diff --git "a/reddit_finance_43_250k_247.txt" "b/reddit_finance_43_250k_247.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_247.txt" @@ -0,0 +1,10000 @@ +Aggregate delinquency rates dropped markedly in the second quarter, reflecting increased uptake of forbearances, which were provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Note that accounts in forbearance are typically marked as current on consumer credit reports. The share of mortgages in early delinquency that transitioned ‘to current’ rose to 61.1%, while there was a decline in the share of mortgages in early delinquency whose status worsened during Q2 2020. Like mortgages, credit cards, student and auto loans also showed lower transition rates into delinquency, likely reflecting the impact of government stimulus programs and various forbearance options for troubled borrowers. Approximately 7.0% of aggregate student debt was 90+ days delinquent or in default in Q2 2020 as compared to 10.8 % in Q1 2020. The sharp decline in student debt delinquency reflects a Department of Education decision to automatically qualify all federal student loans for CARES Act forbearances and report their status as current. + +“Protections afforded to American consumers through the CARES Act have prevented large-scale delinquency from appearing on credit reports and damaging future credit access” said Joelle Scally, Administrator of the Center for Microeconomic Data at the New York Fed. “However, these temporary relief measures may also mask the very real financial challenges that Americans may be experiencing as a result of the COVID-19 pandemic and the subsequent economic slowdown.” + +The New York Fed also issued an accompanying [Liberty Street Economics blog post](https://libertystreeteconomics.newyorkfed.org/2020/08/a-monthly-peek-into-americans-credit-during-the-covid-19-pandemic.html) that examined key developments on consumer balance sheets, at a monthly frequency, in the period since the COVID-19 pandemic began. + +The Report includes a one-page summary of key takeaways and their supporting data points. Overarching trends from the Report’s summary include: + +**Housing Debt** + +• Approximately 0.5% of current mortgage balances became delinquent in Q2 2020, as many borrowers enrolled in forbearance programs. + +• Approximately 24,000 individuals had a new foreclosure notation added to their credit reports between April 1 and June 30. This is the lowest level seen since the beginning of the report in 1999. + +**Student Debt** + +• Outstanding student debt stood at $1.54 trillion in the second quarter, roughly flat with the previous quarter. + +• Approximately 7.0% of aggregate student debt was 90+ days delinquent or in default in Q2 2020.[1] The sharp decline in student debt delinquency reflects a Department of Education decision to report current status on loans eligible for CARES forbearances. + +**Account Closings, Bankruptcy Notations and Credit Inquiries** + +• The number of credit inquiries within the past six months – an indicator of consumer credit demand – was at 127 million, a small decline from the previous quarter. A change in the treatment of inquiries for utility accounts may have also contributed to the decline. + +• Account openings declined by 15 million accounts to 203 million, the largest drop in the history of the series. Account closings ticked up slightly, with 210 million accounts closed within the past 12 months. +The amount of work u/derhyperschlaue and I have been doing has been incredibly exhausting. Simply reading the hundreds of comments, the hundreds of PMs and drsgme.org feedback form submissions has been overwhelming. + +I’m just taking a little break right now for a little social interaction with anybody that cares to comment. It will be a short break so if you don’t comment very soon, I won’t be responding to you at all. Just know that I love you and appreciate all of your support. Please, no PMs unless you’re a no-karma ape and are offering to volunteer helping on the project. + +🦍💕🦍 +As the title says, should I purchase a vacant lot directly next to the plot with the house I’m currently in contract for ***after*** we close? It would double my actual land value because the plots are identical in size and shape. My future home is appraised at roughly $8,000 for the land only and the second plot is valued between $4,000 and $5,000 based on comparable’s list price and sales history. The neighborhood is stable , balanced demand/inventory, and average list to close is 60 days. It’s a typical urban neighborhood built in the 60’s and 70’s. I’m not sure what the ROI would be but it has access to public utilities. I’m interested in if it would be a good investment. I can petition for adjacent parcels to be consolidated. I probably won’t in case something ever happens to the house, but it’s an option. I’d like the larger yard but only if it’s financially advantageous. + +Edit: Thank you everyone for your perspectives on my dilemma. I’m going to offer asking. Thinking ahead I definitely do not want neighbors that close. Midwesterners can be nosey asf, lol. I’m not concerned about school districts because I have no children and I’m 3 miles from an emergency room and 1 mile from a grocer with a pharmacy. The city has museums and galleries. If those are boring for a weekend night it’s only a hop, skip, and a jump to the next big city. + +Edit 2 / Update: I made the offer the following day contingent on the house closing. We closed yesterday and instead of getting a refund for the overpayments I made on some stuff I only needed to wire the difference between what I already paid for the house while the realtor and closer were still there. The title agency’s closer could verify I made the payment by watching me actually do the transfer and then notarized my wire receipt. That was enough for the agency’s attorney to approve disbursement of funds. + +As I understand it the land deeds for all four parcels were recorded in such a way that the full parcel with the house and two partials are now considered one parcel and the additional parcel as a separate piece of contiguous land so I can split it later if I want. I realize I basically paid the original asking price on the house with some funds being out of pocket and not part of financing, but I don’t mind because I still got a bargain. +How much of your own money did you start your journey's with? + +I don't have deep pockets so I would be starting with as little as possible if possible. + I want to learn as much as possible. We are looking to take a HELOC out on our current property and then potentially Airbnb or rent it out. Only issue is that we live in an area where you can rarely buy a decent property under 600k. Not sure if we can take the risk….WWYD? We do not have a ton of disposable income. +How would you handle your rentals if a quarantine occurred in your area and the tenants couldn’t work? I can’t believe that I have to even consider this but this exact situation is happening all over the world and it’s just a matter of time before it occurs in the US (I’m guessing Washington first if the nursing home cases are positive). +It seems that historically the market crashes every 10-20 years, with minor bubbles in between. 87,2001,2008. + +Unfortunately during the last crash I was just getting out of college and looking for work so I had no money to invest. Since then I have invested successfully in a few companies as well as made a few bad decisions. Nothing apocalyptic but I'd be lying if I said my results were fantastic. + +Right now I would say I have maybe 35% of my cash invested. The rest is making pretty much nothing which I realize is bad. However, going on my current belief that much of the market appears to be overvalued (I concede I may be wrong) would it make sense to hold off on some investments until another crash happens? + +Looking back on 2008-2009. Picking up almost any major stock around 2010 would have at least doubled if not quintupled your money. But if say had invested in 2006 then most of those gains would have just been coming back to even. I guess I don't want to get in a situation where I am investing at the peak, but I also realize I may be leaving profit and gains on the table right now. + +If anyone has any good suggestions/criticisms or articles to read on any strategy let me know. If this was colossally misinformed, well fuck. My bad. +This is what the media says when Bitcoin falls below 10k, up 10x year on year. They will say it again when it falls under 20k after hitting 30. The same will go for Eth when they finally catch on.... + +Then they will realise they've said the bubble has burst before, they can't keep saying it. The public will realise too. Then they will catch on that this technology is changing the world and theu have been wrong time and time again. + +I say this as someone who works in the media. I haven't bothered trying to change opinions of my colleagues because they'll just assume I'm an idiot, I'm happy to quietly be getting rich. +I am an Europoor from Belgium and I could use some new gear hell even a new PC setup, some boardgames and all the other great items they have on gamestop.com but sadly they aren't shipping worldwide yet. Since there are shareholders literally worldwide and alot of people wants to support them I think it should be the next step to become this tech giant. + +I'm pretty sure they are working on this but I would like to see if there are more people desperately waiting for this 🚀 + +Buy and hodl 💎👐 +I am doing a research project in Liquidity management in Non-Banking Financial Companies. They have a main problem in asset liability management. What are the main sectors they are involved in? How are they related to models of infrastructure finance? Please help.. +The intelligent investor never stops reading. This is a thread to share articles, books, research papers, newspaper reports, television clips, podcasts, interviews or anything of interest that you are catching on over the weekend. + +Are you a starter in investing? Then, here is a list of recommended books: + +* Stocks for the Long Run, Jeremy Siegel +* Learn to Earn: A Beginner's Guide to the Basics of Investing and Business, Peter Lynch +* One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, Peter Lynch +* The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments, Pat Dorsey +* A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing, Burton G. Malkiel +Retail money keeps chasing dud stocks in the hope of making it big. Fine examples are : + +1. Jet Airways +2 RCOM +3. Yes Bank + +All FIIs and DIIs kept moving out of Yes Bank and retail money kept pouring in. Retail shareholding increases drastically right from the time it started falling from 400. + +But, here is the irony. + +While most funds stopped investing , a few gems in the mutual fund trade bought bonds of Yes Bank. + +The biggest buyer of Yes Bank bonds were Nippon - one of Japan’s biggest players now in India. In fact applause to the manager in their fund called Strategic Fund who has lost the complete profits of 5 years in ONE SINGLE DAY. + +Nippon has 9 funds holding AT1 bonds of Yes Bank which have all been marked down to ZERO value today. Seriously guys!! What came into you fund managers? Is it a scam ? Or what? Pure stupidity? + +And these are guys who make lakhs and crores in salaries and bonuses with all the perks. + +There are mutual funds holding about 525 crores worth of Yes Bank shares which are now worthless. + +So , friends who gets the vote for the dumbest players in the market : + +The Retail Investor + +or + +The Fund Manager. + +I would vote the Fund Managers as the dumbest. +A top Reserve Bank of India (RBI) official on Friday warned that “governments that do not respect central bank independence will sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined an important regulatory institution”. + +RBI Deputy Governor Viral Acharya said the market can discipline the government not to erode central bank independence, and it can also make the government pay for its transgressions. “Interestingly, the market also forces central banks to remain accountable and independent when it is under government pressure,” he said. + +Delivering the A D Shroff Memorial Lecture in Mumbai Friday, Acharya listed three “important pockets of persistent weakness” in maintaining the independence of the RBI. One, its inability to undertake the full scope of actions against public sector banks vis-à-vis private banks; two, the discretion to retain reserves without having to transfer surpluses to the government; and, three, protecting its regulatory scope, a case in point being a recommendation to have a separate payment regulator bypassing RBI’s powers. + +“I chose for today’s occasion the theme of the importance of independent regulatory institutions, and in particular, that of a central bank that is independent from an over-arching reach of the state,” Acharya said. “This theme is certainly one of great sensitivity but I contend it is of even greater importance to our economic prospects.” + +[*Indian Express*](https://indianexpress.com/article/business/undermine-rbi-autonomy-face-markets-wrath-ignite-economic-fire-deputy-governor-speaks-up-5420706/) story. +Salaried employees know the exact date when there bank account would be credited with salary. But that's usually not the case with business owners. + +Shopkeepers usually have income on regular basis there is no monthly salary credit. For example, suppose they sold inventory worth 10k today, out of which they had a profit of 2k. Maybe next day they sold worth 5k and had profit of only 1k. Since sales and profit are not consistent an actual income can't be predicted. + +There are business which works on contracts, they don't have income for months and then after a few months there current account is credited with some money. So here also income is not consistent as it is with salaried employees. + +Like above two business examples there are more patterns where income from business is not consistent. Sometimes its on regular basis (1st exp) and sometimes its after months (2nd exp) and there are much more such examples in real life. + +Is there anyone on this sub who is himself a business owner or maybe knows someone who has a business, how do you manage expenses and investments? Like salaried employees you can't have a strict investment discipline (because income is not consistent), how is everything managed? +Received the following mail: + +*** + +Dear Investor, + +Greetings from SBI Mutual Fund! + +Please note that the base Total Expense Ratio (TER) of SBI Nifty Index Fund - Direct Plan will be changed from 0.09% to 0.16% with effect from 25.05.2021. + +For details, please refer section "Disclosures" on our website www.sbimf.com or contact your nearest branch of SBI Mutual Fund. + +Thanking you, + +SBI Mutual Fund + +*** + +AMCs milking money for passive investments also. Well done, smh. +I am doing a research project in Liquidity management in Non-Banking Financial Companies. They have a main problem in asset liability management. What are the main sectors they are involved in? How are they related to models of infrastructure finance? Please help.. +I'm trying to switch out of equity funds to realize capital losses that will offset some gains this year. + +Like many people on this sub, I use Kuvera to track my portfolio. Those who have used Kuvera would know about this feature they have called TradeSmart that preferentially attempts to redeem long-term units when switching out of a fund - but I would like to do the opposite - sell only the short term units. + +Since there doesn't seem to be a way to do this on Kuvera, does anyone know how to go about this? Do AMC websites typically have this feature? + +Edit: I might have misunderstood the TradeSmart feature - they don't "preferentially attempt to redeem long-term units" - they only tell you how many units you can redeem to minimize the tax implication. +For a few months after the RBI mandate on recurring transactions on credit card, some banks still allowed payments to go through. But things have been downhill since June first week. Every single bank is rejecting most of the international recurring transactions - HDFC, Amex, ICICI, Axis. + +Has anyone found a good solution? +Except, of course, those that have been dollar-cost averaging into Bitcoin and HODL'ing. + +You can’t afford not to hold Bitcoin and ETH. Even Doge and Safemoon are fun to fuck around with. + +Just for the record, Bitcoin peer to peer [trading in Nigeria is up 27%](https://nairametrics.com/2021/04/21/nigerians-increasingly-using-bitcoin-since-cbns-crypto-ban/) since the Central Bank banned financial institutions from crypto 85 days ago. + +Also for the record, [Middle East gets its first listed Bitcoin fund on the Nasdaq-Dubai. ](https://www.reuters.com/article/crypto-currency-emirates/canadas-3iq-to-bring-middle-easts-first-listed-crypto-fund-to-nasdaq-dubai-idUSL4N2MC30N) + +Lastly, for the record, [Venmo’s 77 million users can now buy, hold, and sell bitcoin with as little as $1.](https://www.cnbc.com/2021/04/20/bitcoin-venmo-what-you-need-to-know.html) + +All of this happened within the last 24 hrs. + +Not financial advice. 🚀[🌝](https://safemoon.net/?__cf_chl_jschl_tk__=d684bf272a1bae9f0fb92e4a39c5cdbb7d6349b3-1618998475-0-AQjSU8HUxjYwSPJL5zmScOnA9VMlhDXMrrn6DGTycUswxdd2YUbTRdJ0YgIyjxfTOWzue8TVw4ngIdO1DLWn19Q4L8YtzFq3krfcjz1t50MYRnC31JvH-ETrcktVGmN462juOVcBMDdRCI1t7lAbnd4zStryGJj3yGmLIGkYbAOZyDTGxw3xpSOyWBB3N6fzbrydDHoIH8OsgYinRB3iW4449Q_c_a7Zdmdjyhghv0FTopeN6D11FevpzILn76Qasi0gZ1ukbAqhSILmQ4Png_Azc7y_GYwIVpPwvS2DWLJSEYmz5fgMO_8De4EzXNG6FT2VN2qxZzhOS4cJO6jMOSEGF6wn5A3EyEvs3mo0XpbfTppH0gzmVcLnfFtSV05vdQ) + +Edit: thanks for the awards everyone. I really appreciate it. +I know that there are tons of debate on this theory but has anyone been able to produce any statistical results that can actually prove/disprove it (would it even be possible)? +Hi All, + +I have been trading / investing for about 6 years full time. Since the beginning of this year I have been learning python focusing in DS with the end goal being that it will eventually help with my trading. + +I have recently started to model using categorical ML as a way to group my plays. Some of the models are coming back in the 66 - 70% accuracy region with decent precision and recall. The Model's I am building are using KNN, random forest, XG boost, SVM as well as a few other decision tree algos. I am guessing that these are not going to be the best Algo's I can be using, but it seemed like an appropriate first step into ML. The issue is that I don't have any domain knowledge or references that point me in the right direction. Which algo's / tech are considered good for stock predictions and which are bad. I would guess that no fund out there is using KNN to make predictions lol. + +Additionally how or where do I eventually get a grasp of what a good accuracy on a model is? Is anything over 51% good? Should I not touch anything thats under 80% ... Where did you get a feel for this? I am making my way through Earnest Chan's Algo Trading book and he mentions that its hard to really judge a Model until you put it to the real test. + +At the moment I am trying to figure out a way for ML to tell me what has been the Ideal signal on an indicator over the last 12 months. I have some ideas on how to do this, but was wondering if there is a specific algo to find Which signal has consistently lead to higher or lower prices over this time period. + +Thanks! + +Edit: Thanks everyone for the responses! +Hi Reddit, + +Just needed somewhere to vent about this cause I'm still a little raw about it and haven't told a lot of my friends. I've recently completely changed my eating habits to a low-carb diet. Nothing as crazy as keto, but with my PCOS, I've found it's the only diet that works for me to lose weight and manage my symptoms. + +Unfortunately, it's also doubled my grocery bill. + +I meal prep, shop sales, and cut costs anywhere and everywhere I can, but it's still tough to eat healthy on a shoestring budget. Carbs are cheap, and protein sources are freaking expensive. + +I clear between $1600-$2,200 a month before taxes in self-employed income. You can imagine how much ends up going to taxes. More than half goes to rent (thx California) and most of the rest goes to bills (auto insurance, utilities, internet, student loans). I've also got a fair amount on a new credit card (from recent moving expenses and car repairs) that I'm trying to pay down before the interest kicks in in November, and realized I couldn't do that and continue my diet at the same time. + +So, I bit the bullet and applied for CalFresh. ~~Waiting on the case to process atm.~~ I got denied, but I'm going to try again in one of my slower months. + +It took a lot to swallow my pride and admit that I was living beyond my means, even though I felt like I was being as frugal as humanly possible. I cook at home, don't drink or smoke, don't go to bars/clubs, and shop at thrift stores for my clothes. I can still barely save anything by the end of the month. + +I guess what I'm trying to say is this: there's no shame in asking for help to eat healthy. There's a reason it's called the Supplemental Nutrition Assistance Program. It's tough to get the nutrition you need if you can barely afford food in the first place. Plus, by eating healthy, you can save on medical expenses down the line--barring chronic/genetic illness. + +TL;DR: If the government is taking 30% of my income, it may as well feed me. + +Edit: Wow, holy shit this blew up. Thanks for all the support, everyone! + +Edit #2: Fuck. I got denied. FML. Looks like 2k gross is too high? Either way, I'm open to suggestions! +Hi everyone, + +I am in need of some help please. Last year my dad's company was sold to another, his retirement plan changed to a different plan (some mutual funds), but his old plan told him he had to transfer out his money. He has since moved it to Wealthsimple, however still has to choose between managed or self directed. +I work at a bank but I don't do trading or any form of portfolio management but my dad asked me how to compose a portfolio or what to generally select (60/40), growth, bonds, etc. Generally I would say throw it in indexed funds for retirement. But my big issue here is he is going to retire in about 4 years so the market might not even recover enough by then. I've read about investing during a recession or "defensive" stocks but what about someone who's timeframe is tight and portfolio is just over 100k +Any help or direction to any reads is very appreciated. Thank you! +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! + +How do you pick yourself up from de-moralising job interviews? Just had one of the most horrible interviews in my career where the recruiter simply looked at my 2 year stints at companies and thought it was short and my salary expectations and made up their mind. + +No thoughts put around the value or skills I could add to the company or situations that meant I was only at certain companies for 2 years. + +So I am feeling a bit down. + +I guess the thing I say to myself is I have made many more positive experiences with other interviews. And if someone is judging you that quickly it is a limitation of the person even if they work for a large company they recruit for. Maybe something was pre-occupying their mind. Or that this is not the right company/time to be applying. + +I guess it's a good reminder of how to treat people with respect, good communication. + +EDIT: The recruiter was an internal recruiter of the multi-billion $ company. + +They had already seen my CV. I was quite looking forward to the interview so to be shot down within 10 minutes as an experienced professional was not something I was expecting. I explained leaving the roles within <2 and also highlighted previously I was at companies for over 5 years too in my short 11 year career. + +It didn't seem to matter, they already had made up their mind based on my previous salary, job stints and derived that I would only be there for short-term and wasn't right for the role. + +In the end I stopped reasoning and thanked them for the call and left it there. + + +Hi, I've been planning to move to either Ireland/New Zealand/Italy, and I would like some input regarding how much you think I should save before making the move, We are a family of four, I'm currently saving aprox 1000usd a month, when do you think it would be enough? + +Thanks for your time. +Hi all, + +Just moved to Luxembourg and wanted to ask if there’s any credit cards with cash back bonuses, or other things I can do to stretch the income and buy more chicken tenders. + +Found this group yesterday and I’m loving it by the way, thanks! + +Best +So I was checking out hitBTC and saw UETwas being traded. It was going for around .04. + +For shits and gigs I bought 5. Then I decided to set a 20,000 UET buy order all the way down at .0003 thinking I would cancel it when I woke up this morning.... + +Welp the whole thing filled and someone I'm down right now, 99% drop in price over night is not what I expected. I'm not sure how many coins are in circulation but I'm assuming I have a good chunk... + +YAAAAAAAAY + +Edit: sooo /u/uetokenceo when is the first Skype board meeting on how we are taking this coin to the moon? +Bloomberg radio interviews a lot of smart people from different backgrounds. I especially like to listen after hours when Asia is opening and we get people from Australia or HK. + +Today especially I heard from very smart people including Larry Summers, who all believe the economy is headed in south. We are no where near there now however. What is happening (raising rates to bring down inflation) has a long slow effect. First housing, then companies slow hiring, then many companies who are dependent on loans could be at risk. (Good discussion on this called Zombie companies). + +Most feel major down turn in next 2 years. +http://www.wsj.com/articles/why-the-redskins-players-are-so-frugal-1452014607 + +“Maybe someday I’ll have enough saved and I’ll see what I can get,” said starting quarterback Kirk Cousins, who drives a dented GMC Savana passenger van to work. “But it’s better to buy appreciating assets than depreciating. No yachts, no sports cars.” +Honestly its a very tricky situation cause the market as a whole was inherently built in a way that’s hard to deal with traffic. If it weren’t for that then geniuses like Vitalik would have found a solution years ago. + +&#x200B; + +Sure, upgrades like ETH 2.0 will make traffic less of a problem but it will still need L2 solutions and ZK rollups like Panther for quick and cheap transactions. + +&#x200B; + +The NFT gas fees should also be a priority to solve cause some people mint on Ethereum right away instead of heading to platforms like NFTY and other similar ones for cheap and fast minting. + +&#x200B; + +The scalability issue needs to be solved for us to reach anywhere near mainstream status. +Put on your tin foil hats for a second just for fun. + +The NSA created Bitcoin under the pseudonym Satoshi Nakamoto, for the purposes of creating a cashless society. Ever wonder why no one knows who he is, and why he's anonymous? + +The barrier to a cashless society was, and still is, anonymous transactions. People love credit cards and debit cards, but they want to keep cash to have some level of privacy. The fact that every transaction is recorded on a debit card means that you have no privacy with your purchases. Blockchain solves this problem. (It's not just the people who want private transactions, the CIA does too, for matters only the really aware will understand). + +Sounds crazy, I know, but follow me. + +Say the Fed wants to lead us into a cashless society, and they just introduced a coin themselves. The people would have found reasons to resist it. Any little criticism would have come into play. We might have rejected it. Instead, if they allow people to make money with crypto first, the people will have favorable feelings towards crypto (especially since they've spent time defending it and arguing for it among their peers). Now when they roll out their own, the people (already psychologically in favor of crypto) will be more likely to accept it (especially if they had gotten rich from it). + +Now, the government doesn't really want us able to make anonymous transactions, they love to track us and our every move. Enter the mark of the beast. A chip which you must have in order to buy and sell. A chip that contains your personal balance, and prevents anyone else from spending your money. + +Sounds crazy, I know. + +Right now, people losing their crypto to hacks, accidents, thefts, are a real problem. If we were all rich, but lost our crypto because of a programming error or major hack, we might be in favor of this chip, to prevent future loss. A way to verify how much a person has, to prevent any type of a loss from hackers, would be accepted by most people at this point. + +Also, the stock markets falling and a subsequent dollar collapse could really move the masses towards crypto. The market dropped 666 points on the 33rd day of the year. Again, only the really aware will understand the significance of this "coincidence", but if this crash is being orchestrated, there are only 2 options. Intentional worldwide economic collapse, or a move towards crypto. + +Trump has made comments about an upcoming "storm". Wonder what he's referring to... + +Ok take the hat off now, have a great weekend. +website https://zenon.network/ + +Incentivised network announcement: https://www.youtube.com/watch?v=zJhTB76nPmg + +Trading https://www.coingecko.com/nl/coins/zenon + +Everything you need to know about ZNN https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef + +Moonpaper https://de.catbox.moe/26kuuh.pdf + +Based Bitcointalk announcement https://bitcointalk.org/index.php?topic=5279643.msg55303681#msg55303681 + +Syrius Zenon wallet introduction https://youtu.be/t6A7vKhp-MY + +based anon explanation What is it: Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +With the recent hype for Layer-1s one should definitely look into Zenon Network if L1s are of interest. One of the bigger cryptonews site covered it here. https://cryptocurrenciesnews.co.uk/fundamental-analysis-of-a-professional-low-cap-crypto-investor-applied-to-zenon-network/ +Does anyone remember how 2014 felt in the crypto space? Essentially, we just kept slowly going down for months, just like this - even with good news about adoption and development being released constantly. Everyone, including the bulls from the 2014 run, was saying how "they guess they were wrong about bitcoin". People joking about who could make more money shorting. EVERYONE sold. There were very few holders who actually held straight through the bear market, entirely, without selling anything. After EVERY slight market rise, people kept saying it was going to correct. "It's going back to 200. It's going back to 400. It's never staying above 1000. Etc etc. This went on through 2015. And remember what happened? + +We literally just ran out of sellers. Everyone who wanted to sell had done it by then. The only people left in the space were those who cared about crypto and were in this long-term. Everyone left had "hands of steel", hence the HODL sentiment that grew and became super popular (so strong that most people even HODL'd away most of their profits in 2018). The bull sentiment took almost a year to really form itself (2016, with Ethereum proving itself and everyone realizing it's potential). + +Last year felt like 2014-2015, in that nearly everyone had that same feelings/thoughts: "wow, I guess I was wrong about crypto's potential." "Real adoption isn't going happen." + +This year feels like 2016. Market down 90%, continuous good news, widespread development like never before, and the only people left are the ones who are really into crypto. Feels like we either hit bottom at $3100 BTC/$86 ETH or almost hit it. Yes, I know it will NEVER feel like we hit the bottom. I catch myself thinking that BTC could definitely drop to $1500-$2500, and ETH to $35-$50. + +Then I realize how ridiculous that actually is. Nobody even knew what ETH was when it was $42 and BTC was $1500. You could name every crypto ICO that had taken place off the top of your head. There were 100x less businesses and individuals in the space as a whole. + +We are setting the stage for the sentiment to change over from bearish to slightly bullish. JPM coin, Samsung users having crypto wallets by default on their phones...this is all setting the scene for ACTUAL, REAL ADOPTION of blockchain. I am not saying we'll necessarily see anything like the 2017 bull market again, but the space has been very exciting recently. + +The next crypto run, no matter how big or how small, will be adoption. Your friends will have wallets on their phone by default. Merchants will respond to this by supporting crypto payments in their stores. And perhaps we'll even see some major corporations incorporate crypto payments online this year. STO's could play a big role as well. +HDFC Bank — one of the major wealth creators, has got very low [Piotrosky](https://www.investopedia.com/terms/p/piotroski-score.asp) score of 3. The score is assumed to be a good indicator of how strong the fundamentals is. + +The other top two competitors Kotak and ICICI banks are having scores of 7. + +Should it be a matter of concern. Is the high growth being justified? What are your thoughts? +TLDR: GME had the right conditions for a gamma squeeze today, but attention/ equity volume was diverted to AMC, which made the GME momentum slow down. However, the current higher price is being supported by other indicators, so hopefully we can build on it from here and be ready for the next opportunity. + +For anyone that follows me, I track total market delta neutral/gamma neutral prices using options data to help with trading. The gamma neutral price is the underlying price that creates a total market gamma of 0 across all GME options (all expiration dates). It is often associated with high volatility, and sometimes (especially in GME's case), it's associated with gamma squeezes. + +The graph below summarizes the GME close price (green line), Delta Neutral price (blue line, underlying where a total market delta is 0), and the Gamma Neutral price (orange line). You can see that a gamma neutral spike (at $7,387.08) occurred yesterday for the first time since the 3/8 spike that started an 80% increase in a few days! + +Yesterday, I said that this could signal the start of a gamma squeeze, and gave historical context. + +Yesterday's post as a reference: [5/26 Gamma Neutral Analysis](https://www.reddit.com/r/Superstonk/comments/nlrtul/gamma_squeeze_could_be_coming_soon/) + +Today, we made solid gains in the price, but not a squeeze. The gamma neutral price also came back below the underlying price. As a reminder, anything I say here is not certain. This is all about probabilities, and the presence of a gamma neutral spike does not guarantee a gamma squeeze, but does make the chance of one happening much higher. The key ingredient is an increase in volume, which we can see with the current AMC squeeze (graph further below). The AMC volume has been increasing each day since Friday, in conjunction with a prolonged gamma neutral spike, which keeps the momentum for a gamma squeeze. Conversely, there was a GME gamma neutral spike present for today, but the GME volume decreased, and the momentum decreased. + +&#x200B; + +[GME 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/c10okn6ufq171.png?width=910&format=png&auto=webp&s=9df3cb0e1f21e991887bf8b557b692602a5faf76) + +The good news here, is that the delta neutral price had a meaningful increase for the first time since March. The Delta Neutral price is important for creating a price floor, and acts as a resistance if the price drops. As you can see above, the price often stays above the delta neutral, with the gamma neutral creating some resistance between the underlying and delta neutral. The price often bounces off it if it gets too close, and if the price goes under the delta neutral, then pressure is created that shoots the price up when released (like what happened in February). + +The fact that the delta neutral sharply increased today means that a new floor/resistance is being create to support this new higher price. + +Prior discussion on the GME underlying/delta neutral price interaction if interested: + +[5/10 Floor Analysis](https://www.reddit.com/r/Superstonk/comments/n9cutk/gme_bouncing_off_delta_neutral_price_today/) + +[5/11 Floor Update](https://www.reddit.com/r/Superstonk/comments/na952e/gme_delta_neutral_price_update/?utm_source=share&utm_medium=web2x&context=3) + +As a reference, here is a lead-up to the big January squeeze: + +&#x200B; + +[GME 12\/1\/2020 - 1\/26\/2021](https://preview.redd.it/1si7dsjzhq171.png?width=910&format=png&auto=webp&s=fddab7d3a61c00a55bac20678f948c527486de99) + +You can see that the drop in the gamma neutral doesn't mean it's over, and the increase in the delta neutral helps support the new price levels. + +&#x200B; + +As a reference, and especially because GME/AMC are connected. Here's AMC's graph + +&#x200B; + +[AMC 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/uj4wsktsiq171.png?width=910&format=png&auto=webp&s=d9cf54594a10848798f00bc08f5c6f1d19bbb5af) + +As you can see, AMC spikes a lot! It has also generally been in one long spike since 5/13, and fed by very high underlying volume. There was a small drop in the gamma neutral/volume between 5/19 - 5/21, before resuming again with progressively higher volume each day this week. + +I think this can help support the theory that the AMC squeeze is stealing volume from GME, which is delaying the GME squeeze. + +If you're interested, here are a few of the other stocks I called out yesterday in the comments section. I'm not showing you this to draw your attention away from GME, but hopefully maybe to make you a believer. + +&#x200B; + +[RCL 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/nk0qs3i5kq171.png?width=910&format=png&auto=webp&s=939cd4adba8e2b8a8aa9a8e633e31f424856e8d7) + +&#x200B; + +[FUBO 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/cw7rwacbkq171.png?width=910&format=png&auto=webp&s=bc7761da0d5391c891541379b4838e399df41b8c) + +&#x200B; + +[SFIX 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/lff3i49mkq171.png?width=910&format=png&auto=webp&s=54bcca9ad47f3d126ef9fc092b601344b82bbab6) + +&#x200B; + +[TLRY 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/ithamkyqkq171.png?width=910&format=png&auto=webp&s=45502faf1856804b10a8fbedabbedd5db37b8afc) + +&#x200B; + +TLDR: GME had the right conditions for a gamma squeeze today, but volume was diverted to AMC, which made the GME momentum slow down. However, the current higher price is being supported by other indicators, so hopefully we can build on it from here and be ready for the next opportunity. + +I'll say it again, it's all probabilities. Nothing in certain. It's just an indicator. +Robert Shiller vs. Burton Malkiel + +[https://www.pairagraph.com/dialogue/c93c449006c344ce94e6e2e8fbe7aba3](https://www.pairagraph.com/dialogue/c93c449006c344ce94e6e2e8fbe7aba3) +The Evergrande Group is China's second-largest property developer by sales. making it the 152nd largest group in the world by revenue, according to the 2020 Fortune Global 500 List. **The Chinese real estate market has been on a tear for the last few decades, being valued at some measures up to** [**$52 Trillion**](https://www.wsj.com/articles/china-property-real-estate-boom-covid-pandemic-bubble-11594908517). [Lenders, deeply intertwined with the CCP](https://www.businessinsider.com/chinas-real-estate-bubble-is-going-to-bring-down-the-entire-world-2016-8), have blown past lending standards and started authorizing bad loans for developers, even for projects completely underwater, creating a housing bubble that supersedes even the 2008 financial crisis. + +&#x200B; + +https://preview.redd.it/ezfkbn4u06e71.jpg?width=960&format=pjpg&auto=webp&s=70e57a0f58df1a15b99b415324dd9b77daaeaeb9 + +&#x200B; + +https://preview.redd.it/pcws5h5v06e71.png?width=849&format=png&auto=webp&s=f33c7b7afd65798dc83a2bcd4bcb31800f43bc19 + +&#x200B; + +Developers took on massive amounts of debt to build “ghost cities”- [entire metropolises that remain uninhabited.](https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186) The Chinese government, desperate to continue the massive industrial growth the country has experienced over the last 30 years, pushed the developers to undertake these projects. Now, these projects stand to make near zero revenue, and the firms that funded them look to the developers to repay their debts. + +&#x200B; + +https://preview.redd.it/6nkusl3w06e71.png?width=617&format=png&auto=webp&s=59a03f932d51a6cff46d3a2d458f3843a8dd56f1 + +&#x200B; + +Evergrande’s shares, trading under ticker EGRNF, are now down over 60% in the last 6 months alone. Sofia Horta e Costa explains: + +The collapse in the valuation of the shares is a problem for a heavily indebted company with narrowing options for raising funds. It’s not just its own shares: subsidiary Evergrande Property Services has lost about $17 billion in value since its February high, while Evergrande New Energy Vehicle is down more than $60 billion in the period. Evergrande controls more than 60% of both firms. The value of Hengten Networks -- a Hong Kong-listed internet services provider in which Evergrande has a 38% stake -- has dropped about $15 billion. + +&#x200B; + +https://preview.redd.it/b88h60cx06e71.png?width=732&format=png&auto=webp&s=38342351ab8827c9161e6a04c255c3bde79a3ce5 + +&#x200B; + +T**he company’s access to freely available cash is also shrinking.** After the shares plunged 16% on Monday following the freezing of a bank deposit, a city in Hunan province halted sales at two of the company’s residential projects, alleging the developer didn’t properly handle funds. The suspension will last until Oct. 13 and Evergrande can’t use funds currently deposited in supervised bank accounts, according to a statement. + +A writer from ZeroHedge continues: “Some of its affiliates missed payments earlier this year, and **Caixin said authorities are probing Evergrande founder Hui Ka Yan's relationship with Shengjing Bank.** Evergrande holds a 36% stake in the bank, and Caixin said the bank lent up to $20 billion to Evergrande via direct and indirect channels." + +The reason why the company has been hammered is simple: as a result of Beijing's strict deleveraging demands targeting the housing developer sector (hoping to prevent a housing bubble), Evergrande's cash has been shrinking fast, and it's getting worse by the day as the company has entered a classical liquidity run (amid ongoing confusion whether Beijing will bail out the company in a worst case scenario). + +&#x200B; + +https://preview.redd.it/n22e8q9y06e71.jpg?width=1223&format=pjpg&auto=webp&s=0798ba6ea52612dc255b34b66f126b3c09c73f27 + +&#x200B; + +Things went from bad to worse last Wednesday, **when four of Hong Kong's top banks - HSBC Holdings Plc, Bank of China’s Hong Kong unit, Standard Chartered and Bank of East Asia - stopped providing mortgages to buyers of China Evergrande Group’s unfinished residential properties in Hong Kong,** the latest sign of dwindling confidence in the developer’s financial strength. + +The mortgage halt “**could be a fresh sign banks are protecting themselves as they’re increasingly worried about Evergrande**,” Bloomberg Intelligence analysts Daniel Fan and William Hau wrote in a note on Wednesday. The development may push Evergrande toward more “radical action,” such as selling a stake in itself to a state-owned Chinese company or pursuing more wide-ranging asset sales, the analysts wrote. + +As Bloomberg notes, the unusual move by the four Hong Kong mortgage lenders to act in unison underscores how dramatically perceptions of Evergrande have deteriorated in recent weeks. And it's not just the company's stock that is getting hammered: the company’s 2025 dollar note sank by about 6 cents on Wednesday to 49 cents on the dollar, an all time low, and suggesting investors are bracing for a potential default absent a Beijing bailout of course. + +&#x200B; + +https://preview.redd.it/lxsisnez06e71.jpg?width=990&format=pjpg&auto=webp&s=794d63f8455de12e3e7f947e33a6f548da446cff + +&#x200B; + +**An uncontrolled default by Evergrande - one where Beijing does not step in - would likely catastrophic repercussions for China’s financial system,** eroding confidence in other highly leveraged property companies, shadow lenders and potentially even some banks. + +Still, the status quo is unlikely to persist - officials from China’s top financial regulator told Evergrande founder Hui Ka Yan at the end of June that he should solve his company’s debt problems as quickly as possible, emphasizing the need to avoid major economic shocks. + +On Tuesday, the [Chinese stock market saw its worst two day plunge](https://www.bbc.com/news/business-57979857) since the 2008 financial crisis. The largest Chinese Stock ETF, iShares MSCI China ETF, trading under ticker MCHI, is on pace for it’s worst month in over a decade as the fund tumbled over 13%. [This was exacerbated by a continuing tech crackdown by the CCP. ](https://www.cnn.com/2021/07/27/investing/tencent-meituan-chinese-tech-stocks-intl-hnk/index.html) + +&#x200B; + +https://preview.redd.it/k60i4uy016e71.png?width=734&format=png&auto=webp&s=157c47413001ebf1285934bdee488f75021eb5a6 + +Chinese High Yield Bonds (Junk Bonds) have [also spiked higher](https://finance.yahoo.com/news/chinese-developer-woes-weighing-asia-041232843.html), reaching their highest levels in a year, [signaling growing investor concern about defaults.](https://www.wsj.com/articles/chinese-junk-bonds-flash-warning-signs-11624267802) (Remember, bond yields move inverse to prices, so higher yield=lower price). + +&#x200B; + +https://preview.redd.it/jje8805216e71.jpg?width=1200&format=pjpg&auto=webp&s=dca242bdac1f9fdc8a72c5f3023df9b2ec10f9ee + +&#x200B; + +https://preview.redd.it/bd13qcj9e6e71.jpg?width=1296&format=pjpg&auto=webp&s=a4e3c61a76d5facfc1c181cda142de83c0494fcf + +The Chinese Government has been aware of the development of this housing bubble for years now, and they are watching it [extremely closely](https://www.bloomberg.com/news/articles/2021-03-02/china-worried-about-bubbles-in-property-foreign-markets). China’s top banking regulator said he’s “very worried” about risks emerging from bubbles in global financial markets and the nation’s property sector, sparking fresh concerns about further tightening in the world’s second-biggest economy. +Before the obligatory /r/ShitAmericansSay, I'm British and live in the UK. Now that's out the way let's begin. + +* the USD is a super strong world reserve currency. +* Most of the major tech companies in the world are American. +* US companies are global rather than regional which allows for massive growth. +* Startup culture in the US is highly encouraged and handsomely rewarded. +* The US is at the forefront of current and future industries (Space, AI, Pharma, FinTech, Robotics, Energy and more). + +Of course there are very brief periods where the US market becomes over invested and there's a small period of time where other countries outperform the US but in the **long run** the US always wins. They have been winning the investing war since the 1900's and I don't expect it to change any time soon. In fact I expect it to get much much stronger. + +Compare it to the UK for example where most tech companies remain private because we have dinosaur regulations that make it undesirable to go public. Seed money is hard to come by because investors prefer to invest in property over innovation. Any tech that we do actually create that's worth anything gets bought up by US companies. Combine this with a weak AF GBP / EUR currency and it makes investing in the US a no brainer. + +I know a lot of people will disagree with this post but I'm open to different opinions on why people believe the US won't continue on their current path of pure technological dominance. + +Just compare the charts of the US to the charts of the UK for example, it's astonishing how much the US indexes have grown compared to the UK. + +tl;dr The US is an innovation behemoth with boundless talent while the rest of world is being left behind in the dust. Sure there are specific individual companies scattered about the world which do something specific better than the US but from an index investing point of view, no country beats the US and no country ever will. The US is a powerhouse of ambition, dedication, talent and money. +I have savings, about 10x the remainder of my car loan. My APR is 4% on the loan. I have a mortgage and no other debts. I do use a CC to accrue airline points (will I ever use them?!) and to keep the credit cycle alive in my life; I pay the entire balance every month. +Can I take a small portion of my savings and invest? I’m pretty scared of financial crisis so I’ve been sitting on my savings. TIA! +Hi, + +I am currently 25 years old with a stable w2 job making about 80k a year. My father also works making 70k a year. We recently bought a house with an approved loan. I will have to pay about $2k a month paying the mortgage and other expenses. My dad will also contribute, we are the only 2 working in a family of 4. At the moment I have $30k in the bank. I do not have a roth ira or 401k from my company but they do offer it. I thought I needed more cash on hand since we bought a house. We are going to rent out the apt we own for about $1600 a month. + +I don't really spend much and don't really have any plans to spend big in the future. I have never invested but I am reading up on it. I see people in their early 20s saving a lot and having a lot of money. Feels kind of bad not keeping up. + +What should be my next steps or advice to grow my finances? + +&#x200B; + +Thank you +I get it. His diamond balls are impressive. When they slap you in the face they leave craters that look like bad acne scarring. When he fucks your wife before you do then it feels like you're thrusting air. But if we put him too far on a pedestal then it's gonna do a few things: + +1) He'll have to be careful about everything he posts due to heightened reactions + +2) It will make the sub look like a collective mind, which we're not + +We do not have a leader, we do not follow a single person. We're just a collective of retards. That being said, DFV you still have an open invitation to bang my wife anytime, but I get to watch from a distance. +People who retire early are high achievers. + +What do you guys do after you retire? Do you have a different lower stress job? Did you start your own business? Do you manage your own money now? + +It would be great to see what everyone in this community does after retirement. +My partner and I (both 25) currently make about 600k combined with about 650k in savings (spread across 401Ks, IRAs, HSAs, and broker accounts, plus maybe 10% in cash/crypto). Currently renting in VHCOL area and paying $2750/mo in a sustainable situation (nice apt, rent controlled, good area, etc). However, median home value here is close to $2M, with even a basic 1/2 bed condo costing over $1M. While we could theoretically afford to buy, I’m not convinced of the benefits. Of course there’s the whole element of not needing to do any maintenance/work with our apt vs the time/energy that would take with owning a place; but even just looking at the financials, I don’t see how returns on buying would be worth it over keeping our cheap rent and continuing our investment strategy. It just seems like so much of the value of owning is exaggerated in areas like this where the differential between renting and buying is huge (vs some other parts of the country where rent might be $1.5k on average and median home is only like $400k). + +What are people’s thoughts on this? Are there people out there who have successfully reached FIRE at a young age while remaining renters? +Just wanted to show my gratitude to everyone here. Over the past couple years I have been reading posts on here and they have helped me tremendously and I while i am not yet FI I wanted to tell my story. When I was 16 I got caught up in gangs and selling drugs. I was homeless and living in my car by 18. I became addicted to heroin. I was in and out of rehabs and hospitals from OD's and suicide attempts. This went on until I was 25 and I decided to make a change, I left the city I lived in and went to a small town 100 miles away with a duffel bag of clothes and about 60$ in my pocket. I lived in my car and worked a shit min. wage job for 3 years slowly saving money living in shelters and got an apt. I clawed my way up to a management position and got some experience which landed me a real job. I now have a beautiful wife, retirement account. I live cheap and save 50% of my income and about to buy my first home with a 40% down payment. I dont know why I felt the need to post this but if anyone out there struggling thinks they cant do it I hope my story can give you motivation. +I’m interested in some estate planning issues and hoping this group can help. + +Grandparents are doing estate planning and have farmland managed by a farm manager, a primary residence, cash holdings and IRAs. They need enough for retirement and have no health issues currently. Of primary interest is passing along assets to children and minor grandchildren. Some preference towards keeping the farm and have that be income producing for many years after passing. + +Parents are responsible, high income and in primary earning years, on fat path. Grandchildren are all minors and have 529 plans. + +What are some things to think about when doing estate planning? Are there tax advantages or consequences to pass IRAs or other assets to minor grandchildren versus children? Grandparents are open to gifting some money to 529 plans while living if that’s a better option. And grandparents are considering trusts if that makes the most sense. Any advice for key questions to ask or considerations are appreciated. +Firstly I don’t mind 9-5pm. But of course we have our days. It’s totally respectable and I do like it. + +What I don’t like is being dependent on it. I hate how companies can easily dispose of their workers depending on how the CEO or manager feels. I also want to start a family And see them as often as possible. + +I don’t want to be dependent on it anymore. But rather let it be supplement to my life. + +I will be entering the housing market as a FTB. I will be putting down 40-50% on property of £250k-£270k. I started investing in 2020 to an index fund and also some cryptocurrencies. + +But I want to hear from people who no longer depend on a company to live their lives. Perhaps you still work part time but it’s more of a supplement. Please share. + +Edit: I don’t want to be a YouTube content creator. Thanks. + +Edit: Also I don’t have kids or partner yet! But thinking of renting out a room when I buy home as another avenue to income. +[https://www.morningstar.com/articles/1071658/arkk-an-object-lesson-in-how-not-to-invest](https://www.morningstar.com/articles/1071658/arkk-an-object-lesson-in-how-not-to-invest) + +I constantly see Reddit communities bag on ARK and Cathie, but it commonly comes with inaccurate assumptions of technique, performance, skill, and history. I’m also pretty quick to defend ARK against many of those comments. That said, there are equally legitimate arguments to be made about ARK and this is one if the better technical write ups that I have come across. Kudos to the author Amy Arnott from Morningstar. +Let this be a (short) rant/brag/cautionary tale + +I have been wheeling / selling puts / selling calls and delta-balanced naked calls for a while now. Only a couple of months ago did I start looking into these new, interesting stocks and started selling puts on them + +Oh my! What a success! 50% up in November alone! Sure I can not only replicate this, but *get in deeper and push my maintenance margin to its limit*, correct? + +So yeah, I sold a lot of puts on $JMIA, $PLTR, $NIO, $WKHS, $HYLN you name it. Yesterday was the beginning of the end, today I got mostly wiped. Not really *wiped wiped* since I did keep a (healthier) 10% profit from what I got in November. + +So I get the learnings I get from this that will surely go into my trading diary are + +1) Don't necessarily forget about meme stocks, but approach them with extreme caution, as one would a hungry and maltreated puppy. There is indeed money to be made there, but timing and sizing is everything if you want to keep your wits. Trade small, get out and reevaluate often, keep an eye on the general picture and don't ignore the warnings and only pay heed to the "to the moon"ers. + +2) Pushing the maintenance margin was likely the stupidest thing I could have done. Even if I did believe in a prompt rebound (I don't), I didn't have time -- I would have been liquidated today at close, or even earlier. + +3) Diversify, diversify, diversify. Most of the punching I got were from overpriced EV stocks. + +4) All the above having been said, DON'T PANIC! I knew yesterday already that I was down for a pounding today, and the UPS news on $WKHS just made it way worse. I knew I had to exit positions today. But DON'T PANIC EXIT AT MARKET OPEN! If I had done that I would have been crushed by the volatility and the 10% I kept would have easily been a 15% loss overall. Admittedly I could have rescued a bit more profit had I waited a further half hour, as I sadly didn't catch the $NIO rebound. Oh well + +&#x200B; + +TL;DR - got greedy playing with meme stock options, had a massive 50% up in November, got crushed today, luckily managed to rescue and be up 10% overall. Also, LEARNED A FUCKTON from this +I'm talking about the $1 wide SPY put credit spread. The setup is simple. + +Every Wednesday (for some reason Wednesday has netted better ROC), open up a 7DTE PCS, with the long put strike at the 50 delta, and the short put placed just $1 above that. For Robinhood users you only need $100 in collateral to make this trade. Can be easily scaled to your desire. It looks just like this: + +&#x200B; + +https://preview.redd.it/bj5b2ctt2fn51.png?width=295&format=png&auto=webp&s=a1845e4c4bb5d6f26f0daa6488c2b45e9cb04ae2 + +The results after running it in some backtesting software yielded surprising results. This is with no black swan crash management involved: + +&#x200B; + +https://preview.redd.it/haj0if2v2fn51.png?width=855&format=png&auto=webp&s=1c45d3ec07f54b6b39e61822eefe4ab1758f4418 + +A 68% win rate if traded for this past year, even with the COVID crash. Of course one can never assume that these results will actually work in the future, but personally I like the risk-reward ratio of this spread. + +Edit: Thank you everybody for your criticism. I hope that nobody saw this strategy and assumed that it works in all markets. Clearly this is a bull market strategy. I even said that you can't assume this will work in the future, and my back testing only went back one year, in a historical bull run. I'm guessing that if you reposition the strategy down to say a 35-40 delta, it would have a higher win rate in normal markets, but the payout will be smaller. But one thing is always certain no matter what, learn to read charts and trade accordingly. + +Edit 2: I'm running some more backtests now, and will post them here. The software only goes back 10 years, but that should be ample enough time to make your own judgements. + +10Y Backtest from Sept 2010 - Sept 2020, 513 Samples: A rough 2015-2016. + +https://preview.redd.it/f4npd19p4fn51.png?width=915&format=png&auto=webp&s=c3ce352a056a42e4fb0c333e88d117f8bd255efe + +5Y Backtest from Sept 2015 - Sept 2020, 256 Samples: Rocky start. + +https://preview.redd.it/4o7a5c475fn51.png?width=924&format=png&auto=webp&s=37bbae3486886bfadf861b5058d575cd9ec90be0 + +Now here's something a little different. I ran the same basic strategy, but this time I set the DTE for 30 days out. We're still trading this once a week on Wednesday, so you would basically have 4 simultaneous contracts running at the same time. + +10Y with new 30DTE strat: 17 bagger? + +https://preview.redd.it/2n77nsza6fn51.png?width=920&format=png&auto=webp&s=b15a52c37446be9816de88efec899d2263bb7fe6 + +5Y 30DTE Strat: A rough 2016, would you have traded in a bullish direction that year anyway? + +https://preview.redd.it/eesgbu1u6fn51.png?width=904&format=png&auto=webp&s=2a23115883e97ddf7cd83b1163ac77fa7bc4f498 + +2Y 30DTE: + +https://preview.redd.it/i4ny0pdr7fn51.png?width=922&format=png&auto=webp&s=9e27cab92479c6d8245e105a38c85bbe1b6955ce + +That's enough for now. +This was a comment I made in another thread but it felt worth of sharing with the community in its own post: + +Something I really think about (and the recent BCG bungle of suing gamestop really is a perfect example) is how their arrogance has been their own undoing. + +Recent example: BCG is like, ok let's sue gamestop for $30mil, smear some shit on their faces, help Kenny boy out, no problem. So BCG smacks the internet equivalent of a hornets nest, led by Ryan Cohen, who is my dad. And my dad don't fuck around. He actually does tho, Ryan Cohen fucks. + +Anyway. Cohen don't take that shit. He calls them out, and superstonk immediately checks under every rock, everything they can find. Get fucked. I know some real dirt is gonna turn up, because consulting is so fucking closed door secretive plus arbitrarily complicated and hard to understand plus expensive, you have essentially a ton of room to fuck companies over all these different ways. I'm not saying that BCG for sure did anything, but when Gamestop fights this lawsuit, I think there'll be some juicy shit in discovery. + +And BCG could have avoided all this, but they didn't. Eat shit and die. + +And I guess to the larger point of what I'm trying to say, that mentality of "I'll just fuck you over and win by cheating or using my vast resources and eventually you'll give up" had really been the ethos of the short side. Taking out the buy button. Shorting it to fuck. Forget gamestop articles. That shit has only fueled the fire. The rage over the wrongs committed has only grown. Apes kept the receipts. The proof is in the numbers, in the DD. + +Superstonk and the DD library would not be what they are today if not for all that shit. If gme mooned, hit a thousand, ppl paper handed, it's over, we made money great job, fun times, but that doesn't change the world. + +In that moment of hubris when the buy button was removed, they sowed a seed of outrage in every ape. The fire, the anger of how dare you cheat this away from me and so many other people. Fuck you. Pay me. That's the secret sauce of all this. People have been pissed for all of human history, they've just never fought back in the stock market. + +To quote Steinbeck: + +"...and in the eyes of the people, there is the failure; and in the eyes of the hungry, there is a growing wrath. In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." + +I highly recommend reading [chapter 25](https://genius.com/John-steinbeck-grapes-of-wrath-chapter-25-annotated) all the way through. It's very relevant to the modern day and this whole saga in particular. + +Through their own misdeeds, the shorts unwittingly facilitated **the fiscal unionization of the proletariat** + +DIAMOND F*CKING HANDS + +APES TOGETHER STRONG + +*not financial advice, just one guy's perspective on the unfolding saga* +> But there’s a fine line between flexibility and ambiguity, and ESG’s critics say some companies and investors are using the loosely defined term to “greenwash,” or make unrealistic or misleading claims, especially about their environmental credentials. + +> Those criticisms came into sharp focus on May 31, when German police raided the offices of asset manager DWS and its majority owner Deutsche Bank as part of a probe into allegations of greenwashing. It was the first time that an asset manager has been raided in an ESG investigation and signals a moment of reckoning for the industry. + +> It’s a “real wake-up call,” says Desiree Fixler, the former DWS executive who blew the whistle on her company for allegedly making misleading statements about ESG investing in its 2020 annual report (DWS denies wrongdoing). “I still believe in sustainable investing, but the bureaucrats and marketers took over ESG and now it’s been diluted to a state of meaninglessness,” she says. + +> On top of the allegations of greenwashing at the industry’s highest levels, there is the impact of Russia’s invasion of Ukraine, which is forcing companies, investors and governments to wrestle with developments that at times appear to pit the E, the S and the G against one another. For example, governments in Europe are reneging on environmental goals by turning to fossil fuels to reduce dependence on Russian gas, in order to fulfil ethical goals. + +[...] + +> Some people wonder whether the term still has any meaning at all. “The acronym ESG is a bit of a confused compact because it muddies at least two things,” says Ian Simm, founder and chief executive of £37bn asset manager Impax Asset Management, a pioneer in sustainable development. + +> “One is an objective assessment, around risk and opportunity. And the other is around values or ethics. And so people get themselves tied in knots because they’re not really clear about what exactly ESG investing is about.” + +https://www.ft.com/content/5ec1dfcf-eea3-42af-aea2-19d739ef8a55?segmentID=1f541d39-111d-14ea-388e-dd6869a20e01&twclid=24xy8zs8as79kuh5o8x55n5w0r +***This is a repost from earlier this afternoon. Some commentators referred to the fact that a few of my figures were incorrect. This is true. Some figures were wrong. I was in a rush and collating prices from the subtext of Google searches, which resulted in some oversights (as well as accidentally getting an Officeworks price for sugar, instead of Woolworths). I've now cross-referenced each line twice directly from the source sites. I appreciate the effort of prior commentators, but believe that the corrections have not changed my conclusions. Link to the deleted post for full disclosure and transparency:*** [***https://www.reddit.com/r/AusFinance/comments/segps3/the\_abs\_figure\_for\_the\_food\_component\_of\_the\_cpi/***](https://www.reddit.com/r/AusFinance/comments/segps3/the_abs_figure_for_the_food_component_of_the_cpi/) + +First, to preface this post, the reason why I'm writing on this topic is because of the increasingly heated arguments going on here between those that accept the CPI figure provided by the ABS/RBA and those that reject it. The intention of this post isn't to completely shutdown the assertions being made ABS/RBA, but rather to create dialogue. + +***Anecdotal evidence does not count*** + +Here on Reddit you can find countless posts across every subreddit (whether finance related or not) regarding the perceived increase in food prices. The consensus is that food prices have risen exponentially. Outside of Reddit, you will no doubt find co-workers, friends, and relations talking about the skyrocketing price of food. More broadly, you can also find journalists reporting directly from the ground, across the world (including some regions that don't even have internet) and interviewing people that have reported massive increases in the price of food. + +But none of that counts - it's all anecdotal. Like, the Dancing Plague of 1518 in Saxony, we are all victims of a mass psychosis in which we perceive food to be more expensive than it actually is. So let's find a way to overcome this psychosis. + +***The Basket*** + +Initially I began collating prices for a variety of groceries from archives. I decided this probably wouldn't be the best set of results to post since I would probably be accused of cherry-picking items that supported my hypothesis that food CPI is higher than being reported. + +Instead, I looked for independent sources that could give me a hypothetical food basket to use. I found one in the consumer advocacy magazine that I'm sure most of us are familiar with, Choice. In April 2021, Choice conducted a survey of a pretty average grocery basket and collected prices at various Australian supermarkets to see which were cheapest, with products of differing brands also being analysed (e.g., home brand, national brand, etc). Choice conducted this research in previous years, but some archived webcrawlers show that (i) the food basket in 2018 was different, and (ii) weights/brands, etc where not presented. As such, I chose to measure only from April 2021. But my research with my own 'foodbasket' using 2020 prices shows that the results are fairly congruent. + +The nice thing about the Choice food basket is that it mostly comprised of products that aren't really seasonal - e.g., bread, chocolate, crackers, frozen peas, canned tuna, tinned tomatoes, etc. + +Screenshot of basket comparisons to 2022 + +I decided to simply take the national brand basket from Woolworths and the budget basket for Coles. I avoided IGA because it's a franchise and Aldi because prices are hard to collect online. + +Woolworths 'national brand' basket: [https://imgur.com/a/qNUxTS6](https://imgur.com/a/qNUxTS6) + +Coles 'budget' basket: [https://imgur.com/a/hCe0AKs](https://imgur.com/a/hCe0AKs) + +***Results*** + +Assuming equal monthly compounding prices, the Coles budget basket's annualised inflation was 9.96%. The Woolworths national brand basket's annualised inflation was 6.12%. + +The Woolworths inflation figure would've been in the double digits had it not been for an expensive detergent that was reduced by more than $7. That is likely to have caused a severe underestimate since detergent prices are easy to cut. They have insane margins. + +***Wait - that's way too high!*** + +I'm already aware some of you are hunched over your keyboards, angrily typing away "you didn't measure the price of every item, this is bullshit - the number can't be that high". Well, well well. Thankfully we have sources other than the ABS or me (the random dumbass redditor). + +Interest NZ collects data on grocery prices in New Zealand and Australia. It's hypothetical basket is based on a nominal healthy food basket (using the cheapest price of the food item it can find) from the Good Food Magazine. [https://www.interest.co.nz/charts/prices/grocery-prices](https://www.interest.co.nz/charts/prices/grocery-prices). From 27 Jan 2021 to 26 Jan 2022, the price of the basket rose from $148.22 to $179.2. This is an annual rate of 20.90%. + +"Interest NZ is just some random website" I hear you shout in frustration, shaking your fist at the screen. It's OK, relax, take a breath. I have more sources. + +The Food and Agriculture Organization, an agency of the United Nations tasked with responding to food security produces a yearly, global index of food prices. Guess what they found? 28% annual inflation in food prices over the course of 2021. + +Annual food CPI of 1.9% is simply not possible + +At the risk of sounding overly self-assured, I believe there is a 0% chance that the cost of food only rose by 1.9% in Australia. + +How could the ABS be underestimating inflation? My best guess is that it's probably a result of some sort of sampling error. The ABS adduces the hypothetical basket of foods by analysing data from checkouts across Australia. Why does this basket have an inflation rate so much lower than other foods? I posit that it's because people, increasingly financially pressured (e.g., 70% of Sydney renters in rent stress), resort to picking the cheapest products on the shelf. This understates inflation for two reasons (i) the food basket automatically becomes cheaper and (ii) cheaper foods are likely to be highly processed foods that are not as susceptible to inflation because of their naturally high margins. As such, the ABS finds that consumers in Australia are only spending a tiny bit more on food. How surprising? The ABS should not be able to adjust the proportion of foods making up the weighting. It creates sampling bias that leads to a large discrepancy in the figures they are reporting and reality. + +***On the question of supply chains*** + +I won't say much here other than there's always an excuse as to why inflation is running hot - with pundits refusing to admit that low rates and QE have contributed to inflation. In his latest commentary on the markets, Aswath Damodaran, NYU Professor of Corporate Finance, and one of the greatest minds in value investing, had the following to say about supply chains being blamed as the primary cause of inflation: + +Initially, the high inflation numbers were attributed to the speed with the economy was recovering from COVID, and once that excuse fell flat, it was the supply chain that was help responsible. By the end of 2021, it was clear that this bout of inflation was not as transient a phenomenon as some had made it out to be + +Make of that what you will. This post isn't a debate on the cause of inflation. That can come later. + +For now, I wish to talk about why the ABS' CPI figure for food is so divorced from reality. +I just bought $375 worth of BTC on Coinbase. The fee was over 3%. I was just looking at buying a smaller amount and the fee was over 5%. This doesn't make sense as a currency or investment. + + +&#x200B; + +https://preview.redd.it/kb2ekojbvaj91.png?width=1920&format=png&auto=webp&s=2317c04ee6d9e499ebef5a262212506c524635a0 + + + + +[View Poll](https://www.reddit.com/poll/wuzqkc) + Government of India, in consultation with Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021: Ministry of Finance + +https://twitter.com/ANI/status/1392504754291367937?s=20 +Words cannot express the sadness and outrage I'm feeling right now. + +Banks such as HSBC are found guilty of laundering billions of dollars not just for drug users but for violent crime cartels. Billions. Violent crime. And yet not a single exec faces a day of jail time. Charlie Shrem, who sold Bitcoins to someone who helped people buy drugs on Silk Road, has now been sentenced to two years in jail. + +If there was any doubt that we are struggling against an immoral system in dire need of replacement, let this end that doubt. + +Charlie, our hearts and minds are with you, friend. The work continues. + +In the past 7 days: + +$500 for new tires (2 flats made me realize that you could see the treads.. I'll pay more attention from now on) + +$1,000 for my cat's emergency surgery (thankfully I had a small savings account just for her) + +$500 for a new phone (mine suddenly died after 3 years) + +$300 in medical bills that I was expecting insurance to cover + +**$2,300 in 7 days** + +It was stressful, but it didn't break me, and I still have 3 months emergency savings left. Without this sub, I wouldn't have been so prepared. Thank you! Not having to ask my parents for a loan or go into credit card debt was an incredible feeling. + +Edit: I have now learned that I can return this phone and buy a refurbished phone that is compatible with my plan. Thank you to all of you who let me know about that. I appreciate it! However, please remember that some people have different opinions on how they spend their money. Some people like to splurge on certain things, and that's okay. +I’ve never seen or used one before, but a bedsit I may be moving into still uses one. I can’t find much information about them online, all I know is to keep a stack of coins next to it at all times if/when I move in. + +Anybody able to tell me a bit more about how long a pound generally lasts (I know that’s extremely subjective but a vague idea would be nice), how much one can spend in a day, if it works out more/less than modern methods? Thanks! +Hey new guys, to be frank i am a quite new myself but seeing the comments on the daily i want to share my 2 cent, everyone should feel free to criticize and share their own opinion. + +I bought some ether back in the big dip we had a couple of months ago. I bought at 7.25$, i put all the money i had for investment back then. Two days later, 5.9$. I was so so depressed, thinking i could buy like 20% more ether if i bought then. But then something magical happened. It went up and up and up, wayyy past 7.25$. then it dawned on me; i might have missed that train, if i was picky and waited for the right price. + +Last night I bought some more ether, with all the money i can afford to lose right now. Yes, it can go down even back to 8$, but i dont care. Cause there is a big bright future ahead of us, and when ether will be worth 20$ and then 50$ and then 150$, you will wish you had bought when it was 12$, 10$ or even 15$ (who da f**k cares) cause in the end of the day, the price is prone to go up more than it is to go down, eating yourself over 1 buck will seem stupid in the future, making you waste an opportunity. + +Tldr; if you plan to hodl, just buy the freakkin thing. + +JPM's Dimon rips DC:"It's almost embarrassing being an American...listening to the stupid s*** we have to deal with" +http://www.cnbc.com/2017/07/14/jpms-jamie-dimon-blows-up-at-washington-on-earnings-call.html +It's common knowledge here that the SOL network goes down frequently, gets hacked, doesn't work etc yet people still continue to invest in it. And yet again it was attacked YET AGAIN recently! If traditional banking was this flakey the government would haul it over the coals and watch it burn. + +Yet people still invest in this centralized chain. + +Litecoin for example (and I am sure there are many other examples that people can name) has had 100 percent uptime with literally no hacks or exploits, yet people instantly dismiss. + +It brings me to the conclusion that we don't really care about fundamentals in the crypto space, only juicy profits. + +So it brings me back to the original point of this post, why an earth are people investing in SOL when it is the least secure and reliable chain in crypto? + + +In my plan i need 15 doors (i have 6), but i still question if it will ever be enough? + +maybe i'm just venting, but how many small time landlord are there out there? millions probably less + +I would guess that most people on here are also small time and got there by doing the same thing bought rentals maxing out their debt income ratios and refi or other way to get equity for the next downpayment, some went on to buy a 5 plex or bigger then they hit the downpayment wall. Some even borrowed other poeples money to get what a couple more thousand a year after paying all the expenses and putting away money for future expenses. + +Then i see the big time investors, with 100+ doors and even then it dosnt seem like enough, so over all does it ever get to be enough? + +In my mind i see my 15 units (cashflowing \~7k monthly as mortgages are nearly paid off), over time i pay them down, save money buy new roofs, change windows or other big expenses (the rent increases never cover these expense either so even more debt), but in the end theirs higher rents for higher expenses and all we are doing is maintianing these buildings for the government. + +Its their land that we forever owe taxes on and give them our profits on the sale of rentals, housing workers who do as they please, while the bank always makes their money back. + +Just seems like its overall pointless, i do hold the property deed but its not mine untill 100% paid off unless somthing goes wrong then its my expense. + +Yes the properties go up and up, so what; just means more taxes and capital gains on sale. + +Currently im in the financing stages for buy that 5plex+ i was mentioning before, and the downpayment is from the equity in my current properties just feels like all my assets are debt. all this for what maybe 2k a month cashflow, maybe i would of made more keeping the downpayments as stocks, but then i wouldnt be a realestate millionair then right? + +Sure i'll get the just go buy REIT's response, well i have that as well just you need a hell lot of dividents to passivly retire on them. + +Anyone currently retired living off the cashflow? how do you really make it work ? + +Im just hopping the trick was not just to buy up all the cheap properties in the 80's. +**Background:** I achieved FI (chubbyFIRE target) two years ago in my mid-40s, working in the SF Bay Area in biotech. One year later, I handed in my employee badge and drove out of the company parking lot, almost certainly bringing my 20+ year career to an end. A few weeks later my family moved to the Central Coast of CA. Now twelve months after leaving my job, I found it a useful exercise to reflect upon what I've learned along the way. I'm hopeful that someone might find my experience useful. + +After a year I still generally avoid the term “retirement” or I place it in quotes as I’ve done here. At my age, I still think it unlikely that I’m completely done with all things that could be termed “work”. It is true that I leveraged reaching FI to step away from the only career I’ve had – and still have no intentions of going back. But it’s also entirely possible that one of the many ideas I’m exploring could turn into gainful revenue generation. Who knows? That flexibility is exactly what I was targeting with my FIRE journey. That said, I can’t imagine myself schedule-bound to an office job at someone else’s company. 🤮 It seems more likely with each day that this will continue to be the case. Right now the only thing I do that could be called "work" is pour wine one day a week at a local winery tasting room. It's super fun and that's why I'm doing it! - it's just a little fun money, really. My budget assumes no non-investment income. + +Without further ado and in no particular order… + +**Lessons learned in year one:** + +* It can be very difficult to resist the temptation to fill all your time with “stuff”. Our careers train us in this way and it takes active effort to get comfortable with anything else. But I think that having truly “free time” is **vital** to allow the creative process to happen! +* Like any big changes, leaving your career behind is an emotional roller coaster with many highs and lows. You can’t truly prepare for that, short of just being cognizant that the mental churn will happen and is **completely** normal. It’s really important to reflect on what you’re feeling. Journaling or blogging can help! (I won't self-promote here but I've found the latter **so** useful.) +* Talking openly with your partner & family is **really** important. Sharing the emotions you’re feeling helps everyone. After all, they are going through this huge change with you! Keeping it in will only create tension that helps nothing. Ask them how things are going now that you’re around so much more and see if anything needs to be adjusted. +* If your identity is tightly wrapped up in your former job as is common, it will be a **substantial** change when this is removed. Thinking about your purpose and what defines you and is important **now**, is really useful. What is your next phase of life going to be about? +* Don’t fear trying things and setting them down. This is the very heart of having the freedom to choose how to spend your time. If like me you have many interests, it’s perfectly OK to try them out only to decide “that’s enough for now” or “I don’t actually want to do this”. +* Related to the above – it’s important not to pressure yourself to find “the next thing to do”. At least in my case, this created stress in the first few months. Financial independence means that additional income – while nice, is not required. Your time is better spent exploring, from which may spring that next great idea! But don’t rush into anything hastily. +* As many will agree, it can be **really** tricky talking about FIRE and early retirement – particularly with people you’re meeting for the first time. Admittedly I often tell people I am a consultant. Yes, it’s a total cop-out, but it works before I get to know someone well. It’s worth thinking through how you will handle this in advance. You’ll get **lots** of practice, I promise you. +* The things you miss about the workplace may surprise you. Giving some thought to this before you depart may help you identify other ways to satisfy those needs – but it won’t be perfect. Again, this is just part of the emotional roller coaster that will surely come. +* Many workplace friendships are just that, and they won’t all persist after your shared work life is no longer there. COVID + moving certainly didn’t help in my case as visiting people wasn't an option and Zoom meet-ups are only so effective. But I am convinced that many relationships at work are very much tied to the workplace itself. This is perfectly OK! +* On a related point, it’s easy to under-appreciate how much socialization occurs at work. What will you do during those weekday “working hours” while your friends are busy? Finding appropriate avenues to engage with others is still really important. Clubs, civic groups, volunteering, and other means to find like-minded people is important – particularly if you relocate in retirement, as I did. Pouring wine one day a week is proving to be fun for me and plenty social! +* Lots of people make bucket lists of big and small things they intend to do once they retire. I have found since leaving the workplace that I continue to generate ideas of things I might like to do. I keep these out of sight (I use Notion) in an “idea funnel” that I revisit from time to time. It’s fun to see how my thoughts change about prioritization; there’s also no pressure to feel like it is a “to do list” that I must achieve. This subtle difference feels really good to me. +* Building skills and “making” things are **really** effective ways of continuing to challenge yourself, to keep learning, and also to feel productive. They are also great mechanisms to unearth potential business opportunities or at least new hobbies and avenues of personal entertainment. Knocking procrastinated chores off your to-do list only lasts so long! +* Just because someone is willing to pay (a lot) for your expertise doesn’t mean it’s the right thing to take on. I’m grateful to have been presented many consulting opportunities over the last year. While tempting, I’ve had to be **really** careful about not over-committing at the peril of being unable to do all the other things I want to do! These days I'm not doing any consulting at all. It just doesn't fit what I want to do presently. Be sure to choose wisely. +* The freedom gained via FIRE has proven to be **well** worth it! I love being able to choose how to spend my time. I can’t count how many times I’ve woken up with zero plans and at the end of the day realized what a fun day I had, just taking things as they come. My wife is much more spontaneous than me and I’m **finally** starting to understand the joy in this. +* On a similar point, I’m **really** excited to finally get the chance to test out our interest in longer term travel. This summer we’ll take a five-week trip to visit family and friends. Like most Americans, we’ve never been away more than two weeks on vacation. It’s a little scary, but almost entirely in a good way! + +These are merely my observations from my own experience. For sure, there is not one “right way” to do this. From talking to others in this community or elsewhere, whether in FIRE or traditional age, retirement is definitely individual. We each have our own goals, our interests, and our individual preferences. I do think many of the points herein apply broadly. But we each need to determine what is important to us and how we will spend this next phase of our life. + +I hope you’ve found this useful! It's been really helpful reflection for me. I remain incredibly grateful to be in the position I am. It is my earnest hope that in sharing my experiences I can assist others in their own journeys. Thanks to all in this sub and others from whom I learn much each day. Best wishes to you all! + +\--- + +EDIT: **Wow!** I never would have anticipated this kind of response to my post. I'm so grateful for all the kind words, questions, and feedback that have been shared. Engagement with others on the FIRE path is one of my true passions in the moment. I've so enjoyed these exchanges and I'll do my best to keep up with responses to any future comments. At the suggestion of several of you, I have created a sub for my YT channel. Please feel free to check it out if you're interested in following my continued journey. I'm very interested in helping others to the very best of my ability. Thanks! [https://www.reddit.com/r/TwoSidesOfFI/](https://www.reddit.com/r/TwoSidesOfFI/) +Edit: TLDR; This legislation directly affects Ethereum as well as all other crypto currencies/blockchain projects in the United Kingdom. By law, Ethereum's nodes must reveal all traffic at the request of the Secretary of State or their operation will be deemed **illegal**. Most notably, the Secretary of State could require '[some telecommunications operators to install permanent interception capabilities](http://www.twobirds.com/en/news/articles/2016/uk/what-the-investigatory-powers-bill-would-mean-for-your-business).' (Thanks, /u/benjaminion) + +~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + +I hate to bring politics into here, however I believe it's pertinent that I do as it affects Ethereum and more broadly speaking, cryptography as a whole (quite a large umbrella, eh?). + +If you're not aware of what I'm talking about, please read [ +Preston J. Byrne's](https://prestonbyrne.com/2015/01/13/you-cant-stop-crypto-mr-cameron/) write up on the matter and [Section 217 of the Investigatory Powers Bill](http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0143/cbill_2015-20160143_en_18.htm#pt9-ch1-pb3-l1g217) + +The UK has effectively banned end to end encryption by enforcing a backdoor in place for governing bodies to access a users data. + +> "This effective encryption backdoor mandate comes packaged as part of the Investigatory Powers Bill, which also allows for unprecedented surveillance on citizens of the United Kingdom. All customer internet activity must be logged by tech companies, such as Internet services providers, for one year and is to be provided to law enforcement agencies upon request, with no judicial oversight." [Source](https://cointelegraph.com/news/uk-bans-end-to-end-encryption-mandates-government-authority-over-encrypted-technologies) + +And for comedic effect followed by a deep, labyrinth of despair, see: [UK: 48 Government Agencies to Have Access to Your Browsing History](http://www.dailystormer.com/uk-48-government-agencies-to-have-access-to-your-browsing-history/) This covers all traffic of UK based nodes. + +~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + +If you're running a node/mining and you're located in the UK, please be careful. I suggest you obfuscate yourself immediately (See top of post, obfuscate if you don't want to reveal your nodes traffic). I know there are many people in this sub who have the skills to help with such a processes. + +Complexity and complacency go hand in hand when it comes to thought and action, and we're all harmed because of it. Make those you care about stand up for themselves, because they will not always do it alone. + +~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + +Those who expect to reap the blessings of freedom, must, like men, undergo the fatigue of supporting it. -Thomas Paine +$TRAC + +Origin trail has been around a while. Current market cap $55 M. So why is this a moonshot, well what I about about to tell you will explain if you are prepared to read for a few minutes. To cut to the chase this will be a multi billion dollar coin. + +$TRAC has been 10 years in the making. Origin trail is not a private company instead it is an open source code created by trace labs to tackle issue that have never been resolved. + +The first project I will talk about they are collaborating with will be the biggest however they have several other huge projects this combined will put exceptional price discovery on $trac. + +Origin trail have been working with GS1 for several years [https://www.gs1.org/](https://www.gs1.org/) . GS1 Are a not for profit organisation like Origin trail and trace labs. GS1 set global standards for global communication. They created the barcode, amongst other creations, in the 1970s and have been managing its global standards ever since. GS1 Are going to implement a new global standard see video - [https://youtu.be/HDqzTbzabq0](https://youtu.be/HDqzTbzabq0) . GS1 and Origin trail are creating a decentralised knowledge graph that will host every barcode item in circulation. Thats billions of products with massive amounts of transactions per day. It has not been rolled out yet however there is a big announcement on the 17th you should sign up to find more [https://liftoff.origintrail.io/](https://liftoff.origintrail.io/) This solution involves a decentralised data bank that can link every chain legacy and new to the knowledge graph. Think of it as a interoperable decentralised server that every company can tap into to log new products, enquire about products, records movements, audits, just about anything you can imagine. Oracle, SAP, Walmart, Pfizer, Pepsi, Vechain.. the list is endless, they will all use this as it will become a global standard. There has never before been a trusted way for different organisations to immediately share data with. + +So how is this going to make $trac a moonshot - GS1 Have 2 MILLION Business clients they advise, also BSI [https://www.bsigroup.com/en-GB/about-bsi/media-centre/press-releases/2019/january/bsi-partners-with-origintrail-to-develop-blockchain-enabled-solutions/](https://www.bsigroup.com/en-GB/about-bsi/media-centre/press-releases/2019/january/bsi-partners-with-origintrail-to-develop-blockchain-enabled-solutions/) will use this, they have 84,000 business clients. We are talking almost every serious company in the world. $trac will be used to pay for data enquiries ect via a fiat on ramp much like companies do to buy Oracle credits per say. This on ramp is a simple payment gateway, companies need know nothing about crypto as when they purchase data usage it is a auto market buy for $trac to pay the node runners. This will create immense buying pressure that will propel $trac regardless of bear or bull market. This will be the first truly mass adopted utility crypto. As the knowledge graph its self is not on the blockchain it can scale indefinitely. Thumbprints will be stored on chain instead. odn INFO - [https://tech.origintrail.io/protocol](https://tech.origintrail.io/protocol) . + +In all my time researching projects I believe this is the one, guaranteed mass adoption. + +And to think this is just one of the projects that Origin Trail are working with. They have been selected to help build the next generation Internet and also Parity Polkadot on their solutions. + +DYOR and join the dots. Id encourage you to do it soon as once people understand what is happening, its implications it will blast off. + +The team have over the years not pursued mass exchange listings as they know what the final goal will mean. However they discussed at a recent AMA they may list on one more reputable exchange soon. I share this with yous as yous have shared projects with me. + +&#x200B; +I work at a FAANG company in Silicon Valley. Apart from a 3 fund portfolio that I have, I want to dabble into very early stage angel investing in tech startups. I am thinking of 2-4 deals a year ($50K each). + +How does one get started? I have the money but don’t have the connection. I would be interested to know from other folks that do this regularly on how to get into this game. +I am a 41 -year-old quadriplegic and I received some money for damages. I started the portfolio with Merrill Lynch in October of 2005 and since then it has appreciated approximately 5.21% a year since then. The rate of return of the S&P 500 since October 2005 is 8.46%. I have a balance of 65% stock and 35% bonds which is invested in a mix of mutual funds, bonds funds, and ETF's. I'm wondering if I'm just better off putting it all into the S&P 500. I'm nervous to manage my money so I was thinking about index funds, but I just don't know if it's worth paying Merrill Lynch 1%. I plan to withdrawal approximately $10,000 the year for the foreseeable future. Should I continue with Merrill Lynch? Many thanks in advance. +# 🚀 Special Announcement regarding the Superstonk Daily!! 🚀 + +**Your Daily DD Dose of Superstonk is Powering UP!!** + +&#x200B; + +https://preview.redd.it/fbtemjqr2qz61.jpg?width=1080&format=pjpg&auto=webp&s=5ad88a4d1b1d342b75f43e13b4fb10d768aca8f2 + +&#x200B; + +The mod team has been working nonstop to bring you a professionally respected, verified source of information in Superstonk. The kind that gets big names like we've had on for AMAs. And to expand on that, we are growing the Superstonk Daily format to allow for more Ape voices to be heard. + +Starting tomorrow, you will see the Superstonk Daily DD, posted with its own custom, mod only flair, posted by automod at 6:00 am NYSE time every weekday (3.5 hours before open). We have devised this white-label automod system, which also serves to negate the "hero worship" that shills like to accuse apes of as a way to discredit our news source. + +Don't worry, you will still see our personalities shine through, and all articles will be properly attributed to their contributor (which we hope to include non-mod, community DDers, artists, and others in the near future!!) But this presents a more uniform presentation of the news as we continue to garner more attention and seek credibility. This isn't about awards or upvotes for a certain mod. It's not a popularity contest and we have all seen the damage that can be done if personalities get too big. We believe this adds to the trust this community has given us to be in this for the right reasons. 💪 + +For transparency's sake, the following roles have been assigned in the Superstonk Daily after deliberation among the mod team: + +u/Rensole: "Anchorman" + +u/Bye_Triangle: Editor (Assistant editor to the Editor in chief) + +u/Pinkcatsonacid: Editor in Chief + +I'm so excited to see what this new format does for this community! It has been an honor and a pleasure to serve you all every day with [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) beside me while u/Rensole took a much needed rest. Now we're ready to kick some ass! And I'm absolutely JACKED to serve you as your Editor in Chief of the new and improved Superstonk Daily. ✌ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now that we got the news out of the way.... + +# IT'S GIVEAWAY TIME!!!! 🎊🎉✨ + +&#x200B; + +[You're getting a snazzy bananya cat with the red headband just like this one!](https://preview.redd.it/7qspx9566qz61.png?width=640&format=png&auto=webp&s=94695328a8522db1d48df6feb99a86dd267e4231) + +&#x200B; + +Apes from around the world entered their funniest memes for a chance to win a Gamestop Limited Edition Bananya Cat SQUEEze Plushy, complete with red bandana, shipped anywhere in the world that USPS ships!! The community (up) voted and decided! I am currently sending the winners messages to verify their shipping information and to ensure they are eligible. I only have 3 plushies to send, but here are several of the top voted entries!! + +&#x200B; + +# 🚀🚀OUR 3 TOP VOTED MEME WINNERS!! 🚀🚀 + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# 1. u/ROCKETWAE [This masterpiece doesn't even belong among our mortal realm.](https://youtu.be/adbJ_SiOtmQ) + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# 2. u/ChuDBomB + +&#x200B; + +[u\/ChuDBomB](https://preview.redd.it/rtoi87sw8pz61.png?width=1920&format=png&auto=webp&s=5e269d7f54dd10412339b76ee126b3215e0c858c) + +&#x200B; + +[Also u\/ChuDBomB](https://preview.redd.it/dm52on4sapz61.png?width=1200&format=png&auto=webp&s=b7ea1077046387b4ce58b7b0b5bad34f7763f031) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# 3. u/StrawHatK3V [submitted this absolute knee slapper](https://en.m.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +# HONORABLE MENTIONS- + +**I have a little surprise for you too! It's not a Bananya Cat plush, but it** ***is*** **a limited edition Collectors item that was too hilarious as an alternate prize! I will be keeping it a surpise until the winners receive it and they can share with the community! I'll give you a hint, it's just a small, exotic little snack (food product).** + +# u/J5T94 + +&#x200B; + +[u\/J5T94](https://preview.redd.it/kutj1ob6cpz61.png?width=552&format=png&auto=webp&s=03e556a802ce7e3dae4f3ccdcb2538650550bd7c) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# u/MJB17- [YOU HAVE TO WATCH THIS 🤣🤣](https://www.reddit.com/r/wallstreetbets/comments/m2162a/epic_battle_today/?utm_source=share&utm_medium=web2x&context=3) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# I'm also giving custom 💎LEGENDARY MEMES😎 flairs to the entrants to commemorate this fun little snippet of history in the GME saga! + +[**This thread is seriously FULL of hilarious and creative entries!**](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?sort=top) **I strongly encourage you to scroll through, especially sorted by NEW, when you need to destress for a bit.** + +I want to say thank you again to the awesome apes that entered. Every single one. I can't wait to be rich so I can afford to send every single one of you a plushie! 🥰🥰 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Don't forget about the AMA tomorrow at 4:30 pm Eastern, Cohosted by u/dlauer and u/Jsmar18! + +&#x200B; + +[**Here's a link to the question thread, you still have time to submit questions!**](https://www.reddit.com/r/Superstonk/comments/nczgbc/official_ama_wes_christian_with_special_guest/) + +&#x200B; + +# We will also be having Lucy Komisar back for round 2 on Friday at 4:30 pm eastern! Look for details in the Superstonk Daily DD! + +&#x200B; + +https://preview.redd.it/v3aoqibm5qz61.jpg?width=600&format=pjpg&auto=webp&s=7b529496be3fdc0d33fc31a4690acbf7aa5c72a3 + +# AND DON'T FORGET TO VOTE YOUR SHARES!! + +&#x200B; + +**Peace out girl scouts ✌** +# 🚀 Special Announcement regarding the Superstonk Daily!! 🚀 + +**Your Daily DD Dose of Superstonk is Powering UP!!** + +&#x200B; + +https://preview.redd.it/fbtemjqr2qz61.jpg?width=1080&format=pjpg&auto=webp&s=5ad88a4d1b1d342b75f43e13b4fb10d768aca8f2 + +&#x200B; + +The mod team has been working nonstop to bring you a professionally respected, verified source of information in Superstonk. The kind that gets big names like we've had on for AMAs. And to expand on that, we are growing the Superstonk Daily format to allow for more Ape voices to be heard. + +Starting tomorrow, you will see the Superstonk Daily DD, posted with its own custom, mod only flair, posted by automod at 6:00 am NYSE time every weekday (3.5 hours before open). We have devised this white-label automod system, which also serves to negate the "hero worship" that shills like to accuse apes of as a way to discredit our news source. + +Don't worry, you will still see our personalities shine through, and all articles will be properly attributed to their contributor (which we hope to include non-mod, community DDers, artists, and others in the near future!!) But this presents a more uniform presentation of the news as we continue to garner more attention and seek credibility. This isn't about awards or upvotes for a certain mod. It's not a popularity contest and we have all seen the damage that can be done if personalities get too big. We believe this adds to the trust this community has given us to be in this for the right reasons. 💪 + +For transparency's sake, the following roles have been assigned in the Superstonk Daily after deliberation among the mod team: + +u/Rensole: "Anchorman" + +u/Bye_Triangle: Editor (Assistant editor to the Editor in chief) + +u/Pinkcatsonacid: Editor in Chief + +I'm so excited to see what this new format does for this community! It has been an honor and a pleasure to serve you all every day with [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) beside me while u/Rensole took a much needed rest. Now we're ready to kick some ass! And I'm absolutely JACKED to serve you as your Editor in Chief of the new and improved Superstonk Daily. ✌ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now that we got the news out of the way.... + +# IT'S GIVEAWAY TIME!!!! 🎊🎉✨ + +&#x200B; + +[You're getting a snazzy bananya cat with the red headband just like this one!](https://preview.redd.it/7qspx9566qz61.png?width=640&format=png&auto=webp&s=94695328a8522db1d48df6feb99a86dd267e4231) + +&#x200B; + +Apes from around the world entered their funniest memes for a chance to win a Gamestop Limited Edition Bananya Cat SQUEEze Plushy, complete with red bandana, shipped anywhere in the world that USPS ships!! The community (up) voted and decided! I am currently sending the winners messages to verify their shipping information and to ensure they are eligible. I only have 3 plushies to send, but here are several of the top voted entries!! + +&#x200B; + +# 🚀🚀OUR 3 TOP VOTED MEME WINNERS!! 🚀🚀 + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# 1. u/ROCKETWAE [This masterpiece doesn't even belong among our mortal realm.](https://youtu.be/adbJ_SiOtmQ) + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# 2. u/ChuDBomB + +&#x200B; + +[u\/ChuDBomB](https://preview.redd.it/rtoi87sw8pz61.png?width=1920&format=png&auto=webp&s=5e269d7f54dd10412339b76ee126b3215e0c858c) + +&#x200B; + +[Also u\/ChuDBomB](https://preview.redd.it/dm52on4sapz61.png?width=1200&format=png&auto=webp&s=b7ea1077046387b4ce58b7b0b5bad34f7763f031) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# 3. u/StrawHatK3V [submitted this absolute knee slapper](https://en.m.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +# HONORABLE MENTIONS- + +**I have a little surprise for you too! It's not a Bananya Cat plush, but it** ***is*** **a limited edition Collectors item that was too hilarious as an alternate prize! I will be keeping it a surpise until the winners receive it and they can share with the community! I'll give you a hint, it's just a small, exotic little snack (food product).** + +# u/J5T94 + +&#x200B; + +[u\/J5T94](https://preview.redd.it/kutj1ob6cpz61.png?width=552&format=png&auto=webp&s=03e556a802ce7e3dae4f3ccdcb2538650550bd7c) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# u/MJB17- [YOU HAVE TO WATCH THIS 🤣🤣](https://www.reddit.com/r/wallstreetbets/comments/m2162a/epic_battle_today/?utm_source=share&utm_medium=web2x&context=3) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# I'm also giving custom 💎LEGENDARY MEMES😎 flairs to the entrants to commemorate this fun little snippet of history in the GME saga! + +[**This thread is seriously FULL of hilarious and creative entries!**](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?sort=top) **I strongly encourage you to scroll through, especially sorted by NEW, when you need to destress for a bit.** + +I want to say thank you again to the awesome apes that entered. Every single one. I can't wait to be rich so I can afford to send every single one of you a plushie! 🥰🥰 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Don't forget about the AMA tomorrow at 4:30 pm Eastern, Cohosted by u/dlauer and u/Jsmar18! + +&#x200B; + +[**Here's a link to the question thread, you still have time to submit questions!**](https://www.reddit.com/r/Superstonk/comments/nczgbc/official_ama_wes_christian_with_special_guest/) + +&#x200B; + +# We will also be having Lucy Komisar back for round 2 on Friday at 4:30 pm eastern! Look for details in the Superstonk Daily DD! + +&#x200B; + +https://preview.redd.it/v3aoqibm5qz61.jpg?width=600&format=pjpg&auto=webp&s=7b529496be3fdc0d33fc31a4690acbf7aa5c72a3 + +# AND DON'T FORGET TO VOTE YOUR SHARES!! + +&#x200B; + +**Peace out girl scouts ✌** +I hold a small emergency fund as cash in a Vanguard ISA, mainly out of laziness as I also hold a pension there. Vanguard don't advertise what their cash interest rate is clearly (I couldn't find it anyway) so I asked, and the response was; + +>Vanguard currently pays the Bank of England base rate less 0.25%. This means that with the Bank of England rate at 3.5%, we are currently paying 3.25% interest on cash held, this accrues daily and is paid monthly to your Vanguard account in arrears. You will be able to see any interest under 'Transactions' > 'Cash statement'.All holdings in your Vanguard account are subject to our 0.15% account fee, and this includes any cash that you hold. The account fee is calculated daily and charged quarterly. + +So including the account fee you're on 3.1%, which is more than all easy access\* accounts on MSE, and it *should* go up if the BoE rate goes up again. + +\*it's not ***truly*** instant access, but I've had a deposit made to Natwest next day from cash holdings - it's much faster than if you have to sell funds which can take a few days. YMMV. + +&#x200B; + +\*\*UPDATE\*\* + +Several people have (correctly) pointed out the following from the [Vanguard FAQs here](https://www.vanguardinvestor.co.uk/need-help/answer/will-i-receive-interest-on-cash-held-in-my-isa-or-general-account); + +>We do not charge a service fee for holding your cash. Instead we currently keep up to 0.20% of any interest we receive on cash held in your account, to cover our costs of administering it. + +To me the wording implies that the 0.2% is only charged to the interest accrued. I messaged this morning to confirm asking; + +>Sorry to be particular, that's 0.2% of the \*interest only\*, not 0.2% of the overall balance? + +to which they responded + +>That is correct, on interest only, not the overall balance + +I *suspect* the service fee referred in the FAQs is the same as the ongoing charges (OCFs) charged on holding funds/investments - although I can't find any wording referring to it as a service charge - so the *account fee* still applies @ 0.15% of the *overall* holdings. + +In which case the effective interest rate becomes 3.25% - 0.15% - (3.25%\*0.2%) = 3.0935%. + +Apologies for missing that and being slightly out, but I think the point still stands. +Hello PF, + +My wife and I make a combined annual gross income of $153k ($12,758 monthly) as a corporate accountant and public school teacher. We recently purchased our first house for $487k with total monthly payments including mortgage, PMI, and escrow for insurance/taxes of $3,569. Those numbers put us roughly at 28% of our housing costs (less utilities) of our total gross. Mathematically that's falling within the general rule of thumb for housing but I'm more or less freaking out internally because we are used to paying rent of 1,100-1,300. Did we actually buy too much house or am I just having a moment with the jump in housing costs from what we are used to? The only other debt we have is a truck payment of $520 monthly. Please be frank in your responses if we screwed up. + +** edit - we are also saving 15% of our gross income in Roth IRAs and Roth 401ks, as well as maxing HSAs. Also, we have 3 months of emergency fund in a HYSA. +Unrational expectations and superstitions are not healthy for individuals, communities or groups. The time traveler type of thing for example, brings the discussion down to stupidity level. If someone is doing a research about ETH and investing and comes across that type of nonsense he or she (if they are smart) will be immediately put off by the whole concept and look at the community as a bunch of time wasting, cult minded lunatics. Same with expectations on specific dates where the price will increase. Especially with that specific date that was based on absolutely nothing apart from a developer saying mid April we will announce new partners. If you have been watching the space, mid April could mean end of May. Anyway someone came up with a date and some of the herd followed through. If you have been in crypto trading long enough you will know that price spikes cannot be predicted especially on specific dates based on nothing. I was not surprised to see a good price drop on that date because smart traders took advantage of all the buys made by irrational impulses. I hope we as a group that can influence a larger number of people use these episodes to learn and act in a more mature and intelligent way in the future and as a result, elevating the level of discussions and captivating and helping those searching for information on ETH investing. + +EDIT: Jokes are welcome of course but combined with a randomly pre-set price pump date things star to get a bit weird. Remember this is not a closed group but a public source of info for people willing to invest on the Ethereum platform, it's a better idea to keep it higher level and build up some credibility. +Good people of r/financialindependence: + +&#x200B; + +On your slow and steady journey to FI, do you ever feel a tug to take a risk when you hear about someone who built a great company (or accomplished some other great feat) relatively early in their lives? + +&#x200B; + +I'm in my late 20s with a solid net worth, and am on my way to reaching financial independence in my 30s. For those curious, I'm a midlevel associate at a large law firm. While I think I can build a nice nest egg in this profession, and eventually FIRE in a MCOL area there are certainly times when I wonder if I am dreaming too small. We live in an exciting time when new and innovative ideas (including FIRE) are being introduced and I sometimes wonder if I will look back on my youth and wonder if I should have been more courageous and tried to find my passion or impact the world on a larger scale. + +&#x200B; + +In particular, I am concerned that by the time I am FI I will be too old to take a bigger risk and am settling for a good (but not great) life. + +&#x200B; + +For those of you who have felt this way, how have you dealt with those feelings? What would you tell someone in my position? I'm especially curious to hear from those of you who are a little older and farther along the journey to FIRE. + +&#x200B; + +Thanks! +I sold CCs for CRSR July 16, 21 with a strike at $32.50. I must admit that I lost faith in the stock and I was thinking that $32.50 I was ready to sell but suddenly, you have certainly experienced it a few times, the stock goes up to reach $34 I was losing theoretically, at that time, $1.50 buy share and I didn't want to let them go at $32.50 anymore…. The point is, I didn't wait and rolled to $35 on Aug 20, 2021 for a small credit of $ 0.30(my emotions did…). My question is: should I have waited until the last minute to roll? +Hear me out. I've been doing thetagang for a while now. I pretty much only sell options and never buy them. But I never "run the wheel" like they say, and my theta plays almost never work out how I want them to: + +If I own shares and sell covered calls, one of two things always happens: the stock runs up and my gains get cancelled by the CCs. Or, the stock falls and I get a slight consolation because my CCs lost all their value. + +Same problem with CSPs. If the stock runs hard, you don't get all those gains. You just get the second prize of BTC'inc your puts for much less. Or the stock drops and you get assigned and then it just keeps falling. Congrats you are now e bagholder. And most of the time holding options makes us hang onto positions longer than we should. + +Here's the solution: stop thinking about the option and the underlying as intrinsically linked. The shares are just a requirement to open the derivative, which lets you sell time literally FOREVER. Stop worrying about the underlying and just plow ahead, hence "the bulldozer." + +For example, if you have 100 shares of AMD, you can sell an ATM CC for 5.00 two weeks out. Not a bad return on 10,600 interested. With the wheel strategy/mentality, we either sell OTM or if it goes in the money we try to roll to get it back out of money. There are two major problems with that. One, you don't get as much premium being OTM. Two, even or close-to-even rolls means you're trading your gains away for the sake of getting the options back to OTM. + +With the bulldozer, it doesn't matter. Wait till the $500 runs down on the CC. If the stock is + +1. Up: don't worry, the CC is up, but you can just do an even roll and take a decent credit + +2. Flat or down: the CC is going to zero, but it's the same thing, roll at the same strike and take a credit. + +It's the same with CSPs because the amount of collateral you need is always just the strike price of the put minus the premium. + +But going back to the AMD example, the stock rarely trades flat so what happens when it rips or dips? Basically, the farther it moves up or down reduces the amount of premium you get each time. So for example, if you keep the same strike (which is recommended for this strat), you still get a credit but it's generally lower: + +Rolling when AMD stays at 106: $500 every two weeks + +AMD dropping or rising 10%: more like $100 every two weeks. + +The wheel works great in a bull market because the underlying more often than not goes up, letting you close early, take gains, and maybe find another rising stock to play. I think for the next few months at least, there won't be clear signals on inflation, energy, supply chains etc. Stocks will bounce around a lot and volatility with remain high. Running "the bulldozer" seems like a decent way to collect premium every week while the market bounces around. More likely than not, if you run this strat for many weeks, the underlying will come back to where it was when you started or near it, and since this strat involves letting options run down to near expiry, you're likely to get a decent exit point eventually. + +I could say a lot more, but that's the idea. Curious if anyone else has tried this or thinks about some positions this way. The main risk is large moves in the underlying that limit your income from the rolls, and of course losing some money on the underlying shares/cash position. + +*Edits for clarity +# -------------------------------------------------------------------------- + +# COMPUTERSHARE / DRS MEGATHREAD IS HERE --->>>> [https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare\_megathread/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +\------------------------------------------------------------------------------------------------------------- + +What’s up Apes! + +We have an upcoming Text-Based AMA with Matthew Ball Tomorrow Wed 27th at Midday EST!! + +For those of you that don’t know Matthew is the Metaverse Writer that BCG (Poop) quoted without Citation and who Mr RC responded to on Twitter. + + + +https://preview.redd.it/nhe1lyju1vv81.png?width=895&format=png&auto=webp&s=7677161c1910dc06916cf92c18eb704f6560349d + +# A BIT MORE ABOUT MATT + +&#x200B; + +https://preview.redd.it/lwegync52vv81.png?width=1000&format=png&auto=webp&s=c80d64b401eb657e9d03b8f2e67d2d276bfb3eaa + + + +**BIOGRAPHY:** + +Matthew Ball is the Managing Partner of EpyllionCo, which operates an early stage venture fund, as well as a corporate and venture advisory arm. EpyllionCo’s portfolio includes Genvid Technologies, The Athletic, Dapper Labs, Antenna, Subspace, Dave’s Hot Chicken, Parrot Analytics, Pushkin Industries, Blaseball, Headspace, Mirror.XYZ, One More Multiverse, and many other unannounced companies. + +In addition, Matthew is a Venture Partner at Makers Fund, the world’s largest gaming venture fund by AUM, Advisor to KKR, and a co-founder of Ball Metaverse Research Partners, which creates and maintains the index behind the Roundhill Ball Metaverse ETF, which can be found on the New York Stock Exchange (Ticker: $METV). Matthew is also an “Occasional Contributor” to *The Economist.* + +From 2016-2018, Matthew served as the global Head of Strategy for Amazon Studios, and prior to that was a Director at The Chernin Group's Otter Media, a digital media investment company founded by long-time Newscorp COO and 20th Century Fox CEO Peter Chernin, and an Executive at Accenture Strategy. In the 2000s, he was a full-time forest fire fighter as part of Canada’s Ministry of Natural Resources, and issued boating licenses on behalf of the Canadian Coast Guard. + +Matthew holds bylines at *New York Times*, *The Economist,* and *Bloomberg*, and has been covered by those publications, as well as *The Atlantic, The Wall Street Journal, The New Yorker, Washington Post, Vice, The Verge, CNN, CNBC, Financial Times, BBC, Globe and Mail*, and others. + + + +**COVERAGE:** + +*“Matthew Ball returns with another awesome essay on future platforms and the battle over closed ecosystems!”* ***-*** ***Tim Sweeney, CEO and Co-Founder, Epic Games*** + +***“****I thought Matthew Ball’s essays were great, and anyone who’s trying to learn about \[the Metaverse\]… he wrote a* *nine-part piece* *on a bunch of the different aspects of what the metaverse could be, and I highly recommend all of them.”* ***-*** ***Mark Zuckerberg, CEO and Founder, Facebook*** + +*“Even Zuck\[erberg\] knows how smart Matthew Ball is”* ***-*** ***Daniel Loeb, CEO and Founder, Third Point*** + +***“****At Coinbase, our thinking about the Metaverse has been heavily influenced by venture capitalist and writer Matthew Ball”* ***-*** ***Brian Armstrong, CEO and Co-Founder, Coinbase*** + +>"\[After Matt published 'Disney-as-a-Service'\], Kevin Mayer called and said 'Hey, Bob Iger and I would like to have lunch with you'...And Iger, I’m going to paraphrase here, says 'You know, you’re an idiot.' And I’m like, 'Why is that, Bob?' And he goes, “You give away for free what we pay tens of millions of dollars a year from management consultants for.” ***- Jason Hirschhorn, as reported by Peter Kafka at Recode*** + +*“There are plenty of smart media moguls. But the smartest of them ask Matt what he thinks they should do next.” -* ***Gady Epstein, Media Editor, The Economist*** + +***“****Matthew Ball, a venture capitalist and prolific essayist”* \- **New York Times** + +*“\[Matthew Ball\] is probably the most insightful Netflix analyst out there... I never learn so much about the media business than when I’m reading \[him\]"* ***- Felix Salmon, Chief Financial Correspondent, Axios*** + +*“Matthew Ball is an essential read. His tweetstorms are a must follow and his dispatches on the state of streaming are bookmarked and deeply scrolled. He's clear eyed about the industry's faults and its potential, and few present such original thinking about media and technology. Every time I think I’ve got a grip on the business, Matthew will suggest a new thought, a curlicue of insight that makes me bang my fist on the table and wonder, Why didn’t I think of that?!”* ***- Ed Lee, Media Reporter, New York Times*** + +*“This is one of the best business articles I’ve ever read.”* ***- Mark Rein, Co-Founder, Epic Games*** + +*“I learn more from reading \[Matt’s\] deep and thoughtful analyses than I do from reading anything else. \[Matt is\] a gift to those of us in the industry who are trying to figure things out. \[He is\] my great translator and prognosticator and you make it all simple and palatable to understand.” -* ***Quentin Schaffer, EVP Comms, HBO*** + +*"We recommend Matthew Ball's take on \[Netflix’s future\]”* ***- Financial Times, Alphaville (April 2019)*** + +*"Matthew Ball is the smartest media analyst I read. And I read a lot of media analysis."* **-** ***Derek Thompson, Economics, Technology, & Media Reporter, The Atlantic*** + +*"We recommend Matthew Ball’s excellent long-read on \[Disney’s future with ‘Star Wars’\]* ***- Financial Times, Alphaville (August 2019)*** + +*"\[Matthew Ball\] is considered one of the most authoritative voices on big media business" -* ***Sara Fischer, Media Reporter, Axios*** + +&#x200B; + +If you have some questions in Advance for Matt, fire them in the comments below and we will pick a few to be answered in the AMA post tomorrow. + +Metaverse and BCG are primary topics +25M. Purposely keeping some identifying details vague for privacy. + + +I got an offer from the CEO to join a top venture backed Series B startup in the B2B space. It's for a Director level position, and would likely be around 0.25% equity at a 220M valuation. They expect a large Series C to come in the next 12 months that will push the val to higher hundreds of millions. + + +I love the team, business is pretty solid overall from my vantage point and somewhat recession resistant, and I have consulted for them for a while. Tasked with building a team and achieving aggressive business goals - it would be a stretch to accomplish and be several years of nonstop grind and stress, but would learn a lot outside my scope of work too about scaling a business. Also a pretty prestigious offer for my age that I am getting based on my performance as a consultant, likely not to get another exec offer like this. + + +My dilemma is around opportunity cost and how this will affect my path to FatFI. Goal is minimum of $5-$10M in the next decade or two, but no RE likely. + + +In my current role I have somewhat comparable liquid compensation to this opportunity for now, but my compensation will likely strongly overtake this role each year for the next few years. Now I work with some of the best startups in SV (including this new opportunity), and have access to invest as an angel in my clients alongside the top VCs as my income continues to grow. I also can mega backdoor now whereas I won't be able to at the startup. Good work/life balance and I learn a lot and have exposure to a variety of amazing people, and I am happy. + + +So the question is from a maximization of net worth standpoint - do I stick with the current opportunity where I can make high liquid comp, put $61k/yr into 401(k), and create my own equity portfolio due to access to incredibly top-tier angel/VC deals? + + +Or do I go for the concentrated equity position that I earn with my labor (not capital like I can now) which could be a decent payday in the future at $1B+ valuation, but has all of the pitfalls even if successful including but not limited to: dilution, down rounds, PTE window, buying shares/AMT, vest not accelerating upon change of control, common stock instead of preferred, worse tax treatment, and many more. + + +I have the golden ticket now to FatFI in the next decade or two which would be hard to reproduce, but I am also tempted to take a gamble on myself and this company in the hopes of accelerating FatFI to achieve it when I am much younger and try to go for ObeseFI. + + +If this company exits for $1B+ it will also put me in another write my own golden ticket scenario, and if it fails I'll be fine but likely way behind on FatFI, no golden ticket scenario, and would be lucky to FatFI by retirement. + + +My understanding is having higher liquid comp and buying equity (assuming you have an investing edge which I do) is always mathematically superior to going for the startup equity lottery ticket, even when you don't factor in risk of being concentrated in one illiquid private investment. + + +I would appreciate any feedback or thoughts on what you would do in my position to maximize NW, and if you advise going with the startup, what I should look out for contractually to protect myself. I will throw in more detail if needed in replies as long as it wouldn't be identifying. + + +Thank you all! +Conversation fees are usually around 2% and CDRs charge .6% annually, I don’t even have to use a calculator to know that a .6% drag on your return will under perform. Also just save up a decent sum and perform the Norbert Gambit to pay much less than 2%. Currency fluctuates for sure, but over the long term it evens out. Plus why wouldn’t you want some currency diversification anyway? + +These things are a rip off and CIBC is fleecing newer/uneducated investors. Change my mind. + +Edit: shouldve written “under educated” We all start somewhere, I meant no disrespect, cheers. + +Edit: I can’t for the life of me find any prospectuses on these things, anyone manage the find anything other than “promotional brochures“? +Hello, +Is there any quick calculations to assess whether you should pay off your mortgage sooner or instead make the minimum payments and invest instead? +Assume you are at the beginning of your mortgage, so there is still quite a bit to pay off. Also assume that I understand and accept the risks of investing. +Is it as simple as "if you can get a (significantly) better return than your mortgage interest rate + accounting for inflation" then invest instead? Those amortization calculators show a lot of interest to be paid by the end of the term, so I don't think it is as simple as I just made it sound. +Any help would be greatly appreciated. +Thanks! +I want to keep track of my monthly budget in a systematic manner. Please suggest some websites/apps for this. I searched online and found [https://www.mint.com/](https://www.mint.com/) but it in country, it gives options for US and Canada only. +Ok so this is very simple. + +Superstonks loves a Twitter screenshot and I understand why. They can be pithy, poignant, fun and a good place to start a conversation. Ryan Cohen uses Twitter, as does GameStop, Roaring Kitty and other legends. + +However, not all accounts are equal. And that brings us to Unusual Whales. I mention this because there has been *a lot* of posting ( from?) about them recently. + +For those of you that don’t know, here’s a quick recap… + +There were some dark days for superstonk in the not too recent past. After gme supporters were removed from Double-USB, r/gme was founded and moderators were needed. A young chap by the name of Rensole stepped up along with someone who named herself RedchessQueen99. After a rather strange debacle in that sub, they encouraged movement over to this sub, which most of us did. What we didn’t realise, is that said debacle was something of a coup organised by these two. + +Once superstonks had become the main gme subreddit, some strange behaviour began to manifest itself. Rensole (and Red) appeared to be blocking certain DD and users without cause, while simultaneously backing up some others who were less than credible. Rensole got caught for ‘price anchoring’ and repeating unverified information among other things. He was popular tho, because he wrote a daily recap, which was useful for those with limited time, or were new etc. + +However, things came to a head when Red was outed for some truly psychotic behaviour towards another mod. Rensole backed up Red, and stood beside another moderator who had been caught shilling for other stocks and was being outed for further suspicious behaviour. (This third mod was central to Reds actions it seems, but it’s too long a story for now). + +All 3 of them tried to lie and mislead their way out of this situation. All 3 of them were removed as moderators. + +Like I said, these were some dark days. (Although I admit, I laughed my ass off and was hella entertained over that ridiculous weekend). + +Why mention all of this? Why not leave it in the past? + +BECAUSE RENSOLE IS A MODERATOR ON THE UNUSUAL WHALES SUBREDDIT. + +The question arises as to how long he has been involved with them. Hell, I don’t even know who they really are, but here’s a clue regarding their reliability… + +THEY PUBLICLY PRAISED VLAD TENEV FOR HIS WORK WITH ROBINHOOD. + +If that’s not enough to make you highly suspicious at the very least, I don’t know what to tell you. + +You are an independent ape, capable of your own decisions. I don’t want to tell you what to believe or what to post - but you should have reliable information and I personally cannot believe for a moment that Unusual Whales is a friend of the apes. + +I also find the amount of posts here and the clickbait-y (and often unverifiable) style of their tweets very concerning. + +I don’t want to petition the mods to ban them because censorship is a tough decision to make and never popular. + +I’m just asking everyone to think. + +Do you really want to have a suspicious source of information become commonplace and familiar when moass starts? + +Your choice superstonk. + +🚀🚀🚀🚀🚀 +This is embarrassing to admit, but I've always had a tough time with keeping my savings untouched - I'll "borrow" money from myself whenever I've made dumb financial decisions and am suddenly almost broke + +I remembered yesterday that I still had an account at another local bank that I hadn't touched in years (there's only the bare minimum to keep it open). I don't have a debit card for it, and I thought, wait, why don't we transfer our savings to that account? That way there's no way we can spend/touch it, and transferring it to my current bank account would be a pain in the ass + +I don't know why I didn't think of this sooner, but I think it'll help me in my journey to becoming more financially responsible + +Does anyone else do this? Does it help? Any other advice would also be appreciated +First off let's premise this with I know almost nothing about finances and go from there lol. + +So the past year now I have been able to start saving more and more and have accrued 10k in savings. It's not doing anything for me. I have some other money in stocks, some in coins, etc. But besides that I know nothing. + +My wife and I were planning on moving soon but got bad news on a home loan because I am a gig worker and it doesn't look good on paper so it will be about another year or 2 before I can do that. + +So since that money is no longer going towards a down payment, the question is what semi short plans can I make to do with this money? Ideally I would like to have the money not be tied down if possible so I could move it by to my brokerage account once the market looks stable again. +As the title says, my mom's annuity manager prompted her with an investing opportunity to invest $100k into a real estate project of his to build 19 homes in South Carolina. Promising a 35% return. + +This guy knows how much my mom is worth (not a lot) given that she had to disclose all of that information when she set up her annuity (I'm honestly not entirely sure how annuities work). + +Anyway, after wavering back and forth with this discussion, he said he would take $50k, promising the same return. What questions can I ask this guy to ensure he's not taking advantage of my mom. He said he would do a promissory note to ensure the returns are met. How do we trust this guy? Is this too good to be true? + +EDIT: thank you for all the comments and concerns. I will definitely be relaying all of this to my mom. To clarify this is not tied to the annuity at all. And yes I absolutely agree that more questions need to be asked, why does he want my moms money when he can go to the bank and get a loan? Also the time horizon is about a year. +Mine is AUD/NZD. Because it has strong trends, it's risk vs risk currency, technical analysis works great and many more reasons. + +What's your favorite Forex Pair to trade at the moment? +**ONEMOON** + +ONEMOON is the **FIRST moon coin** launched on the harmony blockchain. ONEMOON was created by MOCHISWAP developers to be a deflationary currency which burns ONEMOON and HMOCHI rewarding HODLERS. 100% of the tokens were locked to a MochiSwap pool to be fully decentralized + +ONEMOON is bringing DEFI farmers over to the harmony platform and allowing users to experience $0.000·001 fees (vs ETH $.308) and 2second confirmation (vs ETH 2minute). ONEMOON is the first coin exposing large audiences to secure sharding with fast consensus and instant finality. ONEMOON is being supported by **MOCHISWAP and Harmony holders** benefit from adoption of ONEMOON. + +5% goes to existing holders of ONEMOON as rewards. 2.5% is used to create permanently locked liquidity between ONEMOON-ONE using MochiSwap LPs The remaining 2.5% is unwrapped, the ONEMOON is burned, and the ONE is used to buy hMOCHI which is also burned. + +So each ONEMOON transaction has the following outcomes:- 5% of the fee is distributed as ONEMOON to existing holders.- 2.5% of the fee is used to create permanent/irreversible locked ONE-ONEMOON liquidity- 1.25% of the fee (the unwrapped ONEMOON side) is burned. + +You can find this token on DEX[ https://one.mochiswap.io/#/swap](https://one.mochiswap.io/#/swap) + +**More information:**[ https://www.youtube.com/watch?v=JJNZZ2woglg&lc=Ugxh\_vCgC2iFiNIGD7t4AaABAg](https://www.youtube.com/watch?v=JJNZZ2woglg&lc=Ugxh_vCgC2iFiNIGD7t4AaABAg) + +**Price and Future growth** + +ONEMOON was launched 2days ago, and has a small marketcap compared to other projects which have already pumped. + +[https://onemoon.watch/](https://onemoon.watch/) See the price chart here + +As of today, ONEMOON is still in accumilation phase. Huge growth is occuring with occasional short term dips. The risk for new investors is minimal compared to other projects which have already had explosive upward moves. + +Reddit-[ https://www.reddit.com/r/onemoon/](https://www.reddit.com/r/onemoon/) **290** **Members** + +Telegram-[ https://t.me/MochiSwapONEMOON](https://t.me/MochiSwapONEMOON) **870 Members** + +**ONEMOON usecase:** + +ONEMOON is taking marketing into its own hands. Harmony ONE is a incredibly robust and developed platform.[ https://www.harmony.one/](https://www.harmony.one/) + +ONEMOON will bring users onto the harmony platform, and use the hype to showcase the incredible technology has. ONEMOON is also used to burn HMOCHI farming tokens, incentivising users to experiment with harmony DEFI free from high ETH fees. + +**How to purchase** + +[https://one.mochiswap.io/#/](https://one.mochiswap.io/#/) + +[**https://www.youtube.com/watch?v=PuIHvHvFzcU&t**](https://www.youtube.com/watch?v=PuIHvHvFzcU&t=1s) + +Buy One Harmony on a Exchange (Kucoin, Binance) + +1. Add Harmony network to Metamask wallet[ Metamask - Harmony](https://docs.harmony.one/home/network/wallets/browser-extensions-wallets/metamask-wallet) +2. Transfer your ONE to metamask to get your ONE address copy Your 0x address from metamask and paste it into[ Explorer | Harmony](https://explorer.harmony.one/#/) +3. Now go to mochi swap and buy Onemoon using ONE harmony[ MochiSwap](https://one.mochiswap.io/#/swap) (12%Slippage) + +Token Address: 0xCB35e4945c7F463c5CCBE3BF9f0389ab9321248F +\*I'm a dude, He's a dude, She's a dude, We're all dudes HEY!\* + +Oh! Welcome to Good Burger home of The Good Burger can i take ya orrder? Dude. We gotta talk about this stress test! Remember, back in March before the Quad Witching :( R.I.P. that it was a pretty big deal and we had hoped it was gonna light the boosters? Well, I know i forgot about it until reading about the new required $1 TRILLION Net Capital Requirement for all DFAST firms. Lets kick it together for a bit and lemme talk to ya. Its....well something. + +# TLDR: Fed tells 23 Banks "No Bailout. Eff you, brew coffee at home." + +\*Note: There were 2 specific types of tests. One being Baseline and the other being Severely Adverse. For the sake of our beloved GME and her -Beta....this is the big owie. + +So!! Im gonna hop out the Strawberry Milkshake Jacuzzi and break this down real quick. + +https://preview.redd.it/pl7plqyceqf71.png?width=2346&format=png&auto=webp&s=0baccb0e78992038910a29661d9d69650b96f222 + +^(Also remember i have NO FUCKING CLUE wtf im talking about! So this whole thing should be added upon and dissected and if its not up to par...well you can type so you do it next time <3) + +^(-----------------------------------------------------------------------------------------------------------------------------------------------------) + +# Stress Test. + +Think of it as a Madden 21 Season Sim...they Sim an EXTREME market event and base it over 9 quarters. (Thats 2 years and 3 months, I can smell the smoke from your ears from here. Dont hurt yourself <3) + +So i copied this directly from The Fed: [https://www.federalreserve.gov/publications/2021-june-dodd-frank-act-stress-test-supervisory-scenarios.htm](https://www.federalreserve.gov/publications/2021-june-dodd-frank-act-stress-test-supervisory-scenarios.htm) + +>These scenarios were developed using the approach described in the Board's Policy Statement on the Scenario Design Framework for Stress Testing.[10](https://www.federalreserve.gov/publications/2021-june-dodd-frank-act-stress-test-supervisory-scenarios.htm#f10) The severely adverse scenario is **not a forecast but rather a hypothetical scenario** designed to assess the strength of banking organizations and their resilience to an unfavorable economic environment. +> +>The DFAST 2021 supervisory scenarios include trajectories for 28 variables. These include 16 variables that capture economic activity, asset prices, and interest rates in the U.S. economy and financial markets, and an additional three variables (real GDP growth, inflation, and the U.S./foreign currency exchange rate) for each of four foreign country blocs. +> +>In 2021, the Federal Reserve applied a global market shock to the trading and private equity portfolios of 10 firms with large trading exposures and a largest counterparty default (LCPD) scenario component to 12 firms with substantial trading, processing, or custodial operations (see "[Global Market Shock and Counterparty Default Components](https://www.federalreserve.gov/publications/2021-june-dodd-frank-act-stress-test-supervisory-scenarios.htm#xsubsection-164-ca57c66c)"). + +Ok. Pretty self explanatory, but Kev, WTF is DFAST? Glad you asked ape! + +[DFAST the 23 largest banks. This is kinda a spoiler but Im already typing too much and i aint bout to type em all out for the sake of surprise. Dey Fukt ](https://preview.redd.it/5mfcc6aqfqf71.png?width=2671&format=png&auto=webp&s=30b92f606c9ea495be7fc61f80de340ab03c54e8) + +Well...not all are fukt...some...a couple...well we will see really. IMO yes, its big to know who to buy Puts on, but...GME gets my dollars and Fidelity \*gush\* I Love You Bae! Also...I think in this instance WHICH I COULD BE WRONG! talking about the players is the symptoms and not the disease. + +# The Disease. + +&#x200B; + +[Dems some big ole pie pieces.....](https://preview.redd.it/46jubjc7hqf71.png?width=1501&format=png&auto=webp&s=3f47a6ed31ce52f1fe8aae1cb8e283e55e8f3b01) + +Here we see what all 23 are at risk of losing where. Its a collective the Billions they stand to lose if this "Severe" scenario was to pan out. Thats Pre-Provision Net Revenue or PPNR. The PPNR is defined as: + +>PPNR projections **are driven by the shape of the yield curve, the path of asset prices, equity market volatility, and measures of economic activity in the severely adverse scenario**. In addition, PPNR projections incorporate expenses stemming from estimates of elevated levels of losses from operational-risk events such as fraud, employee lawsuits, litigation-related expenses, or computer system or other operating disruptions.[45](https://www.federalreserve.gov/publications/2021-june-dodd-frank-act-stress-test-supervisory-stress-test-results-severeley-adverse-scenario.htm#f45) In the aggregate for the 23 firms, operational-risk losses are $151 billion for DFAST 2021. This amount is slightly higher than the $136 billion projected for the same set of firms in DFAST 2020. + +Cool! With the way the market is "Frothy" right now, it makes sense to have a couple extra dollars in the kitty. Better play it smart right? + +[Across ALL 23 firms...if this scenario plays out..$-34.4B. Uh wha?!?!?! Note this is before taxes. \*Is this meant to be taken as a +$34.4B since its before because....](https://preview.redd.it/d51mg5sqmqf71.png?width=2657&format=png&auto=webp&s=dedae07291bf14422af80fd2db5716bf182dfe45) + +[Im going to assume this is AFTER taxes...and One should not be net positive after paying taxes ](https://preview.redd.it/mnq89uxapqf71.png?width=2667&format=png&auto=webp&s=90020ccd4d1b7113b29555efe30c0ecf99009841) + +Needless to say....The Fed is saying "Yo! Dawg!!! You better habe enough capital to not only deal with these losses, but to not only continue business as usual, but have a metric shit ton of capital in reserve because the Roomba is about to track dog shit ALL through the house and you are NOT getting bailed out again!" + +I dont support The Fed. Boy do i have some strong opinions about them, but like B-holes...everyone has one and they all stink. I could go super deep into explaining, but apes dont read, ergo the pretty pictures with all our favorite names on them. I'm going to leave one last chart.... + +&#x200B; + +[I didnt graduate....](https://preview.redd.it/f4m78xkvqqf71.png?width=1350&format=png&auto=webp&s=443dce11df5a387fefb721d08cc63cf7e838f6ac) + +Full Results: [https://www.federalreserve.gov/publications/2021-june-dodd-frank-act-stress-test-supervisory-stress-test-results-severeley-adverse-scenario.htm](https://www.federalreserve.gov/publications/2021-june-dodd-frank-act-stress-test-supervisory-stress-test-results-severeley-adverse-scenario.htm) + +\*please keep in mind I wanted to keep this as short as possible + +&#x200B; + +EDIT: Was asked about current Capital Requirements: + + + +**(1)** A national [bank](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=1b4e13db0fedfcf4130540b3d34ef442&term_occur=999&term_src=Title:12:Chapter:I:Part:3:Subpart:B:3.10) or [Federal savings association](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=6cd390d0cb51a795dc83981df8eb4129&term_occur=999&term_src=Title:12:Chapter:I:Part:3:Subpart:B:3.10) must maintain the following minimum capital ratios: + +**(i)** A common equity tier 1 capital ratio of 4.5 percent. + +**(ii)** A tier 1 capital ratio of 6 percent. + +**(iii)** A [total capital](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=59c1565c093378a0ad6d8caf451b2a87&term_occur=999&term_src=Title:12:Chapter:I:Part:3:Subpart:B:3.10) ratio of 8 percent. + +**(iv)** A leverage ratio of 4 percent. + +[https://www.law.cornell.edu/cfr/text/12/3.10](https://www.law.cornell.edu/cfr/text/12/3.10) + +F in the chat +I started investing recently, and after some research, decided to pretty much go all in on index funds. 90% of my investments are in XEQT at the moment, with the rest being in ENB and BAM.A. Since XEQT is already so inclusive, I'm wondering, is it worth it to divert some funds into reputable, blue chip Canadian stocks that pay out dividends? For reference, my horizon is around 20-25 years. + +Thoughts? And if so, what are some good options to supplement XEQT? +Seems something is definitely brewing…. First, we have Ken G breaking his silence via Twitter, next we have Kenny doing numerous PR stunts and interviews trying to project a cool/calm demeanor that everything is a-ok… and now we have updated client terms limiting withdrawals and/or paying a fee… In my humble opinion this move speaks volumes. Citadel is clearly worried about something whether it be their current financial state or their future financial condition. Year end (YE) reporting is here and if they’ve been successful padding accruals for quarter end reports (or maybe not exactly being forthcoming in previous communications with their investors about exposure or estimated returns), this maybe a hint that YE financials might be ugly… but then again, they might just be preparing for fallout due to an imminent crash… either way, they are bracing for impact. + +Edit 1: forgot to add that it’s been reported that Citadel recently cut multiple portfolio managers as well as a portion or entire global fixed income arm… sure sounds like citadel is working on cutting expenses which additionally supports the above theory.. +# UPDATED THURSDAY, AUGUST 26, 2021 + +\*\*\* + +All TLDR’s are mine unless otherwise cited. Nothing here is written by a Financial Advisor nor is anyone cited a FA. + +Here is some wrinkle cream for all the wrinkles you're gonna get + +&#x200B; + +[No, I will not add a caption.](https://preview.redd.it/9qr1h1c3olj71.png?width=634&format=png&auto=webp&s=8fa36b47f3f2f246fdff4467a2fcabb1baf11914) + +**Vocabulary** + +**Call:** Betting the stock price will go up.**Dark pool:** Large volume stock trades done outside of the NYSE by SHF’s and big Market Makers. They do not have to report anything. Ever wonder why GME buys increase, but the price stays the same? This is because your share is likely being routed through the dark pool and dark pool trades have little effect on the stock price.**Derivatives:** Basically, a catch-all term for investing money in ways other than a straight cash buy (options, futures, etc.).**ETF:** Exchange-traded funds. A group of stocks from the same industry rolled into one stock. The price depends on what the individual stocks do out in the wild.**Equity Index Futures:** Like ETF’s but for futures contracts.**FTD:** Failure to deliver. When you borrow a stock and the guy wants it back, but you can’t do it.**Futures:** Betting on a commodity (corn, coffee, lumber)**GDP:** Gross Domestic Product. The total $ for all goods and services made in America.**Going Long:** Holding a stock for a **long** time (year or more) betting the price will go up. **Institutional Investor:** All the big banks and financial firms CNBC talks about.**ITM:** In the money.**Market Maker (MM):** Powerful firms your Broker uses to act as a conduit to execute every trade. Citadel is the largest MM for Retailers and BlackRock dominates ETF’s.**MOASS**: Mother of all short squeezes. Will only happen once because there’s never been anything like GME and there will not be anything like GME ever again.**OTM:** Out of the money.**Puts:** Betting a stock price will go down.**Selling Short:** Holding a stock for a **short** time betting the price will go down.**SHF:** Short Hedge Funds**Short Interest:** The % of people that are shorting a stock. + +\*\*\* + +\# Table of Contents + +\## Newest first + +🔴Update to my Update about Deep ITM puts being used to hide short interest. August 25, 2021 By: u/MacAttack218 + +🔴The price movement on today was PREDICTED A MONTH AGO! July 23 and August 23, 2021 By u/Minimal\_Effort\_73 + +🔴The Puzzle Pieces of The Theory of Everything. August 23, 2021 By u/Criand + +🔴Found Equity Total Return Swap (ETRS) involving GameStop. August 21, 2021 By u/Kidnap + +🔴New data shows that SHFs lost their last stand with the Feb price drop. August 20, 2021 By u/Hhshdjslaksvvshshjs (Can I buy a vowel?) + +🔴Are futures or swaps the secret sauce to price movements? August 12, 2021 By u/Criand + +🔴DARKPOOL use by TOP 4 BANKS NOW 61.8% in Q1 2021. August 10, 2021 By u/bossblunts + +🔴Will The Real GME BBEMG Please Stand Up; Part 1. August 2, 2021 by u/Slyver12 + +🔴I think I figured out the shorting algorithm June 2021 by u/PWNWTFBBQ + +\*\*\* + +\## [Update to my Update about Deep ITM puts being used to hide short interest and explain why we saw large blocks of Deep ITM puts being bought yesterday.](https://www.reddit.com/r/Superstonk/comments/pbc00c/update_to_my_update_about_deep_itm_puts_being/) + +By: [u/MacAttack218](https://www.reddit.com/user/MacAttack218/) + +August 25, 2021 + +**TL;DR** The goal of the SHF’s is to never have to cover their GME short positions. Assuming you read the vocab list, MM’s are using all kinds of unethical trading practices to prevent FTD’s. A FTD would activate the MOASS. The number of FTD’s currently in a holding pattern that should’ve been over and done with months ago is beyond anything we can imagine. + +During GME’s recent run-up, deep OTM puts were bought. Meaning, the situation is so bad for the SHF’s, their algorithm threw in the towel. + +\*\*\* + +\## [**The price movement on today was PREDICTED A MONTH AGO! The post also shows what is coming!**](https://www.reddit.com/r/DDintoGME/comments/pasodm/the_price_movement_on_today_was_predicted_a_month/) \-and- [**Speculation on the consequences of the expiration of the july 16 OTM puts: Another run up to 350?**](https://www.reddit.com/r/DDintoGME/comments/ok0oew/speculation_on_the_consequences_of_the_expiration/) + +By u/Minimal_Effort_73 + +July 23 and August 23, 2021 (When GME had a huge runup) + +**TL;DR (written by author)** OTM Puts expiring on July 16th 2021 might cause another run up to $350, starting on 2021-08-24 peaking on 2021-09-07… Also, don't you dare daytrade cause MOASS might occur at any point. + +\*\*\* + +\## [**The Puzzle Pieces of Quarterly Movements, Equity Total Return Swaps, DOOMPs, ITM CALLs, Short Interest, and Futures Roll Periods. Or, "The Theory of Everything".**](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) + +By u/Criand + +August 23, 2021 + +**TL;DR** Pretty much any trading instrument that isn’t a straight up cash buy of GME by Market Makers is being abused to suppress the price. Total return swap is different than the Credit Swap in the previous TL;DR. + +In ape language, here’s a “Total Stock Swap” example: + +* Me, the Investor, leases you two bananas 🍌 🍌 +* You make bananas valuable by planting bananas trees from them (they’re actually herbs, but for example’s sake, they’re 🌳) +* When I want the bananas back, I get the bananas and all the banana trees. + +This DD reminds me of this GG Tweet... + +[Pop Quiz! Is GG right or wrong?](https://preview.redd.it/pz94mt5p9rj71.jpg?width=800&format=pjpg&auto=webp&s=9bc88310c075e1a4cade70f59d31f0aef9f7e265) + +Did you see GG’s passive aggressive tweet defining the “spirit of the law?” He said, “The spirit of the law is about protecting investors.” However, given what the “spirit of the law" means, that is NOT in a Retailer’s best interest. See, there’s the “spirit of the law” and the “letter of the law.” The “spirit of the law” is where a judge can interpret the law with relative discretion. The “Letter of the law” is when a judge or whomever sticks to the book. Criand’s DD tells me that they’re clearly applying the spirit of the law to MM’s which works in their favor, but not ours. + +\*\*\* + +\## [**Found Equity Total Return Swap (ETRS) involving GameStop, JPM & Nationwide Insurance.**](https://www.reddit.com/r/DDintoGME/comments/p9iz74/found_equity_total_return_swap_etrs_involving/) + +By u/Kidnap + +August 21, 2021 + +**TL;DR** Potentially unearthed what Melvin actually did when they said “We closed our \[GME\] positions.” Ape that writes computer code extracted a list of SHF filings having to do with ETF’s. However, filings for ETF’s with GME in them are missing. So for now, some filings=*x*. + +Just as I thought I was done reading, Ape coder discovers flagrant overlending by Investco. Based in the douchiest Chicago suburb, Investco aka “bag of shit” as Ape Coder put it, have lots of money to lend. The correlation was made between Investco’s overlending and the date Robinhood hid the BUY button. + +Ape suggests clicking on the links in an incognito window. + +\*\*\* + +\## [**\[Deep DD\] new data shows that SHFs lost their last stand with the Feb price drop because apes took over trading GME and now hold, maybe, 100 million MORE shares since Jan. (The price is wrong, just buy and hold, and hedgies are fuk.)**](https://www.reddit.com/r/Superstonk/comments/p85ae3/deep_dd_new_data_shows_that_shfs_lost_their_last/) + +By u/Hhshdjslaksvvshshjs (Can I buy a vowel?) + +August 20, 2021 + +**TL;DR (written by author)** This is the whole ball game, right here – this should have your tits totally jacked because that trend going up is apes buying and holding. Using odd lot data from the NYSE TAQ you can see how retail investors overran GME. At the end of last year about 37% of trades were small retail orders in odd lots (under 100 shares), now an average of around 87% of GME trades are odd lots. I claim that this is driven by the general lack of liquidity and the fact that apes just keep buying more and more GME. Apes are the ones making most of the moves in GME and when you tabulate the net total increase in shares, apes could easily have bought (and held) 100 million more shares since Jan. + +**TL;DR** Normal apes can’t afford to buy big barrels of bananas, so to see how much apes are buying we should count up the numbers buying small bunches of bananas. Since January the number of small bunches being traded has gone into the treetops. After estimating how many apes are trying to buy bananas rather than sell bananas, it seems that apes have accumulated maybe 100 million bananas since January. + +\*\*\* + +\## [**Are futures or swaps the secret sauce to price movements? Meme stocks move in baskets. Futures can be opened on baskets, which can be rolled out before four major expiration dates: March 11, June 10, September 9, December 9. Rolling out REQUIRES losses on**](https://www.reddit.com/r/DDintoGME/comments/p37dim/are_futures_or_swaps_the_secret_sauce_to_price/) + +By u/Criand + +August 12, 2021 + +**TL;DR (written by Author)** Futures and stock swaps could be manipulating GME’s and other stocks’ non-conventional price movement. + +**TL;DR (by me)** Complimentary to u/PWNWTFBBQ's DD below. If you're into date setting, just don't. However, I cannot imagine this practice—in its most corrupt form—to be sustainable for very much longer. The SHF's should make peace with their God like, now. + +\*\*\* + +\## [**DARKPOOL use by TOP 4 BANKS NOW 61.8% in Q1 2021. Credit Default Swaps are up 3,437 %. $ 168,217,422,000,000 TRILLION IN UNREALIZED LOSSES IN DERIVATIVES ALONE NOT INCLUDING Naked Shorts, Synthetic Shares, FTD's & MORE! CBO Admits, inflation and GDP to "surpass its maximum sustainable...**](https://www.reddit.com/r/DDintoGME/comments/p26bni/darkpool_use_by_top_4_banks_increased_382_in_q1/) + +By u/bossblunts + +August 10, 2021 + +Bossblunts writes in big, Grandma-approved letters that this was his worst nightmare. I believe him because he proceeds to buys calls on his Therapist with a $65 strike price. DD is broken up into seven parts. + +**TL;DR PART 1** + +Boss starts off with how everything’s f\*cked. By golly he’s not kidding. It’s a rough read if you enjoy economic prosperity. + +**TL;DR PART 2** + +Foreboding numbers of an economic bloodbath. Loss of income, savings, and increased expenses for the average American. Nickelback has a better reputation in the music industry than the USD has in finance. Nothing is real. GME is our only friend. + +**TL;DR PART 3** + +Economic horror show continues. The Congressional Budget Office (CBO) says America will reach maximum sustainable level of GDP by the end of 2021. However, they’re optimistic that unemployment will decrease. In the same breath, they said the market is FUBAR (F\*cked Up Beyond All Repair) and will probably crash. + +**TL;DR PART 4** + +A plan to manage America’s debt ceiling is f\*ckity f\*ck, f\*ck f\*cked. The same CBO that said unemployment will decrease says we will soon exhaust all “extraordinary measures” to keep America from defaulting on its debt for the first time in history. + +**TL;DR PART 5** + +The bubble from past stimmy payments already popped and the gov’t is trying to make up for it daily. Basically, what the SHF’s are to GME the Gov’t is to the USD. + +**TL;DR PART 6** + +The Office of the Comptroller of the Currency vomits a word salad that when decoded, says over 60% of JP Morgan, Bank of America, Citibank, and Goldman Sachs’ stock is traded in the dark pools. Dark pools are a whore house where derivatives are traded at arbitrary prices with no oversight and has little affect on share price. + +FYI Plot twist! These same banks work the Fed’s Trading Desk! + +Boss figures out the total derivatives liabilities is $189,000,000,000,000 (trillion). I’m sure this has moved many of you to raise your floor. + +**TL;DR PART 7** (LAST ONE 🥵) + +Summarizes the collapse of America and other fallout scenarios we are headed toward. + +\*\*\* + +[Will The Real GME BBEMG Please Stand Up; Part 1: FINKLE IS EINHORN](https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/) + +August 2, 2021 by [u/Slyver12](https://www.reddit.com/user/Slyver12/) + +**TL;DR** Kudos to Sly for investigating this without losing his ever-loving wrinkled mind! Sly breaks apart brick-by-brick what all the Institutional investors (big banks) involved in GME have in common. Every bank is a majority owner of another. For example, the majority owner of BlackRock is Merrill Lynch. Merrill Lynch is owned by Bank of America and down the rabbit hole you go 🌀. There are troubling implications that extend beyond the scope of GME. + +\*\*\* + +[I think I figured out the shorting algorithm](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/) + +June 2021 by u/PWNWTFBBQ + +**TL;DR** BBQ Ape proves she figured out the SHF’s algorithm (instructions for a computer to perform tasks automatically). Ape measured GME’s momentum over time (called Relative Rate of Change \[ROC\]). The change is anything but relative! GME’s movement as DD Ape puts it, is “EXACTLY THE FUCKING SAME.” It’s too perfect for a human to have done it. + +Useful lesson included about how candlesticks work. + +**Added wow:** BBQ Ape posts picture of GameStop Lego store on the moon and the graffiti stock chart shows the same price movement. Simulation confirmed 😵 + +\*\*\* + +Thank you for all awards and encouragement! If you have any questions about the DD, please do not hestiate to ask. +Yo. This is maybe the weirdest thing ever, but I am the original creator of the baby that was plagiarized for your old logo which I guess was recently changed. I'm currently quarantined like everyone else so I figure now's as good a time as any to meet n greet and what not. AMA. + +If you're not aware, the basis for your (old) logo came from an educational animation I made 8 years ago for TedEd, about moles. Here it is: [How big is a mole?](https://www.youtube.com/watch?v=TEl4jeETVmg) (the relevant drawing can be found around the 3:20 mark). Also, here is a [gif.](https://media.giphy.com/media/Y0O9TgOM9hoBy/giphy.gif) + +[and here's proof if you care i guess.](https://imgur.com/a/PwuxN4Y) + +I came across this sub randomly while scrolling years ago and basically did a double take, since the logo (with hair and different color suit) was not drawn by me, it was pretty clearly copied from the TedEd animation and I recognized it anyway. I had no idea what to do with the information that an old piece of art I made was plagiarized and being used for a logo of a sub whose purpose I can't quite understand, so I just kept it to myself as a weird thing that happened. + +Someone alerted me to the fact that the logo has recently been changed, and tbh I was kinda bummed lol. I feel compelled to state that legally I don't own the original artwork, that would be TedEd, so if it was flagged for copyright I can't help you. but if it were up to me you'd have my blessing. +Been trying to make sense of tax-harvesting to grab the 1-lakh LTCG tax break on my equity investments. And then I came across with this [piece of advise](https://www.valueresearchonline.com/stories/47647/does-tax-harvesting-make-a-difference/) from VR. It says: + +Not enough tax break... + +> regardless of the amount invested and the growth in investment value, the savings with tax-harvesting would always be restricted. In any given year, the maximum tax that one can save is limited to 10 per cent (the LTCG tax rate) of Rs 1,00,000 (the exempt limit from the LTCG tax), i.e., Rs 10,000. Effectively, the total gains would be limited to this value multiplied by the total duration of your investment. + +The problem of having huge amount in your bank account to facilitate it + +> To maintain continuity of investments, you will need to reinvest in equity funds as soon as you redeem the older units for tax-harvesting. This will require you to maintain a fat balance in your bank account in order to make the buy transaction. After all, the redemption proceeds from the selling of units will be credited to your bank account only on the third day after the transaction. + +Conclusion + +> For a small investor with humble contributions as the one in our example, the extra earning is just about 3.17 per cent of the total accumulation, that too over a significantly long period. For a bigger investor, the savings will be even smaller, rendering the whole affair pointless. + +I tend to agree with this analysis. what's this sub's take on tax-harvesting? +"To rent or to buy, that is the question: +Whether 'tis Nobler in the mind to suffer +The Slings and Arrows of outrageous financial independence, +Or to take arms against a sea of risky home ownership..." + +The question of rent vs buy comes up in the arena of FI so often, that I thought it could be helpful to bring together a few links. Making good decisions regarding housing can great accelerate Financial Indepedence; and a bad decision can be hard to overcome. I have a couple of my favorite links below, but I bet there are more out there. If you know of any high quality resources, please list them in the comments. + +[Why Your House is a Terrible Investment](http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/) + +JL Collins' post on home ownership was my first foray into questioning commonly held beliefs on personal finance and real estate. He lists a lot of reasons why buying a house is really a bad investment. This is a classic. + +[Renting vs. Buying: The True Cost of Home Ownership](http://www.caniretireyet.com/renting-vs-buying-true-cost-home-ownership/) +Darrow Kirkpatrick is an excellent writer and his blog has been very useful to me. He lived in his Tennessee home for over a decade, retired, sold his home, then moved to a rental. He kept meticulous records and is able to break down his true cost. + +[Home Ownership: A Retrospective and Beyond](http://livingafi.com/2015/12/18/home-ownership-a-retrospective-and-beyond/) + +Dr. Doom is a favorite around these parts, and for good reason. He is a joy to read; if you haven't seen this blog you need to. After he retired, him and his wife sold their home. He details the process very well. He states that for him, home ownership was definitely worth it. And then he moves to a rental, but qualifying for a rental without a job, even if you have a big pile of money invested, requires a few more steps. + +[Renting is Throwing Money Away, Right?](http://affordanything.com/2015/11/24/is-renting-better-than-buying-should-i-rent-or-buy/) + +Paula Pant writes a very detailed post on the topic. She lists several oft touted arguments for home ownership, then lists reasons why those arguments aren't always true. The portion on price-to-rent ratio was my favorite. + +[NYT Rent v Buy Calculator](http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0) +One of the gold standard calculators in determining the costs of renting v buying. + + + + + + +Starting to care less and less about chasing money and more about my work life balance. Open to seeing how many people work 4 days a week and what the roles are for some inspiration. Did you take a big pay cut getting 4 days? Is work life better than before? Interested to find out. At this point I’d leave low level banking to become a barista bro if it meant I could enjoy life. +So ive posted on here about my debts in the past and after being paid today I can finally say i've paid them all off and i'm officially in the black - and never to return! + +&#x200B; + +I graduated in 2016 with two student overdrafts, one at 1K and one at 2K. I also had a credit card with what seemed like a constant balance of 500. + +&#x200B; + +Since 2016, i firstly managed to pay the 1k overdraft off as this was turning into a graduate account the fastest. + +&#x200B; + +In 2017 I moved to London which meant my salary went way up but so did my outgoings. Similarly in 2018 i went back to University for a year to become fully qualified in my field. I paid 2k out my salary for it and my work contributed 1k. I was struggling to pay back my overdraft with my reduced salary. + +&#x200B; + +I managed to scrimp and save during this year and get to within a few 100pounds of clearing the overdraft. I then quit my job and left London, meaning I had to pay back my firms contribution of 1k. (effectively adding to my debt!). So my last few months I havent contributed anything towards my overdraft while this gets paid off (its taken as part of my salary). + +&#x200B; + +Today I was paid both by my new job and I got my flat deposit back. The flat deposit wiped out the credit card bill and now i'm living with my parents i was able to pay the last few hundred onto my overdraft, meaning for the first time since taking that student overdraft out in 2010 I am debt free. + +&#x200B; + +And i'm staying that way! +3 weeks running and the team at MAD are still out their doin the thing. Multiple Charity partnerships. They're hitting Bitcoin 2021 to rep Make A Difference Token this week. Multiple marketing campaigns to jump off imminently. MAD-EX exchange is hitting the mainnet by the end of July. This one is a \*hold\* in my opinion. You really can't find a better project at a marketcap this low. They're knocking off checkmarks on their roadmap left and right! + +❣️ Low market cap + +❣️ Fully doxxed crew + +❣️ Detailed roadmap and white paper + +❣️ Complete transparency + +❣️ Direct partnerships with multiple charities + +Thing's to look out for : + +💕 more MAD donations to partnered charities + +💞 They're own decentralized exchange (MADex) + +💗 Direct partnerships with some of the largest and influential charities world wide. + +Get in before we blast off into another universe! + +📃 Site/white paper: [https://MADToken.org](https://madtoken.org/) + +💌 Telegram: [https://t.me/madcharitytoken](https://t.me/madcharitytoken) + +💸 Buy on Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4D5eCA1e4FE912904544043feCEB6858DDd3d866](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4D5eCA1e4FE912904544043feCEB6858DDd3d866) +🚀🐩Welcome fellow future POODLers!🐩🚀 + +Saw that there has not been an article in some days and wanna show you guys that POODL is still alive and growing from day to day! Come join the best meme community you will meet! + +&#x200B; + +🐩**What is $POODL?🐩** + +$POODL is a meme coin, everyone telling you something different is wrong. There is no underlying technology or project that is going to change the world in $POODL. This means $POODL’s value, like $DOGE or $HOGE, stems from the culture it is creating and the community it can rally around itself. But new developers on the team are already thinking about different ideas to give this token a real use case, like a social platform for memes, where you can use and share memes of other people for some tokens etc.! + +&#x200B; + +💰**Tokenomics**💰 + +$POODL is an ERC20-token based on the Ethereum blockchain. $POODL had 100,000,000,000,000 tokens as original supply: + +* 95% of provided liquidity is locked and will be relocked before the locking expires +* 1% of every transaction is permanently burned +* 1% of every transaction is automatically redistributed to all holders of $POODL token depending on the amount they have + +This means every time $POODL is bought or sold, your amount of $POODL will grow while the total amount of $POODL tokens existing will become less and less. Combined with the high gas fees for Uniswap, this has so far given the investors strong reasons to HODL their tokens. + +Right now, **88,210,959,231,599** tokens are left, which means more than **11,5% of all tokens are already burned!** + +&#x200B; + +🚀\*\*Why should I invest in $POODL?\*\*🚀 + +💰 The community drive has proven to be the strongest aspect of $POODL, creating the opportunity for everyone to actively decide the worth of the coin and distribute their abilities towards the project. The website is developed by a member of the community, logo and other art, marketing etc. Everything is done by the community for the community! + +💰 $POODL launched its first **official NFTs** and already has its own luxurious jewelry collection made by **Partsof4**! That is a first in the meme coin universe as far as I know! + +💰 **$POODL is listed on WhiteBit and will be listed on another exchange in the near future.** While only having a fraction of the MC of SafeMoon, POODL got listed much faster on it's first exchange, because everyone is working and helping, not just the admins! + +💰 **$POODL is partnering with Canines for Disabled Kids!** This awesome charity raises awareness for the use of service dogs to help disabled children becoming more independent! All the paperwork isfiled and the donation wallet will be open any day! Let's give something back! + +💰 **$POODL is getting worldwide attention!** Famous UK Rapper Young Adz (750k follower on IG) and US Rapper Hi-REZ (2 Mio follower on youtube) already tweeted about the coin, Big Man Tyrone made announcement videos about the WhiteBit listing and there is a constant wave of marketing coming to promote $POODL and bring it to those, who would not hear from it otherwise! + +&#x200B; + +In summary, $POODL is now 3 weeks old and didn't get rugged or was abandoned and left to die like everyone feared. Instead, the admins are working harder and harder, constantly updating the website (new meme generator, resources, look etc.), expanding the marketing, working towards new implementations of the token (games, meme platform etc.). POODL is a legit meme token with serious potential. I don't want to tell you it will easily make x100 in a week, because this is no quick pump and dump project. I have the feeling it has the most serious potential in the meme sphere and could have a future with a tremendous audience and amazing community. + +&#x200B; + +If you don't believe me, DYOR, join the Telegram channel, write to the admins and people or hop into the voice channel :) +UK Parliament seized internal documents related to Facebook’s privacy and data decisions. + +No one is going to like what the sausage factory actually does to make money... + +https://www.theverge.com/2018/11/25/18111007/uk-parliament-seized-internal-facebook-documents-app-developer-six4three-cambridge-analytica +I currently have a 2009 VW Golf that I love but I’ve had it for 8 years and it’s coming to an end (over 110,000 miles, engine making all sorts of noises, scratches and dents all over). + +I’ve been looking to get a new used car for around £10k for a while but the market has been crazy. + +My dad has just purchased a new car and was going to part-exchange his 2012 BMW 5 Series (535d) for £8k but has offered it to me for £7.5k. + +It’s a really nice car but I’m just wondering if a jump from a Golf to a 5 Series as my second car is too much? I’ve checked the insurance and it’s coming up as £160 extra for the year which I’m comfortable with. + +I will be getting a personal loan for this purchase @ 2.7% APR over 60 months from Admiral Money (£135/pm) I aim to over pay this loan but I like the option of only paying £135 for the months that I need extra money. + +I don’t think I’ll be able to find a car as nice as this one on the market for £7.5k, should I just take it or wait for the used car market to calm down? + +What would you do? +In August 2021 my workplace went into liquidation and I was suddenly unemployed. I worked as a manager on a large farm and years of drought followed by Covid proved too much and they closed up. Just a week later the missus also lost her part time job and we went from being quite comfortable to having zero income. We have bills just like everyone else, as well as 3 kids, so it was quite a stressful time. To add to it all, the redundancy I was entitled to was up in the air as the company was bankrupt and couldn’t pay their debts let alone everyone’s redundancies. + +Luckily we heeded the age old advice and had an emergency fund we could access. This meant we could breathe a lot easier and I was able to be a bit picky with what job I went into. We live in a smaller town and there are very few jobs going in my field (quality assurance within the food industry). But eventually something came along and I’m now back at work earning more than I ever have before! + +Without the E-fund I would’ve been forced to take one of the jobs I was offered that required us to move, which was something we really did not want to do. + +The other good part is that the government FEG scheme ended up paying me my redundancy so we were able to top the E-fund back up again after we almost sucked it dry. + +Has anyone else out there been forced to use up their emergency fund? +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Mind you Walmart is at 400b market cap. So what this means is that Tesla would need to make as much profit as 3 Walmart corporations In the future in order to even justify it's CURRENT market cap. It's actually absurd. It almost seems like people who are investing into Tesla don't really understand what it's current market cap even means... + +I've heard from a Tesla investor that Tesla would become an industry leader like hibachi Ltd.... And once that happens Tesla is going to moon..... And its like dude .. hibachi Ltd market cap is at 50b . Forget about mooning once Tesla becomes an industry leader like hibachi Ltd. Tesla would need to be an industry leader like 20 hibachi Ltd just to even justify it's current valuation lol.... + +If Tesla becomes the world's most profitable corp like apple. Get this .... You'll justifiably only 2x your money if you invest In it now 🤣🤣🤣🤣🤣🤣😂 . Bruh such a tall order to fill just to 2x . + +Look I get it. Tesla is innovative yadadada yes . The company is still in it's early stages and it'll be better later on. Yes that too. The company is at it's early stages. However, the stock valuation of this company is not. The stock valuation of this company is already at a level where it can swing it's dick around and smack China with it. + +The question is. What would Tesla even need to do.... For profit at a level where it's absurd valuation is justify? + +Another note Toyota is currently the most profitable car company and it's valuation is 300b..... (I'm not saying Tesla is just a car company) Tesla's is already at 1.2t . 4x the most profitable car company already... Without making any profit... Tall order to fill . Let's just say that. + + + + +Edit : this is just speculation but hear me out on this Tesla's car margin went up 30% recent quarter ... Now I did some googling turns out Tesla's build quality and assembly is ranked the lowest . So what does this mean? Well it's obvious. This is a very common stock hype strategy. They sacrifice build quality by getting cheap parts and assembly. on paper itll look great for short term profit it's no wonder margin is at 30% then they report it. Boom everyone eats it up HYYYYPPPE. Stock shoots up!! Bruh at this rate Tesla solely survives on hype and elon fucking knows it 😂😂😂😂😂😂 . It's a very obvious stock hype strategy tbh. Do you seriously think this company that is entirely pressured to perform on paper wouldn't go this length? Honestly this is the only thing Elon can do in order to maintain this level of stock price . It's actually a no brainer. Because as soon as that sheet of paper looks bad. Y'all know what's gonna happen. And he knows what's gonna happen. So long as he report good news albeit paper news . All's is well. + +It's a very common tactic for public company in order to showcase short term paper gains. In order to shoot the stock upwards. Some even layoff workers, it's just speculation. But my money is on this. + + + +Edit 2: reading many of the comments , it seems like alot of people are confused that there's actually a difference between company and stock. Saying that Tesla is a growth stock (disregarding it's current market cap), just because the company is still growing is essentially the gist of many responses. While Not realizing it's already priced in on a veeeerry optimistic note at that. + +Also do people ever stop to think how the hell is this dude gonna monopolize all these different areas of innovation? Amazon focused on 1 thing only , it took them 2decades to reach 1.7t. and monopolize that one thing . honestly , the ideas are decent ,but what about execution? People invest like all his ideas are already at monopoly level. + +Battery grid, EV cars, AI, spaceX , renewable energy, solar, boring company tunnels, internet grid, something about monkeys , And many more projects. I've heard the argument that Tesla is "not a car company" to justify it's current valuation. Like somehow this dude is going to monopolize all these different fields. Ironically If anything EV cars is where he'll most likely have a Monopoly. + + + Saying Tesla is a growth stock just because the company is still growing while it's already at 1.2t marker cap, is the same as saying GME is a growth stock during MOASS when it's market cap is quadrillions . Just bc " the company is still growing it hasn't implemented NFTs yet" . + +Edit 3: Also y'all remember when Tesla double in market cap, AKA double it's company's worth (for those who don't understand market cap) ,just because musk boy said "5/1 split" 😂😂😂 yo this stock is surreal. Any other company with these kinds of specs , it'll be a no brainer to short. Puts all the way! Not Tesla. Hell fucking no. You think I'm gonna bet against a stock where the company double in valuation just because "oOoOO it's "cheap" now!" --- (P.S you actually paid more for a smaller piece.) + + you outa yo goddamn mind if you think I'm gonna go against this kind of retard strength! This is the kind of company that will go up 100b if they announce theyre creating their own gaming console . 0 - 100. From announcement to best case completion price all in a day. +I own a "tiny home" that's actually a park model RV in a neighborhood full of other park model RVs. It's on a permanent foundation and is actually a pretty amazing little place. We went into this not planning for it to be an investment property. It was to be a family retreat that we occasionally rent out on Airbnb to cover the bills. Since that time I've jumped into the STR game with both feet. I've been operating this property as an STR for the last few months, but I may have an opportunity to sell it at an obscene price and I think I'd be stupid not to do so. + +Background: + +* Purchased land in 2019 for $39k +* House built, land developed, house installed, etc over the next 18 months +* Closed on whole thing in 2021 for $170k total +* Current mortgage balance is $139k (land value was rolled into loan as down payment) +* Have put probably $15k into it since closing + +One of these houses sold 6 months ago for $350k. Another is listing this week for $395k. I could feasibly be walking away with $225k, which I would then reinvest into another STR. + +I've always had concerns about the durability of these "houses". I don't think they're going to age well over 10+ years. + +Thoughts? + +P.S. Don't rag on the tinies! ;) + +&#x200B; + +&#x200B; + +EDIT: Thanks everyone for your comments! I had some requests for pics, so here's an album with some of my listing photos: [https://imgur.com/a/xer2uvm](https://imgur.com/a/xer2uvm) +I guess most folks on this sub don't worry too much about social security, but a thought crossed my mind ... the Social Security payout (in the United States) considers the average of your top 35 working years. So say you FIRE after having worked 10 or 20 years, your social security payout is dramatically reduced. + +Or is that not something someone who's FIRE'ing needs to worry about, because assuming the 4% rule and, say, net savings of $1M, you can live off $40K a year, and the social security is just additional gravy on the side? +Hello! So I’m a travel nurse (26f, no kids, single) in CA right now. I’ve been on 3 contracts so far, I didn’t save as much money as I should’ve because I went to Disneyland way too much! Oops… But I need some advice on what to spend my savings on. By the end of this contract, Im realistically planning to have at least 34k in my savings. I really really want to buy a home (Michigan) since I will be living with my parents when I’m not on assignments, but I have other debts such as my student loans (40k) and my car (26k). I would love to eventually use that home to rent out to others. What would you do? Thanks! + + + + +I’m 31 with 160k in the stock market (80k in Roth, and 80k in a mutual fund), I also have a rental house with almost 150k in equity that generates $600 a month in profit. My late wife and I had a term life insurance policy through her work and I received 200k when she passed in 2017 from cancer. I make about 40k a year as an electrician apprentice, abs should be getting my electrical license this year. I’m a little behind because I took two years off of work to be there for Heather while she was sick so I could take her to all of her appointments which was basically a full time job (which I would gladly do again). As for my financial goals, I would like to be able to retire by 60 and I know the best way to do that is maxing my Roth each year. + +I’m getting remarried in may and we’re working on having a kid. My question is, should I keep my money in the market, or pull a chunk out so I can pad my checking account for child expenses. I don’t keep much in my BOA account right now as my bills are relatively low and I like seeing my money grow. The only splurge I’ve made with my life insurance money was building Heather’s dream kitchen which I look at as an investment. Any advice will would be appreciated. +So I am very high on cash due to RSU sells recently - Since then, I also heard a lot of advices that I should not be afraid of market all-time-high and should stay in. And today I read a report saying lump-sum investment beat dollar-average. + +Ok so I though it's clear. I should just put those cash into index funds. + +But then, I saw this chart: [https://www.multpl.com/shiller-pe](https://www.multpl.com/shiller-pe) + +And I am not sure any more. It looks like the market is heading to something unprecedented. Should I wait? Should I get in now? Thoughts? + +BTW I am relatively young so yes long time horizon and all that. I think I can probably also just TLH if i got hit by a major crash. But still, I am a bit worried after seeing that chart. And recovering from all-in position this time could be who knows how long, maybe a decade. +Over the years, I’ve learned that maybe the best decision you can make is to simply invest long-term. Continue to add to your positions through DCA methods and invest larger sums when there are pullbacks or dips. “Timing the market” is absolutely the worst thing you can do because you will lose. Nobody can time the market.. you may get lucky once in a while, but 9 times out of 10 you will lose, especially when you factor in capital gains tax. Avoid the tax man by buying and HODLing! It’s as simple as that. This is a long-term play. Zoom out to see what I’m talking about. + +Godspeed fellow investors, see you at the moon 🚀 + +**EDIT 1: There have been a lot of great points brought up. Ideally, your holdings would be largely comprised of ETH/BTC. Hodl legitimate projects** +Long time lurker, first time poster. So I've found this subreddit and the Theta Gang podcast on Spotify and couldn't be happier; I'm literally addicted to selling CC. Someone else said it best, CC are not flashy get rich quick money but it's consistent money. And I couldn't agree more. + +To my question + +So I've been selling CC for the past few months (mainly weeklies) and a few times they've run in the money during the week and barely finish out of the money by Friday end of day, thus a win win. This got me thinking though, I've never had my shares exercised even after the contract I sold ran way in the money, and I'm talking several dollars above to eventually falling and finishing out of the money. Why were they never exercised?? +And also, is there a way for me to forcefully exercise my shares being sold early if it ran in the money? + +Thanks in advance. Still learning. + +Any time you learn, you gain +-Bob Ross +Like many of you, I've been listening to the nonstop gospel about Fidelity for months. Fidelity is a friendly whale, Fidelity is long GME, etc. + +The point of this post isn't to call bullshit on any of these claims, but to invite some commentary from those that have been pushing the Fidelity agenda for months now (and there are quite a few of you out there). Is there a single iota of evidence that Fidelity is acting in ape's interests? + +I'm curious for a few reasons. + +Firstly, when I waxed poetic about Fidelity to one of their senior traders, his response was a blunt "well you never know which side of the trade Fidelity is working." + +Secondly, I've noticed in particular that any commentary that could be interpreted as even mildly opprobrius of Fidelity's motives is violently downvoted, and typically personally attacked with no cogent counter. + +Thirdly, there is zero doubt that Fidelity is and has been providing a significant amount of ammo used to fuel the short attacks we've been seeing, especially over the last few weeks. Where are these shares coming from? + +Fourth, Fidelity is being sued in several pending federal court actions brought by state attorneys general for colluding with Citadel to defraud retail investors. + +The only rebuttal I've heard to date is that Fidelity is orchestrating some type of bear trap. This isn't a thesis--it's a conclusion. I'm not saying there isn't a universe where apes interests and Fidelity's interests align, but to my knowledge no evidence has been presented from which this could even be inferred. + +I'm not asking for a playbook, but the immediate downvoting and personal attacks pressed on anyone who raises this question--which I've been tracking for months now--is quite disturbing in itself. There is no agenda intended here, and you can downvote me as much as you want. Should that happen I'll pretty much assume the need for further investigation, and would encourage anyone interested in knowing more about the backstage liquidity show down to do some poking as well. + +Look forward to opening the floor on this issue. + +&#x200B; + +&#x200B; +#Welcome to the 1st Annual Wallstreetbets Awards! + +Here we will celebrate some of the most notable WSB users and posts of 2019. It was an interesting year with a lot of colorful characters and crazy plays. Let's toast to 2020 being just as wild. Who knows what the rest of the year will bring. I'm excited to find out and hope to see some of you here next year! + +######**Categories** + +- ##**Autist of the Year** + - Winner: >!u/RobinhoodTeam as voted by the community for their lack of control over their own platform. The runner ups would not be possible without Robinhood.!< + - Runner ups: >!u/ControlTheNarrative (GUH), u/analfarmer2, and u/1R0NYMAN!< + +- ##**Thread of the Year** + - Winner: >![No bamboozles, everyone who comments in this thread will be invited to become a mod of r/WSB.](https://old.reddit.com/r/wallstreetbets/comments/b87viz/no_bamboozles_everyone_who_comments_in_this/) by u/OPINION_IS_UNPOPULAR. This was great and had over 78k comments. It picked up very quickly and reached #1 on all. Of the 78k commenters, around 7k people were modded before the operation was canceled!< + - Runner up: >![A Message From The Mods](https://old.reddit.com/r/wallstreetbets/comments/at3nf1/a_message_from_the_mods/) (paper trading competition results) by u/CHAINSAW_VASECTOMY. Unfortunately over 200 people fell victim to this trap.!< + +- ##**Plays of the Year** + - Winner: >!u/TheTriviaTribe for turning **$766 into $108,000 in TWO trades.** Link to [imgur album with two images of plays](https://imgur.com/a/E99lJaC). Link to [thread of first play](https://old.reddit.com/r/wallstreetbets/comments/d6xlct/thank_you_roku/) and link to [thread of second play](https://old.reddit.com/r/wallstreetbets/comments/d8pmeu/thank_you_spy/).!< + +- ##**Most Overall Realized Gain of the Year** + - Winner: >!u/thesmd1 for making **$1,020,882.86** from AMD day trades! Link to [thread here](https://old.reddit.com/r/wallstreetbets/comments/ec6jrx/822mil_of_amd_in_one_year_average_trade_of_200k/). Link [to image of gain](https://i.imgur.com/mNTGTrD.jpg). Note that there are others that have made more but for privacy reasons, they do not want to reveal their gains!< + +- ##**Most Gains from a Single Play** + - Winner: >!u/analfarmer2 for making $277k+ after news helped his play. Image [of the play](https://i.imgur.com/WTfR06Y.jpg). And [thread here](https://old.reddit.com/r/wallstreetbets/comments/cksrsf/spy_puts_277k_profit_in_1_minute/).!< + - Runner up: >!u/Fuyuki_Wataru for making [+$212,092.68 with his BYND play](https://old.reddit.com/r/wallstreetbets/comments/cptdkw/cook_hookers_it_is_boys_update_on_old_500k_bynd/).!< + +- ##**Most Percent Gain from a Single Play** + - Winner: >!u/VacationLover1 for having a 16,000%+ gain from a single options play. Picture [of the gains here](https://i.imgur.com/8EY7SFS.jpg).!< + - Runner up: >!u/Yoloking25 with a 10,836.73% gain with BIIB. Link [to thread here](https://old.reddit.com/r/wallstreetbets/comments/ed4d5g/600_bucks_to_53k_last_biib_earnings_never_gets_old/)!< + +- ##**Loss of the Year** + - Winner: >!u/analfarmer2 for losing over $600k. It started with [this play](https://old.reddit.com/r/wallstreetbets/comments/ckycr2/600k_yolo_in_fds_expiring_tmrw_if_i_die_remember/), and then an [update to that play](https://old.reddit.com/r/wallstreetbets/comments/cl4sku/at_the_end_of_the_day_money_is_just_paper/), and finally ended [with this play](https://old.reddit.com/r/wallstreetbets/comments/cnrj9t/doubling_down_wasnt_the_best_idea/). Here is [an album of six screenshots](https://imgur.com/a/aUEWN6E) that show the rise and fall of his portfolio. We definitely feel for analfarmer2 as the $600k he lost can be quite life changing. Be well, and remember that it's just paper.!< + +- ##**Meme Maker of the Year** + - Winner: >!u/Haupt91 for all of his amazing work throughout the year, and for being the first to do a [live interview format meme](https://old.reddit.com/r/wallstreetbets/comments/dtf7s0/wsb_yolo_king_lands_interview_on_cnbc/). Most memes that people make are images or videos with text, but this one went above and beyond and set a new standard. We hope to see others try this style. Keep up the great work haupt. Looking forward to seeing what you come up with this year.!< + +- ##**Meme of the Year** + - Winner: >![The Legend Of 1R0NYMAN](https://old.reddit.com/r/wallstreetbets/comments/ahy7dy/the_legend_of_1r0nyman/) by u/EffingDankrupt. This was very well made and came from someone who hadn't previously made any memes for wallstreetbets. This also happens to be his only meme thus far. Hopefully he has another great one in store for this year.!< + - Runner up: >!Various works by u/haupt91. He made so many great ones in 2019. Way too difficult to come to a consensus and choose one.!< + +- ##**Live Stream of the Year** + - Winner: >!u/ControlTheNarrative for being the first to do a live stream of a loss. We hope others follow suit (but hopefully in gains). Thread [link here](https://old.reddit.com/r/wallstreetbets/comments/dpnzup/i_recorded_todays_marketopen_and_the_instant/). And direct [video link here](https://www.youtube.com/watch?v=A-tNkuYV4_Q).!< + - Runner up: >!u/Dejula for his live stream of TSLA losses. Thread [link here](https://old.reddit.com/r/wallstreetbets/comments/e01t9k/watch_the_downfall_of_dejula/) and direct [video link here](https://www.youtube.com/watch?v=Nq5AhzKOrJw). However, see below.!< + +- ##**Comeback of the Year** + - Winner: >!u/Dejula for recovering from his TSLA losses in a very short time when TSLA went from 320s to 420s. Link [to thread here](https://old.reddit.com/r/wallstreetbets/comments/ed4cok/guess_whos_back_bitches/). If you don't want to read, here is an [imgur link of the rebound graph](https://i.imgur.com/OEOFGvG.jpg). If you'd like to watch, here is a [video of him explaining the comeback live](https://www.youtube.com/watch?v=LZjjNvwY9Xo). !< + - Runner up: >!u/socialist_baby for recovering from $15k to $65k. Thread [link here](https://old.reddit.com/r/wallstreetbets/comments/dwssnw/if_youre_going_through_hell_keep_going/). And imgur album of [two screenshots found here](https://imgur.com/a/EF0SiQN).!< + +- ##**Gilder of the Year** + - Winner: >!u/Fuyuki_Wataru for gilding over $2k worth of reddit awards [in this thread](https://old.reddit.com/r/wallstreetbets/comments/cptdkw/cook_hookers_it_is_boys_update_on_old_500k_bynd/).!< + - Runner up: >!u/riskit4debiscuit for randomly gilding people throughout the year. We are all thankful for your random acts of gilding!< + +- ##**Phrases of the Year** + - >!It literally cannot go tits up!<, >!Funding secured!<, >!It's just paper!<, >!Priced in!<, >!Trades talks are going well.exe!<, >!Mods are gay!<, >!Personal Risk Tolerance™!<, >!GUH!< + +- ##**Gang of the Year** + - Winner: >!Bull Gang!< + - Runner ups: >!Theta Gang!< and the critically endangered >!Bear Gang!< + +- ##**Selfie of the Year** + - Winner: >!u/WilliamNyeTho with [this picture](https://i.imgur.com/iu5145v.jpg) of him wearing [official WSB merch](https://www.redbubble.com/people/officialwsb/shop). We hope to see more selfies with WSB merch this year.!< + +- ##**Song of the Year** + - Winner: >!u/hooker_reacharound for playing and singing [this amazing song](https://streamable.com/bd10r) on the spot. He was banned, and the mods made him do a song to get unbanned. Link [to the thread here](https://old.reddit.com/r/wallstreetbets/comments/b3v5hj/banned_for_political_comments_ive_asked_the_mods/).!< + - Runner up: >!u/Orgasimo for making [Say Something I'm GUHving Up on You (oFfIcIaL Music Video)](https://old.reddit.com/r/wallstreetbets/comments/dr3eki/say_something_im_guhving_up_on_you_official_music/). Direct link [to video here](https://www.youtube.com/watch?v=rASpieLvH7c).!< + +Suggestions for other awards are welcome for 2020, and may be added if there is enough interest. + +Some of the winners may receive a free hardcopy book that u/jartek (CEO of wallstreetbets) is working on. It should be released this year! + +Thank you to all the regulars and lurkers for making wallstreetbets what it is today. Without you, this subreddit would not be possible. Our current target is to have *one million subscribers* by the end of the second quarter. I hope you all enjoyed the year in review, and I wish each and every one of you a great year. May 2020 bring tons of fond memories and gains for all of us! +I had around $700 of debt (mostly medical) that I paid off yesterday. The main problem is that I don’t get paid for another two weeks and I only have $28 to work with. + +Currently I am super hungry and have zero food in my fridge or pantry. I’m tempted to do fast food because I have zero experience in cooking. + +Does anyone have any tips for me? I usually just don’t eat until I nearly starve myself but I really don’t want to do that anymore. + +It just feels like my body is failing. I try to sleep as much as possible so it saves me from having to buy a meal + I don’t feel miserable when I’m asleep + +20F 95-100 lbs give or take +Evening everyone, + + +I thought I would do something different this time rather than whinge about house prices or ask about investing so decided to make a more casual light hearted discussion. + + +Given the nature of this sub we are more likely to be more frugal than the general population and thus have a higher savings rate and lower spending rate. However we are all human at the end of the day and we all have our wants, desires and non-essential spending unless you live like a monk (if you do there is nothing wrong with that, all the power to you). So whether it be small treat, a full blown luxury, hobby (cheap or expensive) or everything in between what are 'non-essential' things you refuse to skimp on or be frugal about ? + +Before COVID I used love travel to locations on the other side of the world no matter how much it costed to get there, I know that money could have easily have gone to a hose deposit but honestly if it weren't for travel I would have nothing else to look forward to since all I do it work and study. For small treats I value to morning coffee to get me through the day and a KFC meal every weekend as a small end of week treat. Not that glamorous or spectacular but still a non-essential want none the less. + + +So lets hear yours. + Hi everyone. + +I have posted these questions on one other forum. + +I am in NSW Australia. Going to jail for 12 months in approx 3-4 weeks time. I never thought I'd end up in this situation – but here I am. I have a few questions as I need to organise finances quick. I rent privately long term, am single, so no partner, have a 15 yo child, family pet, I have 2 personal loans, I am absolutely broke and can not afford a lawyer – legal aid is my only option. + +I have a family friend who is willing to move into my place for 12 months and pay my rent, garage my car. This means I will not lose my home (been here 8 years) and my child can continue to attend school uninterrupted, keep her pet, friends, usual activities etc. + +How to handle loan issues. 1 is a car loan. 1 is a personal loan. I took these out 4 weeks ago NOT knowing my circumstances would change. + +I believe my job is safe for 12 months. I will say I am going overseas with my child for 12 months as they know I've been under a lot of pressure and have suggested I take annual leave. Do you think this is doable? + +Can fines be served in jail concurrently with my conviction? + +Advice? +[https://www.trustnodes.com/2021/06/10/iran-to-legalize-crypto-as-soon-as-possible-says-president](https://www.trustnodes.com/2021/06/10/iran-to-legalize-crypto-as-soon-as-possible-says-president) + +It looks like El Salvador is leading a trend! +I remember back in 2017 and the first half of 2018, everyday I heard about digital currency related news and conversation. But now all the conversation and news are about cannabis, like which pot stock should we buy and how the pot stocks pop up 100% easily. Is that mean investors are not interested in digital currency anymore and all the attention have been shifted to pot stocks? I have no position in digital currency and interested to get some pot stocks. +Basically daytrading has pretty much consumed my life. Been at it full time now for around 3 months and it is all I think about. It's getting to the point where I literally dream about charts on a regular basis. + +I am aware that this is definitely not healthy. Whenever I have a red day - I honestly feel terrible, while I'm noticeably feeling better on green days. + +Just wanted to let this out there since I don't really talk to anyone about daytrading. + +Anyone in the same boat? Anyone have some tips? + +Edit: Appreciate all the responses and glad to see I'm not alone here. + +My keytakeaways: + +1. Take a break every once in awhile and focus on something other than daytrading. +2. Accept losses as part of the game and focus on trading well rather than P/L. +3. Evaluate results at a longer term time frame rather than day to day. +4. Better be a bagholder in a dream rather than IRL lol. +Ethereum and Bitcoin appear to be separating. ETH is in a 14 day uptrend while BTC is still in a 25 day downtrend. + +Historically these two have been joined at the hip. + +Many people have been waiting for ETH to separate and stand on it's own. Obviously they are still closely tied but it's good to see ETH create some separation from BTC. + +It's not only good for ETH but for the entire market. +Good Evening, + +&#x200B; + +First I'm not a financial advisor and none of this is financial advise only opinion on data I've gathered from publicly available sources. + +&#x200B; + +https://preview.redd.it/vit8gtkxvt681.png?width=888&format=png&auto=webp&s=17a497314665df29596ef0f5e8f984a84b0d3387 + +I've been writing and learning about ETFs since just after January and they can be quiet the rabbit hole. There are many different players looking to make money as the process of lending and creation and redemption occurs. One of the biggest and most interesting bits of information I learned when looking at ETF data was there was in fact high volume cycles, that were predictable and occurred in both 2020 and in 2021. + +The two biggest ETF providers and lenders are Blackrock and Vanguard. Throughout most of the year over leveraged funds and short hedge funds have direct access to large numbers of shares in these ETFs. Blackrock and Vanguard are happy to collect the fee's associated with lending shares and their sponsors get a nice paycheck. Now to the interesting part in the data where I noticed high volume cycles. For example Vanguard (The biggest holder of GME) has predictable high volume cycles called "wash trades" Wall Streets dirty little secret you can read about [here](https://www.bloomberg.com/graphics/2019-etf-tax-dodge-lets-investors-save-big/). TLDR: It's an abuse of the ETF system structure to wash high volume through ETFs to **avoid taxes**. + +While they are doing this Blackrock and Vanguard are largely not lending shares and tell over leveraged and short hedge funds to go elsewhere for their shares. That's precisely why we see funds like XRT ending up on the threshold list this last week. What happened in January was largely like the SEC said in that it was retail driven aside from Ren Tech like funds and other high frequency desks exercising low in the money puts forcing dealers to buy stock to hedge. + +&#x200B; + +https://preview.redd.it/wib7l6u9xb781.png?width=477&format=png&auto=webp&s=c552487360c424be3d745b692251ad1ff4f3c169 + +&#x200B; + +The biggest question around all this is what kind of contracts did those funds with short positions open in last January to hedge? It seems there is now a yearly options pattern in January using variance swaps with low puts ect like u/Zinko83 DD outlined (highly suggest you read it). It’s hard to say if January will repeat. But they sure as hell hedged it out far enough. Outside of January there are for sure predictable cycles that occur with the ETF wash sales that happen described above. The most important thing for apes is to keep diamond fucking handing those shares. Learn, read, study all we can from ETFs to options to futures. Most importantly support Gamestop. Below are some graphics outlining what's described above. + +&#x200B; + +https://preview.redd.it/4ynft777wt681.png?width=577&format=png&auto=webp&s=62c19a1ebde4badc0698b3d7020e03614f0a1112 + +Cycles on ETFs + +&#x200B; + +[ ](https://preview.redd.it/00eq3epawt681.png?width=2610&format=png&auto=webp&s=5a82594c7b114340c3b52da2b1dd75a686e4c274) + +The Heartbeat + +https://preview.redd.it/droeiytcwt681.png?width=2622&format=png&auto=webp&s=458d5513a307e76217824bc42055787e37967d24 + +&#x200B; + +https://preview.redd.it/nk2yb1smwt681.png?width=2614&format=png&auto=webp&s=f73c05427184181224219e873f01c1e89260f243 + +&#x200B; + +Original Data Set: Lots of colors! + +[https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing) + +&#x200B; + +&#x200B; + +https://preview.redd.it/yrw19am2xt681.png?width=1060&format=png&auto=webp&s=177931cf70767cb73a0028e12c1524e340c6c9a6 + +&#x200B; + +https://preview.redd.it/2ztoacoqxt681.png?width=1060&format=png&auto=webp&s=a39c04b0648648a2729b5a2fccb8ac5f429e14c6 + +&#x200B; + +TLDR: Yes, another cycles pattern (I know, I know). This one has data! Also we may very well squeeze in January, but we may also follow the patterns set forth by ETFs. See you all on the moon! 🚀 🚀 🚀 +Hi everyone, + +I am planning to take advantage of HBP to accumulate a down payment for buying a house. I read that the fund should be at least 90 days to be eligible. What does the fund mean in this case? Is it cash? Or stocks with market value with at most 35K? I have already around stocks with market value about 40K for more than 1 year. If I sold the entire stocks close to the closing date, would this be eligible for the HBP? Or should I transfer 35K cash now and wait for 90 days to withdraw and leave the stocks as it)? +I am beginning research into the world of investment and I would like to invest in funds with medium risk tolerance (I am 32). As I understand, more stocks/bonds ratio could yield higher returns but has higher risk tolerance. There was a post here about a guy being happy with a particular fund (I think XGRO) and how that has given him peace of mind over trading stocks. I would love to know your opinions about the same. +**Hi** + +I have often gotten requests on how I interpret long financial reports quickly at release. Here I will give a quick breakdown of what I look for when reading financial reports! I will also give insight on what sections are always worth reading. You can find RXMD's 2020 financial report here - [https://backend.otcmarkets.com/otcapi/company/financial-report/276521/content](https://backend.otcmarkets.com/otcapi/company/financial-report/276521/content) + +The first couple pages of every financial report (by SEC standards) will generally have the quarter or annual ending share structure and jargon with disclose regarding forward looking statements. *For specific sections I will reference the page numbers specific to this report in bold after the sentence.* It is good to look at the disclosure, though often for OTC companies they will be the same. OTC's are generally considered 'Emerging Growth' companies and their disclosures will read very similar. There is high risk of failure of operations, lots of forward looking sentiment/growth, but issues with cash flow or business plan etc **(Page 2)**. RXMD happens to include a table of contents with a glossary of terms which provides especially useful if you are investing in bio/pharm companies or any technology company that may use terms you are unfamiliar with (**Pages 3-6)*****.*** You will see that in the Table of Contents that information/sections are listed as 'Items' and I will be referring to that throughout this post. + +**Item 5 and 6 (pages 7-8)** + +* It is a good idea to read the history of stock amendments and common stock updates. Here RXMD has their full history of any amendments or changes to the authorized share structure with any series of their stock. We can see that in late 2019 they amended their authorized share count to be 1 billion shares, mostly to accommodate for potential dilution in the future. +* For any company it is vital you read this section. Included will be dates of reverse splits and authorized share increases. If the company has a long history of dilution then you will more than likely see a large reverse split and authorized share increase. This is fairly common in the OTC as these companies do not have access to traditional funding methods and have to commonly take out 'toxic' convertible notes. If the companies fail to produce profit year over year what can happen is called 'death spiral financing' where the company continuously dilutes and reverse splits, unable to get out. +* With RXMD we can see from 2018 to 2019 they increase their A/S (Authorized Shares) from 500 million to 1 billion. However their o/s (Outstanding Shares) only increased from 425 million in 2018 to 436 million in 2019 to 485 million in 2020. Later I will breakdown where this dilution is coming from, and why the raise to 1 billion was necessary at the time. Generally though, this is very little dilution for an OTC and will also be addressed later on. +* &#x200B; + +https://preview.redd.it/l9bijvwftsr61.png?width=649&format=png&auto=webp&s=e63c2b74d4d2467d3dc9a8c705d4f0fa563b0d5e + +\*\*Item 8, 9 and 10 (\*\*Pages 8-34) + +* For the latter half of item 9 (**16-33)** it is mostly what I would consider lawyer speak in that they are speaking to their risks related to investment. Every financial statement will have this and is worth reading to see potential pitfalls of future operations! +* Item 8 is a good read as it gives an overview of what the company has accomplished since inception. This includes any acquisitions and businesses currently owned by RXMD. Generally if you are looking to get an overview of the company you are investing in take a quick glance at this section. It will show you if your company has made any business changes throughout or if they have had much growth since acquisitions etc. +* For RXMD, they own a few facilities in FL for their operations, most recently a new 11,000 sq ft pharamcy facility in Hallandale Beach Fl. Their employee count is currently 124 - and this is generally important to look at. If your company has just 1-2 employees you may want to ask yourself how they are operating :) +* Item 9 gives a breakdown of RXMD products and services. This is especially important to understand what your stock does on a day to day operational basis. It also gives insight into possible growth operations (like ClearMetrX for RXMD). +* Item 10 discloses any locations for RXMD. Here we see their 3 slated locations with rent and lease agreements. This allows us to fact check that they do infact have an operational business incase anyone had doubts they were running a scam out of their basement. + +**Item 11 (Page 34-35)** + +* Here we see a breakdown of all of the officers and directors and their positions with common stock or preferred shares. Generally for OTC's this number will be lower for ownership, a lot of times OTC Ceo's take little pay to instead reinvest into their business (Kent with ALPP another example). It may also be the case that the officers/directors take RSU's and warrants in exchange for salary. This will also be reflected in any form 4's they file. RXMD inside ownership is just under 2% with a few interesting names on the board. + +**Item 16(Pages 37-46)** + +* If you want the quick breakdown of what the company has accomplished and will be doing going forward then READ this section. Generally will be slated at 'Management discussion or Future plans of Operations' This section will also include a quick breakdown of revenue and EBITDA (usually) which is great for quickly reading financials at release. +* RXMD mentions they filled over 530,000 prescriptions during 2020 compared to 456,000 in 2019, a great increase. They also mentioned bonuses and a five star ranking in the top 20% of pharmacies. The key take away though is their breakdown of growth: +* &#x200B; + +https://preview.redd.it/4osw2mt0wsr61.png?width=641&format=png&auto=webp&s=8bea2dd3d7596ee4692ec196e308de58d7b08bc0 + +&#x200B; + +https://preview.redd.it/2p7cmhy5wsr61.png?width=635&format=png&auto=webp&s=5e4df82559d1edd1a0c52f1575e8c809bc8ece66 + +* These statements on the financial sheet alone should give confidence for the future of RXMD. Great organic growth along with future acquisitions and expansion into telehealth. +* After this we can see the quick twelve months ended financial table. +* &#x200B; + +https://preview.redd.it/4bzdzt5ewsr61.png?width=661&format=png&auto=webp&s=107d7575ae9e12998a960e6c734a904b97264388 + +* Net loss was 42% lower year over year and almost all of that net loss was in the first six months of 2020. Calculating from older financials reports from Q1/2/3 RXMD only had a 8000$ net loss in the last six months of operations. This indicates a high potential to be profitable in 2021 especially with recent expansion being done. +* &#x200B; + +[Further breakdown of EBITDA here](https://preview.redd.it/ez1j18uxwsr61.png?width=677&format=png&auto=webp&s=8b9ef6317c4ccf7d989116cf12e1509607227e63) + +&#x200B; + +https://preview.redd.it/696iyg5fxsr61.png?width=643&format=png&auto=webp&s=232395a363d86b3595096c0ce9bcb0a73dbdbeb6 + +* Another important thing to always look for is the cash flow from operations. The only financing activity that RXMD had was the PPP loan during covid, and that loan will be forgiven. They are increasing cash while not having to take out money from notes etc. EBITDA also turned positive for 2020, just barely This is most likely due to the heavy elimination in derivative liability. + +**Item 17 and 18 (47-49)** + +* Super important to read these sections for any stock to see where the dilution is coming from! RXMD made two private financing deals in which two main lenders gave them money in exchange for long dated notes that can be redeemed any notice. As seen on page 47, Chicago Venture has actually fully been redeemed and no longer exists as a liability while Iliad Research has about 1.9 million in liability remaining (About 19 million shares left to dilute before RXMD has 0 potential for dilution). Once RXMD is free of the derivative liability burden their balance sheet will look much cleaner. +* Item 19 denotes any contracts they have with existing parties. Included are new contracts for their subsidiaries and is worth checking out the super long list. + +**Pages 55 and onward are the financial balance sheets from 2020 and 2019. I will quickly be going over the 2020 balance sheet to highlight what I look for.** + +* First off, I always check cash to see if they have a cash position. I do not want to be investing in a company with 1000$ in cash (yes recently ive seen people pumping tickers with legit less cash on their balance sheet than in my wallet its quite sad). Save yourself the time and just know, companies that have low cash balances will have to take out notes to do operations. +* Assets to Liabilities are trending in the right direction with a 1.7 million difference between the two. Assets increase about 3 million and liabilities about 2.4 million. This can be associated with the difference in current derivative liability. I am expected at next quarter the assets to liabilities to be near even or less than 500k. Generally for OTC's you will notice they have large derivative liabilities. Its important to keep reading and look to see if those notes will be maturing soon and diluting. There is always a section included on the financial reports that has the note contract, interest, maturity, and amount due. +* &#x200B; + +https://preview.redd.it/qoxggvv70tr61.png?width=666&format=png&auto=webp&s=71ee3f69b7189f4841985007815acede9ba6b094 + +* The next thing to look at is overall revenue, sitting at 38.9 million. Always look at the Cogs or Cost of Goods. For RXMD they have a healthy cost and gross profit (8.9 million). Their loss from operations was 1.1 million, which a good amount can be attributed to their new facility that was built + expansion with covid testing in 2020. +* I always look at the accumulated deficit. 99% of OTC companies will have an accumulated deficit as an emerging growth company. Its hard to in general find profitable companies. However, a small accumulated deficit (RXMD is around 7.2 million in 11 years of operation) is a generally bullish sign. They are not operating at heavy losses and have high probability to turn a profit in coming months. +* I then skip ahead to the debt portion. RXMD has very little debt for an OTC, in fact their long term debt is about 3.1 million and 1.3 million of that is their mortgage for their facilities. the other 1.9 mil is from the last outstanding note to Iliad Reasearch. Its impressive to see this level of financing and I expect RXMD will be debt free in 1-2 years. Just below debt we can see the terms of their agreements with both note holders (A-18). +* There are many many important sections to read through the financial report, but for a quick overview on how the company operates these are the main ones to hit. + +I think this post is getting a bit too long...I would like to go into depth on just the balance sheet portion on another post. However, this is what I quickly look at when viewing financials! I would like to iterate I am not a financial advisor and everything here is just opinion! Hopefully this aids in future DD and research though. + +&#x200B; + +Edit: Guess I never mentioned, but generally what is happening with RXMD and what I have gathered throughout reading the financials is generally bullish. Eliminated the derivative liability will be a big step into pushing them into profitability and greater expansion. +We plan to be fat firing in 5-8 years. This is the first year my husband is going to make 7 figures and he thinks that means we need to have someone do our taxes. +I have been using TurboTax each year up until now and find it easy, user friendly and effective. But he thinks a “tax guy” could help us find savings and loopholes. I disagree, we don’t have anything complicated. We are selling 2 homes (one has been a rental that I’ve managed in TurboTax and have properly depreciated and tracked over the years). The other home is our primary. I just think TurboTax does a good job asking all the right questions for these types of transactions. What am I missing, can a tax guy do something different than TurboTax? +I found a vacation home two hours from my home. Close to where I grew up. Has acreage (5), trees (I love trees) and privacy. House is 20 years old in good shape. I want to buy it as a vacation property for me. I am 63 years old, single, no kids. Here are the facts: my net worth is 4,000,000. 1.25 million in cd's at 2.7 to 3 %, 1 million in in bonds, 250,000 in stock index fund, 150,000 individual stocks, 500,000 in bond funds, the rest in treasury money markets and cash. I think it would be a good addition for diversification but I am retired so my portfolio has to sustain my lifestyle. I currently spend around 70,000 a year + +Any thoughts on whether this is a stupid idea are appreciated. +On 12/26, I sold 19 **cash-secured** AMD Puts at a strike of $47 for $36 each. I collected $684 for this trade and was OK with AMD dipping below $47 and my purchasing of 1900 shares as I am bullish on AMD right now, and planned to sell calls at $47 (or higher) going into earnings and 2020. + +Instead, RH took action on my behalf automatically, buying the 19 contracts back at a cost of $77 each; this cost me $1,463.00. Now, instead of owning AMD @ $47 and having earned $684 for selling the Puts, I've net a loss of -$779.00. + +Why did Robinhood automatically close this position for me? Regardless of where AMD is today, that automatic action cost me $1,463.00 that I did not approve of. + +I've emailed RH to understand why, but the responses so far have not been helpful at all. **This is not a spread, it was not purchased on margin, it was cash-secured.** + +\--- + +**Response #1 (From Robinhood):** + +Good morning, + +Thanks for reaching out and I hope you are doing well. + +We’ll review your spread 60-90 minutes before closing on your spread’s expiration date. At that point, a few different things can happen: + +* If both legs are in the money, we’ll assign and exercise them. +* If both legs are out of the money and are not at risk of being in the money, we’ll let your positions expire. +* If one leg is at risk or in the money, we'll close the spread, or match the option with another form of collateral (like cash or stocks) and let you exercise it. + +*Keep in mind that the Risk Check occurs about an hour before market close on the date of expiration. Risk Checks cannot be opted out of.* + +You can check out our [Help Center article on expiration procedure](https://support.robinhood.com/hc/en-us/articles/115005656423-Expiration-Exercise-and-Assignment) for more information if you’re curious. Otherwise, just let me know if you have any other questions. I’m here to help! + +Sincerely, + +\[Redacted\] + +\--- + +**My reply:** + +Hi \[Redacted\], + +Thanks for responding. However, the trade in question was not a spread, but rather 19 AMD $47 Puts, which should've obligated me to purchase 1900 shares of  AMD @ $47/share. + +Instead, Robinhood automatically purchased back the Puts I sold, at a cost of $.77/share, or $1,463.00. + +Why did Robinhood automatically buy back my shares an hour before market close? Was it an error in Robinhood's logic, attributed to the fact that I also had a credit spread on AMD open at that time? + +\--- + +**Response #2 (from Robinhood):** + +My apologies for the confusion and inconvenience. I can provide clarity. + +I can understand your situation but for the time being our system will pair the contracts as a spread. + +If one leg is at risk in the money, then we will close the spread. + +We are aware that we can improve the option sell out process and I will use this situation as feedback. + +Robinhood calculates upper and lower bounds for options positions. + +***If your option’s strike price falls within the upper and lower bounds, your position is considered “at risk” of being in the money or is in the money, and we’ll place an order to close your position.*** + +\*\*How we calculate the upper bound:\*\*Last trade price + (1.5% \* Maintenance requirement \* Last trade price when the risk check is run) + +\*\*How we calculate the lower bound:\*\*Last trade price - (1.5% \* Maintenance requirement \* Last trade price when the risk check is run) + +**Example:**\* You own an XYZ 1/1/2020 $10 Call\* XYZ's last trade price when the risk check is run is $9.97, and the maintenance requirement is 25%. + +The upper bound would be $10.01 ($9.97+\[1.5%x25%x$9.97\]) and the lower bound would be $9.93($9.97-\[1.5%x25%x$9.97). Since the call falls within these bounds, we'll close the position. + +I hope this clears things up! Let me know if you have any follow-up questions. + +Sincerely, + +\[Redacted\] + +# EDIT #1: + +Absolutely none of this trade was performed on margin; it was cash-secured. I have (and had) the money freely available in my account to purchase 1900 shares of AMD @ $47/share should I be assigned—which is why I am so completely confused by what Robinhood did, and what action I should take next. + +# EDIT #2: + +I believe RH's risk mitigation system confused my open options transactions and somehow merged/mixed up two open transactions to and tried to close both (see the last photo.) + +[Here is my account balance at 9:30 AM on December 26](https://preview.redd.it/jc3jirvzuw741.png?width=732&format=png&auto=webp&s=7ed73f1818bc5573fcf87c2723b0b2f10ea88b5b) + +[I first closed existing open Puts, paying $160 to buy back 20 contracts @ $8 each](https://preview.redd.it/cdml14r5vw741.png?width=749&format=png&auto=webp&s=7de9c5ed030d21b08e54b3073d75b696a902fa7d) + +[I then sold 19 AMD $47 Puts for $36 each, totaling $684 in premium—this should tie up $89,300 of my cash](https://preview.redd.it/0zv7bg2bvw741.png?width=744&format=png&auto=webp&s=b3b13980b173287c7db1081448075947f8295a77) + +[I then sold 80 AMD $45\/44 credit spreads for $720 in premium, tying up $8,000. I could cash-secure $6,900 of this trade, the last $1,100 being on Margin](https://preview.redd.it/s9d57aigvw741.png?width=739&format=png&auto=webp&s=e681b2cc28d7ed57c94c80fcd4b6d9eb22f09c31) + +[This is where things go awry. Instead of \(potentially?\) closing my $45\/44 spread, RH did this, and bought back my $45 Puts at market price. I don't know why this shows up as a spread-type transaction here, nor why it says \\"-19 AMD $44 Puts\\", my thought is that RH's risk management software confused my option transactions, merging my 19 $47 Puts with my 80 $45\/44 spreads, making this... interesting? transaction](https://preview.redd.it/revsf0dzvw741.png?width=743&format=png&auto=webp&s=435fc3dd47942703a31bd8bff6fec4758208f9df) + +[Showing the $45\/44 Credit Spread being split up for some reason by RH's automated process \(as seen above\)](https://preview.redd.it/qaks2jla1x741.png?width=737&format=png&auto=webp&s=7148cddf05a07090909bf8843daed03e18836202) +Good Morning! + +So as many are aware yesterday did not quite have the buy pressure I was expecting. We are still trying to determine why that was. + +So far the best explanations are: + +* They are simply not covering them as XRT is on the threshold list and since it is going through the threshold process everyday they do not need to clear the FTDs in a timely manner and only clear them when they are force settled. +* The T+6 window on ETF FTDs from December 17th falls on Christmas Eve a Market Holiday this would delay FTDs till this morning at market open. I was pretty sure this was accounted for when I originally did the count but I could have been off by a day or there may be an additional day due to FINRA deferment. +* This one would suck, there simply are not enough FTDs this cycle to overload the CNS system. I don't think this is accurate however. There are more ETF FTDs this quarter then their were in the September cycle and the price action on January 26th from GME FTDs was significantly higher than anything we have seen since. Since ETF FTDs are more numerous, we should expect a surge greater than the January 26th run. Also the other stocks in the ETF baskets have not had significant runs. +* Futures were not used this quarter to satisfy expired contracts or the price was so low in the spot market they did not have to cover a negative position on them. This is possible if the futures were written at a spot price in the $170's and expired at a spot price of $148 it's possible that no debt was incurred to the counterparty. Since the whole sector was shorted this could be the case across the whole basket. + +We still have several days left in the ETF FTD window with other large pileups occurring on the 7th and 8th. After that it will be a bit of a lull until the OPEX window out past the 18th. Meanwhile the gamma ramp remains in place, delta neutral remains low, and as of yesterday delta sensitivity was spiking. So our potential to have upside moves gain momentum is still high. + +**No Yelyah2 update today so far, I will update if I hear back** + +**DIX Pics** + +[Large amount of divergence yesterday](https://preview.redd.it/2zzyuh9zntf81.png?width=2498&format=png&auto=webp&s=21494c6515722cf20a75f9c15acead3b421bec10) + +&#x200B; + +[volatility is easing a bit and with that should come more call volume](https://preview.redd.it/2y8svit8otf81.png?width=2513&format=png&auto=webp&s=010cbb0175e01d3fbac7d0a0c94a996376e4bcdc) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +After hitting the high at 104 everything market wide dropped into close, but for some reason GME and XRT volatility spiked massively... Nice run today leaves GME closing out it's first green week since November. Based on VWAP remaining down at 98 while we climbed to a peak of 104, their was some issue maintaining the short pressure. Additionally massive quantities deep ITM puts SOLD for millions of dollars (Jan 900/950 and June 680) for a notional of around $20m. With the potential for a ramp this coming week and some exposure from our green close I'm feeling bullish for the beginning of next week. + +https://preview.redd.it/gmof95cntvf81.png?width=784&format=png&auto=webp&s=195ffc5742e1f39a37e202bc5a4bd134687f4a12 + +https://preview.redd.it/qnxkkd1otvf81.png?width=909&format=png&auto=webp&s=009dd2d3a8df82440fe0cf20d7e89f4a7544feb3 + +[This is indicative of the massive put selling that occurred at the beginning of last years run per the SEC report.](https://preview.redd.it/yzivah8ttvf81.png?width=887&format=png&auto=webp&s=5f8c7ca4c1dfef8f03f80365a284ece10aaa8055) + +Edit 3 3:26 + +Well we went up some volume is ridiculously low but the market is pushing back up, green on the day. + +https://preview.redd.it/4pzyv1ollvf81.png?width=1476&format=png&auto=webp&s=feb52176026481fadda3aa2757e22ec9321da3fa + +Edit 11:25 + +Just getting dragged around with the market low volume chop, but on the bright side lots of bullish moves on the options chain as short puts and long calls are traded for far dated expirations (Apr/Jun) + +https://preview.redd.it/rhmsk9zqeuf81.png?width=1472&format=png&auto=webp&s=54c9f29562eca74ff9a1ef0c4b00179a65f72b29 + +Edit 1 10:26 + +Big short this morning with all shares borrowed from Fidelity and IBKR we recovered after a slight drop below Delta neutral if the market continues up so will we. + +https://preview.redd.it/qaopzir34uf81.png?width=1476&format=png&auto=webp&s=165eb95e76647d7e56abf2a45923d8517bb1cd87 + +# Pre-market Analysis + +GME falling off a bit with the broader market, but not down significantly. + +Volume: 11.81k + +Max Pain: @ 105 + +[There is still pretty significant risk on the short side if we cross $111](https://preview.redd.it/u9htqtmxotf81.png?width=2014&format=png&auto=webp&s=7fbd71bef278586453a47c21358aff548095b633) + +Shares to Borrow: + +IBKR - 200,000 @ 2.1% + +Fidelity - 24,781 @ 1% (down 350k from EOD yesterday) + +[GME pre-market 5m](https://preview.redd.it/bmumqsnoptf81.png?width=1481&format=png&auto=webp&s=d3e4e0169ca7eec5e7ff7982ad98bca535696115) + +TTM Squeeze + +https://preview.redd.it/ttwm4qksptf81.png?width=2453&format=png&auto=webp&s=a452f7f17d2282036958d7c9e3e226c066b9f7cc + +CV\_VWAP + +https://preview.redd.it/rfa56dd0qtf81.png?width=2460&format=png&auto=webp&s=186395fb125fe1ee0f3b07c22c12aead0b47b1e2 + +GME FINRA Short Volume + +https://preview.redd.it/0qx53p7hqtf81.png?width=2450&format=png&auto=webp&s=d04730d6c08cf1b8511856e56077e1fbe63ebe77 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +I get the impression 80-90% of the members of this sub are engineers, computer programers, or similar analytical type professionals- and corporate as well. Is that accurate? + +One thing that I notice when I read the sub can be illustrated with an example from the Mr. Money Mustache blog. To paraphrase Mr. Money Mustache's experience, he and his wife worked for about 10 years doing some work they weren't crazy about, to save up 600k, then retire to live on 25k per year, in his spare time he does construction and his wife dabbles in real estate.Thats roughly accurate, right? + +My big issue with line of thinking is, you don't need 600k to live on 25k and do construction and part-time real estate. + +And I think I understand the FI factor in this which is he doesn't NEED the money from his work, so it's different than my buddy who owns his own pest control business, takes off 4 days a week during hunting season, as much time as he wants around the holidays, and probably earns not too much more than Mr. Money Mustache and his wife live on, because my buddy needs the money to survive and they don't. + +Can we all agree there could be a disruption in your life that could clean you out? A health concern not properly covered by insurance, a lawsuit, some world event like the great depression. Or, you could die early and no amount of money could save you. + +I wonder if a lot of you guys are deferring what you REALLY want to do out of what I assume is fear, but its disguised as being prudent and logical? I hope that doesn't sound rude- I just don't understand deferring life in a career you're not crazy about for 10-20 years to be FI. + +Why wait? Why not just start doing what you want to do now? If it's because what you think you really want to do is sit around and play classic video games and travel, not do construction like MMM, it's the internet age! You could turn that into a business, cover your nut, and start living the life you want to live now. + + +So, why am I on this sub and reading MMM? I think there is a lot of value in the prudent approach to life y'all are taking. Why drive an f150 that costs you 1k/mo to operate when you could be in the 10 year old honda civic? Why not invest optimally? I feel like there is a lot of responsible citizenship attached to FIRE, and there is no denying I'd have more flexibility with a mil in the bank. + +I know everyone's situation is different and I'm generalizing A LOT here, not trying to be critical but it does seem like some of you would benefit from Warren Buffett's wisdom: + +“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?” + +I guess substitute "lead to financial independence" for "look good on your resume." + +Am I crazy for bringing this up? + +Thank you and have a good day. +35, married, 3 kids under 6. $4.25M NW with $4M invested. Live in MCOL and spend about $85k a year. Kids have additional 529 for most of college and additional similar sized trust. + +I know I don't live fat, but about $2M of the money is from inheritance. We haven't touched any of it, but we have tried to set our kids up well. + +Our HHI is about $225k. Saving about $75k a year. + +I work FT, wife works PT. I've been at my job for the last couple years and the stress continues to grow. The company environment is really bad, including boss. Achieving company growth goals or any other measurement doesn't bring any redemption or joy, but I do care about my coworkers. And I still care about doing a good job. I don't know why. + +For reasons, I feel locked in to the job until around February, but after that I plan on taking a LOA and then probably quitting. I should've left the job earlier, but covid was/is rough and really amplified unhappiness. PT work for my wife might be about $65k and she says she likes her job. + +My life has been work and kids for a while. I look forward to spending time on hobbies and kids. I want to take some time off, but after a year or two I'll probably try to jump into a job again. + +That's my thought, but hopefully the numbers will continue to be there and I won't feel too much guilt about not working, but I'm not sure. + +We do want to up our standard of living a bit in the future. A bit bigger house as kids grow would be great. $150k a year in spending sounds very fat to me, but hopefully I'm not wrong. + +Our NW is obviously going to be dependent on future market returns and the past 10 years have been great. I think a couple years of taking around $25k from savings and potential lower income returning to employment won't hurt us too bad. + +Hopefully telling my story will help in either feeling assurance or if you think I'm making a mistake in quitting my job. Either way, feedback is appreciated. Thanks for reading. +Does anyone know how theta accelerates / decelerates over a period of days? Like if theta is .30 at 30DTE, is there a general rule of thumb for what it will increase to at 15DTE? If anyone has seen a chart of this info that would be ideal +I am trying to do the math in my head but am wondering if this is a strategy that is worthwhile to explore. And the risks involved. + +Are you able to short a position, and using the funds from selling the stock as collateral for an ATM put? I am assuming it carries the same risks as buying a stock to sell a call. + +Are there any benefits to doing this? +I'm starting to build my account a bit and I can't figure out if I'm better off selling multiple contracts with a narrow spread or one big one with a wide spread. Any help is appreciated. +I've personally experienced the 1987 stock market crash, the dot-com bubble, the 2008 bear market, and the Mt. Gox rocket up _and_ down in 2013. This makes me too old to be cool. But it also means that I've been around long enough to be puzzled by how markets work and don't (!) work. While ethtrader is a fantastic source of news, the fact of the matter is that news is not the best source of wisdom. Wisdom, unfortunately, requires the hard work of learning and introspection which is really, really hard to accomplish during the adrenaline rush of the bull market in ether that we've been having. So, for those of you who want to broaden your perspective and gain a deeper understanding of the market I'd like to recommend the five books that have best helped me understand trading markets: +(1) Devil Take the Hindmost: A History by Edward Chancellor. Why? When bitcoin was new, the bitcoin reddit was flooded with accusations that it was just tulip mania all over again. Yet very few people actually understand what caused the market for tulips to go crazy (like ether) in the Netherlands. What made tulips go to the moon and come crashing back to earth? This along with other manias is covered in this super interesting book. +(2) When Genius Failed: The Rise and Fall of Long Term Capital Management by Roger Lowenstein. These guys had multiple Nobel prize winners! They were invincible! Yet they totally crashed and burned? WTF happened? Can it happen again in crypto where there are also lots of amazingly smart people? What are the underlying risks to watch for? +(3) Money: The Unauthorized Biography--From Coinage to Cryptocurrencies by Felix Martin. So, we're all talking about getting out of "fiat" money and into "cryptocurrency". What exactly are we getting out of and into? What _is_ money? Honestly, this is one of the most interesting books I've read in the past five years. +(4) Common Stocks and Uncommon Profits by Philip A. Fisher. You may think that cryptocurrency is completely new, but even if it is you are trying to do something very old: make money for yourself. How do you know what to buy, when to buy, when to sell, how to judge if you've bought the right thing? This is a small(er) book in the investment field. But it's one of the best if you want to maximize your chances of getting to the point where you need to decide what color Lambo to buy. +(5) Berkshire Hathaway Letters to Shareholders by Warren Buffett (paperback version). Sitting at a desk without a computer and just using his brain, Buffett has become the second wealthiest person in the world. Here, Warren drops serious knowledge. I think there's more wisdom and trading smarts to be gleaned here than from a full MBA course. +Also, I'd like to invite you to recommend your favorites to me. Although I'm getting the recommendations started, I'm no Warren Buffett or George Soros. I'd like to continue learning and -- just maybe -- get a bit smarter. +hello apes, + +This morning I read an article in a newspaper about how ''redditors are collectively hopping on the silver train''. The article in question was from FD, basically the Dutch Financial Times. + +It's about the following article;[https://fd.nl/beurs/1372360/gamestop-beleggers-richten-zich-op-zilvermarkt](https://fd.nl/beurs/1372360/gamestop-beleggers-richten-zich-op-zilvermarkt) + +&#x200B; + +We all know damn well that the ones who bought GME are still holding it, and that no OG WSB member cares about SLV. So I asked them about their sources to justify an article about Redditors buying silver and they replied with these two sources. They basically said that they get first hand information from analysts and that they are not writing anything that is not truthful. Additionally they said they are aware of the market sentiment but that they are also aware of ''redditors driving up the price of silver''. I sent them eight of the most popular posts of WSB of the past 24 hours to point out the market sentiment (which is GME). They provided these sources for their article; + +1. [https://www.reddit.com/r/wallstreetbets/comments/l6novm/the\_real\_dd\_on\_slv\_the\_worlds\_biggest\_short/](https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/) +2. [https://www.reddit.com/r/wallstreetbets/comments/l68ill/the\_biggest\_short\_squeeze\_in\_the\_world\_slv\_silver/](https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/) + +&#x200B; + +One of these posts has even been deleted! I pointed out that the accounts that promote silver are mostly new accounts, or accounts that have been inactive for a long time. They said they did not see any proof for that statement and referred back to two SLV posts here. + +TLDR; Media ignoring the actual market sentiment + +PS; Yes, I can provide screenshots of the emails I wrote, but they are not in English so I figured there would be no point it posting those in WSB. + +Disclaimer; not financial advisor. Do your own research and make your own decisions +I keep seeing this term and google search produced this but it doesn’t explain in lament terms :” In political economy, a zombie company is a company that needs bailouts in order to operate, or an indebted company that is able to repay the interest on its debts but not repay the principal.” + +Thanks +Needless to say my sibling and their partner are not good with money. For many reasons I am not able to have children myself so I would like to invest in my siblings child. If I put money into an account for the child I don’t want their parents to have access to it because I truly believe they will take “loans” from it and just be too irresponsible to put the money back. + +I want the child to know about it so I can encourage them to invest some of their own pocket money and I will match every cent they put in themselves (as well as putting in regularly of course.) Am I able to make such an account without his parents gaining access? Thanks in advance. +Why is slight, steady inflation good? + +I'm surprised this isn't an FAQ. + +It's because it encourages investment, right? + +But isn't it important to have savings, too? +I recently started taking economics classes last August. Currently, I have only done the basics (Intro and Intermediate Micro/Macro). I want to know where I should look so that I can become more knowledgeable about economics. +I have little knowledge of economics (or of mathematics either). And I wish to start learning the basics of it. One of the names I frequently come across is Greg Mankiw's Principles of Economics. Some other names I came across were Hal Varian, HL Ahuja (Indian author). I just skimmed through them and liked Mankiw's one because it didn't have a lot of mathematics and was written in a simple way. + +So before actually committing to that book, I just wanted to ask this Reddit. How good is Mankiw's Principles of Economics? Does it provide a good coverage of all the important topics in economics? How long does it take to cover the whole book? + +Also, what's a good way to learn all those graphs in Economics? Any special learning techniques as such? + +My aim is not to do a degree in Economics. But I need a good base in economics for competitive exams as well as life in general. +Why is slight, steady inflation good? + +I'm surprised this isn't an FAQ. + +It's because it encourages investment, right? + +But isn't it important to have savings, too? +Quick note: If I hear "I'm sorry for your loss" one more time today I will lose my mind. + +I was informed this morning that my sons mother died and am wondering what the next steps are as far as her estate goes. I have no idea if she had life insurance or savings of any kind but would ideally like to set up a trust for our son so that all of his expenses will be covered over the coming years. + +Pertinent information: + +1. She was not married but has been dating someone for about a year. +2. The only thing she owned outright was her car I believe. +3. He is 11 years old and her only child. +4. I have called my lawyer and am waiting a call back. + +Anything helps at this point. + +Edit: mother did not have a will that anyone knows of. + +Edit 2: Don't be a dick. I just want my son to be taken care of and anything that was hers should rightfully be his. +Also, thank you for the advice of getting stuff from her house. Her family along with my son are going over there tomorrow to pack up her stuff. +Background and discussion on the poll can be found here: + +[https://www.reddit.com/r/ethtrader/comments/b7z407/poll\_proposal\_seeking\_community\_input\_on\_using/](https://www.reddit.com/r/ethtrader/comments/b7z407/poll_proposal_seeking_community_input_on_using/) + +The general idea is to compensate the developers working on the [DAONUT project](https://www.reddit.com/r/ethtrader/comments/an5577/a_communityled_initiative_to_decentralize_donuts/), which is currently only /u/carlslarson but will hopefully include at least one additional developer, with the 300,000 donuts currently being allocated every week to the Community Fund. + +The hope is that the funding will help sustain and incentivize the work being done on the DAONUT, to help bring forward the date that /r/EthTrader becomes the first Reddit community to have natively integrated ERC20 donut tokens. + +\_\_\_\_\_ + +Apologies, I didn't set up the original poll, [found here](https://www.reddit.com/r/ethtrader/comments/b958mj/governance_poll_should_the_community_fund_donuts/), correctly for a governance poll. A poll has to be selected as a governance poll when being created to activate the decision threshold mechanism, and has to be set for 5 days (default is 1 day). + +If you voted in the previous poll, please vote here as well. Thanks and sorry again for the mix-up. + +[View Poll](https://www.reddit.com/poll/b9dy2h) +$DARKMOON Just Launched! + +&#x200B; + +The next MoonShot you don't want to miss out on - Constant LP Acquisition, 100% Community Driven, Safe Moonshot! 🚀 🚀 + +&#x200B; + +USE THE V1(OLD) PANCAKESWAP VERSION TO BUY YOUR COIN!! + +&#x200B; + +🚀 $DARKMOON - The New Safemoon of BSC 🚀 + +In a market darkened by scams, rugpulls and uncertainty, $DARKMOON is here for those scammed so many times before. + +$DARKMOON is an entirely 100% community driven token, built for a safe and secure bullride. The multiple anti-whale tokenomics will prevent early investors from becoming large whales and dumping the price later on. + +40% of the total supply has been burned and each transaction has an 8% fee, with 4% being redistributed to all holders and 4% being instantly put back into liquidity. Not only will 8% total fees be plenty to deter swing traders, but $DARKMOON holders will receive huge amounts of tokens just for holding, and the ever increasing liquidity will allow the coin to laugh off huge dumps. + +The 3% Community wallet will be solely used for community nominated marketing strategies and advertising. + +🚀🚀🚀The next MoonShoot has arrived, prepare yourself. 🚀🚀🚀 + +&#x200B; + +\- 100% of Liquidity Burned 🔥 + +\- Renounced Ownership 🔒 + +\- 40% of the total supply has been burned 🔥 + +\- Slippage 9-12% + +&#x200B; + +Website: [https://www.darkmoon.app/](https://www.darkmoon.app/) + +&#x200B; + +Contract: 0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659 + +&#x200B; + +Bscscan: [https://bscscan.com/token/0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659](https://bscscan.com/token/0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659) + +&#x200B; + +Pancakeswap (use V1 to buy): [https://v1exchange.pancakeswap.finance/#/swap?inputCurrency=0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659](https://v1exchange.pancakeswap.finance/#/swap?inputCurrency=0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659) + +&#x200B; + +Chart (PooCoin): [https://poocoin.app/tokens/0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659](https://poocoin.app/tokens/0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659) + +&#x200B; + +Telegram: [https://t.me/darkmoon\_bsc](https://t.me/darkmoon_bsc) +Can GOOG be considered Value at current levels?: + +Stock Split happening + +Drop of 24% from highs + +$70 Billion in buybacks + +So, maybe value is not exactly the right term to explain it but with Walmart with a much higher PE, Google is looking quite interesting at these levels to me +TLDR: Meta free cash flow may drop some staggering 46% in the next year. Nonetheless it is still undervalued, having an intrinsic fair value around 309$ per share. + +Full analysis: [https://youtu.be/7lWlJizZmGk](https://youtu.be/7lWlJizZmGk) + +&#x200B; + +In the last conference call the CFO announced a sharp increase in operating expenses \~92 bn in 2022 (+30% YOY) along with \~31 bn in capital expenditures (+70% YOY). If you combine this with a \~15% expected revenue growth, it means that margins are going to be decimated. I calculated that operating profits will be -9% YOY in 2022 and free cash flow will be -46% YOY in 2022. Are people pricing in these awful numbers from a company that used to print high double digit growth all around? + +In spite of these terrible predictions, the free cash flow generation is still so high that the stock might still be undervalued: **309$ intrinsic value per share**. Assumptions for the DCF valuation: + +* WACC: 8.6% +* revenue growth will slow down progressively to 5% in 2031 +* Free cash flow margins will keep at 15.5% for the next 5 years for then increase progressively to 25% in 2031. +* In 2031 the stock will trade at 17x FCF + +&#x200B; + +On one hand I feel like the market is not pricing in decrease in operating profits and FCF in the next quarters, and when those number will come there will be a lot of selling pressure. On the other hand, the core business of facebook is such a free cash flow machine that the stock is still undervalued from an intrinsic value perspective. + +Would love to hear your thoughs on what you think the intrinsic value is, and what are your thoughts on the stock. +Just looking for a more recent book on the fundamentals of value investing. I really need to improve my skills in this area as an investor. + +Any help is appreciated :) +In 10-15 years, what do you think will be the next set of tech powerhouses? The next FAANG if you will. Which ones will stay? Which ones will be the new addition? What will be the new acronym? +So I started investing in stocks on December of 2020. +I started my value investing journey by reading books such as the Intelligent Investor and multiple of Peter Lynch's books. Other great documents I read were the Berkshire Buffet letters and recently Nick Sleep's Nomad Investment letters. + + +I have placed a portion of my savings into different companies across various countries all around the world. Before I made this investments I have done various research across each company or business and when looking through the financial statements and the different annual reports. I believe these are good companies to own for the upcoming years. + +Whats your story? +I am asking because I was digging around and found a REIT with a Price to Tangible Book Value per Share of 0.49x. By comparison, VNQ's ratio is at 1.90x. + +The company in question is Morguard North American Residential REIT (MRG.UN). +I'm a 17 year old who has had a strong passion for finance and investing for a couple years now, and I aim to make finance my career path in the future. + +Out of interest, I have been watching online lectures, such as a financial theory course from MIT, a finance course from Yale, a valuation course from a lecturer at NYU, and several other shorter, in-depth YouTube videos. + +I've learnt a lot from these lectures and it has sparked my interest to get a more in depth knowledge in financial theory and investing as a whole. Most of the content I have found on YouTube is not as in-depth as what I am looking for, and appears to be catered more towards financial news than specifically financial ideas and theory. + +I have also read books on finance, which include the standard books that every new investor should read, such as *One Up on Wall Street* and *The Intelligent Investor*, among other lesser-known books. What recourses (ideally online) can I utilize while still a high school student to learn about finance without spending a fortune on online courses or super expensive books? (i.e. other courses which delve into different topics, books I could read and have easy and affordable access to, or specific YouTubers that create quality content) +I am currently at the last year of my college degree and have started my adventures in capitalism this year. I had always been interested in investing and the stock market. I have spent a substantial amount of time studying, reading, listening to Buffett, Munger, Pabrai, Graham, Seth Klarman, Guy Spier, Tom Gayner and a host of other investors and associated books. I only finished reading the Nomad Investment Partnership Letters the other day. I have bought only 4 stocks to date with plans to hold them for a while, no meme stocks, I think I understand the businesses and feel that I know what their prospects may be. + +Now I do not spend the day looking at charts or constantly looking at the stock price, but there is a part of me, at the back of my head that is constantly anxious about the stock market and where it is going, I know this probably sounds irrational, but I am having a hard time doing any work and constantly feel this nagging worry about the money I have money in. It is getting very difficult to focus on anything. + +So I really need to know if other people face this or not? and if yes is there anyway to circumvent this? Does it get better over time? Can you actually have an actively managed portfolio and have a job at which you concentrate and are good at, or is this all you have to focus on as an active investor? Does this pass or am I one of those people who are better off with an Index fund rather than active investing(considering the amount of time and effort I have put into learning investing, that would be a very sad outcome)? + +Any help would be much appreciated + +&#x200B; + +edit- I currently own Micron, Alibaba, LAM Research and BJ's wholesale. +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +Hey all, + + +Just a quick one, and a bit of a rant. + + +I've been keeping my emergency fund as cash split between a few old back accounts i don't particularly use since switching to monzo as my main. A few weeks ago i got an email from HSBC saying my account has been dormant and do i want to keep it, if so, do some transaction or it will be closed. Fine i thought, i'll just move that cash (1k) out to another account. Well that kicked off fraud protection, no worries, i called to resolve it, now my account has been locked for over a week. + + +Why bloody bother, that isn't emergency cash any more! Now im starting to get annoyed and i'm chasing them up to resolve it, its not exactly mind bending money, and its moving between 2 of my accounts (admittedly they haven't transacted before). sigh.. + + +I guess for anyone else doing this, make sure your accounts have transacted and cross added as trusted payees first with smaller amounts. + + +Where do you guys keep your emergency funds? +[Original post](https://www.reddit.com/r/povertyfinance/comments/dexhsa/im_on_track_to_wipe_away_my_debt_by_the_end_of/) + +&#x200B; + +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. + +&#x200B; + +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. + +&#x200B; + +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.) + +&#x200B; + +You guys are the first people I've told. Thank you, I'm gonna go tell my mom! +First off, if you're lending an ear (or an eye) I want to sincerely thank you. I've told this story so many times when asked about the last 7 years of my life; anything that has had to do with school, loans for school and building my credit/savings. + +April 2009 I started a job at a local Chili's Bar and Grill as a busser. I was 17 years old It was just a side job on the weekends during high school. I was making $2.13/h with added 'tips' from the waiters and waitresses. + +A big thing my dad has always preached to me was to save money, so I decided to open a bank account with Bank of America solely because the check that I received from my job came from that bank. + +I remember, very clearly, being brought into an office to set up a 'student' account with them. The representative made sure to explain all the benefits of the account being that I was a student. However, the ironic part about the whole experience was her putting an emphasis on overdraft protection that came with the account, to protect students from incurring fees that they could not afford. Fair enough. That sold me. It seemed as though it was a solid decision at the time so I went through with it. + +About a week in, I used the debit card that came with the checking account I set up to buy something on the net. I can't remember exactly what it was buy I DO remember this company double charging me and... Low and behold... Over-drafting my account by 5 dollars. + +I was only my making so much while working at this job, and it had been apparent to me, at the time, that I was either lied to by this bank representative about 'overdraft protection' or something fell through the cracks. I didn't want any more trouble so I decided to pay the overdraft fee and then close the account. + + +Then something horrid happens that effects the next 5-6 years of my life, and this is mainly what I'm posting here for: + +**As it turns out BoA had placed something of a 'credit' lock on my social security** + +- Preventing me from taking out loans for myself to go to school when it was time. + +- Opening up any bank accounts at any bank in the country. + +- Opening any credit cards to establish and grow my credit. + +- Flagged me as an identity thief on my own name. + +Besides the slimy legal crap, it looks like I have to go through, I'm here posting this because I'd like to know how do I get out of this rut BOA has put my in. I was able to attend school for two years because my grandfather cosigned for me for two years.. but his passing has forced me to leave school and attend community college where I can only go if I pay out of pocket. + +For years I've been working and trying my best to pay these loans, all while putting food in my mouth.. paying my parents (who I live with) rent, and living expenses. But I can only do so much with the 9-10 dollar an hour jobs and I don't know what to do any more. + +**TL;DR: Bank of America places a sketchy 'ban' on my credit because I closed my bank account after a over-drafting and it has crippled my finances so much, I couldn't finish school and I'm struggling to get by among other things.** + +Any help is greatly appreciated... Thank you!! + +**[EDIT]** A big thanks to /u/Amara313 for posting information about something called [ChexSystems](https://www.nerdwallet.com/blog/banking/blacklisted-by-chexsystems-what-to-know/). This is the exact same thing that has happened and plagued me for the last 7 years of my life. + +I hope this serves as some help by some bizarre consequence it happens to you too! + +**[EDIT2/Update]** I wanted to make this in response to all the support and added discussion. I did NOT expect this post to gain all the traction that it did. Some of you even messaged me personally. I seriously could not be more thankful of all of you chiming in. It means a lot and makes me love this site even more. I have to go to the proper steps to reactivate my case against BoA. Not officially, but it was only up until today I had some time of substantial update to my dilemma. Like, I have actual answers to some things. That's so relieving, so I will pursue this. I will update this post with substantial updates so that it may actually serve as help to people who have had similar problems and didn't know how to go about fixing it. +Y'all are all LAMBOS MOON X10 HEUHEUHEU for months like its never gonna end, and now you want to act as if the whole ship is going down for good? Are you seriously that naive? Market consolidations are normal you fucking idiots. NOTHING does 2000% + and then just magically finds a fucking base there. + +Everyone crying about the manipulation is just a fuckin hypocrite. You loved making the money that the unregulated market allowed you to make, but you were too dumb and greedy to know when to exit. Cry more fuckin bag holders. The market will come back. Who cares how long that takes because it guaranteed will. The entire crypto cap is still grossly undervalued, but you need MODEST growth in order to be sustainable. + +chill. the. fuck. out. + +edit: for the people nay-saying that this is definitely a crash - a market needs to be considered stable at its net present value before it can be considered to have crashed. this market has been overbought/overstretched way past the point of being stable in the long term. When your alt coins hit an ATH and then drop 40% but still end up 10x gains on what they were before the run up, you don't call that a crash, you call it a "healthy correction." This logic applies to the market as a whole and on much broader frames of reference. if you think that corrections only apply to day trading windows, you are part of the problem. +As the beginning of next year, California will enforce new animal welfare law for breeding pigs and other farm animals. But only 4% of the hog operations currently can comply. According to one farmer, to meet the new standard, he needs 3 million for the upgrade to raise just 250 hogs. Restaurants owners are worried because bacon is one of the most popular breakfast items and bacon helped their business survive the pandemic. ([https://www.bloomberg.com/news/articles/2021-07-31/bacon-may-disappear-in-california-as-pig-rules-take-effect](https://www.bloomberg.com/news/articles/2021-07-31/bacon-may-disappear-in-california-as-pig-rules-take-effect?srnd=premium)). People love bacon from all backgrounds. "You know, I work and live with a lot of Asian and Hispanic populations in the city and their diet consists of pork bacon. Pork bacon is huge," Kim said. "It’s almost like bread and butter." + +Bacon love is ingrained into our soul and genetics and therefore an inelastic demand. A small change in bacon supply can lead to a drastic change in price, as explained by graph below. + +[Inelastic Demand Price Action](https://preview.redd.it/huc5pz6xoue71.jpg?width=570&format=pjpg&auto=webp&s=fcea15c61d5e19157c1cfb07d1e9684142bf67c2) + +According to consulting firm Hitamiya Group, if half of the pork supply was lost, bacon price would jump 60% which means a $6 package could rise to $9.60 cents ([https://www.bloomberg.com/news/articles/2021-07-31/bacon-may-disappear-in-california-as-pig-rules-take-effect?srnd=premium](https://www.bloomberg.com/news/articles/2021-07-31/bacon-may-disappear-in-california-as-pig-rules-take-effect?srnd=premium)). If 90% - 95% of the supplies are gone, the fair price should be at least 2.5 times the current market value. And that means **1 package of bacon is $15 per package.** + +You must wonder, how do I profit from this? A very ancient trade technique - BUY LOW SELL HIGH + +I am not talking about buying 10 packs of bacon from Costco and resale them later. I am talking about doing it at scale. Go big or go home. + +**Step 1 - Install Freezers in Your Garage** + +Let’s figure out how many freezers you can potentially have. First park your cars on the street and empty the garage. The average garage size is 12 feet \* 22 feet \* 8 feet. So 12 \* 22 \* 8 = 2112 cubic feet. + +The below fridge dimension is 37.25 x 20.75 x 33.25 inches and can storage up to 7 cubic feet items. + +[ Ideal Fridge to Keep Bacon](https://preview.redd.it/yfk3jbp3que71.jpg?width=1282&format=pjpg&auto=webp&s=731f5da26e2187ec37b1dbd4fbabc5b7789ebd15) + +Let’s do more math to see how many fridges your garage can potentially store. + +2112 (volume of garage) \* 1728 (1 cubic feet is 1728 cubic inch) / 37.25 \* 20.75 \* 33.25 (volume of fridge) = **142 fridges** + +Obviously you can’t just stack all of those fridges in the garage. Let’s say we can achieve 80% of that. And that means you can have around **110 fridges.** + +Remember to use Amazon FREE SHIPPING. Very important to save cost. + +**Fridge Cost with Tax**: 110 \* 229 \* 1.1 (Uncle Sam wants the tax) = **$27709** + +|**Item**|Cost| +|:-|:-| +|110 Fridges|$27709| + +**Step 2 - Buy Bacon in Bulk and use FREE SHIPPING** + +According to USDA ([https://www.ers.usda.gov/data-products/meat-price-spreads/](https://www.ers.usda.gov/data-products/meat-price-spreads/)), one package (1 pound) of bacon in June 2021 is about $6.67. We can get this much lower by buying from Costco in BULK. As you can see below, **our one package cost is $4.53** AFTER tax including delivery. Again, very important to use free shipping to save cost. + +[Bacon Price From Costco](https://preview.redd.it/4a12382erue71.png?width=1840&format=png&auto=webp&s=48f5dacba1eb055847e3b266aef24fb5abcee393) + +It's time to calculate how much to buy. The size of one package of bacon is about 10 inch \* 4 inch \* 1 inch so 40 cubic inch. And the volume of our fridge is 7 cubic feet which is 12096 cubic inch. So one fridge can store around 300 packages or pounds of bacon. With 110 fridges, we can store 33000 packages or pounds of bacon. Each pound of bacon is $4.53, so the total cost of bacon is $149,490 + +Total Cost So Far + +|**Item**|Cost| +|:-|:-| +|110 Fridges|$27709| +|33000 packages or 2200 cases of bacon|$149,490| + +**Step 3 - Factor In the Electricity Cost** + +Running 110 freezers in the garage is apparently very energy consuming and electricity is expensive in California, at about 20 cents / kWh. + +The freezer is 150 watts so running 110 freezers for let's say 6 months will cost $14256. You can check my math below: + +150 watts \* 6 (month) \* 30 (days) \* 24 (hours) / 1000 = 648 kWh (one fridge running a year energy consumption) + +648 kWh \* 0.2 cents / kWh \* 110 = $14256 + +Total Cost So Far + +|**Item**|Cost| +|:-|:-| +|110 Fridges|$27709| +|33000 packages or 2200 cases of bacon|$149,490| +|Electricity|$14256| + +Step 4 - Sell High And Take Profits + +Don't diamond hand bacon, you are in 2022 and it's time to sell for a profit! + +The cost of bacon per package factoring in everything so far is **$5.8.** And we unload each package for $15. So that means each package profit is $9.2. + +# The total profit is $9.2 * 33000 = $303,600 + +If you too lazy to contact customers or answer phone calls yourself, just hire someone for like 20K a month to the work for you. I expect the inventory goes to zero in a month so at the end of the day, you pocket close to $280,000 profits. + +And you can figure out the tax part and probably can resell those freezers for half the price. + +TLDR: Buy Bacon Now and Get Rich Later +Right now I'm paying about $13,000/yr for daycare. I tell people that once the kids are old enough to go to public school I won't know what to do with the extra $1,000 per month (post tax). Then they always tell me "oh, buddy. It doesn't get easier. You've got books and uniforms and lunches to pay yada yada". I drop it after that. + + +But so. many. people. say the exact same thing. In my head I think, "no way are schools lunches and uniforms $1,000 per month!" + + +Does anybody here (who actually budgets unlike my friends) have real numbers to give me? + + +Edit: KY, USA + + +Edit Edit: Every school here has uniforms. Or maybe "dress code" to some of you. Usually slacks either khaki or blue with either white, blue, or red 3-button polo. +I do not have any formal education in finance, but I was fortunate enough to find a job in real estate development where I was taught how to read, create, and edit a proforma. I'm curious about how investors without this background did their due diligence. What resources did you use? Did you seek the advice of more seasoned investors, or did you do everything on your own? Were there any online resources that you found useful? +I blame all the YouTube House hack videos. Idk why people are still buying at these numbers. There is no profit in my area. A 2br is gonna pull 700 to 900 max in rent. All the duplexes listed are going to run you 1800month with 20% down on 350k purchase price. These same homes were 150k 3 years ago. + + + +I know I know. Prices have gone up but damn. If you house hack your still paying half the mortgage and if you rent both side you'll barely pay the mortgage. God forbid something breaks. + + +Numbers are all jacked. Crazy times. + + +End rant +Hello Personal Financiers! This is my story, and personally not a fun one. This last Presidents’ Day I decided to take the big once (hopefully) in a lifetime step and purchase an engagement ring for the one love of my life! How exciting! I went to the store, placed the down deposit and the friendly charismatic sales person was more than eager to ring it up as it was not cheap! The sales lady advised me that they would reach out in 4-8 weeks to let me know when my ring is ready. I was also told I would receive my billing in the mail! Shortly after this order the Covid-19 lockdown went into place in my area. The jewelry store was now effectively closed until further notice... and still is. So I sat tight and waited for a billing statement or account information to begin my payments on a ring. The statements never came and the jeweler never reached out. I figured it was a product of store shutdown and wasn’t too worried. Fast forward to today, This morning I received a notification that my credit dropped 70 points! I damn near had a heart attack! Low and behold it’s the jeweler claiming I have a delinquent account by 30-90 days. I’m aghast by this. How was I supposed to pay on an account when I don’t know the account information? I never received a bill in the mail either? To top it off the store is closed and I can’t get in contact with the jeweler! This is where I come to all you more experienced people of the Internet. What am I to do? I’m young and have never missed a payment on my debts ever! I have never really dealt with something like this and need help! +Keep in mind the long term picture. + +Don't loose sight of the possibilities Ethereum grants, and will evolve to meet. + +Human incentives can be changed/aligned for the better. Democratized liberty, efficiency, and prosperity are available. Truth, trustlessness, and transpency will grant unique transitory opportunity. + + +The individuals working towards these ends deserve more recognition & support from all of us. +I've been trying to teach myself how to forex trade and one thing I keep getting met with is the need for a mentor, I've tried to find out if a mentor is needed to be successful in forex trading but everywhere I look is just people trying to sell groups and services, none of it seems like genuine advice and more just people saying you NEED a mentor so they can sell their service to you. + +So my question is, do you NEED a mentor or expert in the field to be successful in forex, or is this just a tactic people are using to get you to buy their programs and services? +I have been paper trading for over a year and have done pretty well. I just started live trading and I am just breakeven. Most nights when I take a trade the price instantly reverses as if my buy or sell is support or resistance, I could literally close my eyes and this would happen. The moment I get out of the trade or my stop loss is hit the regular trend I was looking at resumes. + + +I have tried using EMA, SMA, Price Action, Ichi, and Super trend techniques. I have tried analyzing different time frames. It all comes to the same result. I have no idea where to go from here. +Another man down. Seems as though he’s deleted his account. I have no idea why. I always appreciated his wise words, even if he could be a little emo sometimes. Let’s all take a moment of silence for u/Vanguer and u/Supplyanddemandguy +i Live in australia and use ICMarkets, i do use abit of leverage but nothing TOO crazy, i understand all the risks but i have my own system ive been succesful with. im not here to say " its easy " or crap like that.... i have dedicated countless hours and months too learning the forex markets, learning patterns , going over charts and all sort of fundamentals. + + + i am just wondering why Forex trading is hated and looked down upon by so many people who are into the Markets.... i Was doing some reading on the Internet and i just couldn't belive the amount of trash i read regarding Forex.. its Like all the Stupid fuks who CANT Succeed or be Bothered too learn this type of trading just talk shit about it, Complete fuking trash is all i read... + + + i can understand why the normie Generic person would say its terrible, Because they dont understand the basics of how this type of stuff works. Same as people who cant be Fuked learning all the bits of information you need to know... + But besides that its almost like every single person i come across has a bad thing to say about trading + It's now being said that de-globalization is the new trend. Which stocks, industries, countries will benefit most from this, as investment targets? + +What would 'de-globalization' look like? What's driving this trend? Is this trend really about 'de-globalization', or is it just about de-coupling from China & Russia? Arguably, China & Russia have been big beneficiaries of globalization, especially China which has made itself the world's factory. If the new 'de-globalization' trend is really about de-coupling from China & Russia, then they would be expected to lose from it. + +We're hearing newer words beyond 'near-shoring' -- words or phrases like 'friend-shoring', etc. How can such criteria be quantified? Earnings reports and forecasts can show objective criteria like earnings, revenues, profitability, etc. But how do companies, industries, national economies demonstrate 'friendliness'? Is this a purely political and subjective term? Can it be used to influence investors? Or will the 'friend-shoring' trend be a purely regulatory effect, driven by regulations? + +There have been metrics and standards created for ESG (Environmental Social Governance), and so can we expect new metrics and standards to be created for 'friendliness'? Who gets to create and set these metrics and standards? Will this be done apolitically, or will it be an entirely political exercise? + +Will there be universal buy-in, adherence and compliance? If not, then how can we expect this trend to progress or succeed? Or will this trend just fizzle out? +For ETFs with all of their holdings on the NYSE e.g. a US index fund, or a Big Tech ETF like TD's TEC.TO, is the price movement today solely driven by supply/demand given that the underlying assets are not trading? + +Theoretical question haha. +The shorted shares have been found, they are hiding them in an ETF, WE HAVE THEM BY THE BALLS, JUST KEEP FONDLING UNTIL ITS TIME TO SQUEEZE SO TIGHT THEY CANT REPRODUCE, time for them fucks to finally pay for the decades of them kicking us while we were down, it’s time to put them on there knees and put the fucking boots to them, AND IM A MIDDLE CLASS STEEL TOE BOOT WEARING LAID OFF MOTHERFUCKER WITH NOTHING LEFT TO LOOSSE, they can literally take nothing else from me, BUT I CAN TEKE FROM THEM, AND TAKE I SHALL +Hi, weird question but what % returns would a top notch ASX targeted share trader be making annually? My wife just started out in the past month and is doing insanely well, like 1% per day average return after costs. These figures can not be sustainable and I can not find any information like this with a google search either? Is it super secret or does no one know? +Over the past week, a spammer has been sending tens of millions of tiny transactions to new wallets. This has been bloating the Nano blockchain which has been putting stress on the validators. + +They were handling it fairly well, until today. The attacker ramped up his attack and averaged 60 TPS, with bursts up to 500 TPS. This overloaded many of the nodes and they have started desyncing. Confirmation time is over 5.5 seconds and climbing fast. Before the attack, it was around 0.2 seconds. Edit: Seems like a lot of transactions aren't going through at all. + +Its unfortunate for the network, but fascinating to watch from a data perspective. I linked some resources below. + + +https://nanoticker.info/ +https://nanocrawler.cc/network +https://nanolooker.com/ +There is a huge huge amount of open interest in May 20- 390 380 370 puts. + +does this make you think market makers will try to make these all expire worthless, and market rebounds before next friday? + +in your experience.... +The recent bullish sentiment is driven by forecasts for earnings growth of 10% next year. A Forbes article says that may have to be revised down. + +10% Earnings growth would require the 5% revenue growth forecast PLUS net margin expansion. However net margins at 11% are already above historic averages (after Trump's tax boost in 2018) and a fall back to 10% averages looks more likely. + +Any downward revision would likely have a significant impact on sentiments and valuations. + +The last time the stock market valuations traded at this level (with a forward PE of 18.1) was in January 2018 when there was a sharp correction. On Friday, CNN's Fear and Greed Indexwas at 91 out of 100. At these levels, it seems likely that the only way is down. + +Thats not the end of the world, and nobody can be sure when the correction will come, but investors with shorter investing horizons would be wise to consider a partial pivot into cash or gold. + + +"Follow" me if you would like to receive updates during the week. + +This is not a recommendation to buy or sell. Stocks are not suitable for everyone. Please do your own research. + +https://www.forbes.com/sites/chuckjones/2019/12/23/the-stock-market-needs-earnings-growth-to-rise-in-2020/ + +https://www.barrons.com/articles/stocks-hit-new-highs-just-one-year-after-bleak-lows-51576889480 +Happy Holidays Apes! + +We are opening today right on max pain @ 155. Based on yesterday's adherence to this price range and this morning's also low pre-market volume, we will likely end the week right around this point. + +While a run this week would have been nice, the massive shorting incurred over the last two weeks seemed to be sufficient to reduce their call side exposure. So unless the fund managers running the now 3 ETFs placed on the threshold list over the last week decide to recall, APs return the created shares in T+6 (Mon/Tues next week), we will have to wait for the FTDs to start rolling in, in January. + +Unfortunately without sufficient data there was no way to predict the amount of exposure from all of the possible sources (GME, ETFs, and Futures). **We simply had to wait for it to play out**. our only data point was for December 2020 and it being directly after Ryan Cohen's buy-in could have highlighted a part of the cycle that wasn't actually that great in magnitude. + +We knew that GEX on the GME options chain was minimal. While OI was actually pretty high for the 17th, the - 49.01% drop in price over the previous two weeks was sufficient to drive those calls out of the money. This synthetic sell-off across the entire sector was clearly sufficient to reduce exposure in the other basket stocks and ETFs as well dropping them all below their long term moving average and generally below the price those options were sold at. With Delta Sensitivity as high as u/yelyah2 noted, the option to allow the price to rise was not on the table. + +I would reassess my theory at this point if not for... + +* The fact that very few shares of GME were borrowed from the lending pool (evidenced in the daily counts from Fidelity and IBKR, along with minimal increase to the borrow rate) +* The inclusion of multiple ETFs on the RegSHO Threshold list that are known sources of GME synthetics + +**Removing a year of growth on an entire sector in two weeks is no small feat and in direct relation to the date LEAP and Quarterly exposure was due.** + +While some of those stocks may have plenty of liquidity to allow massive shorting. GME does not, and like any other period in my thesis the failure to cover exposure or the synthetic covering/avoidance of exposure nets FTDs. + +With all the cans kicked into January I'm still looking forward to this cycles FTD anomaly period. + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +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 + +Descending channel throughout the day after that peak earlier all the way into a close $3 below max pain. If there is some covering from the massive number of ETF shorts it should be within that T+6 window from the 17th, additionally the 27th is an the first FTD day of the January cycle. It will probably be minimal as it is GME FTDs not ETFs. Thank you all for tuning in and a happy holidays to everyone + +\- Gherkinit + +https://preview.redd.it/2wo8azodzc781.png?width=699&format=png&auto=webp&s=314a68807fe8d38f2593cc6b11bbfc21b66f4683 + +https://preview.redd.it/r7243g8gzc781.png?width=1629&format=png&auto=webp&s=9573afb729b69a18f35359769fc65eccece5b625 + +Edit 3 1:32 + +Just to clear up any confusion + +https://preview.redd.it/3gk2k8nz5c781.png?width=722&format=png&auto=webp&s=1bf3a4e297c0ee2845fb23c5aa7c41802de872e9 + +Edit 2 11:35 + +GME making a very nice recovery even with half the daily volume borrowed in short positions. Looking for a break of max pain if the trend persists. + +https://preview.redd.it/m99aufeykb781.png?width=1630&format=png&auto=webp&s=a9070e0d9106c785e8d2c771a2cbdd75dfdb8d6a + +Edit 1 10:45 + +188k thousand shares borrowed and 456k volume so far today. It looks like we found some support after this mornings short at 146 and are now stabilizing to the upside. + +https://preview.redd.it/y0z96pb5cb781.png?width=1623&format=png&auto=webp&s=120c536d85005208df3f3a838ebab0c2057dd4a7 + +# Pre-Market Analysis + +GME showing a couple little volatility spikes in pre-market, volume is slightly better than yesterday but still extremely low at 6.28k. + +Shares to Borrow: + +IBKR - 85,000 @ 0.9% (15,000 returned) + +Fidelity - 690,820 @ 0.75% 👀 + +[GME Pre-market 1m](https://preview.redd.it/u2z9u08nva781.png?width=1619&format=png&auto=webp&s=0aec0c9a6562b1955c21d65c97eb80f75c2c6e42) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +I fit the absolute definition of a smooth brain, but here is a thought: based on my understanding of u/veradico ‘s post: + +GameStop can’t issue a dividend until they post a profit (net positive EPS). + +Reference post: + +[legalities of issuing a dividend without a net positive EPS](https://www.reddit.com/r/Superstonk/comments/pkxyp3/apes_read_this_regarding_a_possible_dividend/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +‘Talk is cheep it takes money to buy whiskey’ + +May mean now is the time to shop at our favourite store……… + +We’ve got the buy, hold, DRS system, down pat. GameStop has the NFT dividend locked and loaded….. maybe it’s time to reward ourselves with some new games, consoles, collectables etc. + +Endgame nears! Let’s go Apes!!!! 🚀🚀🚀 +And can take several weeks to expire. A 5lb bag can last you a week, and is often less than $3. + +Heres 63 different ways to cook them. +https://youtu.be/hc3TEaT3WHA +Wanted to share my financial journey and a huge shoutout to everyone in this community that helped me with this journey! + +In April 2016 I had just turned 25 and officially paid off OSAP (student loans) and financially had a net worth of $0. + +Prior to this I was making $40-45K and was making $1000 monthly payments while paying rent to OSAP. + +Since then this is how my net worth has grown: + +April 2016 - NW $0 + +Dec 2017 - NW $38,125 + +Dec 2018 - NW $63,868 + +Dec 2019 - NW $136,666 + +Dec 2020 - NW $217,731 + +April 2021 - NW $250,615 + +Major Milestones: + +* Bought a townhouse in a high cost of living (Toronto) for 782K in Aug 2018 and in Apr 2021 neighbour sold for 965k (current value in NW calc is 912k adjusted for closing costs) +* Had major investments via my TFSA in weed stocks like IAN, ACB, MMEN (down like 25k still) + +2020 was the first year where I started actually monitoring my expenses n my savings rate. In 2020 my savings rate was 53.75% and when you factor in mortgage payments that go to principal as savings then its 67.15% + +Here is a chart of how I spent my income: + +[https://imgur.com/a/CqAkpen](https://imgur.com/a/CqAkpen) + +My Current Balance sheet is: + +RRSP $34,422.29 + +TFSA $118,027.61 + +Employer RRSP $4,585.46 + +House $456,000 (50% ownership with GF) + +Credit Card debt $800 + +Loan from GF $72,08.98 (Her incremental investment into house) (HUGE help from her!) + +Mortgage $288,811.56 + +Net Worth $250,615.53 + +Whats next? + +In 2021 I will be going back to school for a masters in Data Science in the hopes that it helps me with getting a higher salary so that I can continue to save more. In 2021 I would also like to increase the actual amount I saved by $10K but will also be taking a massive dent into my assets due to school fees but hopefully its a good investment in the long run. + +If anyone has any advice on what I can do better please let me know! anyone looking for advice send me a PM! + +EDIT: Expenses are in half because GF pays the other half. + +EDIT2: There seems to be some confusion. In 2016 my Income was 45K gross, in 2017-2019 it was 67K gross in 2020 it was 80k gross and then 2021 it is now 110K gross + +&#x200B; + +[http://sankeymatic.com/build/](http://sankeymatic.com/build/) +In this hypothetical scenario where these numbers are constant, which would you pick and why? In an RRSP would it even matter? Obviously we are reinvesting dividends to essentially get the same total return. + +Edit: maybe we can spice this up by assuming that this dividend stock pays out monthly (so 1/12 of 10%) +2015 Price doesn't move much. I need more action. + +2016 $1000 for one coin. It never was higher. I am not stupid. + +2017 Bitcoin price went up all year long. I am not stupid. + +2018 Bitcoin has fallen nearly every day this year. It's dead. + +2019 It went up all the year. I am not stupid. + +2020 The new hype pushed it to new highs. I am not stupid. + +June 2021 The hype is over. 6 years ago i would have bought it. +This is something that a lot of people have already discussed, but I feel like it has not yet been phrased the way I want people to understand it. + +Dr. Trimbath was first mentioned following atobitt's House of Cards post which highlighted issues that come with the way DTCC runs the securities business- naked short selling and failures to deliver. And those are the 3 main subject around which you should ask the questions: DTCC, naked shorting, FTDs. I don't think GME should be the subject at all.Don't ask her if Citadel is naked shorting GME. Aske her how naked shorting works, how you can detect them or measure their scope.Don't ask her if hedgies are hiding FTDs in dark pools. Aske her how FTDs can be manipulated.Don't ask her if estimated numbers posted here are remotely accurate. Ask her if DTCC themselves even know what the hell is actually going on or if they even have the ability to ever figure out what has been going on. + +And then, after we grow some wrinkes on our brains, we might be able to apply it to GME. + +&#x200B; + +As a side not, I'm also kinda sceptical about AMAs and how they go against out confirmation bias, but I hate people sayong that "it's just an opinion of one person and they haven't read the god-like DD we have read". Yeah, those people are not invested into GME specificaly as we are and it's not like an opinion of some people can defy how really damn suspicious (too suspicious to be a coincidence) GME is, but it still makes you sound like a cultist. + **Introduction:** + +I’m 34, male, single and as of 1 November this year, I have officially been FIREd for 1 year. I did not create a FIRE post when I pulled the trigger because I actually was laid off from my last job a couple years before I had originally planned to FIRE. I did not really feel motivated to look for another job right away so after looking over my finances, I determined that I was leanFIRE ready and decided to go for it. I chose to use my first post-FIRE year to determine a. Whether my lifestyle was financially viable and sustainable, and b. Whether I actually enjoyed the FIRE lifestyle. After 1 year the answer to both these questions is YES and here is my 1 year post-FIRE report. It’s going to be lengthy. + +I will bold the different sections if you want to scroll down and only look at the ones that interest you. + +&#x200B; + +**Supporting data spreadsheets and charts.** + +My current net worth breakdown, pulled from personal capital which I use to track my accounts: + +[https://imgur.com/fWu4H6b](https://imgur.com/fWu4H6b) + +Chart tracking my net worth over the last year, also pulled from personal capital: + +[https://imgur.com/73ilZYq](https://imgur.com/73ilZYq) + +My Personal Budget Spreadsheet: NOTE, this does not track my real time spending, only projected based on what I have been spending so far. You’ll see why I did not track my actual spending later on in this post. My bank account also has its own spending tracker that I use to monitor my spending and I used that date to create this budget. It is more or less on track with my actual spending with minor variations depending on the month. + +[https://docs.google.com/spreadsheets/d/1hHsGaJWUcv7S\_zQcCu8h8nRVWrTWA9arC-vXol7kKLA/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1hHsGaJWUcv7S_zQcCu8h8nRVWrTWA9arC-vXol7kKLA/edit?usp=sharing) + +Expenses/earnings for my duplex this year (personal information deleted): + +[https://drive.google.com/file/d/1nbWJeOUiSXYuNvnnHclBhMd\_8Uq3F8HA/view?usp=sharing](https://drive.google.com/file/d/1nbWJeOUiSXYuNvnnHclBhMd_8Uq3F8HA/view?usp=sharing) + +Debt is $0, no car payments, no mortgage, nothing. + +&#x200B; + +**Brief bullet point breakdown of how I reached FIRE:** + +\-9 years in the Army as an Officer after I graduated college, 3.5 years of that spent overseas (combat deployments earn bonus pay and salary is not taxed) + +\-Low spending, high savings, aggressive investment into the stock market starting in 2009 (almost exclusively index funds), and all throughout the bull market recovery over the following 10 years. Savings rate ranged from roughly 30% (early in my career) to 95% (during a year of combat deployment in which I spent almost no money as I was living in an Army base in the desert with no bills to pay and not much to spend money on) + +\-Always looked for ways to save money, cut my own hair, made my own lunches, took advantage of military benefits such as the GI Bill to further my education for free, didn’t make a purchase if there was a free/cheaper alternative etc. + +\-Left the Army due to health issues, received military disability, which makes me eligible for VA healthcare as well as receiving a monthly disability check. + +\-Got a job as a manager for a manufacturing company for 1 year after the Army, but was then laid off due to restructuring. Decided to leanFIRE early after that as opposed to finding another job for another couple years. + +&#x200B; + +**Major financial events over the last year (tldr at the end):** + +**Buying a new property:** + +So, after I decided to FIRE, my first major decision was to buy a permanent home as I had been renting all of my professional career due to moving a lot in the Army. I decided to purchase a duplex/multi family property so that I could live in one unit and rent out the other for additional income. I ended up getting one for cheap because the previous owners had not maintained it well and it needed a lot of cosmetic work, but structurally it was fine. + +The building had 2 apartments, a 1200 square foot apartment that a family of long term renters lived in (they had lived there 12 years and raised their kids there, they had paid rent on time and taken pretty good care of their apartment, at least considering how little the landlord had done). It did have a number of issues though, they had pipe leaks, a broken dishwasher, a toilet that needed replacing, a few holes in the walls that had never been patched up etc. + +The other unit was an 800 square foot apartment that was in very bad shape, lots of water damage/mold that needed to be completely renovated (walls, floors, kitchen/bathroom cabinets) pretty much the entire apartment needed to be stripped down and redone. There was also work that needed to be done on the outside of the house such as broken gutters, a broke down shed in the back that was just a pile of scrap and other stuff. + +The property was valued at approximately $117,000 according to tax estimates, the owner had it on sale for $111,000, and it had been listed for almost half a year (most people don’t want to own a duplex and have to fix up a lot of issues after buying a house). After a lot of haggling back and forth, I bought the property as is for $90,000. This also is why there is a jagged “slice” in the first part of my net worth chart, where I sold investments and then added the value of the property shortly after. + +The negotiations took place at the end of 2019, but I scheduled the actual sale to happen in January, reason being was I was planning on selling off investments to pay for the house in cash, but as I would be earning no salary in 2020, my taxes would be very low for my long term capital gains. Everything with the sale went smoothly. I worked with a real estate agent that I got through a Army Veterans housing program who had worked with Soldiers before, solid guy, would recommend. + +**Renovation and Flooding:** + +From January through May I had the house renovated, fixed a LOT of issues. Everything was perfect, I fixed all the major issues in the renter’s apartment (they were very happy) and completely redid the 800 foot apartment which I was going to move into, new floors, walls, ceiling, kitchen, bathroom etc. Took a video of a walk through of it to show off to my family and had my move in date scheduled. + +The DAY BEFORE I was supposed to move in, the area was hit by the worst flooding in about 14 years. While the flood did not directly flood the area where my house was, it turns out there is a drain right outside my apartment (which is much lower elevation than the tenants apartment) that led straight to the river, when the river flooded it pushed water up the drain and into my apartment. I rushed down to find 4 inches of standing water in my brand new apartment. I cancelled the move, bought a pump to get the water out and called servpro for water damage cleanup. Brand new flooring and cabinets had to be replaced and the walls had to be cut into about halfway up because they had soaked up too much water. This was not only expensive but soul crushing as well, my brand new apartment was wrecked. + +Second renovations happened from May-June, I salvaged what I could. I didn’t want to buy brand new cabinets/counters all over again so I reused what I could, but it definitely lost a lot of the “brand new” feeling that it had had before. + +Anyway, the move in finally happened at the end of June. I had also been renting an apartment during the whole renovation process, so was paying rent and apartment utilities from November 2019 through July 2020 on top of everything else. + +**Tldr:** + +Bought a duplex for $90,000, valued at $117,000, but it needed a lot of repairs/renovations. Long term tenants already living in one unit. + +Spent roughly $23,000 on the first set of renovations to fix up both apartments. + +Area flooded, flooding my new apartment. + +Spent roughly $17,500 on the post flood cleanup and second round of renovations + +See expenses/earnings spreadsheet linked at the top of this post for more details. + +Also spent roughly $7,000 on rent and utilities from November through July for a place to stay while renovating the new place. + +Amazingly, even though I was spending a large amount of money during this time, my net worth still continued to increase (see the net worth chart) thanks to the market continuing to grow. + +&#x200B; + +**Current financial situation (see earning/spending spreadsheet for full budget breakdown):** + +Current annual income (Sources are Investment dividends/interest, rent and military disability): + +\~$31,000 + +Estimated annual expenses (not including unplanned expenses) + +\~$15,000 + +After all the ridiculous amount of spending I did during the first half of the year (And also why I do not have a spending tracking chart as it would look bonkers) I have now settled down into a regular schedule. I am continuing to be thrifty, as it’s the lifestyle I’ve lived for the last 10 years and is routine now. Thanks to my 3 streams of passive income I am now actually generating more income than expenses. + +I’ve tried to make my budget as detailed in terms of planned expenses as I can, but there will always be outliers. For example, due to how unusual my finances are this year (no salary, huge sale of investments, purchase of property and many tax deductible repairs) I’m hiring a CPA to do my taxes for the first time. It will cost $400 for him to do my taxes, and I also had a 1 hour meeting with him in which I asked him a whole bunch of tax related questions regarding my current citation, which cost another $200. After this year I expect I should be able to go back to doing my own taxes as I have in years past, so this expense is something that lies outside my normal planned budget. But even with these one time/unexpected expenses, I’m still very much in the green in terms of my budget. + +&#x200B; + +**Satisfaction with the FIRE lifestyle:** + +I am a very unusual person, in that I am quite happy being by myself 95% of the time. I’m also very easy to keep entertained. Books/audio books, movies, TV shows, games, most of my entertainment is digital. And it’s actually only in the last year that I’ve realized just how vast the amount of entertainment that there is available. I’ve got a giant list of TV shows, movies, books, games that I’ve been interested in consuming, and if anything that list has only gotten bigger over the last year. + +I also find myself mini-side projects to occupy myself with. For example, I joined an online consulting website early in the year where you post your resume and companies will contact you if they want to get feedback/testing on a product/website/procedure that they have. Given my experience in the military and logistics, I was able to enter a few of these interviews/testings, and also make a bit of money on the side doing it. Naturally, as my skills deteriorate, I’ll be less eligible for this type of thing but it was fun. + +Over the last year, I honestly can’t think of a single moment where I thought to myself “I’m bored, I’ve got nothing to do”. If anything I’ve spent many late nights absorbed in something (which is ok since I can wake up whenever I feel like it now). + +And afternoon naps, they are a thing that I love so much. When I was in the military I would typically get up around 5:30-6:00 in the morning, go exercise with my unit for an hour, then shower/change and jump into the work day. It would usually be right after lunch when things had calmed down a bit that I would usually start to get drowsy and would have to stay on my feet so that I wouldn’t risk dozing off if I sat down. Now if I’m tired after lunch, I can take a nap and it’s awesome. It does wreck my sleep schedule on occasion though. + +Retiring right into the middle of a pandemic has not been ideal of course. I did want to travel a bit after retirement, there are a number of annual conventions/conferences I’ve always been interested in but never attended due to my focus on work. They are a no-go this year and probably next year as well. The same goes for socializing, while I’m perfectly happy to be alone most of the time I do occasionally want to engage in social activities. When I was in college I was big into pen and paper role playing games with a group of friends but have not gotten involved in it since then. There are a couple gaming stores in town but they have shut down during the pandemic. Fortunately I found a website that lets you form/find groups of people to play with online, and there are a number of digital tools that let you create characters, maps, roll dice etc. So I’m now part of a weekly online gaming group that are currently deep into our first campaign together. It’s great fun and fills my social interaction itch while being stuck at home. + +Many people say that “people need to work in order to have purpose and direction in their life” to which I say BS. I’ve experienced a lot in my life so far. I was raised overseas, I’ve traveled to over 20 countries in 5 continents, am an eagle scout, have been to war, have been in leadership roles my entire professional career. At this point, living a boring, relaxing life is just what I want and need. I’m not ambitious, I don’t want to be a CEO, hold political office or live like a celebrity. I just want to live a relaxing life and enjoy my hobbies. That may change some day, and if it does, then I’ll make adjustments in my life. But right now I’m living a life I very much enjoy and have no reason to change it. + +&#x200B; + +**Future plans:** + +Here are some things I'm interested in accomplishing in the next year or so. + +Travel - as I mentioned above, once the pandemic is over (second half of next year seems to the general estimate from experts) I plan on visiting a number of conventions/conferences/locations that I’ve been interested in but never got around to seeing while I was working. The good thing is that I can also take advantage of the off-peak traveling season for lower prices/less crowds for any places I want to sight see. + +Getting a dog - I love dogs, but never got one before because of how often I was either out of the country or away from home for extended periods of time. Especially since I am single I didn’t want to end up ditching it somewhere whenever I was gone. I held off on making any serious commitments during my 1st year post-FIRE just in case I changed my mind but most likely I’ll start looking for a dog to adopt early next year, there are a couple animal shelters near me that I’ve already stopped by to check out. + +More time with family - Again, something that has been derailed because of the pandemic. Due to being in the military I did not get a chance to spend much time with my parents (especially when overseas). I only saw them 1-2 times a year for a good chunk of my career. We are quite used to it given that my family has moved pretty frequently all my life (we were ex-pats living overseas when I was growing up) but I had hoped to be able to visit them more often now that I have so much free time. Unfortunately that’s not been possible given the current citation as I don’t want to risk possibly infecting them. But we do talk much more frequently than in the past. + +Becoming more handy with home improvement/repair - I’ve been learning basic home improvement skills (As have many people who are stuck at home during this time, lowes is always packed). I’ve learned to take apart and clean a window AC unit, caulk a bathtub, hang curtains etc. I’ll leave the more complicated stuff like plumbing and electrical to the experts, but it’s nice being able to take care of minor stuff myself. + +Boosting my emergency fund - I currently have about 7 months of spending in my savings account, I intend to increase this to 12 months of spending over the course of the next several months. The economy is wack right now and it would not surprise me at all if we have a full blown recession and market crash in the near future, so while the market is strong I’m going to boost my emergency fund. After that I’ll probably stop withdrawing my dividends from my investments in cash and just let them reinvest back into themselves, I think I can live quite easily on the income I get from my military disability and rent while leaving my investments to grow. + +&#x200B; + +**Conclusion:** + +So, to conclude this very long post. It’s been a crazy year, I’ve experienced a lot of things I’ve not done before, but overall, I’m very happy with my current lifestyle and have no desire to change it anytime soon. If you are still working your way towards FIRE, I wish you luck on your journey. +I am not a doomer, but I am a Canadian and I know that countries outside of the United States of America do not usually have fixed rates for mortgages for any term beyond 10 years. If they exist, the rate is very far above shorter mortgage terms. In Canada, 10 year fixed mortgage rates have doubled (from 2.99% to 5.94%) from the lows in 2020 to the current rate. 30 year rates are almost unheard of. [The only 25 year fixed mortgage is offered by the Royal Bank of Canada and is currently quoted at 9.75%.](https://www.ratehub.ca/best-mortgage-rates/25-year/fixed) + +Because of a long term downtrend in interest rates between the early 1980s to 2021, personal finance subreddits like r/PersonalFinanceCanada as well as people in real life have recommended for decades that borrowers choose variable mortgages. Those mortgages have rates that fluctuate based on the [Bank of Canada's key interest rate, which has gone up repeatedly in 2022.](https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/) Mortgage contracts require that all borrowers must pay all of the interest due even if the principal is not being paid down at all. When interest rates rise substantially, the amount that a borrower is paying may not be sufficient to pay off the interest and as such, payments go up, sometimes by [$2000 a month](https://vancouver.citynews.ca/2022/10/26/surrey-man-home-high-rates/). Unless a borrower was very frugal and has very high income, this is a financial disaster. + +Now, we know that inflation is very high in a lot of countries (except China and Japan, in bot cases due to severe population aging and for China, draconian lockdowns severely curtailed economic activity). [Despite wages going up nominally, they have not kept pace with inflation.](https://www150.statcan.gc.ca/n1/daily-quotidien/221104/dq221104a-eng.htm) In 2008, it took only a small segment of borrowers defaulting to bring down the housing market in the US, and in 2023, it will also only take a very small number of borrowers defaulting in the [fastest rate hiking cycle in nearly 50 years](https://www.visualcapitalist.com/comparing-the-speed-of-u-s-interest-rate-hikes/) to bring down multiple housing markets and clog up the court systems with personal bankruptcy cases. +Bitcoin and Ethereum will skyrocket in the coming months Cryptocurrencies, despite their volatility, are still generally rising assets and it is not surprising that they can record historical values ​​this very year. In the case of some of the most popular cryptocurrencies, such as Ethereum and Bitcoin, experts do not only foresee new highs in the coming months, but dizzying figures that would multiply several times their current value in the second half of 2022. Bitcoin and Ethereum, up to 462% more than today The very bullish analysis for both cryptocurrencies is signed by Sean Farrell, head of digital asset strategy at FSInsight, in a note to investors. According to his estimates, Bitcoin could reach $200,000 (175,000 euros) in the second half of 2022, while Ethereum (ETH) would reach $12,000 (10,500 euros) in the same period. This would represent an approximate increase of 462% and 385% respectively compared to their current values. +As background, I am a renter in a HCOL city. I’ve never owned a property and I am looking to purchase an investment property under an LLC. The site is a 10-unit apartment building in another state. + +My question is: if I purchase an investment property using an LLC that I established, as the sole member. Will this disqualify me in the future from first time home buyers incentives, such as FHA loans, down payment assistance programs, and other grants for first time home owners? + +Is paying cash vs. receiving a business loan a factor? + +Are there benefits to buying as an individual or LLC while growing/starting your portfolio? + +Edit: in the next five years, I would like to purchase an investment property (owner-occupied) in my HCOL area, but not feasible until I increase my net worth. I fear purchasing an investment property first would negatively impact my eligibility for these programs. +I posted this yesterday in a different sub and was advised to tell it here instead. + +I'm posting it because I plan to do a something similar on a smaller scale and this type of situation is not uncommon. + +Background, I work in real estate, and client was a man in his mid to late thirties with a boring office job and no savings for retirement currently. He inherited a sizable tract of land which I sold for him and he was able to net right around $300,000. We went over his options and we decided that a multi-family complex would be the best route for him. The key things we wanted from this place were it needed to be low-maintenance, the units MUST have in-unit washer/dryer hookups. (In our area that's the difference between low-income slums and blue collar type renters) + +After a few months of looking through several different counties within an hours drive we couldn't find anything that would be any good. But we did find a lot in town just over 3 acres that would allow him to build something that fit his needs perfectly. The goal is to have consistent income long-term so durable and low-maintenance is key. He decided that a series of quad-plexes would be best for what he's wanting with each unit being 2 bedroom 2 bathroom. + +The builder I recommended to him was very experienced and very reliable and has developed a reputation of not cutting corners. Which would be more expensive than some but is better in the long run. The lot allows for a maximum of 8 buildings for a total of 32 units however the most he was able to get approval for at first was 20 units or 5 buildings. + +Total bid for everything including the lot itself was around $2,100,000. The bank approved the lot and the rest of his cash as down payment. Withing 7 months the first building was completed and fully occupied. Total construction time was around 13 months and occupancy is 100% with rent loss and vacancy being minimal since this is one of "the nice new places" in town. + +All units were finished with nicer type LVP and solid surface counter tops which is both desirable and low-maintenance. This has been about 3.5 years ago and in that time he's only had 3 evictions and unit damage between tenants is minimal. + +Financials. All units lease for $850/mo and are self managed. Saving himself 15% right off the bat. Water and trash are the only covered utilities. And if the part-time handyman and paint guys aren't busy then time between move-out and move-in can be as little as a week. + +He doesn't employ a maintenance man instead providing a list of guys to call in case of emergency so "Don't call me call this plumber" type arrangement. So far no major issues. + +To pay off the note as fast as possible he does pay himself a dime from the rent money and has kept his 8-5 job doing whatever. Currently he owes around $1.5 mil and is paying it down at a rate of $72,000 every six months which is how often the note renews. + +The rest is being used to cover expenses like taxes, attorney fees if needed, maintenance, trash/water. + +I'm sorry I suck at formatting and making this easy to read. I'll try to answer any questions y'all might have. +There was a recent thread called “Why do few brits invest in stocks and shares”, and some of the replies given were that many people see investing as gambling. + +I thought this was reassuring because it’s the same response I received from my family when I have tried to encourage them to invest, so it’s nice to know I’m not alone. + +Traditionally we don’t talk about money; still, I’ve tried to encourage them to invest, but I’ve been met with scepticism and even a little bit of contempt. + +I recently paid off my mortgage, so to celebrate I increased my yearly pension contributions to nearly £20k, and what I was spending on the mortgage has now gone into my S&S ISA. + +The sad thing is I haven’t even shared this with my family because I know they’ll disapprove. In fact, I think there is a worry that any birthday money (even just £100) or inheritance I receive will be “gambled away” on the stock market. +here is a list of all the parameters you can use. + +https://spreadsheetsolving.com/wp-content/uploads/2013/02/googlefinance.pdf + +here is how to use them: +https://drive.googleblog.com/2010/08/tips-tricks-googlefinance-in-google.html + + + + +Our combined take home income is at around £7700 per month, the house we're looking at is 550k. +That gets us four decently sized bedrooms and an okay sized garden (since it's a new build, we're not exactly getting tons of land with it). It's in a nice area that we know we like. + + +We'll go with either 5 or 10% deposit as we'd like to keep as much of our savings in ISAs if possible, so the mortgage payments would be slightly over 2000 with the current interest rates, which makes it more than the 25% rule would allow. + + +We live in a tiny house I purchased a few years ago, we've clearly outgrown it and we want something that we won't need to 'upgrade' from in a few years. We could get the same bedroom count for less but the rooms would be smaller and since we both work from home we'd really like to have some space. + + +We think we could comfortably afford the payments even if the interest rates rose significantly and we wouldn't be using all of our savings now so there's an emergency fund as well. + + +It's a bigger house than we *need* but it's not that extravagant either (we think?). We just want enough space for a potential family and for our current family / friends to be able to visit since we're moving pretty far away. With the way the property prices are going, we might not be able to afford a house like this in a couple of years. + + +Our spreadsheets add up, I'm just looking for validation, would you go for it, or too risky? +Hey guys, + +It’s fuckin late on the east coast, but I can’t sleep. I want to talk about HALTS... + +Yes, halts. Something that happens to our beloved GME from time to time.... + +Now I’m not mathematical wizard here, but I do notice some things... + +This last Monday when we got halted, was the first time they “crashed” it as soon as it came back, but could not even break it down to where we were in the red for the day. + +Let’s flash back and be like “oh well randomtaskstonks tell us about the last halt.” + +Well I gladly will... March 29th, basically at the exact same time (6 or 7 minutes into trading) GME got halted. When it came back from $200 down to $167 immediately after the halt. + +Well “I don’t understand what your getting at randomtaskstonks...” + +Neither do I. But let me elaborate for you... + +Everytime GME gets halted, I feel it’s because we are extremely close to mooning... Some how these Ass Clowns 🤡 aka hedgies, find ways to halt the stonk and then proceed to fill the order book with a bunch of crap-o-la. Well it seems like the crap-o-la they really were able to throw in Jan 21, March 21, June 21 and November 21, isnt hitting the fan as much and is making much smaller dents. + +This last halt they created couldn’t even bring the price down to a negative for the day.... + +I’m excited when I see halts because the highs are getting lower and the lows are getting higher on these halts. + +Please let’s get an ape with some fucking wrinkles (here’s looking at you criand) to actually put into real logic and make some sweet sweet DD on what I’m talking about. + +I am by far and away not the smartest ape of the bunch nor do I think I ever will be. But if one of you HALT and follow what I just said and really look into these “fake halts” and short attacks on the unhalting u might see what I see and cannot explain. + +With that being said, I hope you halted and thanks for coming to my Ted talk. + +Edit - yes I know how a halt works. I’m just stating that every halt has come with a downtick, a huge downtick and every halt since Jan 21 the downtick has become smaller and smaller and smaller. +We’ve been in for about 3 weeks now and it’s finally hit me - my gf and I have bought our first property, and it’s made me realise I am actually succeeding in life and all this staying in, making my own lunches etc was all worth it! +Making sure we used both our LISA’s and any side savings on top we managed to put together a £50k deposit and bought a 3-bed semi detached, lovely garden with deck, shared parking bays in the South East for just over £365k. I am 27 and she is 25, I earn £32.5k and her £38.5k. +We rented flats the last 2 years together spending £1.25k a month on rent alone (welcome to the south east ladies and gents). She had more in her life savings and a £5k deposit boost from some inheritance that came unexpectedly. +We were able to knock £20k off the asking price as a quick sale was wanted, no chain first timers make for good customers it seems! The property is in great condition and was well-loved before the sale. Solicitor was a pain in the arse who never communicated unless they needed money and the estate agent was very annoying, but we made it through. +Thank you to all the members of this sub who provided all the saving tips and tricks and a shoutout to the flow-chart - stick at it and you will get there! +5 year mortgage and we are £200 better off each per month taking into account less money spent on rent and even a large drop in council tax! + +Edit: to add, paying monthly into your own estate feels amazing in comparison to paying someone else to live in their property that they don't care for, if I ever become a landlord I would aim to be a great one that actually cares! +We also used a mortgage broker (a benefit of mine thanks to my job, free of charge advice and broker service) it made the process so smooth! + +Edit 2: GOLD! THANK YOU SO MUCH WHOEVER YOU ARE, MY FIRST EVER GOLD! +Let me start by saying when i started thetagang things were a lot different than they were now. Every time someone talked about selling high IV speculative puts or CC it would be shunned in this sub. + +I wanted to point out that wheeling blue chip stocks used to be the focus. Now it seems normal to talk about high IV names. + +Anyone else concerned that everyone is getting a bit more greedy chasing premium? +So, I've been selling CSP on stock I wouldn't mind to own, I build my scanner that's returning me companies with good fundamentals, price momentum and IV/HV > 1. Just when the market started to go down around May 10th. I had a TGT Jun11 205 Put that's been red since then. + +Today TGT announced earnings, and the price shot up. Which triggered my GTC limit order :) + +It's not bad when you make money on red day like today, just by following best practices. I'm not getting the premiums I could get on meme stock, but i feel a lot safer with this approach. + +&#x200B; + +https://preview.redd.it/leyqc0f1g3071.jpg?width=400&format=pjpg&auto=webp&s=24d5b240702a4781c80a9c7276584b0cabfc8742 +This is not a post to poke fun at people during the recent tech slump nor discuss how the sky is falling. I am simply genuinely curious if most people here just sell naked puts constantly (which has obviously been working incredibly well as of late), or it is just a vocal bunch. + +Me? I normally always hold short delta. Yes I am bullish on some things, but overall I am short (especially Q's and my overall short delta does change) I am not trying to convince others to do so, it's just my strategy as it makes sense to me to do so. + +Anyway, I think everyone (bears, neutral, bulls) needs to analyze their strategies as of lately and see how they are playing out. Even though I've been short and it's worked out for me, I know I've learned a lot as of late based on how how things have been playing out. (Especially vol) For example some naked puts I had in the Q's expanded a lot more than desired, ha. My calls covered that expansion, but still. +I'm new to the thetagang and I've started to sell CSP's in the hopes of wheeling. I learn best by doing and I'm learning a TON! + +A few days ago I thought I would experiment with SNDL to see if I could reap some benefits of these insane IV's. I bought 1000 shares ($1.38) to sell $2 CC's at around 300%+ IV. + +Now, with the market dropping, I can buy-out of these with a 50%+ gain after only 2 days into the 24DTE contract. + +Is it advised to sell now and wait until there's some upward movement? I'm bullish that there will be someday given the volatility of this meme stonk. OR, do I sit on it and let theta deliver her sweet nectar unto my account? + +Thanks! +I'm thinking about running the wheel with very close strikes on PLTR. + +Now, I've seen plenty of research but I'm just curious to hear what you guys think of it. I was in during the hype, made some money and left, but it seems like something with a solid rep/future. + +I would think of running close to strike CSP's and if by chance assignment, close to average CC's to keep getting both assigned and repeating, just bagging premiums on weeklies. + +I know what I would answer to this question, I wouldn't be any help, but maybe someone will provide some insight. +Today my mother, who doesn't even clearly understand mutual funds asked me how to trade in the equities market. Apparently some relative is doing it and making a living of it for a year or so and now my dad thinks this is a good idea. + +Now I am not much of a bear but this has all my alarm bells ringing. This gives me a feeling that a pretty deep correction is coming soon. Anyone else share similar sentiments? + +Edit: I never said anything about a crash. A correction is usually 10 % or thereabout. +Federal Reserve Chair Jerome Powell said the central bank will prevent higher inflation from becoming entrenched while cautioning that the post-pandemic economy might look different than the previous expansion. + +“We will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched,” Powell said in a brief opening statement prepared for delivery at his confirmation hearing before the Senate Banking Committee. “We can begin to see that the post-pandemic economy is likely to be different in some respects. The pursuit of our goals will need to take these differences into account,” he said in the remarks, released Monday ahead of Tuesday’s hearing. + +https://www.bloomberg.com/news/articles/2022-01-10/powell-says-fed-to-ensure-inflation-doesn-t-take-root-in-economy +I'm a 20 year old male in the UK. My mother died of cancer in November last year. My father stayed alone in our old house for around 8 months, and has found a woman he really likes. She is lovely, welcoming, a kind person. + +Our house was mortgaged, but was paid off when my mother's inheritance was delivered. I legally own half the house, with the other half belonging to my father. If the house is sold, I get half the money. However, my father wants to move closer to his new partner and his new partner is raising concerns that he should be legally responsible for the entirety of the funds. + +I have £15300 in an ISA that only I can access but I will graduate university with ~£40k debt. I wish I had the funds to pay that off immediately, but I don't know what to do. + +My worry is that if my half is taken, then the legal claim I have to a house bought with the money is diluted from half the house, to at least a quarter between my father, his partner, her daughters and myself. My father's will currently features a cover letter adding that his sons from his first marriage are not to receive any funds or property. I was the only child of his second marriage, and we haven't seen his first two children for 15 years after they were confronted by my father for consuming drugs. They were paid child support by my dad until they both turned 18 but we never saw them after he got mad at them about the drugs. My father provided for them and saw them 3 days a week minimum up until they stopped showing up. + +What can I draw up or produce that legally protects me, and guarantees I will have a house to my name and my name alone when my father dies? I'm being told I'm too young to be responsible for the kind of money selling a £385,000 house would bring but I also know when I'm being ignored. + +Any advice you guys can contribute is great, thanks in advance! + +(Sorry for poor formatting, on mobile) + +Edit: clarification regarding will. + +Edit 2: Thank you for the help everyone, I appreciate the comments ranging from "You're an idiot for even asking, it's common sense" to intricate plans on lawyering up and planning where to invest and safeguard money. Everything helps build up confidence. + +All I can say is that I will contact a lawyer and sit down with all the paperwork I can get my hands on and discuss plans. I'll post an update in a few months. Thank you PF! +Not strictly FIRE related maybe, but I figure this board is full of people who actively consider their finances on a regular basis and I want to bring up my kids to be aware of financial planning whilst they are young and teach them it's an important thing to bear in mind. Hopefully that way when they become adults money won't be a huge mystery to them that they have to learn to navigate. + +So about us - family where I have FIREd, my husband is able to RE but chooses to keep working as he enjoys it. Kids are 9 and 5. Financially we are now very comfortable and have zero money worries. + +Both kids have healthy savings accounts that we pay into monthly to cover the cost of university/first house deposit/early adult life. Kids don't really know about these accounts. + +Recently my 9 year old asked if she could get pocket money (as a lot of her friends get it) so we now give them both a set amount of money every week. We thought about it and decided we would give them more pocket money than their peers but on the understanding that we would no longer buy them toys/slime/trinkets - if they want a Lego set they have to buy it themselves. + +We also opened up kids bank accounts for them, that some of their pocket money has to go into every week and they get sent paper bank statements once a month where they can track their balance and (much to my daughter's delight) learn about interest paid on savings. + +Our rules are that they have to spend some, they have to save some and they have to give some away (I think charitable giving is a good habit to learn, plus I want them to be slightly aware that not everyone is necessarily as fortunate or privileged as they are.) + +My daughter is fascinated by watching her savings grow, my son is maybe a bit too young to understand money and has the impulse control of a 5 year old - although he's learning that if he saves some of his money regularly it means that he can buy new Transformers every couple of weeks. + +Is there anything you wished your parents had taught you about money, or other things we should also be considering? +Sadly my wife recently passed away from cancer aged 35 and I'd like to post some questions in here for advice. + +For context, we have a 2 year old daughter and a modest semi-detached house with around £185,000 still on the mortgage in Yorkshire (likely valued around 260-280k). + +Sadly, she had opted out of her NHS pension (unbeknownst to me and her brother) and so she isn't eligible for her Death In Service payment according to the HR staff. Unsure re pension at this point. + +When pooling together savings, life insurance and some other small amounts of money I will end up with around £170,000. + +Question 1 - what do I do with the money? +- Pay off the mortgage and pay of the final £15,000 as soon as possible? +- Buy 5 properties on a buy-to-let and hope that this money pays my current mortgage as well as the mortgages of the houses I purchase? +- Invest it? + +Question 2 - does anybody have any experience of NHS pensions and whether we have any form of challenge against NHS for her Death In Service payments? + +Question 3 - does anybody have any other advice re life/finances/things I may have not thought of? + +Her funeral was a couple of weeks ago and so we can now move forward and I'm starting to get things in order. + +Edit 1: thank you all so much for your responses. For added context, we were married and lived together but due to her age and the speed of her decline she died intestate (no will). I'm her NoK but I think it does throw up a couple of extra issues. + +Secondly, the "buying properties" was more just an idea, I wasn't saying I'd planned that out - I think I meant +Option 1) pay off the mortgage +Option 2) look at a higher risk return (property was just an example) +Option 3) investment + +Given responses I agree it makes sense to pay off as much of the mortgage as possible, especially if I can get early repayment fees wiped due to death. + +Thank you all from the bottom of my heart 💖 +Hello. + +I have just liquidated all my stock investments and cryptocurrency, and have £2 million. + +I have a full time job earning £30k a year, am single, and own a home with £200k left on the principal loan. + +In addition to this, I have a flat which I rent out. + +I know I need a financial advisor/accountant - what should I be looking for when I look for one? Are they all the same? + +Should I be looking for a financial advisor or an accountant, or are they the same thing? + +How much should I expect to spend? + +Are there any other things I should consider doing in my situation? + +My aims are: + +- Go into semi retirement (part time work at most) +- Pay off my current home and rent it out. +- Buy a nicer place in a nicer location. +- Treat myself to a good holiday. +- Stick a million into a vanguard fund for future interest gain. Whatever I don't use from the interest will just become compound interest. + +Edit: No one apart from me knows I have all this money. No one will ever know. My future partners will only know that I've worked hard for my money, and am private about the actual figures. + +Also, I am not looking to reinvest into stocks or crypto, so if anyone is looking to advise that, please don't - I'm out of that race. It was a wild ride. + +For those are are curious, I invested in ETH, BTC, Tesla, Netflix, Amazon and Apple years and years back. The final investment which really catapulted my gains was ALPP, which is a lesser known penny stock. Got into it when it was 2p. Now worth 80p. +What next steps would you suggest + +•23 years old + +•Current account and savings account with the same bank + +•Hopefully Full time employed in the next month + +•Work as a teacher so part of my paycheck goes to my pension + +•Interested in investing but know nothing about any form of investing + + +Edit: formatting on mobile +Hi guys (x-posting from /r/personalfinance), + +Sorry in advance for the long-post, here's a TL;DR: + +Bulgarian mid-20s, + +* 100k EUR available today + 70k EUR to invest each year (roughly \~6k/month) +* Need advice / tips on: how/where to get started +* Goal is 1 million EUR in 10 years then I will re-evaluate (maybe move part of it into real-estate to diversify until retirement) +* I can tolerate risk +* What about US withholding tax and things like that for BG resident? + +&#x200B; + +Now the full post: + +I need some guidance / help / tips to start my journey into investment. I'm super new in the investment world, but I'm eager to learn and get started! :) + +Long story short, over the past few years i've been saving (a lot) but my casg is sitting in the bank doing nothing. I've been thinking about doing something with my capital but I was always afraid / procrastinating too much... But I finally decided to take action and invest my money. + +I'm a Bulgarian dude in his mid 20s, my current capital is about 100,000 EUR. + +Each month I am able to save 6,000 EUR, so each year I could invest 70k more. + +&#x200B; + +I came across some compound interest calculator and it's crazy to know that, If I put down 100k + 7k every month (and reinvest my interest), I can easily reach 1,000,000 EUR in 10 years (with 7% interest), is that realistic? + +[https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php](https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php) + +This is kinda my goal now, having a million in 10 years. + +&#x200B; + +Over the past few days I started a portfolio with my Revolut account. I've invested 5k into some US stocks. This specific stock pays dividend as well (about 7-8% yield). + +&#x200B; + +I've been reading website/blogs and a bit of reddit about investment and came across P2P investment/lending. Some platform promises 10% to 15% interests, is it too good to be true? (or 21% on crowdestor). I've seen blog posts where people post their p2p portfolio and things like that. + +Seems like most of the platform have "BuyBack Guarantee" meaning that I might not make money if the loan default (or just the interest paid until the default) but I will at least get my original money back right? (please correct me if i'm wrong) + +I work as a freelancer here in BG, I have my own company (ltd). Should I invest through my company or as a private person? i'm asking because on Grupeer you can sign-up as a legal entity, and maybe it makes more sense tax wise? + +&#x200B; + +What about the ETF bubble? I've seen several documentaries about BlackRock, seems attractive but quite scary. What happens if there's a crisis or recession? Some people say its not probably because the ETF is diversified but some other call it a bubble... + +I got many more questions about ETH, iShares, Vanguard index fund, US-BG tax, stock funds, US bonds, EU bonds etc... + +&#x200B; + +Since I don't have an investment background and i'm quite new to all of this I am also considering giving my capital to an investment fund or something similar so they can make the best decision to achieve my goals (and of course they take a fee). + +Anyway, if you've made it this far, thanks so much for reading all the way down! Sorry for the messy post... + +Any help is welcome, comments, critiques, advice, I will take it all! :) + +Cheers. + +Para +In France, it is quite common for people who have enough money to invest in real estate to do so through specific investment vehicule called *Société Civile Immobilière.* They are a non-commercial type of company and offer more options than owning your property directly in terms of fiscality (option for corporate taxation instead of personal taxation, for instance, or use it to pay yourself a salary) or transmission (you can donate shares of the company progressively to your children during your life to reduce the tax burden on inheritance, for instance). + +You can also have other types of Société Civile to just host your holdings in shares of other companies, as a holding, for instance. + +I think there is an equivalent in Germany with the GbR. But there is none in the UK, for instance. + +What is it like in your country? +Hello! + +&#x200B; + +34 yrs old guy here. Decided to invest, to create some security. Please bare in mind, not even a week ago I didn't even know I could invest. I thought that's just for people with loads of money :) + +My eyes opened by randomly stumbling on Mark Tilbury's video on Youtube. I can become financially secure actually. There's always a path to that. + +&#x200B; + +Anyways, I was not lazy and I did a bit of a research on my own. However, I wouldn't mind if you explained me like I was 12 year old if needed. + +&#x200B; + +I have just applied for an IB account. I can invest 1500EUR initially, later on 100 - 150EUR monthly. + +&#x200B; + +1. Currency I would send money on IB is in EUR. So, my preferred market to buy ETF's would be in Euros to avoid currency change to USD, right? That market happens to be Amsterdam? +2. I'm interested in SP500 ETF, domiciled in Ireland, accumulative. That way I'd get the best taxation treatment? +3. I'm from Croatia. If I investigated taxation correctly (I'm actually also new to financial lingo and how taxes actually work.): I should not pay any taxes at all. Fund (domiciled in Ireland) pays 15% to USA, my dividends are not paid to me but reinvested back into a fund. Correct? +4. Is there such an ETF on AEB market I can get on IB, or should I simply convert to USD and stick with VUAA or CSPX? + +Thank you!!! +My gf is a 29yo Finnish citizen, currently working as a software developer for a startup in Helsinki. She is planning to move in with me in Germany. The company allows her to work fulltime remotely. Do you know if there is any tax implication as she moves to Germany and registers here? Will she do her tax with German or Finnish authority? Anything else does she need to pay attention to before/after she moves? +Hey everyone! + +I managed to save up about 5000 euros that I want to invest. I live and pay taxes in the Netherlands. + +From some online searches, I came across a few brokers that operate in Europe and I'm not sure which one to choose: + +* Interactive Brokers: Seems to be by far the most established, but I have a rather small amount to invest and I don't plan on doing frequent trades, so the monthly fees are too expensive. +* Trading 212: I heard a lot of mixed reviews about them. Some people really like it and some say that you shouldn't come near it. The most troubling thing is that they don't allow for a portfolio transfer. Does anyone have experience with that? I don't want to have my money stuck +* Degiro: Again, a lot of mixed reviews, but they seem to be the best option so far. +* Capital: I actually didn't hear much about them, but the little I did hear was all good. It seems that whoever uses their service swears by it +* XBT: It seems somewhat sketchy, but they have access to a lot of markets and pretty low fees. +* Saxo: High fees, but maybe you get what you pay for. + +Does anyone have any experience with any of these brokers? Did I miss any good ones? + +I'd also like to buy crypto, but maybe it's better to use a separate service for that. + +I'm completely new to trading, so I apologize if I made any mistakes. +Is Rich Dad Poor Dad good book for someone who never tried something like getting financially independent? I read some rewiews that said that its good book but i read things like that its full of crap, so i dont know where to start with getting into that industry. And Sorry for my grammar, english is my second language. +Given the current high interest/inflation environment we live, would you advise to pay off debts so that no extra interest is accrued or invest and save? + +Thank you! +In France, it is quite common for people who have enough money to invest in real estate to do so through specific investment vehicule called *Société Civile Immobilière.* They are a non-commercial type of company and offer more options than owning your property directly in terms of fiscality (option for corporate taxation instead of personal taxation, for instance, or use it to pay yourself a salary) or transmission (you can donate shares of the company progressively to your children during your life to reduce the tax burden on inheritance, for instance). + +You can also have other types of Société Civile to just host your holdings in shares of other companies, as a holding, for instance. + +I think there is an equivalent in Germany with the GbR. But there is none in the UK, for instance. + +What is it like in your country? +Hi guys, +I really want to get off on the right foot of investing my money for the long term, I have some savings currently, and I’m about to start a job with a yearly salary so I will be able to contribute more from now on. + +I was wondering if someone could point me in the right direction of what to invest in and how to start, I really am clueless currently. Thanks in advance! +Hey Reddit! You might remember my post from a couple years ago: [Warren Buffett Value Investing Cheat Sheet](https://www.reddit.com/r/investing/comments/9ur0g6/warren_buffett_value_investing_cheat_sheet_a/). + +After I discovered the power of the checklist, a few criteria quickly grew into a quantitative handbook. Investing with a checklist saved me time, decreased stress, and improved my returns. + +Below is the complete version of the well-received Investing Cheat Sheet.  Are there any other criteria I'm missing? What metrics do you look for? I'm specifically interested in fleshing out the impact checklist (Sustainability). + +Note: You will not find a company that fits EVERY criteria. The aim is to build portfolios targeting individual checklists (factors). Portfolios targeting individual checklists should give you good diversification, especially if invested across geographies. + +11 CHECKLISTS in this post: + +1. Value +2. Efficiency +3. Health +4. Dividend +5. Growth +6. Ratings +7. Technical +8. Management +9. Impact +10. Performance +11. Questions + +I put the checklist into a pdf which you can grab here [here](https://bit.ly/InvestingCheatsheet) if you want (I also go into more detail on backtested results) + +&#x200B; + +# THE VALUE CHECKLIST + +☐ Price / Earnings < 15.0 + +☐ Price / Book Value < 1.5 + +☐ Price / Sales < 1.5 + +☐ Price / FCF < 15.0 + +☐ PEG < 1.0 + +☐ Price / TBV < 0.7 + +☐ Price / NCAV < 1 + +☐ EV / EBITDA < 8.0 + +☐ Current P/E is <40% of 5yr P/E High + +☐ Current P/E is <80% of 5yr P/E Low + +☐ Margin of safety below Intrinsic value > 30% + +☐ Intrinsic Value / current price < 0.7 + +# THE EFFICIENCY CHECKLIST + +☐ ROE > 30% + +☐ ROA > 15% + +​​☐ ROTA > 20% + +☐ ROIC > 20% + +☐ ROCE > 20% + +☐ ROIC-WACC > 0.2 + +☐ Inventory Turnover > 4.0 + +☐ Accounts Payable Turnover > 3.0 + +☐ Accounts Receivable Turnover > 5.0 + +☐ Pre-tax Margin > 15% + +☐ Free Cash Flow Margin > 10% + +# THE HEALTH CHECKLIST + +☐ Current Ratio > 1 + +☐ Quick Ratio > 1.5 + +☐ Flow Ratio < 1.25 + +☐ Liabilities / Equity < 0.8 + +☐ Debt / Equity < 0.5 + +☐ Debt / EBITDA < 4.0 + +☐ Debt / TBV < 0.7 + +☐ EBIT / Assets > 20% + +☐ Debt / NCAV < 2.0 + +☐ Long-term Debt / Working Capital < 2.0 + +☐ Interest Coverage Ratio > 8.0 + +☐ FCF / Sales > 8% + +# THE DIVIDEND CHECKLIST + +☐ Dividend Yield > 2% + +☐ Dividend Yield > ⅔ the AAA Bond Yield + +☐ Number Of Consecutive Years Increasing Dividends > 9 + +☐ FCF / Dividends Paid > 2.5 + +☐ EPS / Dividends Paid > 2.5 + +☐ Payout Ratio < 40% + +☐ No Dividend Cuts In The Last 10yrs + +# THE GROWTH CHECKLIST + +☐ Earnings Yield > 12% + +☐ EBIT Yield > 12% + +☐ # Of Years Where Earnings Growth <2X Federal Bond Yield < 2 + +☐ FCF Yield > 10% + +☐ Forward P/E / Trailing P/E > 1.1 + +☐ Operating Cash Flow > EPS + +☐ # Of Years With Declining EPS < 2 + +☐ Current EPS / EPS 10yrs ago > 3.0 + +☐ Earnings Misses in the Last 24 Months = 0 + +# THE RATINGS CHECKLIST + +☐ Altman Z-score >= 3.5 + +☐ Piotroski F-score >= 7.0 + +☐ Beneish M-score < -3.0 + +# THE TECHNICALS CHECKLIST + +☐ Positive 1-month price momentum + +☐ Positive 3-month price momentum + +☐ Positive 6-month price momentum + +☐ SMA 50 > SMA 200 + +☐ EMA 12 > EMA 26 + +☐ RSI < 30 + +☐ Positive HMA + +# THE MANAGEMENT CHECKLIST + +☐ Management shareholding > 10% + +☐ Management have bought more shares than were sold in last 3 months + +☐ Management Compensation growth rate < Revenue Growth Rate + +# THE IMPACT CHECKLIST + +☐ CDP Climate Score = A + +☐ Total ESG Risk Score > BB + +☐ Beneish M-score < -3.0 + +# THE PERFORMANCE CHECKLIST + +Look at the last 10 years of data, year over year and make sure there is low volatility and high growth for: + +☐ Sales + +☐ Earnings + +☐ Book value + +☐ Free cash flow + +☐ dividends + +☐ Return on equity + +☐ Current ratio + +☐ Debt / equity (declining) + +☐ Net margin (declining) + +☐ Inventory turnover + +# QUESTIONS + +Stay away from qualitative judgement as much as you can. But if you must: + +☐ Can I say in one sentence what the company does? + +☐ Does the company have a competitive advantage / moat? + +☐ Does the company have few / no competitors? + +☐ Is the company within my circle of competence? + +☐ Have I read at least the most recent earnings report? + +☐ Do I trust / like the management? + +☐ Does the company have a credit rating of at least BB? + +☐ Do I like this company? + +☐ Is the company ethical? + +☐ Does this company give me international exposure? + +☐ Will this company be around in 20 years? + +☐ If the stock market closed tomorrow for the next five years, would I still buy this company? + +☐ Will this company help diversify my portfolio? + +☐ Does the company treat its employees well? + +☐ Are insiders buying shares? + +☐ Is the industry and company sustainable? + +☐ Is the company still growing? + +☐ Are analysts optimistic about the company? + +☐ Is the stock "screaming" cheap? + +☐ Can I say in one paragraph why I am buying this company? + +☐ Do I have an exit strategy? + +&#x200B; + +# HOW TO BUILD A PORTFOLIO WITH THE CHECKLISTS (6 Steps): + +Step 1. Choose the amount to invest *(eg. $10,000)* +Make sure you've thought about: + +* Have a six month emergency cash pile +* Pay off high interest debt first +* Eliminate your worst spending habits +* Think about your time horizon +* Max out your pension contributions + +Step 2. Choose your markets *(eg. US - All industries)* + +* Industries +* Countries + +Step 3. Choose the company size *(eg. Microcap)* + +* Nano-cap (<$50M) +* Micro-cap (<$300M) +* Small-cap (<$2B) +* Mid-cap (<$10B) +* Large-cap (<$200B) +* Mega-cap (>$200B) + +Step 4. Filter based on the checklists above *(eg. P/S < 1 and Positive 3&6-month Momentum)* + +Step 5. Rank the remaining companies by another metric *(eg. Rank by 1-Year Price Momentum)* + +Step 6. Pick & purchase stocks from the top of the list *(eg. Purchase top 25 stocks)* + +Backtested results: $10,000 invested in 1965 into the strategy above would have grown to $95M today. An 18.1% annual return. The S&P500 would have returned $1M in the same period, an 8.79% return. + +&#x200B; + +This took me a long time to compile... I hope you derive value from it. Enjoy! +# Prologue: Power to the Players + +&#x200B; + +I can't tell you what to do, and I'm not giving you financial advice. I'm only expressing my personal opinion as if we were having a conversation at dinner or at a bar. I'm an active shareholder of Gamestop stock, and I like the stock. + +&#x200B; + +r/Superstonk moderators have supported this post via the Not-A-Cat Golden Bananya award that can be only given by a moderator. + +&#x200B; + +I believe the strategy of buying or transferring as many GME shares as I can from or to Computershare, holding and not selling a single GME share until the price of GME is at least 8 figures USD, and buying products from gamestop.com or brick-and-mortar Gamestop stores is the way to financial freedom and the utter annihilation of the hedge funds that have naked shorts open on GME. I know that if I sell too early it will be disastrous to not only the maximum height but also the upward momentum of the price of GME during the Mother Of All Short Squeezes (MOASS). All info published here is publicly available and was verified by crowdsourced research, financial experts, or the SEC. For example, a quick Google search will discover that "A short squeezer must not only learn to predict and identify short squeezes but also pick the right time to sell the stock, which is at or near its peak." + +https://www.investopedia.com/articles/stocks/08/short-squeeze-profits.asp + +&#x200B; + +**Direct Registering Shares (DRS) on Computershare is the key to the biggest short squeeze in history.** + +https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/ + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/ + +&#x200B; + +**Computershare is a COMPETITOR to the DTC! Comment Paper from 2008. DRS to Computershare is a big F U to DTC!** + +https://www.reddit.com/r/Superstonk/comments/pw0opj/computershare_is_a_competitor_to_the_dtc_comment/ + +&#x200B; + +**These "bear raids" can become particularly catastrophic when management teams and shareholders successfully diagnose the existence of the naked short selling attack and decide to outwit the perpetrators of the fraud by digging deep into their own pockets and buying and attempting to register every share in sight.** + +https://www.sec.gov/rules/proposed/s72303/decosta122203.htm + +&#x200B; + +**The SEC admits the short sellers never closed their short positions! It was the positive sentiment, not the buying-to cover, that sustained the weeks-long price appreciation of GameStop stock.** + +https://www.sec.gov/news/press-release/2021-212 + +&#x200B; + +**When you wish upon a star - a complete guide to Computershare.** + +https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/ + +&#x200B; + +**Transferring shares to ComputerShare - A step-by-step guide for most brokers (Fidelity, TDA, Webull, Wealthsimple, IBKR, etc).** + +https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/ + +&#x200B; + +**You voted with your dollars to support #GameStop. Did you know you can buy shares directly from them (and other co's)? There is an option that lets you make small, regular contributions to your portfolio, too: https://t.co/kOYxjkknSa?amp=1** + +https://twitter.com/SusanneTrimbath/status/1402722397426360321?s=19 + +&#x200B; + +# I. + +&#x200B; + +# It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. + +&#x200B; + +If you have received this message, you have impacted my life, and I am grateful to have you in it. + +&#x200B; + +The complexity of the financial system has made the financial crisis of 2008 inscrutable, and I believe that is one of the reasons why the people responsible for it have not been criminally charged despite decimating countless lives. The economic crisis in Europe and North America in 2008 led to more than 10,000 extra suicides, according to figures from UK researchers. + +&#x200B; + +https://www.bbc.com/news/health-27796628 + +&#x200B; + +It's believed that Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." I want you to understand why Gamestop is important to me. My letter to you contains a lot of information, but I have tried to make it easy to understand. I am an English, Creative Writing major, and I take pride in the logic and clarity of my words. I will release a short video summarizing everything I know in the future. + +&#x200B; + +https://twitter.com/ryancohen/status/1411737540210561036 + +&#x200B; + +# II. + +&#x200B; + +# Do you find it strange that several brokerages did not allow people to buy shares of Gamestop⁠—yet still allowed them to be sold⁠—at the beginning of 2021? + +&#x200B; + +How does such a thing happen in the United States—a "free country?" In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority and from all forms of economic privilege, monopolies, and artificial scarcities. The demand to purchase shares of Gamestop was extremely high early in 2021, yet Americans and many others across the world were not allowed to buy any at one specific point in time. Was there a lack of supply of GME stock? If there is a decrease in supply while demand remains the same or higher, usually the price of that product increases: for example, water is more expensive at an outdoor music festival in the summer than at your local grocery store in bulk. There are other ways of dealing with lack of supply besides outright halting the purchase of a stock. + +&#x200B; + +https://www.investopedia.com/ask/answers/040215/how-does-law-supply-and-demand-affect-stock-market.asp + +&#x200B; + +I am quite sure that the halting of the purchase of shares in a company⁠—while still allowing them to be sold⁠—has never happened before in the United States. Many people were angry, frustrated, and morbidly curious as to why such an event would occur. Financial events that affect the United States have the potential to impact the global economy, so an event like halting the purchase of a specific stock can be expected to be scrutinized on the world stage. + +&#x200B; + +The halting of the entire stock exchange has happened a few times in the past due to war, 9/11, the pandemic, etc. but not individual stocks. This halting of buying Gamestop shares has led to congressional hearings, class action lawsuits, and further mistrust in what is supposed to be a free and fair market. Investigating the motives of the people who would benefit from the general public not buying shares of Gamestop has led to some interesting findings. + +&#x200B; + +# III. + +&#x200B; + +# There is evidence that Gamestop was under threat of undergoing a short squeeze . . . and still is. + +&#x200B; + +A short squeeze is an unusual condition that triggers rapidly rising prices in a stock. For a short squeeze to occur the security must have an unusually high degree of [short-sellers](https://www.finra.org/investors/insights/short-interest) holding positions in it. These short-sellers—usually people with large amounts of wealth like hedge funds—made bets (using options or other financial derivatives) that Gamestop would go bankrupt. For the average investor, purchasing a stock makes him or her a profit if they sell the stock after the price increases. The opposite occurs when short selling a stock: makes you a profit if the price of the stock goes down, but loses you money if the price goes up. + +&#x200B; + +https://www.investopedia.com/terms/s/shortsqueeze.asp + +&#x200B; + +In my opinion, Gamestop had a high likelihood of going bankrupt in 2020 (with the share price going down to zero), especially with the market conditions associated with the pandemic at play and the comparisons to Blockbuster; however, Ryan Cohen—now board chairman of Gamestop—acquired a 12.9% stake in GameStop last year for $76 million and has a new vision to make Gamestop the "Amazon of gaming." His financial strategies have permanently increased the price of Gamestop's shares, which was a devastating turn of events for the short sellers. + +&#x200B; + +Short selling occurs when an investor borrows shares of a stock and sells it on the open market, planning to buy it back later for less money. Short-sellers bet on, and profit from, a drop in a stock's price: this is achieved via [financial derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp). Let's hypothetically assume that Gamestop has a farm of bananas with 70 million bananas, and each banana has a sticker with the Gamestop logo. Let's say that on 1/28/21 Kenny G (a short seller) borrows a hundred bananas from Gamestop's banana farm through a brokerage and immediately sells it to Susie Q. Hanna for $20 (resulting in Kenny G immediately getting $20 in his pocket), and he promises to buy it back from her later. + +&#x200B; + +If the price of those bananas drops to $10 one month later, Kenny can buy the bananas back for $10 and pocket the difference: this makes him a profit of $10. Susie is hoping the price of those bananas goes up. If the price of those bananas rises to $40, Kenny has to pay an extra $20 to buy those bananas back from her to close his short position: this results in a loss of $20 for Kenny and a profit of $20 for Susie. There is no limit to how much of a financial loss he can incur: it's only dependent on how high the price of the bananas can rise. Kenny must finally return the bananas to the Gamestop farm of bananas or to whomever originally owned them. I will return to this story later. + +&#x200B; + +Stock lending, borrow fees, conflict of interest of Citadel being both a hedge fund and a market maker, and other factors are significant but are beyond the scope of this message. + +&#x200B; + +According to CNBC, at least one of the Gamestop short sellers closed their positions already: + +&#x200B; + +https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddit-board-melvin-capital-closed-out-of-gamestop-short-position-tuesday.html + +&#x200B; + +According to CNBC, the short squeeze on Gamestop is over: + +&#x200B; + +https://www.cnbc.com/2021/02/09/gamestop-breaks-below-50-a-share-as-short-squeeze-comes-to-an-end.html + +&#x200B; + +Did I just write you a message for no reason? Am I wasting your time? Why would I say Gamestop was under the threat of a short squeeze . . . and still is? Didn't I just give you two articles from a reliable news source that stated the opposite? + +&#x200B; + +Allow me to help you understand why those CNBC articles are wrong. It is a fact that lying to the media is not illegal and is protected under the first amendment. The fines for lying to FINRA about your financial information are very low: it would be like making a profit of $1 million dollars and getting fined pennies for lying. Therefore, hedge funds and other similar investors are financially incentivized to provide false or misleading information. + +&#x200B; + +# IV. + +&#x200B; + +# The "Everything is a Cake" meme helps illustrate the practice of naked short selling. + +&#x200B; + +There are two numbers that would end all speculation on the Gamestop short squeeze: the true short interest and the number of shares of Gamestop owned by all retail investors. Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Historically, short interest as a percentage of float above 10% is fairly high, indicating that the the general sentiment is that a stock's price will fall in the near future; short interest as a percentage of float above 20% is extremely high. + +&#x200B; + +The public float is a term that refers to the number of shares of stock a company has issued to the public that are available for investors to trade: as of 7/19/21 it's 56.41 million shares of GME. Shares outstanding refer to a company's stock currently held by all its shareholders, including the public float and share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders: as of 7/19/21 it's 74.38 million shares of GME. "Insider" is a term describing a director or senior officer of a publicly traded company, as well as any person or entity, that beneficially owns more than 10% of a company's voting shares; for example, Ryan Cohen's shares of GME are not available for public trading, but he can use his shares to vote at the shareholder meeting. + +&#x200B; + +A class action lawsuit against Robinhood by The Rosen Law Firm confirms that GME was shorted 226% (and one other stock at 38%) as of 1/15/21. You may have heard of other "meme" stocks in the news, but GME is the only stock that is under threat of undergoing the biggest short squeeze due to its extraordinary short interest. Yahoo! Finance reports the same figure with short percentage of float at 226.42% and short percentage of shares outstanding at 101.92% as of 1/14/21. + +&#x200B; + +If you want the source from the lawsuit, click "View Complaint." + +&#x200B; + +https://www.rosenlegal.com/cases-2029.html + +&#x200B; + +Scroll down to page 7 for the list of securities with high short interest. + +&#x200B; + +https://www.rosenlegal.com/media/casestudy/2289_Robinhood%20-%20Initial%20Complaint%20-%20Market%20Manipulation%204835-8623-1514%20v.2.pdf + +&#x200B; + +The reported short interest of GME according to Yahoo! Finance was the following: + +&#x200B; + +Short percentage of float (Jan 14, 2021): 226.42% + +Short percentage of shares outstanding (Jan 14, 2021): 88.58% + +&#x200B; + +https://web.archive.org/web/20210129164718if_/https://finance.yahoo.com/quote/GME/key-statistics/ + +&#x200B; + +Short percentage of float (11/12/20): 297.13% + +Short percentage of shares outstanding (11/12/20): 103.52% + +&#x200B; + +https://web.archive.org/web/20201130212429if_/https://finance.yahoo.com/quote/GME/key-statistics/ + +&#x200B; + +At this point, you might be asking how a stock can be shorted more than 100%. The answer is naked short selling. In a healthy, well-regulated market, shorting a company more than 100% would be impossible. + +&#x200B; + +What is naked short selling? Much of the information I have provided to you can be found in Investopedia. + +&#x200B; + +Naked shorting is the illegal practice of short selling shares of stock that have not been confirmed to exist. Despite being made illegal after the 2008-2009 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems. + +&#x200B; + +Naked short selling has been plaguing the United States for decades now despite being illegal here and many other countries: it is a way for hedge funds to support or create monopolies in the economy and circumvent antitrust laws, which eliminates competitors and concentrates market power in any given sector of the economy. Naked short selling can reap unfathomable amounts of profit, and it is even more profitable if the company being targeted by naked short selling is bankrupted because taxes don't have to be paid on those profits. It has led to the premature bankruptcies of many companies (Blockbuster, Sears, Toys "R" Us, etc.), loss of American jobs, and further enrichment of the ultra wealthy. + +&#x200B; + +**Amazon, Bain Capital and Citadel Bust Out the Competition.** + +https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/ + +&#x200B; + +**Hedge Funds Stole the American Economy & Created the Richest Man in the World.** + +https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/ + +&#x200B; + +Remember our hypothetical example of Kenny G selling bananas to Susie Q. Hanna? There is more to our story! When he initiated the transaction on 1/28/21, he lied to Susie Q. Hanna because he sold her bananas that looked exactly like the real thing, but they were fake. Insiders and retail investors had already owned or bought every single one of the authentic, legitimate bananas (70 million) with the Gamestop logo sticker directly from the Gamestop farm. It's like the "everything is a cake" meme. Kenny G never owned or borrowed authentic, legitimate bananas from the Gamestop banana farm; in fact, he manufactured the bananas "out of thin air" by baking a cake that looked exactly like a bunch of Gamestop bananas. + +&#x200B; + +https://www.newsweek.com/everything-cake-meme-explained-through-jokes-1517441 + +&#x200B; + +The brokerage had a good relationship with Kenny, so it never double checked whether he borrowed authentic, legitimate bananas from Gamestop when it facilitated the transaction between Kenny and Susie. The brokerage that allowed Kenny G to borrow the fake bananas in the first place may threaten him with a margin call and will eventually force him to buy the bananas back at a loss (it doesn't matter that they are fake) if the price of Gamestop bananas rises to a very high price and remains there for a long time (possibly somewhere between $250 - $500 per banana or more). + +&#x200B; + +If the price of the Gamestop bananas is so high that Kenny is finally forced by his brokerage to buy them back from Susie, the price may rise at a rapid rate. Fearing that the price will continue its upward move, other short sellers will move to exit their short positions by buying back the bananas they have borrowed, which adds fuel to the fire and attracts more buyers (for fear of missing out) and pushes the bananas' price even higher. (This is one of the reasons Robinhood and many other brokerages restricted buying of GME shares early in 2021.) Because there are none of the authentic, legitimate Gamestop bananas left to buy back, Kenny is forced to buy the bananas he borrowed at any price (thousands, hundreds of thousands, millions of dollars) because the supply of real bananas is essentially zero, and the demand is extremely high. + +&#x200B; + +Kenny did not find himself in this predicament overnight. A long time ago, greed overcame him, and he manufactured millions of these cakes shaped like Gamestop bananas with a "high-frequency" oven that only people with special privileges like him can possess. He hoped an overabundance of the banana supply would dilute and diminish the price and increase his chances of winning bets with people just like Susie. It worked! The price was headed towards $0. Unfortunately, King Kong suddenly appeared in the autumn of 2020 with chopsticks up his nose, wearing googly eyes over his real eyes! Kong bought so many authentic, legitimate Gamestop bananas that the price was permanently increased above a threshold that left Kenny aghast. Many apes all over the world rediscovered how much they love the taste of Gamestop bananas ever since! + +&#x200B; + +Wes Christian, who I will talk about later in this message, describes naked short selling using the metaphor of xeroxing the title of one car hundreds of times then selling these non-existent cars to hundreds of people while owning one actual car the whole time. Most people would go to jail for illegally selling something they do not own, but naked short selling happens all the time in the US stock market. + +&#x200B; + +Naked short selling dilutes and diminishes the value of a stock because it introduces counterfeit shares into the total number of shares. + +&#x200B; + +Selling naked options creates unlimited risk. Therefore, these types of option strategies are considered appropriate for sophisticated traders with proper risk management and discipline due to the potential for unlimited losses. + +&#x200B; + +https://www.investopedia.com/ask/answers/050115/what-types-options-positions-create-unlimited-liability.asp + +&#x200B; + +**How the GameStop Hustle Worked: How hedge funds and brokers have manipulated the market.** + +https://prospect.org/power/how-the-gamestop-hustle-worked/ + +&#x200B; + +***Naked, Short, and Greedy*** **by Susanne Trimbath, PhD** + +https://twitter.com/SusanneTrimbath/status/1243312143098720256 + +&#x200B; + +Short squeezes can also be gradual. It's possible that Tesla's short squeeze was a long time in the making, and how long it took to get to the beginning of its short squeeze is difficult to say, but it took about a year or so for Tesla to reach the height of its short squeeze from its initial run-up in 2020 - 2021 with a peak price of $900. Its "reported" short interest was anywhere from 18 - 30%. Beyond Meat was also a recent infamous stock that underwent a short squeeze at one point after its IPO. + +&#x200B; + +# V. + +&#x200B; + +# Math, facts, and other verifiable evidence regarding the Gamestop short squeeze. + +&#x200B; + +It's mathematically impossible for the Gamestop short sellers to have closed their short positions. Using common sense, publicly available data, and examples of short squeeze(s) from the past, anyone in the world can figure this out herself or himself. I will give you one example of a short squeeze from the past, Volkswagen, to make general or broad comparisons with GME. I will also give you one example of how corrupt our financial system is. Lying, hiding of true information, refusing to enforce or change SEC rules and regulations, fining unethical or illegal actions very small amounts of money—the amount of corruption in our financial system is staggering. Many experts in finance have expressed their opinion that Regulation SHO did not do enough to address the corruption in the stock market, including naked short selling. Moving forward, I am hoping that Gary Gensler will enforce the rules and regulations of the SEC or enact change, but I am not necessarily counting on him to do the right thing. However, I know that I can count on myself to do the right thing. + +&#x200B; + +Once again, it has been confirmed with 100% certainty that the short interest of GME was at least 226% as of 1/15/21, which is an astronomical amount. + +&#x200B; + +The Volkswagen (VW) short squeeze, one of the most famous of all time, reached a peak of $1,261 from $254, and its short interest was just 12.8%. + +&#x200B; + +https://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/ContentImage/2.jpg + +&#x200B; + +How was the Volkwagen short squeeze so violent when its short interest was much smaller than Gamestop's? + +&#x200B; + +Although the conditions of the Volkswagen short squeeze are quite different from Gamestop, there are also similarities. The market failed to appreciate the true availability of tradable shares to cover these short positions. The available public float of Volkswagen went down to 1% of outstanding shares because Porsche made a surprise announcement that they they were going to increase their position in VW. The high short interest combined with the lack of available legitimate shares in the public float made one of the biggest short squeezes in history because Porsche owned so many shares in a highly shorted stock. + +&#x200B; + +What is the true short interest of Gamestop stock? How much of the available public float do you think has been bought up by investors in Gamestop all over the world? Unfortunately, the general public has no way of confirming this type of information in real time. The financial system is designed in a way to make information difficult to obtain, hide information, give partially true information, or simply report incorrect information (with the punishment of a small fine as a result). For example, access to the information in a Bloomberg terminal will cost you approximately $2,000 per month or $24,000 per year. + +&#x200B; + +If our financial system was transparent, honest, and fair, one potential way the world could have known how much of the available public float was bought by investors in Gamestop was by the voting in the Gamestop shareholder meeting. Unfortunately, with the way the counting of votes is conducted, the true number of votes may never be known. The number of votes a shareholder has corresponds to the number of shares she or he owns. The votes were counted up until 4/15/21. If the total number of votes exceeded 70 million, then that would have confirmed that there were no authentic, legitimate shares of Gamestop available to be bought. This is the number of total votes counted: 55,541,279. Each vote represents one share of GME. The public float was 54.75 million shares, and the shares outstanding was 70.03 million shares in April. + +&#x200B; + +https://news.gamestop.com/node/18956/html + +&#x200B; + +https://web.archive.org/web/20210413235152/https://www.marketwatch.com/investing/stock/gme + +&#x200B; + +Keep in mind that that's a huge undercount of the vote and number of shares that people own internationally. The potential Gamestop short squeeze is known worldwide. Not everyone voted, and not everyone *can* vote because certain brokerages simply don't allow it (especially international GME holders). The vote itself is bogus as Wes Christian said because they just throw out votes that exceed the number of shares in the public float. For example, if 531 million shares of GME were bought globally, the vote at the shareholder meeting would only account for roughly 55 million votes and the rest of the votes would be disregarded (which is exactly what happened this year). + +&#x200B; + +Who is Wes Christian? Wes is a fourth generation Texan, who has handled complex litigation in at least eight different states and two countries. Most of these cases have been in State or Federal Courts; some have been complex arbitrations. He is licensed to practice in 11 Courts across the U.S. and everywhere in Texas and New York. His primary focus in the last 11 years has been suing Wall Street for fraud. He has also handled many disputes involving breach of contract, fraud, wrongful death, intellectual property, breach of fiduciary duty and serious personal injuries or wrongful death actions. + +&#x200B; + +Journalist Lucy Komisar asked Wes the following question on behalf of redditors: If proxy votes far outnumber the float, how will that be handled by regulatory agencies? + +&#x200B; + +Wes Christian's answer is timestamped here: 01:22:27 - 1:24:00. Here is the full interview with Wes Christian's answer, and the YouTube link starts at Lucy's question: https://youtu.be/q8-JO3g5bm4?t=4947 + +&#x200B; + +Wes Christian bio: http://www.csj-law.com/attorneys/jchristian.html + +&#x200B; + +According to mainstream media and available public financial reports, the people or institutions that shorted GME closed all their positions in January or February, and the short squeeze is over. This is "evidenced" by reports of short interest being 14.18% as of 7/18/21 (which is still high actually). + +&#x200B; + +https://web.archive.org/web/20210716144701/https://www.marketbeat.com/stocks/NYSE/GME/short-interest/ + +&#x200B; + +If the mainstream media and the financial reporting to the public is the truth, then I have three questions: + +&#x200B; + +1) Why was buying of shares of Gamestop stock restricted at the beginning of 2021? + +&#x200B; + +2) Why was the selling of shares of Gamestop allowed at the same time buying of shares of Gamestop was restricted at the beginning of 2021? + +&#x200B; + +3) How did the short interest of Gamestop stock drop from a high at one point of 226% (as of 1/14/21) to 27.23% (as of Apr 14, 2021), but the peak price of the Gamestop "short squeeze" only reached $483? As a reminder, the height of the Volkswagen short squeeze reached a peak of $1,261 from $254 with a short interest of 12.8%, and the height of the Tesla short squeeze reached $900 with a "reported" short interest of 18 - 30%. + +&#x200B; + +The answers to these questions can be answered with everything I have told you or will tell in this message. + +&#x200B; + +To answer the question as to why buying of shares of Gamestop stock was restricted at the beginning of 2021, it must be noted that Robinhood CEO Vlad Tenev told the House Financial Services Committee in February that he had discussed the trade restrictions with the Depository Trust and Clearing Corporation (DTCC), which clears public trades, after it made a $3 billion margin call. However, DTCC CEO Michael Bodson told the committee in May that "the decision to restrict trading really was internal to Robinhood, we did not have discussions about that." Therefore, what Vlad Tenev told congress under oath seems to be false or misleading. + +&#x200B; + +According to speculation on the internet, the short interest in GME could be anywhere from 226% - 1,000%, and the number of shares of Gamestop people own around the world could be anywhere from 163 million - 531 million. You can find more information about Gamestop on the following websites (ask the people on the following subreddit which other subreddits are useful since linking to other subreddits is banned): + +&#x200B; + +https://reddit.com/r/Superstonk + +https://youtube.com/c/Superstonk + +https://youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA + +https://youtube.com/user/lucykomisar + +&#x200B; + +Numerous people all over the world have written about how short interest can be faked, lied about, or hidden. It's widely believed that all short positions must eventually close, but short sellers have tricks up their sleeves to "kick the can down the road" and delay closing their short positions—most likely to delay a short squeeze or to convince retail investors to give up and sell their shares. If there is a dire lack of supply of authentic, legitimate shares of Gamestop stock, the only way short sellers can close their short positions is if people sell their Gamestop shares: the less of a supply there is of authentic, legitimate shares of Gamestop, the more people can sell their shares for higher prices. If the supply of authentic, legitimate Gamestop shares is zero, then people can essentially name their price (no matter how high) when it comes to selling their shares. The evidence I will give you below all points to the fact that the Gamestop short squeeze was simply delayed—not stopped. + +&#x200B; + +If naked short selling didn't exist, Gamestop stock would be worth much more than its current listed price. The price of shares of Gamestop has been heavily manipulated and does not reflect the genuine value that would be manifested by organic supply and demand. The president of the NYSE has admitted this fact. + +&#x200B; + +https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/ + +&#x200B; + +The punishments for false reporting about short interest or naked short selling are extremely small fees compared to the overall profits that have been made via these tactics. The SEC unfortunately does not enforce the current regulations or is unwilling to enact change. Below are some of the most important math, facts, and other verifiable pieces of evidence we have about false reporting about short interest, naked short selling, and other corrupt practices associated with Gamestop securities. + +&#x200B; + +In my opinion, the crowdsourced research about the Gamestop short squeeze produced by redditors is the second most important crowdsourced research project in the history of mankind second only to Wikipedia. + +&#x200B; + +**I found the entire naked shorting game plan playbook posted on a forum in 2004. They called it "Cellar Boxing". + Yahoo / Morningstar censoring GME data depending on your IP. It's not a glitch.** + +https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/ + +&#x200B; + +**"Eliminate ALL Naked Short Selling(NSS) in ALL markets" by Joseph Carvalho (2008): Many of these companies have their share prices driven down systematically to price per share between 0.0002 and 0.0001(or less) and held there in a vice-like grip resulting in CELLAR BOXING.** + +https://www.sec.gov/comments/s7-19-07/s71907-1220.htm + +&#x200B; + +**A letter on the SEC’s WEBSITE begging them to do their job in 2008, calling out naked shorting, FTDs, cellar boxing, and even suggesting the Secret Service get involved since it constitutes counterfeiting. We aren’t the first to uncover any of it…the SEC has known all along; they just didn’t care.** + +https://www.reddit.com/r/Superstonk/comments/pmsmpj/a_letter_on_the_secs_website_begging_them_to_do/ + +&#x200B; + +**The Securities and Exchange Commission today issued a Risk Alert to help market participants detect and prevent options trading that circumvents an SEC short-sale rule. The trading strategies observed by the OCIE staff may give the impression of satisfying the Regulation SHO “close-out requirement,” while in effect evading it. These sham close-outs violate the SEC rule, which aims to ensure that trades settle promptly, thereby reducing settlement failures.** + +https://www.sec.gov/news/press-release/2013-151 + +&#x200B; + +**Almost everything posted by this reddit user is useful:** + +https://www.reddit.com/user/atobitt + +&#x200B; + +**A House of Cards parts I, II, & III in PDF.** + +https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/ + +&#x200B; + +**Looks like the recent RobinHood Class Action SI Report just proved /u/broccaaa's data. That the shorts haven't covered, that they hid SI% through Deep ITM CALLs, and SI% is a minimum of 226.42%.** + +https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/ + +&#x200B; + +**The Puzzle Pieces of Quarterly Movements, Equity Total Return Swaps, DOOMPs, ITM CALLs, Short Interest, and Futures Roll Periods. Or, "The Theory of Everything"** + +https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/ + +&#x200B; + +**The naked shorting scam in numbers: AI detection of 140M hidden FTDs, up to 400M naked shorts in married puts and massive dark pool activity by Shitadel and the shorts.** + +https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/ + +&#x200B; + +**The start of the SWAPs: packaging 'meme' stocks up into toxic debt bundles. It's 2008 all over again!** + +https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/ + +&#x200B; + +**Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.** + +https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf + +&#x200B; + +**SuperStonk library of important crowdsourced research or "DD," art books, magazines, and periodicals in a page-flipping PDF format!** + +https://fliphtml5.com/bookcase/kosyg + +&#x200B; + +**Dr. Jim DeCosta and Associates, Consultants to Victim Corporations who spent more than two decades of his life to the study of naked short selling** + +https://www.sec.gov/rules/proposed/s72303/decosta122203.htm (2004) + +https://www.sec.gov/rules/proposed/s72303/jdcosta012204.htm (2004) + +https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf (2005) + +https://www.sec.gov/comments/s7-12-06/s71206-899.pdf (2007) + +https://www.sec.gov/comments/s7-08-08/s70808-428.pdf (2008) + +&#x200B; + +# Epilogue: The Naked Short Selling Game Will Be Stopped. + +&#x200B; + +It was in the shortsellers' best interest to bankrupt Gamestop with naked short selling. What happens when an investor maintains a short position in a company that gets delisted and declares bankruptcy? The answer is simple: the investor never has to pay back anyone because the shares are worthless. Companies sometimes declare bankruptcy with little warning. Other times, there is a slow fade to the end. A short seller who didn't buy back the stock before trading stopped may have to wait until the company is liquidated to take a profit. However, the short seller owes nothing. That is the best possible scenario for a short seller. Eventually, the broker will declare a total loss on the loaned stock. At that point, the broker cancels the short seller's debt and returns all collateral. + +&#x200B; + +https://www.investopedia.com/ask/answers/maintain-short-position-delisted-stock/ + +&#x200B; + +Gamestop is heading in the absolute opposite direction of bankruptcy and paid off all of its debt with its profits; has been entered into the S&P MidCap 400 Index; sold enough stock to obtain nearly $2 billion dollars of profits or cash on hand to grow and strengthen their company; recently hired experts with experience at many different companies (Amazon, Chewy, Walmart, QVC, etc.); obtained new fulfillment centers; built a team for a non-fungible token (NFT) platform based on Ethereum; and much more. Simply Google these topics for more information about these news stories. + +Ryan Cohen may potentially revolutionize gaming, the entire financial market, and all intellectual property as we know it through NFT and blockchain technology! + +&#x200B; + +**The GME Warpath** + +https://www.reddit.com/r/Superstonk/comments/pe37k7/the_gme_warpath/ + +&#x200B; + +**When Ryan Cohen was launching online pet retailer Chewy, he spent a lot of time thinking about how to compete against Amazon. Now, a decade later, after selling Chewy for $3.35 billion and exiting the company, Cohen is still thinking about the best way to beat Amazon.** + +https://twitter.com/ryancohen/status/1221498793046265857 + +&#x200B; + +**GameStop Amasses $2 Billion After Tapping Investor Army Again** + +https://www.investors.com/news/gme-stock-gamestop-amasses-2-billion-after-tapping-investing-army-again/ + +&#x200B; + +Short Sellers have set cancer research back at least decades from their abusive tactics. + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/ndrjl8/naked_short_sellers_have_set_our_cancer_research/ + +&#x200B; + +We are convinced that the various State Securities regulators, if they understood the concept of naked short selling, would have had an absolute fit if they knew that the SEC was even considering allowing market makers to sell entities that don't exist and thereby dilute the equity ownership of investors in their states, or to fraudulently distribute counterfeit shares of public companies domiciled in their states. This only illustrates how little people know about "naked short selling" and the role of the DTCC. + +&#x200B; + +https://www.sec.gov/rules/proposed/s72303/decosta122203.htm + +&#x200B; + +*The content of this post is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.* + +*All opinions expressed by me are solely my opinion and do not reflect the opinions of anyone else.* + +*You should not treat any opinion expressed on this message as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information I consider reliable, but I do not warrant its completeness or accuracy, and it should not be relied upon as such.* + +*I am not under any obligation to update or correct any information available on this website. I am an active shareholder of Gamestop stock.* + +*Also, the opinions expressed by me may be short term in nature and are subject to change without notice.* + +*I do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed from my reddit account. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.* + +*You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.* + +*None of this is insider trading and is all publicly available information.* + +https://www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.html +I've seen a lot of positive information about Paypal's stock and what the future might hold for Paypal especially with Venmo hitting Amazon; however, it seems every other day it's 3 steps forward and 3 steps back as Paypal stock sits between 180 and 195 for a single share. What do you guys think about Paypal as a company currently? and what do you think as far as stock price within the next year or two? +Although their interface is a bit less intuitive, the customer service has been fantastic. Bonus: They're the only place that has let me set a Limit Order for 1 share at $2,000,000 for 30 days. + +For those reason's I'm going to give them a follow on Twitter. [https://twitter.com/Computershare](https://twitter.com/Computershare) + +https://preview.redd.it/jyvxlrd8ehp71.png?width=520&format=png&auto=webp&s=08ffce802bd72769ee627b31645909d78a623124 +Do you: + +a) think you will outperform. However it seems most people think you'll underperform + +b) major positive is that its almost like a good way to generated some income from cash. Why do you need it though? Does your salary not meet your living expenses and you need to generate income from your assets? What's the point of doing all this work and having a huge risk of ending up bag holding some stocks? +Hey guys I'm just curious if I could get any advice on how to start out. So how would you change your RE investing journey if you could start over today? I'm especially interested on topics such as location, down payment size, types of homes (Single family, Multifamily, etc.), and when is a good time to buy? Personally I have a large majority of my net worth in the stock market, and would like to diversify to other asset classes. +Is it just me or are the prices of mangoes absolutely bonkers this year? + +If so, why? Backpacker shortage? Weather? + +&#x200B; + +I'm afraid I'm not prepared to pay $3.50+ for 1 mango, so I haven't had a single mango. +My parents are divorced. Immediately after I graduate I will be on my own because my mom is moving across the country. I’m buying my own car with my own money soon, and neither of my parents want to pay insurance. My dad blames his lack of money on my mom for child support but I know damn well he makes around 100k a year so he’s just being shitty. My mom is declaring bankruptcy and only makes 30,000 at most, and is not able to help me pay for insurance at all. Im a contact worker making 15$ an hour, however my job ends after 5 weeks. I really need help because I don’t know if i’ll be able to pay my own gas, insurance, and car fixes on a minimum wage job that I’ll be getting after my contract is done. What do you guys suggest I do?? +Due to random chance, I've been pretty successful at day trading. I've heard the horror stories of shorting, and know it's a bad idea, but I got lucky on some crap coins using basic TA. Right now, I'm up, so to speak. However, this is at the cost of time, which often amounts to hours on end. Even with limits and stops and all that, it's hard not to monitor. If I stop out, I need to set a buy back. All that jazz. + +So, for an experiment, I'm going to cancel all my conditional orders for a year. I will use the time once reserved for trading to make money at my day gigs, toss a budget in every week toward ETH and repeat. I'm betting that, in the long run, this strategy will be much more lucrative than day trading. For every dead project, I anticipate one that moons unexpectedly. + +Thoughts? Is this defeating the whole purpose of messing with crypto for long-term gains? + +Of course I'm gonna check crypto news out of boredom, just like I do any other site, but I'm changing passwords to trading accounts so they're harder to get into, and not saving them in my browser. We'll see if this lasts a month, a year, or two hours. +Its a live feed of the most popular tickers, ranked and links to the comments. They drop off after a period of time too, and the list refreshes every 60 seconds. + +Let me know what you think, if people like it then I'll continue improving it. Theres definitely some half baked parts of it, but I wanna see how the site does with a little load and get some feedback + +https://dayminer.herokuapp.com/ +Hey all, I'm not sure how helpful this anecdotal story will be, but I'm really excited about this community and wanted to contribute what I could. I grew up with a lot of 'checkboxes'--welfare, single parent household, drug abusive mom, and many more. I was a poor student, surrounded by poor influences and no one--including myself--had a lot of expectations. I remember my mom teaching me how to steal gloves from the Salvation Army. I remember digging through couch cushions for McDonald's money. I remember the elation of 'renters rebates' so I could get school clothes. I remember being poor. I started working at 15 and landed a job at the local movie theatre making $5.15 an hour. I was emancipated at 17 and basically couch surfed through high school. I stayed dedicated to my job at the theatre throughout and by the time I graduated high school I was an assistant manager and had no plans for college. One day the manager drove in with his brand new Dodge Stratus and I found out a theatre manager's salary was around 35k and that seemed more than adequate, so that became my plan. + +I eventually was dragged by my old social workers (now "adopted grandmas") to at least attempt to go to college. My grades were terrible so not only were there no scholarships available, but I was rejected by every university in my city. I eventually saved enough to afford a single algebra class at the local community college. I worked hard and got an A. I used that to prove to the universities that I was trying to turn over a new leaf. Once accepted I had to start the arduous process of paying for college. It took a ton of research and back and forth (I did not have anyone to go to with experience on this topic). Thankfully Pell grants and subsidized student loans were enough to cover everything but books. I took out a little extra in student loans when needed to pay rent and keep my head above water. After a year and a half at the local state university campus I applied to go to the "Main U" in the state capital (my first time outside my hometown). I was Pre-Law at first but switched to Computer Science about a year in when I heard about salary and job prospects. At this point I was prideful and felt I had enough experience in CS to justify an internship. I applied a lot and got rejected a lot. After living off my girlfriends server wages for a few months I sucked it up realizing I was not ready and got another job at the theatre. I spent a lot of time at this point learning about my field, reading books, doing side projects, whatever could make me seem more appealing. + +I finally got a break in my Junior year of college and got a job at a student consulting firm doing odd projects for Thomson Reuters. I worked 20 hours a week, made $13.50 an hour and was getting direct experience in my field. I interviewed a lot before and had a lot of rejections. I remember I was sweaty-palmed and walked around the block a few times before my interview and when I got the job I bought my girlfriend (now wife) a stupidly expensive (relatively) purse with my first check. From here, I had my break. I worked there through college, interned directly with Thomson Reuters and was much better poised for interviews as I approached graduation. I got lucky and landed my first job at Microsoft making 81k a year. It was a mind-boggling amount of money. I ate peanut butter sandwiches for lunch every day until my first check came in. + +Since then I've worked miscellaneous places in tech and have increase my salary significantly. I thrive at work and I attribute a lot of that to the fact that I had to learn to problem solve and not succumb to fear early on. Some middle aged guy shouting at me about a deadline doesn't bother me, but for some 'silver spoons' who haven't faced real conflict before it absolutely ravages them and they shut down. People who grew up poor often have a lot of perspective and skills that are valuable to major companies. I'm 29 right now and I just bought my first house, have a solid retirement plan and am able to buy things, travel and help others without worrying about next month. It's still so surreal. + +Like I said, this is just a big anecdotal story. I am well-spoken and white (which I acknowledge has given me privileges despite my upbringing). I chose a career (intentionally) that has a surplus of jobs and high salaries and thankfully had a natural aptitude for it. I had support from social structures. And I probably got lucky saying the right thing to the right interviewer a time or two...I don't know if I would have landed the jobs I did if I applied again. The main goal of this story is just to share a path of how I made it from A to B. Anyone else here, I wish you the absolute best in doing the same! + +Editing to share a link to a very valuable resource I wish I'd have known about: You can dial 211 or visit 211.org to be linked to local resources in your area that can help with necessities like food, shelter, medical or simply starting your path toward higher education or the workforce. A lot of folks on here have expressed a sense of "Where do you begin?" and hopefully for some this link will help! +A friend if mine recently told me that the whole coronavirus debacle has made him a bit more cautious about flying in small spaces with hundreds of people and as a result, he’s going to buy a plane for all of his travel. + +While I’m nowhere near his level, it occurs to me that exclusively chartering or using netjets given how often I’d typically fly is not totally unreasonable (not to mention that it would be way easier when traveling with the kids). I would expect maybe 5 trips within the US annually with around a 250k budget. Throw in a trip to Japan or Europe for another 250k. (This is based on some quick estimates from various websites.) + +For anyone who has done this, do these numbers seem right? Are there particular companies you liked and is netjets worth the hype? +“Anyone who analyses charts knows that we were due for a correction” + +“If you can’t handle dips, you shouldn’t be in this space” + +“BTC just dipped below the 200 day MA so get ready for a downward trend” + +“I’m smart and knew what was going to happen all along. Everyone should be like me and listen to what I say even though I was posting the exact opposite shit yesterday” + +It’s ridiculous. You didn’t know jack. It’s like kids in elementary school who say “that’s what I was gonna say” after the teacher gives the answer to the class. You’re full of it. + +This sub turns on a dime. Make the best decision for you and stick with it. Take profits or don’t but don’t rely on anyone else’s “advice” because nobody is culpable for the consequences of your actions except for you. Enjoy the dip and load up your chips! +Hi, I lived in a same place for 6 months and Landlord started asking that I payed my rent in cash. I explained to him that my daily withdraw limits makes this very uncomfortable to me. He finally said that this is for tax reasons and if I want to pay by transfer he'll have to increase rent by 20&#37;. At this point I obviously just want to move out of this place but obviously he holds my deposit. Since, as I now understand, he is renting illegally what should i do? Or perhaps it's normal to do it? +I’m sure by now most of you have seen yourselves, heard, or even been banned from bets for GME related talk. A lot of you are clearly very upset, and have even stated your intent to brigade the sub and wear the ban as a badge of honor. These apes are going to get our sub shut down. + +This whole saga has given many of you main character syndrome. Yes, a lot of bad actors ARE out to get you. But that doesn’t mean everyone is. We have our own sub dedicated to everything GameStop. We have our own set of rules on how we operate, and we expect them to be followed. Their sub is no different. If they no longer wish to discuss gme, then they are well within their right. We have an entire subreddit to ourselves, and we welcome new apes every day. We don’t *need* to brigade over there. They’ll come to us if they want. + +I just finished listening to their talk, and the mods answered 2 hours of questions and had a very civil discussion regarding the matter. They don’t hate GME. They simply want to discuss other tickers without apes bombarding the comments with emojis. It damages their content and makes people want to leave. + +Remember what it means to be an ape. Take the high road, be kind, and be like RC: silent. + +Last but not least, BUY HODL DRS +**Join the Telegram for 24/7 support:** [t.me/TacoCatCrew](https://t.me/TacoCatCrew) + +TacoCat is moving to make your wallet fat! Among the sea of coins popping up on the daily, TacoCat intends to bring us all a fun, quality project aiming to revolutionise the Binance Smart Chain! 🌮 🐱 + +In an AMA that just recently took place, the owner of TacoCat revealed that they have secured an absolutely insane advertising deal with a major sports league event, namely; **The NHL Stanley Cup Finals!** This is the first step that TacoCat will take to move into the mainstream and bridge the gap between crypto and the wider populous. The exposure which this event will bring will be crucial to building the brand that is TacoCat, and there are already plans and considerations for further events after this. TacoCat is a serious project! 🌮 🐱 + +During the past week TacoCat has had publications made in Yahoo Finance, Business Insider and many other portals. This legitimises TacoCat as a project and provides more mainstream appeal to investors who exist outside the Binance Smart Chain ecosystem. A full time media manager has just been brought on board, and she will be working at creating even more articles and solidifying all marketing efforts into a cohesive whole, to have a unified marketing strategy. TacoCat is taking the time to develop all of this slowly but steadily, and reliably. This is not a pump and dump coin, but rather a long term project being built to last for years! 🌮 🐱 + +TacoCat has developed its own swap on their website to make purchasing TacoCat as simple as possible, given the recent Pancake Swap issues. In addition to this, there are plans currently underway to get listed on an exchange asap to allow ease of access for current and new buyers. This is being actively worked on! 🌮 🐱 + +Another point on the map to look forward to is the Satoshi Street Bets AMA, which is also being worked on currently and should be right around the corner! This will also be a huge event which will be heavily promoted and celebrated, and will be a great opportunity for the community to come together and show off TacoCat to the SSB community! 🌮 🐱 + +There are many exciting things coming like influencers, extreme marketing campaigns and many more. Detailed information, roadmaps and calendars with news and events to look forward to in relation to TacoCat are being worked on right now and will be coming soon! Another thing worth to note is the $1,000 giveaway TacoCat is conducting on their Twitter! Make sure to check it out! 🌮 🐱 + +LINKS: + +💻 Website: [tacocat.life](https://tacocat.life) + +💰 Purchase TacoCat: [tacocat.life/buytacocat/](https://tacocat.life/buytacocat/) + +🐦 Twitter: [twitter.com/tacocatcrew](https://twitter.com/tacocatcrew) + +💭 Reddit: [reddit.com/r/tacocatcrew](https://reddit.com/r/tacocatcrew) + +📷 Instagram: [instagram.com/tacocatcrew](https://instagram.com/tacocatcrew) + +✅ Contract: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +**Make sure to visit the TacoCat website to see all of the articles that TacoCat was mentioned in!** + +As always make sure to do your own research before investing. This post is not financial advice! 🌮 🐱 +We all have that friend of a friend who earns a motza doing something you’d never quite expect. We hear a lot about ETFs and property on this sub, but I’d love to hear a few stories of entrepreneurship. + +I’ll start: I know a residential tiler, works on his own. Turns over 30k per month by renovating wealthy people’s bathrooms, on the upper north shore of Sydney. +I thought it’s always a good time to buy index funds? Especially now that the market is down, wouldn’t it be wise to DCA like one normally would? If not, why are comments saying not to do this getting upvotes? +If brokers are treating the new shares as a regular split, they are essentially giving you an IOU in which all parties know are completely fake and fraudulent. + +However, what this means is that for every real share the broker had pre-split, now only 1 in 4 shares that they have now are real. My hypothesis is that very soon, they will be unable to DRS any shares because they ran out of shares. + +They probably won't straight up disallow DRS. They'll make it harder. And then DRS will get slower, 10 business days, 30 business days, until they never go through or get cancelled. And one day, someone says, "Hey when was the last day somebody was able to DRS?" and it has been weeks and/or months without a purple circle. + +I bet before MOASS happens, whoever still has shares in brokers will need to lawyer up. I'm thinking that's the only route that can compel the brokers to lawyer up themselves to pursue the DTCC for real shares. + +Let's go get those purple circles 🚀🚀🚀🚀 +Hello cryptonians, good times for us! + +I **really** enjoyed [this](https://www.reddit.com/r/CryptoCurrency/comments/nawgc2/vechain_explained_from_the_perspective_of_someone/) VeChain post last week so I thought I will copy its style and format and fit in the IOTA information I have because I’d like to abide by the rules and that post obviously worked out great in that and other regards, though, *this might be a bit longer*. + +Vechain seems to be more than promising and we definitely need more of those quality posts here so shoutout to/u/BrownViking99 really well done mate! + +As a data analyst, I have a very special relationship with crypto. + +On paper, it sounds like the missing piece of the puzzle that can protect my data, through decentralization and data integrity, but practically, many supposed solutions are too complicated or too expensive for recurring data packages. In my company, we rely on centralized services or our proprietary solutions because they can handle the work cost-efficiently and they have better usability. I believe with IOTA, that changes now. + +Why not one of the other solutions? + +Examples: + +* *Ethereum:* +Well, if you have a data table with 3000 individual entries to validate (like vaccine records that come in one after another), you would pay $17 each with ETH, for a total of $51,000 in fees. And that would be just one data set from one customer. +* *Cardano:* +Cardano is a bit trickier. The fee structure is transaction (tx) is a \* size(tx) + b, where:-a/b are protocol parameters and -size(tx) is the transaction size in bytesEffectively a few cents right now. Bigger transactions mean more fees. +* *Vechain:* +VeChain is between 30c and a few $. + +&#x200B; + +In the machine economy, we are talking about tens of thousands of companies globally and millions of sets per hour. **In the data economy with real adoption, every project with fees runs into a ceiling sooner or later, only feeless is feasible.** + +So in most cases, a centralized service is cheaper right now. IOTA, however, does it all for free. And I can't be the only developer who sees this. + +You can look at it from all sides, IOTA is currently without competition. Here is why: + +\--------------------------- + +# IOTA + +Anyone interested in IOTA's applications has had to spend the last few years on the roller coaster of emotions. + +Rooting for IOTA is many things, but not easy, until now. + +Though it gained some momentum back when most of the drama went down, some controversial figures left the stage and they announced an official solution for one of the biggest if not the biggest problem in crypto, for all projects. The [scalability trilemma](https://medium.com/logos-network/everything-you-know-about-the-scalability-trilemma-is-probably-wrong-bc4f4b7a7ef). + +&#x200B; + +[The Trilemma: a Blockchain can only have two edges of this triangle. ](https://preview.redd.it/sheydmtzwwz61.png?width=450&format=png&auto=webp&s=a17e15064009df8b5a9b86633c7c0512787c2dc3) + +&#x200B; + +This is obviously a big deal for this space and some companies already declared IOTA their ledger to build on, but later more. + +# What is IOTA? + +IOTA is a crypto project for the Internet of Things, for the machine economy, and for an actually unspecifiable number of applications wherever data or values are to be sent securely. This means it can also perform many of the functions of other cryptocurrencies through its capabilities. Whenever values are sent, this can also happen through IOTA. Additionally, data can be sent without even owning the token. Neither requires fees or mining. + +So, IOTA is a cryptocurrency, but also much more than that. + +When I started looking into it, and I think that’s what you should with all big projects, I noticed that most of the projects have a very specific use case, but IOTA was *a little bit more than that*. + +Sure, ultimately the majority are meeting here for investment reasons, but a lot of people, myself included, are interested in the technological narrative for data markets, the social as well as economic impact, because it simplifies our work flow and it will transform major parts of our lives. + +*A little bit more than that* \- it's only logical that a mammoth project like IOTA sometimes comes across as a bit pretentious, considering its history. + +&#x200B; + +# How does IOTA work? + +I think over the years it has become clear that IOTA is choosing a completely new path because the devs and initiators involved have noticed along the way that blocks and chains provide enough bandwidth for most speculation-based applications, but if you think about infrastructural improvements, i.e. a so-called backbone for e.g. the Internet of things, data markets, or a scalable e-commerce environment you don't achieve nearly enough transactions per second. + +Bitcoin currently achieves 7 transactions per second, Ethereum about 15, some other projects with proof of authority like Hyperledger also a few thousand, but these are permissioned environments, which are contrary to a free data and machine economy. Permissioned means, your node has to been validated, a form of centralization as not everyone can participate. The machine-to-machine economy is interpreted by the IOTA Foundation as a free network for everyone. + +The tangle, i.e. the IOTA network, was therefore created with the aim of confirming transactions in parallel rather than sequentially because it’s faster. + +In the first iterations the idea was 2 for 1 so whoever makes a transaction must first confirm two other unconfirmed transactions with a little local proof of work (one-millionth of a BTC transaction). + +The first iterations were rather unsuccessful attempts because of a few things but mainly because the whole system was hung up on exotic design decisions. + +The trinary hash signatures (a good but complicated idea for the future) or the Winternitz one-time signature scheme (which was used against the future threat of quantum computers) prevented fast processing of the transactions and also the integration and management of addresses for exchanges and users. TBH, it made IOTA way too complicated to create usable solutions in and outside of corporate environments. + +Well, the Foundation has made many concessions in this regard, not always without external pressure. We remember some public executions of IOTA, unpleasant times, but part of history and also part of the change processes that people like me were waiting for. + +Now we are here. IOTA has integrated Chrysalis, the latest update and old design decisions have been replaced with industry standards like Ed25519. + +I could go on here, but essentially IOTA has become more lightweight, binary, faster, and has been equipped with reusable addresses. Now it’s reliable and usable, simple as that. + +&#x200B; + +[Chrysalis changes](https://preview.redd.it/u3ea4k8bxwz61.png?width=768&format=png&auto=webp&s=3b94a229a127309139efa3f5b4401f750d7efd3c) + +For now, the 2 for 1 rule remains, but with IOTA 2.0, expected towards the end of the year, IOTA will also move away from that and become multidimensional, so that many transactions are confirmed at once, without proof of work. + +Also possible, according to their roadmap, are smart contracts, DeFi, NFT's and colored coins. It almost seems as if the base-layer function is not only possible for the IoT, but for a large part of all use cases, including crypto. + +Clearly, non-scaling projects like ETH (today) have cost investors and developers a lot of money in transaction fees and due to its technological advances billions of dollars return on investments, so don’t get me wrong, but IOTA would bring about a general improvement that everyone feels - imagine the NFT or DeFi market without fees. + + +And just yesterday, Elon Musk declared crypto important but minable projects like Bitcoin not green enough. IOTA certainly wins Internet points here, as it’s one of the greenest that works without mining. This is more important for companies in my realm than people might imagine as sustainable applications and technologies have a better societal and political acceptance, naturally. + +# Genesis + +IOTA was created non-inflationary no new tokens will be created, and in the crowd sale in 2015 all tokens were sold fairly, even founders and developers had to buy in. + +The tokens used by the IOTA Foundation for development were collected as donations and there is no further premine. + +The goal of this technology is to scale high enough so that machines can send data and smallest amounts of money to each other, even millions of transactions per second are possible from IOTA 2.0 and then subsequently integrated sharding. +Let me be clear: For now, and only for value transactions, **IOTA’s consensus is accompanied by a validator node, the coordinator that provides the network with a general direction. A centralized protection onboarding mechanism that is finally gone with IOTA 2.0.** + +What really important for developers is: There is already an IOTA 2.0 testnet called Pollen, and the next one, Nectar (feature complete and incentivized step by step) is here very soon. So if you’d like to develop future-proof tech, it might be a good idea to look into that as well. + +# IOTA partnerships + +\-Dell Technologies + +\-Intel + +\-Jaguar Land Rover + +\-Edag + +\-EVRYTHNG + +\-EU government (CityxChange) + +\-Object Management Group (Standardization institution) + +\-Senseering + +\-Zebra + +\-TM Forum + +\-INATBA + +\-ClimateCHECK + +\-TRADE MARK EAST AFRICA + +\-ENSURESEC + +\-ST Microelectronics (Europe's biggest semiconductor manufacturer) + +In fact, the number is much higher, but it makes most sense if you look in the [IOTA archive](https://iotaarchive.com/), there are all collaborations, projects, and also patents (an impressive number) with IOTA with primary sources. + +It's probably more in the hundreds. + +Let's take a look at the partnerships and collaborations because as a data analyst, there are a few treasures hidden here. + +Dell and Intel are working with IOTA on [Project Alvarium](https://www.youtube.com/watch?v=ltv7E0fJBWI) (Conference with all parties), a data environment, or fabric, to make data trustworthy. + +That's a big deal to me, because the data that's in edge environments, at the point of origin (like in sensors), hasn't been trustworthy until now. The fact that the biggest companies in the world are now working on this, with IOTA, shows me that it has a future. + +Senseering is a company founded by the elite university RWTH Aachen in Germany. They are trying to apply IOTA's tech to modern production in engineering to secure real-life data. + +They are on it since 2018 and many videos to prove its results have [been uploaded](https://www.youtube.com/watch?v=y-X3mCyta0c). They create tech for Germanies biggest companies such as Bosch, VW etc. + +The Object Management Group is a standardization company in Massachusetts that discusses and defines various standards and provides the industry with uniform ISO standards. There are now 250, including CORBA, CWM, DDS or MOF, SysML, and UML. + +IOTA is in the process of being standardized and made available to the broad mass of companies and developers, a data standard. + +&#x200B; + +[Standardization roadmap](https://preview.redd.it/79vz46fexwz61.png?width=1000&format=png&auto=webp&s=96fa6127d3f760625ff6670ca08c214e50bfc75f) + +This is one of the most impressive developments around IOTA and for me a huge relief as I don’t have to rely on an armada of proprietary standards of several companies in the future. + + +Also interesting, Dr. Richard Soley, CEO of the OMG is on the Supervisory Board of the IOTA Foundation. All in all, [the team](https://www.iota.org/foundation/team) is quite impressive. + +# IOTA use cases + +In general, IOTA is located in the Internet of Everything. + +Everything that is digital can be supported by IOTA whether it’s value or data-based. + +*Web of trust* + +Whenever data is traded or sent in a trustworthy manner, IOTA can assure data integrity with various frameworks. + +This comes into play in the following applications: + +\-Self-sovereign identity in the mobility sector or for human ID verification (like a vaccine-passport). + +\-Data markets for science, the industry, or mobility use-cases. A self-driving Tesla had to rely on trusted data, a smart infrastructure could offer that. + +\-Digital twins are copies of industrial environments that can create data digitally to test and improve parameters. The data generated is valuable. + +*Microtransactions* + +Microtransactions are a novelty that can bring about many different innovations, such as fairest per-second payments for media like video or music streaming.Even data packages from environmental sensors can be paid fairly so that sensors can finance themselves over months and relieve the academic sector financially. + +*Supply and audit chains* + +Quite comparable to what VeChain offers, IOTA can offer a safe route for information on global value chains for food, materials, or pharmaceuticals. I think that is quite self-explanatory. + +*E-commerce* + +Everything that Paypal, Mastercard, or Visa offer today, can be offered by IOTA tomorrow, though, this time without fees for vendors and customers and you own your consumer habits and data generated by it. + +*In Crypto* + +Not ready today but the basis is set: IOTA will be able to host all kinds of smart contracts, NFT’s DeFi, colored coins, and it can also wrap projects and send them for free. Imagine BTC being sent over the tangle. That would be a true cooperative crypto landscape everyone would benefit from.Additionally, I could imagine that IOTA will become some kind of a fast transaction protocol between exchanges (for traders and everyone else) as the finality is extremely fast and the ledger doesn’t require fees. + +*Sustainability* + +There is just one planet, resources are scarce and the atmosphere has enough carbon already. IOTA is a green enabler technology that can induce a transition to a more sustainable society where power from your roof can be traded securely with your neighbors. While it’s offering that, it doesn’t have to rely on miners. No oil or coal needs to be burned for IOTA’s consensus. Considering how the political landscape is changing, and society is sensitized towards a more efficient lifestyle, IOTA is in a good position to be not regulated to death, unlike projects that rely on heavy mining. + +Jeremy Rifkin talked about his idea of a zero-margin economy that can bring the necessary transition. Every IOTA enthusiast knows this video and so should you (even if you’re not into IOTA). [Link](https://video.vice.com/en_asia/video/vice-the-third-industrial-revolution-a-new-story-for-the-human-family/5a79c759f1cdb34df33d5811?latest=1) + +# My thoughts on IOTA + +New technologies not only improve our daily lives, our jobs, and the applications we rely on but also lighten the infrastructural load and optimize the world. + +Optimization is one of my main concerns, developers are lazy and want simple solutions that will have a direct impact. + +IOTA is that technology for me and Nectar / IOTA 2.0 will hopefully prove it. + +I believe IOTA is necessary and far away from only providing this space with speculative qualities. + +# Disclaimers + +I currently hold IOTA, BTC, ETH, and Vechain - because of the last post ;) +My company is familiar with IOTA and I make sure they keep it that way. + +This is an analysis from a developers point of view and **by no means financial advice, DYOR** + +This article got a little longer, thank you for your attention. + +&#x200B; + +# Sources + +[https://www.iota.org/](https://www.iota.org/) + +[https://iotaarchive.com/](https://iotaarchive.com/) + +[IOTA 2.0 Website](https://coordicide.iota.org/) +Algotrading has always piqued my curiosity. But, let's face it, none of us have the data, processing power, or storage that quant businesses do, so anything produced on this platform will fall short. + +It makes me wonder why bother trying when the house always wins. Users who sell algorithms that do well in backtests, in particular. Given enough time, I believe a well-programmed AI will be able to filter through all of the market's endless intricacies and uncover patterns that will let it not just beat the market, but do so easily. + +For example, there are folks in [r/algotrading](https://www.reddit.com/r/algotrading/) who have been programming these types of algos for a long time. [Breaking Equity](https://www.breakingequity.com/?r=1) is a popular example. Consider the institutional level, where firms invest significant sums of money in these algorithms and have the capacity to benefit from them. + +Trading algorithms already exist. Machine learning still has a long way to go, and even then, I'm not sure if it can account for the most important aspect in markets and volatility: human emotion. It will be interesting to see if algos can recreate how emotions and the psychological side of trading can move and effect individual stocks. +No matter what I read, no matter how I analyse the charts, I keep getting fucked on GBPUSD. +I wait for buildup, draw my lines, multi timeframe analysis, look at price action +100 percent price will look like it’s gonna moon and then I get fucked. +I’m almost inclined to start trading opposite to what I see. + +Finding it hard to believe trading really is a skill. If you could make money from trading consistently, WHY THE FUCK WOULD YOU CHARGE PEOPLE EXTORTIONATE AMOUNTS TO LEARN???? +try learn for free as best as you can. + +Currently reading Bob volman’s books, read Anna coulings book already. Next stop I’m gonna go in a limb and get al Brooks course. If after all that, I’m still loosing, then trading is literal bullshit. + +Been 8 months, first started on YouTube, then went to baby pips, then felt indicators is bullshit can’t trust it, then started reading, (volume price analysis seems really good for crypto btw) +Bob Colman understanding price action, easy read;but still getting fucked. Will read his scalping book next. +To really absorb these books it takes so much time, feel like I’m wasting my time and should continue learning 3D and video editing. Told myself one more year to give creative industries a try but can’t shake trading is the job that I’ve been looking for that enables me to focus on developing my self in the way I want. +This is a seriously important topic everyone is ignoring. Copay / Bitpay wallet has been having problems with their servers. In long story short. TONS of transactions have just gone missing from users across the world. If you go onto the copay help and support forum, there's tons of new topics of people losing funds or them being in limbo in copays system. I have lost over 3k and support is ignoring everyone's tickets... How is no one talking about this ? + +EDITED TO INCLUDE BACKSTORY FROM BELOW: + +So on December 9th in my copay wallet right now, I am sending out 0.043239 BTC with a fee of 0.000243btc to address : 1LqRQgKFDKfm6za8q6esdU2yFYe1zngqJc with tx : 83309d5858cf226c3c0edd360c36a2c0c059db3da3a3582f47df6cd468bf2f80 + + +Yes I understand this was a low fee, but I send transactions ranging from 400 sat/byte to 80 sat/byte depending on the situation.. it still should have been picked up on the blockchain and in the mempool at 88 sat/b + +The reciever who is my brother, has the funds recieved into his wallet. Yet this transaction is not on the blockchain. When I view the transaction in copay it directs me to bitpay insight, which then states transaction does not exist. If I paste this tx into any block explorer it doesn't exist, and if I paste the address of my brother who is recieving the funds, on the blockchain, it says there has been no recieved Bitcoin to the address. On top of this, the balance that was sent out keeps appearing and revanishing in my wallet as if it is there for a second and then disappearing, as well as in my transaction history. I have screenshots and can demonstrate how there is something wrong with copay. This has nothing to do with the mempool. + +My transaction did not even touch down in the mempool, but the balance sent out of my copay ? How does this make any sense.. The representative on the copay board keeps going in circles that he encourages us to paste a txid that isn't even real into a blockexplorer other than bitpay insight.. he is also closing all tickets without resolving this problem. By hand i can count 20 people with this issue. Someone even lost 9 btc. This is ridiculous. + + +Please do not give me the answer that the mempool is too full or this transaction does not exist.. because it does exist, and I'm missing a total of $1500 usd from my wallet which I can view as sent out but unconfirmed and not touching down on the blockchain. I have years of experience in this industry as well as run a business around it. I am familiar with fees / acceleration as well as bumping. And this is not something anyone should be dealing with. Where is my money and how are you going to resolve this. + +Here is another user who lost 3 btc with copay with similar issues.. no one is talking about this... + +https://bitcointalk.org/index.php?topic=2592780.0 + +Another + +https://github.com/bitpay/copay/issues/7498#issuecomment-352128939 + +Another + +https://github.com/bitpay/copay/issues/7404#issuecomment-351521405 + +Another + +https://github.com/bitpay/copay/issues/7418 + +I have a good paying job in Australia without a degree but it's just a 9-5 job and I have a lot of spare time. Just wanted to see if anyone has little things that do that earns them some extra spending / saving money. + +I fell that if I could find something that would put around $150 in my pocket a week it would really help with my saving goals. + + +Edit - Wow, I submitted this before I went to bed and check reddit this morning at work to find 1461 comments. This is great I look forward to reading this to get some ideas. thank you +I recently started a little mission to look at the price action for GME and make correlations with real events, to get a better understanding at what may be happening behind the scenes. + +One of my coworkers told me a few months back that ever since around the GME saga last January, day trading and swing trading has gotten MUCH more difficult... I decided to take a peek and see if anything changed and I stumbled on something pretty neat (or scary). + +What I did was look at activity during PM/AM and activity during market open. + +I will explain my process at the end so you can perform the exact same analysis on any security of your choosing for your own knowledge. + +I took the data for GME dating back to 2020 and split the movements from market close -> market open and market open -> market close. Basically what this means is, I looked at close price vs open price and compared them to each other. + +For the following example, if I invested 1 dollar into GME right when the market opened every single day and sold right at the closing bell, then did that every single day for two years, compounding gains and losses, I would right now be sitting at 41 cents. + +If I did the exact same thing, but invested 1 dollar right at market close then sold right at the opening bell, I would be the proud owner of 23.4 dollars! + +Here is a graphical representation: + +&#x200B; + +https://preview.redd.it/4p720w3zjhq91.png?width=971&format=png&auto=webp&s=9f3d18bb967e0e8c2e48cd023fcfb360c7b393a8 + +I can't even see what is happening during the day, it's that small! Let's move it over to the secondary axis for a clearer picture. + +&#x200B; + +https://preview.redd.it/6fiphl22khq91.png?width=1072&format=png&auto=webp&s=47bbdb2ff39d41b58b86d32d75c0feeb51945459 + +Well isn't that interesting... the daily price drops all but stopped right after the January sneeze! + +On top of that, price started declining during the night time right after the March sneeze! This graphically shows that all of the price f@#\*ery is happening overnight while retail in large cannot trade. On top of that, over the past several months, the daytime price is RISING while the overnight price is SHARPLY FALLING. This proves that the negative GME price action is occurring while retail CANNOT trade. + +&#x200B; + +&#x200B; + +Let's see if the same is true for our other friendly 'meme' stock... + +&#x200B; + +https://preview.redd.it/0qusyczckhq91.png?width=1179&format=png&auto=webp&s=ef3b4acf8581295769421682ea29b4a8baaea009 + +Yikes... looks like they started getting laddered down at the beginning of June, while the daily action stayed mostly flat. I wonder what happened in June... + +&#x200B; + +Let's now look at a broader market example.. the SPY + +&#x200B; + +https://preview.redd.it/xw8k0nntkhq91.png?width=974&format=png&auto=webp&s=9d30037bc568b9e04589f73ab1e4fa84a36d2460 + +By inspecting the SPY chart, it appears that meme stocks had little to no effect on overnight vs daytime movement... but there is an interesting reversal that happens on December 15th in this chart... let's see what it is. + +&#x200B; + +https://preview.redd.it/h4rj8u40lhq91.png?width=577&format=png&auto=webp&s=621ede19db20365f7d552d156a9d2cf60f679c25 + +Since the SPY overnight price action is largely affected by the printing of money (or so it appears), let's look at a smaller index where GME sat for a period of time. + +&#x200B; + +https://preview.redd.it/wj3l0rm4lhq91.png?width=990&format=png&auto=webp&s=54f2970d321ec2b7de53bea50343d55f9fc129df + +&#x200B; + +This is the Russell 2000 ETF. This is the ETF in which many retail day and swing traders operate. These traders also trade when the market is OPEN. As you can see, the price action makes a sharp reversal around the Jan 2021 sneeze timeframe and continues that trend to this day. + +My coworker telling me that trading became hard after the GME saga appears to have truth to it. + +Here is the process in case you want to do it for yourself: + +1. Search the stock you want on yahoo finance +2. click historical data and download to csv +3. open CSV and do Close/Open and Open/Close formulas. +4. plot the data + +Please let me know what your thoughts are on the matter and if there's any validity to my claim that crime happens overnight. Retail traders are kicking butt during the day and getting robbed when the exchanges are turned off. + +TL;DR - Price is manipulated overnight + +&#x200B; + +Edit: here is a link to the article that inspired me to look at overnight trends, courtesy of JackTheTranscoder + +[https://arxiv.org/abs/2201.00223](https://arxiv.org/abs/2201.00223) + +Edit 2: I understand everyone in the comments is talking about the articles discussing the overnight returns. The point I am trying to show here is that overnight returns are now **negative**. The days of rampant overnight pumping are over… at least for the mid-caps. They still pumped large cap stocks as much as possible overnight. +My husband and I are in our mid 30s and have always been interested in having financial independence (although it seemed far off with student debt and a recent mortgage). We just welcomed a beautiful baby. She has some medical surprises and with that we now need to factor her into our financial future. + +We both work in healthcare and have a stable job/income. We can save around $1500 a month after expenses. Although, now it is a lot of medical bills for our kid. We both started maxing out our 401k a couple years ago. He has a full and a part time job currently for some extra income and to pay down debt. Babysitting is thankfully free from my mom and I know how lucky we are to have that option. + +I know everyone has a different number they shoot for that makes them comfortable for FI. We thought we found ours. However, is seems even further off now and not sure it is obtainable. We don’t hate our jobs or anything so if we worked until 65, it wouldn’t be the worst thing in the world. It was just nice to have that option to retire early or go part time at least. Is any number ever going to be enough when the future seems that much more unknown in what to expect? +I noticed in Australia it is unusual for the owner to advertise and sell without an agent, which is in stark contrast to most European countries. + +My apartment is small, I will be making a loss with the sale, and I have absolutely no need for an agent and their very high fees, especially when it comes to small properties as a percentage of the sale price. I know all the advantages and the worth of the apartment and can answer any questions much better than any agent can. +I also don't buy the myth that they are experienced negotiators who will get me a higher price. Often it's in their interest to sell quickly than negotiate $5k or so on my behalf. They literally just open and close doors and often do not answer calls or messages, as I noticed in many instances when I was looking to buy. + +But then, I might be missing something big. Any thoughts or advice would be appreciated. +Hi all, + +After neglecting my TFSA for a bit too long, I've almost maxed it out. + +Obviously this means investing larger amounts. For the coming years, since we only get around 6K yearly contribution, what are the different "strategies" or views on how to invest this yearly amount? + +Say I have the full 6K ready to put into my TFSA by February, do I lump sum invest, monthly (though I have a $10 fee per trade)? + +What if I have 500$ a month that I can afford to put in my TFSA? Do I invest 500 a month or let it accumulate? + + +I personally have a mix of Canadian and American ETFs/stocks (Also have AAPL and AMD in Canadian which I had bought when I just started), and have some ETFs in USD which I used Norbert's Gambit. + +I was thinking of keeping the max yearly contributed amount UNCONTRIBUTED for that year, and really actually investing it the following year, to be sure to have at least \~6K ready just in case. + +What do you guys do? I hope this made sense lol +Boomers are aging in place, not selling. + +Rates at record lows, refi and chill + +Equity at all time high, cash out refi and rehab current home + +Building expenses through the roof, builders only building high end. Sub 400k inventory crunched with no new builds + +Forbearance will end, but banks don’t want your house, easier to do a loan modification and keep you in your house, not many foreclosures will hit the market. + +So where is the inventory going to come from to get this market back to “normal”? + +I predict this thing is going to get out of control, inventory could be cut in half again, especially in cheaper markets where builders won’t build due to lack of profitability (sub 400k markets) +I bought the house across the street for me, a 4 bedroom 2 and a 1/2 bath ranch For $320000. I've been receiving rental applications and I got a section 8 housing voucher application for 3500. I listed the property for 2400. And I've already decided that I'm not going to accept it. But if they're approved for 3500 does that mean I could charge them 3500? +Yes, because: + +1) **We are the Most under-built in the US since the 1970's.** This was because from 2007 to 2017, builders laid off 74% of their employees due to the competition of 5 million foreclosure sales which were selling at low prices and depressing home prices. + +Instead of following the law of supply and demand, too many follow prices and rents, which always are high during the entire real estate expansion. + +2) **Lowest Interest rates in 50 years**. Rates could go up, but low rates are fueling a real estate inflationary up-leg. + +3) **Lowest percent home ownership in 40 years at 64%.** It was at 69% at the peak in 2007 and fell to 63%, but has only risen to 64%. Usually rises at least 3% before a peak. + +4) **It takes weeks to sell.** Usually during a downturn, it takes months to sell. This is another indicator that we are still under-built. + +5) **No foreclosures.** Typically foreclosures rise slightly (around 1/20th of a percent) for 3 years prior to a peak. No foreclosures yet, so we are not yet at a peak in 2020. + +Normally Real Estate peaks like in the 1960's, Savings and Loan Scandals and SubPrime Loan crisis have **high rates and are overbuilt**. Proof that we are under-built is that in 2020, 60 million applied for unemployment but Real Estate prices went up around 15% nationwide. + +People tell me that I am wrong, that you have to have a job to qualify for a loan, but the dot com bubble and the recession of the 1970's and now the corona crisis all prove that if you are under-built, that real estate continues to go up in a recession with loss of jobs. + +It tends to be every other recession, where Real Estate bucks the trend and continues to go up (because we are not yet over-built). + +Alan +If no one wants to work anymore. Employers cant find employees. Gas prices are really high. Cost of food is high. Mortgage rates are high. Everyone says we are headed into a recession yet theres traffic everywhere, people going on vacations, people traveling, malls are packed, people buying stuff, restaurants are full…. How? How are we going into a recession when everyone is spending money? Where is this money coming from? How are people able to spend money? +I usually post my "buy-the-dip" plays, but with this temporary increase in volatility I'm getting back into selling options, CSPs to be specific. For those that have been following on my journey I've posted all my plays over the last 2 months. Here are this week's picks and the reasons behind the trade. + +# What am I selling this week? + +I've looked at IV lists and charts and here are some plays that offer returns of my liking this week. Remember, I am not interested in "getting rich quick" through the market. This is a place where patience is rewarded and I am happy with a 10% quarterly gain. Those who seek fast returns are usually humbled by the market through a swift loss of capital. + +&#x200B; + +**Marathon (MARA)** + +https://preview.redd.it/7pyrvcp7nar71.png?width=2510&format=png&auto=webp&s=78f59b8eb5b2ebde593a74f10d62aefce59b31f1 + +Est. IV: 80% + +Put Option Strike/Expiration: $32, Nov 5th, 2021. + +Return: $3 for $300 premium, 9% return on risk. + +Break-Even Price: $29, full profit above $32. + +Details: If MARA stays above $29 in 5 weeks, the position remains profitable. MARA already in over-sold category as a proxy for crypto. Next support is around the $23 level. Keep an eye on crypto as this crypto miner will follow prices accordingly. + +&#x200B; + +**Palantir (PLTR)** + +https://preview.redd.it/y80i1i8bnar71.png?width=2522&format=png&auto=webp&s=76d2c2f7bb6d8bce43197e1f26cfcbc5c9712295 + +Est. IV: 55-60% + +Put Option Strike/Expiration: $24 strike, Nov 5th 2021 + +Return: $1.35 for $135 premium, 5.6% return on risk. + +Break-Even Price: $22.65, full profit above $24. + +Details: Palantir almost broke out past $30 two weeks ago. The stock price has dropped nearly 20% just last week. IMO good risk-reward at these levels. If I get assigned I would have a cost-basis of $22.65 which would still be a solid entry. + +&#x200B; + +**Cloudfare (NET)** + +https://preview.redd.it/11thumpbnar71.png?width=2532&format=png&auto=webp&s=8b6b3a14f4edb740e31836bac9a67c324fc50654 + +Est. IV: 50% + +Put Option Strike/Expiration: $110, Nov 5 2021 + +Return: $5.25 for $525 in premium, 4.8% return on risk. + +Break-Even Price: $104.75, full profit above $110. + +Details: NET was on a solid uptrend until last week where it broke through the 50 EMA. I am looking for a bounce off the 200 EMA (current level). To be safe I might sell the $110 strike for a bit more cushion. Stock price is $115 and should I get assigned my cost basis will be \~$105. + +&#x200B; + +**Virgin Galactic (SPCE)** + +https://preview.redd.it/08anxxyvnar71.png?width=2516&format=png&auto=webp&s=4bee702a5c30c6878766816a6b7ad5aae2c49c19 + +Est. IV: 50% + +Put Option Strike/Expiration: $22 strike, Nov 5 2021 + +Return: $1.55 for $155 in premium, 7% return on risk. + +Break-Even Price: $20.45, full profit above $22. + +Details: The SPCE chart is something else and seem to be a repeating pattern. In my opinion we could be at the lows with the potential for a squeeze to the upside. This stock seems to take off on social sentiment often and as the option is short-dated and rip to the upside will allow us to maximize profit quickly. +I've been putting my taxes off because it was messy. But my accountant texted me at the start of May to remind me my taxes are due for lodgement May 15th. + +I frantically got my stick trades in order and have sent off my tax reports to my accountant as of yesterday (as this is what she has asked for). + +However, she has since gone silent. Which normally wouldn't be a big deal. But since it's so close to the deadline... + +Am I able to ask the ATO for an extension?... Will I go to jail if my taxes aren't lodged by the 15th. +Was having a discussion with a friend who is HNW about the merits of a fee-based financial advisor. I have no interest in having my finances managed by a third party - which blew her mind - but she has no interest in managing her own and likes the perks - What are you expectations of "perks" if you have 7 figure accounts? + +Do you expect to be taken to dinners? Invited to economic summits/presentations? Golf at elite courses? Tickets to exclusive events (Masters, Playoff games, etc.)? + +I don't see the appeal but maybe I am missing out if the above are truly that great? + +EDIT: I should add - economic value isn't really what I am going for here, more exclusivity i.e. - suite for a playoff game, good seats at a sold-out concert, rare wine dinners, etc. She may be an outlier as she is very wealthy at a young age, and thus is a valuable client to retain over the long term, so maybe these perks are rare to receive. +I absolutely hope I can see the face on my accountant when he's going through this period of crypto to figure out how in God's name he's going to tax me. "In the span of 22 minutes you bought and sold the same currency 16 times, what exactly were you thinking?" + +Well sir I was trying to time the dip you clearly don't know about a little strategy I like to call "panic selling" +Hey all, I've been browsing and occasionally contributing to the sub for a couple years now. I am a 38M e-commerce entrepreneur based in TX who is fortunate enough to have both excessive money and free time. It would be nice to make local friends in the same situation for the occasional meet up. I absolutely do not seek to network or pitch anything to anyone, nor do I want to be on the receiving end of that. Just to expand my social circle. Interests include golf, gym, nice cars and trading. If there are lots of us, it could become a group chat. Eventually all should verify for each other, I invite feedback on the best way to do that. + +EDIT: Basic level verification, you tell me if it's solid :) [https://imgur.com/a/o7QmGCM](https://imgur.com/a/o7QmGCM) + +> Credit Suisse raised its year-end forecast for the S&P 500 to $3,025 from $2,925. + +> The bank's chief U.S. equity strategist Jonathan Golub said the "receding" risks will drive the market higher. + +> "Less hawkish comments from the Fed, declining inflation and recession fears, and the potential for a resolution to China trade issues are the primary forces driving volatility and spreads lower, and stocks higher," Golub said. + +https://www.cnbc.com/2019/03/18/credit-suisse-raises-sp-500-forecast-sees-20percent-gain-for-2019.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Just read Chapter 8 of The Intelligent Investor which briefly talks about the distinction between "market timing" and "pricing," and it was a bit of a holy shit moment. + + +Graham describes market timing as essentially buying stocks because you think the market is on its way up, and pricing as buying stocks because you think they are undervalued based on your own assessment of what they're actually worth, without any theory of what the market is going to do in the short term. + + +They're both two sides of the same coin obviously - in both cases you're basically betting on a stock because you think it's going to go up, but the difference between the two is crucial. + + +When you're timing the market you worry about what other people think about the stock. You create all sorts of narratives about why the market is down and why it's going to go up. If someone is trying to time the market and a stock goes down 30% after they buy it, they think, "holy shit I made a mistake," potentially sell, and all sorts of bad things happen. Graham equates market timing to speculation, with the results of market timers being the same as most speculators (i.e. not good). + + +When someone is pricing, they don't worry too much about *why* the market is pricing a stock where it is. They just accept that the market can be irrational and misprice stocks sometimes, and for whatever reason this is one of those times. They also don't care about short term market fluctuations - they don't buy a stock because they think it's going to go up in any specific time frame, just because they think it's undervalued now, and they know that *in the long term* the market should bring the stock to its true value. If a stock goes down 30% after they buy it they don't panic, and if anything look at it as an opportunity to buy more. As long as you've got time to wait, Graham believes pricing is the fundamentally better approach. + +The core thing about this distinction in my view is that to be successful pricing you not only have to actually be right in your analysis of the true value of a stock, *you also need have the conviction to stick by your belief that your value of the stock is right and the market's is wrong, even for long periods and in the face of huge potential losses.* Having this conviction is not a question of your brain's computing power, but your temperament/emotional control, almost like the difference between intelligence and wisdom. + +When reading the above, I think we all like to think we're pricers, not market timers. In practice, though, human nature being what it is, we're probably a lot closer to market timers than we'd like to admit. Pricing sounds easy on paper, but it's one of those things that's a lot harder to do in practice. A lot of people who have the brainpower to price a stock don't have the conviction/temperament to stick by their call in the face of market swings. The boom and bust history of the stock market for the past 150 years is proof that most people can't or don't do it. + +In any event, I have no actual point to this post, I just thought it was a really good insight. Go read his book! +1. Cut losses early +2. Move to breakeven +3. Partial close to cover +4. Let winners run + +IMO, this is trading, and ignorance of these principles will increase your risk and reduce your reward +So, long time lurker of this subreddit, but only have posted once before. I'll get to that later. + +First, I'd like to share my appreciation for this sub as a new beginner getting into trading. There's a lot of crap out there and it’s hard to sift through it. Not saying crap doesn't get posted here, but it's well modded. So thanks for that. This is a decent place to get grounded. + +Intention of this post is info from one newb to other newbs getting started. The purpose of this post is more for information and factual stuff than advice. As a beginner some times just factual info can be the most help rather than advice. +I’ll try to make this quick. Probably won’t be, I’m summarizing a year and 4wks here. + +How I got started. I was listening to Jim Cramer on Mad Money while at work. Yea don’t laugh. I always wanted to trade stocks, but never really had the capital to do it. The idea of working from home and trading always appealed to me like it has to many others. Also, I was getting frustrated with my job, (still there by the way). Anyways, once I finished paying off all my school loans I started seriously looking in to trading. I’m 26 atm. + +Quickly learned I still didn’t have the capital to trade stocks the way I wanted to. Living in the U.S. and subject to the pattern day trading rules I would need 25k. Which I don’t. Not sure where I found the info but looking for other ways to trade I discovered spot forex. Hey! And you don’t need 25k to trade like a mad man. + +Quickly learned from multiple sources, seriously its everywhere, if doing FX you need to go through babypips. So 1 year ago at the beginning of March I started working my way through baby pips. Also, I opened up a practice account with Oanda at the same time of starting babypips. Being in U.S. the broker options are limited. I saw the big 3, Gain, FXCM, and Oanda. Gain had terrible reviews, FXCM already had a sketchy past, so I picked Oanda. But honestly they all have bad reviews, but I wanted to trade. + +Took me about 2 months to work my way through baby pips course while trying every indicator under the sun on my practice account. Also discovered tradingview during this time. Best analysis center out there honestly. Now around my 3rd month I started to hit this wall ( this is a magical wall that re-appears throughout this endeavor whenever you finally think you’re getting somewhere) . Realizing that with all the crap and indicators on the screen and if I’m being honest with myself I haven’t got a clue what the crap I’m doing. +I knew I needed to simplify things and stick with things that stuck out to me (you know what they say, find your edge). For me that was going to be MACD. It’s the one thing I thought I understood. Keyword “thought”. And only in the larger time frames 4hr + charts. I could clearly see divergence and convergence throughout the charts. And I could clearly see a shift in the trend after things like divergence. So my goal was to master the MACD. + +It was brutal, but in some ways it worked for me. I could clearly see that an up or down trend was dying out on the daily or 4hr. charts. So when I thought the trend was almost over I would start taking reversal trades or what I thought were break outs of the trend. My practice account almost got murdered multiple times. But if I was convinced the trend was turning, I kept buying or selling more positions until it reversed (but sometimes it never turned and I just ended up cutting a huge loss). Now I’m getting close to 6 months of trading. I was up about 40% on my 100k practice account. Believe me, I understand I still didn’t have money management, and it was probably complete luck, and it was stupid trading with such a large practice account, but at this point in my mind I thought I was ready for the “next stage.�� + +Going live, some people suggest not going live until you have your strategy completely mastered. ( I didn’t) So naturally my sympathy’s fell with those who suggest after 3 months of positive trading you should start prepping yourself mentally with a small real account. By this time I had saved up $3k to throw into my live account with Oanda. And I told myself I was mentally prepared to completely lose all 3k (was I really? I don’t’ know). Why did I pick 3k as my start amount? To me it was just large enough that it would hurt if I lost it, and the potential wasn’t too small where if I was successful I would only be able to buy a happy meal from McDonalds. + +So here I am, 6 months into trading with a live account. It started about as bad as one could expect for someone with no money management. I still didn’t know how to take profit with targets. It’s like I took a stupid pill right before trading live. Cause not only did I not trade divergence all the time, I started taking trades from others on tradingview. Hence my first post on this reddit which I got railed for copying another persons trade. I had to take break for like 2 weeks after that to recoup my mind. I lost about 25% or more of my account. Started taking money management seriously at this point. Started reading up on it, started taking calculated trades with risking only 2% of my account. Those first 2 weeks were necessary for me to grasp money management. Believe me I read all about money management, I even understood it for the most part, but I didn’t really utilize it till I took that hit on my account. Reading is not the same as experiencing. + +Now things started to work out for me again. I went back to searching for divergent trades, my trades. But I also started looking for others on trading view who traded just divergence. This helped, especially when it came to spotting trades you agreed on. I didn’t just follow the highest rated traders, I followed those who were trading similar to my style. Now, believe me, I still suck at trading at this point, but my money management still allowed me to recover my account, and even gain on it. But I was break-even trader 9-10 months in with my bad trading. + +Now this is going to be the part that I never thought I would do, especially since its frowned on in general by this group. But I paid for a trading course, well more like to join a permanent trading group who trains you. (I’m not recommending this) I won’t say who or what the group is. This is just factual information. Yes I paid 2.5k to join a group. So don’t ask who the group is. I’m not writing all this just so the mods delete it as a promotion. But through trading view I found someone whose charts I liked a lot and got in contact with him. Our trading styles were similar and he peaked my interest and was nice when I contacted him and I wanted to learn more faster. So like I said, I found someone whose trading style I associated with. Your style maybe completely different and probably is. So finding a group who doesn’t trade like you would be a complete waste of time. And what do I think of my experience in a trading group? I refrained from live trading during these several weeks of training. I wasn’t the only student. In general we had 1 week of lessons, then split into a small groups for 2 weeks of 1 on 1 trading with a senior trader. Rinse and repeat for a couple of weeks that was my training. All in all, it wasn’t all I expected and yet it was more than I could have expected. I did learn new techniques that I believe help me, but I only finished 2 weeks ago. + +So all in all its been 1 year and 4 wks since I started trading. I haven’t made globs of money in a short time. And I’m still not as good as the senior traders in our group. I still maintain a full time job because it’s necessary for me at this point. I was waking up at 4:30am in the morning just so I could attend these training sessions. And trade before and after work, and have reduced my work hours from 50+hrs a week down to just 40 hrs so I have more time to trade. I hope one day to quit my job so I can trade full time. +Anyways that’s my first year of trading in a nutshell. Going into my second year. If you would like me to update again at the beginning of my 3rd year give it a thumbs up. God Bless. + +TL;DR The why as to why you trade is as important as the strategy you use to trade. + +I am new to Forex. However prior to COVID I was a professional card player but when the casinos closed shop I needed to find another source of income. Over the past few months I have been doing a lot of research into different strategies to use however, the one area of information that is rarely ever discussed is the why of why you are doing this. In any setting risk management is a major component to determine success but, what determines your level of risk tolerance is independent of each person's goals. Before I ever sent a dime to a brokerage or opened a demo account I asked myself these questions. + +1.) What is my reason to do this? Determining whether this was something I wanted to do full time, part time, as passive income or as a challenge to beat. + +2.) What is my short term and long term goal with this? Was I looking to make money right away? Was I looking to reinvest? Have a plan as to what you are going to do with your money beforehand and stick to it. + +3.) How much time am I willing to invest into this? Practice makes perfect in any endeavor and to become good at something requires time. + +4.) How much am I willing to lose before I call it quits? Just because you have 20k doesn't mean you have 20k to lose. Knowing when to walk away from a losing session is even more important than basic strategy as it will allow you to come back to the table to try again so to speak. + +Each of these questions lead to more questions until I had a defined plan of action as to how I wanted to move forward. These questions also gave insight as to the style and type of trading strategies I would be looking for as they fit my goals. The strategy I have been using is successful for me because of my style of risk tolerance and risk management but may not work for others. Ken Jennings and James Holzhauer are two of the most successful competitors on Jeopardy. However the strategy each used were different but worked for them. Same applies to professional poker players, athletes and almost any task imaginable. So I see many people asking for strategy advice. The advice I would give is for them to ask themselves not "How should I be trading?" but "Why am I trading?". This is just my two cents. Good luck to you all. +I like trading Euro pairs so I thought I would showcase some pretty promising Euro setups coming up for you day traders and maybe swing traders. I'll be going through EURNZD, EURAUD, and EURCAD since those are my favorite pairs. I've decided to take a step back from EURUSD for a bit until it has a decent retracement from that move on Thursday. I might even stay out of it a bit longer because I feel like there's going to be a lot of shenanigans over the next couple weeks over the election and the future of the stimulus. Most of my TA for that pair this week has been nullified so I'm not going to risk playing with something that has too many question marks. If you have a good grasp of the pair then all the power to you. + +**EURNZD:** + +[EN 4-Hour](https://preview.redd.it/lq0iqz4bjqx51.png?width=1305&format=png&auto=webp&s=e2e042069d52539c030bff0ea460f8d946e485ec) + +EURNZD had been trending up since the beginning of July but that appears to have changed towards the end of October. Looking at the pair we can see that it broke the trend line (Red), retested it, and rejected it which means that I think we're going to some bearish action on EURNZD for a hot minute. + +[EN 1-Hour](https://preview.redd.it/hetm6uwzjqx51.png?width=1309&format=png&auto=webp&s=34226ae9d0d7b0b0163d017930e36d6916f9a9f1) + +Taking a closer look we can see that we're currently in short term descending channel which means that we want to sell the highs of the channel. If you're really brave and know what you're doing then you could also buy the lows. Be wary of that last candle you see printed. That candle was just a profit taking candle so I'm not really going to give it a lot weight in my analysis. + +&#x200B; + +[EN 15-Min](https://preview.redd.it/h6tvydqolqx51.png?width=1309&format=png&auto=webp&s=8cb4d1caea366ecbc694139ea65f8a5e48343b08) + +So here's what I want to see go down. I want to see price head up one more time to hit that resistance zone (Black Bar) and the top of the channel. Once we get a rejection from both we can try to snipe a pinpoint entry early in the week to try to get a pretty nice 4RR trade to start the week off. You could let the trade run for longer and maybe get a higher RR from this trade but I'm not going to be greedy with it. + +**EURAUD:** + +&#x200B; + +[EA 4-Hour](https://preview.redd.it/txvm2rjlmqx51.png?width=1309&format=png&auto=webp&s=3701df463fcc352b55fde00d5fdf817a77594fc6) + +Nothing too complex here just a simple parallel descending channel (Purple). + +&#x200B; + +[EA 1-Hour](https://preview.redd.it/ofor2afunqx51.png?width=1308&format=png&auto=webp&s=6db942e3b8ca7845b86fd574bf699ae6e2ef8996) + +When looking at the 1 hour chart the narrative becomes a lot more interesting. Looking at the chart we can see that we have 3 channels in play. We have the Purple channel which looks like we took bounce from pretty recently. We also have this have this blue channel which is the one we really want to watch since we'll found out very early in the trading week if it'll hold or break. We then have that red channel which is what we'll keep our eye on if this blue channel breaks. + +&#x200B; + +[EA 15-Min](https://preview.redd.it/03j0w2xzpqx51.png?width=1308&format=png&auto=webp&s=870d1708b85db861813bb0d9c416515cdd36f9f2) + +The thing currently holding me back from a sell is that Green trendline. Until I see a break of that I'm not going to feel good about selling. If it breaks after taking resistance at the blue channel then we got a pretty good 3RR trade setup there. If the Green trendline holds and the blue channel breaks then we're going to look for a break of the trendline by the top of the red channel which should be able give us a solid 5RR trade. + +**EURCAD:** + +[EC 4-Hour](https://preview.redd.it/z6pbs8tnrqx51.png?width=1299&format=png&auto=webp&s=395a8772e05988b487735ffb9a0d44a73a60b625) + +Looking at EC we can see that there are two channels in play here however both of them are trending downwards so that's a good indication that we're in a bearish phase right now. + +&#x200B; + +[EC 1-Hour](https://preview.redd.it/fktjq9m2sqx51.png?width=1299&format=png&auto=webp&s=3ff4508dfbc8374519416eccac29f5fede25dfde) + +Taking a closer look at EC we can see that we bounced off the Purple channel not too long ago and we're going to have to wait and see if the Green channel will act as resistance or if we'll head up to the top of the Purple Channel. + +&#x200B; + +[EC 15-Min](https://preview.redd.it/37kno5v6tqx51.png?width=1299&format=png&auto=webp&s=fff91ab0b70f482ae417c4fdd5892806404eeae7) + +In the short term it looks like we're trending upwards which can be seen by the Blue channel. I think we'll continue this upwards trend until we run into that Green or Purple channel. As a result I'm looking for a buy here based using a bounce off the bottom of the Blue channel. I think we can get a solid 3-4 RR trade here if we play our cards right. Be careful of your exit point here since if it bounces off the Green channel before hitting your TP then get out of the trade. + +These are just some trades I'm looking at for early next week I'm pretty sure the middle of next week will present a couple more trading opportunities so don't feel bad if you miss out on a trade. +1. Cut losses early +2. Move to breakeven +3. Partial close to cover +4. Let winners run + +IMO, this is trading, and ignorance of these principles will increase your risk and reduce your reward +I trade the US session, since the market closes at 4pm EST, I’ve found there’s a lot of volatility the last hour of the US session before it closes, which is 12-1pm for me since I’m on the west coast. + +I have started to notice that I have been doing really well that last hour and not as consistent trading other times. Do you guys trade one hour exclusively if that’s what works for you? I’m not sure if I should just disregard all the other times and just focus on that hour. Let me know what you think +Okay the pair is AUDJPY,in this example it's showing how it can help predict places where price may take support[https://www.tradingview.com/x/vhu3W3bW/](https://www.tradingview.com/x/vhu3W3bW/)as you can see in this example + +now for how i trade with them[https://www.tradingview.com/x/Ls3GCJJW/](https://www.tradingview.com/x/Ls3GCJJW/)as you can see price has rejected both the pitchforks and it is also a horizontal level of support + +[https://www.tradingview.com/x/zPvG2tT9/](https://www.tradingview.com/x/zPvG2tT9/)price then rejected the top of both the pitchforks again + +[https://www.tradingview.com/x/Mq8t1pYW/](https://www.tradingview.com/x/Mq8t1pYW/) now this is actually a trade i took as before this i wasn't really trading with pitchforks and this pair wasn't in my watchlist i think + +this was also a horizontal level and a few more confluences + +Hope this helped a little,you guys can check on your own and combined with other stuff it's quite powerfulas to how to draw them you can search for that online + +ps if someone has any doubts or questions,or would like to point out any mistakes etc,pls feel free to comment or pm me +As the title says I am in my late twenties and building a business. My parents are in their late 60s and early 70s. One is already retired and the other is going to potentially retire this year. I am very nervous as my siblings are older (late 30s and mid 40s) and I am not as financially stable as they are. They want to buy their home and split it three ways, but I do not have anywhere near the amount of money that they do. I barely have 10k saved in my savings and earn less than 1800 a month after taxes. + +My siblings and I are about to have a conversation about how we handle their retirement and take on the financial burden (I only use this term because I have no other way of saying it, I love my parents and they have given me more in life than I can ever imagine) of being their sole resource of money along with their social security. + +I have prospects to one day buy a home in 15 years but if I use most of my small income to supplementing this I'll barely have any for myself to survive off of day to day. + +I want to be a part of this and help my aging folks as they are immigrants from another country and only worked in blue collar laborious jobs. But if I don't help myself I'm afraid that I won't have a financially stable enough future for myself. + +Does anyone have advice on how to prepare for this and experiences of this kind that can lend some sound advice? Thank you! + +Edit: some additions from replies, to shed more light to the situation. + +Well here is the other layer. I currently live with my parents. It's the same house I've lived in since I was born. They have allowed me to stay with them while I get my finances saved up to buy a future home. I'm happy to take over the basic upkeep if they do retire. But my parents has expressed that they want my oldest sibling and myself to inherit their house, as the middle has already been given the other home. But with the added investment my oldest sibling is doing to my parents current home that also propositions them to have more ownership of the house. Does this make sense? It's a really weird situation. + +My oldest sibling's idea is to purchase the house that my parents purchased. They get to continue living in the home for as long as they live and we take over the house financially 100%. My parent's house is paid completely, therefore there is no mortgage. + +The money will be for them to do whatever they wish with it. + +As for as future holdings on the house I have no idea. + + Another layer to this is is that my oldest siblings sold their home and downsized to a separate living situation while they add an additional floor to our parents house for them to live in. But that displaces my parents for a half year minimum, myself, and my parent who is still working (she is a host home care provider) means that she would lose her job which she still wants to do. + +As for why my income is so low, I'm 3 years in of growing my own business which sprang up in the beginning of the pandemic. I lost my job due to covid and it was an opportunity for me to grow financially for the future. My parents have been 100% supportive of me in this endeavor and if it weren't for them I wouldn't have been able to invest in my business. + +Wow I've been kept up all night with so much anxiety over this whole situation and I deeply appreciate everyone's input and different perspectives! I'm reading through everything as best as I can! +My 75 YO dad just now made a will and he’s going to give my sister and my mom all his assets. My mom will get 2/3 and my sister will get 1/3. + +I’m married right now and frankly not sure where this marriage will go. My wife and I can split up, and my dad was made aware of this. Because of the potential of my wife and I divorcing, he doesn’t want to leave me any money because my wife may part with this inheritance. + +Is there a way that my dad can leave me money without my wife taking it from me in case we have a divorce? +Lately I have been on a major ETH kick, throwing huge amounts on money at the coin convinced it cannot fail. I am hoping one of you have some logical reason and insight that might rebalance my expectations about ETH and bring my frame of thinking back down to earth, or if not solidify my current state of mind that ETH is the future of crypto currency and offers more value to the world than BTC or other alt coins. + +Superiority over alt coins: + +1. ETH being one of the top crypto currencies in the world makes it an easy choice when considering any digital asset; it has proven its legitimacy and built a thick layer of confidence over the years that will be hard to break in to the future. + +2. Smart contracts look to change the landscape of financial markets, or really any area today where money or consensus is exchanged between two parties regardless of application. This one is huge I cannot stress enough how valuable smart contracts are to the future of the world. + +3. Though other coins have hit the stage offering smart contract functionality, and even offering higher throughput when compared to ETH, the prospect of consensus layer (ETH 2.0) which claims to offer 100,000 transaction per second (Google suggest that Visa can handle 24,000 transaction per second?). This enormous increase in transaction processing would put ETH in the number 1 seat for throughput and scalability. Unlocking the endless potential for smart contracts and transactions in general. + +4. Reliability is a big factor for me, despite some of these really interesting new coins that offer a comparable network all seems to have a struggle adjusting to their popularity and in a pretty bad way. ETH though not susceptible to similar experiences has already had its share of discovery and has perhaps matured to a more reliable and dependable network. + +5. The ETH development team is perhaps one of the most respected and trusted block chain development teams in the world. Over the years this team has garnered a huge amount of respect in the crypto community. This makes me feel that I am in pretty good hands and that is worth something. + +Superiority over BTC: + +Despite BTC being the big dog on the block and accepted by most as the gold standard of crypto, I see many reasons why ETH is a far better option. + +6. True Value - BTC fights a lot of battles in regards to its true value, many will argue that BTC has no real value and offers nothing but a collective agreement that it is valuable (I don’t agree with this btw), you know like gold or diamonds, things we have all agreed are valuable.... However stupid this argument is there is some truth in the logic, as gold can still be used in maybe industrial applications resulting in value outside of just backing a currency (which it doesn’t even do anymore in some cases). This argument against BTC true value cannot be applied to ETH as in addition to being an asset it also offers utility, if we all agree ETH was useless as an asset what we could not deny is the its usefulness as a utility due to smart contract functionality. + +7. We know who created ETH. Early on and perhaps still today people find comfort in the fact that BTCs creator is anonymous (or dead, or maybe not anonymous? who knows?) this seemed pretty cool in 2017 when the world started to find real interest in block chain and decentralization. However I feel as time has passed this has become a hindrance for BTC, if the last couple years have taught us anything it’s that crypto currency needs flexibility to become truly useful and to be applied in any mainstream setting. It is my personal opinion that knowing a dedicated development team backs a product and is pushing to improve it leave me with this a sense that BTC will become the Commodore 64 of the crypto world in the next 10 years with no true direction or guidance. ETH will become the Xbox, or PlayStation. + +8. Out of reach, growth potential - Many claim BTC is going to between $100,000 and $500,000 in the next X number of years; though this may be true normal people cannot acquire enough BTC to allow them to buy that Lambo. ETH however is still only 3k at time of writing this, which gives us little guys a fighting chance of getting in early (or sooner). Imagine ETH is realized to its full potential with Defi, NFTs, governance, or any other future application and it can also transact 100k transactions per second. What’s not to say ETH will be worth 40,000 or even 100,000 in future? In this regard ETH could much more easily double, triple, quadruple, rinse and repeat. currently the total supply is of ETH is in the 120 million range and BTC is 21 million, today if you reduced the supply of ETH to match that of BTC each ETH would be 15k, still far below the value of where BTC sits, this is insane, how ETH is currently 3 times less valuable than BTC while offering so much more?! + +As a software engineer with a solid understanding of crypto, block chain, and smart contracts it feels impossible for me to accept that ETHs true value has been recognized and I know that its full potential far exceeds that’s of BTC or any crypto currency to date. I know with depth how a lot of applications work, I think this makes it a bit easier for me to see how ETH could be used is an endless amount of ways to benefit nearly all industries. My go to example is my interpretation of DeFi as a trustless financial Internet thinks of the opportunities this presents to developers, businesses, entrepreneurs, or any of us as individuals. Block chain will allow the collective voice of the world to be heard without a filter and transact with freedom so we can create the world we truly desire. + +If you made it this far I’d love to hear your thoughts as to why any logic I have outlined above is either flat out wrong, misunderstood, or irrelevant to the success of ETH. +if many of us panic and start selling, the price goes down and they will make a huge profit and they will therefore win. So don't panic, don't sell, and let's make these wallstreet people lose their money for betting against bitcoin. +My father has a day or two at best left in the hospital ICU. I’m his only son and sole immediate survivor. He has a will leaving all assets to me and absolutely no mortgage / debt other than normal bills to maintain the house that I plan to keep. I’m authorized on his main checking and saving accounts and have been for some time... so no problems there... but he does have a modest 401k and owns stock through his former employer that both total around $200k. I don’t need to touch those at this time... but I’m guessing they’ll need informed and transferred in my name at some point? + +Needless to say... I’m new to this. About all I know right now is I’ll need numerous copies of the death certificate... but are there folks who specialize in sorting this process out that I can seek... or is it best to just work it all out on my own since his affairs are fairly basic? + +Also... our copy of his will is in my safe deposit box that I haven’t touched in years... and unfortunately can’t find the keys to. It was drawn up by an attorney over 20 years ago. Should I try to get our copy... or is it on legal record somewhere? + +Thanks very much for the help! +So earlier this week I had an "aha!" moment thanks to a user who posted in the weekly "Help Me Fire!" thread. The user identified their ideal net worth for their ideal retirement age with an emphasis on the projected ***contributions*** over the coming years to reach that goal. They projected their annual contributions towards their investments which prompted me to do the same. + +Ever since I started FIRE a few years ago, I never tracked my annual contributions -- I just made sure I was saving one paycheck per month and contributed to my retirement accounts and just watched my net worth grow. I never actually knew ***how*** much I was actually contributing across everything. + +A couple of days ago, for the first time ever, I projected my annual contributions, over the coming years, towards my investments (retirement + non-retirement) and it blew my mind how much I'd be able to contribute on an annual basis by the time I reach 30 (assuming everything goes business as usual). It then hit me that regularly tracking my projected annual contributions vs. my net worth is less anxiety-driving because of ***control***. I can't control what happens with the markets or if we reach new highs by a certain date or if I hit a specific NW by a specific age. For example, if I'm on track to reach $300k NW by 30 and then when I'm 29 a recession hits, I clearly won't be reaching that milestone. However, that's outside of my control -- I just know that, in the end, everything will work itself out and there will be gains on my investments. However, what I **CAN** control is how much I contribute to my investments and making sure I'm really optimizing every channel -- both retirement and non-retirement. + +This is definitely not something that is groundbreaking or revolutionary, but as someone who was compulsively logging into my investment accounts multiple times per week to view my net worth - and never tracked how much I was actually contributing - now reorienting my mind to focus on optimizing contributions vs. checking my net worth every day like a mad man is immensely more invigorating and brings stronger peace of mind. + +I do plan to check my NW perhaps a handful of times per year, particularly around the time of the year when I need to reset automatic investments or set up ad hoc contributions (e.g. bonus payouts). +Ok... time to get serious. + +Who's getting heavy into Short Positions besides Citadel? + +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +&#x200B; + +WHO'S ALL IN? + +**RC Ventures LLC** \- Good to know the boss is all in! - 9,001,000 Shares - Valued at $159 mil 12.87% Ownership + +**Hestia Capital Partners LP** \- This is an interesting little company. 4,726,606 Shares - Valued $89 million - 6.75% ownership + +Founded and run by Kurt Wolf, who was a previous Gamestop Board Member. + +His Focus on Deep Value Investing: + +The firm focuses on identifying misunderstood companies that are typically generating significant free cash flow. Through intense research, focused on understanding the competitive dynamics of the industry and their impact on the company’s prospects, we believe we are able to successfully pick those companies which are simply misunderstood versus truly broken. + +Love it! + +\------------------------------------------------------------------------------------------------------------------------------------- + +We already spoke about the **Sessa YOLO**, but not to worry... we'll circle back on these puppets. + +\------------------------------------------------------------------------------------------------------------------------------------- + +Another big mover... + +**Prelude Capital Management** 1.2 million shares of GME PUTS valued at $242 million representing 6% of their portfolio and their 3rd largest position. + +**Co-Founded by** [**Gavin Saitowitz**](https://www.linkedin.com/in/gavin-saitowitz-298289/) **and** [**Cisco Del Valle**](https://www.linkedin.com/in/ciscojdelvalle/) + +&#x200B; + +[Gavin](https://preview.redd.it/9dya73jada571.png?width=200&format=png&auto=webp&s=afc114419970fc96f18d14900e095f46111c30fc) + +&#x200B; + +[Cisco](https://preview.redd.it/i7la1cicda571.png?width=200&format=png&auto=webp&s=faabce23b7ab45c2b6361d139d82925ec88be7ea) + +So these guys have owned GME previously, but since their last 13F, have increased that position by 1,264,700 shares of PUTS. + +Meaning... that's more than a 10,000% increase in their position. + +Remember my first DD that started me down this rabbit hole? + +[(Check it out here if not)](https://www.reddit.com/r/Superstonk/comments/nyt6l8/wrinkle_brains_needed_citadel_loading_up_on_high/) + +But that was focused on the junk bonds and particularly $HYG + +Well give a guess who else is HEAVY on $HYG PUTS? + +Yup... Our boys at Prelude. + +Reference: [https://whalewisdom.com/filer/springbok-capital-management-llc#tabholdings\_tab\_link](https://whalewisdom.com/filer/springbok-capital-management-llc#tabholdings_tab_link) + +They own 531,000 shares of PUTS in this junk bond worth $46 million and making up 1.19% of their portfolio after increasing their position by 151%. + +ADDITIONALLY... + +They own 450,865 shares of the stock itself. + +Now you may think this is just a hedge, but they added 419,906 of these shares since their last filing. (An increase of 1,356%) + +So what's interesting about this??? + +Well the top position in these guys portfolio is SPY (PUTS) - 863,100 shares valued at $342,072,000 + +And... in at 7th position they have QQQ (PUT) at 173,100 shares valued at $55.5 million + +So they're betting that the market is going to crash and they are jumping into GME and HYG Puts. + +(Funnily enough, Citdel's largest position is also SPY (PUTS) at 6.2% of their portfolio with 63.8million shares valued at $25 Billion) + +Both Companies have hedged against this, but both companies are betting the market is going down and are jumping to bonds. + +So we all know Citadel's relationship with GME, but why if this company knows EVERYTHING that Citadel seems to know, would they increase their PUTS on GME by 10,000%? UNLESS... they are helping? + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +And this HYG seems to be the lifeboat Apes. Look at the increase of the BIG BOYS jumping on HYG PUTS: + +&#x200B; + +[\(See Taconic in there right at the end too?\)](https://preview.redd.it/qwsqqd21ga571.png?width=1721&format=png&auto=webp&s=5e00c355a48f96e2c6ef4ae1e8f16779b3686926) + +Jane Street has HYG in their top 10 after increasing the PUTS by 150%! + +(Interestingly Jane Street are decreasing their SPY PUTS and Increasing their SPY CALLS) + +\- But lets get back on topic. + +\------------------------------------------------------------------------------------------------------------------------------- + +Who else is jumping on the HYG Bandwagon? + +How about **Ares Management**? A Brand New Position with 2 million shares valued at $174 million and their 4th largest position? + +Ref: [https://whalewisdom.com/filer/ares-management-llc#tabholdings\_tab\_link](https://whalewisdom.com/filer/ares-management-llc#tabholdings_tab_link) + +How about **Jefferies Group**? 1,342,700 HYG (PUTS) valued at $117 million and their 13th largest position. (They also have their top position in SPY(PUTS) - 2,435,608 million shares valued at $965 million. And QQQ(PUT) at 2.3 million shares valued at $759 million. + +Ref: [https://whalewisdom.com/filer/jefferies-group-inc-de#tabholdings\_tab\_link](https://whalewisdom.com/filer/jefferies-group-inc-de#tabholdings_tab_link) + +How about **GoldenTree Assets**? Buying the underlying stock this time, and actually decreasing it's position but still at 1,150,000 shares valued at $100 million and their 6th largest position. (You may remember these guys from Billionaires Boys Club Part 2, who also have a large PUT position in AMC) + +Ref: [https://whalewisdom.com/filer/goldentree-asset-management-lp#tabholdings\_tab\_link](https://whalewisdom.com/filer/goldentree-asset-management-lp#tabholdings_tab_link) + +How about **Blackstone Group**? Brand new position opened up (Late to the party) HYG (PUT) 100,000 shares at $8.7 million value. These guys also have SPY (PUT) at 9,084,800 valued at $3.8 Billion as their 4th largest position. +QQQ Puts at $2.1 Billion at 5th position + +Ref: [https://whalewisdom.com/filer/blackstone-group-l-p#tabholdings\_tab\_link](https://whalewisdom.com/filer/blackstone-group-l-p#tabholdings_tab_link) + +All of these companies seem to be making SIMILAR moves. Not identical by any means, and I'm sure there are lots of differences. + +But the moves also similar to Citadels Moves. + +I mean FFS... They are ALL saying the market is about to CRASH! Including Citadel! + +&#x200B; + +And are we **READY FOR THE BOMB DROP?** + +What do all of these companies have in Common? + +They are ALL run by Drexel Burnham Lambert Alumni!! + +Yup... He's at the center of it again! + +Reference: [https://www.cnbc.com/2015/02/13/where-are-they-now-the-drexel-alumni-25-years-later.html](https://www.cnbc.com/2015/02/13/where-are-they-now-the-drexel-alumni-25-years-later.html) + +&#x200B; + +https://preview.redd.it/hmu5jjnhta571.png?width=1080&format=png&auto=webp&s=e0ca2e7d8d5dc97dd4a4e12758ad79725a67f065 + +I'm not done yet... Just done for today + +BBC Volume 4 will be out tomorrow if you guys are still interested in this shit? + +&#x200B; + +BIG FUCKING EDIT: The Source Date for RC Ventures is Jan 10th and Hestia Capital for 12th June 2020. **ALL OTHER MARKET VALUES ARE AS OF 31ST MARCH**... + +&#x200B; + +Part 4: [https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire\_boys\_club\_bbc\_part\_4\_recess\_is\_over/](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) +The town is around 5,200 population. It has declined slightly in the past 10 years. There are 2 properties that are selling right next to each other that are duplexes. When looking at small towns, what should I be looking at? +The town is around 5,200 population. It has declined slightly in the past 10 years. There are 2 properties that are selling right next to each other that are duplexes. When looking at small towns, what should I be looking at? +As the title suggests I'd like to tell the landlord that I'd consider buying this property off him if he ever wants to sell it, although I'm not in a hurry. + +At the end of last year I emailed our agent saying this and within 12 minutes she replied saying the landlord isn't interested (sounds legit). This agency does leasing and renting exclusively, so if we were to buy it that's a lost customer for them. + +All we have is a name which doesn't come up in any google / facebook / linkedin / whatever searches. Apparently it's a super old guy, who I figure it sounds like will probably die before he sells, but it can't hurt to ask anyway. I just dunno how to contact him. + +Is there some public database we can look up? Some government record or something? +Obligatory: This post should not be confused with financial advice. I am not a financial advisor. In fact, I have been witnessed sliding a crayon in one ear and pulling it smooth out the other side. + +**TL;dr** My prior [post](https://www.reddit.com/r/Superstonk/comments/oiwpxj/covid19_the_cares_act_and_undeniable_greed_the/?utm_source=share&utm_medium=web2x&context=3), went into great lengths as to why I believe the GME short hedge funds applied for, and knew, "forgiveable" Paycheck Protection Plan $'s were coming so they tried to kill our beloved company with aggressive shorting action from the day the CARES Act was signed into law (3/27/20) to 4/3/20 as the price action over those 6 days saw GME hit it's lowest share price ever. Below is a link to an excel spreadsheet containing **the list of the 31 firms with GME positions, as of the 13F filings for Q2-2020 positions, who received a total of $24.37 Million in PPP funding when short interest was reported at roughly 255% of the float** (all tradeable shares). + +This excel list of companies also contains the "Industries" (like the Industry of "Investment Advice") these entities claimed to operate under in order to apply for the loans, and the total $ amount given to the **industries** listed by the GME shareholders is a staggering **$15+ BILLION dollars** (the Industry lists are for all companies within those specific industry codes, some of which do not invest in the market). So, if you're wondering why the market in no way correlates with actual economic conditions... $15,000,000,000.00 might have a little something to do with it (along with other tax breaks I'm not getting into in this post). + +https://preview.redd.it/g3v7mc26w6g71.jpg?width=850&format=pjpg&auto=webp&s=17a21007ebdb8b3f46c40ed72d108d89cc43862a + +Here's a brief TL;dr on the original CARES Act post, (you can skip to the next header if you read the prior post): + +On March 27th, 2020 the following was signed into law: “The Coronavirus Aid, Relief, and Economic Security (CARES) Act (2020)… \[which\] provided fast and direct economic assistance for American workers, families, small businesses, and industries”. [CARES ACT](https://home.treasury.gov/policy-issues/coronavirus/about-the-cares-act) + +Oddly, the day this bill was signed into law, GME share price began to absolutely tumble. My argument is that SHF's abused the system to get these "forgiveable loans" for themselves and used the money or the anticipation of that money to aggressively short GME into a 6 foot ditch, because from 3/27/2020 - 4/3/2020, GME fell off a cliff and hit it's lowest ever share price of $2.80 before beginning it's climb out of the shadows. + +[investing.com](https://preview.redd.it/hfoek8igs1g71.jpg?width=660&format=pjpg&auto=webp&s=d35e3621eb900a31c49d3e980395cb0f1c5c3db7) + +You also may be surprised to hear that the movie stock and the blackest of berries experienced similar dips while most other companies stayed relatively flat or dropped slightly during this 6 day period: + +[investing.com](https://preview.redd.it/0cynr7g4u1g71.jpg?width=332&format=pjpg&auto=webp&s=d9a3417d15dc10c45a397eb98fffaedb18f26da1) + +Summarizing from Charlie (I fucking hate retail) Gasparino's Article: [Stimulus Intended to Help Coronavirus-Ravaged Small Businesses Instead Rewarding Hedge Funds, Brokerages](https://www.foxbusiness.com/money/stimulus-intended-to-help-coronavirus-ravaged-small-businesses-instead-rewarding-hedge-funds-brokerages) + +Hedge funds and brokerage firms were lining up at the banks to to be the first to receive, up to $10 million in "forgiveable" PPP funds ahead of "barely solvent mom and pop shops". Since the bankers had close relationships with the hedge funds/brokerages, they were the first to receive the loans and were in effect, "***taking money that should be earmarked for businesses that can barely survive in a time of social distancing and quarantines."*** + +***“What's going to happen is a class divide we haven't seen in years," the banker told FOX Business. "Remember Occupy Wall Street?" he asked, referring to the sometimes violent protest movement after the 2008 financial collapse and bank bailouts. "These protests will be bigger and more violent because the economic problems are worse and the disparity of the money is favoring Wall Street even more.””*** + +Supporting link from a Marketwatch Article: [It’s a complete abomination" says Wall Street money manager about hedge funds applying for bailouts from small-business recovery funds](https://www.marketwatch.com/story/its-a-complete-abomination-says-wall-street-money-manager-about-hedge-funds-applying-for-bailouts-from-small-business-recovery-funds-2020-04-14) + +# SBA Releases PPP Loan Data + +Since the Small Business Administration (SBA) was so gracious as to FINALLY release all of the PPP loan data from The Cares Act in response to the COVID-19 pandemic I have gone ahead and compiled all of the data to support my claim that GME short hedge funds used the 2020 Cares ACT - Paycheck Protection Plan (PPP) to aggresively short GME (and other meme stocks) into the ground from March 27th, 2020 through April 3rd, 2020. [SBA: PPP Loan Data](https://www.federalpay.org/paycheck-protection-program) Most loans were approved in early - mid April, meaning they were applied for earlier (most likely in the 3/27 - 4/3 window). + +As a reminder, the money designed to save businesses was most likely being used to try to kill companies, and frankly, this pisses me off, and is why I went through the trouble of putting this all together. However, I am not advocating for violence or any similar action. We're better than that. I'm advocating for buying and holding the stock of a company I believe in, strongly. + +Unsurprisingly, several firms seemed to have filled out their applications in a way that conceals their identity by slightly modifying their business name in their application for the loan, or the loan was applied through one of the firm's affiliated company names. I found the best way to search through the loan data was to search for the least common word in the company's name, like "Apollo" or "Seacrest" then sifting through the manure from there, and boy, is it stinky. There were also at least 7 firms where I threw the loan data out because even though the PPP loan information was a close match to their company name/company information, I couldn't find an exact match through [FINRA's Brokerage Check](https://brokercheck.finra.org/) or any other search method, and I want to list firms I could prove received funding. Without further ado, here are the 31 firms with GME holdings that received funding from the PPP loans in early April to May. + +[GME Shareholder PPP Loan Data & Industry Stats](https://docs.google.com/spreadsheets/d/1hqbNhqciSlD9S5j063xgFwRJr-DBiViFcEhoGvGVVsc/edit?usp=sharing) (Excel Spreadsheet) + +And, here's pictures for those that don't want to open the spreadsheet: + +[PPP Loan Data for GME Shareholders](https://preview.redd.it/6iujze9pl6g71.jpg?width=1326&format=pjpg&auto=webp&s=642bed90a28ee2c7d60710f61365f65bb44fca13) + +[PPP Loan Data & Industry Statistics](https://preview.redd.it/djkouc8tl6g71.jpg?width=1325&format=pjpg&auto=webp&s=92b21da964c1ce88ddbc19cd414ba0d4f589e579) + +As you can see, with a SI% of roughly 255% of the float, 31 companies invested in GME received **$24.37 MILLION**. At that time, with share prices under $5, these institutions could have borrowed more than an additional 5 million shares to short, in an attempt to kill GME, AND the price action after the CARES Act was signed indicates that is exactly what they tried to do. + +What I find even more disgusting though, is that these 31 companies listed 9 different "Industries" that they fell under, and these industries represented **$15.08 BILLION of PPP Loans** distributed. I feel the American people would have much rather seen that funding used to support small businesses and struggling individuals versus the market. Why did they receive this funding when I watched my friend's and neighbor's businesses shutter their doors because they weren't eligible or didn't receive enough funding to stay open? I can't answer that question, but I'd sure be interested to hear from the people who allowed this to happen. Alls I can say is, fuck you, pay me! + +That's all folks. + +As always, tanks fo' weedin'. +When it comes to credit spreads I try to cut losses at 20% but I am undecided whether to take profit at 50% or max profit 100%. Basically, I am not clear yet on the exit strategy. Thoughts on this? I'm new to this and would appreciate the insight from experienced theta gangsters. I wonder if anyone backtested this yet. +[https://on.ft.com/3gUWUIZ](https://on.ft.com/3gUWUIZ) + + +&#x200B; + +SoftBank is the “Nasdaq whale” that has bought billions of dollars’ worth of US equity derivatives in a move that stoked the fevered rally in big tech stocks before a sharp pullback on Thursday, according to people familiar with the matter. + +The Japanese conglomerate has been snapping up options in tech stocks during the past month in huge amounts, contributing to the largest trading volumes in contracts linked to individual companies in at least 10 years, these people said. One banker described it as a “dangerous” bet. + +The aggressive move into the options market marks a new chapter for the investment powerhouse, which in recent years has made huge bets on privately held technology start-ups through its $100bn Vision Fund. After the coronavirus market tumult hit those bets hard, the company established an asset management unit for public investments using capital contributed by its founder Masayoshi Son. + +Now it has also made a splash in trading derivatives linked to some of those new investments, which has shocked market veterans. “These are some of the biggest trades I’ve seen in 20 years of doing this,” said one derivatives-focused US hedge fund manager. “The flow is huge.” + +The surge in purchases of call options — derivatives that give the user the right to buy a stock at a pre-agreed price — has been the talk of Wall Street in recent weeks, as the sheer size of the trades appears to have exacerbated a “melt-up” in many big technology stocks over the summer. Shares in Tesla soared 26 per cent in under a week to September 1, while Amazon and Google parent Alphabet gained about 9 per cent. + +One person familiar with SoftBank’s trades said it was “gobbling up” options on a scale that was even making some people within the organisation nervous. “People are caught with their pants down, massively short. This can continue. The whale is still hungry.” + +The options boom means that the US stock market remains vulnerable to further bursts of volatility, according to Charlie McElligott, a strategist at Nomura. “The street is still very much in a dangerous space, and that flow is still out there,” he said in a note on Friday, adding that this leaves the market open to swings higher or lower. + +The overall nominal value of calls traded on individual US stocks has averaged $335bn a day over the past two weeks, according to Goldman Sachs. That is more than triple the rolling average in 2017 to 2019. The retail trading boom has played a big part of the frenzy, but investors say the size of many recent option purchases are far too big to be retail-driven. +**TL;Dr**: If you don't already have it, get an MFUtility account. Would help massively with redemptions. + +--- + +Most of you here have heard of, or even used MFUtility. + +In the age of Kuvera-Groww-PayTM Money; MFUtility isn't something most retail investor would use as their first choice. And I'd be the first person to say they've a horribly outdated UX (not talking about just the UI - the whole thing from user's perspective). + +But, even if it's not easy to get an MFUtility account, there are certain stuff that MFUtility offers, that'd make all that worth it. + +Investing in MFs, via SIP or lumpsum or STP, can be done through lot of portals. + +However, eventually you'd need to or have to withdraw money from your investments. This is where MFUtility's consistency and offerings shine over its competitors. + +Over the years, you would open new bank accounts, and gradually retire the old ones. As and when you do, you'd invest through your newer bank accounts, and eventually they'd get linked to your folios with AMCs. + +But when you redeem, your redemption proceeds would go to the primary bank account linked to your folio. Some AMC websites provide the option to redeem into a bank of your choice, out of the ones listed, but most of these don't. + +On the other hand, MFUtility redemption screen lets you select "Payout Details", and you can select a bank account of your choice. + +**If the bank account is linked to your MFUtility account, even if you've never invested through this account, money would be credited to this account.** + +--- + +I'd tested this out, like this. + +- Invest 100 INR in ICICI Liquid fund, in a new folio, through Kuvera (I'm going out of my way to not invest through MFUtility). + + Primary Bank account linked to Kuvera account (would work on any platform, not specific to Kuvera), is an SBI account. + +- Get the newly created folio mapped to MFUtility CAN (common account number), after folio is created. This takes 1 business day. + +- Place a redemption order, selecting payout details to be a different bank. In this case, I had an ICICI account linked in MFUtility account, which was NOT linked in Kuvera account. + +I was surprised to find that the 100 INR came back to ICICI account via NEFT, and didn't go to SBI account. + +[Here's a screenshot from the account statement sent by AMC post-redemption](https://imgur.com/oYdyCL9). + +Notice how the last two line-item entries mention change of bank mandate by MFUtility, to direct redemption proceeds to an account not in folio. And the whole thing (purchase-folio mapping to MFUtility-redemption) took 1 working day. + +There was no extra delay or waiting period or cooling-off period, to enable change of bank in folio. It was processed along with redemption order, and [money was received in ICICI account the next day](https://imgur.com/auN8HOg) + +--- + +It's valid to ask how secure this is, if this can be easily abused. Imagine if someone was able to overwrite bank details in your MFUtility account, and place a redemption order in your folio, that'd be scary stuff. + +So, I decided to try this out as well. What if I give a random cancelled cheque to update a bank account in my MFUtility account? Would MFUtility add that bank account to my CAN? + +[Turns out, they do have reasonably good human verification of bank proofs submitted](https://imgur.com/vPRr18l). + +And yes, for all such requests (redemptions or bank update in CAN), MFUtility would send you SMS / Email etc. If it's in Joint mode, then both holders are notified. +https://www.livemint.com/money/personal-finance/where-has-all-the-money-gone-from-the-system-11575966965857.html + +The author suggests that linking PAN with transactions has lead to money being dried up. What could be other reasons behind it? +So I received an email from Kuvera with subject: ALERT: SIP(s) reversed | Funds Transfer Failure + +It says + +=============== +The following SIP installments have reversed this month due to non-receipt of funds. + +Bank: XXXXXXXXX + +SIP: XXXXXX + +Reason for Failure and Next Steps: + +The most common reasons for SIP failure and their resolution are: + +- Technical error at your bank or payment gateway. If funds have been deducted, please share a screenshot of your bank statement and we will follow up for a refund. +- Inadequate funds at the time of SIP deduction. Please place a lumpsum order in lieu of the failed SIP installment. +- AutoPay not enabled for this SIP. +(end of mail) + +========================= + +I got in touch with Kuvera and they say that The funds are not the issue. The orders were reversed due to issue with Billdesk and that BSE will re-process the order in 1-2 business days. Once the deduction takes place from bank account the order should get processed and you shall receive the allotment as per the timeline. + +Has anyone faced this kind of issue earlier? +So I received an email from Kuvera with subject: ALERT: SIP(s) reversed | Funds Transfer Failure + +It says + +=============== +The following SIP installments have reversed this month due to non-receipt of funds. + +Bank: XXXXXXXXX + +SIP: XXXXXX + +Reason for Failure and Next Steps: + +The most common reasons for SIP failure and their resolution are: + +- Technical error at your bank or payment gateway. If funds have been deducted, please share a screenshot of your bank statement and we will follow up for a refund. +- Inadequate funds at the time of SIP deduction. Please place a lumpsum order in lieu of the failed SIP installment. +- AutoPay not enabled for this SIP. +(end of mail) + +========================= + +I got in touch with Kuvera and they say that The funds are not the issue. The orders were reversed due to issue with Billdesk and that BSE will re-process the order in 1-2 business days. Once the deduction takes place from bank account the order should get processed and you shall receive the allotment as per the timeline. + +Has anyone faced this kind of issue earlier? +**TL;Dr**: If you don't already have it, get an MFUtility account. Would help massively with redemptions. + +--- + +Most of you here have heard of, or even used MFUtility. + +In the age of Kuvera-Groww-PayTM Money; MFUtility isn't something most retail investor would use as their first choice. And I'd be the first person to say they've a horribly outdated UX (not talking about just the UI - the whole thing from user's perspective). + +But, even if it's not easy to get an MFUtility account, there are certain stuff that MFUtility offers, that'd make all that worth it. + +Investing in MFs, via SIP or lumpsum or STP, can be done through lot of portals. + +However, eventually you'd need to or have to withdraw money from your investments. This is where MFUtility's consistency and offerings shine over its competitors. + +Over the years, you would open new bank accounts, and gradually retire the old ones. As and when you do, you'd invest through your newer bank accounts, and eventually they'd get linked to your folios with AMCs. + +But when you redeem, your redemption proceeds would go to the primary bank account linked to your folio. Some AMC websites provide the option to redeem into a bank of your choice, out of the ones listed, but most of these don't. + +On the other hand, MFUtility redemption screen lets you select "Payout Details", and you can select a bank account of your choice. + +**If the bank account is linked to your MFUtility account, even if you've never invested through this account, money would be credited to this account.** + +--- + +I'd tested this out, like this. + +- Invest 100 INR in ICICI Liquid fund, in a new folio, through Kuvera (I'm going out of my way to not invest through MFUtility). + + Primary Bank account linked to Kuvera account (would work on any platform, not specific to Kuvera), is an SBI account. + +- Get the newly created folio mapped to MFUtility CAN (common account number), after folio is created. This takes 1 business day. + +- Place a redemption order, selecting payout details to be a different bank. In this case, I had an ICICI account linked in MFUtility account, which was NOT linked in Kuvera account. + +I was surprised to find that the 100 INR came back to ICICI account via NEFT, and didn't go to SBI account. + +[Here's a screenshot from the account statement sent by AMC post-redemption](https://imgur.com/oYdyCL9). + +Notice how the last two line-item entries mention change of bank mandate by MFUtility, to direct redemption proceeds to an account not in folio. And the whole thing (purchase-folio mapping to MFUtility-redemption) took 1 working day. + +There was no extra delay or waiting period or cooling-off period, to enable change of bank in folio. It was processed along with redemption order, and [money was received in ICICI account the next day](https://imgur.com/auN8HOg) + +--- + +It's valid to ask how secure this is, if this can be easily abused. Imagine if someone was able to overwrite bank details in your MFUtility account, and place a redemption order in your folio, that'd be scary stuff. + +So, I decided to try this out as well. What if I give a random cancelled cheque to update a bank account in my MFUtility account? Would MFUtility add that bank account to my CAN? + +[Turns out, they do have reasonably good human verification of bank proofs submitted](https://imgur.com/vPRr18l). + +And yes, for all such requests (redemptions or bank update in CAN), MFUtility would send you SMS / Email etc. If it's in Joint mode, then both holders are notified. +>In what could come in as a big relief for capital market players, the task force on direct tax code that submitted its report to Finance Minister Nirmala Sitharaman last week has recommended abolishing the dividend distribution tax while retaining the Long Term Capital Gains Tax and Securities Transaction Tax, a source in the know of the development told ET Now. The panel has also suggested reworking the personal income tax rates in a bid to make india a more tax compliant. +> +>Moreover the panel has also suggested game-changing ideas for rationalising the personal income tax slabs. Sources said the panel has recommended three tax brackets of 5 per cent, 10 per cent and 20 per cent against the prevailing structure of 5 per cent, 20 per cent and 30 per cent. +> +>“There could be a temporary blip due to revision of tax slabs. The government will have to take a view on it. It will impact the government coffers for 2-3 years but ease in filing, simplicity in taxation, removal of ambiguous language, minimizing exemptions and a mediation panel for dispute resolution will help in boosting tax compliance”, the source added. + +[*Economic Times*](https://economictimes.indiatimes.com/markets/stocks/news/dtc-panel-for-highest-i-t-slab-at-20-seeks-removal-of-ddt/articleshow/70855997.cms) +Lots of posts here and other financial subreddits about getting out of the daily grind, gaining control, hating work, etc. as reasons to pursue FI, and NONE of those reasons are bad. But, I wanted to give a different reason (or maybe it fits into one of the above "categories")...TIME. Not only from the perspective of achieving FI to have control over your time, but also thinking about how to enjoy the pathway to FI more as that TIME is also just as important. The constants are that time marches forward, it is finite, and we never know how much we have. + +My grandfather died when I was very young (I am now 30). He was diagnosed with Parkinson's disease and due to instability on his feet fell down a flight of stairs causing his death. I have brief moments of things I remember, such as how red his face got when he laughed and the sound of his laugh, but otherwise everything is just stories and pictures. + +Today I learned that my father has now been diagnosed with Parkinson's disease. It's super early stage, but one of the frustrating things about Parkinson's is that you never know how quickly it will progress. There are medications that can help control symptoms, but they don't change how the disease progresses. So, essentially we have no idea what the next 10 years and beyond will look like. For me, I am blessed to be in a great place financially and with an excellent job that provides both a quality income plus flexibility. Therefore, I plan to visit my parents as often as possible. My family and I see them multiple times every year anyway, but this diagnosis put things into perspective and we will try even harder. The same for my wife's family. I read something earlier this week here on Reddit about how often you will see your aging parents. Assuming their 70 and live until 90, it may only be 40 times as many only see their parents twice per year (or even less). For me, I want to see my parents and my in-laws as many times as possible. Is it worth it to pick up those extra shifts to increase my income? Is it worth it for you? For many it very well could be worth it. But, as you do just make sure you consider what you are sacrificing. + +Now to the FI part. The reality of my grandfather and now my father having Parkinson's doesn't bode well for my genetics. Plus, I have suffered multiple concussions from athletics, so my risk for degenerative brain diseases is increased anyway (not necessarily Parkinson's, but Alzheimer's and similar). As I mentioned above, I am 30. My goal is to be FI by 40, but I have no plans to stop working at 40. I enjoy my job, and it allows me to serve others. But, this change with my father's diagnosis again gives new vigor to my goal. I have become somewhat lazy about my savings, and 2018 hasn't been a great year for savings due to installing a fence at our home, having to replace our roof due to hail, refinancing our home, etc. Life happens, but as 2019 is ending and 2020 is starting I am making a new push to increase that savings rate to hit my goal! Why? For all the same reasons as everyone else, but also because if I am diagnosed with Parkinson's at age 50 or 60 or whatever I don't want to be stuck having to work and instead want to have the flexibility of traveling to see my children as frequently as possible. + +I hope this gives inspiration to someone somewhere, but serves as my reignition. + +&#x200B; + +Edit: fixed dates...oops, it's been a crazy year and even more crazy day + +Edit 2: thank you so much for those with well wishes and with positive insights. They are greatly appreciated. +A number of very high profile bitcoin companies publicly supported the Segwit2X hard fork. + +As we have just learned, had the HF occurred, the entire Segwit2X network would have frozen; probably causing a significant price crash. + +This is the network that CEOs were telling everyone to run. This is the network that NYA companies had fired up AWS nodes for. This is the network that was running non-consensus software that had fallen well behind the current core version, running code that was not in compliance of the most basic standards of safe secure software engineering practices. This is the network these CEO's falsely claimed was a 'safe upgrade' for bitcoin. + +The existing chain would have still continued to function in this case, but it would have still been very bad reputationally. + +Those of us who fought against the S2X hard fork were called trolls, brainwashed, paid shills, and worse. We suffered through endless online attacks while we tried to make the clear, cogent, rational, argument that any agreement which didn't include the core developers was meaningless. + +It is not enough that these companies dropped out of the agreement when they realized it was going to fail in the marketplace anyway; they were prepared to drive the network off a cliff up until the last moment. + +They never should have gone along with it in the first place without technical leadership and competence behind it; without the support of the core devs and without professional software engineering practices. + +The mistakes they made are profound and, if they don't learn anything from it, they are destined to repeat them. + +Some have spun conspiracy theories, but I'm willing to chalk it up to technical incompetence and naivete. Most of these CEOs are business people not software engineers and lack the background or experience to know the degree of process that is required to mitigate risk. + +I believe the CEO of every NYA company that was willing and ready to move forward with Jeff Garziks' buggy code which would have caused major market disruption as he tried to spit out a hard fork fix, needs to seriously reflect on their decision. It was bad enough that S2X didn't have replay protection; which all NYA participants should have adamantly insisted upon. + +* Issue an apology. A real apology. One acknowledging their mistake in cutting out the core devs, failing to actually test the software, and putting the entire network at fatal risk. +* Promise to never do it again. Recognize that no consensus can be reached without the support of the technical community as well as those who actively support the network in terms of running full nodes and being deeply informed about the technical merits of changes. +* Commit that they will never support any change to the bitcoin network which has not undergone extensive peer review and testing. To never rush a change, unless 100% absolutely necessary in the form of an emergency fix and, even then, to be remarkably careful. +* Commit to supporting segwit immediately. +* Commit to supporting layer-2 scaling efforts, which **are the official roadmap for bitcoin core**. If they don't *'believe in layer-2 scaling'*, then they need to abandon bitcoin and move to BCH, IOTA, ETH, or some other network with a different roadmap. Had these companies devoted resources to advancing the roadmap, instead of diverting everyone onto counterproductive hard-forks, we would be much further ahead than we are now. +* Hire core devs! Some of these companies have enormous financial resources. Every single one of them should be hiring the best and brightest software engineers in the world and providing resources to support the network; not just the base layer, but every single part of the ecosystem. + +It is not enough that we just 'let this pass' without there being some real change. + +This isn't a joke here. Bitcoin has a market cap over 120 billion dollars right now. Most of us hope/expect to see it hit a trillion dollars some day. + +You don't treat a financial network of this size like you were updating some java-script on a webpage. + +This is serious business and requires the absolute highest degree of software engineering processes. + +No more amateur hour. + +If these companies don't have a culture that supports professional software engineering practices, then they need to hire people who do; and empower them to do their job. + +Every single day, every person involved in this space, needs to understand that the fortune of millions is tied up in this network. It's not your toy to be handed off to one incompetent dev who doesn't understand the most basic concepts of software process. + +**EDIT** + +'Must' is too strong a word. Take these as very strong recommendations. These companies burned an enormous amount of reputation in this near disaster. I implore them to learn from it. +I'm a 20m studying biomedical engineering in Germany. November last year I started working, earning about 450€ a month. Before I didnt really care about investing, but since I am earning some money and having no reason or purpose to spend it I thought it would be a good idea to start investing it and not just saving it on my bank account. + +I talked to a friend of mine about it, who's really into this topic and seems to know a lot about it. He is studying at a private university which is specialized in economics and he spent a lot of time earning knowledge about it so I trust him. He gave me basic insights to stocks, trading, ETFs etc. and recommended me to use eToro and start with trading with virtual money to get used to it before I start investing real money. + +But to be honest I don't know shit about this and really don't know where to start? What's best? Stocks? Crypto? ETF? How much should I invest? Which is the best broker? + +I'd really appreciate and kind of help, basic advices or maybe just good tutorials to start with. I thank y'all in advance :) +I have 30k EUR savings and am looking for long term investment plan. I have no desire to buy real estate in Vienna and pay for the credit with renting it out, since I pay rent in my current apartment already and 30k is not enough for any serious deposits on flats. I have no planned big purchases, and I can add 500 EUR to the sum every month. Since I am a total noob it would be the best if I do not have to worry about this sum for 10 years, but I would still like to invest because money sitting on my bank account does not bring anything. People warned me about the financial ´advisors\`in banks and said they did not get anything out of their investments. What kind of combinations would be making some profit with minimum input from my side? I was thinking about 10k in gold for back up, some retirement plan or investing in 500 best companies, but I really do not know where to start. Also german is not my first language and searching for useful stuff online regarding personal finances is a nightmare. I am willing to learn but have no idea where to start. I am also a bit cowardish and careful regarding crypto. Stats: Female, 36, job in IT sector - hardware +Currently in uni and thinking about matched betting, but are there any long-term downsides (like mortages and loans) other than the obvious of exposing yourself to gambling? +Who here is working a four day work week and how are you finding it? Is anyone a manger who has had a four day work week proposed to them? + +I’m currently in a work group who is trying to propose a 4 day work week to management, just wondering how everybody is finding it. + +If you did win a four day work week, how did you ask for an extra day off for the same amount of pay? + +Looks like more and more businesses are taking it on in Australia and I really hope it takes off. Interestingly I work in a field where we don’t have any flexibility at all atm- + +Our workplace is a long daily drive from civilisation and we physically have to be on site. Is the four day work week only going to be something enjoyed by industries that already have work flexibility or will it become the baseline for everyone over time and how will it effect your work place? +Good morning everyone, + +I already have Telus, CP, CNR and Aqn in my portfolio. I feel at this time all my dividend stocks are overvalued and i stopped buying more shares. Just dripping for now. If anyone know any dividend growth stock thats selling at a decent pe and have positive fcf please suggest some. Thanks +Hedge funds own the media, crash real companies into the ground [impacting real people](https://www.marketwatch.com/story/the-hedge-funds-that-left-wildfire-victims-holding-the-bag-on-pg-e-stock-11634076168), they put politicians in office to keep laws away from their activities by [spending hundreds of millions of dollars every 2 years](https://www.opensecrets.org/industries/totals.php?ind=F2700) and then create a [multi billion dollar kickback scheme](https://www.forbes.com/sites/bradadgate/2019/09/03/the-2020-elections-will-set-another-ad-spending-record/) to their own MSM companies they own. All they gotta do is create a SPAC and confidentially donate to your hearts content. + +They then spend the rest of the year using MSM to scam retail out of holdings by FUD. (Like [the Fed blaming 'meme stock' articles](https://www.nytimes.com/2021/11/08/business/fed-meme-stocks-social-media-volatility.html) or Evergrande mixed news) + +For those curious, after reading the above article [the $NYT somehow is 121% institutionally owned](https://fintel.io/so/us/nyt) you'll see *everyone's name* in that pool + +They polluted and corrupted every facet of the USA. + + + + +&nbsp; + +Sinclair broadcast group is [85.3% institutionally owned.](https://www.nasdaq.com/market-activity/stocks/sbgi/institutional-holdings) everyone has their financial hands [in this garbage](https://youtu.be/ZggCipbiHwE) + +[Newscorp](https://en.wikipedia.org/wiki/News_Corp) (WSJ, Murdoch's) [is just as bad](https://www.nasdaq.com/market-activity/stocks/nwsa/institutional-holdings) (***98.98%*** institutional owned) Citadel has shares. + +[Nexstar media group](https://en.wikipedia.org/wiki/Nexstar_Media_Group) is also [institutionally owned.](https://www.nasdaq.com/market-activity/stocks/nxst/institutional-holdings) (***97.27%***) Citadel with 450k of these. + +[Fox corporation](https://en.wikipedia.org/wiki/Fox_Corporation) are also [owned by hedges](https://www.nasdaq.com/market-activity/stocks/foxa/institutional-holdings) (***96.76٪*** institutional) with State Street owning lots of shares, Citadel around a million. + +[MSNBC, CNBC, NBC are owned by Comcast](https://en.wikipedia.org/wiki/NBCUniversal) which you [guessed it, is institutionally owned](https://www.nasdaq.com/market-activity/stocks/cmcsa/institutional-holdings) (***84.19%***) State Street owning a lot of shares. + +Banks own big chunks of them with these hedges. + +&nbsp; + +Then a couple other hedge funds [buy up the rest as they can](https://techcrunch.com/2021/09/01/apollo-completes-its-5b-acquisition-of-verizon-media-now-known-as-yahoo/) from September + +This one [is from May](https://www.npr.org/2021/05/21/998730863/vulture-fund-alden-global-known-for-slashing-newsrooms-buys-tribune-papers) + +> The purchase represents the culmination of Alden's years-long drive to take over the company and its storied titles – including the Chicago Tribune, The Baltimore Sun, New York Daily News and major metro papers from Hartford, Conn., to Fort Lauderdale, Fla. + +&nbsp; + +All with the interest of serving their current Holdings, a [distressed debt scheme](https://reddit.com/r/Superstonk/comments/qa321i/kkr_is_the_distressed_debt_company_that_aides_in/) to make the company to go under, or simply to keep them from reporting their crimes as the SEC [has admitted its hard to find crime unless others tell them and it's not sexy basically](https://youtu.be/lB43u38BV8o&t=1m14s) + + +(Had to post again, tried to delete a comment and hit the post delete instead RIP dumb ass for the typo in the title this time 👀) + +Edit: just found an [80 page document on the SEC's website](https://reddit.com/r/Superstonk/comments/qrq0lm/uhhh_apes_i_found_a_document_on_the_secs_website/) talking about how the media (this uses Jim Cramer) and funds (Milken) coordinate and crush companies. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I started a new job at Walmart and was originally not thrilled, because I'm always hearing stories about how they don't treat their employees fair. Let me also mention that I have a higher salary than the average Walmart employee (I realize that great benefits aren't a huge deal, if you're not making jack to begin with). After looking through the handbook, I realized they offer quite a bit better benefits than my old job. + +-First and foremost they offer a 6% 401K match. This is easily the most attractive benefit they offer. My last employer offered a 4% match, which I thought was pretty decent. So naturally I'm ecstatic with 6%. + +-They offer a 15% discount on their stock up to $270 a year. I think this is probably a pretty standard stock purchase plan discount. I'm still happy to take full advantage, as they are a fairly stable dividend paying stock. + +-Their health insurance is something that I hear most employees complain about. So while it does carry a hefty $5,500 family deductible, they give you $600 in an HRA account that you can roll over every year. The high deductible also allows me to open an HSA through a third party. The cost of the insurance is only $88 per month for my children and me which is about half the cost of my last employer. + +-So kind of dumb, but the 10% discount on store merchandise is pretty big for me. Most of their stuff is already pretty inexpensive. So that extra 10% is a nice added bonus. + +These things might not seem major. But I was surprised at how well they fit into my FIRE lifestyle. +Hello, I was wondering what people’s perspectives on flying business class are. Try as I might, I literally cannot justify it at any level of income outside of obscene amounts. We have flown business a couple of times for personal, because my wife is Mega Elite Platinum or whatever due to work travel, so we get automatic upgrades or she uses points. + +Buy paying $16k total for 2 business class tickets seems absurd (2x$8k). It is literally a 12-14 hour flight at most. For that amount, I can stay 2 weeks at an amazing hotel with most things included. How is that even close to an acceptable trade-off? + +The other way I look at it is if someone came to me and said – hey we will give you $10k cash if you sit in this reasonably comfortable chair for 12 hours. You can get up, eat, watch iPad, read, sleep, do work whatever. You just have to do it in the confines of this chair and the bathroom, I will absolutely do it. + +Am I being a cheapskate, or is my thought process reasonable? We usually travel economy for all domestic flights and a combination of economy/economy plus on long hauls. I am 6-1 and I have never felt uncomfortable or cramped on regular economy. Obviously, sleeping sucks. + +I just think that the quickest way to slip out of FatFIRE (or never get there) is to let pointless things like these slip in +Can anyone please outline why all of the biggest mining companies have such low valuations and high dividends? Sorry I know these aren't Canadian stocks, but I'm genuinely curious what people think, since there's a lot of talk about commodity boom fueled by ESG, electric vehicles, etc. + +For example: BHP has PE of 7.6 and div yield of 13.8%, Rio has PE of 4.4 and yield of 13.8%, and Vale has PE of 3 and yield 17.8%. +Any idea, if private companies are better then PSUs for health insurance? Also, what is your opinion regarding group insurance policies offered by banks like PNB for their customers (PNB-Oriental Royal Mediclaim insurance) ? + +Quick google search suggests that Incurred claim ratio (ICR) for PSUs is \~100% whereas for top private players it is around 50 - 70 %. It means that PSUs are bleeding money? Claim settlement ratio (CSR) for major private players is \~80 to 90%. Not sure about CSR of PSUs. + +My perception is that claim process will be smooth with private companies. I think hospital coverage will be descent for both in metro cities. +My return for AY2018-19 (ie. FY 17-18) was picked up for limited scrutiny and some additional information was asked on Schedule FA (Foreign Assets). The question was on one of the entries and admittedly my submitted information was ambiguous. (My company had multiple splits in the previous years and my RSUs with 1 company became multiple companies.) I submitted additional information - all online - and got the good news below. + +"ASSESSMENT ORDER + +1. The case was selected for Limited Scrutiny assessment under the E-assessment Scheme, 2019 on the following issues:- + +S. No. Issues + +i. Foreign Financial Interest + +After taking into account all the relevant material on record, an assessment is hereby made without any modification to the Returned Income and the sum payable or refund of any amount due on the basis of the assessment is determined as per the Notice of Demand. Appreciate your co-operation in the faceless e-assessment proceedings under the e-assessment scheme. 2019. " + +The 'Returned Income' is the technical term for the final taxable income that you declare. **In any scrutiny, it is indeed good news if the department agrees with you on this :-)** + +There is a slight twist though. There is a reference to the Notice of Demand, and there indeed is a demand. For a sum of Rs 2... - no I am serious. + +"Subject: Notice of demand under section 156 of the Income-Tax Act, 1961 + +1. This is to give you notice that for the assessment year 2018-19 a sum of Rs. 2, details of which are + +given on the reverse, has been determined to be payable by you. + +2. The amount should be paid to the Manager, authorised bank/State Bank of India within 30 days of the service of this notice. A challan is enclosed for the purpose of Payment. + +3. If you do not pay the amount within the period specified above, you shall be liable to pay simple interest at one per cent for every month or part of a month from the date commencing after the end of the period aforesaid in accordance with section 220(2). + +and some more statutory language + +" + +Luckily, some other part of the system checked this and there is no challan for payment, and there is no outstanding demand in the online portal. + +But overall, it has been a good experience, particularly considering the fact that there was some ambiguity in my original return. +I finally pulled the trigger to quit my FANG job and start my own startup. It's well funded and we plan to pay ourselves $8K/month. However, no major bank is willing to touch my mortgage application for a $1.6M primary home. I will also sell my current condo for $500K in equity. I have around $5M liquid. I am getting some quote for 6% interest rate on some non-traditional loans. I can put in any amount of down payment but would love to leverage loans as much as possible. Anyone in a similar situation? What's the option to negotiate a good interest rate? +Let's say you have to flee your home in a wartime situation. You have no cash, but its devalued anyway due to recent events. + +but you have your phone, hardware wallet and seeds. You feel pretty good. + +Then the internet and mobile networks go down. + +How do you use your bitcoin? Is it worthless? +My current salary is 75k. I commute a total of 2 hours a day (hour to work and an hour home). With gas rising quite a bit, and my car going through it quite quickly, I’ve thought about possibly purchasing the cheapest model Tesla. + +Looks like it comes out to 46k. My rent is relatively cheap (680 a month). If I were to put down 4500, it looks like my monthly payment would be 660. Assuming I pay this over 72 months, annually it will cost me 7920. + +I don’t have many other fixed costs, as I’m young, single and genuinely don’t do much outside of work. + +Does this seem doable? Very new to budgeting and planning. + +Thank you in advance! +Speaking as a guy who ER'd in 2005 and who got through the housing bubble, anxiety is totally natural and OK. I imagine you've heard what I'm about to say, but hopefully it'll encourage you to hear that these coping mechanisms aren't just theoretical, but are actually effective. They're working for me right this very second. + +**STOP ENDLESSLY BROWSING REDDIT AND OTHER FORMS OF ANONYMOUS SOCIAL MEDIA.** This is huge. For human interaction switch largely over to what let's call intentional conversation. Communicate with friends and family and acquaintances directly by phone or IM or whatever best suits you instead of getting lost in a crowd of strangers. Target your support. This brings out the best in people. + +**Stick to hard news and stay away from sensationalized coverage.** Despite what I just said about Reddit, /r/covid19 is a great central source for hard science. The science is encouraging, and it's great to see how the global scientific community is coming together. + +**Find stories about everyday heroes, like the teacher who's right now leading my daughter's virtual classroom.** In 2009 we were all uplifted when Captain Sully safely landed that American Airlines flight in the Hudson River. Stories like that were what we needed to hear. Honest to God, I'm pretty much worshiping the linoleum my pharmacist walks on. + +**Futurology doesn't have to be negative.** Like: the distributed manufacturing systems springing up are gonna be huge in the post-COVID-19 world. I seriously wish I owned a 3D printer right now. This event could also blow a lot of bullshit out of our healthcare and college systems. Etc., etc. + +**Keep exercising.** No need to belabor this. Yoga and burpees if nothing else. + +**Establish a routine.** Old convicts frequently tell new ones how important it is to structure their day instead of sitting around playing cards and doing constructive things only when they feel like it. This is good advice for anybody. Keeps one busy instead of sitting around mooning about stuff or smoking weed all day or spanking the monkey fourteen times an hour. It takes some self-discipline, but it's totally worth it. Incorporate an educational component. "I like birds, so today I'm gonna replace a half-hour of Netflix with a half-hour ornithology lecture." + +**Remember that as a FIREee or an aspiring one, you're already ahead of the game because you have some money put by.** Our community's gonna hear a lot of "Guess you're not as smart as you thought you were, eh?" Whatever. We were at least smart enough to make money and keep it and put it to work for us. A direct reason I was able to FIRE is that my grandparents survived the Great Depression and passed what they learned to my parents and to me. This is a hell of an opportunity for us to be ambassadors for sound personal financial management. + +**Figure out ways to spend locally.** There are gonna be a lot of cottage industries springing up. My wife and I have more or less pledged to each other that if it should work out that we get stimulus checks, we're gonna spend them on our friends who are trying to earn money. Like: my friend forages for wild mushrooms and such for selling to restaurants. That market has dried up. We just started buying watercress from him. Everybody wins. + +**Check out live-streaming performances.** Did you catch the Dropkick Murphys live show last week? I was like, damn, this is exactly the breath of encouragement and normalcy I needed. /r/festivals is doing some great work curating this stuff. My wife's over here watching a video Steve Martin just posted. He's out in the woods somewhere playing the banjo. It's awesome. + +I guess that's it for the moment. Last thing I'll say is that while I don't know you personally, I care about you and I want you to feel healthy and happy. Stay strong and be well. + +Edit: typos and shit. + +Edit edit: I note with some amusement that people aren't finding the notion of spanking the monkey fourteen times an hour to be implausible enough to comment on. Maybe that's just a Reddit thing. Hmm. +Curious to hear why you think real estate agents are the main go to for property sales? One stat I found from 2016 said only 1% of homes were sold without an agent. I doubt this number has changed much. + +Is it because of local sales knowledge, sellers not confident in price negotiation, having existing contacts, wanting a third party to look after the entire process? + +If you sold recently, why did you use an agent? +Hello /r/ethtrader! + +Last summer, my co-founder and I left Google and soon after fell deep down the rabbit hold of cryptocurrency and blockchain that you all are deeply familiar with. As Hobbyist crypto investors, we quickly ran into the problem of keeping track of our own coins, and eventually of figuring out our own taxes, which we wrote about [here](https://www.coindesk.com/hobbyist-hell-tracking-crypto-assets-taxman/). This led us to create **[CoinTracker](https://www.cointracker.io)** and join Y Combinator's latest batch. + +We quickly realized that one of the major roadblocks holding back cryptocurrency from more mainstream adoption is straightforward UX. So we set forward to build a better way to keep track of your portfolio and do your taxes with dead simple UX. Our goal was clear: *make crypto more accessible*. + +Since then we have been very privileged to get 30,000+ exchange accounts connected to our tool, tracking over $200M of crypto assets. This also led us to create a detailed [FAQ on common crypto tax questions for the US](https://www.cointracker.io/faq#section-tax), covering hot topics such as like-kind exchange, airdrops, mining, FIFO/HIFO/LIFO, and more. With US tax filing tomorrow, we would love to help answer any pending questions you may have and/or help you file a [free extension](https://www.irs.gov/pub/irs-pdf/f4868.pdf). + +We would love to get your feedback on what we have built, how we can make it better, and what additional pain points you have in the crypto space so we can prioritize what to tackle next. Additionally, if you like CoinTracker or where we are going, please drop us a line — we're [hiring](http://www.cointracker.io/about) full stack developers in San Francisco, CA! + +&nbsp; + +^Disclaimer: ^I ^am ^not ^a ^CPA ^and ^any ^of ^my ^comments ^in ^this ^thread ^should ^not ^be ^taken ^as ^a ^substitute ^for ^legal/tax ^advice. ^You ^should ^consult ^your ^own ^professional ^tax ^advisor ^for ^tax ^or ^legal ^advice. +I’ll be moving in with her in the next year or so. I’ve done plenty of research and am all-in on house hacking. I’m planning on sitting down with her and going through all of my knowledge on how to successfully house hack. I’d like to buy a duplex or a house with a garage apartment. But I was wondering if anyone has gone through this and has any tips? Here are her concerns that she’s said to me so far: + +1. She doesn’t want to share a wall with anyone and is worried about privacy +(even though an apartment is sharing walls too) + +2. She’s afraid we would get bad tenants + (even though I explained we would go through a good screening process) + +3. She’s afraid the tenants will bother us all of the time + (I told her we could get a property manager) + +4. She’s afraid it won’t rent out +(I tried to explain the whole setting money aside for vacancy thing) + +5. The affordable duplexes in Houston aren’t in the best areas of town, so she’s afraid of living in a rougher part of town. +(I totally understand this concern) + +6. We’re both starting full time jobs and she doesn’t want to worry about a rental unit right now. + +But like I said I’m planning on sitting her down and explaining step by step. But what are some good ways to go about this?? How can I convince her?! +This is a bandwagon thread based off silly comments made by others made in another one. + +Long story short: In the past had financial issues, ok now, I now have a very high credit score (Experian) in the 830s, I'm 34 and this is far above average for my age. + +Increases it: + +* Paying off fully and closing any overdrafts and credit cards. +* Paying far above the minimum amount / large payments towards it in general, even if there is still debt left on it. +* Consistently paying it off (ties into the above). + +Decreases it (apart from the obvious of not paying it off): + +* Lots of credit card applications made in a short period of time. +* Any overdraft accounts in debt. +* Missed payments, even if accidental. + +What has no effect on it: + +* Multiple bank accounts with multiple banks (no overdrafts) +* Opening or closing the above bank accounts. +* If you have an debt payment arrangement towards that credit card or overdraft debt, even if this debt is sold to a third party. + +Less Reddit hive mind please. +*Edit2: RIP inbox, 356 comments later. Really appreciate everyone's participation, I think it's been fruitful for us all.* + +*I did have a few comments regarding the holiday, only a couple but my response is as follows. For anyone looking to buy their first home, don't put your life on hold for the sake of the house, be sensible about it. We are living in slightly more difficult times with salaries not increasing the same as house prices but you should still allocate money to enjoy yourself!* + +*I previously had the mentality that I wouldn't go on holiday until I bought a house, let alone spend £5,000 (£2.5k each) on one. After going on that holiday and having 12 days abroad there's no way I would've rather saved it for a house deposit!* + +*Edit: All the lurkers are coming out! Appreciate all your responses guys. I think I often come to this sub and feel the same as some of you, I'm "2X but I'm not on £3X,000+, like the rest of people my age?!" What am I doing wrong?!* + +*I think all your comments have helped provide a slightly more accurate (it still is a finance sub after all) picture for us all* + +*Despite whatever situations we're in, I wish the best to you all and absolutely love this comment from /u/Evil_Berty* + +> **My advice would be “Don’t compare yourself to your peers, compare yourself today to you yesterday”. You seem like your on a good path and seem to have drive and goals. You’ll be fine** + + + + + +What's your salary? Savings? Location? Goals? Housing Situation? + +What's the status of the 18-25 year olds here that are on less than £25,000? + +A lot of the posts I see here are 21 year olds who are on £30,000 but what the rest of us muggles doing! + +Unfortunately I'm still part of the IT crowd on here! Although I did fall into it as a hobby. + +I'm 24, working IT support in a primary school on £21,000. I'm also two years into a Computing & IT degree with OU. Previously studied A Levels in sciences and a L3 BTEC in IT and then a L3 apprenticeship in IT. My partner a similar age in completely different role/sector on £25,000 & we're based the SE in the homes of mum & dad. + +We both have maxed our LISAs for the past two financial years so have £20,000 in total. And we both have £2,000 each in our emergency funds. + +Both autoenrolled into pensions and never looked at them so not entirely sure what's what with that. + +We've recently saved and then spent around £4,000 to £5,000 on a holiday. I think we spent maybe £2,000 on one in 2017. + +Money is now going towards the costs associated with buying a house, currently the goal is about £4,000 (that's excluding moving costs & furnishings) Once this target is hit I plan on funneling the money into the LISA to hopefully max out another year. Also towards another holiday and money is being drip fed into the emergency funds. + +We both have cars around the 10 years old mark and spend around £1000 p/a each on insurance, tax, MOT etc (excluding fuel). + +Partner has got debt (all 0% interest) down from a few thousand down to £200 which will be done with on the 27th. I have no debt other than paying for OU out of my own pocket (can't use the SLC due to interest and my religion) so it's £244 p/m (on 0% interest credit card). + +Plans? Both looking for new jobs, I've hit the ceiling of this place so need out and I'm looking for a salary of at least £25,000-£26,000. Partner is possibly changing from the same role but different sector so around the same salary is the target. + +After that, it's our first house! Our eyes are set on MK. And our budget is estimated at +£26,000 + £26,000 * 4.5 = £234,000 + £30,000 (LISA) = £264,000. A three bed in family friendly area would be nice. + +And that's me. Started the apprenticeship on £3.30p/h then £16,000 for a short while, then £19,000 and now £21,000. (This is the salary over two different job roles) + +Any tips? Advice? What's your situation? I feel like we've mastered our money quite well which is also pushing us for new jobs. There's only so much you can do with your current earnings until the next option is to earn more money. +The only reason GME is where it is right now is through blatant market manipulation. + +On January 28th GME was over $500 pre market. It had sensational momentum. Buying GME on the 27th at $300+ was not a bad play. GME had already gravity slingshotted round Earth and had blown past the moon, on course to leave the fucking Milky Way. The shorts were completely fucking fucked. They were done. Dead. Bags heavier than a dying star. About to be squeezed so hard they’d turn into hand shaped diamonds. And then suddenly they weren’t. + +It wasn’t fucking short laddering that saved them. It wasn’t fucking “hedge fund tactics.” It wasn’t synthetic longs. It wasn’t a bear raid (look it up, this is what they are actually doing ). It wasn’t cause gme was a silly meme play. none of this is what stopped the inter dimensional GME rocket. + +What saved them? Market manipulation. “They” (dtc/ brokers / clearing houses whoever) changed the rules and essentially banned buying the stock. They locked the (retail at least) market out of one side of a trade. The fuck? + +They didn’t halt the stock. + + +They didn’t suspend it. + + +The stock wasn’t halted by the exchanges. No That would stop all trading. + + +They just stopped people *buying*. Kill the demand and surprise! supply overtakes demand and price drops like your wife’s pants when her bf is in town. + +But why? + +If they hadn’t restricted buying? Well the shorts would be bankrupt. But they can’t let retail win. Specially fucking Reddit. Retail investors are idiots remember. Institutions are far smarter than that bunch. + +The big boys can’t have retail win. That’s preposterous. So just stop em buying. You do that to *any stock* and it would absolutely tank. Its mind blowing how blatant it was. + +But how do you halt buying without appearing be shitting in the swimming pool of regulation? Well luckily you are the DTCC. What you do is raise capital requirements from 2% to *100%*. Btw DTCC is run by a board of bankers. + +If any of you are familiar with regulatory capital and liquidity requirements, this is of course an absurd change to make. Let alone to make overnight. + +If you aren’t familiar with capital requirements, here’s a quick crash course. Banks typically need to hold 8/10% of their risk weighted assets in liquid assets. This means banks gotta hold 10% of their total shit in case shit goes poopoo. It means they can’t just spend all their fucking money on cocaine and gme shorts . This 10% is to cover shit like you taking money out your account to spend on gme. (And a whole lot of other stuff.) + +Banks go bust if every cunt turns up and wants their money out their account. This is called a run on the bank. No bank carries 100% of their deposits in reserve. Cause you can’t make money doing that. Also it’s stupid. Anyway. + +Now. That’s banks. That’s peoples money. Banks go bust world ends and no bankers goto jail apart from one dude who lives in Iceland. Banks need 10%. TEN. Want to buy a ticket on the GME Voyager rocket after it has reached terminal velocity? Sorry brokers, we need 100% now. Not our usual 2%. Lol guess you don’t have that kind of capital laying around at less than 24 hours notice.... whoops. Obviously no firm could fill a 98% hole in less than 24hrs. + +And why suddenly shift this requirement from 2% to 1 fucking hundred% you ask? + +Well this was all to get themselves and their buddy old pals out a terrible situation engineered through sheer unadulterated greed. So greedy that dumbfuck retail caught them with their dicks in the cookie jar. So bad that the clearing houses and DTCC didn’t want to pay for the gargantuan bags that were being held by the shorts. Because they’d have to. Someone had to pay and the shorts were, well, poetically the shorts were going to be short... A few billion dollars. + +So it turns out all you have to do to avoid being molested by the squeeze of the century is change the rules, very clearly manipulate the stocks price, and suddenly squeezeageddon is a little gentle hug. + +If this doesn’t show just how rigged the markets are, I don’t know what else could. Maybe a news story coming out that the DTC and large firms have a daily morning zoom call to literally decide what every single stocks opening and closing price will be every day, and then phone Cramer so he can say the opposite on CNBC. + +Everything else since the great buying lockdown is small fry fuckery. Remember this. + +But here’s the other thing. You think the boys at the funds hoarding short positions like they’re some kind of short dragon of Wall Street are going just go “well that was close, let’s close all our GME shorts now while we can?” No fucking way. I guaranfuckingtee they’re doubling down. They think GME is worth $0. They aren’t to stop until they’re right. Specially when they’re playing against “dumbfuck” retail and the investor known as Reddit. + +GME ain’t done yet. + +Hold. + +^Not ^financial ^advice. ^^^obviously. +So due to my father passing, I just inherited a duplex. I already had a couple other rental properties and this put me over the mark of general day to day life costs vs passive income. And before some people jump in, saying that rental income properties aren't really passive, I have a property manager that takes a small percentage, and it truly is passive and super easy for the most part. Granted this was a terrible way for me to hit the benchmark, losing somebody, but I'm trying to look forward to what comes next. + + +I'm barely crossing that benchmark, and then I realized I hadn't really factored in getting my own health insurance (USA). As soon as I looked up those costs, it hit a whole new level of, "well shit, time to really buckle down even more to get past that last amount" so I was hoping others might know of good ways to avoid the insane costs? I had been looking at a few plans, and while I had thought I would most likely have 2 kids in the future. If my spouse covered own insurance, just me +2 kids means about $1k/month for remotely decent coverage from BCBS. + +Wtf? Is there a cheaper marketplace out there I'm missing? Or is that really what I should expect for the time being? Any other advice would be more than welcomed. +>As per exchange circulars ([PDF](https://www1.nseindia.com/content/circulars/COMP52623.pdf)) it is mandatory to enable TOTP before September 30, 2022, failing which you will not be able to log into Kite. +> +>TOTP stands for “time-based one-time password”. Unlike a traditional OTP that is delivered to you via email or SMS, a TOTP is generated by a TOTP app that is already on your phone. This TOTP is valid only for a short duration (usually 30 seconds) and is regenerated every 30 seconds. +> +>The following apps can be downloaded on PC or mobile phones to generate the TOTP: + +* Google® Authenticator available on Google Play. +* Microsoft® Authenticator available on Google Play. +* Authy available on Google Play. +* Bitwarden. + +[How to set up Time-based OTP (TOTP) to log in to Kite?](https://support.zerodha.com/category/your-zerodha-account/login-credentials/login-credentials-of-trading-platforms/articles/time-based-otp-setup) + +Got this via Kite, should be relevant to all stock brokers as per the PDF from **NSE**. +Just read this article by ET [9 smart money moves to improve your finances and make you richer in 2020](https://economictimes.indiatimes.com/wealth/invest/9-smart-money-moves-to-improve-your-finances-and-make-you-richer-in-2020/articleshow/73005209.cms) as a non -finance guy I would like to know from you if these "moves" are worth it or just another article at year end. +He gets \~800 social security which only covers his other food expenses. + +Edit1: Do I need to show that I am co-lease signer or that I have written checks from my bank account bill pay to that group home's account? + +Edit 2: Does anyone know about claiming him as beneficiary will affect his SSI benefits? I will definitely contact tax attorney in few weeks. But due to monday deadline, looking for quick advise about adding him as dependent today. + +Edit 3: Deduction I get when I claim him dependent is just $500. So I don't think it is worth all the trouble. I may drop him as a dependent for now and file the taxes. Thanks all! Next, I will talk to professionals and come up with a plan to help support him financially going forward. +He gets \~800 social security which only covers his other food expenses. + +Edit1: Do I need to show that I am co-lease signer or that I have written checks from my bank account bill pay to that group home's account? + +Edit 2: Does anyone know about claiming him as beneficiary will affect his SSI benefits? I will definitely contact tax attorney in few weeks. But due to monday deadline, looking for quick advise about adding him as dependent today. + +Edit 3: Deduction I get when I claim him dependent is just $500. So I don't think it is worth all the trouble. I may drop him as a dependent for now and file the taxes. Thanks all! Next, I will talk to professionals and come up with a plan to help support him financially going forward. +Manulife has been trading within the 23.99- 25 range for a few months now. Their p/e ratio is 6.98 compared to sunlife 23. Manulife has been hit by current low interest rates and their insurance financial service in the USA not producing great results. The dividend payout ratio is in the high 30s and prior to osfi ban they had raised dividend at a decent pace. I have a theory that with Manulife you won't get great capital gains but at current prices the company is fairly valued. I wonder if the community has further insight? Thank you for your knowledge and helping me get all perspectives. +https://www.cnbc.com/2019/12/15/boeing-considers-halting-or-further-cutting-737-max-production-wsj-reports.html + +The aerospace giant increasingly views a pause in production as the most viable option, according to The Wall Street Journal. + +Boeing’s board is meeting in Chicago on Sunday and a decision could come as soon as Monday. + +FAA chief Steve Dickson told CNBC on Wednesday that the regulator likely wouldn’t clear the 737 Max’s return until some time in 2020, shooting down any hope by Boeing to get the plane back in service by the end of this year. +EverRise is the orginal and first ever buy-back hyper-deflationary token on the BSC. The same way SafeMoon paved the way for thousands of other coins to introduce the redistribution to holders, EverRise is the first to introduce this BuyBack feature. + +In the stock market environment, BuyBack means buying back the shares of a company in the open market, which increases the value of the stock. At EverRise, we chose to apply the Buyback concept to cryptocurrency, and make our token more attractive to hold. + +On the EverRise protocol, a 6% transaction fee is stored in the contract and used periodicallly to buy back tokens from the market and then instantly burn them, increasing the value of the circulating supply. + +The fees collected by the Contract are used to buyback and burn tokens when market conditions are bad, instantly increasing the price and saving the holders from massive dumps when is necessary. + +Everrise is the first token to implement smart analytics and tactics to beat financial adversities on the blockchain through the use of the revolutionary Buyback feature. + +The token holders are benefited also through a 2% static rewards. + +EverRise is working on two dApps: EverOwn and EverLock. Those projects will solve problems on the crypto industry and will be a source of revenue for the project and the holders. + +📄 TOKENOMICS 📄 + +• ⁠6% Buyback Tax +• ⁠3% Marketing +• ⁠2% Distributed to Holders + +✅ ACHIEVEMENTS ✅ + +• ⁠Listed on CMC, CoinGecko & Blockfolio +• ⁠4K BNB Presale sold out in 10 seconds +• ⁠50K Holders +• ⁠29K+ Members on Telegram +• ⁠$35m+ Market Cap +• ⁠Listed in 3 Exchanges: BKEX, LBANK & ZT Global +• ⁠Code audited by Techrate +• ⁠Certik audit in progress +• ⁠Big marketing wallet for promotion non-stop +• ⁠NY TIMES SQUARE BILLBOARD TOMORROW JULY 2ND + +🌐 Website: www.everrisecoin.com + +🐤 Twitter: www.twitter.com/EverRiseToken + +📢 Telegram: t.me/everriseofficial +The Fed can raise interest rates to infinity in lock step with rising prices to tame inflation when they want. This Fed power is far more effective than money printing. Right now, they *want* asset inflation, which through a wealth effect, stimulates aggregate demand. Powell doesn't want or need to spook markets. Markets obey him. + +The lessons from the 18/19 market tantrums, Europe after the 08 crisis, and Japan's lost decade were that stagflation (moderate inflation, rolling recessions) has a gravitational pull. It is better to risk moderately higher average inflation in the short to medium term to reach escape velocity. + +Current sources of inflation are tied to asset inflation (housing inputs) and only seem dramatic in the the short to medium term. The Fed is comfortable with this because they want the wealth effect from asset inflation. This will make people feel rich so they spend freely as COVID goes away. + +Also, the Fed has orders of magnitude more data and gets it at speeds that were unimaginable four decades ago. Why four decades? That's how long it's been since we had an inflation problem! + +The Fed will coast or feather the brake pedal to slow down, instead of stomping down on repurchases. They've learned how to do so from the 2018/2019 market tantrum. The Fed is correct to be much more concerned about escaping stagflation. + +ELI5: Basically all the stocks that have crashed because the companies don't generate free cash flow will go up again. Market is about to do a headfake. +I (25 f) had no idea you had to invest your Roth IRA for it to grow until I saw a tik tok on it. Yes-I know- please hold the judgements- this is a public education problem not a me thing. What are low risk ways to invest this? What are best practices? +Hello, + +As the title states, I had my yearly review this past Friday and the owners of the company gave me a $7k bonus which will be paid this Thursday. Should I wait a couple of days after the bonus to give my notice or can I do it the same day? + +I received a job offer for 35% more pay, a $10k guaranteed bonus, amazing benefits and a flexible schedule. My start date is January 17th and I was hoping I could take off a week or more since I haven’t taken a single day off since March and I will need to buy a car and do some other things. I’m afraid that if I give notice the same day they will try to screw me over, but I also don’t want to wait too long to give notice otherwise I won’t be able to take the week off. +Small rural town, plenty of land that could be developed. Population of about 8500. + +Population has been steadily decreasing by about 1/2 a % annually for 20 years. + +Total number of residences (eg available homes) in the town has increased the last 10 years. + +Rent prices have been flat for 10 years. + +Median household income has decreased by $10,000 over the last 10 years, not accounting for inflation. + +A higher % of the town's population are dependents than 10 years ago. + +There is no meaningful outside investment by institutions or by individuals. + +Property values were up 18% last year and 25% this year. Why? + +Edit: Here are factors suggested in the thread that seem likely and aren't disputed by the research I've done: + +-interest rates have dropped from 5% to 2.5% in the last 2 years. + +-inflation is likely much higher than the Fed's official numbers + +-high materials costs are affecting the price of existing homes. + +edit 2: BTW, market is Toppenish, Wa. I was arguing with a friend about market trends, and we agreed that the underlying trends shouldn't be applicable in a rural shithole with plenty of available land. Toppenish was a perfect example. +Hi all, +Currently have a baby napping on me so excuse the poor formatting. +I currently have next to no pension pot. Before maternity leave I was earning £35k a year doing an admin job. Employer contributes the minimum 3%, I have been adding 5%. +I will be droping down to 3 days per week when i return to work to balance childcare= £21k p/a. +Money is tighter than ever and I worry about my inability to bolster my pension fund. +I understand its a case of having a cake and eating it- not wanting/able to pay in more but wanting to have more in the pot. +I guess I'm looking for reassurance, it's a time in my life where money is tight and my ability to work more is limited. Can anyone relate that has since managed to put more money into theirs? Any tips or advice? + +I enjoy my job and the flexibility it provides, particularly since having a baby, is fairly invaluable but it's not one that I can easily increase my salary in. + +I think comparison is kicking in too as my siblings are fairly big earners/firefighter with a good pension/married into money 😅 I feel this sub has quite a few high earners and that's adding to my feeling of inadequate earnings. + +Sorry for the ramble and thanks for reading. +From, +A very tired anxious Mum +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I read that in 2008-2009 bonds only fell by -4%. So this is really uncharted territory. I didn’t expect bonds to fall more than any stock index today. + +Guys, it’s also my fault that ZAG crashed today, because I bought some this morning. +Financial Results Highlights Fourth Quarter 2021 Compared With Fourth Quarter 2020: + +• Net income of $2,159 million, an increase of 36%; adjusted net income1 of $2,226 million, an increase of 38% + +• Reported earnings per share (EPS)2 of $3.23, an increase of 36%; adjusted EPS1,2 of $3.33, an increase of 38% + +• Recovery of the provision for credit losses of $126 million, compared with a provision for credit losses of $432 million + +• Return on equity (ROE) of 16.0%, an increase from 12.4%; adjusted ROE1 of 16.5%, an increase from 12.6% + +• Common Equity Tier 1 Ratio3 of 13.7%, an increase from 11.9% + +**• Dividend of $1.33, an increase of $0.27 or 25%** + +&#x200B; + +Fiscal 2021 Compared With Fiscal 2020: + +• Net income of $7,754 million, an increase of 52%; adjusted net income1 of $8,651 million, an increase of 66% + +• Reported EPS2 of $11.58, an increase of 53%; adjusted EPS1,2 of $12.96, an increase of 68% • Provision for credit losses of $20 million, compared with $2,953 million + +• ROE of 14.9%, an increase from 10.1%; adjusted ROE1 of 16.7%, an increase from 10.3% + +&#x200B; + + “Today we announced a 25% dividend increase and our **intention to repurchase up to 22.5 million shares**, reflecting the strength of our capital position and confidence in delivering sustained, long-term performance for our shareholders,” +I’m 25 and looking forward, I seem to be able to retire between 28-30, 30 if I want to play it safe with a 3% SWR or more money annually. I feel like this may be too early, either because I’d have too much time and too little experience, or because as we know there is a lot of social pressure around retiring early, lots of “you got lucky” comments and generally jealousy. That seems to be a reason some stick around a few years longer. + +Tl;dr: is there an age that’s too early to retire for any real reason? Looking to discuss + +Cautionary tale. I had no clue schemes like this existed. Can’t help feeling a bit bad for the guy caught up in it. Too trusting? If it was legal why is he being retrospectively shafted? + +[‘I owe £180,000 in tax and I haven’t told my wife’](https://www.bbc.co.uk/news/business-54604132) +I am currently a junior in hs and am on bad terms with my parents. I recently found out that they won't pay for my college education, and feel like I'm royally screwed. I know they have a savings account for me, but doubt that there's more than one semesters worth of money in it. + +So what the heck am I going to do? I'm not a genius, I pretty much reflect an average student with a gpa of a 3.5, and have never been in any clubs. I come from a public school full of well off extremely smart kids, and feel like such a deadbeat knowing that I'll never achieve what they're going to. + +I currently have a job that pays $7.50 an hour, and am thinking of getting another at a grocery store, restaurant or possibly in retail. How long would it take me to save up if I was renting an apartment one step above ghetto, had no cable or internet and tried to use public transportation as often as possible? How many hours would I have to work, assuming the second job would pay pretty much the same as the first? + +Is it even plausible to work while going to college? How would I schedule my classes based on what I can afford time and money wise? + +I feel like my future is hopeless and bleak. I wanted to get a BA in Chinese and a TEFL certification, which would allow me to teach English overseas, but now I feel like my life is spiraling down. +Apparently Warren Buffet's theory on stock market stability is based off of GDP being tied with stock market valuation. And currently with this huge bullrun we are at around 190% of our GDP indicating a crash soon. Seems historically accurate and crypto usually trends with stock so it has me concerned. + +Also I heard a stat that 30% of all money in circulation was printed last year. Combine the never ending printing of money and the "Buffet Indicator" has me worried about an impending crash. Not to be a "Doomer" just wondering if my concerns are unfounded or if anyone has has looked into this? + +[https://markets.businessinsider.com/news/stocks/warren-buffett-indicator-nears-record-high-threatens-stock-market-crash-2020-12-1029857054#:\~:text=The%20%22Buffett%20indicator%22%20compares%20the,when%20GDP%20was%208%25%20lower](https://markets.businessinsider.com/news/stocks/warren-buffett-indicator-nears-record-high-threatens-stock-market-crash-2020-12-1029857054#:~:text=The%20%22Buffett%20indicator%22%20compares%20the,when%20GDP%20was%208%25%20lower). +I started this study to find out which one is better between Nifty 50 or S&P 500 (in INR) for LONG term (10yrs). Basically better returns with less risk. + + +I got 17 yrs past data and took 10 yr rolling returns. I found out that the average returns comes out to be same and the risk (volatility or standard deviation) is also very similar 🙂 + + +So now I wanted to know if they go up and down at the same time.. if they don't (if they are not 'correlated'), I can safely put half money in Nifty 50 and half in S&P 500 to make sure that the journey is less bumpy. I did that and I can see negative correlation (-0.35) I was surprised to see this. Am I doing anything wrong? The study is below + + +[https://1drv.ms/x/s!Ap9ameidPNIipXWYFA9ux7xBVaPY](https://1drv.ms/x/s!Ap9ameidPNIipXWYFA9ux7xBVaPY) +Who would I talk to about this? Am I even able to receive any backpay? The termination itself was uneventful: I had put my two weeks in, and they decided instead to just fire me a week before the date I gave them. It obviously makes sense for them to fire me at the end of my shift, but when they escorted me out of the building, I figured my old boss would fix my time in the time system. One missed day of pay isn’t the biggest thing in the world, but I do feel like they took advantage of me + +EDIT: I totally forgot about this part, my apologies. After a closer look at my pay stub, it turns out I did get paid the correct amount of hours. So my boss actually did go back and fix my time on my last day. + +However, I had called out sick the day before, with sick time to cover my shift, and THAT was the 8 hours they didn’t honor. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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On a bright note the US finished green last night after I made some calls, you may be wondering why I didn’t just call Tom and make the ASX green today too? Well I was sleeping on the job, its not easy knowing all these famous people. Also I finished down 2% today, according to the partner…HOLY SHIT, apparently stocks should only go up? +**XJO down 0.98%** + +**Energy sector & Materials sector** + Energy doing as beautiful as ever finishing as red as their emissions down 1.31%. We did have a nice hint of green from ALD up 0.46%, however the rest of the sector decided it was Christmas and wanted to mix in some red with WPL down 2.12% and WOR down 1.69%. + Materials also having a nice rest day down 1.32% with NST doing the best up a huuuuge 0.95%! The big 3 were all red though and the 2 biggest slackers were LYC down 7.59% and PLS down 5.58%, which if you truly believed in the companies is what you should be happy about because it means they’re cheaper! + +**Industrials & Health care** + Industrials continuing the Christmas trend with a mix of red and green but finished down 0.18% today. We had AIA lose down 1.46%, CIM -1.75% and TCL -0.95%. We did have quite a few green stonks though! We had BXB up 0.93% to finish at exactly $12, REH 0.16%,SVW 0.21% and ALQ 0.56% to finish it off. + Health Care just doing absolutely beautiful up 0.44% today giving us our first green sector! The only red stock was PME down 0.69% with some style. FPH had a massive day up 3.76% RMD 2.33% and RHC 1.67%, so overall a great day to be in healthcare and as usual lately it tries to carry the ASX on these red days. + +**Consumer Discretionary + Staples** + Discret. Finished down 0.5% today even though it had 3 green sectors including WES who was up 0.23%. We also had HVN up 0.87% and JBH 1.98%...but that’s where it stops and we had several big reds from CWN down 2.09%, TAH -1.62% and DMP -1.89%. + Staples coming through clutch like they did yesterday up 0.1%. COL decided it wanted a rest down 0.92% the slackers. However we had WOW up 0.41%, EDV 1.68% and TWE up 2.44%. A pretty small breakdown for the large caps, but slow and steady has been winning the race lately. + +**Financials and Technology** + Financials down 1.73% today and hooooollly shit! Did MFG get a clapping or what, down 10.15% after quite poor results considering the premium the stock trades at. I got caught last earnings season with them and wasn’t gonna risk it this time and thank the taco gods for that! MPL was the biggest winner for the day up 0.57% while most stonks were red and in bed. + +Tech down 0.99% doing its own thing as usual. We had APT the most flat somehow only down 0.19%, whereas WTC was down 2.91% and their daily chart looks like a nice waterslide. XRO down 1.49%, CPU -0.99% and NXT -0.99% as well to join the party and get refreshed. + +**Communication services, Utilities & Real estate** + +Communications up 0.24% today because the meme sectors are the best sectors! It was largely thanks to CAR though who were up 3.45% and SEK to a smaller extent up 0.87%. We had our usual slow shitters like TLS down 0.25% and TPG down 0.77%. + Utilities got bullied today, probably by real estate as they finished down 1.31%. Largely thanks to MEZ and MCY who were down 3.47% and 5% each, not a good day to own stocks starting with M apparently. The rest of the sector was all down by over 1% except for AST who were only down 0.52%. + Real estate giving us our usual win to finish the day off! Down 0.96% and it was just a beautiful sea of multiple red variants. We had bright reds in LLC and MGR down 1.63% and 1.64%. We had some darker reds from GMG down 0.8% and SCG -0.78%. Then we had some almost black reds in CHC down only 0.3%. + +“The stock market is a device for transferring money from the impatient to the patient.” -Warren Buffett! +Read the DD by mitch\_smc at [https://www.reddit.com/r/ASX\_Bets/comments/la0ura/race\_oncology\_dd/](https://www.reddit.com/r/ASX_Bets/comments/la0ura/race_oncology_dd/) + +Also read the 150k yolo by theoriginaluser01 at [https://www.reddit.com/r/ASX\_Bets/comments/lahw52/yolo\_bet\_150k\_on\_rac\_174\_85000\_shares/](https://www.reddit.com/r/ASX_Bets/comments/lahw52/yolo_bet_150k_on_rac_174_85000_shares/) + +Watched the following which has really good info and thought Yolo. + +Anyone else in RAC? + +[https://www.youtube.com/watch?v=XkE8KMUPNg8](https://www.youtube.com/watch?v=XkE8KMUPNg8) + +[https://www.youtube.com/watch?v=lj6fYA4uQ\_A](https://www.youtube.com/watch?v=lj6fYA4uQ_A) + +[https://www.youtube.com/watch?v=KuwY9dbu9Hs](https://www.youtube.com/watch?v=KuwY9dbu9Hs) + +&#x200B; + +https://preview.redd.it/6wi5q9nw8kf61.jpg?width=1125&format=pjpg&auto=webp&s=307fbde19048dc602e4b67c48ce03b1f367df0b7 +Hey all, + +&#x200B; + +I recently got a job offer, and accepted. My pay will spike significantly from $18k post-tax to $54k post-tax. I already plan on socking away 25% into my 401k (the max I can at this company) and maxing an IRA, but this still leaves me with (very roughly) 30k to do as I please. + +&#x200B; + +I already plan on spending a bit more to let myself enjoy life, but how much exactly is still up in the air. I won't need a new apartment, as that's taken care of. Any advice would be appreciated! + +&#x200B; + +Edit: Now I see what people mean by "RIP my inbox." Will try to respond to as many comments/questions as I can. A few things: + +1) My savings are already automated, even if it is only a little bit per month. + +2) The company hard caps pre-tax contributions at 25% per check, I make up the difference in maxing it post-tax. + +3) I don't plan on living "miserly", I know I definitely need/want a higher budget. Just trying to determine how to manage it/how much to increase it by. I've seen comments ranging from 10-25%, so I'll work something out. + +&#x200B; + + Thanks for the advice everyone! +Preface: I'm not very knowledgeable about all this, just starting to look into it, so mostly just wondering if there's something I'm missing here. + +I live in a major city (Seattle), housing is really expensive (especially in the current real estate climate), I get it. But I also make good money, am still young, have lots of career growth to come, and work in a high paying industry with a lot of opportunity. + +But yet... Looking at mortgage calculators and the like online, and comparing to house prices around the metro area, I just don't get how people are able to afford it, at all? But yet I know my older colleagues (say 5-10 yrs older, as a range) all have houses, and I also know roughly their salaries. Something doesn't add up... These so called mortgage calculators seem like houses around here would be out of even their price range. + +To be fair, maybe they bought when prices were lower, but (correct me please if I'm wrong) even tho prices have gone up, they've always been high in major cities in recent history. + +So... Am I missing something? Or do I really need to be making $250k+ to even start to think about getting a house around a major city? + +I'm sparse on personal details here for privacy but if certain details would help, let me know. I'm starting to think my only option is to wait for some sort of price collapse. +Hey, so starting an resp for my son and just opening an investing account. I understand that the government will give you 500$ a year when you deposit 2500 up to 7500$ total over the lifetime of the account with a total account deposit limit of 50,000. + +There is no annual deposit limit so you are allowed to deposit 50,000 right off the bat , but you would only get 500$ grant money and be 'losing' 7k free money. + + Now since lump sum investing beats out DCA, I would assume just dropping 50k in the account and letting it grow for 17 ish years would be best. I don't think I could do that but I could probably swing 15k ish. Would that be the best strategy?, deposit as much as I can to start then do the 2500 a year thing to get as much grant money as possible? Or am I overthinking this too much and just do 2500 a year and get all the grant money ? + +Planning to invest in just general equity efts or TD e series as this account is with TD direct investing. + +Thanks +I want to be just a buy and hold sp 500 guy but feeling bearish about the future… + +Does anyone hold Jepi, qyld, nusi and take dividends but have a set sell point if capital drops too low? + +Thinking of trying to make 7 percent each month and going to cash if price per share drops too low for my comfort +I sold a cash covered strangle -- a put and a call -- on an individual stock that suddenly rallied 30%. This resulted in me in buying back the call at 20x the sell price. + +How do you manage such situations? Should I stop selling calls on individual stocks? Maybe Jade Lizard? +Trading some but I'm being extra cautious and not trading my maximum funds. Got burned bad on previous Fed weeks so I figure caution is a good thing for a couple days. Likely the news won't be good when Powell gives his report. What is everyone else doing? +We are in our peek earnings year. I’m 46, she’s 48. Kids are 10 and 12. We both usually max out our 401ks and SS limits in the first/second quarter. We have almost no debt, $450k on a home worth $1.6+ at 2.25% for 19 more years. Total liquid investments of about $3 million+ and then some illiquid stuff that’s hard to value but likely close to another $600-$1 million. + +However we are sitting on $300k in cash. IN CASH! Granted this year that’s been fine but WTF? + +We both work in finance and I know she knows the math but come on. I remember when we opened the first 529 in 2010. She was worried that because of 2008 that the money may go down. What’s happened since, half the 529 is growth. We have in state covered for my 12 year old and will likely have my 10 year old covered in 3-4 more years. + +Do we have other sources of liquidity? Yes. A $200k untapped heloc plus negotiated margin rates on our brokerage. Would I want to go in debt for an unexpected emergency? No but our cash flow is such that even if we maxed out the heloc we could pay it off in 12 months on two income and maybe 24 months on one. Or of course sell investments if the markets are up. + +How do you convince your spouse by carrying an extra $150-$200k in cash for the last several years we’ve missed out on maybe $70k worth of growth? So far I’ve just played around the edges (paid off a partnership interest loan a bit faster, bought ibonds). But I look at the stock market today and want to throw $100k at it. + +Any advice on how to convince my wife we’re too conservative? I am also realizing this is going to get worse once we retire. We should be on track to retire around 51ish but I think this cash conversation will get worse when the income stops. + +Edit: thank you all for the reality check. $300k is 6% of our net worth. She’s not wrong and maybe I’m not either but happy wife happy life. I shall pick up and move on and chip at the edges. Thank you. +There is a rather unique home that has been on the market for about a month. The style is attractive to me and my wife, but would be off-putting to many other buyers. The problem is that the seller is insistent on an exorbitantly high price - the highest price per square foot in our market, and much higher than new construction. He's anchored to what it cost to build (custom, a lot of details, etc.) + +We offered (what we think is) a generous cash offer in comparison to comps, but that was 30% under his ask. His only counter was to offer to seller finance the remaining difference between our offer and his list. + +His agent is friendly with our agent, and told her that we have been the only offer as well as the only people who have expressed any real interest. She also indicated frustration with his price and refusal to counter. Our agent thinks all we can do is let it sit for a few months and wait for him to drop it. + +This is a house we'd love to have, but not enough to set our money on fire for. Has anyone dealt with a similar situation? We've thought about offering him appraisal plus 10%, but I'm sure he'd walk if he didn't like the appraisal value. + +EDIT: Probably should have mentioned this in the main post, but its a deceased family member's house he's selling as part of probate. +A friend reached out about a secondary market investment in spacex. Minimum is $150k, we would split it 50-50. Would be at a ~$100B valuation. 20% carry, plus a one time 10k fee. + +I’ve never made a private investment like this. How should I evaluate it? NW 2m, income 700k/yr, expenses 100k/yr. I think I can afford it, but it’s illiquid and would be locked up for a while possibly +In the past two years I have seen the often stated fatfire target rise from $5m to $10m. + +$10m at 4% SWR and 20% Tax (assuming 100% LTGG) is some $27k a month ($320k/year) of after tax spending. + +Seems like a lot to me. + +How does a $320k a year fatfire spend break down? +Hi all, my annual rent has been around 4% of the asking price of otherwise similar flats on sale. For example, I used to pay £1,300 pcm for a one bed that would market for at least £380,000. That’s a 4% annual yield (1300x12/380000). + +Compared to renting, buying the flat seems a terrible decision. I would need to pay heavy transaction costs, including stamp duty, and then pay for ongoing costs that my landlord takes care of, including maintenance, ground rent, or property taxes. + +I’ve worked out the numbers, and these ongoing costs can amount to 1% of a property’s price per year. + +So when I run my own opportunity cost analysis, by renting my net annual cost is 3% of the property price (4% of rent minus 1% of ongoing costs that I would need to cover if I buy). + +This means that I would need to rent for 33 years to pay a rent amount equivalent to the house price (100%/3%). Add to the opportunity costs that instead of paying a large deposit for a house, I could invest it in stocks, and so earn a higher return and be more diversified. + +33 years is a long time. So the only reason buying would make sense is if I expected large property price growth, but it doesn’t seem very clever to enter an overlevered, illiquid, inflexible, undiversified investment on the basis that it has to increase in value a lot or otherwise I will be worse off than with other alternatives. + +I may be missing something, thoughts? + +To be clear, I am not against property purchase. I just don’t get why in a few seemingly overpriced ‘global’ cities people still do it. Speculation? Feelings? Or is there a finance component I am ignoring? +Hi, +I’ve just moved to the UK so I’m not familiar with the TV licence concept. I don’t watch live streaming normally. But I’m interested in watching the World Cup later this month. As it’ll be broadcasted on ITV and BBC, Can I just pay the TV licence for only this month? Or I have to continue paying for a whole year? +Thanks! + +Edit: I don’t have a TV. So I’ll be watching online and will probably need to create an iPlayer account +There are lots of success stories around here, and sometimes an "how did you get rekt?" thread. But have you consistently been so bad at crypto that it made you laugh out loud and call yourself a dummy? So I thought it'd be cathartic to go down memory lane and write down my painful crypto story, which, as the post title says, is pretty much a textbook guide of what NOT to do. You can read, laugh and who knows, maybe even learn something. + +&nbsp; + +1) I bought the literal top in December 2017. You know that running joke in crypto how a coin tanks as soon as you buy it? My first BTC buy was on December 16th 2017. Check the charts. I sometimes wonder if I single-handedly fucked the market. + + +2) I initially bought BTC and ETH. As I was an early adopter of the "buy high sell low" philosophy, I panic sold my BTC shortly after. Then I proceeded to use my precious ETH to chase pumps and shilled shitcoins, signing up left and right on obscure exchanges in the process, and you guessed it, always buying the top of trending alts. To name a few of my shiny early acquisitions: BNTY, DBC, PRL. Thanks /r/cryptocurrency daily discussions! + + +3) In my everlasting quest to being a super early adopter and smarter than everyone, I had an ICO phase. What's an ICO phase you ask? That's when you share a photo of your passport and your face with complete strangers on the Internet (KYC process, for those unfamiliar), in order to obtain the privilege to invest in their Initial (Shit)Coin Offering, supposedly at bottom price, before they're listed on any exchanges, with little to no guarantees that they're even legit. +I did however always do diligent research: I ensured the project websites had cool animations and logos, that they used words like "industry-disruptive", and that their subreddit top 10 posts of all times had at least 9 hysterical price predictions. What do I have to show for it? The pride to have sponsored the lavish lifestyle of some "blockchain entrepreneurs", and that my passport is probably used nowadays to rent hookers in Moldova. + + +4) I stayed too long involved in idealistic and promising, but dying projects (Elastos, Elix, HorizonState, FunFair, Babb). I am ashamed just writing those names down. + + +5) I bought literal scams, like XTRABYTES and SUBSTRATUM. I'm only missing BITCONNECT for scam bingo. If you guys have a bridge to sell, let me know, I might be interested. + + +6) The few successes I had, I was too greedy and didn't cash out any profits. I saw NANO do an 8X, then watched it crash back to below my buy price, with a surprised pikachu face all the way up, and all the way down. I by the way almost lost all my Railblocks in the Bitgrail disaster, but thankfully transferred them right before it happened (possibly my "smartest" move to date, completely accidental). + + +7) I screwed up some decimals when placing orders on IDEX, buying for way higher than market price. + +8) I placed some buy orders that never filled because I had set them as Limit instead of Market. God I've done this so many times. I was once even so dumb that I contacted Binance customer service to ask why the order didn't fill… + + +9) During a coin swap process, I lost private wallet keys, and wrongly updated my passphrase. + + +10) I wasted so much in transfer fees moving coins in and out of MEW and between exchanges back and forth, most of the time for no good reason. + + +11) I signed up for all kinds of worthless airdrops that only filled my mailbox with spam. + + +12) And last but not least, the grand finale: I bought a ledger, but never used it! That's right, I was going be a millionaire, you see, I had to get ready to store all that digital gold. It's still in its plastic wrapping, in my bedside table drawer, staring at me like the [disappointed cricket fan meme](https://www.samaa.tv/wp-content/uploads/2019/06/Sarim-Akhtar.jpg) every time I open it. + +&nbsp; + +Now, what I did right (I think): + + +&nbsp; + +- I DCAed for a while after the early 2018 crash. As it kept crashing, I eventually stopped throwing good money after bad. + + +- Whatever shitcoins I had that still had value, I converted them to serious projects like ETH and VET, and I held. + + +- I fucking stopped trading. How I thought this was something I could do, having literally zero experience on financial markets, is hilarious in retrospect. + + +- During the long winter bear, I looked at prices only weekly, and kept up to date with general news, but without obsessing. A bit like polishing your meat to an ex-girlfriend you stayed in good terms with, but without the tears. + +- I did a lot of reading on crypto throughout the whole ordeal. It's fascinating and despite my financial misfortunes, I'm a firm believer in the future of crypto. + + +- I bought some ETH when it dropped to $150 early 2020. + + +- I'm the proud owner of 5000 DOGE. + +&nbsp; + +Where am I now? Almost breaking even. It took more than three years in the red, but thanks to DCA, holding, and sticking to solid projects, I stayed afloat and it will eventually, hopefully, make up for all the stupid mistakes I made. When I finally break even, I'll reduce my position, keep some ETH, post on crypto forums what a boss I am for being in the green, and that will be the end of a rather long and agonizing learning experience. + +&nbsp; + +Thank you for reading :] + +&nbsp; + +EDIT: added a link to the disappointed cricket fan meme +The founder of the sharemarket's latest buy now, pay later player, Laybuy, has predicted the UK market can deliver the stratospheric growth investors crave. + +"The big growth engine for our business right now is the UK," founder Gary Rohloff said. "And that's where post-COVID I'll be heading back to with my wife and younger son to assist the team through the UK and Europe. + + +Gary Rohloff says Laybuy is targeting the UK because it is larger and less competitive than Australia. + +"We started this business with a dream of creating a global brand and that's what we want to achieve." + +Shares vaulted 39 per cent higher to $2.14 in lunchtime trade on Monday, with the founder declaring he wanted to get the business profitable "as soon as is sensibly possible". + +After raising $80 million at $1.41 per share, Monday's float gave Laybuy an enterprise value of $199.9 million on 12.3 times revenue of $NZ17.3 million ($15.9 million). By March 31, Laybuy had 250,000 active customers in Australia and New Zealand and 153,000 in the UK. + +*For the financial year to March 31, Laybuy's net loss widened to $NZ16.2 million, versus $NZ3.6 million in financial 2019. The loss ballooned as bad debts as a percentage of gross merchant value (GMV) surged from 1.3 per cent to 4.1 per cent of $NZ226.6 million in GMV in financial 2020.* + +"When we went to the UK we were surprised with the level of fraud," Mr Rohloff said. "Huge in comparison to our experience in New Zealand and Australia. We closed that gap very rapidly, but not without some pain." + +Laybuy uses Experian to conduct credit checks on consumers and has recently onboarded software used by Airbnb and Uber to offer improved protection from identity fraud. + +As a result, Mr Rohloff said the 4.1 per cent figure had already fallen by more than half, but could not divulge an exact figure, as it was not included in the prospectus. + +Laybuy lets consumers pay in six instalments over six weeks and can recycle its capital base 21 times a year. This is marginally faster than Afterpay, which offers consumers, on average, slightly longer fortnightly repayment options. + +The New Zealand player has a $NZ20 million receivables funding facility from Kiwibank and £80 million ($145.4 million) facility in the UK on top of pro-forma cash of $NZ55 million. This means it can fund $NZ4 billion a year in GMV, versus a run rate of $0.5 billion. + +Mr Rohloff said the interest payable on the receivables funding was "in the single digits" and pointed to the headroom in GMV growth in terms of its capital funding position. + +https://www.afr.com/markets/equity-markets/laybuy-founder-says-buy-now-pay-later-sector-just-getting-going-20200907-p55sza +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +The bubble will burst my apes, but with style. +Once we squeeze gme to the moon, and the others like AMC, it will be the biggest squeeze of all time and with multiple stonks we like. But I believe, that this is rigged af. So rigged that it's going to happen when the bubble is the biggest. And they will blame it on us. + +I can see the future news: reddit apes responsible for stockmarket crash +And there will be lots of propaganda and probably some changes to the stonkmarket. + +We are retailers, apes together strong. But we have no power to crash a stonkmarket, or do we? +Yes, it sounds exactly like what it sounds. But let me tell you why Bogged is not going to end with you bogged. + +Firstly, it's got great meme potential. And the [contract code](https://bscscan.com/address/0xd7b729ef857aa773f47d37088a1181bb3fbf0099#code) was written from scratch to be extensible as they lay out the groundwork for the future of the bogged ecosystem. + +It's on BSC which is showing great promise. Yes, it's slightly deflationary token, that redistributes some tx fees to stakers of the BOG-BNB Pancakeswap LP. + +This means that the amount of $BOG in circulation will go down over time. The liquidity has been locked, and the developers are pretty damn responsive in Telegram. + +They haven't revealed all their plans, it's only launched an hour ago. The contract looks super legit. (legitimately, go read it) And the first "upgrade" they've made to the protocol is giving out $NGMI to people who sell the bogged token as a bit of a joke and tech demo for the protocol. + +It's only launched an hour ago. Go check it out. + +[https://bogged.finance/](https://bogged.finance/) + +[https://t.me/boggedfinance](https://t.me/boggedfinance) +I used to live on r/superstonk, like legitimately checking it every 30 minutes for updates. I’ve been a Knight of the New, a January veteran, and full smooth brain from the start. + +I haven’t checked this sub in probably a month at this point and I’m sure there are thousands like me. However, I still buy and hodl every paycheck. At this point I’m an xx,xxx hodler. + +The economy is falling apart and like a phoenix, GameStop will rise from the ashes. + +Just wanted to check-in and let all you more frequent visitors know I’m still with ya 💎 +Something I wanted to mention which I tell people in stocks all the time. If you bought into something with a certain belief and get nervous when the price falls when NOTHING in the fundamentals/story has changed, you really have nothing to worry about. + +That being said, I'm not so well-versed with cryptocurrency/ethereum. Those of you following the intricate details of the idea, HAS anything changed in the fundamentals, or are we looking at some sort of consolidation? +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! + +I've seen quite a bit of post here promoting that if you are not happy with your role or is stand still in your current job, to change or learn something new to upskill. + +I'm my personal experience, it's easier said than done. I have applied over 100 roles since Sept till now and have not once received any invite for interview. + +Have applied for roles in Operations and change management, data Analytics, Team leader roles for credits / customer success in banks and other financial institutions but not once have had any success. +All my resumes / cover letter get updated to align with the position, just getting really frustrated. + +I have proficiency skill in Excel such as VlookUp/Index Match, Pivots/Macros etc and have understanding of SQL (currently learning advance SQL/language R) but I can't seem to land anything.. + +Just so exhausting +Russia started bombing weak spots all around Ukraine during sunrise. So that means there is a full scale war now in the country. That also means worldwide economic tensions caused by further supply chain shortages, war effort, and overall volatility from the unknown. + +A reminder for crypto new comers who are getting absolutely pantsed and turned around right now. + +Selling at a loss historically makes no sense. Overtime crypto and the overall stock market and real estate. It all bounces back. + +Time in the market over timing it. Instead of thinking you know what’s gonna happen. Just buy some here and there. And in 2025 maybe we we all be better off for it. + +All of that being said I’m so sorry if you live in Ukraine I cannot even imagine being a smaller country being brutally attacked by a large and vicious neighbor with no remorse. + +Fight if you want, escape if you can. Russia kills civilians and supporters of anything western. Just a week ago the US exposed a list of Ukrainians Russians were to kill and put in camps after an invasion. + +Please don’t think it cannot happen. Be safe and be smart. Fight hard the Russians are just people. + +Dear Ukrainians! + +If you seek asylum - go towards polish border. They have reception points ready at the border where you can find shelter, food, medical and legal aid. +Polish government launched a dedicated site to help you: ua.gov.pl + +Please share this information if you know anyone seeking help right now. + +EDIT: YOU DON'T NEED VISA TO PASS THROUGH POLISH BORDER. ALL YOU NEED IS PASSPORT. VISAS ARE SUSPENDED! YOU DON'T NEED THEM FOR TIME BEING!!!!!! + +EDIT2: as a proof that you no longer need visa: + +• ⁠in Ukrainian https://www.gov.pl/web/udsc/ukraina---ua • ⁠in English https://www.gov.pl/web/udsc/ukraina-en + I saw on a thread that an ape called u/[**JustANyanCat**](https://www.reddit.com/user/JustANyanCat/) has been looking at the Chinese GME group called FUTU which has 1.2 Million users. He has been translating some of it and it appears that Chinese apes are starting to DRS their shares. Here is what he wrote. + + + +"I just downloaded the app and checked out some of the posts + +While most are just the normal hype comments about buying and talking about the prices, there are some DRS comments + +For example there's this: [https://q.futunn.com/en/feed/107722910729400?data\_ticket=271308d47d8a43848f2aaa51d67f437a&futusource=nnq\_comment\_stock-rec](https://q.futunn.com/en/feed/107722910729400?data_ticket=271308d47d8a43848f2aaa51d67f437a&futusource=nnq_comment_stock-rec) + +繼續DRS + +轉下轉下已經一共有三千幾股，早幾日入嘅貨入咗千幾股。 DRS完感覺覺得安心咗。 + +Translation (sorry if I translated inaccurately): + +Continue to DRS + +Transferred and transferred a total of 3000 shares already, a few days earlier there's another few thousand shares on the way. Feeling at ease after DRS completed. + +. . . . . . . . . . . . . + +Edit: Here's more DRS comments. For some context, it's the Chinese New year period now, so there's lots of comments celebrating about happy new year and the Year of the Tiger + +虎年大吉 SH DRS 🟣 + +(Translation: Prosperous year of the tiger SH DRS) + +[https://q.futunn.com/en/feed/107722035494916?data\_ticket=271308d47d8a43848f2aaa51d67f437a](https://q.futunn.com/en/feed/107722035494916?data_ticket=271308d47d8a43848f2aaa51d67f437a) + +SH GME 凸一3一凸 :$遊戲驛站(GME.US)$ 我股少，但剛剛DRS咗300股，希望幫到手！❤️ + +(Translation: I have a few shares of GME, but I just DRSed around 300 shares, hope it helped!) + +[https://q.futunn.com/en/feed/107723121033220?data\_ticket=271308d47d8a43848f2aaa51d67f437a](https://q.futunn.com/en/feed/107723121033220?data_ticket=271308d47d8a43848f2aaa51d67f437a) + +$遊戲驛站(GME.US)$ 新年快樂 741 DRS GME to the moon + +(Translation: GME Happy new year 741 DRS GME to the moon) + +[https://q.futunn.com/en/feed/107717945721636?data\_ticket=271308d47d8a43848f2aaa51d67f437a](https://q.futunn.com/en/feed/107717945721636?data_ticket=271308d47d8a43848f2aaa51d67f437a) + +$遊戲驛站(GME.US)$12119股 大長鯨魚DRS證據各位淡淡大淡淡你們覺得我們無法完全登記那你們就大錯特錯內地猿一起登記起來壓倒啃泥最後稻草一定是華人所為.................... 看不懂的散戶跟淡淡 奉勸賣出持股給想登記的人去買 不要在這裡唱淡 甚至勇敢一點曬空單 我個人會佩服曬空單的人 + +(Translation: GME 12119 shares, here is evidence that a big whale has DRSed, everyone who's been feeling weak, if you think that we will be unable to completely register then you are very wrong and especially wrong, mainland apes are registering together to topple Kenny, the last straw will definitely be the doing of the Chinese.................. Retail investors that do not understand as well as people who don't believe, please sell your shares to those who will buy and register, don't spread your comments here. Be even a little brave to hold a short position, I personally will respect people with a short position.) + +[https://q.futunn.com/en/feed/107703574986756?data\_ticket=271308d47d8a43848f2aaa51d67f437a](https://q.futunn.com/en/feed/107703574986756?data_ticket=271308d47d8a43848f2aaa51d67f437a) " + +· +# Prologue: Power to the Players + +&#x200B; + +I can't tell you what to do, and I'm not giving you financial advice. I'm only expressing my personal opinion as if we were having a conversation at dinner or at a bar. I'm an active shareholder of Gamestop stock, and I like the stock. + +&#x200B; + +r/Superstonk moderators have supported this post via the Not-A-Cat Golden Bananya award that can be only given by a moderator. + +&#x200B; + +I believe the strategy of buying or transferring as many GME shares as I can from or to Computershare, holding and not selling a single GME share until the price of GME is at least 8 figures USD, and buying products from gamestop.com or brick-and-mortar Gamestop stores is the way to financial freedom and the utter annihilation of the hedge funds that have naked shorts open on GME. I know that if I sell too early it will be disastrous to not only the maximum height but also the upward momentum of the price of GME during the Mother Of All Short Squeezes (MOASS). All info published here is publicly available and was verified by crowdsourced research, financial experts, or the SEC. For example, a quick Google search will discover that "A short squeezer must not only learn to predict and identify short squeezes but also pick the right time to sell the stock, which is at or near its peak." + +https://www.investopedia.com/articles/stocks/08/short-squeeze-profits.asp + +&#x200B; + +**Direct Registering Shares (DRS) on Computershare is the key to the biggest short squeeze in history.** + +https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/ + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/ + +&#x200B; + +**Computershare is a COMPETITOR to the DTC! Comment Paper from 2008. DRS to Computershare is a big F U to DTC!** + +https://www.reddit.com/r/Superstonk/comments/pw0opj/computershare_is_a_competitor_to_the_dtc_comment/ + +&#x200B; + +**These "bear raids" can become particularly catastrophic when management teams and shareholders successfully diagnose the existence of the naked short selling attack and decide to outwit the perpetrators of the fraud by digging deep into their own pockets and buying and attempting to register every share in sight.** + +https://www.sec.gov/rules/proposed/s72303/decosta122203.htm + +&#x200B; + +**The SEC admits the short sellers never closed their short positions! It was the positive sentiment, not the buying-to cover, that sustained the weeks-long price appreciation of GameStop stock.** + +https://www.sec.gov/news/press-release/2021-212 + +&#x200B; + +**When you wish upon a star - a complete guide to Computershare.** + +https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/ + +&#x200B; + +**Transferring shares to ComputerShare - A step-by-step guide for most brokers (Fidelity, TDA, Webull, Wealthsimple, IBKR, etc).** + +https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/ + +&#x200B; + +**You voted with your dollars to support #GameStop. Did you know you can buy shares directly from them (and other co's)? There is an option that lets you make small, regular contributions to your portfolio, too: https://t.co/kOYxjkknSa?amp=1** + +https://twitter.com/SusanneTrimbath/status/1402722397426360321?s=19 + +&#x200B; + +# I. + +&#x200B; + +# It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. + +&#x200B; + +If you have received this message, you have impacted my life, and I am grateful to have you in it. + +&#x200B; + +The complexity of the financial system has made the financial crisis of 2008 inscrutable, and I believe that is one of the reasons why the people responsible for it have not been criminally charged despite decimating countless lives. The economic crisis in Europe and North America in 2008 led to more than 10,000 extra suicides, according to figures from UK researchers. + +&#x200B; + +https://www.bbc.com/news/health-27796628 + +&#x200B; + +It's believed that Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." I want you to understand why Gamestop is important to me. My letter to you contains a lot of information, but I have tried to make it easy to understand. I am an English, Creative Writing major, and I take pride in the logic and clarity of my words. I will release a short video summarizing everything I know in the future. + +&#x200B; + +https://twitter.com/ryancohen/status/1411737540210561036 + +&#x200B; + +# II. + +&#x200B; + +# Do you find it strange that several brokerages did not allow people to buy shares of Gamestop⁠—yet still allowed them to be sold⁠—at the beginning of 2021? + +&#x200B; + +How does such a thing happen in the United States—a "free country?" In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority and from all forms of economic privilege, monopolies, and artificial scarcities. The demand to purchase shares of Gamestop was extremely high early in 2021, yet Americans and many others across the world were not allowed to buy any at one specific point in time. Was there a lack of supply of GME stock? If there is a decrease in supply while demand remains the same or higher, usually the price of that product increases: for example, water is more expensive at an outdoor music festival in the summer than at your local grocery store in bulk. There are other ways of dealing with lack of supply besides outright halting the purchase of a stock. + +&#x200B; + +https://www.investopedia.com/ask/answers/040215/how-does-law-supply-and-demand-affect-stock-market.asp + +&#x200B; + +I am quite sure that the halting of the purchase of shares in a company⁠—while still allowing them to be sold⁠—has never happened before in the United States. Many people were angry, frustrated, and morbidly curious as to why such an event would occur. Financial events that affect the United States have the potential to impact the global economy, so an event like halting the purchase of a specific stock can be expected to be scrutinized on the world stage. + +&#x200B; + +The halting of the entire stock exchange has happened a few times in the past due to war, 9/11, the pandemic, etc. but not individual stocks. This halting of buying Gamestop shares has led to congressional hearings, class action lawsuits, and further mistrust in what is supposed to be a free and fair market. Investigating the motives of the people who would benefit from the general public not buying shares of Gamestop has led to some interesting findings. + +&#x200B; + +# III. + +&#x200B; + +# There is evidence that Gamestop was under threat of undergoing a short squeeze . . . and still is. + +&#x200B; + +A short squeeze is an unusual condition that triggers rapidly rising prices in a stock. For a short squeeze to occur the security must have an unusually high degree of [short-sellers](https://www.finra.org/investors/insights/short-interest) holding positions in it. These short-sellers—usually people with large amounts of wealth like hedge funds—made bets (using options or other financial derivatives) that Gamestop would go bankrupt. For the average investor, purchasing a stock makes him or her a profit if they sell the stock after the price increases. The opposite occurs when short selling a stock: makes you a profit if the price of the stock goes down, but loses you money if the price goes up. + +&#x200B; + +https://www.investopedia.com/terms/s/shortsqueeze.asp + +&#x200B; + +In my opinion, Gamestop had a high likelihood of going bankrupt in 2020 (with the share price going down to zero), especially with the market conditions associated with the pandemic at play and the comparisons to Blockbuster; however, Ryan Cohen—now board chairman of Gamestop—acquired a 12.9% stake in GameStop last year for $76 million and has a new vision to make Gamestop the "Amazon of gaming." His financial strategies have permanently increased the price of Gamestop's shares, which was a devastating turn of events for the short sellers. + +&#x200B; + +Short selling occurs when an investor borrows shares of a stock and sells it on the open market, planning to buy it back later for less money. Short-sellers bet on, and profit from, a drop in a stock's price: this is achieved via [financial derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp). Let's hypothetically assume that Gamestop has a farm of bananas with 70 million bananas, and each banana has a sticker with the Gamestop logo. Let's say that on 1/28/21 Kenny G (a short seller) borrows a hundred bananas from Gamestop's banana farm through a brokerage and immediately sells it to Susie Q. Hanna for $20 (resulting in Kenny G immediately getting $20 in his pocket), and he promises to buy it back from her later. + +&#x200B; + +If the price of those bananas drops to $10 one month later, Kenny can buy the bananas back for $10 and pocket the difference: this makes him a profit of $10. Susie is hoping the price of those bananas goes up. If the price of those bananas rises to $40, Kenny has to pay an extra $20 to buy those bananas back from her to close his short position: this results in a loss of $20 for Kenny and a profit of $20 for Susie. There is no limit to how much of a financial loss he can incur: it's only dependent on how high the price of the bananas can rise. Kenny must finally return the bananas to the Gamestop farm of bananas or to whomever originally owned them. I will return to this story later. + +&#x200B; + +Stock lending, borrow fees, conflict of interest of Citadel being both a hedge fund and a market maker, and other factors are significant but are beyond the scope of this message. + +&#x200B; + +According to CNBC, at least one of the Gamestop short sellers closed their positions already: + +&#x200B; + +https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddit-board-melvin-capital-closed-out-of-gamestop-short-position-tuesday.html + +&#x200B; + +According to CNBC, the short squeeze on Gamestop is over: + +&#x200B; + +https://www.cnbc.com/2021/02/09/gamestop-breaks-below-50-a-share-as-short-squeeze-comes-to-an-end.html + +&#x200B; + +Did I just write you a message for no reason? Am I wasting your time? Why would I say Gamestop was under the threat of a short squeeze . . . and still is? Didn't I just give you two articles from a reliable news source that stated the opposite? + +&#x200B; + +Allow me to help you understand why those CNBC articles are wrong. It is a fact that lying to the media is not illegal and is protected under the first amendment. The fines for lying to FINRA about your financial information are very low: it would be like making a profit of $1 million dollars and getting fined pennies for lying. Therefore, hedge funds and other similar investors are financially incentivized to provide false or misleading information. + +&#x200B; + +# IV. + +&#x200B; + +# The "Everything is a Cake" meme helps illustrate the practice of naked short selling. + +&#x200B; + +There are two numbers that would end all speculation on the Gamestop short squeeze: the true short interest and the number of shares of Gamestop owned by all retail investors. Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Historically, short interest as a percentage of float above 10% is fairly high, indicating that the the general sentiment is that a stock's price will fall in the near future; short interest as a percentage of float above 20% is extremely high. + +&#x200B; + +The public float is a term that refers to the number of shares of stock a company has issued to the public that are available for investors to trade: as of 7/19/21 it's 56.41 million shares of GME. Shares outstanding refer to a company's stock currently held by all its shareholders, including the public float and share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders: as of 7/19/21 it's 74.38 million shares of GME. "Insider" is a term describing a director or senior officer of a publicly traded company, as well as any person or entity, that beneficially owns more than 10% of a company's voting shares; for example, Ryan Cohen's shares of GME are not available for public trading, but he can use his shares to vote at the shareholder meeting. + +&#x200B; + +A class action lawsuit against Robinhood by The Rosen Law Firm confirms that GME was shorted 226% (and one other stock at 38%) as of 1/15/21. You may have heard of other "meme" stocks in the news, but GME is the only stock that is under threat of undergoing the biggest short squeeze due to its extraordinary short interest. Yahoo! Finance reports the same figure with short percentage of float at 226.42% and short percentage of shares outstanding at 101.92% as of 1/14/21. + +&#x200B; + +If you want the source from the lawsuit, click "View Complaint." + +&#x200B; + +https://www.rosenlegal.com/cases-2029.html + +&#x200B; + +Scroll down to page 7 for the list of securities with high short interest. + +&#x200B; + +https://www.rosenlegal.com/media/casestudy/2289_Robinhood%20-%20Initial%20Complaint%20-%20Market%20Manipulation%204835-8623-1514%20v.2.pdf + +&#x200B; + +The reported short interest of GME according to Yahoo! Finance was the following: + +&#x200B; + +Short percentage of float (Jan 14, 2021): 226.42% + +Short percentage of shares outstanding (Jan 14, 2021): 88.58% + +&#x200B; + +https://web.archive.org/web/20210129164718if_/https://finance.yahoo.com/quote/GME/key-statistics/ + +&#x200B; + +Short percentage of float (11/12/20): 297.13% + +Short percentage of shares outstanding (11/12/20): 103.52% + +&#x200B; + +https://web.archive.org/web/20201130212429if_/https://finance.yahoo.com/quote/GME/key-statistics/ + +&#x200B; + +At this point, you might be asking how a stock can be shorted more than 100%. The answer is naked short selling. In a healthy, well-regulated market, shorting a company more than 100% would be impossible. + +&#x200B; + +What is naked short selling? Much of the information I have provided to you can be found in Investopedia. + +&#x200B; + +Naked shorting is the illegal practice of short selling shares of stock that have not been confirmed to exist. Despite being made illegal after the 2008-2009 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems. + +&#x200B; + +Naked short selling has been plaguing the United States for decades now despite being illegal here and many other countries: it is a way for hedge funds to support or create monopolies in the economy and circumvent antitrust laws, which eliminates competitors and concentrates market power in any given sector of the economy. Naked short selling can reap unfathomable amounts of profit, and it is even more profitable if the company being targeted by naked short selling is bankrupted because taxes don't have to be paid on those profits. It has led to the premature bankruptcies of many companies (Blockbuster, Sears, Toys "R" Us, etc.), loss of American jobs, and further enrichment of the ultra wealthy. + +&#x200B; + +**Amazon, Bain Capital and Citadel Bust Out the Competition.** + +https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/ + +&#x200B; + +**Hedge Funds Stole the American Economy & Created the Richest Man in the World.** + +https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/ + +&#x200B; + +Remember our hypothetical example of Kenny G selling bananas to Susie Q. Hanna? There is more to our story! When he initiated the transaction on 1/28/21, he lied to Susie Q. Hanna because he sold her bananas that looked exactly like the real thing, but they were fake. Insiders and retail investors had already owned or bought every single one of the authentic, legitimate bananas (70 million) with the Gamestop logo sticker directly from the Gamestop farm. It's like the "everything is a cake" meme. Kenny G never owned or borrowed authentic, legitimate bananas from the Gamestop banana farm; in fact, he manufactured the bananas "out of thin air" by baking a cake that looked exactly like a bunch of Gamestop bananas. + +&#x200B; + +https://www.newsweek.com/everything-cake-meme-explained-through-jokes-1517441 + +&#x200B; + +The brokerage had a good relationship with Kenny, so it never double checked whether he borrowed authentic, legitimate bananas from Gamestop when it facilitated the transaction between Kenny and Susie. The brokerage that allowed Kenny G to borrow the fake bananas in the first place may threaten him with a margin call and will eventually force him to buy the bananas back at a loss (it doesn't matter that they are fake) if the price of Gamestop bananas rises to a very high price and remains there for a long time (possibly somewhere between $250 - $500 per banana or more). + +&#x200B; + +If the price of the Gamestop bananas is so high that Kenny is finally forced by his brokerage to buy them back from Susie, the price may rise at a rapid rate. Fearing that the price will continue its upward move, other short sellers will move to exit their short positions by buying back the bananas they have borrowed, which adds fuel to the fire and attracts more buyers (for fear of missing out) and pushes the bananas' price even higher. (This is one of the reasons Robinhood and many other brokerages restricted buying of GME shares early in 2021.) Because there are none of the authentic, legitimate Gamestop bananas left to buy back, Kenny is forced to buy the bananas he borrowed at any price (thousands, hundreds of thousands, millions of dollars) because the supply of real bananas is essentially zero, and the demand is extremely high. + +&#x200B; + +Kenny did not find himself in this predicament overnight. A long time ago, greed overcame him, and he manufactured millions of these cakes shaped like Gamestop bananas with a "high-frequency" oven that only people with special privileges like him can possess. He hoped an overabundance of the banana supply would dilute and diminish the price and increase his chances of winning bets with people just like Susie. It worked! The price was headed towards $0. Unfortunately, King Kong suddenly appeared in the autumn of 2020 with chopsticks up his nose, wearing googly eyes over his real eyes! Kong bought so many authentic, legitimate Gamestop bananas that the price was permanently increased above a threshold that left Kenny aghast. Many apes all over the world rediscovered how much they love the taste of Gamestop bananas ever since! + +&#x200B; + +Wes Christian, who I will talk about later in this message, describes naked short selling using the metaphor of xeroxing the title of one car hundreds of times then selling these non-existent cars to hundreds of people while owning one actual car the whole time. Most people would go to jail for illegally selling something they do not own, but naked short selling happens all the time in the US stock market. + +&#x200B; + +Naked short selling dilutes and diminishes the value of a stock because it introduces counterfeit shares into the total number of shares. + +&#x200B; + +Selling naked options creates unlimited risk. Therefore, these types of option strategies are considered appropriate for sophisticated traders with proper risk management and discipline due to the potential for unlimited losses. + +&#x200B; + +https://www.investopedia.com/ask/answers/050115/what-types-options-positions-create-unlimited-liability.asp + +&#x200B; + +**How the GameStop Hustle Worked: How hedge funds and brokers have manipulated the market.** + +https://prospect.org/power/how-the-gamestop-hustle-worked/ + +&#x200B; + +***Naked, Short, and Greedy*** **by Susanne Trimbath, PhD** + +https://twitter.com/SusanneTrimbath/status/1243312143098720256 + +&#x200B; + +Short squeezes can also be gradual. It's possible that Tesla's short squeeze was a long time in the making, and how long it took to get to the beginning of its short squeeze is difficult to say, but it took about a year or so for Tesla to reach the height of its short squeeze from its initial run-up in 2020 - 2021 with a peak price of $900. Its "reported" short interest was anywhere from 18 - 30%. Beyond Meat was also a recent infamous stock that underwent a short squeeze at one point after its IPO. + +&#x200B; + +# V. + +&#x200B; + +# Math, facts, and other verifiable evidence regarding the Gamestop short squeeze. + +&#x200B; + +It's mathematically impossible for the Gamestop short sellers to have closed their short positions. Using common sense, publicly available data, and examples of short squeeze(s) from the past, anyone in the world can figure this out herself or himself. I will give you one example of a short squeeze from the past, Volkswagen, to make general or broad comparisons with GME. I will also give you one example of how corrupt our financial system is. Lying, hiding of true information, refusing to enforce or change SEC rules and regulations, fining unethical or illegal actions very small amounts of money—the amount of corruption in our financial system is staggering. Many experts in finance have expressed their opinion that Regulation SHO did not do enough to address the corruption in the stock market, including naked short selling. Moving forward, I am hoping that Gary Gensler will enforce the rules and regulations of the SEC or enact change, but I am not necessarily counting on him to do the right thing. However, I know that I can count on myself to do the right thing. + +&#x200B; + +Once again, it has been confirmed with 100% certainty that the short interest of GME was at least 226% as of 1/15/21, which is an astronomical amount. + +&#x200B; + +The Volkswagen (VW) short squeeze, one of the most famous of all time, reached a peak of $1,261 from $254, and its short interest was just 12.8%. + +&#x200B; + +https://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/ContentImage/2.jpg + +&#x200B; + +How was the Volkwagen short squeeze so violent when its short interest was much smaller than Gamestop's? + +&#x200B; + +Although the conditions of the Volkswagen short squeeze are quite different from Gamestop, there are also similarities. The market failed to appreciate the true availability of tradable shares to cover these short positions. The available public float of Volkswagen went down to 1% of outstanding shares because Porsche made a surprise announcement that they they were going to increase their position in VW. The high short interest combined with the lack of available legitimate shares in the public float made one of the biggest short squeezes in history because Porsche owned so many shares in a highly shorted stock. + +&#x200B; + +What is the true short interest of Gamestop stock? How much of the available public float do you think has been bought up by investors in Gamestop all over the world? Unfortunately, the general public has no way of confirming this type of information in real time. The financial system is designed in a way to make information difficult to obtain, hide information, give partially true information, or simply report incorrect information (with the punishment of a small fine as a result). For example, access to the information in a Bloomberg terminal will cost you approximately $2,000 per month or $24,000 per year. + +&#x200B; + +If our financial system was transparent, honest, and fair, one potential way the world could have known how much of the available public float was bought by investors in Gamestop was by the voting in the Gamestop shareholder meeting. Unfortunately, with the way the counting of votes is conducted, the true number of votes may never be known. The number of votes a shareholder has corresponds to the number of shares she or he owns. The votes were counted up until 4/15/21. If the total number of votes exceeded 70 million, then that would have confirmed that there were no authentic, legitimate shares of Gamestop available to be bought. This is the number of total votes counted: 55,541,279. Each vote represents one share of GME. The public float was 54.75 million shares, and the shares outstanding was 70.03 million shares in April. + +&#x200B; + +https://news.gamestop.com/node/18956/html + +&#x200B; + +https://web.archive.org/web/20210413235152/https://www.marketwatch.com/investing/stock/gme + +&#x200B; + +Keep in mind that that's a huge undercount of the vote and number of shares that people own internationally. The potential Gamestop short squeeze is known worldwide. Not everyone voted, and not everyone *can* vote because certain brokerages simply don't allow it (especially international GME holders). The vote itself is bogus as Wes Christian said because they just throw out votes that exceed the number of shares in the public float. For example, if 531 million shares of GME were bought globally, the vote at the shareholder meeting would only account for roughly 55 million votes and the rest of the votes would be disregarded (which is exactly what happened this year). + +&#x200B; + +Who is Wes Christian? Wes is a fourth generation Texan, who has handled complex litigation in at least eight different states and two countries. Most of these cases have been in State or Federal Courts; some have been complex arbitrations. He is licensed to practice in 11 Courts across the U.S. and everywhere in Texas and New York. His primary focus in the last 11 years has been suing Wall Street for fraud. He has also handled many disputes involving breach of contract, fraud, wrongful death, intellectual property, breach of fiduciary duty and serious personal injuries or wrongful death actions. + +&#x200B; + +Journalist Lucy Komisar asked Wes the following question on behalf of redditors: If proxy votes far outnumber the float, how will that be handled by regulatory agencies? + +&#x200B; + +Wes Christian's answer is timestamped here: 01:22:27 - 1:24:00. Here is the full interview with Wes Christian's answer, and the YouTube link starts at Lucy's question: https://youtu.be/q8-JO3g5bm4?t=4947 + +&#x200B; + +Wes Christian bio: http://www.csj-law.com/attorneys/jchristian.html + +&#x200B; + +According to mainstream media and available public financial reports, the people or institutions that shorted GME closed all their positions in January or February, and the short squeeze is over. This is "evidenced" by reports of short interest being 14.18% as of 7/18/21 (which is still high actually). + +&#x200B; + +https://web.archive.org/web/20210716144701/https://www.marketbeat.com/stocks/NYSE/GME/short-interest/ + +&#x200B; + +If the mainstream media and the financial reporting to the public is the truth, then I have three questions: + +&#x200B; + +1) Why was buying of shares of Gamestop stock restricted at the beginning of 2021? + +&#x200B; + +2) Why was the selling of shares of Gamestop allowed at the same time buying of shares of Gamestop was restricted at the beginning of 2021? + +&#x200B; + +3) How did the short interest of Gamestop stock drop from a high at one point of 226% (as of 1/14/21) to 27.23% (as of Apr 14, 2021), but the peak price of the Gamestop "short squeeze" only reached $483? As a reminder, the height of the Volkswagen short squeeze reached a peak of $1,261 from $254 with a short interest of 12.8%, and the height of the Tesla short squeeze reached $900 with a "reported" short interest of 18 - 30%. + +&#x200B; + +The answers to these questions can be answered with everything I have told you or will tell in this message. + +&#x200B; + +To answer the question as to why buying of shares of Gamestop stock was restricted at the beginning of 2021, it must be noted that Robinhood CEO Vlad Tenev told the House Financial Services Committee in February that he had discussed the trade restrictions with the Depository Trust and Clearing Corporation (DTCC), which clears public trades, after it made a $3 billion margin call. However, DTCC CEO Michael Bodson told the committee in May that "the decision to restrict trading really was internal to Robinhood, we did not have discussions about that." Therefore, what Vlad Tenev told congress under oath seems to be false or misleading. + +&#x200B; + +According to speculation on the internet, the short interest in GME could be anywhere from 226% - 1,000%, and the number of shares of Gamestop people own around the world could be anywhere from 163 million - 531 million. You can find more information about Gamestop on the following websites (ask the people on the following subreddit which other subreddits are useful since linking to other subreddits is banned): + +&#x200B; + +https://reddit.com/r/Superstonk + +https://youtube.com/c/Superstonk + +https://youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA + +https://youtube.com/user/lucykomisar + +&#x200B; + +Numerous people all over the world have written about how short interest can be faked, lied about, or hidden. It's widely believed that all short positions must eventually close, but short sellers have tricks up their sleeves to "kick the can down the road" and delay closing their short positions—most likely to delay a short squeeze or to convince retail investors to give up and sell their shares. If there is a dire lack of supply of authentic, legitimate shares of Gamestop stock, the only way short sellers can close their short positions is if people sell their Gamestop shares: the less of a supply there is of authentic, legitimate shares of Gamestop, the more people can sell their shares for higher prices. If the supply of authentic, legitimate Gamestop shares is zero, then people can essentially name their price (no matter how high) when it comes to selling their shares. The evidence I will give you below all points to the fact that the Gamestop short squeeze was simply delayed—not stopped. + +&#x200B; + +If naked short selling didn't exist, Gamestop stock would be worth much more than its current listed price. The price of shares of Gamestop has been heavily manipulated and does not reflect the genuine value that would be manifested by organic supply and demand. The president of the NYSE has admitted this fact. + +&#x200B; + +https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/ + +&#x200B; + +The punishments for false reporting about short interest or naked short selling are extremely small fees compared to the overall profits that have been made via these tactics. The SEC unfortunately does not enforce the current regulations or is unwilling to enact change. Below are some of the most important math, facts, and other verifiable pieces of evidence we have about false reporting about short interest, naked short selling, and other corrupt practices associated with Gamestop securities. + +&#x200B; + +In my opinion, the crowdsourced research about the Gamestop short squeeze produced by redditors is the second most important crowdsourced research project in the history of mankind second only to Wikipedia. + +&#x200B; + +**I found the entire naked shorting game plan playbook posted on a forum in 2004. They called it "Cellar Boxing". + Yahoo / Morningstar censoring GME data depending on your IP. It's not a glitch.** + +https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/ + +&#x200B; + +**"Eliminate ALL Naked Short Selling(NSS) in ALL markets" by Joseph Carvalho (2008): Many of these companies have their share prices driven down systematically to price per share between 0.0002 and 0.0001(or less) and held there in a vice-like grip resulting in CELLAR BOXING.** + +https://www.sec.gov/comments/s7-19-07/s71907-1220.htm + +&#x200B; + +**A letter on the SEC’s WEBSITE begging them to do their job in 2008, calling out naked shorting, FTDs, cellar boxing, and even suggesting the Secret Service get involved since it constitutes counterfeiting. We aren’t the first to uncover any of it…the SEC has known all along; they just didn’t care.** + +https://www.reddit.com/r/Superstonk/comments/pmsmpj/a_letter_on_the_secs_website_begging_them_to_do/ + +&#x200B; + +**The Securities and Exchange Commission today issued a Risk Alert to help market participants detect and prevent options trading that circumvents an SEC short-sale rule. The trading strategies observed by the OCIE staff may give the impression of satisfying the Regulation SHO “close-out requirement,” while in effect evading it. These sham close-outs violate the SEC rule, which aims to ensure that trades settle promptly, thereby reducing settlement failures.** + +https://www.sec.gov/news/press-release/2013-151 + +&#x200B; + +**Almost everything posted by this reddit user is useful:** + +https://www.reddit.com/user/atobitt + +&#x200B; + +**A House of Cards parts I, II, & III in PDF.** + +https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/ + +&#x200B; + +**Looks like the recent RobinHood Class Action SI Report just proved /u/broccaaa's data. That the shorts haven't covered, that they hid SI% through Deep ITM CALLs, and SI% is a minimum of 226.42%.** + +https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/ + +&#x200B; + +**The Puzzle Pieces of Quarterly Movements, Equity Total Return Swaps, DOOMPs, ITM CALLs, Short Interest, and Futures Roll Periods. Or, "The Theory of Everything"** + +https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/ + +&#x200B; + +**The naked shorting scam in numbers: AI detection of 140M hidden FTDs, up to 400M naked shorts in married puts and massive dark pool activity by Shitadel and the shorts.** + +https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/ + +&#x200B; + +**The start of the SWAPs: packaging 'meme' stocks up into toxic debt bundles. It's 2008 all over again!** + +https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/ + +&#x200B; + +**Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.** + +https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf + +&#x200B; + +**SuperStonk library of important crowdsourced research or "DD," art books, magazines, and periodicals in a page-flipping PDF format!** + +https://fliphtml5.com/bookcase/kosyg + +&#x200B; + +**Dr. Jim DeCosta and Associates, Consultants to Victim Corporations who spent more than two decades of his life to the study of naked short selling** + +https://www.sec.gov/rules/proposed/s72303/decosta122203.htm (2004) + +https://www.sec.gov/rules/proposed/s72303/jdcosta012204.htm (2004) + +https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf (2005) + +https://www.sec.gov/comments/s7-12-06/s71206-899.pdf (2007) + +https://www.sec.gov/comments/s7-08-08/s70808-428.pdf (2008) + +&#x200B; + +# Epilogue: The Naked Short Selling Game Will Be Stopped. + +&#x200B; + +It was in the shortsellers' best interest to bankrupt Gamestop with naked short selling. What happens when an investor maintains a short position in a company that gets delisted and declares bankruptcy? The answer is simple: the investor never has to pay back anyone because the shares are worthless. Companies sometimes declare bankruptcy with little warning. Other times, there is a slow fade to the end. A short seller who didn't buy back the stock before trading stopped may have to wait until the company is liquidated to take a profit. However, the short seller owes nothing. That is the best possible scenario for a short seller. Eventually, the broker will declare a total loss on the loaned stock. At that point, the broker cancels the short seller's debt and returns all collateral. + +&#x200B; + +https://www.investopedia.com/ask/answers/maintain-short-position-delisted-stock/ + +&#x200B; + +Gamestop is heading in the absolute opposite direction of bankruptcy and paid off all of its debt with its profits; has been entered into the S&P MidCap 400 Index; sold enough stock to obtain nearly $2 billion dollars of profits or cash on hand to grow and strengthen their company; recently hired experts with experience at many different companies (Amazon, Chewy, Walmart, QVC, etc.); obtained new fulfillment centers; built a team for a non-fungible token (NFT) platform based on Ethereum; and much more. Simply Google these topics for more information about these news stories. + +Ryan Cohen may potentially revolutionize gaming, the entire financial market, and all intellectual property as we know it through NFT and blockchain technology! + +&#x200B; + +**The GME Warpath** + +https://www.reddit.com/r/Superstonk/comments/pe37k7/the_gme_warpath/ + +&#x200B; + +**When Ryan Cohen was launching online pet retailer Chewy, he spent a lot of time thinking about how to compete against Amazon. Now, a decade later, after selling Chewy for $3.35 billion and exiting the company, Cohen is still thinking about the best way to beat Amazon.** + +https://twitter.com/ryancohen/status/1221498793046265857 + +&#x200B; + +**GameStop Amasses $2 Billion After Tapping Investor Army Again** + +https://www.investors.com/news/gme-stock-gamestop-amasses-2-billion-after-tapping-investing-army-again/ + +&#x200B; + +Short Sellers have set cancer research back at least decades from their abusive tactics. + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/ndrjl8/naked_short_sellers_have_set_our_cancer_research/ + +&#x200B; + +We are convinced that the various State Securities regulators, if they understood the concept of naked short selling, would have had an absolute fit if they knew that the SEC was even considering allowing market makers to sell entities that don't exist and thereby dilute the equity ownership of investors in their states, or to fraudulently distribute counterfeit shares of public companies domiciled in their states. This only illustrates how little people know about "naked short selling" and the role of the DTCC. + +&#x200B; + +https://www.sec.gov/rules/proposed/s72303/decosta122203.htm + +&#x200B; + +*The content of this post is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.* + +*All opinions expressed by me are solely my opinion and do not reflect the opinions of anyone else.* + +*You should not treat any opinion expressed on this message as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information I consider reliable, but I do not warrant its completeness or accuracy, and it should not be relied upon as such.* + +*I am not under any obligation to update or correct any information available on this website. I am an active shareholder of Gamestop stock.* + +*Also, the opinions expressed by me may be short term in nature and are subject to change without notice.* + +*I do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed from my reddit account. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.* + +*You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.* + +*None of this is insider trading and is all publicly available information.* + +https://www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.html +https://www.japantimes.co.jp/news/2021/03/04/business/financial-markets/bonds-stock-japanese-economy-global-economy-u-s-treasuries/ +[March 4] +>Japanese funds sold a **record $34 billion of foreign bonds in the two weeks ended Feb. 26** as the nation’s fiscal year-end [on 31] March approaches — enough to cause reverberations in U.S. repurchase markets for 10-year Treasuries. +> +What started out as a **re-balancing of books by Japanese funds** has added to the volatility in global markets, with Treasury yields rocketing to levels seen before the pandemic, as a vicious cycle unfolds as selling begets more sales. The dumping from Japan, one of the biggest owners of debt, triggers hedging by dealers on the other side of the trade, which in turn impacts crucial funding markets relying on bonds as collateral. + +*** +And from "some other website that everyone loves to hate" [March 24]: +>....observation was made this week by Morgan Stanley's chief rates strategist Matthew Hornbach, who over the weekend identified the origin, if not quite the identity, of the persistent seller of Treasurys over the past few months, who has sparked such a violent rout across not just the US rates space but also stocks and other core assets. +> +As the following remarkable chart from Hornbach makes very clear, the cumulative downward price movement in Treasury futures has been concentrated in the Tokyo session. Furthermore, after a brief respite in the first week of March, selling in the Tokyo session accelerated dramatically ahead of the FOMC meeting and it continued afterward. +> +Of course, the initial burst of Treasury futures selling - which appears to have originated out of Japan every time - would then have a domino effect on the rest of the world, and as Morgan Stanley notes, "weak price action during the Tokyo session led to additional selling during the London session" although to a lesser extent. As the next chart shows, since the start of the year, 85% of the cumulative decline in TY futures prices occurred in the overnight session, i.e., Japan is almost single-handedly responsible for the dump surge in yields this year! +> +Why does this matter? Because if Morgan Stanley is right, and if the seemingly daily Treasury selling indeed originates out of Tokyo, there is finally good news for bond bulls: Hornbach writes that "we have good reason to believe the selling from Japan won't last... into April." That's because the fiscal year in Japan ends on March 31. "At that point, liquidation of non-yen bond holdings should stop, if not reverse at some point in the April-June quarter." +Edited: +No updates yet. We don't know if she has cashed the third check, or if the two deposited checks have returned. +My SIL told me she is going to handle the situation. Hope to hear some news soon. +My in laws are successful people who own their own home and have a good retirement income. I have no idea why she is doing this. I have a few suspicions of why so maybe this will open the doors to discussions about her mental state. There has been some other bizarre behavior over the last year. +Yes my husband has mother issues. It's long and complicated. He told her it was a scam and she immediately berated him, so he backed away. He said it's pointless and I'm wasting my time as she is going to do whatever she wants in the end. He handles her by disengaging. She is an absolute terror when people disagree with her/tell her she is wrong. He can't handle conflict. + +No we are not going to have to support them. They have savings they will have to use to pay the bank. They both worked hard all their lives and are not in need of extra cash so we all find it extremely bizarre that this is happening. And super sad they are throwing money away. I hope they don't wipe their savings out but I've come to terms with it. They will just have to learn a lesson. They are not desperate for money at all and they live a pretty carefree life, so if they have to scale down it is not going to have them at the food bank. They can get a loan/mortgage their house if needed. I'm not paying a dime for this ridiculousness. + + + + + +My MIL is the victim of a gift card scam beginning on Friday. She said she was contacted by a company who liked her reviews online and wants to pay her to mystery shop. She received the first check on Friday for $2200. She deposited the check, withdrew cash, and purchased $1800 worth of eBay gift cards which she said she mailed to the salvation army. She got to keep the rest of the money for herself if she bought $50 worth of items at Walgreens and wrote a review about it. +Monday, she received a larger check. Same scenario. I found out about this last night. She has deposited over $5k in checks, purchased $4200 worth of gift cards in cash and mailed them to the "salvation army." +By the time I found out, it had already been done. I explained to her that the checks are going to reverse and she will owe the bank $5k plus. +She does not believe me. I begged her to contact the bank asap and she became angry and won't speak to me anymore. +My husband handles her with kid gloves, so she told him today she received another check and plans to cash it. + +Could I call her bank and explain she is being scammed and doesn't believe us? Could she get in trouble for fraud? Would the bank even take me seriously? + +I'm sorry, I am not thinking straight. I am so upset. This is going to cost my in laws their entire savings if she continues. +We live in a rural area, it is a local bank and not a national one. It will take longer for these checks to clear. I am just sick. +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! + +I am 19 years old and have never been taught how to properly handle money for my future and don’t have a clue what to do but I would rather start now than when I’m in my 30s/40s as I always see people say they regret not thinking about their future when they were younger, if you could tell your 19 year old self what to do to be financially secure in the future what would it be? +Apes, this is a continuation of my Dollar Endgame Series. You can find Part 1 [here](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/). + +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper.** The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late. I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or inflation (hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a** [**Sword of Damocles**](https://idioms.thefreedictionary.com/a+sword+of+Damocles+hangs+over+head) **that hangs over the global financial system.** + + **The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +* [Part One: The Global Monetary System- “A New Rome” ](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/)< +* Part Two: Derivatives, Systemic Risk, & Nitroglycerin- “The Ouroboros” < (YOU ARE HERE) +* [Part Three: Banks, Debt Cycles & Avalanches](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/)\- “The Money Machine” < +* Part Four: Financial Gravity & the Fed’s Dilemma- “At World’s End” < + +# Preface: + +Some Terms you need to know: + +[Derivatives](https://www.investopedia.com/terms/d/derivative.asp): A derivative is a financial [security](https://www.investopedia.com/terms/s/security.asp) with a value that is reliant upon or derived from, an **underlying** asset or group of assets—a benchmark. The derivative itself is a contract between two or more parties, and the derivative derives its price from fluctuations in the underlying asset. The most common underlying assets for derivatives are stocks, bonds, commodities, currencies, interest rates, and market indexes. + +[Normalized Curve Distribution](https://www.simplypsychology.org/normal-distribution.html) (Bell Curve): The normal distribution is a continuous probability distribution that is symmetrical on both sides of the mean, so the right side of the center is a mirror image of the left side. The area under the normal distribution curve represents probability and the total area under the curve sums to one. (We’ll go over this more in-depth later). + +[Value-At-Risk](https://www.investopedia.com/terms/v/var.asp) (VaR Distribution): Value at risk (VaR) is a statistic that measures and quantifies the level of financial risk within a firm, portfolio or position over a specific time frame. This metric is most commonly used by investment and commercial banks to determine the extent and occurrence ratio of potential losses in their institutional portfolios. Risk managers use VaR to measure and control the level of risk exposure. + +[Rehypothecation](https://www.investopedia.com/terms/r/rehypothecation.asp): Rehypothecation is a practice whereby banks and brokers use, for their own purposes, assets that have been posted as collateral by their clients. Clients who permit rehypothecation of their collateral may be compensated either through a lower cost of borrowing or a rebate on fees. + +[Exchange-Traded (Listed) Derivative](https://www.investopedia.com/terms/e/exchange-traded-derivative.asp): An exchange-traded derivative is merely a derivative contract that derives its value from an underlying asset that is listed on a trading exchange and guaranteed against [default](https://www.investopedia.com/terms/d/default2.asp) through a clearinghouse. Due to their presence on a trading exchange, ETDs differ from over-the-counter derivatives in terms of their standardized nature, higher [liquidity](https://www.investopedia.com/terms/l/liquidity.asp), and ability to be traded on the [secondary market](https://www.investopedia.com/terms/s/secondarymarket.asp). + +[Over the Counter Derivative](https://www.investopedia.com/ask/answers/052815/what-overthecounter-derivative.asp): An over the counter (OTC) derivative is a financial contract that does not trade on an asset exchange, and which can be tailored to each party's needs. Over the counter derivatives are instead private contracts that are negotiated between counterparties without going through an exchange or other type of formal intermediaries, although a broker may help arrange the trade. + +# Part Two: Derivatives, Systemic Risk, and Nitroglycerin- “The Ouroboros” + +[The Ouroboros](https://preview.redd.it/lscwu54x68771.png?width=626&format=png&auto=webp&s=f9b6ed88c18bc0d71ac368509af350f34644caa0) + +# Prologue: + +“The [Ouroboros](https://en.wikipedia.org/wiki/Ouroboros), a Greek word meaning “tail devourer”, is the ancient symbol of a snake consuming its own body in perfect symmetry. The imagery of the Ouroboros evokes the concept of the infinite nature of self-destructive feedback loops. The sign appears across cultures and is an important icon in the esoteric tradition of Alchemy. Egyptian mystics first derived the symbol from a real phenomenon in nature. In extreme heat a snake, unable to self-regulate its body temperature, will experience an out-of-control spike in its metabolism. + +**In a state of mania, the snake is unable to differentiate its own tail from its prey, and will attack itself, self-cannibalizing until it perishes. In nature and markets, when randomness self-organizes itself into too perfect symmetry, order becomes the source of chaos, and chaos feeds on itself.”-** + +([Artemis Capital Research Paper](https://artemiscm.docsend.com/view/2b34894bzsaqsbcx)\- extra credit reading, but warning, this is ADVANCED finance- you’ll pop a lot of wrinkles reading it) + +# Random Walks and Portfolio Insurance + +In financial markets, traders have long looked for mathematical relationships between and within assets, to aid in speculation and price prediction. As data aggregation improved, and information became more widely distributed in the 1930s and 1940s, Financial analysts quickly realized that the [stock market as a whole](https://klementoninvesting.substack.com/p/the-distribution-of-stock-market), as well as individual securities, followed [Bell Curve](https://www.simplypsychology.org/normal-distribution.html) Distributions, at least in most time periods. + +The performance of individual securities on a single day was essentially random, but their overall performance in a time period could be graphed, as seen below: + +&#x200B; + +[Bell Curve Distribution fitted to Market Returns](https://preview.redd.it/pakm4imk28771.png?width=646&format=png&auto=webp&s=d9122a8c28e8a204bafeba369c958efdd042467c) + +This flowed logically from the concept of random events that [Brownian motion](http://web.mit.edu/8.334/www/grades/projects/projects17/OscarMickelin/brownian.html) described. In the mid- 1800s, scientist [Robert Brown](https://en.wikipedia.org/wiki/Brownian_motion) saw that particles in a fluid sub-domain bounced around randomly, with their individual movements being essentially unpredictable- these movements were completely random. Drawing on Brownian motion, mathematicians had created [Probability Theory](https://en.wikipedia.org/wiki/Probability_theory), which could estimate the given probability (not certainty) of a set of outcomes. + +As an analogy, predicting the result of an individual coin toss accurately every time is essentially impossible, but if you do it 100 times, Probability theory will tell you that you have a very high probability of 50 heads and 50 tails, or something close to it (45/55 or 53/47 for example). + +The likelihood of 95 heads and 5 tails, an extreme outlier, would be very close to 0. This is because there is a 50% probability of either heads or tails- and thus the distribution of 100 coin flips should roughly match this probability. This theory of randomness of prices as it applied to finance came to be known as the [Random Walk Theory](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/what-is-the-random-walk-theory/)\- and predicted that prices were basically completely unpredictable. + +Understanding this concept, traders in the 1960s observed that the probability was great that returns on a single equity security would hover between some set performance range, like -10% and +10%. Rarely did the return hit the extreme ends of the curve. + +It didn’t matter what the time period was, 1 day, 1 month, or 1 year, the traders always had trouble reliably predicting a single future movement (like predicting heads/tails on a single coin toss), but could reliably say what the probability of variance over time (outcome of 100 coin tosses) would be, and map this mathematical distribution on a bell curve. + +These Bell Curve distributions, after being modified for applications in financial markets, came to be known as [Value At Risk](https://www.investopedia.com/terms/v/var.asp) (VaR) models. Over the course of the 1960s and 1970s, these [models](http://people.stern.nyu.edu/adamodar/pdfiles/papers/VAR.pdf) came to be [widely used](http://stat.wharton.upenn.edu/~steele/Courses/434/434Context/RiskManagement/VaRHistlory.pdf) in the asset management industry. + +Essentially what these VaR models could do was provide a statistical technique used to measure the amount of [potential loss](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/value-at-risk-var/) that could happen in an investment portfolio over a specified period of time. Value at Risk gives the probability of losing more than a given amount in a given portfolio. + +[Value-at-Risk Model](https://preview.redd.it/mrqixcou38771.png?width=626&format=png&auto=webp&s=2c452ed7175c8bec851f2e4547e80df68ac31119) + +You can see from the above that these models have “skinny tails”, that is to say, they predict the likelihood of extreme events (standard deviation of 3 or more) happening as very low- especially on the downside (see above). Outlier events were thus coined “[tail risk](https://www.investopedia.com/terms/t/tailrisk.asp#:~:text=Tail%20risk%20is%20a%20form,shown%20by%20a%20normal%20distribution.)”, occurrences that only show up on the far tails of the distribution. Tail risk events were shown to be SO unlikely that the fund managers basically didn't hedge for them AT ALL. + +These models were built using the recorded historical prices of thousands of commodities, equities, and bonds. For earlier markets, they would even plug in estimates created by econometricians (i.e. Corn prices in 1430) to arrive at a large enough data set. + +With this data, asset managers could feel safe utilizing leverage and complex derivatives in risky investments, as these models told them that the likelihood of severe losses (-30% for example) in a single day was near-zero. (Fundamental rule of math is you CANNOTfor certain predict future outcomes based on past experiences- but they did it anyways...) + +At the same time, [Eugene Fama](https://en.wikipedia.org/wiki/Eugene_Fama), an American economist freshly minted with a PhD from the University of Chicago, developed his [Efficient Markets Hypothesis](https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp) in early 1970. Drawing on the random walk theory, Fama posited that since stock movements were random, it was impossible to “beat the market”. + +Current market prices incorporated all available and future information, and thus buying undervalued stocks, or selling at inflated prices, was not feasible. [Making consistent profits was impossible](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/efficient-markets-hypothesis/)\- if you made money, you just got “lucky” as the market randomly moved in your favor after you made the trade. The price, therefore, was always “right”. + +[Efficient Market Hypothesis](https://preview.redd.it/ktn8rya048771.png?width=646&format=png&auto=webp&s=5fc831830ca80cc77b339c94874abd26d5932283) + +This further emboldened investors and whetted their risk appetite. Armed with these two theories, they started making statistical algorithms that modeled the stock market, and loaded themselves up with more risk. Starting in the early 1980s, [portfolio insurance](https://www.investopedia.com/terms/p/portfolioinsurance.asp) started to gain traction within the industry. This “insurance” basically was an automated system that [short-sold S&P 500 Index futures](https://www.investopedia.com/ask/answers/042115/what-caused-black-monday-stock-market-crash-1987.asp) in case of a market decline. + +This concept was invented by [Hayne Leland](https://en.wikipedia.org/wiki/Hayne_Leland) and Mark Rubinstein, who started a business named Leland O’Brien Rubinstein Associates (LOR) in 1980, and was developed into a computer program commonly referred to by the same acronym. They were successful in marketing this product, and by the mid-1980s, hundreds of millions of dollars of Assets Under Management ([AUM](https://www.investopedia.com/terms/a/aum.asp)) from institutions ranging from investment banks to large mutual funds were protected by this new-fangled product. + +LOR was a program that [dynamically hedged](https://www.glynholton.com/notes/dynamic_hedging/), i.e. would observe market conditions, and understanding it’s own portfolio risk, would actively adjust in real time. Today, dynamic hedging is used by derivative dealers to hedge gamma or vega exposures. Because it involves adjusting a hedge as the underlier moves—often several times a day—it is “dynamic.” + +The founders of LOR touted it as a program that would actively work to protect a portfolio, a “fire and forget” approach that would allow portfolio managers and traders to focus on [alpha-generation](https://www.investopedia.com/terms/a/alpha.asp) rather than worrying about potential losses. + +Smoothbrain summary: + +* No one can accurately predict the future (ie the outcome of a single coin toss). But, you can predict the probable outcomes of a series of coin-tosses. +* Using this theory of the probability of outcomes, you can build a bell curve of probabilities of returns. Adapting this to financial markets, it comes to be called the Value-At-Risk model. +* This Value At Risk model tells you that the likelihood of a severe adverse event happening (large losses in a single day) is very low. Thus you feel safe leveraging your portfolio and buying derivatives. +* The Efficient Markets Hypothesis tells you that it is near impossible to consistently beat the market. Prices are always “right” and already incorporate all known and knowable information, so fundamental (and technical) analysis is completely useless. Thus the best way to juice returns is to load up on leverage and derivatives. +* Two experts in the fields of finance and economics create a new product called LOR, which was ‘portfolio insurance’ that promised to limit downside losses in case of a market collapse. Hundreds of institutions, banks, and hedge funds buy and implement LOR’s dynamic hedging into their portfolio. This program short-sold S&P 500 futures in the event of a market decline. + +&#x200B; + +&#x200B; + +# Black Monday- October 19, 1987 + +Stock markets raced upward during the first half of 1987. By late August, the [DJIA](https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average) (Dow Jones) had gained 44 percent in a matter of seven months, stoking concerns of an asset bubble. In mid-October, a storm cloud of news reports undermined investor confidence and led to additional volatility in markets. + +The federal government disclosed a larger-than-expected trade deficit and the dollar fell in value. The markets began to unravel, foreshadowing the record losses that would develop a week later. + +Beginning on October 14, a number of markets began incurring large daily losses. On October 16, the rolling sell-offs coincided with an event known as “[triple witching](https://www.forex.com/en/market-analysis/latest-research/what-is-triple-witching/),” which describes the circumstances when monthly expirations of options and futures contracts occurred on the same day. + +By the end of the trading day on October 16, which was a Friday, the DJIA had lost 4.6 percent. The weekend trading break offered only a brief reprieve; Treasury Secretary James Baker on Saturday, October 17, publicly threatened to de-value the US dollar in order to narrow the nation’s widening trade deficit. Then the unthinkable happened. + +&#x200B; + +[DJIA \(Tradingview\) - Historical Realized Volatility on the bottom scale](https://preview.redd.it/39kpennd48771.png?width=644&format=png&auto=webp&s=05033a945abf9b7cfd4f245e6b2502e048619f40) + +Even before US markets opened for trading on Monday morning, stock markets in and around Asia began plunging. Additional investors moved to liquidate positions, and the number of sell orders vastly outnumbered willing buyers near previous prices, creating a cascade in stock markets. + +In the most severe case, [New Zealand’s stock market fell 60 percent](https://www.nzherald.co.nz/indepth/business/1987-stock-market-crash/), and would take years to recover. Traders reported racing each other to the pits to sell. Author Scott Patterson describes the scene: + +[The Quants, pg 51](https://preview.redd.it/1wcf5o2o48771.png?width=430&format=png&auto=webp&s=cbd254a4bd9fd41753c282d73cb2916af5a5891e) + +Traders on the floor of the NYSE reported seeing ticker numbers spinning so fast that they were unreadable. Liquidity vanished completely from the market. Sell orders flooded in so fast the infrastructure to record them started malfunctioning. + +At one point, [specialists](https://www.thebalance.com/what-is-a-market-maker-and-how-do-they-make-money-4053753) (individual market makers, and at this time were people on the floor representing a firm) simply stopped picking up the phone, which was ringing with dozens of institutions begging them to sell. + +Dozens of stocks were frozen in time. Those that weren’t were hit with massive volume. At one point, Proctor and Gamble was trading for $0.03. It had ended trading the previous Friday at $6.09. Market makers were trading off the stock prices that were recorded an hour ago, since the infrastructure was so backed up. (Check out [this episode](https://open.spotify.com/episode/7cxASLFFUrWkJaMqpUY3pW?si=plwMAktBRhGggqLbwHx8UQ&dl_branch=1) of RealVision Podcast to learn more. In fact, just go subscribe to their show and start listening from the beginning, they have one of the best finance podcasts out there). + +In the United States, this collapse quickly came to be known as “[Black Monday](https://www.federalreserve.gov/pubs/feds/2007/200713/200713pap.pdf)”, with the DJIA [finishing down 508 points, or 22.6 percent](https://www.investopedia.com/terms/s/stock-market-crash-1987.asp). "There is so much psychological togetherness that seems to have worked both on the up side and on the down side,” Andrew Grove, Chief Executive of technology company Intel Corp., said in an interview. “It’s a little like a theater where someone yells 'Fire!’ (and everybody runs for the exit)”. + +“It felt really scary,” said Thomas Thrall, a senior professional at the Federal Reserve Bank of Chicago, who was then a trader at the Chicago Mercantile Exchange. “People started to understand the interconnectedness of markets around the globe.” + +For the first time, investors could watch on live television as a financial crisis spread market to market – in much the same way [viruses move through human populations and computer networks](https://www.wired.com/story/how-fast-does-a-virus-spread/). ([Source](https://www.federalreservehistory.org/essays/stock-market-crash-of-1987)). + +Black Monday represented a catastrophic rebuttal to the mathematicians and economists who created the Random Walk Theory and Value- At- Risk models. **These probability theorists had stated that events like this were improbable- so improbable in fact that their models predicted Black Monday was IMPOSSIBLE. Thus, no one in the market had hedged or expected an event as extreme as this.** In fact, some theoreticians started to doubt the validity of the previously iron-clad Efficient Market Hypothesis itself. Patterson continues: + +[The Quants, pg 53](https://preview.redd.it/egil7fww48771.png?width=380&format=png&auto=webp&s=6f5cf4b457207185aec4c4392e87bf118a8bbf90) + +Black Monday also represented a fascinating case study in the devastating effects of derivatives on financial markets. The Index Arbitrageurs, buying the S&P 500 futures being sold by portfolio insurance, had raced to short sell the underlying stock to stay net neutral. This was because by owning the S&P 500 futures, they effectively owned a small piece of every stock in the index. To [hedge](https://www.investopedia.com/trading/hedging-beginners-guide/#:~:text=Hedging%20is%20a%20risk%20management,as%20options%20and%20futures%20contracts.), they had to quickly short the underlying, so that any large loss in the index futures they owned would be offset by a gain on a short position in the individual stocks. + +However, the S&P 500 index itself was calculated based on the prices of the underlying securities. Thus, after Portfolio insurance sold the arbs' futures, the Index arbs short sold billions of dollars worth of stock, the S&P future market tanked, and LOR, seeing the massive volatility and downward pressure on the market, sold more and more futures, which caused the Arbs to short more and more stock. This was the unwelcome discovery of a vicious [positive feedback loop](https://biologydictionary.net/positive-feedback/), a “shadow risk” that existed beneath the surface of the market, unbeknownst to the investors who traded in it. **The Ouroboros had been awakened. These feedback loops, once initiated, continued until the underlying factors have been diminished or until the agents in the system are self-destroyed.** + +&#x200B; + +[(The second half of this post is linked here)](https://www.reddit.com/r/Superstonk/comments/o72fc1/the_dollar_endgame_part_25_the_ouroboros/) +Wondering what would be the procedure or if anyone has had an experience where a company listed on the CSE, TSXV or TSX has moved to the NASDAQ and what the process was. Thanks folks +Towards the tail end of 2019, I sold my entire stock portfolio so I could switch it over to an ETF portfolio. + +Once everything was sold, I was left with around $78k in my TFSA. I slowly started averaging into the ETF's in January. Then, once Covid hit and I saw the markets would tank, I held off. Sure enough, markets started tanking hard in March. + +But I held off. I work in the travel industry, and I was afraid of losing my job. So I didn't buy, even with 70%+ cash in my TFSA. I just watched the ETF's I had go to -30% (Which was only like -$6k), but I didn't buy, thinking I wanted to see what would happen with my job first before I dump the vast majority of my savings into the market. + +In early May I was laid off. I was glad to have held my cash, even though markets had significantly recovered by then. Then, just 3 weeks later, I get word that our parent company is restructuring, and bringing some people back. + +I got a new job for that company on June 13. Now here we are about a month later, I still have about 65% cash in my TFSA, and I feel like I missed a huge opportunity. + +I was greedy and thought for sure we would see a -50% market, just like the last 2 recessions. Or at the very least, that we wouldn't recover so quickly and I would have time to average in once my situation was figured out. + + Lesson learned I guess. Thanks for reading. +I've done one of these a few years running now, and this time I wrote a walkthrough as I did it. + +> I'm writing this guide for a few reasons. For one, it might be useful to someone, possibly me in future. For two, if I make a mistake, someone might call me out on it and then I can correct it. And for three, it gives me a venue to complain about things I think aren't very good about the online submission form and also our tax system. + +If you're interested, [feel free to check it out](http://reasonableapproximation.net/2021/12/28/uk-self-assessment.html). I haven't shared it anywhere else yet, I figure this community has a good chance of catching any mistakes I made. +Guten Morgen to this global band of Apes! 👋🦍 + +This week is shaping up to be more exciting than I had anticipated! While I'm still expecting some *staggering* levels of RRP over the next few days, the big news of the week is obviously the NFT Creator registration and the implications of that move. While GameStop has been relatively quiet about what this means for the future of the company, I think there is a lot of merit to many of the theories that I have been reading. If there is one thing that I know about Apes based on the past year, it is that they are a very motivated and creative bunch, and I cannot wait to see what all of you wonderful Creators come up with. + +Of course, with any such good news for GameStop, the institutional shorts feel a strong need to manipulate the price downward to make it seem like bad news to anyone who views the market as a trustworthy source of information. Apes learned long ago that there is nothing further from the truth - the markets are completely rigged by those very institutions. We *know* the price is wrong, but we also know that their short positions must be closed, and that the more shares that we buy and DRS during these dips, the harder the MOASS will hit them when we lock the float. + +Today is Wednesday, December 29th, 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: **$149.00 / 131,50 €** *(volume: 332)* +- ⬜ 115 minutes in: $149.00 / 131,50 € *(volume: 323)* +- ⬜ 110 minutes in: $149.00 / 131,50 € *(volume: 323)* +- ⬜ 105 minutes in: $149.00 / 131,50 € *(volume: 310)* +- ⬜ 100 minutes in: $149.00 / 131,50 € *(volume: 299)* +- ⬜ 95 minutes in: $149.00 / 131,50 € *(volume: 271)* +- ⬜ 90 minutes in: $149.00 / 131,50 € *(volume: 269)* +- ⬜ 85 minutes in: $149.00 / 131,50 € *(volume: 256)* +- ⬜ 80 minutes in: $149.00 / 131,50 € *(volume: 256)* +- ⬜ 75 minutes in: $149.00 / 131,50 € *(volume: 255)* +- ⬜ 70 minutes in: $149.00 / 131,50 € *(volume: 244)* +- 🟩 65 minutes in: $149.00 / 131,50 € *(volume: 227)* +- ⬜ 60 minutes in: $148.49 / 131,05 € *(volume: 113)* +- 🟩 55 minutes in: $148.49 / 131,05 € *(volume: 111)* +- 🟩 50 minutes in: $148.35 / 130,93 € *(volume: 101)* +- 🟩 45 minutes in: $148.24 / 130,82 € *(volume: 100)* +- 🟩 40 minutes in: $148.21 / 130,80 € *(volume: 98)* +- 🟥 35 minutes in: $148.20 / 130,79 € *(volume: 94)* +- ⬜ 30 minutes in: $148.24 / 130,82 € *(volume: 94)* +- ⬜ 25 minutes in: $148.24 / 130,82 € *(volume: 94)* +- ⬜ 20 minutes in: $148.24 / 130,82 € *(volume: 86)* +- ⬜ 15 minutes in: $148.24 / 130,82 € *(volume: 86)* +- ⬜ 10 minutes in: $148.24 / 130,82 € *(volume: 62)* +- 🟩 5 minutes in: $148.24 / 130,82 € *(volume: 47)* +- 🟩 0 minutes in: $148.21 / 130,80 € *(volume: 37)* +- 🟥 US close price: $146.46 / 129,26 € *($148.74 / 131,27 € 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 1.1331. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[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!* +I’ve been DCA-ing VGT for a while now but Wondering if you guys are doing the same stuff as I could have purchased other ETFsuch as SCHD and the like. +I’m currently going with a 80/20 split between VTI & VXUS. I’m wanting to add an extra etf to help increase my exposer for small-caps since VTI is still pretty large cap heavy. Any recommendations to look at? +I would like to get some exposure to the semiconductor industry, and as a passive investor I enjoy using ETFs. My research has led me to the below ETFs, in this community's' opinion, are there any that are better than the other? Any others I should take a look at? + +SOXQ -- I really like the expense ratio on this new one + +SOXX -- Seems like the OG ETF in this sector, although expense ratio is meh + +PSI -- More evenly weighted and I like that they have KLAC more that the others, but highest expense ratio + +SMH -- Expense ratio is ok, I like how they have TSM weighted high (although with geopolitical situation in Taiwan maybe that is a negative) + +Appreciate the feedback! +I have had these for about a year now and I am in the green still. I only have just under $1000 in each one. I know there is a ton of hate on ARK funds now on reddit. All my investing is long holds. Should I just keep my money in these for a few more years or just sell and move it into other etfs I have? Would move it into VTI most likely. +Bought $200 worth of ZAG, and looking to put about $300 more into ETFs. A question for the sub: is it worth even putting small amounts like this into stuff like ETF or should I lean more towards stock investment? (For context I am 21M). + +Edit: + +Thanks for the advice everyone. I've gone on to purchase VFV and XAW to gain exposure to US S&P500 and international. With Zag covering bonds, are there any more ETFs I should add to my portfolio? Aside from maybe VCN or another Canada covering ETF, I think I can just keep accumulating my positions in these 3 ETF's. +Edit: Thank you, to everyone! This community is a fantastic place with many helpful people. I’ve gotten countless great advice and many different perspectives on investing that I couldn’t have gotten on my own. This thread will help many lower income people, like me to become financially independent into retirement. + +If you have information to offer, PLEASE leave helpful advice for people in similar money tight situations to read in the future. You’ll be helping more than could imagine. Thank you again! + +Original post: + +TLDR: I can only afford $25-$40 a week AT MOST. Where should I invest? Should I save to purchase larger ETFs like ARKK, or invest in fractional/smaller ETFs? + +I understand that everyone here is playing with more money than I, but I want to invest into my future as well though. I’m not looking for overnight gains, I want to invest long term, with a few small short term to keep it kind of fun. + +I would likely only be able to put aside $25-$40 a paycheck comfortably (which is weekly). My goal is to invest into a portfolio that will be reliable for many years and act somewhat as a second savings account (I have an emergency fund). And eventually invest into more short term maybe a 6 months to a year from now. + +My only background is in crypto currencies which I still hold to this day. + +[Here is my poor class portfolio I just started on in December. ](https://imgur.com/a/bBK302a) I whited out the items which are pending selling. I’ve owned blackberry for a long while. It’s something personal and I won’t liquidate. + +Any advice to this poor folk would be awesome. I’m aware of ARKK, but they don’t sell fractional shares. Would it even be worth it to save for multiple months just to buy that? Let me know any advice if you can spare the time. +Hi all, + +I'm a beginner in investing, trying to create an ETF portfolio (5-10 years). I'm fine with some risk exposure. Any feedback would be appreciated! + +iShares Core MSCI World UCITS ETF USD (Acc) - 15% +iShares Core S&P 500 UCITS ETF (Acc) - 35% +iShares MSCI World Small Cap UCITS ETF - 10% +Lyxor Nasdaq 100 Daily (2x) Leveraged UCITS ETF - Acc - 10% (some risky stuff) +VanEck Vectors Semiconductor UCITS ETF - 15% +Xtrackers MSCI Emerging Markets UCITS ETF 1C - 15% + +Thanks in advance! +I'm 18 and thinking of opening a Roth IRA with Fidelity and dumping a few thousand into FZROX obviously I'm gonna eventually diversify but for now would this be a bad idea? +I'm sorry if it's a dumb question, but I'm a really newbie on this and I'm looking for some advice +I am in frugal mode and I'm able to save 1000$ per month. +I have been researching about where to invest this amount, and MSCI ETFs / Index funds sounds good to me since it evaluates the whole world performance. Would investing my savings in MSCI ETFs be a good idea to begin with? +I'm planning to improve my strategy over time and diversificate a bit, but the option that attracted me the most at a first glance is this one, so that's why I was wondering. + +Edit: My plan is long term growth, I won't be touching that money in the next 25 years +First it was Bitmex, then Kraken, now Huobi won't even give me the time of day. + +They all threaten to liquidate all of my assets that I trust them with if I so much as touch a computer screen from inside this frozen wasteland. + +I tried setting up a corporation in the UK and registering that with Bitmex, but they not only asked for the corporation details but the details of all of the directors... of which none of whom can be resident in or so much as visiting Ontario, Canada. + +Fuck me, right?! + +Do I seriously have to move to another country to keep doing this or what? +I am trying to design an intraday trading algorithm. + +I want to use a momentum strategy, and I would like to look at who is crossing the spread as an indicator. + +Let me explain : if price at t+1 is close to bid at t, it means that the seller had to pay the spread, indicating downward pressure, as the seller is willing to pay to sell. Conversely, if price at t+1 is close to ask at t, there is some upward pressure. + +I haven't backtested it yet, but I'd like some feedback nevertheless. Are you aware of classic algorithms using this idea ? Are there very simple reasons why this would not work ? Like, newbie mistakes ? + +Cheers to all ! +First it was Bitmex, then Kraken, now Huobi won't even give me the time of day. + +They all threaten to liquidate all of my assets that I trust them with if I so much as touch a computer screen from inside this frozen wasteland. + +I tried setting up a corporation in the UK and registering that with Bitmex, but they not only asked for the corporation details but the details of all of the directors... of which none of whom can be resident in or so much as visiting Ontario, Canada. + +Fuck me, right?! + +Do I seriously have to move to another country to keep doing this or what? +Hello all, + +For the first time in my life I have some savings ($3,550), and I need help budgeting my money. I am in a very privileged position because I’m currently living with my parents while in graduate school, so I have to pay for very little of my living expenses. Because of this, I want to take advantage of my situation and save as much as possible before I finish my degree (end of 2021). + +I have a $20,000 school loan that starts accumulating interest at the end of 2021. I have a part-time job where I earn roughly $650 a month. + +I do not currently have a credit card or any investments (both kind of scare me). My goal for the end of 2020 is to have a substantial savings and loan funds. Then in 2021 I plan to get a credit card and start investing. + +I am not sure where to start, so i am turning to y’all in an anxiety-filled early morning post on any and all tips on where to begin. +I felt like I needed to get this off my chest. I've lurked this sub for over a year. Throughout the pandemic, this subreddit and the discord have been my home. I turned $800 into $20k, not the most money, but the most fun I've had in some time. You guys have made me laugh. You guys have made me cry with bad options plays. You guys have made a lonely time less lonely. I've never been more excited to see others make money while I watched on the side. + +Today, like us all, I've been reading through news. William Gavin, Secretary of the Commonwealth of Massachusetts, told Barron's we should halt Gamestop for a month to let it cool down because "small and unsophisticated investors are probably going to get hurt by this.” + +The outrage, to attempt to save big money while saying its to protect us. He said we are vulnerable. He said we are too "unsophisticated" to understand our risks. He said that shorts at least are sophisticated. Its so stupid its laughable. As if we are simply children mashing buttons. + +We are adults, with crayons. + +So Bill, please tell us how vulnerable we are tomorrow. + + +“I think the little guys you describe are probably the ones most likely to get hurt,” he said. “Those that are more sophisticated—who might be shorting—they may get hurt, but they’re more sophisticated. They probably understand the risk they’re taking.” + + +EDIT: Please dont upvote. Just hit 6.9k Karma. + +EDIT 2: Too late, karma to the moon. +I recently changed jobs and went from 14 an hour to 17. I like it so far and there's actual raises and bonuses every few months. And it's easy to move up in the company. But I'm struggling with budgeting. I want to know if this looks okay and how I can improve. + +&#x200B; + +&#x200B; + +**Budget** + +Rent $720(1-5th) + +Internet $58 (24th/j) + +Meds $30 ($10 for 3 different ones) + +Husbands Meds $17 + +Husbands's phone $35 + +My Phone $25 (19th)-$75 every 3 months + +Food $400 (2 people/1 dog/2 cats and includes toilet paper/shampoo/dishsoap/etc (about $13.91 a month)(7th and 22nd) + +Car insurance $85.39 (26th/J) + +Gas $50 + +Renter’s Insurance $55.56(3rd/J) + +Hulu $13.93(share with family) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Smile Bright Denture bill for the year $105.62 (22nd)(if not paid, they try again in 21 days/J) + +ER bill for the month $70 (22nd/J) + +Dog eye surgery $50 (until it’s paid off)(22nd) + +Health Clinic Bill $83.35(22nd/G) + +In-laws: $50 (7th) + +&#x200B; + +**Total: $1878.85** + +**Without payment plans: $1519.88** + +income every month net: $2080 + +We're looking for therapy right now for my husband so he can find work as well. I know that'll help but it'll still take time. Our landlords are only doing 9 month contracts now and just raised the rent. We're fairly sure they'll keep raising the rent and after a year or so, we won't be able to afford it. + +&#x200B; + +Does this budget look okay? How can I improve my income without investing/going into trades? + +&#x200B; + +**Update**: + +I appreciate everyone giving advice. A lot of good things I hadn't thought of. I'll be researching to see what we can get in our area. + +&#x200B; + +I'm not giving up my pets. They cost us barely 20 dollars a month and because the little stinkers need attention and exercise, it gives ME a reason to actually get out of bed and keep working. Pets really help those that struggle with depression and anxiety. + +&#x200B; + +My husband. Of course so many comments were about him just getting a job asap. We've tried for years for this. We've applied for disability and even tried to repeal. It's a mental disability that he needs medication for. Without his meds and therapy, he's not him. If we can have the therapist confirm his diagnoses, we can get him on the right meds again and he can work. It's a long story but for now, no he can't work. + +He donates plasma and does odd jobs to help contribute while we fight for this. We use Instacart/Grubhub, etc but in our area, we would lose money instead of making it due to the cost of gas and how little work there was. We have a game plan for him and I and though we're struggling right now, I won't force him to work. He beats himself up enough over the fact that he doesn't have a job right now and I won't contribute to that. + +&#x200B; + +Our Internet is high and gas is low because I work from home. We rarely go anywhere. Maybe once or twice a month. Plasma center is a short walk for us and groceries are delivered. +He is spitting with rage again that we haven't been designated a "buying group" that has to file with the SEC, and trying to set a floor of $250. That's as funny as a banana in the ass. He covers GME/AMC for just the first 7 minutes of the video. + +[https://www.youtube.com/watch?v=EqOx5cqvE6s&ab\_channel=JimCramer%26TheStreetJimCramer%26TheStreet](https://www.youtube.com/watch?v=EqOx5cqvE6s&ab_channel=JimCramer%26TheStreetJimCramer%26TheStreet) + +&#x200B; +As a value investor who's retired largely due to investing into the last few recessions, I've been giving this advice a lot recently: + +Beware the falling knife. + +In recessionary times it's tempting to look at equities hitting 52-wk lows and assume that their past value is indicative of real value, that you're getting a discount. Sometimes this is true! But just as often, it's not, and the company may be facing an escalating spiral of customer/leadership departures, sales collapses, and credit calls which leaves it (at best) a shell of its former self. Sometimes a fallen stock is never coming back. + +Think Nortel, which peaked at \~650B$ (in 2022 dollars) in 2000 and was seen as nearly bulletproof. It lost 90%+ in the dot-com burst and never recovered, going bankrupt a few years later. At its peak it was larger than FB (in inflation adjusted dollars). Many people will say that it's obvious in retrospect, but I knew some of the execs - they were victims of liquidity more than anything else. + +Or RIM, which peaked at \~70B in 2007, was beaten by a rival technology, and promptly collapsed never to recover. Again, it wasn't doomed intrinsically, but everyone who \_could\_ leave to a competitor did, every partner looked for safety or put their B-team on RIM, every creditor called in their financing, and it imploded. (Examples are Canadian because I am/was, but this pattern repeats everywhere.) + +In these cases, and countless others, a low share price was self-fulfilling. The things which let them grow before were taken away, but they still had the weight and expectations of their past selves. It's a downward spiral. + +tl;dr: beware all-time lows, a crushed market cap can be self-fulfilling, look for cash flow and cash reserves instead of discounts if you must reach for a falling knife. +Sorry for the topic, but traditional expat subreddits have not been helpful on this. + +In a few years I would like to permanently move to Northern Italy (I’m a dual citizen US/IT) and live off passive income. However, as an American holding standard index funds the taxes in Italy seem incredibly punitive, as all American funds are taxed at ordinary income (IRPEF) for dividend distributions and capital gains, plus regional and municipal taxes and wealth tax (IVAFE). + +For a back of the napkin calculation, on a $10M portfolio invested in VTI/VXUS throwing $200k of dividends a year, you’d be taxed $100k+ on it. I understand one gets free healthcare with the package, but it seems pretty steep. + +And clearly one cannot own European funds to be subject to the more favorable 26% taxation, otherwise the US is going to tax them harshly because of PFIC. + +I’m wondering if any folks here have been able to address this. Even recommendations of tax professionals familiar with the matter would be appreciated. + +Important note: I am aware there is a special retiree program that gives a 7% flat tax rate for 10 years for people who move to small municipalities in the South, but please trust that’s not what I want at all. I do not like the South as much as the North, and I prefer to live in larger municipalities (think Tuscany or Liguria). There is a reason why they give such incentive, those areas are not the best, generally speaking (poor infrastructure, poor healthcare, etc). + +Thanks +Caterpillar (NYSE:[CAT](https://seekingalpha.com/symbol/CAT)) [inks agreement](https://seekingalpha.com/pr/18030271-caterpillar-signs-agreement-to-acquire-weir-oil-gas) to acquire the Oil & Gas Division of the Weir Group PLC, a Scotland-based global engineering business. Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products. + +The purchase price of $405M is to be paid in cash at closing. The transaction includes more than 40 Weir Oil & Gas manufacturing and services locations and approx. 2,000 employees. + +Caterpillar is taking advantage of its strong balance sheet to complete this acquisition that supports the enterprise strategy. +I am an American professional basketball player playing in Europe. I don't make much money at the moment, about $1,000 USD a month (most European rookie contracts are extremely low pay). The upside of this job is that I am able to keep 100% of the money I make with all housing and food being paid for and no student debt from college. Next year my pay will increase to $1,600 USD/ month and my goal is to be making $5,000 - $6,000 per month by my third year. With the ability to basically pocket 95% of my paycheck I was wondering what would be the best way to manage my money. I have some experience in the stock market but I thought I would try for an experts opinion on the subject by asking r/personalfinance + +Edit* some people said they need more information. I am 25 years old and wouldn't mind retiring from basketball by 30 and I have an undergrad degree and a masters of science information systems degree so I would like to hopefully land a decent paying job when I am done playing. Thank you so much for all the great responses so far! + +Edit #2: I've got a few DM's about what position I play/what my game is like, so here is my highlight video from college :) +https://youtu.be/Wl7gvABnQys +DWAC shot up from under $10 to over $60 today on news that it’s partnered with Trump for his social media platform (and is still running as of this post). This is just a PSA: if you’re thinking of trading this stock, please be careful! I don’t want to see anyone in this community fall victim to FOMO and chase this stock right down a cliff. +I found a market with some really cheap housing. Houses that sell for like 15-30k and rent for like 500-700. It’s not a Terrible area. I just find it so weird that it has so many cheap houses. Anyone know why a neighbourhood would be this cheap? And no population is not declining. + +EDIT: and I don’t care about appreciating. As long as it stays where it’s at. I just want monthly cash flow. +I have a house which I got several years ago and rent to two sets of tenants. One of them isn't paying rent for 6 months and it isn't going to be an easy eviction (they got the fire inspector involved and if I try to evict they will claim it is retaliation.) Furthermore they ignored my very generous 'cash for keys' offer which was over 4 months worth of rent. + +I was planning on keeping the house long term and for the rental income to be part of what supports me during retirement. But now I am facing $10k in repairs and another $3-6k for the eviction, wiping out nearly two years of rental profit. I managed to find an investor who made a fairly decent offer to buy the house even with the problem tenants. The offer is about 15% below market value, but I won't have to pay closing costs or agent commissions. + +What should I do in this situation? +I’m still pretty new to investing on the stock market. + +I own 10 shares of PPD which is being acquired by Thermo Fisher. From what I read, it will pay shareholders $47.50 for each stock. What does this mean for me? Do I just get paid the $47.50 and I no longer own the stock? Or do I get stock in the new company? +Hi FI community, I wanted to share my story so far since starting my FIRE journey and wanted to hear from you all if you have any advise for me. + +I'm currently in my mid 20's, growing up I worked really hard in middle/high school to get good grades and ended up attending a private university. When I got there I really struggled to keep up with the smart kids around me, it felt as if I was constantly struggling to pass the classes while others just breezed through. I fought through the struggle and mistakes and ended up graduating with a 3.5 GPA with a BA in CS. I'll be honest when I graduated I still did not believe I could code, and this really worried me. The silverlining was that I already had a job lined up making 60k at a tech consulting firm. I have been with them since graduation and now I make 110k. + +It was 1 year after I started working that I learned about FIRE. Fueled up, I immediately began maxing out my Trad 401k, Roth IRA, and HSA accounts. Since then I have continued to save/invest leftover money every month. However when I think about my career it seems now my entire shift has been to work for money. I count down the days until my next paycheck hits my bank account and I can invest it. I also constantly compare myself to other smart people I know on LinkedIn my age who are making more money or are further ahead in their careers. I'll be honest through my current job I feel like I know less than I did when I graduated. I am more confident in my consulting/soft skills but struggle to find another job because of my limited technical skills. With seeing how many people lost their jobs last year I started getting anxiety some days that I'll wake up and would be let go, knowing how hard it would be to find something else. The terrible combination of this jealousy, imposter syndrome, and money motivation factor has basically made my entire day look a little something like this: + +* Wake up at 7AM to shower +* Work from 7:30AM to 5:30PM pretty much non-stop +* Workout from 5:30PM to 6:30/7:00PM +* Cook dinner, sleep, repeat + +I've read about burnout on a few other threads and I do think I fit into the category, but I also don't see how some time off will really help me when I will have to make up all that work afterwards. As mentioned above also, looking for other jobs has been difficult since my work experience has been so soft-skill focused rather than technical, and even the 2 job offers I did get were a 20-25% paycut from what I am currently making. I'm wondering if anyone else here has advice for me or has been in a similar position what they did to help themselves. Thanks for reading the longer post, I love this community and so glad I found it to help begin my FIRE journey. +Sorry for my ignorance if this is common knowledge stuff—but for people who have started with a lump sum of money and have acquired wealth from investing (not a job with regular salary, etc), how do they have “daily” money so to speak without withdrawing from investments? I know that most investments come with penalties and are not meant for constant withdraws, but are more of a long term thing. +[Original Post](https://www.reddit.com/r/financialindependence/comments/bbpcpb/im_about_to_resign/?utm_source=share&utm_medium=ios_app) + +Today was the big day. And it went significantly better than I had anticipated! + +I informed my line manager that I would like to leave the industry to pursue another career. He was incredibly supportive, and said it didn’t come as a huge surprise to him (apparently I don’t have a great poker face!). He’s encouraged me to look for other roles, and is open to me remaining in my position until I find something else. He even gave me some helpful advice based on my interests & skillset. + +I haven’t quite picked my jaw up off the floor yet, but suffice to say I’m a happy bunny. Now begins my search...! I’ll update you all once I figure out my next steps, wish me luck :) +Job numbers are terrible, China trade war, Mexico Tariffs, Inverse yield curve, No rate cut, inflated P/E ratios, literally nothing good is happening right now. + +Yet the market is going up... +There’s something encoded on the back of this NFT GameStop created! https://nft.gamestop.com/token/0x0c589fcd20f99a4a1fe031f50079cfc630015184/0x8a1967f5f93da038ad570a5244879031d010b8efa5c95eadcdf7df0f8cfbd25c +https://www.theinformation.com/articles/sequoia-warns-founders-of-crucible-moment-advises-how-to-avoid-the-death-spiral + +Sequoia has put out some legendary decks/memos, like the Black Swan memo of 2020, but I still think it's worth examining their sentiment. If you can't track down their most recent deck or it's stuck behind a paywall, they raise the following: + +- This is a "Crucible Moment", adapt to the changing environment and invest equipped with information, don't regret investments + +- This will be a longer recovery. Can't say how long, but the tools to help a recovery have all been exhausted. + +- There is no cheap capital anymore. But smart companies will borrow or do equity raises even if on unfavorable terms to survive. + +- Related to the above, we don't have a liquidity crisis, but expect liquidity to be tight going forward. + +- Capital was free for a couple years. Now capital is expensive. We are only now seeing the impact of how the increasing cost of money impacts the real economy. + +- At a high level, the market isn't as challenged as it was in 2001 or 2008, but you need to look beyond the megacaps to get the full picture. + +- Growth at all costs is no longer being rewarded. The market is shifting to reward profitability. Investors are now focusing on near-term certainty. EV/revenue multiples and growth-adjusted multiples have all dropped dramatically. + +- The only way to stop inflation is to stop purchasing and shrink the economy. + +- They don't say it in so many words, but they expect smart companies to have layoffs to become "nimble". + +A/N: Sequoia is obviously more concerned with startups, but they are speaking to the broader market. But it matches the sentiment I am hearing in ventures - expect investment to cool significantly and valuations to plummet. Strategic investors with cash will likely ramp up M&A activity in the short term as they see opportunities to acquire or acqui-hire on the "cheap" compared to the last few years. +22M HCOL $65k salary. Average monthly expenses $2.3k/mo w/ no debt. Once I build up my emergency fund to $10k I plan on working towards maxing out my 401k Basic/Roth that my company offers. This is a key strategy for my plan on building long term wealth and I know it's possible, but it seems daunting. + +This got me thinking, at what salary/age did you begin maxing out your retirement accounts? +Someone once taught me that even if it's not a good one, it's better to have *a* plan than no plan. It wasn't in reference to trading, but I find it just as applicable. Having a set plan in place and sticking to it is one of the major steps a trader can take to improve not only his skills as a trader but also his P/L and consistency + +I've been meaning to write up a portfolio plan for the past couple days, and after seeing [this post](https://www.reddit.com/r/thetagang/comments/gglx68/how_do_you_build_your_thetagang_portfolio/), I was inspired to share it with you guys for two reasons. I'm still new to many aspects of trading and there's still a lot I have to learn, so I think feedback from some of the more experienced traders on here could help me out. But this also acts as a sort of template for newer traders so that they can see how a plan is set up. Mine is definitely not perfect, and yours could be a lot less or a lot more specific. This is simply *a* plan + +&#x200B; + +**Account Size: $25,000** + +&#x200B; + +**Portfolio Metrics** + +Theta: 100 - 250 (0.4% - 1%) + +Delta: -100 - 50 (-0.4% - 0.2%) + +Vega: > -250 (-1%) + +Annual Profit Target: 15% - 20% + +&#x200B; + +**Allocation** + +|VIX > 50|50% - 60%| +|:-|:-| +|30 < VIX < 50|40% - 50%| +|VIX < 30|30% - 40%| + +&#x200B; + +**Undefined Risk** + +Core of our portfolio + +75% of allocated capital + +\~$1,250 buying power per trade (\~5%) + +\~$250 credit per trade (\~20% ROC) + +Place trades in high IV with 30-45 DTE, mostly short strangles with some directional plays to hedge portfolio Deltas + +Manage winners at 50% of max profit + +Roll expirations to next month at 21 DTE (if possible for a credit) + +Use counter-management strategies to reduce losses and hedge Deltas + +&#x200B; + +**Defined Risk** + +Strategic diversification, Delta hedging, Vega hedging + +25% of allocated capital + +\~$250 buying power per trade (1%) + +\~$125 credit per trade (for most trades) + +Place short premium/Vega strategies in high IV with 30-45 DTE, mostly credit spreads and condors + +Place long Vega strategies in low IV with 30-45 DTE, mostly calendar and debit spreads, as a volatility hedge + +Manage winners at 50% of max profit (for most trades) + +Roll expirations to next month at 21 DTE (for most trades) + +Defined risk trades will be managed less aggressively on the losing side. Mostly just holding and rolling out + +&#x200B; + +**Low Vol Playbook** + +Reduce allocated capital + +Increase ratio of defined risk to undefined risk (up to 50/50) + +Increase # of long Vega trades and long portfolio Vega + +Reduce Theta targets slightly + +Increase # of earnings trades as volatility starts to become scarce + +&#x200B; + +**Early Profit Playbook** (+10%) + +Reduce allocated capital significantly (up to half) + +Increase ratio of defined risk to undefined risk (up to 50/50) + +Reduce portfolio greeks slightly + +If the profits are lost, return to normal mechanics + +&#x200B; + +It should be noted that this setup has a pretty considerable amount of risk, this will just be used in a paper money account right now, and eventually someone else's money (hopefully). If I were trading an account this size of my own money, it might look slightly different +What is Bitcoin, Cryptocurrency and Blockchain? + +Bitcoin and other cryptocurrencies are a type of digital currency that is “mined” using computers. These computers use time and energy to decipher algorithms which lead to coins circulating into the currency. Some types of coins, like Bitcoin have a fixed number of coins that can ever be mined while others are limitless. As more coins are mined, the next coin becomes harder to mine, and it will take more computer power to find. + +Blockchain is a new technology that has come from Bitcoin and it is essentially a record of transactions of every bitcoin. This list of transactions is an evolving record and is added to simultaneously with any transaction. This means that anyone can see any transaction. The value of this technology is that it is decentralized, and no one really controls it. There is nobody to profit on the movement of value and it should create a more efficient market. However, central banks and financial institutions around the globe are beginning to develop their own technology. It will help these institutions become more efficient, and they hope to better serve their clients. + +Why I am not investing + +Bitcoin and other forms of cryptocurrencies are a bubble. Because of this, I will not invest in them. The long-term outlook of Bitcoin and other cryptocurrencies does not seem great to me, and I will explain why. + +The Anatomy of a Bubble + +According to James Montier, in his article Behavioral Investing: A Practioner’s Guide to Applying Behavioral Finance, there are five stages of a bubble, and I believe we are currently in the third stage. The five stages are: displacement, credit creation, euphoria, financial distress, and revulsion. + +Displacement + +Displacement is a market reaction that creates profitability in one area, while shutting down profitability in other areas. Now, this does not have to actually occur to begin a bubble. The perceived idea that it will occur in the future is what starts the bubble. The Dot Com bubble started because the internet was going to revolutionize the way that people do business. The same can be said for Bitcoin. It may one day revolutionize the way people exchange money, but how? Like the Dot Com bubble, investors are throwing money into cryptocurrencies without really knowing the magnitude of change it will create. + +Along the lines of not knowing the magnitude of change is the fact that these currencies are unregulated. At any time one government or another can setup laws that either hurt the viability of the currency, or outright ban it. A popular conception of cryptocurrencies is that they are used to exchange money without any government intervention or insight. They are used to launder money or exchange illegal goods on a black market behind the backs of regulators and law enforcement. All it will take is enough bad press of the currency for law makers to act on it. When ransomware thieves around the globe are asking to be paid in Bitcoin, politicians will eventually denounce the currency to win more votes. + +Credit Creation + +This stage of the bubble is formed when there is monetary expansion and/or credit creation. This fuels the fire, and causes the bubble to inflate. As more money is thrown into the asset, prices go up. As prices go up, it fuels even more expansion because people are seeing great returns and want to get in on the action. It is a self-fulfilling prophecy. + +Currently, United States investment assets are inflated, especially in the bond market (read “Unintended Consequences of Easy Monetary Policy“). Highly liquid markets fuel asset bubbles, and in this case, they are also fueling Bitcoin. As investors have more money to invest, they need to figure out where to put it. If they cannot find an asset that looks great because valuations are so high, they turn and look at Bitcoin and think “Wow it has returned 2, 3, 400%, I want in!” This in turn raises Bitcoin prices and makes another investor put their money in too. This is the self-fulfilling prophecy. Investors perceive the asset as being a good investment when really it just the demand for the asset pushing prices up, not value. + +Euphoria + +Euphoria is the third stage of the bubble, and I believe Bitcoin is in this stage. This stage is when the returns of the asset are so great that people invest because of the fear of missing out. Their friends tell them that they made all of this money in Bitcoin, they see charts popping up on their newsfeeds that say “If you invested $10k 7 years ago, you would have over $700 million…” This inflates the bubble. People see these images and get upset that they have not already invested. $10k into $700 Million? Who doesn’t want a piece of that action? + +Another euphoric characteristic of cryptocurrencies is that every company seems to want their own. Companies are having ICOs, or initial coin offerings, where they start their own cryptocurrency and raise money through the offerings. Burger King released a version of cryptocurrency called the WhopperCoin. This is just like the Dot Com bubble. “Companies” opened a website and went public. Investors threw cash at them simply because they had a website. The same is happening with these ICOs. Investors are throwing cash everywhere with the hope that one of them will be the next Bitcoin and turn their $10k into $700 million. + +Financial Distress and Revulsion + +These are the last two stages of a bubble. Financial Distress is characterized as insiders see the end is near, and they start to get out. They sell their shares because they know they are not sustainable, and that share prices are going to fall. I am not aware of insiders of Bitcoin, but eventually people are going to cash out, and it is going to cause enough damage to scare everyone out of it. This will cause a spillover into the other types of cryptocurrency, and only the very strong will be able to survive. + +Revulsion is when people are hurt by the bubble popping. They are hurt so badly that they refuse to go back into the investment, even if it becomes a good value. This is the final stage of a bubble. + +Some readers may be thinking that the I am wrong and that this will change the future. Bitcoin and cryptocurrencies will change the way people pay for groceries, pay for movie tickets, and pay for their Amazon orders. They may not see or they simply ignore the similarities of Bitcoin to the Dot Com bubble. Well here is my rationale on why a global currency, without the rule of government, will not occur. + +Future Global Currency? + +If you were to ask me while I was taking my college economics classes “What is the quickest way to make markets more efficient?” I would have told you a global currency. A global currency would get rid of exchange rates, it would make transactions a lot easier, and it would make investing easier as well. It makes markets more efficient because there is no reason to worry about exchange rates. You would be able to go to any country and spend the same currency as your home country. It is like having a Euro in the Euro Zone, but for the entire world. The problem with the Euro however, is that some countries want a strong Euro while others want a weak Euro at the same time. If the Euro was not competing against other currencies, none of that would matter though. You would also be able to order anything online from anywhere, and not have to worry about exchange rates. Have you tried to order something you had to pay for in a different currency? It is intimidating and it will usually cost you extra money in fees. + +It would make investing easier as well. A global currency means that you do no need to worry about exchange rates and revenue return. Suppose a company is in a US Dollar strengthening environment. As the dollar strengthens their goods become more expensive. The exchange rate works negatively in their favor, and it reduces their returns. the company either leaves prices the same, and sell less, or they lower their prices and their margins take a hit. Either way, the company loses revenue and their balance sheets weaken. The current monetary structure requires analysts to determine the future strength or weakness of the currency, and how that will affect revenue streams. A global currency can eliminate this. So with all the good a global currency can achieve, why won’t we have one in the near future? + +If there is anything the recent Brexit vote and election of President Trump have taught us is that people do not trust immigrants, foreigners, and globalization. Books can be written, and many have been, on why these are all important and good factors to a capitalist economy. However, not enough people understand, or want to understand how these help. Because of this, a global currency cannot be achieved. + +A global currency would have to be run by someone. It would require a panel of people from around the world to make monetary and policy decisions. There is enough people that feel the United Nations, NATO, and International Monetary Fund do more harm to their country then good. They have elected a president that threatens to restructure, leave, or pull funding from these organizations. They see globalization as a bad thing, so how could they ever go for a global currency? Simply put, there will be foreign people making decisions, and because of this they will never trust it. + +The Future of Bitcoin + +Left unregulated Bitcoin may stay around, but only to fill a niche market of money laundering and black market deals. Once it is regulated, it is hard to see what it becomes. It may become an internet currency, where users can only purchase these coins to do a transaction, but most of their funds remain in a normal currency. + +Blockchain, on the other hand, will stick around. The technology is already being invested in by most big banks, and even the Federal Reserve. This tool will make financial institutions much more efficient. If it can be properly implemented, bank processes will be cut down. This will save time, and hopefully keep extra dollars in their consumers accounts. + +Thanks for reading and happy trading! + +Go to www.brtechnicals.com/blog to read more articles like this one! +I financed my first car when I was 23 years old. I had previously gotten my first car at 21 years old, paid in cash and when it broke down I decided to finance something a bit nicer. I went to a small dealership and financed a 4 year old Honda fit, put 2k down and financed 6k at 26%. I knew it was a horrible deal but felt like I didn't have any options never having financed anything before and with 0 credit history. 6 months later I threw my tax refund at it and finished paying it off. I was lucky, but it's crazy to me how it's legal to get loans with these kinds of terms. Often people like us who have no experience financing anything with very little financial guidance and knowledge. +I'm not looking for sympathy, but I just want to share my story so that someone else doesn't have to go through it. + + +This morning I surrendered my dog, Jude, to the Animal Welfare League of Arlington. I had been living in a place that didn't allow dogs and snuck him in. The reason I did this was because I never had the money to pay per deposits or live in a pet friendly place. + + +Please make sure your able to take care of ALL the financial aspects of pet ownership. + + +Edit: Thanks for having a great dialogue about this and for both kinds words and tough love. I hope this learning experience is something other people grow from in addition to me. +My main job requires a certain level of mental acuity and restrictions to my workday that can make overtime difficult, so I'm looking for ideas about what I could potentially do that's different on the side. +I went through my trading history today and found a few painful examples. Figured it would be fun to share and could serve as a good example for people new to the space to understand that hodl is not simply a meme. Back in 2018 &amp; 2019 I sold: + +* 525 LINK +* 32 BNB +* 22.7187 ETH + +For a total value of $7750. Today it would have been worth $135 924. As a student, that would've been quite life changing. + +Don't be like me kids. Hodl on to your crypto. + +Thank you for coming to my Ted Talk. + + + + +**EDIT:** wow, this got a lot more attention than I thought it would. Glad to hear all your stories and input! Just thought I would clarify a few things, as there are a few common themes in the comments. + +• I am not bitter about these trades. They were the inevitable mistakes required to learn about investment for me who had no previous experience of it. You win some, lose some but what’s important is if you learn from it. I’m just happy to be a part of this crazy and exciting time. + +• I realize “HODL” is not a silver bullet to investment, or even a good strategy in all cases. The point I was trying to make was more about that patience can be valuable, rather than give financial advice. The tide raises all ship etc. + +• $135k is not “fuck you” money and wouldn’t make me crazy rich. But it would’ve been life changing for me since it would’ve been a great down payment for an apartment, something that would otherwise be out of reach for me for many years to come. Therefore, it would be my moon and life changing. Maybe just not in the sense many people in this subreddit imagine or wish for. + +Have fun out there and don’t invest what you can’t afford to lose y’all :) +So as the title says, lost my job. I live in North Carolina and I've been a childcare teacher for this place for about 2 1/2 years and was forced to resign due to someone else's mistake. I don't want to go too much into details in case someone working there sees this post. +I have no income from my side, luckily my husband has a job but is getting less and less hours (used to be 40 but being dropped to 25 this week, retail is so fun /s) so at least we have some sort of money coming in. No where near enough for our bills to be honest though. +What can I do right now to bring in some sort of income? I've already applied to nearly every job in my small town. Because I've been in childcare so long people don't want to put me into a different type of job. I have over 8 years experience in childcare but after being burned by this last place I really don't want to work in childcare again. +I have this semester to finish and then literally one class in the summer to take and I'll have my early childhood education degree. Looking at that degree, I literally cannot get a decent paying job and I wish I never went for it. +I've only ever been paid $1.50 over minimum wage and we were not in a good place then to be honest. +We have no kids, we barely eat out, we cut corners wherever possible. +This has been a bit of a rant but I really could use some advice if possible. +Thanks. + + +According to [this source](https://np.testnet.redditspace.com/tokens/0x138fAFa28a05A38f4d2658b12b0971221A7d5728/token-transfers) we currently have 114153 Moon Addresses. +On this subreddit we have 3.5m users. So only 3.25% have opened up a vault. + +Each month Moons are getting distributed to the users based on their earned Karma. +You gain Karma by getting upvotes. + +In order to farm Moons, you need to open up a Vault first. +If you haven't opened up a Vault, you are missing out on free Moons. +You can earn quite good pocket money just by participiating in this sub. + +Just open a Vault [here](https://np.reddit.com/vault/), it's simple, fast and free. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The last post got deleted because it contained the current price of a Moon and price discussions about Moons are not allowed. +TORONTO -- Canadian Tire Corp. Ltd. reported a loss in its latest quarter as sales fell due to the steps taken to slow the spread of COVID-19, including the temporary closure of its SportChek and Mark's stores. + +The retailer says its loss attributable shareholders totalled $13.3 million or 22 cents per diluted share for the quarter. + +That compared with a profit attributable to shareholders of $69.7 million or $1.12 per diluted share a year ago. + +Retail sales for the quarter were nearly $2.76 billion, down from $2.83 billion in the same quarter a year earlier. + +On a normalized basis, Canadian Tire says it lost 13 cents per share for the quarter compared with a normalized profit of $1.12 per share in the first quarter of 2019. + +Analysts on average had expected a loss of 11 cents per share and $2.79 billion in revenue, according to financial markets data firm Refinitiv. + +https://www.bnnbloomberg.ca/canadian-tire-reports-q1-loss-sales-fall-amid-store-closures-1.1432753 +I have read many people believe the current rise in interest rates will tank housing. I have an alternative theory that in strong markets a reasonable amount of mortgage rate increases, 2-3% from here, could actually have the opposite affect on existing homes, as listed supply drops from current levels. My belief is most homeowners either bought or refinanced in the last 2-3 years and locked in 3% or less 30 year fixed rate mortgages. Most people are not going to want to list and sell their existing home and give up their 3% loan so they can move and buy a new one with a 5% loan. They will stay put and not list their home unless they absolutely must move or they get offered such a high price, they can’t refuse. I believe this is going to lead to a large decrease in the number of available listings in many markets already competitive because of low listed inventory. Thoughts? +Hi! + +To preface, my SO and I own a few rental properties, totaling 6 units near where we live outside Baltimore. We manage those our selves fine. + +We love going to the beach and spend 5k a year on a beach house for two weeks every year. So in January we are looking to buy a beach house in OCMD, for pleasure, but we do want to recoup some of the cost by renting it out for the first 5 years . (After 5 years our actual house will be paid off) in the neighborhood we are looking at , the houses rent by the week during the prime 10 weeks of summer for 2500 per week. + +We will not be able to manage this property ourselves. Does anyone know or could give me advise on how much property managment company’s charge to take care of move-in , move-outs cleaning ect..is it a flat fee, percentage? I honestly don’t even know where to start. I’d like to proforma it. + +Any advise would be awesome. This is more of a pleasure purchase but figured this is a great place to get some info. +Finance is unfortunately a taboo topic and talking about your achievements can disappointingly come across as a gloat which can create resentment. + +I’ve recently reached a significant milestone in my financial journey and would love to celebrate somehow but I am struggling to find something suitable. It’s not something I can share with the world (I guess I could but the first paragraph would apply) so I’m wondering how you guys go about it? + +Keen to hear some of your answers! +For some, this may be pretty standard already. But I noticed that I've been in the habit of convincing myself I need to buy something. Most times it goes unnoticed: you find a good watch that's reasonably priced, and because I can afford it and I've convinced myself it's "reasonably priced" then I make the purchase. + +That, I realized, was me in a short-circuit decision-making process. In a much longer process, which is likewise a bad habit, is me deciding I need to buy a Macbook Air because my Macbook Pro is heavier -- and because I need the Air so I can run a venture while in transit. That's me trying to convince myself. + +As a way to manage this better, everytime in the tipping point of making a buy decision, I check myself if I'm spending time to convince myself -- ie I need a new Allen Edmonds pair for this business meeting with a new client. That's me making stuff up to convince myself I need one. So, these days - I make a concious effort to stop. + +This may be a no-brainer for some, but for people prone to making these impulse buys (where we are convinced they were pretty smart buys), this is, to a degree, a HUGE step already. + +The next step is to plan my purchases a week or a month in advance. Hoping it develops into a habit to make more "strategic buys" +I think it is very clear it has literally no impact whatsoever. For apes that have been around for a while, this isn’t news. But can we stop taking about ‘hitting it’ or hyping it. + +Let’s face it, until there are actual laws or regulations upheld against the hedgies, the present ones do not stop them from doing whatever the fuck they want to the stock. +Yo. This is maybe the weirdest thing ever, but I am the original creator of the baby that was plagiarized for your old logo which I guess was recently changed. I'm currently quarantined like everyone else so I figure now's as good a time as any to meet n greet and what not. AMA. + +If you're not aware, the basis for your (old) logo came from an educational animation I made 8 years ago for TedEd, about moles. Here it is: [How big is a mole?](https://www.youtube.com/watch?v=TEl4jeETVmg) (the relevant drawing can be found around the 3:20 mark). Also, here is a [gif.](https://media.giphy.com/media/Y0O9TgOM9hoBy/giphy.gif) + +[and here's proof if you care i guess.](https://imgur.com/a/PwuxN4Y) + +I came across this sub randomly while scrolling years ago and basically did a double take, since the logo (with hair and different color suit) was not drawn by me, it was pretty clearly copied from the TedEd animation and I recognized it anyway. I had no idea what to do with the information that an old piece of art I made was plagiarized and being used for a logo of a sub whose purpose I can't quite understand, so I just kept it to myself as a weird thing that happened. + +Someone alerted me to the fact that the logo has recently been changed, and tbh I was kinda bummed lol. I feel compelled to state that legally I don't own the original artwork, that would be TedEd, so if it was flagged for copyright I can't help you. but if it were up to me you'd have my blessing. +How do I make up for the lost years of medical school and residency? + +Hi all, I have been accepted and am starting medical school in 2020 at 22 and can not help but think about the time my education and residency will cost me. My question is mostly one of long-term strategy to keep in mind and build on over the years, as odds are I will not be a fully practicing physician until ~2031, age 33/34. I come from a line of physicians, and medicine is something I am passionate about way beyond the money. That is why my goal is to use to become financially free and not need to depend on working more hours/taking more patients/doing more surgeries to make a my cost of living affordable. + +Residency salaries are mid 5 figures, and ideally I hope to purchase my first (cheap) investment property at some point during my 6-7 year training. + +**What FIRE steps can I start taking during residency, and what knowledge should I aim to gain from now until end of medical school to put me in the best position?** + + +My friends are all getting "real jobs" now and will be working for about 10 years before I truly start working. How can I best try to overcome that from now until then, and beyond? + +Should I be aggressively saving the small amounts of money I make currently? (Small jobs/college moving business) +Hi. I work in this industry and I've observed that the majority of articles out there on the topic of high frequency trading are misleading, misinformed, and complete nonsense. Most of them are hearsay from non-market practitioners who do not have a solid understanding of finance, trading, or how exchanges work. They mostly seem to feed the interest of the general anti-finance crowd, and don't spend a lot of time looking at the actual business. There are a few common misconceptions that I'd like to address. I would also like to point out that like most industries that have only really been around for 10 years, its still been somewhat of a bumpy ride (like what happened in the flash crash). + +1. Volume increasing means that participants are simply updating their view of prices faster. Thats about it. This is just the evolution of the marketplace and can not be reversed. + +2. High frequency traders compete against other marketmakers to compete on providing the tightest spread possible for securities. They are not stealing money from the average joe. + +3. There are too many competing algorithms in this ecosystem to materially affect prices in any way. Worried about trending? There are mean reversion algorithms. Worried about feedback loops? There are liquidity providing algorithms. + +4. What the boom in PhD's in this industry means is that in 5 years it will be efficient as fuck, and they will move on to another lucritive problem that pays them well. + +5. Marketmakers have always existed in this environment, and they fucked the average investor much harder than algorithmic traders could ever dream of. + +6. The value add of algorithmic traders is to source liquidity dynamically as it is needed across any securites that are algorithmically traded. You pay them for immediacy. That is how they make money. + +7. **Europe is on the verge of MELTING THE FUCK DOWN. THAT IS WHY THIS VOLATILITY IS PERSISTENT OVER THE PAST FEW MONTHS.** + +8. The flash crash was caused by a human trader, which sent shockwaves through a relatively fragmented market, and caused participants to sell off. Luckily, the markets recovered almost immediately (whereas, if you look at the market crash of 1987, it took weeks). I'm not saying that the system is perfect, I'm just saying that the resiliency of the marketplace has been significantly improved overall. + +9. ALMOST ALL OF THE BROS complaining about HFT (like Themis) have literally ZERO edge left besides that they are good at marketing. They are doing all they can to defend their antiquated market position because they see that the gravy-train is over for them. If you look at the loudest voices against electronic trading, it is the old players who were out-innovated, and no longer are competitive. + +This is not a scam, it is an improvement overall in market quality, and I wish there was better information out there, so that I didn't have to write these same points WEEKLY because someone on reddit gets all worked up over some nanex/zerohedge/paranoid bog. Thanks. + +Care to read up on the topic? + +[Maureen O'Hara is a leader in Market Microstructure Research at Cornell](http://www.johnson.cornell.edu/Faculty-And-Research/Profile.aspx?id=mo19) + +[So is Joel Hasbrouk at NYU](http://people.stern.nyu.edu/jhasbrou/EMM%20Book/EMM%20Home.htm) + +[So is Martin Sewell at the University College London who put together a nice PDF outlining all of the academic research (PDF).](http://finance.martinsewell.com/microstructure/microstructure.pdf) + +[Albert Kyle from the University of Maryland has compiled a similar presentation. +](http://market-microstructure.institutlouisbachelier.org/presentations/Rational%20Expectations%20and%20Market%20Microstructure,%20a%20Primer%20-%20Kyle.pdf) + +[Larry Harris at USC wrote the most famous book in this field "Trading and Exchanges" and also publishes many articles on the subject.](http://www-bcf.usc.edu/~lharris/) + +There are many more of these resources out there. Please read responsibly. + +Good Morning Apes! + +In a move of solidarity, Fidelity has not only lowered the amount of shares to borrow from yesterdays high at 13m, they have removed an additional 1m shares this morning. They take this "very seriously"/s. + +[Fidelity shares to borrow this morning](https://preview.redd.it/fzfkizrfpx281.png?width=557&format=png&auto=webp&s=5f99cb76559d4d8e798881f2902414ed82a22ac2) + +As far as deferred settlement goes I was still unable to get a clear answer, but it seems that if they provided a written extension request by the 23rd then they could potentially be deferred till today at the latest. So if we see any significant price movement today this is likely the reason. If not, well they've had T+7 to cover any exposure diluting expected volume, and causation would be difficult to prove. + +[ https:\/\/www.finra.org\/rules-guidance\/notices\/information-notice-120120 ](https://preview.redd.it/2auvf5z6qx281.png?width=1354&format=png&auto=webp&s=e41eaa166d0fd2ec7a11e69fef06d467f09141ce) + +If this was a share recall or margin call this timeline indicates that capital deposits for that would be delayed till December 13 and a call wouldn't occur till December 16th. + +Lastly, starting tomorrow I will be looking for price improvement and volume that would indicate a potential roll of the futures contracts between December 2nd and 9th as per my DD. + +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 + +Looks like we are now past the deferral window and can confirm that whatever exposure needed to be cover in fact covered or margin limits were failed. If someone was to present me with evidence of a dip before the rip I think it would look something like this. Misreported information, sudden appearance of large percentages of the float, SI% being reported higher than float outstanding, increased foreign arbitrage, and a massive drop in the stock price on the final day to settle that exposure. If you look at the VW squeeze this mimics a lot of the things that occurred before that fired off. Thank you all for tuning in, see you tomorrow. + +\- gherkinit + +https://preview.redd.it/uzszij0nxz281.png?width=691&format=png&auto=webp&s=f61d6dab74e64cb4f9774049be7b8d704a375b07 + +Edit 4 3:33 + +GME down to the EMA 160 right now, historically this has been a very profitable buy signal for call options and low cost stock entries. + +https://preview.redd.it/af0ggg7qrz281.png?width=1624&format=png&auto=webp&s=545454d87d95c6b6ffdf6085f750d6a4e1d9dcb4 + +Edit 3 1:28 + +Gapped up on this bullish reversal after a drop below the 120 EMA volume is still low but the upside trend looks solid + +https://preview.redd.it/b7qq9eza5z281.png?width=1621&format=png&auto=webp&s=3eb79984bdae0541d748fd21ed85472246b323a4 + +Edit 2 12:31 + +Downtrend continuing throughout the day, low volume shorting and lowering of IV are generally indicative of the covering period coming to an end and we are continuing through the mid-day, there is some evidence of rolling of the S&P 500 E-mini futures so we may see a roll of the S&P 400 and R1K as well( thanks to u/Turdfurg23) + +https://preview.redd.it/pgsgt9anvy281.png?width=1620&format=png&auto=webp&s=647f9b901158c4148c573cae1745946773561f7a + +https://preview.redd.it/usxum1mpvy281.png?width=1116&format=png&auto=webp&s=4a5beec8a64da80e2cbff1e7790cac1d53193c3c + +Edit 1 10:50 + +Slow downward drift even though the SPY has made back some ground that was lost yesterday GME has not. Current volume @ 388k. Some shorting on wide bids and very little buy pressure for the early part of the day. No significant borrowing as of yet and a few ITM puts but not very deep mostly around 195-200 strike. + +https://preview.redd.it/3aj0uk23dy281.png?width=1620&format=png&auto=webp&s=4c80cc192641bf888fc7aaffa2f371157083664a + +# Pre-Market Analysis + +GME climbing back up with the broader market today. + 1.4% in pre-market with volume traded at 10.2k so far. Max pain is at $207.50 and there is also a gap to the upside around 210. + +Shares to Borrow: + +IBKR - 400,000k @ 0.6% + +Fidelity - 1,202,409 @ 0.75% + +[GME pre-market 1m](https://preview.redd.it/d85wndt8tx281.png?width=1612&format=png&auto=webp&s=620806eb39e7289a196f119a8241ae836f84d3cb) + +CV\_WAP : + +https://preview.redd.it/lzmybhpjtx281.png?width=2445&format=png&auto=webp&s=d194413e790a55eb9c7ee8efdb2b643a42f6d7ff + +**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/) +Hi all! + +I've mostly tried to keep my overall usage (across all my accounts) under 30%, but I use one card that has the best rewards most often for day-to-day. The credit line on it is fairly low, so I sometimes go up to 80% or 90% usage on that card, but stay under 30% across all cards. + +I can and have paid it off in full every month, but I'm wondering if paying it off as soon as charges clear will help me boost my credit score? I'm not sure which matters more in terms of credit calculation, individual card limits or overall. I'm guessing it wouldn't hurt to do, since it'll probably keep my overall lower too, but I'm hesitant since I do see the limit on that card as a monthly spending budget, so I may end up spending more if I can't see the total I've spent easily. + +I did recently get a small bump in credit line on that card, which did help my credit score. I plan to use it exactly the same as before (not go over the previous limit), but the extra credit means I might be able to apply some bills to it that are currently just direct deposit (earn more points) and pay them off immediately. + +Any advice? Am I completely off in terms of how credit lines calculate into your credit score? +Hi Reddit. Looking for any suggestions on how we can invest and/or build our wealth. We do not have children (no plans to either) and are both working middle class full time jobs in Canada. + Feels like it should be a bigger story they’re creating a recession on purpose and openly admitting it’s to crush labor. Lot of people are going to suffer and lose their jobs so employers can rest easy knowing their workers can’t demand better pay and/or conditions ... +“For over 60 years, I’ve been able to tap dance to work, doing what I love doing,” Warren Buffett says in an HBO documentary slated to premiere at the end of the month. “I just feel very, very lucky.” In fact, he says he “won the ovarian lottery.” +http://www.marketwatch.com/story/from-6000-to-67-billion-warren-buffetts-wealth-through-the-ages-2015-08-17 +The peak was achieved on February 12th, when the DJIA hit 29,568.57 at its very highest. + +-20% from that peak is 23,654.85 which we just dipped below. + +By many colloquial definitions, a bear market "officially" occurs when we are below this threshold. + +So, yeah. We're there whether it will be sustained or not. +Yeah it may not be the proper term because an emergency fund is meant to cover any major issues that may come in your life (car issues , job loss, etc). Although when I started actually calling it a Freedom fund (primarily Freedom not to be in debt if my car breaks down or Freedom if I loose my job to take a break and travel or look into exploring new career avenues) , I definitely felt more inclined to hold off on buying superfluous things and put money away. + +I think the term “emergency” kinda scares people or makes people think “man emergencies won’t happen to me” or “ I don’t want to think about bad times”. Although I think when we put this into a positive tone or word , it really makes you feel like you are going towards something more important that superfluous things. + +Edit: Wow, didn't realize this would receive so many replies. I just wanted to say I really appreciate the kind feedback and feel great if this motivated you to save more as well! Oh and also, yes I am 'merican. + +Best of luck to everyone in their 2018 goals no matter what they may be! +Anyone following Numinus or the psychedelic industry in general? Thoughts? + +Feels a lot like the end of 2017 before the huge cannabis bull run. + +$NUMI is the first publicly traded company in Canada to be granted a licence by **Health Canada to test, possess, buy and sell MDMA, psilocybin, psilocin, DMT, and mescaline.** + +Investor Deck: + +https://numinus.ca/dist/assets/docs/Numinus-Corporate-Deck-2020_12-FINAL.pdf +Any Pension Managers that invested with "Melvin Capital" knew the risks before hand. Melvin's Form ADV Part 2 Brochure outlined the risks of investing with Melvin. + +The Form ADV Part 2 can be found here... + +[https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd\_iapd\_Brochure.aspx?BRCHR\_VRSN\_ID=755016](https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=755016) + +[https:\/\/adviserinfo.sec.gov\/firm\/summary\/173228](https://preview.redd.it/sn86kbgflm091.png?width=1250&format=png&auto=webp&s=92f53abe6d7b0db14f0fad49079e332dcf9adac1) + +**The word "short" is listed 32 times in the Document...** + +https://preview.redd.it/s6ius62olm091.png?width=1104&format=png&auto=webp&s=768a93b8181fb789390498728b82a2a7b9ba453a + +[Page 13](https://preview.redd.it/efqvnfvemm091.png?width=686&format=png&auto=webp&s=1c51aad889c341d41175b32b430f448efd182f74) + +**My speculation is the Pension problem is much bigger than Melvin and when this market crashes a lot of people are going to be in shit = Apes never spoke about Pensions, it was Brought up by Ken and Co and has me to believe there is more there and some bad shit is going to come out -** + +The managers knew the Risks when they invested in Melvin - it is on those managers - not Apes or retail. Ken is wrong when he blamed retail for losing Pension Money. +AI blockchains have been gaining a lot of speed recently. DBC is definitely one of those coins to look out for, backed by a real company with real products, it really can't fail. It's not some vapourwave like a lot of the coins in the top 100 are. Also NEO ICOs have been absolutely killing it lately, definitely a big year coming for a lot of NEO related tokens like RPX, DBC, CPX, etc. +I’ve been day trading for a little over a year now and initially I lost some money because I was still learning the way but over time I’ve been able to successfully manage risk and become profitable. However, when you tell people that this is what you are doing and they say isn’t that just gambling? It really really bothers me because it’s a whole skill involved in this line of business. And the more you try explaining it to them the more they say sounds like a gamble to me. I guess I’m just really annoyed because to me it sounds derogatory to myself and all the day traders out there who actually enjoy doing this and are successful. + +I just want to know has anybody else gone through a similar situation like this where they talk down on what you do or simply call it gambling? How do you deal with it? + +EDIT: I am extremely thankful to everyone who took their time to read my post and reply. I have read and keep reading every new comment that is being made and I am grateful to all of you even some of the constructive criticism I have received lol. I just got to be better at ignoring all the noise from people that simply don't understand what we do and let them quiet down as time goes on. Just wanted to take a moment to thank you all. Appreciate you all! +Sort by new. 1 post 1 minute ago. Another 4 minutes ago. Next one is 6 minutes ago. 30k apes online as we speak. There's no way we all just went mute. No Daily Discussion thread. Wtf is happening? Is it the mods? Reddit itself? I'd be surprised if anyone even sees this post at this rate. +Backstory: My wife and I are both 24. I'm a PhD student, making $28k/year. After being unemployed for the first half of 2016, my wife is now employed as an elementary school teacher, making $34k/year. We got married right before the start of 2016. We live in a very low cost-of-living area, so we don't have huge rent expenses. + +I'll admit it; I've always been a bit of a numbers geek. So, at the beginning of 2016 my wife and I decided to pay for everything via credit card, so we (I) can track our expenses. I break everything down into categories each month, and I calculate our average expenses per category. I know there are some programs out there that will do this automatically, but I wanted to do it myself because 1) I found that it really didn't take much time, and 2) I wanted to be able to separate expenses into categories manually (example: being able to separate buying $50 of groceries and $25 of school supplies in one run to the grocery store). + +I won't go through category-by-category since I'm sure most people don't care, so I'll go through some of the highlights/lowlights: + +* Before my wife started getting paid, we were about $1000/month in the hole. Luckily, I had about $30k saved up via working in high school/college, summer internships, etc., so this wasn't a huge issue. By the end of July, we were about $3k in the red for the year. It would've been much worse, but we got a $4k tax refund, which helped immensely. + +* Despite being $3k in the hole at the end of July, we were back to breaking even for the year by the end of September. By the end of December, we were able to save $3500 for the year. It's less than I'd like to save, but it's better than nothing I guess! + +* We spend way more on eating out than I realized! We spent about $3800 on eating out in 2016. A significant portion of this was due to the fact that we go do trivia with our friends every other week; once we both eat and have 1-2 drinks each, we're looking at a $40+ tab. Also, once my wife started her job we started spending more on fast food (she was too busy/drained to want to cook anything together). This is one area we're trying to improve on. + +* Teachers really end up paying for their classrooms out of their own pocket! Before she started her job, we were spending about $40/month on school supplies (books, pens, paper, etc.). Since she started teaching, we're up to about $200-250/month in expenses between the two of us, mostly spent on supplies for her classroom. + +* Adopting a dog is more expensive than you'd think. We adopted a dog from a local rescue in January. Between adoption fees, vet visits, toys, food, and supplies, we spent $850 in the first month alone. She also ended up getting sick a few months later, resulting in several hundred dollars in vet visits and medication. Now that she's all better, we still spend $75/month on average for food, toys, vet visits, heartworm prevention, and getting her nails trimmed. + +* Not really expenses related, but moving our money to a high-yield savings account was definitely worth it! We're now getting about $16/month in interest, compared to the $0.48/month we were getting before. + +* Also not expenses-related, but once my wife signed the paperwork for her job, I/we opened a Roth IRA! There's about $6500 in contributions in there right now, and the account balance is at $7150 or so. + +Anyway, I just wanted to share that I found tracking our expenses manually to be *very* useful, and that it didn't take much time at all (2-3 minutes every night). I highly recommend it! +# Looking for the DRS Mega Post? Find it here + +[When You Wish Upon A Star - A Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Useful Links Provided By Computershare + +FAQ on [Becoming a registered shareholder in US-listed companies through Computershare](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +For shareholders who need assistance with their account (e.g. logging in, password reset, etc.), please review [FAQ](https://www-us.computershare.com/Investor/#Help/FAQ), [email](https://www-us.computershare.com/Investor/#Contact/Enquiry) or [virtual assistant](https://www-us.computershare.com/Investor/#Help) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Computershare AMA Part 1 + +If you have not already, please check out the part 1 AMA we have done with Computershare. + +Transcript and video are linked below. + +[https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare\_ama\_part\_1\_video\_link\_with/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------------------------------------------------------------------------------------------------- + +# AMA Question Requests + +Computershare was kind enough to offer us a part 2 for the AMA, as we could not get around to all the questions and they also recognize there will likely be follow-up questions from part 1 as well! + +The main question theme we did not get around to is the platform functionality/reliability questions, collected from the initial AMA request post. Feel free to request them again - but rest assured they will be a part of the question set for part 2! + +Great questions for part 1, I look forward to reading and compiling them for part 2. + +\----------------------------------------------------------------------------------------------------------------------------------- + +This post is open for questions until 9th November at 12:00 am EST. + +\----------------------------------------------------------------------------------------------------------------------------------- + +Edit: Please note, if you're unable to comment due to karma restrictions and want to still ask a question - ask away as I see them as a moderator when i go through to compile the questions. +We have until **Dec 23, 2022** to comment on a joint [Federal Reserve](https://en.wikipedia.org/wiki/Federal_Reserve) and [FDIC](https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation) proposal requiring **banks at risk of bankruptcy to sell bonds (often marketed to retirees and pensions) to absorb losses**: “[Resolution-Related Resource Requirements for Large Banking Organizations](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221014a.htm)” \[[Federal Register](https://www.federalregister.gov/documents/2022/10/24/2022-23003/resolution-related-resource-requirements-for-large-banking-organizations), [PDF](https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20221014a1.pdf)\]. + +# Absorbing Losses With Bonds + +The Federal Reserve and FDIC are proposing to require large banking organizations to **maintain long term debt** (e.g., bonds\^(1)) **capable of absorbing losses in bankruptcy** (i.e., resolution\^(2)). + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 14](https://preview.redd.it/p8a9n506644a1.jpg?width=2296&format=pjpg&auto=webp&s=49d1fbe0d16af763fe5c890b873a1ded27299bf3) + +Particularly for the largest and most complex large banking organizations, **this loss absorbing capacity** could help the FDIC resolve a forecasted bankruptcy with a [bail-in](https://www.investopedia.com/terms/b/bailin.asp) ([Superstonk](https://www.reddit.com/r/Superstonk/comments/q3ifam/your_tendies_r_at_risk_in_a_global_and_domestic/)) [instead of a bailout](https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp). + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 11](https://preview.redd.it/outy3g88644a1.jpg?width=2296&format=pjpg&auto=webp&s=554a5e6e739104bddf364274aacffcec643b6273) + +When the bank goes bankrupt and **bails-in** the long term debt, the value of the debtholder’s note (the bonds) get wiped out. + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 19](https://preview.redd.it/aymiunyb644a1.jpg?width=2304&format=pjpg&auto=webp&s=ddec072a900dafed99d0088fe3d1c102fdb21e20) + +Meaning the Federal Reserve and FDIC are proposing to require banks to look for “investors” to buy crappy bonds in banks about to go bankrupt to soak up losses. + +*Why does the Federal Reserve and FDIC want to throw investors under the bus?*  Because having bond “investors” buying **loss-absorbing resources** to soak up losses “would be less costly to the [DIF \[FDIC’s Deposit Insurance Fund\]](https://www.fdic.gov/resources/deposit-insurance/deposit-insurance-fund/) than a payout of insured deposits”. + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 13](https://preview.redd.it/rvx6r1gh644a1.png?width=2856&format=png&auto=webp&s=f92a9df3bdd5e4d6878ea21fd6a46f8f2e7ef5c8) + +Which means the Federal Reserve and FDIC are proposing to require banks at risk of failure to sell crappy bonds to ~~suckers~~ ~~bag holders~~ “investors” to soak up losses first *so that FDIC insurance can pay out less*. + +# Bonds Targets Retirees and Pensions + +You may remember [Kenneth C. Griffin](https://en.wikipedia.org/wiki/Kenneth_C._Griffin) said [pensions were going to get wiped out](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/).  Bonds are another path for how pensions and retirements get wrecked as the financial industry recommends bonds as a safe investment, especially as one gets older towards retirement.   + +[T. Rowe Price](https://en.wikipedia.org/wiki/T._Rowe_Price), a global investment management company, has [this article about asset allocation](https://www.troweprice.com/personal-investing/resources/insights/asset-allocation-planning-for-retirement.html) (Aug 2022) which recommends investing more heavily in bonds towards retirement: + +https://preview.redd.it/z6gxg44f744a1.png?width=1280&format=png&auto=webp&s=466a09ac307d7665bf944ee4c22c9d19381e07a4 + +[Charles Schwab](https://en.wikipedia.org/wiki/Charles_Schwab_Corporation) also recommends “[Structuring Your Retirement Portfolio](https://www.schwab.com/learn/story/structuring-your-retirement-portfolio)” (March 2021) with more bonds as you get older in retirement. + +https://preview.redd.it/n4yvm90k744a1.png?width=1592&format=png&auto=webp&s=aa37f6c0fea0614d0ac79943a0bb704cbf4f92a4 + +JP Morgan recommends “[Building Better Retirement Portfolios](https://am.jpmorgan.com/hk/en/asset-management/adv/insights/retirement-insights/building-a-better-retirement-portfolio/)” by investing more heavily into bonds towards retirement  ([remember JP Morgan selling $13B worth of bonds?](https://www.reddit.com/r/Superstonk/comments/mrm243/jpmorgan_to_sell_13_billion_of_bonds_in_largest/)): + +https://preview.redd.it/df212pmm744a1.png?width=1888&format=png&auto=webp&s=b4f05b0b7e75d5072d9166677aa3c8cbcf115678 + +Bonds' history as a safe investment means Wall St, with help from the Federal Reserve and FDIC, is weaponizing that reputation against investors.  Recently, “[**BlackRock** Touts Its Ideal Asset Mix to Hit Allocators’ Target Returns: The best chance of reaching a 7.5% gain is to **go heavily into bonds**, its study contends](https://www.ai-cio.com/news/blackrock-touts-its-ideal-asset-mix-to-hit-pension-plans-target-returns/)” (Oct 2022) recommends a whopping **85% bond allocation** as “welcome news to **pension** programs and other institutional investors”. + +https://preview.redd.it/kjgwsnpq744a1.png?width=1496&format=png&auto=webp&s=d5ef0c287654c5909fc1da824b23ddc781cb42fa + +UK pension funds have been shifting into bonds with “72 per cent \[sic\] allocated to bonds” at the end of 2021 (“[Pension funds after the gilts crisis: the big asset allocation rethink](https://www.ft.com/content/1854d64f-491d-432e-9899-2fd565e7ff06)” Financial Times, Nov 2022).  And, the OECD says “Assets in **retirement savings plans** and in public **pension** reserve funds are invested mostly in traditional asset classes (primarily **bonds** and equities). Proportions of equities and bonds vary considerably across countries but there is, **generally, a greater preference for bonds**.” ([Pensions at a Glance 2021: Allocation of Assets](https://www.oecd-ilibrary.org/sites/bad9dccd-en/index.html?itemId=/content/component/bad9dccd-en)) + +With **BlackRock’s recommended 85% bond allocation**, pensions and retirement portfolios are going to look for more bond investment opportunities.  The financial industry recommends bank products and corporate bonds to **risk averse investors**, like pensions and those in and near retirement.  + +https://preview.redd.it/ap028nkx744a1.jpg?width=1074&format=pjpg&auto=webp&s=5e04860490e8b3330432241d223c26d22cf20e38 + +**Bank bonds** *appear* to check off two of those safe categories as a *bank* product and corporate *bond* which means Wall St can *advertise* bank bonds as safe retirement investment; when in reality, the bank bonds are for sale because the bank is near bankruptcy and they (the FDIC and Federal Reserve) want ~~suckers~~ ~~bag holders~~ “bond investors” to absorb losses first.  (Don’t expect ratings agencies to help as we learned from The Big Short.) + +# TADR + +The Federal Reserve and FDIC are jointly proposing that large (Too Big To Fail) banks *at risk of failing* be required to sell bonds (typically marketed to pensions and risk averse investors saving for retirement) to absorb losses and reduce payouts by the FDIC Deposit Insurance Fund. + +[Crayon Drawing](https://preview.redd.it/2cyquovac44a1.png?width=3428&format=png&auto=webp&s=0f086dac7030ed1d97e283f6ae4b42deae1ad5cd) + +# Give the Federal Reserve and FDIC Your Opinion by Dec 23, 2022 + +If you disagree with this joint proposal by the Federal Reserve and FDIC, we have until **Dec 23, 2022** to comment.  This proposal has a section on [Public Input](https://www.federalregister.gov/d/2022-23003/p-42) and “[Interested parties are encouraged to submit written comments jointly to both agencies.](https://www.federalregister.gov/d/2022-23003/p-5)”  ***That means you!*** + +The easiest way to comment appears to be via email. + +1. **Use an anonymous email if you prefer to stay an anonymous ape.**  (Consider [Apple’s Hide My Email](https://support.apple.com/en-us/HT210425) and [Proton Mail](https://proton.me/mail), amongst [other options](https://nordvpn.com/blog/free-anonymous-email-account/#best-anonymous-email-providers).) +2. **Email the Federal Reserve** at regs.comments@federalreserve.gov with the **subject** “Public Comment on Docket No. **R-1786 and RIN 7100-AG44** ANPR Resolution-Related Resource Requirements for Large Banking Organizations”. +3. **Email the FDIC** at comments@fdic.gov with the **subject** “Public Comment on RIN 3064-AF86 ANPR Resolution-Related Resource Requirements for Large Banking Organizations”. + +Feel free to use and/or modify the following template: + +>I disagree with the proposal entitled “Resolution-Related Resource Requirements for Large Banking Organizations” Docket No. R-1786 and RIN 7100-AG44 / 3064-AF86.  Banks at risk of bankruptcy should not be required to sell long term debt (e.g., bonds) for the purpose of absorbing losses.  (See, e.g., “the agencies are considering the advantages and disadvantages of requiring large banking organizations … to maintain **long-term debt capable of absorbing losses in resolution**.”)  This proposal is a malicious self-serving attempt to shift predictable (“ex ante”) costs to resolve the bankruptcy of a large banking organization from the FDIC’s Depository Insurance Fund to unsuspecting investors. (See, e.g., “availability of this loss-absorbing resource at the insured depository institution … would be less costly to the DIF than a payout of insured deposits” and “\[w\]here it is necessary to bail in the LTD, the value of the debtholder’s note may be significantly or completely depleted.”\] +> +>And, how much time does the Federal Reserve and FDIC need "to consider the impact on future financial stability of marketing a failed institution in whole or in parts"? Has the Federal Reserve or FDIC successfully marketed a failed institution, in whole or in parts?  “During the global financial crisis, there were limited and undesirable options available to the FDIC for resolving the largest failed IDIs” with limited improvement more than a decade later as the FDIC continues to seek “improve\[d\] optionality in resolving a large banking organization or its insured depository institution”.  Even the most naive should realize that marketing a failed institution erodes trust in the financial system.  Trust that has already been greatly eroded by the handling of the 2008 global financial crisis where Too Big To Fail banks were bailed out by taxpayers with few, if any, consequences.  Have the Federal Reserve and FDIC considered the impact of proposing and requiring failing banking institutions to *knowingly* sell junk bonds for the purpose of absorbing losses?  The Federal Reserve and FDIC should consider the impact on a fiat currency issued by an untrustworthy Federal Reserve backed by a self-serving FDIC in addition to the roles the Federal Reserve and FDIC may have in future books and movies about the next financial crisis.   +> +>**Failure must always be an option** for banks and other financial organizations. With the context of “[Banks with Something to Lose: The Disciplinary Role of Franchise Value](https://www.newyorkfed.org/medialibrary/media/research/epr/96v02n2/9610dems.pdf)” (1996), insolvency and loss of franchise value no longer counterbalance against risk when institutions are not allowed to fail. When failure is not an option, there is no downside to excessive risk taking as they have nothing to lose and all to gain.  Eliminating failure as an option naturally promotes excessive risk taking that increases risks to financial stability. No financial institution should be Too Big To Fail.  **Failure must always be an option.** + +Also consider the following ideas for comments when writing your comment: + +1. Just disagree with the proposal. Anything you write about how terrible this proposal sounds will help. +2. Summarize the proposal in ELIA format and provide your opinion on it.  The Federal Reserve and FDIC are jointly proposing that large (Too Big To Fail) banks *at risk of failing* be required to sell bonds (typically marketed to pensions and risk averse investors saving for retirement) to absorb losses to reduce payouts by the FDIC Deposit Insurance Fund.  **How do you feel about someone screwing over retirements just so the FDIC insurance fund can pay out less?** +3. Privatizing profits and socializing losses needs to stop. Shifting the burden for failed banking institutions to taxpayers (and especially retirement funds) by *fraudulently* selling crap bonds is why many apes say "No Cell, No Sell". We want criminal penalties. Remember, [only one guy went to jail in the US as a result of the global financial crisis -- for mismarking bond prices](https://en.wikipedia.org/wiki/Kareem_Serageldin).  +4. Why is there a presumption that a failing institution can "preserve franchise value" (aka stay profitable) by raising funds selling long term debt? A failing institution is at risk because of poor financial and risk management. Why does the Fed and FDIC assume funds raised would not be similarly mis-managed (creating an even bigger problem)? +5. Why is "preserving franchise value" for a **failed institution** a priority? Failure is *always* an option. ([Adam Savage of MythBusters on Twitter](https://twitter.com/donttrythis/status/815033997122097152?lang=en)) +6. "[The mission of the Federal Deposit Insurance Corporation (FDIC) is to **maintain stability and public confidence**in the nation's financial system.](https://www.fdic.gov/about/what-we-do/index.html)" Do you have confidence in our financial system? This FDIC proposal throwing investors under the bus to absorb losses doesn't inspire much confidence. As a joint proposal with the Federal Reserve, it just gets worse. + +Comments can also be submitted on the [Federal Reserve website](https://www.federalreserve.gov/generalinfo/foia//ProposedRegs.cfm)\^(3) and on the [FDIC’s website](https://www.fdic.gov/resources/regulations/federal-register-publications/). + +# Additional Resources + +For more information, see my prior DD posts: + +1. [JACKED: The Fed & FDIC are crying for help](https://www.reddit.com/r/Superstonk/comments/yc0jcv/jacked_the_fed_fdic_are_crying_for_help/) +2. [Fed to Wall St: Should we find suckers and bagholders for our failing banks?](https://www.reddit.com/r/Superstonk/comments/yed0dv/fed_to_wall_st_should_we_find_suckers_and/) +3. [This is how Wall St ensures heads they win and tails you lose](https://www.reddit.com/r/Superstonk/comments/yhx48w/this_is_how_wall_st_ensures_heads_they_win_and/) + +# Footnotes + +\[1\] “Corporate **bonds** are a common type of long-term debt investment.” ([Investopedia](https://www.investopedia.com/terms/l/longtermdebt.asp)) + +\[2\] [FDIC **Resolution** Authority](https://www.fdic.gov/resources/resolutions/resolution-authority/index.html): “Bankruptcy is the statutory first option.” + +\[3\] Oddly, the Federal Reserve’s [current Electronic Comment Form](https://www.federalreserve.gov/secure/forms/ElectronicCommentForm.aspx?doc_id=R-1786&doc_ver=1) doesn’t work for me right now when [it used to](https://www.reddit.com/r/Superstonk/comments/ysisa0/commenting_to_the_federal_reserve/).  Even the Submit link from the [Federal Reserve's list of Proposals for Comment](https://www.federalreserve.gov/apps/foia/proposedregs.aspx) leads to a comment form that says "Proposal not found". The tin foil hat on me wonders if maybe the Federal Reserve doesn’t want public comment?  Perhaps more [technical issues](https://www.reddit.com/r/Superstonk/comments/xy7wwn/the_sec_lost_your_public_comments_press_release/)? +Not sure where to ask this really. I drive a diesel car and expected the price to come down when petrol fell. I know it's always a little more expensive than petrol but driving past some servos the price is staying above $2 whilst petrol is now dropping down to about $1.50-60 + + +What gives? +My wife and I live with my parents. We in our early and very late thirties, with 2 primary age children. We do not contribute to the household bills but we do the weekly shopping. +I have started to look into buying a house for ourselves. +However, our monthly spend is about £1800 a month. About £100 per week is the food shop another £50 per week is the kids tuition and clubs. The rest I have no idea about, takeaways, clothes, days out, Amazon. The spending it’s mainly from my wife’s account, +Would the bank look at our monthly spend and reduce the amount we could borrow. How far back do they look at bank statements. +* Morgan Stanley doubled its long-term valuation estimate for Elon Musk’s SpaceX on Thursday, now expecting the company to be worth at least $100 billion some day. +* “SpaceX continues to solidify its place as ‘mission control’ for the emerging space economy,” Morgan Stanley analyst Adam Jonas wrote. +* In Morgan Stanley’s base case, SpaceX’s rockets business reaches an $11.7 billion valuation while its Starlink satellite internet business grows to $80.9 billion, and the company adds point-to-point space travel as an $8.7 billion value. + +The next Meme stock? + +[https://www.cnbc.com/2020/10/22/morgan-stanley-spacex-to-be-100-billion-company-due-to-starlink-starship.html](https://www.cnbc.com/2020/10/22/morgan-stanley-spacex-to-be-100-billion-company-due-to-starlink-starship.html) +************ +UPDATE: + +I contacted my HR department as well as my leave company. HR is opening a case with payroll to make sure that I will be paid through the proper channel and how to proceed with repayment. + +HR rep was super supportive and more than willing to help. Leave company is aware of the issue and says it’s possibly resolvable with back pay. + +The HR representative apologized for the managers mess up and assured me he was on top of it. He empathized with me and understood that covid, a medical leave AND incorrect pay, is a lot. Which I appreciated a million. + +Thank you to everyone who took the time to share their knowledge and good vibes. You’re all my hero’s today :) + +****** +Had to remove to stay anon +Hedge funds own the media, crash real companies into the ground [impacting real people](https://www.marketwatch.com/story/the-hedge-funds-that-left-wildfire-victims-holding-the-bag-on-pg-e-stock-11634076168), they put politicians in office to keep laws away from their activities by [spending hundreds of millions of dollars every 2 years](https://www.opensecrets.org/industries/totals.php?ind=F2700) and then create a [multi billion dollar kickback scheme](https://www.forbes.com/sites/bradadgate/2019/09/03/the-2020-elections-will-set-another-ad-spending-record/) to their own MSM companies they own. All they gotta do is create a SPAC and confidentially donate to your hearts content. + +They then spend the rest of the year using MSM to scam retail out of holdings by FUD. (Like [the Fed blaming 'meme stock' articles](https://www.nytimes.com/2021/11/08/business/fed-meme-stocks-social-media-volatility.html) or Evergrande mixed news) + +For those curious, after reading the above article [the $NYT somehow is 121% institutionally owned](https://fintel.io/so/us/nyt) you'll see *everyone's name* in that pool + +They polluted and corrupted every facet of the USA. + + + + +&nbsp; + +Sinclair broadcast group is [85.3% institutionally owned.](https://www.nasdaq.com/market-activity/stocks/sbgi/institutional-holdings) everyone has their financial hands [in this garbage](https://youtu.be/ZggCipbiHwE) + +[Newscorp](https://en.wikipedia.org/wiki/News_Corp) (WSJ, Murdoch's) [is just as bad](https://www.nasdaq.com/market-activity/stocks/nwsa/institutional-holdings) (***98.98%*** institutional owned) Citadel has shares. + +[Nexstar media group](https://en.wikipedia.org/wiki/Nexstar_Media_Group) is also [institutionally owned.](https://www.nasdaq.com/market-activity/stocks/nxst/institutional-holdings) (***97.27%***) Citadel with 450k of these. + +[Fox corporation](https://en.wikipedia.org/wiki/Fox_Corporation) are also [owned by hedges](https://www.nasdaq.com/market-activity/stocks/foxa/institutional-holdings) (***96.76٪*** institutional) with State Street owning lots of shares, Citadel around a million. + +[MSNBC, CNBC, NBC are owned by Comcast](https://en.wikipedia.org/wiki/NBCUniversal) which you [guessed it, is institutionally owned](https://www.nasdaq.com/market-activity/stocks/cmcsa/institutional-holdings) (***84.19%***) State Street owning a lot of shares. + +Banks own big chunks of them with these hedges. + +&nbsp; + +Then a couple other hedge funds [buy up the rest as they can](https://techcrunch.com/2021/09/01/apollo-completes-its-5b-acquisition-of-verizon-media-now-known-as-yahoo/) from September + +This one [is from May](https://www.npr.org/2021/05/21/998730863/vulture-fund-alden-global-known-for-slashing-newsrooms-buys-tribune-papers) + +> The purchase represents the culmination of Alden's years-long drive to take over the company and its storied titles – including the Chicago Tribune, The Baltimore Sun, New York Daily News and major metro papers from Hartford, Conn., to Fort Lauderdale, Fla. + +&nbsp; + +All with the interest of serving their current Holdings, a [distressed debt scheme](https://reddit.com/r/Superstonk/comments/qa321i/kkr_is_the_distressed_debt_company_that_aides_in/) to make the company to go under, or simply to keep them from reporting their crimes as the SEC [has admitted its hard to find crime unless others tell them and it's not sexy basically](https://youtu.be/lB43u38BV8o&t=1m14s) + + +(Had to post again, tried to delete a comment and hit the post delete instead RIP dumb ass for the typo in the title this time 👀) + +Edit: just found an [80 page document on the SEC's website](https://reddit.com/r/Superstonk/comments/qrq0lm/uhhh_apes_i_found_a_document_on_the_secs_website/) talking about how the media (this uses Jim Cramer) and funds (Milken) coordinate and crush companies. +Total newbie question. Looking at some deals, and sometimes see 'cash or hard money only'. + +I looked up 'hard money' but still confused. Does this mean no conventional loans? And if so, is it because there is likely something wrong with the property preventing it from being eligible for a conventional loan? +Over the past few months, I've been receiving relatively frequent (maybe two or three times a month) text messages from people/numbers I don't know, expressing interest in buying my rental properties. Here's one, with some of the details removed: + +"Hi, this is X NAME and I'm looking to buy a home in X CITY. I came across the house you own at X ADDRESS and I'm very interested. I've been trying to reach out to see if you would like to sell it." + +My assumption is that this is like a digital equivalent of the "We Buy Homes for Cash" fliers you sometimes see around town. People/companies looking for homeowners who need to liquidate fast at a steep discount. + +Has anyone had experience with messages like this? Are they worth responding to? +Edit: Longer source + +https://www.cnbc.com/2019/09/18/fed-decision-interest-rates-cut.html + +2 Fed members wanted a 50 bps cut. One wanted to hold the FFR stable. +[Link](http://www.businessinsider.com/bitcoin-ethereum-ripple-cryptocurrency-prices-fall-on-january-16-2018-1) + +It'll be interesting to see if this is contained to cryptocurrencies; could it affect stocks? +This right here, this is the falling knife you hear about from traders. You're not supposed to try to catch it. It'll cut you 9 times out of 10. + +If you have the guts to try and buy this dip, mad respect. But do yourself a favour and at least save some of your capital if it goes lower. + +BTC just broke all kinds of serious supports, if 18.2k can't hold a test of the previous low is almost guaranteed. This might be the big capitulation event everyone has been ominously predicting for months now. + +Whatever you decide to do, good luck! + +EDIT: We lost 18.2k in less than an hour of posting this, this is so bad. + +EDIT2: We lost the previous low of 17.6k in just 5 more minutes, ruthless +Good Morning! + +So as many are aware yesterday did not quite have the buy pressure I was expecting. We are still trying to determine why that was. + +So far the best explanations are: + +* They are simply not covering them as XRT is on the threshold list and since it is going through the threshold process everyday they do not need to clear the FTDs in a timely manner and only clear them when they are force settled. +* The T+6 window on ETF FTDs from December 17th falls on Christmas Eve a Market Holiday this would delay FTDs till this morning at market open. I was pretty sure this was accounted for when I originally did the count but I could have been off by a day or there may be an additional day due to FINRA deferment. +* This one would suck, there simply are not enough FTDs this cycle to overload the CNS system. I don't think this is accurate however. There are more ETF FTDs this quarter then their were in the September cycle and the price action on January 26th from GME FTDs was significantly higher than anything we have seen since. Since ETF FTDs are more numerous, we should expect a surge greater than the January 26th run. Also the other stocks in the ETF baskets have not had significant runs. +* Futures were not used this quarter to satisfy expired contracts or the price was so low in the spot market they did not have to cover a negative position on them. This is possible if the futures were written at a spot price in the $170's and expired at a spot price of $148 it's possible that no debt was incurred to the counterparty. Since the whole sector was shorted this could be the case across the whole basket. + +We still have several days left in the ETF FTD window with other large pileups occurring on the 7th and 8th. After that it will be a bit of a lull until the OPEX window out past the 18th. Meanwhile the gamma ramp remains in place, delta neutral remains low, and as of yesterday delta sensitivity was spiking. So our potential to have upside moves gain momentum is still high. + +**No Yelyah2 update today so far, I will update if I hear back** + +**DIX Pics** + +[Large amount of divergence yesterday](https://preview.redd.it/2zzyuh9zntf81.png?width=2498&format=png&auto=webp&s=21494c6515722cf20a75f9c15acead3b421bec10) + +&#x200B; + +[volatility is easing a bit and with that should come more call volume](https://preview.redd.it/2y8svit8otf81.png?width=2513&format=png&auto=webp&s=010cbb0175e01d3fbac7d0a0c94a996376e4bcdc) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +After hitting the high at 104 everything market wide dropped into close, but for some reason GME and XRT volatility spiked massively... Nice run today leaves GME closing out it's first green week since November. Based on VWAP remaining down at 98 while we climbed to a peak of 104, their was some issue maintaining the short pressure. Additionally massive quantities deep ITM puts SOLD for millions of dollars (Jan 900/950 and June 680) for a notional of around $20m. With the potential for a ramp this coming week and some exposure from our green close I'm feeling bullish for the beginning of next week. + +https://preview.redd.it/gmof95cntvf81.png?width=784&format=png&auto=webp&s=195ffc5742e1f39a37e202bc5a4bd134687f4a12 + +https://preview.redd.it/qnxkkd1otvf81.png?width=909&format=png&auto=webp&s=009dd2d3a8df82440fe0cf20d7e89f4a7544feb3 + +[This is indicative of the massive put selling that occurred at the beginning of last years run per the SEC report.](https://preview.redd.it/yzivah8ttvf81.png?width=887&format=png&auto=webp&s=5f8c7ca4c1dfef8f03f80365a284ece10aaa8055) + +Edit 3 3:26 + +Well we went up some volume is ridiculously low but the market is pushing back up, green on the day. + +https://preview.redd.it/4pzyv1ollvf81.png?width=1476&format=png&auto=webp&s=feb52176026481fadda3aa2757e22ec9321da3fa + +Edit 11:25 + +Just getting dragged around with the market low volume chop, but on the bright side lots of bullish moves on the options chain as short puts and long calls are traded for far dated expirations (Apr/Jun) + +https://preview.redd.it/rhmsk9zqeuf81.png?width=1472&format=png&auto=webp&s=54c9f29562eca74ff9a1ef0c4b00179a65f72b29 + +Edit 1 10:26 + +Big short this morning with all shares borrowed from Fidelity and IBKR we recovered after a slight drop below Delta neutral if the market continues up so will we. + +https://preview.redd.it/qaopzir34uf81.png?width=1476&format=png&auto=webp&s=165eb95e76647d7e56abf2a45923d8517bb1cd87 + +# Pre-market Analysis + +GME falling off a bit with the broader market, but not down significantly. + +Volume: 11.81k + +Max Pain: @ 105 + +[There is still pretty significant risk on the short side if we cross $111](https://preview.redd.it/u9htqtmxotf81.png?width=2014&format=png&auto=webp&s=7fbd71bef278586453a47c21358aff548095b633) + +Shares to Borrow: + +IBKR - 200,000 @ 2.1% + +Fidelity - 24,781 @ 1% (down 350k from EOD yesterday) + +[GME pre-market 5m](https://preview.redd.it/bmumqsnoptf81.png?width=1481&format=png&auto=webp&s=d3e4e0169ca7eec5e7ff7982ad98bca535696115) + +TTM Squeeze + +https://preview.redd.it/ttwm4qksptf81.png?width=2453&format=png&auto=webp&s=a452f7f17d2282036958d7c9e3e226c066b9f7cc + +CV\_VWAP + +https://preview.redd.it/rfa56dd0qtf81.png?width=2460&format=png&auto=webp&s=186395fb125fe1ee0f3b07c22c12aead0b47b1e2 + +GME FINRA Short Volume + +https://preview.redd.it/0qx53p7hqtf81.png?width=2450&format=png&auto=webp&s=d04730d6c08cf1b8511856e56077e1fbe63ebe77 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +I'm assuming the HMRC has computers that collect all the info from brokers and exchanges on a per person basis and calculate the outstanding capital gains tax for each, so they know who's paid what and who hasn't. In which case why don't they just provide their calculations, instead of relying on non professional finance calculations by everyday people like myself? + +I could understand it from a redundancy point, where they would like multiple participants to calculate it, but still my calculation will always be more prone to error and besides I'm sure if someone thought they were getting shafted by the HMRC, they would hire an accountant that would fix up any mistakes the gov has made. + +Anyone have any insights on this? Thanks! +I am a loyal Stake user and have been for some time but noticed SW has now launched their much awaited US trading platform. + +Basic fees are as follows: + +* US$9.50 per trade flat fee (note USD not AUD, roughly about A$13 per trade) +* FX spread is 60 points (0.6%) off the rate quoted at the start of each day + +Compared to Stake: + +* Free brokerage on Stake +* FX spread however is much higher. Spread is 70US cents per A$100 which turns out to be approx. 93 AUD cents i.e. 0.93% spread. I am slightly confused by all of this because even the Stake website quotes an FX spread of 70bps. But that does make sense since they are different currencies. It would be poor form if they got this wrong on the website...or even poorer if they are intentionally doing this. Anyway... + +Based on the above, it would appear if you are a frequent trader then the zero commission on Stake makes sense. However, if you are a buy and hold investor, perhaps paying the flat fee with Selfwealth works out better given the substantial difference in FX spread which can add up. + +However, I did some squishy maths and made some graphs which shows that the lower FX spread charged by SW is quickly eroded by the brokerage costs. I used a $5,000 balance and $25,000 balance as an example which suggests: + +[https://i.imgur.com/cIvHxW0.png](https://i.imgur.com/cIvHxW0.png) + +\- At $5,000, the FX savings with Selfwealth do not make sense if you intend to invest this with 2 trades or more. + +\- At $25,000, the FX savings with Selfwealth are larger and you could make 6 trades before the brokerage starts to add up. + +The only thing I would add here which I have not taken into account is if you decide to sell, you will be hit with the FX spread on the conversion back to AUD, in which case, there will be additional savings with Selfwealth. + +You can also lower the FX spread costs of Stake by using Transferwise to make a USD to USD transfer, bypassing the Stake FX spread (but copping a flat US$5 fee). If you convert A$5,000 this way, the spread works out to be about 0.60% by the time the money hits your Stake account. + +Signing up is very frictionless with Selfwealth including the W8BEN form. + +I have also not compared the respective custodians, Drivewealth for Stake and Phillip Securities Pte Ltd. Stake amounts are insured under SIPC. I am not sure what is the case for SW. Stake also offers fractional trading. Not sure if SW can do fractional trades. + +Can anyone from SW confirm? + +TLDR: Stake is more competitive unless you are going to be investing larger amounts infrequently. +According to SQM. Outer suburban and regional rental vacancy rates, generally 2-4% last year, are falling hard right now. Inner Sydney regions are rising sharply. + +https://sqmresearch.com.au/graph_vacancy.php?sfx=&region=nsw%3A%3ACentral+Coast&t=1 + +Outer suburban South Western Sydney, Sutherland Shire and Northern Beaches(?!) are at or below 1%. Hills district and Western Sydney less affected. + +Coastal satellite cities like Blue Mountains, Wollongong, Central Coast and Hunter all less than 1%. North Coast and South Coast at 1-1.2%. + +Not just coastal but country as well, Broken Hill-Dubbo and Central Tablelands both near or below 1%, down from 2.4% last year. Riverina and Murray regions at 0.8%. + +At the same time Eastern Suburbs, Inner West and Lower North Shore all now above 4%. Sydney CBD at 12%! +I just got a 50% raise. Details below: + +I've been in my current role for about 10 months and doing very well, but feeling a bit under-valued. After some 1:1 sessions with my Manager, he suggested I ask for a raise. Was making $60k/yr, and the increase just got approved for $90k/yr. Started the conversation with an email. Here's how the email to HR looked: + +1) **State my case** - Was direct, asking for an increase in compensation, with high-level logic. + +2) **Logic** - Went into detail on my work, the value I bring, and the positive feedback I've received. + +3) **Data** - Linked data on median pay for my role/responsibilities from sites such as Bureau of Labor & Statistics, Glassdoor.com, and Salary.com. + +4) **Conclusion** - Recapped my logic and data. Closed strong with the direct request to increase my pay to $90k with a date of July 1st. (FY17) + + +I shot high, thinking we would land in the middle. Was pleasantly surprised to get exactly what I asked for. Happy to answer any questions on the details. + +**Update**: Wow! Thanks for all the support everyone! I'll do my best to reply to your comments throughout the day today. Oh and I forgot to mention, I do not have a college degree either. I will also not be sharing the email. The details above should suffice, but feel free to ask questions! +Every time, and I mean EVERY SINGLE TIME, I buy a well-researched, "safe" stock that is by all objective standards a "buy" because it has the fundamentals, good press, is undersold and has been trading sideways suggesting it has bottomed, the stock suddenly starts to trend downward...for as long as I hold it. EVERY SINGLE TIME I sell the stock, it rises to the point where I could have recouped all my losses the very next day. Convince me my trading platform isn't directly or indirectly adversely using my activity against me and that the US market isn't rigged! Explain how something like this could happen without corruption and racketeering. Thanks in advance to anyone who can shed some light on this phenomenon for me! +I don’t know if it’s just me, but I have been seeing lots of screenshots of people “making lots of money” on this subreddit lately. Saying their strategy is to trade charts with no clear strategy helping them, just a naked chart and their intelligence lol. Not saying it’s impossible to trade like that but to anyone that’s tried it, it is almost impossible to consistently win. + +What I’m trying to say is, be very careful who you listen to and if they try to make you pay for signals or join their “profitable group” know they probably don’t have the best intentions. +Hello, I'm a PhD student specialized in machine learning and I've been fascinated about the Forex markets since 2009. I've recently finished a technical indicator that I've been designing for the past... many years. I was wondering if you guys were interested at checking it out. I'm posting a sample of the indicator for the AUD/CHF market ([https://imgur.com/2sKVSu6](https://imgur.com/2sKVSu6)), using a 4-hour timeframe. Please tell me if you are interested on a particular market/timeframe and I'll post a pic of it. + +Basically, if the price (white line) is in a orange-red area, it means it could stagnate. If it's in a blue area, it is moving fast. But the interesting part is that you can see that the price will soon reach an orange-red area (so you should stop trading, or not start a trade) and if it's moving towards a blue area, it will most likely become wild. + +I've traded for 1 week until now using it and I've made 0.6% of profit (I like to trade very small lot sizes in Oanda). I'll keep trading and hopefully I can move to use this indicator alone (plus common sense) in the future. I use it for Forex markets, but if you're interested in other markets tell me (it should work for other markets too). Just make sure it's listed in Oanda's assets (I use their API to get the data). + +EDIT: You can try it for yourself using this link: [http://predictus.ngrok.io/index.html](http://predictus.ngrok.io/index.html) it's hosted on my machine, the front-end is badly programmed and there's literally no error catching. In other words, it will most likely explode sooner or later. Also, I'm using ngrok and I think it limits the number of connections, so I wish you luck. + +EDIT2: The price line is now a candlestick chart. I think it's way clearer this way. Also, the server seems to be more stable now. +**Disclaimer: None of this is financial advice. I have no idea what I'm doing. Please do your own research or you will certainly lose money. I'm not a statistician, data scientist, well-seasoned trader, or anything else that would qualify me to make statements such as the below with any weight behind them. Take them for the incoherent ramblings that they are.** + +TL;DR at the bottom for those not interested in the details. + +This is a bit of a novel, sorry about that. It was mostly for getting my own thoughts organized, but if even one person reads the whole thing I will feel incredibly accomplished. + +# Background + +For those of you not familiar, please see the various threads on this trading system [here.](https://www.reddit.com/r/Forex/comments/hi7vw3/final_part_viii_my_10_minutesday_trading_strategy/) I can't take credit for this system, all glory goes to /u/ParallaxFX! + +I wanted to see how effective this system was at H1 for a couple of reasons: 1) My current broker is TD Ameritrade - their Forex minimum is a mini lot, and I don't feel comfortable enough yet with the risk to trade mini lots on the higher timeframes(i.e. wider pip swings) that ParallaxFX's system uses, so I wanted to see if I could scale it down. 2) I'm fairly impatient, so I don't like to wait days and days with my capital tied up just to see if a trade is going to win or lose. + +This does mean it requires more active attention since you are checking for setups once an hour instead of once a day or every 4-6 hours, but the upside is that you trade more often this way so you end up winning or losing faster and moving onto the next trade. Spread does eat more of the trade this way, but I'll cover this in my data below - it ends up not being a problem. + +I looked at data from 6/11 to 7/3 on all pairs with a reasonable spread(pairs listed at bottom above the TL;DR). So this represents about 3-4 weeks' worth of trading. I used mark(mid) price charts. Spreadsheet link is below for anyone that's interested. + +# System Details + +I'm pretty much using ParallaxFX's system textbook, but since there are a few options in his writeups, I'll include all the discretionary points here: + +* I'm using the stop entry version - so I wait for the price to trade beyond the confirmation candle(in the direction of my trade) before entering. I don't have any data to support this decision, but I've always preferred this method over retracement-limit entries. Maybe I just like the feeling of a higher winrate even though there can be greater R:R using a limit entry. Variety is the spice of life. +* I put my stop loss right at the opposite edge of the confirmation candle. NOT at the edge of the 2-candle pattern that makes up the system. I'll get into this more below - not enough trades are saved to justify the wider stops. (Wider stop means less $ per pip won, assuming you still only risk 1%). +* All my profit/loss statistics are based on a 1% risk per trade. Because 1 is real easy to multiply. +* There are definitely some questionable trades in here, but I tried to make it as mechanical as possible for evaluation purposes. They do fit the definitions of the system, which is why I included them. You could probably improve the winrate by being more discretionary about your trades by looking at support/resistance or other techniques. +* I didn't use MBB much for either entering trades, or as support/resistance indicators. Again, trying to be pretty mechanical here just for data collection purposes. Plus, we all make bad trading decisions now and then, so let's call it even. +* As stated in the title, this is for H1 only. These results may very well not play out for other time frames - who knows, it may not even work on H1 starting this Monday. Forex is an unpredictable place. +* I collected data to show efficacy of taking profit at three different levels: -61.8%, -100% and -161.8% fib levels described in the system using the passive trade management method(set it and forget it). I'll have more below about moving up stops and taking off portions of a position. + +# And now for the fun. Results! + +* Total Trades: 241 +* Raw Winrates: + * TP at -61.8%: 177 out of 241: **73.44%** + * TP at -100%: 156 out of 241: **64.73%** + * TP at -161.8%: 121 out of 241: **50.20%** +* Adjusted Proft % (takes spread into account): + * TP at -61.8%: **5.22%** + * TP at -100%: **23.55%** + * TP at -161.8%: **29.14%** + +As you can see, a higher target ended up with higher profit despite a much lower winrate. This is partially just how things work out with profit targets in general, but there's an additional point to consider in our case: the spread. Since we are trading on a lower timeframe, there is less overall price movement and thus the spread takes up a much larger percentage of the trade than it would if you were trading H4, Daily or Weekly charts. You can see exactly how much it accounts for each trade in my spreadsheet if you're interested. TDA does not have the best spreads, so you could probably improve these results with another broker. + +EDIT: I grabbed typical spreads from other brokers, and turns out while TDA is pretty competitive on majors, their minors/crosses are awful! IG beats them by 20-40% and Oanda beats them 30-60%! Using IG spreads for calculations increased profits considerably (another 5% on top) and Oanda spreads increased profits massively (another 15%!). Definitely going to be considering another broker than TDA for this strategy. Plus that'll allow me to trade micro-lots, so I can be more granular(and thus accurate) with my position sizing and compounding. + +# A Note on Spread + +As you can see in the data, there were scenarios where the spread was 80% of the overall size of the trade(the size of the confirmation candle that you draw your fibonacci retracements over), which would obviously cut heavily into your profits. + +Removing any trades where the spread is more than 50% of the trade width improved profits slightly without removing many trades, but this is almost certainly just coincidence on a small sample size. Going below 40% and even down to 30% starts to cut out a lot of trades for the less-common pairs, but doesn't actually change overall profits at all(\~1% either way). + +However, digging all the way down to 25% starts to really make some movement. Profit at the -161.8% TP level jumps up to **37.94%** if you filter out anything with a spread that is more than 25% of the trade width! And this even keeps the sample size fairly large at 187 total trades. + +You can get your profits all the way up to **48.43%** at the -161.8% TP level if you filter all the way down to only trades where spread is less than 15% of the trade width, however your sample size gets much smaller at that point(108 trades) so I'm not sure I would trust that as being accurate in the long term. + +Overall based on this data, I'm going to only take trades where the spread is less than 25% of the trade width. This may bias my trades more towards the majors, which would mean a lot more correlated trades as well(more on correlation below), but I think it is a reasonable precaution regardless. + +# Time of Day + +Time of day had an interesting effect on trades. In a totally predictable fashion, a vast majority of setups occurred during the London and New York sessions: 5am-12pm Eastern. However, there was one outlier where there were many setups on the 11PM bar - and the winrate was about the same as the big hours in the London session. No idea why this hour in particular - anyone have any insight? That's smack in the middle of the Tokyo/Sydney overlap, not at the open or close of either. + +On many of the hour slices I have a feeling I'm just dealing with small number statistics here since I didn't have a lot of data when breaking it down by individual hours. But here it is anyway - for all TP levels, these three things showed up(all in Eastern time): + +* 7pm-4am: Fewer setups, but winrate high. +* 5am-6am: Lots of setups, but but winrate low. +* 12pm-3pm Medium number of setups, but winrate low. + +I don't have any reason to think these timeframes would maintain this behavior over the long term. They're almost certainly meaningless. EDIT: When you de-dup highly correlated trades, the number of trades in these timeframes really drops, so from this data there is no reason to think these timeframes would be any different than any others in terms of winrate. + +That being said, these time frames work out for me pretty well because I typically sleep 12am-7am Eastern time. So I automatically avoid the 5am-6am timeframe, and I'm awake for the majority of this system's setups. + +# Moving stops up to breakeven + +This section goes against everything I know and have ever heard about trade management. Please someone find something wrong with my data. I'd love for someone to check my formulas, but I realize that's a pretty insane time commitment to ask of a bunch of strangers. + +Anyways. What I found was that for these trades moving stops up...basically at all...actually reduced the overall profitability. + +One of the data points I collected while charting was where the price retraced back to after hitting a certain milestone. i.e. once the price hit the -61.8% profit level, how far back did it retrace before hitting the -100% profit level(if at all)? And same goes for the -100% profit level - how far back did it retrace before hitting the -161.8% profit level(if at all)? + +Well, some complex excel formulas later and here's what the results **appear** to be. Emphasis on appears because I honestly don't believe it. I must have done something wrong here, but I've gone over it a hundred times and I can't find anything out of place. + +* Moving SL up to 0% when the price hits -61.8%, TP at -100% + * Winrate: **46.4%** + * Adjusted Proft % (takes spread into account): **5.36%** +* Taking half position off at -61.8%, moving SL up to 0%, TP remaining half at -100% + * Winrate: **65.97%** + * Adjusted Proft % (takes spread into account): **-1.01%** (yes, a net loss) + +Now, you might think exactly what I did when looking at these numbers: oof, the spread killed us there right? Because even when you move your SL to 0%, you still end up paying the spread, so it's not truly "breakeven". And because we are trading on a lower timeframe, the spread can be pretty hefty right? + +Well even when I manually modified the data so that the spread wasn't subtracted(i.e. "Breakeven" was truly +/- 0), things don't look a whole lot better, and still way worse than the passive trade management method of leaving your stops in place and letting it run. And that isn't even a realistic scenario because to adjust out the spread you'd have to move your stoploss inside the candle edge by at least the spread amount, meaning it would almost certainly be triggered more often than in the data I collected(which was purely based on the fib levels and mark price). Regardless, here are the numbers for that scenario: + +* Moving SL up to 0% when the price hits -61.8%, TP at -100% + * Winrate(breakeven doesn't count as a win): **46.4%** + * Adjusted Proft % (takes spread into account): **17.97%** +* Taking half position off at -61.8%, moving SL up to 0%, TP remaining half at -100% + * Winrate(breakeven doesn't count as a win): **65.97%** + * Adjusted Proft % (takes spread into account): **11.60%** + +From a literal standpoint, what I see behind this behavior is that 44 of the 69 breakeven trades(65%!) ended up being profitable to -100% after retracing deeply(but not to the original SL level), which greatly helped offset the purely losing trades better than the partial profit taken at -61.8%. And 36 went all the way back to -161.8% after a deep retracement without hitting the original SL. Anyone have any insight into this? Is this a problem with just not enough data? It seems like enough trades that a pattern should emerge, but again I'm no expert. + +I also briefly looked at moving stops to other lower levels (78.6%, 61.8%, 50%, 38.2%, 23.6%), but that didn't improve things any. No hard data to share as I only took a quick look - and I still might have done something wrong overall. + +The data is there to infer other strategies if anyone would like to dig in deep(more explanation on the spreadsheet below). I didn't do other combinations because the formulas got pretty complicated and I had already answered all the questions I was looking to answer. + +# 2-Candle vs Confirmation Candle Stops + +Another interesting point is that the original system has the SL level(for stop entries) just at the outer edge of the 2-candle pattern that makes up the system. Out of pure laziness, I set up my stops just based on the confirmation candle. And as it turns out, that is much a much better way to go about it. + +Of the 60 purely losing trades, only 9 of them(15%) would go on to be winners with stops on the 2-candle formation. Certainly not enough to justify the extra loss and/or reduced profits you are exposing yourself to in every single other trade by setting a wider SL. + +Oddly, in every single scenario where the wider stop did save the trade, it ended up going all the way to the -161.8% profit level. Still, not nearly worth it. + +# Correlated Trades + +As I've said many times now, I'm really not qualified to be doing an analysis like this. This section in particular. + +Looking at shared currency among the pairs traded, 74 of the trades are correlated. Quite a large group, but it makes sense considering the sort of moves we're looking for with this system. + +This means you are opening yourself up to more risk if you were to trade on every signal since you are technically trading with the same underlying sentiment on each different pair. For example, GBP/USD and AUD/USD moving together almost certainly means it's due to USD moving both pairs, rather than GBP and AUD both moving the same size and direction coincidentally at the same time. So if you were to trade both signals, you would very likely win or lose both trades - meaning you are actually risking double what you'd normally risk(unless you halve both positions which can be a good option, and is discussed in ParallaxFX's posts and in various other places that go over pair correlation. I won't go into detail about those strategies here). + +Interestingly though, 17 of those apparently correlated trades ended up with different wins/losses. + +Also, looking only at trades that were correlated, winrate is 83%/70%/55% (for the three TP levels). + +Does this give some indication that the same signal on multiple pairs means the signal is stronger? That there's some strong underlying sentiment driving it? Or is it just a matter of too small a sample size? The winrate isn't really much higher than the overall winrates, so that makes me doubt it is statistically significant. + +One more funny tidbit: EUR/CAD netted the lowest overall winrate: 30% to even the -61.8% TP level on 10 trades. Seems like that is just a coincidence and not enough data, but dang that's a sucky losing streak. + +**EDIT:** WOW I spent some time removing correlated trades manually and it changed the results quite a bit. Some thoughts on this below the results. These numbers also include the other "What I will trade" filters. I added a new worksheet to my data to show what I ended up picking. + +* Total Trades: 75 +* Raw Winrates: + * TP at -61.8%: **84.00%** + * TP at -100%: **73.33%** + * TP at -161.8%: **60.00%** + * Moving SL up to 0% when the price hits -61.8%, TP at -100%: **53.33%** + * Taking half position off at -61.8%, moving SL up to 0%, TP remaining half at -100%: **53.33%** (yes, oddly the exact same winrate. but different trades/profits) +* Adjusted Proft % (takes spread into account): + * TP at -61.8%: **18.13%** + * TP at -100%: **26.20%** + * TP at -161.8%: **34.01%** + * Moving SL up to 0% when the price hits -61.8%, TP at -100%: **19.20%** + * Taking half position off at -61.8%, moving SL up to 0%, TP remaining half at -100%: **17.29%** + +To do this, I removed correlated trades - typically by choosing those whose spread had a lower % of the trade width since that's objective and something I can see ahead of time. Obviously I'd like to only keep the winning trades, but I won't know that during the trade. This did reduce the overall sample size down to a level that I wouldn't otherwise consider to be big enough, but since the results are generally consistent with the overall dataset, I'm not going to worry about it too much. + +I may also use more discretionary methods(support/resistance, quality of indecision/confirmation candles, news/sentiment for the pairs involved, etc) to filter out correlated trades in the future. But as I've said before I'm going for a pretty mechanical system. + +This brought the 3 TP levels and even the breakeven strategies much closer together in overall profit. It muted the profit from the high R:R strategies and boosted the profit from the low R:R strategies. This tells me pair correlation was skewing my data quite a bit, so I'm glad I dug in a little deeper. Fortunately my original conclusion to use the -161.8 TP level with static stops is still the winner by a good bit, so it doesn't end up changing my actions. + +There were a few times where MANY (6-8) correlated pairs all came up at the same time, so it'd be a crapshoot to an extent. And the data showed this - often then won/lost together, but sometimes they did not. As an arbitrary rule, the more correlations, the more trades I did end up taking(and thus risking). For example if there were 3-5 correlations, I might take the 2 "best" trades given my criteria above. 5+ setups and I might take the best 3 trades, even if the pairs are somewhat correlated. + +I have no true data to back this up, but to illustrate using one example: if AUD/JPY, AUD/USD, CAD/JPY, USD/CAD all set up at the same time (as they did, along with a few other pairs on 6/19/20 9:00 AM), can you really say that those are all the same underlying movement? There are correlations between the different correlations, and trying to filter for that seems rough. Although maybe this is a known thing, I'm still pretty green to Forex - someone please enlighten me if so! I might have to look into this more statistically, but it would be pretty complex to analyze quantitatively, so for now I'm going with my gut and just taking a few of the "best" trades out of the handful. + +Overall, I'm really glad I went further on this. The boosting of the B/E strategies makes me trust my calculations on those more since they aren't so far from the passive management like they were with the raw data, and that really had me wondering what I did wrong. + +# What I will trade + +Putting all this together, I am going to attempt to trade the following(demo for a bit to make sure I have the hang of it, then for keeps): + +* "System Details" I described above. +* TP at -161.8% +* Static SL at opposite side of confirmation candle - I won't move stops up to breakeven. +* Trade only 7am-11am and 4pm-11pm signals. +* Nothing where spread is more than 25% of trade width. + +Looking at the data for these rules, test results are: + +* Winrate: **58.19%** +* Adjusted Proft % (takes spread into account): **47.43%** + +I'll be sure to let everyone know how it goes! + +# Other Technical Details + +* ATR is only slightly elevated in this date range from historical levels, so this should fairly closely represent reality even after the COVID volatility leaves the scalpers sad and alone. +* The sample size is much too small for anything really meaningful when you slice by hour or pair. I wasn't particularly looking to test a specific pair here - just the system overall as if you were going to trade it on all pairs with a reasonable spread. + +# Raw Data + +[Here's the spreadsheet for anyone that'd like it.](https://docs.google.com/spreadsheets/d/1vo1pCzFO1-z7Sky4IfddkRbS9C_9thtuAR0LAJ15NS8/edit?usp=sharing) (EDIT: Updated some of the setups from the last few days that have fully played out now. I also noticed a few typos, but nothing major that would change the overall outcomes. Regardless, I am currently reviewing every trade to ensure they are accurate.UPDATE: Finally all done. Very few corrections, no change to results.) + +I have some explanatory notes below to help everyone else understand the spiraled labyrinth of a mind that put the spreadsheet together. + +* I'm on the East Coast in the US, so the timestamps are Eastern time. +* Time stamp is from the confirmation candle, not the indecision candle. So 7am would mean the indecision candle was 6:00-6:59 and the confirmation candle is 7:00-7:59 and you'd put in your order at 8:00. +* I found a couple AM/PM typos as I was reviewing the data, so let me know if a trade doesn't make sense and I'll correct it. + +# Insanely detailed spreadsheet notes + +For you real nerds out there. Here's an explanation of what each column means: + +* **Pair** \- duh +* **Date/Time** \- Eastern time, confirmation candle as stated above +* **Win to -61.8%?** \- whether the trade made it to the -61.8% TP level before it hit the original SL. +* **Win to -100%?** \- whether the trade made it to the -100% TP level before it hit the original SL. +* **Win to -161.8%?** \- whether the trade made it to the -161.8% TP level before it hit the original SL. +* **Retracement level between -61.8% and -100%** \- how deep the price retraced after hitting -61.8%, but before hitting -100%. Be careful to look for the negative signs, it's easy to mix them up. Using the fib% levels defined in [ParallaxFX's original thread](https://www.reddit.com/r/Forex/comments/hi7vw3/final_part_viii_my_10_minutesday_trading_strategy/). A plain hyphen "-" means it did not retrace, but rather went straight through -61.8% to -100%. Positive 100 means it hit the original SL. +* **Retracement level between -100% and -161.8%** \- how deep the price retraced after hitting -100%, but before hitting -161.8%. Be careful to look for the negative signs, it's easy to mix them up. Using the fib% levels defined in [ParallaxFX's original thread](https://www.reddit.com/r/Forex/comments/hi7vw3/final_part_viii_my_10_minutesday_trading_strategy/). A plain hyphen "-" means it did not retrace, but rather went straight through -100% to -161.8%. Positive 100 means it hit the original SL. +* **Trade Width(Pips)** \- the size of the confirmation candle, and thus the "width" of your trade on which to determine position size, draw fib levels, etc. +* **Loser saved by 2 candle stop?** \- for all losing trades, whether or not the 2-candle stop loss would have saved the trade and how far it ended up getting if so. "No" means it didn't save it, N/A means it wasn't a losing trade so it's not relevant. +* **Spread(ThinkorSwim)** \- these are typical spreads for these pairs on ToS. +* **Spread % of Width** \- How big is the spread compared to the trade width? Not used in any calculations, but interesting nonetheless. +* **True Risk(Trade Width + Spread)** \- I set my SL at the opposite side of the confirmation candle knowing that I'm actually exposing myself to slightly more risk because of the spread(stop order = market order when submitted, so you pay the spread). So this tells you how many pips you are actually risking despite the Trade Width. I prefer this over setting the stop inside from the edge of the candle because some pairs have a wide spread that would mess with the system overall. But also many, many of these trades retraced very nearly to the edge of the confirmation candle, before ending up nicely profitable. If you keep your risk per trade at 1%, you're talking a true risk of, at most, 1.25% (in worst-case scenarios with the spread being 25% of the trade width as I am going with above). +* **Win or Loss in %(1% risk) including spread TP -61.8%** \- not going to go into huge detail, see the spreadsheet for calculations if you want. But, in a nutshell, if the trade was a win to 61.8%, it returns a positive # based on 61.8% of the trade width, minus the spread. Otherwise, it returns the True Risk as a negative. Both normalized to the 1% risk you started with. +* **Win or Loss in %(1% risk) including spread TP -100%** \- same as the last, but 100% of Trade Width. +* **Win or Loss in %(1% risk) including spread TP -161.8%** \- same as the last, but 161.8% of Trade Width. +* **Win or Loss in %(1% risk) including spread TP -100%, and move SL to breakeven at 61.8%** \- uses the retracement level columns to calculate profit/loss the same as the last few columns, but assuming you moved SL to 0% fib level after price hit -61.8%. Then full TP at 100%. +* **Win or Loss in %(1% risk) including spread take off half of position at -61.8%, move SL to breakeven, TP 100%** \- uses the retracement level columns to calculate profit/loss the same as the last few columns, but assuming you took of half the position and moved SL to 0% fib level after price hit -61.8%. Then TP the remaining half at 100%. +* **Overall Growth(-161.8% TP, 1% Risk)** \- pretty straightforward. Assuming you risked 1% on each trade, what the overall growth level would be chronologically(spreadsheet is sorted by date). + +# Pairs + +1. AUD/CAD +2. AUD/CHF +3. AUD/JPY +4. AUD/NZD +5. AUD/USD +6. CAD/CHF +7. CAD/JPY +8. CHF/JPY +9. EUR/AUD +10. EUR/CAD +11. EUR/CHF +12. EUR/GBP +13. EUR/JPY +14. EUR/NZD +15. EUR/USD +16. GBP/AUD +17. GBP/CAD +18. GBP/CHF +19. GBP/JPY +20. GBP/NZD +21. GBP/USD +22. NZD/CAD +23. NZD/CHF +24. NZD/JPY +25. NZD/USD +26. USD/CAD +27. USD/CHF +28. USD/JPY + +# TL;DR + +Based on the reasonable rules I discovered in this backtest: + +* Date range: **6/11-7/3** +* Winrate: **58.19%** +* Adjusted Proft % (takes spread into account): **47.43%** + +# Demo Trading Results + +Since this post, I started demo trading this system assuming a 5k capital base and risking \~1% per trade. I've added the details to my spreadsheet for anyone interested. The results are pretty similar to the backtest when you consider real-life conditions/timing are a bit different. I missed some trades due to life(work, out of the house, etc), so that brought my total # of trades and thus overall profit down, but the winrate is nearly identical. I also closed a few trades early due to various reasons(not liking the price action, seeing support/resistance emerge, etc). + +A quick note is that TD's paper trade system fills at the mid price for both stop and limit orders, so I had to subtract the spread from the raw trade values to get the true profit/loss amount for each trade. + +I'm heading out of town next week, then after that it'll be time to take this sucker live! + +* 86 Trades + * Date range: **7/9-7/30** + * Winrate: **52.32%** + * Adjusted Proft % (takes spread into account): **20.73%** + * Starting Balance: **$5,000** + * Ending Balance: **$6,036.51** + +# Live Trading Results + +I started live-trading this system on 8/10, and almost immediately had a string of losses much longer than either my backtest or demo period. Murphy's law huh? Anyways, that has me spooked so I'm doing a longer backtest before I start risking more real money. It's going to take me a little while due to the volume of trades, but I'll likely make a new post once I feel comfortable with that and start live trading again. +Hi folks, + +Throwaway account for anonymity. I had some good fortune in my early career by joining a rapidly growing startup that recently IPO'd. I've settled all tax liabilities, etc. Here's where I stand: + +Taxable: 2.0M + +Roth IRA: 20k + +401k: 215k + +Cash: 150k + +Annual income (pre-tax): \~700k + +I don't own any major assets (car, house, etc.) due to being relatively young (29) and living in a HCOL city (SF). I'm a very frugal person and invest heavily in savings. Recently, I've started to increase my spending, but I'm still anchoring around 6k/month for all expenses. I want to give myself future optionality to fatten my lifestyle, so feel like I should be targeting around 6M net worth before retiring. + +With all that context in mind, here's the question I'm facing: as my company has grown, I'm getting burned out by the politics of big tech. I want to get back to an earlier-stage pursuit I'm more passionate about. I'm not interested in retiring (at least not yet). + +Making this move will entail a big increase of risk and reduction in expected annual income (I'd expect an income of \~150k pre-tax due to startup wages). As someone who has always saved as much as possible, this is a hard decision for me. To help me rationalize it, I'm been thinking about how I'm really young and will have plenty of time in the market with my investments. + +So, FatFIRE: + +Is it reasonable for me to stop saving (other than maxing out my 401k and Roth IRA, which I intend to keep doing), take the major pay-cut, live off the wages of a job I'm more passionate about, and focus my FatFIRE pursuit on simply not touching my taxable account for 20 years? By that point (if the mantra of "the market doubles every 10 years" holds true), I should have 8M and reach my goal by 50? What does this sub think? +Having a child soon and had an idea that maybe someone here has experience with. My spouse and I would put $50k in a trust that wouldn't be allowed to be used until the child is 65 except to take $50k (or similar inflation adj. amount) out to do the same for each of their future children (if they have any). Since time in the market and compounding is so important, by putting this money in the trust and no one being able to touch it, it'd grow to about $2-4M by the time said child is of retirement age. With the money being tied up until retirement, it wouldn't discourage the child from working or saving as they can't spend the money until later in life. This would be in addition to 529 college savings and wouldn't really be known by the child until they have a career established. + +&#x200B; + +Is something like this feasible? Anyone do anything similar? Does this make any sense? +How far along in your fatFIRE journey did it happen and how badly did it set you back? + +Just in need of some uplifting stories at the moment. Got hit with a low 5 figure expense out of nowhere that I did not need right now :( +Previous posts (most recent first): +https://www.reddit.com/r/UKPersonalFinance/comments/h0i9m0/how_to_pay_deposit_to_solicitor_prior_to/ +https://www.reddit.com/r/UKPersonalFinance/comments/fdgjs6/i_made_an_offer_on_a_flat_but_appear_to_have/ +https://www.reddit.com/r/UKPersonalFinance/comments/fbt4qi/what_would_be_fair_ball_park_figures_for_the/ +https://www.reddit.com/r/UKPersonalFinance/comments/fbbr8s/making_an_offer_on_a_fixedprice_property_scotland/ +https://www.reddit.com/r/UKPersonalFinance/comments/ex5yrr/getting_much_closer_to_buying_my_first_property/ +https://www.reddit.com/r/UKPersonalFinance/comments/eiyjs1/looking_to_buy_my_first_flat_who_to_approach_for/ +https://www.reddit.com/r/UKPersonalFinance/comments/c5an5f/which_of_barclays_mortgages_would_be_best_for_me/ +https://www.reddit.com/r/UKPersonalFinance/comments/byjxt4/low_income_but_low_loantovalue_hoping_to_get_a/ +https://www.reddit.com/r/UKPersonalFinance/comments/ayfbv6/what_to_do_with_4k_in_cash_when_i_am_saving_for_a/ +https://www.reddit.com/r/UKPersonalFinance/comments/9du131/how_close_am_i_to_being_able_to_buy_a_flat_what/ +https://www.reddit.com/r/UKPersonalFinance/comments/5ulnv9/how_and_when_do_i_fund_my_help_to_buy_isa_savings/ + +I finally got my own place! :) + +https://imgur.com/a/fFsi0Er +https://imgur.com/a/TsjlZHx + +It has taken over 3 months to go through due to everything going on, and I still haven't moved in yet, but I've got the keys and have started clearing the garden (most or all of the trees are going to be felled). The gas is due to go in soon (cost me £750), after that GCH and carpets, and finally me and all my crap! :D + +There is almost too much backstory to write, but feel free to ask if you have any questions. +If we're investing in a nonregistered account but only buy units and do not sell, is there anything to report on the tax return? Or is it only when you have capital gains from selling that you should report so that you know how much you owe (if you had capital losses so you can deduct it from your taxable income)? +Look at how many articles they have written about Fortis. I noticed this looking at FTS's stock ticker on yahoo finance as articles relating to them are found at the bottom. + +1. [2 Future Dividend Kings to Hold Forever](https://ca.finance.yahoo.com/news/2-future-dividend-kings-hold-180010242.html) Posted yesterday + +2. [3 Dividend King Stocks That Could Crush It in August!] (https://ca.finance.yahoo.com/news/3-dividend-king-stocks-could-173823604.html) Also posted yesterday + +3. [3 Recession-Ready TSX Stocks to Lap Up Right Now] (https://ca.finance.yahoo.com/news/3-recession-ready-tsx-stocks-120533619.html) Posted 3 days ago + +4. [TFSA Investing: 2 Stocks With Stable Dividends](https://ca.finance.yahoo.com/news/tfsa-investing-2-stocks-stable-154537872.html) Posted 5 days ago + +The same freaking article is re-worded slightly and posted every other day. What benefit do they think people are getting reading about a utility company's dividend every other day? I can't understand how anyone would pay for this service. +Hey everyone thank you for the advice and for sticking up for me in the comments. I’ve gotten the advice I’m looking for and decided to delete/edit. + +I know the abuse part is alarming and it’s not as easy as calling social workers and the police on someone I grew up with and loved +I don’t have the strength mentally to do that right now and it doesn’t always work out it the way some of you think. + +A roommate sounds good but is last resort for and for a reason thank you + +What I will do right now is leave whether it be in a vehicle or an apartment and take those extra steps in a better headspace. Thank you for your support and for your financial advice!! +https://nos.nl/artikel/2386989-beleggingsplatform-degiro-verkoopt-miljoenen-orders-klanten-door-naar-duitsland +https://fd.nl/beurs/1389205/degiro-verkoopt-miljoenen-orders-particulieren-door + +English source: +https://netherlandsnewslive.com/investment-platform-degiro-sells-millions-of-customer-orders-to-germany/186176/ + +DeGIRO, a broker used by many Europoors will be (they are trying to) selling orders to other entities. This is deemed illegal in most EU countries and investigations have started. The Dutch trade authority is investigating, their main concern is in who's benefit the order flow is. And/or retailers/less advanced investors being played out by institutions with access to order flow/data. + +EDIT: clarification/better wording. They are not doing this yet, they intend to as per u/evertwindelen. + +EDIT2: I highly recommend reading the comment section of this post, wrinklies have called DeGIRO and have gotten similar statements. +I was working a part time job at a really fun place and had a good relationship with my team. I’m not going to name the names of these places just for privacy and that. I needed to get more of a career job and always wanted to work in finance. I landed a position for a fairly well known but up and coming company and sounded promising. It’s work from home and 9-6 mon to fri. + +At first I didn’t know what to think of it, but I’ve been here for over a month now and I just dread going to work, I can’t stand it, it’s not what I thought it would be. I call customers to book appointments with a specialist in the field required to help their financial position. But I can’t help but feel like I’m just a telemarketer. + +The theory work is fine, don’t mind it at all, the team is a good bunch of people too. But the calling and you never know the reaction you’re going to get is taxing. And the fact I’ve never even met a coworker cause it’s from home feels like I have no friends now. Unfortunately the role just doesn’t feel right for me. + +Has anyone had similar experience where it got better? Should I stick it out and stay in the finance world or should I look to venture to another job? +FAFSA says I don’t meet requirements for any financial aid, as my “Expected Family Contribution” is $37,000. Where does this number come from? I was fortunate to be allowed to borrow an old 1990s car for school (that I’m grateful for), but that’s far from $40,000. + +Edit: Spelling +Moderators currently share 15% of the weekly distribution of 2,000,000 new donuts. This poll proposes to reduce that to 8%. The result would be a greater share of new donuts being distributed based on comment and post karma. + +[View Poll](https://www.reddit.com/poll/aga9h8) +Should I put most of my investment money into index funds inside a Roth and keep a little outside to invest/gamble in stocks, or should it be more balanced? +In the two weeks since the release, **$KILIMANJARO has rewarded holders with more than 100.000 USD in $KILI tokens. And today is no exception. WE HAVE A POT OF 20K USD worth of KILIs (and growing) 🤑🤑🤑** + +Kilimanjaro is very special, because the lottery isn't as simple as it looks. You **only need to buy 100 KILI tokens to forever participate** in it. Since the first day, Kilimanjaro has rewarded each one of its 3 daily winners **with at least 600 USD.** + +**HOW IT WORKS?** + +Kilimanjaro is an aggressive lottery token that applies a **5% tax to each transaction**. + +* 2.5% is automatically burned 🔥🔥🔥 +* 2.5% goes into the lottery pool. + +The lottery is **automatically** **triggered every day** directly by contract and selects **three holders**. If the amount of $KILI tokens that the winner holds surpasses the reward received, they get the full reward. If not, the holder only gets 50% of the reward and the other 50% is burned! + +**The funds are automatically sent to your wallet.** + +To **participate in the daily lottery**, you **only need to buy and hold 100 KILI**. Once you've done that, you'll participate in the lottery as long as you don't sell. + +**🔒🔒 COMPLETELY SECURE 🔒🔒:** + +* [Audit by Solidity Shield](https://kilimanjaro.finance/documentation/audit.pdf) +* [Liquidity Locked by Unicrypt](https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea) +* [Dev and Marketing tokens locked by team.finance](https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI) + +**Join our telegram, devs are always available:** [**https://t.me/kilimanjaro\_community**](https://t.me/kilimanjaro_community) + +**Check our cool website:** [**https://kilimanjaro.finance**](https://kilimanjaro.finance/) + +**💵 BUY ON PANCAKE SWAP:** + +[**https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +**\*** Set slippage to 6% +I grew up poor. Really poor. Housing. Government benefits. Single parent. +The only time we had food is when ma and I would go down to the women’s centre to get a supermarket voucher. $40. Otherwise it was always canned food. Makes sense why I was so constipated all the time. +It was awful. All my clothes were secondhand. I never got any new toys. They were all hand me downs too. Everything was a hand me down. +I couldn’t have music lessons even though I showed a massive interest. This was wayyy before YouTube days so you couldn’t learn online for free. +I spent most of my time watching whatever’s on tv. +It was awful. + +I’ve since turned my life around as an adult and it’s amazing. I’m in a very comfortable position for my age group [$534k net assets DINK] and I don’t have anything to worry about financially. +However, every now and again I do get very anxious. And I don’t spend. And I bring my COL right down, sometimes unnecessarily. I need a night guard so my teeth will stop moving. They cost $1k-ish. At my position with our income, this isn’t even a hiccup. But I get so afraid of ever having to experience my childhood again, I begin to think that it’s frivolous. +Until I get reminded of how silly the situation is. Of course I’m getting those night guards! + +Are any of you, still haunt by your childhood? How do you cope with it? + +Edit: Thank you everyone. Especially u/thorskay. Enjoy the gold. +I have great comfort in knowing that I’m not the only one. And that my anxiety is ‘normal’ and I’m not a freak. It’s going to take time and patience and possibly therapy for me to get over this. But I can and I will. I believe in myself. I got this far. + +And FWIW, I don’t live in North America. Have called and couple places for quotes and $1k mark is right for the kind of night guard I need. +Hello, this is my first post on r/PersonalFinance! I'll start by saying this. The realist in me knows that I should take the money and elope (and this is r/personalfinance so of course you're all going to tell me the same, haha). However, the idealist little girl in me has been thinking about what my "wedding day" would be like for a long time. I have a very close/big family and we like to do things "big." I'm not a very traditional person at all...but when it comes to my wedding, I've always imagined having a large celebration, surrounded by all of my family and friends....and basically going all out. I know that this amount of money could give our marriage a wonderful financial foundation and I know that the marriage is more important than the wedding day. I'm just worried that I'll regret not having a more traditional wedding and that I would be missing out on memories or something...my fiancé is amazing and is being very supportive of whatever I want to do, since the money would be a gift from my parents and because of the whole bride thing. + + +ANYWAY, we are really reflecting on this.....we want to be wise AND true to ourselves. Some ideas that we've had have included things like having an intimate ceremony at a beautiful location in the mountains, then going on our honeymoon (which we'd pay for), and then having a big (and much cheaper) party when we return. Our only debt is $16k that he has left on his car, and around $35k that I have left to pay in student loans. + +Neither of us have had our hands on this kind of cash before, so we want to have a plan of what we would do with it before we make this decision. +Hi everyone, + +I am in the incredibly privileged situation of having more than doubled my salary when switching jobs earlier this year and I now make about £110k a year. While this is amazing for obvious reasons, I'm completely out of my depth since I'd never hoped I'd breach 6 figures any time soon (or ever tbh) and I come from a modest background so I don't really have any idea what I'm doing and can't really ask anyone in my immediate circle for advice. + +This is my current situation: + +* Early 30s +* Partnered, no kids. Partner is on £30k, we pool household money (groceries, bills, date nights, etc...) based on respective earnings but have separate finances otherwise +* £110k base salary - possibility of a bonus but very much not guaranteed +* £85k left on the mortgage, 2 years left on the fix, 1.25% interest rate +* No unsecured debt +* 12 months of super basic living expenses (utilities+groceries+mortgage) in emergency fund +* £14k in a pension (started later than normal as I immigrated to the UK from a country that has good state pension and didn't really occur to me to contribute more than the minimum until a year ago) +* £34k in a S&S ISA 90% global all caps 10% bonds (going down FAST given the current conditions but I trust the process) +* £20k of non emergency fund in cash because I'm an indecisive idiot who can't decide what to do with it without a proper plan + +My Plan: + +* My employer contributes 3% pensionable earnings non-SS to a high fee platform, so I'm paying the minimum 5% in there and then making up the difference to £32k in a SIPP to get to £40k when considering tax. +* Put £20k in my S&S ISA +* Emergency fund in Chase Savings account accruing 1.5% interest +* My current expenses plus an extra 500£ a month (to account for mad inflation and to allow some lifestyle creep given the raise) come to about £23k a year, so per my calculations I would have about £5k in cash left over at the end of the year. If we add the £20k cash I currently have and the possibility of a bonus (10-20% of base) that could be a lot of money left in cash + +The way I see it, my options are: + +* Frontload the pension as much as possible, using up part of my left over pension allowance from previous years (about £106k in total I believe) +* Put it in a GIA and bed and ISA the gains over time +* Overpay the mortgage as much as possible before remortgaging time comes and with it some crazy interest rates +* Blowing it all on booze and dancers (joking... kind of) + +If you've stuck with this ramble so far, first of all thank you very, very much. Secondly, what do you think of the plan? See any obvious faults or inefficiencies? What option should I go for? + +EDIT: omg, thank you all so much for the replies, I didn't think so many people would chip in! You guys are giving me a lot to think about especially re: my long terms plan. I'll need to have a proper sit down and do some strategising. Unfortunately, the booze and dancers options is off the table since the missus has seen the post 🤣 +*The Jungle Beat will be posted every trading day at 4:20 pm NYSE time!* + +https://preview.redd.it/uiiuhjny08a71.png?width=1426&format=png&auto=webp&s=56bc5df1fc553b5e124a85cdbe6897a3e3ea4b37 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $191.23 + +&#x200B; + +Open Price: $190.88 + +Daily High: $194.78 + +Daily Low: $186.75 + +Volume: 1.53 MM + +# Seriously this is the lowest vol in a year 👀 + +&#x200B; + +[shoutout u\/dlauer for the meme!](https://preview.redd.it/5i6ibt4129a71.png?width=1362&format=png&auto=webp&s=3de88941b6b7628ab0d59effbaab0beda8c84eca) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Lego Support Achieved, Brick by Brick + +&#x200B; + +[awww yissss](https://preview.redd.it/so6s4ihbg8a71.jpg?width=1080&format=pjpg&auto=webp&s=471681f08dde11184fd9e26026db335b74f0aa5c) + +&#x200B; + +[thanks u\/zedinstead](https://preview.redd.it/c4vc6igdg8a71.png?width=640&format=png&auto=webp&s=994d6229e9eee28577dab54dd226e217364304f3) + +Well Superstonkers, between the apes on this sub and the people who saw RC's tweet yesterday about the Gamestop lego set, it appears it has received full support needed to make it to the next phase of development. Seems like the perfect keepsake to remember just how much we love the stock, and the store. I would most certainly buy 2 so I could keep one in the box forever, and repeatedly step on the other set around my mansion for years to come. 🙃 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight + +Must read DD- [u/PWNWTFBBQ](https://www.reddit.com/user/PWNWTFBBQ/) [Thinks they figured out the shorting algorithm](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/). + +&#x200B; + +[meme cred u\/PWNWTFBBQ](https://preview.redd.it/kw6ptu9bo8a71.png?width=772&format=png&auto=webp&s=11af90f992079edec10068b7530631b129671f70) + +&#x200B; + +# Codes + +by u/Captain-Fan + +&#x200B; + +Hey Captain-Fan here, happy to see that his programming knowledge is finally useful to get in on the tweet explanation game. + +&#x200B; + +https://preview.redd.it/uc3mwpltv8a71.jpg?width=1080&format=pjpg&auto=webp&s=97aa5f12416ce7d72a40ed8207b70c7d0c498cff + +A pull request is a coding thing, it means that you've added some code to a project and are asking the owner of that project to add it. + +&#x200B; + +When multiple programmers are writing a program together, it is very important that they don’t accidentally overwrite each other's changes. To prevent this each developer downloads a copy of the ‘master’ version of the code. This master version contains all the accepted changes to the code, so you are sure that it will work. The developer will then start writing new code, and submitting pull-requests. When receiving a pull request, the owner of the code will check if it does not cause issues, and accept the request if it doesn’t. This new code is now part of the master version, so that the other programmers also download the new code the next time they download a copy of the master version + +&#x200B; + +# Relevant Post + +&#x200B; + +[One of the addresses associated with the GameStop NFT had a transaction today. Any wrinkle brains able to tell what it was used for?](https://www.reddit.com/r/Superstonk/comments/ogjbcy/one_of_the_addresses_associated_with_the_gamestop/) + +&#x200B; + +Top comment from u/nuclear-falcon: + +**Official Gamestop NFT Contract “GME NFT”:** + +0x13374200c29C757FDCc72F15Da98fb94f286d71e + +**Was created by “Creator”:** + +0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad + +**"Creator" is the account in question that OP linked.** + +*Creator is a contract itself!* If you go to the contract's [etherscan page](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#readProxyContract) \-> Contract -> "Read Contract as Proxy" you can get a little bit of information. The NAME field is “**Gnosis Safe**” which is a service in the form of a contract to force multiple people in a company to sign off on transactions before they happen, which is how you keep crypto at a company safe. [Here](https://help.gnosis-safe.io/en/articles/3876456-what-is-gnosis-safe) is a brief overview from their website. + +If you go to the Creator address, you’ll see a transaction from \~8 hours ago and then one that happened \~5 minutes ago (all from the time of writing). The “Events” tab on etherscan allows you to see which functions were executed. + +Transaction from \~8 hours ago was to add “Add Owner” function execution. I think this means they added another person who can sign off on transactions. + +Transaction from \~5 minutes ago executed 2 functions: + +Remove Owner - to Remove a person/wallet from signing off on transactions + +Add Owner - same as the one from \~8 hours ago that adds someone + +**What I think this means:** + +The NFTeam is adding new people who have rights to sign off on transactions with the official GameStop company crypto. This is a security measure that means no single person at the company can control/steal/send crypto to anyone else + +🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Personal FUD: Defeating the Enemy Within + +by u/bradduck_flyntmoore + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! Today, I'd like to talk to you all about Personal FUD and how to overcome it. What IS personal FUD, you might ask? For the newer apes who might not know, FUD is an acronym meaning Fear, Uncertainty and Doubt. It often comes in the form of shills using disinformation or misdirection, even straight up lies or threats. BUT, it is also all those negative thoughts creeping around in your head that whisper negativity to you. + +&#x200B; + +"You didn't earn this." "It'll never work out, it never does." "You'll find a way to mess this up, just like everything else you touch." "Other people deserve this more than you." "Give up, it isn't worth it." "What about all the people that will suffer if you break the economy?" "You never get lucky, this is no different." Those are just a few examples of personal FUD. The things we say to ourselves that bring us down and make us question why we are even here in the first place. + +&#x200B; + +I've seen a lot of apes go through this, especially when they first get deeply involved with GameStop. Hell, I went through it. It is for this reason I write to you today, to let you know: apes together strong; you ARE worthy; and you DO deserve happiness and tendies. I shall now elaborate. + +&#x200B; + +Whose capital are you investing? Yours. Whose time are you dedicating to learning about the stock and the market as a whole? Yours. Who has to deal with the shills constantly trying to drag apes down and convince them they are wrong? It's YOU! It is all apes. Who has been patiently waiting for days, weeks, or months, only to watch the stock get manipulated like crazy? You again. But guess what? Apes are STILL winning, despite all the fuckery they can muster. + +&#x200B; + +**Nobody made you do any of that. It wasn't luck. It was all a conscious choice you made to better yourself, your life, and the lives of those you care about.** Is it a risk? Sure, most worthwhile things are. There is no way to know what the future holds. This risk, unlike most others, however, is extremely calculated. There is a mind-boggling amount of info supporting a MOASS. Hedgies r fuk, as the saying goes. Just look at the media for confirmation. How long has this "been over" now? I don't know about the rest of you, but I ain't hear no bell!! + +&#x200B; + +As a community, I've seen some incredible love and respect and knowledge and kindness and humor being passed around. Blows my mind every day. This is, in my humble opinion, the greatest place on the internet, and what apes are doing WILL change the world. It has already started. Just look at all the new rules that are being put into place because of the actions of apes! Look at the extremely knowledgeable, industry professional AMA guests that come here and the light that burns in their eyes upon seeing how serious apes are about breaking the corrupt game to pieces. It's amazing. They know it, I know it, apes should know it, too. + +&#x200B; + +I'd like to leave this on a note for those who still have Personal FUD rattling in their heads, despite what I have said here. Reach out to your fellow apes. Engage in the community. Learn. Laugh. Don't be afraid to talk about your Fear, Uncertainty, and Doubt. WE HAVE ALL BEEN THERE. Some of us likely still are. Lean on the apes that have more experience or have been in the game longer. Apes Together Strong means helping each other become better than we are, every day. I do not Fear for our future, rather, I am excited for it. I am not Uncertain of the outcome, as we have already won; it's just a matter of waiting for reality to catch up. And I do not Doubt apes will change the world, as I can see it happening before my very eyes. + +&#x200B; + +**Power to the Player! 🚀🌙** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Time Out! 🙅‍♀️ + +by Pink + +&#x200B; + +As we approach another weekend, I want to first commend everyone here for doing such an amazing job of helping to keep the sub clean. As difficult as it seems sometimes, we are running like a well-oiled machine. Having said that, I would like to take a minute to discuss the reality here. + +&#x200B; + +Whatever is happening in the broader market right now- [which seems to indicate a big correction coming](https://www.reddit.com/r/Superstonk/comments/ogp3se/a_tldr_history_of_market_crashes/)\- **is going to happen regardless of what happens in this sub**. We are a community of wonderful apes that all happen to share a love of the stock, and it's wonderful to be able to congregate here and discuss the future of the stock we like and company we love. This will seriously be a time we will always look back on fondly, no matter what the future holds. + +&#x200B; + +But I stress again, that whatever is about to happen, is set to happen. If the stock goes up, if the market crashes, moon soon or not, millis or billis or trillis or whatever... it is going to happen no matter what we do. The power is not in our hands. All I do is buy a stock I like and HODL it tight. And I have all the time in the world for that, it doesn't cost me a dime more than the ask. + +&#x200B; + +The hedgies must pay every day that they hold a short position. And not just the implied cost of holding the position. They have to pay the media for their spun narrative, and their shills to infiltrate and harass our community. + +&#x200B; + +*Which brings me to another point. We don't harass anyone. Not hedgies, not other subs, and not former mods. So anything referencing that mod and their recent visit to our sub will be removed.* + +&#x200B; + +So spend some time away whenever you can from the craziness that we are witnessing. Go outside, drink lots of water, spend time with the fam and friends... pet your dog and HODL your shares. We'll get there when we get there. ✌💖 + +https://preview.redd.it/tnfkhvpzx8a71.jpg?width=900&format=pjpg&auto=webp&s=f158d3e0332ec950639e8a27e515a6b97d82e2a4 + +# Don't forget you can comment !powerup! for your limited edition Power to the Players flair! Happy Friday! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +&#x200B; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) +* [**Gamestop Ireland**](https://www.gamestop.ie/)**,** [**Gamestop Germany**](https://www.gamestop.de/) +* [**New! Gamestop Discord!**](https://t.co/TkbaCsiHQM?amp=1) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/StonkSandwich](https://twitter.com/StonkSandwich) + +[https://twitter.com/ItsCaptainFan](https://twitter.com/ItsCaptainFan) + +[https://twitter.com/grungromp](https://twitter.com/grungromp) + +[https://twitter.com/MetaMadie](https://twitter.com/MetaMadie) + +[https://twitter.com/\_\_badtothebone\_](https://twitter.com/__badtothebone_) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/algsl1yw08a71.png?width=1600&format=png&auto=webp&s=9049aecc1134c7b7b283a1c5092d493381a4aafd +Warren Buffett's Berkshire Hathaway 13F summary for the quarter ended Dec. 31, 2019: + +New Stakes +BIOGEN IDEC Inc. (NASDAQ: BIIB) new 648,447 share position + +Kroger Co. (NYSE: KR) new 18,940,079 share position + +S&P DEP RECEIPTS (NYSE: SPY) new 39,400 share position + +VANGUARD S&P 500 ETF (NYSE: VOO) new 43,000 share position + +Raised Stakes + +General Motors (NYSE: GM) raised from 72,269,696 shares to 75,000,000 shares + +Liberty SiriusXM Group (NASDAQ: LSXMA) raised from 14,860,360 shares to 31,090,985 shares + +Occidental Petroleum (NYSE: OXY) raised from 7,467,508 shares to 18,933,054 shares + +RESTORATION HARDWARE HOLDINGS, Inc. (NYSE: RH) raised from 1,207,844 shares to 1,708,348 shares + +**SUNCOR ENERGY, Inc. (NYSE: SU) raised from 10,758,000 shares to 15,019,031 shares** + +Lowered Stakes + +AMERICAN AIRLINES (NASDAQ: AAL) lowered from 43,700,000 shares to 42,500,000 shares + +Apple Inc. (NASDAQ: AAPL) lowered from 248,838,679 shares to 245,155,566 shares + +Bank of America Corp (NYSE: BAC) lowered from 927,248,600 shares to 925,008,600 shares + +Bank of New York (NYSE: BK) lowered from 80,937,250 shares to 79,765,057 shares + +Goldman Sachs Group (NYSE: GS) lowered from 18,353,635 shares to 12,004,751 shares + +Phillips 66 (NYSE: PSX) lowered from 5,182,637 shares to 227,436 shares + +The Travelers Companies Inc. (NYSE: TRV) lowered from 5,958,391 shares to 312,379 shares + +Wells Fargo (NYSE: WFC) lowered from 378,369,018 shares to 323,212,918 shares + + +https://www.streetinsider.com/dr/news.php?id=16480016&gfv=1 +**EDIT 2: I'll be posting a follow up thread soon in about a day or so! Right now I'm currently still at my friend's place up until the day after tomorrow so I'm okay as far as shelter goes for the next few days! As far as what my game plan goes I'm still carefully considering the options and what's best for me in the long run for whatever it is I may decide. Seriously though, everyone has been such a big help with your great advice and encouragement! I can't thank you guys enough. I want to make it clear to everyone that I understand how important careful planning and personal finance is to me now and that is a thing that I cannot take for granted EVER. Thanks for all the support, guys!** + +**Also, a lot of you guys wanted my paypal and venmo information so here it is:** + +**Paypal: dragonnguyen@mail.com** + +**Venmo: @Sky-Nguyen-1** + +*While you guys don't need to really do this for me I can't really refuse as I'm in a rough spot right now). Your encouragement is more than enough for me!* + + +**EDIT 1: The good news is that I was able to get into contact with my friend.. He's allowing me to stay with him and his family for a night or so until I figure things out. I'll be using that time to research free help and food services and will work whenever possible. Thank you for supporting me and also for being concerned about my well being. I truly appreciate it. I read through every single post and I understand why you guys want me to go back to Texas. The truth of the matter is that I can't and that reason is personal. The only thing that I can do now is just to make the best out of my situation..** + +Just today I became homeless. I recently made a big move by myself from Texas to South San Francisco.. I thought that I should move here because I knew some people from when I was living here before and thought that it'd be better than going to an unknown state that I know nothing about. I'm at least somewhat familiar with SF/SSF and that's what made me came to California when my dad decided for me to finally move on.. I've never been on my own before, this is entirely different than living with my ex girlfriend.. So let me ask you, **personalfinance**.. What can I do from here? Any advice would be appreciated and anyone familiar with South San Francisco or just SF in general I would love to hear your advice.... And before anything, I don't want to go to a shelter, nor do I know how to get to one. I don't think I'd feel safe at one either.. I haven't ate yet and I'm really hungry but I'm I don't feel that I can go anywhere to get food because I'm carrying 2 large travel bags with me, not to mention my backpack with my laptop. Right now I'm currently sitting at a table in Starbucks that has no charging station so there's only a bit of power left so I'll make this quick. I'll go over what I have on me at the moment. + +* The best thing that I have at the moment is a job (that I haven't started yet.. I start on Tuesday but I'm getting minimum hours (18 hours, 4 days a week). I need to find a place nearby that I can commute to and from work. This is essentially my lifeline. + +* My smartphone (with charger) + +* My laptop (What I'm using right now) + +* My Wallet (I have about $5 in cash and $263 in my card + +* I have a monthly bus pass (Sam Trans) pass that's good up till the end of April + +* I have 2 travel bags (stuffed with jackets, clothes, 2 blankets, and some bathroom supplies - toothbrush, toothpaste, haircomb, shampoo, scrub) + +This is all that I have on me right now and I hope to find a solution or at least a temporary solution by the end of the day before Starbucks closes. +Anyone here live in a rural area and finding prices going up - especially lifestyle blocks with large landholdings? + +It seems all the cashed up city people want to come and live the idyllic country dream. Suddenly living in the country is making a lot more sense during a pandemic. +Okay, so yes I've made over $600 in my time. Got my first electronic check in like, August... I want it to be clear that this is like my first "job", I've never worked before and tbh I don't have a clue on how to work taxes. I haven't gotten a special forum in the mail by Google yet. + +&#x200B; + +I just don't know how to go about paying taxes for this. I just upload videos, it gets ad revenue, then I get paid through electronic check and that's pretty much it. +As far as I'm aware, hospitals are supposed to give you details on what you're paying for exactly, but I asked for this and it seemed as if it was an unreasonable request. + +Secondly, I asked to set up a payment plan over 8 months which they were fine with, but when I asked for that payment plan to be sent to me in writing they refused yet again... + +What are my actions here? I adamantly refuse to give a business my money without an explanation of what that money is for, and an explanation of how this payment is structured. + +Am I out of line for wanting evidence of what I'm paying for and an actual agreement to pay for whatever it is I owe? + +Edit: I live in New Hampshire + +Edit 2: A quick update, I called again and brought this up immediately to the woman I spoke with, I told her essentially that without fulfilling my reasonable request I wouldn't be paying any money. I am very happy with the response that I got, essentially she said her colleague was a bitch and just trying to get me off the phone because I wouldn't make a payment right then. I told the woman I dealt with she was extremely helpful and she told me I should expect a signed letter going over the payment plan I put together and the first bill all at the same time with itemized list details of everything we went over. + +She also removed one of my disputed accounts, so the bill is 1100 to be paid over 6 months :) +If you have multiple properties then you probably have a separate checking account for each property. Let’s say all your rental checking accounts are at Wells Fargo, if you use Zelle then rent from all your properties go into just one of your bank accounts. Is there a way around this or am I missing something? +Always found u/Lorien6's check-in posts helpful for those in need. Haven't seen them in a while, so going to copypasta and continue the good deed: + +"Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at things like official charity links and gofundmes. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄." + +Have a very GMErry holidays, everyone. See you in the new year! +(Not a lawyer but this is what I took from the article I link below, lawyer apes, please correct me if I’m wrong) + +The law allows for citizens to form a grand jury for the purposes of inquiry into government (SEC) private companies (Citadel) or individuals (Kenny boi). +The entities under grand jury investigation have to provide the requested evidence for purposes of discovery, and companies have challenged the requests in the court and lost. + +This could provide some needed insight into actual share count. + +TLDR: if you live one of the Midwest states that allow grand juries, you can form +one by getting a certain number of signatures, then you can compel companies or individuals to release share info. + +Edit: + +Fixed link: +https://ballotpedia.org/Laws_governing_citizen_grand_juries_in_Kansas +Have reached a fat quasi-RE and am lucky enough to be in a position that I brought another person in and am able to work half the year for 65% of the revenue which to me is the dream (trading operation, niche corner of the market but if the opportunity closes i'm in fine shape to pack it up). + +Now that I've got more time on my hands than I've ever had I've been thinking a lot about health. Do you have any tests you have run regularly or things you screen for that are cost prohibitive to most but worth it if the money isn't important? Not a hypochondriac at all but my last physical didn't leave me feeling like it would've caught anything important early. + +For add'l info - 32 year old Male, living in New England +Small post a week ago, I was asked to update when I had made some strides. So here we are. + +After I got such encouraging responses and understanding, it sort of buoyed me with hope. I made the calls that filled me with such deep dark dread. But I made them. + +I called the NDH and the woman I spoke to was just so extraordinarily unhelpful, truly it was baffling how llittle information she could give me. So I moved on. I called Commbank. I called a registered trustee and got some information. I called SPER and got on a payment plan, which the WONDERFUL woman is starting in a month so I have a bit of breathing room to get everything else sorted first. + +But the most astonishing resource was AFSA. I called and spoke to someone for about 40 minutes, he was patient and helpful and kind, and really talked to me on a human level which is something I needed. + +The outcome of all this is: + +The credit card and loan and bill will be dealt with by bankruptcy (budgeted, budgeted again, budgeted some more, and there is no way out apart from it. And that's okay. I understand the ramifications, but I also understand it will help me start over... in a way. I have a friend who went through bankruptcy a while back and his life is inspiring, he got from where I am to a wonderful position... I've never seen anyone better with money and budgeting. He has a loan and a car and a house, and he's helped me a lot with this decision). The SPER debt I will pay off in installments, the community service wasn't an option as I am employed. + +I have applied for so so many jobs. I need a less toxic workplace that pays me what I'm worth... really this is for my sanity and mental health as much as it is for the money!! + +But the cherry on the sundae: I spoke to my GP and got referred to someone who specialises in my brand of PTSD. Have yet to make that call, but I'm working on it. I need more help than I was getting and I'm reaching out for it. + +The cherry on the sundae for this subreddit though: my partner and I will be going through the Barefoot Investor once the bankruptcy has been approved/begun. + +Thank you again for the people who were kind, I appreciate every understanding and patient word I recieved. +The BTC dump today was completely manufactured: + +* About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase: [link](https://whale-alert.io/transaction/bitcoin/b53321a92835b607f94af4703fd0a576209e48f02037f187d4fe6e6443daead3) +* About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: [link](https://whale-alert.io/transaction/bitcoin/3cf3e3d9ad9f2dd8e5f71a6530a9081eaa35d819e17bc654f99b9d40675eed12/1) +* 40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: [link](https://whale-alert.io/transaction/bitcoin/761e464ef57f8ce0fd8064fcc6b52c4529778b07cbaae4d84aa546ddb3fc5152) +* 15 mins after that, a whale moved 10M USDT from one wallet to another: [link](https://whale-alert.io/transaction/bitcoin/b0a9755c65b41e3c69204d9708ddd4b12aa7b935f7f219599333d50e4ad203bd) + +If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with. + +Fuckers. + +Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference. +Are there any other unorthodox or not well know investments that you have made that worked out well?