diff --git "a/reddit_finance_43_250k_253.txt" "b/reddit_finance_43_250k_253.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_253.txt" @@ -0,0 +1,10000 @@ +šŸ’Ž Trade 5 minute options on crypto like a true degenerate Wall Street trader + +šŸ’ŽMAYWEATHER vs LOGAN PAUL and further sports and financial events betting pools dropping soon + +What is TendieSwap? + +TendieSwap, and itā€™s utility token Chicken $TENDIE is the first crewed mission to revolutionize the betting industry šŸš€ + +TendieSwap is a non-custodial prediction protocol that enables users to earn unlimited rewards on high-yield prediction markets. TENDIE ($TENDIE) is the utility token of the TendieSwap ecosystem and is based on the BEP-20 token standard with a dual deployment to MATIC coming soon. + +TendieSwap Predictions: A tool which enables you to make money based on where you think certain coins are headed price-wise. So for example if you think BNB is going to be higher from current oracle locked price in 5 Minutes then you can bet this and make money off your theory. BNB prediction is live, DOGE, BTC & ETH coming soon! + +DAO: The entire protocol will be run by the community through our DAO. The system will be based on tokens held and will take in votes for all decisions on the protocol. + +TendieSwap is the new GOAT of Prediction Markets. We will offer an Automated Market Making algorithm that enables users to create automated prediction markets with integrated options & pricing calculation. Later down the road, users will be able to set up their own bets and get others to take the other side. REAL DECENTRALIZED BETTING ENABLED! + +Full ROADMAP on our Medium. + +$TENDIE to the moon! + +ROADMAP +Coming Soon: +šŸš€ More coins to bet on +šŸš€ Sports and financial events betting pools +šŸš€ Advanced burning mechanisms (contracts to be deployed to testnet) +šŸš€ DEX, DAO & Dual Deployment on MATIC + + +Socials: +šŸ£Twitter: https://twitter.com/tendie_swap +šŸ”Telegram : https://t.me/tendieswap +šŸ” Medium: https://tendieswap.medium.com/ + +GET YOUR CHICKEN TENDIES!! + +$TENDIE TOKEN ADDRESS : 0x9853A30C69474BeD37595F9B149ad634b5c323d9 + +Disclaimer: $TENDIE is a high risk coin. Invest with care and always do your own research. +I firmly believe this. I'll repeat it: **you haven't earned anything and you haven't lost anything until you sell.** + +Is your portfolio up by 100%? 200%? 300%? Great, but you see, you haven't earned anything at all, because you haven't sold anything. + +Or is your portfolio down by x%? Well, I have a great news: for the same reason, you haven't lost anything, because you haven't sold. + +*As long as you don't lose your initial invested capital*, it's fine. The only thing you would lose is a potential gain. Nothing more, nothing less. So, try to secure your initial capital and you'll be okay. You'll be much more calm and relaxed during these times. + +At least, this is what works for me. In the end, this is just my philosophy. Feel free to insult me or whatever. Peace! +Iā€™ve been reading about strategies where you generate buy and sell signal based on when moving averages of different look back periods cross each other. I was wondering if anyone was aware of research that studies this from a statistical perspective. Iā€™m interested in questions like can you turn the buy/sell signals into a significance test? Can you assign a probability and variance to the buy and sell signals? +What is a good way to detect when a stock is about to rise due to a short squeeze? The number of shorts passes the number of available stocks? What are good resources to track these numbers? +Hello everyone, I'm trying to build an algo and I need to define if the PA is trending (UP/DOWN) or neutral. Can anyone suggest a programmable way to test if weather a market is trending or not? I was thinking of MA's but how would I test for a neutral market? + +Thanks +Now, with a lot of smoke clearing bit by bit around the situation of last several days (by smoke meaning the very variable estimations of exactly how much money and how many banks and investors are losing on this Archegos fiasco) is surfacing an interesting possibility - They may not have owned much of the actual securities, "if any at all." + +&#x200B; + +[Bloomberg article](https://preview.redd.it/l9t3e77416q61.png?width=1304&format=png&auto=webp&s=e98d800a65c0a46db995ea1c0510c6454125da0f) + +How is this even possible? Is this a common "business model"? + +How big is the SECs blindspot? + +[Link to the full article](https://www.bloomberg.com/news/articles/2021-03-29/billions-in-secretive-derivatives-at-center-of-archegos-blowup) +Six month update can be found here: + +https://www.reddit.com/r/financialindependence/comments/ayen19/my_first_six_months_of_fire/ + +TLDR: I FIREd one year ago and man, has this year gone by quickly. The plan worked and while itā€™s been a wonderful time I did have some surprises along the way. + +**A Brief Recap** + +Iā€™m not using a throwaway account and my identity is easy to discover so I wonā€™t be using any actual figures. Suffice to say Iā€™m on the fat side of FIRE but by most definitions, itā€™s pretty low on the Fat scale. + +I had a 25 year career in television news in NYC. My income was higher than average but in no way close to some of the software engineers or doctors on this sub. In my six month update someone guessed my income was 200k and another person suggested it was 500-600k. I never got close to 200k and neither did my wife. + +The original plan was that my wife and I would retire at the same time but since she likes her job and can do it from anywhere, she continues to work. At any time she can decide to stop working and the plan stays the same. + +Major events in our lives that helped us FIRE started with a literal fire. In 1997 my wifeā€™s house burned down and we were able to turn tragedy into triumph by investing the insurance money as we rebuilt the house. I have two rental properties. Iā€™m trying to sell one at the NJ shore now but there isnā€™t really demand for three unit rentals. Oversized single family homes, however, are selling for ridiculous prices. + +Although frowned upon (or worse) on this sub we have owned a timeshare for 20 years and loved it while working. Itā€™s been even better now that we can travel more. Went to Utah in April and are planning to go to Arizona in November and Colorado in January or February. In Oct. of 2020 weā€™re going to Hawaii. + +**Labor Day** + +This had a lot of significance for me through the years. When I was a kid it meant going back to school after spending the summer at my parentā€™s vacation home / rental property at the Jersey Shore. As an adult it meant that the long weekends Iā€™d take were over and it was back to a regular schedule. Now that I live here at the Jersey Shore for six months, it means I watch all my friends do those things and I enjoy the weather, the boat, Waverunner, paddle boarding, and running on the boardwalk without any of the crowds that were here in the summer. Labor day used to be an end to something now itā€™s the beginning of something new as I prepare to go back to CA for six months. + +**First Year Observations** + +I wanted this year to be a test for what life will be like going forward. We wanted to watch our spending carefully and live as frugally as possible just to make sure we had everything right. I avoided big ticket items. The golf cart that came with the house we bought in CA needed to have all the batteries replaced at a cost of around $900 or we needed to buy a replacement golf cart, probably $3,500. When I was working it would have been an easy decision ā€“ buy a new one. I did nothing and will decide what to do when I return to CA next month. Since our spending was good, Iā€™m leaning toward a new one but some big expenses are coming up. One of the air conditioning units broke at our house in CA but rather than fix it, Iā€™m also waiting until we return in October. + +My rental in CA is going well and my excellent tenant wants to stay another year. He did ask for some big ticket items like having a retractable awning installed on the patio and replacing the curtains with blinds or shutters. Iā€™ll probably add the awning since it will increase the property value but not the window treatments. + +The biggest surprise for me was that our eating out budget was way more than I thought it would be and not in the place I thought. I figured weā€™d go out to eat a lot more when weā€™re living in CA since we have lots more retired friends there. It turns out we just have dinner at different friendā€™s houses. In NJ since our kitchen is small and family and friends visit on the weekends, weā€™ve gone out a lot more than expected. It wonā€™t break the budget but it was surprising. Iā€™m surprised how much we spend at our local microbreweries but thatā€™s where we hang out with most of our friends so itā€™s money well spent ā€“ and the beer rocks. + +**Lifestyle inflation** + +In my 6 month update I mentioned that I believe that some lifestyle inflation is not only inevitable, but necessary for a happy life while you pursue FIRE. My biggest lifestyle splurge was my boat. I thoroughly enjoy it and was willing to pay for that experience. Unfortunately after only four years my boat had a major engine issue that would have cost $10,000 to fix but luckily it was under warranty. Now Iā€™m looking at new boats ā€“ weā€™ll see if thatā€™s in the budget. + +**Getting FIRE Right** + +My key takeaway after a year out of work is that perfect planning and perfect execution are impossible. I split my time between the two highest tax states ā€“ that definitely wasnā€™t perfect planning. The good news is that you can be pretty far from perfect but still succeed. I've literally had people on this sub call me an idiot or stupid for things Iā€™ve done. For instance Iā€™m not an advocate of maxing 401k or IRA at the expense of not investing in a taxable account. I never maxed those accounts myself. Now that Iā€™m retired I donā€™t have to worry about a 72t, I just withdraw from my taxable brokerage. I use a version of the three bucket method and was told itā€™s just a mind trick and doesnā€™t really do anything for you. Thatā€™s fine but itā€™s a mind trick that works for me ā€“ no need for perfection just success. + +**The Retirement Reality** + +We pinch ourselves and ask ā€œhow is this possibleā€ on a daily basis. During the winter months we live in a gated community in southern CA with the most [stunning mountain views](https://i.imgur.com/JVlmHza.jpg) you could ask for and we live at the beach with an awesome boat and waverunner to enjoy on a daily basis in the summer months. I had [this picture](https://i.imgur.com/Tq5rPLN.jpg) hanging in my office when I was working and now this is my life. It was definitely worth it. Weā€™re members at and play tennis where the largest non-major tennis tournament is held in Indian Wells. Hereā€™s [Roger Federer practicing.](https://i.imgur.com/MbYxOpM.jpg) + +I was surprised that I didnā€™t do nearly as much hiking as I thought I would and I plan on changing that once we get back to CA. + +In my previous update I said that Iā€™d lost 40 pounds and compete in half marathons and now triathlons. Well, I came in second place in my age group at a trail half marathon in Utah and my wife came in first in her age group at the same race. + +I had a crazy mishap at what would have been my second triathlon this summer. I got chemical burns to both my corneas from the anti-fog spray I used on my goggles. I was basically blind for two days and it took over a week for my eyesight to return to normal. Iā€™ve already signed up to do that tri again next year, not letting anything keep me down. + +Another six months past and we have not been bored for one second. As a matter of fact, I havenā€™t even had time to read a book (though I am writing another one). + +Weā€™re just taking things as they come and enjoying life. +Come get a hit of this sweet confirmation bias!!! + +Todayā€™s low volume (weā€™re currently at 9.3 million - will likely end the day around 10 million) just confirms to me the biggest theory that has been floated around. + +**The big long whale(s) exist!** (BlackRock? A coalition of hedge funds? Et al?) + +Why are we able to come to this conclusion, based off of the market action today? + +The low volume, on a pretty major catalyst, tells all. + +For reference, on February 24th when the only known catalyst was The CFO resigning and a Cohen šŸø tweet, the volume was pushing 80 million. The day after, February 25th, volume was 150 million. + +And yet... here we are. 10 million volume on big chairman news, and a confirmation date for the annual shareholder meeting. + +What does it mean? + +1. As important as the ape-factor is, the massive green parabolic movements are caused by some OTHER external force (the whale(s)). + +-If it were solely apes causing this movement, we wouldā€™ve seen a ton more volume today. Apes are all over this new catalyst. + +2. The big volume (and correlating uptrend in price) is NOT caused mainly by FOMO or hype-investors. + +-Thereā€™s been adequate news coverage about this chairman announcement. The articles have not been over-the-top bullish, but the facts are stated. Ryan Cohen - to be elected as chairman. + +Which leads to the big point + +**3. Whales are responsible for the big volume, for pinning/pushing the price** + +THEY decide when we go up. If it were solely up to apes, it would have been on the moon today. + +Is this a bad thing? No. Whether we like it or not, our job is to shuffle the deck, deal the cards, while the big boys clean up and make sure the house (us) gets paid. All we need to do is hold (to increase the power that low-volume, high-volatility upswings can cause) and buy dips to stabilize the stock. + +My next point takes it a step further; + +4. This is all part of the plan. + +-Each tweet by Cohen, calculated with the aid of market movers. Each Gamestop filing and announcement, in lockstep with the market movers. Everything has been released to a pre-planned schedule. The plan may change and flex, as shorts invent new methods of fuckery, but the longs run the casino. + +Ryan Cohen is an awesome, brilliant guy. Undoubtably. But to engineer this takeover, pivot an existing company, and potentially capitalize on a short squeeze (donā€™t ask me, look at $GMEā€™s own filings!) takes a ton of technical knowledge, securities law knowledge, planning, investment banking savvy, a quantitative analysis team, etc. I doubt heā€™s going about this process all willy-nilly, haphazardly tweeting shit out and hoping for the best. If only he had some contacts that know exactly how this game is played. Letā€™s say, from the biggest investment management company in existence...? + +The historical ties of Cohen to BlackRock have been documented in many previous DD threads. They were one of the first funders of Chewy. They are a big shareholder of GameStop. They have the voting power to stomp out the phony former CFO, to fuck the shorts, and to successfully pivot GME to a new future. + +Most importantly, they may be the big shareholder who will want to recall shares for the upcoming shareholder vote. Letā€™s say a BlackRock share has been lent out several times. One recalled share from BR means that... 5? 10? 20? shares have to be located and purchased. + +I think the press releases and filings (from the beefed up 1 billion/3.5million share ATM offering), the announcement of the new board, paid purely by stock, these are the necessary steps that allow Gamestop to successful pivot into e-commerce, allow a world-class c-suite to be afforded, and allow the powers-that-be to capitalize perfectly on the inevitable squeeze. Because when the long-whale decides to hit that **ā€œRECALLā€** button (just imagine how many shares the whales own, with the massive past volume from $40 to $350, from $115 to $180, etc), the short Game is Stopped. + +TL;DR the plan is coming together. Buy and hold. Bears r fuk. + +This is not investment advice. Youā€™re dumber than I am if you misconstrued it as such. +I happen to live in a vacation destination and have an extensive family background in vacation real estate, so from the beginning real estate was my plan for FIRE. Right out of grad school, I lived with my parents for 2 years, saved like crazy, and bought my first property in 2018. + +I bought that property for $362k. First year (2018) it grossed 35k. With a lot of DIY I have made some good improvements & rental incomes have steadily increased. This summer it will gross over 60k. It is cash-flowing but I put 100% of profits (plus extra from my own income) into improvements & paying down the mortgage aggressively. Vacation rental rule of thumb in this market is that once mortgage is paid off, you can expect to pocket about 50% of gross after all expenses. My goal is to have that mortgage paid off within 10 years. + +This spring I had saved another down payment and living with my parents was getting old, so I purchased a second property with the intention to live in it basically forever. (my career is remote, I can live anywhere and I like the beach, what can I say). I paid 397k for it in March 2021. Been paying minimums on that mortgage because it's such a low interest rate. + +So my FIRE plan was simple: keep working & saving aggressively, buy rental properties as I save up more down payments, pay them off from rental income and build a portfolio to replace my employment income, manage all of it myself to cut costs, and then eventually hopefully (at least partially) retire by 45. Hope for some steady appreciation in property value to supplement net worth. + +But this spring something insane happened, and keeps happening in vacation real estate markets all over. The market went absolutely and totally bonkers. I am not kidding. My mother has been the leading real estate agent in this county for over a decade and her mind is blown by what is happening. She knows this market better than anybody on the planet, so when I talk about valuations know that I'm getting my info from her. My house that I bought for 397k? It was worth 50k more than that on the day of close. I could get 500k for it today and probably start a bidding war. The rental is worth well over 600k, nothing like it has come on the market in the last week so it's hard to say. There is no inventory and properties have 20+ offers the day they go on the market. Then sell for 10-20% over asking. Nothing appraises but somebody is there offering cash so they sell anyways. Prices are going PARABOLIC and it's terrifying. + +Then last week a certain computer company announced that they are building a huge new campus in the nearest large city, and I know that is only fuel on the fire. + +Clearly this is a bubble. My instinct is to sit tight, keep paying down the mortgages and stick to the plan. But is that really the best use of this new capital that's fallen into my lap? If I sell something I pay capital gains on either property. And then what do I do with that money? The stock market is bonkers too right now. I have to pay bubble prices if I try to buy something else locally. And buying an investment property elsewhere defeats the purpose of my "live local to rental properties so I can manage them myself and save $" plan. Plus vacation markets all over are going nuts like this. But at the same time if somebody handed me a check for $500k right now, I don't know that I'd go buy more real estate, so is that a sign that I should be pulling some cash out? + +Anybody have advice? If my goal is retire by 45, do I keep my head down or try to capitalize on this windfall? + +**tldr: crazy market tripled my net worth overnight, not sure what is the best choice in terms of FIRE** + + +Stats: (not as amazing as some here, but working on it slow and steady) + +31, 90k salary, 100k in retirement accounts, ~80k in savings accounts (this is mostly business capital for planned renovations, I flipped a condo and made a bit of cash to put into the rental property & primary home this winter) + +I max my IRA and my 401k gets 5% + 4% match. + +mortgage 1: owe $250k @ 4.5%, worth 600k+ + +mortgage 2: owe $310k @ 2.75%, worth 500k+ + +otherwise debt free. +Warren Buffet said to follow your gut... + +I rediversivied my 8k portfolio. I had about 25%YTD from nvda, Qualcomm, apple, etc. + +to + +100% TSLA +And my next paychecks are going towards bitcoin + +I'm 28 and with no kids LETS GET RICH! +Iā€™ve read about setting up a Vanguard account for your toddler or baby, then allowing compound interest to grow until they are 18 years old. This teaches the value of compound interest, which is a valuable lesson in itself. Most of these suggestions come from the US, anybody know how to go about it in Australia? + +Iā€™d like an account that wonā€™t mean tax returns for my child, or complications with the ato for myself also. Iā€™m planning to invest around $10k and then add each month a smaller amount. Something like spaceship etf/app would be easy. Iā€™d like to ensure that the funds couldnā€™t be drained by myself or the other parent in ā€œemergencies ā€œ. Any advice welcome. +Has your philosophy about finances changed? + +I used to be frugal. I used to cringe every time I spent money, whether it be a $10 lunch or a $100 video game. Saving money was a priority that drove a lot of my thought processes and decision-making. I often asked for discounts, negotiated down prices for different things and avoided going out. Many of these habits remain, but I think the intensity of these emotions is much less now that I have become more mature. + +I think that nowadays I take a longer-term view to finances. Of course, I would still consider myself relatively conservative in how I spend. But I recognise that I need to use my mental resources in a more efficient, proportionate manner. + +For example, why be fussed about saving a few dollars at a supermarket when you can generate much more income by working hard in your job and earning a promotion that will give you thousands? + +Why be upset over the wrong change being given to you when a tenant moving out can cost you hundreds of dollars to readvertise for another tenant or when negotiating the right price with a plumber or electrician can save you hundreds or thousands in the long-term? + +Why avoid that day out with your friends (which could cost $50 - $150) when that day out could give rise to new ideas, relationships or emotions that in the long-term lead to financial success? Perhaps that day out is all you need to gain a fresh perspective on a problem you are working on. + +Or, if one is particularly frugal, why not be extremely frugal when it comes to those big decisions that matter? For example, in buying your first home you can potentially save tens of thousands of dollars by negotiating better. + +The decision to buy slightly more expensive toilet paper is relatively minor when you compare it to more critical decisions in your life, such as the decision to buy your first home, or to study a degree at university, or to apply for certain jobs. + +So I think nowadays I am still conservative with my spending, but I am also more lenient (within reason) and more able to recognise the importance of living a comfortable life and the long-term financial benefits it can bring. +I have seen this mentioned so much in this sub and in other groups that sell options. If you have the shares, sell near the money covered calls until they're taken, I don't understand the issue. I don't understand why people give up so much money rolling things either. +I asked this as one of several questions in a post yesterday but it was really late and i didn't get any answers to this specific question. I've spent a few weeks learning about options and I'd like to aquire stock so i can start selling CCs. I figure why not write a CSP on a stock so that I can get a small premium and maybe get the stock if it dips. + +I'm really just trying to find a stock for a company that has relatively good long term growth prospects, isn't super volatile, and has a fairly low share price (I'm just starting so i want to be writing fairly low value contracts for a while as i practice). + +I was asked when I posted this question before, so for info I'm late 20s, trying to get into options now mainly to just grow my account, not saving for any specific thing right now but would like to be able to withdraw small amounts of money from my account to supplement income in the next few years (not necessary though, i have a pretty good income independent of options). Any advice is appreciated, and if it's silly to ask about specific company stocks to trade in options I'd still take any other advice. +As the title says. The entire Helium network was down for close to 32 hours because a "superblock" overwhelmed validators which caused a network bottleneck. + +I figured I'd head to /r/CryptoCurrency to gain some more information on what happened. + +Do you know what information I got? + +Nothing. Zilch. Zero. + +The largest IoT solution in the crypto space 41st largest crypto, and one of the few in any space that actually has paying customers goes down for 32 hours and there isn't a single word on /r/CryptoCurrency. + +What is the point of this subreddit? What are we doing here besides mining moons which is a dumb crypto anyway. Who would pay for karma? +You guys are thinking to small. GameStop releases a etherium clone with 10 coins for every share. All GameStop holders install app and redeem their code to receive coins. Shorts are fucked. + +But now GameStop has the world's most widely adopted crypto currency. That can support other coins, contracts, represent shares. + +But being the god Ryan Cohen is he doesn't stop their, he moves gamestops shares to his crypto coin, and legitimizes it even further. Opening the door for other company's to do the same. + +Giving way to a new wall street called GameStop, crypto and trading. + +Cause that's how I would finish an end boss. Why just destroy them when you can rebuild what they have in a new form. Not just hurting them once, but forever changing the game for them. +I have been working in London for less than six months, and have always been frugal (eg I derive pure pleasure snagging deals in the reduced to clear section). I like buying quality alcohol on discount and making my own cocktails. Iā€™ve got an Aeropress and get my own single origin coffee beans. Iā€™ve loved working from home. + +As we slowly return to the office, itā€™s been absolutely mad how 100% of the socialising is done around food and drink. I donā€™t know how much drinks are before Iā€™ve already ordered, and finding out later that pint was Ā£6.50 and g&t Ā£11 makes me feel miserable. I wish I could just stand around and chat - I like my own drinks at home much better. + +Iā€™ve got a pretty decent starting salary and moneyā€™s not tight - but I just want a house of my own ASAP. + +What are some tricks around having a social life but not feeling like crap about spending in pubs or cafes? +Once the fork happens, as planned, assuming the miners agree to it, what will be the technical method for me to pull my ether out of the DAO? I'm assuming this is the end of the DAO for good. Also, once all that Ether becomes liquid again, won't that likely hit markets and drive down the price of Ether over all. + +Also, for what it's worth, a fork is not a bailout, it is a fork. The strongest argument I have seen against Forking is that this will lead to a slippery slope, one in which the Ethereum foundation will ultimately have central control over the ethereum network. But what these antiforkers do not realize is that the decentralization of authority is not synonymous with the decentralization of power. In a centralized banking system, the central governors of the bank have near absolute authority over decisions to alter the course of a fiat's future. Within this centralized banking systems, such people would also have absolute power to execute said decisions. + +With Ethereum, VB and the Ethereum Foundation members have centralized influence with the power to broadcast suggestions about the future of the Ethereum network. The distinction is important because it rightly puts absolute power over the execution of changes to the natural life of the Ethereum Network in the hands of the miners. + +The precedent that this soft fork will set is this: In the future, any attempt to fuck over the thousands of intrepid men and women who invest in bleeding edge technology in order to change the world will be stopped and reversed by the thousands of intrepid men and women who have the power to change the world. This, is self regulation in the rawest form. This is the beginning of a common law-style system of self government created organically by the Ethereum Network, one that fits this Network's culture as the culture sees fit. I encourage miners to accept the fork. Also, Fuck you, hacker. I was going to buy a motorcycle with that money you turd. +During my 20s. It was easy for me to save 8 months for something I really wanted because I felt that I have all the time in the world. I would save %70 of my net income easily and invest, etc. + +Now in my early 30s,,,I probably save like %10 if I'm lucky. + +I feel my mortality more than ever. Seeing my beard get more gray everyday and waking up with random pains. + +The thought of saving 8 months for something is unfathomable at this stage of my life. I see something I want and I just get it...even if I have to dip into my investments. + +I'm not in debt or anything. But budgeting and investing seems exponentially harder now in my 30s. + +I have an unconscious fear of waking up in my mid-40s and all I did was save and work with nothing to show for it. + +On the other hand I feel like I'm doing a disservice to My Future self by not investing as much as possible. So I'm kind of stuck in a rut when it comes to planning my financial future. + + +Am I the only one that feels this way? +It seems exceptionally logical that copper demand is expected to rise 31% by 2030. New infrastructure, green energy such as solar, and the electrification of the developing world. Copper is very involved in our society today and it certainly could increase in importance. [Mike Gunning of VR Resources breaks down the copper market - YouTube](https://www.youtube.com/watch?v=u0a_ZgquUVE&t=156s) + +On the other hand China is expected to release metal reserves to try and control the market: [China to Release Metal Reserves in Effort to Tame Commodities Rally - WSJ](https://www.wsj.com/articles/china-to-release-metal-reserves-in-effort-to-tame-commodities-rally-11623825424?st=prc9l9s7vjjhqt4&reflink=article_email_share) Do you think this will have a big effect? + +What do you think? Copper bull or bear? +37F. Single, no kids. $95000 a year before taxes and health insurance is taken out. No retirement. No savings. ā£ + +Career: Clinical social worker in the private sector. + +Received promotion in late October. Was at $76000, so this is a new income for me. + + +Rent: $1150/monthā£ +Car Loan: $510/month ($25000 left)ā£ +Insurance: $190/month (car, renters and pet)ā£ +Cell phone: $150/monthā£ +Utility: ~$80/monthā£ +Total CC debt: $7900 +Total student loan debt: $242000 (that is not a typo: 1 undergrad and 2 grad programs ainā€™t cheap) and the total keeps rising due to interest. I have been paying the bare minimum payment ever since I graduated from my last masters program in 2013. ā£No monthly subscriptions whatsoever. I cut out Netflix, Spotify, ect all last fall. No cable service. My company pays for my home internet. I PAY $790 A MONTH FOR STUDENT LOAN BILL. +Groceries: $200 a month +Entertainment: $50 a month +Other expenses (dog food, toiletries, ect) $100 a month +Eating out: I donā€™t and if I do my boyfriend is kind and pays. I donā€™t even buy coffee out. +Vehicle Gas: my company pays for it and use my company cc for that. + +All my other expendable income has been going towards my cc debt, except for in November when I had a very sick dog and had some substantial vet costs. + + +I have been working my way out of cc debt for the past year. One year ago I had about $15000 now Iā€™m down to a little under $8000 over 5 credit ccā€™s. All of my ccā€™s are closed except one. I have been using the Dave Ramsey snowball method and continue to focus on the cc with the highest APR. ā£ +ā£ +When I look on Credit Karma and other credit score sites, they state I only have $919 of cc debt which is the amount on my one open card. Why doesnā€™t it take into account my other remaining cc debt? If I continue to pay off the debt, will it not improve my credit score? The open cc I have is a Care Credit account and I donā€™t actively use it anymore. So basically...I donā€™t have an active credit card. Iā€™m terrified of them after making many bad decisions financially in my 20ā€™s. Itā€™s embarrassing Iā€™m finally getting my shit together now at age 37. ā£ + +My credit score has gone from 575 (Jan 2019) to 672. Iā€™m very proud of that progress, even though Iā€™m sure many are cringing at the numbers above.ā£ + +How do I continue to improve my credit line? Please be kind, this is my first post and the subreddit overwhelms me a bit. ā£ + +Thank you in advance for any advice you could give to my situation. + +EDIT: I am completely overwhelmed with the responses and very much appreciate the positive comments. It took me a few weeks to muster up the courage to ask for insight on this sub, and I appreciate all of you. + +EDIT #2: I just got off the phone with Sprint and thanks to ALL OF YOU I was able to get my monthly bill down to $98.41 a month. That includes the lease/contract I already had for my phone and Apple watch. All I had to do was ask and get transferred through a few chains of command and it wasnā€™t an issue. šŸ‘šŸ¼ I know this is still high but itā€™s a baby step in the right direction. + +EDIT #3: Tried to list all expenses above since many have asked in comments. + +EDIT #4: If I havenā€™t responded to you itā€™s because the feedback has been overwhelming AF. Iā€™m so completely grateful and even though I am embarrassed that this is my situation, I am hoping this helps others out there as well who may be in similar life circumstances. + +EDIT #5: I REALIZE I DONT NEED TO WORRY ABOUT CREDIT SCORE AS MUCH. THANK YOU. šŸ˜… + +EDIT #6: Thank you for the gold and silver. Iā€™m not even sure what to do with that, but can I cash it in to pay off more of my debt. šŸ˜… The support I have been receiving is so appreciated. Yā€™all have made me cry 3 times already. +I know there are people here with various industry experience, but I figured that a good number of us are at or reaching for the top level of businesses. Before reaching the C-level, job hopping and recruiting are pretty easy to understand. However, in my *little* experience at the C-level it seems to be almost solely based off of reputation and relationships. You are not going to find your next CTO gig on Indeed. + +&#x200B; + +How have you increased your value & network as a C-level executive? +I think I may be in a unique area (Winnemucca, Nevada). Itā€™s a smallish mining town with \~8,000 people right off of I-80. The closest towns are Reno which is \~2.5hrs to the west and Elko (a slightly larger mining town with \~21,000 people) 2hrs to the east. There is a ton of gold out here (trust me, Iā€™m a geologist), and the mine life out in Winnemucca and Elko should be substantially long. A few mining companies hire a significant portion of the population out here. + + +My fears are: + +Gold tanks in price. + +Automation lays many people off. + +Lack of employers makes me beholden to my company. + +&#x200B; + +Should I look to invest my money elsewhere and forget about real estate? I am currently 100% in the stock market and looking to diversify. + +&#x200B; + +Thanks for your thoughts and opinions! +Iā€™m under contract on a distressed home in the Florida keys. It is in a highly desirable area and I got what I believe is a very reasonable price. The home needs one of everything. Roof,paint, remodel, windowsā€¦. Everything. My wife and I have been looking for 24 years. We have just now made it under contract after probably 6 very serious tries. + +To get the property I had to waive nearly all contingencies and place 100k in escrow. We are scheduled to close the 28th on this month. + +This weekend the title search showed an easement on the property we were in aware of. The easement gives virtually all rights to a storage building, 15ā€™x10ā€™ in the back yard. As space in this area is very difficult that 150 sqft easement is a significant part of the property. The building is very desirable because it could be used as a pool house or tiny house. It also effects the amount of ground coverage one can have on the property for water conservation. + +The building was pitched in the listing as a feature. It is now known based on the easement effectively belongs to the neighbor. + +I have pushed for a price concession and the seller, which is an estate, has basically said ā€¦. No. + +The easement was palces less than 6 months ago by the owner and neighbor. The owner dies 45 days later. + +How do I get the price concession or deal with the easement? Do I have any rights ? +Let's try to make a new tradition for this Sub! šŸŽ‰ + +Vote for the coin of the day in the Poll below, ill gather the most "hyped" coins from the Daily Discussion of the day and will list them in the Poll. + +the Winner coin will be pronounced **Coin Of The Day of Jan 7** šŸ„‡. + +if there's a coin that you like and isn't listed in the poll feel free to put him in the comment section, the maximum amount of options per poll is 6. + +If you have any Suggestions feel free to list them down below! + +&#x200B; + +&#x200B; + +**Edit: wow the poll blew up really well 17.2K voting, i didn't see that coming !** + +It was pretty fun watching the poll votes go sideways till BTC won and got to 40K!šŸŽ‰ + +I think it can be really fun to vote on polls like this every once in a while but putting up One Pull each day doesn't seem like a good idea because we will get burnt-out by the polls pretty quickly. + +* I'm thinking about making a new Poll every Sunday and Thursday, so the polls will be bi-weekly. +* One other suggestion that i have heard is to remove Bitcoin and maybe ETH from the Poll and make it a full ALT list, what do you think about it? + +(Do let me know if you prefer other days or other format like 1-7 polls per week) + +Would love to hear your opinion on that, thanks for reading!šŸ˜ + +[View Poll](https://www.reddit.com/poll/ksetg6) +I have been investing for over 2 years now, mainly ETFs and Funds; however, after building more confidence in my theory and strategies, I decided to also include stocks at the beginning of 2020. + +I currently hold 8 stocks, one of which is in ARGO BLOCKCHAIN PLC (ARB:LSE). I've got in for 1k at around 5.6p and I've been averaging up as the fundamentals/share price improve. As of writing, they are up 46% (55p) and I have managed to make unrealised gains of > 10k (in profit). + +**Quick DD:** + +They are a cryptocurrency miner, with infrastructure in Quebec, Canada, and have 18k mining machines. ARB is the most efficient miner on the market!!! And by far the smallest market valuation!! They had a massive spike today as Reuters reported: "Mining revenue in Dec amounted to Ā£1.63 million \[....\] with an average monthly mining margin of 60%". They also state that the company's equipment leasing agreement is set to deliver and is expected to be fully operational by February 2021 and add 430 petahash. + +\[link:\]( [. (refinitiv.com)](http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210105:nBw67fXLma&default-theme=true)). + +Ownership - 32M is owned by Investment Managers and Funds. This trend has increased in 2020 from 2019. + +Some may be asking: "Oh, it had a massive run-up today, can I still get in?" My personal opinion is yes. To forecast future profitability, one needs to consider various bitcoin prices, mining difficulty, mining capacity and etc. To start, let us look at how its peers (the major players in the US and Canada) are valued as they are doing exactly the same thing but are much more mainstream and widely held by investors. When you do that you realise how insanely undervalued ARB is and how much there is to catch up now even without an increase in bitcoin price. For example, look at ARB compared to marathon in the US. ARB currently has 3x the hash rate (which is the mining capacity, i.e. how powerful it is at mining bitcoins) yet Marathon is nearly $1bn market cap, and ARB is a tiny $60m market cap. + +ARB mined bitcoin in November at 57% operating margin, some of the US peers are mining at negative margins. As you can see above, they forecasted to increase this margin further. + +Despite making good money on ARB I continuing to hold (and buy more each month) until either mining margins and mining capacity are in line with its peers or if the fundamentals negatively change. + +Just to finish, I am not advising anyone to buy this stock. You have to do your own research. Just wanted to share (in my opinion) a really good stock that I am long on. +(There is rule 'no beginner question', but I reasearched alot and downloaded all the apps. But many don't have option to try. Compared etoro, freetrade, trading212 and IG. But couldn't find answer when I did research. HL is expensive. +I used Reddit search bar to see if such Qs are answered before, but couldn't find the answer.) + +I am in late teens and have Ā£1000 to trade in US stocks. I did research on stocks (and aware of all the risks involved). I don't want to 'invest' long term but execute trades 3-4 times a month. I don't want to buy index, but to trade individual stocks) + +What is best trading platform with no trade fees and low exchange fee? + +Is there any way to keep dollars in account without converting after every single trade? (Which would increase exchange costs) I am okay if there are upfront costs for such thing. I want to increase amount I invest after trying Ā£1000. + +Just to be clear I am British national, have never visited or been resident of USA +I'd like to get some community view's on pound cost averaging down Vs accumulating cash at the moment. + +I've been pound cost averaging down for over 3 years now, and find it a good strategy. However it has been suggested to me (not by a financial advisor but someone with more investing experience) that I should just leave the monthly contribution into my ISA in cash for the moment. The reasoning behind doing so is they are convinced this correction down will continue and I would be better deploying the cash at a later date. + +I'm not so sure about changing strategy this early on in my investment journey (I plan to remain invested for at least another 10 years - if not until retirement). Any views and opinions in this advice? +Hi Reddit, + +I have had enough $$$ in savings to put down a fair deposit in Melbourne/Brisbane/Sydney for about five years. + + +But because I had to move across the country for work a lot, and my partner and I were still figuring some things out, I have just kept the cash in my bank until things were more settled, with the goal of buying something with my partner in late 2022. + + +Donā€™t get me wrong - I am enormously grateful to even be in a position where I can save enough to consider buying. I know I am very lucky. + + +But after watching prices soar the past 12 months I feel like an idiot. I feel like an idiot for not buying something when I could first afford it, and I feel like an idiot for just having cash sitting in a savings account, I feel like an idiot for spending years being indecisive when I could be in a much better position if had just picked somewhere to buy when I could. + + +I grew up poor so parting with money is really difficult for me, and that has played into why I didnā€™t buy earlierā€¦ I didnā€™t want to buy unless I was 100% sure of everything. But in reality I could have bought something in 2017, then rented it out when I moved around the country for work. I just canā€™t stop feeling angry at myself for my past decisions, being indecisive, and passing up an opportunity to have financial security. + + +With how much prices have risen it has completely thrown our plans out of whack - we can no longer afford the kind of property we need for the next stage of life of having kids etc. We both work in CBD-based roles - Iā€™d love to move regional but thatā€™s just not an option for our careers. + + +Should we try and buy something ASAP before prices rise even more, or stick to original plan of late 2022? Or should we just give up on buying, keep renting, and invest the cash elsewhere? + + +Sorry for self indulgent rant - I just feel upset because I have sacrificed so much to save the deposit I have. I lived in crappy sharehousing for 10 years, I worked multiple jobs at points in my life, most of my clothes/belongings are secondhand, I rarely go outā€¦ and now it feels like all that sacrifice was for nothing. +Hi, just looking for a bit of advice. My father passed away recently and I just found out I have inherited his $80k home loan debt from Westpac. They told me repayments have been paused but it will continue to accrue $300 interest per month. + + I'm the sole executor of the will and I will be trying to sell his property, it's very rural though and may take a long time to sell. I expect to get $400,000. I'm a student so don't have any money but I just sold some of his belonging for $10,000. I'm thinking what should be my best course of action. Maybe get a solicitor? Put the 10k straight onto the loan and anything else I can get? + +The family stuff is interesting too. My mother separated from him about 3 years ago and moved in with her sister. She wants half of everything (deservedly) but she is expecting me to take care of the debt and and everything else because she "wouldn't be able to deal with the stress". + +I dunno, felt like ranting a bit. Thanks +My background- Far from a success story, but haven't given up hope (32M, not in the USA, Target FI age 48). Aiming to reach FI within the next 20 years. +Hello fellow investors! + +I've received several messages lately asking how I find investment opportunities. Rather than putting minimal effort into those individual replies, I put more effort into putting my thoughts in writing for anyone to read. + +I am by no means an expert, and have no clue what I'm actually doing, so I wouldn't recommend listening to me. I hope my investment journey inspires you to enjoy your own investing journey, and we all continue to challenge each other to become better investors. + +&#x200B; + +# 1. Look in places where others will not + +If someone asks you 'would you invest in x', and your answer is anything other than, 'it depends', you're thinking the way I used to think. Four years ago I worked with a businessman who was very successful in real estate development. He attributed his success to his philosophy that he will always take time to listen and consider an investment proposal. If he finds a chance to invest in something, the answer is always yes, he wants the chance to learn more and fully understand the opportunity. When the terms aren't favorable to him he won't invest, but often enough those investments that he shouldn't have even considered according to conventional analysis turned into much greater returns that he could have found elsewhere. This type of value is often hidden, easily overlooked and usually difficult to quantify. + +My approach takes a lot of time, I spend around 4 hours each day researching companies. There's always something to learn from my research even if I don't end up making an investment in a company. Curiosity makes an excellent research partner. + +My primary target is undervalued companies, not stocks that will create long term value over time. I want something that I can buy today for $1 knowing at the very worst I will sell it for $0.50, but optimistically can sell it in 6 months for $10. More on how this can be profitable later. + +&#x200B; + +# 2. Dig through the dirt for trades that won't show up on a screener + +My research process is far from glamorous or tech savvy. If Keith Gill's style is the Roaring Kitty, mine is the Caffeinated Pig. I sit in a coffee shop with a caramel latte, go to otcmarkets website, filter by OTCQB, QX and Pink Current (because that's all Vanguard lets me trade), and dig through that list of 1400 mostly trash companies to look for hidden treasures. + +I probably spend about 5 minutes on each company before I move on, unless I see potential and then I'll spend a lot more time. There's no way that the 2 week old 8K that implies a beautiful future for a company will show up on your screener. I do this 5 days a week for at least 4 hours, and have done this for around 3 years. And that's it, that's how I find companies to invest in. + +&#x200B; + +# 3. Prioritize signs of good capital management and protective corporate structure + +The companies that are traded OTC usually have pretty dismal financial statements, either due to lack of data, or they're simply hot messes that no sane person would ever invest in. Often they're hot messes with a limited history, so I don't put too much weight on comparing ratios to industry averages and those types of fundamental analysis. + +Instead I want to see how the company is structured. + +How many investors? How many lenders hold convertible debt? What are conversion terms? Did anyone involved with this company manage a publicly traded company in the past? What happened to that company? Is their attorney a scumbag who I won't name here but seems to specialize in pump and dumps? Have their investors previously invested in companies that turned out to be pump and dumps? Who owns the majority of shares? What types of shares are there? How has share structure been managed? Is the company set up in a way that it's easy to benefit the CEO, Investors and Preferred shareholders and the expense of common stock holders? How much capital on hand before the next S1/dilution? These are the sorts of things I ask myself when researching a company. + +I want to protect my capital, and need to know there aren't conflicting interests inherent in the company structure. I love to see strong ownership structure with insiders owning a large majority of common shares. A great example of very strong ownership and share structure is USDR, I just published my research on them if you're interested in seeing what I mean. You can find it in my post history. + +&#x200B; + +# 4. Imagine the extremes + +My love for investing is directly correlated to my ability to be creative in my trades. I dreamed that AsiaBroadband would go viral, and even wrote a DD on it when it was back at a penny (also in my post history). My mind is still blown that the stock not only did what I imagined was possible but to an even bigger degree!! I owned 4.3million shares back when it was at a penny. I sold most by $0.14. three days later it hit $0.60. + +I learned that I didn't dream big enough. + +By imagining the extreme's of both bullish and bearish situations that could impact a stocks share price, I structure my portfolio in a very speculative, maximum upside minimum downside theory. + +&#x200B; + +# 5. Embrace risk, and structure it + +Every time my dad gives me a hard time about my high risk investments, I remind him of his 'safe' investment in the 'Value Stock' Charter Communications back in 2008 before they filed Chapter 11. Common stock holders lost everything, my dad lost $15,000 (at the time I was 18, he was the sole wage earner in our family and only made $40,000/year and was planning to use that money for my college). Shout out to Paul Allen for screwing over the little guy. + +I invest in some pretty sketchy companies, so what's the point of evaluating risk in a fundamental sense if this stuff happens on the major exchanges? Also, do I really care about volatility in a company when a stock price has been bouncing 5-10% every day for the last month? No, I care about volume, I want to be assured that I can get my money out quickly if Mr. Market decides the price should go down dramatically. Here are some other considerations that impact risk. + +* If a company has strong performance by fundamental standards and very little downside, but limited upside, I will usually pass. +* If a company has terrible performance by fundamental standards, but limited downside and lots of upside, I will dig deeper +* I like companies with limited downside, generally no more than 100% above the 52 month low, with daily volume at least 5x my investment, but with 10x-40x upside potential based on market cap and current share structure. This is all totally subject to change given the situation. +* Fox example I have $60k in LexaGene right now, and the daily volume on that stock sometimes dips to around $20,000 traded per day. If some terrible news comes out about LexaGene, there's a real chance I could lose the majority of my investment because there's not enough volume for me to liquidate my position quickly. I accept this risk given the 13x minimum upside potential with a company and product that I really believe in. This is the type of investment I can make 9 times in a row and be wrong, and on the 10th time when it runs 13x I'll have $240,000 more in my investment account than before I made those last 10 trades. That's a 400% return. +* Technology, anything that scales, biopharma, acquisitions/mergers and any kind of government contracts usually seem to be what I end up investing in. +* My portfolio is usually between 5 and 7 positions representing 15-30% of my portfolio in each stock, and 10-20% cash. +* I monitor my portfolio daily, and keep an eye on news using the 'News Dashboard' on Koyfin. + +&#x200B; + +# 6. Don't just project financials, project potential + +I do project financials, but don't put a lot of stock in my projections. The real purpose of projecting financials is to help me determine the upside potential that a situation has. A current example that illustrates this perfectly is in the diagnostic space, LexaGene (LXXGF) and Zomedica (ZOM). + +LexaGene is almost entirely undiscovered. Volume on slow days equates to around $20,000 per day in shares traded. LexaGene has a market cap of $150million, with a product that is designed to meet demand in a much broader market than Zomedica, with tech that's arguably superior to Zomedica, enough cash on their balance sheet to last them another 9-12 months, and is currently going through FDA EUA application and projected to receive EUA in the next 2 months to begin COVID screening (which by the way, LexaGene's MiQLab is the only product of it's type that can screen for up to 24 strains of COVID in a single test. Talk about future proofing. I could go on and on about LexaGene, but will stop now and just write a DD on it later this week. + +Zomedica on the other hand has a market cap of $2billion, with no sales, has limited themselves to veterinary market (which is greatly suffering right now due to disrupters like Chewy that are siphoning revenue away from veterinarians) and their tech has no real differentiator when compared to LexaGene's MiQLab. + +My financial projection in this case is pretty simple. I believe LXXGF has more earning potential than ZOM, so it's safe to assume at least a similar market cap once LXXGF becomes more widely known. $2billion/$150mm, for a conservative estimate of LXXGF running 13x with very limited downside risk. + +&#x200B; + +# 7. I invest in fundamentally poor companies, so I don't miss the 'bad' winners + +I don't have a lot of faith in my stock picking ability. Generously figuring if I could be right 50% of the time, and if I were to only invest in the 'good' companies by conventional analysis, I would miss out on half of the winners that I deemed 'bad investments'. + +What if there was a way to not miss out on the 'bad' winners? There is, I do it through risk management and portfolio structuring. + +I make fundamentally bad investments that have limited downside, and 10x-40x upside when I imagine the wildest upside scenario possible. Then I actively manage my downside risk, I'll typically start to exit a position at 20% down from my average price per share. I'm accepting a 20% loss in pursuit of a 10x-40x return. Even if I'm only right 1 in 20 times on a 10x play, I still make a 620% return over those 20 investments. + +&#x200B; + +# That pretty much sums up my investment style. I don't recommend it, but I sure enjoy what it has done for me :) + +&#x200B; + +**For anyone who cares, the following is a little insight into my beliefs that have shaped my investment strategy.** + +&#x200B; + +I believe we are conditioned to think in a binary way. Black or White. Right or Wrong. Good or Bad. Reality suggests that very few things are binary and the 'Truth' more often than not lies somewhere in the middle. A really smart guy once wrote 'there is nothing new under the sun' and yet I used to think that my new screener setting would lead me to the moon with tendies. Like someone else hasn't tried that screener setting before. + +Investing is a welcoming home for a binary thinker, a place where the Right or Wrong mind can always seek to make the 'right decision' and find plenty of support to reassure him that he made the right decision and comfort him on his loosing trades. The truth is, there is no right and wrong in trading. + +If you make money on a trade, you made money. It doesn't mean you made the right decision, it means you made a decision that made you money. Same when you loose, you made a decision to sell at a loss. You didn't make the right or wrong decision. You can make every decision right and still lose money. Benjamin Graham called this 'Mr. Market', somedays Mr. Market will give you a deal and sometimes he'll offer you a really good deal, but usually you're stuck with mundane deals and lots of bad deals. + +My target return is very ambitious, I shoot for 20% a month compounded, so an annually return of \~890%. That's ridiculous you say? Why yes, it is! And it makes me happy to get out of bed and pursue this ridiculous goal. I want to love this journey. + +A few years ago I came to a point where I considered giving up trading because I felt like a failure. I was making money on 'bad decisions' and losing money on 'good decisions'. I didn't have a clue what I was doing. Thankfully I received some much needed guidance and inspiration from people much smarter than me, and realized I needed a different investment strategy. I still don't have a clue what I'm doing, but I'm much happier and much more profitable doing it. + +&#x200B; + +Thanks for taking time to read my experience and philosophy, I hope you found this useful in your investing journey. + +BT +ā€œDuring the winter of 2008ā€“9, when I was just feeling my way through the first story I was writing for Rolling Stone about the financial crisis, I started to notice something amusing. One of the keys to talking to sources about any subject is clicking with their sense of humor, and I was noticing that with a lot of the financial people I was calling, I was missing laugh cues whenever anyone mentioned the investment bank Goldman Sachs. No one ever just referenced ā€œGoldmanā€; they would say, ā€œthose motherfuckersā€ or ā€œthose cocksuckersā€ or ā€œthose motherfucking cocksucking assholes at Goldman Sachs.ā€ It was a name spoken with such contempt that you could almost hear people holding the phone away from their faces as they talked, the way you do with the baggie you have to pick up curbing your dog on the streets of New York. + +After a few months I also started to notice that every time someone wanted to provide an example of some sordid scam the investment banking community was into, they used Goldman as an example. The bank was also continually held up as a model for how certain firms used their connections with government to buffer business riskā€”Goldman, I was told, was expert at using campaign contributions as a kind of market insurance to hedge their investments. Many of the people I talked to were from firms that didnā€™t get particularly advantageous treatment from the government during the bailout season, and so I assumed their take on the crisis, and Goldman, was colored by that. + +After writing one story on the crisis that was mostly about AIG, I suggested to my editors at the Stone that we do a piece on Goldman that we could use as a window into the whole world of investment banking and what itā€™s been up to for the past few decades. We did the story; in retrospect we left out quite a lot, a problem Iā€™ve tried to rectify here by adding some to the original text. + +ā€œBut perhaps as interesting as the actual material in the original piece was what happened after we ran it, as the magazine and I got sucked into a public relations firestorm that was both bizarre and educational. My initial reaction to being blasted in the media by commentators from CNBC (ā€œStop Blaming Goldman Sachs!ā€ read **Charlie Gasparino**ā€™s rant; another on-air talent called me a ā€œlunaticā€), the Atlantic, and other outlets was that this was just typical media turf-war stuff: a bunch of insiders angrily piling on someone who didnā€™t have any background in their area of expertise (which I did not) and yet was not-so-subtly indicting them for falling asleep on the job. + +That was part of the story. If Goldman Sachs really was, as weā€™d described, little more than an upscale version of a boiler-room pump-and-dump operation, then that definitely was an indictment of the financial press, which almost universally praised the bank as a pillar of economic genius. If financial journalists like the **Charlie Gasparinos** and **Megan McArdles** out there took it that way, goodā€”I meant it that way. + +But when the uproar continued for more than a monthā€”an eternity in news cycle timeā€”it was clear that there was something else at work. Looking back now, what I experienced in the wake of the Goldman piece was a lesson in a subtle truth about class politics in this country. + +**Which is this: you can pick on the rich in an ironic, Arrested Development sort of way, you can muss Donald Trumpā€™s hair, you can even talk abstractly about class economics using clinical terms like ā€œincome disparity.ā€ But in our media youā€™re not allowed to just kick the rich in the balls and use class-warfare language. The taboo isnā€™t so much the subject matter, the taboo is the tone. Youā€™re allowed to grimace and shake your head at their shenanigans, but you canā€™t call them crooks and imply that they havenā€™t earned their money by being better or smarter than everyone else, at least not until theyā€™ve been indicted or gone bankrupt.** + +Goldman was the ultimate embodiment of this media privilege. The most valuable item in all the bankā€™s holdings was its undeserved reputation for brilliance and efficiency. The narrative that Goldman had always enjoyed was ā€œThe narrative that Goldman had always enjoyed was a sort of ongoing validation of the Ayn Rand/Alan Greenspan fairy tale, in which their riches and power sufficed as testimony to their social value. They made lots of money, they were good at whatever it is they did, therefore they were ā€œproducersā€ and should be given the benefit of the doubt. This fairy tale was deeply ingrained in the financial press, to the point where any suggestion to the contrary had to be attacked, regardless of the substance of that suggestion. + +The abuse I was taking after my Goldman story came out wasnā€™t so much a media turf war as a defense of The Narrative. I believe now that thereā€™s real fear of what happens once The Narrative blows upā€”because once weā€™ve ripped the rich to shreds, what weā€™re left with is a whole bunch of broke people wondering where the hell their money went, without even a soothing fairy tale to help them get to sleep at night. + +People in the financial community who actually worked in that world, the traders and the bankers themselves who joked with me about ā€œthose motherfuckers,ā€ did not have these illusions. + +Youā€™re not going to be good at making money if you need there to be a halo around the moneymaking process. The only people who really clung to those illusions were the financial commentators, right up to the point where those illusions became completely unsustainable. Within six months after this article came out, it was de rigueur even for wire services to reference Goldmanā€™s ā€œvampire squidā€ reputation. But by then the executives at Goldman werenā€™t worrying all that much about their plummeting reputationā€”and that, in the end, turned out to be the most interesting part of this story. + +But more on that at the end of this updated version of the original piece,\* which Iā€™ve saved for last in this book because the history of Goldmanā€”a company that has developed a reputation as the smartest and nimblest of corporate enterprisesā€”is the story of the great lie at the center of our political and economic life. **Goldman is not a company of geniuses, itā€™s a company of criminals. And far from being the best fruit of a democratic, capitalist society, itā€™s the apotheosis of the Grifter Era, a parasitic enterprise that has attached itself to the American government and taxpayer and shamelessly engorged itself on us all.ā€** + +Excerpt From + +ā€œGriftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking Americaā€ + +By Matt Taibbi +AMC and GME are experiencing the same bullish and bearish behaviours and thus experiencing some wild volatility. This is all because of the market makers so do not worry, as this is typical and was seen all last week. Even if more restrictions will hit just hold and we will bounce right back up if the consistency of the holders stay unchanged. + +&#x200B; + +AMC going from +20% to remaining unchanged at 0% whilst GME goes to almost +10% and then remaining unchanged premarket at the exact same time will be the norm the coming time. + +&#x200B; + +Best advice is: hold and buy more as this is just the same garbage as went on as a result of the big hedge funds getting hit in the end of last week. RobinHood are still the puppy of Citadel and will keep on making this as scary for new investors etc. + +&#x200B; + +And of course, I am only telling you this because I like this stonk :). + +Edit: I am all in on GME shares holding from 130. + +Edit 2: no need to message me. Not a financial advisor. If you are worrired about any of the stocks on here the best thing to do IMO is to hold. + +Edit 3: this is a short ladder. Just buy up paper hands and hold forever. + +Edit 4: Check out the frontpage. + +"If you see GME falling quickly without volume , this isn't actual selloff of GME shares but a tactic of hedge funds to scare you into selling GME. Read this thread if you want to know more about this. The order book is filled with round number orders like 100 and 200, which is Citadel and Melvin just fucking with us. + + + + +DO NOT SELL. + + + +GME TO THE MOON (insert rocket emojis) + +edit: go buy gme on the dips you retards don't buy reddit awards but thx anyways + +Obligatory im not a financial advisor and this is not financial advise." + +Edit 5: short ladder currently going on. Check front page. +Hey all, as I break my milestone of $10 a month im looking at other ways to grow a solid portfolio to live off my dividends later on and these 3 ETF caught my eye. SPHD mainly for dividend while SCHD and DGRO is a nice split of dividend (DGRO for dividend growth potential) and it has some general growth. Do you think this is a decent idea to own these 3 and grow them? +So this morning I [read this article by the BBC](https://www.bbc.co.uk/news/health-54661843) basically saying things won't be normal again for years even with a launch of the Oxford vaccine early next year. + +What should we be doing to prepare for that? While it's possible everything will be in a much better position next summer, there is a definite risk that it could be the opposite. Extension of restrictions for another 6-12 months could easily mean the death of many hospitality, entertainment and travel businesses, which would be catastrophic for millions of people which would take years to recover from. Further to that, we have already racked up billions in debt so it seems inevitable that taxes are going to increase even if COVID becomes irrelevant within the next year. + +As people concerned with our long term finances, I was curious as to what people on this subreddit were doing to manage those risks? +I have always been an extremely debt-averse/frugal person, and earn quite a bit more than I need to keep up with my mortgage payments. My interest rate is 2.4% (thank you? covid? maybe?), which is excellent. +This is my only debt. +Iā€™m very interested in getting this paid off right away, and having it out of my life. On the other hand, as a newbie to this sub, I see that many others strongly recommend investing for the high return compared to the low cost of leaving my debt alone. +Iā€™m in a position to, within a year, pay off my mortgage, if I continue to throw an extra 3k at it per month as I have been. Iā€™m very accustomed to rice and beans, my only serious expense is the gym, I work from home and walk to the grocery store, literally only travel for the holidays to see my family or small road trips in the summer. I donā€™t have anything big Iā€™m saving up for, like a big vacation or anything. My Roth IRA is topped up for the year at the beginning of each year. +Does it make sense for me to continue this course of action, or try learning about investing with Betterment/Acorns/similar? +My daughter was just born. I took two weeks off from my restaurant management job. I like the job, it's fun and casual and pays pretty well and allows me unlimited over time. + +But the thing I really dislike is that I don't have vacation days. My boss was cool when I said I would need time off. He found people from his other franchises to come cover my shifts. I had no issue getting time off. + +But fuck. Not getting paid for two weeks is terrible. I like can't afford to not be working. Half of me wants to work a thousand hours this week so my next paycheck isn't garbage since last week I logged 0 hours. But at the same time I want to hang out with my new baby and her mom... Who isn't going to be okay with me leaving her home alone for that amount of time. + +Nothing else to say, I guess. Just venting. +I added this to my front page for some academic discussion, not more politics. + +"Leave if you don't like it!" + +Yup, that's the plan; I just want to see if others feel the same way or if there is some redeeming quality I have yet to see. + +# 30-day challenges + +We are pleased to announce that we're continuing our 30-day challenge series. The schedule spans the entire year so be sure to keep an eye out each month. + +This month's 30-day challenge is to **get on top of your credit.** Here are some concrete steps you can take: + +# Check your free credit report + +There are three major credit bureaus in the US: Equifax, Experian, and TransUnion. These companies each gather credit histories for individuals and sell that information to credit card companies, lenders, and other financial institutions. + +You can go to https://www.annualcreditreport.com to get a credit report from each credit bureau once per year. It's often recommended to stagger your requests so you can get one every four months so you may only want to request one report at this time. You can use a calendar reminder to stay on top of this. + +Now, your free credit report won't include your score and it also won't include credit monitoring, but you absolutely don't need to buy those from a credit bureau because there are free options. See below. + +Note that the security questions will sometimes ask about intentionally false information (e.g. made-up loans), so "none of the above" may be the right answer. If you can't get past the security questions, you may have to write in to get your report. Also be aware that you don't have to pay for anything on the credit bureau sites. If you find yourself prompted for a credit card number, you might have clicked to sign up for something you might not need or want. + +Also, if you have trouble with the web site, try temporarily disabling browser ad-blockers and privacy extensions. + +See the [Credit Reports Wiki](http://www.reddit.com/r/personalfinance/wiki/credit_reports) for more information! + +# Sign up for free credit monitoring + +You don't need to pay for credit monitoring. Some options: + +* A variety of companies such as [Credit Karma](https://www.creditkarma.com/) and [Mint](https://www.mint.com/) offer free credit monitoring services. [There's a longer list of options in our Wiki.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +* Many employers also offer free credit monitoring for their employees directly with a credit bureau. Check with your benefits department. + +* Finally, if you've been the victim of a data breach like Target or Anthem, those companies are providing free credit monitoring for anyone potentially affected. + +After exploring your options, sign up with at least one of them. More information contained in the [Credit Scoring Wiki](http://www.reddit.com/r/personalfinance/wiki/fico). + +# Find out your credit score + +Some credit cards actually give you a free FICO score as a benefit of having their card. Brands providing FICO scores include Discover, Citi (branded cards only), American Express, Bank of America, and Barclaycard. [Here's a full list of options.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +If you don't already have one of those cards, you can get your VantageScore from [Credit Karma](https://www.creditkarma.com/) or [Mint](https://www.mint.com/). VantageScore is used less often by creditors than FICO, but it's a *usually* a good estimate of your FICO score. Paying for your credit score is silly unless you're considering getting a major loan like a mortgage. + +# Get rid of pre-approved credit card junk mail + +[OptOutPrescreen.Com](https://www.optoutprescreen.com/) is the official consumer credit card reporting website to opt-out of offers of credit or insurance. It's an easy win to reduce junk mail and reduce the risk of identity theft (from someone stealing your mail). I recommend signing up unless you're in the process of building credit and actually want to receive pre-approved offers. + +# Are you looking to improve your credit? + +Once you have a score over 740, most credit files are solid enough to qualify for prime rate lending. This means that any additional increase of your score will likely not get you better credit products. + +If you are in a position where you'd like to improve your credit, here are two situations that often befall people when asking for help here: + +* ["I have no credit, and I am looking to get started."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_no_credit.2C_and_i_am_looking_to_get_started.) +* ["I have bad credit, and I am looking to repair it."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_bad_credit.2C_and_i_am_looking_to_repair_it.) + +# What to do if you find information you don't recognize + +Even though credit reporting is automated, mistakes can still occur. The most common errors can involve names and addresses. If your name is similar to a parent's name, there are also instances where a line of credit is reported on the wrong file. + +The simplest course of action is to dispute the information with the bureaus. Here are direct links to initiate a dispute: + +* [Equifax](https://experian.referral.equifax.com/CreditInvestigation/home.action) +* [Experian](http://www.experian.com/disputes/main.html) +* [TransUnion](https://onlinedispute.transunion.com/disputewizard/) + +Finally, if you believe you've had your identity stolen, read and follow the steps in our **[Identity Theft Wiki](https://www.reddit.com/r/personalfinance/wiki/identity_theft)**. + +# Challenge success criteria + +You've successfully completed this challenge once you've done 3 or more of the following things: + +* Requested a free credit report via annualcreditreport.com +* Set a reminder to request a different credit report in 4 months +* Found out your credit score (either FICO or VantageScore) +* Signed up for free credit monitoring +* Opted out of pre-screened offers +* Initiated a credit dispute with one or more credit bureaus + +This is going to sound biased because I am a nurse and money shouldnā€™t be the only reason for joining one of these fields. The main reason why I am stating this is because I think a large majority of people think becoming a MD is a good financial route. + +It takes 4 years to receive a Bachelors in Nursing and you can start working full time at the age of 21-22 if you started right after highschool. Nursing school will put the average individual 20-40K in debt. An average RN will make 50-60K a year starting. In my case, I will easily make 100K my first year because of overtime (50 hour weeks) and union pay. Their is a nurse at my hospital who works 80 hour weeks working nights and cleared 300K this past year. Letā€™s just assume that a nurse averages 65K for 8 years. Thatā€™s slightly over 500K at age 30 while an MD has barely started making money yet and is still in crazy debt. Many RNs have access to unlimited overtime so it wouldnā€™t be too challenging to gross 1M in 8-10 years. + + It takes 4 years of undergrad and 4 years of med school to just get your MD license. The average med student will graduate 300K in debt. You then start your residency which is on average 4 years unless you are going into a specialty which will be 6-7 years. For those 4-7 years you are making 50K a year working 60-80 hour work weeks. This number is from the residents who I have spoken to at my hospital. After finishing residency, you will become an attending physician. Internal Medicine MDs will make about 220K starting and Specialty MDs will make around 300-400K. MD donā€™t start making real money till the age of 29-33 if starting right after highschool. + +An MD will also miss 8 years of being in the market meanwhile an RN will be in the market the whole time. Lastly, an RN can become a CRNA (certified registered nurse anesthetist) in 2-3 years of schooling and 2 years of experience. A CRNA can easily clear 200K a year starting. One can easily make the argument that an RN is a better FIRE approach than an MD. In my case, I should easily be able to FIRE by age 45-50 since starting working at the age of 22. + + +EDIT: This blew up. My view has been changed. I think my argument lies more in that nursing CAN definitely be a better FI route in some circumstances (mine for example). From someone coming from a family where I would have had to take on 300K in debt to do med school it wouldnā€™t make sense. States such as CA or NY where nurses start at $40-$50 before OT can be more profitable in the long term. Obviously, ones reasons for joining healthcare should be far more important than money. I enjoy my job and wouldnā€™t change what I decided to do with my education/career. + + +EDIT 2: I also think it depends on someoneā€™s definition of FI is. If 1M-2M is your goal, a RN will achieve that quicker in average if starting directly out of college. If 5-10M is your goal, hands down an MD would win no matter what. + +EDIT 3: I think this title should read that nurses become FI quicker than doctors. That seems to be more accurate +**4/30 UPDATE:** + +They are expecting it to be refiled next week. This is a week later than the last ETA. Will follow up with them next week + + +_______________________ + + +This is an update to my previous posts in regards to direct contacts with the DTCC. Check my post history if you want to see those. + +\-They confirmed that all changes were "technical formatting". Nothing of substance should be changed from the initial filing. + +\-The rule will be effective immediately after filing, however its important to note the "SEC has the ability to abrogate for a period of time". I don't have any other details here, maybe someone else can elaborate on how that would work. + +\-May also be worth noting that filing was made to "clarify operation processing descriptions in our rules. The drafting of this change started before the recent market volatility" + +&#x200B; + +As I've stated in previous posts I will not be posting screenshots of the emails for legal purposes. I'd be more than willing to verify them with a mod for credibility. +I've seen lots of conflicting answers to the question "I want to put $ in stocks for [x] years." Most agree that buying stocks for a shorter horizon than 5 years (for house down payment, etc.) is a bad idea. Beyond that though, you see some people saying 7, 10, or 15 years is safe. + +I'm not going to say I know for sure what is optimal, but what I can do is provide some actual numbers. While past returns are no guarantee of future returns, on a large enough timescale we can at least build a decent model. I looked at the past **90 years of total returns** for the S&P 500 (including dividends), Baa corporate bonds, US T-bonds, and 3-month T-bills. + +I calculated rolling total return for various holding periods across the entire range. I then compared them to each other to see how often the stocks had a negative return, and how often they were outperformed by the various bond classes. + +[Here are the results.](https://i.imgur.com/YGHcOi1.png) + +While I wouldn't draw any **strong** conclusions from this, it certainly casts a lot of doubt on people advising that 7 or 10 years is adequate for 100% equity when you have about a 27-34% chance of losing to bonds. On the other end of the spectrum, this paints many target date funds as overly conservative, for example the [Vanguard 2045 fund](https://investor.vanguard.com/mutual-funds/profile/portfolio/vtivx) holds about 10% bonds even though they have about half that chance of beating stocks. + +I expect these numbers may be quite surprising to some people, especially since the past decade has been a generous bull market that makes equities look invincible. Anyway, if anybody has other quantitative means of looking at this, please share. Happy investing! + +Edit: Based on some comments I don't think I communicated this clearly, but it's more about how to evaluate asset allocation based on how far you are from horizon. +Hey guys, + +I keep seeing GME, I understand thereā€™s a whole epic moment in history happening but I genuinely have no idea wtf is going on? + +From my understanding, this is a game/dvd retailer in a dying industry. + +Why does it make sense to buy stocks here, I probably wonā€™t be buying any as a newbie trying to build a portfolio but it wouldnā€™t hurt to have a better understanding of whatā€™s going on. + +Oh and on that note, whatā€™s with the conflict between reddit and Wall Street? Is there some info I should read so Iā€™m looped in, they seem to be at each other necks trying to out smart each other, unless Iā€™m completely wrong here. + +EDIT: Thanks for all the advice. Iā€™ve decided to order 7.23 shares of GME šŸš€šŸŒš +How would you calculate the return for selling a put contract? + +For example, sell 1 put contract collecting $150 in premium at the strike of $100 a share. Then later, spend $50 to buy back the put to cover. What is the return? Which of the following calculating methods do you favor? + +1. (150 - 50) / (100\*100) = 1% +2. (150 - 50) / 50 = 200% +3. (150 - 50) / 150 = 67% + +I think method #1 is the most accurate because it accounts for the capital at risk (or collateral) in the denominator. Method #2 exaggerates performance. Method #3 seems to be what Investopia suggests for shorting stocks (not options) (*see* [Calculating the Return on Short Sales](https://www.investopedia.com/ask/answers/05/maxreturnshortsale.asp)). + +Any recommendations for software to calculate returns? + +**UPDATE:** + +Thanks everyone for your comments. u/rupert1920's [comment](https://www.reddit.com/r/thetagang/comments/rutvm4/comment/hr3ug3q/?utm_source=share&utm_medium=web2x&context=3) answers my question because it clarifies the confusion I had between the return on each short put position and the return on the entire account. IB's PortfolioAnalyst does provide the money-weighted return on the entire account for the year. This return does reflect the capital in the account that I used as a collateral for shorting puts, whether it was cash or other securities on margin. Therefore, in effect, this return reflects the capital at risk in the denominator as desired in method #1 in my question. + +As for the return on each short put position, IB's PortfolioAnalyst indicates that they use method #3 to calculate the return on each short put, with 100% being the maximum possible return on a short position. But this method of calculating return on individual short puts does not effect the money-weighted return on the entire account. +Im a 19 year old kid, who made a very large amount of money from GME. I bought some calls back in august which I kept rolling to higher and higher strikes and made more than 1000x on my very small investment. I am at 800k now. I think its easy to see why I am hesitant to dump this much money into the stock market after we have had such a huge rally. + +I have been thinking about it and have come to the conclusion that its better to simply sell extremely OTM puts rather than actually buying the stocks and being exposed to the risk of a crash. You can easily make 20-30% selling these options, and if there is a crash you can simply just take assignment, and be better off that if you had bought shares. Or you can keep rolling them for a credit until the recession is eventually over. + +Whats the downside? +So, Iā€™m in CC position on PLTR. The contract in question is 28C for 10/15. Itā€™s slightly ITM while my BE is 28.56. Contemplating here what I should do - roll up and out to 30C on Nov expiration or wait it out and see what happens. Kinda afraid after this big breakout itā€™s gonna shoot to 30 immediately and then it becomes slightly more tricky to roll, or, see if I can wait a little longer to maybe let theta do its thing and hope that the intrinsic value wonā€™t be much by then (I donā€™t have a problem closing for a slight loss if itā€™s a little above my BE). Right now I would realize roughly a $2k which Iā€™m not fine with, so trying to minimize my loss as much as possible. At least itā€™s above my basis so itā€™s kinda ok but feeling bummed about it finally shooting up while Iā€™m in this position. +Would appreciate any insight on the proper steps I should consider here. + +Thanks Iā€™m advance +Those of you still living at home, do you find shame in it? I'm 20, a man and I work full time. I live at home and my parents are completely fine with it. I manage to save Ā£1000 a month, and I give my mum Ā£300 in rent. + +Have the times and attitudes towards this changed? I'm single, and I don't have many friends, so I'm not in a big damn hurry to pay for the privilege of secluding myself even further than what I already have. +This started as a comment reply but I thought maybe people would like reading it. I've been researching Palantir since literally late November 2020 and I have nearly my entire portfolio in LEAPS expiring January 2023. So I have continually done more research on them this is just the basics to clear up confusion and help people who don't understand it because it's hard to hear all the hype and stuff. Also AMC to the moon tomorrow for my FDs I bought!! Don't judge me it's just fun to be in on the action on weeks like this. + + +So you should think of palantir as basically three companies and they actually are very far from unprofitable. + +They developed the really massive government software (gotham) specifically as a result of an interaction that happened to Peter Thiel while he was at paypal. They were losing millions to foreign scammers at paypal and the solution ended up being a high quality algorithm that flagged the most likely scam transactions and then allowed analysts to efficiently double check and verify the real scam transactions. + + It essentially was using what computers are efficient at (sorting through massive amounts of data) and then combining that with what humans are good at (looking at the more complex nuances that at least at that point computer algorithms were incapable of doing) and augmenting the humans ability to make complex decisions by rapidly sorting through the incoming data and bringing everything good to their attention. + +They fixed paypals using this method and literally made the company profitable overnight because of fixing how much they were losing in the scam transactions. The FBI contacted PayPal and Thiel about using that initial software. That was literally his inspiration for what would become Palantir. He goes over it in huge detail in his book zero to one. If you make an audible account you can read it for free and find the chapter I'm talking about. + +Then for 15 years they perfected the government software into the absolute nearly monopoly it is now in government intelligence augmentation software. The whole time though they reinvested almost everything for the last 10 years into building the commercial software (Foundry). That side of the business has only been live for a VERY short time and initially they literally didn't spend a single dollar on marketing their first commercial clients sought THEM out because of their insane reputation with the government. Foundry helps with supply chains and all kinds of other important data insights. But if you want a recent example the NIH and the NHS both used Foundry to figure out how to best distribute the vaccine and vaccine distribution in the US and Britain has far outpaced expectations. You think commercial companies aren't going to be interested in using the software that was literally proven on a level like that? + + They're only just now adding huge amounts of people to their sales teams literally in the last six months which if you read Peter thiels book is insane for the stock because they have this crazy long term plan and he literally talks about how when they get to a certain point and start adding sales as a full sector of the company it means that is the company the company plans to BEGIN scaling. Meaning they're this big and they literally only just started on the scaling part. Which they've also said in tons of interviews if you're a die hard Palantirian like me. + + + +They actually also have the third side of the business which is their actual like full AI for weaponization and war and defense for the government. Gotham is like helping analysts and commanders lead and even helping police or agents figure out what's going on. This other software is different. It's called Apollo and its only at the beginning too. It's like pure AI machine learning AI handles everything stuff. Go find a video called pentagon head of NSC briefs public on AI I think it's on the PBS channel on YouTube or some shit. Or you can listen to Joe Biden talk about how we're going to double our percentage of gdp spending on AI. The amount of government money that's going to go into AI as a weapon to compete with China DWARFS peoples expectations of how much large the market for the kind of software palantir makes is. + +https://www.businesswire.com/news/home/20201001005334/en/U.S.-Army-Research-Lab-Selects-Palantir-Technologies-Inc.-for-91M-Artificial-Intelligence-and-Machine-Learning-Development + +This is literally the backbone of everything AI that the government is about to invest in. Sure they're going to experiment with other research but if you do research you'll also find Palantir is the ONLY company that does anything remotely like this software that has anywhere near the kind of clearances like what is required for these contracts. They are currently a clearance level 5 and about to be the highest 6. The closest competitors are almost all a 3 or lower I'm not even sure if there's more than a single 4 and that stuff is crazy hard to get. + +But like again I'm an obsessive. I realize why people get so excited about the commercial side scaling and how it's very possible and can make them huge and it will. But I'm actually pretty sure the reason people like Cathy Wood has such a huge boner for them is that she realizes how MASSIVELY. And I mean MASSIVELY underestimated the amount of government revenue they will get from all this AI investing the United States and NATO are about to do. It's literally the next Manhattan project and they're absolutely going to be one of the biggest players developing it if not the biggest. I think it's funny because most people are pretty disinterested in the government stuff for Palantir but i really think the weaponized AI apollo stuff may be as big as anything could ever be. + + + + +Also people got the insider selling stuff very very wrong. Tom Nash (love him or hate him I don't care) has a few really good recent videos where he explains it in basically full detail what was happening. The selling panicked a lot of retail investors during a time when the buying for growth markets had really slowed because of rate hike due to inflation scares and a ton of retail holders got scared and caused more selling and more people got scared because of that and sold and it really just was mass psychology in effect and a LOT of FUD and confusion. + +Basically a few executives karp in particular got billions of dollars worth of options that vest but literally expire so you have to exercise them which means you buy shares of the company at a strike price. Well because it's the company granting shares the strike price is literally 10 cents or something and these automatically have to vest at quarterly increments. So everytime karp was exercising he's actually buying shares. Like over 150 million in total maybe a lot more million SHARES not dollars. shares. And even those when he exercising he's buying shares technically from the company it ALL counts as profit on taxes and ITS NOT LONG TERM CAP GAINS ELIGIBLE. So over the last year plus this year he's essentially getting shares but the literal dollar value of those shares to the government counts as pure profit. So his total income which he's getting taxed at 40% of is in the BILLIONS yes billions. Because that's a lot to handle people that work for them actually automatically schedule sells of shares to cover the taxes so that there's no issue it's not even like him saying sell today and they do this.... TO AVOID ANY POSSIBLE ACCUSATION OF INSIDER SELLING TO THE SEC. That's why it's automatically happening so no one can ever claim he's timing it. + +So listen cause here's where it gets important. The exercising of the shares counts as almost pure profits but remember he's receiving SHARES not dollars he doesn't actually get billions of dollars. So has to then sell SOME of the shares so he can pays taxes on that. Then when he sells the shares to pay the taxes for exercising he actually owes even more money if they went up from when he exercised. So everytime he's selling low its actually good for him because it's less ADDITIONAL PROFIT that he would owe taxes on. + + If he wasn't selling its because he thought it would go down even further and then he would actually owe less taxes overall. So if he thought it was going to tank he'd wait and actually get a nice fat discount on his taxes. + +I know this seems really crazy but I promise that's how it works you can look it up in detail but yeah shocking that mainstream media and redditors/youtubers who barely do research and have no real understanding of how these billion dollar compensations work would get it wrong. Unbelievable I know. If he had actually sold the massive overall percentage of his shares that some people claim he did the company would be at like $3-6 dollars not low 20s. Retail got confused because of market pressured due to interest rate fears from inflation and sold low (like retail always does) to institutions. +Not sure what the problem is just yet. +Edit: mate told me the internal VPN is down too, so I assume the branches and ATM can not connect either. + +Edit: Westpac and ANZ is back up. +Partner is taking a role in healthcare and has the option to salary sacrifice the mortgage. As I read it, itā€™s a no-brainer; pay that 1500 a month pre-tax instead of post-tax is saving thousands a year in tax. But why is this an option? It makes little sense. Any catch? +With so many people people fleeing the city, I was thinking of purchasing a studio / one bed as a long term investment as there has been a lot of inventory going on the market. Would keep it 5 years at least (or much more). + +Looking to spend 400-600k & would ideally want to make a super low ball offer (20-30 percent lower than list. Would look to rent it. + +Has anyone tried to purchase in NYC? Is pricing flex with everyone moving out? Also - imagine if may be hard to rent at first too... + +Just wanted to pick someoneā€™s brain who may be doing this during Covid? +rent out my basement suite to a young family and overall they have been pretty good, they have been here for almost a year. They always pay their rent in time and cause no problems. Also, I keep rent pretty low, I charge 30% below the market at least and for the most part have consider myself pretty chill. +As their lease is ending and moving to month to month I decided to do my first inspection. +The house was in ok condition, no big damages, carpets were ok (a few stains here and there). But the problem was the walls were COVERED in scribbles. In 3 out of 4 of the rooms there was something in crayon, marker, drawings, all sorts of scribbles (an armspan long or longer) + +I know it's just cosmetic, but on the inside I was pretty upset. I get that it isn't their house, but it seemed really disregarding and disrespectful to the property. I didn't say much about it other than "try to get those out". And the mom kind of just nodded. My mind says to keep ignore it and proceed as normal, but at the back of my mind it's still bugging me. + +What would some of you do/ have done in this kind of situation? +In short the entire deal is great for us on paper but the reality is that there are 4 tenants that are living there for cheap rent that don't want to leave. Three of which are on month to month leases while the other is on a 1yr lease and just signed it. All of them will be asked to leave and while they are there they are costing us money (but still paying rent, which is less then a break even). Additionally, these people really don't want to go. I have no experience with something like this, I feel like if I come in there all Trump-like and start kicking people out, I'll get some undesirable outcomes. + +The only outcome we want is for the tenants to vacate, all the units will be STRs. + +Any thoughts? Advice? +I get it, itā€™s a movement, shit I was part of it already. But Jesus fuck I want new money, this shit is boring already. Need some new fucking YOLOS in my life. Missed out on TLRY and all these fucking weed stonks cause the only fucking thing going here is GME,AMC, and APES STRONG TOGETHER. Fuck, go make your own fucking sub for GME. This is WSB not GMEFIGHTTHEHEDGEFUNDS. I want new money not this desperate, sad bullshit, that this sub has become. + +Anyways AMD šŸš€ SKLZ šŸš€ those are the two stocks Iā€™m yoloing atm.... made a 10 bagger on SKLZ thus far.. Going for the green lambo. + +And to the OG WSB members letā€™s hope we can get back to form on this sub although I feel as what Iā€™ve come to know and love WSB is lost for ever... + +Yakkamah out. +In case you missed it, u/dlauer gets one last message in right after the show ends. + +I almost missed it, so want to make sure no one else does. + +Overall a good episode and good for broad knowledge of the situation. + +I personally didnā€™t feel it lived up to the hype and I think itā€™s official now, Gary Gensler is a bitch, scared to death and absolutely not on our side. Did anyone else feel that way? + +Edit: great point by u/6stringDindaling + +>GG confirmed that heā€™s stuck playing nice in the sandbox with Congress. If he doesnā€™t, congress shoots everything down and he gets nothing done. Heā€™s stuck walking on eggshells. + +>SEC is NOT the issue here. Congress is, and Congress is bought and paid for by the same people who are robbing us. + I believe that there is a growing dichotomy between blue chip and regular issue stocks in both share price and financial condition. Many blue chip companies, and some regular issue ones as well, have been gorging themselves on debt for the past decade and the pandemic has only seen their stupidity grow. Many of these companies have seen a near complete share price recovery to pre-pandemic levels which, in my opinion, is stupid. The blue chips at large were already well overvalued and that was before they committed suicide by debt. They are turning themselves into zombie companies, barely able to pay off the interest on their debt each year. Conversely, the regular issue companies have not engaged in such stupidity. While many of them did have to take out some more debt, they had a safe financial position that allowed them to do so without any real worry of going into debtor's prison. Many of these companies are also selling at a great discount to their pre-pandemic level, unlike the large blue chips. This most likely comes down to the fact that the blue chips are in every single index fund out there, and since index funds are popular the blue chips are popular. Index funds have no real way of measuring risk or the underlying value of the companies within the fund, making it very easy for shitty blue chips to rise in value when they shouldn't. The next question then is: is anything going to change? In my opinion yes. Index funds are majority owned by people looking to retire and since most millennials and half of the gen X community has no savings or investments to speak of the only thing propping the companies within the indexes up are the aging baby boomer population which, if I may add, is very old. Best case scenario these baby boomers retire soon and withdraw their indexed retirement accounts which will then cause the ludicrous amount of money poured into these shitty blue chips to bleed out and the shares will become accurately priced relative to their value. In the long run share prices reflect the underlying value of the company, so we will see the shares of the regular issue companies that are currently undervalued advance in price until they come close to or surpass their true value. In summary, many blue chips are overvalued and debt ridden while a lot of regular issues are undervalued and conservatively financed. This does not apply to every single company in either category but instead reflects the general characteristics of each category's companies. +Market does a dance (sell off), and after feds reconfirm for the hundredth time nothing is going to change, market bounces back. Are most investors that paranoid? + +Because while Iā€™m annoyed by this dance, at the same time itā€™s been quite lucrative getting some at the cheap. So I guess it evens out, but in the long term, I feel like the paranoid ones bouncing in and out trying to time things, arenā€™t they shooting themselves in the foot? +How does everyone cope with trailing the indexes? + +Iā€™m kind of tired of seeing my accounts lagging. Iā€™m thinking of putting most of my accounts in index funds and investing in a small number of companies I have full conviction in. +Unsexy cash cow, former Buffett pick in the midst of a turnaround. I am surprised by how much resilience it has showed in the market downturn. Barely down 5% when the market has dropped by 20+%. I followed Buffett into this play, and while for years I was unhappy holding it, basically just collecting the dividend (which is not all too bad), it finally looks to be paying off. PE is at just above 22, so not amazing, but clearly the market is seeing value in their cash flow and turnaround. 10B of cash puts them in a decent position to acquire some more tech companies, many of which are looking very attractive these days. What do you all think? +Reposting: *the other post got removed because it had the word "moon". Thanks!* + +Hi Folks, + +Has anyone been able to successfully find a way to live on passive income through crypto? I'm dreaming one day, to be able to financially comfortable to live off from crypto interests... + +So, I don't want to dream anymore and want to try to draft a plan to potentially have a moonshot at it... + +My target will be a minimum of $500 and anything achieved over $1000 would be a blessing to me on a monthly basis... + +Anyone who has successfully or who is currently living this dream willing to share how, please? + +- What's investment amount are we looking for to have a shot on the above ? +- Which optimun platform and effective ways one would require to yield such returns ? +- Is this feasible ? +- In terms of risk metrics, I don't want crazy stuffs with crazy apr/apy but something really feasible with some work and luck obviously... + +I guess it will be a big amount but at least I'll be grateful if someone can elaborate further and guide me and the others interested through it... + +Thanks in advance for your contributions and time. Sharing is caring ā¤ + +Peace and goodluck to everyone šŸ™šŸ¼ +5 months ago GameStop released the Chrome wallet and announced their iOS wallet would be coming out "soon". IMX is on the Beta marketplace's homepage as coming "soon" but we don't have a single web3 game integrated yet. We're still using an NFT marketplace of JPGs with no tangible use. The stock we're all invested in is and has been manipulated to shit. I've got money invested in the company and need to start seeing some real action from GameStop, what happened to not talking a big game? I see hype tweets every week and announcements of announcements but no progress on the shit that really matters. + + +We are not going to be profitable until GameStop gets these products off the ground. We can't expect the DTCC to handle the dividend correctly if GameStop doesn't stick up for us when the DTCC fucks it up and lies to our faces. There needs to be some accountability. I've DRSd, bought at GameStop, used the Beta marketplace, and now I'm watching the world economy crumble while our stock dies slowly with almost no volume. + + +Sorry if this post comes off negative but something has to change if we ever want to see real price discovery. GameStop should feel some real pressure instead of just relying on a loyal shareholder base that will keep buying regardless. +Iā€™m in a bit of a pickle, I sold my company a few years back and find myself with a lack of ā€œpurposeā€. I joined a board for a local non profit but I find it is just helping pass the time. Iā€™m contemplating starting something else but not sure if I want to chew glass again. To add context Iā€™m in my early 40s. Iā€™m wondering what others have done in similar situations? What was challenging about retirement for you and how did you overcome it? + +EDIT: Thank you for the responses. I guess I should have given a few more details. I rarely drink, workout 5x a week, golf 2x a week (I could always get better). +Thats $300 million USD, every day, for 20 years. + +I am not sure what exactly have been accomplished but if the money was spent elsewhere in area such as schooling, hospital or even scientific research, instead of waging war perhaps we all would be in a better place. + +Part of this is to do with how the Afgan war is actually a business as the public US fiscal budget is paid to numerous private contractors and mercs for war supply (eg. As explained in Dog of Wars), which ties to further R&D for even more deadly weapons to be used for killing in future wars. + +Should part of the Bitcoin movement be to separate the power of money control from the government, so the financial ability to wage war is reduced, to save lives and create a better world with less military conflict? + +This needs to be put to a stop by Bitcoin, otherwise when will this ever end? +Unfortunately I have 0 knowledge and experience when it comes to financing and investments. The extent of my knowledge is submitting a request for a bank account to be opened. + + +Some context as to why that is: I'm from a third world country where there are limited opportunities. Those that are available to the general population are "rigged" so that you end up either loosing money (due to inflation and market development) or at best remain with the same amount of money. That and the fact that no one is educated about anything regarding investing or financing leaves the majority of my country clueless. + + +I've just recently realized that not knowing what to do with money has been a big problem. I've just recently started earning enough to cover all my costs and my family costs + have a bit left over (\~ 300-500 EU). I have been educating myself for a week or so but the majority of content is either specifically for the US or for EU but not in English and Google translate just butchers the translation. + + +What I am hoping is someone will point me in the right direction to figure out: +1. What is the Finland equivalent of an roth IRA (I do realize pension works differently in Finland, this is mostly me trying to figure out if there is an investment opportunity I am unaware of) +2. How do you calculate what your pension will be like in Finland? +3. Where can I (for free and paid) learn the basics of financing and investment? +4. Where should I look into investing opportunities? +5. Where could I learn about investing into real estate in Finland? Since there seems to be different investment opportunities here regarding RE +6. As someone in Finland/EU, what should be my first steps and how should I approach savings/investments? +As the title says, I am in my early 20s and in the last few years managed to save up about 50k EUR. + +I want to start building wealth and invest this money. However, with current craze in all markets I am really not sure where to start and if I should start at all or wait for things to cool down. My initial goal this year was to buy an apartment, however, in my country there are crazy things happening in real estate market. A good 1 room apartment price went up from something like 55-75k from last year to something like 80-90k now, with good options being bought with all cash offers in **hours.** I was also looking at various vanguard etfs like VWCE or VUSA. However, here again I believe that currently, markets are highly overvalued and there might be price a correction in near future (maybe I am wrong). + +I am about to finish college in next year and I don't really have any major expenses at the moment, so I manage to save up roughly 1k per month. My goal is to invest money relatively safely, as at the moment it is just sitting in my bank account not doing anything. But I am not sure what are viable options for me at the moment. + +I am curious to know what would you do if you were in my position? + +P.S. If that changes anything: I am in the tech industry with a full time job as software engineer, so I have relatively stable income with above average pay in my country. +I posted previously about HOGE 3 days ago: https://old.reddit.com/r/CryptoMoonShots/comments/lrc12a/hoge_has_great_potential_both_short_long_term/ + +We've gained about 100 holders since then, and the dev team has been working hard to turn the roadmap into reality. Some great news this week as we continue to grow the community gives this coin some real moonshot potential: + +# News + +- Brand new website just launched and looks amazing! https://hoge.finance + +- Whitepaper is out: https://hoge.finance/documents/hoge_whitepaper_compressed.pdf + +- The first exchange listing (on Whitebit exchange) is fully funded. HOGE should be available for trading in the coming week! + +- The genesis print of Non-Fungible Tokens for the Hoge community will be available to those who have wallets holding Hoge **before** the WhiteBit listing. The printing event will happen sometime **after** the listing, in the coming weeks. The NFTs look really cool, and if HOGE does actually moon, these 1st edition ones may become quite valuable. + +- Community keeps generating great content. See this video for example: https://m.youtube.com/watch?v=iihqp_YJ0h8 + +- We've had a handful of #dogearmy accounts and two blue checks like/retweet HOGE on Twitter, so HOGE is gaining traction! + +# Past highlights + +- HOGE is listed on CMC, Blockfolio and Coinbase + +- Devs did an AMA with Satoshi Club. Recap here: https://esatoshi.club/hoge-finance-x-satoshi-club-ama-recap-from-23th-of-february/ + +- Liquidity lock + no whales make this impossible to rugpull. + +- Uniswap liquidity is locked for 4 months (https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) + +- No dev / team wallets. All devs bought HOGE like everyone else, and there are only 3 wallets with 1% out of 1400 holders. The Whitebit exchange listing cost $15,000, which was financed 100% through community donations. See the holder list here: https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances + +Subreddits: /r/hogefinance (main), /r/hogecoin, /r/hoge + +Telegram: t.me/hogefinance (it's really a great community, you're welcome to join!) + +My position: ~1 ETH / 1.x billion HOGEs. +Hello everyone! I hope all is well with you all. + +First, some context: + +**State**: GA \[Atlanta METRO Area\] + +**Household income**: 75k Gross (\~5000mo after tax) + +**Monthly obligations:** + +* Health insurance: $750/mo ($120 for me through my employer + $630 for spouse and child through marketplace.) +* Rent: $400 (parents) +* Car payment: $327/mo +* Car insurance: $217/mo +* Groceries: $500/mo +* Phone bill: $75/mo +* Credit card debt: $60/mo (only $300 left to pay-off) +* Subscriptions: $53/mo + +**Savings:** 16k + +**Family gifts contingent on home purchase:** 7.5k + +My spouse and I have been trying to buy a house in this crazy market for around 8 months. We've already placed 12 offers and only got accepted on a neglected home that came back with a poor inspection report \[backed out\] and an overpriced, 315k townhouse with a 288/mo HOA \[backed out so that we would not become house-poor\]. + +So we started looking into rentals and are only seeing a minimum of 1550/mo with an average rent of 1750/mo! How do people live and save with so little leftover a month? + +Should we rent in the school district that we want (\~rent 1850/mo) and then try to buy a house next year when things cool down? + +**Or should we just start trying to buy a townhome as a happy-medium between renting and buying a house?** Our only concern with townhome is the resale value when the market normalizes knowing that single family homes always sell quicker. + +All advice is appreciated! Thank you! +Cardano is currently offering no real world use, every price increase is speculation on more people hoping on actual adoption. + +This speculation will still have too much volume for a crypto "just" adopting smart contracts. + +Smart contracts is a feature many other cryptocurrencies have while being fast and not taking much fees (XLM). +The speculation acts like Cardano would adopt a ground breaking never seen before innovation, even while it is considered a more basic feature by some people by now. + +(I like Cardano and even own some myself) +1. Price doesn't matter until the squeeze has been squoze. +2. The best time to buy GME was 2 months ago, the second best time is NOW. +3. Buy shares, not options. Invest only the money you can afford to lose. +4. Don't fall for FUD. Any account can be a shill/bot, even the ones created before January. They are PAYING users to spread fear and enroll you to post negative comments/posts. +5. GME has been and will always be the only play. Anything else is a distraction to limit the impact GME can have. (Yes, even RKT). Never will the planets align this perfectly again to trigger the biggest short squeeze of your lifetime. +6. The most important point : Don't sell. Supply and demand : you have something they want, we all do. So YOU set the price you want. And the price can actually go up to infinity. This is going to be the biggest transfer of wealth the world has ever seen, don't ruin it being a paper hand and selling low. +7. Hold. Hold. Hold. Selling at 1k is trolling. They want you to sell at 1k, that's why they keep spamming comments saying they put stop limits at 1k. 1k is lowball. 1k could just be a gamma squeeze. 10k is lowball. +8. As stated by u/Polihanna, the squeeze will last multiple days. Don't be afraid that it lasts a few seconds and you'll miss it. You won't. +9. Don't day-trade GME. It's extremely volatile, and you actually help them by selling shares that they can buy for cheap. You delay the squeeze and reduce its impact if you day-trade. +10. THIS IS NOT A GAME OF GREED. IT IS A GAME OF TRUST. + +&#x200B; + +100K/SHARE MINIMUM. (And that's only a checkpoint). + +&#x200B; + +Don't get caught in their FUD, they are trapped in a corner and are doing everything they can, legal or not, to limit their losses. Finish them. + +Most importantly : I will not sell under 100k. This is the play of a lifetime, this could change my entire life, I could buy a house, and help others. I'm not ruining my only chance. + +**šŸ’ŽšŸ–** **šŸš€** DONT SELL UNDER 100K **šŸ’ŽšŸ–** **šŸš€** + +This isn't financial advice, but only my opinion. Do your own research. Am not a financial advisor, just a retarded ape, no wrinkles. + +&#x200B; + +EDIT1: Added point 9. + +EDIT2: Added point 3 as a separate point, as suggested by u/cordelaine. Also added point 10. + +EDIT3: Added point 8. +Every single one Iā€™m invested in is currently down, (and most are down between like 5%-10%) And out of the over 50 stocks Iā€™m following, only like 3 are in the green. What is going on with the market? Iā€™ve never seen anything like this (Iā€™ve only been investing since December) + +Edit: thanks for everyoneā€™s responses! Looks like evergrandeā€™s situation is affecting the majority of the market!! Cray Cray.. Time to buy the dip!! +How legitimate is the content posted on Zero Hedge? I've found myself reading the site recently, and to me it always seems as though they have a 'the sky is falling' mentality. What are your thoughts on the blog? I'm usually a really big Matt Levine guy.. so I wonder if he's just skewing my view with his god-like understanding. +Hey Theta Gang, + +Since the market is closed today, I was looking for some sort of overall portfolio guidelines and came across this interesting set of "commandments" from TastyTrade. + +You can find the post of 20 Commandments (19 if you don't count the self-promo for TT content) here: http://tastytradenetwork.squarespace.com/tt/blog/-tastytrade-trading-commandments + +I think these commandments are some really good guidelines for successful trading and here are a few of my favorites in no particular order: + +* Trade only in liquid products - tight bid/ask spreads and good volume + +* Overall portfolio probability of success should be between 65-75% + +* Target theta decay of 0.1-0.2% of net liquidity per day. This will vary depending on the IV environment. + +* Ensure your portfolio has the proper Beta weighted delta for your market assumptions (bullish, bearish, neutral) + +* Size your positions appropriately. You will see a lot of varying values here depending on your portfolio size, even from different people on Tasty Trade. Smaller accounts 1-2% buying power per trade. If you are $100k+ then shoot for under 1%. + +* Trade often and with consistent sizing. Be consistent with position sizing. Having 10 positions at 1% buying power and then a 10% position could destroy the favorable probability of profit we are shooting for if that large position goes poorly. Scale your contracts to match the sizing goals. + +* Use volatility to identify opportunities. Shoot for IV ranks above 50 to increase the chances of making money due to volatility falling in addition to theta decay. + +* Use leverage responsibly to increase returns. Position sizing helps greatly here. + +* Markets are random and cyclical, so technical analysis, fundamental analysis and tape reading are a crap shoot, and probably no better than 50-50 in the long run. + +What are some other guidelines or commandments that you trade by? + +**DISCLAIMER: I am in no way affiliated with TastyTrade. I just thought this would be a useful tool for discussion. I know Options Alpha has similar trading checklists/guides, as do other sites.** +Let's share thoughts on what worked this year and what didn't as far as wheeling is concerned + + +I didn't wheel anything this year as we are in a bear mkt other than small loss on few tqqq trades which was well offset by good trades on sqqq and other short 3x etf + + +Why the hell would anyone wheel during a bear market is beyond me? That too with no stops + +What saved you stops ? + +When to start wheeling some blue chip stocks thoughts? +**Calling the great options brains!** + In preparation for next week, I scanned the earnings calendar and I picked 11 stocks based on market cap and options volume. +Then, I created this sheet where I analysed the previous earnings move of the stocks as well as the expected move from MarketChameleon. +I, then, adjusted the expected move to reflect the worst-case scenarios. +After that, I looked at the delta of each lower and higher strike of the expected move range and came up with suggested Iron Condors for some (5 of them). The rest are either too low in profit or wide bid/ask spread. +**Please note the following:** +1. The expected move will change in value as the trading week begins. (The sheet has formulas and will update itself). +2. The delta is based on the last close price. I will have to update that manually as the market opens. + +3. I intend on buying ICs (For credit of course) 1-2 hours before the earnings announcements and close the trade at the IV crush. For example, if the earnings are on Tuesday BMO, I will open the trade on Monday (1-2 hours before market close). If the earnings are on Tuesday AMC, I will open the trade on the same day (1-2 hours before market close). +4. My approach in these ICs is to play it as safe as possible. As a consequence, both max profit and loss are relatively small. 5. Feel free to create an editable copy of this sheet. + + +The reason why I'm sharing this sheet is that I value your feedback. **I am by no means encouraging anyone to use these suggested trades** as some values will change as the market opens. + + +[https://docs.google.com/spreadsheets/d/1SwuLwerRVl9XtTN4mMVp2niNLqVW-HgJv6aKN7xcOhg/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1SwuLwerRVl9XtTN4mMVp2niNLqVW-HgJv6aKN7xcOhg/edit?usp=sharing) +Hi, I want to point something out about the 'quiet period' that expires this week. + +It states **RC Ventures** won't do anything until that time period. It says **RC Ventures** can increase its positions to 20% holding.... meaning that about 6,500,000 shares can be purchased by **RC Ventures. RC Ventures** is a separate entity from RC and from Gamestop. We need to think on that. That could close the final gap if that entity was to buy those shares. + +Right now, according to DRSBot and [computershared.net](https://computershared.net), there's somewhere between 21M and 23M shares to be locked. (Yeah, people need to DRS COME ON!!!) Anyhow, we'll say 22M shares are left..... + +SO, if **RC Ventures** decides to buy 6.5M shares.... That brings us to 15.5M still available.... That brings us to only 20% outstanding. Let's remember that the VW squeeze happened when there was still 25.9% available.... :D **HOWEVER,** don't think you shouldn't be DRS'ing. Keep pushing!!! There's no guarantee that **RC Ventures** will buy those shares. + +Do you see what I see?: + +* Gherkā€™s personal view on DRS - unchanged for many months + +* Gherkā€™s channel is monetised - unchanged for most of this year + +* Gherk releases DD in November that includes how options could trigger MOASS .... + +Since his DD was released: OmG hE iS moNEtiSed aNd wONT drS HiS sHaREs hE Is a sHilL + + +Gherk has been a constant contributor to this community and is suddenly being attacked by a small but ***very very vocal group*** of users on this sub ***on the basis of points that have been well known ā€”- and publicly and loudly acknowledged by himself ā€”- for a long period of time***. + +The only change Gherk has made is his new DD. He is clearly onto something with his new DD. + +Leveraged retail via options are a significant threat to hedgies. + +Edit: typo +Hi, can anyone please help me out with TA on this graph? + +I know nothing about TA and don't want to make the wrong trading decision. Moon in now, or will this have strong pullback? + +I am an FA guy, and have followed this project for a while, know the fundamentals are solid long term. But fundamentals aint price I know. + +Now it shot up. + +What level is good to join in? + +Don't want to feel hurried and most definitely don't want to feel like a stupid buying in on a wrong price, especially since I was already following. + +Only TA advise please. + +&#x200B; + +https://preview.redd.it/iq3ik2di6ey71.png?width=955&format=png&auto=webp&s=1cfaf4942fe6ae69cb8bef1c03636592ceff2f75 +"Why aren't millennials investing in the stock market?"\*invests in MoviePass\* + +"NO NOT LIKE THAT" + +Part of me expects reasonable discussion for this thread, part of me also expects this to have some r/wallstreetbets bleed over. Either way, MoviePass is the new big bet. + +EDIT: Fuck. The link didn't go. [http://markets.businessinsider.com/news/stocks/moviepass\-owner\-helios\-and\-matheson\-stock\-price\-millennials\-buying\-igoring\-skeptics\-2018\-5\-1024863463](http://markets.businessinsider.com/news/stocks/moviepass-owner-helios-and-matheson-stock-price-millennials-buying-igoring-skeptics-2018-5-1024863463) +[Official statement](https://twitter.com/AskRobinhood/status/1237016846282280961) on Robinhood's Twitter account alerts that all trading operations are currently down. Robinhood's status page likewise [shows "Major Outage"](https://imgur.com/OrW8FCw/) on all trading features: Equities, Crypto, and Options. + + +[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? 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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!* +Hi all, Iā€™ve started my journey in algotrading about 3 months ago and will love to get some advice. + +What Iā€™ve done up until now is testing all kind of strategies, most of them rely on technical indicators. Not much success but I really like working on it and exploring ideas. Iā€™m coding and testing these strategies with python and use daily stock data from yfinance. + +What worries me is that I see many talks on machine learning and statistical models which I donā€™t have much knowledge of. Does profitable trading algo necessarily has to include them? Or did someone achieved profitable strategy with a simple algo (i.e. moving average based rules etc.) + +Also, I didnā€™t dive much into the popular metrics (sharp ratio, equity curve etc.) I figured that I should at least come up with a profitable strategy (high winning rate without big losses that eat profit) before I dive into them. Is this a reasonable way to go? + +Would appreciate any further advice for a beginner like myself. Thanks! +Hi, + +After seeing this awesome stating we should share more our algos and tips, I will try to share ours. + +We've recently started experimenting with a moving stop loss which follows the stock price as long as I reach my stop profit. + +Basically, when I reach stop profit, I perform the following calculation every minute (taking a Long positon as an example): + + newStopLoss = MAX (price - incrementDeltaLoss, actualStopLoss) + +*With incrementDeltaLoss being a % of the deltaProfit specific to each STOCK / FOREX pair.* + +**Here is the result** on 150 trades over 2 weeks: + +* Profit increased of 18% on winning trades +* No impact on loosing trades + +What about you guys, do you have specific ways to handle your stopLoss and stopProfit which drove significant performance improvement? +Hello all, + +This is my first post but I've been following the thread for a little while now, and my wife and I have just put in motion a plan to drastically increase our savings that I though I would share here as it could apply to others. + +To start with a little bit of context: we're in our early 30s, no kids yet and only one income. I work as a consultant/CPA and the pay is good but I spend most of my weeks travelling while my wife stays in our apartment in LA.This creates two problems for us: we have expensive fixed costs from renting and living in LA, and we spend most our time apart. + +The plan: my company offers a road warrior status, where the expectation is that you constantly travel, but in return are paid 30% on top of your ordinary salary. All housing / food / car costs are taken care of by the company.So we've crunched the numbers and if my wife follows me everywhere I'm assigned, we can give up the apartment, the car, and most of our monthly expenses, thereby bringing our monthly spending budget from $5k to $1.5k, and getting the additional 30% in income.With this, we would be looking at a savings rate of 86% (of take home pay), vs. $57% today! + +Combined with our current assets, we can hit our FIRE target (30 times annual spending) in 6 years only! + +The obvious downside is that its much harder building your social network when you only spend a couple of months at each location .. but we're hoping that the prospect of financial independence in our 30s is worth that much. + +So if you job gives you that opportunity you should go for it! If not and you're a CPA, send me a private message because I know we're always recruiting! + +If anyone has suggestions on how to make the nomadic lifestyle work best, I would love to hear them. + +Cheers +I'm curious to hear about peoples business dealings that have gone bad. There are a lot of warnings on this forum about where and when to be wary of abusive relationships (most recently I saw warnings about rolling over equity with a PE group that wants to buy someone's company), but I haven't seen many firsthand stories about actually being ripped off. I'd love to hear more so that I can maybe be a bit more shrewd in my own business dealings, and hopefully others will find the thread helpful. + +Minority shareholder in a company and you didn't get the promised payout? Employee theft? Business partner emptied the account and left the country? Please share. +Hey everyone! + +So, my girlfriend was waiting for her company to get dental and they still havenā€™t. This stressed her out so she decided to just pay for a cleaning out of pocket. She went, got the cleaning, setup next appointments and came home. + +They told her she needs minor work, nothing too concerning or pressing, and it will cost her $1000 per appointment, 3 appointments before the end of the year. They shotgunned them for her and talked her into the private plan with their office (each appointments is still $800 with a $300 entry fee, better, but not by much). + +I told her to cancel them, get private insurance or something, then go to a new dentist but sheā€™s convinced this is ā€œwhat youā€™re supposed to do.ā€ + +Is there another option I can provide her that is better? Let me know, thanks! + +EDIT: wow, thank you all so much for everything! She came home and read through the comments and now understands that this isnā€™t right. You have saved us a ton of stress and monetary loss ans I cannot thank you enough! +In light of the bushfires we're seeing across NSW/QLD now it's got me worried about losing everything if one came through where I live (near wombat state forest, VIC). + +A quick Google and it's easy to find stories of insurers that try to get out of paying up [https://www.smh.com.au/business/consumer-affairs/insurance-hell-aami-refusing-to-pay-out-wye-river-bushfire-victims-20160412-go4cje.html](https://www.smh.com.au/business/consumer-affairs/insurance-hell-aami-refusing-to-pay-out-wye-river-bushfire-victims-20160412-go4cje.html) + +&#x200B; + +For context, I have a custom steel framed/brick home (shaped like a boomerang lol), a large elevated verandah that overlooks the bush, good solar/battery setup (not the cheap shitty ones on you see advertised on TV), spray foam insulation throughout. What I am trying to say is that it's not one of the cookie cutter cheap houses you often see thrown up on new housing estates. + +I have building insurance with AAMI for $700k, but the wording in the PDS has been changed over the past few years to read this: + +>...covers insured damage or loss to your home building for the total amount it would cost to us repair or rebuild it... +> +>We will not pay more than it costs us to rebuild, repair or replace the building. + +Does that mean they could use their own builders to put in the cheapest quality home possible for $150k as long as it meets the 4bed 2 bath thats on the policy? + +Are there any insurers that would actually rebuild and give you back exactly what you insured for? Or do they all cheap out like this. +I have about 2000$ and I live in a very poor country, it took quite a while to get where I am so if I could earn like 10 dollars a day I on top of my day job I might legit not need to work at all. How can I do so? I started looking into the stock market a month ago and just recently actually started investing but I might need more guidance. +I just feel broken. + +The litter is nasty. My daughter has outgrown all her shoes and over half her clothes. I'm wearing flip flops in 15Ā°F weather. One side of the kitchen sink leaks. The hot water heater could go at any moment. The upstairs bathroom sink doesn't work. We are completely out of trash bags and puppy pads. I stress thinking about groceries because my wife can't have gluten and anything gluten free is expensive. Someone on Facebook gave me canned vegetables (low sodium / no salt added) that I've been using to make my daughter soup, but even that is running out. I barely eat anything and it gives me migraines. I've got 3 cans of cat food for the picky cat and 3 cans of dog food for the old dog; luckily they are over 1lb each and should last us through til my next paycheck. + +The check will be gone before it even hits my account. I was unemployed for just 3 months, and I feel like my life is ruined. I feel like my daughter is going to have to grow up like I did, with nothing, and nothing has ever so thoroughly broken my heart and made me so ashamed. I am so tired. + +Edit: I didn't expect so many (or any) responses. I'll respond when I'm home from work. +I'm a bit new to forecasting, but what do you guys normally use? I'm hesitant to use any sort of linear forecasting though. For some reason my profits model best using a fourth degree polynomial model, which is extremely confusing.... +Hi guys Iā€™m new here and Iā€™ve seen lots DDs about companies which started as Penny Stocks. I wanted to get into some company which is with us for a long time and become penny lately. To make this DD I was looking into undervalued companies for long term investment not into quick pumps, also those which pricing hasnā€™t been affected much lately. + +What Rolls Royce Holdings + +At first Rolls Royce Holdings is not a luxury car manufacturer. Company was founded in 1904 (117 years now) and their business is aerospace and defense. Company designs, manufactures and distributes power systems for aviation and other industries. Actually, they are were 16th top defense contractor in 2018. Although company is had a big portfolio of clients covid-19 hit them hard as it hit all aviation business all over the world putting it shares price back to 2005. + +&#x200B; + +https://preview.redd.it/9rtyge7773u61.png?width=623&format=png&auto=webp&s=59ba289c675e266bd88bcf9b5abf53c9b8f3ad02 + +Why share price is so low: + +1. Covid affected all airline related business + +2. RR income dropped by 24% in first half of 2020 + +3. Brexit pushed RR out of European Union and they have to look for a workaround to maintain cooperation with continent based companies: + +[https://www.industryweek.com/the-economy/article/22025527/rollsroyce-plans-brexit-workaround-to-maintain-engine-handovers](https://www.industryweek.com/the-economy/article/22025527/rollsroyce-plans-brexit-workaround-to-maintain-engine-handovers) + +IWhy RR could be possible good long term investment: + +1. Rolls-Royce Holdings will name former Deloitte partner Panos Kakoullis as its next chief financial officer + +[https://economictimes.indiatimes.com/news/international/business/rolls-royce-names-former-deloitte-partner-kakoullis-as-cfo/articleshow/80921599.cms](https://economictimes.indiatimes.com/news/international/business/rolls-royce-names-former-deloitte-partner-kakoullis-as-cfo/articleshow/80921599.cms) + +[https://www.linkedin.com/in/panoskakoullis/](https://www.linkedin.com/in/panoskakoullis/) + +2. Company introduced saving plans including temporary closure of engine factories: + +[https://www.bbc.com/news/topics/ce1qrvlex71t/rolls-royce-holdings](https://www.bbc.com/news/topics/ce1qrvlex71t/rolls-royce-holdings) + +3. Analyst consensus is to HOLD stock with target price +159% this year. [https://money.cnn.com/quote/forecast/forecast.html?symb=RYCEY](https://money.cnn.com/quote/forecast/forecast.html?symb=RYCEY) + +4. If RR survives the covid lockdowns it will be back on the track, lately it signed new service agreement with airline: [https://www.rolls-royce.com/media/press-releases/2021/18-02-2021-poweroftrent-rr-announces-totalcare-agreement-with-uganda-airlines.aspx](https://www.rolls-royce.com/media/press-releases/2021/18-02-2021-poweroftrent-rr-announces-totalcare-agreement-with-uganda-airlines.aspx) + +5. Share price in 2020 dropped to lowest level since 2005. Possibility of rapid value gain after loosing air travel restrictions. + +6. Company announced is to start building Nuclear Power plants: + +[https://www.bbc.com/news/science-environment-54703204](https://www.bbc.com/news/science-environment-54703204) + +7. Before covid company revenue was growing. Report from 2019: [https://www.rolls-royce.com/media/press-releases/2020/28-02-2020-rr-holdings-plc-2019-full-year-results.aspx](https://www.rolls-royce.com/media/press-releases/2020/28-02-2020-rr-holdings-plc-2019-full-year-results.aspx) + +8. In 2021 RR expect to be profitable again: + +[https://www.barrons.com/articles/rolls-royce-hopes-5-6-billion-2020-loss-leaves-the-worst-behind-51615480445?siteid=yhoof2](https://www.barrons.com/articles/rolls-royce-hopes-5-6-billion-2020-loss-leaves-the-worst-behind-51615480445?siteid=yhoof2) + +Iā€™m not financial advisor or professional also Iā€™m not big investor. My total position at this stock is around 2000 shares. This DD was done mainly for me and should not be considered as financial advice. You should do your own DD before making any decisions, donā€™t allow others to influence your decisions and I encourage to read all attached articles yourself. + +Please share your thoughts about this post. + +And for the last is I always wanted to have a Rolls for myselfšŸ˜Š +Two days after I mechanically close a 450 SPY short call that went >2x in the red, it's down below my break-even point. Every time a short poisition goes ITM, I say to myself: "just chill, it'll come down/up again"... But you can't just chill when you're naked - you have to stick to the mechanics, and that often leads to losses. A spread would have given me the luxury of chilling... + +"So what, just trade often! Win rate will even out the returns over time." This sounds good, provided you're able to trade... I've been selling SPY strangles for years, and they work fine, until they don't. + +I rolled down the calls, rolled out the puts, then went inverted, but SPY kept falling, and eventually my account was paralyzed. I had 40k in cash, but 60k in buying power usage, so I couldn't take advantage of the opportunities - insufficient margin. Yeah, it will work out eventually, but it's not been worth the hassle. + +From now on, I'm sticking to spreads and condors. If I want more premium, I'll widen them out to 10, 20, maybe even 30 points for something like AMZN. But no more naked shit, it's not worth it. +I just received my payoff quote and sent off my last mortgage payment. Debt free at 44! Paid off a 30-year mortgage in 8 years, saving over $80,000 in interest. Damn it feels good! + +My wife and I teach at local colleges and combined don't make more than $90k/year before taxes. No kids (maybe cheating, but that does make things less expensive, YMMV). We deliberately bought a house well within our budget anticipating early payoff and put a lot of personal work into it to make it comfortable. + +My advice to younger folks looking into home and car ownership: + +**1) Buy well within your means. And be realistic about your means.** There is a difference between what works and what you want, and you need to learn to be initially content with basics. Don't buy that shiny luxury car on credit. Buy a good used car and learn to take care of basic maintenance yourself. Save up and pay in cash if able. Same with the first house. When you get free of debt, then you can start looking at that shiny car and that pristine house. + +**2) Keep a well stocked emergency fund for the inevitable storm**. You will probably shift careers several times in your life and you need to be able to weather periods of unemployment. + +**3) Do math. Really.** If you weren't great at math in school, still try to learn how interest works against you when taking out debt. Use reputable mortgage/loan interest calculators online and explore payoffs. I use spreadsheets to calculate and track all of my finances and it is invaluable when attempting to forecast. + +**4) Don't assume more debt than absolutely necessary. What the bank will lend you and what you can safely afford are two wildly different numbers.** By all means, get a 30-year-fixed mortgage, but see what it would take to pay that off a few decades early, and use *that* number to determine how much house you can afford. See item 3. Avoid PMI with an appropriate downpayment. If you can't afford the downpayment, you can't afford the house. If you take out all the mortgage that the lender will give you, you will be a debt slave for many, many years. + +**-------------------------------------------------------------------------------------------------------------** + +**EDIT: RIP Inbox! I've tried to reply to a bunch of posters but only managed to answer a few questions. Here are a few:** + +**-------------------------------------------------------------------------------------------------------------** + +**Q: How much was the mortgage compared to your income?** + +A: Purchased a cottage for $168,000 in 2010 (a buyer's market after the recession). Yeah, this isn't Beverly Hills. Some of you probably have more expensive dog houses. Put $35,000 down on a 30-year fixed mortgage, 4.2%. PITI was less than $1000/month, which was a bit more than 20% of my take-home pay. + +I was able to put about $1300 into savings every month toward the end by some rather ruthless budgeting and some side contract work, and I kept 6-months emergency expenses in savings. When I accumulated significant excess savings and was assured all liabilities were covered for the next year, I'd slam a big payment down on principal once or twice a year. + +**Q: Why didn't you go with a 15-year fixed mortgage?** + +A: I initially went with 30-year-fixed as I was in a new job and wasn't 100% sure of how quickly I could pay it off, so I went with flexibility. Once I got a stable picture of our finances I saw that I could do even better with 15-year, so I refinanced a few years ago to help expedite the payoff. + +**Q: Why not just pay minimum and invest the rest?** + +A: Personal satisfaction and security. Knowing that I don't have to worry about a mortgage payment ever again, or worry whether the stock market will beat my mortgage costs over 30 years, is priceless to me. Early payoff is a guaranteed return (albeit probably less than the stock market), and now I can devote what I would have paid to my mortgage over the next 22 years to savings and investing. And I was maxing out my IRAs over the last several years while doing this. + +Yes, I very possibly left some money on the table by not putting more into the stock market. We'll see in 22 years how much that matters, but all I know is that I am safe and comfortable NOW and am putting nearly 50% of my pay into savings and investments. + +22 extra years of being worry-free; it's hard to put a price tag on that. + +**Q: What about the mortgage interest deduction?!? Didn't you just walk away from $80,000 in deductions by paying off early?** + +A: The mortgage was initially only for ~$134,000. What I was paying for mortgage interest every year only made itemizing for the mortgage interest deduction barely worthwhile for the first two years or so of the mortgage. Remember, it's a deduction from taxable income, not a tax credit, so the actual benefit on my income was a couple hundred dollars at best. Ever since the standard deduction has always been the better choice. The mortgage interest deduction was never a compelling motivator to maintain an outstanding mortgage. +I know this is someone trying to see if they can scam me, and I know it's posted on here a lot. What I wanted to know is: + +1) Once I report this, will I still be able to use my account? I have rent due in a few days and don't want to miss it because my account is 'Locked' while this is being investigated. + +2) When I call it in, can I request that the account that sent the money be blocked from doing it again? + +&#x200B; + +Any advice is appreciated. + +EDIT: + +First, thank you everyone. + +Second, I just left my bank and after looking into it, it was a verification deposit from my new employer who did not tell me they would be doing this. +I know a lot of you guys want to retire in your thirties or forties, but Iā€™m pursuing FIRE to maximize my standard of living. I want to go on opulent vacations to exotic places, have expensive hobbies, have a nice house built on some major acreage, and have kids. + + +It doesnā€™t matter to me if I retire in my mid fifties, Iā€™m totally fine with working for 30 years to maintain a very high standard of living. + + +Iā€™ve done estimates on how long itā€™ll take me to retire, and according to my spreadsheets, I should be able to retire with $125,000 per year by the time Iā€™m 55. I figure thatā€™s enough for me to basically do what I want when Iā€™m older, and even help my family if I need to. + + +Do you guys feel the same way, about keeping a high standard of living? Or do you just want to retire early? +2020 was an unprecedented year. New investors (of which there are tens of millions now) need to know that on average the return of the market is around 10% (it ranges from 7%-11% depending on your metric, but for simplicities sake we'll average it to 10%). + +If you have gone beyond that 10%, that is a good thing, but it is not the average, and in the long term few investors beat the market as time goes on. Generally, beating the market is an anomaly and hard to replicate over 10 and 20 year periods. + +I think as a whole investors have been spoiled by the last year. The market was so awash with cash (and continues to be) from FED action that a monkey could throw darts at a board and make a lot of money. + +I make this post only to say that for newer investors, those who have been investing just in the last few years, don't be disappointed when your performance doesn't match that of 2020. As far as statistical returns show us, that was far and away an anomaly. + +I think it's prudent to temper your expectations. I don't mean sell, I don't mean you won't beat the market in the future, I just mean to say temper your expectations so that you don't become disenchanted with investing as time goes on. If you beat 10% in your portfolio it is a GOOD thing. However, expecting 30%-500% growth in less than a year is only going to make you feel disappointed when your stocks don't meet that expectation. + +Keep your head high, stay invested, let your investments compound, just don't be saddened when your returns are at or slightly below average moving forward. You're still doing better than those that don't invest at all. +What kind of professional can help me take a look at my options related to paying down ridiculous amount of credit card debt? ($50k!!) ugh!!! I donā€™t want to do a bankruptcy. I own a condo but it needs work in order to get a good price. I also have student loans ($70k) and a car loan. My 401k ($200k on a good day) is really my only good option. I have a teeny amount of stocks (maybe $3k) + +I left an abusive marriage with my 2 girls years ago. I just wanted to get out quickly and safely so I accepted terms that I should not have (some student loan debt is his but mine now per settlement). Been ā€œostrichingā€ for far too long. + +Is this something a CPA is best for? + +Financial planners seem to feel they are wasting their time with my broke ass. + +I make a decent salary ($112k) but low for my line of work and location... I am working on the income flow but I really want that debt to stop increasing by the second! Iā€™m 45, and no family members can help. +While a lot of people say they are 'in it for the tech', many of us are here because Crypto seems to be the best way to get to home ownership in the next 10 years. + +For people who saw their parents work and pay rent all their life, I'm sure they want a different life. They want to help their family and get to home ownership. + +One of the best asset class, in terms of growth, which is outpacing the housing market is crypto. + +While people take huge risks, I think BTC and ETH will get people to home ownership. + +&#x200B; + +You'd think the State would regulate home ownership since people are hoarding houses, you'd think they'd try to free us from the leeches who are the landlord class. Yet they are far more bothered that you or me are trying to invest in Crypto. + +&#x200B; + +In France Half of the housing market is owned by 3.5% of families so if someone wants to get a house they'd have to DCA seriously for the next 10 years at least. +So let's meet in 10 years for the wave of 'I bought my house thanks to crypto' wave of post! +For as long as I can remember, all Iā€™ve ever heard or read about when it comes to the financial implications of PCP / Leasing a car have been negative. + +And largely, I can see what youā€™re on about. Why pay Ā£200+ a month for something that you could purchase outright and actually own? Sounds like you would be crazy to enter into a lease! + +However, and hereā€™s where my personal experience taints the whole idea... I am 26 years old. I have owned 6 cars in the span of 8 years driving. + +This idea of purchasing a cheap car outright and saving money in the long run hasnā€™t really gone to plan for me... I have purchased from auctions, auction sites, dealerships, friends & simple online, yet every single time something has gone drastically wrong. Engine failure, major repairs, exhaust blowing up, someone crashing into me, me crashing into someone else - the list goes on. + +The total I have spent on these used cars (purchase price only) is: Ā£10,500 (cheapest car, Ā£800. Most expensive, Ā£3500) + +Add the addition work carried out for repairs (not including services or mots), approx: Ā£3000 + +Thatā€™s a total of Ā£13,500 spent on cars over the past 6 years. Costing me roughly Ā£187.50 a month since I started this journey of driving. (Not including insurance, MOTā€™s, service, tyres etc.) + +My current car has lasted the longest, 3 years - cost Ā£2000 & has had roughly Ā£350 a year to keep it in shape. Itā€™s a VW Polo with over 160k miles, and on its last legs - costing me roughly Ā£84.70 a month in total over the 3 years. Very good, however the chance of this happening again feels like a gamble. + +All of this to say, that in my experience cars are so unpredictable and the idea of buying something cheap to last years seems really like a pipe dream. +It could be that Iā€™m buying the wrong type of car or spending too little money... but in the mid-term (next 6 years) the idea of spending Ā£200 a month on a lease, works out to only be Ā£13 more a month than I have spent over the past 6 years but seems to be a lot less of a headache & guarantees a car that works... + +Question: +Have I just been unlucky with cars, or am I making a sober judgment to enter in to a lease deal? +Hi PF! + +I recently began a new job managing the operations at a small but highly profitable catering company. + +When I first started, I came in at a time of transition, where everything seemed to be in disarray and not very efficient. My job responsibilities were not too difficult, essentially ordering, staffing and event planning, but they were time consuming. The owner had a conversation with me in my first week and is a very enthusiastic for finding new ways to do things and developing the business operations, as he just wants to cook and loose the reigns on Ops. + +After that conversation I began work at home on an app that could be placed on the computers as well as tablets and phones which would essentially centralise and drastically increase efficiency of the operations of the business, essentially automating myself out of a job. When you take all the responsibilities that are covered by the app away, I am essentially just loading vans and managing staff at events. This is not a problem as it is a growing business and I would find new responsibilities to work on growing new sectors of the business. + +My problem is, I don't want to implement this for what I am currently being paid. I get the award rate for a supervisor (essentially minimum wage in Australia) and feel it is way out of my pay grade to reinvent the operations of the business. + +I plan to give the owner a demonstration in a couple of weeks time to see what he thinks. I know he will like it because of how the business is run currently, it needs this update. I want to know how I should go about getting the most benefit out of this for myself. Problem is, as well as being new I'm also young for my role and am unsure if he will take my negotiation seriously. + +My plan at the moment is to request an increase of my hourly rate (I'm paid as a casual) and in exchange I will implement as well as maintain the application and develop it further as the business needs it. This will also be ironed out in a contract for good measure. + +Or should this be something that I do as part of my job and then request a raise after I have proved my value? + +What do you think PF? +I know that you get tax breaks but what is it? I'm very new to RE, and I have yet to invest into a rental property, I was just wondering how the income from the rent gets taxed. Is there even income tax on it? Can someone eli5? +Y'all know that question: + +Would you rather have 30 million dollars or 30 million loyal friends? + +You know how fucked you'd have to be to go against people who are given the best chance at an improved life by a single individual? + +This isn't a cult, an organization, or an institution. + +What brought everyone here is the realization that not a single fuck was given to everyday citizens, until RC. + +We love this stock. + +Godspeed apes. Sooner may the tendieman come +Bought a 1300 sq ft 3 bed 2 bath house with a 2 car garage 2 years ago for $235k. Home currently valued at $360k. + +$390 mortgage principle + +$493 mortgage interest (2.88%) + +$800 escrow (this has gone up substantially since we bought the house) + +$1405 food/diapers/household goods for 3 adults & 3 children + +$506 gas + +$300 health insurance + +$200 water/sewage (average over past few months) + +$200 auto insurance + +$160 electricity (average over past few months) + +$80 phone plan for 2 + +$60 dental insurance + +$20 additional life insurance + += $4,614 in monthly expenses + +roughly $4,300 in guaranteed income per month after taxes + +&#x200B; + +My wife and I bought this house 2 years ago and we had cash to spare. Two years and a baby and a mother in law move in later and my base income per month is now less than our expenses. My wife going back to work isn't an option at the moment as she's taking care of her mother and a baby. I am just not sure where we could save money let alone get a space with four bedrooms. Any insight would be appreciated. + +\*edit\* +I have $45k in savings. So really the title of this post may be misleading, but my expenses are outreaching my income and they just keep going up. +I heard this piece on the way to work this morning and thought it may foster some interesting discussion. + +Main takeaways: + +This comes across as an anti-401k, anti-investing, anti-stock market piece intended to mourn the loss (and suggest the superiority) of defined benefit plans. To back up the positions, the journalist relies heavily on highlighting one coupleā€™s dream retirement enabled by their defined benefit plans and juxtaposing it with an elderly womanā€™s Great Recession retirement fund losses (later stating she ā€œgot out of the stock market a few years ago, opting to put her money in more conservative savings.ā€) + +[Navigating the New Realities of Work and Retirement (6:48)](https://www.npr.org/2019/10/02/766330750/navigating-the-new-realities-of-work-and-retirement) +Over this weekend there seems to be a message that labelling something as misinformation is FUD, this could not be further from the truth. + +Misinformed people make misinformed choices. + +Having a community that analyses every aspect of information and picks up things that are incorrect or wrong, or items that just need tweaking is a STRENGTH. +So yesterday, we tried to impress upon you the benefit of being early. + +300 of you listened, took advantage of our EARLY BIRD special and made massive gains. Hats off to those of you who did. + +Some were hesitant, and I can understand why. + +\- You may have been burned on a previous rug pull + +\- You may have gotten in late on a token and lost rather than gained + +\- You may have wanted to play it safe by having a later entry + +Allow me allay your fears. + +\- If you are afraid of a rug pull, fear not. You know why we had a bit of a rough start, having to scrap two previous versions of this token? The dev discovered a function in the code that elicited fear. The dreaded mint function. What did he do? He scrapped those versions of the token altogether, created a brand new one and proceeded to refund the token holders from those versions their ALL of their money. Keeping a promise is a big deal, and he did just that. Nobody gets FINANCIALLY wrecked under his watch. + +\- About being late, you are SUPER early, still. Our 4X yesterday is nothing compared to the 1000X we are hoping to reach. As a community, we are united in our effort to meet this goal, and we are pulling out all stops to get there. The potential for gains here is massive. There are only 650 holders, but we are growing FAST! + +\- I canā€™t fault you for being wary of volatility. Most new tokens experience high volatility in the beginning. Being three days old now, we are less new and more stable. + +What Did We Accomplish Yesterday? + +\- The launch of an NFT farm on the Unifty platform is in the works. This will allow everyone to stake their Moon Stop for NFTs of memes. Best part? Once you have these NFTs, you can trade and resell them in the Unifty marketplace. + +\- We applied for a listing on CoinMarketCap yesterday. + +\- Upon reaching 500 holders, we burned 1 million tokens. Another token burn is surely imminent. + +\- We now have 940 awesome telegram group members. Up from just 740 yesterday. We are growing. + +We are shaping up to be the GameStop of the cryptosphere and I could not be more excited. + +Again, the earlier you are, the better. Donā€™t delay further, hop on today! + +How to buy Moon Stop: + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd) ([https://exchange.pancakeswap.finance/%22%20%5Cl%20%22/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd%22%20%5Ct%20%22\_blank](https://exchange.pancakeswap.finance/%22%20%5Cl%20%22/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd%22%20%5Ct%20%22_blank)) + +Contract Adress: 0x44c928e154d2f8bf41557ac2c93fb398263af0dd + +Poocoin Chart: [https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd) + +TELEGRAM: [https://t.me/moonstopcoin](https://t.me/moonstopcoin) ([https://t.me/moonstopcoin%22%20%5Ct%20%22\_blank](https://t.me/moonstopcoin%22%20%5Ct%20%22_blank)) 740 members + +WEBSITE: [https://www.moonstop.space/](https://www.moonstop.space/) ([https://www.moonstop.space/%22%20%5Ct%20%22\_blank](https://www.moonstop.space/%22%20%5Ct%20%22_blank)) STILL A WORK IN PROGRESS! + +\*\*300 Million Total Moon Stop Supply\*\* + +\+ 50 Million circulating supply pre-launch (16.6%) + +\+ 30 Million available at Presale (10%) + +\+ 70 Million available at Pancake Launch (23.3%) + +\+ 22 Million already burned + +\+ 30 Million Lottery Distribution REWARDS (10%) + +\+ 20 Million Dev Wallet (6.7%)+ 20 Million Marketing Reserve (6.7%)+ 80 Million Coin Burn Reserve (26.7%) +SpaceOwl got major attention on the first day, reaching 1000 holders in less than 24 hours. They also released their audit on the first day. LP Tokens are burnt and Ownership renounced so the dev can't really do anything. + +The team has announced they have some major marketing plans coming out this weekend with the whitepaper launch and charity events. CoinGecko listing also coming out possibly. + +Best of all, the whales and team are taking this so seriously that they voluntarily [already burned almost 30 TRILLLION!!!!](https://bscscan.com/token/0xfb8e88409029697e59a11c14783ccbf224eded42?a=0xcc915ecd15b892c8e4ab919fe985a9ef31d3370c) Tokens from all the presale and whale wallets to stabilize the price and introduce scarcity. + +They also have been running some community contests and meme contests to give back to the community and are offering $SPOWL tokens to the winners of those. + +šŸ¦‰ Website : [https://www.spaceowl.co/](https://www.spaceowl.co/) + +šŸ“ Dessert Swap AuditšŸ“ : [Space Owl Audit by Dessert Finance](https://dessertswap.finance/audits/Space%20Owl%20BEP-20%20Audit%206512027.pdf) + +šŸ† SpaceOwl $1000 Meme Contest: [https://spaceowl.medium.com/spaceowl-first-community-contest-dae262df3a68](https://spaceowl.medium.com/spaceowl-first-community-contest-dae262df3a68) + +šŸ”“ LP Tokens Burned: [https://bscscan.com/tx/0xd78b204de3626bb0f3e671eecc226f692db490ad0bd6e37082d12ee3d7c4b769](https://bscscan.com/tx/0xd78b204de3626bb0f3e671eecc226f692db490ad0bd6e37082d12ee3d7c4b769) + +šŸ”“ Ownership Renounced: [https://bscscan.com/tx/0x6f317661d45282594e07af1716eca7841879905e0d42aee046b2f5f049c489ef](https://bscscan.com/tx/0x6f317661d45282594e07af1716eca7841879905e0d42aee046b2f5f049c489ef) + +šŸ„ž BUY NOW on PanCakeSwap šŸ„ž: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xfb8e88409029697e59a11c14783ccbf224eded42](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xfb8e88409029697e59a11c14783ccbf224eded42) + +šŸ“BSC Contract: [https://bscscan.com/token/0xfb8e88409029697e59a11c14783ccbf224eded42](https://bscscan.com/token/0xfb8e88409029697e59a11c14783ccbf224eded42) + +Telegram: [https://t.me/spowl](https://t.me/spowl) + +Twitter: [https://twitter.com/SpaceOwlFinance](https://twitter.com/SpaceOwlFinance) + +Medium: [https://spaceowl.medium.com/](https://spaceowl.medium.com/) +šŸ”„ Introducing TrueBurn šŸ”„ +TrueBurn is a deflationary token that destroys supply through burn. This is NOT rebase but true burn of supply. This brings all the bullishness and benefits of rebase without the drawbacks. +šŸ’Ž With its Truly deflationary nature, diamond hands are rewarded by owning an increasing percentage of supply as burns occur. +NFTs, Lottery, and Staking Pools! +šŸŒ• On top of that? Seasonal NFTs will automatically enter the holder into weekly lottery. +šŸ’° Staking pools are being made as well and there is even a bridge towards the end of the roadmap. +šŸ‚ Bullish and Safe!!! +šŸš€ In short this token is BULLISH, but it is also focused on investor safety. Featuring hardcoded defaults that cannot, under any circumstances, be altered or broken. Dev can never use tax, tx limit or wallet to HP. +Details +āš–ļø 10% buy and sale tax + +šŸ”’ LP locked 6 months on pinksale + +šŸ’ŖšŸ¼ Dev is fully doxxed with legal ID from the USA + +šŸ“£ CMC listed, CG incoming! + + +Launched from $67k MC and now sitting around $1 mil on a dip. Do not miss this moonshot!!! + +t.me/trueburnofficial +www.trueburn.io +https://twitter.com/TrueBurnBSC +Supply decreasing!!! + +Total supply: 977,752,946 (Decreasing) + +Dev: Seth Motta, well known and fully doxxed + +Tokenomics: + +Tax: 10% + +šŸš¦3.5% Marketing + +šŸš¦2.5% Liquidity + +šŸš¦2% Buy Back + +šŸš¦1% Burn + +šŸš¦1% Development + +Working for your Moon Shot, eh? +If you made it this far, then you deserve a teaser of our white paper.... here it is: + +TrueBurn +Full Spectrum Innovation to meet and beat investor hopes and dreams. +Introduction + +With long experience in the DeFi space the TrueBurn team has witnessed time and time again the way developers pull the wool over investorsā€™ eyes with flashy gimmicks. This is what inspired the contract that is now the foundation of TrueBurn. Itā€™s time to remedy these manipulative techniques, which attempt to alter buyer behavior. It is time for a token that does what it advertises. Itā€™s time for TrueBurn. + +What is BURN? + +As most people in DeFi know, a "burn" is a popular method used to remove a portion of tokens from circulation. Investors know that these burned tokens will never again be sold, but it yields no additional value. + +What is REBASE? + +Another recent development is the technique of rebasing. This reduces the total supply of the token everywhere. If dev rebases at 50%, holdersā€™ coins are worth twice as much but they only hold half as many. ā€¦Smoke and mirrors. + +In comes TRUEBURN + +To recap, traditional burn locks a portion of the supply, so it will never again be sold. On the other hand, rebasing changes the supply and can have a positive effect on the chart, but this effect is superficial and causes a change to investorsā€™ holdings. The TrueBurn contract combines both burn and rebase: every time a burn happens the token is literally removed from supply. In this way, the true supply is actually diminished while the number of tokens held by investors is remains unchanged. + +Stay tuned for the rest! + +https://t.me/TrueBurnOfficial + +www.trueburn.io + +https://twitter.com/TrueBurnBSC +So yesterday, we tried to impress upon you the benefit of being early. + +300 of you listened, took advantage of our EARLY BIRD special and made massive gains. Hats off to those of you who did. + +Some were hesitant, and I can understand why. + +\- You may have been burned on a previous rug pull + +\- You may have gotten in late on a token and lost rather than gained + +\- You may have wanted to play it safe by having a later entry + +Allow me allay your fears. + +\- If you are afraid of a rug pull, fear not. You know why we had a bit of a rough start, having to scrap two previous versions of this token? The dev discovered a function in the code that elicited fear. The dreaded mint function. What did he do? He scrapped those versions of the token altogether, created a brand new one and proceeded to refund the token holders from those versions their ALL of their money. Keeping a promise is a big deal, and he did just that. Nobody gets FINANCIALLY wrecked under his watch. + +\- About being late, you are SUPER early, still. Our 4X yesterday is nothing compared to the 1000X we are hoping to reach. As a community, we are united in our effort to meet this goal, and we are pulling out all stops to get there. The potential for gains here is massive. There are only 650 holders, but we are growing FAST! + +\- I canā€™t fault you for being wary of volatility. Most new tokens experience high volatility in the beginning. Being three days old now, we are less new and more stable. + +What Did We Accomplish Yesterday? + +\- The launch of an NFT farm on the Unifty platform is in the works. This will allow everyone to stake their Moon Stop for NFTs of memes. Best part? Once you have these NFTs, you can trade and resell them in the Unifty marketplace. + +\- We applied for a listing on CoinMarketCap yesterday. + +\- Upon reaching 500 holders, we burned 1 million tokens. Another token burn is surely imminent. + +\- We now have 940 awesome telegram group members. Up from just 740 yesterday. We are growing. + +We are shaping up to be the GameStop of the cryptosphere and I could not be more excited. + +Again, the earlier you are, the better. Donā€™t delay further, hop on today! + +How to buy Moon Stop: + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd) ([https://exchange.pancakeswap.finance/%22%20%5Cl%20%22/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd%22%20%5Ct%20%22\_blank](https://exchange.pancakeswap.finance/%22%20%5Cl%20%22/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd%22%20%5Ct%20%22_blank)) + +Contract Adress: 0x44c928e154d2f8bf41557ac2c93fb398263af0dd + +Poocoin Chart: [https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd) + +TELEGRAM: [https://t.me/moonstopcoin](https://t.me/moonstopcoin) ([https://t.me/moonstopcoin%22%20%5Ct%20%22\_blank](https://t.me/moonstopcoin%22%20%5Ct%20%22_blank)) 740 members + +WEBSITE: [https://www.moonstop.space/](https://www.moonstop.space/) ([https://www.moonstop.space/%22%20%5Ct%20%22\_blank](https://www.moonstop.space/%22%20%5Ct%20%22_blank)) STILL A WORK IN PROGRESS! + +\*\*300 Million Total Moon Stop Supply\*\* + +\+ 50 Million circulating supply pre-launch (16.6%) + +\+ 30 Million available at Presale (10%) + +\+ 70 Million available at Pancake Launch (23.3%) + +\+ 22 Million already burned + +\+ 30 Million Lottery Distribution REWARDS (10%) + +\+ 20 Million Dev Wallet (6.7%)+ 20 Million Marketing Reserve (6.7%)+ 80 Million Coin Burn Reserve (26.7%) +Given this is an investing forum with 1.2m members, I figure we should have a discussion on the drop today. I would like to hear from the community about their thoughts. Here are some questions to get started: + +1. Q3 GDP numbers are out tomorrow. Does this coincide with that? Is the drop related to the predicted GDP performance? +2. Some articles tie this to rising case numbers, but they have been rising for weeks now. What has changed today? +3. Bonds stayed put or slightly increased, while gold dropped a point and half. So are people selling and moving into bonds? +Who of you were here back in April & May of this year? ETH kept hitting new ATHs everyday & the enthusiasm in this sub was off the charts. Past few days have obviously felt very similar to that & the excitement in this sub has returned. + +The only thing that feels different about this time vs. back in April/May is...I get the feeling this ETH pump **is only the beginning**. Seems like ETH is currently/slowly hitting singles & doubles, but will soon be hitting triples & home runs. Remember that these pumps probably won't last forever & will again find ourselves in another slump for a while, so cherish these times & remember them for next time! Cheers! +Let me start by saying that I realize how much of a fuckup I am and I didnā€™t start acting like an adult until recently. + +In 2018 I had a 1099 job. I didnā€™t even realize it was a 1099 job because I was, and maybe still am, an immature loser who didnā€™t take responsibility for his finances. + +Long story short I didnā€™t file any taxes that year, and several other years. + +I finally managed to file all of my taxes this year, and they look like this. + +Tax year 2018: +$7349 owed on $36209 AGI, +$3086.57 penalties, +$1,187.57 interest, +**$11,623.14** total owed +Cashed out Roth this year. + +Tax year 2019 paid. +Had a payment plan and paid everything off eventually. + +Tax year 2020: +$2020.00 on $30889 AGI, +$435.00 penalties, +$39.84 interest, +-$1337.00 paid, +**$1,157.84** total owed + +Tax year 2021: +$2101.00 on $18092 AGI, +**$2101.00** total owed, I think +Filed by mail, not processed yet and havenā€™t paid yet. Made a little money selling stocks this year. + +Paid all state taxes. + +Adding that all up puts me on the hook for at least **$14882** + +I have $7700 in stocks and about $2000 in cash to my name. + +Current salary is $55,000. Just started this new job. + +Obviously I have bills to pay, living at home rent-free right now but wonā€™t be able to stay here much longer. I donā€™t have to point out that this will completely wipe me out and then some. Iā€™m pretty depressed about the fact that I owe so much in penalties and late fees. Wondering if filing taxes at all was a stupid move. + +No idea what to do here and not expecting much sympathy but do I have any other options? I donā€™t even think they will let me do payment plans given my history. What can I do? + +Edit: Credit score is 810. + +Edit 2: I know this is the type pitiful situation a lot of people here may scoff at, but I do really appreciate every individual act of kindness and words of encouragement. + +Edit 3: I will definitely contact the IRS and negotiate a payment plan. + +The 1099 job was an events manager at a friendā€™s startup and for I donā€™t plan on pursuing employee misclassification fraud for various reasons one being they are in the middle of a sale. + +I will be consulting with a tax expert regarding whether or not I filed my taxes correctly. + +I havenā€™t aired out my dirty laundry before and Iā€™m embarrassed hence the negative self-talk. I will address this. Thanks again to every single person for their kindness and compassion and support, it has helped a lot and am reframing my thinking. I will never forget this. And thanks to the mods. +Hey all! + +Considering buying my first house. Currently have about 6k saved, looking to buy somewhere in the 150-225k range, as I live in a medium-low cost of living are in the midwest. I'm concerned about rising interest rates in the near future and how much home prices in general have risen, so I am considering withdrawing from my 401k to make up the difference in what I would need for down payment/closing costs/other costs associated with buying. + +Current income is 100k pretax. Just under 25k in the 401k. + +Other debt is my vehicle payment at about 480/month and student loans which will be around another 500/mo once payments resume soon. Credit cards are paid off in full monthly, but I do have some black marks on my credit report from when I had a rough patch in 2016/17. + +Edit - just changed employers a couple months ago, and still haven't rolled over my old 401k to my new employer's plan. +So, Evergrande is a big story right now, and there's a bunch of speculation, both informed and not about it running rampant. As someone with a bit of experience with how Chinese businesses run, I figured I'd share that with the group. (my MBA is in International Business, with an emphasis on China, and I did a fair bit of it at Tsinghua University in Beijing, whether that means I know what I'm talking about is up to you to decide) + +This is flared "OPINION" because this is mostly background knowledge I already have mixed with research I've been doing into the Chinese market for the last few months, it's not at a level I'd be comfortable labeling "DD" + +TL;DR China's going to do some sort of Evergrande bailout, but because they have radically different incentives that western politicians it's going to look very very different, and hedgies r extra fuk. + +Ok, so first, let's talk about the $300B in debt Evergrande has by comparing it to Lehman Brothers, not really a fair comparison for a lot of reasons, but it's something on everyone's minds, so let's begin there. When Lehman collapsed in 2008, they had $619B in liabilities (debt) which is more than twice what Evergrande has. So that means this is way less of a big deal, right? Wrong. Lehman also had $639B in assets (money) which means even though they went bust, they were still slightly net positive at the time. + +Evergrande.. is NOT net positive. And they've got a lot more than just $300B in debt. $300B is just their outstanding bonds. Some of that debt is unknowable because it's hidden in China's shadow banking system and state banks, or it's owed "off the books" to employee's and their families. There's also a whole pile of debt owed to suppliers and subcontractors, which we also don't have numbers for right now. Finally, since you really, really, really can't trust official numbers about anything in China, the problem is likely worse that what they're telling us, and again, this is an unknowable unknown. + +But there's another component to that debt that we do have a number for, and that's 1.6 million apartments. See, real estate in China doesn't work remotely like real estate in the USA does. For one thing, state benefits are based off of where you officially live, so an address in a big city is valuable as a lot more than just a place to sleep. (this is also why there are huge tenement slums outside of all the big cities despite the building boom, without permission to move or an address, rural workers basically have to camp out and lack access to all state benefits, like health care) For a second thing, if you're buying property in China, there's not "zero down and a teaser APR", there's not even "20% down and a mortgage", it ranges between "50% down and full price in cash", no loan. That upfront money paid is going to be super important later, so keep it in the back of your head while I go through this next part. + +Now we need to talk about how Evergrande financed and ran it's massive expansion over the last couple of years. First, they would buy up land well above market price, finance it with debt offerings, then take deposits from potential buyers and start building apartments, and sell the remaining debt in bonds, sort of similar to how the USA did with MBS and related securities from "The Big Short". Well, the thing is, the numbers never actually added up completely, and the whole thing was always sustained by using revenue from pre-selling the next project to pay for the current one. Unfortunately this also didn't quite add up after the executives skimmed their cut, so it then turned into using revenue from the next project to pay for the debt on the project one or two buildings previous. This kept escalating every time things cycled through until it all fell apart like a bunch of Jenga blocks. + +If that process sounds familiar, it's because it's the same scam Bernie Madoff ran for years - a Ponzi scheme, where the new money pays for the "profits" of the earlier investors and it only works as long as exponentially more new money is coming in all the time. When that inflow stops, or even slows, you get the bad kind of boom. A few years ago the CCP got alarmed about the amount of leverage (debt) and speculation in the domestic housing market and tried to bleed it out slowly with the "one person one house" policy. Unfortunately for them, the problem was already so bad that even slowing down the inflow of new money was going to detonate things. And that's what's happening now to Evergrande, which will be the first of many to fall like this. + +Ok, so now you're caught up on what's happening and why, here's why things have escalated so quickly that executives are being taken hostage. Remember when I said to pay attention to where the upfront money for the new projects came from? Yeah, unlike in the US where people lost some rent, a place to live, and maybe some equity or a down payment, in China, it's people losing the entire purchase price of the building. And not big bankers, it's individuals losing their, and often their extended families' entire life savings. Because they spent it all for an apartment that hasn't been built yet with a company that's currently being liquidated. + +And that's the second debt that needs to be paid here, not just the money and bond parts, which is all the western media understands or cares about, but the apartments and better lives and opportunities that these people and their families dumped their generations of savings into. 1.6 million apartments. And that's just from Evergrande. It's been less than a week and they're already taking executive's hostage. Next up the chain is Party officials, and that's when the tanks come out and things start getting really bad. + +So, moving on, that's why Xi's response to this is going to be so different that what everyone here in the West is used to with financial crises. Because the main, or at least most reliable, motivation for basically all politicians is to gain and stay in power. In the West, that means keeping rich donors happy, which means screwing over the little guy, printing money, and preserving the wealth of the wealthy and the integrity of the international finance system and banks. In China, that means keeping society stable and prosperous enough not to have revolution in the streets. + +So any focus or potential bailout that the CCP initiates isn't going to focus on international institutions or banks or bondholders debt, it's going to focus on the apartments debt. The debt to the tens of millions of Chinese citizens who got taken by Evergrande, and possibly hundreds of millions who got wiped out on unbuilt buildings by the time this is all over. + +Another key thing to remember here is what happens to countries with debt to other countries experiencing a financial crisis that aren't the USA. A prime example is what Germany did to Greece after the 2008 crash. Things in Greece got so bad that unemployment was well north of 25% and people were starving to death. The people elected what were effectively communist, then fascist governments back to back in an effort to find a way out - that's how bad it got. + +Now think about the fact that China, through its "Belt and Road" initiative has been lending out money all over Asia, Africa, and Eastern Europe. All of those countries, who took on debt to China to get infrastructure work done by Chinese construction companies, and had been enjoying having that debt laid off in exchange for political influence.. they're about to get some very harsh lessons in which people the Chinese government values more than them. + +Finally, no, China can't "call on US debt" because they have to keep buying treasuries to keep their currency cheap, if they stop, or worse, start selling, then the Yuan quickly appreciates to the point that their exports aren't competitive anymore and their entire economy collapses. + +Also, save some prayers for Western Australia, their mining industry just got obliterated by the new lack of Chinese demand. +Tofu gets a bad rap because people hate vegans so much (full disclosure: am vegan), but at $2/lb you cant do a whole lot better in terms of [nutrition](https://www.bbcgoodfood.com/howto/guide/ingredient-focus-tofu) + +It has basically no flavor but will absorb the flavor of whatever you want. Theres thousands of recipies out there. Try one! Even if its just adding cubes to your vegetable soup. +I was talking to my cousin (u/milkMAN11718) this morning who is also a full blown APE (lacking the karma to post on SS) about Dr. Trimbath's tweets. He said, "It kinda puts Ryan Cohen's latest tweet into perspective. Ask not what your company can do for you(Security withdrawal from DTCC), Ask what you can do for your company (individual investor withdrawal from the DTCC, via DRS). + +How much more straightforward does this man need to be?!?!?!? He's literally telling us to DRS!! I'm fully DRSd at this point, anyone holding off for any reason, this should wash away your remaining doubt. LET'S SET THIS MOTHERFUCKER OFFF!!!!! + +OBLIGATORY BUY, HOLD, DRS!!!!! +Seriously I have seen an alarming amout of posts where people have come to this sub crying about their mistake/greed after falling for these scams. I am much younger than the average user of this subreddit and I know for a fact that I would never fall for such scams. + + +So these scams go something like this:- +It's usually a youtube live video of a conference where Elon Musk, Jack Dorsey or Vitalik Buterin with 12k to 20k live viewers which are bots with a flashing sign with a wallet QR code saying, if you send crypto to this address, we'll send double back. These conferences are so old that a simple Google image search if these conference would be enough to know for a fact that it is a scam. + + +Is it just that people are too greedy? I am only 16 and sometimes wonder that if adults are just money hungry dumb dumbs. Please people do not disappoint me. + + +Edit:- Thanks for the awards guys, your noti's have been lost in the sea of other notifications and I am not able to personally thank you. +Every slightly bullish price prediction post has some sort of negative disagreeing reply as itā€™s top level comment. + +ā€œOh your magic ball told you that?ā€ +ā€œThat log line wonā€™t hold because 20 years down the road itā€™ll set an unrealistically high priceā€ +ā€œYour TA needs more triangles!!!ā€ + +On top of this, every sentence in this subreddit needs to be toned down with ā€œthis is just my prediction and it could be wrong but...ā€ otherwise people will rip the person to shreds for trying to predict the price. Obviously no one knows what the price is gonna be 3-5 years out and obviously the price wonā€™t follow all TA predictions on the dot. Chill out + + +[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 + +[šŸ“š 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) | [šŸ“š 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) | [šŸ’” 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) |[šŸ“ˆ 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) | [šŸ—£ 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) | [šŸ¤” 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) | [šŸ’» 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) | [šŸ“° 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) | [šŸ¤” 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) | [šŸ‘½ 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) | [šŸ“³ 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) | [ā˜ 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 šŸ’ŽšŸ™Œ](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** + +[šŸ“£ 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) | [šŸ“† 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) | [šŸ† 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) | [šŸšØ 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) | [šŸ“– 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) | [šŸ”” 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) | [āŒš 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) | [šŸ„“ 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:"šŸ’» 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!* +Three months ago, I gladly pulled the trigger and REā€™d from a career in public service and environmental conservation at age 50. Not as early as some in this sub but much earlier than I anticipated thanks to the FI I created through spending less than I made/living without extravagence, paying myself first, a fortunate ā€œmake your own luckā€ situation, some dumb luck, and avoiding major financial mistakes (although I would make a few different financial choices if I could do things over - see below). + +**EDIT:** I should have mentioned that the pension's COLA provisions are very weak, currently around 1% and mine won't begin for another three years. So, the value of the pension will decrease over time due to the eroding effect of inflation. + +**Stats at retirement:** + +Personal: Age 50, SINK, white male, Colorado (USA) resident + +Career: My work has always been environmental conservation through science, policy, and land management, almost entirely in Colorado since college + +Highest annual salary at retirement: About $138K + +Annual pension benefit: About $104K + +Investments: Mix of traditional 401k/457, Roth 401k/457, Roth IRA, brokerage account, HSA. Total value is approximately $350k invested roughly in total stock market offerings (equities, no bonds). + +Assets: House in MCOL-HCOL area worth about $600K with about $172K owed on a recently refinanced 30 year loan at 2.75%. + +**Career path:** Started as a field biologist in college (bachelors in biology) and pursued it for the first couple of years post-college at a tiny non-profit. Decided to leave the hard sciences and move into the social sciences so I could better influence how wildlife habitat was managed. Went to grad school and got a masters in natural resources policy in order to make this career change. While I hadnā€™t envisioned a career in public service (was thinking Iā€™d work for an organization like The Nature Conservancy or perhaps an environmental consulting firm), I lucked into a dream job in state government as a program manager for an environmental issue I was really passionate about. After 6-7 years in this role, I took on some management responsibility for another, larger and related program. At year 10, I moved up into management full-time to oversee all the conservation programs in the department. At year 19, I left state government due to politics (mixed blessing). Within six months, I found a more attractive position in local government at a department head level, up from more of a division manager role at the state. While the work was rewarding and a ā€œDream Jobā€ on paper, the lack of anything approaching a positive work-life balance and ineffective/unsupportive management from elected officials quickly drove me to reconsider how long I wanted to stay in the position. After assessing my financial situation, I decided that RE was the best option for my health (physical and mental) and the right path to achieve a happier life. So, despite the infrequent question I get from some family and friends, ā€œYes, I am actually retired and donā€™t plan to look for paid employment in the future.ā€ However, I wonā€™t rule it out if something comes along that really lights my fire. My ā€œcareerā€ moving forward is focused on living life fully, growing as a person, and making up for the last 4.5 years when I worked but didnā€™t live. + +**Financial path:** Graduated from college (1992) with about $12K debt in low interest student loans and began to pay them back at the minimum for two years while working as a field biologist and just scraping by. Put loans in deferment when I went back to grad school (1994). Paid for grad school with student loans and working part-time. Graduated (1996) with a total of about $40K debt in low interest student loans. Quickly landed a job with state govā€™t starting at $42K and began aggressively paying the loans back at $1K/month while sharing housing and flipping a home with friends from grad school. Flipping wasnā€™t very profitable ($17K for 18 months of work - evenings, weekends, and holidays) and, in retrospect, not worth the time deferred from living life (good lesson!). + +Purchased my own house in 2000 ($234K) in a Denver neighborhood that has only become more desirable over time. Paid PMI until equity exceeded 20%. Started with a 30 year fixed mortgage at 7% but at some point reduced interest rate and term of loan because I was debt averse. Started investing in 401k in 2000 at age 30. After a few years, I was maxing out the 401k (no employer match) by not increasing my lifestyle with each raise but investing instead. Work didnā€™t offer a Roth 401k option and I neglected to start my own Roth IRA until sometime in my 40s. Early on, I built a very comfortable emergency fund and cash reserve that gave me peace of mind when unexpected expenses came up. In 2012, completed whole house renovation for $140K which I paid for with cash saved as well as rolling some debt into refinanced mortgage loan. + +After 19 years in state service and paying into the state pension (not into SS which means Iā€™ll be lucky to get anything from SS), I could see the writing on the wall with the current political appointee department head. Because you can only buy service credit (time served) in the pension system while you are still employed in that system, and rationally expecting that Iā€™d never be employed in the pension system again, I opted to purchase about 7 years of credit (the maximum allowed with my specific circumstances) by liquidating virtually the entire balance of my 401k (approximately $310K). While it was expensive, it turned out to be one of my best financial decisions because it greatly improved my pension value. Over-simplification: the way my pension is constructed, the value increased incrementally from years 0-20 but after year 20, the value of the pension grew more exponentially. Considering that I was almost 46 at the time that I left state service and the pension system, now had acquired about 27 years of service, and could begin drawing a benefit at age 50 (a benefit that would **not** improve the longer I delayed activating it at age 50), I created a big nest-egg that I would be able to benefit from in only four years time. + +In a stroke of incredible good luck, within six months I was hired by a local government that had joined the same pension system (a rarity) and at a 16% pay increase. So, I was not only taking on a role with greater decision-making authority and influence, greater opportunity to grow as a leader, etc., but I was earning a larger paycheck within the same pension system which was improving my pension metrics by adding service credit and increasing my highest average salary. However, after a couple of years, I could see a lot of signs that the working conditions werenā€™t healthy for me. At 4.5 years, I retired from this job and my career in public service. + +**Financial optimization:** If I could do it all over again with the benefit of hind-sight and a more refined understanding of financial management, here are some financial moves Iā€™d make differently in my life: + +1. Donā€™t pay off the low interest student loans at more than the minimum agreed amount. Instead, open retirement accounts and start funding at age 26 with approximately $900/month. +2. Open a Roth IRA immediately and fund first to create more balanced pre/post tax accounts for retirement. +3. Rather than flipping a house to earn extra income, find other ways to earn extra income that donā€™t require investment of as much life energy and will build your professional skill set. +4. Understand all my investment options at my employer. In my situation, I had both 401k and 457 options that could be utilized simultaneously. Understand the nuances of each (including the generous catch-up provisions of the 457) to maximize investments. I would have invested more and more wisely if Iā€™d taken the time to really understand these options. +5. Donā€™t sit on such a large cash reserve - put it in the market. +6. Donā€™t chase lower interest rates by refinancing into shorter-term (10-15 year) fixed mortgage rates, at least at todayā€™s rates. Donā€™t pay more than agreed; instead invest in the market. + +Granted, I donā€™t think I made any serious financial errors but I think these changes would have improved my current and future financial position more than marginally. + +**Long-term financial outlook:** My pension is currently paying me more than I need to live comfortably and enjoy life. However, over time, inflation will severely erode its purchasing power since I aim to live another 40-50 years. Consequently, I will need robust market investments that grow to yield distributions that offset the future effects of inflation. Because the pension delivers a predictable paycheck and underlying base of monthly financial security, my market investments are currently aggressively allocated. + +While the long-term security of any public pension is not certain, I generally feel that Colorado has done an OK job of shoring up the pension system and preserving its ability to meet obligations. However, one of the changes recently made reduced the annual inflation adjustment. Consequently, under present rules, present value will not be maintained against inflation. This reinforces the need for investments that supplement pension payouts over time. Pensions may once have been designed to provide entirely for a retireeā€™s needs (and I certainly am benefiting from older, more generous terms than people currently joining the system as new employees). However, this is not practical to expect, particularly as someone retiring at age 50. + +As an American, it goes without saying that the uncertain cost of annual health insurance coverage remains the largest variable for me for the next 15 years. Sighā€¦ However, Iā€™ve generally been blessed with good health and have made my health a top priority now that Iā€™m free from the stress of my last job. Fingers crossed. Note: Unlike many here who can manage their reported income from 401k, brokerage accounts, etc., to take advantage of ACA subsidies, I canā€™t do that with my pension. It pays a fixed amount that ensures my annual income will far exceed ACA thresholds and Iā€™ll be unable to take advantage of free or low-cost healthcare. Iā€™m not complaining - Iā€™m fortunate to have the income I have. But my monthly healthcare premiums went from a net of \~$10/month for a high deductible, HSA-compatible plan through my last employer to $382/month for a plan through the marketplace. + +Lastly, I have a great house in a great neighborhood so I will have a meaningful asset to utilize in the future as I age and my situation changes. + +**Philosophical:** A persistent theme that runs throughout many posts in the FIRE community is a resignation to a short-ish life of misery working oneā€™s ass off at an intolerable job in order to amass as large a portfolio in as short a period of time in order to achieve FI and/or RE. Many OPs bemoan the grind and the sense of worthlessness in what they do for a living. At least, thatā€™s how a lot of it comes across to me. + +My experience has been a distinct contrast to this paradigm/attitude. Iā€™ve been able to pursue my environmental conservation values through my career for about 30 years. And, Iā€™ve been able to FIRE at a reasonable age (sure, itā€™s not 35 or 40). At the risk of offending some redditors, I assert that you donā€™t have to take a job or pursue a career in which you find little/no meaning, be a slave to earning as large an income as possible, or sacrifice your life in the short term in order to FIRE. Itā€™s possible to pursue your passions, make a difference in the world, and find meaning and value in your day job. Iā€™m proud of my work trying to make the world a better place and was able to FIRE at 50. If not for the poor management and lack of real support from my elected officials at my last job, Iā€™d still be there for another 5 years or so before retiring. It wouldnā€™t have been financially necessary but it certainly would have sweetened my financial situation. However, Iā€™m grateful that my life path and choices (and some luck) led to being FI by 50 (or earlier if needed) so I could leave what was becoming an increasingly toxic work situation. And, it was certainly nice to know I had my FU money when things started to get really frustrating at work. + +**Appreciation and giving back:** Iā€™ve been a lurker on r/financialindendence and related FIRE subreddits. On occasion, Iā€™ve posted a couple of questions in the last couple of years to help refine my understanding of the mathematics of my situation. More importantly, itā€™s really helped me prepare mentally for a successful retirement by reading the non-mathmatical/mechanical FIRE posts - the ones about how to answer questions from friends/family, develop a healthy structure once the work day structure disappears, etc. I want to express my appreciation to those whoā€™ve provided helpful information and advice both to posts and on DMs. Iā€™m looking forward to providing what support I can in return and am also working in my own community of friends to support and advise friends who are interested in FIRE or just good personal finance. I also encourage some of the young people in my life to learn the basics (like the power of compounding interest) so they understand what they have to get right (the big rocks) in order to do well. In the future, Iā€™m interested in volunteering through a structured program to provide financial counseling and Iā€™d be interested in hearing from anyone whoā€™s doing this in their community. + +**WayTLDR:** Fireā€™d at 50 from a career in public service at local and state government levels. Although I didnā€™t anticipate RE at age 50, attaining FI allowed me to leave my last position which was growing intolerable due to no work-life balance and poor management from elected officials. Now focused on me: regaining my health and fitness, decompressing, reconnecting with friends and family, pursuing my own life. The best I can describe my current situation is that it feels natural! + +Iā€™m happy to answer questions and have been looking forward to hearing GFY aimed squarely at me! +Three months ago, I gladly pulled the trigger and REā€™d from a career in public service and environmental conservation at age 50. Not as early as some in this sub but much earlier than I anticipated thanks to the FI I created through spending less than I made/living without extravagence, paying myself first, a fortunate ā€œmake your own luckā€ situation, some dumb luck, and avoiding major financial mistakes (although I would make a few different financial choices if I could do things over - see below). + +**EDIT:** I should have mentioned that the pension's COLA provisions are very weak, currently around 1% and mine won't begin for another three years. So, the value of the pension will decrease over time due to the eroding effect of inflation. + +**Stats at retirement:** + +Personal: Age 50, SINK, white male, Colorado (USA) resident + +Career: My work has always been environmental conservation through science, policy, and land management, almost entirely in Colorado since college + +Highest annual salary at retirement: About $138K + +Annual pension benefit: About $104K + +Investments: Mix of traditional 401k/457, Roth 401k/457, Roth IRA, brokerage account, HSA. Total value is approximately $350k invested roughly in total stock market offerings (equities, no bonds). + +Assets: House in MCOL-HCOL area worth about $600K with about $172K owed on a recently refinanced 30 year loan at 2.75%. + +**Career path:** Started as a field biologist in college (bachelors in biology) and pursued it for the first couple of years post-college at a tiny non-profit. Decided to leave the hard sciences and move into the social sciences so I could better influence how wildlife habitat was managed. Went to grad school and got a masters in natural resources policy in order to make this career change. While I hadnā€™t envisioned a career in public service (was thinking Iā€™d work for an organization like The Nature Conservancy or perhaps an environmental consulting firm), I lucked into a dream job in state government as a program manager for an environmental issue I was really passionate about. After 6-7 years in this role, I took on some management responsibility for another, larger and related program. At year 10, I moved up into management full-time to oversee all the conservation programs in the department. At year 19, I left state government due to politics (mixed blessing). Within six months, I found a more attractive position in local government at a department head level, up from more of a division manager role at the state. While the work was rewarding and a ā€œDream Jobā€ on paper, the lack of anything approaching a positive work-life balance and ineffective/unsupportive management from elected officials quickly drove me to reconsider how long I wanted to stay in the position. After assessing my financial situation, I decided that RE was the best option for my health (physical and mental) and the right path to achieve a happier life. So, despite the infrequent question I get from some family and friends, ā€œYes, I am actually retired and donā€™t plan to look for paid employment in the future.ā€ However, I wonā€™t rule it out if something comes along that really lights my fire. My ā€œcareerā€ moving forward is focused on living life fully, growing as a person, and making up for the last 4.5 years when I worked but didnā€™t live. + +**Financial path:** Graduated from college (1992) with about $12K debt in low interest student loans and began to pay them back at the minimum for two years while working as a field biologist and just scraping by. Put loans in deferment when I went back to grad school (1994). Paid for grad school with student loans and working part-time. Graduated (1996) with a total of about $40K debt in low interest student loans. Quickly landed a job with state govā€™t starting at $42K and began aggressively paying the loans back at $1K/month while sharing housing and flipping a home with friends from grad school. Flipping wasnā€™t very profitable ($17K for 18 months of work - evenings, weekends, and holidays) and, in retrospect, not worth the time deferred from living life (good lesson!). + +Purchased my own house in 2000 ($234K) in a Denver neighborhood that has only become more desirable over time. Paid PMI until equity exceeded 20%. Started with a 30 year fixed mortgage at 7% but at some point reduced interest rate and term of loan because I was debt averse. Started investing in 401k in 2000 at age 30. After a few years, I was maxing out the 401k (no employer match) by not increasing my lifestyle with each raise but investing instead. Work didnā€™t offer a Roth 401k option and I neglected to start my own Roth IRA until sometime in my 40s. Early on, I built a very comfortable emergency fund and cash reserve that gave me peace of mind when unexpected expenses came up. In 2012, completed whole house renovation for $140K which I paid for with cash saved as well as rolling some debt into refinanced mortgage loan. + +After 19 years in state service and paying into the state pension (not into SS which means Iā€™ll be lucky to get anything from SS), I could see the writing on the wall with the current political appointee department head. Because you can only buy service credit (time served) in the pension system while you are still employed in that system, and rationally expecting that Iā€™d never be employed in the pension system again, I opted to purchase about 7 years of credit (the maximum allowed with my specific circumstances) by liquidating virtually the entire balance of my 401k (approximately $310K). While it was expensive, it turned out to be one of my best financial decisions because it greatly improved my pension value. Over-simplification: the way my pension is constructed, the value increased incrementally from years 0-20 but after year 20, the value of the pension grew more exponentially. Considering that I was almost 46 at the time that I left state service and the pension system, now had acquired about 27 years of service, and could begin drawing a benefit at age 50 (a benefit that would **not** improve the longer I delayed activating it at age 50), I created a big nest-egg that I would be able to benefit from in only four years time. + +In a stroke of incredible good luck, within six months I was hired by a local government that had joined the same pension system (a rarity) and at a 16% pay increase. So, I was not only taking on a role with greater decision-making authority and influence, greater opportunity to grow as a leader, etc., but I was earning a larger paycheck within the same pension system which was improving my pension metrics by adding service credit and increasing my highest average salary. However, after a couple of years, I could see a lot of signs that the working conditions werenā€™t healthy for me. At 4.5 years, I retired from this job and my career in public service. + +**Financial optimization:** If I could do it all over again with the benefit of hind-sight and a more refined understanding of financial management, here are some financial moves Iā€™d make differently in my life: + +1. Donā€™t pay off the low interest student loans at more than the minimum agreed amount. Instead, open retirement accounts and start funding at age 26 with approximately $900/month. +2. Open a Roth IRA immediately and fund first to create more balanced pre/post tax accounts for retirement. +3. Rather than flipping a house to earn extra income, find other ways to earn extra income that donā€™t require investment of as much life energy and will build your professional skill set. +4. Understand all my investment options at my employer. In my situation, I had both 401k and 457 options that could be utilized simultaneously. Understand the nuances of each (including the generous catch-up provisions of the 457) to maximize investments. I would have invested more and more wisely if Iā€™d taken the time to really understand these options. +5. Donā€™t sit on such a large cash reserve - put it in the market. +6. Donā€™t chase lower interest rates by refinancing into shorter-term (10-15 year) fixed mortgage rates, at least at todayā€™s rates. Donā€™t pay more than agreed; instead invest in the market. + +Granted, I donā€™t think I made any serious financial errors but I think these changes would have improved my current and future financial position more than marginally. + +**Long-term financial outlook:** My pension is currently paying me more than I need to live comfortably and enjoy life. However, over time, inflation will severely erode its purchasing power since I aim to live another 40-50 years. Consequently, I will need robust market investments that grow to yield distributions that offset the future effects of inflation. Because the pension delivers a predictable paycheck and underlying base of monthly financial security, my market investments are currently aggressively allocated. + +While the long-term security of any public pension is not certain, I generally feel that Colorado has done an OK job of shoring up the pension system and preserving its ability to meet obligations. However, one of the changes recently made reduced the annual inflation adjustment. Consequently, under present rules, present value will not be maintained against inflation. This reinforces the need for investments that supplement pension payouts over time. Pensions may once have been designed to provide entirely for a retireeā€™s needs (and I certainly am benefiting from older, more generous terms than people currently joining the system as new employees). However, this is not practical to expect, particularly as someone retiring at age 50. + +As an American, it goes without saying that the uncertain cost of annual health insurance coverage remains the largest variable for me for the next 15 years. Sighā€¦ However, Iā€™ve generally been blessed with good health and have made my health a top priority now that Iā€™m free from the stress of my last job. Fingers crossed. Note: Unlike many here who can manage their reported income from 401k, brokerage accounts, etc., to take advantage of ACA subsidies, I canā€™t do that with my pension. It pays a fixed amount that ensures my annual income will far exceed ACA thresholds and Iā€™ll be unable to take advantage of free or low-cost healthcare. Iā€™m not complaining - Iā€™m fortunate to have the income I have. But my monthly healthcare premiums went from a net of \~$10/month for a high deductible, HSA-compatible plan through my last employer to $382/month for a plan through the marketplace. + +Lastly, I have a great house in a great neighborhood so I will have a meaningful asset to utilize in the future as I age and my situation changes. + +**Philosophical:** A persistent theme that runs throughout many posts in the FIRE community is a resignation to a short-ish life of misery working oneā€™s ass off at an intolerable job in order to amass as large a portfolio in as short a period of time in order to achieve FI and/or RE. Many OPs bemoan the grind and the sense of worthlessness in what they do for a living. At least, thatā€™s how a lot of it comes across to me. + +My experience has been a distinct contrast to this paradigm/attitude. Iā€™ve been able to pursue my environmental conservation values through my career for about 30 years. And, Iā€™ve been able to FIRE at a reasonable age (sure, itā€™s not 35 or 40). At the risk of offending some redditors, I assert that you donā€™t have to take a job or pursue a career in which you find little/no meaning, be a slave to earning as large an income as possible, or sacrifice your life in the short term in order to FIRE. Itā€™s possible to pursue your passions, make a difference in the world, and find meaning and value in your day job. Iā€™m proud of my work trying to make the world a better place and was able to FIRE at 50. If not for the poor management and lack of real support from my elected officials at my last job, Iā€™d still be there for another 5 years or so before retiring. It wouldnļæ½ļæ½ļæ½t have been financially necessary but it certainly would have sweetened my financial situation. However, Iā€™m grateful that my life path and choices (and some luck) led to being FI by 50 (or earlier if needed) so I could leave what was becoming an increasingly toxic work situation. And, it was certainly nice to know I had my FU money when things started to get really frustrating at work. + +**Appreciation and giving back:** Iā€™ve been a lurker on r/financialindendence and related FIRE subreddits. On occasion, Iā€™ve posted a couple of questions in the last couple of years to help refine my understanding of the mathematics of my situation. More importantly, itā€™s really helped me prepare mentally for a successful retirement by reading the non-mathmatical/mechanical FIRE posts - the ones about how to answer questions from friends/family, develop a healthy structure once the work day structure disappears, etc. I want to express my appreciation to those whoā€™ve provided helpful information and advice both to posts and on DMs. Iā€™m looking forward to providing what support I can in return and am also working in my own community of friends to support and advise friends who are interested in FIRE or just good personal finance. I also encourage some of the young people in my life to learn the basics (like the power of compounding interest) so they understand what they have to get right (the big rocks) in order to do well. In the future, Iā€™m interested in volunteering through a structured program to provide financial counseling and Iā€™d be interested in hearing from anyone whoā€™s doing this in their community. + +**WayTLDR:** Fireā€™d at 50 from a career in public service at local and state government levels. Although I didnā€™t anticipate RE at age 50, attaining FI allowed me to leave my last position which was growing intolerable due to no work-life balance and poor management from elected officials. Now focused on me: regaining my health and fitness, decompressing, reconnecting with friends and family, pursuing my own life. The best I can describe my current situation is that it feels natural! + +Iā€™m happy to answer questions and have been looking forward to hearing GFY aimed squarely at me! +Hello, + +I need a new bank account because my local banks suck. + +I love Revolut but I need an account at a real bank. + +n26 seems good but doesn't offer USD account as far as I know. + +&#x200B; + +Here are my requirements: + +* must have a banking license +* must accept Romanians +* must offer both EUR and USD accounts (for transfers to and from the accounts) +* good exchange rates like on revolut, would be a big bonus. + +What can you recommend? +Hello! I live in the basement of my boyfriends fathers house with my boyfriend and our 9 month old son. It is a kitchen, a small bedroom the three of us share, and a bathroom. My boyfriend works the night shift at a fast food chain and i work days at a daycare. With rent and payments for the car it is very hard to save. Aside from the fact that it is a very small space for a crawling baby to develop, we recently have had a problem with rats. We hear them in the walls and my boyfriend saw one when he opened the garbage can in the kitchen. I stupidly started googling and saw all these horror stories involving babies and rat bites. I guess iā€™m wondering if anyone knows any good resources I could use to look for alternate hosting. We recently went on a bunch of waiting lists for affordable housing but it can be over a 2 year wait. Even without the rats, I am worried about my baby living here for that long. In the winter it gets freezing in the kitchen so we are all confined to the bedroom. Our bed takes up most of the space and our son just has a mat to crawl on. I am aware that i should never have had a baby, and iā€™ve been told this approximately one million times, but at this point he already exists. We currently have WIC benefits we get free diapers/wipes/baby clothes from a local charity and thatā€™s about it. Oh we also live in New Jersey. Thanks ā¤ļø +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +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/2sQBNuM) +Obligatory first time poster disclosure/apologies for formatting, but I'm here to share with you all some DD on a stock I think has huge upside potential that I have been following for the past 8 months. + +**Company:** Regis Resources Limited + +**Ticker:** RRL + +**Market Cap:** $1.493B + +**Who are they and what do they do?** + +RRL is an Australian based gold miner with projects operating in NSW and WA. RRL is a high-margin gold producer praised for it's very strong balance sheet. + +# Facts + +\- Fed money printing has been out of control resulting in this fantastic bull run in US markets. + +\- Powell stated this week that we're not going to see liftoff until the end of 2022 (but likely 2023), and as a result gold took a big shit. + +\- Gold miners have been crushed the past 12 months as traders are overly pessimistic about golds future price. + +# RRL as a play + +At the time of this post, gold is trading at about $1,750USD/oz, three years ago it was trading at less than $1,300USD/oz. Currently RRL shares are trading for **$1.98**, when three years ago it traded for almost **$5.00** per share. + +[RRL Price Chart](https://preview.redd.it/db4q0kemcrp71.png?width=2394&format=png&auto=webp&s=e6269b78d6e10c892be271407a2c650efcca0393) + +If golds price fell back down to $1,300/oz today, RRL would still be more than 50% undervalued. But it's not the same company today that it was in 2018. + +[RRL Balance Sheet](https://preview.redd.it/issu24zo3rp71.png?width=2144&format=png&auto=webp&s=a3f88fc103c1fdb4e7f2340fafab4a10a629695f) + +Over the past three years RRL has expanded its balance sheet massively. The expansion of their NSW and Duketown projects, and more importantly their acquisition of 30% in the Tropicana gold project have increased their claim to un-mined minerals **by $1.5 billion dollars,** when their total liabilities have increased by only **$550 million**. Again, this is a company trading at less than *half* of what it did in 2018. + +Further, their AISC (cost of production) has been steadily decreasing over the past 18 months, and as they continue to expand their economies of scale will bring this figure lower and lower. Currently, it costs RRL $1,006USD to mine one ounce of gold, which it can sell on the market for $1,750USD. + +*But hwb99 look at their profits! They made less money in 2021 than in 2020 despite this expansion!* + +True, though during their FY21 conference this has been attributed in large part to preparation of the Garden Well project which has been recently approved by the board. Land preparation, mine establishment, surveying, all costs that reap no gold but eat up profits. + +# But the price has been dropping for a year? + +The thing with investing is you don't pay what a company is worth today, you pay what it's worth tomorrow. The explosion of the Federal reserve balance sheet has driven up US markets to all time highs. Normally this warrants inflation risk where gold can step in as a store of value, but these fears continue to be dismissed by institutional investors and Powell, who said on Thursday we're probably not going to have liftoff (if you can call 0.25% liftoff) until 2023. Investors accept this and continue to lower their gold price forecasts and shift their investments into high growth speculative assets. **This is why miners like RRL have been selling off -** ***anticipation*** **of a large drop in golds price as inflation is dismissed.** + +Now there are two outcomes: + +**Rates rise faster** + +If inflation proves to be more than just transitory the Fed will be forced to react by raising rates. Interest rates increasing sooner than expected will act as a huge negative shock to global financial markets. Equities will suffer large corrections, and investors will race to a store of value, which will *include* gold. + +**The taper never comes** + +If Powell decides by the end of the year that employment isn't high enough, those money printers will continue to run full blast into 2022. This is where the Fed will certainly lose its grip on prices and inflation will really start to pick up. Once again, gold will be seen as an option to hedge against inflation. + +# Summary + +The thing with both of these outcomes is that they *are* plausible realities. In both cases, gold forecasts *will* increase. If price forecasts for gold increase, RRLs huge mineral reserves will increase massively, *but the cost to mine it will stay the same.* + +If gold forecasts were the same as they were in 2018 today, then Regis' balance sheet today would value it approximately twice as much as it was worth then. **This puts the share price up toward $10.00.** I believe that the attitude shift toward gold will happen in either December or June. This is the projected start and end of the Feds proposed 'taper'. + +This is where the gold is. + +# Positions + +$2.90 16/06/22 call x 15 + +$2.70 16/06/22 call x 20 + +$2.20 16/06/22 call x 25 + +$2.00 15/09/22 call x 25 +According to SQM. Outer suburban and regional rental vacancy rates, generally 2-4% last year, are falling hard right now. Inner Sydney regions are rising sharply. + +https://sqmresearch.com.au/graph_vacancy.php?sfx=&region=nsw%3A%3ACentral+Coast&t=1 + +Outer suburban South Western Sydney, Sutherland Shire and Northern Beaches(?!) are at or below 1%. Hills district and Western Sydney less affected. + +Coastal satellite cities like Blue Mountains, Wollongong, Central Coast and Hunter all less than 1%. North Coast and South Coast at 1-1.2%. + +Not just coastal but country as well, Broken Hill-Dubbo and Central Tablelands both near or below 1%, down from 2.4% last year. Riverina and Murray regions at 0.8%. + +At the same time Eastern Suburbs, Inner West and Lower North Shore all now above 4%. Sydney CBD at 12%! +Iā€™m trying to learn here so I need help understanding something. Now, I know people who have retired early off of just 4 properties but Iā€™ve watched many videos of people claiming theyā€™ve done 10+ and are multimillionaires. My question is where did they get the capital/loans from? Buy first house, invest in repairs, rent it out, get some cash flow and youā€™re probably looking close to 10% on your money right? Cool. Now your second home is 80% loaned (if you can get away with ā€œintendingā€ to live there). So maybe you get a HELOC or raise the money but either way itā€™s a loaned house. Fine. But how would you do 3, 4, 5 houses? What bank would be ok with using all of these already loaned houses as collateral and double/triple risking themselves? Youā€™d be $3,000,000 in debt. The math doesnā€™t add up to me. Perhaps someone could enlighten me. +Edit 1: Not forgetting the Etoro IPO is due immanently. From what I understand fidelity are one of the backers. Moar fuk 4 u rbnhd. + +&#x200B; + +Robinhood are so fuk. Under Sec investigation, Multiple law suits, angry GME holder exodus, and stopping trading again for doge. How do you think that IPO is going to go? + +Theres a good chance its not. + +What does this mean for their main customer Citadel? I cant imagine anything thats handy. + +Hedgey r fuk. + +Doge + +[https://www.independent.co.uk/life-style/gadgets-and-tech/robinhood-down-dogecoin-elon-musk-b1844408.html](https://www.independent.co.uk/life-style/gadgets-and-tech/robinhood-down-dogecoin-elon-musk-b1844408.html) + +Further Doge + +[https://www.businessinsider.com/robinhood-experiencing-cryptocurrency-trading-issues-dogecoin-rally-2021-4?r=US&IR=T](https://www.businessinsider.com/robinhood-experiencing-cryptocurrency-trading-issues-dogecoin-rally-2021-4?r=US&IR=T) + +Daily mail dross but kind of interesting. + +[https://www.dailymail.co.uk/news/article-9521693/Robinhood-faces-dozens-lawsuits-customer-service-issues.html](https://www.dailymail.co.uk/news/article-9521693/Robinhood-faces-dozens-lawsuits-customer-service-issues.html) + +Vice on PFOF + +[https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product](https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product) + +GME halt + +[https://www.forbes.com/advisor/investing/robinhood-gamestop-trading/](https://www.forbes.com/advisor/investing/robinhood-gamestop-trading/) + +Sec Hearing name checking Robinhood and Citadel + +[https://www.bloomberg.com/news/articles/2021-05-05/gensler-signals-new-rules-that-could-threaten-robinhood-citadel](https://www.bloomberg.com/news/articles/2021-05-05/gensler-signals-new-rules-that-could-threaten-robinhood-citadel) + +&#x200B; + +Obvs not advice of any kind, I'm simple. + +&#x200B; + +[Chaos](https://preview.redd.it/a7h31jj2d3y61.png?width=938&format=png&auto=webp&s=a09ee0fbe013173c1cc8e008f5cf8f2e428558b0) +A used going by the name QuantumMechanic made a post in 2011 called "Proof of stake instead of proof of work" where he introduced the world to a new concept he called PoS. Everything else is history, except he never got the credits for it. I will link hist post and paste it down below so you can read it. + +Post: https://bitcointalk.org/index.php?topic=27787.0 + +What he wrote: + +>I've got an idea, and I'm wondering if it's been discussed/ripped apart here yet: + +>I'm wondering if as bitcoins become more widely distributed, whether a transition from a proof of work based system to a proof of stake one might happen. What I mean by proof of stake is that instead of your "vote" on the accepted transaction history being weighted by the share of computing resources you bring to the network, it's weighted by the number of bitcoins you can prove you own, using your private keys. + +>For those that don't want to be actively verifying transactions, and so that not all private keys need to be facing the network, votes could be delegated to other addresses via some kind of nonstandard Bitcoin transaction. In this way, voting power would accumulate with trusted delegates instead of miners. New bitcoins and transaction fees could be randomly and periodically distributed to delgates, weighted by the number of votes they've accumulated, thereby incentivising diversity of the delegates and direct voters. + +>If the implementation could be done, it proved to maintain at least a similar level of privacy and trustworthiness, and it only minimally complicated the UX, I'm thinking that a proof of stake based fork could out-compete a proof of work one due to much lower transaction fees, since its network wouldn't need to support the cost of the miners' computing resources. (Note that the vote delegation scheme has bandwith/storage overhead that would offset these savings by some amount which would hopefully be relatively small.) + +>Some other potential improvements this system could offer: +Possibly quicker, more definite confirmation of transactions, depending on how it can be implemented. +The "voting power" may be more trustworty, since it would accumulate in a bottom-up fashion via a network of trust, instead of in the somewhat arbitrary way it accumulates now. (Note the potential problem of vote-buying here.) +It would remove the physical point of failure of bitcoin mining equipment, which can be confiscated or made illegal to run. +It could be used to provide stakeholders a means of making their voices heard (via the delegated voting system it establishes) when it comes to proposals for software updates and protocol changes. + +>Anyway, I just wanted to throw the idea out here to see if there are any obvious reasons why it couldn't be implemented, and to hopefully spark a discussion amongst those better qualified than me. + +>Cheers. + +It just amazes me that the concept of a technology that powers some of the best blockchains imo was invented by a random user of a bitcoin forum. Well, I guess that was the time before maxis were a thing +I bought a toothbrush off Amazon for 75 pounds and it came faulty. I had an option to have a new one shipped out the next day and then send the broken one back. New one came, works great, posted the broken one back the same day via Amazon locker. + +About a month after sending the broken one back Amazon sent me an email saying I still needed to return the broken one or I'd be debited 65 pounds for it. I got in touch immediately and they said this was just because their records hadn't been updated and not to worry. + +A few weeks later they then tried to debit my account, but failed for some reason, the price of the toothbrush. I got in touch immediately again and customer service again told me this was a mistake and they'd cancelled the attempted debit charge. + +Fast forward two weeks later and they managed to successfully debit the money. I rang Amazon and again they were very apologetic and said this was their mistake and they'd arrange a refund within 7 days. They even sent me an email confirming this. + +Fast forward 7 days and I had no refund so I rang again and again they apologised and said they'd refund me and sent a new email. You can guess what happened next. + +They keep promising a refund but not giving me one even though they accept this is their fault. I tried to contact the bank (chase) but they were so unhelpful bordering on rude and said because Amazon were offering to refund it they were simply not interested in helping even though I'd had an unauthorised debit on my account. + +What can I do here ? Amazon keep saying they'll refund the money but never do. The bank keep saying it's not their problem whilst Amazon says they'll refund it. I'm stuck in a loop + +Today I'm taking pause, have stepped out to my porch to sit and sip some champagne, listen to some tunes and watch the troubled sky covered in grey and dusks yearn. + +And collect the gratitude and satisfaction of having stumbled across this community, ethereum, and even the extra funds at just the right time that allowed me to lock in some hodls. + +And, today I'm celebrating the beginning of a new journey, the beginning of https://ethadvisor.com and taking this project on full time, seeing where it leads and just doing what I can to help build up this brilliant group of investors and developers. + +I hope you're able to take a moment to really appreciate where you are as well and how far the ethereum community has come and how rife with opportunity we are. + +āœŒļø +You might have already seen the flyer of his rates, I'm going to mention again if someone have not seen it yet. + + +This is what he charges for his videos: + +Dedicated Review: $35,000 + +Livestream Mention: $20,000 + +YouTube Interview: $40,000 + + +Telegram AMA: $10,000 + +Website Article: $2,500. + + +I have no idea how this person has over 1 Million subscribers while he has been scamming the community for years. Please If you are new in Crypto market please stay away from YouTubers they are not your friends. + + +**1: MYX** + +He made a video on $MYX and the token is currently down 90% from its ATH. He has deleted the video which he made on MYX. +[https://coinmarketcap.com/currencies/myx-network/](https://coinmarketcap.com/currencies/myx-network/) + +2: **DistX** + + +He also made a video on DistX with the title "My most low cap Gem in Crypto" He later on change the title to "New crypto coin with 1000x Potential" This Token is currently down 99% from its ATH. The charts shows it's just a pump and dump Token. + + +[https://coinmarketcap.com/currencies/distx/](https://coinmarketcap.com/currencies/distx/) + +[He changed the title.](https://preview.redd.it/v4xx6bbrqga81.jpg?width=975&format=pjpg&auto=webp&s=b75c50d878c977d949c6ca86a890e758cf58de04) + +**3: Zao Finance** + + +He made a tweet on this token in 2020. This token got exit scammed. + + +**4: ETHY** + + +This token got rug pulled. + + +&#x200B; + +[This video is also deleted.](https://preview.redd.it/hxvvpdxirga81.jpg?width=1277&format=pjpg&auto=webp&s=ed04cbcdc5f95a235c4421b53094dda1a41d0988) + +**5: LOCK Meridian Network** + + +Currently down 98% from its ATH. The video on it also deleted by Bitboy. + + +**6,7: CPH and PAMP** + + +CPH coin got delayed for years and video is also deleted. + + +PAMP video is currently unlisted. Down -100% from ATH. +ATH: $2.3 +Current Price: $0.0012 + + +**For detail thread:** [**https://nitter.net/zachxbt/status/1478082010807742468#m**](https://nitter.net/zachxbt/status/1478082010807742468#m) + + +**All Credit goes to Zachxbt (Twitter)** +My parents have been together 40 years and are still together...for now. + +Dad has mental health issues (has since I was a child) and has been increasing losing the plot over the last few years. In January he decided that he was going to move to QLD for a while to get away from everything. 'get help' etc. He took $2000 in cash and one of the cars and gave my mum the card to their joint account and changed the online passwords so only she has access to them. Since then has asked for more money because lo and behold getting a job wasn't as easy as he was expecting. (and I think to hide his other spending but we'll get to that). + +His mental health declined and as we know it he is currently being taken care of by a mental health organisation. I don't know the details with that. He seems to be very forth coming about everything yet my mum hasn't actually talked to anyone else other than my dad and has been taking his word for it. (A red flag I know). + +My mums generally a smart woman but she's also way too trusting for her own good (And my dad knows exactly how to manipulate her). He's been the one to control the money for most of their marriage. Since he's been in QLD and she's had access to their main joint account she has been organising and understanding exactly what money is going where. But the only thing she knew about their mortgage was that it get deducted from their supers. Like a set and forget thing. However she started looking into it because she didn't know where the house and contents insurance was coming from as all other direct deposits were coming from the joint account. The insurers told her it whas coming out of an AMP account. Last night she found the last AMP statement between August and December... + +What it looks likes theres $2000 coming into the offset every month (I'm assuming thats from super), then \~$1200 gets taken out for mortgage and insurance. There SHOULD be \~$800 left in there every month to build up but what he's been doing is spending that and then taking more out of the mortgage when as he needs it. This would be spent at the pub/pokies. (He would spend hours upon hours at the pub several nights a week it was a massive tension in their relationship) He would also take money out of their joint account but only $100 here or there- I'm assuming to trick mum into thinking he's only taking that much. Over the 5 months from Aug to Dec it totalled just under $12,000. This is purely money taken out at the pub, we didn't add up anything else. One night alone was $1000. + +I found out that this wasn't the first time she had caught up to this massive spending, the year before he spent $9000 in 6 months. Why mum didn't immediately take his card away I don't know, but then again he knows exactly how to play her and probably bullshitted his way through until she believed him he would stop. At this time they created a new joint account with a seperate bank and moved their wages into it. She had access to this and therefore thought she knew exactly where the money was going but of course didn't realise he was still secretly siphoning money out the mortgage. + +The problem is now, he still has the card to that account and so far we don't know if he has been using it since he got up there. Mum was calling the bank today to try find out, looks like he changed the online password from what she had recorded down so we haven't been able to get online either. She obviously doesn't want to let him know we know otherwise he might a) panic and take a shit ton of money out or b) it'll be the finally nail in the coffin for him to do something serious (He's on suicide watch). The statement came in a week before he 'randomly' decided to go to QLD. A lot of things that he has done in the past are starting to make sense now. + +So I don't have any experience with joint accounts OR a mortgage... what can she do to from here? What's the best move from a financial point of view? Can she freeze the offset account for now or would that mess up the mortgage repayments? + +She's 65 years old still working full time and has worked so hard her whole life, never once loosing a job, never once spent money unnecessarily. Dad on the other hand has lost many job and spends money like it's no mans business. It looks like the mortgage has barely gone down in the 15 years they've had the house. + +**TL;DR** Dad's been taking money from my parents mortgage to fund his gambling addiction, now he's in another state still with access to the account. What can mum do to stop him taking potentially any more money out? I wrote this in a rush, sorry if it's jumbled. + +&#x200B; + +EDIT: Thanks for those that have been helpful. So far the consensus is to contact the banks (obviously we'll do that) and get a lawyer. Banks are the easier bit, but I know mentioning a lawyer is going to freak mum out. I can see her practically falling apart since he left in January and I'm doing everything I can to be there and support her (Should I mention I'm also 6 months pregnant with my first child while studying full time so there's a lot going on atm). She's a literal angel on this earth and has not deserved a second of any of the stress he has caused her over the years. It breaks my heart. + +**Realistically is a lawyer going to just drain out all the money she has left? I have no idea how the system works other than it's going to cost money. Money she already doesn't have much left of**. +I recently lost my partner and acquired his life insurance. Iā€™ve always lived check to check and donā€™t know how to handle having this. Iā€™m afraid Iā€™ll mess up and need advice. + +Iā€™ve always heard banks are bad for gaining interest, but what are the other low-risk ways? Itā€™s a good amount but not enough to where I would want to risk much. + +I debated paying off my house, and if I did, I would be left with just at six figures. But others have told me itā€™s better to keep the large amount to gain interest on. + +Any advice is appreciated! + +EDIT: Some details if it helpsā€¦Iā€™m currently 25, have about 15k-20k in 401k through work, and a decent paying job. I own my home and we bought it back in March. I went ahead and paid off all debts except student loans (7k) and the house (137k). Iā€™m aware paying off debts all at once is bad for my credit but didnā€™t really care since it was more of a mental health decision due to grieving/not functioning well. + +(Sorry if this is poorly worded, Iā€™m not well these days but Iā€™m trying) +I hope this does not get ignored or burned down by all the other posts from this subreddit. + +Sorry for not the best English, I'm still learning. + +The whole story: + +I graduated from high school in June 2020, and I was ready to start college in Italy because I wanted to be independent asap and college is the only option. One day, I was talking with my mom about my plans after high school, and she told me to consider studying in the USA and live with my sister there. + +The idea of studying in the USA resonated in my head, but I was very hesitant of doing it tbh, there is no way I can waste more years of my life relying on someone else, I wanted to choose the less riskier route and stay in Italy to work part-time and study full time. + +Fast forward to the end of September Iā€™m starting college and the idea to consider the USA became more of like an ā€œorderā€ from my mom, she was telling me that my sister lives in the USA that she is studying in college and that she got plenty of scholarship easily, like every semester she would get thousand worth in scholarship (itā€™s a community college). + +The whole conversation was very vague and weird, like -how did she get soo many scholarships each semester when she is struggling with chemistry and math? I had so many questions, but every time I confronted my mother about it, she would get very defensive telling me - trust your sister and that Iā€™m a failure and I donā€™t have any future here in Italy. + +And here was my mistake, I didnā€™t do any research about how the whole college system works in us, at first I thought I had to pay only the in-state tuition because Iā€™m living with my sister and that she is covering my living expenses, turns out Iā€™m on a visa and that I need to pay 7k a year for a community college in fees. That, scholarships are there sitting to be claimed and I just have to write in a 2-hour essay and Iā€™ll probably win some, turns out the percentage of people winning half/full-ride scholarship is very low. + +I didnā€™t have many possibilities, so once I got accepted for my visa, I booked a flight ticket for literally the next week and officially moved to Idaho with my sister. + +The first few weeks in the Us were maybe the worst of my life. With my sister basically arguing with me every day and getting angry, humiliating me every day telling me that Iā€™m not doing anything all day when Iā€™m sitting all day struggling to write these essays, keep up with all classes and assignments with the school. + +Every morning when I wake up, I ask myself ā€œWhy am I even here? I should just disappear, and nobody would careā€ Like, Iā€™m in sitting in my bedroom thinking to myself that this is someone else house that Iā€™m not paying for. Iā€™m very grateful for the opportunity of not having to be stressed about all the living expenses, but at the end of the day Iā€™m living in someone else family, I feel like a leech, Iā€™d feel suicidal for even using the bathroom because Iā€™m thinking that itā€™s not my house or to beg my sister every morning to take me to school because I canā€™t afford. + +I chose an engineering field to study mainly because I did not want to deal with those stupid essays. + +But, now Iā€™m stuck here in the states doing all these useless classes that Iā€™m overpaying thousands in tuition fees. + +I donā€™t want to sit here and pretend I was the happiest person in Italy, but I was finally on the route of getting something out of my life. Meanwhile, here in the states, Iā€™m afraid I canā€™t even afford school. + +Another note is that my main goal is to go back to my country (Africa) to be independent and to stay close to my family. Iā€™ve looked at the global ranking for this 4-year college, and it is sitting below the top 800-1000 with 25k out of state while my university is way above that at 700-800 and it cost less than 1k a year. It would take me only three years to get my bachelor degree while here with community college and college more than 4+ years. + +Iā€™m leaving much of the non-relevant stuff out. I don't want this to be an eight-page essay about how my life sucks. + +I canā€™t even ask my mother to give me some money to pay for next semester because she used part of my budget to pay for her loans, At first, it was 15k, but they turned out to be only 3k, Iā€™ve already paid my first semester, so Iā€™m left with 0$ in my credit card. I need to pay for the next semester to be eligible to find jobs on campus and to maintain my f1 visa status. + +I know my biggest mistake was not doing any research, and Iā€™m paying the consequences, and Iā€™m here asking you guys for your help. + +Thank you for reading. +### UNITED STATES + +* **Futures** can't seem to make up their mind, indicating a mixed openingĀ Ā Ā  +* Core **inflation figures** came in line with expectations, clearing the way for another rate hike this monthĀ  +* The % of **small business** planning to **increase prices** in the next three months rose to its highest level in a decadeĀ  + + * **Retail wages** have surged this year along with freight **shipping costs**Ā  +* **Apple** will build a $1bn dollar facility in Austin, TX creating an initial 5,000 jobs which could grow to a possible 15,000 + * They have created 6,000 jobs this year and will continue to pursue their goal of creating 20,000 jobs by 2023Ā  + +### OTHER + +* **Theresa May** survived a vote of confidence against her with 200 votes for her and 117 votes against her + * She has promised not to lead her party in the next electionĀ  +* Demand for **OPEC Crude Oil** is anticipated to fall next quarterĀ  +* **Lowes** is planning a $10bn share buyback programĀ  +* Short sellers have started to go after high-yield (aka junk) ETFs + * A surge in volatility could result in some painful margin callsĀ  + +### CHINA + +* China has apprehended two Canadian men for "harming state security" in the days following the arrest of a Huawei executiveĀ  +* Demand for **oil** is slowingĀ  +* China plans to alter its **Made in China 2025** plans to increase access to foreign companiesĀ  +Would you look at all that IEX volume so far? You know, that little super legit bright exchange that brokers don't want your trades getting routed through? + + + +The percent of total volume traded through IEX across all exchanges is almost the same already too. Maybe another after hours SEC filing email today? Maybe a couple? I can't wait to find out! + + +Sauce: [https://chartexchange.com/symbol/nyse-gme/exchange-volume/](https://chartexchange.com/symbol/nyse-gme/exchange-volume/) + + + +Ape on! + + + +Edit: Iā€™m not sure why the picture isnā€™t showing but it was at 647,224 through IEX yesterday (3/22/2022) and its already at 566,398 today (3/23/2022). + +Edit 2 @ 12:32 EST + +IEX volume + +3/23/2022: 718,731 (so far) + +3/22/2022: 647,224 (total) + +Edit 3-4: thanks for the awards kind strangers! Unnecessary but appreciated :) + +Edit 5: to answer ā€œwut mean?ā€ to the best of my understanding: + +IEX is widely recognized as the most open exchange, as it was designed to be, so that payment for order flow and other trading shenanigans werenā€™t effectively usable. When an order goes through IEX there is definitely a share being purchased and a share being sold, no synthetic junk. This adds pressure to a stock because funny business like how some brokers just credit your account for a share instead of actually buying it is not allowed, therefore giving the stock a more realistic market price. + +Higher utilization of the IEX exchange means a stock is more likely to settle on itā€™s true market value. + +Edit 6: normal hours are over, total volume through IEX as % - IEX volume + +3/23: 4.11% - 1,002,131 + +3/22: 4.31% - 647,224 +I have been on this sub for years, and I don't know why as of late it seems that people are criticizing, mocking, insulting, and demeaning traders that are asking for input or general advice about their investments. It should be possible for us to ask questions about stocks and companies without being belittled by others. I for one would like to see this sub get back to its old self, where people could ask honest questions and recieve honest answers. + +If you like or dislike a stock, cool, but can we just be civil and try to offer constructive criticism instead insults? +Last month I needed to take out a personal loan for $450 to put towards my rent. My credit is pretty bad due to a lot of student loans in my name, so the only place that would offer me a loan was River Valley. I accepted the loan and have been paying $60 installments each Thursday. When I logged in today to see how much I have remaining, it said that Iā€™m expected to pay over $2000 in $60 installments over 40 payments. Is this normal? I never would have accepted such a small loan if I thought Iā€™d be spending so much money back. I know itā€™s my fault for not reading the contract fully. +https://www.wsj.com/articles/china-says-growth-is-fine-private-data-show-a-sharper-slowdown-11567960192?mod=mhp + +Beneath Chinaā€™s stable headline numbers, there is a growing belief that the real picture is much worse + +By Mike Bird and Lucy Craymer +Sept. 8, 2019 12:29 pm ET + +In the second quarter of this year, official Chinese data showed economic growth of 6.2%, close to Beijingā€™s target and within a percentage point of what it has reported every quarter for the past 4Ā½ years. + +A few months earlier, satellites monitoring Chinese industrial hubs suggested parts of the worldā€™s largest trading economy were contracting. An index of Chinese industrial production created by a multinational manufacturer was pointing to lower growth than official figures. And a web-search index used to gauge how many workers return to their jobs after the Lunar New Year holidays was down sharply from a year earlier. + +Beneath Chinaā€™s stable headline economic numbers, there is a growing belief among economists, companies and investors around the world that the real picture is worse than the official data. That has analysts and researchers crunching an array of alternative dataā€”from energy consumption to photos taken from spaceā€”for a more accurate reading. + +Their conclusion: Chinaā€™s economy isnā€™t tanking, but it is almost certainly weaker than advertised. Some economists who have dissected Chinaā€™s GDP numbers say more accurate figures could be up to 3 percentage points lower, based on their analysis of corporate profits, tax revenue, rail freight, property sales and other measures of activity that they believe are harder for the government to fudge. + +China, whose GDP topped $13 trillion last year, is still growing, and the alternative data points to that. It indicates the deceleration is happening in areas such as manufacturing. In many cases, alternative indicators have previewed the path of official data and show the depth of the challenges Chinese authorities face. + +ā€œManufacturing is being hit really hard,ā€ said Leland Miller, chief executive officer of China Beige Book, which measures Chinaā€™s economic strength based on thousands of survey responses from mainland companies. ā€œInvestment is down, hiring took a serious hit, a huge hit to new orders.ā€ + +China on Friday released billions of dollars to banks in an effort to revive business sentiment as the U.S.-China trade battle continues. The Peopleā€™s Bank of China reduced the amount of money commercial banks have to hold in reserve, enabling lenders to finance projects. + +Much of the data ā€œis telling us nothing good about the China economy,ā€ said Eric Pratt, head of global marketing at AVX Corp. , a maker of electronic components based in Fountain Inn, S.C., which has two Chinese factories producing parts for cars and mobile phones. Mr. Pratt said over the past year, as alternative indicators and forecasts pointed to more weakness, his company cut some jobs and slowed production. + +Over the past decade, Chinaā€™s growth has made up between a quarter and a third of the worldā€™s economic expansion. The countryā€™s size and interconnectedness around the globe now means small changes in output impact the performance of all major economies, including the U.S. and trade-oriented ones such as Germany and Japan. + +Since the escalation of the U.S.-China trade conflict, suspicion that China may be massaging its official data to paint a picture of broad economic health has become a challenge for Washington. U.S. trade negotiators have been seizing on any signs of weakness in their attempt to squeeze more concessions from Beijing. + +As the effects of tit-for-tat tariffs filter into Chinaā€™s economy, the countryā€™s government has also tightened access to data that has proved reliable in the past, in some cases stopping the release of indicators that paint an unfavorable picture. + +In December, a manufacturing index for the trade-intensive Guangdong province was suspended after trailing national figures for months. The countryā€™s National Bureau of Statistics said the local government that produced the index didnā€™t have permission to do it. + +Chinaā€™s official unemployment figures haven't changed much since the trade war began, raising questions about their reliability. + +One challenge for businesses and investors is that Chinaā€™s economy canā€™t be easily deciphered using measures such as unemployment and real GDP growth because those numbers donā€™t change much or are carefully managed. Where Chinaā€™s central bank sets interest rates also isnā€™t a good gauge of growth, because most large Chinese banks are state-owned entities whose lending is driven by policy goals rather than profit motives. + +One official measure of Chinaā€™s unemployment rate has hovered between 3.5% and 4.5% for the last 15 years, a pattern that has led many economists to conclude it is unreliable. About two years ago, China began publishing an unemployment rate for urban areas derived from a labor survey that authorities said was more accurate. It recently showed a higher reading of 5.3%, but has also moved in a fairly tight range. + +Authorities have defended their data. Earlier this year, after China reported stronger-than-expected GDP growth, a spokesman for the National Bureau of Statistics said the state wasnā€™t ironing out economic fluctuations. In August, another representative of the body said its survey of the countryā€™s labor force was relatively reliable, scientific and accurate. + +Generally speaking Chinaā€™s data has captured some degree of slowdown, though sometimes later than private measures. But government efforts to keep the economy from cratering, such as infrastructure spending, lending and other stimulus, can obscure areas of weakness or smooth headline growth numbers. As a result, they often donā€™t capture what companies are seeing on the ground, independent economists say. + +That has left the door open for dozens of proprietary data providers who are competing for a growing field of financial and multinational clients, global central banks and government agencies around the world. They face a challenging task given Chinaā€™s vast and diverse economy where labor conditions, incomes and business activity levels vary widely between modern cities, manufacturing hubs and swaths of rural areas. + + +Companies that sense the economy isnā€™t doing so well are adjusting their strategies. American apparel company Brooks Brothers Group Inc. is expanding in China, but after detecting weaker retail sentiment in conversations with mall operators and in customer traffic and tourist numbers, the chain is in some cases setting up shop in smaller spaces instead of larger stores. + +ā€œThere has been some softening,ā€ said Andy Lew, president of Brooks Brothersā€™ international division. + +London-based research firm Capital Economics has its own gauge of Chinese economic growth constructed from measures such as the amount of property floor space under construction, electricity output, freight and passenger traffic, and seaport volumes. ā€œThe problem is not a lack of data but more the quality,ā€ said Julian Evans-Pritchard, its Singapore-based senior China economist. + +The firmā€™s index, called the China Activity Proxy, has shown growth below official figures for the past seven years. It recently indicated an expansion rate of around 5.7% due in part to stronger construction activity. But electricity productionā€”a proxy for heavy industryā€”has slumped and credit growth remains weak, supporting the idea that parts of the economy arenā€™t doing well. + + +In July, China reported 4.8% year-over-year growth in industrial output, its slowest pace in 17 years. A large multinational company had seen the signs much earlier. + +Eaton Corp. , a global manufacturer of electrical components and power systems for buildings, industrial facilities, planes and other machinery, has about $2 billion sales in China. Last year, its in-house index showed 2.7% industrial production growth while Chinaā€™s official reading was above 5% over the course of 2018. The companyā€™s index estimated 2.5% growth for the first half of 2019. + +The index was constructed by a team of in-house economists about a decade ago, when Eaton noticed demand in its markets was weaker than Beijingā€™s growth numbers, said its former chief economist Jim Meil. The index was built from Chinese data combed from domestic sources that included automotive sales, steel production and construction activity, Mr. Meil said. + + +SpaceKnow tracks about 6,000 industrial locations in China and analyzes data on night-light luminosity and infrared bandsā€”indicators of heat produced by electricity or factoriesā€”from about half those sites roughly every two weeks. It produces a proprietary index that has become a leading Chinese PMI indicator used by hedge funds, central banks and policy makers, said CEO Jeremy Fand. + +ā€œYou can see factories suddenly go quiet, giant subdivisions, huge construction projects just get halted,ā€ said Mr. Fand. In August, SpaceKnowā€™s index pointed to a slight expansion, coming close to official figures that analysts said reflected a pickup in production before more U.S. tariffs came into effect. + +Mr. Fand said the company is also working on a project for a U.S. government agency that is trying to analyze the impact of U.S. tariffs on Chinaā€™s economy and certain industries. + +Last December, U.S. exchange operator Nasdaq Inc. bought an alternative-data business called Quandl Inc. Bill Dague, a data scientist leading alternative research at Quandl, has traveled to China in recent months to hunt for new data sets for clients. + +ā€œBecause it is so hard to get data out of China, demand has surpassed supply,ā€ he said, adding that escalating U.S.-China tensions have made domestic data vendors less willing to share information with U.S. companies. + +Quandlā€™s data includes satellite images of aluminum stockpiles and containers of concentrate sitting outside Chinese smelters and storage facilities before and after the U.S. imposed 10% tariffs on Chinese aluminum in March 2018. + + +Before the duties took effect, geospatial images indicated factories were ramping up aluminum production. By the summer of that year, the stockpiles had run down and the production supplies werenā€™t replenished at many smelters, indicating slower production and slackening demand weeks before it was reflected in Chinese government data. + +George Mussalli, who oversees research and investments at Boston-based PanAgora Asset Management Inc., said one metric he monitors yearly is a ā€œSpring Festival Indexā€ produced by Chinese web-search giant Baidu Inc. PanAgora is a quantitative investment fund that uses data, mathematical and computer models to develop trading strategies. + +Baiduā€™s index is compiled from the number of people who use its search engine to find information about travel and transportation options around the weeklong festival, which coincides with Lunar New Year. During that period, millions of workers embark on long commutes from big industrial cities to rural areas in central China to spend the holiday with their families. + + +One index showed a drop in the number of people searching about travel for a weeklong spring festival this year. + +This yearā€™s festival took place in early February, and the index showed a 12% drop in the number of people searching about travel in contrast to the previous year. Mr. Mussalli said the lower reading was a sign of slower economic activity. + +ā€œIn years where factories expect less production, some of the workers go home and stay home,ā€ Mr. Mussalli said. + +Chinaā€™s automotive sector, which makes up about a 10th of GDP, has been in a slump since late 2018. The China Association of Automobile Manufacturers, the organization that puts out official sales numbers and forecasts, had earlier estimated that 2019 sales would be flat year on year. In the first seven months of the year, they fell 12.8%. Despite that, the official forecast is now for a 5.4% full-year decline. + +Analysts at Bank of America Merrill Lynch are less optimistic. They forecast a 3.6% drop in car sales at the start of 2019 and now expect a 12% drop for the year. + +Ming Hsun Lee, a Hong Kong-based autos analyst at the bank, has been using data from a domestic vendor that collects weekly numbers from companies on production levels, sales to dealers and retail car sales. He said he uses it to calculate inventory levels at manufacturers, and considers price discounts, government stimulus and other factors in developing his forecast. + +Mr. Pratt at AVX, the U.S. electronics component maker, said the company has been using the bankā€™s data to help gauge demand and adjust production. ā€œWe donā€™t use what the government says because they are always really protective of their automotive industry,ā€ he said. +[Ford announced it will cut 12,000 jobs in Europe.](https://www.wsj.com/articles/ford-to-slash-jobs-as-part-of-european-shake-up-11561636169?mod=hp_lead_pos4) + +&#x200B; + +> The move is the latest example of a big U.S. car maker [retreating from Europe](https://www.wsj.com/articles/gm-couldnt-do-it-now-peugeot-tries-to-fix-opel-1508924273?mod=article_inline&mod=article_inline), which has high labor costs and is in the process of adopting some of the strictest emissions regimes in the world. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +###Happy Q3 Earnings Report Day! +After markets close today, GameStop will release their Q3 Earnings Report. While such reports traditionally do not include announcements of new initiatives, there are many hints that an announcement of the NFT marketplace is due any day now. Many Apes know firsthand how different the GameStop of today is from even one year ago. Stores are frequently packed with shoppers, the online offerings have much more variety, same-day delivery is game-changing, and their customer service is top-notch. GameStop clearly has a healthy retail business, but even more exciting is the other transformations they are engaged in. It can't be cheap though - revolutionizing the industry is going to be costly, and we're likely to see some of that cost included in the earnings report. + +However, the cost of reinventing GameStop is *nothing* compared to the cost of betting against GameStop. The Institutional Shorts are unrecoverably deep in their attempts to drive GameStop into bankruptcy, and now have zero chance of ever making that come true. There is no way out of the position they are in - they can only hope to survive, and even that is a slim chance. The only way the possibly could is if they somehow cause Apes to abandon GameStop entirely. They will do *anything* to make that happen, but their efforts so far have failed spectacularly. + +I expect them to try harder. To short more aggressively. To spread FUD. To manipulate the media. To attack Apes directly. They have seen the effect of our DiamantenhƤnde, and fear us HODLing as they desperately try to exit their position. We are here to stay, we have DRSed over 1 million shares, and we like this stock. Buckle up! + +Today is Wednesday, December 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- ā¬œ 120 minutes in: **$176.79 / 157,06 ā‚¬** *(volume: 1729)* +- šŸŸ© 115 minutes in: $176.79 / 157,06 ā‚¬ *(volume: 1705)* +- ā¬œ 110 minutes in: $176.51 / 156,81 ā‚¬ *(volume: 1601)* +- šŸŸ© 105 minutes in: $176.51 / 156,81 ā‚¬ *(volume: 1594)* +- šŸŸ„ 100 minutes in: $176.42 / 156,74 ā‚¬ *(volume: 1585)* +- šŸŸ„ 95 minutes in: $176.44 / 156,75 ā‚¬ *(volume: 1542)* +- šŸŸ© 90 minutes in: $176.78 / 157,05 ā‚¬ *(volume: 1535)* +- šŸŸ© 85 minutes in: $176.71 / 156,99 ā‚¬ *(volume: 1535)* +- ā¬œ 80 minutes in: $176.63 / 156,93 ā‚¬ *(volume: 1534)* +- šŸŸ© 75 minutes in: $176.63 / 156,93 ā‚¬ *(volume: 1502)* +- ā¬œ 70 minutes in: $176.51 / 156,81 ā‚¬ *(volume: 1501)* +- šŸŸ© 65 minutes in: $176.51 / 156,81 ā‚¬ *(volume: 1498)* +- ā¬œ 60 minutes in: $176.49 / 156,80 ā‚¬ *(volume: 1391)* +- ā¬œ 55 minutes in: $176.49 / 156,80 ā‚¬ *(volume: 1356)* +- ā¬œ 50 minutes in: $176.49 / 156,80 ā‚¬ *(volume: 1309)* +- šŸŸ„ 45 minutes in: $176.49 / 156,80 ā‚¬ *(volume: 1309)* +- šŸŸ© 40 minutes in: $177.16 / 157,39 ā‚¬ *(volume: 1106)* +- šŸŸ„ 35 minutes in: $176.78 / 157,05 ā‚¬ *(volume: 1086)* +- šŸŸ„ 30 minutes in: $178.37 / 158,46 ā‚¬ *(volume: 774)* +- šŸŸ„ 25 minutes in: $178.41 / 158,50 ā‚¬ *(volume: 710)* +- šŸŸ„ 20 minutes in: $178.49 / 158,58 ā‚¬ *(volume: 710)* +- šŸŸ© 15 minutes in: $179.00 / 159,03 ā‚¬ *(volume: 202)* +- šŸŸ„ 10 minutes in: $178.46 / 158,55 ā‚¬ *(volume: 86)* +- ā¬œ 5 minutes in: $178.58 / 158,65 ā‚¬ *(volume: 38)* +- šŸŸ© 0 minutes in: $178.58 / 158,65 ā‚¬ *(volume: 27)* +- šŸŸ© US close price: $177.81 / 157,97 ā‚¬ *($179.22 / 159,22 ā‚¬ 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 1.1256. 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) + +DiamantenhƤnde 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! +*"In the short run, the market is a voting machine, but, in the long run, it is a weighing machine" -Benjamin Graham* + +Warren Buffett has taken some heat recently over his decision to sell all of his airline stocks near their lowest point. Amid investor optimism for the return of "normal" travel behavior, airline stock prices took flight, so to speak, as a primary beneficiary of this exuberance. This has every investor with a Robinhood account sitting on his couch thinking he is smarter than perhaps the greatest investor of our time. But is he? + +* Warren Buffett is not a short-term swing trader, he is a long-term, buy-and-hold investor. He looks at the prospects of a company 20 to 30 years down the road, not 2-3 months +* Airlines represented a significant, but relatively small portion of Berkshire Hathaway's portfolio. Taking a loss on an industry that is in turmoil for the chance to redeploy in another industry with clearer skies ahead is more in line with the investing philosophy that made him a success +* Armchair investors think to themselves, "Well, people won't stop flying", I'll buy AAL, UAL, and DAL. While that is certainly true in the broad sense, think about the practical sense. Airlines need to squeeze every dollar out of every flight to remain profitable. Under the "new normal", not only might the incredibly important Middle Seat be in jeopardy, but the ridiculously profitable Business Class seat is also going to see massive declines as more and more business is conducted remotely. +* With cash burn rates in the double-digit millions of dollars PER DAY, many major U.S. airlines are only in business due to federal government bailout money -- one of the conditions of which was that they keep paying their employees that are not doing much flying (or revenue generation) these days. +* While it is a near certainty that "people won't stop flying", there is no certainty about who will be doing the flying. When the bailout money is gone, the cash is depleted, and the revenues are a fraction of where they need to be, a company goes bankrupt. It is entirely possible that one or even two of the major U.S. airline carriers never get their head above water again. Which ones? (\*Casually glances at American and United\*) I'm not sure, BUT, what I am sure about, is that Warren Buffett has access to way more information about the companies he invests in than you or me. +* Last Thursday, while AAL stock was almost doubling, 14 of its top officers VOLUNTARILY took buyouts to leave the company. Now, ask yourself -- why would anyone in their right mind in a leadership role at a prominent U.S. company with a huge salary and comfy corner office voluntarily leave that company and deny themselves the personal glory of being part of a turnaround story? + +**My advice:** Take your profits now and buy yourself something nice -- like stock in a company that actually has massive future growth and profit potential. And do not think that you are smarter than Warren Buffett. + +&#x200B; + +Finally, they are a few years old, but these nifty infographics offer a fun insight into what makes the Oracle of Omaha tick: + +[Part One: The Early Years](https://www.visualcapitalist.com/warren-buffett-series-early-years/) + +[Part Two: Inside Buffett's Brain](https://www.visualcapitalist.com/inside-warren-buffetts-brain/) + +[Part Three: The Warren Buffett Empire](https://www.visualcapitalist.com/warren-buffett-empire-giant-chart/) + +[Part Four: Buffett's Biggest Wins and Fails](https://www.visualcapitalist.com/warren-buffetts-biggest-wins-and-fails/) + +[Part Five: Wisdom from The Oracle](https://www.visualcapitalist.com/the-25-best-warren-buffett-quotes-in-one-infographic/) +2 kids (3 year old and 7 month old), wife, 300k mortgage. +Get 300k from my work if I die, I get around the same from her work. +Our current life insurance has income protection which is decent and pays off mortgage if we die. + +I like it because mortgage paid off and then for either one of us we then get a lump sum from work to not have to worry. + +HOWEVER, it is Ā£103 a month and seems a luxury atm given the huge cost of living crisis everyone (and us) are going through. + +Is it a luxury or a necessity... it is hard to make the decision... +Oh and income protection is about Ā£10 of that total insurance. + +EDIT AFTER READING POLICY (for more info as it is coming up a lot) - we get "300k decreasing term assurance policy incorporating critical illness cover" and "income protection of 26k tax free" (24 months max for each claim but can claim again after 6 months back at work). +Over the whole 22 years we will pay Ā£26,000 for the insurance. +Here are some questions I have on PMCCs: + +1. How do you know how far out you should buy the LEAP? +2. Should the LEAP you buy be ITM or OTM, and how deep? +3. When your weekly/ monthly gets assigned, how does this work? You would have to sell shares you do not own? How would this play out? Would you have to sell your LEAP? +4. Because a PMCC ties up less collateral, why doesn't everyone use PMCCs? What are some of the cons/ drawbacks to them? + +Are there any other tips for a PMCC newbie you would like to give? +Bought 0DTE SPY bear call spread yesterday as I believed that SPY wouldnā€™t go higher than $440. + +This was my first time trying to sell premiums and it did expire worthless by the end of the day. + +I noticed that the premiums were quite high, so I decided to make an entry to buy $442 calls and sell $440 calls, thus collecting 0.35 credit per contract. I had 10 contracts in total, so I collected $350 premium, its not much but I was excited. + +Iā€™m pleased with the entry, this was my first time and I will do it again the next time I find a good entry šŸ˜„ +If I see one more fucking post about a fake squeeze I'm gonna lose my god damn mind. + + +I thought margin call was still a threat? How are they gonna fake a squeeze if 'faking' it triggers the real one? In order for it to be 'fake' it has to be high enough to be 'beliveable'. If it hits 300 do you think everyone who isnt informed is gonna be like "oh yeah that's gotta be over". Or do you think they're gonna be like "holy shit I gotta buy in!" + + + +Shorts have been struggling to survive fighting apes and institutional longs. Literally doing everything they can to manipulate the media so FOMO buy in doesnt happen. I seriously see 0 possibility of them stopping the rocket if they try to 'fake' another takeoff +# My bull case on Bingus.Ā  + +Let's start with my background so you're not just getting yelled at by some random Redditor.Ā  + +When I was 13, I had the chance to buy 2 Bitcoin at around 200-300 (I don't remember, a long time ago) with money I inherited, and hold until I was 18. That's all I wanted to spend it on, and my mom said no.Ā It crushed me, especially as I spent all that money on Taco Bell instead. Definitely Not Worth it. Baja Blast is good tho.. + +# Well, let's just say that set me on a path to never do that again (I totally have thoughšŸ¤£).Ā  + +I got a Robinhood account (TDA now) when I turned 18, and messed around pretty lightly for a while. I eventually picked it up more and more, and now I'm staying up all night to trade crypto šŸ¤£.Ā  + +I have 2 main investing strategies. Long-term term hidden value and Hype/Mania Day trading, capitalizing on the insane volatility low cap cryptos have. So far I have been doing well for myself.Ā I would consider this a little of both, but mainly the former to me. + +I am not a shill. I am honestly highly annoyed by shills. I'm heavily invested in GME, and let's just say we don't take too kindly to shills in those parts.Ā  + +I'm saying all this, because I want you to know I'm not a mindless shill, or a bot just spamming messages. But I am also no expert. I have light/moderate experience with various markets, but I pride myself on being at least okay. + +# Ā  + +# Anyways. Enough about me, it doesn't matter. On to the bull case. + +I'm going to keep it light, because I want you to look into it also. I'm just showing where it hits my checklists.Ā  + +**What makes crypto move? Especially low cap crypto?**Ā  + +Current Sentiment.Ā  + +Marketing/catalysts.Ā  + +Use case.Ā  + +Strong team. + +Future Sentiment (what I think other people will think).Ā  + +Bingus is kinda nailing all of these.Ā  + +# Sentiment: Bingus1.0 had an error, community restarted it.Ā  + +Most tokens/coins are Completely dead after something like that. People tend to move on, but there was enough community around to warrant a relaunch.Ā  + +The community has also grown substantially since then. + +Again, I have seen dozens/hundreds of tokens die after something like this. People are very quick to either assume scam, or move on and forget about it.Ā  + +# Marketing/Catalysts: Strong marketing team with big connections. Real Influencers on board. Upcoming listings.Ā Stuff that can really bring eyes on the pink cat. + +# Use case: Actually donates to benefit animals. + + I don't generally pay attention to things like this when investing/trading (I can only see in green when I'm thinking finances), but it is very nice.Ā  + +I love animals, and they really do need help. I prefer to not think about it, because it's a tough reality. But that's not what's best, or right.Ā And the things that make us sad should be things we contribute to fix. + +# Strong Team: All this so far didn't happen on its own. People are working very hard to build this project. I'm quite impressed at the dedication I see in the team.Ā  + +So many crypto "projects" are just websites thrown together, bots/shills in telegrams/reddit faking an active community, team not heard from or not confidence inspiring.Ā  + +This is a big one. Because nothing happens without work getting done.Ā  + +# Future Sentiment: When I'm buying something, whether it be stocks, or crypto, I don't think as much about what I think about it, but what others will think/feel. Because any of us are just one person. So unless you're a mega Chad whale, probably won't be moving the price much. It matters what other people think, and Bingus is an existing meme, and it's easy to like a pink cat. + +So again, I'm not an expert, or a financial advisor. These are just my thoughts and opinions on Bingus! Please do your own due diligence, if you do decide to buy any. Crypto is volitile, anything can happen. So make all your financial decisions wisely. I don't know if financial advisors are even a real thing, but if they are and you can afford it, probably not a bad idea to have someone keep your ape fingers in check. + +&#x200B; + +I'm going to leave some links at the bottom, but I am *intentionally* leaving out the pancake swap link. I don't want anyone buying in solely off my post. That's not my intention here.Ā  + +Website : [https://bingus.finance/](https://bingus.finance/) + +New subreddit r/BingusFinance (I created this sub btw!)Ā  + +Telegram: [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +Telegram Announcements & News: [https://t.me/BingusAnn](https://t.me/BingusAnn) + +Discord: [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +Twitter: [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +Chart: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +BSC Scan: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Locked liq (RUGPROOF): [https://dxsale.app/app/pages/dxlockview?id=0\&amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942\&amp;amp;type=lplock\&amp;amp;chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&amp;amp;type=lplock&amp;amp;chain=BSC) +Hello All, + +&#x200B; + +After working on my trading for some years, I started with my algorithms on Quantconnect. + +What I have realized after one year of copy-pasting, is I need to learn Python (which I have selected) in depth before I can freely work on my algos. + +So I want to check with you all for some good complete Python courses (Free as I think there are many) which I can use. Mainly which can conver some good libraries like Panda, numPy etc with Python basics. + +&#x200B; + +If there are any university courses that you are aware of that will be also super helpful. + +I have coding as my background on more object oriented languages so that may be a plus. + +&#x200B; + +Thank you +Hello All, + +&#x200B; + +After working on my trading for some years, I started with my algorithms on Quantconnect. + +What I have realized after one year of copy-pasting, is I need to learn Python (which I have selected) in depth before I can freely work on my algos. + +So I want to check with you all for some good complete Python courses (Free as I think there are many) which I can use. Mainly which can conver some good libraries like Panda, numPy etc with Python basics. + +&#x200B; + +If there are any university courses that you are aware of that will be also super helpful. + +I have coding as my background on more object oriented languages so that may be a plus. + +&#x200B; + +Thank you +With the Chinese Central Bank ending stimulus and the Holding Foreign Companies Accountable Act going into effect we have seen a mass selloff of Chinese securities as of late. This selloff has affected almost all Chinese companies only sparing a few that are involved in NFT and Bitcoin plays. This week alone $BIDU is down 22%, $BABA is down 6%, TIGR is down 22%, and FUTU is down 16%. These companies have shown strong growth and some even had amazing Q4 for 2020 during a pandemic (FUTU had a 281.6% increase of total revenue YoY for Q4). Below I am going to explain the two main reasons I see this sell off happening and why I believe it gives a unique buying opportunity. + +**Ā· China Central Bank And Government Ending Pandemic Stimulus, Tighter Liquidity Market (1)(2)** + +With China being the first major country to come out the other end of the pandemic the China Central Bank and government announced they will be ending the stimulus stance taken during the pandemic to prop up the economy. China is the first major country to emerge on the other side of the pandemic and has returned to normal even in places like Wuhan. With this returning to normal the china central bank has stopped stimulus measures as the worry of inflation creeps in causing stocks of Chinese companies to sink due to more restrictions on flow of money. Additionally, china has continued to crack down on credit use and ease lending worrying about high default rates and companies being over leveraged. This is one of the many reasons ANT was blocked (as well as internal country politics). While many would see this as a sign to be worried it is in fact quite the opposite. China is now positioned to grow rapidly while the rest of the world continues to be weigh down by Covid all the while doing its best to control inflation and risky lending ensuring a bright future for the Chinese economy. No longer having a need for stimulus is a bullish sign not a bearish and should be celebrated. + +**Ā· Risk Of Mass Chinese Delisting, Holding Foreign Companies Accountable Act (3)(4)** + +On Wednesday March 24th the SEC moved to enact the Holding Foreign Companies Accountable Act (HFCA) which requires foreign companies to allow regulators to review financial audits of overseas companies as well as requires companies to submit documents to prove they are not owned by a government entity and list any board members who are government officials. Anyone who has dabbled in foreign companies will know that the vast majority report unaudited results. Doing so going forward could mean ejection from the NYSE or Nasdaq. China itself restricts what information companies can provide to foreign auditors so even if a company wanted to abide by this new rule it may be difficult. Additionally, the Chinese government is heavily involved in many of the major corporations that operate within China. This spells potential doom for a fast majority of Chinese companies currently listed. To be clear I am 100% for financials being audited and I would love for this to be a thing. I think the fear of government influence in companies is overblown and the US itself heavily plays with the scales of companies that operate in the US, think the bail outs as well as tax breaks for major manufacturers (Boeing). I see all of this as sabre rattling by both sides and since this is a Trump law it is unlikely to continue as is without some tweaks under the Biden admin. It is very unlikely that the us government is just going to mass delist so many companies wiping out trillions in us dollars (big banks invest in these companies!) as the firesale happens before they are ejected from the exchanges. A likely compromise will be reached quietly and both sides will claim victory. + +**TLDR:** Chinese dual listed and ADR stocks are taking a beating due to a new us law, Holding Foreign Companies Accountable Act, as well as China central bank and government ending pandemic stimulus. This has created a unique opportunity where many Chinese companies, ones with healthy books and set for expansion, are selling off. I believe the fear around US mass delisting Chinese companies is overblown and that the Chinese economy is set to continue its expansion in the coming years and that the end of stimulus was due. I see this as a great buying opportunity to get on great companies well below price. This sell off may continue for a few weeks but will come to a halt once the SEC law is changed / rescinded and good economic numbers come out of China. In the coming weeks I will be looking to expand my current holdings in TIGR, FINV, QD, and open new positions in FUTU, CLPS, BABA. Remember: ā€œBe greedy when others are fearfulā€ - Warren Buffett. + +News Article Links: + +(1) [https://www.bloomberg.com/news/articles/2021-03-24/chinese-stocks-15-plunge-shows-what-happens-when-stimulus-ends](https://www.bloomberg.com/news/articles/2021-03-24/chinese-stocks-15-plunge-shows-what-happens-when-stimulus-ends) + +(2) [https://www.ft.com/content/a508addb-fbad-4708-b533-8180e60a1528](https://www.ft.com/content/a508addb-fbad-4708-b533-8180e60a1528) + +(3) [https://www.cnbc.com/2021/03/25/chinese-tech-stocks-fall-as-us-sec-begins-law-aimed-at-delisting.html](https://www.cnbc.com/2021/03/25/chinese-tech-stocks-fall-as-us-sec-begins-law-aimed-at-delisting.html) + +(4) [https://www.scmp.com/business/markets/article/3126866/hong-kong-stocks-enter-correction-us-implements-law-audit-putting](https://www.scmp.com/business/markets/article/3126866/hong-kong-stocks-enter-correction-us-implements-law-audit-putting) + +P.S. The above is my opinion, make sure to do your own DD folks. + +Edit: Sorry I haven't replied to any comments yet, will try to go through tonight and reply to them. Thank you for your awards. +I heard that you get different mortgages if the property you want to buy is an investment property instead of a primary residence and the interest rate for investment property mortgages are higher. So for example, can I just buy a 4plex with a primary residence mortgage and live in one of the units for a while. Then a while later can I buy another 4plex with another primary residence mortgage and just move and live in one of the units of the new 4plex? That way I won't have to pay the higher interest rates. Is this against the law? Thank you. +I am purchasing a duplex soon to househack and am concerned about the eviction moratorium. + +I will be using a loan to buy the duplex. + +If the tenant stops paying what options would I have since eviction would not be possible? +Iā€™ve been managing my late fatherā€™s affairs and found he left me a small amount of gold. I wasnā€™t sure of the value of exchanging it for USD (or even how to go about doing that outside of a pawn shop) vs continuing to hold on to it, particularly considering the volatility of the past year. Iā€™ve also been warned against potential tax consequences for performing said exchange. Iā€™d appreciate any advice yā€™all have on the subject. Thank you! +We are considering solar panels for our south-west facing roof in South East England - and wondering what the community thinks of it. + +The first quote we have had is around Ā£6.3k for a 3,100 kWh, 8 panel system. We will obtain further quotes and are also considering options which see a lease / subscription as opposed to a big capital outlay (have heard they exist, not sure). + +Reading about it, it feels like these will only break even around 10+ years if we invested ourselves, possibly 15. But electricity prices are high, I now mostly WFH and so am home all day (as is my wife who doesnā€™t work), and we do have the spare cash which otherwise doesnā€™t earn that much return. We currently donā€™t think we will be moving from our home in the next 10 years. We have air conditioning installed, which means our electricity usage is now relatively high (using it as a heater in the winter, albeit not always as we do have a gas boiler and radiators). + +We like the idea that we are being green if we go down this route, but the key query is purely financial. + +I doubt the solar panels in themselves will add value to the property - certainly not as much as we spend. + +While of course the answer changes based on the various variables and ā€˜dependsā€™, what does the community think of solar panels? +Tesla 2021 Q2 Earnings Report + +Earnings: $1.45 vs. $0.98 per share expected +Revenue: $11.98 vs. $11.30 billion expected +Free cash flow: 619 million vs. -319 million expected +Ā  +Cash + ā€¢ Operating cash flow less capex (free cash flow) of $619M in Q2 + ā€¢ Net debt and finance lease repayments of $1.6B in Q2 + ā€¢ In total, $912M decrease in our cash and cash equivalents in Q2 to $16.2B +Profitability + ā€¢ $1.3B GAAP operating income; 11.0% operating margin in Q2 + ā€¢ $1.1B GAAP net income; $1.6B non-GAAP net income (ex-SBC1) in Q2 + ā€¢ 28.4% GAAP Automotive gross margin (25.8% ex-credits) in Q2 +Operations + ā€¢ Record vehicle production and deliveries in Q2 + ā€¢ Successful launch of FSD subscription in July + ā€¢ Started delivering the new Model S to customers +Ā  +Summary +In the second quarter of 2021, we broke new and notable records. We produced and delivered over 200,000 vehicles, achieved an operating margin of 11.0% and exceeded $1B of GAAP net income for the first time in our history. +Supply chain challenges, in particular global semiconductor shortages and port congestion, continued to be present in Q2. The Tesla team, including supply chain, software development and our factories, worked extremely hard to keep production running as close to full capacity as possible. With global vehicle demand at record levels, component supply will have a strong influence on the rate of our delivery growth for the rest of this year. +We successfully launched Tesla Vision in Q2, which was mainly possible due to our ability to use data from over a million Tesla vehicles to source a large, diverse and accurate dataset. Solving full autonomy is a difficult engineering challenge in which we continue to believe can only be solved through the collection of large, real-world datasets and cuttingedge AI. +Public sentiment and support for electric vehicles seems to be at a never-before-seen inflection point. We continue to work hard to drive down costs and increase our rate of production to make electric vehicles accessible to as many people as possible +Ā  +Just curious how many are actually paying their taxes? I canā€™t seem to understand how the government will track earnings when wallet addresses are so unregulated/anonymous. +I'm trying to clean up my portfolio. Most of the dividend ETFs I'm looking at buying already have alot of my individual companies (coke, Microsoft, J&J, etc etc.) + +You think it would be a good idea to sell most of them and diversify them into ETFs? +Hello everyone, which stock would you like to see a review for? For this poll a post will only be done for the winner since there are only 3 options. The Honeywell post is being worked on and should be posted soonish. + + +Additionally, the review for Realty Income (O) is still being tracked and is on the to-do list. + +[View Poll](https://www.reddit.com/poll/k5bo64) +Hello all! Iā€™m looking to brake major generational curses and give my 2 year old a head start. What would be the best plan of action to create a million dollar portfolio and also have him living off of dividend income comfortably by the age of 34? We have a mini portfolio with picks like SCHD, ASTR, SPCE and VNO. Any suggestions would be helpful. I will also keep everyone posted on the progress. +I bought some ETH in July at $190 and forgot about it. Got back from Spain this week, saw something in the news about cryptos, and saw we're at $900 now!! I kind of figured it would all be gone and now I'm so happy :) +I see it steadily moving back to 300, it seems no matter how low or high we manage to get it always reverts back to 300. All you can do is HODL I guess +Over 5,460.96 BNB raised (\~ USD 3,074,520) šŸš€ + +&#x200B; + +Self-sustaining vault utilizing ERC-31337 technology. Simply put - BNB on Steroids. + +&#x200B; + +Big brain devā€™s found a way to utilize permanently locked liquidity from underneath a price floor and utilizes it to buy back, again and again, to recycle liquidity back to its holders. + +&#x200B; + +It leverages the Core (cvault finance) concept of a deflationary, permanently locked liquidity vault and uses its own ERC-31337 standard developed by the team to access the value to pump the token. + +&#x200B; + +$ROOT - its first LGE - Raised 5017 ETH and pumped 25x from LGE. + +&#x200B; + +$upUSDT - The last MGE - every participant made it out in profits + +&#x200B; + +$upBNB - ā€¦. VALHALLA - Currently 2.00 and 4000 holders in less than 24 hours + +&#x200B; + +Dev (ProfessorPonzo) is big-brained enough to create her own standard (ERC-31337). + +&#x200B; + +Dev (ProfessorPonzo) is rumored to be hot. + +&#x200B; + +šŸšØBUY ON PANCAKESWAP V2: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9c3bbff333f4aeab60b3c060607b7c505ff30c82](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9c3bbff333f4aeab60b3c060607b7c505ff30c82) + +&#x200B; + +šŸ’ŖChart: [https://dex.guru/token/0x9c3bbff333f4aeab60b3c060607b7c505ff30c82-bsc](https://dex.guru/token/0x9c3bbff333f4aeab60b3c060607b7c505ff30c82-bsc) + +&#x200B; + +šŸ‘‰ Telegram: [https://t.me/rootkitfinance](https://t.me/rootkitfinance) + +&#x200B; + +šŸ‘‰ Medium: [https://rootkitfinance.medium.com](https://rootkitfinance.medium.com) + +&#x200B; + +šŸ‘‰ Twitter: [https://twitter.com/rootkitfinance](https://twitter.com/rootkitfinance) + +&#x200B; + +šŸ‘‰ Team site: [https://rootkit.finance](https://rootkit.finance) + +&#x200B; + +šŸ‘‰Morgan Freeman explains upBNB: [https://rootkit.finance/#/player](https://rootkit.finance/#/player) +I feel like a lot of people have somewhat decent jobs when seeking FIRE. My job is like getting stung by a nest of bees to collect whatever remaining honey is left after the bears pillaged it. + +An ideal job would be to not have bees sting me. But an ideal job is no job at all, for me at least. Having a set schedule is somewhat of a cruelty. + +I will quit my jobs to just not do anything now and then. And the difference is immediate. + +When working, I have 2 hours of quality time if I am lucky and if I had a "good" day. Some bad days are so draining I cannot process anything. Even something basic like eating. + +So how can you save for retirement if building a life you want is a life without mandatory work? It seems like you have to "FIRE" before FIRE-ing. Anyone else struggle with this concept? +I recently (honestly couldn't tell you when) decided to change my spending habits. With the number growing in the bank I've been steadily repaying my debts down. I have a spreadsheet to keep track of my past mistakes and realised I've paid off Ā£5000! + +It makes me feel good. Maybe I can fix this shit? Here's to another five! +A lot of people are asking what to do in the midst of a bear market. Here are some decisions Iā€™m making as a \~30 year old pursuing FI with an aggressive risk tolerance. I think of all of the items below as more productive financial planning moves than agonizing over falling account balances. Obviously your situation is your own, but I'm posting them here for feedback and anyone looking for a sanity check. + +**1 - Increasing 401(k) contributions:** I am tightening other areas of the budget to direct more money into my 401(k) due to the recent dip. I expect that 30 years from now when I can use this money I wonā€™t regret it. + +**2 - Continuing scheduled investments:** My wife has a Roth IRA invested in 80% stocks and 20% bonds. we have a home purchase goal for next year invested in 100% bonds. Continuing to fund these regularly as we have. + +**3 - Rebalancing accounts:** This is happening automatically, so Iā€™m not actually lifting a finger. But my accounts are being rebalanced which is effectively selling bonds and buying stocks because most of my accounts have drifted from their 80% stock, 20% bond allocation. + +**4 - Trying (and mostly failing) to stop watching daily market swings:** It doesnā€™t serve me at all to watch this stuff so Iā€™m trying to pay less attention to sensationalist headlines on things I canā€™t control. + +**5 - Keeping my home purchase and emergency fund goals conservatively invested:** In tempted to dump these in stocks but recognizing the power of goals based investing. These portfolios have held up well in the volatility, so Iā€™m going to let them keep doing their boring thing. + +**What I'm not doing.** As you filter your decisions, think about what Iā€™ve decided not to do as the opposite of the decisions above. Those choices would be: + +* Stop contributing a 401(k) or withdraw money. Not happening. +* Cancel scheduled investments. Donā€™t get spooked, hamburgers are on sale. +* Let accounts drift. Not rebalancing means you end up with style drift. +* Staying glued to the ticker tape. Itā€™s a cruel rollercoaster. +* Putting my emergency fund or home purchase money into stocks to ā€œbuy the dip.ā€ Thatā€™s short term money and I donā€™t want to put it at risk. + +**4 steps I would take if I could:** These are things I would consider doing but they don't apply because I've already done them (option 1), I don't have the ability to (option 2/3) or don't need to (option 4). + +1. **Convert traditional IRAs to Roth.** It could be a solid time for a Roth conversion, paying taxes on money held in a traditional IRA now to never pay taxes on it again. If you have one this could be a good reason because 1) you wonā€™t pay taxes on this transaction for 13 months, 2) itā€™s likely your account value dropped, 3) there may be additional tax relief next year depending on stimulus measures. +2. **Tax-loss harvest.** I donā€™t have many opportunities to do this with my portfolio primarily in retirement accounts. But this can be a powerful choice if you suddenly find yourself with losses. +3. **Dollar cost average in a large cash position.** I donā€™t have much dry powder, but if I did now is a time I would be aggressively averaging into stock indexes over the next few months as this plays out. +4. **Switch investment managers.** Not happy with your investment manager? It may be less expensive to switch to new management if you now have less in taxes to worry about. Itā€™s important to leave for the right reasons, ā€œI lost moneyā€ is probably not a good one because thatā€™s the same story every long-term investor is dealing with right now. But if youā€™re paying high fees, donā€™t trust your investment manager, or want to move from self management to a fee only financial advisor, this could be a good time. +\> The program would be somewhat akin to Amazon Prime which offers advantages such as free shipping, discounts at Whole Foods and a complementary streaming video service for a monthly or annual fee, the people said. Internally, some executives have referred toĀ Disneyā€™s initiative as ā€œDisney Prime,ā€ although that wonā€™t be the name of the program, one of the people said. + +\> Discussions at Disney are in the early stages. It couldnā€™t be learned how much the company would charge for membership and how long it would take to launch such a program. + +\> The effort is supported by Disney Chief ExecutiveĀ Bob Chapek, who has been vocal both internally and publicly about the opportunity for Disney toĀ [do more to cross-sell to customers](https://www.wsj.com/articles/disney-faces-questions-on-streaming-recession-fears-at-theme-parks-11660067780?mod=article_inline&mod=article_inline), the people familiar with the discussions said. + +[https://www.marketwatch.com/story/disney-mulls-amazon-prime-like-membership-program-for-discounts-and-perks-11661979785?mod=investing](https://www.marketwatch.com/story/disney-mulls-amazon-prime-like-membership-program-for-discounts-and-perks-11661979785?mod=investing) +Some background of me and my financials: + +27 years old, single, located in the Bay Area, California who has always lived below my means. + +Current Money Breakdown: + +-$91,000 annual income; + +-$135k in my 401k; + +-$20k in Roth IRA, invested in target date index funds via Schwab; + +-$22k in brokerage account, invested in target date index funds; + +-$30k in a high yield savings account for emergency fund; + + +I am about to receive an inheritance of $60,000 in cash. What is the best way to use this money and invest it? + +I have always invested money every month using dollar cost averaging after I paid off all of my loans. (On top of maxing out my 401k and IRA I have been investing $500-$1000 a month in my brokerage account) Iā€™ve never come across this big of a chunk of cash all at once. Should I invest it all at once in target date index funds? Should I somehow spread it out and dollar cost average over 1-2 years? Is there anything you suggest I should invest in? + +My goal right now is to set myself up with investments while Iā€™m still young, so I can ā€œcoast FIREā€. + +Thanks! +good day everyone. my current plan for next year is to dollar cost average my way to $6000 which is the most you can contribute to an ira in a year but by doing so leaves me with no money to do general investing because my take home salary (after taxes) is not a lot. im at the bottom of the tax bracket. and im afraid that if i focus too much on my ira, i will not be able to grow my wealth right now and i will be missing out on a lot of great things that could happen in the market. i canā€™t start side hustles because of school. so do i have to max out my roth ira while im still young. i am thinking of using half of the budget for general investing. i would like to know your opinions. ty!! +Hey everyone. I need help. I'm planning to get my own apartment within the next two years, but I need help with how to save money effectively. I'm a notorious impulse buyer. I'm only working part time at a pizza place and and making only 200-300 in a given pay period. No matter how hard I try, I always spend too much, end up broke, and start all the way back at square one. I've tried the old "just don't spend money" tactic, but I always crack. Does anyone have any good tips on curbing my impulse spending? +So I'm sure we're all pretty sick of hearing/reading about this by now, but I felt like there was still a lot of discussion going around the "true meaning" of the post so I'm gonna lay my thoughts down on it and we can call it good. + + +It's really great to see all of these interpretations of my post. Seeing what each person gets out of it is super cool and kinda fun to see what part of the post they resonate with vs what they do not. I'll go ahead and give my clarification for what I meant, but feel free to continue seeing it as you do! + +1. For context, this came about after a break up where I realized my life had been stagnant and unchanged for multiple years. I was 21 when I started to work, and 26 when I wrote that post. In that time my life was very much the same. I lived in the same crappy cheap apartment, I worked at the same company (diff position for higher money, but still same place and city), I ate at the same restaurants ordering the same things, and I simply didn't have any life changing experiences in that time. I was still afraid of the ocean/sharks, I still had negative feelings towards bars and going out, I constantly scrutinized costs for everything, and more. This final point was a big piece of it for me, because I felt like I simply had stopped learning/growing outside of learning new skills for my job. The only thing that changed in my life was the size of my nest egg, which I used to obsess over but eventually I realized that more money wasn't generating anymore happiness, and my side hustle starting/growing (Twitch streaming). +2. At that point I realized how miserable I had become. I thought I was doing things right. Saving 75% of my income, starting a side hustle, having my gf, working out, etc. But I wasn't happy. I wasn't growing, I wasn't changing, I was simply sacrificing my time for money for the sake of retiring without knowing what the heck I was going to retire to. I had a very simple picture in my life of like "well I'll do what I want" but I hadn't even tried a lot of the stuff I was considering. And around that point I decided it was time to change sooner rather than later, because life is too short to willingly be miserable right now. +3. So I sat down and wrote the email that I talked about in my updated post. I sought out others to help push me to grow and change myself for the better. I gave myself a happiness budget and accepted that I might work a little bit longer (it's shorter than you think it would be) in order to be happy now and to find what I want in the future. Maybe I realize I don't want any luxuries, maybe I find something that is a bit expensive but is WORTH working an extra month or two in my life for, I didn't know but it was worth checking out. Over the course of the next year I did everything I possibly could and faced as many fears as I could as well. And it grew me up. It grew me to realize how beautiful life is and that there are some things that I want to work for and that gave me a bit more purpose. Scuba diving cost me $2000 for a week long trip + $400 in gear. This was the most expensive of the activities but it was worth it to me because it started the chain of conquering my fears. Being 100ft down in this beautiful alien underworld staring a shark in the face reminded me of this quote: + +> I would rather be ashes than dust! +I would rather that my spark should burn out + in a brilliant blaze than it should be stifled by dry-rot. +I would rather be a superb meteor, every atom + of me in magnificent glow, than a sleepy and permanent planet. +The function of man is to live, not to exist. +I shall not waste my days trying to prolong them. +I shall use my time. -Jack London's "Credo" + +4. I would rather be ashes than dust. It was the perfect summation for the last 5 years of my life. I was sitting there as dust gathering on my boring stable life. And as that moment passed I realized I would rather have gone SCUBA diving and had something gone wrong than been afraid of diving and living in fear of it my whole life. After that trip was over, I found myself not caring to add diving in as a yearly expense or anything as the price tag was a bit high for my enjoyment level, but I am 100% happy I took the plunge and did it once because of the life lesson and value gained from it there. This is something that I think a lot of people in this sub don't appreciate enough, the value of happiness and life lessons that may be gained from spending money in certain situations. +5. After SCUBA was my ski trip which I have talked at lengths about but I'll mention again. I didn't want to go. I thought, "I don't like the cold, it seems kinda boring, expensive, and tedious, and I could probably have just as much fun playing a video game or reading a book or something." I actually told my friend I wasn't planning on going until she said something along the lines of, "Isn't the whole point of this year to change your lifestyle and stop being a negative scrooge who thinks they know everything about happiness?" So I went. And just like the SCUBA trip changed me for the better, so did the ski trip. First thing I realized was how little I knew about my true happiness and love for life. I would have bet anybody $1000 that I would not enjoy skiing before I went, but I would have lost it so easily. I loved skiing. Standing up at the top of 12K ft overlooking the Rockies was worth the price alone, but it was so much better than that. I loved the snow, the trees, the challenge, the speed, etc. I thought I would be miserable worrying about the money I had spent the whole trip but I simply was too happy to even care. Of course I had planned the trip on the best budget I could and found the best deals I could to keep it from being too expensive, so it was no longer time to worry. So I didn't. And after the ski trip was over I realized for the first time in my life I found something beyond "I want to retire because I don't like working and being in the rat race" as a reason for saving money. +6. The rest of the year continued like this. I listed the more expensive activities but many of them were free. Sometimes it was just driving to a new city and grabbing lunch, other times it was going out in a state park and hiking to a waterfall, and many times I pushed myself to try new things whenever I could. That $25 class was no longer just "a wasted expense" but a time that I could learn about my interests and push myself. At restaurants I would tell the waiter/waitress to order me their favorite dish on the menu without telling me what it was. If there was ever something I was afraid of doing I would go do it. My fears were irrational in many cases (as they many times are) and I started to see that my fear of spending money on anything had been limiting my life as well. And at the end of the year I had a giant list of new interests, foods, places, and desires that I never knew I wanted in my life; and with that came more happiness and confidence than I ever thought possible. The previous me would have laughed at the current me and said, "What a waste. Sounds like someone who got roped into living a lavish lifestyle and now is gonna be a sucker to it for the rest of their life." But it's just simply not that. It's 1000x better than that. + +8. I don't think money buys happiness nor do I think you need all of these luxuries in life, but I do think it's always worth pushing yourself and your barriers to continue growing and then trusting that you will make smart decisions in the future. Is it really so bad that current me has decided to budget for skiing in the future? Past me would think so, but that's silly! Current me is smart enough to weigh the value of more money vs skiing and determine if the happiness gained is greater than or less than the extra months of work. So trust future self to make smart decisions. We are all AMAZING savers here with some of the best money handling skills in the world. And this money spent didn't even really affect my FI date. I thought it would set me back years but it set me back like...1 month. And if I wanted to add in some expensive activity like a ski trip every year it set me back...1 more month. So it was simply a no brainer for me and it's ridiculous how I used to get so up in arms about things like this. And what's crazier is how I used to think I would let it spiral out of control. "Well first I'll be okay with a ski trip, then I'll be wanting $5000 skis and I'll be flying first class to the Swiss Alps and I'll have completely lost myself!" I had such a fear of losing myself to lifestyle inflation without giving my future self any credit for being responsible. Once again, I was living with an irrational fear. In the end I would rather be happy and working now than miserable and working 2 months less in my life. + +So that's where the phrase "Build the life you want, then save for it" came from. I don't just mean plan it, I mean start living it and experiencing it. Don't just build that list of stuff you want for the future, build it for the now too. Why do we pride ourselves so much on our ability to be miserable now? We always talk about how we "sacrifice" so that we can stop working faster. Why isn't living the happiest life while saving money our goal? It feels like we get so caught up in competing (with others or even simply ourselves) that we drive ourselves into a bit of that misery. And I don't speak for everyone, but I speak for the person I was before and for those I see around here who are in that same spot and mindset. For the people who talk about money not equaling happiness but watch/update their spreadsheets daily, check the market daily to see any gains/losses, and celebrate all the money milestones along the way. Because that was me, counting down the years for my life to start when all along I had the power to start it any day. + +-Llama +It's like a pyramid scheme where everyone is required to shill these worthless assets or else you won't find new people to buy in. I kind of liked the market better when earnings and fundamentals mattered. At what point does this end? + +&#x200B; + +[https://www.currentmarketvaluation.com/models/buffett-indicator.php](https://www.currentmarketvaluation.com/models/buffett-indicator.php) + +&#x200B; + +The buffet indicator is suggesting that the market is currently more overvalued than the peak of the dotcom bubble. I totally believe it, everyone is in the market and I think the end is sooner than many people think. +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +Thank you to all who joined us for the extended session yesterday. It was wonderful seeing Apes from all around the world gathering together, somewhat of a 'calm before the storm'. As we anticipate tomorrow's earnings release and Thursday's meeting, it is important to remember what is at the core of this movement. GameStop is a company that has made a remarkable turnaround in recent years, and is revolutionizing its business model and establishing entirely new modes of business into the future. It is a company that was once placed into a downward spiral by overpriced (and overrated) consultants like Boston Consulting Group, who worked with complicit board members to install leadership to drive the company into the ground. This was orchestrated by hedge funds, such as Citadel and Point 72, who shorted incredible numbers of shares, most sub-$10, to try to drive the stock down and force the company into bankruptcy. + +Ryan Cohen purchased a huge portion of GameStop, removed the complicit board members, ejected the overpriced consultants, and installed leaders who believe in the company's potential and are driving it into the future. We all remember The Sneeze and how the shorts have continued to increase their short positions for the past 18 months. We see evidence of the fuckery each day, but Apes have discovered the power of DRS and are constantly locking more and more of the float at ComputerShare. While the Shorts have taken the price increase as an opportunity to 'average up' their short positions, GameStop sold shares to remove any uncertainty about the stability of the company. + +Apes, I believe in this company. I believe in its leadership. There is going to be an incredible amount of FUD directed at us in the coming days, and I am eager to see what they throw at us. We are HODLing the investment of a lifetime, at a critical moment in time. Could it be any more exciting? + +Today is Tuesday, May 31st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$136.05 / 126,40 ā‚¬** *(volume: 961)* +- šŸŸ„ 115 minutes in: $135.93 / 126,28 ā‚¬ *(volume: 857)* +- ā¬œ 110 minutes in: $135.94 / 126,29 ā‚¬ *(volume: 850)* +- šŸŸ© 105 minutes in: $135.94 / 126,29 ā‚¬ *(volume: 822)* +- ā¬œ 100 minutes in: $135.93 / 126,28 ā‚¬ *(volume: 708)* +- šŸŸ„ 95 minutes in: $135.93 / 126,28 ā‚¬ *(volume: 707)* +- šŸŸ„ 90 minutes in: $136.42 / 126,73 ā‚¬ *(volume: 672)* +- ā¬œ 85 minutes in: $136.44 / 126,75 ā‚¬ *(volume: 553)* +- ā¬œ 80 minutes in: $136.44 / 126,75 ā‚¬ *(volume: 553)* +- šŸŸ© 75 minutes in: $136.44 / 126,75 ā‚¬ *(volume: 543)* +- šŸŸ© 70 minutes in: $136.42 / 126,74 ā‚¬ *(volume: 541)* +- šŸŸ„ 65 minutes in: $135.62 / 126,00 ā‚¬ *(volume: 407)* +- šŸŸ© 60 minutes in: $136.29 / 126,62 ā‚¬ *(volume: 290)* +- šŸŸ© 55 minutes in: $136.28 / 126,61 ā‚¬ *(volume: 276)* +- šŸŸ„ 50 minutes in: $136.27 / 126,59 ā‚¬ *(volume: 264)* +- šŸŸ„ 45 minutes in: $136.29 / 126,62 ā‚¬ *(volume: 262)* +- šŸŸ„ 40 minutes in: $136.30 / 126,63 ā‚¬ *(volume: 260)* +- šŸŸ© 35 minutes in: $136.35 / 126,67 ā‚¬ *(volume: 260)* +- šŸŸ„ 30 minutes in: $136.20 / 126,53 ā‚¬ *(volume: 250)* +- šŸŸ© 25 minutes in: $136.34 / 126,66 ā‚¬ *(volume: 235)* +- šŸŸ„ 20 minutes in: $136.31 / 126,63 ā‚¬ *(volume: 234)* +- šŸŸ„ 15 minutes in: $136.36 / 126,68 ā‚¬ *(volume: 226)* +- šŸŸ„ 10 minutes in: $136.39 / 126,70 ā‚¬ *(volume: 181)* +- šŸŸ„ 5 minutes in: $136.42 / 126,73 ā‚¬ *(volume: 179)* +- šŸŸ„ 0 minutes in: $136.44 / 126,76 ā‚¬ *(volume: 166)* +- šŸŸ© US close price: $137.21 / 127,47 ā‚¬ *($136.50 / 126,81 ā‚¬ 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 1.0764. 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) + +DiamantenhƤnde 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! +# 10 Random Musings From A Boomer Who Has Been In The Financial World For Three Decades + +**January 27, 2021** + +For some people, the current stock market environment has quickly become a very painful place to make a living.Ā  For others, it has become a very exciting, effortless and fun setting to bank some ā€œeasy cash.ā€Ā  Having spent decades dealing with multiple cycles, dislocations and market crashes, I would like to share some personal thoughts directed to this second group of aforementioned investors who are understandably enjoying this current period of money-making ebullience.Ā  I recognize that this group might find my perspectives ancient, obsolete and merely useless ramblings of someone whose better years are in the rear-view mirror.Ā  I understand this attitude as I was that same person who would have felt this way when I was in my 20ā€™s, so I am not offended.Ā  Feel free to read no further or laugh at my obsolescence.Ā  Or you can consider that itā€™s hard to argue that even the best investors/traders may want to consider the contra argument to their investing actions, even if they choose to laugh at them. + +1. The Fed, interest rate policy, and opportunity cost of capital are major factors of what drives the financial markets.Ā  It can make people look very smart or very dumb.Ā  If you donā€™t understand this and fail to incorporate the macro view as at least a factor in the financial world, you may be winning the game based more on luck than skill. +2. In my 35+ years in the financial world, every time somebody said four magic words to me, something eventually proved them very wrong.Ā  It might not have been right away, but it has happened every single time.Ā  The words are simple, and nobody says them to be evil.Ā  In fact, you donā€™t even have to say the magic words, you can just think them: ā€œTHIS TIME ITā€™S DIFFERENT.ā€ +3. With very few exceptions throughout my career, the biggest determiner of long-term success in investing/trading has been an individualā€™s hubris:humble ratio.Ā  People with greater hubris believe they have all the answers because things are so easy and extra humble people always protect their downside because they know how fragile success can be.Ā  A high hubris:humble ratio always works perfectly until the moment it doesnā€™t.Ā  A low hubris:humble ratio may not be as much fun, but almost always results in long-term success.Ā  Long-term success is always better than short-term success.Ā  Look it up. +4. Leverage is a magic potion.Ā  It magnifies your brilliance on the upside, and it destroys everything in itā€™s wake on the downside.Ā  Leverage doesnā€™t discriminate between people who are good or bad, smart or dumb, or deserving or not.Ā  When leverage works its magic on the upside, it is your very best friend.Ā  When it turns on you during the bad times, the damage is often permanent.Ā  History is littered with once brilliant levered investors who stayed at the party too long and got the dreaded ā€œmargin callā€ which took them out of the game forever.Ā  You never want to be so invested that you cannot have enough staying power to maintain your investments because the only thing that is almost guaranteed is that as soon as your position is margined out by force, your once investment will then rally to a point where you could have told everyone how smart you were. +5. Momentum trading is legitimate and many long-term investors/traders have done remarkably well by avoiding fundamentals and just focusing on directional momentum.Ā  However, nobody ā€œlong-termā€ smart ever goes ā€œall inā€ on one trading strategy, especially one based upon momentum.Ā  Can it really be a big surprise what happens when the momentum decides to suddenly change direction and travels at the very same velocity in the opposite direction? +6. It is really hard to argue with a straight face that smart fundamental research on any issue, relationship or investment will not improve your odds of a successful outcome. +7. Putting all of your eggs in one basket is usually great if you want to make a quick omelet with a lot of shells in it. +8. If you are investing because you think you are getting even with someone or trying to hurt a person you have never met, you might want to ask yourself, ā€œWhy?ā€Ā  I understand envy and retribution and the ugliness of income inequality.Ā  There are better ways to settle those scores.Ā  Always remember that there are often innocent casualties in every battle and in this one, most of the money lost besides the unloved faces of the fund managers is usually from endowments of universities and hospitals, pension funds for retirees, and other individuals that have done nobody harm. +9. Eventually, security prices return to valuations that reflect intrinsic value, direct comparable alternatives and future earnings power.Ā  This isnā€™t an idea to be debated.Ā  It is more productive to debate whether the sky is blue. +10. The power of masses can be incredibly consequential and hard to resist.Ā  Being in the middle of a winning crowd can also be incredibly fun, comforting, and rewarding.Ā  However, if you look back in history itā€™s easy to see that the masses periodically also made big mistakes like following the wrong leader(s), shattering important beliefs/institutions and destroying things of import and value.Ā  Independent thought can be very lonely, but there is a time to just not follow the crowd.Ā  Iā€™m not saying this is or is not that time.Ā  Good judgement is identifying for yourself when it is that time.Ā Ā  Easier said than done. + +I am offering no specific investment advice nor judgement on what is currently occurring in the capital markets.Ā  Older and more experienced investors do not have a monopoly on anything.Ā  Progress occurs when new thinkers and actors bring ideas and methods that push the bounds of convention.Ā  This is a good and natural development and, more often than not, it results in the betterment of society.Ā  All I am suggesting is that it never hurts anyone to also reflect on past patterns, theories, and experiences others as they pave their own new path into the brave new world. + +A friendly boomer, + +Rich Handler + +RICH HANDLER +CEO, Jefferies Financial Group +1.212.284.2555 +[rhandler@jefferies.com](mailto:rhandler@jefferies.com) +u/handlerrichĀ [Twitter](https://twitter.com/handlerrich)Ā |Ā [Instagram](https://www.instagram.com/handlerrich/?hl=en) +Pronouns: he, him, his +Reported sales growth of 1.9% to $23.8B and EPS growth 22.6% YOY. It has around 6% average dividend growth over the course of 5 years, so I see no trouble with increasing its dividends in July as always. + +https://preview.redd.it/hc4s1l967ku91.jpg?width=1080&format=pjpg&auto=webp&s=62d9d6df6eb4b5b74960a070b2b4f46354aa1abb + +I have JNJ as part of my "fun strategy" portfolio, where I pick stable big companies that pay dividends, but based on their Dividend yield TTM. If the company can continue to pay it's dividends (based on fundamental analysis) at an increasing rate, the price will adjust to it's median. + +Today it has 2.7% div yield which is about the median, and I think that after this report, the price will not change much. Great company at a fair price, 3.2% yield on cost for myself :) + +https://preview.redd.it/ez1ux0w0yku91.jpg?width=1080&format=pjpg&auto=webp&s=4806fb962b687440f32ab137b59231fb741bd0f5 + +[Link to report](https://johnsonandjohnson.gcs-web.com/) +Are u guys pumping more money into your investing accounts to buy more shares? Or taking a pause Cos the markets are free falling and then start buying when u see sign of life? +Thanks! +I am trying to make trading forex into a profession and create a sustainable income. I'm curious what that looks like for my fellow traders out there. +- what is your routine? +- how many hours is spent on Fundamental/Technical a analysis each day or week? +- how many hours are spent on actual trades? +- which session do you trade? +- are there any big habits that contribute to your day to day success? (Aside from a successful trading plan) +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +# 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) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +[https://www.livemint.com/news/india/new-rules-for-salary-pension-emi-payment-applicable-from-today-details-here-11627535584562.html](https://www.livemint.com/news/india/new-rules-for-salary-pension-emi-payment-applicable-from-today-details-here-11627535584562.html) + +With 24x7 NACH you would get your salary, pension, FD interest credited to your bank a/c even on holidays and weekends. + +Will this step also help investors receive mutual fund redemption amount any faster? If T+X falls on a weekend or bank holiday, will the AMC now transfer the redemption amount using 24x7 NACH even on a bank holiday or weekend, or do we still have to wait for banks to open to get the redemption amount? + +Does anyone have clarity on this? +ITC has not given any returns to investors in the last 5 years while the Nifty has gained 27% what do you guys think about the future of ITC? Do you feel one must remain invested or move to another FMCG like HUL or Dabur which has delivered much better returns? +Hey, + +Happy Easter everybody. + +I have to apologize for making a post about BCGšŸ’© but I am shocked to the pile of non sense that they tweet from the official account. + +I mean, it is so bad that I don't want even to comment to argue about how stupid is what they post because this will give them more credibility. If I was working for this company I would go straight to CEO to say that these make the company look like šŸ¤”. I was feeling like that for a while but the below tweet made me burst. + + +https://twitter.com/BCG/status/1515670666577649671?t=lOOyG51T6Khvd6wbS7IDBg&s=09 + +Seriously? This is your advice? Remember to raise prices to maintain your margins? + +IMO they are bragging... If they were afraid that their clients will go away they wouldn't publish BS like that. However when your own people hire you its another story. +We've recently put our house on the market and some close friends are probably going to put in an offer with our estate agents. We're expecting multiple offers and it will probably go to best and final. + +I'm a bit weary about mixing finances and friendships but at the same time we're doing everything above board going through an estate agent and they are our friends at the end of the day. Plus if they do put in a decent offer then it would make moving day a hell of a lot easier. + +Basically I'm looking for peoples experiences and opinions around this. Do you think its best to discuss various scenarios up front with them before it goes to best and final? stuff like what happens if the banks valuation is lower than the offer price ect? +[12 months ago I wrote here that Litecoin had delivered its 100 millionth transaction over 10 years](https://np.reddit.com/r/CryptoCurrency/comments/rt1mcr/litecoin_delivers_100000000th_transaction_today/). [In just one year it added to that very large base another 39% increase in transactions](https://blockchair.com/litecoin). Off chain stats tell a similar story with the oldest crypto payments processor [BitPay seeing growth of Litecoin to 27% of all payments](https://bitpay.com/blog/litecoin-payments-on-the-rise/), just shy of exceeding the share of all other altcoins on the platform COMBINED. Before Litecoin was added, Bitcoin was well over 50% share while eth and bch managed around 11%. Litecoin changed the game. + +&#x200B; + +[Google bitpay stats for monthly share updates](https://preview.redd.it/sfusaxz4h99a1.jpg?width=1540&format=pjpg&auto=webp&s=e691d304b25d297ac03ad9bb9cae72b2f13bf471) + +For years I've heard people downplay the importance of payments, they were less sexy than smart contracts, yesterday's news, but everything moves in cycles. [The cycle where litecoin outperforms smart contracts has already begun, those chains are bleeding against ltc](https://np.reddit.com/r/CryptoCurrency/comments/zi8tyb/litecoin_vs_the_ethkillers_a_david_goliaths_story/). That's the inflection. Since Litecoin didn't outperform in the '21 bull market, and thus didn't take on long leverage it has to work off now, will there be short leverage, thanks to Mike Novogratz's buddies that it gets to work off in the other direction? What happens next year as we approach litecoin's 3rd halving? + +All we can do is look back. It's not predictive, but it is informative. In 2015 coming out of the first cryptowinter, litecoin 7x'd outperforming everything early in the cryptothaw. In 2019 it did similar 6x'ing against the grain and with Mike Novogratz openly shorting it (I suspect he and his will be less open about what they're doing this time). In neither instance was litecoin's payment dominance so pronounced. It's infrastructure was better than average back then, it's incredible now. + +I absolutely believe litecoin deserves outperformance this year more than anything else out there, partly because of how much it has outperformed on adoption and how much it's underperformed in investment. [Litecoin is Deep Clucking Value.](https://np.reddit.com/r/CryptoCurrency/comments/r23ufg/litecoin_is_deep_clucking_value_an_exhaustive_and/) Some will say fundamentals don't matter, it's all just a casino, but I believe while markets are a popularity contest in the short run, in the long run they're a weighing machine. LTC's network has performed like a boss in every fundamental, adoption above all. Will the market give it what it deserves? Buckle up for 2023, we're about to find out. +[https://www.dodl.co.uk/](https://www.dodl.co.uk/) + +Just created my account. It offers: + +* S&S ISA +* S&S LISA +* SIPP +* GIA + +Fees: 0.15% (OCF not included) - No dealing fees + +Investment range + +* Some premade active funds from AJBell (haven't looked into those) +* Specific major stocks +* And hidden into their "Themed investments" and fancy names are hidden the index trackers. + +I was initially disappointed when seeing no good index trackers, but after finding them (you need to check into the Key Investor Info to see which actual fund it is), they are actually pretty good chosen! There's just a single one for each theme, but they are mostly well chosen with very low fees. Some are iShares, Vanguard, Fidelity... + +There's also some more trend indexes and also bonds. + +All in all, it's pretty solid I'd say. Specially for newbies, but also if you don't care that much about the specific fund, the choices are decent in terms of fees! + +Also they offer LISA, so this account straight up beats HL (obviously with a smaller range). + +I personally I happy with it, and seriously considering the move of my LISA. +https://www.wsj.com/articles/luckin-coffee-probe-concludes-chairman-knew-or-should-have-known-of-fabricated-transactions-11593953644 + +An investigation into the accounting misdeeds at Luckin Coffee Inc. has concluded that the companyā€™s chairman knewā€”or should have knownā€”about the fabricated transactions that inflated the Chinese coffee chainā€™s sales last year, according to a person familiar with the matter. + +A report detailing the internal probe also said that Charles Lu, Luckinā€™s co-founder and chairman, didnā€™t fully cooperate with the investigation, the person said. + +The monthslong probe was conducted by a special committee of Luckinā€™s board with the assistance of law firm Kirkland & Ellis LLP. It found evidence that Mr. Lu had knowledge of certain related-party transactions that werenā€™t properly disclosed, the person added. + + +Mr. Lu, in an emailed response to a request for comment, said: ā€œRumor! Not true!ā€ A Luckin Coffee spokesman declined to comment. + +WSJ NEWSLETTER + +What's News +A digest of the day's most important news to watch, delivered to your inbox. +What's News +I would also like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time.I agree to the Privacy Policy and Cookie Notice. +SIGN UP +Three-year-old Luckin, an upstart rival to Starbucks Corp. in China, listed on the Nasdaq Stock Market in May 2019. It revealed just 11 months later that more than $300 million of its 2019 sales were fabricated. The companyā€™s American depositary shares are in the process of being delisted from the exchange, and Luckinā€™s market capitalization has fallen below $1 billion, from more than $12 billion in January this year. + +The Wall Street Journal reported in May that a group of Luckin employees began creating fake sales transactions before the companyā€™s IPO, by booking sales of vouchers that could be exchanged for cups of coffee. Some of the vouchers were purchased by individual accounts, but the vast majority were bought during the second half of 2019 by a number of little-known companies, many of which had links to Mr. Lu, according to documents reviewed by the Journal and people familiar with the matter. + + +In addition, a company with ties to Mr. Lu was recorded in Luckinā€™s systems as a supplier of raw material and received payments from Luckin that were approved by its former CEO, Jenny Qian, the Journalā€™s reporting showed. + +On Sunday afternoon, a crucial Luckin shareholder vote took place in Beijing that crystallized a fight for control of the companyā€™s board. Mr. Lu, whose status as Luckinā€™s controlling shareholder has been under threat, had put forth resolutions to remove four directors, including himself and representatives of two other Luckin shareholders, and replace them with his nominees. The result of the vote wasnā€™t immediately known. + +Last week, Luckin said an internal probe into the accounting misconduct was substantially complete, and that sales were inflated from April 2019 through the fourth quarterā€”confirming the Journalā€™s earlier reporting. + +The company said it has decided to terminate a dozen employees who reported to Ms. Qian, the former CEO, or former chief operating officer Jian Liu and who knew of or took part in the scheme, and subject another 15 employees to ā€œdisciplinary actions.ā€ + +Luckin said funds supporting the scheme were funneled to the company through a number of third parties associated with its employees or related parties. It said 1.34 billion yuan ($190 million) in costs and expenses were inflated last year, and it is in the process of ā€œterminating relationships with all third parties involved in the fabricated transactions.ā€ + + +The company didnā€™t detail Mr. Luā€™s role in the scheme, but said directors proposed to remove him at a board meeting last week based on ā€œdocumentary and other evidence identified in the Internal Investigation and its assessment of [his] degree of cooperation in the Internal Investigation.ā€ + +Mr. Lu managed to retain his seat last week, as the board needed a two-thirds majority to push Mr. Lu out. Three of its eight board members who are also executives of Luckin voted against Mr. Luā€™s removal, according to the person familiar with the matter. + +On Sunday, the extraordinary general meeting that Mr. Lu called to reconstitute Luckinā€™s board was held in a sprawling commercial complex guarded by tight security. Journalists were barred from entering and told by security guards not to congregate. + +Mr. Luā€™s control over the company is in doubt as creditors including Credit Suisse Group AG have moved to seize and sell a chunk of his shares to recoup a $533 million margin loan that he defaulted on. + +A court in the Cayman Islands last month granted an application by banks to wind up entities holding Luckin shares owned by Mr. Lu and his sister, and another related court hearing is scheduled for July 6. + +A representative from KPMG, the court-appointed liquidator, attended the shareholder meeting in Beijing, according to people familiar with the matter. +[Amount will increase from 6 December](https://www.natwest.com/savings/manage-your-savings/savings-interest-rates-changes.html). Up from 5% on Ā£1000 at present. + +Still limit of Ā£150 a month maximum pay in, but if you've already got to Ā£1000, make sure to put in Ā£150 by end of November and start your new Standing Order for Ā£150 a month up. + +Round Up savings do not count towards the Ā£150 limit so worth turning this on too on your current account at the double level to get to the Ā£5K as quickly as possible. Paid interest also doesn't count towards the Ā£150. +24 years old so Non student loan ofc. Had 8.1k left to clear the balance. Got my christmas bonus along with some money I had saved up and just paid it off this morning. Feels good :) just wanted to scream and shout about it I guess! + + +##### Citadel Advisors Llc ownership in GME / GameStop Corp. + +2022-02-14 - Citadel Advisors Llc has filed a 13F-HR form disclosing ownership of 120,085 shares of GameStop Corp. (US:GME) with total holdings valued at $17,819,000 USD as of 2021-12-31. Citadel Advisors Llc had filed a previous 13F-HR on 2021-11-15 disclosing 0 shares of GameStop Corp. at a value of $0 USD. + +Citadel Advisors Llc has a history of taking positions in derivatives of the underlying security (GME) in the form of stock options. The firm currently holds call options representing 1,330,900 of underlying shares valued at $197,492,000 USD and put options representing 1,606,300 of underlying shares valued at $238,359,000 USD . + +And other notables are Goldman Sachs Group Inc. added 346,6665 shares of total 449,685. + +Charles Schwab Investment Management Inc. sold 94,720 shares but still owns 344,370 shares. + +Morgan Stanley sold 73,554 shares and remaining 83,750 shares of GME. + +Blackrock Inc. and State Street Corp added 48,689 and 49,360 shares their previous holdings. + + + +&#x200B; +So I have been interested in Snowflake for some time and have withstood the temptation to buy their IPO. Now I am still considering them, mainly for the following reasons: + +* No matter who I talk to, they seem to have a great opinion of their technology and think that they can sustain a competitive advantage over the near future +* Their CEO has a remarkable track record creating valuable companies with outstanding products - so, apparently a good combination of a sense for product and for distribution +* Their S1 financials have the traits that I'm usually looking for in a tech stock; not very big yet, but fast revenue growth and improving margins + +Anyone care to play devil's advocate, especially on the first two points? +Options are going rocket tomorrow. They beat their earnings estimate. And fruitful outlook. + +Spread still looks good. Just be careful with these IV spikes. + +Anyone opening up or buying positions tomorrow? + +Positions: 1k AMC shares, 3/19 $25 calls, 4/23 $12 calls. I like the stock, I like the company. This is not financial advice. + +------------- + + +EDIT: oh wow this post took off šŸ˜‚ + +Thank you all for the upvotes, Karma and awards! Much appreciated! + +Didn't mean to stir up controversy in bringing up a "meme" stock on here. Was just curious what everyone's plays are, given the unusual options environment these stocks are in. + +----- + +EDIT #2: everyone chill. We are all well aware of IV crushes post EC. And for those of you worried about my 3/19 call, even with IV crush, I netted a 35% return. Going to sit on the 4/23 calls and the shares for now. Cheers everyone šŸ˜Š +I own one side of a duplex out of state, it's managed by a reputable property management company. Several months ago I received an email from them saying that there was a large plumbing issue that had to be addressed immediately - the main line collapsed and needed fixing ASAP. They had talked with the owner of the other side of the duplex and verbally agreed to share the bill. They called a plumbing company and fixed it. All of that was done without my knowledge before they had a chance to tell me because of the urgency. I was billed for the job, and my PM has been trying to get the other owner to pay me back half the bill. + +Now we're months later and the other owner is unresponsive. My PM gave up on trying get them to pay their 5k. I'm very annoyed that my PM let something this big go by without a written agreement. + +Would it be fair for me to put the responsibility on my PM for how thye handled it, or do I just need to suck up the fact that I lost that money and it's not their fault? +I live in an area with high home costs compared to rent. A $300k home will rent for \~$1300-$1500. My wife and I plan on moving and we wanted to keep our current residence as a rental. I'm hoping to get some help on how to think about this. If we were going straight in as investors, I'm understanding that since this property does not come close to the 1% rule, the risk/reward equation is not where I want it to be. However, since we are already in the property, is there another way of looking at the equation that changes that? + +Does that fact that we only had to put 5% down or maybe that the closing costs have already happened change anything? +Any chance I can get approved for a home around 350-400k in NC? Have 10k down ready but also have another $5k aside for emergencies and other things like fixing the house +I have a 760credit score. 27 years old. First time home buyer. Make around 70k a year +Want to see if I could be approved and if not what suggestions would you guys think +Sorry if this isn't the right place to post this but I'm not sure where else this belongs. So basically my company, which relies heavily on seasonal summer labor, has decided to defer giving anyone a paycheck for two weeks and is adding it on to the next one, even though they gave all employees a handbook that explicitly states we would be paid on May 27th for the dates between May 7th and May 20th. I understand this may be somewhat common amongst industries that rely on seasonal labor but the fact that the explicitly told all employees, in writing, that we would be paid on a certain date for the hours accrued in a given range, sounds like they have a legal obligation to fulfill. + +*** +EDIT: Just got home from work, didn't expect such a response. THIS IS NOT A MATTER OF BEING SHORT ON CASH, IT IS A MATTER OF UPPER MANAGEMENT BEING LAZY. Apparently this is normal practice for this company, but I had just never had the chance to work during this specific period each of the last three years because I was still in school at that point. + +So if everyone could get off the herp derp OP you won't be paid ever train, that would be great. I'm almost tempted to post an update picture in two weeks to prove that I was paid, but I don't care enough to post possibly self-identifying information or information of the company on the internet just to prove the choir wrong. I will, however, be contacting my county and/or state labor committee tomorrow to check the status of this and see if I have a case to get my paycheck for the previous period sooner. + +They are under contract with many, many other clients that have a strict obligation to pay them, and they are under contract with employees as well. I never said they were a morally perfect company, but it is what it is and I like the work I do and I'm getting paid enough to keep me happy. There is no question the company will stay in business, and there is no question that I will be getting paid the rest of the summer. I just wanted my first check now instead of two checks stacked into one in 2 weeks. +From my research and interpretation, it looks like I can withdraw any amount tax free and penalty free at any time, as long as the amount doesnā€™t exceed the total amount Iā€™ve contributed. Is this true? +Looking for advice on my roth portfolio. I am 21 and was planning on setting it up as follows: + +VTI - %30 + +SPYG- %30 + +SCHD - %20 + +DGRO - %10 + +SCHY - %10 + +Should I add or change any of the holdings and should I change the percentages? +See [spreadsheet](https://docs.google.com/spreadsheets/d/1DMrgu1lZ9GUgwIq6P5XBy6Q9tRkTZOUZjwjVExT71rw/edit#gid=0) + +I would love to get this groupā€™s advice on setting up a real estate debt snowball for my portfolio. Iā€™m at the point where I donā€™t want to purchase any additional properties, but Iā€™m still a couple of years away from retirement so my W2 income can cover our bills. Fortunately, my real estate portfolio is throwing off some fairly nice cash flow ($7k-$8k/month). I could put it in the stock market, but I really donā€™t want to increase my stock exposure right now. So I thought about a debt snowball, but not sure how to set the right prioritization criteria. The fundamental trade-off is duration vs interest rate. I have a few loans with long-term durations (20-yr to 30-yr terms), but many with short-term durations (5 years). The rates are actually pretty good ranging from 3.5% to 5.5%. It seems crazy to pay off 3.5% money though. I also have a line of credit that cuts across several properties. It could make sense to pay that off because the payment will decrease, but again that is 4.168% money. + +All the properties I want to keep long term and are performing well. Properties #1-#3 and #27 are my appreciation plays which means it is only break even cash flow. The rest of the properties cash flow quite nicely. I could pay off those properties, but each one of them have 20-yr fixed rate loans. + +Iā€™m also a little concerned that when I retire in a couple of years, it may be difficult to refi the 5-yr loans. My income would be around $150k/year and I should have $3m in liquid assets. + +I did calculate a faux ā€œcash-on-cashā€ return calculation in the spreadsheet. This basically takes the annual mortgage payment and divides by the mortgage balance. The thinking is if I deploy $x funds to payoff the loan balance I get $y amount in additional ā€œcash flowā€. + +Anyway, any advice would be appreciated. Thx +Received this letter in the post today, and wanted to get others' thoughts on the situation... + +I'm in IT (Software Engineering), and actually thought my deductions were reasonable and can be justified. + +Is this just a hollow threat, or is there something to it? +Are there others here in the same or similar fields that have the same level of deductions? + +https://i.imgur.com/kZ7x4On.jpg +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing Tips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to [start a new discussion](http://old.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers are [not allowed](http://www.reddit.com/r/personalfinance/about/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). +Pros + +1. Market leader in India, only airline which has been continuously profitable +2. It had quite large cash reserves before the crisis to allow it to ride this out +3. Indian airline will most definitely continue to grow in long term +4. Current crisis could shutter competitors like Spicejet which were already on the edge and force Tata to exit one of its two airline stakes (Vistara and Air Asia) +5. Increasing international routes +6. No exposure to Boeing Max +7. Known to be diligent and out of the box at cutting costs + +Cons + +1. Main promoters have 37% share each who are at war with each other +2. Allegations of corporate misgovernance. Ironically the fact that both promoters are at odds with each other should keep both of them on their toes and reduce risk of fraud +3. Airline industry is quite difficult in general +4. Very large pending order with Airbus. Needed to refresh anyway but also a risk of overcapacity if the market doesn't grow as expected. Cancellations are quite expensive. +5. P&W Engine trouble history. Although I heard they are changing vendor for newer planes, there a continuous grounding risk from DGCA. i do hope they use the grounded time now to replace all engines ASAP. +&nbsp; + +&nbsp; + +&nbsp; + +#[Look at yourselves, you pass yourselves off as cynical people, but you still have faith in the system](https://youtu.be/xy7_uus1aSo?t=79) + +#TLDR: Compilation of banks who are involved in the gamestop saga, and people/companies connected to it. + +&nbsp; + +I have been putting off quite a lot of things making this, but it's the least I can do compared to how much RC is [working so hard for the company behind the scenes.](https://www.reddit.com/r/Superstonk/comments/oqtyp4/i_seriously_wonder_if_what_rc_meant_to/) + +This is not financial advice, not DD, not presenting any of this as fact, just one big ass list. The 40,000 character/post is limiting me, so I'll have to break it up into parts. I started with the banks, so PT 2 is first. Let the sources speak for themselves + +PT 1: Hedge Funds, Market Makers, Brokers, and the DTCC + +PT 2: Banks + +PT 3: Central banks, The Federal Reserve, Ex and current government officials, and BlackRock + +[Some music to get your tits jacked](https://www.youtube.com/watch?v=v2AC41dglnM) + +&nbsp; + +&nbsp; + +_____________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + +#[Yo dawg, I heard you like derivatives](https://imgur.com/gallery/8LqE8VQ), but [do you like $189T worth of derivatives?](https://www.reddit.com/r/Superstonk/comments/oyyour/heard_you_like_some_derivatives_but_do_you_like/) + +#The Bigger Short.[1] + + [How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash.](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect. + +>This is not a **"retail vs. Melvin/Point72/Citadel" issue. This is a "retail vs. Mega Banks" issue. The rich, and I mean all of Wall Street, are trying desperately to shut GameStop down because it has the chance to suck out trillions if not hundreds of trillions from the game they've played for decades.** + +#[The Bigger Short](https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/)[2] + +&nbsp; + +Wall Street's cooked books fueled the financial crisis in 2008. **It's happening again** + +ā€œOverall,ā€ they write, ā€œactual net operating income falls short of underwritten income by 5% or more in 28% of loans.ā€ This was just the average, however: Some originators ā€” including an unusual company called **Ladder Capital as well as the Swiss bank UBS, Goldman Sachs, Citigroup, and Morgan Stanley ā€” were significantly worse, ā€œhaving more than 35% of their loans exhibiting 5% or greater income overstatement.ā€** The below graph from the paper illustrates just how prevalent this issue is with some of Wall Streetā€™s biggest names: + +#[They're still doing the same shit that caused the 08' Recession](https://www.swfinstitute.org/news/87324/new-mexico-state-investment-council-files-antitrust-lawsuit-on-alleged-rigging-of-cds-market-against-global-banks) + +>New Mexico State Investment Council Files Antitrust Lawsuit on Alleged Rigging of CDS Market Against Global Banks + +>The New Mexico State Investment Council filed a antitrust lawsuit claiming Bank of America Corporation, Citigroup Inc., Goldman Sachs Group Inc., and other top financial institutions rigged the credit default swap market by manipulating a key benchmark. The complaint was filed in the U.S. District Court for the District of New Mexico. In the proposed class action other targeted banks include Barclays Plc, BNP Paribas SA, Credit Suisse Group AG, Deutsche Bank AG, JPMorgan Chase & Co., Morgan Stanley, Natwest Group Plc, and three industry groups. + +&nbsp; + +[Pandemic relief supported the biggest banks through the downturn](https://www.minneapolisfed.org/article/2021/pandemic-relief-supported-the-biggest-banks-through-the-downturn) + +>Our analysis shows that federal stimulus helped banks avoid as much as **$300 billion in loan losses.** Put another way, this indirect support from government programs allowed banks to avoid the worst of the economic shock in the first place. **-Federal Reserve Bank of Minneapolis** + + + + + +&nbsp; + +&nbsp; + +&nbsp; + +_____________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + + +#[BofA](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/)([deez NUTZ](https://www.youtube.com/watch?v=HHFFdy2NSdE)) + + + +On April 16th Bank of America issued a [$15 Billion dollar bond](https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409). Now given they had an extremely strong quarter, why would BofA need the additional collateral? + + +Let's check what Citadel says about its Prime Broker [here](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463) + +&nbsp; + +BAML (which stands for BANK OF AMERICA MERRIL LYNCH) or now BAC is the prime and clearing broker for **96.69% of all the net derivative assets of Citadel Securities? They are holding the 57.6 Billion Bag on Citadel Poo... 32,386 Billion of it in options, with a ton of those, are going to explode in their face or be worthless.** + +&nbsp; + +BofA deez nuts [terminates coverage of GME](https://imgur.com/5SakjnE) + +&nbsp; + +Bank of America May Offer to Sell Up to [$123B of Debt Securities, Warrants, Purchase Contracts, Preferred Stock, Depositary Shares](https://www.reddit.com/r/Superstonk/comments/owgbq2/bank_of_america_may_offer_to_sell_up_to_123b_of/) + +&nbsp; + +[Why big name banks like Bank of America, JP Morgan Chase, Citigroup and more were excluded from bonds sales in the EU, and what banks have been doing for YEARS to manipulate the market to fuck everyone else over](https://www.reddit.com/r/Superstonk/comments/o0hey8/why_big_name_banks_like_bank_of_america_jp_morgan/) + +>Basically, Bank of America, Merrill Lynch, CrĆ©dit Agricole, and Credit Suisse all aligned their trading activities in such a way that **they acted as a SINGLE entity**(**Remember that**) to manipulate the bonds market in April 2021 and got caught for it and fined. But remember, these were just the banks that GOT CAUGHT doing this. With the EU recently barring more big banks like JP Morgan & Chase and Citigroup from participating in their bonds sales it looks like they are suspicious of them as well in corroborating in market collusion to a similar degree. + +&nbsp; + +[EU freezes 10 banks out of bond sales over antitrust breaches +Big names involved in past market-rigging scandals barred from lucrative recovery](https://www.ft.com/content/130cf192-8fe0-4edb-a962-2625107eae2f) + +>**Bank of America, Natixis, Nomura, NatWest and UniCredit** have been prevented from taking part because of a commission antitrust ruling last month that they participated in a bond trading cartel during the eurozone debt crisis a decade ago. + +>**Citigroup, JPMorgan and Barclays ā€” in addition to NatWest** ā€” have also been barred following a finding two years ago that they were involved in manipulating currency markets between 2007 and 2013, people familiar with the matter said. **Deutsche Bank and CrĆ©dit Agricole** are also excluded because of an April ruling that they were involved in a different bond trading cartel, the people said. All the banks declined to comment. + + +&nbsp; + +&nbsp; + +&nbsp; +____________________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + +#[Credit Suisse](https://www.wsj.com/articles/inside-credit-suisses-5-5-billion-breakdown-archegos-11623072713)/[Archegos](https://www.cnbc.com/2021/03/29/the-archegos-blowup-and-its-ripple-effect-across-markets.html) + +>Hwang went to work for Robertson's Tiger Management. Robertson closed his hedge fund in 2000, but handed Hwang about $25 million to launch his own fund, **Tiger Asia Management**, which grew to over $5 billion at its peak. Robertsonā€™s former proteges are known as the **Tiger Cubs**, and Hwang was considered one of the most successful among them. + +>The stunning implosion of Archegos Capital Management, whose speculative bets roiled Wall Street, is now expected to cost Credit Suisse an even 5 billion francs **($5.5 billion), wiping out in one fell swoop five years of profits at its investment banking division.** + + +&nbsp; + + +&nbsp; + + + +[Credit Suisse Sells $3.75 Billion of Debt Amid Archegos Cleanup](https://www.bloomberg.com/news/articles/2021-08-02/credit-suisse-to-sell-u-s-dollar-bonds-amid-archegos-cleanup) + +>The losses and a subsequent pullback in risk weighed on results, with the **firmā€™s first-half profit dropping 99%** from a year earlier. The fallout also prompted Moodyā€™s Investors Service to cut the credit rating of the unit housing its investment bank and wealth manager. Credit Suisseā€™s new chairman said heā€™s conducting a strategic review that may chart a new course for the lender. + +The offering follows debt sales from **Bank of America Corp., Morgan Stanley and Goldman Sachs Group Inc. among other Wall Street firms last month.** + + +&nbsp; + + +&nbsp; + + +[Wut Doing Credit Suisse?](https://www.reddit.com/r/Superstonk/comments/ox7p7a/wut_doing_credit_suisse/) + + +>"116 In January 2021, an historic rally in GameStop Corp. shares sent the companyā€™s stock price from $19 at the beginning of the year to an intraday high of [**$483 on January 28, a surge of over 2500%.**](https://preview.redd.it/hj1gdegjt5f71.png?width=770&format=png&auto=webp&s=1736beaf00a9922c849eb2b2242af1f670d19331) The rally was thought to be driven in part by enthusiasm generated on internet forums. At the same time, numerous large investors held short positions in GameStop stock, and demand for shares among short investors seeking to exit their positions drove the share price even higher. Among other things, the episode highlighted the danger that concentrated exposure to the **idiosyncratic risks of a particular stock could lead to significant trading losses**." + +&nbsp; + +VIA THE DTCC: ā€œThe largest deficiency incurred during the quarter was mainly driven by a **single security exhibiting** [**"idiosyncratic risk.ā€**](https://www.reddit.com/r/Superstonk/comments/o6i0xn/via_the_dtcc_the_largest_deficiency_incurred/) + in regards to their massive margin breach Q1 (3x the previous record). See PG 6. + +&nbsp; + +&nbsp; + +&nbsp; + +____________________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + +#[JP Morgan Chase](https://www.reddit.com/r/Superstonk/comments/oauenv/found_out_why_the_lights_are_on_at_jp_morgan_in/)/[BNY Mellon](https://www.reddit.com/r/DDintoGME/comments/o18t8a/bny_mellon_are_citadels_clearing_bank_for/)/[Morgan Stanley](https://www.reddit.com/r/Superstonk/comments/n0i5et/notice_of_liquidation_ie_morgan_stanley_and/) + +>EuroApe here looking at Euro stuff. So it looks like JP Morgan have been using their weekends to borrow money, filing several charges as recently as Friday, And from who you ask.... + +>BNY Mellon - the same crazy cats that I previously discovered had Citadel Europe by the balls and all of their assets as collateral. + +>Here is a link to where their registered charges are listed: [JP Morgan Securities PlC - Registered Charges](https://find-and-update.company-information.service.gov.uk/company/02711006/charges) + +>Example from one of the charges [here](http://imgur.com/gallery/M7AH48y +) + +&nbsp; + +>[NOTICE OF LIQUIDATION OF THE JPMORGAN INTERNATIONAL ADVANTAGE FUND.](https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/supplemental/news-and-fund-announcements/international-advantage-fund-liquidation.pdf) + +>apparently it's old news. + +>"Supplement dated **January 28, 2021** to the Summary Prospectuses, Prospectuses and Statement of Additional Information dated March 1, 2020, as supplemented" + +&nbsp; + +DTC Membership Update: Effective with the close of business on July 13, 2021 JPMorgan Chase Bank, National Association, #0902, [will retire the following account: JPMORGAN CHASE BANK/CORPORATE MUNICIPAL DEALER.](https://www.reddit.com/r/Superstonk/comments/ojk8wc/dtc_membership_update_effective_with_the_close_of/) + +&nbsp; + + +[Jamie Dimon](https://www.reddit.com/r/Superstonk/comments/nljyoi/jamie_dimon_ceo_of_jpmorgan_chase_with_a_smug/) - CEO of JPMorgan Chase - with a smug fucking grin after [being grilled by Elizabeth Warren about their collection of overdraft fees.](https://www.youtube.com/watch?v=MDKfCGlCHWQ) Fuck these assholes. + +&nbsp; + +[ā€œSo weā€™ve kind of bifurcated the economy.ā€œ](https://www.cnbc.com/2019/03/18/jamie-dimon-says-weve-split-the-us-economy-leaving-the-poor-behind.html) + +&nbsp; + + +[JPMorgan and Morgan Stanley after hours](https://www.reddit.com/r/Superstonk/comments/oyu48o/jpmorgan_and_morgan_stanley_after_hours/) + +&nbsp; + +Am I reading this correctly from 04/13/21? [Citadel Europe needs cash, signed with BANK OF NY MELLON for a "line of credit", and agrees to full seizure if "either prior to, or subsequent to a default"](https://www.reddit.com/r/Superstonk/comments/o13686/am_i_reading_this_correctly_from_041321_citadel/) + +Well, considering this happened 2 weeks later lol: [Citadel Securities Luxembourg dissolved 4/30/2021](https://www.reddit.com/r/Superstonk/comments/o0n955/citadel_securities_luxembourg_dissolved_4302021/) + +>TLDR: The Bank is granting Citadel Europe a larger line of credit. The bank in return has the right to request collateral of any kind and if citadel Europe fails to deliver (aka failed margin call), the bank can sell / close / transfer to their own accounts any position or asset to cover the line of credit without any prior notice. + + +Data Alert! Eight firms were required to submit targeted resolution plans by July 1: [**Bank of America Corporation; The Bank of New York Mellon Corporation; Citigroup Inc.; The Goldman Sachs Group, Inc.; JPMorgan Chase & Co.; Morgan Stanley; State Street Corporation; and Wells Fargo & Company.**](https://www.reddit.com/r/Superstonk/comments/onmxr9/data_alert_eight_firms_were_required_to_submit/) + +&nbsp; + +[The Catastrophic Correlation Between Union Bank, Morgan Stanley, and Archegos Capital.](https://www.reddit.com/r/Superstonk/comments/mvcgf2/the_catastrophic_correlation_between_union_bank/) + +>So today we saw that Union Bank had confirmed to closing over 400 locations. This can be seen through the following [post](https://www.reddit.com/r/Superstonk/comments/mv6k4z/union_bank_confirms_emergency_closing_of_over_400/) + +>The reason this is very fascinating to observe is because it reveals a much deeper image of their collapsing empire. How does it do that you ask? Well, if you look at the Parent company of **Union Bank** it turns out it is: **MUFG Bank.** + +&nbsp; + +[Dutch criminal authorities ask Morgan Stanley for documents related to tax probe](https://www.reuters.com/business/dutch-criminal-authorities-ask-morgan-stanley-documents-related-tax-probe-2021-08-02/) + +>Morgan Stanley in its quarterly report said the probe followed civil litigation by the Dutch Tax Authority into the bank having taken 124 million euros ($147.21 million)of credits to **reduce its corporate tax liabilities for the [2007 to 2013 tax years.](https://bit.ly/3ih5Igo) + +Could they be illegally reducing their liabilities **RIGHT NOW**? + +&nbsp; + +&nbsp; + +[The big banks just increased their dividends, some doubled them. Come with me and Letā€™s head back to 08](https://www.reddit.com/r/Superstonk/comments/oa371g/the_big_banks_just_increased_their_dividends_some/) + +##[JP Morgan (JPM)](https://seekingalpha.com/article/4442972-jp-morgan-growing-dividend-once-again-worth-a-buy) + +During the years prior to the 2008 crisis, JP Morgan (JPM ) offered a dividend yield around 3%. By 2008, as JPMā€™s share price began to crumble, its yield rose above 4%. By February of 2009, JPMā€™s yield dropped to just 0.55% when the company cut its dividend for the first time since 1990 from 38 cents to 5 cents per share quarterly. This drastic change came as a surprise to many investors. Although many banks had recently slashed dividends, JPM was still considered one of the most stable investment banks, and was one of the last to cut its payout. + +This dividend reduction came soon after the company received $25 billion in TARP bailout funds. JPMā€™s CEO Jamie Dimon reported that the cut was unrelated to the bailout, and said that this cut was made to allow JPM to have more financial flexibility. The 87% dividend cut helped the bank save $5 billion annually, which freed up capital to repay bailout funds. + +##[Wells Fargo (WFC)](https://www.fool.com/investing/2021/07/13/wells-fargos-dividend-hike-and-stock-buyback-plan/) + +San Francisco-based Wells Fargo (WFC ) kept up with its peers by offering over a 3% dividend yield in 2006 and 2007. In 2008, WFCā€™s yield shot up to 4.5% as its share price fell, similar to other banks at the time. + +Just two months after the bankā€™s purchase of ailing Wachovia in March 2009, the bank cut its dividend 85% from 34 cents to just 5 cents per share, leaving shareholders with a mere 0.70% yield. The cut allowed WFC to save $5 billion a year to help fund its toxic mortgage losses. + +##[Bank of America (BAC)](https://www.businesswire.com/news/home/20210721005800/en/Bank-of-America-Increases-Common-Stock-Dividend-17-Percent) + +Charlotte, NC-based Bank of America (BAC ) traded at around $50 prior to the 2008 crisis, and had a dividend yield that exceeded 5% in 2007 and reached 7% by 2008. The banking giant was historically a great choice for dividend investors, but that all changed in 2009 when the bank was forced to cut its dividend in order to comply with government restrictions after taking TARP bailout funds. + +In 2009, BAC cut its quarterly dividend to just 1 cent per share. This left investors with just a 0.23% dividend yield. Since the dividend cut, BAC has made attempts to raise its dividend, but has failed to gain government approval. + +##Citigroup Ā© + +In 2006, Citigroup (C ) had a dividend yield of about 4% which increased to over 4.5% in 2007. By 2008, the New York City-based bank had a dividend yield of over 7% as its stock price began to fall. In 2008, Citi was bailed out by the U.S. government for the first time and given $25 billion in TARP bailout funds. By February 2009, Citi had received its third government bailout. The government owned one-third of its shares. + +To comply with the government regulations, the bank suspended its dividend entirely from 2009-2010. In March 2011, the company resumed its dividend, offering a yield of just 0.10%, or 1 cent per share. During this time, C also did a reverse stock split of 10 to 1, making its shares worth approximately $44. + +&nbsp; + +[Morgan Stanley doubles its dividend](https://www.cnbc.com/2021/06/28/morgan-stanley-doubles-its-dividend-as-banks-start-to-raise-payouts-following-fed-stress-tests.html) as most banks raise payouts following Fed stress tests + +&nbsp; + +##[Fed to lift COVID-era restrictions on bank dividends, buybacks after stress tests](https://finance.yahoo.com/news/fed-to-lift-covid-era-restrictions-on-bank-dividends-buybacks-after-stress-tests-202925576.html) + +&nbsp; + +##[ECB Lifts Restrictions on Bank Dividends as Economy Rebounds](https://www.bloomberg.com/news/articles/2021-07-23/ecb-to-lift-restrictions-on-bank-dividends-as-economy-rebounds) + +&nbsp; + +##[Canadian banks poised for 13% dividend boost when regulator gives the OK](https://financialpost.com/fp-finance/banking/canadian-bank-dividends-13-percent-boost) + +&nbsp; + + +##["Bank dividends peaked between mid-2007 and mid-2008, just months before the financial crisis boiled over with Lehman Brothers Incā€™s Chapter 11 bankruptcy filing in September 2008."](https://www.reuters.com/article/us-banks-dividend-idUSTRE7043OR20110105) + +&nbsp; + + +#[THINK apes, THINK!](https://imgur.com/gallery/RJ4xJ56) + +&nbsp; + +&nbsp; + +&nbsp; +____________________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + +#Wells Fargo + +Wells Fargo to [liquidate two of its trusts: 'Central Fidelity Capital Trust I' and 'Wachovia Capital Trust II'](https://www.reddit.com/r/Superstonk/comments/nh5ed7/wells_fargo_to_liquidate_two_of_its_trusts/) + +&nbsp; + +Last week, our favorite clown Jim Cramer said he would [buy Wells Fargo](https://www.reddit.com/r/Superstonk/comments/oghre1/last_week_our_favorite_clown_jim_cramer_said_he/) and buy it aggressively. Today, Wells Fargo is withdrawing personal credit. [Jimbo endorsed Bear Stearns 6 days before their bailout saying they would be totally fine.](https://www.youtube.com/watch?v=gUkbdjetlY8) + +&nbsp; + +[Wells Fargo tells customers itā€™s shuttering all personal lines of credit](https://www.cnbc.com/2021/07/08/wells-fargo-is-shutting-down-all-personal-line-of-credit-accounts-.html) + +&nbsp; + +#[Buffett no longer sees long-term profitability in bank stocks.](https://financhill.com/blog/investing/why-did-buffett-sell-bank-stocks) + +Buffett sold all or most of nine of its financial holdings, including: + +Ā· **Wells Fargo (NYSE:WFC) 85,630,213 shares sold** + +Ā· **U.S. Bancorp (NYSE:USB) 497,786 shares sold** + +Ā· **Bank of New York Mellon (NYSE:BK) 7,407,604 shares sold** + +Ā· **JPMorgan Chase (NYSE:JPM) 35,506,006 shares sold** + +Visa (NYSE:V) 575,000 shares sold + +Ā· Mastercard (NYSE:MA) 370,000 shares sold + +Ā· PNC Financial (NYSE:PNC) 3,847,398 shares sold + +Ā· M&T Bancorp (NYSE:MTB) 845,866 shares sold + +Ā· **Goldman Sachs (NYSE:GS) 1,920,180 shares sold** + + +&nbsp; + +&nbsp; + +&nbsp; + +____________________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + +#Gold-man (Ball)Sachs + +Goldman Sachs, [June 30 2021, 10:30PM](https://reddit.com/r/Superstonk/comments/obceip/goldman_sachs_june_30_2021_1030pm/) + +&nbsp; + +["How much of that shitty deal did you sell to your clients?"](https://www.youtube.com/watch?v=whlzFWwVv98) Goldman Sachs Hearing + +&nbsp; + +[Goldman Sachs provides borrowing and lending services to allow institutions to cover their short positions. AKA THEY ARE VOLLEYING THE SAME SHARES BETWEEN EACH OTHER TO RESET FTDS.](https://www.reddit.com/r/Superstonk/comments/oz0l1t/goldman_sachs_provides_borrowing_and_lending/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&nbsp; + +BREAKING: Goldman Sachs & Co [fail to reconstruct AT LEAST 10% of computerized trade data between December 2nd 2020 and January 29th 2021](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/) + +&nbsp; + + +The shill of all shills. [Rep. James Himes, a **former Goldman Sachs** executive, seems to be much more entrenched in the hedgies and their cronies than people seem to realize](https://www.reddit.com/r/Superstonk/comments/n6s6w1/the_shill_of_all_shills_rep_james_himes_a_former/). Here's some highlights from a Times article I just found while investigating this cum rag. Will post source link in comments + +&nbsp; + + +Ex Goldman Sachs trader explains in [90 seconds how brokers earn money off of your trades and why you always lose money](https://www.reddit.com/r/Superstonk/comments/n7rqbp/ex_goldman_sachs_trader_explains_in_90_seconds/). Full video [here](https://www.reddit.com/r/Superstonk/comments/n7lwea/ex_goldman_sachs_trader_explaining_just_how/) + +&nbsp; + +JP Morgan and Goldman Sachs [selling massive amount of bonds](https://www.reddit.com/r/Superstonk/comments/mrm4ms/jp_morgan_and_goldman_sachs_selling_massive/) + +&nbsp; + +GODS OF THE SUN, part 1.1 - Manipulating the meme stock narrative, RCā€™s ā€œSearsā€ tweet, Vulture Funds, Apollo Global Management, who Adam Aron really is, Epstein, [Goldman Sachs](https://www.reddit.com/r/Superstonk/comments/nud0so/gods_of_the_sun_part_11_manipulating_the_meme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), and the TOTAL ECLIPSE of the SUN. (Wow, eh?) + +&nbsp; + +&nbsp; + +>""After watching [Inside Job](https://www.youtube.com/watch?v=T2IaJwkqgPk&t=4486s), and reading criand's [new post](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/), it is clear to me that this collusion between the government and the bankers goes back decades. + +>The call is coming from [INSIDE THE HOUSE.](https://www.youtube.com/watch?v=NzzvzLsTH0Q)Obama picked **Gary Gensler** to the CFTC, a former **Goldman Sachs exec who had [helped ban the regulation](https://youtu.be/T2IaJwkqgPk?t=5990) of derivatives**."" ------My own comment a couple months ago + +&nbsp; + +I'm going to be honest with you Gary, I don't trust you, and your past doesn't look too good. But [I'll give you the benefit of the doubt](https://www.reddit.com/r/Superstonk/comments/oxtx4j/cnbc_full_15_minute_interview_with_garry_gensler/) now, do the right thing here. + + +&nbsp; + +&nbsp; + +&nbsp; + +____________________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + +#[Citibank](https://www.reddit.com/r/Superstonk/comments/mwbp7e/citigroup_is_shitting_in_the_same_pot_as_shitadel/), Barclays + + +[God damn Iā€™ve never seen the banks this lit up before (LONDON)](https://www.reddit.com/r/Superstonk/comments/npjphj/god_damn_ive_never_seen_the_banks_this_lit_up/). **Barclays, HSBC, Citi Bank, KPMG, JP Morgan and One Canada Square**, the whole district is lit up crazy. Something is deffo going down. Banks fucked up. Marge is callin Kenny, pick up the damn phone! + +&nbsp; + +Citibank announces [sale of Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam operations and other regional assets](https://www.reddit.com/r/Superstonk/comments/mrxp75/citibank_announces_sale_of_australia_bahrain/) + +&nbsp; + +[Citigroup Borrowing $5.5 Billion in Latest Bank Bond Offering](https://www.reddit.com/r/Superstonk/comments/mzvcli/citigroup_borrowing_55_billion_in_latest_bank/) + +&nbsp; + +[Barclays Bank cut customer credit card limits...PLEASE UPVOTE](https://www.reddit.com/r/Superstonk/comments/mv6y7b/barclays_bank_cut_customer_credit_card/) + + + + + +&nbsp; + +&nbsp; + +&nbsp; +____________________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + +#CNBC + +look at [this](https://www.youtube.com/watch?v=KjKbM3kjCWg) CNBC host's reaction to blurting out naked shorts. [uh-oh](https://www.reddit.com/r/Superstonk/comments/nsmjqd/me_running_to_superstonk_after_hearing_mellisa/) + +&nbsp; + +In the middle of CNBC's Techcheck on Netflix's 'too hot to handle' plan of hiring ONE person... they show [this](https://www.reddit.com/r/Superstonk/comments/ol2gkq/in_the_middle_of_cnbcs_techcheck_on_netflixs_too/).... why are they so afraid of Gamestop? + +&nbsp; + +Jim Cramer [tells investors to take home run and sell GameStop: 'You've won'](https://www.youtube.com/watch?v=jRHlprpFVPc) + +&nbsp; + +[This POS is calling Apes Communists and Marxist for holding GME. 2 terms in which boomers really hate.](https://www.reddit.com/r/Superstonk/comments/oz8w0g/this_pos_is_calling_apes_communists_and_marxist/) He also adds that Apes hate "the rich". He failed to mention that holding GME has nothing to do with the rich, but rather Apes hate criminals like himself. + +&nbsp; + +Last week, our favorite clown Jim Cramer said he would [buy Wells Fargo](https://www.reddit.com/r/Superstonk/comments/oghre1/last_week_our_favorite_clown_jim_cramer_said_he/) and buy it aggressively. Today, Wells Fargo is withdrawing personal credit. + +&nbsp; + +Jim Cramer says [there won't be a crash](https://www.youtube.com/watch?v=-VccFFQk_1k). Let's not forget the time he went on public TV and told the world in '08 that Bear Stearns was fine, [6 days before their collapse.](https://www.youtube.com/watch?v=gUkbdjetlY8) + +&nbsp; + + +#["Citadel is in great shape](https://www.reddit.com/r/Superstonk/comments/oyswp2/cramer_on_citadel_in_2008_smh/), because they said so. See, this is how it works. it's the way it's played, and guys like me can't even say anything other than they're in great shape. **You can't talk about Citadel**, because if you say they're not, he will say prove it, and if you say he is in great shape and someone listens to you, then **well thats dangerous too.** So this is a crisis of confidence" -Jim Cramer + + +ā€œIf Citadel tells me theyā€™re in great shape, theyā€™re in great shape! If Citadel tells me they want to clap my cheeks, I let em give a standing ovation! If Citadel offers me a soda, Iā€™ll take the Pepsi because they deserve all the coke! Btw do you have any more coke?ā€ + +Itā€™s very clear that you donā€™t fuck with Disney (hu-ha!). He clearly saying without saying that speaking out against Citadel is not something to be fucked with. Kenny has his was and will ruin you in some way shape or form. He openly admits that saying they are in good shape is dangerous, but that he has no choice. Instead he uses an overplay of his statements to try to get the message across that they arenā€™t fine. Something that clearly went right over the reporters head as well. You can see his whole demeanor change when he starts to ā€œget real with herā€. Cokehead fades away to what seems like a time when he was warned not to ever go against Citadel. This video is actually super intriguing once you dive into the subtext of what is coming out of his mouth. Give it another watch, get off his nuts, and just listen to what he says, watch his body language change, and read into what heā€™s saying. + +&nbsp; + +As you can see, CNBC, and especially [JIM CRAMER](https://www.reddit.com/r/Superstonk/comments/nlovio/cramer_why_why_whying_in_higher_quality/) will [lie](https://www.youtube.com/watch?v=jIfixbq_u0Q) and [manipulate](https://www.reddit.com/r/Superstonk/comments/nsyccq/jon_stewart_2009/) it's viewers. + +&nbsp; + +CNBCā€™s [Andrew Sorkin and Ken Griffith](https://www.reddit.com/r/Superstonk/comments/oygctt/cnbcs_andrew_sorkin_and_ken_griffith_pictured/) pictured looking like pals who have just done 2 lines of coke in the bathroom. + +&nbsp; + +u/dlauer's [Interview on CNBC](https://www.reddit.com/r/Superstonk/comments/o28tm9/udlauers_interview_on_cnbc_june_17_2021/) June 17, 2021 + +>they really tried to get him sued lmao + +>[It felt that way](https://www.reddit.com/r/Superstonk/comments/o28tm9/udlauers_interview_on_cnbc_june_17_2021/h25x5fi?utm_source=share&utm_medium=web2x&context=3). I was a bit stunned, the question was very unprofessional, and just searching for a nasty soundbite to get me sued. + +&nbsp; + +another u/dlauer [interview on CNBC](https://www.reddit.com/r/Superstonk/comments/oy4u4t/udlauer_interview_on_cnbc/) + +>[Here](https://www.sec.gov/rules/concept/s70704/citadel04132004.pdf +) is the SEC Comment letter that was written by Citadel in 2004 that Dave /u/dlauer is referencing which discusses conflicts of interest for payment for order flow, and internalization without meaningful price discovery, etc. + +"Citadel Advisors Llc ownership in CCZ / Comcast Holdings Corp., ZONES 2.0% Exchangeable Subor Debentures 11/15/2029 + +&nbsp; + +2018-05-14 - Citadel Advisors Llc has filed a 13F-HR/A form disclosing ownership of Comcast Holdings Corp., ZONES 2.0% Exchangeable Subor Debentures 11/15/2029 (US:CCZ) valued at $60,092,000 USD as of 2018-03-31. Citadel Advisors Llc had filed a previous 13F-HR on 2018-02-09 disclosing shares of Comcast Holdings Corp., ZONES 2.0% Exchangeable Subor Debentures 11/15/2029 valued at of $60,608,000 USD. This represents a change in value of -0.85 percent during the quarter." + +&nbsp; + +&nbsp; + +&nbsp; + +____________________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + +2 things: [DIDI IPO](https://www.businesswire.com/news/home/20210630005559/en/DiDi-Announces-Pricing-of-Initial-Public-Offering), and [ROBTHEHOOD IPO](https://www.wsj.com/articles/robinhood-stock-falls-with-early-investors-set-to-sell-shares-11628177971). + +&nbsp; + +DIDI IPO: + +>The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 47,520,000 additional ADSs at US$14.00 per ADS. + +&nbsp; + +[Didi Chuxing and SentinelOne raised a combined $5.6 billion in their IPOs last week, resulting in hefty fees for Goldman Sachs and Morgan Stanley.](https://www.cnbc.com/2021/07/04/banks-earn-650-million-in-fees-and-stock-gains-from-ipo-flurry.html) ^^cough **PUMP AND DUMP** ^^cough + +&nbsp; + +[A week after](https://seekingalpha.com/article/4445455-didi-stock-performance-since-ipo), on July 12, DiDi announced that regulators had taken down 25 other related mobile apps owned and operated by the company from app stores as well, in what could be termed as a final blow to the gut. This regulatory crackdown took a toll on DIDI ever since the stock debuted, and the **stock is down more than 30% from its IPO price already.** + + + + +>**Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as active joint bookrunners and representatives of the underwriters for the offering. BofA Securities, Inc., Barclays Capital Inc., China Renaissance Securities (Hong Kong) Limited, China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Inc., Guotai Junan Securities (Hong Kong) Limited, HSBC Securities (USA) Inc. and UBS Securities LLC are acting as joint bookrunners for the offering. BOCI Asia Limited, BOCOM International Securities Limited, CCB International Capital Limited, CLSA Limited, CMB International Capital Limited, Futu Inc., ICBC International Securities Limited, Mizuho Securities USA LLC and Tiger Brokers (NZ) Limited are acting as co-managers of the offering.** + +&nbsp; + +&nbsp; + +Any of those names look familiar to you? Did some digging into **Tiger Brokers**, because of Bill Hwang's [Archegos](https://en.wikipedia.org/wiki/Archegos_Capital_Management) connection to a group called the Tiger Cubs. Could they be related? Lets find out. + +&nbsp; + + +[Tiger Brokers Board of Directors](https://ir.itiger.com/corporate/board-of-directors) + +>The companyā€™s founder and CEO, Mr. Wu Tianhua, obtained both bachelor's and master's degrees in computer science and technology from Tsinghua University. Before founding Tiger Brokers, Mr. Wu worked at NetEaseā€™s Youdao for eight years, where he was responsible for core search. Tiger Brokers now counts a team of experienced engineers, technicians and financial personnel from Tencent, Citigroup, Goldman Sachs, Morgan Stanley, Baidu, NetEase, UBS, Interactive Brokers and other world-class companies. + +&nbsp; + +Lei Fang +Director + +Mr. Lei Fang has served as our director since June 2018. Mr. Fang has served as a vice president of Ningxia Rongke since 2016. Before joining us, he worked as regional sales director at **Guosen Securities Co.**, Ltd.ā€™s Beijing Branch from 2007 to 2011, as well as director of business management center and general manager of Majiapu business department from 2012 to 2015. Mr. Lei Fang received his bachelorā€™s degree in international business from China Institute of Defense Science and Technology. + +&nbsp; + +[US hedge fund Citadel banned from share trading on Shenzhen account](https://www.scmp.com/business/markets/article/1846104/us-hedge-fund-citadel-banned-share-trading-shanghai-account) + +>"We can confirm that while one account managed by **Guosen Futures - Citadel (Shanghai) Trading** - has had its trading on the Shenzhen Exchange suspended, we continue to otherwise operate normally from our offices, and we continue to comply with all local laws and regulations," Citadel said. + +&nbsp; + +Lei Huang +Director + +>Mr. Lei Huang is the Chief Executive Officer of US Tiger Securities, Inc. Prior to joining US Tiger Securities, Mr. Huang was the Chief Executive office of Haitong Securities USA LLC, and also served as Chief Compliance Officer and Operation Manager of CICC US Securities, Inc from 2010 through 2018. Prior to that, Mr. Huang served as a Compliance Officer at Morgan Stanley, Lehman Brothers, and Barclays. Mr. Huang also formerly served as a Regulatory Supervisor at the National Association of Securities Dealers. Mr. Huang holds a Masterā€™s degree in Global Financial Analysis from Bentley University. + +&nbsp; + +[Tiger Brokers Review (2020): Is This Tiger King of Brokerages in Singapore?](https://blog.seedly.sg/tiger-brokers-review/) + +The company was founded back in Jun 2014 and is backed by **Interactive Brokers Group Inc (IBKR)**, Xiaomi Inc, the ZhenFund, and Wall Street investment guru Jim Rogers. + +[Well, well, well, if it ain't the invisible cu-nt](https://imgur.com/gallery/3PxLAlx) +____________________________________________________ + +&nbsp; + +&nbsp; + +&nbsp; + + +I was going to continue looking into [ROBTHEHOOD'S IPO](https://www.wsj.com/articles/robinhood-stock-falls-with-early-investors-set-to-sell-shares-11628177971), but now, I'm tired. I'll leave you with this: + +>Robinhood Stock Drops After News of Early Investors Set to Sell Shares +**The investing platform wonā€™t receive the proceeds from the sales** + +&nbsp; + +Of course not, that would be to obvious! ^^cough **PUMP AND DUMP** ^^cough + +>The filing names more than a dozen shareholders who bought notes that could later be converted to shares ahead of the companyā€™s initial public offering. Among the selling shareholders are **tech private-equity firm Andreessen Horowitz, Iconiq Capital LLC, Greenoaks Capital and Ribbit Capital LP.** + +&nbsp; + +Just looking into [Andreeseen Horowitz](https://a16z.com/about/team/), I found this: + +#Note: Each bullet point is from a different team member. + +- Prior to joining Andreessen Horowitz, Kimberly was a consultant at **McKinsey & Company** advising companies on strategy, go-to-market, and operations. She has also spent time at the World Bank in their finance & markets practice, in tech investment banking at Goldman Sachs, and at a journalism non-profit in Bosnia and Herzegovina. + +- Daren was a Data Scientist at SVB Capital where he developed and managed a proprietary data and analytics platform. Before that, he completed financial training programs at **Morgan Stanley and State Street.** + +- he started her career in consulting at **McKinsey** in San Francisco. + +- Prior to joining a16z, he co-founded Frank, a social lending platform that used behavioral economics to make it easy to lend and borrow money with friends and family. He began his career at **McKinsey** & Co, where he was an engagement manager in the TMT practice. + +&nbsp; + +&nbsp; + +[The firm that built the house of Enron](https://www.theguardian.com/business/2002/mar/24/enron.theobserver) + +>**Enron** is the house that McKinsey rebuilt. The brightest minds at the worldā€™s most prestigious consulting firm helped turn the lumbering old-economy gas distribution dinosaur into a new-economy success story envied by every corporation in America. + +&nbsp; + +##[Goldman is Evil but McKinsey is worse](https://www.nakedcapitalism.com/2021/02/goldman-is-evil-but-mckinsey-is-worse.html) + +&nbsp; + +>It is remarkable the way that McKinsey goes from train wreck to train wreck yet manages to depict itself as some sort of Corporate America Zelig: ever on the scene but not doing much of anything in particular. This is despite the fact (for instance) that McKinsey was singularly responsible for the biggest value destroying deal of all time, save maybe Bayerā€™s purchase of Monsanto, which was the Time Warner acquisition of AOL. McKinsey pitched AOL to the Time Warner board five times and the board had the spine to reject it only four times. + +Guess who used to work at McKinsey? Why itā€™s your [favorite transportation secretary!](https://www.theatlantic.com/politics/archive/2019/12/pete-buttigieg-mckinsey/603421/) + +&nbsp; + +&nbsp; + +#ā€For fifteen thousand years, fraud and short sighted thinking have never, ever worked. Not once. Eventually you get caught, things go south. When the hell did we forget all that? I thought we were better than this, I really did.ā€ -Mark Baum in ā€˜The Big Shortā€™. +&nbsp; + +Dear kenny, banks, [wheres our fucking money?](https://youtu.be/ZomwVcGt0LE) Seriously, [just die already](https://www.reddit.com/r/Superstonk/comments/oupkbn/gamestop_twitter_has_a_message_for_hedge_fcks/). Pull yourself up by those bootstraps. [Maybe you shouldnā€™t have bought all that avocado toast.](https://youtube.com/shorts/JFQMyxbMkcs?feature=share) + +&nbsp; + +&nbsp; + +[Let the banks hit the floor!!!!](https://www.youtube.com/watch?v=04F4xlWSFh0) +Hey r/pennystocks!! + +&#x200B; + +Trying my first shot at some DD. I am still learning graphs and things like float, paying attention to volume, etc. Therefore any help on this stock would be appreciated. + +&#x200B; + +$SRGA (Surgalign Holdings) closed today at **$2.50.** + +They are a medical technology company that designs, develops, manufactures and distributes biologic, metal and synthetic implants worldwide. There devices are primarily utilized in orthopedic, spine, sports medicine, plastic surgery and trauma. Here's their website [https://www.surgalign.com/](https://www.surgalign.com/). + +It appears that their primary focus is treating spinal problems. I work as a hospitalist and personally I have to say one of the biggest pains to treat and improve are spinal issues, especially those that develop from long term overuse leading to spinal stenosis, foraminal stenosis, vertebral misalignment. + +What caught my eye is that a large number of **insider buying** occurred on **2/1/2021**. The following purchases were made at **$1.50/share**. + +\-Rich Terry (President and CEO): 1,100,936 shares + +\-Durall Scott (Chief Commercial Officer): 460,884 shares + +\-Lewicki Pawel (Director): 2,012,381 shares + +\-Jeffrey Lightcap (Director): 377,395 shares + +\-Mark Stopler (Director): 108,143 shares + +\-Simpson Stuart (Director): 613,884 shares + +As you can see a decent amount of purchases by some big positions in the business. + +Below is their 10 month graph from [finviz.com](https://finviz.com). Their 52 week high is 5.01 (Feb 2020, just outside the graph, sorry). + +&#x200B; + +https://preview.redd.it/4l8q3b9fekf61.png?width=1281&format=png&auto=webp&s=32fe61bf42bf4b351596b384cb41918ed2a1d818 + +What's interesting is that **Expected Earnings call** is next **Thursday (2/11/2021)**. I'm trying to find out if there is just some big news developing, new products or they simply believe they're gonna kill earnings. + +&#x200B; + +Average **Price Target** is **$5.17** with a range of $4.00 to $8.00. + +I'll update the post as I find more data. I apologize if this isn't the best DD, just trying to gather data into one spot for a penny stock I think might have nice gains next week. Cheers!! + +&#x200B; + +\*\*\*EDIT: So I found one of their products **SImmetryĀ® Sacroiliac Joint Fusion System** that was enrolled into a 2 year study who's results finished November 2020. Here's the study synopsis... + +[https://clinicaltrials.gov/ct2/show/NCT02074761](https://clinicaltrials.gov/ct2/show/NCT02074761) It doesn't seem to show results. Perhaps they had good results and subsequent sales over the past 4 months and have a promising future with this product. + +&#x200B; + +And they have + +**"coflexĀ® Interlaminar StabilizationĀ® device:** The only FDA PMA-approved implant for the treatment of moderate to severe lumbar spinal stenosis in conjunction with decompression." from their website. Digging deeper shows that implantation is only a 3/4 inch to 1 inch incision which is nice and the procedure is only 35-50 minutes but the insane part from my perspective is that it's considered an outpatient procedure. Many of the spinal stenosis procedures can be overnight stays. + +&#x200B; + +Their third up and coming project is " **FortilinkĀ® IBF System with TETRAfuseĀ®ā€Æ3D Technology:** The prospective FORTE study is collecting and evaluating data on 150 patients to explore pain reduction and long-term performance of the technology." + +Study linked below but primary result finish June 30th, 2021 but perhaps they have strong early results. + +[https://clinicaltrials.gov/ct2/show/NCT03761563](https://clinicaltrials.gov/ct2/show/NCT03761563) +I have a large portion of my portfolio in my company stock through an ESPP. I have been investing a quite small amount for the past 6 years to the point where I am sitting at (only) about 30k. I basically set it up and forgot about it and it's just been slowly growing for the past half decade to the point I'm at about $1000/ yr. + +However, doing some quick math you'd find that yield would be sitting in the low 3s + +I do though love the snowball effect I am starting to see though. I've been actively managing it and looking up stocks that I thought were pretty safe for the past year and a half and have moved into positions like KO, T, & ABBV. + +To my main point, I joined this sub fairly recently it seems I've got it all wrong. After doing a bit of research and reading I'm considering selling $10,000 worth of that stock and putting half on QYLD and the other half on VOO. + +$5000 on QYLD would be roughly $500 per year in dividends which I love. +$5000 in VOO would be moving into some growth which seems like a good idea as I'm still in my 20s + +Does anyone have strong opinions on this? Should I do more than $10,000? Do I still have it all wrong? + +Thank you for any and all input. +Hopefully an easy one here. I went out to each for lunch on Monday (12/9). Yesterday when I was reconciling all my accounts I noticed that the posted charge on my credit card statement was $3.15 higher than what it should be. Lunch was $21.85, I tipped the server $5, but the charge on my statement is $30. Not cool, server guy. + +I already called the restaurant and they said they would go through the receipts to check. I plan on calling them on Monday if they don't get in touch with me before that (the restaurant is in a heavy tourist area, I know they're slammed on weekends and anything to do with their bank probably won't happen on a weekend anyway). How long should I give them to fix it before I just dispute the charge on my credit card? + +-edited to be more specific about the extra amount charged since it was causing confusion in the comments. + +2nd edit: I really appreciate all the restaurant staff/managers offering up alternate theories as to how this could have happened and still be an accident. If someone else's tip was added to my bill, this would make sense. It's a bar/burger/sandwich place, so I can see someone having a bill of $10-$12 and tipping $3.15 and then that getting put on my bill by accident (in addition to my tip). When I talk to the restaurant on Monday or Tuesday I might ask if they can just spot me a free drink or something, that way the staff doesn't lose the $3 (somehow I don't think the other customer, if there is one, is going to call in and ask for $3 to be added to his bill) but I come out basically even, and the restaurant itself is only out a beer. +This is for you guys & for myself as well, kind of as a reminder to myself. + +1. Do not treat this as something you can make quick & easy money. Like anything, it has a learning curve & requires time. You coming into this game expecting to be consistently profitable in your first day, week, month, etc is an insult to all the traders that have been doing it for years & havenā€™t yet found their consistency or to all the profitable traders that have put hours on hours into finding their edge, taking losses, making sacrifices, etc. + +2. Focus on the process, not the money in the beginning. Paper trade for a while if you have to or do what Iā€™m currently doing which is trading with just 1 share. If you focus on the money, you will lose. Youā€™re not thinking about what you should be going for if all you have is making money right away. The money will come in time but whatā€™s important in the beginning is the process. + +3. Be self sufficient. You can use chat rooms & all that as an idea generator but do not follow their plans. Make your own plan before you enter a trade. Stick to that plan. If you have a stop loss at a certain price, do not hold past that mark, sell as soon as it touches it. If it happens to bounce back as soon as you sell it, do not buy it again unless itā€™s in your plan. If something is not in your plan, you donā€™t do it. If chasing is not in your plan, donā€™t do it. Stick to that plan & always make one before you enter a trade. Write it out or type it out. Have an entry point, an exit point if the stock goes against you, how youā€™re taking profits if it goes according to plan. Are you taking 100% off at 1.50? Or maybe just 75% at 1.50 & holding the rest to see what it does past 1.50 & selling if it fails. + +4. Cut loss quickly. Youā€™ve probably seen this rule around but itā€™s one of the most important rules if not the most important one to always use. You need to survive in this game. If you blow up, youā€™re out of the game for who knows how long & maybe you donā€™t return at all. + +5. Date stocks, donā€™t marry them. I see a lot of people bag holding these stocks as if the stock owes them something. If a stock gets to your exit point, break up with it right away. Do not hold on to it thinking itā€™s going to change. Forget about whatever you read, forget about all the research youā€™ve done on it. None of it matters, majority of these stocks are bad companies that arenā€™t going anywhere & weā€™re day traders not investors so why are you holding on to the stock? The stock can go the way you want it to if you hold on to it but think about this for a second: You will regret selling a stock & a few minutes later or even a few seconds it turns & goes according to your plan but you will not regret it as much you not selling the stock & it continues to go down by who knows how much. The first regret is not as physically, emotionally & confidence destroying as the 2nd one. The 2nd regret can ruin you & teach you what you shouldnā€™t do. What I mean by teach you what you shouldnā€™t do is that you will begin to think that if you just hold on to a stock instead of sell it where you were supposed to & by some luck it turns & goes the way you wanted it to, you will begin to think that if you do this every time, you canā€™t lose until you have that one big loss that destroys your account & only then will you hopefully learn the right lesson. + +6. Trade small. Thereā€™s a lot of mistakes that youā€™re going to make, some of them you will learn from others but you wonā€™t learn all of them from others. I say to focus on the process for many reasons & one of them is that you need to identify these mistakes. Every time you take a loss or a win, you can learn something from it, maybe you made a mistake that cost you. You now know what this mistake is & can find ways to not make it again. Trading is relative. You may be making $10 every win & losing $5 on every loss but the only thing thatā€™s stopping you from making $100 or $1000 every trade & losing $50 or $500 every trade is extra 0ā€™s at the end of your buy order. Learn how to actually trade first with a small amount before you decide to ramp it up. If you havenā€™t found a profitable setup or are a complete beginner, you starting with 100k or 500k & risking over 5% or something of your account will not give you better odds of being successful at this as opposed to someone starting with 25k. Itā€™s all relative, you may be playing with more size but you will lose & win the same % amount as someone with 25k. + +7. Continuation off 6. You want to avoid mistakes but at the same time you want to face them. Why? Because if you make ā€˜em early in your career when youā€™re trading small, you wonā€™t make as many when youā€™re trading with large size & learning the lesson from these mistakes when youā€™re trading trading with large size will be much worse on your account than when youā€™re just starting off & can afford to take those mistakes if youā€™re trading with small size. + +8. Everyone trades differently. Each & every one of us has a different risk tolerance, different situation, account balance etc. What works for someone might not work for you & maybe it does but you wonā€™t know unless you try it. An indicator may work for one trader but not work for you. Also if anyone says something doesnā€™t work, do not take that to heart. Thereā€™s people that say technical analysis doesnā€™t work & then thereā€™s people that say it does work. Try everything. Donā€™t just brush of it because some guy on reddit said it doesnā€™t work. Even if a well known trader says it doesnā€™t work doesnā€™t mean you should believe that. It might work for you, you dont know yet. + +9. Focus heavily on risk reward & working on your risk management. Do not go for 1:1 risk/reward, especially as a new trader. Go for at least 1:2 risk reward. Meaning that on every trade, if youā€™re looking to make $10 on it, you should be looking to only lose $5 on the stock if your risk/reward is 1:2 If a stock is a 1.00 & youā€™re looking to buy at that price & you decide that you want to sell at 1.10, then at the very least you should be looking to sell at .95 if it goes against you. Youā€™re risking 5 cents to make 10. 1:2. + +10. Win % does not matter. Letā€™s say your risk reward is 1:2. You make 100 trades where you make $2 on each win & lose $1 on each one because of your 1:2 risk reward. You win 40 trades but lose 60. Your win % is 40% but do the math. On the 40 won trades you made $80 (40*2) total & lost $60 (60*1) total. You made $20 total despite having a 40% win rate. Now imagine 1:3 risk reward. Same scenario but worse win %. Your win % here on 100 trades is just 30%. With 30 won trades you made $90 & lost $70 total on your losses. You are still profitable. + +I made this during my lunch so I apologize for any grammar mistakes or rushed explanations. +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +# 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) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +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. +This is just how I see things, and my observations from many of the postings in this sub. + +1. One & Done. +I don't really care for the stonk. I really don't want to own it. But damn, that premium is just so juicy! +For me, these are purely a situational play. Get in, get out, and walk away. Once in a blue moon the conditions may hold up for a second shot. But with not wanting to own the stock, use excessive caution. +This is where cost basis does not come into play, it is profit, break even, or loss. + + +2. Da Wheel. +I researched the stock, feel ok with owning it at the right price. Selective with strike to sell the csp to keep break even near that level. Don't panic nor get upset about csp assignment, just start selling cc. Rinse & repeat until stock no longer good for wheeling. + + +3. Long term accumulation. +I like the stock & want to build a long term position. Use CSP's to get assigned at a good cost basis. Use CSP's & CC's to reduce cost basis. Use caution on CC's because I don't really want to sell the shares, just collect premium. +I view this as many steps in a long journey, for me this is where cost basis is used to track the overall progress of the journey. Profit/loss is determined at the end of the journey. +This is anecdotal and NOT meant to be a prediction. I'm aware the economic circumstances are entirely different and this doesn't mean anything. + +I made this because I was curious how this tracks with the 2008 crash. I noticed the market had dropped about 22% over roughly 9-10 months, which I recall is how the end of 2007 was. This chart is not manipulated to line up, it's the same scale with weekly candles. The peaks before the crash are aligned (Oct 8, '07 and Jan 3, '22). + +For those eliot wave traders, 2008 has a clear 5-wave pattern. If the two patterns continue to track, this puts us at the beginning of the 3rd (and biggest) down wave. + +https://preview.redd.it/fw3bfstdetq91.png?width=1268&format=png&auto=webp&s=e853b57700dabc68c02e69f9ad2048e67cf912a7 +Ok, I've done a lot of these bubbles. So for the n00bs and the people that have only done it once, let me give you some sober advice. + +* Get your Bitcoin out of exchanges during a bubble. If you're an active trader, you're probably an idiot and won't listen to this advice. But at least I can say I warned you. + +* Bitcoin price will go to the moon, and Bitcoin price will drop. The pain of drops gets worse and worse and worse. When we hit $30 after Schumer told the world you could buy drugs with Bitcoin, there were tons of people who bought, and were sad and lonely and depressed after it crashed back to just below $1. Think about how much worse that will be when people put their life savings in at $10,000 and the price crashes to $1,000. There is going to be a bad multiplicative effect here if the bubbles get bigger and bigger. + +* You don't know anything, you don't know how high it will go, you don't know how far it will crash. Don't play the game. Just ride. If you belieb this experiment will work, then just hold. You will be sad you didn't sell at the top, but you will be glad you ended up better than you were when it was low. + +* Don't invest more than you can lose. + +* Stop trying to explain why the price is going up. There is almost no reason that it should be mooning right now, which should tell you that this is very likely just irrational exuberance. Many of you will be given to it. You will dump your money in, exacerbate the bubble, and we will see a rash of news reports, more and more people will pour in, and more and more money will be on chain. It will be good for Bitcoin, as it will bring with it a large number of new beliebers. But it won't be easy when we hit another long lull where Bitcoin sits for a long period of time at some small number. + +* Don't tell your family to get in. + +* Don't tell your friends to get in. + +* Avoid pumping generally. Answer questions about Bitcoin, but give everyone the caveat: "I never recommend anyone buy unless they first understand the technology and beliebe that it will work." Or something like that. + +* With a new rash of people there will be new scams. If you have not yet been scammed, you will be, and if bitcoins are worth a lot, it will hurt now worse more than it ever has. You will hear people say, "I wish I bought when it was $200." The appropriate response is: "Bitcoin never goes up, only down." + +* Remember, in the aftermath of every price increase, is a deep regret from everyone who did not buy before the price increase. Do not live with regrets, just keep marching forward. We are here because Bitcoin as a technology works. If you don't belieb that the Bitcoin will only work if you get rich, you should probably get out. Because this is a very slow, long play. + +* Everyone who comes to Bitcoin now will come with an arrogance you will not realize you had when you came. You probably don't realize how much you have learned since you got here. Be kind, but be a dick. Now that you have seen it, you need to save the n00bs from giving their money away. Be highly critical of their wrongheaded ideas. Also, remember to point to history when they start to tell you all the ways in which they want to repeat it: "I don't think Bitcoin will work because... 10 minute transaction times... no one accepts it... it's too hard to use... it's not scalable... it's not anonymous enough... you can buy drugs with it... only criminals use it... Bitcoin companies are all scams... it has no intrinsic value... and on and on and on." For them we have a meme: http://imgur.com/t2sfuot + +* When all is said and done, many of you will have a lot more money than you have ever had before. Spend a little, have some fun. Hold the rest and save it for a rainy day, because Bitcoin *could* go to $0. You never know. + +* Get your money out of exchanges. +I know a lot of us look at this to compare where we are in our FIRE journey. The latest 3 year survey has just been released. + +http://federalreserve.gov/econres/scfindex.htm + + Summary is at http://federalreserve.gov/publications/files/scf20.pdf +After 6+ months I finally have a steady wage so I've started taking paying off my credit card and starting a savings seriously (I'm only on 22.5k) + +But once I get paid, I pay into my card, I put away savings, I've money around and I set aside my spend able cash for the month I feel like now I'm just waiting for the next paycheck to do it again and it feels like I cannot progress throughout the month. + +I know it may sound silly but how do you guys get through the month when all you can think about is 'don't spend too much don't spend too much' and thinking about my next paycheck and what I can do with it in terms of paying debts and saving + +Guess I just need a way to take my mine off it as there not much I can do between pays +Interest rates going up quickly and it feels like theyā€™re not going to stop any time soon. But the reason for interest rates going up is to tackle inflation which is caused by too much spending on discretionary purchases. So it makes me think that although there are many news reports saying plenty of people are under mortgage stress, the increasing inflation suggests that we just donā€™t care. Is it because we are all getting second jobs? Is it because we all saved up a large amount of savings over the COVID lockdowns? is it because our habits of spending is too hard to remove? + +So I was wondering, which mortgage stress zone are you in? And how are you feeling about the whole rise in interest rates? + +Stress free zone: <20% pre-tax income goes to mortgage repayments. +Stress danger zone: 20-30% pre-tax income goes to mortgage repayments. +Mortgage stress zone: 30%+ pre-tax income goes to mortgage repayments. +Iā€™m 34 and well on my way to reach FI (NW 1M and 150k/y job per year) but I find myself worrying about money every day. + +I think the source of my financial anxiety is my childhood where I grew up in a lower middle class family with both parents going through bankruptcy and divorce. Parents had daily fights over money, gambling, alcoholism, not knowing when the landline and lights at home will be switched off. + +I worry about not being able to provide for my family in this VHCOL environment (one toddler and another on the way), ageing parents with no savings and bimonthly calls from them for money, job security (in banking and layoffs are common), and wanting to provide a better environment for my young family. So many what ifs.. + +At what point did you stop worrying about money? Is it a NW issue or are there other factors? +For those who have FIREā€™D - is there anything you wish you did prior to pulling the rip cord? Things you wish you planned better for? Anything you wish you knew that would have made you make different decision? + +Iā€™ve heard qualify for a mortgage as a big one on the financial front but wanted to see if there is anything else that makes sense to plan for when a year or so out from the big day. +The leanFIRE approach seems to advocate spending time / attention to save money (e.g. mowing your own lawn, mending your own clothes). But what about the opposite approach? + +**What are some ways to buy time / attention?** + +Here's an initial list, but I'm hoping you all have more experience / creativity than me and can suggest better ideas: + +* Cleaning service / laundry service +* Living close to where you work (shorter commute) +* (For singles) Matchmaking service (instead of online dating) +* (For parents) Nanny, night nurse +* (For travelers) Global Entry +* Personal chef +* Personal trainer +I see a lot of talk from the high net worth performers here about investing in real estate, businesses, complicated financial products etc. Anyone in here retired and just using VTSAX (sp500 index) and bonds with a 3-4% SWR? + +EDIT: For those that do, whatā€™s your net worth roughly? +Yo. I am not a financial advisor. I am merely a engineer with a strong stats background. + +# Intro to the shit + +I've been getting balls deep into figuring out the numbers behind the GME share price. Like too deep. I just dig data and puzzles and shit. After writing up like 35 pages, I realized that I should try to break these up into parts. I will admit most of them are of graphs and tables because visuals say a lot. + +Regardless, I'm here to tell you that I think that retail has never really had the influence they may think they do over any of this and that high frequency trading (HFT) has been in... THE GAMEstop... since 2002. + +[Sheeit](https://preview.redd.it/6dugw8c5pg081.png?width=772&format=png&auto=webp&s=889462bdf1075e1956e82ce27313c735bdc01fc9) + +When the output values of a system are highly predictable on a repeating time scale, it suggests the independent variables are highly controlled or designed to accommodate fluctuations in its environment to result in such a consistent reaction. + +# Let's start with the easier stuff + +I very often have been seeing observational bias so I want to go over + +[High - Low and Open - Close](https://preview.redd.it/nmmtilfamg081.png?width=1139&format=png&auto=webp&s=c694175d7c8549a3385a94681a97ba4c9a4b34ac) + +Since January 2021 witnessed the first squeeze, the below graph displays values from Feb. 1, 2021 to Oct. 8, 2021. March 10, 2021 had an extremely high ā€œHigh ā€“ Low Deltaā€ as shown below. + +[Formatted High - Close and Open - Close values](https://preview.redd.it/unh270fomg081.png?width=1072&format=png&auto=webp&s=fb12486c042cc4601894c6d0f146d2498a9f05ff) + +As time continued, the range of ā€œHigh ā€“ Low Deltaā€ and ā€œClose ā€“ Open Deltaā€ become less spread out. + +[High - Low and Open - Close](https://preview.redd.it/6h25cjlumg081.png?width=925&format=png&auto=webp&s=6125edc90b96fdf8315b7f3cec11be047071965b) + +# High and Low + +Viewing the high and low values on a graph, there is no apparent overall trend since the closing and opening values will intermix due to green and red days. + +[High and Low](https://preview.redd.it/b38y4od4ng081.png?width=624&format=png&auto=webp&s=910b806cb00886bdca643c9d37ddf3e4cdca7ed7) + +To view the data in another way, we can look at the max and mins of these deltas to see if a trend is occurring. There is noticeably less order to how it move as also indicated in the share price line just shown. + +[Min, Max, and Range of \(High - Low Delta\)](https://preview.redd.it/m6mlko98ng081.png?width=836&format=png&auto=webp&s=1f0d84d23a1e1c15123ddb905ac00c6020e93ea9) + +Even removing the more volatile months that could act as outliers still we still do not observe any relationship as a function as time. April 2021 to present + +[Formatted Min, Max, and Range of \(High - Low Delta\)](https://preview.redd.it/ysqv7vwgng081.png?width=1041&format=png&auto=webp&s=c281c7a9242e2ab767b7ee3825aa45f1d36959dd) + +# Open and Close + +The open and close values have been graphed to show how as time moves on, the space in between them decreases. This characteristic has been going on for a while so I give advice to not fall for confirmation bias that any recent events has been causing it unless there is statistical evidence suggesting as such. + +[High - Low vs Date](https://preview.redd.it/nhqj10kwng081.png?width=1090&format=png&auto=webp&s=48fb133924c9052f667d378a270a40daf3eab098) + +The below graph shows the max, min, and range of the ā€œClose ā€“ Open Delta.ā€ The max ā€œClose ā€“ Open Deltaā€ and min ā€œClose ā€“ Open Deltaā€ are seen to approach closer to 0 as time continues. + +What this means is best represented by the lowest line: ā€œRange (Close ā€“ Open Delta). The range of the ā€œClose ā€“ Open Deltaā€ is showing the delta of the max ā€“ min values. Since "Close ā€“ Open Deltaā€ is a range, this is the range of ranges. This is effectively proving that as time continues, the delta of the open and close share price is decreasing. The share price is staying with a more and more tighter range as time continues. + +*This is to point out the numerous and continuous statements that this or that has been causing the range to decrease are more than likely observational bias. Without providing the math or doing the data analysis, you're going to see what you want to see.* + +While the Max (Close - Open Delta) is a little wonky, the Min(Close - Open Delta) has a very well defined upwards oscillating. This would suggest that the movement is highly controlled. + +[Min, Max, Range \(Close - Open Delta\)](https://preview.redd.it/afas48olog081.png?width=1361&format=png&auto=webp&s=3c9b03151b85076cc23ef7c970d626d62a5c31ae) + +**Takeaway:** + +While the high and low delta is seen to be sporadic, the close and open values are seen to have a trend which seems to be decreasing as a function of time. The movement lacks "randomness," and thus suggests that the emotional retailer does not have the influence they may think they do + +**Comparing** + +If we were to compare the ā€œHigh ā€“ Low Deltaā€ and ā€œClose ā€“ Open Deltaā€ against volume and segregate by month so there isnā€™t \*really\* a need to normalize, you would get the below graph. These regression analyses indicated how the ā€œHigh ā€“ Low Deltaā€ is greatly related to volume while the ā€œClose ā€“ Open Deltaā€ is not. + +While some of the months of 2021 have seen a correlation between "High - Low Delta," volume does not give a fuck about the open and close. So, well fuck. + +[\\"High - Low Delta\\" and \\"Close - Open Delta\\" vs Volume by Month](https://preview.redd.it/2esgqy7qpg081.png?width=1035&format=png&auto=webp&s=3debcfb2982396c90f42c11312d4feb26b727d01) + +[A closer look of the previous graph](https://preview.redd.it/fh9udfv2qg081.png?width=960&format=png&auto=webp&s=ab0bc3c35b28c0e1c2f2e5ac71e766103db52623) + +Aight. That's cool, however, we sort of know this because a baby squeeze and sideways trading have often occurred within the same month. But... what if we were to redefine the time to fit the dates of dem baby squeezes? We get crime but with more statistical confidence. + +One can now see that while volume (from whatever source it may be like retail or some other degens) may affect the high and lows, the open and close values didn't even bother to leave volume on read. + +[\\"High - Low Delta\\" and \\"Close - Open Delta\\" vs Volume by Baby Squeeze Time](https://preview.redd.it/el03faogqg081.png?width=964&format=png&auto=webp&s=8214a696db0e05bff69497fda776d9f0aa19657f) + +**Takeaway** + +The daily high and lows are heavily influenced by volume. It can be inferred that retail actually has an influence on this. Conversely, due to the lack of influence volume has on the Open and Close, this be evidence that these values are manipulated so they hit specific values. So... that's cool.... moving on to... + +# The Moving Average + +A moving average (MA) is a typical method used to smooth out data when there is a lot of noise, so the underlining behaviors of that system is more easily seen. A smaller MA is used for a more volatile process while a larger MA is used for a more stable one. I used a 5-day moving average for this analysis since it is small enough to accommodate volatility but large enough to be useful. Also, there are 5 trading days in a week so it all made sense to me. + +Once we reduce the noise to compare the OHLC, we see the below table: + +[OHLC 5 Day MA vs Date ](https://preview.redd.it/5e3mhl57rg081.png?width=859&format=png&auto=webp&s=17da36ea79ab5713d8cb6cf10334b2d479114ea0) + +Knowing that the open and close values are heavily manipulated to hit specific price points, thus, suggesting large amount of manipulation, I analyze those two in greater detail. I focused entirely on the dates from March on since it has values that were not so astronomically high. + +# High - Low March 2021 On + +Looking at the 5-Day Moving Average, it would appear as if both the high and low values are set within about a $150 delta constraint. Since the high and low value exhibit limits at both the upper and lower bounds, it is safe to assume that everything in-between is as well. + +[High Low 5 Day Moving Average](https://preview.redd.it/phn27uqfrg081.png?width=1078&format=png&auto=webp&s=6b803526cbcf5c9618f46250d992610d079eb877) + +Look at that shit. Once the noise is reduced to better observe the underlying behaviors, we see that the high and low values ALSO are constrained. + +The below table is a moving average. They are not the direct corresponding values relating to that particular day, however, we begin to see the shit we complain about so much. + +[5 Day Moving Average Limits](https://preview.redd.it/odomdbsirg081.png?width=638&format=png&auto=webp&s=edd29683c4b21a0ef7bb944d689fdd741527f069) + +# Hide yo share price. Hide yo dates. + +So aight, the open and close values don't give no fucks to volume. While high and lows may seem to be influenced by whatever powers that be, they still are entirely controlled. Shit being so fucked, I decided to see how fucking controlled all this shit is. Let's check out the behaviors of the data and see if the controlled values themselves even have their time purposefully controlled as well. + +Surprise. They are. But really.... deep down we all knew how figgity fuck everything is. The share price is manipulated so why the fuck not would the days they occur not be as well? Below is a graph showing what I mean + +[Close Open 5 Day MA Corresponding Behaviors to Dates](https://preview.redd.it/6xmuqjjisg081.png?width=1122&format=png&auto=webp&s=6fb3935ee8842d9f075b3d5c4621b8082c9da6a8) + +So, yeah... seeing how this type of movement is stuff that some data tweebs or enginerds dream about for their system, it was almost comical how fucked everything is. + +Now that the above graph now has various unique movement identified that seem to related to each other, why wouldn't they also be consistent in timing as well. *Because, we're already gone this far... so why the fuck not. Really.* + +Separating these values with their respective share price values we get the below table. The net work days for the open and close share price are similar as noted in the graph. + +[Locations with Corresponding Net Days](https://preview.redd.it/jjeuxy0htg081.png?width=794&format=png&auto=webp&s=2d6dda5969016287d1c578f9e047dbbfab8b5e2d) + +[Locations with Corresponding Net Days Separated into their Respective Charts](https://preview.redd.it/mly80x7itg081.png?width=950&format=png&auto=webp&s=bc1b8c9ca3797efa60279905676765a109b6b02d) + +**Take Away** + +Although volume has an influence on the daily high and lows, they are still being constrained with about a $150 difference. This with how the close and open price seem to be controlled to have set values for specific time frames indicates that advance manipulation is at hand. + +Oh... I'm not finished yet. + +https://preview.redd.it/clzwk5qdug081.png?width=614&format=png&auto=webp&s=4f6ddb08640edddabb7ea2df5543b68e50370bec + +[Part 2.2](https://www.reddit.com/r/Superstonk/comments/qx8zby/the_algorithm_the_ouroboros_part_22_exposing_hf/) + +Edit 1: Finished the sentence, "This characteristic has been going on for a while so I give advice to not fall for confirmation bias that any recent events has been causing it unless there is statistical evidence suggesting as such." +As the title suggests, Iā€™m pretty young. Unfortunately, over the last three years Iā€™ve racked up quite a substantial amount of debt. I havenā€™t got much family support and the support I do have isnā€™t exactly solid. My family arenā€™t exactly big on personal finance. My dad is bankrupt and my mom has no savings, living pay check to pay check. With a combination of being uneducated on what or how the bloody hell to sort this and generally burying my head in the sand, I let extra fees pile on top and debt collectors have been sent to my address. So things really need to change and I really want to work at getting these debts down. But, I havenā€™t got a clue where to start. + +Can anybody recommend any tips and tricks on how to get started? Are there any, like, free courses on how to sort this out? Or any younger YouTubers or Instagram accounts that could educate me. Podcasts? Books? Literally anything to help. Thank you. +This is our monthly /r/economics Journal Day. Only links to journal articles and working papers are allowed today. Have fun! + +Some places to find articles and current research: + +* NBER Working Papers (http://www.nber.org/new.html#latest) +* Research Papers in Economics (https://ideas.repec.org/) +* Social Science Research Network (https://www.ssrn.com/en/) +In spite of all the positive news surrounding Netflix, it's been dropping this past week and dropped another $15 today. + +Anybody few any thoughts on what's happening? +The whole concept of LEAPS may be counter to the principles of Theta gang but would you correct my theory that given a stable stock like AAPL, SPY, MSFT, investing in deep ITM LEAPS (with Delta > .90 and theta of less than 0.01) expiring in 2 years may be more profitable and less time- and energy-consuming than wheeling that stock in the same period. + +Case in point: I bought an AAPL $60 call expiring 3/2023. Cost me less than $6k early last week. Closed out and made a profit of more than $400 this week just to test my theory. +https://www.cnbc.com/2021/12/26/despite-supply-issues-and-omicron-holiday-sales-rise-8point5percent.html + +Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new Covid-19 variant in the last few weeks of the season, according to one spending measure. Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards, reported Sunday that holiday sales had risen 8.5% from a year earlier. Mastercard SpendingPulse had expected a 7.4% increase. The results, which covered Nov. 1 through Dec. 24, were fueled by purchases of clothing and jewelry. + +Holiday sales were up 10.7% compared with the pre-pandemic 2019 holiday period. By category, clothing rose 47%, jewelry 32%, electronics 16%. Online sales were up 11% from a year ago and 61% from 2019. Department stores registered a 21% increase over 2020. + +A broader picture will be revealed next month when the National Retail Federation, the nationā€™s largest retail trade group, comes out with its combined two-month results in mid-January. The results will be based on an analysis of the November and December sales figures from the Commerce Department. Analysts will also be dissecting the fourth-quarter financial results from different retailers that are slated to be released in February. Overall, analysts had expected a strong holiday season, fueled by early shopping that started back in October in anticipation of a product shortage. Consumers were also determined to celebrate the holidays after a muted one a year ago. Still, November saw a slowdown in retail sales, in part because of the early shopping. And omicron, which has fast become the dominant version of the virus in the United States, has now spoiled holiday plans for many Americans who have had to cancel gatherings last minute. The National Retail Federation said early in December that holiday sales were on track to beat its already record-breaking forecasts for an increase of 8.5% to 10.5% compared to the year-ago period. Holiday sales increased 8.2% in 2020 when shoppers, locked down during the early part of the pandemic, splurged on pajamas and home goods, mostly online. + +The group expects that online and other non-store sales, which are included in the total, will increase between 11% and 15%. The numbers exclude automobile dealers, gasoline stations and restaurants. Holiday sales have averaged gains of 4.4% over the past five years, according to the group. +These are just a few of my favorites currently ā€” open to thoughts or discussion! I've been focusing mostly on long-term steady growth, consistent dividend payouts, and anything with a decent annual yield is a bonus. + +**Healthcare** + +PFE + +JNJ + + +**Tech** + +AAPL + +MSFT + + +**Telecommunication Services** + +CMCSA + +**Energy** + +XOM + + +**Materials** + +PKG + + +**Financial** + +JPM + +COF + + +**Real Estate** + +O + +AGM + + +**Consumer Discretionary** + +SBUX + +TGT + +HD + +TXRH + + +**Consumer Staples** + +WMT + + +**Industrial** + +WM + +MMM + + +**Utilities** + +AWK + +Edit: Formatting +Iā€™m fairly silent on this sub because Iā€™m new and am using this sub to learn from people with possible experience, and how they think about what stocks to pick. + +Iā€™ve seen mixed opinions on KO which I was surprised to see but the argument against KO is fairly valid. They are tapped out of their growth and donā€™t have the snack side like Pepsi has Frito Lay. + +I just saw Coca Cola advertising their new product and decided to look into it. Stumbled on this article and I want to know this subs opinions on it. + +Their new product was a hard seltzer through Topo Chico. While they are kinda late to the game with hard seltzerā€™s if it takes off wouldnā€™t that show good potential for KO to find some new horizons in the beverage sector? They also have a coffee too which this article talks about, but theyā€™ve had the energy drinks and idk if that was successful for them. + +But please let me know what yā€™all think in the comments. + +https://www.beveragedaily.com/Article/2020/08/03/Coca-Cola-to-launch-hard-seltzer-and-Coca-Cola-With-Coffee +I have created a scorecard app for dividend stocks based on their dividend payout track record, cashflow and fundamentals. It studies key details and rate the stocks based on its balance sheet and dividend payment behaviors. Some of its features are unique as you won't find in any other stocks screener sites and providing it without a paywall. + +PS: This app still in alpha stage, has its fair sorts of limitations, as I built this as my pet project on many weekends throughout the year. So this app is free to use, if you have any constructive criticism or improvements needed on this app, I welcome it in the comments. That being said, if you find it useful for your research, that's a score + +https://savajava.github.io + +Attention - For those using Safari browser, for best experience use either Chrome or Firefox +These are just a few of my favorites currently ā€” open to thoughts or discussion! I've been focusing mostly on long-term steady growth, consistent dividend payouts, and anything with a decent annual yield is a bonus. + +**Healthcare** + +PFE + +JNJ + + +**Tech** + +AAPL + +MSFT + + +**Telecommunication Services** + +CMCSA + +**Energy** + +XOM + + +**Materials** + +PKG + + +**Financial** + +JPM + +COF + + +**Real Estate** + +O + +AGM + + +**Consumer Discretionary** + +SBUX + +TGT + +HD + +TXRH + + +**Consumer Staples** + +WMT + + +**Industrial** + +WM + +MMM + + +**Utilities** + +AWK + +Edit: Formatting +I have about 50,000 to invest in something. I am thinking of an index fund of some kind. My question is: should I invest slowly and wait for dips in the market or should I throw in a good amount in. Going with Vanguard with a .03 percent ratio for this particular index fund. There is a 3000.00 minimum to open the account. What are anyoneā€™s thoughts? New to investing so...any thoughts are appreciated. +I have about 50,000 to invest in something. I am thinking of an index fund of some kind. My question is: should I invest slowly and wait for dips in the market or should I throw in a good amount in. Going with Vanguard with a .03 percent ratio for this particular index fund. There is a 3000.00 minimum to open the account. What are anyoneā€™s thoughts? New to investing so...any thoughts are appreciated. +I am a 22(M) and I just opened a retirement Roth IRA account with sofi. I am currently a first year medical student with no additional income outside of my student loans. + +My question is how does a Roth IRA account help me make money in the future? I understand it is tax free but if Iā€™m just saving my own money and putting it there whatā€™s the difference between having a Roth IRA and just stuffing my money in the mattress until Iā€™m 60? +I canā€™t work out if my nhs pension is a good deal or not. From my last statement I think I get Ā£9,000 combined. + +I currently work as a band8, income is fixed due to nhs pay scales. + +But they arenā€™t traditional pensions like the private sector are they? + +I canā€™t work out if I should stay in the public sector. More specifically the NHS. +Source for the claim: https://np.reddit.com/r/btc/comments/7jg265/1000000_bitcoin_cash_wallets_have_now_been/dr6qf17/ + +Go here to report: https://safebrowsing.google.com/safebrowsing/report_phish/ + +Roger Ver's site: www.bitcoin.com + +As pointed out by /u/codedaway below, you can also report /r/btc to reddit for violating reddit's self promotion rules. + +Edit: as was pointed out by some, phishing might not be matching exactly. Wiki defines phishing as "Phishing is the attempt to obtain sensitive information such as usernames, passwords, and credit card details (and money), often for malicious reasons, by disguising as a trustworthy entity in an electronic communication.". I think that the last part is the most important aspect. Roger Ver and thus Bitcoin.com seems to try to disguise - with their app and what Roger Ver wrote in the linked comment - bitcoin cash as a trustworthy entity (bitcoin). In my books this is close enough to be counted as phishing. The means might be different but the intent is the same. Please decide for yourself. + +In the end this is only a report - so google and reddit have to decide whether they are legit or not. +One of the first things I learned when teaching myself how to trade was not to use stop loss orders. There are tons and tons of articles detailing lots of reasons why you shouldn't use stop loss orders and why "professionals" don't use them either. +With that piece of information I went to the market convincing myself that I when things turn ugly I will simply hit the sell button. Didn't go that way. Hitting the close button is hard. Specially when you have 90+ profitable trading days. You feel you can't be wrong. +My account always look the same: very long stair with a free fall at the end. +After erasing all my February profits in 1 day I promise myself I will let the machine decide over my incompetence to close losing trades. + +What is your take on stop loss orders? Any advice for someone like me? + [Trump files suit against Facebook, Twitter and YouTube | Fresh News Now (fresh-news-now.com)](https://fresh-news-now.com/2021/07/07/trump-files-suit-against-facebook-twitter-and-youtube/) + +[JULY 7, 2021](https://fresh-news-now.com/2021/07/07/trump-files-suit-against-facebook-twitter-and-youtube/) By JILL COLVIN and MATT Oā€™BRIEN + +WASHINGTON (AP) ā€” Former President Donald Trump has filed suit against three of the countryā€™s biggest tech companies, claiming he and other conservatives have been wrongfully censored. + +Trump announced the action against Facebook, Twitter and Googleā€™s YouTube, along with the companiesā€™ CEOs, at a press conference in New Jersey on Wednesday. He was joined by other plaintiffs in the suits, which were filed in federal court in Miami. + +ā€œWeā€™re demanding an end to the shadow-banning, a stop to the silencing and a stop to the blacklisting, banishing and canceling that you know so well,ā€ he said. + +Under Section 230 of the 1996 Communications Decency Act, social media platforms are allowed to moderate their services by removing posts that, for instance, are obscene or violate the servicesā€™ own standards, so long as they are acting in ā€œgood faith.ā€ The law also generally exempts internet companies from liability for the material that users post. + +But Trump and some other politicians have long argued that Twitter, Facebook and other social media platforms have abused that protection and should lose their immunity ā€” or at least have to earn it by satisfying requirements set by the government. + +Trump was suspended from Twitter, Facebook and YouTube after his followers stormed the Capitol building on Jan. 6. The companies cited concerns that he would incite further violence. + +Nonetheless, Trump has continued to spread lies about the 2020 election, baselessly claiming that he won, even though state and local election officials, his own attorney general and numerous judges, including some he appointed, have said there is no evidence of the mass voter fraud he alleges. + +Facebook, Google and Twitter all declined comment Wednesday. + +The suits argue that banning or suspending Trump and the other plaintiffs is a violation of the First Amendment, despite the fact that the companies are private. The suit against Facebook and CEO Mark Zuckerberg says Facebook acted unconstitutionally when it removed Trump from the platform. Suits against Twitter and YouTube make similar claims. All three ask the court to award unspecified damages, declare Section 230 unconstitutional and restore Trumpā€™s accounts, along with those of the other plaintiffs ā€“ a handful of others who have all had posts or accounts removed. + +But Trumpā€™s lawsuits are likely doomed to fail, said Eric Goldman, a law professor at Santa Clara University in California who has studied more than 60 similar, failed lawsuits over the past few decades that sought to take on internet companies for terminating or suspending usersā€™ accounts. + +ā€œTheyā€™ve argued everything under the sun, including First Amendment, and they get nowhere,ā€ Goldman said. ā€œMaybe heā€™s got a trick up his sleeve that will give him a leg up on the dozens of lawsuits before him. I doubt it.ā€ + +Goldman said itā€™s likely Trump is instead pursuing the suits to garner attention. As president, Trump last year signed an executive order challenging Section 230. + +ā€œIt was always about sending a message to their base that theyā€™re fighting on their behalf against the evil Silicon Valley tech giants,ā€ Goldman said. + +Matt Schruers, the president of the Computer & Communications Industry Association, a tech industry trade group that includes Facebook, Twitter and Google, said internet companies have a right to enforce their terms of service. + +ā€œFrivolous class action litigation will not change the fact that users ā€” even U.S. Presidents ā€” have to abide by the rules they agreed to,ā€ he said in a statement. + +\_\_ Oā€™Brien reported from Providence, Rhode Island. Associated Press writer Mae Anderson contributed to this report from Nashville. +Snapchat's last round of funding, in May 2015, reportedly valued the company at $16 billion. + +The new funding is technically part of that same round, according to The WSJ, as Snapchat had set aside some additional shares at the time that it could sell in the future. + +But the fact that Snapchat wasn't able to get a higher valuation for the company with the sale of these shares is likely to fan worries that the once red-hot period of growth for internet companies is coming to an end. +http://www.wsj.com/articles/snapchat-raises-175-million-from-fidelity-at-flat-valuation-1457053070?mod=WSJ_TechWSJD_NeedToKnow +Just wanted to share with you all my success today. I have a relatively (new to me) car that I purchased with cosmetic damage. Unfortunately the work it needs done runs to tune of around ~3K$. I don't have that kind of money and had no idea auto body work could be this expensive... Clearly I learned my lesson! + +To make a long story short, after a quick search on craigslist, I was able to get in touch with a guy who does auto body work professionally, in his shop. Instead of emailing him with what I needed to see if he would be willing to take on my project, I arranged to meet him in person. Although he was a bit apprehensive at first because he primarily works on his own cars/projects, he accepted! Plus he is willing to do all the work for only 15-20% of what I was being quoted; a huge difference! In any case, it would have been absolutely worth it to me to hear him say "no" in person, rather than simply through an email or on the phone. In some cases, I've found that it pays off tremendously to put a name to the face and ask! +Hello Superstonk! + +Welcome to another weekend's forward looking Technical Analysis with your favorite pickle dude u/gherkinit + +We are gonna go over some of the Technical Indicators I will be paying attention to this week and discussing some of the other factors that may effect GME this week. + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have reading comprehension issues. This should be uploaded by 9pm EDT. + +# Part I: Technical Analysis + +**Cup & Handle and Supporting Indicators** + +As you know if you've been following along, I have been tracking a cup & handle formation on the 1D timescale. I will state that on it's own a cup & handle can be pretty unreliable but since then I have found a few other indications that this one is at least somewhat accurate. + +1. The indicator is formed over 3 months +2. The peaks of the "cup" are by volume traded at the exact same resistance level +3. The cup & handle formation is supported by an ascending triangle +4. That ascending triangle is reinforced by an uptrend + +These combined indicators leave us with something like this + +[Technical Analysis Clusterfuck on the 1D timescale](https://preview.redd.it/qfjxxsvybv771.png?width=2462&format=png&auto=webp&s=bcbe81843e02414c44bb8e41dfc64bdd037f4372) + +Generally when doing technical analysis I prefer to look for support indicators that back up my main thesis. That is what I have done here. + +If we zoom in on our current price action we have stayed well within the trend on the cup & handle and expect we will continue to do so. + +\**the Russel 1000 move could have some effect on this formation I will update any corrections that need to be made in the Daily Live Charting* + +[Zoom on the Handle on the 1D timescale](https://preview.redd.it/jqmmg68scv771.png?width=1661&format=png&auto=webp&s=eae583c8a332e80c7d9ab317a37d4cc5de6b7265) + +**EDIT 2:** + +I can't believe I almost forgot this as we know the price range for GMEs cup & handle breakout is 525-1050 well I wanted to show everyone something on a popcorn stock that saw a similar movement recently + +[AMC on the 1D](https://preview.redd.it/s66ub4y28w771.png?width=1610&format=png&auto=webp&s=5f737d151391e970167f0836211b3326e4b42700) + +AMC recently had a breakout of almost the exact same pattern realizing gains of 498%. + +Similar growth on GME would put it at $1035.84 per share within a couple of percentage points of our cup & handle estimate. + +**Other Indicators** + +**ADX** + +(Average Directional Index) This is and excellent indicator of trend strength and is approaching an uptrend on the 1D as well for more [information on ADX](https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp). A movement above 33 would indicate a breakout as well. + +[ADX on the 1D ](https://preview.redd.it/00ctz2qphv771.png?width=1623&format=png&auto=webp&s=53569e2b5d7ecfe0542f2ee98767cc32a9235096) + +MA50 + +It also looks like we are set for a nice bounce on our 50-day moving average. + +[50-D MA on the 1D timescale](https://preview.redd.it/xn8mnktojv771.png?width=1294&format=png&auto=webp&s=05707707efc34c5679ee3416ae0016d54baf9a36) + +TLDR; Looks like things are pointing up again as we have probably experienced enough consolidation over the last week to start to see the beginning of some price improvement. + +# Part II: Russel 1000 + +This could definitely upset a lot of things I think overall the net effect will be positive as it appears at least some buying happened near close on Friday well into after-market, 6.07M shares of GME were traded I expect more in pre-market tomorrow. This is gonna be pretty crazy I expect that the rebalancing is not yet complete and it should lead to a interesting Monday as this all shakes out. + +I am currently speculating, that GME is in fact moving into multiple indices but I am waiting to confirm. Possibly the Russel 1000 Growth Index and The Midcap Index in addition to the S&P 600. I will be re-evaluating this effect everyday in the Daily DD. + +# Part III: Overall Market Conditions + +I am still paying very close attention to the SPY this week as it approaches it's resistance of it's previous long term trend a rejection of this support/resistance could begin the initial steps of a correction. + +[SPY on the 1D ](https://preview.redd.it/opldm840mv771.png?width=1618&format=png&auto=webp&s=7bb68a661680e6ca3b8711130c0610e0d11fb9dd) + +Current Shiller P/E Ratio + +[Historic Shiller P\/E Ratio ](https://preview.redd.it/cfoh25c8mv771.png?width=978&format=png&auto=webp&s=72ad79988a5524eae7116cdc272dd49aa440880f) + +If you want more information on my current view of the market situation [check out my DD](https://www.reddit.com/r/Superstonk/comments/o4l0cb/jerkin_it_with_gherkinit_forward_looking_ta_for/) from last week. + +\**This information's sole purpose is to inform people of the effect of the market in relation to GME and in no way advice to "play" the SPY. Many a dollar has been lost trying to predict a market crash, don't let it be your dollars.* + +# Part IV: Conclusion + +Technical indicators for this week are looking pretty positive moving into this week. I expect sometime in the next few days to begin a slight uptrend that will carry us into the upper part of the handle. The Russel 1000 move could continue to create volatility in the stock this week as funds that track the index jump on board so we may experience some deviation from the technical trends shown. However, ultimately they should hold true. + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under pinned posts on my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on our community [Discord](https://discord.gg/BGmjnrvHnw) + +As always thank you for the support + +šŸ¦ā¤ļø + +\- Gherkinit + +**Edit 1:** + +Microcap to Mid-Cap transition confirmed + +**Edit 3:** + +[GameStop 100&#37; added to Russel Growth Index](https://preview.redd.it/nrbt8s829w771.png?width=659&format=png&auto=webp&s=e0e1d8e2c81b2c25a4899285fc3a5b1979e5bd47) + +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.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**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/) +On May 9th, 2013 youtuber Davincij15 made a 6 minute video going over what Bitcoin is, and itā€™s potential, in his opinion at the time and pleaded with his audience to just buy $1 worth and leave it in a wallet. + + +> A lot of you donā€™t believe in the Bitcoin system and thatā€™s fine. You can stay on the sidelines. But if you really want to become wealthy in the future I would suggest you take one frickin dollar, one dollar and buy some Bitcoin and put in a god damn wallet. + + +Now, out of curiosity I canā€™t help but wonder the obvious question of what would have happened had I put just $1 into Bitcoin or 5 or 20 etc. + +(I could not find the exact price of Bitcoin for May 9th 2013 when he uploaded the video. CoinMarketcap showed me May 5th and 12th and Coingecko showed me May 6th. The price was fluctuating between 110-115. I met in the middle with 113.) + + +Bitcoin at $113 | Dollar amount invested | Value now +:--|:--:|--: +- | $1 | $415 +- | $5 | $2,079 +- | $20 | $8,318 +- | $100 | $41,592 +- | $170 | $70,707 + + +I included $170 because May 9th 2013 was a day after my birthday. I had just turned 18 and gotten my first tattoo for about that price. I did not know anything about Bitcoin but If I could time travel Iā€™d tell my past self ā€œfuck the tattoo, get this magic internet money!ā€ + +Do any of you remember his video when it came out? If so, did you buy? +(Please join up in our slack if interested https://join.slack.com/t/icoreview/shared_invite/MjEzNzQ4MjY0ODgwLTE1MDAzOTk2MjItMDk3Yjg4M2RkOQ) + +Last week I posted [a thread](https://np.reddit.com/r/ethtrader/comments/6o0om9/upvote_if_you_think_ethtrader_should_create_a/) about the EthTrader community mobilizing to enforce some greater standards on ICOs. It was well received, and a fair amount of people (over 60) joined up in the slack and we hashed out a google doc of what we thought was the most important criteria for evaluating ICOs. Then throughout this process a few more ICOs were "hacked", underscoring the need for a little more accountability and/or attention towards security measures being taken by ICO companies. + +Now to follow up on this, we want you to pick it apart -- call it a piece of crap, call it a broken scale, stupid criteria, etc -- and then offer up some alternative ideas if you feel this way. After we polish up this report card, we will be one step closer to implementing a solution for the community to come at ICOs with (which we have a few things in mind as for how to get this criteria put to use). + +**Here is an imgur screen shot of the report card document:** + +- https://i.imgur.com/b2DoCJR.png + +- https://i.imgur.com/cQMKHjJ.png + +And here is the doc to provide edits or comments if you wish: + +https://docs.google.com/document/d/1oWqyVMKQ0-oAJPxNLAWiclqkHHH3TRV_J4dLI6zu6tQ/edit#heading=h.rx8ksy61mx6 + +Cheers. +I just saw this article today and trying to wrap my head around it. + +[Buffettā€™s Berkshire bought about $1 billion worth of Activision shares before Microsoft deal](https://www.cnbc.com/2022/02/14/buffetts-berkshire-bought-activision-stock-before-microsoft-deal.html) + +I have a few questions that I can't answer by myself. + +1. It seems like they knew about the deal but dow? +2. Is that considering an insider trading if someone from inside Activision informed Berkshire about the deal? +3. Is that the advantage of being a big investor rather than a retail investor? +4. Are we, as an individual investors, ever going to know this kinds of deals before they actually happen? How? Just by following the news? + +I just feel like if retail investors would have known that it's going to happen then most of us would have made a choice if investing in Activision too, just like people jumped on Peloton after the Amazon and Apple news. + +I am not looking to get answers for all of my questions at the moment but just a discussion on this and to know what some of you folks think of it. +Ok I know you retards here are jacking off at VUL and your other shitty mining companies, but listen the fuck up. Those rockets have taken off and the fuel is almost exhausted. But guess what, GME meanwhile is still fuelling up. + +GME is going to the fucking stratosphere, I don't care. I ain't selling till it reaches $500 minimum šŸš€šŸš€šŸš€šŸš€. + +I know you retards too well. You've seen TSLA everywhere and are like "fuck I should've invested in TSLA when it was $420 pre split, I should've seen the short squeeze coming. I would've been a millionaire." Want another chance? GME is that chance. GME is going to have the biggest short squeeze in the history of fucking forever. + +Do yourself a favour, get your dollarydoos out and exchange them for freedom bucks and go fucking buy some GME shares at market open tonight, you pussies. + +Positions: $10K AUD worth of GME shares. + +*Disclaimer because I don't wanna get raped by the SEC or ASIC: Do your own research, this post is for entertainment purposes only (but seriously, buy GME). + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +Edit Proof: + +https://ibb.co/xz6f2F2 +I read things saying the Federal Reserve is going to raise rates and mortgage rates are going to go up. Isn't this only going to hurt the consumer? Why do banks and lenders need to make more money? Is this so the can lend more money? Or is it they are just greedy? +I was sitting here thinking about how if Iā€™m sure of this I should just say fuck it and go all in on GME to get the full benefit. So, the little like 20% I have tied up in other stocks will be sold and moved into GME. I will see you all on the moon. + +PS I did DRS more shares today. + + +**Big addendum/ edit in response to comments....** +Thanks for all the feedback. I decided to double check my assumptions again with Firecalc and feel comfortable this can work. + +Since I can tap the 401k using the age 55 rule, I'm treating that as liquid investments that is available now. Throw in the other odds and ends, and we'll call it $1.5 million. I assume the retirement starts at end of 2020/early 2021. I assume spouse takes early social security two years later in 2023 and I take it on time in 2029. In addition, a $25,000 annual pension for me starts in 2027. + +I have reduced my estimated annual budget to $90,000 after tax, which I think is adequate to cover the housing, food, even some extensive travel if planned carefully. (This is lower than my original figure). It is above a traditional safe withdrawal rate but that is where later retirement income comes in after 8-10 years. + +I used Bernicke's reality spending model that assumes spending would naturally decrease in retirement. You travel less, eat less, buy less new clothing or other crap as you get older, that's normal. + +I assume a lifespan of no more than 25 more years, based on actuarial tables. If I had to guess, that is a very optimistic time frame for me at least. The results... + + +**FIRECalc looked at the 124 possible 25 year periods in the available data, starting with a portfolio of $1,500,000 and spending your specified amounts each year thereafter. Here is how your portfolio would have fared in each of the 124 cycles. The lowest and highest portfolio balance at the end of your retirement was $1,187,785 to $9,323,997, with an average at the end of $3,903,777. ** + +That feels pretty safe! Most of the variables ā€” other spending models, later SS benefits, etc ā€” make little difference. + +In a very worst case where Firecalc is wrong, market crashes for 15 years, SS goes belly up, pension fund gets stolen, etc, we could sell the condo, invest the equity and move to a lower cost situation anytime. Or the equity could buy into an assisted living place in very old age. What am I missing? + + +ā€”ā€”ā€”ā€”ā€”ā€”ā€” +Original post with minor edits: + + + +Throwaway account. + +I am 57 in HCOL city. Enjoy my work, top of my field, but day to day corporate struggles feel like a waste on bad days. The many more great days are wonderful and rewarding. But I am not the master of my time. The compensation comes with obligations. The vacation is generous but I still work most of the year. I can see from my numbers that I could FIRE but still feel strongly about the mission and loyalty to people I hired and supervise. But I fear health decline before I do more travel / live abroad / enjoy life more. + +The numbers +Salary and annual bonus $300K per year +401K is maxed every year and tops $1.4 million now with good employer match. Index fund +Roth IRAs for me and spouse at $300,000 (individual stocks, can no longer contribute directly because of income limits) +Condo worth $2.5m with monthly $6,000 in mortgage ($250k balance, 2.25m equity) +About $200k in investments (stocks, bonds) in taxable accounts +Restricted company stock $50k that I Iose if I retire before vesting in three years +Various other holdings that get us to about $4m net worth if you count real estate, 1.5m if you donā€™t +Annual spending about $150k until child finishes college in 3 yrs then maybe $100k or less depending on travel and hobbies. College costs mostly covered by a 529 and generous in-laws +(I am leaving out some spouse assets I do not want part of the calculation because she views FIRE as risky and hard to believe. She would readily move away from hcol city.) + + +Considerations: +I grew up low income and was in debt / negative net worth until my mid 30s. This turnaround took 25 yeas and is unimaginable to me. I get great freedom knowing I could walk away but worry about some great miscalculation. + +For example, I would like to remain in hcol cityā€™s another 10 years to forever. But I fear spending down the 401k too much before social security and pension kick in. I worry about being forced to sell the home to unlock equity. + +And the money is so good. I see people on Reddit FIRE with far less. I could pay off the mortgage by working a few more years. I could set up a Roth IRA ladder. + +I also am worried about a cash crunch until reaching 59.5 though I have heard of the 55 rule and wonder if I can tap 401k early. But then I start spending it down sooner. + +And every year I get richer. Is it crazy to forego the salary, bonus, stock, when every year adds to the degree of comfort I feel about old age or the power that money brings to solve problems? + +I have run firecalc etc and know I could probably draw from accounts safely, perhaps double my current spending, and still watch the money and real estate grow in value in most scenarios. + +But I worry about a serious health crisis, economic catastrophe, climate change etc. some black swan that reveals I have grossly miscalculated. Thirty to 40 years is a long time. A lot can happen. Of course for all I know I might only have 10, or even 5 years. I have seen acquaintances my age die. + +I donā€™t think I will be bored in retirement, especially in this city, but that is also a fear, or that travel will get tiring, or that colleagues will judge me for not sticking with the mission we all believe in, that it will feel like a betrayal to them (mixed with jealousy unless I make up some reason like health or family concerns or novel writing plans). That should not even matter! Yet. + +It feels like this should be a no-brainer. So why am I still going to work every day? + + +(Some edits to clarify) +Is there anyone here that is very rich, say 20 million+? If so, you could have quit long ago, why didnt you? Do you find any more life satisfaction with 20 million than 5 or 10? What about from the intangible benefits that come along with corporate and economic power? + +Context: when discussing my FIRE plans with my very wealthy father and telling him I want to retire at 5 million, he said he's glad he didnt. For a number of reasons that are atypical of the philosophy I usually see in this sub. He says if he had done this, he would have: +1. Missed out on the most enjoyable and fulfilling years of his career when he was an exec. +2. Not have the lake house and beach house that we admittedly all get a lot of material pleasure from +3. Not be on the board of a lot of local non profits and generally be recognized as a member of the elite that as snobbish as that sounds, makes him feel accomplished, respected and ultimately satisfied with his life. + +I feel its unlikely anyone here agrees with him, but sometimes I wonder if thats because we want FIRE because we are so impatient being stuck in middle management and at the middle or low of our careers even if they are relatively well paying. I also think there's some element of sour grapes involved and a desire to get out of the rat race for being scared that we cant achieve the top level in the economic hierarchy, so may as well pretend not to try/care. + +I dont like working, but Ill be the first to admit its largely because Im lazy and would rather be playing video games or sipping pina coladas on the beach instead. Does that mean FIRE is the best long term choice for my fulfillment and life satisfaction though? +Everywhere I read says that the last recession that ā€œwas feltā€ in Australia - was in the early 90s. + +What do you remember from the time? I read that a few banks collapsed etc What was the most adverse effect that was felt? And what was the most adverse thing that affected most people? +Last night I had a date with a gorgeous lady who asked me what some of my hobbies were and I played it cool and said "Investing". She was interested so I gave her the low-down on GME, NFTs, Ryan Cohen, and Superstonk the whole shabang. I told her that there's an exciting future for GameStop's NFT marketplace and about their partnerships with IMX and Loopring to make it possible. I probably talked for 15 minutes straight without letting her get a word in, because I was so passionate about it. Anyways she hasn't responded to my texts this morning, she's probably busy at work. +Hi all, + +I am really stressed and concerned about a situation I am facing with Revolut. I live in UK and I use Revolut on a day to day basis and have over Ā£18,000 in my account. I received a [message](https://ibb.co/9qsd4Lf) on 15th of August that my account is limited because of some review apparently. I was told it would take 2 days and I thought thatā€™s fine. + +2 days later, I received another [message](https://ibb.co/R9Lfz8w) saying that the review will probably be finished in 11 business days! That was really worrying for me as I need the money for day-to-day stuff (shopping etc) and I donā€™t understand why they blocked my money. + +Today, I messaged them again and they said it will take another 27 calendar days! Now I am in a situation where I canā€™t pay off my bills. + +The Revolut agents have been helpful to be honest, but they are not offering any explanation as to why this is happening, all they are saying is that these are security checks they need to carry out. + +Do I need to consult a solicitor about this? Any advice would be highly appreciated. + +Thank you +Michigan-based entrepreneur Robert Simpson decided to see what would happen if he bought the entire stock of one company. Using a single broker, within a couple of days Simpson had paid a little over $5,000 for 1,285,050 shares in OTC bulletin board property-development company Global Links. According to Simpson, these shares were delivered into his account shortly afterwards. Yet the following day 37,044,500 Global Links shares were traded on the bulletin board. The next day, 22,471,000 shares were traded. On neither day had Simpson traded a single Global Link share, he insists. And events surrounding Simpson's investments became yet more confusing. Global Links had only ever issued 1,158,064 shares. Simpson had managed to acquire 126,986 shares that did not exist. How he had managed to be sold more shares than were in issuance is exactly the question Simpson hoped his foray would raise. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +Reverse-repo activity had a significant rise and hit a new all-time-high, well ahead of the "normal" ATH at the end of a quarter; clearly there is a need for high quality collateral these days. Evergrande appears to be heading toward an unsupported default, which obviously is going to have a large impact across the world. And most importantly, evidence of what we all knew: that Kenneth Griffin perjured himself before Congress. While expecting anything to come from that is a bit optimistic given the players involved, what a treat it would be to see him held accountable for that. As GME volume continues to decline, and ComputerShare numbers continuing to rise, the MOASS is fueling up. Will we see some dramatic movements today? Do we get another weekend to anticipate what is in store? Bring your DiamantenhƤnde and let's watch! + +Today is Friday, September 24th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$192.36 / 164,03 ā‚¬** *(volume: 416)* +- šŸŸ© 115 minutes in: $190.88 / 162,76 ā‚¬ *(volume: 410)* +- šŸŸ© 110 minutes in: $190.86 / 162,75 ā‚¬ *(volume: 410)* +- šŸŸ© 105 minutes in: $190.44 / 162,39 ā‚¬ *(volume: 408)* +- šŸŸ„ 100 minutes in: $190.40 / 162,35 ā‚¬ *(volume: 403)* +- šŸŸ„ 95 minutes in: $190.59 / 162,51 ā‚¬ *(volume: 402)* +- šŸŸ© 90 minutes in: $190.82 / 162,71 ā‚¬ *(volume: 394)* +- šŸŸ„ 85 minutes in: $190.69 / 162,60 ā‚¬ *(volume: 388)* +- šŸŸ© 80 minutes in: $191.76 / 163,51 ā‚¬ *(volume: 388)* +- šŸŸ„ 75 minutes in: $189.79 / 161,84 ā‚¬ *(volume: 388)* +- šŸŸ„ 70 minutes in: $191.47 / 163,26 ā‚¬ *(volume: 309)* +- šŸŸ© 65 minutes in: $192.51 / 164,15 ā‚¬ *(volume: 225)* +- šŸŸ„ 60 minutes in: $191.55 / 163,34 ā‚¬ *(volume: 220)* +- ā¬œ 55 minutes in: $191.60 / 163,38 ā‚¬ *(volume: 218)* +- šŸŸ„ 50 minutes in: $191.60 / 163,38 ā‚¬ *(volume: 218)* +- šŸŸ© 45 minutes in: $191.67 / 163,44 ā‚¬ *(volume: 158)* +- šŸŸ„ 40 minutes in: $191.61 / 163,39 ā‚¬ *(volume: 108)* +- šŸŸ„ 25 minutes in: $191.66 / 163,43 ā‚¬ *(volume: 91)* +- ā¬œ 20 minutes in: $191.70 / 163,46 ā‚¬ *(volume: 80)* +- šŸŸ„ 15 minutes in: $191.70 / 163,46 ā‚¬ *(volume: 80)* +- šŸŸ© 10 minutes in: $191.76 / 163,51 ā‚¬ *(volume: 79)* +- šŸŸ© 5 minutes in: $191.73 / 163,49 ā‚¬ *(volume: 79)* +- šŸŸ© 0 minutes in: $191.72 / 163,47 ā‚¬ *(volume: 46)* +- šŸŸ© US close price: $191.24 / 163,07 ā‚¬ *($191.99 / 163,71 ā‚¬ 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 1.17274952. 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) + +DiamantenhƤnde 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! +We have until **Dec 23, 2022** to comment on a joint [Federal Reserve](https://en.wikipedia.org/wiki/Federal_Reserve) and [FDIC](https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation) proposal requiring **banks at risk of bankruptcy to sell bonds (often marketed to retirees and pensions) to absorb losses**: ā€œ[Resolution-Related Resource Requirements for Large Banking Organizations](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221014a.htm)ā€ \[[Federal Register](https://www.federalregister.gov/documents/2022/10/24/2022-23003/resolution-related-resource-requirements-for-large-banking-organizations), [PDF](https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20221014a1.pdf)\]. + +# Absorbing Losses With Bonds + +The Federal Reserve and FDIC are proposing to require large banking organizations to **maintain long term debt** (e.g., bonds\^(1)) **capable of absorbing losses in bankruptcy** (i.e., resolution\^(2)). + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 14](https://preview.redd.it/p8a9n506644a1.jpg?width=2296&format=pjpg&auto=webp&s=49d1fbe0d16af763fe5c890b873a1ded27299bf3) + +Particularly for the largest and most complex large banking organizations, **this loss absorbing capacity** could help the FDIC resolve a forecasted bankruptcy with a [bail-in](https://www.investopedia.com/terms/b/bailin.asp) ([Superstonk](https://www.reddit.com/r/Superstonk/comments/q3ifam/your_tendies_r_at_risk_in_a_global_and_domestic/)) [instead of a bailout](https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp). + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 11](https://preview.redd.it/outy3g88644a1.jpg?width=2296&format=pjpg&auto=webp&s=554a5e6e739104bddf364274aacffcec643b6273) + +When the bank goes bankrupt and **bails-in** the long term debt, the value of the debtholderā€™s note (the bonds) get wiped out. + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 19](https://preview.redd.it/aymiunyb644a1.jpg?width=2304&format=pjpg&auto=webp&s=ddec072a900dafed99d0088fe3d1c102fdb21e20) + +Meaning the Federal Reserve and FDIC are proposing to require banks to look for ā€œinvestorsā€ to buy crappy bonds in banks about to go bankrupt to soak up losses. + +*Why does the Federal Reserve and FDIC want to throw investors under the bus?*Ā  Because having bond ā€œinvestorsā€ buying **loss-absorbing resources** to soak up losses ā€œwould be less costly to the [DIF \[FDICā€™s Deposit Insurance Fund\]](https://www.fdic.gov/resources/deposit-insurance/deposit-insurance-fund/) than a payout of insured depositsā€. + +[Resolution-Related Resource Requirements for Large Banking Organizations pg 13](https://preview.redd.it/rvx6r1gh644a1.png?width=2856&format=png&auto=webp&s=f92a9df3bdd5e4d6878ea21fd6a46f8f2e7ef5c8) + +Which means the Federal Reserve and FDIC are proposing to require banks at risk of failure to sell crappy bonds to ~~suckers~~ ~~bag holders~~ ā€œinvestorsā€ to soak up losses first *so that FDIC insurance can pay out less*. + +# Bonds Targets Retirees and Pensions + +You may remember [Kenneth C. Griffin](https://en.wikipedia.org/wiki/Kenneth_C._Griffin) said [pensions were going to get wiped out](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/).Ā  Bonds are another path for how pensions and retirements get wrecked as the financial industry recommends bonds as a safe investment, especially as one gets older towards retirement.Ā Ā  + +[T. Rowe Price](https://en.wikipedia.org/wiki/T._Rowe_Price), a global investment management company, has [this article about asset allocation](https://www.troweprice.com/personal-investing/resources/insights/asset-allocation-planning-for-retirement.html) (Aug 2022) which recommends investing more heavily in bonds towards retirement: + +https://preview.redd.it/z6gxg44f744a1.png?width=1280&format=png&auto=webp&s=466a09ac307d7665bf944ee4c22c9d19381e07a4 + +[Charles Schwab](https://en.wikipedia.org/wiki/Charles_Schwab_Corporation) also recommends ā€œ[Structuring Your Retirement Portfolio](https://www.schwab.com/learn/story/structuring-your-retirement-portfolio)ā€ (March 2021) with more bonds as you get older in retirement. + +https://preview.redd.it/n4yvm90k744a1.png?width=1592&format=png&auto=webp&s=aa37f6c0fea0614d0ac79943a0bb704cbf4f92a4 + +JP Morgan recommends ā€œ[Building Better Retirement Portfolios](https://am.jpmorgan.com/hk/en/asset-management/adv/insights/retirement-insights/building-a-better-retirement-portfolio/)ā€ by investing more heavily into bonds towards retirementĀ  ([remember JP Morgan selling $13B worth of bonds?](https://www.reddit.com/r/Superstonk/comments/mrm243/jpmorgan_to_sell_13_billion_of_bonds_in_largest/)): + +https://preview.redd.it/df212pmm744a1.png?width=1888&format=png&auto=webp&s=b4f05b0b7e75d5072d9166677aa3c8cbcf115678 + +Bonds' history as a safe investment means Wall St, with help from the Federal Reserve and FDIC, is weaponizing that reputation against investors.Ā  Recently, ā€œ[**BlackRock** Touts Its Ideal Asset Mix to Hit Allocatorsā€™ Target Returns: The best chance of reaching a 7.5% gain is to **go heavily into bonds**, its study contends](https://www.ai-cio.com/news/blackrock-touts-its-ideal-asset-mix-to-hit-pension-plans-target-returns/)ā€ (Oct 2022) recommends a whopping **85% bond allocation** as ā€œwelcome news to **pension** programs and other institutional investorsā€. + +https://preview.redd.it/kjgwsnpq744a1.png?width=1496&format=png&auto=webp&s=d5ef0c287654c5909fc1da824b23ddc781cb42fa + +UK pension funds have been shifting into bonds with ā€œ72 per cent \[sic\] allocated to bondsā€ at the end of 2021 (ā€œ[Pension funds after the gilts crisis: the big asset allocation rethink](https://www.ft.com/content/1854d64f-491d-432e-9899-2fd565e7ff06)ā€ Financial Times, Nov 2022).Ā  And, the OECD says ā€œAssets in **retirement savings plans** and in public **pension** reserve funds are invested mostly in traditional asset classes (primarily **bonds** and equities). Proportions of equities and bonds vary considerably across countries but there is, **generally, a greater preference for bonds**.ā€ ([Pensions at a Glance 2021: Allocation of Assets](https://www.oecd-ilibrary.org/sites/bad9dccd-en/index.html?itemId=/content/component/bad9dccd-en)) + +With **BlackRockā€™s recommended 85% bond allocation**, pensions and retirement portfolios are going to look for more bond investment opportunities.Ā  The financial industry recommends bank products and corporate bonds to **risk averse investors**, like pensions and those in and near retirement.Ā  + +https://preview.redd.it/ap028nkx744a1.jpg?width=1074&format=pjpg&auto=webp&s=5e04860490e8b3330432241d223c26d22cf20e38 + +**Bank bonds** *appear* to check off two of those safe categories as a *bank* product and corporate *bond* which means Wall St can *advertise* bank bonds as safe retirement investment; when in reality, the bank bonds are for sale because the bank is near bankruptcy and they (the FDIC and Federal Reserve) want ~~suckers~~ ~~bag holders~~ ā€œbond investorsā€ to absorb losses first.Ā  (Donā€™t expect ratings agencies to help as we learned from The Big Short.) + +# TADR + +The Federal Reserve and FDIC are jointly proposing that large (Too Big To Fail) banks *at risk of failing* be required to sell bonds (typically marketed to pensions and risk averse investors saving for retirement) to absorb losses and reduce payouts by the FDIC Deposit Insurance Fund. + +[Crayon Drawing](https://preview.redd.it/2cyquovac44a1.png?width=3428&format=png&auto=webp&s=0f086dac7030ed1d97e283f6ae4b42deae1ad5cd) + +# Give the Federal Reserve and FDIC Your Opinion by Dec 23, 2022 + +If you disagree with this joint proposal by the Federal Reserve and FDIC, we have until **Dec 23, 2022** to comment.Ā  This proposal has a section on [Public Input](https://www.federalregister.gov/d/2022-23003/p-42) and ā€œ[Interested parties are encouraged to submit written comments jointly to both agencies.](https://www.federalregister.gov/d/2022-23003/p-5)ā€Ā  ***That means you!*** + +The easiest way to comment appears to be via email. + +1. **Use an anonymous email if you prefer to stay an anonymous ape.**Ā  (Consider [Appleā€™s Hide My Email](https://support.apple.com/en-us/HT210425) and [Proton Mail](https://proton.me/mail), amongst [other options](https://nordvpn.com/blog/free-anonymous-email-account/#best-anonymous-email-providers).) +2. **Email the Federal Reserve** at regs.comments@federalreserve.gov with the **subject** ā€œPublic Comment on Docket No. **R-1786 and RIN 7100-AG44** ANPR Resolution-Related Resource Requirements for Large Banking Organizationsā€. +3. **Email the FDIC** at comments@fdic.gov with the **subject** ā€œPublic Comment on RIN 3064-AF86 ANPR Resolution-Related Resource Requirements for Large Banking Organizationsā€. + +Feel free to use and/or modify the following template: + +>I disagree with the proposal entitled ā€œResolution-Related Resource Requirements for Large Banking Organizationsā€ Docket No. R-1786 and RIN 7100-AG44 / 3064-AF86.Ā  Banks at risk of bankruptcy should not be required to sell long term debt (e.g., bonds) for the purpose of absorbing losses.Ā  (See, e.g., ā€œthe agencies are considering the advantages and disadvantages of requiring large banking organizations ā€¦ to maintain **long-term debt capable of absorbing losses in resolution**.ā€)Ā  This proposal is a malicious self-serving attempt to shift predictable (ā€œex anteā€) costs to resolve the bankruptcy of a large banking organization from the FDICā€™s Depository Insurance Fund to unsuspecting investors. (See, e.g., ā€œavailability of this loss-absorbing resource at the insured depository institution ā€¦ would be less costly to the DIF than a payout of insured depositsā€ and ā€œ\[w\]here it is necessary to bail in the LTD, the value of the debtholderā€™s note may be significantly or completely depleted.ā€\] +> +>And, how much time does the Federal Reserve and FDIC need "to consider the impact on future financial stability of marketing a failed institution in whole or in parts"? Has the Federal Reserve or FDIC successfully marketed a failed institution, in whole or in parts?Ā  ā€œDuring the global financial crisis, there were limited and undesirable options available to the FDIC for resolving the largest failed IDIsā€ with limited improvement more than a decade later as the FDIC continues to seek ā€œimprove\[d\] optionality in resolving a large banking organization or its insured depository institutionā€.Ā  Even the most naive should realize that marketing a failed institution erodes trust in the financial system.Ā  Trust that has already been greatly eroded by the handling of the 2008 global financial crisis where Too Big To Fail banks were bailed out by taxpayers with few, if any, consequences.Ā  Have the Federal Reserve and FDIC considered the impact of proposing and requiring failing banking institutions to *knowingly* sell junk bonds for the purpose of absorbing losses?Ā  The Federal Reserve and FDIC should consider the impact on a fiat currency issued by an untrustworthy Federal Reserve backed by a self-serving FDIC in addition to the roles the Federal Reserve and FDIC may have in future books and movies about the next financial crisis.Ā Ā  +> +>**Failure must always be an option** for banks and other financial organizations. With the context of ā€œ[Banks with Something to Lose: The Disciplinary Role of Franchise Value](https://www.newyorkfed.org/medialibrary/media/research/epr/96v02n2/9610dems.pdf)ā€ (1996), insolvency and loss of franchise value no longer counterbalance against risk when institutions are not allowed to fail. When failure is not an option, there is no downside to excessive risk taking as they have nothing to lose and all to gain.Ā  Eliminating failure as an option naturally promotes excessive risk taking that increases risks to financial stability. No financial institution should be Too Big To Fail.Ā  **Failure must always be an option.** + +Also consider the following ideas for comments when writing your comment: + +1. Just disagree with the proposal. Anything you write about how terrible this proposal sounds will help. +2. Summarize the proposal in ELIA format and provide your opinion on it.Ā  The Federal Reserve and FDIC are jointly proposing that large (Too Big To Fail) banks *at risk of failing* be required to sell bonds (typically marketed to pensions and risk averse investors saving for retirement) to absorb losses to reduce payouts by the FDIC Deposit Insurance Fund.Ā  **How do you feel about someone screwing over retirements just so the FDIC insurance fund can pay out less?** +3. Privatizing profits and socializing losses needs to stop. Shifting the burden for failed banking institutions to taxpayers (and especially retirement funds) by *fraudulently* selling crap bonds is why many apes say "No Cell, No Sell". We want criminal penalties. Remember, [only one guy went to jail in the US as a result of the global financial crisis -- for mismarking bond prices](https://en.wikipedia.org/wiki/Kareem_Serageldin).Ā  +4. Why is there a presumption that a failing institution can "preserve franchise value" (aka stay profitable) by raising funds selling long term debt? A failing institution is at risk because of poor financial and risk management. Why does the Fed and FDIC assume funds raised would not be similarly mis-managed (creating an even bigger problem)? +5. Why is "preserving franchise value" for a **failed institution** a priority? Failure is *always* an option. ([Adam Savage of MythBusters on Twitter](https://twitter.com/donttrythis/status/815033997122097152?lang=en)) +6. "[The mission of the Federal Deposit Insurance Corporation (FDIC) is to **maintain stability and public confidence**in the nation's financial system.](https://www.fdic.gov/about/what-we-do/index.html)" Do you have confidence in our financial system? This FDIC proposal throwing investors under the bus to absorb losses doesn't inspire much confidence. As a joint proposal with the Federal Reserve, it just gets worse. + +Comments can also be submitted on the [Federal Reserve website](https://www.federalreserve.gov/generalinfo/foia//ProposedRegs.cfm)\^(3) and on the [FDICā€™s website](https://www.fdic.gov/resources/regulations/federal-register-publications/). + +# Additional Resources + +For more information, see my prior DD posts: + +1. [JACKED: The Fed & FDIC are crying for help](https://www.reddit.com/r/Superstonk/comments/yc0jcv/jacked_the_fed_fdic_are_crying_for_help/) +2. [Fed to Wall St: Should we find suckers and bagholders for our failing banks?](https://www.reddit.com/r/Superstonk/comments/yed0dv/fed_to_wall_st_should_we_find_suckers_and/) +3. [This is how Wall St ensures heads they win and tails you lose](https://www.reddit.com/r/Superstonk/comments/yhx48w/this_is_how_wall_st_ensures_heads_they_win_and/) + +# Footnotes + +\[1\] ā€œCorporate **bonds** are a common type of long-term debt investment.ā€ ([Investopedia](https://www.investopedia.com/terms/l/longtermdebt.asp)) + +\[2\] [FDIC **Resolution** Authority](https://www.fdic.gov/resources/resolutions/resolution-authority/index.html): ā€œBankruptcy is the statutory first option.ā€ + +\[3\] Oddly, the Federal Reserveā€™s [current Electronic Comment Form](https://www.federalreserve.gov/secure/forms/ElectronicCommentForm.aspx?doc_id=R-1786&doc_ver=1) doesnā€™t work for me right now when [it used to](https://www.reddit.com/r/Superstonk/comments/ysisa0/commenting_to_the_federal_reserve/).Ā  Even the Submit link from the [Federal Reserve's list of Proposals for Comment](https://www.federalreserve.gov/apps/foia/proposedregs.aspx) leads to a comment form that says "Proposal not found". The tin foil hat on me wonders if maybe the Federal Reserve doesnā€™t want public comment?Ā  Perhaps more [technical issues](https://www.reddit.com/r/Superstonk/comments/xy7wwn/the_sec_lost_your_public_comments_press_release/)? +Original: + https://www.reddit.com/r/stocks/comments/oitmxh/my_parents_gave_me_my_grandfather_and_great + + +I contacted my bank and they were looking into both stocks for me. This was the response I received: + +------ + +I am following up on the status of your stock certificates. Below, you will see the response from our research and custody team: + +Strategic Materials Corp. went bankrupt in 1969. Their stock is worthless. + +Overbook Improvement Company still exists, however their stock is privately held. LPL doesn't accept private stock on non-retirement accounts. The client would be best advised to contact the company directly. We could not find contact points, but their business records are available with the State of Pennsylvania should the client like to chase further. + +While Strategicā€™ s value may be in framing the certificate as a keepsake, Overbrook may have some value. I hope this gives some insight to the next step regarding this. + +------ + +Welp, time to look into Overbrook and see if it does have value! + +Update: weirdly I found an address but...it doesn't seem to exist though is in my zip code! + + +[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. + +[šŸ“š Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [šŸ“š Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [šŸ“ˆ Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [šŸ¤” Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [šŸ’» Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [šŸ’” Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [šŸ“° News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [šŸ¤” Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [šŸ‘½ Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[šŸ“³Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [ā˜ 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 guess this is a reminder to retire to something, not from something. + +In the year leading up to my "retirement", I put together a list of projects a mile long. Things I really wanted to do. Things I had the skills to do (or needed to improve, but only on the edges of my capacity). Things I wanted to learn from scratch. Routine things like regular exercise that I wanted to improve. + +A year later, I've completed none of it. I'm not really sure what happens to most of my days. The first few months were great, I spent my time reading and drinking coffee, telling myself it was the "decompression period." Somewhere in there I have fallen in to a sort of depression: some combination of the lack of structure, the loose timelines on everything and the reduced pressure is going to take some serious learning to get over. My health feels worse than ever (though there was a period near the beginning where it was clearly best ever), but this is probably just my poor mental state. + +Here are some challenges I've got from not managing my mental state well. I expect these could be similar among many people who fit in my demographic -- high energy/career successful professionals. + +- Totally irrational fears: it turns out that with nothing urgent to deal with or worry about, I manage to create things to worry about. They're usually obviously unrealistic/low probability. +- Difficult to motivate any particular project: I have so many projects, but none that I'm sitting around a table with colleagues agreeing are the priority. With no one to disappoint, it has been difficult to motivate working on any particular one. This is particularly interesting because I would have described myself as intrinsically motivated, prior to this experience. +- Yo-yoing behavior. An extension of not being able to motivate any particular project is this level of ADD-style project selection. Start one, move on to a different one, go back, over and over again. I've made nearly no measurable progress on anything due to a lack of focus. + +I'm not really looking for advice (though, if you have it, that's cool). I just felt my story might resonate with some. + +Here's a cool observation: I retired at 120% of my (pretty lean) FI budget (just over 3.5%). I worked with a pretty lean number, because I always knew I was going to go back to work, do more small business activity, consult or something eventually. I'm now, about a year later, at 145% (my withdrawal rate is expected to be less than 3% now). A combination of unexpected income early in the process, unexpected values like my banked vacation time and tax return and a very small amount of small business stuff I have continued doing, combined with great market returns added up to be a straightforward numerical success. +You guys need to stop asking for people's strategies. People work hard and put in hundreds of hours backtesting and and forward testing and tweaking. Why should they just give you their strategy? Put the work in, test things out, and learn. Go on youtube, look up different strategies, test them out, tweak them to your liking. Backtest and test on demo. Doesn't work? Try something else. Too much work? Sounds too time consuming? It is! Thst why these guys dont want to, and shouldn't just give you their hard earned strategy. Put the work in so you can really make something out of the market. + +Edit: to clarify, I dont have an issue with people who choose to discuss or share their strategy. My problem is with the people who come into the comments and begging anyone who leaves a comment to know their strategy. + The majority of my friends at this point in my life are not interested in finance and investments and would have a hard time connecting with any of them on financial matters. None of them understand the concept of financial independence and retiring early. In fact, all of them are stuck in the rat race with an odd few that have family wealth but also stuck in the race to some extent. Because I lack a place to really discuss my passions and hobbies without feeling like a complete jerk I thought it would be better to share here with like minded people with a similar place in life. + +So, my family and I grew up poor with barely anything to eat and lived in a very poor part of town. My parents saved every penny and were able to buy a home and got us out of a bad place. From them, I learned how to save and be frugal and am deeply grateful for the their traits and attributes that shaped me and the shelter they've given me to grow my myself and to achieve my vision of freedom from the system. + +I started my journey out of high school in sciences as all Asian parents want their kids to become a Doctor. From there I learned of debt.. bad debt. On top of my scholarships I had to take out approximately 10k in student loans. This 10k did not sit well with me and I was constantly stressed that I had this debt under my name and that it would only grow in time. I sat in psychology class in the summer semester and wondered how I was going to ever pay off this debt if I never made it to become a Doctor and ended up in a science career. I made the conscious decision to stop sciences to pursue a field that handled money and finances. I went right into my first choice; which was accounting. + +I use to think that I would have to work for the rest of my life for an hourly wage to save for a retirement fund that would dwindle away. My mindset changed when I worked for an Accounting firm from where I saw how every client was living their life through business and and investing their monies. I thought to myself "why am I stuck in this hourly wage grind doing this for people when I can be doing it myself? what do they know that I don't?". + +All I could think of was getting out of public practice accounting as that wasn't my passion and start running a successful business. As soon as I received my license and absorbed all the accounting knowledge I could I switched gears. My friend offered me an opportunity to start a business that I had completely no knowledge of and boy was that a bad idea. I crashed and burned and wasted 2 years of my time and hardly earned money. I got lucky that I broke even and got out. + +I was back to square one.. depressed and out of luck and beat down by the competitive world of corporate and the crash and burn world of business ownership - both equally grueling and unforgiving. Though freshly graduated and recently given a reality check, at I least I had no debt as it was all paid off from working full time while schooling full time. + +I've hit rock bottom. I'm still at home in my parents basement and I literally laid in bed wasting away for nearly a year before I could snap myself out of it and get myself back in order first physically then mentally. I've always been an advocate of a healthy life and religiously went the gym but letting myself go for 3 years and by doing so gave me the worst gout and I was closing in on becoming a diabetic. I went back to the gym and convinced myself to move forward and get out of this mental state I put myself in. + +I looped back into Accounting to get myself back on track and worked a couple years and saved every little penny. All my birthday monies I received, donations from my grand mother, selling away my valuables on online. I was able to save up a decent chunk of change. + +I finally took the correct steps after preparing so many wealthy peoples' tax returns to actually invest like them. So, immediately I shifted my monies towards saving for investing into real estate and stocks. + +I bought my first rental property at 27. + +I bought a rental town home at 29. + +I upgraded my job to a dream job that anyone in finance would die for. Not a extremely high paying job by any means but one that is secure and very very flexible with great progression. + +I then sold my town home and refinanced my first rental to buy an even nicer rental triplex at 31. + +Today, at 32, my net worth is hovering just over a million in real estate equity and cash. + +Income from employment, cashflow from properties, principal pay down, annual appreciation and miscellaneous tax work.. I am bringing in around 220-250k a year. + +I've finally made it happen. + +My situation is mild compared to most but I thought I'd share with you all the mental struggles of financial "dependence" and what it does to one mentally. Achieving independence will set you free to do the things you love. + +I can now buy a meal without ever thinking of the cost, buy a friend a gift with no real limits, donate monies to causes I believe in, and most importantly; buy my own time back + +Edit: I decided to leave the post unedited and raw as it was how I was feeling at the time. Iā€™ll try and address all of the items that came off wrong as I was typing this late in the night. + +1. When I mention ā€œallā€ asian parents want their kids to become doctors is very true culture wise. I wasnā€™t meaning for it to come off stereotypical as I used ā€œallā€ for exaggeration purposes. This is a cultural thing and I want you to understand that difference. + +2. The opening remark needs more context. I do not brag to anyone or share my finances with any of my closest friends unless they are interested in learning and they do ask and prod here and there but thatā€™s the extent of it. I fly under the radar for the most part and want to help my friends and point them in the right direction but itā€™s tough as close friends have a hard time taking advice from close friends. Iā€™m aware of all of their financial situations as they do defer to me for tax advice. Also, we share a lot of other things in common but finance is one thatā€™s never discussed as thatā€™s a hard and uninteresting subject for most. + +3. My parents provided me shelter for the majority of my life and again this is a very cultural thing as we have a close nit family. My parents sacrificed to give me a better start and a future and I wouldā€™ve been stupid squandering what they gave me. + +4. When I said that my situation was mild compared to most I meant that my transformational journey was mild as I didnā€™t have a crazy story where I went from homeless to billionaire. Iā€™m just providing a regular guys joeā€™s perspective. + +5. I apologize for all of the grammar and spelling mistakes. + +6. ā€œIncomeā€ needs to be corrected to ā€œannual net worth increaseā€ + +7. I did not elaborate or detail how difficult it was articling with a firm and schooling full time for years or running a business. Just know it is hard. + +8. I left my science studies in year 2 with 10k in debt after scholarships. +Before you post your ā€œdonā€™t danceā€ post, stop and think. How many other people here are trying to seem like the mature responsible ones saying the same? + +WE did nothing WRONG. We can dance if we want to and we can leave our friends behind. They donā€™t dance so theyā€™re no friends of mine. + +Let me tell you why you should dance, you were right. Early but right. Let me tell you why you shouldnā€™t dance. Oh no reason. + +You got it bitch. + +Edit: to the person who just reported me for suicidal stuff. Then blocked me. Eat dicks cunt šŸ˜‰ +Before you post your ā€œdonā€™t danceā€ post, stop and think. How many other people here are trying to seem like the mature responsible ones saying the same? + +WE did nothing WRONG. We can dance if we want to and we can leave our friends behind. They donā€™t dance so theyā€™re no friends of mine. + +Let me tell you why you should dance, you were right. Early but right. Let me tell you why you shouldnā€™t dance. Oh no reason. + +You got it bitch. + +Edit: to the person who just reported me for suicidal stuff. Then blocked me. Eat dicks cunt šŸ˜‰ +Finished watching The Office for the 3rd time and I think Dwight might be financially independent. + +Evidence of Income: + +He is the top salesman in his company, inherited and now owns/runs a 60 acre beet farm/B&B and inherited another 1600 acre farm from his Aunt Shirley when she passed, bought and operates the Scranton office park. + +Evidence of Frugality: + +Drives a 1986 TransAm during the entire shows run (2005-2013), wears cheap/presentable professional clothing, almost always packs his own lunch for work (and brings his own water), resourceful at home and work - digs his own ditches, slaughters his own meals. Was incredibly frugal managing the office park until Pam threatened to move: un-plied the toilet paper, put locks on the thermostats, added a revenue generating billboard. + +Has an F-U money mentality - resigned and went to work at Staples rather then having the office find out he was dating Angela. Curious that he didn't take any time-off if he had enough money, but was still willing to risk career for his moral stance + + +Evidence that he is not FI: + +Has some expensive hobbies - paintball, weaponry, karate. Doesn't have kids but most likely supports Mose financially + +Makes me think he was well on his way to FI if not there already. There must be countless other examples and some counter-examples. + +Edit: + +Dwight FI Quotes: + +ā€œNothing stresses me out. Except having to seek the approval of my inferiors.ā€ + +ā€œItā€™s a real shame because studies have shown that more information gets passed through water cooler gossip than through official memos. Which puts me at a disadvantage because I bring my own water to work.ā€ + +ā€œWould I ever leave this company? Look, Iā€™m all about loyalty. In fact, I feel like part of what Iā€™m being paid for here is my loyalty. But if there were somewhere else that valued loyalty more highlyā€¦ Iā€™m going wherever they value loyalty the most.ā€ + +Channeling a MMM mentality? + +ā€œThe principle is sound. To avoid illness, expose yourself to germs, enabling your immune system to develop antibodies. I donā€™t know why everyone doesnā€™t do thisā€¦ Maybe they have something against living forever.ā€ + +ā€œI signed up for Second Life about a year ago. Back then, my life was so great that I literally wanted a second one. Absolutely everything was the sameā€¦except I could fly.ā€ + +Side-Hustles: + +ā€œNow that I own the building Iā€™m looking for new sources of revenue. And a daycare center? Muahahahahahahahahaā€¦Well I guess itā€™s not an evil idea, itā€™s just a regular idea, but thereā€™s no good laugh for a regular idea.ā€ + + + +While patiently waiting for MOASS let me ask this. What will everyone do everyday once they donā€™t have to waste time going to work anymore because we are all rich. I have been spending a few hours everyday at work for the last two years thinking about how I canā€™t wait to just go golfing everyday instead of wasting any more time at work. Every bad day at work I feel better knowing soon I will never have to go back. I know golfing every day is about the most basic white dude thing to look forward to when rich but I love it. What will your thing be? +Been experimenting with VWAP more lately. What are your entry/exit trading signals using VWAP? Are there specific stocks you trade/apply the indicator to? +Thank you for accepting me to your group. About a month ago, I liquidated the majority of my savings into BTC to hedge against inflation for the upcoming economic crisis, which I think is going to happen soon, after talking to friends and colleagues. After reading about ETH though, I decided to exchange my BTC for ETH. Last week was rough, but I am definitely going to hold for the long term. I am pleased to see things are bouncing back, and I am hopeful for the future. Beats money sitting in my savings account not doing anything, or even worse, losing 2% per year (or more) due to inflation. + +To the moon! +Like the title says, condos generally are a bad investment. The only reason to buy a condo would be to live there; I wouldnā€™t consider a condo a good investment for a few reasons: + +Ā· There is more condo inventory than other real estate (townhouses, SFH). A high-rise condo building with 200 units can fit on 1-2 acres of land. This same parcel would only fit 10 or so single family homes. The high condo inventory keeps prices low + +Ā· Condos appeal to a smaller pool of buyers. People with kids want more space than a condo provides. Most people donā€™t want a condo as their forever home + +Ā· HOA fees will eat into your cashflow. If the condo building is mismanaged or has high maintenance costs, the HOA fee will increase and there isnā€™t much you can do about it + +Here are some real #ā€™s for a condo I bought back in 2009. This is in a high-cost of living area (Close to DC): + +Year Bought: 2009 +Purchase Price: $335K +Current Value: ~$385K +Appreciation: ~1% / yearā€¦THAT SUCKS + +For reference, single family starter home prices in my area have just about doubled during that time period. The S&P 500 has quadrupled since 2009! + + +Edit: Admittedly this post is an oversimplification and every market is different. In Northern VA, the two condos my wife and I own havenā€™t appreciated since weā€™ve owned them. The townhouse and house we own have had great appreciation. Looking at the local market as a whole, if you bought anything with land under it in the last 10 years youā€™ve likely done great, but the condo market hasnā€™t kept up with other real estate. + +TL;DR; In the DC area Iā€™d only buy a condo if you want a low maintenance place to live. Donā€™t buy a condo as an investment. +So if population decline like what is happening in East Asia and the rest of the world continues to worsen over a long period of time can capitalism an economic system based on growth cope longterm? Would a different economic system take its place? Which would be best? +I know that the usual answer is that Venezuela is printing money. But what is different from the US (or any other country) printing lots of money to get out an economic downturn. Specifically **what is it about Venezuela that is making it SO much worse** than any other country that prints money. **Is there any economic policy Venezuela can implement to prevent it from becoming a totally a failed state?** +Specifically: could a communist utopia work from a purely economic perspective and if yes, how would a working communist utopia work? +Furthermore if somebody could recommend some books on the marxist economics, I would appreciate it. +Shockingly, people like when their property increases in value. Home ownership is sold to Americans as a means of financial stability and gaining wealth. + +At the same time, most everyone in my city Iā€™ve spoken with, rich or poor, will agree to at least some extent that rent is ~~too damn high~~ outrageously overpriced and that our local government ought to play a role in helping the working class afford to actually live here. + +To me, these two viewpoints are in opposition to each other and it feels like no one really acknowledges that or tried to explain away the cognitive dissonance. Your home increasing in value from 300k to 2m doesnā€™t happen in a vacuumā€”you gained wealth precisely *because* housing and rent has become unaffordable to the working class. + +Am I not creative enough? Is there a way for Americans to gain wealth from home ownership without it being at the expense of others? +Looking for a good follow-up to u/Integralds post about a year ago with developments up to 2008, went through some of their post history and looked through the NBER pages of some of the linked economists to see if they had written anything but I came up short. Anyone with good source suggestions for broad updates? Much appreciated + + +[https://www.reddit.com/r/AskEconomics/comments/bod2le/new\_vs\_neo\_keynesians\_new\_vs\_neoclassicals\_which/enfgcnc?utm\_source=share&utm\_medium=web2x](https://www.reddit.com/r/AskEconomics/comments/bod2le/new_vs_neo_keynesians_new_vs_neoclassicals_which/enfgcnc?utm_source=share&utm_medium=web2x) +Shockingly, people like when their property increases in value. Home ownership is sold to Americans as a means of financial stability and gaining wealth. + +At the same time, most everyone in my city Iā€™ve spoken with, rich or poor, will agree to at least some extent that rent is ~~too damn high~~ outrageously overpriced and that our local government ought to play a role in helping the working class afford to actually live here. + +To me, these two viewpoints are in opposition to each other and it feels like no one really acknowledges that or tried to explain away the cognitive dissonance. Your home increasing in value from 300k to 2m doesnā€™t happen in a vacuumā€”you gained wealth precisely *because* housing and rent has become unaffordable to the working class. + +Am I not creative enough? Is there a way for Americans to gain wealth from home ownership without it being at the expense of others? +So given all the recent debate about the fed printing money and inflation, I've been trying to read up a bit more on the role of the fed in regulating money supply. + +From what I understand the primary tool is the setting of interest rates, which has a strong effect on the availability of credit in the economy. However I've also been learning about how banks create money through fractional reserve banking. Here it would seem like the primary lever the fed has is setting the reserve rate which limits credit creation by banks. + +Do these policy tools effectively give the fed complete control over the money supply or do commercial banks still have a degree of independence? Or to put it another way, do the interest and reserve rates completely determine the money supply or do they act more as guiding forces that push bank activity in a certain direction? +I'm creating a stock chart for someone, and the long-term goal is to create a custom stock market replay simulator to visually/manually back test thousands of trades, along with a button to submit custom orders. + +The person I'm creating it for isn't happy with the current stock backtesting program he's using/paying for, and wants to have me create a custom solution starting with a basic chart and slowly adding more features. + +Before I start, I want to make sure I use the right libraries. Should I create this just using Numpy/Pandas/Matplotlib, then have the button automatically place a trade by connecting to the brokerage's API, or is there a framework that I should start building this in that would be better than building it all from scratch? +So on Tuesday the 9th my family and I were out of town (2.5 hrs north) and I got a notification that a package was gonna be delivered early, a 850$ drone, well my apartment has a package locker system and all packages are suppose to go through there. Well thr fedex delivered my package to my door and signed for it. I got home and my package was missing, walmart told to file a PR and they will give me a solution well today they said tough luck and said I signed for it. Even though I have pictures and recipets showing i was up north. They said contact my bank to charge it back. Any suggestions? + + +Here is a SS of the email walmart sent me. + +https://imgur.com/a/M8QDX2u + +Edit: added Imgur link +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +Apes, Superstonk (and the other GME subs) are awash in purple circles, and I do not mind in the least. At a glance, it's like browsing /new immediately after a Ryan Cohen tweet, but then I realize that these aren't reposts - these are countless individual investors who love this stock taking control over their destiny. This is a force that the short hedge funds cannot overcome. Their power to manipulate the stock is derived from their position within the DTCC, their control over the retail trade execution, and the ability to hide behind titles like "Market Maker" to disguise their crimes. + +Each day, more and more shares are yanked out of Cede & Co and sent to Computershare, where they cannot be lent, they cannot FTD, and they are accounted for in real time. Each day, the number of real shares available within the DTCC dwindles. Soon, maybe even this week, Apes will lock the float away within Computershare, and the DTCC will no longer have any real stock certificates for GME. I cannot say what will happen on that day, but I expect that that will be a major turning point in the GME saga. How can a Market Maker make a market on a stock when their system has not even a single share of that stock? Will every share being accounted for at Computershare trigger an audit of the millions of synthetic shares at the DTCC? + +Either way, the message remains the same. Be a part of the change. Buy GME, DRS your shares, and HODL like never before. + +Today is Wednesday, October 6th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$169.16 / 145,80 ā‚¬** *(volume: 1014)* +- šŸŸ© 115 minutes in: $173.45 / 149,50 ā‚¬ *(volume: 974)* +- šŸŸ„ 110 minutes in: $167.36 / 144,25 ā‚¬ *(volume: 583)* +- ā¬œ 105 minutes in: $167.61 / 144,46 ā‚¬ *(volume: 575)* +- šŸŸ„ 100 minutes in: $167.61 / 144,46 ā‚¬ *(volume: 549)* +- šŸŸ„ 95 minutes in: $168.05 / 144,85 ā‚¬ *(volume: 536)* +- šŸŸ„ 90 minutes in: $168.93 / 145,60 ā‚¬ *(volume: 533)* +- ā¬œ 85 minutes in: $169.37 / 145,99 ā‚¬ *(volume: 512)* +- šŸŸ© 80 minutes in: $169.37 / 145,99 ā‚¬ *(volume: 483)* +- šŸŸ© 75 minutes in: $169.36 / 145,98 ā‚¬ *(volume: 476)* +- šŸŸ„ 70 minutes in: $169.20 / 145,84 ā‚¬ *(volume: 472)* +- šŸŸ„ 65 minutes in: $171.04 / 147,43 ā‚¬ *(volume: 175)* +- šŸŸ„ 60 minutes in: $171.30 / 147,65 ā‚¬ *(volume: 145)* +- šŸŸ© 55 minutes in: $171.39 / 147,73 ā‚¬ *(volume: 123)* +- šŸŸ© 50 minutes in: $171.23 / 147,59 ā‚¬ *(volume: 111)* +- šŸŸ„ 45 minutes in: $171.14 / 147,51 ā‚¬ *(volume: 107)* +- ā¬œ 40 minutes in: $171.17 / 147,54 ā‚¬ *(volume: 48)* +- šŸŸ© 35 minutes in: $171.17 / 147,54 ā‚¬ *(volume: 47)* +- šŸŸ„ 30 minutes in: $171.14 / 147,51 ā‚¬ *(volume: 43)* +- šŸŸ© 25 minutes in: $171.25 / 147,60 ā‚¬ *(volume: 42)* +- šŸŸ© 20 minutes in: $171.13 / 147,50 ā‚¬ *(volume: 34)* +- šŸŸ„ 15 minutes in: $171.06 / 147,44 ā‚¬ *(volume: 30)* +- šŸŸ„ 10 minutes in: $171.13 / 147,50 ā‚¬ *(volume: 30)* +- šŸŸ„ 5 minutes in: $171.16 / 147,53 ā‚¬ *(volume: 28)* +- šŸŸ„ 0 minutes in: $171.25 / 147,60 ā‚¬ *(volume: 24)* +- šŸŸ© US close price: $172.18 / 148,41 ā‚¬ *($172.05 / 148,29 ā‚¬ 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 1.1602. 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) + +DiamantenhƤnde 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! +EDIT - I got the generic chips. I told my friend/coworker about my anxiety and she called me a ding dong for even worrying. Itā€™s a non profit after all. Thanks to all for the reassurances! + +I say company but itā€™s really like a 10 person non-profit organization. + +Weā€™re having a potluck picnic thing. I signed up to bring chips. Canā€™t justify (or afford) name brand Lays or whatever chips. + +I feel so self conscious about showing up with the off brand chips, even though itā€™s a freaking non-profit, so we all make little money and Iā€™m sure it wonā€™t be the only off brand food there. + +I just need to put my big girl pants on and get over it. Thereā€™s no sense in spending 3x the amount for name brand. +Last year I had $60k in short term gains and $30k in long term gains. However, at the start of this year I loss nearly everything (-$297k short term in January) and can't afford to pay taxes for last year. What can I do? + +Update: thank you all for the support and advice. I will look into working with the IRS, setting up a payment plan, tax averaging, and not using margin ever again. +For some of you kids from the Class of 2019 who didn't graduate during the tail end of an economic crisis and found a job almost immediately, here's some advice: Do your damned best to kick ass and keep your job. Recession from this virus bullshit is going to come, and those who survive recessions best are those who have managed to keep their jobs. + +It's easy to be distracted by the markets and dream about being able to earn enough money from options trading to retire at age 23, but that isn't happening for 99% of us. There's a lot of survivorship bias here - only those with outrageous gains and losses are really posting here for the lolz. + +I graduated in 2013 and it took me a month to find a job. It paid $35,000 to start. I almost got fired once from another shitty job because I was lazy and unfocused and the job sucked. I make $81,000 now. My sister graduated in 2015 and it took her six months to get her first job. Now she's in advisory at PwC after working really hard and proving her worth at her first job, which only paid $40,000. + +It's easy to goof off at work and be constantly on Reddit and your favorite brokerage website dicking around and not being productive, but you should first and foremost be kicking ass at your job first. That said, no matter how hard you work, you might still end being laid off due to circumstances outside of your control and the company you work for. **But don't be the fat that gets cut off because you were found to be dicking around trading options on company time or unable to keep up with your deliverables.** + +Kick ass at what you do. Coding, financial modeling, consulting, accounting, engineering, science, etc. Keep buying puts. Keep your heads up. It's going to be a wild ride. +Could Shrooms be the next hot industry? + +Mental health awareness is finally getting more recognition after Covid. Shrooms can be treated to treat disorders like anxiety and depression. + +Mind Medicine (backed by Shark Tank's Kevin O Leery) just got approved to be listed on the Nasdaq next week. + +Peter Theil's backed ATAI will IPO soon as well. + +Is this industry boom just getting started or has it already boomed? + +What are your thoughts? + +I know there are plenty of pharma stocks if you want to invest in mental health. But Shrooms kinda has that "oompf" in a market where people chase momentum and crave stocks that are "sexy" (kinda like the weed stocks) and/or with meme potential. + +Disclosure: + +I am long Mind Medicine and Numi Wellness and could see this go either way +400 MILLION LOCKED ~~ + +[TIK TOK](https://www.tiktok.com/@aarondoh/video/6954020048243592453?_d=secCgYIASAHKAESMgow8Qn0dMltVF68c10Z1r%2FOSJJ3BDgHZJmEBJafkDmgpUjcaOsj8fRmuBsT9xW%2FdtnoGgA%3D&language=en&preview_pb=0&sec_user_id=MS4wLjABAAAAU_sLNX8-_IXp3sYs6pMjA-y6MiPk2JTbf4PUZqBDYnA&share_app_id=1233&share_item_id=6954020048243592453&share_link_id=9C5229EF-702B-4347-8A7C-03C0C7ADC96A&source=h5_m&timestamp=1619108970&tt_from=copy&u_code=15e6f5&user_id=8009410&utm_campaign=client_share&utm_medium=ios&utm_source=copy&_r=1) + ON THE TOKEN + +The creator of this token has massive reach and has stated he does not plan to rug pull because he wants to protect his brand, and is planning on associating himself with and promoting (as you can see above) the coin. 5.7 million followers on Tik Tok which he just posted about $SHEESH to. If this is taking off then we are on the launchpad as we speak! + +Contract: + +https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +Twitter that started it: https://twitter.com/Aaron_Doh + +Poocoin: https://poocoin.app/tokens/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +BSC.TOOLS: https://bsc.tools/pair-explorer/0x83f4c453b766a97e9467d6376b2419a47b082958 + +This obviously has the meme potential and might be one of the earliest finds with this much social capital you'll find in a while. + +This has been crazy so far. In less than 12 hours this coin has reached 9 million mc and is currently sitting at 8 million mc. We are approaching 3000 holders. + +This is a high risk, high reward option. With so few holders at the time this could either multiply 1000x like many shitcoins before it or it could be forgotten to the void. Again: HIGH RISK, LUDICROUS REWARD. When people say they want to get in early, this is what they mean, but getting in this early has obvious risks, invest at your own risk. + +The future of this token is extremely uncertain right now, but shitcoin traders who understand that risk also understand what the potential reward of taking it is. + +If anyone finds anything that should give the rest of us warning FEEL FREE TO SHARE CRITICISMS AND REVEAL RED FLAGS. + +Seems like a pretty good risk reward, but if you are hesitant keep watching the BSC scan and the chart to be sure it really does gain some traction. + +Update: An official Twitter page was created: https://twitter.com/SheeshToken + +Also a Telegram Update Channel exists: https://t.me/sheeshtokenofficial + +Telegram chat: https://t.me/sheeshtokenchat + +Subreddit: https://www.reddit.com/r/SheeshToken/ + +Discord: https://discord.gg/zshnmRJZ + +24 HOUR UPDATE: + +This was posted by Aaron Doh, Sheesh's creator and social media mogul and can be seen in the announcements of the Discord. + +> Hey guys! +> +> working on stuff for the long term and a road map so you all can see where We are headed thank you to all of the holders! please know that no one is giving up on this coin and We are going to be making moves to solidify the long term holdings! +> +> once again super excited for the future! and congratulations WE HAVE HIT 3700 HOLDERS in less then 24 hours!! + +$SHEESH to the moon. šŸš€ +I want to grow it slowly and gradually and with the premiums, I'll be buying the underlyings. Any suggestion what strategies shall I begin with for such a small account and what stocks/etfs would be good in your opinion? + +P.S. - I'm currently doing some CC and CSP and just started a wheel on Ford. Learning about spreads :) + + +Thanks in advance! +What is your target fatFIRE number and more importantly why? +Iā€™ll go first . My target fatFIRE number - 10MM USD. Even at 1% net annual yield leads to a substantial 100k USD stream of income . (Net after considering taxes and inflation ) +Mentally it is hard for me to think realistically about a number beyond that . Like 50MM USD, other than more toys, I cannot imagine drastic lifestyle improvements/benefits (yet) +Since April of last year, VTI/the S&P500 is up approximately 28%. + +My portfolio is outperforming this by approximately 10%. I ascribe this to random chance/dumb luck, certainly not any genius investing skill - and I don't expect this trend to continue over a larger sample size. What is the recommended action when you're outperforming the index over a 18-24 month period? Sell all your winners and dump the cash into VTI/VOO? + +(Bloomberg) + +Morgan Stanley Lifts James Gorman's Pay to Record $29 Million for 2018 +By Sonali Basak +January 18, 2019, 3:26 PM CST Updated on January 18, 2019, 3:43 PM CST + +Morgan Stanley boosted Chief Executive Officer James Gormanā€™s compensation by 7.4 percent to $29 million for 2018. + +Gorman, 60, got a $13.75 million incentive tied to achieving future targets, and $6.875 million in both cash and restricted shares, according to a regulatory filing Friday. The package, which includes his $1.5 million salary, surpasses the $27 million he was paid for 2017 as the most heā€™s received since taking the helm. + +Morgan Stanley this week posted its highest-ever annual profit, even as fourth-quarter performance disappointed investors. The bank was helped by U.S. corporate tax cuts, a jump in deal fees and a bigger rise in trading revenue than many rivals. Gorman said Thursday heā€™s looking for acquisitions to build his firmā€™s asset-management unit, its smallest division. + +The firmā€™s shares fell 24 percent last year, steeper than the S&P 500 Financials Indexā€™s 15 percent decline, as it was buffeted by market volatility in the fourth quarter. The drop was the worst in seven years. + +The incentive award converts to shares if the firm hits goals for return on equity and total shareholder return. Morgan Stanley must achieve an 11 percent ROE over the three-year period for Gorman to get the full piece tied to that metric, and can get up to 50 percent more shares if the firm achieves a 12.5 percent ROE. + +JPMorgan Chase & Co. awarded Chief Executive Officer Jamie Dimon $31 million in total compensation for his work in 2018, a 5.1 percent bump after his bank also posted record profit. + +https://www.bloomberg.com/news/articles/2019-01-18/morgan-stanley-lifts-gorman-s-pay-to-record-29-million-for-2018 +Reviewing my retirement account I noticed that there were no contributions s made to my account since Dec 2021. The deductions have been made from my paycheck. I questioned the woman who is in charge of this in our office (dental office under 20 employees) and her response was ā€œYeah weā€™re behind on thatā€. This is not the first time there has been long gaps between contributions. +Im looking for advice on how to proceed. + +Edit +Wow I wasnā€™t expecting so much attention to this post. Thanks for all of your responses! I plan to speak to the Person in charge of the 401k contributions and the Dr. tomorrow. I just want the situation corrected, I donā€™t want to take the nuclear option. I have been with this office for over 20 years and a lot of ups and downs. Iā€™m not ready to leave over this. +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.** + +# šŸ’ŽšŸ¤² +Hello fellow traders! I'd like to buy 10 stocks which I'll keep for the next 10 years or more. + +I'm looking for stocks in industries that will boom. +Amazon Google Tesla Apple like stocks. + +I think important industries in my list will be the following: +5G, Cloud, Software & Services, Health Technology, Healthcare Technology and Biotech. +(Important industries missed listing?) + +I realise that of the 10 maybe 15 stocks I pick some will disappear or will collapse. +We see questions on car ownership quite frequently in this sub. Itā€™s a pet topic of mine so I have done some semi-rigorous analysis on this. + +Most of these questions can be boiled down to this ā€“ ā€˜how old the car should be when you buy it?ā€™ + +Itā€™s quite well known that cars depreciate more during the first few years. But the older cars fail more often. Heuristically one could say that a not so old should be the best option. But we need to quantify this. + +So I wrote a python program which scraped the asking price, age and mileage of thousands of ads on Autotrader. + +Based on this I could get an ā€˜Age vs %costā€™. Note that it is an aggregate and individual cars may have slightly different values based on their desirability. + +The next data set I needed was the cost of repair as cars grow old. I used the MOT failure rate as a substitute for this. ( https://data.gov.uk/dataset/e3939ef8-30c7-4ca8-9c7c-ad9475cc9b2f/anonymised-mot-tests-and-results) + +Based on this I could get an ā€˜Age vs % MOT pass rateā€™ curve. + +Now I define a new parameter called ā€˜valueā€™ which is basically (MOT pass rate ā€“ Cost). Higher is better. + +I superimpose all these three curves on the same plot here: https://imgur.com/a/LhuhlcE + +To derive the best ā€˜valueā€™, one should be near the peak of the green curve. + +If you want to own the car for 3 years, buy a 4 year old car. If you want a car for 8 years, buy a 2 year old car, etc. + +Iā€™ve plotted the ā€˜best ageā€™ for every intended years of ownership in the second plot. + +Another thing to add to this is people often quote that cars suffer huge depreciation in the first year. Itā€™s true if you look at the sticker price. But in reality nobody pays that sticker price. Infact itā€™s often cheaper to buy a new car than a 2 year old car due to the finance discounts. + +Lastly, in UK, number plates change every March and September. As a result you get good discounts in February and August. The effect after 10 years will be minimal when you want sell it. ( For example, whatā€™s the difference between a 08 and 58 reg Ford Focus? ). + +TLDR: + +If you want to own a car for 1 year, buy a 5 year old car. +If you want to own a car for 3 years, buy a 4 year old car. +If you want to own a car for 8 years, but a 2 year old car. +If you want to own a car for more than 8 years, wait for the right month (August, February) and buy a brand new car. + +Edit: code added in the comments. +There is always...*always*...a new round of bear-trolls with the "I'm smarter than the market *and* everyone else" mentality when the price declines like this. + +TAKE NOTE: This is *at least* the 3rd time I've seen this cycle play out with ETH. (If that's news to you, then you may be in trouble.) + +The very first time occurred just about 13-14 months ago for those who were *even around* back then (and paying attention) to remember it. + +You know...back when ETH was at ~$1.20 around Sept 2015 and then declined from there down to about $0.50 USD through Nov/Dec 2015? + +Bear-trolls were running rampant on here! It was "game over man!", "ETH is a scam!", "ETH is shit!", yada yada yada. + +Yet here we sit!! LOL + +How many of the bear-trolls posting today were even around on this sub back then? By the looks of it, not many. + +If you're one of those people (a.k.a. a Johnny-Come-lately bear-troll) then you have little-to-no credibility in terms of talking about *anything* sentiment-wise when it comes to ETH. + +To me, the explosion of negative submissions / posts / comments are indeed signalling that the bottom must be close. + +Remember, tops occur with extreme positive sentiment and bottoms occur with extreme negative sentiment and I'm seeing WAY more negative posts than positive. + +Bear-trolls, I'm sure you won't be able to resist chiming in on this thread and continuing to prove my point. Derp! LOL + +And don't forget bear-trolls, just because you're desperate to buy some cheap ETH -- because let's be honest, that's really what all of this is about -- i.e. you've missed the boat and now want to be ON the boat -- understand that greed goes both ways. + +If you've convinced yourself that things are headed for $3 and we bottom at ~$7 and bounce hard from there. Then guess what? + +[You've just become this guy.](https://ioneglobalgrind.files.wordpress.com/2013/10/finn-hudson-chasing-train-rachel-berry-new-york.gif) +**EDIT: PLEASE STOP ASKING ME FOR DAY-TRADING TIPS. LEARN BY DOING.** + +I'm in the US. I day-trade cryptocurrencies and have made tens of thousands of orders across many pairs and exchanges (and have made substantially more than I would have by just "hodl xd", even with short-term penalty added, thank you very much). Uncle Sam wants his pie. Okay, fine. I know exactly how much I've made by simply tallying the deposits and withdrawals from by bank to my fiat gateways, and I'm willing to be taxed on that, but... + +The IRS expects me to report every single transaction on a form *with each interval gain and loss step reported in USD*. Every single one of my tens of thousands of orders and partial trades, most of which having no actual valuation or realization in USD, yet somehow I'm expected to calculate the imaginary USD gain/loss of each when BTC/USD fluctuates by whole percents every other minute on the reference fiat exchange (GDAX, say). No matter what painstaking diligence is paid to reporting the notional USD gain/loss for every alt pair and perpetual swap trade by cross-referencing those irrelevant data points, **I will inevitably end up with a totally fictional sequence of numbers that deviates significantly from my known, actual USD gain from what hit my fucking bank and what is presently on my exchange accounts.** This especially when transaction and trading and funding fees are taken into account, as well as the nightmare of slippage and partial fills. + +Also Bittrex completely wiped out my trade history, and everyone else's from what I hear, but my deposits/withdrawals are still there and that should really be all that matters (but not to the IRS apparently). I also had a stint on poswallet.com, same situation. + +Now here's the mind-melting part: I use BitMEX. I've made most of my gains from there. (Yes, I know that US customers are ostensibly disallowed by BitMEX from using BitMEX, but we all know this is lip service, and it is not illegal in itself by US law to violate a site's T&S, plus at any rate I could establish a non-US business entity if need be, and honestly BitMEX rocks so hard I'd be willing to renounce citizenship and *move* to keep using it). The [IRS virtual currency guidance](https://www.irs.gov/pub/irs-drop/n-14-21.pdf) defines cryptocurrency as "property" and seems to concern itself with "exchange of virtual currency for other property", which is taxable. Okay, but is a perpetual swap or futures contract taxable? How is it possible to calculate the "cost basis" of a BitMEX position, where posted margin can arbitrarily and dynamically scale? No actual buying or selling of bitcoin occurs on BitMEX, so how is it taxable? How is it reportable? How? + +How the fuck do I even report any kind of short position on [Form 8949](https://www.irs.gov/pub/irs-pdf/f8949.pdf)? This would apply to Poloniex and Bitfinex as well. + +The IRS stipulates different (and highly favorable) tax rules for conventional futures trading, such as the 60/40 rule, where as I understand it 60 percent of futures gains are considered long-term and 40 percent are considered short-term, as marked-to-market. Would this apply to BitMEX futures as well? And how about when, at the end, you withdraw your bitcoin from there and it becomes "property" again to sell for fiat? + +Even if I went to a tax attorney or CPA, as I intend to do, would they know more than me what with the terribly incomplete guidance the IRS has given about all this? Nevermind the logistical insanity of the step-by-step fictional USD conversion process. And forget about bitcoin.tax; they don't handle BitMEX or any kind of serious trading activity. + +I've made a lot of money. I'm fine with being taxed fairly on my net gain. But the IRS has not adequately addressed the problems I have described in their guidance. What the hell do I do? +hey, y'all...thought i'd share this which was sent to me a few years ago. + + + +After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions: + +Are you a direct lender? + +This will be a gateway question. If the answer is no, that means they are a broker of some type. Typically this means they will take longer to close, may not have all the information of the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee. Only continue on if the answer is yes. The person you are speaking to should have an email address with the name of the company and work directly for that company. Otherwise you could be getting yourself in to a bad situation. + +What is your investor success rate? + +This is important to know but can be lied about very easily. Many donā€™t track this statistic. I donā€™t know if it is because they donā€™t really care or just havenā€™t thought of it. I think it is probably the most important stat. Look for groups who offer referrals to local contractors, Relators, etc. Also, look for groups that have boots on the ground in each market that know the specifics of investing in that area. + +How many loans have you closed in this month? + +Any good HML will know this number off the top of their head. You want a lender that is busy and closing loan in your area. Who cares if they closed 100 loans in other states, find out what they are doing in the same area you plan to be. If they are closing a lot of loans, they probably have something good to offer. A good number will vary based on the current market and the size of your metro area. + +What is your maximum LTV and Initial Funding? + +This is normally expressed as a percentage and that percentage is of the ARV. Most companies are between 65% and 75%. The higher the percentage, the better for you. That means they will lend more. Initial funding levels are a back way of putting the down payment required. If a company says they have 85% initial funding, what they really mean is they are going to require you to pay 15% of the purchase price as a down payment on top of the closing costs and LTV requirements. Right now most HMLs are between 85% up to 100% initial funding. Initial funding of 100% means there would be no down payment. + +Do you require an appraisal and survey? + +Most HMLs will require these. I am wary of the ones that donā€™t require an appraisal. The lender will perform a desktop appraisal but they will typically have a short view on the value of the property to protect the companyā€™s investment which means you will be coming out of pocket more. Small-time HMLs may not require an appraisal but this could be because they will drive out and view the property themselves. Survey is a toss-up on whether or not it will be required. + +Is there a pre-payment penalty? + +Some will require you to pay the interest through the term or another length no matter how long you hold the loan. Just make sure that you include this requirement in your costs. + +Do you have relationships with refinance lenders? + +Make sure that they have a good relationship with companies that will refinance the loan for you if you are using a BRRRR method. You want to see something that has low or no seasoning for a cash out refi or that may require low amount of documents. + +What is your draw fee & benchmarks for the repairs portion of the borrowed money? + +Know what your fees will be to take out the repair money borrowed. Draws are almost always held back until you reach certain points in the project or that work is completed. They will also charge you to have an inspection by a 3rd party to make sure the work is done. I have seen this range from as low as $100 up to $300. + +Do I need to pay anything before sitting at the closing table? + +There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company. This is a practice by some less than reputable companies. One I saw charged $500 upfront to be pre-approved and would never actually fund any loans. Just beware. Most reputable HMLs will not charge anything until you are sitting at the closing table and all fees will be listed on the HUD-1 closing document. + +And of course, what are the points, interest, and attorney/document/admin fees for the loan? + +This will vary based on region but in general 2 ā€“ 5 points, 11% - 14% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 ā€“ $1,900. The document fees are what will vary wildly from company to company. Just know them going in so that you can properly budget. You will also want to find out if payments are interest only or if some principal is built in. Most hard money will be interest only payments on the full approved balance of the loan whether or not if you have pull the draw funds for repairs. + +If you have any other questions, post them below so that we can all learn from the answers. +Hi! + +So it's in my 5-year plan to start buying residential investment properties as soon as I have the cash for it. I can live with high interest rates and depreciation as long as the cashflow works, but obviously if rents somehow hit the floor I might get stuck with a bunch of money pits. + +Just curious as to what some variables might be that would cause demand for housing to drop significantly? And what other factors might cause rents to drop in the long run? Thanks! +I did a househack duplex with a VA mortgage (0%) down no PMI. At the same time I got a 18 months 0% APR credit card to cover live in flip type stuff (new floors, new appliances, paint job, fence, etc). Now I have a credit card balance of about $22,000. + +Iā€™m doing an IRRRL on the property to add central A/C to the property and then pay a couple of out grand out of pocket (because itā€™s a duplex and is above the $6,000 IRRRL limit energy efficiency amount). + +Now comes my play. Iā€™m thinking about taking out a 401k loan to pay off the credit card (0% APR on the credit card ends next month). + +The idea would be to repay the 401k loan back in about 9 months with a VA Cash Out Refinance on the duplex. Then use the additional money to buy another property. + +My risks are missing out on stock market returns for 9 months. But I wonā€™t have to pay 21% interest on the credit card. + +After the Central Air install, Iā€™ll have about $90k in equity in the property. + +Is this a bad play? I donā€™t think so myself, but I would be interested in what yā€™all think. Thanks! + +Also Iā€™m going to AirBNB the property after I move out. Itā€™s in a good location and has lots of attractions. +Having been investing in VWCE for a while and enjoying it's subsequent share price rise i was wondering what the chances are that we might see a 2-for-1 share split anytime soon. + +Bringing down the price from a soon to be ā‚¬100 to ā‚¬50 per share would allow for fresh capital from new and present investors (who would also double the amount of shares they own), while increasing liquidity. + +I know Vanguard have done so in the past with other ETF and the process they use is basically: check the market prices, bid-ask spreads, trading volumes and decide upon that. + +I know its speculating a bit but how would you feel about this happening eventually? +I am in the market for purchasing an S&P 500 Index Fund on a monthly basis but I am overwhelmed by the amount of funds on offer. My question is should I buy a fund that is priced in EUR or in USD? For example these two funds are similar but the USD version (CSPX) is tracking higher than the EUR version (SXR8). Is this because of exchange rate fluctuations on each day? Is it better to buy the USD denom version and worry about exchange rates when I sell or better to stay with the EUR version? +Microsoft purchased Activision for 95 USD per share. Does that mean that when the deal goes through I as owner of some of their stock will be paid 95 USD per share and they will be removed from my account? + +Also, if that is the case, does that mean that buying Activision shares now is safe way to invest since you know that you will get 95 dollars per share and they are now trading below that value? + +&#x200B; + +Hope I'm not too off topic. +Hi guys! So the time has come. I am 28, have just taken out my first mortgage and I want to start investing to build myself a solid safety net over the next 10-15-20 years. I can set aside around 1000e a month. + +After reading the threads I came up with the following: + +1. iShares Core MSCI World UCITS ETF (EUNL) - 80% +2. iShares Core MSCI EM IMI UCITS ETF USD (Acc) (IS3N) - 10% +3. iShares MSCI World Small Cap UCITS ETF USD (Acc) (IUSN) - 10% + +And on the side I want to throw some money into Nordnetā€™s Scandinavian index funds. Eyeing Finland, Sweden and Norway. + +Second idea I had was: + +1. iShares Core MSCI World UCITS ETF (EUNL) - 65% +2. iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IUSK) - 15% +3. iShares Core MSCI EM IMI UCITS ETF USD (Acc) (IS3N) - 10% +4. iShares MSCI World Small Cap UCITS ETF USD (Acc) (IUSN) - 10% + +Mostly because Iā€™m a bit wary about overexposure to the USā€¦ + +Or, I also thought about a simpler setup: + +1. Vanguard FTSE All-World UCITS ETF (VWCE) - 85% +2. iShares MSCI World Small Cap UCITS ETF USD (Acc) (IUSN) - 15% + +Which option do you think is the most reasonable/ best for my time horizon? + +Would appreciate any advice! +&#x200B; + +Hello everybody + +I have some investments in gold and I am wondering what everybody knows and thinks around this subject. I know that there a some advocates and opponents for it and I would like to have some idea's exchange with you guys. Here is everything that I researched around it and my findings around the subject. + +If you want to invest in gold, you should read this: [https://www.bloomberg.com/opinion/articles/2020-04-01/gold-is-losing-its-luster-for-the-world-s-central-banks](https://www.bloomberg.com/opinion/articles/2020-04-01/gold-is-losing-its-luster-for-the-world-s-central-banks) + +I would only buy gold when the price of it is not to inflated like it is now. Central banks are still the biggest player on the gold market and it is really important what their decisions are. Looking at the article and other news we notice that most CB are stopping their spending sprees on gold and are even considering selling some of their reserve, which could potentially lower the price of gold. Now these are speculations as any other and we should really look at the actions of the CB and the market's reaction. + +That said, I believe that gold is: + +\- not a perfect hedge on the long-term inflation ( 30 to 50 years) and surely not for short- to medium-term inflation + +\- a valuable asset when uncertainty in the market is increased + +\- a good asset to diversify your portfolio. + +Why do I think this? For a number of reasons: + +1. There are a lot of factors in play that determine the price of gold. Meaning that the correlation between the value of the dollar and gold is most of the time hard to measure and it depends heavily on the decisions of the Fed an other financial institutions. See this article for further discussion: [https://inflationdata.com/articles/2019/07/10/gold-price-relationship-inflation/](https://inflationdata.com/articles/2019/07/10/gold-price-relationship-inflation/) +2. If we look at the history of gold, we can see why people invest in gold and can learn when "similar" scenario's might happen. We see that people invest in gold when there is a lot of uncertainty in the market. Here is a good overview of the history of gold even though I do not really agree with everything he says: [https://inflationdata.com/Inflation/Inflation\_Rate/Gold\_Inflation.asp](https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp) +3. Gold has a low correlations with most other assets which makes it a safe heaven for most investment you make. + +*History is not a reflection of the future so we need to be careful to extrapolate the history to the future.* *meaning: look at other factors that might influence the market than the one you observe through history.* + +&#x200B; + +Next I would like to discuss possible impact factors for the direction of the gold market. I will divide this in supply and demand side to give the conversation more structure. + +**supply side possible factors:** + +Given the fact that most mines are going to be more expensive because of the increasing extraction costs. This will put pressure on the supply side of the market for the next 20 years. The pressure will push the market more to the recycled gold. But before players switch from extraction method the price of gold needs to be high enough before investments are considered. + +But there are few caveats in this reasoning: + +First of all there is the possibility that we will discover new methods and reserves of gold to extract gold more easily. This will lower the price of gold. + +Secondly most gold is not used in productions and is therefore not consumed but hoarded: [https://www.sunshineprofits.com/gold-silver/dictionary/gold-production-cost/](https://www.sunshineprofits.com/gold-silver/dictionary/gold-production-cost/) . Which means that the supply side is not only from firms who extract gold but also people who hold gold. This is a big difference from other commodities where the supply side only consist of the firms who extract it. + +Three important aspect to look for in the supply side of gold: + +1. new extraction methods and reserves for gold +2. investments in recycled gold +3. actions of Central banks who hold a lot of gold + +**demand side possible factors:** + +A lot of upcoming markets will want to strengthen their financial system by purchasing gold to create more certainty in their market. This is what China, Russia and other countries are trying to do. The price of gold will thus depend on the policies of those countries. Trying to find the strategies of those policies will give you more insight in the way that the gold price behaves. Secondly from history we can deduct that when there is a lot of uncertainty in the market the gold price will surge see: [https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart](https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart) . Thirdly gold is a material often used in production for its attributes: [https://education.jlab.org/itselemental/ele079.html](https://education.jlab.org/itselemental/ele079.html) This mean that the demand of gold is also depended on those markets. + +Three important aspect to look for in the demand side of gold: + +1. actions of Central banks who want to create more security in the market +2. when uncertainty hits, the price of gold will follow +3. markets where gold is used for manufacturing and new application for gold in manufacturing + +on the side note: Some people might think that the price of gold is manipulated by the governments. There is no evidence for this but I cannot exclude this. It is though very unlikely because gold is a very liquid asset which means it is difficult to "manipulate" like some investors think: [https://www.sunshineprofits.com/gold-silver/dictionary/gold-manipulation/](https://www.sunshineprofits.com/gold-silver/dictionary/gold-manipulation/) + +give this a like and leave your idea's/opinions in the thread. + +&#x200B; + +Thanks for reading this +Hey guys! + +Sorry for the stupid question, but i will be buying a house in Germany (through mortgage) and I am not sure if I can register lets say 25% of the house on my wifeā€™s name and the rest 75% on my name? Is it always 50% for each or this is something we can distribute differently when going to the notary ? + +I am asking because I will be bringing the main deposit from my family abroad. + +Please advise ā¤ļø + +Thank you in advance people! +Hi guys, +I've read somewhere on the board that once you buy securities (i.e. shares) through online broker and if the broker goes down, you still will get to keep your securities. + +How does this work? Is there some sort of a global registry of securities holders? Given the long-term investment period (let's say 20 years) how can you be sure you will not be locked out of your investment? + +Thanks for help. I'm a newb thinking about dipping my toes in the investment game. +I am in the market for purchasing an S&P 500 Index Fund on a monthly basis but I am overwhelmed by the amount of funds on offer. My question is should I buy a fund that is priced in EUR or in USD? For example these two funds are similar but the USD version (CSPX) is tracking higher than the EUR version (SXR8). Is this because of exchange rate fluctuations on each day? Is it better to buy the USD denom version and worry about exchange rates when I sell or better to stay with the EUR version? +Hello, +I don't often ask questions like these, but I'm in situation, that is very hard for me to assess with clear head. + +Six months ago, I was layed off during big cut off in corporate firm I was working for. I was struggling to find suitable job and ended up accepting help line desk job. Two days before my first day at that job, my father in law offered me a job in his company. It's his company, that he runs with his son for more than 20 years (with smaller and bigger hickups, as small company does). The company is very stable last 8 years, employing 6 people (I'm 7th) and their specialty is towing. They work for the most expensive dealers in here - Lamborghini, Ferrari, Porsche, BMW as well as others. I started here as administration worker / accountant as I don't know anything about cars (have really no interest in them). They really needed someone like me because their administration and office was a hot mess. After 3 months here my work flow dropped significantly, because most of the planning and cleaning was done and now I don't have really that much work during my 8 hour shift. I'm helping with what I can and have nice longer pauses during day. I quite like the accounting and planning parts of this job and enjoy the people. My salary here is 25000 CZK, after taxes, which is let's say Republic avarege, and have benefits like free petrol, free phone, and I can buy lots of stuff trough company with discounts. +Because of this lower work flow I started thinking about going back to corporate, and only doing the accounting part of my current job. The corporate job has similar salary, home office, but not nearly anything on the level of other benefits I get now. I would also probably make around 6000Czk for accounting I would still do for my current employer. As well as being probably more demanding, I feel afraid to jump the ship after 6 months, not to damage my relation with others here and also as my father in law gets older my position here can grow. I knew in the start that this family business would be the biggest problem and here it is. +I also go left and right on the corporate side of things as I was in corporate before and I didn't like it that much after few months, as I find it really mindless and that very mentally taxing on me - I think this is my personality problem as it seems to me that I quite like the novelty of the jobs I had but never enjoy the lack of diversity after some time. + +My other option to fill my fee time during day is to find a side hustle (for example I'm now applied on position for translating articles about watches) and bring bigger income this way (about 3000 - 5000czk). What's great is that here I can manage anything I need during day and nobody is giving me looks, since they are all happy to work with me and I take care of everything paper related, which they hate. + +I would appreciate any advice, I know it is slightly more life question than pure finance, but I really didn't know where to post this +Thanks for reading and have a nice day. +So I wont get into the details of the legal case because I would just be wasting my breathe. I'm trying to save money up for a lawyer but because of everything that happened last year im homeless now. I have some money stashed away and I was going to put towards a lawyer but they want 2-3x what I'm working with. + +I don't know what to do with these funds. Putting them towards bail would just be a waste of money with out hiring an attorney also. So that means I either take it with me to prison and use it for food along the way to be comfortable or what I think I should do is take my nest egg and buy a hard wallet and find a ratio of BTC/ETH/ and a few other smaller coins. + +Something like +25-50% BTC +25-50% ETH +Obviously between these two one would get the 50% the other % + +And then I was thinking 50% of my funds is a little high for alt coins. I didn't want to go above 15-20%. + +I also was traded some silver rounds recently which sparked an old interest of mine in collecting precious metals. A part of me wants to but at least one 1kg silver bullion bar since I believe right now seems to be a good time to get it. + +I was thinking of potentially adding some stocks to my portfolio but I haven't done much reach on them. + +Can anyone help me with some insight on where they believe the market may be between 5 years and 8-10 years. I know that's a long time so I feel this may be my only way to insure im not homeless when I'm released from prison. +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 +As the title suggests, I grew up in a rural community and my family is working class (perhaps low middle class solely based on the rural area). We didn't have much money for vacations or "extras," but my brother and I were able to live a good life growing up. Neither of my parents have much in way of retirement funds or savings. My mom drives a 18-year old vehicle still. + +I will soon graduate from law school and have a six-figure job lined up. Since I have never really had much money, I have all these things in my head that I want to do (e.g. get a nice car, travel places, etc.). However, I also know that I should be smart with my money. Just for some background, I have a good chunk of student loan debt, but not unmanageable. I also have some credit card debt (around $7K by the time I graduate). + +Has anyone here had a similar socioeconomic transition, and what advice do you (any of you) have? Also, given the fact that many legal employers expect you to make large purchases that signal your "status," how do I avoid falling into this trap? Any and all advice is much appreciated, thanks! +Sorry if this is a ramble but it's very late and the thought was very exciting so i wanted to share. + +GMERICA will be your one stop shop for everything. Streaming delivered to you by blockbuster. Home shopping at $Click. Digital ANYTHING head to the marketplace. Physical media head to GameStop. All with next day delivery. + +We are also in the middle of the race to the first meta verse. Epic and apple are both heavily interested in being the first to the metaverse. The cyber nfts feature both apple and epic Easter eggs. They wouldn't just use those logos. These nfts are obviously models for the meta verse. + +A metaverse powered by unreal engine on apple VR hardware. Hardware that could double as physical wallets and some of the best security. Apple has been making strides to make a seem less experience from screen to screen. + +Apple may just dip their toe in the beginning but they want to be first in the next big industry. Best of all cross integration through every storefront through your wallet. I believe the big reveal soon might be full integration of the GameStop wallet in the Apple wallet. + +Facebook knows they're behind. They have no solid way of monetizing their metaverse without bombarding their customers with ads and micros transactions. The zuck is stuck. + +Everyone behind GameStop have created a nail in the financial system. Retail is the hammer + +The Market place Is coming before end of July. We are looking at a massive merger with an on going working relationship with apple in the biggest industry since tending to people who don't want to do things for themselves. + +MOASS is inevitable but now it looks like Moass is just the beginning. +The top market cap companies in the S&P500 are companies like FAAMNG. None of their business has anything to do with what's going on in Ukraine. Of course it's possible, that a war would cause energy prices to rise even higher, which could indirectly cause people to buy less iPhones or stuff on Amazon, but besides those very indirect effects, it appears that the vast majority of American companies are not affected whatsoever with what's going on over there. +My parents are in their late 40s right now, where retirement is very feasible and have many friends who are doing the same. Theyā€™ve had roughly like 10 friends who attempted retire, given their accounts and net worth were perfectly in shape. + +Not one of them lasted in the retirement game for longer than a year, roughly half of these people only lasted a season. The reason wasnā€™t financial or that they were struggling to stay loyal to their retirementā€™s bounds, itā€™s that they got crazy bored. Most of their friends are either still full time or busy doing their own things, their kids are young adults busy enough to not talk to them much anymore, and they canā€™t simply travel too extravagantly/frequently because their retirement account obviously has a budget constraint. + +(DISCLAIMER: Iā€™m well aware this sample only spans 10 adults, thereā€™s nothing scientific, and Iā€™m just talking about this subset of well off adults I know. I know simply being bored enough to go back to work isnā€™t a guaranteed symptom with FIRE.) + +Many of these people returned to the workforce, but obviously not in full capacity since thereā€™s no necessity. A few them became private consultants for their own industries and get away with charging rates at nearly half a thousand an hour. Even at half a work week, this is surgeon money. If they didnā€™t become consultants, they took much fewer shifts. All of these people came back to the workforce far happier since they reaped this sense of control and power with respect to their professions. They donā€™t need to be out here anymore, but their job has been fruitful enough that itā€™s latched onto their identities and has now reverted to a passion hobby. Iā€™m glad they see their jobs as a calling. + +Witnessing this, my parents have no inclination to retire. My mom is a veteran doctor who cringes at the thought of leaving her patients alone, my dad is an IT exec. who gets hard-ons when talking about computer systems. **They say they'll try to scale back and go easier, but they don't wanna stop working until death/incapacity.** Both of them strongly believe they'd grow irritable, bored, and brainless if they aren't exercising their mental and professional muscles. Their ex-retiree friends feel most similarly. + +Iā€™m not sure I agree with them. + +**Is FIRE overrated, or are these people way too boring in life to need to go back to work as a means of passing time? What do you think?** +Lately whenever a conversation develops with my customers, I steer the conversation towards Bitcoin. While most are interested and intrigued, none have yet been into crypto. If they show enough interest, I help them download a wallet and give them their change in Bitcoin . + This St Patrick's weekend, with the city full of visitors, I introduced 23 people to crypto. Hopefully they will go back to their home countries and spread the word. +In the last 12 months, I have introduced over 500 people. +This is how I want to see Bitcoin grow, as a peer to peer method of value transfer, not as a speculative asset. +Im fortunate enough to be able to afford a few weeks off work. As of last week I opted to stay home with out pay. (at the time i was expecting a nation wide lock down like NZ). Is anyone else choosing to stay home? Since it seems as though we are going the herd immunity route should i go back to work next week? Im afraid of contracting the virus and spreading it. I also feel terrible for leaving my boss without a worker at this time. +To expand on the title, mobile contracts are technically debt as the creditor pays for the phone and you pay them back monthly. + +Iā€™m wanting to have as little debt as possible and wondered if this community pays for their devices monthly or just buys their phone outright and upgrades as needed. + +Thanks! +Don't get me wrong, Tesla is an amazing company and they should be valued high, just not this high. This is like Ballard Power type crap about to happen, yet they decide it's a good idea to add to the s&p 500? + +I feel like that's some straight up FOMO but instead of the average emotional trader, it's the damn s&p 500. + +Maybe I'm not understanding, Its not like I've been investing for decades like many here. +We all know the mantra of buying low and selling high, but when we're hitting record highs every day, what's the course of action? If you're a long term investor, do you keep buying despite the highs, hoping that today's highs will be next year's lows? I find myself not buying much of anything at the moment because I bought so low not long ago. Thoughts? +Nothing makes sense. Nobody has any explanation. Everyone is guessing. Everyone is pretending to know wth they're talking about. P/E this P/E that pffftt yeah right. Buffet this Buffet that get outa here with that bs. + +When are we going to stop lying to ourselves and admit we're gambling on some level or another? Obviously if you just boomer-style it into VOO, Apple, Microsoft or any of those large cap companies then you'll be fine but that doesn't mean you know shyt either. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +I'd speculated yesterday that RRP might reach $1.5T, but I never expected it to jump well into the $1.6T range! So much cash is sitting around, just waiting for the MOASS to place it into the hands of Apes. Of course, this is just the backdrop for the true drama: Citadel Securities is *desperate* to spin the narrative to give the appearance that they acted in good faith, and in the best interests of their clients and the markets as a whole. + +###It's not working + +They are desperate because they are losing. They are losing the support of the people who give them the power to manipulate the markets. Their biggest customers are calling them, demanding answers... or else. The congressmen and congresswomen whose elections were funded by Citadel are calling for answers. The ex-Citadel employees who now serve as market regulators are calling (maybe not demanding answers, but with a "courtesy heads-up that the bosses want answers"). Citadel is having a terrible week, and I can guarantee you today isn't going to be better. + +So, keep it up Apes. Keep DRSing your shares, buying the dip, and exposing the crimes. DiamantenhƤnde will forge our path to the MOASS. + +Today is Friday, October 1st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$176.35 / 152,30 ā‚¬** *(volume: 1060)* +- šŸŸ„ 115 minutes in: $176.09 / 152,07 ā‚¬ *(volume: 1045)* +- šŸŸ© 110 minutes in: $176.88 / 152,76 ā‚¬ *(volume: 1040)* +- šŸŸ© 105 minutes in: $175.99 / 151,99 ā‚¬ *(volume: 1037)* +- šŸŸ© 100 minutes in: $175.73 / 151,76 ā‚¬ *(volume: 978)* +- šŸŸ© 95 minutes in: $175.68 / 151,73 ā‚¬ *(volume: 938)* +- šŸŸ„ 90 minutes in: $175.48 / 151,55 ā‚¬ *(volume: 935)* +- šŸŸ© 85 minutes in: $175.61 / 151,66 ā‚¬ *(volume: 912)* +- šŸŸ© 80 minutes in: $175.22 / 151,32 ā‚¬ *(volume: 808)* +- šŸŸ„ 75 minutes in: $175.20 / 151,31 ā‚¬ *(volume: 708)* +- ā¬œ 70 minutes in: $175.23 / 151,34 ā‚¬ *(volume: 700)* +- šŸŸ„ 65 minutes in: $175.23 / 151,34 ā‚¬ *(volume: 697)* +- šŸŸ„ 60 minutes in: $175.73 / 151,76 ā‚¬ *(volume: 494)* +- ā¬œ 55 minutes in: $175.93 / 151,94 ā‚¬ *(volume: 489)* +- ā¬œ 50 minutes in: $175.93 / 151,94 ā‚¬ *(volume: 484)* +- šŸŸ© 45 minutes in: $175.93 / 151,94 ā‚¬ *(volume: 470)* +- šŸŸ„ 40 minutes in: $175.91 / 151,93 ā‚¬ *(volume: 465)* +- šŸŸ© 35 minutes in: $175.93 / 151,94 ā‚¬ *(volume: 418)* +- šŸŸ„ 30 minutes in: $175.91 / 151,93 ā‚¬ *(volume: 416)* +- šŸŸ© 25 minutes in: $175.93 / 151,94 ā‚¬ *(volume: 215)* +- šŸŸ„ 20 minutes in: $175.91 / 151,93 ā‚¬ *(volume: 215)* +- šŸŸ„ 15 minutes in: $175.93 / 151,94 ā‚¬ *(volume: 159)* +- ā¬œ 10 minutes in: $175.96 / 151,96 ā‚¬ *(volume: 149)* +- šŸŸ„ 5 minutes in: $175.96 / 151,96 ā‚¬ *(volume: 132)* +- šŸŸ© 0 minutes in: $176.52 / 152,45 ā‚¬ *(volume: 20)* +- šŸŸ„ US close price: $175.47 / 151,54 ā‚¬ *($178.00 / 153,73 ā‚¬ 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) + +DiamantenhƤnde 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! +# Well, the answer is dead simple. Just invest in projects that are fixing what is broken. The end. LOL. + +But seriously, letā€™s take a look at these huge problems before solving them. + +If you didnā€™t know, yield farming is 1. a whale game, and the constant dumping of tokens with 2. a relatively small liquidity causes small projects to be dumped close to zero. The classic ā€˜they come, they eat, they leaveā€™. + +Naturally, it is a good thing when a project is not anything special ā€” bad projects donā€™t deserve long-term price appreciation. + +Yet, weā€™ve seen projects with extremely high-quality development and technology being dumped in the beginning and then rise from the ashes. They are now solving these problems even if the token price during early days dumped to close to $100K market cap. + +Was that enough warm-up for you? Here we go, let's fix the problems. + +# PART 1: DESTROY (or tame) THE WHALES + +Tokens represent governance. One governance token governs one ecosystem, right? For example, **SushiSwap** governance happens through **SUSHI** tokens. If you want to be part of several communities and make your vote matter in each of them, you need many different tokensā€¦OR DO YOU? WHAT IF you could own **a governance token that was governing 10 or 100 projects at the time**? + +As farming gives you governance token rewards, you will normally dump that token on the market for ETH. What if there was a platform that would just: + +A. reward you in **ETH** and + +B. only IF you chose to take your rewards in the governance token instead of **ETH** then the governance token would be bought from the market and distributed to you? + +...then... + +C. We would have no dumping of the governance token, only solid ā€˜pumpamentalsā€™. + +**Dracula Protocol** does this. When you have different LP-tokens from several other farming projects Dracula gives you the option to stake them on its native platform. It then farms your tokens and automatically sells the "victim" governance tokens to the market for ETH, keeping just a tiny portion of the ā€œvictimsā€ governance token in Draculaā€™s vault ā€” *we will come back to the vault part in a moment*. + +Now, the **ETH** rewards then get automatically compounded with **ETH** staking on a trusted platform such as **AAVE**, so the rewards get another boost. + +When you decide to harvest your rewards, you either choose to receive all that **ETH**, or if you choose to receive it in Dracula governance token **DRC**, the code automatically buys **DRC** from the market and distributes **DRC** to you. + +But why would you want to receive the governance token? + +The vault man, the vault. The vault now holds governance tokens from other protocols. Letā€™s say Dracula would have 2% of all circulating tokens of SUSHI in its vault. **If you then hold DRC, you are holding tokens with 2% voting power in SUSHI governance.** + +Yes, you read that right. + +**Dracula will delegate the voting power from its partners to DRC holders.** While you stake your **DRC** on Dracula, **you will also be receiving a small portion of all ETH** rewards piled on the platform. + +To add a cherry to the top, all actions on **Dracula Protocol** are crowdfunded from the total rewards. This will help all the users as all the fees get cut big time. + +These elements solve the problem of only whales being able to act freely in an ecosystem, and the whales dumping. They also solve a problem with governance as today so many votes do not get used as you often need to pay a fee to vote, too. + +One problem remains though: How to bring liquidity to create an incentive for someone to buy into a project with big money. Also, how to have liquidity to buffer the price when going downwards, too? + +# PART 2: DECENTRALIZE THE LIQUIDITY FOR A MILLION YEARS TO COME + +Enter **Toad Network**. + +In **TOAD** you farm using your LP-tokens and you get rewarded with LP-tokens. The trick is that when you enter LP-token farm, you pay a 10% fee. And when you exit you pay another 10%. + +Wait a minute, isnā€™t that how some Ponzi would work? Youā€™ll see soon enough. + +These LP-token fees will become future farming rewards. You can withdraw your farmed rewards without an additional fee. + +Then you can use those rewards by adding them to **TOAD-BNB** staking pool to gain rewards in **TOAD**. And again, you can stake **TOAD** to receive staking rewards for more **TOAD**. + +So, the minute the whales come in for their treat of eating and sh\*tting on the project, theyā€™ll give 10% to the existing community of LP farmers. And when they are done with their lunch and withdrawing LPs to dump on the market, f\*ck yeah, they give ANOTHER 10% to the whole community. Donā€™t you love where this is going? + +Instead of a Ponzi, we have a long-term hodler & farmer community with decentralized & perpetual liquidity. For a million years to comeā€¦ + +Now, as said, **TOAD** is building an ecosystem of **perpetual liquidity**. Bored of pancakeswap forks and their lack of vision, Toad will launch their own swap soon. As they will use their code on tokens listed on the exchange, there will be enough liquidity for good amount of trading with no possibilities for teams to do rug-pulls. **Toad Network** is building something that no other project is offering ā€” at least I havenā€™t dyorred any that do. + +The huge liquidity will also serve as a reserve for a myriad of financial tools such as lending and savings. + +DeFi for the peopleā€™s republic of crypto space. Or resistance. Or whatever you want to call it. + +These two projects work on different blockchains, **Dracula on Ethereum** and **Toad Network on Binance Smartchain**, but both see their near future as **cross-chain**. Meaning the elements of both ecosystems will serve all of the crypto space. + +Letā€™s cut it here. Now I ask you to talk to the devs and see if theyā€™re BASED on not. +Never in history have the elites faced an enemy like us. We can't be bought. We can't be scared off. Can't be reasoned with. Cant be distracted or sidetracked. We have no leaders for them to target. No headquarters to push us out of. Just a hivemind of self proclaimed crayon eating retards. + +These parasites have always operated at low vibrational level of manipulation, using the same boomer tactics time and time again to eliminate anyone that tried to go against them. + +They don't and will never understand that we come from the generation of memes. Growing up on MSN, Reddit and the depths of 4chan. They are completely outgunned and outclassed. They're machine men that will be undone with laughter, grins and creativity. We're collapsing this rigged system for the memes and the friends along the way. Wealth is a bonus. + +It costs us nothing to buy, hold, DRS. We can't stop. We won't stop. Show them no quarter. +Of all the places I've splurged at, the Royal Mansour in Marrakesh is the only place which really stood out for me. Every room and feature was absolutely gorgeous and I felt like royalty. + +Whenever travel opens back up and countries start allowing tourists again, I want that experience again. Any recommendations? (Especially in Asia or India) +shout out to u/ChristianRauchenwald for the world class DD! + +&#x200B; + +Elliot Wave Theory + +&#x200B; + +https://preview.redd.it/l0vdexj5ohn61.png?width=1833&format=png&auto=webp&s=41320130f91b5347a393774aedaf563a91b461a1 + +Elliot Waves for GME - What that means, further below... + +I know most of you likely never heard the name *Ralph Nelson Elliott* and his surprisingly called "*Elliot Wave Theory*". If you want to change that, I recommend you read the free book [here](https://www.elliottwave.com/Free-Reports/Elliott-Wave-Principle). But since I know that most of you are too busy eating crayons I'm going to summarise it quickly. + +A rare recording of Ralph Nelson Elliot's early days. + +As you can see, our fellow šŸ¦ Ralph already had a real hunger for tendies as a little kid. That hunger drove him to use his crayons on charts until he discovered in the 1930s that the stock market always moves in recognizable patterns back, so-called "waves".Simplified there are only two types of waves: + +1. Impulse +2. Corrective + +**Impulsive Waves** + +Those are always waves that move the market and consist of five sub-waves because five is the smallest number of waves that can accomplish an overall movement. + +&#x200B; + +https://preview.redd.it/7zcxlzn7ohn61.png?width=535&format=png&auto=webp&s=6c7d5d431d351b8011ef4a5b4fa4fb123b4ee064 + +Impulsive Wave on GME Weekly Chart + +**Corrective Waves** + +Although there are a few different corrective patterns we can say in general that they consist of three waves because that's the smallest number needed to achieve a retracement. + +&#x200B; + +https://preview.redd.it/bf1arfybohn61.png?width=382&format=png&auto=webp&s=e7503b533893b2ab4b05ddc4ac04df20675939cf + +Corrective Wave on GME Daily Chart + +*There are a few special cases, and obviously overall more to learn about it, otherwise, there would hardly be an entire book about it.* + +Before we now take our colorful crayons and applied that mindblowing knowledge on GME there are a few other things you should understand: + +1. Each wave can and should contain waves in itself. šŸ¤Æ I know... Sounds complicated, and often is, but to give you a simple example, in the 1-2-3-4-5 Impulsive wave above, you'd be able - possibly not on the monthly chart but on weekly or lower - to also fit another 1-2-3-4-5 between 2 and 4.This way you can confirm if your patterns are actually valid. +2. Each 1-2-3-4-5 Impulsive wave is followed by a corrective wave. So, after 1-2-3-4-5, we see a corrective pattern like A-B-C. *(There are a few other corrective patterns but the basic A-B-C zig-zag is most common).* + +So you are telling me that fellow šŸ¦ Ralph knew how to predict the market almost 100 years ago? Sure... + +Elliot Waves are highly accurate and in my opinion a great tool to predict what the market or a specific stock is going to do. + +Unlike most indicators it doesn't lack behind, however, there are still cases where multiple patterns could be applied and only once a few more candles are on the chart will it be clear which of those actually is correct. + +Already during our first šŸš€ launch attempt that got canceled by RobinHood and others, I used Elliot Waves to estimate how far that rocket might go. + +&#x200B; + +https://preview.redd.it/ktfxk4aeohn61.png?width=1544&format=png&auto=webp&s=aaadea58e519cfb08c76a483298b9d56e83ad4bb + +Screenshot using Elliot Waves on the GME 15 min chart on the 25th of January + +I shared that screenshot initially [here](https://www.reddit.com/r/wallstreetbets/comments/l4syrd/gme_megathread_part_2/gkqko9z/) and mentioned in a further reply once we reached that range that a drop in the range of $137-$207 will likely follow before our šŸš€ finally will launch to more than $4,000 per share. + +&#x200B; + +https://preview.redd.it/3iokow4gohn61.png?width=1552&format=png&auto=webp&s=d721faa86a85d269ba2f45abd2ac9194b467f6ec + +What actually happened after that "prediction"? + +As you can see both statements were highly accurate and IMHO only because of buying restrictions did the drop go further than it should have and our šŸš€ take-off was canceled. + +If you can follow so far that's great... if not, I really recommend that you use the time while we wait for take-off to read the book about Elliot Waves. + +OK, but how come that $10,000 per share is now just a stop along the way? + +Well, by preventing the launch back then HFs fucked up IMHO and now more people are buying tickets for their trip into space. After all, Elliot Waves are in simple terms nothing else but the manifestation of human behavior on the market. + +However, the beyond average manipulation (preventing buy orders altogether) also makes it harder to say with absolute certainty that the following pattern is accurate, but since they anyway only reflect my opinion I'm still going to share them. + +&#x200B; + +https://preview.redd.it/q26p6lmkohn61.png?width=1782&format=png&auto=webp&s=50290f8fe34fb0e2cd1fb6f58c8c06fc81a6b67f + +Using my new crayons on GME hourly chart. + +The way it looks right now we are currently in a corrective wave 2 (see 0-1) that is developing as an A-B-C pattern. Both of those aspects show a correction into the current range, although we haven't reached the predicted range for C in the A-B-C pattern (and maybe won't, but I wouldn't be surprised if the price falls into the range of $131-$161 to confirm both predictions and possibly also close the gap that's still open from the 5th to the 8th of March at $140.50).This would mean that we are likely at the end of wave #2 within a 1-2-3-4-5 Impulse. + +&#x200B; + +https://preview.redd.it/vpssstgmohn61.png?width=1854&format=png&auto=webp&s=7a82de9fedbea728b56c48befb504dfbb90ee00b + +šŸš€ Pre-Launch + +Now, the projection for the following wave 3-4-5 looks like this and already gets us into the range of $10,231 to $13,382 - at which point we'd see a corrective pattern (A-B-C), which IMHO is very likely since a few šŸ“„ šŸ™Œ bitches would likely sell their shares at that price and HFs obv. will also try to create a drop at a price point like this to make it appear as if the MOASS is already over. + +However, as mentioned earlier, each wave consists of waves, so the 1-2-3-4-5 Impulse you can see in the image above is actually just wave #3 in the bigger 1-2-3-4-5 Impuls that began during the all-time low of GME. Confirming the highlighted pattern, and also confirming that we are likely going to see a correction/retracement/sell-off at that level. And that Corrective pattern would be wave #4 in the bigger Impulse, and after that, we will see our šŸš€ fly. It's hard to say how far right now, but personally I expect to see $130k per share, possibly more. + +Now, as said, all of that is just my opinion and not financial advice. + +**TL;DR IMHO GME will go short-term to around $2,000 at which point we'll see a small retracement and then we'll move to our pre-launch stage at $10,000 per share, followed by a drop to as little as $7,000 per share, followed by the šŸš€ take-off to $100,000 or more per share. I learned all of that from a very old ape called Ralph Nelson Elliot that used his crayons in interesting ways.** +Hello UKPF, + +I'm a long term lurker and enjoy following this community. I've created a throwaway account for the obvious reason of friends/colleagues potentially spotting me... + + +I just wanted to share that I paid the final balance off my mortgage this lunchtime. It's quite a weird feeling - it's slowly sinking in as I type this and the relief is incredible. I'm 41. + +&#x200B; + +This isn't a gloat posted, but share that all I did was over pay a moderate amount consistently over the term, which put me in a position to complete the mortgage term in just over 16 years. Committing to the over payment early stopped me wasting a small amount I had left over each month. It was the best phone call I've made adjusting the mortgage payment all those years ago. + + +I've always been careful with money, but being completely honest on *every* outgoing has allowed me to calculate an amount I could commit to. I'm a simple creature with simple pleasures, but I always pay into a play pot every month too, so I'm not hyper sensitive about treating myself. + + +I come from a poor background, but managed to get a science degree and get myself a professional job which pays a moderate but not exceptional amount. My parents had instilled into them don't spend what you don't have, which was a life lesson I followed and has put me in this position today. + + +Anyway, I'm going to sit in the sunshine now and quietly enjoy the rest of the bank holiday with a beer and friends and not say a word about this to them. But I hope this gives somebody early in their financial journey the impetus that simple financial adjustments can have incredible impacts for you. Have a great weekend UKPF'ers. +You can bet on Democrats (who won) on this market at a price of about 0.95 on this market: [https://predictions.global/augur-markets/which-party-will-control-the-house-after-2018-u-s-midterm-election-0xbbbc0a8baa03535e0a680ee2f057162aaaafd570](https://predictions.global/augur-markets/which-party-will-control-the-house-after-2018-u-s-midterm-election-0xbbbc0a8baa03535e0a680ee2f057162aaaafd570) + +This means that for every 0.95 ETH that you put in now, you will get 1 ETH back in about a month. This can be done with up to \~950 ETH. So you put in 950 ETH today, and get back 1000 ETH in about a month. + +The reason why this opportunity exists is because some traders want to cash out early and don't want to wait a month, and are willing to pay to cash out early. It's very hard to imagine a scenario where something goes wrong and you lose money doing this. +Hi everyone +Looking to purchase a waterfront home listed for $3,375,000 in Florida. We just made an offer. I need recommendations as to where to look for the best rate on a jumbo mortgage. Iā€™m thinking of a 30 year fixed mortgage with 20-25% down. This would be our dream home and likely our forever home. Still working. Kids are in high school and elementary school. I can afford a bigger down payment and a faster pay down but am thinking itā€™s probably a good idea to leverage the current low interest rates rather than pull money from investments. With 20-25% down I can comfortably make the payments from current employment. + +My current home will likely fetch $1.725 million and I will have about $1 million in equity, which I can put into paying the new mortgage down or put back into the market. + +Do you recommend reaching out to a mortgage broker or just our local banks? Any discount programs anywhere? + +Thanks again. Any thoughts or suggestions are welcome. +Hot take, but after trading for 15 years, Iā€™ve seen options traders come and go, the majority going. The unfortunate part is trading can be a significant wealth development tool and finding a successful approach truly isnā€™t that complex - not to be confused with easy. The most common reason for failure was lack of planning. I started this way too. I kinda wung things, thinking Iā€™d somehow be successful. I was delusional. The saving grace for me was getting smacked in the face with a large loss that made me completely re-evaluate what I was doing. + +Here are 3 things I struggled with early on that I firmly believe can help any trader achieve better results. + +1. Plan it out. This doesnā€™t need to be crazy to start, but will increase in complexity as approach is refined. Beginning with a trade checklist, trading plan, and trade log will greatly benefit any trader. It took me 2-3 years to get serious about creating these tools and that was a mistake. For each trade, Iā€™d define what made me enter, what I expected itā€™ll do, when will I manage risk, when will I manage profit. Every. Trade. +2. Discipline. Most of us tend to over-evaluate ourselves, in part to protect our fragile egos. I was in college ROTC training for the Marine Corps, waking up at 5am without a problem. I didnā€™t bother having controls because I thought I could trust myself, I was disciplined - right? Wrong. I took my largest % of portfolio loss during this timeframe. I sold a wide far OTM iron condor in RUT that I thought was ā€œsafeā€. When one side fell ITM, I didnā€™t do anything because the probabilities ā€œwere in my favorā€. The loss grew and I didnā€™t want to realize the loss because it was large. Then it got larger. And then larger. Before I finally intervened exited as a significant loss. The trade wouldā€™ve ended up at a max profit btw. +3. Focus. There are a ton of strategies and variants. It can be alluring to try all of them, which thereā€™s nothing wrong with. But donā€™t try all of them and rush your exploration to try others. Select 3-5 strategies and truly study them. Once you feel like you gave them a fair shake, move on. I ended up focusing on 5 that I can trade in any market condition effectively - covered strangle, ratio short strangles, ratio diagonals, long single options, short single options. + +Sharing lessons learned helps the next generation of options traders get off to a better start than we did. What would you have done differently? +Do investment account managers at banks, Merrill Lynch, etc know what theyā€™re talking about or do they all go through a course to just sell their investment products? Is there a professional out there that I can say hi, this is why I have, these are my goals, tell me what to do. Like a rain man of investingšŸ˜ +I feel like every time I speak with one of these guys they kinda all have the same ā€œbucket ā€œ narrative. Am I speaking to the wrong professionals? +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +There is very little more bullish than Ryan Cohen's tweet declaring his DiamantenhƤnded 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! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$220.17 / 190,15 ā‚¬** *(volume: 1428)* +- šŸŸ© 115 minutes in: $217.37 / 187,73 ā‚¬ *(volume: 1300)* +- ā¬œ 110 minutes in: $217.29 / 187,66 ā‚¬ *(volume: 1294)* +- ā¬œ 105 minutes in: $217.29 / 187,66 ā‚¬ *(volume: 1289)* +- ā¬œ 100 minutes in: $217.29 / 187,66 ā‚¬ *(volume: 1274)* +- šŸŸ© 95 minutes in: $217.29 / 187,66 ā‚¬ *(volume: 1255)* +- šŸŸ© 90 minutes in: $217.22 / 187,60 ā‚¬ *(volume: 1223)* +- šŸŸ„ 85 minutes in: $217.11 / 187,50 ā‚¬ *(volume: 1219)* +- ā¬œ 80 minutes in: $217.69 / 188,00 ā‚¬ *(volume: 1184)* +- šŸŸ„ 75 minutes in: $217.69 / 188,00 ā‚¬ *(volume: 1169)* +- šŸŸ© 70 minutes in: $220.26 / 190,23 ā‚¬ *(volume: 1072)* +- šŸŸ© 65 minutes in: $217.54 / 187,88 ā‚¬ *(volume: 1060)* +- šŸŸ© 60 minutes in: $216.34 / 186,84 ā‚¬ *(volume: 958)* +- šŸŸ„ 55 minutes in: $216.32 / 186,82 ā‚¬ *(volume: 942)* +- šŸŸ„ 50 minutes in: $216.34 / 186,84 ā‚¬ *(volume: 935)* +- šŸŸ„ 45 minutes in: $216.37 / 186,86 ā‚¬ *(volume: 934)* +- šŸŸ© 40 minutes in: $216.40 / 186,89 ā‚¬ *(volume: 879)* +- šŸŸ© 35 minutes in: $216.17 / 186,69 ā‚¬ *(volume: 701)* +- šŸŸ„ 30 minutes in: $215.56 / 186,16 ā‚¬ *(volume: 673)* +- šŸŸ© 25 minutes in: $215.57 / 186,18 ā‚¬ *(volume: 550)* +- šŸŸ© 20 minutes in: $215.54 / 186,15 ā‚¬ *(volume: 528)* +- šŸŸ© 15 minutes in: $215.49 / 186,10 ā‚¬ *(volume: 506)* +- ā¬œ 10 minutes in: $215.43 / 186,05 ā‚¬ *(volume: 490)* +- šŸŸ„ 5 minutes in: $215.43 / 186,05 ā‚¬ *(volume: 470)* +- šŸŸ„ 0 minutes in: $215.46 / 186,07 ā‚¬ *(volume: 322)* +- šŸŸ© US close price: $218.64 / 188,82 ā‚¬ *($217.19 / 187,57 ā‚¬ 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) + +DiamantenhƤnde isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've had a few conversations both on Reddit and with friends who don't fully understand the benefits of HSAs so I thought I would post some of the stuff we've talked about before. If you're eligible for an HSA(edit: not everyone is, you need to be enrolled in a high deductible health plan), here's some reasons why it's the best retirement savings vehicle: + +1)the major advantage is that it has pre tax contributions like a traditional retirement account but your withdrawals are also tax free like a Roth account. So you get double tax benefits, nothing else comes close. + + 2)you can invest your HSA. most plans have pre selected investment options like a 401k, but you are not limited to just the HSA account your employer offers. You can transfer your balance to just about any HSA bank, and some of them offer full investment options. + +3) A couple retiring at 65 in 2019 will pay $390k in health expenses throughout retirement(link below). Health expenses aren't a trivial portion of your retirement spending. Also, take a look at what falls under covered medical expenses it's not just doctors visits and medication. I was surprised that part of the cost of wheelchair accessible vehicles is an eligible expense, but it's also allows things for lots of other things. + +3) although before retirement it can't be used for health insurance premiums, after retirement it can be used for supplemental Medicare coverage premiums + +4)in retirement it can be used for long term care (hospice, nursing home, nurse visits to home). This is a big expense that is hard to factor in and a lot of people end up getting long term care insurance in their 50s to cover it. Having substantial HSA savings can alleviate this concern. + +5)By being able to cover health expenses out of your HSA, you are able to keep your money in other retirement accounts and let it keep growing. You won't have to pay taxes on a traditional account withdrawal and you won't have to use tax advantaged funds from a roth account to pay for medical expenses. A few big medical expenses early on could really eat into your retirement savings. + +6)It can make your retirement planning easier as you no longer have to factor in health expenses into your budget. Health expenses aren't always regular and predictable, like rent/mortgage, food, internet, phone, utilities. It can prevent you from blowing through your budget on unexpected medical expenses. + +7) if you pay for medical expenses out of pocket, you can take a reimbursement at any time in the future. So if you pay $5k out of pocket every year for 10 years, you can take $50k out and it won't be taxed, it's just considered a reimbursement for medical expenses. if you pay out of pocket for a lot of things throughout your career, you can take that money out in retirement (or earlier if needed) instead of using your other accounts. The downside to this is that you need to be able to withstand an audit, I'm keeping an excel sheet of each expense and saving pictures of my receipts, it can be some work, but I think it will be worth it. + +8) non retirement reason, but I feel comfortable keeping smaller emergency fund since I no longer have to factor in unexpected health expenses as being paid out of my emergency fund. There's also a peace of mind in knowing that I'm able to pay for any health care expense that pops up without digging into my other savings accounts. + +9) ultimate reason that it's the best retirement account though... if you need the money for non medical needs in retirement, you can just treat it like a traditional retirement account. Withdrawals can be made in retirement for non medical expenses and are taxed just like withdrawals from a traditional IRA or 401k, no additional fees. So worst case scenario, it's traditional IRA, best case scenario, it's the ultimate tax advantaged account. It blew my mind when I found this out, it really takes away a lot of the risk based on a potentially healthy retirement. Edit: as another commentor pointed out, HSA retirement age is 65, not 59.5 like with other retirement accounts + + + + +https://www.cnbc.com/2019/07/18/retiring-this-year-how-much-youll-need-for-health-care-costs.html +It's no doubt the market is insanely overvalued and there are growing fears of a massive crash that will trump 2008. I'm curious how much cash you're all rolling with during this time. I rarely carry cash but starting last week I've retained 10% in cash in anticipation of said crash. +I gotta say, I see some good shit out there. I see new members trying to diversify their positions and learn about other stocks and other ways to make money. This is the path my fellow retards. I'm a nobody here, but I have good returns and some good insight. When I came to WSB, multiple people helped me figure out what the fuck I was doing, because I knew jack shit. I care more about my money than yours, but no retard should be left in the dark alone. So let me pass on a couple things. I can't prove shit to you, so read this or don't. + +I mainly trade options (Calls and Puts), so that is what I will discuss + +Generally the most insane gains will come from being in a specific stock and not an ETF or Index. While riskier, this is where you can hit the homeruns. So decide if you want to go for conservative gains or if you want those huge swings. While what I said is true, I am usually against putting everything into a single bet. Anything can go wrong at any time and no play is 100% guaranteed. The goal of this game is to stay alive. You will lose money on a play at some point, because it is inevitable. So never let yourself get wiped out, because you can always build yourself back up. This goes along with one of my other recommendations: always have SOME cash ready to go. You never know when there might be an incredible opportunity and you do not want to get caught with your ass hanging out. + +Paper hands and diamond hands are just words. You ultimately decide when you want to sell or hold and how much profit you want to take. One of my favorite strategies is to say, buy an even number of options on a play, sell half at a modest level of gains (like enough to break even or gain a little bit) and then let the rest ride longer. Look guys, on many plays, you either paper hands at some point or diamond hands long enough to see your positions go red. Some people will bail at 40% gains and others might not take anything less than 500%. Just know that chasing endless profits ups the risk factor, so YOU decide when it's time. Having a target share price for the stock is also a good strategy. + +Here's a couple psychological principles in investing. Studies have found that people tend to hold onto losing positions too long and sell winning positions too early. They let their losers lose and cut off their winners short. Apparently most people hate losing more than they like winning. Think about this before you sell. Stocks can often get hot and run multiple days in a row. Sometimes a stock will have one red day and then keep up going. This is why it's important to know WHY you got into a position. Trust your DD and stick to the plan. I had ideas for plays where they went red right away and I bailed... only to see them moon. "Diamond Hands" means that you don't dump your position instantly if it goes down. The hardest thing is knowing if you should cut losses or diamond hands. I'm a retard and we're in a bull market.. so often times the stock will eventually go up. Your call though. + +The market makers and big boys want you to lose. They want your money. I'm not going to dive into the realm of possible illegal activities that they may use, but just point out some simpler tactics they will use. Big money often sees retail as "weak hands" aka Buy High and Sell Low. They know FOMO is strong when a stock is going up big and that fear takes over when a stock divebombs. We're in a bull market, which means stonks only go up. However, we still have negative days. Stocks sell off sometimes and things can look bad. Generally, the dip is not time to sell, but instead, time to buy. Case and point, we had a pretty big drilling 2 weeks ago. Do you know what the big money did? They bought the fuckin dip and snatched up everything for cheap. We've been mooning ever since. + +Sometimes shit makes no sense. A company can have blowout earnings, exceed expectations, and the stock will tank. I was holding one stock a little while ago that reported a fantastic earnings and proceeded to drill to the core of the Earth that day. It was total bullshit and I knew it, I trusted my DD. So instead of panic selling, I added to my position. Sure enough, the stock began swinging upwards and hit an all-time high just 2 weeks later. This is why simply gambling can bite you in the ass. It's easy to get scared and sell when you doubt yourself because you picked a random thing to buy. + +Option Expiration Dates matter. Buying a 1 week option is the cheapest and gives the biggest percentage of profits if it goes your way. However, it can often be a noob trap. One bad day or one piece of bad news can kill your entire position. Stocks trade sideways sometimes. Sometimes they don't do what you think they should do. And sometimes the whole fucking market shits itself for seemingly no reason. So give yourself TIME to work with. Time costs money and hurts profit margins. But it is better to consistently make 50% profit than to hit one play for 300% followed by 10 losers. Look, playing weekly stupidly OTM calls is fun as hell and is a huge rush when it hits. I do at least one or more every week. The key is not loading your entire portfolio into this shit. Remember, no tendies = no more fun. + +Along the same lines, Strike Price matters. An OTM (Out of the Money) option means that the Strike Price is a bit of a ways from where the stock's price currently is. OTM options give huge profit margins the further you go out. I personally enjoy using them.. some people don't. But my advice is to balance risk with profit potential. If your call relies on a stock gaining 50% in 2 weeks.. then well, it's probably not gonna happen. ITM (In The Money) options means that your stock is already within the strike price. ITM is a more conservative play and sacrifices massive gains for lower risk. + +[https://www.optionsprofitcalculator.com/calculator/long-call.html](https://www.optionsprofitcalculator.com/calculator/long-call.html) \- Use this to get an estimate of potential profits and how much of a move you need + +Leaps are fuckin dope. A Leap is a call, but for a much longer period of time. I'm using the term loosely because we're degenerates and some people might consider anything more than 1 month a leap. Given that the market trends up over time, you might even make some money on a mediocre stock this way. A lot of people buy ITM leaps, but again, I'm a degenerate and go OTM a lot. + +Implied Volatility (IV) - Extremely fucking important. IV is basically an estimation of how much a stock is predicted to move in either direction. High IV = Expensive Options. It's fucking weird to think, but you can make similar profits from a 2% move on a low IV stock as you can from a 5% move on a more volatile stock. Low IV is fantastic when buying an option on a stock that you think is about to moon. High IV is riskier, so you damn well better think the stock can make some big moves. Buying an option on a stock right before Earnings Report (ER) will be more expensive due to IV. Trying to play ER is usually for suckers, unless you have some really good DD about why a company might deliver a huge surprise. One of the textbook big boy moves is to pump a stock going into ER. The company will deliver great news and then dump hard. You may see people bitching about this very soon. Basically, big money knew ahead of time it would be good, so the stock got pumped and then they took profits. + +Buy the rumor and sell the news. Events, press releases, and important dates that everyone knows about are another trap. You will get shit on. Ask someone about TESLA Battery Day. Positive rumors will send a stock soaring though. + +Finally, get busy learning. Read about Options on Investopedia and any other things you do not understand. The big boys rely on us to not know what the fuck we're doing to take our money. Learn about the general market. Stocks are grouped into "Sectors" or categories. Start figuring out what they are and pay attention to where the money is going. I didn't even mention half of the shit that goes on in options, so that's on you. The first thing you need to do is to learn what the "Greeks" are. That will teach you how options function. + +[https://www.investopedia.com/trading/using-the-greeks-to-understand-options/](https://www.investopedia.com/trading/using-the-greeks-to-understand-options/) + +If anyone wants to talk or discuss, send me a message. I'm a degenerate with no life. + +Oh and, if you follow someone's DD and lose money that's on you. I've come up with some genius shit, but I've also lost on some retarded calls. Nobody can pick you a guaranteed winner and hindsight is 20/20. + +May the gains be with you +I see a lot of tickers being flagged for good premium opportunities (FB, SNAP, NFLX, etc.). Please keep in mind, we're in earnings season so you may want to check the calendar. I know it's a beginner mistake, but there's a lot of beginners in here. + +Save yourself the stress and blown out trades, always check for earnings and catalyst dates before entering a trade. +Hey guys, + +it seems a correction has arrived, the sell off across small caps --> large cap is making me dizzy lol + +What is your play today? + +For me, I would have to close almost all my put spreads, and add more to the calls side. The IV would be high today. + +Day end edit: + +I rolled my AMD/ AAPL PCS down and away, took a small loss. Also added a bunch of call credits spreads to hedge a few tested positions. + +Overall, my currently portfolio looking decent, just annoyed that I panic a lil bit and rolled my AMD/ AAPL too early. Should have waited an hour after the market settled down. + +&#x200B; +https://electrek.co/2017/08/07/tesla-tsla-debt-raising-model-3/ + +Senior notes due on 2025, will be interesting to see the coupon rate on this issue. The last issue was for 2.375% but were convertible. +I read a lot on here on how much people in tech and other industries make but not so much banking. Banking is a pretty broad field so this is aimed at anyone who works in banking no matter the area. Trying to get a read on the market as it's hard to find salaries online for Australia. I earn about $75k incld super, in the call center at a bank working from home, 40 hours a week. First job out of uni, 1 year in. +I know they're virtually worthless right now and have sold off most of their patents and divisions. But they're wiggling out of bankruptcy and mainly, just the household name KODAK- they must regain some footing no matter what they do, amirite? + +EDIT: Ok, sold 1600 shares at 9 cents. Sold the rest at 12 cents. I'm out. + +TIL: Bankrupt companies may nullify their existing stocks upon reorganization, so check before you buy. Thanks for the lesson, reddit. +Hi all, + +I'm an office worker who has absolutely loved WFH full time and my productivity increase has been noticed. + +Ive been told that my employer is going to be offering a change to WFH contracts whereby my primary workplace becomes "home". + +The details of this contract hasn't been revealed yet but I am excited about this as an option as it really will reduce my FIRE timeline due to the cost savings from commuting etc. + +Is there anything I should be concerned about from this perm contract change? + +Does a change in workplace to "home" have any tax implications? Are there any benefits from a tax perspective that I would be entitled to? + +I own my home if that makes any difference. + + +Thanks +American population lives paycheck to paycheck, working jobs they hate and drowning in debt. + +America is a first world country. Billions of people in the world would love to become American citizens if only given a chance. + +If you live in America you should consider yourself lucky. If you can afford to buy just a fraction of bitcoin consider yourself extremely lucky. + +https://abcnews.go.com/US/10-americans-struggle-cover-400-emergency-expense-federal/story?id=63253846 + +https://www.cnbc.com/2020/12/11/majority-of-americans-are-living-paycheck-to-paycheck-since-covid-hit.html + +https://www.cbsnews.com/news/why-so-many-americans-hate-their-jobs/ + +https://www.washingtonpost.com/news/wonk/wp/2017/12/08/americans-are-drowning-in-debt-heres-where-they-have-it-the-worst/ +For further context, my idea would be to have my TFSA maxed out with mostly XEQT and Iā€™m 26 years old. Thereā€™s something enticing about the idea of eventually building a portfolio thatā€™ll pay out 3-4k in dividends. What do you guys buy in your unregistered account? + +Edit: to further expand, my RRSP Is all XEQT + +Second Edit: i appreciate the discussion in this thread! +Hey all, + +So, my father and I are considering buying a parcel of land, just to hold for 5-15 years and sell later to a developer or what have you in the future. We're looking to buy a parcel for under 350k. I have a few questions, and to be honest, I don't know where to begin. + +1. Financing - Does anyone know a lender or so that specializes in land? My underingstanding is that we have to put 50% down, which is doable, but not ideal. If we can get away with 20 or 30%, I'd prefer that, as I don't want to tie up that much money in one project +2. Steps- what do I need to know? I know I have to figure out zoning and such (make sure whatever it's zoned to, I can zone it to residential or commercial). I do know I need a land survey and a soil tests to make sure there are no surprises when the buyer wants to develop it. + +More or less, just need a place to start. Any advice, I'd greatly appreciate it. + +&#x200B; + +&#x200B; + +Ps. Repost from r/PersonalFinanceCanada +[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) +Woke up this morning to YNAB alerting me to a new purchase at a fast food restaurant i haven't been to in months. I check my credit card's app, and there's no purchase on the date YNAB indicated. Confused, i try the apps transaction search function and it pulls up a transaction from literally six months ago ("Transaction date: September x, 2021") with a "Posted date" of March 22, 2022. + +It seems to be a charge that showed up as pending when i made the purchase but then disappeared. I totally forgot about it until now. My question is, can they do this?? It's been SIX months! + +The most annoying part though is that i think i had a cash back offer on my card for this place at the time, but naturally that long since expired. +**BACKGROUND** + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My net worth at that time was $1,333,772 (with home/land). Our actual withdrawal rate is much less than the original 3% of portfolio due to: occasionally earning additional passive income; receiving an unexpected $30k windfall in 2018; and purchasing my parents home at a greatly reduced price in 2019 (below). The budgeted maximum withdrawal amount for 2021 is $3,904/mo or $46,858/yr (now 2% of net worth). In 2017, it was $2564/mo ($2682/mo adjusted for inflation). Weā€™re so far out of danger by historical precedent that spending is no longer a thought. The road of questions about what I do for health care (subsidies and their ambiguous morality), why retail pharmacy is so bad (below), and whether my situation is from determination or privilege (a lot of both) has been well tread. + +**Career**: I am a former retail pharmacist who hated both his job and profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), and revenue from an ebay business while in college ($10k), and student loans ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. Our savings rate was about 70% on average. My parents initially promised to cover the student loans out of what they deemed to be principle, but we assumed them when purchasing their home/farm in 2019 ($380k + assumption of student loans + free rent for life, for an estimated $750k home/farm that is now probably closer to $900k). + +**Finances**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation was initially 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). After the purchase of my parentsā€™ home/farm, our net worth is closer to 50% real estate (one house with 28 acres and another house with 66 acres) / 50% VTSAX (total US stock market). We also hold roughly $50k in belongings not included in the portfolio. My spending model places no dependence upon possible future employment, social security, other inheritances, universal health care, or universal basic income. The final balance will be left to charities and worthy causes. + + +**2020 RECAP** + +**Spending**: Living expenses for 2020 came to $39,458 (max budget $41,736). We generated $8,045 of income this year from some almost entirely passive stuff. Our investment withdrawal was $31,413 this year, thus our pro-rated, annually-adjusted withdrawal rate was 1.51% for the year (max budget 2%). Without the additional income stream, our withdrawal rate would have been 1.89% for the year. Spending guideline for 2021 will be $46,858 (2% of net worth). Our net worth has gone from $1,333,772 (start) to $2,342,926 (current). Did I panic when the market corrected 40%? No. Howling monkeys are always gonna howl. I rode it out, got all of it back, and padded the portfolio even further. The New York Times reached out to me again in March to see if I was financially ruined, but I had to disappoint them. + +**Experiences**: I ran nearly 2000 miles after my competitive running career came to a close (personal records: 5:12 mile, 17:37 5k, 36:39 10k, 1:17:38 HM, 2:43:12 marathon). Thatā€™s way down from 3000 miles in 2019, but I switched over to cycling (2000 miles) primarily during the summer (marathon training carried over, so my wattage [261w / 3.6 FTP] would put me around a good Cat 4 or bad Cat 3 racer if I ever were to compete). I allowed the pandemic and othersā€™ imbecilic denial of reality surrounding the pandemic to make this a less productive year. I mostly stayed home and stuck with existing hobbies (reading, gaming, watching movies, web browsing, vintage card/nintendo collecting, hiking, bird watching, shopping for my parents, following the near demise of our republic). I even reapplied with my old employer and the state volunteer medical core to help with immunizations for the upcoming year, but I am apparently not wanted. + +**Upcoming**: In 2021, I want to get vaccinated so that I can return to society, learn to swim effectively without a snorkel, learn to play some basic piano, look into becoming a race director, continue running for my physical/mental health, find some new volunteer opportunities, decrease my time in the digital world, spend more time with existing hobbies, make up for lost traveling (California #3, Hawaii #2, Japan #3), and continue to do whatever the fuck I want. +They threw WSB under the bus for doing exactly what they do, except from a buyer lens. They bashed us in the media. They shut down the WSB discord. They manipulated the market by making deals with trading platforms to screw us over. + +Our payback - BUY AND HOLD AMC/GME/BB/NOK. We'll squeeze through. We have the world's eyes on us, we have class action lawsuits started, we're in every media story. Now discord's come around, WeBull's come around, many celeb's/government officials have come around. + +This is MOMENTUM!! WE LIKE THE STOCKS! WE WILL SQUEEZE AND šŸš€ šŸš€ šŸš€ TO THE MOON. +This is a friendly warning to NOT USE any free service like cloudquant. CloudQuant is owned by 1-3 small prop trading firms. + +If you read their terms of service they OWN ALL YOUR OUTPUT DATA. This means they can reverse engineer every single algo you develop, and worse yet you are giving it to them for FREE. I actually had a couple conversations with people at there and when I said I that the conversion of my algos to python would take too long they actually volunteered people to assist with it. + +Talk about shady shit + +TRUST NO ONE. +Edit: just saying thanks for all the ideas! If I don't reply to you now it's either cause I'm buried in code or I've jumped off the balcony. This thread had been really helpful! + +First of all I'm not sure if this is the right place for this but it's the best place I could think of so if not just let me know where a better place to ask would be and I'm happy to move it there. + +Right, so I run a small fintech as a subscription service and I'm trying to improve my fundamentals screener which is one core piece of functionality on the site, among maybe 7-8 other core pieces. Currently it functions pretty primitively: I pay for an API which gives me access to historical fundamental data (I've got about 20-25 years of financials and metrics on ~15000 companies) but their filtering capability isn't very good. You can really only filter results based on a few items which is fine for 95% of what I need to do, but when it comes to screening (e.g. "Show me all stocks with revenue > X, PE < Y, price between 50-200" and so on) I'm currently pretty much building my own infrastructure for that because the API doesn't allow that kind of filtering. + +The way I handle it right now is I have a nightly job that goes out and pulls the latest additions to the dataset and diffs it against what's in my database (t2.medium RDS instance) to update any existing tickers w/ restatements and such as well as adding new tickers and data. I only add the most recent year of data in order to make the update quick and keep DB searches speedy, which works ok, but it doesn't allow me to do anything based on growth, changing trends or anything more advanced. The screener works fine as is and people are generally happy with it (though I'm not!), but the infrastructure seems clunky and not really scalable using this methodology, so I'm trying to determine what a better methodology would be to build something "real". + +I'm not looking for a "just do this" kind of answer here. What I'm trying to understand is how these larger companies like TradingView, which has an excellent screener for both fundamental and technical metrics, handle this. Do they just have massive databases full of stuff? Do they have a better API which allows filtering based on more fields than the one I use? What technologies are relevant to my use case in terms of databases, infrastructure, and query languages? + +I'm happy to answer any questions that would help give a better answer, I'm just not sure what to really ask at this point so I'm trying to open a discussion. If it helps, my site is a Django/Python back end, React front end, running on AWS Elastic Beanstalk with a Postgres RDS database, and the two main data vendors are Quandl (the fundamentals I'm trying to improve my screener for) and IEX Cloud (which is shit, and will be going away soon lol). Any insight or resources I could read to start researching better options would be greatly appreciated! +TA;DR (Too Ape; Didn't Read): How do y'all want us to tell MSM to fuck off? + +\---------------------- + +Holy shit! [We asked, and YOU responded.](https://www.reddit.com/r/Superstonk/comments/r8tyri/codename_sock_mod_team_was_approached_by_several/) That was A LOT of feedback and it was cool as fuck to see it all unfold in real time. It was so refreshing to see us all united against the MSM šŸ˜‚ But yea, we mods took your responses and feedback and these were the prevailing suggestions amongst the Apes. + +Just so everyone's aware of what you're voting for, this video is pretty much what we are telling MSM in ALL of these poll options šŸ˜‚: + +[credit: u\/kzoxp](https://reddit.com/link/r9q8n3/video/9bq4zgk1ks381/player) + +# So now it's time to choose which specific response you'd like to go with. Bear in mind, once you vote, YOU CANNOT CHANGE IT. So choose deliberately. + +# OPTIONS + +Poll Option 1: We ghost them. No response at all. + +Poll Option 2: We send them just a link to this meme: [https://www.reddit.com/r/Superstonk/comments/r8xy56/in\_the\_words\_of\_mark\_baum/](https://www.reddit.com/r/Superstonk/comments/r8xy56/in_the_words_of_mark_baum/) + +Poll Option 3: We send them just a link to the DD library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +Poll Option 4: We send them JUST a link to the [meme](https://www.reddit.com/r/Superstonk/comments/r8xy56/in_the_words_of_mark_baum/) AND the [DD library](https://fliphtml5.com/bookcase/kosyg). No flowery message included. + +Poll Option 5: We send them this exact message --- ā€œThank you for contacting r/Superstonk. While we understand your request to speak with the community/moderators would make your job easier, we would encourage you to do some investigative journalism. Our official response is read the [Due Diligence](https://fliphtml5.com/bookcase/kosyg) and [please fuck off](https://www.reddit.com/r/Superstonk/comments/r8xy56/in_the_words_of_mark_baum/).ā€ + +[View Poll](https://www.reddit.com/poll/r9q8n3) +I am $69,733 in debt, $27,220 in credit cards which are mostly around 29.99% interest, $35,670 in student loan debt, $4,033 in debt on a car I am upside down on, $2,810 in personal loan debt. No retirement, no savings, living paycheck to paycheck. I earn $2,300 every other week. I am 35 years old. Thinking bankruptcy might be the way I need to go, but I am not sure. I might possibly qualified for SSD as I broke my neck a year ago and have struggled with depression and social problems most of my life. I have seen the Reddit community help so many people, I thought I would ask for help myself. Any help would be very appreciated. +šŸ¤© Codename B.O.B has officially been released as.. $SPUNGE !! šŸ¤© + +ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€” + +**What is** **$SPUNGE?** + +āœ… Spunge is the freshest new project to hit #BSC! With a truly unique take on the standard #BSC fare, the $SPUNGE Team took an initial humble idea, and turned it into a **BEAST!** šŸš€ + +šŸ’„ Unique Project & Use Case - we aren't just another shitcoin fork, we are road mapping $SPUNGE to be the next biggest thing on #BSC! + +šŸ’„ Memes & Philanthropy - Memes are a staple in the crypto community, and we will be holding regular meme competitions to give back to our loyal #hodlers! In addition, we will also be giving back to the wider community through Charitable Donations! Know a great charity that could use a funding boost? Let us know! We want everyone to benefit from Spunge.Space, including those who aren't even part of the crypto movement yet! + +šŸ’„ NFTs & Lotteries - Making sure to take advantage of the latest DeFi NFT hype, Spunge will be partnering with some awesome players in the #BSC NFT space, to release Limited Edition NFT sets and assets! In addition, NFT and Token lotteries will be held on a day-to-day and weekly basis to keep us all entertained! These will form a key part in the community project events, and will be a feature that is here to stay! + +šŸ’„ Dynamic Buying Incentives - With $SPUNGE use-cases centered around supply deflation and incentivised token buying, we aim to achieve positive token momentum that keeps on delivering! Want to take part in the NFT and Token lotteries? You'll need $SPUNGE tokens to get access! Combined with price floor increasing mechanics, market buyback and burns, and incentivised $SPUNGE token holding, this project aims to constantly increase it's value proposition. + +šŸ’„ DAO Integration - To give the community more control over what the project does, a DAO structure will be setup that allows holders of the $SPUNGE token to have their say in aspects of funds allocation and project direction! With our dynamic liquidity and treasury fund generation, $SPUNGE will have a constant supply of funding to take the entire project to the next level. + +ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€” + +šŸš€ā—ļø **NOW FOR THE OTHER IMPORTANT STUFF!** ā—ļøšŸš€ + +šŸ“ˆ $SPUNGE Tokenomics: + +Max Supply - 1,000,000,000 + +Initial Burn - 475,000,000 + +Presale - 275,000,000\~ + +Liquidity - 200,000,000 + +Team - 50,000,000 + +āœ… **FAIR LAUNCH!!** \- Listing Price = Presale Price āœ… + +āž”ļø $SPUNGE Price On Listing = 1 BNB/1,666,666.666 $SPUNGE ā¬…ļø + +ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€” + +āš ļø **IMPORTANT TRADING INFORMATION** āš ļø + +šŸ’  Set Slippage to 9%+ + +šŸ’  Max Limit Token Transactions Initially = 333,334 $SPUNGE (as of this post no more limit) + +ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€” + +šŸŒŽ **THE** **$SPUNGE** **LINKS!** šŸŒŽ + +šŸŒ Website - [https://spunge.space](https://spunge.space/) *(make sure your volume is up and press the "play" button at the top for the full* \*$SPUNGE\* *experience!)* + +šŸ”Ž Smart Contract - [https://bscscan.com/token/0x78df9f9731139905c7aa4c0eac3e7b7847608154](https://bscscan.com/token/0x78df9f9731139905c7aa4c0eac3e7b7847608154) + +šŸ’Ž Buy on PancakeSwap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x78df9f9731139905c7aa4c0eac3e7b7847608154](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x78df9f9731139905c7aa4c0eac3e7b7847608154) + +šŸ” Unicrypt Liquidity Lock - [https://unicrypt.network/amm/pancake/pair/0xf9e6a94f5a9c223ba626d6b221c793d032d123cc](https://unicrypt.network/amm/pancake/pair/0xf9e6a94f5a9c223ba626d6b221c793d032d123cc) + +šŸ„ Twitter - [https://twitter.com/SpungeSpace](https://twitter.com/SpungeSpace) + +Telegram - [https://t.me/codenamebob](https://t.me/codenamebob) +The only thing you need to be a successful trader. KEEP IT SIMPLE. Donā€™t fall for all these snake oil salesmen selling complex indicators and strategies. Stop following signals. PASR is all you need. Study it for 6 months and I promise you, you will understand the markets and increase your amount of winning trades tenfold +Signed up 2008, traded for a while. Thought $ is fine left there because back then I recall them saying it's ok to park funds at Oanda even if we dont trade. Then in 2016, they introduced this 'inactivity fee' (wasn't aware), well, $10 a month and well, only recently I realized it and by then, they gobbled $179. + +Spoke to their customer service if they could return it if I were to to return trading but you know, gotta stick to policies. Even told me a blatant lie: "I do apologize to tell you that this inactivity fee is actually part if when you sign up to OANDA, its actually part of the agreement after you sign up an account with OANDA." (Jefferson). I mean if it were introduced in 2016, how could I have signed up with that? He did not bother communicating with his superiors. + +I mentioned that, Oanda had on more than one occasion make marketing calls to encourage me to trade, said I could follow trades and so on and even noticed I was inactive. But when it came to inactivity, they didn't bother calling. They only sent \*some\* emails (i didn't receive notifications for all months). + +I don't know what sort of inactivity costs $10 a month, it's complete unethical. It's clearly there for them to make profit. + +Some of you might think its my fault, but if I were aware I would of acted. Still however, if the company has to introduce such rules, and of such amount, they're just being extremely greedy. +It seems like you would almost always want to be paying a mortgage and increasing your net worth instead of renting, when you're throwing money into a black hole. I'm a 24 year old who just started a career and am currently renting an apartment. Is there any reason not to find a condo or house once my lease is up? +so I have 30% of my stock portfolio in tech (mainly QQQ and ARKK) and I plan to load more. I also have another 5% in SPAC (mainly gamble for new tech stocks) ... I want to share my views about tech and future in general. kinda like food for thought and I would like to hear your views. First of all: + +1. I believe we are in this unprecedent hype, or irrational exuberance. ALL STOCKS ARE OVERVALUED especially in the TECH sector +2. I think there is bound to be a correction sometime in the future +3. some of the IPO we see this year makes no sense. Doordash is valued at 50B... Airbnb is valued at 100B... we have many many other CLOUD, EV, Futuristic conceptual revolutionary mind blowing Energy stock shooting up the roof. valuation don't make sense anymore + +It feels awfully similar to the tech crash we had in 2000. however, I think there's a major difference. In 2000, people kinda knew technology is going to revolutionize our lives but no one really know how. everything was in their nascent stage. you have these web-based companies that don't have a clear goal in mind. I think what we are witnessing right now is the first phase of the real tech boom. traditional sectors are quickly being phased out or improved by technologies. just think how much our lives have changed in the past 10 years. I believe we will experience more rapid change in the future. The only thing that is stopping a lot of these changes are government regulations and push backs. For example, even at the current level, self driving cars are safer than manual. If we adopt the technology all together, we will be able to replace millions of truck drivers, cab drivers, bus drivers, amazon driver etc. I don't see that being unachievable by 2030. future generations will free up more manual labours and focus even more on technological advancement. + +Yes I understand tech stocks are over valued for many companies, but overall, this is where the future lies, and I think we should embrace the change... + +what do you guys think? +Sooo quick back story, Iā€™m 25, live in Alberta and I am the classic text book kid who left college after highschool, pursued the oilfield, made pretty decent money for a few years and didnā€™t save a dime. Fast forward to now and Iā€™ve grown up for the most part as Iā€™ve gone back to school, got employed in an in-demand trade that pays well and settled down with a girlfriend with our first kid on the way. + +Anyway, I want to know what are the best things I can start doing now with my money in smallish increments (1k-5k) to set up for my families future. I have little to no knowledge of the banking or investment systems. + +Basically I want to set realistic goals that can make me money, and provide a comfortable life for myself and family in the next 5-10 years. One thing I did that was right was I never got myself into debt, never financed a big truck or bought any toys. Only ever had 1 credit card. Iā€™m basically starting at zero. +**It doesn't take a genius to figure that out.** + +If you're a knowledgeable trader and can time the tops and bottoms with some degree of accuracy then this obviously doesn't apply to you. + +If you're in this for the long haul, the fundamentals haven't changed. + +* There will still only ever be 21M BTC and in macro terms, it has historically only ever gone up. +* ETH is still a monumental leap in technology and going to start burning supply from July onwards when EIP-1559 is implemented in the London fork +* all the other promising projects are doing incredible things +* Fiat currencies are still going to see massive inflation from all the printing going on +* Bitcoin [has died 421 times](https://99bitcoins.com/bitcoin-obituaries/) +* China has banned bitcoin in every bull run to date +* Institutional adoption is only just beginning, we're still reporting every new company that is accepting it or holding it on their balance sheet +* You're still really really really early. Think of it in terms of internet adoption: How many people in your circles are into crypto vs how many of them are on Facebook, and how long did it take from the dawn of internet to reach that stage? + +**The price going down is a blessing not a curse because it's so much cheaper!** + +If you buy when it's red and sell when it's green, history tells us that you'll likely profit generously. + +If you couldn't time the top then you probably can't time the bottom, and you probably won't be able to in the next couple of years, so why are you scared of getting a massive 50% discount? +___ +EDIT: Obviously if you have cash to spare. I'm not suggesting you buy any crypto if you can't afford to buy any. I thought that would be obvious. +___ +EDIT 2: So many people saying they don't have any more cash to spare. That's because "your plan is seriously flawed". It's in the title. You clearly didn't budget correctly, but you can learn from that and not FOMO everything in all at once next time! + + +[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 + +[šŸ“š 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) | [šŸ“š 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) | [šŸ“ˆ 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) | [šŸ¤” 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) | [šŸ’» 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) | [šŸ’” 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) | [šŸ“° 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) | [šŸ¤” 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) | [šŸ‘½ 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) | [šŸ“³ 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) | [ā˜ 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 šŸ’ŽšŸ™Œ](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** + +[šŸ“£ 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) | [šŸ“† 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) | [šŸšØ 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) | [šŸ“– 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) | [šŸ”” 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) | [āŒš 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) | [šŸ† 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) | [šŸ„“ Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"šŸ’» Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +So I dumped 30% of my portfolio on a put credit spread and yes it went against me. Very embarrassing very humiliating very unthetagang like... and now im at this emotional trading phase where I just want to make my money back, to prevent that I pulled out about 80% of my money from my portfolio. Times like this I feel like im too biased and emotional about the trades I make. I definitely learned my lesson though. +Whatever insults or negative criticism you comment I wont mind because I deserve it. Im going to play the market with little money at the moment till im emotionally recovered from this setback +For months, i have been on Reddit searching for the next GameStop. Iā€™ve been chasing plays thatā€™s left me bag holding, my wife was even getting angry with me for losing so much money. + +Reddit has become so toxic, I feel like everyone treats it like a shitty casino. People think itā€™s cool to bag hold, no one wants to help, just laugh at each other pains. I highly recommend for anyone that wants to learn option strategies or better yourself with option trading join a trading community. + +Now I have joined a trading community group, I have started to make profit on spreads and other plays. I made huge profit on MRNA, CHWY and SPY spreads, Iā€™m feeling so much better now and my wife has been giving me the courage to do more trades. + +For noobs like me celebrate your successes, whether big or small. Keep on going, youā€™ll only get better as time goes on. And try to avoid Reddit sometimes youā€™re never going to feel confident if you keep getting these shitty fools constantly saying negative commentary every time you ask a question. +https://www.cnbc.com/2019/07/17/netflix-earnings-q2-2019.html + +Shares of Netflix fell more than 10% after the company reported global net adds of 2.7 million, well below guidance of 5 million. + +The company also lost more than 100,000 subscribers in the U.S. It was expected to gain over 300,000. + +Netflix blamed its content slate, increased prices in some regions and other factors for its subscriber miss. + +Here are the key numbers: +Earnings per share: 60 cents, vs. 56 cents expected, per Refinitiv consensus estimate + +Revenue: $4.92 billion vs. $4.93 billion expected, per Refinitiv + +Domestic paid subscriber additions: A loss of 126,000 vs. a gain of 352,000, forecast by FactSet + +International paid subscriber additions: 2.83 million vs. 4.81 million, forecast by FactSet +[https://markets.businessinsider.com/news/stocks/moviepass-owner-hmny-stock-price-robinhood-halting-new-share-purchases-2018-8-1027454830](https://markets.businessinsider.com/news/stocks/moviepass-owner-hmny-stock-price-robinhood-halting-new-share-purchases-2018-8-1027454830) +Hello, my first time posting here. I did a search but couldn't find a concrete answer. + +I have ā‚¬20K in EUR in my Portugal account. I need it in USD in my USA account. + +I simulated in Wise and it says it would be $20.948,97 + +I also simulated in Revolut (but I don't have the funds there) and it says it would result in $21.161,85 + +I'm tempted to do Revolut but I don't know if they charge hidden fees. I have the free account. + +Even if I upgrade to the Premium Revolut account, it would still compensate over the Wise offer. + +Does anyone know any more advantageous way of doing this operation? + +Thanks in advanced. +I'm interested in investing in ETFs domiciled in the EU (for regulation and tax reasons) and I want ETFs that capture a large part of the world market (like the MSCI ACWI index or similar) but exclude investments in companies whose business is primarily based on fossil fuels. Exclusion of other high-controversy traits like companies producing cluster bombs or landmines is also desirable. + +Actively managed funds often screen for these things these days, but I'm having a harder time finding passive, index-based ETFs that include this screening. For example, Blackrock talks about employing these screenings, but only in relation with actively managed funds: + +[https://www.blackrock.com/uk/individual/literature/investment-guide/blackrock-baseline-screens-in-europe-middleeast-and-africa.pdf](https://www.blackrock.com/uk/individual/literature/investment-guide/blackrock-baseline-screens-in-europe-middleeast-and-africa.pdf) + +Maybe I'm missing what terminology or wording to search for. Are there any indexes/benchmarks that include this type of screening? Or what are good actual ETFs to look into? + +Note that I'm specifically **not** looking for indexes/ETFs that promote *"the best"* companies with regard to ESG criteria or similar, since this reduces the diversification too much for what I'm after. It's specifically excluding the *"worst offenders"*, e.g. **screening**, that I'm after. +Hey all + +I've worked as a freelancer for a Dutch company, and while I have written proof (via email) from the CEO that they would pay me in June (a few months ago), I have not received any money yet and they are no longer responding to me. + +I went to the free legal advice and they suggested to pass the case to a debt collector. Has anyone got experience with a situation similar to mine? What are your recommendations? + +The amount is less than ā‚¬10k and I'm a resident in the Netherlands. + +Thanks in advance +Seriously. this has been one of the greatest discoveries of my life. i went from broken hand me down computers that were honestly embarrassing whenever i had to show someone something to me now being perfectly content with my computers. + +the usual go to reccomendation is ubuntu. (https://www.ubuntu.com/desktop). i prefer to recommend elementary (https://elementary.io/) as its just simpler and also based on ubuntu. + +they are both completely free and most software you need is also free. its super easy but really intimidating. you can try it out with just a usb though without installing anything to see if you like it. + + +EDIT: + +okay so you dont need to erase windows if you end up liking linux. you can have both installed. its called dual booting. its just picking the right options during install. check a youtube video if you want to see what thats like. + +how to make a live usb https://www.youtube.com/watch?v=z5ZTGIrjBsU +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/n4z0ln\/releasing\_short\_selling\_fact\_sheet\_early\_just\_for\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/wbnt113lc8x61.png?width=759&format=png&auto=webp&s=ce34c580982087cacc5451558f5ec69a6a3384cb) + +This is about the **upcoming House Financial Services Committee hearing on Thus in which the SEC Chair Gary Gensler** will be there. They ask apes for opinions on what should be **an important discussion of issues** and so far there're almost zero input. Come on apes!!! + +Link to their post is right below: + +[https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing\_short\_selling\_fact\_sheet\_early\_just\_for/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing_short_selling_fact_sheet_early_just_for/?utm_source=share&utm_medium=web2x&context=3) + +Edit: Posted an actual link to the post instead of embedding it into a text. I didn't realize some apes would not click on an embedded link. +Hi, I really hope that you take your time read this because it has affected me very negatively over the past months. Away from that LBC Credits made me lose $50,000 going downwards. I forgave it and still believed in it. Luckily I only sent around 20K LBC of a larger investment into the software, the wallet app. I updated the software and POOOFFF!! The money was gone, 0 Credits. From 20k to 0, in a heartbeat. That is not a problem, things happen and we can't always control it. HOWEVER, there has been some development in this, I have been trying to contact the LBRY team to receive help, I have been pushed around for months, no answer on reddit/email/facebook or any other place, but when I go into Slack, they kind of are forced to answer since it's public, every time I explain, I am banned from the channel. They have banned me OVER 8 times, I have had to create 8 email addresses just to be able to get my message over, last thing they said to me, without even giving me 1 minute to read it (I had to recreate and email and go in again just to read it) and after that they have been banning me constantly, no explanations except for accusing me of being a scammer and being very very rude and intolerant, I have been trying so bad just to receive an answer, they have been neglecting it totally. I ask of you, with the deepest regards and wishes from my heart. DO NOT BUY LBRY CREDITS, DO NOT USE THIS APP/SOFTWARE or whatever it is supposed to be. IF you own any LBRY credits, PLEASE sell them, I promise you that you are better of without it. I have also taken screenshots along the talk with those guys because I have been fully aware of their repulsive actions. I also will report them to the authorities in my country and in the country where it is based and to international organisations. If any more of you people have been treated the same way or a like, just drop me an inbox, the more we are the more likely it is for them to face justice. + + + +UPDATE : Proof of Credits (Trade history of my Poloniex with LBRY credits): http://imgur.com/gIQAlWQ One of many conversations pointing towards me being dishonest (which I am not, I have been accused time after time) I got banned 3 times trying just to get an explanation under one very brief conversation: +http://imgur.com/bSzhhZd *after trying to communicate further, they all took me as a joke, 7 from the development team. +*More proof coming later + +*I have lost 2 years work. Spent 4 months trying to recover the 20k LBC lost, now I hope people get the truth on this coin. (I am not to be held responsible for the loss, since I did not provoke for it's happening whatsoever on the contrary it was the underdeveloped software safety. + +*I have been constantly jumped by the lbry team, I have also heard things like "What are you going to do about it?" and "No PR is bad PR right?" about me sharing my story, I have been wrongfully treated as a villain for months, almost everyone in the team is incapable of discussion and has continuously showed very bad temper and behaviour, this is why I recommend no one to enter this coin, NOT because it STOLE my money, it is because the community is a bad one, I have been active as well as investing as well as just observing and everything about the coin, I write this for YOU people and for ME in the future because I will take legal action. + + +*Here the developer "Owner of LBRY coin" as it says on his Slack. Have banned me over 5 times himself on slack, without me saying anything wrong. Here he confessed to the coin being unreliable and also to believing my story and will to pay 10k Credits just to get me of the forums and reddit. They banned me shortly after, they think I have 0 images. Well, I have screenshot a lot of things, now they speak to me in a whole different manner. http://imgur.com/a/h4WJl + +*I have tried communicating yet another time, account number 30+ on Slack. They keep banning me, talking crap about me after I'm banned, I come in again to counter their BS, they ban me often before I even get to speak + +*Here I am guessing the team was ganging on me, http://imgur.com/a/le8Lf told me a lot of things unpleasant and instead of making me feel better they say things like "now your money is stuck in system means less money in circulation, thanks..." something like that see Etoque. (Look at the conversation on the right) also where it ends with Niko telling me "What are you going to do about it?" and banning me the same second, luckily I had the time to take screenshot which they weren't ready for + + +*To all those not willing to understand and stop saying "Backup wallet". I tried backing up the wallet, it wasn't in that directory, I asked on SLACK for help from Nikooo777 and Stearymiring from LBRY team, they both agreed on the same thing and actually made me backup the wrong wallet. It is not my fault for the 1000th time, I haven't done anything wrong still people are jumping me and calling me names, I do not appreciate this, I am here to share my story of being harassed, things that made my life worse and people putting me down, if you are willing to show support, that is welcome. + + + + +http://imgur.com/a/h0ZmI + +Not sure what I have done to deserve this, they've been making me feel bad for very long. Like this all the time, to me it feels like hell but they seem to be enjoying it... http://imgur.com/a/FhOac + + +*I have barely spoken to more ignorant and careless people than Josh Finer(Owner of LBRY) and Tom Z(Some guy working there), except for 3-4 others in the LBRY team that seem to be just the same if not worse. +The Commerce Department announced Friday morning that it would ban U.S. business transactions with Chinese-owned social apps WeChat and TikTok on Sunday. + +The announcement comes ahead of an expected statement Friday by President Donald Trump on whether or not the government will approve a deal for Oracle to take a minority stake in TikTok and become a ā€œtrusted technology partnerā€ for the company in the U.S. + +Itā€™s unclear if the Commerce Departmentā€™s announcement means thereā€™s no possibility of a deal going through before the Sunday deadline, and it could be an aggressive move from the Trump Administration to push for its original intention for TikTok to be fully owned by a U.S. company. + +ā€œAt the Presidentā€™s direction, we have taken significant action to combat Chinaā€™s malicious collection of American citizensā€™ personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of U.S. laws and regulations.ā€ Commerce Secretary Wilbur Ross said in a statement Friday. + +Fridayā€™s announcement from the Commerce Department is an enforcement of Trumpā€™s original executive order from August 6 that gave TikTok 45 days to sell its U.S. business to a U.S. company or face a ban in the U.S. WeChat, which is one of the most popular social messaging apps in the world, is owned by the Chinese company Tencent. TikTokā€™s parent company is the Chinese company ByteDance. Trumpā€™s executive order cited national security concerns over the Chinese governmentā€™s access to user data in those apps to justify the potential ban. + +The Commerce Departmentā€™s statement on Friday said that starting Sept. 20, U.S. companies would be banned from distributing WeChat and TikTok, meaning the two major mobile app stores run by Apple and Google would have to remove the apps from their libraries. The statement also blocks U.S. companies from providing services through WeChat ā€œfor the purpose of transferring funds or processing payments within the U.S.ā€ + +WeChat is a popular marketing and sales tool for U.S. companies primarily in China, but around the world as well. With U.S. social apps like Facebook and Instagram banned in China, WeChat is the primary app people use for social networking and e-commerce. Itā€™s also a popular app used by people in the U.S. to communicate with people in China, since U.S. apps are banned in China. + +The Commerce Departmentā€™s announcement also lays out a separate time frame specific to TikTok, which take affect on Nov. 12. The rules that start Nov. 12 include provisions that block U.S. companies from providing internet hosting and services for TikTok. This could be directed at the deal being negotiated between TikTok and Oracle, which would provide cloud services for TikTok if Trump approves, and could give TikTok and Oracle more time to hammer out a deal that Trump will approve. + +Representatives for Tencent, TikTok, WeChat, Apple and Google were not immediately available to comment. + +https://www.cnbc.com/2020/09/18/trump-to-block-us-downloads-of-tiktok-wechat-on-sunday-officials-tell-reuters.html +This is a general ask, and I wonā€™t go into nuanced details, but does anyone regret over purchasing a house? + +Iā€™m looking at a nice town which for the price would get me significantly less house than neighboring towns. With that said, it has a culture and night life which is incomparable. Iā€™m not FATFIRE, but make good money and have a lot saved. Instead of holding onto cash, Iā€™m thinking of buying into a nicer neighborhood and lifestyle. + +Has anyone done something similar and wish they had saved the money for either travel, amenities, or simply having more cash? +I just put a few thousand dollars into a Vanguard account and I'm having trouble figuring out specifically what to invest in. I initially wanted to invest into an S & P 500 index fund but quickly realised how many there were along with ETFs as well. So I decided that ultimately I don't really know what I am doing and took a look at their retirement packages put together for people like me. + +The one their website suggested after a brief questionnaire was the "Vanguard Target Retirement 2055 Fund (VFFVX)". It has an expense ratio of 0.15% compared to the 0.04% on the S & P 500 ETF that I was looking at. This is more expensive but I have a feeling that the expense may be worth it due to the seemingly thorough management of the Vanguard fund. Would I be correct in this assumption assuming my experience in investing? I really just want something that I can dump money into that I can watch grow until I retire. Are there better options with just as little hasstle? + +Edit: Forgot to mention that this is all being invested through a Roth IRA if that makes any difference. From the advice here though I think I'll do just a little more research and go with a Vanguard retirement fund and maybe further down the line diversify a little more into that S & P 500. We'll see though. Thank you all for the advice so far. :) +Hi everyone, + +####**Edit: I've now put up more info and details on my website here: [compiledsanity.github.io](https://compiledsanity.github.io)** + +Yesterday I posted a Networth tracker that really took off. Didn't expect that! At the time it was Australian based, so I've just converted it over to be UK based for you all. Apologies for the second repost, I thought I'd post again so people wouldn't miss it. Enjoy! + +**[Link to updated UK Version here.](https://docs.google.com/spreadsheets/d/1v9ENzdoSIVlfAA2SFVFz6KKVAAu5Knv8klde7bN2Qqo/edit?usp=sharing)** + +----- +Hey everyone, + +I'm a big believer in community resources and a massive Google Sheets fan, so after a year of work and using it on my own finances I'm releasing my automated Google Sheet to track your entire Networth and Financial situation live and month to month. + +I religiously devour Personal Finance content from all manner of places, and I tried to build all the lessons and rules I've learned into the sheet. I've been using it for around a year now and posted it in a few smaller finance subs where it's been well received by a number of people. + +**Some of the features of the Sheet:** + +- Captures all parts of your financial position (Cash, Stocks, ETFā€™s, Dividends, Super etc.) + +- Live ETF/Dividend/Crypto prices for live insight into your portfolio + +- The cool stuff: Automatically optimizes when & what ETFā€™s to buy + +- Automatically copies your entire financial position when you save your monthly progress. This is great for watching your Networth grow giving you a sense of progression month-to-month. + +- Tracks and gives you feedback on your Savings habits and monthly spend. + +- Cash Savings Targets, I've also added in a House Deposit tracker. + +- Automatic budget that feeds into your ETF purchases & automates your monthly bank transfers. + +- Keeps track of all returns from Stocks/Dividends helping you see whatā€™s working + +- Investment return breakdowns per-parcel and on a holistic level. + +- And a whole bunch of other features, give the sheet a look to see. + +Essentially this sheet only requires you to update a few values each month and will automatically keep track of the rest through a variety of formulas and scripts that run behind the scenes. Feel free to edit them yourself in Tools -> Script Editor. Iā€™ve used this sheet myself for quite a while and it's great to see how I'm saving. As I earn in AUD the Sheet is in AUD, so feel free to find/replace $ for Ā£. + +**[Link to the Sheet here](https://docs.google.com/spreadsheets/d/1v9ENzdoSIVlfAA2SFVFz6KKVAAu5Knv8klde7bN2Qqo/edit?usp=sharing)** + +If you have any feedback please let me know! I'd love to make it better for people. +I expect this to be controversial, and I expect to get downvoted, but that's okay. This is a throwaway because I don't want to talk about my BTC holdings on a traceable account. + +I hold a few BTC. Less than 50, more than 10. I bought most of them in 2014. I've spent a few here and there, but have been DCAing pretty much constantly over the last few years, although because the price has gone up so much, I've probably added less than 1 BTC to my total in the last 3 years. + +All my coins are on a hardware wallet. I used to use paper, but got paranoid about losing it. I like hardware wallets, they're the best of a bad situation. + +And by "bad situation" I mean that *I don't want* to be my own bank. About 80% of my total net worth is tied up in BTC, and I can tell you, it's quite stressful to be responsible for that much value in one place. My remaining net worth is mostly tied up in my house, and in various stocks and shares, and I'm much more relaxed about that. + +Owning BTC is constantly in the back of my mind, and I don't mean the worry of the value going down. I'm sure the value will continue to rise, and even if it doesnā€™t, I'm totally at peace with that. The thing which is always in the back of my mind is knowing that, if somehow I lose my balance, I'll have no comeback. I want it to be in a bank where I get cover. I don't stress about losing my stocks and shares because the brokers I use are covered, and because, well, it's their \*job\* to look after my money. I'm just a regular Joe, I don't want to be my own bank. Oh, and I know the stats about how secure hardware wallets are etc. so I'm not looking for reassurance about that, it's simply that looking after it is stressful, regardless of how secure it is. Not to mention the additional worry about what happens if I die. If it was in a bank my next of kin would just take over ownership. As it is, I have to do something to make sure that if I die unexpectedly my next of kin are able to access my crypos. + +I like that I can my own bank (for smaller, say < $10k value amounts), but if BoA came out with an account tomorrow which I could transfer my BTC to, I would. And you know what, I'd sleep better too. + +(I know this is a bit of a /r/AmItheAsshole post! - I understand this is a good problem to have). +Just a reminder that for every story about someone losing their coins there are many more that didn't. You just never hear about it. Don't put all your eggs in one basket. Prepare for the worst. Take security seriously and have fun! +Itā€™s down over 10% in the past month, and down 2.77% in the past 365 daysā€¦ I know it had a huge run up boosted by Covid when everything was locked down, but still. + +Iā€™ve been solely investing in Amazon the past couple weeks. I think itā€™s a no brainer and a great time to get in. The infrastructure theyā€™re building right now will lock them in as a dominant leader for decades. Theyā€™re not going anywhere. + +And working in tech sales I see or hear every day companies utilizing AWS or making the move to it. The US government tends to utilize it in contracts which is huge. + +What are your thoughts? +What should I do with it? I'm 20 have no debt and live at home and investing in this environment seems bad. + +I want to buy a house in 4 years, what are ways to achieve this? + + +Thank you for your help :) +Okay, I know itā€™s hard to have an actual realistic debate about the future price of BTC. But based off previous cycles, and economics, what do you think the highest price BTC will achieve is? + +I know a lot of Mooney predictions like 500k by 2023, over a mil by 2025 get tossed about. Logically, I think thatā€™s some hardcore hopium. But I would have said that 10 years ago, if youā€™d told me the ATH would be over 60k. + +Is there a price that BTC is limited to? Or does the built in scarcity of it insure ever increasing prices? What would one BTC at over 1 mil do to worldwide economics? +I am not going to deep-dive my DD on this company again (that has all been done on the Discord, if not here already). + + +However the *surely by now ASX and ASIC-investigated CROWD1\Miggster Launch dance choreography* is a simply A*mazing piece of entertainment in its own right, but the remainder set of segments is like Eurovision for scammers. + +Good luck to all bagholders, DYODD, etc. + + +https://www.youtube.com/watch?v=cbx-4tsvO7A&t=3288s + + +Disregarding the ten-minute speech and completely-trustworthy facial movements of the EM1 CEO, and the animated fox or the *"How to complete the form that will assist EM1's stock price when completed"* section of the video, there's a five minute gaming-themed dance number. + +https://youtu.be/cbx-4tsvO7A?t=3765 + +**A+++++ content, Fast shipping, Best Trading-Halt-Sustaining ASIC-investigated Dance Choreography Troupe of 2020**. + + +PS: If you want to see just how terribly MLM partner-financing works and what CROWD1 is like as a "marketing business" partner, simply wind the video back 10minutes - if you want to see just how nil-content an affair these sorts of things can be, try explaining *what the guy who comes on after the dance number is actually selling*. +**SUMMARY** + +Segregrated Witness (SegWit) was activated on the Bitcoin network August 24, 2017 as a soft fork that is backward compatible with previous bitcoin transactions ([Understanding Segregated Witness](https://thewalletgenius.com/understanding-segwit-segregated-witness/)). Since that time wallets and exchanges have been slow to deploy SegWit, some admitting in December 2017 that they have not even started work. If users demand SegWit now it will temporarily releive the transaction backlog while bigger solutions like Lightning are developed. + + +_________________________________________ + + +**TODAY's NEWS/DEVELOPMENTS/VICTORIES** + +- [Conomi promises SegWit "in a few days"](https://www.reddit.com/r/Bitcoin/comments/7mhe33/coinomi_we_are_releasing_segwit_in_a_few_days/) +- [Bitpanda implements Segwit!](https://www.reddit.com/r/Bitcoin/comments/7m2sh9/bitpanda_update_segwit_implementation_bitpanda/) +- [Pirate Bay provides a bech32 SegWit address](https://www.reddit.com/r/Bitcoin/comments/7m26vv/the_pirate_bay_gets_it/) Which one of you emailed them to request this ;) +- [Spreading the message to Twitter: Daily Reminder: switch to segwit wallets and exchanges immediately](https://www.reddit.com/r/Bitcoin/comments/7m0y9h/daily_reminder_switch_to_segwit_wallets_and/) +- [Segwit adoption increasing! Please help to raise awareness!](https://www.reddit.com/r/Bitcoin/comments/7m1vah/segwit_adoption_increasing_please_help_to_raise/) +- [Spread the word and help the SegWit adoption. Also have fun;)](https://www.reddit.com/r/Bitcoin/comments/7m37dl/spread_the_word_and_help_the_segwit_adoption_also/) + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $40USD per Tx (down from $55) +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 173K Unconfirmed Tx's (down from 274K) +- [SegWit Charts](http://segwit.party/charts/) - 10% SegWit Tx's + +__________________________ + + +**BACKGROUND** + +Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make 80%+ SegWit happen fast. You can help by taking one or more of the action steps below. + +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin. +4. Spread the word! Conact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch + +IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange. + +__________________________ + +**SELECTED TOP EXCHANGES BY SEGWIT & BATCHING STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | *NOT READY* | **Yes** | +| Bitfinex | Ready | ? | +| Bitonic | Ready | ~~?~~ **Yes** | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | Ready | **Yes** | +| LocalBitcoins | Ready | ? | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +[Source 1](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) +___________________ + +**SELECTED WALLETS THAT HAVE SEGWIT ALREADY** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | + + + +______________________ + +**FAQs** + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + + [Source](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + + + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) +- [Day 3: ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) +- [Day 4: Unconfirmed TX's @ 174K](https://www.reddit.com/r/Bitcoin/comments/7m6zd0/day_4_i_will_repost_this_guide_daily_until/) + +Edit: Bitonic batching status updated to 'Yes' +Category 1. 8 companies report earnings 2022-06-27 -> 2022-06-30 ($434b, 1.2%) + +Category 2. 229 companies report earnings 2022-07-12 -> 2022-07-29 ($21.6t, 61.8%) + +Category 3. 245 companies report earnings 2022-08-01 -> 2022-08-30 ($11.5t, 32.9%) + +Category 4. 19 companies report earnings 2022-09-01 -> 2022-09-29 ($1.3t, 3.92%) + +Total market cap is about $34.9t as of Friday close. +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. +Just to be clear I'm presenting a doomsday scenario here and am not expecting my lovely wife to fail. + +Some context: wife owns a cafĆ©, it has done great trade for 30 years (since long before she owned the business). Some uncertainty now, at least in my mind, due to inflation and energy costs. She is, I believe, VAT registered, but the business is not a limited company so I think that means she's operating as a sole trader. + +From my perspective, I've got a full time job, no kids, our car is cack. Therefore, in my view we have absolutely nothing to lose but the house if her business were to implode. We have a joint mortgage and have probably 60-80k of equity in the house. I make all mortgage payments, always have done. + +So yeah, I'd just like to know if the house would be up for grabs if she ended up in crippling debts relating to her business. + +Thanks! + +Edit: Thanks for replies, just to clarify, some people here are offering advice as though we're already sinking. The business currently has 0 debts and is profitable, it's just something I've always had at the back of my mind. I will encourage wife to set up a limited company. +They say you can't take it with you when you die, but they're actually wrong thanks to the novel invention of Bitcoin. Simply memorize your seed phrase and recover your wallet when you get to heaven. There's literally no reason this shouldn't work, prove me wrong. +Hello, I (m22) recently graduated college and secured an entry level job. Last year after taxes my income was about $19,000. With this new job my base salary will be $65,000 with bonuses/commission of $25,000. My expenses (food, utilities, gas, insurance, phone bill) come out to right under $1,000. Leaving me with $4,000ish a month (without bonuses) after taxes. + +I currently have $3,000 in an emergency fund and $1,500 invested on Robinhood. I also have no debt at all and rent the house Iā€™m living in. + +I am a little overwhelmed with the amount of money I will be making, and I have no idea how to invest and save properly. I would appreciate any advice from you all in how to set myself up to be forever financially stable. + +Thanks everyone! +Guten Tag to all of you Great Apes around the world! šŸ‘‹šŸ¦ + +Well Apes, it did not take long for the Short Hedge Funds to once again try to force the price down. This time, it was easily seen just by looking at the number of shares available to borrow - it appears that the $2 dip required them to short half of the total daily volume. Can you believe that? When half the share volume are shorted, the stock only dropped $2. It just goes to show how tough of a spot they are in, and of course, there is no better time to be an Ape and HODL. All we have to do is wait, and the longer they kick the can down the road, the more shares that Apes will own when the MOASS comes. What a great day that will be! + +Today is Wednesday, August 11th, and of course you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$159.70 / 135,78 ā‚¬** *(volume: 1262)* +- ā¬œ 115 minutes in: $159.45 / 135,56 ā‚¬ *(volume: 1237)* +- šŸŸ„ 110 minutes in: $159.45 / 135,56 ā‚¬ *(volume: 1220)* +- šŸŸ„ 105 minutes in: $161.99 / 137,72 ā‚¬ *(volume: 1107)* +- šŸŸ© 100 minutes in: $162.08 / 137,80 ā‚¬ *(volume: 1014)* +- šŸŸ© 95 minutes in: $161.74 / 137,51 ā‚¬ *(volume: 1005)* +- šŸŸ© 90 minutes in: $161.42 / 137,24 ā‚¬ *(volume: 1000)* +- šŸŸ„ 85 minutes in: $161.01 / 136,89 ā‚¬ *(volume: 898)* +- ā¬œ 80 minutes in: $161.23 / 137,08 ā‚¬ *(volume: 855)* +- ā¬œ 75 minutes in: $161.23 / 137,08 ā‚¬ *(volume: 854)* +- šŸŸ„ 70 minutes in: $161.23 / 137,08 ā‚¬ *(volume: 797)* +- šŸŸ© 65 minutes in: $161.35 / 137,18 ā‚¬ *(volume: 775)* +- šŸŸ© 60 minutes in: $159.26 / 135,40 ā‚¬ *(volume: 743)* +- ā¬œ 55 minutes in: $159.23 / 135,38 ā‚¬ *(volume: 743)* +- šŸŸ© 50 minutes in: $159.23 / 135,38 ā‚¬ *(volume: 730)* +- šŸŸ„ 45 minutes in: $159.20 / 135,35 ā‚¬ *(volume: 718)* +- šŸŸ© 40 minutes in: $159.23 / 135,38 ā‚¬ *(volume: 665)* +- šŸŸ„ 35 minutes in: $159.05 / 135,22 ā‚¬ *(volume: 565)* +- šŸŸ© 30 minutes in: $159.10 / 135,26 ā‚¬ *(volume: 565)* +- šŸŸ„ 25 minutes in: $159.05 / 135,22 ā‚¬ *(volume: 556)* +- šŸŸ© 20 minutes in: $159.07 / 135,24 ā‚¬ *(volume: 506)* +- šŸŸ„ 15 minutes in: $159.02 / 135,20 ā‚¬ *(volume: 492)* +- šŸŸ„ 10 minutes in: $159.05 / 135,22 ā‚¬ *(volume: 375)* +- šŸŸ© 5 minutes in: $159.64 / 135,73 ā‚¬ *(volume: 275)* +- šŸŸ© 0 minutes in: $159.08 / 135,25 ā‚¬ *(volume: 185)* +- šŸŸ„ US close price: $159.05 / 135,22 ā‚¬ *($159.00 / 135,18 ā‚¬ 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 1.17620075. 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) + +DiamantenhƤnde 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! +**Japanā€™s Liquidity Trap** + + +This working paper was selected from the top of SSRN's 2016 published articles. + +This paper takes a look at Japanā€™s liquidity trap in the context of Japan's structural and macroeconnomic outcomes over the past few decades. + +* [**HERE**](http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2753107) is the link to the the article's SSRN abstract page. + +*** + +Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This paper examines Japanā€™s liquidity trap in light of the structure and performance of the countryā€™s economy since the onset of stagnation. It also analyzes the countryā€™s liquidity trap in terms of the different strands in the theoretical literature. It is argued that insights from a Keynesian perspective are still quite relevant. + +The Keynesian perspective is useful not just for understanding Japanā€™s liquidity trap but also for formulating and implementing policies that can overcome the liquidity trap and foster renewed economic growth and prosperity. Paul Krugman (1998a, b) and Ben Bernanke (2000; 2002) identify low inflation and deflation risks as the cause of a liquidity trap. Hence, they advocate a credible commitment by the central bank to sustained monetary easing as the key to reigniting inflation, creating an exit from a liquidity trap through low interest rates and quantitative easing. In contrast, for John Maynard Keynes (2007 [1936]) the possibility of a liquidity trap arises from a sharp rise in investorsā€™ liquidity preference and the fear of capital losses due to uncertainty about the direction of interest rates. His analysis calls for an integrated strategy for overcoming a liquidity trap. + +This strategy consists of vigorous fiscal policy and employment creation to induce a higher expected marginal efficiency of capital, while the central bank stabilizes the yield curve and reduces interest rate volatility to mitigate investorsā€™ expectations of capital loss. In light of Japanā€™s experience, Keynesā€™s analysis and proposal for generating effective demand might well be a more appropriate remedy for the countryā€™s liquidity trap. + + +[Good afternoon r\/Superstonk, Jellyfish here with single-family home housing data to review. ](https://i.redd.it/12wmmman2md71.gif) + +[https:\/\/www.census.gov\/construction\/nrs\/pdf\/newressales.pdf](https://preview.redd.it/aq8j2hyxwld71.png?width=957&format=png&auto=webp&s=f03b21f68313d858f79b88583585ce6538c314c7) + +Sales of new single-family houses in June fell by 6.6% from May, and by 32% from the peak in January, to a seasonally adjusted annual rate of 676,000 houses, the lowest June since 2018, according to the [Census Bureau](https://www.census.gov/construction/nrs/index.html) today. This has brought new house sales back to pre-pandemic levels. + +https://preview.redd.it/gi2wkzyaxld71.png?width=1460&format=png&auto=webp&s=3ef499f0187c2902c9942cf0ca990616202fe1a4 + +[ Supply jumped to 6.3 months at the current rate of sales, as unsold speculative inventory for sale jumped to 353,000 houses \(seasonally adjusted\), the most since December 2008 ](https://preview.redd.it/xodlq1isxld71.png?width=1779&format=png&auto=webp&s=c833fcf097975dcb7bb9db325eb3a47e7993ffeb) + +https://preview.redd.it/oaimxynvxld71.png?width=2932&format=png&auto=webp&s=6625571491515a82abc7f1d8664c43e925799da8 + +[The median price dropped by 5.0&#37; in June from May's $380,700 to $361,000, \(lowest since March\). In April, the median price was up 22&#37; year-over-year; in May it was still up 20&#37;; in June, it was up 6.1&#37; year-over-year](https://preview.redd.it/8qass6a4yld71.png?width=1401&format=png&auto=webp&s=1d696b1cbff68fbe9431ef0dae971909593619bb) + +[Is the market starting to run out of steam? ](https://preview.redd.it/8t4t5inoyld71.png?width=2920&format=png&auto=webp&s=908e3783fb060db1dd6435cee6fc4da0e7ce5463) + +# So what is happening? + +Almost nothing was sold in the under $200,000 price category (2% of sales in June). The under $300,000 price category accounted for only 29% of total new house sales (down from 39% June of last year). + +https://preview.redd.it/d1c0b2sf0md71.png?width=948&format=png&auto=webp&s=315d613fe988975fe53c47b5d7ba95306718fbab + +Thatā€™s where all the buying had been occurring when everything was going gangbusters, but anyone looking for a new house under $300,000 is now priced out. + +On the high end though, people with money are loving the Fed going brrr! + +[Houses with a price of over $500,000 accounted for 28&#37; of total sales in June, up from a share of 23&#37; in May, 15&#37; in June 2020, and 14&#37; in June 2019. ](https://i.redd.it/q040usp50md71.gif) + +At the high end, big money is spending on new houses. If you can't spend more than 300k on a house? Enjoying renting for more than what a mortgage is. + +[ u\/Alldayshorts420 ](https://preview.redd.it/6pn6saa81md71.png?width=802&format=png&auto=webp&s=9dea7e97e0ec63448c05ef2fec09b223b0e518ed) + +# This is what this new Fed-directed money-printing economy has turned into, inflated asset prices that has priced people out of homeownership! + +I just wonder how long the high-end demand can prop up the housing market? Especially since it was the 'little guy' carrying the burden last year--numbers show they are now priced out. + +# Prices are all still jumping though! + +The [Construction Cost Index](https://www.census.gov/construction/nrs/index.html) by the Commerce Department was also released today. It tracks construction-related costs of single-family houses under construction but excludes the cost of land and other non-construction costs. + +In June the index rose by 0.7% from May. Over the past six months annualized, the index spiked by 13.8%. Year-over-year, the index spiked by 11.1%, the biggest year-over-year jump since May 1980! + +[https:\/\/www.census.gov\/construction\/nrs\/pdf\/price\_uc.pdf](https://preview.redd.it/6657nbn22md71.png?width=995&format=png&auto=webp&s=4ca8407ec1a44100cc187baab7035975ed702fae) + +# All of this happening in the backdrop of the Fed still plowing away with [$120 billion in assets purchases each month](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656): + +$40 billion a month in mortgage-backed securities. This will continue to depress mortgage rates and **only continues to add gasoline to the inflation fire**. + +$80 billion in Treasury securities a month (with policy rates near 0%): represses short-term and long-term interest rates in general, and inflates asset prices and consumer prices, which **further DESTROYS the purchasing power of the dollar**. + +TL:DR The Dollar losing purchasing power + Inflation = Permanent Loss of purchasing power. + +Unless one of the many other catalysts triggers the MOASS, [I believe inflation is the match that has been lit that will light the fuse of the rocket](https://www.reddit.com/r/Superstonk/comments/oe6i3l/tldr_i_believe_inflation_is_the_match_that_has/). + +**Buckle Up.** + +[ Thanks for dropping by and taking a dive, have a GREAT rest of your Monday! Please let me know if you have any questions or ideas on other areas to explore, happy to try and help! ](https://i.redd.it/w12tboyi2md71.gif) +FullSendCrypto (FULLSEND) Brand new DeFi Token focusing on TWO Core Functions! + +So you know, AUDIT HAS BEEN COMPLETED + +āœ… Website is published + +āœ… Whitepaper available for those to view and see the plan + +āœ…The team is doxxed/publicly known + +āœ… Audit is done + +&#x200B; + +FullSendCrypto Is a DeFi Protocol centered on two key areas within the project; + +The Full Send Trading App will consist of our Open Source Decentralized Trading Platform, whereby trading algorithm developers can publish their trading bots on the platform and users can purchase access to unlock the Trading Bot of their choice, in the asset class or market of their preference. + +&#x200B; + +Profits will be split between the Trading Bot Developer who published, and the Liquidity Pool for the Full Send Token. + +&#x200B; + +Other major implementations: + +\- Learning platform for crypto-noobs + +\- NFT shop + +Another function they are working on is trying to partner with the real life NelkBoys, FullSend legit! + +\- Incorporating FullSend store onto the App + +\- Utilizing FullSendCrypto to make purchases on FullSend merch, app, website, etcā€¦ + +&#x200B; + +FROM THEIR WHITE PAPER + +&#x200B; + +The tokenomics currently; + +TOTAL SUPPLY 1 000 000 000 000 000 + +FOR FUTURE BURNS 50 000 000 000 000 + +PRESALE ALLOCATION 604 651 162 790 698 + +1) RETURN TO HOLDERS: 5% is distributed to every wallet that holds Full Send on a percentage basis. WHY? This means the more Full Send tokens you hold the more you will receive! In theory, you are earning money just by holding. + +2) STABILIZER: 5% of each transaction automatically adds it to the liquidity pool. WHY? The liquidity pool will continuously increase, which leads to a higher price floor of Full Send. 5% liquidity helps stabilize the price. Therefore, if a big holder wanted to sell, it would not affect price as much as if there was no liquidity there. + +3) BURNS: 1% of each transaction travels to Asgard, a black hole - and are permanently removed from our circulation. Asgard is an inaccessible wallet that no one can enter. WHY? With fewer outstanding shares, the ratio of net income to shares becomes higher. + +4) POSSIBILITY OF ADJUSTING TOKENOMICS: we hope in the future, with a collaboration with NelkBoys, we can provide Practical Utility by adjusting the Tokenomics of FullSendCrypto, to incorporate a redistribution fee towards a NelkBoys Foundation Charity Wallet. With this presented to them, with substantial funds, we believe a real partnership would be possible, and allow us to help their brand, and help our community and investors alike! + + +Website: [www.fullsendcrypto.net](https://www.fullsendcrypto.net) + + +[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. + +[šŸ“š Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [šŸ“š Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [šŸ“ˆ Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [šŸ¤” Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [šŸ’» Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [šŸ’” Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [šŸ“° News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [šŸ¤” Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [šŸ‘½ Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[šŸ“³Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [ā˜ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +This is a series I am writing up about why I believe ALL short selling, not just naked short selling, should be banned. +&nbsp; + +[Part 1](https://www.reddit.com/r/Superstonk/comments/oeicfd/why_short_selling_is_bullshit_part_1/): Short sellers target financially vulnerable companies, NOT fraudulent companies +&nbsp; + +[Part 2](https://www.reddit.com/r/Superstonk/comments/oew4hl/why_capital_intensive_technology_companies_are/?) [Part 2.5](https://www.reddit.com/r/Superstonk/comments/oew76n/why_capital_intensive_technology_companies_are/?): Why capital intensive technology companies are prime targets of shorting +&nbsp; + +[Part 3](https://www.reddit.com/r/Superstonk/comments/of8o42/shitadel_and_friends_are_shorting_innovative_ev/): Shitadel and Friends are Shorting Innovative EV Companies for Liquidity to Fight GME +&nbsp; + +Part 4: How Superstonk is putting a stop to the game (see what I did there?) + +&nbsp; +&nbsp; + +The title a little Clickbaity? Yes. But by the time you finish this post, I think youā€™ll agree that the evidence, timing, and MO lines up with my statement. + +&nbsp; +&nbsp; + +If youā€™ve read my previous posts, youā€™re now able to empathize a bit with a C-suite company exec who is under heavy short attack. You can imagine how painful, how isolating it must feel, to see the news slander your name, to see everything you built up be destroyed. I think its wrong. I hope you agree with me. Now, letā€™s see this happening in real time. + +&nbsp; +&nbsp; + +Now, before I start. Thereā€™s only one thing you can do to save this company at one point. Buy GME. Why? Simple, the same people shorting this company are also shorting GME. I believe that this company was shorted to raise funds to fight GME, as the short and distort began in early/mid February of this year, and appears to be led by Shitadel and friends (More on this later) + +&nbsp; +&nbsp; + +Okayā€¦.drumrollā€¦ā€¦Lordstown Motors (Ticker: RIDE) is the company under short and distort. AGAIN, DO NOT FUCKING BUY THIS COMPANY. IF YOU WANT TO SAVE IT, BUY GME AND MARGIN CALL THE FUCKERS SHORTING RIDE. + +&nbsp; +&nbsp; + +Letā€™s go over their game, and how its progressing. You all already know the playbook, our superstonk apes have laid out the DD as clear as day. Short and distort and FUD, into an SEC investigation, news reports of impending failure, C-suite fired and replaced by business financier types. What can we expect to be next? Bust out, taking on debt, followed by a leveraged buyout, or some other form of insolvency/liquidation. + +&nbsp; +&nbsp; + +Letā€™s dive into the anatomy of a short attack. Letā€™s look at the 6 month price chart of RIDE. On Feb 11 of this year, RIDE hit a high of 30.75, nearly 3 times the IPO price, before crashing down in a straight line. Most likely, the shorting began before the short and distort came out, so that short sellers could sell their shares for as much money as possible and expanding the float with fake shares, before convincing retailers to paperhand their shares at a loss. + +&nbsp; +&nbsp; + +On March 12, one month after its high of 30$, RIDE ends the day at around 15$, with a short report from ā€œHindenburg Researchā€ claiming that RIDE does not have a product, their R&D is fake, and that there is no demand for their product. Short and distort anyone? Does this feel like Andrew Left of Citron Research? Iā€™ll link Hindenburgā€™s report here: https://hindenburgresearch.com/lordstown/. + +&nbsp; +&nbsp; + +Hindenburgs report in a nutshell: Orders for RIDEā€™s EVs are fake, RIDE does not have an EV that works, the CEO was kicked out of his previous company, there is rampant insider selling, and that RIDE is lying to its investors. The whole company is smoke and mirrors. Now, Iā€™m gonna take some time to debunk the FUD, but if youā€™ve bought GME, you should already know better than to trust a short seller report. + +&nbsp; +&nbsp; + +First and foremost: Letā€™s debunk Hindenburgs complete character assassination of itā€™s CEO, Steve Burns. I hate it when people drag otherā€™s names through the mud, especially without merit. So, let me debunk the idea that the CEO was a bumbling idiot, while simultaneously a sleazy con artist snake trying to steal investorā€™s money. Seriously, FUCK SHORT SELLERS. + +&nbsp; +&nbsp; + +Okay, letā€™s start here: +>**Lordstown Founder & CEO Steve Burns Was Described To Us By Former Senior Employees as a ā€œCon Manā€ and a ā€œPT Barnumā€ Figure**. + +&nbsp; + +Holy shit, Steve Burns is a con artist? Which of his employees said that? A ā€œsenior anonymous employeeā€, which as you might guess, was not named. + +&nbsp; +&nbsp; + +>**Burns Was Pushed Out of Workhorse By The Board Due to His Inability To Focus And Execute Projects, According to Former Employees.** + +&nbsp; + +Burns left Workhorse to start a new fucking EV company. He cofounded the former goddamn company in 1998. A company in existence for almost 25 years. They just happened to boot him just as he was getting investment from GM and a massive automotive manufacturing plant in Ohio? Oookaaayā€¦. By the way, who said this? More anonymous ā€œformer employeesā€. Yea, Iā€™ll bet. + +&nbsp; +&nbsp; + +>**Burns Launched Lordstown 4 Months Later With Little More Than Meaningless Pre-Orders (More on this Later) and Designs.** + +&nbsp; + +Burns licenses the EV truck designs at the company he cofounds, Workhorse, to begin his own EV company. However, ā€œformer senior technology employeeā€ says he took zero intellectual property? Sure, letā€™s just sell 10% of our company to our former company for no reason. Oh yea, and said former company supposedly shitcanned the CEO and cofounder in a hostile firing? Yes. Letā€™s just have a friendly licensing deal for non-existent technology. Seriously. Who the hell believes this garbage? Also, how is it that everyone seems to be trashing this guy anonymously? Couldnā€™t find a single person to say a bad thing about this guy publicly? + +&nbsp; +&nbsp; + +The next part says that Burns was lying to investors by faking demand. This one might have some truth, so letā€™s just give Hindenburg the benefit of the doubt. Burns and Lordstown lied to investors by faking interest and demand for his EV pickup truck. Letā€™s be serious guys. Which one of you out there thinks that a functioning pickup truck EV is a dumb business strategy because there would be no demand? Shit, Ford certainly thinks so, itā€™s not like theyā€™re developing an electric version of their bestselling Ford F-150 right? Oh wait. FUD OFF. + +&nbsp; +&nbsp; + +The rest of the report basically says the technology is behind schedule and doesnā€™t work, and that their pickup trucks catch on fire. They go on to say that their prototypes are garbage and are years behind schedule. First off, all R&D ends up behind schedule. You remember Tesla? When was the last time they were on schedule with one of their promises? You invest in the company because you believe they can succeed. Oh yea, one month after Hindenburg publishes their report, a Lordstown Motors sends one of their EV prototype trucks to compete in the san felipe race. Would you be surprised if I told you it didnā€™t catch fire? https://www.youtube.com/watch?v=S01DGKA0mDg, https://www.youtube.com/watch?v=xDoJrtG3Kgs + +&nbsp; +&nbsp; + +Hereā€™s our sleazy ā€œPT Barnumā€ ā€œCon Manā€ of a CEO here telling his investors how the truck fared in the race: https://www.youtube.com/watch?v=xBv299eGRxM Jesus, what a fucking con-man right? Really? This is the guy whoā€™s a ā€œPT Barnumā€ figure and a ā€œCon Manā€? The poor bastard spent the entire video apologizing for not finishing the race, and couldnā€™t even get through his prerecorded scripted speech without an ā€œuh, umm..ā€ + +&nbsp; +&nbsp; + +If you google Lordstown Motors with CNBC, youā€™ll see the same garbage that CNBC says about GME. Early last month, Lordstown Motors filed a ā€œgoing concernā€ with the SEC, because they might not have the liquidity to survive for 12 months. Yea, thatā€™s what happens with inflation of car parts in an automotive startup that has no revenue. Ifā€¦only they could find a way to raise moneyā€¦maybeā€¦print some shares and sell them ATM, like the stock market is supposed to function for raising money? Too bad their shares have tanked almost 70% from shortingā€¦ + +&nbsp; +&nbsp; + +Now, why shouldnā€™t you buy RIDE? Itā€™s too late, the board booted Steve Burns, whoā€™s been working in the automotive space since 1998, and working on EVs since 2015, and replaced him and the C-suite with some business and finance folks just last month: https://www.nytimes.com/2021/06/14/business/lordstown-motors-steve-burns-julio-rodriguez.html. Is this a bust out? Time will tell, but I wouldnā€™t put a dime into that company until I know the new C-suite is committed to the company, and not Shitadel and friends. Besides, if you wanna save Lordstown Motors, bust out their short sellers through GME, and force them to buy back their shorts. Lordstown retailers donā€™t have the diamond hands we do, and their OBV shows that shareholders are paperhanding. You wonā€™t make much money on a RIDE short squeeze. + +&nbsp; +&nbsp; + +Okay, so who are the shorts behind Hindenburg research? Lets ask our good friend fintel to see who's shorting RIDE: https://imgur.com/6ZLwgFI.png + +&nbsp; +&nbsp; + +Oh shit, I think I recognize a lot of those names! Where have I seen them before? Oh yea, they're shorting GME: https://imgur.com/IUEKVle.png + +&nbsp; +&nbsp; + +So Shitadel, Susqehanna, Jane Street, Wolverine, Nomura, andā€¦Hindenburg Research? Say it ainā€™t so! The only gentlemen missing from the RIDE party are our friends at Melvin Capital. I guess thatā€™s what happens when your hedge fund gets absorbed by Shitadel by going balls deep in GME shorts. + +&nbsp; +&nbsp; + +Why RIDE? Check out parts 1 and 2 of my series. Short sellers target financially vulnerable companies, not fraudulent companies. They short and distort the company to make it appear as if the financially vulnerable company is fraudulent, to get investors to bail on the company so they can destroy the company more easily. As Elon Musk says, ā€œIt is vice, disguised as virtueā€. + +&nbsp; +&nbsp; + +Why February? Hereā€™s my take. Short selling provides VERY fast liquidity to those who need it. Just borrow a few million shares, and sell em into the market to make millions of dollars immediately. Why did they need that money so badly? Iā€™ll give you three hints: G, M, and E. They fucking needed the ammo to keep GME down and avoid a complete financial meltdown of their firms. Guess what, it wasnā€™t enough: less than two weeks after they started shorting RIDE, GME still ripped the faces off the shorts by going from 40 to 200 in AH. Letā€™s pour one out for Steve Burns. He and his company didnā€™t deserve this, but if it wasnā€™t his company, it would have been someone elseā€™s. His only crime? Not being connected to wall street, and having a financially vulnerable company that was publicly traded. + +&nbsp; +&nbsp; + +Why did I bring this up? I want you all to know how special GME is. The fate of RIDE is the fate of nearly every company that gets picked out and selected for the short game. It is a premeditated, predatory take-down of a cornered and defenseless counterparty. + +&nbsp; +&nbsp; + +Maybe you say ā€œwait a minute, Iā€™m pretty sure Lordstown is still going to fail, and there is some fraud going on with their preordersā€. Okay, sure. Donā€™t invest in them then. Invest in their competitors. Maybe Shitadel is right. Maybe theyā€™re wrong. Thatā€™s the purpose of Fear, Uncertainty, and Doubt. Itā€™s to muddy the waters so you donā€™t know who to believe. What do you do if you own shares of RIDE? Well, might as well sell now, and let things get sorted out before you buy back in, right? Donā€™t want to be the sucker that diamond handed a company into bankruptcyā€¦. right? Thatā€™s all the uncertainty Shitadel and friends need to inject into the retail investorā€™s mind to get them to paperhand. Thatā€™s why it always works. + +&nbsp; +&nbsp; + +You wanna save emerging tech companies? EV companies? Save the planet from climate change? Cure Cancer? You wanna give every company a fair chance? This is it. We have one chance. The infinity squeeze. We gotta make this MOASS as painful as we can, so that real change is made. So that they cant keep doing this shit. They short cancer research. They short EV research. They short anything innovative. Why the fuck not, right? Easy money. + + +&nbsp; +&nbsp; + +And yes, I still believe ALL short selling, naked and otherwise, should be made illegal. Read my previous posts before you tell me that there is virtuous short selling. + +&nbsp; +&nbsp; + +Fuck. I get so angry writing these. In my next and final post, Iā€™ll explain why GME makes me happy. Looking forward to seeing you guys there. +I know the title is kinda lacking, but I will try to explain more in here. I have a couple thousand in my savings and I start working in October. + +I wanna keep some of it for my rainy day fund, but I also want to start growing some of it as well. My hope is to put it into a small collection of ETFs or mutual funds (whichever is better), and then just auto-deposit a small amount of my paychecks towards them. I already budgeted out my Roth IRA and Roth 401k contributions. + +My question is what funds should I look for to support my mindset and process? I have already opened a vanguard account after doing some research but still wanted to come on here and ask this question. Thanks + +*sidenote* I will be working for a big 4 firm, so I will have to worry about restricted entities and all that jazz. That said, it is my understanding that most of the rules wont apply to me for at least a couple of years (promotion). +VTI's [home page](https://investor.vanguard.com/etf/profile/portfolio/vti) says there are 3755 holdings. Viewing [all holdings](https://investor.vanguard.com/etf/profile/portfolio/VTI/portfolio-holdings) shows 3725. + +VXUS's [home page](https://investor.vanguard.com/etf/profile/portfolio/vxus) says there are 7510 holdings. Viewing [all holdings](https://investor.vanguard.com/etf/profile/portfolio/VXUS/portfolio-holdings) shows 7490. + +So VT should have between 11215 and 11265. VT's [home page](https://investor.vanguard.com/etf/profile/portfolio/vt) says there are 9063 in the ETF and 9230 in the benchmark index. Viewing [all holdings](https://investor.vanguard.com/etf/profile/portfolio/VT/portfolio-holdings) shows 9037. + +The numbers are all over the place, but why does VT have more than 2000 fewer holdings than VTI+VXUS? +Hi All + +I recently started investing in ETFs and I have come up with a plan to build all ETF portfolio. I am looking for any suggestions and advice of my selections (allocations) . Thanks + +Basically I got another 20 years of time and I am of buy and hold investor, I can weather the the volatility during this time (like 50% drawdown) . I will be DCA every month. + +&#x200B; + +1. Core ETF : IVV,VTI,VOO,SPLG ---> 25% +2. Large cap high growth : SCHG,VUG,VOOG,VONG,IVW ---> 40% +3. NASDAQ Tech centered : QQQM, VGT, QQQ ---> 15% +4. Innovation, Semiconductor, EV : SOXX, IDRV, DRIV, LIT ---> 12 % +5. Leveraged (S&P 500) : UPRO ---> 8% + +I have allocated max to high growth as I have 20 years to handle volatility , + +Any thoughts, ? + +Thanks + +Sri +Hello everyone, + +&#x200B; + + I'm from Germany, I'm 34, working and have been saving money for some time. I've been dealing with the "Investing", investments "ETF's" etc. for a few months. + +&#x200B; + +I put aside monthly about 900 ā‚¬ and would also want to invest, so I became aware of this forum after I have searched for eingen investment methods with a good return on the basis of the ETF's promise. I aim at 6-7%. Accordingly, after reading here and listening to many opinions, I have built my portfolio as follows. + +&#x200B; + +Vanguard Total Stock Market Index Fund ETF 50% + +Vanguard Total International Stock Index Fund ETF 30% + +ARKK Innovation Fund ETF 20% + +&#x200B; + +what is your opinion ? + +What growth can I expect ? + +&#x200B; + +Thanks +Hey all, Iā€™m new to ETF investing. My wife and I have used mutual funds for a few years with decent returns (even after fees) but I still didnā€™t like the idea of such a large percentage (2.5% annual, plus 5% front load) going to to fees. Weā€™re switching things up and are moving to investing in ETFs. Thereā€™s so many options that I find it overwhelming at times. Does anyone have any advice on how to get going on building and balancing your ETF portfolio? Currently Iā€™m looking at VEQT, and VFV to start. I donā€™t expect anyone to build a portfolio for me, but rather just looking for suggestions on tools and resources you all have found helpful. Thanks in advance! This community seems pretty awesome! +I have been trying to find a world ETF in which to invest. I was curious as to what other people prefer to have in their global ETF. My main two questions are - do you want a fund with emerging markets or do you prefer just developed countries? And, do you prefer all cap or large cap, etc? + +If anyone could give details on how those last two questions will effect returns in the long term, then that would be really appreciated. +We all see what's going on, not just here with GME. We all see the slow climate change ( I work near a ski resort in CO, we haven't had a normal winter in 10 years...) We all see the corruption everywhere now, not just in the stock market but in politics too. We see the burnout around us with our peers. Working twice as hard for half the pay, while rent, housing, groceries, used vehicles, you name it, keeps going up. People don't want to have kids because they honestly don't know what kind of world they'll bring their kid into and I don't blame them. + +But now we have a chance to change EVERYTHING. + +It's like that older, angry dapper looking dude said, "You can't fix shit unless you got a few shekels." + +And you know what? he's totally right. + +I plan on using my money for the greater good. Randomly paying for a nice waiter's college, buying a new vehicle for a family broken down on the side of the highway, Paying off medical debt like John Oliver did, paying to keeping people in their houses. Donating to have trees planted... Hell might as well go and plant them myself. I honestly want to spend the rest of my life making the world a better place, as cheesy as that sounds. Anyway I just smoked and felt all inspired, but I'm speaking from the heart. Mark my words. + +Edit: Thanks for the award(s), you guys rock. + +2nd edit. Downvoting a fluff piece... be gone shills. +Citadel's $65B "Securities Sold But Not Yet Purchase" is based on 31 Dec 2021 stock prices. + +On 31 Dec 2021, GameStop closed at $37.10 + +At current $17.50, it will reflect 50% temporary reduction in liabilities. They are cooking their books. + +But it doesn't matter. We can lock the float faster. Buy and DRS! šŸš€ + +Date: Wed, 22 Jul 2015 10:33:18 -0700 +From: Jeff Garzik <jgarzik@gmail.com> +To: Pieter Wuille <pieter.wuille@gmail.com> +Cc: bitcoin-dev@lists.linuxfoundation.org +Subject: Re: [bitcoin-dev] Bitcoin Core and hard forks +Message-ID: + <CADm_WcbnQQGZoQ92twfUvbzqGwu__xLn+BYOkHPZY_YT1pFrbA@mail.gmail.com> +Content-Type: text/plain; charset="utf-8" + +On Wed, Jul 22, 2015 at 9:52 AM, Pieter Wuille via bitcoin-dev < +bitcoin-dev@lists.linuxfoundation.org> wrote: + +> Some people have called the prospect of limited block space and the +> development of a fee market a change in policy compared to the past. I +> respectfully disagree with that. Bitcoin Core is not running the Bitcoin +> economy, and its developers have no authority to set its rules. Change in +> economics is always happening, and should be expected. Worse, intervening +> in consensus changes would make the ecosystem more dependent on the group +> taking that decision, not less. +> +> +This completely ignores *reality*, what users have experienced for the past +~6 years. + +"Change in economics is always happening" does not begin to approach the +scale of the change. + +For the entirety of bitcoin's history, absent long blocks and traffic +bursts, fee pressure has been largely absent. + +Moving to a new economic policy where fee pressure is consistently present +is radically different from what users, markets, and software have +experienced and *lived.* + +Analysis such as [1][2] and more shows that users will hit a "painful" +"wall" and market disruption will occur - eventually settling to a new +equilibrium after a period of chaos - when blocks are consistently full. + +[1] http://hashingit.com/analysis/34-bitcoin-traffic-bulletin +[2] http://gavinandresen.ninja/why-increasing-the-max-block-size-is-urgent + +First, users & market are forced through this period of chaos by "let a fee +market develop" as the whole market changes to a radically different +economic policy, once the network has never seen before. + +Next, when blocks are consistently full, the past consensus was that block +size limit will be increased eventually. What happens at that point? + +Answer - Users & market are forced through a second period of chaos and +disruption as the fee market is rebooted *again* by changing the block size +limit. + +The average user hears a lot of noise on both sides of the block size +debate, and really has no idea that the new "let a fee market develop" +Bitcoin Core policy is going to *raise fees* on them. + +It is clear that +- "let the fee market develop, Right Now" has not been thought through +- Users are not prepared for a brand new economic policy +- Users are unaware that a brand new economic policy will be foisted upon +them + + + +> So to point out what I consider obvious: if Bitcoin requires central +> control over its rules by a group of developers, it is completely +> uninteresting to me. Consensus changes should be done using consensus, and +> the default in case of controversy is no change. +> + +False. + +All that has to do be done to change bitcoin to a new economic policy - not +seen in the entire 6 year history of bitcoin - is to stonewall work on +block size. + +Closing size increase PRs and failing to participate in planning for a +block size increase accomplishes your stated goal of changing bitcoin to a +new economic policy. + +"no [code] change"... changes bitcoin to a brand new economic policy, +picking economic winners & losers. Some businesses will be priced out of +bitcoin, etc. + +Stonewalling size increase changes is just as much as a Ben Bernanke/FOMC +move as increasing the hard limit by hard fork. + + + +> My personal opinion is that we - as a community - should indeed let a fee +> market develop, and rather sooner than later, and that "kicking the can +> down the road" is an incredibly dangerous precedent: if we are willing to +> go through the risk of a hard fork because of a fear of change of +> economics, then I believe that community is not ready to deal with change +> at all. And some change is inevitable, at any block size. Again, this does +> not mean the block size needs to be fixed forever, but its intent should be +> growing with the evolution of technology, not a panic reaction because a +> fear of change. +> +> But I am not in any position to force this view. I only hope that people +> don't think a fear of economic change is reason to give up consensus. +> + +Actually you are. + +When size increase progress gets frozen out of Bitcoin Core, that just +*increases* the chances that progress must be made through a contentious +hard fork. + +Further, it increases the market disruption users will experience, as +described above. + +Think about the users. Please. +Quite possibly a very stupid question but I thought I would risk asking! + +I am looking at properties around various London areas and am in two minds between renting and buying. + +One constant patten is that the monthly payments are lower if I buy than rent. Typically ~Ā£150 lower. Obviously, these aren't the exact same properties but generally the same spec homes in the same areas. + +I know these aren't the same things. For the mortgage I would have to have paid a 10% deposit, I am responsible for the upkeep, so maybe this is normal. + +I just wondered if London has a rent premium due to the higher flexibility of the workforce and the difficulty for people to actually buy? +I was looking at prices out of idle curiosity and it turns out they werent as expensive as I thought they would be (I was kinda expecting Ā£10mil+). + +Does anyone here have experience of living/owning a stately home or a manor house? Would you recommend it to anyone else? What are the pros and cons? +Wanted to post this as to give hope to the folks who were not high achievers early on or had a early high paying job or founded a company. This is my story for all the "losers"..... + +I was born into a family that was middle-class. We were comfortable but not rich. I was just plain awful in school with no motivation and more focus on having friend and going out. Ended up not graduating from HS as flunk one class with a GPA of 2.4. I was such a loser that cause my mother to go to garduation cermenony for HS and cried as she watched all the other kids walk for their diploma while I could not. After HS I basically did nothing for two years...working at shitty jobs such as bartending or working at a restaurant. + +Thankfully I met my current wife at 22 and realized that at this current path I will go nowhere and be 40 and a waiter for a career. Got off my ass and applied to community college and the transfered to a state school (not even a good one BTW). Finished it and ended up finding my first job at 24 in advertising with the great salary of $28k. + +So how did I get to early 40s, NW of $4.5 and $0 debt. Came down to scrimping by and luck. My tips: + +1. Find a partner that will struggle with you. This is key as keep expense low. +2. Work in tech. I was lucky and joined a startup and it was bought by a FAANG. This did two things...gave me golden handcuffs and second wiped my resume clean with a good pedigree place. People did not care I went to a shitty college or the other jobs I worked before. Now just mentioned the company and it opens doors. + +My goal now is to hit $10m by 45. All on equity. + +Good luck to everyone and hope my story give some encouragement. + +UPDATE: Fair point from a comment which is the buy-out was pure luck so who cares. So to clarify prior to acquisition I did save about $800K. Granted the capital from the acquisition helped fuel a bunch of the NW gain. + +I was chatting with my friend the other day who started building a vacation home in Tahoe a couple years ago and finished recently. For those who aren't in the bay area, as covid unfolded many people who already had homes there escaped and worked remotely from their vacation homes in Tahoe. + +He just finished and decided to make the move permanent as he works in tech and can work remotely. Talking to him, it sounds like he has a number of neighbors who are the same (execs who work in SF in finance/law/tech) who've moved there permanently or intermittently spend time there. + +He's in his mid-40's so not quite "retirement age" and seems like he still wants to work remotely for Silicon Valley companies. However, he's not at the age where he wants to put his all into work -- he wants to enjoy life a bit. He has a partner and no kids. + +I figured there would be a number of people here who are in the same or similar situations (especially the SF/Tahoe connection). How have people found these experiences? On one hand, live in an oasis in the middle of nature seems fantastic. That getaway from the city. On the other hand, I can see it being a bit isolating with all my friends here at home. But I imagine you must make new friends with your neighbors and the local community. Do you end up missing the big city? + +He's holding onto his place in SF briefly but is planning to sell within the year, giving himself a bit of time to change his mind and move back. +tl;dr version: The dips are market manipulations by institutional players. Don't panic sell, and think carefully about where you set your stop-losses at least until the $100K mark. + +So I keep seeing people compare this bullrun to 2013 or 2017. But they're wrong. Unlike the inherently speculative nature of the previous runs, this is an accumulative run driven by institutions and high-wealth individuals. They think and act differently, and you need to know the difference. + +You may have noticed a pattern of late that an ATH is reached, and then it immediately pulls back significantly. I see people putting it down to "corrections" or "dips" that you normally see but it's not. It's an intentional market manipulation by those big players. + +The problem that they're running into is that there simply isn't enough BTC on the market at any given time to satisfy the needs of the institutions themselves and the clients they serve. They have to find ways to pump liquidity into the market, so this is what they're doing. + +They don't care about short-term trading losses. They're dumping large amounts of BTC in the form of BTC and derivatives to drive down the prices and trigger stop-losses and panic selling. BTC that would otherwise be safely locked up are being released onto the market, and they're snapping them up at (relatively) bargain basement prices. + +Then what happens afterward? They've now sucked all the possible liquidity out of the market. It's gone. Everyone they can possibly induce to sell has sold. Which leaves only those waiting for higher prices to sell. And so we hit a new ATH, rinse and repeat. + +So how will we be able to tell when it's a real "dip" or "correction." They've already told us. JPMorgan says their target is $146K. Citi says $300K. And if players like JPM and Citi have set targets, you can bet the others have too. We just don't know where they are. A safe bet is somewhere in between those two numbers. + +JPM probably won't wait for $146K to stop buying, and Citi's not going to wait for $300K. If I had to place a guess, I'd say somewhere that would leave them at least a 10% gain (which would be better than an average year investing in the S&P500). That places JPM's # somewhere around $130K and Citi at $270K. Until we're safely past $100K at the very least, they're not going to stop. Continue on with your HODLing no matter what kind of gyrations they put the market through. +"Masayoshi Son's Softbank Group reported Sept. end total portfolio value of $12.92B sharply down from $17.52B at the end of the June quarter. + +Softbank has reduced its holding to just 4 companies from 26 companies at the end of Q2. + +Notable exits include Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Adobe (NASDAQ:ADBE), Netflix (NASDAQ:NFLX), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA). + +Reduced stakes in NVIDIA (NASDAQ:NVDA) and T-Mobile US (NASDAQ:TMUS). + +Takes new position in Line (NYSE:LN) and Lemonade (NYSE:LMND)." + + +They know something that the average reddit investor doesn't? I would say always follow the money... +I made almost 3 months salary this week flipping TSLA calls/puts. Was fun!! Now I want to put a chunk of it in low risk, long term options. I'm trying to figure out best approach. + +These 2 examples are for same stock, at same strike. And yes, it's a stock I don't mind holding. + +A) Sell PUT that's 18 months out, but with a 50% return! Example: 1000 cash reserved, but 500 premium. + +B) Sell PUT that's 28-45 DTE, but a 8-10% return. However, because of # of times I can sell the PUTS, the total profits would actually be 3x by the time A expires. Example: $1500 profit over 18 months vs A ($500). + +So go for a 50% return with a long duration hold or 3x profit, but with constant rolling + price adjusting? + +&#x200B; + +And for those wondering what I did with TSLA, I bought 670 calls for june 10 when it dropped hard last week. When it hit 790 on thurs (june 2), I sold them and immediately bought 790 PUTS for june 10. Sold the PUTS when it hit 705 on friday (june 3). Was a wild ride with crazy profits! best trades i've ever done! +So there was a post explaining why you shouldnā€™t sell Covered Calls. + +summary: you cap your gains, worse off than buy and hold +Personal example: SPCE, cost basis 17.81, called away by an 18c i sold 3 weeks prior when stock price was 16. Stock price when called away: 23. ā€˜Lostā€™ gains 500. Realised gains: 19 + premium of 50. + +So the argument is valid. An argument seconded by a friend in my IRL options gang. He expanded on it by saying that if the stock shot higher, you would have to put up more cash to trade the same stock for essentially the same premium. More risk, less returns. + +My counter argument was it didnt matter. All about the premium. I am selling CSPs on a company I donā€™t mind owning if it moves against me. Conversely, I am selling CCs on shares of a company at a price I dont mind letting go at. And if it the stock price went too high (Wtf, Kodak), it means I cannot sell CSPs on it at a price I wouldnā€™t mind owning it at, so move on to other stocks. + +In the end, its up to each trader to set their own goals and find the options strategies to meet those goals. There is no one strategy to rule them all. And do your Due Diligence!!! + +My current strategy: +Start: by selling CSPs on stock donā€™t mind owning at a price worth owning it at + +If assigned: sell CCs on stock at or above assigned price at a premium worth collecting as close to expiry as possible. I find 3 weeks out to be usually decent. + +Never: set CC prices at a loss. Go 3 months out if you have to but sell it at or above assigned price. + +Donā€™t bother: trying to do cost basis trading. We are being paid premiums to assume risk. Baking the premium into your strike price is just asking for a wash trade. Our time is worth something hence /thetagang! + +Been working out for me. Its slow, and steady, and not without risks, but Iā€™m loving it. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Has anyone tried living in hotels long term? + +Currently, I live in the Westside of Los Angeles, but I want to explore coastal California, as well as some inland areas. + +I like variety, so I'll spend half my time in random areas, such as Indian Casinos and remote towns. + +I'll need to come back to LA weekly for business, so I might travel Thursday to Saturday, and then come back to LA on Sunday morning. + +I'm not sure that I'd like Airbnbs, because I prefer a streamlined check-in process. + +Any advice? + +Edit + +* I don't cook +* I don't do my own laundry +I am a self declared value investor and have read many well known and not so well known books about it. A few days ago I started reading a book about chart analysis or technical analysis, in other words: trading. The reason was not so that I can become a trader, but because I want my financial education to be as complete as possible and to be able to talk about what I like and don't like about each philosophy. + +And I gotta say, I am not convinced by what I read. We all know that there are countless studies out there that show, that (day) traders lose money, on average. And now, after reading the first half of this book, I can completely understand why. + +Basically, technical analysy is the interpetation of charts and knowing a bunch of "formations" or "patterns". The basic idea is not bad at all, that is, that you can interpret the price as a result of the battle between buying and selling interests. But the big problem in my opinon is, that it is never really possible say which patterns the chart is forming right now. A price level that the price can't surge past could be a "resistance", or a level where the selling interest get's more and more "absorbed" by buyers. A level where prices stop to fall and start rising againg for several times could signal future falling prices, or a support level that prices wouldn't fall bellow and where a new trend upwards starts. + +Ergo, chart analysis is like reading tea leaves or hand lines. Yes, in hindsight it may be possible to explain why a price moved in a certain way, but *while* it is happening, no one knows. If you wait for a pattern to be completed, you are already too late and missed it, but if you don't wait until a pattern has been formed comletely, you might walk into a trap 'cause it can go either way, forming one pattern or the other. + +So, to explain the title, I think we value investors don't need validation by putting "value investor" in our social media bio, because we can validate ourselves by looking at the balance and performance of our portfolio. That is most probably not the case for most day traders, so they have to tell everyone that they are a day trader, in order to get at least *something* out of the money they've tanked. + +Edit: This text is intended to be controversial and does not aim at institutional or professional investors, but rather at the college "trader" to whom it seems more important other people know he is a trader than actually making money. +I have a couple that I really like and are easy enough for a simpleton like myself to understand: + +US railroads: The major class A railroads in the US own the tracks that they run on. Oftentimes there is only 1 company that owns the tracks on a route. It is impossibly expensive to buy up new land and build new tracks, so each railroad has a monopoly in its territory. Also, rail is an order of magnitude cheaper than transporting via truck and this difference is magnified over very long routes (ie from the interior of the US), so other forms of transport cannot compete on price. Investors in railroads have made a killing in the last 40 years because of these regional monopolies in which they operate. + +Another moat I love is billboard advertising. In a lot of locations in the US local law/permitting makes it very difficult to construct a new billboard. So, if you own all the billboards in a certain town/area, then you can 100% control the billboard advertising market as there are near impossible barriers to entry for competitors. + +Let me know your favorite moats. +Munger doubled down AGAIN, soon big money is starting to flow in, and will prop the price up, everyone else will follow and bring this to 250-350 EOY, this is a once in a lifetime value investment in a country whoā€™s median income is dramatically increasing, Baba is growing as the stock price is decreasing, the future is very bright, with an increase amount of customers, global expansion, while there customer base is becoming richer every year. + +All that aside, the value is PRESENTLY HERE, who TF cares about the future when itā€™s worth $300 a share now. China wonā€™t destroy a company who itā€™s citizens rely on. + +They are trading at 16 PE, what a dream + +Why is it so low? Fear. + +Fear of what? China stopping trading or hampering future growth. + +First of, they wonā€™t stop trading, just for kicksā€¦ what if they do? Our shares will loose volume drop in value transfer to new exchange and pick right back up. And still reach 300 without any fears left. + +China hampering future growth and breaking them up. Now this is more reasonable, but even if they slow growth, they are still TODAY valued at $300, china wants baba to succeed, they are asserting power over them, not trying to destroy them. It would damage their economy when they are about to eclipse the USA. + +People this is the PERFECT value investment. The fear is all over, overblown and we are at maximum opportunity and a growth stock, in a country in which is drastically growing. + +Foolish to think china will ruin baba. + +See u 250+ easily EOY + +Thank you CMARR!! +What is everyoneā€™s thoughts about him? His content is good but claims heā€™s a value investor even though doesnā€™t perform any valuations (DCF, FCFF, DDM, etc) for his investments. +Hi guys! + +I'm gonna try my best to make this short. I am a Masters's student in Investment and Finance in London so I have quite a bit of understanding of how all of this works. Even though I know that it's far from being useless, all this knowledge is mostly academic I'd say. I only realised this when I found myself with a bit of extra money at the end of each month (not much though, around Ā£150-200 per month), and after deciding to invest it instead of keeping it in my bank account. I have no idea what to do, and I don't know where to start looking, and I feel like that's the kind of stuff they don't teach you at uni. + +Again, I am comfortable analysing stocks and finding intrinsic values, and quite a keen fan of all the masters (Fisher, Buffet, Graham, Lynch, etc.), so good understanding of the whole thing. But I am reaching out to you guys for some advice on where to actually start my research, my everlasting quest to find some interesting stocks. And also maybe what to do after that. + +Thank you guys in advance for your help! + Hi there, + +I have been investing for 7 years, with decent success. I have read most of the Intelligent Investor and have been in the basic blue chips across 4-5 industries most of that time. It's hard to gauge what my actual success has been because new investments have not returned a year yet. Also, I can hardly count or attribute unsold bubble peak gains to my own acumen. But I have not lost any money. My main three holdings, which are a good 80%+ of my portfolio, have averaged about 13% annually over the last three years since I initiated them. If you discount the recent gains, I don't thing the numbers would be particularly stellar (maybe 10%). But who knows. Some questions hopefully some more experienced investors can shed light on: + +1. It has "bothered" me for quite a while now that the cumulative "work" of Graham, which I see as effectively the Intelligent Investor and Warren Buffet, are available for purchase through BRK.B. I could spend a lifetime learning the intricate details of every industry I'm invested in, all the valuation-specifics for that industry, etc. and on and on. OR I could just buy BRK.B (ideally at a "good" price). Why try to find decent value propositions when BRK.B has already found the BEST ones? I can pretty much guarantee I will not know as much as Buffett or Abel by the time I'm their age, but more importantly, I don't know that stuff now, when it matters to invest well early (I'm early 30s). **I could access their wisdom and investment strategy and stock picks, all bundled up in BRK.B, by just buying it.** +2. **If I were to switch into BRK.B, how would you do that right now** given the current state of valuations, the fact that we're in our 12/13th year of bull market (despite correction, interest rate expectations, war... until we see -20%, we're still in the bull market), the fact that BRK.B is at nearly all time highs? I don't doubt that the long haul will be good at this price level but there is something unnerving about unloading into one stock (of stocks) at a near all-time high. Never thought I'd be considering that! But I'm not one for timing the market. If the company (or conglomerate) looks fantastic, I'll buy at decent valuations instead of great valuations. Waiting for the next crash is not a strategy. The stock price AND earnings could go up and I'll be in the same spot in two years, but at a higher price and lost gains. +3. Lastly, I assume that because BRK.B has an excellent track record and Warren Buffett is so well known, **there must be a premium associated with the stock**. Just like with Tesla, there is a (significant) premium built into the price which demonstrates great expectations of significant growth ahead. What is the premium, or is there any? I can make judgements on Berkshire: yes, the 5 year p/e looks to be 14.5. Book value increasing. Debt is fantastic. Operating cash flow is great. Revenue is booming. On and on. But what's the point of trying to apply my judgement to the company of the best investor? + +Sorry for the longer post. Sometimes, more detail helps. If you want to shed light on your experience in investing and/or buying BRK.B, please feel free. + + +# + +working capital, also known as ā€˜ā€™net working capitalā€™ā€™ is a measure of companyā€™s short-term liquidity and operational efficiency as the traditional formula says itā€™ calculated as follows: **Current assets ā€“ current liabilities and we get the working capital**, but thatā€™s not quite right and here were going to explain why its wrong and are there more precise ways to calculate working capital. + +**Working capital why does it matter** + +To value any Companyā€™s value we must estimate its **future cash flows** for X periods of time and then discount them back to present to get a valuation. + +Cash flow differs from net income since, cash flow show statement tells us amount of real cash that was flowing in or out of the business, whereas net income thatā€™s is the bottom line of income statement is partly derived from *non-cash accounts* for example items like accounts receivables which isnā€™t real cashthe firm has it's just a claim that the company is waiting to get its payment for services already provided. + +**Why do we care about working capital** + +It all comes down to valuations in order to value a business we need to identify its cash flows for future periods and then discount them back to present a**nd the Big component of cash flows are changes made in working capital and how is the working capital calculated** + +Lets, take an example For Target company the + +[https://imgur.com/VurwtMh](https://imgur.com/VurwtMh) + +**Traditional way to calculate Working Capital** + +would be to calculate current assets and minus Current liabilities in our case + +2020 WC= 12902-14487= (1585) so for target we have working capital minus 1585 + +The problem is this not the way how companies calculate Working capital and how they present this on Cash flow statement **better way to calculate working capital would be following** + +**Current operational Assets- current operational liabilities** + +**\*\*Excluding cash debt and investments. \*\*** + +But how do we identify what are exactly operational assets and liabilities? We need to look at the cash flow statement. + +If you look at target corpā€™s Cash flow statement they use the following To calculate changes in Cash from operations + +[https://imgur.com/VMUrYYS](https://imgur.com/VMUrYYS) + +Target chooses to write in operating accounts + +1)Inventory + +2)Other assets + +3)Accounts payable + +4)Accrued and other liabilities + +They havenā€™t mentioned anything about cash, debt and ETC when talking about their operational accounts why should you? + +The basic rule is that there are going to be variations from company to Company but the main idea is to look at their financials and understand how the company itself defines working capital and its changes + +Cash flow from operating activities>>>>Changes in operating accounts>>> and seeing the list of what it consists of. + +for target it was inventory other assets and accounts payable + +**More precise Working capital would be following for TARGET** + +*Current assets=Inventory+ Other assets* + +*Current liabilities=Acc. payable+ accrued and other liabilities* + +So we would have: + +10325-14326= (4001) + +This will let us to understand more deeply what the business itself is refers to Its Working capital. + +**ANOTHER EXAMPLE FOR $LMT** + +Letā€™s see another company Lockheed martinā€™s income and cash flow statement and lets measure its working capital + +We see no signs of cash or debt being mentioned in working capital + +[https://imgur.com/7ijI2aN](https://imgur.com/7ijI2aN) + +Screenshot quality was damn low so just pasted it right here + +\*\***The $773Ā million improvement in cash flows related to working capital (defined as receivables, contract assets, and inventories less accounts payable and contract liabilities) \*\*** + +By reading $LMTā€™s 10-K we know that company defines working capital as shown in the screenshot + +**Current operational assets are** + +*Accounts receivable* + +*Contract assets* + +*Inventory* + +**Current operational liabilities are** + +*Accounts payable* + +*Contract liabilities* + +Now letā€™s go back To income statement the calculate Working capital + +[https://imgur.com/mB9vqQo](https://imgur.com/mB9vqQo) + +(Receivables+ Contract assets+ inventory) - (Accounts payable+ contract liabilities) + +$15,068-$8,425=$6,643 + +The general rule would be not to asses your own perception of working capital for every company, rather understand how does the company itself defines working capital. + +and if your still here thank you for your time! + +Mayer Weinroth +AJRD is being acquired by Lockheed (LMT) for $51 a share in cash. AJRD currently trades for $45.88. The rumor has been the pentagon issued a favorable report for the acquisition and LMT CEO has stated he expects the deal to close in Q1 2022. (90 days or less from now). This means a real return of 11.1% or 44%~ annualized. Once that deal closes I will roll my cash from the deal into LMT stock as they trade for a great price and then hold LMT for the long term. +I've just signed up for their premium free trial and was wondering if it is worth the money. Im basically a complete rookie when it comes to value investing (though I have bought a couple of books and am working my way through them). The problem I have is that I have no idea whether my analysis is even realistic and I'm thinking that this tool might be helpful. What's your experience with them and would you recommend it as a ressource to check my work? +Telegram: + +t.me/SaveBNBofficial + +HOGL dev has launched a campaign to SaveBNB, while the markets are red and people are having a rough time, come have fun and hangout with us. + +Join us in our mission to spread awareness about the value of BNB and in doing so save your own ports while bringing green back to your screens. + +Diamond hands only, we're gonna bring this to the MOON where everyone can see what our purpose is. + +The concept is simple, we will be running a Poocoin ad campaign that starts today to promote BNB. Everyone knows a Poocoin ad campaign is bullish. As a secondary measure we will be using any remaining profits raised to buy and hold BNB as a counter measure to the dump. We will focus on listing BNB to the top of coinhunt as we expand our awareness campaign. + +We at SaveBNB are fed up with the constant negative media campaigns against our space. Are you also fed up of Elon tweets cutting your profits by 1/3rd, Chinese fud or the IRS investigating Binance fud? if so, keep reading and find out how you can get involved! + +Unicrypt Presale goes live at 10pm UTC + +Hardcap: 100BNB + +Softcap: 50BNB + +Max cont: .5 + +Min cont: .1 + +5% liquidity pool tax + +5% reflect + +WL form: sweepwidget.com/view/24742-alb1rs7j + +Website: SaveBNB.finance + +Charts: TBA + +Contract: TBA + +HOGL CERTIFIED šŸ‘Œ +Most are new to online shopping and often donā€™t have smartphones, credit cards or even delivery addresses. What they do have is money to spend. [https://stockmarketnews.today/2019/01/01/amazon-reinvents-itself-the-retailer-is-targeting-hundreds-of-millions-of-new-online-shoppers-in-indias-countryside/](https://stockmarketnews.today/2019/01/01/amazon-reinvents-itself-the-retailer-is-targeting-hundreds-of-millions-of-new-online-shoppers-in-indias-countryside/) +Get taxed on income. + + +Use some of that after tax income to transfer my earnings into another currency, if I sell that currency, I get taxed again. + + + + + +I am an educated health care worker, I make a good living, I could make far more if I dedicated my life to fucking people over at any cost for the sole purpose of getting rich as fuck, but I instead, chose to dedicate my professional career to alleviating the suffering of my fellow man. + + +It would be pretty cool if working class professionals could make a good living wage (apparently a hard ask), but punishing them multiple times as they try to rise up into a life of stressing less about money, is so ass backwards. + + +The system is so fucked up, and 100000000000000000% stacked against the working class, we are basically techno-serfs at this point. +Finally getting some separation from the BTC selloff, thatā€™s about all Iā€™ve got for you this morning, just pleased to see the trend thatā€™s been happening really starting to show. + +Happy new year +ECOMI is excited to announce that OMI, the token that underpins the VeVe digital collectibles app, will soon be available to trade on the Bitmax Exchange Service. + +[https://bitmax.io/en/global-digital-asset-platform](https://bitmax.io/en/global-digital-asset-platform) + +As a top 30 exchange and with the freedom to access their services via web or smartphone app, this new listing will create more liquidity for OMI and gives our community more choice when it comes to their tokens. + +This is the second exchange listing for the OMI token, after Bitforex. Not only does this new listing offer holders more options, but it also ensures liquidity for the VeVe digital collectibles platform, which is now available to the public. + +**OMI Token Listing Details:** + +Deposits will open: 9 pm EST on March 1, 2021 + +The OMI token listing will open for trading: 9 am EST on March 2, 2021 + +The initial pairing will be: OMI/USDT + +Unverified accounts have a daily withdrawal limit of 2 BTC, however, as with most exchanges completing your account verification/KYC will enable larger amounts. + +[https://medium.com/ecomi/omi-is-now-listed-on-bitmax-exchange-85b3bd713e85](https://medium.com/ecomi/omi-is-now-listed-on-bitmax-exchange-85b3bd713e85) +(Throwaway) Long story short: dealing with a debilitating stomach issue out of the blue that started a few months back likely related to bacteria causing serious inflammation. Day to day my quality of life has tanked. + +6 months into it and sitting here in a European country where I have private healthcare only to find out all doctors and staff are taking the month of August off for vacations. Everything is taking weeks to schedule. I have been cancelled on twice. Nothing is working and frankly it is becoming beyond frustrating and I am getting desperate. + +As the title says, are there any private institutes, clinics or one-stop shops (think similar to a rehab clinic) where you can pay top dollar, go in, and get treated by world-class physicians and not leave until things are solved? Or something in the middle? Goal would be to eliminate any waiting by paying a premium and get treated by a team dedicated to solving the issue. + +Any and all ideas appreciated! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# šŸ™‹ ā€‹[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# šŸ“š Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# šŸ„¢ [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the ā€œCompanyā€) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Companyā€™s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# šŸ“ā€ā˜ ļø [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Choi Won-seok reports in the Korean Ghosun Libo news publication that according to an official from the Japanese automotive industry Toyota and Tesla have been reviewing the partnership since last year and are approaching the final stage. + +Here are some of the highlights of Toyota Tesla partnership. When the partnership with Toyota is established, Tesla will be able to launch a compact SUV EV at low cost using the Toyota platform. + +The Ghosun IIbo is the biggest newspaper in SK. A Tesla source Sawyer Merritt, tweets that he has been told "the reporter of the story is also highly regarded. We'll see if it's true." + +Toyota provides the vehicle platform to Tesla, and instead, Tesla provides some of the electronic control platform and software technology installed in its vehicle to Toyota. + +When the partnership with Toyota is established, Tesla will be able to launch a compact SUV electric vehicle at low cost using the Toyota platform. In addition, Tesla's sales in Japan, which are around 1,000 units per year, are likely to increase significantly. + +Tesla CEO Elon Musk said at the 'Battery Day' in September of last year, that Tesla "will release a $25,000 compact and affordable electric car in 2023. However, among experts, there were several opinions that it would be difficult for Tesla to find a way to sell electric cars at such low prices. Especially considering Tesla has already developed the Model 3 in 2017, The model electric crossover in 2020, the exoskeleton of the Cybertruck and working on the Semi truck. at this moment we have no idea about Tesla's affordable compact vehicle, which now it looks like may be produced in partnership with Toyota, if this report is true. + +I think this is a smart move for both Tesla and Toyota. Some people may be skeptical of a Tesla Toyota partnership, but remember that Tesla helped built Toyota RAV4 in 2012. I am sure you guys remember when Toyota sold its Tesla stocks in 2017. + +&#x200B; + +**What's in it for Toyota?** + +Toyota can also significantly reduce the resources and time spent on innovation of its vehicle's integrated electronic control platform ( ECU ) and operating system ( OS ) by using Tesla technology. Toyota is evaluating that the integrated ECU and OS technology that can control and improve vehicle functions through wireless updates (Over The Air) is lagging behind Tesla. In other words, through cooperation between the two companies, Tesla can reduce the cost and period of developing small electric SUVs and Toyota's benefit is the gain in ECU and OS development. It aims for a win-win effect by reducing the time it takes for the two companies to compensate for each other's weaknesses, allowing them to focus more on their own strengths. + +&#x200B; + +Tesla and Toyota have previously partnered. The two companies agreed to jointly develop electric vehicles in 2010, and in 2012 marketed Toyota's RAV4 electric vehicle equipped with Tesla's battery system. However, due to various reasons such as poor sales, the alliance between the Toyota and Tesla ended in 2017. Yet, the close relationship between Musk and Toyota CEO Akio Toyoda was maintained, leaving room for a reunion between the two companies in the future. + +&#x200B; + +Tesla's Fremont Factory is an automobile manufacturing plant in Fremont, California, operated by Tesla. But the facility opened as the General Motors Fremont Assembly in 1962, and was later operated by NUMMI, a former GMā€“Toyota joint venture. Tesla took ownership in 2010. + +&#x200B; + +Last year, Toyota sold 9.35 million vehicles, surpassing Volkswagen and returned to the world's top sales in five years. Toyota, along with Isuzu and its truck subsidiary Hino, plans to accelerate the electric and autonomous driving of commercial vehicles. Prior to this, Toyota also established a hydrogen fuel cell development joint venture with five Chinese automobile and technology companies, including Tsinghua University, Beijing, Cheil, Dongfeng, and Guangzhou Motors. The jointly developed hydrogen fuel cell system will be installed on Chinese trucks and buses from 2022. In addition, Toyota is striving to maximize economies of scale related to electrification and autonomous driving, including successive capital alliances with rivals Mazda and Suzuki. + +&#x200B; + +Meanwhile, Tesla CEO Elon Musk wrote on Twitter on the 27th of March that ā€œthe likelihood that Tesla will soon become the largest company in the world is higher than 0%.ā€ Although the context is not clear, it was also written ā€œprobably within a few months,ā€ an expression that can be interpreted as referring to a period, and was soon deleted. Currently, Tesla's market capitalization is about $ 590 billion, which is one-third of the world's largest market capitalization company, Apple. + +&#x200B; + +Tesla's share price continued to rise even after surpassing Toyota, which was the first in the industry's market capitalization at the time, in July of last year. Tesla, in particular, has a task to achieve economies of scale, with only 500,000 vehicles sold as of last year. If the alliance with Toyota is established, it can receive great power to expand mass production faster and at lower cost. + +[Source](https://www.torquenews.com/1/tesla-and-toyota-are-considering-jointly-developing-small-electric-suv-platform) +I've really enjoyed some of the logical discussions I've seen on here regarding how to handle yourself after the moass when it comes to money, taxes, lawyers, etc. One big question I haven't prepare for though is this: + +The big corps, news, all of the shills are going to attempt to paint us as villains and greedy fiends when this all goes down. We will be in one of the greatest spotlights ever shined in history. How do you plan on responding to those who are going to target you? + +Will you remain silent? Do you have a response set? This is one of those subjects that I am unsure about. I don't want to look like a bloody terrorist if MSNBC paints me that way. It's hard enough convincing people that this isn't a conspiracy and that it's the same trick they've used for years. +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://www.livemint.com/market/mark-to-market/humble-sips-rush-in-as-hnis-begin-their-exit-11576437010565.html + +This could be one of the reason why market are not falling instead of poor macro economic data. What are your thoughts about the future of markets? +If they had just shared an email or SMS, or simply taken the option out of the PayTM app - I won't be making any post about this. + +I tried to pay my local grocery guy by PayTM - he's a small local merchant with a PayTM bar code in his stall. + +The transaction went through smoothly, money got deducted against my credit card; but got added to my PayTM account under gift voucher. + +You cannot use gift voucher to transfer money to someone else, in PayTM. + +This is not just me - this guy got 10k locked like this, [in his gift voucher hell](https://twitter.com/Paytmcare/status/964106937913638912). + +This is **not** an investment post, but a lot of people might be affected by this in their personal finance, hence saving them from this unwelcome surprise. + + +Residential property priced at Rs 45 lakh or below will be considered ā€˜affordableā€™ and taxed at 1 percent, from 8 percent earlier. Under-construction properties priced over Rs 45 lakh will invite 5 percent GST, versus the previous rate of 12 percent. + + +Read more at: [bq](https://www.bloombergquint.com/gst/gst-council-finance-minister-arun-jaitley-real-estate-sector-cement-proposals-tax-rate) + + +- 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) +[https://economictimes.indiatimes.com/markets/bonds/bond-yields-in-india-creeping-back-to-6-as-rbi-goes-silent/articleshow/77648227.cms](https://economictimes.indiatimes.com/markets/bonds/bond-yields-in-india-creeping-back-to-6-as-rbi-goes-silent/articleshow/77648227.cms) + + +Bonds yields have been on rise since RBI's decision to pause rate cut. At the time of writing this, 10 year bond yield is at 6.1% (up 1.6% today). Does this mean we are at end of rate cut cycle (or rate cut cycle is over?). Does it say one should stay away from guilt funds in near future? +Is there an easy way for Indian investors To get exposed to these Emerging markets? + +Has anyone done this and can share their experience will be great +Motilal Oswal Mutual Fund is launching four new Index Funds - Motilal Oswal Nifty 500 Index Fund, Motilal Oswal Nifty Midcap 150 Index Fund, Motilal Oswal Nifty SmallCap 250 Index Fund and Motilal Oswal Nifty Bank Index Fund. The NFOs will be open for subscription from 19/Aug onward. + +Source : Kuvera weekly newsletter. +Im driving a 2010 nissan altima with pretty much no major issues but I was planning on to buy a new RAV4 for MSRP.I already did a deposit of $ 500 with the dealer who assured me i will get my car by the end of January. + But now that iam hearing a lot of news about recession coming and financial advisors saying ā€œDonā€™t buy anything for next 18 monthsā€.Iam really confused right now after watching lot such videos.Should i wait a lil bit or just go ahead with the order.Is it worth to wait till jan 2024? +These articles are great for anyone that owns a time machine, otherwise they're just are a useless article. Anyone can look at a 5y or all time chart, see what the stock was trading back then and figure out what's it worth today. It's not like the author picked the stock in that year so what's the point?? +[I'm freeeeee](https://www.youtube.com/watch?v=rGa70tVYVKo) + +...and it feels weird. Last day at work was Monday, and yesterday felt like a Saturday. I don't think it's sunk in yet. + +The nature of my work meant constant email-checking and a feckload of Skype meetings, and the "flexible schedule" meant...uh, nothing, because I still had to be accessible to clients/managers during the standard workday and usually beyond. I telecommuted, so my "wake up and put on shorts" routine hasn't changed. Yesterday I didn't know what to do with myself, so I did uh...laundry, and signed up for a Yale Coursera course. (There's a list of much more fun things I'm set to focus on like fiction-writing projects, gardening stuff, we're having houseguests in June and July and there's a trip in August we're planning, but yeah...this feels like a weekend/temporary.) + +[But my work is done!](https://www.youtube.com/watch?v=vK2lc2F-QcU) + +Really hitting me that there were so many years I spent unable to enjoy a holiday or a weekend/vacation because I'd be compelled to look at work email or get a call from someone about something that required attention RIGHT NOW. I need to mentally ditch this low-level-static jumpy hum of constant work responsibility feels. Maybe I need yoga. + +No. More. TPS. Reports. (!!!) + +**Deets:** + +Age 47 + +Sector: SaaS (B2B, but client-facing, not engineering) + +SR while working: 55-60% for last eight years. NO match(!) + +WR: 3% next year (took advantage of layoffs to call it quits, severance covers remainder of year expenses, spouse retired in 2015.) + +edit: thanks, all! +[EDIT] I was too worried about making a typo in the post, that I butchered the title. Sorry folks + +[EDIT 2] [More Pics](https://imgur.com/a/2JYLPua) + + + +**[EDIT 3] For anyone interested, I did a similar breakdown last fall about the TCO for my car that I had just paid off. There was a lot less moral discussion and shaming, but disagreements did come up [Here's the link](https://www.reddit.com/r/personalfinance/comments/7t4ijs/recently_paid_off_my_car_and_crunched_some/?ref=share&ref_source=link)** + + + + +My wife and I decided to get a puppy last fall to give our current dog some companionship (*and for me to stave off the discussion of having a baby right now*). We already had a [7yr old Australian Cattle Dog](https://imgur.com/a/4ebJIRe), also called a Blue Heeler, and knew that we wanted to get another ACD. For those that don't know, they are super smart herding dogs bred for moving cattle by nipping at their heels (*hence the name*). Their intelligence is great because they can pick up on things very quickly, but they are also super hard headed and can even outsmart their owners. + + +So we picked up [Annie](https://imgur.com/a/n1EHjmc) on Nov. 4, 2017 from a guy off craigslist. I know that there are tons of rescues out there that need homes and there are even ACD rescue groups around the US, but the breeder was just someone who had 2 Heelers and had a litter of puppies. This was not a puppy mill situation at all. The dog cost us $400, was 8 weeks old and had already been given her first round of shots. + + +Here is a breakdown of what we've spent since last November when we got the puppy. Friday is her birthday, so this is a year's worth of expenses. + + +[**Total Cost of Ownership for 1st year**: $1888.28](https://imgur.com/a/dAKrHsF) + + +**Basic Categories** + +* *Food* - $237.41 [We have been using Iams Smart Puppy from Kroger @ ~$18/ 15lb bag. This lasts 3-4 weeks] + +* *Boarding (9 nights)* - $191.00 [We board both dogs at our vet for $21/night/dog. Normally we try to take them with us or have them stay with my parents] + +* *Supplies (crate, bowls, leash, etc)* - $166.49 [This included a baby gate to close off the living room that the puppy figured out she could climb over after only 30min. Again, very smart dogs] + +* *Vet (shots, flea meds, spay, etc)* - $794.38 [Spaying cost $315, various puppy shots and vaccines were $290 bc our vet messed up and we had to redo some of them. Trifexus (combination flea/heart worm pills are ~$26/month)] + +* *Breeder* - $400 + + +Having already had a dog for 7 years, we knew the costs associated with having a puppy and living a normal human life with a dog. Now that we have 2 dogs, traveling out of town takes more thought and planning because we either have to board both, take both, or take one and leave the other with someone. Now that the puppy is a year old, both dogs will be eating the same food, which will save a little bit of money. + + +Sometimes when people decide to get a pet, no matter the species, they only think about the upfront cost. I just wanted to break down what the actual costs were for a year of owning a puppy just in case anyone was considering getting one. *Granted, the joy/happiness (and frustration) we've had this year is worth much more than $1900* so you can't put everything into dollars. + + + +**[Edit]** One thing that I didnt mention and others have commented about below is the time commitment required to having a puppy, or just any dog. The waking up multiple times at night to take them out when they are little, or coming home during the day/having someone take them out. There were a few months when I was exhausted every day at work from getting up every couple of hours to let her out and it seemed like it would never end. But now she joyfully goes in her crate around 9:30 and doesnt make a peep until around 6 (when I get up for work). Things will only get easier as she realizes that weekends are for sleeping in + + + +Go out and hug your animal today (or if you don't have one, enjoy your clean house/apartment). They might cause us headache, but they are also really fun to be around. + + +Short interest is still as high as ever in Gamestop. By now you should also know that Melvin are getting around $3 billions in help/investment to bail them out. The battle has just started and the fact that the shorters refuse to back down is actually good news. In simple terms it means that when the short squeeze starts it will be a massive one. Dont be fooled by the media narrative which is controlled by shorters such as Melvin, Citron & Co. The short squeeze has not even started yet. The whales are coming, the margin calls are coming, the shorts will soon liquidate and GME will fly into to the moon. Be patient and hold! šŸš€šŸš€šŸš€ + +[https://www.bloomberg.com/news/articles/2021-01-25/gamestop-short-sellers-reload-bearish-bets-after-6-billion-loss](https://www.bloomberg.com/news/articles/2021-01-25/gamestop-short-sellers-reload-bearish-bets-after-6-billion-loss) + +[https://finance.yahoo.com/news/gamestop-short-sellers-reload-bearish-175645685.html](https://finance.yahoo.com/news/gamestop-short-sellers-reload-bearish-175645685.html) + +&#x200B; +The announcement just came in that inflation in the US has reached 8.5%. This is still at a 40 year high for inflation. In March inflation surged another 0.3% causing higher prices on goods all around the US +I suspect Robinhood is not ideal? + +More general discussion on options is appreciated. +- How do you find which securities' options have the best bid, ask spreads? +- Do different brokers have better bid, ask spreads than others? +- Do different brokers do better at filling orders at a reasonable price? + +Do you have a good equation for creating a good long or short two-option spread without having to look at [an options price calculator](https://www.optionsprofitcalculator.com/calculator/straddle.html) for each trade? +Demand for pre-construction condominiums in Toronto has begun to decrease as a result of rising interest rates, but market-watchers assert that developers are unlikely to reduce prices since their margins are already under pressure; instead, they will postpone developments. + +Full Article Here: [https://thetorontohousingmarket.com/torontos-new-condo-market-is-experiencing-a-decline-in-demand-but-prices-are-expected-to-rise-as-developers-postpone-their-debuts/](https://thetorontohousingmarket.com/torontos-new-condo-market-is-experiencing-a-decline-in-demand-but-prices-are-expected-to-rise-as-developers-postpone-their-debuts/) + + +TD: + +TD is the sixth largest bank in north america. They have over 26 million customers. Their main operations are: + +* Canadian retail (TD canada trust, TD auto finance canada, TD wealth canada, td direct investing and TD insurance) +* American retail (TD bank, TD auto finance US, TD wealth US) +* TD securities + +They have 14m online customers and 1.7t in assets. They implemented a deferral program which worked quite well in 2020. 25% of canadian lending accounts took part in this program in april, and by late october, there were only 2.2 percent of accounts still participating. This likely artificially depressed some financial values such as cash flows, interest payments and accounts receivable which could have been reflected by a lower price, justified if one is speculating but truely an artificial value as loans return to normal. This program accounted for 45.7b in loans. Similar results were seen in America, with 11.9b in loans, representing 21% of accounts in April later transitioning to 5.2% of accounts. This is not as attractive as canadian accounts, but is only 25% of the size, and a tiny fraction of balance sheet items, as well as having a shorter deferral period. + +The bank recently carried out what they call the Schwab transaction, where they acquired 13.5% of the Schwab corporation. This transaction is healthy, and Schwab has about 80% of its market cap covered in cash alone, as well as 6b in FCF for a 120b cap. + +TD has managed to increase revenue and net income in 2020. They allocated more capital for credit losses, but managed to pay less taxes likely in light of the current economic and societal situation. + +**Business segment overview:** + +They have 16m customers in Canada. This is almost half of the population, which likely will have a monopolizing effect. They have credit cards, auto finance services, business banking, merchant solutions, asset management services, and an insurance business in canada. In the United States they have personal/business banking, and TD ameritrade. + +They operate a wholesale banking segment which operates like any investment bank. This segment operates under the TD securities brand. + +There is a vast segment called the corporate segment which does a number of different operations. These operations include technology solutions, shared services, treasury and balance sheet management (asset management?), marketing, human resources, finance risk management, compliance \[management\], legal, anti-money laundering, and ?other? Operations. It seems quite difficult to find information on this segment, other than it has a margin of about -20%, making it even more curious. + +Segment analysis: + +All segments other than corporate are profitable, and have similar margins around 25%. + +Canadian retail has seen slight increases every year since 2018. Net income in this segment has been declining. A decrease in personal banking revenue by 750m was countered by a 200m increase in business banking, a 400m increase in wealth banking, and a 250m increase in insurance, resulting in increased revenue from 2019 to 2020. There is quite a high ROE for this segment. + +US retail has seen stable, cyclical revenues with a macro up trend. Net income significantly dropped in 2020. Deposits grew in personal and business banking and in sweep. The ROE in this segment is significantly lower than in the canadian retail segment. + +In wholesale banking, there was a sharp increase in revenue and in net income. This segment has a ROE of 16.9. They were a part of a number of large name broker actions, acting as an intermediary. They carry out some trading, research, underwriting, securitization, trade finance, cash management, brokerage, and trade execution services in their global markets segment. In the corporate/investment banking sector they do corporate lending, debt/equity underwriting and advisory services. + +The corporate segment is a number of service and control groups. It seems to manage tax items, treasury and balance sheet activities, and some other shady sounding operations. It seems like this segment manages some accounting, as well as some issuance of equities/debt equities. + +The balance sheet is very large. There was a $300 billion increase from 2019-20. This was mostly related to a large increase in deposits. The bank has 718b in loans. Of these, only about 2b were stage three. Factoring in allowance for credit loss, there is a possible delinquency rate just below 2 percent at around 12b which is covered 15 times over by cash alone. With most liabilities in deposits, there is no immediate concern in the balance sheet. There are almost 200b in securities sold under repurchase agreements, which will be evaluated over at least 5 years, presenting again little threat. + +The loans can be broken down into regional and segmental sections. Canadian residential mortgages account for 213billion of the loans. Mortgage delinquency rates in canada are 0.23% as of Jan 31, 2021. This equates to about 212.5b in real value from the mortgage loans, although TD has allocated about 100 million less than I recommend. HELOCs account for another adjusted 95 billion. All together, personal loans account for 369.256b on the balance sheet. Conservatively taking delinquencies at 1b, this figure is adjusted to 268.256b for analytical purposes. Real estate represents about 40 billion in canadian loans, and assorted business and government is another 115.2b, predominantly in the financial and consumer staples industries. All of these loans look healthy at first glance. + +United states loans are similar. There are 100b in personal loans, 35.4b in real estate, and 148.3 in business and government with a similar allocation as the corresponding canadian section under the same name. There is 9b in other international loans. The total is about 734.9b. There is about a 5.3 percent average increase YOY in pure volume of loans. + +TD decisively estimates that 1.3b of loans are in stage 3, which may be a little conservative for most analysts. Preparing for up to one percent delinquency is in order because of the recent volatility in the market right now as well as in the canadian economy as an expected third wave of Covid-19 expands its grasp. In table 33 of the 2020 annual report, they allocate 7 billion to credit losses which is much more reasonable because they account for stage 1 and 2 as well. In this time of great uncertainty, it is not unreasonable to change this estimate to 20b. The bank has apparent backing from the canadian government so there is no immediate threat to allocate a tenth of capital reserves to delinquencies. +Whenever possible, I usually drive a bit further to get gassed up at my local petro Canada station since I have small stake in Suncor. Does anybody else do the same? +Now that my credit cards offer free credit score tracking, in getting a real time view of how bad there credit score system is. Not only do the guidelines which are supposed to be used not reflect a person's ability to manage money and debt, they're often completely ignored or interpreted backwards. + +Here's one piece of nonsense: I'm 40. My oldest account is 22 years old. That's considered average. It's literally the fucking maximum. + +Here's another: my score went down by 18 points when I paid off a credit card. That's exactly what was recommended to raise my score. + +I get that my current employer hasn't been updated in the five years since I switched jobs. + +I don't get how my credit report lists certain accounts as 30 days past due while also reporting that on time record for that account is 100%. + +Fortunately, my score is reasonable and I'm not depending on it for anything right now. + +Anyway, credit reporting agencies are incompetent on multiple levels. +Link: https://www.wsj.com/articles/dow-2400-anyone-11556549091 + +Moore said that if Trump loses the Dow will crash 91%. Obviously, this is bullshit, but markets do not like it when the Fed's independance is threatened, and it seems like the nominee has a lot of political bias. Do you think this news will affect the market in any way? Not because of his comments, but because a Fed nominee clearly has political bias that could affect his decisions. +Their stock is at $90 currently. If oil's going to rise back up in price at some point in the future, surely it will be the Sec. of State's business that prospers most in the boom. +My wife and I are on the chubby / fat journey where we mostly fly business but not yet private. We want a large dog and i was wondering if there's any way to humanely and efficiently transport the dog from one place to the other? +It looks like the $DOGE craze isn't dying down anytime soon... and one of the most promising derivative memecoins in my opinion is $HOGE. I could see it do a 10x in the 1-2 weeks after exchange listing, and up to 100x after that. If it can gain traction with $DOGE crowd, it could do even more than that. Right now it's sitting on pretty solid support with an exchange listing coming soon, so the risk is relatively low with high potential reward. + +HOGE is based on a sunglass wearing bulldog, and is intended to be the DeFi version of $DOGE on ethereum network. Vs $DOGE unlimited supply, $HOGE has a 2% burn on all transactions, half of which is redistributed to holders. So far it's been held back by the exorbitant gas fees and an early pump that happened too fast, but the price has found strong support, the number of holders is still growing. HOGE will be listed on an Exchange (Whitebit) in the coming days, which will remove the gas fees and make it more accessible to the general public. From what I've seen on telegram, the community is super committed to making $HOGE succeed, so I have high hopes for this yet. + +This is a great time to get in before the exchange listing on Whitebit, website updates, etc. + +My position: ~1 ETH / 1.x billion HOGEs. + +Coinmarketcap: https://coinmarketcap.com/currencies/hoge-finance/ +Coingecko in progress + +HOGE Market Cap: ~$500K (<500B outstanding tokens * 0. ... 116) + +Telegram: t.me/hogefinance (it's really a great community, you're welcome to join!) + +Subreddits: /r/hogefinance (main), /r/hogecoin, /r/hoge + +Previous /r/cryptomoonshots post: https://old.reddit.com/r/CryptoMoonShots/comments/lgts7q/hoge_is_the_token_to_combat_whales_and_dumping/ + +HOGE website: https://hoge.finance (a new and improved website will go live in the coming days ... check the Telegram for more info) + +HOGE Holder List: 1400 holders and growing, at https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances (1400 holders, only 3 1% whales who aren't selling any time soon --- very well distributed) + +The Uniswap liquidity is locked for 4 months: https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960 + +To buy: Go to Uniswap (https://app.uniswap.org/#/swap?inputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) (i'm linking the HOGE/ETH pairswap) - link your Coinbase or MetaMask, and swap ETH for HOGE. Increase "Slippage" to 2.5% or 5% to account for price fluctuations while buying. +Icahn is speaking directly to the apes via Twitter. I love apple pie and ice cream? I have a crush on China? Flatulence is the best icebreaker? Politicians and diapers? These seem like musings of an octogenarian. + +Also the God Bless GMERICA tweet with the pirate was on Ichanā€™s birthday, Feb. 16th. + +Women, Children, and Animals must be protected: + +ā€œHis foundation, the Children's Rescue Fund, built Icahn House in The Bronx, a 65-unit complex for homeless families consisting of single pregnant women and single women with children, and operates Icahn House East and Icahn House West, both of which are homeless shelters in New York City. + +In 2010, Icahn joined the Giving Pledge list, pledging to give away more than half his fortune.[112] Icahn is an activist investor, and has worked with the Humane Society of the United States in pushing McDonald's to achieve its pledge to end the sourcing of pork produced with gestation crates.[113]ā€ + +This is the 69th reference footnote on Ichanā€™s Wikipedia: https://www.businessinsider.com/carl-icahn-owned-39-million-shares-of-apple-as-of-september-30-2013-11 + +Anyway, Iā€™m sure with more wiki digging we can jack our tits even more as to what this whole puzzle means! +A lot of us know what the Greeks do individually but arenā€™t as certain on how they behave in relation to each other and the underlying asset. This write up will be done with the assumption you have read the previous post here: + +Quick Example + +Say John buys XYZ 100 1/15/21 Call (Buy-to-Open) for 1.00 and this contract has the following values: + +Delta: 0.50 Gamma: 0.05 Theta: -0.02 Vega: 0.01 + +and the Current price of XYZ stock is $95.00. + +This tells a lot but we will start with how Delta and Gamma work together: + +(1) The Delta says that for every $1 move either up or down in price, will either decrease or increase the value of the option contract by 0.50 (e.g. $50). You will notice most option contracts are bought and measured for statistical purposes in the ranges of 0-0.20, .21-.40, .41-.60, .61-80, and .81-1.00. + +(2) Then because Gamma is 0.05, for every change in Delta relative to a $1 movement in the underlying asset, The value of the option contract will increase by an additional 0.05 ($5) for every additional $1dollar change in the underlying assets price which would there create a correlated change in delta which is measured by gamma. So if the option contract for XYZ is 1.00 when the price of the underlying asset is $95 and then price moves up $1 dollar then the value of the contract becomes 1.50. (1.00 + 0.50) THEN, if the price moves an additional $1, Then the equation becomes, (1.50 + 0.50 + 0.05) = 2.05. + +We add Delta and Gamma together whenever we have additional 1$ movements or quantifiably similar changes in delta. + +(3) Theta, which is the amount of daily time decay that decreases the value of your options contract. So here we know that even if delta and gamma increase, With Theta being -0.02 we can expect to lose 0.02 every day we hold this contract. INCLUDING WEEKENDS. So now the Equation becomes 2.05 (current value of delta + gamma after a $2 movement) ā€“ 0.02 = 2.03. + +(4) Vega tells us that if Implied Volatility has a 1% change, then Vega will correlate the price increase or decrease related to the premium paid to buy/sell an option contract. If Vega is 0.01 then we add that to the value of the option contract. With 2.03 (Delta + Gamma ā€“ Theta) + 0.01 ($1) = 2.04. + +We do not use RHO in this calculation. + +Please note that these are not Static numbers and they will change drastically in relation to volume. + +You will notice Greek Combinations that have very high Delta and Gamma and Vega translates to an option most likely having a Higher Implied volatility because of how much of a range the option can move in and out of the money from delta and gamma while understanding from Vega that there is also a lot of dynamic price movement to either side. You will find these combinations in ETFā€™s like SLV, GOLD, XLK, things like that. Because they have high In-the-money probabilities and because their price doesnā€™t move much, GAMMA is very high which in turn means that smaller changes in delta will add to your contract value quicker. + +The most important thing here is understanding the formula and making sure there is liquidity (Volume and open interest) in your contract position. + + +I did want to touch on straddles and covered calls which many believe is a better way to trade options in terms of risk vs. reward. + + +Straddles +When an Investor is not sure which direction the market will move but has a strong opinion that there will be dynamic movement, a strategy that might be employed is the purchase of a straddle. This is the combining of a put and a call on the same stock with the same exercise price and expiration date. If the stock moves up, a profit is made on the call; if down, a profit is made on the put. Those who buy a straddle will profit from volatility while those who sell a straddle will profit if the market is stable because the options will expire unexercised. + + +Writing Calls + + +A Neutral or Bearish investor can write (sell) a call and collect the premium. An investor who believes a stock's price will stay the same or decline can write a call to: +(1) Generate income from the option premium +(2) partially protect (hedge) a long stock position by offsetting any loss on the sale of the stock by the premium amount +(3) If the stock price increases, the call may be exercised. In addition to the premium received when the option was sold, the writer will be paid the strike price for the stock. +If the option writer is the owns the stock on which the call is being written, is it known as a covered call and the risk is limited because no matter how high the stock price rises (meaning the call will certainly be exercised) , the writer merely uses the stock already owned (which has been deposited with the broker-dealer) to make delivery. However, if the writer does not own the stock, the option is uncovered (usually referred to as "naked" in the industry). That's when the risk is unlimited, because the writer must pay the going market price (and there is theoretically no limit as to how high a stock's price can go) to acquire the stock needed to fulfill the obligation to deliver. That is why Naked Call writing is the most risky option strategy. + +There much more to learn + +Hope this helps! + + +Edit: Added Content Related to Straddles and writing Calls + **It could also spell more trouble for traditional mutual funds, some experts say** + + Online broker Charles Schwab [**SCHW,** **-0.85%**](https://www.marketwatch.com/investing/stock/schw?mod=MW_story_quote) Ā is planning to launch ā€œfractional stockā€ ownership in a bid to woo younger investors, the companyā€™s founder and president Charles R. Schwab [**said** ](https://www.wsj.com/articles/schwab-in-bid-for-younger-clients-to-allow-investors-to-buy-and-sell-fractions-of-stocks-11571334424)in a recent interview with The Wall Street Journal. That could make it possible for individual investors to buy shares in companies, and exchange-traded funds, in smaller, or exact dollar amounts. + +ā€œThis could potentially be a ā€˜game-changer,ā€™ā€ says Peter Palion, a certified financial planner at Master Plan Advisory, Inc. in East Meadow, N.Y. ā€œIt would be a game changer if you could specify the dollar amount and say, ā€˜I want to buy, say, $100 of the Gold SPDR,ā€ [**GLD,** **+0.73%**](https://www.marketwatch.com/investing/fund/gld?mod=MW_story_quote) Ā he says. + +That would be a win for investors who are handling small amounts of money, and for those who want to invest a certain amount of money each month into retirement accounts, he says. It would allow some investors to buy $25 or $50 at a time of individual stocks or ETFs, he says. It could also allow investors to invest, say, exactly $500 a month in one or more ETFs as part of a regular investment plan. + +[https://www.marketwatch.com/story/charles-schwabs-move-to-sell-fractions-of-shares-could-be-a-game-changer-for-investors-2019-10-23](https://www.marketwatch.com/story/charles-schwabs-move-to-sell-fractions-of-shares-could-be-a-game-changer-for-investors-2019-10-23) +I've heard this so many times... I heard it recently from the man himself, Robert Kiyosaki, on a BiggerPockets podcast. Do people truly pay no taxes? If so, how? + +These are tax advantages I'm aware of... + +1. **Operating Expense Deductions**: You still pay income taxes on profits less depreciation +2. **Depreciation** is a delayed tax. If I want to take my money out of real estate and use it, it's taxed +3. **1031 Exchange**: Again, tax deferral. If I want to take my money out of real estate and use it, it's taxed +4. **QBI (Qualified Business Income)**: 20% income deduction. Probably the best example of the type of benefit I expect when I hear "pay no tax" +5. **Opportunity Zones &amp; TIFs**: I recognize there may be local tax incentives that are less visible to common investors. Perhaps this is what more advanced investors/developers look for? +6. **Die**: Let someone else inherit property tax free with a step up in basis. Not exactly what I had hoped for... + +What's missing here? + +Edit: + +7. **Cash out refi / HELOC** allows you to access equity tax free and spend it outside of real estate. You still pay tax when you sell. + +8. **Cost segregation**: studies can accelerate depreciation + +9. **Access to debt**: It seems some people view access to debt as a tax advantage because since no taxes were paid on the debt that allows you to control the asset + + +Throwaway account. We hit 4M NW today! + +44 years old. Married with 2 kids (age 7/8) . Dual Income (650K + 160 k ). My salary is expected to reduce as I get older and lazier. Weā€™re both doctors. (With changes in US healthcare, I wouldn't be surprised if my income dropped by 50% within 5 years). No health issues for anyone yet. Kids in public school, but expect to do private HS for both (\~25k/yr per kid at that time). I expect to pay for my kids college and possibly grad school. + +House: Mortgage 100k left (@2.25% ; (Conservative value=925k) . I haven't payed it off completely b/c Int rate is low. Wife wants to pay it off for psychological reasons. + +Investable assets: + +\- Retirement: 840K + +\- Taxable: 1.4M vanguard + 620K in stocks (Schwab Accnt; Tech heavy) + +\- Realty Shares: 30K + +\- Cash 110K + +529: 93K + +2 Cars owned: 70K. + +Credit card debt: low; 2K at this time + +Student loans: paid off completely. + +Ownership of business: not added; b/c its unclear and Iā€™m not counting on these funds. + +Annual expenses: on my to do list (but Iā€™m scared); Iā€™m ball parking around 100K excluding mortgage. + +I know Iā€™m doing well overall but I canā€™t reveal these details to people I know. Iā€™ve spoken to my friends about FIRE, but now realize that thatā€™s the wrong thing to do. It seems too humblebraggy. I've enjoyed lurking on this subreddit. + +Any advice is appreciated + +Edit1: thanks for all the advice/ encouragement! + +Edit2: i also have 1 child college tuition prepaid in my state ( 4 yrs+ 2 yrs dorm). + +Edit 3: I havenā€™t made 650k/ yr from the get go. This is my most successful year. After residency, my 1st job paid 160k. This is my 12 year in practice. Itā€™s slowly escalated from there. I expect to make less next year. +Hey guys, + +Iā€™m 23 and currently using WS Trade to invest in CAD stocks due to the no-fee commission, but Iā€™m not sure if Iā€™ll see the same amount of growth long-term compared to if I invested in USD stocks as well? + +Some of my holdings include VGRO, AC, CNR, RIOCAN, etc. Is it ok to just stick to CAD stocks forever until retirement? +So trying to get a sense of what actually happens. So In theory, most individuals took advantage of extremely low rates and financed their homes at 80/20 without having to take out insurance. + +When the housing market crashes, at what point does the bank reappraise to see how much equity is left in the house to ensure your still in line. Can they foreclose on your house immediately? + +Also do they restrict Lines of Credit . Can they proactively close them out all for payment? + +Trying to get a sense of the actions banks can take, practically speaking? + +I know they bake in all kinds of terms to more or less do what they want - just trying to get a sense of the logical order and steps theyde take. +We're looking at purchasing a first home, income is high enough that lenders have made it clear they're willing to lend us much more than we're asking, credit score is about a 770, and we're putting 20% down for a 15 year loan. + + +Online lenders appear to be offering rates just under 4%, claiming a flat $1500 fee, which they say part of which could potentially be waived in some cases, while local lenders are wanting closer to 5% with fees. + + +The real estate agents we've spoken with are saying online brokers are slow and sometimes that makes it hard to compete in a fast moving market, although I think that's typically for people whose situations are more complicated than ours. + + +It seems like we're fairly ideal people to lend to, so I'm wondering, is there something else about online lenders I should be wary of, or is this the same fear of online banks that was so common 5-10 years ago? +The kid was very gracious. (I'm older so to me you recent college grads are kids.) He said "No, she's right." And he described his attempts to get a job at local convenience markets, etc. I was thinking: Listen, you just got the most practical degree ever in the history of degrees: Civil Engineering! And you are searching and searching for work. How are you going to find a job (he is cold-calling by dropping by and leaving his resume) while working at Walmart? Don't listen to this woman! What makes it even more absurd is if she runs into someone who has the right background for Walmart and he is unemployed because all the college kids went and got jobs at Walmart, is she going to be sympathetic? I doubt it. (Walmart will not hire this guy, most likely.) + +Listen people: When you have high unemployment figures, this means that places are NOT HIRING. People are unemployed. Do you really think when employment is 10% (and 'real' unemployment is probably higher) then NO ONE will be unemployed? +Yesterday I posted about how I did not trade well. Nothing was working and I even gambled in a trade that I normally would not have done. The point I was making is how vital it is to preserve your Capital by keeping your losses small. Also, when you know your strategy works, you have to continue to have confidence and keep trading your set ups. + +Today, I started the same as yesterday with a couple losses in the morning. I honored all stops and at most I was only red 130 dollars. I know my strategy works as Iā€™ve been doing it successful for seven years. Even still I wasnā€™t as confident yet because things still werenā€™t working. So I reduce position size until things start working themselves out. By lunch time I was green with a little bit of profit. I missed some key trades today because of not having confidence. We are all human, this happens. Today it probably cost me about 1500 dollars. But the important part is the afternoon went well. Tomorrow I will trade again like normal. I traded 12 stocks today all to the long side. Preserve your Capital and stick to your strategy. It will all work itself out. + +https://imgur.com/gallery/0OWMP4u +This is the best gift I have ever received. I ended up not needing it for college, so I was able to purchase a used car outright a few years after graduation, I was able to put a down payment on my first house, and I still have some leftover. It has helped me build my savings as well. I have started a custodial account for my sons and have invested in VTI and some individual companies as well. + +No questions here, just saying that I am thankful for that gift and it has allowed me to do some things I wouldnā€™t have otherwise been able to 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 + +[šŸ“š 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) | [šŸ“š 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) | [šŸ’” 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) |[šŸ“ˆ 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) | [šŸ—£ 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) | [šŸ¤” 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) | [šŸ’» 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) | [šŸ“° 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) | [šŸ¤” 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) | [šŸ‘½ 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) | [šŸ“³ 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) | [ā˜ 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 šŸ’ŽšŸ™Œ](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** + +[šŸ“£ 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) | [šŸ“† 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) | [šŸ† 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) | [šŸšØ 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) | [šŸ“– 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) | [šŸ”” 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) | [āŒš 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) | [šŸ„“ 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:"šŸ’» 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!* +Want to publicly thank ConcourseQ researcher dhj82uk for single-handedly stopping a scam. They deleted their website this morning and social media accounts are gone. + +here is dhj's DD: https://concourseq.io/Q/Cvent + + +[Article](https://finance.yahoo.com/news/why-hate-fire-movement-think-090000195.html) + +Here is a dissenting view of FIRE. He makes a bit of a straw man argument though IMO. I think a majority of the community would agree with the overall message. + +Even the last sentence, "Consider instead changing your mind about retirement from 'I need to retire as quickly as possible, then I can enjoy life' to 'I should enjoy life now as much as I plan to during my retirement years.'" is basically the unofficial motto "build the life you want then save for it" +[WintWealth](https://www.wintwealth.com/) claims to provide a SEBI-regulated platform for retail investors to invest in "covered bonds", which are protected from bankruptcy. Would love to know the community's view on this product. +Always found u/Lorien6's check-in posts helpful for those in need. Haven't seen them in a while, so going to copypasta and continue the good deed: + +"Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at things like official charity links and gofundmes. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts šŸ˜„." + +Have a very GMErry holidays, everyone. See you in the new year! +Within our second day of listing CMC, Days before our exchange listing we are 12th most viewed token on CMC, Also top 5 on most trending! Insane growth we have had before our FIRST exchange listing and our second exchange listing announced. I said it time and time again. Eclipse cannot be stopped, this is a fact we all cant ignore, under 40k holders but growing over 1000 per hour and buying volume is only increasing. Only 30 million market cap! + +We are also hosting a 2k Tiktok competition - Top 5 videos with most views wins the prize + +100 billion token invite contest for first prize, 50 billion second and 20 billion third on our discord = over $10,000 currently and worth a lot lot more! + +Marketing is starting to kick in and our first utility platform our charting system is set for release during Q2, We will revolutionise the crypto industry and leave are mark! Records have already been set but this is only the beginning. + +Details on our socials are below be sure to DYOR and check us out, afterwards I am sure you will take part in our ride, so welcome to the team! + +WEBSITE > [https://eclipsetoken.org](https://eclipsetoken.org/) + +TELEGRAM > [https://t.me/eclipsetokenofficial](https://t.me/eclipsetokenofficial) + +DISCORD > [https://discord.gg/dx2T9J6G](https://discord.gg/dx2T9J6G) + +POOCOIN APP > [https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f](https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f) + +BSCSCAN > [https://bscscan.com/token/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f](https://bscscan.com/token/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f) + +ADDRESS TO BUY [0x375483cfa7fc18f6b455e005d835a8335fbdbb1f](https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f) +Well, first of all, we have seen all the BTC/BCH fight and how people dumped BTC for BCH and then how they dumped BCH and pumped BTC, while all the market was getting washed with investors' blood, ethereum was standing against everything and keeping its value around 300USD. No hard dump happened to ETH, it was all because people were believing and still are believing Ethereum. People didn't dump ETH for free B2X and after all the blood bath ended, we started rising. + +The number one reason is I guess community and the idea. Ethereum has a great idea and real life usage and number two coin on market cap. It's not a pump&dump coin and it proved itself very well on the last two weeks. + +The second reason is people saw how Ethereum protected its value while everyone was dumping alts so people started thinking like "if ETH is not getting dumped while everything else is, then lets invest in Ethereum because it is a strong coin" + +Also Ethereum is a very good project and has many real life usage areas. So it is not just a crypto currency, it is a platform, it is a living organism, it is more than being a coin. As we can see from every other market, if a product/company is offering good solutions and can preserve its value even in a huge crisis, it will eventually rise. This is where is Ethereum right now and I think this is the last chance for buying ETH around 360 USD. I feel like slowly we will rise, maybe till 500USD and then set our support level there. + +Lets hope and see together, Ethereum to the Moon! + +PS : These are my personal opinions, sorry for bad english and grammar, it's not my mother tongue +I will start off my discsussion using a couple of examples where investors/analysts missed the big picture and the company/stock has proven that they're much more than that. + +**Microsoft** + + +In July 2013, Microsoft stock had the biggest drop of the century after reporting their earnings. The stock dropped because of investors disappointment in the Surface RT laptop. They ignored the biggest elephant in the room that is Windows Azure, now known as Microsoft Azure. Azure is Microsoft's cloud computing division and it has been the major growth driver for Microsoft. Of course, the CEO change from Steve Ballmer to Satya Nadella helped but Satya's vision was all about cloud computing and it was completely ignored by investors at that time. + +https://techcrunch.com/2013/07/19/as-shares-fall-12-percent-microsoft-experiences-its-biggest-drop-since-2000/ + +**Apple** + +Back in 2018, investors/analysts were focusing on iPhone X sales figures. Warren Buffett saw the big picture. Billionaire investor Warren Buffett said long-term investors of Appleā€™s stock shouldnā€™t obsess with near-term iPhone sales. ā€œThe idea that youā€™re going to spend loads of time trying to guess how many iPhone X are going to be sold in a three-month period totally misses the point,ā€ he stated. His big picture was looking at Apple as a brand and its ecosystem + +https://www.cnbc.com/2018/08/30/warren-buffett-says-he-bought-just-a-little-more-apple-recently.html + +Look at where Microsoft and Apple stocks were then and where they are trading at now. + + +**Intel** + +I'd like to use the same logic for Intel. It dropped 20% after the earnings call last quarter in July. The big picture Intel's Investors/analysts are missing is that they are ignoring this industry leaderā€™s methodical transition into higher growth businesses and focusing solely on solvable supply chain problems ( 10 nm/7 nm transistor density issues). I will not be discussing the fact that AMD/NVidia are using 7 nm process and that Intel isn't. Also, the fact that TSMC will be on 5 nm by the time Intel fixes the 10 nm/7 nm node problems. Those are problems I'm well aware of and they have been beaten to death already. There is nothing I can add to that. I will talk about that later on but in the end as not the focal points. What I'd like to talk about and focus on is the data-centric transformation and its MobilEye division. + + +**Data Centric Transformation** + +Intel in 2019 pivoted from being a PC centric business to a data centric business. The TAM of this is 250 billion dollars. Revenue in this business group has grown from 42% of revenue in 2015 to 51% of revenue over the TTM. While many business transitions result in periods of low performance, as firms switch focus from declining to new businesses, Intel has managed to grow its revenue by 12% compounded annually over the past four years as it better positions itself for future growth. + +https://channelbuzz.ca/2019/04/intel-emphasizes-data-centric-transformation-of-company-at-new-xeon-launch-30025/ + +https://www.forbes.com/sites/greatspeculations/2020/08/18/put-your-chips-on-the-table-with-intel-corporation/#527d69d35951 + +**Self driving business** + +Intel purchased MobilEye in 2015. It is now a wholly owned subsidiary of Intel . Mobileye has a plan to dominate self-driving. Self driving taxis and cars are a big growth business. MobilEye is in a great position to capitalize on this business. Mobileye says it shipped 17.4 million systems last year. Today, over 40 million cars have Mobileye technology installed, and our products have been selected for implementation in serial production of 313 car models from our 27 OEM partners by 2017 (compared to 36 car models across seven OEMs in 2010). Some of the partners include Volkswagen, BMW, Nissan, Ford. It also has partnered with NIO, a Chinese EV company which people have dubbed the Chinese Tesla. + +The firmā€™s acquisition of Mobileye strategically positions it to build out its driverless technology business as well. In just three years, Mobileye has experienced rapid growth, with revenue increasing from $210 million in 2017 to $879 million in 2019. Its share of automobile semiconductor sales increased from just 0.5% to 1.9% over the same time. If Mobileye continues taking market share in this fast-growing segment, Mobileyeā€™s could provide a meaningful contribution to Intelā€™s operations, as it made up just over 1% of revenue in 2019. ResearchAndMarkets.com expects the autonomous/driverless market to grow 18% compounded annually from 2020 to 2025. Intel is positioned to grow with this new market. + +https://www.zdnet.com/article/ford-expands-partnership-with-mobileye-intels-autonomous-driving-business/ +https://www.theverge.com/2018/10/29/18039216/volkswagen-intel-mobileye-self-driving-ride-hailing-israel-2019 +https://newsroom.intel.com/news/mobileye-nio-partner-bring-level-4-autonomous-vehicles-consumers-china-beyond/ +https://www.forbes.com/sites/greatspeculations/2020/08/18/put-your-chips-on-the-table-with-intel-corporation/#527d69d35951 +https://www.engadget.com/mobileye-testing-autonomous-cars-germany-104521486.html + + +**PC Business** + +This is the side of Intel most people immediately associate Intel with. Intelā€™s PC-centric business is not something to write-off. There is still a piece of the PC-centric market where Intel has an opportunity to grow: graphics processing units (GPU). Allied Market Research, expects the GPU market to grow from $19.8 billion in 2019 to nearly $201 billion in 2027 or by 34% compounded annually. For example, Intel is aggressively entering the discreet GPU business, which is about 80% of the current GPU market. The iGPU processors codenamed Tiger Lake just released September 2nd. Intel poached AMD's GPU guy Raja Koduri and nVidia's Tom Peterson. Intel hired engineers and marketing experts from Advanced Micro Devices and NVIDIA, the market leader in the space, to assemble a team to develop and rollout the firmā€™s Intel Xe GPU. + +Intel is also releasing entry level processors. The entry-level processors will be targeted at budget-tier laptops and fanless mini desktops when they launch in early 2021. + +https://www.nextplatform.com/2020/09/02/intel-puts-its-xe-gpu-stakes-in-the-ground/ +https://wccftech.com/intel-jasper-lake-10nm-tremont-atom-cpus-leak-pentium-celeron-skus-2021/ + + +**7 nm/10 nm process** + +Since I have your attention until here - I'd like to say one final thing about this debacle. Lot of people assume that Intel's problems with this are due to complacency. Its not. Its due to Intel attempting to achieve and do something others have been unable to do, which is the exact opposite of complacency. Intel tried to use GAAFET for 7 nm when TSMC and Samsung warned Intel not to. Intel was warned by TSMC and Samsung that the GAA-FET technique is too challenging to implement at this point in time, but Intelā€™s pride and persistence led it to stubbornly try and tackle the GAA-FET problem, until it finally conceded this July. + +I agree Intel fucked up here but the point I'm trying to make is that this was not due to complacency as widely believed. Intel has a lot of management problems, hostile work environment etc but complacency is not one of them. Intel never got complacent about its objectives, but it may have gotten complacent about its approaches, methods, and processes. + +https://old.reddit.com/r/hardware/comments/i8qrx4/intel_exemployee_reveals_insider_details_on/ +https://www.dvhardware.net/article73530.html + + +**Tl/DR; Post Summary / Post Script** : + +I'm perfecty aware that AMD and nVidia are eating Intel's lunch and have better more powerful CPUs/GPUs. However, Intel is much more than that and its other divisions are what will drive future growth. Analysts and investors are missing this big picture. +At times it feels like crypto is being pretty widely accepted by the general public, we see guys like Mark Cuban and Elon Musk adopting it for their companies, many mainstream companies like Charmin and Taco Bell are getting into the NFT game and at times it's a mainstream media darling when it's doing well. + +I would expect Reddit to be equally if not more supportive of crypto than the general public or that I might expect to see from say in a comments section on Yahoo News, however when I see Bitcoin or Crypto mentioned in more mainstream Reddit subs like r/news or others everyone seems to be talking shit about "crypto bros" or making references to Beanie Babies, its kind of crazy to me as Reddit tends to sku younger and be very tech friendly. Here's some of the types of comments I'm talking about and these are like handpicked comments this sentiment seems to be the majority. + +"Looks like Cryptobros will have to go back to Amway." + +"Pyramid scheme" + +"Anyone who thinks the world's governments and central banks are going to allow unregulated virtual currency to take over is dillusional." + +""Let's pretend a speculative asset masquerading as the most deflationary currency ever is the future of finance. This is a Very Good Idea and I'm actually an expert on economics, not a con artist trying to attract as many suckers as possible to pay me real money for my hoarded assets." + +"Iā€™m not convinced it is here to stay. What is the utility of bitcoin? At least gold is used in electronics, jewelry etcā€¦" + +"Digital Beanie Babies." + +"I put my entire net worth into beanie babies and He-Man action figures." + +"I mean NFTs are basically the crypto equivalent of beanie babies with the difference being that with beanie babies you actually have something that is worth a damn whereas NFTs are a fucking worthless scam." + +"Jesus fuck what is wrong with that dude? + +"El Salvadors President Jesus fuck what is wrong with that dude?" + +"This year, I invested in pumpkins. They've been going up the whole month of October and I got a feeling they're going to peak right around January. Then, bang! That's when I'll cash in." + +"Iā€™m sticking with my tulip bulbs.Iā€™m sticking with my tulip bulbs. + +"Obligatory Beanie Babies vs Bitcoin Investment Guide" + +"This happens to things whose only value is derived from what people are willing to pay for it. That bitcoin is worth anything is only because people think they will be able to sell it for more than they bought/manufactured it for. Maybe I'm wrong, but I don't think bitcoin is substantially different than beanie babies. If people decide it's no longer valued, it's just virtual junk." +Hi everyone, + +Iā€™m investing for the first time and need some guidance. Iā€™ve been looking at Vanguard and it seems that FTSE Global All Cap Index Fund Accumulation and similar funds have higher ongoing charges (0.23%) vs a fund like S&P 500 (0.07%). Which fund would it be smarter for a beginner investor, starting out with Ā£500 lump sum, to invest in slowly in the long term? + +I have read about the benefits of a diverse portfolio, but considering most S&P 500 companies likely operate globally, does this actually matter? + +Thanks for the help. +TLDR: GME had the right conditions for a gamma squeeze today, but attention/ equity volume was diverted to AMC, which made the GME momentum slow down. However, the current higher price is being supported by other indicators, so hopefully we can build on it from here and be ready for the next opportunity. + +For anyone that follows me, I track total market delta neutral/gamma neutral prices using options data to help with trading. The gamma neutral price is the underlying price that creates a total market gamma of 0 across all GME options (all expiration dates). It is often associated with high volatility, and sometimes (especially in GME's case), it's associated with gamma squeezes. + +The graph below summarizes the GME close price (green line), Delta Neutral price (blue line, underlying where a total market delta is 0), and the Gamma Neutral price (orange line). You can see that a gamma neutral spike (at $7,387.08) occurred yesterday for the first time since the 3/8 spike that started an 80% increase in a few days! + +Yesterday, I said that this could signal the start of a gamma squeeze, and gave historical context. + +Yesterday's post as a reference: [5/26 Gamma Neutral Analysis](https://www.reddit.com/r/Superstonk/comments/nlrtul/gamma_squeeze_could_be_coming_soon/) + +Today, we made solid gains in the price, but not a squeeze. The gamma neutral price also came back below the underlying price. As a reminder, anything I say here is not certain. This is all about probabilities, and the presence of a gamma neutral spike does not guarantee a gamma squeeze, but does make the chance of one happening much higher. The key ingredient is an increase in volume, which we can see with the current AMC squeeze (graph further below). The AMC volume has been increasing each day since Friday, in conjunction with a prolonged gamma neutral spike, which keeps the momentum for a gamma squeeze. Conversely, there was a GME gamma neutral spike present for today, but the GME volume decreased, and the momentum decreased. + +&#x200B; + +[GME 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/c10okn6ufq171.png?width=910&format=png&auto=webp&s=9df3cb0e1f21e991887bf8b557b692602a5faf76) + +The good news here, is that the delta neutral price had a meaningful increase for the first time since March. The Delta Neutral price is important for creating a price floor, and acts as a resistance if the price drops. As you can see above, the price often stays above the delta neutral, with the gamma neutral creating some resistance between the underlying and delta neutral. The price often bounces off it if it gets too close, and if the price goes under the delta neutral, then pressure is created that shoots the price up when released (like what happened in February). + +The fact that the delta neutral sharply increased today means that a new floor/resistance is being create to support this new higher price. + +Prior discussion on the GME underlying/delta neutral price interaction if interested: + +[5/10 Floor Analysis](https://www.reddit.com/r/Superstonk/comments/n9cutk/gme_bouncing_off_delta_neutral_price_today/) + +[5/11 Floor Update](https://www.reddit.com/r/Superstonk/comments/na952e/gme_delta_neutral_price_update/?utm_source=share&utm_medium=web2x&context=3) + +As a reference, here is a lead-up to the big January squeeze: + +&#x200B; + +[GME 12\/1\/2020 - 1\/26\/2021](https://preview.redd.it/1si7dsjzhq171.png?width=910&format=png&auto=webp&s=fddab7d3a61c00a55bac20678f948c527486de99) + +You can see that the drop in the gamma neutral doesn't mean it's over, and the increase in the delta neutral helps support the new price levels. + +&#x200B; + +As a reference, and especially because GME/AMC are connected. Here's AMC's graph + +&#x200B; + +[AMC 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/uj4wsktsiq171.png?width=910&format=png&auto=webp&s=d9cf54594a10848798f00bc08f5c6f1d19bbb5af) + +As you can see, AMC spikes a lot! It has also generally been in one long spike since 5/13, and fed by very high underlying volume. There was a small drop in the gamma neutral/volume between 5/19 - 5/21, before resuming again with progressively higher volume each day this week. + +I think this can help support the theory that the AMC squeeze is stealing volume from GME, which is delaying the GME squeeze. + +If you're interested, here are a few of the other stocks I called out yesterday in the comments section. I'm not showing you this to draw your attention away from GME, but hopefully maybe to make you a believer. + +&#x200B; + +[RCL 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/nk0qs3i5kq171.png?width=910&format=png&auto=webp&s=939cd4adba8e2b8a8aa9a8e633e31f424856e8d7) + +&#x200B; + +[FUBO 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/cw7rwacbkq171.png?width=910&format=png&auto=webp&s=bc7761da0d5391c891541379b4838e399df41b8c) + +&#x200B; + +[SFIX 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/lff3i49mkq171.png?width=910&format=png&auto=webp&s=54bcca9ad47f3d126ef9fc092b601344b82bbab6) + +&#x200B; + +[TLRY 1\/4\/2021 - 5\/27\/2021](https://preview.redd.it/ithamkyqkq171.png?width=910&format=png&auto=webp&s=45502faf1856804b10a8fbedabbedd5db37b8afc) + +&#x200B; + +TLDR: GME had the right conditions for a gamma squeeze today, but volume was diverted to AMC, which made the GME momentum slow down. However, the current higher price is being supported by other indicators, so hopefully we can build on it from here and be ready for the next opportunity. + +I'll say it again, it's all probabilities. Nothing in certain. It's just an indicator. +thanks to [u/nayboyer2](https://www.reddit.com/user/nayboyer2/) for giving me the idea. Read his most recent post, but this boils down to looking at the volume for specific put strikes. u/nayboyer2 was looking at put volume this year and found something like 190m shares in puts expired today so I decided to take a look at Jan 21nd, 2022... + +&#x200B; + +https://preview.redd.it/j4t1xnowwot71.png?width=1277&format=png&auto=webp&s=3e868153f709c70f3e490b535d5f576be80e5c2e + +As you can see, 17.01 MILLION puts were bought on Jan 22nd, but the OI is only 135.59k... Which means someone(s) bought and exercised (or closed? I am not super familiar with options fuckery) 16.8ish million puts... Which would be something like ONE POINT SIX EIGHT SEVEN BILLION SHARES! + +Am I wrong? Is this fucking insane? I did the math and it just seemed wrong so I did it again. I mean it is fucking simple, right? (17,010,000 - 135,590) \* 100 = 1,687,441,000 shares. that is twenty two times the entire goddamn shares outstanding. + +Edit: + +I checked the 1$ put and found another 3m: + +[the smaller candle is 1m https:\/\/ca.finance.yahoo.com\/quote\/GME220121P00001000?p=GME220121P00001000](https://preview.redd.it/mcrv5kep2pt71.png?width=1354&format=png&auto=webp&s=271c66110dc08ff879908e82e4e85a65b3700601) + +$1.50 strike price is a boring 90k. + +$2.0 strike has another million. + +$2.50 has about 100k. + +$3.0 has about 600k. + +$3.5 has about 50k. + +it is a bit boring until $5 which has about 1.6m more. + +$10 has another 1.5m! + +all purchased Jan 22nd and 29th, 2021. + +and almost nothing shows in the open interest for Jan 21st, 2022. + +Edit2: + +I can't see these puts on any other options browser I have access to (and understand where to find shit), Questrade, barchart. I hope someone with access to something better can take a look! + +If I expand the chart to full screen it actually changes slightly... Where have we seen this before? + +&#x200B; + +[Weird, huh?](https://preview.redd.it/nvodmik0bqt71.png?width=1236&format=png&auto=webp&s=041fbdb7ac84eebce1ba51cdf3f41c19d717f3fb) + +Computer! Enhance! + +&#x200B; + +[Remember the Robinhood chats when Citadel was doubling down on their shorts?](https://preview.redd.it/76bzui04cqt71.png?width=890&format=png&auto=webp&s=1c055e0d698f2591c309189150c72135ec80f1ff) + +I really don't know what I am talking about if u/criand or someone wrinkled could take a look that would be swell. +My relationship with my husband seems to be falling apart and I just want to consider my options. + +Background: we live with his parents in London, with two children, 4 and 1. We've been lucky with this set up as we all get along and it helps us out a lot financially. However, if I leave, I'd have to fend for myself but I just don't think I can afford it. + +* Salary per month: Ā£1800pm +* Child benefits: Ā£145pm +* 2 bed rentals around the area: Ā£1500pm (won't be able to move out of the area for 4yo's school) +* Travel to work: Ā£150pm +* Savings: Ā£5000 +* Not sure how much bills would be if moving out.. but would ~Ā£300 be enough to live as a single parent? + +I'd think that if I move out, he'd take on the costs of childcare and stuff for the kids so I'd need to only account for things for myself. Not really spoken about it to that point though. Just weighing up practicalities. + +It just feels with the cost of living these days and all the bills that comes from being on my own, I'll have to put up with this rubbish relationship (it's not abusive, nothing too terrible, but just rubbish) because I literally won't be able to afford to move out and have the kids half the time. + +How do other single parents handle it? Is there anything else to consider? + +Edited to add bullet points +21F making 90k, donā€™t know what to do with it + +Hey everyone, I just recently got hired as a full time employee at the company I did an internship at. Iā€™m going to give some details on what my current situation is. + +Firstly, Iā€™m still in school I have about two semesters left, however thankfully my parents are paying for tuition so that is covered. + +I also live in a one bed one bath apartment that comes out to $1400 per month in Dallas. (I included WiFi, water, electricity, etc. in this price) + +The company I work for offers a 401k benefit which is 5% matched per pay check dollar for dollar. + + +Right now each check, with taxes taken out and the 401k sip is about $2400 biweekly. + + +I have heard of Roth IRA and traditional IRA and have no idea what the difference between the two is. If anyone has any suggestions at all on what to do about this Iā€™d really appreciate it. Thank you everyone! +Iā€™m looking to purchase my first multi-family which will also be my first home purchase. I will be living in one unit and renting out the second. Looking to move and start the process again in 3-4 years. I have done lots of research online but have not been able to find a mentor to guide me. How did you go about finding your mentor? Also whatā€™s the verdict between buying as individual vs creating an LLC and doing it that way? If anyone has resources that would be super helpful and appreciated. + +EDIT: thanks to everyone for their helpful comments and insight. Iā€™m excited to research more in this sub. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +Apes, there is no doubt that the 4:1 split by stock dividend has had an impact. +Just two days after the lowest German market volume I've ever seen (27 shares traded in 2 hours) we saw nearly 24k shares traded in the same time. +Meanwhile, the rate of DRS attempts seems to have gone up significantly, though obviously there was quite a stir when Fidelity put the brakes on. +While that seems to have been resolved, it is clear that many Apes see this as a final opportunity to get shares to safety. +When the split by stock dividend hits, the shares held at ComputerShare will be safe from any broker dividend fuckery. +Will your shares be among them? + +One thing seems to be certain: we are in uncharted territory for GME. +The large upswing in price yesterday could be the result of investors buying on bullish news, or Shorts starting to flee for the exits. +The after-hours downswing on low volume seems like manipulation, given how bullish the staffing announcement was. +As we navigate these next few weeks, I once again implore you to steel yourself against the inevitable FUD that will be assaulting us. +Much of it will be familiar and easily recognizable, but there will be new and unseen approaches deployed to hit us at this pivotal moment. + +Importantly, make a plan now for the actions you will take. +If you are *ever* considering taking an action, ask yourself whether it is part of your pre-established plan. +If it is according to your pre-established plan, then proceed according to your plan. +If not, then stop. +Very carefully consider the reasons behind your current state of mind. +We are *all* susceptible to emotional manipulation, and it is the most effective tool that can be deployed against such a large community of individual investors. +I cannot stress this enough. +No matter how emotionally resilient you believe yourself to be, it will be incredibly difficult to regulate your emotional response to the MOASS FUD. + +Make your plan, now. +Let it guide you, always. + +Today is Friday, July 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$128.51 / 126,24 ā‚¬** *(volume: 2631)* +- šŸŸ© 115 minutes in: $128.06 / 125,80 ā‚¬ *(volume: 2380)* +- šŸŸ„ 110 minutes in: $127.54 / 125,28 ā‚¬ *(volume: 2320)* +- šŸŸ„ 105 minutes in: $128.27 / 126,00 ā‚¬ *(volume: 2276)* +- šŸŸ„ 100 minutes in: $128.35 / 126,08 ā‚¬ *(volume: 2262)* +- šŸŸ© 95 minutes in: $128.48 / 126,20 ā‚¬ *(volume: 2262)* +- šŸŸ„ 90 minutes in: $128.09 / 125,83 ā‚¬ *(volume: 2262)* +- šŸŸ„ 85 minutes in: $128.22 / 125,95 ā‚¬ *(volume: 2238)* +- šŸŸ© 80 minutes in: $128.41 / 126,13 ā‚¬ *(volume: 2169)* +- šŸŸ„ 75 minutes in: $127.83 / 125,56 ā‚¬ *(volume: 2003)* +- šŸŸ© 70 minutes in: $128.55 / 126,28 ā‚¬ *(volume: 1986)* +- šŸŸ© 65 minutes in: $128.20 / 125,93 ā‚¬ *(volume: 1815)* +- šŸŸ© 60 minutes in: $127.89 / 125,62 ā‚¬ *(volume: 1805)* +- šŸŸ© 55 minutes in: $127.88 / 125,62 ā‚¬ *(volume: 1744)* +- šŸŸ„ 50 minutes in: $127.48 / 125,22 ā‚¬ *(volume: 1734)* +- šŸŸ„ 45 minutes in: $128.09 / 125,83 ā‚¬ *(volume: 1450)* +- šŸŸ„ 40 minutes in: $128.73 / 126,45 ā‚¬ *(volume: 1393)* +- šŸŸ„ 35 minutes in: $128.78 / 126,50 ā‚¬ *(volume: 1379)* +- šŸŸ„ 30 minutes in: $129.77 / 127,48 ā‚¬ *(volume: 1068)* +- šŸŸ© 25 minutes in: $129.78 / 127,48 ā‚¬ *(volume: 1027)* +- šŸŸ„ 20 minutes in: $128.94 / 126,66 ā‚¬ *(volume: 867)* +- šŸŸ„ 15 minutes in: $128.96 / 126,68 ā‚¬ *(volume: 792)* +- šŸŸ© 10 minutes in: $129.91 / 127,62 ā‚¬ *(volume: 689)* +- šŸŸ„ 5 minutes in: $129.83 / 127,53 ā‚¬ *(volume: 649)* +- šŸŸ„ 0 minutes in: $130.07 / 127,77 ā‚¬ *(volume: 540)* +- šŸŸ© US close price: $135.12 / 132,73 ā‚¬ *($128.00 / 125,74 ā‚¬ 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 1.018. 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) + +DiamantenhƤnde 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 friend is getting married in a few weeks, she is definitely in a different tax bracket than me and her registry reflects that. All of the more affordable items have been bought already and Iā€™m not sure what to get. Theyā€™ve lived together for years so the classic ā€œstarting a home togetherā€ wedding gifts are kind of out. When I was looking for other gift ideas I saw a lot of people say donā€™t buy off registry but I canā€™t possibly get anything thatā€™s still on the registry. So any suggestions of affordable ($60 or less) gifts youā€™ve given or received that would be appropriate? +ThatĀ“s my bet. They already know that we are not going to sell and all them efforts are meant to keep the number of Apes low. For them, is more dangerous one more individual Ape with one share, that one veteran Ape buying another share. + +So they are doing everything that they can to missinform and make us look like fools. If one potential new investor is interested in GME, the only information that he is going to get easilly is that Superstonk is a cult and that we are wrong. They are trying to delegitimate all of us and all the DD. IĀ“m on a trading group in Telegram of about one hundred nice and capable guys, and IĀ“m still a clown for trusting all the GME DD. + +ThatĀ“s their only hope, keeping the number of Apes as low as possible. + +They are fucking scared. So spread the word, more Apes means danger for them. + +Shorts never closed. Hedgies are fucked. DRS + +Keep DRSing even harder. +My wife and I are in our mid 30's. We own our home (very little equity so far), both work full time, have two young children, own our two vehicles outright, and started a side business last year that took a $35K investment to get going. Our net worth sits at about $360K. Assets include $330K in retirement accounts, conservative home value of $290K, and about $22K cash we keep on hand. Liabilities are $270K mortgage balance, and $12K left on the business loan. Total average savings rate is about 20%. + +We were getting discouraged seeing how all of our peers around our age seem to have bigger, more extravagant houses, multiple 'toys' (offroad vehicles, camp trailers, snowmobiles, boats, etc.), take multiple vacations each year, and generally appear to be kicking ass at life. We often found ourselves in discussions about how you only live once, and that our friend with a bar in the basement sure has a nice house (our house is great too, but not extravagant if that makes sense.) + +This post is a reminder that you're doing great and to not compare yourself to your peers. 95% of our peers referenced above, it turns out, have net worth in the negative tens to hundreds of thousands of dollars. Some of our closer friends found out about our modest wealth through discussions on saving for retirement, and they have started asking us for advice. We became more aware of their situations as a result; between student loans, credit card debt, car loans, mortgage debt, and loans for all the toys they have, our peers average between negative $200,000 and negative $300,000 net worth. It turns out, most of them are pretty envious of our relatively good financial position. Their debt payments typically account for more than half of their family income each month while they put away very little for retirement. + +Don't be too hard on yourself! The sacrifices you are making now will pay off soon enough. Remind yourself that the big spenders you're surrounded by typically wish they had a fraction of your savings and discipline. You're doing great! + +Edit: Net Worth statement now includes 100% more home value! +Dear Elon, I tweeted at you, but you still ainā€™t responding + +I left my cell, my LinkedIn, and my proof of 100 stock purchases at the bottom. + +I tweeted proof of me buying thousands worth of stocks in autumn, you must have not of saw them + +There probably was a probably with algorithm or something. + +Sometimes I mess up the @ā€˜s when I jot em. + +But anyways fuck it, my profiles red today and the stocks fallin + +I read the old man Bernie rant too Iā€™m sorry, + +I also had an old man try to lecture me about economy + +I know you probably here this everyday, but Iā€™m your biggest fan + +Anyways, I hope you get this man, tweet at me back just to chat. And please tweet out the Tesla stock price is too high, + +truly yours, your biggest fan +UPDATE: The issue was a simple misread of our analog meter. I called my utilities company and it was pretty easy for them to adjust our bill! + +Hi everybody. We live in a 550 sq ft apartment, and our electric usage has increased from 189 kWh to *1187 kWh* in a month. Our bill has increased from $36/mo to *$198/mo.* + +Our habits are mostly the same except we swapped out a window unit AC for a fan. I plan on calling the power company tomorrow. I think Iā€™ll ask them to send out a technician to check the meter. + +This is my first time dealing with a utilities issue so Iā€™m not really sure what to expect. Our bill is due Jan. 4th and Iā€™d like to get this straightened out before then in case thereā€™s an error that wasnā€™t our fault. + +Does anyone have any advice? Side note: if thereā€™s a better sub to post this in, please let me know! I just figured this one is good for stuff like this. Thanks in advance! + +EDIT: We have hydraulic baseboard heating, not electric, thatā€™s included with rent as per the lease. + +EDIT 2: Our electric cost is pretty low because we donā€™t pay for hot water and gas for the stove is calculated separately. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +Of course, another jump of over 13% is panned by the financial media, but that's nothing new to us. Days like yesterday go to show that the SHFs remain desperate to maintain control over the price, and cannot afford to let it run up too much or risk failing their margin calls. As we've seen before, there is no way to predict what they will do tomorrow - the might pump elsewhere to short GME down to manageable levels, or risk it creeping upward again? Whatever they do, it's not going to shake the Apes with DiamantenhƤnde - we'll continue to HODL, DRS, and buy the dips. They have no chance against us while we do, but are desperate to survive another day. + +Speaking of another day, today marks the end of Ryan Cohen's lockout period. I haven't yet been able to figure out if it's the last day or the first day after it lifts. While we may see more direct communication, I've thoroughly enjoyed the wild attempts to decipher his tweets over the past year. Whether or not he changes anything about how he communicates with the world, I respect the absolute treasure of a Chairman of the Board that we have in Ryan Cohen. He completely changed the course of GameStop's existence by refocusing the company toward revolutionizing retail, but he is also able to inspire confidence from shareholders through bathroom humor and cryptic messages. It is obvious from the team he has assembled that his leadership inspires confidence. If he were to turn that directly toward new GME investors, it alone could trigger the MOASS. + +Today is Wednesday, February 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$115.45 / 101,20 ā‚¬** *(volume: 589)* +- šŸŸ© 115 minutes in: $115.51 / 101,25 ā‚¬ *(volume: 589)* +- šŸŸ© 110 minutes in: $115.39 / 101,15 ā‚¬ *(volume: 589)* +- šŸŸ„ 105 minutes in: $115.11 / 100,90 ā‚¬ *(volume: 589)* +- šŸŸ© 100 minutes in: $115.31 / 101,08 ā‚¬ *(volume: 589)* +- ā¬œ 95 minutes in: $115.22 / 101,00 ā‚¬ *(volume: 589)* +- šŸŸ„ 90 minutes in: $115.22 / 101,00 ā‚¬ *(volume: 589)* +- šŸŸ„ 85 minutes in: $115.26 / 101,04 ā‚¬ *(volume: 589)* +- šŸŸ© 80 minutes in: $115.35 / 101,11 ā‚¬ *(volume: 469)* +- šŸŸ© 75 minutes in: $113.11 / 99,15 ā‚¬ *(volume: 467)* +- šŸŸ„ 70 minutes in: $113.08 / 99,13 ā‚¬ *(volume: 467)* +- šŸŸ© 65 minutes in: $113.31 / 99,33 ā‚¬ *(volume: 368)* +- šŸŸ© 60 minutes in: $113.23 / 99,25 ā‚¬ *(volume: 334)* +- ā¬œ 55 minutes in: $113.17 / 99,20 ā‚¬ *(volume: 283)* +- ā¬œ 50 minutes in: $113.17 / 99,20 ā‚¬ *(volume: 283)* +- ā¬œ 45 minutes in: $113.17 / 99,20 ā‚¬ *(volume: 283)* +- šŸŸ„ 40 minutes in: $113.17 / 99,20 ā‚¬ *(volume: 283)* +- ā¬œ 35 minutes in: $113.23 / 99,25 ā‚¬ *(volume: 238)* +- šŸŸ© 30 minutes in: $113.23 / 99,25 ā‚¬ *(volume: 238)* +- šŸŸ© 25 minutes in: $113.17 / 99,20 ā‚¬ *(volume: 178)* +- šŸŸ„ 20 minutes in: $113.16 / 99,19 ā‚¬ *(volume: 177)* +- ā¬œ 15 minutes in: $113.20 / 99,23 ā‚¬ *(volume: 177)* +- šŸŸ„ 10 minutes in: $113.20 / 99,23 ā‚¬ *(volume: 177)* +- šŸŸ© 5 minutes in: $113.40 / 99,40 ā‚¬ *(volume: 77)* +- šŸŸ„ 0 minutes in: $113.38 / 99,39 ā‚¬ *(volume: 42)* +- šŸŸ© US close price: $115.60 / 101,33 ā‚¬ *($115.24 / 101,02 ā‚¬ 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 1.1408. 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) + +DiamantenhƤnde 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! +It is obvious that these more social/subversive attacks against the Ethereum ecosystem are Bitcoin's attempt to try to slow it down because the BTC Maximalists know that its only a matter of time before Ethereum takes the reigns as the dominant public blockchain. They are trying to stall the spread of Ethereum before they can get Rootstock out, which is inferior to Ethereum's smart contract capability bc the functionality is not baked in at the protocol level - which in turn raises many security questions. + +I think it is pretty darn SAD that the Bitcoin community cannot come together to innovate (like they used to) like other blockchains are doing. Now, they find themselves a diseased community that can only resort to FUD tactics. + +Its time for the Ethereum community to fight back...not amongst itself or any pseudo-classic/legacy chains but directly against Bitcoin maximalists. **Our greatest weapon is our pioneering and groundbreaking development on the Ethereum blockchain.** Let's stay focused on sharpening this sword. +I've been trying to withdraw my money from Kraken for over a month. + +1. First I needed tier 3 verificiation which took several weeks to process. +1. Upon getting verified they wouldn't allow me to enter a bank account. +1. After googling and fighting with that I get my bank account added and try to withdraw, "failure" every time. +1. I open a support ticket, two weeks later and no answer. +1. Finally I get tired of their crap and open a gemini account. I wait 3 days for gemini verification and then try to transfer my money over from Krkaen. +1. No matter Bitcoin or Ethereum Kraken says "invalid amount" no matter how much I enter. + +Kraken, your website is fucking garbage. Your support is nonexistent. You're actively damaging the reputation of the crypto community. Fuck you and your shitty website. +I've been trying to figure out why, despite the seemingly obvious systemic and architectural superiority of ETH over BTC, BTC charges ahead with logarithmic gains in valuation and ETH seems to have experienced a damped oscillation centered around the 300 USD after it first took off about 6 months ago. + +At first I thought it might be because BTC has legacy appeal and greater mainstream visibility, not to mention larger liquidity, and therefore the big money bettors are placing bets there first. + +But I'm now wondering if ETH's greatest structural asset, namely smart contracts and the derived "coins" that are spawned as a result, are the real reason? All these's ICOs are basically liquidating their ETH for fiat, keeping in the price of ETH controlled around 300 USD as some kind of baseline that appears to be agreed upon by those liquidating? + +If so, ETH doesn't stand to gain much so long as these ICOs keep sucking out ETH and selling them back for fiat. + +Thoughts? + + +Hi all, I posted in RichPeoplePF recently about purchasing a $100k car, and it spurred some discussion that fatFIRE differs from FIRE in that fatFIRE is also about splurging a little on the journey. + +I know thereā€™s a purely quantitative calculation you can do to make decisions on purchases - i.e. ā€˜this purchase will delay my fatFIRE date by X yearsā€™ - but I wanted to take a step back from the personal finance angle and ask this sub a qualitative question - what other factors do you use in determining whether a luxury purchase or hobby is ā€˜worth itā€™? + +For example - time (ie ā€˜Iā€™ll buy this only if I can spend X+ hours a year enjoying it), or social benefits (ie ā€˜this purchase will introduce me to other hobbyists and Iā€™ll build a network). + +Iā€™m late 20s, no dependents, NW $1.5M, gross salary $170k, expenses $65k, and I am set on buying a $90k Porsche 911. + +I have decided it is something I do want, and quantitatively, Iā€™m okay with the hit on my finances and delay in FIRE date. But, I keep talking myself out of it using the qualitative reasonings I mentioned above - ā€˜I would only drive it once a week,ā€™ ā€˜my job could throw me international at any time,ā€™ or ā€˜Iā€™m being delusional about the network it will open up for me.ā€™ + +My question is - aside from a pure numbers perspective, how do you determine if your hobbies are ā€˜worth itā€™ for you? + I am currently 18 and is doing freelance work on Upwork making 1500 USD a month, have a 4-year non-binding contract, I donā€™t have any rent expenses or grocery cost as I live with my parents, I have convinced them I will not attend any college because I want to dedicate my time in this work and possibly increase income in the next 2\~3 years, + +ps . I got this job 3 months ago + +My current handling of money + +A Credit card against FD of 10k (banks only gives credit card to people aged 21 or more and employed) limit is 9k + +70k in Reliance Shares + +10k in another FD + +120k Cash + +I spend 9k every month by credit card to build a credit history + +Any advice will be appreciated. +Tried zerodhas free module on Learning to invest in stocks but it didn't help me much. Not interested in day trading but looking for any workshops (paid is fine) to understand basics of long term investments. Google is overwhelming. Needed some book recomendation or is it possible to have it all in one place to understand mutual funds,sip, mid cap etc ? How to plan for the future? I am a 24 yo. +I know a lot of friends whose wives are in kitty groups and its almost a given that they have a chit fund going on amongst them. I understand the quick access to the chit money but many just are in it for Idontknowwhat reason. They really don't have problems with access to money or liquidity issues. Am I missing seomthing? What's the rational behind considering it a high risk investment? +Beware of unsolicited furnace inspections in the winter. Unscrupulous companies will "Red Tag" and disable your furnace to try to pressure you into replacing it. Sometimes when there is little/nothing wrong. + +**STORY** +So my wife and I live in a house built in 1915 that we bought in 2010. When we bought it we knew the HVAC was middle aged (say ~98/99), but it still ran fine. We have had to have people out to do minor repair on the furnace twice, and I think had one duct cleaning, as well as a variety of plumbing work. + +Well one of the companies that has done work for us in the past contacted us out of the blue about a month ago looking to schedule a free furnace inspection. That seemed slightly suspicious, but sure why not. + +So they came out and did the inspection, found two cracks in the heat exchanger which could lead to carbon monoxide leakage. They did show me the cracks on a boroscope, not just on their phone. One was in a non critical area, and the other was absolutely minute (I have done a lot of research since). + +So they tell me they need to "Red Tag" the furnace and that they are going to disable it. Keep in mind it is about 5*F out and we have a 3 month old. I put up some fuss and they have a second more senior technician in to "do some more tests", and he confirms that they are going to disable it. + +But they are generously going to bring me some space heaters for us to use, get me a quote on a new furnace, and show me how to re-enable this one if I absolutely need to (but that I would be accepting full liability if I restarted it). + +Well they of course do get me the quote for repair that is more than a new furnace costs. And by say hour 5 or 6 in my house made a quote on replacement that was very high. But I told them I needed to think about it, so they left without ever showing me how to re-enable the furnace, though they did leave the space heaters (probably legally obligated to). + +I asked for and got some other quotes from some other companies, one of which was roughly half as much, and I also got a second inspection. This one said the heat exchanger was fine and that the very light cracking was pretty typical for a even 8 or 10 year old unit, much less a 16/17 year old one. Most importantly they did actually test for carbon monoxide leakage and found none whatsoever. There was less in the house than outside, and the biggest source in the house by far was our brand new stove. + +When I confronted the original company with this information they admitted they just assumed it was leaking, and didn't actually test the air. + +So while we are going to need to replace the furnace in the next couple years, it does not need to be immediately, and it is not posing any danger to us. If you search around online (which I did) you can find a lot of articles about this type of "scam". + +**TLDR** +Always be suspicious of free or unsolicited anything. +Always get multiple quotes, and if preferable, word of mouth recommendations. +Make sure anyone "red tagging" your furnace actually tests for carbon monoxide (which they are supposed to). +I was playing with some ideas of portfolios on portfolio visualizer and I came across something weird. + +Since XEQT has a limited history, I use a combination of VUN, VEE, XIC, XEF rebalanced quarterly and at the same weights that iShares holds them at (45, 5, 25, 25). I then compared this XEQT replacement to XGRO and to a portfolio of XEQT 80% and ZAG 20%. + +I found that XGRO has severely underperformed both XEQT and also the sample 80-20 portfolio. + +Does anyone have any clue why? Also, has anyone realized the same and moved to managing their own bond holdings rather than using the all in one ETF? + +[Comparison](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=100&inflationAdjusted=false&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=true&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=XIC.TO&allocation1_1=25&allocation1_2=20&allocation1_3=0&symbol2=VUN.TO&allocation2_1=45&allocation2_2=36&allocation2_3=0&symbol3=VEE.TO&allocation3_1=5&allocation3_2=4&allocation3_3=0&symbol4=XEF.TO&allocation4_1=25&allocation4_2=20&allocation4_3=0&symbol5=XGRO.TO&allocation5_2=0&allocation5_3=100&symbol6=ZAG.TO&allocation6_2=20&allocation6_3=0) +A friend approached me about going halfsies on a barrel of whiskey; $10,000 split 2 ways. Returns after 5 years could be between $23,000 and $32,000. + +I'm not sure how to respond to this. It seems kind of strange to invest in physical whiskey. + +Curious to see what your thoughts are. +Does anyone out there have a chronic health condition they have to work into their FIRE plan? + +In my case, I have an autoimmune disease that is very expensive to treat. Currently the retail cost of the medication is \~50k. My current commercial insurance through my employer covers most of the expense, and the manufacturer offers copay assistance to cover the rest. However, I'm trying to figure out how this would work in a FIRE scenario. Trying to plan ahead to get a more accurate FI number, but also want to find options if the present economic/pandemic environment forces me into early retirement sooner rather than later. + +The manufacturer offers assistance for uninsured patients as well but I would hate to be dependent on a program that may not always be around, plus I'd have no insurance to cover anything that could happen in addition to this condition. + +Many of the ACA plans do not cover this medication (Enbrel) from what I've read, or they charge you close to full retail price for it. ACA will very likely not be an option, though it would still let me use the co pay assistance which can offset about \~12k per calendar year. + +At the moment, I think my best option is to not retire full time and try to find a part time job with benefits. + +Edit: Thank you everyone! All the feedback has been amazing. It's great hearing from others going through something similar. Seems I might actually be better off looking into ACA after all, but budgeting for big premiums/out of pockets expenses. The manufacturer might help offset that. + +As a back up in case ACA goes away, I may seriously look into retiring in another country. Something I had been considering anyway. + +Also, I went back and added more details since the wording of my post was causing some confusion. That's what I get for hastily typing up my initial post on my phone. Hope this helps! +I just found out a few days ago when I was trying verify my identity on another website. They kept asking me about mortgages so I went to check my credit and saw I had a bankruptcy. I was only eighteen when it was filed and I'm 23 now so I don't know if I can even do anything about it at this point. It wasn't up there before when I checked last year. There are at least thirteen people under the bankruptcy that my parent owes. Utilities, phone bills, places they rented from, and even places like supermarkets. I don't know what to do. I did call the bankruptcy court, but they told me there was nothing they could do and to go to the credit bureaus to dispute it. I'm just worried about getting my parent in legal trouble, but I also know based on their track record that they might possibly keep racking up apartments and such in my name. They even forged my signature on the documents. My parent put their phone number which they never changed so I know for a fact it's them. I'm honestly scared that I have more debt or bankruptcies that just haven't came up yet since it's their go to plan whenever they get in a bind. I used to get letters from collections from the places listed on the bankruptcy back when I lived with them, but my parent would just blow it off as fake letters and told me to ignore it. They knew the whole time and looked me in my face and lied to me about something so serious. I can't wrap my mind around it at all. I've never been so emotionally numb in my life. They have put me through so much already. Like I don't even know how to process this. +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +What a way to start the week! Watching the entire market bleed red, but the SHFs desperate to drive GME down even faster than the rest of the market was spectacular. They are truly living on the edge of a razor, and with their collateral's value so volatile they are on the very edge of failing a margin call. Seeing the rumor shared by u/dlauer about Melvin's awful month (so far!) and we are truly living in exciting times. Either way, seeing such a dramatic drop followed by such a rally is highly unusual. + +Will we see continued dips today? Will the T+2 date deliver? How many more shares can we DRS to safety before the end of GameStop's quarter? I cannot wait to see! If dip is on the menu today, I will be buying (again). I cannot help but feel like we are on the very edge of the MOASS, and our DiamantenhƤnde *now* show how well our DiamantenhƤnde will HODL *during* the MOASS. Fidelity's order ratios show just how tightly we're HODLing the float, and I cannot wait to see what they do when they have to close their short positions and nobody is selling. + +Reddit itself has had a lot of downtime recently, so I'm just adding a quick note that *nothing changes* if Reddit is down. If you liked the stock when Reddit worked, then why would you panic sell when Reddit goes down? If you're cut off from this community of Apes when the MOASS begins, think inwardly on what your exit plan was all along. We do not know what dirty tricks they'll throw at us this time, but remember that you have a precious resource that they can only obtain from you when you decide to sell it to them. Don't let their FUD change how you value your investments. + +Today is Tuesday, January 25th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$96.08 / 85,00 ā‚¬** *(volume: 2906)* +- šŸŸ„ 115 minutes in: $96.07 / 84,99 ā‚¬ *(volume: 2694)* +- ā¬œ 110 minutes in: $96.10 / 85,01 ā‚¬ *(volume: 2570)* +- ā¬œ 105 minutes in: $96.10 / 85,01 ā‚¬ *(volume: 2525)* +- šŸŸ© 100 minutes in: $96.10 / 85,01 ā‚¬ *(volume: 2493)* +- šŸŸ„ 95 minutes in: $96.08 / 85,00 ā‚¬ *(volume: 1870)* +- šŸŸ„ 90 minutes in: $97.38 / 86,15 ā‚¬ *(volume: 1715)* +- šŸŸ„ 85 minutes in: $97.86 / 86,58 ā‚¬ *(volume: 1022)* +- šŸŸ„ 80 minutes in: $98.02 / 86,72 ā‚¬ *(volume: 907)* +- šŸŸ© 75 minutes in: $98.12 / 86,80 ā‚¬ *(volume: 820)* +- šŸŸ„ 70 minutes in: $97.97 / 86,66 ā‚¬ *(volume: 771)* +- šŸŸ„ 65 minutes in: $98.01 / 86,70 ā‚¬ *(volume: 767)* +- šŸŸ© 60 minutes in: $98.22 / 86,89 ā‚¬ *(volume: 729)* +- šŸŸ© 55 minutes in: $98.08 / 86,76 ā‚¬ *(volume: 718)* +- šŸŸ© 50 minutes in: $98.00 / 86,69 ā‚¬ *(volume: 636)* +- šŸŸ„ 45 minutes in: $97.89 / 86,60 ā‚¬ *(volume: 618)* +- šŸŸ© 40 minutes in: $97.90 / 86,61 ā‚¬ *(volume: 617)* +- šŸŸ„ 35 minutes in: $97.76 / 86,48 ā‚¬ *(volume: 612)* +- šŸŸ© 30 minutes in: $97.79 / 86,50 ā‚¬ *(volume: 585)* +- šŸŸ„ 25 minutes in: $97.69 / 86,42 ā‚¬ *(volume: 554)* +- šŸŸ„ 20 minutes in: $97.81 / 86,53 ā‚¬ *(volume: 539)* +- šŸŸ„ 15 minutes in: $97.83 / 86,55 ā‚¬ *(volume: 487)* +- šŸŸ„ 10 minutes in: $98.06 / 86,75 ā‚¬ *(volume: 318)* +- šŸŸ„ 5 minutes in: $98.17 / 86,84 ā‚¬ *(volume: 234)* +- šŸŸ„ 0 minutes in: $98.25 / 86,92 ā‚¬ *(volume: 220)* +- šŸŸ„ US close price: $100.15 / 88,60 ā‚¬ *($98.00 / 86,69 ā‚¬ 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 1.1304. 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) + +DiamantenhƤnde 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 people of UKPF, this is going to be a bit of a rant so really sorry in advance! + +So, to set the scene first ā€“ Iā€™m in my late 20s, graduated from university with a decent degree, worked at a big 4 accounting company for 4 years and now working in industry and been at my current job for 2 years now. Which means in total I have 6 years of experience in the field I am in. + +Last week I had a catch up with my boss in the hopes of discussing a potential raise and maybe a promotion in the coming few months. I was hoping to talk about how Iā€™ve taken to the job like fish to water. All was good at first and the conversation was going exactly the way I rehearsed to myself for a few nights. But when talk turned to salary and promotion, I was greeted with several annoying, ridiculous corporate BS lines that are currently driving me insane. Out of these, the one that really pisses me off is the damn **experience** line. + +I have about 4 colleagues that are older than me and by being older ā€œhave more experienceā€ than me. The youngest of those being a mere 4 years older and the most being 10 years older. We all do the same job ā€“ in instances I feel like I have far more responsibilities than them! ā€“ however, given they have more experience, they are on approximately Ā£20k more than on what I earn for doing the same goddam work. + +We do not discuss salary openly here but when you go for drinks, some people start talking and you learn things. + +Paraphrasing what my boss said to me when I indicated that I know that the rest of the team are on way more than me, this is what he said: + +*ā€œWell, you have to remember that you only have 6 years of experience now, there are others in the team that have now had 15 odd years of experience. How do you think they would feel knowing someone with less experience is making almost as much as them?ā€* + +There are a ridiculous number of holes in what he said ā€“ but Iā€™ll let you tell me what you take from that (in case I am just being a cynical b\*st\*rd and reading between the lines too much). + +Then, he went on to dangle the carrot and ask me to step up even more and take on even more responsibility! Act like the Senior I want to be from now and we can then revisit the conversation of becoming a senior and getting a pay rise in about 8 monthsā€™ time! + +Now, I really do appreciate that with experience you can add more value to the company if you play your cards right, and you should be remunerated in line with that. I am not discounting the fact that this may be true for the majority. But I do feel like in this corporate environment the "younger generation" (late 20s is not young!!!) are screwed over. I believe I do bring a lot to the table and am far more an active member of the team than most and volunteer to do things outside of my job spec to show my commitment, yet because of **just experience** Iā€™m being penalised by Ā£20k. + +What are your thoughts on this? + +Is this common for many industries or am I really failing to understand the point here? + +Do you feel demotivated because your employer doesn't value you? + +Should I be looking for a job where you are remunerated on the value you add rather than just your age? +Recruiters and employers playing the tactic of reducing the salary because "no need to commute"? Can anyone explain this logic? I thought I am being paid for the value I bring. + +It seems like a cunning tactic for them to pocket even more money by marketing the opportunity that way, +[The MOASS is Inevitable](https://www.reddit.com/r/GME/comments/mjo3jj/the_moass_is_inevitable/). Itā€™s no longer a question of if, just when. + +Here is a cheat sheet to get you through the FUD when this takes off. The most important thing to remember here is that Apes have the data to back the thesis. + +It will be a bumpy ride, but the DD here will make it easier: + +Look back over things theyā€™ve done to scare you into sellingā€¦ + +* [FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) +* [Market Manipulation](https://www.reddit.com/r/GME/comments/mqyp5w/now_is_the_time_to_stay_ready_a_running_list_of/) + +And yet Apes [**still**](https://www.reddit.com/r/GME/comments/mcw74g/even_yesterday_there_was_a_31_buysell_ratio_on/) [**have**](https://www.reddit.com/r/GME/comments/mebvks/daily_fidelity_update_buysell_ratio_still/) [**diamond**](https://www.reddit.com/r/GME/comments/mo0qp2/buysell_ratio_is_51_on_fidelity_apes_buying_the/) [**hands**](https://www.reddit.com/r/Superstonk/comments/mpw0ru/fidelity_orders_updated_412_still_looking_like_a/) + +You wouldnā€™t short a car would you? Well Citadel would, probably. + +Citadel has shorted everything to oblivion and the bill is about to come due. Press X to hold. + +* [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) +* [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +* More [Naked Shorting](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) + +Itā€™s easy to sit there and think the numbers being thrown around arenā€™t realistic, and thatā€™s because up until now they havenā€™t been. + +* [KBIO Squeeze was 6% SI with 10,000% growth](https://moxreports.com/kbio-infinity-squeeze/) +* [Overstock was 13.7% SI with 4000% growth](https://www.reddit.com/r/GME/comments/mqt7w6/gamestop_vs_overstock/) +* [VW was 12-15% SI with 500% growth](https://imgur.com/a/Z2bF2wy) + * The part that always gets me, ā€œWhy did the short sellers hang on for so long when the tide was moving against them? Perhaps they remained focused on the long-term anticipated drop in price rather than the risk of being squeezed in the meantime.ā€ Whatā€™d we learn Kenny? + +Yes, these are entirely different scenarios, and each one had additional variables that affected the squeeze. But it really puts things in perspective huh? + +Because: + +GME Short Interest\* + +* [Conservative Short Interest Calculation: 38M](https://www.reddit.com/r/GME/comments/lzj00a/super_conservative_calculation_puts_gme_short/) (\~147%) +* [Slightly less conservative: 250-900%](https://www.reddit.com/r/GME/comments/m19oh7/true_short_interest_could_be_anywhere_from_250_to/) + +GME Float + +* [APES. OWN. THE. FLOAT](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/?utm_source=share&utm_medium=web2x&context=3) +* [Float/SI](https://www.reddit.com/r/Superstonk/comments/mofkra/institutional_ownership_and_short_interest_proof/) + +\*DD to get a realistic understanding of Short Interest: + +* [Fake Shares to Millionaires Common Misconceptions of Short Interest](https://www.reddit.com/r/GME/comments/mmo9kw/from_fake_shares_to_millionaires_common/) +* [Mythbusters DD: Can We Set Share Price](https://www.reddit.com/r/GME/comments/mhjfee/mythbuster_dd_can_you_set_the_price_for_your/) + +[January was a 1500% increase](https://www.cnbc.com/2021/01/27/gamestop-mania-explained-how-the-reddit-retail-trading-crowd-ran-over-wall-street-pros.html) **and that wasnā€™t even the squeeze**. + +**The only thing that truly matters, is that by most conservative estimates, Short Interest is over 100%, and Apes own a significant portion of the float.** + +If even after all of this you STILL find yourself doubting, take a look back at the long term value. Or should I say, [the Deep Fucking Value](https://www.youtube.com/watch?v=GZTr1-Gp74U) + +And there you have it. The only doubts you should have left over should be about what champagne youā€™re celebrating with. + +As for your [exit strategy?](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/) + +[From \/u\/BinBender's Fake Shares to Millionaires](https://preview.redd.it/w1t2xj7v4ct61.png?width=730&format=png&auto=webp&s=8fd0f6a31b05979ca2943407ad50985ed86d0b15) + +[Look at what this community created.](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/) Look at the time and effort thatā€™s been put in. The DD is incredible. Take a moment to appreciate what ā€œdumb moneyā€ has accomplished. Thank you to every Ape here for being a part of this, from /r/WallStreetBets, to /r/GME, to /r/Superstonk, to every other sub. You all are truly amazing. + +The hard DD has been done. The only thing that can work against the squeeze now is the artificial limit you place on it. + +[Remember why you hold](https://www.youtube.com/watch?v=UMKNU04cMvU) + +[Remember](https://www.reddit.com/r/Superstonk/comments/mqmhnm/its_430_am_cant_sleep_read_the_dd_a_million_times/) [why](https://www.reddit.com/r/GME/comments/mqukfw/i_hodl_to_afford_my_transgender_surgery/) [the](https://www.reddit.com/r/GME/comments/m83920/this_is_why_i_hold_its_time_for_things_to_change/) [Ape](https://www.reddit.com/r/Superstonk/comments/mr4ec7/live_in_my_vehicle_this_is_my_bed_and_that_drink/) [next](https://reddit.com/r/Superstonk/comments/mo9bjt/this_is_why_im_holding/) [to](https://www.reddit.com/r/GME/comments/lur26s/why_they_hold/) [you](https://www.reddit.com/r/Superstonk/comments/moqsuv/why_i_will_hold_to_the_end_whatever_that_looks/) [holds](https://www.reddit.com/r/wallstreetbets/comments/lb1dj8/why_im_holding_gme/) + +And thatā€™s really all thatā€™s left to do: Hold for yourself, and hold for the Ape next to you. Thatā€™s the only way GME hits 10M. Itā€™s that simple. +I found MoonPaw like a week ago and the growth has been crazy so far, even without extensive marketing. + +&#x200B; + +The guys behind this did a livestream last weekend and donated $5000 to a charity, [Link](https://www.youtube.com/watch?v=RcC6vd-I8aE). They are also going to do one this coming weekend, where they are going to donate to a charity the COO of shopping.io suggested and creator of **Doge** seconded! + +&#x200B; + +[https://twitter.com/billym2k/status/1390760092098863118?s=21](https://twitter.com/billym2k/status/1390760092098863118?s=21) + +&#x200B; + +[https://twitter.com/moonpaw\_cc/status/1390869882280026112](https://twitter.com/moonpaw_cc/status/1390869882280026112) + +&#x200B; + +The devs are extremely active in the telegram, so feel free to come by and ask anything.šŸ˜Ž + + + +**Please read the info on the token below.** + +>MoonPaw was designed to bridge the gap between content, community and crypto! +Immerse yourself in our unique, digital universe (The Mooniverse) powered by the MoonPaw token. Holders get the opportunity to receive early access to comics, games, merch, NFTs, giveaways and can vote on our monthly donations for wildlife conservation and animal welfare efforts. +Token Information: +Max Supply: 1 Billion +Burned: 500 million +Transaction Fee: 6% +ā—ļøSet Slippage between 7-10% +āœ…A portion donated to wildlife conservation and animal welfare efforts +āœ…Liquidity Locked for 1 year +āœ…Ownership Renounced +āœ…Website already live +šŸ‘€Comics, Books and associated NFTs currently in production +Key Links: +šŸŒ–šŸ¾ MoonPaw website - [https://moonpaw.cc/](https://moonpaw.cc/) +šŸ“£ Socials: +[Telegram](https://t.me/MoonPawChat), [Twitter](https://twitter.com/moonpaw_cc), [Instagram](https://www.instagram.com/moonpaw.cc/), [Subreddit](https://www.reddit.com/r/moonpaw) + + + +From the Developer - *"So the goal of MoonPaw is to generate multiple streams of content creation for a variety of ages. We have designers working on comics and amazon books as we speak that will hopefully be ready for launch in a month or so. We have also made inroads into our plans to release a mobile game. All of our content and the associated NFTs can be accessed early by holders of MoonPaw for purchase as well. Weā€™re bringing crypto into every day life and forms of entertainment so that thereā€™s seamless integration between the two!* + +*And if we can also give back to wildlife conservation efforts in the process well thatā€™s a bonus! šŸ˜Š"* +Recently I was reading up on investing on mutual funds and I was hoping to receive suggestions on where I can learn more about it. So I saw the Icici prudential technology fund, where on the app it shows returns of 1 years at 113%. I know that this was the returns for last year and cannot be guaranteed this year. But according to the Calculator on the app it shows if I invest 5000 Rs my returns will reach up to Rs. 7000. So how much of this is true and possible. I know that returns fluctuate on the stock market performance. +I know there are many different options as to which trading API to go with, but what are the pros and cons of each? I'm looking for a free API or close to free API which has minimal delay and can execute orders fast. What are my options, and which API is the best in terms of a performance over cost ratio? +Hi All, + +I am relatively new to python compared to a lot of the content I see posted in this subreddit. While learning I have found it is much more engaging to work on projects that interest me. I am looking for python libraries that are used to pull and manipulate financial data. + +I have found lists like this: [https://financetrain.com/best-python-librariespackages-finance-financial-data-scientists/](https://financetrain.com/best-python-librariespackages-finance-financial-data-scientists/) but since I am doing this on my own I have no way of knowing if these libraries are actually used. + +I have been working with pandas and numpy the last few months and was wondering if there is anything else I should get familiar with. + +Thank you! +I recently moved to Australia from the US. When I opened a bank account I asked to get a credit card set up, but all their options were really bad! I thought it was just my bank of choice, but then looked online and it seems like credit cards here don't have as many advantages/rewards as in the US. I'm really curious why! + +For example: In the US I had two credit cards: + +* Neither had an annual fee. That wasn't something I'd sought out, the cards my bank offered to me just didn't have annual fees. +* Both had great rewards. One card gave me 3.5% cash back on grocery purchases and 1.75% cash back on everything else. The other card gave me 2 points for every dollar spent, which could be redeemed for travel purchases at a rate of 100 points = $1. +* They also both had bonus cash back/points if you spent a certain amount of money within the first 90 days of opening the account. + +From what I've seen in Aus, the closest thing are credit cards that give you points with a particular airline, which is pretty limiting. The cards I've seen also all have annual fees (sometimes waived for the first X months, but still). + +Is there some big difference between the Aus/US banking systems that explains why credit cards are so different? + +And before anyone else gets to it: yes I am a whingey seppo and I should go back to the US if I liked the credit card rewards so much, I know, I know. +I just happened to stumble upon a big sub I USED to frequent regularly, and I was pretty surprised to see how combative the comments are over there. Them them calling us conspiracy cultists vs. us calling them shills & bought out. + +Literally nothing good comes out of this. Don't poke them. If that sub really is bought out by bad actors, I promise you that sub is not the end of their influence on this site. Reddit admins have tools to know where you frequent and in what order, if they see a large amount of users from one sub posting to another sub, they can shut it down for brigading, even if there is no explicit posts suggesting to do so. + +Buy & Hold, that's it. Everything else is noise and does everyone and this sub in particular no good. +I'm very uneducated about economics, and I have two pretty stupid, but fundamental questions to ask. + +1. Why is inflation a good thing? If money is always becoming less valuable, who does this help? I know that fiat money makes the money supply more fluid, to allow responses to change in demand, but why does it always need to become less valuable? Couldn't it stay static? + +2. Currently world population is increasing, so obviously everyone wants to "grow the economy". What will happen to current economic philosophies (esp. regarding things like conservation, environmentalism, etc.) when world population starts to *decrease*? + +Thanks! +Iā€™ll start by saying Iā€™m very privileged to have had a good education, to have a job during this crisis, and that Iā€™m a reasonably high earner. + +I grew up as an only child with my working class mother after my stepdad passed away, and was lucky enough to have an education that set me up for a good career. + +Something I missed out on however, was financial literacy. My mum goes against pretty much everything this sub stands for, and that rubbed off on me. + +**Despite being a relatively intelligent person, I buried my head in the sand when it came to personal finance, even though I knew my actions were illogical.** + +Here are some of the bad decisions I made in the past +- failed a year of university out of laziness resulting in c. Ā£8,500 more student loan debt +- spending the Ā£3,000 in savings my dad had been topping up since I was born +- signing up for a part time degree that I was never going to complete (Ā£4,500 more debt) +- not paying off credit cards resulting in poor credit score and Ā£1,000s in interest +- default on household bills because I couldnā€™t be bothered to sort them out +- failing to transfer my pension when switching jobs resulting in paying higher rate tax on the pension amount being withdrawn +- saving Ā£0 in the first 7 years of my working life, despite earning ~Ā£350,000 in this time (pre tax) +- I never made a budget, and often wouldnā€™t even know what was in my bank account until I got an overdraft warning text + +I know that some people will read this and it will make them angry that someone can piss away this much money. Iā€™m sorry for that. + +What I want to show is that even people who earn a decent amount can have bad behavioural traits that result in them having little to save and negative outcomes later in life. + +**the positives** + +My (now) gf mentioned this sub around 5 months ago, and everything just clicked. Iā€™m 30, and I need to pull my head out of the sand and sort my finances out. I may have wasted 7 years, but thereā€™s no better time to change than the present. + +This sub has given me so much info through the flowchart, old posts, and most importantly responses from users on more nuanced issues. + +**key outcomes** + +I have gone from spending all of my take home income (~Ā£3,200) each month to spending half and saving half. Iā€™m living on a reasonable budget for where I was a few years ago. + +I have made all the possible changes to improve credit score. Defaults and missed payments will be on there for 6 years. It sucks. I hope that when I want to buy a house I can evidence the recent immaculate record (3 years from now) as well as regular savings. + +I track everything - spending is tracked in Yolt, and I have a spreadsheet for analysis of potential investments, student loan repayment, pension etc. + +I swapped my pension fund. + +I started looking for deals far more than normal, and have probably saved ~Ā£100 a month in bonuses, cashback, and smart spending. + +**the most important thing is that I feel in control of my finances, as well as my future. My planning has moved years into the future, rather than nothing at all. And I actually enjoy it - all the savings made are satisfying.** + +This has been a pretty nebulous post but I just wanted to share some of my experience, say thanks, etc. +I know it can range a lot, but I wanted to hear from people generally more frugal and/or budget conscious. If you google how much a newborn costs per month, the numbers just seem insane to me. I have a hard time believing the average amount a newborn costs is $1500 every month in the first year... + +I do want to keep it open ended and not focused on my exact situation, but I'll say that my wife is excited about being a stay at home mom and doesn't work currently, so I won't have to worry about daycare or a sudden decrease in our income. Based on what some of my coworkers have said, it sounds like daycare is their biggest expense. +I have over $500k in cash that I am looking to invest. + +As background, my net worth is relatively low compared to folks in the group. + +I have about + $1.25 million in taxable accounts, +$600k in retirement funds. +$ 700 k in cash + +In addition, I max out my 401k, add $125k a year to my deferred benefits and have about $2k a month auto investing to the market. + +Own the building my business operates out of. The building is worth a little over a $1M. I owe about $500 K in mortgage. + +I owe about $300k remaining on my home mortgage. + +I would like to keep $200k in cash as emergency funds but invest the rest. + +My concern is that I have a chunk of my yearly investments already going into the stock market bucket. + +Should I just put the $500k in the stock market or pay down my commercial/home mortgage or are there other options I should be considering? + +Edit: Thanks again for all of your fantastic feedback. I appreciate all of the replies and suggestions. The real world expertise in this group is amazing. + +Based on the discussions here, + +- I paid off my home mortgage yesterday +- initiated a structured pay off of the commercial property in 2 years +- started looking into fee based financial planners in the area to meet +- started researching MFH property deals in the area and looking to reach out to some broker contacts I have for this. + + +- +Last night, Citadel worked through the night. Their phone traffic started ~1 hour before crypto crashed (no comment on that yet, just noting timing). They kept going, phone traffic increased enough that people drove to verify indeed lights were on. + +[This started the discussion, their phone traffic showed them at work](https://www.reddit.com/r/Superstonk/comments/mt4j8w/shitadel_hq_oddly_busy_right_now_on_a_weekend/) middle of the night Saturday. + + +[Then traffic kept increasing](https://www.reddit.com/r/Superstonk/comments/mt85ej/google_says_there_is_more_activity_at_citadel_hq/) + +When the phones were posted increasing, [a guy decided to drive](https://www.reddit.com/r/Superstonk/comments/mt85ej/google_says_there_is_more_activity_at_citadel_hq/guy5001?utm_source=share&context=3) to drone record it... [look at citadels building at 4 AM all lit up](https://www.reddit.com/r/Superstonk/comments/mt8m63/mission_chimpossible/) this morning + +TLDR; [OP above record this video](https://m.youtube.com/watch?v=ct5OjZdehZU) and one more. Lights on at the top, phones busy on Google so... + + +They got caught, [they removed their hours so you can't see when they are working (which is measured by phone traffic)](https://www.reddit.com/r/Superstonk/comments/mt9ycy/shitadel_got_caught_working_late_now_open_for_24/) + + +Then *a second person* [went to verify it, lights on indeed](https://www.reddit.com/r/Superstonk/comments/mt9jno/420am_at_shitadel_headquarters/) + +A [hotel near also verified it was lit up](https://www.reddit.com/r/Superstonk/comments/mt91xx/the_entire_citadel_building_is_glowing_at_430_am/) + +Later [confirmation Kenny boy worked til almost sun up](https://www.reddit.com/r/Superstonk/comments/mtddmi/confirmed_32_floor_is_ken_griffins_shitadel_lower/) at a minimum if that post was fresh. + +&nbsp; + +Oh if you are curious, [JPMorgan was a busy boy too](https://www.reddit.com/r/Superstonk/comments/mt6rx7/citadel_working_late_spinoff_jp_morgan_has_a_red/) + +Let's not [leave out, BofA having a rough night also.](https://i.gyazo.com/95a15c236e76fa6a225cea50017d4d01.png) + +&nbsp; + +***Edit:*** and now [London stock exchange is heating up](https://www.reddit.com/r/Superstonk/comments/mtfxp0/it_seems_pretty_odd_the_london_stock_exchange_is/) + +&nbsp; + + +***Edit 2:*** [Amsterdam exchange heating up](https://www.reddit.com/r/Superstonk/comments/mthnma/in_response_to_the_london_financial_district_tube/) *(during lockdown on a Sunday)* + +As well [as Dubai exchange](https://www.reddit.com/r/Superstonk/comments/mtj6yv/dubai_financial_centre_train_station_busier_than/) + +&nbsp; + +***Edit 3:*** And [Spain decided they like working weekends now](https://www.reddit.com/r/Superstonk/comments/mthpsk/also_happening_near_the_madrid_spain_stock/) + +And [Hamburg, Germany has decided to put down the beers and go work on Sunday](https://www.reddit.com/r/Superstonk/comments/mthxd1/update_hamburg_de_finance_district_unusual_high/?utm_medium=android_app&utm_source=share) + +[Toronto exchange too](https://www.reddit.com/r/Superstonk/comments/mtf0ip/transit_station_in_toronto_business_district_is/) (*during lockdown*) + +[Goldman Sachs *possibly* joining the fiesta](https://www.reddit.com/r/Superstonk/comments/mtj24h/brookfield_place_a_ferry_terminal_near_goldman/) + +&nbsp; + +EDIT 4: [Amsterdam bank execs working the weekend away too](https://www.reddit.com/r/Superstonk/comments/mtkv4u/abn_amro_headquarters_in_amsterdam_top_floor/) + +And [JPMorgan Copenhagen, Denmark](https://www.reddit.com/r/Superstonk/comments/mtk4sp/busier_than_usual_also_in_copenhagen_denmark_in/) + +Well... [Toronto is heating up fast](https://www.reddit.com/r/Superstonk/comments/mtkibf/busy_in_toronto_bay_st_canadian_wall_st/) for a lockdown. + +&nbsp; + +***Edit 5:*** It appears [Deutsche Bank has entered](https://www.reddit.com/r/Superstonk/comments/mtlpj6/deutsche_bank_hq_train_station_reporting/) the ring. + +And [Citadel London appears to be available for a call with Chicago](https://www.reddit.com/r/Superstonk/comments/mtkvl9/moorgate_and_liverpool_street_tube_station_both/) + +[Danske Bank has joined](https://www.reddit.com/r/Superstonk/comments/mtlzu9/also_in_dk_more_than_usual_at_metro_station_at/) + +[Frankfurt's main banking district is having one hell of a Sunday night covid party too](https://www.reddit.com/r/Superstonk/comments/mtlnhy/also_at_frankfurt_germanys_main_banking_district/) + +[Citadel Chicago is still there, so how's the London team doing?](https://www.reddit.com/r/Superstonk/comments/mtljcf/there_are_more_people_there_now_then_the_busiest/) uhhh... want to comment on [the paper shredder situation? Citadel?](https://www.reddit.com/r/Superstonk/comments/mtlhf4/has_any_checked_if_there_are_paper_shredders_in/) + +&nbsp; + + +***EDIT 6:*** There's a livestream for [the clearing house building Citadel uses in the Netherlands, it's lit up like Christmas](https://www.reddit.com/r/Superstonk/comments/mtmo0w/live_feed_of_the_zuidas_location_of_abn_amro_one/).... *on a Sunday night during the pandemic* + +And [London still going strong into the night](https://www.reddit.com/r/Superstonk/comments/mtm6ir/canary_wharf_station_in_london_busier_than_any/) + + [*Brazil has entered the chat*](https://www.reddit.com/r/Superstonk/comments/mtmoil/brazilian_bankers_working_hard_on_a_sunday_night/) + +OK... let's see [if the top 10 hedge funds are paying attention...](https://www.reddit.com/r/Superstonk/comments/mtmwaq/after_seeing_all_that_activity_data_i_found_a/) + +&nbsp; + + +***Edit7:*** [Citadel Toronto and the TSX are heating up for the evening, on a cozy Sunday covid full lockdown evening. ](https://www.reddit.com/r/Superstonk/comments/mtnqq4/high_activity_at_citadel_toronto_toronto_stock/) and *turned off their phones,* says the comments. + +[Deutsche Bank, Frankfurt still there chugging away at 1AM](https://www.reddit.com/r/Superstonk/comments/mto98k/deutsche_bank_in_frankfurt_seems_busy_as_well/) + +[Citadel, JPMorgan, BofA are ready for more](https://www.reddit.com/r/Superstonk/comments/mto52j/looks_like_our_boys_are_busy_again_tonight/) + +There's also [reports of the Paris financial district going after 1AM and *there's a curfew there*](https://www.reddit.com/r/Superstonk/comments/mto1lh/unusual_traffic_in_some_metro_stations_near/) + + +&nbsp; + +***Edit 8:*** [Credit Suisse in Zurich going past midnight too](https://www.reddit.com/r/Superstonk/comments/mtoa1o/credit_suisse_in_zurich/) + +[*HI Citadel interns*](https://www.reddit.com/r/Superstonk/comments/mto8db/google_trends_has_a_handy_little_tool_superstonk/) it's not too late to get out. + +[London stock exchange is red hot now](https://www.reddit.com/r/Superstonk/comments/mtoau6/london_stock_exchange_currently_has_a_huge_spike/) + +[Lights are on at Deutsche Bank](https://www.reddit.com/r/Superstonk/comments/mtp3mu/deutsche_bank_investigation_of_high_activity/) *at 1AM* + + +&nbsp; + + +***Edit 9:*** [Mexico city banks sure like coffee before bed](https://www.reddit.com/r/Superstonk/comments/mtpnn8/coffee_shops_busier_than_usual_near_big_banks_in/) + +[London going strong at 2AM](https://www.reddit.com/r/Superstonk/comments/mtpm9o/londons_financial_hub_is_looking_busy_tonight/) + +[No signs of BofA tower slowing](https://www.reddit.com/r/Superstonk/comments/mtpsa7/boa_tower_is_hella_busy_what_can_they_be_up_to_so/) + +[Actual traffic at Bank of England at 2AM?](https://www.reddit.com/r/Superstonk/comments/mtpvif/2am_traffic_is_busy_around_the_boe_but_nowhere/) + +[Shoutout to Citadel Boston in the house](https://www.reddit.com/r/Superstonk/comments/mtpyo8/boston_mass_checking_in_state_street_station/) + +&nbsp; + + +***Edit 10:*** [Frankfurt at almost 4AM](https://www.reddit.com/r/Superstonk/comments/mtgr19/a_breakdown_of_citadels_overnight_activity/gv1amxl?utm_medium=android_app&utm_source=share&context=3) (Deutsche Bank + UBS) + +The [entire London banking district is throwing a 3AM block party it appears](https://www.reddit.com/r/Superstonk/comments/mtqreu/canary_wharf_london_financial_district_lit_up/) + +[Citadel going strong](https://www.reddit.com/r/Superstonk/comments/mtqyyl/looks_like_theyre_busy_tonight_too/) + +[Uhhhh the Federal Reserve Bank is ordering coffee? And planning a long night?](https://www.reddit.com/r/Superstonk/comments/mtqyhk/this_time_the_federal_fucking_reserve_bank_subway/) + +[JPMorgan Chase now in on it](https://www.reddit.com/r/Superstonk/comments/mtrcuu/jp_morgan_chase_busy_at_10pm_est/) + +[A few lights are on up in Toronto banks](https://www.reddit.com/r/Superstonk/comments/mtrngl/recon_team_6ix_toronto/) + +[A wide shot of Toronto financial district](https://www.reddit.com/r/Superstonk/comments/mtrr44/toronto_financial_district_lit_up_like_a/) + +&nbsp; + +***E11:*** [BofA Houston is awake at 9PM](https://www.reddit.com/r/Superstonk/comments/mtsko2/houston_financial_district_boa/) + +[London financial district, tonight 4AM vs a week ago](https://www.reddit.com/r/Superstonk/comments/mtsjbv/canary_wharf_this_morning_at_430_am_second_image/) + +[Citadel is still up and at it](https://www.reddit.com/r/Superstonk/comments/mtsr31/why/) + +Ok so.. [the lawyers that represented the Federal Reserve Bank in 2008 are awake at midnight](https://www.reddit.com/r/Superstonk/comments/mtszx0/leading_law_firm_in_financial_services_regulation/)... *that's fine right?* +There are a lot of posts on this sub asking for online broker recommendations. + +Iā€™ve commented on a few of these posts suggesting that if youā€™re not doing any exotic or exciting trading, brokers are essentially commodities that all offer the same (or a very similar) service. + +If you think thatā€™s true, the main thing you should consider when choosing a broker is the cost. + +But because of the tiered pricing structure of many brokers, it becomes difficult to make recommendations without knowing the average trade size of an individual. + +Realizing this I did an [analysis of brokerage based on trade size](https://i.imgur.com/Ehvj6Oi.png). (Green is cheap. Red is expensive.) + +There are two things wrong with this: + +1. It doesnā€™t tell you who the cheapest broker is (because the colours are vague) +2. I did this some time ago and new brokers have started since + +I wanted to make a better, more permanent solution. + +So I created a website called [**TradeCost.io**](https://tradecost.io/best-online-share-trading-platform-comparison-australia/) + +On this site you can enter any trade size you want up to $1,000,000 (the default is $1,000). + +Based on the trade size you enter, the brokerage fee for each online broker is calculated and the table rearranges to order them from least to most expensive: + +[**Example of table sorting**](https://i.imgur.com/LnaLIGA.gif) + +If you need extra features or youā€™re trying to choose between two brokers Iā€™ve provided some standard information about each broker including: + +- Fee structure +- Instruments you can trade +- Whether you can access international markets +- CHESS or Custodian +- Attached account details +- Platform and inactivity fees +- Live data pricing +- Mobile app details + +[**Example of info popup**](https://i.imgur.com/6p3dDb9.gif) + +Some of the cheaper brokers require you to meet specific criteria to access better pricing, so make sure you check those details in the ā€˜Fee structureā€™ info. + +A perfect example of this is Saxo who offer ā€˜Classicā€™, ā€˜Platinumā€™, and ā€˜VIPā€™ with each of these tiers available as either participant-sponsored (CHESS) or issuer-sponsored (Custodian): + +- Classic = Initial deposit is between $3,000 and $50,000 +- Platinum = Initial deposit is between $50,000 and $1,000,000 +- VIP = Initial deposit is over $1,000,000 + +I tried to be fair by including every broker I could find. + +Some brokers who would otherwise be on the list have been excluded because when I called them they werenā€™t really interested in taking clients who only wanted to trade shares. These were mainly CFD and FX brokers that offer share trading as an additional service to their clients. + +If you think Iā€™ve missed a broker or if any of the info on a broker is incorrect, please let me know. I tried to be thorough and called each broker to confirm the additional information so hopefully there arenā€™t too many issues. + +I hope people enjoy the site and it helps you out. + +Iā€™m all ears on ways it can be improved so please provide feedback in the comments :) + +--- + +Just as a heads up the SelfWealth link is my referral link. I donā€™t make money if you sign up, I just get some free trades. +So now that ā€˜black Fridayā€™ is here, and I know a lot of people say itā€™s a cop out~ but since this sub loves a deal, I thought it would be good to have a post where people can list some good deals.. Iā€™m currently looking at an iPhone 12 pro from vodaphone, Ā£66 a month for unlimited data (I use a lot). +Hello! + +This is my first post on this subreddit, so if I've broken any rules or such please just let me know and I'll edit / take-down the post. + +Let me give you some background; + +I am 22 and I've just finished university, I was working for a year as a part time software engineer and I plan to recieve a job offer in September for a full time position with an estimated salary of Ā£40-50k before tax. + +I recently lost around half of my savings with the Terra Luna crash so for fun me and my friends put in Ā£50 to an online casino to try to win as much as we could. + +Well, I think I used up all my luck for the century because I made around Ā£20,000 which was about 4x what I had saved previously. I don't plan on gambling again and I have withdrawn the money into a pot on Monzo. + +As for the advice I am seeking - I will be looking to purchase a property within the next 1-3 years and I wanted to know if you guys recommened trying to save as much as I can for a deposit first, or if I should try to get on the property ladder as quick as possible with my current Ā£20,000. I've heard any LTV under 10% is probably a bad idea but I wanted to verify it myself. I don't really know anything about buying a house or if there are any better ideas of what I can do with that money. + +If you guys were in my situation, what would you do? My current plan is to move back to my family home after this summer and work from home with my software engineering job until I have around 40k saved, which I will then use to put down for a mortgage. Is there a better idea than this? Please let me know :D +Hey guys, + +As you may have noticed there's been a recent sell off for the stock VERY. Its been seeing massive increases based on news. Well....that is true but you may ask why? If you haven't seen the recent press release news by the company, I will attach the link here: + +[https://finance.yahoo.com/news/very-good-food-company-issues-201600009.html](https://finance.yahoo.com/news/very-good-food-company-issues-201600009.html) + +What this means is there's been a lot of youtubers with a following that claimed to have been promoted by the stock or basically pumping it. Here is an example of someone buying and then dumping with a following on youtube: + +&#x200B; + +1. [https://www.youtube.com/watch?v=jBwbEE0MBxY](https://www.youtube.com/watch?v=jBwbEE0MBxY) +2. [https://www.youtube.com/watch?v=zV1a6IsL2rU](https://www.youtube.com/watch?v=zV1a6IsL2rU) + +&#x200B; + +My two cents: A lot of these youtubers communicate among each other and I believe its a simple pump and dump. The big catalyst is whether the marketing company hired by VERY did pay a youtuber to discuss about the stock which I think is unlikely since yes the stock is a penny stock but their product and growth financially are impressive. If that youtuber lie then you will see a possible lawsuit and SEC going after some of these guys which I hope so cause thats basically the same as inside trading + +&#x200B; + +Please take this with a grain of salt as I'm not a professional in assessing stocks nor is my opinion stronger than others + +&#x200B; + +Thanks +Hello Canadian Investors. + +I'm living in Toronto and my landlord indicated he's interested in selling the place. + +I make $93,000 a year full-time & $15,000 to $20,000 Part-time (moonlighting as an uber eats driver) + +Investments in Questrade $44,000 / WealthSimple $52,000/ BMO - $38,000 and Sunlife $12,000 + +&#x200B; + +Currently Im paying $1475.00 per month for rent (got it 4 years ago before it jumped) + +Additional Expenses + +Car Payments (4% interest) - $250 a month + +Investment Loan - $315 a month ($13,725 owing - 4%interest) + +Credit Card - $200 owing + +These are pretty much my biggest expense items outside of food and utilities. + +&#x200B; + +I'm thinking of buying a place in the next 6 months but real estate prices dont seem to be dropping with the interest rates being so low. + +&#x200B; + +Should i continue to invest in the market and just find a place to rent or take out a loan that puts me in the negative by $300K to $500K but i would work towards owning an asset. + +Thoughts? +I know that conducting too many trades in a TFSA is likely to cause a CRA audit but Iā€™m honestly not sure what constitutes a ā€œtrade.ā€ Is every transaction a trade, or just sell transactions? I have a lot of buy transactions, and very few sells. + +I just got into investing this year and didnā€™t have the confidence to go all in on anything so Iā€™ve just been dollar cost averaging into a bunch of dividend stocks and a couple ETFs . Everytime I receive dividends I immediately put them into VFV fractional shares. Due to this in addition to buying often (I buy something almost every day) Iā€™m worried this would be considered day trading. I do have a few stocks I sold out of after changing my mind on them. + + +If I purchased a stock almost everyday and am now looking to sell them all for a significant profit (50%), is this going to be considered day trading? +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +DRS with Computershare is having a substantial impact! Keep it up! Citadel's leaked memos, and the intense heat on Kenneth Griffin clearly rattled them, hence the wordsmithed tweets indicating that *Citadel Securities* (was it a subsidiary?) did not *ask* (was it an order?) Robinhood... on *January 27th* (when did it actually happen?). That two individuals didn't meet or speak. These are the first tweets that Citadel Securities has posted since the sneeze, but they are not for us. + +These are the tweets of a man who has spent tens or hundreds of millions of dollars buying Congresspeople's favor, and is desperate to keep them on his side. They cannot ignore his crimes much longer if we continue to expose them and demand justice. + +Apes, our DiamantenhƤnde have led us to this point, the day we've been waiting for is approaching. Keep calling Congress, exposing Kenneth Griffin's lies. Keep directly registering shares via purchase or transfer to Computershare, extracting them from the DTCC and making them unavailable to use for price manipulation. The moment is so close and our individual actions are having a huge impact - let us not allow this momentum to fade! + +Today is Tuesday, September 28th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$189.65 / 162,12 ā‚¬** *(volume: 1037)* +- šŸŸ„ 115 minutes in: $189.92 / 162,35 ā‚¬ *(volume: 1034)* +- šŸŸ© 110 minutes in: $189.95 / 162,38 ā‚¬ *(volume: 1033)* +- šŸŸ„ 105 minutes in: $189.93 / 162,36 ā‚¬ *(volume: 1032)* +- šŸŸ© 100 minutes in: $190.05 / 162,46 ā‚¬ *(volume: 1019)* +- šŸŸ© 95 minutes in: $189.86 / 162,30 ā‚¬ *(volume: 1014)* +- šŸŸ© 90 minutes in: $189.77 / 162,22 ā‚¬ *(volume: 1014)* +- šŸŸ© 85 minutes in: $189.73 / 162,19 ā‚¬ *(volume: 909)* +- šŸŸ© 80 minutes in: $187.84 / 160,57 ā‚¬ *(volume: 883)* +- šŸŸ© 75 minutes in: $187.78 / 160,53 ā‚¬ *(volume: 781)* +- šŸŸ© 70 minutes in: $187.75 / 160,50 ā‚¬ *(volume: 761)* +- šŸŸ„ 65 minutes in: $186.58 / 159,50 ā‚¬ *(volume: 731)* +- šŸŸ„ 60 minutes in: $188.53 / 161,16 ā‚¬ *(volume: 656)* +- šŸŸ„ 55 minutes in: $188.66 / 161,28 ā‚¬ *(volume: 636)* +- šŸŸ© 50 minutes in: $188.97 / 161,54 ā‚¬ *(volume: 636)* +- šŸŸ„ 45 minutes in: $188.94 / 161,51 ā‚¬ *(volume: 529)* +- šŸŸ© 40 minutes in: $188.97 / 161,54 ā‚¬ *(volume: 525)* +- šŸŸ„ 35 minutes in: $188.91 / 161,49 ā‚¬ *(volume: 525)* +- šŸŸ„ 30 minutes in: $188.97 / 161,54 ā‚¬ *(volume: 508)* +- šŸŸ„ 25 minutes in: $190.24 / 162,62 ā‚¬ *(volume: 204)* +- šŸŸ© 20 minutes in: $190.46 / 162,81 ā‚¬ *(volume: 54)* +- šŸŸ„ 15 minutes in: $190.31 / 162,69 ā‚¬ *(volume: 51)* +- šŸŸ„ 10 minutes in: $190.36 / 162,72 ā‚¬ *(volume: 41)* +- šŸŸ„ 5 minutes in: $190.46 / 162,81 ā‚¬ *(volume: 35)* +- šŸŸ© 0 minutes in: $190.52 / 162,86 ā‚¬ *(volume: 34)* +- šŸŸ© US close price: $189.48 / 161,98 ā‚¬ *($190.48 / 162,83 ā‚¬ 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 1.1698. 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) + +DiamantenhƤnde 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! +&#x200B; + +[VIX is up 30&#37; total yesterday and over night, last time it hiked as much was in january\/march 3-4th](https://preview.redd.it/94v22zzd2hy61.png?width=730&format=png&auto=webp&s=e2908b7b0e8856d61dc7f41a727720590ad28868) + +&#x200B; + +Key Takeaways. The Cboe Volatility Index, or **VIX**, is a real-time market index representing the market's expectations for volatility over the coming 30 days. Investors use the **VIX** to measure the level of risk, fear, or stress in the market when making investment decisions. + +&#x200B; + +" The **VIX** spiked by as much as 48.1 percent to a high of 62.12, a level last seen **during** the **2008** global financial crisis. Since 1990, there have only been 14 episodes where the **VIX** has spiked above 32.7, according to Bank of America. The **VIX** topped out at 89.53 **in** October **2008**. " + +&#x200B; + +Take what you want from this ape and use it in your thorough research with the DD provided but tits r jacked! + +&#x200B; + +&#x200B; + +[shes trending quite fast](https://preview.redd.it/fljvt8qt2hy61.png?width=276&format=png&auto=webp&s=f638f8f9b795174551af29025f7779d95fc654ec) + +[update, BRrrrrrrRrrrrrrrrrrrrr](https://preview.redd.it/5viooz4lkhy61.png?width=246&format=png&auto=webp&s=9ead59ab5f7fa21660514f96dd7c2d4d34aa4ba6) + +[buckle up apes its gonna be a bumpy open](https://preview.redd.it/ezypp8wslhy61.png?width=251&format=png&auto=webp&s=39ca6e57efb66f3a7f9f2ef0c0e2bc88055a2b54) + +[chugga chugga chugga choo choo](https://preview.redd.it/a3ozs0kfaiy61.png?width=251&format=png&auto=webp&s=68e28ca44d4a12818f0f5ba1d47b5c89bb7f0cd7) + +&#x200B; + +[COMPARISON TO $GME courtesy of u\/king\_tchilla](https://preview.redd.it/06nif7nnnhy61.png?width=1242&format=png&auto=webp&s=2d3e7fec45d2f6790837fcc51aa390d40737285e) + +&#x200B; + +&#x200B; + +HEDGIES R FUKD +Youā€™ve been keeping your GME shares at your broker for as long as you can remember. Despite all the warnings your fellow Apes gave you about how shares arenā€™t safe at brokers, you didnā€™t believe anything could happen to you. You read many posts just like this, trying to warn you, but you choose to have wishful thinking and instead believed the anti-DRS comments under this post. + +After several months of countless Apes registering their shares in their own name, an announcement comes from Computershare: ā€œThe entire GameStop float has been locked. We can no longer accept any more orders. Thank you.ā€ Many Apes that didnā€™t DRS in time express their grief that their shares are stuck with their brokers and cannot be registered and protected. You realize that every Ape that registered their shares is safe, and youā€™re left gambling on the trust you have with your brokerā€¦ + +The next day you wake up late in the morning after a long sleep and check your phone. You have 34 text messages from friends telling you GME has exploded and the squeeze has started. Excited, you check the price of GME and see it jumped to $82,000 from $400 in just a few hours and is going straight pass $1 million at a fast rate. This is your time now, youā€™re going to have enough money to provide for your family for the rest of your life and build your own legacy with this newly obtained wealth. + +You won. + +You check the rest of your notifications and see you received an email from your broker. You read it. + +ā€œWeā€™re emailing you to inform you that your 72 shares of GME have been sold at a price of $390.40 at 9:31 EST. If youā€™d like to learn why, you can message us at [ā€¦]ā€ + +You realize your broker sold your shares without your permission a few minutes before the short squeeze began. +Panicking, you message your broker multiple times asking why they sold your shares without your permission, demanding an explanation and calling them criminals. + +*No response + +You check r/Superstonk and see all the Apes celebrating their victory as the price of GME is now at $491,000 and climbing. You donā€™t know what to do anymore. Your heart is racing, your future wealth was stolen from you under your feet and you have no words to describe the pain. + +Days go by and still no respond from your broker. You check the GME price and see itā€™s at $2.5 million and still shooting up. Instead of joy, you feel agony seeing that price, knowing you wonā€™t get a piece of the unprecedented fortune... + +-Months Later- + +You join a class action lawsuit against your broker to get at least a portion of the money you lost from them, but you agreed to this when you used their platform. You didnā€™t read their terms of service and by being a beneficiary holder you were taking on their losses. It doesnā€™t matter anyway because they declare bankruptcy soon later. You know even if you win the suit against them, youā€™re never going to see that money you lost. + +-20 years later- + +Your children are reading the history books, learning about the economic crash of 2022 that took down several hedge funds and propelled the price of GME up 1,000,000%+. They ask you ā€œwerenā€™t you part of this movement? Why didnā€™t you become rich like the others?ā€ + +You tell them, ā€œI was supposed to, but I chose not to register my shares. I trusted my broker with my future instead of my own name and they stole it all from me." + + +-The End- + + +Disclaimer: This is not financial advice. Weā€™re all individuals free to make our own financial decisions. Always read the Terms and Services when money is involved. The rules allow broker to take your money and give you nothing. When they lose they simply change the rules. + + +This was originally posted here https://www.reddit.com/r/Superstonk/comments/rcbw7b/wanna_hear_a_scary_story/ +So after three years waiting for our dream apartment to show up in our suburb, it has finally happened. It's a unique 2 bedroom 2 bath 1 car penthouse apartment. There is nothing like it in the surrounding suburbs. + +As I have access to RPDATA, I was able to find out the last sold price was $1.34M in Feb 2019. We inspected the apartment and fell in love with it immediately. The owner renovated it with luxury fittings, all the bells and whistles. The renovations itself would have added $50k - $100k to the value. As there has been no comparable sales since it was last sold in 2019, I can only compare it with 3 bedroom 2 bath 2 car penthouse apartments that have recently sold. They have sold from $1.53m - $1.85m. The most expensive 2 bedroom apartment sold for $1.27M in May and before that another sold for $1.28M in Oct 2020. However neither of these are comparable as they're not penthouses and no where near as impressive in terms of fixtures, fittings and size. For this reason I estimate the apartment to be worth around $1.5M. + +The apartment is listed for auction and instead of providing a price guide, the agent is telling everyone the auction bid will start from $1M. The ad listing on real estate and domain will also show up with a maximum $1M search filter. If it was last sold for $1.34M 2 years ago why would bidding start at $1M!? + +I'm not 100% on the under quoting laws in NSW but isn't this a blatant way of working around the laws by saying the auction will start from $1M instead of providing a price guide? Also showing the ad to people searching up to $1M. Is there anything I can do to stop them from wasting so many people's time and money thinking they might have a chance when it's going to sell for 40%-50% more than what they were led to believe? It simply blows my mind how agents are getting away with this. +So I found out about technical analysis today. Currently looking into RSI and it looks like a very useful tool to help with when to sell a CSP or CC and can help choose the strike. I know this is just an idea and not something thats set in stone but it does give a nice insight. So besides RSI what other tools do you use? +I realized I had been looking at the ATM time decay curve, where time decay accelerates into expiration. In the OTM curve, most of the decay is 45-21 days, then it slows down. Tastytrade has videos and graphs on this. + +So will my annualized returns be higher if I trade in the 45-21 day period instead of 5-10 DTE? + +Tom says to manage at 50% or 21 DTE. I understand closing at 50%. But does that mean rolling to 45 DTE when 21 DTE is reached, whether I am up or down on the trade? Should I roll for a big credit and be aggressive, or roll for even and be very conservative to avoid assignment? Would prefer to avoid rolling for debits. I usually open around Delta 12, typically well outside of the expected move. + +Thanks, I believe this is advanced material here + +Edit: 2 tasty photos + +[https://www.tastytrade.com/shows/market-measures/episodes/atm-vs-otm-decay-curves-12-16-2020](https://www.tastytrade.com/shows/market-measures/episodes/atm-vs-otm-decay-curves-12-16-2020) + +[https://www.tastytrade.com/shows/market-measures/episodes/option-decay-atm-vs-otm-07-29-2020](https://www.tastytrade.com/shows/market-measures/episodes/option-decay-atm-vs-otm-07-29-2020) + +[ATM curve for time decay](https://preview.redd.it/f4dhltp0jm481.png?width=693&format=png&auto=webp&s=58ab7ee997b2f879e60c9408badd0c3e190213f9) + +[OTM curve for time decay](https://preview.redd.it/s15lkwp0jm481.png?width=693&format=png&auto=webp&s=b49263386b5bb96d192f632c685d57b65019a50c) +Hey everyone! + +I am thoroughly confused as to why they are dropping the price so much. + +I know people say it's to reduce FOMO, but I feel like they would need data to back up that this actually works. Else, they are making it cheaper to FOMO in and also cheaper for current stock holders to buy more and DRS. + +I mean I'm looking at the alternatives: + +- Let the price go up and make it harder for people to FOMO in / buy more. However, this may lead to a margin call if that target price is $200. + +- Keep the price the same, which really doesn't improve or lessen FOMO or buying (we doing regardless) + +- Drop the price and help people lower their average (I bought 4 today, it's not much but it's honest work), Get more stocks for our budget, and allow people to FOMO in when it's the right time at a lower cost. + +This also matches the MSM schedule of DON'T BUY GAMESTOP and STOCK SPLIT DOESN'T EXCITE SHAREHOLDERS (Narrator: It's not a split and it does) but I've still been able to send people information on the Stock Dividend and they are still buying. + +I guess what I'm trying to say is, is there any DD or Possible DD that I can take a look at for this price drop to figure out why they are stupidly dropping the price? + +Normally we can find out a reason for just about everything with our favorite stonk but for the life of me, I can't figure out why they are doing this. + +They literally borrowed a shit ton of shares to drop the price (looks at chart) 10%. Also, where the f*ck are these shares coming from? + +If anyone has any neat ideas on why they may be doing this, I'm all ears. + +HedgiesRFukd. DRS Your Damn Shares. šŸš€šŸš€ + +Thank you all :) +A lot of folks ask a lot of questions in /r/personalfinance on a daily basis about ā€œI inherited $Xā€¦ā€, ā€œWe have saved $Xā€¦ā€, ā€œWhat should I do with $X amount from my tax refundā€¦ā€. All these boil down to the same question: ā€œWhat should I do with $Xā€ or, more basically, ā€œHow should I handle my money?ā€ + +And the #1 answer is: read [the Prime Directive](https://www.reddit.com/r/personalfinance/wiki/commontopics). The sidebar contains a bunch of valuable links, but probably none as important and oft-referenced as the Prime Directive, a wiki which tells you in step-by-step format (and even has infographic [here](https://i.imgur.com/lSoUQr2.png) and a simpler version [here](https://i.imgur.com/fb7Dtmh.png)!) *exactly* what to do with any amount of money you may have. + +Some dispute its effectiveness and why some shouldnā€™t follow it (emotion, risk tolerance, increased cash flow, etc.), but the fact of the matter is that **following the prime directive in the order listed will generally yield you the most bang for your buck** (read: the least amount in your money paid to other parties / the most amount of your money kept, and the best strategy for earning more money with that money). + +While the wiki does a great job of explaining exactly what to do and in which order to do it, there are also some pretty valid reasons as to ***WHY*** you should do it in the order listed (some of which are explained in the wiki and some of which arenā€™t). Iā€™d like to take a second and elaborate on the ones that make the most sense to me (and hopefully others) below. + +----- + +***Note: this is by no means an exhaustive list nor a 100% correct one, but just my thoughts on the matter, and Iā€™ll edit it with additional info as/if other comments come in.*** + +----- + +#Question: ā€œWhy should Iā€¦ā€ + +#Step 0: Budget and reduce expenses, set realistic goals + +**Answer: to know how best to spend your money, you need to know where your money is going in the first place.** Budgeting allows you to see where youā€™re spending your money and allows you to see where you can cut back and reallocate funds towards the higher steps listed here for the most efficient use of the funds you have. + +#Step 1: Build an emergency fund + +**Answer: to ensure real emergencies don't become financial emergencies.** If something unexpected comes your way (job loss, home/car maintenance, unexpected travel, medical emergencies, etc.), you donā€™t have to worry about what credit-affecting monthly minimum you'll have to forego. Youā€™ll have the financial security of knowing that you have quick access to funds that will allow you to at least pay for your minimum necessities: utilities, rent/mortgage payment, car payment, monthly minimum credit card payments, etc. + +#Step 2: (Take advantage of) employer-sponsored matching funds + +**Answer: itā€™s free money.** If youā€™re lucky enough that your company offers you a retirement savings plan and even more lucky enough that they also match it, you should take full advantage of that match. But, getting to the heart of it, the number one thing I see is folks questioning ā€œWhy should I do this before paying down my debt?ā€ Short answer, again: itā€™s free money. Long answer: whatever the match rate your employer is offering you is a guaranteed return on investment (ROI), and one thatā€™s likely a far better ROI than paying off that 5% car loan, or a 4% mortgage, or even paying down that 15% credit card balance youā€™re holding. (Note: by paying off a debt amount at X%, that's a guaranteed return on investment of X% on that same amount, so it can be compared to the ROI you would receive elsewhere in other investments.) + +For example, as my employer does, if your employer matches 25% of your contributions up to $4000 and you contribute that max of $4000 each year, your employer is simply handing you another $1000 in free money every year. Thatā€™s a guaranteed 25% ROI (not to mention the gains that money will have in the market over time), versus with the ROIs just mentioned. + +Hell, even if you don't invest a penny of it and/or it's a matching HSA contribution or something similar, it's still likely a higher ROI than if you were using that money to pay down debt that's at a lower interest rate than the match rate. + +#Step 3: Pay down high-interest debts + +**Answer: because of the stock market.** This is the step that probably makes the least sense to folks and leaves them asking ā€œWhy just my high-interest debts?ā€ The long answer: the benefit of paying off low-interest debts (commonly referred to as anything with <=4% interest rate, though Iā€™d personally suggest and use a figure closer to 5-6%) is generally probably not going to outperform the ROI you would get if you put that money in to the stock market which has a historical average return of ~7%. So, essentially, the money saved by paying off that 3% loan when you could have invested that money at (at least) 7% (and thus yielded a 4% net gain, or 7% - 3%) isnā€™t the most beneficial choice financially. + +However, queue the often-stated disclaimer of ā€œPast performance is no indication of future results.ā€ and to quote the Prime Directive specifically: ā€œWhile this has been true in the past, keep in mind that paying down a loan is a guaranteed return at the loan's interest rate. Stock performance is anything but guaranteed.ā€ Basically, that means to invest at your own risk: a 7%+ return is no guarantee, which leads some to have some doubts and modify this step to pay off ALL debts prior to investing further, which generally isn't the most financially beneficial thing to do. + +#Step 4: Contribute to an IRA +#Step 5: Save more for retirement +#Step 6: Save for other goals + +**Answer: again, because of the stock market.** Same as above, the money invested is likely still going to yield a higher ROI than using that same money to pay down low-interest debts. There are far more details as to how and in what exact order you should perform steps 4 and 5 (generally, max out tax-advantaged account before taxable accounts) that I wonā€™t go into here but feel free to read more about it [here](https://www.reddit.com/r/personalfinance/wiki/commontopics#wiki_step_5.3A_save_more_for_retirement). + +Beyond that (and sort of mixed in with the previous two steps), itā€™s generally debatable and discretionary as how you should spend: sock it away in an HSA if you have health problems or a growing family, a 529 if you have children that will go to college, pay off the low-interest debt if you have a low risk-tolerance, contribute to taxable investment accounts, sock it away in a high-yield savings account, etc. + +-------- + +**Edit 1:** There's been a ton of requests for non-US versions of this. The answer: [it's in the Prime Directive](https://www.reddit.com/r/personalfinance/wiki/commontopics#wiki_non-us_versions)! +I(30m) spent the last 10 years working a corporate job in tech. Almost immediately upon getting signed full time I realized I wasn't going to be able to exist in this environment for long. I found this subreddit during my first year and started following all the advice, but with a slight deviation from optimal(fast-tracked my mortgage). I held on as long as I could but last month I hit my emotional breaking point and put in my two weeks. I have some financial dilemmas I would like this community opinion on. Please see the data points below: + +&#x200B; + +\-Total Investments(401k/IRA/HSA): 121k + +\-Total investment at 65 with 6.9% returns: $1,344,630 + +\-Withdraw Rate 4% 65yo: $53,800 + +\-Yearly cost of living 2.5% inflation-adjusted at 65yo: $45,000 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_