diff --git "a/reddit_finance_43_250k_255.txt" "b/reddit_finance_43_250k_255.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_255.txt" @@ -0,0 +1,10000 @@ +&#x200B; + +[Let's all go to the lobby, let's all go to the lobby, let's all go to the lobby, and get some tas-ty snacks!](https://preview.redd.it/i43bep1wts5a1.jpg?width=599&format=pjpg&auto=webp&s=7dd5bf35c3d9a1748130a0e8433168716919f697) + +&#x200B; + +Annnd, welcome back! How was your break? Oh, you didn't take one... Let's carry on anyway cause we're almost at the climax. + +At this point, you're probably wondering - 'Ok Degenterate that was all very well -and-good, but this is Capitalism (*you filthy commie*). Why aren't Citadel being eaten up and devoured by their competitors?' Well, that's a great question Comrade. In short (lol), because it's a big ole' club and Citadel actually *is* being eaten up. + +&#x200B; + +[Funny that](https://preview.redd.it/hmrbf47x0t5a1.png?width=333&format=png&auto=webp&s=491d48a3283cd7fbdf08447876f1b5a39d840d0e) + +&#x200B; + +The dates are really important, the S&P peaked on January 3rd, 2022, and has been tumbling ever since. In early 2022 Citadel was in a liquidity crisis, and they needed a bail-out, instead what they got was a bail-in. + +Other firms, like Sequoia above, could have moved in 'for the kill' anytime they wanted, but they weren't positioned to take advantage of the wider market turmoil that a Citadel collapse would have caused. In fact, very few firms are ever going to be **that** liquid at all...like...**Ever**. Citadel collapsing is a system-crushing risk to the global market. Ask yourself, why would any financial firm want to smash the global market, that they operate on, further into the Earth's lower crust than the extinction-level comet that killed the dinosaurs? + +&#x200B; + +[Every financial firm wanting to be the comet](https://preview.redd.it/2iqt4nra6t5a1.png?width=353&format=png&auto=webp&s=18d111dc18b3704b9747c4a8a93a20c8b9019cfa) + + +What you need to understand is that there is no shadowy cabal dictating what happens to us all. Instead, there are extremely powerful people and companies, whose interests align, and in which all parties involved stand to benefit from one particular outcome. Understand, that the best thing for every financial firm in the present, **is** for the market to crash. That *is* the alignment. Citadel wants it, BlackRock wants it, Sequoia wants it, and (apparently) even *you've* been made to want it too. + +So, how does it happen? + +One word: Capitulation + +No doubt some of you have seen the articles saying things like this- + +&#x200B; + +[Source: MarketWatch \(eww\)](https://preview.redd.it/vhhuv1pz8t5a1.png?width=888&format=png&auto=webp&s=4ed44bbc536e262e5c9dfef43179711a08f0951e) + +Or YouTube finance bro's with video titles like: + +&#x200B; + +[Source: hah, not gonna do me like that Reddit.](https://preview.redd.it/tmaebn6x9t5a1.jpg?width=422&format=pjpg&auto=webp&s=2cadd4dca958170216ab6af5cd17ff0847c8ae2f) + +And let's not forget our good friend the Mainstream Media which is simultaneously gaslighting retail about inflation not coming down until they capitulate in the stock market (?) - + +&#x200B; + +[Source: CNBC interview \(dated 29\/6\/2022](https://preview.redd.it/l38l4ts5bt5a1.png?width=1284&format=png&auto=webp&s=ed48351075df41acfdb558490866996570dd43d7) + +They need retail to capitulate, they need the sell-off, and they need people fleeing the markets below the prices at which they entered. To whit, apes *are* retail, but not all of retail *are* apes. Within the wider market, I guarantee you that retail capitulation **will** happen as things continue to deflate. Furthermore, Citadel's $65 billion liability won't be the smoking gun 'haha, they r fuk' everyone's currently painting it as. + +So, is that the point of my post? + +Kind of, but it's also a warning. + +Citadel's next filing, for the year 2022, is due to come out at the end of this month. I wouldn't be surprised if their liabilities are way down from the $65 billion everyone cares about, and thinks is a messiah-level indication of weakness. The market has been in a clear reverse during the year, and not all of those $65 billion 'securities sold, not yet been purchased' are naked $GME shorts. We can dream, but it's not even close. + +Citadel has no doubt been closing out these liabilities as people's original purchase prices dip below their purchased securities' current value. They shorted retail in this manner, and yes it's absolutely heinous. Regardless, when those liability numbers **do** come in lower than expected, it **will** be weaponised against the sub, and in a very similar fashion to fudged DRS numbers. + +Ahead of time, I am once asking that you don't give a flying fuck when that FUD eventually happens. There is not a single thing, in my mind, that they can do to escape paying out on the shorts that refuse to capitulate. That is, unless individual investors within the shorted stock make a conscious decision to capitulate alongside the rest of retail *en masse*. + +I can't give you financial advice. There is no right or wrong, your decisions will always be your own. + +I just happen to like the stock. +Guten Tag to this global band of Apes! 👋🦍 + +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. Diamantenhände 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! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$176.35 / 152,30 €** *(volume: 1060)* +- 🟥 115 minutes in: $176.09 / 152,07 € *(volume: 1045)* +- 🟩 110 minutes in: $176.88 / 152,76 € *(volume: 1040)* +- 🟩 105 minutes in: $175.99 / 151,99 € *(volume: 1037)* +- 🟩 100 minutes in: $175.73 / 151,76 € *(volume: 978)* +- 🟩 95 minutes in: $175.68 / 151,73 € *(volume: 938)* +- 🟥 90 minutes in: $175.48 / 151,55 € *(volume: 935)* +- 🟩 85 minutes in: $175.61 / 151,66 € *(volume: 912)* +- 🟩 80 minutes in: $175.22 / 151,32 € *(volume: 808)* +- 🟥 75 minutes in: $175.20 / 151,31 € *(volume: 708)* +- ⬜ 70 minutes in: $175.23 / 151,34 € *(volume: 700)* +- 🟥 65 minutes in: $175.23 / 151,34 € *(volume: 697)* +- 🟥 60 minutes in: $175.73 / 151,76 € *(volume: 494)* +- ⬜ 55 minutes in: $175.93 / 151,94 € *(volume: 489)* +- ⬜ 50 minutes in: $175.93 / 151,94 € *(volume: 484)* +- 🟩 45 minutes in: $175.93 / 151,94 € *(volume: 470)* +- 🟥 40 minutes in: $175.91 / 151,93 € *(volume: 465)* +- 🟩 35 minutes in: $175.93 / 151,94 € *(volume: 418)* +- 🟥 30 minutes in: $175.91 / 151,93 € *(volume: 416)* +- 🟩 25 minutes in: $175.93 / 151,94 € *(volume: 215)* +- 🟥 20 minutes in: $175.91 / 151,93 € *(volume: 215)* +- 🟥 15 minutes in: $175.93 / 151,94 € *(volume: 159)* +- ⬜ 10 minutes in: $175.96 / 151,96 € *(volume: 149)* +- 🟥 5 minutes in: $175.96 / 151,96 € *(volume: 132)* +- 🟩 0 minutes in: $176.52 / 152,45 € *(volume: 20)* +- 🟥 US close price: $175.47 / 151,54 € *($178.00 / 153,73 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1579. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi all + +As I write this I am just under £40k in debt. I am 26 years old and feel like my life is such a mess. I bought a house with my OH in January 2018 and things have spiralled out of control since then. My outstanding is below as of this morning. + + +Unsecured loan: £3400 - £156 minimum (118 Money) +Unsecured loan: £2700 - £123 minimum (Bamboo Loans) +Unsecured loan: £16654 - £362 minimum (Zopa) +Unsecured loan: £4980 - £145 minimum (Halifax) +Unsecured loan: £1990 - £199 minimum (Satsuma Loans) +Credit Card: £172 outstanding (Capital One) +Credit Card: £1655 oustanding (Barclaycard) +Credit Card: £1455 outstanding (Halifax) +Very Catalogue: £3500 - payments vary from £150 onwards + + +Each loan was to pretty much cancel out existing credit, that did not turn out the end result. Unfortunately since I was 20 receiving my first credit card, I had been impulsively buying since then and as life goes on, have got worse. My pay is £2555 after tax so after my share of food, bills and mortgage payments, plus the above, I have about £150/200 left and no options of any borrowing. I do have about £600 available to use on credit cards but this will then defeat the object of this post. + + +This is nobody's fault but my own and I just feel nothing but deeply ashamed to be in the situation I am in. I barely sleep as I worry about money and if anything goes up the wall, what would happen afterwards. This is very much affecting my mental health which is another long road I have just begun, I don't want to get too much into that yet as it but I must admit thoughts of choosing to live in this mess or not at all. I am getting help for that, hence this post and trying to get this resolved. + + +Writing this to you all I am hoping will be the kick start I need. I have not missed a payment in 6 years of having debt against my name but I feel I will soon if things carry on. I have contacted StepChange and about to fill in my application pack to send off to begin the long journey. + + +Are there any other recommendations anyone else would make? + + +CC +I just wanted to throw out some thoughts that have been bouncing around in my brain lately and see if anyone else here agrees or can refute them. Please don’t down-vote this just because you do not agree with what I am saying. + +Let me start by saying I believe in Ethereum. As a software engineer, I can understand the potential the blockchain has of revolutionizing the way we organize and store information and finances. I have also really enjoyed watching the prices and overall market-cap surge these last few weeks. What worries me is that the amount of money pouring in and the returns seem too good to be true, and I believe when things seem too good to be true, often times that is because they **are**. + +I recently was reading Peter Thiel’s book, “Zero to One” about startups. In it he talks a lot about bubbles. + +Take the following passage: + +> In economics, disbelief in secrets leads to faith in efficient markets. But the existence of financial bubbles shows that markets can have extraordinary inefficiencies. (And the more people believe in efficiency, the bigger the bubbles get.) In 1999, nobody wanted to believe that the internet was irrationally overvalued. The same was true of housing in 2005… + +Here, I believe he is saying that there are hidden secrets within the market that people do not want to believe because if people start to uncover and acknowledge these secrets then the market itself may react and crash or come back to earth. + +To me, the crypto market feels a bit like this. Every day there is some new, hip ICO where some company raises 30 million dollars in just a few minutes after having little more than a white paper, a timeline that could extend for years, and a nice looking splash page. Can you imagine venture capitalists throwing away that kind of money just for an idea? Ideas are a dime a dozen. It is the execution that really matters. + +As of right now very few companies even have a product to show, and even the companies joining the EEA (Ethereum Enterprise Alliance) are mostly in the exploratory phase where their R&D departments are playing around with blockchain. It doesn’t sound to me like there are a lot of big companies using blockchain in production today and providing real value to customers, but if I am wrong please point them out in the comments. + +There was a blockchain browser featured on Hacker News earlier today which seems great, but the problem they are really trying to solve (Providing decentralized access to internet content instead of relying on most of your content being hosted by big companies), I don’t think is really a problem for 95% of the population. I think most people do not even think about that or care about that, but again I would love to be proven wrong. + +For another example, take decentralized cloud storage. I think people are happy with Dropbox and Google Drive, and I don’t see them switching to a blockchain/peer to peer based solution unless it is significantly cheaper for them and the UI works as seamlessly. I am not completely familiar with the technical details of swarm, but at least in the blockchain today there is no way to edit or delete content once it is there, and there is no concept of an access control list (ACL) that I know of. If someone is storing content that they want to delete, and they find out it is public for eternity, they will be furious. I hope these types of things are being actively addressed. One debate I keep having in my mind is about if it is actually possible to build a decentralized app that can have UX on par with traditional apps today. If that can’t happen then mainstream adoption is also not going to happen. + +I feel like right now the entire market is centered around hype and hope for what this technology can do in the future, but it does not seem to be grounded in reality about what it can do today. The fact that Ethereum is now gaining more mainstream attention also means that a lot of people will be throwing money into a thing they do not even understand and wouldn’t be able to explain to their friends. That is also leading me to the conclusion that we are entering a bubble, and I think we should all tread carefully. + +Sorry that is quite a lot of text!! I hope at least a few people make it to the end. I would love to be proven wrong. +I might have just lost €10k to a phishing scam. + +I am a f*cking idiot. Today, I opened an email from "Wise.com" asking me to confirm my details and without thinking I entered my username/password/2fa code in the linked site. I suddenly came to my senses and tried to open the Wise app but was promptly kicked out. I immediately called Wise and, after 15 minutes on hold, they were able to freeze my account. They refused to tell me if the attacker managed to withdraw the funds - fraud team will follow up with me. I'm feeling devastated. Any chance I get my money back? + +Be gentle with me. Just needed to share my shitty story. Hopefully, someone else can learn from it. +My fiancé and I are getting married in a month and are just looking for helpful tips when it comes to having duel incomes and useful advice for starting of marriage financially sound. +I’m 32 years old and I feel like I keep an eye on stuff, but maybe to a fault. I make roughly $65k/year in a very low cost of living area. + +My only debt is $8,500 left on my house. ($110k) + +My job doesn’t offer retirement. I max out a Roth IRA ($90,000) and i have two other accounts ($38,000 and $22,000) that are “non retirement” but they will basically be used as retirement. I don’t plan on touching them for years. + +My problem is I know I’m a little too focused on retirement sometimes. I keep saying ”okay once this account gets to this amount I’m going to back off a little bit and do a few extra things in life now”. But then I always just create a new goal in my head and continue doing the same thing. + +Im worried that I might be to carried away and I can’t imagine that’s good for mental health. +Well. Imagine GME hits 10mil a share and then you are a very vulnerable target. The tag intention is good, but I think we really need to stop spreading our real pics and accounts. + +EDIT: Clarification - I am not talking about being a target for SEC, lawsuits or whatever. I am talking about exposing yourself to your friends, family as a future multimillionaire and yes, also to criminals. Please read the linked post Part 1/1. It is not: „stop talking about GME!“ - it is „keep your real identity private FFS!“. + +If in doubt read this: https://www.reddit.com/r/GME/comments/manjyo/how_to_keep_your_newly_minted_title_of/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +Cheers! 🐸👊🍦🚀🔜 +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Holy fuck I bought this dog shit at like 16c - fuck my life.... Lucky _pixelRage owes me 500 bucks. + +Is this dumb stock ever coming back? Or am i gonna die bag holding. +I’m not sure why I’ve seen a couple of posts about this as being a situation that somehow acceptable. I have to say in my opinion this is the last thing anyone on this board wants. A careful unwinding of these short positions over the course of years perpetuates culture and the way of doing business that has created status quo. + +That is absolutely not what I want. Whether or not I have a financial stake in this I want to see the complete destruction of the business model that allows this kind of destructive market behavior. +Fuck these guys, fuck this slow unwind bullshit, I want to see pain inflicted. I want to watch as the long short business model disappears forever, and I’m willing to watch my entire initial investment go to zero to see it. I have absolutely zero interest in watching the industry that has destroyed so many businesses and so many great ideas continue to get a free pass with this bad behavior. + +I don’t mean to rant, i’m sitting here with my barbecue reading posts and I got fired up. +Correct me if I’m wrong but even if this thing moons NYSE has its weekend halts. + +Everyone is already hyped at <$300, can you imagine a weekend where the ticker is at a million or more??? + +It would be the most insane 48hours of my life… + +So much to think about at those times, I’m for sure not paperhanding anyway. +It’s ♾ or bust! + +But just think about it…. + +Edit; +$1,000,000.00 for you Murcia Monkeys +Buyer ordered $1700 worth of apple products which she paid via paypal, she asked me to have it delivered to her assistant (since she was on vacation) to which I did. + +disclaimer: + +\- she ordered under a different name vs her name on Paypal (but paypal email is the same as the one i am conversing with). Billing address is under a different name, Shipping address is under her assistant's name. I have all complete evidences via email stating that her assistant is to be the one to receive the package, she sent me the complete details (name, address, number). + +I sent the assistant text messages regarding the delivery and messaged her again to confirm if it was already received to which she clearly said yes. 5 days after, customer disputed unauthorized transaction, i sent evidences to Paypal, and days after she made another dispute saying items were not received (from unauthorized transaction to not received?). Paypal has not returned to me yet but im so scared that money may be refunded back to the buyer. I had the number traced and turns out this number belongs to a group of syndicate/scammers online but pretty sure that's illegal to even disclose to Paypal. + +How do i win this? :( +Why is there always some highly upvoted person in the comments, bashing dividends, saying go growth, when the topic was like, rate my dividend profile, or I have 15,000 and want to spend it on dividends. + +I get the growth stocks can be useful, at certain stages of a dividend investment career, but the upvoted answer by the dividend user base in most threads isn’t pertaining to dividends. + +Why?? +I joined this subreddit 3 years ago to get new investment ideas. Over the last 3-6 months, it has gotten very popular, and people are posting looking for information on a variety of topics. I feel that there's so much information now that it's difficult to find the topics that interest you. + +I used to sign on 4-6 times a day looking for new posts that interested me. Now I'm down to once a day, because I'm scrolling past topics that don't interest me personally. We have 15 YO to 80 YO posting here, people with low risk tolerance to high risk tolerance, just a large array of different interests. + +I'm opening up a discussion to see if there is a way to split this subreddit up or enable some type of search just for the subreddit? +It's undeniable that the bull run of basically 2009 -> 2021 was fueled at least partially (if not majorly) by various forms of quantitative easing. Interest rates were historically extremely low. If you couple them with inflation at the time (2-3%), it was basically free to borrow money (with interest rates being 0-0.25%). + +The market has very few reasons to be bullish in the current short term (6-18 months). The market is forward looking. We're starring down the barrel of at least 12 months of "no more quantitative easing" (aka higher interest rates). Couple that with quanatitive tighting, consumers feeling the effects of inflation and being unable to scrounge together discretionary funds for travel, renovations, general consumerism, etc. + +Russia/Ukraine is, from what it seems, not getting any better. + +American wages are having to grow due to a tight labor market. "Quiet quitting" is becoming a major thing. How are companies supposed to innovate/grow in these conditions? + +There really isn't one country/region that is doing well. Europe has its issues. China has its issues. America has it issues. + +Advice around here says: have about 3-6 months worth of cash and put the rest into equities. You're talking about most people having 95% of their non-real-estate net worth in equities based on how close they are relative to their retirement. + +S&P could stand to fall a lot more from 3800, couldn't it? We're still in a 19-20x P/E ratio area which is above 15x-17x which is the historical average. Historically, we're still technically "expensive". Historically, interest rates are still low, meaning they have more room to rise. If earnings suck during the next 2 quarters (which, they might/probably will for a slew of reasons), price could totally fall and we'd *still* be expensive P/E wise. + +CPI/PCE have yet to top/slow down based on recent reports. We don't know how the "European energy crisis" will play out for the winter. + +How likely is it that we will be back to 4500 within 18 months (18% from current levels)? Can the 2m+ investors here who have the majority of their net worth in equities really stomach another 15-30%+ downturn in the next 12-18 months? + +Are the days of "just DCA and you'll make 10% returns with dividends reinvested" over because the Federal Reserve finally turned off the easy free money cheat code? Are we in for a decade of subpar returns? +To determine our SWR, most of us rely on sources such as the Trinity study, the ERN guide, or FIRECalc. It's important to note that all these later guides are derivatives of Trinity: they adopt its underlying dataset and methodology, to arrive at very similar conclusions - with minor adjustments, such as planning for an early retirement of 50 years versus the more traditional 30 years of Trinity. With these minor adjustments, they all end up in an SWR range between 3.25-4%. + +This whole nebula of Trinity-derived studies, is based on two sources: a _dataset_ and an _assumption_. + +The _dataset_ is the returns of the entire American stock market over the 20th century. + +The _assumption_ is that these return rates represent a **normal**, and we should expect them to persist. Specifically, for our purposes, we expect them to persist into the 21st century so we can finance our 3.25-4% retirement. + +The potential weakness in this assumption was pointed out by a [recent answer on another forum](https://money.stackexchange.com/a/115590): + +> A 4% withdrawal rate would require the US stock market in the 21st century to produce returns similar to those of the 20th century, i.e. in the vicinity of 7% in real (inflation-adjusted) terms. Fair estimates for stock returns going forward are not this high. Rick Ferri proposed a real 5% over a 30-year horizon in 2015. I recall Bernstein in his book "Rational Expectations" (2014) proposing a real 3.6% over the very long term. These long-term estimates are based on the Gordon equation. According to this model, the long-term growth of a 100% SP500 stock investment in real terms would be the current dividend yield (~2%) plus the expected per share dividend growth rate (often given as 2%). + +You are welcome to read the entire answer, as it is interesting. Personally, it led me down a rabbit hole of criticisms and doubts of the Trinity study. A particularly poignant one was raised by the [Bogleheads Safe Withdrawal Rates pages](https://www.bogleheads.org/wiki/Safe_withdrawal_rates), arguing that blindly relying on Trinity is a form of retrospective bias. + +That is: buying and holding a broad US stock market index turned out **in retrospect** to be a great investment strategy, yielding returns high enough to support the famous 4% SWR. Far from representing some sort of normal, these returns were in fact **exceptional**, and [buying virtually any other country's stock market](https://www.bogleheads.org/wiki/File:Pfau-Figure-2.jpg) would not produce anywhere near enough returns to support a 4% or even 3.25% SWR. + +There are some interesting arguments about _why_ VTI was such a great investment throughout the 20th century, having to do with the US's unprecedented rise to supremacy, buoyed by exceptionally favorable geopolitical, social, and macroeconomic factors. The bottom line is that we've identified the US total stock market as a great and obvious investment _in retrospect_. + +This is a little bit like someone claiming they have a great plan for a 20% SWR: all you have to do is invest in Amazon, Google, Microsoft, and Facebook. Data clearly shows that this portfolio has in the past yielded returns high enough to support a very high SWR. If you just happened to pick these specific companies, and no failures like Yahoo. + +Given all that, one may fairly ask what _is_ a Safe Withdrawal Rate, according to the pessimists? + +The consensus I find among said pessimists is around **2%**. To quote William Bernstein, for instance: + +> Two percent is bullet-proof, 3% is probably safe, 4% is pushing it and, at 5%, you're eating Alpo in your old age + +I can't find anyone, even among the (reasonable) pessimists, seriously arguing for an SWR lower than 2%. + +The good news: pessimists generally seem to share Bernstein's view that "3% is probably safe". + +The key difference between the optimists and the pessimists can be therefore be summed up thus: + +* Optimists consider 3.25% as bullet-proof, and 4% as likely to succeed. +* Pessimists consider 2% as bullet-proof, 3% as likely to succeed, and 4% as hazardous. + +Put another way: **the _optimistic_ range is 3.25-4%, while the _pessimistic_ range is 2-3%**. + +The main differentiating factor is _your estimate of real returns on your portfolio_. If you estimate the 7% 20th century VTI as the normal, then you are an optimist, whereas if you expect lower figures such as 5% or even 3.6%, then you are a pessimist, and should consequently aim for the lower range. The lower you expect these returns to be, the closer you should cut your SWR down to 2%. + +It's important to note that there are serious evidence-backed studies and experts arguing for (effectively) the entire 2-4% extended range. You can check the references in the articles I linked above. Some experts do believe that 20th century yields represent a normal, and so we can expect them to persist or even rise over the long term. Others argue for 5% or even 3.6% sustained real returns. Some experts argue that 7% returns could be sustained by simply diversifying internationally - i.e. holding VT instead of just VTI. Others point out that international investments can be extremely risky, with geopolitical hazards like regime changes, defaults, and nationalization threatening destruction of wealth that dwarfs any loss you may reasonably expect in VTI. + +Nobody knows for sure how the market, the economy, or humanity in general will behave, but I hope this discussion can at least broaden our horizon of different views and estimates to what a Safe Withdrawal Rate really is. +http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/ + +I think this is a good idea of what to keep in mind when talking to other people. I know that isn't the primary purpose of the article but we take our mindset for granted sometimes and tend to overlook the fact the majority of people operate differently. Similarly, just because we believe they are wrong doesn't mean it is a good idea to risk rubbing salt in the wound. Some of us get surprised by the negative reactions...when often, we should realize that people are going to react negatively given this is the sort of things they think [the author of the article is living paycheck to paycheck]: + +> I am nowhere near rich, but I have typically made a solid middle- or even, at times, upper-middle-class income, which is about all a writer can expect, even a writer who also teaches and lectures and writes television scripts, as I do. And you certainly wouldn’t know it to talk to me, because the last thing I would ever do—until now—is admit to financial insecurity or, as I think of it, “financial impotence,” because it has many of the characteristics of sexual impotence, not least of which is the desperate need to mask it and pretend everything is going swimmingly. In truth, it may be more embarrassing than sexual impotence. “You are more likely to hear from your buddy that he is on Viagra than that he has credit-card problems,” says Brad Klontz, a financial psychologist who teaches at Creighton University in Omaha, Nebraska, and ministers to individuals with financial issues. “Much more likely.” America is a country, as Donald Trump has reminded us, of winners and losers, alphas and weaklings. To struggle financially is a source of shame, a daily humiliation—even a form of social suicide. Silence is the only protection. + +Many of them view their situation as humiliating. + +> What I hadn’t known, couldn’t have conceived, was that so many other Americans wouldn’t have the money available to them, either. My friend and local butcher, Brian, who is one of the only men I know who talks openly about his financial struggles, once told me, “If anyone says he’s sailing through, he’s lying.” That might not be entirely true, but then again, it might not be too far off. + +Many of them view people like us as being full of shit and/or bragging. + +> According to Johnson, economists have long theorized that people smooth their consumption over their lifetime, offsetting bad years with good ones—borrowing in the bad, saving in the good. But recent research indicates that when people get some money—a bonus, a tax refund, a small inheritance—they are, in fact, more likely to spend it than to save it. “It could be,” Johnson says, “that people don’t have the money” to save. Many of us, it turns out, are living in a more or less continual state of financial peril. So if you really want to know why there is such deep economic discontent in America today, even when many indicators say the country is heading in the right direction, ask a member of that 47 percent. Ask me. + +People think emotionally and short-term about their financial situation. + +> Financial impotence is an equal-opportunity malady, striking across every demographic divide. The Bankrate survey reported that nearly half of college graduates would not cover that car repair or emergency-room visit through savings, and the study by Lusardi, Tufano, and Schneider found that nearly one-quarter of households making $100,000 to $150,000 a year claim not to be able to raise $2,000 in a month. + +> Basically, a good many Americans are “financially illiterate,” and this illiteracy correlates highly with financial distress. A 2011 study she and a colleague conducted measuring knowledge of fundamental financial principles (compound interest, risk diversification, and the effects of inflation) found that 65 percent of Americans ages 25 to 65 were financial illiterates. + +Financial illiteracy is a common problem to the point is the norm, not the exception. + +So the next time you come to /r/financialindependence to complain about negative reactions, it is more likely you came across as rubbing salt in their wound rather than trying to help. + + + +My wife and I moved into our brand new home (literally brand new construction) at the end of February. Power company sent us our first bill (end of February through March) and it was almost $600! We both work long hours so we’re not home that often, don’t leave lights or appliances running, keep the heat low, and basically do everything we were taught to keep the bills low. Also our house is single level and not that large (about 1300 square feet). I have no idea how this is possible, the bill says we have used just over 3000 kWh in a month which also doesn’t make any sense. I’m planning on calling my power company tomorrow and trying to get some answer but any insight anyone has is appreciated. + +Update: we live on the Eastern Shore of Maryland (Salisbury Area)temps this time of year are usually 50s-low 70s. we have smart meter, electric heat, I have looked over our bill and do not see any extra fees or charges (transfer fee or deposit or anything like that) and I have tracked our energy use by the day and hour and saw that we have regular huge energy spikes (almost 10KwH) over night from 10pm-5am ish. + +*update 2.0*: talked with power co, turns out our heat pump is most likely switch over to auxiliary/emergency over night when the temp dropped below freezing. This does Explains the high spikes over night. Reached out to builder to get HVAC and electric guys out to look over everything. + +Thanks for all the advice everyone. Didnt expect this post to blow up or to get to talk to so many awesome folks. +Hi everyone! 5 Months ago I started an apprenticeship in accounting after finishing year 11. I work 36.5 hours a week, with one day at college for study towards my AAT level 2 qualification. + +I am currently on a salary for £12,000 a year, so £1,000 a month (£950 after pension and national insurance contributions) and I am putting £700 per month into a stocks and shares ISA in the S&P 500. I still live with my parents so I don't currently have any expenses to pay which is a bonus. + +I want to at some point have enough saved / invested to be able to afford a deposit for a mortgage, however at my current rate of pay, that won't be for a while Does anyone have any advice on how to be able to afford a mortgage sooner (like savings schemes or something) or just any general advice? I want to move out ASAP however I dont want to rent anywhere as it doesn't seem like a long term solution. Any advice appreciated. Thank you :) + +Edit - I'm currently taking driving lessons, got them as a christmas present as my birthday was in december, plan on taking my test within the next few months :) +The price has fallen a bit more, since I am long on an average $11 buy in, I am down but not out. I removed my stop loss from ETH and am going to just keep buying more. Does anyone think the sentiment is causing the price fall with all of the previous issues of which most are resolved? Slow sync maybe still causing some problems? Or, is it whales trying to force week hands out? Maybe a combination of both? + +Anyone shorting right now? That thought had crossed my mind a few times but I really didn't think it would fall much below $9. + +Best of luck fellow investors! +It just baffles me how ancient Vanguards platform seems. The features they offer compared to competitors are terrible. With them having some of the most used funds in the world, why don't they invest in their website and app and make it as good as fidelity and M1? They would dominate the world if they just added fractional share buying or M1s pie setup. I just don't get why they don't invest the money into themselves to offer a better investing platform. + Ok so nowadays the only way many people are making crazy money is A. investing in quick pump meme coins/ fad coins with no use case B. Know people to get early allocations or private groups that know of under radar coins C. Make your own coin or shill crazily to hopefully dump on others D. Hold projects that have some sort of use case and merit long term. + +Most of these options leave a lot of investors rekt with not much hope to recover. I jumped in a project a few months back because they were trying a different approach with things. Before I go further, I just want to say to always do your own research and never blindly invest into things without doing your due diligence. + +The project I have been invested in is called Ascension Protocol. It trys to help investors to help elevate their portfolio by not actually having to invest more than hold the ASCEND token. It does this though liquidity pulls when the liquidity rises by x amount and then gives the holders an opportunity to vote on what they would like to do with that liquidity. Since the DAO opened in April, they have gave back to holders around 20k in pancake tokens and 1-2 percent of ASCEND was bought and given back to the holders. As the liquidity rises, the more they will give back to holders including funding the treasury address. The treasury address is going to be really awesome because it will be used to fund trading bots, snipe-listing bots, and much more that won't need to rely on liquidity rises to disperse profits. + +They just opened their launchpad and private DAO to help people get allocation to projects as the Coin CEO is well connected. The launchpad will guarantee a free airdrop to all holders of ASCEND including allocations to projects that list through their launchpad. Coins that list through there will get listed as an investment strategy to help with buy pressure, will be set up with advisement and our contacts, free audits and much more. This launchpad will be across chains that share the same address so ETH, BSC, Avalanche, Polygon and more. + +The trading bots and sentiment bots they develop will be good for long term and bear market uses so this project can survive long-term. I talked to the owner and they stated that overtime they would not be opposed to adding physical goods or coins backed by physical goods which will be made available through Aubit or other platforms. + +The crazy thing is marketcap is only 500k + +Liquidity is 270k + +The developers, CEO and Team are really working their behinds off and marketing just began so I really expect more to come from this and more risk-free investments from liquidity pulls to come about. The first launchpad project and IDO allocations are coming in the next few weeks. Just check them out and give them some support for doing something different! + +[https://ascensionprotocol.io/](https://ascensionprotocol.io/) + +[https://t.me/AscensionProtocolChat](https://t.me/AscensionProtocolChat) + +[https://www.dextools.io/app/pancakeswap/pair-explorer/0x93f8a4f989aa5da30f4cc2e262394f4f33db0632](https://www.dextools.io/app/pancakeswap/pair-explorer/0x93f8a4f989aa5da30f4cc2e262394f4f33db0632) +All strategies are profitable on paper, provided that you have parameterised it correctly. Now obviously that is over fitting. We are essentially looking at past data, and figuring out what parameter to set - and more often than not, this results in overfitting. What would a strategy look like without indicators/look back periods? + +I am trying to explore the realm of parameterless strategies, however, I am kind of lost on where to begin. Any examples of a truly parameterless algorithm that I can take some inspiration from? +For several months now I've been paying extra on my home mortgage, telling the bank to apply the overpayment to the principal. Each time, I get a receipt from the back showing my payment and lower principal. + +Now, the bank is saying that we can't do this and we are only prepaying payments. Our only other option is to pay the loan off in full. + +I've never heard of this. I've heard of pre-payment penalties which are rare these days but never heard of a mortgage that you couldn't pay down the principal on. Can they do this? + +Edit: the mortgage is at a rural local bank in Ohio. Current rate is 3.75% + +Edit: Thanks everyone for the feedback. As a thank-you I'm going to write a tl;dr of the findings: + +tl;dr of comments +It seems like this may be legal in Ohio but not in other states, such as Iowa and Texas. We will read the loan documentation and see what's actually in the contract. + +Some places limit the amount of repayment, such as 10% per year of principal paydown. + +As many have said, refinancing can get us out of this issue with our bank although as we are near retirement, we were trying to have the rest of the loan paid off just for peace of mind. (Knowing that it's the suboptimal financial decision) +Hey guys! Hope your new year is going well. Happy to share that I finally secured long term income, which makes planning for what debts to tackle next much less stressful. + +Currently my plan was the old fashioned debt snowball, going to start with the smallest debt (roughly $800) to my largest debt (>$6000). + +The card that has a $6000 balance was by Discover and was charged off due to non-payment. Discover calls me multiple times daily and now I want to actually be responsible and take care of this debt. on the app, Discover is offering a 25% forgiveness if I pay the agreed amount ($5500) in 3 months, which I won't be able to afford. Is there any way to get better terms than this? + +My biggest shortcoming last year was the amount of money i spent eating out, literally spending an average of $1000 every month on food. This year I'm trying to limit eating out to $100 a month, and cook everything at home. + +Do you guys have any other pointers or advice that could help me with this? Should I pause contributing to my 401k (6%, thats the most the company matches) and company stock (5%) until everything is paid off? + +&#x200B; + +Thanks for reading! +Considering moving to Greece. However, I’d like to see if there are U.S. based firms that can help with the process. + +We particularly need help with banking and setting up a credit card. We currently use Charles Schwab no foreign exchange fees or foreign ATM fees. + +The downside to Schwab is no cashier check deposit option in Greece. We will obtain residency by real estate investment of €250K. + +Any recommendations for such a company to assist with this transition. + +Thanks. You all rock 🙂 +I am not a financial advisor and this is not financial advice. + +Listen up, apes. I'm about to give an explanation of what I think is going to happen. Even the smoothest of brains should be able to at least somewhat understand it. Now, I know that most of you idiots descend to a near comatose state when you see deep technical anal, or really anything with meaningful content, so let's just talk about card games. + +How do casinos make money on poker? For each hand of poker played, the casino takes a small percentage of the pot, which is called the rake. The casino provides the establishment and the dealers, the players play, and the casino takes its commission. Okay, great, but what the fuck does this have to do with GME? We're getting there. Hang on. The edging is real, but you'll get your payoff. + +So the casino takes its cut from each pot. The more money in the pot, the more money the casino makes. Great. How do they maximize profits? Well, they can bring in more players, get players to play longer, deal more hands per hour, and/or increase the average size of the pots. I'm not going to answer how they accomplish most of these, because it doesn't matter. What matters is that the casinos are incentivized to do these things in order to increase their gains. The point here is that you don't need to understand poker to understand how the casino makes money, you just need to understand their business model. + +Let's focus on how to increase the average size of the pots. There are tons of ways to do this, but let's assume that instead of being in a giant casino, you're at a local back-alley gambling spot. Their operation isn't super sophisticated. They just install a few of their cronys into each game. Each idiot has roughly the same set of goals: bring people in, loosen up the tables, and create big pots. As long as the gangsters don't put too much money on the table (and lose it), the house will profit. + +There's one key point here that I haven't mentioned yet. No one can know that the game is crooked or else they wouldn't play and the house wouldn't make money, right? Well, that's not entirely true. In fact, it's not at all true. Then why the fuck did I mention it? Well, you tell me, why the fuck would you play a rigged game? + +Even if the game is rigged and the players know that it's a sham, if it's the best opportunity for people to expand their wealth, they will still play. Not all of them, but a lot of them. In fact, it's even a good thing for the house when "dumb money" make money; this brings them back and maybe even brings in some of their friends. They just aren't allowed to make too much too consistently. + +The house wants you to play. The house wants your friends to play. The house wants everyone to play. So how do you make sure that as many people as possible play? Did you fucking read the last paragraph? It's simple: you make it the best way for anyone to make money. You essentially force them to play. Don't get lost in the details. It doesn't matter how this is accomplished. They can lick you, suck you, fuck you, beat you, squeeze you, whack the other competition off, etc. All that matters is that whatever game they run, it is the best way for you to try to make it out of wage slavery. + +So what happens when players make too much money? I don't know, what happens when there's a bug in your favorite game's code? What happens when the sheep start misbehaving? A short sighted boss may blame the players or the bug or the sheep, but the astute mobster knows that their fucking minions are to blame. Again, the game is rigged, and the minions have one fucking job: follow the script and don't get too greedy. Any problem, and I mean any problem, is easy to ignore so long as the right wheels are greased and it's not loud enough to annoy the whole fucking neighborhood. + +Reddit is an enormous echo chamber. Shit gets loud in here, but as much as your tiny minds focus on GME, most of the world does not give a flying fuck and even if this news gets big, they're not going to care. They're too tired and poor to focus on some group of retarded apes hitting the lottery. + +So what the hell am I actually saying about GME? The apes and their ancestors discovered a loophole in the financial system that was being abused, but this time the minions went too far and the apes realized that they finally have the winning hand. There's going to be a song and dance and threats and probably some suicides and even some "Epsteins," but as long as the apes don't fold, the apes win this round. If the mobsters play this game right, they'll fold this hand, take their losses, and (as usual) end up winning in the long run. They just have to patch the system a bit and wait for people to forget some stuff. This is EZ mode. + +Do you know what happens in the mafia when a handful of its members threatens the entire fucking money making machine? It doesn't matter if you're a friend of the family, a bigly minion, or even the fucking godfather. You live by the sword, you die by the sword. When you have an infected limb, you first try to treat it, but if that doesn't work, you cut that shit off. These people are fucking cannibals and they don't mind eating their own--I'm sure that some of them even prefer it. The shorters are going to get thrown into the meat grinder, and the cannibals are going to feast. + +TL;DR Read the fucking post. It took me way longer to write than it will take (most of) you to read it. + +Here's some 🚀 🚀 🚀 🚀 🚀 💎 🙌🏻 🚀 🚀 🚀 🚀 🚀 since half of you autists need these to get off. + +Edit: Some of you are taking the poker analogy too literally. It's an oversimplification, in several ways, but the core argument still HODLs. Apes will win, some mobsters will get swallowed up. +Via [Bloomberg](https://www.bloomberg.com/opinion/articles/2022-03-10/ukraine-war-should-cause-fed-to-slow-down-its-rate-hikes?sref=q1j4E2z1) (non-paywall link at [archive.is](https://archive.ph/7zYIA)): + +>The U.S. Federal Reserve is widely expected to raise interest rates by at least a 25 basis points next week. And if inflation stays high, the Fed is “prepared to raise by more than that” in the coming months, Chair Jerome Powell said last week. +> +>That would be a mistake. After next week’s hike, the Fed should hit pause for at least the next several months and possibly through the summer — even though the war in Ukraine will no doubt make inflation worse in the U.S. +> +>It’s unclear how bad the conflict will get, the effect it will have on the region and whether it will lead to a global recession this year. The probability of that last is less than the most extreme predictions, but is nonetheless real. +> +>A more aggressive Fed might use a recession as an opportunity to rapidly bring down inflation by sticking to its rate-hike schedule. That is risky policy, and one that [Powell seems disinclined to take](https://archive.ph/ybhBA). If a recession hit, it’s likely that the Fed would simply have to reverse any rate hikes it had made in the preceding months. +> +>A see-saw pattern in rates would weaken the overall impact of the Fed’s policy. Consider, for example, the plight of a homebuilder who cuts production next summer in response to rising rates. She is not likely to increase production immediately if rates fall in December; she’d want to wait for a signal that rates will remain low for a while. From the Fed’s perspective, it would be more effective to leave rates alone, encouraging her to keep production high for the next several months. +> +>There are also risks to consider beyond outright recession. The direct costs of higher energy and food prices will cut into consumer savings. Even more important, spiking commodity prices are likely to dent consumer confidence, leading to reduced spending on other items. +> +>Another consideration is the effect of the war on developing markets around the world. Higher food and energy prices will hit their economies harder. Global uncertainty will lead investors to move funds out their markets and into the U.S. That could cause a drop in the demand for U.S. exports, which are geared toward investment goods such as heavy machinery. That would reproduce some of the effects of the mini-recession that swept the Midwest in 2015 and 2016. +> +>At the same time, money flowing into the U.S. from both developing markets and Western Europe will cause the dollar to rise and the relative prices of imports to fall. As consumer spending shifts toward imports, that will cool some of the underlying inflationary pressures in the U.S. +> +>The near-term environment is complex. It’s unclear how long the war will last and how far-reaching its effects will be. The ideal Fed response, however, is straightforward: **Go ahead with the rate hike next week. But make it clear that there won’t be any more for at least two more meetings, and then only as the fallout from the war in Ukraine becomes more certain.** +I recently got a job at one of the major FAANGMULA companies that puts me on the path for fatFire. Part of the compensation is a pretty large amount of RSU’s each year. I was curious what people on this path do with these stocks as it is for a pretty well performing company, but not very diversified. Part of me thinks selling a portion of it to diversify, and then keeping some is the right move. +As a follow on to that, I know that ESPP is offered and seems like an easy way to make an instant profit, but I am again concerned with having too much of my investments in one company. +What is your guys approach to this? +(please excuse the "cool story bro" intro) + +I'm 40, married, 3 young children (no more coming). Before 2020, I was a moderately successful software engineer working in a LCOL location. We didn't really have grand financial ambitions, but were working mainly towards regular FIRE (without the retirement part; I like my work for the most part). I would say our total combined NW was around $1M (all figures CAD) and we spent roughly $80k/year. + +Anyway, without getting too detailed, I spent a few years working on a side-project/startup that hurt my income for the last few years and I was ready to abandon in early 2020. However, when the pandemic happened, that project went viral (pun fully applicable here) and turned into a real business. At first, it was just a matter of surviving the crazy growth, but over time we've built a company, my life is less insane now, and our net-worth has at least doubled, not including the value of the company, but just based off of profits. + +The kicker is this, the company has drawn serious acquisition interest. I will likely soon have a decision in front of me to sell and there is a strong possibility that I do (it's 100% bootstrapped and owned by me). This would likely see us ending up with a NW in the $7M range at least, with some higher earning years ahead, most of the NW being liquid (cash) and a paid-off house (that we won't need to upgrade). + +I'm dealing with lawyers, accountants, and mentors that have been there, done that (from a "sold my company" perspective), but questions about this sudden life-changing stuff are still circling. It's not quite a lottery win, but it does feel quite sudden in other ways. + +I'd love to hear from people who have been in that boat (e.g. suddenly thrust into fatfi, rather than methodically working towards it), since the mindset and aftermath I assume is completely different. What happened? What did you wish you had known or done differently? + +I'm also concerned about our kids - my wife and I both came from low-income families and grew up with very little. We appreciate the impact this had on us. Now I worry that since this will be impossible with our kids; how could we raise them in a way that they still turn out alright and not the spoiled, entitled folks born into money we've all interacted with? I mean this with sincerity, because I've met people that came from money who were humble and great people, and the opposite, and I wonder what their parents did differently. +Every time I talk with her about investing more into vanguard ETF's she gets emotional, gets angry and upset, and says I'll lose all our money. She has the same mentality as my Dad, who once said "Why would you invest in the stock market, might as well go to the casino and put it all on red". Even when I show her our track record in the portfolio, she still doesn't really believe it. + +I already invest into vanguard ETF's, but our investment amount could be 10x higher with having no negative impacts on our lives. + +Its pretty frustrating, we have around six figures sitting in our savings account and we have no plans to do anything with it. In 18 months that amount will double because of our savings rate. + +Anybody have any tips or tricks to help the missus understand about investing in the stock market? +My partner and I have everything locked in to purchase a property that we really like. Settlement was today. + +The realtor calls us yesterday (one day before settlement) to say the air conditioning has broken and the quote to fix it is $8000. + +We prolonged settlement for two weeks due to finance, and for this reason she says we should go 50/50 with the seller to fix it. + +It’s a bit of an uncomfortable situation. + +We went $20,000 over budget through negotiations with the seller to begin with. +We don’t feel responsible for paying it but their argument is that if we went on the original settlement it would be 100% our problem and that this is fair for everybody. + + +What would you do? Would you pay to fix the air con? Would you not? + +Really torn. +Hi all, + +I recently finished some due diligence on comparing some popular super funds and their options. +So after going through the rabbit-warren of PDSs I have the below table to show for it. + +Thought it may be helpful for some. +I will be switching from REST (was with them as a teenager and never changed). + +&#x200B; + +[Super Comparison Table](https://i.redd.it/uaipbugtxfw11.png) +Some **important notes** about analysis +1. Analysis was done from **1st of January** of each corresponding year till **31st of December** of the same year + +2. **KSM**, **AMP**, **SHIBA** *ICO* price was not found, therefore the *ICO* price was used from the earliest historical data from ***CoinMarketCap/CoinGecko*** + +3. ***n/a*** means that a coin was **not released** that year + +4. If a coin was released, for example, in **July 1st 2018**, then the analysis of that year was done from *the date of ICO till 31st of December of the same year* + +5. Coins were sorted from the most ***ROI*** from the *ICO* date till **30th of October 2021** +6. Bitcoin didn't have ICO, ICO in the table for BTC means the first day you could have bought it, which was $1 for 1309 BTC, same with XRP, Uniswap, Monero, they had no ICO + +https://imgur.com/a/AKG8M1e + +Key takeaways + +1. **Bitcoin** has the most ***ROI*** from *ICO* date, but compared to other coins, gives less **ROI** each year, still a solid investment +2. **Ethereum** gives better returns than **Bitcoin**, but is worse in ***Bear Market*** +3. **Shiba Inu** has pumped only this year. In **2020** it **lost value significantly**, which means maybe after this bull run, it won't give any ROI anymore. Still hard to analyze with only 1 year of history +4. **Axie Infinity, Solana, Kusama, Polkadot, Helium, Aave, Avalanche, Pancakeswap, Uniswap, Sushiswap, Injective Protocol, Arweave** all were *ICOed* in 2020, and in a span of ***1,5 years*** they gave insane returns, if they continue with the same pace, you can ***10x*** your money in the future +5. ~~**AMP** *ICOed* in 2020 and is ***the only coin*** in this table that gave ***consistent negative returns***~~ +6. Our beloved **Algorand** have a negative ***ROI*** from the *ICO*, but if you were buying the dip, you should be good +7. **Litecoin** is like a little brother of Bitcoin that doesn't get any toys. It gives consistent positive ROI but compared to others, it is really little return +8. **Technically almost every coin has pumped at least 500% this year** + +EDIT1: NANO price was 0 at ICO in 2015, this means the return is infinite. But there was a cap for how much you could have gotten, in the evening I’ll fix it, we would count it as it was ICOED at 0.001 + +EDIT2: Nano ROI was fixed + +EDIT3: AMP ROI was fixed + +EDIT4: Looks like i got into news, lol + +https://finbold.com/bitcoin-remains-the-king-of-roi-despite-hyped-meme-coins-study-shows/ +I’m looking for some advice on my current situation: + +$500k cash - usually not this high, but just received a bonus. + +$280k annual income - I will probably leave my job, I founded the company and sold it, I’m still working for the acquirer. I enjoy it, but makes me too comfortable. I work about 20 hours a week, but feel guiltily for not being 100% there. + +$3M in property ($100k cash flow & projects in progress, cash flow will probably double in 3 years). This is after debt. It isn’t immediately liquid, but I could borrow against it. + +$2.4M stocks - I’m managing this. I started with $450k in 2018. I took out $1M to diversify into real estate. I have been very aggressive and risky, which paid off, but I don’t enjoy it. + +$1M investments in private businesses. $200k in safer funds and the rest in startups that will either 10x or be 0. After I sold my company, this strategy made sense to me because it was all I knew. I mostly regret these investments after discovering how simple investing in a safe ETF is. + +A couple of ideas I’m thinking about: + +1. Doubling down on the company I sold. There is potential to spin out and sell again. Over 4 years, for me personally, I think I the max potential is $20M, minimum would be $2M. This would be a lot of work and probably my only focus at 50-60 hours a week. + +2. Joining up at one of my start up investments. They are doing well and I could capture 1-2% equity. I’m not super passionate about this, but could be a big financial windfall in 5 years. + +3. Getting a job at a FAANG company. My experience and current position could land me a job at a VP level. I’m assuming $500k+ potential annual income. + +4. Focusing on stocks and spending less. I like to travel and I would probably spend too much money with all the free time. + +5. Starting a lifestyle biz full time. I’ve always wanted to buy luxury real estate and Airbnb them out. I would use a third party management company, but do the rehab myself (I enjoy this). I will probably do this on the side because of the tax advantage of having a business that meshes with my lifestyle. This won’t exponentially grow my NW, but it’s the passionate option. + +Should I reallocate my wealth? Which option would you chose? Should I consider another option? Risk doesn’t bother me. I started with nothing and I could do it again, but obviously would not prefer to. I’d like to have $20M net worth in 10 years. +Old Zen proverb. I posted this because I've seen posts here where someone may worry about finding meaning after retirement. As it turns out, when you can truly be present in the moment, like a child, your whole concern over meaning will melt away. Enjoy! +[https://www.benzinga.com/analyst-ratings/analyst-color/19/06/13984052/leaked-email-from-teslas-musk-says-automaker-approaching-record-vehicle-delivery-nu](https://www.benzinga.com/analyst-ratings/analyst-color/19/06/13984052/leaked-email-from-teslas-musk-says-automaker-approaching-record-vehicle-delivery-nu) + +&#x200B; + +In a leaked email, **Tesla Inc** [TSLA 2.65%](https://benzinga.com/stock/tsla#NASDAQ) CEO Elon Musk said the electric carmaker is near to setting a record vehicle delivery number for a single quarter, and said delivery logistics are key, according to Business Insider. + +&#x200B; + +I personally don't see this causing any long-term price action. Bearish. +I had two fillings replaced about a month ago. This was my first time at this office and the staff and dentist were great, no complaints there. I did have to pre-pay the estimate of my balance which I had never had to do before, but the math made sense (they charged $220/filling, my insurance covers 50%, so I paid $220 that day on my credit card). A few days ago I got a bill for another $300. Confused (and never in my life having to pay $500+ for two fillings when I have insurance) I called the office and asked for an explanation. They acknowledge that there was something wrong with the billing and what the insurance paid out, and they would get back to me. They looked into it and it turns out that the office actually owes ME $80 and will be cutting me a check. + +Point of the story is if I didn't question the bill, I'd be out hundreds of dollars. It never hurts to ask when something seems off! +Issued| Share Count | % +---|---|---- +Issued|304,516,136|100% +Institutions| 36,824,662| 12% +Mutual Funds| 33,262,400| 11% +ETFs| 26,480,620| 9% +Insiders| 38,515,328| 13% +Insiders Stagnant| 15,472,272| 5% +Retail DRS| 87,269,512| 29% +Retail Remaining| 66,691,342| 22% +**Shares on Loan**| **87,060,000** | **29%** +**Share Short** | **53,880,000** | **18%** + +One could have the weak argument that the short interest is now **80.79%** (shares short / retail remaining) +Happy Day before Market open everyone! + +That's right tomorrow trading resumes on probably the best stock around, and I'm gonna cover what I think it might do. + +If you guys haven't gotten a chance check out [my interview with Houston Wade](https://www.youtube.com/watch?v=n-kxyyUweyI) this last week, the feedback has been pretty positive and it was nice to sit down and talk stonks with someone who is also bullish on GME. + +This Wednesday, the 11th at 4pm EDT/UTC-4 I will be sitting down with Jaime from over at Tradespotting for an hour or two after market close. + +I know a lot of people might disagree with these moves, but I think it is important to get the word out about GME. If traditional media continues to cast GME in a negative light there should be some content out there that highlights GME in a way that logically supports the short squeeze thesis and is easily digestible by the public. If Mo', Kohrs, and Trey can slide bananas into each others DMs all day for the popcorn stock. Then there is no reason GME content creators should not be doing the same. + +While new apes should always be referred to these subs to gain a basic understanding of the stonk, it's potential, market manipulation, and systemic abuse that surround it. Recent data shows there are a lot of apes out there that may not know of these communities or have access to the information within them. + +I hope by doing these "fireside pickle chats" we can spread the word to more hodlers. + +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 visual impairments/reading comprehension issues. This will be uploaded by... + +9pm EDT/UTC-4 + +and now the crayon drawings you all came here for... + +# Part I: Technical Analysis + +**Section 1: Previous Analysis** + +So the first thing I wanted to go over was last weeks TA where it failed and where it didn't so you guys can have a little bit more continuity in these posts. I was looking for a double bottom bounce on that 162.50 resistance this had a potential to fail of 21.45% and we ended up following the more bearish possible trend. We did however find support and possibly a bounce on that lower ascending resistance. I'm gonna wait for more price action this week to come in but based on the option chain, buy pressure at 148-150 is too high for them to drive it below that resistance, which is a strong indicator of a bounce buy > sell = bounce. + +[Previous weeks TA and how it played out](https://preview.redd.it/easjafhk86g71.png?width=1751&format=png&auto=webp&s=b0581b54a73463850e0871ce2d66df7c0bd337ef) + +**Section 2: The Ascending Triangle** + +So now we are gonna take a look forward at where I expect this weeks action to take us. We have turned around pretty close to the long term trendline that support the ascending triangle formation so I expect this bounce to pick up some steam this coming week but will outline the possible downwards price action none the less. + +[Forward looking TA for this week on the 1D timescale](https://preview.redd.it/tbtwt8eqa6g71.png?width=2465&format=png&auto=webp&s=cf7eade31bcf7d6165f48dd0b51f702c240d7ddd) + +So I tracked possible price action of bounces on this same trendline in the past and one major difference I want to not is that due to our current volume these may not reflect as accurately as I would like, but I think they can still give us a reasonable look at where we may be headed. + +Bullish Trend Prediction: + +[Bullish trend prediction on the 1D Timescale](https://preview.redd.it/4iqo91uub6g71.png?width=2455&format=png&auto=webp&s=8105a97d574e43d53ea3c0770c102a507234ee6c) + +Bearish Trend Prediction : + +[Bearish trend prediction on the 1D timescale](https://preview.redd.it/uyxt5qwjc6g71.png?width=2451&format=png&auto=webp&s=8bf768e18245c0313a46cd6ab2dfddc9a32d4eb3) + +So this week actually looks like a bit of a coinflip as to where we will end up both trends have about an equal chance of playing out based purely on the TA. Additionally, if the bounce fails we could chop along that lower resistance for about 3 days until we get more confirmable upwards action. + +[Possible chop on low volume 1D timescale](https://preview.redd.it/5k5yxhend6g71.png?width=2456&format=png&auto=webp&s=8d1ffd0261e4f5d16f3f48568a1fd997fa1b4434) + +So let's take a look at some other indicators and see if we can get a bit more insight into which trend is more likely to occur. + +**Section 3: Other Indicators** + +**MACD** + +So last week we were taking a look at a false signal that got thrown on MACD after the first share offering and were expecting a bit of a repeat of that pattern before we saw any upside. + +[MACD on the 1D](https://preview.redd.it/atmkby1lf6g71.png?width=1772&format=png&auto=webp&s=c3e5753ff8da731da5338479be5b2311a3c513f0) + +It looks like we have 1 maybe 2 days of flat or slightly down before we flip to the upside if the false signal pattern is repeated. + +Something to note, we have already crossed over on the 4h timescale and it is very possible that this move will soon be reflected on the 1D. + +[MACD on the 4h showing a bullish Crossover](https://preview.redd.it/9k45mlp1g6g71.png?width=1766&format=png&auto=webp&s=a321d2a17c47d92fecccfbd8c5fd9507da892770) + +**Stochastic RSI** + +Still trending up on this signal the D% has now started to move up out of overbought and is signaling momentum to the upside with quite a lot of range. It does look like if we repeat the pattern from the previous cycle we may see another day or so of sideways action . + +[Stoch RSI on the 1D](https://preview.redd.it/c32228apg6g71.png?width=1771&format=png&auto=webp&s=72269a3386537e160fa3fe767bff3d0a75cbe9f2) + +**RSI** + +RSI-6 moved up out of it's second lowest dip since the share offering this year and is showing some consolidation right at oversold (30.33). + +RSI-14 Bounced of of it's lowest dip since February of 2020 (29.95) just under oversold, and is also showing a bit of consolidation. + +Both of these seem to be showing a day or two of consolidation before a move upward. + +[RSI on the 1D](https://preview.redd.it/v6g1am3th6g71.png?width=1765&format=png&auto=webp&s=4f79f9f8200080315dd9356ce6949933c894744c) + +**Section 4: TA Conclusion** + +Based on the analysis and factoring in the indicators here it looks like we are most likely going to consolidate for the next 1-2 days between 150-162 before seeing a move up to test 180. + +TLDR; even the possible downtrend looks pretty good this week + +# Part II: The Market + +The market is continuing to look unstable as it remained mostly flat this week. There looks to be some prepping by large banks to get ahead of a possible collapse, which can be seen in BOA's issuance this week of $123B in bonds and JPOW's announcement of the failed liquidity tests, requiring banks to post another trillion each in additional liquidity, to support margin requirements. + +On the bull side of this the infrastructure plan has cleared the senate and could continue to prop up the current bull market sentiment for a while longer, as the federal government continues to attempt to fix fundamental issues by throwing more liquidity at it. This can still further increase possible future inflation even though it may prevent a correction or crash for a while longer. It will also likely lead to a further increase of the P/E 10 which we will cover in a second. + +So let's take a look at the SPY this week not a lot has changed since it has mostly traded flat it has continued to move further away from the chance at regaining it's long term trend. + +[SPY and possible correction zones moving into this week 1D timescale](https://preview.redd.it/bendzapsj6g71.png?width=1756&format=png&auto=webp&s=bfe8c8b65c9fc39656449a34e2d13ce3d7a3f6aa) + +The Schiller Index or P/E 10 now sitting at 38.54 up .36 this week and the highest since I started tracking it. With the infrastructure plan coming in I expect we may reach or surpass the dotcom bubble shortly. + +[P\/E 10 up .36 from last week](https://preview.redd.it/egmabl6wk6g71.png?width=1016&format=png&auto=webp&s=5403508e8ae29ebbd162f67ece3703d448176d45) + +# Part III: Conclusion + +With more bullish sentiment about to be dumped on the market from the Infrastructure Bill. It appears SHFs who may have been banking on a market crash to increase their net capital (possible theory for the amount of capital dumped into "can kicking") and possibly shake some paper hands, are shit out of luck. GameStop is definitely looking bullish this week probably testing 180 and possibly closing the week at that resistance. IV on OTM contracts has been picking up on GME as well which means MM's are also expecting an upside move. With our liquidity the way it is and bid/ask spread getting wider every day a solid break of 180, on good volume, could have **violent upside potential**. + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under 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 thanks for following along.** + +🦍❤️ + +\- Gherkinit + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and 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/) +I was asked to post this. + +&#x200B; + +For those who don't want to look at the long spreedsheet copy and paste here is a recap: + +Started with 100k in February (100k is about what I invest in a house, I do real estate, but have been in and out of stock market and options since 2000). Please note stocks/options are a hobby to me. I work full time and real estate is my side hustle. + +&#x200B; + +The good/bad/ugly: + +Did very well on GME. + +Wheeled into AMC 2 weeks before it went to 70 but wheeled out the next week, ouch. + +Was up 80% at one point in July. + +First half of year my only major oopsie was QS. I did not do my DD well enough and by the time I figured out that it was like a dotcom company in 2000 I was down quite a bit. + +2nd half of year I was brought back to earth by TLRY. I think it is a $20-$30 stock that will turn a profit soon so hanging onto it but it did weigh me down. + +&#x200B; + +Sold my GME early to move money from webull to TD. By the time I got it moved over it had gone up to $220 and just have not gotten back in yet. + +&#x200B; + +CCL also wrecked me. Sold it end of year for tax purposes and to move that cash to TD. + +&#x200B; + +Overall finished up about 30%. Not bad for 10.5 months of trading, but not good either. We shall see how we do in 2022. + +&#x200B; + +Okay here is the copy/paste from my spreadsheet: + +&#x200B; + +https://preview.redd.it/mbsw9w9nyp981.png?width=3574&format=png&auto=webp&s=426423dbabbf1672f45a23a443e24a92e2346ad8 +https://www.theaustralian.com.au/nation/politics/budget-2021-legup-for-those-struggling-with-property-ladder/news-story/ + +More than 125,000 single parents would be eligible to shift from long-term renting to owning a home with as little as a 2 per cent deposit, or just $8000, under a ­government-guaranteed home loan scheme targeting women who are marginalised from the property market. + +Access to superannuation savings for first-home buyers would also be expanded from $30,000 to $50,000 and an extra 20,000 places would be offered across two other home loan deposit schemes underwritten by taxpayers. + +The new family home guarantee package will form the centrepiece of the government’s housing policy strategy in Tuesday’s budget, which is expected to confirm that the unemployment rate will be returned to below 5 per cent within two years, marking the ­lowest jobless level in more than a decade. + +The Reserve Bank said on Friday the nation’s jobless rate could plunge to as low as 3.75 per cent by 2023 if households were brave enough to spend the tens of billions of dollars in savings amassed during the pandemic. + +In an interview with The Weekend Australian, Josh Frydenberg revealed budget forecasts would show that lost economic output from COVID-19 was now set to be recovered nine months earlier than expected. + +But the Treasurer warned that his greatest concern, apart from the pandemic, remained the worsening global strategic situation and the deterioration of Australia’s relationship with China. + +“This is a pandemic budget,” Mr Frydenberg said. “We can’t take for granted the strong recovery we have seen. We’ve got to consolidate the gains and secure the recovery and that’s what this budget is about: securing the economic recovery and driving the unemployment rate back to where it was pre-pandemic and even lower. + +“The budget numbers will show a strong improvement this year. What’s driving the strong economic improvement is the labour force resilience and people coming into work even more so than iron ore revenues.” + +The Treasurer said a lower welfare bill and getting Australians into jobs would achieve a stronger budget position to guarantee essential services, including aged care and mental health. + +With the housing sector a key driver of economic recovery, Mr Frydenberg revealed the government would intervene further in the market by extending home loan guarantees to single-parent families. + + While the first tranche would make available 10,000 ­places for the scheme, a senior government source said it was likely to be open-ended, with more places being offered over time depending on demand. + +Homelessness and Social and Community Housing Minister Michael Sukkar said the scheme would address one of the great inequities of home ownership, with 84 per cent of the 125,000 single parents considered by banks to be creditworthy being women. + +It would be capped for those earning under $125,000 a year with a ceiling on property values based on capital city and state-­averaged market valuations. In Sydney, this would see single parents requiring a deposit of just $14,000 based on a property worth $700,000, down to just $5000 for a home in regional South Australia worth $250,000. + +Single-parent applicants, who have lower-home ownership rates than other household types, don’t need to be first-home buyers but would not be eligible if they currently owned a property. + +“Saving for a deposit remains the biggest hurdle to achieving the dream of homeownership,” Mr Sukkar said. “First-home buyers and single-parent families can count on the Morrison government to help them overcome the deposit hurdle and achieve the Australian dream.” + +The government will also ­extend the new home guarantees scheme — introduced last year for 10,000 applicants as a pandemic stimulus measure — by adding 10,000 guarantees for Australians who have a deposit of at least 5 per cent. This was an ­expansion of the pre-existing first-home loans deposit scheme introduced in 2018 to cover existing dwellings, which will also be rolled over for an extra 10,000 applications. + +Both schemes are limited to incomes of $125,000 for singles and $200,000 for couples and applicants must not have previously owned a property. +The schemes have a limited budget impact based on a default rate of 1 per cent on loans. + +The third pillar of the housing plan would increase the maximum drawdown of voluntary contributions that could be released under the first-home super saver scheme from $30,000 to $50,000. + +Mr Frydenberg said next week’s “pandemic budget” would return an improved bottom line on that forecast last December in the mid-year economic and fiscal outlook, with unemployment on track to dip below 5 per cent over the forward estimates. +This would bring unemployment to well below pre-pandemic levels. The last time unemployment dipped below 5 per cent was in 2011, briefly. The last sustained period below that level was ­between 2006 and 2008 and, prior to that, the 1970s. + +Mr Frydenberg said continued fiscal support for jobs and the economic recovery wouldn’t be done by abandoning core ­Coalition economic “principles”. +“Our approach is based on fundamental Coalition principles and philosophy,” the Treasurer said. +“Lower taxes, supporting the private sector, backing families, strengthening our regions and encouraging home ownership. + +“We haven’t baked in long-term structural spending other than what you’ll see around aged care and mental health spending. And the JobSeeker $50-a-­fortnight payment. This is not an opportunity to take every old idea that’s in the bottom drawer and spend money on it. We’re not in a spending contest.” +On the economic outlook, Mr Frydenberg said output had come back to pre-pandemic levels, nine months earlier than forecast in MYEFO. + +“There’s a historic opportunity to drive the unemployment rate below 5 per cent … This is about keeping the pressure on, supporting the economy in a targeted way and driving the unemployment lower to get more people into work.” +Have a car loan, rate was horrible, my bad, but the dealer could have given us 1.99%, instead we got 9%. Paid out nearly all of it, called up to pay out in full, $850 early termination. + +So I Paid loan down to $2.00 and stopped all direct debits. + +VW will earn 60 cents in interest over the next 4 years and I do not pay have to pay the early fee. + +I Called them every week for a few months and ask to waive the fee, they kept saying no, so I set up auto emails, and email them every day, asking for a balance, and if they will waive the fee. + +They are either going to earn that 60 cents. Or they will give in. Either way it’s no skin off my nose. + +Hopefully someone in the same position reads this and they can follow the same process. + +Edit- this may not work for all products, in my case, this worked and I was not hit with any random fees or charges. I called VW and told them what I wanted to do and was told I could do this without incurring any extra fees. +So Ive just started watching a documentary on netflix called "Money Explained" [https://www.netflix.com/watch/81345774?source=35&trackId=254743534](https://www.netflix.com/watch/81345774?source=35&trackId=254743534) + +&#x200B; + +I couldn't help but stop the video after a couple of mins in where a supposedly "money specialist" said "Day trading is a form of gambling" I nearly pissed myself I couldn't believe this clown at all. Tbh however i can see where he is coming if you were to trade binary options however he is totally wrong lol. + +Anyone else on here listen to outrageous comments similar to this or hear your friends and family telling you its gambling? please lmk Im two months into trading btw so not exactly a beginner more an amateur. +Good Morning Apes! + +And, what an excellent morning it is. The official SEC report came out last night and honestly it's not the nothingburger I assumed it would be. They all but confirmed as many suspicions as they could while saying nothing truly incriminating. The things I walked away with were; + +1. There was no gamma squeeze or short squeeze. January's events were simply natural price discovery... +2. The vast majority of trades were internalized (approximately 80%). So the 20% of trades that made it to lit exchanges were responsible for a 2700% run +3. Somehow the shorts "covered" 109.26% (SEC#) or 140% (Bloomburg#) short interest by purchasing only \~34-40 million shares at market. +4. Strong implication that the shorts were hidden using ETFs and other derivatives (puts). +5. GameStop was and remains the only real play from January's events. + +&#x200B; + +https://preview.redd.it/ybpa1bm3ieu71.png?width=654&format=png&auto=webp&s=70e82086b152b7170c18876d96dfd5aee4d8521e + +[Short Seller Buy Volume VS. VWAP](https://preview.redd.it/v3fdwkgeieu71.png?width=1206&format=png&auto=webp&s=cc344ec313a8944e2da3442a5429fd7971413873) + +In fact, staff observed a large spike in net redemptions of nearly 6 million shares in XRT on January 27, which may be consistent with short selling activity. ^(83) + +If you guys haven't looked at my weekly DD I'll drop this here as well. + +Here are the FTDS on GME on the 21^(st) of September 2021. + +https://preview.redd.it/3cvbr0crjeu71.png?width=395&format=png&auto=webp&s=98a034c510b65201544db9c82e21e605120e6156 + +Here are the FTDs on GME containing ETFs on the 21^(st) of September 2021. + +[This is a curated list of ETFs and doesn't reflect all GME containing ETFs](https://preview.redd.it/0m7l1pkyjeu71.png?width=1947&format=png&auto=webp&s=9df9f061a73dad7b6afdce6ed052fc5c822bafa9) + +For more information on this and my futures theory please check out my weekly DD. + +Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/qa8xem/jerkin_it_with_gherkinit_week_1_futures_wrapup/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 185, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Closed up for the day even slightly continuing the uptrend throughout this futures window I still don't expect to see significant movement but today's intraday price action seems to imply that volatility is picking up. Additionally the consistent green closings prices are looking very good for the technicals as we move toward a period of higher volume and volatility. Thank you all for tuning in and I'll see you tomorrow! + +\- Gherkinit + +https://preview.redd.it/nz0xegw9rgu71.png?width=684&format=png&auto=webp&s=c51719efe684e7b1ea2c44f67f7eca9a484bf736 + +Edit 6 3:18 + +Finally another breakout and at least a test of VWAP, volume is intermittent so I don not expect a huge price increase. + +https://preview.redd.it/82vcshd2jgu71.png?width=1567&format=png&auto=webp&s=252fdd0b81c2056467184743dfb5f2fed8a8f372 + +Edit 5 2:34 + +Consolidating slightly higher now might be moving towards a small eod breakout, a not weighted vwap is 193 right now so we are still trading under average price by volume. + +https://preview.redd.it/ontllk7cbgu71.png?width=1571&format=png&auto=webp&s=34a40c89daa3141d20b3ae53b5985887e9015f1e + +Edit 4 1:27 + +Still trading within the 185-187 region drawing triangles for fun etc... + +https://preview.redd.it/s97kq6u9zfu71.png?width=1571&format=png&auto=webp&s=6d3291e7101d5bfd27492fc45c709212c69ce2c0 + +Edit 3 10:54 + +Bouncing back up from that low at 184.40. I'm not sure if the expected gamma exposure was covered this morning or not but this looks like a nice reversal. + +https://preview.redd.it/8xojakd28fu71.png?width=1581&format=png&auto=webp&s=8e7278f45ba84d449f8bf310e09959e1ac19a378 + +Edit 2 10:02 + +About 45k shares borrowed from fidelity we are seeing a dip back below that initial surge of FOMO at market open. + +https://preview.redd.it/rs2w6o6myeu71.png?width=1574&format=png&auto=webp&s=aea3e2efe46469546fe242df34e2ae73a7703d86 + +Edit 1 9:41 + +[SEC Report Video Clip](https://youtu.be/pQ0mRN8VOF8), GME with a strong open out of the gate and an easy test of 190. Consolidating on resistance than moving up more. + +https://preview.redd.it/xnazvkj4veu71.png?width=1575&format=png&auto=webp&s=cd366613298822bf6a4b0ae1b89c4719fadd29bb + +# Pre-Market Analysis + +Looks like we are getting a bit of FOMO in the pre-market GME volume at 18.45 so far, I think this represents a 2 week high. IBKR with 30k shares to borrow and Fidelity sitting on 739k. If this news is consistent with all other GME news I expect them to short the shit out of open. If they don't we have some gamma exposure from last week that needs to be covered today and should give us a nice bump in price. Unfortunately I couldn't predict the SEC report drop when I did my price analysis for this week but I'll post it anyway. Additionally we will be discussing the SEC report on stream starting at 9:00am EDT. + +[GME pre-market looking good for an opening bell breakout but I do expect them to short due to news.](https://preview.redd.it/np34k3gcleu71.png?width=1564&format=png&auto=webp&s=03c25d89609752c1105076bae3ab0c9b2caa98fc) + +[This represents data from before the SEC report but should give a rough estimate of where we can trade for the day. ](https://preview.redd.it/2en9xye1meu71.png?width=2452&format=png&auto=webp&s=3801cf9d7edea4a59b9c7d91d6c20681bb1df2c6) + +Lastly, BBKC and TTM showing fire signals + +[BBKC and TTM Squeezes on the 1D](https://preview.redd.it/g9f5swcameu71.png?width=2455&format=png&auto=webp&s=4a813eabe97b2676e8bc3025727b20c0f06bcc8b) + +So definitely some potential for upside. I'll check CV\_VWAP later in the day if we see any crazy volatility. + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +**LaikaCoin** is your next Meme Coin Moonshot with HUGE potential to multiply over the coming days and weeks. We're proud to say that we've been one of the fastest growing coins in the HISTORY of BSC, accruing \~17,000 holders in 48 hours! + +**INCOMING CATALYSTS**: CMC LISTING, COINGECKO LISTING, TALKS WITH EXCHANGES ON IMPENDING LISTINGS. These are coming in quick, so get your seat alongside Laika to the moon. + +**Laika** has an ambitious core team of 15 experienced Crypto veterans, all working day and night to make Laika makes it to the moon, with you safely on board. + +This is NOT a P&D. Liquidity is LOCKED, and ownership RENOUNCED. + +&#x200B; + +**TOKENOMICS TOKENOMICS TOKENOMICS** + +Deflationary coin. High risk, insane reward. DYOR applies! + +Total supply: 100,000,000,000,000,000✅ + +40% burn at launch.✅ + +4% Rocket fuel (dev fund for airdrops, ads etc).✅ + +LP Pool locked.✅ + +Contract ownership renounced.✅ + +&#x200B; + +⭐️ **Contract:** + +[https://bscscan.com/token/0x270877fbdadd2e28c7eaf08e528691b95684207e](https://bscscan.com/token/0x270877fbdadd2e28c7eaf08e528691b95684207e) + +⭐️ **Proof of lock:** + +[https://dxsale.app/app/pages/dxlockview?id=0&add=0x2E6b66C4770878dBdf0406dF601fca153A6F73B6&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x2E6b66C4770878dBdf0406dF601fca153A6F73B6&type=lplock&chain=BSC) + +⭐️**PROOF OF RENOUNCE** + +[https://bscscan.com/tx/0x4985a1ae6c3dbe6c947e1ebf9e55191f2d56f74241454eafa41ac34a441b154f](https://bscscan.com/tx/0x4985a1ae6c3dbe6c947e1ebf9e55191f2d56f74241454eafa41ac34a441b154f) + +⭐️ **BUY HERE:** + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x270877fbdadd2e28c7eaf08e528691b95684207e](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x270877fbdadd2e28c7eaf08e528691b95684207e) + +⭐️ **CHART:** + +[https://poocoin.app/tokens/0x270877fbdadd2e28c7eaf08e528691b95684207e](https://poocoin.app/tokens/0x270877fbdadd2e28c7eaf08e528691b95684207e) + +⭐️ **TELEGRAM:** + +[https://t.me/laikacoinchat](https://t.me/laikacoinchat) + +&#x200B; + +With Laika our goals are BIG. We aim to recreate the "DOGE effect" in fostering a rampant community of Laika lovers that will carry this coin for the long term, and lead all of us into the growing future of BSC. We also aim to incorporate charity donations and giveaways into our roadmap that will make this coin give back to the community, and the world at large. + +Our CHARITY FOCUS will be Animal Shelters around the world. The real dog, Laika, rode his own rocket to space, but he was famously mistreated throughout the process. We here at Laika want to make sure no animals are treated unkindly under our watch. + +We will have a VERY special giveaway at 250,000,000 MCAP that will quite literally take you into orbit ;) More details on that in the future. + +We have had INSANE success so far, and are taking this very seriously. We CAN be the next big thing - and we want you on board with Laika. Our next goal is 100M market cap, make sure you get in soon - because this rocket ship isn't stopping anytime soon - and we've got a LONG ways to go. +This is a list of things I've done over the years to stay warm in a very cold house. Most of these can be done easily and can help cut your heating bill. Hopefully these can help some of you folks! + +1. If your bed is not warm enough lay a puffy blanket or towel underneath you. Many mattresses are hollow and aren't that good at insulating heat from the body so you might find relief in laying on top of some blankets. +2. Also keep your feet warm. If your feet are cold they'll keep the rest of your body cold. + +&#x200B; + +3. Put socks on your hands to keep them warm. cut holes in an old pair to keep using your fingers. + +&#x200B; + +4. Stay bundled up at home, if you don't do that already. + +&#x200B; + +5. Tight clothing won't keep you warm alone. Baggy clothes with tight ends like sweatpants will. A major part of sweatpants ability to keep you warm comes from the pocket of warm air your body creates inside of the pants. + +&#x200B; + +6. If you use an oven at any point, leave it cracked open after you turn it off. The heat from the oven will help warm you up a little. EDIT: To clarify, turn the oven off BEFORE leaving open. + +&#x200B; + +7. Keep the blinds and curtains open during the day to get some of that free solar warmth. + +&#x200B; + +8. Snuggle up with an animal if you have one. Its warm and lets be honest, we all love it. + +&#x200B; + +9. If the blanket you are underneath is cold to the touch, you need another blanket on top. + +&#x200B; + +10. Close the doors to rooms you don't use and especially the doors to whatever room you are in. With all the doors open there's going to be tons of air circulation which is bad for you if you don't have generous heating. It's the same concept as sleeping in a sleeping bag vs sleeping in a small room. + +&#x200B; + +11. If you use a laptop or computer regularly, consider moving it to your bedroom. The title bit of heat it creates might help keep your hands warm. (I let the exhaust from my computer blown under the sheets if I'm cold enough. + +&#x200B; + +12. Warm up by doing push ups are something to really feel the burn. Squats, butterfly kicks, and running in place are good examples. + +&#x200B; + +13. If you do have the heat on, be sure to close up the vents in other rooms you don't use. Theres no sense in heating rooms you don't use. + +14. If you're dating someone and trying to find a reason to suggest spending the night with them, a text saying something along the lines of " It's going to be cold tonight. You aren't going to freeze without me are you?" is a great way to sleep next to someone warm. + +Thats all I have time to write for now. If I think of anything else I'll add it in edits. Please comment any suggestions you guys have. + +EDIT: I've gotten a ton of great responses that I'll be adding as soon as I finish the quiz I forgot to do for a class. + +EDIT 2: Finished my quiz with 13 seconds to spare on the last attempt with a 100% so that was fun. ANYWAYS, I'm going to add these all in he order I read them and I'll try to link each suggestion to its respective user. + +&#x200B; + +15. u/cmerksmirk says to keep your heat on enough to keep your pipes from freezing. To add to that, open cabinets with pipes in them to help prevent freezing, and if they lack insulation inside or outside, put a pool noodle around them, if you can find a pool noodle this time of year. It's cheaper and has more uses. u/virgosdoitbetter suggests you keep your home above 55 degrees to keep pipes from freezing. + +&#x200B; + +16. u/cirmcalli gives a great suggestion of just a big fluffy blanket. You can get them cheap at Walmart and they're usually hella soft which is an added bonus. All around great investment. If you burrito yourself in it then get under the covers you'll never be cold again. + +&#x200B; + +17. u/sjh1985 says to heat up a bottle of water to stay warm. I suggest doing this with the cap off unless you want to really humidify your microwave. Also be careful not to burn yourself! u/Justanothergamerwife also mentions to use (I prefer this method) a long sock, fill it with cheap rice (or dried beans), and microwave it foursome amount of time. I don't give specifics because it varies. 30 seconds usually gets it warm but its up to you. Again be careful not to burn yourself. This trick also works great to relieve muscle pain for next to no cost. Another great perk of this idea is that you never have to throw it away so long as you keep it dry. A few users said to put some flavored tea in there with the rice to get a nice smell. + +&#x200B; + +18. u/cheftard hits us with a few suggestions. The first is to bring your next days clothes into bed with you to make getting out of bed the next day a lot easier. Its also extra insulation so that's cool. The second suggestion is is to keep your bed away from exterior walls as hey are thermal weak points. The third is to cover bedroom windows with a plastic sheet or blankets to put another pocket of air between you and Jack Frost as well as reducing those cold drafts nipping at your toes. This idea was also suggested by u/superkp u/bradyhaha u/lakija u/doggoneithavok so thanks to you guys as well! Many more redactors commented on this thread mentioning you can use anything from painters plastic to. + +&#x200B; + +19. u/meowwwit says to have your ceiling fan rotate clockwise. What I think this Redditor means is to have the fan push air up(?) to help get the warm air on the ceiling to come down into the room. I know this one works for sure but I can't tell you the specifics on the fan because I am not a fan expert. Thanks for the tip anyways! + +&#x200B; + +I HAVE MUCH MORE TO WRITE BUT I HAVE TO LEAVE WORK NO AND START MY STREAM SO I'LL GET BACK TO THIS AS SOON AS I CAN. THANKS SO MUCH EVERYONE WHO COMMENTED! KEPP THEM COMING! +I recently turned 16 and was looking the best ways to save and invest this money as a get closer to college what are the best ideas for this small amount of money to go further over time for me and I have taken some of Dave Ramsey’s stuff and listen to his podcast and have heard about this book Called Rich Dad poor dad I want to become more financially literate and more responsible with my money to establish good habits Thanks! +Heyo fellow users! Spring is upon us in the northern hemisphere and I would like to make a post about ways for us to grow our own food. I am currently on SNAP so I know the difficulty of getting yourself fed and would like to share some knowledge I have. + +Basically, for $4 you could have 3 tubs of 2-4 (Min of 6. Max of around 12) plants each that in the first stage of fruition would yield you more than your money back. + +Disclaimer here; I do not claim to be a professional by any means, my knowledge comes from having parents that grew and canned their own food for generations and a mother who grew up in intense poverty (If they didn't grow their food, they didn't eat. This is post depression ((USA)) era poverty might I add.) + +I will be splitting this up into two segments, the first being basics to get started. The second, some protips I've found out over the years. + +**The Basics of Indoor Gardening** + +*If you would like to purchase seedlings skip to the next section* + +* **Let's start out with your seeds!** The cheapest I have ever found seed packets were 3 for $1 at the Dollar Tree. Sometimes you can snag a deal on packets at Walmart for a few cents cheaper. I **DO NOT** recommend Lowe's or Home Depot for seeds, they are usually overpriced. You can also find Plastic tubs to keep your plants in at Dollar Tree for a buck each. + +* On to tubs to hold your plants in. I find anything plastic or metal that is around 2ft in length will hold 1-2 fully mature plants. + +* Soil? You can get it for free! If you have any wooded area's near you feel free to go with a trash bag and shovel. You can cut an old milk jug at a 45 degree angle to make a DIY scoop to get the soil quicker, don't be afraid to get your fingers dirty breaking the top layer of soil! If you prefer to get higher quality soil you are welcome learn composting or to purchase a bag from any store that sells it. + +* **This is a very important thing to remember** You will have the healthiest plants if you start with seedlings and later transfer to larger pots. For seedling holders, use any old yogurt cup, used solo cup, small paper cups, old mason jars from pasta sauce (I don't fully support using glass jars or your own plastic drinking cups. We'll get to that later) etc. Sprinkle 2-4 seeds 2-4in deep in the soil of your holder and set them by your windowsill or on a shady area of your porch. Water as directed and bring inside whenever there is inclement weather or intense heat. Allow these to grow til their second set of leaves sprout, that is the best rule of thumb to let you know when to transplant them. + +**Planting your seedlings** + +* Once you have your seedlings matured, tubs and soil, cut the holder along one side and gently place the seedling (soil and all) into a hole dug just an inch or two deeper than the seedling's soil. Group 1-2 seedlings together at least 3in from the edge of the tub. Why group a couple together? Because not all seedlings are promised to mature. Then repeat this the recommended length apart from one another. A good rule of thumb I've found is about 5in will be perfect for most any plant regardless of the packet's directions. + + +**Now you've got your seedlings in their forever home!** + + Okay now I have some baby plants in a bin, what next? + +* Next we will place our tubs of seedlings near a window, if your room is painted any variant of white (Cream, tan, etc.) you can place your plants just slightly out of the sunlight due to light reflecting off of the walls, for example; on your kitchen table, nightstand in bedroom or end table in living room. Feel free to put a surface next to a window to give it the most light possible. + +* Now is the easier part in my opinion. Water your plants as needed. Simply keep your packets handy to reference to amount of water needed for each plant. I keep mine on my fridge with the name of the plant taped to the tub so I don't forget. + +* Be patient! Your plants will grow with some good tlc and time. I suggest pruning dead or dry leaves to keep their nutrients in and rotating your plants whenever you notice they are leaning towards the light. + +* Pow! In a few weeks/months you will have produce to eat! + + +**Protips For Growing** + +* Some plants such as tomatoes will need a little helping hand for their vines to grow accordingly, Place a stick per seedling next to their leaves so they have some support to carry their fruit later. + +* If you spot any light specs on your leaves that are not natural to their standard coloring your soil is too acidic, if you can get some wood to burn (even just some small sticks) spread ashes in the soil to correct the Ph balance. + +* Position your sunshine loving plants to the north for all day sunshine. + +* Growing indoors is a good way to protect your plants for pests and diseases. + +* Don't wan't to pay for seeds? If you're already buying organic produce you can take the seeds out of the produce and plant them. + +* Composting is a whole different post in and of itself but, if you can compost you can have amazingly nutritious soil for basically nothing. + +* Try to keep your home around 70 degrees for optimal growth of most plants, anything lower than 60 will slow their growth or possibly kill them. Most homes are around 70 in most months of the year. + +* **Not all plants have to be grown as separate seedlings, you can directly plant some seeds. Usually vegetables can be directly sown from seeds. A quick google search will tell you if you can.** + +* You can grow any plant out of season with the right conditions indoors. + +* **My favorite tip, place plants in your bathroom. When you shower the steam will water the plants for you** + +* During the winter keep plants away from windowsills + +* **Don't have time to water your plants? Make a self watering pot by poking holes on the neck of a plastic bottle, screw the cap on and the soil will absorb water when needed.** You can also put plant nutrients in the water for extra benefits. + +* If you have florescent light bulbs installed in your home they will benefit low to medium range lighting plants. Red wavelength light is best for bringing plants to fruition if you do not have much natural light (Search incandescent light bulbs). + +* **Set aside the seeds from your best veggie/fruit to grow your next plant free** + +Hope this helps! If it wasn't for my indoor garden I wouldn't have had anything more than rice and beans to eat at least a week out of the month. + +Edit: Again, I am by no means a professional, but I felt it would be worthwhile to take the time to write this to give people a starting point for growing indoors. There are always better ways to grow produce than how I listed, I grow my own plants on a larger scale than this. This post is meant to be a starting point for someone looking to grow their own food, not a gospel truth. + +Edit 2: thank you so much to the person who have me gold! I will be doing a part 2 with more tips that I know and that the redditors of this thread have offered as well as easy starter plants for beginner's to grow. The post should be up this evening! +Title says it all really. This subreddit has been good to my gains this year so I'd like to give back by providing this service if its useful to people. I know solutions currently exist but have heard pretty poor things about them. So I'm trying to gauge how many people might be interested in something that takes the documents the exchanges give you and generates actual useable data by going back and looking at market history and determining US dollar value at time of transaction. + +I could write this pretty quick but won't waist my time if there is no need. Upvote or comment if you have interest in something like this. Feel free to give suggestions on what you would like to see included in the product. If no one needs this then I won't bother developing it for the public. You're call reddit. + +Edit: Developers pm me and I can send you repo details soon if you would like to contribute. + +Edit 2: Lots of messages from awesome people looking to help. This might just become something! I will be getting back to all of the developers who messaged me... might take me through the weekend to get back to everyone. +"Cryptocurrencies that are not considered sustainable may not be issued, offered or traded within the EU." + +https://www.reddit.com/r/Bitcoin/comments/tchz57/proof_of_work_ban_in_europe_call_to_action_engage/ +Guten Morgen to this global band of Apes! 👋🦍 + +Monday was quite the treat, was it not? Immediately following the end of my updates yesterday, the US premarket suddenly tanked the price for another dip. It did not last! The day had relatively low volume, but it was certainly lively. + +Obviously that wasn't the big news of the day. Yesterday, Citadel challenged the SEC in court to challenge the approval of IEX's D-Limit order type, and their arguments were thoroughly trounced for all to see. IEX's fantastic lawyer extracted some amazing concessions from Citadel's lawyer, and demonstrated clearly that Citadel does not in fact represent retail traders' interests. I do not see any way that the Justices would rule to overturn the the SEC on this. + +Additionally, Fidelity has now added IEX as a routing option, and it couldn't have come at a better time. While many Apes are choosing to buy shares through ComputerShare, a large portion of the float still resides at Fidelity, and when the MOASS comes any sales that avoid the dark pools and go through IEX will force the short hedge funds to close their short positions at IEX. DRS at ComputerShare continues to be the way, but routing Fidelity orders through IEX is *also* the way. + +Today is Tuesday, October 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$173.51 / 149,54 €** *(volume: 1304)* +- 🟩 115 minutes in: $173.19 / 149,26 € *(volume: 1237)* +- 🟩 110 minutes in: $173.17 / 149,25 € *(volume: 1234)* +- 🟥 105 minutes in: $173.16 / 149,24 € *(volume: 1232)* +- 🟩 100 minutes in: $173.26 / 149,32 € *(volume: 1193)* +- 🟩 95 minutes in: $173.25 / 149,31 € *(volume: 1192)* +- 🟥 90 minutes in: $173.20 / 149,28 € *(volume: 1188)* +- 🟩 85 minutes in: $173.84 / 149,82 € *(volume: 1134)* +- 🟩 80 minutes in: $173.23 / 149,30 € *(volume: 1123)* +- 🟥 75 minutes in: $173.20 / 149,28 € *(volume: 1094)* +- 🟥 70 minutes in: $173.22 / 149,29 € *(volume: 1089)* +- 🟥 65 minutes in: $173.46 / 149,50 € *(volume: 1068)* +- 🟥 60 minutes in: $173.97 / 149,94 € *(volume: 926)* +- 🟩 55 minutes in: $174.03 / 149,99 € *(volume: 921)* +- ⬜ 50 minutes in: $173.97 / 149,94 € *(volume: 882)* +- 🟩 45 minutes in: $173.97 / 149,94 € *(volume: 828)* +- 🟥 40 minutes in: $173.91 / 149,89 € *(volume: 792)* +- 🟩 35 minutes in: $173.99 / 149,95 € *(volume: 783)* +- 🟩 30 minutes in: $173.91 / 149,89 € *(volume: 759)* +- 🟥 25 minutes in: $173.89 / 149,86 € *(volume: 652)* +- 🟩 20 minutes in: $173.90 / 149,88 € *(volume: 420)* +- 🟩 15 minutes in: $173.89 / 149,86 € *(volume: 357)* +- 🟩 10 minutes in: $173.75 / 149,75 € *(volume: 282)* +- 🟩 5 minutes in: $173.71 / 149,71 € *(volume: 221)* +- 🟥 0 minutes in: $173.70 / 149,70 € *(volume: 220)* +- 🟩 US close price: $173.97 / 149,94 € *($172.86 / 148,98 € 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 1.1603. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I mean you'd need a 3 million portfolio to be able to really enjoy your retirement with that. + +With a million portfolio, even as an addition to SS, unless you just want to sit on the porch and whittle you won't be doing much "living" with 3% return on a million. + +Interested in perspective. +Just curious what everyone is doing. Market is down like 10% over however many months. Experts are expecting 6-12 months to see final correction. Interest isn’t changing for the better. My credit isn’t good enough to BRRR as exit strategy. I just finished a creatively financed flip, it will profit, cuz it was a unicorn. I’m new to the money side of things (only two houses flipped, used creative financing for both). How are flippers changing their numbers to match the market, and do you think it’s a good idea to keep flipping, or wait til market settles down a bit? + +My next house would be with hard money. I’m talking to out if state landlords and they all seem to think they are sitting on gold. Wholesalers (the one in the area) seems like he’s trying to sell for retail prices. I don’t think I could even get a hard money lender to approve a deal at this point. +Hi guys! + +A bit about me: I'm 24 years old living in Boston and have a job in tech. I'm not quite through my first year (around 10 months in as of now) of full employment after college, but I've always been a huge saver, and have a bit saved up to invest. I've put roughly 15k into 401k/IRA already and have around 25k to invest in real estate. + +Given the recent global and economic turmoil, I've been looking for ways to add a second stream of income that would be (relatively) low effort and long term. + +As such, I was looking into buying a rental property or two for the following reasons: + +1- Builds equity (this is key, since I'm young) + +2- It's an investment vehicle that offers a high cashflow relative to other asset classes (in the example below, the monthly rental income is 2% the value of the home) + +3- I could set it up as an LLC (or other entity, if that's recommended) which would look good on my future grad school applications + +4- My plan is to hire a property manager, which would lessen my overall time commitment. In essence, this would be *almost* completely passive income. + +5- This one is big: The company I work for is owned by a bank. This means I have tight restrictions on investing in traditional assets like stocks, indexes, bonds, ETFs, etc. I hate dealing with the compliance side of this. Real estate is not so regulated by my employer, so this is a big part of it. + +&#x200B; + +I grew up in the Detroit area, have family there, and I know that real estate markets there are pretty undervalued (I think median home price is around 45k, with median rental price in the mid 800's) so I was thinking of: + +A) Waiting another 3-4 months and buying a house debt free to rent + +B) Waiting another 3-4 months and buying a house with a mortgage and a high down payment to have more equity/lower monthly mortgage costs. + +C) Waiting another 3-4 months and buying two or three houses on mortgages, with a parent co-signing on one of them. + +For all three of these options, I'd hire a property management firm to collect the rent, deal with the tenants and manage the properties so that I could essentially just coast. I'd be more than happy allocating the 10% fee that seems industry standard for these services. + +Let me know what your thoughts are on this, definitely looking for guidance as this would be my first big investment venture. Thanks guys! +Hi guys! + +A bit about me: I'm 24 years old living in Boston and have a job in tech. I'm not quite through my first year (around 10 months in as of now) of full employment after college, but I've always been a huge saver, and have a bit saved up to invest. I've put roughly 15k into 401k/IRA already and have around 25k to invest in real estate. + +Given the recent global and economic turmoil, I've been looking for ways to add a second stream of income that would be (relatively) low effort and long term. + +As such, I was looking into buying a rental property or two for the following reasons: + +1- Builds equity (this is key, since I'm young) + +2- It's an investment vehicle that offers a high cashflow relative to other asset classes (in the example below, the monthly rental income is 2% the value of the home) + +3- I could set it up as an LLC (or other entity, if that's recommended) which would look good on my future grad school applications + +4- My plan is to hire a property manager, which would lessen my overall time commitment. In essence, this would be *almost* completely passive income. + +5- This one is big: The company I work for is owned by a bank. This means I have tight restrictions on investing in traditional assets like stocks, indexes, bonds, ETFs, etc. I hate dealing with the compliance side of this. Real estate is not so regulated by my employer, so this is a big part of it. + +&#x200B; + +I grew up in the Detroit area, have family there, and I know that real estate markets there are pretty undervalued (I think median home price is around 45k, with median rental price in the mid 800's) so I was thinking of: + +A) Waiting another 3-4 months and buying a house debt free to rent + +B) Waiting another 3-4 months and buying a house with a mortgage and a high down payment to have more equity/lower monthly mortgage costs. + +C) Waiting another 3-4 months and buying two or three houses on mortgages, with a parent co-signing on one of them. + +For all three of these options, I'd hire a property management firm to collect the rent, deal with the tenants and manage the properties so that I could essentially just coast. I'd be more than happy allocating the 10% fee that seems industry standard for these services. + +Let me know what your thoughts are on this, definitely looking for guidance as this would be my first big investment venture. Thanks guys! +Something that I thought might be worth mentioning again given the current downturn in the market is that you can contribute any savings you might have into your super fund, then lodge a [Notice of intent to claim a deduction](https://www.ato.gov.au/forms/notice-of-intent-to-claim-or-vary-a-deduction-for-personal-super-contributions/) form to your super fund before you lodge your tax return. + +Most funds should accept BPay with your account number, details should be available on their site. I'm making use of this given the market conditions and will contribute regular albeit small additional amounts in the coming weeks/months. + +In layman's terms this means that any post-tax contribution you make, as long as it's under the 25k concessional cap, can be treated as a concessional (pre-tax) contribution if you lodge the form above. This is equivalent to having salary-sacrificed that amount through payroll, but without the rigmarole of doing so. + +Also a good reminder to see if your employer is paying super regularly! +On 5/23 I was given a receipt after making a purchase with my credit card. Card reader approved the transaction and everything seemed normal. + +Later that day I received a phone call from the store saying my purchase was invalid as it was rung as CASH and not CREDIT and was reflected on the receipt. I cannot find the receipt to confirm but do not have a posted charge on my bank statement. + +Should I go back to fix this even though it wasn't my mistake? + +EDIT: To update anyone who cares, I did go back and pay for it and received 10% off for my next purchase! +I've been living in poverty my entire life. My family of 7 didn't eat breakfast unless we could afford a box of Kix, usually skipped lunch, and then shared a box of Kraft dinner between ask of us. If you were still hungry after that, my mom would break out the Top Ramen packs. I didn't try most of the vegetables I love now until I was an adult. You bet I'm overweight because my entire diet consisted of awkward fasting and carbs. + +We lived in a 2 bedroom apartment, all the kids in one room. My mom was a casino dealer (who often tried to gamble her tips at the end of her shift) and my step dad was a deadbeat. + +I'm now 27, and I've been carrying the debts and horrible spending habits my entire adult life. But recently, as in this month recently, people have been actually commissioning artwork from me, and all of a sudden I have enough in my accounts to pay off my credit cards and collections notices. I have 1 credit card left to pay off. It's down to $1000 and I'm honestly in shock. I'm so close, and there's this part of me that's kind of afraid to feel what it feels like to not be in debt. Being in debt has been my main motivation to making money in the first place. It's a constant pressure in the back of my mind, that generally keeps me going. So what will be my motivation in the future? + +*Edit 1*: I'd like to mention that I didn't mean what should I physically do next (I actually work for a financial advisor so I know about the 6-months savings / retirement funds, etc. Working for her has helped me learn SO MUCH about spending habits and steps to climb out of the hole). I mean *emotionally*, how do I handle being out of debt? If that makes sense. Debt is comfortable to me, I'm used to it. My partner says it sounds like I've built some kind of Stockholm syndrome around my debt. + +I'll figure it out. Regardless of all the worries, I'm *so close* and **super excited**. + +*Edit 2*: [a few people have asked to see my art so I'm posting a link to a few of them.](https://imgur.com/a/6S7PMyf) +Here we are. Almost 10 month into the year. I remember quad witching day. +I remember March when price dropped from 350 to 170 in 20 min. +I remember every hype day. + +Didn't get phased + +But what I am about to say, in my opinion is the most important thing + +NO FUCKING DATES. 27TH SEPTEMBER TILL 7TH OCTOBER? +ITS FUCKING DATES. +WHAT HAPPENS WHEN NOTHING HAPPENS BETWEEN THOSE DATES? + +HELL WHAT HAPPENS WHEN PRICE GOES TO 10K AND THRN DROPS TO 200? + +DO YOU KNOW WHAT YOULL HAVE? A CAMPAIGN OF iTs OvEr. SeLl bEfOrE iT gOeS lOwEr. + +Don't forget YOU have a MINIMUM Floor. + +Mine is XXX mil. What's yours? + +Is 10k that? Is 1 mil that? Is 10 mil that? + +Don't forget you don't even sell on the floor. ITS THE FUCKING FLOOR. You sell on the way DOWN. + +BE FUCKING GREEDY. WHEN THEY ARE SCARED YOU BE FUCKING GREEDY. + + +NO CELL NO SELL. + +NO FUCKING DATES. + + +I SEE SCINARIO BEING PUSHED FED WILL NOT LET THIS HAPPEN OR THST HAPPEN. + + +THEY HAVE LET EVERYTHING HAPPEN. NO ONE WILL DO JACK SHIT FOR INDIVIDUAL INVESTOR. + +JUST LOOK AFTER YOU. + +DONT FALL FOR SHILL DATES + + +JUST REMEMBER PHONE NUMBER FOR X HOLDERS OR BUST. + +OVER AND OUT + +Edit: dates +Edit 2: obviously not a financial advice. I eat crayons for breakfast lunch and dinner. Desert 🖍 🖍 too. Mostly red +So I was wondering what makes the Bloomberg terminal worth $20k, what can you do with it that you can’t find online. Basically I’m asking why is it $20k? I have access to it as a finance student and as amazing as it is to have information on any company at the tip of your fingers, I don’t see how it’s worth $20k as all the information I find on it can be found by doing some searching. +This is taken from a recruitment company, so certainly biased to declining counter offers, but I think it makes some really good points that people should think about when resigning for a better job: + +Following your resignation, you will most likely receive a counter offer from your employer. Counter offers are essentially filling a gap for a company to buy time to find your replacement. Therefore, they can afford to promise you a lucrative offer, that will not be delivered on, as you will be released from your duties as soon as they have a suitable replacement ready. + +Counter offers focus around 4 very influential aspects, and typically a counter offer will cover at least three of these areas. The objective of a company producing a counter offer is to promise a deal that sounds better then the offer you have received, and statistically the majority of people who accept counteroffers are looking for a new role within a year. + +The four areas of high influence are: + +1. Remuneration Promise. +You will be offered an increase in base salary that will be more then the offer received. This is effectively the easiest way for an organization to maintain your services whilst looking for a replacement. The reality is that this increase will be an advance on your bonus, and should you make it to the next bonus period, your total remuneration will remain the same. The employer will also promise an increase in your discretionary element, with a view of replacing you before the bonus season comes round. + +2. Emotional Attachment. +Your current employer will use senior members, including your direct report, to play on your emotional attachment to the organization. Typically, this includes the management mentioning how disappointed they are in your decision, mentioning that they had really high hopes for you, and that they saw you as a very important member to the future of the group and how you are a natural fit to grow into a senior management position. Remember, this move is about YOUR career, not your friends so don’t be emotionally bullied into staying. + +3. Promotion Promise. +Following on from the Emotional aspect, organizations look to affect your decision by making you scared of the ‘missed opportunity’. We see this consistently implemented by senior management - taking about a promotion to lead a division or a new structure, that is just round the corner. They usually say they are finalizing the strategic plans, and that you were in line for a promotion to lead an important and highly influential division. Remember, if there really was a promotion available for you, why did they wait until now to produce it? It’s just to appease you into staying. + +4. Career Development. +The employer will ask the reason behind your decision to take another opportunity, reassuring the groups commitments to the points you have mentioned. In your case they will most likely discuss how the group has a view to expand your division, and how they will deliver on the promise first made about growing you team and managerial aspects. + +Edit: Should have prefaced this a bit better. This doesn't always happen by any means. This is just a short guide on some of the potential red flags to look out for when resigning. +\#TLDR + +Didn't believe congressmen backed by wall st would care about ape comments and wanted to know why. I ended up going down a bit of a rabbit hole. Turns out certain members of the Financial Services Committee (the gov body governing the SEC) been complaining about Gensler for a long time and hassle him on the regular. Some interesting insight about how Wall St-backed politicians on the financial services committee view the controversial Chairman, and new info on PFOF pushback. With the midterms coming up, we could see the committee ruling the SEC go from very permissive to kicking Gensler out entirely. + +Contrary to popular memes and emojis, Gensler has been pushing the limits of what the SEC can do: the hard numbers say he's been moving faster and doing more than any Chair in history. And Wall St is fighting back. I saw the post about "rotating villain theory"; urban dictionary is cool and all, but let's do some DD. Gensler is getting blowback that chairs before him have not seen. + +Here are the receipts. + +# Background + +Four days ago on October 16, 2022, Republican members of the Financial Services Committee sent a letter to Chairman Gary Gensler complaining about the recent 'glitch' and how comment periods were reopened. The SEC reopened comment periods for several release: [https://www.sec.gov/news/press-release/2022-186](https://www.sec.gov/news/press-release/2022-186). Actually, more than several (see below). This re-opening has allowed apes to flood into the comments on rules governing the ways that short sellers attack GME: loaning of our shares, synthetic shorting via ETFs, and swaps. So that's been nice. + +https://preview.redd.it/ggcy96ltmbv91.png?width=641&format=png&auto=webp&s=723d7a89febd99d76c625cab49f5b4948e742433 + +I decided to look into why they care about this, and found a very interesting trail of complaints and letter from Republican members of the committee. Let's go down a (short) rabbit hole :) + +# Certain Members of the Financial Services Committee are Not Happy With Gary + +Here is the letter that started this little trip: + +[https://republicans-financialservices.house.gov/uploadedfiles/2022-10-16\_fsc\_cm\_\_to\_gensler-comments\_glitch\_proxy\_advisor\_rule\_final\_final.pdf](https://republicans-financialservices.house.gov/uploadedfiles/2022-10-16_fsc_cm__to_gensler-comments_glitch_proxy_advisor_rule_final_final.pdf) + +[Waiting on Trimbath to tell us more about why they care so much about proxy voting advice... as far as I can tell, it's just a rule compelling accurate and timely information given to shareholders, and removing exemptions for misleading information.](https://preview.redd.it/o7ye5boilbv91.png?width=939&format=png&auto=webp&s=2ee418c03f55b7f626ad98cedd0fdbc4edcdb974) + +I wanted to know the motivation behind this letter. As such my first question was: who are the people writing? It was 8 of them, led by some ranking members: + +[Patrick McHenry and Bill Huizenga](https://preview.redd.it/zfbnwuxzmbv91.png?width=858&format=png&auto=webp&s=57bcba52e0a8bfd9f9978d304035b44998e26f0b) + +This is where things started to get interesting for me. + +Patrick McHenry [gets most of his donations from the financial sector](https://www.opensecrets.org/members-of-congress/patrick-mchenry/contributors), including familiar names like BNY Mellon, Fidelity, JPM, and Apollo Global Management. Bill Huizenga is [similar](https://www.opensecrets.org/members-of-congress/bill-huizenga/contributors), with Apollo making another appearance. Note that the campaign donations we can see are only a small piece of what politicians actually receive. For example, Patrick McHenry [has his eye on the chairmanship of the Financial Services Committee](https://rollcall.com/2022/07/26/mchenry-eyeing-house-financial-services-chair-racks-up-campaign-donations/) and has about $1.6 million in his coffers. + +# Letters to Gary + +It turns out that these two and other powerful Republicans have been challenging Gensler and complaining about him for months. + +# May 2022 Letter + +In May 2022 they [sent a letter to the Chairwoman](https://republicans-financialservices.house.gov/uploadedfiles/2022-05-05_pmc_bh_letter_to_waters-full_commission_hearing.pdf) complaining that + +[\\"scorched earth\\" sounds like what we want... but the memes say gary bad!!](https://preview.redd.it/og66i7gopbv91.png?width=815&format=png&auto=webp&s=4ee1fed66c6a342282856aeb9881264fe618cb2e) + +The comment on comment periods aligns exactly with complaints from funds and firms: Gensler is pushing them by cutting comment periods in half to get more regulations in place, faster. Here is an example from the American Securities Association's response to rule 10c-1: + +[muh time frames\~!](https://preview.redd.it/mpvcxqvurbv91.png?width=810&format=png&auto=webp&s=836d4086131d22e2faeb1df2f0f046063aae1f8d) + +The letter goes on to complain that Gensler isn't doing anything for "capital formation" and not helping corporations at all. 'Capital formation' is a favorite buzzword that means 'helping hedge funds'. Of all the historic number of rules proposed so far, not one is about capital formation. Not. One. + +# June 2022 Letter + +On June 15 2022, Senator Pat Toomey and others sent a letter challenging Gensler's authority to regulate. FYI, Pat Toomey is the guy who is working to protect PFOF and [might be the one who prevented a ban](https://finance.yahoo.com/news/why-this-republican-senator-wants-to-protect-a-controversial-trading-practice-141219129.html): + +[TIL Senators told Gensler to fuck off about banning PFOF](https://preview.redd.it/iqjrf6otsbv91.png?width=696&format=png&auto=webp&s=f78375d9564e3a9dbc40bde7f61501005b201362) + +Toomey and others accused Gensler of "...hijacking the democratic process" by proposing a rule that required climate-related disclosures. [Gensler seems to have really angered the oil & gas industry with that one.](https://www.banking.senate.gov/imo/media/doc/banking_republicans_to_gensler_on_climate_proposal1.pdf) + +# September 2022 Letter + +On September 15 2022, Huizenga [complained](https://huizenga.house.gov/news/documentsingle.aspx?DocumentID=401489) that Gensler was not appearing before the committee, remarking that *"...the SEC has embarked on an unprecedented regulatory agenda that touches every corner of our capital markets"* and urging that Gensler be compelled to testify (spoiler: he wasn't). + +On September 22 2022, McHenry and two Leaders Kay Granger and James Comer sent a letter challenging the SEC's authority to regulate multiple areas, **including dark pools, SPACs, and shell companies**: + +[Looks like Patrick McHenry doesn't want Gary to touch dark pools.](https://preview.redd.it/ds64vc83rbv91.png?width=840&format=png&auto=webp&s=858fa2fe8fa623d7b9fc1ae3c7a12ae82316313f) + +This suggests to me that while the Committee is currently pretty permissive when it comes to Gensler (e.g., no one is stopping him from regulating dark pools rn), [things could change in future.](https://www.financialadvisoriq.com/c/3762534/486253/authority_could_shrink_gains_house_control) + +# Extremely Unpopular Conclusion: Gary Gensler is Actually Doing His Job??? + +This is where I get downvoted. I get that many apes feel negative feelings when they see Gensler. This isn't about feelings. This is about facts and DD. + +\- **Fact: the SEC is limited in its authority and it sucks that the SEC has these limits. That needs to change.** But the limits are placed by Congress, and that's a problem that only the American electorate can solve. I hope they do. + +\- **Fact: Gensler has proposed more rules than any chair every has in history.** More than 2x in his time so far. This shows a major motivation to do a lot in a short period of time, and all hard evidence supports this. The actual, hard numbers put the "but it's only his 400th day!" jokes into sharp relief: memes are saying one thing, reality is saying another. + +\- **Fact: the rules that are proposed are for regulating** [swaps](https://www.sec.gov/rules/proposed/2021/34-93784-fact-sheet.pdf)**,** [securities lending](https://www.sec.gov/rules/proposed/2021/34-93613-fact-sheet.pdf)**,** [dark pools](https://www.sec.gov/files/34-94062-fact-sheet.pdf)**,** [short selling](https://www.sec.gov/files/34-94314-fact-sheet.pdf)**, and more things we care about INSTEAD OF capital formation;** he has proposed zero pro-corp rules. **ZERO,** of all the historic number proposed so far. This shows a complete deprioritization of the pro-wall st agendas we have seen before; this kind of focus shift ... to my knowledge it hasn't happened before. + +When we examine the concrete actions of major political and financial players, we see that Gensler is taking heat from just about everyone aligned with Wall Street. I looked at the sort of feedback the prior chair, Jay Clayton, received. While Gensler is constantly being told he's doing too much and overstepping his authority, Jay Clayton was told he wasn't doing enough and had a 'deregulatory agenda' (which, looking at his rules, he did). The receipts: + +\- [https://financialservices.house.gov/uploadedfiles/6.25.2020\_sec\_letter.pdf](https://financialservices.house.gov/uploadedfiles/6.25.2020_sec_letter.pdf) + +\- [https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=406984](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=406984) + +\- [https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=406698](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=406698) + +\- Etc. + +Many different sources are saying he's pushing too much, going too far. That he doesn't have the authority to do as much as he is. For example, for at the hearing where the bank CEOs went before the Financial Services Committee, Republican Congresswoman Ann Wagner said [“We have an SEC chair moving at breakneck speed, proposing a historic number of rules…”](https://www.youtube.com/watch?v=ggeULNqap1U&t=3840s). Hell, Doug Cifu, CEO of Virtu Capital and major proponent of PFOF fucking hates Gensler: + +[This tweet is the same format we see apes use. Weird that some ape accounts sound exactly like the CEO of Virtu Capital. ](https://preview.redd.it/7o59rfz0wbv91.png?width=650&format=png&auto=webp&s=398b2e36951a2cb63514fe404afaed69fe33470e) + +[Virtu threatens litigation for years if Gensler touches PFOF](https://preview.redd.it/dd81c2scxbv91.png?width=810&format=png&auto=webp&s=0fc76865b42e8721f46f6b145c5bebd428e5ffe2) + +In comments, funds and firms are railing against the new rules. Like Citadel, for instance: + +[How much did Ken pay his lawyers to craft this?](https://preview.redd.it/qcifu3qztbv91.png?width=1234&format=png&auto=webp&s=b98a7ab16dcdcd87c73f152afc019616a0ad00c8) + +It seems popular to think that everything we see is fake news and that reality is something else. But the reality is that politicians fight each other and advocate for their big donors. The reality is that hedge funds and firms lobby hard against things that would harm them. We are seeing Wall St-backed politicians challenge Gensler's agenda and we might see them kick him out. We are seeing Citadel explicitly fight what Gensler's is doing; how some people find that ambiguous is beyond me. We are seeing pro-PFOF and anti-retail Senators *literally craft legislation to stop him* (and they succeeded). + +While the memes on twitter and on Reddit (mainly focused around popcorn) say one thing, the reality of the proposed rules and the reaction Gensler is getting from politicians, funds, and firms is very different. + +Forbes published this: + +[fuckin barf, bro](https://preview.redd.it/hrvhe8jr0cv91.png?width=640&format=png&auto=webp&s=fd3d60d5851433b1153e5bbbfc0018a7b913631c) + +and then this: + +[And suddenly apes trusted MSM Forbes, after they publicly jerked off Ken Griffin? I feel like I'm taking crazy pills!](https://preview.redd.it/dctnrfpy0cv91.png?width=855&format=png&auto=webp&s=72202044be19897e1dc32a7c139ade532a9ae6cb) + +It's OK to say Gensler isn't going far enough. I feel that way too and it's why I work to comment on rules and push them further. We are way beyond 'progressive' into the realm of 'tear that shit down'. Gensler is 'just' very progressive. That difference doesn't mean we should fight progress; that goes against our interests. And many powerful groups want us to [act against our best interests.](https://www.reddit.com/r/Superstonk/comments/wb2voh/memetic_warfare_the_sec_and_wall_streets_secret/) + +The evidence shows us that Gensler is pushing things as far as he possibly can, to the fucking limit and over it. He's cutting rule comment times in half and not giving any fund or firm enough time to react: they are complaining and trying to delay constantly. He's clearly enemies with Citadel and Virtu, and causing problems for parts of Congress. He's not showing up to talk about what he's doing and that's angering some people, too. + +Again: I looked at how prior Chairs were treated and spoken to, and it is vastly different from what we are seeing now. + +**Again: it sucks that the SEC has these limits. That needs to change.** But the limits are placed by Congress, and that's a problem that only the American electorate can solve. I hope they do. + +In the meantime, we have to work with what we have to force the changes we want. I believe we are powerful and can do historic things. I hope you agree. Tomorrow I'll post a guide for commenting on the securities lending and short selling rules so more apes can get involved. Fuck synthetic shorting via ETFs, fuck secret lending of broker shares. + +The longer apes stay in the dark about the reality of the situation, the more time we all waste. And \*that's the entire point\*: waste time until it's too late. The regulatory winds are blowing in our direction like never before, and Wall St wants you to waste it hating on their opponents. Shilling only works when you don't know it's there. + +Thank you for reading, and good luck out there. +&#x200B; + +https://preview.redd.it/z5uza7n3a2m71.png?width=1600&format=png&auto=webp&s=afd52b1cef3d4ee8d5d6daba20b02f727879ac19 + +It is a wonderful day to be up and in the jungle! I regret to inform you all that this will be my last post for The Daily Stonk. + +I have had some things happen over the weekend where I am not in a good headspace to be able to keep curating as much information and try to pull it together for everyone. Mental health is an important thing and it is something that I will spend my moon money on bettering and advocating for. I will help whoever picks up the mantle however I can. If anyone would like to take it over please feel free to message me or respond to this post. + +Earnings report tomorrow. DFV over the weekend. Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. BUY and HODL. + +Until next time friends. + +&#x200B; + +[Smell Ya Later](https://i.redd.it/zy27bpbna2m71.gif) +I am sorry for you guys that was early in your commitment to Computershare, and feel lost that we have still not locked the float. You might feel that you are alone and the rest of us are afraid and hesistant to DRS our shares. + +&#x200B; + +Fear not fellow ape, a storm is coming. + +&#x200B; + +People are starting to wake up to the fact that every broker, every bank, every media is against you. You understood this early and understood the only way to save YOUR shares from the black hole they created is to DRS the shares to YOUR name. When MOASS is coming all the brokers and banks will go bankrupt. We have told you to DRS your shares because it is the only way to ensure you will be paid. + +&#x200B; + +I am situated in Europe and I am terrified that when MOASS hit and I know our corrupt brokers who have denied us transfers to Comptutershare will go bankrupt. They only insure every retail account to 500 000$. Without getting my shares into Computershare I risk being left out of the MOASS. I know there is rule in place to protect my shares and this is not how it supposed to be played out, but this is an unique situation that has never happened before. They have fucked me over at every opportunity so far, why would they not do it again. + + +Europeans knows this. Americans you are not alone. We are coming. We have bought shares for over 400$ at "gift a share" to get a Computershare account. We have paid transfer fees of over 200$. We know how important it is getting our shares registered to our own names. It is the only way to make sure I will be in control and not left with only 500 000$. + + +The wave of european shares have just started. Computershare registration and the work getting them registered has not stopped. A storm is coming + **DXLP token will power the ecosystem**, not just an MVP, there is a fully working product. And the feedbacks from testnet bounty will be used for the development of version 2.0 of DxLaunchpad, and this will be out soon. + +The decentralized automated Launchpad platform which connects cryptocurrency projects owners with prospective investors and enables them to raise funds for development of their projects. We provide no entry-barrier, user-friendly, simple, secure and efficient fundraising platform utilizing blockchain technology in a fully decentralized manner. + +&#x200B; + +**DxLaunchpad Core benefits:** + +Trustless Fundraising + +Multi-Chain IDOCheaper FeesAutomatic DEX ListingFast and responsive support + +&#x200B; + +**🔍Transparency** + +The team is transparent, as this can be seen from the tokenomics. + +&#x200B; + +**📊 Growth** + +The community members are humans, no bot. And the revenue generated from DxLaunchpad platform will be used to buy back DXLP from the market, then burn the tokens. + +&#x200B; + + **🌍** **Decentralization** + +No team member, group or individual investor will have total control over the tokens, the distribution will be fair. + +&#x200B; + +**💰Token Staking** + +There will be a lot of earn options via staking because DxLaunchpad will partner with other projects to create staking dapp and farms where holders can earn interest on their DXLP + +&#x200B; + +**🪙 DXLP Token** + +This is a native utility token and it will be used for governance. + +&#x200B; + +📦 Decentralized Governance + +Development proposals will be voted by the community. + +&#x200B; + +🔊Marketing + +Only 2, 500,000 DXLP tokens will be dedicated to strategic marketing, it will be locked for 3 months, and re-locked if there is no need for it. + +&#x200B; + +⚠️ Slippage + +⬆️Buy: 3% + +Holders reward: 1.5% + +Buy back and Burn: 1.5% + +&#x200B; + +⬇️Sell: 3% + +Holders Reward: 1.5% + +Buy back and Burn: 1.5% + +&#x200B; + +🔄 Total Supply + +50,000,000 + +🔐 LP LOCK + +Liquidity will be locked for 365 Days + +&#x200B; + +**🗓 Presale Date** + +**27th of October 2021** + +💥Presale Link⭐️ + +Trustwallet: [http://dxsale.app/app/v3/defipresale?saleID=819&chain=BSC](http://dxsale.app/app/v3/defipresale?saleID=819&chain=BSC) + +Metamask: [https://dxsale.app/app/v3/defipresale?saleID=819&chain=BSC](https://dxsale.app/app/v3/defipresale?saleID=819&chain=BSC) + +&#x200B; + +**Official Links:** + +📲Join Telegram: [https://t.me/DxLaunchpad](https://t.me/DxLaunchpad) + +🪐Website: [https://dxlaunchpad.org/](https://dxlaunchpad.org/) + +🪐Product link: [https://dxlaunchpad.io/](https://dxlaunchpad.io/) + +🕊Twitter: [https://twitter.com/DXlaunchpad](https://twitter.com/DXlaunchpad) +Honest question. Not even trolling. + +But what the fuck does it feel like to be rich? Most cash I’ve ever had on me was 20k when I sold a car. I was surprised how small it actually was. I could fit the 20k in my pocket. + +Some of you guys BANKED money this past year and I know a lot already had money. What’s it feel like to have a mil plus just sitting around. + +Some of the losses and gains on here are wild. It’s fun to watch. But damn would I jump off a cliff if I lost 50k on options. I’d also shit my fucking pants if I made 50k on an option. +Recently, there's been a lot of articles linked on the broken window fallacy. The concept of opportunity costs is central to economics, and the broken window fallacy is a great illustration of this concept. However, people seem to be throwing the broken window fallacy around as a trump card without regard to the concept it promotes. The broken window fallacy relies on some assumptions that may not always hold. + +First, let's consider the argument the broken window fallacy seeks to refute: + +1. Destructive events generate economic activity to rebuild the lost goods. + +2. Thus, destructive activities increase economic growth. + +The broken window fallacy correctly questions the link between points 1 and 2 above. + + + 1. Had the destructive events not occurred, the resources used to rebuild would have been used for more productive activities. + + 2. Thus, the destructive events actually lowered economic growth. Economic growth would have been higher had the destructive events not occurred. + +This is certainly a valid argument, in that point 2 flows from point 1. However, people often just assume point 1 is correct without examining it. Why could it be wrong? Resources could be under-utilized (aka we're not at full employment). Point 1 assumes that the resources would have been utilized had the destructive event not occurred. If those resources would have otherwise been idle or wasted, then the broken window fallacy doesn't hold. This is especially applicable for human resources. When unemployment is high, the opportunity costs of a labor-intensive rebuilding effort is much lower. + +**In summary, if you tell others to consider opportunity costs, you should do so as well.** Don't just say there are opportunity costs which invalidates their argument; actually try to consider how much there is, and if that's enough to invalidate their argument. Sometimes, the opportunity costs aren't very high, and a destructive event can have a positive effect on economic growth. + +Looking at wealth (rather than economic growth) makes a stronger case for the broken window fallacy. It's still theoretically possible for destructive events to increase wealth due to the increased economic activity, but there would have to have been serious under-utilization of resources prior to the events to make up for the lost wealth from the destruction. The broken window fallacy is much more likely to hold true when applied to total wealth or resources, especially in extremely destructive events. Then again, this measures total wealth and does not consider changes in people's well-being from the distributional effects of the increased economic activity. + +(Note market failures and human psychology might also be reasons why a disaster might be beneficial economically, but those are much more difficult to measure or "count on".) + +If you disagree, please comment as to why you think this critique fails. + +(Edit: damn you Reddit, I type 3 and 4 and you display 1 and 2. I give up.) +I'm in a finance class in college right now, and we are each paper trading $100,000. The student in the lead right now is up about 6%. (I feel confident I could beat this easily, but I want to do something a little more risky.) No effect on grade, but there is a prize at the end of the semester for whoever makes the most. The simulator allows us to trade options, which I'm fairly certain the rest of the class knows nothing about seeing as the lead right now is only up 6% overall. Give me some good plays! Mods, if this isn't allowed I'll happily take it down, just let me know. +*Please see below for some of the commonly asked questions about FatFIRE in general, and the* r/FatFIRE *sub specifically. This FAQ will be updated on an ongoing basis.* + +**What is FatFIRE?** + +FatFIRE is Financial Independence / Retire Early at an overabundant or luxurious level. Unlike FIRE (and leanFIRE in particular), FatFIRE is typically achieved through high incomes rather than minimalism or extreme frugality. + +**What are the minimum levels of income or net worth required to be considered FatFIRE?** + +We do not have a set minimum to be considered FatFIRE. Individual circumstances vary so greatly that it would be impossible to set a single level – a family with high fixed expenses in a high-cost-of-living-area might require double or triple the income or assets of an individual living in a low-cost-of-living-area to enjoy a similar quality of life. + +**I see that there are members with flair marked ‘Verified by Mods’. What are the requirements for verification, and how do I get verified?**  + +Members can be verified as being on the ‘path to FatFIRE’ at an annual income of US$150,000+ per year, or net worth greater than US$1 million. Some adjustments are made for those living in low cost-of-living countries on a case-by-case basis. + +To verify, please submit your proof of income or net worth via modmail, along with your requested flair. If you are requesting a certain income or net worth be included in your flair, then you should be including proof of those specific claims. + +To verify, take your smartphone and make one continuous video recording of the following: + +1. Go to the login page for your verification proof on your desktop/mobile browser (you do not need to show us the login credentials). The verification proof we accept are official statements like pay stubs, bank statements, brokerage statements, etc. We do not accept websites/apps that combine external assets from different places into one place (e.g. Mint). +2. Now log into the website while keeping your camera recording the URL of the browser the entire time. Do not move the camera away from the address bar of your browser this entire time. We want to see the URL change from the login page to the page you end up with after you login. +3. And without ever moving the video away from the URL, browse to the verification screen that has the numbers that you want to show us (if you're not already there). You're welcome to frame/crop the video to block out any personal info/account numbers or put something over the personal info to cover it, but do not block the URL from being seen. We only care about the number you want to verify with while making sure the URL of the website matches the location of this verification proof the entire time. +4. Once you have the number and URL in the same video frame, refresh the browser once to show us that the numbers don't change to something totally different when you refresh. + +You can upload the video to imgur as a private video link (or any other video service) and send us the video via modmail to complete your verification. + +We do not need proof of your entire net worth or income, just enough to meet the threshold. However, if you wish to have a number in your flair (eg. NW $15M, Income $350K+) then we need to see proof of those amounts. + +We are also willing to consider other verification options if you'd prefer - anything that would objectively demonstrate your wealth. Mods are volunteers, so please allow a day or two for us to verify. If several days have gone past without a reply, please feel free to follow up with us. + +Do not set your own flair as 'Verified by Mods' if you have not been verified, as that may result in a temporary or permanent ban from this sub. Verified members should not modify their own flair once verified - instead, please write to us via Modmail to request a change to your flair. + +**How do I know if someone is really verified?** + +Verified members' flair appears in special colors which are visible in [old.reddit.com](https://old.reddit.com). + +**Is there a chart that explains what the different colors mean?** + +No - it's only for mod use. But feel free to speculate. + +**What are the benefits of verifying?** + +Generally, verified members’ opinions are given a greater weight than those who have not been verified – at least for new members to r/FatFIRE. Verified members are also able to take part in ‘Verified Members Only’ posts. + +**Will verification ever become required?** + +There are currently no plans to make verification mandatory. Many of our regular contributors are not comfortable with the verification process. Also, FatFIRE mods are not able to commit the potential time and effort required to verify tens of thousands of members. + +**What do you mean by “specifically relevant” to FatFIRE?** + +A post may be removed under rule 1 when it’s not specifically relevant to FatFIRE. This means that it must be relevant to FatFIRE alone, and not more relevant to leanFIRE, FIRE, Financial Independence, investing, etc.. High dollar values are not sufficient justification for relevance, unless they fundamentally change the nature of the question. + +For example, “where should I invest $5 million?” is generally not considered specifically relevant, as the question of how to invest is largely the same for $50,000 in investments as opposed to $5 million. “Is $20 million enough to justify support from a multi-family office?” is relevant, as multi-family offices are generally the purview of wealthy families. + +**What do you mean by “no ask-a-rich-person” questions?** + +We define “ask-a-rich-person” questions as those questions where the only specific relevance is found in wanting to get FatFIRE’s take on a specific issue, and questions that are posed with limited personal context. For example - “What are your favourite books?”, “How long is your mortgage term?”, or “What is your advice to a new millionaire?” + +**My post was removed, and I don’t believe it violated any rules. Can I appeal this decision?** + +If you feel your post was removed despite not violating the rules, then you can contact the mod team via modmail to request that another mod review your post. Generally, any post with negative karma will not be reinstated. + +Bear in mind that if your post contained insulting, discourteous, or judgmental content then the subsequent review might end up with you receiving a temporary or permanent ban, rather than a reinstatement. + +**Someone posted a judgmental comment, and I reported it. Why wasn’t it removed?** + +The “no judgement” rule applies specifically to comments and posts that judge others based on income or asset level, or living a luxurious lifestyle. Comments that are otherwise critical of members – say, the efficacy of their investment strategies – will not be removed, provided that those comments are neither insulting nor discourteous. + +**Someone replied to my post with "Go fuck yourself" or "Make me some breakfast." I reported this comment for being discourteous, but it wasn't removed. Why?** + +If you have recently FatFIREd or experienced a sudden windfall, then being told to "go fuck yourself" is considered a [term of celebration](https://www.reddit.com/r/financialindependence/comments/8pwsy8/how_did_the_go_fuck_yourself_tradition_in_this/) in which the commenter is expressing a kind of envious admiration for your situation. ["Make me some breakfast"](https://www.reddit.com/r/fatFIRE/comments/knslkb/i_just_confirmed_that_for_the_first_time_ever_i/) is similar, but specific to r/FatFIRE. + +In instances where OP has not FatFIREd, such comments may be considered discourteous and dealt with accordingly. But otherwise these comments will be left up. + +**Is there an index of relevant FatFIRE posts from over the years?** + +Yes - please check out [The fatFIRE Index](https://fatfireindex.com/). Thanks go to u/flowingserenity for putting this together. + +&#x200B; + +**Acronym list:** + +ETF - Exchange Traded Fund. Typically refers to an investment fund that tracks a specific stock market index, such as the S&P 500. + +FIRE - Financial Independence, Retire Early. + +FAANG - Facebook, Apple, Amazon, Netflix, Google. Sometimes used to refer to other large tech firms in general. + +HENRY - High Earner, Not Rich Yet + +GFYS - "Go fuck yourself." A term of congratulations when OP has FatFIREd. + +NW - Net worth + +SWR - Safe withdrawal rate. Generally considered to be 4% or less, though this is a subject of some debate throughout the FIRE community. + +(V)HCOL, MCOL, LCOL - (Very) High Cost of Living, Medium Cost of Living, Low Cost of Living + +&#x200B; + +*If you have suggestions for further questions (and / or answers), please leave a comment on this post or send us a message via Modmail.* + +*We would also appreciate if members could include links to previous FatFIRE posts that they believe provide definitive answers to frequently posted questions such as how to establish a family office, when to fly first class, benefits of establishing a donor advised fund, etc.* +Hi + +I am currently a telephone engineer for openreach and my basic salary is £28,343 or something near that. + +Currently just received an offer of a job for £46k a year, it is more demanding, earlier start, later finish etc but I am wanting to know if just moving for more Salary is the best thing to do. + +Current job +Salary -£28k, with overtime I usually finish the year between £33-36k (1.5x salary on overtime per hour) + +Start 8:00am company van to drive to and from work, finish 16:10pm. + +New job +Salary £46k +Start 7:30am, finish 5:30pm + +Would have to leave home but 6:45 each day to get there on time and would have use of a company vehicle. + +Both are physically demanding but the new job is definitely more than my current job. + +I know a 64% increase is good but is that +Good enough to warrant a move. + +Current job requires me to work 1 Saturday every 4 and is only ever 1.5x pay on a Saturday or sunday + +New job would be time and a half Saturday and double time Sunday. + +This is in England + +Sorry if it’s the wrong sub +To whom it may concern: (I’m aware most of you know how to properly diversify). + +I see some investors on here being invested in multiple tech equities, APPL, TSLA, AMZN, SONO etc. and talking about how well diversified their portfolio is. + +Just a quick reminder than having a diversified portfolio means that you have equities with ‘negative correlation’, and/or no correlation in addition to being diversified into different asset classes (equities, fixed-income, cash)(ex. stocks, bonds, mutual funds, ETF’s). + +Or into different market caps, levels of risk, growth/value, sector/industries as well as domestic and foreign investments. + +Any political, economical, or social catalysts that can affect the tech industry will most likely affect all your investors at the same time, in the same way, therefore just a quick reminder that having a portfolio consisting of only techs does not reduce the overall risk in your portfolio, and if anything, increases it, as such, you are not ‘Diversified’. + +This doesn’t just apply to techs, it applies to any portfolio that only has positively correlated assets within the same sector/industries. + +Edit: This post is about the concept of having a diversified portfolio, not rate of return or investment objectives, capital limitations etc. Pls keep comments and topics relative to diversification. +I had an early-career windfall that allowed me to leave “biglaw” after a few years. I want to spend the next couple decades doing environmental work (I’m picking up an LL.M. in environmental now). + +I’m debating whether to join an environmental nonprofit as a low/mid-level attorney. I’d prefer to find an arrangement that’s slightly less than full time and with opportunities to travel. I’m a major donor at a couple environmental nonprofits, but there’s a heavy focus on equitable opportunities in hiring, so not sure I could easily leverage that into a unique position. + +I’m considering starting my own 501c3, but environmental cases are big and doing them alone is ambitious if not impossible. + +Would love to hear how other attorneys were able to keep using their JD after FIREing. Thanks! +Big reader first poster - 40yr old office worker with family pursuing FI. + + +There have been a lot of redundancies at my company during the last 12 months. But the ones that really struck me were the men and women in their mid fifties. They were mostly middle management and people who have definitely been out of the ‘doing the work’ type jobs for a while. Now, as I watch the rehires, i don’t see many from that age bracket and none that are older. + + +These are just my observations and I find it pretty hair raising, for me mid-fifties isn’t too far away (kids seem to speed up time) and what I’ve seen has driven us harder towards achieving at least a frugal level of financial independence by age 50ish. But that doesn’t help the people who were planning to work for another decade and lost their jobs. + + +I’d be interested to hear what you guys have seen. Is it more difficult to get rehired mid fifties or as an older worker generally? Or maybe a better question - what can people do to mitigate against losing their jobs as they age (apart from emergency fund)? +If you donate money, how do you decide how much to donate and who to? + +Knowing that you can only give a finite amount and wanting to produce the greatest benefit but also knowing that in the worst cases, donations can even create negative consequences, what is your philosophy. + +By *giving* I mean this very broadly, including: + +- Helping family members +- Donating to charities +- Giving to homeless people directly +- Tipping +- etc + +I feel that I have an obligation to give more but I struggle to formulate a coherent philosophy on how to do so effectively. +Dear Apes, + +&#x200B; + +Your buddy the dumb crayon eating Marine here. Let me explain what I think is going on. ***Edit: If you think I'm attempting to divide the sub. I'm not. I'm trying to keep illegal practices from happening on our fucking sub, ya know, so we still have a sub tomorrow and the next day. Take this forward while reading this. I don't care why you are investing in GameStop. Just don't voice it publicly. Come on people, read between the lines. What's the first rule of fight club.....use your heads... 😆 *** + +&#x200B; + +&#x200B; + +**We just saw an former SEC Director on the news at the end of the week speaking about how there is no way to pin what is going on here on retail; wait for it.......EXCEPT if GME/ other Meme stocks are just a "Pump and Dump". Now all of a sudden this weekend, I keep running into posts with the same underlying message.** + +# "Fuck you, I'm only here for quick money. I don't care about GameStops fundamentals, I'm here for the quick money. Aka : Pump and Dump." + +# + +# Let me break something down for you all, GME had excellent 1st quarter numbers. We have a dream team of Executives from Amazon/Chewy and they are pivoting into E-Commerce. There should be ZERO fucking Apes screaming, I'm just here for the squeeze and I don't care about what GameStop is doing. NOBODY SHOULD BE SAYING I DON'T BELIEVE IN THE STOCK, FUCK YOU PAY ME. It doesn't make sense, and it's feeding the narrative that the SEC would look at. + +&#x200B; + +You know this sub is being watched like hawks. Why the fuck would you rock to boat to just see how far you can go before tipping it over. We are winning if we don't shoot ourselves in the foot. It reminds me of Oberyn Martell and The Mountain. If Oberyn just kept his mouth shut and kept his safe distance, he would have won......DO NOT LET THE MOUNTAIN SQUISH OUR FUCKING HEADS IN. + +# + +If you are guilty of saying shit like this or have upvoted it, go back and change it. This shit is FUD. It's trying to get people on this sub to say say things that can be construed as market manipulation. They know this is a Hive Mind, if you plant enough seeds, shit will spread. This is their latest FUD. They are trying to find a way to make retail the bad guys and you guys are spreading it. + +&#x200B; + +Knock this shit off. The SEC and the big guys are waiting to have a reason to shut this all down. You all are here because you like the stock and think GameStop has a bright future. If this does MOASS and you take profits that's fine, that's what a normal long investor would do. Nobody here thinks any differently. + +&#x200B; + +&#x200B; + +(Edit: Apes seem to not understand the seriousness of what this message says. The entire sub and investors can have the GME trade shutdown over this. If they can clearly say that "Apes" are just trying to pump these stocks for a quick ride that is ILLEGAL. For fucks sake people, just don't say anything about your position. How hard is that? Apparently some of you aren't able to to read between the lines. Repeat after me, I just like DFV. We just like the stock. ) + + +This Ape nailed today. I do find the humor and irony of my posting but I felt it had to be said. This meme sums today up + https://www.reddit.com/r/Superstonk/comments/nz2674/waking_up_to_the_sub_this_morning_like/?utm_medium=android_app&utm_source=share +https://imgur.com/a/KIDf3Sv + +Posting this for awareness. First post was removed due to the auto-bot assuming the images I shared were a meme! Anyway luckily I spotted within a second of opening this email (linked to screenshots of the email via the imugr link above!) that it was a scam, before clicking any links. Now you will know it’s fake too. + +There’s been a huge number of new crypto investors the last 6 months, and so scammers will try and use this lack of experience to their advantage and try and steal your coins. Without testing the email links for obvious reasons, I’d imagine they have “spoofed” the Coinbase login page. So that when you enter your details, they will take copies of them for the criminals to try and break into your account and steal your money. + +Other ways to protect against this will be to where possible have 2-factor security on any exchanges you use. + +Let’s help all of us wherever we can and call out these scams so none of us fall for them! +Gaming is one industry that is growing, with projections through-the-fuking-roof...maybe even more so, from a widespread demographic demand...a product for everyone (at whatever "disposable income level"...everybody like a game.....and doing so, at a historical junture (in the industry's evolution with smartphone & other platform development/availability). + +Web 3.0 -- fuk yeah. + +And, who better than the son of Superman (retailer extraordinaire)...who is customer focused (and experienced in ramping-up growth, and getting value from capital & generating returns to his investors) -- to lead the way...with an international brand, and millions upon millions of delighted customers? + +Zynga...Activision...Electronic Arts -- have garnered interest. + +No other stock (that I know of) has retail ownership like Gamestop...where the owners are also customers...I can't think of a single other instance...and I am an aged oak tree. + +And I see things that others don't...because I am old school, and an IT guy, and a social thinker. + +My thoughts are that Gamestop, and gaming, have a high beta in correlating with the market...sure, they may trade with the market at some points in time...but, like you, I do not see them as the same. + +Naturally, any fuk-tard who is short the equity will ply his snakey skills of FUD, whenever the mood seems right....for sharehodlers, that comes with the territory...18 months "in", after a historic position-close-only-for-retail-investors...with a subsequent Melvin-Meltdown...and a turnaround-in-process by the company's management, I would expect Shorts to make continued efforts to convince the rest of the market to avoid Gamestop -- not because of truth, but because of weakness. A continued wave of Buy-Hold-DRS is painful to them, let alone, a 2nd Wave (of stepped-up investment, or FOMO). + +Yes, their troubles began long ago...when they selectively targeted Gamestop....and their arrogance grew when their effort to bankrupt Toys-R-Us, Sears and other retailers worked..as they relied on corruptive practices and loopholes...and a kind of capital market hedge fund (with the duplicitous Citadel -- hedge fund/market maker) to gang-rape companies then slaughter them. That is the human experiential equivalent to what these suited barbarians are accustomed to doing. + +The rightness of investing with Gamestop is not only on the merits of the business turn-around & story...not only on the vulnerable, exposed Shorts who sit like prey on an open field...though it is about both of those...it is also the reclaiming of the territory of the good from the, frankly, evil. The moral over the immoral. There is a strength in that fight...for resolve...for cause...and for essence. Let me use the word that was caged and held hostage by the Nefarious...Gamestop is an investment of individual and social INTEGRITY. + +There is no other story that is so captivating in the market...no other investment that so goes to the core of meaning for what the capital markets are. + +The Shorts never closed, and Apes never left. +I’m looking to see how everyone else views QYLD. Currently I add about 2-3k a year to my Roth IRA to use as an income stream in retirement. I full well know that there are better options for growth and that my Roth should be focused toward that, but I already have a 401k with a company match that I’m close to maxing out. Does anyone else see QYLD as a source of income for the future? +Like all of us here, I own and love SCHD. Alot of ETFs pay a dividend but is it worth owning another Dividend ETF besides our savior SCHD? There are other good and popular ones like VIG, DGRO. But if you have SCHD is it worth investing in another or just continue to add to SCHD? Like to hear opinions. If you think owning another is worth it, which one? +Take it from me, a former lawyer, this language is nothing but pure CYA legalese, required by the SEC. + +What's the first thing we all do when we learn about a new possible investment? We go take a look at its charts: we check out its past performance. And while that shouldn't be the only thing you do, it's way up there on the list. + +If my position wasn't true, then why don't more people buy brand new issues, like, for example, the three-month old JEPQ? As an example, why doesn't every single person who owns JEPI also own some JEPQ? + +Some people do make that investment, and happily. But the vast majority of us don't because a three-month old investment just doesn't have enough of a track record for us to feel safe with our investment. In other words, most of us don't invest in the brand new investment because it doesn't have a past performance, and therefore, we can't predict future results. + +Discuss! +https://arstechnica.com/tech-policy/2019/06/federal-bill-would-allow-clean-energy-companies-to-structure-like-oil-companies/ + +> Last week, US senators and representatives introduced bills in the Senate and the House to open up a type of corporate structure originally reserved for oil, gas, and coal companies to clean energy companies. + +> Called a Master Limited Partnership (MLP), the structure currently allows fossil fuel companies to take advantage of lower taxes placed on limited partnerships while also allowing those companies to issue publicly traded stocks and bonds. If the recently re-introduced bills—which have bipartisan support in both the House and the Senate—pass their respective votes, clean energy companies would have the option to structure their companies as MLPs and take advantage of the tax and funding benefits. + +It's going to be interesting to see if yieldcos (e.g. Nextera Energy Partner, CWEN, Pattern Energy) switch to MLPs should those bills pass, and if other utility/energy companies would also consider running MLPs. +http://www.cnbc.com/2019/09/05/tyson-foods-invests-in-plant-based-shrimp-company.html + +After selling its stake in Beyond Meat in the spring, Tyson Foods' next bet is on plant-based shellfish. + +Its venture capital arm is making the investment in New Wave Foods. + +The start-up makes plant-based shrimp from seaweed, soy protein and natural flavors. +My parents have been conned into givibg this organisation 100k+ and they get a 36% return, 2500 per month back? How can I prove to them it clearly a scam? + +UPDATE: +Ive received the docs, 3 very large folios, it appears to be boomer miscommunication, it is in annuity(receiving principle and interest) and they are a super fund. I am going over the docs, it will take some time. I cant thank everyone who replied and msged me enough, yall are a great community, thank you. +I could ride this job to FIRE, I make 140k a year, my boss is decent, and shows appreciation for what I do. I am not used to have a role that’s not central to my team (it’s more of a supportive role). I don’t get any mentorship but my boss treats me well and I like most of my coworkers. I get excluded/not invited to some meetings and that hurts my feelings but this is the best job I ever had. I know if I had a more central role it would come with more stress (I am already working long hours). + +I need your help to reframe this so I don’t become unhappy/dissatisfied and can ride this job as long as I can. I sense I need to care about the job less but other than that I am out of ideas. + +EDIT: thank you all for your feedback. A lot of you questioned if I had anything outside of work to focus on and I don’t. I think you’ve correctly identified the main root of my issues. + +I think the consensus is to develop my interests/search for impact outside work and appreciate the many good aspects of my current situation. I will follow your advice. I started this week: I’ve disable my work email alerts after 5pm, I’m making a conscious effort not to check work emails when I’m not at work, I plan to use my after-work hours and weekends to search for hobbies and non work related activities that I may enjoy (and try different ones). + +I know I have a good thing going work wise and I am grateful for it, I need to keep that in the forefront of my mind. +New to this sub! +I’m looking to buy a home with my soon to be husband in the next year. Where do we even begin? + +I want to get a realistic picture of our finances to see what we can afford. (Do we talk to a financial advisor? We don’t have *that* much so I don’t know if that’s worth it. Can you just walk into a bank and ask these questions? Or go straight to a realtor?) + +Any books, podcasts, YouTube channels to recommend? Thanks for any tips! +As stated in the title, Tunisia (North Africa) is going through debt accumulation and might declare default by December 2021. + +The government is negotiating for a desperate loan from IMF (they're refusing to lend us money). + +On a personal note, how can I be prepared, financially, in case the situation goes south? Is there a kind of financial emergency checklist for similar situations? + +Edit: to give you a better insight onto Tunisia's context: +- Tunisian Dinar is used for all transactions. +- It's virtually illegal to posses a foreign currency (USD, EUR) +- We cannot purchase international goodies +- Inflation rate is project to jump from 7% to 24% starting from December 2021. +- Loan rates are around 12.5% + +Thank you in advance :) +As the subject says, I want to save for my son’s college, but I don’t know what college will cost in 14 years, let alone if he will want to go. + +I’m saving about $2,400 a year. And I have no idea if that will be too much or not enough. He’s also an only child, and so if he doesn’t use his 529, then what can I do with that account? I’m probably not angling to go back to school as I’ll be 55 in 14 years. + +I was able to get my undergrad thanks to a full ride scholarship. My graduate degree left me with debt that took eight years to pay off, and I’d love to be able to put him in a better situation financially than myself. +I'm 18 and I make 1,200 bi-weekly before taxes and deductions. After taxes and deductions I make about 800. +Taxes taken out are 275 + +Deductions for health and dental are 125 + +Basically I just want to know if this is normal and does it get better? + +Edit: thanks I'm sad now +Edit2: My boss says I have to be 21 in order to contribute to 401k so I can't do that but I will as soon as I can + +Edit 3: sad as fuck +Reasons to tank the price: + +1.) They will actually need to start covering things soon. + + +2.) Create options FUD. "Don't buy options" crap. + + +3.) Friday is the last chance to kill the options chain. XRT will no longer be able to be shorted. + + + +People need to keep asking themselves over and over again these questions: + + +1.) Why would the price increase in the afterhours at the start $15 on a measly 2242 shares? + + +2.) Why was a half-assed news article released following it? + +3.)Could it be a FOMO rugpull or did Gamestop actually release news? + + + +My thoughts: 2242 shares in 1 minute increased the price $15 and they didn't fight it at all. They released fake news to confirm the price increase. I think we're going to see the FINAL rug pull tomorrow. Load the call option chain up and bury it into the ground so people can spend the weekend saying " I told you so." + +GAMESTOP STATED TO ONLY LISTEN TO THEM AT THE EARNINGS CALL. + + +Edit: Think long and hard if you want to invest into options on news _Not released by gamestop._ +**Before you get all geared up for a fight**: I'm not here to tell people to ignore your advice. This subreddit was actually very helpful to me, and this is a small attempt to give back. + +I've noticed these posts a lot, some on the front page, others in the daily thread. (There's one up now, but this isn't about any specific post and I don't want anyone to feel like I'm calling them out.) Posts like the couple who make [$500,000/yr and "feel average".](https://www.cnbc.com/2017/03/24/budget-breakdown-of-couple-making-500000-a-year-and-feeling-average.html) They've always been hard for me to sympathize with, seeing people with 10x the highest salary I've ever had complaining about money. Often in the posts here, the sentiment is "I want to just quit and work for a nonprofit". [Move to Thailand.](https://www.reddit.com/r/financialindependence/comments/7trwzo/retiring_in_southeast_asia_might_be_a_lot_harder/) [Live in a van.](https://www.reddit.com/r/financialindependence/comments/3piarr/a_23yearold_google_employee_lives_in_a_truck_in/) You know the ones. I figure now that I've gone and done some version of that, maybe I can finally have a constructive reply. [Like this excellent post, but a bit more generalized](https://www.reddit.com/r/financialindependence/comments/7trwzo/retiring_in_southeast_asia_might_be_a_lot_harder/). + +**For context on who I am**: I didn't pull myself out of homelessness by learning Python, I don't have a book about travel adventures, or a even a touching story about mortality and what it means to be human. I'm just a normal-ass college dropout who hated his job and life, and ran away instead of working harder. Honestly, I don't really have anything concrete to show for the past year other than being happier and more optimistic about my life. But that's gotta count for something, right? + +#Backstory + +To set the scene, when I first found this subreddit, I was working a boring meaningless job where I would go multiple days with nothing to do, including when I asked people if they needed help. I couldn't even watch movies most of the time because too many people walked around my desk. It was like being trapped in Office Space as some mix of Michael and Milton. My work history to that point was basically *chase dream -> face reality -> chase dream -> face reality*. I've still never had a single job for more than a year and a half. The highest salary I ever had was $50k (for three months!). The "dream" jobs never paid well, and of course were never what I dreamed they would be. + +I found FIRE and got completely into it. I tend to get obsessive when I'm excited about something, and early retirement is obviously very exciting to a dream chaser like me. Combined with being in a long distance relationship, my life became about FIRE and exercise and not much else. I almost never went out or socialized and I learned a lot about both topics. Shockingly, I wasn't very happy! All I could think about was how long it would be until I reached my number, and how much switching to an all-Soylent diet would reduce the time to FI. (Almost none, don't drink that shit). + +At some point, I learned that US citizens can get Working Holiday visas that allow them to travel to another country and legally work there for one year. You're eligible for the visa until you're 30, and I was 28 and a half, so it seemed like now-or-never. I chose New Zealand based on zero research and the fact that it was basically the farthest I could go. Did you know Auckland is one of the 20 most expensive cities in the world and has a housing bubble rivaling NYC? I sure didn't! + +Regardless of my lack of research, I decided to put all that FIRE energy and knowledge into this crazy plan and immediately got excited and happy again. Here's the first big thing about doing this: You have a new exciting project to work towards, and it's a great distraction from whatever you hate about work, so it feels like a great idea. You also get to throw going away parties and tell everyone you talk to that you're moving to New Zealand like you're Fred Armisen in that Portlandia sketch I can't find. Suddenly you're That Guy! You'll love this part. + +The big day comes, and you take a crazy trip and see Hawaii and spend a week on the beach and it rules, and maybe you'll become a travel blogger or Insta star or something because day jobs are for suckers. I thought about it for a bit and remembered I hate social media and travel blogging is a weird world I have no interest in learning about. But whatever, still on the beach. + +You get to your new city and find a place to live and you learn that Auckland, as a city, only discovered home insulation about six months ago, and [winter is coming](https://www.youtube.com/watch?v=dQw4w9WgXcQ). But whatever, it's colder where you're from, and you're going to be too busy having adventures. Although you need a car because public transit is expensive and slow here, and it doesn't go to any of the beaches you want to visit. + +A month or two goes by and it's time to get a job. You've had some adventures, but not as many as you planned because you spent more time than expected apartment hunting, or finding a car, or figuring out where the hell to buy groceries that wasn't a ripoff. That's fine though, this is all part of the plan. You find a job and it pays less than you expected because not many people here use Glassdoor, and the answers you got on reddit weren't as informative as you thought, or you just asked the wrong questions. Still, it pays enough to cover your expenses and then some. A month in, you realize the job isn't really what they described. Or you constantly get pressured into overtime. Or your boss sucks. Whatever the reason, you hate this job. Maybe you get another one, maybe you talk to people who tell you your situation is actually extremely common here. + +And then, [you finally realize what everyone said was true.](https://www.newyorker.com/cartoon/a21515) + +#Lessons and stuff + +The story can end here and I can be like "BEWARE TRAVELER! ALL IS NOT AS IT SEEMS!" Or in reddit parlance, "This won't make you happy, just stick to the 4% rule!". Sadly, there's no one-size-fits-all answer to end the story with. I've seen some cool stuff here, but nothing as awe-inspiring as the Grand Canyon. I have more interesting stories to tell at parties, but I'm not inherently any more interesting as a person. Most of the personal growth I've had since moving here, I could've gotten by just moving to a new apartment in another city back home, and I'd have way more money to show for it. + +I've been here nearly a year now, and I have about as much money as I had before (on track to retire at 70). I decided to do another visa as I'm 30 now so it's my actual last chance, and Australia is right next door. I'm told the pay is dramatically better there, so I hope to strike a balance between more "adventures" and shoring up my savings to slightly higher than where they were when I left the US. + +I said I was happy and optimistic now, and I am. I didn't have any book-worthy adventures, and when people say "woah you live in New Zealand!" I tell them it's not really as big a deal as they think. After all, I see more expats than Kiwis most days. But really, there's a lot to be said for taking a huge risk regardless of if it pays off. I went through that cycle of chasing dreams and then getting a day job because it felt like I had to, either because of debt or FIRE aspirations. I never committed to either plan. Moving here wasn't important because it was another country, or because there were adventures to be had, *it was just the act of committing fully to a plan without being able to back out*. There's a big difference between keeping a job you hate because you feel like quitting would delay FIRE, vs *applying* for a job you you *know* you'll hate because you're so committed to FIRE that you decided this sacrifice would be worth it. There's a difference between becoming a programmer because it pays well and becoming a programmer because you love programming. + +Personally, I'm hoping to find a job I really enjoy, possibly some kind of remote work or starting a business. But I know I'll probably have to go back to a day job I'll hate at some point. This time though, I'll have a clearer reason for doing it, which makes all the difference. The reason I'm still optimistic is because I'm a stubborn idiot who had to get a shitty job in another country to finally internalize all the advice I already knew. Maybe the same is the case for you and you won't be happy until you give it a shot, or maybe just reading this story was enough. I'm not worried about FIRE because there are plenty of stories of people who pulled their shit together much older than me. Before, I was just chasing FIRE to escape my situation... which I was in because I was worried about FIRE. + +#TL;DR + +I said there was no one-size-fits-all advice, but here are some bullet points in place of a TL;DR because it's 2:30am here and I can't believe how much personal information I wrote, and the writing gets pretty sloppy toward the end and I think I missed the original point I was trying to make when I started? So I feel like I owe you something. + +**EDIT:** Answering comments made me realize what I missed - I didn't make it clear that I haven't *abandoned* FIRE, I'm just putting all the lessons about saving and living below your means toward other goals for a while. I definitely will keep FIRE in mind when I get resettled and have a more permanent job again, but it'll be with a different perspective. Also added headings for /u/Oax_Mike + +* Every job sucks, but some suck less. If you're just doing it for FIRE, consider why FIRE is that important to you. Would you delay retirement by one year to be 20% happier for ten years? +* Working a job you hate is much easier when you're doing it for a specific reason, but FIRE a decade from now isn't as motivating as some other plan that's only a year away. Mixing in short-term goals/rewards (aside from just seeing a certain number on your spreadsheet) might push back your date slightly, but it might save you a lot of money on therapy. +* Having more cash [makes people happier](https://www.reddit.com/r/financialindependence/comments/52k32k/wsj_the_more_cash_people_have_the_happier_they_are/) than [having more net worth](https://www.bogleheads.org/forum/viewtopic.php?t=217683). Holding more cash might delay your FIRE by a few months, but it might be worth it to have a tangible reminder of how well you're doing. +* Slow and steady wins the race, but FIRE is like trying to be the tortoise and the hare at the same time. How far ahead do you need to be before you decide it's okay to slow to a jog? +* Moving to a new country is filled with exactly as many unforeseen problems as everyone will tell you. +* Don't half-ass two things. Whole-ass one thing. +* Don't write treatises at ~~2:30am~~ ~~3:00am~~ 3:30am + +I couldn't decide if this should be an AMA or a standalone post, so I might as well do both. If you have any questions about my (hopefully coherent) story, or if you hate you're job and you've been thinking about running away, feel free to ask me anything. There may be an 8 hour delay in answers if I finally pass out. +What have people invested their time in learning or doing in their 20s that has enhanced their life post-FatFIRE? + +For context, I’m on the path to FIRE at a high growth tech company living in NYC. I’m planning on buying or starting a company after I cash out of my companies IPO in a few years. I’m trying to spend my free time building relationships and learning new, useful things. + +Things I have done recently: become certified as an EMT, get into weightlifting, learn about longevity, regularly get my blood tested + +Some of the things I’m considering: getting really good at poker, join toastmasters, take a class in real estate, or take yoga classes +As per the title really, is it worth doing if you have very little the invest to begin with? I'm going through a very quiet time with work at the moment, with over a month off currently, so looking at learning some new skills. If I feel more confident in the future I'd be able to invest more...but let's say I started with £100, would that be enough to get me started and learning? +Yesterday $ETSY announced it was purchasing Depop for $1.6B. + +In 2020 Depop revenue was $70M. Etsy CEO justified the purchase by stating that the second hand apparel industry will double to $65B in the next five years, citing a study made by Global Data. However, the other resale players are trading at much lower valuations considering their revenues. + +ThredUP ($TDUP) is expected to have $220M in revenue this year and is trading at 10x revenues with a market cap of $2.1B. + +Poshmarck ($POSH) is trading at 9x revenue with a market cap of $3.8B. + +&#x200B; + +Are this two companies undervalued or did $ETSY overpay for the Depop purchase? +I invest in an MSCI World and Emerging Markets ETF. I want to get my GF into investing too but I want it as simple as humanly possible so I want a single ETF. + +But even that there are several options. For example here are some I have seen recommended: + +IE00BK5BQT80: Vanguard FTSE All-World UCITS ETF (USD) Accumulating + +IE00BMVB5R75: Vanguard LifeStrategy® 80% Equity UCITS ETF EUR Cap + +IE00B6R52259: iShares MSCI ACWI UCITS ETF + +I see people saying that if you have several ETFs your overall TER is lower but how relevant is this? The TER is 0.22%, 0.25% and 0.20% p.a. respectively. That's roughly what I am paying for mine despite the 2 ETFs. + +Degiro isn't available here so she is likely going with Trade 212 +My parents have a lot of spare cash but don't know how the markets work, I have a good sense where to invest however I haven't considered investing because the markets were too "good" and I knew I wouldn't earn much however but I know there will be a golden period to invest for the long term once the situation calms down. + +Also, I'm a Polish/American citizen and when I tried to invest through the Polish ING investment products they wouldn't let me, don't know why exactly since my understanding of Polish technical finance language is limited but said something among the lines of U.S. regulations + +Edited: I currently live in the netherlands +I'm 26 now and live in Sweden. I am expected to finish my PhD in Robotics in about 2.5 years (age 28). From here, all possibilities are open, which is essentially a nice way of me saying I still have no clue what to do with my life. So far, I only figured out that I don't want to stay in academia. + +Financially, my goal is to be financially independent by the time I turn 35. I have no dept, a small amount of savings on top of a 6-month salary emergency fund, and save around 25% of my current salary each month. So far, everything exceeding the emergency fund has gone into the stock market, but I want to split it now and start saving up for a down-payment with the goal to buy a duplex (or similar) to offset the mortgage and reduce my living expenses (house hack). + +I don't want to stay in Sweden, because a) I don't see how I can house hack here without sharing the apartment and b) I don't like the culture here. Though I admit that I might be biased by the social bubble I'm in. + +That said, I am not sure which country (ideally within the EU) would be a good place to buy a house. I have no preference over any particular country, nor do I have a specific company I would like to work for limiting my decision. Currently, I see both as means to an end: Stacking up a big enough pile of money to live off of the interest. + +So, drawing from your experience, which country has a nice (and largely unregulated) housing market that is worth investing in? (Bonus points if the sun doesn't set at 3 pm, but it's not a deal breaker if it does.) +I've just become a dual citizen Irish / UK. (Living in England, study in Scotland) + +Are there any advantages or Irish government schemes for anything, investing/property/savings etc + +For example in the UK we have a government scheme called a LISA (Lifetime ISA), which is a tax free savings account which can be used to save for retirement or to buy a first home. You can put in up to 4k per tax year with the government adding a bonus of 25% per tax year on anything you put in. These can be Cash savings or Stocks and Shares savings accounts. + +Also, Does anyone know of any advantages that I may be unaware of, or any resources that may be helpful on anything relating to finance? Websites/Flowcharts/YouTube accounts. + +In the UK we have the Money Saving Expert - Martin Lewis, a website for almost every financial decision, banking, savings, investments, deals and money off, pension calculators and various tools, which offers many tips and tricks for anything money + +Sorry if this is a bit niche + +Thanks!! +Hi, + +I'm 30 years old software engineer living in Germany and I want to start investing. + +I have around 60k€ in savings and I can save up to 1k a month.I have been reading a lot about what to do but I would like some help setting up a plan.I'll probably go for a few ETF's and around 10% in commodities. + +I have two issues: + +* which bank/broker to pick. I'm quite certain that I would like to go with a bank because they will handle the taxes for me. e.g ING , DKB, I've compared them using justetf, the main difference is the Kaufgebühr +* what type of account to open. Looks like a combo of Depot + Sparplan is the way to go -according to this sub and other-. + +What would you recommend? + +&#x200B; + +EDIT: I already have an emergency fund for let's say 6 months. Also, the €801 per year tax-free capital gains are already covered by some stocks that I own +Hello everyone, + +I am 26 years old from Greece. I have been offered a position as a technical superintendent and I have until tomorrow to decide. + +Your valuable opinions will be greatly appreciated. +1. First of all, a gross salary of 3400 Euros per month will it allow me to live comfortably? +2.Could you please elaborate on the cost of living ( Antwerp and Brussels). +3. If I accept the offer, I will be working 4 times from home and only once per week I will be going to the office, do you think that living in Brussels will be a better option? + +I have just received a salary increase of 20% on my current company, should this affect my decision? +My salary in Greece with the increase is half from the proposed in Belgium but I do not have to pay for rent and utility bills. + +Thank you so much for your assistance. + +Edit: Thank you so much for your comments just wanted to add that I am not planning on staying there permanently my plan is to work for 1-2 years get the experience and find a similar job in Greece. +Info about the netherlands: Currently the housing market in the netherlands is booming for starters houses. In smaller places houses that were 200k a few years ago are currently in the high 200's and some even hit the 300k. In smaller places houses that were 450k a few years ago are still around 450k. It is just the starters houses that sky rocketed. + +Currently i am a starter with a good saving, salary and the want for living on his own. No girlfriend so im shouldering all the costs. Any tips about my living situation? + +My options are: 1 renting which i can easily pay but think is a waste of money. 2 buying a small house that seems like a waste of money due to the increase of costs for small houses. 3 buy a big house which will take max mortgage. + +Advantage option 1: small and i like small places. Able to move out easily and going to another location. I am however not seeing myself move away from my city. It is however possible to buy a bigger house later together with a girlfriend i may find in the future. Disadvantage option 1: expensive and "throwing" money away to rent. + +Advantage option 2: nice to be a home owner. Similar cost to rent but now instead of payjng some landlord i am paying of my mortgage. Small and i still like small places. Disadvantage: for some more i could have a bigger house which would be nice for the future since i do want to start a family in the future. Its also at the peak of costs for the past many years. Unsure whether i can sell it for a similar price. + +Advantage option 3: home owner. I own a huge house for the future. If i sell it in the future, it will probably have a similar or higher value. Disadvantage: took high mortgage. Until i have a family i live in a huge house on my own. My city is to small to do subrenting so yhat is not a possibility. + +What do you guys think? +I've been able to alter my payments on some debts and bills so that I'm paying off more at a time. And it's reached a point where I feel like I'm challenging myself with a "if I pay this much, I'll get done in this amount of time" and it's so satisfying. + +Today, I finally managed to get below $4000 on a credit card that has been above $4000 for literal years due to inability to pay off in large amounts until recently and it's sooo exciting. And all I can think is "if I make X amount of payments at $Y, I'll be done by Z!" + +It's the weirdest rush ever. + +(Then there's the looming fear that one wrong decision will land you in financial hot water again. I'm looking at leaving a secure job for somewhere I'll be happier but have no guarantee at finding a new job. But I think everything will work out.) +So, for the not fatfired consumer, this is what the consumer price index look like: + +33% Shelter + +14% Food + +8% Transportation commmodities + +7.5% Energy + +7% Medical Care Services + +6% Education adn Communication Services + +5% Transportation Services + +3.7% Household furnishings & supplies + +3.7% Recreations services + +2.6% Apparel + +2% Recreation commodities + +1.6% Other personal services + +1.5% Medical care commodities + +1.4% Other goods + +1% Water and sewer and trash colection + +1% Alcoholic beverages + +1% household operations + +0.5% Education and communication commodities + +[https://www.pewresearch.org/fact-tank/2022/01/24/as-inflation-soars-a-look-at-whats-inside-the-consumer-price-index/](https://www.pewresearch.org/fact-tank/2022/01/24/as-inflation-soars-a-look-at-whats-inside-the-consumer-price-index/) + +I'd assume a fatfired person would spend much more in % for travel/hotels, much less in % for utilities/housing and energy. From here you could/should recreate a new index, and see if the 2% inflation for your lifestyle is enough, or if things are getting pricier way faster than for the average Joe. Basically, you should compare apple with apple, and comparing w the "classic" CPIndex is not useful. + +&#x200B; + +What do your % look like? +$StopElon started off like most potential moonshots, with a vision and a plan. The plan is to take control of $TSLA stock with a 2/3 majority ownership and $StopElon from being able to have such a direct effect on the market. We are becoming much more however. People from all around the globe are sticking up against the effects of manipulation from Elon Musk and his lies and deceit he used to post a $100m profit on Q1 for Tesla. Billions and billions of USD was lost from investors around the world just so he can barely scrape by with his nonprofitable company. + +What no one envisioned was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with market manipulation, the system always winning & Business leaders like Elon that have left the everyday person in the rear view mirror. + +Having a cause or being the newest token happens all the time. Coins are purely speculative and should be treated as such. With that said, $StopElon is only a week old, making exponential returns still possible. Any early clue that this is much more than the new token is the community being forged on social media apps, as we speak. $StopElon is available on Telegram in (16) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. + +Update: + +* Our updated website update is live! +* We have continued to gain holders, now at 19,600+ and total transactions have now surpassed 48,500. +* We are in the process of starting a WeChat to help connect our potential holders in China that are currently behind firewalls +* New sponsored AMA with a prize pool of $1000 is going to be hosted by Crypto Eagles. +* The team has been in talks with many different exchanges as well. I do not expect much yet, but I have been impressed and surprised so far with every turn. +* Contract audit from Techrate is completed and passed with flying colors! + +$StopElon in the media. + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet $35M+ Marketcap 19,550+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON\_BSC) / Twitter + +📷 English Telegram (@StopElon\_BSC) + +📷 Website: [www.StopElon.space](http://www.stopelon.space/) + +📷 Chart: [https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +🥞 Buy (v2, slippage 12%, 0,1% max) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) +Hi all, + +I just received my water and power bill and it was nearly $2000. I don’t understand how this happened. I’ve never had a bill even a fraction of this much, and the DPW confirmed that this address has never had such a bill. + +This bill is split pretty evenly between electric and water, both being almost $1000 each. + +Period is 6/7/22 - 8/18/22 + +The only thing I can think of is maybe the construction the landlord is doing out back on another unit. I’ve seen them use our hose and plug in their tools to our outside outlets. Could they be using a bunch of water to mix cement and stuff? + +We haven’t changed our lifestyles but the bill is like nothing we’ve ever seen. + +Any thoughts? Thanks + +— + +Added: + +4153 kWh + +78 HCF + +— + +More added info: + +They said they were apparently splitting off the apartment out back onto a separate meter. They also dug up the backyard to access all the pipes underground during construction. Maybe they did something there? + +They replaced our hot water heater out back at one point. + +— + +Had the Mrs. check the electricity meter. It does indeed show what they say. I’ll check the water meter when I get home. + +— + +Looks like the landlord set the sprinklers to turn on every night in the wee hours of the morning. Could that be it? 58,000 gallons… in sprinkling a small lawn? + +Either way, I’m definitely changing that. Lawn doesn’t need to be watered that much. +**EDIT:** I'm not sure what's going on but I'm not going to delete the post. A lot of people can't see any of the content, some people can't see any of the pictures, and two or three people told me they can see the entire post. I will repost this later tonight and see if we have better luck. + +**\*Obligatory,** none of this information is financial advice and is the result of my studies. All investors must do their own due diligence, come to their own conclusions, and make their own financial decisions. + +**Update to Original Post:** + +* Added onto the TL;DR +* I've added onto and clarified AIG's 2008 securities lending losses within this post to include information that funds, and borrower loses could be substantial worse for GME securities lending counterparties, and +* included new funds + +**If you've read the prior posts and are just here for the updated funds, please proceed to Ralph Wiggum**. Otherwise, here you go. + +**TL;DR** Broker Dealers (primarily believed to be the big banks/prime brokers) are estimated to have borrowed at least **5.72M shares of GME** from mutual funds and ETFs (funds). The funds are exposed to potentially catastrophic securities lending counterparty loses. The brokers are also exposed to risks in multiple areas. They are; relending the borrowed shares, they own shares of the funds that are originally lending the GME shares, and their own company's shares are within some of the funds' holdings. (Insert WTF face) I'll explain more. + +It's a long post and I believe it is 100% worth the read as it shows the interconnectedness of the entities involved and how everyone, from the short seller all the way back to the shareholders of the funds loaning the GME shares are exposed to potentially catastrophic losses during MOASS, which is why I believe my shares are safest at Computershare. + +# Background Information + +**Broker dealers are exposed to potentially high $ securities lending counterparty risks from GME and we can see it.** Mutual funds and ETFs (funds) have lent GME shares to broker dealers who in turn lent it out to be shorted. The lending of this security makes the fund and the broker dealer a "counterparty", hence "securities lending counterparty". + +[AIG](https://insight.kellogg.northwestern.edu/article/what-went-wrong-at-aig) suffered roughly $21B in losses from this same business practice in 2008. They would borrow securities from a broker (Citadel & others) and lend them to hedge funds, who would short sell the stock. AIG's counterparties (the brokers) were bailed out [$43.7B](http://graphics8.nytimes.com/packages/images/nytint/docs/aig-bailout-disclosed-counterparties/original.pdf) in 2008. + +There are **two main types of securities lending risks**. + +**The first risk** type is what AIG experienced as the collateral they received from the lent securities was reinvested in illiquid high-risk assets, including assets backed by subprime residential mortgage loans which lost value during the sell-offs. + +In 2014, current SEC Commissioner Hester Pierce had the following to say; *Through the securities lending program, AIG and its life insurance subsidiaries had massive exposure to residential mortgage-backed securities. At the height of the 2008 crisis, the program experienced a run, and AIG could not meet the massive repayment demands.* ***The losses in the securities lending program were severe enough to imperil a number of AIG’s regulated life insurance subsidiaries. Before the bailout, AIG itself may have been insolvent.*** [\[Source\]](https://www.mercatus.org/publications/financial-markets/securities-lending-and-untold-story-collapse-aig) + +In order to close a securities lending transaction, the fund needs to return the collateral to the borrower when the borrower returns the share, which would mean the fund would need to close some of its positions unless it has the collateral already set aside, which it most likely does not because **everybody wants more money**. Since AIG reinvested the collateral they received in dog shit wrapped cat shit, the collateral had lost a lot of value and wasn't worth as much when they needed to cash out. + +If you want to get really technical on 2008 securities lending issues, check out [Securities Lending & Why Wall Street Sold 2.5T Treasury IOU's Last October](http://www.24hgold.com/english/news-gold-silver-securities-lending-and-why-wall-street-sold-2-5-trillion-treasury-ious-last-october.aspx?contributor=Eric+de+Carbonnel&article=2507793268G10020&redirect=False) + +**The second risk** **type** ***relates to a worst-case scenario*** *-- when a borrower, such as a hedge fund or investment bank, collapses and is unable or unwilling to return assets to the fund. Let's use Fannie Mae (2008) bonds as an example. A fund accepts Fannie Mae bonds as collateral, and while holding that paper, its value decreases. The agreement calls for these securities to be marked to market daily, with any decrease in value covered by the borrower. However, if the borrower fails to increase the amount of the collateral, and does not return the borrowed securities when they are due, the fund now has collateral worth less than the value of the securities lent out, and it experiences a loss in its net asset value.* [\[Thanks Motley Fool\]](https://www.fool.com/investing/general/2008/10/16/the-risky-business-of-securities-lending.aspx) + +Thinking of that AIG example, funds are currently lending GME shares to brokers who are ***relending*** the security to a hedge fund to be short sold... + +During MOASS, the [mutual funds,](https://mutualfunds.com/education/mutual-funds-and-security-lending/) and [ETFs](https://www.etf.com/etf-education-center/etf-basics/understanding-securities-lending?nopaging=1#:~:text=ETF.com%20Securities%20lending%20is%20a%20fairly%20simple%20process,typically%20hold%20thousands%20of%20shares%20of%20various%20stocks) currently loaning GME, and the *investors* of those funds, have a similar but worse exposure to securities lending risks then the brokers who were involved in AIG's scheme. + +The brokers currently borrowing and lending GME have a similar but worse [exposure](https://deloitte.wsj.com/articles/securities-lending-a-focus-on-two-risk-areas-1495080131) than what AIG's exposure was in 2008, which was famously catastrophic for AIG and its counterparties... I wonder how it will go for the current GME lenders? + +What's more, the *investors* of the funds loaning the shares are the very brokers who are borrowing shares from the funds. **They own shares of the ETFs** **loaning the GME shares** (ex. BofA owns 11.6M shares worth $3.3B, of IJH) So, they're exposed as lenders of the securities and as investors in the funds loaning the shares. + +And MOAR, some **funds also hold a lot of the brokers OWN shares** (ex. VTI holds 83M shares of JPM - worth $13B)... So, the broker is now exposed to counterparty risk 3 ways... + +&#x200B; + +1. They are borrowing and relending the security, +2. They own shares of the fund which exposes them as *investors* in the fund, AND +3. Many of these funds hold shares of the broker. If the fund needs to liquidate any of these holdings due to their own counterparty loses, the share values will lose money as they're being sold off. + +Here are the main stats from the NPORT [post](https://www.reddit.com/r/Superstonk/comments/tpm5si/nport_gme_deep_dive_so_much_gme_lending_total/) I made which showed how much GME was being lent: + +&#x200B; + +* **138** of **213** funds were loaning GME shares +* **70** funds lent out more than **90% of their GME shares** +* An estimated **5.72M of total 11.98M GME shares were on loan** (this is just loaned securities and does not account for rehypothecated shares or other avenues of securities lending), +* from the data filing, we were able to see the fund's securities borrowers and how many $ worth of securities they borrowed (this includes all securities, not just GME). We KNOW that someone(s) on the list of borrowers is borrowing GME. +* The primary borrowers of the one fund reviewed (a Fidelity Mutual Fund which had lent $61M worth of GME) were; Morgan Stanley **($911M)**, Goldman Sachs **($454M)**, Citi **($388M)**, BofA **($380M)**, JPMorgan **($321M)**, State Street **($239M)**, Barclays **($115M)**, BNP Paribas **($105M)**, UBS **($56M),** etc. + * That's a lot of $ on loan for just one fund... +* A lot of funds loaning the GME shares are managed by the same list of entities who are borrowing shares from the funds + +I'll leave some quotes regarding securities lending counterparty risks later in this post for additional clarity. + +# The Web + +**Example 1** of securities lending counterparty risk is the fund which is estimated to have lent out the most GME shares: + +**Vanguard Total Stock Market Index Fund (VTI)** filed on 3/1/22 for holdings on 12/31/21. + +Total GME Shares = 1,847,760 + +Total GME Shares on Loan ≈ 1,185,700 + +See the prior post for supporting information on how this was calculated. This fund has a lot of exposure when short sellers fail to return all of their shares during MOASS after the short sellers have been liquidated. + +The NPORT-P filing also gives us a list of the fund's securities borrowers along with the value of the securities on loan. This is for all securities, not just GME. Here are this fund's borrowers: + +*Processing img wtyi16w43et81...* + +Take a close look at those names... These entities are borrowing the funds then lending them out to hedge funds, best case scenario. We don't know for sure which entity is borrowing GME specifically, but someone(s) here is. + +I wonder who is investing in this fund if they have counterparty risk as well? As of their last filing, these guys: + +*Processing img 1a2zzo083et81...* + +Nearly $10B worth of this fund's shares are held by the same entities listed as the securities borrowers of the fund. + +So wait, the same entities who are borrowing securities from the fund, also own shares of the fund? They have counterparty exposure as fund ***investors*** as well as the ***borrower/lending agent***. $ bills are starting to add up a bit. + +# But Wait... There's MOAR! + +The fund has exposure as well. When short sellers fail to return shares during MOASS, the fund may need to liquidate holdings to keep its head above water. Here are some of the funds holdings: + +*Processing img lkwunc4e3et81...* + +Okay, so when short sellers fail to return shares to the lending agent (the banks), and + +the banks fail to return the shares to the fund, and + +the banks own shares of the ETF, and + +the ETF owns shares of the banks... What happens? + +# 🕸️⏰☎️💥 + +[Vanguard Total Stock Market Index Fund NPORT-P Filing](https://www.sec.gov/Archives/edgar/data/0000036405/000175272422053911/0001752724-22-053911-index.html) + +[Whalewisdom: Vanguard Total Stock Market Index Fund](https://whalewisdom.com/stock/vti) + +# Example 2 + +Here is the fund estimated to have loaned out the 2nd most GME shares. **This fund's advisor is Blackrock:** + +**iShares Core S&P Mid-Cap ETF (IJH)** filed on 2/25/22 for holdings on 12/31/21. + +Total GME shares = 1,711,041 + +Total GME Shares on loan ≈ 820,172 + +Here are the **securities borrowers of that fund:** + +*Processing img pd6wmdei3et81...* + +Here's some of **fund's shareholders:** + +*Processing img pw8r762l3et81...* + +Here are the **funds holdings:** + +*Processing img zkojm52pjet81...* + +I like cash. + +Also, some Total Return Swaps of funds with HSBC and JPMorgan as counterparties. Here are the supporting links: + +[iShares Core S&P Mid-Cap ETF NPORT-P Filing](https://www.sec.gov/Archives/edgar/data/0001100663/000175272422046262/0001752724-22-046262-index.html) + +[Whalewisdom: iShares S&P Mid-Cap ETF](https://whalewisdom.com/stock/ijh) + +[Gamestop NPORT-P Search](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&startdt=2022-01-01&enddt=2022-03-31) (for list of all funds holding GME shares) + +# Example 3 + +The fund estimated to have loaned the 8th most GME shares (205,000): + +**Vanguard Value Index Fund (VTV)** filed on 3/1/22 for holdings on 12/31/21. + +*Processing img 2ig37uni4et81...* + +**Shareholders of the fund:** + +*Processing img 6ps3boml4et81...* + +Just to name a few other shareholders: BNYM, Blackrock, BNP Paribas + +**Holdings of the fund** (deleted the image as I'm out of room for pictures): + +* Bank of America Corp (53M shares valued at $2.36B) +* Citigroup Inc (15M shares valued at $915M) +* JPM (22M shares valued at $3.57B) + +**Other holdings** of this fund include: BNYM, Blackrock Inc, Blackstone, CBRE Group, Cboe Global Markets, CME Group Inc, Charles Schwab Corp, Fidelity National Financial Inc... Just to name a few. + +# Computershare + +Direct Registration is how I am protecting my shares in the event my broker defaults and is liquidated [(741)](https://usbankruptcycode.org/chapter-7-liquidation/subchapter-iii-stockbroker-liquidation/section-741-definitions-for-this-subchapter/) from short selling OR securities lending counterparty losses. There's lots of DRS posts out there that will break down the reasons why I feel GME's transfer agent, Computershare, is the best place for my shares. + +I'm not telling you that your broker will default. I'm also not telling you to DRS your shares. I'm simply saying that **I feel safest knowing most of my shares are on GME's books at Computershare** because when marge calls and the short sellers are liquidated, that exposure is going to be passed elsewhere, including to the funds and other entities involved in the securities lending listed above, and the other avenues we've done our DD on. + +# The Counterparty Risk + +[Deloitte - Securities Lending](https://www2.deloitte.com/us/en/pages/financial-services/articles/addressing-securities-lending-risks-with-blockchain.html) + +***A typical securities lending transaction involves multiple entities: borrower, lender, lending agent, prime broker, and clearinghouse.*** *Lenders typically include various investment firms, as noted above, whereas, broker-dealers and hedge funds make up the bulk of the borrower group. Lending agents, on the other hand, are broker-dealers, custodial banks, and some large asset management firms as well.* + +***In almost every securities lending transaction, lenders are exposed to multiple risks***, such as counterparty default risk, collateral reinvestment risk, market risk, liquidity risk, operational risk, and legal risk. In particular, counterparty default risk and collateral reinvestment risk seem to have captured the most attention from regulators. + +[SEC - Securities Lending by U.S. Open-End and Closed-End Investment Companies](https://www.sec.gov/divisions/investment/securities-lending-open-closed-end-investment-companies.htm) + +*Lending agents* ***often*** **(not always)** *indemnify* (protect) *funds against the risk that the borrower will fail to return the borrowed securities (to the extent that the value of the collateral is insufficient to replace the unreturned securities).* ***Lending agents, however, typically do not indemnify funds for losses incurred in connection with cash collateral reinvestment.*** + +[mutualfunds.com - Securities Lending](https://mutualfunds.com/education/mutual-funds-and-security-lending/) + +***When a fund lends the stocks,*** *these assets are not actually part of the fund, the put-up collateral is.* ***Typically, U.S. Treasuries or cash is used.*** *However,* ***in*** ***recent years everything from mortgage backed securities and derivatives to letters of credit and other exotic I.O.U.’s have become commonplace***\*. These sorts of instruments fluctuate in price and must be marked-to-market daily. That can actually affect the net asset value of the mutual fund if they swing rapidly. An additional risk is if the mutual fund invests that money in something less than desirable to juice returns.\* + +*Secondly, if the collateral drops in value by too much, the investor borrowing the shares may be forced to add additional collateral or cover the short early. If they can’t,* ***the mutual fund and its investors are on the hook for the damage.*** + +The same thought process for [ETFs](https://www.etf.com/etf-education-center/etf-basics/understanding-securities-lending?nopaging=1#:~:text=ETF.com%20Securities%20lending%20is%20a%20fairly%20simple%20process,typically%20hold%20thousands%20of%20shares%20of%20various%20stocks). + +&#x200B; + +*Processing gif w50in9bz4et81...* + +# Example 4 + +This is the fund estimated to have loaned out the 19th most GME shares (45,220). + +**iShares Core S&P Total U.S. Stock Market ETF (ITOT)** filed on 2/25/22 for holdings on 12/31/21. + +Here are the fund's securities borrowers: + +*Processing img 5u7yoz365et81...* + +Here are the fund's shareholders: + +*Processing img pneojaq95et81...* + +Here's a few other fund shareholders; BNYM, Blackrock, National Bank of Canada, Susquehanna, US Bancorp, Royal Bank of Canada, Fidelity, Bank of Montreal + +Here are some of the fund's holdings: + +*Processing img j41bhgoc5et81...* + +Some other holdings of the fund include; Apollo Global Management, BNYM, Blackrock, and Blackstone, Cboe Global Markets Inc, Nasdaq Inc... The fund has holdings of exchanges too? What? Yep, there's MOAR funds just like that. + +[ITOT - Whalewisdom](https://whalewisdom.com/stock/isi) + +[NPORT Filing](https://www.sec.gov/Archives/edgar/data/0001100663/000175272422046360/0001752724-22-046360-index.html) + +# Example 5 + +Here is the fund estimated to have lent out the 3rd most GME shares (418,000), this fund does not hold any bank shares, but important to continue showing the overall exposure: + +**Vanguard Extended Market Index Fund (VXF)** filed on 3/1/22 for holdings on 12/31/21. + +*Processing img wtoz3r2k5et81...* + +**Shareholders:** + +*Processing img keuhu4yn5et81...* + +**Other shareholders**; Blackrock, Deutsche Bank, Fidelity, Jane Street Group, Millenium Management, Royal Bank of Canada, Natixis, Susquehanna... + +Are you noticing some repetitive names? + +# Example 6 + +Here is the fund estimated to have loaned out the 23rd most GME (34,483): + +**College Retirement Equities Fund - Equity Index Account** filed on 2/24/22 for holdings on 12/31/21. + +Here are the securities borrowers: + +*Processing img 5y2iegrs5et81...* + +Here are some of the fund's **HOLDINGS:** + +*Processing img eg9e15qv5et81...* + +Here are the funds shareholders: + +*Processing img o2ygnqc06et81...* + +[Link to NPORT Filing](https://www.sec.gov/Archives/edgar/data/777535/000175272422044235/xslFormNPORT-P_X01/primary_doc.xml) + +[Link to Fund Information](https://www.tiaa.org/public/investment-performance/investment/profile?ticker=268561119#resources) + +["R" Class Funds](https://www.thebalance.com/what-are-mutual-fund-class-r-shares-2466763) + +# Example 7 + +Here is the fund estimated to have loaned out the 36th most GME (23,252): + +**iShares Russell Mid-Cap ETF (IWR)** filed on 2/25/22 for holdings on 12/31/21. + +Here are the **securities borrowers:** + +*Processing img kj7c8nli6et81...* + +**Shareholders:** + +*Processing img nfj0wrudcet81...* + +**Fund holdings:** + +*Processing img j3wl2v3scet81...* + +This fund includes the same familiar names, and you'll also see Iron Mountain, who holds books/records for several of the entities listed throughout the post. + +**\[Insert dumpster fire meme\]** + +Do you see the vastness of risks involved in the short selling process, especially if most of that short selling is naked short positions AND other hidden means? + +Decentralized tokenized exchanges could potentially benefit from the fallout illegal naked short selling will cause the world's financial system 🤔 + +# fin + +When short sellers are liquidated during MOASS, funds, fund shareholders, and fund borrowers are exposed to huge securities lending counterparty risks. The above information shows a small glimpse of the GME securities lending taking place and the potential exposures for everyone involved. + +Again, these statistics do not include any information on rehypothecated shares, any other avenues of securities lending, or any form of short interest. This is merely the estimated number of shares on loan by some funds. + +Every quarter of 2021, the NSCC has had this (or similar verbiage) to say regarding the Clearing Funds backtesting, *the largest deficiency incurred during the quarter was mainly driven by a concentrated security* ***exhibiting idiosyncratic risk*** AND they didn't have enough cash on hand to cover the potential default of their largest member 5 times in 2021. This had never happened before. [DTCC](https://www.dtcc.com/legal/policy-and-compliance) + +*What's an exit strategy?* + +**You want to get even wilder?** Go look at the main holdings and shareholders of **AGG, IGSB, & NEAR** to find out that **these entities are indirectly holding in their own and each other's debt through ETFs.** + +**Note 3:** If everything is starting to look like a web, maybe there is a hub? I feel it important to point out that A LOT of entities listed as borrowers or shareholders of the funds above, are also listed on the **W\^E\^F PARTNERS** [**PAGE**](https://www.weforum.org/partners#D) **including** [**BCG**](https://twitter.com/ryancohen/status/1512103363311243269?cxt=HHwWisC4nev_iPwpAAAA) **& the DTCC** along with a lot of other familiar faces, including [Ken Griffin](https://thefundchicago.org/who-we-are/board/kenneth-griffin/). Maybe there is a connection, maybe it is complete coincidence. When coincidences pile up though, it's worth looking into them. + +**Note 4:** I am not a financial advisor and none of this information is financial advice. I am simply providing information that is publicly available. + +# 💜🟣💜 + +Tanks fo reedin +When I'm evaluating a stock, I try to keep it simple. These are the measures I use and the questions I'm trying to answer with them, picked from a variety of materials over the years. I make no claims to whether it's better than anyone else's way, it's just the way I do it. If you think I'm full of it, let me have it. I'm a grown up, I can take it. + +Quantitative + +* Book Value - Does the company have enough assets to cover its debts if it has to shut down tomorrow? +* Debt to Equity - How big is the company's debt in relation to its assets? Is it using debt sparingly or is it borrowing from Peter to pay Paul (so to speak)? +* Return on Equity - Is the company efficiently using its assets to generate revenue? +* Profit Margin - Is the company spending money efficiently to generate revenue? +* Owner Earnings - Is the company generating value for its investors? +* Retained Earnings - How much profit is the company keeping? + +Qualitative Trends (5-6 years) + +* Is the company increasing, reducing, or maintaining its debt level year over year? +* Is the company increasing its profit margins year over year? +* Is the company increasing owner earnings year over year? +* Is the company increasing the amount of profits paid back to investors via dividends? +* Is the company share price increasing in excess of its retained earnings? + +Valuation + +* Discounted cash flow based on historical owner earnings with some assumptions on how the growth rate tapers over time. Is the company trading at a discount or a premium? + +This is just an initial screen and the thresholds between good and bad can be highly contextual based on each person's understanding and risk tolerance. There are \~10,000 companies operating in the US (according to the SEC) and trying to evaluate all of them is not something I have time for even with automated tools. It's a heuristic to focus on the interesting opportunities. Next is reading filings and trying to find out why the price is lower than I think it should be. +Is there any service that summarizes 10-K to save time and easier to understand? + +My purpose is to want to be easily understood before reading the full report. + +If you have any service that you're using (about summary or any time-saving service) please share about it. + +&#x200B; + +Thank you. +Check this out https://www.nasdaq.com/market-activity/stocks/gme/latest-real-time-trades then check out the real time trades for literally any other stock. I saw it mentioned in here earlier, but didn’t think it got enough attention. Hedge funds are selling 100 share increments back and forth to each other every millisecond in order to drop the price. Don’t fall for this elementary level manipulation. We may be retarded, but we’re about to be rich retards. + +They are terrified 💎 + +Edit: sources to help explain how this works https://www.google.com/amp/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack (from 2014, wanted to find an article that didn’t originate solely due to current situations) + +https://en.m.wikipedia.org/wiki/Naked_short_selling#Claimed_effects_of_naked_shorting (talks about counterfeit shares referenced in first article) + +Also, I’m not claiming to be a scientist just posting what I believe. +Beware of this, I just shit myself when I realised I entered my password into the site with a phony URL, can anyone confirm this and also help report it if it's a scam. + +EDIT: Confirmed, I was lucky to get away with my crypto in once piece - BE CAREFUL and ALWAYS double check before logging in. + +Scam URL: https://bllttriex.com/ please report, IP located to Wrocław, Poland +Two simple concepts (supported by verifiable fact and evidence) that should remain in the front of our smooth minds over the coming days/weeks. + +TA;DR - 🌈🐻 short HF's are fuk. Papa Cohen (and those who know and believe in him, are 110% going to succeed! + +# 1 - 🌈🐻 SHF's are not covering their positions because doing so only accelerates their extinction event. + +Put yourself in Melvin's shoes for a second. You are so short GME that your liquidity limitations would only allow you to cover a small percentage of the position before you are flat broke. You have no doubt in your mind that, when the dust settles, your HF will be obliterated to dust. It is simply a matter of time. + +Now, would you (*as Melvin*) push the buy button and bring on the implosion of your HF or would you just enjoy the time you had left? If you think you would chose the former, I admire your masochistic nature greatly. But common sense suggests that Melvin would choose the latter. + +&#x200B; + +https://preview.redd.it/2rfh8d75j6s61.png?width=1280&format=png&auto=webp&s=c27bb7446d3ad51e2e5c3e899d3c805c6c48ac6d + +# 2 - Most important part of the RC as Chairman announcement was, "[f]ollowing the Annual Meeting, all directors will be compensated 100% in equity[.]" ([link](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-slate-director-candidates-2021-annual-meeting)) + +In 2019, Gamestop required the board members to own **"at least"** an amount of stock in the company that is **3 to 5 times the amount of their respective base salaries** ([source](https://news.gamestop.com/node/17701/html)). If RC were measured on the same metric, **his base salary would be $288,032,000** given the share price at the moment ([source](https://fintel.io/i/rc-ventures-llc)). RC is placing a substantially larger bet on the success of Gamestop than any of the prior leadership. + +&#x200B; + +https://preview.redd.it/na24rdgws6s61.png?width=1044&format=png&auto=webp&s=819065c9a52a51bb417b461d956c18be22e021cf + +The 2020 Executive leadership team's compensation was [cut 30% in 2020](https://www.bizjournals.com/dallas/news/2020/04/22/gamestop-cutting-salaries-covid-19.html). George Sherman, the former CEO, had his pay cut 50% in 2020 (^(IMO, they were simply giving up on Gamestop)). In comparison, Sherman's salary in 2019 started at $1M and he received stock options valued at $10.5M (same source is previous link - [Id.](https://fortune.com/2021/01/29/gamestop-stock-ceo-george-sherman-gme-shares-net-worth-billion/)). *What's that? Did someone say, "overpaid like a MF-er?" I have to agree with you there*. + +**Gamestop's executive team siphoned out a total of $23,416,282 among the eight members in 2018** ([source](https://www1.salary.com/GAMESTOP-CORP-Executive-Salaries.html)). Gee, I wonder why they are being replaced faster than a toilet seat cover in a truck stop bathroom. + +&#x200B; + +[ https:\/\/news.gamestop.com\/node\/18661\/html ](https://preview.redd.it/czovamyaj6s61.png?width=1103&format=png&auto=webp&s=d8e3b21f6d20bfd7765d6a05f6573c5480cc1d43) + +Getting commitments from the likes of Jenna Owens, Matt Francis, and Elliott Wilke, to move to Grapevine Texas is not a small task. There is no scenario where these high-powered individuals agree to do so without a 💎✋'d grasp of RC's plan - and **FULL** faith in it! + +To mention nothing of the fact that **all directors** will be compensated solely by equity going forward! + +&#x200B; + +[ https:\/\/investor.gamestop.com\/news-releases\/news-release-details\/gamestop-announces-slate-director-candidates-2021-annual-meeting ](https://preview.redd.it/ufqri70lj6s61.png?width=520&format=png&auto=webp&s=8fdde1f7804f2f9446e455ecaa691d283317643a) + +Edit 1: Forgot to add picture of the share ownership requirement from the 2019 10k filing. + +**I love you crayon-eating autists and I am honored to be part of this community.** +Hi! I’m 24 yrs old and want to learn more about investing in stocks and also making passive money from dividends. I’ve been mainly into crypto but want to also get into stocks. Rn I make about 2,800 a month w DoorDash/Amazon flex. Currently looking for a job that pays more. But I want to put in at least 500/600 dollars per month into some stocks and dividends stocks to grow my portfolio, also going start some side gigs on YouTube & real estate so the income will change over time. What are some stocks you all have in mine? I am going to research them myself as well before putting any money into them. Thank you! +I'll keep it simple this time. I am 50. I have been investing for 22 years, just not in dividend stocks. + +I need to generate a monthly income for about 1 year. These are not long term investments. + +$40k each in SCM and PFTL + +$20k each in IDIV and NUSI + +That should generate $900 a month for a year which is what I need. + +What do you think? +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +It certainly seems like the RRP has found a new floor, and is going to remain above $1T for the foreseeable future. Similarly, GME's floor continues to rise as Apes HODL with Diamantenhände. While volume was up a bit from Wednesday's record low, it was great to see such a boost from relatively little volume! It is clear that Apes continue to buy and HODL, and that the short hedge funds are losing what little control they thought they had over the price. + +Today closes out another week in the MOASS saga. It is Friday, August 13th, and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$161.72 / 137,76 €** *(volume: 937)* +- 🟥 115 minutes in: $162.20 / 138,18 € *(volume: 925)* +- ⬜ 110 minutes in: $162.50 / 138,43 € *(volume: 925)* +- 🟥 105 minutes in: $162.50 / 138,43 € *(volume: 872)* +- 🟩 100 minutes in: $162.59 / 138,50 € *(volume: 770)* +- 🟥 95 minutes in: $162.50 / 138,43 € *(volume: 635)* +- 🟥 90 minutes in: $162.51 / 138,44 € *(volume: 631)* +- ⬜ 85 minutes in: $162.56 / 138,47 € *(volume: 621)* +- 🟥 80 minutes in: $162.56 / 138,47 € *(volume: 616)* +- 🟥 75 minutes in: $162.83 / 138,71 € *(volume: 616)* +- 🟩 70 minutes in: $163.20 / 139,02 € *(volume: 601)* +- 🟩 65 minutes in: $161.50 / 137,57 € *(volume: 521)* +- ⬜ 60 minutes in: $161.44 / 137,53 € *(volume: 512)* +- 🟥 55 minutes in: $161.44 / 137,53 € *(volume: 493)* +- 🟩 50 minutes in: $161.46 / 137,54 € *(volume: 493)* +- 🟩 45 minutes in: $161.44 / 137,53 € *(volume: 475)* +- 🟥 40 minutes in: $161.41 / 137,50 € *(volume: 448)* +- ⬜ 35 minutes in: $161.44 / 137,53 € *(volume: 416)* +- 🟥 30 minutes in: $161.44 / 137,53 € *(volume: 414)* +- 🟥 25 minutes in: $161.50 / 137,58 € *(volume: 414)* +- ⬜ 20 minutes in: $161.53 / 137,60 € *(volume: 401)* +- 🟥 15 minutes in: $161.53 / 137,60 € *(volume: 401)* +- ⬜ 10 minutes in: $161.56 / 137,62 € *(volume: 225)* +- 🟥 5 minutes in: $161.56 / 137,62 € *(volume: 211)* +- 🟥 0 minutes in: $161.57 / 137,64 € *(volume: 88)* +- 🟩 US close price: $162.35 / 138,30 € *($162.00 / 138,00 € 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 1.1739. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Just what the title says, does anyone know what's going on or why our markets came out the gate crashing very hard, just to let up and recover most of the losses? Is this normally how a crash happens? Does anyone happen to have a link of past crashes live to correlate the hour by hour, day to day, week to week charts? I would assume once a crash falls below a support level it would be chaos and nosedive down instead of finding resistance and bouncing back up. Can anyone please elaborate on their understanding of what's happening? +In short, I do not know much about investing or finances, so I trusted my financial advisor's decisions regarding which stocks to invest in and so forth. The money I inherited after my dad's death was approximately $160k, I have taken out approximately $40k, and now have less than $10k left. I have written documentation that states he invested in risky stock options despite my request to invest conservatively. Is there anything I can do? Can I sue him? +hey guys. i’ve finally traded to 1000$ capital and wanna start capturing theta gains. any suggestions on stocks to run it on? should i pick one 10$ stock or a couple 2-3$ stocks. thanks +Amazon.com Inc. said Monday it added three million new members to its Amazon Prime service in the third week of December, boosting what was already a record holiday season for the online giant. + +Prime members made the company’s “The Man in the High Castle” television series the most watched on Prime Video this season, and helped double the total viewing hours of Prime Video titles compared with 2014, the company said in a statement. +It's like you can't even add \*\*\*\*ing question marks at the end of your topic title without it getting auto-modded and removed. + +And there seems to be a billion key words that they added to the auto mod policy that removes your post. I made a topic that was getting some traction and then it gets deleted because I made a quick edit. I honestly don't know what it was. Y\*\*Tu\*e? S\*\*\*\*ng \*\*pha? + + At this point i'm pretty annoyed am considering just moving to the other place (I guess s\*br\*\*\*\*it and r\*s\*\*ks are banned words? Jesus). The rules are more lax. The quality of posts are pretty much the same as here. + +I literally had to edit this post 5 different times, each time deleting different paragraphs and rewriting it because there seems to be key words that are banned that doesn't even make sense on why they're banned. +Hello all in pf, long time lurker first time poster, ironic it's on this topic + +I've been battling cancer for over a year and due to a few things lining up poorly on the cancer front at the same time I've been given as little as a month to live. I don't have much in the form of belongings or investments though I do have some. My medical insurance has those expenses covered until I come to my end. + +I would appreciate any advice in what I can do with my time left to help cover other expenses when I'm gone or to take care of those I leave behind +Hi guys, + +Relatively new to crypto world, been in it since late July. Wondering what kind of setup you guys have? I've had one 1080p monitor this whole time, bought a new 4k one and will use both...not sure what to look at though. + +For the time being all I do is look at Bittrex, read relevant subreddits about crypto, read coindesk and other websites/articles I find about what's going on, a few telegram groups, recently joined slack (Doesn't seem useful), coinmarketcap or worldcoinindex for quick scouting of random coins. + +I have felt for a while now this is not sufficient, as I get news late and price action is already happening by the time I'm aware... + +What are your guys news sources, any web apps etc to make like a 'news suite' from multiple sources, what is your setup like? Best place to get the news first? + +I've also signed up to tradingview and coinigy but don't understand charts properly yet, also was wondering with coinigy, why is it good to be able to trade across lots of different exchanges at the same time? + + +Hi all! Wife and I are about 30 and she’s about 2 months pregnant with our first child! I’m a bit unsure about how to financially adjust to our new reality, but here’s our context. We both make $145k each plus solid bonuses in a high cost of living area. Don’t own property yet but also have no debt; we were prioritizing saving for a home in 2023 prior to the pregnancy news, but now the situation is obviously changing. The major variable is my wife is leaning towards being a stay at home mom rather than return to work, which I support but it’s a massive hit to our finances to lose half our income. + +We have a healthy cash position / emergency fund that we are continuing to grow, and the rest of our liquidity in the market (both retirement and non-retirement). My major concerns are the following: + +1. Being able to continue to save enough for a house while paying for all that comes with a pregnancy/baby (we have great insurance luckily, but I’m still expecting this will cost 10s of thousands of dollars over the next few years). + +2. Retirement savings as a single income family. Should I still try to max my 401k savings since my wife won’t have one? This is a tempting area to deprioritize in the short term while we work towards a home and pay for baby, but I’m afraid to fall behind in retirement. + +Any guidance, feedback, links to resources are greatly appreciated! To be clear I am not currently looking to hire a financial planner so please don’t message me offering services, just hoping for some friendly advice. +Usually when I get sick I just ride it out but I've had this very painful sore throat for the past few days that won't go away and I don't have insurance. + +My dad recently gave me some money out of nowhere and i wanted it to go to bills and food since my fridge and pantry are empty but now this sore throat. I especially don't want to dip into that money if this will clear up on it's own but it doesn't seem like it will be. +I grew up with a single parent, dad left when I was around 1 years old. + +I lack confidence, and sort of awkward in the sense of being quiet around people, and keeping to myself. People at work tell me to loosen up, but it's just the way I am. + +I think not having a dad/parents that were really part of my life affected me. No one really gave me life advice or showed me how to be a man. So what I did was indulge myself with video games, playing 16+ hours from 5-19 years old. Sometimes almost all day, not eating much, etc. + +I'm 22 years old working a construction job (not something I want to do forever). + +Was on and off with school. Spent two years learning automotive and accounting, they turned out not being for me. + +Going to school this fall, taking IT classes for the first time and a math class. + + I have always been intrigued with computers, learning how to fix them, etc. So I feel like I'll give IT a shot this semester, then move into cybersecurity. + + Because at this point I feel like I'm wasting my life away. I just want to find something I enjoy and can be passionate about. It would be nice to have a good career and make a decent amount of money so I'm not stressed out like how I see my mom. She wanted me to co-sign on the mortgage. She doesn't even talk to me now, like really? All I can do is pay rent and try to better myself. Hopefully, I can do something about moving forward with my life so I can afford therapy or something. + + My sister is turning 30 this year, and still lives at home. Doesn't pay rent.. and it feels like if I don't figure something out, I'll be like her. On top of that, I found out my father is homeless.. he was never really there in my life and it's hard to feel anything but it makes me wonder if I'll be homeless one day too. + +Would be nice to have my own place, learn how to be financially smart about owning a house, etc and actually be an independent adult. + +Should I see how IT classes go for me? Or Just join the military? I was thinking Air Force, but then I heard they give you a list of the jobs your qualify for, and they randomly pick want is available. Which sort of sucks, because I would like to do something IT/cyber security related. So I may look more into the Navy since my recuiter says he can gurantee me a job, he been calling me every week so far. I did bad on the practice test last month at the recuiters office but ended up getting a 89 on the offical ASVAB. +https://www.bbc.co.uk/news/business-54000714 + +Not sure this is a surprise given the number of recent mortgage deal posts, but it's interesting to see Moneydata's corroboration nonetheless. And while I don't necessarily disagree with banks' cautious approach given history, the situation for FTB'ers really is unusua, taking into account: + + +- The incredible boom in mortgage transactions; + +- That house prices have just recently been confirmed at an all-time high. + + +I've been a homeowner myself for a long time so this doesn't affect me - but surely all signs point towards this being an unsustainable short-term trend? + + +Also: BBC's mandatory "person sitting over an excessive amount of paperwork with a calculator" photo to represent stress. +OK, let me start by saying that I think the general idea of a cryptographic currency is a brilliant one. I can definitely see Bitcoin establishing itself as a major world currency, and basically doing to fiat currencies what email did to the postal system. + +However, whenever I mention Bitcoin to anyone, I **strongly** encourage them not to invest more than they are prepared to lose. I myself only own 10 BTC. Why? Because Bitcoin has flaws, and it has potential enemies, and I think there's a very good chance that the currency could be basically destroyed overnight. + +*THE PROBLEMS:* + +1. **The code.** Bitcoin is not a magic black box. It's a complicated piece of open-source software, written by a community of volunteers and hobbyists with various degrees of ability. IT CONTAINS BUGS. What these bugs are and how serious their symptoms will be remains to be seen, but we have already had a few serious problems (such as [the 0.7/0.8 fork](http://it.slashdot.org/story/13/03/12/063246/bitcoin-blockchain-forked-by-backward-compatibility-issue)) and it's likely there will be more to come. + +2. **The value of exploits.** With the soaring value of Bitcoins, it is likely that it will increasingly become a target for attack. If someone can find and exploit a flaw, they can make a fortune. Due to the nature of Bitcoin, it would be almost impossible to discover the culprit or recover any losses. [This was already happening when there was almost nothing to gain from it!](https://bitcointalk.org/index.php?topic=822.0) + +3. **Government intervention.** Currency manipulation is one of the core economic controls of government. Mass adoption of Bitcoin would render this tool ineffective, or even unusable. It's certainly conceivable that the US or EU could implement a blanket ban on Bitcoin trades, which would utterly cripple the currency's expansion. As we're now hitting the point where large-scale funds are buying into Bitcoin, such a move would cause a rapid exodus of significant funds, by a few small high-worth individuals over a very short timescale. This, combined with the effect of legislation, would almost inevitably trigger a large-scale panic sell-off, and there would be no market remaining to allow for the currency's revival. + +4. **Corporate sabotage.** Moneygram, Western Union, Paypal. Just three examples of multi-billion dollar multinationals with business models which would be rendered obsolete should Bitcoin achieve widespread adoption. Bitcoin, despite its rapid expansion and long-term potential, is tiny compared to many large organisations which have a vested interest in seeing the currency fail. At its current size, the Bitcoin economy could be toppled for a handful of million dollars- enough to buy and sell large volumes specifically to cause huge price swings, to undermine confidence with smear campaigns, or to directly attack flaws in the software or the network that underpins it. + +5. **Fundamental flaws.** The design of Bitcoin is not perfect. We're already seeing the blockchain becoming bloated by the micro-transactions of SatoshiDice. What if the volume of these were to rise a thousandfold, through deliberate flooding or simply through the natural expansion of the currency? We're already worried about mining guilds which have control of too much computing power. 51% is quoted as the minimum level required in order to subvert the Bitcoin transaction system successfully. This is not strictly true- 51% is simply the point at which an attack becomes more likely to succeed than to fail. It's perfectly possible that an entity with a significant non-majority of mining power could succeed in poisoning the blockchain with dishonest blocks. This can be attempted over and over again by a motivated group or individual, and it only needs to succeed once to cause irreparable damage to Bitcoin's credibility. + +With the current public interest in the currency, the media spotlight focused on it, and the fledgling involvement of high-value investors likely to abandon Bitcoin forcefully if they foresee any potential losses, I believe that Bitcoin is extremely vulnerable at present. Any one of the problems listed could trigger a panic which would crash the currency overnight, and in a way that it wouldn't likely recover from. + +So, whilst I'm not concerned about the effects of speculative bubbles, and I do believe Bitcoin is destined for long-term success, I urge caution. Please, don't invest more than you can afford to lose. +I have two kids - 2.5 and 1 years old. I figure we have about 15 solid years of vacations for the four of us when they’re old enough and before they’re too old. One domestic and one international trip a year, that’s 30 trips to form lifelong memories for our family. Tell me about the unforgettable trips you have you taken with your kids or the highly anticipated trips you want to take so I can fill out my bucket list. +I set myself a resolution last year - go 12 months without using physical cash. No coins, no notes, no gold bullion, no cheques. I attempted to do *all* my spending on credit card, Direct Debit, and bank transfer (BACS). + +It worked! Mostly... Here's where it didn't work, and what I learned from it. + +(This is a shameless copy & paste [from my blog](https://shkspr.mobi/blog/2020/01/a-year-of-going-cashless-and-where-it-hasnt-worked/)) + +## Foreign Cash + +Went to Hong Kong and withdrew £100 in local currency. Was completely unnecessary. Everywhere took card / contactless. We didn't stray away from the tourist trail, which may have helped. Carrying cash had a mixed effect on my anxiety. I was slightly nervous about getting mugged, but that was offset by knowing we could jump into a cab if we encountered any local difficulties. + +Similarly, we went to Australia and took out the same amount of cash. We were driving in some fairly rural locations - although not the outback! - and wanted a small safety net. Again, completely unnecessary. Everything from parking meters to tiny ice-cream stands took contactless. + +Spoke at a conference in Denmark. Was only a quick visit, so didn't take cash. Tried to buy a chocolate bar and drink in the train station, but was told my card wouldn't be accepted. I wasn't sure if it was the small sum, a foreign card, or something else. Bit weird, but the rest of the trip was fine. + +Countless trips to the EU. I already had some € coins and notes. The first few times I took them - but they were never needed. Even in small bakeries my card or phone were accepted. + +## Emergency Cash + +This was a *horrific* situation. I was due in hospital to undergo a surgical procedure and the minicab driver was *screaming* at me to pay him in cash. We'd booked the night before and paid in the cab firm's app. What we hadn't realised is that they'd outsourced the job to a different firm, who'd outsourced it to yet another firm. Somewhere along the way, the driver wasn't told it was a pre-paid fare. + +We couldn't get hold of any of the firms so, reluctantly, we had to take cash out of an ATM using our credit card. We didn't have a debit card with us - because we never use it. + +The cab firm eventually gave us a refund, and the credit card company agreed not to charge us their usual extortionate interest rates for cash withdrawal. + +Lesson learned - always take a taxi which is *required* to accept card, or confirm with the driver *before* travelling. + +## Lunch + +Most of the lunch stalls near my work take card. The ones that refuse don't get my custom. + +Except for this *amazing* salad bar round the corner. I took out a couple of fivers to pay for a massive box of salad. I did ask the owner a few times if he'd consider taking card. He said the only way he could keep the price low was with minimal overheads. Considering how long the queue was to pay - which often prevented people entering the venue - I think it'd pay back quickly. But it's not my position to tell him how to run his business. + +## Cheques + +LOL! I haven't paid with a cheque in years. Annoyingly, a few companies decided to send me refunds via cheque. My bank account doesn't have any local branches. So I either had to post them off, or use my backup bank. I think I'll start having to charge a cheque-processing-fee for old-fashioned companies. + +I suspect that companies send out refunds by cheque because they *know* it's a pain. I bet lots of them go uncashed. + +## Odds and Sods + +Our local off-licence tried to charge us an [illegal card-fee](https://www.gov.uk/government/news/card-surcharge-ban-means-no-more-nasty-surprises-for-shoppers). So I walked out and left the bottles on the counter. Then reported them to Trading Standards. + +Similarly, a few places have insisted on a minimum transaction amount - this is [against the terms of most providers](https://www.mobiletransaction.org/should-you-set-a-minimum-for-card-payments/). I've either picked up some sticks of gum, or bought elsewhere. + +I received a few paper vouchers for a department store. They all had redemption codes, so I could use them online. + +All of the plumbers and electricians I dealt with either accepted card or gave me their BACS details. A couple of clicks later and they were paid. + +For group events at work, no-one wanted to deal with cash. We either transferred the money directly to whoever was organising things, or each paid separately. + +## Things I wasn't able to do + +The UK doesn't have much of a tipping culture. I used to round up the bill, or add a fiver, if I was paying cash. These days, most places have a button on the credit card terminal with a suggested gratuity amount, or a free-form entry. I resent being forced to tip, so this seems like a sensible solution. Perhaps my tips don't go directly to the staff? That's not really my problem. Does that make me an arse? + +No cash-in-hand discounts. Again, there's not much of a haggling culture in the UK. Occasionally I've been able to say "What's the best price you can do" but no money off for undeclared income. + +Donating to charity. I don't give to people in the street, and I don't put coins in buckets. The majority of my charitable spend goes via [Payroll Giving](https://www.gov.uk/payroll-giving) for tax purposes. But, most charities take contactless now. + +## Privacy + +Oh no! Someone can track my spending!!! I literally don't care. Middle-aged bloke spends too much on beer and electronic gadgets. Shock. I catch the same train to work each day. Scandal! + +Perhaps I'm being naïve. I'm not involved in anything revolutionary or seditious. I'm not buying illicit pharmaceuticals or private entertainment services. Maybe I'm complicit in bringing forth a dystopia - but I place a high value on convenience. + +Please argue in the comments about why I'm wrong. + +## Lessons + +In the UK, if you live in a city and have a credit card, it is absolutely possible to live without cash. I'm lucky that the public transport options where I've lived are modern and accept contactless. + +With the exception of an angry taxi-driver, no one has been upset that I didn't want to use cash. + +The vast majority of my transactions were via Google Pay. I waved my phone near the terminal, and the rail barriers open as if by magic. + +Foreign travel was painless - but we weren't exactly going off the beaten track. + +Tracking my own spending using [Money Dashboard](https://members.moneydashboard.com/?code=LY1WLRX1) became much easier. We can look at our household budget and quickly see where we're wasting money. + +So, could you go cashless for 2020? If not, what's stopping you? +Hi all -- I'm currently in my early twenties (a recently college graduate) looking to buy my first property in the Southern California market (to rent out and become cash flow positive). + +I strongly believe the way to succeed in a time like this is to find off-market properties. One method I have begun doing is to zoom in on an area, go on the Craigslist "Apt For Rent" section and look for posts with not a lot of effort put into them -- the type of properties that are owned by small investors or people who have an extra property. I then proceed to call them asking if they are looking to sell their property. + +Now I've done a few cold calls and they have gone fine, but I wan't to make sure my approach is optimized. What I currently do is basically tell them that I am a young real estate investor looking to jump into the market and then proceed to ask them if they are looking to sell their property. If they say no, I ask them if they have any additional properties they are looking to get rid of. + + +I'm curious if it's a good idea to jump into the business side right away? Should I tell them that I'm young? Should I tell them that I intend to use their property as a rental property? Basically my questions is what information should I share on the call which will optimize my chances of them being open to talking to me and possibly selling their property. + + +Any help is appreciated! +On a VA loan. It may be that you have to get a new loan on it but I wanted to see if you could go another route by perhaps selling it to your LLC and carrying the note, or something similar. Tia. +Closed on a house this past Tuesday. The previous Thursday we get an email from someone pretending to be the closing lawyer asking us to wire them the closing money - which obviously is a pretty significant chunk of change. The email was super legit looking. Had my name, wife's name, the address, had a fake version of our realtor's email in the CC, had the lawyer's letterhead, and the name of the employee at the lawyer we've been dealing with. They knew close to the actual amount, and the bank they wanted the money wired to was in the city of the lawyer's office. I can totally understand how someone could fall for it. My wife even responded to the first email with something like "Ok, give us the a bank info and final amount.". I caught it there and nothing was wired. They ended up trying again this Monday with the same series of e-mails. Stay safe out there everyone. + +Edit: The red flag for me was the faked realtor email address in the CC of the scam email. Instead of "johndoe@yournewhouse.com" it was "johndoe_yournewhouse@fake.com". It came up as just JOHN in the email header, and I actually would not have seen it if I hadn't clicked on and expanded the addresses in the email. +It's almost 6 years since Microsoft went through with the acquisition of Mojang (creators of Minecraft) for $2.5 billion. + +Gamers were pissed and reception to the buyout was mixed. A lot of people have curious as to why Minecraft (an already big game at the time) was worth $2.5 billion. At the time, Minecraft was already insanely popular and was already the most sold PC game of all time. [Annual revenues have shown over $290m](https://www.independent.co.uk/news/business/analysis-and-features/built-last-minecraft-model-9788669.html). So why the gigantic inflation of $2.5 billion? + +&#x200B; + +I will spare you the description of Minecraft as the people who don't know what it is will be in the minority. I think it's important to talk about the concept of what Minecraft was at the time of its creation and how that contributed to its mass following. Minecraft's indie aesthetic and open nature almost allowed the players to create a game that they were looking for. Notch (creator) was very active with the Minecraft community and constantly releasing updates and engaging directly with the players ([This ended up having huge personal consequences for him](http://web.archive.org/web/20140922063257/http://notch.net/2014/09/im-leaving-mojang)). Although this concept is not 100% new, it was the first to really become popular. Notch's openness for Youtube Creators to publish content of them playing his game (something that a lot of developers were against at the time) only increased the reception the game had. + +It's common for the video game industry to have games come and go. Hype is a very big thing with video games. So did Microsoft make a $2.5 billion mistake? + +As of now, Minecraft has officially topped at 200 million purchases across all their platforms and over 126 million playing monthly. Prices differ per platform but if counted for all platforms at an average of $15 per copy, we can see roughly around $3,000,000,000 revenue. + +Outside of the game itself, Minecraft offers a hosted multiplayer model that will let you play with your friends in a hosted cloud-based world. Merchandise is also a huge source of revenue for Minecraft as well. Spinoffs and installation of almost any device have really put Minecraft everywhere. + +It's easy to be skeptical over acquisitions this large at the time, but in 2020 Microsoft made an incredibly smart move by purchasing Mojang. + +Thoughts? +I feel as if his negative remarks about how high crypto prices are played a part in the market being down. Him doing that sent the pump and dumpers to cash in while he waits for it to level off so he can buy crypto a much lower rate. +This is a rant. + + +I am new to crypto and to be fair I’ve only had Binance tell me to go fuck myself because of American sanctions, but this is just messed up. We’ve been blocked out of Binance for 2 years and no one’s said shit, I doubt any of you even knew that we had to pack our shit up and leave, the Russians haven’t even been blocked yet and I’ve seen you people become united as if it were your own accounts. + +“Binance owner says blocking innocent Russians accounts is unethical” + +“We must stand up for all users” + +Are we not innocent? What is it? Why are y’all more worried about the *idea* of it happening to Russians but we’ve been kicked out for years and no one batted an eye? + +Fair enough, I can use other exchanges like KuCoin. + +This isn’t even a geographical issue, I’m in Dubai and binance is supported here, but everytime I try to verify my account I get blocked because my Dubai residency card shows where I’m from. + +To the Russians, I’m not mad at you guys, you really shouldn’t be thrown off of exchanges because of your government. I guess I’m just pissy because people fight for you and leave us out in the sun. 🤷🏻‍♂️ + + +Fuck the Government. Sanctions don’t affect the government, it affects ordinary, innocent people. The poor American government must think if they use sanctions, the Iranian government will stop being bad because they feel bad for their people suffering. What a joke. + + + +Update: Thankyou for the support, I didn’t mean this to be hateful or mean. + +To the people rightly saying that sanctions are built to hurt ordinary citizens so that they step up and fight their government. You are right. That’s the whole point of it and Iranians are fighting back, they are protesting but unfortunately, the world is very different than the western democracy you’re used to. Some governments really don’t care how many people they kill. Some governments block all internet access so they can play Duck Hunt with people. + +I tried posting a link but it isn’t working for some reason. Google Iranian protests and enjoy. + +I agree with you all, but this is getting too political and that is not safe. + +All I’m saying is, the crypto exchange bosses shouldn’t sanction users. Allow people to trade freely. + + + +Update: From the crazy amount of support I’ve seen, I understand race is not an issue in this and I apologize for bringing it up. I have taken it out. Please raise awareness. + +What you are afraid of happening has already happened, help stop that. +“During the winter of 2008–9, 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 “Goldman”; they would say, “those motherfuckers” or “those cocksuckers” or “those motherfucking cocksucking assholes at Goldman Sachs.” 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 risk—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 didn’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 it’s been up to for the past few decades. We did the story; in retrospect we left out quite a lot, a problem I’ve tried to rectify here by adding some to the original text. + +“But 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 (“Stop Blaming Goldman Sachs!” read **Charlie Gasparino**’s rant; another on-air talent called me a “lunatic”), the Atlantic, and other outlets was that this was just typical media turf-war stuff: a bunch of insiders angrily piling on someone who didn’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 we’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, good—I meant it that way. + +But when the uproar continued for more than a month—an eternity in news cycle time—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 Trump’s hair, you can even talk abstractly about class economics using clinical terms like “income disparity.” But in our media you’re not allowed to just kick the rich in the balls and use class-warfare language. The taboo isn’t so much the subject matter, the taboo is the tone. You’re allowed to grimace and shake your head at their shenanigans, but you can’t call them crooks and imply that they haven’t earned their money by being better or smarter than everyone else, at least not until they’ve been indicted or gone bankrupt.** + +Goldman was the ultimate embodiment of this media privilege. The most valuable item in all the bank’s holdings was its undeserved reputation for brilliance and efficiency. The narrative that Goldman had always enjoyed was “The 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 “producers” 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 wasn’t so much a media turf war as a defense of The Narrative. I believe now that there’s real fear of what happens once The Narrative blows up—because once we’ve ripped the rich to shreds, what we’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 “those motherfuckers,” did not have these illusions. + +You’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 Goldman’s “vampire squid” reputation. But by then the executives at Goldman weren’t worrying all that much about their plummeting reputation—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 I’ve saved for last in this book because the history of Goldman—a company that has developed a reputation as the smartest and nimblest of corporate enterprises—is the story of the great lie at the center of our political and economic life. **Goldman is not a company of geniuses, it’s a company of criminals. And far from being the best fruit of a democratic, capitalist society, it’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.”** + +Excerpt From + +“Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America” + +By Matt Taibbi +offering A$400m senior unsecured convertible notes due 2028 . + +The capital will support the active pursuit of both core and international growth opportunities. + +Funds directed to drive growth in core markets, expand into new regions and "for general corporate purposes". + +No acquisition or focussed spending statement. + +Oh, and foot note, the execs are selling some.of their shares to cover 't@x obligations' + +These guys are ass Clowns +Should you drip all dividends? + +Or should you put the dividends into brokerage to build for the next buy? + +Pros and cons of both? + +Poll on what folks in here do. +I've seen a lot of posts on here recently about asking which ETF is better, whether to buy VYM or SCHD, etc. And I find myself always asking "why not just go into both of them?" Is there a downside to this, do the companies they each contain overlap too much, or is there something else I'm missing? +For the second time in 2018 I bought more eth. Everything is better positioned than it was a year ago. Time to stock up boys. Take em out of the supply and hodl. Remember hodl? +It's like knowing cars exist and cars will soon change the world, but for now you must walk everywhere barefoot and on broken glass! Had another ridiculous encounter with my bank. 1) depositing foreign checks made out to my business. First I wait in line for 20mins. Then it takes them around 3-5minutes a check. Then they have to get managers to approve the check, deposit each check one by one and I have to sign for each check deposited. AAAAAND 6 WEEKS for these check to clear. 6 WEEKS! But there's more. I changed the name of my business last week. Can they simply edit the name field on my account from Widgets ltd. to Widgets Delux Ltd? No, I have to book a full blown meeting with a bank manager next week. We'll have to sit down for 30-45 minutes, change the name and link my existing accounts to it. Knowing what is available with the blockchain this makes me want to stab myself in the face. +tldr; with blockchain +-no lines +-instant deposit +-instant funds +-virtually zero fees +-changing company name? Instant, not even remotely an issue +Once the world goes blockchain, antiquated banking systems are over. +Bithumb, the world's fourth largest cryptocurrency exchange by volume, confirmed a security incident during which an unknown hacker was able to make off with an yet undetermined amount of funds. + +Clues that something was wrong emerged on Thursday, when South Korean users, who make most of Bithumb's userbase, started complaining on a local social network about losing control over large funds stored in their Bithumb accounts. + +A day later after these complaints, the company officially admitted the breach in a blog post on its website, albeit it did not provide any meaningful details. +Based on a blog post published on Monday, the exchange doesn't seem to know the exact amount of money the attacker took. Nonetheless, in a gracious move, the company is willing to provide compensations of up to 100,000 won ($897) per affected user until midnight July 5. + +"As soon as the amount of damages is confirmed, we will reimburse the entire amount of damages," said Bithumb in an official statement. + +According to user complaints, the hacker stole both Bitcoin and Ethereum from user accounts. Besides being the fourth largest cryptocurrency exchange by volume, Bithumb is also the Internet's second largest Ethereum trading platform by volume. + +Bithumb told South Korean media it contacted law enforcement last week and informed them of the theft. + +Two months ago, an unknown attacker hacked fellow South Korean Bitcoin exchange Yapizon and stole 3816.2028 Bitcoin (over $5.5 million). + +This is not the only Ethereum-related hack that took place this past week. Also last Thursday, an unknown attacker has gained control over the web domain of Classic Ether Wallet, a client-side wallet system for the Ethereum Classic (ETC) cryptocurrency. The hacker set up a fake website, and used it to phish user credentials and intercept and redirect ETC transactions. +You know I'm very very frustrated with how people in this sub treated me, at least half of it, even when it didn't make sense. + +When I reached the hotel and hours later it was clear I could stay in the lobby overnight, At that point I was safe. + +Yet for some reason many were either insulting me for being in the storm. Calling me a scammer or grifter, didn't read the post, or said my story had holes because they never asked for clarity so made up their own facts that contradicted explanations in the comments which many believed without checking themselves. + +Quite frankly some users are malicious. + +It is now the NEXT DAY many hours into the morning, almost noon in a few hrs., and people are still making up facts acting as if this thread was only made 2 hours ago saying there's no storm, that I'm scamming, or that there's some other issue. + +Except this issue was RESOLVED LAST NIGHT. + +YET many are still getting upvoted despite this not making any sense, or users ignoring this thread was made early evening yesterday. This tells me this isn't always the most welcoming sub. + +The mods also allowed users to break several of their rules doing nothing, and one posted so They were clearly looking at the comments + +Many of you should be ashamed. +G’day! + +Over the last six months I have seen a few posts with conflicting information on PHI. + +I work for a not-for-profit fund (mods, happy to provide proof of employment if needed) and would love to help clarify anything or answer any questions any of you may have regarding cover, premiums, MLS, LHC, excesses, rebate, co-payments, how funds work etc. + +I wanted to start out by explaining how private hospital cover works on a simplified level. + +The largest benefits of holding private hospital cover is the ability to opt out of any public system wait list and to choose your own specialist or surgeon. + +For example, the current wait time for a joint replacement in the public system is pushing up to 4 years at the moment. + +With hospital cover, coverage comes in two components. You’ve got the hospital fees; and then the specialist’s fees. + +For the hospital fees - if you’ve got an excess on your policy (most common for adults, most funds don’t have excesses for dependants) you will pay your excess amount directly to the agreement hospital for the first admission in a calendar or financial year or membership year, and the remainder of your hospital, accommodation, and theatre fees will be billed straight to your health insurer. + +For the specialist’s fees - PHI and Medicare cover up to the Medicare Benefits Scheduled fee (MBS) for any procedure with a Medicare item number within Australia. +This 5 digit item number has to match with your policy and a clinical category that is covered. E.g. 42702 is the most common item number for a cataract procedure (lens extraction and insertion of an intraocular lens - one eye). +Therefore, you will need to have ‘Cararacts’ covered on your policy for the fund to provide benefits for this procedure. + +If any specialist/surgeon/assistant surgeon/anaesthetist charges private fees that are over and above the MBS fee, this will mean that there will be an ‘out-of-pocket’ cost or a gap charge for their services. + +Not all specialists charge a gap fee, and you can enquire about whether they participate in a gap-lowering scheme, or you can seek a referral to another specialist that does not charge a gap or charges a lower gap. + +A specialist must legally provide informed financial consent (IFC) before a procedure and clearly list their out-of-pocket or gap charge for their services on their estimate of fees. + +I have seen a few comments from redditors saying that they want to cancel their hospital cover and put that money instead toward a savings to pay entirely out-of-pocket for a private procedure themselves. + +Please be really careful opting to do this, as many private specialists will decline you even if you have the cash, as the liability of you not being a privately insured patient may be too high. E.g. if something happens and all of a sudden you need to be admitted to the ICU or have complications that suddenly are in the cost of 100-200k, they want to know that you have the backing of a fund to pay it. +It’s also worth keeping in mind that the cost of a prostheses is anywhere between $0-$99k depending on the prostheses. + +And yes, our not-for-profit and member’s owned funds are always trying to fight the good fight to keep costs in the system in check, but that’s a whole other post! + +Please remember to contact your insurer regarding any policy suspensions or options that they may have for you to pause your premiums if you need to take a break. + +Anyway, feel free to ask me anything! + +Have a great Saturday + I’ve seen lots of posts here with questions about how to stay healthy, physically and mentally. I have a different question: How do you think about the \*importance\* of longevity, where that is defined as not only living longer but being sure the final years are spent healthy so that you can fully enjoy the years not working? + +Here’s why I think it’s an interesting question. For the sake of argument, suppose that everybody wants 30 years where they are healthy and can enjoy things without having to work. If one retires early at 40, then they can potentially get those 30 years without even trying very hard because normal life expectancy is greater than 70. But if one retires at normal retirement age (say 65), then they will have to be exceptionally diligent about their health to try to make it in a healthy way until 95. That’s just a simplified example to make the point that by retiring early, a Fatfirer gets to enjoy a bunch of life starting at a younger age without even worrying much about longevity. In the case, it seems longevity is less important (not unimportant, but just less so). + +On the other hand, a Fatfirer has much more wealth than the typical person so that they have the resources to enjoy life at a higher level for more years than a person with less wealth. An 85-year-old with high income or resources can undoubtedly live better and easier than an 85-year-old with less wealth. To me, this points to longevity being more important. + +So, how do you think about it? My thinking is driven partly by things that might be more fun in the short-term, but that even in moderation might shorten life expectancy or maybe increase risk of health complications. +MASS regulator suggests halting the stock for 30 days, White House looking etc. + +What are the implications if one of these bullshit moves is made by the gov? I know Powell already had a “no comment” along with press sec. but my feeling is these scum hedge funds have most of these folks bought and paid for to pressure regulation. + +I personally see this backfiring on them in a big way but how would this affect our GME tendies if this shit somehow happened? + +Edit: I bring this up because “authority” fucking with my hard earned money makes my blood BOIL. The silencing of free speech, the blatant manipulation and projection, the fake virtue signaling “we’re trying to save you from your own ruin” assuming we can’t handle risks WE TAKE with OUR money... + +I was LIVID earlier and I KNOW they will continue to try quite possibly anything they can to fuck holders +I'm 22 and was recently diagnosed with [fibronectin glomerulopathy](https://ghr.nlm.nih.gov/condition/fibronectin-glomerulopathy). It's extremely rare (only ~50 reported cases), so there's not much in the way of direct support. Essentially it means that my kidneys are failing at an unknown rate, it could be 5 years or it could be 60. Most likely I can expect somewhere around 15-20 years before complete kidney failure. Unfortunately kidney transplants don't cure the issue, as my body will just start fucking those up too. + +Obviously not the news you want to hear when you're 22 and about to start your first job as a software developer. The rest of the post may be a bit ramble-y, but I have some questions that hopefully some here can address: + +1) Despite having a diagnosis I don't have a clear grasp on my life expectancy. It's not yet clear how severely my kidneys are being damaged (I currently still have full kidney function as marked by my GFR, although I have some symptoms of kidney dysfunction which eventually led to the diagnosis). I could stable out or I could need a transplant every 5 years to stay alive. How should I plan with this in mind? + +2) Since I can pretty safely assume that by 65 I would have had multiple transplants and my QoL would be decently hampered, it seems like tax-deferred accounts that I cannot withdraw from until retirement age should not be the largest of my accounts. What should I do instead? + +3) Even if I save enough to FIRE, I live in the US. With healthcare as it is, am I trapped into working for insurance until I can no longer work? This one might be my biggest question. + +4) I'm still on my parents' health insurance, and I can stay on it until I am 24 (EDIT: One poster corrected me that this is until 26, not 24). Does it make sense to switch ASAP to my employer's health plan so that I can lock in insurance in case the pre-existing condition protection goes away? Or should I wait until I'm 24? + +5) This is a dominant trait, so it means no kids. Even if I were to adopt, I'm not sure it would be fair to put kids through that. This isn't a FIRE point but I just have to get it off my chest. I've always wanted to be a father someday. + +Overall I'm just very lost. FIRE has been something I've wanted to do since I discovered it at 18, the plan was always to graduate college into a good job and save 50+%. Now it just seems like even if I FI, I can never ER. + +Thanks to anyone who can offer some insight. +BinanceDOTus is going 3 months or longer without replying to support requests that aren’t user error. + +DOTcom deleted all of their old support tickets and moved them to a que system, which was offering wait times of 48 hours and disconnecting chat if you didn’t reply in 15 seconds. + +I used the Smart Chain to experience DeFi for pennies, as I think it is the best on boarding experience for people trying it out with small amounts ($20), but I couldn’t even buy the coin through their services because I’m locked out for no reason. + +I know many in this space are just into crypto as profit widgets essentially, but the fact a project so directly against the main premises of crypto as a whole is the one shining is proof to me the profit-only seeking mainstream is hopping on board +Been here since January 2021 and have averaged up, down, up, down, etc. My average cost basis is around \~$185, and I have DRS'd a couple thousand shares. Was feeling a bit hopeless the last time GME was sub $100, not because I was worried about my investment, but because I didn't have the means to buy a fukton more. This time, I'm ready. + +I took out a $50,000 (max) at 4.19% with 5 years of monthly payments. The beauty of this loan is that I am paying myself the interest. The full monthly payment (principal and interest) goes back into my retirement balance. Fidelity manages my employer's retirement plan (401a) and they charge a small quarterly fee to manage the loan. The whole process took about 5 business days, i.e., the $50,000 was in my bank a week after the first call. + +I've never borrowed against my retirement, so this was new to me. Thought I would pass along the info. I will be buying more soon. NFA + +&#x200B; + +Edit 1: DM from another ape: + +https://preview.redd.it/llgmxhlc8hy81.jpg?width=605&format=pjpg&auto=webp&s=1b847ee9b66f0a6a4519422d8bd04358e318e603 + +&#x200B; + +&#x200B; +**EDIT: This is compensation for an In-House, single-person manager. No leasing agents, no management company. The manager does not pay for maintenance or the staff, only supervises them and assigns works orders.** + +I’m thinking 4.5% of the monthly rent roll on the 1st of the month (vacancies would reduce this) is beneficial for both parties for the following duties: + +1) Handling all leasing, lease renewals, and maintaining occupancy. +2) Building and maintaining the company database for Leases, Documents, Deeds, Sect 8 Paperwork, Rents Received, Online Tenant Portal, Leasing Portal, Rent Rolls/Reports +3) Handling all tenant relations and resolving all tenant disputes and concerns. +4) Hiring and supervising a maintenance team, scheduling work orders and capital improvements. (Maintenance personnel salaries & materials would be paid separately) + +The owner would only do the expense accounting and would otherwise have no involvement in the property. + +Is 4.5% a fair compensation with no benefits and 24/7 availability? Too high? Too little? + +This is for a scope of 350 units spanning 10 properties in Class A, B, C, and D neighborhoods all within 15 minutes drive. +I wrote this in my journal today while doing a weekly recap. I had a mini-breakthrough this week and it felt great. + +The truth is, if I take the same setup with the same conditions, there are times when it would work, and there times where it would not work. But then I realized wait, even if I keep adding more variables to try and limit those times it wouldn't work, it would start adversely affecting the winners by basically filtering them out. + +So this week I cut that all out. I just simplified my rules, cut down to just a single setup, and took the trade no matter what my feelings were. And you know what? It was way easier, way less stressful and admittedly more enjoyable! + +That led to the statement above that just came out of the blue while journaling and I felt I had to share. :) +I have 2 kids age 7 and 11. I started contributing to 529 plan few years ago. Few details + +- 529 accounts currently have about $100k each. +- We would like to pay for 100% of their education. +- We don’t want a lot of left over in the plan beyond their education needs. + +How do I figure out when to stop contributing to the plan? +Hi all. + +I'm 28, and make about $35k a year on average. I'm wondering if I am "on track" so to say. + +I have + +Roth IRA ~ 13k. (Contribute $200/mo) +Trad IRA ~ 3k. (Contribute $100/mo) +401k ~ 4k (employer match at 3%, forced contribution of 5%) + +I do have an emergency savings of about ~ $6k and am saving for down-payment for a home which is also ~ $6k +https://coinmarketcap.com/assets/tether/ + +For those who don't know this,Tether aka USDT is what is known as a stablecoin. It is designed to be pegged to the value of the fiat currency (e.g. U.S. dollar) that the user wants to use so that the crypto user can move their highly volatile cryptocurrency into something more stable. There are various reasons someone might want to use Tether, and one is that they want to be on the sidelines during a drop in the value of their crypto so they can buy back in later for a higher price. + +The market cap of Tether is *directly proportional to the amount of Tether in existence*. Every time someone buys into Tether a new stablecoin is created and backed by the Tether reserve fund with real fiat. On the converse, every time someone sells Tether, those stabecoins are *destroyed*. + +So, right now Tether's market cap is by far higher than it has ever been. There are nearly 300,000,000 USDT in existence. This market cap is different than your traditional speculative market cap for e.g. Golem where the market cap is just a multiplier of the current speculated value and the total tokens in circulation. In Tether, the market cap is an actual value of fiat, in this case almost $300,000,000 *actual dollars* are in Tether right now. + +So what does this mean? Well, it means a lot of money is waiting on the sidelines to buy back in. People would not have gone from say ETH to USDT to USD - they could have gone straight from ETH to USD. These people who own tether specifically did not want to cash out of crypto (and potentially incur taxes, etc). It is apparent they're positioning themselves to buy back in when the "bottom" is reached. + +My opinion: I think we can use USDT as a leading indicator of the market's sentiment. If the market cap of Tether continues to climb then collectively the market is sitting on the sidelines more. If the market cap starts to drop then people are starting to buy back in. This is not a perfect indicator because as more people enter crypto the market cap of Tether could climb despite overall market sentiment improvement. But, right now, as the overall market cap of crypto is still dropping, and Tether is rising, I think it's something to keep an eye on. USDT market cap has _never dropped_. If it actually drops? I'm going to see that as a very bullish signal. + +Note: this is not investment advice, and it could be 100% and totally, utterly wrong. Just some observations. +I've been really happy with them. Nobody bothers me and it's simple. 3 fund portfolio. Is there any reason to switch? Besides a PAL what do I stand to gain? I already have a couple accounts at Schwab for checking and some old company stock. +Lately I've been on a crusade against EOS, as for some reason it's actually gaining value. Sadly a lot of people who invest in crypto are sheep who hardly do any research at all. My thesis is that It takes only a few shilling post read on Reddit to trigger a buy (I have done the same, which luckily worked out). Lately I've been reading a lot of shilling towards EOS. How? Do people know who are behind the company of EOS? Do people know what kind of background they have? And if you know, how can you ever endorse such a company? + +I'm of course talking about Brock Pierce. This man should be given the worst possible punishment you can imagine giving to a human being in my eyes. But you don't have to believe me, read his Wikipedia, it's directly also the reason why NOT to invest in EOS and a big reason why to BOYCOT EOS: + +https://en.m.wikipedia.org/wiki/Brock_Pierce + +For those lazy, I'm talking about this: +> Pierce retired from acting at 17 and joined as a minor partner with Marc Collins-Rector and Chad Schackley in establishing Digital Entertainment Network (DEN), which succeeded in raising $88 million in venture capital.[2] He produced its first show, a pilot for gay teenagers called Chad's World.[3] Pierce began enjoying a lavish lifestyle in Los Angeles riding the Dot-com bubble. As an 18 year old, Pierce was making $250,000 a year and held 1% of the company's shares.[4]Within three years, DEN, never having made a profit and having exhausted its venture capital, collapsed and Pierce fled the U.S. with his two co-founders when a number of former underage DEN employees made sexual misconduct allegations against them.[5][6] The three were arrested by Spanish police before being returned to the US. Though Pierce was not ultimately charged, his partner Collins-Rector was convicted on multiple counts of child enticement involving boys. + +Now let's look at this once again: + +> Within three years, DEN, never having made a profit and having exhausted its venture capital + +And of course this: + +> and Pierce fled the U.S. with his two co-founders when a number of former underage DEN employees made sexual misconduct allegations against them + +Now from this point, I would advice you to watch the documentary 'An open secret'. This pretty much tells the story of 'DEN'. In the end one of the child actors took his own life. + +But wait! We aren't done yet! At least not with mr. Pierce. The wiki goes on: + +> In 2013, Pierce joined brothers Bart and Bradford Stephens in founding venture capital firm Blockchain Capital (BCC) which was reported to have raised $85 million in two venture funds by October 2017.[8] Described as its managing partner, Pierce announced a $50 million Initial Coin Offering (ICO) by BCC in February 2017.[9] On its launch in June 2017, the currency was named EOS and marketed through a new vehicle called Block.one + +And guess what? He actually managed to raise 50 million dollars, and EOS is now worth over a billion dollars. Not only that, they just dumped 130k ethereum a few days ago, so we KNOW they liquidated their cash, an exit scam seems so much like the logical next step. But even if EOS was legit, who in their right mind wants to support a person like Brock Pierce? + +That's why I propose we all as a community, stand strong and BOYCOT this coin. You can NOT justify investing in this coin with the knowledge I just shared. And yes I know, Mr Pierce isn't the posterboy of EOS anymore, he brought too much negative publicity after the last week show bit of James Oliver. But somehow people STILL are investing in it, so once I again, this topic has to be brought up. If a coin, that was created by a KNOWN scammer AND child molester reaches the top 10 of a certain market, what does that say about the market? It's time to dump that shit, let it burn away so we don't ever have to speak about it again. + +EDIT: + +Here is the link to the documentary 'an open secret': + +https://vimeo.com/142444429 + +I know those blinded by greed and already invested in EOS will probably not even watch this (important) documentary, but those who are still in doubt, go watch it. +I am wondering why ETH - which has the Ethereum Alliance growing all the time, a new ETF launched, and successful forks and upgrades taking place - is not only not increasing in value, but currently is dropping. Anyone got an explanation? +I would just like to know what's going on from someone in the knowledge here. Do we have any clear answers when upgrades will come? + +FFG Casper Hybrid I thought was next later this year, now I am watching CNBC with conflicting info. + +Many of us have been waiting for a very long time for these scaling upgrades. This concerns me but exciting at the same time if they get released in a timely manner. 1-2 or more years is unacceptable. I hope we are not heading down that road. Better to launch in stages the upgrades. + +Thank You. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am wondering why ETH - which has the Ethereum Alliance growing all the time, a new ETF launched, and successful forks and upgrades taking place - is not only not increasing in value, but currently is dropping. Anyone got an explanation? +Good Morning Apes! + +Another day of downside looks like it may be in the cards as the continue to internalize buy volume. While volatility is continue to pick with very little buy pressure coming through to the lit exchange we are still experiencing declining price action. + +There is a small gap from March down between 116-118, I'm not a big fan of gap fills but I would look to that range to possibly find some support. We have not historically spent much time trading at these prices and so have very little data to show support and resistance. + +As of last night call volume was continuing to pick up and based on this from u/Turdfurg23 someone bought a 735k share block the morning of the 7th. + +https://preview.redd.it/frrck5tjsnb81.png?width=1202&format=png&auto=webp&s=6a744543b915b88dad178de3159c0acb595ecb89 + +This is the largest GME block order in a very long time, and shows long institutional interest coming in. I think institutions buying this dip is bullish especially when factoring in the large call positions being opened. + +There is also some speculation that this could be GME using some of the funds they have from their original share buyback agreement since the values are closely aligned. But without a statement from the company which wouldn't be due till the Q4 10Q it remains speculative. + +[ ](https://preview.redd.it/a00pi29vsnb81.png?width=1144&format=png&auto=webp&s=0886a2b9559780be6c8af3ae57cf072377f920b4) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Clawed our way back up to 116 at close and AH is looking a little spicy right now massive money being tossed around by the bears and bulls on todays options chain with $9m in puts that appear bought and $3m in Deep ITM calls bought If the numbers were more lined up I would say it was married put/call positions but the OI just indicates a struggle between different positions. Thank you guys for tuning in, amazing job sticking out the week. Remember the price is fake and they cannot do this shit forever. See you next week and for you Euro-apes remember market is closed Monday. + +\- Gherkinit + +https://preview.redd.it/uzsfp0ulxpb81.png?width=692&format=png&auto=webp&s=48667b46551c405e05abb7958987fa106310b5fb + +Edit 4 1:38 + +Stabilized after the market slipped. GME now cheap as fuck. + +https://preview.redd.it/1k0ul7897pb81.png?width=1567&format=png&auto=webp&s=5da00d7b18f34bf25c5cf4a9049ceb8a307aff51 + +Edit 3 12:22 + +IBKR rate now at 1.0% they are starting to hit the SEC lending pool. Just another indicator that pressure is mounting. Found a channel on the one minute sideways below VWAP for now. + +https://preview.redd.it/lu9urbwrtob81.png?width=1575&format=png&auto=webp&s=3e2c09a35464a616cd44ef304217b8f2b9f8f593 + +Edit 2 11:09 + +Failed to sustain the break of 120 but a massive chunk of ITM Feb 18 puts rolled in it's hard to tell if these are bullish or bearish. Based on price action after the order I guess bearish. + +https://preview.redd.it/wgsi1spogob81.png?width=439&format=png&auto=webp&s=240857e0d312aff165d5ba2c777fcc1d152ffde3 + +https://preview.redd.it/v9fns1m0hob81.png?width=1577&format=png&auto=webp&s=3e70b84da6914e84cb93de9d60800c9cae151e35 + +Edit 1 10:10 + +Just opening the day with some consolidation looks like that gap at 116 was a good call. Also anyone questioning their ability to sustain the short position forever it looks like it's beginning to cost a lot more money to suppress the price. Remember the SEC statement about the missive number of puts last January... + +https://preview.redd.it/f7ehmax86ob81.png?width=829&format=png&auto=webp&s=efb9cccef9bd6e3272567eb0102c1b65ecb3d826 + +https://preview.redd.it/bg8o1xjg6ob81.png?width=1572&format=png&auto=webp&s=a56b94977d0e177980bfdec248624367de4e244f + +# Pre-Market Analysis + +Down a couple more dollars and trading at 119 currently, with BBBY running yesterday time is running out on the whole basket, but they will probably try to delay running GameStop till the last possible moment. + +Volume: 34.45k + +Max Pain: 130 + +Shares to Borrow: + +IBKR - 35,000 @ 0.8% + +Fidelity - This seems significant Fidelity borrow rate is up for the first time in a long time + +https://preview.redd.it/7mqo9jrlunb81.png?width=537&format=png&auto=webp&s=50a33dffde5cb9380d79daa79faa507b507e717b + +[GME pre-market 1m](https://preview.redd.it/iqueguilvnb81.png?width=1564&format=png&auto=webp&s=86c02a5dae28a8d1fd092ee1cd7e39010da2e5eb) + +CV\_VWAP + +https://preview.redd.it/kxw22x98wnb81.png?width=2443&format=png&auto=webp&s=899e17070abd2bdb5dbfe404b8d87a0735b49d4a + +TTM Squeeze + +[volatility is picking up as this continues to fire](https://preview.redd.it/3337xtmbwnb81.png?width=2445&format=png&auto=webp&s=6218141664b7e07a8a4710d507625e4f612317fa) + +MM FTDs + +&#x200B; + +[Net short and fairly high volume](https://preview.redd.it/sk8ctqugwnb81.png?width=390&format=png&auto=webp&s=7bbddb4b8c5f4c83110032f76424e96a23858ae8) + +DIX + +https://preview.redd.it/8cn8nxawwnb81.png?width=2537&format=png&auto=webp&s=0593b94983c97e36ab6c3c54cd304224ae2ff21d + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Apologies if this has been asked before. I am looking into recognising patterns in the chart data. What books/algos like DTW or others do people recommend? +I have been a popcorn/GME holder since January. I had believed they were both good plays…. Until this past week. + +Popcorn has what looks to be an amazing technical setup for a huge run, but there has been this weird infighting in the popcorn subs. Suddenly everyone is(more than usual) sucking the proverbial dicks of the youtubers. It’s giving a strange feeling that a rug pull could happen just when it looks primed to launch. + +The funny thing is this sub described this scenario months ago. I was blind but now I see. The tendie man hath touched my soul. Therefore I will be closing my popcorn position for more GME shares and LEAPS. It’s moon time boys. LFG! + +Edit: I was just reminded that I get occasional free popcorn as a popcorn stock holder. Would y’all hold it against me if I kept one share 😅 + +(Rockets for extra blast off power) +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Aside from my daily routine of shitposting, deleting my own comments and posts, and generally causing a ruckus on reddit, I wanted to share a quick observation with you guys. + +To the X, XX, and XXX shareholders. There's a lot of professional white collar people seeing your posts and absolutely rooting for you guys. You read the thesis, all the DD, you got pissed off, and you understand that there's an opportunity to capitalize on. And you bought in. Many of you with whatever spare money you could find over the last couple months and pick up some shares. + +I do not say the following to brag, because everybody in this game is poor relative to the market makers. + +You know those retail ownership numbers you've seen lately? The ones that err on the side of being really conservative? Yep, they're probably pretty conservative. There's networks of alumni groups, professionals, and middle aged stuck-at-home-for-the-last year people who were absolutely flush with large amounts of cash they didn't have an opportunity to spend. And they all talk to each other. + +If I were to perhaps know some of those types of people, I could possibly infer that many of them are reading the DD, picking it apart, doing their own research on the side, and coming to their own conclusions. Some of those people, I might even assume, are people that have to do that stuff day in and day out for their six figure salaries. Honestly, it wouldn't surprise me at all if some of them saw this lovely asymmetrical bet and put 50, 100, or even 200 grand into it. + +Apes, of course, are always stronger together. That's the apes that scrape the bottom of their discretionary income to pick up a couple shares for legitimate opportunity to improve their lives, and it's the apes already owning "lambos" that have wrung this thing through the numbers so many times that it would be stupid not to sextuple their net worth. + +I would imagine that those XXXX or XXXXX apes want to see the X and XX apes really get the future they deserve. I would think that this is just about the right time for all of the monkeys to hold onto a stock they love and maybe brush their paws through the rings of saturn on the way out of the solar system. + +Have a lovely evening, all of you. +I'm sitting here this morning thinking about how free I feel right now in deciding my future, and I know it is all thanks to FI. I'm only halfway to my goal number, but I know that if I really wanted to, I could feasibly support my lifestyle on my savings alone for over 10 years. I'm still aiming for a lifetime, but realizing that I don't need to fear the short-term has helped me make some big changes in my life recently. + +I decided last week to quit my comfy yet unfulfilling job for something more challenging with significantly more pay. Many of my coworkers were surprised I would take a "risk" like that. "What if you don't like it?", they said. I told them, "if I don't like it, I will just quit." Realizing that I can actually do that and not stress about having to have a replacement job right away makes me feel amazing. Makes me think about all the things I can possibly do without being scared that it will be the end of me financially. + +I'm only "semi" FI yet I can start to feel the residual benefits, and I'm 100% hooked because of it. + +Thanks FI, and this sub for keeping me going. +My partner (27M) and I (28F) have talked about having children every so often, and yesterday he broke down when I said we may not be able to have a kid given I'll be the only one providing the income. +He'll be starting his PhD late this year, and he won't be well funded for at least 4 years. Given his response though, I'm willing to reconsider my thoughts on this. + +Is it financially/mentally viable to have a child given I'll have to bear a child and also provide the income for it? + + Im only willing to have one in the next 5 years (before I hit 33), and unfortunately that's the whole span of his PhD. I suspect having a child will take me out of work for at least a year as well. I'm not sure how much pressure this would put on my partner's PhD (and to be frank, myself - the whole scenario kinda scares me) but I'd love to get perspectives on parent's struggles on here and whether it was worth doing from others on one income. Thanks! +Read an interesting article today [here](http://www.npr.org/blogs/thetwo-way/2015/04/03/397092679/if-a-caller-says-i-am-with-the-irs-hes-not?utm_source=facebook.com&utm_medium=social&utm_campaign=npr&utm_term=nprnews&utm_content=20150403). + +~~Basically, the IRS's initial method of contact is by letter.~~ They'll never call you threatening to throw you in jail or ask you to pay a certain amount immediately. Though, reports of calls like this are on the rise. While I doubt it's a problem for most savvy individuals in /r/personalfinance, please share this with some less financial-savvy individuals you may know (parents, grandparents, siblings, friends, etc.) so as to hopefully avoid them to falling prey to these scammers. + +------------------------------- + +**Edit:** I removed a section above as a few people have heatedly claimed to have received calls from the actual IRS. Also, I want to make it clear that I'm in no way claiming that the IRS will never use a call as a method of contacting you. + +From what I could find on the [IRS website](http://www.irs.gov/uac/Tax-Scams-Consumer-Alerts): +>Note that the IRS will never: 1) call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill; 2) demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe; 3) require you to use a specific payment method for your taxes, such as a prepaid debit card; 4) ask for credit or debit card numbers over the phone; or 5) threaten to bring in local police or other law-enforcement groups to have you arrested for not paying. + +However, according to the article linked to above, the current IRS Commissioner John Koskinen was stated as saying the following: + +>"If you are surprised to be hearing from us, you are not hearing from us," Koskinen said. "Our way of contacting you is by letter." + +Also, [at least one comment](http://www.reddit.com/r/personalfinance/comments/31dojg/psa_if_someones_calling_you_from_the_irs_theyre/cq0o438) by a popular contributor here in the sub who actually works for the IRS corroborates this stated policy. + +**Ultimate point being: be cautious and question unsolicited calls asking you for your personal financial information over the phone, be it supposedly the IRS (real or fake) or anyone else. Share this info with people who could be susceptible to this type of scam, so as to avoid them getting scammed.** +CEO's have an obligation and responsibility to be truthful in their reporting. + +If I'm not mistaken, in the most recent annual report, CEO John Stankey said the AT&T dividend is safe. + +It was reported that the spinoff of Warner has been in "secret" negotiations for months. So secret, that the CEO of Warner Media, Jason Kilar, was not informed and had no idea about it. + +Many stockholders are retired and rely on the consistent dividends that AT&T provided, as a dividend aristocrat. The stock showed very little capital appreciation, and the dividend growth barely kept up with inflation. + +Stankey is saying they're planning to cut the dividend by 40%. Obviously, the market isn't liking that, based on the huge sell off. + +Did Stankey break the law by lying to the shareholders when he stated that the dividend was safe? + +EDIT: + +Sarbanes-Oxley Act Section 302 + +This section is of course listed under Title III of the act, and pertains to 'Corporate Responsibility for Financial Reports'. + +Summary of Section 302 + +Periodic statutory financial reports are to include certifications that: + +• The signing officers have reviewed the report + +**• The report does not contain any material untrue statements or material omission or be considered misleading** + +• The financial statements and related information fairly present the financial condition and the results in all material respects +Im gonna skip alot in this story and just stay with as much relevant info that is needed. + +2 weeks ago i had to take a leave from my job as a sales associate because of overwhelming depression and stress from events happening at home but me being home for those two weeks to work on bettering myself only made things at home worse. Now I am currently in a hotel until tomorrow morning then all i have is my car my self and some clothes books and an old ps3. I left quite a few things behind because i was rushing, was terrified and heartbroken as i was packing to get away. + +I have family on the opposite side of the US from me that say I can live with them for a *short time* bc of my situation. The thing is this is the same family that kicked me out because i told them i needed to quit a job in order to better my grades in college. Also I am currently employed here and I dont know if I will be able to get a job anywhere else bc police were involved a ton in the incidents that put me in this position. Idk what to do. How should I go about getting myself shelter, food, a job (or keeping my current one) and keeping a good hygiene? Any advice can help I am currently in DC. + + +Edit: trying to reply to everyone but things are happening so its hard to keep up, i am reading every single comment, just cant reply to them all now. i appreciate every comment, prayer, and all the support thank you all +http://i.imgur.com/W8gr4fF.png - 2017 growth of 18 coins from over 2x to over 310x returns + +The crypto market is currently $156 Billion dollars and growing with $4.9 Billion dollars of trade in the last 24 hours. BTC makes up less than %50 of that volume. This time last year the total crypto market was only $11.5 Billion. + +Seeing these types of charts or the "What if you invested $100 in Bitcoin in 2010" type articles sometimes gives the impression that these outcomes were one time flukes that won't happen again but even now similar growth in new & old coins is still happening. + +OmiseGo OMG - 1424.53% since it started trading last month July 14 +Binance BNB - 2156.89% since trading on July 25 +Neo - older coin 3668.22% since June 1 + +The chart & above are non ICO prices from coinmarketcap.com +If going by ICO prices from https://icostats.com/roi-since-ico the highest all time return has been NXT at 718,805% in 2013. +Stratis from June last year has had 83,304% +QTUM from March this year has had 3940% +OMG's return on the ICO price is 3163% + +$100 in Pivx at the beginning of the year would now be worth over $26,000 - even more if they were staked or put in a masternode. $100 in Binance a month ago would now be over $2,100 + +Not interested in what some random redditor says? Here's some links to recent articles from mainstream business sites regarding financial professionals movement into crypto: + +https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#65c89b23416a + +https://www.bloomberg.com/news/articles/2017-08-17/ex-harvard-money-manager-is-said-to-launch-digital-currency-fund + +http://www.businessinsider.com/mark-cuban-backs-new-cryptocurrency-fund-2017-8 + +https://www.reuters.com/article/us-fidelity-investments-bitcoin-idUSKBN1AP0AO + +54% Americans have money invested in the market vs 65% before the Great Recession. 89% of those who make $100K/year own stocks. Richest 20% of Americans owned 92% of all stocks in 2013. + +This article concludes that the persistent risk aversion and skepticism generated by the Great Recession has dampened the type of euphoria preceding prior bubbles in the market. The article insinuates that because of these skeptics, this is a different market today with less risk of a calamitous bursting of a bubble. Agree or disagree? + +http://money.cnn.com/2017/08/08/investing/stock-ownership-dow-record-trump/index.html +For the first time yesterday, my net worth crossed the $1m threshold. I thought I'd offer my perspective on some things I learned along the way. + +1. I graduated college in May of 2008 just before the Great Recession. I was very lucky to find my first full time job within 3 months before things started to fall apart. +2. I started with negative net worth due to $50k in student loans. My parents generously agreed to split the balance with me. I lived at home for two years and saved the $25k to pay them off completely. I could have probably made more money investing in the market and paying the minimum on the loans, but having no debt removed a layer of stress from my life and gave me confidence to take risks in my career. +3. My starting salary was $31k at 22. Every 2-3 years I received a promotion of \~20%. After 10 years, my salary was $90k. I always aimed to saved 30-40% of my gross income, which was difficult in the beginning. This didn't leave much room for spending money, but putting as much as I could into equities early on really helped in propelling my net worth in later years. +4. After 10 years, I switched cities and got a big promotion to $160k. While I can save more on this salary, I've only been making it for a few years, so it hasn't contributed as much to my net worth as what I invested in the first 10 years. +5. I received a $50k inheritance a few years ago, but aside from that all of the savings has come from my salary. +6. On the topic of budgeting, I take a different approach than most. I first determine how much I need to save to meet my goals. That then determines how much I can spend in other areas of my life like housing. It is a mistake in my opinion to simply add up what you spend already and save what is leftover. You need to be proactive about it and focus on changing the largest spending categories if you aren't meeting your goals. My budget breaks down as: + 1. 40% savings, 25% rent/utilities, 20% taxes, 7% restaurants/shopping/vacations, 4% insurance (medical/dental/disability/renters), 4% groceries. +7. I currently rent in a HCOL city and do not own an apartment/house. I considered early on focusing on saving for a down payment. One of the biggest mistakes I think young people can make is building up a large cash position early in your career. Be flexible, and invest early in high growth assets to let compounding do its work. If I had wanted to buy a house and the market crashed, I would have simply waited longer and saved more. +8. On the topic of investments, the most important thing to focus on early on is your savings rate. Increasing this (whether through earning more or spending less or both) will play a far larger role in improving your net worth than tweaking your investment holdings. Pick as big a savings target as you can until it hurts, and then back off a little so you have some room for fun. +9. Embrace the fact that you can't predict the future or time the market. This helped me ignore a lot of "financial news." If you keep track of what you think will be a sure thing, you will be surprised how often precisely the opposite seems to happen. +10. From early on, I always invested in broad market index funds to capture the market returns and keep expenses low. I am currently 50% US and 50% international (with 0% bonds). I mostly use Fidelity's zero expense ratio funds, so the drag on my portfolio returns is practically nothing. +11. Do a lot of work in the beginning to pick a strategy that fits your risk tolerance. Once you have decided your asset allocation, implement it immediately and stick with it. Whenever I would tweak things early on, it would usually result in me having less money. Learn to leave things alone and don't look at your portfolio too often. +12. As much as we like to plan ahead, it's too difficult to see far into the future as there are too many unknowns. I am aiming to retire in my late 40s or early 50s. My plan is save as much as I can and evaluate where I am every few years based on what the market has returned. Focus on what you can control, and don't spend too much time worrying about what's out of your hands. + +Edit to answer some questions: +1. I got married recently, but have only been a one income household. We have no kids yet. +2. The rough breakdown is $19k cash, $247k Roth IRA (was able to utilize mega-backdoor for a few years), $209k taxable, $361k trad IRA (prev 401k rollover), $148k 401k, $16k HSA. +3. I will try to see if I can reconstruct my net worth over time. I consolidated brokerages a few years ago and lost a lot of the early data. Needless to say, I started investing around the bottom of the Great Recession, and the fairly steady bull market that followed has definitely helped. +4. I was an avid reader of Bogleheads for many years. I don’t visit it as much anymore, since I’m confident in my plan and am pretty much on auto-pilot. I try to focus my energy on other hobbies now :). +5. I always maxed out my Roth IRA every year. I started maxing out my 401k around the $55k salary level. You don’t see as much of a reduction in your paycheck since it comes out pre-tax. I essentially kept living like I was making $38k. Taxable investing wasn’t done until after I was able to max both the 401k and Roth. It started slowly, and I gradually increased the amount I put in each month over time. +# Summary + +Comments' karma is worth 2x more than posts' karma. There are limits to how many posts you can publish but there aren't any limits regarding comments. This is why r/cryptocurrency was constantly #2 top sub(!) in terms of comments per day in August (see the image below). People farm Moons by writing more than a hundred of comments **every day** (some reach the extremes of writing more than 500 comments in one day). This proposal suggests **gradually** lowering karma after reaching certain numbers of comments (see the table below for exact numbers). This proposal’s goal is to make it harder for Moon farmers while not affecting average users and thus making it more fair for everyone. + +[ r\/cryptocurrency was ranked #102-106 in August in terms of subscribers but it was constantly in top 2 when it comes to comments per day. Last round 43k people contributed to the sub \(=earned at least 1 karma\). 79 000 \/ 43 000 = 1.83 comments\/day for an average user.](https://preview.redd.it/e2a5q8pnqvk71.png?width=336&format=png&auto=webp&s=0baedae0a1cebe34bf5f468d3dc27c58b69dce48) + +# Current problem + +\- People farm Moons by writing hundreds of comments daily. Those comments are very often low effort + +\- Even posts with very positive feedback get more comments than upvotes + +\- People comment on titles of threads without reading the content. This is because being one of the first to comment increases the chances of getting upvotes + +\- Unfair distribution of karma: people who write thousands of comments are rewarded more than people who create insightful posts and they also lower the Moon distribution ratio for others + +Currently, the best way to achieve maximum karma (15 000 points) is to write comments. All 16 crypto redditors who reached the maximum karma in round 16 did it exactly this way – all of them (but one) wrote more than 1 000 comments. Some of them A LOT more than 1 000. And this round won’t be different: + +[ Stats from August 2 to August 9. Courtesy of u\/good-as-hellx](https://preview.redd.it/fmo5fr647xk71.png?width=650&format=png&auto=webp&s=464b9311e02af309bbc49e2c14cd5a041b349d7e) + +Currently, just **1%** of users is responsible for as much as **47.8%** of daily contributions. **1% of users are taking a lion's share of Moons distribution and they do it by writing thousands of comments.** + +(source: [https://docs.google.com/spreadsheets/d/1prxNn4nkagMj\_MCo2vcyeQddhoNh0hNe6p9B-qv1D9I/edit#gid=648507305](https://docs.google.com/spreadsheets/d/1prxNn4nkagMj_MCo2vcyeQddhoNh0hNe6p9B-qv1D9I/edit#gid=648507305) courtesy of u/CryptoMaximalist) + +# Solution + +The number of posts you can publish is limited. But I’m against limiting the number of comments you can publish. What I propose instead **is gradually lowering the karma received for comments**: after every 280 comments posted during a Moon Round you'd get less karma. Round lasts 4 weeks/28 days. + +|**Number of comments/month**|**Karma received**| +|:-|:-| +|1-280|100%| +|281-560|95%| +|561-840|85%| +|841-1120|70%| +|1121- ∞|50%| + +You can write 70 comments **every** week and you won't be affected by this change at all. You can write as many as 140 comments **every** week and you'll lose only 5% of karma. You have to write more than 40 comments a day to lose 50% karma. + +# Expected results + +Less spam. Quality over quantity. People try to comment when they really feel they have something interesting/funny to say - else their pool of comments worth 100% karma shrinks. + +Also, distribution of Moons is more fair for people who post insightful/educational content (or posts in general) as spammers don’t take the lion’s share of karma anymore. + +# Concerns + +***But people will simply create new accounts and bypass it*** + +Some might do that while others might decide it’s not worth it. Some users write more than 5 000 comments per round. So, in their case it means that they would have to create 17 additional accounts if they wanted to continue receiving 100% karma for all their comments. It's not only a lot of extra work but they also risk getting a ban. + +If we cannot fully stop them, let’s at least make it much harder for them. + +***There are people who are very active and they aren't moon farmers/spammers*** + +If they aren't Moon farmers and they are so active it means they love this sub. And if they love it I think they won't mind losing a little bit of karma in order for the sub to regain some quality. + +***This change will kill any interaction between users*** + +No, it won't. You'll still be able to comment as much as you want and statistics show that only 1-2% of users would be really affected by this change. I'd even argue that it is actually the current "spamming spree" that is killing interaction: posts get flooded by dozens of low-effort comments in mere minutes and there are more and more bots trying to game the system. + +[View Poll](https://www.reddit.com/poll/pfsgwd) +I don't understand this at all. + +I'm a higher-rate taxpayer. If I contribute £250 per month for the next 38 years with 5% growth, I'll only get £7k from my SIPP annually? + +Here's an image of the calculation: [https://imgur.com/a/u2ujCN4](https://imgur.com/a/u2ujCN4) + +Edit: What the hell is the point of downvoting someone asking for guidance on a subreddit dedicated to providing guidance? +The more I research the crypto space, and the more I have invested over the months (both time and money), I am concerned that this all seems to currently be a house of cards, very similar to the first dot-com boom. I am surely not the first to recognize this, and I am not proclaiming to have some amazing knowledge or insight that hasn't been discussed here already - just sharing my thoughts on the current market. I was around for the first dot-com bubble, invested in it, made some money and lost some money. I wonder if many of the cryptos I have bought are the future Webvans, Aribas, and VerticalNet's. + +Overall, and following the golden rule of not investing more than you are willing to lose, I have less than 1.5% of my assets in crypto. Most is in BTC and ETH, but I have dabbled in some altcoins and other assets, including a few recent ICOs. I am realizing that Eth, at this stage, really has no real world utility outside of helping fund and launch ICOs. ICOs generally have no real world utility, as most are just a white paper. The tokens themselves have no real world utility since there are no working products. Perhaps I am missing some, but I am not aware of any tokens that are actually deriving their value from their intended use vs. just market speculation. There might be a handful that are getting some value from the actual token usage by users, but even there, it seems to be a trivial amount compared to the speculative value. + +So, I am planning to hold what I have given that I am still up even with today's downturn, but will slow on additional investing. I will concentrate any future purchases into a handful of assets that have/are close to having real world utility: + +* BTC, despite its current issues, given its traction as an actual real-world currency +* ETH, partly for FOMO, but partly on the belief that it will realize its potential if some of the current dapps, and more likely future dapps not driven by the current ICO craze, are of real-world business value +* FCT, solves a real-world business problem, has a live product, and perhaps is deriving at least some of its value from actual usage, not just speculation +* SNGLS, one of the few tokens that seems to be VERY close to having a live product that solves a huge real-world business problem +* ARK, simply because I like the DPOS and the nice 6-10% annual return, the active community, and the compounding effect of their tech on the entire ecosystem if they get it to work +* BNT, because it is tied so closely to Eth, has real-world utility once launched, and will compound the value of Eth if it is successful +* XVG, because of its current cheap price and potential to hit a few cents based on leading anonymity/privacy features (a flyer for sure, but low investment) + +I will hold the others beyond these that I have but slow my future investments to this group for now. Hopefully, in what I hold, along with the Webvans and Pets.com's, there is also an Amazon or eBay. + +Are there any others that I missing that are not valued solely on speculation, and actually tied to current, real-world utility for businesses and users? +Interested in hearing your opinions. It's pretty clear eth will explode sometime in the near future. As to how much, let's speculate. + +What value for eth do you think is likely within the next 3 years? +I’ve been learning forex off and on for about a year now. Been looking around for a consistent strategy. I just wanna learn a way to be consistent. Watching videos in a course doesn’t do it for me lol. I end up with more questions after!!!! I need a good forex teacher that can walk me thru a good strategy step by step that doesn’t cost an arm and a leg. I’ve been looking at Phantom trading and they seem to have a lot of people learning and getting funded which is my goal. But the hourly for personal help is very high. I NEEED A DEDICATED TEACHER!!! If anyone has suggestions please let me know! 🙏🏿🙏🏿 +I'm curious and have been wondering, can prop firms with funded accounts actually provide a long-term career? + +How many active traders have successfully been with a prop firm for longer than a year, and have made a decent salary from it? +I'm not asking about passing a challenge or two, or getting a few payouts. I'm talking about the long term potential, and how realistic it actually is. +Hello, I am new to forex and wanting to study the market. I understand the very basics when it’s comes to pips, leverage, standard lots, mini lots, and roughly know candle sticks work etc. + +However, I am wanting to teach myself how to read the charts and use certain tools to use to my advantage and looking for certain trends to help me place a trade, but I am stuck and don’t know where to start or what to look at, can someone please point me in the right direction? It would be greatly appreciated. +I'm 16, so I'm starting early and I won't even have the money for a real account anytime soon. Thank God for demo accounts. I was exposed via my brother who was very deep and did start trading with real money but couldn't actually afford and drifted off of it. He is/was very knowledgeable about it though so next to my own studying he could help me. But is it realistic to make to make a living off forex alone? +I know that this question has been asked a few times. A lot of people (including a younger me) look at FX (and investing in general) and think, "It's so easy. I can make a ton of money from home with no effort." I know that this isn't true. I know that FX has a steep learning curve, and with investing in general there's real risk (you could lose all your money as easily as earn, probably even more easily). + +&#x200B; + +Earning millions of dollars isn't realistic for most people who don't take the time or have the startup capital. But what about a more realistic income? What are the chances of someone earning say $50K annually (assuming they took the time to learn, probably built up slowly from a few hundred)? How realistic would it be to earn 6-figures ($100K gross)? +So I am a recovering autist. I had lost 30K with y'all two years ago. + +I thought I had recovered...but no...I guess we are just born with it. So I thought I'd get back at it. + +ANYWHORE....My first trade was spy puts expiring on this lovely day. Fuck me, fuck you, fuck china and fuck me again. + +Thanks +What's up Apes, Boner here; Noticed something interesting and this could explain the slow bleed and max pain tracking we've been experiencing not too long ago...even still today. + +Jumping right into it I noticed a post of a Screenshot from a BBT showing BlackRocks GME Q3 position... I noticed they dropped from 11,000,000 shares to then having 9,000,000 shares to now owning 7,000,000 shares.... so I started asking around for answers, why would they be selling off there position. + +Link to the BBT post + +[https://www.reddit.com/r/Superstonk/comments/p5o7o6/price\_has\_been\_suppressed\_thanks\_to\_blackrock/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/p5o7o6/price_has_been_suppressed_thanks_to_blackrock/?utm_source=share&utm_medium=web2x&context=3) + +One thing to note is that RC ventures AKA Ryan Cohen is now currently the largest share hodler of GameStop. + +A user by the name of u/socrates6210 pointed something out to me that made me realize what BlackRock is up to... + +He sent me this tweet.. + +[https://twitter.com/Charlie1337420/status/1427433898993139718?s=20](https://twitter.com/Charlie1337420/status/1427433898993139718?s=20) + +The tweet for those who don't have twitter has this picture + +&#x200B; + +[credit to twitter\/charlie1337420](https://preview.redd.it/dykbrwwmuth71.jpg?width=828&format=pjpg&auto=webp&s=5343509742bfd713bf6eeb928ea260bb61742f9e) + +HMMMM so Blackrock is dumping and adding shares here and there to bring the price to Max Pain to absolutely squeeze Kenny by the balls and bleed him dry? + +Well yes, thats exactly what's happening here. By doing this also lowers the ceiling for margin calls (possibly). Wut Doing $344? Next time we'll find out. + +The tweet reads + +"Deep Effing BlackRock is our Max Pain Whale In BlackRock's annual report for its' ETF, it was explaining why the fund performed poorly to its' investors. It says "GME was a deep value play entering into 2021". 11m shares then, 7m now. Max pain confirmed" + +So to conclude all this it seems to me like BlackRock is our Max pain whale that we've been wondering about. No surprise there; they wanna crush all competition. This also Confirms GME is a long play to BlackRock. This makes me believe that once things start picking up speed again here real soon, BlackRock is going to dog pile GME and buy up a shit ton of shares at once and help take this rocket into the stratosphere and destroy all shorts once and for all... This seems to be there Endgame play.. Let me know what you think in the comments. Im Jacked To The Tits Either Way! 🚀 + +🚀No matter what, BUY & HODL,Hedgies Must Cover,Diamond F\*cking Hands, Moass is imminent🚀 + +\-Boner Out ✌️ + +Obligatory Not Financial Advice +I have been told by my professor that the differences between what we learn as undergraduates vs what we learn as graduates is extremely different. Does that mean that a bachelors in economics isnt as good if i don't use it to get a masters compared to other degrees? Does that mean that what we learn as undergrads has little to do with what economists generally do? How much upward movement is there for someone with a bachelors in economics compared to other degrees? What my professor also said was that the job you get as a dude with a BS in economics is the same as someone with a liberal arts degree would get. + +&#x200B; + +I haven't discounted getting a masters, but im not trying to get ahead of myself. I was hoping to be content with a decent job with a major in economics. Im getting worried that might not be enough, and that i might be biting more than i can chew here. + +Also i do enjoy economics. It feels like math except it actually means something. Im just not sure if i like it enough to get a masters at this point. + +&#x200B; + +Thanks everyone! +I finished high school level Economics and learned about benefits and drawbacks of privatization. I was impressed about the pros (I learnt plenty examples on this), but I was not persuaded about the cons. + +Can you give any real life examples of drawbacks of privatization and, if possible, what have the policymakers done so far to limit them? +I'm having trouble understanding where new currency comes from when value is created in an economy, and how it enters circulation. + +I'm thinking of a hypothetical closed economy with say 10 people. Each person produces 10x of goods/services of value $10. They all exchange. Let's say one decides to innovate, and produces 10x goods of value $20. How can they sell their goods without others going into debt? The only way I see is if the others increase their money supply, but this feels wrong - how can they increase their money supply without having produced something commensurate with that increase? + +What seems to follow is that if one person adds value, everyone else has to add value by a similar amount to prevent from going into debt. This doesn't sound right. And even if it's correct, how does the new money enter the circulation? + +I understand this is an incredibly rudimentary question, but maybe so rudimentary it isn't articulated, so I've kinda missed it. +Let's say I buy 20$ of wood and pay my worker 10$ (the bare minimum he's able to work for let's say) to make a table. How come the table can be worth more than 30$ so that I can give myself some profit ? If I sell it 35$, won't competition eventually force me to lower my price ? + +My problem is that I don't understand how added values (materials+labour) can be more worth more than the sum of their parts. + +Edit: I can't edit the title but of course it's come* from. +I don't clearly remember if I posted this before or not but if I did then please feel free to remove this . + +Why do so many conservatives cite "economics 101" when arguing against goverment involvement in the market ? Where exactly is it written that public intervention is bad ? +Hello! + +I found masters programs in economic that accept students with no econ background as long as their first degree is math oriented. + +The issue is that in the curriculum they directly go into advanced micro&macroeconomics. Is it fine to skip macro&micro I and II? + +I would be very grateful for your help, I'm having a hard time deciding what to do, thanks in advance! +The finances of the elites in the oil rich gulf countries and saudi arabia have always been as opaque as they can be. It is assumed that the wealth they have on their bank accounts might be numbered in the many trillions of dollars, and that this money comes from oil revenue. + +But, given that there is no separation of powers in those countries and in no way the central banks are independent, i can't seem to argue against the position that they could, if they wish to, just print unlimited money (in their national currency) into their excel balance sheets like if it was some kind of age of empires cheat code. + +Normally this doesn't happen in normal countries as central banks do NOT give money away to the government or society, and plus, if there is a surplus of money inflation appears. But the money supply is affect by money velocity. If the saudi and other emir families just store this money secretly without using it, there is no way for the market to know, and depreciate the arab rials on the forex exchange rate with the dollar. + +Am i missing something here? +Is it consumers, employees, shareholders/owners, or some other group? + +It seems that there are plenty of conflicting studies, and studies often have agendas. + +Of course different companies and industries handle corporate tax changes differently, but what does it look like from a macro level? + +Another way of asking this could be "If the corporate tax rate is lowered/raised who will benefit/weaken the most at the aggregate?" + +Intuition tells me that shareholders have the most immediate benefit from a cut, but in the long run consumers and workers have more headroom for gains as the market adjusts to competitive forces. + +**assuming all other taxes remain the same. + + +After viewing a few GDP per capita charts on Google I have noticed the GDP per capita for the US increases monotonically (the only exception being during the financial crisis in 2008), whereas for the large majority of other industrialised countries (e.g. Germany or UK) there have always been visible ups and downs. Is this attributable to the large size of the US economy, i.e. fluctuations are smoothed out, or are there other reasons? + +Thanks a lot for your answers! +Why is wealth building primarily done by homeownership instead of investing in investment funds and the stock market? + +I think that instead of the current model, where homeownership is used as wealth building (and thus in opposition to affordable housing & arguably unsustainable in the long-term), zoning restrictions prioritizing single family housing should be lifted, government incentives for single family homeownership should be removed, and supply should generally be slightly less than or equal to demand, limiting the long-term growth of property values to the inflation rate. + +From my understanding, the results would allow renting and housing overall to become much more economical, and would likely help medium- to high-density developments such as condominiums and apartments to grow in popularity. To compensate for property values no longer growing beyond the inflation rate, people would then be strongly recommended (if not mandated) to invest a certain percentage of their income into investment funds that would serve as the main method of wealth building, which would support public companies and encourage public participation in business and finance. Those who would lose a substantial portion of their property values from these reforms and rely on said values for their retirement would be reasonably compensated by the government since ultimately government policy led to the arguably unsustainable use of homeownership as a vehicle for wealth building. + +Would my proposed model be feasible, or are there major flaws that would prevent its success? +I have been doing research on previous financial crises, and according to my limited understanding, the 2008 crisis was dealt with in two major ways: + +1. Large banks and other "too big to fail" entities were bailed out. +2. The Fed adjusted interest rates, in the hopes that it would mitigate problems. + +In light of this, I often hear certain economists remark that - in the event of another economic downturn - the above methods will either by unavailable, or significantly less effective. Why is that? + +Also, feel free to correct me on any of my points. +I don't clearly remember if I posted this before or not but if I did then please feel free to remove this . + +Why do so many conservatives cite "economics 101" when arguing against goverment involvement in the market ? Where exactly is it written that public intervention is bad ? +With interest rates continuing to rise I am curious who is profiting from this. Many are now paying more on their mortgage but where does this money go? Is this not just a roundabout way for banks to take more profits from people savings? + +Maybe a silly question. Did some searching but could not find a good answer. May the finance lords on this sub enlighten me? +https://finance.yahoo.com/news/disney-netflix-amazon-hulu-110653607.html + +Disney’s (DIS) new streaming service, Disney+, is set to launch later this November, but it’s already making waves throughout the entertainment industry. With a stellar lineup of proprietary movies and TV shows, not to mention Marvel and Star Wars content on tap, Disney+ has the makings of a surefire success for the entertainment juggernaut + +Of course, Disney+ will have some stiff competition in the current streaming king, Netflix (NFLX), as well as Amazon Prime Video (AMZN) and Hulu. Here’s how the four services stack up. +I've had rental properties for 15 years now and never raised the rent on a tenant. If rent needs raised, I wait until a tenant moves out. + +I have some long term tenants now that are going on 5 or 6 years. How would you handle this? Leave it the same or raise it? If raising it, how do you go about it. +Hello everyone + + +I am a realtor in the oregon area. I have an investor friend who is sort of new to investing. Well, he bought a foreclosure about 3 years ago that had squatters in it for about 9 months. There is reason to believe there was meth cooked in the house, but not proven. There were 19 people arrested in the home before they were able to close on the home. They fixed it up about 80 percent of the way, New everything except kitchen and bathrooms. They did not strip the house to the studs. They believed that it was not fully contaminated and just did a 3 step cleaning procedure on all surfaces for the first week they owned it. + + +How would you go about clearing this type of listing to close. I would like to make sure everything is in order before the listing so we don't have any hiccups during the transaction. + + +What sort of steps would I need to take: Meth inspection reports? Other inspection reports? + + + +EDIT:: I spoke to the police involved with this house previously. There were no signs of meth lab. Just drug use in the home. Thank goodness. +The other day I saw a post on Facebook in which someone talked about waiting for the market to cool a bit. People were reacting with the laugh emoji, and someone said "it's only going up. You'll never get a better price than now." + +I was really shocked - floored in fact, because I heard this before. Someone once said to me "You're WAITING?! Prices are only going to go up! This is it, it only goes up, that's why RE is so great!!!" + +I heard that in 2006. + +I know that a crash like 2007 isn't likely - but how can people really believe "it only goes up, all the time?" That's like the often mocked "stonks only go up." + +Do you believe this? +Reposting as this did not get many eyes [last week](https://www.reddit.com/r/Superstonk/comments/znop1a/nscc_alert_proposed_rule_change_to_make_certain/). + +Source: [https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf) + +**Notice of Filing a Proposed Rule Change to Make Certain Enhancements to the Gap Risk Measure and the VaR Charge** + +***Comments due:*** 21 days after publication in the *Federal Register* + +***Additional Materials:*** [Exhibit 3a](https://www.sec.gov/rules/sro/nscc/2022/34-96511-ex3a.pdf), [Exhibit 3b](https://www.sec.gov/rules/sro/nscc/2022/34-96511-ex3b.pdf), [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2022/34-96511-ex5.pdf) + +&#x200B; + +https://preview.redd.it/m3vzkao0vv6a1.png?width=853&format=png&auto=webp&s=9b02b3e34831a47d6c49786cb4666b4ff5b144ba + +https://preview.redd.it/opq4bwc1vv6a1.png?width=702&format=png&auto=webp&s=f5422906b4e1a2127c58d9fe3038faab7285ede1 + +https://preview.redd.it/s0hbac12vv6a1.png?width=618&format=png&auto=webp&s=a3f3e0e9580393c26ab27b4bf37c84aee615a95b + +https://preview.redd.it/oth07333vv6a1.png?width=685&format=png&auto=webp&s=3d1c861f8c69df9930d78eb51a9c9f37765690e1 + +https://preview.redd.it/eo1o01v3vv6a1.png?width=637&format=png&auto=webp&s=9283fa9619fbf5e4f96d13b726bc1f4fcb5cd5ed + +>When applicable, NSCC calculates the Gap Risk Measure by multiplying the gross market value of the largest non-index Net Unsettled Position in the portfolio by a percent of not less than 10 percent (“gap risk haircut”).15 Currently, NSCC determines the gap risk haircut empirically as no less than the larger of the 1st and 99th percentiles of three-day returns of a set of CUSIPs that are subject to the VaR Charge pursuant to the Rules, giving equal rank to each to determine which has the highest movement over that three-day period. NSCC uses a look-back period of not less than ten years that includes a one-year stress period. If the one-year stress period overlaps with the look-back period, only the non-overlapping period would be combined with the look-back period. The result is then rounded up to the nearest whole percentage. + +&#x200B; + +https://preview.redd.it/co7seo96vv6a1.png?width=752&format=png&auto=webp&s=f4ad138b9f1611774ada648c7deb79cfcb0bc9a0 + +https://preview.redd.it/c397jmx6vv6a1.png?width=591&format=png&auto=webp&s=50d35e6e09304a36abc8ccb697730d22c17b04d3 + +# Other interesting notes from the proposed rule: + +>Section 17A(b)(3)(F) of the Act requires that the rules of NSCC be designed to, among other things, assure the safeguarding of securities and funds which are in the custody or control of the clearing agency or for which it is responsible and promote the prompt and accurate clearance and settlement of securities transactions.31 As discussed above, NSCC is proposing enhancements to the Gap Risk Measure portion of the VaR Charge, one of the components of its Members’ Required Deposits – a key tool that NSCC uses to mitigate potential losses to NSCC associated with liquidating a Member’s portfolio in the event of Member default. NSCC believes the proposed changes are designed to assure the safeguarding of securities and funds which are in its custody or control or for which it is responsible because they are designed to enable NSCC to better limit its exposure to Members in the event of a Member default. More specifically, the proposal would expand the applicability of the Gap Risk Measure and NSCC’s ability to collect amounts calculated through this component, which is designed to mitigate idiosyncratic risks that NSCC may face. + +&#x200B; + +>Therefore, the Gap Risk Measure Enhancements would enable NSCC to better address the potential idiosyncratic risks that it may face when liquidating a portfolio that contains a concentration of positions, such that, in the event of Member default, NSCC’s operations would not be disrupted, and non-defaulting Members would not be exposed to 24 losses they cannot anticipate or control. + +&#x200B; + +>In particular, making the Gap Risk Measure additive would allow NSCC to collect the amount that results from a calculation of the Gap Risk Measure every time the concentration threshold is met which would improve NSCC’s ability to mitigate idiosyncratic risks that it could face through the collection of the VaR Charge and better protect against more idiosyncratic risk scenarios than the current methodology. + +&#x200B; + +>NSCC’s proposed Gap Risk Measure Enhancements are designed to more effectively address the risks presented by a portfolio that meets the concentration threshold and, therefore, is more susceptible to the impacts of idiosyncratic risks. NSCC believes the enhanced VaR Charge, as a result of the Gap Risk Measure Enhancements would enable **NSCC to assess a more appropriate level of margin that accounts for these risks.** In particular, making the Gap Risk Measure additive would allow NSCC to collect the amount that results from a calculation of the Gap Risk Measure every time the concentration threshold is met which would improve NSCC’s ability to mitigate idiosyncratic risks that it could face through the collection of the VaR Charge and better protect against more idiosyncratic risk scenarios than the current methodology. + +&#x200B; + +>In particular, making the Gap Risk Measure additive would allow NSCC to collect the amount that results from a calculation of the Gap Risk Measure every time the concentration threshold is met which would improve NSCC’s ability to mitigate idiosyncratic risks that it could face through the collection of the VaR Charge and better protect against more idiosyncratic risk scenarios than the current methodology. Rather than being applied only if the Gap Risk Measure calculation exceeds the Core Parametric Estimation and the Portfolio Margin Floor calculation, the Gap Risk Measure calculation would apply every time the top two positions exceed the concentration threshold. Based on impact studies, NSCC believes this broader application together with the other proposed changes outlined below would better protect against more idiosyncratic risk scenarios than the current methodology Modifying ETF positions that are subject to the Gap Risk Measure based on whether they are nondiversified rather than whether they are non-index would allow NSCC to more accurately determine which ETFs should be included and excluded from the Gap Risk Measure based on characteristics that indicate that such ETFs are more or less prone to the effects of gap risk events. + +&#x200B; + +>As described above, NSCC believes the proposed Gap Risk Measure Enhancements would allow NSCC to employ a risk-based methodology to address the increased idiosyncratic risks presented by the occurrence of gap risk events that are presented by portfolios that meet the concentration threshold. Therefore, the proposed changes would better limit NSCC’s credit exposures to Members, consistent with the requirements of Rules 17Ad-22(e)(4)(i) and Rule 17Ad-22(e)(6)(i) under the Act.43 + +&#x200B; + +>The proposed changes would do this by continuing to apply the Gap Risk Measure only when the concentration threshold is met. The proposed change to expand the sensitivity of the charge to refer to the two largest non-diversified Net Unsettled Positions in the portfolio would provide NSCC with a better measure of the various and unexpected idiosyncratic risks it may face, in light of the recent gap risk events that did not derive from issuer events. Therefore, because the proposed changes are designed to provide NSCC with an appropriate measure of the risks (i.e., risks related to gap risk events) presented by Members’ portfolios, NSCC believes the proposal is appropriately designed to meet its risk management goals and its regulatory obligations. +Hello! I have looked into day trading and it seems like something I would be interested in making a career out of, but I have no reference for how possible that is. I don't have dreams of thousand-dollar days or anything, I just want modest returns with the freedom the job provides. Is it something that can be done realistically? or is it about as possible as becoming famous? +Hi everyone, Bob here. + +I made a post to try to share my DD on another sub that i lovingly refer to as **balls deep pets** (of kenny & co). The post was very well received and even made it to the front page of that sub today its short 4 hour life. then..... + +https://preview.redd.it/z8v2cmzwly981.png?width=746&format=png&auto=webp&s=a03f1a1beaf7d01707c46342cb3c400f1f82f5ea + +# Mods removed the post without any notification. When I reached out to them, there is no response. + +The post was a simple repost (sanitized for links) of my most recent DD you can find here in case you mised it: [Update to GME Cyles and FTDs](https://www.reddit.com/r/Superstonk/comments/rw4769/dd_reposting_for_visibility_update_to/?utm_source=share&utm_medium=web2x&context=3) + +# Wut mean doe? + +I'm fuckin jacked, that's what it means. If mods ninja-remove a post that is clearly just data-driven DD, then . + +* I'd say mods r compromised over there +* I'm jacked for the cycles +* It confirms the fuck outta my bias. +Long time lurker of this sub. + +Just wanted to share a bit of my story and thank everyone who has helped me really get on top of everything. And I hope that those of you in a similar position with debt can maybe learn and take some tips from what I did (more than happy to answer any q's). + +Status at the start of this year: 30 year old, single, renting, who's been paying off debt for YEARS (had an outstanding amount of £6000 at the start of this year). Had no savings, no house deposit, nothing, car still on finance and my credit rating completely ruined (couldn't get bank accounts, starter credit cards etc.) + +During those years, I fell over a couple of hurdles: + +The first BIG one one being - getting a debt management company to sort everything out for me. + +I would advise everyone to avoid these like the plague. I discovered a month into my repayment plan with them that actually, they were taking 25% as a fee for themselves - so it wasn't going off any debt I owed. + +So, having had that in place for a month I thought i'd be sneaky (as they had found one or two debts that I was unaware of). A week before going into the second month of the plan, I asked them for a full copy of all the companies that I owed, along with the outstanding amounts after the payments had been taken. This let me get on to and track EVERYTHING that I owed. + +I then spent the rest of that week googling the companies up, got the contact details for their customer services, noted the reference numbers the management agency had for me, and compiled it into a nice spreadsheet. + +Then I looked at the outstanding amounts. As I was already paying a DMC £300, I found that there were two debts sitting at around £100 and £135 - these were the first I was going to pay back in full. + +So I called up the DCM and informed them I wanted to cancel the plan (there was no cancellation charge as I was still within the 30 day cancellation window). + +Then, I spent a full Saturday contacting each one of my debts, explained the plan had been cancelled (which was an absolute FAFF), but eventually got there, and used a sort of "snowball" method, to pay the debts off. + +All I did - I set up direct debits with the first two small debts - and got them paid off in full the following month. As for the 4 other debts, I had setup plans with them directly, to take £50 each month from my account. (So had £500 going out each month - which was basically all I had left after rent/bills/food as I was in a badly paid job - thank christ for the flowchart!) + +Once those 2 had been paid, I then reassessed my situation, and saw that a third debt (which had £350 outstanding after debts 1 and 2 were paid) could be smashed out the following month. So I kept my budget strict, and the £300 that was used to pay off 1 and 2 then paid off the 3rd the following month. + +Then I got to the bigger debts (totally a couple of grand). I split the £350 extra I now had between the 3 debts - £200 off the smallest, £125 on both of the others. As the 4th debt paid off, I then increased the payments by £100 each. + +Which brings me to this last 6 months. I was then fortunate back at the early start of the summer to move back home out of my flat. Mum wasn't happy with her husband, and let slip to me that she was thinking about divorcing him (he's a piece of shit, and it was absolutely the right thing for her to do), she had also lost her job back in April, got another but was shielding. + +So I figured best of both worlds, give me an opportunity to live very cheaply, get my debts finally cleared, help her through the divorce and try and get myself back on my feet. + +That was my plan in July. I was in the same job, but played a complete wild card in work. + +A lot of staff were leaving, and I knew that the overwhelming majority of them were (1) paid a hell of a lot more than me with less experience, and (2), not all that good at their jobs. So I decided to pull the plug and give my notice in claiming that I had received a job offer for £9000 more than what I was on (I hadn't, but did have interviews lined up, but had a 3 month notice period and would've been able to find a job easily in my field). I realise this was a really crazy decision to make during a pandemic where people are losing their jobs, but figured I've never once rolled the dice or asked for a payrise. Now might just be the time to do it. It definitely paid off. + +So I moved back with a 45% pay increase. Reassessed my situation again, and by the end of November, I was completely debt free. The feeling of relief and weight that was lifted was genuinely insane. I feel like a different person knowing that this year, I can actually live my life and do things i've always wanted to do - travel, set up a side income business, go to gigs, eat out, have breaks away. + +I'm now in a position where I can get a credit card (got one with a small limit, but have a budget of £50, and £50 away in a tin, so when i've used 25% of my credit card, I pay it back IMMEDIATELY), and my credit score has gone from bottom of the dumps, to okay. It's still not great, but I figure if I can keep it up with the CC, I should be in a much stronger position by the end of this year. I've also started saving for a house deposit, and have been investing in stocks and shares - if you had said to me back when I was 27/28 that by the time I was 30, i'd be debt free, saving for a house AND investing, I would've slapped you for talking stupid. + +So I just wanted to thank each and everyone of you who's ever commented on a post, or silly question from me. This sub has been a massive help! Happy 2021! + +TL:DR - If you're in debt, collect details on every single one outstanding, call them directly, explain your situation and they can come up with an affordable repayment plan. Keep a strict budget, and then once one is paid, move that payment over to your next smallest debt. Every 2-3 months, reassess where you are, and keep reassessing and staying on top of it all. Also, if you feel you're undervalued in work and not paid as much as you should be - 100000% look at moving companies. +I’m trying to understand how many actual fiat $ (or other currency) has gone into the crypto markets. People often mention the overall market cap (currently >$700B) but that’s a very theoretical way of looking at value. + +To take a more practical view, if I zoom out the order book on GDAX, I can see ETH could be brought down to $350 with just $60M of sales. At that point it’s market cap would be $32B, thus eliminating $90B of market cap (down from $120B). + +So my questions are: + +1) Why the focus on market cap, isn’t there a better metric? +2) How can we calculate actual invested fiat in each crypto market and overall? +Been lurkin r/thetagang for a while, so I know there's a massive amount of PLTR CSP turned shareholders from the Feb or May dips, including myself. I also suspect most of us also have Oct CC's on those shares, and we're sweating buckets as PLTR broke through resistance and has the potential to gap up to 30+. So I thought I'd create this thread for us to discuss strategies or just sheer panic. + +Pos: 7000 PLTR @ $23 with 40 10/15 $ 25 Calls..... +So you want to get in on the craze, but you don't want to take as much risk as straight up buying the shares? This week I'll be going through the top 4 meme stocks and how much return we can get by selling weekly puts in a strategy known as selling cash-secured-puts. + +I've never seen anything like this, some of the names having 20-25% return on weekly options. I'll add the charts just so you can see how these stocks have been trading, but theres no point drawing "support" when the volatility is this high and there is no trend other then hard up or down. Most of the stocks on this list have been having swings of 100% to 50% per day. + +For anyone that's new to options. I am selling CASH SECURED PUTS, please do research before you enter any positions. + +\*Disclaimer: This is not financial advice and these names are extremely high risk with the volatility surrounding them. + +&#x200B; + +&#x200B; + +**GME - Stock Price $325** + +https://preview.redd.it/qavthiavaqe61.png?width=1772&format=png&auto=webp&s=9f9135df917a61dba2a1f5b1ca24921f1981233e + +Weekly Implied Volatility: 700% + +Return: $210 strike put sold to open (approx 30% drop) can collect $5,500 premium or a return of just about 25%. + +&#x200B; + +**AMC - Stock Price $13** + +https://preview.redd.it/xj3k9kbwaqe61.png?width=1772&format=png&auto=webp&s=0752ed4c004d19a3bebb3da9a1c5f57f6c24aec2 + +Weekly Implied Volatility: 600% + +Return: $10 strike put sold to open (approx 30% drop) can collect $260 premium or a return of about 25% again. + +&#x200B; + +**NOK - Stock Price $4.50** + +https://preview.redd.it/07xwk93xaqe61.png?width=1778&format=png&auto=webp&s=9b35e24fe475ec72d3cb65169f7c785112e712bd + +Weekly Implied Volatility: 200% + +Return: $4 strike put sold to open (approx 10% drop) can collect $15 premium or roughly 4% return. + +&#x200B; + +**BB - Stock Price $14** + +https://preview.redd.it/rmwhivayaqe61.png?width=1772&format=png&auto=webp&s=249b67a425f3012d55aa37d56dfc535ecb787d0e + +Weekly Implied Volatility: 300% + +Return: $12 strike put sold to open (approx 16% drop) can collect $130 or roughly 12% a return. + +&#x200B; + +A return this high on options that expire in 4-5 days is incredible. Obviously very very risky, but anyone looking to potentially capitalize on the increase in volatility and also wants to get in on the action, this a nice way to own the shares at a discount or collect premium instead. +Taleb in his book "Antifragile", recommends to clip the downside by being extremely paranoid to risk and expose to the upside by extremely risk loving. An example he gives, to limit the downside by having 90% or so in secure investments and the remaining 10% in risky bets. + +He also mentions in an interview that the world now is more fragile than before in 2007 due to the rise in debt. + +Going by his assessment, it got me thinking, doesn't it make more sense to have maximum portfolio allocation in Gold or Land, looking like a conventional/traditional portfolio? This sub talks about MFs and stocks, but how secure are they in the event of a collapse? Also, what is your strategy to build robustness to the unpredictable Black Swans? +My family and I were having a discussion recently about the money we've spent on various things (clothes, books, phones, games, accessories, random junk purchased from Amazon). Everything we've bought recently has depreciated in value and won't net us much if we were to sell these items. We already have SIPs set up for the entire family, and are fortunate enough to be financially secure. + +&#x200B; + +This is when one family member asked: "What can I buy without paying a massive sum (let's say under Rs. 1 lakh) that will grow in value over time? Other than gold, is there anything we can buy that will grow in value?" + +&#x200B; + +I didn't have any satisfactory answers at that time. Any ideas? +I can see a link that may indicate that GameStop do plan to release an NFT marketplace on Loopring. + +I stumbled across the ENS domain **gamestop.loopring.eth** + +https://preview.redd.it/9f6bok5l5vk71.png?width=823&format=png&auto=webp&s=f44dc35953e5f028d9c87fcc8822dc76669e0d41 + +The controller of this domain is the contract **0x269635DF1C17f24e15E27786f0C28C3DD409B3D2** + +[0x269635df1c17f24e15e27786f0c28c3dd409b3d2 (etherscan.io)](https://etherscan.io/address/0x269635df1c17f24e15e27786f0c28c3dd409b3d2) + +The only transaction sent to this smart contract wallet is from [**0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10**](https://etherscan.io/address/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10) **(Owned by Matt Finestone, Head of Blockchain at Gamestop)** on 27th May 2021. (Well after he moved from Loopring to GameStop) + +https://preview.redd.it/ezk4cnjg7vk71.png?width=1256&format=png&auto=webp&s=34bc5398d3c3ae854290b6dc0b494fddde7c5c02 + +To verify that this is GameStops Head of Blockchain we can see that this ETH address owns the domain Finestone.eth also. (This has been verified on the sub multiple times) + +[0x381636d0e4...'s account | OpenSea](https://opensea.io/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10) + +Loopring today upgraded the protocol to version 3.6.2.Bringing new functionality - NFT minting, trading, and transfers, + +Source: [https://twitter.com/loopringorg/status/1432316108896415747](https://twitter.com/loopringorg/status/1432316108896415747) + +Loopring’s CEO said the following at EDCON21 just two days ago: + +*“Some people ask me a question whether Loopring will launch our own marketplace. The answer is no. We don’t have a plan to launch our own NFT marketplace, but* ***we are working with a premium owner to make sure they can launch their marketplace successfully and very soon***\*, probably in Q4 and with a lot of other stuff.”\* + +Source: [https://medium.com/loopring-protocol/counterfactual-wallet-nfts-on-loopring-229d38a3c28a](https://medium.com/loopring-protocol/counterfactual-wallet-nfts-on-loopring-229d38a3c28a) + +I will leave you with loopring's tweet from yesterday. + +https://preview.redd.it/6co2lqspavk71.png?width=596&format=png&auto=webp&s=77752bf9eda92921d3cadd946124c99dc7257ced + +Man I'm Jacked. + +&#x200B; + +\-- EDIT-- + +There are a couple of people saying that we have no proof Matt is actually Head of Blockchain at GameStop. I have replied in the comments but I want to include it here too. + +We do know the following: + +[https://nft.gamestop.com](https://nft.gamestop.com/) published the GME NFT controller contract. + +[https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +From there we can see that one GameStop NFT was minted and assigned to [https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad) + +0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad is a Gnosis Safe multisig wallet. + +We can see the owners of the multisig wallet below + +[https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#readProxyContract](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#readProxyContract) + +0x61a80d1792340c2a03e739202980e69467459a8b is one of the owners. + +[https://etherscan.io/address/0x61a80d1792340c2a03e739202980e69467459a8b](https://etherscan.io/address/0x61a80d1792340c2a03e739202980e69467459a8b) + +From here we can see transactions TO and FROM 0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10 (Matt Finestone) + +[https://etherscan.io/address/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10](https://etherscan.io/address/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10) + +Obviously enough, nothing can stop Matt Finestone sending ETH to one of the multisig wallet owners. But for one of the owners to send ETH to him? I'm not sure why they would if he was a scammer. + +Here's the transaction from one of the owners to Matt. + +[https://etherscan.io/tx/0x4c20546d84219e47cd4b7215e887ce6828be11b01086f6671b4088a3837ff6ad](https://etherscan.io/tx/0x4c20546d84219e47cd4b7215e887ce6828be11b01086f6671b4088a3837ff6ad) + +That transaction happened on the following date: + +96 days 15 hrs ago (May-27-2021 10:38:49 PM +UTC) + +which is literally 10 minutes before the transaction from Matts wallet to the Loopring contract. + +[https://etherscan.io/tx/0x60a10f5eb107f3d6db85646ff773b44b004db35637c080c9c9c6cb31e64833bd](https://etherscan.io/tx/0x60a10f5eb107f3d6db85646ff773b44b004db35637c080c9c9c6cb31e64833bd) + +96 days 15 hrs ago (May-27-2021 10:49:03 PM +UTC) + +Its not confirmation from GameStop themselves but it is a strong indicator that he's legit. +One question that is frequently asked in this subreddit is, "Should I pay off my mortgage or invest the money?" Every time it's posted, we get the same arguments from both sides, and both sides have really good points. In general, not paying off your mortgage is the better long-term financial decision, but paying off your mortgage gives you a sense of freedom and stability that can't be beat. + +One financial argument for paying off your mortgage that I've seen discussed recently is that by paying off your house, it's easier to lower your yearly income enough to qualify for ACA subsidies, which can save thousands of dollars every year. And if that's your goal, or if you just want to strike a middle ground between the two sides, consider paying off *some* of your principal, and recasting your mortgage instead. + +I haven't seen recasting discussed much here (a search for the term "recast" revealed no posts from the last year), so here are two good articles on recasting: + +https://www.rocketmortgage.com/learn/recast-mortgage + +https://www.forbes.com/advisor/mortgages/mortgage-recasting/ + +Basically, you pay off a good chunk of your principal, then ask the bank to recalculate your monthly payments, with the same interest rate and final payment date that you currently have. Unlike a refinance, nothing about the mortgage changes, except for the size of the monthly payment. And also unlike a refinance, it doesn't come along with hefty fees, a credit check, or tons of paperwork. For example, with Rocket Mortgage, it's a simple $250 fee to recast your mortgage. + +As I approach FIRE in a few years, I'm going to look at the ACA subsidies at that time, and determine my best way to stay under the caps. I might pay a good chunk towards my principal at that time, and lower my monthly payment enough to stay at the necessary annual income to qualify. + +Hope this helps others in the community! +Guten Morgen to this global band of Apes! 👋🦍 + +Monday was quite the treat, was it not? Immediately following the end of my updates yesterday, the US premarket suddenly tanked the price for another dip. It did not last! The day had relatively low volume, but it was certainly lively. + +Obviously that wasn't the big news of the day. Yesterday, Citadel challenged the SEC in court to challenge the approval of IEX's D-Limit order type, and their arguments were thoroughly trounced for all to see. IEX's fantastic lawyer extracted some amazing concessions from Citadel's lawyer, and demonstrated clearly that Citadel does not in fact represent retail traders' interests. I do not see any way that the Justices would rule to overturn the the SEC on this. + +Additionally, Fidelity has now added IEX as a routing option, and it couldn't have come at a better time. While many Apes are choosing to buy shares through ComputerShare, a large portion of the float still resides at Fidelity, and when the MOASS comes any sales that avoid the dark pools and go through IEX will force the short hedge funds to close their short positions at IEX. DRS at ComputerShare continues to be the way, but routing Fidelity orders through IEX is *also* the way. + +Today is Tuesday, October 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$173.51 / 149,54 €** *(volume: 1304)* +- 🟩 115 minutes in: $173.19 / 149,26 € *(volume: 1237)* +- 🟩 110 minutes in: $173.17 / 149,25 € *(volume: 1234)* +- 🟥 105 minutes in: $173.16 / 149,24 € *(volume: 1232)* +- 🟩 100 minutes in: $173.26 / 149,32 € *(volume: 1193)* +- 🟩 95 minutes in: $173.25 / 149,31 € *(volume: 1192)* +- 🟥 90 minutes in: $173.20 / 149,28 € *(volume: 1188)* +- 🟩 85 minutes in: $173.84 / 149,82 € *(volume: 1134)* +- 🟩 80 minutes in: $173.23 / 149,30 € *(volume: 1123)* +- 🟥 75 minutes in: $173.20 / 149,28 € *(volume: 1094)* +- 🟥 70 minutes in: $173.22 / 149,29 € *(volume: 1089)* +- 🟥 65 minutes in: $173.46 / 149,50 € *(volume: 1068)* +- 🟥 60 minutes in: $173.97 / 149,94 € *(volume: 926)* +- 🟩 55 minutes in: $174.03 / 149,99 € *(volume: 921)* +- ⬜ 50 minutes in: $173.97 / 149,94 € *(volume: 882)* +- 🟩 45 minutes in: $173.97 / 149,94 € *(volume: 828)* +- 🟥 40 minutes in: $173.91 / 149,89 € *(volume: 792)* +- 🟩 35 minutes in: $173.99 / 149,95 € *(volume: 783)* +- 🟩 30 minutes in: $173.91 / 149,89 € *(volume: 759)* +- 🟥 25 minutes in: $173.89 / 149,86 € *(volume: 652)* +- 🟩 20 minutes in: $173.90 / 149,88 € *(volume: 420)* +- 🟩 15 minutes in: $173.89 / 149,86 € *(volume: 357)* +- 🟩 10 minutes in: $173.75 / 149,75 € *(volume: 282)* +- 🟩 5 minutes in: $173.71 / 149,71 € *(volume: 221)* +- 🟥 0 minutes in: $173.70 / 149,70 € *(volume: 220)* +- 🟩 US close price: $173.97 / 149,94 € *($172.86 / 148,98 € 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 1.1603. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +“When we hit boots on ground, it’s only a 4 klick movement to the objective.” + +We were 5 minutes out from our first mission on my first deployment. Our Chaplin just said a prayer. We were almost all fresh soldiers, but we knew we had been conditioned for this. We were nervous, but stoic. +Keeping cool was key. + +**“One minute out!”** + +This was it. The bird was descending. This is really happening, it’s now live or die. + +Touch-down + +We walk. It’s a cold night near a span of mountain. The nervous sweat from being shoulder to shoulder in the bird is starting to freeze and make our uniforms feel stiff. + +Only 4 klicks. + +Walking with night vision isn’t fun when it’s a single monocle. It can be disorienting. Depth perception is not the same. That’s okay, I count my steps and keep my eyes on the mountain. It’s only 4 klicks. + +We are called to a halt. We stop and pull security while leadership talks. Something is wrong. I counted about 5 klicks worth of steps so I’m assuming we overshot the objective a little and that is what is being discussed. + +Squad leaders meet with team leaders. Team leaders meet with their teams. We’ve walked 5.5 klicks, but we aren’t there yet. But don’t worry, it’s only about 4 more klicks. + +Off we go. Too easy. We walk 12 mile rucks once a week, 8 klicks is nothing. + +Some time passes. We are over my step count for 4 klicks. Something isn’t right, I can feel we are about to be halted again. + +Information is dispersed again. They read something wrong. We have about 4 more klicks to go. + +We set off. We are too deep into it now to complain. It may be 3:30 in the morning now. We may be cold and hungry. But we are too deep into this to care. Maybe even too tired to care. + +We can see enemy patrols on the mountain we have been skirting their fires shine bright with our night vision. They can’t see us and we want to keep it that way. + +Another halt. + +Another 4 Klicks. The men are growing frustrated, sore, and morale is dry. + +This cycle repeats until the mission was scrapped. We never even got eyes on the target. We never completed our mission. + +By the time all was said and done, though, we had walked near 22 miles. In extremely austere terrain. In an unknown place. Surrounded by men who wanted the bounty on your head and your friends head. Walking with feet blistered so bad they were bleeding. With pounds and pounds of body armor, radios, weapons, ammo, water, and supplies. + +And when it was all said and done? We laughed. We laughed hard. How could we walk that long for nothing? How could our leadership fuck up this bad? How could they risk our lives due to incredibly bad planning? All we could do was laugh. + +It wasn’t easy. Everything in me wanted to quit. Every step was forced. Each time I completed one, I told myself “Okay, now just take 5 more, then you’re 5 more closer to being done.”  Each step was one more closer to not having to walk anymore. + +Id look at my friends, and they looked strong. They looked like they had it together and we’re keeping their cool. I asked them later how they were so lax. They told me it was because when they looked to me, I looked strong and composed. We supported eachother the whole way through without a word and without knowing it. Bearing the burden together. + +We ended up losing  a lot of really good men on that deployment. It got worse before it got better. The death didn’t stop when we returned home, either, unfortunately. But the command team was removed. We had the burden of carrying the title for one of the most cases of casualties in a deployment in modern history. But now I have a network of love and support that will be carried with me until my days are up. No one can take that away. + +To this day “four more klicks” is a joke that runs with my friends and I. + +One day,  these hedgies will be a similar joke to us. They cause a little pain, but we just plug along day by day.  It’s just one more day, one more closer to being done. All we have is time. + +It may not be the same as going to war, but there are similarities. Both are life changing. Both open your eyes to more  than you saw before. Both push you to better yourself and knowledge. Both push you to capacities you previously didn’t know you were capable of. + +This is our war to win. Step by step. Klick by klick. We have nothing to lose and everything to gain. Giving up simply isn’t an option. We are deep and our feet are not only planted but have grown roots.  Things may get worse before they get better, but that can fully be used to our advantage. I will leave behind a legacy of kindness, love, and compassion. I am not settling for anything less than being able to leave a lasting mark. I want to help the families of the fallen, the broken, the battered. I want to help those struggling as I did when transitioning out. My mind is made up and I will not settle for less. I will continue to buy and hold. If it takes days or years, I will hold til I can leave the impact the men I served with left on me. + +Im sorry for the long winded story, but this is war and perspective is everything. +You got this. I got this. +-A Broken Ass 173 vet + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +***WARNING***[:](https://www.tradinganalysisresources.com/2020/05/free-references-and-resources.html) ***It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.*** + +# Your Pre Market Brief for Wednesday December 9th 2020 + +Back because I'm having problems finding value plays in this inflated market and need a few good ideas. Will continue until I get exhausted. + +You can subscribe to the daily 4:00 AM Pre Market Brief on [**The Twitter Link Here**](https://twitter.com/TradingAnalysi2) . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub. + +**Other Useful Resources:** [**The Ultimate Quick Resource For the Amateur Trader.**](https://www.reddit.com/r/pennystocks/comments/hcja2q/the_ultimate_quick_resource_for_the_amateur_trader/) + +*Published* ***3:41 AM*** *EST / Updated as of* ***4:00*** ***AM*** *EST* + +\----------------------------------------------- + +***Stock Futures:*** + +* [Pre-Market Trading](https://money.cnn.com/data/premarket/) + +***Wednesday*** ***12/08/2020 News and Markets Recap:*** + +* [News and Market Recap](https://finance.yahoo.com/video/market-recap-tuesday-december-8-214045429.html) + +**Friday** ***August 28th 2020*** [***Economic Calendar***](https://tradingeconomics.com/calendar) (All times are Eastern) + +* **12:00 PM** [**MBA Mortgage Applications**](https://tradingeconomics.com/united-states/mortgage-applications) +* **12:00 PM** [**MBA 30-Year Mortgage Rate**](https://tradingeconomics.com/united-states/mortgage-rate) 04/DEC +* **03:00 PM** [**Wholesale Inventories MoM**](https://tradingeconomics.com/united-states/wholesale-inventories) OCT +* **03:00 PM** [**JOLTs Job Openings**](https://tradingeconomics.com/united-states/job-offers) OCT +* **03:30 PM** [**EIA Distillate Stocks Change**](https://tradingeconomics.com/united-states/distillate-stocks) 04/DEC +* **03:30 PM** [**EIA Cushing Crude Oil Stocks Change**](https://tradingeconomics.com/united-states/cushing-crude-oil-stocks) 04/DEC +* **03:30 PM** [**EIA Crude Oil Stocks Change**](https://tradingeconomics.com/united-states/crude-oil-stocks-change) 04/DEC +* **03:30 PM** [**EIA Gasoline Stocks Change**](https://tradingeconomics.com/united-states/gasoline-stocks-change) 04/DEC +* **03:30 PM** [**EIA Refinery Crude Runs Change**](https://tradingeconomics.com/united-states/refinery-crude-runs) 04/DEC +* **03:30 PM** [**EIA Heating Oil Stocks Change**](https://tradingeconomics.com/united-states/heating-oil-stocks-) 04/DEC +* **03:30 PM** [**EIA Distillate Fuel Production Change**](https://tradingeconomics.com/united-states/distillate-fuel-production) 04/DEC +* **03:30 PM** [**EIA Gasoline Production Change**](https://tradingeconomics.com/united-states/gasoline-production) 04/DEC +* **03:30 PM** [**EIA Crude Oil Imports Change**](https://tradingeconomics.com/united-states/crude-oil-imports) 04/DEC + +***Overnight News Heading into Wednesday December 9th 2020*** + +***(News Yet to be Traded 8:00 PM - 4:00 AM EST)*** + +*^(It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.)* + +* [JKS](https://www.prnewswire.com/news-releases/jinkosolar-announces-proposed-at-the-market-offering-of-up-to-us100-000-000-of-adss-301189176.html) JinkoSolar Announces Proposed At-The-Market Offering of up to US$100,000,000 of ADSs +* [SNY](https://finance.yahoo.com/news/sanofi-kiadis-satisfy-competition-condition-054500062.html) Sanofi, Kiadis Satisfy Competition Condition Regarding Tender Offer +* [PSTI](http://www.globenewswire.com/news-release/2020/12/09/2141935/0/en/Pluristem-Announces-DMC-Recommendation-Following-Interim-Analysis-of-its-Phase-III-CLI-Study.html) Pluristem Announces DMC Recommendation Following Interim Analysis of its Phase III CLI Study +* [LPCN](https://www.prnewswire.com/news-releases/lipocine-announces-tentative-approval-of-tlando-301188975.html) ($1.68) Lipocine Announces Tentative Approval of TLANDO™ +* [LPCN](https://www.prnewswire.com/news-releases/lipocine-announces-deletion-of-unauthorized-changes-to-companys-website-301188971.html) Lipocine Announces Deletion of Unauthorized Changes to Company's Website +* [CE](https://www.businesswire.com/news/home/20201208006201/en/Mitsubishi-Gas-Chemical-Company-and-Celanese-Corporation-Sign-MOU-to-Restructure-Korea-Engineering-Plastics-JV) Mitsubishi Gas Chemical Company and Celanese Corporation Sign MOU to Restructure Korea Engineering Plastics JV +* [BDX](https://www.prnewswire.com/news-releases/new-clinical-trial-data-demonstrates-bd-libertas-wearable-injector-as-a-drug-delivery-system-301189047.html) New Clinical Trial Data Demonstrates BD Libertas™ Wearable Injector as a Drug Delivery System +* [RHHBY MRNA](https://in.reuters.com/article/health-coronavirus-roche-moderna-idINKBN28J0J3) Roche joins Moderna to include antibody test in COVID-19 vaccine trial +* [STMP](https://www.businesswire.com/news/home/20201208006057/en/Metapack-Announces-TDC-2021-to-Take-Place-Virtually-in-Februar) Metapack Announces TDC 2021 to Take Place Virtually in February +* [AMYT](https://www.globenewswire.com/news-release/2020/12/09/2141892/0/en/Amryt-Group-Receives-Marketing-Authorisation-Approval-for-Lojuxta-in-Brazil.html) Amryt Group Receives Marketing Authorisation Approval for Lojuxta® in Brazil +* [TGA](https://www.globenewswire.com/news-release/2020/12/09/2141890/0/en/TransGlobe-Energy-Corporation-Announces-Director-PDMR-Shareholdings.html) ($0.88) TransGlobe Energy Corporation Announces Director/PDMR Shareholdings +* [ASX](https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-301189000.html) ($5.66) ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues +* [AVYA](https://www.prnewswire.com/news-releases/batelco-sees-growth-in-avaya-onecloud-business-301189118.html) Batelco Sees Growth In Avaya OneCloud Business +* [NTRS](https://finance.yahoo.com/news/standard-chartered-northern-trust-partner-050100121.html) Standard Chartered and Northern Trust Partner to Launch Zodia, a Cryptocurrency Custodian for Institutional Investors +* [SRNE](https://www.globenewswire.com/news-release/2020/12/09/2141844/0/en/Sorrento-Receives-Licensure-From-the-State-of-California-for-Clinical-Testing-Laboratory-CLIA-Allowing-for-Clinical-Sample-Testing.html) Sorrento Receives Licensure From the State of California for Clinical Testing Laboratory Allowing for Clinical Sample Testing +* [AAPL](https://www.benzinga.com/analyst-ratings/analyst-color/20/12/18707065/apple-gets-200-bull-case-target-from-wedbush-on-strongest-product-cycle-since-2014) Apple Gets $200 Bull Case Target From Wedbush On Strongest Product Cycle Since 2014 +* [KURA](https://www.globenewswire.com/news-release/2020/12/09/2141845/0/en/Kura-Oncology-Announces-Pricing-of-300-Million-Public-Offering-of-Common-Stock.html) Kura Oncology Announces Pricing of $300 Million Public Offering of Common Stock +* [SBTX](https://www.secform4.com/insider-trading/1671858.htm) $999,999.00 of shares acquired by Presidio Management Group Xii, L.l.c. (10% Owner), reported in a new form 4 filed with the SEC +* [STRO](https://www.prnewswire.com/news-releases/sutro-biopharma-announces-pricing-of-126-0-million-public-offering-301188986.html) Sutro Biopharma Announces Pricing of $126.0 Million Public Offering +* [ATRA](https://www.businesswire.com/news/home/20201208006197/en/Atara-Biotherapeutics-Announces-Pricing-of-175.0-Million-Public-Offering) Atara Biotherapeutics Announces Pricing of $175.0 Million Public Offering +* [ATOS](http://www.globenewswire.com/news-release/2020/12/09/2141850/0/en/Atossa-Therapeutics-Announces-Pricing-of-20-0-Million-Underwritten-Public-Offering.html) Atossa Therapeutics Announces Pricing of $20.0 Million Underwritten Public Offering +* [HOOK](https://www.globenewswire.com/news-release/2020/12/09/2141853/0/en/HOOKIPA-Pharma-Announces-Pricing-of-Public-Offering-of-Common-Stock-and-Preferred-Stock.html) HOOKIPA Pharma Announces Pricing of Public Offering of Common Stock and Preferred Stock (Note: Offering was proposed after market close. The offering was announced at 10:00 pm) +* [LMT](https://www.secform4.com/insider-trading/936468.htm) reported 8+ new insider trades (Selling) to the SEC slightly before 8:00pm +* [HUBG](https://www.secform4.com/insider-trading/940942.htm) reported 4 new insider trades (sold) to the SEC after market close +* [IGMS](https://www.globenewswire.com/news-release/2020/12/09/2141855/0/en/IGM-Announces-Pricing-of-Upsized-200-million-Public-Offering.html) IGM Announces Pricing of Upsized $200 million Public Offering +* [AY](https://www.globenewswire.com/news-release/2020/07/14/2061793/0/en/Atlantica-Sustainable-Infrastructure-plc.html) Atlantica Sustainable launches share offering +* [BRP](https://www.globenewswire.com/news-release/2020/12/09/2141858/0/en/BRP-Group-Inc-Announces-Pricing-of-Its-Public-Offering-of-Common-Stock.html) Group, Inc. Announces Pricing of Its Public Offering of Common Stock of $29.50 per share (Earlier news below in the offering section) + +***End of Day and After Hours News Heading into Wednesday December 9th 2020*** + +***(News Traded 4:00 PM - 8:00 PM EST)*** + +*^(It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.)* + +* [MSFT](https://www.bloomberg.com/news/articles/2020-12-09/microsoft-says-key-xbox-game-halo-infinite-coming-in-fall) Microsoft Says Key Xbox Game ‘Halo Infinite’ Coming in Fall +* [PRPH](https://www.globenewswire.com/news-release/2020/12/08/2141785/0/en/ProPhase-Labs-Expands-COVID-19-Testing-Capacity-with-New-25-000-Square-Feet-Testing-Facility-in-Garden-City-New-York.html) ($9.08) ProPhase Labs Expands COVID-19 Testing Capacity with New 25,000 Square Feet Testing Facility in Garden City, New York +* [AAPL](https://www.bloomberg.com/news/articles/2020-12-09/new-orders-of-apple-s-550-headphones-won-t-arrive-for-christmas) New Orders of Apple’s AirPods Max Won’t Arrive for Christmas +* [GME](https://www.barrons.com/articles/gamestop-stock-sinks-after-sales-dip-what-to-know-about-its-earnings-51607467741) GameStop Stock Sinks After Third-Quarter Sales Tumble +* [VIAV](https://www.prnewswire.com/news-releases/viko-dongguan-optics-technical-co-ltd-enters-into-licensing-agreement-with-viavi-for-3d-sensing-filters-301188799.html) ($13.75) Viko Optics Technical enters licensing agreement with VIAVI for 3D sensing filters +* [AT](https://www.prnewswire.com/news-releases/atlantic-power-corporation-provides-update-on-calstock-power-purchase-agreement-and-cadillac-insurance-settlement-301188825.html) ($2.04) Atlantic Power Corporation Provides Update on Calstock Power Purchase Agreement and Cadillac Insurance Settlement +* [GSM](https://www.prnewswire.com/news-releases/us-silicon-metal-producers-welcome-duties-on-unfairly-traded-silicon-metal-imports-from-bosnia-and-herzegovina-iceland-301188854.html) ($1.78) U.S. Silicon Metal Producers Welcome Duties on Unfairly-Traded Silicon Metal Imports from Bosnia and Herzegovina, Iceland +* [BRF](https://uk.reuters.com/article/brf-outlook/update-5-brazils-brf-shares-soar-after-bold-10-year-plan-idUKL1N2IO0ZK) ($4.52) 5-Brazil's BRF shares soar after bold 10-year plan +* [RARE](https://www.globenewswire.com/news-release/2020/12/05/2140155/0/en/GeneTx-and-Ultragenyx-Announce-Presentation-of-Phase-1-2-Data-on-Investigational-GTX-102-in-Patients-with-Angelman-Syndrome.html) GeneTx and Ultragenyx Announce Presentation of Phase 1/2 Data on Investigational GTX-102 in Patients with Angelman Syndrome +* [BAX OMCL](https://www.reuters.com/article/us-omnicell-m-a-baxter-intl/baxter-in-5-billion-bid-for-omnicell-sources-idUSKBN28I3B2) Baxter seeks to buy Omnicell for [$5B](https://stocktwits.com/symbol/5B)\-plus - Reuters +* [WTI](https://www.globenewswire.com/news-release/2020/12/08/2141826/0/en/W-T-Offshore-Provides-Operational-Update-and-Increases-Production-Guidance-for-the-Fourth-Quarter-of-2020.html) W and T Offshore Provides Operational Update and Increases Production Guidance for the Fourth Quarter of 2020 +* [WAT](https://www.businesswire.com/news/home/20201208006033/en/Waters-Collaborates-with-Dr.-Sunghwan-Kim-of-Kyungpook-National-University-to-Advance-Precision-Analysis-of-Complex-Chemical-Compounds) Waters Collaborates with Dr. Sunghwan Kim of Kyungpook National University to Advance Precision Analysis of Complex Chemical Compounds +* [CHWY](https://www.barrons.com/articles/chewy-earnings-top-expectations-the-stock-still-fell-51607468231) Chewy Stock Dips Even After Earnings Beat Expectations +* [BA](https://www.bloomberg.com/news/articles/2020-12-08/u-k-to-drop-tariffs-on-u-s-goods-in-airbus-boeing-dispute) U.K. to Drop Tariffs on U.S. Goods in Airbus-Boeing Dispute +* [ZGNX](https://www.sec.gov/ix?doc=/Archives/edgar/data/1375151/000137515120000159/zgnx-20201203.htm) Form 8-K: Entry into a Material Definitive Agreement.On December 3, 2020,, Zogenix, entered into a Collaboration, Option and License Agreement with Tevard Biosciences for the research, developmet +* [CMBM](https://www.prnewswire.com/news-releases/cambium-networks-corporation-announcement-of-litigation-settlement-301187844.html) Cambium Networks announces litigation settlement +* [FDX](https://www.freightwaves.com/news/fedex-shares-pierce-300-level-for-first-time-ever) FedEx Shares Pierce $300 Level For First Time Ever +* [FEYE](https://www.barrons.com/articles/fireeye-stock-falls-after-state-sponsored-cyber-attack-51607465624) FireEye Stock Falls After ‘State-Sponsored’ Cyber Attack +* [UBER](https://www.cnbc.com/2020/12/08/air-taxi-start-up-joby-acquires-uber-elevate-.html) Uber sells flying taxi Elevate business to Joby Avionics and makes $75M investment +* [UBER](https://www.washingtonpost.com/technology/2020/12/07/uber-aurora-self-driving/) Uber offloads troubled self-driving unit to startup Aurora +* [CR](https://www.yahoo.com/now/crane-co-elects-director-220000259.html) Crane Elects New Director +* [SHO](https://www.prnewswire.com/news-releases/sunstone-hotel-investors-announces-the-sale-of-the-502-room-renaissance-los-angeles-airport-for-91-5-million-301188846.html) Sunstone Hotel Investors Announces The Sale Of The 502-Room Renaissance Los Angeles Airport For $91.5 Million +* [MFAC](https://sec.report/Document/0001213900-20-041616/) Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On December 8, 2020, Megalith Financial Acquisition Corp. where the Company has bee +* [MFAC](http://www.globenewswire.com/news-release/2020/12/08/2141807/0/en/Megalith-Financial-Acquisition-Corp-Transfers-Listing-to-NYSE-American-LLC.html) Megalith Financial Acquisition Corp. Transfers Listing to NYSE American +* [PFE](https://www.businesswire.com/news/home/20201208006015/en/U.S.-FDA-Accepts-for-Priority-Review-the-Biologics-License-Application-for-Pfizer%E2%80%99s-Investigational-20-valent-Pneumococcal-Conjugate-Vaccine-for-Adults-18-Years-of-Age-and-Older) U.S. FDA Accepts for Priority Review the Biologics License Application for Pfizer’s Investigational 20-valent Pneumococcal Conjugate Vaccine for Adults 18 Years of Age and Older +* [MUX](https://www.globenewswire.com/news-release/2020/12/08/2141745/0/en/McEwen-Mining-Update-on-the-San-Jos%C3%A9-Mine.html) ($1.03) McEwen says production resumes at San José mine +* [QS](https://www.barrons.com/articles/quantumscape-hitting-home-run-in-battery-technology-stock-soars-51607463327) QuantumScape ‘Hitting a Home Run’ in Battery Technology +* [PRCP](https://www.globenewswire.com/news-release/2020/12/08/2141796/0/en/Perceptron-Shareholders-Approve-Merger-Agreement-with-Atlas-Copco.html) ($6.97) Perceptron Shareholders Approve Merger Agreement with Atlas Copco +* [RWLK](https://www.globenewswire.com/news-release/2020/12/08/2141793/0/en/ReWalk-Robotics-Announces-Closing-of-8-0-Million-Private-Placement-Priced-At-the-Market.html) ($1.23) ReWalk Robotics Announces Closing of $8.0 Million Private Placement Priced At-the-Market +* [SALT](https://www.globenewswire.com/news-release/2020/12/08/2141782/0/en/Scorpio-Bulkers-Inc-Announces-the-Sale-of-an-Ultramax-Vessel.html) Scorpio Bulkers sells Ultramax vessel +* [MDP](https://www.prnewswire.com/news-releases/mongodb-inc-announces-third-quarter-fiscal-2021-financial-results-301188829.html) MongoDB reports Q3 beats, upside Q4 and full-year forecasts +* [EFX](https://www.prnewswire.com/news-releases/equifax-announces-svp-of-product-data--analytics-for-consumer-business-301188733.html) Equifax Announces SVP of Product, Data & Analytics for Consumer Business +* [AVAV](https://www.yahoo.com/now/aerovironment-acquires-telerob-leader-ground-211000505.html) AeroVironment Acquires ground robotic solutions provider, Telerob +* [GWRE](https://www.businesswire.com/news/home/20201208006086/en/Guidewire-Software-Announces-First-Quarter-Fiscal-Year-2021-Financial-Results) Guidewire Software EPS beats by $0.22, beats on revenue +* [ASMB](http://www.globenewswire.com/news-release/2020/12/08/2141763/0/en/Assembly-Biosciences-to-Wind-Down-Microbiome-Program.html) ($6.20) Assembly Biosciences pulls the plug on microbiome program +* [MA](https://www.businesswire.com/news/home/20201208006042/en/Mastercard-Board-of-Directors-Announces-Quarterly-Dividend-and-6-Billion-Share-Repurchase-Program) Mastercard Board of Directors Announces Quarterly Dividend and $6 Billion Share Repurchase Program +* [TUFN](https://www.businesswire.com/news/home/20201208006028/en/Tufin-to-Present-at-Barclays-Global-Technology-Media-and-Telecommunications-Conference) Tufin to Present at Barclays Global Technology, Media and Telecommunications Conference +* [ENR](https://www.prnewswire.com/news-releases/energizer-holdings-inc-announces-conditional-full-redemption-of-7-750-senior-notes-due-2027--301188837.html) Energizer Holdings, Inc. Announces Conditional Full Redemption of 7.750% Senior Notes Due 2027 +* [CRIS](https://www.prnewswire.com/news-releases/curis-announces-proposed-public-offering-of-common-stock-301188836.html) ($6.55) Curis Announces Proposed Public Offering of Common Stock +* [AZN](https://www.bloomberg.com/news/articles/2020-12-08/astra-vaccine-is-effective-but-leaves-questions-in-older-ages) Oxford-AstraZeneca COVID-19 vaccine 'safe and effective,' but questions remain for elderly - Lancet +* [VVNT](https://www.businesswire.com/news/home/20201208005107/en/CORRECTING-and-REPLACING-Vivint-Smart-Home-Announces-Redemption-of-Public-Warrants) Vivint Smart Home Announces Redemption of Public Warrants +* [TTCF](https://www.globenewswire.com/news-release/2020/12/08/2141770/0/en/Tattooed-Chef-Newest-Innovation-Features-Plant-Based-Meat-Alternatives.html) Tattooed Chef Newest Innovation Features Plant-Based Meat Alternatives +* [CUBE](https://www.globenewswire.com/news-release/2020/12/08/2141774/0/en/CubeSmart-Announces-3-0-Increase-in-Quarterly-Common-Dividend.html) CubeSmart Announces 3.0% Increase in Quarterly Common Dividend +* [PLDI](https://www.prnewswire.com/news-releases/pdl-announces-timeline-for-voluntarily-delisting-from-nasdaq-301188723.html) PDL Announces Timeline for Voluntarily Delisting from Nasdaq +* [BRX](https://news.yahoo.com/brixmor-property-group-announces-fourth-210500016.html) Brixmor Property Group Announces Fourth Quarter 2020 Earnings Release And Teleconference Dates +* [ILMN](https://www.businesswire.com/news/home/20201208005984/en/Illumina-and-Harvard-Pilgrim-Health-Care-Expand-Access-to-Whole-Genome-Sequencing-for-Genetic-Disease-Testing) Illumina and Harvard Pilgrim Health Care Expand Access to Whole-Genome Sequencing for Genetic Disease Testing +* [FBHS](https://www.businesswire.com/news/home/20201208006049/en/Fortune-Brands-Increases-Quarterly-Dividend-for-8th-Consecutive-Year) Fortune Brands Increases Quarterly Dividend for 8th Consecutive Year +* [RCKT](https://www.businesswire.com/news/home/20201208006068/en/Rocket-Pharmaceuticals-Announces-Positive-Gene-Expression-Clinical-Biomarker-and-Preliminary-Functional-Data-from-Phase-1-Trial-of-RP-A501-for-the-Treatment-of-Danon-Disease) Rocket Pharmaceuticals Announces Positive Gene Expression, Clinical Biomarker and Preliminary Functional Data from Phase 1 Trial of RP-A501 for the Treatment of Danon Disease +* [TAK](https://www.businesswire.com/news/home/20201208005955/en/Takeda%E2%80%99s-Pipeline-Has-Potential-to-Contribute-Significantly-to-Revenue-Growth-Over-Next-Decade) Takeda’s Pipeline Has Potential to Contribute Significantly to Revenue Growth Over Next Decade +* [ALBO](https://www.globenewswire.com/news-release/2020/12/08/2141795/0/en/Albireo-Submits-for-U-S-FDA-and-EMA-Product-Approval-of-Once-Daily-Odevixibat-for-PFIC.html)Albireo submits U.S. and European applications for odevixibat in liver disease + +***Possible Dip Buying Opportunities in the near future (Other suggestions appreciated):*** + +[Suggested Dip Trading Strategy](https://www.tradinganalysisresources.com/2020/08/the-safe-consistent-short-term-trading.html) + +* **AOUT**: Posturing before earnings on the 15th +* **PFSW**: Dipping as a result of low volume trading weeks after earnings, nearing support +* **TOL**: Poor guidance and headwinds in the real estate market (Reliable company though) +* **LEN**: Dipping as a result of TOLL's guidance. Posturing for earnings on the 16th +* **SPWH**: Dropping as analysts expect a decrease in revenue earned next year. +* **ITB**: Real estate expected to cool off in the winter before popping again in the Spring +* **LMT**: Typical post dividend dip (Update: Be careful, just announced 8 insider sells at 8:01 PM) +* **CRM**: Dipping because investors assess they paid too much for the Slack purchase +* **KMX**: Been trading sideways for nearly 6 months. Earnings on 12/22 + +***Offering News:*** + +* [UBER](https://www.businesswire.com/news/home/20201208006184/en/Uber-Announces-Pricing-of-1.0-Billion-Convertible-Senior-Notes-Offering) Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering +* [YCBD](https://www.businesswire.com/news/home/20201208006156/en/cbdMD-Inc.-Announces-Pricing-of-15-Million-8.0-Series-A-Cumulative-Convertible-Preferred-Stock-Offering) cbdMD Announces Pricing of $15 Million 8.0% Series A Cumulative Convertible Preferred Stock Offering +* [PCF](https://newsfilter.io/a/bd23211dad3cc0189e41321aefa4fbbb) High Income Securities Fund Announces Non-Transferable Rights Offering +* [HD](https://www.sec.gov/Archives/edgar/data/354950/000119312520312891/d25488dsctota.htm) Form SC TO-T/A (tender offer statement by third party) filed with the SEC +* [HDS](https://www.sec.gov/Archives/edgar/data/354950/000119312520312891/d25488dsctota.htm) Form SC TO-T/A (tender offer statement by third party) filed with the SEC +* [TSLA](https://www.barrons.com/articles/musk-shrugs-at-tesla-5-billion-stock-issuance-dilution-spacex-texas-california-51607466122) Elon Musk Shrugs at Tesla’s $5 Billion Stock Issuance +* [OMF](https://finance.yahoo.com/news/onemain-holdings-inc-announces-pricing-221400541.html) OneMain Holdings, Inc. Announces Pricing of Upsized $850 Million Aggregate Principal Amount of Senior Notes due 2030 +* [OXY](https://www.globenewswire.com/news-release/2020/12/08/2141813/0/en/Occidental-Announces-Upsize-of-Previously-Announced-Cash-Tender-Offers-and-Consent-Solicitations-for-Certain-of-its-Senior-Notes.html) Occidental Announces Upsize of Previously Announced Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes +* [HOOK](https://www.globenewswire.com/news-release/2020/12/08/2141758/0/en/HOOKIPA-Pharma-Announces-Proposed-Public-Offering-of-Common-Stock-and-Preferred-Stock.html) HOOKIPA Pharma proposes public offering of common and preferred stock +* [BRP](https://www.globenewswire.com/news-release/2020/12/08/2141788/0/en/BRP-Group-Inc-Announces-Proposed-Public-Offering-of-Common-Stock.html) Group Announces Proposed Public Offering of Common Stock +* [TALO](https://www.prnewswire.com/news-releases/talos-energy-announces-public-offering-of-common-stock-301188808.html) ($10.51) Talos Energy Announces Public Offering Of Common Stock +* [ICHR](https://www.businesswire.com/news/home/20201208006088/en/Ichor-Announces-Public-Offering-of-3500000-Ordinary-Shares) Ichor readies 3.5M shares public offering +* [DCTH](https://www.globenewswire.com/news-release/2020/12/08/2141757/0/en/Delcath-Systems-Announces-Proposed-Public-Offering-of-Common-Stock.html) Delcath System proposes public offering +* [NVO](https://www.globenewswire.com/news-release/2020/12/08/2141772/0/en/Novo-Nordisk-Completes-Acquisition-of-Emisphere-Technologies-for-1-35-Billion.html) Novo Nordisk Completes Acquisition of Emisphere Technologies for $1.35 Billion +* [RUSH](https://www.globenewswire.com/news-release/2020/12/08/2141769/0/en/Rush-Enterprises-Inc-Adopts-100-Million-Stock-Repurchase-Program-and-Announces-Holiday-Employee-Gift.html) Rush Enterprises Adopts $100 Million Stock Repurchase Program and Announces Holiday Employee Gift +* [WSFS](https://www.globenewswire.com/news-release/2020/12/08/2141771/0/en/WSFS-Financial-Corporation-Announces-Closing-of-Senior-Notes-Offering.html) WSFS Financial Announces Closing of Senior Notes Offering +* [CVM](https://www.businesswire.com/news/home/20201208006170/en/CEL-SCI-Announces-Bought-Deal-Offering) CEL-SCI Announces Bought Deal Offering + +***Upcoming Earnings:*** + +* [Earnings Calendar](https://finance.yahoo.com/calendar/earnings/) +* [Earnings Calendar II](https://tradingeconomics.com/earnings) + +\----------------------------------------------- + +**Other Useful Resources:** [**The Ultimate Quick Resource For the Amateur Trader.**](https://www.reddit.com/r/pennystocks/comments/hcja2q/the_ultimate_quick_resource_for_the_amateur_trader/) + +Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on [**The Twitter Link Here**](https://twitter.com/TradingAnalysi2) . Alerts in the tweets will direct you to the daily brief in this sub + +***WARNING: It is up to you to judge the accuracy and veracity of the above before trading. I take no responsibility for the accuracy of the information in this thread.*** +Just curious if anyone's portfolio consistently makes more money in a year than they earn from their job? + + +I was laid off last August and still haven't found a job. Due to some inheritance, I have actually made more money (on paper) in the stock market YTD than I did all last year. So far, the asset I inherited, has increased in value a little over $19,000 since January 1st. + + +Disclaimer: I had an entry level sales + commission at a very poorly run startup that paid pennies. +Over the last 9 months or so, I have joined countless financial forums and tried to learn as much as possible. I kept putting off throwing a plan together and getting feedback for a couple of months now, because I feel like I still have a lot more to learn and figure out before I have a fully baked out plan I can execute on. However, I feel like it is necessary for me to get feedback at this point, so I can continue my research and further develop out what I want to do. Thank you in advance for time and guidance! + +&#x200B; + +**Goal -** Reach about $60,000 in passive income in 10 years. + +**Approach to the Market -** I currently have a small trading account (about $9k) I used to get some hands on experience in the market over the last 9 months. The account was through RH, but now that I am looking to get more serious I have transferred the account to Fidelity. If there is a market correction/significant dip this year (no one has a crystal ball), I plan to take a good portion of my cash (about $60k) and invest into the market at a 60/30/10% split between dividends, long term growth, and day trading. + +* **Dividends** \- The list of dividend stocks on the attached sheet are a list of stocks I've come across during my research. I have a feeling I will need to scale back on the amount of unique stocks on this list and take a more focused approach. I did a hypothetical spread of how much of each stock I would own, and matched it fairly close to the Recommended Sector Spread through Fidelity. \*\*\*NOTE - I do not have and Real Estate plays on this list, because I am investing in Real Estate on the side on my own.\*\*\* + * Essentially I would like to settle on a well rounded, long term list to dump a good amount of cash into at the beginning, reinvest the dividends, and add an additional $500-1,000/month to purchase more shares. +* **Long Term Holds** \- I feel like I should have some positions that I bet on as a potential long term boom (like Tesla, Amazon, or etc.) since I am still only 30. I currently hold BB and PLTR as long term plays, and have found some other potential symbols during my research. I need to understand how I would evaluate my positions here and probably need to do a better job diversifying. *\*\*NOTE - I bought BB when it was around $5, before it rocketed with all the GME stuff. In retrospect I should've sold when it was in the $20's, but hey I got greedy and wanted $30 and would of gotten it if RH didn't block the trades lol. That being said, I still believe in the future value of BB.\*\** +* **Day Trading** \- I think I should invest the last percent into day trading just so I can stay involved in the market and maybe have some wins here and there. Also, the theory is that if I can make some good returns here I can put it back into my dividend plays. + +&#x200B; + +[First Crack at the Plan](https://1drv.ms/x/s!AlDQkN0owJMWjyBq1qVbE-gbWzqv?e=QAWVBX) +I’ve been a long term holding of T and have slowly dollar cost averaged as it went down. It broke 28$ today and seems like it may keep going down. What is everyone’s thoughts? +*The following is my opinion, NFA, Always, Always, Always do your own DD. It's just a good habit and the more people that do it, the less powerful Wall Street is.* + +So my problem with options has always been, how can anyone be sure they are being hedged properly. Please don't say the law, the law only applies after the fact. + +The way I see the situation is simple. We're blind, and the other side can see EVERYTHING. If this is survival, then nothing is off the table. So if they see someone buy a call that they know the person can't execute, no need to hedge. If they see someone buys enough calls that they can sell a bunch and execute one, they need to hedge one. Why? That's how I would do it if I was on the other side and survival was on the line. Pre-Jan it wasn't about survival. Post-Jan it is. Not to mention those pre-Jan options had strike prices at like 5-10-20 dollars. Everyone and their grandmother could execute. + +So it's not just being able to afford the premium, it's also being able to execute. Otherwise who on earth is going to call them out on not hedging? Do they HAVE to hedge or is it something they should do to cover their own risk? If they HAVE to, who is going to really enforce it? The only way to really enforce it is to execute on it. If that risk isn't there, there really is no risk. + +The other most important thing is time. That is the advantage MMs USED to have but now APES have it. It's why LEAPs make sense but weeklies or even monthlies don't. If there is one thing the last year should have taught everyone it's how important this element is. This is the key part of the script that has been flipped. Near expiry options give this up. + +Also, in my personal opinion, during MOASS, options are worthless. Don't expect to get any shares for your options. While Shitadel is getting liquidated, the last concern of theirs is going to be honouring options contracts. You can take it to court but in terms of rights, you're behind phantom shares in terms of what you're owed. That's what a derivative is. Get in line and good luck getting your payout from a bunch of liquidated parties in court. While the DRS and then the phantom shares start counting their tendies. +I have been at my first ever job at the same hospitality company for the last 8 years, I was given the job through a job agency that I was put into due to my ongoing social anxiety and depression. It is due my personal issues I never got a degree or qualifications in anything that could lead to a different career. + + +Fast forward to now and after a lot of life progress, but still definitely not 100%, I have come to the realisation that this industry will never progress me further financially in life as well as the god awful hours, the maximum I could ever earn there, and have, is $45,000 pa. I have my budgeting down pat and is something I am very proud of, it is now how much I bring in that is the issue. I run a "side hustle" that does fairly well but does not compensate the low salary of what I get at my job. + + +I have been referred back to a job agency again that specialises with people with my issue, which brings me to my question to which could be compared to the question "how long is a piece of string?" + + +What is the average Joe's 9 - 5 salary? What is a typical salary that doesn't really require a degree in something but is also a step above hospitality and retail? Does anyone have any insight? it is a new world I have never looked into. + + +I appreciate anyone who spends the time to answer this. Thank you. +There's been a couple of posts about this in the past but it needs to be said again, Computershare needs to implement a two-factor authentication system. Their Australian website already has it. There's an insane of money currently being held in these accounts, and they have one layer of protection. I understand they're running off old systems, but surely something can be done here. +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? +Recently I had a big fight with my parents that went south very quick. They told me I have two weeks to move out and since I work for my dad I am now jobless. I have about 5,000 saved up and another 5,000 invested into stocks. Looking for advise to help me getting past this situation. Any help is appreciated! +Guten Morgen to this global band of Apes! 👋🦍 + +What an exciting time to be a HODLer with Diamantenhände! As the financial media attempted to spin a narrative that Apes were beginning to experience fatigue at being invested in this great company, we watched as the price steadily rose, finishing up nearly 15%. The borrow rates continue to be incredibly high (and rising!), while a new DRS record was achieved yesterday. The volume of the final 75 minutes was also highly unusual, which makes me wonder if there was a whale increasing their position or an institution reducing its short position. Whatever the underlying reason, it is days like yesterday reiterate just how great it is to HODL GME. + +Even bigger than all of that was the apparent coordinated announcements from content creators who will be listing items on the upcoming NFT Marketplace. This foreshadows an imminent launch, which will be another step forward for GameStop's plan to revolutionize the business. I am eager to see what these independent creators have to offer, as I am convinced that they will be a pillar of the NFT Marketplace from the very beginning. As GameStop crafts deals with larger industry partners, they will be able to point at the robust L2 economy that these independent creators help drive. + +Today is Wednesday, June 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$139.62 / 130,95 €** *(volume: 5039)* +- 🟥 115 minutes in: $141.96 / 133,15 € *(volume: 4086)* +- 🟥 110 minutes in: $141.99 / 133,18 € *(volume: 4021)* +- 🟩 105 minutes in: $142.00 / 133,19 € *(volume: 4009)* +- 🟥 100 minutes in: $141.97 / 133,16 € *(volume: 4008)* +- 🟩 95 minutes in: $142.43 / 133,59 € *(volume: 3753)* +- 🟥 90 minutes in: $141.57 / 132,78 € *(volume: 3658)* +- 🟩 85 minutes in: $141.71 / 132,91 € *(volume: 3001)* +- 🟥 80 minutes in: $141.63 / 132,84 € *(volume: 2981)* +- 🟥 75 minutes in: $141.64 / 132,85 € *(volume: 2977)* +- 🟩 70 minutes in: $141.87 / 133,06 € *(volume: 2705)* +- 🟥 65 minutes in: $141.19 / 132,42 € *(volume: 2070)* +- 🟥 60 minutes in: $142.04 / 133,22 € *(volume: 1226)* +- ⬜ 55 minutes in: $142.30 / 133,46 € *(volume: 1144)* +- ⬜ 50 minutes in: $142.30 / 133,46 € *(volume: 1112)* +- ⬜ 45 minutes in: $142.30 / 133,46 € *(volume: 1111)* +- 🟩 40 minutes in: $142.30 / 133,46 € *(volume: 1103)* +- ⬜ 35 minutes in: $141.82 / 133,01 € *(volume: 990)* +- ⬜ 30 minutes in: $141.82 / 133,01 € *(volume: 957)* +- ⬜ 25 minutes in: $141.82 / 133,01 € *(volume: 926)* +- 🟥 20 minutes in: $141.82 / 133,01 € *(volume: 901)* +- 🟩 15 minutes in: $141.87 / 133,06 € *(volume: 835)* +- 🟩 10 minutes in: $141.79 / 132,99 € *(volume: 825)* +- 🟥 5 minutes in: $141.53 / 132,74 € *(volume: 723)* +- 🟥 0 minutes in: $143.33 / 134,44 € *(volume: 247)* +- 🟩 US close price: $146.50 / 137,40 € *($143.70 / 134,78 € 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 1.0662. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Any estimates/anecdotes about how often people end up losing money on their initial foray into buying rental properties? I'm in the early stages of putting together a plan to buy property\(ies\), and trying to think through a worst case scenario and my risk tolerance. + +Everywhere I turn there are glowing stories about how much money people are making and the benefits of passive income streams, but not a lot of cautionary tales. +>The complaint details Microsoft’s illegal and anti-competitive practice of abusing its market dominance to extinguish competition in breach of European Union competition law. Microsoft has illegally tied its Teams product into its market-dominant Office productivity suite, force installing it for millions, blocking its removal, and hiding the true cost to enterprise customers. +> +>“We’re confident that we win on the merits of our product, but we can’t ignore illegal behavior that deprives customers of access to the tools and solutions they want,” said Jonathan Prince, Vice President of Communications and Policy at Slack. “Slack threatens Microsoft’s hold on business email, the cornerstone of Office, which means Slack threatens Microsoft’s lock on enterprise software.” + +[https://slackhq.com/slack-files-eu-competition-complaint-against-microsoft](https://slackhq.com/slack-files-eu-competition-complaint-against-microsoft) +Has anyone else had luck buying heaps of way otm 2 cent contracts that 2-3x in value? I purchased 10 NKLA 5$ puts for 2 cents and just sold for 5 cents a piece when IV is a little higher. This seems to happen a lot. Just wondering if anyone else has had luck doing this? My only regret is not buying a bunch more. I suppose the danger of buying a lot of cheap contracts is not getting them filled. + +In short, the strategy is anticipating that a stock sentiment will become bearish, so buying super cheap options as they seemingly double in value faster. + +Any input? + + +Edit: for those who want to know what i learned in comments. + +1.) Commisions can ruin you. + +2.) Not extremely reliable and know what your target is on the tail end. + +3.) Gamma and vega is better to watch on these trades. + +4.) Im at 86 Brattle Street Cambridge, MA 02138 +Was just wondering if it's possible to insure a body part. Stemmed from a discussion I recently had when I realized, for example, that my hands are very critical for my job (copywriting), and if something were to happen to them, I'd struggle. Voice typing may help but I still would like to explore options if any. + +What have been your experiences? What are your thoughts? +I will take the example of someone i know X + +X buys an independent house in bangalore DURING the property pre-"bubble" time. Let's say the year was 2004. + +The total cost of the property was 17,00,000 in 2004. + +But X has also availed home loans , and after adding interest amount to this number - The total purchase price goes up to 22,00,000 in 2004. + +So , Now the property was purchased for 22 lakhs in 2004. + +Fast forward 2020, The property is now worth 70+ Lakhs! + +Voila! Brilliant investment! the property has increased in value by ~218%. + +Good deal!!! Right?!!!! + +WRONG. + +The annual inflation rate in India averages to 6.5% over the last 17 years (2004-2020) + +So that same 22 Lakhs in 2004, After inflation adjustment, Becomes 62 lakhs in 2020!! + +So its give or take barely a profit of 8 lakh. + + + +This is the case with independent house!(plot). + +Now imagine the fate of flats and apartments! + +At these inflated rates, MOST people will LOSE money on buying property! Yet i still see even educated folks putting all their hard earned money in property! + +So what am i missing when it comes to investing in property, Am i wrong in my thoughts? +Eve of the weekend topic for lawyers and other professionals. What will be your walk away trigger? Hitting you minimum number? Hitting your target number? Stress? Boredom? Wanting to give back? + +Any ideas on how you will scratch that “need to achieve” itch? +I'm a month into a position that was considered a "lateral move". Before accepting I asked to see a pay quote and was told that it wasn't a move up, just to another division so my pay would stay the same with an hourly rate and OT rate of 1.5x. + +HR just emailed me saying oops, it's actually base pay and bonus eligibility and oh ya it's effective as of your start date a month ago. My new role is very heavy on ot, easily 15+ hours a week so this robs me of a significant amount of pay and effectively drops my hourly rate by ~$10. Our bonuses are slim to none with no guarantees of any money at all. + +Can I fight this or am I SOL? Anyone been in a similar situation? + +**Edit:** Just to clarify + +* I'm going from hourly pay (including 1.5x OT rate), to base salary with possibility of bonus (significant cut in pay given how much OT I put in) + +* I e-mailed HR about pay before accepting and was told I'd keep my hourly setup + +* 1 month after accepting, they are now telling me they made a mistake and that I'll receive salary + bonus (if any) + +**Edit 2:** +Whew, didn't expect so many replies... I'm meeting up with HR tomorrow. I'll be bringing the printed e-mails to show them, and we'll take it from there. I have plenty of leverage on my side, but we'll see. + +On an unrelated point, I can't say I'm a fan of the "just quit" method here. Sometimes its not so easy to do, regardless of savings or pay. That said, keeping an eye out for better opportunities is never a bad idea. +Me (27f) and my fiancé (29m) have been together for 10 years, and we finally got engaged this summer. As a couple who is already living pay check to pay check, I know that a wedding is a going to be difficult to save for. +Here are some of my ideas: +-I’m making my own wedding cake and cupcakes. My mom is going to help with this. +-I am making handmade invitations to everyone +-We are hoping for a “potluck” kind of thing where everyone brings some sort of food or side or beverage, however I want to be able to supply food in case no one brings anything. (That would be a nightmare...) I am having trouble coming up with ideas for 45+ guests that I can make in bulk and do not need to be microwaved. This is probably my biggest issue. +-my dad is going to be “the photographer” +-I’ve saved $200.00 for my dress and plan to thrift it. A lot of people are picky about not wanting a dress that someone else has worn, but at this point, I just want to look good and feel good, while also not killing myself over the price. +-we are having a wedding in my fiancé’s parents backyard #free but might need to rent tents and porta potties. +-Hair and makeup will be done by me or my sister. + +I’m not concerned with keeping up some fancy wedding scheme or something over the top. I love my fiancé and want to make the day special and beautiful for us without destroying us financially. Do you have any suggestions or experience? +Long story short, a large portion of our company got laid off earlier this week including myself, due to an upcoming recession. I’m considering filing for unemployment until I’m able to secure another decent job. As much as I don’t want to, I fear I don’t have enough saved up right now to last me a while. Are there any downsides or caveats I should be aware of before potentially filing? +** Edit : apparently "maid" is being taken as offensive by some people? I was under the honest impression that a "cleaner" only cleaned and a "maid" cleaned and did laundry, tidying etc as well. Don't understand what is offensive about this as I see vans near where I live with "maid service" on the side?? ** + + +I live alone in a 2 bed house in a low cost of living area. Take home around £2600 a month and get by okay. Thing is I really hate cleaning and tidying and feel like I quickly fall behind and then suddenly need to spend a day on my weekend cleaning. + +I'm not particularly dirty and always do my dishes as soon as I've eaten etc but I feel like laundry and just general clutter appear out of nowhere when I'm rushing back and forward to work etc. Also putting myself through a degree on my evenings and weekends so free time is valuable these days. + +I'm not rich by any stretch of the imagination so is it stupid to pay for a maid to come once every week or two and just do all the big stuff for me? What is the going rate for a decent maid and is it worth detracting from my savings goals to save a bit of my own sanity? + +Any other people who aren't particularly high earners who can justify it to themselves to pay for a maid or should I just get a grip get used to doing more housework myself? +TL;DR +45F trying to claim excessive, previously present damage in a very minor traffic incident against a young driver (M19) + +Hi everyone, +I’m looking for advice on what I can do next. + +In July this year, I (M19 on green P’s) was driving my ute (in Queensland) when a small plastic lid (weighing less than 300g) flew off the tray and hit the windscreen of the driver following me (it was a plastic lid of a very light quality 60L bin from the $2 shop). No other goods were lost. + +After realising my load had moved (after maybe 10-15km), I stopped to secure my load again when the driver(~45F) pulled up and read me the right act, they did not provide me nor ask for any details regarding insurance or names ect. + +After I looked at the damage to her windscreen which I rubbed with my finder and removed the majority of the 10cm white plastic mark, she got back in her car and sped off before I got a chance to take any photos. +I only narrowly got a photo of her number plate as she drove off. +I had a passenger who agreed that there was very, very minor damage, she did not have any passengers. + +Fast forward over 4 months, I receive a letter of demand from her insurance company for $2400. +She is trying to claim a complete repair of her roof and bonnet as well as 12 days of hire car use. The car was clearly previously damaged (I should have gotten photos of the rest of the car) and with the low damage that the plastic lid could have caused, this claim seems very excessive. + +I could have understood if she had claimed a new windscreen (at the very most) or windscreen polish (the windscreen was only scratched) however she is trying to claim all damage to the front end of her car. +She is trying to claim damage on the bonnet and roof even though after the incident she said that it only hit her windscreen. + +Upon inspection of the claim receipts, she did not get the car inspected for 3 weeks after the incident and the repair invoice states “0 repair days required” so it makes me question why there are 12 days of hire car use. 1 or 2 days I might be able to understand but not 12. + +It definitely feels like she (who is old enough to know how to pull this sort of thing) is taking advantage of me because I am young and inexperienced. + + +Is there anything that I can do to argue the amount claimed? +Thank you I’m advance +Given NKLA’s response was [flat](https://www.barrons.com/articles/nikola-disputes-short-seller-report-additional-detail-stock-falling-alternative-fuel-truck-51600092110), so far as showing linkedin employees (almost none of whom were previously in EV), Hindenburg has responded back, resulting in NKLA down 6%, to $33.74 in premarket trading.  + +Hindenburg Research says Nikola’s response yesterday was a “tacit admission of securities fraud.” + +They go on to say: “We included 53 questions at the end of our report that we believe shareholders deserve answers to. The company promised a full point-by-point rebuttal, but then only responded to 10 of our questions. Of those 10 responses, the company debunked nothing. Instead it either confirmed or sidestepped virtually everything we wrote about, and in some cases raised new unanswered questions...” + +Further saying: “In our report, we explained how the company released a video called ‘Nikola One in Motion’, which made it seem that its Nikola One semi-truck was traveling under its own power at a high rate of speed. Angles in the video were edited to make it appear as though the semi was moving on a roadway that was flat, or even uphill. In Monday’s response, the company acknowledged that its vehicle was not functioning under its own power, and instead, was apparently simply showcasing the power of gravity. It claimed that using the term ‘in motion’ dispelled the deceptive nature of the video. We disagree. Beyond common sense, the company referred to the Nikola One as ‘the 1,000 HP, zero-emission Nikola One semi-truck’ in the description of its video. Obviously, the truck can’t have 1,000 horsepower or even 1 horsepower if it doesn’t power itself.” + +For those interested: [Hindenburg response](https://hindenburgresearch.com/nikola-response/). + +So, puts!!!! + +Looking at building a pure Income portfolio. I'm not looking to achieve growth and income both from the same fund portfolio. For Growth I'm planning to have a separate portfolio. + +Anything that yields 8-10% over the years with not much long term erosion would be ideal. Buying now with discounts galore might help? + +Currently have short listed the following funds to achieve the 2k+ per month goal. 2k per month should translate into 8% annual yield. Will be targeting 10% yield given the drop in fund prices in recent weeks and months. There would be a 15% dividend withholding tax for UK investors- so 10% yield would mean its net 8.5% yield. + +The funds I've researched and short listed are GOF, RA, CLM, (JEPI and JEPQ if broker has them), IEP, ARCC and possibly PDI. Any thoughts /feedback on the allocation? + +Any other suggestions or asset classes that could generate 2k + monthly dividend /income from 300-350k capital with least erosion? + +Cheers! +I recently sold my wife's for £7.5k. I purchased it a year ago for £8k. I thought it was a good deal then i saw the buyer, who is a car dealer up north, has listed it for £9.9k. £2k higher than what i paid a year ago. +We went to a massive car deal in London yesterday to look at buying a replacement car and the prices were 10% to 20% higher for non luxury cars compared to a year ago +Citigroup: http://www.google.com/finance?q=NYSE:C + +Bank of America: http://www.google.com/finance?q=NYSE:BAC + +Morgan Stanley: http://www.google.com/finance?q=NYSE:MS + +RBS: http://www.google.com/finance?q=NYSE:RBS + +UBS: http://www.google.com/finance?q=ubs + + + +Looks like a bloodbath out there. +Hi all! + +Firstly, I know everyone’s circumstances are super different but hoping just for some ballparks. + +My fiancé and I are getting married later this year (bye bye $) and are also saving up to buy a home. + +The old biological clock is also ticking and so we’ll likely try to start a family in the next couple of years. + +I’m a bit of a planner and am trying to get my head around everything I might need to factor in when considering our expenses and future mortgage. + +So am hoping to get a little advice on the approx yearly costs when you start up a family? So naive on this one! + +Thanks in advance for any advice or info, just want to make sure we plan for a mortgage that is realistic for us if our expenses go up! +I am looking for some advice on developing land and building cabins. I am looking at purchasing acred and putting cabins on it. The land is undeveloped so I need to put in electric, well, and a septic syem. I am wondering if someone has ever developed land before and put these components in/on it. I am looking for advice on what to look for when developing land and the cost associated with doing so. + +Edit: I am trying to do this in western maine. + A coworker of mine has a 2 family house, raised ranch style, that he wants to get rid of so he can retire and leave New York + +He bought it for 280k back in 2013 as a bank owned foreclosure. The house has has an "upstairs" tenant family for many years now and they have always paid the $3100 a month rent on time + +The house is in Cortlandt New York which is upper Westchester and a very desirable area for families + +He is offering it to me before he puts it in the market. Based on the market and the area he thinks he can get $500k for it. I said I could do $450k + +The downstairs apartment is smaller than the upstairs and I would plan on living in that apartment, so I would be paying the mortgage with the upstairs rent + +The taxes were 17,000 a year but he managed to get them lowered to 13,000 somehow + +I am thinking about it, but I am not a landlord and have no idea what I am doing + +Does this sound like a good investment? Should I buy the house in my name if I plan on living in it? +Right now NYS has a good cause eviction bill in the works. Essentially it boils down to: you are forced to renew a lease at up to 103% of the original rent. + +Somewhat scary. Will the movement end there? Could any state or city government tell you exactly what to charge rent and to whom you must rent to? What is our recourse if they try to pull something extreme? + +I see these politics as one of the biggest risks to my portfolio and future. +Hi all! Experienced trader here. I’m studying programming and interested in scripting algos. + +Just wondering which platforms some of you use and the approaches you take. I’m learning python & have looked into Quantopian. I mainly use ToS to trade and have seen a few people with custom scripts and algos made for ToS. + +So basically just wondering how some of you do what you do, it’s very fascinating to me! Looking forward to hearing from you all! :) + +Also any advice for learnings/excercises/algos is highly appreciated. Stories, anecdotes, advice, I want to hear it all! Ty! +As many of us may know right now. The USA has been hit by 6 tornadoes and its a giant Warzone. + +First of all, + +I hope you and your family and love ons are all well, second is there anything we can do as a community? + +I know this isn't a GME related post. but god damn some things are more important. + +Edit: please people show some mercy, we are talking about peoples lives here. I know it is not GME related +but it is APE related. as we are a global community. + +Edit2: thnx for the awards apes, but use that money to help the victims of this disaster. + +Edit3: for all apes that do want to help : https://www.wkyt.com/2021/12/11/how-help-western-kentucky-after-devastating-tornadoes/ +"The compromise will sweep out the $429 billion in unspent CARES Act funding for the Federal Reserve’s credit lending facilities and repurpose it as an offset for a new $900 billion coronavirus relief bill, GOP sources said. + +The deal will close four Federal Reserve credit lending facilities created by the CARES Act and will prevent the Fed from standing up replica facilities in the future without congressional approval. + +Those four programs include the primary market corporate credit facility, the secondary market corporate credit facility, the Main Street lending program and the municipal credit facility. + +The Fed will retain more flexibility over restarting the Term Asset-Backed Securities Loan Facility." + +[Lawmakers reach compromise over GOP proposal to rein in Fed’s powers, clearing path for a stimulus package deal](https://www.washingtonpost.com/us-policy/2020/12/19/stimulus-talks-race-against-government-shutddown-deadline/) +For reference, last week I made a post about spending extra money on groceries so I could treat myself and help ease my mental strain despite being really tight on cash. Since then, I've had at least five people send me messages with referral codes to stock apps or crypto apps, usually saying something like "you're tight on cash, this can help you so much" or "I can tell you need it". Frankly, a lot of them seemed to be copied and pasted. I can hardly afford ingredients for fried rice, what on earth makes you think I have extra money to spend on stocks and trading? No, I'm not going to use your referral code. No, that $30 bonus stock is not enough incentive for me to pay the other fees those apps charge. No, I can't afford to wait six months-a year for that stock to actually make me money because my bills are due next week, not in a year. I respect the hustle, but at the same time shame on y'all for trying to capitalize on other people struggling. Me not being able to afford nice food is not an invitation for you to try to sell me Bitcoin, and doing so is just tone deaf and straight up rude. If you're in this thread and considering sending more people referral codes or a paragraph explaining why dogecoin is the answer to all our financial crisis; just don't. +https://www.bloomberg.com/news/articles/2018-12-22/trump-said-to-discuss-firing-fed-s-powell-after-latest-rate-hike?srnd=premium + +> President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate increase and months of stock-market losses, according to four people familiar with the matter. + +> Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the president’s latest bout of anger will dissipate over the holidays, the people said on condition of anonymity. Some of Trump’s advisers have warned him that firing Powell would be a disastrous move. + +> Yet the president has talked privately about firing Powell many times in the past few days, said two of the people. + +> It’s unclear how much legal authority the president has to fire Powell. The Federal Reserve Act says governors may be “removed for cause by the President.” Since the chairman is also a governor, that presumably extends to him or her, but the rules around firing the leader are legally ambiguous, as Peter Conti-Brown of the University of Pennsylvania notes in his book on Fed independence. +I bought my first home in 2017 as a fixer-upper. I spent about 50k modernizing it and about 2 years of my time. It was in a rural area, and I wasn't really prepared for country life, so my wife and I became rather miserable being so far from our families. I sold the home last September at a profit when people were desperate to leave cities and buy rural properties and find a better place to live. + +Since then I've been living at my in-laws with my wife and daughter waiting for the market to cool down a bit. The inventory of houses has been getting better, but not the prices. The average sell price in our area is around 450k compared to 300k a year earlier. + +Interest rates are low and I can afford a house up to 600k, but I'm nervous taking out that much money. Do I run the risk of buying a house at an expensive price at a low interest rate, or if I have to move in the future will I be stuck if the market normalizes? What other risks come with buying an expensive house? I doubt waiting will put me in a much better situation either. Am I missing something? +My mother and I are not on the best terms, and not really in contact. Historically, she's been terrible with money and has racked up a terrifying amount of debt. She was fore closed on when I was in college and took out a loan in my name without my permission to get back on her feet. This has since been handled out of court (I tried to press charges and the police shamed 19 year old me for wanting to "do that to [my] own mother" - I shouldn't have let them talk me down) and it's set to drop off my credit in about six months, I believe. I cut ties pretty definitively after that. + +I have recently found out through another relative that my mother has now racked up an enormous amount of credit card debt - somewhere in the range of 40k, in addition to a giant mortgage- and is also now having serious health issues and is probably only going to compound that debt with medical bills. + +This relative informed me that she was telling me so that I would be prepared because this was the "legacy" my mother was leaving me and she (the relative) thought I was only fair I know. I'm having trouble finding a definitive answer by googling, so... am I liable for this debt of my mother's once she dies? She has no savings, she lied paycheck to paycheck, it's not like there will be anything when she dies to pay it off with. The relative that called me seems completely convinced that it will be on me to pay off her insane debts. Is that true? I can go my entire life making smart choices and never carrying balances and my mother can screw all my financial planning up by racking up insane debts and then dying? + +Tl;dr: Do I inherit liability for my mother's debt when she dies? +California, I am her POA (can't form a trust, POA from local legal aid wasn't strong enough much to my surprise yesterday) can refinance her mortgage. There isn't a possible outcome where my mother will be able to sign a new POA or trust before death. + +Her loan is atrocious (4.75%, 2400 inc. taxes) & more than we can sustainably afford without her monthly retirement (income from divorce will expire with her) & her SSI. Worried about our families ability to pay that with her house tied up in probate for 4-6 months. Immediate family was planning on renting it out as a way to pay for the mortgage & keep the asset in the family. 200k mortgage on a house valued \~ 600k. My mom doesn't have any assets we can sell & we have to spend down approximately 5k to qualify for Medical to pay for her hospice. So after she passes, factoring burial costs, we will take on the burden of the mortgage without funds to float us. I have approximately 6k stocks I can sell to help float, but idk if I will be able to recoup that in any reasonable period & was hoping to save that for retirement (28 years old). + +She barely qualifies for a conventional mortgage refi at the moment \~3.4% 1800/ inc. taxes (high debt i.e. mortgage to income ratio). We were waiting a few months to build my grandma's credit (no credit history) to cosign & refinance with a much rate i.e. \~2.3% no upfront costs on either. + +Now that we don't have the time to wait for that does trying to get a quick refi through on my moms income make sense? + +Close family who would inherit don't make good refi mortgage candidates after probate. Brother (already has mortgage on his own home, lost job due to Covid, went back to school on GI bill), other brother (living on SSI due to disabilities), me (student debt balance surpassing yearly income, work as a server & COVID wrecked my income this year). My brothers wife is willing to be a guarantor ( high income but on brothers mortgage) cause she's an angel, but that isn't ideal. My Grandma is willing to be a guarantor but only makes \~30k (no debt) & her health is very fragile so I worry about betting on that income if we have to wait months on end for her credit + probate. + +All that being said I already have all my moms documents summitted with a local broker from our previous refi attempt before we realized my gram had zero credit. I think it would be fairly easy to get the process going in the next few days. + +I just have zero idea whether that is a good idea or not, or what happens if my mother dies during the process, or how long the loan process will take? If she dies during that process will we be left with additional fees added onto mortgage without the lower monthly bill from completed refi? + +If you have any questions or need more info, to help make judgements let me know. + +Very stressed & juggling a lot right now. Some financial direction or any insight would be extremely helpful. + +Update*: Just got off a call with one of the brokers I had previously been shopping with. He said that there is nothing legally wrong with what I'm doing & that it's exactly what the Power of Attorney is for. He said the turn around for his company was 30 days, & that if my mom dies before the refinancing is complete, it probably ends up null before going into probate. (Rocket mortgage is a great service. Although I was able to find slightly cheaper rates locally.) +As per [this thread](http://www.reddit.com/r/investing/comments/1qn34i/meta_should_we_ban_im_a_who_just_got_how_do_i/), we'd like to hear your comments on taking action to ban these posts. + +Should we implement this ban? If we do, what exactly should be removed? These: + +* I just got $X, what do I put it in? + +* I'm X years old and my financial position is X, what do I do? + +or more/less broad? + +Let us know in the comments and we'll try to put something together pretty soon. + +*** + +**Big EDIT**: There's also a very gray area around giving people financial advice. This isn't the same as /r/malefashionadvice or /r/wicked_edge, financial advice is a highly regulated and serious topic. Really the best answer to a question like this should be "You should consult a licensed financial adviser who can look at your unique situation and offer tailored advice based on his professional experience and proven education in the field." I'm not saying that no one should be allowed to answer people's questions, but seeing advice like "You're young so you should add some risk to your portfolio. Biotech is a good way to do that." always makes me feel very uneasy about these threads. + +Now I feel like there is going to be some pushback around bringing this up, but really these threads *are* asking for straight up specific financial advice, and giving it is pretty unethical. There's a reason you have to go through that long certification process to be a CFP. + +Of course this is just my opinion, but I think that should also probably be discussed when looking at this topic. +Full article here + + +https://www.news.com.au/finance/economy/australian-economy/robodebt-refunds-governments-721-million-payday-to-welfare-recipients/news-story/a6293263d5227d13844686bcf469b166 + +And link to services announcement + +https://www.servicesaustralia.gov.au/individuals/news/changes-income-compliance-program + +Good news for people struggling atm. Hopefully it’s a painless experience +California, USA + +I filed my state and federal 2013 in 2017 within the 3-year deadline. My federal refund was large, 5 figures, due to an electric vehicle credit. + +I had a situation with my former employer who gave me a signing bonus of $10,000. Taxes were withheld and the check I received was for $5,612.00. Neither the signing bonus nor the taxes were reported on my W-2. Is wage theft as sexy as tree law? + +I spent about a year emailing back and forth with people in the company and they seem unable or unwilling to correct the situation. I contacted the Department of Labor Wage and Hour Division, they said they don't deal with things like this. I contacted the IRS, they said that they don't take reports about tax fraud (seriously). I contacted several other federal and state resources as recommended by the various departments I spoke with. Eventually, I ended up in a loop of referrals with every department directing me to a department that already said they wouldn't assist. + +I gave up on the company fixing this and lost all faith in government enforcement of the law. I filed my taxes anyway so I wouldn't miss the statute of limitations on claiming a refund. Under the advice of the IRS, I + +* filed my taxes using a 1040, +* a 4852 Substitute for Form W-2 that reported only the bonus at the full $10,000 and listed the various withholding amounts that I was provided with using an online calculator, +* an 8936 Electric Drive Motor Vehicle Credit, +* a 2106-EZ Unreimbursed employee business expenses (professional expenses, unrelated to the bonus), +* a 4562 Depreciation and Amortization (also unrelated to the bonus), +* a letter describing the situation, a image of the cancelled bonus check, calculations showing how I estimated the withholdings on the 4852, a copy of my employment offer that stated the signing bonus amount, proof of employment dates, and a printout from the online calculator that showed the estimated withholdings that matched the exact amount that was withheld, +* and, mailed to a different address, an 843 Claim for Refund and Request for Abatement. + +Everything was mailed certified mail with return receipt. The return took many months to show up in the IRS system. Then I was not processed for a long time and IRS agents said they needed more time. Then after about a year, without notice, the IRS closed the file due to them claiming the taxes were filed many months past the SoL. + +I remailed everything from above with an additional second letter now explaining why I was mailing them in again, the certified mail proof of mailing and the proof of delivery return receipt from the first submission of the taxes, the certified mail proof of mailing and the proof of delivery return receipt from the first submission of the 843, and a copy of the 843. The IRS agreed that I had submitted the taxes timely and started to process them. + +Months went by and every several months I would receive a letter stating that the IRS needs more time to process the return. It's now been about a year since the resubmission and about 2.5 years since the mailing of the original submission and I still don't have my refund. + +The IRS says to keep waiting. Nothing appears to be happening with my return. The IRS won't provide any details if the delay is because they are finally pursuing the company that. + +1. I'm unsure if I will run into another timelimit that will allow the IRS to never issue my refund. +2. I'm unsure if I should file a form or letter to help expedite my refund. +3. I'm unsure if I should be contacting a CPA or attorney to handle this matter. +4. I have been issued a state refund but the refund amount was lowered due to the FTB removing the bonus paid and taxes withheld from the amount, should I contest this? +Not FatFIRE’d but my SO and I are working towards it. + +We are both late 20’s working 65+ hour weeks with HH income ~$500k. We are starting to get overwhelmed with stupid tasks like returning packages, dry cleaning (local one is somehow closed during my commuting hours), laundry, etc. especially as it pertains to places not even being open on weekends. + +What do people in this situation do? I’m not looking for a full-on salaried personal assistant because thats total overkill, so I don’t really even know what to search or how to find someone that we could, for example, pay $x/hour to do xyz things for us on an as-needed basis. + +I imagine a maid service might also offer laundry services. But for these one-off errands I don’t know how to handle them. + +Sorry if this is a naive or stupid question, nobody in either of our families have ever had this lifestyle, and we both earn significantly more than our friends do so it’s not like we’re surrounded by people with these types of problems. +TL, DR: $PLTR is **a huge long play** and the company has its toes dipped in essentially every single industry. + +Here are some fundamentals: market cap 44.6bn, 2020 revenue 1.1bn (482m from commercial, 618m from the government), and consistent earnings beat. + +In 2020, their revenue increased by 47% and they signed 21 contracts during Q4 2020 (21 in 13 weeks = **avg 2 contracts a week last quarter**) and they are working with 8 companies of Fortune 100, 12 of Global 100, and 24 of Global 300 (LARGE potential growth in the future). + +From 2019 to 2020 they increased their revenue from the commercial sector by **107%.** This is very important as the commercial sector is where they will profit from the most. + +Palantir currently has two products Gotham and Foundry, with Gotham being used mostly by the US government and Foundry is for the commercial sector. Essentially these two software work by integrating with the customer's existing system and simulating different operational models and outcomes for different decisions that the customer makes. To me, this technology is revolutionary as proven by how unpredictable the state of the world economy is right now. + +A few of the big names that are working with them now is **IBM**, **PG&E**, **BP**, and many hedge funds and banks, and a big one recently is a 31m contract with **NHS England** where they are working to handle vaccine allocation **(**this is significant as the UK is facing a historically tough recession**)** + +They have been consistently working with the US government on multiple contracts using Gotham, from finding bin Laden to verifying Iran's nuclear presence in 2018. Palantir is **one of the four** institutions that were given DoD IL-5 and on their way to DoD IL-6, to give you a scale Google is DoD IL-2 and Oracle is DoD IL-4, meaning they are responsible for handling extremely sensitive information for the DOD, their most recent contract is *project Maven*. Essentially Palantir is the CIA's AI twin. + +Looking back at the fundamentals, especially with the P/S ratio of over 40 right now, it can be overpriced to get in. But in the near future, PLTR will be the best stock to hold for 5+ years as the sky is their limit. + +Edit: forgot to put my position 300 @24.9 +So a few weeks ago my boyfriend was in a serious car accident and had to have a leg amputated. He’ll be permanently disabled for the rest of his life obviously. + +He’s just turned 20 and has no family, so there’s no one to oversee his care other than me. + +He was working as a scaffolder for a friend, so no sick pay. He was renting a room but when it became clear he was going to be in the hospital for the foreseeable future he let them know he was giving it up. + +I basically feel overwhelmed with how to handle the situation and need advice on several things: + +1. I need to start Universal Credit & PIP applications for him but not sure how it all works while he’s at the hospital and doesn’t have an address. + +2. His housing situation - he doesn’t have anywhere to go after they release him from the hospital - can they just put him on the street? I live at home with parents in a flat on the third story, so he can’t move in with me. I’m guessing he will need a council place on the ground floor, and probably 2 bed because he will need a live in carer, especially for the first year. How do I start the process for that? How do I phrase it so he gets what he needs? + +3. He has had some advice from the hospital but the unhelpful thing is that random people will come and talk to him while I’m not there, not leave any contact info, and then when he repeats it back to me he’s not with it enough to process what they’ve said. Is there a way to make the hospital include me in conversations like that? I need to get registered as his carer I guess. But should he have some sort of key worker or social worker to coordinate things for him? + +I’m probably forgetting a load of stuff and some of this isn’t strictly finance related, but I appreciate any advice you have. +The market is now at a critical technical crossroad that will determine how the rest of 2022 will play out. Since 1950, NO bear market relief rally was able to break through and surpass the 0.5 Fibonacci retracement level WITHOUT THE BOTTOM ALREADY BEING IN. NONE. + +If SPY can break through that 0.5 Fibonacci level at $420, I think it's fair to start saying that we're beginning to see the end of this bear market. Notice how in the 2nd graph down below for SPY from 2000-2001 how SPY was rejected at the 0.5 Fibonacci level **almost exactly to the dollar** before reaching lower lows during the dotcom crash. + +But that was 2001. The pressing question is how 2022 will play out. Only time will tell. But inflation is improving, earnings haven't taken a major hit, the job market is still strong, and GDP hasn't contracted that much. Maybe the FED will pull off a soft landing after all. My hope is that's what ends up playing out, but either way, **I'll be there for the ride up or down**. + +Edit: As some have pointed out here, SPY did briefly fall 20.01% from its high in January of 2008 only to break the 0.5 fib level and then falter in 2009. **But that was an intraday move in premarket**, and the market ended up closing higher. In other words, it wasn't a true bear market, and the statistic I laid out here still stands. Still, even so, the past doesn't always predict the future, and anything can still happen. With that said, I still think it's a powerful technical level/statistic that has held so far. + +https://preview.redd.it/9t37vjdhdyg91.jpg?width=1766&format=pjpg&auto=webp&s=97e02076810252cf5e5590b58602da0e48af5850 +I've been trading part-time for a few years now. I put way more screen time in last year than the previous years and thought I was getting good. Turns out of course that I was just in a really easy market. This year has been rough for me. I have buckled down recently and reevaluated my strategies but I just can't seem to get it right. I got stopped out of MRIN yesterday and today on XELA. Of course both ripped after I was out. + +I do great when I'm on the sidelines analyzing but as soon as there is money on the line I can't think straight. I even took out my initial investment and only kept my gains in my account to calm me down but it hasn't worked. I'm losing very small amounts now, like $20 or less, but I'm giving up thousands in potential gains by cutting too early. Prior to this I was losing maybe $100-200 on my red trades, which was pretty significant for me. I am really focused on risk management now but obviously I'm either getting in or out too early, maybe both. I can't seem to figure this out. Part of me wants to just walk away but I feel like I'm so close to being successful. I don't know if I'm just fooling myself or if I have any future here at all. +I’ve put an offer in which has been tentatively accepted on a rural property. It’s an hour and a bit from Melb cbd but I could not justify paying 400k for a box apartment. After 10 years of city living I am over hearing other people when I get home. + +Pros. +Space - I was sick of apartment living. +Repayments will be cheaper than my rent. + +Cons. +hour and 20 train to work. +Lack of cafes etc +Ability to meet people for dates. + +I want to travel next year when restrictions are lifted. Would it be dumb to purchase even if I plan on renting in the future? +My boyfriend and I went shopping tonight and our goal was to not go over 200 dollars. We filled the cart up all the way, which made me anxious because I thought we would be over our goal. When we got to checkout and after I scanned all of our items, our bill came to 185! we were shocked that we were able to get such a big haul of food for 185! We should be good for the next 2 weeks. Now I can use the extra 15 toward gas. Cheers. +https://m.youtube.com/watch?v=6bi2XvD0eXw + +This guy didn’t have to go to college, works as an overhead lineman with base pay about 120k, lives in a paid off house with his brother, saves 7k/month typically, has 3 rental properties, has girlfriend but no kids. +YOLO'd all the money I've saved over the past few years into $GME calls, using 20:1 leverage. I can't see how this could possibly go wrong. If I lose this money I'm basically fucked. So yeah wish me luck guys... If I go down I will go down with pride! + + +https://imgur.com/a/EYQ8F4i + + +UPDATE!!!: SOLD, 7K PROFIT LET'S FUCKING GO + + +https://imgur.com/a/jvP84Vl + +https://imgur.com/a/mzDYp2f +So much about FI/RE seems to be about creating a better future for ourselves & our families, anticipating issues that could come up years down the road, and taking action today to make those issues minor bumps in the road if/when they actually come to pass. + +What specifically, if anything, scares you the most about your post FI/RE life? How are you planning for it today? + +For me, it's medical issues. I'm currently single & self-employed, so I'm settling for meh insurance on the exchange, but it doesn't feel like a sustainable solution. I exercise \~5 days per week and eat well, but I know it's just a matter of time until my body starts to fall apart, and I'm hoping to find a spouse with employer-provided health insurance before then, but that's kind of a crap shoot, and that scares the hell out of me. You? +Just wanted to say a big thank you for all the good advice and of course that flowchart! + +After many years of never seeming to have any money I found this place and boy it’s changed everything! + +It’s taken me about 18 months but I’ve finally got my debt paid off, an emergency fund set up and have just opened a pension. +I never thought I’d ever be able to achieve this so I just wanted to say thanks to you all! + +Cheers all! +WSB's greatest advantage is that we pretty much exclusively trade options. That great asset is also our greatest enemy because I would bet 90% of you autists don't understand how they work, so I am here today to try and help you out. + +With such insane spikes in volatility (i.e. rises in IV on the option contracts), it is very easy to get fucked by "IV crush." For those idiots who do not know what this means: IV Crush is when volatility (a key component of the option premium) decreases, causing your option contract to lose value, even if you called the directional move correctly. This happened on Thursday and Friday to many autists, including myself, due to the lower than usual volatility. Now, this volatility can translate to your advantage. If you were long puts at the start of the Rona Bear Market, you would have made massive tendies because you called **the direction and the increase in volatility.** + +As with any market route, there is always a bounce, bull trap, dead cat bounce - whatever the fuck you want to call it. The fact is, we are incredibly oversold, and the markets will experience a partial recovery eventually. What I am showing you is that if you buy calls and the market slightly recovers you called **the direction but will experience a decrease in volatility.** This limits your output of tendies. + +I will use u/Variation-Separate and his call for a short term bottoming around 213 on the $SPY and take his rally to the 270 range. The obvious play if what he says happens is picking up 4/17 220c/230c/240c/250c/260c (whatever your preference) and riding the increase. The issue with this play is that your upside is going to be limited by IV crush. + +Volatility is measured most transparently for the $SPY using the $VIX, which has been pushing records during this market route. Using historical data, I took a look at the market volatility in 2018, 2017, 2016, and 2008 to show you that on relief rallies, after a significant pullback,the $VIX (aka the proxy for implied volatility on $SPY options) drastically decreases during market recoveries. **What this means: your long calls that you scooped up when $SPY was at 213 will not print as much because while $SPY may hit 270 and you will make some money, you are going to get IV crushed by the fall in volatility.** + +**The important takeaway:** on dead cat bounces / bull traps / market rallies, the $VIX significantly pulls back. Put another way, the IV on your $SPY calls decreases when markets rebound. + +**So how do I avoid getting IV crushed on the market rally?** + +Hedge vega (the quantifiable proxy for IV on option pricing). Vega represents the change in an option value for a 1% change in IV. + +The hedge is by going long $SPY calls, and hedging the vega by shorting the $VIX with puts. All you need to do is match up the vega of the $SPY call with the delta of the $VIX put. + +**The Hypothetical Trade:** + +Long $SPY 4/17 240c - trading at 9.65 a piece with a **vega** of 0.2404 + +Long $VIX 4/15 52.5p - trading at 7.90 a piece with a **delta** of -0.2463 + +This essentially creates a vega-neutral position, aka Fuck Off IV Crush You Dumb Cuck. All you need to do is match up the vega of the $SPY call with the delta of the $VIX put, and you will be able to print massive tendies if you call the directional movement correct. However, since option greeks are constantly changing it is best to do this in a shorter time frame, so be nimble. + +It should be noted this can be done using spreads or futures but that is 🌈 People keep bringing up IV on the $VIX, which does exist, and can be visualized with $VVIX. If you want a perfect hedge explore vol futures, otherwise you will face some IV crush on $VIX puts, but the hedge still holds up quite well. + +**tl;dr -** When the market bounces and you go long $SPY calls, avoid IV crush by buying puts on the $VIX. Just match up the $SPY call vega with the $VIX put delta. + +Enjoy the quarantine - 🌈🐶 + +Edit: + +A lot are asking so it should be noted: if you were betting that $SPY would go down with puts, hedging IV is silly because drops in the $SPY almost always correlate to a higher $VIX, so you most likely won’t get IV crushed. However, if you still wanted to be Vega-neutral with $SPY puts, you would still use $VIX puts because Vega is a positive greek and you are still trying to hedge away a decrease in IV. Note: $SPY falling in marginal, incremental amounts can still experience decreasing IV, so hedging Vega on puts is not always a bad idea in a high IV environment. + +Not financial advise, just for educational purposes. The use of specific expiries was to model the Vega / Delta relationship between VIX and SPY +Just a couple of months ago, Rivian delivered its first vehicles, mostly to its own employees. It will only produce about 1,200 units by year-end at its plant in Normal, Illinois. + +To put it in perspective, NIO sold 142,036 electric cars on the most recent 12 months. + +Rivian’s valuation is huge, and its $78B market cap outpaces Chinese EV maker NIO ‘s (NIO) $63 billion market value, and it is more than those of EV start-up Lucid (LCID) and XPeng (XPEV) combined. + +Ford has a market cap of $78.4 billion, GM's is $84.4 billion and Stellantis NV, the former Fiat Chrysler, is valued at $64 billion. + +Quoting An article from a few days ago when Rivian’s was valued at $52 billion … The $52B valuation implies that Rivian will sell 2 million vehicles in 2030, or nearly 2.5 times the number of Tesla (TSLA) vehicles produced over the past 12 months and 66% more vehicles than Honda sold in the U.S. in 2020. + +These manufacturing milestones are highly improbable given Rivian’s lack of manufacturing infrastructure and experience as well as the intense competition it faces in the EV market. +TLDR: Kenny isn’t looking for money to stay alive, he’s warning all his shady friends about how shit is about to hit the fan so they can save their own asses. + +IMO all these flights are SHF, like Kenny, and their associates trying get the insider jump to avoid losing even more. They’re going to let their customers’ money take the hit and protect their own money because they’re spineless. + +If I’m Kenny, then I arrange in-person meetings so that nothing is on record when I tell all my shady friends insider information. Now, when I get investigated for all my dirty deeds, they have no proof for the biggest part of the crime where I saved all the money for me and my friends but let the world burn. + +Edit: almost forgot 🦧🦍💎👋🚀🚀🚀 and also thanks for the all seeing awards. My first. Also if I’m stopping in various countries for a few hours, that’s not enough time to beg for big money to save my ass. It’s only enough time to tell someone we’re getting fucked soon. Like how September OATS to CAT and new margins are too much to handle. +Final edit: I will be staying with the company and pursuing the reevaluation. I think it is worth staying considering the perks of the jobs, work environment, coworkers, boss, and leniency of schedules and time off. They have a good 401k plan I can take advantage of (match 3% for part time workers). Thanks to everyone who left kind words and extremely helpful and thoughtful advice. + +Edit 3: I apologize if I am not able to reply to everyone here. So many helpful people to reply to. I have read all of your replies. Fear not if I didn't reply. Simply too many to reply to since it will get repetitive. + +**I currently work for a large corporate rental company. The pay isn't that great but I love the job and I really enjoy working at this place. My coworkers and my bosses are great. They are very flexible with work schedules and asking for time off. I don't really know how to say bye to all my coworkers. Gonna miss them.** + +**However, I want to make more money since I will be moving on to a 4 year college end of next year. I was supposed to have a reevaluation after 6 months but here we are at 8 months and I have no news or anything.** + +**How do I go about leaving this employer?** + +Edit: Thanks to everyone who replied. I really appreciate all your thoughtful advice and recommendations. I definitely have a few things to think about and prepare for. + +Some have mentioned how I should find a new position first. This post was made prematurely to prepare myself mentally for if and when I do need to quit once I have an offer in hand. + +Edit 2: Many people have made similar comments about finding a new job. Just wanted to clarify that I do not have an offer yet since I haven't sent applications. I wanted to make this post to weigh my options and it has helped me get my thoughts together. A lot of helpful advice has given me a good confidence boost. + +I will most likely bring up my reevaluation to my boss soon. Perhaps this week. If they give me a raise then great. If not then I will consider putting in my 2 weeks shortly after. I will consider if the work environment and the flexibility is worth staying for. + +Thanks again everyone. You've been great. + +Edit 4: + +My boss and all my coworkers regularly communicate through text. Its part of the job. Would it be appropriate to bring up the reevaluation through text? Same thing with the 2 week notice? I think just the reevaluation but the 2 week notice I will email for if I decide to quit. +Firstly, thank you guys for opening my eyes. I have both made and lost a lot of money in the past by rolling the dice in the options casino. (Down 30K over the life of my account on speculative options trades.) However, since beginning my journey as an options SELLER I have done nothing but make money. You all deserve the credit. Thanks. + +Moving on: I've made good money this year by selling cash-secured calls and puts, mostly by selling short strangles. (Yes, even in this market.) YTD I've made $8,752.40 after fees, approximately $1,347.00 per month, BUT I want to take it to the next level. I'd love to hear your thoughts. My current portfolio is around 92K. + +Current strategy: + +Selling cash-secured, same-week expiry, 95% probability OTM calls and puts in the direction of volatility. If the market reverses after a big down or up day I'll sell the opposite leg of the short strangle. If the market continues in the direction of the first leg, then I'll sell additional options at the original strike (ideally) or adjust accordingly (sell something closer if approaching resistance / slowing down, OR sell further OTM if the market is accelerating towards my initial strike). I almost always sell the first leg on Monday, but I've sold a few legs on Friday. I almost always let my options expire unless they're ITM or close to being ITM in which case I close them. If a position is 300% in the red I'll close the position and sell something further out for the initial premium. + +My biggest issue is that my strategy generates a low premium relative to the maintenance requirement for each position. Am I being too risk-averse? What would you do in my position? Thanks. + +Stocks: Mostly QQQ, SPY, TSLA, GME + +Active positions for this week (example): + +2 x QQQ Jul 15 2022 268 Put - combined $52.00 in premium. + +2 x GME Jul 15 2022 95 Put - combined $62.00 in premium. + +2 x TSLA Jul 15 2022 535 Put - combined $102 in premium. +I like broken wing butterflies, because they're defined risk credit spreads with a high probability of profit. I'm pretty comfortable with these, so I though I'd share this one for discussion and feedback. + +Here's a broken wing butterfly in TSLA that I took today for $2.05 credit. This is just an example, and you can find trades like this with almost any high IV stock with liquid options. + +Long 1 TSLA Jul-15 540 put + +Short 2 TSLA Jul-15 520 puts + +Long 1 TSLA Jul-15 480 put + +Margin required is $2000, less the credit received. + +With TSLA at 680, this has a 90% probability of profit, max loss of $1895, and potentially max profit of $2205. + +Most likely, these options will expire worthless, with a 10% return on capital risked. But you can expect that 10% of the time, this sort of trade will go bad and you'll take a loss. +I see so many posts on here, mostly from new users that have under 2k and are just foaming at the mouth trying to comprehend which ticker to buy, some are from bots trying to make the foam a little more frothy. Either way, GME is what started all of this and will be the biggest. I really don’t understand all this AMC and NOK nonsense . I’m long on both tickers, but they’re just not the perfect storm that is GME + +It’s a war, not a battle. You buy your shares in GME now. It sucks you missed the runup to $50, it sucks you missed the runup to $100, and it really sucks to miss the runup to $300. But you know what will feel good? When you unload your shares onto Melvin’s backside + +GME 100 shares + +And if you came here from tiktok, don’t reply to this post + +Edit: HOLY FUCKING SHIT STOP REPLYING "IS IT TOO LATE" NO IT'S NOT TOO LATE. +BUY YOUR 1/10 FRACTION OF A SHARE AND HOLD UNTIL DEEPFUCKINGVALUE SELLS. +RIDE GME AND TAKE MONEY BACK FROM THE HEDGEFUNDS. WE WILL WIN. +Hello, long time lurker here. After many years of savings, I was finally able to buy my first townhouse. I currently have it listed on Zillow but I’m just wondering how long it takes to find tenants? Currently, I’m only showing the townhouse to people that are qualified (good credit score and income). It’s only been 16 days and so far I’ve shown it to 4 couples (but I’ve gotten many many more applicants). + +So far, no takers but I’m wondering if this is normal? How many showings does it take to get a tenant? Thanks in advance for the advice. +Just wondering how much does pros target monthly for profits in day trading? What is the approx. profit that experienced day traders target? Reason I'm asking is, i feel i have unrealistic expectations of making 25% profit every month and stress myself too much, sometimes leading to losing trades by entering trades too early. +Hello, traders! I started with 200$ and for a month my account grew to 800$. I made a mistake with WTI which lead to a 700$ loss (yikes! this happened in the beginning of June) and after that I've been depositing money from my savings and even on good days when I make 200$, I blow the account before the next day comes. This has been going on for 2 weeks and my savings are now emptied out. +I am asking for your help cause I feel lost and I don't know how to get back on track. +https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html + +only wall st, no tech st. +**INTRODUCTION** + +Berkshire Hathaway is a conservatively-run, well-capitalized business, managed by one of the greatest CEOs of all time. It uses minimal leverage, operates across many recession-resilient industries, and has grown earnings 20% per year since 1999. Businesses like this rarely trade for less than 20x earnings. Berkshire Hathaway trades for 7x. + +While the company is best known for being a collection of “Warren Buffett’s stock picks”, it now derives a significant—and growing—portion of its value from another source: earnings from the company’s wholly-owned subsidiaries. We argue that this latter group—whose earnings exceed those of Amazon, Google, Netflix, Tesla, Twitter, and Uber; combined—is being under-appreciated by the market. + +**BUSINESS HISTORY** + +In 1964, Warren Buffett took control of a struggling New England textile manufacturer, named Berkshire Hathaway. Its net worth was $22m at the time. Fifty years and $411b later, Berkshire Hathaway is now the fourth largest company in the US, with a reach so wide it makes money nearly every time: + +* a plane is flown +* a car is sold +* a house is built +* goods are transported to/from the West Coast +* an iPhone is purchased +* a lightbulb goes on in Nevada +* someone drinks a Coke +* a french fry is dipped in ketchup +* [and the guy at DQ does this](http://shenzhenphotos.com/images/20101213144523_upside%20down%20blizzard.jpg) + +So how did Buffett grow a modest textile company into a sprawling conglomerate—one that now owns dozens of operating companies and a stock portfolio worth $150b? + +In the decades after taking control of Berkshire, Buffett steered the company through three major—and lucrative—shifts. He began in the late 1960s by acquiring insurance companies. Then he started using the insurance premiums generated by their operations to buy shares of publicly traded companies. Finally, in the 1990s, he began buying large businesses outright. + +**Phase I**: Buying Insurance Companies to Generate Float + +The first step took place in 1967, when Berkshire purchased a small Nebraskan insurance company called National Indemnity for $8.6m. Buffett was drawn to characteristics unique to the insurance business: cash—in the form of premiums—is collected years before claims are paid out. In the meantime, the insurance company is free to invest it. This money is commonly referred to as “float”. Buffett explains further: + +> “Float is money we hold but don't own. In an insurance operation, float arises because premiums are received before losses are paid, an interval that sometimes extends over many years. During that time, the insurer invests the money. This pleasant activity typically carries with it a downside: The premiums that an insurer takes in usually do not cover the losses and expenses it eventually must pay. That leaves it running an ‘underwriting loss’, which is the cost of float. An insurance business has value if its cost of float over time is less than the cost the company would otherwise incur to obtain funds.” + +In other words: for most insurers, the combined cost of running their business and paying out claims usually exceeds the money they receive from premiums. Most insurers make up for these underwriting losses by profitably investing their float. If they just so happen to earn an underwriting profit—that is, if premiums ultimately exceed the cost of running the business plus the cost of claims—it’s simply a bonus. + +Unlike most insurers, Berkshire consistently earns an underwriting profit. So not only does Berkshire get to invest the float, but it’s effectively paid to do so! Buffett says, “That’s like your taking out a loan and having the bank pay you interest.” + +An insurer that consistently generates float and earns an underwriting profit is a great business. Still, Buffett saw more potential. Instead of investing the float in conservative and low-yielding bonds like a traditional insurance company does, Buffett took a new approach: he used the float to buy stock in other companies selling for reasonable prices. + +**Phase II**: Using Float to Buy Partial Ownership of Other Companies (i.e., Stocks) + +Throughout much of the 1970s and 1980s, Buffett used the proceeds from Berkshire’s insurance businesses to buy shares of a number of fantastic companies—such as Coca Cola, American Express, and The Washington Post—which were at the time selling for far less than their intrinsic values. By investing the borrowed money (i.e., float) that Berkshire was in effect being paid to hold, Buffett was able to lever his returns—earning Berkshire and its shareholders 20%+ per year. Even better, this leverage came from owned insurance operations rather than debt—which meant Berkshire reaped all the benefits of leverage without shouldering its traditional downside (such as interest expenses and an increase in risk). + +Until the early 1990s, Berkshire Hathaway was in essence a lightly-leveraged, publicly-traded stock portfolio, managed by an unusually prudent investor. But as Berkshire grew in size, it became increasingly difficult to find opportunities in publicly traded companies that were large enough to move the needle. So Buffett changed track for the third time: he began acquiring operating businesses outright. + +**Phase III**: Buying Full Ownership of Operating Businesses + +hough Buffett did buy a few operating businesses in the 1970s and 1980s, it wasn't until the 1990s that he started doing so in earnest. Present-day Berkshire fully owns dozens of businesses, including: GEICO, Burlington Northern Santa Fe Railroad, Dairy Queen, Benjamin Moore Paints, Clayton Homes, and ACME Brick. At first, the collective net worth of these businesses was dwarfed by Berkshire’s investment portfolio. And to this day it is the investment portfolio which remains the focus for most investors. But as Buffett continued to acquire simple, stable businesses that possessed what he deemed favorable long-term competitive advantages, their total value swelled. Today, they make up half of Berkshire’s intrinsic value. + +**PRESENT-DAY BUSINESS OVERVIEW** + +I. What is the Value of Berkshire’s Investment Portfolio (and Cash & Bonds)? + +Included in this half of Berkshire’s value are its cash, bonds, and 5%-15% partial ownership stakes in companies such as American Express, Kraft Heinz, Apple, Coca Cola, IBM, Bank of America, and many others. Valuing Berkshire’s investment portfolio is simple. Since “cash is cash”, and the market prices the stocks and bonds every day, one needs only to look up the price and the number of shares owned by Berkshire to get an approximation of their worth: + +[Chart](http://i.imgur.com/ayoXqDS.png) + +An investor can then apply a premium or a discount, based on whether current market prices are under or overvalued. An argument could be made that Berkshire’s stock portfolio warrants a slight premium in light of Buffett’s investing prowess, but for simplicity’s sake we are assigning no premium, and assume the market is pricing each company correctly. + +After summing up available cash, stocks, bonds, and preferred shares, we get $257b worth of investments. + + |Book Value|Per B Share +:--:|:--:|:--: +Cash|$66.3b|$27 +Stocks|$120.5b|$49 +Bonds|$23.8b|$10 +Preferred/Warrants|$17.3b|$7 +Kraft Heinz|$29.6b|$12 +**Total**|**$257.5b**|**$105** + +On a per share basis, this totals $105, or 64% of Berkshire's current $163/share price. + +II. What is the Value of Berkshire’s Operating Businesses? + +The rest of Berkshire’s value comes from its operating businesses. After backing out the $105/share of investments from Berkshire’s current share price ($163), the remainder—or $58/share—is what the market believes the operating businesses are worth. + +[Chart](http://i.imgur.com/KdpdCHX.png) + +Since the true value of its investment portfolio is more or less determined by the market, the question of whether or not Berkshire is properly valued at $163/share comes down to this: is $58/share a fair price to pay for Berkshire’s operating businesses? Considering these companies earned $8.56/share (pre-tax) in 2016, we feel that paying $58/share for this group—or 7x earnings—is a bargain. + +Let’s break this down. Berkshire’s group of wholly-owned operating businesses has grown20%/yr for nearly two decades, earning $21b ($8.56/share) in 2016. Broadly speaking, its businesses fall into one of five segments: insurance; Berkshire Hathaway Energy (BHE); Burlington Northern Santa Fe Railroad (BNSF); Manufacturing, Services, & Retailing (MSR); and Finance & Financial Products. + +[Berkshire Segment Subsidiaries](http://i.imgur.com/GArlySE.png) + +**1. Insurance** + +*2016 earnings: $2.1b (10 % of total) +*Companies: GEICO, General Re, National Indemnity, etc. + +Since the purchase of National Indemnity in 1967, Berkshire’s insurance operations have become the largest and most profitable in the world. They have delivered 14 consecutive years of underwriting profits—a feat unheard of in the industry. + +Aside from unusually consistent earnings, the insurance group provides Berkshire with an even greater benefit discussed earlier: float. At year end 2016, the company’s float—money that Berkshire holds but does not own—stood at over $100b. This free financing is available to Berkshire to acquire more businesses across a range of industries. + +**2. Finance and Financial Products** + +* 2016 earnings: $2.1b (10% of total) +* Companies: Clayton Homes, XTRA, Marmon, CORT + +This is Berkshire’s smallest group, made up of companies that specialize in mobile home manufacturing/financing, furniture rentals, and equipment leasing. + +**3. Berkshire Hathaway Energy (BHE)** + +* 2016 earnings: $2.7b (13% of total) +* Companies: NV Energy, MidAmerican Energy, PacifiCorp, etc. + +Berkshire Hathaway Energy is a group of regulated utilities, renewable power sources, and gas pipelines operating in Nevada, Utah, Iowa, Oregon, Canada, and the United Kingdom. Regulators allow these monopolies to exist, in exchange for a limit on how much they can earn. Even with these limits in place, this group of companies provides predictable and recession-proof earnings, with the important added benefit of allowing Berkshire to defer billions of dollars in taxes because of their large capital expenditure needs. + +**4. Burlington Northern Sante Fe Railroad (BNSF)** + +* 2016 earnings: $5.7b (27% of total) +* Companies: Burlington Northern Santa Fe Railroad + +Railroads play a vital role within the US economy; they ship goods from point A to point B more efficiently and cheaply than all other forms of transport. And because railroads require massive amounts of capital, land, equipment, and government cooperation, these companies are virtually impossible to duplicate—making disruption by a new competitor extremely unlikely. + +The railroad industry is made up of regional duopolies, with BNSF and Union Pacific controlling the western US. While their earnings are cyclical and highly dependent on the health of the national economy, their long-term returns will almost assuredly be above average. Since acquiring BNSF in 2010 for $30b, the company has already earned a total of $24b, and is now the second largest contributor to Berkshire’s operating profit. Like the BHE group, BNSF requires large amounts of capital investment every year to maintain the infrastructure. And just like BHE, these capital outlays can be used to defer taxes at the parent-level for decades to come. Being able to “pay today’s taxes tomorrow” is another nice little form of float; one that lets Berkshire profitably—and tax-efficiently—reinvest billions of dollars back into both segments. + +Said more simply: owning utilities is not a way to get rich; it’s a way to stay rich. And Berkshire intends on staying rich. + +**5. Manufacturing, Services, and Retailing** + +* 2016 earnings: $8.5b (40% of total) +* Companies: See’s Candy, Lubrizol, Dairy Queen, Marmon, The Pampered Chef, etc. + +This segment drives the lion’s share of Berkshire’s operating earnings. It is an eclectic collection of businesses, selling everything from Dilly Bars to partial ownership of private jets. As a whole, the group earns very respectable returns on capital—with almost no use of financial leverage. Furniture, ice cream, airplane parts, and underwear may not be the most trendy businesses in the world, but they’re safe, stable, and profitable, with many earning 15%-20%/year. + +Together, these five groups earned $21b last year for Berkshire, or $8.56/share. + + |Pre-Tax Earnings|Per B Share +:--:|:--:|:--: +Underwriting|$2.1b|$0.86 +BHE|$2.7b|$1.10 +BNSF|$5.7b|$2.31 +MSR|$8.5b|$3.43 +Financial Products|$2.1b|$0.85 +**Total**|**$21.1b**|**$8.56** + +**Are Berkshire’s Operating Businesses Being Fairly Valued by the Market?** + +Back to the question: Is $58/share a fair price to pay for Berkshire’s operating businesses? + +For $58/share, investors are getting $8.56 of earnings generated by a group of stable companies that: earn solid returns on capital; have been vetted by an investor widely recognized as the greatest of all time; have grown earnings at 20%/yr since 1999; are unlikely to be disrupted by technological advances; and have long-term competitive advantages. + +A standalone company with similar characteristics would probably trade above $170/share. Yet Berkshire’s operating business group trades for only $58. Perhaps if Berkshire renamed this part of their business Berkshire Hathaway AI Biotech Cloud Data Inc., it would it start trading at a more appropriate level. To put this in perspective, let’s imagine that certain popular tech companies started trading at a similar multiple to Berkshire’s operating businesses. Google’s share price would be $245 (versus actual $823); Netflix’s would be $4.50 (versus actual $142); and Amazon’s would be $64 (versus actual $884). + +So how many times earnings should an investor be willing to pay for Berkshire’s operating businesses? Each of the five groups has different economic characteristics, so one could apply specific multiples to each (for example, 10x for insurance, 12x for BHE, 15x for BNSF, 15x for MSR, and 10x for Financial Products are probably appropriate). Doing so may yield a more precise (and probably higher) assessment of Berkshire's worth. But with either approach, the message is clear: the market is undervaluing Berkshire. + +We apply a simple—and rather conservative—10x multiple to Berkshire’s group of operating businesses, which yields $85/share in value. When combined with its $105/share of stocks, bonds, and cash, this puts Berkshire’s intrinsic value at somewhere around $190/share—a 15% premium to today’s price. + +**Conclusion** + +50 years ago, Berkshire Hathaway was a struggling New England textile manufacturer. The business—which required a lot of capital, was barely profitable, and had no long-term competitive advantages—was not a good one. But Warren Buffett decided to buy it anyway, thinking the company’s assets (e.g., machines, factories, accounts receivable, etc.) were worth more than the price he could could pay for the entire business. After assuming control, business steadily deteriorated, and it became apparent the market had been right—Berkshire was a dud. + +Half a century later, Berkshire Hathaway is far from a dud. In fact, it’s probably one of the best companies in the world. While the textile business is long gone, what remains is an investment portfolio worth $105/share, and a collection steadily growing, well managed, and very profitable businesses, that together earned $8.56/share in 2016. A company like that should trade for 20x earnings. Berkshire is available for 1/3rd that. +[*This article*](https://insight.kellogg.northwestern.edu/article/younger-vs-older-tech-entrpreneurs) discusses these research findings, which is that the median age of founders of startups with a successful IPO exit is **mid\-fourties**. The researcher says that we tend to allocate more money towards younger startups in tech based largely on the common myth that younger founders have better ideas. But the data suggests otherwise. + +I certainly don't want to discourage younger founders... But should we be considering the age of founders when investing? The tool in the article says someone who is 40 has a **15x** better chance at a successful startup than someone who is 20 \- that is pretty significant! +I am not a seasoned Reddit Vet... Nor do I have much karma... Or even experience in Stonks!!!!! But... I can easily see what is going on here and in the entire world + +In my opinion... Burry was the "Needle"... Cohen is the "Thread"... Gill was the "Knot"... A perfect fucking "Combo" honestly!!!!! + +If you can say "this is not financial advice" with a straight fucking face... And then have enough "common sense" that individuals such as stated do not do what they do... I order to FAIL!!!!! IT IS NOT AN OPTION!!!!! + +Add that shit to the FOREVER growing GME community... Sprinkle in some of this extremely enlightening DD... On top of just simple facts as to where GME stands currently and their future plans... You can EASLIY see what is to come in the future of GME in the E-commerce world!!!!! + +Just a couple small/HUGE things to ponder... We all know what is coming... Just about everyone knows what is coming... Follow the "common sense" of all this and have patience during this ride!!!!! + +Quoting Tommy Armour the Legendary Golf Pro... + +"You have to enjoy the struggle." Meaning... It is within those moments we "truly" find what is needed to grow + +EDIT: 🦍Voted ☑ + +EDIT 2: A valid point on Burry selling his positions on GME... What I am referring to is more... The ability to see what others cannot... Amazingly coincidental and no pun intended... What he has predicted etc... He is about the "Fundamental Principles" of how it works... I do not personally think he was in it for the fame of fortune + +EDIT 3: THIS IS JUST MY OPINION APE'S... NOT TELLING "ANYONE" WHAT TO DO FOR ALL YOU THAT KEEP COMMENTING THAT. CARRY ON!!!!! AS THIS IS NOT FINANCIAL ADVICE IN ANY WAY SHAPE OR FORM!!!!! + +EDIT 4: THANK YOU FOR THE AWARDS!!!!! +I heard that the VW emissions thing was discovered by accident by an independent group. Would it have been illegal if they shorted a ton of shares before revealing this information? +Hi, so I’ve been researching this company MVMD ( Mountain Valley mD Holdings) who at a first glance appears to be a fantastic company with an amazing future ahead of them. + +Now, It’s a new experience to find a company which quite frankly seems to be a full out scam. + +[mvmd website](https://www.mountainvalleymd.com/) + + +I know this is different but I thought it could be fun if someone wanted to help out. I posted my red flags in the MVMD sub and got absolutely flamed. I’m doing this bc I don’t want ppl losing money to a scam but perhaps more so bc I hate being wrong. + +What I have gathered so far. Writing on my phone so won’t be too long. + +1. Their website. Looks legit but looking in to their leadership, there is too little information. Who is this inventor (Mike Farber for example, what did he do before. All of a sudden he supposedly got BSL 4 clearence. Something very rare from my understanding. + +Dennis Hancock CEO . Instagram (private) facebook (private) + +2. Their new yt channel. Just a couple weeks old. Only fake comments on their channel. Look into their comments it’s hilarious. + +Their Instagram . Majority obviously fake followers here aswell. + +(Now I know this doesn’t have to be the company behind their instagram or the fake comments. But something is certainly off and I don’t like it. + +3. There are no real news reporting on this company. The only thing close is Biznews lmao. All of their achievements etc are just coming directly from the company. + +[Biznews ](https://www.google.se/amp/s/www.biznews.com/thought-leaders/2021/02/11/ivermectin-tech-breakthrough/amp) + + +There are a lot of red flags. And I’m quite frankly amazed as a somewhat new investor to find a company doing what I think they are. Perhaps this is usual in the penny stock world or perhaps not. + +Anyway, would love to hear your takes. And if someone would be intrigued to do some further digging into it. +Hello Penny traders, it is your boy automod here. What are your plays for the next two days in the week? My portfolio has gone down another 30% today so I need help. Please share all **INSIDER TRADING** below so I can make money. I won't call the CRA. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly, Add** 🚀🚀🚀 **and happy trading** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +https://www.wsj.com/articles/blood-testing-firm-theranos-to-dissolve-1536115130 + +Good thing I passed over an investment opportunity here and put it in Moviepass instead. +After the CryptoKitties and Gods Unchained announcement that they've partnered to allow IP to cross over between games, i've realized how incredibly powerful interoperability can be. + +The ability to provably associate the assets and achievements a gamer possess, and repurpose those to provide value in other games and environments is truly a mind-blowing concept for gamers, and an entirely new marketing channel for publishers (specifically indies who can appeal to larger user-bases). + +I'm curious if you guys think it will be a main driver of adoption for dapps versus their traditional gaming counterparts. + +Reference to the CryptoKitties / Gods Unchained partnership: https://www.ethnews.com/cryptocollectible-collaboration-cryptokitties-and-gods-unchained-create-crossover-items +Just thought I’d put this up for a debate. Has any body thought about banking on your inflated equity and going to rent for a while? + +Nobody can time the market so IMO it’s a huge gamble. I’m against it as if the market keeps going up for let’s say two years, you potentially send up a chunk of what you had and could end up falling behind and struggling to get back on. + +I hope to hear other people perspectives + +Thanks +1.7M international subs added versus 2 guidance. + +160k domestic below 500k guidance. + +Q3 forecast lower than expected. + +[link](http://blogs.barrons.com/techtraderdaily/2016/07/18/netflix-falls-15-q2-mixed-subscribers-q3-forecast-miss/?mod=yahoobarrons&ru=yahoo&yptr=yahoo) +So I’ve heard from other wealthy individuals that at a certain point it’s better to use debt to borrow against equities to buy stuff because it’s cheaper then paying capital gains. I’ve never understood how this works can someone explain this in an easy to understand format? +I am a new investor and have been trying to learn investing . + +I have seen a lot of people base their investment strategy on what Rakesh Jhunjhunwala or any of the other “star investors” have bought . A lot of People closely track their portfolios / block deals. + +My question is : do you guys buy/ sell stock based on any particular individual? If yes , who and why ? + +If not completely based on an individual , does it factor into your analysis ? + +Example : Rakesh Jhunjhunwala just bought a ~1% stake in Tata Comm. Would you buy the stock / initiate your research based on it ? +Throwaway for obvious reasons. + +So, I've been lurking for a long time and I would hate to just wing it without seeking the advice from this wonderful subreddit. + +Background time: So, I got lucky, and then worked hard. I taught myself how to make videos while making videos paid for itself and I made it on youtube. This is my first really explosive year after my big break and I made more money than I've ever seen before, roughly 150k if my December estimates are accurate. I didn't do much with this money. I've put aside about 40k for taxes since I'm terrified of those and then another 20k into a Robinhood account which I've got about a 10% return for the year on and paid off all my tuition and student loans. (Mostly etfs, nothing too crazy). I started eating out a bit more often and I bought a beater car for my SO and everything is great. + +Here's the catch. I graduate from a great school at the end of this month. Because of the youtube work, I will be graduating debt free and because of the youtube work, I have turned down almost every job offer I have received because the pay is all about half of what I get right now. I don't know anything about health insurance but I know once I graduate I no longer can use my uni health insurance and I'm pretty sure I have to have it in the USA. Both the cars I own are paid for and I have no children and I'm just really worried that if I take a job, I'll lose my fire and stop putting the time I want to into my youtube channel which is still growing and I believe can continue to grow. I am equally afraid that if I don't take a job now, I'll wind up being 30 in a few years with no "real job" experience and youtube dries up and then I'm out in the wind with a standard of living I can no longer support, kids on the way and if I try to find a job then, it will be more difficult because I have no traditional experience to put on a resume. + +I see my options as: + +-Get a career job that pays well and is safe, try to do youtube on the side. + +-Forget the job and go YouTube full time. if I keep growing like I hope I could with all my energy to focus, I think I could make twice what I made this year in 2016. + +-Youtube at my current pace and explore other things that interest me with my "investment" money. (i.e. learn to brew beer, self-publish a novel, ect...) + + +I'm also unsure of what to do about my living situation without a dorm. Should I get a cheap apartment and save up for a home? I don't like the idea of debt and now that I'm free of it, I am hesitant to ever buy something on credit again. I love to travel and it is great for making videos but it is expensive and I don't think that "wandering" is a sustainable living situation, even with my income. Other things to note are that I have been with my SO for a long time, and they have another 2 years of education before they could in theory leave the city we live in. Not that I am dying to move anywhere, but am I right in thinking that I should wait for them to have a solid plan before I commit to property or anything permanent? + + +I guess with graduation and seeing all my peers take job offers, I am just really panicky and don't know which path to take and could really use some pointers from others who took the roads less traveled. I know that this post can come off really humble-bragish, and I was not comfortable posting it at all, but the advisers at my school have no idea how to handle the situation and I just want somebody to talk through this with. + + +EDIT 1: For some reason this keeps coming up, but my channel has nothing to do with videogames or lets plays. Not that there is anything wrong with that content, but it is not my niche. Also, since it is of interest to so many, I serve between 250,000 and 500,000 subscribers and generate between 5 and 10 million monthly impressions. +Thank you so much for the encouragement and advice so far. I'm currently looking into finding a CPA and establishing a business for the channel to separate my personal and professional finances for tax purposes. On that point, most everybody seems to agree. +Smoking being the biggest but, also I cut out the huge amounts of soda I was drinking as well. I added up how much I spent on these items a day and times it by 365. Holy crap 3.5k a year on cigs, $500 a year on fountain sodas. This was about 20% of my take home pay. +Alright fellas, I missed the ball on LKE. I didn't trust you apes and look what happened, I'm taking my morning Saturday shit pondering what it would have been like if I aped into LKE like I did NFTs. + +What is the uranium stock that we are all looking into at the moment? There is no way I'm missing out on the lambo this time +I invested in Cann Group, big nono, currently down 63.6%. Then I heard New Zealand is running a referendum to legalise cannabis, I started salivating. Please New Zealand save me like you saved old mates fish guts portfolio. So I did some digging, looking for any ties Cann group might have to New Zealand and what was his name? That's right, bingo. Cann Group are the primary producer of cannabis for Pure Cann NZ. Now I'm not asking it to go back up to $1.28 where I bought in at but I'd settle for anything above $0.50 at this stage. 10/10 would not recommend cannabis stonks. +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) +Where do you all source your information from?? Obviously this forum and seeing ‘🚀🚀🚀’ means guaranteed gains but how are you finding out about the likes of ZIP, NVX, LKE, RAC in the first place?.. + +Like anyone with a Year 11 economics background I hopped in after the Covid crash making some solid coin on blue chips. Then fell down the ol reddit rabbit hole and stumbled across this place (which is great) but still have no clue where everyone is getting their info from and what sways them toward investing in a penny stock? +**Join us this Thursday @ 10:30AM PST for an AMA with Maker CEO Rune Christensen and an unannounced guest, who will be taking your questions about their upcoming partnership (to be announced this Tuesday) and more. Mark your calendars.** +Valhalla will be hosting live festival painter Tatiana Katara for a live stream painting event on June 7th at 6 PM UTC on Twitch! The piece will then be minted into an animated version as a limited NFT and the original piece will be auctioned off! You don't want to miss this! + +Multiple Use-Cases Defined: + +Valkyrie Graveyard and Interactive App + +&#x200B; + +🪦 The Valkyrie wallet functions as a graveyard for dead coins and failed projects. Leftover dust from your wallet can be sent to the Valkyrie wallet, where it will accumulate until they can suck the liquidity out of the failed project. These funds will then be split 50/50 to charities/LP pairing. The dev team is working on building an interactive Valkyrie Graveyard app (IN VR!) where you can see stats and pay respects to your donated dead coins. They have already proven this works and have started the back end of our website! Valkyrie turns your dust into destiny. + +&#x200B; + +NFTs and iNFTs + +&#x200B; + +🎨 Valhalla have an amazing group of artists and are recruiting more to create some amazing NFTs. They also will be releasing interactive Viking NFTs, that you can build and care for. Essentially Viking Tamagotchis. + +&#x200B; + +Merch Store and Future Artist Collective + +&#x200B; + +👟 Valhalla have partnered with an amazing merch provider for Valhalla merch and will have an extensive line of badass products available on our merch store. They plan to host some live art events and auction off pieces, as well as offer prints of those pieces and Valhalla themed products from those artists featured on the Merch Store. + +&#x200B; + +Hub For Newb Education + +&#x200B; + +💻 There will be a hub for trading and crypto education integrated into the website. Valhalla will be a place of refuge in BSC's stormy seas. + +&#x200B; + +VALHALLA TOKENOMICS BREAKDOWN + +&#x200B; + +VALHALLA CA + +0x67b4864d82c776c90ead1854fad257622e4e453c + +&#x200B; + +10% REFLECTION TO HOLDERS! + +Upon adoption of the contract, it was found that there was an amazing 10% reflection to holders but there was no LP reflection aspect to this contract. They already have celebrity endorsement since day 2 and wanted to find a way to avoid a V2 and make the contract work. Obviously, for purposes of sustainability, this caused quite the concern BUT they have managed to solve the issue in a groundbreaking way! You like crypto firsts? So do we! Here's how it works: + +&#x200B; + +ODIN WALLET + +0x279312614453d1f0b86FEB1F35092A509245bF28 + +With the help of the team and donations from some gracious whales they were able to create the Odin Wallet, Valhalla's top holder and whale wallet. Odin is a multi-sig wallet and will forever remain Valhalla's most loyal and largest whale, never selling a single token from it's original position. This wallet is public and all transactions can be tracked and monitored by the community. This wallet maintaining the top spot will allow the team to use Odin's substantial reflection to perform manual liquidity pairings and burns, thus allowing for stability AND longevity for investors! + +&#x200B; + +VALKYRIE WALLET + +0x6ae07B6d3C1b0664c3611d427C0173dBE7DfeE61 + +The Valkyrie wallet is the donation/charity wallet and dead coin graveyard, and can be tracked by the community. Valhalla investors and non-investors alike can send their leftover coin dust (those infuriating leftover pennies that clutter your wallet) from failed projects and closed positions to the Valkyrie wallet. The Valkyrie guards over the dead coins while they accumulate until they can be resurrected, suck liquidity out of the failed project and put it to good use for both the community and charity donations! They have already proven this works by extracting multiple bnb during thier fundraising efforts from projects laid to rest in Valkyrie! + +&#x200B; + +💪 Remember when Valhalla was "just" a test token? This team and community are incredible and there is so much more to come! Join us in our journey to VALHALLA! 😜 + +&#x200B; + +[https://t.me/ValhallaHODLERS](https://t.me/ValhallaHODLERS) + +[valhallatoken.org](https://valhallatoken.org) + +[Tatianakatara.com](https://Tatianakatara.com) + +&#x200B; + +Telegram ([https://t.me/ValhallaHODLERS](https://t.me/ValhallaHODLERS)) + +VALHALLA TOKEN + +Website: [www.valhallatoken.org](https://www.valhallatoken.org) +I've just realised the main reason I want to reach FI is that I don't want to turn out like my parents. They're separated and are in very different financial situations. My dad earns 6 figures a year and owns his house but spends, spends, spends like crazy. He's always buying stupid shit he doesn't need like old cars, tattoos, a fucking massive jumping castle that he uses once a year for my little brother's birthday. + +My mum, on the other hand, is 55 and has almost nothing to her name. She has no savings or retirement. She earns okay money now, but also spends her entire pay each week and has nothing to show for it. She probably throws out 2/3 of the food she eats. She raised me, and because we were always quite poor she passed really bad money habits on to me, which I'm trying desperately to break now. + +What motivates you? + + +Eclipse had just released its first utility website, CryptoMoonshot.net last week and currently devs are preparing Chart-like-Poocoin. The chart will be released in few days. (Q2 2021) + +We haven’t do any marketing campaign and this upcoming days Eclipse will be on Time Square “The One” billboard. It’s a good time to hop in the train if you missed $BFIRE or $ULTRA. + +Even without marketing, our holders grow steadily from 150k to 180k within 3 days! + +With $ECP, the goal is to make BSC coins dependent on us as we stand by our purpose of developing utilities. + +Achievements: + +1. 3 Exchanges: Coinsbit, P2PB2B, Hotbit +2. Cryptomoonshot.net +3. 180k holders +4. 2 Audits passed: Solidity, Techrate + +DYOR. Current marketcap: $33m ATH marketcap: $200m + +More exchange and marketing soon! + +You can find all the info about Eclipse from the links below: + +👨‍💻 Website: eclipsetoken.org + +💬 Telegram: [https://t.me/eclipsetokenofficial](https://t.me/eclipsetokenofficial) + +👾 Discord: [https://discord.gg/ecp](https://discord.gg/ecp) + +📊 BscScan: [https://bscscan.com/token/0x375483CfA7Fc18F6b455E005D835A8335FbdbB1f](https://bscscan.com/token/0x375483CfA7Fc18F6b455E005D835A8335FbdbB1f) + +📜 Contract: 0x375483CfA7Fc18F6b455E005D835A8335FbdbB1f +I am new in valuation and I am trying to make DCF valuations as practice. I want to find a website where I can pull the historical data of a company into excel for free. How should I do it? +As the title says, I've been looking for sectors that have dumped hard, but are likely to do well as the economy recovers. Homebuilders seems like an interesting play right now. Most homebuilders have gotten destroyed as the housing market cools, and everyone is thinking 2008 will repeat itself. + +Will it repeat itself though? Yes housing prices went up too much, and are forecast to decline. Most homebuilders are planning for this already. + +The difference now is that credit and lending standards are much better than in the era proceeding the GFC. Also, there isn't an oversupply of housing now. If anything there is an undersupply, as builders have been very judicious about repeating their mistakes. + +I've been looking at TPH (tri point homes). It's trading around 3.7x earnings and 7x fcf. Both of these are likely to drop next year. I've run a few dcf models and get a fair value around $20-22 depending on how I plug in variables, so it's trading at about a 20% discount right now ($16.68 as of this writing). + +Does does anyone have thoughts on homebuilders as a possible recovery play? +Hey, + +Are there any value investing books published in the last few years from successful value-investors (not necessary hedge fund managers) + +If so, i would be happy to get some recommendations about them + + +EDIT: typos +I’ve been in & out of Cleveland Cliffs (CLF) for some time now, mostly with shares and when the opportunity arises a few options. . . . I believe in the ‘super cycle’ narrative for steel and believe it to be a good play for short term trading and longer term value. . . . anyone else playing with the steel sector? +My dad passed away last year and left me with 450k in cash and 400k in shares. He also left me with an apartment worth about 600k that is currently generating 2.5k a month in rent, all of which I am holding for investment. BTW I’m in Australia so this is all in Australian dollars. + +I feel quite overwhelmed by the responsibility of treating this money well and would love to hear some opinions on how best to grow what my Dad has left me. My plan is to not touch any of this money and reinvest all returns for the next 20 years. + +From the reading I’ve done, it seems like using dollar cost averaging over a year or so and investing my cash into index funds that mirror the S & P 500 is the smartest thing to do. However I’m concerned that I may be investing money at the height of a bull market. I’m also worried that, due to their popularity, index funds are no longer the safe bet everyone believes them to be. + +My current stock holdings are CSL , Resmed (RMD), Nanosonics (NAN), Templeton Growth Fund (TGG), Carsales.com (CAR), Ishares global healthcare ETF (IXJ), Westfield (URW) and Fleetwood (FWD). + +After reading The Intelligent Investor, I know I need to periodically reassess these shares to see if they should be sold or are worth holding. However I’m still feeling quite unclear on how to do this. What resources can I search out to teach me the key skills needed? + +Any advice would be so appreciated! +Did people forget about inflation and approaching rate hikes? + +Why are traders dumping value stocks in favor to tech ones? I am quite confused by today's movement. + +What's your opinion? +Not strictly speaking of company stocks. + +Do you keep more cash? What about inflation? +Bond ETFs? +REITs? +Index funds? +Small cap,large caps.. +Commodities? +Metals? +Building materials? +Or do you even ride with the growth stocks? + +This market and inflation is going to hurt. +Currently China stocks are beaten down and have a low PE, and prices are declining. + +China's goal is to double its GDP by 2035, and presumably this means that in 2035 the Chinese stocks should do well. + +I was considering Dollar-cost-averaging into the [Franklin China ETF](https://www.franklintempleton.com/investments/options/exchange-traded-funds/products/26362/SINGLCLASS/franklin-ftse-china-etf/FLCH) over the coming 12-18 months, to take up a relatively small position(6%) in my portfolio, which currently has no emerging-markets exposure. + +Presumably, this gives me diversification, value and expected growth all in one? + +Is this a good idea? +I'm looking at buying a multifamily property to live in (house hack) soon but I travel often for work. Sometimes I'm overseas for 1-2 months. + +It might be better for me to hire a PM to handle things. + +So far, I've checked: + +* www.narpm.org +* www.thumbtack.com +* www.theburbz.com +* www.biggerpockets.com + +It seems like services vary widely, and many firms don't have good reviews (mostly a few upset tenant reviews) + +Where do you go to find a manager? +Thinking about trying to find a tri- or fourplex in Chicago to house hack with fha loan for next year. Rough timeframe would be October/November 2021. My current apartment lease ends mid October plus this would give me plenty of time to research and also add some cash reserve. From what I’ve read online and seen looking at deals I think it would definitely be manageable to at minimum be covering almost all the costs so making it like having a super cheap rent payment (especially if living with someone in my unit who would be paying “half rent”). Maybe even possibly to cover everything plus a tiny amount of cash flow if I get a bit lucky? + +Would love any tips, advice, opinions on this idea. I’m 24 and just started my first job in October but already have a small bit saved to get me on my way +I'm considering investing in a property in Turkey. However I feel this would apply to any country with the same currency issue. I'm concerned about the gradual and continuously increasing value differential between the Turkish lira and the US dollar. If that continues for 10 more years, would that mean that I would likely lose money should I sell 10 years from now? Here is a graph from google showing the value of the Turkish lira compared to the US dollar since approximately 2005. + +[https://i.imgur.com/WMaSbLw.png](https://i.imgur.com/WMaSbLw.png) + +I don't know much about real-estate investment. Is there something that makes this issue irrelevant, or am I right to be concerned? + +I have contacts in Turkey who could manage maintaining and renting the property out for me. +So I have a couple properties now and I think I'm doing ok, but I know that's just my perspective. Looking for some outside thoughts. I'll start from the beginning. I have no prior real estate investing knowledge. They are all in the same city. + +In January 2014 I purchased a 2 family for 44k in cash. There were existing tenants and rents were 675 per apartment. Taxes were approximately 3300 a year and insurance about 900. Tenants paid for their utilities except water which cost me maybe 1k a year. Over the years everything was pretty ok. Made general repairs as needed and I think the place is definitely worth more now than when I purchased it. I would guess it's probably worth 70k now. Managed it all myself. Both tenants just moved out 2 months ago and I had the place renovated. Currently around 13k in the red on the place after renovation. Hoping to get new tenants at 800 per apartment. + +In August I purchased another 2 family for 95k. This one's only a few blocks away, but it's a nicer area. Paid more for it because everything is new. Roof, boilers, hot water heaters, electrical service. Don't think I'll have any major expenses for quite a while. I'm currently getting 800 per apartment with very nice tenants. Taxes are also 3300 a year, insurance 900, and tenants pay their own utilities with my covering water for 1k. + +Just a month ago I purchased another place for 55k. It's in the same place as the other two. Probably a similar area to the first. Taxes and expenses are all the same as the first two, but rents are currently 650 and 700. Long term existing tenants. The place needs some repairs probably in the low teens at most, but nothing ridiculous. The repairs will definitely raise the property value by whatever they cost and some. My plan is to start getting some of the repairs done when the weather gets a bit better. + +I paid cash for all of them which I know probably isn't the most lucrative. My goal is income to replace my work income so I can retire asap. Currently I'd like to keep purchasing more like this as good deals come up. I have the cash available to purchase probably 4 more right now, just waiting on the opportunities. + +Just wrote this up on a whim. What do you guys think? +Retard here. Downvote if stupid + +I have been a long time lurker since DFV's first posts came about. I am happy to see all the DRS posts and continued effort to educate each other. + +I was thinking that the stock market being as fraudulent as is shouldn't we encourage and discuss the benefits of DRSing every single shares across all companies. GME was my first share purchase and is the only one I have ( I buy whenever I can- student and immigrant so not too much). But there are definetely investors who play the long time. Shouldn't they be encouraged and taught to DRS their shares too. It definetely scrutinizes any positions that SHFs use to prop GME short positions as there would be a removal of other shares from the float too. Now I am not sure how many companies are with Computershare. But it sure does feel like a good statergy to bring all your shares to the battle front when time arrives + +Thanks and retard out + + +Twitter's new owner Elon Musk, who is also CEO of electric vehicle maker [Tesla](https://www.cnbc.com/quotes/TSLA/) and U.S. defense contractor SpaceX, told employees of the social media business on Thursday that he recently sold shares of Tesla to "save Twitter." + +He made the remarks during an all-hands meeting that he hosted in part to motivate Twitter employees who remain after sweeping layoffs to work hard. Musk let go of about half of Twitter employees following his acquisition of the company for $44 billion, or $54.20 per share. + +[As CNBC previously reported,](https://www.cnbc.com/elon-musk/) to finance his portion of that take-private deal, last week Musk sold at least another $3.95 billion worth of [Tesla](https://www.cnbc.com/quotes/TSLA/) stock. According to filings with the Securities and Exchange Commission published Tuesday, the batch of shares he just sold amounted to 19.5 million more shares of Tesla. + +Earlier this year, he also sold over $8 billion worth of Tesla stock in April and roughly $7 billion worth in August. + +Musk has [brought in employees from Tesla](https://www.cnbc.com/2022/10/31/elon-musk-has-pulled-more-than-50-tesla-engineers-into-twitter.html), including dozens of Autopilot engineers, to help with code review and other work at Twitter along with friends, financial backers and deputies from other companies that he has co-founded. + + + +Among other things, [Musk wants Twitter to generate half of its revenue from Twitter Blue subscribers](https://www.cnbc.com/2022/11/10/read-elon-musks-first-email-to-all-twitter-employees.html), and to become less reliant on advertising revenue. + +Musk’s Twitter distraction has shaken some of Tesla’s most stalwart bulls. For example, [CNBC Pro reported](https://www.cnbc.com/2022/11/10/wedbush-removes-tesla-from-its-top-stocks-list-says-twitter-deal-an-albatross.html), Wedbush Securities has removed Tesla from its top stock list. The firm has called Musk’s Twitter deal a “train wreck disaster,” saying the celebrity CEO has “tarnished” the Tesla story and created an “agonizing cycle” for shareholders to navigate. +My workplace is going to open annual negotiations for payrises soon. + +This year, I plan to just ask for a % increase that means I'm not materially worse off than last year. + +So that means a % increase which accounts for inflation, NI increases and consumer price index increases, I suppose. + +What % should I ask for if I just want to cover the increase? + +Asking here as I imagine this will be quite useful info for many people. +I signed up to be a mystery shopper on www.BestMark.com many years ago. Signing up as a shopper is simple and free. + +About every 90-100 days, shops for oil changes and tire rotations come available. I get the oil changed and tires rotated for free, as well as a cash payment of $20-65. + +These shops are at dealerships and some of them require you to have their brand of car. The only one I've found that's absolutely adamant that you have their vehicle though is Ford, I've taken other makes to other dealerships without issue. But Ford requires that you ask about installing Ford specific accessories. + +You have to answer about fifty questions on a survey, take a photo of the receipt, pay for the service out of pocket, and then you're reimbursed. They payout every two weeks. + +I've never had a shop fail to pay. + +For something I have to do anyway, I might as well get paid for it. + +When I lived in a larger metro there were also shops for restaurants. "Eat at this place between this time and this time" that reimbursed $25-50 in food and drink and paid $8-20 cash. It's always nice to have a night out, even better if it's free. +https://www.ssa.gov/myaccount/ + +After creating an account / logging in, click on Earnings, then add the columns. If you have been working for many years, try copying/pasting the column in excel and using the sum function. + +The numbers don't list money not reported to the government, obviously. +~~I don't know if the numbers are before or after taxes.~~ + +e: Numbers are pretax. Thanks guys! + +e^2 : From the comments it looks like people don't know the answers to their security questions or are just discovering their identity is stolen...most likely the former. + +e^3 : My second post to make it to the front page! + +e^4 : [Canada look here.](https://www.reddit.com/r/personalfinance/comments/4iwo4v/us_find_out_how_much_you_have_earned_in_your/d32shp0) Austrailia and UK: Sorry mates, haven't seen anything posted here for you. +I just discovered this sub, and have to say it’s great to read about the experiences of others who are dealing with similar issues. I have never met anyone in real life in a financial situation similar to mine — the get rich slowly track. So thanks for being here and contributing. I hope I can add something useful to the discussion. + +About ten years ago my partner and I tried to fire. I had never given much thought to how to convert this money into a retirement income stream. Having started my financial plan in the roaring 90’s, I just assumed a 7% real return would be easy to get. Also I had no idea how to gauge risk tolerance. So, shortly after fire-ing, the market tanked. At the bottom, our net worth was probably 1.5M, including our house in a MCOL area. Experts were now saying returns were going to be more like 2.5%. Yikes. None of our friends or family would have pitied us, of course, because we were still in a great position compared to them — but it was a terrible feeling watching money going out for expenses at a totally unsustainable rate. After struggling with fear and disappointment, all the while trying a “more fulfilling career” that didn’t pay the bills (wow, that could be a whole post in itself) we both went back to our tech jobs. Our goal was abundance and security. + +Now our net worth is around 6.5M in a VLCOL area, our investment allocation is 40% stocks, 20% rental real estate, and 40% short duration CDs. We will retire when the jobs get annoying, which will probably be in a year or two, judging from the market cycle. It’s great to know that if the market tanks like it did back then, we will still most likely be fine. + + + + +I've searched this subreddit and am surprised to see there hasn't been a lot of discussion about moving to places with favorable tax structures (legally). + +Obviously as an American it's difficult, as you are expected to pay taxes even if you live abroad, but for other nationalities, changing your tax residency seems to have a large effect on how much you can spend an/or how much your net worth will grow after retirement. + +I'm in a flexible position where I am closing in on Fatfire (10.5M USD NW) and also have no hard commitments to where I am living (no house, or family nearby). I don't plan to have kids. The area I am currently living in has very high taxes (53% top bracket on income/interest/dividends which kicks in at 200k, capital gains taxed half). + +As moving forward my only income will be from an investment portfolio, it seems wise to move to somewhere with favorable tax structures. I'm very early on the research, but Panama, Cayman Islands, Singapore, Switzerland, Qatar, Belize, all seem like possible options that have very low (0 in most cases) capital gains tax. Obviously these examples are very different from each other, but all could serve as places to reduce taxes. + +I'm curious on if anyone has taken the route to become a tax-resident of a place with advantageous tax structures and how it has been. How much time do you spend in your new location and what have the main adjustments been? +Does anyone have goals of living differently than you do now? Move somewhere cheaper? I would want to get a cheap house in or close to nature, ideally with a garden with possibility of growing some of my own food. I would be able to partly live self-sufficiently. +selling options results in huge realized gains. Is there anything like tax loss harvesting to delay paying those taxes? I don't have any losses to harvest. +06:15 wake up + +06:30 charting(1 hour) + +7:30 20min run/low intensity workout (15min core stability and 5min cardio) + +8:30 shower + coffee + +09:00 office open (London open)+ economic calendar (ftmo,myfxbook) + news + +09:15 podcast (phsychology trading 30mins) + +09:30 first trade can be placed + +10:00-11:00 education 1 + +12:00-12:30 break + +12:30-13:00 education 2 + +13:30-14:00 high intensity workout (weights) + +14:00-15:00 education 3 + +15:00-16:00 free hour + +16:00-16:30 health/lifestyle education + +16:30-17:00 free 30min + +17:00-18:00 backtesting + +18:00 office closed (London close) + +&#x200B; + +notes: + +\-if daily target it hit in before 12:00, a free afternoon is possible + +\-at all times keep an eye on the charts + +\-the high intensity workout is because i always feel sleepy after i ate + +\-by education i mean checking other people's strategy and look if i can add something of it do mine (i know some people will say this is pointless since i'm profitable already but i love to see how other people trade the market and have their 'edge') + +\-usually i have 0-3 possible trades occuring in a day with my strategy + +\-some people will see this as overkill but i found that trading is very passive in comparing to my job i had in construction, so i need some variation/things on the side other than constantly watching charts 8 hours/day +-Jpow talking about cyber attacks +-NFT FUD +-Reverse repos ATH +-Student loans not being forgiven +-Evergrandes billionth bankruptcy +-Hedge funds getting REKT +-DOJ investigations +-Crypto tanking +-Insider trading not being addressed +-Swap disclosures + +None of this is financial advice. I needed to vent. + +It’s a lot slower when you’re going through it but you’re definitely going through it. + +I should feel jacked. I should feel like a victor. But the truth is, I’m not fucking dancing. + +The house of cards has started to topple. + +I’m still waiting for the real dip but when the shorts are trying to offload those rehypothecated shares, desperately searching for real ones, I’ll be gobbling them up. + +I’ve DRS’d my entire portfolio. Everything. + +I’ll be buying through the dip until I can’t buy anymore and calmly enjoying the ride. I’ve waited long enough. + +This is it. Don’t get scared now. 🚀 +It’s just thread after thread of insults, in-fighting, and people calling each other idiots over terminology. BTC vs. BCH. What a toxic place! + +Thanks for not being a _total_ dumpster fire, Ethtrader! +Going over Bonds with Apes to educate and point out major **liquidity issues** I see in the Fixed Income Market. + +Hello Apes… My beautiful Apes and Appettes of the world… I wanted to do some digging on the US Bond market. I believe there will be major issues in the fixed income space that are not being properly addressed. + +1. How buying and selling a bond is very different to a stock? +2. How big is this issue? +3. What does this have to do with GME and my computerstonky donk? + +SIFMA, is a fixed income research shop that has information on the bond market. [https://www.sifma.org/resources/research/us-fixed-income-securities-statistics/](https://www.sifma.org/resources/research/us-fixed-income-securities-statistics/) + +1. How buying and selling a bond is very different to a stock? + +The bond market has **Always** been less transparent than the stock market. For example, when a broker sold a bond they would add a 2.50$ “markup” to each bond on the buy, and each bond on the sell. A $5 round trip (per bond) to go in and out or make a swap. As such, this was always a lucrative business for Wall St and remained more under the radar. + +[http://news.morningstar.com/classroom2/course.asp?docId=5383&page=5#:\~:text=Markups%20are%20usually%20from%20about,a%20small%2C%20additional%20flat%20fee](http://news.morningstar.com/classroom2/course.asp?docId=5383&page=5#:~:text=Markups%20are%20usually%20from%20about,a%20small%2C%20additional%20flat%20fee). + +**The difference between a bond and a stock is liquidity - there is ALWAYS a buyer for your stock - but for your bond, you need to actually find a buyer.** The difference is that stocks have small spreads, like 1-20 cents, whereas bonds have much bigger spreads. (The spread is the difference between the bid and the ask). + +Let's take a look at one of my Favorites, **The Evergrande March 2022 bonds.** + +[https:\/\/www.bondsupermart.com\/bsm\/bond-factsheet\/XS1580431143](https://preview.redd.it/jxmxik1ogmc81.png?width=1252&format=png&auto=webp&s=8c50c437be6b93c6881028ab3fe18feed0b4ef3c) + +Above we have an Evergrande Corporate bond, that pays 8.250% annually, and matures on the 23rd of March 2022. + +Above, you can see the **ASK** is 18.5cents. And the **BID** is 11.5cents. This means the spread on the bond is about 7cents. \*7 cents is $70 per bond + +Bonds are issued in values of $1000, so a bond trading at 18.5 cents, is $185 a bond. These evergrande bond’s were originally sold with the promise to buy back on the 23rd of March, 2022 at $1000 per bond. + +The bag holders (looking at you large U.S Financial Institutions) are asking 18.5 cents per bond, but the buyer is only willing to pay 11.5 cents. If you check this daily there will be no movement or sale until the seller agrees to the price. + +This Evergrande Bond is illiquid, and if you buy it today, and Evergrande does not go bankrupt by March 23rd of 2022 (Less than 3 months), you will make over 3500% on the bond. This is their most Senior Debt and with that type of Yield to Maturity, it looks like Evergrande is 100 pct going out of business. + +I do believe that the Chinese played U.S financial firms, by selling them these “High Yield Junk Bonds” that are basically worthless. + +An older reddit post showed some of the Evergrande bond holds, everyone owns them. See link below and keep in mind the data is older. + +[https://www.reddit.com/r/Superstonk/comments/pt57ol/who\_are\_evergrandes\_bond\_holders\_here\_are\_the/](https://www.reddit.com/r/Superstonk/comments/pt57ol/who_are_evergrandes_bond_holders_here_are_the/) + +**The point with all of this is that this bond is illiquid - the sellers won't accept less than 18.5 cents, and the buyers won't offer more than 11.5 cents - this bond won't sell unless the seller lowers their price. 11.5 cents is about 30% cheaper than 185 cents.** + +2. How big is this issue? + +It's about $51 trillion big…If you include all the debt in the public markets in the U.S it is about $51 trillion… + +[SIFMA](https://preview.redd.it/do2wxd4tgmc81.png?width=914&format=png&auto=webp&s=085257fd7ce549c014abc761a2c17d8ee5056ce2) + +[SIFMA](https://preview.redd.it/izudbt0xgmc81.png?width=1138&format=png&auto=webp&s=977a24ae2bb65a4a962a7b43179a1579997f522f) + +The chart above is the latest I could find which shows how much Debt these crazy fools have been racking up. Last year, + +Interest Rates have fallen since the 80’s….. + +[When interest rates go down, the price of bonds increases, and bonds have rallied since the 80’s. Over 40 years! And now, the FED, wants to raise rates because inflation is crazy. ](https://preview.redd.it/vmnsjjt2hmc81.png?width=1230&format=png&auto=webp&s=7c989935e4fef12d4bd536aa05c0e0d4bcef7858) + +[Looking at treasuries for 2021, they all lost money \(Except the TIPS bond which is not sustainable\). 2, 5, 10 and 30 year bonds all lost money. And the further out you go, the more you lose. ](https://preview.redd.it/gdierkb9hmc81.png?width=1308&format=png&auto=webp&s=31d98097f24206c11c9435c730dd8e59980e424a) + +The chart on the right shows the impact of a 1% rise in interest rates. A 1% rise in rates will push the 30 year bond down 18%. So a retail client with $1million in the 30 year bond, would lose $180k, every time rates go up 1 pct. Rates go up 5% and the 30 year bond is almost worthless. + +So how many treasuries does the FED own? + +[The Taper, is when the FED stops buying these Treasuries.](https://preview.redd.it/luah59hdhmc81.png?width=1284&format=png&auto=webp&s=42b0af45cd2b475f4d699cec5d886df196df186a) + +The FED owns $5.5 Trillion of these Treasuries that pay a whoping 1.85 percent. + +According to the interest rate changes published by J.P Morgan Guide to the Markets, the FED stands to lose probably more than anyone… When these rates rise, the FED is going to get whacked. In addition, who is going to buy these bonds? + +(If anyone knows how, a fun analysis would be to break down the maturities of the treasuries that the FED owns, and actually map out losses of their pf against a 1, 2 and 3% rise in rates. + +[Inflation was reported at 6.9&#37; \(Nice\) in November of 2021. ](https://preview.redd.it/a4hpgypnhmc81.png?width=1330&format=png&auto=webp&s=2b05196cb8c9901fa4bdf6208be850a3d5abc2e7) + +[Nice... ](https://preview.redd.it/c009xkkuhmc81.png?width=310&format=png&auto=webp&s=5b7eaae2708158bfe769bd10c1c8471fae7f5b8f) + +Why do I want to tie my money up with the U.S Government for ten years, to lose 4% to inflation, and that's with no rate hikes. (Some people will say its Transitory, I say it's here and real) + +This was a quick overview of Treasuries. The only way the FED can print more money is to keep buying these Treasuries and Agency Securities (Even the FED doesn't want to hold this garbage). + +[Sounds like a good deal... ](https://preview.redd.it/ora6s3byhmc81.png?width=842&format=png&auto=webp&s=bdcffe294cb9200d2421c1034dbad51dd47617e1) + +[RATE HIKES ARE COMING!](https://preview.redd.it/ue97wrd2imc81.png?width=1302&format=png&auto=webp&s=1933d99427e9935310bcd5f1c4f8dbd3a5c112ff) + +[Flat Yield Curve... \(thats a juxtaposition if I ever saw one\)](https://preview.redd.it/l57k4bp6imc81.png?width=1266&format=png&auto=webp&s=3f23522ead1cea07c3e89e8e7dd1db18e6acee3f) + +The **YIELD CURVE** shows how interest rates and maturities correlate. The purple line is 2020, as you can see rates have dropped since 2013 and the curve is more flat - You make 1.19% if you hold the 30 year bond, .96% on the ten year bond, and so on. Is it really worth holding these 30 year bonds for a 2% coupon payment, and fluctuations of 18% every time rates move 1 percent. MOST people would rather be on the “short” (closer maturities) part of the curve - Now do you guys see why Burry is Short U.S Treasuries… + +And now, the SEC wants to sue CoinBase for offering a solid liveable interest payment on a product. No Bullshit… [https://www.nytimes.com/2021/09/08/business/coinbase-sec.html#:\~:text=Coinbase%2C%20the%20largest%20cryptocurrency%20exchange,interest%20on%20digital%20asset%20deposits.&text=1%20that%20its%20Lend%20product%20could%20violate%20securities%20laws](https://www.nytimes.com/2021/09/08/business/coinbase-sec.html#:~:text=Coinbase%2C%20the%20largest%20cryptocurrency%20exchange,interest%20on%20digital%20asset%20deposits.&text=1%20that%20its%20Lend%20product%20could%20violate%20securities%20laws). + +**The FIXED income markets are dead after years of lower rates. Inflation is hundreds of basis points higher than any safe fixed income investment out there. The DTCC, the FED and the Street does not want you to know this.** + +1. What does this have to do with GME and my computerstonky donk? + +**The Major Major Issue in the bond market is the illiquidity of the ETF’s. I think this is one of the most dangerous parts of the market that is being overlooked by the Financial Institutions. The truth is, there are no more reasonable income plays currently (I'm not talking about Crypto).** + +[**MARKET INSIGHTS**](https://www.ishares.com/us/insights) + +# U.S. bond ETFs hit $1 trillion AUM in October 2020 + +[https:\/\/www.ishares.com\/us\/insights\/etf-trends\/us-bond-etfs-1-trillion#:\~:text=Now&#37;20with&#37;20a&#37;20U.S.&#37;20marketplace,potential&#37;20benefits&#37;20to&#37;20many&#37;20investors.](https://preview.redd.it/sdyt76oeimc81.png?width=1260&format=png&auto=webp&s=3fa57b1ebd364301bc8e58861c1e051786c784e3) + +**Why am I pointing out ETF’s?** + +When buying Fixed Income, I would always advise a Mutual Fund over an ETF. The reason, the Mutual Fund has a team of analysts and traders. The Mutual Fund has a portfolio manager.If the mutual fund is redeemed the Fund Manager can go to the fund and sell the bonds they like. They can pick and choose and take the best bid available. The difference between and ETF is that its a computer buying and selling a blanket index when the fund is bought and sold. + +Remember, ETF’s are open end funds - so the ETF provider has to buy/sell the bonds in the ETF everytime an ETF is purchased. + +The “AGG” is one of the biggest broad market bond ETF’s and its total value is over + +$90Billion. + +[https:\/\/www.ishares.com\/us\/products\/239458\/ishares-core-total-us-bond-market-etf](https://preview.redd.it/2nb9o0wiimc81.png?width=1254&format=png&auto=webp&s=ec8481962f717b167f1e047ecdc6704831321258) + +If the FIXED INCOME markets start to decline, if people really do shy away from the negative total returns in bonds… These bonds along with the treasuries will be dumped in the market. + +With a computer doing the buying and selling, it could be a catastrophic liquidity event if the FIXED INCOME markets went thru a major sell off. This FUND ABOVE, the “AGG”, has no discrimination -Remember in part 1, Bonds need a buyer and a seller - **My Fear is that there are no buyers for most of the debt out there.** Once people wake up and start liquidating their Bond ETF’s the computer will sell the bond to the high bidder… they have to, to return money to the investor. + +So if your ETF owned Evergrande, you would be forced out at 11.5 cents on the dollar for a 89.5 cents loss from Par (face value). + +If the computer is forced to dump these bonds, they could trade very low, and that will affect margin in the same way the stocks do. While the Stonks are a major focus, the Fixed Income Markets pose real liquidity issues that the Street has no answer for. + +**My Final Thoughts…** + +**Fixed Income Investments are practically worthless. With Yields so low, and Inflation so high, these investments are not practical and will pose major liquidity issues to the bond and equity markets once the selling really begins.** + +SOURCE FOR CHARTS - [https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/?gclid=Cj0KCQiAip-PBhDVARIsAPP2xc1IQL1mKLma-nW3fvN-COQRsU8YNxOU3pMHyL4mo4ZK70alydanRH4aAkpjEALw\_wcB&gclsrc=aw.ds](https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/?gclid=Cj0KCQiAip-PBhDVARIsAPP2xc1IQL1mKLma-nW3fvN-COQRsU8YNxOU3pMHyL4mo4ZK70alydanRH4aAkpjEALw_wcB&gclsrc=aw.ds) +Guten Morgen to this global band of Apes! 👋🦍 + +Yet another week in the GME saga has begun, ripe with the potential to be the week that the MOASS begins. Friday had remarkably low volume - the first such day where the price closed above $200. It *also* had an uptick in the borrow fee to over 1%. That's certainly not going to prevent the borrowing and shorting of shares, but both are indications that DRS is having an impact and that Apes need to continue to DRS shares to ensure that the trend continues. + +Meanwhile, there continue to be hints that the Loopring partnership will be announced soon, quite likely before the end of the year, which would likely put such an announcement in the next week or two. While so far we can only speculate as to what it will be, the team that Ryan has assembled this past year gives me great confidence that it will be a huge step in the transformation of GameStop. The company that SHFs thought they could kill just a year or two ago is stronger than ever, has enormous support from consumers and shareholders, and is on a path to revolutionize retail. I am eager to hear what they are working on! + +Today is Monday, November 15th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$204.30 / 178,46 €** *(volume: 2344)* +- ⬜ 115 minutes in: $204.30 / 178,46 € *(volume: 2322)* +- ⬜ 110 minutes in: $204.30 / 178,46 € *(volume: 2314)* +- ⬜ 105 minutes in: $204.30 / 178,46 € *(volume: 2312)* +- 🟥 100 minutes in: $204.30 / 178,46 € *(volume: 2300)* +- 🟥 95 minutes in: $204.32 / 178,48 € *(volume: 2037)* +- 🟥 90 minutes in: $204.38 / 178,53 € *(volume: 1937)* +- ⬜ 85 minutes in: $204.39 / 178,54 € *(volume: 1826)* +- 🟩 80 minutes in: $204.39 / 178,54 € *(volume: 1807)* +- 🟥 75 minutes in: $204.36 / 178,51 € *(volume: 1797)* +- 🟩 70 minutes in: $204.39 / 178,54 € *(volume: 1691)* +- 🟥 65 minutes in: $203.07 / 177,39 € *(volume: 940)* +- 🟥 60 minutes in: $203.26 / 177,55 € *(volume: 905)* +- ⬜ 55 minutes in: $203.35 / 177,62 € *(volume: 905)* +- ⬜ 50 minutes in: $203.35 / 177,62 € *(volume: 902)* +- ⬜ 45 minutes in: $203.35 / 177,62 € *(volume: 861)* +- ⬜ 40 minutes in: $203.35 / 177,62 € *(volume: 807)* +- ⬜ 35 minutes in: $203.35 / 177,62 € *(volume: 802)* +- ⬜ 30 minutes in: $203.35 / 177,62 € *(volume: 802)* +- ⬜ 25 minutes in: $203.35 / 177,62 € *(volume: 744)* +- 🟩 20 minutes in: $203.35 / 177,62 € *(volume: 728)* +- 🟩 15 minutes in: $201.66 / 176,15 € *(volume: 421)* +- 🟥 10 minutes in: $201.60 / 176,10 € *(volume: 324)* +- ⬜ 5 minutes in: $201.97 / 176,43 € *(volume: 190)* +- 🟥 0 minutes in: $201.97 / 176,43 € *(volume: 163)* +- 🟥 US close price: $202.10 / 176,54 € *($201.00 / 175,58 € 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 1.1448. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I hope 2023 be good for everyone! It will be interesting year for sure.. what are your resolutions for the coming year? +Also please share if anyone was successful with any smart financial resolutions in 2022? :) +My father has just gone into a nursing home and I need to sell his house to pay fully-refundable deposit plus daily fees. He is 95yo and I expect (hope) he will enjoy many years there. + +I don't have the exact figures, but we're currently paying approximately $150 a day. By adding $420k frd the daily fees are reduced to approximately $100. + +The house has been valued at $920k. + +I need to invest the remainder in a way that is safe, and so that the daily payments can be withdrawn on a regular basis. + +Any advice and suggestions will be gratefully received. + +EDIT: thanks to everyone for your advice. I've decided to see a financial adviser in a couple of weeks. Your comments have given me some direction and insight into some options I hadn't previously considered. Thanks again. +https://www.cnbc.com/2019/08/03/apple-rd-spend-increases-fulfilling-tim-cook-doctrine.html + +Apple R&D spending is at all-time highs. + +It’s also spending the largest proportion of its revenue on R&D since 2003. + +Apple CFO Luca Maestri hinted that R&D would continue to rise, and said that the company’s $1 billion purchase of 2,000 Intel employees would require “upfront investment.” + +Another comparison: Apple’s R&D expense is still a fraction of what it spends on share buybacks. Apple said it spent $17 billion buying 88 million Apple shares during the quarter, over four times what it spent on R&D. +Investors pulled $16.2 billion from stocks in the past week, and added $11.3 billion into bonds and $53.5 billion into cash. + +BoFA said 9 of 10 clients believed the current market recover was a “bear market rally” and 7 out of 10 said they would only buy the assets that the U.S. Federal Reserve purchases through it various stimulus schemes. + +[https://www.reuters.com/article/us-global-markets-flows-bofa/investors-exit-stocks-at-fastest-rate-since-march-tech-fatigue-sets-in-bofa-idUSKBN22K163](https://www.reuters.com/article/us-global-markets-flows-bofa/investors-exit-stocks-at-fastest-rate-since-march-tech-fatigue-sets-in-bofa-idUSKBN22K163) +Now I know this is not really a 'Fat' strategy but hear me out.. I was speaking to a friend (who is FatFIRE'd) about hobby/investing crossovers, where you'd be OK with buying/owning even if it didn't pan out the way you were hoping. Since this is your hobby you'd theoretically be happy to do the research around it and have a better chance of success. + +Case in point: My friend owns multiple Richard Mille's, and last year saw about EUR500k in capital appreciation from his collection. He basically lists them out at inflated prices and every now and then some (usually Saudi) watch sourcing company buys one or two of his watches. He then rebuys from RM at list, given he is a longstanding customer, so a bit of a waitlist arb on top of the watch appreciation. The point is though, even if this current sports watch bubble crashes he doesn't care - he loves the watches and would then go back to being just a collector. + +Other examples: + +\- A friend bought a Ferrari 458 Speciale with 3 friends, share the cost and put on very few miles. Because this is a limited edition they think they have a very good chance of capital appreciation - they have done the same with a limited edition Lambo before with good results, and are in the process of buying a Diablo SV. Point is that again they are all enthusiasts and would be fine with owning it for a loss. + +\- I have a friend who tries to do the same with art but I'm not sure he is ever going to make actual $$ on this. + +\- Last year 'doubled' my money buying a few 2015 red vintages through a friend's wine storage/trading startup - again his hobby but turned into a full time business. Saw good appreciation in theory but not in enough size to make any difference - plus I intend to drink them. + +&amp;#x200B; + +Anyway, I was thinking of basically a more actively managed version of this: Buying a previous Gen (997.2 PDK) Porsche 911 and listing it on Turo. Seems you can do it with not a lot of work, especially if you don't price it too attractively, and get a feel for what is possible. Given Ferrari's and Lambo's generally lease out for crazy daily rates and few people have the time to drive out of the city and put on actual miles, thinking it might be possible to step up to that if it works on a Porsche. + +Interested to hear if anyone else has tried this specifically, or have any other fun hobby/investment crossovers they have tried or are considering (I know property falls into this category but this has been discussed at length before). + +EDIT: Apparently this is a terrible idea. The experts have spoken, and I will listen. As you were. +Currently interviewing for a VP of Sales role at an early stage startup. Trying to understand how I should be thinking about moving from a job that I like. + +35M with current NW of $2.4MM in brokerage, most of this came from my current job's IPO. My FIRE Target number is $5MM. Current annual income is $200K/yr with \~$125K in RSU vesting every year. + +My original plan was to stay at my current role, continue saving and let the NW grow until I hit my FIRE target. Am currently interviewing for a VP role at a startup which has a target to exit/sell in 3 years. I understand that nothing is guaranteed, and I already hit the jackpot once, I think it's unrealistic to expect to hit the jackpot again. + +My initial thinking was if they were interested in meeting my expected current annual income of $325k, then it might be worth gambling that the stock in the new company could be worth something down the road, but I wouldn't necessarily be losing a whole lot. This will probably solve itself, as it may be more than they're willing to spend right now. + +Ultimately, I'm struggling to evaluate whether I want to leave a company that isn't a burden and start over from scratch with the potential of doubling my FIRE target. This would be my 4th early stage startup, so I fully understand the work/effort involved. I'm in a comfortable place currently, and staying the course will get me there at roughly the same time. + +Thanks for your advice. +One of the oft repeated mantras on /r/investing is to never time the market and that the way to wealth is to DCA into bear markets. I have seen quite a few posts around here that are asking about alternative investment plans. Some are sensible, some .. not so much.I wanted to see if people practice what they preach, so are you still dollar cost averaging into this bear market?  + +[https://forms.gle/J1fJRruJWnYc8jgB9](https://forms.gle/J1fJRruJWnYc8jgB9) + +You can view responses from other people after answering. +I’d love to mingle amongst people who suffered true hardship, and didn’t have any safety net on their path to success. Interested to mingle amongst those whose parents were living paycheck to paycheck and yet against all odds they succeeded. People who never stepped a foot outside of state educational system, and took on all the education-related debts themselves. People who had no access to any “network” or any type of funding beyond what banks offer. + +I find it hard to find this type of crowd in the traditional members clubs. I did some research but I can’t find any such association. +Almost a year and a half ago I stashed enough cash for two weeks of bus fares in the top of my closet. Some unexpected expenses came up and I'm too sick to cycle to work like normal and I was contemplating on how the hell I was going to afford to get to work when I remembered the stash I had made specifically for this situation. +yes, you read the title right. i believe paper trading isn't something new traders should rely on in terms of getting better at trading. + +day trading specifically (in my opinion) is 80% psychological and 20% strategy. sure you can optimize a certain strategy/test on paper trading accounts, but you can not practice the psychological aspect of trading with a paper account like you can with a real account. + +whats the solution? trading live accounts with money you can afford to lose. just know that in the beginning you will most likely lose money and that is just the name of the game. so trying to avoid the inevitable is just wasting your own time. + +again, paper trading is great if you're just trying to learn your new platform or a certain strategy, but thinking paper trading will grant you magical trading prowess; you're dead wrong. + +nothing is better than the real deal. +I was at the DMV. Had to pay $218. I only had my Visa and they charged me $1+2.99%. I decided to pay the fee but I doubt anyone is going to use Visa if this keeps up. - Sorry for the altcoin pump :-/ +I’m holding until oblivion or financial armageddon. Truthfully only DFV with his Uno Tarot Cards and his Crystal Magic 8 Ball can see the future. I hope this sub can maintain its composure on its way to the moon because 500 million has a ring to it. 💎✊🏼🚀🦍🚀 (for fun search INPX, check out the price on 2/25/2005) wouldn’t that be nice? 🙏🏼 +Tesla Inc. (TSLA) has asked some suppliers to refund a portion of what the electric-car company has spent previously, an appeal that reflects the auto maker’s urgency to sustain operations during a critical production period. + +The Silicon Valley electric car company said it is asking its suppliers for cash back to help it become profitable, according to a memo reviewed by The Wall Street Journal that was sent to a supplier last week. Tesla requested the supplier return what it calls a meaningful amount of money of its payments since 2016, according to the memo. + +The auto maker’s memo, sent by a global supply manager, described the request as essential to Tesla’s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players. + +While Tesla said in the memo that all suppliers were being asked to help it become profitable, it is unclear how many were asked for a discount on contracted spending amounts retroactively. Some suppliers contacted about the request said they were unaware of such a demand. + +Tesla declined to comment on the specific memo. But it confirmed it is seeking price reductions from suppliers for projects, some of which date back to 2016, and some of which final acceptance many not yet have occurred. The company called such requests a standard part of procurement negotiations to improve its competitive advantage, especially as it ramps up Model 3 production. + +The surprising requests raise further questions about Tesla’s cash position, which has dwindled after it struggled to boost production of its first car designed for mainstream buyers, the Model 3. After months of delays, Tesla last quarter reached its longstanding goal of making 5,000 Model 3s in a single week, which, if sustained, will help it generate cash. + +Auto makers and suppliers have complicated relationships, each fighting for the best deal under immense pricing pressure. Supply chain consultants say sometimes auto makers will demand a reduction in price for a current contract going forward or use leverage of awarding a new deal to get upfront savings on a contract. But they say it is unusual for an auto maker to ask for a refund for past work. +So I got interviewed by an IT consultant company for a graduate position and I will find out by next week if I am going to get an offer or not, however I want to do a sanity check. The reason is as follows.... + +This potential job offer comes with a couple of caveats: + +1). At the start of the graduate programme, there is a 14 week training period where you DON'T get paid for this at all (except for traveling to and from the site capped at £20 per day) + +2). You then have to stay working for the company for 2 years on top of that working at different clients and may potentially be relocated throughout the UK during the 2 year time period. + +3) if one decides to leave the company before thr 2 years is up, they would then need to pay the company a "fine" for the training provided (£15,000) + +4) during the 2 year period, for the 1st year you will be paid £22,000 for the first year and £25,000 for the 2nd year. (which, if relocated at a different city means living on peanuts after rent and bills) + +The reason why I am dithering over this on the one hand you have got to deal with the above. + +But then on the other hand, the company trains you up well and for Software developers you can work at the blue chip and well knownd companies and get the necessary experience needed (and put down on my CV) in order to move up the ladder if you like. (since I am doing a Software development conversion course). + +Also, one of the trainers (it was his first time giving a presentation to us on recruiting) talked a bit too much and mentioned that after the 2nd year is finished, you can start to be able to demand the big wages (potentially £38-£40k+) (can someone clarify on this please) + +I understand that this company basically survives to an extent on recruiting graduates that are in this predicament of 0 experience = no jobs but I am feeling as if I might have to bite the bullet on this one and take a gamble for the next 2y and 3 months. + +Please advice + +Thanks + +Edit: I had a call today from them saying that they would like to make me an offer and that my start date would be September. BUT, I am going to use that as my motivation to GO ELSEWHERE! ( + +Thank you very much for your help. + +Edit 2: those of you who have messaged me privately, thank you soo much and If I haven't gotten back to you I am sorry but I didnt expect a big response like this. The number of people PMing me saying "work for my company instead, you get PAID during training for a first" shows what kind of a reputation FDM is. + +Again thank you so much and I will try to get back to those that have PM'd me but I haven't replied to yet tomorrow. + +Thanks and all the best! +DRS numbers being published each earnings report as going up millions of shares per quarter, basically proves that people are buying more than selling. I guess theoretically people could be DRSing all their existing shares slowly, but that doesn’t make any sense and even if that was true it still proves they aren’t selling. When someone DRS’s their shares it basically is saying “I’m in this for the long haul”. With more and more shares being objectively categorized as that, it signals very specifically and objectively that fewer shares are being sold which strongly suggests more shares are being bought than sold. This should tell other investors that the price should trend up. Therefore anyone who completely trusts the market to work as expected should want to invest in GME, regardless of any other sentiments. Those that don’t trust the market should also want to invest because they can see that the price is being suppressed. +The first earnings report to show fewer directly registered shares than the last will be a signal to sell…but I don’t believe that will happen until every share is locked. +Currently at 16 doors, close friend in same city has 22. Our goals are to have about 40-50 each, at what point would it make sense just to start our own PM and pay ourselves? + +Mind you, we're out of state investors so having a PM is an operational necessity. +[https://www.smh.com.au/money/borrowing/we-owe-45-billion-on-our-credit-cards-and-it-s-not-getting-better-20180703-p4zp6j.html](https://www.smh.com.au/money/borrowing/we-owe-45-billion-on-our-credit-cards-and-it-s-not-getting-better-20180703-p4zp6j.html) +Even though this will get burried in new. +Even though the chance of you reading this is close to zero. +Even though we did not meet in person and i dont know you well. +Even though you went silent since months. +Even though, back in the old sub which shall not be named there were FUD campaigns against you. + +**I will not forget about you.I miss you and hope you´re doing great!** + +https://preview.redd.it/fz1jzev35f281.jpg?width=3024&format=pjpg&auto=webp&s=46adeb11c94a2f7d2f24a8a8e23c9a79e0412f96 +I'll be moving around the EU a lot in the next few months (up to 1 year), so I'm closing down my main bank account because it's too much hassle with physical addresses and having to do certain requests in person. I also won't have permanent residence registered anywhere for a while. + +In terms of balance, it's gonna go up to 10k EUR. Card payment and cash withdrawals are the usual on a daily basis (30-50 EUR payments per card or larger 100-200 EUR cash withdrawal). + +Anybody in a similar situation, which one did you prefer? + +Revolut has accounts with monthly fees (for larger cash withdrawal options), whereas TW simply charges 2% once you go over the monthly limit but the account is free? I didn't figure out what N26's fees for cash withdrawal in other currencies (since EUR is without fees) for the free account are, maybe 1.7% ? + +EDIT Thank you for all the good suggestions and sharing experiences! +So, I’m 35 year old, I have no much time to spend to my retirement investment. So, I tried to find a low-fees performing lazy strategy (obviously with pros and cons). I don’t know if it’s the better one strategy, but I think it's not the worst one either. + +I funded my ETFmatic portfolio (EUR) (90% Stocks and 10 % Bonds) at the beginning of January 2018 with 2400 euros. + +After one-year (1/1/18-31/12/18), with ETFmatic 0.48% AUM fees (per year, 0,48% <25k and 0.29% >25K), **I have paid 9€ fees for 2018**. + +There were 20 transactions (new contributions and auto-rebalancing) over the year (15 Buy and 5 Sell). + +The proportional TER of ETFs held in the portfolio is 0.10 %. + +Here is the portfolio : + +||Instrument|ISIN|Acc./Dist.|TER%|Current %|T.E.R of ETFs held Portfolio| +|:-|:-|:-|:-|:-|:-|:-| +|1|VANGUARD FTSE DEVELOPED EUROE EX UK|IE00BKX55S42|Distributed|0,12|11,64|0,01| +|2|VANGUARD S&P 500|IE00B3XXRP09|Distributed|0,07|62,54|0,04| +|3|VANGUARD FTSE DEVELOPED ASIA PACIFIC EX JAPAN|IE00B9F5YL18|Distributed|0,22|2,21|0,00| +|4|VANGUARD FTSE EMERGING MARKETS|IE00B3VVMM84|Distributed|0,25|7,05|0,02| +|5|ISHARES FTSE100|IE0005042456|Distributed|0,07|2,77|0,00| +|6|HSBC MSCI JAPAN|IE00B5VX7566|Distributed|0,19|3,85|0,01| +|7|ETFS LO IM GLOBAL GOVERNMENT BONDS|IE00BSVYHQ11|Distributed|0,26|0|0,00| +|8|VANGUARD EUROZONE GOVERNMENT BOND|IE00BZ163H91|Distributed|0,12|9,76|0,01| +|9|ISHARES € INFLATION LINKED GOVT BOND|IE00B0M62X26|Accumulating|0,25|0|0,00| +|10|CASH||||0,17|| +|||||||Total TER 0,10%| + +I don’t know if we could say that the fees are high or not in comparison of the number of ETF, transactions (new contributions and rebalancing) and auto gliding path until your retirement date included in their service. Maybe the costs could start to be considered too high only from a higher AUM. + +Disregard ETFmatic's management fees, I think their asset allocation is consistent. + +There is also the lazy option to acquire 3 ETFs (see below Option A) or 3 passive no-load index mutual funds (Option B) via a broker or directly via a Vanguard account (I don't know if I can get one from Belgium ?), but you’ll pay others fees type, do rebalance and gliding the path to your retirement date yourself, it’s not a big deal for me. + +But, not to mention the tax that is specific to each country, I don’t know if you’ll pay significantly less fees with this strategy (option A and option B) than robo-advisor such as ETFmatic. + +Additional paperwork required when filing taxes on investments done through a foreign broker or robo-advisor like ETFmatic isn’t a big deal for me but if I can do without it, it's better. + +&#x200B; + +**I'd like to do my homework, so from Belgium or elsewhere in Europe where can I get, with low fees, these ETF and passive no-load index mutual funds to compare strategies (ETFmatic vs option A vs option B) about asset allocation, fees, tax, time consuming, point of view please ? Another solution than** [DEGIRO](https://www.reddit.com/r/EuropeFIRE/comments/6j50yz/brokers_you_get_what_you_pay_for/) **please.** + +&#x200B; + +**Option A - ETF (by example Vanguard, Amundi, Lyxor, …) :** + +* 83% Vanguard FTSE Developed World *IE00BKX55T58* Distributed (TER 0,18 %) +* 7% Vanguard ftse emerging markets *IE00B3VVMM84* Distributed (TER 0,25 %) +* 10 % Vanguard eurozone government bond *IE00BZ163H91* Distributed (TER 0,12 %) + +**Option B - Passive no-load index mutual funds (by example Vanguard, Amundi, Lyxor, …) :** + +For stocks, inspired from /u/quietinvestor (basically, replicating the MSCI ACWI Index with this asset allocation) + +* 83 % Vanguard Global Stock Index *IE00B03HCZ61* (TER 0.30%)replicates MSCI World Index, which is made of large and medium cap stocks from developed countries. +* 7 % Vanguard Emerging Markets Stock Index *IE0031786142* (TER 0.40%): replicates MSCI Emerging Markets Index, which is made of large and medium cap stocks from emerging markets. +* 10 % Vanguard Euro Government Bond Index Fund - Investor Accumulation (EUR) *IE0007472115* (TER 0.25%) + +EDIT1 + +~~We have tax exempt amount (640 €/year 800/year in 2019) on dividend. If I have choice I prefer to go to accumulating (less paperwork with dividend) but it's not a big deal until a certain AUM.~~ + +I'm trying to confirm this information, but bad news, it only concerns stocks, not ETF or funds. If someone could confirm my information please. + +So obviously, in this case it's better to avoid a maximum distributed ETF or funds. +Hey everyone, so here's my story. + +I had always had trouble with money, it seems to run in the family. 2 and a half years ago I finally managed to get myself together a bit, got a good paying job, paid off my debts and saved 5 thousand euros, but unfortunately 1.5 years ago I was diagnosed with stage 4 cancer, due to which I lost my job and burned through my savings and even accumulated 5k of new debt. + +Anyways, I am now fortunate enough to have gotten into remission and the chemo did not mess me up much so I am still able to work quite well. I also finally got a new job last month, but as I found out this week, banks and other loan services require at least 3-12 months of paychecks for a loan, not just one. + +Out of the 5k of debt, I owe 3k to my friends and family, and they are very supportive and do not need the money back immediately. The other 2k however, I owe for rent, electricity, internet and healthcare, which I absolutely cannot afford to lose access to. I also owe 400 out of the 2k to the state, because I was caught smoking a joint in public and they are threatening jail (did not matter that I was in the middle of chemo). + +I'm sorry if this is written in a highly confusing way but I'm very anxious as it seems that I'm just simply not capable of escaping my financial troubles. What can/should I do? +Hi there + +I guess there is not surprise for anyone in this group that most advices found online are mostly focused on the US market and US law. With all that said I was wondering if there are some EU alternatives or to some "loopholes" that allow us to pay less taxes. + +I'm based in Portugal but I guess this thread will be more useful if you share info related to your country in the EU + +Please don't spend time providing taxe evasion tips, let's try to focus on taxing rules that us investors can take advantage to pay less taxes + +Some common tips found online + +Roth IRA - An individual retirement account that allows tax free growth if you withdrawal in retirement + +Long-term capital gains - If you hold an assed for a long time (1+ year) you pay less taxes + +Stepped-up basis - When you inherit an assed and the cost basis is adjust to the moment you received it, not the moment it was bought, let's say for you dad or mom. + +I'm sure there are more so feel free to add it +I recently created an account on IB, because I got tired of paying high commisions by investing via my bank. +So if I invest in S&P500 via my bank they charge about 10 eur each time and I do it about once every couple of months. +I created an IB account and tried to invest in VOO, but I can't since I'm a 'retail' client. Googled it a bit and I guess it's because of some EU law that they don't want me to invest in US. So is it true that my only option is to switch to a 'professional' account and pay higher fees? +So if I understand correctly, in Germany the most tax efficient way to invest in ETFs is to invest in a distributing one until your tax free allowance of 801€ is reached, then switch to an accumulating one. I'm wondering if the advantage is big enough to really make it worth it or if I should just keep my portfolio simple and stick with the distributing one only. + +My example calculation is the following: If you have an MSCI World that distributes 2%, the first 40000€ of your portfolio are tax free. If I have 100000€, then the tax would be 60000 * 0.02 * 0.25 = 300€. The accumulating ETF would only tax 70% right away, that's 90€ that are deferred and that can work for you - this is pretty small and shouldn't make a big impact even in the long run. Am I missing something? + + +EDIT: Thanks for all the helpful answers, I really learned something today. It's scary how badly these tax issues are explained on sites like Finanztip. +I'm sorry to ask this here, but I was "welcomed" with non-sense hostility in the austrian subs and "finanz" groups because my german is not good enough to ask this question and discuss the details in the language... + +So I would like to get some advices or insights about investing in Austria. Which broker or platform would you recommend and what are those catches in laws which one should know before start investing here? + +I did my research about taxes and laws, but I always feel I'm missing something and honestly, I couldn't find a single english speaking accountant in the Linz area... + +I found FlatexAT so far, but they don't seem right to me, besides the horrible UI it looks like they don't offer stock options from U.S. exchanges? + +BitPanda was the other one where I could invest into anything basically, but they are only Austria based and founded, not really tied to the country in terms of assets. + +My bank, Sparkasse Österreich also offer some investment plans, but it's really expensive and one can't start it with small capital (<5000$). + +Thank you in advance! +Soon to be homeowner (2 days) with my partner, sharing all costs so it's more than affordable and we have over budgeted for gas and electricity. Regardless I'm seeing the date April being thrown about a lot and am starting to get nervous as to what's actually changing, can someone please fill me in on what I can expect? Cheers all +I am asking for advice as my girlfriend has sold an apartment in Russia a while ago, and is living in the UK. All of a sudden war breaks out and in one day the currency of her saving account has dropped by quite a bit. + +Her savings account has 6% interest rate. + +Personally i have adviced her to convert it as soon as possible to euro's or pounds, whatever option she has to get it out. + +I am curious what you would recommend, and what you would do? + +She is hoping to buy an apartment in the UK within 1-3 years, and needs the savings for this. + +Update: +The money is being converted to pounds. Afterwards in anyway possible they will be withdrawn. + +Thanks to all of you who gave me kind and swift advice :) +Can we just imagine some of the headlines… + +“Dow drops 75% over 1 month after half of Earth’s population wiped out by Thanos” + +Or something like… + +“S&P 500 drops 15% pre market after a wormhole opens in New York” + +Lmaoo +I'm sorry for the stupid questions but I'm very interested. I know you can make profit on any amount but how much Capital would you need to trade full time? Thanks +I just started trading live last week and I have a 77% win rate at the moment. I would like to increase my profits per trade, reduce my number of trades because my goal it to make between 1-10% of the account per day (I'm averaging between 3% and 5%). I'm playing it safe as I learn because it's only my live second week (I trade a demo account to practice and test out trades and to ride out the emotions of trading). + +My question is when do you think is a good time to scale up the lot sizes? I'm seeing people suggest I should be trading larger sizes than I am to hit my targets and goals for this account. On the other hand I know with the leverage I don't have as much room to fail as I do trading smaller lots. + +My goal is to use this as an income stream so I can stay home with my daughter and keep up with inflation 🤣TIA +YOU GUYS HAVE BEEN VERY HELPFUL! Thanks for the answers :D + +Hey GUys im new to forex and I want to succeed, How much can I realistically make with 30k risking 2% of my account with a 1:2 maybe 1:3 avg trade per month. + +I know lambo status will take 4-5 years with a big enough capital to trade with, but I really just want to be able to make anywhere from 3-5k a month off trading. I see many people doing 5k a day with 100k accounts... can I believe them? + +&#x200B; + +I see people saying things like 40 percent a year is incredible, which seems kinda low. + +ALSO is ftmo real? from your personal experience, let me know. + +EDIT: the point is I'm scared and I'm seriously doubting my abilities, i flipped a 50k into 100k (i know, not realistic and stupid) and then i decided to take it seriously with a demo and stick to my plan, journal and my rules, made 12k In two weeks off a 50k account. I'm debating if I'm good enough to give ftmo(10k account $150) a try or maybe do a 1-2 k live money account +Edit 2: I want to make another Edit at the beginning of this post to clear up misconceptions about this post. The title of this post says "buying spree" but I'm just reusing the language used in the article quotes. The said buying spree likely consisted of longs, shorts, options, swaps etc. to stop their portfolio from collapsing. + +Okay, I think I just figured something out + +I want to start by prefacing that this is my first ever DD post, so I apologize if there are any formatting issues, and I am open to criticism here. Also, none of this is financial advice. + +TLDR; Bill Hwang ordered his traders at Archegos to go on a buying spree in March 2021 when his inflated portfolio started imploding on itself. We witnessed this buying spree on March 10th when the price of GME dropped from $348 to sub $200 levels and I am speculating that this price drop happened because of the rampant "buying spree" by Archegos, + +TADR; Read the title. No cell, no sell. DRS, HODL. + +Okay let's get into it, From the SEC press release today: + +"The SEC’s complaint alleges that, from at least March 2020 to March 2021, Hwang purchased on margin billions of dollars of **total return swaps.** These security-based swaps allow investors to take on huge positions in equity securities of companies by posting limited funds up front. As alleged, Hwang frequently entered into certain of these swaps without any economic purpose other than to artificially and dramatically drive up the prices of the various companies’ securities, which induced other investors to purchase those securities at inflated prices. As a result of Hwang’s trading, Archegos allegedly underwent a period of rapid growth, increasing in value from approximately **$1.5 billion** with **$10 billion in exposure** in **March 2020** to a value of more than **$36 billion** with **$160 billion in exposure** at its **peak in March 2021."** + +Using Swaps, we already know this because is was called by none other than the brilliant Pomeranian u/criand himself. the next paragraph gets juicy: + +"The complaint also alleges that, as part of the scheme, Archegos repeatedly and deliberately misled many of Archegos’s counterparties about Archegos’s exposure, concentration and liquidity, in order to get increased trading capacity so that Archegos could continue buying swaps in its most concentrated positions, thereby driving up the price of those stocks.  **Ultimately in March 2021**, **price declines in Archegos’s most concentrated positions allegedly triggered significant margin calls that Archegos was unable to meet,** **and Archegos’s subsequent default and collapse resulted in billions of dollars in credit losses among Archegos’s counterparties"** + +Source: [https://www.sec.gov/news/press-release/2022-70](https://www.sec.gov/news/press-release/2022-70) + +Hmm, okay so Archegos' portfolio was starting to collapse in March 2021... what did Mr. Hwang do about this? Well let's look at this Bloomberg article: + +"The indictment said Archegos’s positions were inflated with the use of borrowed money and derivative securities that required no public reporting. When the market turned against the positions in March 2021, **Hwang directed the fund’s traders to go on a buying spree in an attempt to prop up their price, federal prosecutors charged.**" + +Source: [https://www.bloomberg.com/news/articles/2022-04-27/archegos-founder-hit-with-criminal-charges-in-massive-fund-rout](https://www.bloomberg.com/news/articles/2022-04-27/archegos-founder-hit-with-criminal-charges-in-massive-fund-rout) + +Another source, the WSJ: + +"The dynamics favoring Mr. Hwang had shifted by March 2021, by which time his strategy had left Archegos highly vulnerable to volatility in a small number of stocks. Already pressured by mounting losses in companies including Baidu and Farfetch, the announcement of additional financing by ViacomCBS in late March sent its stock price falling and effectively triggered the unraveling of Archegos. + +Rather than sell positions to meet margin calls from lenders, prosecutors allege, Mr. Hwang told his traders **“to engage in a desperate buying spree in an attempt to reverse the price declines of stocks underlying Archegos’s core positions.”** But the efforts couldn’t staunch the bleeding." + +Source: [https://www.wsj.com/articles/archegos-founder-and-cfo-charged-with-securities-fraud-11651059901?mod=business\_minor\_pos4](https://www.wsj.com/articles/archegos-founder-and-cfo-charged-with-securities-fraud-11651059901?mod=business_minor_pos4) + +I'm most of us are familiar with what happened on March 10th, 2021 to the price of GME stock, but for those who are not, here's a chart: + +[Source: https:\/\/www.cnbc.com\/2021\/03\/10\/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html](https://preview.redd.it/du2knm88n4w81.png?width=740&format=png&auto=webp&s=b92dffa4799136b03a808fc65e809b91ed24c59c) + +The price of GME dropped from $348 to under $200 dollars in 25 damn minutes. I believe that this was an instance of Archegos going on a said "buying spree" to try and avoid being margin called. + +Now I'm not 100% on the dates of all these events, all I know is that this happened in March 2021, and the March 10th connection is purely based on speculation from me at this point, but I'd like to hear feedback from the community to get some more perspective. I could be wrong here, but this clicked in my head just now, and I had to write up this post. + +Hedgies are fuk. + +Edit: I want to make it clear that I am speculating that Hwang ordered his traders to go on this "buying spree" which would also include shorting any stocks they had short exposure to. So not necessarily going long on something but going on a "spree" of inflating their positions (short and long). + +Edit 3: changed flair to speculation/opinion +Curious to know what your spouse is entitled/not entitled to in the event of a divorce, looking for insight on: + + +Is your spouse entitled to the funds in the the tfsa/rrsp/non-registered account +What about the funds you amassed prior to the marriage? +What about future additions to the tfsa/rrsp/non-registered account? + +Basically asking is there a way to essentially say all funds in these 3 accounts are off limits as part of a divorce. + +Any thoughts from anyone or past experiences +Listen up you fucks, for most of you this is your first rodeo so let me tell you how this whole thing works. Some of you might remember me when I told you to hop on this tendie train at 9$ [when MSFT deal happened](https://www.reddit.com/r/wallstreetbets/comments/j7i28q/gme_launching_right_about_now_microsoft_agreement/), by [my DD about why GameStop is worth 138$](https://www.reddit.com/r/wallstreetbets/comments/jcjqba/gme_long_thesis_why_40_target_is_actually_a/) or by my other posts I've made here for months. As you've noticed, I LOVE THE STOCK. + +I've held through -90% at the lowest to +10,000% at the highest and I continue holding. I'm down $300k from the ATH at this point and I don't fucking care because this whole thing is far from being over. + +Now get these points through your thick head: + + +* **This is a fucking volatile stock.** + +This is how it goes: it shoots up, GME gang rejoices, a bunch of retards buys at the top. Then it crashes down for a while, 🌈🐻 keep blabbering about how the squeeze has squoze. Rinse and repeat. Every time it shoots up it does it more violently, the amplitude getting larger and larger. And every time it does there is a number of dickheads whining about not buying earlier: + +"I wish I bought at $9..." - when it shot up to $13, and them came down + +"I wish I bought at $11..." - when it shot up to $20, and them came down + +"I wish I bought at $17..." - when it shot up to $70, and them came down + +"I wish I bought at $40..." - when it shot up to $150, and them came down + +"I wish I bought at $60..." - when it shot up to $450, and them came down + +**Being in GME gang was always about not caring about temporary swings, because in the end, the price always sets a new ATH** + +I've seen this shit happening so many times since October that I just sit there and smile while history repeats itself and my porfolio swings 5-6 digits. + + + +* **GME was never a squeeze play**, despite what a lot of you retards think. + +Read any DD more than a month old, the whole company is massively undervalued . Read about Ryan Cohen, a person who made a dog food company worth $45bn and who is a fucking shark, once he sets his mind to something he will never back down. Thanks to him we now have a star team assembled at GameStop formed of [Matt Francis, CTO, former Engineering Leader at AWS; Kelli Durkin, Senior Vice President of Customer Care, former Chewy’s Vice President of Customer Service; Josh Krueger, Vice President of Fulfillment former senior fulfillment roles at Amazon, Walmart, and QVC](https://www.dallasnews.com/business/retail/2021/02/03/gamestop-announces-three-new-hires) (do I need to mention Reggie Fils-Aimé of a fucking Nintendo?). I am a firm believer that Cohen will manage to grow GameStop at the very least to the size of Chewy ($45bn market cap). Guess what GME has? $4bn. That's 12x bagger and I'm being very conservative here. + +**This is not about squeezing the hedge funds, this is about the company establishing it's true share price with wild swings along the way thanks to the 🌈🐻s**. The true price for me is (conservatively) the size of Chewy, which translates to $650. I know I said $138 in my previous DD a few months ago, but it was before all the recent news of Ryan Cohen taking over with his star-team. + +MOASS was a cherry on top (and still is on the table), not the main play + +Also, GameStop had a $6bn in revenue in 2019, Tesla had $24bn. Think about it for a moment + + + +* **Short interest is still through fucking roof**. + +I know you're used to 100%+ SI and the new 41% number does not quite gets you off, but it's still fucking abysmal. VW, OSTK happened on less than 20%. Also keep in mind that this number is for 1/29, literally the top when a lot of shorts covered. It does not account for all the shorting that happened on the way down to $50 which I guaran-fucking-tee you was massive. Just wait and see the next report with increased SI, the shorts never learn. + + + +**TL;DR:** GameStop is still undervalued. Conservative PT is $650, ambitious - $1200+ (assuming Ryan Cohen's success, which I don't doubt for a single moment). Short squeeze will last for a long time similar to $TSLA squeeze, with wild swings along the way - old shorts will cover, new ones will pile in because the bLoCkBuStEr narrative is still strong. This is still a risky gamble, no such thing as a sure bet, but the risk\reward is massively skewed to the upside + +If you have short-dated calls you might be fucked, might be not. If you have shares or LEAPS, just get away from screens for a while if it's unbearable for you, but ultimately you'll be fucking loaded. This is one of those situations when in a year or two the price is $3000+ and you post your cost basis of $70 and all the paper-handed bitches in the comments scream "WOW HE FUCKING HELD GRATZ" + +**Positions:** some Apr 40c, some Apr 200c and a shitload of Jan 2023 950c. Will dump the remaining cash into 2023 calls at open +Good Morning Apes ! + +So what can we expect this week? + +As of Friday internalization and price suppression via puts was still on the menu. While they churn through FTDs and try to maintain a low price point to do it. + +With the threat of massive gamma exposure looming above them this coming Friday it is in their best interest to keep prices low until Jan. 21 expiration. + +[Some DIX pics](https://preview.redd.it/z4mhcp243gc81.png?width=2527&format=png&auto=webp&s=90d810e157ee2cae964a9865bc3d2950f5cb3a84) + +This asymmetric risk will need to find an equilibrium at some point, we don't know how long they can internalize but we know that it's expensive and the more this FTD cycle winds up the more pressure it puts on their margin. + +TLDR: SHF can only internalize DIX for so long. + +But on the technical side it looks like we could drop a bit lower this week. + +[With the trend showing a drop to 104.50 and a gap to fill at 91.81 there is still potential to the downside. ](https://preview.redd.it/kprkoqp94gc81.png?width=1557&format=png&auto=webp&s=affbfcf08c1608f3f5a96249ea37d8c445aebbae) + +Not to mention the massive amount of put OI at 100 + +[While most of this looks like Short Puts for Synthetic Long positions, some of this OI could very well be Long Puts. Giving them incentive to drive the price lower. ](https://preview.redd.it/41pti0rk4gc81.png?width=2006&format=png&auto=webp&s=c132228e52c6bfdd2c2b2c3d13ae11eca69ac6b8) + +So while this can break to the upside at any time the near-term looks a bit bearish, but as soon as that internalization dumbs and the massive put volume is closed out the upside potential could be realized very quickly. So continue to enjoy the dip while it lasts. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +Well we found an intraday floor at 104 before coming back up into the end of the day but still red overall. FTD spike for Dec. 21 is fantastic news as it is higher than even the Sept. spike and now the highest within the last year. Many if not most of these FTDs are in ETFs. Much like November 3rd we can expect these FTDs to create buy pressure. Thank you guys for tuning in and I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/ylyghy8ahic81.png?width=726&format=png&auto=webp&s=970ef78821adafd021ee87a721f27c28873cdc0d + +Edit 4 2:45 + +Breaking up above VWAP going into power hour, hit ssr on that drop stabilized and reversed trend. + +https://preview.redd.it/vtok7w3w2ic81.png?width=1546&format=png&auto=webp&s=e38b464a0b03db17f5bf514957e2b845895854b8 + +Edit 3 12:52 + +Holding that 104.50 mark...tentatively for now a slip below this could mean a drop as low as 91.80 + +https://preview.redd.it/afezfe1pihc81.png?width=1534&format=png&auto=webp&s=f736d788f5bf82e1b9bd3bb5301f8f011ea070d5 + +Edit 2 12:04 + +Still holding onto this 108-110 range. But some preliminary FTD analysis from the current report for GME and GME containing ETFs. + +[Remember Remember the 3rd of November...](https://preview.redd.it/oa8lq566ahc81.png?width=1635&format=png&auto=webp&s=93d00bd5daf5245d0197915a0d37d0e9414d2a34) + +https://preview.redd.it/rt3yefk7ahc81.png?width=1542&format=png&auto=webp&s=a74a2e7e8b5d4b62995bb23aec3ca7b8684f2a5f + +Edit 1 10:13 + +Drop at open with some shares getting returned to ibkr and some borrowed from fidelity. Seems like we are holding to 110 for now. Still have large numbers of puts being opened. + +https://preview.redd.it/noao5w29qgc81.png?width=1551&format=png&auto=webp&s=27278fcfb023210cc404d107017f34141795e3c0 + +# Pre-Market Analysis + +S&P Futures took a beating overnight and we are seeing some of the effects of that this morning in pre-market already. G2SC was up yesterday a little bit and hopefully that is a portent of things to come for GME this week. It may just be the pressure from the market dip keeping us down as we already tested 120 to the upside this morning. + +Volume: 39.6k + +Max Pain: $137 + +Shares to Borrow: + +IBKR - 15,000 @ 1% + +Fidelity - 257,240 @ 0.75% (rate went back down with shares returned over the weekend) + +[GME pre-market 1m](https://preview.redd.it/59nqkc687gc81.png?width=1535&format=png&auto=webp&s=fe0d3bd39f0bdff6f0f41cae5c2331f90b6045ea) + +CV\_VWAP + +https://preview.redd.it/xx3zu7no7gc81.png?width=2455&format=png&auto=webp&s=b2b2aef393148dbd2d412a7751616997d2793757 + +TTM Squeeze + +https://preview.redd.it/godk558v7gc81.png?width=2450&format=png&auto=webp&s=e277bf25f44902c889d0d06167fced2f4f5db1de + +MM FTDs + +https://preview.redd.it/bw9t81m28gc81.png?width=373&format=png&auto=webp&s=d20d5e603666f7b72060cd9d2f2849a3b2290f13 + +ETF FTDs + +There appears to be no short volume reported for 12/2 at least not on my usual so source so I found this but it gives less info + +https://preview.redd.it/8tdmuk8k8gc81.png?width=164&format=png&auto=webp&s=094cb85b8f8673caf7909f1c373135d6a80ab9e1 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Hi all, + +I am 36 years young and looking to FatFire within the next 7 years in a Midwest USA LCOL area. Current net worth is $6.5MM. I work in a pretty high stress environment where I can have years where I make $1MM in W2 income and the following year make $100k. Essentially sales in a volatile industry😂. + +Although I track both, I make projections for my retirement based on future cash flow rather than net worth. I own some commercial property that will be free and clear in 7 years and also own LP interests in commercial RE, alongside a hefty position(relative to my net worth) in two public non-traded REITs(yes I am familiar with the risks and very comfortable with these two conservative REITs). + +My question is do most of you have a net worth target or a cash flow target? With my current projections, I could retire at my 43rd birthday with an annual cashflow in the $500k range but I project that we will only need about $20k/month to live comfortably. I plan to reinvest the excess, which should continue to increase our cashflow at a decent clip. It all sounds really good on paper, but I am just making sure that I am thinking of this correctly! Fatfire seems more about cashflow than it does networth, correct? Does what I outline above sound like fatfire or more like fire? + +On a side note, my desire to fatfire at 43 puts me retired the year my oldest child starts high school and will enable me to coach/be as active as he wants me to be in his athletics and academics. Life is short and I only have one go at this. I could work a couple more years, but I think I would regret not spending more time with family over a regret of not working a couple more years to have a little more income if I were to kick the bucket early in life. What do you all think of my thought process there as well? + +Update more info: The $500k is purely passive income from real estate, dividends, and REIT distribution. I would not be dipping into principal. I would actually be adding to investments annually with the excess $200k+. Sorry I wasn’t clear on that before. +It takes weeks upon weeks to slowly climb in the charts, then within a few hours it we're right back to where we were months ago? Yeah, that blows. The fact that crypto is just some game for rich people to dip out of the microsecond something threatening from the Fed happens sucks. The fact that people bought only to see things dip like crazy sucks. + +And most importantly - all the people who are curious about crypto, and want to learn more and get in, but then see the prospect of losing 15% of their investment in a couple of hours and avoid crypto like the plague, THAT FUCKIN SUCKS. + +Sure, buy the dip if you've got money, make your trades, come here and make your post assuring everyone everything will be ok and act like we're all idiots who can't see you're just assuring yourself more than anyone. I'm not impressed anymore. It's fine for all of us to be bummed about this, and it would be great if this subreddit was a place that didn't make anyone who felt that way feel like some kind of stupid investor for having those feelings. + +__edit__: alright I'm disabling inbox replies now. Nothing new being said, my responses are clear, and there's now countless comments doing exactly the very thing I called out. All I'll say is if you're feeling bummed today, you're not stupid, you're not a bad investor, and it __absolutely does not mean you should leave crypto.__ It's a normal reaction and having that feeling isn't the same as throwing in the towel and giving up. Peace +Hey fam, + +I have a outstanding mortgage of $450K on my home, however recently my online business exploded and I now have enough to pay off at least 70% of above mortgage. + +I am at 4.34% interest rate due to low doc loan (my credit file has small default $8k in Jan 2016) it will be deleted this January. + +I am not sure if I am better off paying down this mortgage or Investing in ETF etc + +Cheers +Part of the amortizing loan goes towards principal pay down which builds the equity position of the investor. I’m interested in learning more about how investors treat this during their analysis. + +I’ve seen it both ways, that is included and excluded from investment return analysis. + +Do you account for it? Why should you? Why shouldn’t you? +I have a friend who is a real estate agent and she wants to be my agent but she’s kind of new. Is it crucial to have an experienced agent on your side? +I saw a similar post here, asking about 2008’s market crash. So I thought I would ask about the crash of 1987. What was the infamous, “Black Monday,” like? +Since this is me, and I’m a victim of all this toxic productivity, I figured I’d share a quote I just came across. + +To measure the quality of your life, simply do nothing and see how it feels. -Naval Ravikant + +So, I guess I’ll ask. How do you feel? + +I’ve had some guilt around doing nothing lately and this helped me see some clarity. Hopefully it can help you as well. + +It feels great. +SuperstonkBot is a part-bot, part-web interface where people can anonymously submit posts to r/Superstonk, and it is now fully tested and functional. + +https://preview.redd.it/8yc92c7scxt61.jpg?width=900&format=pjpg&auto=webp&s=bd897c2d817da7b0963fa30309e73d90b552f268 + +# About SuperstonkBot + +After users submit posts via [www.superstonk.net](https://www.superstonk.net), it will be loaded into a review interface usable by approved Reddit accounts, which currently includes most mods of r/Superstonk. Both systems are strictly separated from each other, also geographically, for security reasons. + +If the moderator team approves, the submission will be published anonymously via u/SuperstonkBot. The submission cannot be edited; only approved or declined, with the exception that title can be edited (this will only be for certain posts that otherwise would be declined). + +If the team declines the submission, it will be deleted permanently, but in all cases the submission and related information is deleted from the databases. Also, it does not log IP addresses or any information other than the submitted text. + +Here are the reasons for a moderator review team: + +* to primarily prevent spam, harassment, doxing, improper content (i.e. porn), and likewise +* to make sure the rules are being followed; though minor exceptions may be made +* to generally fact check posts and test links for authenticity +* to decline posts that are of little substance in favor of posts with high substance, such as Due Diligence and data leaks + +If you submit to SuperstonkBot and did not see it approve within a day or two, please try again after making some edits considering these guidelines. It is impossible to recover your submission if declined. Please just submit again and it may be approved. + +https://preview.redd.it/6gtwy8kfext61.jpg?width=720&format=pjpg&auto=webp&s=da8ab3e61fb6bea1438f863b3c80362f0fa10645 + +# How to Submit to SuperstonkBot + +1. **Visit** [**www.superstonk.net**](https://www.superstonk.net) +2. **Write and submit your post** +3. **Wait until our team has reviewed your submission (please be patient)** +4. [**Watch the latest posts**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22) **of** [**u/SuperstonkBot**](https://www.reddit.com/u/SuperstonkBot) **for your post** + +IMPORTANT: u/SuperstonkBot and its submissions adhere entirely to the disclaimer featured on the subreddit, r/Superstonk, and do not in any way represent the views or beliefs of the moderator team, users on Reddit, or the creator. This is a tool designed for anonymous submissions and will be utilized in that fashion, and never to censor or manipulate the content submitted, and only to prevent rule-violating or illegal content from being posted. + +Please send questions and feedback to u/richie_de_87 or contact the moderator team by Modmail. + +If you want to reference updated information, [please visit and bookmark the SuperstonkBot wiki](https://www.reddit.com/r/Superstonk/wiki/index/superstonkbot). + +https://preview.redd.it/w2uvjbcsext61.jpg?width=1024&format=pjpg&auto=webp&s=9ecc8b7ab355233d1604fd8f1d8f3e6899b33611 + +# A word from the creator + +>The day my fellow apes received death threats was the day I wanted to create something meaningful so that this would never happen again. +> +>I had some ideas in my head, but one thing did not let me go: +> +>What if someone, maybe someone very important, had critical information, but couldn't post it on Reddit due to professional limitations? +> +>What if someone wasn't confident enough to post DD? +> +>Or if someone had a Reddit account, but couldn't post on r/Superstonk due to the automod age/karma limits? +> +>It is for these reasons that I have developed SuperstonkBot: a simple but powerful tool. +> +>\- u/richie_de_87 + +The r/Superstonk mod team is super excited about this bot and very interested in the types of things we may see from it. We are truly grateful to richie for creating such an important part of this subreddit. We also invite users to use the bot sparingly, as posting via Reddit account is still perfectly fine, so that this can be reserved for those who can't or are afraid to post with a Reddit account. + +Thank you all for making this subreddit truly a unique aspect of Reddit. We are incredibly excited to see what's next! +I’m a new invester, so I’m not old enough to remember anything about 2008 or the years after. What was the reason the Fed didn’t start raising interest rates once the economy was doing better after the financial crisis? Like starting in 2013 or 2015? I can’t really find a clear answer online. +Does asking for a deferment on any of these payments have any negative outcome for me or my guarantor? +I’m 20 and still in school, but I’m on the in school repayment track so I have minimum payments for my student loans. I’d prefer to be able to defer those payments as I’m currently working down my CC debt (current at $1886 of a $3500 max) but I’m concerned asking for something is going to flag me as a high risk borrower. +Hi all! + +I've mostly tried to keep my overall usage (across all my accounts) under 30%, but I use one card that has the best rewards most often for day-to-day. The credit line on it is fairly low, so I sometimes go up to 80% or 90% usage on that card, but stay under 30% across all cards. + +I can and have paid it off in full every month, but I'm wondering if paying it off as soon as charges clear will help me boost my credit score? I'm not sure which matters more in terms of credit calculation, individual card limits or overall. I'm guessing it wouldn't hurt to do, since it'll probably keep my overall lower too, but I'm hesitant since I do see the limit on that card as a monthly spending budget, so I may end up spending more if I can't see the total I've spent easily. + +I did recently get a small bump in credit line on that card, which did help my credit score. I plan to use it exactly the same as before (not go over the previous limit), but the extra credit means I might be able to apply some bills to it that are currently just direct deposit (earn more points) and pay them off immediately. + +Any advice? Am I completely off in terms of how credit lines calculate into your credit score? +I've been very hands off with my investing to date. I know, I'm not proud of it and I'm starting to pay a lot more attention. I'm looking through my RRSP statements and half of the fund are sitting in a 'investment savings account' that pays dick. It's been there 4-5 years. My wife's RSP is the same, so it's not an insignificant number. We've told the advisor several times that we want to get the funds invested, but nothing's happened. I can't think of any reason for having investments in a vehicle that's done nothing. On a scale of 1 to10, how pissed would you be? Any advice would be welcomed. + Hi, I have many people who don't like me in my area. I have never been in a car accident but someone is trying to make a claim against me. I can only think it's someone I know as they have my details (name, number plate, address, phone number) and they have damage to their car. I can only think someone has been in an accident and trying to claim I had caused it when I've never been in an accident in my life. What can I do? +My husband and I married out of high school and had a baby at 20. We made some poor choices and both dropped out of school. + + + +We were barely able to make ends meet, working minimum wage part time jobs. + + + +I applied for SNAP, WIC, and Medicaid. We worked opposite shifts (I took days, he worked nights) so we wouldn’t need daycare. And we survived the first year. When my son was a year old, I filled out FAFSA and got a PELL grant with additional exceptional need assistance. I quit my job and went to nursing school. When I graduated, my husband went to technical school. + + + +We are now financially comfortable and able to support our family and pay back into the system. We made it out of poverty by using the social safety net. That was our one saving grace. + + + +There is no shame in using these social safety net programs. +It's time to make a launch a new database for backtesting. What type of databases do you all prefer and why? What's the cost benefit of your choice!? TIA +An Open Letter to Peter Schiff +A follow-up to the discussion on the Peter Schiff Show, December 2, 2013 +(this has been emailed to Peter just now) + +Dear Peter, + +It was a privilege and an honor to be a guest on your radio show today. I’ve been a fan of yours for more than five years; you were one of the reasons I discovered Austrian economics (and, in turn, Bitcoin), and your eloquent explanation of consumption vs. production in an economy has guided my outlook of the world ever since. So thank you sincerely for what you’ve taught me, and for the opportunity to appear on your show. It was a really special moment for me. + +While we had some valuable discussion today, I felt a follow-up was appropriate to better articulate my points. You’re right to be highly skeptical of such a new technology and monetary system, but please take the time to ensure your skepticism doesn’t blind you from what I humbly suggest is one of the most important tools for human freedom ever conceived. + + + +*The Fundamentals* + +First, Bitcoin must always be considered as two things: the payment network (Bitcoin) and the currency units (bitcoins). Condemnations of the latter can often be resolved with an understanding of the former. Satoshi should have named them differently to avoid this initial confusion. + +When you suggest that bitcoins have “zero intrinsic value,” you are only considering the currency unit itself and ignoring the payment network. While I prefer the term “utility” over “intrinsic value” (because all value is subjective to the valuer), I may indeed admit that bitcoins, as currency units all by themselves, have no fundamental utility and are completely uninteresting. But – and this absolutely critical – the payment network has vast utility. + +In fact, this network is probably one of the most valuable and consequential technologies currently on the planet. Some of us realized this a few years ago. Others are realizing it now. Many more will realize it in the future. The Bitcoin network is, fundamentally, a ledger of title controlled by no man. Ponder that for a moment. The transmission of value and ownership has thus just been severed from the State, not by impotent voting, but by the technological achievement of man. + +Now, during the show, you agreed that perhaps this payment network has utility. So, if the network (Bitcoin) has utility, and only one currency is accepted on this network (bitcoins), and those bitcoins are scarce, then should not those units themselves command a market price? Who knows what that price should be, but there should be a price, no? + +Any good that is useful and scarce will have a price (consider that air is useful but not scarce, and fish with three eyes are scarce but not useful, thus no price for either of them). Because the Bitcoin network is useful, and because only scarce bitcoin currency units are permitted on this network, the bitcoins themselves have a price. Indeed, they must have a price until the network is no longer useful, or the coins are no longer scarce. + +This is not magic. It is not a Ponzi scheme or elaborate fraud. It’s just the market pricing something that it finds useful. As the network grows in usage, its utility subsequently grows, and thus scarce bitcoins appreciate further. Those who grabbed coins in the early days benefit hugely, just as those prospectors grabbing nuggets of gold out of the California foot hills did in the early days of the gold rush. Gold is not a pyramid scheme merely because early acquirers profit from later subsequent adoption and demand. + + + +*The Utility of Bitcoin and Competitors* + +So to adequately claim that bitcoins ought to have no price (which is the implicit assumption from your claim on national television that Bitcoin is a Ponzi scheme), you must demonstrate that the Bitcoin network has no utility. As someone who has transferred $100,000 worth of value to another person instantly in another country (on a Sunday when banks were closed, no less), I am confident that you will not succeed in this demonstration. + +I believe that you will understand and agree with my above arguments if you objectively ponder them for a while. Your contention then moves to the following: that if Bitcoin (the network) can be replicated by anyone, it isn’t actually scarce at all and thus even though the network is valuable, the price of individual coins will fall toward zero as the system is replicated over and over by competitors. You would explain that while bitcoins are limited to 21 million units, anyone can create a competing crypto-currency and thus the number of possible crypto-currency units are unlimited, thus not scarce, and thus not fundamentally worth anything. + +You made this argument several times on the show today. It is a fair point for you to raise, but please allow me to counter it. + +Bitcoin, after all, cannot really be copied. True, the open-source code can be copied and the copier could release CopyCoin (indeed this is happening all the time). But, the copier cannot copy the infrastructure. The protocol layer is easily copied. The infrastructure layer is not. On Day 1 of Bitcoin, it had no infrastructure layer. I can tell you, as an entrepreneur in this space for the past few years, Bitcoin’s infrastructure layer is now substantial. Indeed, I am sitting in my office, and looking at my employees building this very infrastructure as I write this. Their work, and that of many thousands of others around the world, is not so easily replicated. + +Let’s use an analogy, which you so often convincingly do when describing the absurdity of Fed policy or the counter-productive nature of various government programs. I believe the following is a very fair analogy. + +Consider that language itself is a protocol – a set of rules for conveying information. Consider then that one could copy the English language, and change parts of it, and release it as English 2.0. However, why would anyone use it? Even if it had marginal improvements over traditional English, where is the infrastructure? Where are the vast tomes of literature written in English 2.0? Where are the speakers and writers and scholars of this new language? Where are the libraries and Wikipedias full of English 2.0 articles? How many newspapers are written and conveyed in English 2.0? How many Peter Schiff podcasts are disseminated in this new alternative? That infrastructure wouldn’t exist, and neither therefore, would the users. This is merely the natural, spontaneous consequence of network effect, and it applies to English as a protocol for language just as it applies to Bitcoin as a protocol for money. + +Now, does the network effect mean English, or Bitcoin, can never be replaced? No. But it does mean it’d be extremely difficult in either case. + +But let’s remember something. Even if a superior crypto-currency overcomes Bitcoin in the open market (certainly possible), does that make Bitcoin a failure or Ponzi scheme? Does that negate the utility bestowed by Bitcoin while the market still favors it? Consider that one can benefit from the Bitcoin network with zero or very low exposure to the currency price long term. This means a payment made with Bitcoin last year still accomplished its objective – value moved freely, the users benefited, even if a year later the system falls apart and goes to zero. Thus, there is real utility today even if the system doesn’t work next year. The assumption that Bitcoin will be around for eternity is not a prerequisite for benefiting from its utility in the present. + + + +*Mutual Respect for Market-Based Money* + +I think you will discover, upon reflection, that your concerns about Bitcoin boil down to the thesis that Bitcoin is a volatile, highly speculative, and non-conservative asset class. In this, I wholeheartedly agree. But if your arguments are claiming that the payment network itself is some kind of fraud – a Ponzi scheme undeserved of respect or even consideration – then I must take issue with that. The Bitcoin network is an utterly revolutionary technology. It separates money from the state, in a way that gold, unfortunately, has been unable to do. + +When fully understood, Bitcoin should bring tears to the eyes of anyone who fights against the tyranny and ignorance of coercive governments and their monetary witch doctors. This is why thousands of people around the world have dedicated their lives to this campaign. We are carrying out this experiment without anyone’s permission. We’ll either fail, or change the world in a way that was inconceivable before this technology existed. + +I wholly support your idea to make a gold-backed digital currency. Please do it. I’d love to be your first customer, because I love gold. But being in this business, seeing how the payments and banking and regulatory world works, I can tell you that your initiative will likely fail, either by self-immolation (GoldMoney severing inter-account payments), or by governmental take down (e-gold). + +A monetary/payment system that relies on gold backing is reliant on the backer. It relies on a centralized, trusted party, to warehouse the gold and provide convertibility. This is the counter-party risk eliminated by Bitcoin. + +If there is a centralized backer for any payment system, then the system will have to follow all government laws, or be shut down. To follow the laws, personal customer information must be known, meaning privacy is impossible. Transfer limits and strict terms of use will be imposed, meaning financial freedom is impossible. And have fun with the compliance costs. Have you noticed international banks dropping American customers around the world? It is due to this unfortunate dynamic. And then, if the stars align, and the gold-backed currency manages to grow big and become a successful global payments network, it’s not unreasonable to assume that governments will take it down anyway, because it would compete with fiat – from which great swaths of their power originates. + +You cannot compete with fiat by having a competitor that is vulnerable to the guns of government. Bitcoin may not be perfectly immune, but it is highly resistant. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining. + +Regardless, if you’re honestly interested in trying that experiment again, I will help you and support that effort, because I recognize the value of precious metals as commodities and as money. Until such a system actually exists, I am humbly asking you to support our efforts in kind, and am humbly suggesting to you that bitcoins, while non-physical, are indeed real and indeed have real value, because they are the one currency accepted on the most revolutionary payment network known to mankind. This is not theory – it’s actually working for millions of dollars of payments every day. We’ve moved beyond the Mises textbook. We’re running in the open market. + +While Bitcoin is still a highly-volatile experiment, it deserves more respect than dismissal as a Ponzi scheme, and regardless of whether you think the current price of a bitcoin unit is justified, you must acknowledge that this technology, broadly speaking, has utility both for both economic exchange and, more importantly, individual freedom. + +When my grandparents ask me how to protect their wealth, I don’t tell them to buy bitcoins. I tell them to buy precious metals. When they ask me how to transfer value across distance, I don’t tell them to ship gold. I tell them to use Bitcoin. My hope in writing this letter is simply this – that perhaps you’ll come to see Bitcoin and gold as beautiful compliments and important tools in the advancement of free-market money – one long-standing, conservative, and physical, the other new, technologically and politically disruptive, and digital. One will not replace the other, but I believe both will come to replace fiat, and good riddance to that stuff. + +In Liberty, +Erik Voorhees + +I'm basically stressed out about the situation my dad has put himself in. He had a business with ups and downs. He should've had opportunities to pay off his condo but didn't take any. + +Fast forward to today and he only has about $800 left for the month after paying housing costs. + +I'm sure his place would rent for over $2k if put up for rent. It can probably be sold for $300k, maybe a little more. + +I am saving to buy my first home. Theoretically I could take over his mortgage payments to relieve him of expenses but then I'd have a tough time saving for my own down. + +Any ideas from the smart folks on this sub? I'm very grateful for any ideas. Thank you all. + +Edit: can't believe the support so far thank you all! +Edit 2: we live in Florida + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Poor man's covered call (PMCC) is the strategy where you buy a far out, deep ITM LEAPS, and sell CCs against that LEAPS. I think this strategy is objectively better than the normal 100 shares CC thetagang strat. + +&#x200B; + +1) Leverage + +Options provide leverage. When you buy a deep ITM LEAPs, your delta is really high, but your entrance cost is much lower. Deltas can be anywhere from 0.70 to even 1.0, but the cost of the LEAPS could be anywhere from 2-3x cheaper than buying 100 shares of the underlying. You get similar market exposure, but for significantly less cost. + +Added to that, if you'd usually see 0.5% to 1% weekly premium from your CCs, you'll now be receiving 1% - 3% weekly returns. That amount adds up quickly, and can significantly lower your losses against a downturn. + +&#x200B; + +2) Protection against IV spikes. + +We all love it when our CC reaches max profit, right guys? Right?! 🥲 + +When selling CCs that end up deep ITM, the additional IV on the call makes exiting the position really difficult when you only have shares. If you instead have a LEAPS option, existing the position becomes much easier, as the addition IV value is also added to the LEAPS you own. + +&#x200B; + +3) Downturn Risks. + +LEAPS do have that disadvantage to where if the underlying tanks, your LEAPS will go down much more quickly. But! your LEAPS cost less in the first place, and your added leverage on the CC returns makes the max loss actually a lot lower. If we're talking $ amount instead of just %, PMCCs could be argued to have reduced total risk. + +TL;DR: Use LEAPS instead of just buying the stock. +Looking to go to northern VA near DC, MD area I make about 150k a yr and have saved 80k. I would like to get a nice duplex but there are none in my area since im not in a city or they are near a million dollars. What is the best strategy for how much I should put down? What is my price range I can afford? Can I be looking at multiple properties with what i have? If not what is the benchmark? I know the market is in shambles right now but not sure if I should wait.. + +80k is 20% of 400k but I've been looking in the 650k range right now..should I put 20% down or maye do like 10% and get 2 places? +Unsurprisingly it looks like the government is looking for ways to dip into peoples personal pension pots. It's not really clear to me what's being proposed but I don't like the sound of it. + +https://www.ft.com/content/a8cad0f1-fd85-40ed-aa19-e71728f10825 + +Full text below as it's behind a paywall: + +Treasury-driven review of UK workplace pension charge cap hopes to boost investment in areas such as private equity +Ministers are seeking to increase investment in long-term infrastructure projects such as wind farms + +Ministers are looking to relax rules shielding tens of millions of UK retirement savers from high charges as they step up efforts to funnel pension fund cash into the government’s “levelling up” agenda. + +Officials are working on proposals to dilute the 0.75 per cent ceiling on annual management fees, which was put in place in 2016 to protect workers auto-enrolled into workplace pensions from having their savings eroded by high charges. + +Chancellor Rishi Sunak is looking at ways to tap billions of pounds of pension fund cash to invest in long-term projects, including infrastructure schemes, renewable energy projects and innovative tech firms, to help deliver on UK prime minister Boris Johnson’s pledge to spread economic growth across the UK. + +Many of these assets are held in funds managed by private equity and venture capital firms, however, which commonly levy performance fees linked to certain thresholds on annual returns. Defined contribution (DC) pension managers have traditionally shied away from investing in PE and VC funds, largely because of concerns that these fees would breach the 0.75 per cent charge cap. + +Policy initiatives to deliver on the “levelling up” agenda will be a big theme of Sunak’s Budget on October 27. The proposals to dilute the charge cap, which would be subject to consultation, represent a stepping-up of Treasury-led efforts to encourage DC pension funds to invest more widely in assets. + +The review comes just six months after the Department for Work and Pensions rejected calls for performance fees to be partially or completely excluded from the cap following a consultation. At the time, it said the inclusion of those fees in the cap protected members from high fees that did not improve value for money. + +Sunak and Therese Coffey, work and pensions secretary, now argue the proposed reforms would allow pension savers to access funds offering better returns by investing in longer-term assets, government insiders said. + +However, those briefed on the plans said performance fees would not be removed from the charge cap in their entirety; the consultation would “seek a balance” that encouraged investment in illiquid assets — such as infrastructure or innovative tech firms — with the potential for greater return. + +But one former regulator expressed concern that the charge cap could be loosened. + +“The cap was introduced on strong evidence that savers needed protection from some undoubtedly egregious charging structures,” said Andrew Warwick-Thompson, a professional trustee and former executive director for regulatory policy at The Pensions Regulator. “Careful thought needs to be given to any proposal which undermines the consumer protection principle that lies behind the cap.” + +The government has attempted to address concerns of pension fund managers about performance fees, which can be high and volatile, by allowing trustees to smooth them to reduce the risk of the charges breaching the cap in any one year, a measure that came into force at the start of October. + +Last month a working group, headed by the Treasury, Bank of England and Financial Conduct Authority, recommended the government further review the charge cap to help stimulate material investment by schemes in illiquid assets. + +Michael Moore, director-general of the British Venture Capital Association, the industry lobby group, supported changes to the charge cap. “We recognise the important role of the charge cap and believe appropriate changes can be made so that UK pension savers can benefit from the strong long-term returns generated by UK venture capital and private equity.” + +The BVCA said it backed a full exclusion of performance fees from the charge cap where it was supported by strong performance over the long term. Under typical performance fee structures, a fixed annual management fee is paid, regardless of return, in addition to a performance-related element. + +The government declined to comment. +>The current version of the tax plan features a 21 percent corporate rate, two people briefed on the plan told CNBC. + +>It also would feature a top individual tax rate of 37 percent and raise the mortgage interest deduction amount to $750,000. This version would also lower the pass-through deduction back down to 20 percent. + +>The sources said, however, that details of the package are still under negotiation. + +>This story is developing. Please check back for further updates. + +[CNBC](https://www.cnbc.com/2017/12/12/gop-tax-bill-would-include-21-percent-corporate-tax-rate-would-start-in-2018-sources.html) +https://finance.yahoo.com/news/pensions-ge-401-k-retirement-decline-161154581.html + + +The news that General Electric (GE) was freezing its pension for 20,000 workers this week and offering buyouts to 100,000 former employees sent the company’s beleaguered stock up slightly, but dealt the two fierce blows to two great American institutions. + + +It’s no secret the private-sector pension is on its last breaths. Over the past 20 years, the percentage of Fortune 500 companies that offer a traditional pension plan has fallen from 59% to 16%, according to Willis Towers Watson. Pension plan freezes have been on the rise as well. + +For the entire workforce, only 4% of today’s workforce has access to a traditional defined benefit pension plan, according to the Bureau of Labor Statistics. +Anyone here use a concierge doctor? I saved [this comment](https://www.reddit.com/r/fatFIRE/comments/emzs19/what_have_been_the_best_forms_of_lifestyle_creep/fdtcn42?utm_source=share&utm_medium=web2x) awhile back, and now I'm starting to look into it more seriously + +A few questions: + +1. How does the billing work? Are phone calls, emails, etc billed? Or just in-person visits? +2. Any thoughts on high deductible plan + HSA vs PPO if we do go down this path? +3. How does it compare, for example, to OneMedical? I've found OneMedical's free telehealth services pretty good. I can get an NP or PA to talk to pretty much within a few minutes most of the time. But I can imagine continuity of care being better with a single doc. +4. Does the description of having a concierge doctor in the linked comment resonate with you, or are the some differences you can share? +I'm crossposting this to /r/iwantout since they would know immigration possibilities best, but I figured possibly people here would be the most likely to have personally done or known someone to have done this kind of thing. Throwaway since my friends know my reddit account and I don't want my full financial situation out there. I'm not sure who I can ask about this kind of stuff in real life since I'm not very well connected with millionaires who buy citizenships of other countries very often: + +&#x200B; + +I've wanted to live abroad for basically my whole life, and I've done a lot of traveling/lived a few places for a few months outside the US. This is something I'm sure I want to do, and I think given software salaries in Europe vs the US, it makes more sense for me to work remote for an American company and live somewhere like Berlin (random example) and figure out a way to get residency myself rather than take a lower salary at a German company that could sponsor me. Also this opens up the ability for me to move around easily (try out a bunch of countries and see what I like). + +mid-late 20s, I work as a software engineer (job income is about 250k). I also have rental income from a property in the US (not a lot of cashflow but may get us over the poverty line of some countries, this may be important if I want to chill for a while) and a solid amount of liquid investments (lets say around 800k USD + standard retirement account for someone my age). Probably 600k of the Investments are from an inheritance which is kind of an important detail since I can't really replenish it really easily if I lose it doing some harebrained citizenship scheme. I live with my girlfriend who works in management consulting at a big 4 @ \~100k. She would also come with me on this plan, we've been dating forever so if it makes immigration easier getting married isn't a problem. We just don't have any need to as it is right now. + +Even though I'm doing pretty well financially, it doesn't look like I can afford most of these "pay for citizenship" schemes. Malta is out of the question since you just throw away like 650k, Cyprus looks similar as well. Most of these seem targeted at billionaires who just want to get another citizenship as quickly as possible. I'm willing to take a lot more time if it means I can pay less. + +&#x200B; + +The best thing I've found so far seems to be that Portugal has a 350k investment fund that immediately gives you residency (and is some sort of index fund so even if it performs badly the money isn't just gone). If I did that now, then in 5 years I just have to learn enough Portuguese to pass the test (I think this could be a fun side project anyways) and will be a full EU citizen without having actually spent any money other than the opportunity cost of the 350k. + +Biggest risk with Portugal seems to be if politics blow this all up in less than 5 years, or if the investment just tanks to 0 (you can see from my financial overview above that losing 350k would be a huge hit financially, and probably not something I should risk if the chances are big of a large loss) + +&#x200B; + +Does anyone have any experience with any of these/heard from anyone who has done this? How risky is this stuff anyways, and is there some easier path to what I want than what I'm seeing here? Thanks for any help! +I’m 23 years old , and I’m no where near retirement, I know the stock market has been in the toilet this year and is probably heading towards a recession. Just have been watching what’s been going on and wondering if now is a good time to buy more into the market at the lows it’s posting. Buy low sell high kinda thing. Is anyone else doing this at the moment and taking this opportunity to buy lower costs in there portfolios and wait till the market goes up to reap gains later on? + +What is everyone’s plan for investing this year with the way the stock market has been going? +So Central Banks get to decide the monetary policy, i.e. the rules of the game, by controling the interest rate at their own discretion. + +As more and more people figured out the winning strategy: getting loans at low interest get you close to the money printer so you can "mine" fiat as it is being created, then they can decide on a whim to change the rules and raise interest rates to punish the over leveraged. + +You are being stolen either by inflation or by interest on your debt. + +Refuse to play this stupid game. Adopt the Bitcoin Standard. +China’s government bonds and the yuan slid in tandem, amid speculation that overseas hedge funds have stepped up liquidating the country’s assets after a rout in shares deepened. + +The yield on the most actively traded 10-year government bond rose seven basis points to 2.94% Tuesday afternoon, the most since in a year. The offshore yuan fell as much as 0.6% to 6.52 per dollar, through the key 6.5 level for the first time since April. Stock benchmarks in China and Hong Kong extended declines, with the Hang Seng Index plunging as much as 5.5%. + +“There is a widespread rumor in the market that some U.S. funds are selling Hong Kong and China assets aggressively, as the U.S. may restrict investments in these places,” said Li Kunkun, a trader from Guoyuan Securities Co. “Although we can’t verify if it’s true or not, the market fears that foreign capital will flow out from the Chinese stock market and bond market on a large scale, so the sentiment is badly hurt.” + +Risk aversion has emerged in China after a sudden policy change on education companies followed crackdowns on technology firms, raising concerns on a swathe of sectors in the equity markets. Curbs in financing for the property sector, and signs of an expanding Covid-19 outbreak are also weighing on growth expectations. + +https://www.bloomberg.com/news/articles/2021-07-27/china-s-yuan-bonds-tank-in-tandem-amid-fears-on-foreign-selloff + +*TLDR: China might have shot itself in the foot by being too aggressive with the tech crackdowns. If their currency and bonds keep tumbling like this with little to no inflow of foreign investor money, they would really be in a soup* +I'm sure most of you have seen the SEC enforcement action against multiple firms for record keeping violations. + +&#x200B; + +[SEC enforcement Tweet](https://preview.redd.it/wcrnsk2z1hq91.png?width=1170&format=png&auto=webp&s=7fdd6257858f0101d7f1910e173f775b4967da53) + +Lets dig a little deeper, because this is bigger news than I originally thought. + +[https://www.sec.gov/news/press-release/2022-174](https://www.sec.gov/news/press-release/2022-174) + +They fined 16 Entities a combined $1.1 Billion. We're used to seeing announcements like this, and usually they are nothing-burgers. But this one has some meat to it. + +&#x200B; + +[Admitting Wrongdoing](https://preview.redd.it/xi9wqcrg2hq91.png?width=565&format=png&auto=webp&s=b83a4bcd4ec794c30c9b26ba3e2dbba2e901fc4b) + +Usually with these enforcement actions, there is no admission of wrongdoing. That isn't the case here. Which means this can be proof that recordkeeping was incomplete during subsequent investigations, meaning it will be very difficult for anyone to claim ignorance or virtually anything. + +The next big thing is where this originated. + +&#x200B; + +[https:\/\/www.sec.gov\/news\/press-release\/2021-262](https://preview.redd.it/rtdgx6yw2hq91.png?width=577&format=png&auto=webp&s=237279a347cc23a8415c1f111fef09418d676b67) + +This started with an investigation of JP Morgan for the same thing. + +Now look at the dates. + +&#x200B; + +[Dates of investigation](https://preview.redd.it/w25qql053hq91.png?width=275&format=png&auto=webp&s=239beffe16d74ee92df59745788160ed8b0aa95e) + +So the lead up to and the events following the sneeze. These are the same dates they were looking at in the JP Morgan investigation (expanded a bit). + +Now lets think about the implications. + +The only way to notice the lack of something is to be looking for it. And the only reason to be looking is because the regular communications had holes big enough that they had to be intentional. + +So the SEC was looking into JP Morgan's communications around the events of the sneeze, and noticed missing communications and opened the scope of the investigation to almost everyone, and found that everyone was missing records. + +And one more nugget at the end. + +&#x200B; + +https://preview.redd.it/d5eifauv3hq91.png?width=573&format=png&auto=webp&s=d98bf0d925e87f44e1ef8cfba44318b9e6307642 + +The CFTC also announced an enforcement action at the same time. + +[https://www.cftc.gov/PressRoom/PressReleases/8599-22](https://www.cftc.gov/PressRoom/PressReleases/8599-22) + +&#x200B; + +https://preview.redd.it/gldv4i224hq91.png?width=593&format=png&auto=webp&s=f2719a2f2784a8803b0fab999fbf8554da87e59f + +So not only did the SEC increase the scope of an investigation of events around the sneeze, they brought in the CFTC because swaps and futures were involved as well. + +Any of this starting to sound familiar? + +This may not be the nothing-burger we are used to out of the SEC enforcement actions. It looks like the dominos are falling. + +&#x200B; + +Edit: Shoutout to u/manbrasucks for sending me down this path in the comments of one of the SEC posts. +For those who don't understand why low volume is fucking amazing for us go read some DD. + +This is a fucking powder keg and the match is being lit.....HODL FOR THE BOOOOOOM !!!!! +I made a certain post 18 days ago predicting a November 15th tweet. + +It's called " Riddle Me This, Anon. " + +I crafted it using the finest of tin foil. + +It's on the DDintoGME and GME subs. + +Here's the TLDR from that post. + +&#x200B; + +[ ](https://preview.redd.it/zvstolxthpz71.png?width=1008&format=png&auto=webp&s=2071b593022a0c1dbb864b7f0c60fdebc6943fbc) + +&#x200B; + +[ ](https://preview.redd.it/9i92ye3vhpz71.jpg?width=640&format=pjpg&auto=webp&s=6e330abed5ddb38f8200e7c050ce41b4622761cd) + +Well son of a bitch. + +Guess I really maybe did find something apes. + +Can I get my DD tag back on that post now DDintoGME? + +I'm gonna go pass out now. Holy shit. + +You really know how to take my breath away Chair, You're the best. +Just about everything about it screams scam. + +When you look up info about how to spot a scam coin, one of the things it tells you to look out for is... + +###Signs of a scam coin + +1. **"Unknown Group of Entrepreneurs are Running it"** + +The Federal Reserve is run by a group of "Unknown Private Investors" + +2. **Whois lookup on one of their websites comes back anonymous or unavailable.** + +WHOIS look up for UsMint .gov tells me +"Information not available or no support for .gov" + +3. **Shilling you to believe it's real by offering multiple periodic Airdrops**. + +We're on our 3rd Stimulus now? + +4. **Confusing whitepaper thats overwritten, and difficult to understand** + +Anyone ever try to read, and understand Federal Reserve banking laws, or policies? +Some things can be understood but usually it's written almost entirely in Dog Latin, and you're going to need a lawyer to interpret that just like you'll need a fraud lawyer with crypto experience to go over that whitepaper when you're going after that scam coin to get your money back. It's also INSANELY OVERWRITTEN. The USD white paper will literally take you months to go over and understand. + +5. **GitHub Source has no supply limit set**(Devs can Mint coins) + +Ahhh.... Nah, those private investors I don't know wouldn't want to do that. Besides, that would devalue the dollar, and severely hurt their credibility. + +Stop spreading conspiracies , and stop doing that weird Crypto thing! You're killing the environment! - non crypto users +So, my husband and I have been going through a bad financial patch for the past couple of years. We get health insurance through my work for both of us, and this year we decided to switch to the 'good' insurance (let's call it Baiser Fermanente, to keep it anonymous) that costs us quite a bit more than the other terrible options, because it doesn't have a deductible. + +I had to have an initial wellness check-up with my new doctor (at Baiser), which was covered and he assigned me to do an at-home colon cancer test to send in. So, I did, and it came back positive. They called me yesterday to say that now I need a colonoscopy. Here's the kicker: because the colonoscopy is deemed a 'second diagnostic test,' it's 100% NOT covered by my insurance. It's 100% out of pocket, and $1000 altogether. The at-home test was covered, but now that it's read as positive and I need another, more thorough diagnosis, I have to pay for that myself. + +Friends, Romans, Countrymen: I DO NOT HAVE $1000. Yes, I know I should be able to contact their financial office and get into a payment plan, but two things: + +1. Two years ago, when my husband's and my financial situation first hit the skids, I had to have a biopsy for a lump discovered during a mammogram. It was found to be benign, thank goodness. However, my at-that-time terrible health insurance didn't cover very much, and to this day I am STILL paying on that payment plan. $30 per month, accruing interest. +2. WHY ON EARTH would health insurance NOT cover an apparently necessary secondary diagnostic procedure? It seems like such a scam - we'll pay for the first test, but if you get a positive result and you then really really need to have another test, WHAM, we'll need $1000. + +I have told the insurance people and left messages for my doctor that I will need to save up the $$ for this test, and I will not schedule it until I can afford it. I am so irate - when I finally do get the test, if the colonoscopy is negative, then I've wasted $1000, and if it's positive then I'm in for a roller coaster ride of additional probably-not-covered expenses (WHICH I STILL CAN'T AFFORD). + +Sigh. Thanks for letting me rant. +Hello Everyone + +I used to work at Walmart as a high school student (during 2005-2008) for a total period of approximately four years. I recall while working, a senior employee advised me to enroll in the employee stock purchase plan because the company would apparently contribute a certain percentage along with your contribution towards purchase of their stocks upto a certain amount. I enrolled and then forgot about it. The only confirmation I remember that I was enrolled was that I could see the deductions from my paycheques. When I left Walmart, I did not bother with the stocks at the time, thinking I'll leave them to accrue value and see at a later date. + +Fast forward over a decade, I have no clue on how to actually access those shares. I don't have any records of my time at Walmart, and I certainly don't have the employee ID etc. to gain access online. I tried contacting computershare (which handles walmart stocks) but haven't heard back from them. + +My question is: Is there a chance that because I disappeared for over a decade that those stocks I had have been dissolved or taken back by the company? + +Update: I spoke with computer share and they weren’t able to find my account. However the representative advised me to speak with unclaimed property services since so much time had passed. After doing an online search, I found the shares and am now in the process of reclaiming them. I actually don’t know the amount, it’s simply listed as greater than $50 USD in value. Thanks everyone. +I purchased a used vehicle on Saturday from a dealership. I traded in a lease which was about to end, and put $10K down towards the purchase and financed $19K at 1.89%. I just got a call from the finance office telling me they calculated the sales taxes wrong on the contract because I traded in a lease, and I owe them an additional $1,500. What's my recourse here? Do I have to pay them? I have all the carbon copies of the contracts signed by myself and the finance manager. Thanks in advance for any help. + +Edit: So, this blew up. Thanks everyone for the advice and information (and gold!). I don't think there's anything malicious going here, I think they just fucked up and are trying to recoup their mistake. I talked to my boss about it and he's got calls out to some of our clients who are lawyers or work on the financial side of car dealerships. I'm going to wait to hear back from them directly before I make any contact with the dealership. I will post an update once I do. + +And for those of you wondering, I traded in a 2013 A4 lease for a 2013 Q5. I went to this particular dealership because they had the specific car I wanted. Also, it's not $1,500 exactly - he just said "around" that amount in the voicemail. +We've seen the Lithium hype grow as investors have witnessed the supply deficits begin to play out.. Here's another Battery Metal supplier for your watch list. + +Queensland Pacific Minerals DD + +MC $230m +SP $0.15c +- 1.54 bn Shares on issue +- 47m$ Cash on hand + +In 2021, battery giants LG & POSCO, completed their own DD on QPM for months. They wanted a bigger processing plant 100% of production and wanted product faster. QPM told them they can increase the size of production (by about 2.7x) however if they want it faster, it will cost more. So $15m USD was commited to complete a much more thorough and conclusive DFS to allow for expedited plant design, construction and approvals. QPM only committed 2/3rds of supply to LG & POSCO. + + +QPM is expecting their DFS in Mid 2022 (CEO gains performance shares if it lands by June 30) and they expect to rapidly complete Final Investment Decision and begin construction straight after this , mid 2022. + +Direct Nickel Process. +QPM plans to use a new Carbon Negative ore process which has been around for a decade. It hasnt been used before because there hasnt been the demand for CLASS 1 nickel ( battery grade) along with the rise of carbon intensive refining of pig class 2 nickel which is more suited to stainless steel. + +CEO, Dr. Stephen Grocott explains.. +Direct Nickel uses nitric acid to recover nickel, iron ore, high purity alumina, with only silica as the tailings at atmospheric pressure. + +**"It's not rocket science. There's no fancy equipment, all the technology is used elsewhere, and because it recycles and regenerates the nitric acid, so it solves the fact that nitric acid is so expensive,"** he said. + +He was won over by QPM's prefeasibility study, which showed the TECH project was essentially de-risked, and has all the "sustainability essentials" he's keen on. + +There's still some degree of risk, the technology is well understood, and the process works. + +What's the benefit of the Direct Nickel process? + +-It can use waste limonite ore, which nickel ore miners have no current use for. Their customers do not want it, so it is win, win. +- Using vented methane from the bowen basin, the project can deliver unheard of ESG credentials, being Carbon Negative. +- All by products are desired saleable products. + +Where is QPM sourcing the ore from? + +New Calidonia, specifically, SLN (Worlds number 1 producer of ferronickel) who has multiple mine sites in NC. Up to 1wmt per annum, using the same Townsville port, Clive Palmer's QNI used for decades. SLN is also **exploring further partnership opportunities** according to a recent announcement. New Caledonia is wedded to nickel mining, with 24% of all private employment coming from mining operations. They also have some of the highest grades of nickel ores. + +But battery tech is evolving and high Nickel batteries aren't the only technology used today? + +LFP seems to be the main competitor at this stage, however mainly in the low or standard range vehicle models. Current technology is that Nickel allows for higher energy density, which is why it is preferred in high range vehicles. +regardless, there is space within the market for multiple battery chemistries, and it takes a long time to bring new tech into commercialization. + +QPM - TECH Project. + +the project is not a mine, so there's a reduction in risk regarding drilling programs, reduced construction program and there are plenty of other willing suppliers available of high grade ore. + +Where's funding coming from? + +According to the PFS, the development CAPEX is $1bn. There will be increases to this number due to material price increases, so i would expect this to be closer to $1.2 - $1.3bn + +- $250m letter of support received from Export Finance Australia +- NAIF (North Australia Infrastructure Fund) is completing DD stage, however expected funding could be $250-400m based on history. +- $250 conditional funding support from K-Sure (Korea Trade Insurance Corp) . Basically conditional on EFA getting signed off on. +- ANZ has expressed interest in offering funding. + +Considering the Green ESG credentials, funds are bending over backwards to get on board which suggests dilution for project funding will be minimal. + + + + +Planned production : + +- 16kt Ni contained = 72kt Ni sulfates +- 1.8kt Co contained = 8.8kt Co sulfates +- 700kt Hematite 66% Fe +- 4kt 4nHPA +- 40kt Magnesia + +Current commodity prices : + +- Ni sulfates = 7870 us$/t +- Co sulfates = 16940 us$/t +- Hematite 66% Fe = 170 us$/t +- 4nHPA = 26900 us$/t +- Magnesia = + +Expected annual revenue : + +- Ni sulfates = 566m us$ +- Co sulfates = 149.1m us$ +- Hematite = 119m us$ +- 4nHPA = 107m us$ +- Magnesia = variable (purity and process reuse) + +Total revenue of 941.1m us$ = 1.3 bn au$ per annum at current commodity prices. ( note, i did rip some pricing from the ever reliable HC, however i have updated the commodities pricing i can access). + +and this is currently a $230M MC company, first production mid 2024. + +Since the PFS +- Increased production size +- improved nitric acid recovery rates +- CEO advised there is planned 2nd train in the future for further capacity +- Early engagement with vendors to streamline construction. +- QLD govtment defined the project as having state significance +- plus more + + +i'm sure there's a ton ive missed, DYOR. +BP said on Sunday it plans to abandon its 19.75% stake in oil giant Rosneft (ROSN.MM) in the wake of Russia's invasion of Ukraine, marking an abrupt and costly end to 30 at times fraught years operating in the oil-rich country. + +The British oil and gas giant did not say how it planned to exit its stake, which it said would result in charges of up to $25 billion at the end of the first quarter. Rosneft accounts for around half of BP's oil and gas reserves and a third of its production. + +"I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to everyone affected. It has caused us to fundamentally rethink bp's position with Rosneft," BP Chief Executive Bernard Looney said. + +The move represents the boldest step yet by a Western oil company with exposure to Russia amid an escalating crisis between the West and Moscow. + +BP said the move and financial hit will not impact its short and long term financial targets as part of its strategy to shift away from oil and gas to low-carbon fuels and renewables energy. + +Looney and his predecessor as CEO Bob Dudley will both step down from the board of Rosneft, which BP acquired a shareholding in as part of its $12.5 billion TNK-BP stake sale in 2013. + +British Business Secretary Kwasi Kwarteng, who on Friday expressed "concern" over BP's stake in Rosneft in a call with Looney, said on Twitter that he welcomed the decision. + +"Russia's unprovoked invasion of Ukraine must be a wake up call for British businesses with commercial interests in (Russian President Vladimir) Putin's Russia," he said. + +As a stake, BP received revenue from Rosneft in the form of dividends which totalled around $640 million in 2021, roughly 3% of BP's cash flow from operations. + +[Source Reuters](https://www.reuters.com/business/energy/britains-bp-says-exit-stake-russian-oil-giant-rosneft-2022-02-27/) +My thoughts: + +1. Stock levels will increase until the end of 2019 then increase in 2020 due to seasonal factors and 2015 5-year interest-only mortgages expiring. +1. Investors will not return in the numbers required to create strong growth conditions. +1. As stock increases and demand remains the same, clearance rates reduce and so do prices. + +Detailed: + +1. Stock will increase every month in line with the previous decade in [Sydney](https://www.corelogic.com.au/sites/default/files/2018-07/2018-07-30-pulseimg2.jpg) and [Melbourne](https://www.corelogic.com.au/sites/default/files/2018-07/2018-07-30-pulseimg3.jpg) until the end of 2019. + +1. Stock will increase in 2020 compared to 2019 as the [2015 interest-only loans expire](https://www.rba.gov.au/speeches/2018/images/sp-ag-2018-04-24-graph4.gif) and these borrowers: + + (a) [are in negative equity from 2015 prices in 2020 and can't afford a lump sum LMI payment](https://www.finder.com.au/refinancing-a-home-loan-without-equity), and/or + + (b) are [unable to refinance with the major banks as they can't show how they can pay interest + principal when the loan expires](https://www.apra.gov.au/sites/default/files/APG-223.pdf) (para 36), which was not required when they sought the loan in 2015 but has since been implemented, and/or + + (c) they can't afford to refinance to lower tier lenders as their interest rates make it prohibitive. + +1. By example [in Sydney median prices have fallen to 2015 or lower prices in Epping, Petersham, Alexandria, Peakhurst, Croydon, Northmead, Hunters Hill, Georges Hall, Double Bay, Granville, North Ryde, Homebush, Hurstville, Camperdown, and Brighton-le-Sands. +](https://au.finance.yahoo.com/news/property-prices-in-these-sydney-suburbs-have-dropped-to-2015-levels-001138331.html) Note this is 2 months old and prices continued to fall for those 2 months. + + +1. Rolling over to Interest and Principal increases the repayment by [30-40%.](https://amp.afr.com/news/economy/rba-flags-dangers-of-480b-in-interestonly-loan-resets-over-the-next-four-years-20180413-h0yppv) [\[2\]](https://www.rba.gov.au/speeches/2018/sp-ag-2018-04-24.html) + +1. These loans make up about 1 in 20 of **all** new mortgages originating in 2015. So for every 20 dwellings sold in 2015, 1 will be in this situation in 2020. That is a lot as a proportion of the market returning to market. This figure is derived from ~40% of loans in 2015 being IO via the RBA: + + >["The share of outstanding housing credit on IO terms increased to almost 40 per cent by 2015." +](https://www.rba.gov.au/publications/smp/2018/may/box-c-the-expiry-of-interest-only-loan-terms.html) + + and [this graph](https://www.rba.gov.au/speeches/2018/images/sp-ag-2018-04-24-graph4.gif) from the RBA showing ~15% of 2020 IO loans originate in 2015. + + Roughly ~15% of ~40% is ~6%, putting about 1 in 20 of **all** 2015 Australian mortgages in this situation. + +3. The clearance rate will trend lower as more stock comes onto the market but more demand does not. + + [Foreign investment which made up a bulk of residential real estate investment from 2012-2018 has fallen significantly using the figures from FIRB.](https://www.rba.gov.au/speeches/2019/images/sp-gov-2019-03-06-graph7.gif) Without the same level of demand to satisfy the 2019 and 2020 growing volumes clearance rates must come down unless owner-occupiers and first home buyers pick up the slack. They can't because they can't afford the median prices in Sydney and Melbourne, on average. They can afford entry-level properties but cannot put a price floor beneath the average/median price or higher. + + Without this injection of foregin capital the ROI/ROE on residential real estate is very low yielding in the Sydney and Melbourne markets. Without this, you see growth like before 2012 on these graphs, [Example one](https://www.macrobusiness.com.au/wp-content/uploads/2018/07/Capture-709-660x446.png), [Example two](https://www.macrobusiness.com.au/wp-content/uploads/2018/08/Capture-51-660x448.png) and not the graph subsequent from 2013 onwards, which was [reliant on foreign investment](https://www.rba.gov.au/speeches/2019/images/sp-gov-2019-03-06-graph7.gif). +This suggests 0% to -3% growth without foreign investment compared to 8% to 15% growth with it. +>[The ABS House Price Index for Australia shows that +nominal house price growth was running at 9% over +the year to September 2014. This compares to 8% +over the year to June 2013, 0% to June 2012 and +-3% to June 2011. Growth in Sydney over the year to +September 2014 was nearly 15%.](https://www2.deloitte.com/content/dam/Deloitte/au/Documents/financial-services/deloitte-au-fs-mortgage-report-2015-050718.pdf) + + FIRB 17/18: ["In residential real +estate, there was a decline in New South Wales’ share of approvals, which was offset by +increases in Victoria and Western Australia’s shares. The decrease in residential real estate +approvals by value was driven by a drop in new dwelling related approvals. Like other +similar economies we have seen a decline in proposed investment from China as Chinese +authorities have tightened capital controls. ... While Chinese demand for residential real estate has fallen, China still accounts for a +majority of residential real estate approvals."](https://cdn.tspace.gov.au/uploads/sites/79/2019/02/FIRB-2017-18-Annual-Report-final.pdf) + + China is still the biggest residential real estate investor but it's down from $31,912m in [2015/2016](https://cdn.tspace.gov.au/uploads/sites/79/2017/04/1516-FIRB-Annual-Report.pdf) to $12,668m in 2017/2018 (it's lower now in 2018/2019) a reduction by 60%+. The market will require something like $20bn new investment to recreate that level of activity. That isn't realistic. Some country, or a number of countries, would need to increase their investments far higher than they have over the past 10 years. For e.g. the USA as the 2nd biggest investor would need to increase its investment well over 300%. + +1. Domestic investors won't pick up the slack where the foreign investors left-off for a few reasons + + (a) ROI/ROE won't be there to attract bubble-like investment without the foreign investment creating strong growth to encourage domestic investment. + + (b) Yield will remain low over 2019/2020 with the oversupply of properties still coming onto the market. + + (c) There's not enough domestic investment to replace that which came from foreign investment in 2012 onwards. The short-fall in demand will remain. +This crash is triggered by many factors. Bitcoin is already at 35k$. + +We are yet to see Feds increasing the interest rates which they have to increase to curb the inflation + +Prediction is that this decision will come by march so during Feb to March the chances that crypto prices will increase during this time is negligible. Now imagine cryto prices declining(Or being stable) till march and then feds will decide to increase the interest rate. Imagine the amount of panic selling that would be there. + +Also when interest rates will be increased there would be less money in circulation so naturally less people will invest in crypto so it will go even more down + +I am scared to say this that it may reach 20k$ or even less. Then only it can go up +APES. So my post last night in u/CuriousCatNYC777's post was taken down by automod because I edited it and that took it over the character limit. Lol smooth brain. My first comment that blows up and that happens. Original post: [https://www.reddit.com/r/Superstonk/comments/nneg7p/european_financial_news_is_reporting_that_hedge/?utm_source=share&utm_medium=mweb](https://www.reddit.com/r/Superstonk/comments/nneg7p/european_financial_news_is_reporting_that_hedge/?utm_source=share&utm_medium=mweb) I have messaged the mods to ask it be brought back, but in the meantime putting it out there for those that want to see it. + + +Ok this has got my mind going in a million directions. Obviously this has connections with The Everything Short - the idea that Citadel found an infinite money glitch that involves shorting the entire US Treasury Bond market and completely screwing over the repo market in the process. + +It always made sense to me that the Fed would want to stop Citadel, to cut them out of the system like a cancer before they mess things up real good. But it always seemed too good to be true. We don't want to fall into the trap of assuming that everything relates to GME. Why would the Fed give two deuces about us? + +And then this journalist - from another country, of course nobody in America would pick up on this - ties the two together perfectly. And if you have any doubts, take a look at [this](https://www.bloomberg.com/news/articles/2020-05-21/how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying). Guess who has a history of helping the Fed out with this kind of thing? So much so that some people refer to them as the fourth branch of the government? Oh that's right. BLACKROCK. + +BOOM folks, the final piece clicks into place. Bring your cameras because we're not even stopping on the moon, we're going straight for Alpha Centauri. + +Just to recap in case I didn't make it clear enough last night in my excitement, BlackRock - yes, BLACKROCK, the largest institutional holder of GME by a massive margin, who has a history of backing Daddy Ryan Cohen, and who is the #1 candidate to be the mythical GME Long Whale that is bleeding Citadel dry - ALSO has a history of helping the Fed buy bonds (which Citadel has shorted into oblivion - see u/atobitt's The Everything Short) and disposing of toxic assets in the wake of a financial crisis (see the articke I posted, here's the url: https://www.bloomberg.com/news/articles/2020-05-21/how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying). + +This article OP posted confirms it, the Fed has enlisted the help of certain banks and financial institutions to avert or mitigate the effects of an incoming financial crisis. I would bet an entire GME share at peak MOASS price that BlackRock is helping the Fed accomplish this by deleting Citadel out of existence, before they can screw over the US Treasury bond and repo markets any more. And how are they going to do that? GME go 🚀🚀🚀. + +Strap in lads and lassies, it isn't just us vs. Citadel. It's us, BlackRock and the Fed vs Citadel. The government isn't going to step in and stop the MOASS from happening - THEY WANT IT TO HAPPEN. Now, this means they can also manipulate the price so that it doesn't happen until they are good and ready. We have seen this with all the rules passed recently. But there is going to be fireworks. This is like Megalodon vs. Kraken of the financial world. And we are all little fishes in the sea (what kind of fish most resembles an ape?). We will need to have patience, it might not happen exactly when we think (personally I am still jacqued for the next 6-7 weeks). But we are going to have the feast of a lifetime when it all shakes out. + +Not financial advice, I literally can't distinguish my behind from a coconut, fyi. Oh look, a banana! + +Edit: APES. Thank you so much for the upvotes and the awards!!! You all are the reason this journey is so much fun ❤ +This will be my last ever discussion post on $trac. + +I posted another post a week or so ago. I noted x1000. I was called all sorts. I care not about that however thought I would post this report which was put out today by Alpha Sigma Captial. Their finding points towards everything I have been trying to raise awareness about. + +&#x200B; + +Report - [https://docsend.com/view/x6qp38zujgdyw86f](https://docsend.com/view/x6qp38zujgdyw86f) + +[https://twitter.com/AlphaSigmaFund/status/1362077490059956227](https://twitter.com/AlphaSigmaFund/status/1362077490059956227) + +&#x200B; + +Highlights - + +Target of 100,000 organisations to use $trac by end of 2023 + +E Price of $101 by then. + +At time of report creation $trac was 35 cents. They see this going in the same direction as I said. + +Current price 50 cents. + +This token will grow regardless of a bear market or no more listings. + +Guys this is mass adoption. + +The report doesn't even mention GS1 barcode evolution and Next generation Internet project which makes me feel their estimate is very conservative. + +&#x200B; + +This is my last post to raise awareness. + +&#x200B; + +I hope yous join the journey with us Tracers before nOS goes live and the adoption market buying commences. + +&#x200B; + +Remember this report does not take into many other factors that will also drive up the price up $trac , if you are interested you are welcome to join our community to discover. +https://aws.amazon.com/about-aws/whats-new/2021/03/announcing-general-availability-of-ethereum-on-amazon-managed-blockchain/ + +This is huge: + +> With this launch, AWS customers can easily provision Ethereum nodes in minutes and connect to the public Ethereum main network and test networks such as Rinkeby and Ropsten. With Amazon Managed Blockchain, customers get secure networking, encryption at rest and transport, secure access to the network via standard open-source Ethereum APIs, fast and reliable syncs to the Ethereum blockchain, and durable elastic storage for ledger data. Amazon Managed Blockchain monitors node health, replaces unhealthy nodes, and automates Ethereum software upgrades, improving the availability of customers’ Ethereum infrastructure. In addition to DeFi applications, customers building analytical products such as smart contract monitoring tools and fraud detection software can also benefit from this scalable, highly available, and fully managed Ethereum service on Amazon Managed Blockchain. + +It makes it easier for developers to focus on the code instead of infrastructure when building out dApps. It also lets you run highly reliable full nodes if you want as well! +Just a gentle reminder that after we hit ~$400 the first time, we corrected all the way back to ~$150. The equivalent right now would be a swing from the top (of $517) down to roughly $200. Yikes! + +Rules to remember: + +* Nothing goes up ONLY. Everything goes up and down. + +* In crypto, volatility (both ways) is much more violent than, say, stocks. + +* NOBODY knows what the price is going to do. By definition, the current price is the sum of all bulls and all bears agreeing where it should be right now. + +* Short term logic (e.g. "Well I think ICOs are going to dump soon", "Crypto cats are exposing network congestion issues so the price may tank", etc) is largely speculative, irrelevant and useless. (Edit: Even if you are right, that doesn't mean everyone else sees and behaves according to this correct logic. Hence, uselessness.) + +* Never invest more than you can afford to lose. + + + +If you disagree with any of this and want to day-trade, please be my guest. I tried. + +"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett +Credit to /u/adrewskiortwoski for catching this. + +>9 SEC. 13303. LIKE-KIND EXCHANGES OF REAL PROPERTY. +>10 +> +>(a) IN GENERAL.-Section 1031(a)(l) is amended by +> +>11 striking "property" each place it appears and inserting +>12 "real property". + +https://www.washingtonpost.com/apps/g/page/business/read-the-senate-tax-bill-released-friday/2264/ See Page 172 + +**ALSO VERY IMPORTANT -- FIFO MAY BE FORCED UPON US:** See Page 254/255. A new subsection is added (e) to Section 1012 + +>(a) IN GENERAL.-Section 1012 is amended by adding at the end the following new subsection: +> +>(e) COST BASIS OF SPECIFIED SECURITIES DETERMINED WITHOUT REGARD TO IDENTIFICATION. +> +>(l) IN GENERAL.-Unless the Secretary permits the use of an average basis method for determining cost, in the case of the sale, exchange, or other disposition of a specified security (within the meaning of section 6045(g)(3)(B)), **the basis (and holding period) of such security shall be determined on a first-in first-out basis.** +> +>(2) EXCEPTION.-In the case of a sale, exchange, or other disposition of a specified security by a regulated investment company (as defined by section 851(a)), paragraph (1) shall not apply. + +Section 1012 deals with taxation of property (crypto is currently classified as a property for tax purposes): +>https://www.law.cornell.edu/uscode/text/26/1012 + +Section 6045(g)(3)(b) defines a "specified security" +>https://www.law.cornell.edu/uscode/text/26/6045 + +(B) Specified security + +>The term “specified security” means— + +>* (i) any share of stock in a corporation, +>* (ii) any note, bond, debenture, or other evidence of indebtedness, +>* (iii) any commodity, or contract or derivative with respect to such commodity, if the Secretary determines that adjusted basis >* reporting is appropriate for purposes of this subsection, and +>* **(iv) any other financial instrument with respect to which the Secretary determines that adjusted basis reporting is appropriate for purposes of this subsection.** + +Note the last clause. + +**This is likely a direct shot at crypto.** This means that government can and likely will force FIFO upon crypto. Tread carefully. + +Went to have a look round some newbuilds today: 3-bed semi, glorified shoebox and barely a ‘starter’ home, 30 miles outside of London... £525k + +It’s ludicrous, yet almost every other post on this sub is asking about LISAs, so people must be buying them. + +How long do you think before it all comes tumbling down? +So I have a huge jar full of change that I’ve been saving for years, I haven’t touched it since I started saving. Since there’s a national coin shortage in the US, I figured now would be a good time to cash that in. How do I get the most out of it though? I have no idea where to take it to get the most “bang for my buck”, other than one of those change machines in the grocery store. +Hello I don’t qualify for Roth IRA. And my company now has a cap on my 401(k) at 8%. What are the other smart options for investing. I have approximately $800/mo to invest. +Hi all, + +I understand that getting life insurance for my baby would be the Cheapest right now. For people who are wondering why I’m even thinking about this is because + +1. The premiums I believe would be very low.(Not sure exactly because haven’t spoke to my insurance guy yet) +2. I want to be able to transfer wealth to my grandchildren (I know I can’t tell the future, but hopefully he will get married and have kids) + +Thoughts on what my insurance will offer me? And thoughts on if I should actually get it or not. + +Additional info: My wife passed after giving birth. Not sure if info needed but wanted to give a full picture of my situation. + +Thank you for reading/responses. + +Update: I’m getting a lot of have a policy on yourself comments. I already have 1m+ between term and whole life policy I have. Thanks for the people who suggested. + +Update: Few have been suggesting 529s..but +Yea the only thing is my wife and I had a conversation +and was ok with our son not going to college IF he +decided to go the Entrepreneur route which is what my +wife was passionate about and being self employed. +Ofcourse our plan was to raise our son with the intention +of teaching about finance and business. We really +wanted to teach him to work for himself rather than +work for someone else. But as we know, I guess +anything can happen. +The popular post last night highlighted that many people in this forum are not on the mega bucks salaries that are often bragged about, e.g. 25 year old, software, first job £80k etc..... don't get me wrong that is fantastic if that's your path, however, for those who wearn modest to average salaries, when do you go "that's enough for me, I'm happy with what I've got" and not crave for more? +I know this may be too speculative for a proper response but I'm finding it strange that while BTC is hitting record highs the BTC mining companies (e.g. HUT, HIVE, and(for a few hours today) BITF) are dropping. + +I'm finding this especially strange since as I understood it a good chunk of the assets of these companies is BTC itself. + +I know the market can be irrational, but I'm looking to better understand why we'd see drops in the mining companies when the underlying currency is increasing in value. I don't think there's been any change in supply of hardware technology, changes in electricity prices, or other things that might negatively impact non-BTC assets. + +I was thinking it could have just been a day of investors selling more than they were buying, but am curious what the broader community thinks. +Pretty new to investing, trying to learn from the best. + +Bought many shares of various Canadian Energy stocks, biggest ones : Imperial oil, Canadian natural resources and Cenovus. Bought many smaller caps too like Athabasca, as its been like shooting fish in a barrel. + +What should I do? Hold steady while this market continues to crash (s&p nasdaq) or should I take these profits sooner than later and start buying the dip for long term plays like Tesla. + +What is the best source of information predicting where oil is going to go? I don't want to be greedy and continue to hold these stocks and possibly lose or make more. It scares me to be almost 85 percent invested (entire life savings ) in oil stocks but I made a really good return the past 3 months. + +Thanks +Remind me again how the rich keep getting richer? + +These people have more money than we can even conceive of. Probably more money than THEY can even conceive of. Normal folks being forced to hustle to keep a roof over our heads isn’t a flaw of the system; it’s built into it. + +Hold onto your GME with diamond fists, my fellow apes. Let’s tear this fucked up system to the ground. +Posting Gain Porn, for obvious reasons, is banned until at the very least AFTER the squeeze is been and done. + +However, I believe that posting Hold Porn could be beneficial to the sub, and would like some other apes to weigh in on this. There are apes on this sub that have x/xx number of shares (the little apes) and there are apes that have xxx/xxxx number of shares (let's say little whales), and the true emotional and mental pressure will come when the stock price starts hitting anywhere above 10k-50k, as this is where the little whales will start seeing their multi-millions, this is the moment where little whales need to diamond hand the most, as the urge to lock in their millions will be intense. + +The little apes may then be sitting in their seats sweating, wondering if the little whales are holding strong, creating our own unnecessary internal FUD. But the little apes are the most likely, imo, to hold until the rocket truly moons, because this is the only way they become millionaires themselves. Little apes will need around 150k-2million per share to see the multi-millions. For apes to stick together, everyone's floor needs to be at least 2 million, so that single share holders can still be in on the party. My personal floor is higher, because I'm stubborn, and I like the stock. + +During the squeeze, little whales can help remove the self created FUD and post their Hold Porn, showing that we are still in the fight together. Of course, little apes can post Hold Porn too, as this will only add to the positive mentality. + +Edit: some people have rightly pointed out that HFs could mine this data and it's ill-advised to post positions. However, on certain apps you can tell if people are holding their positions whilst also censoring the raw figures of the position, which could be a nice middle ground. For example, on T212, a stock you're invested in will have a "your investment" section containing data such as "x shares", "your return" and "average price". All of the raw data could be censored out, leaving nothing to be mined, but the rest of it could be posted showing you still hold *some form* of position. A stock you're not invested in will not show this section at all, it just isn't there. + +Sometimes people need positive reinforcement, and a sense of camaraderie, and knowing we're all holding backed up by a little cleverly censored proof could provide that. Any other methods of achieving the same thing are welcome. Maybe we could just post a certain number of rocket emojis per day to tell everyone we're holding. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Just asking for opinions. + + +I think everyone can agree that the current market is in a weird position, low interests rates but property prices that are sky high. (FL Area at least) Would it be a good idea to liquidate it now and use that cash reserve to buy more properties that would be undervalued during a recession but could reach their full potential after it's recovery? +State is Minnesota. + +Under contract for a duplex, but it's contingent on one of the tenants vacating so that I can owner occupy one side. Interest rates are higher if I buy as an investment property versus an owner occupy primary residence and right now a higher rate will kill the deal. Both tenant's leases run until May of next year, and so I cannot just buy it as an investment property and not renew the lease and then move in summer of 2023 - the the interests rates consider the intent of the property at purchase. + +Current seller reached out to both tenants for a cash for keys offer of $5K. Both dug in heels - one demanded $60k and the other $16K. I upped my purchase price by $5k so that the seller could offer $10K to the lower-cost tenant. But its' been a day and a half and there's no word. I'm now tapped out and can't go any higher. $10K was my max on this deal considering the purchase price, interest rates, closing costs, etc. + +Looking for advice. What if cash for keys doesn't work? Are there other creative strategies? Would the deal be over? I've heard of some states laws that push a tenant out if repairs are needed at purchase, but I think that you need to provide a good faith other to return after the repairs are finished. I am not sure. HELP! +I am a business owner looking to add some real estate holdings to my portfolio to develop monthly cash flow. It seems everything I come across, whether it be a triple decker, warehouse, apartment, etc. would hardly break even each month after paying the mortgage, insurance, some maintenance, etc, even after putting 20% down. The numbers just don't add up. + +Is there some financial instrument, strategy, etc. I am missing here to make an investment like this attractive? I want to own something, not buy into REITs. I live in an expensive area, so perhaps it just comes with the territory? + +Thank you for any thoughts! +I fucked up this fortnight’s budget and can’t make my mortgage payment which will attempt to automatically direct debit this evening. There isn’t enough money in the account. + +I’ve never missed a payment for anything in my life so I have no clue what the process is here. + +I’m expecting some holidays paid out (new job) on Tuesday but also my next payslip in 3 weeks can cover this missed payment plus the next one and all my other bills. In short I have the money coming and assuming I can pay later, I won’t fall behind. + +Two options I’m considering: + +1. Borrow money off family +I will make my payment and everything should be fine. Only downside is the inconvenience to myself and family needing to facilitate this. And also need to figure out an instant way to move about $2k of cash into my account as some methods have a multiple business day waiting period. Withdraw cash from atm and deposit cash into atm? + +2. Call bank and arrange to pay it later. +Very convenient, however I’m unaware of the consequences. Basically my credit score / serviceability. Can doing this harm my credit score and loan serviceability? Is it possible that my credit score remains fine but my serviceability for my current bank is impacted due to internal policy about customers deferring payments? + +To summarise: +What are the negative consequences of deferring my mortgage payment? + +Edit 1: + +I just want to say I appreciate everyone’s comments here, even those expressing concern to whether or not I can afford the property. I know it can be difficult thing for people to hear but sometime the truth can be hard to swallow. + +That being said, I do believe I can afford the mortgage. + +To address some comments: + +Perhaps missing a payment is indicative that I can’t afford the home, however I believe I can afford at it. + +My repayments are 1700 a month. Rates are 1600 every 6 months, and insurance is 120 a month. So about $506 a week using exact figures from my budget. Cheapest rentals to support 2 adults and 3 kids are around 350-400 a week in my area. I admit I’m not factoring in unexpected repair costs but it is a brand new home so a lot is under warranty and these issues popping up in the short term are unlikely. + +Also, im working and my partner is not (convenient this way with the kids), so our contingency plan to deal with an unsustainable budget (maybe rates go up a heap) is to have her work which adds a lot of cashflow. However currently without her working, our budget allows for excess of $560 a week on top of all regular expenses. + +Also a good argument can be made that I should have an emergency fund and not be living paycheck to paycheck. My answer to this is that it’s temporary. Our new house took 2 years to build instead of 5 months as was promised so we have been paying rent plus mortgage plus storage fees and extra fuel so it’s chipped away at our emergency fund over time. + +With our situation stabilised I believe we can afford the house, and if not, my partner can go back to work. + +Edit 2: + +I have called my bank and deferred the payment until Thursday, and I expect to be payed Monday. + +This results in no impact on my credit score, but will show internally that my account is in arrears. The banks says this shouldn’t impact my eligibility for any product in future as it is only 5 days and they have noted the reasoning. Assuming that I make the payment all should be well. +As I know, he has regretted that it is my fault to not buy amazon and google stock. + +If so, I wonder Why warren buffett does not buy amazon and google stock right now? + +Do you know the reason? +Long story short, + +Phone got stolen, they were able to access my Binance app, transferred everything within minutes. + +£4k invested gone. + +Been meaning to use a cold wallet for some time, paid for my complacency. + +For anyone as stupid as myself I would recommend questioning having exchange apps on your phone. And if you do, don’t have the app linked to the same email account that’s linked to the phone, as any their will have access to all of the confirmation codes that come though. + +Money comes and goes. It sucks I didn’t get to see the recovery. I’m still on board with Etherium, but unfortunately my ride has come to an end. +https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-launches-nft-marketplace + +What many of us have been waiting for is finally here! What are your thoughts on the potential price action this could cause, especially with the upcoming dividend coming up next week. +Hi there, I’m seeking some input regarding purchasing VEQT. People here have been very helpful in the past so I thought I’d reach out. I recently received about $80,000 from my previous employer. $50,000 is being transferred to my Questrade LIRA and $30,000 to my Questrade RSP account. I have made up my mind that I’m purchasing VEQT. However, should I just buy it all at once? Or should I buy a bit at a time? + +Edit: Thank you everyone for the advice! I’m going to dump all the funds when they come in. I won’t be touching these funds until about 32 years so I’ve learned it doesn’t matter much. +Can we please respect the team's wishes. + +We have been asked not to announce that we have been approved by satori so as not to give info to the shills on how to get approved. + +I repeat (lol) as I need make up chars....We have been asked not to announce that we have been approved by satori so as not to give info to the shills on how to get approved. + +Is that clear or do I need to repeat myself yet again.....? :/ +MindMed is a psychedelic medicine biotech company that studies how shrooms, LSD, and even MDMA and DMT can help treat depression. Honestly, I already confirmed their studies to be true in college. + +Anyways, MindMed has been trading OTC in like Canada's market or something (I guess there are companies that exist outside the USA) so only brokers that allow OTC trading let you buy it. As of today though not anymore! + +They announced that they will begin trading on the Nasdaq on Tuesday, April 27, 2021 under the symbol: MNMD. + +Reasons I invested: + +1 To get in before Nasdaq listing (not too late to do so) + +2 Always saw the psychedelic market to be the next drug market to boom (It still is relatively new market, more research and potential catalyst in the future) + +3 I believe in the research (our generation is like number 1 in rising depression cases and most treatment for depression sucks. This research can be revolutionary for depressed apes that Yolo'd too many FDs or actual depressed apes that aren't retards.\[Edit: Other mental health issues they are studying to treat are; anxiety, addiction and ADHD\]) + +4 Kevin O'leary AKA Mr. Wonderful is invested in it (I usually don't buy into celebrity endorsements but Mr. Wonderful believes in the company and he doesn't invest in something he would lose money in. Also he did mention MindMed to Cathie Wood in a four panel interview on CNBC a week or two ago. So possible Cathie Wood interest after listing) + +5 Nasdaq listing allows more money to flow in (after April 27 robinhood retards can throw YOLO money into it) + +6 I like the Stock + +The only disclaimer is that I am not a financial advisor and this would've been a YOLO post if I didn't lose so much money on stupid PLTR calls + +Mods plz this is my first legit post here ever + +edited a lil more info + +Edit2: So there are people getting banned for mentioning the OTC ticker because its not 1b market cap. But it def is over 1b, sitting at 1.1b rn on Yahoo. Hopefully mods can see this and remove MindMed from the banhammer list and hopefully unban accounts that are trying to help people about the stock thx +On a red week the forum is full of top posts that say "duh this was overdue to happen" followed by a green week where all the top posts say "duh this is the greatest bull run in history." + +I'm just pointing out that most of what this sub has is confirmation bias which does have it's place and helps with the emotional circus of the stock market. Just remember it's not any better then "the goons at CNBC." I can give you just as many reasons for the S&P to be up 3% tomorrow as I can for it to be down 3% tomorrow. + +NOBODY ACTUALLY KNOWS! Now more than ever. + +That being said, I get a bit annoyed with the "I told you so and everyone should have known" responses. It's easy to boast when you are right and in reality you could have just as easily been wrong. + +It doesn't seem like a big deal until someone who lost a lot of money feels singled out like they are the only one who didn't see it coming. No this isn't about me but more what I witnessed in 2009. + +If a year from now the S&P is down 20% from where we are today we can justify it. If it is up 20% we can justify it. Doesn't mean we know anything today. + +That being said, I'm betting green tomorrow but hoping for red! Need to spend some cash! + +Good luck out there! +Not sure if the is kind of post is allowed so I apologize if it’s considered off-topic. But there was some cathartic aspect of feeling “seen” in this story, they did a good job at highlighting the absurdity of the government programs and what it takes to qualify, maintain and prove you belong in the program but also the impossibility of it all. The cycle of poverty between generations, or the cycles that people are trying to escape were highlighted as well. They included all the background noise of family situations that compound the struggle right when you’re about to get on your feet, something comes along and shits on your progress. +Might not be everyone’s cup of tea for “entertainment” since most of us are still in the hell of living it. But also, yes. I just felt it and cried through almost every episode. Has anyone else seen it? +I didn't get into ETH to sell once it got to 100. ETH is revolutionary technology, enabling apps that were never before possible and the rise of ETH has just begun. I'm not selling a single ETH until it hits 1k and even then, it won't be all of it. If it busts before then, that's life, but as long as the market cap is below BTC's, the price is a bargain. It will need to get to a few times greater Market Cap than BTC before I consider selling any. +What would you do? We have placed an offer on a property, yesterday, after eyeing it on the market for months as the price has lowered continually and now into reach of our budget. + +We started with $650,000 in mind but have since moved to $665,000 yesterday in a formal offer. The agent has now told me that late last nihht they recieved another offer. She has changed her story twice, with first noting that their offer was slightly higher to now the offer is even with ours and she really wants to give it to us but we must go abit higher to win it. So I don't want to budge, I believe I can afford to but I don't really want to be stretching our budget right to its end at the moment with the way the markets going. + +She told us that the other potential buyer is an investor who will be able to go higher so she encourages us to strongly consider raising. +Saw the movie The Big Short yesterday. I enjoyed it. Are there any similar movies dealing with investing? Of course, I already saw The Wolf of Wallstreet. I'm talking less known movies. + +Cheers + +EDIT: Thank you all for so many excellent recommendations. I honestly did not expect to get 200+ comments ;) +Who here remembers when Elon musk tweeted that TSLA stock was too high? He tweeted that on May first. 5/1 + +5 for 1 split. That tweet was his way of telling us he was going to split the stock. 🤯 +Who here remembers when Elon musk tweeted that TSLA stock was too high? He tweeted that on May first. 5/1 + +5 for 1 split. That tweet was his way of telling us he was going to split the stock. 🤯 +I have 100 shares of RAZFF (Razer Inc.) and the company is going private in a few days. + +Should I sell now or wait for the auto buyout? (Presuming there is one) +https://i.imgur.com/2v4190H.png + +Source: Fidelity Research Compare Tool + +Amazon has been spending a lot of their income in operating expenses and CapEx. When do you think will the company start having positive free cash flow and pay off its debt, like the rest of the top megacaps? +I don't get it. What would be the incentive of investing in a company like IBM? The stock price has been depreciating since 2013. + +I realize they have a nice 4.5% dividend, but does that make up for losing your principle investment? + +What am I failing to see? +I bought shares of SNC-Lavalin on June 12th. Making up 4.5% of my portfolio. It is currently down just over 40%... More and more bad news just keep on piling on. From the Saudi Arabia political tensions, to the past bribery cases, their mining and metallurgy operations and also Justin Trudeau is somehow involved. (Trying to give SNC a sort of "free-pass"). Is there anyway that SNC gets anywhere back to near where they were (almost at 60$/share) or will they be banned from federal projects for 10 years? Which would result in billions of revenue lost for them. + +Thank you! +ENB had news on Friday about their Line 3 expansion being slightly delayed into the second half of 2020 instead of second half 2019. + +A seemingly minor delay given the troubles they went through just to get it approved. So why is the stock down so much today on the back of this news? I don't understand why such a large impact, if anyone can help me wrap my brain around it I would greatly appreciate it. This stock has been a dog for so long. +Through working full-time & freelancing ungodly hours over the past few years, I've saved nearly £45k but, as if having awoken from a coma, I realize it was entirely in vain as I have lost passion for my current career trajectory - I was merely burying my head in the sand by working every hour I could... + +I am living with family currently but unfortunately I feel like I'm in no position to buy a house/apartment as I have no partner, and now no career. I'm currently earning £23.5k in central London with a few years' experience (\~50-55 hours a week before any freelancing) since I have not completed my Master's degree / professional exams & qualifications. + +Whilst I try to navigate an alternative way forward in terms of my career, is there anything I should be doing with my savings? I am feeling like a moron for saving so aggressively before having a decent career in sight - I have burnt myself out, become lost and now it seems that soaring inflation is going to eat away at the savings I've accrued anyway. + +I'm aware I should have been putting money into a LISA as per the flowchart - I'll finally start on that now. + +Apologies for the rambling & thanks in advance for any advice. +I own 3 condos, all rented. +One condo has $120,000 equity, the other two have $55,000 equity each. Total $230,000 equity. +The condos are peaked, they will sell for $125,000 each which is nuts. Good time to take advantage of the market. +The condos only cashflow $800/mo because 2 of the condos have a mortgage so only 1 cash flows. + +I found an off market 8 unit that I would buy. Have not decided a price yet, but $700,000-$900,000. +Each unit will rent for $1250/mo average. It’s in good condition. Will need updating over the years. +PITI $5020/mo at $900,000 +Taxes are $16,000/yr +Insurance $2500/yr estimate +Maintenance and expenses estimate $1000/mo. + +My numbers show the 8 unit will cashflow $4000/mo approx. + +Should I 1031 exchange these 3 condos? How do I do it? How much does it cost to 1031? +This may be an odd post, but it's something I've been feeling lately and wanted to know if it's just me. + +I'm 28, making £27k/yr as a teacher. I pay my half of the bills and I am comfortable. I have extra at the end of the month. But... + +Even though things are going fairly well at the moment, I'm not happy with my finances. I'd love a new car. I'd love to save more. I'd love to make improvements to our house. There's so much that I would like to do but it seems impossible, not just now but at any point in the future. + +What do you guys think? Does the overwhelming feeling of "there will never be enough" hit anyone else so hard too? +FIRE is one tool eliminating material scarcity from the list of things you have to worry about, which is great considering the larger goal of building a life you want to live. +Extreme saving to build up capital equaling 25x your expenses is one way to achieve FIRE. +Retirement, in the traditional sense of retiring to a life of no particular work responsibilities is one type of retirement. +BaristaFIREing to a quiet life of easy work is another option. + +All of these things have names. But all of these things are merely arbitrary points on a spectrum of infinite possibilities. Life isn't a forking path, with traditional FIRE going one way, with baristaFIRE pointing in the other direction, and no middle ground between them. You're "allowed" to retire to a life based on the 6% rule, with baristafire as a backup. You're allowed to become financially independent and never quit your job if you don't feel like it. You're allowed to retire at 32 fully FI, get bored, start a pottery studio, live off the income from the pottery studio for a while, get bored, close it down, then get a job with the county government cutting down trees. Life is too short to limit your choices to the default options on a forum. + +I think everyone here is aware of this, on some level. But, really often on this sub, I see people falling into the easy ruts, like treating the 4% rule as an actual rule. Or, they let the easily defined concepts, like coastFIRE, define their goals, when it's pretty clear based on reading their writing that their real goal should be in the Grey Area Of FIRE That Has No Name Yet. Grey Area Fire That Has No Name Yet is perfectly fine. + +Don't let mental frameworks define your path -- let your honest assessment of the life you want to live define your path, and let the rough concepts and frameworks serve their purpose: giving people a starting point for conversations. + + +I have an investment property in NJ listed for sale at 1.5M that’s completely paid off. I’m torn with what to do with the proceeds. I originally wanted to do a 1031 Exchange (to defer capital gains tax) for another investment property/ties where I am now located in FL and have it professionally managed so that I can hopefully increase cash flow. However, good deals are hard to find in FL now so rather than invest in RE, I am now considering paying the capital gains tax and investing in income producing ETFs because it seems more “passive” and that’s what I’m going for. + +I’m 46, healthy, single, and no kids. I have no loans or mortgage. CCs are fully paid each month. I have 2 additional SFHs (fully paid) that are rented and professionally managed here in FL. I formed and LLC partnership with my brother and we would split the income from these investments. My goal is to FIRE/LeanFIRE since I have no dependents and don’t plan on having any. I’d like to maximize my returns from the proceeds of this sale and do it with the least amount of headache. So far, having professionally managed rental properties has produced somewhat decent returns, but I still have to manage the property managers and lately they have been slipping up, so I’m considering changing asset classes and moving to ETFs that pay dividends. Choosing what ETFs will be another post for another day, I just wanted to hear opinions of what direction to take. + +I’m posting this on r/realestateinvesting and r/ETFs +First off im not exactly a noob to investing but still learning the finer details. + +So what are some of your favorite high dividend ETFs? + +I'm kinda liking QYLD. It has a nice price point with a nice steady dividend that pays upwards of 10% + +What are your thoughts and do you have anymore suggestions? + + +Bonus question. +Do you think investing for dividends is the most efficient way of gaining wealth through investment. Or should I consider dividends more of a bonus and just focus on growth? +First off im not exactly a noob to investing but still learning the finer details. + +So what are some of your favorite high dividend ETFs? + +I'm kinda liking QYLD. It has a nice price point with a nice steady dividend that pays upwards of 10% + +What are your thoughts and do you have anymore suggestions? + + +Bonus question. +Do you think investing for dividends is the most efficient way of gaining wealth through investment. Or should I consider dividends more of a bonus and just focus on growth? +I’m presently searching for the best global ETF and narrowed it down to VEA, EMXC, and VXUS. VXUS definitely has the most buzz and strong past performance, however, I’m disillusioned because it has Chinese stocks and there is a lot of anger and frustration aimed at Evergrande group. + +I’m strongly considering investing in VEA or EMXC over the popular VXUS ETF. Feelings and thoughts? +So I'm new to ETFs and Shares and looking to make a start. I have been doing microinvesting via Raiz but think it's better to go via vanguard. + +I am hoping to find out, how often and how much are people investing each time into ETFs taking into consideration the brokage fees/if any to maximise returns? Planning on holding for 30 years. +Expense ratio fees are **over-rated** for ETF selection unless the comparison ETFs are tracking the same index. People get hung up on expensive fees and miss opportunities. + +***ARKK has net expense fee of 0.75%.*** + +***A high 0.75% expense ratio for $1,000 invested is only $7.50 for the year.*** + +A yearly return of 0.75% pays for this. + +ARKK averages 52% over 3 years (303%). $10,000 invest over 3 years results in $24,814 profit (total at $34,814) with 3 year expense fees total $547 (114+172+261). + +Why eliminate the EFT selection over a high net expense fee? + +It shouldn't be a primary factor for selecting ETFs, unless choosing between ETFs tracking the same index. + +*I edit my post and fix the net expense fee compounding with investment growing over time. Thanks to jkim0115 for feedback.* +Sorry if this is too basic, but I have a question about how an actively managed fund works. + +If a fund composition is, say, 50% X Company, and I buy some shares of that fund, this doesn't necessarily mean any of my money will go to buy more shares of X company will it? The money I give it just goes into some pool that the fund managers might use to buy shares of Y Company. They might even sell off all of X company, keep my money in cash, etc. It's almost as if I'm buying shares of a company that is just a fund manager. + +Whereas in a passive fund, my money essentially winds up being used to buy the equivalent amount of the asset allocation of the fund. + + +Is that correct or am I misinterpreting the differences between a passive fund and an actively managed one? +I have a good credit rating, no debts at all. Up to £90,000 deposit. My income is pretty low at £24k but Halifax says the most I could borrow is £54k + +I wasn't hoping for much more, I've seen houses I like for £155k in my area. + +Is this really all I'll likely be able to borrow? +And I'm not sure what to do. + +I'm 29, married, and my wife and I decided to buy a home in May of 2018. At that time home value in Louisville had dipped before the covid boom...we managed a 2 bed, 1.5 bath 800sqft Cape Cod with a mostly livable basement, front yard, fenced back yard, on a corner lot with a detached 2.5 car garage that has power and water. We saw it at 79k (somebody flipped it after the elderly previous tenant passed,) and we LOVED it. We still love it, we appreciate our value. + +But now our home is worth almost double what it was before....and my wife and I are debating on executing some very old plans to move to Florida - depending on other factors such as her work. We've ALWAYS said that if we were to move, we'd keep this house...but if my wife gets this job in Florida, it squeezes our timetable by a lot. + +To complicate matters, I am a veteran that is eligible for a VA home loan - a thing I had not used to finance this current house. + +My dilemma is....should we just dump the current house and use that to finance a new house down in FL - with or without the assistance of the VA? Or should we find a way to keep our current home in our possession - at a rate that is truly more manageable than our car payment - and hope to be able to finance two properties at the same time? probably through the VA. + +We have many friends and family here in KY that are certified in various technical skills and have helped on this property before, and we are assuming there will be a fee to manage the property properly through a professional network, but I have no real idea what such a service would cost. +I need your advice please! We are divorced. The home was built in 1971. It’s two story, 2000 sq. feet with a 1000 sq ft basement, mostly finished. We divorced last year but my (now) ex-husband has lived by himself in the house for the last 13 years (that’s another story). In any case he has not maintained the home very well. The home is in Colorado in a very desirable area. It sits on 3.25 acres which makes it more desirable. The home itself sits on one of two lots. The other lot can be easily separated (this would create two equal sized lots, one with the house and the other vacant but buildable) and sold independently. Lots are going for about 150k conservatively. The home and both lots are paid off. The current market value is $525k for the home and both lots together which is very low due to the poor condition of the home. I would be buying the home and both lots (refinancing it, since I technically already own it) for $367,500 per the divorce decree. He gets 70% of the current market value of $525k because I had s lot more in 401k. Comparable homes in the neighborhood (in good shape with remodeling) go for about $600k now. + +I’m 59, make about $125 a year. I will be getting about $100k from the sale of a rental home we have when that sells. I’m renting now for $1200. No other debt. Emergency fund/savings of about $30k. Last year I contributed the full amount 18k to a 401k but no match. I need to decide and sign off on this deal in about 48 hours. +I need to understand now. I watched it rise from \~#30 to now knocking a personal favorite project of mine (LINK) out of top ten. So I decide, let me head over to theta.tv see what this hypes about, I'm a big time twitch user ex-streamer let me see what's going on. Upon entering it's apparent there are almost NO users. From what I can see, it's hard to count higher then maybe 1-2k viewers on the ENTIRE SITE, and how many of those are just farming whatever currency is generated by watching? + +So I'm like, well there's not a lot of users, what do they have for content creators? Well, I can't seem to count much higher then 100 from what I can see through the site (since honestly the layout and design is so bad). With the most watched live creator having a few hundred viewers with a steep drop off to sub 100. + +So, project shills, or just anybody with knowledge of this project, explain to me what is going on? Do people really think this crypto streaming platform is going to legitimately take on Twitch and their viewership? How is this a top 10 crypto project? It pretty much has no users/creators and in general strikes me as some type of vaporware with a poorly designed website. Is this a sign of a peaking bull market? People buying into an idea and not what's actually happening with the platform? It just gives me very end of 2017/Jan 2018 feelings. +Does reading Computer Science papers and knowing the esoteric Statistics and Probability equations help you with your algorithms? + +How does one begin to learn that notation? +I use the binance api, not sure what I'm doing wrong. + +Also : In about a month, I'm planning to let it run for a few days. Should I build a small server instead of using my computer? Should I use a virtual cloud server? + +Many thanks! +Hey guys, +I was speaking to my mum the other day about the fact that she is purposely not paying off the remainder of her mortgage so she has access to an easy line of credit. Is this a smart idea? +My suggestion was for her to pay it off and for me to lend her $10k so she feels comfortable and to start saving money instead of paying the bank the 4% that she has been doing for a while +Not sure if my advice is valid or not? +Hi, + +I need your vote/advice on whether or not I should pull the trigger and retire this year with the "upper middle class" lifestyle in the HCOL of a coastal city in CA (and not necessarily "Fat" where money is "unlimited")? Or should I postpone it a bit (into 2023 with a wait and see approach)? + +EDIT: **all comments/feedback are welcome especially** **if you are already retired (at any age) and/or are in your 50's or older**. Thank you. + +Here is my financial story as of today 7/7/22: + +· Age: 56 with wife (not working, almost 56) and with two kids are still in college. Plan to retire in late 2022. + +· NW: 6M+ in US stock market + $500K in accessible cash/CD/bond. A total of $6.5M+. + +· Primary resident: $2M (no mortgage). Do not plan to move/sell the house in retirement. Zero debt. + +· **Basic** expense/budget: $8K per month or \~ 100K per year after tax. + +· **Desirable** expense/budget (including travel): $15K-$20K+ per month or $180K-$240K+ per year after tax. *Note*: we do not have any extraordinary expensive hobbies (including expensive food/drinks). + +Concerns: + +· Current condition of the US stock market and its economy which may cause my portfolio to go down further (cut perhaps by another 25% or more). + +· High inflation and stay high. + +· Medical cost until 65 plus any unexpected expenses in retirement (and eventually in "real old" age). + +· It could be a psychological issue for me: I was planning to retire with a NW of $10M \[$8M(stock/bond/cash)+$2M(RE)\] and at this time, it is $2M less. Therefore, I am less confident that I will have "enough" to retire in style. + +Based on my own research and used the available financial tools on the internet, I believe that I am good to retire even with my current and lower NW... Thanks again for your comments/feedback. + +EDIT: there is **no** disrespect for the the younger crowd. I just prefer to get feedback from folks that are in similar age range and/or already in retirement. Naturally, everyone is welcome to post a comment here. +Like the title says, my mother (63), who works minimum wage on the East Coast, has no plans for retirement. Her health isn’t great and I’m trying to help plan for the day where she can no longer work. + +I make enough to not live paycheck to paycheck in a high cost area on the West Coast, and have enough wiggle room to put some money away for her. + +What all can I do? I expect that she will be living with me at some point. What types of accounts would help me and my mother when that time comes? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +https://www.cnbc.com/2019/06/04/crypto-founder-at-lunch-wants-to-change-buffett-hatred-of-bitcoin.html + +Justin Sun says he may not be able to change Warren Buffett’s opinion on bitcoin in a three hour lunch. + +However Sun hopes to offer the Berkshire Hathaway chief a different opinion. “I want him to learn what the younger generations are doing.” + +Sun says he’s a believer and a fan of Buffet and his “long-term value investing strategy,” adding he wanted to pay Buffett “back for his inspiration.” +It seems like a scam, but who knows it could be an accident as well? + +The person has been texting and calling her and called her by name in a text, but hasn't left a voicemail. + +This seems like a scam, but the money is fully deposited into my wife's account and it doesn't seem like there is a way they could retrieve it. Please advise! +Hi reddit. For those of you who have made it, did you make it by being really good at one or a limited amount of thing/skills or was it your ability to be flexible, understand many and execute a number of actions? Do you think ability is better than the other? + +I'd love to know about your own examples, experiences and you! +Disclaimer: I’m a DCA HODLer bullish on btc. + +This place is an echo chamber of enthusiasts. I get it, I’m one too. But what are the best arguments against Bitcoin? And I mean against the underlying fundamentals, not the chance it may moon or may bust. + +I am looking to challenge my belief in Bitcoin’s future in a healthy way, as we all should. This will either reinforce my commitment to btc or wreck it. Both are ok if valid. + +Any Devil’s Advocates out there? +*This theory throws MOASS discussions aside, I definitely believe it's in the cards but I want to talk about this long term phenomenon. + +I believe there is a large group of motivated consumers because of the sentiment around Gamestop that is comparable to that of Apple and Tesla. I further believe that because of this sentiment sales numbers are going to continually surprise Wallstreet and hold buy pressure from the surprise delta on every quarterly announcement until the estimated sales numbers and earning per share are drastically altered to reflect the current consumer mindset. Even after being updated, the numbers will then become attractive to the passive income, long term hold, lower risk investment strategies. The current numbers show Gamestop is estimated to have negative annual earnings per share (that means for every share that exists the company's sales is losing that much if the losses are divided evenly per share) until 2023. These estimates will continue to be Roshambo'd by the actual numbers every quarter because they do not account for the following. + + 1. It is currently "cool" to have gamestop merch or shop at gamestop. Receipts are receiving up votes, merch is sold out, t-shirts are not only sold-out but being demanded. The crowd is so loyal to gamestop their isn't even a consideration of making their own custom shirts because they want gamestop specific merch. This mentality is not reflected in the current estimates. + + 2. Beyond that is the fact that there is a huge increase in demand for store brand merch. T-shirts with other brands are typically marked up 8% when sold by retail. When they are your own brand you can mark these bad boys up to 50% and achieve the current market price point (heavy breathing). Further, items like the very popular banana cat plushie are an exclusive gamestop/funko collaborative which would garner increased profit margins for gamestop because without gamestop, Funko would not be able to sell the product as effectively (think of this like negotiation leverage). Again, if any of these estimates had textile merch demand as a factor they must have had DFV's 8-ball because I don't think anyone saw this demand coming. + + 3. Even more so, Gamestop is expanding into other markets, as the consumer demands it, and immediately making sales that were not factored into these estimates. For instance, the board game market. We have watched them enter this sphere in the last three weeks, as demanded by the customer base. Guaranteed sales in a market that typically has 100% mark ups (very heavy breathing). That's right, retail typically makes as much money for a board game as it everyone else who designed, created, manufactured and shipped it to the store. That part is wild but regardless of the industry, the companies stock that you hold is now on the receiving end of those profits. Also, recently consumers went face down into the candy aisle at gamestop (awesome). These represent consumable purchases which are great for a company because you can continue to make that purchase in the future (nobody buys a toilet seat every month but it's more likely you would buy a bag of candy again and again and again). + + 4. There is international demand. We have all seen the charts showing that gamestop is being held very heavily is Scandinavia, Australia, Germany, UK etc. In most cases we wouldn't assume that a stock holder represents a customer but in the case of gamestop its not only possible but likely. + + 5. Finally, notice how in 4 points I never once actually talked about their bread and butter? That is actual console and video game sales? Yes that is still very much present. Gamestop's competition are big box stores. There is no store specifically focused on getting out of stock game systems in stock. For Gamestop, this is what they do. For other companies it's just another item in the long list of sold-out items. I trust the rush of brass that just came in understands that for people to purchase their product they need consoles. These newcomers are hyper aware and are there to work, I trust they will be doing everything in their power to receive more stock. 10 months ago I believe they could have been shrugging at the out of stock sign and saying it is what it is but with this new vote of confidence from the consumer I believe they understand that is no longer an option. + +Gamestop has become a desired brand. People would buy their groceries there if they could. Their name now has value that it did not have 10 months ago. This is not calculated into the EPS which is going to continue to drive positive surprise deltas at every quarterly earnings announcement. This is comparable to the Telsa and Apple fanbase and has not been factored into current Wallstreet estimates. + +*not financial advice. Just an ape who likes the stock. Also, thanks to the knights of new for some fine tuning, much appreciated! +Guten Morgen to this global band of Apes! 👋🦍 + +Last week was intense for many Apes, as an immense number of shares were shorted, a great deal of FUD was deflected, and a surge of DRS provided a purple backdrop to it all. This weekend, additional news of Evergrande's default and the possible ties to the massive drops in digital currency seems foreboding. + +Apes, I don't think we've yet seen the worst of it. Yes, there has been quite a lot of short attacks and FUD recently, but until we see full-on 'Scorched Earth'-level of FUD, I don't think we're there. Remember the core of what is important: GameStop is a great company, with great leadership set to revitalize its existing business and pioneer an entirely new marketplace. There are institutions who bet *hard* against GameStop, and have a massive short position that they must close. Their short position is far above the float of GameStop, so every Diamantenhänded Ape who HODLs instead of selling will drive the cost to close their short positions to astronomical levels. + +They will do anything to prevent that from happening. Buckle up, because it's going to get messy. DRS is the best way to ensure that you have complete control of your shares. + +Today is Monday, December 6th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$171.72 / 152,09 €** *(volume: 3998)* +- 🟥 115 minutes in: $171.67 / 152,04 € *(volume: 3841)* +- 🟥 110 minutes in: $171.76 / 152,12 € *(volume: 3743)* +- ⬜ 105 minutes in: $171.85 / 152,20 € *(volume: 3721)* +- ⬜ 100 minutes in: $171.85 / 152,20 € *(volume: 3711)* +- 🟩 95 minutes in: $171.85 / 152,20 € *(volume: 3686)* +- ⬜ 90 minutes in: $171.65 / 152,03 € *(volume: 3600)* +- 🟥 85 minutes in: $171.65 / 152,03 € *(volume: 3569)* +- ⬜ 80 minutes in: $171.76 / 152,12 € *(volume: 3508)* +- 🟩 75 minutes in: $171.76 / 152,12 € *(volume: 3506)* +- ⬜ 70 minutes in: $171.65 / 152,03 € *(volume: 3475)* +- 🟥 65 minutes in: $171.65 / 152,03 € *(volume: 3392)* +- 🟩 60 minutes in: $171.72 / 152,09 € *(volume: 3285)* +- ⬜ 55 minutes in: $170.93 / 151,39 € *(volume: 3016)* +- ⬜ 50 minutes in: $170.93 / 151,39 € *(volume: 3015)* +- 🟩 45 minutes in: $170.93 / 151,39 € *(volume: 2840)* +- 🟥 40 minutes in: $170.85 / 151,31 € *(volume: 2831)* +- 🟥 35 minutes in: $171.30 / 151,71 € *(volume: 2581)* +- 🟥 30 minutes in: $171.75 / 152,11 € *(volume: 2238)* +- 🟩 25 minutes in: $172.51 / 152,79 € *(volume: 1905)* +- 🟥 20 minutes in: $172.34 / 152,64 € *(volume: 1680)* +- 🟥 15 minutes in: $172.75 / 153,00 € *(volume: 1389)* +- 🟩 10 minutes in: $174.02 / 154,12 € *(volume: 979)* +- 🟥 5 minutes in: $173.26 / 153,45 € *(volume: 299)* +- 🟩 0 minutes in: $173.29 / 153,48 € *(volume: 168)* +- 🟥 US close price: $172.39 / 152,68 € *($172.00 / 152,33 € 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 1.1291. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Tag to this global band of Apes! 👋🦍 + +Apes, I expect that the next several weeks are going to be quite the rodeo for GME. The Institutional Shorts were in a perilous position in late January, and kicked many cans down the road with relatively short options plays - many between now and mid-March. We've seen the indications that they continue to use options and short XRT to put downward pressure on the price, but days like yesterday show that they are having trouble maintaining control. The closer we get to their options expiring, the more difficult of a place they will be in, especially with 100% utilization and so many shares being DRS'd and purchased by other institutions. + +Meanwhile, it is exceedingly clear that the Apes are here to stay - we like this company, regardless of the imminent short squeeze. Our Diamantenhände need no refinement - we proudly hold our shares in our own names, and no mini-squeeze will induce us to sell. Ryan Cohen and Matt Furlong are leading this company in a solid new direction, and will set an example of how physical retail can be enhanced through digital ownership and a marketplace that rewards collectors, creators, and consumers. This is the future of gaming; the future of *retail*. The Shorts didn't see this coming, and now it is far too late for them to get out. + +Today is Wednesday, February 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$126.60 / 111,59 €** *(volume: 1065)* +- 🟥 115 minutes in: $126.50 / 111,50 € *(volume: 965)* +- 🟥 110 minutes in: $126.70 / 111,67 € *(volume: 961)* +- 🟩 105 minutes in: $126.78 / 111,75 € *(volume: 931)* +- 🟩 100 minutes in: $126.75 / 111,72 € *(volume: 931)* +- 🟩 95 minutes in: $126.51 / 111,51 € *(volume: 930)* +- 🟩 90 minutes in: $125.83 / 110,91 € *(volume: 657)* +- 🟥 85 minutes in: $125.33 / 110,47 € *(volume: 452)* +- 🟩 80 minutes in: $125.38 / 110,51 € *(volume: 399)* +- 🟩 75 minutes in: $125.21 / 110,36 € *(volume: 375)* +- 🟩 70 minutes in: $125.16 / 110,33 € *(volume: 345)* +- 🟥 65 minutes in: $125.12 / 110,29 € *(volume: 343)* +- 🟩 60 minutes in: $125.19 / 110,35 € *(volume: 343)* +- ⬜ 55 minutes in: $125.14 / 110,30 € *(volume: 339)* +- ⬜ 50 minutes in: $125.14 / 110,30 € *(volume: 338)* +- 🟥 45 minutes in: $125.14 / 110,30 € *(volume: 298)* +- 🟥 40 minutes in: $125.16 / 110,32 € *(volume: 298)* +- 🟩 35 minutes in: $125.25 / 110,40 € *(volume: 273)* +- 🟥 30 minutes in: $125.22 / 110,38 € *(volume: 272)* +- ⬜ 25 minutes in: $125.25 / 110,40 € *(volume: 272)* +- 🟥 20 minutes in: $125.25 / 110,40 € *(volume: 262)* +- 🟥 15 minutes in: $125.28 / 110,43 € *(volume: 262)* +- 🟩 10 minutes in: $125.31 / 110,45 € *(volume: 113)* +- 🟩 5 minutes in: $125.29 / 110,44 € *(volume: 113)* +- 🟥 0 minutes in: $125.25 / 110,40 € *(volume: 13)* +- 🟩 US close price: $126.16 / 111,20 € *($125.30 / 110,45 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1345. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +http://monetarywatch.com/2016/06/confusions-delusions-illusions-62-americans-less-1000-savings/ + +I know the road to FI requires certain sacrifices, and a whole ton of patience. This article was a great reminder to me of what it is all for. I've read this a few times because it goes into some good detail and for me read more like a horror book than anything else. We all have friends and family that fit right in with the demographics mentioned, so I think this hits home for a lot of us (American or not), especially when we are personally working toward FIRE. + +The part that got me the most was in the retirement section. I can understand not having a ton of cash sitting around in a savings account if you have it distributed across other types of accounts or low-risk holdings, but this was crazy to me: + +> When you realize the typical household between the ages of 35 to 54 has less than $10,000 saved for their retirement, the mass delusion becomes clear. How could Boomers, who have worked for 30 to 40 years, and experienced the greatest bull market in history (1981 – 2001) have only $12,000 of retirement savings as they approach retirement? + +I recently had a family member say to her father (when asked if she had any savings after they bought a brand new car with no down payment), "No we don't have anything saved. It's impossible to save these days. Nobody does that anymore." + +That has been stuck in my head for weeks, because I think many people have that belief. That "saving" is something that baby boomers did and it isn't something done in our culture anymore. Thus the closing statement resonated with me in that respect. + +> “The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives, that they do not even struggle or suffer or develop symptoms as the neurotic does.” They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.” – Aldous Huxley – Brave New World Revisited +Long story short: CommBank decided to close my wife’s CommBank account and ban her from having any CommBank products in the future. This was sudden and out of the blue as she has a pristine financial record and excellent credit score (864). Bank wouldn’t tell the reasons for their decision but my wife suspects this might have been because about a year ago she had partnered up with a lady to register an online shop. The company never actually did any business, and was terminated earlier this year. Apparently that lady’s husband was charged for money laundering case and the lady’s bank accounts have been frozen. Obviously my wife is absolutely clean in this case that’s why we try to involve AFCA to ask CommBank to reverse their decision. Today we received a reply from CommBank. They said their decision is firm but are offering us $1000 as a compensation. We still have an option to continue to find resolution through AFCA. Do you guys think it’s worth trying? Can AFCA somehow make CommBank reverse this decision? What are the odds? + +Thanks for any tips. +A big part of this is Bitcoin rallying, but also a lot of other cryptocurrencies are up 50-150% this week. Ethereum, the second largest, is up 61%. Stellar notably has jumped up 164%. + +The rally appears to have been prompted by regulatory guidance allowing banks to transact in stablecoins, as the biggest winners have been blockchains that participate in that space. + +https://www.coindesk.com/cryptocurrency-market-value-record-1-trillion +http://coingecko.com/ +I keep seeing people not understand this, so I am making a thread about it. + +**What is VGRO/XGRO?** + +These are mixed stock and bond funds meant to lower the volatility of your investment. These ETFs have 80% of the their value in an index fund filled with the entire market and 20% of their value in fixed income bonds. + +**What does that mean?** + +That means that 80% of the value of this investment will grow in the stock market overtime, but because 20% of the fund is hedged with almost guaranteed to payout bonds. + +This makes it a safer investment than a 100% stock fund because you will have the peaks and valleys muted, allowing you not to worry as much about when you are taking money out. + +**Why would I want this?** + +If you are preparing for retirement, you want to start moving over your more volatile assets to more flat investments. This will allow you to more easily know how much you can take out to live on without the risk that a market crash will put you into poverty. + +The 80/20 split is based on an updated version of something known as the 4% rule for retirement. This was a rule about retirement made in the 70s that said if your portfolio is 50% stock and 50% bonds, you can safely take out 4% of your portfolio every year and have it stay stable indefinitely. + +More modern versions of this rule had to take into account the fact that bond prices are only half what they were in the 1970s, so they changed it to 80% stock and 20% bonds. + +**What should I buy instead?** + +This is up to you. However, if you expect to remain in the market a long time and want to save up for retirement at a relatively low risk, buy XEQT or VEQT. These are 100% equity global index funds. It is essentially the VGRO/XGRO without the bonds and only stock. This will give you the full returns of the market without it being hedged by bonds. + +Historically, index funds grow at an averaged compounding rate of (when you take into account both great years and crashes) 8% a year. This means that if you put 10k in XEQT at the age of 25 and just leave it there until you are 65 and ready to retire, that 10k will be 250k by the end. This also shows the extreme importance on starting to invest early. An extra 5 year in the market can easily make you 1 million over a lifetime if you save aggressively. + +**When should I buy VGRO/XGRO?** + +You should start switching over when you are starting to consider retiring in the next ~10 years. This will protect the wealth you generated while still allowing you to gain enough to solidly beat inflation. + +**In conclusion** + +If you are young and have 40+ years left to invest, do not buy fixed income hedged funds. Relying on these over the course of your life will literally make you miss out on potentially several hundred thousand dollars. If you want to be safe, put your money in a global index like XEQT or VEQT. These will compound at much better rates than anything in a fixed income. + +Feel free to ask questions below, but keep in mind I am not a financial professional. I am just trying to prevent people from costing themselves millions of dollars of potential retirement savings because they didn't look inside what they were investing in. +Let me tell you a real story. Years ago I was at a business trip in Russia. I went to a local grocery store and I was in a line waiting to pay my beers or whatever I was planning to buy. In the line front of me there was a lady. She was buying bag of potatoes and something and she was holding the line. She was holding the line because she was paying with pennies (kopeks). Those of you fellow apes who know rubles you know that pennies of them do not hold a much of a value. So there she was with a quite much of them and the cashier was building piles to be able to count the needed amount. She was a beggar. + +In that moment when I realized the situation, I should have just step up, differentiate from the crowd, and just pay those groceries. But I didn't. I just stand there trying not to look annoyed or anything, because it was such a humiliating situation for her anyways. I am not rich. I was born in a single parent home, with alcoholic father. But in that context and at that moment I was a millionaire. + +I have been thinking this for a LONG time. At least ten years now. And I will take it with me to my end. I can't help her anymore, but I will help others once the universe will give me a change. This is what I promise. + +I shared this with you because I am sure that once we moon, the transfer of wealth like that has ever happened before, will make this world a little better place. We know how it feels to be a poor. And we do care others around us. + +I'm ready. +Last week, someone asked what percentage of retired households have at least $1,000,000. By the time I found time track down data and build a model, the thread has dropped way off the front page and I thought the rest of you might be interested in the answer. By my calculations, around 27% of households headed by someone 60 or older have a million dollars or more in assets. I took 3 different pieces of data (below) and built a financial model that made some assumptions around the current age of people who became a millionaire when younger. It's not perfect because the millionaire data is individuals and I had to make aging assumptions but it's probably within a percentage or two of the real number. + +I'm surprised by how high the number is, but I guess if 11% of all households are millionaires and older Americans have more money then it makes sense. + +Nearly 11% of households are millionaires, I had to do a weighted average of white, black and Hispanic averages. +https://www.washingtonpost.com/news/wonk/wp/2017/10/03/white-families-are-twice-as-likely-to-be-millionaires-as-a-generation-ago/?utm_term=.c3d1123bb7f6 + +Distribution of what age millionaires make their first million. +http://www.businessinsider.com/it-takes-the-typical-self-made-millionaire-at-least-32-years-to-get-rich-2015-3 + +Distribution of people by age: +https://www.statista.com/statistics/241488/population-of-the-us-by-sex-and-age/#0 +I understand the bad earnings report and lowered guidance, but the stock was already ~50% off of 2021 highs. To me, a 29% drop overnight is a completely emotional overreaction. Netflix is still a powerful brand, with large resources, and a dominant player in streaming/content creation. + +Anyone else think this is a bargain for a long term hold? +I was once in the same position you find yourself in. Now is the time to show off those diamond hands. One day, this dip will look like a mere blip when we’re reaching the ATHs we dreamed of. Don’t worry, this rocket has a long way to go - we just need to rest and refuel for a bit. Plenty of whales would like to shake you out and buy your bags at a discount, so don’t let weak hands get the best of you. Drink some water, get some rest, and welcome to the fuckin’ show. This is the roller coaster known as cryptocurrency. +Hello all! + +Some of you asked for an update on the situation in my previous post which you can find here: [https://www.reddit.com/r/UKPersonalFinance/comments/khynh5/well\_thenwhat\_happens\_now/](https://www.reddit.com/r/UKPersonalFinance/comments/khynh5/well_thenwhat_happens_now/) + +January has been a rather long an arduous month! It would seem that no conveyancer in England has ever dealt with this scenario! One of the main responses we've been getting is "we don't really know, normally people sort things out before the Notice to Complete expires". + +So from what I can gather, being in breach of contract doesn't necessarily immediately rescind your contract. The party that breached contract ended up having to send £15,000 to the top of the chain through each conveyancer. Where this £15,000 figure came from, I have no idea. I suppose its based on 10% of the house with the lowest sale value which would be ours at £157,500. Why the party in breach didn't pay the additional £750, I don't really know. Our conveyancer simple said "that's what we exchanged on". Top of the chain gets to keep this £15,000 apparently. + +We were told that the top of the chain had the right to rescind the contract. If they did this it would release us all of our contractual obligations to each other but we would have to pay 10% of the sale price of our respective purchases to our sellers minus what had already gone up the chain from the party in breach (in our case, the house we're buying is £215,000 so we'd have to pay £6500 minus the £750 from our buyer so £5,750 in total). + +We all had to get litigation solicitors for this which obviously isn't cheap so the general gist was that we would have to top up to the 10% plus whatever legal fees the parties above choose to claim back. The idea is that we all essentially sue each other for losses until it gets to the party in breach. We'd all have to pay up front and then claim it back. This would be a pretty big issue for us especially being a young family (early 30's) with a 4 year old, we're not flush with cash but we aren't poor either. + +To try and rebuild the chain and avoid this situation our buyer put her house back on the market to seek a new buyer. We also got a lot of pressure to put ours back on as our house is the cheapest in the chain and was seen as the most saleable. We were told we were legally allowed to put our house back up so we did. Had 5 viewings in a pretty short amount of time but thankfully our original buyer managed to secure someone! Hurray! + +There was some talk about having to pay the 10% anyway in order to rescind the original contract and then set up the new contract in a way were no one would pay a deposit on their purchase. + +We went to see our litigators on Wednesday to get our IDs etc certified so that they could open a file for our case. About an hour after seeing them we received an email with a letter from our sellers litigators stating that the top of the chain have agreed to forfeit their right to 10% of the sale prices of the chain on the condition that we complete before the 12th of February. If we do not complete by the 12th then we go back to having to pay out again. + +So here we are. Chain rebuilt, new contracts signed and as far as we know everyone is ready to complete on the 12th. Hopefully contracts are exchanged on Monday and we can all get on with it and get moved. Its been quite the saga for us. We're pretty sure there is still going to be some need for litigation as the parties above us will be seeking to claim back legal fees, movers fees etc, etc. I guess they'll have to claim those through the chain even though the chain won't technically exist anymore after moving but hey ho, the legal system is weird! + +It seems absolutely mad to me that the party at the top of the chain can hold so much power over everyone! We're lucky they're reasonable people who were probably just as confused as us as to what to do. It also seems crazy to me how much we had to rely on second hand information. We've before very friendly with our sellers and our buyer and have been keeping each other up to date as much as possible. Had we not got their number straight after all this happened we would've been in the dark about a lot of it. + +Sorry this is a super long post! A lot has happened! + +Thanks in advance for your comments. I hope this has been an interesting case study! + +TLDR; was going to have to pay a ton of money to rescind contracts but it seems litigators aren't so bad and we're moving anyway on the 12th...hopefully! :\] + +Edit: Thanks everyone for your comments! :] + +Edit 2: we're in! All went swimmingly today! Our estate agent was even nice enough to reduce their fee significantly because of everything we'd been through. They didn't have too but it was a very nice and appreciated gesture. + +Thanks everyone for you comments and kind words! :] +Guten Morgen to this global band of Apes! 👋🦍 + +This week is shaping up to be more exciting than I had anticipated! While I'm still expecting some *staggering* levels of RRP over the next few days, the big news of the week is obviously the NFT Creator registration and the implications of that move. While GameStop has been relatively quiet about what this means for the future of the company, I think there is a lot of merit to many of the theories that I have been reading. If there is one thing that I know about Apes based on the past year, it is that they are a very motivated and creative bunch, and I cannot wait to see what all of you wonderful Creators come up with. + +Of course, with any such good news for GameStop, the institutional shorts feel a strong need to manipulate the price downward to make it seem like bad news to anyone who views the market as a trustworthy source of information. Apes learned long ago that there is nothing further from the truth - the markets are completely rigged by those very institutions. We *know* the price is wrong, but we also know that their short positions must be closed, and that the more shares that we buy and DRS during these dips, the harder the MOASS will hit them when we lock the float. + +Today is Wednesday, December 29th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$149.00 / 131,50 €** *(volume: 332)* +- ⬜ 115 minutes in: $149.00 / 131,50 € *(volume: 323)* +- ⬜ 110 minutes in: $149.00 / 131,50 € *(volume: 323)* +- ⬜ 105 minutes in: $149.00 / 131,50 € *(volume: 310)* +- ⬜ 100 minutes in: $149.00 / 131,50 € *(volume: 299)* +- ⬜ 95 minutes in: $149.00 / 131,50 € *(volume: 271)* +- ⬜ 90 minutes in: $149.00 / 131,50 € *(volume: 269)* +- ⬜ 85 minutes in: $149.00 / 131,50 € *(volume: 256)* +- ⬜ 80 minutes in: $149.00 / 131,50 € *(volume: 256)* +- ⬜ 75 minutes in: $149.00 / 131,50 € *(volume: 255)* +- ⬜ 70 minutes in: $149.00 / 131,50 € *(volume: 244)* +- 🟩 65 minutes in: $149.00 / 131,50 € *(volume: 227)* +- ⬜ 60 minutes in: $148.49 / 131,05 € *(volume: 113)* +- 🟩 55 minutes in: $148.49 / 131,05 € *(volume: 111)* +- 🟩 50 minutes in: $148.35 / 130,93 € *(volume: 101)* +- 🟩 45 minutes in: $148.24 / 130,82 € *(volume: 100)* +- 🟩 40 minutes in: $148.21 / 130,80 € *(volume: 98)* +- 🟥 35 minutes in: $148.20 / 130,79 € *(volume: 94)* +- ⬜ 30 minutes in: $148.24 / 130,82 € *(volume: 94)* +- ⬜ 25 minutes in: $148.24 / 130,82 € *(volume: 94)* +- ⬜ 20 minutes in: $148.24 / 130,82 € *(volume: 86)* +- ⬜ 15 minutes in: $148.24 / 130,82 € *(volume: 86)* +- ⬜ 10 minutes in: $148.24 / 130,82 € *(volume: 62)* +- 🟩 5 minutes in: $148.24 / 130,82 € *(volume: 47)* +- 🟩 0 minutes in: $148.21 / 130,80 € *(volume: 37)* +- 🟥 US close price: $146.46 / 129,26 € *($148.74 / 131,27 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1331. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I'm looking at a rental property that just hit the market in my area. Listed at 1.2 million, with 4 units. Total income for the units has been historically 92k a year. + + +* Unit 1 - 1900 +* Unit 2 - 1650 (I believe this unit is either available currently or is becoming available soon and would probably be the unit we'd move into if we lived here since it is the largest unit) +* Unit 3 - 1941 (this is an airbnb unit requiring more work and if we did a lease on this unit it would be MUCH lower since it's only like 500sqft) +* Unit 4 - 2100 + +Historic utilities+maintenance+taxes have been 14250/yr. + + +Mortgage cost after downpayment = 4900-5300 depending on interest rate. We were preapproved at one rate but believe we could get lower. + + +So I'm trying to figure out if this is a good deal. This would be a first home purchase for my fiancé and I and since we're in a HCOL area I thought maybe it makes more sense to maintain our lifestyle (currently living in a small apartment) but use our high incomes to get a rental that could potentially become cashflow positive if we ever moved out. Assuming we lived in either unit 3 or unit 2 we'd be spending money to live there, BUT since we can comfortably afford to put up to about 4500 a month in the mortgage we could theoretically pay of the home in as little as 11-12 years and then have 1.2million in assets at that time. + + +In my eyes it seems like it could be a good investment, we'd have to live frugally but could pay it off completely soon enough and then in the future move out and rent the units for profit. Opinions/advice? +Hi Friends, + +What is your strategy with deciding to purchase more homes, or paying off mortgages for homes you already own. I would love to hear from ya'll and how you have done both and/or one of of the strategies above. + +I'm also diversifying (Betterment saving and investing), and from what i'm reading you get better returns putting money towards the market long term, than the money you save on avoided interest paying off mortgages. However, if these are investment homes i believe paying off the mortgage can be a good thing unlike paying off your primary residence mortgage. + +Hope i make sense in what i'm asking. + +Thanks! +Miami rents have skyrocketed over the past year in Brickell and Midtown where a lot of young professionals have moved to due to remote work. Average 1 bed rents in these areas are $3k or higher, which is comparable to SF or LA and maybe lower end Manhattan/Brooklyn. I’m still seeing a lot of 1/2 condos can be bought for $400k-$600k range in these areas. Depending on the building monthly rentals are allowed as well. + +Has anyone bought a rental property in Miami recently? Big HOA is probably the biggest downsides to these from what I can tell so far, and the quality of specific condo management seems to vary a lot. +I've been working for a start-up company for the last 4 years. I was offered a share incentive plan to offset the risk in working for a start-up. I was honestly very confused about how the plan worked but it seems to have worked out for me when the company eventually went to IPO at the end of last year. I've been allocated a decent amount of shares. Due to COVID however the shares have lost significant value (about half what they were initially worth). + +Now its tax time and my taxable income has the initial share offering included and my tax bill is through the roof. The entire value of the shares, if I sold them, would be going to pay the tax. + +I'm at a complete loss on what to do? Am I just screwed on this? +I couldn’t find the news here and also don’t know if it is allowed to name the torch ticker. I have no position in it. You are also not able to buy anymore. + +The company is going privat. That is not a speculation, they have announced it. Brokers are allowing only to close positions. They announced that all short positions need to be closed up to the 12/08/2022. + +Why is it GME related? +1) We can observe how brokers and DTCC is handling the closing of all positions. +2) Congratulations to anyone who has positions in the ticker. They might want to invest gains of their liquidated positions somewhere else? +3) It will hurt the short sellers and could activate margin calls. There are some diamond hands holding this ticker for 1 year. +How has been your experience with it? + +Edit: Thank you for answering. Just to clarify, my question isn't limited to the Smallcase company. You can also write about smallcase products offered by Zerodha, HDFC Securities etc. I should've clarified that before. Apologies for that. +[https://edition.cnn.com/2019/06/03/business/musk-tesla-pickup-price/index.html](https://edition.cnn.com/2019/06/03/business/musk-tesla-pickup-price/index.html) + + +>Tesla's soon-to-be-unveiled pickup truck will have a starting price of less than $50,000, it will be a better truck than a Ford F-150 and it will outperform a Porsche 911, according to CEO Elon Musk + +&#x200B; + +>That price would undercut the trucks that [electric truck maker Rivian](http://www.cnn.com/2019/04/24/investing/ford-rivian/index.html) plans to offer next year. The starting price of those trucks is expected to be just under $70,000. Ford is investing $500 million in Rivian and [Amazon led a group of investors](http://www.cnn.com/2019/02/15/business/rivian-amazon/index.html) putting $700 million into the Michigan-based company. + +&#x200B; + +>"This will be a better truck than an F-150 in terms of truck-like functionality," Musk said, "and be a better sports car than a standard 911. That's the aspiration." +As a new investor (22) whos trying to build out a portfolio is it smart to max out a TFSA with just dividends? There are a lot of stocks im looking at now such as: HR.UN, SRU.UN, REI,UN that im thinking of getting in on through my TFSA and let it sit there for years. I like the idea of passive income with decent growth, and use DRIP to reinvest in those stocks. With that being said I also want to invest in short term growth stocks that may be volatile, and risky to use through a TFSA since I could potentially lose contribution room. As someone who is just starting out is it smart to use TFSA for dividends and really long term plays, and maybe a non registered account for short term growth stocks? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hello...again... + +Original Post: [Held financially hostage (18f) by my brother...](https://www.reddit.com/r/povertyfinance/comments/u4w40u/held_financially_hostage_for_life_18f_by_my/) + +Sadly my brother has found my post history. This account will go quieter. I'm not only being surveillanced, but he also knows about me having changed all banking information about me and planning to move away. And all else from the above post... + +&#x200B; + +I need your help since he's urging me about some things... I mean, he's done quite a lot for me, he's taken over 2500 dollars of debt of mine and paid them off. He's picked me up when I was far away from home (100 miles)... and I can pay him out in case he wants that back. But he's pressuring me about him who would always let me live with him in case something happens to me and that I'm ungrateful for not offering him the same. + +&#x200B; + +He's currently threatening me about reddit knowing about our circumstances not fully or correctly, he's claiming this is all bogus and I should not listen to you all for advice, as you did not go through the life and obstacles he went through (him starting with 12k of debt into his work life) + +&#x200B; + +Now he's threatening to commence nefarious stuff in his words, or at the very least, as soon as our mother is dead, sit on my doorstep and break in, to have a place to stay at... The issue is, our mom is sick and I kno she won't have too long on this earth, if all continues to boil up even more .... + +&#x200B; + +So I might just end up in college, or later on in life with a dude set out to track me down for whatever nefarious purpose. + +He's claiming that him ending up in prison or alike is my responsibility then... + +&#x200B; + +Oh man... I'm kinda scared. I have about some savings in my bank account right now to keep me afloat, and no active income. I dunno if I should move away immediately and just rent a room with airbnb or something... + +&#x200B; + +Anyone got any advice? Am I in a dangerous situation? I'm torn. I know this is all emotional manipulation by him but I have no responses. I am permanently manipulated, permanently insecure and I can't defend myself. +A large portion of you today were crying game over, spreading panic, fear mongering, and displaying other forms of ridiculous behavior in response to a 25% fall in the price of Bitcoin today. + +/r/bitcoin is a fairly large part of the Bitcoin community. People are watching us, some of the media is watching us. Maybe some of you should consider maturing up a bit. + +It's been said before and I will reiterate it: Don't invest more than you are willing to lose! Tattoo these words on your body! That way you can enjoy the ride rather than have panic attacks about losing your life savings and contemplating suicide. + +The price of Bitcoin is still hovering around $550-600 USD as of this post. Have you forgotten that just a few short months ago it was at $200? It's still incredibly valuable. + +If you're not invested in Bitcoin for it's potential as a currency and you don't understand the possibility that you could lose money, then do yourself and this community a favor: sell out and leave. +I'm of the mind that when I pull the trigger and retire from full-time work, I will inevitably pick up a hobby project that will end up producing money, even if its just a few thousand a year. There are higher profile examples of this happening in our little community (MMM, Mad Fientist, Beatthebush, etc.) Has anyone here had this experience here who isn't a blogger/youtuber/etc? + +I'm not necessarily looking to hear from people who retired, got bored, and went right back to full-time employment. Moreso, people who left full-time work, started a side project, and made some kind of money from it. + +The reason I feel this is relevant to this sub is that almost everyone here has a very specific number in mind for retirement. It seems like it might not be worth it to burn another year or more in the working world to reach that number only to find that you are earning extra income in retirement anyway. +Sales at Chipotle are falling off a cliff. + +In a filing with the SEC on Wednesday, the fast food chain disclosed that for the month of December same-store sales — or sales at locations open for at least a year — were down 30%. + +This decline in sales follows an outbreak of E. coli tied to the restaurant chain as well as reports of a norovirus outbreak at a location near Boston College in Massachusetts. +http://www.businessinsider.com/chipotle-fourth-quarter-guidance-2016-1 +I've managed to deposit 50$ and make a profit of 525$ on my expert option account ([http://expertoption.com](http://expertoption.com)). First I tried to withdraw my initial deposit of 50$ which is processed instantly. Now I am trying to withdraw the rest of the funds (only profit) for more than 5 days and it seems that my requests keep getting canceled in a sketchy way, they show up as new requests but never processes. Tried to enter in contact with EO support but they just tell me to wait with scripted responses, even tho the process time of 2 days have already passed a long time ago. + +So my question is: Can you even withdraw profit from expert option? +Breaking major news from US Treasury OCC, the largest US banking regulator, with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system. + +[https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html](https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html) +I've been at my employer for 15 years, and have been contributing to the 401k plan they for the past 13. + +My employer does not contribute to this 401k at all. + +Theyve recently made some changes to the rules of it that I'm not happy with, and I thought I would be nice to take this money and roll it into a private retirement plan, where I might have a bit more say the rules that affect my investment. + +My question is, is something like this possible? +Edit: When did you make the shift? + +Edit 2: I mean being FAT, as in having money vs spending it (Living FAT). + +Hello all, + +I am not sure what happened but I have decided I need to live a little. Maybe it was all the posts of people saying life is short, or the confidence folks have in their plan, but I have just been building for so long I haven't stopped to enjoy the fruits of my labor. Thanks to everyone here for helping me in the journey. + +&#x200B; + +7.7M 85/15 Equities/Bonds + +1.2M House (Paid off) + +500-600k /yr in W2 + +Going to get the cars I want, vs the practical ones. Jeep Rubicon 392 and Audi RSQ8. I have always kept saying "later" and holding off. While I am not ready to retire, I am going to enjoy the last few years of working. + +&#x200B; + +Thanks all! +Those who bought the actual crypto, like bitcoin or etherium, and not the miners: what's your sell point? + +&#x200B; + +I got in about a month ago, at near all-time high for bitcoin, with a few hundreds on both BTC and ETH. I'm loosing a few bucks on BTC - whatever - and I'm quite up on ETH. Problem is, I'm somewhat out of the loop for both. + +&#x200B; + +My question is, at what price point do you plan on unloading your crypto? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello, +I ended my tenancy 25 days ago for a flat in Cambridge and I have still not got my deposit back. I have been emailing back and fourth with the letting agency and they keep giving me things they want to charge me for through the deposit. + +A time line of events: + + +- I left the flat on the 16th after filming it and sending it to the letting agents. They commented saying it looked clean but they were waiting to inspect the property to get a full idea of the condition. At this point they had refused to do a walkthrough of the flat whilst I was still there. + + +- on the 17th/18th they had a third party company do an inspection of the flat which they sent over the 68 page report. Some highlights include: + + leaves...outside on the pavement and drive. + +A key... For the window on the window sill + +If you move the sofa there was a metal tab off a can. + +If you look between the drum of the washing machine there were some debris + +If you open the fridge and peel apart the rubber seal you will find a few specks of dirt. + +This list goes on. + +- a few days later they tell me they want to bill me for the garden. A full clean down of the flat. Removal of the bins. Changing the lightbulb in the porch (which I swear was working when I left) and taking away items in the flat (they were refering to a kitchen bin which I left under the stairs for the next Tennant's as the flat did not have one. I emailed them before doing this.) + + + - last week I emailed them saying I was happy to pay 200 pound in total. 8hrs of a cleaners time at 20 pound an hour and then another 2hrs of a gardeners/ handyman time at twenty quid an hour. I thought this was a rather generous offer but since the deposit is 1750 I wanted at least most of it back fairly quickly. + + +I just wanted some advice. My current mindset is to call them today and tell them I'm not happy with paying any more than 200 pound. Then see what they give me back. If they have taken out more than the 200 just file for small claims court and sort out the difference through there (I believe the smaller the amount the smaller the filing fee is). + +Just to note. On there email footer they say they are part of the tenancy deposit scheme yet my deposit was never put into one and it says on the tds website that a deposit should be returned within ten days. + +Thank you for reading this. + +Edit: Wowzers you guys are quick, I forgot how much I love this community! Step one seems to be to confirm that the deposit was in a scheme or not and then go from there. + +Edit 2: thank you for everyone's comments. So it turns out the deposit is in the tds scheme and they want 400 quid out of the deposit (300 of which for cleaning the flat). It sounds like they want to charge me for the covid cleaning they do between tenants (not that they have said as such, it's just the impression I get). I will dispute this charge through the tds scheme and submit evidence since it costs me nothing. +I’ve been a long time T owner and it’s really had a hard time holding above $30 for a year plus now. Consolidated around $28 though there was a serious new year dip. Suddenly in April it pushed past $30. Explanation was weak. Something about HBO, which seemed a little lame considering other stay at home plays like Netflix tapered off and Disney competition. But then it blew past $31 and $32. It’s very apparent that many insiders knew about the merger and were trading on it. + +I don’t know how Martha Stewart was ever busted. Someone must have really hated her because by and large, insider trading goes unpunished. +>It’s been a dismal week for Cathie Wood’s flagship fund, Ark Innovation, that’s left nearly all of her holdings in bear market. +> +>Wood’s main exchange-traded fund, which trades under ticker ARKK, fell 12.6% this week, for its worst week since February. Ark Innovation dropped 5.5% on Friday. + +She also said "her strategies are set to quadruple over the next five years, after their underperformance this year." + +Do you buy into that? Or you taking Anti Ark path? +What are your thoughts about owning franchise businesses in India as passive income source. +Eg- drinks kiosk in malls. Or kids activity center. +Let staff run it and you just oversee the operations may be 2-3 hours a day. Do you think its feasible or does it require more time from the owner. TiA! +I was reading the discussion on [link](https://www.reddit.com/r/IndiaInvestments/comments/v7fx3m/_/) about wealth management and most of the commenters suggested index funds. + +Is it really a good idea to invest all your equity investment appetite to index funds if I am not really good at or don't have the time to research stocks? + +I have other bluechip SIPs but now I am having an increased income and deciding between high investments to index funds. +I was reading an article : [After Six Missed Calls on Phone, Mumbai Businessman Loses Rs 1.86 Crore in SIM Card Fraud](https://www.india.com/business/mumbai-based-businessman-loses-rs-1-86-crore-after-six-missed-calls-3506608/) . This article says that this guy's SIM was cloned and crores of money was siphoned off his business account in a matter of hours. He also says that he never shared his phone number linked to his bank account with anyone. + +* What steps should be taken to prevent SIM card fraud? + +* What steps should be taken to protect our money once our SIM card has already been cloned? +What are your thoughts about owning franchise businesses in India as passive income source. +Eg- drinks kiosk in malls. Or kids activity center. +Let staff run it and you just oversee the operations may be 2-3 hours a day. Do you think its feasible or does it require more time from the owner. TiA! +The stock price has fallen from 25k to mid-17ks now in the past 3months. Shouldn't it benefit from the falling oil prices as their adhesive products mainly depend upon oil and they are the only producer of the N95 mask? +I looked for the dynamics of Japanese nominal GDP. It was $4,9 trillion in 1994, and now it's 4,8$ trillion, not speaking about 6,2$ trillion in 2012. Though, throughout the last 25 years the trend seems linear and horizontal, because it fluctuates a lot. This year it grew by 600 billion and after that it fell by 700. How Japanese and everyone kinda okay with that and doesn't pay much attention? I mean their economy is smaller than it was more than 20 years ago and they don't seem accomplishing much in tackling that. + +Don't the Japanese react? Change policy? Elect other party and government? Social protests? Though it's only nominal GDP, and PPP grows, I guess it's really a sign that not only indicates current situation but also shows that there's going to be something worse in the long term, if they don't solve it. + + +...or maybe Japan has reached it's slowly growing potential GDP and just fluctuates around it? +The motivation for this question is regarding cryptocurrency. It’s been just over 12 years since Bitcoin and blockchain was first introduced to the world, and no doubt it’s a clever solution, yet it hasn’t been adopted by the real world with the exception of speculative investing. + +Similar arguments are made about hyperloop transportation. +It makes me wonder if it ever will progress beyond empty promises and if there has been anything similar in the past. +I'd like to think that I should be able to buy products from anywhere without my purchases being influenced by nationalism, but I do care about the longevity and wealth of my home country that I was born and raised in. What are the pros/cons of buying products from American companies? +Have a question that I am sure has a reasonable answer but has become more topical to me with housing price growth in Canada over the pandemic. + +What does it mean conceptually that asset prices (see stocks, houses etc.) can grow at a faster rate (call this 7%) versus the rate of nominal GDP (call it 3-4%). Does this mean that the multiple or "how expensive" assets are as a percentage of the total economy is increasing, thus people are becoming worse off? Or is this as a result of structural differences? One thought I had could be that the degree to which the spending is levered would be much higher in assets than that of the broader economy, thus causing a leverage benefit in returns. Any thoughts here would be much appreciated. +Do trade statistics account for US companies' overseas subsidiaries' profit margins? For instance, when Apple China ships a phone to the US, does Apple US pay Apple China? If so, does that influence the US trade deficit because the product is being shipped from outside the US? + +In other words, do trade statistics account for nationality of the profit margin of goods and services being provided? +A long while ago I was really into UBI, then I realised that it would cost something on the order of $3-4 trillion and stopped been into UBI. + +Recently I've more seriously considered a negative income tax (NIT) which holds a lot of pros of UBI, ending poverty giving recipiants the freedom to choose how to spend it, ect. + +So how much would it costs, lets say a minimum of $13,000 per household (+ $6000 for every person in a household above the first one) +[Roughly enough to eliminate poverty](https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-thresholds.html) with a 33% phaseout rate. + +Are there any good estimates for how much such a program would cost? Could we afford it by scrapping current welfare? +In 2017, the Dow Jones Industrial Average surpassed 23000 points for the first time ever. While on the daily there are ups and downs in the market, if it's looked at from month to month or year to year, there are reliably steady increases in the stock market. It continues to creep up and up. + +Sure, there are recessions and depressions, but these seem to be extreme market correction periods that are comparatively short term situations versus the longer term, general upward trend that's seen in the market. + +Im seeking the answers to these questions: + +1. Why does the market reliably climb at a mostly steady rate? + +2. Why does the market not go through cycles of mild recession that match the mild yet steady climb? Why are periods of recession (or depression) so severe? + +3. Will the market just keep climbing higher and higher? Will we ever reach a point where the market stops climbing and investing in the stock market stops being a good way to grow money? +[Many countries bonds have negative yield](https://tradingeconomics.com/bonds). Why would anyone buy them when there are plenty decent positive yielding ones? +This was the statement given by finance minister of India recently. The statement was used as a meme and by trollers on the internet for some time. + +Regarding international economics and currencies market, how much does this statement actually make sense ? +My friend introduced me to FIRE and MMM back in 2013. He tragically passed away a couple days ago unexpectedly at a very young age. He was an all-star even by FI standards (worked in tech, has a side gig, very high SR, etc), but more importantly, he was an amazing person and a great friend. I will miss our regular conversations. We would always talk about the future. + +This is just a reminder that we should all take a step back and realize that life is short. This does not mean we should not save aggressively and invest, it just means we should look at the bigger picture. We don't know how long the journey will last. +⭐️ 1700+ holders and a market cap of only $3.8MM + +💯 RUG PROOF. AUDIT COMPLETED. LIQUIDITY LOCKED. OWNERSHIP RENOUNCED. LISTED ON CG W/ CMC PENDING. 🎉 + +MASSIVE LAUNCH + +🚀 Made it to #1 Trending on Dextools +🚀 TG Chat 7000+ Members +🚀 Twitter 9000+ Followers +🚀 Financial Backing To Bring This Project To The TOP 10 Coin Level on Coin Market Cap +🚀 Shout Outs By MULTIPLE Influencers With More Than 2 MILLION FOLLOWERS +🚀 Transparency of The Core Team’s Wallets, Commitments & Plans for This Project Shared Publicly With TG Members. + +⭐️ TINKU will not stop until it holds the number one spot on CoinMarketCap. Join us on our journey to the top of the charts. 📈🥇 + +⭐️ GET IN NOW. BUCKLE UP. ENJOY THE RIDE! 🚀🌕 + +📌 Website: http://www.tinkucoin.com + +📌 BUY $TINKU: https://app.uniswap.org/#/swap?theme=light&use=v2&slippage=4.00&inputCurrency=ETH&outputCurrency=0x47FA4B26c1c52Bc35654F98D10Cd61b9f3E10267 + +📌 Twitter: https://twitter.com/TinkuCoin +📌 Telegram: https://t.me/joinchat/Pgs5IHkp6ZExMmU0 +📌 Reddit: https://www.reddit.com/r/TINKUarmy/ +📌 Chart: https://www.dextools.io/app/uniswap/pair-explorer/0xce449c2b578250d7d90d09304c7be33fee5e5f8e +📌 Audit: https://solidity.finance/audits/TINKU/ +📌 Etherscan: https://etherscan.io/token/0x47FA4B26c1c52Bc35654F98D10Cd61b9f3E10267 +Guten Tag to this global band of Apes! 👋🦍 + +Apes, this week has solidified my confidence that we are headed directly into market conditions that bring on the MOASS, and also that this group of Apes has the Diamantenhände that will ensure it is an event that changes the world. Many of us entered into this investment as a way to make some quick money, or at least what we thought would be quick money. FOMO and emotions drove many of our investment choices, with elation quickly replaced by anger when they disabled the Buy button and shorted away the momentum of the Sneeze. Many of us lingered and continued to 'buy the dip', all the while developing a better understanding of the forces we were up against and the tactics they were using against us. + +They weren't able to shake our sense that something was still amiss, and during those months Ryan Cohen and the GameStop leadership team began to inspire us with a better vision for the future. They expertly utilized a share sale to ensure the future of the company, and set a long-term course toward a much stronger future. This company is led by true believers in the mission, and is supported by shareholders who believe in that vision as well as the people who are tasked with implementing it. We support them by compensating them with the very same things that have united us - ownership of this great company. + +As the markets continue to adjust to cheap money drying up, let's be thankful that GameStop leadership had the foresight to build the warchest they'd need to weather these times. Many companies are going to have difficulty as borrowing money becomes more difficult. We can expect a long series of articles about hedge funds shuttering and companies going bust, but I couldn't be more secure in how I've invested my funds. + +Today is Friday, June 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$125.81 / 120,97 €** *(volume: 1132)* +- 🟩 115 minutes in: $125.81 / 120,97 € *(volume: 1127)* +- 🟩 110 minutes in: $125.76 / 120,92 € *(volume: 1124)* +- 🟥 105 minutes in: $125.21 / 120,39 € *(volume: 806)* +- 🟥 100 minutes in: $125.22 / 120,41 € *(volume: 806)* +- 🟥 95 minutes in: $125.25 / 120,43 € *(volume: 659)* +- 🟥 90 minutes in: $125.61 / 120,78 € *(volume: 616)* +- 🟩 85 minutes in: $125.75 / 120,91 € *(volume: 591)* +- 🟩 80 minutes in: $125.62 / 120,78 € *(volume: 568)* +- 🟩 75 minutes in: $124.88 / 120,08 € *(volume: 538)* +- 🟥 70 minutes in: $124.84 / 120,03 € *(volume: 538)* +- 🟥 65 minutes in: $125.12 / 120,31 € *(volume: 353)* +- 🟩 60 minutes in: $125.31 / 120,49 € *(volume: 352)* +- 🟥 55 minutes in: $125.29 / 120,47 € *(volume: 350)* +- 🟩 50 minutes in: $125.39 / 120,56 € *(volume: 225)* +- 🟥 45 minutes in: $125.30 / 120,49 € *(volume: 147)* +- 🟩 40 minutes in: $125.32 / 120,50 € *(volume: 147)* +- 🟥 35 minutes in: $125.21 / 120,39 € *(volume: 126)* +- 🟩 30 minutes in: $125.26 / 120,44 € *(volume: 121)* +- 🟥 25 minutes in: $125.10 / 120,29 € *(volume: 120)* +- 🟩 20 minutes in: $125.13 / 120,31 € *(volume: 120)* +- 🟥 15 minutes in: $125.03 / 120,22 € *(volume: 120)* +- 🟥 10 minutes in: $125.08 / 120,27 € *(volume: 120)* +- 🟥 5 minutes in: $125.18 / 120,36 € *(volume: 114)* +- 🟥 0 minutes in: $125.29 / 120,47 € *(volume: 114)* +- 🟥 US close price: $125.73 / 120,89 € *($126.00 / 121,15 € 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 1.04. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +If apples are more than $5 a kilo, we say "nope" to apples for a while. + +If the red capsicums are above $8 a kilo, we say "nope" to red and eat green for a while. + +Unless Nutrigrain is around $1 per 100g, we say "nope". + +What are some of your breaking points for foods or groceries? +Newb to investing here so sorry if this is a dumb question. In the last 12 months I've been putting 50% of my salary into mutual funds every two weeks. My question is now that the market is down and people are saying it could continue to drop until we officially are in a recession, should I pause my investing or keep things going as normal? +https://www.reuters.com/article/us-costco-wholesale-results/costco-beats-estimates-as-high-covid-19-costs-weigh-on-shares-idUSKCN26F3IH + +(Reuters) - Costco Wholesale Corp COST.O recorded high coronavirus-related costs for the second straight quarter, overshadowing its better-than-expected results and sending the company's shares down 3% in extended trading on Thursday. + +The warehouse chain spent about $281 million on employee bonuses and sanitizing its warehouses in the fourth quarter, mirroring a trend of rising costs across U.S. retailers during the health crisis. + +Costco had estimated in May that COVID-19-realted costs would exceed $100 million, but would be lower than the $283 million incurred in the prior quarter. + +“$281 million is over $100 million but quite a bit larger,” Chief Financial Officer Richard Galanti said on an earnings call. + +The company cited the $2-an-hour premium paid to employees as a factor for the jump in costs. The bonus costs Costco $14 million a week. + +“We’ve committed to doing that at least through, I believe, the first eight weeks of this fiscal quarter,” Galanti said. + +Several U.S. retailers, including Kroger Co KR.N and Amazon.com Inc AMZN.O, have come under fire for stopping hazard pay for their workers. + +Higher demand for fresh produce, appliances and gardening and sporting goods helped Costco’s total revenue climb 12.4% to $53.38 billion in the quarter ended Aug. 30, beating the average estimate of $52.08 billion, according to Refinitiv data. + +Traffic at the warehouse chain, where customers typically buy items in bulk at lower prices, also ticked up in the quarter, after declining about 20% in April, as COVID-19 restrictions eased and it brought back food samples. + +Revenue from memberships rose 5.3% to $1.11 billion, while online sales nearly doubled. + +Excluding items, Costco earned $3.04 per share, beating estimates of $2.84. +Due to the coronavirus, a ton of executives are participating in unusual compensation/purchasing activity. So I have begun scraping the SEC website to see which executives are purchasing, selling, or being awarded stock for no known reason except that the stock price is extra low and they may just be buying their stock at a discount (or selling it before it crashes further). Obviously, we don't know how long the coronavirus may keep the market down, but this can help us see which executives believe their stock will rebound nicely and which believe it will continue to decline. + +\*I can't post links or images in this subreddit, but hopefully they at least allow the Form 4 links so you can go look at the activity for yourselves\* + +## 1) RBB Bancorp - $RBB ($14.00) - Purchasing Activity + +SEC FORM 4 FILING LINK -> [https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1499422&type=&dateb=&owner=include&start=0](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1499422&type=&dateb=&owner=include&start=0) + +From Yahoo Finance: + +>RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. + +Taking a look at the Form 4 activity below, we can see a ***ton*** of purchasing activity over the last 10 days with some of the purchases being quite large. + +|Date|Executive Name|Title|Type|Avg Price|Total Purchased|\# of Shares|Total Shares|Share Increase| +|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|2020-03-13|Vincent Liu|EVP|P-Purchase|$15.60|$56160.00|3.6K|71.2K|5%| +|2020-03-12|Yee Phong Thian|CEO|P-Purchase|$14.50|$116000.00|8.0K|443.1K|2%| +|2020-03-11|Chuang I Lin|Director|P-Purchase|$13.87|$41610.00|3.0K|24.5K|14%| +|2020-03-11|Jeffrey Yeh|EVP|P-Purchase|$13.40|$6700.00|0.5K|52.9K|1%| +|2020-03-11|Raymond H Yu|Director|P-Purchase|$13.48|$26960.00|2.0K|255.6K|1%| +|2020-03-10|James Kao|Director|P-Purchase|$15.50|$759500.00|49.0K|401.9K|14%| +|2020-03-10|David Richard Morris|EVP|P-Purchase|$14.00|$7000.00|0.5K|13.3K|4%| +|2020-03-06|Simon Pang|EVP|P-Purchase|$15.85|$15850.00|1.0K|25.8K|4%| +|2020-03-06|Tsu Te Huang|EVP|P-Purchase|$15.87|$47610.00|3.0K|218.3K|1%| +|2020-03-06|Wendell Chen|Director|P-Purchase|$16.07|$16070.00|1.0K|79.2K|1%| +|2020-03-06|Peter M Chang|Director|P-Purchase|$15.98|$159800.00|10.0K|535.7K|2%| + +Taking a look at the individual Form 4s, we can see that they don’t mention that the purchases are for any form of pre-arranged agreement. It looks like the directors and executives are just looking to get some stock on the cheap. + +## 2) Goodrich Petroleum Corp - $GDP ($3.73) - Purchasing Activity + +SEC FORM 4 FILING LINK -> [https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=943861&type=&dateb=&owner=include&start=0](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=943861&type=&dateb=&owner=include&start=0) + +From Yahoo Finance: + +>Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas + +Taking a look at the Form 4 activity, we can see a few purchases made by the executives about 5 or 6 days ago. While only 3 executives made purchases and the amounts purchased aren’t massive, they were made by their 3 highest-ranking executives who almost never make open market purchases. + +|Date|Executive Name|Title|Type|Avg Price|Total Purchased|\# of Shares|Total Shares|Share Increase| +|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|2020-03-13|Walter Goodrich|CEO|P-Purchase|$3.45|$52613|15.3K|518.5K|3%| +|2020-03-12|Robert Turnham|COO|P-Purchase|$4.23|$14805|3.5K|506.8K|1%| +|2020-03-11|Rober Barker|CFO|P-Purchase|$3.64|$1820|0.5K|34.8K|1%| + +Taking a look at the Form 4s gives us no reason for the purchases. It looks like these executives may be looking to pick up some cheap stock. + +## 3) Welbilt, Inc - $WBT ($6.82) - Purchasing Activity + +SEC FORM 4 FILING LINK -> [https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001310250](https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001310250) + +From Yahoo Finance: + +>Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. + +Taking a look at the Form 4s, we can see a few executives made some large purchases a few days ago. While only 3 executives made purchases, they are very substantial purchases and were made by executives that very rarely/never make open market purchases like this. + +|Date|Executive Name|Title|Type|Avg Price|Total Purchased|\# of Shares|Total Shares|Share Increase| +|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|2020-03-11|Jennifer Gudenkauf|EVP|P-Purchase|$8.57|$45010|5.3K|11.1K|89%| +|2020-03-10|William Johnson|CEO|P-Purchase|$9.89|$99800|10.1K|125.5K|9%| +|2020-03-10|Martin Agard|CFO|P-Purchase|$9.86|$197200|20.0K|50.2K|66%| + +Once again, we see that the Form 4 makes no mention of any reason for these stock purchases. + +## 4) Prosperity Bancshares Inc - $PB ($56.61) - Purchasing Activity + +SEC FORM 4 FILING LINK -> [https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1068851&type=&dateb=&owner=include&start=0](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1068851&type=&dateb=&owner=include&start=0) + +From Yahoo Finance: + +>Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers. + +Taking a look at the Form 4s, we can see a bunch of purchases made a few days ago. Taking a deeper look at some of the purchases made, we can see some pretty massive purchases being made by some very high-level directors and executives. + +|Date|Executive Name|Title|Type|Avg Price|Total Purchased|\# of Shares|Total Shares|Share Increase| +|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|2020-03-11|H E Timanus|Chairman|P-Purchase|$51.00|$2550000|50.0K|171.9K|41%| +|2020-03-10|James Bouligny|Director|P-Purchase|$50.00|$200000|4.0K|332.2K|1%| +|2020-03-10|Charlotte Rasche|EVP|P-Purchase|$51.31|$102620|2.0K|33.2K|6%| +|2020-03-10|Asylbek Osmonov|CFO|P-Purchase|$51.24|$15372|0.3K|6.5K|5%| +|2020-03-09|Edward Safady|Vice Chairman|P-Purchase|$50.00|$250000|5.0K|30.6K|20%| +|2020-03-09|Kevin Hanigan|COO|P-Purchase|$51.00|$255000|5.0K|165.8K|3%| + +Digging into the Form 4s, we do see that some of these purchases are part of the executives’ 401K plans. However, these are still large purchases by the executives. +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. +Just heard in the elevator someone showing people units. They said a one bedroom is going for 1200. I'm in a ALCOVE a fancy word for studio for 1424. Anything I can do? I just signed for second year lease back in October. + +Edit what I learned: +- I could ask to transfer my lease to the larger unit +- The larger unit might be cheaper because its on a lower floor or have a weird layout, bad view or next to the trash chute +-It's minneapolis in winter, they may be getting a break because of the weather +- I re signed my lease so I'm probably SOL +-This thread gave me lots of tips on how to negotiate my lease for next year +Good Morning Apes ! + +So what can we expect this week? + +As of Friday internalization and price suppression via puts was still on the menu. While they churn through FTDs and try to maintain a low price point to do it. + +With the threat of massive gamma exposure looming above them this coming Friday it is in their best interest to keep prices low until Jan. 21 expiration. + +[Some DIX pics](https://preview.redd.it/z4mhcp243gc81.png?width=2527&format=png&auto=webp&s=90d810e157ee2cae964a9865bc3d2950f5cb3a84) + +This asymmetric risk will need to find an equilibrium at some point, we don't know how long they can internalize but we know that it's expensive and the more this FTD cycle winds up the more pressure it puts on their margin. + +TLDR: SHF can only internalize DIX for so long. + +But on the technical side it looks like we could drop a bit lower this week. + +[With the trend showing a drop to 104.50 and a gap to fill at 91.81 there is still potential to the downside. ](https://preview.redd.it/kprkoqp94gc81.png?width=1557&format=png&auto=webp&s=affbfcf08c1608f3f5a96249ea37d8c445aebbae) + +Not to mention the massive amount of put OI at 100 + +[While most of this looks like Short Puts for Synthetic Long positions, some of this OI could very well be Long Puts. Giving them incentive to drive the price lower. ](https://preview.redd.it/41pti0rk4gc81.png?width=2006&format=png&auto=webp&s=c132228e52c6bfdd2c2b2c3d13ae11eca69ac6b8) + +So while this can break to the upside at any time the near-term looks a bit bearish, but as soon as that internalization dumbs and the massive put volume is closed out the upside potential could be realized very quickly. So continue to enjoy the dip while it lasts. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +Well we found an intraday floor at 104 before coming back up into the end of the day but still red overall. FTD spike for Dec. 21 is fantastic news as it is higher than even the Sept. spike and now the highest within the last year. Many if not most of these FTDs are in ETFs. Much like November 3rd we can expect these FTDs to create buy pressure. Thank you guys for tuning in and I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/ylyghy8ahic81.png?width=726&format=png&auto=webp&s=970ef78821adafd021ee87a721f27c28873cdc0d + +Edit 4 2:45 + +Breaking up above VWAP going into power hour, hit ssr on that drop stabilized and reversed trend. + +https://preview.redd.it/vtok7w3w2ic81.png?width=1546&format=png&auto=webp&s=e38b464a0b03db17f5bf514957e2b845895854b8 + +Edit 3 12:52 + +Holding that 104.50 mark...tentatively for now a slip below this could mean a drop as low as 91.80 + +https://preview.redd.it/afezfe1pihc81.png?width=1534&format=png&auto=webp&s=f736d788f5bf82e1b9bd3bb5301f8f011ea070d5 + +Edit 2 12:04 + +Still holding onto this 108-110 range. But some preliminary FTD analysis from the current report for GME and GME containing ETFs. + +[Remember Remember the 3rd of November...](https://preview.redd.it/oa8lq566ahc81.png?width=1635&format=png&auto=webp&s=93d00bd5daf5245d0197915a0d37d0e9414d2a34) + +https://preview.redd.it/rt3yefk7ahc81.png?width=1542&format=png&auto=webp&s=a74a2e7e8b5d4b62995bb23aec3ca7b8684f2a5f + +Edit 1 10:13 + +Drop at open with some shares getting returned to ibkr and some borrowed from fidelity. Seems like we are holding to 110 for now. Still have large numbers of puts being opened. + +https://preview.redd.it/noao5w29qgc81.png?width=1551&format=png&auto=webp&s=27278fcfb023210cc404d107017f34141795e3c0 + +# Pre-Market Analysis + +S&P Futures took a beating overnight and we are seeing some of the effects of that this morning in pre-market already. G2SC was up yesterday a little bit and hopefully that is a portent of things to come for GME this week. It may just be the pressure from the market dip keeping us down as we already tested 120 to the upside this morning. + +Volume: 39.6k + +Max Pain: $137 + +Shares to Borrow: + +IBKR - 15,000 @ 1% + +Fidelity - 257,240 @ 0.75% (rate went back down with shares returned over the weekend) + +[GME pre-market 1m](https://preview.redd.it/59nqkc687gc81.png?width=1535&format=png&auto=webp&s=fe0d3bd39f0bdff6f0f41cae5c2331f90b6045ea) + +CV\_VWAP + +https://preview.redd.it/xx3zu7no7gc81.png?width=2455&format=png&auto=webp&s=b2b2aef393148dbd2d412a7751616997d2793757 + +TTM Squeeze + +https://preview.redd.it/godk558v7gc81.png?width=2450&format=png&auto=webp&s=e277bf25f44902c889d0d06167fced2f4f5db1de + +MM FTDs + +https://preview.redd.it/bw9t81m28gc81.png?width=373&format=png&auto=webp&s=d20d5e603666f7b72060cd9d2f2849a3b2290f13 + +ETF FTDs + +There appears to be no short volume reported for 12/2 at least not on my usual so source so I found this but it gives less info + +https://preview.redd.it/8tdmuk8k8gc81.png?width=164&format=png&auto=webp&s=094cb85b8f8673caf7909f1c373135d6a80ab9e1 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +They didn't and can't ban anything. Those associations just issued a document, basically giving their own opinion. This FUD news is misleading and translated incorrectly. + +&#x200B; + +Read (or translate) #2 there: [https://mp.weixin.qq.com/s/Zpl0MWesUp2E8R23fNJf\_g](https://mp.weixin.qq.com/s/Zpl0MWesUp2E8R23fNJf_g) + +&#x200B; + +Don't fall for this trap. Funny how people panic sell BTC when this yearly China FUD pops up. Funny how BTC also pumps after this FUD. +With about a 5 minute phone call to the financial institution that manages my 401k, I was able to cash it all out WITH NO PENALTY!!! + +The usual restrictions and penalties for cashing out a 401k early have been temporarily lifted due to COVID. + +I got 100% of the value of my 401k in icky fiat dollars and bought bitcoin with the full amount. + +Obviously, I have to pay normal taxes on the 401k withdrawal, but I didn't have the stupid penalties that typically exist when you try to get YOUR OWN money from a government-regulated retirement account. + +So, I got rid of my increasingly decreasing fiat-based 401k and turned it into a new type of retirement account - a "401₿" + +Now I can do whatever I want with that money whenever I want to do it. Thanks for the loophole, Uncle Sam! +I wonder what platform people use for their algo trading +(Basically back testing, data collecting, and live trading) + +I am a programmer, so coding is not a problem. +I tried to implement all system on my own (have a database server to collect and store tick data, implement back testing infra using my database, and live trading) +However, it seems like too much of a work + +I have also used quantconnect. It's good, but backtesting is too slow. I think the reason is basically that backtesting works same as live trading by fetching data sequentially, filter it, and trade. +However, I think I can improve speed a looot becase I know what kinds of strategy i would use and apply these assumptions to the system + +From ur experience, what do you think is the best infrastructure for algo trading? + +Stick to framework such as Quantconnect? +Or implement own infra? If so, what are good packages or libraries that I can use? + +Fyi, i am targetting both cryptocurrencies and stocks ( and also options?). +I have seen a few people saying on this sub that Rentec does nothing special, they don't use advanced maths, they don't even use ML techniques. But, looking at one of the researchers working there, + +[https://www.linkedin.com/in/michael-r-douglas-b845b1126/](https://www.linkedin.com/in/michael-r-douglas-b845b1126/) + +&#x200B; + +Who has listed that he is responsible for "development of statistical approaches to making predictions from string theory". Just makes me wonder, what type of advanced mathematics they use... + +Several times in various forums, when I do mention they may have some use something from advanced maths such as Information Geometry, I get told that it is definitely not the case and how uninformed I am. I do know that a creation of a successful strategy doesn't require more than high school math - but, that is not the real problem, the issue is how do you manage the billions that they do, and I am sure that they use concepts from mathematics that only a few of us are even aware of and even fewer who can understand it. + +Just occurred to me when I was browsing LinkedIn, and wanted to post my thought here. +I have zero knowledge whatsoever when it comes to money and investments, however due to the recent event of my great uncle passing away, he left my siblings and I hundreds of thousands of dollars in inheritance money. Like the title asks, where do I start? +(P.S. I'm 16 and going to be a junior in high school, will be speaking to a financial adviser for the next coming years) +Hi folks, +Been running weekly iron flies or condors on SLV and it is quite easy to make money on it. SLV (and silver in general) is heavily manipulated and is basically dead. I typically sell the put credit whenever it touches around 13.6-13.7 and then I sell the 14.5/15 when it climbs above. It typically follows gold but it’s a bit more volatile. While it experiences heavy intraweek volatility, it typically doesnt make crazy moves to the upside or downside. I have hedged against a crazy upside move with Jan 2021 call debits as well as september call debits. The floor for SLV is around 13.5 so if it ever touches that, 13.5/13 put credits are a very safe play. +Edit: thank you for the silver, kind stranger! Quite meta indeed. +It's going to go into VGRO or VEQT or a combination of the two, haven't decided yet. Would you guys just dump it all to maximize time in the market or maybe do like 12,500 every two to three weeks to average out the current market volatility? +Old job was toxic. I hated my life. Every day I would go home worried about something. Started going super frugal to max out my investment accounts. Lived a diminished life (hate to say it but I didn't date much.) Did this for 5 years. + +Went back to school, and couldn't get a job. Had to work in a restaurant for 9 months. + +So roughly 3 months ago I got a new job. Complete turn around. My experience has given me added perspective. + +Job yes is boring, pays "only" 50k a year, etc. But I feel I'm already pretty close to maxing on my hobbies. Like, if I had 200&#37; more free time I wouldn't know what to do with it. Weekend is enough for me (especially compared to random Tuesdays I had off at the restaraunt.) Actually, weekend I say is underutilized. Not really doing much except reddit. + +This is tough for me because I've invested so much in the FIRE community. Not only just reading r/fi and blogs, but I've gone to meetups, lived my life for super frugality, etc. + +What do you think? +I have a wife and 2yo child; I'm mainly concerned about providing for them as best I can as my condition worsens. + +* Joint income of ~150k, 100k of this is mine. I'm in IT so hope to be able to work for a while. +* Only debt is 140k left on a 180k mortgage +* My 401k has about 65k. Current contribution is 9%. My wife has a few other retirement accounts totaling ~60k +* I do have a pension +* I pay $1750/year into an HSA. Current balance is about 7k +* 529 plan for my kid - have been contributing $200/mo since birth +* I am enrolled in long term disability coverage, which will provide 60% pay if I become unable to work. +* All our "extra" cash is in our savings/checking (bad, I know) + +I know I have the basics covered, but I'm looking for anything that might help me plan better. Should I contribute more to the HSA and/or 401k? Obviously our medical bills will be substantial for years; how can I plan for that? We'd been thinking about building a house but those plans are on hold. Should I be putting our extra cash into an index fund like VTSAX? Should I tell my employer about my diagnosis or wait as long as possible? +I keep getting these emails, but they won't specify what it is. You probably have to pay money to find out what they're referring to. It looks like a scam, because if they were really on to something they wouldn't be offering public knowledge to the world. But hey, you never know. +I'll start by giving an overview of my situation, but basically I'm out of money and don't know how I'll pay the rent in less than 10 days. + +So following a divorce, I was left with some big debt, and I am now supporting someone else financially which has prevented me from paying said debt. + +I have a job with a pay of about 1500$ every 2 weeks, but I was overpaid for 2 months and they decided to take back the money I owed by not paying me this week. Now, any person will tell me that I should've put that money into a savings account. Well I did, until we had some curveballs thrown at us and had no choice but to use it. + +The person I am with just started a new job, but it is commissioned based and they get a minimum of 300$ a week. They are not yet at the point where they make a significant amount of commission. + +I already have an appointment with my bank for debt consolidation on March 1st, and will be attempting to convert all the debt I have into one loan I can pay off. It would bring my monthly payments down from 1k to 600$. I couldn't do this before, because I was a temp worker, but I just started a job with a permanent position. + +Not getting paid this week was the curveball I was not expecting to come so soon and definitely puts me in an awful situation. That money was supposed to pay for the rent, utilities and food for the next 2 weeks. Now I'm just hoping we have enough food to last until Friday when my partner gets paid. + +I can't borrow money from anyone I know, but I was thinking I could maybe get a 1.5k loan from those quick loan places and then pay it back in less than 2 weeks with the money from debt consolidation. + +So basically, what can and should I do to survive the next few weeks? + +Update: I just talked to my boss and they definitely should not be taking my pay like this, it is more likely that it is because of the transfer of paperwork that I didn't get paid. I should qualify for an emergency salary advance, and will be able to pay rent. + +Thank you for the support and advice, I was really freaking out this morning, but my work was also really supportive in telling me that it will be okay and that I will get paid. + +Update 2: I know I have to pay back the money I owe, I have tried to, but haven't been able to yet. Also, I will be getting paid, there are measures for situations like the one I am in, I now know that. The reason I didn't get paid is an error in the system where they blocked my pay from the department I left before I got my last paycheck. I will most likely get the money that is owed in 2 weeks. Again, thank you everyone! + +Final update: Thank you again for those who gave me advice, I did and will be taking most of it. + +For those who preferred to tell me I was just making bad choices, well you don't know me, and maybe try not to kick people while they are down in the future. +A month ago, I noticed a 3k Paypal charge that had just hit my checking account that morning. I called the bank to report this as fraudulent. It was still in a pending status at the time. I went to the branch later that day to close that account. (Seems like the charge was done from stolen account number/routing info.) They stated they couldn't stop the pending charge, and the account would close once the charge was complete. I had them provide me a print out of the account activity over the previous year before leaving. + +Upon reading through my statement, I noticed very small dollar charges that had happened through Paypal 4 months earlier. I decided these were minor and was not going to report. + +After a week went by with no information, I stopped into the Bank to get more information. I was still waiting on forms to sign in the mail. They decided they'd just print out the forms at the branch and just let me sign there. Upon doing so, I mentioned that I had seen a few charges from a few months earlier, that I was not interested in claiming. Instantly the banker urged me to claim them. The banker stated why not get all my money back. After him pushing me to do so, I added those small amounts to my claim. I signed the forms and left the bank. + +A week later I was sent a form stating that the bank decided they were not going to reimburse me for the 3k, because the charge happened over 60 days after the initial dollar charges were discovered on my account. They claim this rule was stated to me on the phone when I first called. (I still refute this). Also, a Bank Representative encouraged me to claim those older funds a mere week later, after not including them in my initial claim. (Shady much?) A week after receiving that letter, I was credited with the amount stolen back to my account. I had shortly there after received a letter stating that the bank had made a mistake when processing a check at the ATM and they are crediting my account for the difference. (the missing $3k) + +So now I have the money, even though they already sent me something stating they would not be able to reimburse me. Also the forms stating their mistakes, were not tied to any claim number, so I thought it was the banks way to reimburse me the money outside the claim. (foolishly thought someone existed there with a good heart??) + +Fast forward 2 weeks, and boom the money is removed from my account. I check my mail, and I received a letter that day posted a week earlier, stating again my charge fell outside the 60 day period so they denied the claim and would reclaim the refund. + +So now I'm pissed and I look into my other options. How could the Bank claim they told me the rule, yet also actively encourage me to claim the older smaller charges, that I had stated I was not interested in claiming. So I decide to call Paypal.... + +.... and I find out that the 3k Charge was stopped and actually **never completed**. Paypal never transferred the money from my account to the thief!!! Yet the money was still successfully withdrawn from my account!! + +So the thief doesn't have my money, Paypal doesn't have my money, or do I. The only party left is the **bank**!! + +My case is currently in appeal, and I have yet to drop that newly discovered bombshell on them.(Waiting on a phone call from their executive claims department). + +Do you think I have a good chance to get my money back? How can the bank legally keep my money that actually never should have left my account!? + + +**Edit 1** - The charge had not happened on my PayPal account. Someone stole my bank information and used it on their PayPal account. Sorry I was unclear in my original post. + +**Edit 2** - Another thing I wanted to clear up from my original post.. For all those saying why not report those smaller charges immediately!.. I did once I saw them! I just was hesitant too, because at the time I was just focused on getting the larger amount back. I didn't discover them until they printed out my yearly statements and I was able to comb through them. (I no longer could online due to account closure.) So I'm sorry to disappoint everyone who is yelling at me for sitting on them for 3 months. Bc that was not in the chain of events! Otherwise, I appreciate the solid advice I am getting here, and hope to have an update soon! + +- +- +**TLDR**: Noticed $3k Fraudlent Pending charge. Notified Bank. Closed Account due to account info stolen. Transferred available funds to new account. Bank claims wont reimburse me due to small $1 fraudulent charges more than 60 days prior to new charge(that I didn't see until after the $3k charge and reported within 24 hours). I end up calling Paypal, and they said the big $3k charge was stopped(not my Paypal account, but thiefs). Money was still withdrawn from bank account though. Bank has my unstolen money instead of me... +At the time of writing this post Bitcoin is hovering around $49,300 with an available supply of 18,630,325, giving it a market cap of $919 billion. + +Once Bitcoin hits $53,677 (only about a 9% increase from here) Bitcoin will officially reach a market cap of 1T. + +Obligatory 🚀🚀🚀 +Hello WSB, + +For the last week, I've spent some time on $GME and $AMC. I have some first impressions, which I thought I'd share. I should point out that my views are limited by the amount of time I've spent on the companies, which is about 15 hours for AMC and 5 hours for GME. I generally recommend at least 100, and more preferably, 500 hours of research on a stock before initiating a position. + +The TLDR is that both stocks are approximately fairly valued. Most stocks (90% IMO) are fairly valued by the market. The market is quite efficient. If you find yourself unearthing great opportunities every time you look at a stock, you're doing it wrong. Very cheap (or very expensive) stocks only appear rarely, and those opportunities don't last long. In hindsight, it is easy to say "well TSLA was really undervalued for a while." Sure. But the risk-adjusted investment thesis wasn't obvious at that time. + +To me, AMC is funny because neither the bulls, nor the bears are exactly right. The bears are missing the obvious: this was a fairly profitable company with an actually decent business model that will return to its former self. Sure, the financials right now are really ugly, but they have weathered the worst of it and have been able to refinance their very expensive paper. With the "apes" in town, AMC should have literally no problem accessing cheaper money. So the stock isn't going to 2: sorry, shorts. I will be sharing models & notes at some point soon. + +The bulls also have it wrong, though. The value of the company is limited by the somewhat small and competitive space of box office. US Box office is only so big and AMC's share can only be so big before our favorite useless US government agency squawks about monopoly. So admission revenue can only ever really be 3-4B. Admissions margins aren't that bad, nor is the food & beverage that comes with. The base business is fairly easy to value, and as I mentioned, near-sighted bears forget this simple fact. $800m in EBITDA in 2018 is fairly juicy if we can return to that. I think we will. But, Aron does not strike me as an incredible CEO who can transform or extend the business. The Hycroft deal, in my eyes, is embarrassing and will not result in value creation. The other expansion plans are more reasonable but still risky. If you think Aron can pull off multiple expansions into adjacencies flawlessly, you will be rewarded. If you model a normal probability of success & risk in those efforts, you get fair value. There is no free lunch here. + +The other thing that bears miss is short sellers are not some value creation tool. While some short-term hijinks may very well exist, they do not really impact price. Why not? Price discovery includes long sellers, which dwarf short sellers. Put the bullshit of "synthetic shares" and other non-existent creations out of your mind. Is this a stock you want to buy because you are getting it for less than the price a normal buyer (say Warren Buffet, KKR, etc.) would pay for company in an auction? That's all that matters. To me, the answer to this question, is that if an auction to buy AMC were held today, buyers would pay the approximate market price. + +Rough price target: $11 based on 7% discount rate as revenues return to 5B, growing to \~$7B towards the end of the decade. I'm assuming the company returns to prior peak EBITDA. It's possible there is slight upside to this and I will provide updates soon, but I don't see $20 or anything as even possible unless Aron pulls off several tricky execution milestones. + +This is Shkreli. You already. +So, recently my wife and I have been considering purchasing a vacation/investment home overseas. She really loves Italy so I started looking around and found that property is much more affordable than I expected. + +I started searching around on Airbnb and airdna. There are lots of properties available and airdna shows most having about a 48% occupancy in some of the smaller areas. + +Running the numbers, it looks like the property would more than cover expenses and still make a small profit. For a vacation home, I am fine with not making a typical return. + +I have been doing some research on the taxes ( their annual version IMU seems to be considerably less than a comparable home in the USA) and insurance which come at a lower cost than here in the USA. + +I have found that their historic homes get regulated by their Fine Arts regulations which can be time consuming and limiting in the event you want to do some renovations or changes. + +Does anyone have any experience with home ownership in Italy? + +What are some of the more popular places that would be the best opportunity for a short term rental? We have been looking in the Puglia region as well as some of the adjacent regions. + +Looking for any input from someone who has some experience in this region. + +Thanks guys! +I’ve been looking at a couple of 2nd tier US cities and working with investor only agents, and the deals they send me just aren’t that good. It seems like prices are to high these days to buy cash flowing properties in all of the country. Has this been your experience? +I'm very new to real estate investing and have come across the availability of fractional ownership of a suite at a fairly popular ski resort. At face value, it looks like I could make a good return if I treat it solely as a rental property. However from much of my research online, they say that a fractional situation will rarely ever work as a meaningful investment. Does anyone here have experience using fractional real estate as a way to invest your money and make a decent return? + +Thanks for your replies! +I’d like to buy a 3-4 unit(FHA) on a decently sized plot of land, where I can build additional units within 1-2 years. + +I have the option to buy right now and start getting rental income, OR I could wait until prices fall(and interest rates increase). + +I’m thinking that waiting might be a good idea but then again I’d probably be waiting a while and missing out on a lot of rental income. I don’t know though. + +I’m in MA btw if that helps at all + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +[Link to Part 2 of this guide.](https://www.reddit.com/r/financialindependence/comments/oaiw3h/part_2_of_my_guide_to_hedgefundies_portfolio_for/) + +I'm 28 years old. I'm fully invested in a portfolio created by [Hedgefundie over at Bogleheads.](https://www.bogleheads.org/forum/viewtopic.php?f=10&t=272007) I have my entire net worth of $600k invested into it. I'm investing $100k a year into it at $8,333 per month. + +It is a super aggressive portfolio consisting of two 3x leveraged funds: 55% UPRO and 45% TMF. It is a 165% equities portfolio and 135% 20+ year long-term US treasuries portfolio that are both mild leverage on their own, but when combined, produces explosive results: + +[1987 - Current 165% VFINX 135% VUSTX UPRO TMF Simulated](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF+Simulated&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=165&symbol2=VUSTX&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) + +> UPRO/TMF Simulated $600,000 -> $1,354,019,830 +-65.25% drawdown +> Vanguard 500 Index Investor $600,000 -> $62,417,951 +-50.97% drawdown + +You want to rebalance this portfolio quarterly on the first trading day of January, April, July, and October. + +Today I wanted to write an in depth guide to exploring this portfolio in full and why I'm aggressively all-in invested in this portfolio for Fat Fire. I've been getting a lot of questions about this portfolio so I thought I'd put together all my thoughts and insights on it! + +Let's jump right in to leverage! + +# People Misunderstand Leveraged Investing Strategies + +Let's visit someone who blew up an account - [Market Timer over at Bogleheads.](https://www.bogleheads.org/forum/viewtopic.php?t=5934) + +Market Timer was following a popular Yale paper at the time - Mortgage your Retirement and the later book [Lifecycle Investing.](https://smile.amazon.com/Lifecycle-Investing-Audacious-Performance-Retirement/dp/B005X4I7ZI) The premise of Lifecycle investing is you start off with an aggressive 200% equities allocation while you're young. Essentially instead of saving $10,000 per year, if you invest with 2x leverage it's like you're saving $20,000 a year. You're borrowing time from the future and smoothing out sequence of risk returns. If the market tanks 50% in one year, an young investor can withstand a $5,000 50% loss. An older investor near retirement with $2 million can't withstand a $1 million loss. + +Eventually with Lifecycle Investing you'll reach a point where you start to de-risk your leverage ratio essentially borrowing a "constant" portfolio of your expected retirement each year. Then as you get closer to retirement you glidepath into an 80/20 or 75/25 bond allocation. On average the Lifecycle Strategy historically gets you to retirement 10 years faster at a 15-25% savings rate than traditional retirement would in 100% stocks. + +The key thing Market Timer missed is the paper calls for **monthly reset** of the 2x leverage. If you monthly reset SPY [you would not have been margin called in 2008.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=200&symbol2=CASHX&allocation2_1=-100) + + +It's incredibly hard to do monthly reset of leverage intuitively, but it is critical to do so if you're following this paper. It is literally buying more stocks when the price of stocks is high, and selling your stocks to pay down your margin loan when stocks crash. It is a brainfuck strategy. + +Let's say you have $100k you want to put at 2x leverage. That means you're buying an additional $100k of stocks on margin. So you now have a $200k position with a $100k margin loan backing it. If you sell this position you're left with $100k, your equity. So your leverage ratio is $200k position / $100k equity = 2x leverage. + +Now, what happens if stocks double from here? What is your new leverage? + +Your position is now $400k, you still have $100k of a margin loan, and your equity is $300k. Your leverage is now $400k/$300k = 1.33x leverage ratio. You now absolutely have to buy more stocks at the top of the market to maintain your desired 2x leverage ratio. + +Ok, now let's do the other case, what if stocks drop 25% instead? (50% will result in a margin call). What is your new leverage if stocks drop 25%? + +Your $200k position is now $150k, you still have a $100k margin loan, and your equity is $50k. Your leverage ratio greatly increased! It's now $150k position / $50k equity = 3x. You better sell down some shares with the market being in the bottom as now you're way more risky than 2x leverage. Further percentage losses will be even worse. + +On Reg-T your maintenance margin is 25% equity. You're currently at 33% equity - 50k equity/150k position. TD Ameritrade's house maintenance margin is 30%. **You're 3% away from getting a margin call to wire in funds or sell down your position.** IBKR is getting ready to auto liquidate you at their maintenance margin! + +So as you can see a trading strategy on margin you literally buy high and sell low. It's very hard for people to do in practice. + +# Enter Leveraged ETFs + +Since managing leverage yourself is a brainfuck calculation, instead it's better to invest with a leveraged fund like 2x for SSO, or 3x - UPRO. This is why UPRO and SSO daily reset their leverage! It's providing you the most safety and the most return! + +In my code with quantconnect daily reset = monthly reset. There is no additional volatility decay from daily reset. You're going to have the same volatility decay even if you manage monthly reset of leverage on your own. + +UPRO/TMF has a 0.75% management fee and with $2.2 billion of AUM they're getting **institutional** borrow rates. IBKR marks up their margin interest rates by 75 basis points. In my code on quantconnect.com UPRO and TMF are identical to SPY and TLT on portfolio margin after adjusting for actual margin interest paid. Unfortunately portfolio visualizer's CASHX variable does no margin markup so SPY and TLT look misleading compared to UPRO and TMF. + +You're getting an excellent deal for the leverage UPRO and SSO provide. You can run these funds in a cash account, in retirement accounts, and so on. I'm running Hedgefundie's portfolio in all my accounts - taxable, Roth IRA, pre-tax solo 401k (rolling 100% over to the roth ira in the 22% marginal bracket), and a HSA account. + +# People Misunderstand Leveraged ETFs + +[Volatility decay is a myth.](http://www.ddnum.com/articles/leveragedETFs.php) This article explains it a lot better than I can. You can buy and hold leveraged ETFs for long term! + +I just showed you how leverage works. The market is a lot more trending/momentum based over a period of 10-20 trading days. You're not going to see a daily gain of 10% followed by a loss of 10% each and every day. Yes the Leverage ETF prospectuses is scary with math of the VIX being 75+ for an **entire year** of having substantial losses but they're writing it as if **every day** in the market followed the same gain 10% and lose 10%. In COVID the VIX spiked to 85 then quickly normalized to 25. + +# UPRO/TMF Back Tests +[2010 - Current 55% UPRO 45% TMF](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=UPRO&allocation1_1=55&symbol2=TMF&allocation2_1=45) + +>UPRO/TMF $600,000 -> $25,702,291 +> -48.00% drawdown +>Vanguard 500 Index Investor $600,000 -> $5,934,122 +> need to manually calculate drawdown for covid + +[2003 - Current 165% SPY 135% TLT UPRO TMF Simulated](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF+Simulated&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=165&symbol2=TLT&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) + +> UPRO/TMF Simulated $600,000 -> $84,744,383 +> -65.00% drawdown +> Vanguard 500 Index Investor $600,000 -> $11,586,140 +> -50.97% drawdown + +[1987 - Current 165% VFINX 135% VUSTX UPRO TMF Simulated](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF+Simulated&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=165&symbol2=VUSTX&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) + +> UPRO/TMF Simulated $600,000 -> $1,354,019,830 +-65.00% drawdown +> Vanguard 500 Index Investor $600,000 -> $62,417,951 +-50.97% drawdown + + +This last back test is why I'm 100% invested in this portfolio. I could *possibly* achieve $1.3 billion dollars nominally. I have a chance to hit that figure at age 62 if history repeats itself. + +Yes its $555 million inflation adjusted to 1987 dollars, and that $62m of the S&P 500 is $25m in 1987 dollars. And yes, past performance is no predictor of future returns. + +CASHX is modeling actual interest rates. It's the 1-month Treasury Bills from 1972+. No 0.75% markup though which IBKR and UPRO/TMF have. + +# Why does Hedgefundie's Portfolio make so much money? + +It's due to several factors. Currently the [efficient frontier](https://en.wikipedia.org/wiki/Efficient_frontier) of these two asset classes is 55% stocks and 45% bonds. The unlevered portfolio has about a 8% return and a 15% drawdown during 2008. The 2x leveraged portfolio has a 16% return and 30% drawdown, and 3x roughly 24% return for a 60% drawdown risk. + +100% stocks has 50% drawdown risk, which was my previous portfolio. I'm comfortable with 10% more drawdown risk. + +Second, because we are adding leverage, we are still maintaining the [tangency portfolio but getting more return for the same amount of risk vs 100% stocks.](https://i1.wp.com/earlyretirementnow.com/wp-content/uploads/2020/12/Beat-the-market-Chart03.png?resize=863%2C627&ssl=1) Credit goes to Early Retirement Now for this graph. With the 3x leverage we're going past 100% stocks and our risk is 27% standard deviation along that same tangency line. + +Many people try to get more return by mixing in riskier assets like Venture Capital, international funds, and so on. Instead Hedgefundie's Portfolio is Modern Portfolio Theory taken to the extreme. + +We are getting more return from having a large insurance component being heavily weighted to bonds. They saved the portfolio a lot in 2008 and in 2020 during Covid. Another quite surprising fact is we are actually profitable on this insurance too. + +Finally, Hedgefundie's portfolio deploys a well oiled correlation trading strategy that produces a crap ton of extra yield via quarterly rebalancing vs annual or monthly rebalancing. The rebalancing period is correlated to when earnings reports are minimal in the stock market. Essentially each quarter you're making a 55/45 bet on the market having great earnings or disappointing earnings. + +# How correlation trading strategies work + +Let's say we have two assets that are **perfectly inverse correlated.** Let's say asset A has a 50/50 chance of either doubling or losing 50%, and asset B likewise has the opposite chance? Can you think of any trading strategy to take advantage of these facts? + +Let's say we have $100k to invest with. One strategy is to throw 50% on A and 50% on B - $50k each. After some point in time let's say A doubles to $100k. B will halve to $25k. Now our portfolio is valued at $125k - a 25% gain! So now we rebalance both to $75k A and B. + +Now, what happens if we add leverage to this trade? + +So instead of taking $100k to invest with, we borrow an additional $100k with our equity. We now have $100k on A and $100k on B. After one year we have $200k on A, and $50k on B. We have a $250k position and owe $100k. Subtract $100k and our equity is $150k. + +Since our equity is $150k we now have a 50% gain. The 2x leverage doubled our return. + +Bringing this back to Hedgefundie's portfolio it's a well oiled correlation trading strategy machine with a ton of leverage. Now you see why that 55/45 bet every quarter is paying off! It doesn't matter if earnings are bad or good, **we still profit.** We do expect more good earnings it being the stock market and growth, so that's why we're weighting our bets a bit for the optimal growth. ;) + +# 40+ year bond bull market - aren't you worried about rising interest rates? + +No, I am not. Most the return comes from the 165% equities, with TMF acting in the nick of time for crash insurance. [If we plot out simulated UPRO and TMF you see simulated TMF doubles then draws down 50% all the freaking time.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=Simulated+100%25+UPRO&portfolioName2=Simulated+100%25+TMF&symbol1=SPY&allocation1_1=300&symbol2=TLT&allocation2_2=300&symbol3=CASHX&allocation3_1=-200&allocation3_2=-200) We see UPRO trending. Again, we are seeing the correlation trading strategy I just discussed about in action! + + +Then for rising interest rates, bond funds operate differently than an individual bond does! That is because bond funds have [convexity](https://www.investopedia.com/terms/c/convexity.asp). TLT happens to sell the 20 year bond to buy the 30 year bond at auction! So if interest rates raise slowly, say no more than 0.25% - 0.50% per quarter, then soon you'll start profiting with the higher interest rate! + +Then there are many strategies that you actually want to go LONG on 20+ year treasuries in a rising interest rate environment, such as the [Barbell Strategy.](https://en.wikipedia.org/wiki/Barbell_strategy) + +> In finance, a barbell strategy is formed when a trader invests in long- and short-duration bonds, but does not invest in intermediate-duration bonds. This strategy is useful when interest rates are rising; as the short term maturities are rolled over they receive a higher interest rate, raising the value + +Right now TMF is mooning as thanks to the Feds statements there are less inflation fear in the 20+ year treasury market. So now yields are dropping which causes bonds to rise. The yield curve is flattening as bond investors are trying to get the risk free rate regardless of the duration of the bonds due to the positive outlook. + +If TMF keeps it up it will be the first time I'll have to sell TMF to buy some UPRO! I got really tired of having to buy TMF all throughout Covid. I'm sitting on some nice gains having to buy TMF at $22! It's about time to back up the truck a bit on more UPRO shares! + +Many people in the Hegdefundie Bogleheads thread also simulated random 1-6% randomly rising interest rates using a monte carlo situation and the portfolio holds just fine under those conditions. + +If you look closely at the backtests the last ten years have been the highest gains vs earlier on in 1987. We're investing in these bonds not for their income but for their capital gains. A 30 year bond dropping from 10% to 9% is not going to produce much capital gains. A 30 year bond dropping from 2% to 1% is going to have tremendous capital gains. + +Again the purpose of these bonds are stock-market crash insurance. Most of our return is coming from the 165% equities position. The future predicted low interest rate environment is very favorable for the bond component of this portfolio. Again, this portfolio makes great use of a correlation trading strategy so we **want** interest rates to raise and fall and have it be **inversely correlated** with the stock market! We want to keep those low interest rates! Let's keep that money printing machine going! + +# Why I'm not worried about another 1970-1980 stagflation era + +This is the worst drawdown period for Hedgefundie's portfolio. It has a 75% drawdown over this decade. I completely discount this era due to one critical reason: [US Treasuries were CALLABLE until 1985!](https://www.sapling.com/7796395/treasury-bonds-callable) No one in the right mind would be running a leveraged treasury portfolio in 1970! + +Callable bonds are bonds that can be called at face value at any time! Let's say the treasury issued bonds at 12% in one year then the next year rates dropped to 6%. The treasury's call feature let them stop interest payments and they were called at face value. + +So you have large NAV losses when interest rates rise, and you don't get any upside when interest rates drop! + +Now, just because historically these treasuries had a call feature doesn't mean that the US treasury exercised it. So I went to my local library and viewed old WSJ articles from the 70s on microfiche. Sure enough there are huge lists of US treasuries that got called every single month in these articles! It would not make any logical sense to run a leveraged bond portfolio in this era! + +This entire portfolio is a play that US treasuries are no longer callable and I would stop trading this portfolio if they ever become callable again in the future. It's also a play on the current Fed policy remaining the same - doing quantitative easing and dropping interest rates in future stock market crashes just like they did for 2008 and Covid! + +# TMF is a Yield-Curve Play on Long Term 20+Year US Treasuries + +Right now the 20+ year US treasury is trading at 1.5%. TMF is borrowing on total-return swaps with the overnight rate effectively 0%, with 80% of the fund being TLT itself. You're getting 1.5% * 3x leverage = 4.5% of interest on TMF before lending expenses. After TMF's 0.75% management fee it's a 3.75% APR return. If you're 55%/45% then this portfolio is getting 1.68% APR in a low-volatility sideways market. Since TMF is borrowing on total-return swaps the dividend gets paid into the fund and the NAV grows! + +Again, yes TMF is taking a 0.75% management fee, and doing the same trade with IBKR on portfolio margin you're paying a 0.75% markup on the overnight rate if you want to buy TLT directly. + +Again, we are using TMF for protection and insurance, but it's nice to have something that's profitable vs buying puts, calls on the VIX, going long on VIX futures or VIX ETFs. I'm very happy to keep holding TMF throughout post covid. + +# Taxable account performance + +With my code using www.quantconnect.com and calculating all the PnL on the quarterly trades, then computing actual LTCG and STCG taxes on these trades, the federal tax drag is 1.5% for an account at my current level for the historical last 10 years. For a $10+ million account it's 2.0%. Living in California adds another 1.0% state tax drag. So if you're getting 24% CAGR in a tax-advantage account you're getting a 22% CAGR in taxable for federal tax drag (21% in California). + +In my original simulations when I started this portfolio I paid $300k in federal taxes for 10 years with UPRO/TMF, and I paid $600k in taxes over 10 years with SPY and TLT on portfolio margin. Buying 2x dividends really sucks. + +UPRO and TMF are excellent tax dodges as the vast majority of their return is total-return swaps with the banks. So instead of realizing dividends, the swap pays those dividends into the fund as part of the total return index and the NAV of the fund grows! So when you sell UPRO and TMF you realize your dividends then! + +It turns out if your hold period is less than 30 years with a 2% federal tax drag, you're best in a Roth IRA, followed by Taxable, followed by pre-tax 401k. After 30 years the order is: Roth IRA, Pre-Tax 401k, Taxable. It turns out paying 40% in ordinary income taxes in the pre-tax case is worse before 30 years, but after 30 years it has a higher after-tax value thanks to dodging the tax drag. + +UPRO and TMF holds about 80% unrealized gains across my simulations, and mostly throw off LTCG gains when major re-balances happen too. You'll want to use specific identification to sell shares that have the lowest possible tax cost. + +# Tax Loss Harvesting + +Tax loss harvest pairs: +UPRO -> SPXL +TMF -> TLT Synthetic Stock on Reg-T/ 3x TLT shares if on PM + +You can also take advantage of tax loss harvesting which I did not write code to evaluate for. URPO's tax loss harvest pair is SPXL, another 3x ETF. So my 2% federal tax drag is a **worst case estimate.** + +TMF has no other 3x 20+ year treasury ETF, so it's tax loss harvest pair is [Synthetic Long Stock](https://www.theoptionsguide.com/synthetic-long-stock.aspx) on **TLT** at 3x delta. So if you have a $45,000 position in TMF and want to harvest all losses in your $45,000 position, and TLT is trading at $143.64, then this is the formula: + +3 * (45,000 / 143.64) = 939 delta of synthetic stock on TLT. + +So you will buy 9 ATM call options and sell 9 ATM naked puts on TLT for 31+ days to keep your position, then you will want to close the synthetic stock and rebuy TMF with the left over cash. Again using quantconnect.com this is the most accurate model I can get to TMF. It turns out bond futures are a terrible replacement for TMF and it brings me to the next topic. + +I personally did the synthetic stock trade to tax loss harvest TMF in February 2021 and I was able to buy back the same number of shares of TMF. It works wonderfully. + +If you're on Portfolio Margin just save your time and commissions and buy 939 shares of TLT. [Use Box Spreads to Refinance your margin](https://www.reddit.com/r/wallstreetbets/comments/fegqz0/box_spread_financing_for_extremely_cheap_085/) instead of paying your broker's usury margin rates unless you're on IBKR. + +# Futures suck for Hedgefundie's portfolio + +In a taxable account futures are **marked to market.** You realize your PNL every year as of Dec 31st. In my above simulations /ES and /UB futures costed me $2.8 million in federal taxes. Talk about an insane tax drag! + +Futures are only worthwhile in a retirement account, which brings us to the next problem. There are no micro futures for /UB and /ZB. Each /UB future is currently $180k notional value. You need a $1-$2 million+ retirement account to get fine grained leverage on these futures, otherwise your leverage will swing from 2x to 4-6x depending on if you round nearest or round down your number of contracts! + +Finally, I cannot get any mix of /UB and /ZB to replicate TMF's fund testing with quantconnect. Convexity strikes again! It turns out reviewing the actual deliverable of these future contracts its a basket of bonds that is EITHER the 25 year or the 30 year bond. So you're only trading one bond! The future traders will deliver the 25 year bond as it's the cheapest to deliver if interest rates are below 6%. They will deliver the 30 year bond if interest rates are above 6%! Only if interest rates are **exactly** 6% are any of the 25-30 year bonds deliverable! + +So the bond futures are less than ideal for leverage with this portfolio. They either add too much risk or not have enough risk. /ES futures track UPRO very accurately though. + +# Won't you have Liquidity Problems on your trades? + +No I won't. ETFs have [authorized participants](https://www.investopedia.com/terms/a/authorizedparticipant.asp) that help with liquidity in ETFs. Also ETFs are required to post their [indicative Net Asset Value (iNAV) every 15 seconds.](https://www.investopedia.com/terms/i/indicative_net_asset_value.asp) You can look to see what the quotes are vs the most current iNAV. + +In February I decided to tax loss harvest TMF and I sold down my entire position slowly at a time as level two quotes were showing 700 shares offered. I was a bit fearful as I know TMF is a bit illiquid at $200m AUM and I had a huge position. I switched to synthetic stock on TLT. + +Then I wanted to test the reality of buying back all my shares, which I had $132,000 remaining in cash at the time in my taxable account. At $22 a share it'd be my biggest trade - 6,000 shares. I was sweating bullets. I still only had quotes of 700 shares on L2 quotes. I was about to buy 6,000 shares all at once with a marketable limit order of $0.01 spread on TOS over TMF's iNAV. TMF had a $0.01 premium - works for me! I'm doing it for science. I had coded an entire algorithm at Quant Connect to sell TMF and UPRO randomly in 200-700 round lots using IBKR's API instead if this portfolio got so huge out of the concern of the L2 quotes I was seeing. + +For the next 30 seconds TOS played sound after sound of order filling. I filled my entire limit order, then the spread widened to $0.05-$0.10 for the next 30 seconds after I was filled, then it narrowed back down to $0.01 and TMF was $0.10 higher iNAV wise. I had an instant profit of $600 on my position. Soon the iNAV went back down to what it was before my trade. I had discovered a lot more people in the order book than those 700 shares! + +Finally, if you do have a large enough position you need to re-balance from that an Authorized Participant will take - the process is simple. [Make a phone call to your brokerage's block trading desk and they'll help you out.](https://www.tdainstitutional.com/offerings/investing-wealth-management/trading-services/block-desk.html) + +TDA Ameritrade and Fidelity both offer block trades for free to high net worth clients! Both TDA and Fidelity Block Desks can place trades with the authorized participants so I will definitely get NAV of TMF when my account grows this large! + +# Tail Risks + +People point out if **BOTH** stocks and bonds go down 33% **in one day**, this portfolio would go to $0. Quite honestly it'd take an irresponsible Fed to raise interest rates so high that it'd piss off the entire market to sell off like this in one day. I don't think that will ever happen. I would not be 100% invested if I thought this was at all a realistic scenario. + +Then yes, UPRO can, and has gotten near to 0% (historically simulated UPRO had a 98% drawdown in this portfolio!) but we're hoping TMF will moon hard to save the portfolio instead. + +Then right now with the [S&P 500 circuit breakers](https://personal.vanguard.com/us/content/Funds/FundsToolsCircuitBreakersJSP.jsp) it's impossible for UPRO to go to $0 in a day, although the drawdown will be gnarly. UPRO has roughly 220% of swaps and the rest are S&P 500 futures. So even if the swaps can't be adjusted this day UPRO can probably unload enough futures on the market to cover in a drawdown. + +This is also why I'm staying the hell away from TQQQ. Normal QQQ had an 80% drawdown in the 1999 tech stock crash. Granted, all these tech companies are a lot more mature on the NASDAQ, but I personally have no interest in tilting or having an allocation to TQQQ. + +# My De-Risking Strategy + +I have a de-risking strategy that helps me sleep at night. I will be selling a portion of my portfolio to invest in 100% VTSAX (or the 2x spy/tlt leverage version) at every milestone I hope to achieve: + +* $12.5m - $25m NW - I'll be selling $2.5m to lock in a FIRE lifestyle. +* $110m NW - I'll be selling an additional $7.5m to lock in a $10M Fat Fire lifestyle +* $1.1 billion NW - I'll be selling an additional $90 million to lock in a rich $100m Whale Fire lifestyle +* $4 billion - $10 billion - $20 billion NW - I'll be selling 25-50% of my portfolio to go into wealth preservation, lock in billionaire status and let the rest ride. + +I'm projecting each milestone is 10 years of my life. Selling 10% over 10 years is roughly a 1% unlevered allocation. + +I may transfer the amount I de-risk into an asset protection trust so I'd feel comfortable if I want to borrow on this portfolio in the future. + +# Securities Lending for Hedgefundie's Portfolio + +I've decided that any additional borrowing on this portfolio is too risky. I had a whole section here calculating the margin math based on it's previously max historical drawdown. IBKR currently only requires 30% initial margin on 55% UPRO 45% TMF when you use Portfolio Margin. + +When I wrote my guide on NTSX and [when I wrote part 2 of this guide](https://www.reddit.com/r/financialindependence/comments/oaiw3h/part_2_of_my_guide_to_hedgefundies_portfolio_for/) I realized NTSX (1.5x 60/40 bonds - 90/60 with leverage) and 1.5x Hedgefundie's portfolio is very close in stats to 100% stocks in their stats. Therefore, borrowing on this portfolio is equivalent to taking out cash while having a 200% stocks position or buying more NTSX on margin! + +Would you withdraw cash while being leveraged 2x on 100% stocks? I wouldn't. So I've changed my mind and **any additional borrowing on this portfolio is irresponsible.** + +# Are you worried about the strategy if leveraged ETFs are shut down? + +No I'm not. The SEC made a final decision in October 2020 to keep leveraged ETFs. They're limited to borrowing 2x directly with margin but can go up to 4x with derivatives. 3x UPRO and TMF are safe. + +If they ever go away then I'll be running this portfolio using SPY and TLT on portfolio margin in a taxable account. + +# Aren't you too optimistic? + +Why yes, yes I am. However I'm 28 years old with $600k riding on this portfolio with an excellent track record that since 1987 goes to $1.3 billion in nominal dollars. It's my only shot in the world to be a billionaire in nominal dollars and I'm taking it. :) + +# Is this portfolio right for me? + +Ultimately it comes down to your willingness and ability to take risks. It may not be right for you. **Even Hedgefundie is only risking $100k on this for a good chance of it turning into $10 million over 20 years.** + +I'm following a lifecycle investing philosophy of investing while young. My financial situation is very unique. + +You need to have the balls to sell TMF for UPRO in a stock market crash even if UPRO has drawdown 85% or more. In 2008 UPRO had a 85%-90% drawdown for the 60% of the portfolio's drawdown. If UPRO repeats its historical 98% simulated drawdown you need to be backing up the truck with TMF and buying those shares on a fire sale! + +You absolutely need to be mechanical about rebalancing every quarter and not have any second thoughts about doing so. + +Feel free to invest at a lower leverage too. You can do 2x with SSO and UBT. Or 2x with [PSLDX](https://www.pimco.com/en-us/investments/mutual-funds/stocksplus-long-duration-fund/inst) + +Or you can drop down to 1.5x. One [popular investment is NTSX.](https://www.wisdomtree.com/etfs/efficient-core/ntsx) It is the ONLY leveraged fund allowed over at Vanguard as so far it's beating VTSTAX's return with a lot lower risk! NTSX is intermediate treasuries though so it's not quite a direct replacement. + +Finally, [good old 1.0x leverage does pretty well.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=TLT&allocation2_1=45) + +You can also use Hedgefundie's portfolio strategically. For instance, start a Coverdell ESA account for someone who's a baby and [by the time they're age 18 it's grown to $875k.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=2000&annualOperation=1&annualAdjustment=2000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=165&symbol2=TLT&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) It's quite impressive for investing $2k a year! You just gifted $875k from $2k of annual gifting - excellent for estate tax purposes! + +You can get around the income limits by making contributions from a trust or corporation: https://www.irs.gov/taxtopics/tc310 + +> Organizations, such as corporations and trusts can also contribute regardless of their adjusted gross income. + +My sister just had a child. I started a Coverdell ESA account for her child at TD Ameritrade. They allow UPRO and TMF and individual stocks to be invested for benefit of the child. Yup it's 100% invested in 55% UPRO and 45% TMF. + +Ultimately you don't have to be 100% in this portfolio and many people aren't. It's incredible how much growth just $2k a year turns it into if you hold it for long enough. + +# Useful tools + +I made [a spreadsheet you can use that pulls in quotes from Google Finance to easily re-balance this portfolio.](https://docs.google.com/spreadsheets/d/1GzOp0mTp6AYr_arvPHlAb1bJR_6WUjFCdbuSGpaZNCM/edit?usp=sharing) Please make a COPY and don't request edit access. + +It tells you how many shares you need to buy and sell. It also supports tax efficient cash rebalancing too. I personally invest in it's current allocation but doing simulations on both it doesn't matter much in the long run. It also tells you how many shares of SPXL to sell if you tax loss harvest this portfolio. + +Then it also tells you your percentage ownership of the two ETFs. I may have to file 13Gs/13Ds in the future for this portfolio. You can see how a $3m portfolio is already owning 0.63% of TMF. + +# Further Reading that helps understand this portfolio + +[Hedgefundie over at Bogleheads.](https://www.bogleheads.org/forum/viewtopic.php?f=10&t=272007) Read every single post before you decide to invest all in. I've read every single post on both threads. He has back tests for the ENTIRE stock market including the great depression and so on. The portfolio holds up in ALL historical periods. + +[The Long Term Behavior of Leveraged ETFs.](http://www.ddnum.com/articles/leveragedETFs.php) This article debunks the myth: "Leveraged ETFs are not suitable for long term buy and hold." Leverage ETFs ARE suitable for long term buy and hold! + +Early Retirement Now has an excellent article on [How to Beat the Stock Market.](https://earlyretirementnow.com/2020/12/09/how-to-beat-the-stock-market/) Hedgefundie's portfolio checks off 1, 2, 3, and 4 in his article. + +[Lifecyle Investing](https://smile.amazon.com/Lifecycle-Investing-Audacious-Performance-Retirement/dp/B005X4I7ZI) + +[MIT's Youtube Video on Portfolio Management.](https://www.youtube.com/watch?v=8TJQhQ2GZ0Y) This is really worth the watch to understand this portfolio and everything I've talked about here. + +# TL;DR +[Link to Part 2 of this guide.](https://www.reddit.com/r/financialindependence/comments/oaiw3h/part_2_of_my_guide_to_hedgefundies_portfolio_for/) + +I'm 100% invested in this: + +[1987 - Current 165% VFINX 135% VUSTX UPRO TMF Simulated](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF+Simulated&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=165&symbol2=VUSTX&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) + +For this return: + +> UPRO/TMF Simulated $600,000 -> $1,354,019,830 +> Vanguard 500 Index Investor $600,000 -> $62,417,951 + +If you're young enough that a 100% equity portfolio doesn't give you enough risk, you can lever up to increase returns without dipping into alternative/speculative assets such as venture capital, private equity, hedge funds, and so on. + +# More Proof that daily reset leveraged ETFs are safe to BUY AND HOLD +[QuantConnect stats of Daily Vs Monthly leverage Reset](https://www.reddit.com/r/financialindependence/comments/o7tnm5/my_guide_to_hedgefundies_portfolio_and_why_im_100/h3l5yna/) +Disclaimer: I'm not a financial expert; I'm in fact an extinct lizard covered in fur. Please do your own research and correct me if I'm mistaken. We all have room to learn. + +\------------------------------------------------ + +# About Cost To Borrow (CTB) + +CTB is the percentage of the stock price paid to lenders annually by those borrowing the stock (Usually to sell: aka short). The payments to lenders are made daily, so higher stock price means higher fees. + +Usually when you see the CTB values from places like Interactive Brokers you're seeing the "Average" CTB or "Current" CTB. Here we're talking about the "Max CTB"; the maximum an individual, fund or institution has agreed to pay as a fee for borrowing. The data I'm looking at is from Ortex, they show live feeds of the CTB min, max and average. + +I'll mostly be discussing the CTB rates of new loans taken out. Here is Ortex's description of CTB - New: + +"CTB – AVG/MIN/MAX/STD – New: The average, minimum, maximum and standard deviation annualised % of interest on loans issued that day from Prime brokers to their clients, i.e. hedge funds." + +# What Was Borrowed Friday? + +On Friday 30th September 2022 GME had its highest ever CTB Maximum at 954.16%: + +https://preview.redd.it/divm6r821lr91.png?width=312&format=png&auto=webp&s=1cfc2dac63ad1cc2c463ddbcb675a6ca06804679 + +The previous highest CTB - New on record was 352.58%: + +https://preview.redd.it/cqb4hm6w1lr91.png?width=956&format=png&auto=webp&s=f7ca930d488af101354a15181439ebe95c823ac7 + +As you can see some of the shares borrowed on Friday are by far the highest CTB I've seen. I watch this number daily. So some of you might be wondering "how many shares were borrowed at 954%?" Well I've tried to show the data here: + +https://preview.redd.it/17tmuk4t3lr91.png?width=641&format=png&auto=webp&s=173a71096c9dfb3f3326e567f843f8372c355265 + +So within the 15 minute data reporting interval 10,200 shares were borrowed and at least one of them was at 954.16% CTB. Now some of you may have noticed that the CTB Average also has a spike at the same point. If you're better than me at maths you could work out roughly how many shares were borrowed at the high rate. Here's the data: + +https://preview.redd.it/z4ri0okb5lr91.png?width=326&format=png&auto=webp&s=3d618b27c328f8234d9ae1380611bcdf7e88cb9e + +https://preview.redd.it/w2p3vqbc5lr91.png?width=323&format=png&auto=webp&s=9e5a391c3d1b259fbd74f427a04eee42a39b6303 + +Pump all of that into an Average Percentage Calculator presuming that all 10,200 are at 954.16%: + +https://preview.redd.it/2a9sy4616lr91.png?width=370&format=png&auto=webp&s=1acc38a052e0de5591012f6699823269e8dbe166 + +19.63 is really close to 19.32 so I'm estimating 10,000 shares were borrowed at 954.16% but I guarantee someone here can do the maths accurately, I'm just not that smart. + +# Why The High Rate? + +This is the big question, why did someone borrow 10,000 shares of GME at an absolutely insane fee? + +The first and most likely relevant data point I can come up with is that Friday the 30th of September is the last day of the month. So I'm supposing some reporting obligations, contractual obligations or something else. No one would borrow GME at >950% unless they **needed** the shares, not wanted, they had no choice. + +The second suggestion I have is that the shares were needed to short the stock down at the end of the day for some reason, perhaps to keep the price in/out of some options. The shares were borrowed at 3:45PM EDT so it's plausible I think. + +I'd love to know if anyone knows better. + +# What Does This Mean? + +Cost To Borrow Maximum being so high **likely** means that: + +* Someone couldn't get shares from anywhere else +* Someone had no choice but to squire the shares +* Someone was willing to pay for the shares rather than pay the consequences of not getting them +* Very few shares were available to be borrowed +* The Lender of the >950% CTB shares knew the Borrower was desperate + +The point I like to focus on is that few shares were available for lending. Brokers are running out of shares to borrow. I wonder where the shares they love to lend out could have gone? It'd be a real shame if they were DRS'd in owner's names. I believe this blip of data is further evidence that DRS is working. + +For those of you that think all of this data is false and that they just report whatever they want, I won't get into how Ortex acquires data but I very much believe it's real, Ortex data is good imo. More importantly, if it is a made up number I ask you the same question: Why this number? Why so high? + +# In Conclusion/TL:DR + +Someone borrowed 10,000 shares of GME at an insane borrow fee of >950%. Buy Hold DRS GME. + +Thank you for reading. <3 +Abstract: + +> This paper examines whether the Solow growth model is consistent with the +international variation in the standard of living. It shows that an augmented Solow +model that includes accumulation of human as well as physical capital provides an +excellent description of the cross-country data. The paper also examines the +implications of the Solow model for convergence in standards of living, that is, for +whether poor countries tend to grow faster than rich countries. The evidence +indicates that, holding population growth and capital accumulation constant, +countries converge at about the rate the augmented Solow model predicts. + +*** + +[Link to paper](http://eml.berkeley.edu/~dromer/papers/MRW_QJE1992.pdf) +**TLDR**: + +There are currently a number of driving factors that are pointing to a likely increase in Treasury rates. This is to say that Treasury debt sales (notes, bills, and bonds) are resulting in the government paying more to institutions to borrow money. One driving factor that can show an increase in Treasury rates is an index that measures liquidity. Additionally, the bid-ask spread of the Treasury market is a very effective way to determine Treasury market liquidity. + + +"**Why is this important to the overall market?**" + +The Treasury market becomes more and more susceptible to the volatility and big shifts as liquidity dries up. +\-------------------------------------------------- + +Tonight's journey down the rabbit hole begins here. + +&#x200B; + +[https:\/\/www.bnnbloomberg.ca\/plenty-of-catalysts-to-help-push-treasury-rates-above-2018-highs-1.1762479 ](https://preview.redd.it/kyxvjz3h27y81.png?width=664&format=png&auto=webp&s=df8839bb54e70f134b9071178e9646d06d17f62c) + +&#x200B; + +Browsing the terminal again for something interesting and noteworthy, I stumbled across this article, and as always, I started to dig. So, without further ado.... + +&#x200B; + +https://i.redd.it/lmlc89lg37y81.gif + +&#x200B; + +# Briefly, about the article... + +In short, the article discusses the many "catalysts" (or drivers) that will push Treasury rates above previous highs of 2018 as a result of the current bear market in U.S. Treasury debt. + +&#x200B; + +# Before we continue, I think it prudent to clarify a minor detail, or two. + +&#x200B; + +**1**. While the article uses the term "rates" (as in Treasury), what it *means* is yield. + +You may find yourself asking **"What Is the Treasury Yield"?** + +As defined by [Investopedia](https://www.investopedia.com/terms/t/treasury-yield.asp), "*treasury yield is the return on investment, expressed as a percentage, on the U.S. government's debt obligations. Looked at another way, the Treasury yield is the effective interest rate that the U.S. government pays to borrow money for different lengths of time*". + +*Why* the term is used somewhat interchangeably is because the Treasury yield is the interest **rate** that the government pays to borrow money. It is also important to note that Treasury yield is also used as an indicator of investor sentiment towards the economy; higher yields on long-term debt instruments translates to positive sentiment or an "optimistic outlook". + +&#x200B; + +**2**. Treasury debt, or debt instruments, are government issued securities used to raise capital. Highly sought after, treasury debt can either be + + +* Treasury Bills (or "T-Bills"), which are short term bonds that mature within a year +* Treasury Notes (or "T-Notes"), which are bonds with a maturity date of 10 years or less, and +* Treasury Bonds (or "T-Bonds"), which are long-term bonds that mature between 20-30 years + +&#x200B; + +# Now, onto those catalysts you were talking about... + +&#x200B; + +Now before you get excited, I am not referring to "catalyst" in the sense of MOASS or a short squeeze. In our context, we are simply referring to something that will raise the yield/rate of treasury debt. + +1. Consumer Price Index (CPI) , which will be released this coming Wednesday. +2. Fed Commentary including the recent 50 basis point rate hike, the June 1st target date to begin offloading Treasuries, as well as the ongoing plan of attack for inflation; which *may* or mat not include as much as a 75 basis point hike, which according to at least one Fed President "is not off the table". +3. [Treasury Security Auctions](https://home.treasury.gov/system/files/221/Tentative-Auction-Schedule.pdf), which are run by the Department of Treasury, allow dealers and other market participants to to trade "a specified quantity of a particular security". + +(For more details and information on the Treasury Security Auction process, click [here](https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci11-2.html#:~:text=Treasury%20auctions%20are%20designed%20to,these%20objectives%20have%20been%20met)). + +&#x200B; + +The article *does* go on to list another catalyst, however, should the others fail to produce higher yields; **the US Government Securities Liquidity Index**\--which is where our proverbial "meat and potatoes" of the DD begins. As government security liquidity dries up, the treasury market as a whole becomes more and more susceptible to volatility, or big shifts. + +This index, which reached its highest point of the year this past Friday--as seen below--measures the average yield error for notes and bonds maturing in at least a year. + +&#x200B; + +[US Government Securities Liquidity Index; Macro View. ](https://preview.redd.it/6fpdcsvyg7y81.png?width=1435&format=png&auto=webp&s=bdfac6278ba622825c8ba0ebfff593fab37037b5) + +&#x200B; + +[US Government Securities Liquidity Index; Micro View. ](https://preview.redd.it/mun6era4h7y81.png?width=1434&format=png&auto=webp&s=3226d58b1024e7f59f39fd1c1945b31af52701b3) + +&#x200B; + +# "The past is solid, the future is LIQUID" + +\- Jean-Louis Aubert + +&#x200B; + +# The Establishment.... + +&#x200B; + +Alright, let's quickly recap. So far we have established the following: + +* Currently multiple catalysts/drivers that will likely cause Treasury rates/yield to rise +* Treasury yield is the ROI the government pays to borrow money +* Treasury yield is made be selling debt, specifically bills, notes, and bonds +* The US Government Securities Liquidity Index measures the average yield error for notes and bonds maturing in at least a year + +&#x200B; + +# But "How do we measure liquidity of the treasury market?" + +&#x200B; + +Great Question. For the answer we turn to Michael J. Fleming; Financial Research Advisor and Department Head Capital Markets Studies at the Federal Reserve Bank of New York. In his report [Measuring Treasury Market Liquidity](https://www.newyorkfed.org/medialibrary/media/research/epr/03v09n3/0309flempdf.pdf)\--which is summarized [here](https://www.newyorkfed.org/research/epr/03v09n3/0309flem/0309flem.html#charts)\--Fleming comprehensively analyzes a number of measures which can be used to determine liquidity in the treasury market. + +The measures Fleming identifies are: trading volume, trading frequency, bid-ask spread, quote size, trade size, price impact coefficient, and on-the-run/off-the-run yield spread. While varying in their degrees of success, it is Fleming's opinion that one reigns supreme. + +&#x200B; + +But "**Why?**" + +&#x200B; + +As pointed out in the above report on Treasury Market Liquidity, + +"*Commonality in liquidity across securities is likely to be strong in the Treasury market given the securities’ common features. Moreover, the high volume of trading in the Treasury market and the absence of rules that limit price changes or bid-ask spreads to specified minimums or maximums make it relatively easy to estimate measures of liquidity precisely*". + +# + +# (The Meat...) + +# Time to SPREAD the news... + +&#x200B; + +Let's start be defining what the bid-ask spread. As defined by Investopedia, "*a* ***bid-ask spread*** *is the amount by which the ask price exceeds the bid price for an asset in the market.* ***The bid-ask spread is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accep*****t**". + +&#x200B; + +Looking at the Department of Treasury's Office of Debt Management's [Fiscal Year 2022 Q2 Report](https://home.treasury.gov/system/files/221/CombinedChargesforArchivesQ22022.pdf), we learn some interesting information regarding the bid-ask spread. + +1. "*Bid-ask spreads have widened across tenors \[See below\], but especially in 7s and 20s*", and +2. "*Wider bid-ask spreads may, in turn, be contributing to the volatility of rates*" +3. "*Bid-ask spreads have risen but are largely in line with the rise in policy uncertainty*" + +**(Note**: [Tenor](https://www.investopedia.com/terms/t/tenor.asp) refers to the length of time remaining before a financial contract expires. It is sometimes used interchangeably with the term maturity, although the terms have distinct meanings. Tenor is used in relation to bank loans, insurance contracts, and derivative products (Investopedia)) + +&#x200B; + +Okay, so '**How do we may sense of this bid-ask spread?**". The below table and excerpt from the aforementioned [report](https://www.newyorkfed.org/medialibrary/media/research/epr/03v09n3/0309flempdf.pdf) provide us with valuable insight. + +&#x200B; + +[https:\/\/www.newyorkfed.org\/medialibrary\/media\/research\/epr\/03v09n3\/0309flempdf.pdf ](https://preview.redd.it/g3tbih2hr7y81.png?width=535&format=png&auto=webp&s=3105e5be8cc692ad3aaca0ddc86a4970548b9b95) + +The above table "*reports descriptive statistics for average daily bid-ask spreads for the on-the-run bills and notes. Consistent with market quoting conventions, bill bid-ask spreads are reported in basis points, based on the discount rate, and note bid-ask spreads are reported in 32nds of a point, where one point equals 1 percent of par.* + +*The longer maturity securities, which tend to be more volatile (in price terms), also have wider bid-ask spreads (in price terms). The ten year note thus has an average spread of 0.78 32nds, whereas the two-year note has an average spread of 0.21 32nds. The one-year bill has the narrowest spread among the bills in terms of yield, at 0.52 basis point, but the widest spread among the bills in terms of price*" + +&#x200B; + +&#x200B; + +&#x200B; + +[https:\/\/www.newyorkfed.org\/medialibrary\/media\/research\/epr\/03v09n3\/0309flempdf.pdf ](https://preview.redd.it/19xgyn3jo7y81.png?width=763&format=png&auto=webp&s=69c2b3a37d73e7aba9a5cb0bb42ea63522fe6ce0) + +[https:\/\/www.newyorkfed.org\/medialibrary\/media\/research\/epr\/03v09n3\/0309flempdf.pdf ](https://preview.redd.it/7q7frp3jo7y81.png?width=765&format=png&auto=webp&s=cb3cb5c58b892f6c7b539bef097e9b80e9ef8f32) + +&#x200B; + +So, "**What do these charts mean?**" + +Recall from earlier that bid-ask spreads have been widening, which in turn can contribute to volatility in rates (yield), likely as a result of uncertainty regarding policy. + +Since the bid-ask spread is indicative of liquidity, and the bid-ask spread is on the rise... and the Fed is reducing it's balance sheet, which further lowers liquidity of bonds, the Treasury market is in store for some big volatile shifts. + +&#x200B; + +# (The Potatoes...) + +# The Tightening.... + +Now that we have set the groundwork, covering treasury securities, the yield (or interest rate) the government pays to borrow money, securities market liquidity, and how this liquidity can be measured, let's talk numbers; specifically the Fed's balance sheet which shows nearly $9T as of May 4, 2022. + +&#x200B; + +[https:\/\/www.federalreserve.gov\/releases\/h41\/current\/ ](https://preview.redd.it/pilpq345aay81.png?width=918&format=png&auto=webp&s=abda0a243b5d23ee74535ea4e266fe5ed6abed4e) + +&#x200B; + +[https:\/\/www.federalreserve.gov\/releases\/h41\/current\/ ](https://preview.redd.it/l6etl845aay81.png?width=1186&format=png&auto=webp&s=90750fa120f5b645873cb76088134a044e1a110b) + +&#x200B; + +Pursuant with the Principles for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in January 2022, the Federal Reserve recently released their [Plans for Reducing the Size of the Federal Reserve's Balance Sheet](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220504b.htm). + +According to this, + +" + +* The Committee intends to reduce the Federal Reserve's securities holdings over time in a predictable manner primarily by adjusting the amounts reinvested of principal payments received from securities held in the System Open Market Account (SOMA). Beginning on June 1, principal payments from securities held in the SOMA will be reinvested to the extent that they exceed monthly caps. + * **For Treasury securities, the cap will initially be set at $30 billion per month** and **after three months will increase to $60 billion per month**. The decline in holdings of Treasury securities under this monthly cap will include Treasury coupon securities and, to the extent that coupon maturities are less than the monthly cap, Treasury bills. + * **For agency debt and agency mortgage-backed securities, the cap will initially be set at $17.5 billion per month** and **after three months will increase to $35 billion per month.** +* Over time, the Committee intends to maintain securities holdings in amounts needed to implement monetary policy efficiently and effectively in its ample reserves regime. + * To ensure a smooth transition, the Committee intends to slow and then stop the decline in the size of the balance sheet when reserve balances are somewhat above the level it judges to be consistent with ample reserves. + * Once balance sheet runoff has ceased, reserve balances will likely continue to decline for a time, reflecting growth in other Federal Reserve liabilities, until the Committee judges that reserve balances are at an ample level. + * Thereafter, the Committee will manage securities holdings as needed to maintain ample reserves over time. +* The Committee is prepared to adjust any of the details of its approach to reducing the size of the balance sheet in light of economic and financial developments. + +" + +**Side Note**: Now, what I find interesting about the above plan for "balance sheet normalization", is that there is a specifically defined initial monthly cap on both treasury securities, agency debt and mortgage-backed securities (MBS). + +*Then*, at an unspecified time, with no predetermined monthly cap, the FOMC can shift the size of their securities holdings "to implement monetary policy. In doing this, however, the committee intends to slow and stop the decline in the size of the balance sheet when reserves are at a level--which is also not predetermined--that the committee deems fit. + +After this "*the Committee will manage securities holdings as needed to maintain ample reserves over time*". + +&#x200B; + +**Speculation**: So, this leaves me wondering, is this another attempt at a grand gesture to give the appearance of cracking down, and doing so long enough as to lull the public and onlookers into believing the FED and FOMC are actively addressing the severe problem with inflation.. only to one day.. randomly, quietly, and covertly just resuming the status quo of excessive money printing like always, once the onlookers are then distracted by something else?!?!? + +&#x200B; + +https://i.redd.it/qje0ozc19ay81.gif + +. + +. + +. + +Time will tell... + +&#x200B; + +# "It's Tricky, Tricky, Tricky.." + +&#x200B; + +Similar to Quantitative Easing (QE), its antithesis, Quantitative Tightening (QT)--or balance sheet normalization--is not without its dangers. A few in particular is highlighted in [US Federal Reserve: Quantitative tightening and its implications](https://institutional.rbcgam.com/documents/en/common/article/us-federal-reserve-quantitative-tightening-and-its-implications.PDF?language_id=1), a report written by David Riley Chief Investment Strategist BlueBay Fixed Income Team at Royal Bank of Canada (RBC) in January 2022. + +(For convenience and context, here is a summary of the report) + +[https:\/\/institutional.rbcgam.com\/documents\/en\/common\/article\/us-federal-reserve-quantitative-tightening-and-its-implications.PDF?language\_id=1 ](https://preview.redd.it/7xnu2hjfbay81.png?width=630&format=png&auto=webp&s=39a85fc0397845c04163cabf4fa7e7708368d5d1) + +&#x200B; + +In this report, Riley makes many good points related to the quantitative measures that will be taken by the Fed, but points out some lessons learned that I think are apropos to at least mention, and possibly take into consideration. + +&#x200B; + +* "*In the first 12 months of the previous episode of QT, the yield curve bear flattened as the Fed hiked rates, though in 2019 the curve bull flattened as investors became concerned about the economic outlook and a potential ‘policy mistake’ by the Fed*" +* "*Inasmuch as record Fed purchases of Treasury inflation-protected securities (TIPS) has contributed to deeply negative real yields, a run-off in Fed TIPS holdings could result in a sharper rise in real yields that is typically associated with a stronger US dollar and challenge the valuation of riskier and long duration growth assets*" + +Wait... "**What are TIPS??**" + +As defined by [TreasuryDirect.gov](https://www.treasurydirect.gov/indiv/products/prod_tips_glance.htm#:~:text=Treasury%20Inflation%2DProtected%20Securities%2C%20or,original%20principal%2C%20whichever%20is%20greater), Treasury Inflation-Protected Securities (TIPS) **provide protection against inflation**. The principal of a TIPS increases with inflation and decreases with deflation, as measured by the Consumer Price Index. When a TIPS matures, you are paid the adjusted principal or original principal, whichever is greater + +According to [BNNBloomberg.ca](https://www.bnnbloomberg.ca/plenty-of-catalysts-to-help-push-treasury-rates-above-2018-highs-1.1762479), the five-year TIPS yields rose more than 150 basis points in 40 trading days through May 3, the fastest pace since 2008. + +&#x200B; + +[https:\/\/www.bnnbloomberg.ca\/plenty-of-catalysts-to-help-push-treasury-rates-above-2018-highs-1.1762479 ](https://preview.redd.it/0qbe53zoday81.png?width=620&format=png&auto=webp&s=10576e7b6f84ce7921ee84a3eb9b29550eec7390) + +&#x200B; + +* "*The Fed is unlikely to formally specify a terminal or ‘normalized’ size of the balance sheet – it will depend on the level of bank reserves with the Fed consistent with effective monetary operation (****when bank reserves fell below USD1.5 trillion in 2019, there was a spike in money market rates, prompting Fed purchases of Treasury bills****)*" + +# The Repos.... + +Going back to the report from David Riley Chief Investment Strategist BlueBay Fixed Income Team at Royal Bank of Canada (RBC), we see the following passage: + +"*Fed asset purchases and sales effectively determine the size of bank reserve balances with the Fed that currently stand at USD4.1 trillion compared to USD1.6 trillion prior to the pandemic.* ***The projected run-off in Fed securities holdings would imply that bank reserves would fall to around USD1.5 trillion by the end of 2024, but it is likely that banks would reduce its use of the Fed’s overnight reverse repo facility****, which exploded in 2021 from just USD1 billion to more than USD1.6 trillion (see Fig. 2), and the reduction in banks’ reserve balances would be less*". + +&#x200B; + +As stated by the [DTCC](https://www.dtcc.com/clearing-services/ficc-gov/repo), "*Reverse repurchase agreements are used by institutions to earn income on their excess cash reserves. When the securities are sold, the sellers simultaneously agree to repurchase the securities on a specified day at a given price, including interest calculated using a rate agreed upon at the time the sale takes place. The portion of the repo transaction when the security is sold is referred to as the 'start' leg, while the subsequent repurchase is called the 'close leg. The borrower, and therefore the person providing the collateral, is called the 'repo dealer'; the cash provider is called the 'reverse dealer' or 'lender.' Except for a forward start repo, the 'start leg' of the typical repo will settle as a normal transaction. The 'close leg' will be part of the netting process on the respective settlement date*". + +&#x200B; + +**FUN FACT**: For anyone who may not know, the [DTCC](https://www.dtcc.com/-/media/Files/Downloads/Clearing-Services/FICC/MBSD/full-service-contact-list.pdf) is just a consortium of individuals from financial institutions who came together form a financial services company that provides clearing and settlement services to financial markets. As you would have guessed, of course, this consortium includes our old friends Citadel. + +&#x200B; + +[https:\/\/www.dtcc.com\/-\/media\/Files\/Downloads\/Clearing-Services\/FICC\/MBSD\/full-service-contact-list.pdf ](https://preview.redd.it/e3c4j50chay81.png?width=916&format=png&auto=webp&s=39856c8dd7a76a4627ba6fbb42f4fd0cce5c7308) + +At this point of this extensive DD, it is actually a good point to segway into what is really where I ultimately wanted to get with all of this... Hedge Funds. + +For the purposes of this DD, we will focus on Citadel, as they are an institution just about all are familiar with in some form or another. + +&#x200B; + +# But before we do that, let's do another quick recap, since you're still here and have read this far.. + +There are a number of factors which are threatening the government securities market. These threats to government securities, specifically bonds, play a major role in our financial systems. These bonds are traded daily in the repo (or "repurchase") market, be it a traditional repurchase agreement or reverse repurchase agreement. + +Okay, so, because there are threats to government securities, and factors like the bid-ask spread and TIPS are on the rise, this will ultimately effect the repo market, which is very important to hedge funds. + +&#x200B; + +[https:\/\/www.newyorkfed.org\/markets\/desk-operations\/reverse-repo ](https://preview.redd.it/se6uajaxfay81.png?width=1120&format=png&auto=webp&s=83f8242e0656fdafc597f9c485dd2c2db571a63f) + +&#x200B; + +"**Why does this matter to hedge funds??**" + +As stated in Citadel's financial statement, they utilize repos and reverse repos to cover short positions. + +It is likely a fair assessment and theory that if one of the largest and most notable hedge funds is engaging in a financial practice, there are likely many others following suit. + +&#x200B; + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/1146184\/000128417022000004\/CDRG\_BS\_Only\_FS\_2021.pdf ](https://preview.redd.it/nf5391vfpay81.png?width=979&format=png&auto=webp&s=f24a827a3ec5e91fed3f9175c9e79562fe0a13ac) + +&#x200B; + +&#x200B; + +So, **What is a Master Netting Agreement?** + +A master netting agreement is an arrangement wherein two counterparties enter into a transaction that offsets each other, in essence, hedging each other. These transactions are said to be "offset" because a gain for one of the counterparties is a loss for the other. Master netting agreements utilize the practice of **net settlement**, which is the routine of resolving a day's transactions at the close of business, done by banks. + +Staying on the topic of repos and reverse repos, we see in Figure VII below that Citadel collaterizes these agreements by receiving or pledging securities obtained through rehypothecation. + +&#x200B; + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/1146184\/000128417022000004\/CDRG\_BS\_Only\_FS\_2021.pdf ](https://preview.redd.it/07zwuhc4qay81.png?width=565&format=png&auto=webp&s=dc1a3cddf3dfc5c34dc38b89844acdcb6a016d16) + +&#x200B; + +Speaking of clearing., BAML provides the large majority of Citadel's clearing and financing activities. + +"*The Company has concentration risk with respect to its derivative financial instruments. At December 31, 2021, BAML serves as clearing and prime broker for 95.65% of the Company’s net derivative assets. See Note 8 for a discussion of credit risk and risk management*" + +&#x200B; + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/1146184\/000128417022000004\/CDRG\_BS\_Only\_FS\_2021.pdf ](https://preview.redd.it/hzchxsmmtay81.png?width=816&format=png&auto=webp&s=41d5458b03fda62f9078e861648a23be5415959d) + +&#x200B; + +[ https:\/\/www.sec.gov\/Archives\/edgar\/data\/1146184\/000128417022000004\/CDRG\_BS\_Only\_FS\_2021.pdf ](https://preview.redd.it/l3qz8oljpay81.png?width=647&format=png&auto=webp&s=fdd88b6696300e5627a67bc0d605b1f9a46cce20) + +$1.74B in securities borrowed and securites loaned, which we mentioned earlier, "The Company" (Citadel) uses to cover short positions. + +&#x200B; + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/1146184\/000128417022000004\/CDRG\_BS\_Only\_FS\_2021.pdf ](https://preview.redd.it/modhmkhipay81.png?width=654&format=png&auto=webp&s=14ad9943544fb47743c859e073c87b6de9d84746) + +$15.77B in securities collateral received for reverse repurchase agreements, and $18.75B in securities collateral pledged for repurchase agreements. + +&#x200B; + +&#x200B; + +. + +. + +# Okay, so what does all of this mean? + +In short, the measures being taken by the FOMC to curb inflation--quantitative tightening, or balance sheet normalization--*will* affect the reverse repo market. Because institutions like Citadel use the repo market to trade government securities (or bonds), their ability to cover short positions *may* be (severely) impacted, as this *can* greatly reduce their collateral and increase risk to their positions. + +&#x200B; + +..And yes, I understand this is all an "*if*", and predicated on the Fed following through, and rules and regulations being followed to the letter, and cans not being kicked. Should we **finally** be at a point where skirting the law, and cherry-picking which rules and regulations to enforce and cherry-picking who is held accountable, we could be sitting at the cusp of something big. + +&#x200B; + +So, I am sure that some will be like "tHis Has NotHiNg To Do WiTh Us". This thinking is wrong. + +Should bonds be impacted to the full extent that they can--taking into account all current market conditions--those institutions and bad actors currently betting against the stock market, bond market, housing market, and literally any other market possible... they're ability to continue doing so will be greatly reduced and/or hindered, if not snuffed out completly. + + +All of this, of course, on top of recent rule/regulation changes, the conflict in Europe, China, etc.. etc.. + + +# We are sitting on a powder keg! + +. + +. + +&#x200B; + +With all that said, I wanted to provide this handy list provided by Bloomberg of upcoming events that may have further impact to our market. + +# Key Dates to Look Out For + +([https://www.bnnbloomberg.ca/plenty-of-catalysts-to-help-push-treasury-rates-above-2018-highs-1.1762479](https://www.bnnbloomberg.ca/plenty-of-catalysts-to-help-push-treasury-rates-above-2018-highs-1.1762479)) + +&#x200B; + +* **Economic Calendar**: + * May 9: Wholesale inventories + * May 10: NFIB small business optimism + * May 11: CPI, MBA mortgage applications + * May 12: PPI, Weekly jobless claims + * May 13: Import and export price index, U. of Mich sentiment + +* **Fed Calendar**: + * May 10: New York Fed President John Williams, Richmond Fed President Thomas Barkin, Cleveland Fed President Loretta Mester, Fed Governor Christopher Waller, Minneapolis Fed President Neel Kashkari, Atlanta Fed President Raphael Bostic + * May 11: Bostic + * May 12: San Francisco Fed President Mary Daly + * May 13: Minneapolis Fed President Neel Kashkari, Mester + +* **Auction Calendar**: + * May 9: 13- and 26-week bills + * May 10: 3-year notes + * May 11: 10-year notes + * May 10: 4-and 8-week bills, 30-year bonds + +&#x200B; + +https://preview.redd.it/xj9tqpmbxay81.png?width=446&format=png&auto=webp&s=b96ead4d6b2fc1f88f19eb3bc8ea62e9b8a832f6 +guys you may say i'm crazy , i'm holding CHFJPY from 117.400 , with 0.01 lots account levrage 1:500 , capital 4730 euro , i'm at loss 2150 euro , my account can hold till 178.800 , what you recommend me do pls. Hedge or there's anything i can do can help me get out from the trade with no loss + + + +https://preview.redd.it/zrfyjgbgp7n91.jpg?width=746&format=pjpg&auto=webp&s=64885ed2a347a9832e3c6d76bd81092bd6afce5b +Hey fellow traders, + +according to my last post about the book [The Secrets Of Economic Indicators](https://www.reddit.com/r/Forex/comments/bfn007/the_secrets_of_economic_indicators_what_really/?utm_source=share&utm_medium=ios_app) I wanted to build an economic model in excel, to find the best pair with a strong currency and a weak for high probability of winning trades. Can you relate, when you make a trade and suddenly the news of one currency destroys your trade? If you know how the economy of both are, it is more likely that the upcoming news will be according to your trade. + +The thing now is, it takes time and research. My biggest issue is, the needed indicators are hard to find. For example the Capacity Utilization of Australia to determine how strong the industrial sector is working. TradingEconomics.com only provides free data for the last couple of quarters. So we need to find the sources. + +If you are interested in building up an excel sheet always being up to date about the current strength of countries for you forex trading, join my project and help to find the right economic data and building up an excel sheet where your knowledge can be a part of it. + +Hopefully I can find some Hardos like me who truly would work until 3 am for success. +After hitting parity on Tuesday, EUR/USD has since breached this level twice in the last two days. The pair has managed to hold above 1.000 on a closing basis, but near-term direction will likely depend on upcoming central bank meetings and economic outlook. + +The series of lower lows in the past few days may be an indication that demand at this key psychological support is waning. The ECB is expected to begin their tightening cycle this month, but another hot US CPI print has now put the possibility of a 100bps hike from the Fed firmly on the table. Combined with the Eurozone’s slowing economy, this could be the final push needed to take EUR/USD on a sustained leg lower. + +However, the US economy isn’t in a particularly strong position itself, with data telling a similar story to that in the EU. Although the Fed is in a stronger position than the ECB in terms of stimulating the economy when needed, the forex market doesn’t seem to be pricing in a potential US recession. Given that the greenback has been on such an impressive run, a change in sentiment could trigger heavy profit-taking, and in turn, help EUR/USD bounce. + +Of course, all trading carries risk, but it will be interesting to see if the pair bottoms out at this important level, or if there is still room to fall. +Can someone please explain me the 2% trading rule. For an example if I have $5000 total balance. Do I trade all $5000 in a single trade and try to aim at maximum loss of 2% if it happens in this case ( $100 ) or if my total balance is $5000 I can only risk $100 per trade since that's 2% ? I really don't understand this and would be really helpful if someone can point me at the right direction. Thanks! +Guten Morgen to all of you Great Apes across the world! 👋🦍 + +Diamantenhände HODL through it all - through dips, through FUD, and most certainly through every attempt to provoke Apes to sell. Yesterday's US market had higher volume, coinciding with many low-effort attempts to make Apes feel discouraged. The SHFs are *really* trying to make us sell low. + +On a related note, I'd like to thank u/pinkcatsonacid for everything she does and has done for this community, and offer unconditional support for the personal decision she announced today. It's obvious that the shills stepped up their "mod drama" narrative, trying to add fuel to an already difficult situation. Mods of r/Superstonk: you are appreciated and you have our support. You cultivate a community in one of the most challenging environments on Reddit. Thank you for *everything* you do, and take care of yourselves. + +Today is Wednesday, July 14th and you know what that means! GMErican Apes are (or should be!) asleep, so join other apes around the world to watch low-frequency updates from a single German exchange! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$182.21 / 153,90 €** *(volume: 293)* +- 🟩 115 minutes in: $181.32 / 153,15 € *(volume: 280)* +- 🟥 110 minutes in: $181.12 / 152,97 € *(volume: 258)* +- 🟩 105 minutes in: $181.80 / 153,55 € *(volume: 253)* +- 🟩 100 minutes in: $180.97 / 152,85 € *(volume: 253)* +- 🟥 95 minutes in: $180.91 / 152,80 € *(volume: 249)* +- 🟩 90 minutes in: $181.32 / 153,15 € *(volume: 238)* +- 🟥 85 minutes in: $181.12 / 152,97 € *(volume: 221)* +- 🟩 80 minutes in: $182.03 / 153,75 € *(volume: 205)* +- 🟥 75 minutes in: $181.03 / 152,90 € *(volume: 171)* +- 🟩 70 minutes in: $181.32 / 153,15 € *(volume: 170)* +- 🟥 65 minutes in: $181.09 / 152,95 € *(volume: 168)* +- 🟥 60 minutes in: $181.38 / 153,20 € *(volume: 167)* +- 🟥 55 minutes in: $181.53 / 153,32 € *(volume: 153)* +- ⬜ 50 minutes in: $181.86 / 153,60 € *(volume: 97)* +- 🟥 45 minutes in: $181.86 / 153,60 € *(volume: 97)* +- 🟩 40 minutes in: $181.89 / 153,62 € *(volume: 84)* +- ⬜ 35 minutes in: $181.86 / 153,60 € *(volume: 84)* +- ⬜ 30 minutes in: $181.86 / 153,60 € *(volume: 84)* +- ⬜ 25 minutes in: $181.86 / 153,60 € *(volume: 80)* +- ⬜ 20 minutes in: $181.86 / 153,60 € *(volume: 78)* +- 🟥 15 minutes in: $181.86 / 153,60 € *(volume: 78)* +- ⬜ 10 minutes in: $182.00 / 153,72 € *(volume: 71)* +- ⬜ 5 minutes in: $182.00 / 153,72 € *(volume: 61)* +- 🟩 0 minutes in: $182.00 / 153,72 € *(volume: 0)* +- 🟥 US close price: $180.06 / 152,08 € *($178.31 / 150,61 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from a single German exchange and converting to USD. Today's euro -> USD conversion ratio is 1.18395457. There are occasionally small differences in price that are below the rounding error to two decimal places, which can lead to colorful boxes without obvious price change. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Two weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +**TL;DR**: We're f\*cking winning, big time. Also, apes are the whale. + +GameStop released two key data points on the progress of DRS: + +* **8.9M** shares were direct registered as of Jan 30th 2022 (up from 5.2M in late Oct 2021) +* **125k** registered investors as of March 11th 2022 (up from 1,683 in March 2021) + +&#x200B; + +# 0. We've been right about some stuff. + +This clarifies several things about the state of DRS, and about the quality of our estimates: + +* As others have pointed out, the trimmed average estimate from DRS bot data has been accurate. It estimated \~8.9M shares DRS'ed for end of Jan; it estimates that we're currently at **9.9M** shares DRS'ed. +* This means that currently, for every share logged to the DRSbot, roughly another 4 shares are DRS'ed. +* The mod11 account number inference seems correct. It put us at \~110k CS accounts end of January, which seems well in line with 125k accounts as of last week. + +Now, I personally interpret this data as follows. + +&#x200B; + +# 1. The push for DRS is f*cking working. + +Even if the 8.9M seems lower than most of us have hoped for, consider the following: + +* 99% of all GME-related CS accounts have been opened in the past year – even though we can assume that the 125k include some redundancy, i.e. multiple account numbers for the same person. +* The average number of shares per DRS account is "just" **71** However, the average per account as logged to the DRSbot is around **123** (using the estimated 1.3 accounts per ape; see [https://www.reddit.com/r/Superstonk/comments/tgawmx/drsbot\_count\_update\_20220317\_14000\_feedthebot/](https://www.reddit.com/r/Superstonk/comments/tgawmx/drsbot_count_update_20220317_14000_feedthebot/) ). I strongly suspect that the lower official number is due to the fact that most apes first send one or just a few 'sentinel' shares to check the process and get account access. If those apes DRS more shares once the initial transfers are complete, **we should see an increase in the average shares per investor over time**. The 123/ape estimate is also closer to survey-based estimates e.g. by u/Get-It-Got . (The alternative explanation is of course that ppl with larger positions are more prone to use the DRS bot but I find that unlikely tbh). +* US apes tend to forget how tedious the process is for non-Americans. Personally, I've been waiting for a long time for my letter to arrive, and I am quite sure that the same is true for many European, Asian, South American, African, Australian and Antarctican apes. We don't just get to chat up Fidelity and see the registered shares in our accounts days later. I think there is a massive DRS lag outside the US due to this – the stream will not trickle in the near future. +* It is reasonable to assume that a very sizeable fraction of ape positions are in IRAs or similar (which can be a massive hurdle if transfers cannot be done without tax hits) or with brokers that flat-out do not allow transfers (again, for many outside the US, transfer into Interactive Brokers then DRS from there is the only option, and many brokers do not allow this or make it extremely difficult). + +&#x200B; + +# 2.We own the float (multiple times over). The float will be DRS'ed in the near future. + +Again, it is worth putting today's numbers into some broader context. + +* We can safely estimate **9.9M** shares DRS'ed as of today (see above) with many more to come steadily in (also see above). The free float of GME is estimated to be around 35M. +* If DRS continues at the same average pace of the past 3 months (3.7M shares every quarter), it would take approximately 18 months to DRS the entire float. Duh, that seems long. **HOWEVER, ...** +* It's worth remembering a few more things. There are 21k apes holding \~550k shares (non-DRSable apparently) on the Swedish broker Avanza alone. That's just one broker (not even the biggest one) in Sweden which has a population of 10M (plus a bunch of elks), corresponding to 3% of the US population and 2% of EU+UK. Yes, you read that right. Swedes are rich and no mistake, but in just one broker in a rather small country, there are 1/6th as many apes as have DRS accounts. If we extrapolate even just the 21k out of 10M, we would expect \~700k holders in the US (there are likely way more) and >1M holders in EU+UK. Those 1.7M people own the float if they own \*on average\* just 20 shares per person; they'd own the entire company (76M shares) at just an average 45 shares per person. + +&#x200B; + +# 3. The music for SHFs stops playing long before the float is DRS'ed. + +I think this is the most important point of this post: we don't even need to hit the full 35M of free float registered to apes. The scramble to close short positions will begin long before that, as *public* information will soon indicate that the short interest is untenable. + +* Even based on the 'official' ORTEX numbers – which are probably an understatement – there are currently **19.4M** shares on loan (see [https://www.reddit.com/r/Superstonk/comments/tg9yw3/100\_utilization\_day\_27/](https://www.reddit.com/r/Superstonk/comments/tg9yw3/100_utilization_day_27/) ). We've been at 100% utilization for 27 days in a row now. Borrowing fees start to (finally!) climb. And this is just the 'classic', old-school short position, without any fuckery of hiding short positions in option plays or swaps or FTDs or other synthetics. This 19.4M loaned shares is the absolutely *most conservative, minimum estimate* we can work with. +* Many ppl have argued that the loaned shares in fact come from institutions, not retail. This is true, but doesn't change the point that to close a short position (in the traditional sense), shares have to be bought back out of free circulation, i.e. from the free float. + +Some maths: + +&#x200B; + +**35M float - 9.9M DRS'ed - 19.4M loaned = 5,7M shares** + +&#x200B; + +Yes, that's right: just 5.7M shares are the current *officially* available room for maneuvering for SHFs. Without creating synthetics and naked shorting, this is the gap that they still breathe through, and it's closing relentlessly. Of course, short selling shares loaned from institutions inherently increases the free float size: every shorted share is owned twice (by the original owner and by whoever bought the short-sold share). Yet to close a short position, the share has to be bought back – generally from the float, although institutions and insiders can also sell with some restrictions. + +&#x200B; + +With the 'officially admitted' ORTEX short interest of \~21%, we would be firmly in a short squeeze danger zone for SHFs *even in the absence of DRS*. But by DRS'ing, apes have effectively reduced the free float size by almost 30% and professionals out there know this very well. Given this, even based on the official ORTEX numbers (which, again, are likely an understatement and ignore any and all synthetics in circulation – they're just what SHFs "admit to"), we are currently at **around 50% short interest** effectively. In any normal stock, that's smack in the death zone for shorts, with a massive "GTFO WHILE YOU STILL CAN" sign right above everyone's head. Remember, the Volkswagen squeeze set off with just 12% short interest, because Porsche announced control of 74.1% of shares, with another 20% locked by the German state of Lower Saxony. GME is fast approaching a similar situation where the available shares are simply too few to even close the officially admitted-to short positions. + +&#x200B; + +\--- + +**Edit2:** u/civil1 commented below ([https://www.reddit.com/r/Superstonk/comments/tgoemz/comment/i13ire7/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/tgoemz/comment/i13ire7/?utm_source=share&utm_medium=web2x&context=3)) raising two very important points. + +1rd, restricted stock units may exceed 10M so that the true outstanding shares are reduced by that much. See this post by u/bpiraeus : [https://old.reddit.com/r/Superstonk/comments/tgm7g5/hot\_take\_weve\_been\_wrong\_this\_whole\_time\_weve/](https://old.reddit.com/r/Superstonk/comments/tgm7g5/hot_take_weve_been_wrong_this_whole_time_weve/) . I have no clue if this is correct, but it's certainly interesting and it would significantly spice up all the back-of-an-envelope math above. + +2th, u/civil1 refers to open trading windows for insiders, pointing out that they probably couldn't buy in during the previous weeks, but probably can do so for the next few weeks. + +\--- + +# 4. We will see more red before we see green + +Several very savvy TA apes have predicted weeks ago that we might stay in a bearish channel until we retrace to around 50 USD per share. Over the past days and weeks, shorts have done their best to hammer the price down, and with a drying up order book due to illiquidity, volatility will increase and short- and options-driven price pressure will have more effect. This is not FUD, but I think we should mentally prepare to see 50 USD or slightly below once more. I for one have my strategically placed limit buys ready... + +&#x200B; + +...because I expect GME to f\*cking soar like a phoenix shortly thereafter and to blow through previous ceilings, very probably into MOASS territory. + +&#x200B; + +# 5. Let's keep up the pressure. Also, let's chill. + +If you made it this far, I hope that the numbers convince you that today's DRS-related news are really, really good and that apes have successfully been boxing SHFs into a corner. The game hasn't changed for us: if we keep up and increase our (buying) pressure, something's going to give, and rather sooner than later. One of these days, one single share purchase though CS may be the final straw that breaks the camel's back. In context, today's numbers tell us that we're closer than many of us probably realise. + +&#x200B; + +See. you on the moon, everyone! + +&#x200B; + +*Edit:* I'm an idiot who cannot format good. +https://www.cnn.com/2019/03/03/investing/stocks-week-ahead-bull-market/index.html + +New York (CNN Business)1. Ten years gone: In March 2009, the US economy was in the midst of the Great Recession. + +The government had just reported that more than 650,000 jobs were lost in the prior month. The Dow and S&P 500 were each down more than 50% from their October 2007 peaks. + +And there seemed to be no end in sight to the doom and gloom on Wall Street and Main Street. +So, I invented a killer strategy. Experimenting with it, I tried researching it online, and it turns out some other smart feller already done thunk it up. Even gave it a name - Reverse Gamma Scalping. + +The idea is: I sold a strangle. It started at approximately 0 net delta. As the underlying, for instance, creeps up toward the short call, the Delta starts going negative. To counteract the increasing net loss on the call (increase in the call's value), I purchase shares of the underlying to reset Delta to 0. The ultimate goal is to ensure that if the call makes it into the money, I have some number of shares ready to fulfil assignment purchased at prices much lower than the market. + +Of course it works going the other way as well, short selling shares as it heads for the put. + +My question is if anyone else has experience with this strategy. How often do you balance the Delta, hourly? Daily? When it reaches a certain threshold? + +What are the potential gotchas of this strategy? + +So far it seems to me you can burn a little profit because you tend to end up buying the shares high and selling them low, so that's why I think there must be a sweet spot/best practice for making the adjustments. +Having quite randomly decided to buy a lotto ticket yesterday, I woke this morning to learn I had won £150. While I, like many people, have extensive and prudent daydreams about what I'd do if I won a million or more, I hadn't considered what I'd do with a small sum like this. My heart says I should spend it all on a nice dinner with my partner, or perhaps a decent haircut and colour (which I love, but usually struggle to justify spending £100+ on). I have my emergency fund covered etc and can't really countenance the idea of doing something truly boring with it or watching it disappear into my pension pot. + +What would you do in this situation? +So if according to Blackberry there hasn't been any fundamental changes in their portfolio then what's causing the surge in their stock? If there really isn't anything behind this escalation then surely very soon the price will come crumbling down again. Mind you I've only started investing a month ago so some things are still very confusing to me. I'm not complaining specially since I bought 10 shares at $8.50 and now each at $31.50. +Hi all, + +New on the forum, thought I'd ask for some advice. + +I am Europe based, 31 years old, have recently been promoted to a leadership position in a small private equity company, making c. 150-300k and per year, depending on the year. + +We have a small family business, making 200k in net cash flow per year, but with low scalability. +I have always dreamt of being an entrepreneur, and I am tempted to jump into the family business and aim to grow it through small acquisitions in a number of fields. The aim would be to create a "mini berkshire" model where I create a holding company which acquires small and medium sized businesses. +I have additionally already got some commitments from friends&family type investors who could participate in the first acquisition by a few hundred k. + +I do not enjoy my current job and do not see myself working in high finance, however when I raise my hopes/plans to people close to me, they all seem to think this plan is crazy and that Im reckless in leaving my cushy job. + +Any words of encouragement from the forums entrepreneurs? Or discouragement for that matter. + ✅ 600k MCAP + +✅ DOXXED DEV + +✅ 1% of daily traded volume is donated to community’s charity of choice! + +✅ Marketing network being built + +✅ DEV FUNDS LOCKED, LIQUIDITY LOCKED + +⏳ AMA this weekend + +⏳ Smart Contract to be audited by TechRate.org immediately and results will be announced. + +**Charitas** (the latin root of charity) is a DeFi protocol built with the vision of democratising charity to encourage transparency, honesty, and the effectiveness of charitable initiatives. + +They essentially capitalise on the large trading volumes of meme tokens and have 1% of the transaction fee be collected to be donated to the community of choice. + +There will be a voting app which will be launched, and Charitas holders will vote on which charities are to receive donations from the Charitas Fund. 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It is not an afterthought, but rather the main focus. + +\- Charitas is already working on highly marketable partnerships with foundations. + +\- More coming today and we're just getting started! + +\- Impressive website at [https://charitas.fund/](https://charitas.fund/) + +\- Discord, Twitter, Telegram, Reddit are all gaining traction! + +\- Even has **LinkedIn** as well! + +\- **VERY IMPRESSIVE WHITEPAPER** on their website just proves they're here to stay for the long term! + +Want to donate to charity? This can be an option 😉 + +Want to buy another meme coin? This is also another option 😉 + +**Trade here!** + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6466849a30247d90f0c228a6c4b6b106ff18cab9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6466849a30247d90f0c228a6c4b6b106ff18cab9) + +**Just look at how bullish this chart is** + +[https://poocoin.app/tokens/0x6466849a30247d90f0c228a6c4b6b106ff18cab9](https://poocoin.app/tokens/0x6466849a30247d90f0c228a6c4b6b106ff18cab9) +(Bloomberg) -- MicroStrategy Inc. founder and Chief Executive Officer Michael Saylor’s big bet on Bitcoin has backfired in a major way as the paper loss for his firm’s holdings of the largest digital asset has reached roughly $1 billion. + +Most Read from Bloomberg + +* [China Alarms US With Private Warnings to Avoid Taiwan Strait](https://www.bloomberg.com/news/articles/2022-06-12/china-alarms-us-with-new-private-warnings-to-avoid-taiwan-strait?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +* [Stocks’ Pandemic Bull Run Ends With Recession Fear: Markets Wrap](https://www.bloomberg.com/news/articles/2022-06-12/inflation-thunderbolt-primes-stocks-bonds-for-more-volatility?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +* [Crypto Market Sinks Below $1 Trillion After Latest DeFi Blowup](https://www.bloomberg.com/news/articles/2022-06-13/bitcoin-sinks-to-18-month-low-as-us-inflation-impact-spreads?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +* [Bond Yields, Dollar Surge With Fed Bets as Recession Risk Grows](https://www.bloomberg.com/news/articles/2022-06-13/a-fed-rate-hike-of-75-basis-points-is-a-done-deal-for-traders?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +* [Crypto Debacle at Celsius Rattles Market Already Shaken by Terra](https://www.bloomberg.com/news/articles/2022-06-13/crypto-lender-celsius-freezes-withdrawals-fueling-market-rout?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) +