diff --git "a/reddit_finance_43_250k_252.txt" "b/reddit_finance_43_250k_252.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_252.txt" @@ -0,0 +1,10000 @@ +**CONS:** + +* Additional LLC fees. +* Slightly more costly than using a market participant custodian. +* Added complexity from making an IRA LLC (but the direct registration process is quicker). + +# 2. SDIRA through a market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* A more affordable solution (aside from some early withdrawal situations). +* While the custodian controls the account, they have no influence over what you're invested in. + +**CONS:** + +* Shares are registered in the name of the custodian, "for the benefit of" you as a client. +* Loss of extra layer of protection from brokers without an LLC. (As well as liability protection if you intend to use your IRA to re-invest in real estate etc.) + +# 3. SDIRA LLC through a market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* While shares are registered under the name of the LLC, it is your LLC that you control. The custodian has no idea what is in the IRA LLC. +* Offers Checkbook Control (you don't need the custodian's consent to make investments). + +**CONS:** + +* Additional LLC fees on top of custodial fees. +* A market participant custodian will have a broker partner, but the broker has no access to the IRA. +* This is the most complex option to have an IRA LLC, as you have to do it yourself without the assitance of the custodian. +* A market participant custodian will have a broker partner, and some of the details of the LLC will be shared with the broker, possibly all of the details. Allowing the broker to potentially reverse transactions or trades. +Working as a community nurse currently. I absolutely love my job and my hours. I get paid per patient I see and not hourly. It works out that I make ~$36 an hour on an average day. I usually start at 9-10 and finish by 1-2. I love the work as well. I can't take a second job however as I am always on-call until 5 with a small chance of getting a new admission. I barely work weekends and never work nights. + + + +Been thinking about transferring to a medsurg unit in the hospital. The pay would be considerably more (15-20k a year if I could find a full-time position.. fairly big if). My schedule would likely be 3 days on 4 days off, 4 days on 3 days off consisting of 12 hour shifts. I'd likely have to work weekends and nights. The job itself is very "meh" to me. Stuck in the same 4 walls all day long, not getting to see and treat many of the amazing things I currently do. I'd see my girlfriend and friends considerably less and have much less time for my hobbies. + + + +I'm not hurting for money right now whatsoever (6 months worth of expenses tucked away, only spending 20% of my income on rent, but I do plan on going back to school for my Bachelor's so a bit of extra cash to throw into savings couldn't hurt. What would you do? +I have been going back and forth on this. + +The initial expense is reasonable. After application, course work, testing, and licensing fees it's looking to cost about $1000. I am wondering if the time invested is worth it (150hr coursework + testing + 30hrs CE every 2yrs). + +I work in the healthcare field, and do not intend to make a full career change. But my partner and I are starting out in our real estate investment and rental property endeavors, and we have been advised that this could be beneficial for us to have our own real estate licenses. + +Some suggested benefits: + +* Commission (if I did take on the occasional client) +* Access to Multiple Listing Service (MLS) +* Growth and knowledge in the field +* Networking with other investors/agents +* Better able to manage any of our own rental properties +* &#x200B; + +EDIT: In our state we would have to actively work under a principal broker for 3yrs before applying for our own principal broker license. +For the sake of consistency i'd like to find an ideal paint i could for my multi family properties, these are C/B properties so i'd like to see what shades everyone uses. Some points i'd like to have below. + +Neutral color something white-ish but not the bland white. (there are 100's of whites) + +Eggshell seems to be the best finish as it hides any imperfections + +Something that can be painted both the walls and ceilings, this cuts down immensely on ceiling trim time and expense. + +Brand recommendations? I was always a fan a Glidden Diamond, but since PPG bought them their comparable paint isn't that great. I've been looking into Sherwin Williams lines. + +Something that can cover well in one coat, (i realize no paint does this if you'r going over something dark of course) + +Cost- trying to keep it between $90-$140 for 5 gallons. + +&#x200B; + +Let me know your thoughts inputs and color recommendations! +Guten Morgen to this global band of Apes! 👋🦍 + +There is very little more bullish than Ryan Cohen's tweet declaring his Diamantenhänded grip on his GME shares. We all appreciate the special place that DFV occupies in this movement, but RC's purple ring is by far the largest in existence. That tweet occurring on the very bullish uptrend crossing the weekly MACD and we are well into tit-jacking territory. And of course, the media has turned up the blame machine against us, which foreshadows a surge that is likely to leave at least one of our opponents quite bloody. + +Apes, while GameStop hasn't issued a monetary dividend (or declared a NFT dividend), it is clear that investing in GME pays dividends in entertainment value. There is a reason so many of us individually *love* this stock - this stock brought this community together, is going to forever change the role that retail plays in the markets, and is going to change many of our lives. Nearly anyone is able to experience this with even a partial share, but engaging in ways like DRSing our shares gives us direct control over the outcome. Apes are in control, and we're on our way to the moon. + +Today is Tuesday, November 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$220.17 / 190,15 €** *(volume: 1428)* +- 🟩 115 minutes in: $217.37 / 187,73 € *(volume: 1300)* +- ⬜ 110 minutes in: $217.29 / 187,66 € *(volume: 1294)* +- ⬜ 105 minutes in: $217.29 / 187,66 € *(volume: 1289)* +- ⬜ 100 minutes in: $217.29 / 187,66 € *(volume: 1274)* +- 🟩 95 minutes in: $217.29 / 187,66 € *(volume: 1255)* +- 🟩 90 minutes in: $217.22 / 187,60 € *(volume: 1223)* +- 🟥 85 minutes in: $217.11 / 187,50 € *(volume: 1219)* +- ⬜ 80 minutes in: $217.69 / 188,00 € *(volume: 1184)* +- 🟥 75 minutes in: $217.69 / 188,00 € *(volume: 1169)* +- 🟩 70 minutes in: $220.26 / 190,23 € *(volume: 1072)* +- 🟩 65 minutes in: $217.54 / 187,88 € *(volume: 1060)* +- 🟩 60 minutes in: $216.34 / 186,84 € *(volume: 958)* +- 🟥 55 minutes in: $216.32 / 186,82 € *(volume: 942)* +- 🟥 50 minutes in: $216.34 / 186,84 € *(volume: 935)* +- 🟥 45 minutes in: $216.37 / 186,86 € *(volume: 934)* +- 🟩 40 minutes in: $216.40 / 186,89 € *(volume: 879)* +- 🟩 35 minutes in: $216.17 / 186,69 € *(volume: 701)* +- 🟥 30 minutes in: $215.56 / 186,16 € *(volume: 673)* +- 🟩 25 minutes in: $215.57 / 186,18 € *(volume: 550)* +- 🟩 20 minutes in: $215.54 / 186,15 € *(volume: 528)* +- 🟩 15 minutes in: $215.49 / 186,10 € *(volume: 506)* +- ⬜ 10 minutes in: $215.43 / 186,05 € *(volume: 490)* +- 🟥 5 minutes in: $215.43 / 186,05 € *(volume: 470)* +- 🟥 0 minutes in: $215.46 / 186,07 € *(volume: 322)* +- 🟩 US close price: $218.64 / 188,82 € *($217.19 / 187,57 € 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 1.1579. 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! +Hello everyone, + +I’ve been trading for about 6 months now, four months degenerate, 2 months theta gang, and I’ve noticed trading has a significant effect of how I feel, it’s as if the market has taken over my personality and made it almost as bipolar as the market is. I understand that theta gang is supposed to mean not stressing out, and your trades are 45 days out, but I can’t help but feel incredibly stressed on red days and incredibly euphoric on green ones. Do any of you have any advice? Stress also comes from seeing others make these 1000% plays and feeling as if I missed out, even though those plays are once in a blue moon. If anyone has gone through this, or has advice, I’d love to hear it, it’s keeping me from focusing in class, or anything I do now, and getting really bad. + +Thank you, + +Significantconflict3 + +Portfolio: + +https://imgur.com/gallery/qnJxWUa +# Let's frame this conversation. + +An easy way to think of trading is that you are placing bets against other people. It’s a competition! + +For the most part, when you make a dollar, someone loses a dollar, and no one here is running a charity. So how do you ensure victory in a competition? You find an edge. That’s what good trading is all about. + +# What is an example of an edge? + +Imagine you are competing in a weight lifting competition. The person who is on steroids has an edge over everyone else. + +**As you can see, edge is simply an advantage over the competition.** + +When most of us think about retail vs institutional, we think we are at a severe disadvantage. And in some aspects, we are. + +For example, it’s hard for us to compete against institutional traders from a technological perspective. They have better infrastructure and teams to improve them. + +Another example is that they usually have better access to data. A simple example is a Bloomberg terminal. Very few retail traders have one, but over 350,000 people own one. There’s obviously a reason, and its access to information. + +# After reading those points.. Trading can really start to feel like an uphill battle.. + +# But all hope is not lost. + +As retail, we actually have some inherent edges over the big guys. + +# Here are a couple of inherent edges that retail traders have: + +1. **Size:** Since we have smaller accounts, we can trade in areas of the market that are more “capacity constrained”. Warren Buffett said that if he had a million dollar account, he could do 100% a year. This is because he would be able to trade in smaller, potentially less efficient names. Think about it like this. Warren has to look for food in the ocean; we can go fishing in the pond. +2. **Risk Tolerance**: If you work as a PM at a fund and take a 5% drawdown, you are going to have your capital under management cut. In the hedge fund space, PnL variance is important. Everyone cheers when you are up 5%, investors start to pull capital when you are down 5%. One is clearly more important than the other. As retail traders, we don’t have this. We can take on the risk of a bigger drawdown. We don’t have a risk manager breathing down our necks. This opens up some doors, and gives us an advantage over the big funds. + +We may be a small fish compared to hedge funds, but we aren’t always obligated to play their game. And sometimes, we can even take advantage of characteristics of funds to have the upper hand. + +# Here’s 2 examples of how we can use these edges: + +1. Big firms aren’t looking at small companies, or illiquid chains. This means there are less eyes on it, and more chance of something to be poorly priced. By brushing up our own skills and targeting these areas, perhaps we can find some golden nuggets. +2. Large firms (example, pension funds) have an obligation to hedge positions around major events like earnings if the company in question represents a large portion of their holdings. The key word here is *obligation*. When you must buy something, you become price insensitive. If a Put option is going for $4, or $5, it doesn’t matter to you. So maybe we can come in here, price it out, and sell “overpriced” coverage to these funds. + +# Some Motivation + +I know this post started out pretty bleak. But if you take some time to digest the points above, it’s actually exciting. There’s money to be earned, it just takes a bit of creativity and some time spent developing our skills in order to make it happen. + +Now turning these edges into strategies is not always easy (It shouldn’t be). And then monetizing these edges is also difficult (as it should be). + +**But the rewards are worth it.** + +I’ll make another post this week about how to think about strategy, building off the base outlined in this post. + +I hope this post put some wrinkles on that smooth brain! + +Happy trading everyone!! +It’s well known that REAs are some of the least trustworthy people on the planet, to put it lightly, but a recent experience got me thinking that there is systemic corruption within the industry that neither the industry nor government are interested in dealing with. + +Our experience: +We recently found a unit that fit our needs and were advised by the REA on first inspection: “Price guide is $1m but we expect it to sell closer to at $1.1m”. +So good so far - knowing the market is booming we estimated that based on info provided by the REA an offer of $1.15 - $1.2m could secure the property. +We obtained the strata report, at a cost, contacted solicitor to review contract, at a cost and attended a second inspection at a cost. Not to mention cost of our time. +When we were attended a second inspection prior to making formal offer, the REA informed us that an identical unit was sold off-market 2 months prior for $1.3m (I.e not publicly available info) and owner would not accept $1.4m in current market. Why the f*** then was he guiding $1m and expecting $1.1m? +This all occurred in the space of 5 days. + +The above experience is ofcourse only an isolated case, however it got me thinking that this may be far more widespread. How much money is wasted by unnecessary strata reports, building inspections, solicitor fees etc based on misleading info provided by so called property experts? This has to be costing unsuspecting people vast amounts of money. + +Seeing that neither the industry nor any regulator has any solution to the issue, and there is no real recourse - I was wondering if this type of systemic problem could be dealt with via a class action law suit against the REA industry body and a few of the bigger national franchises? + +The basis for any case would be that blatantly false/ misleading information is costing potential buyers millions in unnecessary due diligence costs/time. + +This is perhaps venting more than anything else, but wondering if the community had any thoughts on the validity of such a case? +I am a big skeptic on anyone who sells a mindset course and see it online a lot. Common trading psychology stuff I see for trading is meditation and journaling. But my problem has been mental blocks such as fear of failure and fear of losing money. Anyone have that struggle and got over that? + +I also have no clue on how to build my “trading psychology” any other actionable tips are greatly appreciated. +Here's my entire portfolio, hoping the 7 REITs that I have will provide me with at $75,000 a year in dividends 10 years from now. I'm active-duty military and will retire in 10 years with a pension of around $33,000 a year. With my dividend income from my REITs and pension, I would like to have around $100,000 a year in passive-income. I will most likely be working a government or contractor position once I retire, I won’t be living off the passive-income I make in 10 years. Any suggestions for future growth? I’ll be 38 years old when I retire and still have another time for another career within the government to pull in another pension or slide into a contractor position for more pay but no pension. + +Right now, my 7 REITs provide me with about $18,000 a year in dividends that get reinvested back into the same REIT it came from. + +[Portfolio](https://preview.redd.it/ex8zcx4pnrl71.png?width=1028&format=png&auto=webp&s=970b28900f96e5864345ac71fc1337b46526015d) + +&#x200B; + +[Recent Dividends](https://preview.redd.it/tb8jav7unrl71.png?width=689&format=png&auto=webp&s=9f66073c8094998d063be41b16c9919a1e46443b) +I'm a 18 y/o Junior in high school, and I'm still living with my parents. They practically forcing me into going into college despite me being content working minimum wage as a garbage truck driver, mailman, janitor or literally anything else that won't require a college degree. I want to be a comic writer, and maybe work under a publishing company, but I'll need a backup job since a lot of upstarting writers start out broke. I just want to get out and work on my own so they don't make me accumulate college debt for no reason into something I have no passion about. + + +Currently, my game plan is to get a driver's license as soon as possible, go to work and save up everything into getting a car, and if I'm short ask for some money towards a car on my birthday (though I'm not sure if they'll be down with that). + + +Do you guys have any advice for me atm? +I started a BOA account around last year but my mom has been managing it. I'd like to have a sense of what it's like to use one myself. Tips on saving will be appreciated too! +Sooo I have a big problem, I know how to save up money but idk the art of money. + +What do I mean? You can give $1000 to one man and a month later he has $10,000. You give $1000 to another man a month later he has a new iPhone. + +I want to learn how to make money grow, the art of money. There’s guys who can loose everything but because they know how to make money grow they are back on top a few months later. Why? Because they understand how money works. + +Right now I have money just sitting in the bank, does anyone know what courses or books to read to better understand how money works and how to make it work for you +I had a credit limit of 300, and then it went to 500 and my score went up, I applied for a second card to get a better score and got approved and it's 900. + +My friend is angry at me for not listening to him and says that now I have to spent around 25% of both to keep them active otherwise my score will go down and I don't have that much to buy each month. + +He's telling me to cancel it, though I know that hurts your score too. If I spend just a small amount each month, like 100$ on each, would that hurt my score? + +Yes, it should be easy but I don’t think it’s right. I’m looking at an art piece in Brazil advertised for **R$ 4455,00** but trying to use a conversion calculator it won’t take the comma and without it it’s $2515.00 which I don’t think is right either. + +If you are a mod and I’m not posting this in the right place (again) can you please tell me where I should post this instead of just deleting it? I’d appreciate it! + +Can anyone help me with this? Thanks! +I’m going to Jones Beach on Friday to sell Ice Pops. I’m going to buy 250 for 10$ and sell each for around a dollar.So 240$ profit. Just wondering if any of you have tried this out, and if ice pops would sell. I was also wondering what you think people would want to buy the most at the beach wether it be (water, chips, coke, ice cream, towels?) Anything would help. +My husband and I are in our twenties and both college educated. We have one child who is not school aged yet. Between us we pay almost $1000 in loan payments a month. We have one car paid off and one care we pay on. We are both making between 25-30k before taxes. We send our son to daycare three days a week and my MIL watches him the other two.... We are currently living with family rent free, to help save us for our own place. When I think about paying a mortgage, full time child care (if we decide to move away from family), another car (when one inevitably dies), etc etc., I just don't think we will ever be able to do it. On top of that, I don't picture either of us making much more money w/o going back for another degree. After spending hundreds of thousand of dollars on school, how are we supposed to make ends meet on these salaries? I am just lost.... I feel doomed to live here forever. ++5% after hours. + +- **Revenue**: $43.1 billion versus $40.2 billion expected +- **Earnings per share**: $2.03 versus $1.64 expected +- **Intelligent Cloud**: $14.68 versus $13.76 billion expected +- **More Personal Computing**: $15.12 versus $13.55 billion expected +I'd like the opinion of some of you who bought $fb on the dip. i.e. <$170. What kind of indicators are you looking at to sell? Price action, rsi, profit margin, other? I've set a trailing stop so I don't loose what I have and I have a plan for closing my position I just wanted to hear some of y'all's thoughts. I don't plan on holding $fb long term. Thanks. +I discovered the crypto world in February when there was the pump and dump of doge and ripple. +I bought doge at 3cents and xrp at 30 cents. +I used binance. Binance offered me to buy bnb in order to pay less commissions, so I bought bnb at 35€. + +At that time I realized I invested too much money in something I didn't know enough, so I joined this Reddit and started to study and learn. + +The first thing I "learned" was that: +- doge is a meme made to make rich the billionaires and steal money from noobs like me who will invest and lose money +- xrp is a scam made to make rich it's inventors and soon it will be illegal +- bnb is a Chinese ripoff of ethereum with an artificial pump of the price that soon will collapse. + +I immediately sold my coins because everyone was saying I was going to lose everything. If I didn't sell them, in just 2 months now I would have so much money that I don't even want to check exactly how much because I would die of anger. + +I decided by myself, it's not anybody else fault, but please stop with these posts where you advice people to sell shitcoins because their price will collapse, because you can't predict the market. + +Honesty I don't like these coins, I learned a lot in these months and now I focused my money in different coins with better projects, I believe I'll get a revenue in the long run. + +But never forget that nobody can predict the market. And most important, the market is not related to the project, it's related to the hype. If everyone is talking about doge, everyone wants doge, so the price will spike. You can have the best project ever but if nobody knows about it, nobody is interested, so the price won't grow. + +Right now the most recent post got 7,5k upvotes and it's another post saying that doge is a scam and nobody should buy or they'll lose their money. +Why? If you don't like it, don't buy it, you can also say that you don't like it, but please stop pretending that you can predict the market because you can't. + +Maybe doge will collapse in few days. Maybe it will reach 1$. You just can't know it. Personally I won't invest now in doge because I think it's already too high, but I won't call it a shitcoin and I won't tell anyone to sell. +Dow up almost 1000 points in response...LOL + +https://www.cnbc.com/2020/03/12/fed-to-pump-more-than-500-billion-into-short-term-bank-funding-expand-types-of-security-purchases.html + +Just for context of the size of this: + +The New York Fed increased the size of its repurchasing operations on Thursday in order to address the "highly unusual" disruptions in Treasurys markets. It said it would offer **$500 billion in a three-month repo operation on both Wednesday and Thursday. It also said it would offer $500 billion in a one-month repo operation tomorrow. The New York Fed added it would conduct one-month and three-month operations for $500 billion every week for the remainder of the month**. This on top of at least $175 billion in daily overnight repo operations. As part of the repo operations, the Fed will temporarily lend out funds to broker-dealers in return for collateral such as Treasurys and mortgage-backed securities. The Fed's interventions comes as market participants have worried about the difficult of trading Treasurys in the last few days. +You can now click on the below link to order your free at home Covid Test. Please share with anyone you know + +[http://www.covidtests.gov](http://www.covidtests.gov/) + +&#x200B; + +Stay safe and healthy out there. +With rising rates I’m paying my two properties down at about half the rate, my payments have gone up and a higher percentage of the payments is only going towards higher interest payment. + +Part of me is saying just ride this out as the interest is a tax deduction and the other half of me wants to put more cash towards the principal rather than other forms of savings. + +Thoughts? +We have a very nice house in a "C Class" Neighborhood rented out to a quality tenant who recently has started to complain to me about their neighbors. + +Apparently the house next door is constantly filled with drunken idiots playing loud music at all hours of the day. I typically just tell tenants to call the cops and leave it at that but my tenant started texting me videos of what he hears inside his house and its ridiculous! He says he has called the cops on them several times and it never does anything only to make things worse between him and them. They have started intimidating him, throwing trash in his yard, and keying his car... + +I feel really bad for the guy and I am pretty concerned about what the next few years will look like for me. I previously met these neighbors and they apparently have been there for 8-9 years and don't seem like they are going anywhere. I have called the owner of the house and he clearly couldn't care less. I am feeling at a loss here. I imagine any tenant I would want to rent to will be just as unhappy about the situation as the last and I will just have to burn through tenants on this until these people move. + +&#x200B; + +Any advice? +#Good morning traders and investors of the r/StockMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM- + +***** + +#(**[CLICK HERE TO VIEW THE FULL SOURCE!](https://www.stockaholics.net/threads/todays-pre-market-movers-news-monday-march-30th-2020.9746/)**) + +#[Today's Top Headlines for Monday, March 30th, 2020](https://www.cnbc.com/2020/03/30/5-things-to-know-before-the-stock-market-opens-march-30-2020.html) + +***** + +> * U.S. stock futures were pointing to a modest decline for the Dow Jones Industrial Average at Monday’s open after President Donald Trump extended national social distancing guidelines to April 30. The Dow, which closed 4% lower Friday, did soar 12.8% for the week, logging its best weekly gain since 1938 and raising questions about whether blue chips have bottomed. However, heading into Monday’s session, the Dow was still nearly 27% off last month’s record highs. The yield on the 10-year Treasury remained below 1% early Monday. U.S. oil prices sank below $20 per barrel, near 18-year lows hit earlier this month. + +***** + +> * On Sunday, mortgage bankers warned that Federal Reserve mortgage purchases are unbalancing the home lending market. In addition to the Fed’s extraordinary no limit fixed-income purchases, Wall Street analysts and economists said it would not be out of the question to see the central bank take for the first time ever a passive interest in the performance of the stock market. + +***** + +> * Preparing the nation for a death toll that could exceed 100,000 from the coronavirus, Trump on Sunday walked back his previous remarks about wanting to reopen the country for business by Easter. In continuing social distancing until the end of next month, the president said, “Nothing would be worse than declaring victory before the victory has been won.” Earlier on Sunday, White House health advisor Dr. Anthony Fauci said the country could see up to 200,000 deaths and millions of infections. However, he also cautioned that those numbers are based on outbreak modeling and nothing is certain. + +***** + +> * The U.S., which has the most known coronavirus infections in the world, saw confirmed cases jump to over 143,000 with 2,513 deaths, according to Johns Hopkins University data. New York has about 40% of those cases and fatalities. A field hospital has been set up inside New York’s Central Park to treat coronavirus patients. Abbott Laboratories, which received FDA emergency use authorization on Friday for a test that can detect coronavirus in 5 minutes, was praised by Trump. “Abbott has stated that they will begin delivering 50,000 tests each day, starting this week,” he said. Abbott shares were soaring about 8% in the premarket. + +***** + +> * Global coronavirus cases increased to over 730,000 with 34,685 deaths and more than 149,000 recoveries. Italy, No. 2 to the U.S. in cases with about 97,700, has the worst death toll. Italy’s 10,779 fatalities are more than three times as many as China’s 3,308 deaths. Rounding out the top three, Spain just surpassed China in infections, with over 85,000 cases and more than double China’s death toll at 6,803. China, where the pandemic started in December, has the world’s fourth most known infections, nearing 82,200 cases. Germany is No. 5 in worldwide cases at about 62,400. It has 541 deaths. + +***** + +> * Amazon warehouse workers in Staten Island, one of the five boroughs of New York City, plan to strike on Monday to call attention to what they claim is the lack of protections for employees. Chris Smalls, a management assistant and a lead organizer of the strike, told CNBC that workers at the fulfillment center known as JFK8, have grown increasingly concerned about coming into work after an employee tested positive for the coronavirus there last week. Amazon told CNBC that the company was supporting the individual in quarantine and asked anyone who was in contact with the worker to stay home with pay for two weeks. JFK8 remains open. + +***** + +#STOCK FUTURES CURRENTLY: +######(**[CLICK HERE FOR STOCK FUTURES CHARTS!](https://finviz.com/futures.ashx)**) + +***** + +#LAST WEEK'S MARKET MAP: +######(**[CLICK HERE FOR LAST WEEK'S MARKET MAP!](https://i.imgur.com/pzD22Kh.png)**) + +***** + +#TODAY'S MARKET MAP: +######(**[CLICK HERE FOR TODAY'S MARKET MAP!](https://finviz.com/map.ashx)**) + +***** + +#LAST WEEK'S S&P SECTORS: +######(**[CLICK HERE FOR LAST WEEK'S S&P SECTORS CHART!](https://i.imgur.com/EsF6mmi.png)**) + +***** + +#TODAY'S S&P SECTORS: +######(**[CLICK HERE FOR TODAY'S S&P SECTORS CHART!](https://finviz.com/groups.ashx)**) + +***** + +#TODAY'S ECONOMIC CALENDAR: +######(**[CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!](https://i.imgur.com/mce1VeY.png)**) + +***** + +#THIS WEEK'S ECONOMIC CALENDAR: +######(**[CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!](https://i.imgur.com/5rLsTWv.png)**) + +***** + +#THIS WEEK'S UPCOMING IPO'S: +######(**[CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!](https://i.imgur.com/vOVEFHa.png)**) + +***** + +#THIS WEEK'S EARNINGS CALENDAR: +*($RH $BB $VFF $CHWY $KMX $WBA $PAYS $TTNP $STZ $CALM $GNLN $CSU $CAG $MKC $RMBL $GPL $HEXO $PVH $DARE $CTEK $CYD $NVCN $LW $AYI $ICLK $ALPN $APOG $UNF $EAST $SMTS $CSSE $SCHN $LNDC $NG $RECN $EDAP $APTX $ASND $VRNT $MOTS $VERO)* +######(**[CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!](https://i.imgur.com/InmHVgs.png)**) + +***** + +#THIS MORNING'S PRE-MARKET EARNINGS CALENDAR: +*($GRWG $GNLN $RMBL $CALM $CTEK $CYD)* +######(**[CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!](https://i.imgur.com/Sm5LctR.png)**) + +***** + +#EARNINGS RELEASES BEFORE THE OPEN TODAY: +######(**[CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!](https://i.imgur.com/ho9EpoV.png)**) + +***** + +#EARNINGS RELEASES AFTER THE CLOSE TODAY: +######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!](https://i.imgur.com/hrNOYzf.png)**) + +***** + +#FRIDAY'S ANALYST UPGRADES/DOWNGRADES: +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/q0iWKbS.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/pnJXRXy.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #3!](https://i.imgur.com/9T9bEYz.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #4!](https://i.imgur.com/qMxQyex.png)**) + +***** + +#FRIDAY'S INSIDER TRADING FILINGS: +######(**[CLICK HERE FOR FRIDAY'S INSIDER TRADING FILINGS!](https://i.imgur.com/r6VRiZb.pngg)**) + +***** + +#TODAY'S DIVIDEND CALENDAR: +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!](https://i.imgur.com/BD1YIpS.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!](https://i.imgur.com/TfbQnba.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!](https://i.imgur.com/EysvYE9.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!](https://i.imgur.com/ycEzL4P.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #5!](https://i.imgur.com/uwjtT4d.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #6!](https://i.imgur.com/RPQKKYw.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #7!](https://i.imgur.com/G4gNNJx.png)**) + +***** + +#THIS MORNING'S MOST ACTIVE TRENDING TICKERS: + +* ABT +* AXSM +* JNJ +* NVDA +* CALM +* BK +* CAKE +* CVNA +* APD +* UBS + +***** + +#THIS MORNING'S STOCK NEWS MOVERS: + +######(**source: [cnbc.com](https://www.cnbc.com/2020/03/30/stocks-making-the-biggest-moves-in-the-premarket-jj-sanofi-regeneron-la-z-boy-apple-more.html)**) + +***** + +> **Johnson & Johnson (JNJ)** – The company announced it has identified a lead COVID-19 vaccine candidate, and plans to begin phase 1 clinical trials by September at the latest. Its intention is to have the first batches of vaccine available for emergency use by January. + +> #**STOCK SYMBOL:** JNJ + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=JNJ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/JNJ)**) + +***** + +> **Cal-Maine Foods (CALM)** – The nation’s largest egg producer reported quarterly earnings of 28 cents per share, 10 cents a share above estimates, Revenue also beat forecasts and Cal-Maine said it is not seeing any supply chain disruptions as a result of the coronavirus outbreak. + +> #**STOCK SYMBOL:** CALM + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CALM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CALM)**) + +***** + +> **Sanofi (SNY), Regeneron Pharmaceuticals (REGN)** – The drugmakers expanded a clinical trial of their rheumatoid arthritis drug Kevzara as a coronavirus treatment. The trial now includes patients outside the U.S., after beginning in America last week. + +> #**STOCK SYMBOL:** SNY + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=SNY&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/SNY)**) + +***** + +> #**STOCK SYMBOL:** CALM + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CALM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CALM)**) + +***** + +> **United Technologies (UTX), Raytheon (RTN)** – The defense contractors have received all regulatory approvals for their all-stock merger, and expect to close the deal prior to the open on Friday. United Technologies will be renamed Raytheon Technologies and trade under the ticker “RTX.” The Carrier and Otis businesses of United Technologies will become separate publicly traded companies, trading under ticker symbols “CARR” and “OTIS,” respectively. + +> #**STOCK SYMBOL:** UTX + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=UTX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/UTX)**) + +***** + +> #**STOCK SYMBOL:** RTN + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=RTN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/RTN)**) + +***** + +> **La-Z-Boy (LZB)** – La-Z-Boy furloughed 6,800 workers, cut the pay of senior management by 50%, and of salaried workers by 25%. The furniture maker also eliminated its June dividend and stopped its share repurchase program indefinitely. + +> #**STOCK SYMBOL:** LZB + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=LZB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/LZB)**) + +***** + +> **Tegna (TGNA)** – Tegna said it has held talks with two of four interested parties about their takeover proposals for the regional TV station operator. Those talks have stopped, however, due to the disruption caused by the coronavirus outbreak. + +> #**STOCK SYMBOL:** TGNA + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=TGNA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/TGNA)**) + +***** + +> **Jefferies (JEF)** – Jefferies said its Chief Financial Officer Peg Broadbent has died from the coronavirus. The investment bank named Teri Gendron, the CFO of the company’s financial services arm, as Broadbent’s successor. + +> #**STOCK SYMBOL:** JEF + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=JEF&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/JEF)**) + +***** + +> **Gilead Sciences (GILD)** – Gilead said it would stop taking individual emergency requests for its experimental coronavirus drug due to overwhelming demand. + +> #**STOCK SYMBOL:** GILD + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=GILD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/GILD)**) + +***** + +> **Eldorado Resorts (ERI)** – Eldorado’s deal to buy rival casino operator Caesars Entertainment (CZR) could be in danger, according to the New York Post. The paper said regulators have delayed their review of the $17.3 billion deal due to the virus outbreak, while the casino industry takes a hard hit from ongoing closures. + +> #**STOCK SYMBOL:** ERI + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=ERI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/ERI)**) + +***** + +> **Novartis (NVS)** – Novartis CEO Vas Narasimhan told a Swiss newspaper that its malaria drug hydroxychloroquine is the drugmaker’s biggest hope against COVID-19. + +> #**STOCK SYMBOL:** NVS + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=NVS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/NVS)**) + +***** + +> **Apple (AAPL)** – Apple could see an 18% year-over-year drop in iPhone orders during the current quarter, according to a Reuters report. + +> #**STOCK SYMBOL:** AAPL + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=AAPL&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/AAPL)**) + +***** + +> **Papa John’s (PZZA)** – Investor advisory firm ISS said retired basketball superstar Shaquille O’Neal should not be re-elected to the board of the pizza chain, according to a Bloomberg report. ISS said O’Neal skipped too many board meetings and that shareholders should vote against his re-election at the April 23 annual meeting. + +> #**STOCK SYMBOL:** PZZA + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PZZA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/PZZA)**) + +***** + +> **Procter & Gamble (PG), Kimberly-Clark (KMB)** – Jefferies upgraded both consumer products makers to “buy” from “hold,” noting that both are benefiting from the “pantry-loading” taking place due to the coronavirus outbreak. + +> #**STOCK SYMBOL:** PG + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/PG)**) + +***** + +> #**STOCK SYMBOL:** KMB + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=KMB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/KMB)**) + +***** + +#**FULL DISCLOSURE:** + +> /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums [Stockaholics.net](http://www.stockaholics.net/) where this content was originally posted. + +***** + +#**DISCUSS!** + +What is on everyone's radar for today's trading day ahead here at r/StockMarket? + +***** + +# **I hope you all have an excellent trading day ahead today on this Monday, March 30th, 2020! :)** +Bloomberg reported today melvin dumping alphabet, mastercard and other assets + + +https://www.bloomberg.com/news/articles/2022-02-14/key-takeaways-from-hedge-funds-quarterly-13f-filings-toplive[https://www.bloomberg.com/news/articles/2022-02-14/key-takeaways-from-hedge-funds-quarterly-13f-filings-toplive](https://www.bloomberg.com/news/articles/2022-02-14/key-takeaways-from-hedge-funds-quarterly-13f-filings-toplive) +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. +Hoping someone can take the following snapshot of my situation and provide some sound next steps. Overall, I'm finally at a place where I'm making decent money and have caught up on debt. + +**Annual Income:** 103K + +**Mortgage:** 325k + +**Home value:** 545K + +(Currently I think of this as my nest egg. I live in a growing, active urban core and got lucky picking my home/lot. Did a DIY renovation and am seeing the value easily tick up.) + +&#x200B; + +**Investments:** + +I currently am **not** enrolled in my employers 401k w/ 2% match. Was using the extra cashflow to finish my home reno. Now that it's done, I'm looking at enrolling. The following are additional 401k's and pension funds I've accumulated from other jobs, in descending order of employment. I'm most curious about what to do with these. Combine them? Leave them where they are? Start a ROTH? + +TRoweP: $8431 +Only contributed a few years to this. It's currently super sluggish and returning \~3%. (The company the account was tied to doesn't exist anymore). + +TIAA: $15,300 +I've had this account for 7+ years, but was only contributing/employed for a couple. It's currently returning 13 - 18.9% YOY for the past 2 years, which seems really, really high. Is that normal? + +TRS PensionFund: $29,300 +This earns 2% as long as I don't move the money out. If I reach retirement, I can claim a lifelong benefit. Using their calculation of benefit, that currently works out to \~800 mo. Could probably hit $1K by the time I'm 65. Note, if I return to this industry I can get started contributing again where I left off, which also shoots the ROI up to 8% with the match. + +Savings Bonds: $24,100 +My dad had bonds cut from his salary in my name 20+ years ago. I'm sitting on 175 EE bonds, in mostly $50 denominations, that are about to start fully maturing. There's probably \~$8,000 more in interest waiting to collect. The last bond will fully mature in 2028. + +**Cash Savings:** $5500 +This is scary. Know I need to get this up. + +**Other Debt:** $2400 +Car paid off. Just a couple CC's that I keep pretty low. + +I live a pretty frugal lifestyle, but have been burning through cash thanks to the home renovation. Now that it's done, I'm seeing a pattern of about \~$1500 leftover a month to burn. What should I be doing with it? + + +**Upcoming needs I'm considering:** + +Auto: $300-400 mo payment +My current car is 14years old. Need to upgrade, unfortunately to something a bit high end, thanks to my line of work. + +More home stuff: $50k Detached dwelling +Exploring adding a studio/apartment in the backyard. My house is small and this would add some much needed work space, in addition to being easy rental/AirBnB income. The loan would also include much needed landscaping. Thinking I'd get 30% of the investment back if I sold the home. + +Stupidly, for the first time in my life I'm getting serious about retirement, hope you all can set me on the right track.Thanks. + +**EDIT:** Big thank you to everyone here. Especially those challenging me to make more sobering choices. +I was in a hurry and generally panic about my dog’s health (dog mom problems :p) and paid $300 last May for my dog’s regular vaccines from my usual vet.... his heart worm test was due this month so I finally decided to check out Petco’s Vetco . It was $39 for a heart worm test and three other tick-borne illnesses. + +For fun I checked the price of vaccinations and I could have saved over $200 last May if I just went to Petco. Their price for the vaccines my dog received last year is $69. They also do microchipping for $20. + +These are HUGE savings for a healthy pet!! ❤️ + +[Petco Vetco Link](https://www.vetcoclinics.com/services-and-clinics/vaccination-packages-and-prices/) +Some helpful information: + +Corporate position so salaried pay + +Paid on the 15th and end of the month + +In Michigan (at will state) + +Let me know if you need anything else. I haven't been able to get a solid answer through Google so I'm hoping you guys here can help. + +Edit + +I do have a job line up to start a month after giving my 2 weeks. I'm planning a week in between to move + + +Edit + +Thanks for all the responses! I'll be assuming that I will be walked out but will be prepared to stick around. I'm financially OK either way but I just bought a house and wanted to know what kind of to expect. +After working 15 years starting from McDonalds and leaving my current position as an HR manager, my retire early plan is now starting the next phase. I was able to reach $2.4 million over 15 years and granted due to some luck that accelerated my timeline, but I also was a student and worked 1-2 jobs for about 9 years. I only had 1 job for the last 6 years. My last day will be when my child is born in 8 weeks as they talked me into helping during the transition. They will pay my medical insurance through my 12 weeks of FMLA along with 8 weeks of pay. + +I am very excited and do not have a ton of people to share with because I'd rather them continue to guess on the financial figures. My plan is to tell people I work in finances (Since I do manage my investments). + +I found the main key to FIRE is living below your means. When I told my boss I was leaving, he had no clue but was happy for me. He said you would never know looking at me that I had money. It's very easy to get caught up in material wants and desires. Luckily I married someone like me who also had the same mentality for stuff. We still both live like we did when we both made like $35k a year. + +My 1st job at McDonald's I made $6.95 per hour. Eventually I joined the Army primarily for free college. I was awarded a full ROTC scholarship and continued to drill with my national guard unit. During summers I worked landscaping jobs making $10 per hour. My senior year I had a part time internship in HR, full time school and ROTC/National guard. + +I graduated and got married with a net worth of \~$5,000. I stayed in the national guard and found a position making $35k a year plus NG money. I left a year later for $50k, and after 3 years left for $75k. I currently make about $85k. + +I had failure in there. I was fired from a job. The 1st $1000 I put into my brokerage account at 18, I lost it all. I lost my dad and needed to help my mom. The greatest feeling of FIRE is not about what I can have, it's about what I don't worry about. When I was fired, my co-workers were upset because I had a young child, and they did not know my financial situation. Being on the FIRE path allowed me to not be upset about losing the income. + +Where I got lucky was crypto. But if it was not for my savings and lifestyle, I would not of had the capital to invest in the 1st place. I heard about Bitcoin in college around 2012 and I was deployed in 2014 and thought if it made it here, it might make it further. Over 6 months I bought $20k worth of Bitcoin using the extra deployment money. That story worked out well even thought I had many people over the last 7 years tell me to sell and I was dumb not taking the money. + +I was expecting to hit my goal without crypto by 40. Because HOLY SHIT compounding interest as Einstein said IS the most powerful force in the universe. Starting the goal young and utilizing my time and efforts in my early. Hearing in college that I was frugal as a joke from friends. Some people will never understand my lifestyle, but it is what it is. I look at $2.4 million as $90k, not that I can spend $2.4 million. + +To anyone out there, start early, pounce on opportunities, live below your means and spend wisely, and set a reasonable goal. As everyone says, the 1st $100k is the hardest. The journey is not always easy but it's possible for many with planning and enough time. + +Currently my assets are and $0 debt + +|House|$295k|HSA|$15k| +|:-|:-|:-|:-| +|Cash|$50k|Wife 401k|$202k| +|Fidelity|$905k|Crypto|$900k| +|Pmnakedbitcoin 401k|$22k|Land|$60k| +|Total Today|$2.4 million|August 2020 Total|$884k| + +My spending is excluding daycare is about $35-40k a year. Daycare is \~$22k a year which I am going to watch my kids 3 days a week which will reduce that expense down to \~$10k a year. + +Although I know the crypto part of the story some will say I am lucky which I was. I thought my story is worth a share and wish everyone the best on their path to FI. The flexibility is worth every time I said no to buying something. Onwards to pursing passions and giving time to my group of non profits and not just financially. +It is clear that commodity and energy stocks are the stocks to hold for now. + +There are many commodities and companies and would like to get your inputs about which materials and companies you have invested in or think worth investing in now. + +I only did some valuation for steel companies months ago and was somehow not promising at the time. +Ammo Incorporated does what the name says, manufacture and sell ammunition. They are based in Arizona. + +Last year they bought gun broker dot com, (Basically eBay for firearm stuff) and broke ground on a second manufacturing plant in Wisconsin. + +Despite that, the companies' stock has been slowly falling and may be a good bargain because this seems like it's due to Biden's stance on gun control. Especially because his stance led to a rise in firearm-related sales, especially ammunition sales. Their margin of profit has been > 21% for the last two quarters. + +On the downside, I've only been able to find one person in the management team that's got prior experience in the firearms business. The CEO has none, and he's 79. + +Financials as of last quarter + +Current Assets: 110 million +Total assets: 396 million + +Total Current Liabilities: 43 million +Total Liabilities: 47 million + +P/E: 29.78 +I'm curious other people's strategies for this. Suppose you find a good growing company, fair value 100, you buy in at 80 with a multi year horizon. But with market exuberance it goes to 150. So it's a dilemma, long term prospects are good, but it could take a couple years to grow into this exuberant valuation. + +I've tended to hold through these periods, some remain at lofty levels, others have come back down to reasonable levels. Starting to wonder if selling and deploying capital elsewhere is the right move. + +In short, how overvalued does a stock need to be for you to sell. 50%? 100%? Never if it's a quality company? +I'm a casual worker and as per the title my boss has increased my hours from roughly 12 a week up to 30 solely because they feel the need to make me work what I'm getting paid. Problem is I'm a full time uni student in a somewhat intense degree which means to be working 3 days a week would place a huge amount of stress on me. Not to mention the multiple meetings/tests/classes which are compulsory for me to attend and are scattered throughout the week which will at some point clash with shifts. + +I don't want to complain directly to my boss solely because I need some form of income and don't want to get stood down but is their behaviour within their rights? Or is this the catch of jobkeeper? +My wife is a director at a very well-known fastfood chain. The franchise owner owns two stores that are about 15min away from each other. They split her time between the two stores. According to them, each store is on their own payroll, and thus if she doesn't work over 40hours at one store, she never gets overtime, despite the fact she consistently works over 40hrs cumulatively between the stores. Is this legal? Florida if that matters. + +*Edit - she is hourly, and whenever she works over 40hrs at one store she receives overtime. We checked her paystubs and both stores are under the same LLC. +I am not a financial advisor. this is not a financial advice. I'm a programmer, that loves data, and mostly count on it solely. I suggest everyone to do the DD & invest by your entirely own choice. + +&#x200B; + +**I found something preety amazing about the T+21 dates.** + +After reading [u/Criand](https://www.reddit.com/user/Criand/) excellent DD: + +[Volume 'Glitches' Surrounding T+21 Dates. FINRA Rule of "Orders Locked In By 2:30PM". These 'Glitches' Might Be Revealing The True SI%.](https://www.reddit.com/r/Superstonk/comments/nliz0i/volume_glitches_surrounding_t21_dates_finra_rule/) + +and getting a remider from the T+21 dates he wrote: + +https://preview.redd.it/9zjselvvf0871.png?width=698&format=png&auto=webp&s=48221e2f26389ee7dbb30e68c3416991f8d0249e + +&#x200B; + +I decided to investigate those dates again... and LO & BEHOLD ! + +I found something very interesting in there ! + +It's clear the **T+21 have a very clear distinct price upward jump on a lot of the T+21 dates**, which likely means shorters are "recycling" their fake synths phantom stocks, by creating new synths (again) from a different prime-broker & and returning their washed synths to the previous broker, keeping those naked-shorts always in an open position. + +but it seems **the GAPS between the T+21 days... have another great importance too** ! + +&#x200B; + +**Price "FLOOR" support, keeps rising up, and not letting it break down beneath each new level.** + +**and each T+21 days... the floor keeps rising !** + +&#x200B; + +Clearly seen in this chart I sketched with my crayons... + +[HIGHER FLOOR - GROWING SUPPORT - EACH T+21 CYCLE](https://preview.redd.it/s5ip8nzig0871.png?width=1872&format=png&auto=webp&s=49531cadffd4dd5f8eb0d6a90bb7c8445eba74c3) + +Meaning just 1 simple thing... + +# BUY & HOLD ! + +&#x200B; + +tl;dr + +**$GME Floor keeps rising every 21 days cycle.** + +**Shorters are squeezed slowly but surely.** +Hi all, fairly new user that mainly uses stocks as a savings account. I don’t mind going into risky markets, I just never know when to sell. Any good companies to invest in now that should see growth in 3 months or more? +I was planning on retiring in 4 to 5 years with about 400K in 401K and 2MM in company ESOP along with my wife's teacher's pension, but my company is being acquired and my ESOP will be worth about 4.3MM right now. + +Current situation: + +52 and wife is 53. + +Income - 225K yr + +savings - 60K + +401K - 325K current employer + +20K old employer + +ESOP 4.3MM - Will be rolling over to IRA + +House - 250K - owe 40K@3% + +truck - Owe 12K @ 0% + +Student loans for kids - 32K + +&#x200B; + +I honestly had not planned well for this and have been reading and researching for the past month driving myself crazy. In preparation for this our company has brought in 5 Wealth Management companies/Financial advisors for presentations. The companies brought in have a history with our company managing the cash portion of our ESOP Plan, The cash assets of our company, and our CEO and President. Because of the past relationships the companies are cutting their AUM rates for us to the .6% to .7% range. + +I am meeting with 2 of the companies next week and am pretty comfortable with the questions I want answered, but I am wondering, What if I go it alone? + +My dilemma: + +My wife is retiring in December @ 30 yrs in. I want to retire by next August, not completely, my wife and I still want to get part time, no stress work for a little income, possible health care, and just something to do. + +As noted above I have not planned well. I know we need to get several things done such as wills, POAs,etc. I need to find someone to do my taxes since I have not had anyone do that for well over 10 years because mine was simple. + +Is it advisable to make a trust to protect assets? + +Since everything will be in taxable account, is there anything I can do at this point to get to the money without wasting it all on the 10% early withdrawal penalty? I know about SEPPs and 72t for the IRA and am considering that. I keep reading about Roth backdoors but I don't have a Roth account currently, is there a time frame needed before conversion? I haven't wrapped my head around that yet. + +I looked and our expenses will be about 80K-90K per year with a budget of 15K/yr for vacations. + +&#x200B; + +EDIT: After my oops replies. I figured I would edit here. + +I am trying to slow roll this a little in that I am going to roll the ESOP to an IRA so I can avoid paying taxes right now while I figure out which way to go. I am going to take a little out to play with but the rest will be for the next 30+ years. I truly appreciate all of the replies so far and am considering all options. + +I will probably go AUM for a year to see how it goes. My references to taxes is that we are only going to be 53 so will have to pay taxes + early withdrawal penalties for the next 6 years. + + + +&#x200B; +I was planning on retiring in 4 to 5 years with about 400K in 401K and 2MM in company ESOP along with my wife's teacher's pension, but my company is being acquired and my ESOP will be worth about 4.3MM right now. + +Current situation: + +52 and wife is 53. + +Income - 225K yr + +savings - 60K + +401K - 325K current employer + +20K old employer + +ESOP 4.3MM - Will be rolling over to IRA + +House - 250K - owe 40K@3% + +truck - Owe 12K @ 0% + +Student loans for kids - 32K + +&#x200B; + +I honestly had not planned well for this and have been reading and researching for the past month driving myself crazy. In preparation for this our company has brought in 5 Wealth Management companies/Financial advisors for presentations. The companies brought in have a history with our company managing the cash portion of our ESOP Plan, The cash assets of our company, and our CEO and President. Because of the past relationships the companies are cutting their AUM rates for us to the .6% to .7% range. + +I am meeting with 2 of the companies next week and am pretty comfortable with the questions I want answered, but I am wondering, What if I go it alone? + +My dilemma: + +My wife is retiring in December @ 30 yrs in. I want to retire by next August, not completely, my wife and I still want to get part time, no stress work for a little income, possible health care, and just something to do. + +As noted above I have not planned well. I know we need to get several things done such as wills, POAs,etc. I need to find someone to do my taxes since I have not had anyone do that for well over 10 years because mine was simple. + +Is it advisable to make a trust to protect assets? + +Since everything will be in taxable account, is there anything I can do at this point to get to the money without wasting it all on the 10% early withdrawal penalty? I know about SEPPs and 72t for the IRA and am considering that. I keep reading about Roth backdoors but I don't have a Roth account currently, is there a time frame needed before conversion? I haven't wrapped my head around that yet. + +I looked and our expenses will be about 80K-90K per year with a budget of 15K/yr for vacations. + +&#x200B; + +EDIT: After my oops replies. I figured I would edit here. + +I am trying to slow roll this a little in that I am going to roll the ESOP to an IRA so I can avoid paying taxes right now while I figure out which way to go. I am going to take a little out to play with but the rest will be for the next 30+ years. I truly appreciate all of the replies so far and am considering all options. + +I will probably go AUM for a year to see how it goes. My references to taxes is that we are only going to be 53 so will have to pay taxes + early withdrawal penalties for the next 6 years. + + + +&#x200B; +I read posts here often, about being miserable in a £150k+ job in London and dreaming of quitting for something more relaxing. + +Cue the - somewhat understandable - comments about being completely mad for even considering dropping such a high salary and being ungrateful, not being able to find happiness elsewhere despite all the resources at their disposal, etc. + +I'm not here to discuss the merits of quitting vs. not quitting prior to the decision, but rather just trying to see if anyone here made the jump from a high paid corporate role to a more relaxed role outside of London or abroad (or even to pursue a passion, or travel, van life, along those lines). + +For those who did, how did it work out? Do you miss the flexibility brought by a much higher salary? Or was it a nobrainer in hindsight? + +Cheers! + +EDIT: I should add that I’m not myself saying that I have a 150k job to quit, I’m just curious about other people’s experience +Pretty self explanatory. I currently rent out a home that I am considering moving back into due to personal reasons. By no means am I looking to make life hard for the current tenants! I am just after advise / experiences from others. + +I will be looking to ask the tenants to leave roughly 3 months early (12 month lease). Has any one had any luck with this in the past? I am thinking at the very least to offer a month or two free rent, moving costs etc. Anything else people have offered to sweeten the deal? + +Like I said, I hope people don't see this as a greedy landlord causing drama. If it doesn't work out the way I want, I understand I will just have to find something else and don't want to try to squeeze people out against their will. It's just that my circumstances have changed and I am exploring all options. + +Thanks in advance! +Bitcoin just flipped Berkshire Hathway again in terms of market cap. + +[Market cap of BTC: $724Bn, Market cap of Berkshire \(BRK\) - $713 BN](https://preview.redd.it/ci0mvljks0x81.jpg?width=1420&format=pjpg&auto=webp&s=822c140c37a08d5b458a9ef427fb0602c8437bcb) + +Yet he wants to buy all of Bitcoin's supply for $25. Gotta admire a value investor who sticks to their principles. + +If he lives till 2085, there is a small possibility that a time machine gets invented and he can go back to 2009 and snap up a ton of BTC for $25. + +Source for Market cap charts: [https://companiesmarketcap.com/assets-by-market-cap/](https://companiesmarketcap.com/assets-by-market-cap/) + +PS: Recently Berkshire bought $50bn worth stocks.. and most of these stocks are of Oil and Gas companies like Chevron and Occidental. + +[https://www.marketwatch.com/story/warren-buffett-berkshire-quickly-bought-big-stake-in-occidental-petroleum-in-a-casino-market-2022-04-30](https://www.marketwatch.com/story/warren-buffett-berkshire-quickly-bought-big-stake-in-occidental-petroleum-in-a-casino-market-2022-04-30) + +[https://www.cnbc.com/2022/04/30/warren-buffett-significantly-increases-chevron-bet-now-in-berkshires-top-4-positions.html](https://www.cnbc.com/2022/04/30/warren-buffett-significantly-increases-chevron-bet-now-in-berkshires-top-4-positions.html) + +Its amusing how no one seems to blame him for these dirty investments, but are quick to point out how crypto and bitcoin is the worst things in the world, despite polluting just a fraction of what Chevron and Occidental do.. +Good Morning Future Dillionaires! + +It's me pickle guy here with another day of market fuckery. Yesterday the SHF dumped about 330,000 shares at around 2:45 in what has been the most concentrated effort to drop the price that I've seen since the 10th. It didn't do much however as we still closed ever so slightly above 180. We know were the mayo is and our sandwiches are dry af, I hope Kenny is keeping it nice and warm. + +*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.* + +If you want to watch along with 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**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +# Pickle-Time After Party + +Well now that we are fully slathered in ken's mayo I think we are getting ready to just absolutely launch into the stratosphere. Finally broke to the upside of $200 dollars today closing beautifully right at the 210 resistance. I think we may see some post-market action but nothing major as liquidity dries up. + +https://preview.redd.it/n5524bxnpb171.png?width=720&format=png&auto=webp&s=0884e101cf380732a148c5383106bb0531e5d153 + +Here is were we stand on the 4hr chart. + +https://preview.redd.it/bjvzpt9fqb171.png?width=1343&format=png&auto=webp&s=abcd1c7f2b9c472f1079d04004113a221a919270 + +Breaking to the upside of that ascending pattern as we get ready to enter stage 2 of the ascent, who's ready for some FOMO? Thank you all so much for hanging out today your support as always has been so meaningful to me. Remember your all worth millions and should never settle for a penny less! See you tomorrow morning at 9am. + +\- *Gherkinit* + +Edit 9 3:10 + +looking like a nice turn around after that bull flag 0 shares available to borrow only way to go is up. + +https://preview.redd.it/jidpnx2ifb171.png?width=1410&format=png&auto=webp&s=e2d5d14768989257515316944794f74365edc7a7 + +Edit 8 2:12 + +Looking for a test of 200 after passing that 192.50 resistance + +https://preview.redd.it/6qklhk665b171.png?width=1581&format=png&auto=webp&s=5c9303f6af827c0a80a45b337c0a05b77de44436 + +Edit 7 1:11 + +Chop on 190 volume is really low maybe a real power hour today? + +https://preview.redd.it/xlfvc7jbua171.png?width=1357&format=png&auto=webp&s=f215e287bfb789bf14024d22f69c7a9027773925 + +Edit 6 12:17 + +Head shoulders broke to the downside looks like we might hit 190 and sit there volume is still really low. + +https://preview.redd.it/20aautjpka171.png?width=1278&format=png&auto=webp&s=573e5c85d4e0e93cf1bade006362cb6affafee4e + +Edit 5 11:21 + +Failed the 190 test dipping down below VWAP. Market is also down right now. + +https://preview.redd.it/6y67e2yoaa171.png?width=538&format=png&auto=webp&s=6fd9240fb59088a8d4bf6cce4dcd54a0a1065869 + +Edit 4 11:03 + +Looking for a break to the upside of this consolidation + +https://preview.redd.it/ixnfvtze7a171.png?width=1375&format=png&auto=webp&s=7e373246e161bf1a767836946d882d80487993b2 + +Edit 3 10:30 + +The TA citadel doesn't want you to know about if we hold this 192.5 we could test 200 with a break to the upside of that last triangle. + +https://preview.redd.it/o5khwtgn1a171.png?width=1454&format=png&auto=webp&s=ea81b1b36c8a4912bbb1d1e6c3456da2642cfb75 + +Edit 2: 10:06 + +Pretty solid rejection at 190 about 200k shares dumped if we cross back over VWAP i expect another test + +https://preview.redd.it/a0f9pgh7x9171.png?width=1267&format=png&auto=webp&s=c427d1509628169a73ca40ee39ee189e6b42e127 + +Edit 1: 9:46 + +The oracle of the pickle jar reporting in! Testing 190 at 800k volume looking real strong we could see 200 today if this trend continues + +https://preview.redd.it/7v3nilkzt9171.png?width=1075&format=png&auto=webp&s=10c6192328a5732c38462291d6e8d934b9b4f467 + +&#x200B; + +# Pre-Market Analysis + +I hoping for a test of 190 out of the gate much like yesterdays move up. We hit 182. 50 in the pre-market and then got rejected so at minimum a test of 182.5o again if that succeeds a test at 190. + +https://preview.redd.it/vn4hdpb5g9171.png?width=1509&format=png&auto=webp&s=71fa495a2fe2c0df2bca5df2c2b4064b783ac542 + +BBKC/TTM is still throwing the buy signal + +and I expect a completion of the bull flag pattern. + +https://preview.redd.it/7dq8imeng9171.png?width=1006&format=png&auto=webp&s=3d0db5186c1cab9f9524cb9fe3587bb1f541f76b + +\**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/) +For my background / bona fides, I'm married; in my mid-40's; no kids; total investments (combination of stock and passive real estate) currently are around $6.25M, with an additional $500k in the equity of our current principal residence; and live and work in a major US HCOL city. + +My wife and I are currently considering retiring in a city Europe potentially for a long term, depending on how we enjoy living there versus the US. We're looking to rent rather than buy a residence, and are balancing tax rates, cost-of-living (including medical care), ease of access to other places in Europe for vacations / sightseeing, and access to amenities (including museums, historical sites, dining, and live plays / music). Also, more idiosyncratically, I'm a fairly serious weightlifter and want access to a large, well-equipped, modern gym focusing on weightlifting. + +Two places we've been looking at are (1) Lisbon or its suburb Cascais, a fairly common retirement spot, or (2) Prague, a bit more unusual but seemingly more modern in certain ways, and also centrally located for travelling around Europe. We've run Google searches, read about Portugal's Golden Visa program, watched the Youtube pro's and con's videos, and so forth. + +Having done that, we wanted to see if anyone else here had retired in these areas, or also was seriously considering retiring there, particularly if they were US citizens. We'd be interested in your own ideas on pro's, con's, surprises, things to watch out for, etc (and the name of any good, large weightlifting gyms!). Also interested in hearing of any similar cities in Europe we should be looking at. Thanks in advance, and best of luck to everyone in achieving your goals! +I’ve just started earning extra income from outside of my regular job. I have to pay 40% tax on the extra income :( but at the end of the year. In the meantime, are there any relatively safe ways to get that money to make more money before I need to pay it to the taxman at the end of the year? +And full disclosure, I’m living in one of the 5. I got some encouragement from redditors that I’m very grateful for on this deal, basically saying “it’s not a home run, but you’ll be able to get in there and figure out how to make it work.” + + +3.37% rate as an owner occupant. +Purchased at 277k. +Appraisal came in at 300k. + + +I don’t like to post this stuff on social media bc I like a little privacy. I feel good sharing annon on reddit though. Overall portfolio valued a little over 900k now. 37% equity 63% leverage. Would like to be at or slightly below 30% equity for the whole portfolio, so who knows... maybe I’ll be shopping again sooner rather than later! + + +I’m going to take some time to enjoy this and improve the house (1961 in fair condition) I just moved into. Idk if it’s my forever home, but is a ranch style (my favorite), on a quite street, 2400 sqft, 1/2 mile from my job. The second unit is just basically an efficiency, detached, renting for $625- may consider airbnb-ing it if I can scrape up some $ for a small renovation. Idk if that’s a good idea- might be better off just taking the $625. + + +I think this sub is my favorite of all the online real estate stuff I look at- I appreciate the insights and opinions! The community definitely helped me clear the mental hurdles to get this one locked down! Where do I take it from here? +I started investing in real estate about 18months ago. My score was excellent when I started but I’ve had 5 inquiries since then (bought 3 properties and opened 2 credit cards). + +As expected, my score dipped a little with every inquiry and even more once the new loan accounts hit my report. It typically takes 4-5months to get back up. The bank told me that the credit report is good for 4months and I can avoid multiple inquiries if I apply for another loan within that timeframe but I’ve had legitimate reasons for not being able to buy properties back to back (e.g. high competition and unexpected setbacks) + +Right now, my score is back up from the last purchase (not as high as 18months ago but still high 700s) but my rating on inquiries reads “fair”. I’m not too concerned about this as long as the bank would still give me a loan at a decent rate. + +Does anyone have any experience with this? Will the number of inquiries hurt my chances and/or rates? +So as the title says, I went into a real estate investment with my mother about 6 years ago because I was young and had a bit of money and she had the rest of it and a bit of experience. I fronted about 75% of the downpayment and she covered the rest. It was a long distance investment for me (I'm in the military) and she managed the property and made necessary improvements, which cost a bit more than the down payment itself, almost double. It's been 6 years since we bought the house and shes had tenants in it paying for the entire mortgage and then some the entire time. She has paid for my cell phone bill in return. So now I'm looking to invest in more property, but I want to go in alone so I don't have to worry about a partnership deal, but I need money and I would like to take the money out of the house we bought together since I'm not getting much from that... So my question is, how much money should I be expecting to get out of it. I would think I would get all of my initial downpayment and then interest, but I don't know how much interest I should be looking for, she said it has a lot of equity in it. Please let me know if I can explain anything better. +**Historical Post Earnings Moves MEGA Compilation AND Analysis (Q3 Week 6) - $NVDA, $WMT, $HD, $LOW, $BABA, $SE, $M, and More** + +&nbsp; + +What's poppin' bull gang, hope you all managed to escape meme week with your portfolios intact! The name of the game this week is Retails Giants and Chinese Tech, and it’s here where we’ll find some of our most lucrative opportunities. Although it may not seem like it, some of the companies in these sectors have extremely large historical moves, meaning we’ve got the potential to make some serious dough. We’re also approaching holiday season, meaning that many retailers will give adjusted guidance on their calls in light of the supply chain issues that have been plaguing the globe, adding to the intensity of these already large moves. Let’s get into it! + +&nbsp; + +--- + +#The Spreadsheet +To aid us in planning our trades this week, [**I've compiled a spreadsheet consisting of all of the Historical Post Earnings Moves of EVERY stock reporting earnings this week**](https://docs.google.com/spreadsheets/d/1eV9BTySXfVbMnVZFp5IfkaYf_xETjYyplJh_r-SLMjg/edit?usp=sharing). Using this spreadsheet, we can determine which options to buy or sell to minimize risk and maximize probability for ANY given ticker. Obviously, past performance isn’t indicative of future success, but we can still use these numbers to gain a general idea of the expected earnings move of a given stock. Gone are the days of getting randomly blown out due to lack of information! If you’re struggling to find a given stock, click on the ticker symbol on the index page, it should hyperlink you straight to the table! If the above link isn’t working for you, refer to [this link](https://docs.google.com/spreadsheets/d/1eV9BTySXfVbMnVZFp5IfkaYf_xETjYyplJh_r-SLMjg/edit?usp=sharing) instead! + +&nbsp; + +--- + +#Interesting Observations and Sample Plays + +Below I’ve compiled some interesting observations which can further aid us in making trades this week, alongside some sample plays for those who are new to playing earnings and need some guidance. If I missed anything, feel free to bring it to my attention! + +&nbsp; + +- **The premiums on $NNOX are intoxicating.** Options are pricing around a 17% move at the time of writing, but historically $NNOX only moves 9%. Unfortunately for us, the sample size on this company is small, so we need to tread a little more carefully than usual. Regardless, the most $NNOX has ever moved post earnings is 18%, meaning even if we do get a “maximum” move, we won’t lose much money. I will likely opt to sell a 20/28 strangle once I conduct all little more research into the company later this week. I want to see if I can uncover any reasons regarding ***why*** the premiums are so high. + +&nbsp; + +- **$FL options will be extremely cheap come Friday.** Currently, the options are pricing an 8.3% move relative to the historical move of 9.3% , making them relatively efficient. Given that volatility doesn’t inflate throughout the week, these options should become extremely cheap by Friday since theta will murder the extrinsic value on them. Footlocker is no stranger to large moves, and if we can enter a lotto strangle for cheap Thursday before close, we could be looking at a handsome return come Friday morning. A straddle will currently run you $460, but by Friday this number may be closer to $300. If that’s the case, I’ll roll the dice on this one - I like my odds. + +&nbsp; + +- **Chinese tech give us an awesome collateral play opportunity!** $KWEB is a high liquidity ETF consisting of all of the Chinese tech stocks who report this week. If it behaves anything like American tech does during earnings week, there should be a clear directional move in the entire ETF. If we’re bullish or bearish on Chinese tech as a whole, we should look to go long or short on $KWEB instead of any of the individual tickers in order to mitigate our risks and generate significantly greater profits. For more information on this type of play, check out my in-depth writeup on collateral plays [here.](https://www.hungrybotalerts.com/blog/collateral-plays) + +&nbsp; + +--- + +#Summary and Conclusion + +We've got ourselves an awesome week of earnings this time round! There's many trades that have a great risk-reward ratio on them, which is extremely odd considering that playing earnings is usually a crapshoot. Use the [spreadsheet](https://docs.google.com/spreadsheets/d/1eV9BTySXfVbMnVZFp5IfkaYf_xETjYyplJh_r-SLMjg/edit?usp=sharing) to determine which stocks offer the best risk to reward ratio, and play accordingly! If you don’t see any appealing trades, use [collateral plays](https://www.hungrybotalerts.com/blog/collateral-plays) to dynamically alter your risk profile for a larger potential payout! If the sheet has helped you out in any way, please consider dropping an upvote or a comment, it would mean a lot to me! If you want access to more trading tools, have any specific questions or observations you’d like to share with the community, feel free to check out the community links in the spreadsheet. **Happy Trading!** +Hey apes, + +There has been a lot of tit jacking (mine included) about the possibility of GameStop NFT token being released. Please familiarize yourselves with the NFT by reading [this post](https://www.reddit.com/r/Superstonk/comments/o933f5/crypto_hints_being_dropped_in_gmes_prospectus/?utm_medium=android_app&utm_source=share) by u/loggic. + +Now... calm your tits. Why? **An ape just got scammed.** + + +Ruh roh!!! + +Here's [a post](https://www.reddit.com/r/Superstonk/comments/o99ms3/stay_calm_but_i_think_the_nft_is_now_available_to/?utm_medium=android_app&utm_source=share) of an ape celebrating their own *got scammed* experience. + +How'd they get scammed? Someone made a token and called it GameStop. But it wasn't GameStop. So jack your tits smartly. + +Here's [the scam](https://www.reddit.com/r/Superstonk/comments/o9967o/gme_just_transferred_42069_gmetoken_to_itself_on/?utm_medium=android_app&utm_source=share) in action again. + +You think scammers don't know our memes? Hedgies know our memes... they're scammers. This coin world (won't say the banned word) is notorious for scams. Watch out for scammers. + +Here's an important comment on that last post by u/Lucent_Sable: + +>Are you sure that the participants in the transaction are Gamestop? + +>The from address in that transaction is  +0x133742073133c9aecdEC3a87e475C2945f23D6C0 + +>While the contract address is  +0x13374200c29C757FDCc72F15Da98fb94f286d71e + +>Additionally, the contract for the "GME" that this address sent is  0x5b7d043EcB3a694069CC01e763159ea1bdE0541d + +>which is not familiar at all. + +>To me it looks like someone spent some time and money to specifically craft an address where the first seven digits line up with what we find easily recognisable (1337420), but the similarities stop there. + +>#**I would treat this as suspicious until official confirmation from Gamestop comes out.** + +>edit: More suspicious, if you look at the contract from the offical Gamestop NFT hype site, you can see that the official token is "Game**s**top (GME)", while the token that was transferred was "Game**S**top (GME)". This further confirms that they are actually different things that have just been set up to look similar at first glance. + +So what should you do?!? + +1. Jack your tits responsibly. + +2. Wait for GameStop to announce the real NFT. + +3. Take a breath before you buy on hype. Why? **Make sure your spendies lead to tendies, unlike these apes.** + +Someone please get the mods on this post. +So I'll admit I got a little bit aggressive with some deductions, and didn't properly file my taxes a few years back. + +The IRS caught me. I was looking owing not a huge sum of money (very high 4 figures) but considering the economic impact of COVID19, and the fact that I have a baby on the way, on top of a business deal I was involved in going south in short I'm broke. + +Now that tax attorney idea, yea you see you need money for that and I didn't have that. So I decided screw it I'll just call up the IRS and be honest. And by honest I mean I told them what's going on. I told them my income has been slashed by COVID19, that I have a baby on the way, that I recently had things go south, and in short I don't have the money to pay them. + +I was given several options, I ultimate decided to do a payment plan. The IRS also waived my interest and I even got them to agree to not charge any interest. Also I won't be getting any tax return money until my debt is paid. + +But considering I basically got a 0% interest loan for a really long time to pay back the IRS...I'm fine with that. + +One agent even told me the IRS appreciates people who get in trouble talking to them. They recognize people screw up, fall on hard times, and will work with people. + +I even heard they sometimes completely forgive tax debt. Although you gotta provide documentation for everything and since I still have an income I didn't qualify for that. But they did say if my life situation changes (i.e I can't work at all, or I lose my job etc to just call them) + +I'm really happy I didn't employ a tax attorney, also over the amount I owed I don't think it would have been worth it. +[Link to video](https://www.youtube.com/watch?v=Wqjxyk4GMts) + +Highlights: + +1. Histiorically the 'currency empires' have been the Dutch guilder, sterling and the US dollar. +2. These currencies belonged to the largest trading countries and in the present times that country is China +3. China's large debt is mostly in Yuan and not something to worry about. +4. Single party government is an advantage over other countries because of stable policies and it functioning like a 'corporation'. +Good Morning! + +Today will mark our second day of overlapping FTDs. Yesterday GME pushed another 3.37% move to the upside despite massive intraday shorting and 55% dark pool volume. The reversal from our low at $87 the other day essentially confirmed. Yesterday we not only closed above the put/call breakpoint, but above delta neutral and max pain. As we close higher and higher everyday this adds to our momentum going forward. Inching our way up the current ramp bit by bit. + +Tomorrow is historically the day were we see the large ETF FTD blocks covered but remember they have till Friday morning so be wary of false signals and bull traps when looking to enter options positions or increase holdings. They can cover in advance, cover late, and internalize covering. They are not without their tricks. + +On November 2nd we had a roughly +5% day. + +**Gamma Girl Update** + +[\\"GME moving between the DN\/GM guardrails, where my model is less helpful. The best news here is the DN has leveled off, and will act like a better support at $97 because the options market has stabilized. Will hopefully start curving up to support this gain. I'll let you know if I see anything interesting going forward!\\" - Yelyah2](https://preview.redd.it/86zr597haff81.png?width=909&format=png&auto=webp&s=5b398c78552ade9127158017fccba79d63af429c) + +**Dix Pics** + +[DIX bumping up again yesterday with the large amount of DP volume](https://preview.redd.it/r6bhvyjxaff81.png?width=2495&format=png&auto=webp&s=6436bfcbe362eb4b276f332b6a5b34ac2813eb4c) + +GEX + +[As of 2.1.22 GEX was $5.86m \($amount per $1 move\)](https://preview.redd.it/r316locdbff81.png?width=2494&format=png&auto=webp&s=9239a51a99d2bcf7de38c5dc294d56e2e11f740f) + +Open Interest Gamma by strike + +[Represents the rate of change in Delta per $1 move multiplied by open interest as you can see a cross of $150 would put significant pressure on MMs. However Gamma falls off on farther OTM strikes it would increase as the price moves up.](https://preview.redd.it/5evpjyx6cff81.png?width=2522&format=png&auto=webp&s=a8d50aef4ed6b52783e685792864272035344294) + +So we look well set up moving into this with the downward gamma squeeze all but over the FTD pressure mounting and a solid ramp in place we are primed for a move to the upside. I still think they will do their best to delay it and will likely try to ensure that it doesn't pick up to much steam as a cross of $150 gets quite risky. + +**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 + +Big short into close but we were able to recover and still close above 100 as they failed to drop us below delta neutral. 2.3m shares borrowed and used today, even with the market doing well we were unable to maintain that high price point above Max Pain. There should be a fairly large number of FTDs due tomorrow so we will see how that plays out, See you tomorrow. + +\- Gherkinit + +https://preview.redd.it/88m1ijwfihf81.png?width=773&format=png&auto=webp&s=69cf0b42fd1c93aeeb4b6e60063030614f2e1b6e + +Edit 3 1:18 + +Volume climbing up broke back up through VWAP and Max Pain. Looking good. The last 2 hours have been spent shuffling FTDs and returning shares at a lower price point. Some deleveraging of put contracts indicates they are now done with that. + +https://preview.redd.it/r9vp88d0pgf81.png?width=1487&format=png&auto=webp&s=adad03bd0d5ab28a6f14f8a9ba54cd2bc7b98344 + +Edit 2 11:10 + +Big short push after 1.1m shares borrowed from IBKR Probably an effort to drive us below max pain + +https://preview.redd.it/4dyv89n32gf81.png?width=1496&format=png&auto=webp&s=591bb726b9984a648c6ca33327eda563b22a4e56 + +Edit 1 10:12 + +Fidelity STB down to 14k. Nice reversal on this mornings dip, still climbing back towards VWAP + +https://preview.redd.it/2tfu0e7vrff81.png?width=1489&format=png&auto=webp&s=c8fbb06c2a9d5b43dc7836198c3506d08939c1a3 + +# Pre-market Analysis + +Yet another day of pre-market gains, today on fairly insignificant volume however. + +Volume : 13.44k + +Max Pain: $106 + +https://preview.redd.it/abd70jvldff81.png?width=2171&format=png&auto=webp&s=f0d26d7b3017797238a462b7ecffac8388b03e16 + +Shares to Borrow: + +IBKR - 63 @ 2.2% + +Fidelity - 997,803 @ 1.0% (about 650,000 shares returned here since yesterday) + +[GME pre-market 1m](https://preview.redd.it/na0mf563eff81.png?width=1485&format=png&auto=webp&s=76d657cb594b94be82633e48eb986478d378057d) + +TTM Squeeze + +https://preview.redd.it/xp4todpaeff81.png?width=2456&format=png&auto=webp&s=f8733fd89d016c3c06650d2ac1023396eb904aaa + +MACD + +[Crossover looks pretty confirmed for now \(this is GME's lowest cross in the last year\)](https://preview.redd.it/sj7e5taeeff81.png?width=1493&format=png&auto=webp&s=6a47de3cf1e1c27cd40c6394f16c787563c94a93) + +CV\_VWAP + +[a little more stable this morning](https://preview.redd.it/fvrnt44xeff81.png?width=2455&format=png&auto=webp&s=00fefc17dbda2a7172a55c153067de671c6134a4) + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If 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.* +Update: Got the meter "re-read" about a week after the call. The price got knocked down to an appropriate amount ~$125. It seems that the person taking the reading fudged the numbers, and then their computer ran an estimate off that. + +We've been working from home since March of 2020, and the monthly bill has pretty much hovered around 100 bucks every month since except for the last two months. + +The usage says we used about 12,000kwh for the last two months (Edit: 11,000kwh one month then over 12,000kwh the second month, a togtal of over 23,000kwh in two months), we didn't catch last month because it's automatic payment, it didn't go through and got tacked on to this month's bill with a message of passed due (how we noticed) of a total of around $2,800. + +The meter reading 3 months ago read 846kwh, and right now it reads 840kwh when I checked it after I made a call to the power company. + +The power company said they will put a hold on our account and we should pay what we think is fair, and that we will get a tech to read your meter in 7 days. He said that the reading I have him sounds right for us getting charged almost 3k for two months.... It doesn't seem right to us. We unplug devices from the wall when not in use, have energy efficient lights, 3 loads of laundry a week. And have been very consistent with our usage for almost 2 years. + +What should we do to contest this if they say the charges are correct? Any other advice? + + + + +Edit: clarified the powtogusage, I meant to say 12,000 per month not for 2 months. + +Gonna start looking around for suspicious activity, and check my water heater. + +More details: house is 1,024 square feet, no shared walls, 2 neighbors, that are about 50 feet from the house on the sides, a park is behind the house, our electricity comes from poles that run along the divide between the houses and the park. +We have main a.c. that we don't use for a while, fans and windows are just fine during the day, at night we use a through the wall a.c. unit to get to 72°F to sleep. +I just wanted to wish you and your families a very merry Xmas. The last 2 years have been a wild ride to say the least and although there have been plenty of highs and lows along the way, as an investor in GME I feel humbled by the work that's gone into it's historic turnaround. + +It genuinely feels like we are a part of history in the making and I have complete confidence in the direction GameStop's leadership team are guiding the company. + +Keep doing what you're doing. As an investor I am in this for the long haul and will continue to directly register shares in my own name. + +You are both absolute legends in my book and I buy knowing that these price drops simply represent even more Deep Fucking Value. +And I’m back! One year older, 100k net worthier, and not any wiser. I’ve kept my previous post mainly intact but have made changes in ***bolded italics. All mentions of currency are in CAD.*** + +&#x200B; + +**About me** + +Hi! I’m a ***27F*** CPA living in Toronto, Canada\*\*\*. I wanted to post this to show the non IT people in this sub that there are other careers where it’s possible to increase net worth quickly despite not making 100k right out of school\*\*\*. I’ve always been a saver but I discovered MMM in December 2015 (when I was 24). The realization I could retire at 35 really lit a fire under my ass to save even more and actually invest it. I was working through my CPA at a big 4 accounting firm at the time and hated every second of it. To be honest, accounting is boring and a ‘meh’ career at best, but the money is good so I will most likely stay on this path until I feel FI enough, if not actual FIRE. + +I live in the ~~downtown core of the~~ most if not second most expensive city in Canada, sharing a ***small home*** ~~two bedroom condo apartment~~ ***with my SO that we recently purchased***. I have no expensive hobbies other than travel and lead a pretty ‘boring’ life. I’m slowly getting healthier and into exercising but those things are harder for me than saving money. + +The privilege – My parents paid for 3 out of my 4 years of university. That’s about 36k that I got for free which will never have to be repaid (I asked). That one year and for the 2 years I lived on campus I paid for myself through part time jobs before and during university. I also went back to live with my parents for one year rent free during my 6 years of working, which was a nice boost to my net worth during that time. + +Here are the numbers! + +&#x200B; + +**The goals** + +My spending goal in retirement for one person is $20,000-$30,000 per year (as part of a $40,000-$60,000 spend household). I expect my SO to pay their own way on this FIRE journey. The dream at the moment looks like one year on one year off long term slow travel, most likely for 5ish years of travel. On the off years, we could work, volunteer, whatever. These FIRE plans are not that defined because who knows what I’ll feel like in 5-10 years. + +All else being equal (is it ever?) I expect to achieve the following net worth milestones at the following ages: + +**Annual Spend (individual)** + +&#x200B; + +&#x200B; + +|**Annual Spend (individual)**|**$20,000.00**||**$25,000.00**||**$30,000.00**|| +|:-|:-|:-|:-|:-|:-|:-| +|FI @ 4%|$500,000.00|29|$625,000.00|30|$750,000.00|33| +|FI @ 3.5%|$571,428.57|30|$714,285.71|31|$857,142.86|34| +|FI @ 3.25%|$615,384.62|30|$769,230.77|32|$923,076.92|35| +|FI @ 3%|$666,666.67|31|$833,333.33|32|$1,000,000.00|35| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. + +My flair is based on the first goal - $500k for 20k of spending at 4%. Is that going to be the number I FIRE at? Probably not, given the expectation of a low growth environment in the near future and my young age at the expected time. But it’s a number that I would feel comfortable about enough to shift into something more chill. It’s possible and even likely that I’ll experience the golden handcuffs phenom and stay for a while past that though to feather the nest and add security. + +Future plan/goals – I have no interest in having children, which enables my fast FIRE journey and long term travel plans. I am also lukewarm towards real estate because of the very high property prices in Toronto as compared to rents, and my distaste at paying maintenance fees on condos .AKA if I buy; it has to be a freehold house, which makes homeownership an even more expensive proposition. While Canada is great, it’s also possible that I will be OK with living somewhere else with single payer health care long term (I hate winter), so that’s another reason buying is not high on the priority list. ***So we did buy a house… but it’s a freehold! With a basement tenant unit!*** + +&#x200B; + +**Income history and Net Worth** + +I started my career at a big 4 accounting firm making 45k, then 50k the next year, then 60k the next. These are standard salaries for this job in my city – Toronto. During this time I was renting a place downtown with a roommate or SO. + +After leaving the firm my first job out was at 75k, and I moved to live with my parents for that year. Getting rid of rent was amazing for my net worth. Then I moved to a more interesting job that I thought I would love for 80k and started paying rent again. Now I’m still paying rent, but making 95k somewhere else\*\*\*. Now I’m paying for half a mortgage.\*\*\* + +I do have access to a side hustle that I started participating in around 2016. It’s very CPA specific and involves helping incoming CPAs get feedback for their practice exams in preparation for the qualification exams we have to write in this profession. I think I made <$2000 the first year I did it, but it grew steadily and I made $***20,600*** last year from this. + +My net worth started at -$10,000 on the day I graduated university in the summer of 2013. That debt was owed to my parents for a lavish long trip I took that summer which I repaid in my first year of working. No regrets. After I started working and saving, it began steadily going up. My records are spotty in the beginning, since I was just saving to save. + +&#x200B; + +|**Jul/2014**|**$10,000.00**| +|:-|:-| +|Sep/2014|$16,108.48| +|Nov/2014|$21,146.27| +|Jan/2015|$26,275.45| +|Mar/2015|$30,587.78| +|Jun/2015|$41,766.89| +|Sep/2015|$48,129.09| +|Dec/2015|$54,127.60| +|Mar/2016|$66,790.00| +|Jun/2016|$82,387.42| +|Sep/2016|$93,851.37| + +I reached the 100k milestone sometime in November 2016 at 24 years old, 3 years and 2 months after my first day of work. + +|**Dec/2016**|**$108,566.61**| +|:-|:-| +|Mar/2017|$124,818.16| +|Jun/2017|$137,332.79| +|Sep/2017|$159,339.43| +|Dec/2017|$184,239.82| +|Mar/2018|$196,280.12| +|**Apr/2018**|**$204,157.49**| + +&#x200B; + +I reached the 200k milestone sometime in April 2018 at 26 years old, 1 year and 5 months after 100k (4 years, 7 months after my first day of work). It definitely gets faster (especially if you have year of not paying rent!). + +All else equal and barring a downturn, I hope to achieve the 300k milestone around winter 2019. Depending on the side hustle this year and with my increased income, here’s hoping for Dec 2018 instead of March 2019. ***Well that didn’t work out, but that was mainly because of saving up for the house during the low market in the 2018 winter and the closing costs.*** + +|Jun/2018|$211,046.07| +|:-|:-| +|Sep/2018|$228,258.78| +|Dec/2018|$235,142.81| +|Mar/2019|$278,189.27| +|**Apr/2019**|**$300,030.50**| + +&#x200B; + +***Why the big jumps toward the end there? Bonuses and side hustle money coming through (it comes in large chunks) and the tenant providing first and last helped as well.*** + +***The 300k milestone was reached at the very end of April 2019, one year after 200k (5 years, 7 months after my first day of work). It’s definitely getting easier and easier to amass more money as my income grows and the growth compounds due to the nest egg size.*** + +***I’m hoping 400k comes around the same time next year. Side hustle should be around the same this year but we’re planning a lavish vacation and some minor renovations.*** + +&#x200B; + +**Monthly expenses** + +***This was a major point of contention last time I posted. No one believes I spend so little money but it is what it is folks. I’ve provided more detail this time since 2018 just wrapped up.*** + +For a millennial living in a huge high COL city, I don’t spend a lot of money. This has enabled me to save a ton of money even on my previously medium salaries. + +&#x200B; + +&#x200B; + +||***Total Spending***|***Monthly Average***| +|:-|:-|:-| +|***Rent***|***$13,151.90***|***$1,095.99***| +|***Electricity***|***$328.47***|***$27.37***| +|***Internet***|***$307.53***|***$25.63***| +|***Phone***|***$0.00***|***$0.00***| +|***Transportation***|***$627.16***|***$52.26***| +|***Groceries***|***$1,433.35***|***$119.45***| +|***Eating out***|***$2,090.29***|***$174.19***| +|***Misc***|***$1,581.18***|***$131.76***| +||***$19,519.86***|***$1,626.66***| +|||| +|***Travel***|***$5,031.03***|| +|***Clothes***|***$1,107.15***|| +|***Annual Total***|***$25,658.04***|| + +***I walked to work more in 2018, we had much cheaper internet (we miss you Beanfield), and work continues to pay for my phone. Surprisingly a box of glass in the sky is cheaper to heat than a house, who knew.*** + +&#x200B; + +***2019 expenses to date (4 months)*** + +||***Total Spending***|***Monthly Average***| +|:-|:-|:-| +|***Rent*** /***Mortgage + Property taxes***|***$4,589.41***|***$1,147.35***| +|***Electricity + gas***|***$274.35***|***$68.59***| +|***Internet***|***$168.46***|***$42.11***| +|***Water***|***$69.70***|***$17.43***| +|***Insurance***|***$330.96***|***$82.74***| +|***Transportation***|***$447.93***|***$111.98***| +|***Groceries***|***$395.19***|***$98.80***| +|***Eating out***|***$578.21***|***$144.55***| +|***Misc***|***$688.05***|***$172.01***| +|***Tenant***|***-$2,550.00***|***-$637.50***| +||***$4,992.24***|***$1,248.06***| +|||| +|***One time house costs (closing costs, moving, etc)***|***$17,590.49***|| +|***Clothes***|***$70.03***|| +|***Annual Total***|***$22,652.76***|| + +&#x200B; + +&#x200B; + +&#x200B; + +***Please keep in mind that these expenses are for myself only. My SO and I split household expenses and spend our own money on items like clothes or video games. I don’t foresee our essentials spending increasing above what it currently is and the tenant is very helpful in reducing those costs to a level where it is cheaper to live in the house than our previous condo rental without taking into account future selling prices, etc. We did consult a rent vs buy calculator before purchasing and the house was still in the buy zone which is rare for Toronto. I foresee us staying here for around 5 years before flipping into a newer home and/or retiring to travel for a while depending on the circumstances.*** + +&#x200B; + +**Investments** + +My tax advantaged accounts are maxed out and self-managed through a DIY brokerage. My taxable contributions are split evenly between the same self-managed DIY brokerage and a robo advisor for shits and giggles. The robo advisor is winning at the moment, because I view my DIY brokerage holdings as a whole unit so my taxable account gets the brunt of the bonds (low rate environment). ***Now my net worth also includes my half of the home equity and some work provided RRSP (Canada's 401k) accounts.*** + +&#x200B; + +The DIY Portfolio is as follows: + +***Cash: 6.6% (preference is 0%),*** ***should be way lower but I just haven’t had the time to invest it due to work being busy.*** + +&#x200B; + +***Bonds: 11.3% (preference is 5%), ZAG mostly. I’m meh about this allocation and am slowly reducing it through buying other things. This probably won’t go down noticeably unless we hit a recession and I rebalance.*** + +&#x200B; + +***REITs: 3.4% (preference is 2.5%), VRE mostly. Also meh about this allocation. This will go the way of the bonds when I need to rebalance if the market makes moves. Since I own a home now this is not required.*** + +&#x200B; + +***Canadian dividend stocks: 5.8% (preference is 2%, my investing strategy used to be dividend based so this is a remaining position from then), CDZ.*** + +&#x200B; + +***Canadian Market: 2.4% (preference is 2.5%),VCN*** + +&#x200B; + +***US Market – hedged to CAD: 20.6% (preference is 25.5%),VUS/VSP*** + +&#x200B; + +***US Market – unhedged: 21% (preference is 25.5%), VUN/VTI(n USD)*** + +&#x200B; + +***International (both developed and developing) – unhedged: 28.7% (preference is 36.5%) XEF+XEC/VXUS(in USD)*** + +&#x200B; + +My robo advisor has split my investments as follows: + +Bonds: $20% + +Low carbon global stocks: 27% + +Canadian stocks: 23% + +Global stocks: 15% + +Cleantech stocks: 15% + +&#x200B; + +I’d love any advice on my allocations. I rebalance when I invest so it’s a bit slow. + +&#x200B; + +Is there anything else you want to know? + +&#x200B; + +If this post is well received and the community feels it’s useful, I’ll make another one when I get to $400k. + +&#x200B; + +Edit: to note that i include my home equity in net worth since it's not a forever home and will be sold prior to retirement. +This advice was posted here countless times and yet here we go again. If implied volatility is over 100-200%, there's very little money to be made with calls. Your dumbass wants to start a gamma squeeze? Well it won't fucking happen if you're paying so much per delta that the option seller will have cash left over even after hedging. + +You would be much more powerful if you bought shares instead of calls. The cheapest and most permanent way to increase the share price is to buy shares. Gamma squeezes are only possible when call premiums are too low to begin with. Also that hefty call premium you're paying goes to those betting against GME. Stop giving them your power (money) to use against you. + +It pisses me off to see normies and OG retards lose all their savings despite the best intentions. Yes this is a casino, but at least act like you're trying to win damnit. + +Edit: here's a great comment that explains this in more detail +https://www.reddit.com/r/wallstreetbets/comments/m9229p/stop_being_robbed_of_call_premium_for_the_mirage/grm4fi2?utm_medium=android_app&utm_source=share&context=3 +Hi All, + +I thought I would share a best case practice I've been working on with my husband for us to build the habit of going over our budget together every week. We have started the following ritual of going over our personal finances together on the first week of Jan and haven't missed a week yet - we look forward to this a lot. + +Keys to success: we decided on an annual budget in December over the holidays together, then broke it down into a weekly budget. We decided to set a weekly "date night" on friday nights, where we combined something we WANT to do (go on a date), with something we HAVE to do (review our finances). We also have a few other traditions/rituals that sweeten the deal. Here's how it looks in practice: + +1. On the way home from work on Fridays, I buy him a chocolate bar. We both follow a very healthy diet and have lost a ton of weight doing so, but chocolate bars are the one thing he used to eat all the time and now he doesn't eat. He doesn't buy them on his own, but he LOVES it when I buy one for him. So he enjoys his chocolate bar while we do our finances, which is a little bit of a spoon full of sugar situation and i think has helped make him look forward to it. +2. We sit down at our computers, pull up our weekly spreadsheet, and use the program WAVE (kind of like mint), to pull all our debit/credit card accounts from the last week. We then go through what we spent, categorizing everything into the categories of our pre-set budget. There's no judgement here, we just discuss what we spent and for which category. +3. We run a report in wave to tally all of our various spending categories. We then see if it matches up to our current budget, goes over, or comes in under. +4. If it comes in under, we IMMEDIATELY allocate the amount we came in under budget to our next savings goal (i.e. pay off debt, move to a 529, move to a vacation fund, etc.) THIS IS KEY, it is SO gratifiying to see your money working for you. I think OFTEN during the week before spending on something if it's going to blow my budget because I REALLY look forward to those fridy night payoffs/budget wins. +5. We try as hard as we possibly can to keep this whole ritual to just an hour. +6. IMMEDIATELY after doing so, we go to our favorite restaurant and have a nice romantic evening (we only do this once a week, usually). We love celebrating our "victories" and talking about our next goals together. + +I came up with this ritual after reading Atomic Habits by James Clear. It's a great book which essentially tricks your mind into solidifying your habits by doing things like habit stacking (we had a ritual of going out to dinner on fridays before this, so we built on that by adding the finance piece first), combing stuff you have to do with stuff you want to do (i.e. I'll only watch netflix on the treadmill or (here) I'll only eat a chocolate bar during budget night), and optimizing the cue-responses- reward mechanism (here: cue: it's friday night, response (better do the budget), reward (KEY: we pay off debt/save for the future/go to dinner). Hope this helps someone else. So far this year we have been SLAYING our current personal finance goals way ahead of the schedule we set in December, and I credit most of that to this new habit. +Hey guys, I wanted a little advice on my situation. + +I am unfit to work due to long term chronic illness, and my only source of money is benefits (HB, ESA and PIP). I hope that one day with the right treatment I will be able to return to work, but with the several year waiting lists on the NHS it is unlikely this will happen soon. While I am extremely grateful to receive benefits that allow me to keep a roof over my head and food on the table, Its extremely hard to make ends meet and it leaves nothing extra for other essential costs. + +A family member who is very well off has got in touch and said they want to give me give me £500 a month, every month, while my situation remains like that. This would mean I could afford to access private treatment and get back on my feet much quicker, it would also help with cost like car maintenance (which I require to get around) and other essentials. + +This would mean the world to me, but I am unsure if I’m able to accept this offer as I’m worried it would be grounds for my benefits to be cut or removed, putting me in a worse situation than I was before the offer of help. + +I’ve tried speaking to the benefit office but I’m struggling to get through to anyone, being left on hold for hours and often getting cut off. I am also worried that even discussing this with them about this would jeopardise my benefits - I’ve not had an easy time with them and I’ve nearly been made homeless twice due to mistakes at their end, so I thought id see if I can get any advice or information from here. + +Thanks for your help + +Edit: I am based in England +Edit: [SSR is ON.](https://ftp.nyse.com/NYSEGroupSSRCircuitBreakers/NYSEGroupSSRCircuitBreakers_2022/NYSEGroupSSRCircuitBreakers_202203/) + +&#x200B; + +We closed yesterday at $141.00 and I saw an order this morning for $126.78. That’s a 10.1% decrease from close. + +&#x200B; + +https://preview.redd.it/53e1k1cfzcp81.png?width=2330&format=png&auto=webp&s=2b0046418be9da0552b895fe96fe9a787e87047c + +&#x200B; + +SEC Rule 201 (the alternative uptick rule) says if a stock declines at least 10% from its previous close, short selling must be restricted. Not just today but for all of tomorrow as well. + +&#x200B; + +https://preview.redd.it/27ciud7gzcp81.png?width=1716&format=png&auto=webp&s=e4157cfdc899cdf0f50e834e54bcdddba7008ca2 + +&#x200B; + +I don’t see anything that says the breaker got flipped. The market is complicit. +Joy. You may be more susceptible to fraud so be extra vigilant for a while. [link here](https://www.finextra.com/newsarticle/40976/revolut-breach-exposes-data-of-over-50000-customers) +I work in the entertainment industry, specifically stage lighting. This industry has now ceased to exist for the foreseeable future and my workplace cut 4 staff from our 30 person team today. I'm still there but we are all getting our hours reduced from 40 a week to less than 20. I suspect we will close completely before long as none of our customers can afford to pay us. +My wife is a dental nurse and today she was told her practice will be closing. We bought a house in September last year and while we have enough savings to last several months in our emergency account this was the worst possible time for this to happen to us. + +What options do I have? Would the bank consider deferring my mortgage payments, are we expecting any government assistance, etc. + +Edit: Thanks so much for your advice. I'll get in touch with my bank about suspending mortgage repayments if the time comes. +I should have mentioned I am a service technician doing electromechanical repairs on equiptment. Someone elsewhere suggested I look and see if hospitals are hiring for medical equiptment repairs. I've sent my resume into a few hospitals now. +Just mucking around with my tax return and the ATO's calculator to see how much i'm owed/ need to pay to the ATO. + +&#x200B; + +Weirdly enough, when i click 'estimate return', it says I owe the ATO a large chunk of money and one of the line items in the payables is 'Compulsory Higher Education Loan Repayment' AKA HECS which is fine. Only thing is, my employer has been deducting payments for the entire year from my salary to cover this and my payslips verify this. + +&#x200B; + +Any ideas why the ATO hasn't factored this into my return and says it's outstanding? Is it because i need to wait for the ATO to actually deduct the funds it has in holding from the principle amount? + +&#x200B; + +P.S This community rocks, it's so good to have a group of financially literally people readily and willingly divulging valuable info. +Hey guys, + + +* [Most Recent Model v11](https://i.imgur.com/9H28DFj.png) + +* [Bonus Sensitivity: Optimal Rent/House Price Balance](https://i.imgur.com/uzb1I9R.png) + +* [Bonus 70 Year outlook: Total Costs & Equity](https://i.imgur.com/SbafFH5.png) + +**Community Inputs Here** + +* [Property Growth survey](https://www.strawpoll.me/18613984) + +* [Equities Growth survey](https://www.strawpoll.me/18613987) + +* [CPI Growth survey](https://www.strawpoll.me/18613990) + +**Assumptions** + +* I've assumed 3.5% (Property) and 6% (Equities) growth rates and 2% inflation. (these growth rates are taken in perpetuity) + +* Equities are borrowed at a reduced rate after tax deduction @ 32% bracket, 3.5% yield on ETFs is assumed with 80% franking rate. + +* House Prices @ $1m, buying with a 20% deposit, 4% borrowing rate. + +* Rent is $700 pw and we'll be leveraging the equivalent 20% deposit to buy shares. + + +------------------------------------------------------------------------------------ + +Saw a lot of interest in the [analysis of life long renting](https://www.reddit.com/r/AusFinance/comments/d185ah/the_underlying_maths_does_not_support_lifelong/) post. + +Lots of requests to modify the data and to adjust different aspects/variables. + +I've made a model that I can update quite quickly. + +[Version 1 is here.](https://i.imgur.com/S3Edsbq.png) +Notes: + +* PI Repayments over 30 years with constant rates. + +* Any savings from renting is invested into equities. + +* Model goes indefinitely, but 70 years is used to align with the other post. + + +[Version 2 is here.](https://i.imgur.com/k6Gzryf.png) +Notes: + +* Equity Builder max term is 10 years 70% LVR. - 70% lvr off a 250k deposit is 833k with 72k annual repayments. + +* I've adjusted this to 43% LVR to have year 1 outgoings match the ownership model. + +* Any savings from renting is now put into the repayment for the loan. After the term, any free cash flow is allocated directly to investing (as opposed to repaying a loan) + + +[Version 3 is here.](https://i.imgur.com/0nweo34.png) +Notes: + +* Added Rates/Water/Strata/Insurance. (assumed $3000 @ yr 1 indexed to inflation) + +[Version 4 is here.](https://i.imgur.com/yvlNQKj.png) +Notes: + +* Added a final results column. + +* I think year 30 is really what we're looking at. + + +[Version 5 is here.](https://i.imgur.com/IODrf9m.png) +Notes: + +* Changed rent to $900pw to reflect cost of a $1.2m property. (someone mentioned it below) + +[Version 6 is here.](https://i.imgur.com/2M0gX4q.png) +Notes: + +* Changed house price growth to 6.75% per [CoreLogic 25 year data.](https://www.aussie.com.au/home-loans/property-reports/25years.html) + +* Changed equities growth to 10% + +* Result: its about equal with a $500k bias toward ownership after 30 years. + +[Version 7 is here.](https://i.imgur.com/EJiySJE.png) or [here](https://i.imgur.com/ofMMfTD.png) for milestone years included. +Notes: + +* Someone mentioned why don't we reinvest if cost variance goes in favor of mortgage. Thats been added now, so for the first 11 years, regular deposits are made to the home owner's share holdings. This is compounded over time. Numbers @ 70 years are stupid. Just look at 30 Y. + +[Version 8 is here.](https://i.imgur.com/JSChQeu.png) with milestone years included. +Notes: + +* Unlevered Rentvesting is now included. As expected, it performs worse than Levered Rentvesting. + +[Version 9 is here.](https://i.imgur.com/z2u5CPH.png) with milestone years included. +Notes: + +* Graph to compare position @ 30 years. + +* Rental Insurance added, $600 from year 1, indexed to CPI. + +* Property now grow @ 4% pa + +* Shares now grow @ 7% pa. + +[Version 10 is here.](https://i.imgur.com/ZPn6kw5.png) with milestone years included. +Notes: + +* Graphs removed, not much value. + +* Added sensitivity analysis @ 30 years. + + +Happy to adjust throughout the day. +Hello, + +We live in a VHCOL area but hit 7mil recently and has a good stream of income (average about 800k across both.) We are in our early 30s, with one child almost 2 years old. + +Childcare honestly has been really challenging for us with no family help nearby. We have a good nanny (paying her about $5k a month) during the week, but honestly it still feels like we get no breather unless we take days off work. Weekends feel more like work than rest, and weekdays start at 6am and ends at 9:30-10pm after washing all the dishes. This even with us both wfh without commute. Due to covid, we don’t plan to use daycare until later of the year. + +I feel like since we had a child we’ve significantly outsourced a lot of stuff, like having a nanny or getting most grocery delivered. But honestly, it’s just kind of depressing that even with $7m we still feel so burnt out. We still need to wash dishes until 9:30pm. We still need to drag our feet to take the trash out and check the mail and we kind of just want 1 hour of break! + +So FatFIRE folks who are also parents, what else can we streamline? + +Here are some ideas I had +- hire a live-in nanny rather than commute one so we have more help with household tasks +- upgrade our house to make it more friendly (whatever that means. Ex. Have a larger child proof area for independent play, open concept kitchen, etc) +- one of us quite job or take a good 3-4 months off. +- hire nanny for weekend +- ask for WFH forever +- somehow move out of area to somewhere with family (unlikely) +- what else?? What else can we streamline to reduce our workload whether it costs money or not? +- any easier meal prep options? + +Edit: wow, thank you for all the replies. I’m so glad I asked this question here. Being a clueless first-time parents, sometimes I just wonder what are we doing wrong? Why is it so hard? You’ve all just given me more perspectives and also it’s just so VALIDATING to hear other stories and see that I’m not alone. It’s also kind of comforting to hear the same struggles from others who have more NW. I guess parenting really is an universal challenge (with its rewards). +I am only posting this out of good will to the community, and because i have been in your shoes. + +About a year ago, I decided that enough was enough, and uys time to enter the crypto world. I put in a large chunk of cash (relative to my income), and immediately cut it in half thanks to market volatility like we are experiencing today. I made a few sideways trades that in the long run have netted me absolutely nothing, if not a small loss. I did those trades because it seemed like every coin was popping off except the ones I held. I'd buy, they'd dip, rinse and repeat. Within the first month, between bad trades and market dips, my investment went to annot 20% of my input. I hadn't told anyone yet that I was in, not even my wife. Needless to say, I thought the sky was falling. I decided from then on, I don't care anymore where it goes, that i would leave it where it stands in the coins that I most thought had real use. No more moon chasing, no more feeling bad. A year later I have experienced my 20% go to 300%, down to 80% in January, up to 200% again by the beginning of this month, and now I'm sitting at roughly 110% of what i put in. Sure, after December happened I figured it was time and this is it, but then January happened and reminded me that I still need my day job. + +Moral of the story is, if i had just left it where i invested day 1, I'd still be 2 to 3 hundred percent up right this moment, but even losing 80% oin bad trades I'm still positive just by letting it sit. If you are down right now, just let it sit. Maybe this time next year you will be in a position like i am where i can weather these dips. Maybe it will take a bit longer, maybe it will be next week. + +But the bottom line is crypto was still my best investment last year percentage wise and couldn't be achieved by any other means, despite the bloodshed we are perceiving. Just wait. That's all, just wait. + + +What are actual fundamental solid projects you are buying? +I prefer L1 chains with a good offer of NFT's, Farming pools and some L2 tokens... + +The last one I bought in this dip was $NEAR +It was down more then 50% from it's former ATH two weeks ago. I'm expecting another 10-18% from here where I will load up more +My parents want me (37m) to be the Trustee for my older sibling (40m). He is STEM PHD and works in research in a college town. Lives the responsible party lifestyle with his wife. Does well at work but when he is home he is home. Academia has its perks. Parents are looking to leave both of us substantial trusts ($10m each) by year end. They want me to have power of attorney over his trust. + +Brother has a history of not responding to calls from financial advisor. He is not great with people. Very smart but not so much common sense. + +Any tips for this role not hurting our relationship? We have a great relationship but live in different places and have different lives. He is pretty cheap and not the type to spend money on stupid things. If I told him he could only draw 2-3% he wouldn’t care. He has expressed interest in owning some student housing nearby. He might invest in a home or two. + + +Update - thanks to all of you. Great feedback and I am confident my family relationships will remain healthy. Couple of clarifying comments after a family zoom session. + +1. My brother is in charge. He is searching for his own financial advisor. I am only power of attorney now. Independent executor. I can replace executor if need be and make allocation decisions within guidelines of trust. I only have authority to make decisions if he is not responsive to his advisor in a reasonable time period or incapacitated. I have 3-4 hour time commitment a year. Gave my parents my word I would check the returns and fees quarterly to make sure fees are fair. + +2. Trust has a lot of guardrails. 2-3% annual withdrawals based on market hurdle rates. Provisions for medical, primary house, or other emergency. + +3. Brother loves what he does and has no plans to stop working. He has a great life. We talked today. He is excited. My sister in law is excited. She is the aspiring real estate mogul. He wants some upgraded travel. They have a budget figured out already based at $150k/ year after tax and don’t think they can spend it all. +Guten Tag to all of you Great Apes around the world! 👋🦍 + +You've probably realized by now that ultra-low-volume days are among my favorite things to get excited over. I don't know why, but I just get the sense that such days represent a standoff between the Apes HODLing with Diamantenhände against the Short Hedge Funds who really, *really*, need us to paperhand but can't afford to continue shorting. Well, yesterday's volume was the lowest in over a year, and if that doesn't get you thumping your chest then maybe then maybe spend some quality time [learning about DTC-2021-010 that was recently filed](https://www.reddit.com/r/Superstonk/comments/opuziu/visual_of_the_sft_trades_to_prevent_shorts_andor/), and how it highlights the way that the SHFs are able to hide their enormous naked short positions. The days with sudden large spikes in FTDs are merely days when they weren't quite able to reset the T+2 clock on their full naked short position, and ended up reporting a small fraction of the total shares. This is a cycle that the SHFs need to repeat *daily*, and is the only reason that GME isn't on the threshold securities list. This represents a huge piece of the puzzle as to how the Short Hedge Funds are stalling the MOASS. And that, my friends, is cause for for much excitement. + +Today marks the end of another trading week, Friday, July 23nd and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$181.31 / 153,97 €** *(volume: 563)* +- ⬜ 115 minutes in: $181.31 / 153,97 € *(volume: 559)* +- ⬜ 110 minutes in: $181.31 / 153,97 € *(volume: 559)* +- ⬜ 105 minutes in: $181.31 / 153,97 € *(volume: 559)* +- ⬜ 100 minutes in: $181.31 / 153,97 € *(volume: 557)* +- ⬜ 95 minutes in: $181.31 / 153,97 € *(volume: 557)* +- ⬜ 90 minutes in: $181.31 / 153,97 € *(volume: 557)* +- 🟥 85 minutes in: $181.31 / 153,97 € *(volume: 557)* +- ⬜ 80 minutes in: $181.42 / 154,07 € *(volume: 556)* +- 🟥 75 minutes in: $181.42 / 154,07 € *(volume: 555)* +- ⬜ 70 minutes in: $181.48 / 154,12 € *(volume: 555)* +- 🟥 65 minutes in: $181.48 / 154,12 € *(volume: 555)* +- ⬜ 60 minutes in: $181.54 / 154,18 € *(volume: 535)* +- 🟥 55 minutes in: $181.54 / 154,18 € *(volume: 533)* +- 🟥 50 minutes in: $181.57 / 154,20 € *(volume: 533)* +- ⬜ 45 minutes in: $181.60 / 154,22 € *(volume: 533)* +- ⬜ 40 minutes in: $181.60 / 154,22 € *(volume: 533)* +- 🟩 35 minutes in: $181.60 / 154,22 € *(volume: 464)* +- ⬜ 30 minutes in: $181.57 / 154,20 € *(volume: 464)* +- ⬜ 25 minutes in: $181.57 / 154,20 € *(volume: 415)* +- ⬜ 20 minutes in: $181.57 / 154,20 € *(volume: 415)* +- 🟥 15 minutes in: $181.57 / 154,20 € *(volume: 354)* +- ⬜ 10 minutes in: $181.63 / 154,25 € *(volume: 332)* +- 🟩 5 minutes in: $181.63 / 154,25 € *(volume: 322)* +- 🟩 0 minutes in: $181.10 / 153,80 € *(volume: 60)* +- 🟥 US close price: $178.85 / 151,89 € *($178.90 / 151,93 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1775. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler, following their sudden disappearance after Memorial Day. I also am worried, as I had tried to make contact many times and never received a direct response. Three weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the curator of the series. I've been serving as host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I'm a 25m nurse, and I have recently graduated. +Here in Denmark I take home about 3000 € a month, which is about the average salary. It's good if you are single, but not so good if you have wife and kids. + +At the moment, I have a net worth of 30.000 € and I invest about 2000 € a month. + +I am looking for ways to boost my career and maximize my salary. + +Does anybody know if there is a country where nurses make more? Or perhaps some suggestions /lifehacks to improve my situation. + +Any advice is welcomed +Hey all, + +I’ve been a silent observer on this thread for a while. So first of all, a big thank you to all of you who’ve provided so much interesting and helpful content here. + +I’ve got two questions: + +**1. Where should I buy ETFs, especially as somebody that might move to other countries in the future?** + +**2. What’s actually up with DEGIRO and is it time to move my ETFs from there?** + +Let me elaborate on both a little bit: + +1. I am an EU national that has bank accounts in the Netherlands and in Germany. Currently, I work and pay taxes in the Netherlands. However, it’s not unlikely that I’m moving to other countries in the coming years, those could be within the EU but also outside. I don’t plan to do a lot of active investments but I want to put some money aside in VWCE or similar ETFs, and leave it there for a long time. When I have it in a Dutch account, say DEGIRO, can I just leave it there even if I don’t live in the Netherlands anymore? Or are there any alternatives for someone moving countries frequently? I’d rather not have to move all ETF money every time I move (which may be a lot in the coming years). +2. Thanks to advice from this sub and some books, I started with some ETFs earlier this year on DEGIRO. That was more to understand how everything works rather than actual investment. Now that I want to start properly putting some money aside, I’m seeing a lot of negative news about DEGIRO. However, as I mentioned, I want to put my money away for the long term, so I’d rather pick a bank / platform where I can be certain it will still exist in 5-10 or even more years. I chose DEGIRO because of their portfolio of free ETFs but I don’t mind paying some transaction fees if I can be guaranteed security of that money. Any better alternatives in NL, DE, or elsewhere in Europe? Or is there actually no risk with DEGIRO? Opinions about this seem to differ. + +For context, I’m planning to put away some money every month following the ‘invest and chill’ approach, in some all-world indexes with rather low risk and I don’t intend to use this money for a while - maybe even until retirement. + +Apologies in case some of this is repetitive or rookie knowledge, I’ve been trying to find this information but couldn’t and I’m also quite a beginner when it comes to investing. + +Thanks a lot for your help! +SuperstonkBot is a part-bot, part-web interface where people can anonymously submit posts to r/Superstonk, and it is now fully tested and functional. + +https://preview.redd.it/8yc92c7scxt61.jpg?width=900&format=pjpg&auto=webp&s=bd897c2d817da7b0963fa30309e73d90b552f268 + +# About SuperstonkBot + +After users submit posts via [www.superstonk.net](https://www.superstonk.net), it will be loaded into a review interface usable by approved Reddit accounts, which currently includes most mods of r/Superstonk. 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Also, it does not log IP addresses or any information other than the submitted text. + +Here are the reasons for a moderator review team: + +* to primarily prevent spam, harassment, doxing, improper content (i.e. porn), and likewise +* to make sure the rules are being followed; though minor exceptions may be made +* to generally fact check posts and test links for authenticity +* to decline posts that are of little substance in favor of posts with high substance, such as Due Diligence and data leaks + +If you submit to SuperstonkBot and did not see it approve within a day or two, please try again after making some edits considering these guidelines. It is impossible to recover your submission if declined. 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This is a tool designed for anonymous submissions and will be utilized in that fashion, and never to censor or manipulate the content submitted, and only to prevent rule-violating or illegal content from being posted. + +Please send questions and feedback to u/richie_de_87 or contact the moderator team by Modmail. + +If you want to reference updated information, [please visit and bookmark the SuperstonkBot wiki](https://www.reddit.com/r/Superstonk/wiki/index/superstonkbot). + +https://preview.redd.it/w2uvjbcsext61.jpg?width=1024&format=pjpg&auto=webp&s=9ecc8b7ab355233d1604fd8f1d8f3e6899b33611 + +# A word from the creator + +>The day my fellow apes received death threats was the day I wanted to create something meaningful so that this would never happen again. +> +>I had some ideas in my head, but one thing did not let me go: +> +>What if someone, maybe someone very important, had critical information, but couldn't post it on Reddit due to professional limitations? +> +>What if someone wasn't confident enough to post DD? +> +>Or if someone had a Reddit account, but couldn't post on r/Superstonk due to the automod age/karma limits? +> +>It is for these reasons that I have developed SuperstonkBot: a simple but powerful tool. +> +>\- u/richie_de_87 + +The r/Superstonk mod team is super excited about this bot and very interested in the types of things we may see from it. We are truly grateful to richie for creating such an important part of this subreddit. We also invite users to use the bot sparingly, as posting via Reddit account is still perfectly fine, so that this can be reserved for those who can't or are afraid to post with a Reddit account. + +Thank you all for making this subreddit truly a unique aspect of Reddit. We are incredibly excited to see what's next! +Ive never had anyone in my life give me any financial advice. I want to save money especially for the future. I live in canada as well just fyi. + +All i have is my regular checking account and i also have a TFSA. I only make $50k a year and thats before tax. + +A couple years ago i asked my bank about starting RRSP and they told me not to because i didnt make enough. I have 0 understanding of how different accounts work. All i know is my TFSA is “low risk.” + +Honestly any help/suggestions would be appreciated. Its scary to me that i know so little about this all. +In two weeks I will be leaving my job with 40k vested in my 401k. I will be going into education (pension retirement plan vs 401k) so I can't move it into a new 401k. + +What should I do with my 401k from my current job? I've always been someone who prefers to play it safe, but as I've done some high level internet research I worry about taking too back seat of a choice on something so important. + +My local credit union, which we bank at, has the ability to open up an IRA account. I'm not knowledgeable enough to know if this is a good option, or if I'm just more comfortable with it since it's the CU I've used for a few years. + +For context, 30 y/o, so I will be working for another 35-40 years of my life (hopefully), so should get full pension benefits as an educator, and will receive 1,500+ a month after age 55 untaxed (tribal elder benefits). We own our home and with the way the markets are here and how much we love the place, we plan to never move. If it goes as planned will be mortgage free before retirement. My partner also has a 401k. + +Thanks for any advice! +[https://markets.businessinsider.com/news/stocks/hertz-stock-price-skyrockets-since-filing-bankruptcy-traders-global-holdings-2020-6-1029285231](https://markets.businessinsider.com/news/stocks/hertz-stock-price-skyrockets-since-filing-bankruptcy-traders-global-holdings-2020-6-1029285231) + +Headline bullet points: + +* Since filing for bankruptcy in late May, Hertz has surged 825%. +* That's not what investors normally expect for a company that declared it can't meet its debt obligations. +* Hertz has surged higher following a steady drip of positive economic data that points to a recovery from the damage caused by the coronavirus. +* While retail investors on **Robinhood** loaded up on the stock, billionaire investor Carl Icahn liquidated his entire stake at 70 cents a share, for a loss of more than $1.8 billion. + +&#x200B; + +Good job guys. Hertz is now a viable company again. Carl Icahn is a clown who bought high, sold low. +I currently have a small portfolio of multifamily house and I'm getting tired of all of the issues. Anyone ever pivot away from residential to triple net commercial leases? + +I am thinking medical like surgical or dental. +Hello i have some thing i want to ask the pro investors here + +$SDIV question for those who understand + +Dose it take some fee this etf? + +And i want to know what u think + +Should i take loan for 30k with 5% interst +And buy this this 10% yield + +What should i take in consideration when u do something like that + +And i know its not good to put all in one place but lets say i invest in few company with 10% yield + +What you guys thinking + +Ty you from advance👍 +Hey im looking for stocks that introduced at least 1-2% annual dividend in the past 1-5 years and also kept increasing it along with growing revenue/profit. low or mid cap companies preferably with a relatively known branding. + +Also nasdaq/nyse stock is preferred +Lately I’ve been trimming some stocks that are carrying large gains. I use the money to add to beat down stocks or hold as cash. For example, I had 27+ shares of PG, I sold 5. I also trimmed UPS, HD, SCHD and a few others. I added to INTC, IP, CSCO... and any extra goes to a short term bond fund or money market. 20% of my portfolio is now in money markets and short term bonds funds/ETFs....waiting for good opportunities. + +Anybody else spooked by many of the current valuations? And if so, are you adjusting your portfolio? +I go to college in Nevada and have been selected to meet with Warren Buffett in Omaha and will have the opportunity to ask him some questions. What do you think I should ask him? + + + + +Edit: Thanks for all the cool questions. I will update you guys on how it goes down. +VGRO and go - or would you add another ETF into the mix? +I've been doing a lot of research lately on CCP/Bogleheads and the simplicity is what I am after. + +XEQT looks good, but I'm thinking I will go VGRO instead. +I've seen some utilize: VCN, XAW and ZAG. + +VT/BNDW looks great, but since being Canadian, I think using Gambit and the tax fees aren't worth it. + +Anyone here using a CCP portfolio? If so, do you have any tips? I have 30+ years to invest and grow the portfolio. +I was going after 90% equities, 10% bonds or 80% equities, 20% bonds, as the VGRO ETF is the latter. + +Thanks! + +Edit: Realized I wrote "89% equities, 20% bonds" instead of 80/20 +[https://imgur.com/gallery/02RCkrj](https://imgur.com/gallery/02RCkrj) + +Congrats to Mr. CTN + +Edit: Link: [https://www.bloomberg.com/news/articles/2019-11-05/robinhood-has-a-glitch-that-gives-traders-infinite-leverage](https://www.bloomberg.com/news/articles/2019-11-05/robinhood-has-a-glitch-that-gives-traders-infinite-leverage) +I lost a considerable sum with the fraudulent trading platform "Swanntech". Promised money was never paid out and after doing further research and speaking to investigators and law firms I am more than convinced they are a scam. If you are also a victim or want to know details then please contact me: [joewalk987@gmail.com](mailto:joewalk987@gmail.com) + +Current Swanntech website address (has changed before): [https://www.swann-tech.co.uk/](https://www.swann-tech.co.uk/) + +Registered company on companies house: PSYOP LTD + +Current active director (likely fake name): HOLLISTER, Brian Arthur + +This is sadly the second online scam that I have fallen for. Although at least I have now learnt about what are the options for trying to catch fraudsters or recover funds. For any victims out there, I would advise that you immediately do the following: + +\- Inform your bank there is a fraud and ask them to contact the destination bank (can also report to them directly) + +\- Report it to Action Fraud UK ( [https://www.actionfraud.police.uk/](https://www.actionfraud.police.uk/) ) + +Assuming the bank route is too late, the best chance of getting a positive result is to find victims and take action as a group. Please spread the word, upvote and contact me. I will also be adding posts to scamadviser and similar sites. +I take a lot of MarketWatch articles with a pinch of salt but this one touches upon a fear that many have at the moment..... + + [https://www.marketwatch.com/story/eeek-why-i-dont-trust-sp-500-index-funds-especially-not-now-2020-08-10?mod=home-page](https://www.marketwatch.com/story/eeek-why-i-dont-trust-sp-500-index-funds-especially-not-now-2020-08-10?mod=home-page) + +In essence, the author makes the valid point that an S&P 500 index fund isn't that diverse, considering five companies make up almost a quarter of its market share. Industry diversification is also lacking, with little representation in the likes of energy, real estate and utilities. Tech, of course, leads the way. + +I personally feel that these FAANG(M) stocks have swollen to such levels that the risks currently outweigh the potential rewards. Furthermore, there are some very attractive stocks out there still trading at good values, but you cannot get fair exposure with an S&P index fund. + +For safe investing an index fund will always be the way forward. I must admit that I like stock picking on T212 at the moment though, and feel there's more justification for it than at any other time. +Just noticed that most of the midcap UK listed oil and gas firms are lagging the move in the oil price. In particular, Harbour Energy (a recent new position) which appears flat / slightly down YTD vs Brent Crude which is up 30%+ YTD. +YTD share price performance of UK listed mid cap oils: + +* Harbour Energy +0.82% +* Tullow Oil +10.0% +* EnQuest +12.0% +* Gulf Keystone +2.18% + +Harbour Energy (Ticker: HBR) acquired/merged with the former Premier Oil, a retail "favourite" in the oil space. Looking at the investor presentation it seems to tick a lot of boxes: + +* Low debt leverage of 1.0x +* Generated free cash flow of $500-600m in FY 2021 +* Low unit operating cost of $15-16/boe +* Supportive oil and gas environment (HBR produces UK North Sea oil and gas) +* New $200 million annual dividend + +Interested in hearing if anyone else owns the name/has views/experience of Harbour. +I am long in nearly everything (big short on RMG) and i may take profit. Productivity looks bad, second wave is possible in the USA and perhaps things are moving too fast, I am going to have a really good think over the next week on what to do. +Andrew Craig’s How to Own the World recommends having gold as a small part of a portfolio in order to beat inflation and act as insurance against a major market shock, such as war (I suspect he would now update this to include pandemics). Ben Felix, the Common Sense Investing guy on YouTube, on the other hand, discourages having gold in a portfolio. He says that its lack of returns and price volatility make it a poor investment (https://m.youtube.com/watch?v=ulgqlQWlPbo). In addition to all of this, some major countries seem to have ditched gold. For instance, about 20 years ago the UK sold approximately half of its gold reserves (albeit at a stupid time since the price was at a 20 year low). Even the IMF has sold some of its gold reserves. + +I’m keen to hear what you all think. +I'm hoping that this won't get taken down under rule 4 of the sub, since it's not ultra short term (been holding since 1st UK lockdown), nor #YOLO (I'm living by 'only invest it if you can afford to lose it') + +Just wondering what you guys think of CINE stock? And thought / advice on when / if I should hold / sell / buy more? + +The guys over on r/CanaryWharfBets are getting quite excited, in the current climate, but there are only 1k members... + +Anyway, head over there for the memes, rocket and popcorn emoji and 'to the moon' comments that would surely be frowned upon here +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I take a lot of MarketWatch articles with a pinch of salt but this one touches upon a fear that many have at the moment..... + + [https://www.marketwatch.com/story/eeek-why-i-dont-trust-sp-500-index-funds-especially-not-now-2020-08-10?mod=home-page](https://www.marketwatch.com/story/eeek-why-i-dont-trust-sp-500-index-funds-especially-not-now-2020-08-10?mod=home-page) + +In essence, the author makes the valid point that an S&P 500 index fund isn't that diverse, considering five companies make up almost a quarter of its market share. Industry diversification is also lacking, with little representation in the likes of energy, real estate and utilities. Tech, of course, leads the way. + +I personally feel that these FAANG(M) stocks have swollen to such levels that the risks currently outweigh the potential rewards. Furthermore, there are some very attractive stocks out there still trading at good values, but you cannot get fair exposure with an S&P index fund. + +For safe investing an index fund will always be the way forward. I must admit that I like stock picking on T212 at the moment though, and feel there's more justification for it than at any other time. +Anything inherently bad by going all-in on ETH? My reasons for going all in on ETH. + +1. Becoming (is) deflationary +2. ETH 2.0/consensus +3. TVL/use case/network effect +4. Been consolidating between 2-4k basically for a year or so...it's primed for a massive move imo. +5. Best adjusted risk/return imo +6. SOL has been a disaster as of late, LUNA has its Wonderland problems & SEC concerns regarding UST, AVAX has too much inflation, etc. + +I just want a solid return without too much risk. Echo chamber ya I know...but what do you guys think? +Thanks +Edit - so what happens if my finance gets approved in a week but then Westpac delays settlement (apparently they are notorious with getting their shit in a row) - do I lose my deposit or is there a penalty? +G’day! + +Over the last six months I have seen a few posts with conflicting information on PHI. + +I work for a not-for-profit fund (mods, happy to provide proof of employment if needed) and would love to help clarify anything or answer any questions any of you may have regarding cover, premiums, MLS, LHC, excesses, rebate, co-payments, how funds work etc. + +I wanted to start out by explaining how private hospital cover works on a simplified level. + +The largest benefits of holding private hospital cover is the ability to opt out of any public system wait list and to choose your own specialist or surgeon. + +For example, the current wait time for a joint replacement in the public system is pushing up to 4 years at the moment. + +With hospital cover, coverage comes in two components. You’ve got the hospital fees; and then the specialist’s fees. + +For the hospital fees - if you’ve got an excess on your policy (most common for adults, most funds don’t have excesses for dependants) you will pay your excess amount directly to the agreement hospital for the first admission in a calendar or financial year or membership year, and the remainder of your hospital, accommodation, and theatre fees will be billed straight to your health insurer. + +For the specialist’s fees - PHI and Medicare cover up to the Medicare Benefits Scheduled fee (MBS) for any procedure with a Medicare item number within Australia. +This 5 digit item number has to match with your policy and a clinical category that is covered. E.g. 42702 is the most common item number for a cataract procedure (lens extraction and insertion of an intraocular lens - one eye). +Therefore, you will need to have ‘Cararacts’ covered on your policy for the fund to provide benefits for this procedure. + +If any specialist/surgeon/assistant surgeon/anaesthetist charges private fees that are over and above the MBS fee, this will mean that there will be an ‘out-of-pocket’ cost or a gap charge for their services. + +Not all specialists charge a gap fee, and you can enquire about whether they participate in a gap-lowering scheme, or you can seek a referral to another specialist that does not charge a gap or charges a lower gap. + +A specialist must legally provide informed financial consent (IFC) before a procedure and clearly list their out-of-pocket or gap charge for their services on their estimate of fees. + +I have seen a few comments from redditors saying that they want to cancel their hospital cover and put that money instead toward a savings to pay entirely out-of-pocket for a private procedure themselves. + +Please be really careful opting to do this, as many private specialists will decline you even if you have the cash, as the liability of you not being a privately insured patient may be too high. E.g. if something happens and all of a sudden you need to be admitted to the ICU or have complications that suddenly are in the cost of 100-200k, they want to know that you have the backing of a fund to pay it. +It’s also worth keeping in mind that the cost of a prostheses is anywhere between $0-$99k depending on the prostheses. + +And yes, our not-for-profit and member’s owned funds are always trying to fight the good fight to keep costs in the system in check, but that’s a whole other post! + +Please remember to contact your insurer regarding any policy suspensions or options that they may have for you to pause your premiums if you need to take a break. + +Anyway, feel free to ask me anything! + +Have a great Saturday +**TL;DR**: We're f\*cking winning, big time. Also, apes are the whale. + +GameStop released two key data points on the progress of DRS: + +* **8.9M** shares were direct registered as of Jan 30th 2022 (up from 5.2M in late Oct 2021) +* **125k** registered investors as of March 11th 2022 (up from 1,683 in March 2021) + +&#x200B; + +# 0. We've been right about some stuff. + +This clarifies several things about the state of DRS, and about the quality of our estimates: + +* As others have pointed out, the trimmed average estimate from DRS bot data has been accurate. It estimated \~8.9M shares DRS'ed for end of Jan; it estimates that we're currently at **9.9M** shares DRS'ed. +* This means that currently, for every share logged to the DRSbot, roughly another 4 shares are DRS'ed. +* The mod11 account number inference seems correct. It put us at \~110k CS accounts end of January, which seems well in line with 125k accounts as of last week. + +Now, I personally interpret this data as follows. + +&#x200B; + +# 1. The push for DRS is f*cking working. + +Even if the 8.9M seems lower than most of us have hoped for, consider the following: + +* 99% of all GME-related CS accounts have been opened in the past year – even though we can assume that the 125k include some redundancy, i.e. multiple account numbers for the same person. +* The average number of shares per DRS account is "just" **71** However, the average per account as logged to the DRSbot is around **123** (using the estimated 1.3 accounts per ape; see [https://www.reddit.com/r/Superstonk/comments/tgawmx/drsbot\_count\_update\_20220317\_14000\_feedthebot/](https://www.reddit.com/r/Superstonk/comments/tgawmx/drsbot_count_update_20220317_14000_feedthebot/) ). I strongly suspect that the lower official number is due to the fact that most apes first send one or just a few 'sentinel' shares to check the process and get account access. If those apes DRS more shares once the initial transfers are complete, **we should see an increase in the average shares per investor over time**. The 123/ape estimate is also closer to survey-based estimates e.g. by u/Get-It-Got . (The alternative explanation is of course that ppl with larger positions are more prone to use the DRS bot but I find that unlikely tbh). +* US apes tend to forget how tedious the process is for non-Americans. Personally, I've been waiting for a long time for my letter to arrive, and I am quite sure that the same is true for many European, Asian, South American, African, Australian and Antarctican apes. We don't just get to chat up Fidelity and see the registered shares in our accounts days later. I think there is a massive DRS lag outside the US due to this – the stream will not trickle in the near future. +* It is reasonable to assume that a very sizeable fraction of ape positions are in IRAs or similar (which can be a massive hurdle if transfers cannot be done without tax hits) or with brokers that flat-out do not allow transfers (again, for many outside the US, transfer into Interactive Brokers then DRS from there is the only option, and many brokers do not allow this or make it extremely difficult). + +&#x200B; + +# 2.We own the float (multiple times over). The float will be DRS'ed in the near future. + +Again, it is worth putting today's numbers into some broader context. + +* We can safely estimate **9.9M** shares DRS'ed as of today (see above) with many more to come steadily in (also see above). The free float of GME is estimated to be around 35M. +* If DRS continues at the same average pace of the past 3 months (3.7M shares every quarter), it would take approximately 18 months to DRS the entire float. Duh, that seems long. **HOWEVER, ...** +* It's worth remembering a few more things. There are 21k apes holding \~550k shares (non-DRSable apparently) on the Swedish broker Avanza alone. That's just one broker (not even the biggest one) in Sweden which has a population of 10M (plus a bunch of elks), corresponding to 3% of the US population and 2% of EU+UK. Yes, you read that right. Swedes are rich and no mistake, but in just one broker in a rather small country, there are 1/6th as many apes as have DRS accounts. If we extrapolate even just the 21k out of 10M, we would expect \~700k holders in the US (there are likely way more) and >1M holders in EU+UK. Those 1.7M people own the float if they own \*on average\* just 20 shares per person; they'd own the entire company (76M shares) at just an average 45 shares per person. + +&#x200B; + +# 3. The music for SHFs stops playing long before the float is DRS'ed. + +I think this is the most important point of this post: we don't even need to hit the full 35M of free float registered to apes. The scramble to close short positions will begin long before that, as *public* information will soon indicate that the short interest is untenable. + +* Even based on the 'official' ORTEX numbers – which are probably an understatement – there are currently **19.4M** shares on loan (see [https://www.reddit.com/r/Superstonk/comments/tg9yw3/100\_utilization\_day\_27/](https://www.reddit.com/r/Superstonk/comments/tg9yw3/100_utilization_day_27/) ). We've been at 100% utilization for 27 days in a row now. Borrowing fees start to (finally!) climb. And this is just the 'classic', old-school short position, without any fuckery of hiding short positions in option plays or swaps or FTDs or other synthetics. This 19.4M loaned shares is the absolutely *most conservative, minimum estimate* we can work with. +* Many ppl have argued that the loaned shares in fact come from institutions, not retail. This is true, but doesn't change the point that to close a short position (in the traditional sense), shares have to be bought back out of free circulation, i.e. from the free float. + +Some maths: + +&#x200B; + +**35M float - 9.9M DRS'ed - 19.4M loaned = 5,7M shares** + +&#x200B; + +Yes, that's right: just 5.7M shares are the current *officially* available room for maneuvering for SHFs. Without creating synthetics and naked shorting, this is the gap that they still breathe through, and it's closing relentlessly. Of course, short selling shares loaned from institutions inherently increases the free float size: every shorted share is owned twice (by the original owner and by whoever bought the short-sold share). Yet to close a short position, the share has to be bought back – generally from the float, although institutions and insiders can also sell with some restrictions. + +&#x200B; + +With the 'officially admitted' ORTEX short interest of \~21%, we would be firmly in a short squeeze danger zone for SHFs *even in the absence of DRS*. But by DRS'ing, apes have effectively reduced the free float size by almost 30% and professionals out there know this very well. Given this, even based on the official ORTEX numbers (which, again, are likely an understatement and ignore any and all synthetics in circulation – they're just what SHFs "admit to"), we are currently at **around 50% short interest** effectively. In any normal stock, that's smack in the death zone for shorts, with a massive "GTFO WHILE YOU STILL CAN" sign right above everyone's head. Remember, the Volkswagen squeeze set off with just 12% short interest, because Porsche announced control of 74.1% of shares, with another 20% locked by the German state of Lower Saxony. GME is fast approaching a similar situation where the available shares are simply too few to even close the officially admitted-to short positions. + +&#x200B; + +\--- + +**Edit2:** u/civil1 commented below ([https://www.reddit.com/r/Superstonk/comments/tgoemz/comment/i13ire7/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/tgoemz/comment/i13ire7/?utm_source=share&utm_medium=web2x&context=3)) raising two very important points. + +1rd, restricted stock units may exceed 10M so that the true outstanding shares are reduced by that much. See this post by u/bpiraeus : [https://old.reddit.com/r/Superstonk/comments/tgm7g5/hot\_take\_weve\_been\_wrong\_this\_whole\_time\_weve/](https://old.reddit.com/r/Superstonk/comments/tgm7g5/hot_take_weve_been_wrong_this_whole_time_weve/) . I have no clue if this is correct, but it's certainly interesting and it would significantly spice up all the back-of-an-envelope math above. + +2th, u/civil1 refers to open trading windows for insiders, pointing out that they probably couldn't buy in during the previous weeks, but probably can do so for the next few weeks. + +\--- + +# 4. We will see more red before we see green + +Several very savvy TA apes have predicted weeks ago that we might stay in a bearish channel until we retrace to around 50 USD per share. Over the past days and weeks, shorts have done their best to hammer the price down, and with a drying up order book due to illiquidity, volatility will increase and short- and options-driven price pressure will have more effect. This is not FUD, but I think we should mentally prepare to see 50 USD or slightly below once more. I for one have my strategically placed limit buys ready... + +&#x200B; + +...because I expect GME to f\*cking soar like a phoenix shortly thereafter and to blow through previous ceilings, very probably into MOASS territory. + +&#x200B; + +# 5. Let's keep up the pressure. Also, let's chill. + +If you made it this far, I hope that the numbers convince you that today's DRS-related news are really, really good and that apes have successfully been boxing SHFs into a corner. The game hasn't changed for us: if we keep up and increase our (buying) pressure, something's going to give, and rather sooner than later. One of these days, one single share purchase though CS may be the final straw that breaks the camel's back. In context, today's numbers tell us that we're closer than many of us probably realise. + +&#x200B; + +See. you on the moon, everyone! + +&#x200B; + +*Edit:* I'm an idiot who cannot format good. +Have been having a horrible streak trading and decided to go all yesterday, on some deep OTM TSLA puts expiring today. I believed that speculative investors would be seeing to withdraw from TSLA in the present market environment, esp. given that it didn't decline as much as the market did yesterday. + +Tesla went up 1% with the whole market also up, and my losses were accelerating. At that point, I believed that my deep OTM puts had no chance of paying off and decided to take whatever I could get. Portfolio vaporized. + +About 30 minutes later, Tesla became the worst performing NASDAQ stock today. It is now the second worst performing stock, and if I had held on, my FDs would have been worth 190k in the green; instead of 46k in the red. + +I blew $7867 a minute. + +FUCK ME. + +I'm so upset. + +I don't know what to do. + +I still have money in the bank and will be financially okay but this really hurts. + +I need some support. Please help. +Every text post here is talking about current prices and short term projections, but what about longer term? All I see in the comments to those posts are buy and hold, and hold and hold and buy more, and hold... + +Here is a little math for you, 400 shares @320, if it ever gets up to Bitcoin level (~$3000) it would be 1.3 million with a initial investment of 128k. + +Theoretically couldn't we expect ether to eventually over take bitcoin due to its ever expanding functionality? + + +What are your thoughts? +I recently had a $80,000 funded account with the 5ers. I started the challenge in October 2020, passed it March 2021 and received the $80,000 account. I have been using the same long term trend following system since and just hit the stop out for the account a couple days ago, after around 7 months of trading. My equity curve is a slow and painful one, never once going above break even. + +I noticed there seemed to be a lot of occasions where my trade would hit my stop loss slightly before going back to break even/my TP, so I decided to check this. I started trading forex in April 2020 and it has been a problem I have always seemed to have, apart from the 5 months it took for me to pass the 5ers challenge where it only happened a couple times. I analysed and moved my stop loss around, made it looser, added on an extra 30 pips or whatever to try and stop this from happening, but it still seemed to happen. So the numbers: + +I took 74 trades in this 7 month period I had the account. 45 were losers. Of these 45, 18 hit my stop loss by 30 pips or less before going back to BE. Of those 18, 6 of them hit my TP. My average stop loss size was 95 pips to put it into context. + +That means that roughly 24% of all my trades hit my stop loss by 30 pips or less, or by \~a third of my stop loss length before going back to BE, and 8% of them would've gone on to hit my TP. + +I checked other numbers too, another significant one is that 11% (8/74) of all my trades would hit my stop loss by 5 pips or less before going back to BE/TP. + +What I'm saying is I don't really know if these numbers are normal. At the time it felt like a lot, but number of times it happened isn't as much as I thought. + +I guess what I'm asking is, do you think these numbers are normal and have I just subconsciously convinced myself the markets are stop hunting me? (which I know isn't true) Or are these genuinely large numbers that I have to try and figure out how to reduce? Or maybe it's just too small of a sample size to tell and I'm getting unlucky, I don't know. + +I should also say that it didn't happen this often in my backtesting, though my backtesting sample size isn't massive but it is more than 74 trades. Maybe I should just do more backtesting or something. +**A month ago Binacne blocked my old, active account that was 3d level verified and full of 1.2K BTC.** + +The account was created and used for arbitrage on cryptocurrency markets and everything was good for a long time before Binance decided to block it. + +Since then I’ve had a long conversation with their representative where I provided all my documents (even more that it was necessary), passed video verification and fund verification as well. + +During our conversation they changed the reason for blocking my account a few times and as a conclusion it’s still blocked. + +The first reason was “security” the last one was “law enforcement” which they don’t want to connect me directly with. And you know what, I don’t believe them at all. + +1. I make deposits from and make withdrawals exclusively to other well recognized exchanges from Top-10 exchanges. +2. I haven’t made withdrawals to any new addresses for last month. All withdrawals were from addresses that I used before for as long as several months. Why have you just now blocked my account? +3. All my withdrawals can be traced to well-known cold wallets of respectable exchanges (all were in top 10, according to CMC). +4. The hackers don’t do any arbitrage. +5. It's strictly prohibited to tell anyone that reason of blocked account is law enforcement (in case it's real reason, not like in my case). If it's really law enforcement they will connect you directly without any 3d party. + +My accounts on other exchanges are active, so, I’m just wondering for what reasons is Binance holding my money with no rules or reasons for it? + +I just kindly ask the official Binance representative to let me know that an investigtion about the account has beed started. + +How long does it take to finally solve the issue with my account as they’ve had all the documents and information for more than a month? + +Is there anyone who’s faced the same situation? What kind of actions should I take against Binance to get my funds back? +https://www.cnbc.com/2019/07/30/goldman-sachs-ups-sp-500-forecast-but-cuts-earnings-outlook.html + +Goldman Sachs raised its 2019 year-end price target for the U.S. benchmark S&P 500 index by 3% to 3,100 on Tuesday, but lowered its earnings estimates, citing weakness in economic activity and margin outlook. + +Despite the earnings squeeze, they analysts are still positive on a further rise for stock markets. The new price target for the S&P 500 implies a 24% full-year gain for 2019. It also set a 2020 year-end price target of 3,400, a 10% rise from the 2019 target. +I am thinking about cutting down to a 4 day work week and wondered if anyone had done this and had any advice or suggestions? + +The reason I want to do this is I am finding less enjoyment in work and rather than quit and look for another job I wanted to give this a try to see if the better ballance of work and life improved things. I also feel like I fell into this job and any new job would be at a lower starting salary (I suffer from impostor syndrome at work and have low confidence a lot of the time even with regular high performance reviews). + +Current job is 5 days a week, I earn about £41k with a small yearly bonus that's not guaranteed. I spend my week waiting for the weekend and my Sundays dreading the next weeks work. I work from home for a large telecoms company and feel stuck to my desk 9-5 all week. I spend 2/3 of my weeks in meetings (teams) and the rest trying to catchup and plan. + +I am 44, have 2 kids, will be mortgage free in under 10 years even with the cut in wages I think it's still 10 years. + +I have a small S&S isa with about 3k that I started last year and drop feed into. I have about 4k worth of shares in my company bought on salary sacrifice that I also buy £75 a month of that I would stop and hold for a few years. If the share price rises I would cash in and move to my isa but they make me about £350 a year in dividends. + +I contribute 13.5% with an employer 11% to my pension (24.5%). It's got about 200k in it and I expect it will be about 500k when I retire even on the lower wage. + +My main outgoing is on my bikes to maintain them and beer. I definitely drink to much and need to also address this. + +I was planning on asking for a 4 day week Mon to Thur because most work happens then and Friday afternoon I usually feel exhausted and least productive. + +I have read about taking Wednesday off to always have a 2 day maximum but I suspect the Friday will suite me and my company better. + +I know I have the right to ask and the company could refuse but there are a few already in my team who work 4 day weeks. + +Sorry if there is a better Sub to put this on but I wanted to see what people's views were on this. + +I would mostly use the extra time to cycle some more miles, meet friends for lunch (I have a group of friends who are older and don't work) , be able to unwind from Thursday. Collect my kids from school and spend some time walking etc. A chance to do some household things to give more fredome at the weekend. + +I reckon I would go from £2200 down to £1900 take home. +**_Edit: Thanks for the gold, anon redditor, and thanks everyone who commented and contributed, I was surprised to log in and see this thing had shot to the top of r/bitcoin. Please continue to write your legislators about this and similar legislation, and of course, keep using bitcoin._** + +The whole text of their proposal: +https://www.congress.gov/bill/115th-congress/senate-bill/1241/text + +If in the U.S.: Write your representatives to oppose S.1241: +https://democracy.io/ + +Write to Administration to demand a veto of S.1241 or anything like it if it were ever to reach the White House for signature or veto: +https://www.whitehouse.gov/contact + +An opposition letter to S.1241 has been developed by the Bitcoin Foundation, but I don't think it goes far enough. I think any organizational opposition letter (e.g. from EFF, Bitcoin Foundation, or other org) should call for total and absolute death by fire of S.1241 or anything like it. (See second season of Stranger Things if you have any question about what I mean about death by fire.) https://bitcoinfoundation.org/redraft-%c2%a71241-combating-money-laundering-act-2017/ + +(The following is my recent letter over the weekend sent to the U.S. Administration regarding S.1241, requesting that a position be taken on the bill to announce that a veto would be provided if the legislation were to be advanced. Please feel free to copy and paste from it or develop your own.) + +-------------------------------------- + +This is regarding S.1241 - the so-called "Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017." + +This proposal is a sick joke. Its proponents have given a fancy +name to something that simply put, is designed to attack the American worker and would do absolutely zero in relation to what the title implies. + +The bill would brings cryptocurrencies under the umbrella of civil forfeiture. It also would require the DHS to provide, within 18 months of ratification, a report on strategies to detect cryptocurrencies at border crossings, which would be impossible since there is no technology that can do that. + + I can put a bitcoin on a paper wallet or memorize seed words in my brain that represent a whole wallet and cross borders physically or virtually, then later reproducing the wallet at will. This law would attempt to prohibit me from exercising my memory to access my resources across borders, a ridiculous approach to finance. Finance is of course cross-border and private. + +Section 13 of the proposed Act is just one particularly vicious aspect of it, constituting nothing less than an attack upon the American worker. + +Sec. 13 of S.1241 seeks to define anyone issuing, redeeming, or cashing bitcoin as a financial institution, requiring them to comply with the Bank Secrecy Act, 31 U.S.C. §5312 and requiring INDIVIDUALS AND SMALL BUSINESSES to adopt the same formal reporting procedures as financial institutions for +the purpose of reporting suspicious financial transactions. + + In effect this Act would treat INDIVIDUALS as though they were BANKS and impose the same financial licensing and reporting obligations on them. + +Please communicate to those who are pushing S.1241 forward that it will get nothing but a Veto. + +Thank you. +First off, I want to open with: I’ve been a lurker for a long time and to be frank you guys scare the heck out of me. you are brutal and often quite ruthless to newbies so I implore you to go easy on me. I’m here to learn from you wise ole elders, and am open to knowledge and constructive criticism. + +My partner got a job out of state, so we put house up for sale. The closer it got the more I realized how much I love this house so we put it up for rent and it rented immediately. It was the least expensive home in our zip code and I’m still making a $1,000 per month profit. + +We will be buying in the new state. Living in that home for 2 years and then plan to rent that one out. + +Our 2 year goal is to save enough for a down payment on a 3rd vacation property in the mountains near us. + +I am wondering if someone can point me in the right direction on how to become a landlord and cover ALL of my bases. I have plenty of time to study the laws on the vacation property, but renting out my own home was a pleasant surprise and this is happening this month. + +I already have a CPA helping me with the taxes, a realtor I trust heavily vetting tenants, and the option for a property management company. The realtor has a lawyer who will draw up all paperwork. I’m purchasing landlord insurance before anyone steps foot in the house. + +Is there anything else I need to be doing immediately to cover myself? + +I love to learn and am really looking forward to all of this. I also can’t wait to keep learning from you guys and continue investing. +Nothing. It means literally nothing at all. Expect a dip, expect them to drop it with family gatherings upcoming. Buy the dip, DRS that shit, and HODL. + + +250 character minimum fulfillment. + +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +Buy the dip, DRS that shit, HODL. +[https://blockonomi.com/mind-ai-guide/](https://blockonomi.com/mind-ai-guide/) + +https://i.redd.it/ubrupk3h47t11.png + +Have you guys heard of this newest iteration of artificial intelligence, the "third wave?" Seems pretty crazy- AI that reasons like a child or human would. There is a new [Blockonomi.com](https://Blockonomi.com) article breaking down MindAI. It seems like a pretty interesting project where the AI is built using user generated data "canonicals" to build the AI engine to critical mass, like wikipedia is built. I wonder when they'll have it live and how they'll be able to integrate the tech + +Have you guys looked into this at all? I found their telegram community is @mindai on telegram. +Dream Impact ([MPCT-UN.TO](https://MPCT-UN.TO)) is a recently re-imagined REIT focused on GREEN and IMPACT investing. Total **unitholder equity is** ***515 Million, total assets of 677 Million***, a **NAV of $8.99** (as of Dec 2020) and has plans to quickly increase unitholder value through new developments of their lands as outlined below. + +MPCT Earnings were relatively uneventful overall, but 100% on track. Which is fine by me. Great strides were made to the recurring income segment which will start delivering in Q4 and beyond. New development projects are coming online steadily going forward, a healthy stream of acquisitions are being made, and two major projects have Dream Impact Shortlisted to win. A strong focus on Apartments is evident, which is a highly prized asset class that generally trades at or near full net Asset Value. + +\-------- + +**Let's look at what was added in Q3** + +2 new residential apartment complexes were added in Downtown Toronto. These will add material recurring income in Q4, as it totaled 912 Residential rental units. + +After Q3, a 228 unit Residential building was being prepared to be acquired, also in Toronto. + +Q4 2021 a large 186,000 sq foot Zibi Block 211 office will come online which is 86% pre-leased. + +15 Rue Jos-Montferrand went online, at 83% occupancy (53,000 sq feet) + +These are adding significant recurring revenue, which will propel year over year results going forward. This also shows what Dream Impact is focusing on. Toronto Downtown rental apartments. A favorable investment in an inflationary environment. + +\-------- + +**Near Term Development Outlook** + +Looking 5 years down the road, Dream Impact has updated their forecasts to \~3600 residential units (vs 3200 Units last reported), over the next 5 years. Commercial space is only estimated at \~500,000(\~186,000 is pre-leased/committed) Square Feet, further showing Dream's focus on the highly prized residential developments. + +Many REITs have projects "in the forecast". The risk with many of these developments is planning and approval. Dream Impact has very little risk in this regard, as the vast majority (70%+) of their projects and developments have zoning APPROVED. Dream Impact (at project level) has nearly 18,000 residential units in the pipeline, not including any potential bids they have a good chance of winning (read further below). The land is already owned and the vast majority already with appropriate density approvals (again, 70%+). Adding to this, the locations are prime, mostly in Downtown Toronto and Ottawa(Zibi). + +**2022** will see some developments come online to further add to recurring income: + +Aalto Suites - Dream Impact's First Built Rental Complex! Occupancy starts in Q4 2021, [https://zibi.ca/fr/residential/aalto/](https://zibi.ca/fr/residential/aalto/) . + +Block 208 - 80% preleased + +15 Rue Jos-Montferrand - 80% preleased + +**2023** is a new frontier. This is the year we see some major developments come online. + +West Don Lands - 770 Residential Units (In Construction, 2023 launch) + +Brightwater I & II - 311 Residential Units (In Construction, 2023 launch) - [https://urbantoronto.ca/news/2021/11/construction-brightwater-i-and-ii-moving-along-port-credit](https://urbantoronto.ca/news/2021/11/construction-brightwater-i-and-ii-moving-along-port-credit) + +Brightwater Towns - 106 Residential Units (Pre-Construction, 2023 launch) + +Block 206 - 207 Residential Units &196K SF Commercial (In Construction, 2023 launch) + +Block 207 - 76K SF Commercial (In Construction, 2023 launch) + +Virgin Hotel Las Vegas - Complete, expected sale in the next 18 Months (Will generate healthy one time income when sold). + +\-------- + +**2022 EPS Outlook** + +In 2022, I am expecting EPS around 75 cents per unit, vs 6 cents in 2021. TD is estimating 79 cents, but I see higher costs. This is what we call a transformational year. Not only will recurring income make great leaps, we will also see material increases in NAV as developments complete. It only gets better from here. + +\-------- + +**Potential Near Term Catalysts** + +There are a few little known catalysts coming up. Dream Impact along with Dream Unlimited (Quayside Impact LP) are partnering to bid on some irreplaceable projects in prime locations. The winners are expected to be announced soon. + +**Quayside Development** + +Shortlisted to 4, Dream Impact has the potential to be a partner & win this iconic development of 12 acre waterfront parcel. Winner is expected to be announced in February. Winning this development could add significant upside to Dream Impact, and be a windfall to NAV and their total development pipeline. + +[https://ontarioconstructionnews.com/waterfront-toronto-has-announced-the-shortlist-of-proponents-for-the-quayside-development/](https://ontarioconstructionnews.com/waterfront-toronto-has-announced-the-shortlist-of-proponents-for-the-quayside-development/) + +**LeBrenton Flats** + +A smaller, yet still very important piece of land, is the 2.7 acre development at LeBrenton Flats. The winner is expected to be announced January 20th, 2022. As Dream owns Zibi, which is essentially neighboring this parcel, I do believe there is a strong likelihood of winning this bid. By winning this bid, it would open up the remaining lands favorably to Dream, which is another \~68 acres of prime development land. + +[https://obj.ca/article/real-estate/ncc-board-endorses-lebreton-master-plan-names-shortlist-developers-library](https://obj.ca/article/real-estate/ncc-board-endorses-lebreton-master-plan-names-shortlist-developers-library) + +**Virgin Hotel Las Vegas Investment** + +This investment was always expected to be sold. I anticipate this will generate 45 to 50 cents of income per unit. This will be a catalyst not just for the material one time net income gain, but will also be one of the final asset sales which will turn Dream Impact into 100% an IMPACT Trust. Institutions are likely waiting for this before they can invest their Impact dedicated funds into the REIT, as the REIT will become a pure play IMPACT investment vehicle. + +\-------- + +**Annual NAV Update** + +Dream Impact Updates their NAV annually. As of December 2020, it was $8.99. I anticipate around $9.20-$9.50 NAV at the end of this year, which will fluctuate largely depending on currency. Another 50-80 cents will likely be added to NAV by December 2022, as developments complete or come near completion ($9.70-$10.00). This does not include any potential upside if Dream Impact wins any of their current bids, which could be very material. + +\-------- + +**Management restated distributions are safe:** + +"The Trust is expected to meet its ongoing obligations, including unitholder distributions, over the near term based on our current liquidity position. During the nine months ended September 30, 2021, the Trust renegotiated its asset management agreement with DAM to settle the management fee in units, which will provide cash savings over the next three years, increased the borrowing base available on its credit facility and completed a private placement. We will use the increased liquidity available to the Trust to grow our recurring income segment through acquisitions and to fund our developments. These initiatives are expected to improve the Trust’s operating cash flows and provide further security for our ongoing distributions." + +Distributions have been paid as 100% ROC, making it very favorable for investors looking for income with low tax. This is favorable for a non-registered account. For a REIT which is moving to be mostly residential, the distributions are incredibly lucrative versus other apartment REITs. With Dream management's history of success, and its pipeline secured and being developed, I have no reason to doubt management's ability to delivery what is promised. + +\-------- + +**Disclosure** + +I own Dream Impact, and recently added as high as $6.50/unit, and have added additional units as almost all REITs took a bit of a dip last week. This is not investment advice, and one should always do their own due diligence. + +\-------- + +**Research Links:** + +Q3 Financial Report - [https://dream.ca/wp-content/uploads/2021/11/Dream-Impact-Trust-Q3-2021-Combined-Report-final.pdf](https://dream.ca/wp-content/uploads/2021/11/Dream-Impact-Trust-Q3-2021-Combined-Report-final.pdf) + +Q3 Investor Presentation - [https://dream.ca/wp-content/uploads/2021/11/MPCT-Investor-Presentation-11.9.2021-FINAL.pdf](https://dream.ca/wp-content/uploads/2021/11/MPCT-Investor-Presentation-11.9.2021-FINAL.pdf) + +My previous Reddit Write Up on Dream Impact + +[https://www.reddit.com/r/CanadianInvestor/comments/qemxso/dream\_impact\_reit\_mpctunto\_by\_retiredceo\_toronto/](https://www.reddit.com/r/CanadianInvestor/comments/qemxso/dream_impact_reit_mpctunto_by_retiredceo_toronto/) + +\-------- + +**Artis(AX-UN.TO) REIT Update Coming** + +Additionally, I wrote up on Artis (AX-UN) REIT below, and have begun a new post earnings write up on Artis as well. We should be hearing about their ***special distribution***, and hopefully some Office Building sales, soon. + +[https://www.reddit.com/r/CanadianInvestor/comments/qa4hbv/artis\_reit\_by\_retiredceo\_a\_sandpiper\_target/](https://www.reddit.com/r/CanadianInvestor/comments/qa4hbv/artis_reit_by_retiredceo_a_sandpiper_target/) + +The new Artis REIT update should be completed by next weekend. +Good Morning, + +Ryan Cohen has some impeccable timing, with a large chunk of ETF FTDs due today and GameStops first big announcement in quite some time. We are positioned to move. + +[https://gamestop.gcs-web.com/node/19586/html](https://gamestop.gcs-web.com/node/19586/html) + +Shorts spent $230m yesterday borrowing shares from IBKR and Fidelity to try to drop our price below the current Delta Neutral point, with another spike in delta sensitivity on the horizon and today's news we could really pick up some serious momentum. + +Yesterday's put call parity point was at $113 if we can break that there could be quite a push up the current gamma ramp. + +https://preview.redd.it/jjrpoyzggmf81.png?width=2106&format=png&auto=webp&s=7d1b91a8225d170cce9524f97ba54b4d2dfa5040 + +**Yelyah2 Update** + +[\\"Good news is the DN is holding at $97, and looks like it's going to bounce off it\\" - yelyah2](https://preview.redd.it/adzxigprgmf81.png?width=909&format=png&auto=webp&s=96b0145762ea29c207ce527f20ef60c18aff3cbb) + +[Vega Neutral at $65](https://preview.redd.it/04ac0k51hmf81.png?width=909&format=png&auto=webp&s=4e8c2525545d031b404e368190bae97dcd2a8e58) + +**DIX Pics** + +Dark pool index shot back up yesterday as they borrowed extensively for short positions + +https://preview.redd.it/9vjus5pihmf81.png?width=2494&format=png&auto=webp&s=56d87bc02eb0498b57117619e51ed73f7078f3a0 + +[put\/call also jumped back up above it's 30d average as people piled into calls on the dip](https://preview.redd.it/5vp6aaxmhmf81.png?width=2478&format=png&auto=webp&s=0672d12821b586a07a8eda8473c00ef74202977d) + +Today should be the same day in the cycle we saw occur on Nov 3 of the previous cycle, I don't know the effect the news will have on this but we have support for a large move via the options chain and probably some FOMO and maybe even institutional interest this morning due to the announcement as well. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Kind of a lackluster day not a lot of significant price action either way, we did end up moving back to the green in AH but aside from the early run to 106 the day was basically flat. Millions of dollars in Deep ITM puts came in as we neared close if there were any FTDs being covered today it was done so under the put wall and insignificant in quantity. Delta sensitivity hopefully continues up as we managed to maintain a price above delta neutral moving into the end of the week. This overlap in FTDs will continue through the 8th. Based on today however, I don't hold out much hope for any days besides the 7th and 8th to generate buy volume. We may stay pretty low till OPEX at the end of the month. + +\- Gherkinit + +https://preview.redd.it/7lgv8pyjrof81.png?width=782&format=png&auto=webp&s=226e1974687efa2676f81fad7b9fd0ec3d4e04af + +https://preview.redd.it/qo9evu7zrof81.png?width=1482&format=png&auto=webp&s=23fccb8770b3972507e781c31b103b5ee96bd3c2 + +Edit 3 12:51 + +Breaking the midday lull and crossing back above VWAP + +https://preview.redd.it/ayj7lan1pnf81.png?width=1483&format=png&auto=webp&s=954ea0cd61591c4b07bf7443cbfc90bf508c2446 + +Edit 2 10:58 + +After being unable to sustain the break of max pain we dropped back down to VWAP double bottomed and are now breaking out a bit but buy volume and pressure remain low + +https://preview.redd.it/yt2wxcxx4nf81.png?width=1490&format=png&auto=webp&s=1cd6ceee413520b63f8e0e717a1e9886ac7d723a + +Edit 1 10:10 + +Confirming a breakout from this morning's drop, need some more volume but this looks good + +https://preview.redd.it/c26dcrpcwmf81.png?width=1493&format=png&auto=webp&s=c860ae2d9843fc039fa299f60360ab4f122acdc6 + +# Pre-market Analysis + +Nice little run up to 103 and shorted back below close right now, I expect they will attempt to attack the news aggressively this morning, shorting to drive away potential FOMO. But they borrowed a massive chunk of available shares and with the XRT dividend on the horizon borrowing there could be risky. + +Volume: 54.13k + +Max Pain: 105 + +Shares to Borrow: + +IBKR - 100,000 @ 2.3% + +Fidelity - 118,109 @ 1.00% (this briefly moved up to 1.25% yesterday) + +[GME pre-market 1m](https://preview.redd.it/5r06ik24jmf81.png?width=1492&format=png&auto=webp&s=fdab217a761dd2d666111007ac78def309947d39) + +TTM Squeeze + +https://preview.redd.it/aqttch4ejmf81.png?width=2454&format=png&auto=webp&s=59fb69fa6dc10a63830fac949cf677ecbc8d7d7d + +MACD + +https://preview.redd.it/ur497vtjjmf81.png?width=1488&format=png&auto=webp&s=013da5dba7aeb98989186cea3a899f112ab0e8fd + +CV\_VWAP + +https://preview.redd.it/ow9rtcqojmf81.png?width=2451&format=png&auto=webp&s=41ff1791ec06ced98b7763a7b34cca58f476cf31 + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +I've been here on this sub for just over half a year, and I still consider myself new at this kind of dividend investing. I've seen the phrase "dividend trap" thrown around a lot. And while *I think* I know what it is, I'd love to hear a better definition than what I invented in my head . . . and some examples. + +It seems like ZIM's 85% yield is ridiculous, unsustainable, and is a trap. But is it a trap because of the unsustainability? Is it a trap because its "real" yield - if you completely exclude the special dividend of $17 - would still be 31.6%, which is still insanely high? + +What about SVOL? It's its own weird thing; and its yield is around 18%. Is that a trap? + +How about everyone's favorite punching bag, QYLD, with its 12% yield and constantly declining price? + +JEPI's been sneaking on up there, currently at over 10%. Is that a trap, too? + +I'm not asking for you to take these examples, one-by-one, and analyze them for me. I want your definition. What's the dividing line between, **"It's a trap!"** as opposed to, "It's just a really high yield!" Perhaps we could dub this the **Admiral Ackbar line**. + +[Let's call it the Admiral Ackbar line!](https://preview.redd.it/pv71bd89qwn91.jpg?width=1280&format=pjpg&auto=webp&s=a03a45d4e409e209c6432b5f0550075d104c8ac0) +I’m 61 years old, semi-retired with $250,000 income a year until age 65. No debt at all. We sold our house last year with $500,000 profit. Have $2.2M in 401k. And we have additional $300,000 in liquid positions. + +We put $300,000 cash into new home we are building. $700,000 left on home prior to close. + +What is the best route to pay for home? + +If it makes sense, we would like to pay it off before I fully retire in 4 years. + +Options: + +1. Mortgage the whole thing for 30 years and payoff with extra principal at or before age 65? + +2. Take $400,000 from 401k to pay down home before closing leaving $300,000 to mortgage, then extra principal to payoff before age 65? + +3. Take $400,000 from 401k, and $300,000 liquid cash and payoff new home at closing? + +4. Ride the mortgage train for 30 years? + +Oh yeah… I have advanced cancer so I might not live for 30 years. + +Comments are appreciated. Thank you. +https://www.wsj.com/articles/u-s-china-quietly-seek-trade-solutions-after-days-of-loud-threats-1522018524 + +Without diving too deep into the political realm, might some of the recent concerns about a potential global trade war have been overstated? +https://www.barrons.com/articles/what-the-yield-curve-inversion-really-means-campbell-harvey-51553283550 + +Interesting read! Here’s the full article below. + +An unusual event occurred today. The yield on the 10-year Treasury bond fell below the yield on a 90-day Treasury bill. This is called a yield curve “inversion.” Perhaps it is no surprise that the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all dipped. + +When the yield curve inverts, it’s because investors think that a recession is coming. The last time the yield curve inverted was before the global financial crisis. + +I have been analyzing the yield curve for more than 30 years—my 1986 dissertation at the University of Chicago showed that an inverted yield curve, where short-term rates are higher than long-term rates, led to a recession within 12 to 18 months. Since then, what researchers call “out-of-sample evidence” has validated my model. Since the publication of my dissertation, the model is 3 out of 3. There have been no false signals to date. The joke that an indicator has forecast 11 of the last three recessions does not apply here. + +Importantly, my model argues that a yield curve inversion must be realized for a full quarter—not merely a few days. So we are not quite there—but the trend suggests we will soon be there. + +In a growing economy, the normal behavior of the yield curve is when longer-term rates have higher yields than shorter-term rates. There are many intuitive reasons why this is the case, but here’s the big one: one of the safest assets in the world is the 10-year government bond. When uncertainty increases, it is a classic safe-haven asset. Demand bids the price up and yields decrease. Indeed, many shift capital from short-term investments to longer term investments (like the 10-year Treasury bond) which leads to an inversion. + +But my yield curve model is a simple model and it is reasonable to look at other indicators. Unfortunately, the news there is equally as grim. + +The recent increase in anti-trade, protectionist measures is working against economic growth. The ongoing trade war between China and the U.S. is bad enough. But the biggest and most pressing risk today is Brexit. Europe may already be in a recession and a disorderly Brexit would make growth prospects even worse. This week, British Prime Minister Theresa May narrowly avoided a no-deal exit from the European Union—the next key deadline is April 12—but it remains to be seen whether she can get her exit bill through Parliament. What is bad for Europe is bad for the rest of the world. + +Uncertainty works against economic growth, and uncertainty has heightened. Whether we measure that with market volatility or the risk of economic disruption in Europe, the effect is identical. Increased uncertainty means that companies scale back or defer capital expenditures and employment plans. + +It is also important to measure the sentiment of our business leaders. The Duke CFO survey, a poll with almost 25 years of history, recently showed that 82% of chief financial officers believe a recession will have started by the close of 2020. Their job is risk management and they are overwhelmingly convinced a recession is imminent. When CFOs worry, hiring slows, capital expenditures drop, and companies tighten their belts. + +We are late into the business cycle. The Great Recession ended, according to the National Bureau of Economic Research, in June 2009. The average time to recession in the modern era is 58 months—and we are now at 117 months, or more than double the average. The time is right. + +The economy is entering dangerous territory. Turning points are difficult to forecast often because we want to good economic times to continue. However, the evidence is becoming overwhelming. The inversion of the yield curve today is yet another reminder that nothing, not even impressive economic growth and 3.8% unemployment, lasts forever. + +Campbell R. Harvey is a professor of finance at Duke University and a former president of the American Finance Association. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. 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Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +My mom has terminal cancer. She doesn't have much money but wants to be able to give as much to my brother and I when she passes as possible, for reference we live in Pennsylvania. I am currently on her bank account and my family has advised me to start taking money out to avoid inheritance tax. Is that wise? How should I record this money? + +She also bought a new car a little over a year ago and wants to give it to me. We are not sure what the best way to proceed is. Should she gift the car to me? Sell it to me for $1? Should we wait until after she has passed to transfer it to me? + +My brother and I honestly don't care one bit about the money but she so desperately wants to leave us both something. It is heartbreaking to see her so upset her savings have been depleted by treatments. We are all trying to get things settled for her so she can relax for the time she has left. + +UPDATE: Wow, I was not expecting such a big response! I am trying to reply to many of the comments and questions, but -as you are aware by my original post- I am juggling a lot of things and can’t reply to everyone. As many people suggested, I will look into an estate lawyer. Given my mom’s limited assets, it never occurred to me to do. +. +For those wanting more details on the finances: mom does not own her home (lives in a townhouse owned by her mom), has been on disability for years due to severe depression/anxiety. Her bank accounts do not total more than $10,000 and her most valuable asset is her Subaru (valued $20,000?) that she does owe a bit on still. +. +Thank you for every single kind wish and sympathy. This is the worst thing I have ever experienced and never thought it was possible to feel this level of despair. Please don’t smoke, don’t vape, it isn’t worth it! +Everyone says "buy the dip". Everybody also says "time in the market beats timing the market" (the implication being that any cash sitting uninvested is wasted opportunity). + +I have drastically more of my resources invested in the market than ever before. But I do not have confidence that the extended upward run we've been on is going to continue, so I recently cashed out about 30% of my portfolio that was sitting at about the same price as when I bought it. + +Many of us would love the buying opportunity of a 50% drop in the market, but that likely won't be a sudden, 1-day plummet. How do people manage the downward process and avoid spending all their available cash at the -10% point, or the -20% point, such that they have no cash available when the market has dropped 50%? +Hello in this video at this minute: + +[https://youtu.be/i0sGAds8ztI?t=444](https://youtu.be/i0sGAds8ztI?t=444) + +I'm studying the Black-Scholes equations and he describes the natural logarithm + +I wanted to ask you why in this step and in this model we use the natural logarithm? Why? What is +##PREFACE +This post is about [**BlackRock**](https://i.imgur.com/EHtH9nB.jpg) and how I believe they're involved in the Gamestop saga. I'm a simple man with few wrinkles, if you had asked me what a call option was last year I would have assumed you were talking about the automated choices you get on some robotic phone lines, so yeah this may come across as childish and naive. I'll be mostly just looking at 13F documents to look for patterns and to try and build a picture of events as they unfolded. I've read many posts about BlackRock but I've yet to see one post that ties everything together [**like I see it in my head**](https://i.imgur.com/7OvFsrl.jpg). + +Please note I don't come to any definite conclusions here, this is just my opinion and it's definitely not financial advice. I also didn't know Reddit posts had a 40k character limit so this is posted in 3 parts. [**Yeah it's big**](https://i.imgur.com/eqMXsM8.jpg), but I've tried to break it down into sections to make it easier to take in. + +*** +*** + +##TOO APE, DIDN'T READ: +BlackRock might be a force for good, but too soon to tell. + +*** +*** + +##TLDR: + +*(This is as short as I can make this)* + +- BlackRock is run by Larry Fink who debatably knows Wallstreet better than anyone else and he seems to be on a mission to clean things up. + +- BlackRock built one of the greatest market risk detection systems on the planet called Aladdin so Fink clearly knows what's happening with Gamestop. + +- I tracked GME institutional ownership back to March 2017 and found GME was getting shorted as far back as that. + +- BlackRock was [**willing to accept US Treasury bonds as collateral**](https://i.imgur.com/IeRVj8G.png) in share lending (possibly the only company to do so), and from Atobitt's everything short we know Shitadel had easy access to UST bonds. This implies BlackRock gave Shitadel a cheap way to start shorting GME. + +- BlackRock had held millions of GME for years and then sold shares in bulk at 2 points; when Gamestop needed shares for a stock buyback and when RC wanted to buy shares, both times BlackRock seemingly sold at a big loss. This seems like BlackRock was doing both parties a favor. + +- Fidelity and Dimensional Fund Advisors had also lent out GME for years, they then decided to sell all of their GME shares in Q1 2021, to do this they first had to recall the shares and I believe this caused the January squeeze, due to their shares having been rehypothecated for 4 years. + +- It wasn't only Gamestop where Fidelity sold shares, they sold their entire supply of 21 other stocks which all squeezed in Jan, so I think Fidelity caused these squeezes too. + +- I then looked at the 2020 market crash and [**BlackRock went into this without buying puts to protect themselves like they had done during previous crashes**](https://i.imgur.com/XuoZ0Ik.png), they also sold $ hundreds of billions worth of stock and then bought right back into the exact same positions mere weeks later. To me it seems BlackRock (possibly with the help of Vanguard) helped crash the markets so they could get the [**SLR**](https://www.risk.net/definition/supplementary-leverage-ratio-slr) (leverage) rule relaxed. This rule change meant the shorts could go even harder on their short positions thanks to banks having easier access to US Treasury bonds. + +- BlackRock made it easy for the shorts to borrow shares, then made it easier for shorting to happen during the pandemic and they sold GME to Gamestop and RC when they both needed them (at great cost to themselves). It just seems to me that BlackRock laid out a long trap over the past 4 years to hurt the shorts and cause the MOASS. Fidelity and Vanguard may have had a hand in this too; Fidelity also sold to Gamestop during the stock buyback and then caused all the squeezes in Jan, and Vanguard pretty much copied BlackRock's actions during the 2020 crash which led to the SLR rule change. Why did they do all this? Partially for self-interest, BlackRock & Vanguard have increased their positions in a lot of heavily shorted stock so will benefit from the many imminent squeezes (I'm eagerly awaiting the next 13F documents to see how their holdings look now). I also think they enabled the MOASS for the reason below: + +- My opinion is that BlackRock et al wanted to crash the markets so they can be rebuilt with sustainability in mind. [**BlackRock is apparently the key to redistributing $120 trillion worth of investment into sustainable companies**](https://uk.finance.yahoo.com/news/great-reset-blackrock-fueling-120-210000214.html), and I believe this will happen during and after the MOASS; BlackRock will pull out of any non-eco-friendly companies and push money into eco-friendly ones. + +- Larry Fink has been urging CEOs to release ESG data for their companies, ESG stands for Environmental, Societal and Governance and it measures non-financial factors like pollution, deforestation, gender and diversity policies, bribery and corruption, lobbying, executive compensation and many more points showing how "good" companies are at their core. I believe post MOASS high scoring ESG companies will boom while the others will dwindle. + +- Gary Gensler has also started pushing hard for ESG data to be released, implying this concept is accepted by the US government too. + +- The Great Reset is a term relating to sustainability and meeting net zero targets, it started getting used during the pandemic with the idea of "building back better" but so far, there's been very little done towards this so far. + +- The government has been quiet about the Great Reset, but John Kerry (currently serving as the first United States Special Presidential Envoy for Climate) said last year that the government will support the Great Reset and that the Great Reset "will happen with greater speed and with greater intensity than a lot of people might imagine" call me a tinfoil hat, but that sounds like a reference to the MOASS to me. + +- Finally I looked at how the DTCC have been working on [**Project Ion**](https://www.dtcc.com/~/media/Files/Downloads/settlement-asset-services/user-documentation/project-ION-paper-2020.pdf) and [**Project Whitney**](https://www.dtcc.com/~/media/Files/Downloads/settlement-asset-services/user-documentation/Project-Whitney-Paper.pdf) for the past 6 years, both of these are about digitizing securities to be traded on blockchain, particularly Ethereum (sound familiar?) + +- The SEC recently just happened to bring on a crypto expert (Gary Gensler) as their Chair around this time. + +- Additionally 45 different countries are currently researching CBDCs (central bank digital currencies) and the Federal Reserve is looking into a digital dollar too, which may come out with the arrival of a new crypto stock market. + +- The DTCC's own papers say that a point of resistance for a new digitized system is fighting the status quo and not fixing what isn't broken. Cue the MOASS. This will decimate the markets leaving a perfect opportunity for a new blockchain based stock exchange where the digital dollar can be introduced too. + +- Gamestop's crypto announcement could well be one of the first companies to trade on this new system. + +- Overall I believe there's been a 4 year plan in motion to crash the markets to the point they can be rebuilt from the bottom up. BlackRock might have enabled this, but Shitadel & Co were the perfect stooges to demonstrate just how badly the current system can be abused and why change is needed. + +- Finally there seems to have been a FUD campaign against BlackRock and the concept of the Great Reset, almost as if Shitadel is pissed off all of this is happening and they're now spreading FUD about these things just like with Gamestop. + +- I honestly believe that our buying and holding isn't just yielding us tendies, but that we're part of the greatest revolution ever that will help fight climate change and weed out corruption. + +*** +*** + +##HONORABLE MENTIONS: + +*(in alphabetical order)* + +- **/u/Atobitt** (the maestro himself) wrote [**The Everything Short**](https://reddit.com/r/GME/comments/mgucv2/the_everything_short/) which I'll explore in Section 5. + +- **/u/BarTPL0** wrote [**this post**](https://old.reddit.com/r/Superstonk/comments/mysvq9/dtcc_anticipates_completion_of_prototype/), the only one I've seen on Superstonk which mentions Project Ion, I'll mention this in Section 9. + +- **/u/Bladeace** wrote a post called [**'The NYSE threshold list: collapsing shorts and launching the MOASS'**](https://reddit.com/r/Superstonk/comments/oao9oo/the_nyse_threshold_list_collapsing_shorts_and/) which I'll look at in section 4. + +- **/u/BurnieSlander** wrote [**The Matrix is Everywhere. A Quant DD**](https://reddit.com/r/Superstonk/comments/nzajpv/the_matrix_is_everywhere_a_quant_dd/) which I'll touch on in Section 5. + +- **/u/Criand** has more wrinkles than a pruned avocado and I could read his posts all day long, but I'll just be looking at his [**The Bigger Short**](https://reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) post in Section 7. + +- **/u/Get-It-Got** wrote [**this post**](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_source=reddit&utm_medium=usertext&context=3&utm_name=Superstonk&utm_content=t1_h1lw3ow) on HYG — IShares IBOXX $ High Yield Corporate Bond ETF, which I'll touch on Section 6. + +- **/u/--GrinAndBearIt--** made [**this post**](https://reddit.com/r/Superstonk/comments/ms4syp/blackrock_currently_has_3_exmember_inside_the/) which I'll look at in Section 8. + +- **/u/hell-mitc** wrote [**this post**](https://reddit.com/r/Superstonk/comments/mrstka/its_just_a_bug_bro_part_4_it_has_to_be_a_fucking/), if you're reading this I hope I can put your mind at ease in Section 7. + +- **/u/ringingbells** made [**this meme post**](https://www.reddit.com/r/Superstonk/comments/oizcqz/an_actual_unpopular_opinion/) which I'll address in Section 5. + +- **/u/SamBradfordSuperFan** recently wrote [**this post**](https://reddit.com/r/Superstonk/comments/okjctq/explaining_the_gme_token_it_has_launched_the/) explaining elements of Gamestop's crypto token and how there's a need to wait for Ethereum update EIP 1559. I'll look at this in Section 9. + +- **Special thanks to /u/variousred** who proof read this post, offered suggestions and helped make me feel this wasn't all just a load of rubbish. + +*** +*** + +##TOPICS WE'LL BE COVERING + +🔹🔹🔹(**PART 1**)🔹🔹🔹 + +##1. WHAT IS BLACKROCK? + +##2. LARRY FINK + +##3. ALADDIN + +##4. GME INSTITUTIONAL OWNERSHIP + +🔹🔹🔹(**PART 2**)🔹🔹🔹 + +##5. SHARE LENDING + +##6. BLACKROCK'S EXPOSURE + +##7. THE 2020 CRASH + +🔹🔹🔹(**PART 3**)🔹🔹🔹 + +##8. THE GREAT RESET + +##9. CRYPTO MARKETS + +##10. NEGATIVE SENTIMENT + +##11. CONCLUSION +*** +*** + +*If you already know a decent amount about BlackRock and Aladdin then feel free to start at section 4.* + +Otherwise buckle up and let's get on with this! + +*** +*** + +##1. WHAT IS BLACKROCK? +- BlackRock (BR) is a massive international investment company that's been around since 1988. They have $9 trillion in assets under management (according to latest 2021 figures) and they use the money from investors to buy assets, such as shares, exchange-traded funds (ETFs), bonds, real estate etc. + +- They charge fees for their services and their investors are typically very wealthy. They take a strategic approach offering bespoke portfolios based on the needs of individual customers. Just like Fidelity, BlackRock is very customer oriented and while their main goal is to make money for their clients, they do this is a controlled and measured way aiming to maximize returns while minimizing risk. + +- Hedge funds differ from the above approach in that they use high-risk investment strategies in the hopes of getting massive returns. A favourite hedge fund tactic is obviously naked shorting, which is highly profitable when it works (tee-hee). I'm gonna be blunt here and assume if you're investing with Shitadel, you don't really get a choice where your money is used. BlackRock is starting to offer portfolios which contain only eco-friendly companies, but I imagine with Shitadel your money just gets dumped in a big pot to be used for shorting or investing in mayo. + +- BR manages about $1 trillion of pension and retirement funds for millions of Americans, which shows just how many large investors trust BlackRock. Their stock portfolio currently shows over 5k companies with a combined value of $3.4 trillion and they own over 10% of equity in hundreds of large companies (Gamestop included). + +- **Did you know that as of 2021 BlackRock is no longer the largest asset manager in terms of assets under management? The new top dog is:** >![**Fidelity with $10.4 trillion in AUM**](https://i.imgur.com/LbdqeTc.png)!< + +- If you search "BlackRock controversial" you'll get hundreds of horrible sounding points which on face value may make you not want to trust a company like this. I will be addressing a lot of these in this post *but* my goal here isn't to convert you to trust BlackRock or even to like Larry Fink who runs it, only to educate you on some points you may not know. + +**SUMMARY:** BlackRock is a huge investment company managing trillions of dollars of investment. + +*** +*** + +##2. LARRY FINK (the man in charge) +- Mr Larry Fink is a 68 year old gentleman who started working on Wall Street when he was 23. He's built himself up to be one of the most powerful men in the US, but he seemingly prefers to stay out of the spotlight. I bet a lot of you reading this have never even heard his name before (I certainly hadn't until recently). + +- Fink founded BlackRock in 1988 with the help of some others. Vanity Fair wrote a pretty **in depth piece on Fink which you can** [**find here**](https://www.vanityfair.com/news/2010/04/fink-201004), that's definitely worth a read if you get the chance, I will be pulling a lot of bits out of that article but I probably won't do his full background justice + +- Fink studied real-estate finance and later received offers from top investment banks. He chose First Boston and worked trading bonds and later with mortgage-backed securities. Over the next decade he built a name for himself and **helped develop the multi-trillion-dollar debt-securitization market** that transformed the face of finance. Unfortunately this later helped bring the economy to its knees in the 2008 crisis, but inherently it was a good innovation and initially made housing more affordable and made money for his company. + +- Over time he helped make $1 billion for First Boston and many believed that he would eventually go on to run the firm, but **unfortunately in the second quarter of 1986 his department lost $100 million**. Almost overnight, Fink says, he went “from a star to a jerk.” People stopped talking to him in the hallways; he was ostracized. + +- "It was very painful," Fink recalls. "I was not treated as a partner or with the dignity that I expected. Relationships changed and that was difficult for me to handle," he says. "As a result," during the two years before he left First Boston, "I was losing my self-confidence." Leaving was very difficult. "I loved First Boston," he says. Even now, 22 years later, he is visibly upset remembering the time, gripping his chair so tightly his knuckles are white. Fink says he didn’t know what to do next; all that was certain was that he was tired of Wall Street—of the way it treated people, its employees and its clients. + +- He says **he lost money at First Boston because no one really understood the risks involved**. The computer systems were inadequate, and so were the programs that measured the impact of key variables such as changes in interest rates. "We built this giant machine, and it was making a lot of money—until it didn’t," Fink says. "We didn’t know why we were making so much money. We didn’t have the risk tools to understand that risk. It’s what I tell everybody today: you should analyze your portfolio just as much when you are making money, because you could be taking on too much risk". Seared by his fall from grace at First Boston, **Fink vowed never again to be in a position where he did not fully understand the risks he was taking in the market**. + +- Fink went on to form BlackRock in 1988 and operated within Blackstone (not his company), he was given a $5m line of credit and turned this into $20b over the next 5 years. He had a disagreement with a partner over control of the funds and he split off from Blackstone to run BlackRock by himself, his company boomed and went on to become the largest asset management company on the planet. + +- Many CEOs began turning to Fink for advice and during the 2008 crash the then chairman of the New York Fed called Fink personally for help in managing the $30 billion of toxic assets that the Fed took over. During the crash itself all funds across the market were hemorrhaging billions, and **Fink said that the government needed to step in and guarantee them before the credit market collapsed, which the Treasury Department did within hours of Fink’s call**. + +- If I understand that point correctly, **Fink is the one that made the 2008 bailout happen**. Imagine the power involved where someone can suggest to the government that they spend over half a trillion $ to halt a crash, and having that happen within hours. + +- It is hard to understand Fink as a person unless you spend time watching him in interviews and reading tons of background on him, but [**here's some character testimonials**](https://i.imgur.com/4zRlIG7.png) from the above article if you haven't read them already. + +- I want to finish this section by talking about one of BlackRock's biggest financial mistakes, the iconic Manhattan housing complex Stuyvesant Town and Peter Cooper Village. This deal cost $5.4 billion and went into default very quickly. Investors who bought equity in the deal also lost their money, including the $200 billion California Pension and Retirement System (calpers), the nation’s largest pension fund, which effectively lost $500 million. + +> At the mention of these blunders, Fink, who has been sprawled in his chair, suddenly stiffens. His voice takes on a harsh tone that is leavened only by his visible anxiety. **“When you manage money, you are going to make mistakes. You are not going to be 100 percent perfect. Our job is to minimize those problems, to cauterize them,”** Fink says, his voice rising. **“We’re not perfect, and I’ve never said to anyone that we are going to be perfect.** Our investors had all the information we did and they did their own due diligence.” He exhales deeply. “Our real-estate division is struggling because of bad performance, and we’re making changes. I don’t care if the whole industry blew up, our job is to do better than the industry, and we didn’t in real estate,” he says. **“I am not making excuses. I lose sleep over these problems.”** The Stuyvesant Town loss was “an embarrassment,” he says. Then his voice drops to a whisper. **“I mean, my mother gets her pension from calpers.”** + +- Whether you believe Fink's words or not, to me he comes cross as an honest down to Earth person who shows remorse over his mistakes. I highly doubt mayo man Ken would lose sleep over his bad business deals, nor would he feel remorse if one of his deals affects his mother's pension fund. To me these two men come across as stark opposites. + +**SUMMARY**: Fink is good at what he does (making money), he's likeable and honest and seems to show remorse over bad decisions. He was forced out of a company he loved because of a bad trade and he vowed to always know the risks involved in the future. He became the go to guy for many CEOs and even the US government. + +*** +*** + +##3. ALADDIN & RISK MANAGEMENT +- What distinguishes BlackRock from other investment companies is its state-of-the-art system for evaluating and managing risk. Aladdin is a system of 5,000 computers running 24 hours a day, overseen by a team of engineers, mathematicians, analysts, and programmers. This computer farm can monitor millions of daily trades and scrutinize every single security in its clients' investment portfolios to see how they would be affected by even the most minor changes in the economy. Apparently as of 2020, Aladdin managed $21.6 trillion in assets. + +- In 2000, BlackRock launched BlackRock Solutions, the analytics and risk management division of BlackRock. The division grew from the Aladdin System (which is the enterprise investment system), Green Package (which is the Risk Reporting Service) PAG (portfolio analytics) and AnSer (which is the interactive analytics). Through BlackRock Solutions, customers pay for advice on the markets and can test their portfolios in the risk systems. This division now has about 140 clients, the best known of which happens to be the U.S. government. **Yeah, the freaking US government pays BlackRock for market advice.** + +- Aladdin can simulate every imaginable shift in interest rates, every conceivable change in the financial markets, and stress-test the performance of hundreds of thousands of securities in numerous global-crisis scenarios. Here's a thought, you know those liquidity tests being done on Shitadel & Co? I'd wager that Aladdin might be the system being used for those. + +- [**This article**](https://www.businessinsider.com/what-to-know-about-blackrock-larry-fink-biden-cabinet-facts-2020-12?r=US&IR=T) says "Vanguard and State Street Global Advisors, the largest fund managers after BlackRock, are users of Aladdin, as are half the top 10 insurers by assets, as well as Japan's $1.5tn government pension fund, the world's largest. Apple, Microsoft, and Google's parent firm, Alphabet — the three biggest US public companies — all rely on the system to steward hundreds of billions of dollars in their corporate treasury investment portfolios." + +- The overall point I'm making here is that Larry Fink seems true to his word in that he takes risk seriously. BlackRock seems to be the exact opposite of a hedge fund like Shitadel which seems happy over-leveraging themselves on positions with potentially unlimited loss, I can't see Larry Fink doing that any time soon. + +**SUMMARY:** Fink has clearly become one of the most powerful people in finance, he's created an incredible risk assessment system and has US officials coming to him personally for advice. BlackRock's Aladdin system may be the one the government is using to do the liquidity tests on Shitadel & Co, either way BlackRock and Fink are likely highly aware of what's happening with Gamestop, so let's go on to explore GME's ownership over the years including BlackRock's involvement in this. + +*** + +*** + +## 4. GAMESTOP INSTITUTIONAL OWNERSHIP + +- First point I want to make here is about BlackRock’s overall portfolio value. They’ve been the largest asset management company for a while but according to their 13F filings their securities portfolio only seemed to really boom at the start of 2017 [**as seen here**]( https://i.imgur.com/BoDFvIs.png). For this reason I’m mainly only going to be looking at Q1 2017 and onwards. + +- [**Here's a graph of GME institutional ownership going back to 2017**](https://i.imgur.com/f8y4R3z.png). Yeah that’s a lot to take in and it might not be very clear if you’re on a phone (apologies). A caveat here is that there could be smaller companies with GME that I can't trace (without trial and error through thousands of 13f reports), but I hopefully caught most of the big ones. **Here's some observations I can see straight away**: + +- **1.** BlackRock and Fidelity held the largest GME positions for the majority of the last 4 years. + +- **2.** UBS never really has a large GME position despite being the 3rd biggest asset manager in 2020, so I will rule them out of any further analysis. + +- **3.** BlackRock, Vanguard and Fidelity all pretty much stay level or increase their GME positions until mid 2019 and then start to sell. I wonder why that was? + +- **4.** Fidelity & Dimensional both have large GME positions for 4 years then they decide to sell ALL of their shares in Q1 2021, that seems odd. + +- Now to make it clearer let's sum institutional ownership together, compare this to share price and include the total outstanding shares, [**all of that all looks like this**](https://i.imgur.com/lKfwMQH.png). Ok, that's easier to follow and straight away I'm seeing a reason why institutions began selling GME in 2019, **Gamestop underwent a massive stock buyback** where they reduced their total shares from over 100 million to around 65 million, here's how it went: + +Date | Total Shares Outstanding +:-- | :-- +Jun-19 | 102.27 million +Sep-19 | 90.46 million +Dec-19 | 65.92 million + +- I’ll talk about this stock buyback further a few paragraphs down, but let’s finish analyzing the graph first. The other thing that stands out to me is the **inverse proportional relationship between institutional ownership and price**, [**here's some comments to show you what I mean**](https://i.imgur.com/AQSad8R.png). **Why would price drop as institutions buy more shares?** Increased demand should push the price up, not vice versa. Maybe it was the public selling off and lowering the price, but then why would institutions buy more? They seem to be investing in an failing stock, so what are they getting out of it? **The only conclusion I can come to here is that GME was being shorted as far back as 2017**; it seems institutions were buying stock and immediately lending this out, Shitadel borrowed this and shorted it dropping the price. Further evidence of Gamestop being shorted is seen when institutions start selling from mid 2019 to the end of 2020 which seems to make the price shoot up, this is likely because their lent shares had been used in shorting and when they recalled those shares to sell it forced closing of short positions pushing the price up. + +- Institutions can make a lot of money lending shares, [**as this chart about BlackRock shows**]( https://i.imgur.com/5hiFyUW.jpg). Back in 2018, Elon Musk called BlackRock out for their share lending program claiming that they were helping short sellers. Apparently our very own Mr [**Dave Lauer defended BlackRock's actions here**](https://i.imgur.com/6yL8fuU.jpg). Dave is correct here (as he usually is), lending shares is not in itself an issue, it creates additional revenue stream for the lender and there's no guarantee shorts will succeed if they do use the borrowed shares for shorting. It's like trying to blame the cashier who sold a knife at Walmart if that gets used in a crime. I know that there's a lot of contention about share lending on Superstonk, but I honestly believe that the MOASS wouldn't be a possibility if share lending hadn't happened. + +- Now let’s examine the [**stock buyback**](https://i.imgur.com/hAAUbHX.png) in 2019. [**This article**]( https://www.businesswire.com/news/home/20190819005633/en/Scion-Asset-Management-Urges-GameStop-to-Buy-Back-238-Million-of-Stock-with-Cash-on-Hand) talks about **Dr Michael Burry’s letter** that he sent to Gamestop’s Board of Directors in 2019, in that letter **he urges Gamestop to buyback 80% of their outstanding shares**, he points out that GME shares were at a record low price yet volume for GME was rising. He goes on to mention that 60% of the shares are shorted and that Gamestop’s cash levels are much higher than the current market cap from the stock, so it all points to poor capital allocation by Gamestop’s management. He says that them doing a stock buyback would be a bullish move and could help start turning Gamestop around, I believe DFV draws on these points in his original Gamestop thesis. I don’t know if this is worth mentioning, but Dr Burry starts his letter by saying he owns 2.75 million GME shares, [**but he had only held these for 2 months**](https://i.imgur.com/bmzMo9L.png) at most when he wrote that letter, so he doesn’t seem to be a deep value investor here, to me it suggests he saw this as an opportunity for a squeeze and wanted to take advantage of that. + +- Let’s take a quick look at **what stock buybacks are** (feel free to skip this paragraph if you already know). [**Investopedia**]( https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp) covers it well, firstly a stock buyback is not the same as a stock reverse split even though both reduce the number of shares available to investors, this is because **with a buyback the issuing company is actually using company money to buy the shares to reduce numbers and this pushes the share price up**, whereas in a reverse split the amount of shares is reduced without any shares being bought so that technically keeps the value the same. With a stock buyback **the issuing company can purchase the stock on the open market or from its shareholders directly**. In recent decades, share buybacks have overtaken dividends as a preferred way to return cash to shareholders and though smaller companies may choose to exercise buybacks, blue-chip companies are much more likely to do so because of the cost involved. This will be why Dr Burry recommended this method, Gamestop had the cash on hand to do this and it would have gone on to push the share price up (allegedly), and because companies will announce stock buybacks before they happen this has a knock-on effect where investors will FOMO into the stock thinking that it will go up in value pushing the price up further. **This means that one of the greatest advantages of a stock buyback is that it hurts short sellers**, simply because overall supply of the stock is reduced so that will push the price up meaning short positions lose money (on paper). **Overall stock buybacks are a bullish move**. + +- Gamestop went through with the stock buyback (whether at Dr Burry’s suggestion or not) and reduced their total shares from around 102 million to 65 million. [**This pushed the share price up (although only slightly)**](https://i.imgur.com/ID4eSC2.png) and it seems [**institutional ownership dropped by 5 million shares to help complete the buyback**]( https://i.imgur.com/obqQf88.jpg), that suggests Gamestop bought the majority of the 36 million shares on the open market and got some help from institutional investors. Let's take a closer look at [**which companies sold GME during this time**](https://i.imgur.com/CceC0r3.png), so quite a few including Dr Burry's company Scion, but BlackRock and Fidelity sold the most by far with 5 million and 6 million shares respectively. But [**why would BlackRock & Fidelity sell at this time after holding through a price crash for years?**](https://i.imgur.com/Lpnt1Mj.png) Both of these companies had held millions of shares when the price was around $25, so **to now sell around $5 means they would make an 80% loss. Were they just helping Gamestop out here?** I tried to research if companies are obligated to sell during a buyback like this, but nothing I found suggests that's the case. It seems if Gamestop was unable to get the full 36 million shares they wanted then they simply would have had to buyback less stock. + +- Little side note here, an investment company called Hestia-Permit group jumped on board buying a bit over 3 million shares during this time (which doesn't seem helpful when a company is trying to buy back stock). [**Hestia had made some sort of deal with Gamestop**](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-agreement-hestia-capital-and-permit) allowing Hestia to vote in some specific board members. In my opinion Hestia likely wanted to push the idea of the stock buyback and thought they'd have more sway with board members to get this passed, if this is true then Hestia likely just wanted to make a bit of quick profit like Dr Burry seems to have wanted too. + +- Let’s move forward in time a bit, the next big player to join the scene was Ryan Cohen where he started buying shares in Q3 2020, he initially buys just over 6.5 million shares at first and then increases that to 9m by the end of Q4 2020 (last Christmas). I want to look at how Ryan Cohen (RC) joined the scene, Gamestop had completed their stock buyback and had reduced the free float by 36 million shares, which isn’t good when someone wants to swoop in and buy a ton of GME. This makes it seem that some institutions had to sell their shares to RC so he could come on board. [**This graph shows which companies likely sold shares to RC**](https://i.imgur.com/y0qSTkF.png). So Hestia and Scion sold big chunks of GME (around 6 million) but these two had only held their shares since Q3 2019, so about a year at this point. During that time [**GME share price remained mostly flat (in the long run)**](https://i.imgur.com/05ym6UB.jpg), to me this adds credence to the idea that these two companies did get on board to take advantage of the stock buyback, it obviously didn’t pay off as they thought so they sold in bulk. There are theories floating around that Dr Burry would not have wanted to have held GME during the Jan squeeze, because he could be liable for another lawsuit just like after 2008 and like what happened to DFV. Whatever the reason Dr Burry & Hestia sold, they had held for a year and pretty much broke even. But **BlackRock sold 2 million shares seemingly at an 80% loss again, they were definitely under no obligation to sell shares to RC, so were they doing a favor for RC?** If so then it seems BlackRock first helped Gamestop with their stock buyback and then they helped RC get his GME shares, both time at great cost to themselves. Was this a part of some greater plan? + +- Q3 2020 ends and RC has 6.5 million shares, but we all know he ends up with 9 million, so where do the other 2.5 million come from? The eagle eyed among you may have spotted [**this before**](https://i.imgur.com/yfdC4AL.png), yeah Gamestop releases more shares at exactly the time RC wants to buy more. [**Let's take a closer look at that**](https://i.imgur.com/jnix50b.png). **Gamestop made 5 million more shares become available and RC increases his position by 2.5 million from this**. Was that really just a coincidence? Gamestop just happened to release more stock at exactly the time Ryan Cohen wanted to buy more? [**Here's Gamestop's SEC filing for this share release**](https://news.gamestop.com/node/18351/html), so from reading that we can see that Gamestop sold these shares on the open market and that they were planning to use the money *"for working capital and general corporate purposes, which may include funding our ongoing digital-first omni-channel growth strategy and product category expansion efforts."* This really seems to me that Gamestop helped RC out here. + +- Last Christmas ~~I gave you my heart~~ [**top GME ownership looked like this**](https://i.imgur.com/A7Quxq1.png), with BlackRock, Fidelity and Ryan Cohen all holding 9 million GME shares with only a 275k range between them all. **What Fidelity and Dimensional Fund Advisors did next blew my mind at first**. Going from Dec-20 to Mar-21 these 2 companies sell practically *ALL* of their GME shares after holding these for years through the price crash, [**seriously look at this**](https://i.imgur.com/4AgPF1y.png) and then [**this is how long they had each held for**](https://i.imgur.com/HN5Byn5.png). I don't think it takes too much guesswork to see why they sold at this time, price was at the highest point it had been in years (likely from RC's buying pressure plus there would have been a lot of share recalls around this time pushing the price up). But **here's another reason why these 2 companies might have wanted to sell around this time**, check out **/u/Bladeace** 's post called [**The NYSE threshold list: collapsing shorts and launching the MOASS**](https://reddit.com/r/Superstonk/comments/oao9oo/the_nyse_threshold_list_collapsing_shorts_and/), that's an amazingly well written post talking about the 'threshold securities' list, here's a snippet: + +> The New York Stock Exchange provides a list of ‘threshold securities’, which are securities that are regarded as difficult to borrow due to a large number of recent failures to deliver. When a security is on this list, there are limits on a market maker's ability to short sell the security in question and obligations regarding delivery requirements. + +- **/u/Blaceace** includes [**this chart**](https://preview.redd.it/yfmbrye3lb871.png?width=685&format=png&auto=webp&s=c28e1c25971667b38fc8717aba790de881771e86) which shows just how bad the Gamestop FTD issue was around this time. So the GME lending market is getting choppy and it seems **Fidelity and Dimensional have had enough at this point and decide to sell their shares. That means they first have to recall them** from Shitadel & Co but remember Fidelity and Dimensional have likely had their shares lent out for the past 4 years. **Question: do you think the borrower (Shitadel & Co) only sold on 1 share per every share borrowed, or do you think they sold many shares in some form of rehypothecation abuse?** My opinion is definitely the latter. + +- The only evidence I have for this next point is circumstantial but **I’m really starting to believe that Fidelity (with the help of Dimensional) caused the Jan squeeze**. I'm well aware that that's a bold claim, I mean these 2 companies only held 13 million GME between them in December 2020 and the squeeze saw days of up to around 200 million volume, so that doesn’t add up. [**Here’s GME volume around the time of the squeeze**](https://i.imgur.com/qecs1MB.jpg) so yeah some crazy volume days. If you sum up GME volume by month it looks like this: + +Month | GME Volume +:-- | :-- +Sep-20 | 254m +Oct-20 | 360m +Nov-20 | 161m +Dec-20 | 251m +Jan-21 | 1262m + +- Looking at the average volumes per month, **Jan 2021 probably saw around 1 billion more volume than usual**, for a stock with 70 million shares that's a ridiculous increase. To me **this was likely tied to Fidelity and Dimensional recalling their 13 million GME shares**. Is it insane to think that over 4 years, the shorts re-lent Fidelity's & Dimensional's GME shares (1 billion / 13 million) = 77 times over? All that would have to look like is this: Melvin borrows 13 million GME shares, then says "Hey Susquehanna, I have 13 million GME shares on my books, want to borrow these off me?", Susquehanna borrows them, then says "Hey Ken bro, we have 13 million GME shares on our books, want to borrow these?" rinse and repeat 77 times, then those companies can all sell the shares on their books to crash the price. Plausible? If so it's easy to see how Fidelity & Dimensional were holding up a tower of GME 1 billion shares high and them recalling the original shares meant it all came crashing down like a house of cards. + +- Apparently Fidelity didn't just sell off their GME at this time, they did the exact same thing with 21 other stocks which all squeezed in January. I've unfortunately run out space on this post so I'll cover that properly in the next section. + +**SUMMARY:** I looked at GME ownership going back to 2017, it's pretty clear Gamestop has been shorted since at least that far back as the price was dropping despite institutional ownership increasing. BlackRock had held millions of GME since 2017 when the price was around $25 and later sold millions of shares to Gamestop and Ryan Cohen when the price was around $5, so this came at great cost to them, was BlackRock just helping Gamestop and RC out here? Fidelity and Dimensional Fund Advisors sold all their GME in Q1 2021 and I believe this caused the Jan squeeze. I finished by saying Gamestop wasn't the only stock Fidelity dropped at this time that underwent a squeeze, we'll explore that idea in the next section. + +##[Continued in Part 2](https://reddit.com/r/Superstonk/comments/ommfz1/blackrock_the_great_reset_part_2/?) +Looking for "must haves" and general advice for a kitchen and master bath remodel. The value of our home is approximately $900k in the DFW area (is DFW MCOL?) I am thinking it will cost approximately $150-200k for kitchen, flooring, and master bath but we haven't had a proposal yet. My current thoughts are a built-in fridge and plumbed-in water connection for an espresso machine. +The technology in the Cryptocurrency space will continually evolve and there will always be a next "Bitcoin killer" or a "Better Bitcoin". Then there will be a killer of the "Bitcoin Killer". This can go on forever and we'll be lost on the way. + +The true value of the first Bitcoin lies in the legacy and it has intrinsic factors that can not be recreated again. What Satoshi invented would be impossible today. There is no CEO. There is no founder. There is no single attack point. Same cannot be said for the rest of the next generation cryptos. + +The value of this cannot be understated. +(I started writing this yesterday April 19th, and finished it today) + +I think we all agree: 2020 was Easy Mode for Selling Options. 2021 is Hard Mode for those still playing. + +With the market continuing to drop, CSPs making money were originally sold way OTM for pennies, or are now ITM, Assigned, and stocks wheeled. Just selling CSPs isn't the surefire profit method it once was. The VIX is laughing sitting at 17 and premiums on some stocks is all but gone, so now what? + +It looks like my account balance is going down as everything slowly bleeds, but there is a positive way to look at it: Current Cost Basis and Collateral. This is now a very long game, as everything recovers, it may take a while. We are looking at months or longer on most of our plays. + +Cost Basis and Collateral won't go down on a market drop, so this is a truer gauge of the account then -1.3% today even though I closed Options for Profit and bought more shares. (I'll give an example below of where I'm tracking and how.) + +I'll admit my 2020 strat was "sell a CSP, stonks go up, profit". Not true anymore. I've inevitably been assigned (at higher prices) on most of my CSPs. There are still ways to profit and this is how I am. + +1. Everyone knows the mantra: 'Sell Calls on Green Days and Puts on Red Days'. Even more true now, since we need that delta movement to help with option prices. I really wanted to sell a few RKT CCs today but it dropped lower than where it was on Friday. The delta move from a green day is worth way more than the theta decay of today. Waiting a day or two, is the best choice. +2. I have narrowed down my list of underlyings currently, so I am not chasing the stocks. It feels like everything is down, so I picked about 7 stocks I'm comfortable with, which has dropped, and I believe will recover. Timeframe is uncertain, but this is a long game. Here's where I get the downvotes, stocks I'm currently playing: RKT, DKNG, TNA, MARA, PLTR, WKHS, and SPCE. My money, my choice. +3. Covered Strangles, my new favorite weapon. Have an affordable CSP along with however many CCs I have shares for. Pick a good number for the CSP to collect premium from, and hopefully, close when it is profitable. 50% preferred, or in this market, ride the waves. If the underlying breaches the CSP, horizontally roll it if the thesis is the CSP was a good Strike. It may be several horizontal rolls before closing. You can't get assigned if the CSP never expires. +4. The urge to add to the account to average down is there, but why put more cash into the account to catch falling knives? This is ThetaGang and we sell premium. So looking at #2 (I picked my underlyings), let's take the premium and buy shares to average down. We are fine with Assignment on the underlying at the Strike, so why not continue to average down if the CSP is breached. This especially works on a high bad assignment, and I'm working on the next several weeks (months) to break even, or if it sits at a value price, I'll just keep accumulating. It's worked so far. + +Actual numbers: + +* Took Assignment at $37, then it tanked. Averaged in at $14.50x100 and playing a Strangle at 13P. The DKNG, MARA, and TNA premium as well as WKHS premium have gone to shares, and I have 268 shares @$22.4301 Average Cost. So much for the 100@ $37. This might be a long play with WKHS still at $12/share, but another 32 shares is another CC. Another 100 shares @$13 brings my Cost Basis below $20/share. +* Same with RKT, started with 275@$19.80. Currently hold 367@$23.9433. A gain of 60% of the original buy-in. The share accumulation helped when the $1.11 Special Dividend happened. I held 345 shares at the time of record. +* Currently also at 109 SPCE @ $43.53 (45P assigned earlier) +* 103 PLTR @ $33.6694 (34P assigned earlier) + +As I said, Total Liquidity should always go up, so even though my account says $31.8k, total value is $41.6k, just have some underwater stocks for a bit. +There are several reasons why being comfortable trading futures and futures options are very beneficial to your overall trading success. I would like to outline a few of those benefits. + +**What is a futures contract?** + +It is an agreement to sell or buy something in the future at a pre-determined price. The buyer and seller of the futures contract are locking in the purchase price in the future so no matter what the price may actually be in the future they have agreed today to do this transaction at a set price in the future. All futures contracts have expirations, like options but they trade very similar to equities that you are used to. + +**What are options on futures contracts?** + +They behave very similarly to options on SPY, APPL, TSLA or any other common name. They have greeks, expirations, OI, etc... not going to go too much into this here. You know what options are. + +**So why trade these options on futures if they are the same as options on products I am more familiar with?** + +1) Span Margin - In summary it is a way to calculate risk on a trade and lets you use less buying power than you normally would in say a ETF or equity position. This lets you have a higher return on capital. + +Selling a .20 Delta E-Mini S&P May 21 Exp. option only eats up $8,171 in buying power while giving me a credit of $1,450. + +[$1450 credit \/ $8171 BPR = 17&#37; ROC if held to expiration. ](https://preview.redd.it/iqif2x85nys61.png?width=881&format=png&auto=webp&s=9f41cf840c748137514eeae279d22889e4ea6618) + +Now if I try to collect the same $1,450 using SPY options, using the same .2 Delta, same May 21 exp. that will cost over 30k in BPR. + +[$1,450 credit \/ $30,280 BPR = 4.7&#37; ROC if held to expiration. ](https://preview.redd.it/3z6isyq3rys61.png?width=868&format=png&auto=webp&s=27ba577b2dcf47452dc83f80fee108faec39819b) + +2) Pure Market play - no company exposure. Playing futures and futures options limits the exposure to single company black swan events. The 'dick pick' dilemma is greatly reduced. I find this comforting that no one fraud case, management team or board can blow a trade for me. + +3) If there is a market wide black swan event I can be in or out before you can with an equity position. Futures and future options trade 23 hours a day 5.5 days a week. The times they open and close are a bit wonky so I will link to them [here](https://www.cmegroup.com/trading-hours.html), but having access to my positions more often is always a plus. + +4) Not a CPA or tax professional and don't play one on TV but in the USA futures and options on futures fall under IRS Code Section 1256 which basically splits the profit 60/40. So 60 of the profit is taxes at long term capital gains and 40% is taxed at short term capital gains. Even if you hold it for 2 days it is still 60/40 split long term to short term cap gains. So my /ES future vs SPY trade I get to keep more of the profit I made while using less buying power for the same delta, same expiration trade. + +There are other minor benefits such has IRA friendly, less assignment risk, etc.. but those are the main benefits. + +**Aren't like futures on corn, wheat, and soy beans - this guy thinking I'm farmer John out here...** + +You are correct there is dozens and dozens of futures market and to be honest I know very little about of a lot of them and 95% are not really tradable because 1) they don't have options 2) low volume and open interest 3) the products are just to big in nature for retail traders to trade. There are futures on currencies, bonds, indexes, agriculture products, metals, energy and more... + +I stick to what I know, these are tight bid/ask, good volume and have related ETFs products that you are familiar with. + +/ES which is the S&P, moves just like SPY + +/NQ which is the Nasdaq, moves just like QQQ + +/GC which is Gold moves just like GLD + +/SL which is Silver, moves just like SLV + +/RTY which is Russell 2000, moves just like IWM + +**Some drawbacks to futures and options futures trading:** + +Leverage - One /es contract controls about $200,000 worth of notional value. Just because you are using less buying power doesn't mean there is less risk. + +The expiration cycle - some options on futures are cash settled meaning you just square up and close out the trade with the counter party. Some options have assignment where if it is ITM you are now the proud owner of a futures contract. And if the option and the future expire in the same month that is a different expiration. + +Delivery Risk - This is the old story of 1000 barrels of oil showing up at your door. Very unlikely to open has your broker will probably close the trade on your behalf before this happens but a risk none-the-less. + +Obviously do your own DD, do not go out and trade a futures options based on a random guy's internet post but wanted to get the community thinking about how to better leverage your time and money. +I'm not ready to buy at the moment but I also don't want my money sitting in a low yield savings account. At the moment I'm not quite sure whether I'd prefer to pay cash on a 4plex or below or use the money for down-payment on something multi-family. Any suggestions on best places to hold this money? +Hey everyone, I'm planning to buy a duplex/triplex/fourplex within the next 14 months (really whenever one pops up and the numbers and pricing make sense in that time span). I'm wondering if anyone has experience using 10% down on a conventional? I have enough to put 20% down but I'm young so I'd prefer to leave that in riskier investments that will have a much higher yield than possible with what I'd save in payments on the difference. Going to work with some local banks next week. +https://np.reddit.com/r/btc/comments/7jt1tp/i_am_searching_for_an_android_bitcoin_cash_wallet/dr8ybxy + +Roger Ver alias /u/memorydealers who owns and operates bitcoin.com does not explain why this wallet behaves this way. + +Anyway, there is no reason! If a wallet cannot generate a private key due to missing network connection, it is either due to malware or due to incapable developers. Both is bad for a Bitcoin wallet, so stay away! +Haven't had a Job since Lockdown started in March. Kept digging through my savings of Cash and Gold for 10 months now. Never had the heart to touch my Bitcoin and Ethereum portfolio even though it is in 5 Digits. + +I was wondering what to do for the rent, for a week now. And just remembered I had over 14000 Moons here in r/Cryptocurrency. Sold them and made my rent. It was like a stone lifted out of my chest. Not able to find the right word for this feeling. + +Have an interview on Jan 20th scheduled. Hope I land a Job. Wish me luck. I'm not touching my Crypto portfolio till the end of the year! + +I am grateful to this sub, who have tolerated my posts. You all have put a roof over my head for a month! Grateful! +As title says what is your stocks, bonds, property, cash, crypto, other (feel free to specify!) breakdown? + +I’m curious to see how people have their assets weighted between different asset classes at the moment. + +I think I'm about 45% Stocks, 35% Property, 20% Cash, + +*Edit, as others have suggested, adding any other info you're comfortable adding will make the numbers more meaningful, such as age, annual income and total investment value...* + +And because I need more than 400 characters or this post gets deleted, feel free to say if you have any plans on changing this % split any time soon, maybe you are high cash at the moment as expecting a market pullback soon, in which case will move cash to stocks then etc. +As title says what is your stocks, bonds, property, cash, crypto, other (feel free to specify!) breakdown? + +I’m curious to see how people have their assets weighted between different asset classes at the moment. + +I think I'm about 45% Stocks, 35% Property, 20% Cash, + +*Edit, as others have suggested, adding any other info you're comfortable adding will make the numbers more meaningful, such as age, annual income and total investment value...* + +And because I need more than 400 characters or this post gets deleted, feel free to say if you have any plans on changing this % split any time soon, maybe you are high cash at the moment as expecting a market pullback soon, in which case will move cash to stocks then etc. +Don't buy! Be wary of Chinese stocks trading on American exchanges with low market cap this morning. If you are being told by some stranger online to buy , wake up! It's a scam. If you bought, sell it immediately before it collapses. + +A couple of months ago I posted about a pump and dump orchestrated by a scammer group that targets people through social media (mainly Canadians). This is happening again this morning.I'm posting here in the hopes that this post will show up whenever someone searches $TIRX online, as there isn't much information about it out there. + +There were a lot of victims last time this happened. As a reminder, check in with your parents and people care about and make sure their financials are secured. + +You can look at my previous post or message me for information about how the scam is conducted.[https://www.reddit.com/r/CanadianInvestor/comments/lamhfh/psa\_incoming\_pump\_and\_dump\_targeting\_canadians/?sort=new](https://www.reddit.com/r/CanadianInvestor/comments/lamhfh/psa_incoming_pump_and_dump_targeting_canadians/?sort=new) + +EDIT: For anyone wondering about this stock after April 12th, the scammers don't seem to be involved anymore. They are not asking victims to buy this anymore. This doesn't mean the stock is safe from volatility as the full effects of the dump take several days to realize. +Hi all, I'm re-building my investments after buying a house and getting my pension from a previous employer transferred to me. I'm curious about how people decide what types of investments to put in their different accounts. I'm mostly curious about the different registered accounts, but would be interested to hear about registered vs. non-registered too. + +For example, I'm interested in having a few index ETFs for exposure to the total market, but also would like some individually-picked dividend stocks (I don't like the sector allocation of ETFs like VDY). Does it make sense to have one type of investment in a particular account? Or would I better to use the same allocation for each account? For portfolios with individual stocks, I could see rebalancing being a pain if I had to do it for TFSA *and* RRSP *and* RESP. + +Thanks in advance! +https://finance.yahoo.com/news/ubereats-grubhub-doordash-delivery-185822086.html + +One jarring finding: 28% of deliverers said that they have actually eaten food from the orders they were supposed to deliver. + +On average, survey respondents were willing to spend $8.50 for delivery fee, service fee and tip combined. Ninety-five percent of people tipped deliverers regularly and think $4 is a good amount to tip on average, according to the study. Half of those surveyed said that they tipped on a per cost basis, while 25% tipped a set amount, and 25% tipped a set percentage of total. + +The biggest complaints among customers? Food that’s not warm and fresh took the top spot, followed by late food and incorrect orders. And in order to ensure freshness and quality, 85% of customers said that they would like the restaurants to provide tamper-evident labels. +The trade tussle between China and Australia has taken a dramatic new turn. Chinese buyers of apartments in Sydney and to some extent in Melbourne have suddenly reduced their buying. + +Early in the year, when COVID-19 was ravaging China, there was a sharp reduction in the Chinese apartment buying. But in March, as the crisis eased, Chinese buyers returned in significant numbers in Melbourne, Sydney and Brisbane, despite the threats from the Chinese ambassador. While the buying is being executed by locals, they have close links to those on the Chinese mainland. + +But suddenly, as the crescendo of controversy over Australia’s role in calling for an independent investigation of COVID-19 intensified, the Chinese buying was curtailed. Last night the owner of Australia’s largest apartment owner and builder, Meriton’s Harry Triguboff, confirmed that the Chinese buying had fallen off. + +No one can be sure but it would seem that this is a third warning shot for Australia following the hold up of meat from four abattoirs and the 80 per cent tariff on Australian barley. + +But apartments are different because the buying is driven by individuals, often linked to local Australians. Significantly the buying has not stopped, but reduced. + +That April buying also led to optimism for the long-term future for Chinese students studying in Australia. The latest fall adds to extra risk in our tertiary student sector. + +First home buyers hit + +The contraction of Chinese buying comes at a bad time because Australian buyers, and particularly first home buyers, our now only token players in the market. + +At the start of the year and they were strong but the jobs impact of COVID-19 has been severe. + +While Meriton is continuing with projects already started, the great inner city apartment building boom in Melbourne and Sydney is now well and truly over. To restart it will require a whole new approach by regulators and state governments to slash the costs that they impose. There are some signs that NSW has finally woken up but it has taken far too long. + +Meanwhile the value of apartments has fallen markedly and COVID-19 restrictions have substantially reduced the ability of Australians to pay rent at the levels they once had. + +In many areas of Australia, led by Sydney, rents down about 20 per cent in apartments and many cottages. If rents stay down, this will build up selling pressure from those with highly leveraged investment properties who are currently benefiting from banks not foreclosing. + +Many Australians have been unhappy about the upward pressure the Chinese buying has exerted on dwelling prices. The withdrawal of Chinese buying plus the multitude of other forces is causing banks to forecast a minimum of a 10 per cent dwelling price fall. Such a fall will cause those Australians who bought at the peak and have high mortgages to suffer. + +A troubled relationship + +As readers will be aware I have a different view about the China situation to the current politically correct version of events. + +First prime minister Scott Morrison was right in sticking to his guns in demanding an international inquiry into the causes of COVID-19. Despite pressure from the Chinese, his global initiative will have increased our international reputation. Paradoxically this is confirmed by the somewhat irrational and angry outbursts of the Chinese Australian ambassador. + +But what’s now important is that we are much more careful about how we handle the Chinese situation. We are dealing with a country that would defeat the United States in a sea war according to a series of “eye-opening” war games carried out by the Pentagon. + +And China is a country that now recognises this new military power so is becoming increasingly aggressive towards its neighbours. + +For Australia it’s one thing to demand an independent investigation of the COVID-19 origins and another to constantly demand China become more democratic and treat its population differently. + +Past ALP and Coalition leaders have performed badly on this front and we are carrying the legacy. + +The relationship between Australia and China is different to that between China and most other countries in our region. + +China depends on Australia for iron ore metallurgical coal and to some extent gas. + +Longer term the Chinese are greatly concerned at their inability to grow sufficient clean food to feed their population. + +That’s why the barley and beef actions may be temporary, although in the Chinese eyes we have to be “taught a lesson” for our “ lecturing ” that started way back in 2008 so more measures are likely. + +We should not forget that China has had issues with Australian meat labelling for a long time. + +China looks to Australia and New Zealand as important food sources and, because of our excellent handling of COVID-19, we have become unique in the world + +If they are allowed, Chinese students and longer term Chinese tourists will want to come to Australia and they are clearly still interested, on a personal basis, in buying property in Australia. + +We are dealing with a more dangerous China than the one that existed five to 10 years ago. Accordingly we must be more professional in how we handle China and it’s really important that we learn the lessons of World War II. We need to be a reliable supplier to boost our bottom line and we must not retaliate by duplicating the supply bans that were placed on Japan. But we can also learn from World War II and have much higher degree of local manufacturing and that requires efficient production of energy as well as lower emissions. + +https://www.theaustralian.com.au/business/economics/chinese-apartment-buyers-cooling-on-sydney-and-melbourne/news-story/915d8ed62ea272abf88aa19ded5e4e87 +I decided to pull the trigger to sell our IP apartment, bought in 2009 for $380K. I bough it at ridiculous price at that time. I have been trying to sell for years, hoping get a break even. Seven year ago, thinking to sell, price $340K. I said to my self, it would go up. Five years ago, estimate price was $340K, I waited again. +I realised, it would not go up, so I just pull the trigger, and move on. +I hope none one made mistake like I did. Sorry for bad grammar. +Serious question. The absolute majority of borrowers are not in financial difficulty, its violently popular on this sub to forecast an impending crisis. Yet there is very little to suggest there will be. +Just wanted to share what I think we are going to see with the NFT marketplace and likely the metaverse that will be coming along with it. + +First I want to start with an explanation of why Nike bought RTFKT. Nike has a major problem with their limited release as well as their most popular shoes being counterfeited by Chinese manufacturers. Just look at repsneakers subreddit which has 500k followers and you'll understand the gravity of how much money Nike is losing over this. Many people buy these high quality replicas and resell them to honest buyers as if they were real, essentially ripping them (and Nike) off. + +What would NFTs do to help solve this? Well the blockchain does an amazing job of providing verifiable transaction history. If Nike has a public wallet address, it can use that address to mint one NFT for each pair of shoes they sell, which also ties to a digital version of that shoe that can be used for your metaverse character. You buy a pair of shoes, you get the unique NFT that comes with it that was verifiably minted by Nike's public wallet address. Get where I'm going with this? Now when you go to resell the shoe (let's pretend it's one of their ultra limited releases that fetch a very high price) the buyer requires that you also transfer them the NFT with the actual pair of shoes to prove authenticity. Now the buyer no longer needs to go find a bunch of YouTube videos on how to spot fakes, because all they have to do is have the NFT transfered to them along with the shoes and they know it's real because they can see that Nike minted the NFT and the NFT's unique identifier is printed on the shoes tag. Boom no more selling counterfeits as real, and now anyone wearing a counterfeit pair IRL can get called out if they don't also own the pair in the metaverse and everyone will know they're fakes if they don't have the NFT. + +Rolex has the same problem and will likely do the same thing eventually. Probably every other luxury brand will jump on board as well. + +Now every item you buy from Gamestop or from any of its partners that want to join the NFT marketplace come with an NFT to go along with your real item so you can flex your IRL purchases in the Metaverse. Suddenly every large retailer is jumping on board because owning your items both digitally and IRL means you can digitally represent your possessions and your home and everything in it and then have your friends come over in the Metaverse to hang out with you. + +This is just the first step to digitizing everything. Soon you'll be able to buy your stocks on the blockchain where they can't be used to create synthetic shares or be manipulated like how our stock market currently works. Blockchain history will solve the issue with counterfeit share creation and allow the market to function properly again. + +Digital games can now be resold and are actually owned by the user. Smart contracts mean a royalty can be paid to the developer anytime the pre-owned digital copy is resold. People can buy and trade famous gamers games or in game items and they can be verified as owned and used by a pro, increasing value and collectibility. + +The possibilities are endless but I'm fairly certain we will see most of the above come to fruition. What do you think it will be used for? Would love to hear everyone's thoughts. + +EDIT: I am getting asked this question a lot and I want to help everyone understand why this makes counterfeiting IMPOSSIBLE. No, not more difficult, I mean literally it will be impossible to counterfeit these goods and resell them as legitimate pairs. Here is why: + +Yes, China could create a shoe with a hash they copied from the block chain. But here's the thing, they can't mint a counterfeit NFT to match it from Nikes wallet address. So unless you have both the shoe with the NFTs unique hash on the tag and the matching NFT and sell them together as a single unit, then it doesn't matter what they print on the shoe because no one will buy it as if it is a real pair unless they get both the matching NFT minted from Nikes wallet and the pair of shoes that has that exact NFTs hash printed on the tag. And I should clarify: Every INDIVIDUAL pair will come with a completely unique NFT that matches that INDIVIDUAL pair. It's not like they make 5000 pairs and they all get the same NFT with the same hash, that would defeat the purpose. They make 5000 pairs and 5000 NFTs with unique hashes, each of which coincide with 1 pair of the 5000 shoes they produced. 5000 unique NFTs matching 5000 individual pairs. The verification process then goes like this: You want to buy a limited release pair, so you meet up with the person and in order for you to make the purchase you ask them to show you the NFT and the tag on the shoe that matches the hash from that specific NFT. You check the blockchain to make sure the NFT they have was minted by Nike. If they match, you agree to buy and the seller transfers you the NFT (and you can actually buy the NFT from them to purchase the shoes themselves at this point) and they give you the pair of shoes with the matching NFT hash. There is no way for anyone to counterfeit this. + +EDIT 2: I should clarify the above. As long as counterfeiters can produce and successfully deliver fake or replica products, there will be a market that buys them for personal use only without care for their legitimacy or "getting called out". However, the ability to resale counterfeit items as if they are legitimate, or claim that they are legitimate to anyone, will become nearly impossible and especially for criminals who wish to profit by ripping off unsuspecting customers. + +Sources for further proof and tit jacquing: +Ryan Kagy RTFKT connections: https://www.reddit.com/r/Superstonk/comments/rt3gni/whats_happening_with_chapter_2/?utm_medium=android_app&utm_source=share + +Loopring RTFKT connection: +https://twitter.com/macro_diary/status/1477024279220862977?t=bzX_3d9Zxx5cdGCB5FUszQ&s=19 + +RTFKT connection: +https://twitter.com/RTFKTstudios/status/1477056785601204224?t=5QPcvYtzAH5myZSkN4kxzQ&s=19 +I co-signed a loan for my parents. It’s dumb, I know. I’ve accepted that it was a huge mistake and now I’m trying to get out of it. So far, they’ve missed the last two payments and it’s hurting my credit. We’re past the halfway point and they would be 70% done with paying it off if they had made the last two payments as they should have. Me paying for it is completely out of the question. I was going to call the lender and see if I can lower the payment or get some type of forgiveness, although I’m sure that’s impossible. Any advice? +I started considering having a health insurance. I gave it a few gos, inspecting their policies, always stopped there. + +I'm 24, not much existing conditions (they don't even ask this at the beginning stage). I got a quote of £150 per month for no excess, and £1000 limit. So I pay £1800 for a year, and I can only spend £1000 - and I (hopefully) may don't even have to. + +Then I have to ask them every time, waiting long queues to cover my treatment, and they may not even pay it (searching for excuses). In comparison, if I just go to a private doctor, ask for an appointment, I just pay the bill, and that's it. + +Consider the following scenarios: + +\- in a year I have to have treatment for £500 - I paid £1800 for insurance. I'm £1300 negative. If I'd pay from pocket, it'd only cost £500, but I paid £1800.- in a year I have to have treatment for £3000 - I paid £1800 for insurance which covers £1000, and I have to pay £2000 extra. I'm £3800 negative. If I'd pay from pocket, it'd only cost £3000, but I paid £3800. + +Am I missing something, or this is a huge robbery? No matter how I look at it, I'm better off pay as you go without insurance in a financial stand point. +My grandparents passed away and I’m inheriting 6 figures. I want to create a dividend growth portfolio that I can hold for life to gain passive income. What stocks/funds would you put your 6 figures in? I really like chevron, Home Depot, and Johnson and Johnson. What would you guys do? All help is appreciated. +Hi everyone! + +Posting using a different account. + +I know we get loads of these types of posts but really would appreciate your advice on my particular situation. + +A little bit about me: single woman, late 30s, no kids, work in central London in Finance, £65k salary (10% bonus), currently renting in South London (paying £900 per month). Hoping to have kids and be in a relationship one day (need to find someone first though). + +Thinking about buying property to live in but I am not sure where to buy and how far I should stretch myself financially. + +Have approx. £45k saved and can potentially save £1.5-£2k a month (if I tighten my belt). Also have access to £5k, if I really really need it! + +Based on a recent mortgage Decision In Principle, I can borrow £300k however, as only 85% LTV mortgages are currently available and I only have a £45k deposit, I can only afford a property of £300k (will need to save for the other property-related fees over the coming months). + +My dilemma is whether to try and buy a 2/3 bedroom house just outside of London (Looking at Dartford or even Essex; Chelmsford, Gidea Park, Hornchurch) or stay in London and buy a 2 bedroom flat (in a small block or a maisonette) in South East London (looking at South Norwood, Kidbrooke, Lee, hither green; would rather stay away from the likes of Erith, Abbey Wood, Thamsmead) etc). I can easily work from home and have been since the onset of the Covid-19 pandemic, so distance from central London for work isn't too much of a factor. + +I would rather avoid buying a leasehold property and the ongoing ESW1 issues but recognise that my options are limited if I want to stay in/close to London. + +As a single person with most of my friends and family in South East London, I am not sure how I would manage moving to an area where I don't know anyone. Also, dating and socialising would be much harder for me as it all goes on in central London. + +Additionally, I would potentially look to rent out a room in my property and think that it may be easier if I had a property (albeit, a flat) in London rather than the outskirts (outside of zones 1-6). + +I am just very confused about what I should even be considering here, aside from affordability. Also, kind of freaking out about stretching myself to borrow 4.5-4.75 x my salary but feel like I have no other option if I want to stay in/near London. + +Anyone in the same situation and/or can offer some advice? + +Thanks in advance! +Hi everyone. + +I own a barbershop in U.K and I have now started to accept cryptocurrency as payments for haircuts. I have been doing this for years now but on and off, I always wanted to make it known to all customers that this is possible with the right cryptocurrencies. At the moment I am accepting only NANO due to its speed and fees compared to other cryptos. I use NANO's official app and the customers who would like to pay in crypto know about it. For other currencies like BTC, ADA, ETH etc.. I will be using my wallets like Atomic, Trust and or exchanges like [Crypto.com](https://Crypto.com) & Coinbase. + +I have around 8 customers right now that pay only in crypto and hopefully there will be more. I charge £15 for a haircut but if you pay in crypto I lower it to £12. I have posters made for the shop so that when we re-open on 12th April all customers can see and hopefully start to look into investing and using crypto themselves. Bitcoin has changed my life, I bought my business and home because of it so I am always going to be a big fan. + +Thank you for reading, any questions please feel free to ask. + +Edit: wow thank you so much for the kind words and confidence all I was not expecting this. A few have asked about the shop and here is our website please feel free to visit. www.amgbarbers.com. I also have both a coinbase and crypto.com card so I do occasionally use the cards to buy coffee or even some products for work. +A feature that has been requested a lot of times from Binance: the option to convert the dust (amounts of coins you couldn't trade, like 0.995 ICN) to BNB, the exchange's currency, is finally available. + +Here is a screenshot of the feature: http://puu.sh/A9Cqu/e9444780a9.png + + +It is available directly in the "Balances" page of your accounts. + + +Tested it on my personal account, and it worked like a charm! Feels good to see all those balances to 0 finally. +My first DD. Hope it helps someone. + +Current price: 8.80 + +52 Week Range: 3.96 - 11.55 + +Revenue: 2020 - $70M expected (+40% yoy), 2019 - $49.3M (+143% yoy), 2018 - $20M (+37% yoy), 2017 - $14M (+53% yoy) + +Net Income - All over the place and I wouldn't call them fully profitable yet. Company is still in growth stage and has gone after new acquisitions. + +**History** \- The company started in industrial gas generation/purification business and has recently pivoted into Hydrogen/Renewable Natural Gas (RNG) business through a combination of shift in business strategy and acquisitions. + +**Company Description** \- Xebec Adsorption provides gas generation, purification, and filtration solutions for the industrial, energy, and renewables marketplace in Canada, China, the United States, Europe, and internationally. The company designs, engineers, and manufactures various products that transform raw gases into marketable sources of clean and renewable energy. + +**Acquisitions:** + +* [HyGear](https://xebecinc.com/news/xebec-completes-transformative-acquisition-of-hygear/) \- a Netherlands based supplier or hydrogen and nitrogen gas. This acquisition gave XBC immediate access to hydrogen production capability and opportunity to sell such onsite hydrogen systems in North America. +* [Inmate](https://xebecinc.com/news/xebec-expands-product-portfolio-and-enters-german-hydrogen-and-renewable-natural-gas-markets-with-acquisition-of-inmatec/) \- a German-based manufacturer of onsite nitrogen and oxygen generators with 8,000 installed systems worldwide. This acquisition give XBC immediate access to the German hydrogen and biofuels market. + +**Growth Catalysts:** + +* Biogas and Hydrogen generation - Provide fuel to other industries. Hygear recently [signed](https://www.globenewswire.com/news-release/2021/02/16/2176114/0/en/Xebec-Launches-Hydrogen-Supply-Strategy-in-the-United-Kingdom.html) Gas-as-a-Service contract with Saint-Gobain for a 15 year period. +* Biogas and Hydrogen purification - help other companies purify their gases. XBC recently got a hydrogen [purification system order](http://biomassmagazine.com/articles/17723/xebec-announces-hydrogen-order-for-fuelcell-energy-project) from FuelCell Energy’s Toyota’s operations at the Port of Long Beach in California. +* Producing RNG from organic wastes - Help municipalities convert organic wastes into RNG. XBC and Bähler Biogas [joint facility](https://investors.xebecinc.com/press/2020-02-18-xebec-announces-its-first-canadian-renewable-natural-gas-infrastructure-project/) will process 45,000 metric tons of organic waste per year to produce biogas that is upgraded into renewable natural gas (RNG) by Xebec tech. The facility based in Québec will producing over 150,000 GJ of RNG and 7,500 metric tons of biofertilizer annually. The plant is expected to be commissioned in early 2021. + +Fuel cells stocks (Ballard, Plug Power and Fuel cell) have all seen massive recent rallies. However, large auto companies (Toyota for example) can still decide to use their own technology for fuel cells. + +**Fuel cells vs Hydrogen production** \- What all fuel cell driven vehicles need is clean and purified hydrogen!! Imagine a time in near future where cars, trucks, ships and forklifts will all need either a distributed hydrogen network on an on-premise hydrogen generation system. Countries/companies will start working on their hydrogen supply networks to fuel these hydrogen powered vehicles. The movement is already big in Japan, Europe and North America. + +I feel XBC's current transformation can be a massive catalyst in making it a world leader in hydrogen and RNG production and filtration systems. Its acquisitions have given it a global reach Biogas systems are just cherry on the cake. + +**Risk** \- Hydrogen economy not panning out. I have my reservations on hydrogen powered cars. However, I am more confident on hydrogen fueling larger vehicles with longer daily run times such as forklifts, trucks, busses. These vehicles run for 8-12 hrs a day and could benefit from hydrogen power. + +**Disclaimer** \- This is not investment advice. I have a long position on XBC and am bullish about it growth prospects. This post is for information purpose only, please do your own due diligence (DD) before investing. +Before today the Apple stocks app (as well as Yahoo Finance) always had about a 15 minute delay on its TSX listed stocks. This morning it seems that it is now showing real time prices. Has anyone else noticed this too? + +[Screenshot here](https://imgur.com/gallery/gp1sAwk) notice the clock time and the quote time. +My first DD. Hope it helps someone. + +Current price: 8.80 + +52 Week Range: 3.96 - 11.55 + +Revenue: 2020 - $70M expected (+40% yoy), 2019 - $49.3M (+143% yoy), 2018 - $20M (+37% yoy), 2017 - $14M (+53% yoy) + +Net Income - All over the place and I wouldn't call them fully profitable yet. Company is still in growth stage and has gone after new acquisitions. + +**History** \- The company started in industrial gas generation/purification business and has recently pivoted into Hydrogen/Renewable Natural Gas (RNG) business through a combination of shift in business strategy and acquisitions. + +**Company Description** \- Xebec Adsorption provides gas generation, purification, and filtration solutions for the industrial, energy, and renewables marketplace in Canada, China, the United States, Europe, and internationally. The company designs, engineers, and manufactures various products that transform raw gases into marketable sources of clean and renewable energy. + +**Acquisitions:** + +* [HyGear](https://xebecinc.com/news/xebec-completes-transformative-acquisition-of-hygear/) \- a Netherlands based supplier or hydrogen and nitrogen gas. This acquisition gave XBC immediate access to hydrogen production capability and opportunity to sell such onsite hydrogen systems in North America. +* [Inmate](https://xebecinc.com/news/xebec-expands-product-portfolio-and-enters-german-hydrogen-and-renewable-natural-gas-markets-with-acquisition-of-inmatec/) \- a German-based manufacturer of onsite nitrogen and oxygen generators with 8,000 installed systems worldwide. This acquisition give XBC immediate access to the German hydrogen and biofuels market. + +**Growth Catalysts:** + +* Biogas and Hydrogen generation - Provide fuel to other industries. Hygear recently [signed](https://www.globenewswire.com/news-release/2021/02/16/2176114/0/en/Xebec-Launches-Hydrogen-Supply-Strategy-in-the-United-Kingdom.html) Gas-as-a-Service contract with Saint-Gobain for a 15 year period. +* Biogas and Hydrogen purification - help other companies purify their gases. XBC recently got a hydrogen [purification system order](http://biomassmagazine.com/articles/17723/xebec-announces-hydrogen-order-for-fuelcell-energy-project) from FuelCell Energy’s Toyota’s operations at the Port of Long Beach in California. +* Producing RNG from organic wastes - Help municipalities convert organic wastes into RNG. XBC and Bähler Biogas [joint facility](https://investors.xebecinc.com/press/2020-02-18-xebec-announces-its-first-canadian-renewable-natural-gas-infrastructure-project/) will process 45,000 metric tons of organic waste per year to produce biogas that is upgraded into renewable natural gas (RNG) by Xebec tech. The facility based in Québec will producing over 150,000 GJ of RNG and 7,500 metric tons of biofertilizer annually. The plant is expected to be commissioned in early 2021. + +Fuel cells stocks (Ballard, Plug Power and Fuel cell) have all seen massive recent rallies. However, large auto companies (Toyota for example) can still decide to use their own technology for fuel cells. + +**Fuel cells vs Hydrogen production** \- What all fuel cell driven vehicles need is clean and purified hydrogen!! Imagine a time in near future where cars, trucks, ships and forklifts will all need either a distributed hydrogen network on an on-premise hydrogen generation system. Countries/companies will start working on their hydrogen supply networks to fuel these hydrogen powered vehicles. The movement is already big in Japan, Europe and North America. + +I feel XBC's current transformation can be a massive catalyst in making it a world leader in hydrogen and RNG production and filtration systems. Its acquisitions have given it a global reach Biogas systems are just cherry on the cake. + +**Risk** \- Hydrogen economy not panning out. I have my reservations on hydrogen powered cars. However, I am more confident on hydrogen fueling larger vehicles with longer daily run times such as forklifts, trucks, busses. These vehicles run for 8-12 hrs a day and could benefit from hydrogen power. + +**Disclaimer** \- This is not investment advice. I have a long position on XBC and am bullish about it growth prospects. This post is for information purpose only, please do your own due diligence (DD) before investing. +I was curious as to what was the dumbest trade you ever made. + +For myself I can say shorting a biopharma stock on margin while it was in the middle of a short squeeze takes the cake. Needless to say, it basically blew up my account. + +Looking forward to hearing any experiences. +Liquidity locked till 2026, and mirroring early patterns of coins such as safemoon. + +If you missed the trip to the moon last time, here's your chance! + +11K holders in just 3 days! + +Charts: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x6b51231c43B1604815313801dB5E9E614914d6e4](https://goswappcharts.web.app/?isbsc=true&tokenId=0x6b51231c43B1604815313801dB5E9E614914d6e4) + +[https://poocoin.app/tokens/0x6b51231c43B1604815313801dB5E9E614914d6e4](https://poocoin.app/tokens/0x6b51231c43B1604815313801dB5E9E614914d6e4) + +BscScan: [https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4](https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4#balances) + +Proof of Liquidity Lock: [https://dxsale.app/app/pages/dxlockview?id=75&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=75&add=0&type=lpdefi&chain=BSC) + +Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6b51231c43B1604815313801dB5E9E614914d6e4](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6b51231c43B1604815313801dB5E9E614914d6e4) + +[https://www.safegalaxy.me/](https://www.safegalaxy.me/) + +[https://twitter.com/SafeGalaxyToken](https://twitter.com/SafeGalaxyToken) + +[discord.com/invite/eVs3kzEN](https://discord.com/invite/eVs3kzEN) + +[https://www.reddit.com/r/SafeGalaxy/](https://www.reddit.com/r/SafeGalaxy/) + + \[Repost due to incorrect flair\] +**Superstonk Lexicon 10 April 2022** + +**AMA:** Ask Me Anything - Q&A interview with a subject matter expert via video & comments or comments only. + +**APE:** Apes together strong from the movie *Planet of the Apes*. A retail investor who just likes the stock. Thanks to u/spencer2e who helped out with the sub migration and PC language history: "apes have significantly less grooves/wrinkles than humans and it was adopted pretty quickly." Sometimes All People Equal. See Smooth Brain + +**Bag holder:** A shareholder left holding shares of worthless stocks after a SHF or other financial terrorist completed a "pump and dump." Also see Coke Rat. + +🍌: The preferred sex toy of some Apes. Can also be used as a threat or ultimatum. "Unzip my pants" can refer to receiving punishment by or using a fruit in the Musaceae family sometimes as well. + +**BCG:** Boston Consulting Group. Evil bad guys who gut a company from within, so their short seller partners can profit from bankruptcy of their clients. + +**BDD:** Biggus Diccus Dave Lauer- Founder of [Urvin Finance](https://www.urvin.finance/), empowering individual investors with the education, community, data, and tools necessary to level the playing field and prosper. (Some call him Donkey Dick Dave as a compliment) + +**Bedpost:** What financial terrorist Ken Griffith broke off and threw at his then-fiancée before their wedding, over a fight about the pre-nuptial agreement. She still married him. Then divorced him. [Chicago Tribune](https://www.chicagotribune.com/business/ct-griffin-0214-biz-20150213-story.html) + +**Bulgaria Boy/Vlad:** Also "Haunted Victorian boy" Vladimir Tenev - co-founder (with Baiju Bhatt) and CEO of Robinhood (robbing da hood). Ironically, Robinhood's stock has plummeted post-IPO, a year after they "turned off the Buy Button" on 01-28-2021, which also cost them a lawsuit by a retail investor. They are the proud owners of the largest-ever FINRA penalty in FINRA's history and also of one of Wikipedia's lengthiest "Controversies" sections, imo. + +**Coke Rat:** Jim Cramer of CNBC's television show *Mad Money*. If you trade the opposite of his stock picks, you may make money. See NFA + +**CS:** [Computershare](https://www.computershare.com/us) The Australia-based official transfer agent of record for direct registration of GME shares. VNP (Very Nice People) See DRS. + +**Crayon:** A delicious writing implement that is available in many ~~colors~~ flavors. Some dumb Apes think that the Red & Green Crayons look like candlesticks on a stock chart. Green is often praised as the tastiest according to u/jmanpc. Can't cross-post to other subs, but this is the post title: i_made_a_promise_to_some_friends_that_i_would_eat_a + +**Dark Pools:** Alternative Trading Systems (ATS) that were originally useful for institutional investors so that large block trades would not affect share prices. Current usage excludes retail investors from accurate price discovery because 90% of trades do not occur in "lit" exchanges, according to the SEC. + +**DD:** Due Diligence - thorough, accurate, sourced, and peer-reviewed research. Counter-arguments welcome. + +**DFV:** u/DeepFuckingValue of YouTube Roaring Kitty and Congressional hearings fame. The deep value investor who started it all. Keith Gill by irl name. Respect his privacy, please. + +**Diamond Hands:** A strong retail investor who resists selling stock through volatile price swings until a set limit price is reached. See also Paperhand. + +**DRS:** Direct Registration System. How shares are taken out of "street name" (beneficial/non-ownership) in the DTCC and written into the registration "book" in the retail investor's own name. Each security has its own transfer agent. See CS and DTCC + +**Dr T:** Susanne Trimbath, PhD, author of the book *Naked, Short and Greedy: Wall Street's Failure to Deliver*. Buy from a local bookseller. #boycottamazon [Spiramus Press](https://spiramus.com/susanne-trimbath) Also Queen Kong + +**DTCC:** Depository Trust & Clearing Corporation - the only company that provides clearing and settlement services to financial markets. It performs securities exchanges on behalf of buyers and sellers and functions as a central securities depository. The "lit" market, also DTC. + +**ELI5:** Explain Like I'm 5 years old. Use short sentences and smol words. Also **ELIA:** Explain like I'm an Ape. **ELIAS:** Explain Like I'm the SEC. + +**"Fed":** The 12 Regional Federal Reserve Banks of the USA and/or their Chairman and/or Federal Reserve policies and actions. + +**[FINRA](https://www.finra.org/#/):** The Financial Industry Regulatory Authority is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets. + +**FUD:** Fear, Uncertainty, Doubt + +**GG:** Gary Gensler. Current Chair of the US SEC, appointed by POTUS 46 in February 2021. + +**GME:** NYSE ticker symbol for Gamestop, the most heavily shorted stock in the world. + +**Hodl:** Props to u/Environmental_Neat53's comprehensive glossary: The famous misspelling of "holding” by Bitcoin trader GameKyuubi. Avoiding trading based on short-term price moves.  + +**IMX:** [Immutable X](https://www.immutable.com/) not a Marvel superhero, but one of Gamestop's metaverse Web 3.0 partners providing ETH Layer 2 NFT support. + +**Infinity Pool:** GME shares which shall never be sold. + +**J-Pow:** Jerome Powell, Chair of the Federal Reserve Bank since 2012. + +**LFG:** Let's Fucking Go. A clarion call for the stock price to rise. + +**LIGMA (balls; insert body part):** +Loopring +Immutable X +Gamestop +Microsoft +Apple - hypothesis that Microsoft and Apple might become partners in the GME Web 3.0 Metaverse, adding strength to the MOASS probability. + +**LMAYO:** Laughing My Ass Off with mayonnaise. A reference to Ken Griffin's selfish love of mayo. See Mayo Man + +**LRC:** Loopring & Loopring Coin ‐ a cryptocurrency ETH Layer 2 Gamestop partner for the GME NFT Metaverse. + +**Matt Furlong:** CEO of Gamestop since June 2021, formerly of amzn. + +**Mayo Force One:** The private jet owned by Ken Griffin, CEO of Citadel, that is legally tracked by Superstonk apes. Seen in Finland on the eve of the Ukrainian invasion by Russia. + +**Mayo Man:** Debunked tale that financial terrorist Kenneth Cordele Griffin, CEO of Citadel, once shared a penthouse dinner with an ape's friend and hogged all the mayonnaise for himself. See also Bedpost. https://www.reddit.com/r/Superstonk/comments/n8tvrx/my_friend_had_dinner_with_kenny_g/?utm_medium=android_app&utm_source=share Debunked, but the name stuck. + +**MM:** Market Maker - A firm or individual who actively quotes two-sided markets in GME, providing bids and offers (known as asks) along with the market size of each. Market makers provide liquidity and depth to markets and profit from the difference in the bid-ask spread. They may also make trades for their own accounts, which are known as principal trades. Broker-dealers are a common type of market maker. + +**MOASS:** Mother Of All Short Squeezes. + +**MSM:** Mainstream Media - justifiably not trusted by most Apes, wrinkled or smooth. + +**NFA:** Not Financial Advice - a legal disclaimer indemnifying an author against damages from losses sustained by an investor acting of their own accord. + +**NFT:** Non-Fungible Token - a blockchain secured, unique and non-interchangeable unit of data. Like the title of a house or car or a priceless Rembrandt painting in need of provenance. + +**No Cell No Sell:** Investor who claims they will not sell a single share of GME until illegal naked short sellers are found guilty of RICO and are behind bars. See RICO (Also until the stock price resembles a phone number, with 10 digits) + +**NYSE:** New York Stock Exchange - one of 13 US stock exchanges and the largest in the world by market capitalization. + +**Paperhand(ed Bitch):** A weak retail investor who sells their shares for low profit or because of market volatility. See also Diamond Hands + +**Pickle:** Pet name for u/gherkinit who is a daytrader with a large YouTube following. Banned and later unbanned by Superstonk mods for breaking the monetization rule. Currently banned. + +**Purple Circle:** The Computershare icon showing a GME position that is 100% of a shareholder's portfolio. Purple Ring; Nurple; Purple O; Purple Butthole, etc + +**Queen Kong:** Susanne Trimbath, PhD, author of the book *Naked, Short and Greedy: Wall Street's Failure to Deliver*. Buy from a local bookseller. #boycottamazon [Spiramus Press](https://spiramus.com/susanne-trimbath) Also Dr. T + +**RC:** Ryan Cohen - Chairman of Gamestop Corporation + +**RICO:** Racketeer Influenced and Corrupt Organizations Act +https://www.gpo.gov/fdsys/pkg/STATUTE-84/pdf/STATUTE-84-Pg922-3.pdf + +**Rocket:** A profit-propulsed vehicle that transports Apes to the moon and beyond. Also see Tendies. + +**$ASS:** A fake ticker symbol used by Apes to trick bots/algorithms that are written by SHF to search Superstonk for ticker symbols to short. Also $CUM, $DEEZ $NUTS, $WEN, $MOON and others. + +**$CUM:** A fake ticker symbol used by Apes to trick bots/algorithms that are written by SHF to search Superstonk for ticker symbols to short. See also $ASS + +**[SEC](https://www.sec.gov/):** US Securities & Exchange Commission. "The primary purpose of the SEC is to enforce the law against market manipulation." + +**SHF:** Shorting Hedge Fund. Shorting stocks is legal. Naked shorting stocks is illegal (Since 2008.) Some apes call it Shit Hedge Fund. + +**Shill:** Person who publicly helps or gives credibility to another person or organization to assist in a fraud. + +**Shitadel:** Citadel LLC and their multiple subsidiaries, who recruited employees from Enron (!) and were banned from trading in *China* (!). See Mayo + +**Smooth Brain:** A less experienced investor. "*I think I need an adult.*" See also Crayon, Ape, Wrinkled Brain. + +**Snek:** A short seller (snake) or also 2. A person who spreads FUD. Search for the original post titled "information for the newbies who want to join" on the other sub for the Snake and Monkey trading Bananas explanation. + +**Stevie:** Steven A. "Stevie" Cohen (no relation to Ryan), CEO of [Point72 Asset Management](https://en.m.wikipedia.org/wiki/Point72_Asset_Managemeyour. (Wikipedia link), a hedge fund that shorts GME. Also owns NY Mets baseball team. + +**Sticky Floor:** The derogatory nickname for AMC Theaters stock because of the spilled drinks on the floors. Also called Popcorn. + +**Tendies:** Chicken Tenders, the favorite reward for degenerates who accrue Good Boy Points from Mom while living in the basement. Sometimes from Wendy's. AKA Profit. + +**Tits are JACKED!!** Quote from the 2015 movie, *The Big Short*. Jared Vennett: "I'm jacked! I'm jacked to the tits!" + +**Tomorrow:** The day after today and Wen MOASS. Also Overmorrow (the day after tomorrow.) + +**VVSB:** A Reddit sub where most Apes learned of GME's MOASS. Rhymes with Mall Treat Pets. + +**Weaponized Autism:** A force for good when uber-intelligent and persistent gamers commit to the investigation of financial fraud and market manipulation. + +**Wen lambo:** The question of the impatient investor who asks when MOASS will happen. (When will GME share prices allow me to buy a Lamborghini?) + +**Wen moon:** The question of the impatient investor who asks when MOASS will happen. (When will GME share prices rocket to the moon?) + +**Wendy's dumpster:** Apes in the other sub lost money faster than a bridesmaid in Vegas. When an ape's destitution forced them into prostitution it was always behind a dumpster behind a Wendy's. Behind a casino that is more regulated than the US stock market. + +**Wife's boyfriend:** A pre-emptive self-deprecation by retail investors meant as a shield against derision from institutional or expert investors. "You can't insult me more than my wife's boyfriend sitting on our couch drinking my beer." + +**Wrinkle Brain:** An educated, experienced or knowledgeable investor who can explain things to Smooth Brains so they can "gain their first wrinkle." Authors of DD and finders of fraud who share knowledge with the community. May or may not be Silverback Apes. An adult. + + +Please add to this or give corrections if you think this would help newbies like myself. + +Love to all of you glorious bastards. 💜 +* The risk for holding GME long term is very low, while the reward for holding GME "short" and long-term is extremely high. +* Ignore MSM and social media FUD. This is their main play right now. At this point I think a lot of apes are immune to their shit. +* Be careful when looking at Credit Rating Agencies' ratings for GME, GameStop, banks or other financial institutions. Don't trust them. They have every incentive to lie to you. This might be their next play to hold off as many retail investors from FOMOing on GME when it starts to moon. +* The price is wrong, bitch! +* All shorts must cover. + +That is all. +Prices are driven by demand and supply. If everybody is theta ing dte 45 - 30, will that not put downward pressure on premiums received? And lower the profitability of the strategy? + +Thanks in advance for your responses +&#x200B; + +I (21) feel like I'm at the end of the road with this and am desperate for any advice. I applied for an apartment this summer and got back a report saying I was high risk because I was overdue $2,800 overdue on a Target credit card from 2016. In 2016, I was 14 years old. I have never had a credit card in my life and it's very obvious that this is fraud. I called Target and they had no clue what I was talking about. So I went to annualcreditreport.com to get my report from all three bureaus, but only equifax could give me a report, the other two said they couldn't verify me -- I'm not sure why only one could verify me. I'm also assuming I have zero credit at this time. I went to dispute this report online through equifax, but every single time I try I get an error --"unable to complete this dispute, refresh and try again". I've called twice and they said they don't even see me on their end, they don't see anything I'm reporting despite me be able to see all the fraud information on my end. The website doesn't display a credit score for me either -- just an error. So I can't dispute online to remove this fraud from my record, I can't call and get it removed either. I can't even make a creditkarma account to view anything because nothing can "verify my credentials". When looking at equifax, my birthdate is correct, but my name is spelt wrong and my address is incorrect. I don't care who stole it, I just want it removed. The credit account is closed and has been sold, but is still overdue $2,800. I can't get an apartment, a car, or even a credit card. I feel like I'm stuck, I'm on the brink of homelessness because of this. Can anyone help? + +&#x200B; + +Edit: I have filed a police report and reported the fraud to the [ic3.gov](https://ic3.gov) as recommended by the police. This was two months ago and nothing has changed. I also reported to [identitytheft.gov](https://identitytheft.gov) and got no help from them either. +Most of you are already probably aware of this but it needs to be said. Whenever there is this much drama or bullshit surrounding shit that ultimately doesn't matter, and has 0 bearing on the stock or our collective ability's to buy & hold, it means there's something going on somewhere that we're not supposed to see/hear/know about. + +It's a classic power move and it's used by the media ***ALL*** the time. Literally it's like their best weapon. If some crazy shit happens that makes a company, corporation, government, intelligence agency, etc. look bad, you can bet your sweet ass there will be some celebrity or artist or sports thing (or other "grandiose" distraction) that is meant to pull people's attention away from the "scandal" to the literal nothingburger. + +>You can't be told what to think. But you can be told what to think about. + +Get it together, lads and lassies, we need to redirect our focus to whatever it is we may be missing underneath all this FUD/drama. We need to figure out if it's something related to the 440k puts that just expired, a new rule or rules that have been updated, or if something big is coming our way these next few days and we might miss it (assuming our attention remains diverted). + +This is a community but we don't need it. I know what I'm doing, the tactic is simple - buy & hold. We are winning and we are encountering enemies so we know we're going the right way. But we're also falling into their trap. Don't play their game(s). +There are 3 parts to this conversation which are mutually exclusive. If you think we’re a cult, rolling them together will confirm your bias. Look at them in isolation and the picture is much clearer: + +1. Gamestop short squeeze - This is a theory supported by incomplete evidence. It’s not the basis of a good investment in my opinion and it’s not the reason I invested. It is however the basis of your belief that GameStop investors are a cult and the subs at first glance (memes and retards) confirm your bias that we’re lunatics. I’d encourage you to read this whole post before moving on. + +2. Directly Registered Shares - The only way to guarantee your shares are out of the stock market and in your own name. This is an irrefutable fact due to the fact Cede and Co only hold numbered shares. Whether that has any impact on short sellers is not known yet but we will have the answer to that question once the float is locked up in Computershare and out of the stock exchange. + +3. FUNDAMENTALS - I’ve put it in capitals because this is the most important part by far. + +NFT and blockchain are the future of digital transactions. Forget the overpriced jpegs which are currently being made into NFT’s. This is Web 3.0 and it’s not going away. Imagine a world where you create a piece of software that you retain ownership of and every time it passes from one person to the next you get a portion of the profit. This is one of 1000’s of practical applications of NFTs and blockchain. + +L2 blockchain tech is about to be released, this brings the cost of these transactions down from around $50 (a current barrier to wider adoption) to $2.50, this cost will only decrease further as time continues and tech improves (Think how much a flat screen cost 15 yrs ago). + +It’s a BIG drop in cost and now it immediately becomes a viable and practical exchange/creator platform. + +So where do GameStop fit in with this? Well let’s compare them to Opensea. Opensea have the biggest NFT marketplace at the moment. The market cap of Opensea has gone from $1b to $13b in one year. It’s also a totally crap user experience - go and have a play with it if you don’t believe me. The people that use Opensea are niche NFT traders and creators. It is the first and the biggest but remember ‘Yahoo search’? I do, it was horrible. Google came along and crushed them. + +This is what I see GameStop doing with Opensea. They have a HUGE existing customer base which can be migrated to their new marketplace. They have partnerships in place already with some of the biggest tech giants. They are in pole position to corner this marketplace. + +Go and look at the video on yahoo finance saying GameStop NFT marketplace is ‘dead in the water’. That clown predicted gaming consoles would be dead in 2013 - in other words, ignore the media. + +GameStops current market cap is a paltry $10.74b If they crush Opensea (which I think is inevitable) their market cap doubles. EPS is not a good measure in isolation to form the basis of a good investment yet this is what the MSM love to push. GameStop is not a dying brick and mortar company. It’s going through a major transformation into a global tech company and has the cash on hand and the superstar hires to achieve that. Go and have a look at their recent hires and look how they’re paid - their remuneration includes significant amounts of stock and no insider has sold any (looks like they might have bought more in the last few days). + +Honestly, forget the short squeeze stuff if it upsets you. Go and have a look at Web 3.0, blockchain (decentralised finance) and practical applications of NFTs. + +If GameStop get this right, they’re the next Apple, period. That’s why I’m investing. + +Hope that helps a bit. + +Edit1: link to ‘dead in the water’ yahoo post: + +https://uk.finance.yahoo.com/news/game-stops-reported-nft-plan-is-dead-on-arrival-analyst-213828687.html + +Link to same analyst saying consoles are dead back in 2013: + +https://www.criticalhit.net/gaming/pachter-joins-the-consoles-are-dead-crew/ + +Some spelling edited too :) + +Edit2: more spelling (sighs) plus a better link to analyst’s horseshit predictions: + +https://segmentnext.com/a-visionary-history-of-michael-pachters-bold-predictions/ + +Edit3: words + +TL:DR - Ignore the noise and invest on fundamentals (Warren Buffet style). GME fundamentals are 🔥 +Air France - 17.8% + +Lufthansa - 19.07% + +RCL & CCL Futures - Both over 20% up... + +What is this madness, the day after US bans travel to Europe and coronavirus close down accelerate. + +It's almost nonsensical now. Don't fall for this bull trap. It will be tempting but just see how companies which will face massive material losses are going and you can see this is a senseless rally. + +&#x200B; + +Edit: + + +AAL up 10%. another airline with international routes hit hard.. + +Boeing up 11.7%. who are still not getting much progress on the 737 plus same problems as airbus. + +Airbus up 7.4%. who are having contracts for plans cut or converted everyday. + +Ferrari up 14% who have just had f1 possibly off till july. + +Juventus up 20%... a team which is going to lose millions from season cancellation, shirt sales, player values and wages. + + +All companies with massive losses in this situation. +I’m 36 and married. Have a home 2 years into a 15 year mortgage. Fully funding my 401k and solo 401k and backdoor Roth IRA and wife’s TSP. Want to retire around 55. Should have 4-6m in retirement available at 67. Have brokerage and real estate investing at additional 80k per year that should grow to about 4-5m by 55 to live on until 67. We have a 529 for babies education and separate fidelity go brokerage account for babies future expenses (wedding) major life events. I have a term life policy for 5 million. + +I want to buy a weekend home which would put my total home mortgage (main + weekend) at 13% of my gross Income (with taxes and insurance and upkeep). + +I want to buy a boat which would put my total vehicle (liability) expenses at <4% of gross income. + +Everyone I speak to has only negative things to say about second homes and boats but I feel I can fairly comfortably afford it and still meet my goals. + +Very fortunate to have a very high annual family income. + +I have run the opportunity cost of buying a second home and boat vs investing and it is obviously a loss from a total wealth building perspective but I believed I can still FatFire by 55 and do so. + +Thought...? + +Please attack / advise my plan for holes or flaws... + +***** + +Amazing and helpful responses + +It seems that the bottom line is that if one is content renting and thinks they won’t use often than that is a no brainer financially. If one uses the place frequently and gets a ton of enjoyment they feel it is well worth trading some net worth later for enjoyment now. + +Waiting a little longer to adjust to life with first child seems right for sure. And the area we are looking is an hour and ten minutes from home. + +Responses- almost 7 figures. No pay raises assumed. Actually factoring possible pay reduction of about 5% every five years. I believe and agree the assumption of 8% is wishful thinking. I can either scale back to 8 million plan or work a little longer or part time if so. + +One thing I find interesting (no one discussing) is that mortgage rates are very low and there is no telling what they will be twenty years from now. If part of my fatFire plan is having two homes to split time in there is a major trade off both in enjoyment now and financially to waiting for twenty years to purchase. If we’re content with the two homes we have that’s two mortgage free places to spend time. If we are not, we can sell and put the equity towards a home in different location without having to draw as much from investments or finance at unknown future rates. +This will PUMP like crazy again!!!! + +> - Application for Binance, Coinbase end of Feb +- Limit orders from 1inch and uniswap +- Codebase is open source and open for contribution +- Chainlink integration +- 10$ price forecast +- Goal is to become a 1 Billion company +- Team buying back coins +- Coinbase wallet, Trust wallet +- UI improvement end of Feb +- Tshirts soon +Guys, I might have stumbled across one of the most unique charity tokens out there. With around 8k donated (with all proof on their social / TG), $PUBE (Proudly Unwashed Balls Empire) is setting chart-breaking records, finding support with an insanely strong community. + +Not only that, they were just listed on CoinGecko and they’ve grown their holders from 5k to almost 26k in under 36 hours! + +I’ve seen a lot of big influencers like KSI, CryptoWendy, DolandDark have all tweeted about owning the token. That seemed to help a lot with their growth and they have a great marketing strategy that the Dev was talking about in voice chat. I was a little skeptical at first but they’ve completely won me over. The chat is always active with over 10 admins on pretty much 24/7, that was pretty cool. I think I've found myself a gem. They’ve had some INSANE parabolic growth over the last 36 hours, multiplying about 24 times (I’m jealous of the lucky ones that got in early) + +I am part of the community and I can tell you that we are 100% all in. I have never seen a more active, strong telegram with an insane amount of positivity. The launch was also completely fair, no presale or any of that thing. 5% of the fees goes back to the holders, another 5% goes into the charity / marketing wallet. The devs are completely transparent, making note of each transaction and how it is used. I was very impressed. The liquidity is also locked so it is completely anti-rugpull. + +They are also reaching out to multiple charities and homeless shelters to partner up and donate and help the world! A little birdie also told me that they are looking at some BIG partnerships with some brands. + +Bottom line is, they have amazing meme potential and they help the world by making it a better place. Sounds like a win-win situation to me! + +Check them out + +Website: pube.finance + +Telegram: t.me/ProudlyUnwashedBalls +I am interested in how you guys structure your passive ETF portfolios. Below you can see my portfolio, which holds about 40% of my NW. Some notes: I am based in Europe so I don't want > 50% US exposure. I like to hold multiple positions so I am not interested in the inevitable "All in VTI" comments. The portfolio is meant to compliment physical RE holdings and/or private company stake. The portfolio is 105% long. It is not a dividend/ passive income portfolio (yet) but can be easily transformed into one by simply changing some values in the excel sheet. The bond portion as well as dividend portion of the portfolio will increase over time. The portfolio is rebalanced quarterly where all dividends are reinvested. I pay about 1.5% for the 5% leverage (IBKR margin). + +(Sorry for Imgur link, can't post pictures here) + +[https://imgur.com/a/54zfErq](https://imgur.com/a/54zfErq) + +Edit: I’m playing with the idea of adding some „return stacking“ so for example replace GLD with /GC futures and then using the cash to buy more global equity… thoughts? +The White House has signalled that it will support the last minute amendment by Warner, Portman, Sinema over the plan proposed by Toomey Wyden Lummis + +The former plan is even more disastrous than the original text without amendment + +It heavily regulates crypto tech and stifles innovation, industry, and jobs in the US. In fact it makes out an node reporting exception just for proof of work chains, excluding proof of stake. + +While the Wyden Lummis plan promotes innovation and technology and financial freedom and human rights. But the White House is over ruling this + +This is a complete joke. 70 and 80 year old Dinosaurs who have no idea about crypto are squashing the entire industry for laughs and gags while being sponsored by banks. + +Edit: The Warner Portman Amendment against Proof of Stake even harms Lightning Network, imposing harsh reporting requirements. BTC Maxis were lobbying hard against Proof of stake and begging their legislators to take steps against PoS chains. The new classification does exactly that but sticks a dagger into LN as well. A tale of trying to harm others coming back to stab you in the back.. within 24 Hours! BTC Maxis are really THIS dumb. They have zero vision to see past their limited point of views, and are actively taking steps to damage the entire space, oblivious to the fact that the flame they fan will land on their own homes + +White House and Congress fighting over Proof of Work vs Proof of Stake. While they are living example of Proof of Mistake + +Edit 2 : + +Many crypto law experts are claiming they did not see the 2nd Amendment coming in at all, and it seems to have shocked them. Its baffling who is behind this last minute distiction between proof of work vs proof of stake, and why such text is being inserted into an Infrastructure Bill. Easy to see imo...who wins from doing this..? Both [Warner](https://www.opensecrets.org/members-of-congress/mark-warner/summary?cid=N00002097&__cf_chl_captcha_tk__=pmd_d81b008ac0241993d385e318e9a9dc480742f027-1628221811-0-gqNtZGzNAzijcnBszQj6) & [Portman](https://www.opensecrets.org/members-of-congress/rob-portman/summary?cid=N00003682&cycle=2020&type=I) are, as expected, funded by big banks and investment institutions. Portman is funded by BlackRock, American Financial Group, other archaic institutions that derive great benefit from over regulating DeFi/Proof of stake networks. Warner is funded by Goldman Sachs. By making DeFi hard to access for end users, these institutions get to keep their close sources legacy financial system that oppresses its participants and funnels wealth to those at the top. + +Sen. Portman is even retiring next month. His absolute last act as a Senator is to attempt to kill innovation in finance, kill individual freedom , and instead enslave people to behemoth corporations. These are the dinosaurs that the country deserves? Why are these people who have zero stake in tomorrow writing laws that will harm millions of tomorrow's kids and prevent them from accessing an open and inclusive financial system? +Bought stock at its top during 2020 and now stuck with heavy bags with it being down over 50%. Seems like it will be impossible for it to ever recover as you will need it to gain over 100% to even breakeven. + +And on the same mindset, for people who is buying in at these prices which have already fallen off massively, when the stock does breakeven the people who buy in now will be rewarded with over 100% gains which is not something that is very likely to happen hence the chance of the stock ever recovering from its ATH seems extremely slim. Heavy ass bags man. +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +https://m.economictimes.com/industry/services/retail/reliance-to-expand-jiomart-to-fashion-smartphones-electronics-bets-on-hyperlocal-model/amp_articleshow/76973629.cms + +And so it begins. Reliance is targeting 2-3 hr delivery time for as much products as possible. +Is it a good idea to invest like Rs 10 lakh in an FD with monthly payouts for like 5-7 years and using those payouts to fund mutual funds each month? + +How the inflation will impact my rs 10lakh after 7 years. I dont know if its a good or bad or even stupid idea. + +It would be helpful if someone here can answer this analytically. + +Thanks. +[Source](https://timesofindia.com/business/india-business/capital-gains-dont-accrue-from-any-effort-finance-secretary-hasmukh-adhia-says/amp_articleshow/62762831.cms) +Let say i am interested in investing in small cap stocks. But i don't want to select any mf for that. I just want 2 or 3 small caps in my portfolio. So what if i scan through all small cap mfs and pick 2 or 3 out of them. + +Sounds stupid but don't you think it is still better than just picking random small cap stock ? Because let say if a big mf house like hdfc is having 3-4% weightage in a particular small cap stock then it must be at least not utter crap. + +Let me know what you guys think. + +Again i know i can just opt for a particular small cap mf and do lump sum or sip. But that's not the point here. + +Any valid criticism or opinion is welcomed. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Boyfriend went on a night out, London. + +Bank card gone and PIN somehow compromised. + +Several cash withdrawals, and over 10 card transactions. The bank will refund less than 10% of the pending transactions. Various stores. + +I assume they’re refunding the amounts which were small enough to not use the PIN? +CCTV will show it’s not my boyfriend spending in the shops or or checking into a hotel. + +Does anyone have any idea if there’s any chance of us getting any money back? +Police referred us to Action Fraud who’ve given us a crime reference number but no one really seems to care (don’t expect them to really) + +Has anyone got any ray of hope I can share with him to help him feel better or even just other horror stories to make us feel better please?? + +ETA: it’s his card and his PIN and his money gone, I’m just trying to support +Hello everyone. My University is closing all of its dorms on campus at spring break due to COVID 19 fears. My question is, my roommates and I have paid the university for the rooms for the entire semester, but they are kicking us out half way through. Are they legally required to refund us for the months we paid for but can't use now? Thanks in advance. + +Edit: this is an American University in Kansas if that changes anything + +Edit 2: Thank you all for the advice. At the moment I'm planning on sitting tight and waiting for the Uni to send out an offical statement before I do anything drastic, but everything you've all been saying has helped put my mind at ease, so thanks! +The r/place stuff is fun and all, and I'm always glad to see DRS posts, but what I *really* want to see right now is more discussion, theories, timelines, etc, on the coming stock dividend as per this past Thursday's 8K filing by GameStop. My life is shit (and has been for some time) and I need more of that Hopium. RC's most recent tweet makes me think major stuff is going down SOON. We all need to talk more about it, IMO. +Crypto should be FUN. It should support and build communities, while storing value and providing a platform for future wealth. And it should be ETHICAL. People must be safe to invest without the risk of developers abandoning the token, and each token should contribute towards a broader social good. + +FETA has been born from these principles!! They just launched almost 10 days ago, and have been listed into CMC just 2 days in! In this BSC token avalanche, teams have waited weeks to get approved. This is awesome news, and acknowledgment of the potential of the project by the Coin Market Cap team! + +3% burned +3% to holders +and 3% to a charity wallet. + +They just partnered with Sean Kelly, the founder of Jerseychamps + +Audited by DessertSwap and already at 3500+ holders. 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The token is now at $0.037 and it’s worth $37,000! + +* **3 Jackpots for different fishes:** + + * MAIN JACKPOT: Every 4 hours, fills with 2.5% transactions fee -> 🐟Hold 1000 $ROUL to be eligible + + * DAILY JACKPOT: Every day (10PM UTC), fills with 1.5% transactions fee -> 🦈Be top 60% ROUL holders to qualify (+1K tokens min) —> x3.5 times bigger + + * DIAMOND JACKPOT: Every Sunday (2PM UTC), fills with 1% transactions fee -> 🐬Be top 15% ROUL holders to qualify (+2K tokens min) -> x17 times bigger + + +I was skeptical until I saw the real winners in the telegram chat. 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I will be coming into some cash ($700k) next year and my family is pressuring me to invest it in farm ground. Mom and Dad own a lot of acres that they bought through the 70's and 80's, rent it out and it makes them a good living. + +I've been looking into it now though and for example there are 200acre ground going for around $1m. Average rents are $230/acre which only nets you $46,000/year. Even putting the full $700k down, I'd be barely breaking even on the mortgage of the rest of the ground and it would take something like 30 years ROI. + +How do people make this work or is Farmground just the slow game? +So I just purchased a 6-plex that cash flows and am currently looking at purchasing another building that cash flows. Seems like now is a good While interest rates are low but I’ve been reading a lot about guys getting over leveraged and loose their shirts in a down turn or housing crash Ect. + +What do you consider over leveraged as a real estate investor ? Most people couldn’t pay there house off if the bank ever pulled the note so what’s really the difference between owing 500k or 2mil. if things are cash flowing and able to pay for themselves how much of a concern is it. + +Does anyone calculate their loans at 5% to see if they could still stay afloat if rates rise. + +Other than the standard debt service ratios is there any other calculations people use ? +Are there any good RE podcasts to listen to? I've listened to a couple of BP ones but they just seem to be a bunch of success stories which are more entertaining than informative IMO. +Hello Everyone, + +I just joined this community 2 days ago and really liking reading through these threads. This is my first thread and I would like to know everyones story on why they got into Trading Forex. I was always a fan of the financial markets when I was in high school. I started out in the stock market at the age 18 and discovered that it wasn't for me. A buddy of mine have mentioned Forex to me and ever since then I was in love. I practised for 2 years and now feel confident in trading. I'm 20 years old, young in the game and confident in trading. +Cheers Everyone! +Before I got married, I was with someone else for 7 years. Debt was racked up to $20k. We separated, and I still had my debt. + +I got married, and my husband helped me make monthly payments on my debt and the debt we incurred together. I lost my job, and now we're living paycheck to paycheck (he doesn't make enough monthly to pay all the bills), and we use the saved money from our tax return to pay the rest of it. When that runs out, we have no money. + +He said he'll take a second job, but it's hard to find one. + +TL;DR: Should I figure out a way to pay off the creditors who are now charging me the full amount, or file for bankruptcy? +Hey there folks! Today I want to talk to you about what’s really going on in the stock market and what we should expected next… + +**\[Don't: Read Very Long Post | Dislike Before Reading\]** + +So, in the last couple of weeks, we have seen a very fast correction in the tech heavy Nasdaq [Index](https://imgur.com/aK26hjA) after the bond yields rapidly spiked over 1.5% for the 10y, as a lot of investors kept getting spooked by the employment numbers coming in slightly better than expected, though many important things are still hidden in those numbers. + +For example, last week we saw the US gaining almost 400K jobs, but this barely moved the unemployment [rate](https://imgur.com/7PJTWUA) which still stands at 6.2% (and this doesn’t even include people who just quit searching for jobs). Almost all of the job [gains](https://imgur.com/B3av5gb) were seen in the leisure and hospitality sector, which has started to regain some momentum after it was the most affected by the events of last year, as this sector is still down more than 3.5M jobs since a year ago. + +These past weeks we also [saw](https://imgur.com/yeudkin) jobless claims continuing to go down, with the latest initial jobless claims coming in at the lowest level since last early last year at just over 700K, as the continuing jobless claims also coming in at just over 4.1M. + +But guys, regardless of the jobs & unemployment numbers, the main thing that will keep investors on edge will continue to be treasury [yields](https://imgur.com/rDjy9fO), the interest rates and how this are affected by the inflation [numbers](https://imgur.com/awXUGgw) which are expected to see a huge bump in the next months as we will have very low comps compared to last year when we saw the rona starting to pick up steam. + +We can see [here](https://imgur.com/QbuiSot) the core inflation came lower this month with an increase of just .1% which jolted the stock market and started a recovery after the sell-off in the past weeks. + +Given that tech names & EVs were some of the biggest hit stocks we should also take a quick look at NIO, as the company lost almost half of its value in the past month, dropping from over $66 to just $35 after the big sell off in the past weeks. + +NIO’s drop was also amplified probably by the fact that they posted mixed [results](https://imgur.com/t0jRJEW) for the 4th quarter of last year, as they just missed the top line but did manage to post a solid beat on the company’s bottom line, losing just $0.14/share. + +Investors might not have been happy to see a guidance of just 15% above their 4th quarter given the huge valuation and expectations of the company and the huge global chip shortage that will limit NIO’s production capacity to just 7.5K/month in the 2nd quarter of 2021. + +I still have a mixed opinion about NIO’s stock, but after this huge sell-off, it has become more attractive given the continued [growth](https://imgur.com/cI1TNWJ) of sales the company has seen in the last years, while I also believe NIO will remain one of the winners of the EV disruption. + +The other stock that I wanted to mention after what has happened in the past weeks is Zoom. + +I really like Zoom’s products and I understand the hype of the stock, but I also really believe they will struggle to keep the huge growth rate going, as the company might have seen its peak growth after the massive work-from-home movement in 2020. + +[Zoom](https://imgur.com/UygZxJZ) also reported a beat on the top & bottom line and I expect them to continue to have another great first half to start 2021, but after that, the company will have very though comps to go against, which might really put some downward pressure on the stock, especially as more people go back to their workplaces. + +You can see, even the company doesn’t expect the huge growth to continue, with the revenue growth expected to only slightly continue to grow during 2021. + +Zoom is valued at almost $100B which is really hard to justify unless the company continues to innovate and bring more & more products to the market, as the industry they operate in will only become more competitive over time with other big players like Google, Microsoft, Salesforce & many others looking to take market share. + +Guys, if you are still in doubt about what to do next in the stock market, you should just take a look at the chart below and start thinking long term, because investing, if you are really looking to make money is all about the long-term. + +You can see [HERE](https://imgur.com/ZlO593t) in the past 100 years we've had 8 bear markets previous to the one we saw in 2020, with the average bear market lasting just 1.4years compared to over 9 years for every bull market with a staggering difference in gains vs losses as well. + +We can also see in this [chart](https://imgur.com/wM39iSQ) that it only took 15 days for the Nasdaq to enter a 10% correction this time, but you can see the average 12 month return after a 10% correction is almost 30% which is huge, with the likelihood of the index posting a positive return in the next 12 months standing at over 90% + +So, given that we had a bear market last year, I believe it’s highly unlikely that we will see a huge drop in stocks even if yields continue to rise, as the real return of the treasury yields will continue to be close to 0, as I don’t expect them to jump more than 2% for the 10y anytime soon. + +Moving on, I recently saw some [comments](https://imgur.com/I3ijkKT) made by David Tepper which I wasn’t really aware of but which made a lot of sense to me, he highlighted that the other downward pressure put on treasury yields, which will keep them in check, will come from investors in other countries like Japan, Germany & many others, as the US treasuries have become way more attractive than others. + +One other thing that I think should be mentioned is that the [Dow Jones](https://imgur.com/undefined) has continued to make new high after new high in the past week, being led by companies like Disney which has just surpassed 100M [subscribers](https://imgur.com/fCTDNGX) on their Disney+ platform while also getting a boost from their other revenue streams starting to come back online, and of course the stock that has led the DOW in the past week, Boeing, as the [company](https://imgur.com/K6SPGY1) had more sales than cancellations for the first time since November 2019 as the 737 MAX crisis is finally starting to fade away for the company, with even more possible [deals](https://imgur.com/4XYgfs9) likely to close in the next period, as airlines start to have a better view of what the future will bring for them. + +Friends, you shouldn’t be scared of stock market corrections or dips as we have [seen](https://imgur.com/74dAwZO) a 10% pullback once every 11 months as you can see, with the frequency of bigger crashes decreasing significantly, but as always, because we are highly emotional beings, it’s very hard for us to handle our emotions after a series of red days. + +You should remember though, most often than not, the best way to go is just to ride out the dip and even starting deploying more cash into the stock market the more it drops. I think you should develop a strategy of not selling on big red days and deploying an increasingly higher % of your cash into great stocks the more the stock market drops. + +I also fully expect some part of the next stimulus check, which was just signed by Biden, to end up in the stock market, which might help push the stock market on the right path despite increasing pressures from rising yields and possible short-term inflation fears. + +**So just to end this post guys, is the stock market going to crash? My short answer is NO!** + +I don’t expect that to happen any time soon. Even if we continue to see volatility in the stock market you should use that to your advantage and smartly deploy cash into great companies, which leads me to my other question, should you buy stocks today? Well, at the moment of writing this post, futures are currently trending down pre-market (SP & Nasdaq in the Red, Dow +0.2%) and If they continue to do so it might be a good chance to deploy some cash, but don’t rush into the first red day you see, slowly build your positions or add to them. As a rule of thumb, I like to buy more once a 5% dip occurs in the stock market and slowly deploy cash the more it drops. + +**Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time❗** +One of the biggest talking points today is the inequality of wealth and how decrease it, but I’m wondering if it’s just a moral discussion or does it have a positive impact on the overall economy? +For example let's say that the newest phone it's priced at 899, the difference in sells between that price and the same phone at 900 will be worth it for the seller? +There’s a common belief that landlords will often charge more for a tenant to renew their lease than what they would otherwise charge a new tenant to rent the same unit. This is because the landlord knows the switching costs (time to pack, time to find an equivalent unit, cost to rent a moving truck, etc) are much higher for a current tenant than what they incur as the landlord. + +It seems like yes, it’s an inefficiency because the asset (the renewal) is not priced at it’s true value, and the landlord is able to profit from this inefficiency. + +Am I correct that this is a market inefficiency, and if so, can you describe why that is? I’ve been researching for awhile and haven’t had much luck. +I think that lower costs in movement of goods, communication, and people make it easier for countries to specialize and create both internal and external economies of scale in their comparative advantage sector(s), but i feel like i am missing something... +According to Federal Reserve sources collected by [USDebtClock.org](http://www.usdebtclock.org), the total debt of the United States (all private + all public) is at 69 trillion US Dollars. + +This accounts to a $829,452 **per family** in the country. At the same time, [savings are falling](https://tradingeconomics.com/united-states/personal-savings) and the real wage shows no sign of recovery from its long stagnation. Also, about 45% of the college graduates [are working on unskilled jobs (2015)](https://www.huffingtonpost.com/felix-w-ortiz-iii/college-grads-are-still-hurting-over-debt-and-joblessness_b_7449460.html), much of them still on college debt. + +Also, the website lists "Unfunded Liabilities" summing $112 trillion, leaving a $923 thousand obligation **per taxpayer**. + +How could all this debt be paid? Does this pose a threat to the World (and the US) Economy? Could this debt lead to an economic crisis? +This isn't a question about any specific central bank system, but rather the idea in general. From what I can tell, it is considered important for central banks to be separate from other political positions, to be "apolitical". But what does this actually mean? Obviously there is a wish to escape from the party-bickering meaning of politics, but central banks do make normative actions and policies based on political or economic philosophy. The 'dove v hawk' distinction as one example, to my limited understanding (I am a complete amateur when it comes to economics) is nothing but a political decision. Not a party-politics-esque one admittedly, but still based fundamentally on ideology and political values. + +So am I missing something? Do economists see central banks, and important positions such as Chairmen and Directors, as apolitical, and if so how is this so when policy decisions made by central banks cannot be simple science, there must be a given goal - and this goal is a political one. + +EDIT: Another example of why I ask the question, from the website of US FOMC + +>to influence the availability and cost of money and credit to help promote national economic goals. + +What are these goals, how are they determined, and how are they apolitical? + +EDIT 2: With the members of central banks composed mainly of bankers and financiers, does this not also add an element of invariable politicization considering the position that these people have in society, a position oft-criticized. Wether this criticism is truly valid does not matter, the fact it exists demonstrates another way central banks cannot possibly be apolitical. +Hi all, + +&#x200B; + +Just wanted to ask if anyone could help answer the question or direct me to some resources to answer "Can every company make a profit?" + +I did read up on the Kalecki profit equation but don't think it answered the question I was thinking of + +Basically are profits a zero sum game? for some companies to make a profit, do others have to make a loss? + +I tried to think of a basic toy model of having 2 companies who are one person companies. + +Company/Person A makes 2 loafs of bread in a day. Company/Person B filters water from streams to fill 4 jugs a day. + +Assuming that + +1. There are no resource costs. They just grow their own ingredients or built filters from scratch from stuff they get from nature +2. There is a currency where 1 dollar is priced for a loaf of bread or 2 jugs of water. +3. In order to survive, not die from starvation or thirst, you need to eat a loaf of bread and drink 2 jugs of water. So their labour cost is 1 loaf of bread and 2 jugs of water a day + +&#x200B; + +Given that they then trade and each end up with 2 jugs of water and a loaf of bread and that profit = revenue - cost, does that mean both of them make a profit of zero? + +&#x200B; + +So if production then increases to 3 loafs of bread a day and 6 jugs of water, and they sell 2 loafs and 4 jugs, do they then end up with profit of a dollar each? + +&#x200B; + +This assumes there is enough dollars in the first place of course + +&#x200B; + +I was just curious as I read somewhere that 1/4 of companies in the USA were not making a profit. + +&#x200B; + +Is there any toy model explanation of this somewhere? + +&#x200B; + +Thank you + +&#x200B; + +&#x200B; +Here's the scenario +Representatives from blue states vote to lower federal income taxes. That should pass easily. Blue states then come together to launch single payer healthcare in their states funded by state taxes (income, sales, property) + +What makes this unfeasible? + +Is it that people will move their taxable income/sales to other states? Or is it that only federal government can take on deficit funding and that's the only practical way to fund something like universal Healthcare? +I’m 27 and work at a faang and basically am living at home like a loser due to covid ; I take 90 pct of my income and have been investing in growth stocks for a few years now . I live quite frugally and barely spend money unless it’s to support family . + +Is it really worth this life style to basically piss away the prime years slaving in tech and hoping for some retirement ? +Some people really think that it’s too late for people to make considerable amounts of profits from cryptocurrencies anymore and that the days of 100x and 1000x are long gone. + +***This is FAR from reality for a multitude of reasons.*** + +&#x200B; + +# Market Cap: + +As of the writing of this post, the market capitalization of the entire cryptocurrency market sits at nearly $1.15 Trillion + +This might sound like a lot on its own until you start comparing it to all the other financial markets and realize how minuscule this number really is. + +Amazon stock ALONE has a higher market cap that the entire crypto market. Yes, read that again. A lone stock has a higher market cap than the entire market. + +This just shows how much untapped the crypto market still is. There are still a lot of individuals and companies that still didn’t invest in the market. + +Speaking of which, lets talk about the next reason. + +&#x200B; + +# Percentage of adoption: + +As of now, only around 1% of the world owns cryptocurrencies and that is most definitely an inflated estimate considering that many of us own more than one wallet. So the actual number is WAY less than advertised. + +A lot of Americans and Western Europeans think that crypto is “famous” when in reality this not true whatsoever. + +There’s still a HUGE number of people that have no idea what crypto, Bitcoin or a blockchain is, let alone own an actual crypto wallet. The farther you head away from Northern America and Western Europe the more you start realizing this. + +We can say this especially when it comes to continents like Africa. + +A lot of the countries in Africa are unfortunately underdeveloped and thus didn’t have the luxury to learn about crypto. + +And while the absolute number of people who own crypto in Africa is low, this doesn’t change the fact that Africa right now is indeed one of the fastest growing in terms of crypto adoption. It scored more than a 1000% increase in crypto adoption last year and we’re already seeing a lot of Web3 organizations like BitDAO working on accelerating crypto and Web3 adoption in Africa through funding autonomous entities like AfricaDAO which I think is a great idea because it would give some African countries a well needed taste of self-governance. + +Then there’s the fact that some African countries are now ditching their failing currencies and sending cryptos through SMS to each other for around a $5 fee. + +&#x200B; + +# Longevity and establishment: + +The crypto market is fairly new to the world. Some of you think that 13 years is a lot but in reality this is nothing compared to the already well established markets like Forex and the stock market which have been around for decades and centuries. + +There is still a lot to discover and develop inside this market as it has yet to establish itself in the mainstream world and more importantly in the retail world. + +Once mainstream retail companies start working fully with crypto payments, that’s where we can start even remotely talking about mainstream status. + +Bottom line is, we are indeed still very much early in this market. We are just experiencing a slow phase when it comes to profits because the entire global economy has been suffering for a couple of years now. + +&#x200B; + +&#x200B; + +There’s still a ton of potential and as I said, we still haven’t seen real adoption from major retailers so at least wait for that before saying “we’re too late” +Hello all, just some quick background info. Upper 20s in MCOL area. 2mm in liquid investments, house is fully paid off. My partner and I are in the 35% tax bracket. I just got offered to join my mega corps deferred comp plan. Before it is brought up I am not worried about credit risk at this company. What is everyone’s thoughts on me deferring enough income to drop us to the 24% tax bracket and start receiving the DC at age 45-50. From what I’ve read it seems like consensus is I am too young and too much uncertainty ahead to take advantage of the NQDC plan? Appreciate any insight or thoughts. + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +**No default tomorrow. US Futures shot up after this news. Chinese markets were closed on Monday and Tuesday and everybody was expecting Evergrande to default tomorrow. No info on the fate of foreign bondholders in certain, but it is to be believed that they will most likely get stiffed. This is for the onshore bonds** + +SHANGHAI, Sept 22 (Reuters) - China Evergrande Group's main unit Hengda Real Estate Group Co Ltd said on Wednesday that it would make a bond interest payment on Sept. 23. + +In a statement, Hengda said it would make the coupon payment on its Shenzhen-traded 5.8% September 2025 bond. + +https://finance.yahoo.com/news/china-evergrande-unit-says-onshore-010722046.html + +Moreover: + +PBoC Boosts Daily Liquidity Injection To CNY120Bln +- CNY60Bln Via 7 Day Reverse Repos At 2.20% +- CNY60Bln Via 14 Day Reverse Repos At 2.35% + +Evergrande statement (in Chinese): http://www.szse.cn/disclosure/listed/bulletinDetail/index.html?de76dbdd-9cec-41d4-9940-1fa99484ac4a +Let me clarify this immediately : noone's jumping ship from GME to AMC. + +Actually, isn't the fact that AMC is skyrocketing even more confirmation bias? + +We're seeing live what GME is going to look like soon. We're also witnessing what many apes predicted the past couple days : AMC is squeezing first to make us waiver and doubt. + +But we're more retarded than that, aren't we? Our brains have juuuust enough wrinkles to watch that and go "haha AMC go brrrrr, GME GO BRRRRRRRR NEXT" + +To me, seeing GME get closer and closer to the 300 mark is nothing but a nostalgia hit. It reminded me of what we've gone through to get here. It's been a long trip but the sun is setting for Citadel and Co, and rising on the Planet of the Apes. + +We stick with our favorite ticker, we hodl and vote and wait for the rockets to launch us into space. + +Be strong, fellow apes, we're in this together until the end! +I’m sure a lot of you have already read this in the comments I posted last night. I will post it in its own topic. A lot of people in the Dodge message board have reported to me numerous problems throughout the last couple hours. Within the last half hour people have been receiving messages that they are restricting these buying and selling of Doge “ at the moment” + + +If Shitadel is m connected to Robinhood acting as a clearinghouse… Who knows what the future could bring even if that’s not the scenario, this could be the catalyst that will initiate the margin call. + +Posted last night roughly at 10:30 PM +“ I think they’ve been golden frogged. +Since 10 o’clock Robin Hood has not allowed my fiancé to sell her doge with a constant error message and an eventual pending that has not moved. Here’s my theory I’m guessing another “liquidity” problem. + +I think they’ve been golden frogged! An unexpected rush of margin deposits with same day selling is clearing them out. Think of it like this because they Automatically subscribe you into there instant deposit system that gives you X amount until deposited but is taken out of the bank a few business days following. + +I learned citadel is it’s own clearinghouse and I suspect citadel is the majority clearing House of Robinhood. That means if they have used up all of their liquid assets during a flood of instant deposit, they will not have any liquid cash available until all flood of today’s deposit process. That processing time usually takes 3 to 4 days when it comes to Robin Hood. That could leave both Robin Hood and Cedardale naked handed tomorrow without any access to play the game. + +At the same time it’s also forcing them to pull more illegal Fuckery just like the January 28 GameStop incident. The golden frog!” + + +Here is my topic explaining the “golden frog” + +https://www.reddit.com/r/GME/comments/mqn7px/i_think_i_finally_correctly_decrypted_the_frog/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + + +Here is a topic I created in the Doge forum right after the market opened. I asked people to comment if they are having any problems buying or selling Doge on Robinhood: + +https://www.reddit.com/r/dogecoin/comments/ms4f6p/i_need_a_new_trading_app/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Let me first say I'm American, and in the south, so I get a lot of anti-government/anti-tax people starting conversations with me. + + +I get into it all the time with people who advocate "fair" taxes and flat taxes. I am of the opinion that these taxes are regressive and shift the tax burden to those who can least afford it, but I often find myself backed into corners where I have to admit that I want corporations to pay a large portion of their profits in taxes. What are some key points I can use to drive home the necessity of a progressive tax? + + +**TL;DR** How can I prove that progressive taxation is the only feasible tax system for America? +I blame these YouTube gurus for promoting the idea that anyone can become wholesalers and make big checks in no time, all these new wholesalers are irritating me. A wholesaler posted in our Facebook group posted: SFH 100k asking price rehab 20k arv 370k. When I looked up the property it was worth around 20-25k as is. And comps in that area sold for 90-140k rehabbed. For the fun of it I asked him how he came up +With the arv and rehab costs since he’s never been to the property or had quotes from gc. He finally caved in and told me he had the property under contract for 15k and was trying to make a big commission and lied about the arv and rehab. Be careful of these wholesalers guys!!! +Hello! + +Not sure if this is the right sub for this but will find out if mods take it down, + +So my current career takes up most of my life, I work in entertainment, it’s 60+ hours a week, all evenings and weekends, I’m always away from home, there’s no work- life balance, The wage is the only thing that makes it worth while (£45-50k PA) but after 10 years is starting to wear thin.... + +My question is what do people do for work? I’m not looking for the £100K a year while working 2 hours from home, it’s a £30k a year 40-48 hours a week, something that isn’t completely dull but gives you a chance to get a work life balance! + +I have a lot of skills, IT, People management, budget control, scheduling.... all the usual bits from a management end of things (I’m a HOD in my current role) + +What careers do people do with these skills? What are the niche jobs out there? Essentially I’m looking for ideas, and maybe I can inspire others! + +Thanks in advance! +Just saw this scary bit of news. First American had a site design flaw that exposed sensitive personal info including bank account and SS numbers to anyone with no authorization required. First American handles title insurance which is often required for any home purchase and often includes a lot of confidential info for both buyer and seller. + +[https://krebsonsecurity.com/2019/05/first-american-financial-corp-leaked-hundreds-of-millions-of-title-insurance-records/](https://krebsonsecurity.com/2019/05/first-american-financial-corp-leaked-hundreds-of-millions-of-title-insurance-records/) + + +Edit: spelling +Interest rates are as low as they can go, realestate’s becoming unaffordable to many, there are less $50 dollar notes in circulation than ever before (probably under mattresses), a lot of home owners are mortgaged up to the hilt and they feel like interest rates are going to rise, people are edgy about the markets awaiting a seemingly inevitable COVID correction (unfounded or not), our GDP may well face a world that doesn’t want Carbon with their fries and we’ve also elected a lot of seemingly self absorbed people. From what little I understand this seems to tick all the boxes to edge Australia into a stagnant economy, decades of low rates but zero growth, money under mattresses and a sludgy retail sector, a booming tourism industry to keep us going as long as it doesn’t all catch on fire/flood/bleach/pandemic again. This seems to be referred to as a liquidity trap and Japan still hasn’t found a way out. I’m not usually such a pessimist but foresight is the full half of the glass when money’s involved. 👍 + +- ‘Uneducated novice’ +The Fed has been saying since November that they would hike rates 6 times during 2022, sometimes 0.25 and sometimes 0.50. By now, this is old news. The message hasn't changed. Yet, every single time anything is said about this, the general market seems to have a fresh panic sell-off, with growth stocks (e.g. the segment of the biotech industry represented by XBI) dropping to record lows. The recovery in-between news cycles doesn't cover the lost ground. + +Why aren't the Fed rate hikes priced in by now? What would it take for this trend to bottom out? +So read an article [here on yahoo](https://finance.yahoo.com/news/credit-card-debt-interest-rates-174011574.html) saying that with inflation making everything more expensive, instead of Americans holding off certain purchases they keep buying by instead running up their credit card debt like crazy. + +Now my question.. when do you see this consumer credit bubble collapse? I mean it seems in the US people can just keep piling up debt, opening new credit lines, so anybody can put a timeframe on when something like this will go wrong maybe based on how this went historically? Or can this really keep going for a long time before anything happens? + +I live in Europe and over here you get rejected alot faster while in the US it seems credit card companies don't care giving away more or new credit thinking worst case they can be bailed out again. +As stated above, there are lots of us like me who are financially okay now and are going to do a few fun things for ourselves but for the most part plan on spending the majority of our Moolah on our communities and so forth. There are those of you who have a fraction of a share or one share or whatever and this money is going to make your life pleasant for you and your family until you leave this earth. Don't for one second feel any guilt that you are not going to give any money to anybody else. There are those of us who are going to have the ability and will gladly take that role. But I don't want anybody on here or in your personal life guilting you into giving any of this hard-earned money away when the truth of the matter is it's needed just to make your own life fantastic! + +Cheers to ALL of us who have earned every God damned dime coming our way!! 🥂🥳 + + +POWER TO THE PLAYERS!!! + + +💎🖐🦧🚀🚀🚀🚀🚀🚀🚀 + + +Edit! First and foremost thank you for the awards all you lovely people! Secondly, it's fantastic to see everybody's dreams! Thanks for sharing with me and the rest of us Apes what's passionate to you! + +To the very few naysayers- quit being a naysayer! I don't expect people who only clear a million or two after taxes because right now they only have a fractional share or whatever to donate their money to other places. Quit being a jerk by implying that they should! There's plenty of the rest of us on here for that! +I’m one month into investing. Started just buying whatever stock I read about on Reddit. Ended up with a bunch of penny stocks in weed and tech. Then got scared and switched to ETFs. So far I’m down .10 percent so pretty meh performance. + +I’m reading everything I can about value investing but can anyone explain their method of determining intrinsic value in a straightforward way? + +Can anyone learn value investing or should I stick to Vanguard ETFs? +Buffet, Lynch, and other value investors tout that they would scour through books of stocks to find undervalued companies. I know they didn’t take the time to look into the financials for every single company, so what test must first pass before they look into the full financial rundown? What have you found to be your first metric a company must pass? +So I saw a lot of "buy the dip posts" lately about Meta. These big drops can provide opportunities, and I like to look at it from a risk-reward standpoint. I wanted to dig in after the recent drop, see what it is it worth, and check whether it has enough Margin Of Safety. I've excluded in-depth analysis of the Metaverse since I still find it a very vague concept and their revenue from Reality labs is only 2%. + +Based on my assumptions its fair value is around 180$-210$. + +Don't get me wrong here, I think the business has a great moat and is a cashflow machine. There is no doubt there. However it is always it important to take into account the price. I will keep monitoring this company, for my standards it doesn't have enough Margin Of Safety. + +You can find the [write up here.](https://www.financialstockdata.com/meta_write_up) +Our son is a rising sophomore, and we are in need of a full service College Admissions Counselor - advice on everything from classes to take, clubs to join, and summer activities. We have his college tuition covered, and now just want to help him get into the best school possible (he has Ivy potential). Location - NYC Tri state area. Budget - 5 figures. Any experiences or advice on which counselors are the best? +https://pbs.twimg.com/media/EZrJimOXkAAoXyv.jpg + +Why should tax payers pay for loan interest amount accumulated by borrowers? This is his total waste of taxpayers money +I’m 23, in the north of England, and currently earning around £27k working for a medical regulator. The money isn’t bad for my age but career progression is limited and I would like to earn more money, mainly so that I can live alone instead of in a flatshare. + +I’m a little lost in terms of career paths (I have a geography degree, heard all of the jokes) and regret not studying something more valuable like dentistry. + +As I’m really not sure what I want to do/what I’m interested in (thanks depression) I’d like to hear what jobs people who earn over 30k are doing and how they got there? + +ETA: Thank you for all your comments it’s been very helpful, I think I’ve had a very sheltered life because I wasn’t aware of a number of these options + +Looking for a position in the civil service or another regulator seems like a logical first step and I’m going to start looking into GIS and accountancy courses while I have extra free time for longer term prospects + +I’ve also realised I need to stop listening to other people’s complaints about money and career progression and stop internalising them + +I also think I need to revisit flat searching at some point because apparently I don’t need to be in a flatshare 😬 going to see where all my money goes this month +I bought 15 at ~$500. Sold today @ $15k. + +It feels good to pay off my mortgage! I know I should HODL, but getting the debt gorilla off my back was too big of a temptation to resist. + +But I'm sure I'll regret it 10 years from now. Or sooner. +**PsychoMarket Recap - Wednesday, November 11, 2020** + +Stocks rose today as tech shares recovered some of their recent declines. Market participants continue to closely monitor developments around a coronavirus vaccine and other treatments. The Nasdaq (QQQ outperformed the market, finishing 2.24% up. The S&P 500 (SPY) finished 0.76% up, and the Dow Jones (DIA) underperformed, finishing 0.1% down. + +This week, so-called reopening stocks, like cruise-lines, airlines, hotels, and brick-and-mortar stores rallied on the backs of Pfizer’s vaccine announcement. Hopes that drug-makers are closing in on developing and getting approval for a coronavirus vaccine stoked consumer confidence in getting out and traveling. + +The jump in reopening stocks came at the expense of tech stocks that have so far greatly outperformed the broader market throughout the pandemic. This week, the Nasdaq posted back-to-back declines of more than 1% before today while the Dow Jones gained around 4%. Same story in the S&P 500, where financials, industrial, and energy sectors have outperformed tech this week, after greatly lagging year-to-date. Michael Arone, chief investment strategist at State Street Global Advisors said, “Investors have gotten a lot more comfortable with the election outcome, with progress on COVID-19 solutions, and what again was a very solid earnings season. So I think they’re looking ahead to 2021 and anticipating, perhaps, much better-than-expected economic growth and earnings growth. And so they’re pivoting towards more cyclical, value companies and a bit away from the technology.” + +This week, a number of notable analysts upgraded their near-term expectations for the market. Goldman Sachs (GS) raised their year-end price target for the S&P 500 from 3600 to 3700 and to climb to 4300 by the end of 2021. JP Morgan (JPM) also raised their estimates, placing a price target of 3600 by year-end and 4,000 by early next year, with the potential to then rise further to 4,500 by the end of 2021. JP Morgan analysts said, “After a prolonged period of elevated risks (global trade war, COVID-19 pandemic, US election uncertainty, etc.), the outlook is significantly clearing up.” + +**Highlights** + +* TikTok's Chinese parent company ByteDance has asked a U.S. appeals court for additional time to work out a potential divestiture of the popular video-sharing app, citing a lack of communication from the Trump administration with a Thursday deadline looming. +* Facebook (FB) and Alphabet (GOOG, GOOGL) plan to continue banning political ads on their platforms for the next several weeks to prevent confusion about election results, according to people familiar with the matter and an email reviewed by The Wall Street Journal. +* U.S.-listed Chinese electric-vehicle producers -- NIO and Xpeng (XPEV) as well as Li Auto (LI) -- are all about to report third-quarter numbers. Stakes are high because the stocks have been on a monster run. The numbers are sure to be good, but after such a run in the market, will they impress Wall Street? +* Alibaba (BABA) set a new sales record for the annual Singles Day shopping event, a feat that was overshadowed by a stock plunge caused by proposed new Chinese antitrust regulation. + * Gross Merchandise Value, a figure that shows the total value of orders across Alibaba’s shopping platforms, was $56.42 billion, a new record for the company + * The State Administration for Market Regulation released draft rules on Tuesday that, for the first time, defines what constitutes anti-competitive behavior. It covers areas including pricing, payment methods, use of data to target shoppers. +* China’s auto sales grew 12.5% in October but are still down YoY because of the coronavirus pandemic. +* Advanced Auto Parts (AAP) with target raise by Morgan Stanley[ $MS](https://twitter.com/search?q=%24MS&src=cashtag_click) from $148 to $190 +* Affimed (AFMD) target raised by SVB Leerik from $8 to $9 at OUTPERFORM.Stock currently $4.40. +* Anthem (ANTM) target raised by Piper Sandler from $330 to $369 at OUTPERFORM. +* Argenx (ARGX) with target increase by Morgan Stanley from $281 to $295 OVERWEIGHT. +* Blackrock (BLK) target raise by Deutsche Bank (DB) from $685 to $794 at BUY +* Brooks Automation (BRKS) target increase by Needham & Co. from $72 to $77. Stock currently around $59.5 +* Datadog (DDOG) with target increase by Needham & Co. from $106 to $109 at BUY. Stock currently around $92.50. +* 89bio (ETNB) with target raise by SVB Leerik from $51 to $56 OUTPERFORM. Notable bc stock is $24.30 +* Intercontinental Exchange (ICE) target raise by Deutsche Bank (DB) at $125 BUY +* LYFT with too many target increases to list here. Average rating is BUY with average price target of $45 +* Moderna (MRNA) target increase by Morgan Stanley (MS) from $90 to $100 OVERWEIGHT. +* ServiceNOW (NOW) target increase by Barclays at $650 with OVERWEIGHT rating +* 1Life Health (ONEM) with several bullish target increases. + * Morgan Stanley (MS) at $41 OUTPERFORM + * Piper Sandler at $44 OUTPERFORM +* Oak Street Health (OSH) with two target increases. Stock currently around $49.50. + * SVB Leerik from $55 to $78 OUTPERFORM + * Robert W. Baird from $55 to $60 OUTPERFORM +* Signature Bank (SBNY) target increase by Credit Suisse from $107 to $120. Stock currently at $101.5, almost 20% implied upside +* UnitedHealth Group (UNH) target increase by Piper Sandler from $385 to $409 OUTPERFORM +* Aurora Cannabis (ACB) has priced 20M units at $7.50/unit, for total gross proceeds of $150M. Stock was down more than 20% in the morning before rallying in the last few hours of the market session. Crazy price action! +* The US videogame industry hit a new record in consumer spending in 3Q, reaching $11.2 billion, a 24% rise YoY, according to NPD Group. Also projecting a record-breaking 4Q. +* GrowGeneration (GRWG) going off like a rocket after-hours. This is one stock we love and have repeatedly recommended, + +"If you set your goals ridiculously high and it's a failure, you will fail above everyone else's success." -James Cameron +Norwegian Einar Aas lost $117 million in a power bet. He has been famous in Norway for many years for consistently beating the market. + +Many companies now have to pay to the default fond. Can someone ELI5? + +https://www.bloomberg.com/news/articles/2018-09-14/nordic-power-whale-s-losses-on-nasdaq-another-blow-to-exchange + +edit: and why are companies a part of the default fund? What do they get out of it? + +edit 2: this case reminds me about another Norwegian, Idar Vollvik. He sold a company with a profit of about $120 million. He day traded with it all and also got margin called. He went completely broke, just like Einar Aas here. Why not put away 10% if you screw it all up? For Aas, I guess it would not have mattered since he did it all as private person. +https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html + +only wall st, no tech st. +50% owner in business. Other owner is non-active and leaving decision to me. My NW 4.2M excluding this business. + +Volatile and exhausting industry. Business operates 24/7, 365 days a year - as it’s grown it’s exhausted and worn me down with employees. Additionally, we live in a remote and cold area which is in the heart of operations, which is not a life I pictured for my small family. (Blessed in some ways, cursed in others) + +Given the type of industry - if we sold the business, it would generate the same amount of free cash flow (around $5M for me) as I could make in the next 3 years, assuming status quo no growth, obviously no guarantees though. (And there’s substantial asset value left on the table if sold too). It’s likely that selling would tie me into working a 3 year earn out, I often wonder if it’s even worth it to sell but I fear no exit too. + +But as my wife says - after 3 years it’s all to easy to get sucked into another 3 years and question - when is it enough, while sacrificing living in an isolated and cold community. + +I don’t want to get too far down the years and then regret I didn’t get out when I could and by then my family will be settled… or I had spent my younger years living in a freezing climate with very little other than work. Inversely, I also don’t want to kick myself later in life for walking away when the money was good and there was more expansion potential. + +Any advice from those thinking about selling or have sold their businesses? At what point do you know it’s time or leave? + +Any comments and ideas, very grateful. + +Thanks +Hey guys, I'm quite new to investing (started in April 2020) I just turned 20 and I've had moderate success so far turning $2500 into around $13,000. I'm currently all in on $DMGI with 4269 shares ;) at an average of 2.62 because I believe it has long term potential especially heading into 2022.Basically I'm asking what are your guys thoughts on the stock? should I sell out at a break even or would you hold? +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +Hello Traders! Starting now on, every weekend discussion will be for Loss P\*rn and Gain P\*RN. We want to show off some gains and give rewards to the unfortunate who lost their mortgage + +\- Use [Imgur.com](https://Imgur.com) or other links to show off your glorious gains, losses and recoveries + +Still use this is a unfiltered discussion threads. Mention tickers you are happy about and tickers you will enter soon + +**NEW SUGGESTION**: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly, Add** 🚀🚀🚀 **and happy trading** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +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" +Just received a (confirmed) legitimate email from ING saying that my accounts are being cancelled. No reason why. Just that they are. Upon calling them and confirming the legitimacy of the email, they have doubled down on telling me absolutely nothing. Just the time frame I have of getting my money out etc. Upon talking to a friend about this he said another friend has also had his account canceled for absolutely no reason. Only thing he was told was “policy reasons”. Was put through to a manager who said he’s “legally not allowed to tell me and that’s why he’s not given the info” + + +Has anyone else had this? This is just insanity. +[https://moneywithapurpose.com/professional-property-manager-or-do-it-myself/](https://moneywithapurpose.com/professional-property-manager-or-do-it-myself/) +Communal promotion is the shitcoin trump card, an ace up the sleeve. Search for a token with high levels of *communal promotion*. Once you find it you want to watch the rhythms of it's price dips and determine yourself a support level. + +Wait for a *savage* price dip. The token is seemingly tumbling toward it's grave and nearly all hope is lost. At this moment if you believe the community is zealous, strong, and in the good esteem of the gods. If the winds are right and the auspices good - consider (^(not financial advice)) purchasing a large amount just once. Keeping a reserve for one further *savage* dip is advised. Put the tokens immediately on a trezor or ledger. Get an engraver and some titanium plates for seed keys then lock it all away for a minimum 6 months. Congratulations on your fortune. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +... + +While you're here, two dependable moonshot assets a fine internetperson like yourself could sink their teeth into are; STAK and HOGE + +|$STAK|EXQUISITE|YES| +|:-|:-|:-| +|$HOGE|RIGHTEOUS|ABSOLUTELY| +Thoughts on this? + +"IRA owners who are adversely affected by the coronavirus pandemic (and there will be plenty of them) will be eligible to take tax-favored coronavirus-related distributions from their IRAs. To keep things simple, let’s call these distributions CVDs. They can add up to as much as $100,000. You can recontribute a CVD back into your IRA within three years of the withdrawal date and treat the withdrawal and later recontribution as a totally tax-free rollover." + +"In effect, the CVD drill allows you to borrow up to $100,000 from your IRA(s) and repay the amount(s) any time up to three years later with no federal income tax consequences. And there are no limitations on what you can use CVD funds for during the three-year period." + +[Source](http://www.marketwatch.com/story/coronavirus-stimulus-package-tax-relief-withdraw-100k-from-your-ira-and-repay-in-3-years-with-zero-tax-liability-2020-03-27) +Once I think SPY has reach its bottom (basically we already know all the variables, we have vaccine, etc), Wouldn't a good idea would be to rack up cheap call LEAPS to where I think SPY or any other option could potentially reach in the future. If an OTM cheap LEAP reaches it, I almost see it as free money except for the potential time decay. +https://www.cambridge-news.co.uk/news/uk-world-news/tesco-clubcard-vouchers-shoppers-overcharged-19100314 + +Anyone noticed this tactic from Tesco lately? They've been setting "low" prices if you purchase via Clubcard and hiked-up prices without it. + +Seems like another shady data collection tactic. +I've been living in poverty my entire life. My family of 7 didn't eat breakfast unless we could afford a box of Kix, usually skipped lunch, and then shared a box of Kraft dinner between ask of us. If you were still hungry after that, my mom would break out the Top Ramen packs. I didn't try most of the vegetables I love now until I was an adult. You bet I'm overweight because my entire diet consisted of awkward fasting and carbs. + +We lived in a 2 bedroom apartment, all the kids in one room. My mom was a casino dealer (who often tried to gamble her tips at the end of her shift) and my step dad was a deadbeat. + +I'm now 27, and I've been carrying the debts and horrible spending habits my entire adult life. But recently, as in this month recently, people have been actually commissioning artwork from me, and all of a sudden I have enough in my accounts to pay off my credit cards and collections notices. I have 1 credit card left to pay off. It's down to $1000 and I'm honestly in shock. I'm so close, and there's this part of me that's kind of afraid to feel what it feels like to not be in debt. Being in debt has been my main motivation to making money in the first place. It's a constant pressure in the back of my mind, that generally keeps me going. So what will be my motivation in the future? + +*Edit 1*: I'd like to mention that I didn't mean what should I physically do next (I actually work for a financial advisor so I know about the 6-months savings / retirement funds, etc. Working for her has helped me learn SO MUCH about spending habits and steps to climb out of the hole). I mean *emotionally*, how do I handle being out of debt? If that makes sense. Debt is comfortable to me, I'm used to it. My partner says it sounds like I've built some kind of Stockholm syndrome around my debt. + +I'll figure it out. Regardless of all the worries, I'm *so close* and **super excited**. + +*Edit 2*: [a few people have asked to see my art so I'm posting a link to a few of them.](https://imgur.com/a/6S7PMyf) +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +I'm so sorry for the delayed start today! Fortunately we're all *very* well-versed in eagerly waiting for something to happen while HODLing GME with Diamantenhände. + +Yesterday was another extreme volume day, but there were certainly some stronger forces at play trying to keep the price down. If you haven't yet read u/Criand's most recent DD post, I highly recommend reading it now. It lays out a very compelling case for another run-up in the coming days, perhaps even triggering the MOASS. Either way, apes are ready for whatever happens - shorting the stock clearly doesn't make us sell, bull traps clearly don't make us sell, and we are just as prepared to HODL through the rocket ride to the moon. + +Today is Thursday, August 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$198.90 / 169,48 €** *(volume: 1543)* +- 🟥 115 minutes in: $198.72 / 169,32 € *(volume: 1486)* +- ⬜ 110 minutes in: $198.78 / 169,38 € *(volume: 1331)* +- 🟩 105 minutes in: $198.78 / 169,38 € *(volume: 1327)* +- 🟩 100 minutes in: $198.71 / 169,31 € *(volume: 1307)* +- 🟩 95 minutes in: $198.68 / 169,29 € *(volume: 1276)* +- 🟥 90 minutes in: $198.46 / 169,10 € *(volume: 1208)* +- 🟥 85 minutes in: $199.35 / 169,86 € *(volume: 1093)* +- 🟩 80 minutes in: $200.38 / 170,74 € *(volume: 873)* +- 🟥 75 minutes in: $200.00 / 170,41 € *(volume: 867)* +- 🟩 70 minutes in: $200.47 / 170,81 € *(volume: 797)* +- 🟥 65 minutes in: $199.92 / 170,35 € *(volume: 552)* +- 🟩 60 minutes in: $199.95 / 170,38 € *(volume: 385)* +- 🟥 55 minutes in: $199.94 / 170,36 € *(volume: 275)* +- 🟩 50 minutes in: $199.95 / 170,38 € *(volume: 262)* +- 🟥 45 minutes in: $199.89 / 170,33 € *(volume: 227)* +- 🟩 40 minutes in: $199.92 / 170,35 € *(volume: 207)* +- 🟩 35 minutes in: $199.91 / 170,34 € *(volume: 199)* +- 🟩 30 minutes in: $199.85 / 170,29 € *(volume: 197)* +- 🟥 25 minutes in: $199.83 / 170,28 € *(volume: 175)* +- 🟩 20 minutes in: $199.86 / 170,30 € *(volume: 149)* +- 🟩 15 minutes in: $199.83 / 170,28 € *(volume: 104)* +- 🟥 US close price: $199.65 / 170,12 € *($201.00 / 171,27 € 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 1.1736. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I recently won about $2.3 million playing the lottery in my state. Using a throwaway for obvious reasons. Note, this is AFTER TAX money, in my pocket now. No need to discuss annuities, etc. + +I'm 30 y/o, have a full time job making about $100k per year. I have about $125k in a 401k, an another $25k in cash. I understand a lot about finance, investing, etc. + +I don't want to buy a new house or car or anything major. I already own a $600k home with about $400k left in mortgage. + +What are your thoughts about what I should being doing with this cash? I'd like to make a few small donations to charities and schools. Should I pay off the mortgage? Invest in an index fund? Hedge fund? + +Can I comfortably retire now if I estimate a need of about $80-100k per year for a withdrawal? + +Thanks all. +A dormant address containing 900 #BTC (33,780,931 USD) has just been activated after 8.8 years (valued at 4,625 USD in 2012)! + + +[source ](https://whale-alert.io/transaction/bitcoin/3629dcc7cdf65cf71c8eab67628ac933516fbffb8e30cab31df7534257f9043c) + +That guy must be the happiest MF alive right now. + +I believe this can happen to all of us. + +Have some faith, we gonna make it. +Right now he has \~13%, [but he has right for up to 19.9%](https://www.reddit.com/r/Superstonk/comments/n1v7hp/rc_owns_13_of_gamestop_stock_under_this_agreement/). With the current shares outstanding, this 6.9% is about 5M shares. This means that, especially now that the shareholder meeting has passed, he's free to buy by himself an amount very similar to the entire extra offering any time he wants. + +Now this part is speculative, but if his plan is really to buy the offering by himself, it'd be a master move: + +* He avoids hedgies from getting these new shares. +* GameStop cashes more money from the offering. +* The total ownership of RC ventures increases to 19.9%. +* If then a reverse merger happens, GameStop gets both the cash from the offering and effectively the ownership of these shares back. + + +Edit: as comments point, RC might not have enough capital to buy so much by himself. Even with the dip, this would be about $1B+. He could still buy part, though. +So can any measure actually solve this if it's a supply shock and not solely a demand shock? + +https://www.nbcnews.com/politics/white-house/trump-weigh-coronavirus-stimulus-options-monday-including-paid-sick-leave-n1153291 +Do you have Diamond Balls 💎 🏀 ? 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Coworkers have noticed my yummy lunches and now a few of them are purchasing lunches from me every week. It does take a little extra time in terms of meal prep but it sure helps bring down the grocery bill. + +I know this might not be possible for everyone but if you’re already packing lunches for yourself it may be an option for you too! + +Edit/clarification: a couple people have mentioned that it might attract legal and/or workplace trouble, but I’m not too worried because due to time constraints on my end it will never grow to anything bigger than a handful of people. As far as the company handbook goes I’m in the clear, but thanks for the concern! +12 years at 4% withdrawal with no overall gain in the market would be 4\*12% = 48% of your net worth spent! Does this effect the idea of being able to rely on FIRE and a safe withdrawal rate as a reliable retirement plan? + +Here is an image of the stock price of the S&P 500 over that time range: [https://imgur.com/a/CCWgxWN](https://imgur.com/a/CCWgxWN)​ +&#x200B; + +https://preview.redd.it/zb9aagil5w6a1.png?width=1948&format=png&auto=webp&s=ae686bc2b70b254a9c7f3dc74f4e575aa5217fbc + +https://preview.redd.it/cevfigil5w6a1.png?width=1946&format=png&auto=webp&s=0af9005576a52f9d9adc1869e30aec8d67292a88 + +This is my 12 month update for my first 12 months day trading. I made a 7 month update [here](https://www.reddit.com/r/Daytrading/comments/wagpw0/my_first_7_months_daytrading/) where I outline my strategy and progress as of then. + +TLDR: paper traded for 5 months, started Jan. 2022, short trader, use 1m chart + volume profile + rsi + lv. 2 + +&#x200B; + +Having started at university, I haven't had as much trading time as hoped, and didn't get to trade pretty much all of November. Busy scheduling has also messed with my dedication, both to just wake up and trade (west coast) and actually being diligent on exiting trades. A few times I would just get lazy and leave a trade open, which is very dangerous. + +&#x200B; + +My goals for the next 12 months: + +1.) Continue to cut losers at 5%. Too many times have I let losers run. + +2.) Slowly scale up. My average position size sits at around 3-10k atm. + +&#x200B; + +Overall, I still have a lot to learn and 12 months is nothing close to a seasoned trader. You can lose it all in a few months! I'll consider myself consistent once I hit 24+ profitable months. + +&#x200B; + +And again for newer traders: learn how to lose, because you will. Learn how to close the position even when you're in the red, because it'll let you live to see another trading day! +Synairgen Phase 3 test trials failed and the stock plummeted by over 85% today. Ouch. +I’ve held onto my stock. I have about £500 worth so it’s not been a horrendous blow for me but still not nice by any stretch. +Hoping nobody lost out on too much. +What do you think are the next steps for Synairgen and how they recover from this? +Hi Everyone, + +I'm quite far down the rabbit hole with looking at setting up an SPV (Ltd company basically) to invest in some buy-to-let properties. I've already invested money in my pension, ISA tax wrappers etc, so looking for more ways to make my cash work for me. + +I don't need the income (I'm already in the additional tax rate bracket), so it's really more about long term investment and maybe some income down the road if/when I need it. + +I don't intend to manage the property myself. I'm looking to very much "set and forget" and pay a percentage to a management company. + +Having decided that a LTD is the way to go, I'm now on the lookout for what types of property/ies I should be looking to purchase. + +For some context, I have around £100k-£150k to play with for deposits, stamp duty, legal fees etc. I'll be putting this into the SPV as a director's loan. I'd be putting a 25% deposit on the properties and mortgaging the rest. + +I'm based in the south-east, not that far from London. + +I'd assumed I'd buy a flat or maybe two , probably in my home town but on reflection, I should probably try to look at this a bit more objectively. + +Can any other landlords give me some advice on how they find rental properties with the correct yield? Is it just digging around for hours on Rightmove? Should I speak to an estate agent and have them source the property for me and then manage it? + +I'm also trying to figure out which of these scenarios would be best: + +1. Purchase two flats, say £150-£200k each +2. Buy a single house in a more expensive area for around £300k-£400k + +It seems to me like buying a more expensive property in a more popular area (perhaps Chelmsford) would reduce the up front costs (stamp duty, legal fees, mortgage fees) and probably be less hassle but I was wondering whether there were any advantages to managing a portfolio of larger properties? + +Thanks everyone. + +PS-I did do a quick search for a UK, BTL specific subreddit but couldn't find any - hopefully this question is fine here! +Buckle in. + +Investing isn't easy, and yet people are--and always will--try to act like it is. Just like every other period in stock market history, retail 'investors' are being lazy and emotional and valuing businesses based off the direction their prices are heading rather than long term fundamentals. Volatility is the price you pay for performance. Thinking it's time to sell tech and buy Kellogg, with corporate profits RISING, will get you into deep trouble. + +No, being a good investor has absolutely nothing to do with being 'contrarian'. It just so happens that retail is too lazy and emotional to notice that prices tend to head fake away from where people should be buying at any given timeframe. Sometimes these head fakes point to different asset classes, other times to different assets within any given class. + +Right now, it's both. + +People think tech is in 2001 territory strictly because of price action, when we are in literally the opposite place outside a handful of overvalued and overhyped names; and people think bond yields are becoming attractive, when bonds are in the worst bear market in years (though this could change at any time considering the overreaction we've seen in Fed rate predictions). **This is precisely when you should be buying reasonably priced tech with strong cash flows, pricing power, quality earnings growth, barriers to entry (either a difficult industry to break into or an outright moat, which is very rare and hard to predict but** ***Facebook has one*****), network effects, and demand inelasticity.** Your stocks don't have to have all of these elements, but the more, the merrier. + +**\*\*\*** + +**Here's some oversimplified but VERY true deductive reasoning that 99% of 'investors' fail to heed:** + +\-Companies with higher earnings growth deserve higher valuations +\-Companies with better pricing power deserve higher valuations +\-Companies with higher quality earnings growth deserve higher valuations +\-Netflix and Facebook are still growth companies, their earnings quality is only improving, and they have IMMENSE pricing power that they've only begun to tap into +\-Proctor & Gamble has a 40% higher relative valuation than Netflix +\-CAMPBELL'S SOUP has a higher valuation than Facebook +\-So-called 'investors' firmly believe that staples are the place to be right now, because 'interest rates' and 'inflation'. + +**Okay...** + +\-Corporate profits drive stock prices--literally in lock step--over the long run +\-Inflation is good for corporate profits +\-Inflation requires higher interest rates +\-Higher interest rates are a headwind for stocks +\-Higher interest rates ARE A LITERAL CATASTROPHE FOR BONDS +\-Holding cash *is basically taking a financial gun and pointing it at your face and pulling the trigger* +\-The answer is to own quality assets, which are companies with strong cash flows, moats, network effects, etc. + +**Millions of retail investors are absolutely convinced that tech is overvalued--but it's not because of poor fundamentals. Honestly, it's not even because of inflation, interested rates, or Ukraine. It's simply because prices are going down.** Do yourself a favor. Look at sentiment from one year ago today. Facebook to $600 was a done deal. Netflix was overpriced, and I wouldn't have bought it at near $700, but if anyone thought we would be below $230, we'd be minting new billionaires by the second because of their OTM puts. Amazon is more underpriced than I've maybe ever seen based off what we can easily see (the market has never understood Amazon, and AWS ALONE is clearly a multitrillion dollar valuation by 2030). + +**FACTS:** + +\-**Amazon** PE is lowest ever while its future core businesses--AWS and ads (they are doing more ad revenue than YOUTUBE now, and AWS brings in more profit than any business line now, so if you think Amazon is a retail business you should be buying index funds...)--are growing at 40% or more. +\-**Facebook** PE is lowest ever--last time this happened was three years ago, their stock price crashed to $131, and with this incredible overreaction they're STILL up 54% since then. +\-And now to my favorite part: **Netflix** is at its lowest valuation since the 2000s and perhaps ever--who cares before then, it wasn't Netflix, it was a frickin' mail-order DVD company. Its PEG is .84. Its earnings have plateaued on SEVERAL occasions only to leap, over and over again. Just like Facebook, they were bound to hit a plateau for their core use base at some point. But if you think that means they're done growing out earnings--not to mention expanding other business lines, like Amazon did with AWS and ads, and Microsoft did with Azure--you need to ask yourself whether you have enough knowledge and experience here. + +In a way, investing really isn't that hard. **You just have to actually buy businesses and not obsess over the value of your portfolio every day**. If you do that, you're smart enough to see that tech could fall another 30% right now--and it would only present an even better buying opportunity with even more upside. As Buffett said after 2008, he might've been early, but he still got rich. And trust me, buying now might be early, but it will be INSANELY lucrative. + +SO SO SO many companies are just dirt cheap. People think DropBox is a shitty cloud business, when its top line is growing double digits and they're priced like Campbell's f'kn Soup. People think GoPro is a shitty camera business when it has begun adding software with INCREDIBLE margins and is growing rapidly again. Upstart is literally the only company in the market with the triple crown--triple digit growth, massively profitable, and BUYING BACK STOCK--yet its price was cut by 80%. There are just so many tech companies getting caught up in this indiscriminate selling, as if they're DoorDash or Rivian or Nikola or Snowflake, or any of the incredibly overpriced businesses, good or bad, that deserved to be cut in half. + +People calling this tech bubble 2.0 are either too young to understand what the tech bubble was, or too stupid to understand what it was. This is the literal opposite of the tech bubble. We have companies with tens of billions in FCF being repriced as if they're going out of business. Earnings are GROWING. We are in a BOOM cycle--IN TECH. You are being fooled--AGAIN. During the tech bubble, it's not that companies weren't making money...**THEY WEREN'T EVEN BRINGING IN REVENUE. DO YOU UNDERSTAND THE DIFFERENCE?** Not even the most overvalued companies today (aside from Rivian and Nikola) can attest to such an atrocity. + +I pity the people who need to see instant green in their portfolios, and I hope to see your sea of !Remind Me! posts for five to ten years from now. **For those of you who take anything away from this post, here's putting my money where my mouth is:** + +Here's my portfolio weighted by notional impact--i.e. ITM calls carry more leverage despite moving the same amount as 100 shares of a stock, or ATM short puts I've written to buy at a lower cost basis or just hold the premium. (**I plan on opening a Netflix position at some point soon.**) + +**$UPST:** **16.9%** (Pretty much the perfect stock: AI lending company that's barely unaffected by rates and loan origination volume; already profitable by a mile; reinvesting capital into massive TAMs; and already has permission from the board to buy back stock. Hope you don't judge a stock by its PE because that's how you miss pretty much every single winner, from Amazon to Salesforce to Netflix.) +**$CIM:** **7.7%** (Retracing like a tech stock right now with fortress balance sheet and 12% dividend yield--and climbing. Chimera did even better following the pandemic after cutting its dividend yield, which made for the perfect time to buy.) +**$OSTK:** **7.54%** (Retail furniture business that's stealing market share from Wayfair and growing rapidly yet with a stock price selling as if it's going out of business--oh yeah, and they've got Medici Ventures, which is priced at zero.) +**$Z: 6.56%** (Vertically integrated media business of which people seem to have zero understanding. It's literally in the best shape it's ever been: shed of its worst business segment and raising capital from home inventory; growing at over 20%; and selling at a 75%+ discount...yet people hate it infinitely more than when it was up near $200...LOL) +**$AMZN: 5.97%** (Enough said above. This is a multitrillion dollar business that checks every box listed above selling at less than half its true value.) +**$APPS:** **5.25%** (Growing triple digits, profitable, and with insane barriers to entry--not quite Upstart, but this is a 5x play.) +**$URI:** **5.12%** (Picks and shovels play for infrastructure boom ahead. Someone will pass a version of build back better, and this company is a gem even without government subsidy. Also, United Rentals helps balance out my insanely tech-weighted portfolio just a tad bit, though that's not at all why I bought it--because I could care less how much money I lose in the short term to maximize long term gains.) +**$FB:** **5.2%** (The greatest network company of all time--a company whose business model will never be repeated--is trading at a multiple 7% lower than the Campbell f'kin Soup Company. Enough said.) +**$CLSK:** **4.71%** (One of the fastest growing companies in the world; already profitable; ESG sustainable Bitcoin miner; QUADRUPLE DIGIT GROWTH on the top line; trading at a SINGLE DIGIT forward PE--crashing as if both they and Bitcoin are going to zero.) +**$STNE:** **4.37%** (A big boo-boo in their long book and concerns about the Brazilian economy are apparently enough to crash the stock over 90%. Like several other stocks on this list, earnings give a HUGE temporary boost because of how incredibly strong they are, only to watch the gains wither away because of indiscriminate selling in the tech space.) +**$AMAT: 3.14%** (Picks and shovels play for the semiconductor bull market that will last for decades to come. Probably the only company on this list that I'd call fairly valued, but it's such a great company it's worth every penny.) +**$PLTR: 3.09%** (It's apparently fun to hate Palantir because it was a meme stock. But if you can do math, 30% compound interest for 10 years does not a meme stock make. Probably the only stock on this list that I might even call *over*priced, but I also think it's worth every penny with a smaller position.) +**$AMD: 2.97%** (Trading as if China is going to invade, tear down TSM, collapse the market for chips, and send interest rates to 50%. Beyond idiotically cheap.) +**$MU: 2.85%** (Micron's pricing power is unmatched in this industry. Very few companies do what they do and none do it as well--and they're trading for pennies on the dollar.) +**$DBX: 2.66%** (Apparently it's cool to hate Drew Houston? I don't know, but in addition to what was mentioned above, this company is set to buy back half it's MFing float. Like, are you kidding me?) +**$NVDA: 2.61%** (Only reason I don't have a bigger allocation is because NVIDIA puts my total semi allocation at around 9%. I also owned Intel for a hot second before I rolled it into other plays. Think The whole space is going to continue to skyrocket, but no one has the creativity or talent that NVIDIA does.) +**$BNTX: 2.6%** (The market thinks that this company stumbled upon vaccines, that covid is ending tomorrow, and that they have no other pipeline. The reality is that BioNTech is set to sell billions more in vaccines for a long time coming, and all of this is an incredibly massive tailwind to their rare diseases pipeline.) +**$WBD: 2.22%** (It's always funny when some jackoff at BoA comes out with a report about how the merger between Discovery and Warner Brothers will create synergies that make this a $45 stock--6 months after the deal is announced. The stock rocketed above $30, then was indiscriminately sold off back to where it started--for no reason. The market is so efficient.) +**$GPRO: 2.2%** (As mentioned above, this has become a software company with total control over its market and prices. 96% of action cameras in America are GoPros. The recurring revenue on that software makes this at least a $30 stock. But nobody wants to own it because RemEmBEr tHat TiME WheN iT SolD OfF?) +**$NOK: 2.1%** (5G is them and some other guy. Enough said.) +**$CRM: 1.81%** (This company does not stop growing. One of the best companies in the world and there is no end in sight. Personally think the Slack purchase is being totally swept under the rug. It's just that time of the cycle when you're supposed to doubt Benioff.) +**$NLST: 1.33%** (Very unknown memory company with massive lawsuits against a bevy of huge companies and great prospects outside those lawsuits. They settled the lawsuit with SK Hynix and still have pending cases for patent infringement against the likes of Samsung, Micron, and Google--all of which are entirely legitimate.) +**$AMRS: 0.8%** (A deep future play for molecules-as-a-function. This one is very nuanced and I'm getting tired of writing. You'd have to look into this one yourself to truly understand the importance of synthetic, sustainable molecules used in the place of limited and/or endangered organics at far cheaper prices across the cost spectrum.) +**$SFT: 0.29%** (Kind of a random little lottery bet on a company with a market cap lower than its fourth quarter revenue alone. But with no path to profitability in sight, that's all it is: a lottery ticket with a VERY small amount of AUM allocated.) + +*It's not possible to create a perfect weighting with options in your portfolio, especially short puts, but I've done the best I can. For example, notionally, I could be tied to even more* ***Upstart*** *than I've represented here. But Upstart would have to be ITM across three separate strikes (70, 80, and 100) by January 2023, which nobody can predict. (What I can say is that anything under $100 is DIRT cheap for Upstart, so I'm more than happy to own it at about $51, $55, and $66, which would be the breakeven prices at each strike, respectively, when including the outrageous premium I was paid for writing these puts.) I split the notional values of being assigned each put in half to represent the fact that Upstart is currently ITM for my 100 puts, ATM for the 80, and OTM for 70. Arbitrary, but so is anything in this case, even if you'd use Black Scholes somehow.* +Alright guys listen up. I'm at work currently so i'll make this quick. + +Firstly, stop comparing this to DOU. That company has 0 revenue and the two brothers who founded it look retarded. Credit Clear's Chairman **literally** has a wikipedia page about all the times he went full beastmode (TYRO anyone????). + +Ok onto CCR + +1. Disruptive technology - hiring teams of people to make shitty calls to people who owe money is not efficient. I would much rather just get a text or something and the CCR utilises A.I somehow to learn habits and to send messages at the best time. They are the first mover in this space and their MOAT is strong. +2. Revenue - They are estimating 18m revenue for the calendar year. I also saw in someone's hotcrapper post with a link to a podcast they expect to break even this year as well. I'd say their current MC 100-150m is fairly valued for the current numbers. Compared to some of the ASXbets meme stocks however this is very undervalued. (BRN) +3. Management - As previously mentioned Gerd Schenkel is chairman of this company and I do not need to say anymore about him other than his name is fucked. The rest of the management all appear to have experience from a range of industries like debt collection, banking and law. +4. Credit Clear is licensing this technology to a US company for fees currently, with potential to reach other countries. +5. We are literally living in ATH debt environmennt and this service will be in demand. They are winning tenders left right and centre with some reputable companies (Transurban, AGL). + +TL;DR One of my colleagues did the most horrendous fart today but she's really hot and I feel super weird about it all. + +Thanks +We all know that there's such a thing as a bear market, but where is it? I don't see it, that's because it's a myth from the days of old and we're men of science and reason now. You see, we're in a new age in the crypto world, it's called the bull summer, basically get your umbrella drinks out because we're only going up from here. + +This is your captain speaking, we are flying at over 100k Btc soon, fasten your seatbelts and keep your pants on please (seriously no indecent exposure). Soon, all your wildest dreams will come true, see you on the other side of riches and b... beaches, sandy beaches. +So my wife and daughter went shopping for back-to-school clothes this weekend and were surprised by what we all already knew; the dwindling selection and seemingly obvious signs of mass brick-and-mortar closures. + +This got me thinking about the future of retail beyond the obvious migration to online, and wondering if we also see consolidation inside stores like Target, Walmart, Kohl’s, etc... for those higher-end brands which historically have had their own stores / curated retail experience. + +Putting this out there to see what you all think and if anyone else have been thinking about this beyond the obvious? +[List of countries by external debt](http://en.wikipedia.org/wiki/List_of_countries_by_external_debt) + +How is it possible that EVERYONE owes so much money? Whose money is it? The cynic in me wants to say "oh China's just lending everyone money" but I've read that they've got their own problems too, many of which are masked by their lack of transparency. + +Seems like every country on the news is in some form of "crisis". If no one can pay off their debts, how is this ever resolved? Maybe this belongs in /r/conspiracy +One thing I’ve notice in my years in investing is how agnostic the average person is about directly investing their own money into the market. It seems clear as we go on in our society those without clear long term strategies fall farther behind. + +Economic security takes time, or it has for myself but many land mines lay ahead for any wanting to achieve long term wealth. + +Pensions are a long thing of the past, 401k’s under perform (I still have one), financial advisors want too much of the pie, cost of goods are constantly rising. + +The one bright spot is that a lot of information is now available online and zero commission trades. This is absolutely awesome and with those tools anyone can achieve their desired wealth and dreams. My opinion anyway. + +Investing directly in the stock seems to be the only path I’ve discovered to achieve long term financial success. + +What are your opinions, thoughts, and hopes when investing directly into the market for the long term? +So I'm wondering where should I focus to not leave a burden on my husband? I have student loans mostly but so does he. I'll be leaving him to care for my daughter as well so it's important to me I don't leave things bad when I go with my debt and medical bills. +I lived paycheck to paycheck and am trying to get on disability since I'm losing the use of my hands but there has to be more options, right? +In light of recent events concerning Poloniex's business practises concerning the introduction of ETC I will be filing a complaint with the SEC. With their decision to go live with ETC without announcement and the fact that they have in essence stolen all the ETC from people who lent out ETH prior to the fork i believe this constitutes a clear breach of both ethics and responsible business practices (Insider irading, failure to inform relevant parties, etc...). + +Furthermore, my own personal opinion is that allowing ETC trading indirectly funds a criminal organization. With no way to know what these funds will be used for in the future, I find this behaviour careless and dangerous. + +If you feel the same way, I have listed the link for the SEC below: +https://www.sec.gov/complaint/tipscomplaint.shtml + +EDIT: Removed hyperbole from my second argument. Like some users pointed out, it takes away from the credibility of the argument. Furthermore, for all the people claiming im complaining because I lose funds: I have never and will never trade on Poloniex. + + + +I've tried talking to quite a few therapists (in-person, Talkspace, and Betterhelp), but I can't seem to find anyone who I can trust. I don't really know what I'm looking for (or if this person exists), but right now I need some combination of therapy, coaching, mentorship, and accountability. Mostly just someone who I can vent to and talk about things I'm struggling with and get some help with prioritization and clarity. And then I need accountability to stick to a plan and untangle a bunch of stuff and make some progress towards my goals. + +My problem is that it can be awkward or dangerous to talk about some of this stuff (especially financial stuff) with friends or strangers. It's also really tough to find someone on Google, because the top results are some Tony Robbins life coach gurus trying to sell me a course. + +Any recommendations? +Good morning, here's my gap watch list: + +Gap Ups: AZUL, CVAC, FFHL, IMAB, KCAC, + +Gap Downs: AMD, ETSY, LULU, LVGO, NNOX, NVDA, SOXS, + +I posted a new video yesterday about Gaps, here's the link if you missed it: [Gaps And Why They are Important To day Trading](https://www.youtube.com/watch?v=mnWDa7GECuQ) + +Big pullback yesterday in the market. Not surprised one bit as I had been expecting it and had mentioned a few times previously that we were overbought and needed a pullback. Everything's fine, no need to panic, it's not the end of the world. A pullback in the market is healthy as it gives stocks opportunities to rest/correct and set up new moves. Trading action yesterday was great despite the market falling and likely today we will see some continued volatility. Weve sold of for 2 days in tech and the qqq is approaching the 20 day moving average which could act as short term support. I will be very patient today and look for direction before entering positions. This could be a choppy day so If you got killed yesterday and aren't feeling it, just don't trade. Sit back and watch so you can be prepared for next time and help retain your mental capitol. Gap list sucks today, so run a scan after the open if you can't find anything and as always if the market continues to decline I will look to UVXY for opportunities if they present themselves. Have a good weekend and good luck trading. See you all Monday. EDIT: I forgot, Monday is a holiday, see you all Tuesday!! + +\*I do not add stocks under $5 to this list. If there is a stock that is under $5 here then it was above $5 when I added it\* + +\*\*This is not my complete watch list\*\* +https://www.tradingview.com/symbols/spread/TVC%3AUS10Y-TVC%3AUS03MY/ + +This means we do not have a full signal of 10 days fully inverted, which is considered by most an indicator for an upcoming recession. We only had 5 days of inversion this time. + +Hence the bull party can go on... or what do you think? +[from u\/I\_DO\_ANIMAL\_THINGS](https://preview.redd.it/246nzb08by281.jpg?width=2882&format=pjpg&auto=webp&s=ea483c15146b6f56cab91e34868c9e2918775f2c) + +[~~www.gamestop.com~~](http://www.gamestop.com/) ~~(THIS PORTION COMPLETE)~~ + +* ~~go buy toys and ship them to the Irving TFT address!~~ + +[Link to TFT money donations](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) + +[Link to main VGH post](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/) + +&#x200B; + +[turn on the audio lmayo you won't be disappointed](https://reddit.com/link/r6iuw8/video/6ai4220way281/player) + +~~Alright folks I hope you enjoyed that. The sound carries through my apartment so that’s why I had to whisper. Didn’t want my neighbors to hear me recording the dumbest song of 2021 lmayo. Now onto the updates!~~ + +https://preview.redd.it/fem0m7tbby281.png?width=663&format=png&auto=webp&s=c7920e807b4d0e80e0db0361ecc34f7c0520c5a1 + +# IT’S THE FINAL COUNTDOWN! + +**~~DECEMBER 10~~** ~~is the last day that you can order toys and send them to the Irving TFT. So it’s full steam ahead!~~ + +* ~~Name: Toysfortots Gamestop~~ +* ~~Street Address: 3880 Irving Mall~~ +* ~~Between Macys-Dillards on backside~~ +* ~~Irving, Texas 75062~~ +* ~~Phone number: I used my personal one lol its GameStop.~~ + +# BUY FROM GAMESTOP! LET’S BOOST THOSE FOURTH QUARTER NET SALES! LET’S GIVE OUR BOY MATT SOME LOVE!! + +[REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE](https://i.redd.it/akenykzeby281.gif) + +# Wondering how much $$$ in toys we've sent? Welcome the VGHbot! + +Thank you u/MrYoson for building this amazing bot and making it as dummy proof as possible! The bot’s purpose is to figure out how much Apes are supporting GameStop! + +https://preview.redd.it/hrkmrv7hby281.jpg?width=1024&format=pjpg&auto=webp&s=b371078e8fa9ef1604d7bd6a1a272c9894fa0972 + +So for those of you who have made GameStop purchases for the VGH, here’s how to add your receipt to the bot’s total. + +1. Get an imgur link (or similar photo sharing) of your receipt +2. Post the imgur link in a comment with !VGHbot:xxx! + 1. use the subtotal for the xxx like [this](https://www.reddit.com/r/Superstonk/comments/r6iuw8/comment/hmtbiuk/?utm_source=reddit&utm_medium=web2x&context=3) + 2. xxx should be something like 420.69 or 69.69 or 100 or 3.69, all should work + 3. capitalization doesn't matter + 4. With the bots and Reddit limitations, please don’t be alarmed if the VGHbot doesn’t autoreply right away. + 5. You can do this anywhere on Superstonk and it’ll work, but please try to keep it to VGH posts <3 + +# Don’t use the VGH flair for your personal holiday purchases. + +It’s for the kids. **The bot and the flair are JUST for the kids, please.** + +For your personal holiday purchases, please label them under HYPE/FLUFF. Thank you! + +# $89,195.33 of $741,420.69 raised so far! + +Last day to donate money to this fundraiser is December 24. + +And about that lofty $741,420.69 goal...I’m gonna make a PSA right now and tell you straight up that I don’t care whether or not we hit our money goal. EVERY SINGLE CENT that we have raised for the VGH is a win. No matter how this turns out, I will only have pride, admiration, and thanks for this community and what we have accomplished. The Very GMErry Holiday will forever speak volumes of who we are. I love you guys <3 + +And that makes this next part hard to say. + +https://preview.redd.it/2r7u9pbpby281.jpg?width=636&format=pjpg&auto=webp&s=87c2580b9ccc92cd276fbb4e9028c83b70b97071 + +When I joined the mod team during the summer mod drama, I said I’d stay on the team until the end of the year. I only became a mod because I felt in our time of need, someone needed to do *something*. So I stepped up and did what I could. Being a moderator will forever be one of the most important things I’ll ever do in my life and I’m grateful to have had the opportunity to make meaningful change in a community I care so deeply about. + +But I’ve done a lot of thinking, a lot of soul searching, and I know it’s best I stick to that departure date (unless we start getting whiffs of MOASS beforehand 👀). This place doesn’t need me. It doesn’t need any of us because there’s so many Apes and I believe when enough people think critically together, we can solve ANY problem. And in this specific community we’ve built, we have a lot of people who CARE and that kind of passion can’t be understated. + +[I'll never stop making butt jokes](https://preview.redd.it/vkfttmeqby281.jpg?width=462&format=pjpg&auto=webp&s=6d6bb6133e51b11b7f153a0197d13f35198f74dd) + +It’s been a rollercoaster ride over this past year. I’m a better person than who I was last December. And for the first time in a long time, I feel hopeful. The Apes are my people, you are my tribe, and I will forever be grateful to have shared this pocket in time with you all. We’re quite literally changing the world right now. And we’re doing it by uncovering all those little secrets and tricks the wizards in charge used to keep the curtains closed and the veils drawn. But no more! + +I’ve been an Ape since the beginning and I’ll be an Ape when this chapter ends. This is gonna be an emotional last month for me so I’m just gonna have a lot of fun before I say goodbye. Thank you for letting me be me <3 + +In closing, I present another shitpost. For I have found the **secret weapon** in our fight against corruption and fraud! + +[ I’m DRSing another 69 shares later today awwww yeaaaa](https://preview.redd.it/or2lloxsby281.jpg?width=1347&format=pjpg&auto=webp&s=50fb2169f37db1dc48339c099b4cc11ad057203c) + +# Cheers everyone 🍻 let’s give some toys to kids <3 +Last week, for around an hour and a half, 1.7mil shares were borrowed, every 15 frickin minutes, at a 10% fee in order to suppress the share price of the investment I have scraped together funds to purchase. + +Every day I watch more money than I will ever make, wasted, to keep the price of a share in a company's stock down. + +How many hospitals could have been funded? How many schools? + +We look at the ticker and cringe at how the price of our investment isn't reflective of its value, but I just see the waste. The waste of resources and the sheer amount of disregard for the suffering around us. Holy hell. How sick must one be to spend this kind of money, to hide crime, when children starve around them? + +We are beyond a simple fine. The criminals who spend the kind of money we are seeing, to short GME and other stocks, should see life sentences for crimes against humanity. + +I'm absolutely disgusted. +Atobitt should have probably worded his question a little differently when he asked if "all shorts must cover". However, Carl was taking into account that the **short sellers can drive the price to the ground and kill the company, and therefore do not have to cover.** This is the end goal of shorting a company so hard. It's a very important distinction to make. + +Gamestop is not going out of business, therefore, **ALL SHORTS MUST COVER**. +Doing a lil social experiment. Name a price that you think ETH will be in April 2021. Educated reasoning on why you picked this price will receive some donuts. ;) +While I am just beginning on my way to FIRE, this thought has crept in my mind. My parents had three children, made middle class to upper middle class money, But essentially paid for their three children to go to private colleges to the tune of approximately $400,000. My dad just retired at Age 62. I'm curious, do people here plan to pay for their children's education? My parents were extremely generous in paying for the majority of my education and put me into a position to succeed, and I'd like to do the same for any children i may have. Does this completely derail the ability to FIRE? +I could invest between$500 to $600 a month in the stock market. I am interested I interested on getting dividends. What do you recommend me to do, buy or to invest... Ty +Hey! I've studied web-dev for a year and a half now and are currently working on my master in the course. Im in the making of a dividend investing website where you can add your portfolio and see a bunch of information about your portfolio. Right now i show: + + +* Dividends yearly/monthly/weekly based on your portfolios total yield. +* Progress until your ultimate goal. +* Total yield/value/quantity of your portfolio. +* Got a calculator that you can play around with. + +Can you give me some fun suggestions for me to make that you would have wanted to see about your portfolio? +\*If this question doesn't belong here pls tell me any other sub where i should post\* +A while back, I read an article talking about receiving dividends each month. To me, as I had just started investing, thought it made a lot of sense, especially if I was looking to have a supplement on a monthly basis. + +Though I believe this helps me diversify, now I'm wondering if I've added too many stocks and should pull back, invest in my big winners. + +For reference: + +**Months 1, 4, 7, 10:** + +FRT, IIPR, KO, MJ (ETF), NRZ, SPG + +**Months 2, 5, 8, 11:** + +AAPL, ABBV, BMY, EPD, T, VZ + +**Months 3, 6, 9, 12:** + +JNJ, MSFT, NEE, PFE, PII + +&#x200B; + +I also have O mixed in there as well. Looking at selling out of some non-dividend stock I have to get in to SCHD and SCHY. + +I'm happy to hear of any constructive criticism on this plan. This is all very new to me, but after inhaling a lot of posts in r/dividends it seems that most are looking to help and/or learn. I appreciate that from both sides. +As the title states, if you have autopay and paperless billing enabled for an Xfinity service, then you are eligible for a $10 discount. I had to call their customer services to ask why I wasn't getting this discount and was given some explanation of being in a 'grandfather plan' aka not a new customer. The discount applies to all their plans and customers. They transferred me to the 'new plan' (there is no change in plan name and billing, so this sounds like bs) and it will take 45 days (not sure why so long) for their system to recognize I have autopay on and apply the discount. + +Edit - Go to your account > Billings. On the right click on Service rates in my area. It will download a PDF which should list the discounts available to you. +Guten Tag to this global band of Apes! 👋🦍 + +It is never boring to be a GME shareholder. Sometimes it seems like everything in the world is related to the GME short squeeze, or at least should be. Alas, not everything is. There are some people (perhaps some who are Apes themselves) who know this fact and manipulate it to their advantage. But, honestly, we also do it to ourselves. I'd like to take this opportunity to remind Apes to retain a clear perspective on what truly matters in the GME short squeeze, as placing too much hope in the barest MOASS threads is going to exhaust the resolve that some Apes are going to need to rely on between now and the MOASS. + +Please consider these key points: + + * GME is a great company, with fantastic leaders setting a strong course for the future of the company + * It is not necessarily in the best interest of GameStop as a company to trigger the MOASS as soon as possible + * GameStop leadership has not signalled any intention to issue a dividend, NFT or otherwise + * Supporting GameStop as a customer strengthens the company's position moving forward + * There are institutions who hold enormous short positions in GameStop that they entered into hoping to profit from GameStop's demise + * GameStop has leveraged the short squeeze to bolster its position greatly + * The short positions are costly to maintain, but far less costly than closing the short positions + * The only way that the institutional shorts can survive is if Apes lose hope or lose interest and sell + * FUD and a Hope/Disappointment loop are key tools that are used daily to deplete hope and interest + * Buying, holding, and DRSing shares at ComputerShare makes maintaining the short positions more difficult and costly to the short institutions + * When maintaining the short positions becomes too costly or impossible for an institution, they must close their short position, and it will likely trigger the MOASS + * This is an amazing community, and the support we give to each other helps in ways that we cannot know + +I am sure that many of you are well-aware of these points, but keeping perspective on these key tenets helps me decide where to place my hope and energies. I am a patient individual, but recognize that it can be *extremely* challenging to place so much hope and mental energy into one thing for so long, often feeling powerless to meaningfully impact the outcome. Do not worry - you are among Apes who will support you. The same Diamantenhände that HODLed GME through $40 will HODL you up when you need it most. The short institutions are losing support daily. They cannot sustain the way we can. + +Today is Thursday, October 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$181.73 / 157,18 €** *(volume: 1465)* +- 🟥 115 minutes in: $181.87 / 157,30 € *(volume: 1459)* +- 🟥 110 minutes in: $183.27 / 158,51 € *(volume: 1347)* +- ⬜ 105 minutes in: $183.32 / 158,55 € *(volume: 1241)* +- ⬜ 100 minutes in: $183.32 / 158,55 € *(volume: 1241)* +- 🟩 95 minutes in: $183.32 / 158,55 € *(volume: 1237)* +- 🟥 90 minutes in: $183.08 / 158,35 € *(volume: 1237)* +- 🟩 85 minutes in: $183.16 / 158,41 € *(volume: 1235)* +- 🟩 80 minutes in: $182.55 / 157,89 € *(volume: 1221)* +- 🟥 75 minutes in: $181.12 / 156,65 € *(volume: 1221)* +- 🟥 70 minutes in: $181.26 / 156,77 € *(volume: 1123)* +- 🟩 65 minutes in: $183.23 / 158,47 € *(volume: 739)* +- 🟥 60 minutes in: $183.16 / 158,41 € *(volume: 739)* +- 🟥 55 minutes in: $183.49 / 158,70 € *(volume: 619)* +- 🟥 50 minutes in: $183.81 / 158,97 € *(volume: 595)* +- 🟥 45 minutes in: $183.82 / 158,99 € *(volume: 592)* +- 🟩 40 minutes in: $185.06 / 160,06 € *(volume: 150)* +- 🟩 35 minutes in: $185.05 / 160,05 € *(volume: 150)* +- ⬜ 30 minutes in: $184.98 / 159,99 € *(volume: 150)* +- 🟩 25 minutes in: $184.98 / 159,99 € *(volume: 64)* +- 🟩 20 minutes in: $184.89 / 159,91 € *(volume: 63)* +- 🟩 15 minutes in: $184.86 / 159,89 € *(volume: 63)* +- ⬜ 10 minutes in: $184.73 / 159,78 € *(volume: 61)* +- 🟥 5 minutes in: $184.73 / 159,78 € *(volume: 50)* +- 🟩 0 minutes in: $184.88 / 159,90 € *(volume: 39)* +- 🟥 US close price: $184.06 / 159,19 € *($184.70 / 159,75 € 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 1.1562. 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! +There are lots of posts right now about dividend shares disappearing from accounts with various German brokers. German apes are understandably shocked and upset by this, and some have started spiralling the FUD (whereas most other Germans remain zen, at least based on comments in the spiel stopp sub). + +So what happened? After market close, dividend shares have disappeared from accounts at several brokerages (currently 9?), without any explanation or paper trail. Positions are shown at a 75% loss. That, in itself, is indeed shocking. What's more, several of these brokerages had previously booked the dividend shares into accounts, but restricted trading them until 2-3 days ago in order to "figure some stuff out". + +**However,** there are other reports by German apes whose brokers went through the same stuff earlier today but have since resolved the issue. For example, Cortal Consors (a very popular broker in Germany) removed the shares but shortly after re-added them. Several apes reported calling them about it and received the following explanation: + +&#x200B; + +*The shares had been erroneously added as stock split ��� a non-taxable event. However, as GameStop issues them as a dividend instead (a taxable event), they had to reverse the original erroneous booking and instead correctly add the shares as dividend. Nevertheless, no tax has to be paid bc the dividend shares were booked with a notional buying price of 0. They're back in the accounts at the correct price now.* + +&#x200B; + +So what happened there was that the broker actually fixed a mistake and now booked the shares properly, as dividend. Who was responsible for the fuckup in the first place? Who knows: could be the brokerage, could be Clearstream (who handles US GME shares for almost all German brokers), could be a nefarious game. Yet I very much expect that **the shares will reappear in all other brokerages, correctly marked as dividends**. + +&#x200B; + +Did these brokers fuck up? Absolutely. + +Did they handle the fuckup like amateurs? Fuck yes. + +Are they embarrassingly stupid and one should consider moving all assets away from them? No financial advice but OF COURSE HOW IS THAT EVEN A QUESTION??? + +&#x200B; + +But please consider that under German/European laws, the shares can neither just be deleted nor vanish into thin air, not can they be sold by the brokerages without the client's consent (barring some exceptions of course). If these brokerages would really just delete the shares, the BaFin (the German SEC) would be all over them in an instant. And unlike Gary's band of toothless tigers, the BaFin does not fuck around. A broker pulling the stunt of *actually* systematically deleting shares for their would have to close shop faster than they're able to look up "splividend" in the urban dictionary. On the German sub, draft letters to BaFin in appropriate legalese are already being circulated, and those brokers will get a lot of heat via their hotlines tomorrow morning when they reopen. + +&#x200B; + +**TL;DR: several German brokers fucked up by incorrectly transacting a split, not a dividend. They seem to be fixing that currently, and very clumsily. But there is every reason to assume that the shares will be back in accounts by Monday, correctly booked as dividends, no longer as a stock split.** + +&#x200B; + +PS: Some apes here on Superstonk have started using this event for divisive posts ("you should have just DRS'ed so this is basically on you"). And that's not cool. True apes are supportive of each other and don't use shit that happens to someone else to push their own agenda. You know who would post such divisive crap? Correct, shills would. So unless you're a shill, just stop riding this to divide the community for cheap karma. Superstonk apes are better than that. + +&#x200B; + +PPS: Even if the shares reappear correctly, they will have been delayed by >1 week relative to the actual dividend distribution date. This will have the side effect (not unwelcome to shorts I guess) of spreading the expected FTDs over a longer period. Basically, shorts will FTD on US shareholders' dividends a week earlier than on German dividends, giving them some more time for fuckery as the bomb doesn't drop on them all at once. Yet the bomb will still drop, and I'm looking forward to the next T+35+x cycles because of it. +TL;DR—I believe that a significant segment of the US/Developed world resents the concept of FIRE, but I am not sure exactly why that is. I discuss several possible reasons below, including envy, entitlement and the degree to which the FIRE path invalidates their own, more conventional, life choices. I discuss the degree to which I believe that employees would be treated differently if FI was common/universal. However, this is speculation and I acknowledge that it is not based on extensive data. Your comments and opposing perspectives are welcome. + +A few years ago I read this article in the New York Tiames: (https://www.nytimes.com/2014/04/01/opinion/slomo.html). It describes the life of a man (Slomo) who has retired somewhat early from a career as a neurologist and now leads a simple, carefree life on the beach in CA. It is a great story and there is an excellent accompanying short film about Slomo’s life. + +As is the case with many NYT articles, some of the most valuable information is found in the readers comments. I was struck by how many readers seemed to resent this man and the path he has taken. I have cut and pasted some of the comments below. I have condensed the comments for brevity. + +https://www.nytimes.com/2014/04/01/opinion/slomo.html + + +* “….his needs were/are paramount. If he really wants to get in touch with divinity, he should skate down to the local soup kitchen and devote his intelligence and skill to helping others.” + +* “…I too would love a physicians savings to do whatever I wanted with my life. the man has valuable skills....disillusioned with materialism? Use those skills to help those who otherwise couldn't afford you.” + +And or course, the inevitable: + +* “…this was a parable of white, male privilege….nowhere in this documentary - or in any reading I did in addition to this story - was there evidence that he actually made the lives of other people better - except for profit. His belief that he was one who "got away" is frankly narcissistic, and even passively contemptuous of those not lucky enough to live as he does. I can do without lazy, Libertarian bromides, thanks.” + + +I suspect that the resentment expressed by some NYT readers readers is reflective of a wider societal resentment of FIRE, and that this resentment is rooted in varying degrees of envy, entitlement and discomfort with Slomo’s determination to stray from the herd and march (or skate) to the beat of his own drummer. + +I believe that the relationship between envy and resentment in this situation is simple. Slomo worked hard his whole life. Now he is FI, free and living a low stress, fulfilling life. I believe that many people envy him and regret the bad decisions and lack of discipline that undermined their own life. + +The relationship between entitlement and resentment in this situation is more complicated. In short, I believe that many people favor a highly controlled society where individuals are kept in check through dependency and/or a sense of obligation. FIRE facilitates independence, and that is threatening to many. When someone FIREs, that person is relatively less dependent on any other person and less dependent on society overall. + +Pre FIRE you are heavily dependent on: + +* Your employer for money, schedule changes, career advancement. + + +* Other family members for either money, living space, help with various tasks, etc. + + +* Larger society for many things including the permission/ability to work in a field that is regulated by government or professional entities. + +Post FIRE, things change: + +Almost no one is ever fully independent, even when you are fully FIRED. However, post FIRE you are relatively less dependent and you have infinitely more freedom to chose your own path. This can manifest in a variety of different ways. However, perhaps most important is that post FIRE you are free to work (and provide the benefits of your skills and labor) to the larger society. However, you are also free to kick back and do nothing, and not give much of anything to anyone. And some people don’t like this. I believe that many people feel entitled to your resources, skills and labor. + +I believe that in a healthy society people should help one another. For example, A citizen contributes to society in exchange for everything the society provides (schools, fire department, etc). However, it is not that simple. Many workers find that not only does society expect contributions of some sort, society wants to dictate and manage every aspect of your working life. The burdens of multiple professional and governmental licensing boards and regulations lead many entrepreneurs, tradesman, professionals and ordinary employees to chafe at the yoke society with which society has harnessed them. *And if you are not FI, you really don’t have much of a choice; you have to pull societies cart whether you like if or not. FI is the knife with which you cut the harness and free yourself*. + +Post FI, the plumber who is told that his plumbing license is at risk if he does not complete expensive and fully redundant OSHA trainings can say: “OK, if you are going to force me to spend money I don’t have to relearn what I already know, you will be deprived of my skills when your pipes burst”. + +Post FI, the physical therapist whose desire to move from Seattle to San Diego is tempered by the burden, cost and psychological toll of another state licensing exam (really are patients in WA so different from CA that you need state specific exams?), is free to just check out and retire. Many in society are resentful and threatened by this. They need the services of the plumber and PT, and society wants them under control, obligated and dependent. FI changes the balance of power. + +Under the conventional arrangement, the average worker (For example an accountant in a large accounting firm) has little choice. She needs money and cannot support herself unless she is working as a (relatively) well compensated accountant. Accordingly, society can make her jump through unlimited regulatory hoops. Her employer can exacerbate this situation by creating a high pressure, soul crushing work environment. What is she going to do? Quit? How else can she afford her mortgage and car payments? FI changes the equation. + +I suspect that many people across the US prefer a greater level of interdependence. They want the churchgoing family man working hard and devoted to civic causes. Perhaps this is rooted in ancient human history; when we were living in small, interdependent bands, the guy who did not conform to the group was a liability. Regardless, many FIRE advocates prefer greater freedom, autonomy, sovereignty and independence. + +In the case of ‘Slomo’ (from the NYT article) Illness played a large role in his decision to retire. However, his FI allowed him to live the life he wants, free of the dictates of the various professional regulatory bodies, health insurance vampires and hospital administration cyborgs who plague many health care professionals. And a lot of people resent that he can live the dream either because they envy him, or want to keep him harnessed and pulling societies cart despite the aforementioned burdens. FI allows anyone to say ‘if you are going to make my work life miserable, you will be deprived of the benefits of my labor”. + + *If every employer knew that every employee was fully FI and ready to RE, I believe that work conditions would improve and employees would be treated differently*. Further, government and regulatory bodies would come to understand that burdening workers with regulations of questionable value will result in an exacerbated labor shortage. Ideally, the relationship between employees, employees and various forms of government and regulatory bodies. would be a bi-directional and mutually beneficial arrangement between, Not an relationship where, due to financial dependence, many workers have to endure meaningless, unpleasant work environments. These dynamics may be related to the current, relatively low levels of workforce participation. ` + +I have gone on at length about the resentment of some parts of society and/employers, but I think that resentment of FIRE can come from many people for many reasons. Some people may resent a spouse or other family member FIREing because of the perceived reduction in income or change in relationship dynamics. Some work colleagues may fear the loss of a friendship. + +I discussed this post with a close friend who works in the HR department of a huge, multinational corporations and she suggested additional reasons why many resent the concept of FIRE including: + +* The concept of FIRE invalidates the more conventional lifestyle choices that most people make. Implicit in the concept of FIRE is that conventional lifestyle choices of endless work and gluttonous consumption are not ideal. And perhaps they resent being reminded that they lack to courage and discipline to venture off of the beaten path. + + +* Misery loves company. People often feel resentful and left behind when their friends or colleagues catapult themselves out of the soul-crushing drudgery of unfulfilling work and involuntary 9-5 purgatory. + +Finally, there are those who just cant get their heads around the idea that a FIRE lifestyle can be, fulfilling and meaningful, and far healthier and happier than one dominated by paid work. The purported benefits of ‘hard work’ are exaggerated by people who know no alternative. They argue that the rewards of ‘productivity’ justify the negative aspects of paid work, including loss of personal agency, toxic work environments, abusive supervisors, etc. However, this perspective may be rooted in insufficient experience living a life filed with productivity but independent of either paid work or school. + + +Again, I acknowledge that all of this is speculative and not grounded in data. But I suspect that many of you have related beliefs or hypotheses and that this is, in part, why many of us keep keep our FIRE/plans to ourselves. + + +I welcome your perspective. +I am a student, but my partner and I had an enjoyable (free!) all-day date at a university in a nearby town yesterday, and It got me thinking of all the free stuff a lot of colleges (including community colleges) have available to the public. Public colleges are usually more open to public events, but even private schools have some. The big state AG/land grant schools tend to have the most, so you're really lucky if you are near one of those (that's what we visited yesterday). Here's what I have come up with so far, please add to it, the more ideas the better! + +&#x200B; + +1) Museums/collections on display: Lots of universities have some form of museum. Yesterday we visited a biology museum (basically a miniature natural history museum), an art gallery (featuring both student and "big name" artists), and a display of cool stuff in the physics and engineering building. + +&#x200B; + +2) Concerts/entertainers: Everything from student performances to touring bands and comedians come through college campuses. Tickets range from free to cheap to expensive, so make sure you know the details before making plans. + +&#x200B; + +3) Movies/documentary viewings: My school does these all the time, and they are all ages and open to the public. There's even often free food. + +&#x200B; + +4) Plays etc: The theater and arts department are always putting on free to extremely cheap events. Like above, there is sometimes free food as well. + +&#x200B; + +5) Visiting lecturers: These are almost always free at my school. Coffee/tea is usually also available for free. + +&#x200B; + +6) Vendor-type events: Campuses are also used for other types of events, particularly in summer when there are limited classes. We have craft shows, garden expos, music festivals, and a variety of other festivals that set up on the campuses around town. These are free to attend, fun to look around at, and there are often things like music, demonstrations/free workshops, food samples, kids craft tables, etc. + +&#x200B; + +7) Free workshops: My school (community college) has tons of free workshops that anyone, student or not, can attend. There's a free morning yoga twice a week (outside in good weather), resume/job seeker workshops, library workshops for researching/computer skills, and probably more. + +&#x200B; + +8) Trails/tracks: At my school and another university near me, a lot of people, especially women, use the tracks and trails around campus for running since they are well tended, usually de-iced in winter, and there is security/call boxes every few yards. + +&#x200B; + +9) Adult ed classes/auditing: This varies a lot by university. At mine, those not seeking a degree over a certain age can take classes for nearly free (just a couple of bucks for class fees), and those below the age not seeking the degree can audit for a much reduced fee. A lot of community members sign up for "fun" stuff for relatively little money, like painting or music classes. + +&#x200B; + +10) Special collections. We went because I needed to look in the school's herbarium collection for something we didn't have a specimen for at my school, that I needed for a project. Setting up the appointment, I found out anyone from the public can request to go through the special collection. There was an older lady there that liked to do watercolor, and she was there making sketches of the flowers for painting at home. She came by every weekend to get inspiration for the next week. So if you have a hobby or a special interest, check it out! + +&#x200B; + +Look online or stop by the student union building to get a calendar of events, and peruse the bulletin boards to see what's coming up. Always check parking and costs before you go, if you are driving. You may also need to stop by the admin office and get a visitor pass, depending on the campus. A quick call will answer these questions. Also, we bring a handful of ones or quarters so we can put a little bit in any donation boxes to encourage these events to continue. It doesn't have to be much! + +Many of these things are kid friendly, as well! A lot of the museums/collections have scavenger hunt and hands-on stuff for the kids. Bring a lunch to eat out on the lawn or at a table in one of the union buildings. For those with kids, the bonus is that it reinforces the idea that an educational institution can be a place for fun, thus further encouraging a love of learning :) + +&#x200B; + +&#x200B; +I'm a 25 year old who became interested in FIRE a little over 2 years ago, when I graduated college and entered the workforce. Because I followed FI principles from the start, I was able to weather a turbulent personal 2020. Hopefully my story is useful as an example of how striving towards FI can be beneficial even when you're far from the end of the journey. + +**What I did in 2019 and most of 2020** with guidance from resources like this sub: + +* lived on 50% of my gross salary. I wasn't making an impressive 6-figure salary or eating only lentils to make this possible, just generally keeping costs low (low rent in a high cost city, no car, and having cheap hobbies all helped) +* The unspent remainder of my salary was split between retirement investing, building an emergency fund in a HYSA, and paying down student loans +* tracked my expenses and calculated preliminary FI numbers. figured out the min and max I spend in a month, how much I need to put into retirement accounts each year, etc. +* when student loan repayment was paused, I diverted loan payments to savings (with the plan to make a massive lump sum payment before interest starts again) +* maxed a Roth IRA for 2019 and 2020, and contributed to 401k up to match + +**The crisis:** + +* A combo of sudden-working-from-home lifestyle shock, increasing work responsibilities, no social life, and pandemic uncertainty sent me into a deep depression in summer 2020. I was only living to work, and I grew to hate the work I was doing. With overtime hours I didn't have time for therapy or finding a doctor to get help. I was in a bad state - suffice it to say my post title is not hyperbole. + +**The solution & how FI helped:** + +* In fall 2020, I quit my job. It was a hard choice, but not for financial reasons. I had enough in a savings account to cover expenses for a full year, plus more if I had to withdraw from my Roth. Still being on my parents insurance also massively helped (thanks Obama!) +* Because I saved diligently with the far future in mind, I was able to manage my present. I saw doctors, started therapy, made major lifestyle changes. I gave myself the privilege of focusing on my mental health for the past 7 months without having to worry about making rent. +* I'm now starting the job search with new priorities in mind, but I have no looming deadline. I can afford to be picky about the job search rather than taking the first offer I can get just to pay the bills. +* Bafflingly, my net worth has increased while my only income has been the 2 stimulus checks, from just two years of investing and a thriving stock market. I've used this fact to convince 3 friends to sign up for their 401k this year. + +One cautionary statement: **don't let the excitement of saving stop you from spending on quality of life improvements.** I was so excited in spring 2020 to see my net worth skyrocket that I didn't purchase small luxuries like quality headphones and an ergonomic chair that would have made working from home more comfortable. I doubt these purchases would have stopped my stress from boiling over entirely, but I would have been a little less miserable for sure. + +**Conclusion:** + +* Once I'm back at work, I will definitely return to saving for FIRE, but I won't let work take over my life. I want to enjoy the ride before I reach the end. +* Even if my RE plans are derailed or delayed again, I'll still be in a better financial place than if I never tried. + +TL;DR: **saving money with FI in mind allowed me to save my mental health. leaving a job without worrying about money is an incredible privilege to give one's self.** +I'm a 25 year old who became interested in FIRE a little over 2 years ago, when I graduated college and entered the workforce. Because I followed FI principles from the start, I was able to weather a turbulent personal 2020. Hopefully my story is useful as an example of how striving towards FI can be beneficial even when you're far from the end of the journey. + +**What I did in 2019 and most of 2020** with guidance from resources like this sub: + +* lived on 50% of my gross salary. I wasn't making an impressive 6-figure salary or eating only lentils to make this possible, just generally keeping costs low (low rent in a high cost city, no car, and having cheap hobbies all helped) +* The unspent remainder of my salary was split between retirement investing, building an emergency fund in a HYSA, and paying down student loans +* tracked my expenses and calculated preliminary FI numbers. figured out the min and max I spend in a month, how much I need to put into retirement accounts each year, etc. +* when student loan repayment was paused, I diverted loan payments to savings (with the plan to make a massive lump sum payment before interest starts again) +* maxed a Roth IRA for 2019 and 2020, and contributed to 401k up to match + +**The crisis:** + +* A combo of sudden-working-from-home lifestyle shock, increasing work responsibilities, no social life, and pandemic uncertainty sent me into a deep depression in summer 2020. I was only living to work, and I grew to hate the work I was doing. With overtime hours I didn't have time for therapy or finding a doctor to get help. I was in a bad state - suffice it to say my post title is not hyperbole. + +**The solution & how FI helped:** + +* In fall 2020, I quit my job. It was a hard choice, but not for financial reasons. I had enough in a savings account to cover expenses for a full year, plus more if I had to withdraw from my Roth. Still being on my parents insurance also massively helped (thanks Obama!) +* Because I saved diligently with the far future in mind, I was able to manage my present. I saw doctors, started therapy, made major lifestyle changes. I gave myself the privilege of focusing on my mental health for the past 7 months without having to worry about making rent. +* I'm now starting the job search with new priorities in mind, but I have no looming deadline. I can afford to be picky about the job search rather than taking the first offer I can get just to pay the bills. +* Bafflingly, my net worth has increased while my only income has been the 2 stimulus checks, from just two years of investing and a thriving stock market. I've used this fact to convince 3 friends to sign up for their 401k this year. + +One cautionary statement: **don't let the excitement of saving stop you from spending on quality of life improvements.** I was so excited in spring 2020 to see my net worth skyrocket that I didn't purchase small luxuries like quality headphones and an ergonomic chair that would have made working from home more comfortable. I doubt these purchases would have stopped my stress from boiling over entirely, but I would have been a little less miserable for sure. + +**Conclusion:** + +* Once I'm back at work, I will definitely return to saving for FIRE, but I won't let work take over my life. I want to enjoy the ride before I reach the end. +* Even if my RE plans are derailed or delayed again, I'll still be in a better financial place than if I never tried. + +TL;DR: **saving money with FI in mind allowed me to save my mental health. leaving a job without worrying about money is an incredible privilege to give one's self.** + + +[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!* +***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. +In 2012 I spent 30BTC on Silk Road (after tumbling my coins three times but I have a feeling that whole process was unnecessary) for a single sheet of acid. They were Jerry Bears from a vendor in the Pacific Northwest that went by HouseOfSpirits. I spent that money joyfully and gratefully because, for the time time in over a decade, I could find really good acid. + +Today that would be worth $1,500,000 + +Or $15K per hit. I have around five of them left. I think that qualifies as the most expensive acid in the world. + +No ragrets +I work for a medium-sized Software Company as a manager in the Technical Support department. I specifically work with software in the distribution unit. Today, we had our monthly division update meeting, which is usually just information on financials, stats, and some industry trends. Casually, they slipped in some information on a huge trend: + +[Removed information that was confidential and irrelevant](https://preview.redd.it/lnhnuv3xdxv61.jpg?width=2180&format=pjpg&auto=webp&s=8c11ce948feda9c230bf2bbb2b700632eee95e4c) + +Our customers in this division are typically wholesale or office supply sales. As of this past quarter, they are experiencing MASSIVE inflation on their commodities they sell. + +I am not here to go over the DDs that u/Atobitt wrote. If you haven’t read them yet, go read them. They are pinned on his profile. + +I can hear you asking: what does this have to do with GME? GME has a massive negative beta. That negative beta on GME means one thing: as the market declines, GME goes up. There’s already a lot of good DD on this already, so I won’t go into it either. The bottom line is this - GME is the BEST investment to hedge against a market decline. GME WILL moon, the market will decline, and it will be TREMENDOUS when it does. 🚀🚀🚀🚀 + +TLDR; The US economy is experiencing the largest amount of inflation we have ever seen. A market correction is imminent. GME is the single best way to hedge against a market decline. BUY and HODL 💎🙌🏼 + +*Edit: This is not financial advice. I melt down crayons into a soup, throw in alphabet noodles, and that's how I decide where to invest my money.* +I am 6 years away from retirement and have worked hard to raise a son solo, own a home, have a great pension (Canada), and a solid financial portfolio. + +Problem? Been dating someone for two years who has a pension income but is terrible at saving money, ex: he borrows money to vaca. He was debt free one year ago after selling his house and is now 10 K in debt from daily living. And pulls in over 3500. a month in pension... note: he is very generous with me.... + +How to reconcile different values...? +Yeah, at nearly $60k my mom finally started buying chunks of BTC. She will probably get a whole coin, in the coming days. +I am so happy, but I have real regrets that she didn’t listen at $6k. +She is a school teacher in her mid 60’s. She is hoping to teach into her mid 70’s, if health permits so she can retire. +As she tells me this, I think this is a horrible plan. I launch conversation into bitcoin and how the US dollar is losing value. I explain this not a get rich quick scheme, and how this a 4-8 year hold. The end result is she opens her app and maxs out her daily limit. + +I am praying BTC will do what we think it will. I know all the potential is here and expanding. Been crypto since early 2018. Waiting around is the hard part. + +Am I insane? I just want her to have solid foundation and back plan in BTC. What do you fine folks say? + +Edits: She has been DCA for a couple months now. I have also told her see a financial advisor. She was letting it sit in cash. This was before the post, or telling her to buy BTC. + +I believe we will break $100k. Two years ago, I said would have been $60k -$120k. Before corporate/banking adaption and stimulus money. I am not sure where we top out, but $60k is not it. + +After overwhelming feedback, I told her not to complete the coin. She should just continue DCA from here. I agree the risk is high, the reward is still worth it. + +The feedback was great, thank you! + +Be nice. +I have twins that are about a month old. It’s sucks and I’m looking for ways to spend some money to make this all easier. We (my wife and I are 34) are comfortably chubbyfire and on our way to fatfire. + +So far we’ve splurged on a few things to help us get through these early days: night nanny a few nights a week, house cleaner once a month, double of much of our gear so that we have a full “station” both upstairs and downstairs (including two brezzas), nice pump gear/multiple pumps for my wife, we each see a therapist once a week, lots of extra supplies so we aren’t washing bottles 6x a day / going to the store constantly, etc. We don’t have Snoos and given that we are already a month in (and have the night nanny sometimes), I’m not sure it’s worth it. + +For the other twin parents here with some money to throw around, would love to hear what helped (or what was a waste). + +For example, We have a nanny starting when we go back to work in January, but I’m at the point where I am ready to start the nanny now. Thoughts? + +Thanks for any help or advice you’ve got. +I've inherited a bit of a fixer upper from my father and I'm on the fence about keeping it or selling it. The condition inside is pretty bad (people were living in it, but it's definitely run down) and may need some roof work and work on the plumbing. It's about 1,400 sq ft, 3br/2ba and in an okay area and close enough to places like Universal Studios and Hollywood to be of some value (farther north in the valley). + +It's valued on Realtor.com for about $750,000, but I imagine it would be lower once I get someone to look at it. The mortgage is paid off but the property taxes will be reassessed to be around $9,000 (I think). + +I don't have intentions of living in it, so I suppose my question is whether it's a good idea to invest in fixing it up and renting it out or should I just sell. + +Is there a ballpark number for how much a big renovation would be on a 1,400 sq ft home in Los Angeles? Should I expect the $100k-$150k range or much, much higher? + +Thanks so much! +Hi guys, + +I just notice that AAPL at very near its 52-week low. I am buying some shares. Is anyone buying AAPL today? + +AAPL is something to buy and hold for a while. It's not a trade stock so a dollar or near a 52-week low is a great entry point. + + +[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!* +My wife and I are celebrating our 9 months into our FIRE journey. It has been an incredible journey so far. Reading up on all the FiRE blogs, learning about tax savings, and interest rates, it seems like we were different people nine months ago. We are taking the time to celebrate today not because we hit a net worth mile stone but because we have hit our “recovery” goal. + +When we started, we owed money on 3 credit cards, 2 vehicles, taxes, creditors, medical bills, mortgage, and home repair vendors. We had no budget, no plan, and very little retirement savings. As of today, we only owe money on two things, our mortgage and one vehicle with 1% interest. We are on pace to max out one of our 401ks this year, both ROTHs, and our HSA. + +I know there are not a lot of financial details and honestly, it only took us 9 months, I’m sure others had a harder and longer road to recovery, but it feels really good right now to have just completed this part of our plan. We are now ready to save for our future purchases instead of borrowing. + +I want to thank this sub for all the advice received, MMM, and my friend that showed me this different path. + + + I posted about this recently in a thread but, too many people blindly buy options without actually knowing what their potential outcome's are. [Options Profit Calculators](https://www.optionsprofitcalculator.com/) can be used to show you what your potential P/L is for a trade, but it also shows you how theta will eat your option away if you buy something ridiculously priced. From my recent interactions with people on here there's a lot of traders that don't know about these. + +Using an Options Calculator is a great tool to get a better understanding on how options will move and how to better plan your entry and exit points for a trade. Cheers! +[https://www.forbes.com/sites/michaeldelcastillo/2021/06/30/6-billion-ncr-opens-bitcoin-purchases-to-650-banks-and-credit-unions/?sh=6dd177913f82&utm\_source=TWITTER&utm\_medium=social&utm\_content=5072876997&utm\_campaign=sprinklrForbesCrypto](https://www.forbes.com/sites/michaeldelcastillo/2021/06/30/6-billion-ncr-opens-bitcoin-purchases-to-650-banks-and-credit-unions/?sh=6dd177913f82&utm_source=TWITTER&utm_medium=social&utm_content=5072876997&utm_campaign=sprinklrForbesCrypto) + +&#x200B; + +EDIT: It's not just NCR. FIS, Fiserv, Alkami, Q2. 100's of millions of bank customers globally will have access to this network. [https://twitter.com/fintechfrank/status/1410201999925301249/photo/1](https://twitter.com/fintechfrank/status/1410201999925301249/photo/1) +What the title says. I’m going to be starting a new job in a month making nearly seven times what I’ve made almost every year I’ve worked. It’s going to be 6 figures and I’m not sure entirely what to do with this money besides save it in an account. I’d like to use portions of it to make money passively instead of it just sitting in an account but not really sure how to go about it. I’ll have no rent for two years due to my company covering housing costs so I should be able to save almost all of it outside of eating and travel expenses going between states. What are some great ways to do so? +I borrowed quite a bit for college and grad school. I went to a private grad school in California so the tuition was pretty high. Parents worked hard but didn’t have much money so I worked and applied for loans so they didn’t have to worry about paying for my education. + +I’m currently in a residency program so I’m not making as much but once I’m done in 6 months, i expect to make $120k-$170k. + +Right now, I pay $800/month towards my consolidated loans but it seems like it’s just being thrown into a black hole, lol. + +My other monthly expenses: +- Rent/car payments: $900 +- Allowance for parents: $500 +- Phone: $77 + +Should I refinance now or wait until I am done with residency? I don’t know much about financing — is there a resource you recommend? + +I do intend to seek help from a financial counselor but wanted to know what others may have done. + +As a side note, I love what I do and have no regrets. + +Edit: these are all federal loans (6% interest rate) +Hi everyone, sorry in advance for the lengthy post and thank you for any help offered. It’s going to be long just to explain my situation / dilemma. + +I’m 25 years old and living at home with my parents. I’m a teacher in NJ with about 40K in savings (had a few months unemployed so I would be at 60K but stuff happens I guess :/), 10K in a Roth IRA, and no debt. + +My original plan was to move to Chicago in 2.5 years (2023) once I finish my masters that I’m starting in the Spring. I was hoping to buy property right when I get out there, but I guess renting originally is okay. I won’t bore you with details, but waiting 2.5 years to move to Chicago makes sense. So I’m not looking to move there sooner. +I’ll be able to pay for grad school in full and shouldn’t have to take out any loans. Since my family lives close to my job, moving out seemed pointless since 1.) I don’t plan to be here too much longer and 2.) I’d live nearby and be paying a steep price in Northern NJ. + +I have a post on here from last week, though, explaining my parents’ financial difficulties. That is frustrating enough to watch. But additionally we (4 people) live in a small apartment where I get no privacy and it’s driving me mad. My parents are very loving, but my father can be overprotective (again, I’m 25). I’ve never even had my own room as my brother and I have shared a room my whole life (I’m embarrassed to say that, but again, just painting the picture here). + +I’m now contemplating moving out even though it was never my plan. I am somewhat worried though I’ll look back in 3 years if / when I move out to Chicago and I’ll be upset I spent so much money over the last 3 years on rent, when it’s money I could have saved. + +Did anyone move out sooner than planned and end up regretting it? +So basically I’m struggling with sucking it up for 2.5 more years or just doing the thing (moving out) and hoping it works out. + +My one friend is interested but the NYC area is quite expensive (she works in NYC and I work nearby in Jersey) and it wouldn’t make sense to leave the area. We’d be looking at $1000 each (at least) or a little more if we want a 2 bedroom. + +I make about $4500 (full time and part time job) for 10 months and then only $1000 for the 2 summer months. + +Any suggestions? I know it’s obviously up to me, but I’d like to hear people’s input. Thanks again for reading and helping! +The title pretty much…[The SEC has less than 5,000 employees with an average salary of &gt;$200,000/year.](https://www.federalpay.org/employees/securities-and-exchange-commission). SuperStonk has over 700,000 Apes with just an “average salary”. [Less than 400 of those employees at the SEC are part of the “Securities Compliance Examining” department.](https://www.federalpay.org/employees/securities-and-exchange-commission). Over 700,000 Apes are part of our own “Securities Compliance Examining” department. LET THAT SINK IN. Ladies and gentlemen….I appreciate all of you. Before long all of your hard work and dedication to each other and this country and the entire retail trading world will pay off. It’s time. However long it takes is however long I’m in it with all of you. I’m certain we will not give up until things are made right by our lopsided government, banks, SHF’s, the SEC, the DTCC, and whoever else is playing games with our hard earned money. I love this community more than you can even imagine. To the moon to refuel…then to unknown galaxies. + +Edit: I completely understand some, maybe half or more, of the 700,000 are not apes. I also understand that only a small percentage do the DD and the rest lurk. I just don’t know how many so I used the larger number. I like big number and crayons 🖍. +I just found about this website https://www.levels.fyi/Salaries/Software-Engineer/Australia/. The salaries information look legit. Posting here so maybe people who regularly contribute to this sub, and interested in this topic can post more data points there. +I got an email and SMS telling me about my new account (Westpac life) and how to deposit money into it for the first time to activate it, I thought it was just a scam so reported it so and ignored it. few days later this account pops up in my online banking list... furthermore automatic payments were setup to transfer money from my pay account into this new account every week! HOW the F does this happen!? + +I called up westpac and they said it wasn't done over the phone, in a branch and it's quite a long form online she said. +The thing is... the BSB of the account is a local old branch I haven't been to in nearly 8 years.... Is someone just trying to make a quota? I'm fairly annoy this was able to happen without my permission at all! even scarier is the banking transfers that were setup up also without my permission!? + +I'm still on hold (third call, they either hang up, said they were on a public holiday? and now I'm on hold again) Are they having an oh shit moment behind the scenes trying to figure out how to spin this? + +How do I proceed? I don't I think this should go unpunished it is electronic fraud right? opening an account in someones name without there express prior permission ,etc? + +I've transferred the money back into my normal account but am slightly terrified that this is even possible. +Looking for advice, or maybe this has happened to you? what did you do? + +TIA +This isn't new, but the extremes have moved significantly. Never before have I seen so many people lose so much out of sheer ignorance. + +**First and foremost I want to establish a fact: Short squeezes are not permanent.** + +I made a post a week ago telling everyone that short squeezes were not permanent. GME opened at over $300 that day. By Friday it would close at $63. The mechanics of a short squeeze make this an inevitability. They are, by definition, a short term event fueled by a sudden spike in demand, an unsustainable spike in demand driven by short covering. That demand is necessarily going to end. So, when you see a stock skyrocket from the 20s to over 300 in the matter of a week taking a long position is a less constructive use of your money than just burning cash for heat. + +**What this isn't: an "I told you so".** + + I don't really care about that. The red on the ledger is enough for people to eventually learn they were wrong. Sure, they'll grovel about conspiracies for a bit, Janet Yellen called Vlad and told him to fuck the retail investors. Hedge funds had a "short ladder attack" (for why that's not a think, [see here](https://www.reddit.com/r/investing/comments/lbib0x/the_myth_of_the_short_ladder_attack/) or [here](https://www.institutionalinvestor.com/article/b1qdq0y5b79rzb/Wallstreetbets-Conspiracy-Theorists-Claim-a-Short-Ladder-Attack-Brought-Down-GameStop-Short-Sellers-Have-No-Idea-What-They-re-Talking-About). They'll claim that the DTC intentionally stopped out retail order flow, despite retail orders being [net sells](https://www.bloomberg.com/opinion/articles/2021-01-29/reddit-traders-on-robinhood-are-on-both-sides-of-gamestop) for most of this endeavor. Whatever, so you're going to see a lot of blame on anything but the fact that it's obviously not smart to go long at the top of a goddamn short squeeze. This is the financial equivalent of doing 150MPH on a dirt road then blaming the tires, the loose gravel, the 2mph headwind, or interstellar radio waves altering your tire pressure when you crash. No, you shouldn't have been doing 150MPH on a dirt road. + +_______ + +**What this is: reflecting on the mob** + +The shameful part of this is that in your foaming at the mouth rabid need to believe in this story you downvoted and ridiculed anyone who brought up risks, you attacked news agencies who called it irresponsible, you barraged threads and subreddits with hype posts. For the first time in this sub's entire history we actually had to restrict posting to manual approval only. + +I spoke with a reporter for a major publication working on this story, and he relayed that he recently interviewed a homeless man who bought three shares at $315 hoping to get himself out of poverty. do you know how much $945 can do for a homeless person?? There's [this post](https://www.reddit.com/r/investing/comments/la3bft/emotional_involvement_has_never_been_this_high/glob1kf/?context=3), where a disabled man on government support hopes to build a house with GME gains, again buying in near the top. These are two examples, but there are hundreds if not thousands more. + +20 year old middle class kids blowing their beer money for the month on GME doesn't bother me. who cares. But these are people who cannot afford to lose even a few hundred dollars. These are setbacks that could have equated to months worth of food, new wardrobes, necessary medical attention, etc. + +We can never prevent those in poor financial situations from making poor decisions, but we can and absolutely should hold ourselves to the standard that we will at least not foster an environment that encourages poor decisions. Many of you will lay blame elsewhere, but if you downvoted a post discussing risks of GME, accused someone of being a shill, encouraged someone to buy without first understanding their situation, etc. then you are culpable here. + +------ + +**You can, but should you?** + +Much has been said about Reddit's ability to affect the outside world, and now just like with the Boston bombing everyone dove in head first without bothering to examine the risks, the drawbacks, the losses, and the ramifications for those who can't afford them. + +**So, what did Reddit accomplish here?** + +Ultimately, nothing aside from transferring a lot of retail wealth to institutional funds, again. Sure, we can jerk off all day to Melvin's down month. Perhaps they were hedged and they'll have a monster January, perhaps they were not. But all of the other funds that took the long end of this early on, with managers that understood the kindergarten aspects of short squeezes - they bailed out in the 200-300 range selling some to short and some to unwitting retail investors engaged in a fervent and ultimately useless battle against some imaginary foe. + +This wasn't social justice, it wasn't some populist uprising, and I don't care how much AOC, Ted Cruz, Mark Cuban, or the Pope wants to dogpile in on this. There was nothing that happened here aside from a bunch of retail traders who didn't know what they were doing encouraging a whole lot of other retail investors who couldn't afford it to give away money they didn't have to institutions. + +Next time y'all want to effect change just have a charity drive for UNICEF, or send money to a PAC focused on fighting inequality. Write your senator, picket congress (peacefully, no mob bullshit), organize a sit in, whatever. But let's not encourage broke people to give their hard earned thousands to hedge funds. + +**And most importantly, the next time this happens, because it will happen again, for the love of Christ try to understand what the fuck is going on before jumping on the hype train. And stop downvoting and ridiculing people that do understand what is happening with an opinion you don't like.** + +. + +Thank you for listening to my Ted^X Talk^I ^look ^forward ^to ^hearing ^about ^how ^much ^this ^hurt ^everyone's ^feelings ^in ^the ^comments. +Before a Green Day: + +“Oh I can’t wait for the dead cat bounce to load up on more puts” +“Stocks only go down” + + +As soon as $SPY goes up .5%: + +“Recession cancelled” +“Bulls on parade” +“RIP my portfolio” + +Shut the fuck up and hold your puts market is going to get fucked for the next three months just like your wife is by everyone else. +I wanted to share some experiences I've had with people I coach (which I don't offer anymore mostly because of what I will write now) and hope it helps at least one person focus on what **really** matters before day trading as a career. + +One of the real privileges of having a trading blog (no link so don't ban me) is I get to talk to and answer questions about common trading "issues" from all walks of life, countries and backgrounds. + +As in trading, as in life, I notice some very peculiar patterns developing in my conversations. Specifically, what people are struggling with and how they grapple with the paradox that is trading. In many cases, system problems become emotional problems and then the emotional problems ruin the system. It's a vicious circle. + +Even though we are all from various walks of life, **a few commonalities show up in coaching and sharing sessions:** + +&#x200B; + +1. Some are in a challenging financial situation - with either too much or not enough money (yes some people have too much money, first world problems). +2. The wealthy ones are trading to relieve boredom and actually have gambling addictions in disguise - something my own psychologist pointed out +3. Some are under pressure with money and trading is an escape to riches which leads to going too heavy too soon and destroying their account and confidence +4. Many have very ingrained beliefs about the market before they trade which keep them stuck in faulty beliefs about wealth and trading +5. Few (myself included) want to hear the actual truth about their system and don't do the hard stuff like a trading journal, around 5% of people log their trades +6. Few people practice and back test trading. +7. Very few if any have a written plan and process on which to escape the 9 to 5 + +The biggest commonality of all being, **everyone expects it to be far easier than it is.** Particularly those who made a ton quickly and then lost it again. Seldom does anyone have a tangible plan, written down with cash flows, costs, expenses or a vision of what trading full time really is. + +Most people want to be trading at Super Performance level but haven't even managed their own household finances (if you feel attacked by this statement maybe there is some truth?). + +Most people want to hit 1000% annual returns (who wouldn't) before they understand core concepts about savings, cash flow and trading stocks as an actual business. + +**Not all foundations are the same** + +Many of the mental and financial foundations I've found are quite loosely defined, something okay when tinkering with stocks, not okay when your kids depend on it. + +Having gone through this metamorphosis myself, I think that most of underlying issues are the same. There are a few pillars to creating a realistic **trading business** **plan** that people need to consider - both psychological and financial, they are inextricably linked in fact. *Excuse if I am preaching here but I know from personal and very painful experiences, what works and what doesn't!* + +**Your** **Psychology and Income** + +I've written before about [what it takes to trade from a cash-flow perspective](https://blog.redpilltrades.com/how-much-do-i-need-to-trade-for-a-living/) but seldom write about the stress(es) it takes to get there. If you have a situation where you are trading to live, the impact on your psychology is constant both conscious and sub-consciously: + +&#x200B; + +1. You can't guarantee the market will provide a recurring return which results in worrying about trading before you have started trading. More on Fear and trading found here in depth. +2. In the back of your mind there is always a "plan B" to "go back to work if it doesn't work out" ,which in essence lays the foundation for being okay with ultimate failure. If you anticipate you can go back, it's easy to let mistakes into the plan. +3. Dollar amounts become tied to items, events or experiences where you "could have used the money". If are trading a 100k account and not used to it. You could equate a 1% loss to losing a trip away with your wife and kids. + +**The Income Itself** + +I've written in depth about what it takes to trade for a living from a cashflow perspective but really need to hammer it home. The full article can be found here. + +The thing is, I've traded for a living whilst I had a mortgage and also traded for a living without having a mortgage (paid off mortgage). In my early trading days I was far too inconsistent to pay any mortgage reliably based on trading. + +It is impossible to separate these thoughts particularly if you are new to trading and are just in it to make money. One of the best decisions I made in trading was to stop focusing on the money and begin fine tuning the actually process. + +Far more new traders should be focusing on saving and **building a nest of assets before they even consider trading.** That doesn't mean "don't trade" - it means stop smoking hopium and realise that if you really want this, it takes time and quite a lot of time. The tuition of trading can be steep, if you aren't ready for it then save longer, trade less and develop skills not "wishes" + +**Trading Whilst Holding High Interest Debt** + +The thing about traders is. we are inherently interested in compounding our gains and having a statistical advantage in our favor to make money over time. In essence, making compounding our biatch and running our system day in and day out. + +Debt is basically the exact same principle, only the money goes into someone else's pocket. + +Just as positive compounding works with you, debt at high interest compounds against you. It would be the same as having a trading account that is **guaranteed to lose say 5 or even 15% per year!** Even worse, imagine taking our a loan and your trading account goes south. You are now tied into monthly payments, are down the money itself and can't find new opportunities to trade... because you never have any money. + +Trading whilst holding debt is absolutely and unequivocally insane! Particularly if that debt has high interest. One of the most fundamental things we can do as traders is exercise basic financial prudence **before** trying to beat the best minds in finance to make money. + +**Creating a Solid Foundation on Which to Trade or Invest** + +There are far too many hurdles both financially and psychologically for anyone to hold huge debt and not hold basic financial literacy... and then trade. Somehow, that is who the target audience is for most brokerage firms. + +Not only do you risk losing more than you invested, you could put yourself in a financial hole which takes years to recover from and will turn trading into something very ugly indeed. The long term damage isn't always obvious at face value but can creep into relationships, habits and things outside of trading. + +A sound foundation on which to ramp up your trading efforts looks more like the below: + +1. No overhead or high interest debts - exception is a mortgage that is well proportioned to your income and easily managed. +2. Suggestion is mortgage insurance if it is cost effective in your country. +3. Create and budget for realistic costs associated with trading. Write this down and create plans to get there. Turn the dream into something tangible. +4. Have an emergency budget. Just in case things go poorly, it's always good to have backup, for me, at least 12 months of living expenses is a minimum. + +Although less apparent and tangible, one thing I must include in a solid trading foundation is... your wife, partner or network of friends. + +As trading is a holistic pursuit, surrounding yourself with the right kind of people is hyper important. + +Even if you have the financial plans in place, your trading environment, where you live, what you eat, your physical health and other environmental considerations can come in to play, some very high level suggestions: + +1. Cut your losses with toxic relationships. Is someone is weighing you down or even worse - telling you what you want to hear! Seek truth in relationships. +2. Make sure your trading office is clean, including files desktop and workspace. +3. Keeping a clean and well balanced diet, reducing caffeine and stimulants which impact mood, adding complex carbs and reducing "quick fix" sugars which impact emotional state. +4. Keep a journal. + +I want to avoid over-complicating this write-up as many of these foundational aspects of trading seem obvious, even though they might be obvious at face value, few execute on them in reality. + +Far too many people pursuing trading "dreams" have a weak financial foundation, hide trading from their partners (due to losses) and dig a very deep hole that is hard to escape. + +As traders and investors, it's up to us to deal with and take full accountability for our trading results. The most obvious prerequisite of this being - a solid, simple and well thought out foundation on which to build. + +Simple systems are always the best. Having a nest from which to fly makes all the difference both in a solid foundation and long term career in trading stocks. + +If you spent the time reading this - hope it helps. I love trading but damn, I wish someone had this chat with me BEFORE I lost my first few K + +&#x200B; + +EDIT: Thank you so much for any upvote awards and reaching out. This keeps me writing! Super appreciated +As the title states, my sons are both in the hospital with RSV. One almost died last night. I only had 3 weeks of paternity leave which are just about up. I plan to speak to HR in the morning to make a plan but want to gauge my options. I will likely be told to use FMLA and New Jersey’s NJFLA with NJ’s paid leave. + +I make $12,000/m gross, approx $4,200 every two weeks after withholdings, including health insurance. I have $12k in savings, some recent credit card debt that I can balance transfer for 0% for 15 months so it’s a non-issue right now. $60k available credit. + +If I use NJFLA I will qualify for the state paid leave. Unfortunately it caps at $993/week so it will not replace my pay entirely and I’ll be forced to cut corners, which is why I’m posting here. + +In terms of expenses: + +•I have a mortgage equaling $2760/m on a house I bought in May with my mother (5br3ba2kitchens/mother-daughter), I split taxes with her so she sends me just under $600/m so I pay roughly $2200 and my share of the utilities is around $200/m. My MIL is living with us for the next six months and she does not financially contribute but we all pitch in for her essentials. + +•I have two cars, Hondas, one is $232/m and the other is $550/m, car insurance $211/m. + +•Most of my healthcare is entirely covered right now but I pay $250/m for my psychiatrist. + +•Groceries/food are around $700/m including a meal service for $83/week. (For my wife and I, the babies now, and my MIL). + +•I pay $60/m for water jugs (mainly for my wife and the babies). + +•I pay $90/m for a massage service (this is important to me). + +•I pay $300/m for life insurance ($1.6mil total term policies). + +•I pay $50/m for assorted streaming services. + +I may have missed some but I’m fried. + + +Full disclosure, I watched my son almost die last night and am a wreck. Now with two boys struggling I can’t focus on work and them right now and my family needs me. Any advice is appreciated. +I ask myself this all the time.. whenever it happens. + +Why does the price of the entire market literally look like it has just fallen off of a cliff? + +No news.. no FUD.. no idiots screaming.. but the entire market just literally goes down 10-20% for what seems no reason.. why does this happen? + +I’m asking honestly... I’ve been into crypto for a long time.. I just don’t get it! + +Anyone that feels like filling me in... besides the fact that I’m an idiot.. please, feel free! None of this makes any sense whatsoever.. + +Good luck out there! +Hi there, title pretty much says the lot. +Me and my fiancé are looking to buy in regional Vic, we’ve got a 20% deposit saved and are ready to go. I’m now starting to think about other cost such as furnishing the place. Is there any good advice or articles about the average price of furnishing a house? + +Cheers. +Is Solar 30% rebate the only opportunity if you're "earning over 150% of an area’s median income"? + + I've been delaying HVAC upgrade but it seems like there is an income limit to getting a lot of the going green upgrades. There really needs to be a site that summarizes the benefits based on your income. +During the pandemic 1.3 million people took advantage of the stamp duty holiday paying no duty on properties up to £500k. Prices had risen by 13.4% by the time the scheme ended in June 2021 + +A friend of mine and his wife, both public sector workers with a combined salary of £120k decided to take advantage. + +In summer 2021 they bought a house in London for £585,000. They put down £60k as a deposit (\~10%) and borrowed £525k at 2.2% on a 2yr fixed. The appeal was saving £27k in stamp duty and in the rush to buy I think they paid over the odds even at the time. + +Monthly repayments were £2,250 and even at the time hey were 'just about managing' with their child care costs. Their fixed ends in June 2023 when mortgages rates at a possible 6.2% will push their monthly payments up to £3,450 - that's a 50% increase of £1200 a month, every month. + +If rates are even higher and prices are even lower then there is a real possibility they could end up in negative equity . As they're public sector workers it is highly unlikely they will get the pay rises they need to afford the service the mortgage on that particular property. + +They were never very financially savvy and blame the government for these rises. I know for a fact they chose to fill their boots with as much as they could borrow but - unwisely - assumed rates would continue to stay low. It would have been smarter to have locked in 5-10yrs for such a major purchase. Now they're staring into the financial abyss. + +I think this is a story of both bad luck and bad choices. What advice would you give to the hundreds of thousands of people in this boat and how do you think this will effect the market? +Hi, + +I am a 25yo graduate on £25k and I'd like some advice on my monthly expenses: + +&#x200B; + +|Rent|£500| +|:-|:-| +|Council Tax|£85.19| +|Broadband|£24| +|Home Insurance|£4.40| +|Water|£15.17| +|Electricity|£50.59| +|Food|£200| +|Life Insurance|(4x salary, work benefit)| +|Health Insurance|£18.79| +|Phone|£10| +|Misc (Netflix etc.)|£20| +|Pension|£125 (6% employer matched)| +|S&S ISA|£500| +|Savings|£0 (£12,000 emergency already saved)| +|**Total Spend**|**£1,533.13**| +|**Total Income**|**£1,720.15**| +|Net Income|£167.02| + +&#x200B; + +Is there anything I'm spending too much/little on? + +My long-term goal is to be financially secure, but I don't want to make enormous sacrifices to achieve that. + +I would like to retire at age 60 on about £25,000. I hope to be on £40,000 by age 30 and the average peak for my profession is £60,000 at retirement. Is 6 percent (accounting for inflation, interst, increase in salary etc.) realistically enough? + +I also don't want to put down a deposit for a house/invest in a LISA because one day I hope to move abroad, and I also don't want to be constrained to one area should new work opportunities come up in other parts of the country. + +Thank you for your help. +I’ve got a massive urge to buy an awesome camera+lens for £1.2k. It’s on sale somewhere for £200 less than elsewhere due to a price mistake (I think). Second hand, it’s selling for more than that. For the past 6 months I’ve gotten into photography using cheap old film cameras but would love a decent digital camera. Sleeping on these urges for a few days has helped in the past but it’s not working here. + +I’m earning £21k take home pay after rent. Have £10k in emergency fund and £6k in current account. Recently had to pay £3k on private medical treatment. I have no real plan to buy a house or car anytime soon. My phone and laptop are both ancient and will likely need replacing at some point in the next year: £1.5k. Plus I’m looking to start going on holidays again soon (I’d probably want a decent camera for these anyway). + +Should I buy the damn camera? + +How have you all handled these urges in the past? + +Edit: the website have updated their price mistake back up to £1.4k. Oh well. Looks like I could get it for £1.2k second hand but less of a no-brainer. +I romanticize the idea of going back to school to finish my PHD once I have more stability and am leanfire, but the idea of being among a ton of mid twenty year olds while Im in my 30s admittedly worries me. Does anyone have experience with this? +I’m early 40’s and basically Fat FI. And at a conservative SWR (2%-ish) will comfortably sustain my current lifestyle. I’ve not denied myself throughout my working life. I just a. fell into one of those sectors that pays a lot and b. enjoy a lot of things that don’t cost all that much. I live well. And fully. I have the life I want and a portfolio of investments that should sustain it easily. + +I don’t love my job (I also don’t hate it) but I’m struggling to step away from it. I think it’s due to risk-aversion. Once I leave, there’s no going back to the level of comp I earn today (c. 700-800k). + +So, just wondering if any of you have struggled or are struggling with the same issue? I see on the main FI board people expressing real confidence that as soon as they hit their number (based on a 4% SWR), they’ll be fine for the rest of their lives. I’m not wired that way. I need a load of redundancy built in and, even then, I’m hesitating. + +Anyone in the same boat? For us conservative types, how much is enough for us to step into the next phase (whether RE or random part-time but fulfilling work that definitely won’t pay the bills). + +Does anyone else find their ‘number’ increases whenever they get close it the previous? +Buying a new property. Interest rate is shit (5.5%). I can easily put down 20%, but could go as high as 40%. Think I should put more down to avoid paying more interest? Or save cash for a potential crash (which seems to be more and more imminent by the week)? +Ok, so first off, this post does contain some very relevant info about GME, but that is not its primary focus. The main idea of this post is to go over what is happening in the broader economy and provide some wrinkles for ape brains. + +**Big Questions** + +Let's start with some of the big questions ape's have: + +1. **Will the market crash cause MOASS?** No, it won't. Hedge funds are very good at, well, hedging, you can see this from Citadel's 13F filings where you can see how they've lost billions this year on HYG and SPY puts that expired worthless. To clarify, I mean what most would classify as a market crash - a 20-30% drop in the markets won't do anything. It would need to be a massive, institution destroying crash to overwhelm the bearish hedges supporting the SHFs and brokers. +2. **Will MOASS cause a market crash?** Yes, it will. Things will be sold to pay apes their tendies before the Fed steps in to print money, and this will crash the markets. Even if the markets have already crashed, they can still crash again. This is most evident if you look at 1929, when Black Thursday was followed by Black Friday and Black Monday and Black Tuesday. +3. **What will cause MOASS?** The exact trigger is unknown, but it does require the SHF (short hedge funds) to be liquidated, most likely via **failed** margin call. This is a very important point to remember - they will NEVER voluntarily close their short positions because doing so is a self-exterminating event. +4. **Will the prime brokers lie about stuff and let SHF (short hedge funds) pass margin calls they should have failed?** \- Yes, because this is also a big enough mess at this point to destroy the prime brokers as well, so they will have to be liquidated themselves via **failed** margin call to really get things moving. +5. **Is there any hope?** Yes. Always remember, the only way out for them is if GameStop goes out of business, and that's not happening. The MOASS, much like Thanos, is inevitable. +6. **What will trigger the liquidations that set off the MOASS?** Realized losses. There are so many ways to play with numbers as a large financial institution, from GAAP (generally accepted accounting principals) to non-GAAP accounting, to mark-to-market valuations, to deferred losses, to just plain hiding stuff in LLCs and offshore accounts, that as long as you can keep the balls in the air, you can do whatever you want. With one big exception, and that is realized losses. It's not a coincidence that we've seen "surprise" SPY drops regularly after big options dates when the contracts closed worthless, and losses had to be realized. + +This brings to mind an old accounting joke that should help explain what I'm talking about here. + +A CEO interviews three people for the job of head accountant. The first one comes in and says "I've reviewed the books and you made $6 Billion last year". The CEO nods, says thank you, and asks the second one to come in, they say: "I've reviewed the books and you made $3 Billion last year". Again, the CEO nods, says thank you, and motions for the third one to come in. Third one says: "I've reviewed the books. How much do you want them to say you made last year?" The CEO nods and says "You're hired!" + +So, what we're waiting for now is for enough realized losses to start the dominos falling fast enough that no one can prop them up anymore. In the meantime they're going to be desperately playing games to delay as long as possible while unloading worthless bonds and shorts onto anyone they can find to take them. I'm going to embed a scene from "The Big Short" that exemplifies this: + +[The Big Short Clip](https://www.youtube.com/watch?v=F3goSYkVPNE) + +Aaanndd, that's just a link to see it on YouTube. I'm bad at the internet. Well, here's some key quotes from that video: + +A Headline is shown on the screen: Bear Stearns Liquidates Two Hedge Funds after Massive Subprime Mortgage Losses + +*They have to realize losses to get liquidated. It's the only way they can't play games and kick the can.* + +"How can the value of an insurance contract not be affected by the demise of the very thing it insures?" "They're independent markets, they're not always correlated, I know it sounds odd but these are very complicated products" + +*This is the take of the banks on the bad Chinese debt they have right now.* + +"You know what they're doing? They're selling their dogshit CDO's, then they're going to another bank and shorting them there!" + +"Right now, every bank in town is offloading these shitty bonds onto unsuspecting customers, and they won't devalue them until they get them off their books!" + +*This is what the banks are trying desperately to do right now, they're just having more trouble than they expected because people didn't magically forget they pulled this trick a decade ago.* + +"It took me years to build my relationships on Wall Street, no bank or ratings agency is going to confirm a story like this." "You try being real with a 3 year old and a wife getting her Master's Degree." + +*This is why the press isn't reporting the truth or investigating anything. It's in their interest not to.* + +"Subprime bonds fell off a cliff, rumor has it default numbers are huge." + +*This is the first half of what we're waiting to hear about Chinese property bonds.* + +"I think you mean you've secured a net short position yourselves, and are now free to mark my swaps accurately for once because it's now in your interest to do so." + +*And that would be the second half of what we're waiting to hear.* + +Next we've got a short clip from the congressional hearings into the 2008 financial crisis featuring Senator Carl Levin and the CFO of Goldman Sachs: + +[Congressional Hearing Clip](https://www.youtube.com/watch?v=BCg8sKLF0uo) + +I strongly recommend watching the whole thing, it's only one minute, but here's the takeaway: + +"And when you hear your employees saying about this "God what a shitty deal", "God what a piece of crap" and you read about it in emails, do you feel anything?" "I think that's very unfortunate to have on email." + +*Yeah, this motherfucker is selling this shit, that they're short, that they know is shit, and he plays getting called on it in congress as a fucking laugh line. When these scumbags go crying to the cameras, and talking about how mean those Apes on reddit are, remember this shit. Just absolutely fuck these people into the sun. Honestly, watch all the videos of Levin grilling various human garbage from Goldman if you can, it illustrates the depth and breadth of the problem.* + +Ok, so, now you've got pretty looking Hollywood-ified AND regular looking congressional testimony both confirming this is what happened in 2008, and is in all likelihood (absolute certainty) happening again, wut mean? Well, it means we're waiting for a domino, and I'm going to go through the most likely ones to tip over. + +\-------------------------------------------------------------------- + +**Evergrande** + +Ok, first of all, you need to understand that while 2008 was fueled by housing, and started there, in the end it was all about the bond market. At the end, Wall Street couldn't give out bad mortgages fast enough to generate new bonds, no matter how ridiculous they were about it. So they started making synthetic mortgage bonds, and this is where things really started to go extra wrong. Most people never heard about this because Hank Paulson and Ben Bernanke worked together to cram all that bad debt into the Fed where everyone pretended it didn't exist anymore. (Spoiler: it still exists) + +And that brings us to the first catalyst that might trigger the MOASS - the Evergrande situation, which again, just like 2008, started in real estate (this time in China) and has ended up being all about the bond market. The company has already defaulted, but the banks and press are lying about it to try and avoid eating the bag, which is where a German finance guy who used to work in London comes in. I'll let him speak for himself with an Ape who got an interview - [Dr. Metzler Q&A](https://www.reddit.com/r/Superstonk/comments/qsgt1z/my_call_with_dr_metzler_and_his_view_on_the/) \- that's probably the most important post on the entire sub right now. If you haven't read it yet, go do so now. + +If Dr. Metzler is successful, then all of Evergrande's foreign debt cross-defaults and detonates, taking out several banks in the process, within the next week or two. + +**TIMEFRAME: 1-2 Weeks** + +\----------------------------------------------------------------------- + +**Inflation/Housing Market** + +The housing market in the US is getting ready to crash, but it won't be like what happened in 2008, and it's for largely different reasons. Most of the people buying homes today actually can afford them. (if you want to see an overpriced market full of loans that will go bad made to people who can't afford them, check out auto loans and commercial buildings) + +There are multiple reasons the housing market is about to eat a fat loss, including, but not limited to a) a huge supply of homes coming to the market from foreclosure and eviction moratoriums ending, b) institutions that overbought at too high prices realizing they need to get these illiquid assets off their books (Zillow says hi!), and most importantly c) mortgage rates rising, causing downward pressure on home prices. Look, right now inflation is running over 6%, and appears to be accelerating. No matter what the Fed does with interest rates or how much MBS they buy up, there is no world where mortgage rates stay in the 2-3% range with inflation at two or three times that amount. + +Low interest rates - specifically low mortgage rates - raise housing prices because less of your payment is eaten up by interest. When mortgage rates go up, you can buy less house with the same payment, this pushes housing prices down, because if your rate is say 2%, your $2500 payment might be broken down as $1000 interest, $1000 principal, and $500 escrow, whereas if your rate is 6%, then your same $2500 payment might break down as $1500 interest, $500 principal, and $500 escrow - which means you're getting a whole lot less house for the same payment. And almost all home buyers are payment buyers - you're buying what you can afford in a monthly payment. *(for those of you who don't know, buyers are categorized into three groups: payment buyers - they buy based on what their monthly payment is, cash buyers - they buy based on what the total price in cash is, and difference buyers - they buy based on the price difference between what they have and what they're buying)* + +Wall Street - and various foreign investors - have been buying up US housing and rental properties like madmen lately, and its contributed to the housing crunch and price increases, but, much like we're seeing with Zillow, when that dynamic flips, it flips fast. + +**TIMEFRAME: 1-9 months** + +\---------------------------------------------------------------------------------------- + +**The CMBS (Commercial Mortgage Backed Securities) Bomb** + +This one is a bit different from the mess we had in 2008 with MBS (mortgage backed securities) because it's a different market with different rules, and it's a smaller total market than MBS. + +That said, the problems here might actually be worse. There is a company called Ladder Capital, formed out of the remnants of the Bear Stearns bond department, that has struck an unusual deal with Dollar Store, and they have a LOT of properties that are very, very much coasting on made up mortgages. I could easily write like three pages on this one partnership alone, but I'll just summarize instead and say these people learned absolutely nothing from 2008 except that it was a profitable scam that carried no jail time. + +To understand just how bad the CMBS mess is, you need to understand how CMBS' work. At first glance, they're similar to regular MBS, it's a bundle of tens or hundreds of mortgages for commercial properties, they're divided into tranches (usually six) and the lowest tranches pay out the highest yields but also fail first. And now things get a little complex, so I'm going to simplify like crazy here, but this is the most important part to understand why this is all going to blow up. + +A commercial building is an income generating property, it's market value is derived from how much income it generates. The bank lending you the money will want you to put up some amount of collateral for the loan. If rents go up, the amount of collateral you have to post goes down. If rent goes down, the amount of collateral you have to post goes UP. Now the weird thing about CMBS loans is that if only half your building is rented, you can just pay half your mortgage and whatever you owe for the other half of the building just gets added to the end of the loan. Now, say you can't rent out the empty half of your building, and you want to renegotiate the terms of your loan rather than just keep adding debt to the back of your loan. Well, this is where the CMBS comes into play, because all those different tranches? The investors behind them have different incentives, the guys at the lowest tranches don't want you to modify the loan, because that means losses, and they take those losses first, while the guys in the highest tranche want to modify the loan because it generates more income for them and they're not eating any losses. Unfortunately for you, in most CMBS agreements you need a supermajority of 70-80% of the votes to get a loan modification. + +So, to lower rents to market rates and get the building rented out, since you can't get a loan modification, you, the landlord, have to write a check to the bank to make up the difference between the value of the building at the old, higher rental rate and the value of the building at the new, lower rate. Or you can just do nothing, get an extra write off for your taxes, and hope some sucker comes in and rents at the higher price or a different sucker comes along and buys the place from you, making it their problem. This is why you'll see so many empty storefronts with ridiculous asking prices that the landlords won't budge on - it's because they can't. + +I really, really skimmed just the teeniest top of the surface on this subject, but basically all those CMBS notes that are super toxic start coming due in March of 2022, and they're going to absolutely detonate the commercial property market. Many banks and investment groups will be destroyed when these go bad, just like in 2008. + +[Empty stores all over NYC](https://www.youtube.com/watch?v=OqSUhVjS77o) + +This is a video from a guy who just walked around downtown NYC showing all the empty stores and how the place basically looks like a dead mall now. + +**TIMEFRAME: March 2022** + +\----------------------------------------------------------- + +**China** + +If you're not aware, China is facing some truly epic problems, and while energy shocks grabbing the headlines, the real problems are with the property sector. This is different than the USD bonds owed to foreigners from companies like Evergrande, Kaisa, Sinic, Fantasia, and about 20 more property companies, all of which China will promptly tell all foreign capitalists to fuck off about. + +Property development makes up between 20-30% of China's economy. That's between $3-4.5 Trillion USD annually that's in trouble. Nobody is shaking that off. In August property sales declined over 17% YoY (year over year - this year vs. last year, basically), in September it was over 11% YoY, the October numbers come out in a little over a week. September is traditionally the busiest month of the year for property sales in China. What you're seeing is a bubble in real estate beginning to pop. However, always keep in mind that you can never trust official Chinese numbers because they lie all the time, but they always lie in a direction that makes China look stronger. So if the numbers are false, they real ones are worse, not better. + +*\*data on Chinese property sales taken from Reuters* + +One thing to note that makes this problem worse is the lack of not just quality, but habitability of the massive building boom. Usually infrastructure bubbles have the positive effect of leaving behind a lot of valuable infrastructure. Not so in this case. Here's a video: + +[Empty City in China](https://www.youtube.com/watch?v=YE-Oa7mAyDU&t=1142s) + +Understand, the "apartment buildings" they're walking through are likely classified as "finished" and might have "units" in them that have been sold multiple times. The buildings are actually MORE valuable as empty shells than if they were finished and rented out because if they're done and being used, they might get messed up or damaged. It's an unprecedented speculative bubble that is somehow generating assets with negative value when you factor in demolition costs. + +A couple of days ago the sixth Plenum Congress finished up and elevated Xi Xingping to the same level as Mao Zedong and Deng Xiaoping in communist ideology. This is huge, because it means Xi can finally say that the previous guys were wrong and change stuff they did. When Deng got this power, he used it to institute capitalist reforms and point out that maybe the whole part of the cultural revolution where they starved a significant portion of the populace to death was a bad idea. My best guess based on Xi's previous actions is he's going to use it to roll back a lot of Deng's reforms and increase party control over even more aspects of Chinese life. But party politics in the CCP are so opaque as to make VantaBlack look transparent, so, really, it's all guesswork to a degree. + +China is the worlds second largest economy, it's simply impossible for them to experience a significant economic decline and NOT have it spread. This is compounded by the way they ran their "Belt and Road" debt laden diplomatic initiative, where they would lend money to smaller countries in Europe and Africa to use Chinese companies to build infrastructure projects and then forgive debt payments as a form of political leverage. The CCP will have even less sympathy for whatever burdens they impose on these debtor nations than the Germans did for the Greeks after Wall Street stuck Dusseldorf with a ton of bad debt in the wake of 2008. + +**TIMEFRAME: within the next year** + +\--------------------------------------------------------- + +**GameStop Announcement** + +We've all been waiting awhile for Gamestop to announce their vision for the future of the company, and while we've managed to infer a lot of things from stuff like hiring posts, we don't actually know what their plan is. Or their timeline for announcement and implementation. + +Maybe we get something at earnings, or before, maybe we don't. It's a complete mystery at this point. I lean towards we don't, they've shown a very distinct lack of desire to do something that triggers the MOASS and taking the attendant blame for it so far, and that doesn't seem like it's going to change. + +To clarify, by "lack of desire to trigger the MOASS" I mean I don't think we're going to see an Overstock style kill-shot announcement from them. I think they're happy to leave the hedgies locked in a cage with Apes while they wait for the MOASS to be triggered organically by company growth or via a long term squeeze like what's happened with Tesla. (I'm more than happy to be proven wrong on this one, personally I would love a copy of the Wu-Tang album) + +**TIMEFRAME: your guess is as good as mine** + +\----------------------------------------------------------------------- + +Well, those are the top 5 events I have that could cause enough realized losses to bankrupt the SHF and do enough damage to the Prime Brokers backing them that it would cause MOASS. There is also the strong possibility that I missed a black swan event that will be super obvious in hindsight. Since I'm apparently too unskilled at Reddit to embed Youtube Videos, I just want you all to know they're safe to click on and I would [never set you apes up](https://www.youtube.com/watch?v=dQw4w9WgXcQ) for failure with a link from the [future post MOASS.](https://www.youtube.com/watch?v=avaSdC0QOUM) + +**TL;DR Bad things come soon! Maybe Squeeze come with them like in sidecar of motorcycle! Maybe not! Apes strong together! DRS Shares for safety like helmet Ape wear in public!** + +&#x200B; + +EDIT: ok, I definitely shouldn't post at 3am, note to self, wait until you wake up, then proofread, THEN post, lol. First I added in some dashed lines to break up the piece into segments better so as to make it more clear which parts go together. + +To clarify a few things, and I'll edit the body of the post itself to fix this - when I say a crash won't be enough to liquidate the SHF and brokers, I mean like a regular crash in the markets of 20-30%. That will accomplish absolutely nothing. It will have to be a massive drop that destroys institutions - and I listed the upcoming events most likely to do so. u/Ozziol brought this point up in the comments, and I knew after reading it I'd miscommunicated my intent. Sorry guys. + +To the second point people are bringing up in the comments about Gamestop not triggering the MOASS. Again, I guess I phrased this poorly. My bad. What I mean is it's incredibly clear that the Gamestop team isn't going to do a full on hype video presentation about plans like popcorn stock has been regularly doing at their public events. GME is all in on transforming the company and gaming, and they're going to continue to do that, but what they're not going to do is come out and say "screw the shorts, here's the real vote numbers, here's the drs numbers and hedgies r fuk". Will they make announcements about an NFT marketplace and whatnot? Probably yes, it really looks that way from what info people have been able to parse from their job listings and other indirect sources. But that doesn't mean they're going to pair that with an NFT dividend. They might just make a new kind of market and a bunch of profit off of it. And that's ok. + +I guess what I'm saying is that RC and the board appear to be content with a long, slow Tesla style squeeze up, rather than going for an Overstock-style kill shot with an NFT dividend. I'd love to be wrong on this one (who doesn't want a Wu-Tang album? Nobody, that's who) but all of their behavior for the last 9 months indicates they're going for the former. The twitter feed is literally an offshoot of the PR department - it's there specifically to generate hype. + +Finally, there are many things I didn't include in this post that are potential triggers. Stuff like the **put wall expiring on 1/21/22**, or the **Nov 15th "deadline"** on investors pulling money from SHF by the end of the year, or **whatever is going on with Brazil**, as just a couple of examples that I'm not familiar enough with myself to really talk about. But the SHF are swimming in ape infested waters, and it's just a matter of time before they start getting caught and dragged under. +I've noticed that a lot of people hear the word "bond" and recoil. But a bond is just a loan, backwards. + +When a bank issues you a loan, you borrow money from them. Later, if everything goes well, you pay them back. Also, you have to pay them some interest - Because it was nice of them to let you borrow their money, and they weren't sure you would pay it back. + +When a bank issues a "bond," you pay them money to buy it. And then later, you can cash it in for more money. + +Conceptually, the bank is just borrowing money from you. They take money from you, and then later, they give you the money back, plus some more money. + +The word "Bond" literally is just a loan, where you are the lender, and they are the borrower. + +Final note - I've said banks here, but governments and private businesses also issue bonds. It's just what large bodies say when they want to borrow money. +I went to an auction where the reserve was over 400k about the guide. It almost didn’t sell but the bidder agreed eventually to up his bid a little. But this is pretty deceiving right. In any other industry, you would be able to have a legal case against it. Like just imagine a doctor charging 1/4 more than he/she said it would cost. Why is that allowed to happen. What can you do to make sure you are not wasting your time? Anyway to find out the reserve price? +Here is the [github link](https://github.com/uniVocity/univocity-trader/blob/master/README.md). + +This framework aims to allow anyone who can code a bit to build and test a strategy then run a trading robot. It's meant to be easy to get started and comes with common capabilities as managing a candlestick database and emailing you every time a trade is made . + +Right now there is out-of-the-box support for Binance if anyone here is interested in crypto, but I built this to be extensible: implement 2 interfaces to integrate with another exchange or broker to trade stocks, forex or whatever instrument you want to trade. This is code you'd have to write regardless – e.g. to submit a buy order, or update your trading account balance. + +It allows building strategies that combine signals from different time intervals and comes with some known technical indicators, and one I created called DirectionIndicator, which uses linear regression to predict what the next value in a sequence will be, so you can try to anticipate the direction of prices/indicators. + +The readme shows a few examples and I hope you guys find it useful. + +Please contribute if you can: suggestions, bugs or code are welcome. I plan to add way more indicators there over time, so if you have a list let me know and I'll give priority to them. +I am using wealthsimple, but it doesn't allow me to buy/sell through the API. Are there any providers with a similarly simple cost model that offer what I am looking for? +Just having a look at the local housing market as I'm interested in getting my own place; a 2 bed flat is coming up for 200k, but if you're over 60 then it's only 140k for the same property? + +What does this really achieve? I understand that obviously the more money the happier the estate agent, but then why give a discount for age at all? +Always known as a great and reliable dividend stock. But it seems Pepsi took a great approach by diversifying their business with snacks and drinks. I’m curious what you guys think of KO’s future and whether it will continue to be a solid, reliable dividend stock. +Look at every post on WSB that has a ton of upvotes and awards. Always about "AMC Hodl" or "BB to the moon". And then look at the poster. Always less than six months old, always posting or commenting in just WSB or AMC or BB subreddits (sometimes a red herring first post or comment in a random subreddit). Not even a whisper about GME. + +That's all the confirmation bias this ape needs for Monday. I'm not leaving until the hedgies are bled dry. + +Edit: if you bought AMC, awesome. If you bought BB, that's cool too. Hope the rocket takes off for you guys, definitely cheering for you. But every penny I've got is going into and staying in GME. + +Edit 2: holy shit apes. It's simple. Don't sell meme stock A to buy meme stock B. Just hold. And if you want to put more money into meme stocks, I personally think GME is the only play. But you shouldn't sell others like BB or AMC to buy GME. Just hold steady. It's coming. +MGM 22 / 21.50. got 25 cents. Thought gee 100% loss is max loss so it’s a set it and forget it. 95% implied v? What could go wrong + +Everything + + +At least I only did 50 spreads +TL;DR – shorter DTE with higher theta burn, tighter delta strangles with more gamma risk much improved the return of TastyTrades Best Practices of 45DTE, 50% profit or 21DTE exit strategies. In fact, the TT Best Practices were a net losing strategy over 15 years of SPY data. Check data yourself or see if you can improve --- https://lookback.tastytrade.com/webapp/#/ + +First off, sorry for the length but it might be worth the read to many of you! + + +After reading the thread discussing whether taking profits at 50% was considered a good move or bad move, I decided to run a back-test using Tastytrade’s lookback WebApp (https://lookback.tastytrade.com/webapp/#/). I was curious if TastyTrade’s Best Practices were indeed “best practices” as in they had been optimized as best as possible based on historical data or if they were what many people think they are: guidelines to assist traders who may not have their own mechanical system of entering and exiting trades. I apologize about my formatting, I’ve been on Reddit for a long time and I still can’t figure out how to position things in lists properly --- they never seem to work for me, so I apologize about the wall’o’text. + + +I started with the typical TastyTrade recommendation on SPY that went back as far as I could on the WebApp, starting in January 2006 and ending in August of 2021 with the following parameters: 45DTE, 16 delta short strangles with a profit taker at either 50% unrealized profits or at 21DTE. No stop loss for the initial test. The results were actually pretty poor. Over 336 trades, it secured an 86% win rate. The average premium collected at the beginning was $218.55 with an average profit per trade of -$2.61 for an average profit per day of -$0.19. The average trade length was significantly less than 21DTE and most were closed out at 14 days from open. The maximum drawdown was quite large at -$4180. This shows that the typical TastyTrade best practices are net losers over a 15 year period on SPY. + + +I then wanted to see if a stop loss at 200% of the credit received could improve this max drawdown and perhaps turn this losing strategy into a winning one. There seems to be some back and forth that using a stop loss on short options is a bad idea and you will be stopped out far more than it is worth because most of the trades would come back as winners anyways. The same previous parameters of 16 delta, 45DTE, and exit at 50% profit or 21DTE were used. 200% stop loss was used as I have heard some discussion from others stating this is what TastyTrade suggests if you do want to use a Stop. The results show 336 trades over the same 15 year cycle with a drop in the win rate to 82%. The average premium collected was the same at $218.55, the average profit per trade increased significantly to $3.73, the average days in the trade increased to 12.6, and the average profit per day increased to $0.3. The maximum draw down also dropped a whopping 73%, down to a max loss of only $1128 vs. $4180. + + +The next test I wanted to compare spreads vs. strangles and created a short iron condor condition using the same practices; 45DTE, 16 delta short and long leg of each side was added at 5 delta, exit of the trade at 21DTE or 50% profit was also included, along with the 200% stop loss due to how much it had improved the previous results. Here, the results were worse than the Stop Loss condition using the normal TT Best Practices. 362 trades were opened with a 77% win rate. The average premium decreased approximately 24% to $167.93, however, the average profit per trade increased to $4.64 vs. just $3.73 before, while the average profit per day was virtually identical at $0.29 vs. $0.3 in the naked strangle with a stop condition. The average days in the trade increased to 15.9 and the max loss decreased a further 15%, making the largest draw down $950.55 vs. $1128 in the naked position w/ stops vs. $4180 in the naked no-stop condition. The takeaway here is not really a surprise to many of us but worth nothing anyways, if you want to reduce your risk exposure, at a detriment to premium received, then trade spreads. + + +Lastly, I wanted to see how I could improve both the naked strangles and the iron condors as best as I could and fiddled around with the settings until each was as good as it could be based on what I could come up. Below you will see those results. + +First is the short Iron Condors. Using a condition of a 90% take profit or exit at 1DTE on 15DTE trades, 16 delta shorts and 5 delta longs with no stop loss saw a marginal improvement over the 45DTE IC’s. 917 trades were opened with an identical win rate of 77%. The max loss was -$2386.5, and the average premium decreased to $112.15. The premium reduction was expected because of natural extrinsic decay. The average profit per trade increased substantially from $4.64 to $10.88, a 134% gain. The average days in the trade was less at 11.5 (no surprisingly due to the shorter DTE), and the average Profit per Day also increased substantially to $0.95 from $0.29, a 227% improvement. The max draw down was $2386.50. The average profit increase is not overly shocking considering we are taking profits at 90% vs. 50%, but it is still worthwhile to note. I next added a 200% stop loss to the same above conditions (15DTE, 16 short leg and 5 long leg, 90% take profit or exit at 1DTE). The results show 987 trades with a 72% win rate. The average premium collected dropped from $112.15 to $109.21, the average profit per trade decreased over 50% to $5.34 from $10.88. The average trade length was virtually identical at 11.1, and the profit per day also dropped 50% to $0.48 vs. $0.95. The max loss was $1137.50, almost a $1200 improvement vs. the no-stop condition. Next, I went back and applied the best parameters (90% take profit, no stop, and 1DTE exit if not 90% profit) to the 45DTE expiries to see how that would fare. The results were substantially worse. The win rate improved to 80%, but the max loss increased to -$4774.50, the average premium increased to $170.71, but the net profit per trade was -$16.43 and an average profit per day of -$0.53 and a very long trade length of ~31 days. In short, what works in shorter time frames are net losers on longer time frames. + + +Lastly, I tried to improve the naked strangles to see if I could create my own Best Practices for those who like to trade in true TT fashion. The best scenario was 30 delta short strangles, 15DTE, with a profit taker at either 50% or 6DTE. Over 886 trades the win rate was 81% with an average collected premium of $328.01. This gave you a $12.64 average gain per trade with $2.23 per day gained. The average trade length was 5.66 days and the max loss was -$3045. Adding the 200% stop loss that was successful in the long-term trades saw over 957 trades a 79% win rate, a slight reduction in average premium collected to $319.84, an average gain of $11.97 per trade, and an increase in the average daily gain of $2.29 vs. $2.23 per day. Not surprisingly, the max draw down improved 56% to only $1337.5 loss vs. $3045 loss. As I did with the IC’s I then applied the best strategy to 45DTE. This now gave us a 45DTE, 30 delta short strangle, with a 50% profit taker or exit at 21DTE (same as 15DTE to 6DTE exit percent-wise). The total was 374 trades with an 89% win rate, a max loss of -$5169, average premium collected was $474.43. The average profit per trade was paltry compared to the 15DTE of only $1.28 and only made you $0.12/day vs. $12.64 gain per trade and $2.23 per day in the best scenario. The average trade length was 10.8 days. + + +In summary, it appears that using a stop loss does not significantly impact your losses, and in fact, on longer time frames if you are going to trade in true TT fashion will turn a losing strategy into a small winning strategy. Ultimately, shorter time frame trading is best for both the spreads and the naked strangles, with 15DTE appearing to be the best on SPY over 15 years of data. The TT method did outperform the IC spreads on shorter DTE. However, margin requirements make it difficult for small accounts to trade in true TastyTrade fashion, so a trader with a small account may want to sacrifice 14% of the max possible premium to trade condors instead, avoiding the significant margin requirements needed to go naked on large-priced underlying. If you are willing to expose yourself to gamma on shorter DTE you can also greatly improve your returns per trade without significantly exposing yourself to more drawdown. In fact, the shorter DTE saw less drawdown in the same conditions than did the 45DTE, showing that it is probably worth it to expose yourself to more gamma because the price fluctuations are more predictable on the shorter time frames. Additionally, tighter strangles at 30 delta did not experience an extremely adverse drawdown or drop in win rate compared to the widely touted “safer” 45DTE, 16-delta trades. In fact, there’s an argument to be made that the shorter and tighter trades are superior and any loss experience will be wiped out much faster doing this than playing it safe. This is also shown over 15 years of data that incorporates a large market down turn in 2008 and several fluctuating bull and bear markets since. The data proves that TT Best Practices are really not ideal over this SPY data for 15 years and can be improved. + + +Please test this for yourself using the software. See if your strategy is a winning one or if you can improve on this data. I will add a note that the data is a little bit confusing as you can run the data on one day with the same parameters and then have it change a bit if you run it tomorrow with the same information. However, this should not be seen as an issue with my study but with possibly the way the LookBack Algo is interpreting the data and is a TastyWorks/TastyTrade issue, not of the data presented here. I will just say I think the TT Best Practices are best used as a guide for a trader without a system of their own, however, it can be improved upon. I think a trailing stop might be the best of everything but the software does not account for that. Happy trading. + + +EDIT: Here is a clear picture of the TastyTrade data snapshot I just ran after a commenter said I had done something wrong and they got different data. This was 45DTE, 16 delta strangles, exited at 50% or 21DTE, no stop loss. You can clearly see it is losing $2.43 per trade with an average $0.17 loss per day. Perhaps the software is messed up, but I can only report what I see based on their algo. If that is the issue, that is a problem with lookback, not my study. + + https://imgur.com/a/CwOyaok +MGM 22 / 21.50. got 25 cents. Thought gee 100% loss is max loss so it’s a set it and forget it. 95% implied v? What could go wrong + +Everything + + +At least I only did 50 spreads +**All these charts has one thing in common, they are all "Meme Stocks" from Jan. last year. As you can see, they all have a large price move up at pretty much the same time this afternoon. It has to be FTD covering. WSJ's article is just a cover up, stop dreaming about MOASS is tomorrow! Wallstreet is desperate to survive at this point, this battle is far from over. HOLD, HODL, DRS, is the only way!!** + +https://preview.redd.it/owqxumnj17a81.png?width=1474&format=png&auto=webp&s=118840f95fe44c03661c334f54c4c5930399049e + +https://preview.redd.it/dc1kpmnj17a81.png?width=1486&format=png&auto=webp&s=5a5e56211ac85e2a529fb4a2330acbf4629865b0 + +https://preview.redd.it/hnr4vnnj17a81.png?width=1382&format=png&auto=webp&s=be743e93e205732f8a8682a45f2f86daacc0f742 + +https://preview.redd.it/89ivtpnj17a81.png?width=1374&format=png&auto=webp&s=24f5a3878488b54a1ed6f679bdbd2b3775a6189d + +https://preview.redd.it/3l97epnj17a81.png?width=1354&format=png&auto=webp&s=bc5303a5a6c640d351d343ddad09d8db47408056 + +https://preview.redd.it/cqjx0rnj17a81.png?width=1418&format=png&auto=webp&s=a199409d340d3dd913dfa3e4d5f060039b283f2f + +https://preview.redd.it/iwwpzrnj17a81.png?width=1466&format=png&auto=webp&s=2d6cb45ae9fa61b7d1e315e447487daf790c3e77 +Not sure which is better...anybody with experience? + +Edit: I’m 32. I worked that job for 6 years. I thought I might go back so I left the money alone. Now I know for sure I wouldn’t go back + +Edit: thank you for the feedback and also the award! I’m indecisive so this helped a bunch...I will go through when I have time and respond more! +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? +This is a follow up post to the "[Best broker Europe megalist - Does it exist somewhere? Would you be interested in/help to create it?](https://www.reddit.com/r/eupersonalfinance/comments/dplty9/best_broker_europe_megalist_does_it_exist/)" one. + +I need some time to sort it out, and I'll post an update in the following weeks (I will have actual time then). BUT in the meantime, **it would be great and helpful to compile the most used brokers by country and even discuss their merits**. + +It has been raised in the previous thread that such a task could be very difficult as each person might have very different preferences, but I do not entirely agree with this.\[1\] + +For now, let's just post our **country**, if you invest in regular **Funds or in ETFs** and **broker/fund provider of choice**. Let's **not** discuss specific ETFs or portfolio compositions, please, as it would clutter the responses and it's out of the scope of this project. At least not in direct replies to the OP. + +I am posting my own contribution to the thread, although I am no longer residing there (Spain), as an example. As long as the info is there, the formatting doesn't matter. + +Thanks to everyone who takes time to answer. + +&#x200B; + +\[1\] I believe most of us just need a brokerage that allows us to buy some Global (Developed + Emerging) funds/ETFs once a month and that it automatically reports to the Tax Authority of our country. This is a topic +Hi, I am considering relocating to Munich, a city with very high rents and property prices. Relocation is mainly driven by career development and also to the fact that I do not really like where I live now (small boring town in Noord Brabant, The Netherlands). + +I currently have a good job on all aspects and I will easily find another job like this one, in a more senior position and paid even higher (I already have some discussions ongoing). + +I am anyhow concerned about rental/property costs. Currently I am renting a beautiful apartment and rent is pretty good. Probably in Munich I am going to pay 60%-70% more rent than here for the same type of apartment and I will most likely not buy an apartment (price per square meter is around 10k!) + +What advice would you give me? Prioritize on career and (hopefully) quality of life or on how much I can save/invest after rental/living costs? + +BTW, 30% ruling is ending soon for me: I will have a hit on my monthy salary and also have to start paying Box3 taxes. I have estimated that I will get a hit of 20k+ per year combined. + +For completeness, I have taken out of the discussion the need for my partner to find another job. Currently, she has a full time permanent position in a multinational and she is pretty happy about the role. So also this one is another aspect to consider. +This is a follow up post to the "[Best broker Europe megalist - Does it exist somewhere? Would you be interested in/help to create it?](https://www.reddit.com/r/eupersonalfinance/comments/dplty9/best_broker_europe_megalist_does_it_exist/)" one. + +I need some time to sort it out, and I'll post an update in the following weeks (I will have actual time then). BUT in the meantime, **it would be great and helpful to compile the most used brokers by country and even discuss their merits**. + +It has been raised in the previous thread that such a task could be very difficult as each person might have very different preferences, but I do not entirely agree with this.\[1\] + +For now, let's just post our **country**, if you invest in regular **Funds or in ETFs** and **broker/fund provider of choice**. Let's **not** discuss specific ETFs or portfolio compositions, please, as it would clutter the responses and it's out of the scope of this project. At least not in direct replies to the OP. + +I am posting my own contribution to the thread, although I am no longer residing there (Spain), as an example. As long as the info is there, the formatting doesn't matter. + +Thanks to everyone who takes time to answer. + +&#x200B; + +\[1\] I believe most of us just need a brokerage that allows us to buy some Global (Developed + Emerging) funds/ETFs once a month and that it automatically reports to the Tax Authority of our country. This is a topic +I wrote a little piece of code to loop over a list of securities and find the ones that are cointegrated to some extent. My knowledge of stats is limited so I did some reading. I found that I can use the Augmented Dickey–Fuller test to check for stationarity and that I should check for homoscedasticity (using the Durbin Watson test?). I also read that it doesn't matter if I use the normal prices or log prices but in some cases its better to use log. + +&#x200B; + +Some examples: + +&#x200B; + +https://preview.redd.it/484t8ps9hlw41.png?width=786&format=png&auto=webp&s=4329f616489629886451dee2e09362b5254a1104 + +&#x200B; + +https://preview.redd.it/6l6dstybhlw41.png?width=788&format=png&auto=webp&s=9983e20f38a7641f2a7624b84554809571a07c2f + +https://preview.redd.it/cv4tlmdghlw41.png?width=2010&format=png&auto=webp&s=2d2a114078683c0decfd79d99a866c6e4939d94a + +The above is an example of what I would consider a perfect pair (during this time period) + +&#x200B; + +https://preview.redd.it/02ofyj9mjlw41.png?width=794&format=png&auto=webp&s=c2b9ee4e0afa0bb82ee4efec6d62a540c20055a1 + +&#x200B; + +https://preview.redd.it/konmr54ojlw41.png?width=622&format=png&auto=webp&s=9e130ac6320b59a7179762475132451584a0a970 + +https://preview.redd.it/0cyuq2jqjlw41.png?width=2034&format=png&auto=webp&s=2d51bc41a720a8ad4d5dbf47dbace21786925338 + +I would consider this a pretty bad pair. + +&#x200B; + +My question is: how can I filter for pairs that are similar to the first example. I think I am missing a statistic/test for this. + +One of the problems that I am encountering is that the Durbin Watson test never seems to return a result greater than 0.1 (I read it should be between 1.5 and 2.5) + +Edit: I should mention my current filters are : + +ADF P Value < 0.03 + +abs(ADF test stat) > abs(ADF 1% test stat) + +Halflife > 0 + +Hedge ratio > 0 + +&#x200B; +It has been over a year now since I quit my job. It feels like an eternity ago. + +At first it was very difficult emotionally. Work provided me structure and purpose. It took me a few months to figure out what my new path in life will be. + +Socially it has been difficult too. Few people my age have the freedom that I do. Most people are bogged down with commitments and responsibilities. I found it hard to integrate into society because I felt so different. + +A common first reaction of telling people I'm retired is that they actually think I'm on a sabbatical. Others think I'm lying. Some think I got lucky or am a lot richer than I am. + +I've learned to navigate the social aspects better. What has helped is finding projects of my own to work on. I no longer tell people I'm retired. When people ask I will usually say I'm financially independent, then talk about the projects I am working on. + +One of the most difficult decisions I've been facing is where to live. The only thing that tied me to my former city was my job. With that gone I have no more ties to a single location. Having the freedom to live anywhere in the world has resulted in decision fatigue. + +Ultimately I don't think I want to live in any one place. I want to establish homes in multiple locations. I want to continue traveling the world. It is simply too difficult of a decision to make of where to live when I haven't been everywhere yet. + +I thought when I retired I would not be worried about money. But that ambition inside of me never died. I always want more. I get a thrill from making money. + +There was a brief moment when I considered going back into the workforce (a.k.a. getting a job). I thought it might be nice to have structure, to be told what to do, to be part of something bigger. Ultimately that moment did not last long (it actually died when I was interviewed and I remembered what bullshit corporate culture is). I forfeited my work rights, so getting a job there would incredibly difficult if I ever did want to do so. I can't see myself wanting to be employed again. + +I've set out new endeavors where I can continue to work on increasingly growing projects. It keeps me intellectually stimulated. It provides structure and purpose. Frankly, it just gives me something to do, a reason to wake up. + +Boredom is one thing I've suffered from a lot over the past year. Having so much time to fill up has actually been challenging. Often I simply just don't know what to do with my time. I feel that I waste a lot of time because I can afford to. + +I don't think not having a job has made me any happier. It's just a different state of existence now. I feel a lot more free. I don't give in to anyone. This is my new normal. +I am a small town barber and for the first time ever, I accepted crypto (LTC) for payment on a haircut! A client and I were chatting about crypto during his cut and I decided to ask if he wanted to pay in crypto for his service. He smiled wide and said “hell yeah!” +It’s not much but it feels like a part of the future here in a very small town. Might start to advertise that I will accept crypto as payment soon enough. It was both of our first times ever using crypto in a real world setting and it was seamless. Thank you for reading. +Just want to share one of the most inspiring and enlightening interviews on investing with warren buffet. +Must watch + +Good luck everybody! + +https://www.youtube.com/watch?v=u4iEjHrecx4 +Let’s be honest, with todays interest rates it’s unlikely to find a property that will cash flow. I’m just hoping rent will cancel out mortgage/property tax. Does it make sense to invest for appreciation right now hope I can refinance down the road? +Our son has been referred to be tested for potential autism. Unfortunately even though we are insured privately (Europe) we got an appointment that is scheduled for in 12 months. + +Now I feel terrible for all the children and parents that have to wait that long to be seen by a doctor. I still want the best outcome for my family so we are considering to fly to the US to get our son checked out in the next three months (instead of 12). +Does anybody have recommendations of where we should start looking for qualified doctors and hospitals? Or is the Mayo Clinic our safest bet? + +We are happy to throw money at this "problem", but it hasn't gotten us far in our European country. My husband is convinced that it should be far easier in the US. Is it even possible to get appointments in the US in a timely manner? + +EDIT: Thank you for all your tips, suggestions and sharing your own experiences. They were all very helpful to read through! +Posting in fatFIRE because I think this community will have a fair number of people who explored similar options and this is a path that may be available to some to fatFIRE. + +Situation: I've got a good chunk of stock in a private startup that's doing very well. As nothing is guaranteed in life, I'd like to liquidate \~10% of it to avoid loosing all of its value in a downside scenario. This would be a life-changing increase in my liquid net worth and would leave plenty on the table to continue to motivate me to make the company a success. + +Problem: Executive leadership is very principled and is not allowing secondary sales. The company has fairly standard startup legal terms around the company's right of first refusal and what not. + +Research: I've done a lot of looking around on the internet on this topic. I'm aware of the variety of services that will facilitate secondary sales. But, true secondaries will need to go through executive leadership and are thus a non-starter. I've found non-recourse loans and pre-paid variable forward contracts may be options for me getting liquidity without company involvement. But, there's very little for details out there on these. For good explanations, see [here](https://www.forbes.com/sites/brucebrumberg/2021/09/20/financing-stock-option-exercises-in-private-companies-insights-from-a-top-financial-advisor/?sh=28d5d8502446) and [here](https://www.gsb.stanford.edu/faculty-research/publications/stock-option-financing-pre-ipo-companies). Within fatFIRE, I've found somewhat relevant information [here](https://www.reddit.com/r/fatFIRE/comments/lmb26v/nonrecourse_loan_to_early_exercise_my_options/), [here](https://www.reddit.com/r/fatFIRE/comments/lks52c/28m_in_equity_let_the_anxiety_begin/), [here](https://www.reddit.com/r/fatFIRE/comments/p2eiob/financing_options_for_isos_secfi/), [here](https://www.reddit.com/r/fatFIRE/comments/meq91p/financing_stock_option_exercise/), [here](https://www.reddit.com/r/fatFIRE/comments/q67vat/does_anyone_have_experience_purchasing_securities/), among others. + +**Request: Is there anyone out there that has had a similar experience and is willing to talk about it?** + +For completeness and to help others with similar questions, here's a list of companies I've found that could potentially facilitate pre-IPO liquidity (I've not yet contacted any of them and I'm not affiliated with any of them): + +Forge [https://forgeglobal.com/](https://forgeglobal.com/) + +ESO Fund [https://www.esofund.com/](https://www.esofund.com/) + +Liquid Stock [https://liquidstock.com/](https://liquidstock.com/) + +Quid [https://www.getquid.com/](https://www.getquid.com/) + +SecFi [https://www.secfi.com/](https://www.secfi.com/) + +Section Partners [https://www.sectionpartners.com/](https://www.sectionpartners.com/) + +ECP [https://www.employeecapitalpartners.com/](https://www.employeecapitalpartners.com/) + +EquityBee [https://equitybee.com/](https://equitybee.com/) + +Microventures [https://microventures.com/](https://microventures.com/) + +EquityZen [https://equityzen.com/](https://equityzen.com/) + +Vested [https://vested.co/](https://vested.co/) + +White Horse Liquidity [https://whitehorseliquidity.com/](https://whitehorseliquidity.com/) + +137 Ventures [https://137ventures.com/](https://137ventures.com/) +One of my biggest pushes for FIRE is to one day, not care about saving anymore. I don't mind work, and I'm not miserably frugal either. But one day, I would like to buy the things that are luxuries, that don't necessarily add to my happiness today, but would be a "nice to have". + +It can be anything, a tesla, donating to community foundations, organizing events etc. For example, one of my hobbies is gaming, and the game I play is not necessarily big, but organizing $1k events for streamers to create my own catered event etc. Not necessarily material things. + +Is anybody else like this? I just want to be able to spend without caring, but also understand the importance of saving now. +My nephew told me about this reddit the other day and couldn't believe it. Read through a lot of it last night, you guys are fucking crazy but I love it. It's easy for any professional trader to say that you guys are idiots but I respect what you do, so no hate on my end. Trading is calculated gambling at the end of the day anyway. Compared to you guys, I'm basically a boring stock trader but damn good at it. AAPL is my baby. + +I'm a swing trader on the 15min chart and 5min, just depends on the price action. I obviously don't win every trade but I shoot for large profits held over 1-3 days so losses don't matter. Willing to help any newbs sometimes and show you what my targets are on certain days when I see good bets. + +Current: + +For anyone that messaged me in chat, reddit clears out chats that are too far down on the list so if you don't hear from me in the next day or 2 then I've lost you! Send me a DM rather than a chat request to carry on our convo. +What percentage? +Do you have separate accounts as well? + +Anyone can contribute their thoughts btw. + +Edit stealing u/WizziesFirstRule question: [What's your reasoning for not having a joint account with pooled money?](https://www.reddit.com/r/AusFinance/comments/wjngdk/how_many_of_you_have_joint_finances/ijiut0b?utm_medium=android_app&utm_source=share&context=3) +After every Ethereum price dip non-believers and crypto haters say it is a “correction of price”because the asset is “overvalued”. This is simply not true. In general, after any technology innovation there is a counter force to maintain the status quo. The same thing happened with the internet... and look where we are now. This pessimism is the byproduct of a fear of decentralization and a fear of change. + +Ethereum is the internet of the future. It tends to follow Bitcoin price but it is a completely different animal. Imagine if you could own a part of the internet in 2001 after the dot-com crash... In retrospect it is obvious that, if possible, it would have been one of the best investments of all time. We are in a very similar moment today. But this time around you can actually own it — ETH. + +ETH is extremely undervalued. We are just scratching the service on adoption. The transition to Ethereum 2.0 just started, it is a major technological improvement on the blockchain, but such value hasn’t yet been reflected on its price... this means it is a great time to buy ETH, which is predicted to hit a 5-digit USD value this year alone. + +Don’t buy the dip for the dip’s sake. Buy ETH because it is the future and you want to be part of it. Ethereum believers are not traders, we are value investors, when we buy we hold, because we know what’s coming... 🚀 Do not go gentle. + + +[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 get it: you want Moons. It’s basically free money for shitposting. I know that even back in 2015 this sub had its fair share of memes and shitposts, but now even the daily is full of wannabe e-comedians. I know, 69 is a funny number. And yes, this is a Wendy’s. And even I choose that guy’s dead wife, but it really, *really* gets old fast. + +So why don’t we start by just chuckling at funny posts or even replying with ‘haha’ without upvoting them. We have the power to upvote and reward interesting discussions, well written DD and real crypto news instead of memes, monologues and more memes. + +Let’s welcome new investors with knowledge, information and discussions that actually improve the cryptosphere. Because in the end, we all want to moon together. 🚀🌖 + +**Edit: will donate moons and awards to people who actually contribute to this post by engaging in the discussion.** + +**Edit 2: for the people giving me awards: you're missing the point. But I guess you're doing that on purpose. Please don't do that. Buy crypto instead.** + +**Edit 3: /u/Nikeou, I have are a very particular set of skills; skills I have acquired over a very long career. Skills that make me a nightmare for people like you. You and everyone else will now stop giving me awards and that'll be the end of it. I will not look for you, I will not pursue you. But if you don't, I will look for you, I will find you, and I will kiss you.** +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/) +This is a little uncomfortable to bring up, but if you visit their website, it's inescapable. GameStop focuses primarily on video games, computer gaming and guys. + +I’m a lady who likes board games with friends, fantasy geekery, art, clothing, quality artisan things, and supporting independent artists. I go to cons and do cosplay competitions. Manual, in-person things are my jam. I did play WoW for a bit, but that's the extent of my digital gaming experience. I really WANT to support GameStop, but nothing on the website is even tangentially targeted towards me. + +Example 1: Clothing + +I mention this first because it's what made me realize "oh... I'm not sure if this store even wants me in it." It's not the key issue, but it's unavoidable, and it makes me feel left out. Do any other women feel this way? + +[Men's clothing: 2199 items, 1701 T-shirts](https://www.gamestop.com/clothing/mens) + +[Women's clothing: 449 items; 46 T-shirts](https://www.gamestop.com/clothing/womens) + +1701 to 46. + +I would LOVE to buy, say, a women's long-sleeved XS MoonCat T-shirt, but I couldn't even find that design in the women's section. [They're only available in the men's section, with men's sizing](https://www.gamestop.com/clothing/mens/clothing/tops-shirts/products/mooncat-t-shirt/11106326.html). I'm in my 30s and trying to declutter the bullshit I acquired in my 20s; shapeless T-shirts that aren't made for my body and don't make me look good will not end up in my home no matter how much I like the graphic. I really, really *want* to buy it, but this product was not designed for me. + +Example 2: Board games + +I'm not sure who's in charge of choosing the board games currently for sale, but that section is a travesty. None of the top-rated games on boardgamegeek are available. Dominion, Lords of Waterdeep, Castles of Mad King Ludwig, Exploding Kittens, Splendor, Roll for the Galaxy, Pandemic, Azul, 7 Wonders, Codenames, Trogdor, even Cards Against Humanity. Definitely none of the less-well-known ones. I do see two non-standard versions of Settlers of Catan, but they're both sold out. + +Why? Board games have been enjoying a lucrative and creative renaissance for quite awhile now. + +Example 3: Dice + +Do you have any idea how many gorgeous sets of DND dice can be found at cons and online? [GameStop doesn't. They offer 2 sets, plus one set of 2 d20s, which is sold out.](https://www.gamestop.com/search/?q=dice&lang=default) + +Example 4: Art + +[Yes, I'm a super judgy butthole, but, to be honest, to me, everything offered just looks like... cheap, mass-produced corporate advertising.](https://www.gamestop.com/toys-collectibles/lifestyle/wall-art) I really don't want to buy mass-produced ads to put on my walls. I'm a fan of the *worlds* these stories take place in, you know? Not the branding. I wanna hang out in Diagon Alley, not in front of the movie poster. + +Example 5: Furnishings + +Gaming chairs, console stands, computer desks? Absolutely. Tabletop gaming tables? Nowhere. + +**PROPOSITION:** + +People like me have disposable income and care about (a) filling their lives with pretty, geeky things that aren't cheap crap, and (b) supporting independent, local artists and artisans. + +Independent artists and artisans have a very hard time getting their products under the noses of as many people as possible, because you can't focus on advertising, distribution and craftsmanship and do all of those very well, unless you're a business with multiple employees. You can't get there without clients. It's a chicken-and-egg problem, and a lot of artists make miserable money. This sucks for them, and it sucks for anyone who would love to buy from them if only they had the opportunity. + +So. + +What if GameStop opened an arts and artisan program at, say, five or six flagship stores in cities that already have a bustling art and/or convention scene? San Diego, Austin, NYC, Atlanta, Chicago, etc.? + +Forget the Zelda posters. What if you could go into one of these stores and buy archival-quality prints by [Charles Urbach](https://www.etsy.com/shop/CharlesUrbachArt ), whose art you'll see on Magic: The Gathering cards? What if you could fall in love with a breathtaking set of [Necromancer Dice](https://www.artisandice.com/product-category/necromancers-dice/), or [Ent's Dice](https://www.artisandice.com/order/banksia-d20s-with-turquoise-inlay/)? What if you could compare reviews across a few different makers of high-end tabletop gaming tables, and know that GameStop's outstanding customer service team would guarantee their availability + delivery? Hell, what if you could buy cosplay prints from your favorite cosplayers, possibly even at a signing event? Gorgeous dice towers, beautiful metal coins to replace your favorite board game's crap cardboard ones? Handmade fabric or leather dice bags? Hand-bound leather journals for scorekeeping, notes, character sheets...? What if GameStop sponsored an annual Kickstarter-esque competition for a new, GameStop-exclusive board game they'd produce? (Don't get me started. I can go all day.) + +*What if you could trade in your old board games??* + +One of my friends is a successful corporate VP. He and his family LOVE inviting people over for board game nights. His entire basement is dedicated to board games, and he'd love to decorate his space, but hasn't got time to trawl the Internet trying to piece together furniture, art, accessories, etc. So he's just got a long table and lots of IKEA bookcases to hold his games, because that was easy. + +My friends and I do a getaway 4-day weekend every year during which we rent a 10-person house and bring every board game we own. We're a weird mix of corporate tech people, teachers, marketing professionals and artists. Totally disparate lives and incomes, but all of us will happily splurge on board games and gorgeous accessories that we can bring to the weekend. + +We're all emerging from a hell of a year. Getting to hang out with people again is *amazing*. My close friends and I are starting up a regular DnD group for the first time. We've missed out on all the cons, and many won't be back this year, either. Those cons are the only places I can find any of these things together under one roof, and VERY few cities have more than one a year. + +Wouldn't it be something if we could support both GameStop and local, independent artists? If we could support people who are just as geeky as we are, not cheap, outsourced mass-production factories? If gamers who like playing with other gamers in person could pour money into their hobby at GameStop? + +And not least, what if, uh, GameStop expanded its perception of its customer base just a wee bit, and made sure their product range didn't treat women as afterthoughts? + +Because ngl, I still really want that women's long-sleeved MoonCat shirt. + +Honestly, what do y'all think about this? + +I would genuinely love to pitch this idea to GameStop directly, and if they liked it I would freakin' kill for the chance to work with them and help make it a reality. But I also recognize that I definitely don't have the perspective of people who ARE totally aligned with what the company is currently doing. People like you. + +So I'm asking y'all. Good idea? Bad idea? Worth taking further?d +[https://www.thestreet.com/investing/tesla-trading-at-650-gets-90-price-target-from-jp-morgan](https://www.thestreet.com/investing/tesla-trading-at-650-gets-90-price-target-from-jp-morgan) + +&#x200B; + +> +JPMorgan analyst Ryan Brinkman has told clients not to increase their holdings in Tesla to approximate its weight in the S&P 500 ahead of its inclusion to the benchmark on December 21. +This is a big situation. Could really effect prop firms and others that use these platforms as well. Makes me wonder, when are other platforms going to be available? This situation should really spark some interest in developing new platforms if it hadn’t started already. The trading business has changed drastically with technology. From the floors to computers, and to many, from computers to phones. Personally for me, I use my laptop for charting and my phone for executions and trade management. What do you guys think will happen? Let’s discuss this and hear what others think will happen or what’s to come out of this. +2nd day of what did Russia ask China for/to do? + +Given the level of shrill "u better not" messages coming out of western media, I'm starting to wonder. + +Dogs will bark before they bite. + +I'm at a loss as to a major currency that is not aligned. Swiss frank? +This goes out to my apes who posted/commented earlier about various health issues like ms, and how they hold for hopes they'll be able to retire while still able to move on their own or even just to make living with their conditions slightly more bearable. + +I don't care what your thoughts are on vaping, but for me it was/is bad. The time, money, and mental I have spent on this stuff is unreal. I was already quitting for myself, but it is really helpful and humbling to be reminded that I am so fortunate to have the ability to face and fix my issues, while some have to fight so hard just to have even close to the things I take for granted. + +I'd been planning to quit for a while and post a pic of me throwing out my stuff, buuuuut I threw it all out 4 days ago! And while I still plan to invest in GME in larger chunks in my semi-regular schedule, I now get a "free" 2 shares/week (at current prices), that I can pick up without a care in the world, because those $50 weren't gonna do me any better how I was spending them before. + +Not to get too repetitive, but I would like to say that I am so constantly humbled by and in awe of some of the people that make up this community. Sometimes you/we can get a little silly, but I have seen some of the most intelligent, hard-working, determined, resilient people throughout this group, and I'm so glad you are all here. Stay strong and know that there are always people out there that care for you and want to help. +Was entering a CSP but accidentally bought to open executed @ .78. Quickly realized my fat finger mistake and went to sell to close executed @ .84. + +Realized maybe this is what folks meant by scalping. Pretty sure I made $45 by mistake. If one could do this 10x a day that would add up. + +(Not sure on flairs it’s only providing this one choice??) +Looking at a house currently that splits streets with an awful school district and area. Not the immediate area, but progressively gets worse as you go down. + +But luckily the side of the street it is on is a good school district. So my thought is maybe people would pay more just for the school. But my concern is the area is so close to the (start of) bad location it may not catch the 'school district' wave + +Is this a pro or am I over thinking it? +I recently inherited 1/4 of my childhood home and would like some advice on my situation. + + + +The property is equally split among 4 of us, and 2 owners prefer to sell, while the other 2 (including myself) would like to explore the option of renting it out. With 50% ownership between the 2 of us, we will need to buy out the other 2 owners but I am not sure how that process works from a legal/financial standpoint. + + + +The house is worth about $100k, but we really don't know what kind of repairs might be needed beyond a few obvious issues. I am assuming that some kind of inspection or appraisal would be the next step in evaluating the condition of the house so we can start to figure out the true value and work out the finances. + + + +What would you do if you were in my situation? The relationship between the 4 of us is pretty good so as long everyone feels they are treated fairly (and I understand that may be a big if) I think we can figure out a plan that works for everyone but I'm not quite sure how to even get started. Can anyone help??? + + + +Thank you!! +The bill would increase the annual amount of money that individuals and families can contribute to their HSAs. The new contribution limits for individuals would be $6,550, and $13,100 for families. (The current limit is $3,400 for individuals, and $6,750 for families). The bill would also lower the tax penalty for people who use money from their HSAs to pay for non-medical expenses. The penalty would be 10 percent, down from the current level of 20 percent. The changes to the HSA contribution limits and the tax penalty would take effect in 2018. + +If this bill passes, will this change your FIRE approach? +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! + +Think the idea mentioned in this previous thread https://www.reddit.com/r/UKPersonalFinance/comments/r1bks6/time_for_a_second_chart_salary_brackets_and_what/ is a cracking one. + +I've had a crack at putting something (very) rudimentary up, literally 45 minutes worth of work, but would love to get feedback and/or (ideally) direct fixes/additions/contributions as pull requests to https://github.com/mzjp2/uk-income-brackets. + +Site here: https://uk-income.zainp.com +Editing to add: DISCLAIMER: DO NOT DO THIS. I have been in Bitcoin for 7 years, I 100% understand the risks involved. I am well aware of all of the fees and tax ramifications. I am in a position where I can do this and not be in financial trouble even if Bitcoin goes to zero. Never invest what you can't afford to lose. + +I requested the 401k closure on Monday. I waited 4 days to get the check, receiving it yesterday. Today, I went to deposit it. I checked the bank hours, left my house, drove to the bank in the rain, went in and asked the nice lady at the counter to deposit a check. + +After verifying ID, confirming everything, and handing over the check, they told me that since it is over $5k, they will be holding the check, and the full amount will not be available until the 13th, in 10 days. I asked them if there's any way they can speed this up by calling the 401k company to verify it... they said they could, but the bank policy is still to hold it for that amount of time. + +2 weeks to perform one transaction with *my own money*. If this was with Bitcoin, it would have been instant, and I wouldn't have had to leave my house. + +Regardless of the price action of Bitcoin, it's just *better money*. Traditional banking belongs in the past. It's slow, it's subject to the whims of the bank, and they have the control. On the 13th, that value will leave the bank and will be put on the Bitcoin network, where I own it, control it, and am free to do what I want with it. 👍 +I was reading [this](http://rpgplanner.com/529-plan-opportunity/) blog post that states that high income earners should not be worried about over funding 529 accounts as the tax-deferred growth for multiple years outweighs the withdrawal penalties and income taxes you have on non-qualified withdrawals. I briefly looked at the math and thought about it and it seems sounds -- I want to dig more into it myself but was wondering if anyone has any thoughts or is doing similar for themselves? +My expenses has grown over time, but I haven't gone the same pace as my income or portfolio. I relate with a few other members of this sub like u/fatfiredprogrammer where I'm happy with my consumption and not chasing after luxuries. + +That said, I do believe there's sentimental value in celebrating a milestone. I've seen it with people buying a special gift for themselves for life milestones like getting married, having a kid, promotions, a successful business exit, etc. For FatFire, there's the added benefit that one can really buy something unique and special to mark an occasion. + +My main hobby has always been cars, but it's funny now that I can afford luxurious or exotic vehicles, I lust after the shitboxes I loved when I didn't have the means. When I hit FI, I went out and bought a Honda CRX (late 80's civic) because that's what I really wanted when I was in high school. When I quit last May, I got a Jeep so the whole family can fit (CRX is a 2 seater). I'm never getting rid of my CRX because it's a fun car, but also because it marks a financial milestone. I've bought and will continue to buy much more expensive cars because I'm fortunate enough to be able to, but I don't think anything else will be as special. Makes me wonder if I should've dreamt bigger as a kid and had the Countach or F40 poster on the wall. + +I've started getting into watches, but because it's a hobby after fatfire, I don't feel like it'll ever mark a financial milestone. I've been satisfied with learning about them and even building a small game around it. Maybe it'll mark a life milestone some day, and thankfully it takes less storage than a car. + +What watch/car/experience/thing did you buy to celebrate your milestone? What's the story? Did you celebrate FatFire specifically or earlier milestones? + + +Throw away account. + +We have always heard the clichés about the grass is always greener, sour grapes etc. I wonder where the redditors in this group stack up. How many of you feel jealousy and feel like they don’t have enough? Or see peers getting promoted and feel slighted? + +Or are you zen, happy with what you have achieved and comfortable in your own skin? + +I am starting this discussion, because I went through a lot of soul searching last year, where I answered a lot of those questions for myself. I had the opportunity to accept a high risk/high reward job with a better title. After a lot of thought, I turned it down. I realized that while it could accelerate my FIRE, it would meaningfully detract from my current quality of life. + +I also realized that I don’t really care about impressing people with my title or money. I make very good money, and if I am in my current job for 5 more years, I will be able to satisfy most of my financial goals. My inner competitiveness still comes through, as I strive to always do everything perfectly at work and put pressure on me that way. I still want to do better job than my peers. But I am less concerned about promotions etc. Earlier in my career, I beat out a lot of people and that proved to myself that I am probably among the top echelon of skills, which gave me inner peace. I am never in a room and feel like that the other person is better than me because of title or money. + +Every now and then I read about somebody my age getting promoted to some impressive sounding position, and there is a pang of “sigh, I wish that was me”, especially since I KNOW they are not better than me. But that evaporates pretty quickly. I have realized that luck, right place/right time, who you know, are just as much of a determinant of advancing, if not more. So I don’t really get bothered by it. + +So as such, if I am in my current job for another 5-10 years without getting a new title, I will be pretty content. It is interesting, I have autonomy and I like my co-workers. I have realized that the things outside of work are what truly define me and I just don’t feel like playing the politics or do the job hopping required to advance further. + +Anyway, what are your thoughts on all of this? If zen, how did you get there? +For tonight's DD, I want to talk about October 13, 2021 and the days surrounding it, as well as what happened since. On or around this day was the day that broke the meme basket and sent 2022 into a heavy downwards spiral for most of the meme stocks, but surprisingly enough, not GME + +&#x200B; + +https://preview.redd.it/ajmbxb5b5hs91.png?width=1009&format=png&auto=webp&s=983ea5a62f85a1221600c20870c3f02553318961 + +Pretty normal enough, right? This doesn't have any significance whatsoever... right? + +Wrong. + +&#x200B; + +Up until 10/13/2021, if you asked me at 9:31est each morning what direction and magnitude GME would move for the day, I would be able to accurately tell you 90% of the time. + +&#x200B; + +I am not a visionary and do not have access to any of the information you don't have, but there is a silly thing in the stock market that appears to be in these types of 'swap baskets' that I will call an anchor. This anchor is a stock with very low liquidity, which can be easily manipulated in Pre-market and throughout the day to give tells on what the other similar stocks will do for that given day. + +&#x200B; + +Let me show you an example of our anchor... + +&#x200B; + +https://preview.redd.it/8fh3ggxj6hs91.png?width=1239&format=png&auto=webp&s=d137342ae344c86fa59d98861a58e4a64a46e182 + +This stock is extremely illiquid and has been a part of the 'meme' basket since the beginning, even though there is almost 0 trading on it. Up until the Jan 2021 sneeze, I would have been able to estimate the closing price each in the morning relatively confidently. The overall correlation in price between these two stocks from 2015 through Jan 2021 was .947. This is incredibly high correlation and has been going on for years. Know what the correlation factor is from the sneeze through today??? .947. + +&#x200B; + +This doesn't let me know the closing price at 9:31am though... + +&#x200B; + +The method on how I could do this is by looking at the difference between open and close from the previous day. If the stock opens at a higher price than it closed the previous day, the closing price would be less than the opening price. If the opening price is lower than the previous close, the price would close higher than open. This also kept a similar magnitude of movement. If the price was something like +10% at open, you would know that it would be a blood red day for the meme basket. + +&#x200B; + +Let me show you an example of the day vs night trends for this stock. + +&#x200B; + +https://preview.redd.it/w2x0910v7hs91.png?width=1284&format=png&auto=webp&s=4737708c65ca9729b5fb8969241e8ee9ba54c0f9 + +As you can see, the nighttime and daytime movements for this stock very closely mirror each other. The two prices have a correlation of -.7 (strong negative correlation) + +&#x200B; + +Here is the day/night trends since the sneeze: + +&#x200B; + +https://preview.redd.it/u5h84yejahs91.png?width=1285&format=png&auto=webp&s=2721a2edee118d45bf5f109236a0de299bbec915 + +As you can see, the jan 2021 sneeze broke the trend for this stock + +&#x200B; + +Next chart: + +https://preview.redd.it/u2qrq5elbhs91.png?width=1291&format=png&auto=webp&s=8e78880b965ce4eafdadc441edc67f18239e7f67 + +Here is the price of this stock vs the towel stock. As you can see, something weird happens around that timeframe. There is an insane volume spike of roughly 3x the entire 4.2 million share float, and towel stock makes a very strange dip straddling that insane volume spike. + +&#x200B; + +Let's see what happens to the other meme stock in the basket? + +&#x200B; + +https://preview.redd.it/9h1nqra1chs91.png?width=1341&format=png&auto=webp&s=dbc44520815ad89e1acce58604551c617ec712d6 + +Last night, I did the math on what a dilution trendline would look for this stock if the dilution was done in the form of naked shorts. You can check my post history to look at that if you want... but I basically said that in Jan 2021, the 400 million share offering completely closed all naked shorts in the system, then the stock was steadily diluted at a rate of 7.5% until october/november of last year. After that point, BAM! 30%-50% of every single share traded is a naked short to the tune of 5 billion naked shorts in less than a year. This inversion happens exactly when the headphone and towel stock make their extremely weird spike and valley. + +&#x200B; + +Now what happened to GME? + +https://preview.redd.it/b9fe6aiedhs91.png?width=1099&format=png&auto=webp&s=510f9f4cf262eec8197b6a50b80607ec5d193f0a + +The wedge broke. + +We have since been looking at "critical margin lines" and other technical data, but it looks like the towel and headphone stock incident broke whatever trends that were going on and caused the entire basket to start falling within days. I believe the reason GME is falling less is because DRS is propping the hell out of the price, while all dark pool shares are being diluted to a tune of 30%-50% total volume just like the other stocks. + +&#x200B; + +My question to the sub is: wtf happened here?? Do we have some fundamental event that would cause this? + +I do have one more interesting point to leave off with: + +&#x200B; + +https://preview.redd.it/7f75be5aehs91.png?width=1279&format=png&auto=webp&s=efbf7d6c0f39a7ea144e750e208ebf51a8b1a71e + +&#x200B; + +Starting somewhere in Late May 2022, headphones stock RESTORED the inverted night/day relationship! I have recently been tracking the relationship and it seems to be fully restored. Better yet, the two stocks still track each other to a correlation of >.90! + +&#x200B; + +The price spike in June only happened with GME and that was the same date that the inversion link with headphones was restored. + +&#x200B; + +https://preview.redd.it/vmw11kn9ghs91.png?width=1201&format=png&auto=webp&s=45226d980c81fdbbe6ec4cfa306578fd1974e554 + +I tracked the price this week on towel stock and it went 5 for 5 on guessing the closing price of itself and GME. Obviously the sample size was not large enough to be significant, but it is definitely something I will continue to track. + +&#x200B; + +As always, please tear apart my theory and let me know your thoughts. + +&#x200B; + +TL;DRS - Headphone stock appears to be an anchor for GME and can potentially be used to predict future price movements. + +Edit: I really want to know what the overnight futures contracts look like among all the basket stocks. When futures for one stock go wild, the entire basket responds as well. If this stock is linked to the collective futures contracts, it is likely a leading indicator. + +Edit 2: I do not believe this stock controls gme. Since it has no options, we can get a window into the overnight futures movements since it shares the same basket with gme. + +Edit 3: Eratic_Knight247 solved this RC tweet +https://imgur.com/a/MKEfFgd +These puts were purchased to suppress the last run we had in march and will expire on Friday. These puts saw a huge spike in price on Wednesday just before the run in Thursday and do not believe to be a cohencidence. + + + The next date with significant puts is June 17th and are heavy as hell with 22k puts @$70 and 37k puts @$65. + +I think these are key to when we will see movement. Any disruption to these puts would cause significant losses and are being used to keep GME down. just something to keep your eyes on while we stay suppressed. + +EDIT - I WANT TO MAKE CLEAR THIS IS NOT $70 PRICE TARGET FOR GME. IT IS REFERRING TO AN ETF THAT IS USED TO MANIPULATE GME. +I am sorry that I have to make this post, but too much stuff is thrown around here that does not really hit the mark. I went to the full congressional hearing video to the precise point were we got Ken Griffins "absolutely not" answer: + +[https://www.youtube.com/watch?v=D7N4S\_FKMq4](https://www.youtube.com/watch?v=D7N4S_FKMq4) + +Question starts at: + +3:08:08 + +Question: "I understand that, but did you talk to them (Robinhood) about restricting or doing anything to prevent people from buying, not selling but buying Gamestop; anybody in your organization" + +Ken Griffin: "Let me be perfectly clear, absolutely not". + +&#x200B; + +I also got the new report. You can get the full "Game stopped" report here: + +[https://financialservices.house.gov/uploadedfiles/6.22\_hfsc\_gs.report\_hmsmeetbp.irm.nlrf.pdf](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) + +&#x200B; + +The posts I saw so far about the report only show either this section: + +https://preview.redd.it/vb18b9dfev791.png?width=1196&format=png&auto=webp&s=c2d53ce65721e4a6763f7ba2b8584ffc81bee584 + +However, this is only about that elements from Citadel and Robinhood discussed limiting payments for orderflow (PFOF) (for GME) before. So strictly speaking, this does not say that they discussed anything about limiting GME buys. + +&#x200B; + +The other section I saw that was cited is this one: + +https://preview.redd.it/1w9zpn0sev791.png?width=1189&format=png&auto=webp&s=e83c56d95fbb13b1cd65354c631d7ff4b555be87 + +Again, this only mentioned restricting PFOF. It is really important that we get this 100% right without any possible doubt. So we either: need another statement before congress from Ken griffin were he says that they did not talk about PFOF or: we need a statement that makes it absolutely clear that they talked about restricting GME buying in some way. + +&#x200B; + +Everything else WILL NOT HOLD UP IN COURT. So I ask for your help to get better excerpts from the report / time stamps from the video that absolutely, 100% and without any doubt prove that Ken Griffin actually lied under oath. Otherwise any good dodgy lawyers will always be able to find an "escape" were he, strictly speaking "not exactly lied". + +&#x200B; + +Edit: I got a badge of honor for this post: + +https://preview.redd.it/i67hhhl05w791.png?width=1093&format=png&auto=webp&s=13792a3772247ef54c1bc8acd0e0b0254cc8b164 + +Edit 2: + +A very good point was made in the comments: + +https://preview.redd.it/fz6fs9e42x791.png?width=705&format=png&auto=webp&s=861043307a69c35aa796b330bc5c259854168fb6 + +Edit 3: + +Another very good comment mentioning another statement from Ken. + +https://preview.redd.it/5jvkp6n9zz791.png?width=677&format=png&auto=webp&s=033491223026fb77d3e461c6edaa5b4b8e71e193 +I am sorry that I have to make this post, but too much stuff is thrown around here that does not really hit the mark. I went to the full congressional hearing video to the precise point were we got Ken Griffins "absolutely not" answer: + +[https://www.youtube.com/watch?v=D7N4S\_FKMq4](https://www.youtube.com/watch?v=D7N4S_FKMq4) + +Question starts at: + +3:08:08 + +Question: "I understand that, but did you talk to them (Robinhood) about restricting or doing anything to prevent people from buying, not selling but buying Gamestop; anybody in your organization" + +Ken Griffin: "Let me be perfectly clear, absolutely not". + +&#x200B; + +I also got the new report. You can get the full "Game stopped" report here: + +[https://financialservices.house.gov/uploadedfiles/6.22\_hfsc\_gs.report\_hmsmeetbp.irm.nlrf.pdf](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) + +&#x200B; + +The posts I saw so far about the report only show either this section: + +https://preview.redd.it/vb18b9dfev791.png?width=1196&format=png&auto=webp&s=c2d53ce65721e4a6763f7ba2b8584ffc81bee584 + +However, this is only about that elements from Citadel and Robinhood discussed limiting payments for orderflow (PFOF) (for GME) before. So strictly speaking, this does not say that they discussed anything about limiting GME buys. + +&#x200B; + +The other section I saw that was cited is this one: + +https://preview.redd.it/1w9zpn0sev791.png?width=1189&format=png&auto=webp&s=e83c56d95fbb13b1cd65354c631d7ff4b555be87 + +Again, this only mentioned restricting PFOF. It is really important that we get this 100% right without any possible doubt. So we either: need another statement before congress from Ken griffin were he says that they did not talk about PFOF or: we need a statement that makes it absolutely clear that they talked about restricting GME buying in some way. + +&#x200B; + +Everything else WILL NOT HOLD UP IN COURT. So I ask for your help to get better excerpts from the report / time stamps from the video that absolutely, 100% and without any doubt prove that Ken Griffin actually lied under oath. Otherwise any good dodgy lawyers will always be able to find an "escape" were he, strictly speaking "not exactly lied". + +&#x200B; + +Edit: I got a badge of honor for this post: + +https://preview.redd.it/i67hhhl05w791.png?width=1093&format=png&auto=webp&s=13792a3772247ef54c1bc8acd0e0b0254cc8b164 + +Edit 2: + +A very good point was made in the comments: + +https://preview.redd.it/fz6fs9e42x791.png?width=705&format=png&auto=webp&s=861043307a69c35aa796b330bc5c259854168fb6 + +Edit 3: + +Another very good comment mentioning another statement from Ken. + +https://preview.redd.it/5jvkp6n9zz791.png?width=677&format=png&auto=webp&s=033491223026fb77d3e461c6edaa5b4b8e71e193 +You heard that the world index will massively increase the amount of chinese stocks in it? + +This morning, Kyle Bass was on CNBC saying that the Chinese government controls its public companies, that when you buy a chinese stocks here, really, you own no part of the company. You own some kind of tracker. In the event of a bankrupcy, westerners would be left with nothing. + +I own a position in the world index through a Vangard ETF and so, this affects me and I dont’t feel one bit comfortable with the re-weighting. I don’t want a good part of my savings go to stocks that are not really stocks. + +I also certainly don’t like how the chinese government is engineering their economy. What if like Kyle Bass says, their 10% GDP money printing catches up to them in 2 years and their stock market goes down hard? Sure it may go up in the short term but they are slowing down. If you look at the long term chart of chinese market, it looks terrible. + +Here is the interview: https://www.cnbc.com/2019/03/04/kyle-bass-predicts-us-interest-rates-will-head-back-to-zero-in-2020.html + +What do you think? +Guten Morgen to this global band of Apes! 👋🦍 + +Though July 18th has passed, rest assured that as you continue to buy shares, you will receive the benefit of the split by dividend. +Anyone who owned shares as of close yesterday is entitled to the split shares directly, any shares that trade hands between now and the splividend will be accompanied by the rights to the shares. +While there was a lot of effort put into the FUD about this, I am confident that it is easily brushed aside as an attempt to reduce buy pressure for the next few days. +Clearly the SHFs know that they are in a hopeless position, and are desperate for any tactic to suppress the price. + +Yesterday's action placed GME firmly into the territory that has triggered the SHF panic mode recently, though I didn't see nearly as strong of a reaction this time. +Perhaps the value of their margin securities has also increased, enough that they still pass the test. +Perhaps they are desperate to own as many shares as possible this week, and couldn't sell to drive the price down. +Whatever the reason, there is little doubt that this continues to be an incredibly exciting week, and I cannot wait to see what happens next. + +Today is Tuesday, July 19th, 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: **$146.11 / 144,22 €** *(volume: 1007)* +- ⬜ 115 minutes in: $146.11 / 144,22 € *(volume: 1007)* +- ⬜ 110 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 105 minutes in: $146.11 / 144,22 �� *(volume: 1005)* +- ⬜ 100 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 95 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 90 minutes in: $146.11 / 144,22 € *(volume: 996)* +- ⬜ 85 minutes in: $146.11 / 144,22 € *(volume: 974)* +- ⬜ 80 minutes in: $146.11 / 144,22 € *(volume: 967)* +- ⬜ 75 minutes in: $146.11 / 144,22 € *(volume: 948)* +- ⬜ 70 minutes in: $146.11 / 144,22 € *(volume: 939)* +- ⬜ 65 minutes in: $146.11 / 144,22 € *(volume: 938)* +- 🟩 60 minutes in: $146.11 / 144,22 € *(volume: 936)* +- 🟩 55 minutes in: $144.48 / 142,61 € *(volume: 696)* +- 🟥 50 minutes in: $144.47 / 142,60 € *(volume: 640)* +- 🟥 45 minutes in: $145.47 / 143,59 € *(volume: 585)* +- 🟥 40 minutes in: $145.60 / 143,71 € *(volume: 585)* +- 🟥 35 minutes in: $146.00 / 144,12 € *(volume: 431)* +- 🟩 30 minutes in: $146.09 / 144,20 € *(volume: 408)* +- 🟥 25 minutes in: $146.05 / 144,16 € *(volume: 396)* +- 🟥 20 minutes in: $146.06 / 144,18 € *(volume: 394)* +- 🟥 15 minutes in: $146.13 / 144,24 € *(volume: 390)* +- 🟥 10 minutes in: $146.13 / 144,25 € *(volume: 381)* +- 🟥 5 minutes in: $146.39 / 144,50 € *(volume: 305)* +- 🟥 0 minutes in: $146.40 / 144,51 € *(volume: 86)* +- 🟩 US close price: $146.64 / 144,74 € *($146.32 / 144,43 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0131. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +My original post: +After many attempts to make electrum reconnect. It connected but showed only half my actual xvg balance. I was able to verify the full balance on the verge explorer but for some reason in the electrum wallet half that amount is missing. Has anyone had a similar issue and solved it? Thanks for your help. +So it was removed twice with no explanation as to why. Like id understand if they are annoyed with all the bugs in their codebase and all the posts about their poor wallets not doing their job. But once you start ignoring your people you don't deserve their following. Can anyone help with my situation? + +Update: I tried sweeping the private key onto coinomi. First i started with a smaller address that has about 20 transactions, and it worked like a charm. But then i swept the private key of my main address with about 1100 transactions (mining) and it's not going through. For now i will keep it trying to load till morning and see if it works out. +Husband and I haven't had a Christmas tree in years because we couldn't afford to spend the money. Today we were randomly browsing Lowe's and saw that they had a deal - all tabletop (3') real trees were only $3. That was already great, but we didn't have any decorations. We stopped by Goodwill, and they had 50% off all Christmas decor. We got a tube of ball ornaments, a big tinsel garland and two bows for the top for $3. All together the whole thing was $6. It may not be a big deal to some people, but we really missed feeling the holiday spirit without a tree. Just wanted to post this in case anyone was in a similar situation and could use the tip. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +the people here pumping dogshit stocks and normalizing crippling losses work for funds and insto brokers? + +has anyone ever mapped user accounts to recommendations? +Theres a guy on Twitter, goes by the handle LonghornCapital. Apparently he's a day trader who consistently makes money, consistently. A little too consistently imo. + +A graph he's posted shows his gains have gone steadily up all year like a term deposit but profits increased 500% vs the 0.8% youd get on fixed interest. He'll have a red day where he loses $500 then will make $7000 the next day. + +His posts are all "today I traded ABC and DEF and made $x" + +Is it all BS or am I a noob? +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/EKU2tVBp9u) +Haven't seen a MAY update post, so I thought I'd throw one together. Please delete if I'm being dumb. + +[My first MAY DD here.](https://www.reddit.com/r/ASX_Bets/comments/wmd0c5/may_melbana_better_than_ivz/) + +**TLDR:** + +MAY has: +$45 million cash on hand. They are ready to fund their 30% to put on production. +Unrisked estimate revised up, 362 mbbl of oil in the Alameda structure. 6.4 billion barrels is the total (risked) estimate. +Unrisked net to MAY 78.73million barrels \[(362\*0.3)\*0.725\]. This includes Sonangol and Cupet’s take. Unrisked is another way of saying this number is conservative, prior to flow tests being completed. +Zapato drilling ahead somewhere between 2880-3040m. The updated seismics suggest top of the structure at 2km, with 150m margins of error (read more in the 17 Oct release or below). + +**Here's how the market prices the Alameda barrels at different MAY share prices (all AUD):** + +8c per share = $0.31c per barrel +10c per share = $0.40c per barrel +20c per share = $0.78c per barrel +25.8c per share = $1.00 per barrel + +… you get the idea. This is before factoring in production costs (estimated at $5-20 AUD onshore in Cuba). You can just add $20 onto each of these values if you like. This is the value ascribed by the market to the UNRISKED barrels, and includes Sonangol and Cupet's take. Cupet has said they will buy at the international market price... + +If you think MAY can get these barrels out of the ground and get them to the depo 50km away, you are buying oil at 0.31c per barrel… Each share is 0.25 of barrel. + +**MAY Melbana is planning to return to Alameda**, pending the Zapato drill, to complete flow testing. This flow testing well can lead to putting on production, following issuing of relevant permits and contracts with contractors. A flow test allows the geos to model how long a well may produce for and at what rates. + +**From the Quarterly report:** “before drilling, the Alameda structure was believed to be separated from the next structure to the west - the Piedra prospect - by a faulted saddle (see Figure 1 below \[see asx release 25.10.22\]). Encountering oil in Alameda over such a large interval allowed for a revised interpretation that combined these two features.” + +**The Zapato drill** was heading down at approximately 14-18m per day on 17 October. That means we’re likely to pass 3000m by the end of the week, if not already there. As per the 17 October release, the margin for error is 150m per seismic couplet. The logging run has updated their model and they now think the formation is deeper and more interconnected (bigger) than modelled from the surface. + +The original estimate for block 9 at 13 billion barrels will be revisited and revised (up) given the new information gained from logging run during the Zapato drill. See ASX release 17 Oct. + +**Risks:** Before you get too excited and sell everything you can currently lay hands to and go all in, just remember that the market will chew this up and spit it out if Zapato is a duster, meaning an even healthier potential discount. See the previous DD for a longer list, also remember SP reacts to technical and market structure in the short term and fundamentals in the long term. A Zapato duster weakens the overall viability of block 9. + +I'm not too worried if Zapato comes up a dud, I will be looking to add significantly to my position if we miss or hit. I think the company is serious about putting on production and I see a re-rate as inevitable once the market sees a deliverable plan with corresponding timeframes. + +Position: 1m commons at 0.93c. Still accumulating. + +This is not investment advice. +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) + Looks like with the latest PLS Auction my Extreme case of $7,500/t has arrived. + + +https://preview.redd.it/7vibbhg8w0p91.png?width=1325&format=png&auto=webp&s=5ebe8e350be4252f8706e0683d3c28e83120eb30 + + + + +https://preview.redd.it/mjt6537dw0p91.png?width=1312&format=png&auto=webp&s=2a7947243bfe55414b162a0e18a7e694c67feef9 + +There seems to be an outlier: + + +https://preview.redd.it/ltuokkrjw0p91.png?width=1304&format=png&auto=webp&s=2a8fbd15353b1a13380e4207495eefe234025f39 + +If these prices are here to stay, the whole sector is going to continue to run. Goldman who? LLL's whole enterprise value is 3 months of profit... + + +https://preview.redd.it/2bitu3sbw0p91.png?width=1304&format=png&auto=webp&s=776a1d915c6d42ef09bf1a07a142e4a7911accc3 + +If only FFX wasn't weighing down the portfolio so much.... Its market cap is soon to be eclipsed by its LLL holding anyway... +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) +Bought in at 7.5 and its currently sitting at 5.5. RSI is at 40, trend is a pretty strong down. So I'm getting worried. Was this a shit investment, maybe? + +Also China is getting very cranky and restricting trade even more. AUKUS will probably make it worse. Is this the end? Time to bail? + +&#x200B; + +Or.... do I double down and hold for a month then DCA? +Are there no advantages of having a target retirement date fund over ETFs like VOO or VTI? + +I don’t understand why some people would want to invest in ETFs for their IRA money? Does it make purchasing admiral shares easier than mutual funds? + +I am a beginner at investing. Sorry if this is childish question. +I’m 32 years old, currently have my Roth IRA set up with 5 ETFs. I imagine I’ll contribute for another 30 years or so, at $6k/year available yo invest. + +Currently in: + +VOO 36% +VUG 24% +QQQ 20% +VXUS 15% +BND 5% + +Does this make sense? Any of these not worth holding, increasing, decreasing? Switching out for something else? + +Would love perspective. +In January, I decided I wanted to invest in green energies and took about 20% to a number of clean energies ETFs. Most took a big hit these past two months, but they are coming around, expect for TAN and ACES + +I was down -20% on those and told myself, well let them go up to -18 or -16% on a good day and take the money out and into my other investments. Now they are around -27% and I feel like I should not panic and let them come back, but also, I should have taken them out sooner and did what I intended. I'm not sure what to do and wanted to ask two questions (well, each one with subquestion): + +1) what would you do and why? what do you recommend? + +2) what are your opinions on clean energies ETFs. I feel they will eventually be growing faster than the average market but that also seems like it happened in late 2020. Would something like that happen again? And more importantly, what resources would you recommend for the future before making these sort of decisions? +I have about $25K cash sitting ready to invest. This is a lot of dough for me. I am hesitant to invest due to the market running so high and the fear that the correction is impending. Although the Biden admin is pointing that it is not going to happen in 2021, the way Washington functions, I feel uncomfortable. I read everywhere that time in the market is better than timing the market. + +To ease my anxiety, I had an appt with a fiduciary financial planner. We discussed my current and future investments. When I mentioned my anxiety about investing in the current climate, he suggested me to invest if the ETF's current price is less than 1.05X of the lowest price in the last month. That is the best and easiest matrix I can follow to decide whether or not to invest in a certain ETF, and sleep peacefully. + + +For e.g. ICLN, the lowest price in the last 25 days is $27.65. According to him if the current market price is less than $29.03 (27.65\*1.05), I should go for it. I have set a limiting buy order at $25 and he thinks I am aiming for too low and there is a chance that it will not go to that price in this market. + +As many financial/investment/ETF boards I frequent, I have not read this anywhere. I wonder if experienced folks have any comments about this matrix. +Hi there, + +What are your problems when it comes to ETF investing? Do you have a hard time finding necessary information, problems with the right diversification, or any others? + +I'm trying to get insights into what the ETF investors community is struggling with to get to know it better. +Hi guys and girls, + +what do you think about the approach of buying ETFs of Countries with a promising and undervalued economy? I have heard that both Russia and Poland are currently undervalued. But I am uncertain, which tool I should use. I always believed that the cape ratio was a good tool. + +For example: I consider buying an ETF on MSCI Poland. The cape ratio looks promising but yet at the same time it has been "promising" for quite a while and the polish stock market has always been somewhat stagnant (in its totality). I suppose the cape ratio alone is not good enough... + +How do you guys decide, if a certain region has a promising stock market or not? Do you think picking Country-ETFs is even a good approach? I am curious... :) + +Do you also take politics into account? For example things like Brexit, trade wars, changes in taxation and so forth.. . +[https://www.ft.com/content/d43ec8c5-0990-4781-b71f-82cb73a09610](https://www.ft.com/content/d43ec8c5-0990-4781-b71f-82cb73a09610) + +should I be woried? is it time to sell? i can still take some profit + +... + +"Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of [FT.com](https://www.ft.com/) [T&Cs](https://help.ft.com/help/legal-privacy/terms-conditions/) and [Copyright Policy](https://help.ft.com/help/legal-privacy/copyright/copyright-policy/). The combined assets of the US-domiciled iShares Global Clean Energy ETF (ICLN) and its European Ucits equivalent (INRG) have surged from $760m at the start of last year to $10.8bn following a sharp rise in inflows in the wake of President Joe Biden’s election in November and a 140 per cent rally in the underlying index during 2020. + +This has led to concentration problems, given that the two BlackRock ETFs, and 45 per cent of the total money invested in non-fossil fuel energy ETFs, track the S&P Global Clean Energy index, which has just 30 stocks." + +... + +&#x200B; + +Thanks! +Does anyone have any experience using Monzo/another challenger bank as your main bank account? If you do why? If you don't why not? + +I have recently been trying many different bank accounts through all the switching offers and the only bank account I actually like using is Natwest/RBS. The rest, in my opinion especially nationwide feel very clunky and not designed well at all. + +With that in mind I am considering switching my main banking to Monzo as I really love the interface and the "instantness" of the UI. I guess the only thing holding me back is that it is not a "proper" bank and if something were to go wrong I wouldn't have a branch to go to! + +If anyone has made a similar switch recently let me know! +Started to tell my wife about Bitcoin hitting 4k. Hands went on her hips and then out of her mouth came, do I look like I give a $h!t. Guess who is now not invited on my future yacht. +Guten Morgen to this global band of Apes! 👋🦍 + +Well Apes, last week was the most interesting in quite a while, hitting several very important beats along the way. We saw what $GME can do in only a few minutes when momentum hits just right, as well as what the SHFs can still do when their margin limits are exceeded and they need to manipulate it down quickly. We saw even more bullish NFT hints, as well as a total bust of a hype-date. We saw Apes organizing to give back. + +All of it is entertaining and exciting, but it is nothing compared to how entertaining and exciting the true start of the MOASS will be. We know that it is inevitable, and that DRS is the way to bring that day sooner. It is clear to me that this band of Apes has the diamantenhände needed to reach it. As we continue to await the MOASS, let's appreciate these days along the way and those who stand with us. You are an important part of this movement and I am proud to stand with you. + +Let's see this through. + +Today is Monday, November 8th, 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: **$212.93 / 184,85 €** *(volume: 1995)* +- 🟩 115 minutes in: $212.68 / 184,64 € *(volume: 1980)* +- 🟥 110 minutes in: $212.67 / 184,62 € *(volume: 1976)* +- 🟩 105 minutes in: $212.76 / 184,70 € *(volume: 1807)* +- 🟩 100 minutes in: $212.31 / 184,31 € *(volume: 1784)* +- 🟩 95 minutes in: $211.82 / 183,89 € *(volume: 1661)* +- 🟩 90 minutes in: $210.98 / 183,16 € *(volume: 1343)* +- 🟥 85 minutes in: $210.96 / 183,14 € *(volume: 1323)* +- 🟥 80 minutes in: $211.98 / 184,03 € *(volume: 1250)* +- 🟥 75 minutes in: $212.01 / 184,05 € *(volume: 1241)* +- 🟥 70 minutes in: $212.04 / 184,07 € *(volume: 1141)* +- 🟩 65 minutes in: $212.60 / 184,56 € *(volume: 983)* +- 🟥 60 minutes in: $212.24 / 184,25 € *(volume: 965)* +- 🟥 55 minutes in: $212.32 / 184,32 € *(volume: 961)* +- ⬜ 50 minutes in: $212.35 / 184,35 € *(volume: 890)* +- 🟥 45 minutes in: $212.35 / 184,35 € *(volume: 872)* +- 🟩 40 minutes in: $212.40 / 184,39 € *(volume: 865)* +- 🟩 35 minutes in: $212.27 / 184,28 € *(volume: 846)* +- 🟩 30 minutes in: $212.15 / 184,18 € *(volume: 812)* +- ⬜ 25 minutes in: $212.14 / 184,16 € *(volume: 724)* +- 🟩 20 minutes in: $212.14 / 184,16 € *(volume: 639)* +- 🟩 15 minutes in: $212.14 / 184,16 € *(volume: 617)* +- 🟩 10 minutes in: $212.04 / 184,07 € *(volume: 463)* +- 🟩 5 minutes in: $211.98 / 184,02 € *(volume: 395)* +- 🟥 0 minutes in: $211.94 / 183,99 € *(volume: 200)* +- 🟥 US close price: $213.25 / 185,13 € *($212.00 / 184,04 € 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 1.1519. 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! +Hello, + +I have some cash that I would need next year, so I thought I look into buying bonds. + +I found the Nederlands 7.5% 15 January 23 - NL0000102077Maturity date: 15 January 2023Coupon: 7.5%It can be bought for under 102%. + +According to the government site, it pays principal+coupon on the maturity date ([https://www.dsta.nl/onderwerpen/staatslening-kopen](https://www.dsta.nl/onderwerpen/staatslening-kopen)), which sounds too good to me. + +If I buy a 1000 EUR bond for 1020 EUR in January, I will get back 1000 EUR principal + 75 EUR coupon, which is 5% on my money or 20% YoY. + +Am I correct in this? What do I not see here? Thanks for the answers! + +&#x200B; + +**UPDATE:** Yes, as many of you said the coupon fee was charged the next day. This way the earnings are 0% at the end. At least it was a cheap lesson that I learned about bonds and the fact that this place is full of way smarter people than me regarding stocks! +Investing in ETFs for long term is really good but i am in a weird financial situation and i dont know if i personally should start. I have made another post (my only post) explaining everything , take a look if you want but in a really quick TLDR my situation is: + +Both my parents are dead , i am 20 years old , living only with my grandfather (80 years old) , i am in university , i have no debts , and i take a pension of 180 euros per month Because i have no parents and i am a uni student and i am NOT allowed to work or else i will lose the pension. The minimum wage here is 550 euros , i will finish uni in around 4-5 years. The pension will continue for 36 more months (6480 euros) and then it will stop regardless of whether i am still in uni or not. My grandpa gives me 50 euros per month which is more than enough to get by and i save all 180 euros of my pension. I rarely use some money of my savings (~200 euros per year). All my other expenses (food, home) are covered by my grandfather because i live with him. + +I have 2200 euros in my bank and 2000 euros in my broker account which is degiro. I haven't bought anything and i am thinking of taking my money back and deleting my broker account. If i will invest i will only buy VWCE. What makes me double think is that i want to move abroad permenanlty after i finish uni (4-5 years?) And i might probably have to sell my VWCE to do so i guess and it might be down at that time. Also , if my grandfather dies before i finish uni i will have to work + study and i will be in a hard financial situation because i will have expenses of like 600 euros per month. If i invest, i won't add any more money for like a year so that i have a bigger emergency fund (4500 euros). After that , i might add some of the pension money monthly. + +Considering all the above , does it even worth the hustle? If i expect an average return of ~8% per year , those 2000 (without ever adding more money) would make a profit of 750 euros in 4 years which tbh is nothing. And i also risk that the market could be down when i plan to move abroad in case i want to sell because of my moving. Even if i dont sell then and let's say i sell in 15+ years , i will be taxed in the new country (in my current country there are no taxes on VWCE) so i will have even less profit and we are talking for such low amounts of money and I don't know if its worth it. Maybe i should save all my money and dont invest until i move abroad and have a good job? I am really confused. What would you advise me? +There's a lot of talk about a recession coming. Most of us are too young to appreciate what it's like to live through one. + +What I'm interested in, is what it looked like in the lead up to the recession of the early 90s. Did the media articles look similar to what we're seeing at the moment? + +I'd also love to know what it's like and how quickly things go bad. Also what you learnt from it and how you'll weather the storm when the next one is upon us. +Anyone out there just wish they stayed in the stock market? Im asking because I have about 200k in the stock market, which can allow me to buy a decent investment property. When the stock market declines, the RE folks will be giddy, and vice versa when the market appreciates 15+%. I guess those that went belly up in '08 will have some regrets, and those that moved in at rock bottom prices will be happy. +I have the same question for those people claiming to be successful real estate investors while also publishing multiple books on it. Why chase revenue from books if you already made your fortune? There are reasons to do it but you can just as easily release books for free or near-free. +I just called Fidelity and initiated the transfer of 100 shares to CS. Still XXX at Fidelity. + +As I was doing so, the phone agent said he had some bullet points he needed to read before we could proceed. (paraphrasing) + + +• Holding shares at a transfer agent makes them harder to buy/sell and is more cumbersome/complicated than a retail broker +• Holding shares at a transfer agent does not remove them from short-sellers + +• There is no public plan for an NFT dividend, or other. + + +"I just have to read those to you. I have it all set up, I just need to hit 'Enter'. Would you still like to go thru with the transfer?" + +"Go ahead pull that trigger. Do it." + +~~~~ + +I think Fidelity is CYA with these NFA disclosures, essentially. + +Could be nothin', but I found it amusing. + +💎🙌🦍🚀🌕 + +Edit: based on comments, it looks like this rolled out at lunch time today! +Good evening everybody, hope you've had a nice weekend! + +**The Background** I've had the good fortune of starting my first real, full-time job out of college. I'm making just under $49K per year, and over the next 4 years that'll progressively rise to around $115K. + +I'm trying my best to start off running: I'm living at home for the next 3 years or so, maxing out a Roth IRA, putting money into my 401K (5% + 5% matched), and I've set up an Ally account to automatically take about 50% of my remaining paycheck for my emergency & investing funds. + +**The problem** I live in a pretty wealthy area; when half the cars on the road and in my office parking lot are Audis and Teslas and BMWs, it's not long before I start to dream beyond my Toyota Camry. Or I start to think about fun weekend trips to do with my girlfriend, when the trips start turning into thoughts of big vacations. Et cetera, et cetera... + +**The question** How have you gotten into the FIRE mentality? What habits or activities have you implemented, and how effective would you say they've been? And how do you manage expectations that come with a growing salary? + +Thanks! +The DD is out there and the thesis for the MOASS grows stronger every day that passes. GME has become a very solid and calculated investment for all of us. It costs us nothing to keep holding and the the potential returns are like nothing no one has ever seen. Why in the world would any smart sane person sell? Why in the world would we stop buying? They are completely fucked and it is complete madness to keep shorting the stock at this point. So yeah, I know the phrase is not that fun this way but it is what it is. **We can stay solvent longer than they can stay retarded.** + +# 💎🤲 +-A message to the regulatory bodies- + +The fraud has been exposed to the world and handed to you on a silver platter. Yet 7-3 buy sell ratio keeps the price trading sideways for months. How the fuck do you explain this in a way that doesn’t frame the free market RIGGED. + +I am done with US capital markets and will continue to use my voice and my platforms to share and expose the fraud that has been committed. + +Rich vs poor, and there are more poor than rich in the world to fight you. + +Your all a fucking waste to society and you’ll die without ever having a purpose. Think about that. When your kids look to learn more about their parents they will see a digital footprint of all the crimes you committed against society. They will be ashamed of the person they were raised by. +I’m 34 and have 180k in my 401k and max it out every year. I’d like to have money that is accessible before retirement to spend without getting penalized for withdrawing early. Would it be more beneficial to put an additional 6k in a Roth/IRA or a brokerage/index fund with low fees? +I saw a post on here a few months back where someone was suggesting this could be a decent covid recovery pick with the high street opening back up and also with schools returning. + +Having seen their recent financial results, the number of store closures and lack of online presence its a bit concerning. + +Anyone have any thoughts on whether or not it's worth a punt? +So, shares nose diving. Easyjet down 15% on opening... This fees like a buy the dip moment + +Any recommendations? + +Lots of people suggesting RR for the long term +**Do you find it difficult to talk about your debt problems?** + +StepChange provides free and confidential advice to over 635,000 people every year, both over the phone and online. Due to the pandemic, that number is set to increase exponentially. + +StepChange are the largest debt charity in the UK, and over the last 27 years they’ve helped well over 5 million people with debt. Their advice and solutions are based on a comprehensive assessment of your situation. They also provide practical help and support for however long it’s needed. + +**Get your debt questions answered here!** + +**From midday Monday until Wednesday**, trained advisors from StepChange Debt Charity are here and waiting to answer your debt questions. They're a friendly bunch so please don't be shy! + +**Unsure whether or not you need debt advice?** + +Visit the StepChange website. By answering a few simple questions, you’ll quickly find out if you’d benefit from free and confidential debt advice. + +[https://stepchange.org/](https://stepchange.org/) + +You can also[ find out what our clients say about us](https://www.stepchange.org/about-us/making-a-difference.aspx), or read our reviews on[ Trustpilot](https://uk.trustpilot.com/review/stepchange.org) and[ Feefo](https://www.feefo.com/en-GB/reviews/step-change-debt-charity?displayFeedbackType=SERVICE&timeFrame=YEAR) + +*Important: The advice provided to an individual poster is based only on the information provided by that poster. Advice on this thread is also particular to the individual who has asked for it and is likely to be specific to that person’s situation. A poster may have provided further relevant information by private message which will not appear on this thread.* + +*Important: FCA regulations mean that StepChange is unable to give full debt advice or recommend any debt solutions through this AMA. If they feel you’d help from getting a full debt advice session, they’ll mention that in the reply.* + +*If you need free and confidential debt advice that’s specific to your situation, please use the online debt advice service listed above, or contact StepChange by telephone.*[ *More details on the Contact Us page*](https://www.stepchange.org/contact-us.aspx) + +*Additionally, StepChange can’t give advice on self-employed or business debts. For more help with these, you can talk to fellow charity Business Debtline* +Hi everybody. As of today XRT is off the threshold list, and this has several implications. The most important one being that for the next Opex run it's very likely that we will see a repeat of the November run, when as soon as we touched $250 they slammed the price down extremelly fast. So if you were planning to buy some Calls for the upcoming run, be extremelly careful and sell into force, don't wait for weakness. This also suggests that last weeks' run and all the borrowed shares (that made the borrow rate jump) were shorts gathering shares to cover their obligations to XRT for the specific purpose of controling the run. Given the massive Gamma slide that already exists under us, for the next two weeks expect a major drop (possibly sub $80 towards the $60 range), an Opex run followed by a quick drop again. Sorry for the bearish news and tone, but everyone should know what's happening when or if it happens. +Hi I recently lost my job and in the process of losing my apartment but I still want to get my daughter a costume I found one she’s love on target for 25 $ a unicorn costume . I don’t have anyone I could borrow money from . Looking for some good ideas or tips to making some cash in the next few days if possible ? She’s only five and doesn’t know I lost my job yet everyday when I bring her to school I feel awful when she wishes me a good day at work . I’ve been looking for a job everywhere in the next 15miles radius from me and still nothing . I’ve been to over 20 interviews and nothing . I’ve had a rough few months and starting to lose hope . I just want her to be happy, I think she’d be so disappointed if I didn’t find a way to get her something +How do we feel about the news that Affirm has filed paperwork with the SEC to go public? I'm a bit excited about it. I think it has pretty good long-term potential. It saw some losses in 2019, which shrunk in 2020. Their revenue has also grown, probably with all the folks staying at home and ordering Pelotons. Of all the recent news of companies filing their IPO paperwork (AirBNB, Wish, Roblox, and DoorDash), I'm personally the most excited about Affirm. +The conventional wisdom is that, as you get older, your allocation to stocks should go down while your allocation to cash and bonds should increase. However, if you have a large nest egg and can fund your annual expenses with a small percentage of your net worth, does this approach make sense? Wouldn't it be better to invest heavily in equities to benefit from the longer-term expected outperformance relative to bonds, knowing that you wouldn't have to sell (much) during market declines? For instance, if you can live off of 2% of your investments, which approximates the dividend yield of the S&P 500, why not just be 100% stocks? +The crypto space can be overwhelming for beginners, there's just so many coins! + +But fret not, I created simple explanations for all major coins to help you level up your crypto knowledge. Enjoy! + +**Bitcoin (BTC)**: The first crypto currency, created by Nvidia to boost graphics card sales + +**Ethereum (ETH)**: BTC but can also calculate your taxes + +**Tether (USDT)**: US dollar but what if the money printer had a modem + +**BNB (BNB)**: ETH but what if rug pulls were cheaper + +**XRP (XRP)**: CBDC (Central Bank Digital Currency) beta release + +**Cardano (ADA)**: A whitepaper became self aware, grew a beard and created a crypto currency + +**Solana (SOL)**: ETH but what if <SEG FAULT #F9E7> + +**Dogecoin (DOGE)**: BTC but what if dog + +**Polkadot (DOT)**: You throw a party for blockchains but nobody shows up + +**Avalanche (AVAX)**: ETH but you think it's too simple and make it 3 blockchains + +**Polygon (MATIC)**: ETH but you want to run ETH on it + +**Litecoin (LTC)**: Dogecoin beta release + +**Uniswap (UNI)**: What if you wanted to swap 1 ETH worth of coins for a fee of 2 ETH + +**Chainlink (LINK)**: What if random numbers cost money + +**Cronos (CRO)**: You create a coin but you don't like it having use cases so you remove them + +**Monero (XMR)**: BTC but what if it pissed off regulators even more + +**Algorand (ALGO)**: What if you brought democracy to a blockchain without bombing it first + +**Bitcoin Cash (BCH)**: BTC but with an insolvent CEO + +**VeChain (VET)**: What if your coin's use case doesn't work out so you try out a new one every month + +**The Sandbox (SAND)**: Minecraft but what if it was designed by a hedge fund + +**ApeCoin (APE)**: What if you bought an ape JPEG for 1 million USD and still had money left over + +**Internet Computer (ICP)**: ETH but what if the price chart was reversed + +**Filecoin (FIL)**: Google Drive but what if you paid Bob to store your data instead + +**Axie Infinity (AXS)**: A full time job where your salary can get hacked + +**EOS (EOS)**: What if you were the cool kid once but now work at McDonalds + +**Aave (AAVE)**: What if you got liquidated but it's decentralized so it's ok + +**IOTA (MIOTA)**: What if your toaster could trade crypto currencies + +**THORChain (RUNE)**: Created by Marvel fans to get Chris Hemsworth's attention + +**Loopring (LRC)**: Polygon but partnered with dying retail stores + +**Nano (XNO)**: A fast and feeless currency so good that nobody wants to use it + +**Terra (LUNA v2)**: Created for ponzi scheme victims that still had money left over + +^(Fanboy downvotes commencing in 3..2..1) + +Edit: Thanks for all the cool awards guys! Buff doge best doge. +I didn't see a post about this so I thought I should mention it, + +&#x200B; + +" CALGARY, AB, Feb. 18, 2021 /CNW/ - High Tide Inc. ("**High Tide**" or the "**Company**") (TSXV: HITI) (OTCQB: HITIF) (Frankfurt: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories will release its financial and operational results for the quarter and year ended October 31, 2020 **after market close on March 1, 2021**...." + +"... For the fiscal fourth quarter of 2020 the Company expects to report revenue that is **ahead of the range of analysts' estimates** of $**23.3 million** and $**24.2 million**, and gross margin percentage consistent with the percentage realized during the first nine months of the fiscal year. For the full year ended October 31, 2020 the Company expects to report revenue that is **ahead of the range of analysts' estimates** of $**79.7 million** and $**80.6 million**." + +&#x200B; + +[Link to the news](https://finance.yahoo.com/news/headsup-entertainment-corporate-175900859.html) +Hello, I’m a 20 year old project manager currently making 80k a year in Michigan. I would consider myself financially literate, and I budget everything. +My question being, +I’m looking to grow my wealth consistently. I’m invested into mutual funds, and have a IRA already in place. +Does anyone have any advice on how to handle making X amount of money? I just recently landed this job and most people my age would piss this money away due to negligence. I want to capitalize on this opportunity. Thank you. +My spouse and I moved recently and are looking to roll over our 401ks from previous jobs to individual Roth IRAs (one for me one for him). In our area Merrill Lynch seems to be the go-to for long term investments, I think because the staff/customer service is pretty good, but I keep reading that discount brokerages like Vanguard, Schwab or Fidelity would be better. My husband also already has a mutual fund with Merrill Lynch that was created for him when he was young that we haven’t really touched (but plan to start actively managing). Does anyone have any personal experience that would suggest not going with Merrill Lynch? Would it be better to go with Schwab, Fidelity or Vanguard? +My company just instituted a 401k for employees, effective for the last 3 paychecks of the year and then continuing onward. Wanting to get the most out of it, I opted to have 100% of my income go towards the 401k for the remainder of the year. At that rate, it will still fall short of the maximum annual contribution of $19,500. + +However, my employer told me that their CPA cannot arrange this. They said that I must leave a certain amount left in each paycheck to pay the withholdings, which is about $1000 per paycheck. This doesn't make sense to me... I thought the whole point with 401k contributions is that there are no taxes and therefore no withholdings? + +The one scenario I could be wrong in is if the withholdings are collected back when I file my 2021 taxes. Is that the reason why? Or is the CPA wrong here? + +Update: somehow I convinced the CPA they were wrong, and now I won't have my Federal and State taxes deducted. FICA and others still will be. Thanks everyone for the helpful advice! +The push to mandate low nicotine cigs is finally happening. Look for more news this week as the actual announcement is made. Any news on this front makes $XXII spike. As can be seen in Friday AH trading. + +[https://finance.yahoo.com/news/tobacco-companies-forced-reduce-nicotine-204054785.html](https://finance.yahoo.com/news/tobacco-companies-forced-reduce-nicotine-204054785.html) + +Also they are pushing to ban menthol in cigarettes - [https://rollcall.com/2022/04/28/fda-proposes-ban-on-menthol-cigarettes-flavored-cigars/](https://rollcall.com/2022/04/28/fda-proposes-ban-on-menthol-cigarettes-flavored-cigars/) + +However they are looking for comments regarding exclusions for this rule, such as vape products and Very Low Nicotine cigarettes - + + +" The agency is considering allowing certain exemptions for some menthol products, like cigarettes with low nicotine levels, on a case-by-case basis. " + + +FDA just endorsed VLN menthol, so it's pretty clear it will be exempted and will be an off-ramp for existing menthol smokers. + + +VLN Menthol has a high chance of being the only menthol cig on the market when this menthol ban goes through. Aside from partners that choose to license from XXII. + +&#x200B; + +Long $XXII. They are the only company in the world that can produce low nicotine tobacco and low nicotine cigarettes. (That aren't nicotine extracted or grafted from other plants. These processes leave the remaining tobacco undesirable. Ruins flavor and aroma.) + +Decades of studies by the FDA, NIH, NIDA have used solely their VLN (Very Low Nicotine) cigarettes for examining this policy. Mandating low nicotine levels means XXII gets royalties on nearly every sale in an $80 Billion market in the US. + +VLN Pilot launch in Chicago currently. CEO has said numbers are exceeding expectations. National rollout and international rollout coming soon. + +Company also works with cannabis/hemp and hops, looking into other plants. Just acquired GVB Biopharma which is one of the largest raw Cannabinoid suppliers in the world with over 15% of the market. XXII has the ability to increase margins significantly with their custom tailored hemp strains with increased levels of rare cannabinoids. Also upgrading a facility in Prineville, OR where they will have the largest extraction facility in the world. + +&#x200B; + +Please see my other posts if you want much more detailed DD on the stock. + +The idea behind their low-nicotine tobacco is VLN (Very Low Nicotine) cigarettes. [22nd Century has 18 publishes clinical studies](https://www.xxiicentury.com/vln-clinical-studies/published-clinical-studies-on-very-low-nicotine-content-vlnc-cigarettes), with another [27 clinical studies currently ongoing](https://www.xxiicentury.com/vln-clinical-studies/on-going-clinical-studies-on-very-low-nicotine-content-vlnc-cigarettes), (Heavily funded by the National Institute of Health, the National Institute on Drug Abuse, and the FDA.) that show that using [VLN cigarettes lead to decreased nicotine consumption](https://tobaccocontrol.bmj.com/content/24/6/536), [decreased cigarettes smoked over time and increased quit attempts](https://www.nejm.org/doi/full/10.1056/NEJMsa1502403). [Quit rates while using VLN + NRTs (Nicotine replacement therapies) were higher than when using NRTs alone.](https://pubmed.ncbi.nlm.nih.gov/22594651/) [Withdrawals were less severe using VLN than using other NRTs.](https://pubmed.ncbi.nlm.nih.gov/23603206/) + +&#x200B; + +https://preview.redd.it/3dse107zz6591.png?width=1283&format=png&auto=webp&s=61cca174e384020d0c5a1f4e6e3522a072fc2e4d + +Here you can see that an immediate swap over to VLN can lead to a 50% reduction in CPD. Even dual-use of VLN with regular cigarettes leads to a decrease in CPD. + +On top of this, studies were done to measure compensatory use in response to using VLN, and they show that [compensatory smoking does not occur](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6939759/), even in [vulnerable populations](https://pubmed.ncbi.nlm.nih.gov/27714427/). Because cigarettes smoked per day decreases when using VLN, [exposure to toxicants outside of just nicotine will also occur](https://cebp.aacrjournals.org/content/25/7/1125.abstract). + +New Zealand is also implementing such a policy - [https://www.stuff.co.nz/science/127803331/low-nicotine-cigarettes-could-cut-smoking-significantly](https://www.stuff.co.nz/science/127803331/low-nicotine-cigarettes-could-cut-smoking-significantly) and will be working closely with XXII for this. XXII has a subsidiary in NZ as of this year. + +EDIT: Common misconceptions here - + +**Compensatory smoking.** No, these do not make you smoke more. They help you smoke less. The FDA REQUIRES XXII to label each pack of VLN with "HELPS YOU SMOKE LESS". Less nicotine does not automatically mean users smoke more to get the same hit. + +[https://www.youtube.com/watch?v=hmS954TsuJE&ab\_channel=NEJMGroup](https://www.youtube.com/watch?v=hmS954TsuJE&ab_channel=NEJMGroup) + +[https://academic.oup.com/ntr/article/21/Supplement\_1/S16/5684957](https://academic.oup.com/ntr/article/21/Supplement_1/S16/5684957) + +" The available research on switching from NNCs to VLNCs shows minimal evidence of compensatory smoking such that smokers do not smoke more cigarettes per day and are not exposed to higher levels of tobacco combustion toxicants. Furthermore, mathematical estimations based on the nicotine availability in VLNCs compared with NNC cigarettes with consideration of potential increases in bioavailability that could occur with intensive smoking suggest that substantial compensation would be impossible. It is much more likely that smokers who are unable to tolerate the extent of proposed nicotine reduction would switch to other sources of nicotine, rather than try to compensate by smoking more VLNC cigarettes more intensively. " + +&#x200B; + +**Big tobacco has low nicotine cigs already!** This is incorrect. They have "lights" which are not low nicotine content cigarettes like VLN. "lights" are regular nicotine cigarettes with filter tricks from big tobacco to make it seem like they are low on nicotine/tar. Essentially they put a bunch of holes in the filter to dissipate the smoke. They recorded tar/nicotine yields in a machine which did not accurately represent how people smoke. People covered up the holes and actually absorbed much more nicotine than what the machines measured. This is why these are completely different from VLN cigarettes which contain tobacco grown with 95% less nicotine. + +"Nicotine intake per cigarette was about eight times greater than machine-smoked yields at the lowest deliveries (1.17 mg estimated nicotine intake per cigarette from brands averaging 0.14-mg delivery from machine smoking) and 1.4 times greater for the highest yield cigarettes (1.31-mg estimated nicotine intake per cigarette from brands averaging 0.91 mg from machine smoking)." + +[https://pubmed.ncbi.nlm.nih.gov/11208883/](https://pubmed.ncbi.nlm.nih.gov/11208883/) + +A supposed .14 mg of nicotine in a cig (according to the machine), and it actually delivers nearly 10x the amount of nicotine when smoked by a person. + +&#x200B; + +**Big tobacco can get a true low nicotine product on the market soon, too!** + +Incorrect. Even BT says they will be unable to work around XXII's patent moat. Process would take 10-20 years and cost tons of money in R&D. The only easy way is to license from XXII and pay em royalties. + +https://preview.redd.it/oexywnpkz6591.png?width=702&format=png&auto=webp&s=58cc04ab678a6030d7bec3ac2a673e2232744385 +Hey guys, +I am a junior pursuing a dual degree in Finance and Math. I was wondering if there was anyway to break into HFT as an undergraduate. +If so, where should I look in terms of internships? +If not, what steps should I take to become a HFT in X number of years? +When I started in 2007, I had no real approach and was making a random series of trades. When I met my mentor, he discussed a trading plan. Sounded boring to me. Then it finally clicked. The trading plan is a personal document that is individual to the trader - nobody can make yours for you. It forces us to think through our portfolio approach, our money management approach, and strategy approach. I found this process one of the most significant contributors to my development. It's a living document that evolves with us as traders - but offers us a starting point and guidelines. The final decision should never be dictated by a document, but by us the trader. + +I made a video outlining my approach to trading plans but here's a summary. I'm curious if other traders do this and what they like to include in theirs? + +1. Exec summary +2. Portfolio and money management overview +3. Strategy Outline (for each strategy I want to trade) + 1. Exec summary + 2. Set up + 3. Management +Hi all, + +Just looking for some preliminary guidance but please let me know if this isn’t the place. + +My mum has worked incredibly hard throughout her life. Unfortunately, both her and my dad (they’ve been divorced for a few years now) did not make the best financial choices. My mum has no assets but she has a reasonable amount of savings and about $200k in her superannuation fund. + +Due to health reasons, mum has abruptly decided to retire and she’s in the process of applying for the pension, which is a drastic cut to her income. As she currently rents an apartment that she soon won’t be able to afford and is unable to drive, I’m a bit worried about her future. + +I’m looking at jointly purchasing a property my with her. While I’m married, the title will just be myself and mum and she would live in the apartment. Essentially she would pay a portion of the rent and I would pay the remaining mortgage amount, strata fees etc. Ideally looking at a two bedroom in Sydney’s inner west, so potentially she could have a friend as a flat mate to help with the repayments. We would be eligible for the first home buyers benefit as neither of us have ever purchased property. + +Is this a terrible idea? I’ve had some preliminary chats to a bank about it and they weren’t terribly helpful. Who should I be talking to, eg a financial adviser, mortgage broker, accountant or lawyer, about this arrangement? + +Thanks for your help +Amazon's stock, much like the digital giant itself, is an unstoppable beast. + +Shares of Amazon briefly eclipsed the $1,000 a share mark on Tuesday, giving the company a market cap of more than $477 billion. Amazon's stock has surged 33% year to date, torching the Nasdaq Composite's 15% gain. In large part, the bullishness on Amazon is being fueled by its disruption of industries from bricks-and-mortar retail to cloud computing. As it stands, that disruption could likely keep Amazon's stock red-hot for as far as the eyes could see. + +"Amazon is likely to be one of the first trillion-dollar market cap companies; it's just a question of when, not if, in our view," Barclays analyst Ross Sandler wrote recently. "The retail business has a considerable moat, and the Prime flywheel and logistics and automation are just getting going," said Sandler, who also struck a bullish tone on the prospects for Amazon's cloud computing business. Sandler has a $1,120 price target on Amazon. +You guys have really helped me out on my REI journey. Most of the advice given on this sub is solid after sifting through a lot of the comments and following a few select people. + +I got set up with a local bank today (only 3 branches) and they are hooking me up with a Line of Credit for two of my properties which are paid off. The LOC is for $210k @ 5% fixed but now I have the ability to offer cash and have a psuedo-100% property. + +I may keep it in the LOC and pay the principal down or try to find a lender willing to finance the property if the appraisal is high enough and I can roll the closing fees into the loan. + +I am super pumped to be able to acquire properties without having to raise any capital. I plan on upping my LOC after each property is paid up to increase my buying power. +So as we know the CDO's that caused the market crash of 2008 were backed by worthless Mortgages loans,This time we have CLO's backed by Treasury Bonds, so I decided to look up the behaviour of this bond. + +Not financial advisor just an ape with internet, and somehow more journalistic integrity then the media. + +So lets dive in, + +[as you can see in the RSI we entered the overbought area. 19-04-2021](https://preview.redd.it/5wp5d8s973u61.png?width=1709&format=png&auto=webp&s=c254cb70bc2e070d2a6f1fda0ba490c72dad17f8) + +Lets go a couple of years back in the past, till the last time this happened. + +&#x200B; + +[This day is also know as Black Monday, 19-10-1987 the worst day in stock market history.](https://preview.redd.it/2clmyhsj73u61.png?width=1706&format=png&auto=webp&s=55c50a2b6719a87416f8d8d9d008a183057f998d) + +so 33,5 years ago to the date...What does this mean? I dont have a fucking clue, I am not that smart.What I can tell you that it is a disturbing pattern, that other smarter apes may disect further. + +EDIT: I get a lot of flak in the comments, that I cannot compare those moments together, But guess what I missed an event. it did also happened in \`94 which is now known as the: + +*The great bond massacre.* + +*" But 1994? Let's look at what happened.* + +*In February 1994, the Federal Reserve's key interest rate (the Federal Funds rate) was sitting at 3.0%. This was extremely low by historic standards. It had been sitting at that level for 17 months, and the last time anyone had seen rates go up was six years previously.* + +*That in itself is a pretty useful reminder that, while our current situation is unprecedented in terms of scale, it's not the first time that interest rates have been left sitting at historic lows for a long period of time.* + +*Meanwhile, as the Fortune article noted at the time, "wages were going nowhere, and companies dared not raise prices". However, at the same time, the US economy was perking up and had been growing for nearly three years. So the Fed thought it was about time for interest rates to start rising, to head off any threat of inflation.* + +*In February 1994, the Fed raised interest rates to 3.25%. It raised them again in March and April, to 3.75%; and then by 0.5% in May and August (so we're at 4.75% now). Then, in November 1994, the Fed actually raised rates by 0.75% in one go. Even before the financial crisis, that would have been a punchy move. So by the year-end the Fed Funds rate stood at 5.5%.* + +*Bond investors hadn't expected the Fed to move as quickly as it did. There was a global bond panic, and yields shot up (which means that prices fell). The chart below shows what happened to yields on 30-year US Treasuries, for example. (If you can't make out the details, yields spiked from below 6% to above 8% a massive move for that market).* + +&#x200B; + +https://preview.redd.it/8e0ncy0as3u61.jpg?width=1690&format=pjpg&auto=webp&s=d693d919ce4558bd6e159a3f5f3b4189722e3da6 + +*Bear in mind that a huge chunk of this move occurred within the first couple of rate hikes. The 30-year bond is more sensitive to short-term rate changes, but to quote again from the Fortune article of the day Gilbert de Botton of Global Asset Management in London, said "You had a snowballing liquidation completely out of proportion to the fundamentals".* + +## The year the bond market had a little Minsky moment + +*There's a good argument to be made that the 1994 bond crash was one of the key events that turned the then Fed chairman Alan Greenspan into Wall Street's best pal the man who would never take the market by surprise again, and thus created even more epic levels of moral hazard than already existed.* + +*But in fact at least according to a paper by the Bank for International Settlements (the BIS, the "central banks' central bank") written in December 1995 the real problem wasn't Fed policy (and given that the economy was just fine after this, that seems a reasonable conclusion).* + +*It was "the internal dynamics of the bond market". In short, bond investors had simply become too complacent.* + +*Bond market volatility was extremely low. Bond investors were betting on interest rates either remaining stable or falling further, and using leverage to do so. When you employ leverage borrowed money you magnify your gains and losses, and vastly increase your chances of being wiped out.* + +*The more complacent people get and the more overvalued a market becomes, the more leverage they tend to use. This is why Hyman Minksy's model of financial markets is the most sensible mental model to use to think about these things. When prices are high and expectations are complacent, it's all too tempting to juice up your returns with borrowed money. Hence "stability breeds instability".* + +*In case you're wondering what happened to stocks they had a bit of a scare when the Fed started raising rates, and fell by about 10% early in the year. But they hit the bottom for the year in April 1994 and really just spent most of the year meandering a bit higher. It was by no means a remarkable year one way or the other for stocks, and things perked up sharply in 1995.* + +*Markets survived, and ultimately calmed down. But a lot of people got burned and a fair few scalps were claimed. As Jonathan Davis pointed out in an FT article on the topic a few years ago, the famed hedge fund investor Stanley Druckenmiller lost $650m in just two days.* + +*Probably best known is that in December 1994, Orange County in California went bust due to its own leveraged bets on interest rates. For a very long time, it was America's biggest-ever municipal bankruptcy (indeed, it was only in July this year that the county made its final repayment on a $1bn bankruptcy bond that it had issued in order to repay some of its debts to public agencies).* + +## Good news and bad news + +*The good news is that Paul Schmelzing, who wrote a very good piece on this topic for the Bank of England earlier this year, reckons that 1994 is not something we're likely to see repeated. That's mainly because the Fed is highly, highly unlikely to raise rates at the sort of pace we saw in 1994.* + +*The bad news is that he reckons a repeat of the second half of the 1960s which was worse is much more likely. Next week, we'll take a look at that particular "crash" (it was more of a slow-motion disaster, but I certainly think it's a period that should be of great interest to us right now).* + +Taken from article : [https://moneyweek.com/473408/heres-what-happened-the-last-time-the-bond-market-crashed](https://moneyweek.com/473408/heres-what-happened-the-last-time-the-bond-market-crashed) + +An apette u/G_KG with more brains did an amazing and scary write up of what I stumbled over during my monday morning coffee: [~~https://www.reddit.com/r/wallstreetbets/comments/mtxrfy/crayonbrained\_manifesto\_banks\_are\_unloading\_their/?utm\_source=share&utm\_medium=mweb~~](https://www.reddit.com/r/wallstreetbets/comments/mtxrfy/crayonbrained_manifesto_banks_are_unloading_their/?utm_source=share&utm_medium=mweb) + +Nothing to see here just got deleted of WSB -> new link : [https://www.reddit.com/r/Superstonk/comments/mtxtib/crayonbrained\_manifesto\_banks\_are\_unloading\_their/](https://www.reddit.com/r/Superstonk/comments/mtxtib/crayonbrained_manifesto_banks_are_unloading_their/) + +**TADR; it looks like the last time the vault of banana's was this overbought all the bananas went brown the week after.** + +Edit1: Changed the date on 2nd picture from 19-10-2021 to 19-10-1987 because I am a dumb ape +Edit2: Added \`94 +Edit3: Provided link to article that speaks of the great bond massacre +EDIT4: added a TADR +EDIT5: added the actual DD by u/G_KG as a link +EDIT6: Article of u/G_KG got deleted from WSB, made a copy on superstonk updated link + +&#x200B; +It’s really wierd how calm I am about this whole thing that it feels like living in limbo. It’s like I’m just waiting around with life on pause until the moass starts, and I’m expecting a crazy ride and I’m fully committed to riding on until after the peak which is to infinity. But with all the DD, dailies and news even it just feels inevitable and therefore really calm, see you all on the moon 🦍🚀 + +Edit: forgot to say that I bought in January 27th over $300 and have been here ever since🚀🚀🚀 +I've just finished the Tony Robbins book 'master the game' and was surprised to learn quite a bit. Although annuities aren't for me, I want to expand my understanding. + + +In what interesting ways have you grown your money? +Hey guys, I've been following WSB for years now, but only recently started posting. + +I'm worried that the sub is getting divided because of extremists on both sides of the whole GME saga. There's people who have never touched the stock market until 2 weeks ago getting to know a lot of new trendy terms like "short squeeze," "counterfeit shares," learning what a Bloomberg terminal is etc etc. Listen - that's amazing. I love seeing people get educated, especially in this community, because long-term that means loss porn for us. + +What I worry about is that BECAUSE people are learning so much, so quickly, they now feel like they're the experts among their friends and are in over their heads. One one of the recent top posts was comparing the GME and AMC charts, saying how similar they were. Everyone in the comments was screaming "MAHNEEPULASHIONNNNNN." COULD it have been manipulation? I mean... yes... But market **correlation** is very, very common and normal. I don't think I need to explain this but for those of you who want to understand, feel free to ask. Now, I'm not saying anything about the overall movement of the stocks, as I don't know enough to tell you if it was overall manipulation, but the correlation doesn't mean shit. + +PLEASE do your research before posting this shit. This is why the vets are pissed at all the GME pumping: it's in large by people who don't know what they're talking about. Not everyone who's done with GME is a Melvin bot, as much as you'd like to believe. It's all too easy to get caught up in the whole story and feel like every little thing is manipulated against you. I do hold some GME and would love to see it blow up again, but fuck guys, take what you read with a grain of salt. If you have a thesis that you believe in, you should ALWAYS know the bearish case too. Consider what the other side is saying too. You'll either feel more confident (and not need to get your confirmation bias...) or you'll realize maybe you were wrong. + +The other side of the story is the OGs who have also been around for years. I see why you're pissed. The sub has changed tremendously over the last month. At the same time, I want you guys to also remember that this GME thing is turning into a cult and the more aggressively you attack these newbies the more you push them to the conspiracy side. It's not exactly the essence of WSB to teach people (lol) BUT if you just leave comments saying "you're an idiot." or "you should have sold like I did retard" you're only making the problem worse. + +If you've been around long enough you know that things will probably go back to normal once we get to a bearish market again. Then we can continue losing money together in peace. + +Tl;dr: pleas wsb again +I'm lucky enough to have my parents offer a gift of $100,000 to help pay off part of my student loans. From what I understand , my mother and father can each give me $15,000 without having to file forms with the IRS. They can then each give my wife $15,000. Between the two of us this covers $60,000. The last $40,000, my parents will file a form with the IRS for their lifetime gift exemption. + +&#x200B; + +My question is, does it matter how the money is transferred? Do we need to do 4 separate transactions for each $15,000 to make it clear that it falls under the annual exclusion? And then a separate transaction for the $40,000? Will a bank transfer of exactly $15,000 cause any problems with the bank or IRS? Does it matter if these payments are coming from/going to the same (joint) accounts? + +Thanks! +Hi guys. I really need to get this off my chest before I explode. +My husband and I bought a mobile home a few years ago. I was kind of 'meh' about the place but my husband liked it and it *appeared* to be in good condition... It's not. We can afford basic repairs and the occasional large one but it seems like everything is going and as soon as we can hope to pay for something, something else pops up. +Since we've moved in we've had to replace the hot water heater, get multiple small plumbing repairs due to leaks and such, pay for a gas line repair and lots of small things. + +Here we are now, barely floating because we had some time of unemployment but we're both working again and planning on getting back on the repair bandwagon... Ac doesn't work, furnace is on its last legs, the floor is soft and warped in spots, several power outlets don't work, our tree needs trimmed and the park is getting grumpy about it and we were working on a budget for all of that and last night our 1 year old water heater sprung a leak! That's just the major stuff, there are still some minor repairs that have been put off/recently came up. This place cost less than the repairs! + +We wanted out of the expensive rental market but at this point it would have been cheaper and less stress to just stay in an apartment. With our current jobs we make about 70k a year, the most we've ever made, and I feel poorer than ever. + +I know this is a vent but if you have advice I'm open to it. Please don't berate us for buying this hunk of junk, we're doing our best. +FB has been one of the successful tech stocks for a long time now. It's only 187 a share with a high of 378. I don't see why it would tank. They have adapted and continue to acquire new apps and platforms. With the metaverse coming I can see that also adding a lot of value in ways we can't really imagine yet. + +It might not happen this year, next year, or even the year after. But in 5 years do I think my money would double? Well, idk that's why I'm asking strangers on the internet. +I'm reffering to this thread in the title: + +http://www.reddit.com/r/finance/comments/1c55v2/finance_majors_how_much_of_your_education_do_you/ + +I know that there is already a link to finance books in the sidebar but how many of those are hands on. Also are there any good seminars or websites or youtube channels that you feel provide info that can be transferred to a career in finance? Or is working the only way to truly learn? +I'm reffering to this thread in the title: + +http://www.reddit.com/r/finance/comments/1c55v2/finance_majors_how_much_of_your_education_do_you/ + +I know that there is already a link to finance books in the sidebar but how many of those are hands on. Also are there any good seminars or websites or youtube channels that you feel provide info that can be transferred to a career in finance? Or is working the only way to truly learn? +54% Americans have money invested in the market vs 65% before the Great Recession. 89% of those who make $100K/year own stocks. Richest 20% of Americans owned 92% of all stocks in 2013. + +This article concludes that the persistent risk aversion and skepticism generated by the Great Recession has dampened the type of euphoria preceding prior bubbles in the market. The article insinuates that because of these skeptics, this is a different market today with less risk of a calamitous bursting of a bubble. Agree or disagree? + +http://money.cnn.com/2017/08/08/investing/stock-ownership-dow-record-trump/index.html +Is it worth it for me the do a cycle to work scheme? Salary sacrifice? Joining the union? How do I stop being taxed despite being wayy under threshold at the moment. + + +So I need the bottom and first floor windows redoing as they are all beaded from the outside, leak something shocking, most blown etc as well as a new back door. Got in touch with 5 companies, 3 indys and 2 nationals (Everest and Safestyle) latter two arriving yesterday to put in a quote, indys will be booked in when they have availability. + +The downright rip off practices they used though were diabolical the whole 9 yards of phoning managers, this is the best we can do today only and if you book straight away, what will it take to do a deal here and so on despite being told that I am getting multiple quotes and nothing will be booked in before then. It was the prices that got me though one started at £8500 and was then dropped to £4330, the other for the exact same spec, install scaffolding and so on started at £17995 and dropped to £7990. Clearly there is still profit to be made at the lower prices and this is before I get any of the calls from area managers and suchlike with even more which I would no doubt have to endure. + +I guess my point is how on earth is this not more regulated against profiteering?! I bet those wouldn't have dropped for some poor old dear and they would end up paying so many thousands over the odds its sickening as a prospect from companies that are some of the biggest in the game and seem to pride themselves on such glowing reviews. Can we really still be stuck in the 'White Gold' days? + +TLDR: National double glazing firms seem to be profiteering devil spawn and we need to look out for their potential preying on the vulnerable, or have I missed a trick? +Hello Everyone! + +Ape help ape. + +\*\*Final one for a few weeks!\*\* + +Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? The world is still very turbulent, and the same applies personally for many too. Alot of people have been having things rough. It's okay to take a breather! Maybe do a little yoga, stretch it out. In, out... ahhhhh! + +While it may still be summertime (depending on where you're from), school is back in session! Whether you're starting another semester at a university, or the little kiddos have their first day back, this can be a crazy time of year. It's okay, take a breather. Enjoy the weather, put your toes in the grass and just feel the breeze. Good things are coming. On the GME front, the Q2 earnings call is coming up, only a week or two away! I know I'm excited to finally see those post splividend, juicy DRS numbers! Even after news of some institutions selling last week (more than likely SHFs) and the number dropping due to the increased free float, just a week later, the percentage locked is nearly back to what is was. They can't stop this! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leeway will be given but outright \*\*saying you sold\*\* (true or not) is not the best to post and \*\*WILL be considered FUD.\*\* No fud please. Basically not spreading of fud and not talking of selling and you'll be good. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️ + +Stay cool! Don't lose hope, not just in moass or Ryan Cohen, but \*\*never lose hope in yourself!\*\* Love everyone. + +WAGMI. +My retired father has taken out a home loan of 19 lakhs from India Bulls in 2016 for a tenure of 78 months. The rate of interest in the beginning was 9.55%. Subsequently, despite repeated rate cuts, India Bulls has only increased the rate of interest on my father's home loan till now. + +SBI is offering housing loans for 6.5% now while we are paying 12.90%. + +The interest rates are as tabled below: + +&#x200B; + +|Month|Rate of Interest| +|:-|:-| +|February 2016|9.55| +|March 2017|9.40| +|May 2018|9.60| +|July 2018|9.70| +|September 2018|9.90| +|November 2018|10.10| +|December 2018|10.30| +|June 2019|12.90| + +Despite my father writing to them multiple times and calling them to reduce the rate of interest, they keep refusing. They don't even tell us how to apply for reduction. All emails are replied to with a standard canned message saying they are acting as per their terms and conditions. + +Additional Info: + +My father has a great credit rating. Has always paid his loans fully and in time. No missed payments in his life and has a long credit history. + +We are pooling all our resources and trying to close down the loan because of the excessive rate of interest. My father made part payments in the manner below: + +|Month|Amount| +|:-|:-| +|August 2018|2,00,000| +|August 2020|3,75,000| +|October 2020|1,38,134| + +Please advise on if this is legal and within norms. Is there any recourse to this type of daylight robbery? +Franklin released a press statement today for the write-off they did last week. It says a segregated portfolio will be created which will act as a sub fund. But this will happen only for the existing investors. What confuses me is this got approved on 24th of Jan while write off was done in 16th of Jan. What will happen for the people who invested between this duration? And how will people track this sub fund. Will it be available as a new closed ended fund? +Not a professional. Still learning all about the industry. Do correct me if required. +[Statement Link:](https://www.franklintempletonindia.com/downloadsServlet/pdf/media-statement-segregation-of-portfolio-january-25-2020-k5teijr2) +Throwaway account for privacy (why isn't this a reddit feature?) + +I'm in my mid 30s, married, one kid (2 yrs old). I live in Silicon Valley. In my 20s I was an early employee at what is now a multibillion dollar tech company. There have been a couple of secondary offerings since then, and I have taken money off the table each time to diversify. 85% of my networth is still tied up in semi-illiquid company stock. There is a secondary offering coming up and my participation is probably going to be uncapped. I'm trying to get prepared, because this should be the one that lets me fatFIRE. + +So far I have: + +1. Formed a trust and put all of our assets in it +2. Read the section 1202 (QSBS) tax code backwards and forwards. I've used up 4M of my 10M exemption. Nearly all my stock is QSBS. +3. Bought umbrella insurance (5M). + +My stock is currently valued at X dollars a share and in the next round I believe it will be valued at 2-3X dollars per share. The last 409a is .5X dollars per share. Knowing that there is a 600% revaluation of my shares imminent, I have been thinking about stashing some of them away for my kid, in some tax advantaged way. I am also interested in refreshing my 10M QSBS cap, possibly with a tax divorce (the cap is per couple per issue and my wife also owns QSBS stock). + +The more I research tax optimization hacks I can do (and could have done earlier), the more I am convinced I need to talk to a professional. Most of the people I have talked to so far are charlatans that know less than I do, so if you can personally recommend someone, that would be amazing. I am looking for a knowledgeable fee-based tax advisor in Silicon Valley who is also \*not\* a wealth manager, if anyone can recommend one, please DM me about what they were able to do for you. + +I am interested in r/fatFire's take on what other steps I should be considering at this time. + +Assets: + +5M equity in primary residence + +1.5M portfolio (70/30 stocks and treasuries) + +30M in private tech stock (at new valuation of pending secondary) + +Our annual burn rate is around 300k/yr, with the largest items being property taxes, travel and (soon) health insurance (on COBRA right now). +Throwaway account for privacy (why isn't this a reddit feature?) + +I'm in my mid 30s, married, one kid (2 yrs old). I live in Silicon Valley. In my 20s I was an early employee at what is now a multibillion dollar tech company. There have been a couple of secondary offerings since then, and I have taken money off the table each time to diversify. 85% of my networth is still tied up in semi-illiquid company stock. There is a secondary offering coming up and my participation is probably going to be uncapped. I'm trying to get prepared, because this should be the one that lets me fatFIRE. + +So far I have: + +1. Formed a trust and put all of our assets in it +2. Read the section 1202 (QSBS) tax code backwards and forwards. I've used up 4M of my 10M exemption. Nearly all my stock is QSBS. +3. Bought umbrella insurance (5M). + +My stock is currently valued at X dollars a share and in the next round I believe it will be valued at 2-3X dollars per share. The last 409a is .5X dollars per share. Knowing that there is a 600% revaluation of my shares imminent, I have been thinking about stashing some of them away for my kid, in some tax advantaged way. I am also interested in refreshing my 10M QSBS cap, possibly with a tax divorce (the cap is per couple per issue and my wife also owns QSBS stock). + +The more I research tax optimization hacks I can do (and could have done earlier), the more I am convinced I need to talk to a professional. Most of the people I have talked to so far are charlatans that know less than I do, so if you can personally recommend someone, that would be amazing. I am looking for a knowledgeable fee-based tax advisor in Silicon Valley who is also \*not\* a wealth manager, if anyone can recommend one, please DM me about what they were able to do for you. + +I am interested in r/fatFire's take on what other steps I should be considering at this time. + +Assets: + +5M equity in primary residence + +1.5M portfolio (70/30 stocks and treasuries) + +30M in private tech stock (at new valuation of pending secondary) + +Our annual burn rate is around 300k/yr, with the largest items being property taxes, travel and (soon) health insurance (on COBRA right now). +Hi, I've recently turned 20 and I'm currently on 19.5k doing an accounting apprenticeship (started a couple of months ago). I have no idea how to adult, I was never taught how or where to pay council tax or any of the bills. I had strict curfews and wasn't allowed outside after school or anywhere, I had to stay at home at all times. I've very limited knowledge of the outside world. Anyways, sob story aside, my parents have been trying force me into an arrange marriage and I'm at the risk of honour based violence in the near future. I've been trying to build up a small emergency fund and then move out. I've been looking at house shares with all bills included like [this](https://m.spareroom.co.uk/flatshare/flatshare_detail.pl?featured=1&flatshare_id=16116549&search_id=1110104924&search_results=%2Fflatshare%2F%3Fsearch_id%3D1110104924%26) but they seem too good to be true. Is there some sort of catch with these house shares? +Would my current salary be enough for me to survive on my own with minimal expenses? +Also, this is more on the legal side but I want to go non-contact with my family and I'm afraid that they will follow me or come looking for me everywhere I go. I plan to change my name by deed poll, buy a new phone / sim card and maybe inform the authorities that I don't wish to be contacted by parents. I'm afraid that if they found me after I've run away the consequences for me would be dire. + +Aside from house shares, what other cheap accommodation options do I've? I guess worst comes to comes to worst, I can always run away to a women's shelter. +**What I do not want to argue is that this completley invalidates what we are doing here, or even sugget everything in this video is correct.** + +However, I found this video here especially interesting because the content creator is a financial professionell, consults people on their retirements for a living and most importantly provides a wide coverage of sources in economic research for his arguments throughout his content. + + +Also his views allign 90% with common wisdom within this community and only diverges on a few points, the two largest being factor investing (for which he sells products, so might be conflict of interest) and being sceptical of early retirement, noting he does not understand the allure and considers people aiming for it to be overly optimistic. + +In times of echo chambers and a lot of binary arguments, where the voices of people on the extreme ends of the spectrum are usually pitched against each other on any given issue I find this to be extremely valuable. So here is the video: + + + [https://www.youtube.com/watch?v=z7rH7h7ljHg](https://www.youtube.com/watch?v=z7rH7h7ljHg) + +&#x200B; + +What do you think of this? While I am a little sceptical of CAPE and consider it likely pessimistic, I do agree that the trinity study which we base a lot of our believes on fails to address the international market, which changes a lot. But most importantly I have always considered the inefficiency of the 4% rule to be very offputting. A sizeable amount of practioners ending up more than doubling their wealth during retirement always seemed to hype people up around here, but to me always seemed fundamentally flawed. So while I always agreed with people saying "I just do 3% and will likely succeed, no need to sweat", that always increased my biggest problem with the argument. + + +Personally, the video didnt change my views on the merits of our endeavors or sour the desire for financial freedom and early retirement. However, it strenghtened my conviction in the plan of my wife and I. We are still quite young and right now are only focusing on building wealth until we come in a ballbark number where we could consider pulling the plug. Then we will likely spend the time to understand more complicated withdrawal concepts. + +&#x200B; + +Because while I understand the appeal of the simple rule, I was always flabberghasted how much people are willing to optimize their phone plan or banking costs, and how much resistance was there to consider anything more complicated than the 4% rule. I have a hunch that complicated the issue here will lead to a simpler life in retirement. +Hey folks, + +I am curious about this option. I'm a US citizen and would like EU residency/citizenship so that I can live in Sweden. + +Reason for Sweden has nothing to do with investment -- I just like it there. + +Problem is, to get Swedish citizenship I'd have to work there for 5 years. The only way I can live there now (for over 3 months) is through a work visa.I prefer to take occasional extended time off from my work that I do for money to spend time on art, which I don't make a lot of money from and I doubt that would be considered a business. But, the idea of working my money-making job non-stop for 5 years is not appealing. + +One work-around seems to be, invest in real estate in Portugal. I don't think that would allow me to stay in Sweden for more than 3 months at a time, same as now, but you can apply for Portuguese citizenship or residency after 5 years without having to live there ([https://www.goldenvisas.com/portugal](https://www.goldenvisas.com/portugal)). I actually would not mind living there some of the time until then, working remotely for a US-based company some of the time, making art some of the time. I could potentially live a digital nomad lifestyle while having Portugal be my primary residence. + +Then, there's the question of moving to Sweden once you have Portuguese residency. The Swedish migration website is a bit complex. There's the option for an EU citizen to move to live with a family member (not my case):[https://www.migrationsverket.se/English/Private-individuals/EU-citizens-and-long-term-residents/Residence-permit-for-EU-citizens.html](https://www.migrationsverket.se/English/Private-individuals/EU-citizens-and-long-term-residents/Residence-permit-for-EU-citizens.html) + +And then there's the option for an EU resident to live there: + +[https://www.migrationsverket.se/English/Private-individuals/EU-citizens-and-long-term-residents/Long-term-residents.html](https://www.migrationsverket.se/English/Private-individuals/EU-citizens-and-long-term-residents/Long-term-residents.html) + +But what about EU citizens moving in if they just want to live there and can prove that they are financially secure? + +And, is this a reasonable strategy in general? Any advice would be appreciated. I am still in the early stages of exploring this as a viable option. + +I also know Cyprus offers citizenship for a 2m investment, but that's a bit much for me. Happy to invest 6 figures, but 7 is a lot. +About ten years ago, my partner and I had saved around 2M, through the usual fire methods and decided we didn’t need to work our tech jobs anymore. I wanted to do something meaningful, something that wasn’t about a paycheck, but was worth doing for its own sake. I got a degree in one of the helping professions, and started, well, helping people. The work actually was fulfilling, and I know that I made a positive difference in people’s lives. But the politics of the bureaucracies I had to deal with were way worse than anything from my previous job. People can really treat you like dirt when you are seen as expendable. Also, it surprised me how many people wanted to work in my helping profession, and how few paying positions there were. I was taking away an opportunity from someone who actually needed it. And it wasn’t like I was the only person who could do the job — tons of people were suited to it and wanted to do it. They just couldn’t get paid a living wage to do it. So that was pretty depressing. When the economic situation in 2009 started to threaten my financial stability, the paycheck started to become important to me. It wasn’t supposed to matter, but with the portfolio sinking ever farther each day, it did matter. I worked long hours, in mentally exhausting conditions, and really started to wonder WTF I was doing with my life. Things were so much better overall when I was working my old job, even though the work itself was less fulfilling. After a couple years, I went back to tech and was way happier. I have lots of interests outside of my career that provide fulfillment. +The feeling of greed gets so big that i set absurd sell orders and keep putting my sell orders higher because of the greed. HODLing can be hard but imo taking profits is way higher. When i was up 7 times on my vechain i didn't sell anything so now im "only" up 3 times. Whenever i get close to taking profits i always set new orders, did the same thing in 2018 and never sold any crypto in my life.. could have made so much more. And that's why i think taking profits(even if you Just did a 100% gain) are hard as hell. Hopefully i Will learn from these mistakes +Hope this is allowed. someone messaged me following post here the other day with a fairly elaborate Ponzi scheme/scam offer. + +He's apparently specifically lurking in UKPF looking for marks, his opener was "I saw your post in UKPF..." + +The guy was offering me a "cloud crypto mining" opportunity costing $2999 USD with estimated profits of £7500 every two weeks! + +Based in the UK, website had a UK phone number but all prices in USD on their website. Ironically he tried to claim they were under UK tax law but wouldn't provide a registered address in the UK 😂 just in Estonia + +At the very least cloud mining is often a Ponzi scheme. But often it's an out and out scam + +Just remember if it sounds too good to be true, it probably is! Please be vigilant my friends + +Anyone know how I can go about reporting this in the UK? +Like if they slip and fall or something to that effect. Landlord insurance would mitigate the risk, as would making an llc. But it is an unpleasant risk nonetheless. +Hey Guys, + +Wanted to hear your thoughts on my first ever property investment. Australia so money might be different to what you're used to. Buying a 4x2 house for 280K only 10 minutes out from the city (seemingly under market price for the area). +Currently tenanted at $380 per week while mortgage costs me $230 a week. Bringing council rates, water rates, landlord+building insurance, property manager costs and interest on the loan into the mix I am still net positive about $6500 per year. I understand the risks around time it could be untenanted, but I feel that $6500 is a healthy buffer. Over time the interest will go down and hopefully rent prices will go up. Location seems good, no reason that I can see for the suburb to underperform at all. + +I work a well paying job so cashflow isnt much of a problem. It seems too good to be true, is there anything I havent accounted for? Our offer has been approved and we are waiting for finance approval to come back. In a few weeks the house will be ours. It all just seems too simple, what am I missing? + +Bonus info: we were there at the very first house viewing and put our offer in the very next day. Current owner needs to sell because he has other investment opportunity that he needs the cash for quickly (allegedly). This house was on the market for only a couple days before we put our offer in. +The United Nations Security Council convened an emergency meeting Wednesday night as Russian President Vladimir Putin, in an early morning address local time, said he would launch a military operation in eastern Ukraine. + +Earlier, European and U.S. officials scrambled to penalize Russia on Wednesday, responding to its deployments of troops to eastern Ukraine with a cascade of economic sanctions. + +As concerns grew that Russian aggression would escalate, Ukraine warned its citizens to avoid traveling to Russia and to leave the country immediately if they are already there. The move came after Russian President Vladimir Putin said Wednesday that Moscow is “always open” to diplomacy, days after ordering troops into eastern Ukraine and recognizing the independence of two self-declared republics in the region. + +The European Union was set to hold an emergency emergency meeting on Thursday, and was reportedly considering another round of sanctions on Russian individuals. Officials from the United Kingdom and United States also announced or threatened more retaliatory measures after they unveiled initial tranches this week. + +Russian President Vladimir Putin said in a public address that aired early Thursday morning in Moscow that he had authorized a military operation in Ukraine. + +The announcement was broadcast shortly after 5:30 a.m. local time, precisely at the same time as the United Nations Security Council was meeting in New York, and member state representatives were openly pleading with Putin not to attack. + LONDON — A Dutch court on Wednesday ruled oil giant [Royal Dutch Shell](https://www.cnbc.com/quotes/RDS.A) must reduce its carbon emissions by 45% by 2030 from 2019 levels. + +That’s a much higher reduction than the company’s current aim of lowering its emissions by 20% by 2030. + +Shell’s current [climate strategy](https://www.shell.com/energy-and-innovation/the-energy-future/our-climate-target/_jcr_content/par/relatedtopics.stream/1621314462494/d53de79d4e951642456e928cdfd18b0a1867cf4d/our-climate-target.pdf) states that the company is aiming to become a net-zero emissions business by 2050, with the company setting a target of cutting its CO2 emissions by 45% by 2035. + +CNBC contacted Shell to request a comment on the ruling. + +Shares of Shell were trading 0.3% lower in London. The stock price is up almost 10% year-to-date, having tumbled nearly 40% in 2020. + +The lawsuit was filed in April 2019 by seven activist groups — including Friends of the Earth and Greenpeace — on behalf of 17,200 Dutch citizens. Court summons claimed [Shell](https://www.cnbc.com/quotes/RDSA-GB)’s business model “is endangering human rights and lives” by posing a threat to the goals laid out in the Paris Agreement. + +Under the Paris Agreement — a landmark deal adopted in 2015 and signed by 195 countries — nations agreed to a framework to prevent global temperatures from rising by any more than 2 degrees Celsius, although the accord aims to prevent global temperature rises exceeding 1.5 degrees Celsius. + +At Shell’s annual general meeting last week, shareholders [voted overwhelmingly in favor](https://www.cnbc.com/2021/05/18/shell-secures-backing-for-climate-strategy-but-growing-minority-rebel.html) of the company’s energy transition plans — but, crucially, a growing minority rejected the strategy, insisting the oil giant needed to do much more in the fight against climate change. + +Activist investor Follow This said at the time that the result was likely to mean Shell would have to revise its climate targets once again. + +According to Reuters, the case is the first in which activists have taken a major energy firm to court to compel it to overhaul its climate strategy. + +When the lawsuit was filed, a lawyer acting on behalf of environmental groups said the case would “raise the pressure” on other fossil fuel companies. + +[https://www.cnbc.com/2021/05/26/dutch-court-rules-oil-giant-shell-must-cut-carbon-emissions-by-45percent-by-2030-in-landmark-case.html](https://www.cnbc.com/2021/05/26/dutch-court-rules-oil-giant-shell-must-cut-carbon-emissions-by-45percent-by-2030-in-landmark-case.html) +I've dabbled in several things during my trading journey, the most recent being SMC. It seems to be the most hated methodology in this community and a few others. Admittedly, it took me a long time to grasp the concepts and at one point I gave up on it entirely thinking it was nonsense and not profitable. However, after being exposed to other styles of trading, ICT's "nonsense" started to click and I've been catching 6RR to 20RR trades every other day using it. I've attached an actual trade that was taken yesterday to prove the point. + +So is the hate geared towards ICT himself or is it a matter of us just not grasping the concepts? I understand that a lot of these concepts are "repackaged", but even so why are the traders themselves then being bashed on here for using them? + +https://preview.redd.it/739xm09ww7x81.jpg?width=1221&format=pjpg&auto=webp&s=fd0ef23a7250999a1926743a20033601dc59fe46 +I've dabbled in several things during my trading journey, the most recent being SMC. It seems to be the most hated methodology in this community and a few others. Admittedly, it took me a long time to grasp the concepts and at one point I gave up on it entirely thinking it was nonsense and not profitable. However, after being exposed to other styles of trading, ICT's "nonsense" started to click and I've been catching 6RR to 20RR trades every other day using it. I've attached an actual trade that was taken yesterday to prove the point. + +So is the hate geared towards ICT himself or is it a matter of us just not grasping the concepts? I understand that a lot of these concepts are "repackaged", but even so why are the traders themselves then being bashed on here for using them? + +https://preview.redd.it/739xm09ww7x81.jpg?width=1221&format=pjpg&auto=webp&s=fd0ef23a7250999a1926743a20033601dc59fe46 +Hey everyone! I've been day trading the E-mini with somewhat success. Still doesn't feel good. I've been practicing for the past 7 months (backtesting 15hours a day with new strategies) and still having troubles turning a real decent profit. Does anybody have any suggestions? + + Stock options, forex or futures? + +What are the main reasons you guys do to become profitable? + +ANY help would be appreciated immensely. Once I become a millionaire, Ill give you a bonus for a life changing advice hahahaha + +Again, I appreciate ANY help! I really want this to work and will never give up! +Don’t get me wrong, I’m just presenting different perspectives. I mean people investing in crypto a project without knowing if it’s legit or a scam? And please, don’t tell me that they’re free to spend their money however they want. + +Take also for example NFTs that made a shock to the society especially after selling ape pictures for 300k$. This got everyone interested to rush towards NFTs as a source of investment and profit, but now statistics prove that this interest has been declining lately. Is it because they found it’s not that easy? + +While everyone is eager for money, I look forward to practical implications, hoping that NFTs being random pictures will have a beneficial role such as keeping documents safe, or promising real value to owners, even improving ticketing, and contributing in many other good benefits. Same as for cryptocurrencies, instead of just being an ecosystem of investments, be a world of change and exchange. + +So I personally, believe in projects that generate utility, that have a solid community of people being built around similar interests, that have roadmaps and white papers explaining their future importance and contributions. + +Polygon Matic is my favorite example, as I’m a massive believer in Polygon’s aim and vision. The amount of growth we’ve seen since 2021 is further proof, and yet the team doesn’t fail to surprise us with new technology. And now many are waiting, so am I, for the new products that’ll be exploding their ecosystem as they claim. + +Let’s forget a bit about profit, and focus on utility and benefits for us and for everyone around us. +https://www.cnbc.com/2022/02/22/jim-cramers-playbook-for-investing-during-geopolitical-uncertainty.html + +He also said to buy the dip, so who fucking knows?! The world's a crazy place, and even a broken Cramer can be right twice a day. +Not a finance guy, nor very good at maths, so please do point out where I might have gone wrong. + +During recent years the conventional popular wisdom seems to be that it is a bad idea to invest in residential real estate - that is, better to rent rather than buy. + +I ran some numbers and find that this is not necessarily the case in the context of self use properties (with some assumptions). + +**Consider the following illustration:** + +House bought (in Tier 1 City) for INR 1,70,00,000 in January 2020 + +Loan Taken: INR 1,20,00,000 (that is, self funded INR 50,00,000) to be paid over 30 years + +EMI (assuming avg loan rate of 7.5 (its lower now, but averaging out the probable rate): INR 83,906 pm + +Rent in the equivalent house: INR 50,000 + +&#x200B; + +**Amount being paid over and above rent (that is, EMI minus Rent) = INR 33,906** + +**Potential Loss of Return**: that is, if I had invested the INR 50,00,000 in mutual funds and expect a 10% return over 30 years: **INR 8,72,47,011** + +Now on first glance, this seems to support the theory that renting is better than buying, but there are a couple of factors to add here. + +1. YOY Rent increase +2. Tax benefit on EMI payment (capped at INR 4,00,000 at 30% slab) +3. YOY Property value increase + +&#x200B; + +For the next part I'm going to consider that the YOY Rent increase is 5% annual and that the YOY Property value increase is also 5% annual. + +While initially I would get the INR 4,00,000 tax benefit in full, towards the later part of the years this reduces (since interest component also reduces) and therefore considering the benefit to be 30% of 3,00,000 per year. + +&#x200B; + +Factoring these points: + +Effective EMI = 83,906 \* 12 months minus 90,000 (that is, 30% of 3,00,000), that is INR 76406 + +By end of year 9, the rent increased at 5% YOY is greater than Effective EMI. + +To avoid a long table, let me just give a summary of a couple of years. + +&#x200B; + +|Year|Effective EMI|Rent|Difference p.m.|Value after 30 years (assuming invested in 10% return MF)| +|:-|:-|:-|:-|:-| +|1|76,406|50,000|26,406|\-55,29,227 (negative value since this could not be invested)| +|10|76,406|77,566|\-1160 (that is, cheaper to pay emi)|1,03,048 (positive value since the difference was invested for remaining 20 years)| +|30|76,406|2,05,806|\-129400 (that is, cheaper to pay emi)|17,08,090 (positive value since the difference was invested for a year)| + +&#x200B; + +Effectively, duly considering the negative lost value of the amount not invested for the time when Effective EMI was greater than Rent and the positive value of the excess amounts invested when rent was more than Effective EMI, we end up with a sum of **INR 73,80,510** gain on the 31st year. + +Furthermore, calculating the YOY increase in property prices, then the value of the property on the 31st year would be **INR 7,34,73,020**. + +&#x200B; + +Assume you sell the house in the 31st year, then Total Earning = **INR 7,34,73,020 + INR 73,80,510** + +Less money notionally lost on the 50L not invested: **INR 8,72,47,011 - INR 80,853,531 = - 63,93,480** + +**So effectively, you lose 63 Lakhs after a period of 30 years. Which honestly isn't that bad and can almost be considered to be a break even investment decision (even when compared against just investing in MF).** + +&#x200B; + +If however, the YOY increase in either the rent or the property value is more than 5%, then this number becomes positive and **could even be a 22% CAGR if both YOY is 10%**, which is actually a brilliant return. + +&#x200B; + +**Housekeeping notes:** + +*Things not considered:* + +Property taxes (which is not that much) + +Maintenance (which could be quite a bit, but honestly anyone who has long term rented knows that Indian landlords don't really do any maintenance. its almost always the renter who ends up getting things done and hoping (because its not always the case) they can reduce it from the rent). + +&#x200B; + +*Things considered but pros/cons can flip either side:* + +Liquidity - I've assumed that the house purchase is happening when there is adequate liquidity otherwise available (that is, the EMI is less than 30% of your monthly income) + +Mobility - true, but can be countered by advantages of being your own landlord + +Stamp Duty - usually paid by buyer + +Mutual Fund return at 10% - it is likely to be higher, but a balanced conservative splits return is being considered. + +&#x200B; + +*Premise*: + +I was talking about a house in this case and not a flat. Therefore when I'm talking about YOY increase in property value, I'm considering the value of the underlying land. + +&#x200B; + +If my calculations are right, buying your own house is not necessarily a bad investment decision. Like all investment decisions, you do need a few factors going your way, but it is not a slam dunk NO WAY kind of investment. + +&#x200B; + +Would love to hear everyone's thoughts. +I'm planning to FIRE soon, and was looking at a "golden visa" that gives me permanent residency in Europe. It requires a €1M Euro-denominated investment that I'd make in early 2023. With the Euro and USD at parity for the first time in 20 years (!), I'm thinking about locking in the exchange rate now. + +I'm a total newbie to FX, and could definitely use expert advice. This [Investopedia article](https://www.investopedia.com/articles/forex/051415/how-lock-exchange-rate.asp) is the extent of my current knowledge on the subject. + +\- Do I just buy €1M now? If so, who should I buy from? (There's the obvious risk that the Euro continues to weaken over the next 6 months, and I'd be better off just waiting.) + +\- Do I use some sort of derivative like a future or option? (Again, I'm an FX newbie, so that feels risky to me.) + +Many thanks! +Longtime lurker, first-time poster, so here goes. + +I'm a 27yo on the early-ish part of my FatFIRE journey. Net worth is $366K split 60-40 between brokerage and 401ks (including today's massacre). We have no debt and no owned real estate. I'm in private equity, she's in biotech and we are earning \~$400K cash, she has a solid stock comp package and my bonus has significant upside (and downside). Fiancee and I live in a HCOL area, so our savings rate is about 45% of take-home pay. + +I feel like we are currently solidly on the path to FatFIRE... but with around 15 years to go until my target of around $150-200K of 3.5% rule FIRE income. At this point so much depends on how the market does, how our pay changes (hopefully increases!), our ability to continue saving at a high rate once we settle down and have kids, and a million other factors. My question is how do folks out there think about this? + +Since I'm in finance I am an excel junkie and I have probably modeled out a hundred different outcomes, but depending on the variables see a 10 year swing between when I reach FI . Anyone have any guidance other than just doing our best to stay the course? + +Cheers! +There is a great documentary series on Netflix right now about the 2000s. The episode I'm talking about is Season1 episode 6. It is about the financial crisis and the events leading up to it and the immediate aftermath. + +I think it is especially useful for younger folks on here who started investing in the last decade. It was probably easy to hold and continue to buy over the minor dip we had late last year. But a 2008 level event is a different story. Shit got real. + +I will add though, my bigger fear for the kind of investing we preach here at r/FI is a Japan style flattening of the economy for a couple of decades or so. But none of us know which nightmare scenario might come to pass. Keeping expenses down will help no matter what. + +edit: The name of the documentary is literally 'The 2000s' +&#x200B; + +As we all know, the Dodd–Frank Act is a federal law that was enacted in 2010. The law overhauled financial regulation in the aftermath of the Great Recession. The Act also created a new agency, the Financial Stability Oversight Council (FSOC). + +The FSOC, chaired by the Secretary of the Treasury, *brings together the expertise of the federal financial regulators, an independent insurance expert appointed by the President, and state regulators. The Council has a clear statutory mandate that provides new accountability to Congress and the American people by identifying emerging threats to financial stability and to coordinate regulatory actions to address them. The Council has important new authorities to constrain excessive risk in the financial system.* + +The Council is made up of 10 voting members and 5 nonvoting members. + 7 of the 10 voting members were in attendance at today’s meeting with Biden: + +1) Janet Yellen, the [Secretary of the Treasury](https://home.treasury.gov/about/general-information/officials/janet-yellen) who serves as the Chairperson of the Council; she’s a former **Fed** boss and replaced Bernanke, who’s been an employee of Citadel since 2016. She also happens to have received speaking fees from Citadel, Goldman Sachs, Barclays, and UBS during 2019 and 2020. She acknowledges receiving speaking fees from Wall Street banks in 2018 but doesn’t say how much those fees amounted to. Yellen has been dubbed the most powerful woman in the world. + +2) Jerome Powell, [the Chairman of the Board of Governors of the Federal Reserve System](https://www.federalreserve.gov/aboutthefed/bios/board/powell.htm). The **Fed** chief. Powell spent decades managing banks and private equity firms. *In November 2020, as markets reached record valuations – despite a weak economy, divided Congress, and trade wars –* [*Bloomberg*](https://en.wikipedia.org/wiki/Bloomberg_L.P.) *called Powell "Wall Street's Head of State", as a reflection of how dominant Powell's actions were on asset prices, and how profitable his actions were for Wall Street. Powell's close associations with shady figures such as Jamie Dimon (CEO of JPMorgan Chase and 5-time felon) have been criticized by congresswoman Katie Porter, who exposed how the Fed chiefs of past and present have used their position to pay off the big banks' debts using taxpayer money, and to make sure their interests were never in jeopardy.* Representing JPMorgan Chase as outside counsel in the matter were lawyers from Kirkland & Ellis (the law firm with which Trump’s former Attorney General William Barr was associated before coming to the Justice Department) and lawyers from Sullivan & Cromwell, where Trump’s former SEC Chairman Jay Clayton was a partner before taking the lead at the SEC. + +3) Michael J Hsu, [the Comptroller of the Currency (OCC);](https://www.occ.treas.gov/about/who-we-are/leadership/index-leadership.html) (the administrator of the federal banking system) “*We ensure that the banks we supervise operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations*”. The OCC operates under the Treasury Dept. Yellen picked Hsu, a low-level employee at the Fed, to serve as Acting Comptroller of the Currency. The OCC oversees the most dangerous megabanks on Wall Street and reports on their hundreds of *trillions* of dollars in derivative trades. Hsu quickly turned around and appointed Benjamin McDonough as the OCC’s Senior Deputy Comptroller and Chief Counsel. Where had McDonough come from? the Legal Division of the **Fed**eral Reserve. + +4) Dave Uejio, the acting Director (until Biden’s nominee Rohit Chopra is confirmed by the Senate) of the [Bureau of Consumer Financial Protection](https://www.consumerfinance.gov/) (CFPB); This government agency’s job is “*dedicated to protecting consumers from unfair, deceptive, and abusive practices, in the financial* marketplace, through the enforcement of federal consumer financial law”. Uejio began his career for the US government in 2006 at the NIH, then for the Department of Defense, prior to his first role at the CFPB. That is all the info I could find about him online. + +5) Gary Gensler, [the Chairman of the Securities and Exchange Commission (SEC);](https://www.sec.gov/Article/about-commissioners.html) Former investment banker (Goldman Sachs), Chair of the Commodity Futures Trading Commission (CFTC), and former Treasury Dept official. If you are not familiar with the MF Global scandal, read it [here](https://thedig.substack.com/p/gary-gensler-is-not-the-guy). This will make you doubt that Gensler is the tough regulator he’s portrayed to be. Another reason to doubt Gensler’s willingness to do anything of substance at the SEC: He picked Alex Oh as head of Enforcement. Oh worked for 2 decades as an attorney for Paul, Weiss, Rifkind, Wharton & Garrison, the law firm that major Wall Street banks (Citigroup, Deutsche bank, etc) repeatedly choose to fight their serial fraud charges. Brad Karp is the Chairman of Paul Weiss. He has donated millions and lobbied for years to make sure the government doesn’t appoint regulators and prosecutors who will bring his corporate clients to heel. If you’re not sick to your stomach that Wall Street’s top watchdog has been a completely captured regulator under both Democrat and Republican administrations for decades, then you’re simply not paying attention. Btw, the SEC still has not designated a Director of Enforcement. The current "Acting" director, Melissa Hodgman, is the wife of former FBI agent Peter Strzok, who led the investigation into Hillary Clinton's use of a personal email server. + +6) Jelena McWilliams, [the Chairperson of the Federal Deposit Insurance Corporation (FDIC);](https://www.fdic.gov/about/learn/board/mcwilliams/) “*An independent agency created by Congress to maintain stability and public confidence in the nation's financial system. To accomplish this mission, the FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection*”. McWilliams has a law degree. She worked for private firms, then for the **Fed**. McWilliams worked in the United States Senate for six years, first as assistant chief counsel for the Small Business and Entrepreneurship Committee and then as chief counsel and deputy staff director for the Committee on Banking, Housing and Urban Affairs. At the banking committee, McWilliams worked with chairpersons Senator Richard Shelby (R, Alabama) and Senator Mike Crapo (R, Idaho) on, among other issues, the implementation of and *efforts to rework or repeal the 2010* [*Dodd-Frank*](https://en.wikipedia.org/wiki/Dodd-Frank) *banking-regulation reform act.* It sounds like a conflict of interest, doesn’t it? Working to repeal Dodd-Frank and then becoming a voting member of the Financial Stability Oversight Council, which was created by Dodd-Frank to regulate banks. + +7) Rostin Behnam, the “Acting” [Chair of the Commodity Futures Trading Commission (CFTC);](https://www.cftc.gov/About/Commissioners/RostinBehnam/index.htm) According to his profile on the CFTC website; “*Behnam advocated for the CFTC to use its authority and expertise to ensure the derivatives markets operate transparently and fairly for participants and customers”.* Given the CFTC’s importance, it’s puzzling that President Biden has yet to nominate a chair. The Commodity Futures Trading Commission has been without a permanent chair since President Joe Biden took office in January. “Acting” leadership positions are not sufficient. Since Biden took office, the acting CFTC chair and the acting director of enforcement have made few public statements to indicate the direction the CFTC will take in the new administration. The CFTC also has a number of unfilled positions in senior leadership, including director of the Enforcement Division and general counsel. There have been no statements about CFTC’s enforcement priorities or what the markets can expect. So here is a powerful market watchdog with no dogs to watch the market!! + +TL;DR: The government, its regulatory agencies, and especially the Federal Reserve, have been allowing Wall Street criminal behavior to continue due to conflicts of interest and greed. GME has exposed how financial institutions manipulate the markets through naked short selling, dark pools, swaps, and other types of fraudulent activities. Retail investors can change the status quo by buying and holding GME shares until the SHFs are forced to cover. +It's $5.99 a month if you have that proof. + +That's pretty cool for them to do that. So many businesses typically soak the poor for every dime they can get. + +I know - even $6 a month can be too much sometimes. +November marks my 25th anniversary working towards financial independence. I hope others might benefit from the observations I gathered over an extended timeframe of perseverance. + +I began adulthood with severe anxiety regarding finances. + +I developed FIRE-type thinking before FIRE was a commonly understood philosophy. My thinking developed through personal experiences and later through forums such as these. FIRE thinking helped me to overcome an unhealthy fear of becoming destitute while accelerating other life goals that have brought peace, contentment, and happiness to everyday life. + +This article documents that journey as a means to give back to a community which has given much to me. I hope it is informative, supportive, and motivating for everyone on their own journey. I will answer questions and offer additional perspective in the comments where possible. + +This is a throw away account and certain milestones have been obfuscated to create some semblance of privacy and anonymity, though all financial figures quoted are accurate. + +**Outline** + +1. About Me +2. My FI Philosophy +3. Milestones +4. My Investment Philosophy +5. My Expense Pattern +6. My Evolving View Of FI +7. Lessons & Observations + +**About Me** + +I achieved FI in 2017. I have no plans to RE. + +I am mid-40s living in a HCOL area. Married with no kids as we prefer partying over parenting. + +I grew up in upper lower class economic conditions around military bases. My parents struggled to save money outside of any retirement benefits afforded from their jobs. Frequently being unable to have the trips, food, clothes, and toys that the “other” kids had formed an indelible mark. There have been periods where I have had significant anxiety regarding financial safety. + +I work in tech. My wife is an overworked, underpaid social worker. + +My career began as a deeply indebted student and after graduation included jobs in training, engineering, product, executive leadership, startup CEO, investing, and governance. + +I write a well-read technology blog and authored 3 books that are now irrelevant. + +I travel extensively, sometimes for work, sometimes pleasure. I have visited 50 countries. I have a pilot’s license. I own 2 houses, a plane, 2 cars, and a boat. + +**My FI Philosophy** + +1. **Live Life Below My Means.** I should always be saving money, regardless of what my income level is. As long as I earn a W2 income from a job, my monthly expenses should be (on average) at least 50% below the average after-tax income. This also means that it’s OK to increase my spend on quality of life as my means has increased, though it wasn’t until my 30s before I practiced this without stress. As you'll see, having this policy is easier to state than to always follow. +2. **FI Definition.** Because of my youthful anxiety towards money, difficulty in determining what a viable number of years “in retirement” might be, and debates as to what constitutes a Safe Withdrawal Rate (SWR), I chose to shape a personal definition. For me, FI is the ability to generate enough income from non-W2 activities such that my annual rate of expenses is covered. Income generation can happen from rents, selling volatility, interest, or dividends. In other words, FI is when my net worth continues to grow with or without traditional W2 income. This philosophy may change one day – either because the net worth pool is large or the expected number of years before death materially shrinks. +3. **Eliminate Debt, Even If It Is An Economic Mistake.** After having bought and sold five different homes, I came to realize that the mental stress of having debt outweighed its economic benefits. Starting sometime around 2018, I decided to eliminate all possible debt, even 2% mortgage debt. While the arbitrage of investment results would have yielded a better overall economic outcome by keeping the debt, that financial gain could never be large enough to compensate for the anxiety-neutralizing-feeling of being “debt free”. Whatever I owned was owned by me alone, and in the unlikely event I were to become unemployed or without income, the future of those assets was solely in my control and not in conjunction with a bank. I execute this policy on life assets, such as my primary home and automobile, and toy assets, such as my plane. This, of course, requires a person to have enough assets to cover the debt, and it took me 15 years to achieve this threshold. +4. **Invest To Beat The Market.** If I am willing to devote more energy and research time than others (at the cost of fun, family time, etc), then I should be able to make smarter decisions that yield higher results. Split investments into those things which are liquid vs. illiquid. Try to keep most of my available cash in liquid investments. I prefer (and try) to earn equity in illiquid investments through time-based contributions, sweat equity, carried interest, or as a job benefit. This doesn’t always happen, and I have had to outlay cash for angel investments, as a limited partner in a VC fund, and stock purchases for companies I’ve run. Never let others manage our money as they lack incentives to behave as an owner. As you’ll see, lacking this wisdom once cost me $3M in my early career. + +**Milestones** + +|**Year**|**Net Worth**|**Addl Illiquid Assets**|**W2 Income**|**Material Events**| +|:-|:-|:-|:-|:-| +|1997|\-$95,685|$-|$14,110|Pizza Delivery| +|1998|\-$88,299|$-|$25,906|Graduate Univ.| +|1999|$25,612|$-|$104,155|Footnote #1| +|2000|$88,843|$2,700,954|$125,543|Emp. Equity! :-)| +|2001|$247,777|$800,056|$232,223|Dotcom Bust| +|2002|$294,994|$-|$144,987|Footnote #2 :-(| +|2003|$336,523|$-|$283,847|First Home Buy| +|2004|$384,258|$-|$207,411|Sold 1st Startup| +|2005|$436,189|$15,000|$138,845|1st Angel Investment| +|2006|$558,473|$15,000|$191,384|2nd Home Buy| +|2007|$614,038|$15,000|$204,448|3rd Home Buy| +|2008|$545,783|$15,000|$231,926|| +|2009|$638,926|$15,000|$233,656|Footnote #3 :-(| +|2010|$1,009,650|$25,000|$427,404|| +|2011|$1,333,754|$100,000|$384,681|Started 2nd Startup| +|2012|$1,637,200|$104,000|$89,187|Became VC Scout| +|2013|$1,966,303|$407,703|$255,000|| +|2014|$1,777,266|$1,360,905|$230,000|Sold 1st Angel Investment!| +|2015|$2,313,846|$5,786,086|$243,750|1st VC Distribution :-)| +|2016|$2,638,612|$5,210,121|$368,622|Startup Profitable :-)| +|2017|$6,422,053|$6,162,527|$802,590|Startup Acquired :-)| +|2018|$6,514,291|$7,805,654|$452,129|Paid Off Mortgages| +|2019|$8,202,434|$9,895,887|$561,954|3rd CEO Gig| +|2020|$8,079,164|$6,466,506|$801,151|| +|2021|$7,414,909|$10,658,321|$998,761|Footnote #4 :-(| +|2022|$10,318,719|$9,457,050|$1,065,001|Strong Investment Returns| + +Definitions: + +* Net Worth: The value of all assets where I maintain liquidation control less all known or anticipated liabilities. The assets include fixed assets like my home, plane, and automobiles. While they are illiquid, the choice to effect a sale is within my control. The assets also include the net liquidating value of trading accounts, deferred compensation, 401K, IRAs, and checking accounts. The liabilities include any outstanding debts including mortgages and credit along with any future anticipated taxes that would be due from liquidating 401K, IRA or deferred compensation accounts. +* Additional Illiquid Assets: This is the mark-to-market (ie, my personal best guess) for the carrying value of additional assets for which I am entitled, but for which I have little control as to when or how they may become liquid. These include angel investments, the value of my shares of VC funds for which I am a limited partner, and carried interest for investments that were sourced as a VC scout. This value does not exclude anticipated taxes which is hard to calculate since some taxes are paid in advance of receiving distributions. It’s possible that the tax burden on the remaining distributions could be <20%. It’s possible that all these assets become worthless, but unlikely, as the $9.4M carrying value is spread across more than 3 dozen businesses and about half of those have already been sold or already profitable. +* W2 Income: The income received by my wife and I from our W2 jobs. + +Footnotes: + +1. I had an amazing thing happen about 18 months after university. I was working as a grunt in a consulting firm that had some acquisition interest from a large publicly traded company who was making aggressive moves into an area of technology where I had been tasked. The acquisition was moving fast and the firm needed to produce certain deliverables in a week that would normally require months. I stepped up and found a way to deliver the assets. The consultancy got acquired for what was a great outcome for the founder. Without expectation, he surprised me one day and offered to pay off my remaining $80K in student loans. I was hired by the acquiring company as a domain specialist and they doubled my income to $70K. The feeling can only be described as elation followed by a long cry. It was a powerful lesson in what the value of hard, dedicated work can bring. +2. The dotcom boom and bust was another high and low time. The company that acquired me gave a nice pool of options. In the matter of a year, those options were worth nearly $4M at one point. It was intoxicating to watch the value increase nearly every day as the Nasdaq skyrocketed. I had cashed out some of the options when they were available, but most I did not. To make matters worse, I decided to exercise and hold a good chunk of the options which means that taxes were due on the paper profits. I ended up selling a bunch of options to pay those taxes to the tune of nearly $400K. At the time I was unaware of steps that I could take to protect the value of the options that were unvested or that insurance was available which could lock in their value. If I had known that I could spend 10-15% of the value of the options to lock in their value, I would have done it. But I was young and naïve and believing that stocks only go up. The company I was in had a public high of $98 and by the time the dotcom crash had settled they were down to $4. I was able to sell some of the options and netted a profit of around $300K and the government got to hold onto that $400K in early tax payments. It wouldn’t be until the financial crash in 2009 where I could finally reclaim most of these early tax payments to use as a deduction against income (see the next footnote). +3. The financial crisis of 2008-2010 was a difficult time. I was sitting on three homes, had overpaid for the last home, and had mortgages on all three. When the housing crisis kicked in, I was nearly $750K under water across the three properties. You’ll note that my net worth somehow increased. I saved my bacon through research and a little help from the government. Turns out that if you can get a valid short sale offer in California then the bank will eat the losses on the underwater part of the mortgage. And further, Congress passed a law in 2008 or 2009 that allowed taxpayers to write off the loss for up to two years (the $750K mortgage write off is normally taxed as income). It effectively allowed me to sell two of the homes, walk away from the mortgages, and not owe any taxes. This turned into one boost to my net worth as I was starting to carry the losses against the net worth. The consequence was a massive hit to my credit which lasted 7 years. I had no plans to open new credit cards in that time frame, so felt like a good compromise. The other boost to the net worth was the final reconciliation of what happened in Footnote 2, where Congress allowed taxpayers to take any pre-paid taxes from previous years and to deduct 50% of what’s remaining each of the next two years. This dramatically reduced the income on which I owed taxes, gave me a huge refund for two years, and then boosted the net worth. +4. While the stock market had one of its best years in a decade in 2021, it was one of my worst trading years at -21%. For reasons that will be described in future sections, most of my trading for IRAs and trading accounts (\~85% of my liquid assets), are traded by selling volatility which is somewhat anti-correlated to buy-and-hold. Strong, unrelenting bull markets that have no price relief are difficult for this style of trading to do well and, thus, the performance hit. In spite of this negative performance, the year was a positive net worth year because of distributions from VC funds, the surprise sale of two angel investments, and a small secondary event (the opportunity to sell a portion of my equity) from the company for which I currently run. + +**My Investment Philosophy** + +Here are the cumulative returns across my investment accounts, 401K, and IRAs. These are all investments where I personally direct and control the nature of how the funds should be deployed. + +|Year|Return|Material Events| +|:-|:-|:-| +|1997|0%|| +|1998|0%|| +|1999|17.8%|401k| +|2000|9.5%|| +|2001|(5.9%)|| +|2002|1.4%|| +|2003|7.8%|Open first trading account| +|2004|5.9%|| +|2005|16.2%|Hired money manager| +|2006|12.9%|| +|2007|14.2%|| +|2008|(32.1%)|Fired money manager| +|2009|31.1%|| +|2010|2.1%|| +|2011|12.9%|Started volatility selling| +|2012|24.39%|\>80% of investable assets now in volatility selling| +|2013|3.93%|| +|2014|(8.3%)|| +|2015|57.5%|| +|2016|24.04%|| +|2017|(.6%)|| +|2018|(.1%)|| +|2019|32.7%|| +|2020|(2.8%)|| +|2021|(31.3%)|Horrible year for volatility selling| +|2022|62.9%|Great year for volatility selling| + +My investment philosophy has shifted over 25 years. My current approach, which was enacted in its fullest amount in 2012, involves: + +1. **401K.** Maximize my participation and get any employer match. These funds go into a fairly conservative 2030 fund which is mostly bonds a little bit of stocks. This currently accounts for 8% of my liquid investable net worth. +2. **IRA.** Whenever I leave one job, I immediately rollover any 401K funds into a non-ROTH IRA. This accounts for 22% of my investable funds. The IRA trades by selling volatility through iron condors against broad-based indexes like NDX or SPX. +3. **Cash.** I rotate my checking and emergency cash by investing into tbills, treasuries, and ibonds through Treasury Direct. This has yielded 0.2% to 5% depending upon how interest rates are fluctuating. I mostly do 8 week short term rollovers. It slows in the winter to make any cash needed for taxes available. This equates to 9% of my liquid investable assets. +4. **Brokerage.** This is all of my other investable liquid assets. The brokerage trades by selling volatility through naked leveraged strangles in a portfolio margin account. This was a strategy that I developed a long time ago after spending dozens of weekends reading and learning about options. Selling volatility isn’t for the faint of heart, but if managed well you can reliably return 16% / year while assuming above average, but not “destroy you” risk. Over the years, I have tried to ‘tweak’ how I sell volatility to boost the returns and this generally has backfired. In 2020 during the down turn I decided to alter the approach in a way which would penalize me if the market were to climb aggressively. And, well, that is what it did for 18 months and I took it on the chin. Selling volatility is very good in soft down and flat markets, such as what we are experiencing in 2022. And, thus, it’s been a spectacular year of returns. While there are no guarantees of the future, I expect to moderate how volatility is sold so that I can more reliably return 15% / year with fewer massive up / down years: ie, lower returns with lower results volatility. + +If you have done the math, I have 83% of my investable liquid assets in volatility, which is leveraged, and higher risk. It’s also generally anti-correlated to the stock market. In years that the market does well, volatility will not do as well. Why? A few reasons: a) My job and illiquid assets are heavily correlated to how the NASDAQ will perform with many factors beyond my control, b) volatility is a form of anti-correlation to most of my assets creating a blended return which (over time) adds to a combined net worth, c) I am a horrible public markets stock picker; almost every buy-and-hold bet I make doesn’t yield good results; selling volatility is an approach that allows me to not have to make a judgement on fair value or price of the index; therefore it is programmatic in what is needed rather than having to endlessly study 1000s of public market companies to make investment bets. + +If 30-year treasuries ever breach 10% again like in the 70s, I will put everything I have into them and call it a day. No need to deal with selling volatility if that scenario plays out. Yes, inflation would be monstrous in that scenario, but it would be nice to know that a 10% rate of return is guaranteed for 30 years. And chances are the value of those debt instruments will increase over that time frame yielding a total return higher than 10%. + +As mentioned previously, even if my expectation for selling volatility is 18% / year on average, then it would economically make sense to have a mortgage or HELOC on my properties, especially when their interest rate was <2%. The arbitrage on a $1M mortgage is over 15% / year and that is before you factor the mortgage interest tax deduction. In my 20s and 30s, this would have been a must-do imperative. Unfortunately, it took me 20 years to realize that the financial gain from the arbitrage doesn’t cover the mental stress of having debt with a creditor who takes a senior lien position. + +**My Expense Pattern** + +I’ve tried to structure my “run rate” expenses to comfortable sit below my after tax W2 income. Investment gains and other assets generally should not be sourced for funding the normal lifestyle of which I live. My wife and I are generally minimalists, though for the few things we own or experience, we are comfortable in purchasing a premium product or experience. This especially includes vacations, for which we will attempt to do one 4 week trip every few years, and a number of 5 day and 8 day trips each year. + +I consider my “run rate” expenses to include mortgages, insurance, food, fuel, utilities, vacations, furniture, electronics, medical bills, clothes, jewelry. Generally, anything that we need to spend money on that isn’t considered an investment or necessary for us to live. + +To better reflect the spending patterns, I am excluding any lump sum payments such as a down payment made for a mortgage. The reverse is also true, excluding any lump sum payment received when selling a home. + +My historical tax rate has been \~32% across federal and state taxes after netting out any credits and deductions. I’ve been generally tax inefficient during my income years as I’ve always seen that the steps necessary to lower the tax rate meaningfully were too much of an inconvenience to warrant the potential gains. I expect our effective tax rate to inch towards 38% in the coming years. + +&#x200B; + +|Year|Expenses|% W2 Income|Comments| +|:-|:-|:-|:-| +|1997|$12,555|89%|College years| +|1998|$22,194|86%|| +|1999|$42,904|41%|| +|2000|$47,777|38%|| +|2001|$41,150|18%|| +|2002|$55,208|38%|| +|2003|$106,086|37%|Mortgages add up| +|2004|$139,899|67%|| +|2005|$84,790|61%|| +|2006|$72,874|38%|| +|2007|$106,163|52%|| +|2008|$118,023|51%|| +|2009|$104,085|45%|| +|2010|$192,593|45%|Expensive vacations| +|2011|$190,074|49%|| +|2012|$168,302|189%|$0 startup salary for 6 months.| +|2013|$180,788|71%|4 intl vacations| +|2014|$155,078|67%|| +|2015|$188,987|78%|| +|2016|$185,309|50%|| +|2017|$201,109|25%|Lifestyle creep| +|2018|$267,725|59%|Pilot training is expensive| +|2019|$204,598|36%|Paid off mortgages| +|2020|$97,512|12%|COVID lock down == little spend| +|2021|$134,398|13%|Paid off plane mortgage| +|2022|$167,189|16%|| + +**My Work History** + +I only consistently made $250K of W2 income starting in 2016. At this time, my net worth was $2.6M with another $5.2M in illiquid assets. Our average income over those previous 16 years was $235K with 8 years making less than $200K. While $200K is a very generous income and above the average of most people, my key point is that the combined net worth of $7.8M is far above the $3.8M in taxable income earned over that same period. + +A persistent, hard working family that chooses to spend below their earnings that intelligently invests their savings is able to build significant worth beyond the limits of what their job provides. + +Like the stock market, my career has its ups and downs. + +Interestingly, it’s marked by a number of short stints interspersed among long stints. I’ve worked in large publicly traded companies and as employee #1 in a startup. In my 25-year working career, the longest period of not having a W2 paying job has been 3 months. + +I have only maintained a single W2 paying job at one time. I am, however, allowed to simultaneously angel invest, be a VC scout, sit on boards, and consult for companies across the tech ecosystem while I perform my primary function as employee. All of these additional activities help to build my portfolio of additional illiquid assets. I am earning sweat equity rather than having to outlay significant cash to build these positions. + +&#x200B; + +|Period|Role|Comments| +|:-|:-|:-| +|1997-2003|Engineer, Tech Expert|Joined 15-person startup, acquired by public company after 12 months, multiple geeky roles at the acquirer.| +|2003-2004|CEO|Ran a 10-person consulting company specializing in geekery. Fire sale acquisition by another consulting company & I was not hired.| +|2004|Product|Joined a hot data startup to run product. Culture fail as the founder was a jerk. Quit after 1 week. This company eventually sold 2 years later for $900M! It would have been a big payday. No regrets, though.| +|2005-2011|Product|Mid-sized, fast growing public company.| +|2011|Product|VP @ very large public company. Reported to famous visionary. Resigned after 3 months (famous person was a jerk). Offered $1M / yr to stay and declined. No regrets, though.| +|2011-2017|CEO|Started tech company. Sold to a large public company. Almost bankrupt 3 times before finding fit, growing revenues, and becoming profitable.| +|2017-2019|GM|Ran $100M business unit that included my startup for the company that acquired us.| +|2019-2022|CEO|Hired as CEO of private company. 500 employees, profitable, setting sights on $100M in revs.| + +**My Evolving View Of Financial Independence** + +While young, my view of financial worth was measured by net worth. “Will I ever be worth 1 MILLION dollars?!?”, as if that number held a magical quality that, if achieved, suddenly made one financially well-off. The day I became a millionaire was anti-climatic other than the entertainment value of seeing two commas on my tracking sheet. And that financial milestone was quickly discarded in favor of achieving the next million because I didn’t feel safe / stable / protected with just having one. And then the next one, and next one after that. + +Net worth is not a good way to quantify your financial independence. + +I’m familiar with the 4% SWR, and it’s always struck me as a challenging measure of whether someone has the financial means to retire early. There are too many challenges: how long do you live, changing macro conditions, unknowns about social safety nets, and so on. But even worse, the 4% SWR is a model where, generally, your net worth is likely to decline over those years depending upon how the investment portfolio performs. + +As a way to deal with this anxiety, I’ve shifted my definition of financial independence to be defined by my ability to continue living my current lifestyle through gains made from investable assets. For 2023, this limited view would generate \~$600K (after netting taxes) for spending against a lifestyle run rate which is effectively $200K. + +Selling volatility has a lot of risk associated since it is leveraged. A financial independence definition that depends upon leveraged risk introduces some peace of mind issues. This is the definition I currently use in order to claim that I am financially independent. + +However, I also track a definition of financial independence that is virtually risk free: FI is when my run rate of life expenses is below the interest that can be earned from buying 30-year treasuries. At 4% yield this would generate \~$190K after taxes. The net after tax payments would benefit from not having state income tax and our family being in a lower average tax bracket. With my life expenses under $200K due to a lack of mortgage, I am currently bumping along on this threshold. Half of my annual expenses are vacations and luxury items (plane maintenance is not cheap) which could easily be eliminated if we decided we wanted to retire early and spend well under the interest generated threshold. + +But we won’t. + +We will probably carry on because we love our work. As our investable assets increase, we will allow lifestyle creep wine, vacations, and hobbies over the coming years. + +**Lessons and Observations** + +1. **Perseverance Yields Results.** Having a long history of steady savings can lead to big outcomes. While the sale of my company did create a boost in my wealth, the benefit of compounding savings over decades has lead to a greater contribution to the overall wealth. I’ve never been one to chase quick profits or fads (crypto, though I do own $2K of Bitcoin), and instead see that the professional and technology skills that I can acquire through self-study and life experiences pay larger dividends than with gambling investments. +2. **Always Have A Project.** Whether it’s becoming an expert in a new technology, learning the nuances of how strategic business development is orchestrated, or earning a pilot’s license, having 2-3 ongoing passion projects creates contentment, builds worldly skills, and opens work / financial opportunities that I was not seeking or aware of. +3. **Culturally Fail Fast.** I’ve been in 4 work scenarios where there was a culture mismatch. Either the people around were unpleasant or there was a limited interest in peers to socially connect. Get out of those situations as fast as possible, within days if necessary. I’ve been fortunate to listen to my inner voice and the longest I was in an unpleasant environment was 9 months. In two of these fail fast scenarios, had I stayed for more than 4 years, I would have earned more than $5M in each scenario. They were economic mistakes but like successes. +4. **Peace Of Mind Matters More Than Profit.** It took me the better part of my young adulthood, but I sleep peacefully by structuring my finances and earnings in such a way where I have the maximal peace of mind given my risk tolerance. The things that eat at me would be consistently having expenses above my income and a financial independence strategy that required my net worth to decline due to withdrawals. +5. **Over Sacrificing Will Sabotage Important Relationships.** Being aggressive in your career and sacrificing time with family, friends, and lovers hasn’t created enough of leapfrog in my FI journey that warrants the cost (often sabotage) that will come to those relationships. I was a relentless worker in my early years. Now I am a wise worker with a structured balance between work and play. +6. **Maintain A War Time Mindset With Investing.** Invest assuming that your worst-case nightmare scenario will happen. With this mindset, every investment has risk mitigations (both in my mindset and structurally). By thinking this way, you will be prepared emotionally and skill wise to act when negative scenarios occur. I used to be apprehensive about selling volatility with reasonable risk. It requires me to do things such as selling naked calls. Most traders hear the oft repeated words, "naked calls have unlimited loss potential!" and immediately run for the hills. I worked for months to avoid ever having a naked call go in the money as that would be the nightmare. Well, one time it happened, they were in the money, and I was frozen. But the nightmare was much worse in my dreams, learned how to trade out of it, and recognized that trading as if everything was always in the money made everything easier to absorb. So that is how I invest and trade - it's war time, nothing will go right, and have a plan for every possible contingency. +*First and foremost I am not a financial advisor nor is this financial advice.* + +*I just like the stock.* + +&#x200B; + +First off I'd like to start by saying this is my first DD. I'm pretty smooth-brained but I have gained some wrinkles since January. I've been in jacked/zen mode for months now. Recently I made a stupid meme and Benzinga shouted me out and SuperStonk and also never called Gamestop a memestock. So my tits have been **through the roof!** And I honestly didn't think anything would happen to unjack them. + +&#x200B; + +[until in this fucking guy walked...ole ready for prom but don't worry I'll follow all the rules lookin' ass.](https://preview.redd.it/jtlsn1a4omm71.png?width=135&format=png&auto=webp&s=edc7af57e1e2942569d5956e7414f8f1397e8f3d) + +So he disses GameStop. And disses it hard and vehemently. Even the anchor was like damn dawg chill your goin' kinda hard right now. But no this guy just keeps going. Going as far as to call the conference call shameful! And has the audacity to act like his reasoning is because retail deserves better (all while he's probably managing a huge short position on GME, (not verified just speculatory at this point)) + +Also his 10$ price evaluation. 10 dollars my ass maybe that's the price they need to get it too to be able to cover and not go insolvent.....but anyways I decided to look him up and went down some rabbit trails. I must say when I found what I found I immediately drove home and opened reddit to start the dd and saw that u/thabat had already posted one and I read the title and was like no fucking way!!! So I read his first and its absolutely excellent. Half of it I read with my jaw literally hanging. But after finishing his dd which is here [https://www.reddit.com/r/Superstonk/comments/plas24/the\_loop\_capital\_magic\_johnson\_credit\_suisse\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/plas24/the_loop_capital_magic_johnson_credit_suisse_and/?utm_source=share&utm_medium=web2x&context=3) there were still a few more things I felt I needed to touch on and if I didn't I'd feel guilty for not sharing what I found. + +So down the paths of rabbits we go... + +&#x200B; + +I google Anthony Chukumba and click on his linked in profile. See that he's a Managing Director/Senior Research Analyst at **Loop Capital Markets.** + +[We all know you don't go to Harvard for the superior education but the superior connections. Which is fine. No qualms with that.](https://preview.redd.it/uavursiylsm71.png?width=783&format=png&auto=webp&s=c71e9dc5fbfb959d63a64ad89e99d90f5fb54029) + +Okay. Next. + +[I see that he used to work for Merrill Lynch for 6 years. I immediately think back to u\/criand The Bigger Short but think nah I guess he quit Merrill long before the market crash so maybe nothing to see here. ](https://preview.redd.it/su9ylxycmsm71.png?width=763&format=png&auto=webp&s=f321143af2f73cf903ff0de45a8cb00aa81d9c79) + +Next. + +&#x200B; + +I google Loop Capital Ownership (cause I'm thinking I bet this is just another name for Shitadel. Which it is but that's not where this trail took me.) + +I clicked on the first link [About Us | Loop Capital](https://www.loopcapital.com/about-us) and I scrolled to the very bottom and saw this interesting piece. + + "Loop Capital® is a registered trademark of Loop Capital Holdings, LLC.  Securities and investment banking services are offered through Loop Capital Markets LLC.  Loop Capital Markets LLC is a registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA), the Municipal Securities Rulemaking Board (MSRB) and the Securities Investor Protection Corporation (SIPC).  **Swap-related services are offered through Loop Capital Strategies, LLC.**  Loop Capital Strategies is an Introducing Broker registered with the Commodity Futures Trading Commission (CFTC) and **member of the National Futures Association (NFA).**" + +&#x200B; + +Swap related services. How vague. Oh well might not be anything might be exactly what I think it is. (Which is that they are responsible for the Equity Total Return Swaps that u/criand was talking about.) + +But I'm too smooth brained and don't fully grasp what that means...so I ignore that and click avove where is says 'Check the background of this firm on FINRA's Broker Check. + + [BrokerCheck - Find a broker, investment or financial advisor (finra.org)](https://brokercheck.finra.org/) + +then I click where it says firm and type in Loop Capital + +&#x200B; + +[lookie there there's JLC Infrastructure just like in u\/thabat dd. But I hadn't read his dd yet and didn't know. So instead I click More Details on LOOP CAPITAL MARKETS LLC](https://preview.redd.it/5bmix3gsymm71.png?width=1296&format=png&auto=webp&s=39ef2431cdf515344101f31f8a188240be3b57e3) + +&#x200B; + +[I thought Chicago...hmmm ](https://preview.redd.it/1k7qqrgtzmm71.png?width=1066&format=png&auto=webp&s=b7c13ec17c05e985710171d85a5d9b761ff35ccc) + +&#x200B; + +[I clicked Detailed Report at the bottom ](https://preview.redd.it/so7wgnb20nm71.png?width=1119&format=png&auto=webp&s=7618818b8ad6636daf937d728a8d50cf03f0a6b9) + + [firm\_43098.pdf (finra.org)](https://files.brokercheck.finra.org/firm/firm_43098.pdf) + +I wish I was able to copy and paste or even web capture certain parts but I can't so instead I will focus on certain pages of this document. + +Page 3 + +[Notice that Loop Capital LLC is the Direct Owner and percentage of Ownership is 75&#37; or more.](https://preview.redd.it/s8jxj0z52nm71.png?width=1366&format=png&auto=webp&s=bb85b81e2bb5bc98ca02a9415c11c190c197a119) + +Page 4 + +[Notice here how as a \*Direct Owner\* Reynolds, James Jr. has less than 5&#37; Ownership.](https://preview.redd.it/m42wksen2nm71.png?width=1366&format=png&auto=webp&s=546bb76fc87bdfab8472c6b0f5130725109a0b5d) + +Page 5 + +[Buttttt....as an \*Indirect Owner\* he has 75&#37; or more Ownership. \(I'd wager more when you add in his less than 5&#37; as an Indirect Owner.\)](https://preview.redd.it/ahf3etob3nm71.png?width=1366&format=png&auto=webp&s=dccc90d35813ca2a4939a7b38cc7ed5983b07416) + +Page 7 + +[\\"A broker-dealer and government securities broker or dealer: Yes\\" Remember that. Also \\"This firm has ceased activity as a government securities broker or dealer: No\\" ](https://preview.redd.it/v5139kdw3nm71.png?width=1366&format=png&auto=webp&s=794066c86a4bc108aaf46c9381a0c81c0b55cbf0) + +Page 9 + +[This firm currently conducts 13 types of {crime}.](https://preview.redd.it/f8wx3x1s4nm71.png?width=1366&format=png&auto=webp&s=1a71cf132adcb43d0815faf6da0c468a2f36be44) + +Page 10 + +[PERSHING LLC remember that name cause it will be important soon enough. Also, remember they entered into a Fully Disclosed Clearing Arrangement with Loop Capital Markets LLC.](https://preview.redd.it/rlcdl81u5nm71.png?width=1366&format=png&auto=webp&s=2416985569322d96bcb189fb6a1f51afcc1e228d) + +Page 11 Okay I'm gonna spend a little more time on this page b/c it seems these businesses that have \****Arrangements\**** with Loop Capital Markets LLC are probably in charge of hiding all Loop Capitals dirty work. I may dig deeper into each company soon enough and update this because it does have my curiosity. + +https://preview.redd.it/q5txopi27nm71.png?width=1366&format=png&auto=webp&s=bd9cd4554deccbf40acc12a94cb2c2c93ae0edb6 + +**R4 Services** "STORES CERTAIN HARD COPY BOOKS AND RECORDS OFF-SITE AT R4 SERVICES." I looked into R4 very very briefly and noticed they offer destruction services as well. Interesting...wonder if they've destroyed important shit for LOOP CAPITAL A.K.A. Shitadel. + +**Iron Mountain** "STORES CERTAIN BACK-UP ELECTRONIC RECORDS WITH IRON MOUNTAIN." Pretty explanatory the service they provide. Briefly checked them out and they are very proud of their shredding services as well. Okay cool. + +**Global Relay Communications INC.** "FOR THE RETENTION OF ELECTRONIC COMMUNICATIONS." Alright so nothing gets in and nothing gets out. Sounds nice. Sounds like the dream team to have really if your up to nefarious business. But who am I and what do I know. + +&#x200B; + +Next... + +Page 11 Continued + +[Here we see PERSHING LLC again listed twice. ](https://preview.redd.it/jn3qor669nm71.png?width=1366&format=png&auto=webp&s=ca4520b536a418fe3f2034922d303a7fa4baeaf1) + +Page 12 + +[and once more. I don't know why PERSHING LLC is listed 3 times cause it all looks the same to me. ](https://preview.redd.it/132dbpb89nm71.png?width=1366&format=png&auto=webp&s=bc60bbb95b6b7ad0d8f9f04c9fac934b0b58e3d2) + +Except for these sentences. + +**This firm does have accounts, funds or securities maintained by a third party.** + +**This firm does have customer accounts, funds, or securities maintained by a third party.** + +**This firm does not have individuals who control its management or policies through agreement.** + +**This firm does not have individuals who wholly or partly finance the firm's business.** + +&#x200B; + +I don't know why PERSHING LLC couldn't have just been posted once with all these sentences paired with it. Instead its posted 3 times with the first 2 sentences posted with the first 2. And the last 2 sentences posted with the last one. Same address so maybe its 3 separate branches in the same building? + +Anyways moving forward. + +&#x200B; + +Page 13 + +[okay I see LOOP CAPITAL PRINCIPAL INVESTMENTS, LLC is under common control with this firm. ](https://preview.redd.it/xb2r8oheysm71.png?width=1366&format=png&auto=webp&s=dff299623280e0a8d80d6a12309bb2fccbe99fe3) + +Also the Description: **LOOP CAPITAL PRINCIPAL INVESTMENTS, LLC AND LOOP CAPITAL MARKETS LLC ARE AFFILIATED ENTITIES AND ARE UNDER COMMON CONTROL. BOTH ENTITIES ARE OWNED AND CONTROLLED BY LOOP CAPITAL, LLC.** + +&#x200B; + +Page 13-14 + +[Then we see JLC INFRASTRUCTURE is under common control with the firm.](https://preview.redd.it/t2shfo8iysm71.png?width=1366&format=png&auto=webp&s=c24c011bd62b5f6915e8840e8b842bbb86d5e9a8) + +Also the Description: **MJE-LOOP CAPITAL PARTNERS, LLC (DBA JLC INFRASTRUCTURE0 AND LOOP CAPITAL MARKETS LLC ARE UNDER COMMON CONTROL. THE CHAIRMAN AND CEO OF LOOP CAPITAL MARKETS LLC IS A MANAGING PARTNER OF MJE-LOOP CAPITAL PARTNERS, LLC.** + +also **This firm is not directly or indirectly, controlled by the following: Bank holding company, National Bank, State Member Bank of the Federal Reserve System, State non-member bank, Savings bank or association, Credit Union, or Foreign Bank.** + +The vagary in that is so comical to me *not directly or indirectly* *controlled* by the following. Then lists every single type of bank you can list. + +&#x200B; + +**"THE CHAIRMAN AND CEO OF LOOP CAPITAL MARKETS LLC IS A MANAGING PARTNER OF MJE-LOOP CAPITAL PARTNERS, LLC."** + +&#x200B; + + [Jim Reynolds, Loop Capital Markets LLC: Profile and Biography - Bloomberg Markets](https://www.bloomberg.com/profile/person/1651007) + +[So this is the guy who is a Managing Partner with Magic Johnson. Ole \\"Jim\\"](https://preview.redd.it/regn9h4f6tm71.png?width=976&format=png&auto=webp&s=57bf664f8856503d407ba950f032adece95b7776) + +He is also a Board Member of Avant Credit Corp and Buildon Inc. Could be something there so I wanted to mention that. + +He also used to be the Director of Merrill Lynch & Co Inc. + +Hmmm....Pattern here? Are our enemies the same enemies of Old who were never taken down before and now it's up the the Gamers and ne'er-do-well's whose parents said games will take you nowhere? + +&#x200B; + +Now the last 15 pages of the LOOP CAPITAL document are the 7 disclosures (financial crimes) LOOP CAPITAL has engaged in. Going into the financial crimes was something I really wanted to do in this DD but it would be 20 more pages of screenshots and I don't think Ill be able to fit it all in this post. So if people wanna see it maybe Ill make a separate post just listing and going over their known financial crimes. + +&#x200B; + +But for the sake of this already being long I finish reading the document and mull over the crimes and how tiny the fines were and how every single one was settled the same day of the allegation etc. Then I go back to the Loop Capital home page and go back to the bottom of the page. [https://www.loopcapital.com/about-us](https://www.loopcapital.com/about-us) + +&#x200B; + +"Loop Capital® is a registered trademark of Loop Capital Holdings, LLC.  Securities and investment banking services are offered through Loop Capital Markets LLC.  Loop Capital Markets LLC is a registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA), the Municipal Securities Rulemaking Board (MSRB) and the Securities Investor Protection Corporation (SIPC).  **Swap-related services are offered through Loop Capital Strategies, LLC.**  Loop Capital Strategies is an Introducing Broker registered with the Commodity Futures Trading Commission (CFTC) and **member of the National Futures Association (NFA).**" + +I remembered earlier when I hovered over the letters (FINRA) it lit up. So I click. + +&#x200B; + + [A vibrant market is at its best when it works for everyone. | FINRA.org](https://www.finra.org/#/) + +I scroll to the very bottom and click About FINRA + + [About FINRA | FINRA.org](https://www.finra.org/about) + +I click Governance. B/C I wanna see what kinda assholes they got running the place. + + [Governance | FINRA.org](https://www.finra.org/about/governance) + +Then I scroll down a little bit and see Board Of Governors. Of course I click. + + [FINRA Board of Governors | FINRA.org](https://www.finra.org/about/governance/finra-board-governors) + +I scroll down and guess what catches my eye. + +&#x200B; + +[This fuckin guy. James T, Crowley. Also I see Vanguard but I don't click.](https://preview.redd.it/fylq2s7lgmm71.png?width=1366&format=png&auto=webp&s=1f2f40e82a61c6cf3b7fdabd8f5a9cbd66da030c) + +[He's the CEO of....PERSHING ADVISOR SOLUTIONS LLC!](https://preview.redd.it/unsjhim4hmm71.png?width=1366&format=png&auto=webp&s=d523eaa508b245d74f0d143ebdb3ec5eb8e8ebf0) + +Which is an affiliate of **PERSHING LLC** which we saw earlier is in an Arrangement with **LOOP CAPITAL MARKETS** which is **Shitadel**! So Shitadel pretty much has direct influence to a Board Governor of **FINRA**. + +Proof PERSHING ADVISOR SOLUTIONS are affiliated with PERSHING LLC and not just a similar name. + + [Our Businesses - Pershing - BNY Mellon | Pershing](https://www.pershing.com/about/our-businesses) + +&#x200B; + +scroll halfway in the page and read the fine print or read below. + + + +(BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. + +\*[Financial Stability Board](https://www.fsb.org/2019/11/2019-list-of-global-systemically-important-banks-g-sibs/) + +Pershing LLC, member FINRA, NYSE, SIPC, is a subsidiary of The Bank of New York Mellon Corporation (BNY Mellon). **Pershing Advisor Solutions LLC, member FINRA, SIPC, and BNY Mellon, N.A., member FDIC, are affiliates of Pershing LLC.** Advisor Solutions refers to the brokerage services business of Pershing Advisor Solutions and the bank custody solutions business of BNY Mellon, N.A. Pershing businesses **also include affiliates Lockwood Advisors, Inc**., an investment adviser registered in the United States under the Investment Advisers Act of 1940, and **Albridge Solutions, Inc.** + +Pershing Limited is an affiliate of Pershing LLC. Authorised and Regulated by the Financial Conduct Authority in the UK, no. 124415. Pershing Securities International Limited is regulated by the Central Bank of Ireland. Pershing (Channel Islands) Limited is regulated by the Jersey Financial Services Commission.) + +&#x200B; + +Now this could all mean nothing. And if it does Ill change the flair from DD to Shitpost gladly. But if there's a chance that somewhere in this rabbit trail and connections there is some kind of Gem/Diamond in the rough that another more wrinkled brain than I finds that's crucial, it'll have been worth to help the cause. If not...well fuck me I guess lol + +&#x200B; + +Last thing before I go and this has nothing to do with the post above but tonight while I was waiting tables I waited on a guy mid 40's with a wife and 2 kids. And at the end of the meal I just had a gut feeling and when he was paying the tab I asked if he follows the stock market and he said kinda but not really. I said well if you do GameStop is the way. Then he said what did it go up recently or something? So then I explained how the hedge funds attacked it post earnings but it came right back. Told him about the Hedge funds goal of knocking a stock to less than a dollar so they can delist it and leave the position open with no risk of buying and how they don't have to pay taxes on their unrealized gains and it gives them more margin liquidity to use elsewhere. And that that's what they were trying to do with GameStop and that they're screwed now and never closed their shorts. Then he says, I actually bought a good bit when it was 4 dollars. I was like whattt how did you know? He said I just did it cause Michael Burry did. I was like thats crazy but yea Burry sold at 60 bucks. He said I sold at 98...but then it kept going up so I bought back in at 300. Said he has 1xxx shares still at 300$ and that he hasn't really thought about it much since. I was like damn bro your diamond handing through all the fuckery and don't even know it! That's wild. Then another table walked up to me trying to pay their tab so I told him keep holding and wished him well. + +So then I got to thinking I wonder how many other people out there have been holding and haven't even been following the saga? How many shares are actually out there...... + +Hedgies r fuk. +Today I learned that retirement account and life insurance beneficiary designations usually supersede any designations you have in your will. + +I wrote a will a few years back when I bought a house, and I assumed it covered my entire estate. + +I was wrong. + +I checked my retirement account beneficiaries today. I opened one of my IRAs 20 years ago before I got married and had kids, and I had never changed the beneficiary on it. All that money (about 450K) would have gone to the wrong person if I had died. + +Check your beneficiaries, y'all, especially if you get married (or divorced). +Over the last couple of years I made a few $m in capital gains by basically buying crypto/Tesla with my savings over the last 7-8 years and adding leverage, which turned my decidedly small stash to a comfortable retirement amount recently. I'm also convinced that Tesla will continue to appreciate substantially over the next 5-10 years. These gains are in taxable accounts. I'll be looking to sell them over time to fund retirement/house purchase, broaden investments into private companies, etc. + +To make sure I'm not giving away more than I am supposed to in tax, I am looking to get some professional advice. How do you go about finding a capable account/tax attourney that is used to handling somewhat larger sums? Are there any specific questions/filters you like to ask when assessing them? + +While this is an open ended question. How much should I expect to pay? + +Edit: The accountants I have spoken to don't really offer anything different to those preparing my annual returns when I only had a simple salary based tax return to submit. +Hi - + +So I'm 22 and my brother is 19, I'm on 26k a year whereas he's on 21k. We both have 10k in LISAs each and I have a further 7.5k in a S&S ISA that I'm contributing to monthly. Rest of our money is in current accounts. + +We both like the idea of buying a house together as we are both renting at the moment and could also have a friend or two as paying lodgers that will help with the mortgage. Is this a good idea? If we went ahead with this is it worth putting all of our inheritance down as a deposit? + +On the other hand, is it better to use a lot of the money to max out my S&S ISA for a few years? + +Thanks. +**AcelRx Pharmaceuticals | ACRX** + +————— + +**MARKET OVERVIEW** + +&#x200B; + +* **Industry**: Pharmaceuticals +* **Location**: United States +* **Areas of Focus**: Opioids +* **Ticker**: $ACRX (NASDAQ) +* **Share Price**: $2.66 USD +* **Market Capitalization**: $302 Million +* **Float**: 113.36M +* **% Held by institutions**: 26.93% +* **% Held by insiders**: 2.11% +* **SMA50**: 63.78% +* **SMA200**: 84.50% +* **Perf YTD**: 87.10% +* **Investor Presentation**: [Link](https://ir.acelrx.com/static-files/1c3085a7-9163-4874-8c8c-18d0507bc75b) +* **Financial Reports**: [Link](https://ir.acelrx.com/static-files/e5bcb716-c0ec-419d-97c8-8f9625daadb5) + +————— + +**BACKGROUND** + +Cofounder Pamela Palmer, MD., PhD., sought her expertise as a witness in a case of wrongful death caused by an opioid medication error in a hospital. She found tenfold miscalculations, look-alike drugs, and other errors associated with the intravenous delivery of clear liquid opioids. + +It was found from a medical publication that [83% percent caused only temporary harm; 60% were administration errors and 21% prescribing errors; and 23% caused underdosing and **52% overdosing**](https://pubmed.ncbi.nlm.nih.gov/17957978/). + +AcelRx Pharmaceuticals was formed to explore a different route for administering an opioid. Palmer and her team developed a proprietary sublingual formulation for delivering drugs with specific pharmacokinetic properties. This technology took the form of a single-strength tablet in a distinct dosing unit—a design intended to **avoid the types of medication errors Palmer had seen with injectable opioids.** + +————— + +**COMPANY PRODUCTS** + +AcelRx Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for use in medically supervised settings. They have 6 products in which 3 are **approved** in the US and EU. They have 3 **upcoming products**. Here they are below: + +https://preview.redd.it/0yt6bged6bg61.png?width=1021&format=png&auto=webp&s=2631d66f2415740ef9fb77020951634603955dcb + +Zalviso (sufentanil sublingual tablet system) has **completed three Phase 3 clinical trials** which **successfully** achieved its primary endpoint. AcelRX has also completed a fourth study to further evaluate the overall performance of the Zalviso System. + +ARX-02 (higher strength sufentanil sublingual tablets) has **completed a Phase 2 trial** evaluating the efficacy and safety of ARX-02 for treatment of cancer breakthrough pain in opioid tolerant patients. + +ARX-03 (combination sufentanil/triazolam sublingual tablet) has **completed a Phase 2 trial** which evaluated the efficacy and safety of the product for procedural anxiety and acute pain. + +————— + +**COMPANY IMPACT** + +[According to the WHO](https://www.who.int/news-room/fact-sheets/detail/opioid-overdose#:~:text=Due%20to%20their%20pharmacological%20effects,those%20deaths%20caused%20by%20overdose), there are 0.5 million deaths attributed to drug use. **More than 70% of these deaths are related to opioids, with more than 30% of those deaths caused by overdose.** Beyond approaches to reducing drug use in general in the community, there are specific measures to prevent opioid overdose: + +* increasing the availability of opioid dependence treatment, including for those dependent on prescription opioids; +* **reducing irrational or inappropriate opioid prescribing;** +* monitoring opioid prescribing and dispensing; and +* limiting inappropriate over-the-counter sales of opioids. + +————— + +**MANAGEMENT** + +**CEO:** Vincent J. Angotti + +He was appointed chief executive officer and a member of the company's board of directors in March 2017. He brings over two decades of experience leading executive and commercial teams at public and private life sciences companies, most recently as CEO of XenoPort, Inc., a biopharmaceutical company focused on the development of treatments for neuropathic pain and other neurological disorders. During his tenure at XenoPort, he was involved in the re-acquisition of Horizant from GSK and implemented a successful re-branding and re-launch strategy leading to XenoPort's acquisition by Arbor Pharmaceuticals. + +**Chief Medical Officer and Co-Founder:** Pamela P. Palmer, MD, PhD + +Dr. Palmer has dedicated her career to researching and treating pain, first as an anesthesiologist at UCSF and in her current role as chief medical officer and a member of the board of directors of AcelRx, a company she co-founded in July 2005. Dr. Palmer gained extensive experience in the treatment of pain during her tenure as the director of the UCSF Pain Center for Advanced Research and Education (PainCARE) from 2005 to 2009, during which time the American Pain Society named the UCSF Pain Management Center and PainCARE jointly as one of only six centers of excellence nationwide. Prior to PainCARE, from 1999 to 2005, she was medical director of the UCSF Pain Management Center, which uses a comprehensive and multidisciplinary approach to treat patients with various stages and types of complex acute and chronic pain. From 1996 to 1999, Dr. Palmer worked as a faculty member at UCSF, where she conducted research on basic science mechanisms of pain transmission in her NIH-funded laboratory. In 1994 she co-founded Omeros Corporation, a biopharmaceutical company developing small-molecule and protein therapeutics aimed at improving pain management and clinical outcomes of patients undergoing a wide range of surgical and medical procedures. Dr. Palmer remains a consultant to Omeros. + +**CFO**: Raffi Asadorian + +He brings over 25 years of finance, strategy and corporate development experience to AcelRx. Prior to joining AcelRx, he served as the Chief Financial Officer of Amyris, Inc., a publicly traded commercial-stage biotechnology company, from 2015-2017. Prior to Amyris, he served as the Chief Financial Officer of Unilabs, a private equity-owned medical diagnostics company, from 2009-2014. he started his career at PricewaterhouseCoopers (PwC) where he was a partner in its Transaction Services (M&A advisory) group. While at PwC, he advised Barr Pharmaceuticals, a publicly traded specialty pharmaceutical company, on its acquisition of PLIVA, a publicly traded pharmaceutical company, and, after its acquisition, he joined Barr as Senior Vice President and Chief Financial Officer of its PLIVA business from 2007-2009. In that role, he oversaw a global finance team and was responsible for Barr’s ex-US financial operations, until its acquisition by Teva Pharmaceuticals. + +**Chief Engineering Officer**: Badri Dasu + +Prior to joining AceclRx, he served as vice president of medical device engineering at Anesiva, Inc.,,and as vice president for manufacturing and device development at AlgoRx Pharmaceuticals, Inc., an emerging pain management company that merged with Corgentech, Inc. in December 2005. Earlier in his career, he served as vice president of manufacturing and process development at PowderJect Pharmaceuticals, which was acquired by Chiron Corporation in 2003. He has also held positions in process development at Metrika Inc., which was acquired by Bayer HealthCare, LLC in 2006, and at Cygnus, Inc., a drug delivery and specialty pharmaceuticals company + +————— + +**CATALYSTS** + +* Filed NDA for Zalviso product in the US +* Completed Phase 3 trial for both ARX-02 and ARX-03 products +* Q4 2020 earnings report (major plus if it beats expected earnings) + +————— + +**BONUS** + +The stock rose 18% at the start of today beating its upper resistance of 2.70 hitting 2.79 as today's high. The chart is also following an ascending triangle pattern, right now would be the best time to enter as volume is ramping up. + +&#x200B; + +https://preview.redd.it/ii9ux8phfbg61.png?width=1437&format=png&auto=webp&s=5bce25854b938f5c288aa81a8a1ea5d5044cd328 + +&#x200B; + +[ ](https://preview.redd.it/c5docqtifbg61.png?width=934&format=png&auto=webp&s=5714cafe02aa057d12e6a0445bf3611812c626a4) + +————— + +**Disclaimer** + +This content is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. Investing comes with inherent risks, and all parties should conduct their own due diligence. + +Special thanks to u/thirtydelta for his DD format, I think its great. + +&#x200B; + +**EDIT**: Courtesy from /u/iKevtron, it seems that AcelRX also recently issued a [patent](https://patents.justia.com/assignee/acelrx-pharmaceuticals-inc) on 2021-01-19 + +Here are the details: + +Patent number: [10896751](https://patents.google.com/patent/US10896751B2/en?oq=10896751) Abstract: Dispensing devices and systems for oral transmucosal administration of small volume drug dosage forms to the oral mucosa are provided. The dispensing device may be a single dose applicator (SDA), or an electromechanical device comprising a means for patient identification such as a wrist worn RFID tag and annular bidirectional antenna together with a lock-out feature. Type: Grant Filed: September 26, 2018 Date of Patent: January 19, 2021 Assignee: AcelRx Pharmaceuticals, Inc. + +**EDIT #2**: Courtesy from u/Warrthawg, + +ACRX's approach to pain management is a game changer and market disrupter in the field of pain management. Their products (DSUVIA/DSUVEO and ZALVISO) meet unmet needs of patients and healthcare professionals not currently satisfied by any other product. The potential market is huge, with 91.9 million adult moderate-to-severe acute pain patient visits annually in the US. ACRX has taken the long, difficult, and ultimately financially lucrative path of bringing their products to market themselves. They are on the doorstep of healthcare provider acceptance and adoption. + +When looking at ACRX in the current social and political environment, we must ask these questions. + +\- Why use ACRX's DSUVIA over other pain management products? + +\- Why would we use another opioid when we are in the middle of an opiod epidemic? + +\> The need for pain management will never go away. DSUVIA utilizes an opioid sublingual (under the tongue) sufentanil tablet with a bio-adhesive for pain management. The tablet is administered only in a healthcare setting. In other words, the product is strictly controlled and not given out to patients to take home. + +\> DSUVIA has demonstrated an actual reduction in opioid usage (>50%) compared to traditional IV administered opioids. + +\> Not only is reduction in opioid use demonstrated, the use of DSUVIA reduces the errors associated with IV use: it is administered under the tongue in a small slowly released 30 mcg tablet. IV administered opioid use is the 2nd greatest source of medication errors in the acute hospital setting. + +\> Current IV opioids do not meet the needs of patients or healthcare professionals where rapid analgesia (pain management) is needed for long lengths of time without spikes in plasma associated with IV administered opioids (fentanyl or morphine: DSUVIA (30 mcg) demonstrates analgesia as early as 15 min and for as long as 3 hours. + +\> 97% of patients showed no cognitive impairment. + +Cost: Reduced opioid use, reduced time in PACU, and supplemental medications breaks down to significant cost savings. IV usage is resource and cost intensive -> Traditional IV $442 vs. DSUVIA $58 = 762% decrease in cost. + +UHS/Tvetenstrand Studies (Aug 2020). Use of DSUVIA demonstrated: + +\- 50% + reduction in opioid use utilizing DSUVIA + +\- 34% reduction in Post Anesthesia Care Unit (PACU) discharge time + +\- Significant reduction in supplemental IV medications + +Summary: Ease of Use. Improved Patient Experience. Overall Improved Hospital/ER/ASC Experience. No Risk of IV infection. Lower Total Cost. + +Catalysts: + +1. Resubmission of Zalviso for FDA approval (currently approved and marketed in EU). +2. Announcement of new marketing and distribution partner in EU. +3. Completion of three ongoing studies confirming reduced overall opioid use and cost already demonstrated in UHS/Tvetenstrand study: US Army, Cleveland Clinic, Brigham and Womens Hospital +4. Completion of new high capacity production facility. +5. Announcement of continued DoD sales - $30M already committed but not announced over the next 3 years. +6. Continued increased sales. Q4 2020 saw 400% increased sales YoY + +Reference: [Jan 2021 Corporate Presentation](https://ir.acelrx.com/static-files/1c3085a7-9163-4874-8c8c-18d0507bc75b) + +&#x200B; +# NONE OF THE ABOVE + +Inevitably, with unexpected news, there will be a lot of financial advice to *do something*. It was the same with Brexit earlier this year. + +A few words from Warren Buffet and some other smart people: + +- Warren Buffet: **["to buy or sell on current news is just crazy"](https://www.youtube.com/watch?v=yw6xnEXgeUg&t=17)**. + +- Burton Malkiel, author of *A Random Walk Down Wall Street*: +**["market timing is dangerous"](https://www.youtube.com/watch?v=unFn-ddtqiM)**. + +- Rick Van Ness, well-known Boglehead and [AMA guest](https://www.reddit.com/r/personalfinance/comments/3v037n/im_rick_van_ness_i_run_a_nonprofit_to_educate/): **["stay the course"](https://www.youtube.com/watch?v=aHi2RdQ81Yk)**. + +Finally, here is a great post by /u/aBoglehead that discuses some safe things you can do when the market takes a dip: + +# [Investment Pro Tip: Stay the Course](https://www.reddit.com/r/personalfinance/comments/2jbtyu/investment_pro_tip_stay_the_course/) + +P.S. Feel free to ask other personal finance questions stemming from the US election results here. +I need $400 by MONDAY to keep a roof over my and my son's head. I do have a way to get the money, and I know I need to be a big girl and suck it up for the sake of my son, but I really don't want to. I know someone that will pay me for \*favors\* if you know what I mean. I did this once before and I fell into a deep depression and was honestly a neglectful mother at that time. I'm scared that will happen again. I need to keep a roof over our heads, but i don't want to turn into a shell of myself like before. Could anyone who has been thru this before give me tips on how to cope with doing this? Or if there is another way to make money as quickly please tell. +CRSR has been a CSP darling of theta gang for a bit now and I'm curious to get the group's thoughts on what they're doing given earnings coming out Tuesday pre-market. + +LOGI came in $2.45 (actual) vs $1.13 (est) and dropped \~10% intraday. I think I'm personally closing out anything I have 50%+ profit on come Monday and look to buy back in at a (hopefully) better entry point come Tuesday or Wednesday. Thoughts from the gang? + +https://preview.redd.it/d39desixvvf61.png?width=1497&format=png&auto=webp&s=8e4f550605b5ae5164461f437603538264b48b77 +I’ve seen some comments/posts “gatekeeping” saying that the strategies people are doing are too risky or the same risk as WSB but on the other side. + +While putting 100% of your account into credit spreads expiring tomorrow obviously isn’t a good idea, why do people insist on saying it’s not a theta gain strategy and that beating the market using directional plays is too risky? Shouldn’t each person decide their personal risk tolerance and design a strategy with that in mind? + +I want to be clear that I am in no way trying to start anything, but instead have a discussion about strategy and more specifically, people’s individual risk management. +I have a few issues about daily discussion threads. I'll state those issues, the decision is up to you. + +&#x200B; + +1. They have huge effect on distributions: Daily threads receive tens of thousands comments in a single day and approximately 750.000 comments in a month. According to my calculations (\*not certain) they receive between 1/3 - 1/2 moons of the total distribution. **Numbers are based on my calculation. They can be wrong or right and they'll be change based on the activity.** +2. Issue: Upvote parties. Upvote parties occur so often in the daily threads. Moderators do their best but it's almost impossible to moderate a thread that receives 25-35k comments in a day. Most of those upvote parties remain unreported, even if they get reported the report result comes a little bit late due to volume of the sub, so even if they comment gets removed, their upvotes still stay with them. +3. Spam problem: This thread gets so much spam (shitcoin shills - ads - karma farming etc.). Again, most of those spams remain unreported and again, mods doing their best but it's almost impossible to moderate a thread that receives 25-35k comments in a single day. For reference, if the daily was its own subreddit, it would be in the top 5 subreddits for comments per day. +4. Off-topic posting: Off-topic posting is against the daily thread rules but still people keep commenting off-topic. This is also impossible to moderate due to high volume of comments. +5. Moon farmers: There are a lot of them. Some of them posts hundreds of comments in a day and some of them receive hundreds of karma in a single day from daily threads. This is a big problem. **Moon farmers especially choose daily discussion threads because the comment karma gets 2x (double) karma**. You can see them everyday in those threads with their hundreds of comments. Every. Single. Day. + +My solution: **Reduce the karma by 50% for the daily threads.** This will reduce the incentives for moon farmers and the volume of comments, so moderators can moderate more effective. This also will help balance the moons ratio. Thanks. + +<Posted on behalf of the original author per their request> + +[View Poll](https://www.reddit.com/poll/oylpp9) +Having a hard time deciding on whether to bother spending more money to have a staging company come in and furnish before going on the market. What's your experience with how much this affects sale price/speed? +https://www.google.com/amp/s/amp.cnn.com/cnn/2020/10/06/politics/trump-ends-stimulus-talks/index.html + +I think if trump does not win he will pass no stimulus and try to make the economy tank before biden is swarn in as punishment for him not winning. +I have seen that Niyo provides 7% on savings account if the amount is above 1 Lakh. + +If anyone has used Niyo, can you explain what are the pros and cons you have faced with it. +**Reposted from SubraMoney** I am stunned, or at least shocked when I talk about money to some people. I really wish we had some magazines like MoneySense who did surveys and gave us some macro numbers on how people spent their money. +I met this guy earning well and having literally no cash in his hands. Around 32 years of age he is now preparing to receive his first kid in the world – and he was struggling to pay for the delivery charges. Never mind that his office will reimburse the money, he has to pay about Rs. 50k to the hospital (assuming I did not ask him what amount). +I rarely write about how a person should spend etc. – I am more on the wealth side. I prefer writing about how people should save and invest..but this was shocking. How can a 32 year old with a 31 year old wife – each earning about Rs. 10L a year not have even Rs. 100,000 in cash / mutual fund with easy access? Beats me. +They have had vacations in South East Asia, Europe, and Middle East. None of them came cheap – I know for sure that the Europe trip must have been darned expensive because it included 4 days in Switzerland and the whole trip was about 15 days. They drive a Honda City and a Swift Dezire, live in a rented house, do not support their parents. The wife has some ULIP (tax saving!!) and the husband believed in paying all the taxes. No savings whatsoever. Money earned, all spent. +Last year they donated Rs. 55,000 to a charity I know, and that is where I met them. Seriously, they cannot afford the charity. They need to put money away to buy a house, now for the kid, and generally create an emergency fund, and of course a retirement fund. She is a banker (oops!!) and he is in the IT space, both industries known for their fickle minded HR policies. Frankly the have another 15 years in which to put together this money, and their salaries, though good, are not really astronomical. Their parents are not so well off – but they are not dependent on these kids as of now. However on probing I found that parents could exhaust their money – they do not have any indexed pension, and worse, they have no medical insurance. This couple used their credit card the last time that they had a medical emergency BUT STILL DID NOT GET MEDICAL INSURANCE for their parents. +Their monthly expenses (to this old man) were stunning: Cook Rs. 9000, Maid Rs. 3500, Petrol Rs. 12,000, Electricity Rs. 6000 on an average, eating out is 8-10 times a month, and the bill is Rs. 2k*10 so say 20k a month, movies, shopping….). Of course all this is a guess, and they have not kept records. It should not be difficult to construct the expenses..all expenses have been paid by credit card. Though they thought they were earning well and spending well, they were actually living far beyond their means. Corporate travel meant a hired taxi, air travel and luxury hotels. Even when they went on their personal visits, they used the same combination. They started staying in 4 and 5* hotels (corporate discounts meant they paid much less than the rack rates, but still these are expensive)..so they did not really consider saving! +Their travels were more as a tick box item. They have not seen anything in India. Both are from South, have not seen, say the Taj, but have seen the Eiffel Tower and Big Ben. +Honestly, I do not know where to put the finger on….but yes they are headed for the Poor House soon if they do not change their spending habits…Hey to invest you need money. Money comes from saving. Saving happens by spending sensibly. +https://www.moneycontrol.com/news/business/markets/damaging-mistake-porinjus-bet-on-leel-goes-awry-as-stock-tanks-80-3384101.html + +> "LEEL share price is nearly 80 percent low from the cost in most of the accounts. While we cannot rule out a possibility of eventual recovery in the share price, the damage has already been done. Rare but costly misjudgments like LEEL resulting in permanent loss of capital are humbling and thought-provoking for us in our pursuit to create wealth for our investors through long term value investing," he said. + + +Opens weaker at 73.30s goes till 73.50s. + +Finance ministry official says they are considering separate window for oil companies, rupee quickly appreciates till 72.90. + +Rbi comes in later denying any oil window or knee jerk reactions. Quickly depreciates to 73.30. closes at 73.33. + +Post close rbi says omcs can borrow overseas using ecb, relaxing norms. + +Offshore rupee shrugs it off and is trading near 73.50. + +75 is near. Prepare for carnage +I'm looking to start building an algo bot. I've spent the last few months researching for the best way to start from scratch, as someone with close to zero coding experience. I want this to become a hobby (as my day trading has been), and spend my evenings for the foreseeable future tinkering with even the smallest elements - I want full control over my code and algorithm, so would prefer not to be using the wysiwyg style services I've seen for those without coding experience. + +I'm on the fence between whether I should learn Python, or just go for Tradingviews Pine Script as I only have the intention of coding for the purpose of trading. My rationale is if all i want to do is build a bot, why not go for the language created for such a task? + +Every time I open my laptop and start reading I start questioning my decision, I keep flipflopping my focus between Python and PineScript. + +My question: For someone with the sole intent of learning to code for building an algo bot, and for someone with zero coding experience, should I go with Pine Script or Python? (Or something else thats not even on my radar). + +(I've been through the wiki, but i still have the same reservations) + +Any help is greatly appreciated :) + +EDIT: Thanks so much to all those that offered advice! I had to disappear from socials for a bit shortly after my post, so my sincere apologies for not replying to you all! All of your advice is immensely appreciated! +I have successfully beaten the market with my algorithms. My strategy involves investing relatively small amounts of money into hundreds of different stocks. + +I can imagine, with more capital, this strategy can be expanded to include thousands of stocks, and slightly more money per stock. + +This makes me think: I can pool various people's money, invest using the algorithm, distribute the profits, then charge a small fee for the service. + +... This potential makes me wonder why I don't hear other people doing it, or why I don't see any mutual funds or ETFs based on algorithmic trading. + +The best I have seen has been "arbitrage" based funds, which make much less money than my algorithm makes. + +... So what's going on? Why aren't there tons of algotrading funds around? +Guten Morgen to this global band of Apes! 👋🦍 + +Today Citadel will be arguing in court that they represent retail traders' interest in their case against the SEC's approval of the new IEX order type. Nothing could be further from the truth. Long ago, Citadel realized that there was money to be made under the auspices of being a 'market maker' for retail, but the money comes directly from the pockets of retail traders. When our orders are internalized, it hurts us by suppressing the price movement on the open market. When they front-run our orders, it hurts us by taking any discount we would have appreciated for themselves. The results we are seeing as we DRS more and more of the float proves that Retail has been sidelined for far too long. + +Last Friday, an obvious attack on the price occurred, possibly offering the final discounts on GME ahead of the MOASS. There was no apparent reason for the drop, and it certainly wasn't retail selling. What institutions would have held this far only to sell last week? I'm sure it must have been a short attack, but it seems oddly timed. Will we uncover the reason this week? + +As we enter yet another week in the GME saga, prepare your Diamantenhände and DRS all you can - we are steadily approaching the exhaustion of the shares at the DTC, at which point their ammo will be depleted. + +Today is Monday, October 25th, 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: **$170.79 / 146,85 €** *(volume: 2610)* +- ⬜ 115 minutes in: $171.21 / 147,21 € *(volume: 2457)* +- 🟥 110 minutes in: $171.21 / 147,21 € *(volume: 2398)* +- 🟩 105 minutes in: $171.22 / 147,22 € *(volume: 2354)* +- ⬜ 100 minutes in: $171.21 / 147,21 € *(volume: 2342)* +- ⬜ 95 minutes in: $171.21 / 147,21 € *(volume: 2270)* +- 🟥 90 minutes in: $171.21 / 147,21 € *(volume: 2226)* +- 🟩 85 minutes in: $171.24 / 147,24 € *(volume: 2116)* +- ⬜ 80 minutes in: $171.21 / 147,21 € *(volume: 2113)* +- 🟥 75 minutes in: $171.21 / 147,21 € *(volume: 2091)* +- 🟩 70 minutes in: $171.32 / 147,31 € *(volume: 2045)* +- 🟥 65 minutes in: $170.68 / 146,76 € *(volume: 1737)* +- ⬜ 60 minutes in: $170.98 / 147,01 € *(volume: 1707)* +- 🟩 55 minutes in: $170.98 / 147,01 € *(volume: 1619)* +- ⬜ 50 minutes in: $170.71 / 146,79 € *(volume: 1589)* +- ⬜ 45 minutes in: $170.71 / 146,79 € *(volume: 985)* +- ⬜ 40 minutes in: $170.71 / 146,79 € *(volume: 982)* +- 🟩 35 minutes in: $170.71 / 146,79 € *(volume: 916)* +- 🟩 30 minutes in: $170.68 / 146,76 € *(volume: 896)* +- 🟩 25 minutes in: $170.63 / 146,71 € *(volume: 804)* +- ⬜ 20 minutes in: $170.61 / 146,70 € *(volume: 763)* +- 🟩 15 minutes in: $170.61 / 146,70 € *(volume: 525)* +- 🟩 10 minutes in: $170.44 / 146,55 € *(volume: 443)* +- 🟥 US close price: $169.80 / 146,00 € *($170.99 / 147,02 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.163. 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! +Hi everyone, + +I work in London and recently got a salary increase of £1,250 taking it to £30,250. + +Upon my first pay with this increase, I realised the ‘additional’ pay is merely £42 more each month (instead of the ~ £65 I expected) than prior to the increase. + +I worked out that it’s roughly 23% ‘tax’ (after student loan deductions) - is this because of inflation, or is this not normal? + +Apologies for the newbie question - I’m quite new to the working world! + + +[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!* +If your reading this you are obviously not in a state of poverty. Unless you are a homeless dude stealing WiFi from some douche that doesn't know how to secure his internet connection. Lets face it, there are a lot of unemployed Americans right now. If you are not aware of that or you don't belive me you can [take a look at this link](http://www.wolframalpha.com/input/?i=unemployment+rate+united+states+2006+to+2011) as soon as you are done charging your hover board; that you purchased in Centari V because, obviously, you have not been in in the office recently. And by office I mean the planet Earth. + +Those stats are completely wrong according to every super hero analyst dip-shit I have heard on TV and the internet the past year. The argument is that the unemployment rate is padded by the U.S. government and that the rate is actually a lot higher than reported due to the government only counting the individuals that have applied for unemployment. That sounded completely irresponsible in my opinion (even for government paper pushers) so I looked into it... they are wrong. One fucking google search and a spelling correction I learned that the U.S. Bureau of Labor Statistics, Division of Labor Force Statistics conducts a survey by taking a sample of households from around the country and litterally meets citizens face-to-face to ask them a series of questions concerning their emplyment status. It's a pretty accurate system. You can read about it here: [PDF www.bls.gov](http://www.bls.gov/cps/cps_htgm.pdf) + +If those stats are wrong due to padding or "juking" someone will eventually blow the shit-whistle at the U.S. Bureau of Labor Statistics. However, I doubt that will happen. The exact unemployment rate is impossible to calculate because you talking about human beings. In my opinion the stats are exceptionally accurate and the absolute best we are going to see based on the technology and resources we have to calculate an equation of that magnitude. + +Just remember when someone says, "hey uhhhhh... I heard the unemployment rate is like ten times higher than what the government tells us cause they don't count people that don't apply for unemployment." You can tell them to shut their dirty-whorish mouths. + +Anyway, thats my opinion. What do you think reddit? +Yes, basically what the title said. + +As if things weren't already shitty enough, if you're holding soBtc on Solana i hope you're ok....also: get the fuck out of Solana, seriously. + +How many warnings and red flags do you need? + +I know it's hard and i don't ask you to trust "ME", a rando on the web, trust all of the signs. + +Between the doctored stats, the outages, the "let's stop the unstaking till the market is favourable" and all the other things that put this project at the antithesis of what crypto should be. + +EDIT: screenshot +https://pbs.twimg.com/media/FhXMgpCWQAEsd0d?format=png&name=small +From Credit Suisse’s latest global investment returns yearbook, Generation Z’s earnings from stocks and bonds will be significantly lower than those of previous generations. + +https://www.economist.com/graphic-detail/2021/03/15/young-people-stand-to-make-dismal-returns-on-their-investments + +“They estimate that baby-boomers (defined here as those born 1946–64), Generation X (born 1965–80) and Millennials (born 1981–96) have all earned average real returns of at least 5% on equities and at least 3.6% on bonds. The authors then forecast what Generation Z might expect to earn in the coming decades. To do this, they assume that the real return on equities will be equal to the inflation-adjusted return on a risk-free asset (represented by Treasury bills), which they estimate at -0.5%, plus a “risk premium” for buying equities of about 3.5%, for a real return of just 3%. For bonds, the authors assume the current, negative real yields on the index-linked variety. All of this adds up to annualised returns for Gen Z of a mere 2% on a 70:30 portfolio of stocks and bonds—not even a third of the historical return of the baby boomers (see chart). These guesses could prove too pessimistic, but perhaps not dramatically so.” + +Sorry for the paywall, I can’t get past the first part if anyone happens to have an account and can post the full article in the comments. + +As a young investor, this isn’t too encouraging. What do you think? Just looking to start a general discussion. +[https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf](https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf) + +It is dry and boring. TLDR: Tariffs are bad. Few positive effects are eclipsed by the negative effects. +First of, many thanks to who ever took part of it, I got a whooping number of 376 participants. In a quick calculation, it's a bit **over 2% of this sub**, which gives an excellent indication. +Nonetheless, this data probably is changing constantly and people are, naturally, not going to always act as they stated in the survey. + + +In order to maximize this survey, I am going to post a link in the bottom of this post with the spreadsheet of all the raw data, for you guys to look at and hopefully add to my analyzing. + + +One last comment before I present the data. In questions where I asked for a range (i.e 100$ < ether < 200$), I averaged it for the purpose of calculating estimated prices, percentages and more. + + +Ok to the data: + +--------------------------------------------------------------------------- + +**Ether Price (In a few years):** + +22.5% believe the price will range from 500 to 1000 bucks + +29.7% believe the price will range from 100 to 300 bucks + +31.5% believe the price will exceed 1000$. 38% in this group believe it also will exceed 2000$. + +the average price range is 795$ - 1000$ + + +--------------------------------------------------------------------------- + +**Staking (if the interest rate was 5%):** + +11.0% said they will stake between 80% to 90% + +16.0% said they will stake between 50% to 60% + +26.5% said they will stake 90% percent or more of their ether holdings +All in all, the average percentage the etherian claimed he would stake in the future is 61%. + + +If the price of 1 ether were to exceed the expectation: + +14% said they will, to some extent, will withdraw at least some of their ether from staking. (In this group, 20% said they will withdraw all of their funds). + +37.4% said they won't touch their staked ether + +48.2% said they will, to some extent, will add to they staked ether. (In this group, 43.8% said they will go all in staking in case the price were to rise above their expectation). + + +If the price of 1 ether were to fall short of the expectations: + +20.0% said they will, to some extent, will withdraw at least some of their ether from staking. (In this group, only 16% said they will withdraw all of their funds). + +35.5% said they will, to some extent, will add to they staked ether. (In this group, 47.3% said they will go all in staking in case the price were to rise above their expectation). + +Amazingly, 44.4% will not do anything if the price of ether is lower than expected. + + +46.8% said they will invest the interest from staking + +33.2% said that they will stake their gains + +Only 15.8% said the gains will go for spending + + + +--------------------------------------------------------------------------- + + +**Trust in Ethereum Foundation:** + +2.1% scored their trust in the EF at 5 + +2.9% scored their trust in the EF at 6 + +10.2% scored their trust in the EF at 7 + +28.9% scored their trust in the EF at 8 + +28.6% scored their trust in the EF at 9 + +26.5% scored their trust in the EF at 10 + + +I was shocked with the amazing average score of 8.55/10 + + + +If an exploit in the PoS protocol were to happen: + +31.1% said an exploit will have an extreme effect on their trust (in this group, only 10% said they will lose their trust alltogether) + +33.3% said an exploit will have a moderate effect on their trust + +Yet, 35.6% of the people said it will have none to negligible effect on their trust. (inside this group, 26.12% said it will have no effect at all) + + +so after an exploit, trust score is plummeting to 5.23/10 + + +interestingly, even after an exploit, 54.4% said they will sell **less** than 30% of their stack. (in this group a staggering percentage of 70.6% claimed they will sell less than 10%!, giving this group a collective percentage of 38.4%) + +9.9% said they will sell more than 90% + +8.8% said they will sell between 50% to 60% of their ether holdings + + + +--------------------------------------------------------------------------- + + +**Random Facts:** + +The people that their trust in the Ethereum Foundation is between 7-10, estimated the price would be 18% higher than those who gave their trust in the EF less than 6 in score. + + +The people that their trust in the Ethereum Foundation is between 7-10, stated they will Stake 63% of their ether in average, where as those with low trust in the EF said they will +only stake 38%. + + +A simmilar correlation I found between trust and sold ether after an exploit, the more you trust in the EF in the beggining, lower the chances you will sell a big portion of it +after an exploit. (1-6 trust score sold 54% in average, when 7-10 sold 32%) + + +There is a correlation between price estimation of the respondant and the portion the respondant said he will stake. (people that estimated the price to be over 500$ staked in +average 8.3% more) + + +Generally, the people that staked less to begin with, sold 1.8% less of their ether after an exploit. + + +Naturally, the more effect one said to have in case of an exploit, the more they sold. (1-5 (non to moderate effect) sold 26% while 6-10 (moderate to exetreme effect) sold 43.2%) + + + +--------------------------------------------------------------------------- + + +That's it folks. +You can really get sucked to useless statistics here so I'll try to cut it when it is still somewhat interesting. + + +[The full data here](https://docs.google.com/spreadsheets/d/16POJq71bJcQdg-eNTgwroe1QIGcCtFHkij6F0ggUBKI/edit?usp=sharing) + +If you have anything to add or comment, I will be glad to hear it :) + + + + +Edit: grammar, formatting + +I am posting in this community because I believe some of the audience here faced similar situations in the past. I made my first angel investment a year ago. Had zero expectations of making a return from it, my goal was to understand how this works, provide some support for the founders (which I enjoy a lot) and be better prepared for future investment opportunities. + +I put a few $'000s in the seed investment, and this company is going for a series A round. At my equity at the company (about 0.5%) and at the floor target price (pre-series A) my investment will return \~4x in a year. At least on paper. Not bad. + +Before the series A, the angel investors have the opportunity to have a follow on. While I know how the math works, I never had dealt with something like this before and I am not sure if I have full understanding of the consequences of going either way. My impression is that by taking the follow on I would effectively double down on an investment that already surpassed my expectations (again, 4x ROI while I wasn't expecting anything), but maybe there are other benefits of not diluting my equity that I am not aware of? + +Thank you! +I received a home in a windfall. I live in it currently. It's a condo townhome worth about $1M Canadian I'd say in my current market. I live in a VHCOL area, and though the actual costs to live in the home are not much (maybe $1200 a month), I can't help but wonder if I should cash-out refinance the home to raise a few hundred thousand dollars to invest. + +I have not been investing long, have about $300k CAD invested across a couple registered and one non-registered account, and my income, though good, is not super duper high. I know I would have to invest very aggressively and consistently (about $10k a month) to meet my goals ($6M real dollars invested by age 60) with some safe, conservative assumptions (5% return, 3.1% inflation, 45% tax rate). + +Although I like the house, I don't particularly like the area I live in and I have been antsy to relocate to an even higher cost area for a while (mainly to be closer to the city, friends & family), which I understand is an emotional decision more than a frugal, investment-minded one. But I don't feel happy living where I do. + +Either way I'd be taking on a mortgage but one option gets me liquidity, the other sucks it away and severely affects my investment goals. + +I am childless, but also unmarried, so that affects my long-term outlook as well. + +Just ranting and looking for someone to beat some sense into me I suppose. My previous post has some details regarding my financial situation. + +Thanks to all those on here for the consistent information and inspiration. +Backstory: Came into the right company at the right time, did very well in an AE role. Was lucky to be fast-tracked to management and 2 years after starting with them, am close to earning a Director title. Should I get an MBA? 27, married with a newborn child. Current OTE is $200-210k this year and plateaus at this company pretty hard to where $250k is pretty much the ceiling with zero stock options/equity. + +Longer version is I’m wondering if an m7/t20 MBA is worth going for (if I can get in) or if I should just keep trucking professionally. In my current role, I already actively handle biz dev, hiring/training/development for all AE’s in my region that I built from scratch, manage P&L, still play a big role in enterprise sales, among the other bits and parts of sales mgmt. I’d probably move out of this industry into the software space within the next year or 18 months if I don’t pursue the degree. + +I guess the tl;dr I’m asking for is if my resume/experience will outweigh standing pat for a couple years to go get the degree. I’m asking here because I aspire to live that fatFIRE life by the time I’m 40 or 45 and am hoping that at least a few of you here got there through sales. Really appreciate any insight! +Link: https://www.bloomberg.com/news/articles/2017-12-19/sec-halts-crypto-over-manipulation-concerns-after-2-700-jump + +For those who were investing during the dot com bubble, did it look like this? It seems like there are multiple stocks that change their name for blockchain/bitcoin too. +I am a futures day trader who has been in the game since the beginning of this year. (I've been studying since last May, only seriously began trading this January). For the past few months with the volatile action we've been getting in the market I made some pretty decent profits. On a good day I could make up to 8k by market close. I'd like to believe that my fundamentals are pretty decent. + +However this past week has been so erratic. None of my fundamental or technical analyses were able to pay off. The whole market seems like it is losing its marbles.. Double tops turn into double bottoms within minutes only to reverse back with huge swings. This has made my trades absolutely blow up. I'm beginning to feel like nothing make any sense. I lost close to 40k in the past 3 trading days. I feel like my mental health is degenerating rapidly due to the sheer amount of stress and anxiety I've been experiencing. Worse thing is I am doubting myself immensely and I'm beginning to feel like an absolute degenerate for blowing away months of earnings within 3 days. It's getting so bad that I stopped trading entirely today just so I can take a breather. + +Since I am relatively new to the game I would love to hear any advice out there from old timers. I'm sure many people have experienced bad days, do you have any advice on how to day trade the manic market we're in? + +Edit: reflecting on my trades this week I definitely got too emotional and overtraded my positions to the point where I turn profit into losses. On the other hand all these losses made me chicken out of a several otherwise would-be profitable trades and took a loss instead. Fomo and overtrading are profit killers. Next week I will focus on making less but more convicted trades. +"The compromise will sweep out the $429 billion in unspent CARES Act funding for the Federal Reserve’s credit lending facilities and repurpose it as an offset for a new $900 billion coronavirus relief bill, GOP sources said. + +The deal will close four Federal Reserve credit lending facilities created by the CARES Act and will prevent the Fed from standing up replica facilities in the future without congressional approval. + +Those four programs include the primary market corporate credit facility, the secondary market corporate credit facility, the Main Street lending program and the municipal credit facility. + +The Fed will retain more flexibility over restarting the Term Asset-Backed Securities Loan Facility." + +[Lawmakers reach compromise over GOP proposal to rein in Fed’s powers, clearing path for a stimulus package deal](https://www.washingtonpost.com/us-policy/2020/12/19/stimulus-talks-race-against-government-shutddown-deadline/) +I live in the Midwest, sticks Mansion type of deal. Growing up everybody loved Trick or Treating, and specifically most people loved coming to my neighborhood. We were “The Neighborhood” in our area to go to for Halloween. People would drive 20-30 minutes to take their kids trick or treating here. Everybody went all out with Decorations, King Size Candy Bars or enough candy given to equal one. People even got Bouncy Castles, professional costumes that ran up into 5 digits, food truck type stalls with free food too. + +However, it seems that in the last 9 years, the amount of people coming has declined dramatically each year. Even if Halloween is on a Weekend with good weather, there’s just way less people. No new major developments have come up either. I just think culture has changed and kids don’t care anymore. We used to never be able to even close the door for more than 20 seconds. Now 20 minutes go by before the next group of kids and it’s just neighbors taking their kids by golf cart or utility vehicle lol. I know people may say Covid, but I really don’t think so. Last year I saw a bouncy castle and food stalls still even with barely anybody going around. + +I’m curious if this is happening in other places too? Anybody reluctant on spending $2-5k on decorations and candy anymore with not that many people coming? I know some of my neighbors will do it out of tradition, but honestly seems pointless now if you don’t have young family members. This year we just went straight to Thanksgiving decorations. + +TLDR; Do people spend money on Halloween anymore? +Can any fatFIRED people comment on how their social circle changed post FIRE? + +Did you start losing touch with friends who are still grinding or friends who have no plans to stop working? Conversations become harder when your interests and life-plans are so different and you obviously have more time to be relaxed and less need to be ‘switched on’ or networking at gatherings.. + +Did you end up making new friends or social circles of people who have also FIREd and have a lot of free time, quirky hobbies and more of an independent outlook? + +I ask because I’m getting closer to doing it.. and wondering if it’ll be hard to keep a part of my social network since many will be either be busy with a career or spending a lot of time networking etc and probably have a lot less ‘chill time’ to relax and ‘enjoy the moment’ + +37, married, one kid if you’ll give advice. +I got into the hobby of flying about a year ago. I'm at around 200 hours, been flying aggressively since spring and working on my IFR (a type of license). + +My fiancé and I are in our late 20's and have a healthy NW. We arent close but I estimate in about the next decade, baring severe collapses, we should be right at the range where we can afford a turbo prop or a small jet (vision jet or similar). + +The problem I've been facing is, as I get past my IFR, the more people I talk to, are just regular joes who want airline jobs. Im not able to get advice on moving into a bigger/faster airplane. + +Would love to hear anyone's input. + +When I'm 40/50, would be amazing to fly something like a TBM or a Pilatus around the world. +I've been reading this forum and learning about real estate investing, there's a lot of good information about cash flowing properties and getting low mortgages, refinancing, etc. + +What are some good resources to learn about real estate investing without borrowing money? I'm in a situation where I can purchase a few properties outright, but havent found good information about what kinds of properties/situations best suit my purpose. + +Is now a good time to do something like that? Since interest rates are high I imagine less people are buying so prices are going down? Im completely new to the real estate thing, trying to wrap my head around it. + +&#x200B; + +thanks. +I want to leave my existing career (finance) for something new. I’m leaning towards software development. I know basic html/css/javascript and have made a few sites and really just enjoy the process. Financially I’m doing well. My partner and I own our house (800k) and have a joint investment portfolio of 750k. Have a redraw loan of $500k I’ve just set to I/O (investment). I also have $60k cash for emergencies. + +My concern is I’m 30 and to get a proper qualification would take 3 years. What are your thoughts on my situation? Developers am I too old? +He is very wealthy, and doesn’t lose sleep at night due to the recent “crash”. It is a 10 year+ bet. He is relaxed and actually buying more now. + +Lesson: invest what you can afford to lose. Think long term. + +This might be seen as a shit post but it gets on my nerve seeing all the people panicking and complaining in this sub. + +BTC has the potential of becoming a competitor to gold, which has a 8T$ market cap. No, it’s not guaranteed - but it has a true chance. Guess what, the world is becoming more and more digital and BTC is until now apart of that revolution and obviously has the potential to continue doing so. + +Relax and think long term. + +In 2020 another halving is coming and all coins (21M) will be in circulation by 2140 approximately. Well all be dead by 2140..... + +Some important factors that theoretically could affect the space: +- stock prices are at an ATH. Market is over bought and inflated. If the stock market crashes money surely will go in to crypto. Some people disagree on this, but only time can tell. +- a lot of countries around the world are at political and economical unrest. +- the US has 21T$ in debt, not sustainable. This will implode at some point. +- China has recently started to purchase oil with Yuan instead of dollars. This will affect the dollar in the longer term as dollars will be removed from the market. +- the EU is fucked, brexit - and most likely more countries will follow and exit during the next decade. + + +In the past I’ve seen a lot of post about people saying that BTC is to expensive and that the whales are manipulating the market etc. Yes they are, as they do in all markets. As soon as BTC becomes more liquid it will be way less volatile. But we won’t see that before 1-2T$+ + +Mining expenses are going one way, up - they have grown exponentially since the very beginning. If someone reinvents the wheel, yes, they might make a huge mining profit short term. But after some months other companies will be creating similar chips and hash rate will sky-rocket: hence, mining profits go down and miners won’t sell before break even or threat of bankruptcy. + +After the next halving in 2020 a total of 328125BTC will be added to the market per year, that’s a total of approx 27K per month. + +In 2024 a total of 164 062BTC will be added to the market, a total of 13.6K per month. + +2028 a total of 6.8K per month. + +2032 a total of 3.4K per month. + +Do the math, use your logic. + +And on my last note, Switzerland is the crypto place to be. The whole government is supportive of bitcoin and Blockchain. Their national bank had a profit of 55$B in 2017. Don’t think their buying BTC behind the scenes? Think again! Would they be stupid enough to announce it, of course not. + +Hold and relax, wether it’s real estate, BTC, valuable art, your wife, pension fund. Aim for a good life now and aim for a comfortable life when you get older, be smart! + +All the best! + +EDIT: +- receiving extreme amounts of BS for spelling mistakes. I hate to break it to you, but I’m not a native English speaker. +- no, the stock market is not at an ATH, it’s just below. The bull run since 2008 has been incredible. +- the last part about the Swiss banks is a guess and somewhat conspiracy theory. You cannot deny the likelihood of banks investing in crypto in the coming years. In my opinion the odds are highest for the banks in countries that are crypto friendly. + +With institutions such as the Fed and a stable government does the US really have anything to fear in regards to it's debt? Why US debt that much of a problem if we are one of the most financially stable and respected countries in the world? Government spending is equal to tax revenue and new debt which has to be issued, so why can't the government just issue new bonds and not worry about how much they are spending? And isn't it impossible for Fiat currency countries to go bankrupt (if they're like the US not like Greece)? And furthermore, in regards to the crisis in social security and entitlement funding, why can't the Fed just provide money for these via open market operations and buy treasury securities for cash? Why can't the Fed just print more money, if the demand for it is there? +According to statistics there are currently 8.1M US job openings, the highest in number in recorded history. Despite the high number of job openings, unemployment remains at 5.8% (vs 3.5% pre pandemic). Why is that? If there’s a labor shortage shouldn’t that somehow drastically decline the unemployment rate? +I don’t understand why people invest in gold and therefore don’t include it in my own portfolio. This is due to the fact that it seems to be a purely speculative investment since it does not guarantee any cash flow and depends solely on the bet people will pay more for it in the future. + +My question is threefold: + +1. Why do people flock to gold as a hedge against inflation. + +2. Why is gold an asset/what is its role in a diversified portfolio. + +3. What is the benefit of having gold in a diversified portfolio of fixed income and equities? + + +MMT has been dominating the news as of late as far left politicians tout it as a way to pay for ambitious social policies. + +While I am no economist I've done a little research on the theory and some of the underlying assumptions seem to make sense while others are fantastic. + +My question is, if a government infinitely prints currency to pay debts then raises or lowers taxes to stifle inflation/deflation, doesn't that process weaken the reliability of the dollar and make it less likely to be borrowed by foreign debtors? If a government can just print money to pay debts, then won't creditors find the currency worthless? + +&#x200B; + +On a more general note: + +***Regardless of the politics surrounding the theory.... I am curious as to the arguments for and against MMT.*** +I'm doing research for a class and it's impossible to find a straight answer online. During Bretton Woods the attendees decided that the US would be pegged to the gold standard, but why? I know that it was done to benefit other countries that fix themselves to the US dollar, but why did it benefit them? + +P.S. I'm not someone who's here to debate the politics of if the US should be on the gold standard, I just want an answer to why the US was pegged to gold in the first place after Bretton Woods. +As money gets poured into crypto, sometimes the keys to unlock the wallets get lost or the devices themselves get lost or destroyed. This is money that has been taken out of circulation and effectively destroyed. Could crypto actually have a deflationary effect on the US dollar? Moreover how can the fed even factor this into the valuation of the dollar? +There is a trope of Europeans travelling and working in Africa about Africans not saving money. In an article I am reading about European development aid an European developent aid workers makes the following accusation: + +> “I don’t have all the details, but I think they have preferred to share the money. They should have saved it,” he said of the workers there. “The problem here is a cultural one. If you have money, you spend it all — it’s the same everywhere in Africa. People here don’t prepare for the future. There is an incapacity to save.” + +From an economist point of view, what is known about the saving habbit of Africans and if the statement is true, what do we know about the reasons. + +Source for the statement: + +http://europeslamsitsgates.foreignpolicy.com/part-1-the-paradox-of-prosperity-mali-africa-europe-EU-migration + + +I have zero Macro background, just an interest. + +Reading about the repo market has had me thinking about this. A lot of people take it as a given that banks create currency when they create loans. I understand the principle of this idea, but isn’t there a difference between the actual cash they lend out, and the deposits they have on the books? + +A bank can’t lend out more than it has in deposits, right? That’s the problem of a bank run (ignoring FDIC) So the actual currency in circulation can’t exceed what the treasury prints, correct? So wouldn’t there always be an upper limit on currency in circulation? And if so, why isn’t that distinction made more clear? +I know I know, $8oo on door dash is absurd. I was/still am probably depressed and don't wanna cook and clean but I should definitely be saving more. Please don't judge. + +&#x200B; + +Here is my current budget based off what I currently spend per month, with the exception of food. I have changed that to what I consider a reasonable first step. + +(budget) [https://imgur.com/AXLli8F](https://imgur.com/AXLli8F) + +&#x200B; + +Here is how the expenses break down. + +(Expense ratios) [https://imgur.com/u7gSoKy](https://imgur.com/u7gSoKy) + +&#x200B; + +My monthly income pre-tax is almost 10k and about $4600 take home. + +(Income vs Expenses) [https://imgur.com/Bec6B8t](https://imgur.com/Bec6B8t) + + +Re-posting for formatting +My best guess is that when we see the bottom of this thing, nobody is going to buy because everybody already bought, thinking the bottom was higher, and no one has any money left. I think we are going to have a bottom that is the hardest to call in the history of the stock market. + +9/11 -- no brainer: wait for the planes to hit, then buy. + +Financial crisis -- also easy -- wait for bailout, then buy. + +Corona Crisis -- this one is not easy. Next week, many investors are going to get tricked into the first false bottom. There will be more. + +I'm calling 14,000 as the real bottom. Maybe 12,000. Few of us are going to have any cash by the time it comes. +TLDR: IMO Citadel Europe lost $1bn on paper in under 2 years. And that's before we get their 2021 results. + +I've continued trawling through the operations and thought the following might provide some info that others could work from. I also feel that it has probably not has as much visibility as the US, so maybe something hiding out there... + +1. CITADEL SECURITIES (EUROPE) LIMITED - **05462867** \- is due to file their annual accounts that cover 2021 within the next ten working days (probably within the next 5 based on previous filings). So keep 👀 peeled. +2. On their 2020 reporting (released September 2021) - they had this lovely update + +https://preview.redd.it/fyxx9syh01o91.png?width=1384&format=png&auto=webp&s=4a088665309c712b5bb3e1ea3d0df07101fe9f3a + +This is on the 34th page. + +Going into 2021 Citadel Europe was carrying a $431m (all figures in '000) loss on equity contracts. This is a paper **loss of $1bn** over 2 years (Jan '19 to Dec '21). Although they have a positive position on securities, this has only increased by $70m in the same period. + +Take into account that these figures are using 'fair market valuation' at the time - so let's hope things didn't get worse for them... + +There isn't really too much before this that seems to explain this position. Everything looks quite balanced and rosy. + +3) + +But then this appears on page 40 + +https://preview.redd.it/hq0rrh9k11o91.png?width=672&format=png&auto=webp&s=0f1957c012334998325f5395d536f56258e0ada9 + +The explanation for this table is: + +&#x200B; + +https://preview.redd.it/dhsa93he21o91.png?width=668&format=png&auto=webp&s=497e62ce1ae7ed221fe3e6ce7f4ff362123fab26 + +Compare it to Jan '19 - 2 years earlier + +https://preview.redd.it/kfvfj0ig21o91.png?width=670&format=png&auto=webp&s=a4934616e8e889e28c7d6648837ebf0ef840fa50 + +And Dec '19 - 1 year earlier + +&#x200B; + +https://preview.redd.it/3b1u6ozk21o91.png?width=670&format=png&auto=webp&s=08110c1ff9e099735a432604eb77c906fd8b91eb + +My bad maths shows that they have $1.6 BILLION of derivative positions operating at a loss. They started to bet big and losing. Now these more or less are 'offset' out: + +https://preview.redd.it/farofpih71o91.png?width=1308&format=png&auto=webp&s=6f103aad7e74e81b0da34d4e67327483c9206365 + +But this really doesn't tell the whole story IMO. + +4) Offsetting derivatives is not a straight a-b = c. They are impacted by volatility, risk and liquidity. Basically with every drop in Citadel's credit rating, or volatility increase on the derivatives they hold in the portfolio being netted against, or reduction in cash which means they fail to meet a single payment needed under a master netting agreement the tight rope they are on is pulled tighter and tighter until - + +\*boom\*, suddenly the tight-rope snaps and positions are forced to be liquidated below fair value and suddenly the 'amounts offset' mean jack-all but the losses that they are tracking crystallise. + +&#x200B; + +5) Just adding this one in for fun as I think everyone knows how ridiculous this is: + +https://preview.redd.it/46lf7im6c1o91.png?width=1288&format=png&auto=webp&s=2f431d2d0d3121b607d3ee8965596c0fe503a7e9 + +$826m at Dec '20 value... let's hope there was no rebound in stocks they were shorting.... + +(All data lifted from latest annual report available at: [https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history](https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history) +Hear me out - I'm on track to have a £1m pension pot, but my wife is likely to have around £100k in hers by the time we're 58 (she's a lower earner due to working part time etc). This would mean I'd likely pay higher rate tax on pension withdrawals and she'd barely breach her personal allowance. + +Would it be feasible to consider a 'divorce' in order to share my pension with her via a pension sharing order, and as a result make our retirement more tax efficient for both of us? + +Yes, this isn't a serious consideration, but has it been done before? Would it even be legal? + +My pension pot will be so much higher as I currently pay all salary over £50k into the pension to avoid higher rate tax currently - this will stop in 2 years max as my calculations show I'll likely hit the lifetime allowance with standard contributions after this point. +I would love some examples of what people have used their EF for recently. Since I found this sub a 2 years ago, I've followed the steps religiously and built up 6 months worth in an easy to access account, but I haven't had to use it yet (which is fantastic, don't get me wrong) but it feels like it's just money sitting there. + +Hearing other people's experience might be helpful! +I used to think support and resistance mark the supply and demand zones so they are both the same thing. But I have been seeing many state them separately as if they are different from each other. +TL/DNR: I oversaved for my kids' college, and the leftover money left over will help me FIRE. + +For those of us with children, saving for college is a big part of our FIRE plans. The perspective I offer here is that I have a child who is 17. After discussing other options (community college, trades, military) we agreed that college was the best fit for her. She has applied to colleges and has received offers of aid. I am now able to show how much I saved for her, how effectively this will meet her needs, and how this will affect my journey to FIRE. + +Tax advantaged college savings + +Like saving for retirement in an IRA or 401k, you want to use tax advantaged College Savings Plans whenever possible to save for college. Money you put in to these plans is not tax deductible at a federal level like a tIRA contribution, but any growth can be withdrawn tax free as long as it is spent on college education. Spending this money on other things would mean paying regular income tax rates and a 10% penalty. The two main types are Coverdell accounts and 529 plans. A Coverdell account has a 2000 dollar contribution limit per year, with a contribution phase out of 220K in income for a married couple. 529 plans are probably superior for high earners because they have much higher contribution limits which vary by state, and some states allow a deduction from state income tax for contributing. + +My state did not have a 529 plan when I began this journey, so I opened Coverdell accounts for my kids. (My state now offers a 529, but it is not tax deductible and I did not need a higher contribution limit, so I stayed with a Coverdell.) That means I have been putting 2000/year into each of my kid's account since they were born. + +There has been, of course, some growth. + +||Age|Total Contributions|Current Account Value| +|:-|:-|:-|:-| +|Eldest faithful daughter|17|36000 (in AAPL/QQQ)|129,578.71| +|Middle steadfast daughter|15|30000 (in DIA/QQQ)|88,986.97| +|Youngest heroic daughter|10|20000 (in SPY/QQQ)|42,978.06| +||Total|86000|261,543.74| + +Is this enough money? + +Eldest faithful daughter is an above average but not stellar student with a 3.3 GPA and SAT scores in the 93rd percentile. EFD got in to eight schools, ranging in yearly costs from 21K a year to 60K a year. + +The school that cost 60K gave her 22K in merit aid, leaving 38, over four years that would be 152k. She has 129k, so I would need to pay 23k out of pocket over four years, assuming that the market doesn't rise. She also recieved 16K in need based aid, leaving an out of pocket cost of 22K. Four years at that school would be about 88K. So the amount I saved was enough to afford the most expensive school she applied to. + +The school she will probably go to is a state university with a strong program she is interested in. That school costs 33K/year. She got 1000 in merit aid, leaving 32k x 4 years, or 128k, so I have saved enough to cover that school She actually also got 13K in need based aid, so her cost of attendance will be 19K a year or 76K total, which means (ignoring for the moment any market changes in the next four years), it looks like I saved 53K too much. + +Saving less for college, more for FIRE + +The first take away is that I don't need to save 2k a year for my younger daughters, which will free up a bit more money for FIRE. EFD's sisters are even better students than EFD (and MSD might even go into the military), so they may get a similar amount of college aid. This means I could probably save half as much as I have been saving and be fine. In addition, college money can be transferred to other family members, which means that I have the option to roll extra money down to EFD's sisters or even to their children if they have any. + +Using the extra 53K to FIRE + +Of course another option is to use this money to help fund my retirement. Just like a Roth IRA, the principal can be taken out tax free at any time. Normally, if I spent this money on non-college related expenses, I would pay the Regular income tax rates on the gain plus a 10% penalty. The exception is if your child receives a scholarship or grant. I can take out the amount of any scholarship or grant she was awarded without penalty, although I would need to pay the regular income tax on it. If the school she goes to costs 33K but my daughter has gotten 14K in scholarships, I can take out 33K, pay 19K to the school, and then pay income tax on the other 14k (it is a bit more complicated that this because I only pay tax on the portion which is gain, not the original money I put in). Another option is to leave the money in the account until I FIRE, when I might be able to cashflow my income such that I could take the money out at a lower income tax rate plus a 10% penalty. + +So what would you do with this extra money? How does college savings fit into your FIRE plans? +Everything I write will be MY OPINION as per the flair. None of what I write is financial advice and therefore shouldn't be taken as such. + +A lot of fuckery has occurred with quite a few different brokers which have lead to people being unable to buy, sell, or even access their app. + +Once the MOASS begins, the amount of traffic and attention will be UNPRECEDENTED and I'm 100% certain that many brokers WILL NOT be able to keep up with such demand no matter how "prepared" they claim they will be. + +The increased traffic may make the buying and selling process significantly LONGER than expected. More likely than not, a lot of ORDERS WILL BE BOUNCED BACK and will require apes to put in multiple orders before it goes through. + +It is also VERY POSSIBLE that TRADE SETTLEMENTS will be DELAYED. Imagine this scenario: + +Ape thinks he can accurately time a high AND low point in the market so ape SELLS his GME shares. -> Ape was correct and the share price drops 60% by end of trading day! -> Ape thinks "now I just need to buy my shares back and I make even more tendies!". -> Ape attempts to buy back shares at "discount" price -> "insufficient funds". -> Ape scratches head and gets very anxious -> Share price rises immensely and Ape is only able to buy in 2 days later -> Ape has half the shares ape started with and Tendies are effectively HALVED (your profits would likely get quartered or worse considering how volatile the stock will be during the MOASS) + +If YOU, an ORDINARY APE using ordinary means of buying stocks, attempts to DAY TRADE, there is no guarantee you can: +1. Time the peak and the dip +2. Get your order processed in time +3. BUY WITHOUT THE STOCK BEING RESTRICTED AGAIN + +I implore ALL APES to adopt the mindset that ONCE YOU SELL, THAT IS THE END. GG. + + + +TA:DR; YOU WILL NOT be able to time the market high and low. YOU likely WILL NOT be able to get your orders processed in a timely manner. You may face RESTRICTED BUYING AGAIN which means bye bye tendies once you sell. + + + +This is not financial advice, I'm merely a smooth brained ape whose eaten far too many red crayons. +Real markets shut down trading if shit likke this happens, and if this is in fact a DDos or just a lack of willingnes to pay for proper servers and bandwith the trades should be null and void. + +If traders cant acess the site then anything that happens during that time cannot be counted. + +We expect answers.. +Ok, so I haven't posted a DD before and was thinking about it for a good while before pulling the trigger. At the end of the day, there's definitely something seedy about doing an enthusiastic writeup on a penny-stock, but at the same time we all appreciate that it's a shame that this sub can tend to only discuss the same 4 or 5 tickers and so often they end up being dogshit. + +Also, I have a fairly lengthy ban coming my way, so fuck it. In the interest of ticker diversity, and because it does seem to me to be a good one (at the very least, worth comparing with the ones you currently hold if you've been swept away by Julimar hype), here's my speccy miner DD. + +Aside: I don't really want to pump, so I'm not going to put a section about wHeRe It coUlD gO if they do find something. Hopefully it's still an interesting read without that though, and you can look at similar companies who have struck for comparison. What we can say is that at today's nickel and copper prices, the upside from here is very significant. + +So.. + +# What is this? +Low marketcap speculative metals explorer over in WA, aka hole in the ground with a liar standing next to it. + +# Quick sidestory / How I ended up here +When the PUR management put out an announcement about acquiring their Combatant tenements, I ended up on HC reading some of the commentary. Things were going well (back up the truck, DYOR, where are all the downrampers now LOL! etc.), when there arrived a poster who suggested that the interpretation of the ASTER, as done by the company and included in the ASX announcement, was extremely flawed. + +He went on to point out that those pretty purplish-red blobs scattered fairly regularly throughout the tenement were actually clouds, and even lined up the satellite images with the clouds with those ASTER images as evidence. + +One of the regulars there said they'd forwarded his interpretation to management and they passed it on to their geos, and then no more was heard of it (neither denial nor admission + retraction). This got me wondering, namely "who *are* these guys?", and more usefully maybe, "who is *this* guy?" + +So I followed him down a bit of a HC rabbit hole, and started looking into the companies that he talks positively about. One of them stood out, and that brings us to... + +# Desert Metals (DM1) +Explorer with 1600km^2 of exploration rights up in the desert on the northern edge of the Yilgarn craton in WA called the Narryer Project. **Not** a nearology play, rather some geologists with a thesis who are proving it out. + +## Stock history +IPO raised $5M at 20c per share, then they listed on the ASX on the 18/12/2020 and opened at 48c. + +## Capital structure +**SOI**: 55M + 12.3M options. +**SP**: $0.61 +**MC**: $33.6M (fully diluted 42.39M) +**Top 20 hold**: 62.55% + +### Shares in escrow +- 4.8M shares and 3.65M options are escrowed until Dec '21 + +- 15.2M shares and 7.65M options are escrowed until Dec '22 + +### Options +- Robert Stuart: 1,500,000 ($0.30 strike, exp 30/10/23) + +- Fathom Geophysics Australia Pty Ltd: 2,400,000, ($0.30 strike, exp 30/10/23) (Robert Stuart is a director) + +- Mark Stuart: 1,600,000, ($0.30 strike, exp 30/10/23) + +- Anthony Worth: 300,000, ($0.30 strike, exp 30/10/23) + +- West Coast Geoscience Pty Ltd: 1,200,000, ($0.30 strike, exp 30/10/23) (Anthony Worth is a Director) + +- Morgans (IPO lead manager): 1,650,000 (30c strike, exp 18/12/23) + +## Management + +- **Dr Rob Stuart (Managing Director)**: Geoscientist, previously Program Manager for Minerals Exploration at BHP for Coppel/Nickel/Coal in Russia and Central Asia. Prior to that he was Program Manager for near mine exploration at BHP / Nickel West in WA. Director of Fathom Geophysics, who have developed in-house algorithms for interpreting major edge structures and done a lot of the geophysical work here. + +- **Mark Stuart (Non-exec Chairman)**: Lawyer, businessman. Formerly Non-Executive Director of Indo Mines Ltd and Goldstream Mining Ltd, Managing Director of Uranex Ltd and Clancy Exploration Ltd, and Non-Executive Director and then Chairman of Havilah Resources Ltd. + +- **Anthony Worth (Technical Director)**: Geologist, previously director of Alamar Resources. Currently Exploration Group Consultant for New Business with First Quantum Minerals Ltd + +Commentary: For a mining company, this is pretty minimal. They also have a couple of secretaries, but it's pretty usual to see the board blow out by now. For me it shows a tight ship - for others it could show that there isn't enough work to manage and/or that they're overburdening themselves by not bringing/letting anyone else in. I reckon I'm right, but we'll see. + +## Top 20 + +The list is [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02323289-6A1012910?access_token=83ff96335c2d45a094df02a206a39ff4) - 62.55%. Rob 10%, Fathom Geophysics 10%, West Coast Geoscience (Anthony) 10%, etc. Top 10 own **~50%** of the company. + +The number #1 individual holder, with about 18%, is Brian Rodan. Previously Executive Director of Eltin Limited (largest full service ASX-listed contract mining company) for 15 years, plus a [bunch of other stuff, mainly gold-related](https://www.businessnews.com.au/Person/Brian-Rodan). + +## The Geology +### The Yilgarn craton +If you haven't come across this bad boy before, then you haven't been investing in speccy miners in Australia. The Yilgarn craton in WA boasts some of the oldest, most scientifically and economically interesting intact geology on the planet. There's a lot of cool astronomical and geological history here, but this is long already so we'll leave it aside. For now, suffice it to say that a large chunk of the world's nickel, copper, gold and iron sits in this region. + +You probably know it at the moment from Julimar and the associated PGEs, and it's trendy to point to the Chalice press releases which point to the borders of the craton being specifically interesting for VMS deposits, but let's keep nearology at arms' length for now and stick to Desert Metals. A good explorer should have a thesis that stands up on its own and not purely in reference to some more successful company. + +The Desert Metals thesis, heavily paraphrased by me, is made up of two parts: +**1.** The interesting parts of the craton in terms of volcanogenic nickel and copper sulphides (and their coincident PGEs) are the edges. This is academic, but in practice Chalice agrees on the western edge, and Sirius agrees at the southern edge. DEG, for their part, sit on one of Australia's best gold discoveries in recent memory at the north-western edge of the Pilbara craton. +**2.** The northern edge has been underexplored, and where it was explored it's been explored poorly. + +Which brings us to... + +### The Narryer Terrain +The Narryer Terrain is the northern edge. Below it sits some of the oldest intact earth's crust on the planet, on the surface it's a desert. + +Desert Metals spent two years acquiring exploration tenements up there that nobody wanted, largely prior to Chalice's Julimar discovery and the metals boom bringing the Yilgarn back into the investment and exploration spotlight. They listed in December last year, with a view to explore it properly over an initial period of two years. + +In total, they have 9 tenements which cover 1665km^2 in total. + +By the way, as soon as Desert Metals released their prospectus and analysis, Chalice immediately staked right next-door. + +### Previous Exploration +Previous explorers either thought that the gravity and EM anomalies were magnetite, or did believe in the VMS story but didn't execute. (Full exploration history [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02323282-6A1012902?access_token=83ff96335c2d45a094df02a206a39ff4) - page 116) + +In 2010, for example, Aurora Minerals ran a VTEM survey over one prospect (Innouendy), and identified an anomaly. They drilled it, missed it, and ran some downhole EM to see where it might be. So far so good. They gave that data to a geophysical consultant (Newexco) who excitedly used it to model two big 'category 1' conductors, and went as far as to tell Aurora exactly where to put the drill and at what angle. Aurora didh't drill there, and instead (surprise) ended up hitting dirt. A couple of months ago, Desert metals drilled that same anomaly but in the right place and hit massive sulphides (largely iron, but traces of copper and nickel. Assays pending). They reckon that they've just missed/clipped the conductor and are running downhole EM on this much better hole to find the middle of it. + +A brief aside: typically the market loses interest on mention of downhole EM. The reality is that these deposits aren't easy to hit, and a real explorer will sometimes take several tries at one before they get the angle right and strike the valuable mineralisation (in this case, thick massive copper and/or nickel sulphides) within the conductor. + +In hitting these, DM1 have gone a long way to proving both points of that thesis. They're the first company to ever hit massive sulphides in the Narryer, and suddenly their theory is starting to carry some weight. It's not magnetite, or salt water, and the previous explorers *did* drop the ball. + +Long before Aurora, Western Mining drilled another hole further south. They were sticking drills in looking for chromite, but instead found 14m of 0.59% nickel. DM1 have interpreted their hole to sit about 100m south of where the real conductor should be. + +So, great, there are sulphides and nickel. Where does that leave us? + +### Current exploration +Right now, they're drilling the anomaly which Western Mining clipped. It's modeled to be 4 conductors, and they're drilling 7 holes into them. + +Over the last month or two, though, they have completed airborne EM over their eastern tenements and are still in the process of running ground EM over their western stuff (east will be done afterwards) to follow up on 6-12 anomalies spotted in February by the helicopter. So far, in addition, they've identified around 15 strong anomalies in the eastern areas which fit the discrete blob/eye shape and EM + gravity profile of nickel/copper sulphide deposits. + +Some of these have 3 or more discrete conductors. Some prospects (it's a very big area) also have all the hallmarks of the AngloGold Ashanti 'tropicana' gold deposits which sit right on the southern border of the Yilgarn craton. + +## Quick and dirty peer comparison + +**PUR** +**MC (fully diluted)**: $80M +**SOI (fully diluted)**: 1.2B +**Top 20 hold**: 38.67% +**Directors hold**: 3% +**Prospects**: Phil's hill (1 elongated anomaly), Sovereign hill (nothing concrete so far), Ablett (2 anomalies) +**Progress**: Geochem, airborne EM, some ground-loop EM +**Thesis**: Chalice nearology, no real validation as of yet + +--- + +**MAN** +**MC (fully diluted)**: $77.6M +**SOI (fully diluted)**: 517.5M +**Top 20 hold**: 41.78% +**Directors hold**: 0.93% +**Prospects**: Newleyine (3 anomalies), Tolarmo north and south (4 anomalies) +**Progress**: Geochem, airborne EM, some ground-loop EM, some historical drilling +**Thesis**: Chalice nearology, no real validation as of yet + +--- + +**CPN** +**MC (fully diluted)**: $126.2M +**SOI (fully diluted)**: 70.5M +**Top 20 hold**: 61.09% +**Directors hold**: 10.7% +**Prospects**: Yarabrook, Avena, Ovis, Aries, and 6x XC-# anomalies. +**Progress**: [all things listed for MAN & PUR, as well as...] Three diamond drills, assays pending. One showed disseminated sulphides and two hit some narrow-moderate widths of massive copper sulphides. Some geochem work at Mt Squires on the craton's eastern border. +**Thesis**: Chalice nearology, with pioneering work at Mt Squires further east. Some good validation of model and method. + +--- + +**DM1** +**MC (fully diluted)**: $41M +**SOI (fully diluted)**: 67.3M +**Top 20 hold**: 62.56 +**Directors hold**: 29% +**Prospects**: 8-10 discrete anomalies at Innouendy and Irrida hill, >10 discrete anomalies at Breakaway and Dingo pass, 1 large + strong conductor at Belele +**Progress**: [all things listed for MAN & PUR, as well as...] Two diamond drills with assays pending, seven more in progress. +**Thesis**: Unique, some good validation of model and method. + +## Cash +The prospectus outlined their expenditures until the end of 2022. That's not to say that they won't raise until then, but there's no immediate rush. The newly identified anomalies and potentially significantly expanded program could easily justify a raise at some point. + +## Immediate risks/rewards + +- The seven drills in progress will show visuals soon. This could go either way: a good hit of chalcopyrite and pentlandite will send it flying, all dusters will see it retrace. I'm not going to guess how much, but it's fair to say that plenty of people will have bought for Irrida Hill and won't stick around for the DHEM. + +- Assays from Innouendy: these should arrive in the next couple of weeks, depending on labs. There's not an expectation that they'll be economic hits since they haven't struck the heart of the conductors with these ones, but some good nickel and copper would be promising for the further work there and would further validate the thesis. PGEs are a wildcard here, if they show up then that will be a left-field thing that likely gets bought quite hard, if they don't then some left-field investors who bought for PGEs at Innouendy (why tho?) would sell. Assays will also check for cobalt. + +## Futher reading +- [Prospectus](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02323282-6A1012902?access_token=83ff96335c2d45a094df02a206a39ff4). Since they only listed in December, this is a great read and covers the thesis in detail, plus all of the risks. The second half is an independent report into their methodology and prospects for each area. + +- Recent exploration updates [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02370879-6A1031561?access_token=83ff96335c2d45a094df02a206a39ff4), and [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02382185-6A1035796?access_token=83ff96335c2d45a094df02a206a39ff4) cover most of the developments since the prospectus was issued, but it's really not a lot of work to go and read all of the announcements in order for such a young company to get a good feel for what they're doing and what's next. + +## tl;dr + +If you're after an early-doors Ni-Cu-PGE explorer that isn't excessively pumped up off the back of CHN and is actually doing some real exploring over a huge and promising area, check out DM1's prospectus and see what you think of their model. These are exactly the sorts of companies that find something - lots of skin in the game, plenty of ground and a solid plan. It's very rarely the hype-beasts, whose management hold nothing but some cheap oppies, whose most profitable discovery will almost always have been Next Investors' email address. + +Plenty of good targets, solid capital structure, heavily invested management, no bullshit. +From the creators and the first sports crypto ecosystem SPORTEMONGO. brings $DOG. MetaRaceWorld.  + +MetaRace is a play to earn NFT dog racing Metaverse where you can participate in dog races, breed NFT your dogs, grow your kennel, or training business and even build your own racecourse, or co-own a community racecourse. The earning potential has no limits and either does your profits. + +They've already built tons of strategic partnerships in the space and have launched their Native token of the eco system SGO to an all time high of over 120 Mil. DOG will be one of many economical tokens within the ecosystem that all feed into SGO and benefits players and holders from both tokens.  + +Staking is already up and live handing out a massive 2000 percent APY of SportemonGo as well as feeding a percent buy back on the SGO Chart. NFTs and other valuable products will be going live soon along with the pups, race tracks, and kennels. Fusion and breeding NFTs will also be apart of this ecosystem. They also have an exchange listing in place for Coinsbit as well.  + +This father son duo have seen it all in the past year and still stand strong within the community remain extremely active and continue smashing deals for investors. With the BSC being labeled the wild west, anything that is developed by this team is backed by one of the strongest communities in the space. And an investment you can rest assured will be putting in the work for you without the worry of any malicious intent.  + +DOG will eventually be totally community owned and driven within the ecosystem and much more information will be otw for new and potential investors +.  +Join their telegram community today for more updates and information + +https://t.me/MetaRaceWorld + +Upcoming roadmap +Q1 2022 +Platform BETA launch +NFT Dog Breeding (Smart Contract) launch +Breeding smart contracts deployed +Kennel NFT Assets Launch (Smart Contract) +Animated race simulation launch +Wallet integration + +BSCSCAN :  +https://bscscan.com/token/0x9dd6e2b6cd16df3a6ab400f1dbe56d410a4d8b52 + +Buy : https://pancakeswap.finance/swap?outputCurrency=0x9dd6e2b6cd16df3a6ab400f1dbe56d410a4d8b52 + +🌐: https://metadog.racing/ +🏧 : https://stake.metadog.racing/ +So I'm 45 and I have a lease that ends in April 2024. After which I plan on buying a home, townhouse or condo. Hopefully the housing market is a little more favorable towards buyers then (Northern Virginia - DC region). + +I have about $30,000 in a savings (not including the emergency fund). Right now it's just sitting in a high yield savings account (Ally Bank 3%). This money will pretty much be my down payment. + +I figure I take half that and put it somewhere else that can gain more interest. Am I better off leaving it all there or is there another safer investment I'm missing. Maybe a CD? + +I thought about the treasury I-bonds but if you withdraw before 5 years they take out the last 3 months of interest. +Hi all! + +The UKPF community continues to amaze me with its engagement, the usefulness of the replies that almost all questions receive, the active assistance you give us (the mod team) with post reports, and I'm just generally impressed with the direction the sub has gone. I "took over" the moderation when we had 5,000 users, and we now have 66,900! + +&#x200B; + +One of the areas I have identified as being ripe for improvement is our Wiki. This was mostly written by myself back in 2015/16, as a series of static articles, and most of it is in serious need of a re-write. + +&#x200B; + +However, the Reddit Wiki platform is awful, for various reasons. It allows us no understanding of how much it is actually used (no analytics whatsoever), it doesn't allow for layered categories, or straightforward organisation, and it only half-works on the redesign. Further to this, we can't include any rich content, and are reliant for off-site hosting for images (the fabled flowchart, for example). + +&#x200B; + +Inspired by the /r/fitness move to take the Wiki offsite ( see [http://thefitness.wiki](http://thefitness.wiki) ), I would like to do the same. I have produced a proof-of-concept at [https://ukpersonal.finance](https://ukpersonal.finance) . A web developer I am not, so it's pretty bare-bones currently, but this would give us the flexibility and feedback required to know if it's worth doing. + +&#x200B; + +If this kind of move gets a warm reception, my first step would be to improve the "I have £, what do I do with it", into a flowchart-esque decision-tree. + +&#x200B; + +Further than this, one of the attractions to taking the wiki offsite is to expand the reach away from Reddit, and encourage users that wouldn't otherwise find the site to engage with the sub. I envisage a two-way flow of people from the wiki to reddit and back again. 66,900 is a great number, but I wonder how many more we could reach if there was content featured in (for example) the national press, or on sites like money saving expert. + +&#x200B; + +The next thought I had was that I could probably get high-profile personal finance people to write blog posts, and link them to AMAs on Reddit, again facilitating the flow of new users to Reddit and Redditors to the site. I would also envisage a weekly(ish) digest of "interesting posts" on the blog, that might reach a non-reddit audience and encourage them towards the sub. + +&#x200B; + +My reasoning for this is basically that we have a fantastic resource here, that is naturally limited in reach thanks to Reddit's discovery mechanisms/reputation. There are literally millions of people in the UK who would benefit from the content and wisdom we have on here, and this would be my own little way of trying to push it towards them. + +&#x200B; + +The obvious question I suspect I will receive is "yeah but how do you plan to fund this?" or, less charitably "are you planning to shill all this lovely free content for the financial gain of yourself/the mod team?". + +&#x200B; + +The short answer is that for as long as I need to prove the concept, I'm happy to self-fund the hosting, but I'm definitely interested to hear from regulars here how they'd feel about (for example), clearly demarkated advertising appearing on the site. + +&#x200B; + +So, tell me what you think! + +&#x200B; + +I broadly want to know the answer to these questions: + +What do you think to an improved off-site wiki? + +What do you think to an associated blog? + +What do you think to us funding the blog with methods like advertising or patreon-style subscriptions or other esoteric sources I've not considered already? (I'm getting ahead of myself by a significant amount here, but I feel like if I don't ask this question, you'll probably be asking it yourself anyway) +original thread https://www.reddit.com/r/personalfinance/comments/2xqo64/i_think_my_bank_teller_miscounted_my_cash_deposit/ + +So I went into the bank first thing this morning. They were not aware of the error but because of the sum they told me they would do a hard count this morning. When they called me with the result it turns out that I was correct and they were missing $1,000. + +Two factors contributed to the clerical error: first off, my teller had done several cash swaps with another teller that day so they assumed the $1,000 was missing in those transfers. The second factor was that she counted $6,090 but entered $6,900, then she realized the mistake and tried to fix it but the "69" was stuck in her memory, therefore she wrote down that I gave her 69 $100 bills plus several $20s and a $10. + +This is a small town credit union so they don't have counting cameras. They were very grateful that I came in because not only would the teller have gotten in trouble, but the wrong teller would have gotten the blame because they assumed the problem was in teller #2's cash transfers. Actually, it sounds like they were willing to shrug it off, but I'd hate to see someone's career tarnished over something like this. + +As of now everything is squared up, they removed the $1,000 from my account and I think everyone walks away with a little life lesson. +We've seen a lot of pessimistic posts about the U.S. economy and how we're all screwed. Are there any optimists who would like to try to explain how all of the pessimists are wrong? How can we pay off the debt, create jobs, etc? +Edit: A lot of responses but not many realistic scenarios of how we will get ourselves out of the mess. I too think that if we could make rational political decisions we would have a better chance but I don't see that happening anytime soon. +I’m curious who here manages to make $100 or $500 or even a $1,000 a day? Do you have a daily goal to reach and if so what is it and how do you obtain the goal? From reading some of you tend to very meticulous and others shoot from the hip, I’d like to hear some of your daily tasks. Preferably from someone on the more aggressive side but all stories welcome. +If part of the recent narrative is to promote stop losses that means two things: We're close to a run up, and they're definitely going to try to shake some investors loose with a dip first. + +I realize most of us here already know that these swings can be violent, and wouldn't risk letting some tech paper hand for us. But for the few who might not know, get rid of your stop losses and double check your broker isn't going to automatically sell to take profits. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Why do some people go somewhere and pay for them to do their taxes when there are places/websites that will do it for free? Is there a benefit for one over the other? +So they have a new product coming out, I think its just called 10x. its an annual subscription service for $1,299 (lets see how well that'll sell lol) which they will release 40 companies that they think have potential to reach 10x valuation from where they are today. + +I got about 10 different emails within the last couple of days calling it their "boldest project ever" so I finally watched it. + +They mentioned 3 of the 40 stocks that could get to 10x value earlier today which were pinterest, lemonade, and opendoor technologies. + +So there ya go. Dont know enough about these companies , but I sat through the video so you don't have to. +I have not seen this posted, came across this tonight. First time I have seen this blog, going to read through some of his other posts, as this one is very interesting. + +https://minafi.com/interactive-guide-early-retirement-financial-independence/ + +From the blog: This article is an experiment — a cross between a choose your own adventure book and a calculator while also being a guide to help you understand the numbers behind early retirement and financial independence. +It looks like it has been about 18 months since the "what do you drive" question has been asked. + +[https://www.reddit.com/r/fatFIRE/comments/bdaf37/current\_cars\_of\_fatfire/](https://www.reddit.com/r/fatFIRE/comments/bdaf37/current_cars_of_fatfire/) + +My guess is with the booming asset values we are going to see fewer Hondas in the comments. + +Also with the number of Teslas on the road more than doubling in the past 18 months (in incredible thought) we will see a whole lot of S 3 X cars (and sometimes Y). + +Maybe to put an extra twist on it, if you are shopping or considering a car purchase, what are you thinking? + +We are in a 2015 Q7 for our family. Thinking about replacing it next year with the new Q7 hybrid. +Guten Morgen to all of you Great Apes across the world! 👋🦍 + +Diamantenhände HODL through it all - through dips, through FUD, and most certainly through every attempt to provoke Apes to sell. Yesterday's US market had higher volume, coinciding with many low-effort attempts to make Apes feel discouraged. The SHFs are *really* trying to make us sell low. + +On a related note, I'd like to thank u/pinkcatsonacid for everything she does and has done for this community, and offer unconditional support for the personal decision she announced today. It's obvious that the shills stepped up their "mod drama" narrative, trying to add fuel to an already difficult situation. Mods of r/Superstonk: you are appreciated and you have our support. You cultivate a community in one of the most challenging environments on Reddit. Thank you for *everything* you do, and take care of yourselves. + +Today is Wednesday, July 14th and you know what that means! GMErican Apes are (or should be!) asleep, so join other apes around the world to watch low-frequency updates from a single German exchange! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$182.21 / 153,90 €** *(volume: 293)* +- 🟩 115 minutes in: $181.32 / 153,15 € *(volume: 280)* +- 🟥 110 minutes in: $181.12 / 152,97 € *(volume: 258)* +- 🟩 105 minutes in: $181.80 / 153,55 € *(volume: 253)* +- 🟩 100 minutes in: $180.97 / 152,85 € *(volume: 253)* +- 🟥 95 minutes in: $180.91 / 152,80 € *(volume: 249)* +- 🟩 90 minutes in: $181.32 / 153,15 € *(volume: 238)* +- 🟥 85 minutes in: $181.12 / 152,97 € *(volume: 221)* +- 🟩 80 minutes in: $182.03 / 153,75 € *(volume: 205)* +- 🟥 75 minutes in: $181.03 / 152,90 € *(volume: 171)* +- 🟩 70 minutes in: $181.32 / 153,15 € *(volume: 170)* +- 🟥 65 minutes in: $181.09 / 152,95 € *(volume: 168)* +- 🟥 60 minutes in: $181.38 / 153,20 € *(volume: 167)* +- 🟥 55 minutes in: $181.53 / 153,32 € *(volume: 153)* +- ⬜ 50 minutes in: $181.86 / 153,60 € *(volume: 97)* +- 🟥 45 minutes in: $181.86 / 153,60 € *(volume: 97)* +- 🟩 40 minutes in: $181.89 / 153,62 € *(volume: 84)* +- ⬜ 35 minutes in: $181.86 / 153,60 € *(volume: 84)* +- ⬜ 30 minutes in: $181.86 / 153,60 € *(volume: 84)* +- ⬜ 25 minutes in: $181.86 / 153,60 € *(volume: 80)* +- ⬜ 20 minutes in: $181.86 / 153,60 € *(volume: 78)* +- 🟥 15 minutes in: $181.86 / 153,60 € *(volume: 78)* +- ⬜ 10 minutes in: $182.00 / 153,72 € *(volume: 71)* +- ⬜ 5 minutes in: $182.00 / 153,72 € *(volume: 61)* +- 🟩 0 minutes in: $182.00 / 153,72 € *(volume: 0)* +- 🟥 US close price: $180.06 / 152,08 € *($178.31 / 150,61 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from a single German exchange and converting to USD. Today's euro -> USD conversion ratio is 1.18395457. There are occasionally small differences in price that are below the rounding error to two decimal places, which can lead to colorful boxes without obvious price change. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Two weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've been a RE investor for 12+ years now and have quite a healthy portfolio. However, in late 2020 I learned how to trade options. + +My mind has been blown at the monthly yields I've been able to obtain on my cash in the market vs my rental portfolio. Thus far, I've been able to make the same return in 6 months what would normally take me an entire year to get in RE with minimum risk. The insane part is that I'm able to do it with a few clicks of the mouse vs dealing with all of the headaches that come with managing your own units. + +Am I crazy for thinking I should steer clear of any more acquisitions and focus my efforts on trading instead? + +PS. For those asking, I am mainly writing CSP's or a CC. I very rarely, if ever, will buy a contract. #ThetaGang +I've been a RE investor for 12+ years now and have quite a healthy portfolio. However, in late 2020 I learned how to trade options. + +My mind has been blown at the monthly yields I've been able to obtain on my cash in the market vs my rental portfolio. Thus far, I've been able to make the same return in 6 months what would normally take me an entire year to get in RE with minimum risk. The insane part is that I'm able to do it with a few clicks of the mouse vs dealing with all of the headaches that come with managing your own units. + +Am I crazy for thinking I should steer clear of any more acquisitions and focus my efforts on trading instead? + +PS. For those asking, I am mainly writing CSP's or a CC. I very rarely, if ever, will buy a contract. #ThetaGang +About a month ago, I started noticing payments being made to my credit card that I did not make. I called up my CC company and they confirmed that it was a payment by check and for my account. I got nervous and asked them to cancel the account number and send me a new card. Now, a month later and with the new card and account number I am still get payments. I have stopped using the card, and have set aside the money needed to pay it off (in case they finally figure out their mistake). I haven't been using the card, and now the balance is in the negatives, as someone continues to mail in money. + +Sometimes the money is for rounded numbers, but last week they sent in a payment for exactly as much as was left on the card. Yesterday, another $500 check was deposited. + +I'm not sure what this is, or what to do. I know its not a benefactor, as nobody I know has money like this, and nobody would know that I have a credit card, let alone what company it was with. + +At this point I want to cancel the card completely... but has anyone had any experience with this? What should I do? + + +[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!* +&#x200B; + +https://preview.redd.it/nxvsymlvsun81.png?width=1112&format=png&auto=webp&s=8cc95bae8bd6a27b83625d7c6f8c5fb1c0927c51 + +Original post: [https://www.reddit.com/r/Superstonk/comments/tftj4s/the\_fed\_voted\_unanimously\_to\_raise\_interest\_rate/](https://www.reddit.com/r/Superstonk/comments/tftj4s/the_fed_voted_unanimously_to_raise_interest_rate/) + +I commented on the original post, but not sure if it will be noticed. I also want to create a dedicated post for this because I'm a bit tired of seeing this kind of lazy shit getting upvoted so easily...and on the eve of earnings, no less. This post is now near the top of "Hot" and it is just embarrassingly false. The quotes and links are somewhat right, even the supporting info is as well, but the conclusion is 100% BS. + +&#x200B; + +OP claims that because the fed increased the interest rate paid on reserve deposits held with them to 0.4% it means that banks must now keep a reserve balance of at least 0.4%. No. This is not the case. It means exactly what it sounds like. The Fed is now paying 0.4% interest on any reserves that banks deposit with them. It is incentivizing banks to keep reserves and deposit them with the Fed, but it doesn't REQUIRE them to do anything. The official link OP provided: [Official Statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a.htm) doesn't even have the phrase "reserve requirement\[s\]" on it. It's not even the best thing to look at to see what policy changes were actually made today. Here is a much better summary: [Monetary Policy Implementation Decisions](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a1.htm) + +&#x200B; + +This is the most recent document I was able to find on reserve requirements (updated Jan 2022): + +[https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a1.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a1.htm) + +Spoiler: >!Reserve requirements are still 0%!< + +&#x200B; + +I don't even have two wrinkles on my brain to rub together so I don't want to get into a full analysis of the policy changes as I'm sure someone else can do a much better job than I, but I wanted to address this since it got upvoted so much with no pushback at all as far as I can tell. + +&#x200B; + +**TL;DR:** The Fed didn't increase reserve requirements for banks. It's still at 0% so their infinite money glitch remains intact. Also, I'm sure OP is a great person, but it astounds me that someone could write that many words without actually being able to read. Seems like a lot of copy pasting tbh. +Hello everyone. + +A close relative wishes to gift me roughly 150k dollars from an account they have in Switzerland. + +How does this work in the UK? +Do either me or the relative need to pay tax on the gift? +Do I need to declare I received the gift? + +By the way I heard about that if the gift or dies within 7 years there may be inheritance tax. It is unlikely they will die in 7 years. + +Thank you. +I have my entire year planned out, savings goals in place, and FIRE constantly on my mind. I'm determined but, then things like this happen: + +My friend posted a link to a concert announcement in a group text. Naturally, everyone was excited and chatting about it. Almost instantly, I decided that I couldn't/wouldn't go. The tickets were expensive and the flights to get there even more so. + +Fast forward a week and the tickets go on sale. My phone BLOWS UP with everyone saying they bought their ticket, making plans, etc. So, I am sitting there feeling left out and lonely af. A few minutes later, I'm entering my credit card info and I spend $1000. ($300 for the ticket, $700 for the flight). I instantly feel like shit. $1k to do drugs and dance with my friends for two days. Worth it? Idk. + +I am still on track to save $40k this year but it's only February. I'm sure there will be many more random concert/festival announcements in my near future. This always happens to me. I feel left out and decide to fly halfway around the world and spend ungodly sums to hang out with the people in my life. How do I deal? + +EDIT: Ok, your responses are really good. Here's my action plan. + +1. Fucking be realistic in my budgeting. Be sure to have a fund for random fun times. +2. Adjust my perspective on FIRE. It's not a zero sum game. This isn't a religion. I can create my own vision of FIRE which complements my life and goals. +3. Figure out why I feel negative emotions when I am unable to or decide not to attend events or go on trips that I'm invited to. This is a difficult one but, it's clearly necessary. + + +EDIT 2: Ahh, the good comments keep coming. You guys have seriously made a positive impact here. Thank you. +https://youtu.be/QFgRxdqf5zA + +He says it in the above video after 19:35 (Sorry for my bad YouTube linking skillz) + +It’s from a recent talk he gave, where he is talking about his book that he published. Most of the stuff is going over my head, but I’m just trying to understand the basics of US economy. +I have a decent paying job and my wife and I can probably retire in the 50-55 range if we are reasonably frugal, which we are. My job is 8 hrs, regular work week, lots of vacation and benefits....but I hate it. Every day here is miserable. + +&#x200B; + +Why? + +&#x200B; + +Because I have nothing, really to do. I have a series of tasks that I may or may not be asked to accomplish. Nothing to contribute, nothing to achieve. No sense of pride or personal value. I will do the same thing next week as I did last, and the same in 10 years. 20 years. And I'll mostly surf the web for at least 50% of my time. It's killing me to be so...unnecessary. I collect samples at a chemical plant. That's it. + +&#x200B; + +I'd love to go back to school and get a trade, but is the working world really any better for anyone else? The worst problem I have with my job, and literally every job that I've ever had, is that I am bored, most of the time, just wiling away the hours until I can go home. I'm wishing away my life so that I can 'retire', only by the time I get there, my kids will be moved out and I'll have had an empty life of misery behind me. So what was really the point? Am I going to restart at 55, or be to ruined from living 25 years with my brain switched off, and not have the power to boot up again? + +&#x200B; + +I sat in a meeting this morning while the power's that be argued about how to micromanage our time, and was literally thinking how I could go about breaking my own arm so that I could access a few weeks of paid sick leave. That's really not what I want out of my working years. + +&#x200B; + +That said, it's totally stable and secure, and I'll never have to worry about money as long as I work here. + +&#x200B; + +Which is worse? Are things really better out there? I hear so many horror stories about others' jobs. And I have never enjoyed any job I've had so I have trouble envisioning that change could be an improvement. + +&#x200B; + +Is the grass really greener on the other side of the fence, or is it only because I'm not over there fucking it up? +Just wondering why everyone evaluates O so much higher them MAIN. Today O is down 1% MAIN up 1.5%. I know a weekly or daily trading average means almost nothing, but it’s interesting. Ideas, thoughts!? +Pretty much title. I know it's hard to find the best of both worlds but I'm curious if any of you have know of solid growth companies that pay a divi. Not looking for high yields, mind. +It’s only about 3% yield and sure it’s got a low MER (0.06% from what I’ve seen) but why is it so popular? + +I’m a dividend investor myself but find it can sometime be better to invest in individual stocks when going for dividends +🐔$TENDIE 🐔 - Hyper-growth betting protocol built by ex Wall Street Traders and Swiss Bankers. + +🚨www.tendieswap.org (http://www.tendieswap.org/)🚨 + +The Future of Decentralized Betting - By the people, for the people. + +A fully community run DAO protocol. +