diff --git "a/reddit_finance_43_250k_257.txt" "b/reddit_finance_43_250k_257.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_257.txt" @@ -0,0 +1,10000 @@ +[/u/Kaiser1a2b](https://www.reddit.com/u/Kaiser1a2b/)/ sad NBN Co [https://www.reddit.com/r/Superstonk/comments/u15h3q/aussies\_ever\_wonder\_why\_nbn\_is\_so\_shit/](https://www.reddit.com/r/Superstonk/comments/u15h3q/aussies_ever_wonder_why_nbn_is_so_shit/) + +========= + +[/u/Weedbro](https://www.reddit.com/u/Weedbro/)/ said KLM Air France [https://www.reddit.com/r/Superstonk/comments/u00viu/another\_big\_company\_ruined\_because\_of\_bcg\_klm\_air/](https://www.reddit.com/r/Superstonk/comments/u00viu/another_big_company_ruined_because_of_bcg_klm_air/) + +========= + +[/u/dweir82/](https://www.reddit.com/user/dweir82/) said Wollworths [https://www.reddit.com/r/Superstonk/comments/u1821g/bcg\_partner\_amitabh\_mall\_joins\_woolworths\_in/](https://www.reddit.com/r/Superstonk/comments/u1821g/bcg_partner_amitabh_mall_joins_woolworths_in/) + +========= + +[/u/bakedbeansandwhich/](https://www.reddit.com/user/bakedbeansandwhich/) said Telefonica [https://www.reddit.com/r/Superstonk/comments/u16ns2/bcg\_connection\_with\_telefonica\_a\_company\_with/](https://www.reddit.com/r/Superstonk/comments/u16ns2/bcg_connection_with_telefonica_a_company_with/) + +=========[u/WHITE--PANTHER96](https://www.reddit.com/user/WHITE--PANTHER96/) said BCG has some sister companies in France. [https://www.reddit.com/r/Superstonk/comments/u15vfu/bcg\_has\_some\_sister\_companies\_in\_france/](https://www.reddit.com/r/Superstonk/comments/u15vfu/bcg_has_some_sister_companies_in_france/) + +======[u/HeRdERay](https://www.reddit.com/user/HeRdERay/) said US Covid related contracts awarded to BCG [https://www.reddit.com/r/Superstonk/comments/u16rb5/us\_covid\_related\_contracts\_awarded\_to\_bcg/?sort=top](https://www.reddit.com/r/Superstonk/comments/u16rb5/us_covid_related_contracts_awarded_to_bcg/?sort=top)====== + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) said This guy is connected to State Street, a European investment firm with half a trillion in assets, the Mercatus Center AND BCG [https://www.reddit.com/r/Superstonk/comments/u17pb6/this\_guy\_is\_connected\_to\_state\_street\_a\_european/](https://www.reddit.com/r/Superstonk/comments/u17pb6/this_guy_is_connected_to_state_street_a_european/) + +====== + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) BCG influencing Saudi Arabia [https://www.reddit.com/r/Superstonk/comments/u17f96/im\_sure\_this\_is\_fine/](https://www.reddit.com/r/Superstonk/comments/u17f96/im_sure_this_is_fine/) + +=========[u/Maleficent-Rub-4805](https://www.reddit.com/u/Maleficent-Rub-4805/) found **a link between BCG consulting and Npower UK** [https://www.reddit.com/r/Superstonk/comments/u15frp/ive\_found\_a\_link\_between\_bcg\_consulting\_and/](https://www.reddit.com/r/Superstonk/comments/u15frp/ive_found_a_link_between_bcg_consulting_and/) + +=========[u/Super\_Share\_8721](https://www.reddit.com/u/Super_Share_8721/) found NY Gov Cuomo hired BCG [https://www.reddit.com/r/Superstonk/comments/u1aowb/its\_a\_bold\_strategy\_cotton\_lets\_see\_if\_it\_pays/](https://www.reddit.com/r/Superstonk/comments/u1aowb/its_a_bold_strategy_cotton_lets_see_if_it_pays/) + +========= + +[u/Upstairs\_Sense2437](https://www.reddit.com/u/Upstairs_Sense2437/) found BCG firms in Romania[https://www.reddit.com/r/Superstonk/comments/u15mn0/bcg\_firm\_in\_romania\_shady\_af\_headquarters/](https://www.reddit.com/r/Superstonk/comments/u15mn0/bcg_firm_in_romania_shady_af_headquarters/) + +=========[u/lxUPDOGxl](https://www.reddit.com/u/lxUPDOGxl/) found BCG is attacking AUstralia [https://www.reddit.com/r/Superstonk/comments/u11q33/bcg\_also\_fucking\_australia/](https://www.reddit.com/r/Superstonk/comments/u11q33/bcg_also_fucking_australia/) + +========= + +[u/Independent-Ad4660](https://www.reddit.com/u/Independent-Ad4660/) found **Department of Veteran Affairs** [https://www.reddit.com/r/Superstonk/comments/u16jd0/if\_you\_know\_anything\_about\_the\_department\_of/?sort=top](https://www.reddit.com/r/Superstonk/comments/u16jd0/if_you_know_anything_about_the_department_of/?sort=top) + +========= + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) found BCG, Microsoft, the NYSE and Starbucks (lol) partnered to make a crypto exchange/wallet in 2018. They are financially connected to each other. Citadel, point 72 and Apollo all have ownership of the company.[https://www.reddit.com/r/Superstonk/comments/u0z1iy/bcg\_microsoft\_the\_nyse\_and\_starbucks\_lol/](https://www.reddit.com/r/Superstonk/comments/u0z1iy/bcg_microsoft_the_nyse_and_starbucks_lol/) + +========= + +[u/itsabittricky](https://www.reddit.com/user/itsabittricky/) found BCG attacked **Sri Lanka** [https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody\_watching\_the\_news\_of\_sri\_lankas\_crumbling/](https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody_watching_the_news_of_sri_lankas_crumbling/) + +============= + +that's all for now, as of 3:21pm EST on April 11, 2022 + +============ + +[/u/packof18](https://www.reddit.com/u/packof18/)/ found World Wildlife Fund for Nature WWF [https://wwf.panda.org/act/partner\_with\_wwf/corporate\_partnerships/who\_we\_work\_with/boston\_consulting\_group/](https://wwf.panda.org/act/partner_with_wwf/corporate_partnerships/who_we_work_with/boston_consulting_group/) and + +[https://www.case48.com/bcg-case/17907-World-Wildlife-Fund-for-Nature-WWF](https://www.case48.com/bcg-case/17907-World-Wildlife-Fund-for-Nature-WWF) + +========= + +[/u/Successful-Visit-833/](https://www.reddit.com/user/Successful-Visit-833/) found Lego [https://www.bcg.com/publications/2017/people-organization-jorgen-vig-knudstorp-lego-growth-culture-not-kid-stuff](https://www.bcg.com/publications/2017/people-organization-jorgen-vig-knudstorp-lego-growth-culture-not-kid-stuff) + +========= + +[**Gmatoshenriques**](https://www.reddit.com/user/Gmatoshenriques/) said Ralph lauren + +[https://www.retaildive.com/news/ralph-lauren-unloads-club-monaco-to-private-equity/600122/](https://www.retaildive.com/news/ralph-lauren-unloads-club-monaco-to-private-equity/600122/) + +Former BCG consultant: + +[https://careers.bcg.com/blogarticle/fashion-industry-consulting](https://careers.bcg.com/blogarticle/fashion-industry-consulting) + +======== + +[/u/augh17/](https://www.reddit.com/user/augh17/) said Activision/Blizzard[https://imgur.com/a/IYx6pRx](https://imgur.com/a/IYx6pRx)[https://www.case48.com/bcg-matrix/5569-Activision-Blizzard-Inc](https://www.case48.com/bcg-matrix/5569-Activision-Blizzard-Inc) + +=============================== + +And it seems BCG is currently attacking Burger King and Subway... + +If you have anymore names, please share. + +\-------------- + +[**Corporal\_Retard**](https://www.reddit.com/user/Corporal_Retard/) **said** + +Revlon + +[https://www.reddit.com/r/Superstonk/comments/vaej63/boston\_consulting\_group\_bcg\_hired\_by\_revlon\_plans/](https://www.reddit.com/r/Superstonk/comments/vaej63/boston_consulting_group_bcg_hired_by_revlon_plans/) + +\------------------- + +[**Duluh\_Iahs**](https://www.reddit.com/user/Duluh_Iahs/) **said** + +FedEx [https://www.case48.com/bcg-matrix/12665-FedEx](https://www.case48.com/bcg-matrix/12665-FedEx) + +\---------------- + + [**wboard**](https://www.reddit.com/user/wboard/) **said** + + Carvana [https://www.case48.com/bcg-matrix/4917-Carvana-Co](https://www.case48.com/bcg-matrix/4917-Carvana-Co) + +\---------------- + +[**CopperSavant**](https://www.reddit.com/user/CopperSavant/) **said** + +Harley Davidson... Black and Decker [https://explorer.loopring.io/nft/0xfa76205369a116f3a8df967f148ae55948c5eab7-0-0x70870abdc3566f2d7d5b5836121a9c9a22af7232-0x0c0ced630d2db9a7ed114c3e9981a849684d82101dfac59108b03902f38a59dc-10](https://explorer.loopring.io/nft/0xfa76205369a116f3a8df967f148ae55948c5eab7-0-0x70870abdc3566f2d7d5b5836121a9c9a22af7232-0x0c0ced630d2db9a7ed114c3e9981a849684d82101dfac59108b03902f38a59dc-10) + +\---------------- + +[**TimelessBaller**](https://www.reddit.com/user/TimelessBaller/) **said** + +In the middle east too + +[https://www.reddit.com/r/Superstonk/comments/ue65fd/a\_friend\_told\_me\_lebanon\_has\_been\_going\_through\_a/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ue65fd/a_friend_told_me_lebanon_has_been_going_through_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +\---------------- + + [**Freadom6**](https://www.reddit.com/user/Freadom6/) **said** + +Pizza Hut + +[https://www.reddit.com/r/Superstonk/comments/u0whz1/moar\_bcg\_connections\_former\_bcg\_project\_leader/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/u0whz1/moar_bcg_connections_former_bcg_project_leader/?utm_medium=android_app&utm_source=share) + +\---------------- + + [**n8bman**](https://www.reddit.com/user/n8bman/) **said** + +**behind the scandal at Swedens hospital - New Karolinska** + +[https://www.reddit.com/r/Superstonk/comments/tmrw9p/boston\_consulting\_group\_were\_the\_people\_behind/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/tmrw9p/boston_consulting_group_were_the_people_behind/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +\---------------- + + [**1970Westyvibes**](https://www.reddit.com/user/1970Westyvibes/) **said** + +T-Mobile + +[https://www.case48.com/bcg-matrix/6190-T-Mobile-US-Inc](https://www.case48.com/bcg-matrix/6190-T-Mobile-US-Inc) + +\---------------- + + [**JMRregister**](https://www.reddit.com/user/JMRregister/) **said** + +BCG leveraging a coordinated sales website to obtain internal business data and strategies of United Airlines, Northwest Airlines, Continental Airlines, Delta Air Lines and American Airlines. + +[https://www.nytimes.com/2000/05/20/business/airlines-site-is-under-inquiry.html](https://www.nytimes.com/2000/05/20/business/airlines-site-is-under-inquiry.html) + +[https://www.wsj.com/articles/SB947725431349966671](https://www.wsj.com/articles/SB947725431349966671) + +\---------------- + +&#x200B; + +This is not financial advice. I buy, I hold, I like to move it move it. +I do realise nobody cares about my stupid life story, so I will try to make it as short as possible.My life is not exactly easy, I had to overcome and somehow survive lots of extremely difficult life situation including being homeless when I was barely 17 and had to run away from home (...) + +Because I had no roof over my head, I had to drop school and since my stepbrother wanted to kill me (because I reported my mother to the police when I discovered she faked my signature and withdrawn my saving I couldn't withdraw before I was 21). I moved to Hungary as it was cheaper to live there. I lived and worked there for 2 years, saved enough money and moved to the UK - to South Wales where I also managed to find a job pretty much very quickly without problems. + +After a year in the UK, I wanted to do complete my education and be able to find a qualified job and just have a normal quiet life one day, but no university would accept me except the Open University. I did two years there, managed to get very good grades even I was doing night shifts and since I never had a chance to study 'normally' I transferred credits to a brick university and this is where I got myself into troubles again. + +When I was accepted by 4 out of 5 universities I was so happy and excited, even that Cardiff wasn't one of them and I had to move. After lots of research and sleepless nights, I decided to move to Bangor as it's one of the best student-rated university in the UK. I couldn't wait to go there, but I couldn't be more wrong. + +As I lived in the UK on the 1st of Septemeber only 2 years and 50 weeks, I can't get maintenance loan like others, because it would have to be 3 years and although I expected it won't be easy to find a job here, it's basically impossible even in cities 30 miles around. + +I'm running critically out of money now, the money support couldn't care less until somebody from the SU was there with me and all I can get is a bursary for poor students in March, but I won't survive until than. I'm waking up every day from 6 am to check if somebody replied to one of my 100's job application and still nothing and I tried basically everything around. + +Although I was expecting it will be challenging but still enjoyable and fun, I end up in a huge class where I have no chance to get to know somebody (because it's the second year), out of money on no food days, unable to give it up and moved to a bigger city and left on mercy of financial how long they will be willing to wait with my rental payment. + +So... any advice? + + +**EDIT:** Wow, I really did not expect so many people will try to help and I don't even know what to say other than huge thank you to all of you, it means a lot to me. Thank you!  +I went through the comments and lots of people suggesting I should take a gap year and try it again next year or make a better choice of uni. To be honest, I thought about that but I was hoping I will be able to find something here for too long and if I will drop the uni now, they will ask me to move out from the student hall (I live at the cheapest one with shared showers) and I will have no place to go and I don't have enough money to move to bigger city because I wasn't ready to move twice.  + + +**Why didn't I wait one more year to be eligible for a maintenance loan?**  +Good question, it's because of Brexit and I have been told it will be **5 years** in the UK for EU students from next year, so I would have to wait 3 years.  +Guys I have been investing in dividend stocks for a while and when I started I did what I guess a lot of people do and chase the high yield. I have AT&T, Altria and Reality income to name a few. These are all great stocks and I would not sell them but now I'm always looking for a bit more of a mixture of dividend and growth. I now have companies like broadcom and Cisco that do not pay massive dividends ( around 3%) but I feel have good growth potential. I also feel that a growth company can also increase its dividend faster. What do you guys think and what dividend/growth companies do you recommend? +Source: https://www.nytimes.com/2018/06/25/business/harley-davidson-us-eu-tariffs.html + +> Last week, the European Union imposed penalties on $3.2 billion worth of American products, many of which are produced in areas that form the heart of President Trump’s political base, in response to steel and aluminum tariffs added by the White House... +> +> Harley-Davidson said on Monday that European Union tariffs on its motorcycles had increased to 31 percent, from 6 percent. It estimated that the higher tariffs would add about $2,200 on average to every motorcycle exported from the United States to the bloc, so it said it would move the production of bikes bound for Europe outside the United States. +This is something I’ve been thinking about a lot recently. I have a good salary and still some potential career progression possible but it feels like whatever I do, I won’t ever have the chance of being particularly wealthy. I save a good amount each month in a S&S Isa but I don’t see that ever really having a huge impact at least until I retire. + +Is the only way to become wealthy to start a successful business or get lucky with a risky investment? + +I know this could be read as ‘how do I get rich?’ which is a dumb question but I guess I’m really asking is, what strategies are available to people without loads of existing assets to build substantial wealth? I see large numbers of older generations with huge houses etc and wonder if it’s even possible for most of my generation to achieve that. +I've noticed an increasing amount of this sub advocating for enjoying our money along the way, instead of hoarding it all until 65 when we are potentially frail and unable to enjoy it. + +Without being financially irresponsible and ruining future prospects, what are our strategies to enjoy our earnings and gain experiences before we wither away? + +Are you factoring a holiday 2-3 years down the track into your budget? +Did you plan for covering housing/property/mortgage costs whilst you are away? Prepay payments? +Spontaneously buy that new jetski out of savings? +Splurge on that Toyota Camry Hybrid you've been eyeing off? + +Do you feel taking your 3-6-12 month holiday through Europe will not only pause your career, but also backtrack your progress? + +Even though you are gaining vital life experience, do you see the opportunity cost in these large transactions? + +Personally I prefer to save for specific purposes e.g. save for that new caravan instead of funding it with general savings/offset. Youth is the best time for career/financial growth, but it is also the best time for personal growth and experiences. As long as I am sticking to my budget and savings plan, I can live with these larger purchases. + +Tldr; wat plan spend many dollarydoo? No cry? +Due to the article that was written @bloomberg who somehow felt that ["WallStreetBets Bows to Crypto"](https://www.bloomberg.com/news/articles/2021-04-15/wallstreetbets-bows-to-crypto-wave-allows-bitcoin-discussion) + +Crypto discussion is banned indefinitely. I've read a lot of dumb articles written about wsb. This one takes the cake. + +P.S. Like always. Please be respectful. + +Edit: Sorry guys I really tried my best but other mods were about to mutiny over my decision to allow it. In life, we have to pick and choose our battles. For the sake of stability after all the drama, I decided to not fight this one for now. + +My position on crypto still stands. It's not going away. I personally am not into crypto but I understand that so many of you are. I don't like a lot of negatives relating to it but I've always been willing to adapt regardless. Half the sub is for it and half is against it (Honestly it's more that like it than those who don't). Both sides have very viable reasons that I have put a lot of thought weighing and fully considered both sides. I still think it is a good idea and I will continue to convince others that the right move is to allow for it in some form on here. Please be patient. I know some of you are upset and disappointed. For that, I apologize. I still think the title article is ridiculous because allowing crypto is definitely not bowing to it. +Other than any cash we hold not being worth as much and products becoming more expensive, what will this rise in inflation mean? Is there anything we can do to counter it? Do you expect it to rise further? And what is the impact on any investments? +Alright, I need to get this little lesson off my chest because someone on this Subreddit has been really annoying me. I usually don't go out of my way to do this but for some reason you want to constantly keep replying to my comment to reiterate that all my opinions are garbage. I'm not sure why you have to go out of your way to reply multiple times to the same comment to reiterate the same message but you do you mate. + +&#x200B; + +[Perfect Hedge](https://preview.redd.it/i9x33l6wffc61.png?width=1330&format=png&auto=webp&s=bf8183440a4dc94f737de2af969b65853b1dfe82) + +Alright on the chart above the green line represents a buy position and the red line represents a sell position. Let's say you took both positions at the same time using the same exact lot sizes. We refer to that as something called a perfect hedge because wherever price goes you're going to stay at net zero. However, you're not going to stay at net zero because things called SPREAD and COMMISSIONS are a thing. This means that by taking a perfect hedge you're actually costing yourself money for no apparent reason. Let's say you intend to cut the short once prices reaches 1.215 on EU. So why wouldn't you just set a buy order at 1.215 and call it a day since that way you wouldn't be literally doubling your expenses to take the trade. + +I've taken trades where I've had to pay about $200 in commissions to open a trade so why would I want to double it for literally 0 reason. I don't know about you but $200 is a lot of money and I would rather keep that money in my pocket rather than to fork it over to a broker for no apparent reason. I'm pretty sure my 4 year old niece could tell you why this is a bad idea but if you're literally so arrogant that you want to keep perfect hedging in Forex then go right ahead. To be fair there is one case instance when it's actually okay to perfect hedge in a sense but maybe I'll talk about that some other day. + +Hedging is used with the purpose of limiting your downside risk but it comes at the expense of limiting your upside. However, if you're limiting your entire upside and your entire downside then you're practically wasting your time. If you choose to hedge across different currency pairs or commodities then that can be a different story. For example, if you're long on Oil but you think there's a chance price might reverse so you open a long on USD/CAD in so if oil does go down then your trade on USD/CAD does go down then the trade on USD/CAD will cover some of that downside (USD/CAD was used since it has a strong negative correlation with Oil). If Oil continues to go up then your USD/CAD trade will get hit as a loss so you also limited your upside. This same logic applies to currency pairs with high correlations. + +You can also jump into the world of options and that opens up entire can of worms but let's just keep it simple today and only keep it to Forex. + +&#x200B; + +[Hedging?](https://preview.redd.it/8oytiw5zlfc61.jpg?width=1080&format=pjpg&auto=webp&s=2019d7427896a27d2642a6edd35d897a573808cc) + +So would anyone like to take a look at the picture above and point out what the person is doing wrong? + +THERE IS A PROPER WAY OF HEDGING AND THIS AIN'T IT CHIEF. + +If you want me to properly explain how to hedge then let me know and I'll try to make another post with its applicable uses and some case scenarios when you want to properly utilize it. +edit: **avoid losing money.** + +*Apologies for the typo on the heading.* + +**I've added links to other useful posts on both this sub and elsewhere on some topics. So be prepared to get sucked into a nice little rabbit hole of learning if you wanna get a great headstart.** + +**•Learn the [basics of cryotcurrency trading](https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners)** + +**•Make sure you know what the following basic crypto-related terms/abbreviations are:** + +ATH - All time High + +FUD - Fear, Uncertainty and Doubt + +FOMO - Fear of Missing Out + + [Market cap, Volume & Supply](https://www.reddit.com/r/CryptoCurrency/comments/lkwz2r/a_beginners_guide_to_market_cap_volume_supply/?utm_medium=android_app&utm_source=share) + + [Candlestick charts](https://academy.binance.com/en/articles/a-beginners-guide-to-candlestick-charts.amp) + +[Support and Resistance levels](https://academy.binance.com/en/articles/the-basics-of-support-and-resistance-explained.amp) + +[Relative Strength Index](https://www.google.com/url?sa=t&source=web&rct=j&url=https://academy.binance.com/en/articles/what-is-the-rsi-indicator.amp&ved=2ahUKEwj4l_-w64rwAhWKyYUKHQzQC98QFjAAegQIBBAC&usg=AOvVaw1pF1FBG0gmqDeEuzoSM-ID&ampcf=1) + +[Moving averages](https://www.google.com/url?sa=t&source=web&rct=j&url=https://academy.binance.com/en/articles/moving-averages-explained.amp&ved=2ahUKEwiwk7XB64rwAhXyz4UKHTNABO8QtwIwAHoECAcQAg&usg=AOvVaw2tk232D0JPL6Ow3Gh7Ff0h&ampcf=1) + +[Dollar cost averaging (DCA)](https://www.google.com/url?sa=t&source=web&rct=j&url=https://academy.binance.com/en/glossary/dollar-cost-averaging%3Famp%3D1&ved=2ahUKEwjItbzn64rwAhXJzoUKHVV0BAgQFjAAegQIBBAC&usg=AOvVaw2XS5z0-tFBL8On8KCxCkSE&ampcf=1) + +And many more. + + +**•Learn how to use your exchange app.** Seriously, make sure you understand all the basic tools in your exchange app. + + +**•Learn about [market cycles](https://cryptopotato.com/what-are-crypto-market-cycles/).** It's basically a term referring to long-term price pattern used when technically analysing price of cryptocurrencies. Market cycles are a long-term price pattern used when technically analysing price of cryptocurrencies, stocks or fiat currencies. The theory of market cycles is incredibly prevalent in cryptocurrency, with Bitcoin's price succinctly completing a full cycle no less than five times in its ten year history. During a cycle, some securities or asset classes outperform others because their business models aligned with conditions for growth + + +**•Don't chase hype.** [ Avoid FOMO](https://www.reddit.com/r/CryptoCurrency/comments/kt6a4h/fomo_traps_to_avoid_beginner_guide_with/?utm_medium=android_app&utm_source=share) (fear of missing out) traps. Don't believe everyone who is shilling a coin. Always remember the adage: “If the shoe shine boys are giving financial advice, then it’s time to get out of the market." Practice DD (Due diligence). Don't ever chase a coin that's gone up so much. Never consider a miss out on potential profits as loss. Always do your own research (DYOR). + + +**•The market is not always like this.** Right now, it's a very volatile and bullish market. A lot of all these gains you see are not normal. + + +**•Please only invest money you are willing to lose.** Don't take out a loan, use rent money or other funds you can't afford to lose. No, seriously, there literally can't be any reasons to ever go against this rule. Ever! Only. Invest. What. You. Can. Afford. to. Loose. + + +**•Low cap coins, lets say anything not in the top 50 by circulating market cap, come and go like the wind.** These projects rarely stay around, they often can’t launch products, and most die a slow death on exchanges as founders and early investors dump them to zero drying up any liquidity that is there. Becareful with them and do a very thorough research before investing in anyone for the long term. Again, always DYOR. + + +•**Absolutely don't touch margin trading/leverage/futures/options unless you are a pro at all of the above.** Otherwise stay put in the relatively simpler world of spot trading. + + +**•Don't ever feel bad for for investing with small amounts, any amount is good; it will help you to learn.** No one cares if you've invested $100 or $1m. What matters is that you've taken a step for your future self, from which most of people are disconnected. No, this is no joke. [FMRI studies](https://www.researchgate.net/publication/51738840_Future_self-continuity_How_conceptions_of_the_future_self_transform_intertemporal_choice) suggest that when you imagine your future self, your brain does something weird: It stops acting as if you’re thinking about yourself. Instead, it starts acting as if you’re thinking about a completely different person. So when you make plans for your future by investing even just a small amount in crypto, you've successfully broken that barrier and actively planned on your own behalf to create a better world and a better life for your future self. No one should make you feel anything but proud of this. + + +**•Your goal in long term investments are the high cap coins.** The top 30, 20, or more preferably top 10 that have been around for a while. Or other altcoins whose projects you've done diligent research on and truly believe they'll grow immensely and contribute to the crypto sphere and tech in general. + + +**•[Learn to spot pump and dumps (PnDs)](https://www.reddit.com/r/CryptoCurrency/comments/lb4zsv/with_the_recent_influx_of_new_users_i_decided_to/?utm_medium=android_app&utm_source=share) and runaway from them!** Also, learn strategies for recovering from these dangerous schemes if you've fallen for one. Trust me, greed and high-risk will not help you recoup your losses. + + +**•Whatever low experience, always remember there are thousands of skilled traders out there today who've experienced the same and even worse.** Trust me, you'll recover. + + +**•Never place all your trust on Technical analysis alone.** They can disappoint you like that highschool friend that always never stood up for you especially when the bullies (whales) showed up to deal with you. They're also almost pure horseshit when dealing with low cap coins. + + +**•Understand [basic trade psychology](https://www.google.com/amp/s/academy.binance.com/en/articles/the-psychology-of-market-cycles.amp)**, especially during uptrends and downtrends. And always keep an eye out for potential cognitive biases like confirmation bias, loss aversion, endowment effect and others that may greatly influence your decision making. + + +**•If you're not willing or ready to commit yourself to a lifetime of learning, you shouldn't be trading or investing in cryptocurrencies.** + + +Bonus: Don't forget to always help out other newbies when you've become more accustomed to the market. And never forget: **You were once at the bottom looking at the top for advice. Humility is king!** + + +Any other tips would be very much appreciated. + +*Edit: To everyone that have commented so far, thanks for all the additional tips! And to the newbies, I'd suggest you go through the comments to see the additional priceless gems contributed by others. Definitely worth your time!* +I live in the south east and for the last 2 years we have been trying to buy a house. We have had 3 failed purchases at different stages, here is what I have learnt. + +Find a broker (these are free) for your solicitors and one that will give you a buy one get next one on them, this is for both the local search’s and building survey. Make sure you check if these expire, preferably get one that does not expire. + +The reason I say a broker is because they will place you with a solicitor who best fits your needs, and does not have too many purchases running at the same time. + +As much as parties try to push you, do each stage 1 at a time. This is where our first time failed. + +We got our mortgage approved, we were encouraged to pay for the local searches while the mortgage did the valuation to keep to process going as quick as possible, but long story short is the bank wouldn’t lend without lots of caveats and the sale fell through. 2 weeks after we got the local search’s through. it then took us too long to find another house and the “free” local search offer had expired. So £350 wasted. + +The order we processed with our purchases has been. + +- Mortgage offer +- Mortgage searches +- Building survey +- Local Searches + +The reason for this is in my experience each stage down the list the likelihood of issues arising goes down. + +Always get a full building survey. Our 2nd purchases fell through because of movement on the property. Long story short here is that we tried to negotiate at structural engineer to check it and the vender refused and just wanted to take 10x the cost of a engineer off the house price. Sounded to suspicious and we walked away. We had gone with a broker this time who had a unlimited time limit on the next building survey, £700 safe for next time. But this wouldn’t have been picked up on just a homebuyers report. + +Next thing is, as hard as it is, never get too excited, after mountains of paper work, “free” survey, £350 local search’s and 4 months of waiting. Our 3rd purchases fell through because the vendor “changed their mind” just before exchange, no penalty to them. + +For our next purchases our circumstances had changed and so had a better rate and we could borrow more so we had to go with a new lender. + +This is where the broker came into their own, we could no longer use the solicitor we had used for the last 2 attempts as they couldn’t process mortgages for our new lender, within a hour they got back to us with a new one, this new solicitors were absolutely amazing and I wish we had them for all of our other purchases. + +So for our 4th attempt everything was going well, we had a free local search but had £700 for a building survey to pay out for. We were told early March we would be able to exchange in a weeks time...... then lockdown happened and our hearts sank at the idea this will stall and fall through. That was up until about 2 weeks ago when we were told that the chain was ready to move, but because of the current climate we need to exchange and complete on the same day. So we send our life savings to our solicitors with no concrete confirmation we actually have a house, handed our notice in on our rented flat and just sit tight. Then 2 days ago we got the keys to our house. We have decided to let it sit and then clean it down before moving in because of the virus. + +We also now have to move with me and my partner while entertaining a 14 month since we can’t get the help from friends to move, we do have 3 weeks and we will do it no matter how hard it will be. All that matters is we finally have a home for our family. + +No matter how disheartened you get about finding a new home, hold in there, England’s house buying systems is so broken it’s hard to make sense of but you will get it, we now have a house and it is the best one out of the 4, we would have a forever home that 2 years ago was out of reach and would have meant we would have had to get a bigger house once we out grew it. + +Edit - spelling + +Edit 2 - just to clarify, we did use a mortgage broker, he cost £400 and did all 4 application for 1 fee and was an amazing guide for us, the broker I am talking about here is a broker to find solicitors and chartered surveyors +I just inherited approximately $50,000 and I was planning to put it into SPY. But I looked at QQQ and noticed that it has better returns over longer time periods. SPY beats it over the last year, but QQQ does better over the last 2 years and does better and better the further back you go. + +Since this is more of a long-term investment for me (won't need to touch it for at least 5 years), is QQQ the better play? Are there other ETFs that people like more? + +Thanks! +Over a month ago now, I asked the reddit community to help get me some contact with blockchain.info to report a bug, as I had been ignored for 6 solid months by them. You helped me (at least initially) report two bugs which were fixed, and a small bounty paid out to myself (writeup is in the comments). + +http://reddit.com/r/Bitcoin/comments/1n57uj/im_attempting_to_reach_a_security_contact_at/ + +Unfortunately their old ways have returned, and they're now back to ignoring my emails. My current conversation with them involves a statement on their wallet homepage saying that their wallets server side scripting is open source to allow for auditing, only it isn't. When I initially wrote to them it was because their "open source" was 8 months out of date, in response all of my further emails have been ignored and the repo deleted from github. + +https://github.com/blockchain/Java-Bits/blob/master/WalletServlet.java + +Why does this matter? It's not really about any particular security issue, but the way in which they are treating the people reporting bugs to them. No doubt if this post is upvoted, they'll be in the thread assuring everybody that my emails (4 over a month now) were just misplaced (ED: yep! they never got the original ones, and chose to ignore my second set). + +I have concerns about the amount of information they are storing on My Wallet users as well. Their homepage claims that minimal information is stored, but they are in my opinion storing a lot more, and attempting to make connections between the contents of a wallet and particular addresses. There's no way of telling because they've removed the server's source from view. + +There's a number of instances where data is intentionally leaked from a client-side wallet, and some cases where they must be storing address data to give particular results. I'm happy to give more information on these if requested. + +**Be extremely careful, and if you're storing more than 0.1BTC there, I suggest you move it as soon as possible. These people do not take your security or privacy seriously.** + +************ + +Thanks for reading. + +EDIT: The underwhelming response http://www.reddit.com/r/Bitcoin/comments/1qrc0t/update_writeup_im_attempting_to_reach_a_security/cdfns4q + +I moderate WSBN discord, and I got this message today. + +Just wanted to share it with you all for confirmation bias. + +https://preview.redd.it/cm2044mn06w61.png?width=921&format=png&auto=webp&s=764e7f29dc21c4fb595b34527bbce97f28d0a9f5 + +&#x200B; + +https://preview.redd.it/6bxv758016w61.png?width=1032&format=png&auto=webp&s=cf4d6cce7a6a0e02ea4f0b63035c23300a92fadd + +Edit: Removed name from photos to prevent people from contacting him and further spreading FUD. + +&#x200B; + +Shills are back to their regular shit. + +Buy and hold baby, Moon Soon. + +&#x200B; + +\-NFA +Hi y'all, + + +I noticed a whole lost of posts recently mentioning common cliches about "buying the dip", "blood in the streets" and else. + + +From the answers, upvotes and comments consisting 99% of "maxing out s&p/vwce". And 95% of commentators bullish attitude of still buying. (numbers are purely made up, but try it yourself - go to any "blood in the streets" post and see upvotes and comments) + + +People like to mention "everyone" who "panic sells" and "gets the process wrong". Yet, everyone I see from upvotes, comments and answers - all bullish. + + +Who are all those "panic sell" people that you mentioning? Have you met or seen any? I haven't. Yet, the most common statement I see is "everyone is panic selling, but I am buying". + + +Let me know your thoughts. +You will not make money trading. I'm sorry but for more than half of the people reading this you will not make money. + +90% of traders lose money. Only a very very small proportion consistently profit. + +Here are some tips if you are struggling: + +1. Manage your risk. +2. Accept mediocre gains. +3. Dont trade too much. + +**Risk** + +If you ever enter a trade without a stop loss(if applicable) or an exit plan in place, you have already lost. + +**Mediocre Gains** + +Any. Absolute any. And I mean ANY. Gain is better than a loss. Too many traders try to make 10% in one day and blow their account. Here's a protip, 1% every day for a month will net you 40% IN ONE MONTH. even 1% daily is unrealistic however. + +My point is, if you are up for the day even if it's only 0.25% just leave it at a gain. Better to be up 0.25 then down 0.1 + +**Trade Volume** + + +With the recent push for removing options commissions thats nice and all but I trade futures so no dice. If you are trading on a platform that has commission you must account for this in every single trade. You can't enter random trades on a moments notice. You must plan your stop loss, target and commissions. + +Nowadays commissions are ridiculous. Especially on futures. For now this is how it is and if you want to be successful you need to plan for this. + +This also ties into my second point. Don't get greedy. I'd rather take 100 modest gains than 2 big gains and 5 big losses. + + + + + +I'm kinda dumb but I consistently make money on futures so take this as you willl. +I mean, overstock.com is cool and all, but one can only buy so many shower curtains and leather travel cases. + +It blows my mind that companies like amazon or Walmart are not accepting cryptos yet. What are they waiting for? +***I am not your financial advisor and I am not in the same situation as you. This is not financial advice, but mostly my opinion about my situation only!*** + +"Basically you said you don't trade, but on the comments here you are accusing others for not trading too. + +Basically you said you are disappointed with dapps, but decide just to sell **only** your initial investment in ETH, back in USD, near the top. + +You keep showing the bearish comments, but you didn't sell more, cause you know how investment works. So basically you are a hodler, accusing others to be a bunch of hodlers. + +You are saying to others they don't make sense, but you are also not really making any sense, fyi. + +What most of us are considering, is a possible return to mean, that's all. + +ETH was rightly priced @ 1400 USD? Definitely not. Was it rightly priced at 800? Probably not. Was it rightly priced @ 300? Maybe. How about 200? Hmm. How about 100? Hmm even more. Is 80 bucks the right price for ETH, when we are oversold vs BTC, oversold vs FIAT for weeks, and getting worse and worse? Does this look to you as a balanced market? Is this how investment/trading works? Look at XRP and EOS, does it make any sense? Does it look like we are on a rational market? + +Everything is a matter of perception, since you were in ETH quite early, also your perception is probably not the most accurate one, because all you think is your initial buying price. Again, I think I told you before, look at any metrics regarding ETH network itself on [https://etherscan.io/charts](https://etherscan.io/charts) now compared to when you bought (probably this site didn't even existed), than look at it last time ETH was 80 bucks, than look where we are now. From mining point of view (as the effort of producing this shit) look where we are hashrate wise and inflation wise, and than think cost of producing wise. + +Also people focus too much on the dapp usage, as the only usage for smart contracts, while this is not the only usage of such contract, is it? How about this? [https://etherscan.io/chart/gasused](https://etherscan.io/chart/gasused) Does it seems even remotely close to last year in April when ETH was at this price? And yes, for the moment, those fees goes to miners, which will probably go into the market some way or another, and I agree that's currently a problem. + +**If you say this doesn't matter and this is not about the technology at least at the hart of it, than I will ride it to 0, cause I am not interested.** + +From speculation point of view, the sentiment, trust in devs, delays, whatever, I haven't see it so low in a very very long time. If this is just sentiment market, this is as low as it can get. + +Again, from speculation point of view, a 90% drop on some technology that works (just by looking at DAI for example for smart fully automated contract and the metrics I mentioned to you), as well as being considered safe enough to issue stable coins on it (as TUSD and USDC, besides DAI) is considered by the smart money a bargain. Those money are not coming back from end-users, those money are not even new money, those money are part of their profits made already and put back. A lot of those money are put in DAI, TUSD, USDT, USDC aso. + +Also this bear market will help us, holders, get rid of some not so confident ETH-ICO holders out there who are having the same perception as you (although you are not selling), because you got it for under 1 USD. On Coinbase USDC few days ago we had a flash crash from 100 to 13 or so, like we did before also on Coinbase on USD from 300 to 13 USD one or so years ago. How intelligent you should be, understand and appreciate ETH and the tech, when you obviously don't understand exchange market, liquidity, and what a market sell on an non-liquid market will do to you? + +How smart you are being disappointed by speed, lack of scaling, dapp usage, etc, when ETH is 200 bucks, so you sell it? Or maybe your mind makes you think...hmmm, the price is 200, let me test it. A, ok, so that's why people were selling it, let me sell it too, while I am still in profit. You see, this kind of people didn't have a problem with the technology when it was 800, 600, they do now, and it is pretty much as retarded as crypto can get. + +Should I follow such people and sell my ethers? Do they look smart to you? Do they look as the kind of people which will consider the potential? Or the kind of people thinking about the immediate result, same as the get-rich-fast people and just some followers who try to find justification for their actions. + +Does this mean we go all full bull run? I don't think so. Return to mean, possibly. Suffer a little more? Also possible." + +I would like to add to the perma-bulls out there, that handling your own finance as the media made some of you think, is also hard, isn't it? So maybe now you will understand the risks of doing that, not just the good times. + +Getting your info from media only is also not so smart. Some of them write articles for money, some of them have groups behind that are invested in concurrent coins, some of the writers on the smaller websites that appeared in last 2 years are simply young people poorly paid who don't really get the tech neither (as long as they told us how the inflation is going down BECAUSE of the hashrate going down...). + +Always try to check the history going back one or two years ago of the most bearish people out there which gets you, because you will find out most of them have hidden reasons for being bearish (some sold at 50 when the bull run started and they want it back, some took shorting positions and they will profit if you sell, some took some bad decision and are in depression phase so they are really bearish, some simply hate ETH cause they sold it during DAO hack). I understand especially the last ones, it's really sucks if you did that. Some will say, see, I am a genius, I sold at 300 before the Dec\~Feb bull run, I told you it's a scam/ponzi/etc. Some are just constantly looking for confirmation, and after being moon boys, now they say see, told u, lucky I took "just 10/20/50%" drop, I am a genius. + +**If you find yourself in a desperate situation, please ask for help from this community, your friends, anybody that can help you. There is always a way! Where there is will, there's a way! Current ETH price is current price, the same way as it was 1k and above, always remember that. It doesn't mean it's the right price for it.** + +**Also don't trust me, trust yourself and always DYOR**. As I am an ETH hodler, obviously I might try to convince you to buy. What I won't do because it's against my ethics, is say I am a bull, in order to dump my coins on you. On this, you have a random internet guy's word. + +I need to go back to my personal fundamentals now, my family, the reason why I didn't yet get out of crypto completely and the reason why I started in the first place, besides the tech. So if you have too, go back to your fundamentals also. + +Christmas is coming, be nice to both bears and bulls, everybody is right at a certain moment in crypto, both bulls and bears. Bears show you the risks, bulls show you the potential. The right price for the tech and ETH is somewhere between them and their statements. + +And if you made profits, congratulations, give part of that to charity as it is somehow free money or do something for the development/adoption. + +I'm out till next year, happy holidays and all the best to all of you! +My family has always been way down on the spectrum of financial stability, as in they can never afford to do anything nice, go on vacations, or do anything that isn't the bare minimum of having a house, food, and a car. More than half of my family is like this, and I don't want to be like them. My aunt is in her 40's, working three jobs. My uncle just turned 50 and hasn't done very much with his life besides stay inside all the time drinking, smoking, and browsing the web. I live with my grandparents, but my own mom is about to turn 40 and has never even owned a house. Might I add, she's in jail currently. My dad is barely living off scraps in a trailer trying to provide for two other people, and is never able to pay all of his bills on time. I don't want to end up like them, but the direction I'm going in, it doesn't seem like that's going to happen. My grandparents aren't going to be able to help me either, because this isn't the same world they grew up in and they're the kind of older people who are stuck in 1955. That's an exaggeration, and I love them, but you get my point. I'm sorry for rambling, but I feel so hopelessly lost. None of the people around me are happy with their lives, and I *really* don't want that. + +&#x200B; + +At the moment, I work a part-time job at McDonalds and have a GED. I will never make it in life like this. What are some steps I can take to start saving money now? Can investing money actually help me make money in the long-run? If so, where do I start? + +&#x200B; + +I'm debating going to college, or at least community college in the future, but right now that would be a terrible mistake because I'm still trying to figure out what I want to do. But any suggestions, thoughts, advice, ideas are welcome. Anything, really. +For context here, Wachtell is indisputably the most prestigious m&a law firm in the world. Marty Lipton (name sake confounding partner) invented the poison pill and should be credited with killing the entire hostile takeover era of the 80’s. + +Strine was one of the most influential Delaware VC and Chancellor for 20 years. As chancellor he wrote the book on “specific performance” in m&a agreements and cemented Delaware’s “fuck you” attitude to buyers backing out of m&a agreements like in the landmark IBP vs Tyson case which will likely be the precedent at the core of this trial. + +Savitt is one of the brightest litigators in Delaware history. He’s literally who every big name (incl the likes of KKR) runs to for deal litigation and has a successful track record against activist investors like Ackman and Icahn. + +Edit: this sort of blew up. Would it be better to write a more detailed translation of the legal circumstances in another post? +&#x200B; + +[ More than 12 million bitcoin have not been moved in the last 12 months.](https://preview.redd.it/l17f4i54rj191.jpg?width=960&format=pjpg&auto=webp&s=6f618a49bd0a2edc8657d80f171fa38f2d92b934) +https://www.cnbc.com/2018/10/07/china-cuts-some-banks-reserve-requirements-to-spur-growth.html + +Looks like China is loosening up to make their economy more attractive. This may take some other Asian currencies with them. Will the US feel the need to respond sooner rather than later and what are the implications for stocks, bonds, etc..? (... and maybe the real economy?) +For this semester, I had to pay for my classes out of pocket and I didn’t have enough money so I put two of my classes on my credit card. I know, maybe I should have pulled out of the stock market sooner to pay for my classes but I couldn’t bring myself to do it. I’ve put in $1000 into the market and I know it isn’t much but I’ve made $300 and want to see it continue to grow, I didn’t want to have to touch my investments. My situation isn’t as serious as others, I’m a college student living a middle class life, but for the most part, especially in terms of money, I’m on my own. I don’t know if I should sell my investments to save my credit score and pay my debt in full or if I should just pay it off over time. I haven’t touched my credit card since I paid for my classes and I know I will be financially responsible enough to pay it over time, just these last 3 months have been rough with family issues and I didn’t have enough in my emergency savings for everything that went down. It’s a discover card, I have a decent paying job for a person my age, and my family issues have been resolved so I’m back on track. + +Any advice is appreciated, I just don’t know if I’ve been dumb to not pull out sooner and pay my debts or if I’m okay to hold my investments and pay it off over time. +I don't understand why a new employer should have access and/or need to know my spending habits. I show and exhibit good faith and character, hence the reason I was offered the job, but I just did a background check, and they want to see my credit score. That doesn't make any sense. + +Edit: Job has nothing to do with financials. Job is middle-level corporate job. Nothing to do with insurance or anything relative to that. + +Edit 2: I should note, I was offered the job already. They gave me the call Monday. It would be very outlandish to rescind an offer if my credit score was bad, but my score is fine. In other words, I don't find it by any means warranted where I need to explain my money situation to a complete stranger, nonetheless, for a job that has no financial tie whatsoever. To me, that screams lawsuit. + +Edit 3: Just got an email from them regarding my background check in which I had to call because there was a delay in processing. Turns out that because I've lived in more than 1 state, the response on everything is taking longer than expected. In my eyes, it feels like this is a "red flag" from the email and sense of how this is all being conducted. I have nothing to hide, but it feels outright weird and invasive that all of this is going down just for a mid-level corporate job. If this were a upper-level position that required a security clearance, or financial handling, I wouldn't think twice, but because of all of this, it leaves a very bad taste in my mouth. +I need guidance on retirement planning, but all the websites/calcuators I look at are essentially ads for their financial services. I want to pay someone to give me advice without them trying to lure me to their services. How can I find ad advisor who will simply look at my finances and let me know if my plan is what I think it is? (I have a lot of spreadsheets I use for tracking my finances, and I'm pretty sure I'm doing it right, but I would like an expert to look at them without them trying to say, "Invest with me.") Of course, I'm willing to pay for the assistance. +I (21F) have been wanting to start investing for a long time because I currently have about $3000 extra in the bank that I don’t touch. It kills me to know that I’m basically slowly burning it due to inflation. I don’t have any bills because I still live at home and my phone and car are completely paid off. I try to eat as cheaply as possible. Right now I am a waitress and make about 600 a week but sometime next year when I graduate with a postbac degree I’ll be making around 45-50k a year and that salary go up as I gain more experience. Oh, and I don’t have any student loans to pay as scholarships/grants covered it all. One day in the future I want to buy a smaller house in full and live with a roommate to make some passive income, but for now I don’t have to worry about rent/electric because I live at home. +I have been looking into investing in real estate and I know I need to open a Roth IRA soon but I feel sort of clueless as to what I should do next. +I recently changed jobs and you can’t participate in the 401k program until you’ve been with the company for 1 year. I’m in my 50s and I’m worried about missing out on a whole year of 401k investment growth. My wife and I both have Roth IRA’s but the contribution limit is so limited compared a 401k that we’ll easily max them out. Any suggestions work be greatly appreciated. +http://about.van.fedex.com/newsroom/fedex-committing-3-2-billion-wage-increases-bonuses-pension-funding-expanded-u-s-capital-investment-following-passage-tax-cuts-jobs-act/ + +I work for them as an hourly worker so I'm honestly just waiting to be told I've been let off because of these recent actions due to the tax cuts in D.C. + +Does this change how you might invest with them? What do you think? +Several of my coworkers use apps or services that allow them to receive their paycheck early. (i.e. Get paid on the 29th of the month instead of the 31st) They are always gushing to me about how nice they are but I feel like I'm missing something? The apps don't shorten your pay period, they just shift the dates? So if you get paid every two weeks you're still getting paid every two weeks, it's just a different two week period than the rest of your coworkers? What is the virtue of these apps then? +i am starting to learn algorithmic trading and I really like it. However, I am far from a math genius. Is it possible to succeed in algo trading without having a great mathematical mind? +I’m eyeing 80 acres in the desert, $50k. What are the essential and important questions to ask the agent? + +It seems to be zoned for agriculture, but in a brief inquiry he said I could build, in fact he said this: + +The property could be utilized as a homestead where you can also plant and grow on it, provided that you obtain all the necessary building permits for a structure. + +Just want to make sure I get all the answers I should be getting, prior to scheduling time to drive out to it. +I’ve been pouring over many financial sheets and researching analyst track record. I’m applying the Warren Buffett guide if you only had 20 punches on a card for the rest of your life. So being extra conservative. Maybe this would’ve been the 25-30th punch, don’t know. This baby came up on my radar multiple times. Wondering what the group thoughts are. Thank you. + +Currently hold CVX, DIS, HD, KO, MMM, PEP, REYN, T/VZ (Biggest Holdings) +I have a bit of savings and looking to get some decent dividends in. I’ve been lurking on other subreddits and I see a lot of hype for VOO and SPY but not SPHD. + +I have 10 shares of SPHD, and 2 of the other two. While SPHD is currently 1/10 price of the other two. SPHD also gives monthly dividends, while the others give quarterly. With the current number of shares I have for them, the amount I am receiving is pretty much the same. Doesnt that mean over an annual basis, SPHD gives out more? How is VOO and SPY better? I’m looking to get about $1000 of monthly dividends from SPHD, is that not a good idea? My outlook of things are pretty simple atm, I suppose there are also other variables that makes SPHD not as good as it seems. +Hello Reddit world. I read a lot of the great advice and opinions people have to offer on this page, and I'd like to know your thoughts regarding my specific goal. + +I dont currently have an IRA. I know most if not all financial advisors would say max out your yearly IRA prior to investing in a taxable account. IRAs dont appeal to me since my goal is to have enough income from dividends to retire early. I'd like to be done by 40 and I'm currently 28 (ambition goal, I know). + +My question. For anyone who is currently successfully living off of their dividend income, what kind of portfolio structure do you have, and how did you arrive at that portfolio? Over how many years did it take to get to that point? My portfolio is currently yielding $1,000 in annual dividends... that will have to compound big time for it to meet my goal, but how did those who accomplish it get there? Did you go mostly growth and then convert to dividend paying stocks at a later age? Did you keep a dividend rich portfolio the whole way through and reinvested the dividends? How do you protect/hedge your nest egg now so it can continue to provide you with the necessary income? + +Sorry for the long post! +I'ts so strange to watch the crytonatives in here shit talking NFTs on exactly the same way and people on the rest of Reddit shit talk crypto in general. I'm sure I'm going to get downvoted into oblivion but shouldn't we embrace NFTs if it leads to wider mass adoption of the underlying blockchain tech? Content creators entering a tech space has never ended badly. Keen to hear why folks are so critical on the technology in general and wonder if those are the same responses that non crytonatives say about cryptocurrency in general. + +Edit: for those looking for more than just a fancy JPEG, check out what the Frogland.io are building with their Notorious Frog collection. Proper tech and creativity +CNBC ("Why Millennials Aren't Investing") has their opinion, but I think there's more to it than that. Thoughts? + +Also, if you don't have an investment account, why's that? +[*^(https://i.redd.it/ijst0frm5ns81.png)*](https://i.redd.it/ijst0frm5ns81.png) + +*EDIT: NOTE: Just to be clear- my post was only to show that the page had been edited to include a blurb and link from a post here earlier today.* + += = = = = = = = = = + +**Archived it but pretty sure it's already gone:** [**https://archive.ph/mUGaR**](https://archive.ph/mUGaR) + +*Link to* u/GangGangBet\*'s post \[[*HERE*](https://www.reddit.com/r/Superstonk/comments/tztgfp/meet_judge_colm_connolly_who_presides_over_bcg/)\] was to an archived version \[[*HERE*](https://archive.ph/KFJWd)\], FYI.\* + +https://preview.redd.it/xoc0mw8jols81.png?width=1766&format=png&auto=webp&s=1a4dacd004eb34bdd67bf07251f9ddd74a1777be + 16 years ago in NZ, it was 9-5 with a 2x15 minute breaks and a 30 minute lunch. + +Since then I've been working for American companies. For them it's 8-6 with an hour for lunch. The logic being you only get paid for the hours you work, so that's 8 hours a day. + +This is what I work now and my wife says I'm being exploited. It's good pay and I want to please my boss and my wife. + +What's the norm nowadays in a Australia? + +Edit: I'm in a salaried IT job and fully remote, so I feel some obligation to work more and anxiety about losing it (I've been made redundant 3 times and fired once and "contract not renewed" once. In my current job they've gotten rid of 3 people so far this year). + +But on the other hand I think, well they're not really going to be loyal to me when the money hits the table so I'm just wasting my time and health and marriage working extra hours. + +Another edit My contract says "38 hours plus reasonable additional overtime hours as required to complete my work" then it says "8:30-5:30 or as applicable for position" + +It also says I'm under the "professional employees award". I will read this. + +The guy before me got "repositioned" for telling a customer that called him late to F off. + +I guess I'll tell my boss I'm following the contract from now on. + +Thanks to everyone who replied. +Got her this book so she can work out what to do with her $200kpa she earns like all the other kids in this sub. She's saving up for her first 1995 Toyota Camry too. +How much do I need to get $3k-$4k per month? What stocks do you recommend to get that? I am happy to get assigned some good stocks which I can wheel for years. + +Edit : Just checked monthly premiums delta around 0.24 +AMD $230 (1 contract) +SQ $290 (1 contract) +Tqqq $200 (2 contracts) + +For $14400. If we do it x5 we need $72000. Comments/suggestions appreciated +First off, huge shout out to u/TheeHumanMeat for finding the article Dr. Trimbath mentioned using The Way Back Machine. Find his post here : + +[https://www.reddit.com/r/Superstonk/comments/n1hjb3/i\_spent\_3\_hours\_searching\_for\_the\_bob\_drummond/](https://www.reddit.com/r/Superstonk/comments/n1hjb3/i_spent_3_hours_searching_for_the_bob_drummond/) + +Now, if you are anything like me, you loaded that pdf and your eyes started to glaze over. I forced myself to read it in its entirety and am here to give you the ELIA because it really... really... matters. + +https://i.redd.it/jh8eo4x458w61.gif + +**"One share does not always equal one vote in the crazy math of proxy contests. When short sellers borrow stock, investor democracy can be a sham."** + +Did your alarm just go off? Are we FUK? No, we got this but you need to keep reading. + +**"In a little-known quirk of Wall Street bookkeeping, when brokerages loan out a customer’s stock to short sellers and those traders sell the stock to someone else, both investors are often able to vote in corporate elections."** + +I was under the ape assumption that shorters can not vote directly with the borrowed shares and this is technically true but when they sell the shares to a new broker, that broker now magically has shares that CAN VOTE. + +https://preview.redd.it/mmtfysl9t7w61.jpg?width=2005&format=pjpg&auto=webp&s=4561031c6194b49c1797854a0534bfcf14470752 + +**"In close contests with little room for error, the results of high-stakes company decisions may hinge on the invisible influence of millions of votes that shouldn’t be counted"** + +Now, while GameStop is not voting on a radical decision like a merger or sale, we are electing Ryan Cohen as Chairman as well as electing/confirming other board members. + +&#x200B; + +https://preview.redd.it/q6ra3hnbv7w61.jpg?width=500&format=pjpg&auto=webp&s=08975a5d9537759e5c8f86140daa7947e85cebcc + +Jane Goodall over here cutting right to the heart of the matter. Brokerages are neutral parties looking out for #1. Why rock the boat when the passengers are sleeping? + +The article gives some great historical examples of when and how this matters. Here are just a few. Its also important to note they do not need to be extreme discrepancies. With growing scrutiny on synthetic shares being used in proxy voting, economic terrorists only need to identify the sliver of winning margin required to push companies down the path they choose. + +https://preview.redd.it/dt9nd4x8x7w61.jpg?width=2004&format=pjpg&auto=webp&s=9ac140480a12f5baffd32182ea6aa712b7555aa6 + +As we well know, short interest is mostly self reported. Because of this myself and others are pulling out their hair trying to figure out ways to determine how many synthetic shares exist or as I personally like to call it the pH(loat). + +**"The only published figures that permit estimates of lending activity for any individual stock are contained in monthly short-interest disclosures by the NYSE, Nasdaq and American Stock Exchange. Those reports show how many of a company’s shares are out on loan to short sellers as of a single day in the middle of each month. Short-sale levels aren’t made public for other times, such as a record date."** + +Here is where things can and will be different this time. This isn't 2014. The apes are watching, hell the world is watching. That said, not a single one of us can afford to be complacent. + +**"The arrival of millions of duplicate ballots in a corporate election would be more obvious if not for one fact: In many elections, up to half of all stockholders don’t participate, leaving plenty of leeway for brokerages to permit voting of borrowed shares without going over the maximum number of eligible votes."** + +Let me repeat that for emphasis + +# "In many elections, up to half of all stockholders don’t participate" + +Let that sink in. We have a confirmation bias problem on this subreddit. I get it, I am an active participant. It's easy to sit back with our smooth brains, smash that buy button and think our mods and godlike DD authors will take care of everything but we NEED TO GROW WRINKLES. + +You want a rise of the planet of the apes? It needs to begin with one simple word. + +&#x200B; + +https://i.redd.it/8b5m89k018w61.gif + +What now? What do? + +You absolutely, 100% need to do everything in your power to vote. + +I am talking to you US share holders that already have the ability but put it off because, "Hey there are hundreds of thousands of apes here I'm sure they got it covered" + +I am talking to you Robinhood holders (god damnit you guys, seriously?) who got an email from them the other day and the vote looks a little fishy so you put it off. + +I am talking to you PFOF, cashapp, webull, etoro wtfever else rando app holders that were told you cant vote because of blah blah blah. Email/Call customer service. Make a stink. It doesn't matter if you end up being able to or not. Apply pressure. + +I am talking to you UK apes who think you cant vote because you aren't in the US. + +# List of brokers currently allowing proxy vote with instructions how to do so + +[How to vote with Questrade](https://www.reddit.com/r/Superstonk/comments/mxucpw/how_canadians_using_questrade_can_vote/) + +[How to vote with iWeb](https://www.reddit.com/r/Superstonk/comments/n1qkw3/uk_apes_iweb_allows_voting_you_have_to_get_in/) + +[How to vote with DeGiro](https://www.reddit.com/r/Superstonk/comments/mwz1ro/how_to_vote_with_degiro/) + +[How to vote with SwissQuote](https://www.reddit.com/r/Superstonk/comments/mwzcnr/how_to_vote_for_swissquote_users/) + +[How to vote with Revolut](https://www.reddit.com/r/Superstonk/comments/mxl3kk/how_to_vote_for_revolut_apes/) + +[How to vote with TD Ameritrade](https://www.reddit.com/r/Superstonk/comments/mwyxwk/boredom_is_killing_me_so_i_decided_to_find_out/) + +[How to vote with WealthSimple](https://www.reddit.com/r/Superstonk/comments/mzg4s0/wealthsimple_shareholder_voting_howto_for/) + +[How to vote with CommSec](https://www.reddit.com/r/Superstonk/comments/mzc5pz/how_to_proxy_vote_gme_trading_with_commsec/) + +[How to vote with Robinhood](https://www.reddit.com/r/Superstonk/comments/n0s1r0/how_to_vote_with_robinhood_a_picture_book_for/) + +[How to vote with Hargreaves Lansdown](https://www.reddit.com/r/Superstonk/comments/mnfg5y/how_to_vote_for_uk_on_hl/) (This may not be accurate - [See follow Up](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/) ) + +[How to vote with E Trade](https://www.reddit.com/r/Superstonk/comments/mwya8d/etrade_get_your_control_number_call_or_live_chat/) + +[How to vote with Cash App](https://www.reddit.com/r/Superstonk/comments/mxywc9/cash_app_sent_out_proxy_vote_info_just_got_an/) + +[How to vote with Schwab](https://www.reddit.com/r/Superstonk/comments/n1qhtb/how_synthetic_shares_can_destroy_proxy_voting/gwf4iec?utm_source=share&utm_medium=web2x&context=3) + +[How to vote with Merrill Edge](https://www.reddit.com/r/Superstonk/comments/mx66fe/proxy_voting_instructions_for_apes_on_merrill_edge/) + +**"One solution would be for Wall Street brokerages to clearly disclose who can and can’t vote in corporate elections. Until that happens, double and triple voting on one share will continue to make a mockery of shareholder democracy"** + +Now I'm sitting here on my ass waiting for Fidelity to release proxy vote materials. Why is it taking so long? Maybe they are just old school. Maybe it's a complete shit-show. But maybe, just maybe they are working on the solution quoted above. Probably just a pipe dream I know but I can't help but hope. + +&#x200B; + +**TLDR:** read the post its really importa... just kidding. VOTE. Not just because you want to help Papa Cohen potentially expose the short interest but because you believe in the direction he is taking the company and you don't want hedge fuckery to get in the way. Vote like your future depends on it because it just might. + +&#x200B; + +Did you make it all the way down to the bottom? Well done Ape! Now scroll back up and give u/TheeHumanMeat some love on his post. He deserves it. + +Did you grow a wrinkle? Have... + +https://i.redd.it/01q2q0ht38w61.gif + +Go read the actual PDF to catch up on historic examples and some more FIRE Dr. Trimbath Quotes + +And the link to the actual PDF here: [https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf](https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf) + +**EDIT 1:** Getting a lot of questions about apes with "Portfolio Diversity" having shares at multiple brokerages. **ABSOLUTELY VOTE WITH EACH BROKERAGE.** They have no idea how many shares you have split between the platforms. +Edit on 3/24 at 10:52 EDT: fucked by IV crush and the market pump. But, let the bullet fly for a while. + +Edit on 3/23 at 10:36 EDT: [so slow that barista is playing guitar](https://imgur.com/gallery/A7gtPvL) + + +Edit on 3/23 at 0:53: guys, just check r/Starbucks, more and more baristas are complaining about the customers getting rude. I guess the rudeness of customers might push the baristas to take the free paid leave, hence making more Starbucks to be closed. + +**TL;DR: $SBUX 4/17 50p, $SBUX 5/15 $40p** + +Last post: [\[DD\] $SBUX is gonna sink!](https://www.reddit.com/r/wallstreetbets/comments/fmeyoi/dd_sbux_is_gonna_sink/) + + + +Hello autists, on Saturday 3/21 I went out with my fellow retard and did some investigation on Starbucks in Toronto, Ontario, Canada. We pretended to be the retards in the movie *The Big Short* who were investigating mortgage-unpaid houses. + +**1. We checked 22 Starbucks**, 16 of which are located along Yonge Street, basically the street with the most hobos in Toronto, i.e. the busiest street; the other 6 are just random picks in the areas that I am familiar. So this is not an accurate investigation. It is just two fellow retards pretending to be movie characters. + +For locations' details please click [here](https://www.dropbox.com/s/0ql0uzc7m91p515/Starbucks%20research.pdf?dl=0). + +In summary, out of these 22 stores: + +* 11 out of 22 are Closed. The 11 closed ones are all in downtown area, near street and without drive-thru option. [For the same reason, many stores in the US major cities like Seattle would be closed.](https://i.imgur.com/J1danqf.jpg) +* Only 1 store has drive-through and it is in suburban town. Drive-through staff said: “busy. Same amount of drive-thru people. Very stressful.” +* 10 open maybe because they are essential to public service officers (police, fire department, hospital, etc.); still too many open but I do not know why. 1 claimed "**1/8** of normal volume", 1 claimed "only 10 customers per hour compared to 800 when busiest" + + + +**2. So let's do a very dumb calculation:** + +[70% of sales in the drive-thru enabled stores come from the drive-thru](https://www.bloomberg.com/news/articles/2018-04-24/as-starbucks-embraces-the-drive-thru-a-few-speed-traps-ahead) + +[60% of Starbucks locations have drive-thru capabilities](https://www.businessinsider.com/starbucks-closing-locations-keeping-drive-thru-open-2020-3) + +If Starbucks keeps only drive-thru and some "essential" stores open, + +the drive-thru stores will generate 70%\*60% = 42% of regular volume, + +plus those "essential" stores, say 1/4 of the 40% non-drive-thru stores are open, which is 10% stores are open with only **1/8** of regular volume, equal to 1.25% of regular sales. + +Then the current sales would be 42% + 1.25 % = 43.25% of regular ones. + +But due to the new "30 days salary for baristas even not showing up" policy, [a drive-thru store would be closed if most workers don't want to come](https://i.imgur.com/4eneoeT.jpg). The drive-thru stores will generate less than 42%. + + + +The calculation above is dumb as fuck, with small sample size, stupid simple adds and multiplies, ignoring the difference between Canada and other markets, excluding many factors like delivery orders, other product sales, bluh bluh bluh. It is just to show an idea that how big the difference is. The sales volume could drop lower than 40% of regulars. Yes just put it as I just made the number up. + +With such a big drop in the revenue, while still having to pay salaries, you can see how big the drop would be in their earnings. **Probably it will end up losing money in fiscal year 2020.** + +And yet, they would like to keep their [promise of 40m shares buyback](https://www.cnbc.com/2020/03/18/weve-got-a-strong-balance-sheet-starbucks-ceo-defends-buybacks.html). + + + +The calculation didn’t consider the drop caused by people not buying coffee because staying at home or working from home. + +**3. Some of you might want to talk about Chinese market, saying** [**they will reopen 95% of stores by end of March**](https://finance.yahoo.com/news/buy-starbucks-sbux-stock-dividend-233311299.html)**.** + +But, + +According to [Statista](https://www.statista.com/statistics/218366/number-of-international-and-us-starbucks-stores/), Starbucks has 31,256 stores worldwide (in 2019). + +USA:13,189 + +International: 15,041 + +Edit: I don’t know why 13189+15041 is less than 31256 but the website said so. I assume the principle of addition is broken. + +Out of the internation 15,041 stores, Starbucks has 4,200 stores in China, according to [Starbucks in China](https://www.starbucks.com.cn/en/about/). + +China's coffee market is growing rapidly but it is not a coffee-country. Drinking coffee is more of a show-off habbit among the white-collars in major cities. Most people don't drink coffee. + +* [The average Chinese still only drinks five cups per year, says the International Coffee Organisation, a London-based group. That is just 1.3% of the amount consumed by the average Japanese or American.](https://www.economist.com/china/2019/05/23/china-is-a-nation-of-tea-drinkers-but-coffee-is-taking-off) +* And within the coffee they drink: [The market's largest segment is the segment Instant Coffee with a market volume of US$8,334m in 2020.](https://www.statista.com/outlook/30010000/117/coffee/china#market-revenue) + +News said Starbucks is going to reopen 95% of their stores in China. 95%, sounds good, but will people keep buying Starbucks after this pandemic disaster? Considering both fear of next virus wave and the desire for them to save money for other essential needs, or simply they buy cheaper coffee or other beverages. Starbucks is not the only company selling coffee in China. + +Starbucks coffee is expensive af to us already. They are more expensive in China and their people's incomes are much lower than the US people. This pandemic is going to hurt Starbucks in China badly. + + + +**4.** Ok retards, I am **too sleepy** to throw in numbers and sources like the [big hit in Chinese market](https://www.cnbc.com/2020/03/05/starbucks-china-business-is-recovering-from-coronavirus-closures.html) and how their business gets hurt in Europe (I don't even want to look it up and paste sources). After all, it's all priced in. + +And I know no shit about technical analysis and stock price analysis. I can't point out how much lower will $SBUX go, I simply expect it to be lower and lower. Just buy puts and make tendies, or lose your life savings on this and then blame me like blaming those quadruple witches. This is just a sloppy DD, don't expect me to write a scientific essay. + + + +**Final words**: the biggest challenge in the investigation was that many Starbucks stores don't allow customers to use washroom anymore, so at one point I considered to use a coffee cup to do it. Please include this scene in the movie for me. + +Edit: gotta share this [shitty scene](https://www.reddit.com/r/wallstreetbets/comments/fmzsq6/dd_i_did_a_the_big_shortstyle_research_on_sbux/fl77dqy/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) . +I have an above average salary, but less than six figures. High credit score, a very healthy retirement account, and e-fund, but still have low interest student loans and a mortgage. I love reading the PF sub, but lately I feel like I'm "past" all that. So I come here. But then immediately feel way out of my league. I feel like I'm doing a "lite" version of everything that's recommended here, and although I'll be very comfortable, I definitely won't retire earlier than my mid 50s. Does anyone else float between PF and FI/RE subs like I do? +Earlier this year I had my 6 months of expenses in a savings account. But then around February-April inflation fears started being spread all across the media. And instead of being afraid of stock market crash. My thoughts were why am I keeping so much cash in a savings account if inflation is eating away at it each year. + +My thinking is even if my portfolio crashes 90%. I would still have enough to cover 6 months of expenses. But the thing is if that worst case happens and SPY/VOO/VTI crashed 90% there might be bigger issues in the world than the money I lost. The best case is my capital appreciates higher than the .01% as well as higher than inflation it would have gotten in a savings account. Anyone else do this? +Basically, I had an employer with computershare as their transfer agent and we could partake in employee share plan where the employer would buy stock for you up to 5% of what you made if you also bought so e as well. The typical shareplan. Well those shares were direct registered in my name. Now, I don’t know how much gamestop will hand out but this would lock up quite a bit of « real » shares away from the DTCC. What do you think? + + +[EXPERIMENT - Tracking 2018 Top Ten Cryptocurrencies – Month Fifty-Three - Down -32&#37;](https://preview.redd.it/rxma7hmli1991.png?width=640&format=png&auto=webp&s=477b135cb1ed29df5d14d1129a496961af1b9e09) + + ***Find the full blog post with all the tables*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-49)***.*** + +Welcome to your monthly no-shill data dump: Here's the 53rd monthly report for the 2018 Top Ten Experiment featuring **BTC, XRP, ETH, BCH, ADA, LTC, NEM, DASH, IOTA,** and **Stellar.** + +**tl;dr** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for four and a half years. Did the same in 2019, 2020, 2021, and 2022. ***Learn more about the history and rules of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* Snapshots taken on the 1st of each month (snapshot below taken 1 June) +* **May Highlights:** Terra/Lunapocalypse tanks crypto +* **Overall since Jan. 2018:** **ETH** still in the lead, followed by **BTC** the only two in the green. +* **2018+2019+2020+2021+2022 Combined Top Ten Portfolios are returning 124% vs. S&P500's +28% if invested in the same way.** + +## Month Fifty-Three – Down -32% + +https://preview.redd.it/qru4ifufj1991.png?width=943&format=png&auto=webp&s=4733a4b881140fe493e0729e8570376b5feb3821 + +The 2018 Top Ten Crypto Index Fund Portfolio is **BTC, XRP, ETH, BCH, ADA, LTC, IOTA, NEM, Dash,** and **Stellar**.   + +May highlights for the 2018 Top Ten Portfolio: + +* **Second all red month in a row**. **Bitcoin** and **Stellar** (both -23%%) fell the least. +* **ETH** maintains the overall lead, with **BTC** in second place.  Only these two cryptos are in the green since January 2018. +* The 2018 Portfolio drops to -32%, a level not seen since [January 2021](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-37/).  + +## May Ranking and Dropouts + +Here’s a look at the movement in the ranks since January 2018: + +https://preview.redd.it/lqe9bqboj1991.png?width=373&format=png&auto=webp&s=7aba020a7d78e3f6bdde64fb800ebf5e8d750b4c + +**Top Ten dropouts since January 2018:** Fifty-three months into the 2018 Top Ten Experiment, only 40% of the cryptos that [started in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) have remained.  **NEM, Dash, Stellar, Bitcoin Cash, IOTA**, and **Litecoin** have been replaced by **Tether, BNB, SOL, USDC, BUSD,** and **DOGE.**   + +Although some of these older cryptos have held their positions fairly well despite the recent downturn, **NEM** still looks like it might be the first of the 2018 Top Ten to drop out of the Top 100.  + +Until this month, **NEM** was the lowest ranked crypto of any of the five Experiments, but, thanks to the May Terra meltdown, that honor now belongs to **LUNA** (see the latest [2022 Top Ten Update](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-5) for all the gruesome details). + +## May Winners and Losers + +***May Winners*** –  100% red month, but **Bitcoin** and **XLM** dropped the least, ending May down -23%. + +***May Losers*** –  **NEM**, dropping -43% this month. + +## Overall Update –   ETH in first place, but second place BTC gains ground. NEM in last place, Portfolio back to Jan. 2021 levels + +After reaching an All Time High (+72%) in [October 2021](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46), the 2018 Top Ten Portfolio has continued to lose value.  Currently, it is down -32%, levels not seen since [January 2021](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-37/).  + +After nearly four and a half years of holding these cryptos, only 2 out of the 10 cryptos are in the green: **BTC** and **ETH.** + +Overall, first place **ETH** (+153%) is ahead of second place **BTC** (+127%), but the gap has been closing in recent months. + +The initial $100 invested in first place **ETH** four and a half years ago?  It’s worth $253 today. + +**NEM** is at the bottom, down nearly -95% since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)**.**  The initial $100 invested in **NEM** fifty-three months ago is worth about $5 today.   + +## Total Market Cap for the entire cryptocurrency sector: + +https://preview.redd.it/rfgwehsrj1991.png?width=582&format=png&auto=webp&s=b4e56af5ee499087bd0a2b6be1823312a250e144 + +End of May 2022 market cap: **$1,237,646,071,341** + +Crypto as a sector is up +115% since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/).  There was no easy way to achieve this at the time, but if you were able to capture the entire crypto market since New Year’s Day 2018, you’d be doing much, much better than the Experiment’s Top Ten approach (-32%).  You also would have more than doubled the return of the S&P (+53%) over the same period of time, and eight of the individual cryptos within the 2018 Top Ten (except for **Ethereum and Bitcoin)**. + +Crypto Market Cap Low Point in the 2018 Top Ten Crypto Index Experiment: **$114B in** [**January 2019**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/). + +Crypto Market Cap High Point in the 2018 Top Ten Crypto Index Experiment: **$2.65T in** [**October 2021**](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46/)**.** + +## Bitcoin dominance: + +https://preview.redd.it/n4ad5e5tj1991.png?width=558&format=png&auto=webp&s=23a87fb921c82b45b83fcc101eb72f9aac759022 + +**BitDom** ticked up in May ending the month at 46.1%.  When considering the entire four and a half year 2018 Experiment time frame, **BTC** dominance is near the low end.  For context:    + +Low Point in the 2018 Top Ten Crypto Index Experiment: [**33% in January 2018**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one). + +High Point in the 2018 Top Ten Crypto Index Experiment:��[**70.5% in August 2019**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty/). + +## Overall return on $1,000 investment since January 1st, 2018:  + +https://preview.redd.it/rlv3cl3yj1991.png?width=304&format=png&auto=webp&s=3d2ed444531e9854432fcf322cd08545f3dfffd5 + +If I decided to cash out the 2018 Top Ten Experiment today, **the $1000 initial investment would be worth $683**, -32% from [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/).   + +After a streak of more than a year in (or very near) positive territory, the 2018 portfolio is back on familiar red ground.  For context, in fifty-three months since the start of the 2018 Index Fund Experiment, forty months have been in the red, with only thirteen months of green, all which occurred in 2021/22.  + +Here’s a look at the ROI over the life of the experiment, month by month, since the beginning of the 2018 Experiment nearly 4.5 years ago: + +https://preview.redd.it/5m1hxz6zj1991.png?width=912&format=png&auto=webp&s=e3c1d4c4962e8dba2aca088a9f5b5cea919a3215 + +The all time high for this portfolio is [October 2021](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46) (+72%).  The lowest point was in January 2019 when the 2018 Top Ten Portfolio was down [\-88%](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/).    + +A reminder: no one can predict the value of any crypto tomorrow, let alone next month or next year.  The 2018 Top Ten Crypto Portfolio was down -88% after one year, -80% after two years, -25% after three years. + +## Combining the 2018, 2019, 2020, 2021, and 2022 Top Ten Crypto Portfolios + +Alright, that’s that for the 2018 Top Ten Crypto Index Fund Experiment recap. + +But I didn’t stop the Experiment in 2018:  I invested another $1000 into each of the ***2019***, ***2020, 2021,*** ***and 2022*** Top Tens as well.  How are the other Crypto Index Fund Experiments doing?    + +* [2018 Top Ten Experiment:](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-53) down -32% (total value $683) +* 2019 Top Ten Experiment: up +238% (total value $3,376) +* 2020 Top Ten Experiment: up +381% (total value $4,808) (*best performing portfolio)* +* 2021 Top Ten Experiment: up +99% (total value $$1,991) +* [2022 Top Ten Experiment:](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-5) down -66% (total value $342) + +So overall? Taking the five portfolios together, here’s the bottom bottom bottom bottom *bottom* line:  + +**After a $5,000 total investment in the 2018, 2019, 2020, 2021, and 2022 Top Ten Cryptocurrencies,** the combined portfolios are worth **$11,200.** + +**That’s up +124%** on the combined portfolios, **down from** [**November’s all time high of +553%**](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-47) for the combined Top Ten Index Fund Experiments.  Here’s the combined monthly ROI since I started tracking the metric in January 2020: + +https://preview.redd.it/dxxdx1b1k1991.png?width=600&format=png&auto=webp&s=5bb8db2871c082939d4fed44705b5fad64be6bd1 + +***That’s a +124% gain by investing $1k in whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for five years in a row.*** + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the Experiment to have a comparison point with other popular investments options.   + +https://preview.redd.it/yiwc1oo2k1991.png?width=582&format=png&auto=webp&s=43f446c7e881f2d3cb645ddd8ee8145827101593 + +The S&P 500 is up +53% since January 2018, so the initial $1k investment into crypto on [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) would be worth $1,530 had it been redirected to the S&P.   + +Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1,530 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1,640 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1,270 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1,090 today +* $1000 investment in S&P 500 on January 1st, 2022 = $860 today + +Taken together, here’s the bottom bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After five $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, and 2022 my portfolio would be worth $6,390.** + +That is up **+28%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+124%** gain of the combined Top Ten Crypto Experiment Portfolios. + +Here’s a fancy new chart showing the four year ROI comparison between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments:  + +https://preview.redd.it/xyioqv44k1991.png?width=575&format=png&auto=webp&s=c99fca36351ed74b96556c554f12f489b367cdd4 + +## Conclusion: + +Many thanks to the long-time Experiment followers, appreciate you taking the time to follow along over the years.  For those just getting into crypto, welcome! I hope these reports can somehow give you a taste of what you may be in for as you begin your crypto adventures.  Buckle up, think long term, don’t invest what you can’t afford to lose, and try to enjoy the ride! + +A reporting note: I’ll focus on 2022 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect only two reports per month.  May’s extended report is on the 2018 Top Ten Portfolio (the OG Experiment), which you’re reading now. You can check out the latest  [2019 Top Ten](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-38), [2020 Top Ten](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-27), [2021 Top Ten](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-16), and [2022 T](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-5)[o](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-5)[p Ten](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-5) reports as well. + +&#x200B; + +A bit late this month (went on vacation!) but wanted to share the OG 2018 Top Ten Report for May (snapshot taken 1 June). + +The biggest tl;dr from my point of view: after 15 straight months of being at or over break even, the 2018 Top Ten Portfolio is back in the red, back to where it spent the first 37 months of the Experiment (Control + F for "Here’s a look at the ROI over the life of the experiment, month by month" to see the table). + +I've taken the snapshot for the June updates, I'll get those out in the coming days/weeks. +It's a silent project that operates in the background. There's no face to it. The founders created it and walked away. It's like an elegant clock set into motion that continues to tick. There's no promise of some complex protocol to come 3, 5, or 10 years down the road. It does what it's supposed to now without self promotion from the founders. Since it doesn't need self promotion to thrive, it doesn't fall victim to the vices of marketing from greedy, charismatic leaders, with overly complex projects. Sure, there's Saylor and Novogratz that sometimes fall into that role. But bitcoin doesn't need them to survive and won't need them when they die. The project works now. It does what it's supposed to and it'll continue to do what it's supposed to. It's the money of the future of our science fiction novels. + +There's no Krypto Kris marketing shitty debit cards. There's no charismatic Do Kwon doing a Forbes, Steve Jobs photo shoot with a black t-shirt and a white background. There's no J Powell magically expanding the money supply with a cobol fueled wand, creating a 9 trillion USD balance sheet out of thin air. + +BTC takes out the corruption of humans, because the humans that created it stepped away. Sure, people will build corrupt systems around it, but BTC itself is a simple, pure, and elegant vehicle silently ticking away in the background until the ticking becomes so loud that no one can ignore it. +Seriously, would some of you please remove the stick up your asses and replace it with soft, pleasure-inducing bananas? I have the utmost respect for the honorable Knights of New and the like of such brave battlefront orangutans, but for the love of DFV, please chill out with the fud-accusations and forum-sliding-cries. The mayo period was funny as hell, and these Kenny pareidolia posts are even better. Also people who bashed the mods for producing a hilariously chaotic and apelike livestream on 6/9 (nice), calm down. It is all part of ape culture and ancient ritual. Never in my six months of investing have I seen such a beautiful community mixing smooth-brained humor with wrinkle-brained knowledge. Ape don’t fight ape. End of rant. + +Edit: omg this blew up, 14 upcrayons and an award, love you apes ❤️🦍💎🙌🏽🚀 + +Edit 2: Thanks for the awardS. And yes, as many apes have pointed out already, just use the sort by flair or filter out smooth-brain flairs, retards ❤️ +The current CEO of BNY Mellon [is this guy.](https://www.bnymellon.com/us/en/about-us/leadership/gibbons.html) + +I'll quote the relevant part + +> Todd Gibbons currently serves as the Chief Executive Officer of BNY Mellon. ***Prior to that, Todd had been a Vice Chairman of BNY Mellon and CEO of Clearing, Markets and Client Management. In that role he oversaw the Pershing clearing business; the trading, financing, collateral and liquidity management solutions delivered through the Markets business; treasury services and commercial payment activities; the U.S. government securities clearance and U.S. tri-party repo businesses*** delivered through BNY Mellon Government Securities Services Corp; credit services; global client management; and regional area management. + + +&nbsp; + + +Now we already know, BNY Mellon is [holding millions of shares of $GME puts in Brazil](https://reddit.com/r/Superstonk/comments/pncjxr/the_brazilian_company_holding_millions_of_puts_is/)... for who knows why and for whom no one knows, they filed the shit wrapped in confidentiality. + +(October, 2020) +> Mellon has hired a former Goldman Sachs senior director in a new role that centralises the leadership for the custodian’s capital markets businesses. + +> [Robin Vince has been appointed as vice chair and CEO of Global Market Infrastructure, where he will have oversight of ***Clearance and Collateral Management, Treasury Services, Markets and Pershing businesses.***](https://www.bnymellon.com/us/en/about-us/newsroom/press-release/bny-mellon-appoints-robin-vince-as-vice-chair-and-ceo-of-global-market-infrastructure-130123.html) + + +We know that Goldman made [this in October of 2020](https://imgur.com/a/VDeKsIv) lining up with the new guy being hired at BNY Mellon, just so happens to *take the old CEO's job.* (then updated this filing in *May 2021*) + +*January sneezed* + +&nbsp; + +(April 2021) - BNY Mellon opens a [line of credit with Citadel Europe](https://www.reddit.com/gallery/o13686) + +(April 2021) - Citadel Europe [closes their Luxemburg office](https://www.reddit.com/r/Superstonk/comments/o1105u/just_saw_this_from_twitter_citadel_securities_in/) + +(April 2021) - Goldman guy [joins the unopened Citadel Paris](https://www.efinancialcareers.com/news/2021/05/leaving-goldman-sachs-for-citadel) +> One of those understood to be joining is Charles-Antoine Palcoux, a former macro strategist/rates structurer at Goldman Sachs in London. Goldman insiders say Palcoux left Goldman after nine years last month *(this was written in May)*, and is joining Citadel's Paris office as a desk strategist. + +(April 2021) - BNY Mellon [opens up triparty transactions to Chinese debt](https://www.bloomberg.com/news/articles/2021-04-13/bny-mellon-opens-4-trillion-repo-niche-to-holders-of-china-debt) + +(April 2021) - [Citadel Securities Hires Ex-CFTC Chairman Tarbert as Legal Chief](https://www.bloomberg.com/news/articles/2021-04-01/citadel-securities-hires-ex-cftc-chairman-tarbert-as-legal-chief) + +&nbsp; + + +(May 2021) - [this lady joins BNY Mellon](https://www.prnewswire.com/news-releases/bny-mellon-markets-appoints-laide-majiyagbe-head-of-financing-and-liquidity-301286860.html) + +> Laide Majiyagbe has been appointed ***Head of Financing and Liquidity assuming oversight of BNY Mellon's Securities Finance, Liquidity Services and Collateral Segregation businesses.*** + +> In this newly created position, Ms. Majiyagbe will oversee the strategic direction for BNY Mellon's financing, collateral and short-term liquidity offering and drive continued product integration between the businesses under her remit. + +> Ms. Majiyagbe joins BNY Mellon from Goldman Sachs, ***where she spent 14 years serving in a variety of positions, most recently as Global Head of Liquidity Projections in the firm's Corporate Treasury division. In this role, she was responsible for managing the quantum of the firm's global liquidity pool and informing its cash deployment and liability issuance.*** + +&nbsp; + +(June 1, 2021) - [another Goldman guy joins BNY Mellon](https://www.thetradenews.com/bny-mellon-appoints-new-coo-for-global-market-infrastructure/) + +> BNY Mellon has appointed the former head of professional services at Unqork and industry veteran, Alejandro Perez, as its chief operating officer for global market infrastructure. + +> Alejandro Perez is a market structure veteran who has spent the majority of his 25-year career focused on business strategy at major organisations including Goldman Sachs and Bloomberg. + +&nbsp; + +[(July 2021)](https://www.bnymellon.com/us/en/about-us/newsroom/company-news/bjorn-storim-appointed-ceo-of-the-bank-of-new-york-mellon-sa-nv.html) + +> BNY Mellon today announced its intention for Björn Storim to succeed Leonique van Houwelingen as CEO of the Bank of New York Mellon SA/NV (“the European Bank”), subject to board and regulatory approval. Ms. van Houwelingen has been appointed as EMEA Head of Strategic Growth and Regional Head of Client Coverage for the Asset Servicing business, effective 16 July, and will be a Non-Executive Director of the European Bank, subject to regulatory approval.  + +> Mr. Storim joined BNY Mellon in 2020 as Head of Germany, Switzerland, Austria, and Central & Eastern Europe after 16 years at Credit Suisse, where he was responsible for global markets, international wealth management, asset management and regulatory affairs in Germany. + +&nbsp; + +(Sept 2021) - [Goldman Sachs, Citadel and 'unnamed Wall Street powerhouses' meet with China about 'stability'](https://news.bloomberglaw.com/securities-law/china-wall-street-meeting-focused-on-transparency-stability) + + +(Sept 2021) - guy who [quit Goldman in July, joins Citadel London](https://www.efinancialcareers.com/news/2021/09/goldman-to-citadel) + +> One of those to have gamed the seasons is Michael Fargher, the former head of European swaps trading at Goldman Sachs. Fargher, who left Goldman in June 2021, has just joined hedge fund Citadel as a portfolio manager in the London office.  + +>This is Fargher's second time at a hedge fund, and his second time leaving Goldman Sachs. - He spent two years at Goldman between 2009 and 2001 before leaving to complete a double Masters in economics and development studies at Oxford University. When he finished his Masters, he spent a year at hedge fund Millennium, before joining GS once again.  + +*Note* that guy was just [joining his friends](https://www.efinancialcareers.co.uk/news/2020/08/citadel-hiring-from-goldman-sachs) + +> Citadel has been shopping and Goldman Sachs appears to be its chosen aisle. The hedge fund has added numerous managing directors (MDs) from Goldman Sachs. + +> One of the most recent joiners is Sven Khatri, a former managing director in Goldman's strats and treasury quantitative research team. Khatri has joined Citadel as a treasury quantitative researcher according to his Linkedin profile. + + +&nbsp; + +*ALL OF THIS* while is, get this.... BNY Mellon is ***the Clearing Bank to triparty transactions for Citadel*** (sorry you have to search for the DD, thanks automod. It is in the comments of the $5M puts link) + +&nbsp; + + + +Really what the hell is going on here? + +What did [this guy see that made him call all of Goldman to join him? And open a line of credit with Citadel?](https://www.bnymellonwealth.com/profiles/leadership/avi-shua.jsp) who's puts are those huh? + +> Avi Shua is the Managing Director and Chief Information Officer for BNY Mellon Wealth Management. In this role, he is responsible for technology strategy and implementation for the Global Wealth Management business.   Avi is also a member of the BNY Mellon Technology Executive Committee, as well as the Wealth Management leadership team. + +> Avi joined the firm in 2018 and has more than 27 years of industry experience in the financial services sector. Prior to joining the firm, ***Avi served as Global Head of Private Wealth Management Technology for Goldman, Sachs & Co.  During his tenure at Goldman, Sachs, Avi held senior roles in the investment, merchant banking, asset management and commercial banking technology organizations.*** + +*** + +Does it have anything to do with your [blockchain based collateral platform HQLA^x ?](https://www.ledgerinsights.com/goldman-citi-bnp-paribas-back-17-5-series-b-for-blockchain-collateral-platform-hqlax/) + +*** + +Are we talking [Reg Sho violations to hide FTDS?](https://www.reddit.com/r/Superstonk/comments/q3xt78/merrill_lynch_fined_850k_for_reg_sho_violations/) + +&nbsp; + +*** + +(*October 2020*) when this went into motion.... Is when [the media started talking about Ryan Cohen](https://www.fool.com/investing/2020/10/06/why-gamestop-stock-skyrocketed-527-in-september/) buying in.... + +(*April 2021*) when you open a line of credit, [Ryan Cohen is announced chairman](https://www.forbes.com/sites/jonathanponciano/2021/04/08/gamestop-taps-billionaire-investor-ryan-cohen-as-board-chair-sending-shares-surging-anew/) + +*** + + +&nbsp; + +*Surely* this guy who is ["on the Board of Governors of FINRA and was previously a member of the Board of Directors of Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Institute (FSI). He also completed the Securities Industry Institute® (SII) program at the Wharton School of the University of Pennsylvania. He previously served on the SII Board of Trustees, where he held the role of Chairman from 2007-2009." would say something *right?*](https://www.pershing.com/biographies/james-crowley) + +How's his replacement doing? + +> BNY Mellon Pershing has hired Emily Schlosser, the former head of change for Goldman Sachs’ global markets division, as its new chief operating officer, replacing Jim Crowley, who was promoted to CEO of the organization about a year ago. + +> Prior to joining Goldman, where she served as a managing director for three years, Schlosser was the chief operating officer of corporate services at E*Trade for two years. + +*Ah shit* + +I think [Pablo might know something](https://www.citadel.com/leadership/pablo-salame/) as he + +> is Head of Global Credit at Citadel, responsible for leading the firm’s developed and emerging market credit strategies and convertible arbitrage activities. He also serves on Citadel’s Portfolio Committee. + +> Prior to joining Citadel in 2019, Pablo worked at Goldman Sachs for more than 22 years, most recently serving as Co-Head of the Securities Division for 10 years. His previous roles include Head of European Equities Trading, Co-Head of Global Credit, and Global Co-Head of Emerging Market Debt. He began his career working for Citicorp. + + +Oh then there's the fact that [Goldman Sachs is the clearing broker for Citadel](https://www.reddit.com/gallery/meov7p) "and in that capacity may have custody of funds or securities of Citadel Securities LLC" + +&nbsp; + +And get this, Citadel got so big... [by buying Goldman's DMM business after it merged with another.](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html) + +> Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE). + +> IMC has been a DMM on the NYSE since 2014, when it acquired Goldman Sachs' DMM business. Since 2014, IMC has expanded its market making operations with an increased focus on ETFS and options and has also increased its U.S. operations almost two-fold to nearly 400 people in support of its trading operations growth. The sale of the DMM business at this time, which represents a small portion of its overall U.S. operations, is consistent with IMC's growth strategy. IMC is committed to growing its ETF and options business, as evidenced by its ongoing performance as a Lead Market Maker in over 150 ETFs and a Lead Market Maker in over 500 Options classes, as well as registered market maker in all products it trades.   + + +&nbsp; + +Oh and ***guess who was giving loans to Robinhood in January*** + +> [Robinhood’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg.](https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult) +Hi there folks! Discovering FIRE is one of my biggest blessings in my life (so far). Just wanna have some honest conversation about the topic of marriage! + +My background : 29/F no debt, single, no kids. Discovered FIRE few years ago when I was in grad school, I will be reaching CoastFIRE in 8 months. + +I used to think about getting married some day. (Maybe I was brainwashed by the society? I'm from Asia and people have a term called "leftover women" to describe those women who don't get married by a certain age. It's horrible I know.) + +Then, i discovered FIRE. I love it! I love the idea of having the freedom to live the life I want and not to spend my limited time I have on this earth to work the job I am not particularly passionate about, just for the money to survive. + +Maybe I love freedom too much, i will not risk my chance of being free from the rat race for anything because i am aware that a divorce can cause significant financial damage. + +Also, even if my partner is richer than me, i don't want to get married either. Maybe it's because it is my hard earned money and i work really hard to achieve my FIRE goal, i don't feel comfortable to share / combine my finance with any person. ( If u know what I mean.) + +Sorry for my ramblings, and sorry for my English (it's my third language). And don't get me wrong, i don't hate men, indeed most men in my life are kind and wonderful. + +Just want to share my thoughts . I hope i won't get hate for being extra honest here. Wondering if anyone share the same thoughts as mine. + +Cheers💖 +Hey everyone. I recently began a band 6 (33k) NHS job, this is my first job. I lose under 1/3 to taxes and pension contributions. My pension is about 9.8% so is a significant amount and with recent cost of living crisis I wondered how necessary it is. + +I currently have a couple of health conditions that mean I might not live to 65. I don't plan on having children. But assuming I do live to pension age, with my national insurance contributions, wouldn't I already have a pension. + +Compared to something like a saving the money in a bank account. I won't be able to access money at all until my old age. And realistically would I even use all my pension before I die? Therefore wouldn't there be more value in using money whilst I am still alive. +Probably a very basic question but when looking to purchase a rental property from another owner what documentation should be requested? Especially if there are already tenants in place. Is a rent roll and copy of lease sufficient for judging whether to keep tenants on? How about major repairs/renos? + +Also, when is an appropriate time to ask for this information? Once an offer is accepted, I assume? + +Thanks in advance! +xxxNifty is a developing adult NFT platform that aims to bridge the gap between cryptocurrency and the adult industry for users and artists alike. As you can see on their website, xxxNifty has artists and users who are already reaping what they have to offer. Gem Stoned, Sinn Sage, Bonni Good for instance are some of the content creators with countless more to come. Large partnerships are also in the making. If you’re interested, you can see more of the artists here: + +[https://www.xxxnifty.com/adult-content-creators/](https://www.xxxnifty.com/adult-content-creators/). + +The dev team is very active in the TG answering questions from the community and making sure investors feel safe. Just last night there was a contract migration professionally done by the devs. They took a snapshot and all the holders were airdropped the new NSFW token. All we had to do was to put the new contract address in our wallets. The migration was needed because the community asked for a tax system and after several polls and voice chats with the devs they decided to put the 6% tax system in place showing that they have a very dedicated developer team who listens to their holders. + +As of now, the application for **CoinMarketCap** as well as the registration for **Coinhunt** has been completed. xxxNifty has also been published on **CoinGecko** in **LESS THAN ONE DAY**. There is so much more in the discussion so if you have any further questions, feel free to pop in TG chat. I’m sure the dev and the community are more than happy to answer them :) Become part of an ever-growing community today! + +✅ List of things are in progress: + +Big star incoming! Tik Tok & YouTube marketing. Poocoin banner ad finalization (already paid) Only fans work in the discussion. Talks with big studio in LA with models. More models incoming! CoinMarketCap listing pending. Burn mechanism when buying NFTs incoming. + +🪙 NEW Tokenomics: + +6% redistribution 5% LP liquidity, 1% holders + +🔥 Fully minted. + +🔥 PancakeSwap liquidity: + +60% of Pre-Sale will be LOCKED 🔒 for 6 Months + +🔥 Total supply: + +69,696,969,420 + +🌐 Website: + +[https://xxxNifty.com/](https://xxxnifty.com/) + +📝 NEW Token address: + +0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +🥞 PancakeSwap (6-7% slippage): + + https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +💬 Telegram: + +[https://t.me/xxxNifty](https://t.me/xxxNifty) + +🕊 Twitter: + +[https://twitter.com/xxxNifty](https://twitter.com/xxxNifty) + +👾 Discord: + +[https://discord.gg/wAXuEEtDRW](https://discord.gg/wAXuEEtDRW) +My partner works at a primary school and has a lot of leave throughout the year as a result. I work in a research/product development lab and receive only the regular NES-required annual leave. + +It feels like every couple of weeks my partner is coming to me saying we should go on a holiday and they want to get out of the house and do something. Now this is something I would love to do but I simply don't have the leave available. They don't seem to mind and understand that I have less time off but it's become a bit of a annoyance to me, what's the point of all this work if I can't do anything with my partner. + +I'll be doing the obvious of trying to ask for more annual leave at my yearly review but I'm not expecting that much since while they're happy with flexible hours, actual leave is plotted for the year ahead, so that test capacities and time sensitive projects can be planned without losses due to downtime. + +Besides teaching, are there any less obvious career paths which have large amounts of leave available? +\*Correction\* Main repo rate was raised *by* 25bps from -25bps to 0, not *to* +25bps. + +https://www.ft.com/content/0cb65c7a-223a-11ea-92da-f0c92e957a96 https://www.bloomberg.com/news/articles/2019-12-19/swedish-rate-hike-ends-subzero-experiment-in-global-test-case +https://www.bloomberg.com/opinion/articles/2019-12-19/sweden-s-riksbank-has-had-enough-of-negative-interest-rates + +>Most economists and market participants don’t usually spend much time looking at Swedish monetary policy. Today should be different given the decision by the Riksbank — the country’s central bank and the world’s oldest — to part ways with its peers in advanced countries by raising interest rates because of worries about the collateral damage and unintended consequences of an ultra-low regime. + +>By raising its main repo rate 25 basis points, Sweden exited a negative rate paradigm that had been in place for five years. The action came after officials there publicly expressed concerns that persistent negative yields distort the behavior of households and companies adversely. + +>This is a big policy move for Sweden, especially so because it faces what economists call “small country” conditions — that is, it’s too small to directly impact other economies or to resist spillovers from the actions of larger economies. + +>By increasing interest rate differentials compared with the rest of Europe, the rate increase could strengthen the currency and, together with the higher cost of borrowing domestically, weaken the economy. It’s a risk that the Riksbank said it would monitor closely. + +>This is also the most explicit signal yet of growing concerns in Europe about the collateral damage and unintended consequences of protracted and excessive reliance on unconventional monetary measures, particularly negative interest rates and large-scale purchases of securities. Potential distortions to a well-functioning economy and financial systems include: + +>• Undermining the provision of long-term financial protection products to households, which, together with negative returns on savings, goes against the objectives of monetary stimulus by encouraging higher (rather than lower) savings. +• Undermining the banking system’s traditional role in intermediating loanable funds while, simultaneously, encouraging excessive risk-taking by nonbanks. +• Subsidizing zombie companies, thus slowly eroding the growth and productivity potential. +• Encouraging economy-wide resource misallocations. + +>The loud Riksbank message to other central banks is that being “the only game in town” for too long can make them not just ineffective but also counterproductive. If Sweden can hold out as the monetary policy outlier in Europe — and it’s far from easy given the “small country” conditions — this could well be looked back at as the beginning of the end of a historic policy experiment, one that worked initially but was subsequently undermined by the failure of politicians to enable the much-needed pivot to a more comprehensive pro-growth policy response. +So ofc dividend stocks by themself you check a few things to decide if its the correct investment but when it comes to an ETF im getting a bit confused. What steps do you take to check if the ETF is worth investing in? SCHD is my main ETF atm and I have some SPHD but im reading that SPHD isn't worth keeping anymore. Can anyone please explain how to evaluate an ETF? If you have reccomendations it would be appreciated. +Hello everyone reading this. Im a 21 year old guy from a small country of Croatia. Just started investing few months ago. I was hooked on dividends stocks from the start, you know "money making money" and stuff like that. But now I see a lot of people who invest in dividends with very low returns year over year. Also, I read a lot of people saying that if you are young you should invest in growth stocks, and maybe later in your life you can change to dividend paying stocks. Whats your opinion on that? + +Thinking about selling my dividend stocks tmrw and move to some of the growth ones. I was thinking AAPL AMZN MSFT BABA NVDA CRM DIS. Any of your recommendations to add? + +PS Im not native english speaker so if there's some mistakes in my post, sry about that. No hate please hehe :) +Hello everyone reading this. Im a 21 year old guy from a small country of Croatia. Just started investing few months ago. I was hooked on dividends stocks from the start, you know "money making money" and stuff like that. But now I see a lot of people who invest in dividends with very low returns year over year. Also, I read a lot of people saying that if you are young you should invest in growth stocks, and maybe later in your life you can change to dividend paying stocks. Whats your opinion on that? + +Thinking about selling my dividend stocks tmrw and move to some of the growth ones. I was thinking AAPL AMZN MSFT BABA NVDA CRM DIS. Any of your recommendations to add? + +PS Im not native english speaker so if there's some mistakes in my post, sry about that. No hate please hehe :) +Sorry if this is the wrong sub for this but looking to get some advice from anyone else at this point. + +I began contributing $800 from each bi-monthly* paycheck towards my 401k plan at work at the start of this year. About halfway through the year, I realized I did the math wrong and that I'd be short on maxing out my plan as a single-filer. So I switched it to $850/paycheck in July to catch up and get close to hitting the $20.5k max. + +This is when I noticed that I was missing one of the $800 contributions between January through June. + +2 contributions per month for 6 months = 12 contributions of $800 each, or $9600 total. This total amount shows up correctly on my paystubs. + +However, my Nationwide account is only showing 11 contributions of $800 before it switches to the $850 contributions beginning in July. + +I've called and screenshared with my finance department and they understand what my issue is and I saw on *their* payroll screen that it's correctly marked in their system. + +When I called Nationwide, they also acknowledged that they understood my issue and that I was indeed missing an $800 contribution. The rep said another department was needed and that they were busy but that I'd receive a call back. Tomorrow would make it one week since I called in. Haven't heard from them since. + +I will most likely be leaving my current employer sometime over the next month and want to resolve this as soon as possible. + +What can I do besides calling Nationwide again? + +Should I file a CFPB complaint next? +**EDIT:** Thank you all so much. I was hoping a couple people would see this and enjoy it. I am incredibly humbled and surprised by all the upvotes and awards. Thank you. + +Hey my fellow apes, + +I bought into GME high. I got into GME at 10 shares @ \~$300. On Friday Feb 5th, after market close, I decided I was just gonna call it a loss and close my position in GME the following Monday at market open. That Saturday, I drove 4 hours home and surprised my mom at my aunts house. + +My aunt put together a birthday dinner for my mom and I thought it would be a nice surprise for her to see her son on her b-day. It was a fun party. We ate, drank, and played games into the evening. At one point though, my aunt remembered something. + +She and her spouse moved her old ass couch out of her home to the dump the previous week. In the process of moving however, she found a wallet inside. + +https://preview.redd.it/bpoihfh7fol61.jpg?width=3024&format=pjpg&auto=webp&s=d95e6300998685c2deac982bd32fa2107d0b664f + +The wallet was my first wallet ever. It still had my 7th grade student ID card, locker combination, and class schedule inside. What really made my testies tingle though was the Gamestop Value card that was inside. + +https://preview.redd.it/9wl2va36fol61.jpg?width=4032&format=pjpg&auto=webp&s=16fe66b39e8491e7ac8cbe63976c5257158c487a + +Of all the times over the last 15 years that this wallet could have been found, it remained hidden until the very time I needed it most. If this wasn't a sign from God or w/e you do or don't believe in, I don't know what is. + +After coming across this card my paperhands solidified into solid fucking diamonds. I watched the price like a hawk and bought the dip. I'm in 20 shares at \~$190 now and I'M NOT FUCKIN LEAVIN. +After reaching FI, many people start optimizing for personal health since this now becomes the limiting factor to quality of life. What are your uncommon tactics for staying healthy? + +There’re the common ones: don’t smoke, exercise, eat properly. Get annual physicals with bloodwork, don’t defer seeing the doctor when you notice something strange. Do genetic sequencing to find genetic disease predispositions. + +Some context: I’m evaluating some uncommon preventative testing like annual full body scan (Prenuvo MRI) and would be curious if you’ve done this and found it valuable, especially given potential false positive rates for certain cancer +Hi everyone, + + +I need a third opinion. I am 26 years old, Portuguese living in Germany BW. I got to save about 18k in the last 2 years and I am thinking about buying a flat since its hurts me to give away almost 700 euros every month to my landlord. + + +Where I live anything below 200k is only 1 or 1,5 room flats (like a studio basically). If I want 2 or 3 rooms I need to go for about 300k. I actually stumbled across a 3 room apartment that looks great, very central but a bit small (so later on when I have a family I would end up wanting something bigger). For which I just need 25k as an entry. In Germany it is possible to ask for a loan on part of the entry costs as well, which I could do. + + +My doubts are: +\- Is it smart to add part of these entry costs on the loan? +\- I am not 100% sure if I will end up staying in the city where I live right now since my gf is just about to finish her masters and I will finish my PhD in 2 years. Yet, I could always rent this flat afterwards. +Is it smart to buy an apartment if I am not sure if I will leave here on long term? +\- If I end up buying and in 3 - 5 years want to buy something bigger, will I have problems getting a new loan? +\- Should I just wait and invest my savings in ETFs and crypto for the next 3 - 5 years and then buy something? + + +**Hello everyone,** + + +**TL;DR What would you do if you portfolio size was 1m+? Would you still manage it yourself (investing in low cost index funds etc) or would you hire a professional?** + + +**I am 30 years old and I first started investing at the end of January. I used Interactive Brokers and 80% of my funds went into ETFs (CSPX, MSCI world etc) & 20% of my funds went into individual stock picks (I know, I know - not smart).** + + +**I started with approx 200k euros and I kept adding to my positions every week. At the end of September, I had 400k in my account. Out of the 400k, 30k was profit.** + + +**I am lucky enough to be able to earn a lot of money from my business (60-70k+/mo). I try to spend around 5-6k/mo and invest the rest. Naturally, my portfolio grows pretty fast.** + + +**About a month ago I decided to liquidate all my positions. On a 400k portfolio, 1-2% daily fluctuations could be 4-8k in profit/loss every single day. I realised that I couldn’t stomach the volatility.** + + +**I completely understand that this is a long term game. I know that I shouldn’t even care about the daily/weekly/monthly performance. With all those people talking about a global recession though it’s very hard to close my ears and focus on my end goal. I am not really (mentally) ready to lose 40% of my portfolio in case a recession finally hits the markets.** + + +**During the trade war escalation, there were days that I was down 20k. I couldn’t work, I couldn’t sleep, I couldn’t eat.** + + +**I decided to work with a big, Geneva based, wealth management company and let them manage my funds. They said that now it’s time to play defense and be well diversified. They charge 1% annually and the bank (Rothschild) charges another 0.3%. I know how the fees can eat up your margins when they compound throughout the years but I believe that it’s more safe to have a professional to actively manage my portfolio atm. At least till the next recession.** + + +**What is your opinion? For large portfolios (1m+), is it wiser to hire a professional to manage your funds? Does the average investor actually have the stomach to deal with a 40% loss of his lifetime savings?** +The PEPP directive should be in place. But I haven't seen any offers yet. Anyone have information of products in the EU market? + +I want a low cost savings product so I can accumulate tax free. +Hi everyone! + +I'm looking to invest some of my saving for long-term (let's say 10/20 yrs), and I'm looking on advice on where to start. + +Reading past posts on this subreddit I noticed that there are diverging opinions between DIY and using roboadvisors. My idea was to initially begin with a roboadvisor and a not-too-big amount (5k to 10k) to get my toes wet, while remaining open to move to DIY if I feel comfortable with it once i understand what's going on better. I was looking a moneyfarm (that recently opened in Germany) and ETFmatic. + +Is this a sensible initial strategy? Am I overlooking something trivial? + +Ps: Is anyone familiar with capital gain tax in germany? how would i pay taxes? + +Thanks! +Hi everyone, + +I was wondering if I can get suggestions on possible retirement planning options in Germany. I have started a monthly savings plan with Vanguard all-world ETF. I had previously invested some money in a few stock options to hold for long-term. As is obligatory, I already invest in the mandatory pension scheme offered by Deutsche Renteversicherung. I am curious if there are other options available for retirement planning. + +I would appreciate some insight as most online searching leads to US based options with 401k plans which are not really options in Germany. Also my company does not participate in any company pension schemes I think the term is betriebliche Altersvorsorge. + +What are my options? + +Thank you! + +Anant. +Hello! +I am currently a resident in Ireland and have around 25k saved of which I would like to invest 10k in stocks, but I’m struggling to find a reliable online stockbroker. +I am thinking of buying Apple stock before they split it on the 24th of August. +I am very financially illiterate, I kept this sum on my bank card for 2 years now, I know that is silly, I just don’t know in which direction to move, as I don’t want to lose my money. +I want to keep the rest of the money for emergencies. +I also have a mortgage which I want to pay off as soon as possible so all new funds I am earning will go towards that. +Any advice for me? Please go easy on me :) +I appreciate all the advice! +Sup everyone! I added a little something to **[LazyFA Lite](https://lite.lazyfa.com)** for you to play with: real time (millisecond) data on any symbols traded on IEX (which is about 9,000 or so right now). Anything that doesn't trade on IEX will fall back to AlphaVantage which usually has less than a minute delay (still pretty good for free). + +Here's an example: https://imgur.com/a/A0aNeW6 + +It's probably the closest thing you'll get to a real time feed like what you'd get in professional trading software like Interactive Brokers, DAS, or Tradestation, without actually paying for it. I will be adding level 2 data and a time and sales feed in the next couple weeks too. + +I also added a buy/sell/hold indicator that considers things like likelihood of short term volatility, trading style, annual income, debt load and cash flows to tell you whether you should buy/sell/hold for different types of trading. I'm still working on the algorithm for that so most things will say hold for now unless it's a glaringly obvious case of buy or sell, and some may light up both buy and hold or sell and hold if it's unsure. + +Anyway, it's free! Go try it and let me know what you think! + +Looking forward to hearing feedback + +EDIT: Just as a note there is a known bug w/ the ticker list taking a while to load on mobile the first time you hit the homepage. This will be fixed ASAP +I thought it's worth sharing because everybody is posting only that RH is fined for 70m but doesn't post for what is the fine for. + +[https://finance.yahoo.com/news/robinhood-hit-with-record-finra-fine-of-57-million-to-settle-past-issues-143447830.html](https://finance.yahoo.com/news/robinhood-hit-with-record-finra-fine-of-57-million-to-settle-past-issues-143447830.html) + +"To be clear, the settlement is not related to the so-called meme-stock frenzy of early 2021 when, at one point, Robinhood temporarily stopped customers from buying shares of several companies, including GameStop. " +The meme king will reign for 1000 years. You shall not stop him. You will hear his name from generation to generation. No one man should have all that power? This is who Kanye was referring to. Even he has seen what is transpiring in front of our eyes. Ryan Cohen will never be matched. + +https://www.wsj.com/articles/gamestop-chairman-ryan-cohen-takes-large-stake-in-bed-bath-beyond-pushes-for-changes-11646611200 +When considering if a person is high net worth, do you consider their joint income? For example, if one person makes 80k a year and their partner makes 170k, and they have over 1M in combined assets, are they both considered high net worth? I’m also wondering in the context of private client services that some banks offer if your accounts have more than a certain amount. Do they look at accounts only in your name or in both names if you’re married? Thanks. +Currently its: BTC, ETH, XRP, BNB, DOGE + +There are more joke coins and centralized projects in the top 5 than there are decentralized cryptos with use cases. + +Now I have no hate for XRP and BNB investment wise but morally it goes against the theme of crypto about being free from control from centralized parties. I think XRP has good investment potential though, and I have a little bit of BNB personally to use "Defi" without much fees. + +And you know doge. I'm happy it brought many people to crypto but isn't it a bit alarming to see a meme coin worth more than ADA or DOT? + +I know I'm going to get massively downvoted. I'm ready. +Perhaps a bit macabre for a Saturday afternoon but since I've been let loose seeing clients face to face, I'm a financial adviser, I've noticed that one of the questions that almost always evokes the strongest reaction is "would your children know where to find your will in case anything happened to you?" + +Many don't know the answer to this question because they've never had this kind of discussion with their kids. Some aren't even entirely sure where their wills are themselves, often because their solicitor kept the only copy and they were written so long ago they're either no longer in business or have been taken over. + +I've had many tell me that not having this kind of conversation with their own parents has led to family arguments when they've passed away, usually about what songs their mum/dad would have wanted at their funeral and whether they should be buried or cremated. A lot of these were resolved fairly amiably, but for some it has caused major falling out. Others have told me about savings and investments they only found out about by chance because they had real way of knowing what accounts their parents had, particularly as many things have gone paperless these days. + +I haven't talked about this in depth with my own parents, but I do know that my mum has a book in her house where she's written down exactly where to find important documents like her will, what accounts they have (including bills), what they'd like at their funerals, etc., to make my life a lot easier when they do pass away. Ultimately, just about everyone I've met wants to pass as much on as they can to their family so it makes sense as part of an overall financial plan for this to be done as seamlessly as possible. +Hey r/Daytrading, + +I'm a 19 year old uni student, currently studying quite a bit of mathematics and weirdly enough majoring in Physiology, and was introduced to trading at 15, I used to "trade" with my dad back then, however he was trading with a market maker at the time and he copped a net $30000 loss. I have had a successful history paper trading since , and 3 months ago decided to tackle trading with real money, and have more than tripled my accounts earnings. I have also attached proof of my first and final trade, and a brief account summary. + +So about 8 months ago, I posted a question on this subreddit, asking whether "scalping indices was as easy as it seems?", at the time I was trading on a $50,000 demo account and was making consistent profits of at least 10% on the days I would trade, however I was quite skeptical of the large returns, and questioned this rapid success on this subreddit. + +Regardless, after this prolonged period of demo trading, I had saved up $5000 to open up a trading account (with an ECN/STP broker btw), to test the waters trading real money, and to see if I could replicate this success in a real trading account. I did. + +On the first day, I made $900, with no losing positions, this initial success got to my head and I entered a few losing trades the following days of that week, however in the end resulted positive. Long story short in the span of 3 months my $5000 account grew to now almost $27000 (also notable, I did deposit an extra $4000 at one point to maintain a decent margin level after a big losing trade), and more than 80% of the positions i have opened have been in the green, with consistent profits weekly. + +As indicated by my post 8 months ago, I mainly scalp index CFD's, however trading with real money, I have found myself keeping positions a bit longer than what a scalper would. I have stayed away from Forex, and have attempted to trade Amazon and Tesla. + +I'm probably going to continue trading and hopefully continue my account growth. I am planning to day trade with a 30k account and withdrawing profits weekly. I am 19 and a career trading is looking more like an option for me. I'm really trying to get a job or internship at a trading firm, because I believe that would be an invaluable experience, and could possibly kickstart a career for me in trading. + +Anyways, I hope i didn't come off as arrogant or boastful, I just wanted to share my personal experience trading. + +TL;DR: Started with a $5000 trading account, which I grew to $26000 in 3 months, by mainly day trading index CFD's and a little bit of stock CFD's. Attached proof. + +https://preview.redd.it/6tss47h77ql51.jpg?width=828&format=pjpg&auto=webp&s=8b159f9997cfb806942a6e3bdc7b076209fa183f + +&#x200B; + +&#x200B; + +https://preview.redd.it/jny8byga8ql51.png?width=828&format=png&auto=webp&s=b4b1c51a598d472e2ea76f7077ba89c53e3f947a + +EDIT: I haven’t been trading stocks guys, i thought i made it clear that my my main strategy was scalping indices, my post 8 months ago on this subreddit was literally asking why i found “scalping indices so easy”, so the argument that I’ve just gotten lucky these past 3 months is redundant, 8 months ago the market was completely different to what it is now, regardless I havent even been trading stocks (less than 5% of my profits are from stocks) +Also, yeh i dont use stop losses, come at me 🤣 +Hey people, + +A couple of days ago, we had a post of someone asking why their trade went wrong. They saw a ‘rising wedge’ expecting it to break out downwards, but the trade ended breaking upwards. +You can check the original post [here](https://www.reddit.com/r/Daytrading/comments/oq7p0d/can_someone_explain_to_me_why_this_rising_wedge/?utm_source=share&utm_medium=web2x&context=3). + +When I looked at the photo, my first thought was that I personally would have expected for the trade to break upward. Not sure if OP lost money or not on that trade, tho. +But it seemed that some people didn’t clearly understand what I was trying to explain, and for that reason I made this post. + +Firstly, I will want to repeat that alto I agree with the statement ‘never knowing where the market is going’, I find it a weak answer. So I will say that if that’s your mentality going into the market, you will lose. If you never guess you’ll always be wrong, and if you guess wrong you’ll learn. 👍🏾 + +With that being, let's get into it. I will want to keep it short, as I think that the photo’s should make everything thing pretty clear. One of the key things to be successful in the market is **‘edge’**! If you are new to trading, then I think this post can help you get an easy strategy to give you exactly the edge you need to become successful. + +For this strategy, names of patterns is not important. One thing you need to always remember is ‘**trend start’**. Yes that’s pretty much it, sounds to easy right?! Let me explain. + +For **patterns** to form in the charts, it has to start the **trend** somewhere *(****the tail****)*. And that will happen one of the two ways, **from below to above ⬆️ or from above to below ⬇️**. + +[Trends start & Patterns](https://preview.redd.it/qtlst4qkqnd71.png?width=1920&format=png&auto=webp&s=66f7c2f8ad2d0e8a812f9226182f27d6cde0e1ce) + +Trends that start **from** **below to above** *(tend to)* **breakout upwards ⬆️**. These would be '**Bullish Patterns'**. Meaning you can take your **long positions** when it breaks out. + +*You could use these patterns also for scalping, maybe not everyone would agree. But it is a risky move, I use it now and then but with very tight stop losses to be on the safe side.* + +[Simple Bullish Pattern 📈](https://preview.redd.it/ivuz5avdqnd71.png?width=1920&format=png&auto=webp&s=b2b46b17655bfe5a929c9083023018fd7d4259f8) + +Trends that start **from above to below** *(tend to)* **breakout downwards ⬇️**. These would be **Bearish Patterns**. Meaning you can take your **short positions** when it breaks through. + +[Simple Bearish Pattern 📉](https://preview.redd.it/gdw5egvqqnd71.png?width=1920&format=png&auto=webp&s=8baebf10795c2f866a8100ff1356edb35a2cf3ac) + +Some trends don’t always start strong, but the principle remains the same: **from below to above breaks upwards ⬆️** and **from above to below breaks downwards ⬇️.** + +[Breakouts in trends](https://preview.redd.it/si3rnlftqnd71.png?width=1920&format=png&auto=webp&s=22d4634aa0aa74405ad0944c925211a50ff304be) + +What I will add up to all of this is that the use of indicators will definitely help to make sure the breakout you are expecting to be correct. Always enter when you have confirmed the direction of the trade. **Plan ahead and stay alert!** +You will have to find the indicator that fits your style the best, these can also help to plan your entry and exit strategy. (EMA, MA, RSI, MACD, Stoch.Osc. etc.) + +Hopefully these photos are self-explanatory, if not feel free to ask any question. +If you use this simple technique, you can be a profitable trader. 😉 It's basic and simple, but it goes a long way, it would surprise you. + +Good luck with your trading! +Cheers. 😊✌🏽 +32 years old, $86,000 salary + +Debt +- $48k student loans ($20k private at 5%, $28k federal at 4% average) + +Assets +- 20k between 401k and Roth IRA (contributing 11% of my salary, employer matches 4%) +- $4,500 emergency fund +- a very supportive boyfriend + +Take home pay is $4,400 per month. I live in a moderately HCOL area and I help support my family, so overall, after expenses and paying minimums for my student loans ($650/month) I have about $1,500 to play with. + +My strategy for the last 5 months was to save $1000 for my emergency fund and throw the other $500 at a loan above 5%. Now that that loan is paid off, I was planning on continuing this ratio for the next few months until my emergency fund is $9k (3 months) and then after that, reverse the ratio so I'm throwing $1000 additional at my student loans and $500 towards cash/emergency fund. + +I know that the wiki recommends only contributing up to employer match and then emergency fund and then loans, but I feel like at my age, I should be putting more money away in my retirement fund since I only started when I was 31. Also, eventually my partner and I want to purchase a home and have a kid, so I want to build up my cash for that. + +I don't understand why I should only be contributing to my employer match, is that a hard rule, and if so, why? Does my $1000 cash/$500 debt pay down strategy make sense for my situation? I always see people give advice to prioritize paying off debt, but does that make sense for me? + +Thanks for your input! + +Edit - Wrote this before work, just checked the progress, and wow! Thank you everyone for responding. I'll read through all of this in a few hours after I finish working. Reddit is awesome. +* **Company**: [Titan Medical](https://titanmedicalinc.com/) +* **Industry**: Medical Device / Robotic Technology +* **Flagship Product**: The [Enos Surgical System](https://titanmedicalinc.com/enos/) +* **Ticker**: TMDI (Nasdaq) +* **Share Price**: $2.63 +* **Market Capitalization**: $215.7M +* **Float**: 82.02M +* **% Held by institutions**: 3.29% +* **% Held by Public/Other**: 96.61% +* **Average Volume (3 month)**: 1.88M +* **Recent Daily Volume**: 9.98M +* **Investor Fact Sheet**: [Link](https://titanmedicalinc.com/wp-content/uploads/2020/12/Titan-Medical-Enos-Overview-Dec-9-2020.pdf) + +--------------------- + +**I DON’T LIKE TO READ. DO YOU HAVE ANY VIDEOS I CAN WATCH?** + +* 1. Learn how a [single port robotic system](https://vimeo.com/309174288) works. +* 2. Learn about [Titan Medical](https://vimeo.com/309174288) and their vision for the Enos Surgical System. +* 3. Watch a [demonstration](https://vimeo.com/479586580) of the Enos surgical system. +* 4. Watch an [overview](https://vimeo.com/user50119475) of Titan Medical’s third quarter, 2020 update. + +--------------------- + +**GIVE ME A COMPANY OVERVIEW** + +Titan Medical is a medical robotics company, based in Toronto, Canada, which recently completed an incentive based partnership with Medtronic, the largest medical supply company in the world. +Titan Medical’s flagship product is the Enos surgical suite, an ergonomic, single access surgical system, that uses multi-articulated instruments with fluid motion guidance to replicate natural movement. Their workstation is smaller and more mobile than both the Intuitive and TransEntrix surgical suites. With a single port of entry, the Enos requires minimal innervation, resulting in less trauma and scarring than its competitors. They are lead by chairman and CEO, David McNally, a 33 year veteran in the medical device industry, and the co-founder of ZEVEX, an award-winning medical device company. + +--------------------- + +**TELL ME ABOUT THEIR FLAGSHIP PRODUCT** + +The [Enos](https://titanmedicalinc.com/enos/) surgical system, which was rebranded in September of 2020, is a mobile, single access surgical suite, +designed in coordination with laparoscopic and robotic assisted surgeons. Unlike other devices, such as the da Vinci from Intuitive Surgical, the Enos +was developed as a cost-effective, single-incision system, with reusable multi-articulating instruments, and a small footprint. In addition to traditional +operating room procedures, the Enos targets underserved markets, such as a small ambulatory surgical centers. The Enos was designed with an +open architecture, allowing it to adapt to future instruments, beyond traditional graspers, hooks, drivers, and scissors. To date, it has completed +numerous pre-clinical procedures, including hysterectomies, nephrectomies, cholecystectomies, gastrectomies, splenectomies, and colectomies. +For peer-reviewed abstracts, please refer to page 14 of Titan Medical’s [investor overview](https://titanmedicalinc.com/wp-content/uploads/2020/12/Titan-Medical-Enos-Overview-Dec-9-2020.pdf). + +--------------------- + +**WHAT DOES THE MANAGEMENT LOOK LIKE?** + +Titan Medical is lead by chairman and CEO, David McNally, the founder of Domain Surgical, and the co-founder of ZEVEX, an award winning medical technology +company. He is also the co-inventor of over 40 U.S. and international medical device patents. Look at this [man](https://titanmedicalinc.com/leadership/). He is the +most CEO looking guy that I’ve ever seen. He’s been building successful companies since his early twenties. At research and development, the company is +lead by Dr. Perry Genova, PhD, an accomplished biomedical engineering executive. Dr. Genova previously managed Centauri Robotic Surgical Systems, a +private company specializing in robotic stereotactic neurosurgery. Prior to that, Dr. Genova was the president and CEO of Oncoscope, a medical device company +that was acquired by SpectraScience in 2016. + +--------------------- + +**DOES TITAN MEDICAL OWN ANY INTELLECTUAL PROPERTY?** + +Yes, Titan Medical has 58 issued patents, with 84 patent applications pending. + +--------------------- + +**DOES TITAN MEDICAL HAVE ANY INTERESTING PARTNERSHIPS?** + +Yes, and for me, this was the most important recent milestone. In June of 2020, Titan Medical entered into [an agreement](https://www.massdevice.com/medtronic-turns-to-titan-medical-as-it-makes-robot-assisted-surgery-play/) with +[Medtronic](https://www.medtronic.com/us-en/index.html) to advance the development of their robotic surgery technologies. The agreement includes a 10 million dollar payment, +and an additional series of payments totaling $31 million in exchange for Medtronic’s right to license certain technologies from Titan Medical. Medtronic is the largest medical device company +in the world, and they are making substantial efforts to compete with Intuitive Surgical. Medtronic has a long history of billion dollar acquisitions. For example, in 2018, they purchased Mazor Robotics, a medical robotics company that specializes in spinal surgery, for $1.7 billion. If I had to speculate, I believe there is a high probability that Medtronic acquires Titan Medical. + +--------------------- + +**DOES TITAN HAVE THE CAPITAL TO CONTINUE DEVELOPMENT?** + +Yes, please refer to the paragraph above, which discusses their partnership with Medtronic. You can view Titan Medical’s third quarter 2020 press release +[here](https://www.businesswire.com/news/home/20201116005309/en/Titan-Medical-Reports-Third-Quarter-Financial-Results). You can view their +$10 million technical milestone press release [here](https://www.businesswire.com/news/home/20201026005235/en/Titan-Medical-Announces-Achievement-10-Million-Technical). + +--------------------- + +**WHAT OTHER INTERESTING DEVELOPMENTS HAVE OCCURRED RECENTLY?** + +1. In addition to their partnership with Medtronic, Titan Medical released a [regulatory update](https://www.businesswire.com/news/home/20201230005089/en/Titan-Medical-Provides-Regulatory-Update), from the FDA, which indicated that the Enos system is appropriate for classification through the De Novo pathway, and confirmed that Titan Medical will file +a clarifying pre-submission for Investigational Device Exemption studies. + +> In view of the FDA’s written response and other information available to the Company at this time, the Company would likely proceed with a De Novo classification request for its Enos system in place of a 510(k) submission. Should the FDA grant the De Novo classification request, the Class II device would be cleared to be marketed. + +2. In late 2020, Titan rebranded its surgical system, the SPORT surgical system, to the Enos robotic single access surgical system, so it could better represent +its design and capabilities. + +3. In late 2020, Titan Medical obtained two additional U.S. patents for methods and apparatuses for camera positioning and hand controller +Apparatus for gesture control and shared input control in a robotic surgical system. + +4. In September of 2020, only a few months after Titan Medical inked a deal with Medtronic, we saw a major increase in institutional investment. +JP Morgan increased their equity in Titan Medical by 29,600 shares, for a total of 47,000. Bank of America increased their position by 60,900 shares, +for a total of 70,605. Two Sigma Advisers, the famed hedge fund which uses AI and machine learning, increased their position by 73,500, for a total +of 220,600 shares. Other notable institutional investors include Capital One, Morgan Stanley and Royal Bank of Canada. + +--------------------- + +**WHERE DO YOU SEE THIS COMPANY IN THE FUTURE?** + +At this stage, I consider Titan Medical to be an early iteration of [Intuitive Surgical](https://www.intuitive.com/en-us) ($ISRG), which is a leader in robotic-assisted systems. Intuitive Surgical +developed the famed [da Vinci](https://www.davincisurgery.com/da-vinci-systems/about-da-vinci-systems) surgical system, which received FDA approval in 2000. Since the release of the +da Vinci system, Intuitive Surgical’s stock has appreciated over 8,000%. There is a [growing consensus](https://www.nasdaq.com/articles/under-30-2-unstoppable-stocks-to-bet-your-retirement-on-2020-12-23) +that robotic-assisted companies will become the leading investment class over the next several decades, even outpacing dominant stocks, like Amazon or Apple. Considering the competitive landscape, +the previous success of Intuitive, the rapid growth in robotic technology, and Titan Medical’s partnership with Medtronic, it’s reasonable to consider that they might be acquired by Medtronic. + +--------------------- + +**WHY SHOULD I SPECULATE ON TITAN MEDICAL INSTEAD OF INVESTING IN INTUITIVE SURGICAL?** + +The easiest answer is the best answer. This is a microcap stock forum, and our goal is to discover and speculate on companies before they reach extraordinary valuations. Intuitive is an established company, and the majority of its yield has already been realized. Titan Medical is an early stage, medical robotics company, with a suite of emerging robotics technology, and a series of upcoming triggers both in the near-term, and over the course of the next several months and years. Their incentive based partnership with Medtronic gives them access to capital, engineering, and leadership, ensuring the company +can reach full commercialization. + +--------------------- + +**HOW WELL WILL THE SURGICAL ROBOT MARKET DEVELOP?** + +There are various opinions on this subject, but all reports indicate massive growth over the next 5-7 years, citing CAGR rates between 16-25%. You can read analysis from +[Emergen Research](https://www.emergenresearch.com/industry-report/surgical-robotics-market) and [MordorIntelligence](https://www.mordorintelligence.com/industry-reports/surgical-robots-market). +The competitive landscape is straddled between a fragmented market, without dominant players, and a consolidated market, dominated by only a few major players. More specific reports, +such as the [Global Urology Robotic Surgery Market 2020](https://www.businesswire.com/news/home/20200519005757/en/Global-Robotic-Surgery-Devices-Market-Report-2020-to-2030---COVID-19-Growth-and-Change---ResearchAndMarkets.com) report, cites Titan Medical as a top player in the robotic surgery market. Historically, and recently, companies like Intuitive, Stryker, Verb +Surgical, and Medtronic have made several acquisitions, all in an effort to gain an edge. I believe this reinforces the possibility that Titan Health could be acquired, especially considering the ENOS system has unique engineering elements and patents that existing and developing surgical suites do not have. + +--------------------- + +**WHY ARE YOU BUYING IN RIGHT NOW?** + +I have been following Titan Medical for over two years now. Previously, I was hesitant to invest due to their financial situation. I wasn't certain if they had enough capital and resources to reach commercialization, but I remained highly interested. Their presentations during 2020 were compelling, especially when they presented at the [H.C. Wainwright conference](https://wsw.com/webcast/hcw7/register.aspx?conf=hcw7&page=tmdi&url=https://wsw.com/webcast/hcw7/tmdi/1605854). I was on the verge of opening a position, and when Medtronic announced their deal, I was convinced this is was company I wanted to speculate on long term. Recently, I've noticed an increase in major [institutional investments](https://www.nasdaq.com/market-activity/stocks/tmdi/institutional-holdings), and the regulatory feedback they have received from the FDA has been great. It creates compelling headlines, and brings us closer to an ultimate FDA clearance. Based on sentiment and activity analytics, I believe that they’re entering the beginning of a hype period. I expect we'll begin to see numerous articles and forum posts about them. For these reasons, and several more, I increased my position on Friday by 6,000 shares. + +--------------------- + +**WHERE ARE WE AT IN THE HYPE STAGE?** + +Let me preface by stating that I almost exclusively prefer to enter positions before any hype exists. You will make significantly better returns +by positioning yourself before the crowd arrives than you will by chasing the hype after it has occurred. Based on market sentiment, and the frequency at which Titan Medical +is referenced on YouTube, reddit, and other social media and investment platforms, I believe we’re at the beginning of the bell curve. +I use a proprietary sentiment tracker, which I cannot release (it’s not mine), however publicly available systems, such +as Google’s trend analytics, show that activity has recently broken a 30 day high. For the first time, over the last 1-2 weeks, I’ve begun to see the first +references to Titan Medical on various YouTube channels. However, the activity on Reddit is currently very small, which is good in my opinion, since Reddit tends to be last in the hype cycle. By the time stock picks become +hyped on Reddit, most of the short term gains have been had. + +--------------------- + +**WHY DO YOU HAVE SO MUCH CONFIDENCE IN THIS STOCK?** + +My background is in medicine and human physiology, while my more recent work and education is in financial markets. Although I was not a surgeon, I have an adequate medical background to understand the need and utility of surgical robots, and to be able to accurately interpret research publications. I have a network of friends and colleagues in the industry that have helped me review the company, including several laparoscopic surgeons. However, the majority of my confidence comes from Medtronic. As a partner and investor, Medtronic received exclusive access to the finances and engineering of Titan Medical. They were able to investigate the company beyond what any of us could accomplish, and these investigations resulted in a significant partnership. Based on Medtronic’s success, their history of acquisitions, their extensive resources, and their explicit desire to dominate the robotic surgery market, I believe Titan Medical is a winning investment. Because Titan Medical is in a pre-commercialization stage, the masses have not yet noticed this stock, and I believe that provides an asymmetrical risk due to the enormous potential profit. Even at early speculative stages, I expect this +company to have a billion dollar market cap. + +--------------------- + +**THIS SOUNDS INTERESTING. HIT ME WITH SOME CRAZY HYPE. WHAT WOULD HAPPEN IN AN IDEAL SCENARIO?** + +If Titan Medical were to achieve a market capitalization similar to Intuitive Surgical, it would reach an equity share price of approximately $1,140/share. This would amount to an estimated 46,500% +increase from Titan Medical’s current share price. In the short term, I believe we see major price action based on their Medtronic partnership, their improved financial situation ($10M bought deal +offering is expected to close on Jan 29th), their FDA milestones, and their pre-clinical operations. Based on the impressive price action on Friday, and over the course of the previous week, I +expect this company to start hitting Reddit, YouTube, and other major forums, which, believe it or not, has been a major indicator for short and long term stock gains. + +--------------------- + +**TL;DR**: Titan Medical is a surgical robotics company that developed the [Enos surgical suite](https://titanmedicalinc.com/technology/), an innovative, single-access surgical system, designed in coordination +with laparoscopic and robotic assisted surgeons. This company plans to replicate the success of Intuitive Surgical, a surgical robotics company worth over $87 billion, who’s share price has increased over 11,000% +since the introduction of their da Vinci surgical system. In addition to their rebranding, Titan Medical recently completed an incentive based partnership with Medtronic, the largest medical device company in the world, +which will provide financing, board oversight, and research and development assistance. This is a major milestone for Titan Health, because it ensures their success, either through their own development, or through acquisition. +The stock has been on a steady upward trend since the deal was announced, but based on recent volume and online activity, and growing institutional investment, I believe it’s entering an accelerated bullish phase. + +--------------------- + +**POSITION**: 12,000 shares of TMDI + +Obligatory Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +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.** +[https:\/\/www.dtcc.com\/-\/media\/Files\/pdf\/2021\/8\/23\/15767-21.pdf](https://preview.redd.it/db3aj0h3j5j71.png?width=940&format=png&auto=webp&s=49e61696de873923d77f2944aac6a5ec242c75f6) + +[https:\/\/www.dtcc.com\/-\/media\/Files\/pdf\/2021\/8\/23\/15767-21.pdf](https://preview.redd.it/f8nk0mc6j5j71.png?width=941&format=png&auto=webp&s=22f76eac6da736f8de90c4ff1dfeb8a870c054e1) + +DTC Underwriting Alert! Section 3 (c) (7) restrictions for owners of the following issue: Citadel Finance LLC + +EDIT Hat tip to u/StonkyMcshart: + +>"This is senior debt that citadel financed back in March ([https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441)) need to read further into what restrictions were placed on this 600m debt bonds. +> +>So some things that jump out to me is citadel finance llc which would be the hedge fund side not the market maker. +> +>It appears as though they are filing for an exemption to the term “investment company” section 3c7 DTC “3c7”: Indicates the Issuer of the security has informed DTC that it is relying on the exemption from the definition of “investment company” provided by Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “Investment Company Act”). DTC has been informed by counsel to certain of these issuers that: Section 3(c)(7)" + +&#x200B; +Im 22 (M) and in my current job I make $40/hr. I was thinking of attending a masters program that will last 18 months and it will cost $45,000 for tuition. Once i graduate starting pay will be $75/hr. Should i bite the bullet and go for it? +Long story short, I need to finish my degree, which is going to take anywhere from 5-8 years. Thinking about hiring a property manager to market and maintain it, so I can hold on to the home but won't have to pay the mortgage/taxes on it anymore (I want to eventually move back into it, and probably die in it). + +Is this a plausible solution? Couldn't care less about making a profit off of it, I have a free place I can live in the mean time and am going to live there until my education is finished and I can finally afford it again. I just don't want the worry of marketing and maintaining the home on top of everything else I will have to worry about. +(Throwaway account because I'm embarrassed to ask this and will probably make a large number of incorrect statements that reveal my total ignorance in the following. Please feel free to correct all of them! Having said that, I'll refrain from putting "Correct me if I'm wrong, but..." before every sentence below -- just pretend it's there though.) + +For example, a lot of big tech companies like GOOG and AMZN likely fall under this category. (Notably not AAPL since they do pay dividends.) + +The obvious reason to buy stock in such a company is if you expect its price to go up, so that you can make money by selling it at the higher price later on. + +And I get that -- it makes perfect sense that person 1 owns it because s/he thinks person 2 will value it higher later, who thinks that person 3 will value it even higher later, etc... But at some point down the line, for all of that to make sense, doesn't there have to be a person N who buys the stock expecting to directly profit from the company's profits and/or its increased value (as in the context of an acquisition, for the latter)? + +It's very obvious to me what the "real" value of equity is in a startup that's likely to IPO or be acquired later. It's also obvious what the value of equity is in established companies that regularly pay investors a percentage of profits in the form of dividends. But the question of what the "real" value of equity in companies that fit the title is has been bugging the shit out of me! + +I can think of 3 categories of answers to this question: + +* There are one or more (probably obvious) reasons to own such a stock that I completely missed. +* There aren't any other reasons to own such a stock, but there actually aren't any companies in existence that fit the thread title -- in fact there is an expectation that even companies like GOOG and AMZN will *eventually* pay dividends and/or be acquired at some point down the line. +* There actually are no other reasons to own such a stock -- nobody expects companies like GOOG or AMZN to ever pay dividends or be acquired, and buying such a stock really is just a bet that the price will be higher later and nothing else. (In which case I won't be able to get past feeling like this is some sort of paradox and philosophical black hole for my brain...) + +Which is it and why?! (Or is it something else entirely? Or am I not making any sense at all?) +Hello, I am curious about which of Trump's economic policies, if any of them, were beneficial to the working class. I often hear statistics about unemployment being lower or wages being higher under Trump's administration, but what actual policy under Trump improved the conditions of wage laborers? + +Thanks +I am interested in macroeconomics, but I feel like a majority of the curves and "laws" I learn from my textbooks are vastly different from their modern versions in research. What does the modern incarnation of the Phillips Curve look like, and what is its interpretation? +For example, I'm moving in an appartement where the ex tenant is selling all her furniture. She want's to sell me this those night tables for 50$, I don't really have any use for it and told her I,m willing to take them for 20$ because of that even tho they might be worth more, it's as high as I'm willing to go for those table and on her side she says they are antiques and she's not willing to go under 40$. And I'm telling her I don't mind that they are antiques because they are not my style and i don't really need them. So what's the difference between our both percieved value of the tables called? Could i say the marginal utility of those table is lower for me than it is for her hence the reason why the trade doesn't occur? in other word what's the name of the difference between the subjective value of the seller and the buyer of the same item? +I dont even know if it has a name or if this is the right place to ask, but Im writing a paper on small towns that rely on big business if that makes sense, and it would be easier to do research if I knew exactly what to look for. To try and give an example: everyone in the town works in a factory for one central purpose and if that factory were to close down, many would be unemployed. Thanks! + +Btw. I know next to nothing about economics, so if someone wants to talk about this more, it would be greatly appreciated! +Many other east asian nations are developed, and are showing western levels of GDP growth now. However their per capita income is all over the map. + +In nominal values: + +Taiwan - around $22k +South Korea - around $30k +Japan - around $50k +Singapore - around $54k + +Can any of that be used to predict when China's economy will be so large that they start experiencing western levels of growth rather than developing nation levels of growth? Or is China's economy so different from nearby east asian nations that you can't compare? + +I was assuming China would see 5-7% GDP growth rates until their per capita GDP hits about $20k in nominal values. Then maybe drop to 3%. Is that a fair assessment, or is that baseless? + +What I'm wondering is will China's economy continue to grow until it is on par with places like the US or Japan ($50k in nominal terms, or whatever the value is in 20-30 years) or will China's economy start to stall once they hit the high teens in per capita income? The difference between a Chinese economy with a per capita GDP of 18k and one with a per capita GDP of 54k is an economy that is worth about 23 trillion vs 65 trillion. +I have been looking at some historical economic data since the stock market has been having issues and I noticed that the chart for the stock market over time is much more volatile than the chart for GDP over time. My intuition tells me they should be much more closely related, but over the last couple decades the stock market looks incredibly volatile. + +&#x200B; + +Is my intuition wrong? Why is it more volatile? + +Why does it seem to get more volatile in the last couple of decades? + +&#x200B; + +&#x200B; + +[https://tradingeconomics.com/united-states/gdp](https://tradingeconomics.com/united-states/gdp) + +[https://tradingeconomics.com/united-states/stock-market](https://tradingeconomics.com/united-states/stock-market) +This is something that's confused me for a while. As best I can tell there is, at minimum, a sizeable portion of the female population that would buy clothing with pockets if they were easily available, no sizeable portion that would intentionally avoid them, and no significant expense to adding them. Why hasn't simple supply-and-demand made pockets for women the standard? +I know that the way that the US government controls the money supply is to sell or buy government securities from banks. + +During Open Market Operations, the feds can sell bonds and government securities to banks to decrease the money supply. So what if the banks DOESN’T WANT to buy those bonds and securities? + +Wouldn’t that cause inflation and also lack of confidence in the Feds and potentially the US currency itself? +I read this [article](https://www.forbes.com/sites/natalierobehmed/2017/06/20/vice-medias-shane-smith-is-now-a-billionaire/) on an online media company named Vice with a value of $5.7 billion despite it having revenues of $500 million. While it's rival, Time, has revenue of $3.1 billion but a value of only $1.4 billion. This makes no sense to me. +Basically title. I just finished reading the book, and I learned a lot from it. But I'm not sure where to go from there. Do I branch out into more complex and focused topics, or stay reading more "basic" books? Any reply is appreciated. Thanks! +I'm an economics student but have not heard much for or against this claim, other than from pundits who are more ideologically-minded than economically-minded. I would be interested in any studies that argue either for or against this claim. Thanks! +So, for context, I would consider myself a political and philosophical hobbyist, with little to no real economic knowledge. I have been attempting to change this by opening up to reading some more economic-centered books. I picked up "The Deficit Myth" by Stephanie Kelton on a whim and began to read what seemed to be a "too good to be true" economic argument. As I do not have the economic background to fundamentally check the claims of the book I have come here to ask for some criticism of what claims it seems to me the book is making. I tried to search online for these criticisms but most of the criticisms looked like strawmen arguments against the claims and a general "Leftists are dumb" take. + +The claims. + +1. As the producer of the fiat currency and the possessor of a large amount of economic freedom, the United States has a fundamental difference when it comes to budgeting from a home or business. We don't care about a deficit, because we can always print money to fill funding obligations, what we really care about is inflation. +2. The government isn't interested in getting money back for taxes, as we don't need the money. What the government plans to do with taxation is to distribute a currency then place a tax that incentivizes production within the economy to earn that currency to escape legal action (going to jail etc.). +3. The Fed uses interest rates to affect unemployment and business investment to control inflation. This is not only arguably ineffective but also is inherently wrong as it leaves people without employment. +4. Instead, we should use Fiscal Policy to influence inflation via cutting taxes when inflation is low and raising them when it is high. This would allow the economy to operate at our "full employment". +5. In order to provide a safety barrier for when Fiscal Policy cannot get passed in time, we should provide a federal jobs guarantee. This also helps provide a metric as to how well the economy is utilizing its resources by virtue of how many people take part in this program. + +Yea these are what I pulled out, like I said I'm pretty economically illiterate. If anyone takes time to respond to this thank you, and if this is not appropriate for this subreddit then I apologize. +A few hours after closing the accounts I was relieved that I couldn't sign in to their mobile app because I figured it meant that it was successfully closed. + +I accidentally/reflexively signed into the Bank of the West App a few weeks later while trying to look at my new bank's mobile app and was disappointed to get this screen: + +[https://imgur.com/AlAKSBl](https://imgur.com/AlAKSBl)(it says checking is $-70) + +5 minutes later I signed in again and got this o.0???????: + +[https://imgur.com/MTNqaYU](https://imgur.com/MTNqaYU)(it just says I have no accounts) + +It's back to the $-70 checking account right now and I wouldn't be surprised if the automatic monthly transfer from savings to checking that I had set up before I closed both accounts "overdraws" my closed account more. + +Slimy jerks don't put the word "closed" on the receipts:[https://imgur.com/jMljNW1](https://imgur.com/jMljNW1) + +\^\^I guess it's all my fault though since, even though the teller assured me at least 3 times it's closed, one of the receipts they gave me states "Transaction is subject to verification." \*eye roll\* + +&#x200B; + +EDIT 1: Just got off the phone with a rep. Judging by the script they seemed to be following it was definitely a "lets stall and see if explaining the charge will get them to pay" tactic. After a heated but honest exchange of words they told me they could take off the overdraft charges but they couldn't take back the payments. Which isn't 100% fair (closed is closed and, by any measure of morality, it should be on me to settle debts with blocked parties) and it doesn't pay for my needlessly lost time and frustration. I'll have to close the account \*again\*. They said they will read a script to me to inform me this time that it takes 5 days to close an account and I replied "Well, that's better than the way it was handled last time." Overall, they were reasonable and I feel sorry that that is there day job. I might be over-reading their tone but I instantly thought "Was this person just crying" as soon as they picked up the call and started saying hello. + +&#x200B; + +EDIT 2: Tried to transfer money to cover paid debts online. + +[https://imgur.com/6KR6zJf](https://imgur.com/6KR6zJf) (it says "External transfers are currently unavailable). + +Spent 30 minutes on the phone, 25 of which were on hold. Transfers suddenly work again but not 1 or 2 day ones, only 3 day ones. They will not close the account in the mean time with money incoming to cover debt. So, more overdraft fees incoming? + +&#x200B; + +Edit 3: 4-5 days later, after paying for the debits to the account with zero balance but not the overdraft fees, I called back. The next phone rep contradicted the last one by saying they can't reverse more than one overdraft fee a year over the phone and they also can never close the account over the phone. So, I am ruining a half-day of work to go back to the branch I originally went to to close the account because, of course, their hours are 9-5 M-F. Hopefully, I'll be submitting my last edit to this Reddit post after that... ...hopefully. + +On another note, a redditor who sounds legit, PM'd me saying they are BoW employee back around the time I first made this Reddit post. They say they want to help and asked for my account number if I was comfortable giving it away. I am not but hopefully giving them a heads up that I am coming into the branch today will help me. I don't think either of us knows of any protocol for verifying each other's identity when first contact was made over Reddit. +This may not be the right place to ask this question but it's frustrating to have to wait for a trade or bank deposit to clear. So why with the technology we have today are we still relying on human beings? + +Edit: wow this blew up, thanks for all your responses!!! I was just venting because it seemed stupid to have banks or markets close the same time you get off work +If you and your spouse are both withholding as married, taxes are withheld as if this paycheck is your family's only source of income. That's why everything looks fine and dandy with only one W-2 put into your online tax preparer, but there's a sudden massive liability when you put your spouses in. Your spouse didn't mess up, the same thing would happen if you put their W-2 in first and your W-2 in second. Both of you should be withholding as either single or dual income. + +Similarly, each job withholds as if it is your only job. If you have 3 jobs where you each make $12k a year, each job assumes you'll have no tax liability. It looks fine when you put the first W-2 in, but increases as you add the others. Your second and third job didn't mess up, the same thing would happen if you started with either of the two other W-2s. Use the IRS's official tax burden estimator to figure out how much extra you should be withholding through one of these jobs to compensate for the other two. + +Edit: I'm not affiliated with TCF National Bank, it's joking username +At time of writing, GOOG market cap is $1.06T and other tech giants are much higher (AAPL is $2.01T, AMZN is $1.65T, MSFT is $1.61T). That gap feels large to me. Also, FB is valued at $760B with much lower revenue and decelerating growth, so its gap vs GOOG seems small. + +Is GOOG a good buy? Are these other companies just overvalued? Curious what you all think. +Here's my thinking: + +* GOOG has rock-solid fundamentals - excellent gross margins, has maintained \~15%+ YoY revenue growth even at their scale, and search is a steady business with many entrypoints across the Google ecosystem +* GOOG has bets across so many forward-looking industries that I think they will be able to diversify over time and don't have real risk of not continuing to innovate. There's of course the risk of anti-trust and privacy regulations, but that's been true for years now (although things do appear to be ratcheting up). +* It seems their stock hasn't mooned during covid because a meaningful share of search volume (and subsequently search revenue) comes from brick-and-mortar businesses (as opposed to someone like FB, whose ads biz is more of an ecommerce/direct-to-consumer play), which puts a drag on their revenue. This was the main reason for their relatively weak Q2 earnings a couple weeks back. + +Disclaimer: I own shares of every company mentioned here. Thanks for your input - I really enjoy this subreddit and have learned a lot from reading other posts. +Admittedly I'm not an expert, but I'm learning and while reading the book by Boyle and Mcdougall I've found an interesting tidbit: according to the OCC 72.2% of options are closed before expiration, 6.3% are exercised and only 21.5% expire worthless ([2019 data](https://www.optionseducation.org/referencelibrary/faq/options-exercise), under the question "How many options expire unexercised? How many do option holders exercise?"). + +IMO, it would be good to add the actual data in the wiki, it gives a bit more prospective to new enthusiasts instead of perpetuating a factually wrong notion. +I seen you can now get credit on dominos?! Surely this is a terrible thing to do? + +What do you guys think of the implications of this is? Do you think it could force some sort of credit boom? + +Cheers! + +Edit. My point is that could easily accessible credit for non essential items become a slippery slope for some? + +Edit2: the consensus is that financing a pizza on 3 payments via klarna etc is the same as putting it on a credit card. I completely disagree but there you have it. +I seen you can now get credit on dominos?! Surely this is a terrible thing to do? + +What do you guys think of the implications of this is? Do you think it could force some sort of credit boom? + +Cheers! + +Edit. My point is that could easily accessible credit for non essential items become a slippery slope for some? + +Edit2: the consensus is that financing a pizza on 3 payments via klarna etc is the same as putting it on a credit card. I completely disagree but there you have it. +I’m here to vent. + +I’m pretty fortunate that my job had pharmaceutical reps coming 3x a week for breakfasts or lunches for us in the office. Most people are respectful the first pass around for food. If there’s leftovers, we save them for the next day and then after that people are free to take extras home. + +There’s been someone in the office who takes more than they should. I’m sympathetic because I don’t know what others situations are and hey maybe they needed that. + +But today we got a message that there were 6 half gallons of OJ left from breakfast the other day, and they were up for grabs. + +One person took all 6. I just wanted one to have for Christmas morning. So I replied “wow thanks to who is leaving us an open one and taking the 6 jugs” + +And someone comes around like don’t complain the bosses don’t care and will take lunches away from all of us. It’s just OJ. Who cares?” + +I care. My main source of food is the meals provided by my job. Everyone loves how much weight I’ve lost and how good I’m looking…but that’s because I can’t feed myself. But no worries. Nobody cares. + +Edit: I’m crying about OJ. Lmao. +(* In my opinion...) + +(** WARNING: Long Post!!!) + +--- + +**TL;DR:** Set up three accounts: Expenses, Savings, and Flex. Expenses are bills (on auto-pay), Savings is whatever you want to save, and Flex is your paycheck-to-paycheck spending money. :) + +# Background + +I personally feel like budgeting has a bad reputation. It's a scary word that conjures images of Ramen noodles, coin counting, and file cabinets swelling with paper receipts of every KitKat™ and pair of socks you bought over the past 15 months. + +It doesn't have to be this way. It shouldn't be scary. It isn't! In fact, budgeting can be fun and *incredibly* relieving once you start seeing the numbers laid out before you in an organized fashion. + +First off, I have seen this method written about, blogged about, podcasted about, and Youtubed about many times before, so I do not claim to be the author or inventor of this method of budgeting. + +However, I did accidentally start budgeting this way and only after-the-fact discovered that what I was doing was a common way of budgeting! + +# The Philosophy + +In the simplest of terms, your money can be looked at in three ways: + +**1. Money for Expenses** + +**2. Money for Saving** + +**3. Money for Everything Else** + +That's it. Three lenses through which you should always look at your hard-earned money. + +### **1. Money for Expenses** + +Henceforth referred to as *Expenses*, this is all money that is spent on a recurring basis. + +It is important to note that for your financial protection, you should consider two types of expenses: *Monthly Expenses* and *Irregular Expenses*. + +#### - Monthly Expenses + +Monthly Expenses are billed every month. This is the most common type of expense. Two oft forgotten expenses are **debts** and **loans**. You should not treat these any differently than you do paying rent or paying for Netflix. The more you treat paying off that credit card balance as a monthly expense, the fast you'll have it paid off! + +Examples of monthly expenses are: + +* Rent or Mortgage +* Utilities +* Car Payment +* Insurance +* Internet and TV +* Cell Phone +* Debts and Loans +* Netflix/Hulu/HBO/Cinemax +* Spotify/Apple Music + +#### - Irregular Expenses + +Irregular Expenses are billed at different recurring intervals such as every three months, once a year, or once every two years. I've been burned too many times forgetting to budget for car registration only to be hit with an unexpected $150 registration fee that has to come out of my vacation fund or my emergency savings fund. Not good. It's best to budget for these types of expenses so that you're never surprised. Depending on the amount and interval, it will likely only be a couple dollars from each paycheck, so you'll barely notice a difference. + +Examples of irregular expenses are: + +* Car Registration (once a year) +* New Tires (about every two years) +* Oil Changes (for me, roughly every three to four months) +* Certain Print Subscriptions (quarterly or once a year) + +Calculate your monthly and irregular expenses into a single, per-paycheck value, and this represents the amount you have to save every single time you get paid in order to cover all of your bills. You already put them on auto-pay, right???? + +### **2. Money for Saving** + +Henceforth referred to as *Savings*, this is all money that you lock away in a savings account, only to be spent in an emergency, or toward the intended goal. + +Everyone already knows that you should have at least $1,000.00 put away into an emergency fund. If you didn't, then it's never too late to start saving! + +This, however, doesn't have to be (and probably shouldn't be!) your only savings goal. I have several personal savings goals that are divided out in a spreadsheet. For simplicity, I use percentages, but you could use dollar amounts, as long as you calculate the per-paycheck amount. + +Example savings goals are: + +* Emergency Fund +* Personal Fund (vacations, new computer, etc.) +* Investing +* Charity/Giving + +As with your expenses, sum together all of your savings goals into a single, per-paycheck value, and this represents the amount you have to save every single time you get paid in order to meet your goals. + +### **3. Money for Everything Else** + +It's been four months since you've even looked in your Expenses checking account since everything is on auto-pay and you know exactly how much money you need to save per paycheck to cover your bills. It's pretty freeing to never worry about forgetting a bill and being charged a late fee. (Note: You really should keep an eye on this a couple times a month just to make sure auto-pay did it's job correctly. If you change addresses or close/open bill accounts, then you'll want to monitor to make sure things don't go awry.) + +Your savings account is getting larger and larger, and you're becoming more and more protective of what money is in there. *"I have $5,822.46 in there now...I can get to $10,000.00 by the end of the year if I keep this up!"* + +So what about the leftover money from your paycheck? Money that isn't for bills or savings? This money shall henceforth be referred to as your *Flex* money. + +Flex money is similar to the envelope system in that it has no restrictions whatsoever. Use it for groceries. Go get a haircut. Buy those new shoes you want. Get another pint of your favorite IPA with that guy you just met on Tinder. + +Spend it on whatever you want. + +### **BUT...** + +Once it's gone...well...it's gone. You see, I've attempted micro-budgeting in the past wherein I set precise allowances for groceries, movies, barhopping, restaurants, new clothes, etc. The problem is it's never so cut-and-dry. Sometimes I would go two weeks cooking every single night...other times I wouldn't dirty a plate and go to restaurants every night with friends. + +The key, I found, was not setting restrictions categorically, but rather as a whole. Budgeting can (and should be) much more agile because as much as we might think we are, we are not creatures of habit. Things change. It's easier to adapt when you see your Flex account dropping: *$100*...*$56*...*$12*...**PAYCHECK!** + +After the first month or two budgeting this way, you'll develop a rhythm and cadence for your spending, and be good at watching your Flex account to make subtle changes in your spending. + +For example, I get paid this coming Friday. As of now, I have $18.00 left in my Flex account. I know that in order to avoid dipping into my savings accounts that I have to be careful how I spend my money between now and Friday. Technically I *could* dip into my vacation budget, but then I'll have to make up for it later. + +--- + +So that's it! A long post to describe a simple way of budgeting. I have seen it work for people like me (26 year-old, single Male) **AND** married families with multiple kids. It's just a matter of scale. + +### If you made it this far, you deserve to download my budgeting spreadsheet that should help you figure out your three budgetary divisions (Expenses, Savings, Flex). + +### [XLSX - Download this one if you have the newer version of Excel](https://www.dropbox.com/s/sscqk4zl91eklja/Budgeting%20101.xlsx?dl=0) + +### [XLS - Download this one if you have an older version of Excel](https://www.dropbox.com/s/qnx1zp6fmdi8apl/Budgeting%20101%20-%20Older%20Version%20of%20Excel.xls?dl=0) + +Definitely open it in Excel instead of viewing/editing it in a browser. Looks much cleaner in Excel. + +**NOTE:** Tables in the spreadsheet assume semi-monthly paychecks (24 total per year) because I'm paid on the 15th and 30th. If you are paid bi-weekly (26 paychecks per year) or at any other interval, you'll have to adjust the formulas in the semi-monthly column to reflect per-paycheck amounts. +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. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +There’s more to decentralization than using BTC + +I see these people all the time, and I’m sure you do as well. People who think that once they’ve moved on to using BTC, they’re forever freed of taxes, institutions, the government, and ‘big brother’. Well it doesn’t work that way, and those a little more experienced in crypto will tend to agree. + +Bitcoin was an experiment, it went well but it still has a long way to go. Bitcoin isn’t anonymous, it’s pseudonymous, anyone who can find one address of yours, can track your entire search history. + +Something else Bitcoin has to work on, is the largeholder control. A few whales control the majority of the market. Decentralized organizations have already solved this using DAOs. You see when you use a DAO, take BitDAO for example, you don’t have to put your trust in the hands of a few sketchy men. + +Instead, you are given the choice of handing your confidence to the entirety of the public. No honest man is in power, and no power is given to an honest man. You can’t trust humans to control your fortunes. You too, should handle a share of the responsibility of the fortunes of yours as well as others, and that’s how DAOs work. + +If you only trust politicians to rule and soldiers to fight, then don’t be surprised when war is fought by fools and governments are ruled by cowards. +I'd like some varied opinions and information on what some of you would do in this situation. I'd like to spit it up into a few things, but mostly would like a solid passive revenue stream with a tiny section (~5-10%) of the portfolio for growth. + +All suggestions are welcome and I appreciate any help in this regard. Thank you! +Hi all, + +Recently I went on a trip to Europe and Africa and used a VISA debit card to withdraw money from ATM's in the various countries I visited. + +After departing Europe I transferred my remaining Euro's into Ugandan shillings, as I was to spend 5 weeks in Uganda. The money I had transferred lasted almost the length of my stay, so I had no need to withdraw money or use my card until the last week. I went to an ATM and tried to access my money, but found I couldn't withdraw anything. A quick balance inquiry showed that my account was overdrawn and three cash withdrawals had been made in Thailand, a country I have never stepped foot in. + +I still had a small amount of cash on me so had to make that last a few days until I returned home to Australia to sort out the issue with my bank. + +Upon returning home they informed me that I'd have to fill out a form to dispute the transactions with Visa and today I received news that there is nothing that can be done, as " these are card present and PIN verified ATM transactions. [They] do not have any dispute rights as per Visa International Operating Regulations". + +The email then explained that my card had been unsecured for over a year and that I had declined to cancel my card in 2014 as per their recommendation. As such they won't be taking any further action. + +Now, as far as I can recall, I received a call from them in August last year regarding a payment I had made online from an overseas store. I confirmed with them that I had in fact made that purchase and that it wasn't fraudulent and I needed it to go through as I wanted the products I was purchasing. I think it is at this point that they have deemed my card unsecure, and because I told them I wanted the transaction to go through, I have lost all rights to claim back fraudulent charges. + +I have called the bank and asked for clarification on the issue and they said I agreed that my card was unsecured and that I had accepted that I had no recourse for future fraudulent transactions since august 2014. + +They mentioned that one of my transactions had been 'intercepted' (I believe this was the one I confirmed with them as legitimate, but they are unable to tell me which one it was) and that at that point it was possible someone accessed my card details. + +Now, they are saying the withdrawals in thailand were card present and PIN approved. What I don't understand is, even if my card details were accessed by someone intercepting my online transaction, how could they get my Pin number? + +I am not able to find any records in my statements of my card being placed on hold (I think the lady on the phone mentioned 'warn hold'?), nor any notifications reminding me that my card was no longer secure. I am disappointed in the bank for this, I would have thought they would remind their customers if their cards were unsecured, rather than leave it that way for 14 months. + +Is there any course of action I can take with this? I can prove I was not in Thailand when the transactions occurred (and that I've never been to Thailand before), but it seems I don't have any recourse with VISA nor the bank at the moment. + +Any help is much appreciated. It's not a lot of money as I keep most of my money in a linked savings account, but it's enough to warrant chasing after it. + +We're getting married and buying a house next year so I'm just curious how others manage their finances as a couple. + +When we moved in together, I moved into his flat that he already owned and so he has always dealt with bills and mortgage etc. I just transfer a set amount each month for my half. + +We split all other shared costs via monzo as we make them. + +When we move, we're thinking of getting a joint monzo account and paying in a set amount each month to pay bills from. We currently split most things 50/50 but some things my partner pays for alone (e.g. costs related to car or flat as he owns both). I know some friends share costs as a % of income and my partner makes quite a lot more money than me, but I will be paying less of the house deposit so if I also pay less for the mortgage I feel like my share of the house will be really small and I want to feel like I'm contributing. + +Obviously any decisions are for us to make together, but I'm interested in ideas from others as to how you manage money as a couple and if there's anything else we should be thinking about - for example are there any benefits of sharing savings accounts or credit cards + + +---- + +Edit: thank you all for the responses - so insightful to see how differently everyone approaches this and for some honesty in some of the answers about what can be challenging. After reading through, I sort of changed my thoughts about 'feeling like I'm contributing' and then discussed 3 options with my fiancé today (completely shared, 50/50 or the proportion of income) and we agreed the best one for us is to pay a % of our income into a joint account to cover all shared expenses (which are the majority of our outgoings each month), then save a % (continue in separate savings accounts but to be used towards the house and wedding) and then have a % leftover each to spend on ourselves. So he will have more personal money but I think that's fair as he earns more than me but I have a job that I find rewarding when I could easily switch industry to earn more money, but I choose not to. We will review and probably switch to completely shared in a few years when we start a family. +Twitter is a flaming pile of garbage and instead of focusing on fixing the problems they were too busy worrying about losing advertising revenue. + +Plot twist. Twitter is now going to have to focus on lawsuits from advertisers who have been massively overpaying to advertise to bots and shills. + +Twitter has literally been ripping off advertisers. Oh, you want your ad to reach 100,000,000 viewers? Done. Oh sorry we had our heads in the sand let’s just ignore the fact your ad only reached 50,000,000 viewers because half of them are either bots or bad actor accounts being paid to post by shady entities. + +The door is open for lawsuits galore. + +I’m impartial to Elon. I know with you guys some love him, some hate him, and there is no in between. + +But I do think it made sense for him to back out of the deal. He would have basically been buying a used car dealership and having to waste more money than he would have spent buying the dealership fixing all the cars that looked good on paper but were flaming death traps waiting to happen in reality. + +I think this was a smart move on his part. Twitter did everything they could to try to hide the actual extent of their own corruption and did not pass the engine check. + +Fair game in my opinion and if I wasn’t worried about lost opportunity cost in other areas I’d really be considering puts on Twitter. + +This really just highlights how shady the company is and now everyone’s going to know. +Just wanted to share my story here for anyone who is living in conditions that may seem like they'll never get better. + +I grew up in poverty, which was extreme at times. There were days when we had literally no food in the house. I remember when my mother dug out all the loose change she had to send one of my siblings to Burger King for a couple junior burgers to share. I remember bringing a friend over and telling him we could have peanut butter sandwiches, since that was all we had, to see that we'd run out of bread. I remember having no heat in Canadian winters, and having social services get involved (but ultimately not doing anything). + +I moved out on my own as soon as I could and tried to live off student loans, but I had no idea what I was doing. When my loan ran out and I lost my job at the same time, I maxed out a small credit card my bank had insisted on giving me. Minimum wage where I was living couldn't pay the bills, even when I found a job. I destroyed my credit in about a year, and was incredibly ashamed, planning to do better than my family had. + +Today though, I just reached $5k in savings. I'm getting regular increases on my credit card. I'm being approved for the things I apply for, like apartments and phone contracts. I did it. I'm a functional adult. I don't have a house or a car, but I don't want them at this point. I might have waited longer than most people to start planning for the future, but I'm fortunate enough to be making a great salary in a relatively inexpensive city these days. I can honestly say that money is usually not an object in my decisions (though I am frugal day to day). + +It started with finishing community college in IT. Then I worked a couple of low-salary jobs for experience. With each new job I took a new role, taking on responsibilities that were getting closer and closer to what I wanted to do. The biggest risk I took was moving with no money to a big city where I'd heard the jobs were good. It paid off. + +Today I can say I'm happy in my job and happy with my life overall. I still have things to learn about investing and RRSPs, but I've built myself a solid foundation. I'm going to be okay, and you can be too. +Yeah that’s right, if you had not halted trading in January I would’ve sold for 999 a share. I never even knew who Citadel was or the DTCC I only wanted quick tendies. Should have just let it happen. Now I’m holding out of spite, and I’m not selling until we come down from the peak which we all know is above 10 million. + +Now we know how corrupt the system is and this is bigger than that, it won’t stop at financial reform. Watch what happens when the little guy suddenly has power, we’ll do what you could have done with 1/10th of your money you greedy motherfuckers. + +The funny thing is you could’ve gotten away with it. You should’ve just let us have our tendies. Now you’re exposed, all of you. We know you were all in bed together including the SEC. You could have let Melvin take the fall and nobody would have known about the house of cards and Citadel’s fuckery. Or the fact that the SEC is in this too. + +SEC,I just want you all to know that after the squeeze most of you are going to lose your jobs you useless fucks, my capital gains tax will not pay you to sit on your ass and do nothing, we’ll make sure this shit changes for good. Citadel and your wall street buddies, just know money is the only thing keeping you out of jail, when you’re broke and the eye of the public is on you nothing will protect you, and we’re coming for your Cayman Islands money too don’t think that shit is safe. Vlad, if you had not done what you did the entire retail world would have joined RH and who knows, you could have been a trillionaire 10 years from now. Instead you committed perjury to Congress, wait and see what’s coming for you. Kindly fuck you all and thank you for giving me enough time to quadruple down motherfuckers. + +One last thing, 🍦🐸 +Hey guys I’m in commercial real estate/hotels. And I always keep a very large amount of liquidity just in case some new deal arises that I need to close rather quickly. Sometimes in even 15 days. Often in 30. + +Where do you guys keep your cash position? I use a local bank right now but really not earning much on it. I was thinking of maybe using Ally or a similar type online high yield savings account. Only concern it’s 7 figures, not sure if it’s wise to use an online bank with that amount. + +Any thoughts/suggestions would greatly appreciated! Thanks! +I've looked several times for a good program that will make this easy and simple and I end up spending way too much time on it. + +So right now, I have my budget on a Google sheet. + +I strongly dislike this kind of admin, so looking for an elegant solution to keep myself on track, without wasting valuable time and energy. + +Edit: I'm Canadian, so many of the American-only apps aren't an option. +Hey everyone. I need help. I'm planning to get my own apartment within the next two years, but I need help with how to save money effectively. I'm a notorious impulse buyer. I'm only working part time at a pizza place and and making only 200-300 in a given pay period. No matter how hard I try, I always spend too much, end up broke, and start all the way back at square one. I've tried the old "just don't spend money" tactic, but I always crack. Does anyone have any good tips on curbing my impulse spending? +I've been trying to teach myself how to forex trade and one thing I keep getting met with is the need for a mentor, I've tried to find out if a mentor is needed to be successful in forex trading but everywhere I look is just people trying to sell groups and services, none of it seems like genuine advice and more just people saying you NEED a mentor so they can sell their service to you. + +So my question is, do you NEED a mentor or expert in the field to be successful in forex, or is this just a tactic people are using to get you to buy their programs and services? +I asked the OpenAi Chatbot to write a poem about Forex + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +In the world of Forex trading + +Numbers flash and currency pairs swaying + +A dance of buyers and sellers in constant motion + +A game of strategy and emotion + +&#x200B; + +The market ebbs and flows like the tide + +One moment it's hot, the next it's cold as ice + +But those who brave the market's wild ride + +Can reap the rewards if they're smart and decide + +It takes courage and discipline to trade + +To follow your gut, but also to be careful and not be swayed + +For in Forex, the stakes are high + +But the potential for profit is enough to make some want to try + +&#x200B; + +So if you're ready to enter this world of currency and risk + +Remember to study, plan, and not to be remiss + +For in Forex trading, one wrong move can cost + +But with patience and skill, the rewards are worth it, no matter the cost. +Hello everyone, my question is directed to full time traders. I started trading in my 3rd year of university and its been about 5 years now i wouldn't call myself a full time trader as I still live with my parents and make only enough to pay bills and put food on the table. + +One the challenges I didn't expect when deciding to go full time trading was explaining to people close to me what I do for a living as most people equate trading to gambling and and scam. I've had incidents where I have been scolded for not having a "real job" or people just downplaying my progress by telling me that it's just a phase and I'll grow out of it. Sometimes it feels easier to tell people that I'm a professional assassin rather than tell them that I'm a full time day trader. + +TLDR; should I even bother explaining to people what I do for a living? + +Edit :after seeing the responses to this question I have realised that it was an obvious question, much appreciation from all redditor who took the time to answer. +And didn't even know it until today. We got approved last month to receive them again, and there was some confusion on if they were sending me a new card or not since I originally told the lady I didn't know where mine was. Waited like two or three weeks for it to come in the mail, finally resolved to find my card (surprisingly easy) and see if it was active or deactivated, it was not. + +I have no idea how long I've had a balance on it. I stopped using it because we were denied a renewal in November 2021 so I used it down to zero and stashed the card. + +I could cry. I've been struggling for months with a bare fridge and freezer and didn't even have to but didn't know it. Now I'm making plans to acquire a food saver and stock up on freezer meats and then budget the food stamps carefully to make them last because we only get them for five months until we have to renew in which we'll be denied because my job raised base pay, pushing me back over the limit. +There are so many incredible projects in this space that truly have the potential to change the world, and the internal token of a centralized exchange is valued more than ALL but two of them. I'm not even sure it makes sense to call BNB a cryptocurrency. + +How did this happen? Who do you think are the main BNB buyers? +"Become aware" means whatever you want it to mean. + +Probably whenever you first saw it. I was considering using "involved" instead, but decided against it. + +This is the 3rd and last poll I'll make for now as a test. + +We'll see how these turn out. + +[View Poll](https://www.reddit.com/poll/9kt6qa) +CryptoAi is looking for additional members to join its growing team. Our organization is centered around capturing value from the growing cryptocurrency sector. To do this, we’re operating a proprietary, in house hedge fund, as well releasing SaaS apps for traders. + +We’re looking for people with experience in: + +* Quantitative finance +* Algorithm design +* Data structures +* OOP / python +* Trading systems +* Trading strategies + +For more information, please email us at: dave@cryptoai.io + +(If don’t meet the above desired requirements but feel like you have something else to contribute to the company feel free to contact us) + +www.cryptoai.io + + +With current volatility SPY jun 16 2023 250put is trading at 7.21. +Even at the low of the COVID crash SPY was still above 250, so the actual chance you get assigned on this one seems very low. + +How is this not profitable to sell this put? Yes low profit if you hold all year (but still around 3%) but in the eventuality that the market turns around this option will lose its value really quickly and you could buy back for cheap. + +If SPY does get this low and it gets assigned it would be the perfect time to get in with margin anyway. + +Thoughts? +My landlord said he is not kicking me or evicting me but want to know if I wanna get bought out my lease. I have a 2 bed room apartment in n new York and been living here for 15 years my rent is unheard of tbh. He wants me to give him an offer that is suitable for me. I kinda of need help here I don't wanna make no mistakes ! +It's easy to forget this at times. + +This was the #1 commonality among each of the best investments I've made over the past 10 years. + +Always have your thumb on the developer flow pulse. + + + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If 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!* +**DRS GUIDE:** [**https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/**](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +Yo, Superstonk! + +Our community has been growing ***fast***! New apes keep on joining every day from every corner of the world and from every kind of background. We’ve come a long fuckin’ way since January (even further back for some of you Chads from the '*before times'*), and as we continue to grow it’s important to keep in mind that we’re all here for the MOASS, not to profit off of other apes. + +At the end of the day, Superstonk is a place for free expression of ideas and discussion around GME and the broader financial markets as they relate to the stock. It is not a place for somebody to line their pockets with ape’s money. + +&#x200B; + +https://i.redd.it/hptbzwco1s481.gif + +# So, what’s changing? + +Rule 7 is being updated to be more relevant to where we are at as a community today. + +Starting 12/13/2021, posts and comments promoting monetized content, links to monetized YouTube channels, Discords, Twitch streams, personal merch stores, etc. will no longer be allowed in [r/Superstonk](https://www.reddit.com/r/Superstonk/). + +*(Yes, GameStop links are still allowed. No, BadDragon links are not allowed… yet. If they ever start including rocket, banana, or big green candle dildos, we will have an immediate meeting to approve it.)* + +# Why? + +The purpose of this rule change is to keep monetized content off of Superstonk directly. Recently, Reddit has integrated the ability to link your other social media accounts and links to a user’s profile - which is absolutely okay to make use of. + +We are all here to make money from the stonk, not by using the sub to advertise products, services, or to make money off other apes. + +&#x200B; + +**Old Rule:** + +>*Self-Promotion Allowed (with limits)Social media is allowed, but please keep any payment links to your social media.For example, you post your DD and have your Twitter at the bottom. On Twitter, you have a Bitcoin wallet code in your profile.Please note that spam is not allowed, nor are bots or other nonsense. If you act like a spammy bot, we may mistake you for one.* + +**NEW RULE:** + +>***No Self-Monetization Allowed.All posts and comments attempting to use Superstonk or its users for personal or financial gain will be removed.Links to monetized Discords, chatrooms, and YouTube, etc, as well as sites & stores like Etsy, Telegram, etc are not allowed on Superstonk (Alternative: Put them on your Reddit user profiles).*** + +— — — — — — — — — — — — + +# Addressing Superstonk’s Very GMErry Holiday Drive + +With the update to this rule, we want to keep things fair and equal for everyone. The VGH Fundraiser may be seen as conflict with this new rule - so we want to ask you guys what you think should be done about this. + +As it is, the toy donation deadline is today (December 10th), and the cash donations go until December 24th. + +The options are to either grandfather the VGH drive to it’s expiration on the 24th, or we can end it early. + +Please let us know in the comments how you would like the VGH drive to be handled + +— — — — — — — — — — — — + +The enthusiasm to share what we discover, the kindness and care that apes have shown for each other has become one of the defining cornerstones of this community, and apes have continued to deliver on that day after day. + +&#x200B; + +https://i.redd.it/c1ui94it1s481.gif + +Who would've thought? + +We’re just a few weeks away from the anniversary of the stonk making Wall Street collectively go ***GUH***, and we’ve spent that year getting fucking ***JACKED.*** Round 2 is coming, hope you’ve all buckled up! + +Stay excellent, Superstonk! + +\- The Mod Team 🦍💜🦍🚀 + +**DRS GUIDE:** [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +I’m back for another Insurance Insights post! For previous Insurance Insights have a look at these links: + +* https://www.reddit.com/r/AusFinance/comments/ihcahk/insurance_insights_how_you_can_own_your_life/ +* https://www.reddit.com/r/AusFinance/comments/i7imzo/insurance_insights_the_difference_overlap_between/ + +There’s a lot of confusion out there as to where to buy your Life & Disability insurance from and it is important to know your options and the differences because it really makes a difference to the quality of the policy, the premium that you pay, your experience as a policy holder and your options and experience at claim time. + +At present there are 6 main methods for purchasing Life & Disability Cover. The list below starts with the most basic option and works its way up. + +1. Direct Insurance Policies *(eg: Real Insurance, Insurance Line, Funeral Insurance – basically your TV/online based policies)* +2. From your Health/House/Car Insurer *(eg: Allianz, AAMI, HCF, Woolworths, Qantas)* +3. Directly from a Life Insurance Specialist *(eg: OnePath EasyProtect, Zurich Ezicover, TAL Lifetime Protection)* +4. From your Super Fund +5. Online Broker *(eg: Lifebroker)* +6. Through an Adviser + +**1. Direct Insurance Policies** + +These are the policies you see advertised during daytime TV, saying things like “apply over the phone, no medical, do you want peace of mind” etc. Common players in this space are Real Insurance, Insurance Line, Funeral insurance policies. + +In my opinion some cover is always going to be better than no cover but these policies: + +* Are not underwritten +* Are expensive relative to what they cover you for (dollar for dollar often more expensive than advised/super policies due to high cancellation rate/advertising costs) +* Are low-quality/very basic (eg: many general exclusions, pre-existing clauses, basic definitions, grey-area terms and conditions, policies are often not guaranteed, may be non-renewable) +* Are held under different legislation and consumer laws to specialist life insurance products +* do not take your personal needs or circumstances into consideration and, +* do not provide ongoing service, reviews, assistance other than to try and upsell you or market other products to you. + +Without getting too controversial I’d personally put these policies up there with the ‘Junk Insurance Policies’ you’ve heard about in the media. They’re not quite at that level and I know people have had successful claims with them but they’re not great if true ‘peace of mind’ is your goal. + +**2. From your Health/Home/Car insurer** + +These products are similar to Direct Insurance Policies outlined above. These products are available from either companies that add life and disability insurance to an existing base/core product offer. + +Common players in this space are health, car and home insurers as well as companies such as Woolworths, Virgin, Qantas etc – the key is adding more products to bring consumers into their fold and marketing opportunities. + +Life and Disability cover available from these sources is often similar quality/consumer experience to Direct Insurance Policies outlined above. + +**3. Directly from a Specialist Life Insurance Company** + +You’re buying your Life and Disability cover from a specialist Life Insurer, usually via their website. However, the products available to you are their most basic policies. A specialist life insurer can only offer basic policies direct to consumer as their best quality policies are technical and require the expertise of an Adviser. + +But don't be fooled, whilst you might think the quality of these policies would be higher than options 1 & 2, they're often not. Basically it's the specialist life insurers trying to get a slice of the direct insurance market. + +Not all of specialist life insurers offer a product that you can buy directly from them. Most of them only offer products available through an adviser. Common players in this space are Zurich EziProtect and TAL Lifetime Protection. + +**4. From your Super Fund** + +A lot of people have some cover in their super fund either by default (ie: it was given to you when you joined the fund) or have actively taken out cover through the fund. Cover available through a super fund is called ‘Group cover’. This is because you take out cover with the whole group of members. + +Most industry funds in Australia do not have their own insurance offering, instead they contract their insurance cover out to either AIA, TAL or Metlife (plus a few smaller players). Most retail funds are more flexible with their insurance options or use the in-house insurance (eg: ANZ super you’ll often find offers ANZ Group Insurance). + +Whilst AIA, TAL and Metlife are specialist life insurers, most specialist life insurers have a few divisions to their business: + +* Direct to consumer (outlined in point 3) +* Group Cover (super funds and employer-paid policies) +* Personal/Advised Policies (point 6 below) + +Cover through super is often better than options 1, 2 and 3 above but be aware that: + +* Taking cover out through super means the insurance has to meet superannuation legislation, meaning the cover has to be basic +* Potential tax implications +* Good option where cashflow is a concern +* In the event of a claim you deal with the insurance company and the super fund, can add complexity to the process. I’ve seen many successful claims but just something to be aware of. +* Depending on the fund the cover is often not guaranteed renewable and policy terms and even insurers can be changed from under you (ie: Rest changed their insurer from AIA to TAL recently without member’s say). + +**5. Online Broker** + +Not to be confused with option 1, 2 or 3 an online broker offers ‘advised’ quality policies that you choose yourself. A big player in this space is Lifebroker. + +For all intents and purposes Lifebroker are considered an ‘adviser’ in the advice space however, online brokers do not provide specialist advice on either how much cover you may need or what the different policies are – to do this would require personalised advice and this does not meet their model, which is all about scale. + +As an example, when I go to LifeBroker to do a quote they want me to know how much cover I want. If I don’t know then they direct me to a calculator. + +The products Lifebroker provides to me can include several from the one insurer, differing on the product quality. Eg: If I do a quote for Life, TPD and Critical Illness/Trauma cover I receive the following options from Zurich: + +* Protection Plus, TPD, **Extended** Trauma +* Protection Plus, TPD, **Platinum** Trauma + +You are then expected to do your own research on how these policies differ and make your own informed decision. No advice is given on quite a technical product. You also go through the application process yourself and if you miss something on your duty of disclosure it’s on you. + +The key here is that whilst the product quality is light years ahead of options 1, 2, 3 and 4 you’re potentially not getting the cover you may need because they cannot give personalised advice due to their scalable model. Lifebroker are giving you access to good quality policies but putting the onus all back on you, effectively indemnifying themselves against your decision making. + +**6. Through an Adviser** + +By far the best option for most consumers as this results in personalised advice. A good adviser should be able to offer the following: + +* Your current circumstances are discussed taken into account when calculating types and amounts of cover required +* Your goals and future plans are taken into account +* Cover can be structured best for you (ie: personal cover, superlinked cover, tax decuctibility etc) +* Highest quality with the most comprehensive definitions +* Policies that are held to a higher legislative standard +* Initial and ongoing relationship with a specialist adviser that is held to high and new legislative and professional standards that **MUST** act in your best interest +* Depending on the adviser, a claims management service so you don’t have to go through extra stress at claim time +* Policies that are surprisingly well priced, and often ~~cheaper~~ better value compared to options 1, 2 and 3. *(edited based on feedback from u/SackWackAttack).* + +Advised product suite names are as follows: + +* AIA Priority Protection +* BT Protection Plans +* Clearview Life Solutions +* Integrity Life Here For You +* Metlife Protect +* MLC Life Insurance +* Neos Life Protection +* OnePath OneCare +* PPS Mutual Professionals Choice +* TAL Accelerated Protection +* Zurich Wealth Protection + +**A Visual Example/Comparison** + +I thought I’d do a comparison on policy quality between the various options outlined above. Unfortunately the research can’t capture client experience but it might go some way to illustrating the various qualities available. + +I’ve compared the Income Protection cover available through: + +* Real Insurance *(Direct insurer/option 1)* +* AAMI *(Car/Health/House insurer/option 2)* +* Zurich Ezi Cover *(Direct from a specialist Life Insurer/Option 3)* +* HostPlus *(Through Super/Option 4)* +* Zurich Wealth Protection *(Product only available through an Adviser/option 5 & 6)* + +Products are ranked by highest quality first/left hand column to lowest quality/right hand column. + +See document here: https://drive.google.com/file/d/1qCVJurieVlN3ha4PZajJVbU_0jJ2QUu7/view?usp=sharing + +**Summary** + +Even if you think your situation is basic it is absolutely worth seeking advice for your protection needs. + +Insurance is a highly complex and technical area and the last thing you would want is to have dramas at claim time because the policy wasn’t underwritten, you didn’t understand the terms and conditions or you didn’t disclose something. Don’t leave this up to chance, it really could be your future at stake. + +Avoid options 1 and 2 like the plague. Options 3 isn’t much better to be honest. Options 4 and 5 are getting better. But ultimately seek advice from an Adviser, ideally a specialist Insurance Adviser. + +As usual I invite any questions and note that this is general advice only. + +*EDIT: see u/feltoar comments below re: Noble Oak. They straddle a very fine line between direct and non-direct product. Omitting them from the purchasing options above was to avoid confusion on this issue, I would suggest they fit in point 5 - through an online broker.* +https://coinmarketcap.com/exchanges/idex/ + +https://coinmarketcap.com/exchanges/etherdelta/ + +I'm unsure if ED is having technical issues, but [IDEX](https://idex.market) is fully operational and running smoothly and accepting new users! You can learn more about IDEX on r/auroradao + +You can also read a great summary of the pros and cons of existing decentralized exchange offerings such as IDEX, EtherDelta and others here: https://coincentral.com/off-races-finding-best-decentralized-exchange/ + +Thanks again to the community for your wonderful support. + + +I just turned 29 recently and crossed the $250k net worth mark today. I like reading stories like this, so I thought I would share mine. + +**2009** - Net worth was negative $30k since I footed a majority of the bill for my undergrad. At 21, graduated and got my first job in the Northeast making $49k salary (accountant). Lived at home for a year, rent-free thanks to my parents, and paid down some student loans. Took on an additional $10k in debt to finance my masters program, which I completed while working full-time. + +**2010 to 2013** - Did not track my net worth. Lived like a typical early 20-something bachelor with expensive bar nights every Friday and Saturday, casino trips with the boys, bought a car for $17.5k and financed it. Changed companies once, which led to small increase in pay, but had more future earning potential. Salary increased to ~$70k. Continued to pay off car and student loans, more than minimum but nothing too crazy. Started with about 6% contribution to my 401k and moved that up to around 10% by the end of 2013. + +**2014** – Moved to Manhattan. Sold the car. Everyone told me I’d go broke living in Manhattan. I did not understand how this made sense. No one I knew owned a car and they all had roommates. There was cheap activities all over the place. I didn’t want to be one of those people who moved to Manhattan and saved nothing, so I got on the internet and started researching personal finance and investing, and stumbled upon the FIRE community. + +Became enamored with the FIRE concepts. Canceled all my subscription services. Reduced the amount I went to bars and ate out. Cooked at home more. Stopped buying unnecessary clothes. Continued kicking ass at work to ensure promotion and raises/bonuses came. + +Started tracking my net worth which was around $70k by the end of 2014. Mostly 401k, savings account, and some individual stocks minus student loans. Salary at end of year was ~$88k due to raises for move and change in role. + +**2015** - Crossed the $100k net worth mark in July of 2015. Was super proud. Still had about $8k of student loans left. Cash compensation crossed the $100k mark with a promotion. Still not tracking my expenses since I figure I’m decently frugal. Definitely struggled a little bit personally with hanging out less with my NYC friends as they were big bar/club goers. Got into reading more and finding cheaper hobbies. First year maxing out 401k, HSA, and Roth IRA. Finally started selling my individual stocks and got into index investing. Vanguard and I started our exclusive relationship. Net worth ends 2015 at $120k. + +**2016** - Big year for me. Paid off student loans. Moved to the Midwest while keeping my salary. Started tracking my expenses. Net worth crossed $200k and ended at $210k for the year. Kicked butt at work and was recognized for it - cash compensation totaled $135k. Expenses were just over $26k for the year. + +**2017 (so far)** - Crossed the [$250k net worth mark](http://imgur.com/a/6RtB1). Got engaged to someone who understands FIRE and is maxing out their 401k and Roth IRA (I’m so proud). Expect compensation to be the same as 2016. Hoping to end 2017 with a net worth of just over $300k. + +Constantly I feel like this is taking for ever, but then I remind myself to enjoy the NOW. Therefore I try to have fun times with the fiancee, friends, and family. I read, ride my bike, lift weights, go on walks, travel, etc. No point in sitting at the computer stressing out about how long this takes. + +I hope you enjoyed my brief story. Feel free to ask questions or give advice. Thanks for your help along the journey so far! +Yesterday the BoE's chief economist [said that](https://www.theguardian.com/business/2021/feb/12/british-families-ready-to-spend-billions-says-bank-of-england-man) there's a load of pent up demand in the economy as after the pandemic people will have saved a lot of money and will be going on spending sprees. + +Is this overstated? I can imagine people doing a bit of short term celebrating especially in hospitality and leisure, but surely in most cases anyone who has been spending less on going out, transport etc over the pandemic has either been spending it on other things already, or has been paying down debts, and after the pandemic their spending will likely return to normal levels, not higher. + +And of course a lot of people have lost their jobs over this period. + +I think in order to claim there's pent up demand you need to be able to point at something that people can't buy now that they will want to in the future. Other than leisure and hospitality I can't think of much that fits into that category. + +Obviously businesses that are currently closed will be spending more too, but again I'm not sure that will be higher than normal levels. +I genuinely hope this can help someone and if any of the Seasoned investors here would like to weigh in or add anything, or correct anything that I may not understand fully, please do so. I am definitely still learning everyday. + +&#x200B; + + + +**Common Stock Market Terms:** + +**Stock****:** A stock (also known as equity) is a security that represents the ownership of a fraction of a corporation. This entitles the owner of the stock to a proportion of the corporation's assets and profits equal to how much stock they own. + +**Share****:** Units of equity ownership interest in a company that exist as a financial asset providing for an equal distribution in any residual profits, if any are declared, in the form of dividends. + +**Long Position****:** The purchase of shares with the expectation of the share price increasing. + +**Short Position****:** Refers to a trading technique in which an investor sells shares of a stock, usually shares that they do not own, with plans to buy it and return it later. Shorting is a strategy used when an investor anticipates the price of a security will decline. + +**Bid Price****:** Price that you can currently sell a share of stock. + +**Ask Price****:** Price that you can buy a share of stock. + +**Spread****:** The difference between the Bid Price and Ask Price. + +**Resistance****:** The imaginary trend line that the stock price typically struggles to break in both upward and downward trends. Typically when a stock breaks its support line, that line becomes the new resistance line. + +**Support****:** The imaginary trend line that the stock price tends to dip down to in both upward and downward trends. Typically when a stock breaks its resistance line, that line becomes the new support line. + +**Trend****:** The general direction, whether up or down, that a stock is going. + +**Types of Stocks:** + +***Sectors******:*** + +Energy, Materials, Industrials, Consumer Discretion, Consumer Staples, Healthcare, + +Big Pharma, Financials, Information & Technology, Telecommunication, Utilities, Realestate and Transportation. + +***Market Cap******:*** + +Mega (over $300bn), Large (over $10bn), Midsize ($2-10bn), Small ($300mil - $2bn), + +Micro ($50-300mn), Nano (<$50mil), Penny Stocks (Share Price under $5) + +**Buying Stock:** + +When you buy a stock through a Broker it has to go through a pipeline, that pipeline is as follows: + +You, the retail buyer, places an order shares of a stock through a broker (think of the broker as the retail storefront) -- the broker sends your order to an exchange (the exchange, like the NYSE, is kind-of like a wholesale warehouse) -- the exchange fills the order and sends it back to your broker - your broker gives you your shares of the stock + +**Profit/Returns:** + +You make a profit by selling the shares of your stock at a higher price than you bought them. + +There are multiple ways to make a profit: + +Buy Low, Sell high + +Buy High and Sell Higher + +Sell High, Buy Low (also known as a Short Position, Short Sale or Selling Short) + +***Dollar Amount******:*** + +You can calculate profits by the dollar amount. If you buy 10 shares of a stock at $100/share and sell those shares at $150, you have made a profit/return of $500. + +***Percentage******:*** + +You can also calculate returns by percentage. This lets you see the amount of growth based on the buy price. If you buy 10 shares of stock at $100/share and sell those shares at $150, you have made a return of 50% ($500 profit from $1000 investment is 50% of your investment in profit) + +**Types of Orders:** + +There are multiple different types of orders you can submit through your broker. + +***Market Order:*** This type of order typically happens instantly, during normal trading hours. If your broker allows you to submit market orders when the Market isn’t open, it will be filled once the market opens the next day. It is simply an order to buy/sell shares of stock at “Market Value'', or whatever the price of the share is when the exchange fills the order. + +Pros: You know that you are getting the shares. + +Cons: The price you see when you submit the order isn’t always the price the order gets filled at. This is also referred to as “Slippage”. + +***Limit Orders*****:** + +Limit Buy Order: This type of order is set to buy shares when your target buy price is hit. If a stock is trading at $100/Share and you want to buy at $90/Share, you would set a Limit Buy Order for **x** amount of shares at $90/share. Once the share price of the stock hits $90, or lower, your order would go through and the specified number of shares would be bought automatically. You can use this type of order if you believe the price of the stock will dip to your target price. + +Limit Sell Order: Similar to a Limit Buy Order, this type of order is set to sell shares when the price hits your target sell price. If you own shares of a stock that is currently at $100/share and you want to sell those shares at $150/share, you would place a Limit Sell Order for $150, and once the price gets to $150/share, or more, your shares would automatically be sold. + +Pros: You can decide the share price that you want to buy or sell at. This could give you more control over your profit margins. + +Cons: The target price you set may never be hit, therefore the order may never go through. This is more of a con for Limit buy orders because it could cost you an opportunity to get into a stock before the price increases. + +***Stop Order******:*** + +Stop Buy Order: This type of order is similar to a Limit Buy Order, but kind-of the opposite. This type of order is set to buy a stock at a price higher than current market value. Let's say you think a stock is on an uptrend but you want to be sure, or confirm that hunch, you could set a Stop Buy Order for a price higher than the current market order. Once the price hits your target price, and confirms your hunch that it is indeed in an uptrend, the order would be transferred into a Market Order and filled at the Market Price at the time the order is filled. + +Stop Sell Order(Also known as a Stop Loss Order): This type of order is also similar to, but opposite of, a Limit Sell Order. This type of order is set to sell a stock once it dips down to a specified target price. Let’s say you want to buy shares of a stock that you believe will be a good investment, but you want to limit your risk just in case it doesn’t work in your favor; you could set a Stop Loss order at the price that is lower than current Market Price, in which you are comfortable with the loss. If the stock dips down to that level, the order would be transferred into a Market Order and sell your shares at the Market Price at the time the order is filled. + +Trailing Stop Loss Order: Similar to a normal Stop Loss Order, this allows you to set a Stop Sell Order at a specified(either dollar amount or percentage) amount below the current Market Price and it moves to maintain that specified margin as the stock goes up. This is a good way to protect profits and mitigate loss at the same. Let’s say you buy in at $100/share and only want to risk $10/share, you could set a Trailing Stop Loss at $10 under market value. If the stock price drops, it would work the same as the normal Stop Loss, however, this type of order makes it so if the price rises to $500 and then reverses, you can still keep some of the profits you made because instead of transferring to a market order at a fixed price of $90, and losing all of the profits you had accumulated, it would transfer to a market order at $490 therefore mitigating profit loss on a downward trend. + +Pros: The pros of a Stop Buy Order are that you can enter the stock in an upward momentum. As long as you are correct about the trend of the stock, this could work well in your favor. + +The pros of a Stop Loss Order is that it could give you the ability to mitigate losses if the stock turns bad. + +Cons: there are a few cons here. The first con applies to both Stop Sell and Stop Buy Orders; and that is the fact that it transfers to a Market Order when the predetermined price is hit, making it subject to the same type of slippage that can occur with a Market Order. This means the order could fill at a higher(Stop Buy) or lower(Stop Sell) price than you anticipated. Another con of the Stop Buy Order is the fact that False Trends do occur. This could cause you to buy at a high price right before a reversal and have to take those losses. The same type of Con Exists with Stop Loss orders. If the stock is following a False Downward Trend and triggers a sell, and then the trend reverses, you could miss out on potential profits and may be forced to buy back in at a higher price than you bought originally. The same false trend con can be said about Trailing Stop Loss orders, except the Trailing Stop Loss Orders help to mitigate the loss of profit. At least you still made profit with the Trailing Stop Loss Order. + +***Short Sell Order:*** This type of order is available from certain Brokers. For example: If you have signed the Margin Agreement on Fidelity and therefore have the ability to trade on margin, they will allow you to Short Sell stocks. When you Short Sell a stock, you borrow the stock from your broker with the expectation that the price will go down. You then sell the stock at the price you set, or when the time frame that you agreed to is up. Let’s say a stock is trading at $100/Share and you believe that it is overvalued and will drop to $50/share within the next week. You could place a Short Sell order for $50/Share on a 1 week timeframe. You would sell those borrowed shares at $100/share and once the share price hits your target price of $50/share, or the timeframe is up, you would buy back those shares to return to your broker and keep the difference as profit. + +Pros: The pros here are obvious. If you sell a borrowed stock at $100/share and buy it back at $50/share, you would get to keep $50/share as profit. + +Cons: The cons here are big. If you are wrong and the stock skyrockets, you will still have to return those shares meaning you would have to buy the shares at a higher price than you sold, and eat that loss. If you sold a borrowed stock at $100/share on a one week time frame, and the price increased to $150/share by the end of the week, you would take a $50/share loss and have to pay the difference out of pocket. The amount the stock could increase is unlimited meaning you have the risk of unlimited losses. + +**Calculating Risk on a Trade:** + +You can calculate/assign a value to your risk by figuring out the Risk Multiple of your trade. The Risk Multiple is the ratio of Risk:Reward. + +One way to change your risk multiple is through Stop Loss Orders.(see “Types Of Orders” section above) + +***Example of Identical Trade/Profit with Different Risk Multiples:*** + +If you buy 10 shares of a company at $100/Share with no Stop Loss, and sell at $150/share you make a $500 profit or a 50% return. In this trade you risked $1000 to make $500, so your Risk Multiple is 2:1, meaning you risked $2 to make $1. + +If you buy those same 10 shares at $100/share with a Stop Loss at $50, and then sell those shares at $150/share, you make the same $500 (or 50%) profit… but you only risked $500 in order to make $500. This means your Risk Multiple was a 1:1, meaning you risked $1 to make $1. + +10 shares at $100/share and selling at $150/share with a Stop Loss at $75? Now your Risk Multiple is 1:2. You risked $1 to make $2. + +**Different Ways to Analyze Stocks:** + +***Fundamental Analysis:*** **What to Buy** + +Qualitative Fundamentals: These are things that can not be quantified, or put into numbers and charts. Things to look at in this category are things like technology disruptions or innovations, economic impacts(negative or positive), management issues or upgrades, economic moat (overall control or exclusivity in their economic sector, or lack thereof). + +When looking for stocks to invest in, this type of analysis includes big, universal, forces and events that will affect entire sectors of the market. Thighs and trends that will affect industries for years to come. + +For example, Self Driving Cars. This trend in technological advancement is being tested on a wide scale and hopes to be implemented in the coming years across a lot of different applications. A sector of the market that this could affect drastically would be Transportation, more specifically, trucking. You could look at the total business expenses that trucking companies have dedicated to drivers payroll. By eliminating drivers, there is more cash flow that could be transferred to profit instead of payroll. You could then find the trucking companies with the capital to be able to afford to invest in updating their fleet to these self driving trucks first and make the bet that these companies will implement this technology and see positive growth because of it. Or, you could invest directly into the companies that are looking to produce these self driving vehicles, or both. + +Before dropping a huge amount of money into any one trend affected sector, make sure you don’t already have a large chunk of your portfolio invested in that sector already. Diversification is a good thing. You don’t want all your eggs in one basket, or large trend, in case it fails to realize the growth that is expected. + +Quantitative Fundamentals: These are the things happening in the company that can be quantified, or put into numbers and charts. Things to look at in this category are assets/liabilities, revenue, cashflow, and financial ratios i.e. P/E, P/B, and P/CF (Price/Earnings, Price/Book Value, Price/Cash Flow). Things to look at specifically are Statements of Cash Flow, including Cash Flow of Operations, Cash Flow of Investments, and Cash Flow from Financing. + +You can compare the Statements of Cash Flow to the Revenue Statements and Earnings and income reports to see how big the discrepancies are. This will give you an idea of financial acrobatics that the company might be playing to make their total revenue look higher than it is. Do these things show growth or decline? Could be a good indicator of where their stock is headed. + +***Technical Analysis******:*** **When to Buy or Sell** + +Trends: + +Long term trends, mid term trends and short term trends are all things to look at when trying to decide when to buy into a stock. While stocks may go up and down on a daily, or even shorter, basis, they typically follow a broader, long term, trend. This isn’t to say that trends can’t reverse, because they definitely can and do. You can see what the general short term and long term trends are by using tools like moving averages. Long term SMAs to see long term trends and short term SMAs can show short term trends. Trends can be up trends, down trends or neutral trends. + +Some tools to look at are Simple Moving Averages and Envelopes, and Exponential Moving Averages. These are referred to as Indicators on a stock Graph. There are MANY indicators that all do different things. + +Areas of Value and Entry/Exit triggers: + +These are pretty simple yet extremely complicated to study and understand. Learning how candlestick charts and patterns work is pretty important. + +And AOV is basically the highest level in a down trend that could indicate a good sell point, or the lowest level in an uptrend that could indicate a buy point. When you look at whether the chart patterns are trending up or down and whether the stock price is in an AOV, you could determine whether you want to buy in or get out of the stock. This method could work for day trading, swing trading, and long term investing. Study candlestick patterns, and how to identify resistance and support levels in trends. + +**Core Satellite Approach to Investing:** + +This approach seems to be a good approach. The way this works is pretty simple. + +60-75% of your investment budget goes into 2-5 funds that cover multiple asset classes and sectors. An example of this type of fund could be the FBTOX fund. This fund holds shares in a wide variety of blue chips in different sectors. + +The other 25-40% would go into 10-20 individual stocks. Some of these can be stocks that pay dividends and some can be stocks that you have done your research on and believe they will grow. Some of them could be sectors or companies that you hold personal sentiment in and want to invest in. All of that is up to you. + +Remember, overdiversification isn’t a great idea because eventually you are so diversified that your portfolio follows closely to the general market value. But having a diversified portfolio is extremely important so that if one sector declines, your whole portfolio doesn’t decline. Its all about balance. + [https://www.reuters.com/article/us-at-t-hulu/hulu-buys-back-atts-9-5-percent-stake-idUSKCN1RR2AM](https://www.reuters.com/article/us-at-t-hulu/hulu-buys-back-atts-9-5-percent-stake-idUSKCN1RR2AM) + +&#x200B; + +is DIS trying to own 100%? maybe they will try to buy the 30% of Comcast? +"If every state is left to go its own way without a unified approach, operating self-driving cars across state boundaries would be an unworkable situation and one that will significantly hinder...the eventual deployment of autonomous vehicles," Google's Chris Urmson will tell the Senate Commerce Committee, according to a preview of the testimony. +The Whales are waiting to buy your cheap coins right now. The New York Stock Exchange is doing a Crypto Exchange and Custody. + +Only a fool would sellout now. Even if you bought at the peak $1400 you can still make loads of money riding this out to 2019-2020. ETH has been through far worse. There is nothing technically wrong with ETH. This is just an insanely irrational market that was full of moon kids till now. + +Now the rational money will enter and stabilize the markets back to the mean which is around $500 currently. Then we can start to recover again into later this into next with new ATHs sooner than people realize now. ETH is extremely oversold now! +I was pinged yesterday by track and trace, until Saturday. I work as a waiter at around 30-34 hrs a week and thus will be missing out on almost a quarter of my monthly earnings. Having spoken to my bosses they said that they can either use my holiday pay or statutory sick pay (the latter of which is pitiful), I have already applied for the COVID hardship fund thing they placed out for people in this situation. If I get rejected, is there anything more I can do? I'm not sure if this is just industry-standard in hospitality or if it's up to the business whether they use holiday pay or not. +Looking at buying a high quality IP $2–2.5m budget in mid 2023 as prices drop a bit looking at inner ring Melbourne places like Northcote, Malvern East, Hawthorn East, Alphington, Ivanhoe, Fairfield or Thornbury + +Typically rent for a 4 bedroom 2 bath in one of these suburbs in a house that isn’t falling apart is easily $1-$1.2k a week at that rate why not just buy a house if your paying more than the average mortgages + +So what type of tenants rent these places? Short term migrants on temporary contract work? Surely there’s gotta be some demographic Im missing? +Saw this thread on another Reddit thread and was curious how people did it in Australia. I have 10k set aside as an emergency fund in a savings account but there might be a smarter place to put it? What does everyone else do? +First of all I wish everyone happy Christmas holidays and I hope you're able to spend time with your loved ones. + +As the title says I'm a little insecure about how much I should spend for important things like a new bed, sofa, eating table etc. + +I've got 1600€ for Christmas to spend on new furniture and I've planned to spend another 3200€ max out of my own bank account in order to buy the basic stuff that I'll definitely need. My emergency fund won't be touched at all. + +The flat itself isn't that big (44m²) and I don't need to buy a kitchen since there's one pre installed. So I'll basically need (feel free to add something but I'm focusing on the really important stuff): + +- bed (preferably a box spring bed but I haven't decided yet) +- sofa (a bigger one so friends can sleep on it too) +- lightbulbs/lamps +- fridge +- top loader washer +- couch table +- eating table + chairs +- a smaller outdoor table for my balcony + chairs +- wardrobe +- some smaller shelves + +I've did some research but it's easily possible to save a lot of my planned money as well as to spend everything and even more. + +If it's the wrong sub for that kind of question than I'm really sorry but since it's financial relevant I thought I could gather some advice. +Hi, I just started investing one year to ETF with DCA through robo advisor and it was great as I just set monthly regular contributions. But to lower fees I opened broker account and moved money there. + +At first I was hesitating and trying to time the market (would be better now to just invest everything that time). When I finally got FOMO and started with my by-monthly regular contributions I got hit by Covid market crash. I invested rest of money but now I cant go back to track with regular investing. I just have this block that I will miss dips and prices are too high. + +I cant read all day about how time in market > timing market and worst market timers but it isnt helping to step in again. + +Robo advisor was great, that I could get rid of that money every month not thinking about it. But even while my broker is cheaper in long run multiple times (10 eur for order) it is quite high for smaller 300 euro monthly investment. So I should wait and invest month or two but this is worsening my itch to time the market. + +Please dont advise me to use Degiro - not available or Trading 212 - dont trust them that much. + +How could I overcome this? +I have another year of college and I’m already starting to make money this year. Im considering using robot advisors (you pick the risk profile and how much you invest and the robot buys/sells for you) to start a portfolio. In my opinion there are multiple pros to this strategy: to begin with, it’s extremely hard to beat the market unless you’re really lucky/ you spend a lot of time reading on this. Second, big hedge funds will always do better than I will and do it faster, therefore a robot advisor is a way to level the field. Third, it’s rather hands off since I can just set up a weekly transfer and forget about it. + +What are your guys’ thoughts on this ? +Hi! I watch a lot of real estate investing videos on YouTube and I watch alot of bigger pockets.. I feel like there’s a lot of really good advice on there but does anyone else feel like they reach a little and make it sound a lot easier than it is to just purchase properties and flip them using a heloc or house hacking for example? Any other good real estate investing channels to watch on YouTube? Plan on purchasing my first property soon and trying to be as enlightened on the subject as possible before I pull any triggers. +57% in 1 year is insane. The median home price in Jan 2021 was 332k and in Jan 2022 it was 520k (source is from Zillow's data center). + + +It's not as if STR weren't profitable years ago, and I know demand jumped in 2021 for STR but so did supply so it's not like its a much better investment than 2 - 3 years ago. What do you all think about people taking out seconds loans to get AirBnB's in all these mountain towns? To me it's a little concerning. Maybe the outcome is that supply of STR increases and it becomes a less attractive investment over time. +The year is 2020, Trump has provoked Iran and neighboring nations and pushes them to their limit when he finally tweets a pic of the US flag. World War 3 is underway. Thousands of Gen Z kids are drafted into the military. Your a camel farmer in the desert of Iran milking your prized female camels. Your suprised as you hear Gucci Gang Gay Version played to the sound of rotary engines, helicoptors start flying over you, the song changes to Homo Flow, Shotta Flow Remix. The whole fucking area around you gets napalmed. Choppers drop off enemy troops and you get smoked by a 17 year old with a pickle rick sticker on the side of his standard issue army helmet. As you lay on the floor bleeding to death he walks up to your body and proceeds to do Fortnite dances over you and yeets your body over the side of a sand dune. You die a slow death alone in the sand. + +-Idea from [this post](https://www.reddit.com/r/4chan/comments/9qyd57/trump_declares_war_on_vietnam/?utm_medium=android_app&utm_source=share) but I changed some words to fit with the current situation. +Generally speaking at least. I'm genuinely curious about the reason behind this. My rent a year ago was about 1200/month for the 1 bedroom apartment I live in in Austin, TX, which back in May 2020 was kind of on the higher side of average at the time. I recently re-signed my lease and it shot up to over 1500 a month and prices just seem to be going up all over. If i'd really wanted to, I could have found myself a decent 1 bedroom for about 900 a month in Austin this time last year but now thats completely impossible. + +At this point I'm seriously wondering why I wouldn't just take my savings and put it into a down payment on a whole house. Mortgage payments would be less or equal to what I'm paying for this crap apartment with obnoxious inconsiderate neighbors. + +Seriously, people are paying upwards of 2500 for a 2 bedroom apartment. I find that absurd, I wouldn't care if the place had a jacuzzi right in the middle of the living room, I simply cannot justify spending THAT much to live in a cramped, wall-to-wall, floor-to-ceiling setting of any kind. Am I the only one who thinks rent prices have gotten absolutely insane? +Tomorrow by 10 am EST the new margin requirements go into effect. As we know, they mentioned we will see a lot of margin calls coming. If this is all true then this week they played us with the run-up just to crush our spirits ( they keep trying but we buy the dips and hodl). If this is all true then tomorrow will be a very interesting day. If not, we continue to buy and hodl + +Edit: Grammar + links to the actual filing + +Edit 2: Adding links to the member's accounts + +NSCC is providing this notice to its Members of the implementation and effective date September 3, 2021. On the morning of the effective date, Members with a fund deposit below $250,000 will incur a deficit, that will require funding by 10 AM EST. + +https://www.dtcc.com/-/media/Files/pdf/2021/8/27/a9019.pdf + +There are about 3,400 accounts that will be affected. About $800+ mln will need to be put up tomorrow +https://www.dtcc.com/client-center/nscc-directories +Update: well this thread has been QUITE illuminating. I’ll say I’m quite thankful my partner pushed me to ask more questions. And I’m feeling much better. I have been able to speak w my advisor about a lot of what was brought up. A lot of this is just knowing the right questions to ask (and I hate not knowing the right questions to ask). We have another call Monday once I process a bit more, but given 1) the diversity of our portfolio, 2) the fact that this has been around for a while already under his name initially, 3) it’ll be paid up by 55 and continue to grow from there, and 4) knowing we’ll have some easy access to cash in addition to the money we have in the market, my immediate worries have been assuaged and I don’t feel the same urgency I initially did. I’ll keep asking questions, but I appreciate the thoughtful and nuanced conversation. Thanks! + +Original post: + +My partner is hell bent on keeping a whole life insurance policy w Northwestern Mutual. It’s so expensive ($1000 total for both of us/month), and after doing more research, I just don’t agree. He wants to have a sure-fire back up plan if shit hits the fan, which I appreciate. I cannot convince him otherwise. I think it’s partly because his parents started one for him when he was younger and he’s sorta attached emotionally. But he also loves that it’s tax deferred if we need a loan later. But they still take it out of the death benefit. The policy is paid up at 55 and the rest is covered by term. Please no sarcastic remarks about people being dumb or firing advisors etc, I just need help understanding if he has a point or solid ways to convince him otherwise. Articles or videos from legit sources might help convince. What can I tell him? + +EDITED POST: originally said it “goes until 55” +But I should have written it gets paid up at 55. I do stats not finance 🫣 +People have probably already preached here about Mr. Money Mustache, but [this article](https://www.mrmoneymustache.com/2014/04/22/brew-your-own-cider/) made me realize the gorgeous overlap that exists between /r/financialindependence and /r/prisonhooch (and a few of my other favorite subreddits). Want to make your own booze but not spring for expensive /r/homebrewing equipment? Literally buy a jug of juice and pour wine yeast into it. That's all you need. Cider? That's just two week fermented apple juice with six months of aging. Raspberry wine that mixes amazingly with sodas and desserts? Go have a pick your own day with the family and ferment those bad boys. + +&#x200B; + +Similar hobbies I have that I have adapted for more min/maxed expenses: + +* Handmade ultralight hiking gear with the help of /r/myog +* Miscellaneous sewing projects from thrifted fabrics +* Garlic prices are insane and you're a helpless foodie? No problem, learn to forage alliums at /r/foraging +* Gyms are closed/too expensive? Spend some time with your youtube yoga waifu (mine is YogaWithAdriene) + +&#x200B; + +What are some of your methods for keeping up with hobbies without going overboard on spending? Or do you prefer to narrow your interests and go all out on one or two things? Could you see yourself enjoying yourself with one method over the other? +Went on a long drive with my youngest daughter (22) last night and she asked me about Bitcoin. She then shows me her CB app and says she is DCAing into BTC. She blew me away at how much she knew about including the pros and cons of different cold storage devices and other topics. I have been mining since early 2018 but she never asked me much about it so I as surprised. I am the proud father of a hodlr. +Hi Guys, + +Just sitting here thinking about how good this community is. I mean, look at Facebook, it's just one big circus. The AusFinance community is so nice and civilised. I guess I'm a bit of a loner, and I like the idea of knowing an intelligent, civilised conversation is only ever a keyboard away. I like the fact that you all accept people irrespective of their level of economic understanding and take the time to help educate the rest of us that aren't that bright without coming across as condescending. + + +Thanks guys :D +Rent was paid on December 1st, a new management company bought our property on the 7th, they are demanding payment and not accepting my bank statement as proof and saying it's my issue. What options do I have? + +Edit/update: I appreciate all the comments and advice! I am about to head out to the post office to send certified letters to their head office and regional office. I did send an email last night, but that provided zero resolution. I will try to remember to update in a week or so. +https://www.cnbc.com/2019/09/10/david-faber-wework-ipo-full-speed-ahead-roadshow-to-kick-off-monday.html + +The WeWork IPO is full speed ahead, sources familiar tell CNBC's David Faber. + +The roadshow for the We Co., the startup's parent company, is set to kick off as soon as Monday, sources say. + +WeWork's roadshow flies in the face of reported advice from its investor SoftBank, which urged the We Co. to shelve the IPO. +In the coming months and years, we all expect that Bitcoin will grow a great deal in value. One of the things that I think is standing it the way of its success is something that is only talked about rarely; how ridiculously awkward it is to describe the price of a relatively inexpensive item (say $10) in terms of a decimal in Bitcoin + +At current prices that $10 would be 0.00117647 BTC. Even worse that *looking* at that number is trying to verbalize it. Once Bitcoin hit $100, I think that the convention was ill-suited for everyday transactions due to it being the very definition of cumbersome to describe a price in BTC. + +For years I've argued that if we could just move the decimal to the right 8 decimal places, we could permanently do away with the confusion of 'Milibits" and leading zeros altogether. I'm not even going to get into the other HUGE issue of people's reluctance to invest thousands of dollars in something only to have shavings of that something rather than (at least) a unit of that thing. + +At this time Bitcoin needs an overhaul. This is what I propose: + +The decimal moves 8 places to the right, right now. That's it. The end. Now, look how nice and easy it is to work with pure Satoshi; + +When buying something *very* inexpensive such as a $1 candybar, you would describe the item for sale in Kilo-Satoshi (thousands of Satoshi), or 'kiloSat', or 'kSat', or possibly even 'kS'. + +So instead of listing a $1 candy bar as 0.00012000 BTC... which is unreadable and unsayable. You would instead list the item as... ready for this? "12 kS" (Twelve kilo-Sat when spoken out loud). "Yeah, the grocery store has a sale on candy bars. Three for 30 kS". + +The system I propose works equally well for very expensive items: + +At the current Bitcoin price, a brand-new, top of the line Mac-Book Pro ($2399.00) would be listed under this new convention as: 28,000 kS. A 2018 Honda Accord ($23,570)? Easy... that's 277,000,000 kS, or when spoken: "Two-Hundred and Seventy-Seven Million Kilo-Sat". Or if you prefer: 2.8 BTC. + +Another reason this naming convention is valuable, is because relative value is introduced as well. + +And should the bitcoin price rise, rise, and rise... then we will one day drop down to individual units of Satoshi in order to buy things like candy bars. Then it might be 3 candy bars for 50 Sat. + +Now, I understand that this is *never* going to happen to the software itself. This proposal is for the wallets of tomorrow to include this convention as a way of simplifying and making more accessible and attractive the use of this thing we all love. + +I welcome feedback. +Just curious whether anyone here put themselves for a mortgage for a property their parents will live in. Contributions will be fully by them (I hope...) and in the end, my deeds say the property will be split among the siblings equally (I agreed to it). + +I am 26yo, currently a reasonably high earner (\~£70k/yr), but still with a £36k student loan and £15k of savings. Wondering if anyone else made a move like me? And perhaps continues to take criticism from their parents for not doing more (e.g. contributing towards the mortgage, paying for renovations, etc.)? + +I know it's a setback financially, but was happy to do this for their sake (apparently it's also part of my culture haha) +🌵 This Microcap Gem has HUGE potential. Releasing a physical Tequila with NFT complement. Doxxed dev, locked liquidity, and the best community in crypto. 670 holders, and a passionate community of 932 in the Telegram Channel. + +The revenue from Tequila sales in the US, Hong Kong, and UK will flow directly back into the project and create constant buy pressure. + +Market Cap: $750k + +➤ Official Telegram channel: https://t.me/TequilaParty + +Lead Dev Jameson Huckaba (@RossBrentwood) from #TequilaParty ($tequila)’s LinkedIn: https://www.linkedin.com/in/jamesonhuckaba/ + +There's tremendous community energy (and probably Tequila) behind Tequila Party, and for good reason. $tequila isn’t a meme coin, but you’d be excused for thinking so; it’s a real, genuine project with doxxed developers and an incredibly transparent, awesome team. Tequila Party is excited to announce that they’re releasing an actual Tequila. This will be the first crypto-focused distilled spirit, and it's going to be amazing. Distribution is being lined up in the US, the UK, and Hong Kong to begin with, and each bottle sold will have a NFT complement. + +Tequila Party ($tequila) on BSC is the breath of fresh air you’ve been looking for. They’ve built a great community of passionate holders who understand the long term vision. A pump and dump this is not - they’re aiming for organic, sustainable growth. The chart for the past week demonstrates exactly that. All the things are locked, and if we play our cards right, we just might have a tequila party on the moon. + +The project is a week and a half old, and they’ve demonstrated steady, consistent growth from day one. $tequila weathered the storm of May 19th well, because of their passionate, committed community. + +Updates on our physical product! TequilaParty is in discussions with three distilleries in Mexico, and shooting to do a valley style Tequila with its volcanic soils. These groups are currently sending samples, and Jameson (dev, tequila fan) will go visit to start production and wrap up details. They’ve arranged for US importers and distribution, and working on the UK and Hong Kong, as they have connections in the distilled spirits industry in both of those markets. + +The next big hurdle is branding and regulatory label approval, for which the process has been started. Branding is going to be key, as this product builds a bridge between the real world and the cryptosphere. SO cool! + +Other goings on: New logo and website which should be ready in a few days. TequilaParty has a legit PR firm which will send out releases soon with announcements and memorandums of understanding for their partnerships. Jameson has meetings nearly every day with people in the tequila industry, talking about the project and how to work together for mutual benefit. + +=== + +Want to finally have some fun on BSC? This is the project for you. Have a margarita and relax, and watch your balance grow. Get serious benefits if you are a LP token holder. + +Tequila Party is looking to deepen their liquidity pool, and has serious incentives to do so, because liquidity is important to the long term success of the project. Ask about this in Telegram! + +Tequila Party ($tequila) is indeed fun, but it is also so much more. They’re partnering with organizations that promote sustainable, traditional agriculture in Mexico, big tequila producers to educate and inform, and most importantly, we’re releasing their very own crypto-focused tequila to the wild. + +Marketing efforts have been constant and persistent across channels including reddit, twitter, tiktok, and other channels. The goal of course is to have sustainable, organic growth, which they’ve absolutely done in their first ten days of existence. + +$Tequila trades on PancakeSwap on the BSC network. You can buy it here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf459693e9f45f432ecb48afe1bd0ccaa4ad82959 + +The future is bright! Tequila on the Moon is in sight! + +➤ Website and roadmap [https://tequilaparty.space/] + +📑 Tequila Contract: https://bscscan.com/token/0xf459693e9f45f432ecb48afe1bd0ccaa4ad82959 +Hello, I've been a lurker of this sub a lot and it's been fantastic for me; hopefully it's okay to ask a question here. + +I've had an offer accepted on a flat in a 4 storey block (I'm pretty sure it's less than 18 m if that matters). During viewings the estate agent kept mentioning that the vendor will need to secure an EWS1 form but they see no problems (obviously they're going to say that). + +As of recent, I've been told the EWS1 survey has now been *booked* and it'll take 4-6 weeks 'til I hear a verdict; until this happens I can't reasonably proceed with my searches until I know what state the property is in. A larger block of flats just a few doors down is in the horrible situation where its tenants now need to pay for 24/7 firewatch patrols and are having to have a huge amount of work done. My property has a balcony with wooden decking and it has some wooden decorative cladding to boot. + +[To say I'm spooked by the whole thing is an understatement.](https://www.bbc.co.uk/news/av/business-55847260) The idea of being stuck with a property that's unmortgagable is terrifying. I also understand that this EWS1 survey needs to be done every 5 years now so what's to say this won't become an issue 5 years after I move in? + +Would it be reasonable to just bail on this purchase? I've fortunately not paid anything yet and I'm wondering if it'd be safer just to move further out the city into a terrace house in the middle of nowhere. + +Would very much appreciate the thoughts of users here, thank you +Hello friends. Do not be intimidated by the title :) But I am struck by the idea of the utopian nature of the concept of decentralization in modern cryptocurrency. + +Do you think cryptocurrency is truly "decentralized" at the moment? + +If we turn to history, then bitcoin was originally conceived as absolutely financial freedom and a decentralized payment system, which at the moment do not correspond to the original ideas at all. + +(those who disagree can googling mining pools and early coin holders) + +Just like most large projects with their own blockchains and technological solutions. Take the acclaimed Solana in 2021. And what did the users get as a result? An unprotected system with many flaws, but nevertheless, such a system is called in our world "decentralized" + +After all, the concept of data storage and transmission is not the whole function of decentralization, is it? + +I am alarmed by the market trend and that the cryptocurrency is more and more like a stock market with exactly the same problems, where not always technological solutions that try to develop directly decentralized solutions do not receive the necessary publicity and attention. People only care about instant profit, and unfortunately, people see only profit in this, and the original idea fades into the background. + +So far I do not quite understand why this is happening, because there are interesting blockchains that somehow put the development of decentralization in the forefront, like Near Protocol. I am absolutely amazed at their blockchain with a sharding system, multi-level DAO, which eradicates the centralization of human factor solutions, and it can be seen that the ideological inspirers and creators of the project really yearn for the transition of our world to a new, decentralized world. + +Please share your opinion in the comments <3 I will be glad to talk with you +The cryptocurrency market, unfortunately, is known for a high number of scams and frauds, especially because of projects that don’t act honestly with their community. At this point, I believe those who still get scammed probably don’t know much about crypto. I mean the top projects are easy to choose. Projects that care about their community and keep on an honest relationship with them are the ones to succeed and remain in the market for good time. + +One of my favorite projects is Polygon. MATIC’s team for example, hasn’t failed its community, and what proved that was the implementation of their own EIP update after the community insisted on taking this step. Well it didn’t even hesitate to go for it as the community requested! I even see that Polygon is the most community focused project especially that it is offering us somehow zero fees for swift transactions! + +Polygon is truly leading the space with transactions and users. I believe this will benefit the entire space overall. Not to forget the growing fundamentals that seem to also be boosting the overall market sentiment for the blockchain project. + +Also, blockchains now are some of the richest sources of verifiable data. And this is a big step towards improving developer access to datasets, and helping analysts unlock their immense latent value. What’s better than that? So after Polygon’s integration into Google’s BigQuery, one will be able to query their datasets, run analytics and extract insights. + +We have a saying in my native town which says whoever preserves in something, will find what they’ve been striving for. And whoever sows their seed, will reap its benefits. Can you relate? +**EDIT:** + +**\*\*\*HUGE ANNOUNCEMENT\*\*\*** + +**The HOGL Finance team has j**[**ust announced a giveaway promotion for a 2021 Tesla Model S**](https://twitter.com/HogLfinance/status/1381939108927389698?s=20) **with self-driving features or $90,000 USDT, based on holder preference!!! All wallet holders will be eligible to receive 1 free giveaway entry for every 25M HOGL tokens held! The giveaway will conclude and a winner will be randomly chosen via electronic number generator on a YouTube livestream video once HOGL reaches a market cap of only $50,000,000 USDT (based on circulating supply). No entry fees, no personal information, no registration needed! A BSC scan will be used to identify eligible wallet holders and number of entries. Impressive marketing development!** + +\--------------- + +At just three weeks old, Hold On Good Luck (HOGL) is poised to accomplish a series of milestones in April 2021 that puts it at the forefront as one of the most productive, new cryptocurrency tokens. The following post highlights some of the current and future roadmap milestones that were recently summarized by the HOGL developer during this past week's weekly AMA session. + +&#x200B; + +**What is HOGL?** + +HOGL (Hold On Good Luck) is a deflationary currency on Binance Smart Chain (BSC) with reduced fees thanks to BSC. Every time a transaction takes place with HOGL, 1% of that transaction is partially distributed to all wallet holders via autostaking and 1% is partially removed or “burned” from the total supply. This increases the scarcity and value of every HOGL in circulation. As more transactions take place in the network, the individual net-worth of all who own a piece of the network increases as well. The HOGL community prides itself on a favorable token distribution among its wallet holders. + +&#x200B; + +**Exchange Liftoff!** + +[WhiteBit](https://whitebit.com/): + +* [HOGL was listed on its first exchange on April 8, 2021](https://twitter.com/WhiteBit6/status/1380173631339298818?s=20). WhiteBit is currently the #66 ranked cryptocurrency exchange by volume (24 hr) on CoinMarketCap with a daily average of $1.1 million in transactions. +* Not only has HOGL been listed, but the team has funded a mass marketing initiative with WhiteBit that includes exchange banner ads and emails that will reach the nearly 150,000+ users from the EU, South America, and Asia registered on the platform. +* Perhaps the most significant addition to the listing is the announcement of a [SMART staking platform with HOGL](https://twitter.com/WhiteBit6/status/1381602088233410560?s=20) that offers holders two token interest plans: (1) 6% interest for 90 days of staking or (2) 2% interest for 20 days of staking. + +[Coinsbit](https://coinsbit.io/): + +* [The HOGL developer recently confirmed and paid for what will be the second token exchange listing with Coinsbit](https://twitter.com/HogLfinance/status/1381208992039505921?s=20), the #56 ranked cryptocurrency exchange by volume (24 hr) on CoinMarketCap with an average of $1.4 million in daily transactions and a proclaimed 2,000,000+ users. +* With an official listing as soon as this week, HOGL will gain increased exposure and accessibility with marketing promotions rival those of WhiteBit and the addition of HOGL token airdrops through their channels and more. + +[BitMart](https://www.bitmart.com/): + +* The HOGL developer recently confirmed what will be the third token exchange listing with BitMart. BitMart is the #137 ranked cryptocurrency exchange by volume (24 hr) on CoinMarketCap with an average of $480,000 in daily transactions, over 2.2 million users worldwide, and 72.9K+ Twitter followers. +* While no exact date has been given, it is anticipated that HOGL will be listed on BitMart shortly following the Coinsbit listing, which may very well be next week. + +Other Exchanges: + +* The HOGL team has set out to reach its milestone of being listed on 5 exchanges by the end of April 2021 and is well on their way with a relentless evaluation of prospective exchanges and marketing packages that will maximize token accessibility. + +&#x200B; + +**Marketing Mania!** + +* In addition to the developer-funded exchange marketing plans, the HOGL Telegram community was able to recently crowdfund nearly 10 BNB in a matter of hours toward additional marketing endeavors. A community vote was taken and a consensus was formed to apply the funding toward *UniRocket and BitMedia advertising platforms*. UniRocket ads are scheduled to begin in less than a week on April 18, with BitMedia sometime thereafter. +* The HOGL team has indicated that 3 graphic designers have been recently added to the team to help with future advertising promotions, banners, and more. In addition, the HOGL team has recently concluded an interview for a new website developer who will help launch a significant rebranding and redesign of the [hogl.finance](https://hogl.finance) website to be more user-friendly, market future partnerships, and much more. +* The HOGL advertising team has published it's first of a series of how-to-buy guides that provides prospective investors with visual [step-by-step instructions for purchasing HOGL on PancakeSwap](https://hogl.finance/hogl_pancakeswap_howtobuy.pdf). +* An initial marketing development effort has begun within the community to launch the first ever HOGL giveaway, which will reward wallet holders with free entries based on the amount of HOGL tokens held. A formal announcement will be given soon that will coincide with increased exposure due to exchange listings and bring in an influx of new wallet holders in hopes of winning the giveaway prize! + +&#x200B; + +**Roadmap Developments & More!** + +* The HOGL development team has built a Proof-of-Concept (POC) Non-Fungible Token (NFT) marketplace that will accept HOGL as a form of payment for various digital assets. Future developments and news to follow exchange listings! +* The HOGL team will be launching its first HOGL browser game, purely as a fun addition for the community, which will feature a flying Dacia as it navigates through space in search of HOGL tokens! The first release is scheduled to be as early as this week with the potential for future updates to include a community leaderboard and the opportunity to earn HOGL tokens! +* As means of community transparency, the HOGL developer and admin team hosts weekly AMAs on Fridays to give current and prospective investors the opportunity to address their concerns, share their roadmap ideas, and more generally, get to know the team who has put forth so much effort in such a short amount of time. We encourage any interested investors to join us on Discord for our weekly AMAs! + +&#x200B; + +**Community Engagement!** + +* Website: [https://hogl.finance/](https://hogl.finance/) +* Join us on Telegram: [https://t.me/HOGLfinance](https://t.me/HOGLfinance) +* Join us on Discord: [https://discord.gg/njuEbmYs](https://discord.gg/njuEbmYs) +Hello fellow dividend investors, + +I have spent a lot of time on this DD of Shell plc (ticker SHELL). Normally I keep my research to myself, but I thought why not share it! Here is a link to the DD (Google slides): [Google slides web page](https://docs.google.com/presentation/d/e/2PACX-1vSsHKLm_dUNe-gJZHN7JLVXIlnIE8UYZiMcxgNARlW9iHOGwtAqUrFXjR57QSrUzub09HwtPc2THA3b/pub?start=false&loop=false&delayms=3000). As with any DD, take it with a grain of salt and do your own research if you consider to take a position. What do you guys think? Let me know if I should post more of these on this sub. + +Greetings from a dividend loving potato :) + +Disclaimer: +I am not a financial advisor. This is just general DD that helps me make decisions. I currently have a position of around 20% (initially 15%). +My biggest position is Starbucks. Been buying a lot more since it has been dropping so much. What are your biggest holdings and what do you think is a good long-term bet? +Keep your eyes on the blockchain, people. + +https://blockchain.info/tree/114688199 + +Expand the tree all the way by double clicking on the orange circles, to see how the 180,000 bitcoins have been broken down into various smaller wallets. + +And all overnight in the USA while the press is focused on Satoshi... + +Karpeles inside job? Where are my blockchain detectives +I like to know how much dividend you must pay from your country + +I have been paying 25% tax on my ZIM dividends, +My shares are bought in New York. I expected to pay 15 %.. Anybody has an answer? + +Anybody + This market has come to my attention because I have been seeing a lot of posts, comments, videos online especially regarding the high dividend yields of some Russian companies. Also, I live in another country in Eastern Europe where the market is currently 'cheap' and I believe the situation in Russia is similar. Lastly, there is the risk of further sanctions from the US that will scare some western investors, but we have seen many times that Germany and China want to trade and cooperate with Russia (Germany and Russia have jointly built nordstream 1 and now 2 to avoid paying transit fees in Poland, Belarus and Ukraine) and we have seen on multiple occassions Germany stopping weapons shipments to Ukraine etc. + + My greatest concern is that most of the Russian value stocks I have seen recommended are commodity companies. They either mine industrial or precious metals (or both) or produce and sell natural gas and oil. I am aware that the stock prices of these companies are closely tied to the prices of the commodities that they produce so by investing in them I would be taking on additional risk in the form of commodity price. + + If you have done your own research or if you know good sites for fundamental analysis of Russian companies I would love to hear from you. If you don't want to feel that you are sharing your knowledge and getting nothing in return I can send you my research on Polish mid/small cap value stocks with growing fundamentals. +What's **Pulmatrix?** + +Pulmatrix is a clinical stage biopharmaceutical company developing innovative inhaled **therapies to address serious pulmonary and non-pulmonary disease using its patented iSPERSE™ technology.** The Company's proprietary product pipeline is initially focused on advancing treatments for serious lung diseases, including **Pulmazole**, an inhaled anti-fungal for patients with allergic bronchopulmonary aspergillosis, and **PUR1800**, a narrow spectrum kinase inhibitor in lung cancer. Pulmatrix's product candidates are based on **iSPERSE™**, its proprietary engineered dry powder delivery platform, which seeks to improve **therapeutic delivery to the lungs by maximizing local concentrations and reducing systemic side effects to improve patient outcomes**. + +https://preview.redd.it/a69fok4eggi61.png?width=2614&format=png&auto=webp&s=efe0cab4e5de6c6212dc070677ca1449857ae2a4 + +[https://www.pulmatrix.com/isperse.html](https://www.pulmatrix.com/isperse.html) + +**iSPERSE** uses proprietary cationic salt formulations to **create a robust and flexible platform that can accommodate high drug loads and large drug molecules in highly dispersible particles**, yielding superior drug delivery capabilities compared to conventional dry powder technologies that rely on the use of lactose blending or low-density particles. The properties of iSPERSE **have meaningful therapeutic and patient benefits, including single formulations with multiple drugs**, effective inhaled drug delivery to patients with normal or impaired lung function, and the use of simple and convenient inhaler devices with highly reproducible dosing. **Pulmonary drug delivery offers several advantages for both local and systemic applications**. Drug delivery via inhalation for local applications results in **direct targeting** to the site of action and **minimization of** systemic exposure and **side effects**. The advantages of pulmonary drug delivery for systemic applications can include: rapid onset of action, avoidance of first pass metabolism, and elimination of injection. + +https://preview.redd.it/i611z6e2hgi61.png?width=2619&format=png&auto=webp&s=5147ab0695b4c26f29de0ef563995ad40a3313cb + +[https://www.pulmatrix.com/news/iSPERSE\_Fact\_Sheet.pdf](https://www.pulmatrix.com/news/iSPERSE_Fact_Sheet.pdf) + +iSPERSE powders are made via a straightforward, proven one- step spray drying process with high and consistent yields. **A strong IP position on iSPERSE is being pursued through multiple patent applications, encompassing compositions, methods, and uses**. + +[✅ Video demonstration of how iSPERSE works](https://www.youtube.com/watch?v=t8RgU8YUtjo) + +&#x200B; + +[https://www.pulmatrix.com/pipeline.html](https://www.pulmatrix.com/pipeline.html) + +About **PUR3100** + +https://preview.redd.it/9gfi0vhlggi61.png?width=2579&format=png&auto=webp&s=88fcc394f3d86458f1e3525bafc77c083ce4a92a + +PUR3100 is engineered with iSPERSE™ to address the ongoing need for **an acute treatment of migraine** + +* PUR3100 is currently in pre-clinical investigation as an orally inhaled migraine therapy; Phase 1a and Phase 1b data anticipated in 2022 + +About **Pulmazole** + +&#x200B; + +https://preview.redd.it/ias061xnggi61.png?width=2585&format=png&auto=webp&s=1dc7094e88de77aed33c03841d3101bf24a96de2 + +Pulmazole™ is **the first inhaled antifungal candidate** designed to overcome the **limitations of oral antifungals** and also potentially **reduce steroid burden.** It is currently in a Phase 2 trial forthe treatment of **ABPA** in patients with **asthma**. + +**Pulmatrix and Cipla** intend to initiate a Phase 2b study designed with a longer treatment duration and key phase 3 enabling efficacy endpoints when the potential risk to both patient safety and to patient enrollment, presented by the ongoing COVID-19 pandemic, is reduced to an acceptable level for patients with this serious respiratory condition. + +https://preview.redd.it/tdu1zixpggi61.png?width=2550&format=png&auto=webp&s=b769b29e41513fabf30b9f5149d9b1d75f9412e1 + +**Cipla is India’s 2nd largest pharmaceutical company** with global presence in over 130 countries, over 35 manufacturing facilities, and a vast network for direct commercialization and strategic alliances. + +&#x200B; + +https://preview.redd.it/zzh4ctvqggi61.png?width=2576&format=png&auto=webp&s=48d596707af310ee68121f30467b3dbc162a389b + +About **PUR1800** + +PUR1800 is a Narrow Spectrum Kinase Inhibitor (NSKI) engineered with iSPERSE™ that **is currently being investigated for the treatment of lung cancer**. PUR1800 targets p38 MAP kinases (p38MAPK), Src kinases, and Syk kinases.17 **These kinases play a critical role in chronicinflammation and airway remodeling.** + +https://preview.redd.it/ajsdg85sggi61.png?width=2562&format=png&auto=webp&s=1af0bae244f033ec9601a09ddd527f81765d462e + +&#x200B; + +[**https://www.pulmatrix.com/our-story.html#partnerships**](https://www.pulmatrix.com/our-story.html#partnerships) + +https://preview.redd.it/n6t59ahtggi61.png?width=2611&format=png&auto=webp&s=2c790e02777909f87effe10c01d6cf48a8784de0 + +&#x200B; + +"We look forward to 2021 as we plan to progress all of our programs. PUR1800 is planned to begin a clinical trial in early 2021, **moving us closer to a potential licensing agreement with J&J for development and commercialization in lung cancer**". From this [article](https://finance.yahoo.com/news/pulmatrix-reports-third-quarter-2020-140000164.html). + +**Johnson & Johnson is the world’s largest healthcare company with over 130,000 employees and 130 years of existence.** + +https://preview.redd.it/n0bzmgmuggi61.png?width=2590&format=png&auto=webp&s=a7e517daefc774fee8793ee470160e07ff72860f + +As you can see, their pipeline is quite impressive. **What's even more impressive is the capability of this company to ink such big partnership deals with the biggest Pharma-giants in the sector**. Remember this is a pennystock, so it's a huge confidence boost to see such interest in it. They also have an extremely solid management, of course, which I'm gonna link here: [https://www.pulmatrix.com/leadership-management.html](https://www.pulmatrix.com/leadership-management.html) . Take a look at the Board of Directors: these guys are already in the game, leading other biopharma companies such as Kala Pharmaceuticals, Arena Pharmaceuticals. Nocion Therapeutics! [https://www.pulmatrix.com/leadership-advisors.html](https://www.pulmatrix.com/leadership-advisors.html) + +https://preview.redd.it/a4njxh2xggi61.png?width=1375&format=png&auto=webp&s=b07ac254e2f4b0254cfa3d452ec75e1e572cedba + +Pulmatrix recently had a **DIRECT OFFERING** [**https://finance.yahoo.com/news/pulmatrix-announces-40-million-registered-052400935.html**](https://finance.yahoo.com/news/pulmatrix-announces-40-million-registered-052400935.html) \*\*"\*\*P. today announced that it has entered into definitive agreements with healthcare-focused institutional investors for the purchase and sale of **20,000,000** shares of the Company's common stock, at a purchase price of **$2.00** per share, in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about **February 16, 2021**, subject to the satisfaction of customary closing conditions." + +So yeah it's already closed, it was priced **AT THE MARKET**, it was a direct offering so institutions got in at 2$. No brainer right? At the current price, you have the chance to get in for a better one. But you know what's even more interesting? The offering was made for "**healthcare-focused institutional investors**"! This is the same bullish sign that I saw when Senseonics had its offering, seeing the interest in this company by healthcare experts made me add on the offering dips. + +After this offering, they will have more than 70m in cash. They also receive royalties **from partner Sensory Cloud upon sales of FEND, an OTC nasal hygiene product proven to reduce airborne respiratory droplets.** + +Check out their Q3 results, very promising and I'm looking forward for the Q4 ER [https://finance.yahoo.com/news/pulmatrix-reports-third-quarter-2020-140000164.html](https://finance.yahoo.com/news/pulmatrix-reports-third-quarter-2020-140000164.html) + +"As of September 30, 2020, Pulmatrix **had $34.5 million in cash compared to $23.4 million as of December 31, 2019**. Pulmatrix **generated $4.4 million of revenue in the third quarter of 2020**, **compared to $1.4 million in the third quarter of 2019**. The revenue for the second quarter of 2020 was the result of the collaboration and licensing agreements with Cipla and JJEI, respectively. Research and development expenses for the third quarter of 2020 and 2019 were $3.9 million and $3.3 million, respectively. Included in the third quarter 2020 costs were pre-clinical toxicology and Chemistry, Manufacturing and Controls costs for the PUR1800 program and clinical study costs incurred for the Phase 2 Pulmazole study. General and administrative expenses for the third quarter of 2020 and 2019 were $1.8 million. Included in the third quarter 2020 costs were general operating expenses such as employment, lab and office lease, legal, patent and audit fees. **Net loss was $10.6 million for the third quarter of 2020 and $3.6 million for the third quarter of 2019. The net loss for the third quarter 2020 was primarily due to warrant inducement expense of $9.3 million and manufacturing costs for the upcoming PUR1800 Phase 1b clinical study and the recently terminated Pulmazole Phase 2 study. The net loss for the third quarter of 2019 was due to spend on the Pulmazole Phase 2 study.**" + +About institutional ownership: [https://fintel.io/so/us/pulm](https://fintel.io/so/us/pulm) Go onto the website, you'll see that in the last weeks institutions piled in, from Vanguard to BlackRock to Renaissance Technologies. + +https://preview.redd.it/xjh59f6zggi61.png?width=1955&format=png&auto=webp&s=b3bcdb4a4578899197d9ac91462941ce50338419 + +&#x200B; + +[https://www.wsj.com/market-data/quotes/PULM/research-ratings](https://www.wsj.com/market-data/quotes/PULM/research-ratings) + +[https://www.wallstreetzen.com/stocks/us/nasdaq/pulm/stock-forecast](https://www.wallstreetzen.com/stocks/us/nasdaq/pulm/stock-forecast) + +[https://money.cnn.com/quote/forecast/forecast.html?symb=PULM](https://money.cnn.com/quote/forecast/forecast.html?symb=PULM) + +There's currently a BUY rating and a 10$ price target, at least from what I've gathered online looking through various sources. We should probably expect news soon. + +🚨 **I invite you to do your own research and be aware of all the risks.** Huge upside, huge downside. **YOU ARE THE BEST JUDGE ON YOUR NEXT MOVE** . ***Don't let me or other posters influence your decisions***. I'd like to hear your thoughts, let me know also about the negative aspects related to this stock since I'm keen to learn more everyday. **Thanks**. 🚨 + +**Pacho Out** +### UNITED STATES + +* **Futures** are down sharply, indicating another rough opening bell +* **Heavy-weight truck sales** (an indicator of economic activity) continue to climb +* October saw an unexpected spike in **consumer** **credit** (Expected 15 | Actual 25.4) + * The growth in loans mainly comes from **student** and **auto** loans (non-revolving debts) +* The Senate is set to vote on a resolution to withdraw support for the Saudi-led **war in Yemen -** shout out Bernie Sanders and Mike Lee for sponsoring the resolution + +### OTHER + +* The European Court of Justice ruled that Britain has the right to cancel **Brexit** and remain within the bloc on its current terms of membership + * but still, the British government is moving forward with a parliamentary vote tomorrow on the exit deal  +* **German industrial production** continues to weaken for a third consecutive month +* Meanwhile, **French industrial production** recovered sharply after a big decline +* To ease labor shortages, **Japan’s** parliament voted to allow up to 300,000 immigrants to work in the country +* **Canadian** **unemployment** fell to its lowest level in years  +* Emerging market shares are now outperforming US shares  + +### CHINA + +* China's **imports** fell dramatically (Expected 14.0% | Actual 3.0%) +Fight Card for the Salty Toppings 6 month celebration is in! + +Gauntlets (or possibly those fancy opera gloves) have been thrown down, challenges issued, feelings hurt and general mayhem has ensued… + +Some have taken up the call to arms, others are noticeably conspicuous through their absence…. + +There are many talkers in this sub, it looks like we only know who would run into a burning building or blow their money impressing online morons when the real tests come. + +**FIGHT CARD** + +Kicking off proceedings in the fly weight division, we have: + +\-       u/nthompson !!! all about the cloud, this user is fresh off the FOMO train and has chosen to go into battle with **CRO**, taking up the challenge is, + +\-       u/reecej_nz !!! loves to shit-post, this user believes in a solid defense using all things that fly and will defend the realm with **DRO** + +In the Bantam weight division, we are treated to the spectacle of: + +\-       u/Chanticleer85 !!! threw down in THE PURGE and survived, can user take it to the next level with the new ASX listing **PLT** against, + +\-       u/Guard1anMeme !!! who is taking everyone’s favourite flogging horse **Z1P** for another run at the track… + +In the Lightweight division, feast your eyes upon the $1000 players treat that is: + +\-       u/FurcationInvolvement !!! Didn’t Know what a tendie or a snagga was 2 weeks ago, but threw out an open challenge pitting **NVA** against the fury of, + +\-       u/SerbianWolf1389 !!! the Balkan Wolfman is taking their **NET** into the carnage in the hopes of catching those elusive % gains… + +In the Middle weight division, a true grudge match awaits: + +\-       u/mcfucking !!! After a heated online debate, user decided to defend their penis honour with **SZL**, against the toucher of all things unholy, + +\-       u/1stPostISwear !!! who is itching for a chance to grab the **SZL** crown in a battle of the same code day trade…. + +Heavy weight Division, the one you’ve all been waiting for: + +\-       u/w-j1m !!! Contrarian advocate that stonks may in fact, also go down will bring their **AXE** to grind against the one, the only… + +\-       u/plucky26 !!! Everyone’s favourite degenerate. Back on his meds, the mASSter of nonsensical polling options with a touch of clASS brings a fully locked and loaded **TTM** + +LATE MENTIONS + +\- /u/nextfloat continued their ways, from bragging about their wiki updating induced schlong to challenging mods. Way way later than usual. Stonks are yet to be selected. Charity is save the children. Their Selected method is that their difference gets donated. + +\- /u/letsburn00 was challenged, they are yet to select their stonks. Their Charity is Autism spectrum. Burn plans to at least pretend to work tomorrow and possibly use conditions. Also likely is a random meme stock being chosen for the lols. Burn requested a $500 donation limit, which was accepted. As a mod, I can confirm all his money is spent on ~~Paw patrol Merch~~ blackjack and hookers. + +**HONOURABLE MENTIONS:** + +\-       u/slickfawn789550 !!! tried in vain to get the pickle to challenge. A great contender against the great pretender. It turns out the pickle is more of a small gerkin. + +\-       u/DrSigmah !!! threw out the challenge but received no reply. + +\-       u/archbishopofoz !!! stared down the Melvinator and the Melvinator blinked… We worry about whats under that apron. It looks like something too scary for Melvin. + +**DESPICABLE MENTIONS:** + +\-       u/MrMadamHoussain generally has a lot to say, however when the call went out no one was home… + +\-       u/ricklepicklemydickle Begged for a purge, was granted a chance to play and backed away from the task…. Their shame shall be known forever more. + +\-       u/Kingofthetendies and u/TitanGodKing were offered the chance to face down in the ultimate battle of the Kings, both calls drifted into the empty void of Reddit… + +\-       u/Melvin_butters the messiah turned out to be a false prophet. Their buttery goodness is suspected to not be butter. + +**MOST HONOURABLE MENTION:** + +All competitors chose to give their Pizza money to charity instead of stuffing their face. Their giving is to be commended. It may also have something to do with them being smart enough to not given their address (or even suburb for pickup) to a bunch of weirdos who wear masks and eat bread-hats or body hair online. Or even rumors of someone actually owing the ATO as well as Tom due to gains this year. The Gov never has to know that deductible donation was forced by your own stupidity. + +&#x200B; + +Rules are previously posted. All buys and sells must be posted as they happen (within an hour) to minimize dodgy business. i.e after the open on Wednesday. Original plan was to be in this thread, but the fighters are so many that it will overwhelm the sub. + +Consequences of failure or cheating are known by all. + +This thread open for battle related shit-talk until the posting of Tuesday’s daily, after which time our Gladiators will retire to their chambers, dress themselves for weigh in, begin oiling themselves up (plucky for a disturbingly long period of time) and begin preparing their buy/sell orders and shit posts for Wednesdays Spectacle. + +Gladiators remember to use the ‘Salty Toppings’ Flair for their posts. + +FYI – The Mod team is slightly disappointed no one was game enough to call them out…Though a few of the mods have taken a strangely gay bear turn lately. + +Let the games begin……………………………………………. +I am sorry that this post has a lot about me. This is not meant to be a humble brag. Instead, I hope that at least one person can get some value from this. My background is just meant to give context. + +I grew up dirt poor. My father was highly intelligent but was a “ the grass is greener on the other side” guy. He switched jobs a lot. He had one year in college before dropping out. My mother did not graduate high school. + +I grew up in a run down house in rural California (yes, there is a rural California). The town I grew up near was the drug gateway into Los Angeles. It had one Sheriff. In the 70s and 80s the Hells Angels warehoused their drugs there. In the late 80s 90s they were pushed out by cartels. + +I grew up in a two bedroom hovel. We only had a tub that had fallen through the rotted floor of the one bathroom. We often went without electricity and water. We rarely had trash service. I grew up taking the trash out to the backyard and throwing it into a pile. A pile that became taller than I was. Rodents and cats would tear open the bags and spread the trash around. It was common to find piles of maggots infesting the garbage stack. + +My mother had a mental illness and suffered from severe depression. She had to have a tumor removed that was the size of a basketball. After that surgery she was bed ridden because of her undiagnosed depression. + +This all seemed normal to me, because, I did not know any different. I didn’t know that most people did not have ceiling collapsing inside their homes. I did not know that when it rained not everyone had to grab buckets to collect the rain water that came through the leaky ceiling. + +I was pretty self sufficient from a young age. I did my own laundry, and scrounged for my meals. I got myself ready for school. In many ways I raised myself. Like many poor kids I lived on hot dogs and bologna. Most meals consisted of toast with gravy on it. + +College was never talked about in our house. College was for rich kids. School was not even that important. It was just a place that I could get a .20 cent lunch. I was always in trouble for fighting. I took out my frustrations on other people. I had the most detentions and suspensions of all my peers. This happened even through high school. I was threatened with expulsion many times. All of the staff and resource officers knew me. + +My senior year of high school I had a 1.8 GPA. I was also missing a few core classes. The school made me take night classes at the adult education campus. I ended up graduating with a 2.0 exactly. + +I spent two years after high school working low paying jobs. I was homeless and stayed at wherever someone would let me. I slept on a lot of couches and floors. I got into drugs. I frequented crappy strip clubs. + +After 9/11 I joined the military. I had dyed blonde hair, nipple piercings, and was covering myself in tattoos. I was a freak. + +When I took the Asvab I scored two points away from max. This surprised me. It was the first time I had really done something even slightly impressive. I went in as an Aircraft electrician. During AIT I had the highest grades of all of the classes during that training cycle. I was the Distinguished Honor graduate. + +While in the military I took a few community college classes. I carried a pretty high gpa and made the Dean’s List every semester. + +After the military I went to work and college at the same time. I had a wonderful wife and young kids. I worked during the day and went to school at night. It took me another two years to earn an Associates. It took me seven years to get a Bachelors. It took me another three years to earn a Masters. + +Meanwhile I worked as a mechanic. I became a Master Mechanic. I have never made over a $100,00 in a W2 job. In fact I probably made around $30,000 to $40,000 most years. + +While going to school my wife and I financed two new fancy vehicles. We ran up $25,000 in credit cards, I took out $30,000 in student loans that was not always spent on school. My wife had to work nights. I had to take online courses. We were digging ourselves a hole. + +One day I was switching stations on the radio. I came across Dave Ramsey and listened to him. His advice seemed stupid-simple. I told my wife about Dave and we both jumped in with the goal of being debt free. + +We took both of our cars down to Carmax and sold them. Luckily we broke even between the two. We literally ate rice and beans and threw every penny at debt. It took us two years to become debt free. I drove a really old teal Mazda 323. My wife drove an old Mazda Mpv mini van that was this horrible shade of purplish-blue. + +Once we were debt free everything became easier. I put a lot of money into my 401k. My wife became a stay at home mom. I kept earning better degrees and found myself making a whopping $72,000 per year. + +We ended up moving and rented out our old house. We bought another house for a crazy low interest rate. Our rental property was cash flow positive. + +I started a side business while working for an employer. It is a service based local business. I started it with a partner. I cashed out my 401k of $78,000. My partner was supposed to do the work while I performed the administrative functions and financed the business. My employer ended up firing me for having a side business. His reason was “if you had told me I would have wanted to be a part of it”. + +My partner was a liar. + +A year after starting the business I found that my partner had squandered tens of thousands of dollars. He ended up getting a lawyer and threatening to sue me. Meanwhile the business was crashing and burning. I settled with my partner for an amount that I could not really afford. + +Everything I had was at risk. At this point I had borrowed over a $100,000 for the business. I could not sleep during the weekends. I remember thinking that my two choices were to go crazy or fix this. I couldn’t go crazy because I still had young kids. + +So, I showed up two hours early everyday and stayed late every night. I focused on ‘I need to do one thing everyday to make the business better’. Meanwhile I had a handful of customers threatening to sue me over my previous partners actions. I was getting demand letters every month. + +I just kept moving forward. Trying to do one thing better. Putting out fires as needed. + +Three years later I bought out another small business. Today, we have multiple locations. I am involved as a partner with a handful of new businesses. I directly manage a handful of businesses. I own rental properties. My net-worth is skyrocketing. + +My business debt is paid off except the debt I have against assets. + +I am 41 years old and I consider myself retired. I have managers that manage aspects of my business. I sit in my office and mentor my high-potential, high-value management staff. + +So, how did I go from a 2.0 to this? More importantly how can you go from where you are to your own version of success? + +Education: people get paid for what they do. People get paid more for what they know. People that continually learn and apply that learning no matter what age they are get paid the most. People that take what they learn and apply it independently of an employer create their own job security. + +Control: control what you can control. Don’t pay much attention to what you cannot control. I could not control my partner’s actions. The sooner I metabolized that fact and moved forward the better it was for me. + +Options: most people’s version of success is based around options. You may think that I should substitute being debt-free for options. The fact is that being debt free just increases your options. What I have learned in my life is that options are the only thing that separates the impoverished from those that are not. If I need to move I can move. If I need to close a business, I can close a business. If I need cash, I can come up with cash. If a business deal comes my way I can pull resources to become part of that deal. + +I tell my young daughters that everything they do in life, every choice they make, should be based around which one gives them the most options. With options comes power over the unexpected. Life is not about money....it is about options. However, money usually goes hand in hand with options. + +I love my poor people out there. I just want you to know that you can not only do what I did, but, you can do it better. Educate yourself, control what you can, give yourself options. +Finally got pre qualified this week and during the application the broker asked me, "How much do you want to put down?  The minimum required is 3% of the home’s sales price.  Many put 20% down to avoid Private Mortgage Insurance (PMI), which can be $100 - $200/month. " + +I figure that i use around $15k-$20k for my down payment rather than paying PMI which over the live of a 30 year loan equals $32,000 -$72,000. + +I am interested in multi-families in the $100k-$120k range and currently reside in CT. + +&#x200B; + +I guess my question is, is it too much to money to have tied up in my first deal. I have no problem living in a unit for a year, but at the same time i'd be saving money in the long term not having to pay for PMI. +Just lit up my first fire of the season and it reminded me of something. I currently live in the subject property and my last tenant told me that the fan in the fireplace wasn't working. He considered himself kind of handy (and I believe he is in general, so believed him) and he pulled the fan out - before telling me anything - and gave me a part number to order. Fortunately, it was the wrong part number, so $260 something later, I had to return it. I say fortunately because if I ordered the right thing to start I probably wouldn't have found out the real problem. + +In order to determine the correct part (which would have been over $300), I started talking to a guy at the local shop and he said that the problem could be just a switch, which was about $15. Or it might just need cleaning. He gave me a tip on something to check for. He said that if the fan itself was broken, it would be making loud sounds for a while before stopping completely. + +I asked the wife if it had made any noise out of the ordinary and she said no. Then I asked her husband and at first he said no. When I explained why I was asking and to suggest he try just cleaning it, he changed his story to say it was making more noise than usual. He kept insisting it was completely broken and I had to buy a new one. I think just so he didn't have to admit he was wrong about the problem. + +I had picked up the fan from them and it was really dirty. I cleaned it out and almost returned it and told him to try it. But decided not to because I was sure he'd say he'd try it and then just not do it. I told them they had to live without it. They complained and said it cost them a lot more in oil, but the fireplace was in the lease just as a nice feature, not a heat source. + +About a year after that, I moved into the house myself. I had a friend install the cleaned fan and it works perfectly - I'm on my second year in the house, still works great. (It's currently about 75 degrees in my office at the back of the (small) house and the fire's been out for about a half hour). + +So my first tip is to make sure tenants don't try to do any repairs - and especially not to take anything apart - without prior approval, because they might do more damage. Or, like in this case, they may be completely wrong about the problem. The second tip is to get as much info as possible on a problem before just spending money on it. + +TL;DR Tenant said something was broken, but it was just dirty. +Good morning. + +Apologies if this isn’t the correct place to post this. + +EDIT: I do plan on honoring their leases, I didn’t mean I would try and break their lease in order to move in myself. + +I’m considering purchasing a 2 detached home/duplex property, but the homes are currently being rented to Section 8 tenants under rent control. My plan is to move into the property, but don’t know how difficult it would be, or what legal steps I need to take to legally remove the tenants. I don’t want to be forceful either. Any advice? + + +500k list price, 2 bed 1 bath each. SoCal, near Inglewood. One tenant pays $1500, second tenant pays $900. + +Thank you all. +EDIT: Buying used graphics cards and reselling them for more is apparently frowned upon. Today I learned. + +&#x200B; + +I worked my ass off to get there flipping graphics cards. I'm not sure how many people know how hard it is for people born with disabilities to have assets. I have to make next to no money to stay on Medicaid. I'm in the hospital all the time, and my catheters would cost me 1200 per month without insurance. 1200 per month just to pee. It's crazy. + +GME is my ticket out of this system. This will only work out for me if it is life-changing money. The government is going to come calling for me next year. I don't care, I would rather die than sell before 10 mil. + +See you on the moon, but please make our new moon base wheelchair accessible! +EDIT: Buying used graphics cards and reselling them for more is apparently frowned upon. Today I learned. + +&#x200B; + +I worked my ass off to get there flipping graphics cards. I'm not sure how many people know how hard it is for people born with disabilities to have assets. I have to make next to no money to stay on Medicaid. I'm in the hospital all the time, and my catheters would cost me 1200 per month without insurance. 1200 per month just to pee. It's crazy. + +GME is my ticket out of this system. This will only work out for me if it is life-changing money. The government is going to come calling for me next year. I don't care, I would rather die than sell before 10 mil. + +See you on the moon, but please make our new moon base wheelchair accessible! +Throwaway for obvious reasons. I have the opportunity to participate as a Limited Partner in the below funds through a Private Equity firm. The minimum participation is $100,000. + +I personally know one of the founders of the firm (relationship explained in comments below), which gives me more confidence over someone I don't know personally. + +Have any of you done this before? What was your experience? Would you do it again? + +&#x200B; + +Below is a bit of high-level information. + +**Option 1:** Private Equity Fund. They are investing in three types of businesses (niche manufacturing, specialty business services and waste management).  Targeting 18-20% annual returns. + +**Option 2:** Private equity fund.  Their unique value prop is working directly with independent sponsors.  Targeting 20-25% annual returns. + +**Option 3:** Private credit fund. This is an INCOME strategy.  Targeted returns are 6-8% yield and 10-13% annual returns.  +So I make sound 26$/HR and I live in a low cost of living area (small town in South Carolina). I'm at the top of my pay ill never get another raise or cost of living raise again unless I get promoted. My question is should I be looking for another job? With my partner back at work we can afford for me to take a pay cut and still have all of our bills covered plus extra to put into savings. I have been at the same company for 7 years and I am next in line for a promotion but it could be years before there is another opening. Would it makes since to stick it out until then? +This is a common story for a lot of Vietnamese people in the 1980s as told in the online newspaper Vietnam Net. The local currency, Vietnamese dong, was devalued many times with inflation over 400% for several years in the mid 1980s. + +&#x200B; + +[4,100 dong was worth an apartment in central Hanoi back in 1983. After 20 years of \\"savings\\" the bank returned 109,778 dong, enough to pay for 03 bowls of pho.](https://preview.redd.it/rywvj40lfn381.png?width=636&format=png&auto=webp&s=e5b1d5284b0df979f60d5084c0fda79e8d0a3593) + +Another reason is that Vietnam implemented a currency denomination in 1985, in which 10 old dongs were exchanged for only 1 new dong. A lot of people suddenly have their wealth slashed 90% after a day. + +&#x200B; + +[Historical and forecast inflation rate in Vietnam](https://preview.redd.it/a84n23lyfn381.png?width=685&format=png&auto=webp&s=bf2dea633736a698f26b0d0d42893ebe06791615) + +I guess many Vietnamese have PTSD with the dongs and develop a habit of converting their dongs into gold, USD or Bitcoin. According to an analysis, Vietnam ranks 1st on global crypto adoption index. Now, I don’t actually 100% trust the data due to their methodology, but I can somehow understand why Vietnamese invest so much in crypto. It’s simple - they don’t trust their dong! + +&#x200B; + +[The 2021 Global Cryptocurrency Adoption index](https://preview.redd.it/crl1uv05gn381.png?width=609&format=png&auto=webp&s=36490c8958e4543917821aa59e1a1769f242b5a8) + +You may raise the question - Is it just Vietnam or this is an issue in many corners of the world? + +Nowadays Vietnam has a stable economy with inflation rates under 5% since 2014. However, let’s see some countries out there: Venezuela, Turkey, Lebanon, Iran, Argentina just to name a few. Have a look at this map and see how things go: + +&#x200B; + +[Inflation around the world, IMF, 2020 data](https://preview.redd.it/2ykukzk8gn381.png?width=678&format=png&auto=webp&s=b955006def7c42d22180dfcabdf01fe0e1bbd7dc) + +Now I don’t mean to say crypto will replace fiat, but many people don’t actually realise that fiat is also a type of slow rugpull (or fast!, as the above example in Vietnam in the 1980s and a bunch of countries right now). No-coiners often look at Bitconnect or Squid coin and say “Look, cryptos are rugpulls” but forget the fact that fiat currency loses value every day. Even the USD or EUR are not an exception, it’s just happening quite slowly that people are sleeping on it. + +What do you think of inflation and the world's economy today? +Hi, so I(28F) know nothing about investing and find the language around it quite intimidating so I just kept all my money right where I can see it, in my ANZ savings account. I also didn't get into investing because I was afraid what if I don't have money for any sort of emergency. + +I have the Spaceship app and the amount in there is embarrassingly low ($301) and it says -143 returns , I don't even know what that means tbh. I overheard someone talk about investing in ETFs and wanted to move the $301 to an etf? Is that possible? + +I don't make all that much, maybe $45,000 a year as a casual. Where do I start? + +Thank you! +Throwaway for obvious reasons. + +I am looking for a bit of advice regarding my wife's situation. She works at a restaurant. She usually makes tips, but some days she will bring home checks with very small amounts of money on them. I think one check with $26 and some change and her most recent check literally came to "$0.00." + We don't really know how the amounts are so small based on hours worked, but we figured the first few times before she got the zeroed out check there must be some sort of rule that we don't know about that allows the owner to count tips as wages. I did some research I came to the conclusion that she should be getting at least $4.05/hr as a tipped employee in OH. +So now I am wondering what are the next steps that I should take and are there ways to go about obtaining the pay that my wife has not been getting all of this time if she has been getting shortchanged. Any feedback or advice is greatly needed and appreciated. + + +edit: thanks for all of the replies. My wife did talk to the management and a co-worker about the checks and asked for an explanation, but she wasn't really given any information to clarify. This is a Thai restaurant and most of the employees are immigrants and some of them cannot speak English well. She usually brings home anywhere between $120-$180 per day and works about 10 hours per day. People mentioned claiming tips per day; I believe they do tip pooling of some sort and the manager counts the tips for the day and usually gives her a cut of the tips. The owner/manager is the one handling the actual claiming and deciding how much is going to be claimed each day. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 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!* +Just fucking hold your Bitcoin, it’s not a get rich quick scheme. People are finally getting into it and there is so much misinformation being thrown around. I’ve been trading since 2015 and made many mistakes (such as selling early) and seriously regret it. + +If you don’t have bills to pay, just hold your money and fucking stack. A 10 or 20% loss right now is nothing if you compare it to the potential price in 5-10 years. Bitcoin, in my humble opinion, should be used as a secondary savings account. All this Wallstreetbets “ape” shit has got to go man. +For me it was not accounting for the time lag between getting price data, processing and placing orders. + +I’ve tested on multiple systems and each processes at a different rate. + +Example: +Mistakes can be made for trades that were determined to be bought at the open of a candle. +The assumption is that the price remained the same before processing and after processing. + +Also, I’ve found testing without incremental bid/ask data is prone to inaccurate results. + +Instead, I enter only less than a determined max spread, and for long positions assume buying at the ask and for short at the bid. +They’ve been able to get bailouts before in 2008 and during the early years of the pandemic. So with news of the Omicron variant they’re hoping that enough people assume that that will be the result of a massive crash and not Wall Street’s greed and corruption so that they can get bailouts and continue doing what they’ve always been doing. + +But enough is honestly enough. + +If that crash comes to be, we’ll have had 4 total economic disasters in just two decades as a result of Wall Street’s greed and corruption; all the while they get bailed out on the money they’ve already stole enough or from the 99%. + +And now that we’ve mostly adapted to the pandemic by now, if they try to give the excuse that a single virus took down the entire economy and not the fact that they propped up the economy off debt and lies that all came crashing down once they were tested, they need to be held accountable for their actions. +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/wsNDGTf5QH). +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 Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +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 daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#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). +I must be missing something here. + +For this Canadian company AutoCanada Inc. ACQ.TO Yahoo financier [is saying it has $1.86 billion in debt](https://ca.finance.yahoo.com/quote/ACQ.TO/key-statistics?p=ACQ.TO) + +When I look up it’s latest financial report (Q1 2022) [it is saying $358 million of long term debt](https://investors.autocan.ca/2022/05/autocanada-reports-record-first-quarter-results/) + +The company is an auto dealer. Just not sure how Yahoo is picking up $1.86 billion. My brokers stock screener is also saying the same thing. +I'm trying to better understand the benefits and pitfalls of backdoor Roth IRAs. + +Consider the following assumptions: + +* You are beyond the income limit for contributing directly to a Roth IRA +* You do not have any deductible traditional IRA contributions (so no pro-rata issues) +* You have not contributed/rolled-into to any Roth IRAs this year +* You believe your future retirement tax-bracket will be higher than what it is now + +You then invest early in the year into a Non-Deductible Traditional IRA, with the intent to rollover into a Roth IRA. + +**IF** it's a lump-sum contribution **AND** you immediately rollover, my understanding is there are no fees/penalties/taxes (under above assumptions). + +**NOW** suppose instead you wait several months before converting, and your Traditional IRA sees a 30% gain. My understanding is when you convert, you need to pay tax on that 30% gain. + +Questions: + +1. Is my understanding correct? +2. Whats the best way to quantify the value of converting, **given** you need to pay a gains tax? +I have been posting a lot about how important I think psychology is and how much i struggle with it. I have finally come to realize that sheer will won't help me because in the moment, my ability to think logically goes out the window. + +And as much as I hate to admit it and I have posted a rant about it, i think i do have a personality that is susceptible to gambling addiction if I don't already have it. I remember even watching a video from SMB Capital that thinks that sheer will is bullshit for fixing mistakes if you don't implement an actual tangible solution. + +So i finally decided that i was going to actually force myself to not oversize and not overtrade by making my broker force me to only have one contract at a time (i'm trading futures now) and have a daily profit target, to which i can raise bit by bit if i have a green week. Right now I have it set at $100 a day. and if i have a green week, i will set it to $105 next week. and then $110 the following, and so on so on. + +Had a pretty rough week so far. Realized that despite any materials I read, any videos I watched, nothing helped. I like how someone else said "even therapists need to go to therapy". Just KNOWING your problems won't solve it. you need physical and tangible solutions to solve it. + +Long story short, sheer will doesn't work with psychological problems. Force yourself to fix it by implementing a plan that physically prevents you from doing it. +I’ve been trading for a while now. Was on a losing streak for months. Then I started doing so much better after learning from a friend who trades professionally. I started having some success. + +Then I started to have confidence like “hey maybe I’ve got this shit.” And WHAM the market says “fuck your confidence” and I get a big loss. + +I feel like it’s partially because I was trading losses for a while and my mistakes became bad habits and sometimes it just bleeds into my trades. Feels like sometimes it’s second nature to go the mistake route. + +Reminds me of when I was a kid taking private lessons to learn a musical instrument. After you make a mistake for so long, it becomes a bad habit that is insanely hard to fix. I just remember my teacher trying to fix my posture and hand position and it SUCKED so bad. +Hey everyone! + +I am 25 years old and recently shifted from the field of Data Science to Algorithmic Trading. I am working in a startup currently as a Quant. Two guys started it about year and half ago. I joined them two months ago. I am getting paid barely just to cover my rent. I was told that I have to wait for just a month, then they would get some funding and I will have a proper job contract with proper salary. + +Before me, they were just trying with machine learning but didn't receive any success. Since I joined them, I created my strategy, code it up, hosted it over the cloud, built live dashboard and now successfully running it and testing it on 10k account. The equity curve is pretty stable with a good return. I have coded up my own backtester and written the code in a modular fashion so it is very easy now to design new strategies, backtest it and go live. + +&#x200B; + +My company's CEO is in touch with many investors and now in next week, we are going to deploy the same strategies for multiple accounts. + +&#x200B; + +Now here are the cons of working with them: + +&#x200B; + +1. I have no formal contract (only verbal agreement) with them. +2. I have built the entire system (backtester, live code, dashboard) and strategy on which now the company holds IP +3. I have been paid just to barely cover my rent in these two months. I was being paid quite nicely (10X more) in my previous position. +4. I have no idea when we will get funding, and what would be the nature of the job contract. And how much equity will I receive, despite the fact that the entire company is running because of me. +5. The company will hold IPs for all my future strategies. + +And here are the pros: + +1. I get to meet new investors almost every week. +2. I have learnt a lot about regulations and licensing. +3. I am relatively introvert so it makes sense for me to have someone who can pitch the investors for me. + +&#x200B; + +I hold a computer science bachelors and just started with my masters in Financial Engineering part time and am learning new ideas everyday. I am now in a position to open my own fund and start building track record. + +&#x200B; + +Am I undercharging myself? What advice would you give to a 25 year old who want to be a Quant and open his own hedge fund one day? + +Do you think it is wise if I built my own strategies, hold all IP and ask them to subscribe to my services? + +Thank you! +**🏊** **New staking pools are live, migrate your $NAFT to the new pools and check out or sweet APY's!** **🏊** + +**🍭Where Content Becomes Collectible** + +Introducing Nafter, an online marketplace for creators and fans to buy, sell, mint & collect content NFTs — all in one web app. + +**🍭Introducing 🏊 Nafter Pools** + +👙Simply choose a pool, stake your NAFT tokens & earn NAFT tokens as a reward for staking.👙 + +**🍭Mint. Sell. Collect.** + +Take a photo from your smartphone, "mint" it to an Non-fungible token(NFT), post your newly minted NFT to Nafter, then share & sell them to your biggest fans. + +**🍭Monetize Media in Minutes** + +Post a photo to Nafter and it becomes a unique NFT, a collectable to sell to your fans in the app. The more fans you have, the more your content pays. + +**🍭Stake to Unlock Exclusive Content** + +By staking on a creator’s profile, you will gain access to exclusive content by that creator, while also being able to earn additional NAFT tokens. + +**🍭Shop Seamlessly** + +Purchasing content and staking on profiles is only a tap away by using your Metamask wallet + +**🍭Control Who Sees Your Content** + +Customize who can see your NFTs. You can make posts public, or for collectors/stakers only. + +**🍭Discover the World of NFTs** + +Find new NFT photos in creators’ feeds, or discover what’s trending in the community-curated Explorer. + +**Tokenomics and more:** + +**💎** Fully Audited 💎 + +**📈:** Low MC + +**🔒:** LP is Locked! + +**✅:** Ownership Renounced + +**🏆:** Join Early before we take off! + +**0% fees on Nafter transactions** + +**Important links:** + +**🌏 Website:** https://nafter.io/ + +**💬 Telegram:** https://t.me/nafterapp + +**💩 Token address:** 0xd7730681b1dc8f6f969166b29d8a5ea8568616a3  + +**📝Contract address:** https://bscscan.com/address/0xd7730681b1dc8f6f969166b29d8a5ea8568616a3#code + +As always, **DYOR** with the information provided and please feel free to join the telegram if you have any questions for our welcoming community, thankyou! +The presale is going live on Unicrypt tonight at 8pm CEST!. After the presale they will then immediatelly start work on setting up a company, and buying their first cars whilst continuing marketing. At this presale you will be able to get $RIDES for 10% cheaper than their initial release on Pancakeswap, so don't miss this golden opportunity! + +&#x200B; + +\*\* How does Bit Rides work?\*\* + +Bit Rides has a simple yet solid concept. There is a transaction tax of 4% on every transaction, which is used to progress the cryptoasset and the business. These funds can then be used to buy cars for the dealership. The community then votes to decide whether the ride will sold, leased or rented. A major portion of the profit made is then shared back between holders based on the amount of $RIDES they hold. This dealership will be accessible through our showroom, website and mobile application. + +&#x200B; + +This creates a passive income environment where all you need to do is hold $RIDES to get 5% rewards, and once the dealership is set up you will recieve a portion of the dealerships rewards in either USDT/BNB/$RIDES. + +&#x200B; + +\*\*We are also giving away a car worth 20,000 EUR\*\*, which is a Volkswagen Polo 2019 High Line. The price is based on standard price in The Netherlands. This giveaway will be conducted when the project reaches a Milestone of $10 Million Market Cap. + +&#x200B; + +Do not miss on this chance to get some sweet $RIDES at the cheapest and earliest opportunity! + +&#x200B; + +\*\* Presale Link: [https://app.unicrypt.network/amm/pancake-v2/ilo/0x2e92672546f7B187Fe3760662c38a09b37d32166\*\*](https://app.unicrypt.network/amm/pancake-v2/ilo/0x2e92672546f7B187Fe3760662c38a09b37d32166**) + +&#x200B; + +\*\* Presale Date: 22nd October, 8 PM CEST.\*\* + +&#x200B; + +\*\* UniCrypt AMA Date: 22nd October, 6 PM CEST. Venue: UniCrypt ILO Telegram Group\*\* + +&#x200B; + +Important links of the project - + +&#x200B; + +🚙 Website: [https://bitrides.net](https://bitrides.net) + +&#x200B; + +🚙 Telegram: [https://t.me/bitrides](https://t.me/bitrides) + +&#x200B; + +🚙 Twitter: [https://twitter.com/bitrides](https://twitter.com/bitrides) + +&#x200B; + +🚙 Instagram: [https://instagram.com/bitrides](https://instagram.com/bitrides) + +&#x200B; + +🚙 Whitepaper: [https://bitrides.net/whitepaper](https://bitrides.net/whitepaper) + +&#x200B; + +🚙 Contract: [https://bscscan.com/address/0x4538042597b9e71ee0c0d056a9c9c3b4d57bf01c](https://bscscan.com/address/0x4538042597b9e71ee0c0d056a9c9c3b4d57bf01c) + +&#x200B; + +🚙 Contract Audit: [https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract\_Audit\_Solidproof\_BitRides.pdf](https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_BitRides.pdf) + +&#x200B; + +🚙 Team KYC Document: [https://github.com/solidproof/kyc-certificates/blob/main/KYC\_Certificate\_BitRides.png](https://github.com/solidproof/kyc-certificates/blob/main/KYC_Certificate_BitRides.png) + +&#x200B; + +🚙 20,000 EUR Car Giveaway: [https://www.youtube.com/watch?v=AZrQpSd8Ba8](https://www.youtube.com/watch?v=AZrQpSd8Ba8) + +&#x200B; + +🚙 10,000 USD Shilling Contest: [https://t.me/bitridesshills](https://t.me/bitridesshills) + +&#x200B; + +Here are a few things which make this project great: + +&#x200B; + +✅ Unique use-case + +&#x200B; + +✅ Community Based + +&#x200B; + +✅ Presale opportunity on trusted platform + +&#x200B; + +✅ Holder Rewards in BNB, Tokens and more + +&#x200B; + +✅ KYC Authorized Developers & plans for linear doxxing along with project progression. + +&#x200B; + +✅ Audited Contract at Launch + +&#x200B; + +✅ Shillers get rewarded + +&#x200B; + +\*\*The project tokenomics are as follows:\*\* + +&#x200B; + +🚙 Total Supply: 10 Billion $RIDES + +&#x200B; + +🚙 Burnt Supply: 2 Billion $RIDES (20%) + +&#x200B; + +🚙 Development & Marketing Funds: 700 Million $RIDES (7%) + +&#x200B; + +🚙 Presale: 4.34 Billion $RIDES (43.4%) + +&#x200B; + +🚙 Circulating Supply: 7.3 Billion $RIDES + +&#x200B; + +\*\*The transaction tax is 13% which can be broken down as follow:\*\* + +&#x200B; + +🔹 4% Added to Liquidity. + +&#x200B; + +🔹 4% Used for project assets such as vehicles. + +&#x200B; + +🔹 3% Reflection in BNB for Holders. + +&#x200B; + +🔹 2% Reflection in $RIDES for Holders. + +&#x200B; + +This means that on every transaction, Bit Rides holders are going to earn more $RIDES and BNB just for showing their loyalty to the project. This is not all, there are more rewards and giveaways planned for the community once the Dealership Business is established. + +&#x200B; + +Slippage will be 15%. + +&#x200B; + +\*\*According to the Roadmap, the Developers have planned a lot of big moves, a few of them are:\*\* + +&#x200B; + +✅ Listing on CoinMarketCap & CoinGecko. + +&#x200B; + +✅ Listing on Centralized Exchanges. + +&#x200B; + +✅ Community Giveaways and future car giveaways which are available on the website. + +&#x200B; + +✅ Bit Rides Company and Dealership Registration. + +&#x200B; + +✅ Vetted & Unvetted listing - In progress. + +&#x200B; + +✅ NFT Platform for purchased cars - In progress. + +&#x200B; + +✅ Giving away 10,000 USD for shilling your bags - In progress. + +&#x200B; + +With all this said, I personally think that this project is going to be the next game changer. From the information I have acquired it seems like a safe and dependable project to invest into, but I advise you to do your own research. +(Please follow up the edits, as I will add/correct info if needed with the help of the comments section and Charlie's Channel) + +&#x200B; + +**TL.DR: It seems like those fuckers are hiding (covering but not closing) the synthetics, then shorting the ETF that holds the puts hiding the synthetics. (Thanks to YT user Blackchain).** + +**~~^((We have turned off our share lending, so they are resorting to ETFs)~~****\*\*\*\*****~~)~~** + +&#x200B; + +Point 1: [Almost 575 MILLION puts](https://www.youtube.com/watch?v=bi1Qfql3mCw) for IWM is the number Charlie could find. + +&#x200B; + +Point 2: [ETF Manipulation IS A COUNTER TO SHARE LENDING](https://www.youtube.com/watch?v=q0_a8C9lvOo) + +&#x200B; + +Point 3: [Further proof that this is “all one giant share lending mess”](https://www.youtube.com/watch?v=TYs2ZPijdHw) + +&#x200B; + +Point 4: [Give a look at the MSCI ESG score for iShares ETF (aka DOGSHIT)](https://www.youtube.com/watch?v=NQezP2PfJrM) + +&#x200B; + +Point 5: IF YOU HAVEN'T TURNED OFF YOUR SHARE LENDING OPTION, THE TIME IS NOW =) + +&#x200B; + +Point72: [=)](https://en.wikipedia.org/wiki/Pile_of_Poo_emoji) + +&#x200B; + +[Snapshot from point 1 video.](https://preview.redd.it/vhxis9ypm0f71.png?width=2022&format=png&auto=webp&s=8409871cfa61f811248909637d5f648fa83b3cd1) + +[Snapshot from point 2 video.](https://preview.redd.it/qoo6q2wk50f71.png?width=1716&format=png&auto=webp&s=37cc4ad496a6db30962a1d3501ad544585d20c9a) + +[Snapshot from point 3 video.](https://preview.redd.it/m0ituw7dl1f71.png?width=1478&format=png&auto=webp&s=a395295a65e58c0692519a2c62b5d604bb452626) + +&#x200B; + +END GAME MUCH? + +&#x200B; + +RULES BEING ENFORCED? DON'T THINK SO + +&#x200B; + +INSIDER TRADING, FRAUD, COLLUSION FOR COLLAPSE AND MAYO SHORTING + +&#x200B; + +WHAT THE FUCK FOLKS, + +WHAT THE FUCK. + +&#x200B; + +EDIT: If there's any info to be corrected, Charlie will post a video on >[his page](https://www.youtube.com/c/CharliesVids/videos)<. Even if that's not the case, I would still totally recommend his channel, as its pretty much unique as to the info he digs. + +Edit 2: Added another link to another mindblowing video. + +Edit 3: **It’s put contracts but it’s in the IWM ETF not GME** (thank you u/squidja) - Take a look at the weight of GME over this ETF and the % shorted + +Edit 4: Changed the first photo to better reflect the idea of the video. + +&#x200B; + +(not financial advice) +One of the things you’ll hear most in the crypto space is people ask themselves “what if I had bought BTC back when it was $100, $10, $1, etc,” and not just BTC, but any number of coins or tokens. Obviously, with the price of BTC where it is now, it’s hard to imagine that it was ever as low as the examples I gave, let alone that people actually bought and owned BTC at those prices. Yet, for BTC to have come this far, people had to have been buying, mining, and utilizing BTC since its inception when it was below even a dollar. + +With this in mind, is there anyone in this sub that actually managed to buy/mine BTC (or really any crypto), at a very low price relative to where it is now, and actually continued to hold despite the gains? + +Stories of paper handing away low Dollar Cost Averages are also appreciated. +Hi all, + +I have avoided T for a while, but I noticed today that despite the 7% pop in price, it still trades at 0.72 price to book value (That means it’s price is 72% of its book value). + +I understand people sold off when they separated from discover, and also because of the subsequently lowered dividends. But 0.72 seems… excessive? + +Is there another reason for its price to be this low? Is the book value just not trust worth? What am I missing here + +Edit: the thing I was missing was something called “goodwill” which is a measure of intangible value added to the assets of the company, thereby inflating their book value beyond what their actual assets are worth. +ASKOLend is a decentralized finance protocol that allows people to lend and borrow crypto. + +&#x200B; + +You can compare ASKO with AAVE. (6B Marketcap, Lending platform) + +**Current Marketcap (USD): 6,806,775.59** + +**Circulating Supply: 107,447,517** (title says 102, but its 107) + +**40 percent of the tokens are currently staked.** + +&#x200B; + +What speaks for ASKO? + +• AAVE has 23 assets listed, ASKO will list up to 11 tokens at launch with more to come. + +\- In ASKO you can choose between a high risk pool with a change to be slashed, or a lower risk pool with no chance. -> The rewards being higher in the slash-risk pool. • Tierlending with different risk categories is one big difference from AAVE. + +Apart from that, the coin is sitting at 12M MCAP. AAVE is at 6B MCAP. (Jesus christ) Let's say Asko is only 5% successful: 5% of AAVE is a x30 from now. + +&#x200B; + +**Some very comfy bullpoints:** + +&#x200B; + +• Devteam is dorg. (Developer of The Graph, Gnosis, and Balancer). -> Every coin they touched went over 1B Mcap (Proof: [https://twitter.com/dOrg\_tech/status/1303258902977564672](https://twitter.com/dOrg_tech/status/1303258902977564672)) + +• Code is fully audited and passed security audits. + +\- Quillhash Audit: [https://drive.google.com/file/d/1JwCCkcWnhpiXkaJMhms8WLY\_hmzEkrL9/view](https://drive.google.com/file/d/1JwCCkcWnhpiXkaJMhms8WLY_hmzEkrL9/view) + +• **CEO is from US and very based. • Mainnetlaunch and AVOLEND launch is on the 13th of this month (3 days from now)** + +\- d0rg Medium post AMA: [https://medium.com/@thegeneral1/askobar-network-x-dorg-team-x-american-hito-of-uniswap-army-8be7113c049b](https://medium.com/@thegeneral1/askobar-network-x-dorg-team-x-american-hito-of-uniswap-army-8be7113c049b) + +&#x200B; + +**EDIT:** + +What sets ASKO apart from AAVE and compound? + +*" In AAVE if you’re staking your AAVE in the safety module you may lose up to 1/3rd of your staked amount if there’s a sudden insolvency and the protocol needs to balance it out* + +*In ASKO when you stake you can choose between a high risk pool with a chance to be slashed, or a lower risk pool with no chance* + +*The rewards being higher in the slash-risk pool* + +*TLDR: Low and High risk pools"* + +&#x200B; + +**Conclusion:** + +Buy in, this is probably the biggest gem right now. Get a bag as soon as possible. + +Remember (we are still super early): -Still no TOP 10 CEX Listing (Only nerds can buy it right now) -Still no youtubers 'shilling' it + +&#x200B; + +Twitter ([https://twitter.com/dOrg\_tech](https://twitter.com/dOrg_tech)) + +Dorg (@Dorg) | Twitter + +The latest Tweets from Dorg ([https://twitter.com/dOrg\_tech](https://twitter.com/dOrg_tech)) +So with these LETFS on sale I am loading up on around 2-3k shares each through DCA right now. I want to sell CC basically for additional income to build the account. Getting about 1k per month from each of these is what I am shooting for. I can do this by selling CCs on about half of the shares at the 30 delta. Does anyone do this with ETFs they want to hold long term or is it full of headaches getting shares called away and having to repurchase? Would it be better to just hold the LETF and sell CC on stocks for the income like AMD AMZN GOOG and I don’t care if they get called away? +Disclaimer: If you take a fully passive approach, this doesn’t apply to you. DCAing VOO/SPY/whatever index is the best low effort way to get rich over time. + +Lately I’ve seen countless “it’s a bubble” posts everywhere. Are SPACs a bubble? Yes. Is green energy a bubble? Yes. Are EVs a bubble? 1000% yes. Same with other sectors like marijuana. Frankly, anyone buying longterm positions in a Tesla, Plug Power, Nio, or any of these other companies that had a 1000% run up will be in for a rude awakening on any multiples contraction or sentiment shift. I imagine I’ll get pushback on this, but a company like Nio is priced to perfection with a near $100B market cap while selling a few thousand cars. Interesting to me that people call these companies the future without realizing how much they’re actually paying for these holdings. All that being said, Tesla, Nio, etc could double again this year and I wouldn’t bet against it. + +Naturally, there are comparisons to the dot com bubble. “When it pops, you’ll lose 90%!” For the Tesla cult, such as the guy who went viral for quitting his job and just living off of Tesla stock, yeah he’s probably screwed. However, most making the argument about the bubble popping conveniently leave out the people who rode the hype wave up and cashed out. + +It took months for the dotcom bubble to fully crash, and investors had countless opportunities to cash out after a 5,10, and even 20% drawdown from the peak. 90% crashes don’t happen overnight, they take time. With 0 commission trading, it’s never been easier to hit the sell button, but people panic and hope that their holdings will rebound. Hopium is certainly dangerous. At some point, buyers will stop coming in, and Nio at $100B market cap will look ridiculous in hindsight. + +But right now, there has been and continues to be a lot of money to be made. Talking heads on CNBC calling for reckless trading by the new gen investors are assuming that everyone is just buy and holding for the longterm. + +People who have been riding momentum have made an absolute killing over the last year, while everyone screamed bubble! Valuations will ALWAYS matter in the longterm, but prices can become disconnected from reality for a long time as buyers chase them higher. + +It’s easy to sit back and scream “Bubble!” But IF you actively manage your portfolio (again does not apply to DCA gang), I’d imagine you’re a bit salty for missing out on gains. When there’s money to be made, make it. Just don’t forget to sell. + +The real issue is the group that thinks all these green energy or next gen companies will take over the world, and they’re buying for the longterm. News flash: if you read through their quarterly reports, most of these companies are overvalued, low margin businesses that are supported by people investing in an idea, not the reality of the company’s financials. Most of these hot sectors are fantastic for trading, but buyer beware for long holders. + +Personally, I am fully aware that SPACs are in a bubble like state, but I have been determined to make as much $$$ as possible until market conditions change. Being cognizant of risk and market conditions is important, and I’ve had a fantastic year while keeping my eye on the exit. + +In summary, people tend to scream “bubble” when they missed out on the ride. After all, no one would choose less money over more. Longterm investors in bubble sectors will be in for pain if they hold all the way down after a pop, but a ton of money is made on the way up. George Soros once said, “When I see a bubble, I rush in and buy.” Just an interesting thought. At the end of the day, we’re all trying to make money. Not a sin to ride the wave. +Hey, I am looking to help my brother move to be near us. We really want him to live close by, but he cannot afford the houses nearby in this crazy hot city housing market right now. I want to buy a house for his family, and sell it back to him with an affordable monthly payment. I am looking for any and all creative (& legal) ideas on how I could do this. Here are a few pertinent details before you give feedback. + +1. Assume the house is $500k and typical monthly payment is \`\`\`\`\~$2,300. We want to get that monthly payment down to around $1,400. +2. We want to keep his local tax rate at 4% (instead of what equates to around 12%) which means he needs to own 51% of the house. It's possible that owner financing does not count as "ownership" but we will have real-estate and/or estate attorneys make sure this is the case. +3. We would buy the house with a PAL line and try to balance out our long term interest with what they pay in interest (not trying to make a lot of money here). +4. We are not worried about him paying the mortgage. He is very responsible. However, we would try to structure the paperwork so that we can take the home back if ever was needed. Obviously last ditch possibility. + +Current thinking is that we could buy him a $500k home, we retain 20% ownership long term as investment. So $400k is left. Then gift him $60k, then he puts in $70k from sale of current house. So $270k left. Then we finance that back to him with similar terms to a 30yr mortgage at 4%. That takes monthly payment to around $1,400. The only problem I see is it might work out that if we own 20% and we are financing the $270k back to him, then maybe we technically own more than 50%. Waiting for an answer on this. + +Please only constructive feedback on this... but any ideas welcome. +Hey Guys, + +Basically I'm a noob and my friend and I bought a 6 unit apt building in Queens NYC, yadda yadda. The deals closed no backing out now. + + Last moment we discovered there's apparently 2 units still occupied by tenants. We don't wanna be assholes especially with covid and all but our plan was to renovate this place and rent and refinance out of it. + +I guess it boils down to how to legally and FAIRLY evict / relocate these good people? And what's the local laws if anyone is familiar with NYC? + +Thanks in advance, + +Newbie +I have rented to section 8 and DSS applicants in the past with no issues, but after watching this video [https://www.reddit.com/r/trashy/comments/afg68o/landlord\_rents\_out\_beautiful\_two\_story\_house\_to\_a/](https://www.reddit.com/r/trashy/comments/afg68o/landlord_rents_out_beautiful_two_story_house_to_a/) it got me thinking. Is there any way to either make the government/state agree to a lease which holds them responsible for the tenant they are sponsoring? Will I win a battle if I go after them for damages? +We typically buy rental properties with cash, but a friend is liquidating his last property and is selling it to us below market rate. The sales price is $125k but we only have $40k to put in right now. He says he’ll take the $40k at closing and owner finance the remainder on a 3 year fixed rate note with balloon payment at the end. We’ll definitely have it paid off in 3 years. + +No realtors or banks involved, just the title company. What’s the best way to set the loan up? Download a template from Legal Zoom or something of that sort? Thanks +Hello ALL, + +So I am 24yo, a team leader, and just moved to another shop (same company). My new boss is always telling me how I should spend money, how I need a car to have a better life quality, to give the right message to my team, how cycling to work isnt good for me. I´m realy getting tired of hearing him tbh, how would you deal with it? Should I just give him a hint I have a larger than normal stack for my age and I´m preparing to retire? +Realy apreaciate any insight. thanks +To be terse, as my income increases I find myself increasingly scrutinizing the “do it yourself” route to my problems. What are some things you outsource to an assistant/Fiverr/contractor without batting an eye? +1. You would have sold for 1,000 + +2. You can buy more shares before we squeeze + +3. You’ve learned more about finance in months than most people in their lifetimes + +4. You experienced first hand now twisted the MSM is and know to not trust them + +5. The friends we made along the way +Just blew the remaining cents of my third $200 account. I know where I'm failing, I have like $10k saved money, I have no job just to focus on being profitable and failed miserably. I need to earn money somehow because bills keep coming and them are draining my saved money. + +I am indisciplined and anxious af. If u have any tips to help me deal with it, or some nice words ure most welcome. + +This is a very very toxic job, I dream to have an abundant life through forex but it's very frustrating to know u are one sh*tty noob project of professional daytrader that can't even control it's emotions. + +If u are reading this, I would say you my sincere Congratulation, I envy you and I wish to be profitable like you. U are blessed. +Hi all, + +I just wanted to share my trading experience with you so far, and maybe help some people who may be in the situation as I am. I started trading about 2-3 months ago. I started with baby pips, opened a demo account, and got cocky a couple weeks into it and made a live account with $100, and every other week or so put $20 extra in. (thank God I didn’t put it more than that). Today, my account stands at around $68, with a total P/L of -$131.76. I have been really uncomfortable losing money, even if it’s not a lot, and that uncomfortableness forced me to realize my mistake. + +I thought I could half ass a strategy and be a winner in forex, and the market humbled me extremely quickly. I actually didn’t have a strategy at all. It was a lazy mix of a bunch of different typical strategies I saw on YouTube. I also let my emotions get into trades, after a losing trade I would get back in the market in the opposite direction to try and make up for my loss. All bad, I know. I was too cocky. + +Just like anything difficult in life, you cannot half ass forex. I spent all of Friday testing an EXTREMELY simple strategy on 4 major pairs, and out of 93 total trades over the last 6 months, the win rate of my strategy is 73%. From now on, I vow to ONLY make a trade when my strategy presents itself. Moral of the story is, if you think you can half ass forex, you better wake up right now. Find a strategy, backtest it, and only trade said strategy. Have some discipline. + +Here is my extremely simple, backtested strategy with a 73% win rate that I got from The Trading Channel on YouTube: + +Indicators: 200 EMA + +Requirements: 2 wicks IN A ROW that TOUCH the 200 EMA, that have candle bodies that both close above or below the 200 EMA. If both candles close above the 200 EMA, go long. If both candles close below the 200 EMA go short. Stay extremely strict with the rules of the strategy. + +Here are the pairs that I have tested this strategy on over the past 6 months, that total a 73% win rate: + +-GBP/USD: 18/27 winning trades (67%) + +-NZD/USD: 15/27 winning trades (71%) + +-EUR/USD: 15/20 winning trades (75%) + +-EUR/GBP: 20/25 winning trades (80%) + +All backtesting was done on the H1 chart. I tried on the daily and H4 charts but the frequency just wasn’t enough. In the video that I got this strategy from he was trying to highlight the importance of the frequency of your strategy. Even if it may have a really high winning percentage, if it only happens once a year it’s not a good strategy. + +Also on a side note, I’ve seen a lot of conflicting opinions on whether or not the US election will effect USD pairs, do you guys think the election will mess with my strategy this upcoming week, or should I just trade my strategy and pay not attention to the results of the election? + +Thanks for reading, and happy trading + +Sincerely, u/emopatriot +Nifty is breaking crucial levels on daily basis since past week. Although, the percentage fall in Nifty is lesser than that of global indices including US. + +Is there a chance of Nifty in next couple weeks getting a little bullish since India could act as a safe haven for global investors since businesses aren’t much dependent on outsiders and internal demand won’t be effected much because of huge population? + +Or do you suppose it would go down along with global indices? If that’s the case, what’s the crucial support it could take according to you? + +SGXNifty is already down @ 11100 as now. If the same downtrend continues, won’t be shocked to see Nifty testing 10000-10500 levels within a month. +I will file my ITR under 44ADA for AY21-22 and want to opt for the new tax regime (as it is showing beneficial to me). Can I change this and move back to the old regime in AY22-23? +Hey there, + +What do you guys think should be the Indian bets for EV and renewable energy? + +Renewable- Is Adani green overvalued? +Thoughts on TATA power? + +EV- Seems like only TATA motors and Mahindra are good bets here? Anything on these? + +Battery and Li- From what I know batteries in China are made dirt cheap. (Interned at an e mobility start up) + + +What are the other big sectors to look forward to? +If I buy some raw material for ₹8000, I am buying some value here + +Hence I'll pay GST on it say 5% + +My total cost is now ₹8,400 + +I will add some value to it + +Now I will sell it for ₹10,000 + +And consumer will pay 18% GST on it + +So consumer will pay me total of ₹11,800 + +But consumer is paying a tax on 10k which already includes cost price ₹8400 which had tax component ₹400 + +Then isn't consumer paying tax on tax? +I am a FIRE aspirant. Since FIRE is so dependent on long-term investing and markets/macroeconomics will change during decades (+ve stories: China, India. -ve stories: UK, Greece), does anyone recommend trying to understand markets and how the various ones around the globe are interconnected and dynamically changing? I am always at a loss with stuff like leaps, swaps, etc. I eventually come around to understanding them but global markets have a very complex structure and there's always some remaining subtlety w.r.t. currencies, debts, balance sheets, corporation/GDP valuation, etc. Is it worth trying to understand the market structure? I have found some nice books on this recently but am in two minds on whether to invest time reading them: + +1. The Mystery of Banking by Rothbard: [https://cdn.mises.org/Mystery%20of%20Banking\_2.pdf](https://cdn.mises.org/Mystery%20of%20Banking_2.pdf) (freely available) +2. The Economics of Money, Banking, and Financial Markets by Mishkin: [https://www.amazon.com/Economics-Banking-Financial-Markets-Pearson/dp/0133836797](https://www.amazon.com/Economics-Banking-Financial-Markets-Pearson/dp/0133836797) +3. Financial Markets and Institutions by Mishkin and Eakins: [https://www.amazon.com/Financial-Markets-Institutions-Stanley-Frederic/dp/1292215003](https://www.amazon.com/Financial-Markets-Institutions-Stanley-Frederic/dp/1292215003) +4. Financial Markets and Institutions by Sanders and Cornett: [https://www.amazon.com/Financial-Markets-Institutions-Anthony-Saunders/dp/1259919714](https://www.amazon.com/Financial-Markets-Institutions-Anthony-Saunders/dp/1259919714) +Today, I got a mail from Kotak that after 30 txns per month subsequent transactions will be charged at 2.5rs or 5 rs depending upon the amount. I personally would not be much affected by this. But I think that free days of free UPI Transfer is coming to a close and other bank would follow suit. + +Interested to hear what your opinions are. + +EDIT: +Screenshot: http://imgur.com/gallery/sc9a47k +Guten Tag to this global band of Apes! 👋🦍 + +Reverse-repo activity had a significant rise and hit a new all-time-high, well ahead of the "normal" ATH at the end of a quarter; clearly there is a need for high quality collateral these days. Evergrande appears to be heading toward an unsupported default, which obviously is going to have a large impact across the world. And most importantly, evidence of what we all knew: that Kenneth Griffin perjured himself before Congress. While expecting anything to come from that is a bit optimistic given the players involved, what a treat it would be to see him held accountable for that. As GME volume continues to decline, and ComputerShare numbers continuing to rise, the MOASS is fueling up. Will we see some dramatic movements today? Do we get another weekend to anticipate what is in store? Bring your Diamantenhände and let's watch! + +Today is Friday, September 24th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$192.36 / 164,03 €** *(volume: 416)* +- 🟩 115 minutes in: $190.88 / 162,76 € *(volume: 410)* +- 🟩 110 minutes in: $190.86 / 162,75 € *(volume: 410)* +- 🟩 105 minutes in: $190.44 / 162,39 € *(volume: 408)* +- 🟥 100 minutes in: $190.40 / 162,35 € *(volume: 403)* +- 🟥 95 minutes in: $190.59 / 162,51 € *(volume: 402)* +- 🟩 90 minutes in: $190.82 / 162,71 € *(volume: 394)* +- 🟥 85 minutes in: $190.69 / 162,60 € *(volume: 388)* +- 🟩 80 minutes in: $191.76 / 163,51 € *(volume: 388)* +- 🟥 75 minutes in: $189.79 / 161,84 € *(volume: 388)* +- 🟥 70 minutes in: $191.47 / 163,26 € *(volume: 309)* +- 🟩 65 minutes in: $192.51 / 164,15 € *(volume: 225)* +- 🟥 60 minutes in: $191.55 / 163,34 € *(volume: 220)* +- ⬜ 55 minutes in: $191.60 / 163,38 € *(volume: 218)* +- 🟥 50 minutes in: $191.60 / 163,38 € *(volume: 218)* +- 🟩 45 minutes in: $191.67 / 163,44 € *(volume: 158)* +- 🟥 40 minutes in: $191.61 / 163,39 € *(volume: 108)* +- 🟥 25 minutes in: $191.66 / 163,43 € *(volume: 91)* +- ⬜ 20 minutes in: $191.70 / 163,46 € *(volume: 80)* +- 🟥 15 minutes in: $191.70 / 163,46 € *(volume: 80)* +- 🟩 10 minutes in: $191.76 / 163,51 € *(volume: 79)* +- 🟩 5 minutes in: $191.73 / 163,49 € *(volume: 79)* +- 🟩 0 minutes in: $191.72 / 163,47 € *(volume: 46)* +- 🟩 US close price: $191.24 / 163,07 € *($191.99 / 163,71 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.17274952. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +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! +Long story short, I cancelled my T-Mobile service in 2018 and was told there would be no remaining balance, that I was free & clear. Fast-forward to last month when I received a collection's notice! Sure enough, I checked Credit Karma and saw that I have a collections hit. I emailed John Legere (CEO of T-Mobile) and within a few hours his executive team responded. I calmly and rationally explained the situation, within 24 hours they responded again with a full breakdown of what happened and that they have zeroed out the balance due to my perfect payment history with the company and requested to have the account removed from third-party collections as well as from my credit report. +Made a throwaway account since I don’t tell my friends my net worth and a lot of them follow me on Reddit, but can confirm with mods that I’m not a troll. + +I’m 28 with two kids in a MCOL area and relocated from Silicon Valley 2 years ago. This past month, my net worth is valued at about 1.6m, (930k stocks + 650k in condo). My annual total compensation is 210k salary 250k RSUs and 100k cash bonus. I have been a software engineer at a FAANG for the last 4 years and am looking to retire by 35. + +I am starting to heavily invest in real estate assets to generate monthly cash flow besides the classic 4% rule. My first renovation project I took on converts a single family home into a triplex and almost doubles the ARV of the home. + +We just received the building permits from the city and in a few short months, construction will be finished and I will hit the 2 mil mark. + +I have no one to share this with. I made some bad choices as a kid with drugs and my dad refuses to speak with me. My friends from my hometown live paycheck to paycheck and oftentimes still with their parents, so I have been pretending to barely make ends meet when I chat with them. + +Couldn’t bottle it up anymore and not tell anyone , that I am proud of myself. 5 years ago I was a college dropout with a kid to provide for. Now I am a senior software engineer at a top tech company and on track to retire by 35. + +Thanks for reading. +My wife and I had about $150K in our redraw facility for our commbank home loan. As of some time last week it is no longer available to redraw. Remember if you ever want to be guaranteed of using the money when you need it get an offset account +Stop telling how you found an old hard drives with thousands of dollars worth. Stop saying how much you own. Stop saying how much you are selling or buying. Stop saying the value in a wallet you are trying to crack. + +Take this coming from someone who foolishly revealed my crypto net worth to my own sister and have been regretting it ever since. I could not imagine sharing that information with internet strangers and yet I see it posted here daily. +[*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! +Please put all $EEENF related info/questions here. All other threads will be deleted. Thank you and good luck! + +&#x200B; + +Also F in the chat for short term bagholders...you were warned! Gotta take profit on these volatile speculatory OTCs! +In the GFC, I was caught with a small non-bank lender whose cost of funds skyrocketed. They responded by lifting their variable rate above 11%, when major banks were around 7 or 8%. I was able to refinance with a major bank but others got trapped with them. Don’t get caught out - plan ahead now. +I am a loyal Stake user and have been for some time but noticed SW has now launched their much awaited US trading platform. + +Basic fees are as follows: + +* US$9.50 per trade flat fee (note USD not AUD, roughly about A$13 per trade) +* FX spread is 60 points (0.6%) off the rate quoted at the start of each day + +Compared to Stake: + +* Free brokerage on Stake +* FX spread however is much higher. Spread is 70US cents per A$100 which turns out to be approx. 93 AUD cents i.e. 0.93% spread. I am slightly confused by all of this because even the Stake website quotes an FX spread of 70bps. But that does make sense since they are different currencies. It would be poor form if they got this wrong on the website...or even poorer if they are intentionally doing this. Anyway... + +Based on the above, it would appear if you are a frequent trader then the zero commission on Stake makes sense. However, if you are a buy and hold investor, perhaps paying the flat fee with Selfwealth works out better given the substantial difference in FX spread which can add up. + +However, I did some squishy maths and made some graphs which shows that the lower FX spread charged by SW is quickly eroded by the brokerage costs. I used a $5,000 balance and $25,000 balance as an example which suggests: + +[https://i.imgur.com/cIvHxW0.png](https://i.imgur.com/cIvHxW0.png) + +\- At $5,000, the FX savings with Selfwealth do not make sense if you intend to invest this with 2 trades or more. + +\- At $25,000, the FX savings with Selfwealth are larger and you could make 6 trades before the brokerage starts to add up. + +The only thing I would add here which I have not taken into account is if you decide to sell, you will be hit with the FX spread on the conversion back to AUD, in which case, there will be additional savings with Selfwealth. + +You can also lower the FX spread costs of Stake by using Transferwise to make a USD to USD transfer, bypassing the Stake FX spread (but copping a flat US$5 fee). If you convert A$5,000 this way, the spread works out to be about 0.60% by the time the money hits your Stake account. + +Signing up is very frictionless with Selfwealth including the W8BEN form. + +I have also not compared the respective custodians, Drivewealth for Stake and Phillip Securities Pte Ltd. Stake amounts are insured under SIPC. I am not sure what is the case for SW. Stake also offers fractional trading. Not sure if SW can do fractional trades. + +Can anyone from SW confirm? + +TLDR: Stake is more competitive unless you are going to be investing larger amounts infrequently. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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I'm a noob. Maybe the question doesn't make any sense. Any info will be useful to understand the basics. Thanks. +For those of you who are FIRE, what is your reason for wanting to retire early? + +I’ve seen a lot of posts here lately where people are essentially like “I achieved FIRE but I don’t know what to do with my time” or “I have no motivation anymore.” + +To me, this is a simple problem of not having a solid intention around FI/RE in the first place. I think this is a common problem. People are so focused on the end result, they don’t spend time thinking about *why* they wanted that in the first place. + +For me, I want FIRE so I can spend my days hiking, painting, traveling, camping and seeing loved ones. I want to sail across the Atlantic. I want to surf in the best spots in the world. And I want to support my parents, and start a scholarship fund for kids in my hometown. + +So what’s your reason for getting up in the morning? What keeps you motivated? A lot of the posts on here are quite depressing and I’d love to combat that. +Hey Everyone, + +I thought I would share my story since I enjoy hearing how other people are doing on their path to FIRE. I have laid it out effectively in terms of school years since I still think in those terms. I only discovered FIRE in the last three years so I also don’t know my net worth for most years but have included estimates that are likely close. + +**College and background** + +I grew up in a low income household and felt very poor. Ended up at a highly selective liberal arts school. Their financial aid was pretty great at first but fell off a bit. I remember paying only $4,000 for my first year. This jumped to about $10,000 per year for the next three years. Not bad for the experience though. I had only saved a few thousand for college and I wasn’t excited about the prospect of debt, so I worked during school. 25-30 hours a week generally. On top of a very difficult course load (40-60 hours a week on coursework) I ended up feeling very tired and stressed. Looking back I regret working so much. I didn’t even make that much money really. + +I studied Physics. A friend of mine tried to get me to take Economics, but it never fit my schedule. I tried to take a Computer Science course, but I couldn’t take it due to demand. I regret both of these things. + +**Year 1 (June 2012):** + +**Salary $52,000 Cash $12,000 Debt $17,000 NW $-5,000** + +While I had always wanted to get a Doctorate, I became disillusioned with the post graduate school job market and decided to enter industry instead. I started working at a small manufacturing company as a Physicist/Manufacturing Engineer. It turns out there are not a lot of options to pursue as a physicist. I didn’t know what I was doing but at least there wasn’t too much pressure on me. Moved to a MCOL area. + +Paid off my debts in several months thanks to dirt cheap living expenses (<$1000/month). This was thanks to $400/month rent due to sharing a house with four other people in a not great part of town. I didn’t really track my net worth. I just deposited money in my checking account and tried not to spend too much. I think I put around 8% in my 401k. Looking back, I should have maxed it. + +**Year 2:** + +**Salary $57,000 NW $20,000?** + +Not much to report here. Just worked. Started graduate school part time in Mechanical Engineering. I felt a lack of options with only a Physics degree and felt I would have more options with an MSME. Probably a great choice especially since my work paid for it. I also initially enjoyed classes. + +**Year 3:** + +**Salary $63,000 NW $50,000?** + +I bought the house that I was renting. I probably overpaid for it, but I rented out rooms so it more than paid the mortgage. I guess I was house hacking. It really was about doing something with the money that was just accumulating in my savings account. Investing was scary to me. I borrowed $25,000 from my mother to help me cover the deposit and avoid PMI. I agreed to pay her back over the next 2.5 years. + +I also got engaged this year. More on this later. I continued taking classes. + +**Year 4:** + +**Salary $70,000 NW $100,000?** + +I got married! My wife was an artist so didn’t bring in very much money but also was debt free. We kept two renters, but they no longer covered the mortgage. Between a decrease in rent, paying for healthcare for my wife (an extra $400/month), and paying back my mother, things felt very tight. I kept contributing to my 401k though. This brought a fair amount of stress to the relationship. **I highly recommend talking about earning expectations before marriage.** We talked about everything else, but somehow this didn’t come up. I think in part because I was doing fine on my own and didn’t connect the loss of rental income plus increased expenses with marriage. What we did that helped was to budget. This was absolutely critical. + +**Year 5:** + +**Salary $77,000 NW $140,000?** + +This was a big year in many ways. Finished graduate school. Woo! Unfortunately part way through graduate school I realized I didn’t want to be an engineer. I enjoyed the business side of work and should have gotten an MBA. + +My wife applied to graduate school as we decided she needed to have a more steady career. We paid off the loan to my mother. The payment was the size of a mortgage, so it felt like we finally had some breathing room. + +Perhaps most importantly, this was the year that I discovered FIRE. This was good because I really started disliking my job at some point this year. **Started maxing my 401k.** + +**Year 6:** + +**Salary $87,000 NW $175,000?** + +I got promoted at work and started managing a team of engineers. I again liked my job though it was more stressful. I also applied to MBA programs. Missed out on top tiers schools (screwing up my Wharton interview is a very sad memory) but got an offer for full tuition at a mid-tier. Thanks to the promotion I decided to do part time grad school again since the company would pay for it. This was painful but probably a good choice. + +Started ROTH IRAs for myself and my wife. My wife started graduate school. She worked part time as well. Between part-time work and scholarships, most if not all of the cost was covered. + +**Year 7:** + +**Salary: $95,000 NW $250,000** + +Started grad school. Sold my house and moved to a small 1 BR apartment in a nice part of the city we live in. It was nice to get money out of the house and be able to invest it. I didn’t make a ton from the house sale but it lowered stress. Home ownership, especially for an older home, requires a lot of work. + +Started tracking balances every 2 weeks. Felt like this was a good balance of knowing what is happening without getting obsessed. + +**Year 8:** + +**Salary: $123,000 NW $325,000** + +I finished grad school part 2. Wife finished graduate school. I negotiated for a much higher salary at work. Started disliking work again though. Unfortunately covid happened so my wife was furloughed and went to doing gig work. She definitely made some money but it isn’t included in salary here. Started to finally not feel poor as well. That may be silly that it took so long but growing poor leaves marks that take a long time to fade. Something about hitting a significant income level and living in a nicer spot made a big difference. + +**Year 8.5 (Present)** + +**Salary: $130,000 NW $400,000** + +I accepted a job offer in a HCOL/VHCOL city. I will be making less when accounting for cost of living differences, but I think I will enjoy it more and have more growth options (edit: its a technical marketing role). My wife also just started work (another \~$60,000/year). The last time I checked finances we just crossed $400,000, which felt like a big milestone. Hitting six figures in a taxable account just happened as well and this was very exciting. + +**My recommendations**: + +1. Use a budget. I have had a high savings rate thanks to budgeting. +2. Max out your 401k early (unless it is a terrible fund or something). It will hurt but you can get used to it. +3. Talk about earnings/career expectations before marriage. Create a budget together before getting married. +4. Invest in yourself. Doing part time grad school twice was a good career choice even though it was very difficult. My company paid for it both times. +5. Home ownership can be a great vehicle for wealth building. I found it stressful and detracted from work. Investing in myself and my career will likely end up being a better choice for me. YMMV. + +Thanks for reading and for all of the encouragement that this community provides! + +Edit: I got a question about NW allocation: + +\- Savings: $50K (about to buy a car and move so have been hoarding cash for the last few months) + +\- 401K: $185K + +\- Roth IRA: $60K + +\- Brokerage: $105K + +Further edit: target number is $1.25 million. Probably another 12-15 years of work. + + +Last edit: A fair number of comments about whether or not I was poor growing up. I grew up in a single-parent family as the youngest of four children. We were below the poverty line until I was at least 12 when a second sibling moved out. I was on free school lunches until it was just me and then I was on reduced school lunches. My mother was a saver who had a full-time job and always took part time gig work as well. So once she was able to save due to her kids moving out, she did. That is why she was able to loan me money at that point (20+ years from when my dad left her). I am sure that plenty of people have worse situations than mine, but I assure you, we were indeed poor when I was young. +Having watched this battle play out all day. I am more than confident to say that a series of Whales have come to battle alongside with us retail shareholders. The Amount of volume and the amount of capital that was thrown at this stock today was nothing short of remarkable. The battle started at 11:01am EST, when the first short attack began, and the stock was able to find the floor at about $97.02. What followed was absolutely mind blowing. + +For the next nearly two hours there was a series of extremely systematic buying. I have absolutely no doubt in my mind that the whales have come to our aid. If you look at the chart below you will see that every 45 minutes there is a short attack of some sort and that attack is was denied every single time. Now I am not doubting at all in the strenght of out community, but the only folks out there with this much capital are other insitututions that want in on this historical event. + +https://preview.redd.it/g60mjf6yjqd61.png?width=859&format=png&auto=webp&s=dbec1601b7ee211993b5a0635f5ec54e8230dfb4 + +That's right I beleive at this time the Rohirrim has arrived lead by a mass of insitutional investors that want a slice of that 2.75 Billion dollar bail out. And they are willing to shell out at premium prices to bleed Melvin Capital Dry. There is still 30 minutes left in this session, lets just see how this plays out. + +This is just an observation with rough hypothesis based on today's oberserved trading activity and is not advice. + +EDIT: Just a Quick Update + +[The BALLS on the trade desks of these firms. They all must have custom Hagar Pants being made in a spare office on the daily.](https://preview.redd.it/3ekdo813rqd61.png?width=860&format=png&auto=webp&s=bcc42e0badc92f6e84af4435805fdc7eebc1bea3) + +Looks like according to Level two trading, there is a significant "Sell Wall" at $150 for about 54k shares. So there is going to need to be some significant volume to push through that level, which is completely possible at the open. + +Edit #1: Added dsiclosure + +Edit #2: Added chart at closing + +Positions: Feb 12 60c, 65c, 70c, 75c, 90c, 100c, 110c, + + + + +I mean it’s totally illogical to say that cryptocurrency is going to be replacing fiat money in the next few years. That’s not how it’s supposed to go. I mean these two asset classes can coexist and each serve in its way. + +The potential of crypto is surely huge, and we’ll be seeing a lot of growth in this market. But if you think that crypto is here to take away the existence of fiat money, you’re totally wrong. I mean the use of crypto is surely going to evolve, and we will be seeing a lot of payments accepted in crypto, and platforms like CoinOvy and Binance are already allowing to shop and pay with their coins and tokens. + +Bottom line: crypto and fiat will coexist, and the use cases of crypto will be increasing and giving it huge push in terms of value, but its main target isn’t to replace fiat at all. +Title. + +I literally have about $300 in savings. I pay $1,500 a month in rent, though I anticipate that this will go up to around $1,800 or so in the next few months as I'll need to move and rent is going up post-COVID - Unfortunately I work fully remote, so a 2 bedroom apartment is non-negotiable here. I do not own a car but would also like a parking space for when I eventually decide to buy one. + +**Things I'm doing to prepare** + +I've been looking at some channels on YouTube that recommend a 50/30/20 approach (Needs/Wants/Savings). + +As such I'm thinking of setting up 4 main accounts: + +1. A difficult-to-access hub account that automatically distributes my salary each month to the following.. +2. A spendings account +3. A savings account +4. A "needs" account for things like rent + +I plan on a weekly transfer of around $500 to my spendings account from the hub account as my "wants" to avoid overspending and because I think I'll find budgeting on a week-to-week basis much easier. + +An immediate transfer of rent into the needs account. **I'm not sure whether I should separate the rent account from other needs like groceries, bills, etc** \- as I can technically survive without hot water or on ramen noodles for a month in the event of a disaster, but I can absolutely not survive without a roof over my head. Advice here is also much appreciated. + +I also want to set up an immediate transfer of 20% of my monthly salary into savings. + +All of these calculations are to be done **after** I've made my super/pension contributions, which I'll put at around 10-15%. So I won't ever count that as part of my salary. + +This is the first time in my life actually budgeting at this rate but I've realised if I keep living they way I do, I'll end up broke at retirement age which has terrified me. + +Any advice, or thoughts on my plan, is much appreciated! +**As of the press time, ChinaEvergrande falls 1.79%.** + +China Evergrande announced on the Hong Kong Stock Exchange that on November 17, 2021, a wholly-owned subsidiary of the company entered into an agreement with United Resources Investment Holdings Co., Ltd., pursuant to which the seller agreed to sell and sell the house and agreed to purchase Hengteng Network Group Co., Ltd. **16.62 million issued shares** with a par value of **HK$0.02 is HK$1.28 per share** (approximately **24.26% discount** to Hengteng’s closing price of **HK$1.69** per share on November 17, 2021), and the total consideration is **HK$2.13 billion**. After the transaction is completed, the company will no longer hold any shares of Hanging. + +**Does this mean Evergrande already started to liquidate its assets to pay off debts???** +Revenue: $45.4B vs. $44.89B estimate + +iPhone unit sales: 41M sold vs. 40.7M estimate + +iPad unit sales: 11.4M + +Services up 22%. + +Q4 Revenue Guidance: 49 - 52B vs. 49.2B estimated + +AAPL is currently up ~~3.75% to 4.15%~~ ~6% aftermarket. + +https://www.cnbc.com/2017/08/01/apple-earnings-q3-2017.html +Curious for any HNW individuals what it would take to change your life. + +E.g. for 99.9%+ of the population $1M or even $100k could change things significantly for them but not for someone who has a net worth of say $10M. +Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017. + +https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm +https://www.bloomberg.com/news/articles/2017-07-28/second-quarter-u-s-growth-rate-of-2-6-underscores-resilience +Hi everyone, + +Due to my current financial situation i feel like i need another job to survive and save something for my future. + +I have a 40hours day job (in a travel agency) and on nights i would work in a warehouse, again for 40 hours a week. + +Both jobs time schedules are different and are also 2 completely different sectors, so in that matter i am not doing anything illegal. + +My questions are: + +1) It’s allowed to work 80hrs a week? + +2) Do i need to tell any of the 2 employees that i have another full time job due to taxes etc.? I am allowed from both sides to another job but would prefer to not tell any of the 2 employers regarding my other job as this will cause unnecessary concerns. + + +3. (Yes, i am desperate) Is there any training or course, online preferably i can take and able to find i a job one day which can pay me a yearly salary of around 40-50k? +Hi folks, +Have a house in the DC region and couldn’t escape the HOA trap. +I bought it for 415,000 three years ago and it’s up to 500,000 ( Zillow est ) now. +I rent it out while I live and work out of town. +The situation is great, my mortgage is being paid by tenants , but the HOA is needy AF. +Retired old men who loop the perimeter everyday and can’t wait to find something wrong. +I’ve put about 8,000 in three years into the outside of the house in fees expenses and material for so many little things. “We see some discolored wood by the roof, are you missing a shingle after the winter, your back fence is discolored where it touches the dirt “ +Often the HOA staff has mentioned they don’t actually know much about construction just that it looks better this way. +My tenants leave in 6 months, and I’m contemplating selling the house. +I’ll only make about 65,000 on it, but the cost, time and effort on the place continue and it’s stressful. +As this house is 1/3 of my portfolio, am I making a bad emotional decision? + +Thank you +I mean jumping up and down faster than your wife on her boyfriend’s shmeat throughout the week. You doorknobs think you know pain, looking at a share you're holding dip down 60%? That's nothing- I once reached into my crayon box to eat my favorite color (*Burnt Sienna*, I'm a f'ing **gentleman**) only to see that it was gone. *That's* pain. + + +Hold. For you newbie r-words, and I've seen a few pendejos that pretend this sub is for financial advice and not a herd of diamond-handed dumbasses shrieking “*REEEE!”*, a share's dip does not mean you lose money if you **f'ing hold**. "i'M nOrT A fInAnCiAl ANALyst AnD dIs Is NoRt FiNaNcIaL aDvOiCe", no durr i'm not, i just have enough chromosomes (69) to know I only lose when I sell. + +For any media that have infiltrated this site, how about you crawl out of MM’s sore-infested shit tunnels and emphasize that they overleveraged their slippery little fingies and might cause a financial collapse due to their stupidity? Maybe put the blame where it belongs, hmm? Or remind people how senators committing insider trading and buying shares in bodybags before a crippling pandemic is the most fucked up thing imaginable, but they got off scot free? Or talk about the doctors who are paying for med students’ bills with their gains, or any other person passing along their wealth? + +For the degens that were here in the last 5 years, and despite having a new account I was one of them (my old one was getting too many ads on shrinking my ground-smacking dong), this sub is not over. This sub is something new. This is all something new. + +So go back to your wife, wait patiently for her to finish getting railed by her absolute stud of a lover, and then cook them breakfast. It’s a new day. + +And they’re hungry. + + +**Position: 121 shares @ $100, I’m in ‘til the end.** 💎 🙌 +Does anyone here have experience with this? Basically our leasehold is £10 a year with 900+ years left and the freeholder has written to us offering the opportunity to buy the freehold for £1040. There's a form we fill in, email it to them, they charge our account... That's it apparently. + +Reading more online it doesn't seem quite that simple though. Do we need solicitors involved? Do we need to do our own valuation? What could this realistically end up costing us? + +Edit: thanks everyone for your replies. For a bit more context: +House is 1970s 3 bed semi, Manchester area , They collect the ground rent, The house value is around £267k, Yes it's legit (They've asked us if we want to buy it 2 months after moving in). Oh and We don't think that the whole street has been canvassed +I don't know how many people here have a long record of consistently beating just buying and holding SPY, but I have seen several posts over time where that claim has been made. + +Definitely not looking to spark a debate about whether or not they're telling the truth or how likely that is to continue, but I *am* curious to know how those same people would have done simply buying & holding whatever underlying(s) they've been trading to have that past success. I mean, if you disregard an unnatural streak of dumb luck, then selecting high-quality tickers to trade is probably going to be one of the most (if not *the* most) important requirements for succeeding. + +So... if you've got a talent for picking good companies, would you have been better off just buying shares (with or without leverage) and selling for income as needed? Or, has selling premium actually generated consistent alpha for you? +I own stock in a number of companies but also mostly do theta gang strategies, and I was thinking this morning, why shouldn't I close out all of my stock positions and then sell puts for the same amount I'm currently invested? I think it's a little safer. + +For example, on PLTR, I have about $17,500 in stock, if I sold all of that, then sold 4/30 $24 puts for $2.49, that gives me $1800 for 17,500 collateral, that would either guarantee a 10% return over the next 45 days, or I get to lower my total cost basis. The only issue is if PLTR goes to $40 by then I obviously miss out on a lot of upside. + +Does anyone only sell puts and sell calls or do most people hold stocks also? +Link to Tradingivew : [https://in.tradingview.com/chart/CNXPHARMA/wRrunnBa-Can-one-explain-the-trend-in-Pharma-sector/](https://in.tradingview.com/chart/CNXPHARMA/wRrunnBa-Can-one-explain-the-trend-in-Pharma-sector/) + +Why pharma rose from 2008 to 2015 then corrected and dipped till covid crash . What's happening in the sector , been in the market for last 1 year , don't have any insight nor any exposure to pharma. + +Don't want any trading insight , just from investment per sae and some sectoral insight +Hi all, + +Investment/financial noob here so please forgive the nature of my question. + +I'd like to know how to calculate profit after factoring in inflation over time. + +For example, lets say I purchased a house in 2009 for INR 40 lakhs and sold it in 2021 for INR 70 lakhs. + +The 'profit' is INR 30 lakhs, but of course Rs. 1 in 2009 is not the same as Rs. 1 in 2021. + +So how much did I really profit after factoring for inflation? + +Thank you! +From Andy Mukherjee’s excellent article in [*Bloomberg*](https://www.bloomberg.com/opinion/articles/2019-06-18/india-s-exotic-funds-are-a-40-billion-time-bomb-for-investors): + +>Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March. Since September, investors have committed an additional $9 billion to these so-called alternative investment funds. +> +>Accidents may occur because of a weak property market, leveraged developers and their troubled financiers, the shadow banks. Since non-bank finance companies are facing a liquidity shortage of their own, they’re passing on their illiquid, poor-quality builder loans to bespoke funds by indicating 20%-plus returns to investors. Distributors aren’t complaining. While the market regulator has put a leash on the expense ratio of publicly distributed mutual funds, there isn’t even a strict disclosure requirement on the 6%-10% fees that can be earned upfront for selling pipe dreams privately to 1,000 people, each of whom has to be able to commit at least $143,000 to qualify. +> +>An economy growing at its slowest pace in five years isn’t exactly a cornucopia of easy money. Instead, these private pools are being hawked to the middle class as get-rich-quick schemes. Relationship managers at banks are pushing them even to unwitting octogenarians who just need vanilla tax-free bonds to generate a regular income. +> +>After inflicting embarrassing losses on mom-and-pop investors, India’s mutual funds are cutting back their exposure to debt securities of shadow financiers. However, for the borrowers it means finding other options for as much as $19 billion in funding that must be repaid in the current quarter. The cost of their desperation nowadays is often a “side letter” – a payment they make on top of the agreed debt coupon. No wonder the fees for distributors are so juicy. +> +>It’s time the market regulator woke up because there’s every risk that middle-class investors will end up being hurt. They’re picking up nickels in front of a steamroller. With unsold housing inventory at an all-time high of almost 1.3 million homes across 30 cities, and developers needing twice as much operating profit as they’re currently making just to service their debt, shifting the problem to unsuspecting retirees is really no solution to India’s funding crunch. +I am passionate about investing. But, to my surprise, most of my friends consider it "boring" although there is clear financial motive to be intrigued. I wonder if this is just with my peer group or rather common ? Also, I wonder why people take less interest in it notwithstanding the financial incentives ? +Hello and good morning to all you wonderful Apes and Apettes! + +With rumours of Marge a calling in the air, something just feels different this morning; so I'm taking the plunge to post this checklist on a weekday instead of this weekend. Be aware that this is non-technical in nature and a very long post, so you might want to open in a new tab if you're better off getting ready for work. TL;DR in meme form at the end! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +There are *responsible* things you need to start thinking about before, during and after the rocket takes off. Why? Because people who are known to have $$$ (e.g. announced they won the lottery) have grandkids kidnapped and threatened and worse. Some winners are killed. You probably want to read [this](https://www.ar15.com/forums/general/-/5-749519/?page=1) (<- is OG source; reposted on [Reddit](https://www.reddit.com/r/AskReddit/comments/24vzgl/comment/chba4bf)) and start taking it seriously. Yes it's long, but don't worry, I summarized... but then needed to add good stuff so it's still long! Sorry, not sorry! This is **IMPORTANT.** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Before Rocket Launches + +ONE. ⚠ **Don't tell anyone you haven't already** ⚠. Anoymity is your first and best defence. Be the millionaire next door that no one realizes is a millionaire. A Lambo, other than a rental experience, does not help here. + +Have a look at this 20s video: [https://www.reddit.com/r/Superstonk/comments/n1t3xo/this\_is\_how\_i\_picture\_the\_mods\_when\_a\_particular/](https://www.reddit.com/r/Superstonk/comments/n1t3xo/this_is_how_i_picture_the_mods_when_a_particular/) + +This was an attempted kidnapping. Would you be able to respond like that? Would your spouse? Your kids? Do you want to live in a mindset where you need to be constantly aware of a building's entries, exits and where your back is facing? Proper security for **known** ultra-high net worth people includes things like bullet proof armored Merc with entourage picking up kids from school, significant home security, alarm dog, personal weapons and people watching (behaviours). + +Starting to get uncomfortable? Good. Now go read that first link in the post you skipped. + +Apes have reported getting 'offers' like: "I am sending out free headbands - just fill out the form with your info and I will mail it out!" - This is a scam. Giving them your info tells them a) You fall for this shit b) Your name & address and c) That you likely own shares. None of this is consistent with rule #1. + +Free Superstonk stickers or purchasing MOASS items from anywhere online other than GameStop also falls under this 'offer'. Even if the vendors are legit, the info can be sold to a 'marketer' or hacked. + +Have you been threatened? Report it! But Apes also have your back: [https://www.reddit.com/r/GME/comments/mcwdi1/fear\_for\_safetydeath\_threats/](https://www.reddit.com/r/GME/comments/mcwdi1/fear_for_safetydeath_threats/) + +&#x200B; + +TWO. Did you break Rule #1 before you knew it? + +Figure out a good line \~> "I sold too \[soon/late\] and missed the peak, but I made enough to pay off my car and mortgage" This is good because it is understandable and likely to be true - the "*and never work again*" is silent. Practice telling it to the mirror because you want it believable. + +Does your Reddit Avatar look like you? This is an easy fix. + +&#x200B; + +THREE. BROKERS: Add your kid(s) or parents to your brokers' " account beneficiary" list. Check out your broker's sell limitations ([https://www.reddit.com/r/Superstonk/comments/ml2lnw/28\_and\_counting\_brokers\_and\_their\_sell/](https://www.reddit.com/r/Superstonk/comments/ml2lnw/28_and_counting_brokers_and_their_sell/)). + +Make sure you're not using a broker that had issues in January. Yes, the day after in Jan was the best time to transfer, but I personally wouldn't trust RH not to choose a nice sub-1k price to sell my shares at. Check the agreement - I've heard that they have a clause that lets them sell without your permission 'To protect' clients... Here's the reference you need: [https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + +Consider printing out records and receipts. PDFs are good, but paper may be better. This is your proof you own shares on a given date in case of ultimate fuckery (not an excuse to stay with RH!). + +&#x200B; + +FOUR. Time to level up your IT security game. + +[We follow the Red Queen!](https://preview.redd.it/iawt09gp7vy61.png?width=416&format=png&auto=webp&s=1bfb168406f79d4ec2a8933e76572e2281a7e136) + +Make sure you have 2FA or MFA enabled for your important accounts. + +What's a VPN? It protects your IP (which tells people your general location) and encrypts your data so 'people' who may be trying to listen in can't see your info. + +[https://www.reddit.com/r/Superstonk/comments/n38nw1/ysk\_what\_a\_vpn\_is\_and\_isnt/](https://www.reddit.com/r/Superstonk/comments/n38nw1/ysk_what_a_vpn_is_and_isnt/) + +[https://www.consumerreports.org/privacy/how-to-choose-a-vpn-for-digital-privacy-and-security/](https://www.consumerreports.org/privacy/how-to-choose-a-vpn-for-digital-privacy-and-security/) + +[https://www.pcmag.com/picks/the-best-vpn-services](https://www.pcmag.com/picks/the-best-vpn-services) + +[https://www.reddit.com/r/Superstonk/comments/ndv72x/guard\_your\_identity\_you\_fools\_how\_to\_prevent/](https://www.reddit.com/r/Superstonk/comments/ndv72x/guard_your_identity_you_fools_how_to_prevent/) + +Don't re-use Passwords. See this comic for good ideas: [https://xkcd.com/936/](https://xkcd.com/936/) + +Make sure your browser (Chrome, Firefox etc.) is up to date. Chrome has had a number of 0d attacks in the past couple of months. Make sure your OS (e.g. Windows) is fully patched too. + +&#x200B; + +FIVE. Power to the Players! Voting & Reporting is the filter for the HiveMind - whenever you upvote good content and downvote or report inappropriate material, you are making a difference and making this sub a better place! + +&#x200B; + +SIX. Start researching likely Lawyers and Accountants you will use post squeeze. You want BIG firms who will have no idea who you are, other than their paycheck. Fee-based, not commission based. + +Lawyers (Trusts and estates, wealth management, and tax law) and Accountants (of the tax or personal type) should not be local (unless you live in a capital city) - they should be used to dealing with the figures you will have. + +This is a useful post with more info - US based, but a lot can be translated to other countries: [https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass\_an\_indepth\_examination\_of\_financial/](https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass_an_indepth_examination_of_financial/) + +&#x200B; + +SEVEN. Write a will, or at least start thinking about it. Also look into revocable living trust and charitable remainder trust. A will is cheap to create, but you get what you pay for. Make sure your documents follow your local rules about how they need to be prepared. You want to get it right the first time. + +&#x200B; + +EIGHT. Figure out your likely tax rate and write it down. + +&#x200B; + +NINE. Write down your exit strategy. Yes, I mean on paper. Psychology says writing things down helps you remember things. Maybe even make it like a contract with yourself to prevent paper handing. Consider selling SLOWLY, and I mean FUCKING SLOW. Don't Leroy this on us. + +Here's two important DDs on a non-Reddit site that you could leave open in new tabs: [https://web.archive.org/web/20210309074023if\_/https://www.reddit.com/r/GME/comments/m073v6/exit\_strategy\_dd\_a\_comprehensive\_guide\_to/](https://web.archive.org/web/20210309074023if_/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/) , [https://web.archive.org/web/20210319103103if\_/https://www.reddit.com/r/GME/comments/m0r4kg/gme\_exit\_strategy\_here\_is\_what\_i\_not\_we\_i\_am/](https://web.archive.org/web/20210319103103if_/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/) + +Other references from Rensole's 4/20 daily post: + +[https://www.netpicks.com/trading-exits-vital/](https://www.netpicks.com/trading-exits-vital/) + +[https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp](https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp) + +[https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208](https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208) + +[https://www.jumpstarttrading.com/trading-exit-strategies/](https://www.jumpstarttrading.com/trading-exit-strategies/) + +&#x200B; + +TEN. Figure out which stocks you like less than GME, but would want to buy if the stock market happens to go onna fire sale when GME makes moon trip. Boring Boomer things good here. e.g. Vanguard Index Funds. Best bet is things that go down lots but still decent companies. Don't buy Apple if market is down 30% and Apple is down 1.3%. The FIRE guys at [r/financialindependence](https://www.reddit.com/r/financialindependence/) are boring but have good advice. Other 'interesting' subs include [r/dividends](https://www.reddit.com/r/dividends/), [r/fatfire](https://www.reddit.com/r/fatfire/) and [r/bogleheads](https://www.reddit.com/r/bogleheads/). + +&#x200B; + +ELEVEN. Figure out how much you need to put aside to live on its interest. Here are some good resources: + +[https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/](https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/), + +[https://www.reddit.com/r/GME/comments/mhetrj/exit\_strategy\_planning\_for\_getting\_passive\_income/](https://www.reddit.com/r/GME/comments/mhetrj/exit_strategy_planning_for_getting_passive_income/), + +[https://www.reddit.com/r/GME/comments/mefwc7/what\_to\_do\_with\_your\_tendies\_from\_a\_financial/](https://www.reddit.com/r/GME/comments/mefwc7/what_to_do_with_your_tendies_from_a_financial/) + +&#x200B; + +TWELVE. Start writing down what you want to do after. e.g. Big # minus taxes, minus your new retirement fund, then figure out percentages for the remaining. How much to family? How much to charity? How much to cool stuff? How much to reinvest in GME? + +&#x200B; + +THIRTEEN. Start thinking about what you want to do in the future. Like, 2 years in the future after you've finished partying. Typically, humans like to have a purpose. Do you want to start a biz? (Warning! Lotsa work! Recommend this book: [https://fixthisnext.com/](https://fixthisnext.com/)) Work for a Charity? Change politics? + +&#x200B; + +FOURTEEN. Look into identity theft protection measures. Check out the content from Michael Bazzell - How To Dissapear Online and elsewhere. Do IRL peoples know your Reddit handle? Do you use your Reddit name elsewhere? Maybe it's time for a change. There's a reason this account was created in the end of Jan... + +&#x200B; + +FIFTEEN. Clicking the 'Save' button right below will make this easier to find for future reference. + +&#x200B; + +SIXTEEN. Figure out what self-care and mental prep works best for you (PMR works great! Used it before I knew what it was...) : [https://www.reddit.com/r/Superstonk/comments/mrqgtg/an\_apes\_guide\_to\_selfcare\_and\_anxiety\_management/](https://www.reddit.com/r/Superstonk/comments/mrqgtg/an_apes_guide_to_selfcare_and_anxiety_management/), + +[https://www.reddit.com/r/Superstonk/comments/mr12dk/mf\_moass\_level\_up/](https://www.reddit.com/r/Superstonk/comments/mr12dk/mf_moass_level_up/), + +[https://www.reddit.com/r/Superstonk/comments/mnfmrh/it\_is\_time\_we\_must\_fully\_prepare\_ourselves\_for/](https://www.reddit.com/r/Superstonk/comments/mnfmrh/it_is_time_we_must_fully_prepare_ourselves_for/), + +[https://www.reddit.com/r/GME/comments/lzxbzm/be\_adamant\_some\_reminders\_for\_managing\_behavior/](https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/) and the sequel: [https://www.reddit.com/r/Superstonk/comments/ndrukr/update\_be\_adamant\_may\_edition/](https://www.reddit.com/r/Superstonk/comments/ndrukr/update_be_adamant_may_edition/) + +Amazingly positive guru (exercises for any level of fitness): [https://www.reddit.com/r/nextfuckinglevel/comments/na7qfy/this\_guy\_talking\_about\_pushups\_fitness\_is\_a/](https://www.reddit.com/r/nextfuckinglevel/comments/na7qfy/this_guy_talking_about_pushups_fitness_is_a/) + +&#x200B; + +SEVENTEEN. Have a plan for reasonably forseeable events. What if a cell tower goes out? What if you lose power? Do you own a powerbank? Is it charged? Does your car have gas in case power in your city goes out and you need to travel to get internet? What if you need to reset your OS and lose a password manager? Do you remember your account logins? + +&#x200B; + +EIGHTEEN. Read up on Shill tactics - this is serious money so of course they're spending to fight the squeeze: + +[https://www.reddit.com/r/Superstonk/comments/mscsb5/putting\_shills\_on\_blast\_a\_concerned\_biznessman/](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/), + +[https://www.reddit.com/r/GME/comments/m1oc5u/shill\_tactics\_a\_classification\_based\_on\_infection/](https://www.reddit.com/r/GME/comments/m1oc5u/shill_tactics_a_classification_based_on_infection/) + +If shills are saying "You can't beat WallStreet at their own game - you're not smart enough", remember the long institutional holdings that are on the same side. People at BlackRock, Fidelity and Vanguard are also pretty smart and appear to hold around 23M shares. + +Here is useful information about negotiation tactics to also keep in mind: + +[https://www.reddit.com/r/Superstonk/comments/n12o03/are\_you\_prepared\_for\_the\_biggest\_negotiation\_of/](https://www.reddit.com/r/Superstonk/comments/n12o03/are_you_prepared_for_the_biggest_negotiation_of/) + +&#x200B; + +NINETEEN. Learn to Read (the Bloomberg Terminal) + +[https://www.reddit.com/r/Superstonk/comments/ml9faf/how\_to\_read\_the\_bloomberg\_terminal\_by\_smooth/](https://www.reddit.com/r/Superstonk/comments/ml9faf/how_to_read_the_bloomberg_terminal_by_smooth/), + +[https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial\_statistics\_101\_how\_to\_interpret\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial_statistics_101_how_to_interpret_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +TWENTY. Pick out the colour of your new car (or bike for those in the Netherlands - ❤ from 🍁) + +&#x200B; + +TWENTY-ONE. Eat properly (credit to u/deleted...): + +[Exceptions for Ramadan foods granted.](https://preview.redd.it/y6mmqe0t7vy61.jpg?width=500&format=pjpg&auto=webp&s=76dae8b4dc6b45287a74d05766843bfcb9073dcb) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# During MOASS Launch + +ONE. Remember Rule #1? Don't tell anyone you haven't already. Anoymity is your first and best defence. Consider the risk of quitting your job and buying shiny things. Abruptly quitting will cause people to ask questions. Best to ease into it (GME Mooning + "I'm outta here" = cover blown) or have a reasonable answer before you pull the trigger. + +&#x200B; + +TWO. Monitor yourself for symptoms of medical shock. I'm not talking about vibrating from excitement here. These [include](https://www.betterhealth.vic.gov.au/health/ConditionsAndTreatments/shock): + +* Pale, cold, clammy skin +* Shallow, rapid breathing +* Difficulty breathing +* Anxiety +* Rapid heartbeat +* Heartbeat irregularities or palpitations +* Thirst or a dry mouth +* Low urine output or dark urine +* Nausea +* Vomiting +* Dizziness +* Light-headedness +* Confusion and disorientation +* Unconsciousness. + +This can be fatal if it turns into a heart problem. Take it seriously. Be pro-active and call for help before it reaches unconsciousness. + +&#x200B; + +THREE. Locate your exit strategy. Follow it. + +&#x200B; + +FOUR. Practice the Self-Care that works for you. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# After Moon Landing + +ONE. First rule also applies here. Keep a low profile. Remove social media posts that have your face in connection with owning GME. I will be removing the 'X' badge from my Tesla Model X for instance - this disguises it as a Model Y, which is around half the price. + +Be on the lookout for extortion attempts, dating, desperate pleas for help, kidnapping, identity theft, friends with ulterior motives, invasion of privacy, etc. (People buy flight manifests to learn of high value targets [https://tim.blog/2020/02/02/reasons-to-not-become-famous/](https://tim.blog/2020/02/02/reasons-to-not-become-famous/)) + +Be careful of your postings of you are doing good deeds in your real name. You could get tracked if there is a report in a newspaper or something alike. + +&#x200B; + +TWO. Celebrate, but in a restrained way. Fancy Dinner? Maybe you want to eat some 🎶[Kraft Dinner with that Fancy Dijon Ketchup](https://www.youtube.com/watch?v=aynCgnbbgbM)🎶? (sorry I know you like Ramen better, couldn't resist) + +&#x200B; + +THREE. Start contacting lawyers (boutique or firm with lawyers covering different areas), accountants, 'umbrella' insurance (particularly for you American Apes out there - don't lose your tendies because of a staged accident!) + +&#x200B; + +FOUR. Is stock market onna fire sale? Maybe reinvest tendies on sale stocks! If you're moving tendies into your bank, be sure to call them first to advise them that the MOAD (Mother Of All Deposits) will be arriving in the next few days. The last thing you want is your assets frozen because the bank thinks something is suspect. + +&#x200B; + +FIVE. Don't tell people until lawyer is onboarded and advising you for your unique situation. Also, always get second opinion when talking to lawyers, financial advisors, etc. These guys can smell new money from a mile away and will try to take advantage of you. If you are not married and headed towards a long-term relationship, ask your lawyer about a pre-nup. + +&#x200B; + +SIX. Have accountant give you value after taxes and retirement fund. Start to work your plan. + +&#x200B; + +SEVEN. Is medicaid a factor for you or a loved one? Look into Special Needs Trust. [https://www.investopedia.com/terms/s/special-needs-trust.asp](https://www.investopedia.com/terms/s/special-needs-trust.asp) + +&#x200B; + +EIGHT. Attend 1 year anniversary of the MOASS / bankruptcy filing of Shitadel. Wall Street likely too obvious and potentially a target. I am thinking Disney's Animal Kingdom best. Pretty sure they sell chicken tendies there. Wear a cryptic T-Shirt so we can do selfies together. + +&#x200B; + +NINE. Be careful of drugs! Cocaine is glamorized in a ton of finance movies and is fun, but also harms your impulse control, is insanely addictive, and is expensive. Picking up a drug habit because you can afford one suddenly is a great way to lose your tendies. + +&#x200B; + +TEN. Take care of yourself, your loved ones and go forth and make this world a better place! Don't forget to post about your good deeds here! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[u/Jamie-Vu](https://www.reddit.com/u/Jamie-Vu/) had a great point that I'm going to quote: + +>But for those of us who want to use this money to change the world for the better, I think we need a big push to get organized in the aftermath, like a grand council of apes. Maybe combine it with the inevitable collosal meetup party we all talk about.We need to put together a think tank/foundation/lobbying group. A combined force that can hire scientists, researchers, experts in every field to help guide us through the process of fixing our world without fucking anything up despite our best intentions. It's a big ecosystem but our strength together is unquestionable when we focus all this energy in the same direction. + +I completely agree. Apes together are going to make this world better! + +I've had a brief discussion with someone who has Disney contacts, and they think Disney would be happy to be paid to host an annual MOASS event (in the evening; may not be feasible for the entire day - but you can pay $$$ to have an exclusive tour where they take you to the front of the lines...). I'm imagining that we could set up stalls with all the different charity ideas and have people from those charities that we could directly talk with and ask questions of. Apes could pitch their ideas for changes or new charaties to fellow Apes... I want to start planning this NOW, but I still have to get my day job done... + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +A Shameless Plug for Canada🍁 + +Canada has an investor class option for immigration! See [here](https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/start-visa.html) for the "Start-up Visa Program". + +Canada has generous supports for people who were/are unemployed due to COVID - we may argue, but in the end we want to take care of eachother and do the right thing. + +Ottawa, Ontario is Canada's capital. It's a beautiful, safe and diverse city of 1M with a lot of cultural things to do with the museums and stuff. Solid education with a few universities/college in town on the rapid transit line. People here are also generally nice to eachother - almost like the fellow Apes in this sub. Having money also won't make you stick out. 😘 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Please point out what I am missing. I promise to read every main comment reply (e.g. the ones I get the notifications for) and edit the post to add the things I'm missing or refine what's above. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +The diversity of backgrounds, here in our self-correcting hivemind superstonk sub, is our **strength**. + +Geologists and Engineers. + +Lawyers and Judges and Accountants. + +Flooring Installers, Retail and Small Business Owners. + +💖 Doctors and Nurses 💖. + +Farmers, Movers of Forklifts and Manufacturing. + +Bankers and Financers and Personal Finance Apes. + +Fire Fighters, Coast Guard, Law Enforcement, Military, and Drug Enthusiasts. + +Reposession Agents, Call Centre Workers and Sanitation Workers. + +Painters, Interior Designers, Artists and Clowns. + +Parents, Grandparents and Kids looking out for their Parents. + +The Movie Industry, Journalists, Rocket Scientists, Data Scientists, Data Architects and Computer Wizards. + +Students, Entrepreneurs, Photographers, Contractors, Architects, Electricians and Religious Peoples. + +Mental Health Experts and Game Theorists. + +GAMERS 👊 and Reddit and [4Chan](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/). Together. Y'all really have no clue what you've done, eh? + +[I'm Very Pleased With My Investment!](https://www.reddit.com/r/Superstonk/comments/mpf9bp/market_psychology_of_apes/) + +Apes Together Strong! + +🦍🦍🦍🦍💪💪💪 + +# TL;DR (credit to [u/I\_RAPE\_GLITTER](https://www.reddit.com/user/I_RAPE_GLITTER/)) : + +[Welcome to Rich People Problems...](https://preview.redd.it/uhcedma08vy61.jpg?width=700&format=pjpg&auto=webp&s=e6f98bcdccf8e3e5db2891b07cb6a072d774b7d0) + +💎🙌🚀🌝🐒👩‍🚀 + +Final Note: This is mostly a repost, so save your $$$ for this tasty GME Dip and feed me a 🖍 in the comments if you like what you see. +I want to help. They've been very good tenants for a very long time but I'm wondering what options are out there - for both of us. + +* Will business owners get any relief? +* Should I defer rent, not forgive rent? +* Should I ask for receipts that show at least an x% drop in business? + +Any suggestions are certainly welcomed +I am trying to understand better how much information is shared online when real estate is purchased. It seems the real estate industry is especially risky for privacy and security breaches, with real estate being a public business by nature. +Hello friends, romans, and apes. I am here to shine the light on the man (company) behinds the scenes, the Wizard behind the curtain. Citadel, Melvin, Suisse, Deutsche bank, Highfields, Archegos; none are more than mini-bosses. When they fall, the final battle is not yet over. For there is one more that remains hidden in the shadows, and prefers to stay that way, for their roots run deep. + +# The Carlyle Group + +Lets start with the most obvious connections. Here is an explanation from ( a website I am not allowed to share on reddit but, go on duckduckgo and search "carlyle fed vice chair", first link.) + +"Private equity funds have been variously called “merchants of debt,” “vultures,” or “corporate raiders.” What a private equity fund typically does is to buy up companies by piling debt on the balance sheet, selling off valuable assets like real estate, extracting giant dividends for the private equity partners to the detriment of workers and customers, and then, frequently, letting the company collapse into bankruptcy while laying off thousands of workers or liquidating the whole company...It should give pause to every American that the two top men at the Federal Reserve who are implementing a new $4.54 *trillion* bailout fund for Wall Street, using $454 billion from taxpayers to absorb the losses, both got rich working for one of the world’s largest such private equity firms: the Carlyle Group." + +I am talking about Jerome Powell and Fed Vice Chairman for Supervision Randal Quarles Randal Quarles. However it is duly noted that the current, and several other leaders at Carlyle are engaging in this behavior. + +# What behavior? What do they DO? + +"Carlyle had handled its investment in a chain of nursing homes known as HCR ManorCare, which filed for bankruptcy in March of 2018. The authors wrote that there was a 29 percent rise in serious health code violations at HCR ManorCare in the years before the bankruptcy and following a 2011 financial deal that “extracted $1.3 billion from the company” for Carlyle investors while saddling the nursing home chain with debt. " + +Sounds bad, sure. I implore you to google HCR manor care and carlyle and read the horrific situation that unfolded. Its not just about bankrupting companies and losing jobs. + +Heres a story of marketing firm for grocery, Acosta being acquired by carlyle, then hammered by terrible debt acquisitions until it was forced into Bankrupcy. [https://www.forbes.com/sites/nathanvardi/2020/03/04/carlyle-groups-14-billion-folly-inside-the-biggest-buyout-loss-in-washington-dc-firms-33-year-history/?sh=6eaaea9125b4](https://www.forbes.com/sites/nathanvardi/2020/03/04/carlyle-groups-14-billion-folly-inside-the-biggest-buyout-loss-in-washington-dc-firms-33-year-history/?sh=6eaaea9125b4). All while Warren Buffet and his 'favorite' investment firm 3g capital hammered its biggest clients Heinz and Kraft. An attack on all sides, internal and external. + +According to his official bio, **Fed Chairman Jerome Powell** was a partner at the Carlyle Group from 1997 to 2005. and, **Carlyle group at one point bought our favorite movie chain with Bain capital** [https://www.carlyle.com/media-room/news-release-archive/loews-cineplex-entertainment-announces-close-acquisition-bain](https://www.carlyle.com/media-room/news-release-archive/loews-cineplex-entertainment-announces-close-acquisition-bain), ,,,,,[https://www.sec.gov/Archives/edgar/data/1303276/000110465905029034/a05-11153\_1ex99d1.htm](https://www.sec.gov/Archives/edgar/data/1303276/000110465905029034/a05-11153_1ex99d1.htm) + +&#x200B; + +So, does Carlyle have any connection to GME now? Directly- no. however, as in my previous DD Ragnarok, we look to the competition... + +**Carlyle acquires Jagex, developer of Runescape.** [https://www.gamesindustry.biz/articles/2021-02-04-it-was-never-about-spending-power-what-carlyle-acquisition-really-means-for-jagex](https://www.gamesindustry.biz/articles/2021-02-04-it-was-never-about-spending-power-what-carlyle-acquisition-really-means-for-jagex) + +"I don't think this is a short-term thing. There has been a re-examination of different industries and where to invest, and the pandemic has shown not just a surge in player time, but has also made people fundamentally reevaluate where they want to invest and what the more mature and resilient industries are. Games are relevant, respected, and looked at in a more mature way than we've ever had, and I think that's a permanent change. It's a level of recognition we've burst through and it's a really good thing for the long-term of the whole industry..... But more importantly the studio is exploring ways to reach new and lapsed audiences. Mobile is one, as mentioned, but the game also made its debut on Steam last year, with Old School due to debut later this month. And Mansell teases that the long-running MMO is heading to more marketplaces, new countries and territories -- and hints at console ports." + +What would a direct competition be against gamestop, a brick and mortar retail business? *Mobile gaming of course.* Earlier this year, Carlyle acquired several companies. Ones of them is disguise. [https://www.marketscreener.com/quote/stock/THE-CARLYLE-GROUP-INC-10531255/news/Carlyle-nbsp-acquires-disguise-32629204/](https://www.marketscreener.com/quote/stock/THE-CARLYLE-GROUP-INC-10531255/news/Carlyle-nbsp-acquires-disguise-32629204/),,,,,, [https://www.disguise.one/en/xr/](https://www.disguise.one/en/xr/). Note, they went in on this deal with EPIC games [https://www.installation-international.com/technology/immersive-tech/epic-games-and-carlyle-group-invest-in-disguise](https://www.installation-international.com/technology/immersive-tech/epic-games-and-carlyle-group-invest-in-disguise). Recently, they broadcast their first esports competition. [https://www.avinteractive.com/news/video/disguise-gx-range-xr-workflows-turn-omen-challenge-esports-tournament-immersive-experience-04-02-2020/](https://www.avinteractive.com/news/video/disguise-gx-range-xr-workflows-turn-omen-challenge-esports-tournament-immersive-experience-04-02-2020/) + +"disguise is a leading technology platform which enables creative and technical professionals to imagine, create and deliver spectacular live visual experiences. disguise specializes in combining real-time 3D visualisation-based software with high performance hardware. The company is one of the main providers of xR and virtual production technology to major entertainment providers, film & TV studios, broadcasters, corporates, and fixed installation companies globally. + +Disguise's technology has been instrumental in spearheading immersive content delivery for key projects like the 2020 MTV Video Music Awards and Eurosport's US Open coverage, live performances from artists like Billie Eilish and Katy Perry, in-game concerts like J.Balvin in Fortnite, corporate presentations from Siemens and SAP, and on-set virtual production from notable VFX studios like Framestore and Orca Studios. Since June 2020, over 150 disguise xR stages have been built in more than 35 countries and disguise xR has powered over 200 shows." + +**This is a company that can recreate the way we film, game, and consume media. They want to redefine mobile gaming, concerts, sports, news, television and movies. Hmm... which two companies have been elevated to "meme stock" status over the past year? What do they primarily do? gaming and movies.** + +&#x200B; + +Connections between Citadel and Carlyle + +Well gollytheres some juicy ones here. Not too many, uh business-y ones but some great interpersonal ones. Seems like Ken Griffin here is buddy-buddy with Carlyle former CEO David Rubenstein. Ken has donated his art collection to his exhibits and had been featured on Rubenstein's Youtube channel several times. ugh god the bromance. [https://www.citadel.com/news/ken-griffin-david-rubenstein-peer-peer-conversation/](https://www.citadel.com/news/ken-griffin-david-rubenstein-peer-peer-conversation/),,,,,[https://news.uchicago.edu/story/university-trustee-kenneth-griffin-loan-renowned-art-collection-exhibit-david-rubenstein](https://news.uchicago.edu/story/university-trustee-kenneth-griffin-loan-renowned-art-collection-exhibit-david-rubenstein) + +David Rubenstein stepped down from Carlyle and started a family office (archegos vibes anyone?) called Declaration Capital. Its difficult to find out what their investments are, but we know of a few. Convene - a rival to WeWork dealing with flexible office space. [https://convene.com/catalyst/convene-secures-152m-series-d-funding-round/](https://convene.com/catalyst/convene-secures-152m-series-d-funding-round/). What caught my eye is their location- they offer this flexible office space at 131 South Dearborn st in chicago. You know, Citadel Towers. Home of our good friend Citadel. [https://convene.com/cities/chicago/131-south-dearborn-street](https://convene.com/cities/chicago/131-south-dearborn-street). + +Declaration Also scored investments of esports company **Axiomatic** [https://www.axiomaticgaming.com/esports-ownership-group-axiomatic-secures-investments-from-michael-jordan-and-declaration-capital/](https://www.axiomaticgaming.com/esports-ownership-group-axiomatic-secures-investments-from-michael-jordan-and-declaration-capital/). Along with Michael Jordan, which is cool, i guess. Apparently he has a family investment office too (dear god). + +# Any other mobile gaming connections? Why yes + +[https://www.carlyle.com/our-business/portfolio-of-investments/riot-entertainment-oy](https://www.carlyle.com/our-business/portfolio-of-investments/riot-entertainment-oy) + +[https://impact.dealroom.co/companies/mig\_china](https://impact.dealroom.co/companies/mig_china) + +[https://techcrunch.com/2021/05/04/riot-games-and-konvoy-ventures-back-games-publisher-carry1st-in-6m-series-a/](https://techcrunch.com/2021/05/04/riot-games-and-konvoy-ventures-back-games-publisher-carry1st-in-6m-series-a/) + +&#x200B; + +What really got my tits jacked is DFV's twitter post a few weeks back, showing character John Locke on the television show Lost before he blows up the Hatch with dynamite from the **Black Rock.** What's really neat is (spoiler alert) in trying to find the hatch, his friend **Boone Carlyle is killed.** [https://twitter.com/TheRoaringKitty/status/1382405013989961736](https://twitter.com/TheRoaringKitty/status/1382405013989961736) + +&#x200B; + +CONCLUSION + +It appears that one very secretive fund called Carlyle Investments has big plans for both GME and our movie chums- as the leading potential competition to their investments in developing new technology and consumer-focused entertainment with AR, xR, mobile gaming, and e-sports. Rather than allowing GME and our chums a chance to adjust and adapt to the newly developing tech, Carlyle and co decide to collapse the competition and provide a clear path to their success. + +&#x200B; + +# What makes a king out of a slave? The courage to HODL +I don’t normally touch usually quiet stocks like this but this is so odd. Shares are down 25% in 6 trading sessions - absolutely unprecedented for this slow moving stock with seemingly no major news. + +Yes, they had the double charging error, but is there reason to believe this was so widespread as to hit their financial results so much? + +Is there any other news that I’m unaware of? + +Utterly perplexed by this. +It looks like there's going to be another crash in the market because of Covid and Brexit. I have a few stocks I am looking at from a long term perspective, but I am looking at swinging a few positions. +Tell me, what's on your radar to swing in the coming months? +Hi + +I'm not sure what happened with a stop loss that I had active today, costing me quite alot of money. I wasn't expecting it to be executed as the price is well above my stop loss amount, so I checked what was going on and saw that the price had dropped by about 25% for 2 minutes. Ok - these kind of random drops happen I thought. + +But then I checked the time on my contract note, and checked the trades for today. There were no trades anywhere near my stop loss price before the contract note time - price is about 9500 currently, stop loss is 8000. The first trade of the day below my stop loss price was 3 minutes after my contract note time, at the exact price my shares were sold for - so presumably mine. After that it bounced straight back upto the normal price again. + +I don't understand how my stop loss was executed before the only price today that would justify it. It looks like the sudden drop in price was caused by my shares being sold, rather than my shares being sold because of it. + +Have I missed something stupid? +International Consolidated Airlines shares now at 96p, down down from 400p at the start of this year. + +&#x200B; + +Analysts talk of this company facing "extreme uncertainty" going into the Winter. + +&#x200B; + +What's your thoughts on this stock? I'd particualy like to hear from people who hold this stock. Hows the nerves? How's it working out for you? + +&#x200B; + +&#x200B; + +This might just help me if i was to consider snapping up shares of this company on the cheap. +Can someone please recommend a GBP Hedged index fund tracking S&P 500? Rational for ccy hedging is because I expect USD to eventually weaken against GBP and I prefer index fund so year end tax filing is easier as I will hold is outside ISA/pension. + + +One I could find is [https://professionals.fidelity.co.uk/funds/factsheet/GB00BNXKTP53](https://professionals.fidelity.co.uk/funds/factsheet/GB00BNXKTP53). Would you recommend it. +Yep, I really am a chicken when it comes to trading. I just know that if I try to stay active in the game on a daily basis, I’m gonna f**k up. + +I’ve been looking into QQQ, SPY, and VOO, but am open to any other suggestions. + +Thanks! + +Signed, + +-Chicken +* Figured out FI/RE at around age 19, I am 25 now +* Did not really know how to get a job, so I took anything that paid a wage. +* Worked while going to college, lived at my parents hoarding home +* Socially isolated myself due to (at the time) unnecessary costs +* My job choice and college major were completely destructive +* Picked a terrible career choice that is even more work until you drop +* Became extremely depressed, broke down constantly, went to therapy, lost most of my savings. +* Probably unfit to work + + +Life experiences: + +* Other than school work and grades, I have nothing to worthwhile to share +* I turned down friends, relationships, dating, sex, travel adventures due to the cost +* I never looked at what made me happy because I was always unhappy unless I did well at school +* I am not an adult at this point, just a 16 year old kid mentally who thought he was doing the right thing but failed to sense his own feelings + +Basically, I am trapped into a spiral. Do you have any advice? +After two emergency room visits with terrible insurance I had two bills totalling $10400. I called their billing department and explained that my insurance was covering nothing. They changed me over to "self pay" which reduced the bills by 55%. I then asked if there was a discount for paying in full instead of going on a payment plan. They both knocked off about another 25%. Both people were friendly and easy to deal with, I just had to ask the right questions. It really took me about 5 minutes. Hope this helps someone! +I've been playing the amateur options market maker game in a small market with little competition. + +I'm keeping my exposure low in all greeks, but occasionally have a delta position, either because I trade or due to gamma. + +I have an automated delta-hedger offloading delta exposure into the futures book. + +This is trading a bit... too much. I often see it buying and selling the same thing within a few seconds. The spreads are low, but fees hurt a bit. + +So I'm thinking I should accept a higher delta exposure before I hedge. Currently, I hedge whenever my delta exposure reaches 1.5%. I wonder if there's any rule-of-thumb for when to hedge, and if I'm shooting myself in the foot by allowing for a, say, 10% exposure. + +Also happy to discuss further, feel free to ask questions about what I'm doing. +https://www.cnbc.com/2020/01/16/wework-leasing-plunged-93percent-in-q4-after-failed-ipo-cbre.html + +WeWork only signed four new leases in the U.S. in the fourth quarter, as the company reeled in expenses following a SoftBank-led bailout. + +Total space leased dropped to 184,022 square feet from an average of 2.54 million square feet over the previous four quarters. + +WeWork ceded the top spot in the flexible office leasing market to Spaces, which is owned by IWG. +**Welcome all!** + +**Nurse Mimi the medi-ape is here for your daily run down!** + +Edit: tomorrow's post is here: + + [MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 25/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my4u0t/morning_news_and_obligatory_memes_from_mediape/) + +&#x200B; + +So you can put a face to the text, here is a picture of me vs non-GME nurses. + +&#x200B; + +[Credit: u\/ChudBomB](https://preview.redd.it/b2k3u6ilt3v61.png?width=413&format=png&auto=webp&s=9519d1bb3874b28e47c9f0ef53f660074b14ba6d) + +**A little foreword:** + +Dear apes, this is my third day of providing you with a daily hit of news, I am loving it! These posts are snowballing and gaining lots of views so I just want to say something: + +I aim to provide you pure news - no drama, little opinion and DD in a dense but structured way, all credits will be given to rightful authors/posters. Little to no content I post is actually mine. I am like a hermit that collects posts obsessively. I then compile them into one big medi-ape approved post. I emphasise being a medi-ape because I have to filter through walls of text for key information on a daily basis. I practically do the same when posting here, it's not different from the MSc I am currently undertaking. I am far more passionate about writing news in comparison to writing dissertations and studies, and I thank you apes for enjoying and appreciating what I am doing! + +Please save the money on the awards and spend it on the stock or in store. And to everyone who is commenting, upvoting and keeping this a positive and happy sub, thank you very much from the bottom of my heart! I adore this community and I really care about each and every one of you! + +&#x200B; + +\--------------------------------------- + +\--------------------------------------- + +**Contents:** + +**Section 1- Stocks/Analysis** + +**Section 2 - GME news/Voting** + +**Section 3 - HF's/Banks/DTCC** + +**Section 4 - Motivation** + +\----------------------------------------- + +\----------------------------------------- + +**Section 1 - Stocks/Analysis** + +\----------------------------------------- + +[**u/roman\_axt**](https://www.reddit.com/user/roman_axt/) **has made a MEGA detailed DD post of stock and how to analyse it using common techniques, highly recommended for apes who want to brush up on their knowledge!** + +Here is an extract: + +*"The main purpose of this work is to help wrinkle-lemited apes in understanding and learning important principles of technical analysis, in the process of elaborating on the current market conditions, and how these are relevant to GME technically. As it was mentioned in the post title, the tools that were used for creating this TA on SPY include: market cycles analysis, for setting a suitable framework; Elliot waves theory as a method of ordering major market movements; Fibonacci retracement for identifying the key, magnetic support and resistance levels; and a sweet 150 moving average to predict the potential bottom of the bear market. "* + +[Elliot wave characteristics](https://preview.redd.it/zm5inpzrt3v61.png?width=1345&format=png&auto=webp&s=3c1229399b2266a0277ed555fa76700315f79917) + +**Read more here:** + +[(1) The Big Short 2.0: why SPY bears may soon reconsider sucking their paws in hibernation, and climb out of their dans, just in time for the Super Stonk. Coincidence? I think not! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwuyob/the_big_short_20_why_spy_bears_may_soon/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/plants69**](https://www.reddit.com/user/plants69/) **Writes a HUGE DD:** + +" *GME: The Most Manipulated Stock* + +*Contents:* + +1. *OTC data* +2. *Wash Sales* +3. *ATS data/dark pools* +4. *Married Puts* +5. *FTDs. Seriously where the fuck are these shares???* + +* ***Citadel traded around 250 million shares in about 2.5 million trades, meaning each trade had about an average of 100 shares.*** *This low volume per trade signals that Citadel is likely using OTC trades to route small retail orders and the recently published February data is even more damning."* + +**It's exactly what we thought, apes. If I understant this correctly, they are re-routing our orders through darkpools.** + +[(1) The Most Manipulated Stock - A GME comprehensive DD about OTC data, wash sales, married puts, FTDs & dark pools : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mx25li/the_most_manipulated_stock_a_gme_comprehensive_dd/) + +\----------------------------------------- + +[**u/donkeydougie**](https://www.reddit.com/user/donkeydougie/) **Posts:** + +[It's so true. Anyone saying otherwise doesn't understand the situation or is a shill.](https://preview.redd.it/py3jvmpay3v61.png?width=640&format=png&auto=webp&s=96b2c3db7c54e00cee5d2a0b5da0a496c3dc0d12) + +[(1) Anyone who is posting about retail losing motivation, getting bored, believing in conspiracy theories are either shills or inadvertently spreading FUD because they don't know wtf they are talking about. So just STOP. NOONE IS SELLING. Nothing has changed since January. BUY. HODL. PATIENCE. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mx2itj/anyone_who_is_posting_about_retail_losing/) + +[**u/thunder12123**](https://www.reddit.com/user/thunder12123/) **has written:** + +*"Lets look at TSLA. 52 week high is $900.40 per share. in August 2020 they did a 5 to 1 split. if you bought in before the split/squeeze, say in june 2020 for under $160, your 1 share turned into 5 shares worth $900.40 each or $4470 on your $160 investment. TSLA had a short interest of approximately 20%. TSLA had its first ever profitable year in 2019.* + +*Now lets look at Volkswagen. Volkswagen squeezed to $1000 a share with only 12% short interest. Yes, Porsche bought a significant amount of the float.* + +*Now on to GME. We know it was shorted over 140%. If the squeeze was in January and only went to $483 per share that doesn't make sense to me. First because comparing to TSLA and Volkswagen that were both shorted significantly less but when it passes 100% it comes down to supply and demand and can theoretically go to infinity. So with a short % that can go into the realm of infinity, given that everyone diamond hands, it "squeezed" less than TSLA and Volkswagen when it was shorted 7x more?* + +*I hear the argument that Volkswagen and GME aren't similar because Porsche bought up most of the float. they ARE similar because retail bought up most of the float. We are the Porsche factor here.* + +***THE NUMBERS DONT ADD UP*** + +*Comparing to other short squeezes this thing is an atom bomb* ***THAT HASNT GONE OFF YET***\*. The numbers don't add up. There is some seriously shady manipulation going on to suppress price and\* ***HIDE VOLUME***\*. Likely they were doing this through options which has now ceased due to new DTCC rules. Now they are doing this in OTC which we already know. Bottom line is THE PRICE IS WRONG BITCH. HODL "\* + +[(1) The price is wrong bitch. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwzls6/the_price_is_wrong_bitch/?utm_medium=android_app&utm_source=share) + +&#x200B; + +[u\/Ewba](https://preview.redd.it/riy0jupvt3v61.png?width=426&format=png&auto=webp&s=7176aeb52848d8131cc5fb7c1e455f874b07716f) + +&#x200B; + +\----------------------------------------- + +[**u/MyDogHasToes**](https://www.reddit.com/user/MyDogHasToes/) **Shared:** + +&#x200B; + +[Screenshot of a certain stock plummeting. We have seen a correlation between this stock and GME.](https://preview.redd.it/0jsjqi6xt3v61.png?width=1242&format=png&auto=webp&s=b50e41029f75aac73813e069352fddcf21b0e806) + +[(1) Crypto Is free falling tonight! Somebody is looking for cash. Could it be Shitadel? Could it be Retail? Find out tomorrow on the next episode of Diamond Ball Z : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwm6yx/crypto_is_free_falling_tonight_somebody_is/?utm_medium=android_app&utm_source=share) + +[**u/Fearvalue**](https://www.reddit.com/user/Fearvalue/) **Posts:** + +*Facts:* + +*1.Another FTD day coming up is on 4/26 (Monday)* + +*2. Proxy record date was on 4/15. I spoke with Fidelity and they told me VOTING WILL START 1-2 WEEKS AFTER RECORD DATE. Thursday (4/22) is one week- that is why you are seeing some materials come out. We will be seeing most brokerages release these materials Monday-Thursday to the larger customer base.* + +*3. just remembered- DTCC doing tests on monday 4/26 (stress test imo by wording)* + +[*To: (dtcc.com)*](https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf) + +**The FTD day is approaching this coming Monday, and it's just another day.** + +[(1) Whats happening on Monday!?🦍🍌💎🙌🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwygya/whats_happening_on_monday/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 2 - GME news** + +\----------------------------------------- + +[u/Dwellerofthecrags](https://www.reddit.com/user/Dwellerofthecrags/) posts: + +"*RC and BOD say to vote ASAP. This is not meant to create a frenzy. Just awareness. Don't be lazy and don't be passive. When you get your voting materials, read through them and vote. If you don't get notice from your broker within a couple days, then reach out to them and try to get an eta. Voting is an important part of being a shareholder.* [*Read up on the information to be voted on*](https://sec.report/Document/0001193125-21-126940/)*. BOD recommendations of page 65.* + +*GameStop's Investor Materials Page:* [*https://www.proxydocs.com/branding/962080/edocs/2021/issuer/*](https://www.proxydocs.com/branding/962080/edocs/2021/issuer/) *"* + +&#x200B; + +[Notice of meeting](https://preview.redd.it/iloqqsj2u3v61.png?width=1089&format=png&auto=webp&s=75fc53348c8ffec79dd57df293ba357cd43a7b19) + +[Extract from Notice](https://preview.redd.it/wdqvetc3u3v61.png?width=1787&format=png&auto=webp&s=81d6214aae28ae5d78ec3576e5f4e94c997cb579) + +**If you are unable to vote yet do not worry! The author goes on to say:** + +***"Still getting a lot of concerns about not getting voting info yet. It could be a couple of days. Voting period isn't even open yet. "*** + +[(1) IMPORTANT!!! I'm sure everyone has seen that the Proxy materials were filed today. I wanted to call attention to a small but very important detail in the filing. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwmgne/important_im_sure_everyone_has_seen_that_the/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/TheFFAdvocate**](https://www.reddit.com/user/TheFFAdvocate/) **Wrote:** + +*"Voting is now just as important as buying and holding. RC would need to prove that there are naked shorts and synthetic shares, the ONLY way he can PROVE this is more votes than that actual float. If 100 million votes come in with a float of only 22 million, he can use this as ammunition as it PROVES there are naked shorts and synthetic shares. Why else would GamsStop want us to cast our votes AS SOON AS POSSIBLE! Never before have they included this statement in the proxy. VOTE VOTE VOTE!* + +*EDIT: Guide to Voting here -* [*https://www.reddit.com/r/Superstonk/comments/mwxsl5/proxyvotecom\_how\_to\_vote\_your\_shares\_if\_your/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf*](https://www.reddit.com/r/Superstonk/comments/mwxsl5/proxyvotecom_how_to_vote_your_shares_if_your/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +*EDIT: For Europoors -* [*https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors\_what\_needs\_to\_be\_done\_to\_be\_able\_to/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf*](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) *"* + +\----------------------------------------- + +[**u/Important-Neck4264**](https://www.reddit.com/user/Important-Neck4264/) **Posts on how to vote if you are with Fidelity:** + +1. *Navigate to Fidelity.com and Log In* +2. *From the Portfolio Summary page, click ‘Statements’* +3. *Select ‘Proxy Materials’ in the white menu on the top of the page. The following page will show all current available securities you are eligible to vote on* +4. *There will be a ‘Vote’ link in the ‘Status’ column if you are able to participate* +5. *The link will take you to an independent Fidelity-affiliated website. There, you will be able to vote, review meeting agendas, and see related documents/learning materials.* + +*I have called Fidelity this morning and asked them about proxy voting. They have not received materials from GameStop yet and the “anticipated” date is April 28th.* + +[(1) Voting steps for Fidelity users. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwzgoc/voting_steps_for_fidelity_users/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Theboopaloop**](https://www.reddit.com/user/Theboopaloop/) **Shares:** + +&#x200B; + +[Bullish as hell!](https://preview.redd.it/x2w4rza8u3v61.png?width=640&format=png&auto=webp&s=9c7359f34a7dcb077b3820c20d984029f07f077d) + +\----------------------------------------- + +**Section 3 - HF's/Banks/DTCC** [u/DSmith2430](https://www.reddit.com/user/DSmith2430/) + +\----------------------------------------- + +[**u/Alieniity**](https://www.reddit.com/user/Alieniity/) **Posts:** + +*" Margin is calling. Below is a list of a bunch of other stocks that SPECIFICALLY CITADEL is shorting into oblivion to make money to pay for their debt. Oh, by the way, it's not working out for them.* + +*The goal of this DD is to show the correlation between some MASSIVELY shorted stocks that have yet to cover as of 4/22 and Citadel's involvement within the OTC/Dark Pools. "* + +[LOL](https://preview.redd.it/u0gacuuau3v61.png?width=546&format=png&auto=webp&s=8884411c5bd6a49429e385cb806d517d2371ef5a) + +*"Let's start with the tendie man, $GME as our reference. Remember that the short data for $GME is MASSIVELY INACCURATE because they have only pretended to cover by buying ITM calls."* + +&#x200B; + +[Ortex](https://preview.redd.it/h3gi6v5cu3v61.png?width=1719&format=png&auto=webp&s=52dd40c038973c44eec4abb31c8cd73140b4c3c4) + +**More f\*\*kery exposed here:** + +[(1) ROCKET FUEL: Kenny's running out of resources and shorting everything to pay for it. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwm2iz/rocket_fuel_kennys_running_out_of_resources_and/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/stocktawk**](https://www.reddit.com/user/stocktawk/) **Posts the timeline of HF liquidation.(... So far.)** + +*"TimeLine of What we Know so far: hedgefunds defaulting, banks taking the hit:* + +First *we had Melvin and citadel taking big hits bc of GME, in late jan/early feb.* + +*No need for me to link that story, we all know how it went down.  And if you’re new here, that story is what brought you here.* + +*The next domino, was Greensill Capital.  They went insolvent around 03.28.2021. Greensill Capital’s defining year was 2019, when SoftBank’s Vision Fund, the $100 billion investment vehicle built to make huge bets on disruptive technology companies, invested $1.5 billion* + +*The* [*Wall Street Journal reported*](https://www.wsj.com/articles/goldman-morgan-limit-losses-with-fast-sale-of-archegos-assets-11617062028?te=1&amp;nl=dealbook&amp;emc=edit_dk_20210330) *that Archegos’ various banks—including Credit Suisse, Nomura, Goldman Sachs, and Morgan Stanley—had a meeting to discuss how to effectively wind down the family office’s positions. But the two American banks appear to have had little interest in acting slowly. Goldman and Morgan Stanley limited their losses by selling Archegos’ shares quickly, before the size of the sale brought on a larger fall in the stocks’ prices.* + +*On 04.19.2021 Reuters reports that the Infinity Q Capital Management fund had to liquidate it’s entire holdings* + +*Also on 04.19.2021 reuters reports that Danske Bank CEO resigns amid ABN AMRO probe over money laundering:* + +*For whatever reason, bank of Englad released on 04.22.2021 that they were in “murky waters,” over their failure to act early on the greensill situation* + +*A post from* [*u/footsmashingwierdo*](https://www.reddit.com/u/footsmashingwierdo/) *on 04.19.2021 shows that 6 of the 7 large banks had made announcements about something historic:* + +[*https://www.reddit.com/r/Superstonk/comments/mu8a5m/6\_out\_of\_the\_7\_top\_listed\_us\_banks\_have\_made/*](https://www.reddit.com/r/Superstonk/comments/mu8a5m/6_out_of_the_7_top_listed_us_banks_have_made/) + +*A post from* [*u/somechicktho*](https://www.reddit.com/u/somechicktho/) *on 04.22.2021 noticed that these banks are actually selling their bonds back to themselves in record amounts: link:* + +[*https://www.reddit.com/r/StockTawk/comments/mvxioh/banks\_selling\_bonds\_to\_hedge\_funds/?utm\_source=share\&amp;amp;amp;amp;utm\_medium=web2x\&amp;amp;amp;amp;context=3*](https://www.reddit.com/r/StockTawk/comments/mvxioh/banks_selling_bonds_to_hedge_funds/?utm_source=share&amp;utm_medium=web2x&amp;context=3) *”* + +*I made a 4 minute long video compiling all of this information in a fun way.  Link:* + +[*HedgeFunds Are Bankrupting This Week (Video)*](https://www.reddit.com/r/Superstonk/comments/mwx85p/hedgefunds_are_going_bankrupt_this_week/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**This is only the start. and I couldn't copy and paste the entire post** + +[(1) Timeline of What We Know so Far - Multiple HedgeFunds Were Liquidated This Week : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwzv9f/timeline_of_what_we_know_so_far_multiple/?utm_medium=android_app&utm_source=share) + +**This was a long one. If you read it, good ape, here is a meme! If you didn't... well, maybe you can't read. And that's okay. Enjoy meme anyway!** + +[u\/joeygallinal](https://preview.redd.it/b1b6b3leu3v61.png?width=640&format=png&auto=webp&s=3bfc79b02e9e57875f1142c30f4840ee1a61c3e6) + +\----------------------------------------- + +[**u/keneno89**](https://www.reddit.com/user/keneno89/) **Posts:** + +[Ridiculous.](https://preview.redd.it/qeu6bhoku3v61.png?width=960&format=png&auto=webp&s=93dfe54180b5e87f03f6f7c7adb64dc205a37d68) + +\----------------------------------------- + +[**u/ComplexMycologist818**](https://www.reddit.com/user/ComplexMycologist818/) **Posts:** + +[They will hang on to every thread!](https://preview.redd.it/u4jfmbfpu3v61.png?width=640&format=png&auto=webp&s=ae6ecf1eea6a54cd36056fcfb81272d299654610) + +\----------------------------------------- + +[**u/DSmith2430**](https://www.reddit.com/user/DSmith2430/) **Posts:** + +*"Looks like the new leadership in the SEC is on a fucking roll.* + +[*https://www.sec.gov/news/whatsnew/wn-today.shtml*](https://www.sec.gov/news/whatsnew/wn-today.shtml) + +*11 new regulatory actions. The press release for Mrs. OH and then the sunshine act meeting back on the calendar with the new staff. Let's make some hedge fund heads roll."* + +[(1) ANYBODY NOTICE HOW BUSY THE SEC WAS YESTERDAY??? 11 NEW REGULATORY ACTIONS and the SUNSHINE ACT MEETING BACK ON THE CALENDAR FOR APRIL 29, 2021 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwwycr/anybody_notice_how_busy_the_sec_was_yesterday_11/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[u/DSmith2430](https://www.reddit.com/user/DSmith2430/) Posts: + +*"Here is the link to the story* [*here!*](https://www.hedgeweek.com/2017/01/09/247372/dtcc-selects-ibm-axoni-and-r3-develop-distributed-ledger-solution) *Where you can see where Ken's part was removed. This story however plays pretty heavily into what is happening. Let me highlight a few areas of this story. I wish we could see what Ken Griffin of Citadel had put in this piece.* + +*This story is about the DTCC selecting IBM to create Distributed Ledger Technology (DLT) which creates "The solution that will enable DTCC and its clients to further streamline, automate and reduce the cost of derivatives processing across the industry by eliminating the need for disjointed, redundant processing capabilities and the associated reconciliation costs." Nice to know KG had his hand in the creation of the system maybe that's why he is fucking over the retail trader... because he knows he can get away with it.* + +*Another VERY INTERESTING part of this post is the banks that are involved in this system upgrade:* + +*"The solution has been developed with input and guidance from a number of market participants including* ***Barclays, Citi, Credit Suisse, Deutsche Bank, JP Morgan, UBS and Wells Fargo***\*, and key market infrastructure providers, IHS Markit and Intercontinental Exchange. "\* + +*If I'm not mistaken those are the banks that are making the news lately for various reasons. Cutting credit limits, Margin Calls, liquidation, etc."* + +**ELIA: HF's and DTC in each others pockets.** + +[(1) The head of DTCC Chris Childs and Ken Griffin the DELETED past!! BONUS ROUND - DISTRIBUTED LEDGER TECHNOLOGY (DTC) WHY AREN'T WE USING IT!!! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwxz5c/the_head_of_dtcc_chris_childs_and_ken_griffin_the/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/00stingray**](https://www.reddit.com/user/00stingray/) **Posts:** + +[You hear that shills? This can be YOU!](https://preview.redd.it/ptd5vo1mw3v61.png?width=1080&format=png&auto=webp&s=a9d47286b15edf791d16cf339fa5c962fee9ddb5) + +\----------------------------------------- + +**Section 4 - Motivation** + +\----------------------------------------- + +[**u/DeepFuckingApes**](https://www.reddit.com/user/DeepFuckingApes/) **Posts:** + +&#x200B; + +[Don't you love this? This is us. I am proud to wear this badge.](https://preview.redd.it/qam42hi2x3v61.png?width=960&format=png&auto=webp&s=8acccd23d10273c782476b21dfc9288f460cb8dc) + +[(1) APE BUREAU INVESTIGATION aka ABI. Since we’re doing a better job than the SEC. \*Finished edit\* : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mx0vtd/ape_bureau_investigation_aka_abi_since_were_doing/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/stonksholder69**](https://www.reddit.com/user/stonksholder69/) **writes:** + +I see hundreds of posts about conspiracy this or that. Apes are drooling at the possibility of being the first to discover a "God-Tier DD". The only God-Tier DD apes need right now is BUY & HODL. + +Also, what happened to rocket and diamond hand emojis? + +🚀🚀🚀💎👐💎🚀🚀🚀 + +[(1) Apes are craving complexity. Starving for a deeper method to succeed when in reality all an ape has to do is BUY & HODL. It is that simple. Stop overcomplicating it. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwxc3n/apes_are_craving_complexity_starving_for_a_deeper/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/martinmcfly1885**](https://www.reddit.com/user/martinmcfly1885/) **reminds us:** + +[Mr.Cuban, who wrote this during his AMA.](https://preview.redd.it/xq3a58wfx3v61.png?width=960&format=png&auto=webp&s=57e896e7def375393b46d02b1dbb963176dd94a4) + +"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett. - u/[billb392](https://www.reddit.com/user/billb392/) + +\----------------------------------------- + +[**u/softrock94**](https://www.reddit.com/user/softrock94/) **Writes:** + +*"TLDR; The media not covering a huge subject like this means they are in the pocket of someone else. Aaand HOODL 🚀🚀🙈* + +*Imagine your the owner of a news network, magazine, online news source or whatever media company you work for and you have a HUUUUGE story about Gamestop, AMC and the corruption of Wallstreet.* + +*Well then lets publish it!* + +*The higherups come in say "No you can't do that you banana eating retard, we are on the payroll of XXX and they are owned by XXXX, publish it then we take it down, you get fired and thats it" "* + +[(1) The MOASS is going to happen🚀As someone educated in the field of media and media production I'd like to say a few words. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwto00/the_moass_is_going_to_happenas_someone_educated/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/kim2oden**](https://www.reddit.com/user/kim2oden/) **Posts:** + +[Could you imagine being the winner?](https://preview.redd.it/8i2odqxwx3v61.png?width=640&format=png&auto=webp&s=60b689682665a6264d3ffdc231e3b3ce041a7bbe) + +\----------------------------------------- + +[**u/Financial\_Green9120**](https://www.reddit.com/user/Financial_Green9120/) **Posts:** + +[WE MOON EVERY DAY AND ANY DAY.](https://preview.redd.it/v8neyp2az3v61.png?width=750&format=png&auto=webp&s=747856e3ffcc23e4b928bc94a5c0268881719244) + +\----------------------------------------- + +**u/**[**SnooFloofs1628**](https://www.reddit.com/user/SnooFloofs1628/) **said something SO true. I hope you all let these words sink in:** + +*"A day not laughed is a day not lived 😉🔥"* + +\----------------------------------------- + +&#x200B; + +Apes can I get a 💎 for my sisters cat who is having an operation right now? He has a high chance of not making it, he was our family cat for ten years. We are devastated. + +&#x200B; + +\----------------------------------------- + +**Thank you for reading. Sorry for the late post, as you can see there was a LOT of content to get through plus my sisters kitty has taken a lot of my morning.** + +**I will conclude this with saying that if you need a prescription for memes, please follow the link below:** + +[MEME Compilation - 22/04/21 - Nurse Mimi's Prescriptive Memes (Daily Dose). : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw5j43/meme_compilation_220421_nurse_mimis_prescriptive/gvg5ghd/?context=3) + +**Lots of love,** + +**Nurse Mimi** + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Out of curiosity, at what point should someone look into alternatives over simple index or target funds? Like, if you had 50 million, are index funds a bad idea? What is the cut-off? What are the drawbacks at that point? +First time poster. I don’t currently see any issue loading the boat with UWMC. Over 5% dividend. Some growth potential. High IV to sell covered calls on. Share buyback program. + +It seems like the perfect asset to hold, especially if you have fear that the market is feeling “toppy.” Has anyone here come to the same conclusion? Any downsides besides a dip in share price? +**[JPMorgan Chase & Co Snapshot:](https://imgur.com/7OhCTxK)** + +**Introduction:** *Dividend DD with a slight twist* + +JPMorgan Chase & Co + +Ticker: **JPM** + +Financial | Banks - Diversified | USA + +P/E: **9.52** + +Buffett Purchasing Range: **$146.17 - $160.78** + +Morningstar Economic Moat: **WIDE** + +Dividend Yield: **3.37%** + +12 Year Dividend Growth Rate: **12.46%** + +Consecutive Years of Dividend Payments: **50** + +Shareholder Yield: **6.86%** + +Amount of capital dedicated to share buybacks and dividends in the trailing twelve months: **$23,897,000,000** + +______ + +Yesterday I posted about Bank of America and it spurred discussion on BAC vs JPM. After further review it does appear JPM is the "cheaper" option and has a stronger dividend. JPM also boasts stronger net income and free cash flow growth along with higher multiples in ROIC, ROE, and ROA (Since JPM and BAC do not have directly the same business models these multiples should be taken with a grain of salt). Alternatively, BAC has a more aggressive buyback program as JPM just announced the suspension of buybacks. BAC as a result has a higher overall shareholder yield. + +**About:** + +JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). + +The CCB segment offers s deposit, investment and lending products, payments, and services to consumers. + +The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication. + +The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small business, large and midsized companies, local governments, and nonprofit clients + +The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors. + +As of December 31st 2021, JPMorgan Chase & Co has $3.11 Trillion assets under management. + +**The Buffett purchase range** + +This general rule of thumb is rooted from an answer Warren Buffett gave when asked about valuing potential investments. Specifically, Buffett stated: + +> “Geico would be valued differently than Gen RE and other insurance businesses because it’s rational to assume a large underwriting profit and significant growth. You cannot say that about many insurance businesses. I would love to buy a new bunch of operating businesses with similar competitive positions to the ones we own now at **nine to ten times pretax earnings**.” + +Although Buffett's answer was in reference to insurance companies Berkshire has a consistent record of purchasing high quality companies within this range (AAPL, WFC, KO, BNI, etc.). Don't fight the Oracle. + +**Shareholder Yield** + +After reviewing Epoch Investment Partners’ William Priest in his 2005 paper entitled, “The Case for Shareholder Yield as a Dominant Driver of Future Equity Returns” I thought it would be interesting to expand my own investment thesis to find corporations that have more of a symbiotic relationship with it's shareholders. The shareholders yield presented is different than the original calculation used in the 2005 report. The original calculation includes dividends, share buybacks, and debt reduction as direct compensation back to shareholders. However, I have omitted the debt reduction. My logic in doing so is that debt reduction is not as tangible of a return of capital to shareholders as buybacks or dividends are. + +In the spirit of full transparency here is the full excerpt from the original paper on the addition to debt reduction. + +> "Debt reduction also creates shareholder value, but the means by which this is achieved is slightly more subtle. To understand why paying down debt results in shareholder yield, it is helpful to consider the famous finance paper by Franco Modigliani and Merton Miller. These two Nobel laureates proved that a firm’s value is independent of how it is financed, provided that one ignores the tax effect of debt interest. If Modigliani and Miller are correct, then using free cash flow to repay debt results in a wealth transfer from the debtor to the shareholder. Since the value of the firm remains the same, shareholder wealth is increased as debt is reduced." + +I may revisit this variable in the future. + +The 10 year projection simply shows the growth and compounding effect that high quality dividends and share buybacks have over a period of time. The asterisks is that share buybacks do not always have a constant capital appreciation effect. The macro environment, public perception of the company, and general business execution can all reduce the capital appreciation effects buybacks will have. + +**Thanks for coming to my TedTalk** + +**Previous DD** + +[Bank of America (BAC)](https://www.reddit.com/r/dividends/comments/wss721/thoughts_on_bank_of_america/?ref=share&ref_source=link) +Hi all, late 20s with about ~$2M total net worth. I currently make $200k a year in financial services, and am firmly on my way to ~$4-5M in the next decade. Since I’m firmly on the path there, I hope this post isn’t breaking any rules here (please remove if so). + +Now, self-reflection during the pandemic has led me to determine that I really am not living the life I want to live. I find that I am putting myself through a career path which doesn’t interest me; moving up the MBB ranks, possibly getting an MBA next year, rejoining my firm and moving up, etc. + +To cope, I chase gratification in small doses - a new car, a vacation / ski trip every quarter, and so on. But no matter how much I try to make it bearable - I feel that I am always just kicking my can of true happiness down the road - you see, after fatFIRE, I’d be on the other side of the world, building a life in Dubai or India, two places in which I have family. Yet, I stay committed to my career path here for a number of reasons - opportunities in the US are the most plentiful, the most ‘prestigious’, and most ‘defined’ (I have a very clear 10 year runway of promotions). + +And thus, I find myself always living in a state of delayed gratification - feeling like I am just going through the motions of work for the next decade, and that ‘life’ will begin only after I hit my number. + +I know tomorrow isn’t promised - anyone else dealt with this problem of feeling like they don’t fully live in the moment? What advice helped you get out of this rut? +The JobKeeper Payment is a temporary scheme open to businesses impacted by the Coronavirus.   The JobKeeper Payment will also be available to the self-employed. + +The JobKeeper Payment will support employers to maintain their connection to their employees, enabling businesses to reactivate operations quickly once the crisis is over. + +To take advantage of this latest commitment from the Australian government to counter the economic fallout,[ **please click on ATO web site to register.** ](https://www.ato.gov.au/general/gen/JobKeeper-payment/) + +&#x200B; + + At a glance + +* $1,500/fortnight job keeper payment +* Applies to full time, part time and  casuals who have been working for a business greater than 12 months +* Payments will flow to employers through the tax system from the  first week of May and backdated +* If staff have been stood down they are still eligible +* To qualify business turnover reduced by 30% or more (or 50% if >$1B) +* Must be employed as at 1 March 2020 +* If you have applied for Job seeker you can transition across +* No superannuation guarantee payable on the payment + + + +#### How it works + +The Government will provide $1,500 per fortnight per employee for up to 6 months. + +Employers (including non-for-profits) will be eligible for the subsidy if: + +* Their business has a turnover of less than $1 billion, AND their turnover will be reduced by more than 30% relative to a comparable period a year ago (of at least a month); OR +* Their business has a turnover of $1 billion or more, AND their turnover will be reduced by more than 50% relative to a comparable period a year ago (of at least a month); AND +* The business is not subject to the Major Bank Levy. + +Employers must elect to participate in the scheme.  To do this, an application can be made to the Australian Taxation Office (ATO), together with supporting information demonstrating a downturn in their business.  At the same time, employers must report the number of eligible employees employed by a business on a monthly basis. + +Eligible employers will receive the payment for each eligible employee that was on their books on 1 March 2020 and continues to be engaged by that employer – including full-time, part-time, long-term casuals (who have been with their employer for at least the previous 12 months as at 1 March 2020) and stood down employees.  To be eligible, the employee must be – + +* An Australian citizen; +* A permanent visa holder; +* A protected special category visa holder; +* A non-protected special category visa holder who has been residing continually in Australia for 10 years or more; or +* A special category (Subclass 444) visa holder. + +Eligible employers who have stood down their employees before the commencement of this scheme will be able to participate.  Employees that are re-engaged by a business that was their employer on 1 March 2020 will also be eligible. + +***Important*** – where an employee is accessing alternate support through Services Australia because they have been stood down or had their hours reduced, and the employer will be eligible for the JobKeeper Payment, it is the employee’s responsibility to advise Services Australia of their change of circumstances. + + + +### What if I have multiple employers? + +Only one employer will be eligible to receive the payment.  The employee will need to notify their primary employer + +### Self-employed individuals + +Self-employed individuals will be eligible to receive the JobKeeper Payment where they have suffered or expect to suffer a 30% decline in turnover relative to a comparable period a year ago (of at least a month). + +### The payment + +Eligible employers will be paid $1,500 per fortnight per eligible employee.  This payment must be passed on to eligible employees. + +Where employers participate in the scheme, their employees will receive this payment as follows – + +* Employee ordinarily receives $1,500 or more in income per fortnight (before tax), they will continue to receive their regular income according to their prevailing workplace arrangements. The JobKeeper Payment will assist their employer to continue operating by subsidising all or part of the income of the employee. +* Employee ordinarily receives less than $1,500 in income per fortnight (before tax), their employer must pay their employee, at a minimum, $1,500 per fortnight (before tax). +* Employee has been stood down, their employer must pay their employee, at a minimum, $1,500 per fortnight (before tax). +* Employee was employed on 1 March 2020, but subsequently ceased employment with their employer, and then has been re-engaged by the same eligible employer, the employee will receive, at a minimum, $1,500 per fortnight (before tax). + +It is at the employer’s discretion as to whether they pay superannuation on any additional wage because of the JobKeeper Payment. + +Payments will be made to the Employer monthly in arrears by the ATO. + +The subsidy commences on 30 March 2020, with the first payment to be received by the first week of May 2020. + + + +#### Examples of how it will work + +### Self-employed + +Melissa is a sole trader running a florist.  She does not have employees.  Melissa’s business has been in operation for several years.  The economic downturn due to the Coronavirus has adversely affected Melissa’s business, and she expects that her business turnover will fall by more than 30% compared to a typical month in 2019. + +Melissa will be able to apply for the JobKeeper Payment and would receive $1,500 per fortnight (before tax) paid on a monthly basis. + +### Worker with multiple jobs + +Michelle currently works two permanent part-time jobs, at an art gallery during weekdays, and at the local café on the weekend.  Due to the impact of Coronavirus, the gallery has closed and Michelle has been stood down without pay under the Fair Work Act.  Michelle continues to work at the café delivering take-away orders. + +Michelle can only receive the JobKeeper Payment once, from the employer from whom she nominates as her primary employer.  As Michelle only claims the tax free threshold from her job at the art gallery, this will be treated as her nomination of the art gallery as her primary employer. + +The art gallery is eligible for the JobKeeper Payment.  The art gallery will pass the JobKeeper Payment on to Michelle, so she will receive $1,500 per fortnight (before tax).  During the application process, the art gallery will notify the ATO that Michelle receives the payment from them.  The art gallery is also required to advise Michelle that she has been nominated to the ATO as an eligible employee to receive the payment. + +The café is not eligible to receive the JobKeeper payment for Michelle.  The income that Michelle receives from her job at the café does not change her entitlement to the JobKeeper Payment she receives from the art gallery. + +### Employee made redundant after 1 March + +Miles worked as a permanent part-time personal trainer at a gym for 6 months and was made redundant on 20 March 2020 in response to the Government directive that gyms close.  Miles was not entitled to a redundancy pay due to his length of service. + +In response to the announcement of the JobKeeper Payment, the gym decides they want to re-engage Miles so they are well placed to resume their operations once the Coronavirus restrictions are lifted. + +After being made redundant, Miles had registered an intent to claim with Services Australia for access to the JobSeeker Payment and the Coronavirus Supplement.  Miles is single, no children and in total he would be eligible to receive $1,124.50 (before tax) per fortnight. + +If Miles chooses to be re-hired by the gym, under the JobKeeper Payment he will receive $1,500 a fortnight (before tax) while he is stood down.  Miles will need to advise Services Australia of his income.  He is no longer eligible for the JobSeeker Payment and the Coronavirus Supplement as a result of receiving the JobKeeper Payment. + +### Employer with 5 employees who all currently get paid more than $1,500 per fortnight + +Sara runs a landscaping company, and employs 5 full-time gardeners.  Sara is paying her employees $1,700 per fortnight (before tax).  She expects her turnover will decline by more than 30% over the coming months and that she will either need to lay staff off, or reduce their wages significantly. + +As a result of the JobKeeper Payment, Sara will be able to keep employing every gardener, and only needs to pay the $200 wage cost per fortnight (before tax) per employee above the $1,500 per fortnight (before tax) JobKeeper Payment. +This year I sold a business and decided to put a decent chunk of change into a charitable trust to gift for the next 20 years. I’m not new to doing nice things, and gifting but I’m curious how most of you do your donations. + +How do you determine who to give to? +Do you do it anonymously (why, why not)? +Is there anything weird I need to be concerned about like people being up my ass every year, entitlement, etc? + +Anything else you may want to share. + +Thanks +Graph of this issue: +https://pbs.twimg.com/media/DeU2yZkX4AE-Hwz.jpg + +As earnings season continues, one thing is becoming clear: tech is king. + +Coming into Q1 releases, conventional wisdom was that sectors such as energy and financials would be the big winners. Tech, on the other hand, had largely led the moves down over the last couple of months, and was not often mentioned as a place to be. Energy earnings are, as expected, showing tremendous growth, which is hardly surprising if you so much as glance at a chart showing oil prices, while early in the season most financial firms did reveal the expected increase in trading profits. + +The headline grabbers, however, have been in tech, and especially big tech. + +The big four, Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOGL), collectively known as the FANG stocks, have all reported EPS beats, ranging from a penny in the case of Netflix to a massive 168% upside surprise from Amazon. Now that we have all their earnings, it is time to take stock, if you’ll forgive the pun. + + +Do you think these 5 stocks will continue to be good investments? +Hey guys. I'm playing more and more golf and I've had my eye on a local country club to join. They have some great stuff for the kids, and unlimited golf for me. I'd love to hear your thoughts. + +Also, they are in the private club network for golf. Anybody use this network for golfing other clubs? Thoughts here? Thanks. +Hal Finney, is the first ever receiver for Bitcoin and he got it from the man, Satoshi Nakamoto, himself. He was always a very passionate person about new tech and when Bitcoj launched he directly got into it and became the only person apart from Satoshi Nakamoto to run it. He then received the first Crypto transaction of 10 BTC. + +Furthermore he has been talking with Satoshi Nakamoto about bugs through emails and was likely the only person to ever know who Satoshi Nakamoto was. It's clear that his help and passion for Bitcoin has helped a lot to know have market with 20.000 cryptocurrency's. + +He will remembered as a great person to contribute to Crypto. May he rest in peace. +If you are not sure if your broker did a regular split or received shares via dividend and credited you with them, contact them directly. If they did not receive them via dividend, you are exposed to risk, as your broker does not physically own enough shares to cover those of its clients such as yourself. If your broker goes bankrupt and does not own the shares you supposedly own, you have no recourse outside of your countries’ laws and ability to fight gigantic financial corporations in court. + +You will eliminate this exposure by direct registering your shares, and pass that risk to your broker. Your broker, assuming this risk, should be rightfully pissed off. At the same time, direct registering your shares will cause immediate buying pressure. + +e: fixed a typo +I want to make this post a meaningful discussion about American taxes that has three goals: + +* **Helping those of us with significant crypto holdings become informed on how to proceed with 2017 taxes** +* **Strengthen our position as legitimate law-abiding citizens** +* **Not holding anyone legally responsible for "legal advice" who contributes to this discussion thread** (this is about getting our bearings) + +If you are like me you found 2017 to be a very good year for you. I'm not talking to the people who got in on this in early December and made $1,000. I'm talking to those of us who saw our modest yet respectable holding of bitcoins grow to jaw-dropping prices and then continued to diversify our digital portfolio to the point that we may now be holding dozens of currencies traded at various times on a variety of exchanges. + +What we are doing is legal and has been legal for years. I am one of those [alleged 802 people who pays their taxes on Coinbase](http://fortune.com/2017/03/19/irs-bitcoin-lawsuit/). And let me tell you, the professional accounting firm I use to pay my taxes charged me a pretty penny for basically knowing the one thing everyone does know about cryptocurrency - that [you have to pay long-term capital gains tax on cryptocurrencies you've held for over a year and sold for American dollars](https://bitcoin.tax/blog/bitcoin-taxes-common-questions/). So that's what I've been doing and I've been doing that with each bitcoin being considered at 100% profit because I bought all my bitcoins from Mt. Gox! Maybe you've never payed taxes on all the bitcoin you sold but let's face it - in 2017 you better pay your taxes and you better know what you're talking about and doing. A lot of us have found ourselves with serious money that we did not have until 2017. + +The real problem comes from the variety of exchanges we've joined and the amount of trading of currencies on these exchanges. Many of these exchanges are also not illegal to use. While Bitcoin has been on the IRS radar for a while these exchanges specialize in something that has never been truly significant enough to get the IRS's full attention until 2017. But this problem is multi-faceted: + +* **In 2017, was exchanging one crypto for another crypto considered a taxable event?** - [The fact is there isn't a clear answer on this](https://www.forbes.com/sites/robertwood/2017/12/28/loophole-allows-tax-free-bitcoin-exchanges-into-2018/#4f50d7b312fa). With the IRS tying cryptocurrencies down as property (rather than currencies which- as I understand it- wouldn't be taxed) they allowed the loophole of the 1031 which allows swaps for like-kind properties. The IRS called cryptos properties, people are swapping cryptos with each other (literally) while small fees are charged for using the network or exchange, and thus - it could be argued that all exchanges *between* cryptos are NOT a taxable event. I personally like this idea but I clearly have a bias. There are many other people who claim that all cryptocurrency transactions between each other are taxable and this comes with its own bag of worms. And indeed, the rock-star new Republican tax code does mirror this sentiment by solely claiming 1031 use for Real Estate. So this leaves us with another question: + +* **What legal stance should we take when talking with our accountants/ doing our taxes?** The stunning impossibility of what is expected of us LEGAL citizens doing LEGAL trading in order to report on our taxes, if we do take the stance that all crypto transactions are taxable, is so highly complex that it's almost like the IRS is forcing all crypto-traders into an illegal space. In a sense they are trip-wiring the entire crypto market with expectations that are impossible to follow. We must have some legal rights here or at least legal stances that we can take when dealing with such a new fast paced market and such a slowly-responding vaguely-directed bureaucracy like the IRS. In [one of the better crypto tax threads on reddit](https://www.reddit.com/r/CryptoCurrency/comments/7m56g0/the_absolute_fucking_impossibility_of_reporting/) one person expressed with acute detail the amount of problems recording all of our transactions really are based on the current IRS expectations which are vague and the IRS is not giving a clear answer on whether cryptos are allowed to be considered exempted using 1031. Even if they were there still is expected a way to report everything. My accountant will want to do whatever is safest for them and likely the most expensive for me. How do I ensure a reasonable approach is taken by my tax professional that considers my needs and not just throwing as much money at the IRS as possible? I want to pay my taxes but I want tax laws to be fair on crypto, which leaves me to my next point: + +* **What is the best way to look at crypto from a tax point of view?** Currently cryptocurrency is a square peg in a round hole. The IRS, clearly unprepared (as we all were) for the massive attention and growth of cryptocurrency in 2017 was already stuffed into the the "property" hole despite being developed and created for *much more* than that. Cryptocurrency - whether you want to call it an asset or a currency - is already billions of dollars deep in projects that are meant to change the way entire systems operate *on a global scale*! This is a global thing taking place within different countries. We already pay capital gains taxes or income taxes when we exchange them into dollars which is a fair and easily reliable system to document - is it even right for the IRS to tax more? While there may be some in here who believe nobody should be paying taxes with cryptos I think that cryptos (like everything else) should have some taxable responsibility- but not so much that it becomes highly burdensome and a legal minefield allowing the IRS specter to be chasing you for alleged misdoings years down the line. And if crypto is as successful as its going to be there will likely be less of a reason to exchange into dollars anymore thus losing the leverage of the capital gains/income tax. And looking into the short term future decentralized exchanges are even going to be set up potentially removing the ability to track cryptos in any form whatever! What is the appropriate way to tax crypto basing it on the fact that it IS crypto and not necessarily merely "property" or "currency"? + +* **What level of responsibility do exchanges play in 2017 taxes?** Being a proud Coinbase tax payer I had the privilege of giving my tax accountant a printed out piece of paper with a terrible excel sheet on it that displayed my yearly bitcoin transactions and told them that this was the best document they were going to get. I haven't gotten the information from Coinbase this year yet, and hopefully they've improved the quality of the report but *at least there is one*. I just tried looking for how to get the information from Bittrex and while it may be available it wasn't easy to find with a google-search or on their website. **That** is a problem. This is an exchange that is legally allowed to operate in the United States. I could sign up to Bitcoin.tax to find out the information allegedly but I really should not have to sign up to anywhere to find out how to get my annual tax document from my exchange. And if they don't provide one then why is the United States legally allowing them to operate within their borders? If the IRS decides to take their records two years down the line like they did in 2017 with Coinbase and they come to us asking us why we didn't report something and it was because there was no easy/possible way to obtain the records from the users end, how can that be our fault? It would be great if there was a sticky-noted thread on ANY of these crypto boards on how to obtain a document of the year's transactions from every one of the exchanges out there because many of us need them. There is an expectation that we are supposed to calculate the amount gained from when we first purchased a currency to when we traded it for another currency. Aside from the fact that even if we are provided an annual report document it won't be in dollars - it will be in BTC or ETH or USDT or some other pairing at a specific time with a specific amount in those pairings on that specific exchange. The dollar correlation that's needed - if not provided - makes reporting crypto transactions nearly impossible. + +* **How are we supposed to accommodate for transactions to and from wallets?** Say we can do all of those things above but now we move it to a private wallet for safekeeping. From there we might send it to another wallet as it intermingles with other coins and from there they are traded on other exchanges. What is the dollar correlation there? What is the appropriate gains? Which exchange did you buy *that specific coin* from? This all matters for taxes but almost impossible to track between wallets and exchanges. If it can't be done, how can we be held accountable to do it? If we can't do it, then what legal ground do we have to say what is being expected is byzantine and unrealistic? Also, it's my understanding that we don't need to report coins in private wallets but that'll be nearly impossible not to do if we have to do all this tracking. + +* **Who specializes in cryptocurrency?** - Maybe we can't find all the answers here but some of you out there must be able to point us in the direction of someone that can give us answers. I'm not talking about the conservative tax lawyer that's going to make sure you pay every last dime in a way that would make the IRS want them to be the new head of the department - and I'm not talking about the shady guy who promises that you can get out of paying a dime. I'm talking professionals that aren't just going to be pushed over and know their stuff on this topic. I will gladly pay for this legal muscle to ensure I am legally participating in our society through crypto transactions while not just trying to tax me every time I click the mouse. + +Some people say just to ignore all of this tax mess because the IRS is likely to change their stance 10 more times. But I don't want to ignore it because cryptocurrency is already seen as a shady business. And it's not - it's a globally disruptive technology that provides benefits many centralized systems can't and it's the reason why it's busting through the $700 billion market cap at the beginning of 2018. Please, let's organize and approach our taxes honestly and in an informed fashion this year. The fact is many of us in the crypto community visit crypto subreddits and together - with a similar mentality, attitude, drive, and direction- we can influence the crypto policy to be fair to both the country and the crypto-trader. + + + +Happy 2021 UKPF! + +Like many people here at UKPF, I often find myself asking "is it better to rent or buy?" + +Most of the calculators I found on the internet is either too simplistic or feel a bit biased. + +- Many assumes that you'll just hide your cash under the blanket instead of investing them +- Does not include other important contributors such as renting a spare room out + +So I made https://well-planned.net/rent-vs-buy to help people who asks the same question. + +Some features: + +- **Comprehensive**: Calculation includes factors such as house maintenance cost, spare-room rental income and investment income. +- **Pretty charts**: To see how your total assets change over the years +- **Knowledge sharing**: Instead of being just a blackbox, there's a Methodology page which I go into more details on how each factor is modelled in the calculation. My hope is that everyone reading this page can get a more complete picture of what buying a house entails and to factor that into their own calculations too. +- **Privacy**: No information is harvested apart from basic visitor counting (The site uses cloudflare web analytics for visitor metrics) + +Give it a go :) Quesetions and feedback are all welcome! + +TL;DR: I built a comprehensive **rent vs buy** calculator at https://well-planned.net/rent-vs-buy + + +i remember vividly my parents being gainfully employed during the 90s and 00s, no college degree nothing special. i remember my brother and his gf would get some government benefits i am not sure what exactly but he would go to some office and they would help. he lived in his own place. no problem. he had a crappy job. + +around 08 the recession happened and there were no jobs but everything remained inexpensive, even cheaper. + +i remember around 2014 things started getting expensive, everything. government assistance died completely. i remember looking into rent assistance and stuff like that and the applications permanently closed in 2009. 2014-2015 things seemed crazy pricey + +today, life is just unbearably expensive. if you are in trouble, too bad. you need to live with your parents until forever. rent is crazy expensive everywhere even crappy places. + +what the eff happened ? + +it seems american life is designed specially for people in tech or fancy business or health jobs. anyone who isnt an engineer, doctor is just stuck being poor forever, life had never had that standard before 2008 +So to put it short. A few months back I sold a vertical call spread on ES futures (similar to SPX) and it went against me. I was lazy and complacent and got the strikes wrong. It went in the money and I was able to roll it once. As we know the S&P500 still hasn't come down, maybe never will. However, I still want to roll. My outlook is if it is ever going to come down it will in the next month or so. But I'm not here to debate outlook. + + My issue is, to roll now, it will actually cost me? + +Maybe it is something I am missing. Both short and long strikes are currently in the money. If I want to keep my strikes and roll out by a month, it will cost me 10pts. Why is my near term spread more expensive than a later dated one. The liquidity seems fine and the implied volatility shouldn't be that different. I'm finding the same issue trying to roll the spread up or down strikes. It seems almost impossible to roll for a credit while maintaining strike width. Can anyone give me some insight on this. FYI current spread expires in 11 days. + ...and I finally sold all my other 🍿 stocks and bought GME. I don't mean to cause anymore division but after realizing GME is getting into a HUGE new tech space there is too much potential & I feel much more comfortable with RC as my CEO. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀I hope this is enough characters to post + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +It has recently come to the moderators attention that two of the top users this month have been operating multiple accounts in order to bypass the karma limits on this subreddit. These users are: + +u/WackyMister + +u/Imaginary-Cow25 + +I won't share many details on how this has been identified but the moderation team and myself have *no doubts* this is the same user, using multiple accounts to bypass the 15k karma limit. As you can see below, those two users (or shall I say this user) have a lot of similarities in writing style + +[https://imgur.com/a/8wgniqW](https://imgur.com/a/8wgniqW) + +[https://imgur.com/a/2qQNna3](https://imgur.com/a/2qQNna3) + +These are not the only evidence there is, moderators have **many other evidences** that won't be disclosed on here for obvious reasons. + +Keep in mind, these users are not banned just for having a very similar writing style. The examples cited above are just a ***tiny sample***. Writing style is not the only thing moderators look for, but it's the most visual thing to share to everyone on here. + +While this user may have been permanently banned from this subreddit, we still need an emergency proposal to remove this user from distribution or **20158 karma or 5422 moons** will still be distributed to this user on October 6th. + +This subreddit have very strict rules on using multiple accounts to bypass the karma cap, or otherwise game the system in an effort to earn more moons. Rule 3 is "No Manipulation" and that counts for bypassing Governance rules for the subreddit. + +By passing this poll, it will remove the above accounts from the current distribution, ensuring they do not receive the final moons allocated for their posts and comments in snapshot 18. The methodology to address problem users has been laid out by Reddit admins. + +[View Poll](https://www.reddit.com/poll/q1tcgp) +I am following up on those high growth stocks that went crazy during COVID years (2020, 2021). + +DocuSign quarterly revenue pre-covid, Q4 2019, was 275Mn$, with a share price of 75$ + +DocuSign quarterly revenue posted last week, Q2 2022, was 622Mn$, with a share price at 60$ + +It went up +10% after earning release. + +[https://snipboard.io/2D6vyc.jpg](https://snipboard.io/2D6vyc.jpg) + +&#x200B; + +I think it is time to start accumulating the high-growth tech/software stocks with a really strong market fit product. I don't think this company is going to stand alone at this valuation, it will be acquired by a big tech (SalesForce, Microsoft, Google... who knows) It is too cheap. +So I've been working towards buying a home in the Northeren suburbs of Perth. Probably somewhere around the Kingsley, Greenwoood, Padbury area. + +Yet, despite the current situation and bleak financial outlook, properties in this area are under offer within days of being listed. Some without even holding public viewings. I thought most people would be holding off and waiting until mortgage holidays, Jobkeeper etc all end before buying, but these places are selling like sausages at Bunnings! + +So, what's the deal? Are these suburbs that sought after? + +Cheers +**UPDATE 2: Place has ended. Thanks for contributing everybody!** + +--- + +--- + +UPDATE: Current Goal is to write R/ETHEREUM [HERE](https://imgur.com/a/kfHz8) + +**[COME HELP HERE](https://www.reddit.com/place?webview=true#x=518&y=685)** + +Please upvote so more people can help us represent Ethereum! + +--- + +[Bitcoin has drawn their logo on /r/place](https://www.reddit.com/place?webview=true#x=372&y=883) and I think I'd be cool if Ethereum did also. + +[Monero has also drawn their logo on /r/places](https://www.reddit.com/place?webview=true#x=272&y=695) + +The easiest way to get it done would be to avoid fighting for a spot. + +--- + +^(Credit to u/mbloom1915 for giving me the motivation to make this post.) + +I earn around 145k a year currently doing corporate consulting. I went sky high in this corp world and while I'm thankful for it I've come to recognize it isn't something that fulfills me as a person. It's purely money. + +Within the next 5 years ill still be under 40 and I'm projecting to hit my Fire goal...despite this..retirement doesn't interest me. Travel ..I dont want to go anywhere anymore. Covid kind of killed that desire. I'll be able to be mortgage free and one of the things that interested me was going back to university and doing something completely different. Either open courses for interest sake and see where it takes me or a full fledged program in a field that has always interested me, but rather than pursuing the money I'd like to ideally pursue something focused on helping humanity. + +Such as nursing and home care, personal experience recently and I crave a completely fresh challenge based around problem solving and helping people. + +Not the typical path to retiring early but curious if anyone else has done this. Pursued a life of altruism after FIR + +edit: thank you for all of the feedback I was not expecting it. 😊 +I am afraid I can't keep up with replying to everyone but thank you for your comments and stories they give me a lot to think about. +Ill say it again im 20yr, got 3k to spare and I wanna know your opinions on what stocks I should dump into, I'm thinking about doing JEPI and or PG. + + +Alot of people say growth, but id like to hear other opinions. + + +&#x200B; + +https://preview.redd.it/o2oy5dacb5291.png?width=781&format=png&auto=webp&s=90355086e9d98b1e9d8ab86e3b3e801dfa921232 + As the title says, I am a 19-year looking to invest $1000 per month. I am in college currently and work two jobs during the summer. I can afford to invest 80% of my earnings for the next four years. + +I only hold about $1000 currently in SWPPX in my Roth IRA account. (And have $15,000 of inheritance coming back from T-bills in 3 months I also want to invest.) + +I have a watchlist of about 40 stocks I am looking at that are a collection of tech, growth, etfs, REITs, dividend stocks, and more. Looking for advice on what to take off my list, what to add, and what percent of each area I should hold. I am willing to tolerate risk, but looking to create a portfolio that will compound with dividends and steady growth in the future. + +Willing to take any and all advice on any part of my big ask. I love reading through this reddit everyday and have already learned so much from the smart people here. I understand I am asking a lot, but would appreciate recommendations on any stock or general advice. + +I also understand I am very fortunate to be able in a position to invest this amount of money, and am not meaning to boast my situation. I am genuinely seeking wisdom from the incredible people here. + +&#x200B; + +https://preview.redd.it/u4djvnumzza91.png?width=1390&format=png&auto=webp&s=66b405b110d63a7fa56366827202c217f410867c +I'm not sure if this is right to post in Aus finance since it involves the UK, but I think since I'm asking from an Australian residents point of view it'd be appropriate. Would this effect taxes for me in a good or bad way? Would it be advantageous, disadvantageous or not change my life at all? (besides making a holiday there easier to organise one day?) + + +Before Brexit it would have been way more possibilities since it would have let me into the EU right but oh well haha. +I have just been speaking with a colleague after work, and we started talking about buying a plot of land and letting people park on it. + +There doesn’t seem to be a massive overhead, just an ANPR camera and a pay and display machine? And you can get a plot of land for £15k up north. + +What have we missed? +She is in about $14,000 of debt now and does not know what to do. On top of all that, my dad has left the country and we have no way of contacting him. + +Is there anything we can do to remove this debt from my mom's name? +[https://www.cnbc.com/2020/11/23/trump-appointee-informs-biden-that-gsa-will-begin-transition-process-reports-say.html](https://www.cnbc.com/2020/11/23/trump-appointee-informs-biden-that-gsa-will-begin-transition-process-reports-say.html) + +I think this is a great sign along with Biden's appointment of Yellen as the Treasury Secretary. The news brings a sense of stability in that there will be a smooth transition of power and Yellen apparently has a track record of focusing on economic growth as a true economist as opposed to giving into political leanings. + +While I am not one to boldly predict how the markets will react the rest of this week and there is still uncertainty given the rise in cases and the lack of stimulus... at least there are fewer variables to worry about. + +Any other input or points of discussion about how this news may/may not affect the markets moving forward? +Edit : Okay, so for all those wondering.. this system didn't work (as expected)..but here's why - + +(i) poor risk management - risking 3%/trade with 100 pip SL (on Gold) is laughable. It worked initially (by chance) but is NOT SUSTAINABLE. + +(ii) daily target - since market conditions keep changing all the time, it's bogus to assume a fixed amount of profit daily, especially if its 1000 pips. + +(iii) strategy - the strategy was terrible, plain and simple. It didn't account for risk management, market structure, volatility, specific entry and exit rules. + +As someone pointed out, this isn't the right way of trading and I can't agree more! + +Does this mean you can't make a million dollars trading? Of course you can! But For this you need to develop a rule-based trading system, aim for consistent gains, journal all your trades and approach the markets with the right understanding and mindset & not as a get-rich-quick scheme. + +Now what did I lose? Absolutely nothing, in fact it helped me understand what you're not supposed to do as a trader and how to survive this for the long run. + +P.S DON'T TRY THIS CHALLENGE \^\_\^ + +Post - + +Hey! Did you know if you make 1000 pips (on Gold) everyday for 39 days you can turn 100$ into over 1,000,000$ with no trade risking more than 3% account capital..? + +I was always fascinated by the idea of compounding and consistency and how these 2 when combined together could absolutely change one's trading game.. and so I devised an ultimate challenge to put myself to the test and find out if I can make 1000 pips everyday for the next 39 days! + +Rules- + +1. TP - 1000, SL - 100, RISK/TRADE - 3%, MAX LOSS FOR THE DAY - 500 PIPS - 15% +2. You can manually exit trades before if you feel there's a retracement and then re-enter the market or move your SL along the way. +3. NO OVERLOTTING +4. NO GRID +5. NO OPENING SEVERAL POSITIONS + +We wanna trade at peak market hours where we can find maximum volume and trade with the trend. (direction of the 50 EMA M5) + +We adjust the lot size each time we cross +/-100$ on the following trading day to maintain the 3% risk on each trade.. the pair we'll be using is XAUUSD as it has great momentum. + +It's literally like a game, + +You either promote each day, or demote, + +And 39 levels, + +Once you complete the game, you win a million bucks! + +Lmk what you think (: + +&#x200B; + +https://preview.redd.it/1zokzaad09s71.png?width=1366&format=png&auto=webp&s=5fd0bcb2ad8861253e8b6af4d1a766c4cfc4306c + +https://preview.redd.it/uzlq23q29xr71.png?width=1366&format=png&auto=webp&s=0165b74803100176c5f0d2aef246be67b58bd95f + +&#x200B; + +&#x200B; +I'm new to the forex trading and one of the advices that I often come across is to always backtest a strategy first. + +First thing that came to mind is to just go through the chart and start moving forward, simulating a trade and logging if the strategy wins or loses. I actually did this in a 15M chart for a range of 3 months, and while the results were enlightening (my strategy sucked only 36% win rate for that pair and strategy), I found the process very tedious. + +So my question is are there automated ways to back test a strategy? Like maybe excel or an application? + +I was looking into mt5 and expert advisors the other day, and I tried the strategy tester using a free expert advisor. Should I create a script that mimics my strategy and test it using mt5? I have a bit of programming but I don't know where to start. +I sold some shares I held in my HDFC sec account on 23rd november (two days ago) I have not received a payout, even the option to request manual payout is disabled for me. I tied reaching out to customer support, but none on the numbers that are listed on HDFCs website ever answer the calls. Finally ended up filing a complaint with SEBI!!! + +How was your experience with HDFC ? +hey i’ve been trading for 2 years with no profit, negative by a lot here for my age (24) and it just feels like all the positions i take go against me almost all the time. + +i paid someone good to teach me, i trade with the trend, i journal, i look at the options charts, i position size and manage risk. i don’t know what i’m doing wrong and it’s getting depressing and frustrating. + +can anyone please tell me what i’m doing wrong or point me in the right direction? i want my future to be here in this field bec i love this. +Approaching Thanksgiving here in the US has me reflecting a lot on this FIRE journey. I personally fall victim to having a really hard time spending money and not viewing everything as an expense. + +I was going thru my local Dunkin’ like a do a couple times a week and the same crew that is always so friendly and nice was working. They had a tip jar in the window that had a couple bucks and I gave them a $20. So easy for me to do, but they all lit up with excitement and joy. + +I’m going to hold myself more accountable to do little things like this going forward. I’m curious what others do and how you clear the hurdle of not viewing everything as an expense? + +Take care everyone. +I'm actually quite surprised that Ripple overtaking ETH didn't have such a huge effect. + +I'm curious to know if we've been behind them for this long of a time period before, if so how long did it take to reclaim #2? + +Any other thoughts you'd like to share I'd appreciate. +Since we have a bit of a movement in crypto today and the amount of " is correction coming " threads in sub going over 9000 per week recently I decided to make a guide for average user on how usually thread goes about any price decline in anything in this sub and what to expect + +If you look at any volatility period over the past couple of years ( august 2015, start of 2016, brexit etc ) you will see a pattern on how decline of any securities thread in r/investing develops , the basic framework is the same and usually follows the same pattern: + +1. some bullshit happens , sp500( or crypto or oil, whatever ) opens with monstrous -0.63% , people wake up with Robinhood accounts been in the red and the grief of loosing 27$ of life savings makes them start a thread asking wise people of r/investing about imminent correction and what to do in this macro environment + +2. sp500 crushes to -.81%, thread getting traction with people giving each other advice how shit is on discount and we should all buy the dip and prices lower then yesterday bla bla bla, cant time the market and some quote from Buffett, cb_hanson gets triggered about market timing says something about selling volatility and how its predictable and posts 60 page pdf , none has time to read this shit because everyone is thinking if they should add to NFLX or NVDA with extra 100$ they need for food but YOLO and ramen for a month will work + +3.sp500 drops -1.3%, the first sign of correction thread is someone posting quote about blood in the streets and buying, people argue about historic context and brag about how awesome dividends are on their stocks, , argument starts about what's better dividend or capital appreciation and people find out that apparently dividend is not some magical fairy money from thin air, minds get blown + + +4. someone notices that bonds are up , discussion starts what the fuck are bonds and why you even need them , MCS says something reasonable about how they reduce volatility and provide better risk adjusted return and that 80/20 is pretty much 100/0 with much lower volatility and almost same return, someone admits they are 90/10 so they can buy on the dip , gets called conservative pussy. Note: any discussion about bonds ever on the sub ends in hydrocianade telling someone to go fuck themselves after arguing about where yield and price are the same or not + +5. somewhere in the middle of shitstorm dvdmovie1 posts a reasonable comment about how sick and tired he is from this bullshit posts about corrections and volatility nothing new and you should own good companies but gets dragged into argument about Ford and how awesome their dividend is trying to educate people why Ford stock sucks + +6. after sp500 dives to -2.03% another 10 threads appear in sub because everyone has a special unique problem and they want a special attention, mods merge threads, top post is ALWAYS suicide hotline and bits of wisdom how its just money, link to scene from margin call gets posted, everybody talks how awesome that movie is + +7. markets close, new thread starts where people do dick measuring contest about who is down the most in terms of weekly/monthly/yearly pay, the more you are in the red the more bad ass you are, bonus points if you have diversified portfolio of FB, TSLA, NVDA and BTC +I've been selling covered calls and cash secured put for about a year now...successfully without getting assigned. Here are few simple things I analyze before I sell an option and reduce my chances of assignment. + +1. Do not sell anything during the week of earnings. + +2. Use RSI indicator to find oversold or overbought condition on daily timeframe. Also look for reversal price action pattern like doji, hammer, shooting star... + +3. Use volume profile/volume distribution on daily timeframe to find major support or resistance price level. This works great when combined with a lagging major MA indicator and tip no.1 + +4. Use a major lagging moving average indicator like 200 or 50. Do not use it alone. Combine it with support and resistance level, daily trend lines, etc. + +5. Use a slightly lower lower timeframe like 4hr, 1hr and look for divergence in volume and price. Use you other indicator as well like A/D, Money flow, etc. Anything with volume and price. + +6. If the positions is in 50% or more in profit. Close that shit and repeat. + +Hope this help. It's been working out great for me. +Over the previous there was always some article about some 30 year old who had saved hard and became a property millionare in Sydney or Melbourne. When you read in they basically borrowed to the eye balls and kept reinvesting from capital gains. +What situation are they in now with the recent burst? + +Edit: spell check +My employer's 401K administrator lets employees choose to contribute between 1% - 20% of pre-tax dollars into our 401K's. I have been pouring the maximum of 20% of my pre-tax income into my 401K for the last 5-6 years. My income has been increasing each year and so I was getting closer and closer to the current $ 19,500 401K contribution cap. As you all know, that cap is being raised to $ 20,500 in 2022. My income is currently $ 92,500 a year. At 20%, that equals a yearly contribution of only $ 18,500. Is there a way around this? I want to contribute the full max of $ 20,500 into my 401K next year. Why does my employer's 401K administrator limit pre-tax contributions to a maximum of 20%? That's $ 2,000 less income that can be deferred of taxes. + +Do all 401K administrators set a different cap on what % of your pre-tax dollars can be contributed to a 401K plan? If the IRS says I can contribute up to $ 20,500.... why would the 401K administrator not allow me to do this? + +Edit: Someone suggested that I might be able to contribute to a traditional IRA as a work around.... but I already max out my Roth IRA. +I earn 3800 a month after taxes. My workplace is in a really nice place in the city center exactly 2.3 kilometers away from my parents house so I live with them (24 years old) and there is no way I can afford a place that close to my work and it doesn’t make sense to move further away and endure the commute. + +Anyways, + +I have been getting paid since April and I only saved 2600! I have no idea what I have been spending so much money on so I checked. It’s mostly clothes (work clothes) entertainment(subscriptions/movie night outs/drinking/books) and food (eating out with friends) and I also bought a computer to my little brother. + +What do you guys think? Is it normal having saves that much? How can I save more? +Every article that discusses financing vs cash omits one very big detail: how to pay those monthly payments. Now, I'd love to buy stocks at a discount in today's market, hold on to them long term, and grow my investment. But the bottom line is that I can't afford the monthly payments and there's no way a $20k investment can generate enough monthly income to cover the payments. + +Why do none of the expert articles mention this part? Or am I missing something? I'd love to be wrong here. + +NOTE: I can qualify for a 3.49% APR (48 months) and my bank has a savings account at 2.25% interest. +Looking for a small long term investment, only adding $100 or so in for now but will hold for as long as possible. Missed out on litecoin and was looking into Ripple but not sure if its going to be profitable. + +I've been looking at golem and lisk, are these good small long term investments or are there any different alternatives. + +Again I realize im not investing much but I plan to invest and literally leave it for years and see what happens. +I have noticed that thanks to Robert kiyosakis book “rich dad poor dad” that many folks in business and real estate community equate having a W-2 salary job or the “rat race” with socialism. I have seen countless real estate educators, podcasters, and online influencers describe working for a salary as a socialist thing. I enjoyed rich dad poor dad for other reasons but this ignorant re-education he is attempting is too far and very annoying. + +Finally after years I just wanted to vent and hope even a few of you could benefit from setting this straight if your willing to listen to a paragraph or 2 here. What kiyosaki describes as socialism is being on the exploited side of a capitalist relationship. It does not matter if it’s a private company or the government if you work for a wage in exchange for hours of time spent and do not own the value or assets you are involved with creating it is a capitalistic relationship. This is the definition from a socialistic perspective, and to be fair this is who should be setting the definitions here not the people intentionally misrepresenting it to defame the ideas. If you do not own a stake in your own created value you are engaging in capitalism still … if you are just paid per hour and have an owner/bosses it’s capitalism but you are on the other side of it as a worker and not capitalist. one with a corporation is private capitalism and the other in government is state owned capitalism. The relationship is what counts not who is doing it(this makes famous examples like USSR, china state owned capitalism) + +A Socialist business is cooperative and the people doing the work own the business together or if they do all they work themselves then there is no issue with them owning and reaping the rewards themselves as a small business in a socialistic society. I have heard people call the “rat race”or working for others paid by the hour as stupid and socialistic. It might be smarter to be on the winning side that ends up owning everything and not being tied to your per hour wage to survive but paying others as expendable services is very much a part of capitalism to have wage workers and owners be separate. A Market Socialist is one that advocates for markets and businesses but that if any enterprise gets to a certain size it should be democratically owned and a mutually beneficial partnership amongst all parties. Thus socialism is the end of the rat race not the rat race… kiyosaki in his books and lectures mistakes socialism for “capitalism on the exploited side”(thus adding to the arrogance and irony to him berating and belittling the people that he needs to keep living in society wealthy while others do the work to keep society running for his convenience) + +PS- I am a real estate developer and investor with 15 doors working on a another 10 unit development now. I understand that what I do is exploitive! I don’t pretend and look for euphemisms to make myself feel better. We should not feel ashamed to admit the truth. In our current economic system rental housing is needed and since the government won’t do it we might as well be on the winning side and do what we can to make it not suck so bad. +Hi! . If my husband got his real estate license and I was buying/selling a home without him on the loan/title, could I use him as an agent and pay him the 6% commission that I would have otherwise paid to another real estate agent in CA ? +https://edition.cnn.com/2022/08/28/politics/elizabeth-warren-jerome-powell-recession-cnntv/index.html + +Warren quote at end of article: +"You know what's worse than high inflation and low unemployment? It's high inflation with a recession and millions of people out of work," she told Powell. "I hope you consider that before you drive this economy off a cliff." + +Warren sure sounds like a shill for big business. Also, people keep acting surprised that rate hikes are still continuing, just like clearly outlined for months. Powell only had to be so hawkish because QT deniers kept salivating for more money printing, which caused the marker to ignore QT, only making the goal of the FED harder to reach. + +QT is going to keep going and continue to be a headwind. The more knowledge we have to prepare us for how to invest in these conditions, the better. +Bit of a happy rant here. + +Thanks to the advice in this thread a few months ago. I just closed off my HECS by making a final voluntary payment before indexation ~~(1st May)~~ (1st June) + +It feels good to pay back the Tax payer, I feel humbled for the opportunity to take such a substantial debt and the trust placed within me to pay it back once I start earning a decent salary. + +It's been a long 5 years with seeing that extra bit taken out of my pay. Now I can relax, 100% Debt free! Next step FI! + +Edit: date + +Edit2: Thanks for all the congrats guys =3 +For my own benefit I was bettering my understanding of ATO Superannuation contribution benefits and figured I would expand it to a guide. + +* Table 1 shows the list of Superannuation contribution benefits prioritised based on a ROI against the current tax rulings. For lack of a better word I used ROI, but happy to be given a more appropriate term. +* Table 2 shows a suggested priority to get the best ROI when contributing to Superannuation. There are a few scenarios to account for members with spouses. + +Some important things to note: + +* I have no financial background. This is my interpretation of the ATO website. Consider your own finances before contributing noting most will not be able to access funds until retirement age. +* Government co-contribution ([link](https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-co-contribution/?anchor=Eligibilityforthesupercocontribution#Eligibilityforthesupercocontribution)) has an income test for eligibility and amount received +* Spouse contribution ([link](https://www.ato.gov.au/Individuals/Tax-return/2019/Supplementary-tax-return/Tax-offset-questions-T3-T11/T3-Superannuation-contributions-on-behalf-of-your-spouse-2019/)) +* Members could potentially salary sacrifice more than $25k using the new carry forward rules from previous FYs. +* If you are earning right on a tax bracket such as $90k you need to account for the ROI value for any component under $90k e.g. Earning $95k, the first $5k salary sacrificed has a ROI of 22%, anything more is 17.5% ROI +* There are proposed tax bracket changes that come into effect in 2022 and 2024 that will effect these figures. For example the Spouse Contribution will become a higher priority for any member earning less than $180k ([link](https://www.pwc.com.au/publications/federal-budget-2019/personal-tax.html)) in FY 24/25 + +[Contributions prioritised by ROI](https://preview.redd.it/l104ayl0ojo31.png?width=619&format=png&auto=webp&s=0354c31e51ff8e3b2284f16e4ba3d13f0d390da5) + +[Suggested Priority](https://preview.redd.it/f00cy244ojo31.png?width=422&format=png&auto=webp&s=4152d6c95b26f0d8b0a26c0912eadc81c0fdf9db) + +[Contributions priotised by ROI](https://i.redd.it/xs9t7hq6pho31.png) + +[Suggested Priority](https://i.redd.it/6ksfvfoeqho31.png) + +Edit: Fixed Spouse Contribution link +Telegram: [https://t.me/coyotecoinofficial](https://t.me/coyotecoinofficial) + +&#x200B; + +&#x200B; + +We are excited to launch Coyote with a multitude of unique features, utilities, and future goals. Our roadmap, while not bulletproof, provides a transparent look into our aspirations pre-market AND post-market. Everything we are driving towards is centred around one thing: changing the way you think about crypto and providing you with a suite of valuable, tangible assets for your crypto journey. + +&#x200B; + +Whitepaper can be found on our website at: [https://coyoteco.in/](https://coyoteco.in/) + + + +&#x200B; + +Coyote Coin | Welcome to the Den | [https://coyoteco.in/](https://coyoteco.in/) | Launch announcement coming soon! | Dual Chain (BSC & ETH) | 3 years liquidity lock to Uniswap & PancakeSwap | Auto-liquidity @ 2.5% per transaction | Deflationary @ 3% burn per transaction | Static Compensation @ 5.5% to holders | Long and Short Term Token Lotteries | Devs are doxxed + +&#x200B; + +Transparency | Integrity | A team you can trust! + + + +The pack is forming and we’re hungry… + +&#x200B; + +Click the links below for more information about the upcoming launch! + +Subreddit: r/CoyoteCoin + +Telegram: [https://t.me/coyotecoinofficial](https://t.me/coyotecoinofficial) + +Website: [https://coyoteco.in/](https://coyoteco.in/) + +Twitter: [https://twitter.com/TheCoyoteCoin](https://twitter.com/TheCoyoteCoin) +Some of you may have noticed the recent flood [[1](https://www.reddit.com/r/ledgerwallet/comments/bujahx/ledger_stuck_in_mcu_firmware_is_not_genuine_and/), [2](https://www.reddit.com/r/ledgerwallet/comments/bvc0hb/absolutely_nothing_seems_to_resolve_the_mcu/), [3](https://www.reddit.com/r/ledgerwallet/comments/c6j036/mcu_firmware_is_not_genuine_no_solution_now_stuck/), [4](https://www.reddit.com/r/ledgerwallet/comments/ax3xn8/mcu_firmware_is_not_genuine/), [5](https://www.reddit.com/r/ledgerwallet/comments/b7a4ap/mcu_firmware_is_not_genuine/), [6](https://www.reddit.com/r/ledgerwallet/comments/arj1le/help_nano_ledger_s_is_stuck_with_a_message_mcu/), [7](https://www.reddit.com/r/ledgerwallet/comments/bacdah/mcu_firmware_not_genuine/), [8](https://www.reddit.com/r/ledgerwallet/comments/c2nolb/ledger_nano_s_stuck_on_mcu_firmware_not_genuine/), [9](https://www.reddit.com/r/ledgerwallet/comments/ahptr2/mcu_firmware_not_genuine/), [10](https://www.reddit.com/r/ledgerwallet/comments/ayvq50/ledger_nano_s_stuck_on_bootloadermcu_loop/)] of "MCU firmware is not genuine" posts on r/ledgerwallet for the last 5 months (at least). It's leaving who knows how many people locked out of their wallets (hope you saved your seed phrase), stored on what was purported to be the most secure hardware wallet on the market. + +On the ledger website, their advice if the repair tool fails is to restart it. Which isn't much help as it seems everyone just winds up watching it fail again and again and again with no other options. + +Ledger support here on reddit hasn't helped any of us in any way beyond the inane advice on their support site, which its clear is helping no one. + +This is the extent of fucks that u/murzika and the Ledger Wallet team has given about this issue. + +For those considering buying a Ledger, don't. You'll lose access to your money like the rest of us. + +For those of us abandoned by Ledger and stuck without access to our funds.... I'm not sure what to do short of raising the alarm and making sure no one else supports this negligent company and falls prey to it's apathy. Any advice? Would it be possible to take collective legal action? + +I've begun reaching out to bloggers & thought leaders in hopes that a major publication will write a story on this. +I noticed on Ozbargain today that there are 2 CHESS sponsored brokers (potentially) undercutting Selfwealth. + +[https://opentrader.com.au/](https://opentrader.com.au/) \- $5.00 (up to $2500), $15 ($2,500 to $15,000), 0.10% (over $15,000). + +[https://www.thinkmarkets.com/au/](https://www.thinkmarkets.com/au/) \- $8 trades, or 0.05% for trades above $200,000. Support for real-time deposits via Poli. Limited to $1000 at this stage. + +&#x200B; + +Has anyone used these? A real-time deposit feature sounds nice. +I'm thinking there may be an uptick in clean energy and green small caps after the upcoming COP26. + +Any thoughts? Anyone specifically looking at EGR or GNX as plays? + +Could be rockets? I have no fucking idea. I need a clean energy guru to guide me. +I noticed on Ozbargain today that there are 2 CHESS sponsored brokers (potentially) undercutting Selfwealth. + +[https://opentrader.com.au/](https://opentrader.com.au/) \- $5.00 (up to $2500), $15 ($2,500 to $15,000), 0.10% (over $15,000). + +[https://www.thinkmarkets.com/au/](https://www.thinkmarkets.com/au/) \- $8 trades, or 0.05% for trades above $200,000. Support for real-time deposits via Poli. Limited to $1000 at this stage. + +&#x200B; + +Has anyone used these? A real-time deposit feature sounds nice. +This comparison is probably older than Reddit itself, but for investors who have decided to buy into only one fund and forget about it, why'd you pick that one? + +Sure, the difference between these ETFs is in the diversification: top 500 US companies vs. whole US market vs. whole world market. But with so many of the top US companies operating internationally, and such a globally connected economy in 2021, is VOO not diversified enough to reliably protect my money? + +I understand that past performance is just that, and want to avoid recency bias, but I have no reason to believe that the US market will suddenly start underperforming the rest of the world any time soon. Without such a thesis, VOO just makes the most sense to me. + +Today, my money is invested in VOO, but I'm curious to hear thoughts from others. Which fund do you invest in, and why not the others? +From the article: + +> U.S. job growth continued at a brisk clip in March, with the unemployment rate falling to a new two-year low of 3.6% and wages re-accelerating, positioning the Federal Reserve to raise interest rates by a hefty 50 basis points in May. + +> The Labor Department’s closely watched employment report’s survey of establishments showed that nonfarm payrolls increased by 431,000 jobs last month. + +> Data for February was revised higher to show 750,000 jobs added instead of the previously reported 678,000. Economists polled by Reuters had forecast payrolls increasing 490,000. Estimates ranged from as low as 200,000 to as high as 700,000. + +https://financialpost.com/pmn/business-pmn/u-s-job-growth-solid-in-march-unemployment-rate-falls-to-3-6 +American: + +**American to slash domestic, international flights as coronavirus hurts demand** + +https://www.cnbc.com/2020/03/10/american-to-slash-domestic-international-flights-as-coronavirus-hurts-demand.html + +Delta: + +**Delta makes deep flight cuts as coronavirus hurts demand, CEO expects it to get worse** + +https://www.cnbc.com/2020/03/10/delta-makes-deep-flight-cuts-as-coronavirus-hurts-demand-ceo-expects-it-to-get-worse.html +Basically the title... The dividends are good but how about the company itself? I'd like to hold the dividend stocks for decades to come, what are your thoughts why hold/not to hold MO as a long term investment? +&#x200B; + +[my dividend income](https://preview.redd.it/svbki1v0ovq81.png?width=2234&format=png&auto=webp&s=c7e5093503dea093f98e829aa0b08f3ce2e0eb50) + +In **March 2021 it would cover 19.49%**, as that was the month with my lowest expenses for the whole year 2021. Even though my dividends may appear to decline, it is actually a 41% increase year over year. I bought only a bit of INTC in March 2022 to my dividend portfolio, as I was dollar-cost averaging in my growth portfolio a lot more! (there are stocks with -40% capital loss) + +Trajectory still looks good, but I’d like my growth portfolio to catch up so I can invest more in dividends stocks again. + +Heatmap for my dividend portfolio in March 2022 in capital gains/loss: + +[heatmap dividend portfolio March 2022](https://preview.redd.it/q9qyx284ovq81.png?width=2228&format=png&auto=webp&s=66ced289a01cbc3e01f188c672fb7476611272d2) + +**What is the percentage of living costs that would be covered by dividends in March 2022 for you?** +I apologise if this is an elementary question, both myself and my husband come from extremely poor backgrounds where almost no one we knew even had a job, let alone donated to charity. + +My husband and I have found ourselves suddenly quite wealthy, after many years of saving and living very frugally. + +We would like to start giving back. + +I earn quite a lot ($240,000 per annum, Professor with a top-up), and propose that for the next year, I donate the equivalent of any residual tax that I pay to charity. This is the first year I’ve earned this salary and my tax is likely to be about 60k before deductions. + +So am I permitted to donate 60k to tax deductible charities and then claim this back at tax time? Is this ‘cheating’ the tax system or a reward for benevolence instead of buying an investment property or more shares? Is there a limit on the extent of charitable donations that one can make per annum? +**PALM BEACH** – Acknowledging that “he knows how bad this looks,” a good friend of the Trump family said today that his purchase of $20 million in Kodak shares just prior to the government’s announcement of funding was a coincidence related to his sudden, absorbing passion for classic film photography. Gene Salazar, a Mar-a-Lago member and regular golfing partner of the president, said that the mood to buy millions worth of Kodak stock shortly before it shot up 300% “just struck him early this morning” while he was out walking and definitely not receiving a private call from Donald Trump Jr. regarding the administration’s planned move. “I mean honestly,” he said, “If you told me that Donnie would, completely out of nowhere, throw three-quarters of a billion dollars at Kodak to produce drugs, I wouldn’t have believed you anyway.” + +&nbsp; + + + +Salazar, like a number of others who suddenly felt very confident in Kodak’s future in the hours prior to any news being released, saw his initial $20 million investment triple in a matte­­r of minutes. “I guess they say invest in what you know and love, and we all know I love photography, even though Kodak doesn’t make film anymore. It just felt right, and I was rewarded.” When pressed on whether he would hold on to the shares as a show of trust in Kodak’s pivot from film manufacturer to government-owned medical enterprise, Salazar was not so sure. “Perhaps tomorrow I develop a passion for disease eradication and invest in a small biotechnology company in Utah that is about to announce a vaccine trial,” he said. + +&nbsp; + + +The SEC, operating out of the abandoned husk of a Blockbuster in suburban New ­Jersey, was not available for comment on a potential investigation. + +[source](https://www.reddit.com/r/TheHedge/comments/i055es/kodak_insider_trading_actually_just_coincidental/) +Ask for a reduction in Rent. Vacancies in Sydney are incredibly high and climbing. + +Most landlords are willing to negotiate lower. Tenants have the whip hand. Use it. If I can make an additional 10% from investing I will take it every time. This is even easier. + +Steps. +1.Research and be prepared to move +2.If the current vacancy rate is at or toward 3.00% then ask. +3.ask for a rent reduction that is slightly more in total value than one month's rent (average number of days a property is empty in Sydney is 32) +4. Be prepared to move or negotiate on this number. +5. Be confident and polite when sending a note to your agent. +6. This should be some of the easiest cash you can make remember landlords are now faced with a large oversupply of apartments in general. + +A vacant property burns money literally. + +This works best when you have been a tenant and are coming off your fixed lease. Or the agent has approached and asked for another fixed term. + +Good luck and share your wins below. It gives people confidence to see it work. + +Edit: I can't change the title. If I could it would say +Save a heap of after tax money by getting a rent reduction in Sydney Metro area where vacancy rates are greater than 2.5% and don't ask me for any figures because it's all variable. +A large amount of you thought the virus was a "glorified flu" that would have limited impacts on the market. + +Now the common malarkey I see here is that "the market will shoot right up as soon as the virus is under control in 3-6 months." + +This assumes that the bear market we are seeing was entirely caused by the coronavirus and not that the coronavirus was a trigger that caused a sell-off for other/additional reasons. + +Once the virus is "under control" we are going to see many following quarters of negative earnings reports. We will likely be in a recession marked by job cuts that will impact the affected people's ability to pay their mortgages and contribute to 401ks and make discretionary purchases. Consumer confidence will remain challenged. The market will have to readjust to an environment where the Fed can't bail it out with an interest rate cut automatically as it has the past decade. + +Additionally the massive amount of bail outs to industry and support of affected workers means even more debt on top of an economy that is more indebted at the government, consumer and corporate level than in 2008. + +Don't make the mistake of viewing the current market environment solely through the lens of COVID-19. We will be in an entirely new economic environment when this passes. +Central banks and Basel III have more or less removed price discovery from the credit markets, meaning risk does not have an accurate pricing mechanism in interest rates anymore. And now passive investing has removed price discovery from the equity markets. The simple theses and the models that get people into sectors, factors, indexes, or ETFs and mutual funds mimicking those strategies -- these do not require the security-level analysis that is required for true price discovery. + +[Full Article ](https://www.bloomberg.com/amp/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos#click=https://t.co/RpGYgowI5N) +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! + +Carstens, the newly-christened general manager of the Bank for International Settlements (BIS) — the so-called “central banks’ central bank” — is on record as one of cryptocurrency’s fiercest critics.[ccn.com](https://www.ccn.com/stop-trying-to-create-money-bis-chief-to-cryptocurrency-developers/) +Maybe a silly question, but what constitutes a good algo? By that I mean what annualized return, standard deviation, max drawdown levels are considered “good”? +I wanted to hear some thoughts from people who have successful strategies over years with options. + +I’m a big believer of everything being priced in. But then why are some option strategies consistently profitable every year when backtested? I’ve read a few white papers and research papers on this as well. + +It can be as simple as the example of selling options with good risk management. The risk/reward ratio can be outsized a lot of times on a consistent basis as well over the course of years. + +Building on this, most people know that there is a skew that shows volatility is generally overpriced and selling options can be consistently profitable, with consistency and proper risk management of course. Is this due to the casino or insurance mentality? (E.g. we will sell to you and take on risk, but you need to kick up over 50% odds in my favor). + +I guess my thoughts and questions here would be am I missing something after years of testing and reading? Is there a strategic advantage here and is the market maybe just inefficient in some cases? There are of course drawdowns, but on a probability scale there just seems to be an outsized risk/reward in situations like this. + +Why hasn’t this been exploited by bigger firms? Is there a scalability factor? + +Or are people fine with the fact that the options market works a lot like a casino? In theory, maybe a casino or insurance model is actually efficient. +Just curious on what passive income ideas the community have tried and failed or isn't working as well as you expected. + +Edit: wow this blew up overnight. very informative because all I see is survivor bias in most of the posts about passive income stream. thanks for sharing. I've had ideas to do some of the things you guys mentioned. +We're both ill equipped to handle this. I'm ill and unable to work or manage much at all. He's so stressed out its taking a toll on his mental health. I don't even know where to start unraveling all of this. He makes good money but we live day to day, not even paycheck to paycheck. I don't even know how in debt we are because most of it is from secret spending he has done behind my back (that is being addressed). Where do I start making sense of this? +So I had a parent pass away in Feb. of 22. I met with her f.a twice when she was alive and in a nursing home, once after passing. Well I just found out that he added a beneficiary To only one of her fidelity accounts approx 10g and the 60g account I was left off no beneficiary. The will states only me, all other accounts was payable on death to me. Because of this error I have to go to probate. I caught the error from fidelity just at the time he called me this week. He said he was doing his month follow up on accounts. I recorded the conversation as well. Can I fill a complaint if so with who? If I need a Attorny to get this done, is he and his company responsible? Not to mention she just started working with this guy in aug of 21, massive stroke the following month, which I contacted him to tell him so he was in the loop. I can’t believe he did not add a beneficiary to a 72 yr old account. Thoughts? +I just read that Portugal does not tax crypto sales, i.e. you can seell crypto to FIAT and you pay literally 0 tax, which is quite appealing to me. I had a general question regarding moving to another country for tax avoidance (not evasion!). + +Let's assume I move to portugal in Jan, and stay for most of the year there, then I presume I become tax resident there. during that period I sell 200 billion USD worth of crypto (not really but good for illustaion :) ) and then I head out of the country and move somewhere else. Would I have 0 tax due in Portugal and as such, nowhere else for that year ( I assume there is no double taxation of any sort like e .g. for US citizens)? Thanks! +I live in Ireland (EU). I was wondering if there is an alternative to Vanguard LifeStrategy for the EU market (or US, Emerging). I want to buy through Degiro. Thanks. +I invest between 500 to 1000 euro a month in degiro, but it's free funds are rather limited and outside those, the fees seem pretty. Is degiro really a better option than for example etoro or trading212 who offer fee-free investing. +I invest between 500 to 1000 euro a month in degiro, but it's free funds are rather limited and outside those, the fees seem pretty. Is degiro really a better option than for example etoro or trading212 who offer fee-free investing. +Hello, I recently moved to Germany. I am an EU citizen of another country. + +* 4000 EUR income after taxes +* 900 EUR rent (Warmiete/Utilities included) +* 200-250 EUR spending for food/drinks a month and maybe some additional for going out +* 37 EUR Internet bill + +I am aware that just letting my money stay in my account i.e austerity is not doing anything even more so with inflation I am losing money. My goals are the following: + +* Increase my wealth either short or long term. Mainly making sure that I am not losing money just because my money is laying around. +* Have an emergency fund. +* Eventually, be able to save for a home mortgage down payment or exotic trips. + +I have read quite a bit about investing and how finances and economics work, however, I still feel kind of lost as to how I can make it work. I only know that I am interested in ETFs and StocksSo I need advice on the following: + +* What are good EU-based brokers with good ETF and Stock options? +* What amount of my income should I spend on investing? Considering I am also having emergency savings. +* What taxes I am obliged to pay in Germany? Where can I check that? +* What resources would you recommend reading to get more familiar with how to plan my investing strategy/plan? + +Thank you in advance! + +&#x200B; + +Edit: + +Thank you very much, everyone, for the good advices, now I feel a bit more confident or at least where to look for that information. + +**As it gained interest how I earn that much at 22 years old here is a summary:** + +I started with programming and learning about computers when I was in 5th grade, I was really fascinated and it just stuck with me through my HS years and I enjoyed doing it in my free time. + + I actually earn less than I should, however, in order to get more I have to move to another company and I want to get a very specific certificate before I do so which I am currently saving for. Also, I need more free time for it. +I don't want to come off as cocky or stuck up, I do believe anyone can learn to do most things, however, if you are doing it just for the high salary, especially in my field more likely than not you would not reach the "big money" or you will get burned out and hating your job pretty quickly. +As to "What would you recommend as a starting point?", again with the risk of sounding cocky. If you really need to ask that you already do not qualify for a penetration tester or security researcher. If you do a quick google search you will find a lot of good resources and honestly, there is no resource that covers it all and is the ultimate, most resources are focused on a topic. +So my recommendation is: + + +1. What excites you about tech/programming/software ? +2. Google about its internals how it's built; Run some labs/exercises with it on your own; Thinker a bit. +3. Search for known exploits of the said thing; +4. Replicate the exploitation process and try to understand why does it happen like that +5. Go to point 1. and repeat + +For testing and honing your skills, I can recommend [https://tryhackme.com/](https://tryhackme.com/) and [https://www.hackthebox.com/](https://www.hackthebox.com/). + + +&#x200B; + +&#x200B; +Hello, + +&#x200B; + +I am currently rebalancing my portfolio and I have question regarding Bonds. Why is better to allocate e.g. 20% of portfolio in Bonds than hold in cash? Currently bond yealds are close to zero, and some are negative. + +I was planning to investi in AGGH - iShares Core Global Aggregate Bond UCITS ETF, but I am not sure if it is better to hold in cash. + +Thank you in advance. +I fixed my energy deal in October and it runs out in 2024, edf have told me I should overpay now to build credit to offset the difference when it runs out, is this worth doing or not? +Back with another round of goodies. Sorry for not having this part up yesterday, I got side tracked by a few different rabbit holes. With the FTX bankruptcy filings being published, I'm going to break into a bit of speculation combined with data for this part, simply because it fits too conveniently. If there is one thing I learned when digging into Credit Suisse's report 15 months ago now, it's reading in between the lines. I based my entire Credit Suisse post on one footnote that mentioned GameStop and let the data guide me from there. My bullshit detector is in overdrive based on a footnote in yesterday's filing, which can be downloaded [here](https://www.scribd.com/document/608298469/FTX-bankruptcy-filing-11-17-22#download&from_embed). Without further ado... + +# Last Time on Unwrapping Wrapped GME.. + +In part 1, I established where Wrapped Gamestop came from. If you missed it, spoiler alert; it was created by FTX. + +For reference, the Wrapped GameStop token address + +[https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496) + +&#x200B; + +[Note: Serum was founded by SBF as well so yeah, FTX](https://preview.redd.it/vnzwuqhlot0a1.png?width=2732&format=png&auto=webp&s=04c075d334acea0d6a0b9190b88242fb8d2a32d4) + +&#x200B; + +**Creation date was Jan 26, 2021. Remember** **this?** + +&#x200B; + +[Pepperidge Farm Remembers](https://preview.redd.it/ysinhrypot0a1.png?width=1710&format=png&auto=webp&s=a962770adc694a53edbbcf6729b2245083ccf6b3) + +&#x200B; + +If you glance up above, you'll see that a Uniswap contract was deployed two mins after creation of the token. The token offered on Uniswap was based off of the FTX created Wrapped Gamestop token. Coincidentally (🙄🤣🤣), FTX began offering Tokenized GameStop on the same day that the article was published. What's interesting though, is that aside from a random transaction on Uniswap a little over 200 days after, there was no movement outside of the initial 16ish hours after creation. + +&#x200B; + +[Note that INSANE swap rate on the last transaction. That's another topic for another day though.](https://preview.redd.it/fb672trsot0a1.png?width=3486&format=png&auto=webp&s=39b9428b31c794e33058617d697b72f94602312c) + +&#x200B; + +**DATA MIXED WITH SPECULATION AHEAD** + +Now that we've re-established that this dogshit was created by FTX, and that it essentially never moved since the squeeze, what were they doing with it? If there were no transactions, what was trading on FTX? The last question was rhetorical. Hopes and prayers were trading on FTX that's what. Not the focus of this part anyways. Let's see what they *could* have done with it. + +First, let's see some data on tokenized GameStop. + +[https://coincodex.com/crypto/GME-tokenized-stock/?period=ALL](https://coincodex.com/crypto/GME-tokenized-stock/?period=ALL) + +&#x200B; + +[Note that number for later](https://preview.redd.it/gueofd0vot0a1.png?width=2092&format=png&auto=webp&s=8befda7a95cd2c77ed6d424bc2192eabd33cc965) + +&#x200B; + +We see that the ATH for this dogshit is $414.00 and the ATH date is Jan 29, 2021. This is after all the transactions on Wrapped GameStop have been completed and they are essentially in the wallets where they will remain. It's already been widely reported that in-house coin FTT was used as collateral for loans, so what if these were utilized in the same manner? I don't think it's exactly a stretch, and once it's outside of blockchain, I don't have a verifiable way to find out, but let's let some data talk for us. I'm only going to focus on a couple of holders on Wrapped GameStop; namely Binance, Jump Trading, and Genesis Trading. + +If we look at the transfers of Wrapped GameStop we can see the flow of who got what. The transaction hashes will also show us how much they were bought for (if they were). Let's pull in the price of GameStop stock for Jan 27: + +&#x200B; + +[$86.88 close](https://preview.redd.it/bao6rvowot0a1.png?width=2012&format=png&auto=webp&s=22ba0529eae2cceb3c4df2685d1a75c93740fb12) + +&#x200B; + +Now that we have some controls set up, let's dig into some forensics and math. + +&#x200B; + +**First up: Binance** + +**Binance 7 Wallet Address:** [**https://etherscan.io/address/0xbe0eb53f46cd790cd13851d5eff43d12404d33e8**](https://etherscan.io/address/0xbe0eb53f46cd790cd13851d5eff43d12404d33e8) + +&#x200B; + +https://preview.redd.it/tbsvlnh0pt0a1.png?width=2738&format=png&auto=webp&s=f74f9cbf8b0f876b4a01b9632c57d99f56d758a7 + +We can see the first four transfers were the creation of the token. There was a transfer of 1 million Wrapped GME to Binance three minutes after initial creation, and it was the 7th transfer after initial mint. It was a straight transfer, they weren't bought. Now the math. 1 million GME at the time of transfer had a street price of $86,880,000. Binance paid $0. + +&#x200B; + +[Still sitting there](https://preview.redd.it/msx8jc72pt0a1.png?width=3154&format=png&auto=webp&s=05e5615a47fb554c3bfb44d82cb647cc83a1df13) + +&#x200B; + +Jump Trading and Genesis Trading weren't as lucky to receive theirs for free, they purchased from Uniswap and were the 10th and 11th transaction respectively. You can see below that they swapped exact ETH for the token. Let's see how much they paid. + +&#x200B; + +https://preview.redd.it/jk8g2wk7pt0a1.png?width=2726&format=png&auto=webp&s=bec690ed1ed4b902ce2f04319c7442bd850f923e + +**Jump Trading** + +**Transaction:** [**https://etherscan.io/tx/0x294b280646818a3d99fcbae739c008061a75e7fb60dc4f2d31d671eae033d58d**](https://etherscan.io/tx/0x294b280646818a3d99fcbae739c008061a75e7fb60dc4f2d31d671eae033d58d) + +&#x200B; + +https://preview.redd.it/kfbi43e8pt0a1.png?width=2740&format=png&auto=webp&s=723c8701b6d5cfad8412d1ad93aa719b1b249d5c + +Now, with GameStop closing at $86.88 and if Wrapped GameStop was based off GameStop's actual price, the total for 17,090 shares would equal $1,484,779.2, yet Jump Trading paid $1,207 for them. A little fucked, but okay. + +**Genesis Trading** + +**Transaction:** [**https://etherscan.io/tx/0x8d2b867f5fa6c95f5adaff3df9b5c53551e6eeba0ae10e31ad47550451abf519**](https://etherscan.io/tx/0x8d2b867f5fa6c95f5adaff3df9b5c53551e6eeba0ae10e31ad47550451abf519) + +&#x200B; + +https://preview.redd.it/let7nfb9pt0a1.png?width=2730&format=png&auto=webp&s=8a708381dbbe264de45c7572f1cb20a16360f1a9 + +Let's walk through this one... We can see the purchase was exactly one minute later and they bought 33,306 Wrapped GameStop for 2 wETH. Walking through the math, that's $2,893,625.28 worth of Wrapped GameStop (if representative of the actual price) that they bought for $2,416. + +# Tying It All Together + +As the tokens haven't moved since the initial 16ish hours, and those three companies alone held (at the time) $91,258,404.48 worth of tokens (if they mirrored the actual price), but did nothing with them, it looks awfully circumstantial that these were used as collateral for real world loans. Due to the atrocious bookkeeping at FTX/Alameda, I don't think we'll be able to find for certain if they were. Binance shut the fuck up, Jump Trading and Genesis Trading are both looking down the barrel of a gun for doing this very thing with FTX. If I may walk through a hypothetical here. Let's say that FTX/Alameda used the entire supply as collateral for a loan, what would that be? + +We know that there is a 10,000,000 supply of Wrapped GameStop, right? We also know from above, that tokenized GameStop peaked at a price of $414 on January 29. Rough math, that's $4.1 Billion if they waiting to get the loans at peak price. + +&#x200B; + +Now, there is an interesting footnote in the bankruptcy filings shown below: + +https://preview.redd.it/tr7x06wapt0a1.png?width=1708&format=png&auto=webp&s=070b2f280d825a366a864f37931b00dd6e2a2406 + +# Related Party Loans Receivable of $4.1 billion at Alameda Research. + +I'll let you guys draw your own conclusions. Till next time! + +&#x200B; + +# Errata and Addendum: + +In my haste to write this, I didn't double check the price of GameStop stock correctly. As everywhere has updated the price post split the actual price of the stock on Jan 27 was $86.88 x 4 or $347.42. Would change the calculations on what the tokens would've been worth at the time of mint by a factor of four as well. Arriving at the $4.1 Billion didn't change though as I used the ATH of $414. + +&#x200B; +As many of you know, we have had historically low interest rates for a long time now. The Federal Reserve has printed money and grown their balance sheet to levels never seen before, and the US is running record deficits at the same time, during a supposed strong economy. This is obviously a cause for concern. + +I recently came across a CNBC video (yes, I know), and the guest, Byron Wien, Blackstone Private Wealth Vice Chairman, had an incredible segment where he explains this issue in just \~2 minutes. Worth a watch - [https://youtu.be/C4QjDJuyfek?t=186](https://youtu.be/C4QjDJuyfek?t=186). Even the interviewers were stunned. + +So what's the plan when the balance sheet expansion and QE4 or whatever you want to call it comes to an end? Buy gold? Buy Puts? Stay invested and average down? + +I'd love to get some discussion going on this. It's a real issue and not something that can be ignored forever. +1. sell house +2. convert fiat into bitcoin +3. go live in a tent +4. how keep Bitcoin seed safe? + +don't just tell me to stamp it out on metal. What if the police search me and steal it? or if a random person steals my backpack. +https://www.cnbc.com/2020/04/14/coronavirus-aid-us-airlines-treasury-department-reach-agreement-in-principle-on-aid.html + +>The grants will likely come with additional conditions. The Treasury Department has asked airlines to pay back 30% of the grants, essentially turning a portion of them into low-interest loans, according to people familiar with the discussions. + +Seems to be positive news for the market, DAL is up 6%, UAL up 7.8%, LUV up 5% +*EDIT: I just wanted to thank all of you so much for your help. Since I made the post I've filed my tax return myself and lodged it, so there's $1900 coming from that. I've also called the bank and told them I can do $1900. They've split the amount owing and placed it onto future fortnights - with the overtime and the tax return coming, I'm confident I can zero the arrears in a month or less. I also went through some things and decided to sell, of all things, Pokemon cards. I made over $600 selling 34 cards, which is now in the Paypal -> bank account limbo.* + +*I also went through my pantry and found 1.5kg of rice, 1kg of spaghetti, a few cans of SPC spaghetti, and a few other staples. I plan on going to the shops and stocking up on cans of tuna (1/2 price special), some spices, curry paste, eggs, frozen veggies and a bag of beans and grabbing a stack of takeaway containers so I can fire up the rice cooker and fill my freezer.* + +*Even if all that was said was a shake-by-the-shoulders reality check, I really appreciate it. Thank you all so very much!* + +A couple months back I had to have surgery to remove my gallbladder. This was done privately, but there was still a significant gap that I had to pay to multiple doctors. This depleted my savings. + +All of these medical bills have been paid, but due to these bills and having been off work for a fortnight to recover, I’ve fallen behind on my mortgage and as of now am in arrears by about $3800. + +I’ve already contacted the lender and let them know of my issues (BankWest) and they set up a payment plan to get me caught up. This plan is $2050 paid per fortnight. I can do that for this fortnight... but it’ll put me down to about $10 in the bank, and about $200 on my credit card. I’ll have to live off this for 2 weeks. + +Needless to say, I’m panicking. + +Save your lectures about how badly I’m managing money. I’m aware, and I want to change it. But I can’t implement a plan for *anything* until I’ve fixed the arrears on the mortgage. + +I don’t know what my options are, but I only need enough to survive this fortnight. + +I cannot draw from Super because I am still employed. (Not that I would, it seems like a bad idea) + +Using things like Nimble sounds ridiculously stupid. + +I can’t lodge my tax return because I don’t have the money to pay the accountant, and that money is 2 weeks away at least. + +Aside from selling things, I don’t know what to do. I’m hoping someone here has been in a similar situation and has dug themselves out. +Past research has found that experienced well-being does not increase above incomes of $75,000/y. This finding has been the focus of substantial attention from researchers and the general public, yet is based on a dataset with a measure of experienced well-being that may or may not be indicative of actual emotional experience (retrospective, dichotomous reports). Here, over one million real-time reports of experienced well-being from a large US sample show evidence that experienced well-being rises linearly with log income, with an equally steep slope above $80,000 as below it. + +&#x200B; + +[https://www.visualcapitalist.com/chart-money-can-buy-happiness-after-all/](https://www.visualcapitalist.com/chart-money-can-buy-happiness-after-all/) + +[https://www.pnas.org/content/118/4/e2016976118#sec-1](https://www.pnas.org/content/118/4/e2016976118#sec-1) +USAA sold my VA home loan, just refinanced last august, to Mr. Cooper. Now Mr. cooper is charging me an extra $25 per month in “fees” over and above what I was paying at USAA. This is not PMI, I don’t have that. In fact, I qualified and paid for a lower %2.5 rate with USAA last year. + +Is this legal? I still have my loan origination paper work from last year. Any help would be appreciated. Thanks! + +Edit: Clarification, this is not an escrow shortage, late fee, insurance increase etc. this is a line item called “fees.” + +Addtionally, I’m wondering if anyone has any idea if “fees” like this are allowed in general under the restrictive provisions the US Veterans Affairs (VA) office places on lenders for VA secured home loans. Thanks! +Finally just got to $2000 a year dividends. Shifting away from high yield and more towards growth and blue chip. Continuing to dump more every paycheck so we will see where we are at after this year. Biggest %s are in NRZ XEL MAIN BEP/BEPC BX. Smallest in AAPL MSFT O. F has biggest over all position but dead as far as dividends go. + +EDIT: total portfolio size is $62k so I am yielding just over 3% due to the recent run up. My goal is to be over 5% which according to my excel spreadsheet I should be in a few years. I picked companies I like and then invest by yield In those companies. I also have some non-dividend players in there which also pushed the yield down. Removing the non-dividend players I am +Over 4%. +recently couple of my holdings announced big share buybacks, the market seems to appreciate this. I understand that share buybacks are great, but why do they have to do it right now, why do they not save the money for times when the stock market is less exuberant? +Using a sum-of-the-parts valuation I believe that Tencent/Prosus is undervalued. + +According to Tencents latest earnings report the value of their listed investment portfolio is 127,7 USD billion. + +Finding a valuation on their unlisted assets is hard and most are outdated but the articles I found valued Tencents total portfolio in a range of 200-250 USD billion. + +Assuming that the fair value of Tencents investment portfolio is represented in the share price, the investment portfolio of Tencent would account for 44-55% of the total market capitalization. Tencents total market capitalization is 450 USD billion which means that with the investment portfolio valuation at the low end (200 USD billion) the value of the operating business would be 250 USD billion. With an operating profit of 25 USD billion for FY 2021 this would give Tencent a P/E ratio of just 10. + +In my NAV-calculation of Prosus the discount to Tencent is 41,5%. When adding the discount of Prosus to Tencent you're essentially buying Tencent at a P/E ratio of 6 when you buy Prosus. + +Prosus has another 47,5 billion in assets (Including JD dividend and valuing VK at zero) which you are getting for free. Total discount to NAV in my calculation amounts to 57,5%. +Assume an owner wants to sell a business. It’s a + +-7 year old coffee shop +-almost debt free +-heavy on goodwill and intangible assets +-physical assets include only the property and whatever little kitchen instruments +-NOT based in a metro, more of a developing city + +How should an ideal ‘proposal to buy’ for prospective clients look like? +EDIT: this is a hypothetical situation. I will be plugging all the figures by myself, almost above the industry average. I am trying to know what does the prospectus consists of and which model is suitable to measure FV +For my taxable brokerage account, I usually use a value averaging strategy. This is essentially a DCA every month into one of the 4 ETFs or 11 individual stocks I own. When one or more of my position dips for no good reason, or due to short term troubles, I buy more. +Earlier this year, when the market started to dip, I started to invest more and more money in the market, including all my tax refund. I am now at a point where I’ve burned all my non-emergency cash into buying the dip and going forward I can only buy a little bit more every month, potentially missing out on significantly lowering my cost basis. +What strategies do you use to avoid this. Timing the market is impossible, because no one knows when we will reach the bottom. Personally, I will continue to DCA every month while also building up my cash reserves by cutting down on expenses +*Stage 1: At the party, the markets been down a while and people are not talking about stocks. There's little interest in talking to an equity mutual fund manager like Lynch about it. When folks generally seem inclined talk to about plaque with a dentist than about stocks it's likely the market is about to head higher.* +*Stage 2: People may talk about stocks long enough to say they're risky but would still rather not talk about it. Party conversations are still more plaque than stocks and the market's up roughly 15%. Few care.* +*Stage 3: Market is up 30%, people start* *asking* *a professional money manager like Lynch what stocks to buy. Most have now bought a stock or two.* +*Stage 4: People are crowded around Lynch but now they are* *telling* *Lynch what stocks to buy. Dentists are now offering stock tips. This stage is a good sign the market is near a top.* +Considering the extreme amount of money generated due to Covid, is there now a bubble due to those funds being blindly invested into indices such as the SP? + +edit: maybe a bubble that won’t pop but just cause lackluster returns +While a lot of companies are suffering, others are thriving. Here is a list of the top 100 public companies that are prospering despite COVID-19. The great thing about the list is that it provides key stats for each company as well as a brief commentary on the company. + +[**Link to the list**](https://drive.google.com/file/d/1RX2GNK-cZbXQVllphZgyLWHM-s2aUBYH/view?usp=sharing) + +Let us know your thoughts in the comments :) +When I first started in June (I know not that long) I bought a bunch of things I now consider to not fit my investment philosophy. This is because as I’ve learned through the past few months, my philosophy has changed from buying companies I knew, to buying companies with a large margin of safety. My question is, did other people experience the same things? I’ve probably sold half of the stocks I started with once I learned how to read a balance sheet. I’m also worried my philosophy will keep changing as I read and watch more (berk annual meetings, google talks). I have a copy of the first edition of Security Analysis coming in the mail and I’m so excited! So what is your value investing story, and did you have a similar reallocation once you realized what investing is actually about? +Google @ 8% +Meta @ 8% +BNS.TO @ 8% +EQB.TO @ 7% +GSY.TO @ 5% +DIR-UN.TO @ 5% +SRU-UN.TO @ 5% +ADBE @ 4% +MAGT.TO @ 4% +Sitting on cash @ 47% + +Currently 53% in the market now. +Looking at Apple as a potential buy next to make 10 total stocks. If apple goes to 120/130 levels I’ll start dipping my toes in. Also looking at semi conductor space but torn between AMD, MU & QCOM. So many good deals right now. + +What’s everyone’s thoughts? Any that look risky compared to others? +My amazing boss just put in her notice today. Personal reasons, but it was a logical decision for her. I've been similarly unhappy and frustrated with the company myself for several months, not just because of Covid and the industry we're in. Covid just made it way worse. Everyone has been jumping ship it seems. I am 1 month away from being halfway through my first pregnancy, and my plan was to stick around through at least after my maternity leave and then start seriously looking around. But now that she's leaving, I am fearing maybe it's time I jump ship now too and at least start looking. + +How unwise would it be to leave now and possibly pay more out of pocket bc of lack of benefits/PTO versus tough it out until May-ish 2022 and find something better? If it helps any, I can easily find a higher-paying job anywhere in my city, so the hunt for a new role would hardly be difficult. It's just that transition and loss of benefits would be extremely difficult on me/us during an already exhausting time (physically at home and mentally at work). Also, my new boss for now will be fine, and if my tasks stay relatively the same I can probably tough it out without much difficulty. It would just be frustrating the whole time. + +Update: thank you all for the amazing and insightful comments! I think I'll stick it out and reconsider choices right before/after the baby comes. Loss of benefits/insurance could be really tough on us, not to mention the job transition in Covid and having to take maternity leave. I think I already knew this was the answer but wanted to make sure I wasn't being a crazy pregnant lady lol +I do not care about a bank if you're simply depositing money into a checking and savings account, with possibly a self-serve brokerage account, with no real unique banking experience compared to the average American with standard, retail banking usage. + +I'm more curious about, whose using a bank, maybe a private bank, or any bank, they moved to because it provided them with X, Y, and Z, product, service, relationship or tool, and they're really getting great service and would only bank with them for very specific reasons. Like how are you taking advantage of your bank, why do you love them, what is really making them special for you, and what are they doing with you that you did not get elsewhere? + +For example, I'm recently switching banks because one is way more friendly to real estate developers, that's very strong on real estate lending, which that's what I'll be focusing on in my business. They completely suck on brokerage accounts, and I have that somewhere else. My bank doesn't even provide credit cards, but that doesn't matter to me. And I'm happy with the new bank I'm at. I'm curious for the others, what's your banking like, why do you love them? **Who has found a unique bank that fits their needs and what are those?** + +I don't know what I don't know. Is there some banks doing crazy things for people that I don't know about, and it's something I could also take advantage of? **I'd love to hear about** ***how you're getting the MOST OUT OF YOUR BANKING***. +Federal Reserve chairman Jerome Powell answers questions from the audience at the NABE meeting in Boston. + +https://www.cnbc.com/video/2018/10/02/feds-powell-says-the-us-is-not-on-a-sustainable-fiscal-path.html +I've started looking into psilocybin mushroom companies such as Compass Pathways (CMPS) as I believe they will eventually flourish, and I'd like to get in early. Mushrooms seem to be the big ones but, I am also finding that MDMA therapy is a close second. + +Is anyone else investing into these types of companies? Which ones? Why? +Decided check the Daily post on the three days in the past around the last bitcoin bottom and see what people were discussing around that time. Links to daily post and screen shots of some of the top comments below. + +December 13, 2018 + +[https://np.reddit.com/r/CryptoCurrency/comments/a5qn7z/daily\_discussion\_megathread\_december\_13\_2018/](https://www.reddit.com/r/CryptoCurrency/comments/a5qn7z/daily_discussion_megathread_december_13_2018/) + +One day before the bottom + +[Daily - Dec 13, 2018](https://preview.redd.it/gmnuogoea2091.png?width=694&format=png&auto=webp&s=0df4f1db64c599631d81f0d41efb2098845743c2) + +December 14, 2018 + +[https://np.reddit.com/r/CryptoCurrency/comments/a622hm/daily\_discussion\_megathread\_december\_14\_2018/](https://www.reddit.com/r/CryptoCurrency/comments/a622hm/daily_discussion_megathread_december_14_2018/) + +The day Bitcoin hit it's bottom of $3,236.36 + +&#x200B; + +[Daily - Dec 14,2018](https://preview.redd.it/2y5gzfhza2091.png?width=683&format=png&auto=webp&s=043acb24d8895c2eb7271b7f08749d832c5b7797) + +December 15, 2018 + +[https://np.reddit.com/r/CryptoCurrency/comments/a6cue5/daily\_discussion\_megathread\_december\_15\_2018/](https://www.reddit.com/r/CryptoCurrency/comments/a6cue5/daily_discussion_megathread_december_15_2018/) + +The Day after the Bottom, starting the ride to the top + +&#x200B; + +[Daily - Dec 15, 2018](https://preview.redd.it/f7meeksnb2091.png?width=682&format=png&auto=webp&s=5b93be41969b21b9408ec9152e9404f7844607bb) + +Surprisingly the comments don't look that different from what you see today, some saying it's going to fall some more, others saying this time it's different. The one thing that is clear, nobody knew that bitcoin would not reach $3.236.36 again, this was the best time to buy. + +Are we at the bottom now? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +This is something I see a lot of beginners (like myself) struggle with. I'm learning the ropes as far as technical analysis goes, but I have no idea which is a good stock to follow in the mornings. Also, how many stocks should I be following? + +I have a screener set for gapping stocks, but I still have a hard time figuring out which of these to follow. As an aside, from what I'm reading, if you are taking longs, it seems that gapping DOWN stocks would be a better choice in the morning, no? + +Also, when you pick a stock or stocks to follow in the morning, what characteristics are you looking for? + +Much appreciated everyone. +&#x200B; + +https://preview.redd.it/d1pxj139exz61.png?width=656&format=png&auto=webp&s=02bd971c97fee1beb3b41cca2fae7de0c9fc90c9 + + Template for voting: + +**SUBJECT:** My voting instructions on the upcoming GameStop Corp. shareholders meeting ***\[make sure you have a subject so your email doesn't get lost in the crowd, brokers across the world are flooded with retail's new interest in investing\]*** + +Dear sir/madam, + +I am hereby sending an email with my voting instructions in the upcoming GameStop Corp. shareholders meeting. My username is **X**, full name **XX**. + +On the 15th of April, when voting rights were locked in, I owned **X** shares in GameStop Corp. (GME) listed on the New York Stock Exchange (NSY)**{**, and **X** shares in GameStop Corp. (GS2C) listed on the Frankfurt Exchange (FRA)*\[delete/use this if you have/have no FRA listed shares\]***}**. I would like to exercise my voting rights with all of these shares. I will be referring to GameStop Corp.'s Board of Directors as "the Board". + +I am aware of the 10-euro fee for this vote and consent to paying this. + +On the voting matter of the Election of Directors, I would like to vote in favor of the Board's recommendation of "FOR ALL Nominees": + +* Election of directors +* 1.01 George E. Sherman (**For**) +* 1.02 Alain Attal (**For**) +* 1.03 Lawrence Cheng (**For**) +* 1.04 Ryan Cohen (**For**) +* 1.05 James Grube (**For**) +* 1.06 Yang Xu (**For**) + +On the voting matter of the Advisory Vote on Executive Compensation, I would like to vote in favor of the Board's recommendation of "FOR": + +* Provide an advisory, non-binding vote on the compensation of our named executive officers (**For**) + +On the voting matter of the Ratification of Appointment of Independent Registered Accounting Firm, I would like to vote in favor of the Board's recommendation of "FOR": + +* Ratify our audit committee's appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending January 29, 2022? (**For**) + +In the event that there are other voting matters that I have not addressed in this email, I would like to vote in favor of what the Board recommends. + +I would like to be informed when my instructions have been processed. + +I hope to hear from you soon. + +Kind regards, + +**X** + + End of template. + +# VOTE NOW IF YOU HAVEN'T DONE SO YET!!! + +# CONTACT YOUR BROKER, DO NOT WAIT ANY LONGER!!! + +# MAKE SURE YOU HAVE ENOUGH FUNDING IN YOUR ACCOUNT FOR ALL LISTINGS YOU OWN SHARES UNDER!!! + + + +How to vote with DeGiro (including template and email addresses): [https://www.reddit.com/r/Superstonk/comments/n8bq3m/how\_to\_vote\_with\_degiro\_including\_template\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n8bq3m/how_to_vote_with_degiro_including_template_and/?utm_source=share&utm_medium=web2x&context=3) + +*Not financial advice, issue voting instructions in whatever way you want to and make your own decisions, I am not attempting to persuade anyone into voting in a certain way, the template provided only serves as an example as to what voting instructions may look like.* +https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html + +Check out the graph about halfway down in that article. It's revelatory. + +If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day capturing all of the net after-hour gains your cumulative price gain would be 571 percent. +On the other hand, if you had done the reverse, buying the E.T.F. at the first second of regular trading every morning at 9:30 a.m. and selling at the 4 p.m. close, you would be down 4.4 percent since 1993. + +I had no idea of this fact and thought it was quite interesting. + +credit to u/doublecastle for posting this on r/stocks +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, last week was everything I could have hoped for. Between a fantastic earnings report, incredibly strong DRS numbers, the shareholder meeting, ballooning borrow rates, and FUD on a scale not seen before, we are clearly on the right path. The board now has a shareholder mandate to split the stock, but has indicated that they will do so when the opportunity is right. This is a great way to approach it. The pressure on the shorts builds each day, and we've seen evidence that their struggle gets more desperate each day. As the fire builds below them, the GameStop board is standing by with a can of rocket fuel, ready to toss it in. + +As we continue to closely watch borrow rates climb and upvote DRS posts, let's take a moment to appreciate this global community that unites around this company. Our Diamantenhände make this all possible. + +Today is Monday, June 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: **$134.87 / 125,69 €** *(volume: 1187)* +- 🟥 115 minutes in: $134.82 / 125,65 € *(volume: 1143)* +- 🟩 110 minutes in: $134.84 / 125,66 € *(volume: 1143)* +- 🟩 105 minutes in: $134.77 / 125,60 € *(volume: 1141)* +- 🟩 100 minutes in: $134.72 / 125,56 € *(volume: 1140)* +- 🟩 95 minutes in: $134.63 / 125,47 € *(volume: 1019)* +- 🟥 90 minutes in: $134.59 / 125,44 € *(volume: 989)* +- 🟩 85 minutes in: $134.77 / 125,60 € *(volume: 964)* +- 🟩 80 minutes in: $134.73 / 125,56 € *(volume: 964)* +- 🟥 75 minutes in: $134.58 / 125,42 € *(volume: 964)* +- 🟩 70 minutes in: $135.03 / 125,84 € *(volume: 963)* +- 🟩 65 minutes in: $134.76 / 125,59 € *(volume: 960)* +- 🟩 60 minutes in: $134.61 / 125,45 € *(volume: 944)* +- 🟥 55 minutes in: $134.55 / 125,40 € *(volume: 939)* +- 🟥 50 minutes in: $134.56 / 125,41 € *(volume: 913)* +- 🟩 45 minutes in: $134.59 / 125,44 € *(volume: 912)* +- 🟩 40 minutes in: $134.27 / 125,13 € *(volume: 530)* +- 🟥 35 minutes in: $134.26 / 125,12 € *(volume: 530)* +- 🟥 30 minutes in: $134.32 / 125,18 € *(volume: 510)* +- 🟩 25 minutes in: $134.32 / 125,19 € *(volume: 510)* +- ⬜ 20 minutes in: $134.21 / 125,08 € *(volume: 302)* +- 🟥 15 minutes in: $134.21 / 125,08 € *(volume: 302)* +- 🟥 10 minutes in: $134.47 / 125,33 € *(volume: 100)* +- 🟩 5 minutes in: $134.49 / 125,34 € *(volume: 97)* +- 🟩 0 minutes in: $134.48 / 125,34 € *(volume: 97)* +- 🟥 US close price: $133.70 / 124,60 € *($134.17 / 125,04 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.073. 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! +in high IV environment, what do you put on? for example bear call spread, bear put speard, sell naked calls, buy puts…. etc. what didn’t work as planned? + +for me, i’ve switched to delta 0.1x and shorter time frame. + +what didn’t work for me is uvxy… none of the vix products track vix it seems +I have $66,750 in school loans to pay off. I don’t have a lot of extra income right now. I’m wondering what the best advice would be moving forward as the interest doesn’t kick in again until Jan 2022. I know I should cut it down as much as possible right now but the money I’m sitting on is ideally for buying a house. This market is insane right now though. Sorry if this is the wrong place to post this. Just looking for some advice as I don’t have a lot of people around me to ask. Thanks so much! +25M. A relative has offered me a job in the mines earning around 95k per year and after 12 months increasing to 135k. 12 hour days, 7 days on 7 days off. Drive in Drive out. + +But for some reason I’m not overly keen to take it? + + +My current financial situation isn’t the greatest. +5k savings, 10k super, 50k Student loan (nz). 15k personal loan (debt consolidation). My goal in life? Own a house in the outskirts of a city. Raise some kids with my partner. Travel. Just normal stuff. + +I currently work in warehousing, in Brisbane earning 65k. Normal 9 - 5 gig. Easy stuff. + +But honestly I’m trying to see the pros and cons. The biggest pro being taking home a extra 600ish per week. Cons, working/relocating in the middle of nowhere. With that, rarely seeing family due to cost of travel. Demanding Job in a hazardous environment. + +Share your experiences please or offer advice. Or downvote lol. + +Edit: I appreciate everyone’s responses positive or negative they all help with perspective. Probably 2 major details I missed out is 1. You don’t get to stay in camp so after your 12hrs you drive home. And drive back to the mine site. 2. You have to relocate to the small mining town. 9 hours out of Brisbane. +# 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 started investing small sums of money in my mid-20's. We're talking a few thousand here, a few thousand there. I really enjoyed researching and picking who I thought the winners and losers would be, but the outcomes showed I was really just gambling and my "research" was about as in-depth as picking numbers off a roulette wheel. + +&#x200B; + +Once my investments got into the $10,000+ range, I was gambling with more money than I was comfortable with and started to move into ETFs like VTI. I really thought this would make my life easier, and the results have been much more predictable and stable. But damn, I still stress over timing in a completely illogical way. I'm now in my mid-30s and have quite a bit more invested over the years in relatively conservative ways with results I'm quite happy with... but I'm telling you, I still stress over every buy and these 1% or 2% daily swings. I know it doesn't matter. I know the math is in my favor. I still stress because that's who I am. + +&#x200B; + +I don't have a question. This is merely a cathartic post. I also want to say that I really enjoy the discussions here on /r/investing, even though I think you're all crazy for doing anything other than investing into a broad ETF. +\[GAMESTOP CORP GAMESTOP ORD SHS CLASS A\] 0A6L LSE. Showing volume started on 5/18/21 + +[https://www.londonstockexchange.com/market-stock/0A6L/gamestop-corp/overview](https://www.londonstockexchange.com/market-stock/0A6L/gamestop-corp/overview) + +Screen shot below from TradingView + +https://preview.redd.it/jfpjsimipe271.png?width=2698&format=png&auto=webp&s=d93b9f8f7210eae987b9a482eb213e61d1b505b0 + +Other tickers appearing in EU u/einat73 raises GMEUSD found in FTX. Posting screen shot to raise awareness. Not sure why there would be a recent listing on LSE +FIRST, THIS POST IS NOT PROFESSIONAL LEGAL ADVICE! + +Seeing the flocks of newcomers and those who've made some money with crypto in the past year or two, I think this is the perfect time to remind you guys that you should not mess around when it comes to cryptocurrency-oriented capital gains! + +Depending on your citizenship, your country's laws regarding capital gains resulted from cryptocurrency trade may vary. + +Below are a few tips for you, the savvy investor: + +1. Learn your local laws. This is a BIG one! Familiarize yourself with the local laws and regulations regarding cryptocurrency investing in general and tax laws in particular. +2. Keep track of all numbers. Keep track of all trades you make. Buying price, date, selling price, coin pairing, exchange, etc... +3. Now knowing and understanding the local laws and regulations, you may want to reconsider your investing strategies. Frequent VS non-frequent trading, trading fees, asset security, etc... + +* [United States](https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies) +* [Canada](https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.html) +* [Australia](https://www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/?page=2) +* [United Kingdom](https://www.gov.uk/government/publications/tax-on-cryptoassets) + + + +While this is not a full-on guide, I wanted to at least put this in some of your heads, that you may make or may have already made 'easy' money with cryptocurrencies, but always remember that the taxman is watching, even if he is quiet. + +I do understand that some coins/tokens provide more privacy than others, but the big ol' tax man is the last person you want to be enemies with. + +Edit: Added a couple of country links. + +Edit 2: Why are some of you downvoting this :/ +I recently moved to San Francisco for a job and sold my car and gone car free - it's actually been way easier than I thought! + +Here are the pros and cons: + +**Pros:** + +* I save a LOT of money - total of $300/mo + $13k lump sum selling my car + * \-$200 gas + * \-$200 insurance/maintenance/registration + * \-$100 parking + * \+$100 monthly transit pas + * \+$100 assorted lyfts +* I don't have to stress about traffic/parking/getting in an accident anymore - it's nice! +* I walk way more and am in better shape - I've gone from averaging 2 miles/day to 4 miles/day +* I have more time to read/relax during my commute as opposed to being behind the wheel +* I can go out and drink without worrying about driving home or leaving my car somewhere overnight + +**Cons:** + +* Doing errands is harder - I'm lucky I have a roommate with a car for Costco runs, but stuff like that can be a pain with no car +* Need to rent a car for day trips - luckily BART is pretty good in getting me most places in the bay but I still had to rent a car for a weekend trip to Napa +* Reliant on public transit - SF has an OK public transit network but service can be sketchy at times, which is a pain + +&#x200B; + +Overall, I would highly recommend going car-free if you have the means to. Both from a financial stance, but also quality of life :) + + +Edit: One caveat noted in some comments is that I am lucky to have a roommate with a car - this is certainly the case. However, I only ever use his car for costco runs which we do 1-2x/month. If I had to replace these with lyfts (or just not go to costco and instead go to my local market), my overall cost savings would probably drop $25-50 month, but would still come out greatly ahead. +If y'all check the other sub, the narrative is that this was only the first step. Bitcoin has a difficulty adjustment coming up (~1800 blocks when I checked last night), and that's when they're hoping to "strike" and send BTC into a "death spiral." (Using their language here.) + +Remember that Ver moved a huge sum of BTC to an exchange recently, but didn't sell. Seemed puzzling at the time, but I'm wondering if he's waiting for that difficulty adjustment to try and influence the price. Just a thought. + +Anyway, good to keep an eye on what's going on over in our neighbor's yard as this situation continues to unfold. And I say "neighbor" purposefully -- I wish both camps could follow their individual visions for the two coins in relative peace. However, from reading the other sub it's pretty clear that their end game is (using their words again) to send BTC into a death spiral. + +EDIT: For those asking, I originally tried to link the the post I'm referencing, but the post was removed by the automod for violating Rule 4 in the sidebar. Here's the link: https://np.reddit.com/r/btc/comments/7cibdx/the_flippening_explained_how_bch_will_take_over + + +It has been a while since I have made a post regarding my efforts to stream and build a community of traders over at Twitch. I have been streaming for 3 months now and things are just now starting to take off. We have over 150 followers and there are multiple new streamers joining the effort. + +If you are interested in sharing your ideas, watching live trades, or just hanging out, stop by. I stream from 5 a.m. CST in the US for about 6-8 hours Mon- Fri. + +https://www.twitch.tv/ghostdigg/profile +X + +I think it’s important that traders (especially new traders) know what is expected of them and what to expect from the markets. + +Prop firms and social media have you thinking that 10% a month or so is easily achievable, and yes maybe for the top 2% of traders it is, but these are either masters at the game, who are risking less than 1%, maybe even 0.5% per trade along with years of experience, consistent experience, or simply someone who is over leveraging and doesn’t mind losing the account. + +You should not be thinking you need to make 10% every month, that is a large amount, and prop firms expect you to over leverage yourself to reach this, it’s their business model. It seems achievable, especially when you look at their leaderboards and traders on social media claiming massive returns. + +If we look at the top 2 funding firms, FTMO and MFF, they only expect you to make 2.5% a MONTH within 4 months to scale your account, what does this tell you? When you manage to pass their stages, and you’re managing their real funds, you are expected to deleverage, lower your risk appetite and aim for a more appropriate and ‘realistic’ target. + +Again, I’m not saying 10% is impossible, all you have to do is look at the leaderboards. But you also have to consider, the majority of people on these leaderboards are risking massive amounts per trade, they probably have other accounts using a lot less risk and so don’t mind if they lost this account, and they are also masters at their craft. + +You should be focusing on creating a consistently profitable strategy, one that follows simple market principles that have stood the test of time, doesn’t have large periods of drawdown and risks a minimal amount of your account. +As the last of our kids leave the house, we're thinking about downsizing to a lock-and-go place, 2-3 BR. We've seen Ritz Carlton Residences in some of our frequent haunts. I'm curious what experience the folks here have had in terms of value/amenities with these properties as owners, versus a more run-of-the-mill high-end condo building. There are few RC Residences close to completion in the US (Scottsdale, Portland, Newport Beach to name a few). + +I've never owned a condo, let alone one within a 'hotel/resort'. If we wanted to spend a year overseas, can they be rented/leased to other parties, or do the covenants restrict that? If desired, can they be put in a rental pool? How does valuation float on condos in new builds versus a few years down the road? There must be some strain on the new builds these days with present interest rates/macroeconomics, so perhaps some deals to be had or coming in the next 6 months. + +Appreciate any experiences in this segment in general as well (*e.g.* Fairmont Residences). +I bought my first SFH rental in June. Current tenant signed one year lease 3 months ago and is now wanting to buy the property. Even got pre-approved for a VA mortgage. Rough numbers I paid $110k with 20% down, closing costs $5k, no real rehab costs. Sounds like they will pay whatever within reasonable market value. I think I could get the house to appraise at $135k- $140k. VA process may also require some rehab costs. + +Other than screwing up my long term strategy, any reason I shouldn’t sell? +Hey guys, my wife and I are starting to save for a house here in Adelaide and we are looking around the price of a $600,000 home, we would like to be able to put 20% down to avoid paying LMI. I'm earning 64k a year including super and my wife is earning 55k a year which includes super. We currently have $20k saved. + +Our strategy is to live off my wife's income and save everything I earn. We are currently living at my parents paying $150 a week board. My parents fully own their home and have suggested about them going guarantor for us to get a home but I don't really know much about how guarantor works and I don't think my parents really do either. + +Do you think our strategy is a good way to save for a home? Should we go the guarantor option? Any other advice would be greatly appreciated :) +It may just be bias from what I've seen but people don't seem to utilize the food bank. It is there to provide food. You don't have enough food? Go to a food bank. They even have special thanksgiving and christmas hampers that come with coupons and toys. + +And if you are worried that you aren't poor enough? Don't. I've volunteered at food banks and they'd rather have 100 not poor enough people than a single person skipping the food bank due to shame or guilt. + +You don't have to suffer eating beans and rice. There I help out there. Not to mention that most food banks also provide additional services like paying an odd electric bill or helping you interview. + +Edit: I have had my eyes opened about how much bullshit most food banks are. The ones I've used/volunteered at have been a completely different experience with decent food, delivery to those unable to go on person and may only be open for a few hours but it's in the evenings. I am so sorry for all those who have jumped through so many horrible hoops. +I get it, we all have plans on what we'll do with the money, we all have things we want to buy, lives we want to make better, family members we want to help, and freedom from the constant stress of jobs we hate and bills we have to pay, I'm no exception. We want this to happen today, and if not today tomorrow at the latest. + +&#x200B; + +It's been a long slog ya'll, I bought in January during the initial spike and have had my eyeballs glued to these subs and the ticker every single day since I first hit that "buy" button and will continue to do so through the squeeze and even after, but I think we need to take a step back and get a little perspective on all of this. + +&#x200B; + +Everyone might know me as the artist who painted "The Birth of Ape" and I'm doing what I can to add to the morale around here and can proudly say that more than one wrinkle has been formed in this smooth gray lump of a mind from what I've read and seen here but I think a lot is getting lost in all of this technical analysis, MACD's, catalysts and potential catalysts, tweets, shills, FUD, misinformation, completely arbitrary floors, dates, price manipulation, the list is nauseating to be honest because there is one simple truth to what we are doing here. Hold your goddamned shares until the price makes you say "oh my" and commence selling when it starts to go down. That's it. + +&#x200B; + +Personally, I embrace the floor being 10 million and in my head, that's where it sits, but the truth is, no one fucking knows. Not you, not me, not the Pope nor anyone alive or dead on this planet can say what exactly this is going to do once it pops off because this has never and will never happen again. There's nothing to measure it against. That being said there is one thing on the horizon that will be what sends us off into our galactic cruise. It's been talked about again and again in multiple DD's and gets mentioned every so often and it's now one of the only things I can stand to read about when they do pop up. The pending DTCC regulations and the SEC approval process for them. + +&#x200B; + +One thing I want to clarify and one thing you would know if you read even a single DD from u/atobitt, this whole deal stopped being about GME a long, long time ago and you and your tendies are not in anyone's priorities, at all. The SEC, the DTCC and its entities, the banks, the hedge funds, the U.S. and world governments have been playing a very dangerous and very illegal game for decades knowing that they would get away with it because no one has the power or means to bring them to justice. That is until a bunch of simians decided to be funny and pull the pin out of the grenade because ape want lambo. Now if you think they're going to just roll over and let it wipe everything out you need to go back to the beginning of every single sub and start reading again. This is the controlled demolition of the entire foundation of the global economy. Again, this isn't about GME or what you want or a MOASS or any other thing your smooth brain will postulate. GameStop is THE PIN IN THE GRENADE and that fucking thing will not be ALLOWED to explode until they have done absolutely everything in their power to save themselves as much as they are able to, you and I are the sole beneficiaries to the destruction and if you think a goddamned MACfuckingD crossover or shareholder vote is going to send this off then you haven't been paying attention have you? + +&#x200B; + +We are waiting on these things. PERIOD. + +&#x200B; + +OCC 2021-003 + +&#x200B; + +OCC 2021-004 + +&#x200B; + +NSCC 2021-005 + +&#x200B; + +NSCC 2021-002 (also known as NSCC 2021-801) + +&#x200B; + +And whatever else they decide to vomit up to protect their wretched asses. + +&#x200B; + +Now as far as I know the farthest off of these regulations is OCC 2021-003 (it might be 004) to May 31st because of shitstain Susquehannas objection to it, but it might be sooner than that if the SEC decides to remove its proverbial thumb from out of its proverbial asshole and DO something, but that is out of our control. So we wait. I just want you all to know that the sideways trading is not because of anyone's manipulation, there are no short ladder attacks, Ken Fucking Griffin isn't rubbing his hands together and twirling his mustache in a dark room hoping we'll sell. The powers that be KNOW we aren't going to sell. The price is at max pain because the regulating powers have kept it there for months and you can pinpoint when they did take control, go back and correlate when the DTCC regulations started being proposed and when we started going sideways, hmmm? THIS IS A CONTROLLED FUCKING DEMOLITION. + +&#x200B; + +So in short, cool those jacked tits, smoke a joint, drink a beer, play a game, we'll get our tendies but you have to remember that all the players in this epic greek fucking tragedy don't give a single shit about you and what YOU think should happen or what the tea leaves tell you (and seriously, reading tea leaves would be of more help than these "technical analysis" posts that plague our sub, jesus people.) Have patience, bookmark the DTCC and SEC websites and look at the regulation and update pages obsessively as I do, and for God's sake let's use this beautiful sub and our rapt audience to boost morale and \*gasp\* laugh, not give false hope because "I kNoW WHy tHe prICe iS mOvINg siDeWAyS bEcAUsE i HavE a SeCReT pOWer". Buy, hold, wait, done. + +&#x200B; + +Not advice, I ape. +Starting to get frustrated by the process. + +Too many times now I get a positive test and it doesn't work in real life. + +Many traded by hand, spreadsheet based systems. + +Others, code based and executed, run live and slippage eats it up. + +Now I have one where slippage is non-existent, but it just lost 4/5 days this week, and on the backtest that should never happen. On the backtest it barely has a losing day, ever. + +So like, I'm making progress, but still getting nowhere. + +FFFFuuuuuuuuuuu......nnn +Hello and good morning to all you wonderful Apes and Apettes! + +With rumours of Marge a calling in the air, something just feels different this morning; so I'm taking the plunge to post this checklist on a weekday instead of this weekend. Be aware that this is non-technical in nature and a very long post, so you might want to open in a new tab if you're better off getting ready for work. TL;DR in meme form at the end! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +There are *responsible* things you need to start thinking about before, during and after the rocket takes off. Why? Because people who are known to have $$$ (e.g. announced they won the lottery) have grandkids kidnapped and threatened and worse. Some winners are killed. You probably want to read [this](https://www.ar15.com/forums/general/-/5-749519/?page=1) (<- is OG source; reposted on [Reddit](https://www.reddit.com/r/AskReddit/comments/24vzgl/comment/chba4bf)) and start taking it seriously. Yes it's long, but don't worry, I summarized... but then needed to add good stuff so it's still long! Sorry, not sorry! This is **IMPORTANT.** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Before Rocket Launches + +ONE. ⚠ **Don't tell anyone you haven't already** ⚠. Anoymity is your first and best defence. Be the millionaire next door that no one realizes is a millionaire. A Lambo, other than a rental experience, does not help here. + +Have a look at this 20s video: [https://www.reddit.com/r/Superstonk/comments/n1t3xo/this\_is\_how\_i\_picture\_the\_mods\_when\_a\_particular/](https://www.reddit.com/r/Superstonk/comments/n1t3xo/this_is_how_i_picture_the_mods_when_a_particular/) + +This was an attempted kidnapping. Would you be able to respond like that? Would your spouse? Your kids? Do you want to live in a mindset where you need to be constantly aware of a building's entries, exits and where your back is facing? Proper security for **known** ultra-high net worth people includes things like bullet proof armored Merc with entourage picking up kids from school, significant home security, alarm dog, personal weapons and people watching (behaviours). + +Starting to get uncomfortable? Good. Now go read that first link in the post you skipped. + +Apes have reported getting 'offers' like: "I am sending out free headbands - just fill out the form with your info and I will mail it out!" - This is a scam. Giving them your info tells them a) You fall for this shit b) Your name & address and c) That you likely own shares. None of this is consistent with rule #1. + +Free Superstonk stickers or purchasing MOASS items from anywhere online other than GameStop also falls under this 'offer'. Even if the vendors are legit, the info can be sold to a 'marketer' or hacked. + +Have you been threatened? Report it! But Apes also have your back: [https://www.reddit.com/r/GME/comments/mcwdi1/fear\_for\_safetydeath\_threats/](https://www.reddit.com/r/GME/comments/mcwdi1/fear_for_safetydeath_threats/) + +&#x200B; + +TWO. Did you break Rule #1 before you knew it? + +Figure out a good line \~> "I sold too \[soon/late\] and missed the peak, but I made enough to pay off my car and mortgage" This is good because it is understandable and likely to be true - the "*and never work again*" is silent. Practice telling it to the mirror because you want it believable. + +Does your Reddit Avatar look like you? This is an easy fix. + +&#x200B; + +THREE. BROKERS: Add your kid(s) or parents to your brokers' " account beneficiary" list. Check out your broker's sell limitations ([https://www.reddit.com/r/Superstonk/comments/ml2lnw/28\_and\_counting\_brokers\_and\_their\_sell/](https://www.reddit.com/r/Superstonk/comments/ml2lnw/28_and_counting_brokers_and_their_sell/)). + +Make sure you're not using a broker that had issues in January. Yes, the day after in Jan was the best time to transfer, but I personally wouldn't trust RH not to choose a nice sub-1k price to sell my shares at. Check the agreement - I've heard that they have a clause that lets them sell without your permission 'To protect' clients... Here's the reference you need: [https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + +Consider printing out records and receipts. PDFs are good, but paper may be better. This is your proof you own shares on a given date in case of ultimate fuckery (not an excuse to stay with RH!). + +&#x200B; + +FOUR. Time to level up your IT security game. + +[We follow the Red Queen!](https://preview.redd.it/iawt09gp7vy61.png?width=416&format=png&auto=webp&s=1bfb168406f79d4ec2a8933e76572e2281a7e136) + +Make sure you have 2FA or MFA enabled for your important accounts. + +What's a VPN? It protects your IP (which tells people your general location) and encrypts your data so 'people' who may be trying to listen in can't see your info. + +[https://www.reddit.com/r/Superstonk/comments/n38nw1/ysk\_what\_a\_vpn\_is\_and\_isnt/](https://www.reddit.com/r/Superstonk/comments/n38nw1/ysk_what_a_vpn_is_and_isnt/) + +[https://www.consumerreports.org/privacy/how-to-choose-a-vpn-for-digital-privacy-and-security/](https://www.consumerreports.org/privacy/how-to-choose-a-vpn-for-digital-privacy-and-security/) + +[https://www.pcmag.com/picks/the-best-vpn-services](https://www.pcmag.com/picks/the-best-vpn-services) + +[https://www.reddit.com/r/Superstonk/comments/ndv72x/guard\_your\_identity\_you\_fools\_how\_to\_prevent/](https://www.reddit.com/r/Superstonk/comments/ndv72x/guard_your_identity_you_fools_how_to_prevent/) + +Don't re-use Passwords. See this comic for good ideas: [https://xkcd.com/936/](https://xkcd.com/936/) + +Make sure your browser (Chrome, Firefox etc.) is up to date. Chrome has had a number of 0d attacks in the past couple of months. Make sure your OS (e.g. Windows) is fully patched too. + +&#x200B; + +FIVE. Power to the Players! Voting & Reporting is the filter for the HiveMind - whenever you upvote good content and downvote or report inappropriate material, you are making a difference and making this sub a better place! + +&#x200B; + +SIX. Start researching likely Lawyers and Accountants you will use post squeeze. You want BIG firms who will have no idea who you are, other than their paycheck. Fee-based, not commission based. + +Lawyers (Trusts and estates, wealth management, and tax law) and Accountants (of the tax or personal type) should not be local (unless you live in a capital city) - they should be used to dealing with the figures you will have. + +This is a useful post with more info - US based, but a lot can be translated to other countries: [https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass\_an\_indepth\_examination\_of\_financial/](https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass_an_indepth_examination_of_financial/) + +&#x200B; + +SEVEN. Write a will, or at least start thinking about it. Also look into revocable living trust and charitable remainder trust. A will is cheap to create, but you get what you pay for. Make sure your documents follow your local rules about how they need to be prepared. You want to get it right the first time. + +&#x200B; + +EIGHT. Figure out your likely tax rate and write it down. + +&#x200B; + +NINE. Write down your exit strategy. Yes, I mean on paper. Psychology says writing things down helps you remember things. Maybe even make it like a contract with yourself to prevent paper handing. Consider selling SLOWLY, and I mean FUCKING SLOW. Don't Leroy this on us. + +Here's two important DDs on a non-Reddit site that you could leave open in new tabs: [https://web.archive.org/web/20210309074023if\_/https://www.reddit.com/r/GME/comments/m073v6/exit\_strategy\_dd\_a\_comprehensive\_guide\_to/](https://web.archive.org/web/20210309074023if_/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/) , [https://web.archive.org/web/20210319103103if\_/https://www.reddit.com/r/GME/comments/m0r4kg/gme\_exit\_strategy\_here\_is\_what\_i\_not\_we\_i\_am/](https://web.archive.org/web/20210319103103if_/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/) + +Other references from Rensole's 4/20 daily post: + +[https://www.netpicks.com/trading-exits-vital/](https://www.netpicks.com/trading-exits-vital/) + +[https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp](https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp) + +[https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208](https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208) + +[https://www.jumpstarttrading.com/trading-exit-strategies/](https://www.jumpstarttrading.com/trading-exit-strategies/) + +&#x200B; + +TEN. Figure out which stocks you like less than GME, but would want to buy if the stock market happens to go onna fire sale when GME makes moon trip. Boring Boomer things good here. e.g. Vanguard Index Funds. Best bet is things that go down lots but still decent companies. Don't buy Apple if market is down 30% and Apple is down 1.3%. The FIRE guys at [r/financialindependence](https://www.reddit.com/r/financialindependence/) are boring but have good advice. Other 'interesting' subs include [r/dividends](https://www.reddit.com/r/dividends/), [r/fatfire](https://www.reddit.com/r/fatfire/) and [r/bogleheads](https://www.reddit.com/r/bogleheads/). + +&#x200B; + +ELEVEN. Figure out how much you need to put aside to live on its interest. Here are some good resources: + +[https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/](https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/), + +[https://www.reddit.com/r/GME/comments/mhetrj/exit\_strategy\_planning\_for\_getting\_passive\_income/](https://www.reddit.com/r/GME/comments/mhetrj/exit_strategy_planning_for_getting_passive_income/), + +[https://www.reddit.com/r/GME/comments/mefwc7/what\_to\_do\_with\_your\_tendies\_from\_a\_financial/](https://www.reddit.com/r/GME/comments/mefwc7/what_to_do_with_your_tendies_from_a_financial/) + +&#x200B; + +TWELVE. Start writing down what you want to do after. e.g. Big # minus taxes, minus your new retirement fund, then figure out percentages for the remaining. How much to family? How much to charity? How much to cool stuff? How much to reinvest in GME? + +&#x200B; + +THIRTEEN. Start thinking about what you want to do in the future. Like, 2 years in the future after you've finished partying. Typically, humans like to have a purpose. Do you want to start a biz? (Warning! Lotsa work! Recommend this book: [https://fixthisnext.com/](https://fixthisnext.com/)) Work for a Charity? Change politics? + +&#x200B; + +FOURTEEN. Look into identity theft protection measures. Check out the content from Michael Bazzell - How To Dissapear Online and elsewhere. Do IRL peoples know your Reddit handle? Do you use your Reddit name elsewhere? Maybe it's time for a change. There's a reason this account was created in the end of Jan... + +&#x200B; + +FIFTEEN. Clicking the 'Save' button right below will make this easier to find for future reference. + +&#x200B; + +SIXTEEN. Figure out what self-care and mental prep works best for you (PMR works great! Used it before I knew what it was...) : [https://www.reddit.com/r/Superstonk/comments/mrqgtg/an\_apes\_guide\_to\_selfcare\_and\_anxiety\_management/](https://www.reddit.com/r/Superstonk/comments/mrqgtg/an_apes_guide_to_selfcare_and_anxiety_management/), + +[https://www.reddit.com/r/Superstonk/comments/mr12dk/mf\_moass\_level\_up/](https://www.reddit.com/r/Superstonk/comments/mr12dk/mf_moass_level_up/), + +[https://www.reddit.com/r/Superstonk/comments/mnfmrh/it\_is\_time\_we\_must\_fully\_prepare\_ourselves\_for/](https://www.reddit.com/r/Superstonk/comments/mnfmrh/it_is_time_we_must_fully_prepare_ourselves_for/), + +[https://www.reddit.com/r/GME/comments/lzxbzm/be\_adamant\_some\_reminders\_for\_managing\_behavior/](https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/) and the sequel: [https://www.reddit.com/r/Superstonk/comments/ndrukr/update\_be\_adamant\_may\_edition/](https://www.reddit.com/r/Superstonk/comments/ndrukr/update_be_adamant_may_edition/) + +Amazingly positive guru (exercises for any level of fitness): [https://www.reddit.com/r/nextfuckinglevel/comments/na7qfy/this\_guy\_talking\_about\_pushups\_fitness\_is\_a/](https://www.reddit.com/r/nextfuckinglevel/comments/na7qfy/this_guy_talking_about_pushups_fitness_is_a/) + +&#x200B; + +SEVENTEEN. Have a plan for reasonably forseeable events. What if a cell tower goes out? What if you lose power? Do you own a powerbank? Is it charged? Does your car have gas in case power in your city goes out and you need to travel to get internet? What if you need to reset your OS and lose a password manager? Do you remember your account logins? + +&#x200B; + +EIGHTEEN. Read up on Shill tactics - this is serious money so of course they're spending to fight the squeeze: + +[https://www.reddit.com/r/Superstonk/comments/mscsb5/putting\_shills\_on\_blast\_a\_concerned\_biznessman/](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/), + +[https://www.reddit.com/r/GME/comments/m1oc5u/shill\_tactics\_a\_classification\_based\_on\_infection/](https://www.reddit.com/r/GME/comments/m1oc5u/shill_tactics_a_classification_based_on_infection/) + +If shills are saying "You can't beat WallStreet at their own game - you're not smart enough", remember the long institutional holdings that are on the same side. People at BlackRock, Fidelity and Vanguard are also pretty smart and appear to hold around 23M shares. + +Here is useful information about negotiation tactics to also keep in mind: + +[https://www.reddit.com/r/Superstonk/comments/n12o03/are\_you\_prepared\_for\_the\_biggest\_negotiation\_of/](https://www.reddit.com/r/Superstonk/comments/n12o03/are_you_prepared_for_the_biggest_negotiation_of/) + +&#x200B; + +NINETEEN. Learn to Read (the Bloomberg Terminal) + +[https://www.reddit.com/r/Superstonk/comments/ml9faf/how\_to\_read\_the\_bloomberg\_terminal\_by\_smooth/](https://www.reddit.com/r/Superstonk/comments/ml9faf/how_to_read_the_bloomberg_terminal_by_smooth/), + +[https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial\_statistics\_101\_how\_to\_interpret\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial_statistics_101_how_to_interpret_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +TWENTY. Pick out the colour of your new car (or bike for those in the Netherlands - ❤ from 🍁) + +&#x200B; + +TWENTY-ONE. Eat properly (credit to u/deleted...): + +[Exceptions for Ramadan foods granted.](https://preview.redd.it/y6mmqe0t7vy61.jpg?width=500&format=pjpg&auto=webp&s=76dae8b4dc6b45287a74d05766843bfcb9073dcb) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# During MOASS Launch + +ONE. Remember Rule #1? Don't tell anyone you haven't already. Anoymity is your first and best defence. Consider the risk of quitting your job and buying shiny things. Abruptly quitting will cause people to ask questions. Best to ease into it (GME Mooning + "I'm outta here" = cover blown) or have a reasonable answer before you pull the trigger. + +&#x200B; + +TWO. Monitor yourself for symptoms of medical shock. I'm not talking about vibrating from excitement here. These [include](https://www.betterhealth.vic.gov.au/health/ConditionsAndTreatments/shock): + +* Pale, cold, clammy skin +* Shallow, rapid breathing +* Difficulty breathing +* Anxiety +* Rapid heartbeat +* Heartbeat irregularities or palpitations +* Thirst or a dry mouth +* Low urine output or dark urine +* Nausea +* Vomiting +* Dizziness +* Light-headedness +* Confusion and disorientation +* Unconsciousness. + +This can be fatal if it turns into a heart problem. Take it seriously. Be pro-active and call for help before it reaches unconsciousness. + +&#x200B; + +THREE. Locate your exit strategy. Follow it. + +&#x200B; + +FOUR. Practice the Self-Care that works for you. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# After Moon Landing + +ONE. First rule also applies here. Keep a low profile. Remove social media posts that have your face in connection with owning GME. I will be removing the 'X' badge from my Tesla Model X for instance - this disguises it as a Model Y, which is around half the price. + +Be on the lookout for extortion attempts, dating, desperate pleas for help, kidnapping, identity theft, friends with ulterior motives, invasion of privacy, etc. (People buy flight manifests to learn of high value targets [https://tim.blog/2020/02/02/reasons-to-not-become-famous/](https://tim.blog/2020/02/02/reasons-to-not-become-famous/)) + +Be careful of your postings of you are doing good deeds in your real name. You could get tracked if there is a report in a newspaper or something alike. + +&#x200B; + +TWO. Celebrate, but in a restrained way. Fancy Dinner? Maybe you want to eat some 🎶[Kraft Dinner with that Fancy Dijon Ketchup](https://www.youtube.com/watch?v=aynCgnbbgbM)🎶? (sorry I know you like Ramen better, couldn't resist) + +&#x200B; + +THREE. Start contacting lawyers (boutique or firm with lawyers covering different areas), accountants, 'umbrella' insurance (particularly for you American Apes out there - don't lose your tendies because of a staged accident!) + +&#x200B; + +FOUR. Is stock market onna fire sale? Maybe reinvest tendies on sale stocks! If you're moving tendies into your bank, be sure to call them first to advise them that the MOAD (Mother Of All Deposits) will be arriving in the next few days. The last thing you want is your assets frozen because the bank thinks something is suspect. + +&#x200B; + +FIVE. Don't tell people until lawyer is onboarded and advising you for your unique situation. Also, always get second opinion when talking to lawyers, financial advisors, etc. These guys can smell new money from a mile away and will try to take advantage of you. If you are not married and headed towards a long-term relationship, ask your lawyer about a pre-nup. + +&#x200B; + +SIX. Have accountant give you value after taxes and retirement fund. Start to work your plan. + +&#x200B; + +SEVEN. Is medicaid a factor for you or a loved one? Look into Special Needs Trust. [https://www.investopedia.com/terms/s/special-needs-trust.asp](https://www.investopedia.com/terms/s/special-needs-trust.asp) + +&#x200B; + +EIGHT. Attend 1 year anniversary of the MOASS / bankruptcy filing of Shitadel. Wall Street likely too obvious and potentially a target. I am thinking Disney's Animal Kingdom best. Pretty sure they sell chicken tendies there. Wear a cryptic T-Shirt so we can do selfies together. + +&#x200B; + +NINE. Be careful of drugs! Cocaine is glamorized in a ton of finance movies and is fun, but also harms your impulse control, is insanely addictive, and is expensive. Picking up a drug habit because you can afford one suddenly is a great way to lose your tendies. + +&#x200B; + +TEN. Take care of yourself, your loved ones and go forth and make this world a better place! Don't forget to post about your good deeds here! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[u/Jamie-Vu](https://www.reddit.com/u/Jamie-Vu/) had a great point that I'm going to quote: + +>But for those of us who want to use this money to change the world for the better, I think we need a big push to get organized in the aftermath, like a grand council of apes. Maybe combine it with the inevitable collosal meetup party we all talk about.We need to put together a think tank/foundation/lobbying group. A combined force that can hire scientists, researchers, experts in every field to help guide us through the process of fixing our world without fucking anything up despite our best intentions. It's a big ecosystem but our strength together is unquestionable when we focus all this energy in the same direction. + +I completely agree. Apes together are going to make this world better! + +I've had a brief discussion with someone who has Disney contacts, and they think Disney would be happy to be paid to host an annual MOASS event (in the evening; may not be feasible for the entire day - but you can pay $$$ to have an exclusive tour where they take you to the front of the lines...). I'm imagining that we could set up stalls with all the different charity ideas and have people from those charities that we could directly talk with and ask questions of. Apes could pitch their ideas for changes or new charaties to fellow Apes... I want to start planning this NOW, but I still have to get my day job done... + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +A Shameless Plug for Canada🍁 + +Canada has an investor class option for immigration! See [here](https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/start-visa.html) for the "Start-up Visa Program". + +Canada has generous supports for people who were/are unemployed due to COVID - we may argue, but in the end we want to take care of eachother and do the right thing. + +Ottawa, Ontario is Canada's capital. It's a beautiful, safe and diverse city of 1M with a lot of cultural things to do with the museums and stuff. Solid education with a few universities/college in town on the rapid transit line. People here are also generally nice to eachother - almost like the fellow Apes in this sub. Having money also won't make you stick out. 😘 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Please point out what I am missing. I promise to read every main comment reply (e.g. the ones I get the notifications for) and edit the post to add the things I'm missing or refine what's above. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +The diversity of backgrounds, here in our self-correcting hivemind superstonk sub, is our **strength**. + +Geologists and Engineers. + +Lawyers and Judges and Accountants. + +Flooring Installers, Retail and Small Business Owners. + +💖 Doctors and Nurses 💖. + +Farmers, Movers of Forklifts and Manufacturing. + +Bankers and Financers and Personal Finance Apes. + +Fire Fighters, Coast Guard, Law Enforcement, Military, and Drug Enthusiasts. + +Reposession Agents, Call Centre Workers and Sanitation Workers. + +Painters, Interior Designers, Artists and Clowns. + +Parents, Grandparents and Kids looking out for their Parents. + +The Movie Industry, Journalists, Rocket Scientists, Data Scientists, Data Architects and Computer Wizards. + +Students, Entrepreneurs, Photographers, Contractors, Architects, Electricians and Religious Peoples. + +Mental Health Experts and Game Theorists. + +GAMERS 👊 and Reddit and [4Chan](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/). Together. Y'all really have no clue what you've done, eh? + +[I'm Very Pleased With My Investment!](https://www.reddit.com/r/Superstonk/comments/mpf9bp/market_psychology_of_apes/) + +Apes Together Strong! + +🦍🦍🦍🦍💪💪💪 + +# TL;DR (credit to [u/I\_RAPE\_GLITTER](https://www.reddit.com/user/I_RAPE_GLITTER/)) : + +[Welcome to Rich People Problems...](https://preview.redd.it/uhcedma08vy61.jpg?width=700&format=pjpg&auto=webp&s=e6f98bcdccf8e3e5db2891b07cb6a072d774b7d0) + +💎🙌🚀🌝🐒👩‍🚀 + +Final Note: This is mostly a repost, so save your $$$ for this tasty GME Dip and feed me a 🖍 in the comments if you like what you see. +I'm curious what you guys think will actually move the needle this year, not from an investor perspective, but actual users. + +Is there any crypto related sites you're using on a daily or even weekly basis? I think adoption is coming this year, I'm just trying to figure out where first. +$53 medication rung up at the counter at $18. I almost said something. My hands were shaking as I unlocked my phone to pay. + +But I was down to my last $150 and if I have to choose between ripping off a nation wide pharmacy or being able to buy more groceries then I chose me. +I'm fairly new but trying to absorb as much as possible. I"m a newbie and I'm trading Ford and GE. As the OP directs, I look for selling puts that have 70% profit chance. But I'm only getting 15% annual gains. + +Some people claim 25%. I think some Youtuber is claiming 50%. + +Any pointers? +I've spent a lot of time thinking about (and simulating) options selling and in general, having stumbled upon this community recently, I've noticed the below trends which I've found a bit jarring: + +* 45 DTE is suggested as a nice selling point as theta decay is starting to accelerate at this point. However, if the liquidity is high enough, surely something like a week to expiration is better as theta decay will be even higher? Obviously this requires something with weekly contracts, but in such a case you can burn far more theta selling six 1 week to expiration positions in a row than when selling one every 45 days. Even ignoring weekly contracts, which are less common, most things will have monthly options so 30 days would be a more rational default (12 trades a year vs 8). + +* The profit target. Why set a target of max profit to take (e.g. 50% on a strangle)? This seems like a way of making your broker rich. Just hold it to expiration and see through your original thesis. + +* Rolling the tested or untested side. This seems to be derived from some sort of loss aversion psychological issue. You can't conjour profits out of the air by moving up or down, you're always trading one pay off for another. Your position should be sized that even if it blows up it doesn't require active intervention. Yet again, this seems like another way of making your broker rich. Just hold it to expiration and see through your original thesis. + +I get the feeling everyone has been overly influenced by the Tasty Works videos. I'm very interested to hear your views though. +For those who are new to investing in crypto - do know that we are on the meme phase cycle. Almost 99% of the tokens that you see coming out are all memes - some on DxSale, some "fair launches" \*laughs\* , and some just straight up long cons. Most of the real companies like DxSale, PancakeSwap, QuickSwap etc., have had their run of ICO's themselves during 2020 summer. You are late to the party and missed the big real company presale runs. However, fear not - more will come in 2021 summer or after a small cryptocurrency crash. The following is a quick research guide I made for beginners who are crying because of the dumps and scams. Believe me, this is not new to crypto, we have seen this back in 2017 as well. + +&#x200B; + +**Research guide for idiots for any presale regardless of DxSale or Not:** + +* Team token % - if its way too high , expect a dump. +* Doxxing - If theyre not doxxed , expect a dump (not all anon teams are bad i.e DxSale themselves) +* Road map - If the road map is just tiktok marketing, NFT, charity, that aint real road map. The road map for charity should be partnering with charity foundations, thats a real roadmap. Proof of donation, thats a real charity road map. Tiktok marketing, and NFT are fake hypes. +* Token Contract: + * Minting function - not all minting function is bad, depending on the reason of the mint. Could be for farming but you have to really know if that is what it is for. + * Transaction fee - If the transaction fee is changeable on the fly, they can change the transaction fee to 100% and just pause you from taking money out while they dump and take money out from Pancakeswap regardless of liquidity lock on DxSale. Thats not Pancakeswap or DxSale's fault, thats your fault for not knowing transaction fee is changeable on their custom token contract. + * Ownership - If the token contract ownership is not burned, that can be dangerous depending on the contract. + * Liquidity Pool transaction fee to wallet - If the owner is receiving the liquidity pool fees from the Pancakeswap trades, know that it can be used maliciously. They can pull the money out. Now - safemoon contract (which is now copied by 99% of the tokens) can do that 100% , you have been warned. + * Ctrl+F searching for function name is not effective, they can hide a "minting function" under let's say "math function", advanced scammers know this. 99% of scammers are noob scammers who are asking for help from real developers in the various telegram chats. They won't scam with fake functions. +* Utility/dApp - I see alot of coins now show a demo of the utility. When you go on their website you easily see that their dApp doesn't actually work. Few of these companies use this as a long con to get the most money possible. +* Do not Fomo into this hype - most hypes are by the people who fomo'd in before you. +* If you are using DxSale, make sure you look at the presale metrics of the presale you are interested in. Make sure you click the token contract on top of the page and read it. Read it because your investment depends on it. If it's a launch in 2 minutes and you have no time to read it, do not put your money in because then you will come back in this reddit post and complain anyway. +The are curently 30 000 calls options open between 190 and 200$. We might see some resistance at 190 because if we get those option in the money and need to be hedge, things can become very very ugly for them. + +30 000 calls represent 3 000 000 shares + +26 000 calls  options are already in the money + +56 000 calls = 5 600 000 SHARES !!!!!! + + +Violent movements are expected just with option chain without shorts covering !! + + +I really can't imagine how fu***ed they are right now. + +What we saw those 10 past days was just the warm up of the warm up, prepare yourself for Adromeda. We leave Today 🚀🚀🚀🚀 + +Edit: Source from Yahoo chain option for gamestop +I got 600.000€ as a intermediary in a bond transaction. I owe a debt of 40.000€. Don’t have any property on my name and want to invest the money in a good way. What the best way to do it? + +Thanks + So after a long few days of researching how to properly invest some of my money I've finally settled on an ETF (VWCE) and on IBKR as platform. But today when I wanted to test the waters I've faced a small issue. I transferred €200 to my IBKR account, they showed up a couple of hours later. I instantly searched for VWCE and attempted to buy 2 shares. Here's the problem. Despite a share being around €95.74, when I tried to purchase two it said I have insufficient money, and that I needed €203 in my account. So doing basic math it tried to charge me around €10 or more for the order. Which is ludicrous. I didn't give up however. I attempted to buy a single share and it only commissioned me €1.25. Then I bought the second one and was commissioned the same. + +Now I've looked through the fees and everything but it doesn't make sense to me. I'm on the tiered plan by the way. +I'm 27, from Europe, currently living in the NL. By next year I should be getting approx a 200-250k inheritance. Around 100k will come from an investment portfolio (they are invested through a bank fund similar to VWCE), the other 100-150k will come from a house, which of course I have to sell first. +I am currently sitting on 20k, mostly cash. For most of you this might not sound like much, but I am a simple person, with a low profile job and income. I have never handled "huge" amounts of money before and I never really had a proper education, either through my family or University. + +Here's what I was thinking of: + +- about the investment portfolio: I would really like to take the 100k out of the bank investment/portfolio and throw the same amount in a VWCE fund or similar for lower fees. My concern is taxation, which I still have to dig into to understand wheter or not this would be worth it. + +In conclusion, I would like to keep this amount growing for the long term, as I won't inherit anything else and I don't want to risk burning my money with either inflation or wrong financial choices. This one, to me, looks like the "safe" choice for the long term. I don't have plans of buying a house (yet?), therefore I am focusing this budget on retirement. + + +- regarding the "house money" I am a bit confused. They could serve for different purposes such as extra VWCE/general investment budget, self-development or even opening a business. + +To give some extra context: I'm currently not satisfied with my position. I have been working in sales for some years for convenience rather than preference. My results lately are not great as I'm losing the little motivation I have left. + +I have been considering to start something myself for quite some time. If I had to follow my instinct, I would love to work in the hospitality sector. This could mean opening a small café, restaurant or anything food related. It doesn't have to be in the NL. + +On the other hand, I see the above as the riskiest and possibly least rewarding financial choice. A wiser choice could be to dedicate part of the budget to learn a better rewarding profession (which is not defined yet AND, as for now, I would not consider to go back to University, but rather a faster route) and invest the rest in VT or similar. + +Lots of information and doubts, please excuse my confusion. However, thank you in advance. I do hope to get some insights :-) +Hi guys + +So I was renting a house, and I basically got injured at work and was unable to work for some time, it resulted in me building up some debt to my landlord (~£2,500), i got back on track and started working, we arranged £100 per month repayment as I planned to live there long term, he was OK with it. + +So my rent was £650 and I paid £750. After about 6 months landlord came over saying that all properties around mine had price increase and average rent is like £750, he demanded that figure + extra for debt repayment. I said that I don't believe it as I am in contact with couple neighbors and they paid around £550-600 at that time, I said that I am not going to pay £750 and will leave if he wants to, but will stick to £100 per month repayment. + +He got mad and said whatever, I asked him if I should vacate the property? He said no. + + +Then after about 18 months, when I almost repaid whole debt, he came over saying that I still owe him over £2,000 in debt? I asked him how come? I had around £2500 and was repaying him £100 every month, so I calculated that I only had 300 left. He said I was paying "rent" and wasn't repaying a single penny of debt. + +I said that we never agreed and I told him over a year ago that I will leave if he wants to raise rent to £750. He started threatening me with court and CCJs and I said that I have whole email trail where he says that I can stay in property for £650 and keep repaying £100 and where he acknowledged that. + +He told me to leave the property, I said that he can deduct remaining £300 from deposit. He gave me whole deposit and told me to leave and said "whatever" + +I just found out that he secretly put a CCJ on me? I was never aware of it, it is on my credit file and I am not sure what is the best way to get rid of it? It seems to be there for about 2 years now, I didnt take any credits or loans so wasnt aware. +Guten Morgen to this global band of Apes! 👋🦍 + +Thank you to all who joined us for the extended session yesterday. It was wonderful seeing Apes from all around the world gathering together, somewhat of a 'calm before the storm'. As we anticipate tomorrow's earnings release and Thursday's meeting, it is important to remember what is at the core of this movement. GameStop is a company that has made a remarkable turnaround in recent years, and is revolutionizing its business model and establishing entirely new modes of business into the future. It is a company that was once placed into a downward spiral by overpriced (and overrated) consultants like Boston Consulting Group, who worked with complicit board members to install leadership to drive the company into the ground. This was orchestrated by hedge funds, such as Citadel and Point 72, who shorted incredible numbers of shares, most sub-$10, to try to drive the stock down and force the company into bankruptcy. + +Ryan Cohen purchased a huge portion of GameStop, removed the complicit board members, ejected the overpriced consultants, and installed leaders who believe in the company's potential and are driving it into the future. We all remember The Sneeze and how the shorts have continued to increase their short positions for the past 18 months. We see evidence of the fuckery each day, but Apes have discovered the power of DRS and are constantly locking more and more of the float at ComputerShare. While the Shorts have taken the price increase as an opportunity to 'average up' their short positions, GameStop sold shares to remove any uncertainty about the stability of the company. + +Apes, I believe in this company. I believe in its leadership. There is going to be an incredible amount of FUD directed at us in the coming days, and I am eager to see what they throw at us. We are HODLing the investment of a lifetime, at a critical moment in time. Could it be any more exciting? + +Today is Tuesday, May 31st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$136.05 / 126,40 €** *(volume: 961)* +- 🟥 115 minutes in: $135.93 / 126,28 € *(volume: 857)* +- ⬜ 110 minutes in: $135.94 / 126,29 € *(volume: 850)* +- 🟩 105 minutes in: $135.94 / 126,29 € *(volume: 822)* +- ⬜ 100 minutes in: $135.93 / 126,28 € *(volume: 708)* +- 🟥 95 minutes in: $135.93 / 126,28 € *(volume: 707)* +- 🟥 90 minutes in: $136.42 / 126,73 € *(volume: 672)* +- ⬜ 85 minutes in: $136.44 / 126,75 € *(volume: 553)* +- ⬜ 80 minutes in: $136.44 / 126,75 € *(volume: 553)* +- 🟩 75 minutes in: $136.44 / 126,75 € *(volume: 543)* +- 🟩 70 minutes in: $136.42 / 126,74 € *(volume: 541)* +- 🟥 65 minutes in: $135.62 / 126,00 € *(volume: 407)* +- 🟩 60 minutes in: $136.29 / 126,62 € *(volume: 290)* +- 🟩 55 minutes in: $136.28 / 126,61 € *(volume: 276)* +- 🟥 50 minutes in: $136.27 / 126,59 € *(volume: 264)* +- 🟥 45 minutes in: $136.29 / 126,62 € *(volume: 262)* +- 🟥 40 minutes in: $136.30 / 126,63 € *(volume: 260)* +- 🟩 35 minutes in: $136.35 / 126,67 € *(volume: 260)* +- 🟥 30 minutes in: $136.20 / 126,53 € *(volume: 250)* +- 🟩 25 minutes in: $136.34 / 126,66 € *(volume: 235)* +- 🟥 20 minutes in: $136.31 / 126,63 € *(volume: 234)* +- 🟥 15 minutes in: $136.36 / 126,68 € *(volume: 226)* +- 🟥 10 minutes in: $136.39 / 126,70 € *(volume: 181)* +- 🟥 5 minutes in: $136.42 / 126,73 € *(volume: 179)* +- 🟥 0 minutes in: $136.44 / 126,76 € *(volume: 166)* +- 🟩 US close price: $137.21 / 127,47 € *($136.50 / 126,81 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0764. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Thought it could be worth flagging that Pennon Group (PEN) have announced they will be paying a special dividend of £3.55 (yes £ not p)! + +The ex-div date for this is 1st July, with payment to follow on the 16th. + +A further final dividend of of 14.97p is payable to holders come the 2nd Sept, with an ex-div date for this dividend of the 22nd July. + +Shares are currently 1108.00p to buy based on end of market prices for the 9th June. + +Normal disclaimer - this is not financial advice, purely information for you to do what you wish with. + +👍 +Hi, + +I was looking to start investing in an index fund at around £100 per month. I was going to go ahead with either a vanguard life strategy 80 or 100 fund. I am 26 years old with a salary of £39000. + +However, with the major slump in UK GDP and the uncertainties over coronavirus should I wait to start investing? If the markets are due a massive shock again, wouldn’t it be most appropriate to wait? + +Also any comments on other indexes or book suggestions would be great. + +Thank you I’m advance. +$STM stock + +Stmicroelectronics ($STM) is listed on 3 stock exchanges, why? +If it is under one name, then surely it makes sense to list on one exchange rather than 3? Unless the business is split by country? + +However, Stm.pa and Stm.mi both have the same price, market cap etc, but stm.us has a totally different price and market cap, why is this? + +Which leads to the question, how is one to know which would be best to invest in, or, as they are all one business the returns no matter what stock exchange they are listed on should be relatively the same? +Ive been interested in buying boohoo shares for a while now and their earnings report is this month, I am assuming they will do very well but I dont have much experience dealing with earnings reports and stock timings. The wise play would be to buy it afterwards? It probably only has a +-5% difference anyway. +Hi all, + +This is my first post in this subreddit. The topic came to me after listening to the audiobook of "Trekonomics" by Manu Saadia. I wasn't sure at first whether to ask about it here or in a Star Trek-related subreddit, but ultimately it's an economics question before a Star Trek question, and surely there are some Trekkies here, anyway. Please note that my knowledge of economics is poor and I'm not saying a post-scarcity society is possible in the real world. This is all just hypothetical. + +Anyway, Saadia proposes that in a Star Trek-type economy where money doesn't exist, the currency used within the interstellar community would be a person's reputation. I'm really curious as to how reputation would work as a currency. So, let's suppose I run a small restaurant on some backwater planet. It's a busy night, and there's just one seat open at the moment. Here are my questions (for now lol): + +- How is reputation measured? Suppose Captain Kirk walks in at the same time as my best friend Bob and they both want that last seat. Well, Kirk is a legendary ship commander known to many worlds, but what does that have to do with giving him the seat over Bob? I've known Bob my whole life and he's an overall good guy; I've only known *of* Kirk, who also has another reputation-- for breaking Starfleet rules. Then again, Bob is flaky, so reputation can be good or bad, and for different things about the same person. So how would I, Kirk, and Bob use reputation to determine who gets the last seat? + + +- How is reputation tracked? If I recall right, Saadia said reputation does not decrease over time, but I don't think that's true. I mean, Engineer Scotty's great and all, but if I live in the time of Star Trek: The Next Generation, his engineering knowledge is outdated. Is his reputation as a great engineer still as high as it was in the time of Kirk? How would he or I know? It's not like there's an account he can store reputation in, right? + + +- Isn't reputation relative? Let's go back to Captain Kirk and Bob. He's a legend across the stars, but maybe I myself don't like him for whatever reason. Am I to give him the last seat instead of Bob just because the rest of the galaxy thinks he's awesome? + +These are the questions I have right now, but I'm sure I'll come up with more given more time lol + +Thank you for taking the time to help me with these thought experiments, I appreciate your thoughts on this. +I feel like a complete idiot watch these two movies. I mean sometimes I know and can understand certain things like why that fire sale in margin call will be terminal for people's career because they are selling shit they know that has no value and dumping it all on other unsuspecting bankers. But I would like to understand what that shit is. Swap, margin call itself etc. + +I have zero economics knowledge. + Pigovian taxation essentially passes on the cost of negative externalities to the producer. Obviously, the taxation of negative externalities is easier said than done, but even though it is difficult to implement, it should be attempted. Passing on the burden of negative externalities through taxation would enable the [government to increase its tax revenue while lowering the demand for socially harmful products.](https://www.economicshelp.org/blog/glossary/pigovian-tax/) Companies would therefore taxed in proportion to the quantity and effects of their goods or services on society as a whole. Businesses that provide good or services that favor the national interest would conversely receive lower overall tax rates, acting as a form of Pigovian subsidy. + +&#x200B; + +It seems like this type of taxation would be very useful regarding large, civilization level problems like climate change, wealth inequality, and rising obesity levels. Are there any good arguments against Pigovian taxes other than them being impossible to implement politically? +As you may have heard by now, the president of Argentina asked the IMF to provide a solution to the currency crisis, which is a result of the market believing that the government is not doing enough to cut the fiscal deficit. +I was at work, and my communist coworker blamed Macri (our president) for borrowing money after our previous president (Kirchner) left the country with very little debt. I pointed out that Kirchner left the country with a huge fiscal deficit, to which he replied: Which country doesn't have a fiscal deficit? So I looked up some stats, and he happens to have a point: according to the CIA Factbook (https://www.cia.gov/library/publications/the-world-factbook/fields/2222.html), most countries have a fiscal deficit, although Argentina has one higher than most countries. The question I am asking is: why a large fiscal deficit in Argentina causes the company to go bust, but most countries can deal with a fiscal deficit just fine? +I am stable financially (no debt, diverse stock market portfolio, solid retirement account) and I want to use my $600 to actually help better people's lives/stimulate the economy. Is it better to donate my money directly to a local charity (after verifying the money will be allocated appropriately) or spend it at a local, small business? Should I split the money between multiple charities or businesses? What would do the greatest good? +It's a tough question, but I think most people here are ones that think for themselves. Have you ever found anything about FIRE that made you stop considering it? Do you think it's unrealistic at some times/countries? Is it too much (or too little) of a goal? +I want to know every downside of FIRE. +Would a lender ever be lenient on this factor? +I’ve got about 20k ready to put down towards a rental, a good credit score, and decent income. + +However I’ve got a spotty employment history and haven’t worked at the same place for 2 years. I keep hearing this as a requirement for lending, how true is that? +Guten Tag to this global band of Apes! 👋🦍 + +Of course, another jump of over 13% is panned by the financial media, but that's nothing new to us. Days like yesterday go to show that the SHFs remain desperate to maintain control over the price, and cannot afford to let it run up too much or risk failing their margin calls. As we've seen before, there is no way to predict what they will do tomorrow - the might pump elsewhere to short GME down to manageable levels, or risk it creeping upward again? Whatever they do, it's not going to shake the Apes with Diamantenhände - we'll continue to HODL, DRS, and buy the dips. They have no chance against us while we do, but are desperate to survive another day. + +Speaking of another day, today marks the end of Ryan Cohen's lockout period. I haven't yet been able to figure out if it's the last day or the first day after it lifts. While we may see more direct communication, I've thoroughly enjoyed the wild attempts to decipher his tweets over the past year. Whether or not he changes anything about how he communicates with the world, I respect the absolute treasure of a Chairman of the Board that we have in Ryan Cohen. He completely changed the course of GameStop's existence by refocusing the company toward revolutionizing retail, but he is also able to inspire confidence from shareholders through bathroom humor and cryptic messages. It is obvious from the team he has assembled that his leadership inspires confidence. If he were to turn that directly toward new GME investors, it alone could trigger the MOASS. + +Today is Wednesday, February 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$115.45 / 101,20 €** *(volume: 589)* +- 🟩 115 minutes in: $115.51 / 101,25 € *(volume: 589)* +- 🟩 110 minutes in: $115.39 / 101,15 € *(volume: 589)* +- 🟥 105 minutes in: $115.11 / 100,90 € *(volume: 589)* +- 🟩 100 minutes in: $115.31 / 101,08 € *(volume: 589)* +- ⬜ 95 minutes in: $115.22 / 101,00 € *(volume: 589)* +- 🟥 90 minutes in: $115.22 / 101,00 € *(volume: 589)* +- 🟥 85 minutes in: $115.26 / 101,04 € *(volume: 589)* +- 🟩 80 minutes in: $115.35 / 101,11 € *(volume: 469)* +- 🟩 75 minutes in: $113.11 / 99,15 € *(volume: 467)* +- 🟥 70 minutes in: $113.08 / 99,13 € *(volume: 467)* +- 🟩 65 minutes in: $113.31 / 99,33 € *(volume: 368)* +- 🟩 60 minutes in: $113.23 / 99,25 € *(volume: 334)* +- ⬜ 55 minutes in: $113.17 / 99,20 € *(volume: 283)* +- ⬜ 50 minutes in: $113.17 / 99,20 € *(volume: 283)* +- ⬜ 45 minutes in: $113.17 / 99,20 € *(volume: 283)* +- 🟥 40 minutes in: $113.17 / 99,20 € *(volume: 283)* +- ⬜ 35 minutes in: $113.23 / 99,25 € *(volume: 238)* +- 🟩 30 minutes in: $113.23 / 99,25 € *(volume: 238)* +- 🟩 25 minutes in: $113.17 / 99,20 € *(volume: 178)* +- 🟥 20 minutes in: $113.16 / 99,19 € *(volume: 177)* +- ⬜ 15 minutes in: $113.20 / 99,23 € *(volume: 177)* +- 🟥 10 minutes in: $113.20 / 99,23 € *(volume: 177)* +- 🟩 5 minutes in: $113.40 / 99,40 € *(volume: 77)* +- 🟥 0 minutes in: $113.38 / 99,39 € *(volume: 42)* +- 🟩 US close price: $115.60 / 101,33 € *($115.24 / 101,02 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1408. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +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've seen a lot of T+21, T+35, S&P trends, etc being propped up this weekend. + +I've also seen a lot of comments reminder users that crashes historically happen on Mondays. + +To me it sounds like a lot of build up for maybe nothing. + +Don't be disappointed if GME doesn't moon on Monday. If you still believe in the original reasons you bought, no reason to change. The votes haven't been counted. The transition hasn't been completed. +These channels are starting to flourish, and while I’m all for increased participation by non-professionals, YOLO’ers, and all other amateurs, I think some of them do more harm than good. It’s a lot like the flood of half-assed nutritional and fitness guys offering broscience on YT. These financial bros I’m not sure are a great help to educating folks new to this movement. +https://www.cbsnews.com/news/american-jobs-are-getting-worse-according-to-a-new-economic-measure/ + +Although the U.S. is on a record streak for job-creation, many Americans still feel like they can't get ahead — it's not their imagination. The last three decades have seen the economy churn out more and more jobs that offer inadequate pay, a group of researchers found. + +"The history of private-sector employment in the U.S. over the past three decades is one of overall degradation in the ability of many American jobs to support households — even those with multiple jobholders," they wrote. +I work in two public libraries part time while i'm in college and can't stress enough how incredibly cost effective they can be. We offer so many free services from books and movies to free classes and skill training. + + +The greatest thing right now is that we offer free tax assistance from local experts. Depending on where you live, services may be great or sub-par because it depends in property values and state funding etc, but the overall sentiment is that it's the one place you can go where we're not trying to sell you something. We want you to succeed by offering the tools you need. Libraries are so self-aware and are absolutely keeping up with the times. + + +I'm on the east coast US and we are getting 3D printers, have cloud services, and have digital e-book downloading. It saddens me when libraries are overlooked for such basic things like free internet. We are here to save you money and to, again, give you the tools you need to succeed. The only draw back I see to them is that we live in the "now" society. Some items you have to wait for, but if demand is high, we buy another copy. + +Edit: We also have Job/Career services. Just ask and see what services they provide. If they have a website it's going to be listed on there. +Long story short. Im done gambling on RH. Im down $2400. + +I was trying too hard, taking big risks, and second guessing my own intuition. + +I started in April, just buying stocks. Investing around $300 a month. Then the July CPI report came out. Then I had an unexpected expense come up, so I sold off, paid the bill and started over. + +Tried playing the "Dailey Movers" and got wrecked buying HKD near the top of a big swing and lost half my money. + +Started swing trading, did ok. + +Moved to 0dte SPY options, and did ok scalping calls in the first hour, but felt like I kept missing out on the "Homeruns" if I just held till the end of day. + +Greed, FOMO, and desperation led to massive losses. So Im done with that sh*t. + +Im 41, singleand no children. I make $27 an hour welding in a factory overnight. I bought my house last year for a good price with a $20k down payment on a 30y 2.75% mortgage. My monthly payment is $1k (rounded up +$30 on principal). + +Im not done trading, Im done gambling. + +I set up a TD account, and setup my payroll to direct deposit 10% of my net pay into my TD account. + +Im going to spend the rest of this year focusing on education and strategy development via paper trading and backtesting. Meanwhile My deposits will sit idle. + +I paid $2400 in market tuition to learn what NOT to do. I accept that. But I am not giving up. I have a good job with benefits, and the hours I work are great for swing/day trading on the side. + +10 years ago I was homeless, jobless, and massively in debt (mid 5 figure). Today Im a homeowner with a 700 credit score and $15k in unsecured credit. + +Im going to figure this out, make it work, and retire from labor at 55. + +Thanks for your time. + + + +*edit/update: I moved my settled cash out of the hood. $322.23. I had $95.90 left at market open. Turned on Bloomberg (cause its free). S&P was down about .4%. I decided to burn that $96 for psycological closure. I bought 2 $1.5 CLOV calls 5dte for $5 each. And a $395 SPY put 0dte for $84. Made some dinner, ran an errand and took a shower. I have havent checked my account. + +F**k it. RH will sell them in the last hour. I dont care how they swing. + +A sincere Thank You to all of you for your encouragement and advice. I'll hit the books tomorrow. + +Off to bed, I gotta work tonight. +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of July 30th💜🚀🚀71.3 MILLION SHARES!🚀🚀 + +[latest 10Q](https://investor.gamestop.com/node/19906/html) + +https://preview.redd.it/3n7lyv3nqcx91.png?width=722&format=png&auto=webp&s=819a98f2fe5590c0e64a108ec8c48e00832fbfcc + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[October Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d/drscomputershare_megathread_102022/?utm_source=share&utm_medium=web2x&context=3) + +[September Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/?utm_source=share&utm_medium=web2x&context=3) + +[August Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/?context=3) + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +# ✨INFO FOR IRA HODLERS✨ + +[credit to u/Bibic-Jr](https://www.reddit.com/r/Superstonk/comments/yig3v7/want_to_drs_your_ira_start_here_easy_and/?utm_source=share&utm_medium=web2x&context=3) + +There are **2 main forms of custodian** when it comes to DRSing SDIRAs: **A market participant custodian** (that has a connection with a broker), **or a non-market participant custodian** (that has no connection with brokers). + +1. Creating an **SDIRA LLC** to control your shares, through a **non-market participant custodian**. +2. Creating an **SDIRA** through a **market participant custodian**, that has a broker partner. +3. A mix of 1 and 2 by creating an **SDIRA LLC** to control your shares, through a **market participant custodian** that has a broker partner. (It's the convenience of option 2, with the security of option 1) + +*An* ***alternative to an LLC*** *could be a* ***Business Trust***. They have higher set up fees, but no annual fees. [pros and cons here](https://www.reddit.com/r/Superstonk/comments/w4rpor/comment/il0kha4/) + +**The only way to avoid an IRA custodian is to make an early withdrawal, taking the tax hit.** + +# Early Withdrawal Solution (AKA In Kind Distribution): + +\*I'm not a tax professional and I'd urge anyone thinking of doing a rollover to contact a tax professional before proceeding to understand any consequences they may encounter. + +**PROS:** + +* Removes shares from the DTC. +* Provides truly DRS'd shares in your name, and no other entity has access to them. +* Keeps all your DRS'd shares in one place. + +**CONS:** + +* 10% Early withdrawal penalty. This penalty is applied to the pre-taxed amount of your early withdrawal. +* Tax penalties. Any early withdrawal will be added to your income and be taxed as such. The amount can vary depending on your state's tax laws, your IRA contributions, if you have a Roth or traditional IRA, and how much profit you have made. +* You will not be able to use your IRA's value to take out loans (cash margin) in order to invest in non-public traded equities (i.e. real estate) with the benfits an IRA provides. + +**Calculate how much tax** you'd need to pay with this [**IRS tax calculator**](https://www.irs.gov/help/ita/is-the-distribution-from-my-roth-account-taxable)**.** + +# If you complete a rollover of the in-kind distribution into the name of the IRA with a new custodian within 60 days, there are no tax implications. 60-day rollovers are allowed once every 12 months, not every calendar year. You aren't able to do one in December 2022 and again in January 2023. They have to be more than 12 months apart. + +**Roth IRA extras:** + +* With Roth IRAs it's only contribution that is not subject to early-withdrawal tax penalty. Anything above what you added to it is subject to tax. +* If you have had your Roth IRA open for over 5 years, you can withdraw early penalty free. But there may still be taxes to pay. +* Transferred shares from a Roth IRA will receive a new cost basis (based on market close) and the holding period will reset (the timer for long term capital gains starts over). According to Fidelity this is IRS law. (Thank you [u/boskle](https://www.reddit.com/u/boskle/)!) + +[**Roth IRA 5-Year Rule - no taxes or penalties**](https://www.investopedia.com/roth-ira-withdrawal-rules-4769951#citation-11) + +In general, you can withdraw your earnings without owing taxes or penalties if: + +* You're at least 59½ years old +* It's been at least five years since you first contributed to any Roth IRA (the five-year rule). + +[https://www.irs.gov/publications/p590a#en\_US\_2021\_publink1000230975](https://www.irs.gov/publications/p590a#en_US_2021_publink1000230975) + +# Custodian Options (AKA In Kind Transfers Or Rollovers): + +[Learn more about the differences between IRA transfers and Rollovers here.](https://www.irafinancialgroup.com/learn-more/self-directed-ira/in-kind-ira-distributions-and-conversions/) + +Here we have 2 different options of SDIRA custodian (**Market Participant**, and **Non-Market Participant**. The second one requires an LLC). There is also a 3rd option using a market participant custodian and an LLC. + +**It's important to research if a market participant, or non-market participant works best for you.** + +[Check Existing-Reference53's post for further reading on the differences between IRA custodians](https://www.reddit.com/r/Superstonk/comments/y1hlcz/the_ira_custodian) + +[List of RITA approved IRA custodians.](https://ritaus.org/membership_directory/) + +[List of SDIRA custodians](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[Investopedia's top SDIRA custodians](https://www.investopedia.com/best-self-directed-ira-companies-5086593) + +# 1. SDIRA LLC through a non-market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* Offers Checkbook Control (you don't need the custodian's consent to make investments). + +**CONS:** + +* Additional LLC fees. +* Slightly more costly than using a market participant custodian. +* Added complexity from making an IRA LLC (but the direct registration process is quicker). + +# 2. SDIRA through a market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* A more affordable solution (aside from some early withdrawal situations). +* While the custodian controls the account, they have no influence over what you're invested in. + +**CONS:** + +* Shares are registered in the name of the custodian, "for the benefit of" you as a client. +* Loss of extra layer of protection from brokers without an LLC. (As well as liability protection if you intend to use your IRA to re-invest in real estate etc.) + +# 3. SDIRA LLC through a market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* While shares are registered under the name of the LLC, it is your LLC that you control. The custodian has no idea what is in the IRA LLC. +* Offers Checkbook Control (you don't need the custodian's consent to make investments). + +**CONS:** + +* Additional LLC fees on top of custodial fees. +* A market participant custodian will have a broker partner, but the broker has no access to the IRA. +* This is the most complex option to have an IRA LLC, as you have to do it yourself without the assitance of the custodian. +* A market participant custodian will have a broker partner, and some of the details of the LLC will be shared with the broker, possibly all of the details. Allowing the broker to potentially reverse transactions or trades. +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of July 30th💜🚀🚀71.3 MILLION SHARES!🚀🚀 + +[latest 10Q](https://investor.gamestop.com/node/19906/html) + +https://preview.redd.it/3n7lyv3nqcx91.png?width=722&format=png&auto=webp&s=819a98f2fe5590c0e64a108ec8c48e00832fbfcc + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[October Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d/drscomputershare_megathread_102022/?utm_source=share&utm_medium=web2x&context=3) + +[September Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/?utm_source=share&utm_medium=web2x&context=3) + +[August Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/?context=3) + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +# ✨INFO FOR IRA HODLERS✨ + +[credit to u/Bibic-Jr](https://www.reddit.com/r/Superstonk/comments/yig3v7/want_to_drs_your_ira_start_here_easy_and/?utm_source=share&utm_medium=web2x&context=3) + +There are **2 main forms of custodian** when it comes to DRSing SDIRAs: **A market participant custodian** (that has a connection with a broker), **or a non-market participant custodian** (that has no connection with brokers). + +1. Creating an **SDIRA LLC** to control your shares, through a **non-market participant custodian**. +2. Creating an **SDIRA** through a **market participant custodian**, that has a broker partner. +3. A mix of 1 and 2 by creating an **SDIRA LLC** to control your shares, through a **market participant custodian** that has a broker partner. (It's the convenience of option 2, with the security of option 1) + +*An* ***alternative to an LLC*** *could be a* ***Business Trust***. They have higher set up fees, but no annual fees. [pros and cons here](https://www.reddit.com/r/Superstonk/comments/w4rpor/comment/il0kha4/) + +**The only way to avoid an IRA custodian is to make an early withdrawal, taking the tax hit.** + +# Early Withdrawal Solution (AKA In Kind Distribution): + +\*I'm not a tax professional and I'd urge anyone thinking of doing a rollover to contact a tax professional before proceeding to understand any consequences they may encounter. + +**PROS:** + +* Removes shares from the DTC. +* Provides truly DRS'd shares in your name, and no other entity has access to them. +* Keeps all your DRS'd shares in one place. + +**CONS:** + +* 10% Early withdrawal penalty. This penalty is applied to the pre-taxed amount of your early withdrawal. +* Tax penalties. Any early withdrawal will be added to your income and be taxed as such. The amount can vary depending on your state's tax laws, your IRA contributions, if you have a Roth or traditional IRA, and how much profit you have made. +* You will not be able to use your IRA's value to take out loans (cash margin) in order to invest in non-public traded equities (i.e. real estate) with the benfits an IRA provides. + +**Calculate how much tax** you'd need to pay with this [**IRS tax calculator**](https://www.irs.gov/help/ita/is-the-distribution-from-my-roth-account-taxable)**.** + +# If you complete a rollover of the in-kind distribution into the name of the IRA with a new custodian within 60 days, there are no tax implications. 60-day rollovers are allowed once every 12 months, not every calendar year. You aren't able to do one in December 2022 and again in January 2023. They have to be more than 12 months apart. + +**Roth IRA extras:** + +* With Roth IRAs it's only contribution that is not subject to early-withdrawal tax penalty. Anything above what you added to it is subject to tax. +* If you have had your Roth IRA open for over 5 years, you can withdraw early penalty free. But there may still be taxes to pay. +* Transferred shares from a Roth IRA will receive a new cost basis (based on market close) and the holding period will reset (the timer for long term capital gains starts over). According to Fidelity this is IRS law. (Thank you [u/boskle](https://www.reddit.com/u/boskle/)!) + +[**Roth IRA 5-Year Rule - no taxes or penalties**](https://www.investopedia.com/roth-ira-withdrawal-rules-4769951#citation-11) + +In general, you can withdraw your earnings without owing taxes or penalties if: + +* You're at least 59½ years old +* It's been at least five years since you first contributed to any Roth IRA (the five-year rule). + +[https://www.irs.gov/publications/p590a#en\_US\_2021\_publink1000230975](https://www.irs.gov/publications/p590a#en_US_2021_publink1000230975) + +# Custodian Options (AKA In Kind Transfers Or Rollovers): + +[Learn more about the differences between IRA transfers and Rollovers here.](https://www.irafinancialgroup.com/learn-more/self-directed-ira/in-kind-ira-distributions-and-conversions/) + +Here we have 2 different options of SDIRA custodian (**Market Participant**, and **Non-Market Participant**. The second one requires an LLC). There is also a 3rd option using a market participant custodian and an LLC. + +**It's important to research if a market participant, or non-market participant works best for you.** + +[Check Existing-Reference53's post for further reading on the differences between IRA custodians](https://www.reddit.com/r/Superstonk/comments/y1hlcz/the_ira_custodian) + +[List of RITA approved IRA custodians.](https://ritaus.org/membership_directory/) + +[List of SDIRA custodians](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[Investopedia's top SDIRA custodians](https://www.investopedia.com/best-self-directed-ira-companies-5086593) + +# 1. SDIRA LLC through a non-market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* Offers Checkbook Control (you don't need the custodian's consent to make investments). + +**CONS:** + +* Additional LLC fees. +* Slightly more costly than using a market participant custodian. +* Added complexity from making an IRA LLC (but the direct registration process is quicker). + +# 2. SDIRA through a market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* A more affordable solution (aside from some early withdrawal situations). +* While the custodian controls the account, they have no influence over what you're invested in. + +**CONS:** + +* Shares are registered in the name of the custodian, "for the benefit of" you as a client. +* Loss of extra layer of protection from brokers without an LLC. (As well as liability protection if you intend to use your IRA to re-invest in real estate etc.) + +# 3. SDIRA LLC through a market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* While shares are registered under the name of the LLC, it is your LLC that you control. The custodian has no idea what is in the IRA LLC. +* Offers Checkbook Control (you don't need the custodian's consent to make investments). + +**CONS:** + +* Additional LLC fees on top of custodial fees. +* A market participant custodian will have a broker partner, but the broker has no access to the IRA. +* This is the most complex option to have an IRA LLC, as you have to do it yourself without the assitance of the custodian. +* A market participant custodian will have a broker partner, and some of the details of the LLC will be shared with the broker, possibly all of the details. Allowing the broker to potentially reverse transactions or trades. +The debt is primarily a result of a lengthy divorce process that involved a custody battle for my 4yo. Attorney fees, a higher rent, and childcare expenses piled up over the last three years. FWIW, my credit score was bordering good/very good prior to the separation, but missing out on the ex's income with these new conditions caught up to me financially very quickly. On top of that, I am planning on switching to a new career this fall, in which first year salaries range from $55,000-$60,000 in my area, but with very good growth prospects after that. + +&#x200B; + +The situation - about $3,500/month of after-tax income with $1,600 monthly rent. Additional monthly expenses (utilities, childcare, gas, groceries, etc.) amount to less than $800/month, which leaves me with $1,100 a month to pay off the cards below, and add to a savings account that currently has $600. Credit score is still considered okay, but the high utilization is only making things worse. I was able to settle my balance with the attorney earlier this year, so no legal fees are expected going forward. + +&#x200B; + +NFCU1 - 16.9% - $16,225.22 + +NFCU2 - 13.24% - $16,197.22 + +Chase - 25.24% - $2,676.65 + +&#x200B; + +Any advice would be appreciated. Debt consolidation companies recently started reaching out to me by mail, and wanted to see if I should consider that route. + +&#x200B; + +Edit: Thanks all for the feedback and encouragement! Tried my best to keep the post finance-oriented, but lots of questions regarding the divorce and living situations. In order to ensure getting joint custody, the attorney recommended a 2BR apt as opposed to a 1BR. In terms of roommates, that would involve modifying/breaking my current lease and getting the ex to approve. I personally wouldn't want a stranger moving in anyways, but I am keeping an eye out for friends/family who might be looking for something temporary. + +&#x200B; + +I don't feel quite comfortable sharing my location at this time - simply know that $1,600 is a decent deal for 2BR. I've seen $1,400-$1,500 in the area, but any savings there would be negated by the requirement to pay 2 months rent to break the current lease. +I’m arguing with my uncle that he’s a millionaire because he has only 5k in his chequings and 10k in his savings. But he owns 2 houses in the GTA and land in Ottawa. which goes over total of 3 mill in equity. But he tells me he’s just a worker, a husband, and a father.... is he being humble and avoiding the status? Or is the definition of millionaire to have a million in your savings? and plus all those investments on the side. I’m beginning to think being an actual millionaire isn’t when you touch actual million dollars and there’s way more to it. + + +You’ve done your research and you’ve found the next great trade. You can’t wait for the opening bell to enter the order and the stock looks like it wants to move higher. After a few minutes of trading the market also looks good and the stock is running so you hit the buy button. We’ve all been in this situation and here’s why you should wait for at least 30 minutes. + +During early trading buyers and sellers are jousting to see who has the upper hand. Much of the price action is program driven and the price action tells us how the day is going to unfold. All of your day trades and swing trades need to start with the market. Let’s take a look at the last 3 days of trading and what we learned from the early action in the SPY. + +**Wednesday** the market opened with tiny mixed candles. That is a sign that neither side has much of an advantage. Dojis and long wicks/tails are also an indication that the price action is balanced and that neither side has an advantage. The trading volume was also very light. After an hour of trading you would conclude that if you were day trading you should expect a tight range and that you should trim your size and set passive targets. + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/d8v1i72jfks61.png?width=942&format=png&auto=webp&s=649e86a759b8b5a29ee51d7297693a26c94a0858) + + + +**Thursday** the market gapped higher. Gaps to a new relative high have been faded and you should expect the bid to be tested. You need to be careful of a gap reversal and you can see from the green candles in the first 30 minutes that there is some buying. That tells me that a big drop and a gap reversal is unlikely. If there were going to be a gap reversal those green candles would not have been as big and they would not have come so soon. On the next drop we can see that the market almost filled the gap and that the new low of the day was barely below the prior low (marginal new low). The next series of green candles confirms that buyers are still engaged and that provides you with a better entry point. If you bought the open you overpaid for your position and you were exposed to a possible gap reversal. If you were day trading you might have been stopped out for a loss. + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/rhdb2dxsfks61.png?width=791&format=png&auto=webp&s=bd2a1ef61ff8c13207fb886cc0d74bb2b711723a) + +&#x200B; + + + +**Friday** the market started off with a series on nice green candles. That move was orderly, but the candles were tiny and that is a sign of resistance. That move lured in bullish speculators and the market was making a new high. After that initial push higher the market tested the low of the day. If you bought too early you overpaid. The market dip had tiny candles indicating that the retracement was also weak. On the low of the day you can see a long green candle (bullish engulf). That is a sign that support is strong at the low of the day. + +The information that we get in the first 30-45 minutes helps us gauge the market. It tells us how aggressive buyers and sellers are. During that early action we can also gauge how the stocks we want to buy are behaving. If the market is going down and the stock is going up, I know the bid is strong and that the stock is ready to fly. If I buy the stock right on the open I do not have that information. + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/bnu0bwvzfks61.png?width=815&format=png&auto=webp&s=9ca2afc9065f3f96e2254a813874b23b1f26f7f1) + +&#x200B; + + + +Let’s use and example from last Friday. CRM looked great. The stock had formed a base on a daily chart, the stock had heavy volume and we can see on a daily chart that it was testing the 100-day and the 200-day MAs. Would the stock blow through that resistance or would it pullback? The market was strong, but the tiny candles suggested that there was resistance and that we did not need to chase. + +&#x200B; + +[CRM 5 Minute](https://preview.redd.it/2a864rybgks61.png?width=898&format=png&auto=webp&s=0fea5371219ca78b6a104211f7a5e424f02564ca) + + + +In this next chart you can see how the market pulled back and CRM stayed very close to the high of the day. This is a sign of relative strength. As soon as the market found support CRM blew through the major moving averages and you had confirmation that you had an excellent entry point. You can also see the relative strength later in the day. Relative strength is my edge and I search for it every day for my day trades and swing trades. + +&#x200B; + +[CRM 5 Minute](https://preview.redd.it/c5ffiupigks61.png?width=1138&format=png&auto=webp&s=9bdb351a0e10c2f6e275999449b8e021b92c6d75) + + + +Some of you will look at the CRM chart and say… I would have entered even better if I had bought the open for CRM. In this case that is true. However, you did not know that the market was going to do or if CRM was going to retreat after testing the major MAs. + +FB has been strong recently as well. It opened a little soft Friday and it shot higher with the market. However, look what happened after that. The stock gave back all of the gains when the market retraced. That is bearish and it is a sign that there is selling pressure. If you bought this stock early in the day you overpaid. By the end of the day you might have decided to stop out for a loss. Luckily, the market had a strong day or the stock would have been down a lot more. + +&#x200B; + +[FB 5 Minute](https://preview.redd.it/pqvxciangks61.png?width=1053&format=png&auto=webp&s=d903ae83232c68d573b9fe79a994dd3cf89bb7e3) + +&#x200B; + + + +Trading the open presents greater risk and greater reward. I have found that by waiting at least 30 minutes I can improve my trade entry. The market action tells me what type of trading day we are going to have and who has the upper hand (buyers or sellers). I can also gauge the stock’s price movement and I can identify relative strength. I hope this post helps you with your entry. Trade well. +Just for fun, what are your most hated sectors? + +Mine is biotech. They used to lure me in with sweet promises of cures and FDA approvals. All lies. After running sideways for a year, they gap up on news of some pending patent for a molecule I can't pronounce. My screener scoops them up, I buy in like a dummie, then the stock flatlines. So much for the molecule. +Kinda newbie question. +I know one of the golden rules of trading is going with the trend (long in an uptrend, short in a downtrend). + +But what if the market is consolidating sideways? + +Are there any strategies that let you trade that, or should you avoid it entirely and go look for other opportunities? +Hey this is a very beginner question, if you notice wrong ideas you are welcome to point them out. I've only started trading last friday. For now I want to enter constantly with the same max risk of 2%. So with 10k capital it'd be $200. But if I want to go short I'd need $25K capital to do that. + +For now I have not much elasticity with my strategy (momentum, capitalize on initial burst and get out) and I enter only near market open and not much longer after that. So it's either market goes up from get-go = long or otherwise shorting. + +And thus on some days when I don't find my singals to go long I should accept the fact that I will need to go short & earn way less, or is there any other way? Perhaps CFDs? + +Or else it seems harder to achieve a certain monthly profits target if I don't know how many days I'll have to go short / go long. +Does triple bottom always a good sign to buy in? Does that indicates a bullish sentiment ahead? As i have doing some research, i wasn’t sure if it is correct, what do you guys think about it? +I am a complete newbie but want to get into trading. I am thinking of make a start by investing in cryptocurrency as the prices have considerably fallen. Is it a good time to do the same? Or shall I invest in something else? +Hello, I know that this may seem like not the right place to ask this question, but how do you guys trade? I am not looking for an easy way to make money or anything. I really want to learn how to trade and how to choose stocks to invest in. If anyone could help me out I would really appreciate it. If you guys could like share stories about how you started out or just send links of articles that would help. Thank you very much! +That’s what Charlie Munger, Vice Chairman of Berkshire Hathaway, says of the most famous cryptocurrency, and he also said, “I hate the bitcoin success”. + +He is one of the most successful investors of our time, and his words carry weight. His reasons for hating BTC are debatable but the biggest takeaway is that he hates it. This is a sign of how divided the investing world is on this. Old school traditional investors hate cryptos with a vengeance and group them all together as “stupid investments with no intrinsic value”. + +Years ago, this is what some of them said of internet stocks and the internet. The Internet, at the beginning, was just for “porn and gambling”. That was their complaint then. [For more of my thoughts on his comments, listen to what I said on the MONEYFM89.3 interview this morning.](https://omny.fm/shows/money-fm-893/bigger-picture-takeaways-from-berkshire-hathaway-s#sharing) + +We can debate all day long about the intrinsic value of BTC, but the truth is, there are very few low probability outcomes of it going to zero but many high probability outcomes of it continuing its march higher. + +Cryptocurrencies are more than just Bitcoins. There are decentralised finance (DeFi) cryptocurrencies that are changing the way traditional finance works. Should we be listening to a 97-year old investor on a sector that’s changing finance as we know it? + +Warren Buffet only just bought Apple stocks in May 2016. You tell me how long it’ll take before they come round to the next paradigm. +Previous discussion linked [here](https://www.reddit.com/r/ethtrader/comments/lszh1o/poll_proposal_new_rules_regarding_meme_posting/) + + +After a short discussion and due current status on [r/ethtrader](https://www.reddit.com/r/ethtrader/) feed ( *meme reposts gone out of control* ) together with [u/Jake123194](https://www.reddit.com/u/Jake123194/) help, we decided that right now we have good timing for another attempt to **make our ETH trader hub have a clean and informative feed again.** + +Donut Recently over on [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) a poll was passed regarding memes only being allowed on weekends. This rule has been in place for just under a week and has **ensured that during weeks days the main page is directed towards being more informative for the community, rather than full of memes that people use to farm moons (Donuts in our case).** + +In light of the above change this is a poll to decide whether or not a rule should be enacted in which memes are only allowed to be posted on weekends starting at 00:01 UTC Saturday and ending at 23:59 UTC Sunday in order to help curtail memes being used to farm Donuts. + +[View Poll](https://www.reddit.com/poll/lu3no8) +About an hour ago I posted this post about a scam I found on facebook... + +http://www.reddit.com/r/Bitcoin/comments/1ydms7/psa_fake_cryptsy_investment_scam_going_on_facebook/ + +The person claiming to be Big Vern on facebook just sen me this... + +BigVern Vern: +your putting a huge target on your back with that post + +you really should of taken your name off of that , we know who you work for , you dont know who I work for + +thats all im gonna say, delete your reddit asap. + + + +--------------------------- + +Scammers used to be gentleman and just disappear from existence. We just turned a corner apparently. + + +Hello all, + +Economic Noob here just trying to better understand the current political environment and what it really means, so I have a question for people whom I hope understand things better than I do. :) + +Of course everyone is overacting with the US-Mexico trade dispute currently ongoing. When one anti-Trump friend was challenged with "How does NAFTA benefit the US in regards to trade", his only answer was "cheaper cars and goods". There has to be more than that, or is it true that Mexico needs to cooperate with us because their economy would be in peril without NAFTA. + +Please excuse my ignorance and enlighten me, as really I have no idea what cancelling NAFTA would do to the USA (at least, from the Mexican aspect of it- people don't really have an issue with Canada). +[Robert Reich](https://en.m.wikipedia.org/wiki/Robert_Reich) released two seemingly good documentaries on Netflix but I’m wondering what economists think of him. + +* Is he credible? + +* Is he a socialist? + +* What y’all think? + + +I know some universities do teach other schools of economics are taught as a course (behavioral economics is the most common) but it seems the curriculum is biased and focused more on neoclassical economics. Isn't it ideal for a well rounded economist to at least know and develop different pros and cons or usages from all schools of economics?? +Classical, neoclassical, marxist, Keynesian, behavioral, institutionalist, schumpeterian, and developmentist? Each schools has great points and pros and cons but its seems as if neo classical economics is the most "correct one" +Hiring manager here about to make an offer to a candidate. Position budgeted at $150-170k with ability to negotiate up plus equity. + +Unfortunately in that very first conversation with HR, they disclosed that they made $120k and are looking for $125k. + +Guess who's getting an offer for exactly $125k? I'd like to make a fair offer in the midpoint but can't as HR won't let me. + +Just one or two sentences in that first screening call is costing this person about $70k in 2018. + +(Major company in high tech in a coastal city) +# NONE OF THE ABOVE + +Inevitably, with unexpected news, there will be a lot of financial advice to *do something*. It was the same with Brexit earlier this year. + +A few words from Warren Buffet and some other smart people: + +- Warren Buffet: **["to buy or sell on current news is just crazy"](https://www.youtube.com/watch?v=yw6xnEXgeUg&t=17)**. + +- Burton Malkiel, author of *A Random Walk Down Wall Street*: +**["market timing is dangerous"](https://www.youtube.com/watch?v=unFn-ddtqiM)**. + +- Rick Van Ness, well-known Boglehead and [AMA guest](https://www.reddit.com/r/personalfinance/comments/3v037n/im_rick_van_ness_i_run_a_nonprofit_to_educate/): **["stay the course"](https://www.youtube.com/watch?v=aHi2RdQ81Yk)**. + +Finally, here is a great post by /u/aBoglehead that discuses some safe things you can do when the market takes a dip: + +# [Investment Pro Tip: Stay the Course](https://www.reddit.com/r/personalfinance/comments/2jbtyu/investment_pro_tip_stay_the_course/) + +P.S. Feel free to ask other personal finance questions stemming from the US election results here. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, this is a *very* special moment in the GME saga. The FUD machine is getting turned higher daily, the methods that the SHFs are using to attempt to scare us off are becoming more desperate, and Apes are stronger than ever. We've crossed 100k accounts HODLing GME at ComputerShare, and the average number of shares within each account continues to climb daily. + +I am so impressed with how this movement has grown and evolved over the past year, and to stand in your company. I recall the lead up to January on the original subreddit, the massive wave of FOMO in late January, and the ridiculous loss porn in February. I migrated with many of you to the GME sub, and navigated the tricky growth as a community as we developed our understanding of the forces at play and ways to fight back. + +We battled against huge price attacks and subreddit drama, all the while developing the Diamantenhände that we HODL with today. It was never easy, but with DRS we have all the tools we need to fight back. + +This community has sustained many of us through it all. Thank you for showing up, sharing your thoughts, and standing among other Apes. We are a global band of Apes united in this movement, and there is *nothing* that will disband us. + +Today is Wednesday, December 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: **$148.36 / 131,19 €** *(volume: 700)* +- 🟩 115 minutes in: $148.46 / 131,28 € *(volume: 656)* +- ⬜ 110 minutes in: $148.37 / 131,20 € *(volume: 654)* +- 🟩 105 minutes in: $148.37 / 131,20 € *(volume: 650)* +- 🟥 100 minutes in: $148.35 / 131,18 € *(volume: 614)* +- 🟩 95 minutes in: $148.39 / 131,21 € *(volume: 611)* +- 🟥 90 minutes in: $148.29 / 131,12 € *(volume: 585)* +- 🟥 85 minutes in: $148.40 / 131,22 € *(volume: 558)* +- 🟩 80 minutes in: $148.42 / 131,24 € *(volume: 415)* +- 🟩 75 minutes in: $148.35 / 131,18 € *(volume: 306)* +- 🟥 70 minutes in: $148.26 / 131,10 € *(volume: 273)* +- 🟩 65 minutes in: $148.42 / 131,24 € *(volume: 236)* +- 🟥 60 minutes in: $148.28 / 131,11 € *(volume: 220)* +- 🟩 55 minutes in: $148.36 / 131,19 € *(volume: 174)* +- ⬜ 50 minutes in: $148.30 / 131,14 € *(volume: 173)* +- 🟩 45 minutes in: $148.30 / 131,14 € *(volume: 154)* +- 🟩 40 minutes in: $148.26 / 131,10 € *(volume: 138)* +- 🟥 35 minutes in: $148.09 / 130,95 € *(volume: 127)* +- 🟥 30 minutes in: $148.12 / 130,98 € *(volume: 109)* +- 🟩 25 minutes in: $148.28 / 131,11 € *(volume: 82)* +- ⬜ 20 minutes in: $148.12 / 130,98 € *(volume: 64)* +- 🟩 15 minutes in: $148.12 / 130,98 € *(volume: 61)* +- 🟩 10 minutes in: $148.06 / 130,93 € *(volume: 60)* +- 🟥 5 minutes in: $148.05 / 130,91 € *(volume: 56)* +- 🟩 0 minutes in: $148.13 / 130,99 € *(volume: 56)* +- 🟩 US close price: $147.69 / 130,60 € *($147.70 / 130,60 € 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 1.1309. 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! +The U.S. Securities and Exchange Commission is examining Nikola Corp. to assess the merits of a short-seller’s allegations that the electric-truck maker deceived investors about its business prospects, according to people familiar with the matter, Bloomberg News reports. + +In a Sept. 10 report that has captured Wall Street’s attention, Hindenburg Research called Nikola an “intricate fraud” that, among other allegations, overstated the capabilities of its earliest test trucks. Nikola has pushed back, accusing the short seller of making misleading statements that were designed to manipulate its shares. + +https://www.bloomberg.com/news/articles/2020-09-14/sec-to-examine-nikola-nkla-over-short-seller-s-fraud-allegations +This has been bothering me since I got into FIRE but the volatility in the market lately has really brought this to a head. It seems many of us look at FIRE as a form of great delayed gratification. Work your ass off now, be free forever later. Save now, spend freely later. It might not be so binary but there is definitely a trade off and many of us are doing things we wouldn't otherwise be doing if it wasn't for reaching our dream. But what if we are putting all our eggs in a basket that may never pay off? Here are my primary fears: + +1. **Shifting goal post**: Every single person I know who is into some form of FIRE and aggressively pursued the goal has shifted their target up repeatedly. The closer they get to the target the more excuses they find for how a little more would be better, how a lower withdrawal rate is the new reality, how education costs for future kids would be too big to tap out now, etc. It seems it's a deep part of our nature to look for these problems and just keep preparing. I personally have experienced a shift in my target as well, as deep down my original lean target just seems more and more unfeasible and I'd rather just put in a few more years. Look around the subreddit, you find people with targets all over the place. Some living like a monks trying to get to 500K on their barely minimum wage salary, some with targets of several millions but all believing they will be happy when they get there. Yet very few who actually pulled the trigger (and haven't switched to running a blog for a job instead). It almost seems like FIRE is another form of the hedonistic treadmill where we are seeking higher and higher networth instead of more stuff. +2. **Emotional dependency on the market**: Perhaps the most common reason sighted for pursuing FIRE here seems to be "having FU money", "being your own boss" and "having an insurance policy on life". However the more I think about it, the more precarious of a situation being FIRED seems. Considering how shitty these relatively minor recent fluctuations have been feeling, at a time when I am making enough dough to quickly recover my loses, I can only imagine how terrible it must feel like to see 1 bad day eat more than what I was planning to spend over a year out my finite wealth. It seems like an excessively stress inducing situation. I am much much more confident of my ability to be gainfully employed than getting positive investment returns. +3. **Financial uncertainty of future**: This to me is the most concerning aspect. A lot of the logic behind the 4% rule lies on the assumption that the future will be very similar to the last 80 years or so. Yet with each passing day that seems less and less likely. Consumer and national debts are at mindbogglingly high levels and at some point the house of cards has to tumble. I am usually not much of a doomer but we are living in times where the president of the most powerful country does several things a day that would've blown people's mind a few years ago. It won't exactly be shocking if the rest of the world stopped accepting newly printed USD as happily as they've been in the past (and this is a global phenomenon, not just US). In that scenario of rapid currency devaluation, all those people that have been taking on unconscionable level of debt to buy million dollar houses or live unsustainable lifestyles will suddenly seem like the smarter ones who got away with murder. While we, the hard working savvy investors building sweat equity, might be left with decaying investments having lost decades of work adjusted for inflation. +4. **FIRE as a method of escaping**: Reading the posts here it seems a large portion of the people here resent their job in one way or another. Too stressful, long hours, unfulfilling, rat race, etc. And are using the dream of FIRE 2 decades down the line to motivate themselves to put up with it. I myself am in somewhat similar position. To top it off many admit that they'd like to be doing something after they retire, just not what they do now. But if they are able to save large percentages of their income, I assume many already have the option of doing that now instead of waiting for retirement. Perhaps instead of suffering through decades of unpleasant work as precious time passes us by, only to switch to what we really want to do when we don't really need it, we should grow some balls and make that lifestyle change now. It seems many are just afraid to pull the trigger even though deep down we know it would be better for us. I know I am. I pulled the trigger on a simpler, lower paid job once in the past and I completely forgot about all plans to FIRE because I was no longer miserable. But here I am again. +5. **Post FIRE life not living up to expectations**: Another trend I've seen by those who have actually FIREd is that they complain about missing a whole lot of things they got from work previously: social interactions, daily structure, motivation, etc. Many end up taking part time work or projects to fulfill those needs. This feeds into my previous point that if that's the case then perhaps we should switch to part time work decades earlier for an optimal life. + +Tl;dr: I am wondering if FIRE is worth the intense effort many of us are putting into getting there. I hypothesize that perhaps what we really need are lifestyle changes now. Please share your thoughts and experiences. +Hey you amazing Apes! + +I'm here to bring you some info on our next venture. As some of you may know, we (Abante Productions) are the first to bring an NFT Series and a short film to the blockchain. We are now bringing you NFT Tickets for events. + +We partnered up with FanRoom Live, which is owned by a few people including Cedric the Entertainer. FanRoom Live is a virtual event series online, where Fans get to meet their favorite actors, comedians, athletes and musicians in a group town hall style meet and greet with Q&As. We will be offering NFT Tickets to future FanRoom Live Events. (In the past they have hosted people like, George Lopez, Sean Kanan, Ice T, and so many more.) + + +First event is with Scheana Shay and Brock Davies of Vanderpump Rules, an American reality television series, in which I personally created the 1/1 NFT Tickets. + +[GSMP Collection Link](https://nft.gamestop.com/collection/FanRoomLive_Scheana.and.Brock) + +&#x200B; + +[VIP Ticket No. 420420](https://reddit.com/link/z66lvj/video/ybzpza0lxi2a1/player) + +&#x200B; + +u/WhiteCollarBiker happened to find this and made a post here: [TicketMaster Shaking in their boots? Another Trial Run on GME's NFT Marketplace. Vanderpump doesn't Rule.... GME Does](https://www.reddit.com/r/Superstonk/comments/z62cve/ticketmaster_shaking_in_their_boots_another_trial/?utm_source=share&utm_medium=web2x&context=3) + +u/CachitoVolador makes a great point about TM and being contracted: [Comment](https://www.reddit.com/r/Superstonk/comments/z62cve/comment/ixz27rw/?utm_source=share&utm_medium=web2x&context=3) + +u/YurMotherWasAHamster comments about mass adoption needing to start from the bottom: [Comment](https://www.reddit.com/r/Superstonk/comments/z62cve/comment/ixz3bzc/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Our partnership with FanRoom Live is one we are very excited for (there will are some big names on the docket for future meet and greet events). Building the future takes times and starts somewhere, this community is a great example that shows just that. We have started building a way for the little guys in TV/Film to take control of their work and ideas. We are now starting to show that we can take back other things, like tickets to events without the middlemen who have the monopoly over it, starting with small events/venues with great hopes of growing it into something much larger (which we're currently working towards). + +&#x200B; + +If you haven't seen or heard about our NFT Series, Into the Veil, it's a paranormal mockumentary style comedy. + +&#x200B; + +[Into the Veil: Episode 3 'Mr. Crunklenuts' Trailer](https://reddit.com/link/z66lvj/video/ecb9gji8yi2a1/player) + +Desert Terror is our short film, a Sci-Fi adventure at the height of WWII in the N. African Desert... + +&#x200B; + +[Desert Terror Trailer](https://reddit.com/link/z66lvj/video/64aad5shyi2a1/player) + +We would absolutely **love** to have some Apes at the first NFT Ticket event, of course if you can and want to be part of it. As always, AMA. Thank you all for the love and support you give, not only to us but to each other. I love being part of this family. + +\- Lynn +Coulda let retail take a small crumb of the pie and called it a day but that was **too much for them**. SHF, Fed, their greed extends so far into the deepest sense of their being that they couldn’t let common folk have even a small win. Look where it got them. They did this to themselves. They were the ones who rigged the game and then set the alarms off. + +When MSM starts vilifying us saying that we’re bringing down the economy and threatening to destroy everything, it won’t mean a fucking thing to me. These people have been at the top for so long they might rather die than go down with their ship. I’ll be laughing the whole time, knowing that had they never turned off the buy button, we in all honesty would have likely never started peeling back the layers of corruption they are encased in. + +I hope it hurts. These criminals have been taking from the 99% and getting away with it for too long. A radical shift is around the corner and we’re all here for it, undoubtedly in the best position we can possibly be in. + +The bigger they are, the harder they fall. Let’s make history together. BUY. HODL. DRS. +My family is not wealthy, but three years ago I started a college fund for my oldest son. It's a 529 account. The market has beem violently crapping the bed the last couple of years, and the account has only lost money. On top of that, my kid is now in 12th grade and is not interested in college. + +Even if he does end up deciding to go, at this point I don't think there's enough time for the market to turn around and start posting profits on this account. It seems wiser to withdraw and just put the money in a basic savings account. + +I'm guessing I don't have to pay taxes on the money if I withdraw it, since it hasn't posted an actual GAIN. But do I still have to pay a 10% penalty on the money? Is there any way to get this money out without losing even more? +Curious if anyone here is actively allocating in hedge funds, specifically emerging managers in the space. + +Would love a walk through of logic, amount invested, alternatives you considered, specific factor exposure you were after, etc. +The human race has exchanged many forms of his and services throughout the ages and Bitcoin is just another harmless example. + +If a country stops or restricts you from exchanging digital units of cryptographically data for goods or services.. this should be viewed as an infringement of the very liberty and freedom that make us human. +So this market correction / correction is not new. It happens all the time. But reading the boards / forum you wold think this is something new. Heck, even the over-analyzing on CNBC makes this appear like we are in some sort of uncharted territory. + +I am new to this. I got in at the peak as well (like some of you). I was up 20% in Feb, but now down to maybe 2% up if that ( I don’t want to check). + +I am in it for the long. I still panicked, and made some changes, selling at a loss and rebuying to diversify my profile a bit. + +I think what would be helpful is to hear from people who were in this in the past , how they handled it and how they got out of the rut. + +I am also convinced the so called analysts on TV don’t know jack. Even Cramer... (as an example , 2 weeks ago he was saying PLTR was a good buy at the dip, now he is saying it’s too expensive... I mean seriously) + +Anyways, good trading day to all +I'm thinking of calling it quits after 16 ETH, I currently have 15 and its getting tougher and tougher to load up. My goal of 16 was because of my hopes that staking your own Node *might* be cheaper some day. Next logical step down is 16. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#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/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/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#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/ywAGqfUAQE) +My mom has terminal cancer. She doesn't have much money but wants to be able to give as much to my brother and I when she passes as possible, for reference we live in Pennsylvania. I am currently on her bank account and my family has advised me to start taking money out to avoid inheritance tax. Is that wise? How should I record this money? + +She also bought a new car a little over a year ago and wants to give it to me. We are not sure what the best way to proceed is. Should she gift the car to me? Sell it to me for $1? Should we wait until after she has passed to transfer it to me? + +My brother and I honestly don't care one bit about the money but she so desperately wants to leave us both something. It is heartbreaking to see her so upset her savings have been depleted by treatments. We are all trying to get things settled for her so she can relax for the time she has left. + +UPDATE: Wow, I was not expecting such a big response! I am trying to reply to many of the comments and questions, but -as you are aware by my original post- I am juggling a lot of things and can’t reply to everyone. As many people suggested, I will look into an estate lawyer. Given my mom’s limited assets, it never occurred to me to do. +. +For those wanting more details on the finances: mom does not own her home (lives in a townhouse owned by her mom), has been on disability for years due to severe depression/anxiety. Her bank accounts do not total more than $10,000 and her most valuable asset is her Subaru (valued $20,000?) that she does owe a bit on still. +. +Thank you for every single kind wish and sympathy. This is the worst thing I have ever experienced and never thought it was possible to feel this level of despair. Please don’t smoke, don’t vape, it isn’t worth it! +[When you buy and hold GameStop, you become somewhat of an astronaut yourself 🐱‍🚀](https://preview.redd.it/8ezm4ry9ozp81.jpg?width=1600&format=pjpg&auto=webp&s=e4a8f5f9ab15259ed50791e9305c92fc610438e7) + +Hi folks, Tendie Baron here. + +The current GameStop All Time High is at $483 on close. Here's why I believe GameStop will make new All Time Highs soon: + +# Fundamentals + +* Growing net sales +20% Year over Year, to 6 billion dollars, up from 5 billion dollars, +* Hiring all-star team for management and board as they attracted talents from several big firms (e.g. Amazon, Google, Chewy), +* No debt! +* 1 billion dollars in cash, +* Expansion of warehouses across USA for faster delivery (sometimes even on the same day!), +* Massive shift from 'primarily brick-and-mortar' to a 'multichannel e-commerce' approach, +* Attracting talents in the crypto/NFT space, +* Launching a NFT marketplace with partners ImmutableX and Loopring, tapping into the fastest growing market segment globally (currently $40B+ market), +* Insiders such as Ryan Cohen and Larry Cheng have been buying more shares, showing confidence in the companies growth while also signaling they believe the company is currently undervalued + +&#x200B; + +# Technicals: + +* Just in the last week price action showed a violent bounce upwards from its 52 week low +* This bounce has put 83K calls In The Money (IIRC), these will have to be hedged before or on Tuesday 3/29 +* Borrow fee rate has been climbing to rates only seen just before the January sneeze (rate varies per broker, but all of them report substantial increases) +* Shares are becoming increasingly scarce as 8.9M shares are directly registered which is about 25% of the publicly available float (shares outstanding minus insiders and minus ETFs = about 36M shares) +* Bid-ask spread has been widening all year, it used to be a few cents, now it varies from 0.10 to 1.50 spread. About a 1% spread is substantial as it creates more slippage and volatility. + +&#x200B; + +# Concludingly: + +Public sentiment is turning in GameStop's favor as more investors catch wind of both its fundamental potential, its technical potential and the combination of these factors which gives GameStop its unique squeeze potential. + +TL;DR: BUY. HOLD. SHARE THE NEWS. MOON SOON.🧡 + +&#x200B; + +*Did you like this content, and do you want to see more of my content? You can choose to follow me on Twitter or here on Reddit. Feel free to check out my profile.* +Obviously the work that goes into managing your wealth can be stressful and there is always the possibility of total economic collapse (in which case we're probably all screwed), but at what point did you look at your net worth and feel that you had truly made it? +Ethereum price is rising, and Bitcoin price isn't. Usually ethereum's rises are directly linked to BTC and the whole crypto market rising. Not this time, and I think that's awesome. +#Your daily dose of Crypto + +1. The total market cap stood at $2.2 trillion and is down by 1.3% in the last 24 hours. +2. BTC is facing resistance at $50k as the short term rally stalls, where as ETH is facing resistance at $3.4k. +3. LUNA has set a new ATH of $34.25 and is up by over 16% in the last 24 hours. [link](https://www.coingecko.com/en/coins/terra-luna) +4. Tezos blockchain has been selected as a partner to provide tokenized assets to institutional clients by a group of Swiss Fin-tech companies. [link](https://invezz.com/news/2021/08/24/crypto-finance-group-incore-bank-inacta-select-tezos-for-digital-financial-product-partnership/) +5. Newsletter platform Substack has announced that it will accept Bitcoin for payments using the Lightning Network for a limited number of publishers. [link](https://www.prnewswire.com/news-releases/substack-is-now-accepting-bitcoin-payments-on-the-lightning-network-powered-by-bitcoin-payment-processor-opennode-301360039.html) +6. The majority of respondents of a survey of 2,500 Brits are more apprehensive towards “Britcoin”, the CBDC planned by Bank of England. [link](https://www.politico.eu/article/cryptocurrency-survey-uk-central-bank-digital-currency-fintech/) +7. In India, a new wave of young investors from non-metro cities have increasingly trading cryptocurrencies and stocks since the Covid-19 outbreak. [link](https://m.economictimes.com/tech/technology/small-towns-investors-flock-to-online-brokerages-crypto-platforms/articleshow/85573250.cms) +8. El Salvador’s president has [insisted](https://twitter.com/nayibbukele/status/1429608848998993924?s=20) that using Bitcoin as a legal tender won’t be compulsory in the country, in contrary to what the [law](https://freopp.org/el-salvadors-bitcoin-law-full-proposed-english-text-9a2153ad1d19) says. +9. The saga of the Poly Network hacking has come to an end, as they announced that the hacker has returned all the remaining funds on [twitter](https://twitter.com/tomrobin/status/1429764560064552964/photo/1). + +Edit: I think [this](https://www.reddit.com/r/CryptoCurrency/comments/oy5ovt/daily_discussion_august_5_2021_gmt0/h7rc8b8/) was my first *Your daily dose of Crypto* +[**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/) +Went to the eye doctor for a follow up and I have the start of glocoma. Hopefully eye drops the rest of my life will let me have some vision till I die. I am 38. I also have ankylosing Spondylitis which is an autoimmune disease that attacks my joints and makes me hurt every minute of the day. It will disable me someday. I don't have a chance of making it to retirement I will have to go on disability eventually. This gamestop squeeze and the company it's building into is going to give me the money to buy a good chunk of land, build a house and start a homestead. I'll get to quit my job and work my land till I can't any more. I'll get to spend my days with my kids instead of being too tired to do anything because I worked. I hold for people like me who won't have this opportunity without this awesome company. It's time to take back from the rich what they have stolen from the poor for so long. +I don’t get it. Every 2 to 10 acre property in rural oz thinks they are worth $1M. The blocks aren’t anywhere near sized large enough to make an income, and you can’t drive to a decent job. + +Pinjarra hills in Brisbane gets you an acreage for $1.1M and you can drive to the cbd for your high paying job easy. + +What gives? Are the rural properties asking for 1 and selling for 0.5? +I am lurker of this sub and have seen TONS of posts related to Bitcoin or Cryptocurrency. People focused on looking for longer term investments are most likely not going to invest in Bitcoin or other currencies since they are widely believed to be a bubble. Can we have an automoderator direct these posts to either /r/bitcoin, /r/cryptocurrency, etc? + +I understand that investing is always changing, but until Bitcoin is widely accepted as a national currency, and not just a bubble or something to trade, can we try to put those posts in a different sub reddit? I respect other opinions but I'm curious to see if anyone agrees with me +2020 has been quite a year. I've been asked by a journo how the pandemic has affected people's financial situations, and also how it's affected how people feel about their finances (perception and reality often being two different things entirely). I was able to tell him about my own situation, but my opinion on how other people are doing really was just a hunch. + +So I decided to create a survey to find out, and of course there's no better place to get an informed opinion on this than UKPF! If you've got a few minutes it [would be great to get your input](https://docs.google.com/forms/d/e/1FAIpQLSelfp-i72SGNIcCgDnnyvf289BBTV11NRZdfoTFFmhIlJXpgA/viewform?vc=0&c=0&w=1&flr=0&usp=mail_form_link). +I am not referring to abandoning financial discipline altogether; I think I will always focus on valuing my free time over material possessions, seeking out an alternative lifestyle and avoiding the hedonic treadmill. I am still on board with all of those things. + +I have spent a number of years reading forums on these topics, as well as reading blogs periodically. It just seems like the discussions become recycled after a while, the blogs while occasionally inspiring at this point there isn't much new to be seen or heard. + +I have had a tremendous appetite in the past for reading as many of these discussions as I can and I just feel like I'm losing steam. Just wondering if anyone else has felt this way, perhaps taken a break from reading forums and blogs, etc. I wonder if part of the process for me has been trying to figure out exactly where I fit in regarding how aggressive I want to be, and perhaps I am just reaching a point in time where I have a better idea of what I want from a lifestyle standpoint/savings standpoint than I did previously...... +Several brokers have been defaulting and the investor protection laws are very weak. NSE will only give claim upto 25 Lacs incase of broker defaults, and even this amount will be recovered only after a long time. If you have crores stuck in a defaulted broker then your funds will be lost. + +If you have funds more than that stuck in a broker who has defaulted, then your funds will not be made good. + + +Several brokers have defaulted taking with them the investor funds. + +https://economictimes.indiatimes.com/markets/stocks/news/investors-protest-against-suspended-brokerage-firm-outside-kolkata-sebi-office/articleshow/72480839.cms + +https://economictimes.indiatimes.com/markets/stocks/news/another-delhi-broker-f6-finserve-defaults/articleshow/63690893.cms + +https://www.thehindubusinessline.com/markets/stock-markets/after-karvy-another-broker-vrise-under-sebi-scanner-for-share-pledging/article30150258.ece + +SEBI has become grossly incompetent body. Journalists who exposed Harshad Mehta scam is alleging the Chairman of SEBI is involved in this scam. https://twitter.com/suchetadalal/status/1287979882907987968?s=20 +Several brokers have been defaulting and the investor protection laws are very weak. NSE will only give claim upto 25 Lacs incase of broker defaults, and even this amount will be recovered only after a long time. If you have crores stuck in a defaulted broker then your funds will be lost. + +If you have funds more than that stuck in a broker who has defaulted, then your funds will not be made good. + + +Several brokers have defaulted taking with them the investor funds. + +https://economictimes.indiatimes.com/markets/stocks/news/investors-protest-against-suspended-brokerage-firm-outside-kolkata-sebi-office/articleshow/72480839.cms + +https://economictimes.indiatimes.com/markets/stocks/news/another-delhi-broker-f6-finserve-defaults/articleshow/63690893.cms + +https://www.thehindubusinessline.com/markets/stock-markets/after-karvy-another-broker-vrise-under-sebi-scanner-for-share-pledging/article30150258.ece + +SEBI has become grossly incompetent body. Journalists who exposed Harshad Mehta scam is alleging the Chairman of SEBI is involved in this scam. https://twitter.com/suchetadalal/status/1287979882907987968?s=20 +Is there an easy way for Indian investors To get exposed to these Emerging markets? + +Has anyone done this and can share their experience will be great +I don't think we have had any major discussion regarding ETFs on this sub. + +Which are the ones worth buying? (I am interested in the ones mirroring nifty50 and nifty next 50) + +What kind of fees am I looking at? + +How's the liquidity? Can I be stuck with the units like an illiquid stock? + + +What are the advantages /disadvantages of an ETF over a direct mutual fund? +Hi Everyone, + +Continuing my post from the other day ([https://www.reddit.com/r/IndiaInvestments/comments/nc13oz/need\_help\_looking\_for\_monthly\_rolling\_returns\_of/](https://www.reddit.com/r/IndiaInvestments/comments/nc13oz/need_help_looking_for_monthly_rolling_returns_of/)). + +**Objective:** Find the appropriate asset allocation for long term investing + +**Approach:** + +1. For Modern Portfolio theory , used this method ([https://www.wealthfront.com/investing](https://www.wealthfront.com/investing)) +2. 10 Yr historical monthly rolling returns (2010-2019) of 'investable assets' - Large cap, Mid cap, Small cap, Gold, N100, GSec, Real Estate. Excluded Real Estate later as liquid, diversified investment method isn't available +3. Calculated covariance matrix, and used solver to optimize portfolios +4. Calculate the return of the suggested portfolio (Jan 2020 to Apr 2021) + +&#x200B; + +**Result:** + +|**Portfolio >>**|Max return|Mid|Low Risk| +|:-|:-|:-|:-| +|Risk factor|2.2|1.8|1.0| +|**Split:**|||| +|Gold|0%|10%|22%| +|Large Cap|30%|11%|14%| +|Mid Cap|35%|35%|5%| +|Small Cap|0%|0%|0%| +|Nasdaq 100|35%|35%|24%| +|G-Sec|0%|9%|35%| +|**Return (Jan'20 - Apr'21)**|46%|45%|30%| +||||| + +&#x200B; + +**Observations:** + +1. Gold is a winner! Wasn't expecting it be in the portfolio. But I guess, it's a good currency + inflation hedge +2. Midcap > Large cap. Went through the details and it seems midcap and nasdaq are inversely correlated. Hence, adding midcap lowers the risk + +**Notes:** + +1. Have accounted for expense ratios of ETFs/Index funds corresponding to each asset +2. Taxation wasn't considered +3. Max 35% allocation to a particular asset + +&#x200B; + +What do you guys feel? Think Mid works out well with a 80:10:10 split + +&#x200B; + +Warning: This is a theoretical exercise, and shared for discussion and getting feedback. This is not, and shouldn't be taken as investment advice +Every day at work, my coworkers go out to lunch. I live in a bigger city and lunch is a whole affair and usually costs me at least $15 if I go for a cheaper healthy option, we sit there for at least an hour. I'm fairly new to this company and from the first time I've been invited I've managed to build some really valuable work relationships and pick up a lot of Intel which I wouldn't have otherwise found out. However, eating out every day is extremely expensive and it's costing me a fortune. How do I not lose out on the networking while saving money? +Question: I've noticed that some of my ETFs such as VFV which follows the S&P 500 or VOO are changing today? How is that when the US market is closed and VOO isn't moving? +Canadian banks have been considered a great investment for the last decade however there seems to be a multitude of headwinds in the horizon. I’ll do my best to state the bear case: + +Commercial delinquencies are rising. These are very much tied to oil investment these have generally been low delinquency low risk loans for commercial segments of the banks. With our oil prices at the levels they are there doesn’t seem to any improvements on the horizon. + +Housing bubble: very much tied to the economy. Not much to say here other than we’re probably at peak market. A flat or soft landing is the BEST CASE. Anything else spells trouble for the banks. + +Fin-tech: Canadian FI are big by design and as a result slow to react to changing trends. As fintech companies continue to disrupt financials around the world its only a matter of time before technology like Robin Hood, peer to peer lending, Amazon pay will arrive to Canada. + + +Obviously this is speculative, but it seems like the best days of the banks are behind us. I know this goes against the grain here, but I’d love to hear the counter arguments. + + +Texas Senator Ted Cruz is seeking to strip language defining who is a crypto "broker" from a multibillion-dollar infrastructure package that was just signed into law.  + +According to a [statement](https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-to-repeal-infrastructure-bills-devastating-attack-on-emerging-cryptocurrency-industry) from Cruz's office, [the proposed legislation](https://www.cruz.senate.gov/imo/media/doc/20211115.cryptobill.pdf) would, if passed, remove language aimed at tightening reporting requirements for "brokers" in the digital asset space. The legislation mirrors an [earlier attempt](https://www.theblockcrypto.com/linked/113707/sen-portman-throws-support-behind-amendment-to-his-crypto-provision-in-infrastructure-bill) by Cruz to eliminate the language from the infrastructure package in August, as previously reported.  + +The original inclusion triggered a raft of efforts by crypto industry advocates to either amend or remove the language, though these efforts ultimately failed. The infrastructure package was signed into law Monday by US president Joe Biden. Supporters of the definitions have said the expanded definition would help provide funding for the infrastructure package.  + +Notably, some of the other senators involved in the pushback [have proposed their own legislation](https://www.theblockcrypto.com/linked/124388/senators-wyden-and-lummis-to-introduce-crypto-amendment-to-bidens-infrastructure-bill) that would revise some of those rules.  + +By contrast, Cruz is once again trying to cut the provisions entirely. + +"As a deliberative body, the Senate should have done its job and held hearings to properly understand the consequences of legislating on this emerging industry before we risked the livelihoods and privacy of participating Americans," Cruz said in a statement. "I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary barrier to innovation." +When closing positions with zero lag can be critical, I wonder if there is a minimum standard for broadband speed to ensure you are not disadvantaged. + +Also of concern is ensuring your chosen broker is not prone to lag or slow down when volumes get high. + +Any thoughts on this? + +***UPDATE: + +Yes you are right it is a concern given my trading strategy as I have been noticing trades closing visually at say £500 profit, but by the time all the connections complete, the actual value can be vastly different e.g £20. + +This does not happen all the time, perhaps 1 +in 10 trades from dip-checks, but still worrying enough for me to look at all options to reduce lag. + +Im going to investigate the api source details and also determine if I can speed up some of the scripting completion times. + +thanks for all comments*** +&#x200B; + +[GME Earnings Deep Dive - The Astronaut's Name is Mo](https://preview.redd.it/avx2jgd3b5291.png?width=2880&format=png&auto=webp&s=9187da8ba4eac0faf890de45d30b3b993693d2bf) + +I’ll start by saying this is the first DD I’ve ever written, cannot read TA for the life of me and am also probably most definitely a little retarded - BUT I have been deeply invested (69 shares + periodic bunches of options) since December of 2020. I’ve followed the story from (just about) the start and have experienced every up and down the stonk has offered. + +\*All in all, I’m going to stray away from fancy charts and crayons and produce the facts, the fiction and everything in between. I miss thoughtful discussion and DD on this sub (and others) and would like to provide the info I know best on something I’ve followed for what’s going on 18 months… + +[What a sexy chart.](https://preview.redd.it/kyfq3f64a5291.jpg?width=2778&format=pjpg&auto=webp&s=60e2ee1c2af578eafef2a511e6978d93bc6a8f77) + +# Q4 Earnings Recap + +In Quarter 4 of 2021, GameStop had expanded its offerings in many ways while also beginning to build the GameStop NFT Marketplace + Wallet. They made countless major PC partnerships, expanded their online store to feature countless items they’ve never sold before (TVs, Toasters, PC Parts/Accessories, Toys/Collectibles). They redesigned many of their “featured” GameStop stores – this list could be a 10 pages long before I talked about everything that was happening by this point last year. + +* **Generated net sales of $2.254 billion for the quarter, compared to $2.122 billion in the fourth quarter of 2020 and $2.194 billion in the fourth quarter of 2019.** +* Established new and expanded brand relationships, including with PC gaming companies such as **Alienware**, **Corsair** and **Lenovo**, that contributed to sales growth in the quarter. +* **Grew PowerUp Rewards Pro members by 32% on a year-over-year basis**, taking total membership to approximately 5.8 million. +* **Entered into a partnership with Immutable X that is intended to support the development of GameStop’s NFT marketplace and provide the Company with up to $150 million in IMX tokens upon achievement of certain milestones.** +* **Launched a redesigned app, which includes an enhanced user interface, improved scalability for a larger product catalog and more functionality to support exclusive offers and promotions.** +* **Hired dozens of additional individuals with experience in areas such as blockchain gaming, ecommerce and technology, product refurbishment and operations.** + +# FULL YEAR OVERVIEW + +* **Generated net sales of $6.011 billion for the fiscal year, compared to $5.090 billion for fiscal year 2020. (THAT’S AN EXTRA BILLION!)** +* Expanded the product catalog to include a broader set of consumer electronics, PC gaming equipment and refurbished hardware. +* Made significant and long-term investments in the Company’s fulfillment network, systems and teams. +* **Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets. (BY NOW THEY ALSO HAVE FULFILLMENT CENTERS)** +* **Raised more than $1.67 billion in capital and eliminated all of the Company’s long-term debt, other than a $44.6 million low-interest, unsecured term loan associated with the French government’s response to COVID-19. (1.67 BILLY ON HAND!!!)** +* **Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Company’s focus on meeting heightened demand and mitigating supply chain headwinds.** + +# The Facts + +* **This is the most important one -** GameStop has redeveloped their brand to be infinitely more than just a brick-and-mortar company rotting away in shopping centers – so, what is it? GameStop has gotten rid of every losing store, they’ve added same day delivery and fulfillment centers to hold large amounts of inventory and speed up shipping times, while also having an up-to-date user friendly app experience where you can order the products you love and receive them the same day for better prices than Amazon or any other distributor.  +* GameStop is becoming their own version of a bank by offering the GameStop wallet and venturing into the Crypto space. They will go live with GameStop NFT Marketplace before the end of Q2 that you will soon hear is partnered with some of the biggest brands you know and love. **More on the crypto wallet down below the rumors**, it will be pennies on the dollar to buy and trade NFTs and crypto, currently it costs about $80 to purchase 1 ETH on Coinbase, how much is it on GameStop’s wallet? $40.  +* GameStop has over $1.5 Billion in cash on hand and has been sitting on it for almost a full year. They’ve cleaned up and rehashed all of their debt for the better long term. +* GameStop has a $10.47 Billion valuation, while OpenSea is estimated to be over $13.30 Billion; what will happen once the GameStop Marketplace is launched and we hear there are more than expected users already using the GameStop Wallet? +* New Hires – I can’t fit them all or this would be a whole lot longer, 429 of them to be exact. Many of them are top executives from companies like Chewy, Amazon, Apple, Microsoft, Zulily, Zappos and many more. See GMEdd.com - [https://www.gmedd.com/report-model/](https://www.gmedd.com/report-model/) +* Over the past 18 months they’ve increased their cash on hand, online sales, yearly revenue, while also completely redeveloping their business. +* GameStop is holding its annual shareholders meeting June 2nd to vote for/against a share split by dividend. +* GameStop has officially transformed from a retail brick-and-mortar to a technology company while offering better prices and faster shipping than most if not all competitors. +* Partnered with various big named brands such as Microsoft and Sony. GameStop gets paid a % for online downloads, Xbox Game Pass and the like. +* Major Blockchain Partners publicly known - Looping + Immutable X +* They also invested in themselves and stocked up on inventory during a low inflation and low borrow fee environment. Now we’re in high inflation/higher borrow fee. They saved a lot of money by getting the spending out of the way beforehand. Short term pain for long term gain like any other company transformation or even any individual starting a small business. Those negative EPS really aren’t so negative, and financials will only improve drastically from here out. - u/PurpleSausage77 (These were too important to leave out) +* Multiple Revenue Streams - potentially several different streams in which they get paid which in part is going to make investors a lot of money while adding a lot of value and delight to the industry. - u/PurpleSausage77 (These were too important to leave out) + +# The Rumors + +**(There is loose proof for and against some of these things)** + +* Shorts never covered and the price is wrong. +* Hedge Funds & Institutions still have a major advantage over retail investors and heavily control the so-called "Meme" Basket, aka the retail ETF and stocks. +* Somewhere between 30-40% of the publicly available free-float is locked up through DRS/ComputerShare +* Ken Griffin is running out of Mayo +* DFV to be working behind the scenes in some type of way? +* GameStop to purchase LoopRing and become their own bank? Loopring has been much too silent compared to Immutable X since the announcement of partnerships. +* Hasn’t really been mentioned by anybody, but RC has joked about the metaverse. GME to take on the metaverse once the marketplace opens? +* GMErica - an entertainment company; what is it? Nobody knows! + +# The Newly Released GameStop Wallet + +**(This is just too cool not to talk about!)(Most of this taken from GMEdd.com)** + +[You're Totally Sleeping If Your Wallet Isn't Live Yet](https://preview.redd.it/1yx7jfu7a5291.png?width=1536&format=png&auto=webp&s=ac3843c860e7719f4da51e87eb625d366a512041) + +GameStop has announced the company’s much-anticipated release of the GameStop Wallet, a digital asset wallet that allows gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens across decentralized apps without having to leave their web browsers. + +GameStop has announced the company’s much-anticipated release of the GameStop Wallet, a digital asset wallet that allows gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens across decentralized apps without having to leave their web browsers. + +The GameStop Wallet is a self-custodial Ethereum wallet. The wallet extension, which can be downloaded from the [**Chrome Web Store**](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fchrome.google.com%2Fwebstore%2Fdetail%2Fgamestop-wallet%2Fpkkjjapmlcncipeecdmlhaipahfdphkd&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=Chrome+Web+Store&index=1&md5=6520ad5a23cbc5c18d6f9ec6fdf52980), will also enable transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of GameStop’s fiscal year.The GameStop Wallet Beta allows users to trade and transfer digital assets on both Loopring Layer 2 (L2) and Ethereum Layer 1 (L1) under the same wallet address. L2 offers users transaction fees as low as 0.1% of Ethereum L1’s exorbitant gas fees. + +The GameStop Wallet isn’t just an ordinary crypto wallet.Harnessing the power of Loopring’s zkRollup – an Ethereum Layer 2 scaling protocol – GameStop gives users low cost and fast transactions, with Ethereum security, opportunity, and global reach. This allows users to reduce gas fees and network congestion, while always remaining in control of their funds. + +&#x200B; + +https://preview.redd.it/na11kid9a5291.png?width=4000&format=png&auto=webp&s=9e74b45cc67a75c40040df9b9e62e881eb23954e + +GameStop states that the Wallet is “great for n00bs and power-users alike,” and that GameStop Wallet can be your homebase and portal into the world of Ethereum. + +The wallet is also connectable to the wide ecosystem of Ethereum dApps, “including GameStop NFT – a marketplace to buy digital goods!” + +Available now at [**wallet.gamestop.com**](http://wallet.gamestop.com/), users are prompted to create a new wallet or recover an existing wallet with their 12 word seed phrase. + +# What Do I Expect? + +With GameStop still being the top dog to get next-gen consoles from while also constantly expanding their e-commerce offerings, I expect them to narrowly beat earnings this quarter but will (hopefully) announce dates for a split-by-dividend, the Marketplace and future plans & partnerships. + +**TLDR: With GameStops release of their wallet and soon-to-be marketplace they have officially become a technology company rather than a brick-and-mortar. Over the past two years GameStop has made over 429 hires, many of them being executives from companies such as Amazon, Chewy, Apple, Zappos, Zulily, Microsoft and many more. While also redeveloping business, cleaning up their financial statements and planning toward the future, GameStop has completely transformed to have ALL of the weapons in its arsenal to be the top dog in the $150 Billion gaming industry. I’m sure there’s quite a few things I missed throughout typing this but wanted to hear you guys’ arguments!** +Thanks to some awesome work by u/Suspicious-Singer243 at looking at [SEC FTD data](https://www.reddit.com/r/Superstonk/comments/okvtid/june_2021_second_half_failuretodeliver_sec_data/) highlighting when FTDs were extremely high, I noticed those peak FTD dates line up mysteriously well with the dates when worthless \[\*1\] deep OTM Puts are opened. It seems to me that this corroborates the theory that deep OTM Puts are used to hide FTDs. + +Take a look at this chart: + +[Timeline of FTDs, worthless Deep OTM Puts &amp; ETF Short Attack](https://preview.redd.it/kqb2bqjqpfb71.png?width=1892&amp;format=png&amp;auto=webp&amp;s=db7ab1fcba6d18531ec502fcfa43c5eda97009ce) + +FTDs (in 100s to make the chart prettier) go downward in orange so it's easy to see when the peaks are in time. I've color coded the local FTD peaks in red so you can see them more clearly. The blue and green lines are when the worthless deep OTM Puts for March ($1) and July ($0.50) are opened. You can see spikes in new worthless deep OTM Puts being opened that basically correspond to the red FTD spikes. What's also amazing is we saw heavy GME ETF shorting on June 9th from [this tweet](https://mobile.twitter.com/zionlio29288757/status/1402726869443698688) which also corresponds to a small July Put opening spike and also a huge GME stock price drop. + +Basically, the FTDs from 2020 were stacking up through Jan 2021, then they hit an "Oh Shit" moment where they came up with all sorts of shenanigans to hide those problems and kick cans down the road. + +One caveat about this chart, the dates are a bit wonky. The OI Change calculation happens after the fact so that data might be delayed a bit. At the same time, the FTD reporting is by settlement date where that also lags a bit too. In the grand scheme of things, I think these two lags more or less cancel out so you can see the bigger picture correlations. (I know, correlations are not causations. But I'll be a [monkey's uncle](https://en.wikipedia.org/wiki/Monkey%27s_uncle) if if this isn't damn suspicious.) + +**tl;dr:** I think this time-series data is showing FTDs being converted into deep OTM Puts *and* shorted ETFs containing GME. + +\*1 I defined the Puts as worthless when their delta at opening is less than a penny. In essence, when the price of GME stock moves by $1, the prices of these puts move by less than a penny (if at all). + +Edit: The [Google Sheet](https://docs.google.com/spreadsheets/d/15btdyQ8b0hwdELYDTbwqAsbGmAKZPBW6jlHvIUgIM_g/edit) I used to create it. The ETF line I drew on to manually since it’s just one date. Data set used is the same options data set I purchased previously. (Am asked about it when I didn’t mention it; and accused of shilling for the company who sold me the data when I did. Can’t win. 😂) +I'm in a temp to perm role, not able to save anything and I only have one month's work of rent & bills in my account. + +I'm panicking. I fully intend to turn permanent but I need to make more money as a matter of urgency. I've started matched betting. +Update: first time making the front page and off such an innocuous post. + +My commute is 7 miles rain, shine, snow, wind or ice. I drop in more miles pre or post work depending on the weather - Brooklyn to midtown Manhattan. + +https://www.instagram.com/p/BhJXANUBrnF/?taken-by=onespeedfixed + +https://www.instagram.com/p/Bh8ysFbhf-y/?taken-by=onespeedfixed + +https://www.instagram.com/p/Bj2Dh1uBENz/?taken-by=onespeedfixed + +It is a commitment I made to myself a long time ago and is almost a religious thing for me now. I use a Garmin/Strava [one speed] to track all my mileage to set my yearly milestones. In a normal year I will drop in 3500-4000 miles. A really good year is 5000 miles-but this is very rare. I gave up the gym about 2 years ago and dont plan on ever going back. The bike is my gym and I have to make sure I use it every day. + +I have inspired some coworkers over the years to start riding in and with the Citibike bike share, it is even easier for anyone to do this now in NYC. + +Feeling really good about this new revelation. I am actually realizing money instead of knowing I am saving money not taking the subway. + +Hit me up with any biking logistics questions. I have hammered them into submission after 20 years of doing this. + + +S&P is about 2% away from ATH and futures are up 1.25% + +Past 2 week have been rough, especially for growth stocks. However it seems like Dec may be another bull run. Even Chinese stocks are trying to rebound. + +Are you bullish? +Bloomberg reporters are claiming this: + +https://twitter.com/jenniferjjacobs/status/1240047148542148608?s=21 + + +https://twitter.com/salehamohsin/status/1240045093958057985?s=21 + +I'm not sure how much of this is fear-mongering, but I don't think it would be in the White House's best interests to fan the flames even more. + +Jobless claims in the state of Connecticut: [“30,000 unemployment claims have been filed in Connecticut since Friday. The typical number is 3,000 to 3,500 a week”](https://twitter.com/hartfordcourant/status/1240030999888756739) +# December 2021 rebalance + +**Quote:** "Signature Bank, SolarEdge Technologies and FactSet Research Systems Set to Join S&P 500" + +[Changes of S&P 500 in December 2021](https://preview.redd.it/0u4et38une381.png?width=1012&format=png&auto=webp&s=863c7a15fd4efbb8371ed7d70d7fdd1fa29d44eb) + +**Date of the press release:** 3rd of December 2021 (after market close) + +**Source:** [1445690\_5shuffle64pr.pdf (spglobal.com)](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20211203-1445690/1445690_5shuffle64pr.pdf) + +&#x200B; + +# Rebalance announcement dates + +[Rebalance announcement date](https://preview.redd.it/ggys9z35re381.png?width=1029&format=png&auto=webp&s=9566b1f35e718d8532074b751fbf95753fa7bed5) + +**Source:** [1443000\_spasxreferencedatemethodologyupdate9-3-2021.pdf (spglobal.com)](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210902-1443000/1443000_spasxreferencedatemethodologyupdate9-3-2021.pdf) + +&#x200B; + +# The bet of crepes guy + +**Update regarding the crepes guy (account already deleted)** + +**His bet:** GME will be announced to join the S&P 500 in December 2021 + +**Status:** He failed to deliver ... + +[The crepes are still waiting.](https://preview.redd.it/mf9x46a2se381.png?width=979&format=png&auto=webp&s=8857daa935286bdc3fa9a832e86e6c0e9710c92e) +Basically the title. My husband and I bought our first house 6 months ago, and the cheapest quote we got to stabilize the foundation was $30k. We have 2 months expenses in our checking account, and $70k in a high yield savings account. + +Option 1) pay 50% deposit now and 50% when the work gets done this summer + +Option 2) pay 50% in cash now and do interest-free financing provided we pay the balance within 12 months + +I like the idea of having it over with and not having to deal with extra monthly payments but also find it a stressful thought to drop that much money at once. What’s the better way to go? +In the past year US market outperformed (by far) pretty much everything else, including the Japanese Nikkei, the Korean KOSPI, and the EU (DAX, etc). + +Comparing, for example, NASDAQ vs. KOSPI performance year-to-day the former is up 25% while the latter is actually down 0.5%. + +S&P500 vs. DAX - the former is up 27%, the latter is up only 5%. + +S&P500 vs. Nikkei225 - 27% vs. 5%. + +It may be partially explained by higher inflation in the US, but that can't be all. There must be other factors. Ideas? + +As a side note, KOSPI is down while everything else is at least somewhat up, so what's wrong with the Korean market? +Bought 20% down for $785k 4 years ago. Have $633k left on mortgage at about 4% interest, $3100 P+I only per month, and saving for forever home. If we would be able to wait a few more years and pay cash on down payment for forever home, would it be worthwhile to keep it to rent? + +Tax is about $12k/yr. Rent would be about $3300/mo but the quality of renters here are generally stable (whatever that means now) young professional families. + +We would ideally do some cosmetic touch ups around $10k to fix it up for rent, but could sell as is without fixing. + +Edit: house would probably sell about $850k right now + +Edit: $850 is what our realtor suggested we list at to close if we want to trade up contingent on a sale, not sure if that’s what it’s worth but comps around there +Ok, I've done a lot of these bubbles. So for the n00bs and the people that have only done it once, let me give you some sober advice. + +* Get your Bitcoin out of exchanges during a bubble. If you're an active trader, you're probably an idiot and won't listen to this advice. But at least I can say I warned you. + +* Bitcoin price will go to the moon, and Bitcoin price will drop. The pain of drops gets worse and worse and worse. When we hit $30 after Schumer told the world you could buy drugs with Bitcoin, there were tons of people who bought, and were sad and lonely and depressed after it crashed back to just below $1. Think about how much worse that will be when people put their life savings in at $10,000 and the price crashes to $1,000. There is going to be a bad multiplicative effect here if the bubbles get bigger and bigger. + +* You don't know anything, you don't know how high it will go, you don't know how far it will crash. Don't play the game. Just ride. If you belieb this experiment will work, then just hold. You will be sad you didn't sell at the top, but you will be glad you ended up better than you were when it was low. + +* Don't invest more than you can lose. + +* Stop trying to explain why the price is going up. There is almost no reason that it should be mooning right now, which should tell you that this is very likely just irrational exuberance. Many of you will be given to it. You will dump your money in, exacerbate the bubble, and we will see a rash of news reports, more and more people will pour in, and more and more money will be on chain. It will be good for Bitcoin, as it will bring with it a large number of new beliebers. But it won't be easy when we hit another long lull where Bitcoin sits for a long period of time at some small number. + +* Don't tell your family to get in. + +* Don't tell your friends to get in. + +* Avoid pumping generally. Answer questions about Bitcoin, but give everyone the caveat: "I never recommend anyone buy unless they first understand the technology and beliebe that it will work." Or something like that. + +* With a new rash of people there will be new scams. If you have not yet been scammed, you will be, and if bitcoins are worth a lot, it will hurt now worse more than it ever has. You will hear people say, "I wish I bought when it was $200." The appropriate response is: "Bitcoin never goes up, only down." + +* Remember, in the aftermath of every price increase, is a deep regret from everyone who did not buy before the price increase. Do not live with regrets, just keep marching forward. We are here because Bitcoin as a technology works. If you don't belieb that the Bitcoin will only work if you get rich, you should probably get out. Because this is a very slow, long play. + +* Everyone who comes to Bitcoin now will come with an arrogance you will not realize you had when you came. You probably don't realize how much you have learned since you got here. Be kind, but be a dick. Now that you have seen it, you need to save the n00bs from giving their money away. Be highly critical of their wrongheaded ideas. Also, remember to point to history when they start to tell you all the ways in which they want to repeat it: "I don't think Bitcoin will work because... 10 minute transaction times... no one accepts it... it's too hard to use... it's not scalable... it's not anonymous enough... you can buy drugs with it... only criminals use it... Bitcoin companies are all scams... it has no intrinsic value... and on and on and on." For them we have a meme: http://imgur.com/t2sfuot + +* When all is said and done, many of you will have a lot more money than you have ever had before. Spend a little, have some fun. Hold the rest and save it for a rainy day, because Bitcoin *could* go to $0. You never know. + +* Get your money out of exchanges. +So I am just doing my usual late night googling about a certain Market Maker for a certain stock...anyway yada yada I found my way to an article from 2019 about Robindahood and how they were fined for some shady stuff with their PFOF. The article listed Wolverine Securities LLC as one of their main buyers so I started looking into them. + +This is where it *COULD* be interesting I don’t understand this stuff super well. According to [this](https://fintel.io/so/us/gme/wolverine-trading) Fintel page, as of May 14th, they own about 1.3 million GME puts. + +Thing is they also own just under 1 million GME calls. Is this normal and they are just hedging their bet? Still weird how they can over 126 million shares in puts. Also this seems eerily close to the 1.1 million puts that popped up from those Brazilian firms. + +But how are these related you might ask? Well [FINRA](https://brokercheck.finra.org/firm/summary/172711) cancelled the firms license in June of this year for not paying a fine of $20,000. Seems like chump change for a firm with over $500,000,000 in GME options (I know it’s not the same as having that money something something option but not obligation). + +On top of that as of July 12th, their registration status with the SEC was terminated. Now this part I’m kind of lost on because it says this is usually done to get a company delisted off the exchange, but I can’t find anything about them being a publicly traded company or historical data besides Wolverine worldwide inc which is likely a subsidiary. The only thing is, that stock is still listed. According to google, after your registration is terminated you have ten days to fix your shit or the delisting is done “swiftly”. It’s been just under a month since theirs was terminated. + +Some more googling shows that this behavior is what some consider “going dark”. *Most* of the time this signals the company has poor future prospects and doing this usually initially causes negative returns. + +Could they have blown up and tossed their short position onto those Brazilian firms? Is all of this just normal behavior!? Find out soon if this gains any traction and someone smarter and more wrinkled than me can actually explain stuff! + +TADR: +Wolverine Securities LLC has a 1.3 million put options in GME and possibly exploded + +Edit: Also just throwing [this](https://www.reddit.com/r/Superstonk/comments/ooptc3/i_aint_hear_no_bell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) here. It’s a post by our boi Atobitt that highlights some of the shady shit this firm has done in the past + +Edit #2: I would like to point out the May 14th date I put is the filing date. The date those numbers are reported from are March 31st. My bad. + +Edit #3: looking at the Bloomberg Terminal data from yesterday, Wolverine Trading owns 13,843 put options but their 13F says 1,384,300. Weird it’s off by a factor of 100. However, the “top” put owner Simplex’s ~80,000 puts is accurate to their most recent 13F. Weird stuff y’all another “glitch”? +This might be more of an eli5, but I don’t see the fuss or benefit of negative gearing? +I have an investment property, that was our ppor and we moved interstate. It currently intakes about a 5k net profit annually after expenses and after paying principal and interest. Yes we pay tax on that net income, but it’s still more money right? + +Why would I be better off with it being negative geared and yes not paying tax on an income, but ultimately not getting any income at all that way? + +I’m just a little confused why it seems to be pushed so hard that you should have negative geared investments. +https://finception.in/markets/real-estate/ + +Well written article. But people have been calling the real estate market a bubble for years now and it hasn't burst yet. Thoughts? +From this year onwards, interest earned from contributions greater than 2.5 lakhs is taxable. + +If I were to contribute 3.5 lakhs in the upcoming FY 21-22, I understand that I have to pay taxes on the interest earned from the excess 1 lakh. In FY 22-23, would the interest on the entire corpus be non- taxable? +https://finception.in/markets/real-estate/ + +Well written article. But people have been calling the real estate market a bubble for years now and it hasn't burst yet. Thoughts? +Inviting views on Yes Bank's recently announced FPO. + +Price fixed at 50% discount, looks cheap. + +Edjt: when I say cheap I mean post money book value of about 15 a share, after clean up has already happened, I find FPO is coming at a reasonable price at about 0.8 times. +I'd be a buyer at 13 rs. (expecting anchor portion to get subscribered at upper range of 12-13). +Disclosure: never bought Yes bank always have been sceptical while it was falling (more luck then research) thinking of getting in at this price. +* **AMC has launched a new platform on its website just for its new retail investors.** +* **The platform provides these shareholders with exclusive promotions, like free or discounted items and invitations to special screenings, as well as direct communications with CEO Adam Aron.** + +>Aron and AMC plan to [donate $50,000 to the Dian Fossey Gorilla Fund](https://www.cnbc.com/2021/05/07/amc-ceo-adam-aron-raved-about-its-reddit-investors-on-an-earnings-call.html) — a clear nod to these new investors, who call themselves apes and refer to Aron as “Silverback.” AMC also has shifted its communication style to speak directly with shareholders via social media, including YouTube. Aron has even taken a renewed interest in Twitter, “following” hundreds of accounts tied to the “ape army.” +> +>“During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners,” Aron said in a statement Wednesday. “With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. **After all, these people are the owners of AMC, and I work for them.**” + +Source: [https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html](https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html) + +AMC's new investor connect:[https://www.amctheatres.com/stockholders?rel=stockholders\_stockholders\_hp\_hero](https://www.amctheatres.com/stockholders?rel=stockholders_stockholders_hp_hero) + + +Thoughts? +As a background, she died after an 8 year battle with colon cancer. She did not leave a will. We are in the USA. She had handled all the finances for her and my dad, and I've been financially independent for about 16 years, but I moved back in with them to help out towards the end. My dad is 74 and has dementia and cannot do this himself. I am an only child and we have no significant relatives to speak of, just my dad and I, I have no kids or significant other. + +Since she handled finances, we didn't really know how much there was for sure. Turns out it's $1.1mil in liquid assets, in 5 accounts with the same bank, my dad is joint owner with her on all of them. Between their two retirement accounts, it's $2.2mil. another investment stock account is $133k. House and cars and stuff are probably another $400k. + +We're talking around $4mil in total. + +I've always lived a lower middle class life. Never owned a home and only cheap cars. Not really sure how to handle this kind of money. And my dad with his dementia certainly doesn't know, he can't even remember how much there is even after I've told him many times. + +The money is all my father's, I have no claim to it (and I don't need to, like I said I'm not hurting for money personally). But he can't manage it, and I'm wondering what I can do to help him manage it. He shouldn't have $1.1mil liquid in checking accounts, for example, that should be invested somehow right? + +I know many of you will mention getting financial power of attorney over the assets. Perhaps that is the best thing, but my dad is a proud man and he will not take that suggestion well lol. Is there some way wli can jointly manage it with him legally? + +Any advice appreciated, I've never had to deal with this stuff before. Thank you. + +Edit: Thank you everybody for the responses. I have read all of them, sorry if I didn't respond, but I appreciate the advice very much. Thanks for all the well wishes. And thanks mod team for keeping it civil. I will be calling attorneys this week. +Think I'm kidding? You really think a machine as lucrative as wall street which has turned generating dollars into a science would ever remain on the sidelines? + +How exactly did you think the "institutional money" that we've all delcared was waiting, would enter the game? At the ATH's WEEEEEE created? + +Media assaulted your profits. Article after article touting the end of the world. Blockchain techies kept saying, "HODL." + +You didn't listen. + +'India is banning cryptocurrencies.' was the written rumor, and it spread like wildfire around the globe. + +The truth - that the finance minister's words were exaggerated, didn't even reach your twitter feed. Did you ask yourself "why?" + +Then came this diddy: 'China is banning cryptocurrencies.' + +Are they? Tell you what, when NEO announces it's closing its doors forever, I'll believe China is banning crypto. Did NEO close its doors? + +A tsunami of FUD flooded our social media at the same exact time Bitcoin drops like a hot potato, just like it has done every year at the same exact time. This campaign really wasn't difficult for Wall Street Whales to plan. + +A symphony of FUD composed for your very eyes, timed perfectly to lead up to the SEC's meeting yesterday. + +And what came out of the meeting? Why gee, look at that, the US isn't banning crypto. But it will be regulated (which is wonderful). + +But wait... then.. right after the meeting ends Mark Warner, the US senator from VA, gets his lackeys in the media to print an article where he states there's no way to ban crypto because the underlining blockchain technology is too revolutionary. + +He stated that he sees blockchain more transformational than cellphones. In fact, he even threw out numbers. And I paraphrase, 'what seems like a few hundred billion in market cap right now, could easily be $20 Trillion by 2020.' + +You think it's a coincidence this article came out after the SEC meeting? + +You think it's a coincidence that after those two snippets yesterday I get an email in my box today saying Coinbase is now accepting direct and immediate purchases with my bank account? This, on top of credit cards announcing you can't buy crypto anymore on their credit? + +Now they step in, and scoop up all the profits you lost, which gives them the power they didn't have. And why? Because wall street sharks sharpen their teeth on rookies. That's why. + +Will the market drop again? Yep. Might it crash? If BTC crashed every year in January for the last 4 years, I'm going to say yes. + +However, will it be because the underlying technology is so weak and bad that the cryptoassets linked to these blockchains are valueless? Nope. + +It will be because suckers are born every minute. And weak hands lose to experience every time. Now stop giving them the freebies. + +And don't use this as trading advice. It isn't. Plan. Strategize. Play smart. Their patterns are unbelievably obvious if you stop screaming "lambo" and dive into the work of research... your OWN research... not some journalist who may or may not be taking an extra $500 to write a well-placed, slanted article meant to instill a FUD nugget. + +Yep.... you little freakin' FUD nugget. You got Played. Schooled. Housed. Owned. + +Rage against the machine. That's partly what decentralization is all about. + +I'm done. + +&#x200B; + +https://preview.redd.it/1c6gtsn03g591.jpg?width=3456&format=pjpg&auto=webp&s=313d126205aa9f772f6531b63e5ebd354176efd2 + +Lisa knows what's up. High risk low priced stocks and index options. + +&#x200B; + +https://preview.redd.it/dkbj5ima3g591.jpg?width=3456&format=pjpg&auto=webp&s=cf752fe285298e6eb9db2ceaad7dbbc9cc1e3673 + +&#x200B; + +&#x200B; + +https://preview.redd.it/dm4z51kl3g591.jpg?width=3456&format=pjpg&auto=webp&s=dca91ef7b09497f783c3a9294cf79861dc59b8e9 + +&#x200B; + +https://preview.redd.it/r4kcfvpr5g591.jpg?width=3456&format=pjpg&auto=webp&s=35c1c2d5a3f5ad4f508f72fcdc2e4b1f0aa1377e + +&#x200B; + +https://preview.redd.it/d3trdc8t5g591.jpg?width=3456&format=pjpg&auto=webp&s=9a094b92651477334a3d6acfa1edc00673ff01a5 + +&#x200B; + +https://preview.redd.it/fnll2ie97g591.jpg?width=3456&format=pjpg&auto=webp&s=d93fcba3cb27ffd1532fc3dabd70da35256b0a66 + +Laura isn't taking the peasant subway + +https://preview.redd.it/l8ielaon7g591.jpg?width=3456&format=pjpg&auto=webp&s=59214f91b42e7ea4a2bcbde0de0f07305b96c5b4 +I'm quite young still and live with my parents. I want to move out and become independent but only work as a waiter. I've saved up nearly £8000 which feels like a lot to me and I'm confident I could live on the amount I make - at least until I find a different job. However my parents are very negative about the effects of Brexit and have been telling me the value of the pound as well as house prices will plummet. That I will likely lose my job and food prices will go up. I'm now worried that my savings will become worthless overnight and that I should hold off moving out. + +I understand that no-one really knows what the effects of Brexit will be but it all just feels so hopeless no matter what I do. I'm considering finding a job abroad and moving country although I'm not sure how many countries would accept a university dropout waiter. + +Forgive my ignorance. +This latest jobs report is only more fuel on the fire that's going to force the FED to keep hiking rates far into the future. + +\*IF\* at some point, they feel they've hiked enough, they will probably leave them wherever they ended their tightening cycle, for quite a while. + +Until everyone is thoroughly depressed about the markets and the economy, rates are NOT getting cut. The Fed has to completely kill inflation expectations, not just lower the rate a bit. + +Bottom Line, we'll have higher rates for some time. +Hi everyone, I am hoping someone can tell me if I have the ability to change my current mortgage lender. Back story, wife and I bought a home 4 years ago and recently refinanced to lock in a lower rate. After the refinance we had Wells Fargo and everything was fine. We could set up automatic payments, pay bi-weekly to help pay the mortgage off sooner all the good stuff. Well after a few months they sold our mortgage to another lender. It happens and I wouldn’t normally care accept now we can’t do anything that we could do before. Like make no-weekly payments. They actual sent a letter saying we know what your trying to do, but we don’t allow that. We also can’t set up an automatic payment for just the full balance every month. It has just turned into a pain in the ass to have to remember to pay the mortgage every month. So my question is can I request a different lender? Or am I stuck until someone it’s out my loan from these twats? +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 +Back in September 2019, Michael Burry predicted an index fund bubble. Since I invest index funds and write about them with relish, I was intrigued. But I quickly moved on. + +Then another headline caught my eye. It was an episode of Odd Lots podcast titled, [**“Why Passive Investing Might Be Distorting the Market.”**](https://www.bloomberg.com/news/audio/2020-02-07/why-passive-investing-might-be-distorting-the-market-podcast) I immediately listened to the episode, featuring investor and fund manager Mike Green. And then I listened again. Considering a lot of my net worth is currently tied up in index funds, I want to understand why some people think index funds are fools’ gold. + +So today, I’m going to play devil’s advocate and talk about both sides of the conversation. Is there an index fund bubble? A market crash around the corner? Or is passive investing still the winning strategy it’s always been? + +Below, you’ll find compelling arguments from investors Mike Green and Michael Burry, who both say there is a bubble. Then I’ll follow up with comments from financial analyst Ben Carlson and portfolio manager Ben Felix, both of whom see no bubble . It’s #TeamMike vs. #TeamBen. I’ll also pull some soundbites from Raoul Pal, a former hedge fund manager who now produces financial videos with a silky British accent. And then I’ll add in my own thoughts at the end. + +# Quick reminder: what’s an index fund? + +An index fund owns a wide assortment of assets (e.g. stocks), and owns those assets in proportion to their market share. Uh…that’s a lot of FinSpeak. Let’s break it down. + +For an example, let’s look at an S&P 500 index fund. An S&P 500 index fund would own all of the stocks in the S&P 500. Since Apple and Microsoft each make up about 5% of the S&P 500, this index fund would be comprised of about 5% Apple and 5% Microsoft. But Chipotle would only compose about 0.08% of the index, because it’s 0.08% of the S&P. In this way, the index fund is benchmarked to the S&P, like a shadow that follows all of the body’s movements. + +Similarly, a “total stock market fund” would own every stock in the market. There are tons of options in the index fund world. + +Let’s get into the arguments that claim indexing is now in a bubble. + +# Part I – Bubble! – “The tail is now wagging the dog” + +One of Mike Green’s first points on Odd Lots is this: the original idea behind indexing is that active traders and actively managed funds will dictate how the market behaves, and that a small number of passive investors (e.g. index funds) can simply go along for the ride. The large majority active traders are the dog; the minority passive investors are the tail. The dog does what it wants. The tail only follows. + +If dogs don’t do it for you, I like the boat analogy. Think of actively managed funds and active traders as large cruise liners and passive investors as a small canoe. The cruise liner picks its course. The canoe ropes onto the cruise liner and gets a free ride. The cruise liner doesn’t notice the small canoe’s drag whatsoever; its course is unaffected. This big-small relationship is the original assumption behind passive investing. Market behavior is dictated by the active majority, and the passive minority gets a free ride. + +However, asserts Green, we now live in a paradigm where active and passive investing are too close in size. Therefore, the fundamental assumption no longer rings true. + +Millions of Average Janes and Joes–individual investors–are using index funds to invest huge portions of their income and savings. After all, that’s how many 401(k)s and their non-American equivalents are set up. Green points out how recent U.S. legislation changes are pushing 401(k)s and passive investing even further into the mainstream. + +Passive investing is no longer the “small tail.” It’s no longer the canoe. It’s now a fairly large boat, and the active management cruise liner is impacted by towing such a large passive boat. + +The past 30 years have seen index funds grow and grow. Index fund inflows are the “single largest transactors in the market by far” Therefore, by definition, they are not passive. Index funds have to be influencing the market. What might this influence look like? + +# Passive investing influences the market + +Let’s go back to our S&P 500 index fund from before. The S&P 500 went up \~30% in 2019. Where does this gain come from? + +Some of it probably comes from fundamental growth in the S&P companies. They’re doing better! Active investors respond by saying, “If the company is better, then these stocks are now worth more!” + +Alternatively, what happens when millions of individual investors put their retirement savings into S&P 500 index funds? It’s simple supply and demand. Joe and Jane are increasing the demand for S&P stocks, therefore the price will increase. + +When Joe and Jane were the “small canoe,” their demand didn’t affect the market. But these passive investors are no longer “just along for the ride.” They are actively impacting the ride. Last year’s 30% price increase is not based only on fundamental growth. Instead, the Average Janes and Joes are artificially increasing the price of the S&P 500 via their demand for index funds. + +# The effects of “index inclusion” + +What about “Company 501;” that is, the first company not in the S&P 500? Well, it does not receive the benefits of being a part of the S&P 500 index funds. It does not receive the demand that occurs from inclusion in that index fund, and this exclusion affects Company 501’s price. + +Mike Green says that historical data clearly shows this growing impact on asset values–it’s called “index inclusion.” This is true for all sorts of index funds. They include some stocks, exclude others, and there’s a recognizable delineation between those included and excluded. + +Green says there’s a “distinct and permanent shift in the valuation and price levels associated with these securities” when they are included or ejected from an index. Companies inside of indices are receiving more attention than they fundamentally deserve. Companies outside of indices, therefore, are getting the cold shoulder. This lack of true valuation is one of the formative factors of a bubble. + +# “Fire!” in a theater + +In the past 40 years, passive investing has done nothing but grow. But eventually, that growth will end. Individual investors will retire. Withdrawals will take place. What happens when you take the money out? + +At that point, Green states that the artificial inflation of index funds will cease, and quickly turn south. As more retail investors sell, prices will drop. When investors see prices dropping, they’ll get scared and sell more. The vicious cycle will continue–sell, drop, sell more, drop more–into a index fund crash. It’ll be an old-fashioned bank run. + +Or, as Nicholas Nassim Taleb has written, “the market is like a large movie theater with a small door.” If everyone is looking to get out, the only way to do so is to offer the doorman a better price than the other people. Prices will plummet. Pop goes the index fund bubble. + +# Is it the British accent? + +Raoul Pal looks the part, sounds the part, and produces his videos while sitting in front of monitors chock full of financial data. My bulls\*\*\* detector is whirring to life, but something about that accent is just so factual. + +Pal’s argument is that baby boomers–through no fault of their own–have been dumping too much money into passive funds (pensions, 401(k)’s, etc). When they start selling en masse–which will happen soon!–then pop goes the index fund bubble. + +There are 76 million baby boomers in the U.S., and their average age is now 65 years old. The wave of retirees is about to crest. And when they start to pull money out for retirement, we will see the large theater/small door issue. Prices will plummet. + +But, says Pal, index funds aren’t the only issue. Boomers will also face issues trying to sell their houses. They’ll have issues trying to sell their material goods. Baby Boomers were such prolific consumers that the economy will be overwrought will all their stuff, and prices everywhere will fall. Growth will cease as markets are flooded with goods. A vicious cycle will ensue. + +And then “the doom loop of corporate debt will get ignited.” Oh no, not a doom loop! In short, says Pal, corporations have recently gotten into the habit of: + +1. Borrowing money (this is the corporate debt) +2. Buying shares of their own stock—a.k.a “stock buy backs” +3. …which drives the price of their stock higher (P.S. this is an artificial price increase) +4. …which makes the company appear more valuable, and usually lets the biggest stockholders (e.g. the executives) get extra rich + +And Pal’s right. Corporations have been gluttons for their own stocks in recent years. Just read about Apple’s buyback tactics. + +Eventually, these corporations will have to pay back their debts. And their artificial valuations will come back to Earth. Stock prices will plummet. Indexes and pension funds will plummet. And Baby Boomers’ selling will cause further pricing drops. + +And thus, claims Pal, the third Baby Boomer crash will occur. And every good story has the symmetry of threes. + +# Problems with Pal + +My core issue with Pal is that he’s as much a story teller as he is fact teller. And therefore, it’s hard to tell if he’s selling olive oil or snake oil. + +For example, this sounds impressive: “The baby boomers accumulated the greatest concentration of wealth the world has ever seen. And they’ll destroy it too.” Whoa! Rise and fall. The double-edged sword. The boomer giveth, and the boomer taketh away. + +Pal provides facts to back up his claims. But most of his facts are arguable at best. + +The 2000 Dot Com bubble? It happened because Boomers flooded the stock market with their investments, says Pal. And then “everything got dashed on the rocks, as those markets collapsed.” + +The Baby Boomers–then age 45 on average–turned to real estate, says Pal. Can you guess what happened next? The 2008 Subprime Mortgage and Financial Crisis! Baby Boomers are so many in number, says Pal, that their sum-total behavior can’t help but create bubbles. + +After 2000 and 2008, the Boomers were worried about their retirement savings, goes Pal’s argument. So now they’ve got to take risk, and they were forced to do so in the stock market. Well, what’s the easiest way to invest in stocks? Through passive investing! And as we’ve now learned twice–according the Pal–where the Boomer money goes, a bubble will soon follow. + +It’s a nice story. It has symmetry. It has foreshadowing. It’s narrated with a silky British accent. + +But that doesn’t mean it has an iota of truth. Euphoric day-trading of “.com” companies led to the 2000 Dot Com bubble. Passive investing is the exact opposite of that kind of behavior! Perhaps the money is coming from some of the same people, but that’s not evidence for the existence of an index fund bubble. Pal is grasping at straws. + +# Michael Burry: Big Short to Big Bubble + +Michael Burry is an investor and hedge fund manager who correctly foresaw the 2008 financial crisis, and managed to make a boat-load of money for himself and his customers through his correct prediction. If you’ve seen the movie The Big Short, Michael Burry is played by Christian Bale. + +Burry’s argument for an index fund bubble is a less scary than Green’s, and certainly less apocalyptic than Pal’s. + +Burry’s claim is that indexing has caused an artificial bubble that’s inflating stocks inside the index, and thus leaving stocks outside the index ripe for the picking. It’s the “index inclusion” argument again. + +But where Green sees a dangerous bubble, Burry sees more of an opportunity. Ready for another metaphor? + +Imagine a pair of identical twin basketball all-stars. Everything about them is the same, including their skills. Except that one twin plays college ball for Duke–he’s always on TV–while the other plays for Harvard–a good academic school, but not a basketball Mecca. + +The average basketball fan would be biased towards the Duke player. He’s on a better team, he gets more media coverage, and has more post-season success. The average fan would certainly believe that the Duke twin has better long-term prospects, and therefore would deserve a bigger professional contract. + +But since I built this strawman hypothetical, you and I know the truth! The two twins have the same exact skill set. Therefore, signing the Harvard twin at his lower price would actually be quite the financially efficient move. + +Michael Burry’s claim is that this is what’s happening with passive investing. Near-identical companies are being over- or under-valued due to their index inclusion or exclusion. + +Stocks that are inside of index funds are like the Duke twin–they are being over-valued simply because of where they are. While stocks not in the index are like Harvard twin–they are under-valued, and therefore should be targeted by smart people looking to make more money. + +In my opinion, this is less of a “index fund bubble” and more of an “anti-index opportunity.” + +Burry is simply saying, “There’s an inefficiency here, I’ve discovered it, and I plan on making money off it. P.S.–come invest with me so we can both make money together.” + +Good work, Mike! Go exploit that inefficiency! + +# Price Discovery is becoming fragile + +Burry’s second claim is that price discovery is becoming fragile. “Price discovery” is a fancy term for “buyers and sellers determining a price where they’re willing to make a deal.” + +Think about Craigslist. Someone wants $200 for a used snowblower. Snow?! Yes, in Rochester it helps to have a snowblower. So, you take a look at the snowblower and counteroffer $150. The owner haggles back to $175…and you have a deal! That’s price discovery. + +Typically, stock market price discovery involves many buyers and sellers conducting detailed analyses of a company’s holdings and profits and cash flows–all of the fundamental business metrics. + +But passive investing doesn’t care about those fundamental metrics. Instead, passive investing simply follows the leader. It assumes that others in the market have already done the fundamental research, and that the current price of a stock is “right.” + +It’s a little bit like saying, “The last Craigslist used snowblower went for $200, so I’ll buy the next one for $200 sight unseen.” Are you sure you want to trust the last buyer and seller? What if they were dopes? Don’t you want to look at the snowblower and make a decision for yourself? + +Since passive investing doesn’t rely on price discovery, Burry argues that prices are now dangerously skewed from what traditional price discovery would suggest. This cannot go on forever, and eventually the prices will snap back to where they fundamentally belong. + +Or, you could say, the index fund bubble will pop. This, Burry says, is very similar to how housing and CDO pricing behavior malfunctioned before the 2008 crisis. It will be a painful, painful snap. + +# Part II – The other side: Index funds are fine + +While I appreciate the logic behind Misters Green and Burry and Pal, there’s plenty of good money still betting on index funds’ future success. Let’s start with [**Ben Carlson**](https://awealthofcommonsense.com/2019/09/debunking-the-silly-passive-is-a-bubble-myth/). . Ben is financial analyst, author and blogger (nice!), and podcast host. I’m a big fan of A Wealth of Common Sense (the blog) and Animal Spirits (the podcast). Thanks for sharing all the good work, Ben. + +Anyway, what does Ben have to say about the index fund bubble and passive investing? + +# The tail is not wagging the dog. + +First, let’s get back to dogs and tails and boats. Carlson writes, “Index funds hold less than 15% of shares in public companies.” While this is a growing number–it was 3.3% in 2002 and 6.8% in 2009–passive investing is neither a majority nor plurality. + +If we combine all exchange traded funds and all mutual funds, that percentage rises to about 35% ownership of all shares. That means that active investors–the dog–own at least 65% of the equity market, and therefore are still wagging the tail. All is well in the dog/boat metaphor universe, says Carlson. + +# Bias! Bias! Read all about it! + +Another of Carlson’s arguments is that active investing, by nature, is biased against passive investing. Passive is stealing active’s business share, and now active is biting back. + +Passive investing shadows what the active investors are doing. But rather than spending money on research and trades, passive investing keeps expenses–and fees–to a minimum. Passive has all the profits of active investing, but none of the costs: ipso facto, passive investing is better. And the active investors don’t like it! The “index fund bubble” is their propaganda technique. + +Besides, let’s consider any and all claims that passive investing is doing something “wrong.” Logically speaking, anything that passive investing is “doing wrong” first has to be done by active investors. + +You can’t blame your shadow for flipping you the middle finger–the shadow only copies the source. Similarly, passive investing only copies what active investors are doing. It’s a simple argument in logic. + +# The price discovery argument + +Price discovery is a cop-out, says Carlson. There is way more trading occurring today than most times in the stock market’s history. In the book Index Revolution, author Charley Ellis writes that about 95% of all trades today are done by active managers–there’s plenty of opportunity for price discovery. It’s all about trading volume. + +This means that the prices aren’t skewed. The prices aren’t a stretched rubber band, ready to snap back. There’s no index fund bubble, waiting to pop. Instead, the active investors are setting the prices and price discovery is healthy. + +# So what’s Michael Burry worried about? + +Besides, Carlson says, when else in life do we expect individuals to actively partake in price discovery? Do you haggle with the grocery cashier about the cost of oranges? No! All over our economy, prices are set and individual consumers simply choose to buy, or not. They don’t barter or bargain. + +I’m not sure I agree with Ben’s point here. It’s true: we don’t haggle at grocery stores. Instead we’re presented with Hobson’s choice–we either take it, or leave it. If you don’t want to pay $12 for a bag of oranges, you don’t have to. + +But are people thinking about Hobson’s choice when they passively invest in index funds? I don’t think so. I think a lot of people are “blindly” putting their bi-weekly 401(k) contributions into index funds, regardless of the price. There’s not much “take it, or leave it” going on. It’s just “take it.” + +My conclusion: index investors might be blindly buying in, but they’re still buying at a price that was intelligently discovered through the fundamental analyses of active investors. + +# Ben Felix from YouTube + +[**Ben Felix**](https://www.youtube.com/watch?v=Wv0pJh8mFk0) is a portfolio manager at PWL Capital, and popular creator of YouTube financial/investment videos. + +I really like one of Felix’s foundational arguments against the idea of the bubble. That idea is: assets under management do not set prices; instead, trading sets prices. + +So Green and Burry should not be asking, “How much money is in indexes?” Instead, the question should be, “How much trading is done by indexing?” This means that the size of the boats doesn’t matter. In fact, it means the boat metaphor doesn’t really make sense. + +So let’s relate it back to the quote from Charley Ellis: 95% of all trades today are done by active managers. That means that price discovery is dominated by active trading. And it means that there shouldn’t be any bubble driven by price discovery. + +Blackrock, another investment management firm, estimates that for every $1 of passive trades, there are $22 of active trades. Again, this points to the same conclusion: there is no issue with price discovery. + +# Some ideas from the academics + +Felix quotes a couple serious economics papers–one by [**Fama/French**](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=502605), another from [**Palia/Sokolinksi.**](https://www.law.nyu.edu/sites/default/files/Paper_P%26S_Darius.pdf) + +Fama & French came to the conclusion that it doesn’t take much active investing to create an efficient (i.e. non-bubble) market. Passive investing, they say, is pushing bad active managers out of the market. And those who remain? Only the skilled active managers. It’s survival of the fittest. Culling the weak should only make the market more efficient. More efficient = better price discovery = no bubble. + +Palia and Sokolinski have a really interesting theory. In brief, they claim that index funds drive down the cost of short selling, which makes short selling more efficient, and that leads to better price discovery. + +They start with the simple truth that index funds hold onto lots of stocks. And since the supply of stocks is high, index funds can easily lend out those stocks to short sellers (people betting that a stock will go down). The short seller pays the index fund a small fee, which gets passed onto the passive investor in the form of low costs. + +However, since there are so many index funds out there, the short sellers have many different options of where they borrow stocks from. With high supply comes low prices. They can find their short sources very cheaply. This makes the cost of shorting go down. + +And thus, conclude Palia and Sokolinski, passive investing is creating a more efficient market for short sellers, and a more efficient market leads to better price discovery. + +# Part III – Home-grown arguments and takeaways + +Now that you’ve heard the smart people talk, let me bless you with my pro-index ideas. + +First, index investing is self-corrective. + +To wit, let’s take another look at Michael Burry’s argument: “passive investing has an inefficiency in undervaluing non-indexed companies, and I plan on taking advantage of that.” + +If Burry is correct, then more active managers will follow his lead and make their money. And right behind them will be their shadow a.k.a. passive investing. The market is a self-correcting system, where money flows towards the best values. Passive investing simply follows that flow of money. + +If passive gets too influential, then the smart active managers will exploit the problem. Inefficiencies will balance themselves out in the long-term. And passive investing is a long-term technique. + +Second, it’s easy to avoid the pitfalls of index inclusion. + +Index funds don’t have to exclude stocks. Many investment managers (like Fidelity and Vanguard) offer total market index funds. They include high and mighty S&P companies and all of the “company 501’s” out there that might be excluded from other index funds. + +Therefore–if there is an index inclusion bubble–the total market index funds own both sides of that bubble. + +A total market fund would only be exposed to a bubble that includes entire asset classes. For example, one could claim that stocks in their entirety are overvalued, but that commodities are undervalued. Therefore, a total U.S. stock market index fund would still expose you the bad outcomes of bursting bubble! + +If this concerns you, then diversify your index investing via a lazy portfolio. There are indexes that track bond markets, international markets, different sized companies, commodities, REITs, etc. You can spread out your investments across multiple asset classes to reduce your risk. + +# Takeaways + +Green and Burry both make good points. Pal tells a nice story. I’m really glad I took some time to understand those ideas. Carlson and Felix support the ideas I’ve always heard: the wisdom of people like Jack Bogle and Burton Malkiel. What actions am I taking after all this conversation? + +Reading. Lots more reading. I want to learn more about Mike Green, Michael Burry, and their anti-passive compatriots. After all–they did compel me to type up 4000 words of arguments that go against my investing strategy. But I also want to remind myself of the reasons why I started indexing in the first place: Malkiel, Bogle, and people like Ben Carlson and Ben Felix. + +But I will be staying my course, at least for now. I have not been convinced to move away from indexing, or that there’s an index fund bubble. Indexes still float my boat, and I think the bubble argument has more bark than bite. I’m in it for the long run. I do not think hand-picking individual stocks is the way to go. + +Source: [https://bestinterest.blog/index-fund-bubble/](https://bestinterest.blog/index-fund-bubble/) +https://www.reuters.com/article/us-usa-stocks/wall-street-dips-after-disappointing-forecasts-from-video-game-companies-idUSKCN1PV1EB?il=0 + +Electronic Arts Inc slid 14.4 percent after cutting its yearly revenue outlook + +Take-Two Interactive Software Inc fell 12.8 percent after its revenue forecast disappointed investors. + +Activision Blizzard Inc also fell 8.7 percent. + + +No typo in percentage there. As of this moment, my portfolio is performing at -0.11% having varied high +0.94% on June 5 and low -16.17% on April 10. + +This stability is actually making me laugh. I actively show people the chart during conversation just to be like "I have no idea how I did this." + + +* ROBO +* BOTZ +* CHIQ +* XLE +* KBWQ +* VYM + +My question is simple: give me volatility, clearly my risk needs to increase. + +[1 month UPDATE] + +Good news everyone. Bought some REGN, GDX, and RXL, and now I'm down 6.28%. Good stuff! +I have an opportunity to sell my business that would net me around $1.5M after taxes. Trying to decide what to do. Thanks in advance for your input. + +**The Business** + +The business currently does not generate a profit because all revenue is put back into the growth. However, it’s probable (based on current growth) that within 3 years it would generate $25-50k monthly profit and would be worth double of what it is now (could sell for $3M after taxes). + +**About Me** + +In my mid-30s, married, no kids. $150k household income. Paying off debt: $65k left. + +**Decision** + +I’ve set a goal to fatFIRE at $10M, so $1.5M is a long ways away. In addition, I see that there’s a lot of potential for my business to grow, and I wouldn’t want to start from zero if I didn’t have to. I love what I do right now and have a blast running my business, even though it’s been 7 years of hard work. I live very comfortably and being your own boss has a lot of perks. + +On the other hand, other than this business I don’t have any assets; on the contrary, I have debt. So it makes sense to sell and get a cushion to build off of toward my $1.5M goal. The market is also a big worry - at some point we’ll enter a bear market, and it would be nice to have cash to invest with. There’s also inherent risk with any business, and it would be devastating to turn down a deal and see the business die (for one of a hundred reasons). + +Very conflicted and any insights are appreciated +**TL;DR:** + +* **Walmart stores are "anchor stores" at the center of what's called "Walmart Shadow Anchored Portfolios". These commercial real estate portfolios cover strip malls next door to Walmarts. Retail stores that show up often in these portfolios include GME stores.** +* **In the past and especially in 2016, the year before Carl Icahn and hedge funds started shorting malls, Walmart closed hundreds of Walmarts all over the country. Walmarts can also individually up and leave, leaving the towns in the lurch and the stores in "Walmart Shadow Anchored Portfolios" basically going tits up to fend for themselves with the allure of nearby foot traffic.** +* **For a sample of 130 GME stores that I was able to pull from a publically available source, all 33 GME stores inside their adjoining 33 CMBS loans are connected to the Schostak brothers, who began heavily buying up these portfolios around 2006.** +* **In addition to the Schostaks, Wells Fargo originated all 33 of these loans and all 33 GME store loans were also set up/financed with Ladder Capital. Ladder Capital was the primary target of TheIntercept's "The Bigger Short" piece on mortgage fraud. Given this history, there is then, potential possibility that Ladder Capital had also fucked with the GME leases or CMBS loans on those GME stores around the time that the company was being mismanaged and it was being shorted.** + +EDIT: Despite having followers off, got downvoted into oblivion to 0 upon posting. Great and go fuck yourself bots. + +[Go fuck yourself Walmart](https://preview.redd.it/88i1qpewk1l81.png?width=433&format=png&auto=webp&s=dcc83f7cbee0ea76296e44277e2d4e29196d878f) + +**SECTIONS** + +**0. Preface** + +1. **Anywhere But Here** +2. **Lights Out** +3. **Dark Stores** +4. **MC Cash Flow** +5. **Re-enter the Schostaks** +6. **33 out of 36** +7. **Ladder Capital Fuckers, I mean Ladder Capital Finance** +8. **NOI** +9. **WFCM** +10. **The Walmart Prelude to 2017** + +For the culture: [https://www.youtube.com/watch?v=IYH7\_GzP4Tg](https://www.youtube.com/watch?v=IYH7_GzP4Tg) + +# 0. Preface + +Last time in “The Big Mall Short” in Pt. 6 of this series, we examined a major retail player in Amazon, **and how the hunt for its second headquarters was the greatest trick that Jeff Bezos ever pulled. Amazon was able to use that wild goose chase to collect a metric shit ton of data across the entire US. This was given freely by cities and towns that sometimes didn’t even qualify to host an HQ2 according to Amazon’s rules (but they used the data anyways because they are assholes. Amazon could not weaponize this data against these very same towns and cities, accelerating its push for even more extreme tax breaks as well as getting a laundry list of advantageous commercial real estate spots as part of its growing logistics behemoth.** + +This time, we look at another retail giant: America’s biggest employer of Walmart. In Pt. 2 of “The Big Mall Short”, I first talked about how Walmart factors into the American landscape of commercial real estate: + +&#x200B; + +>**One of the things to understand about why it matters that bigger stores like Sears go under can affect a whole mall, or nearby stores like GameStop, and then also hurt CMBS loans is the structure of many malls. Bigger malls…have “anchor stores”: giant stores that increase foot traffic with littler stores and kiosks in between the big ones**. It’s no different then what you might see in how amusement parks are structured, with little shops and food stands set between big rides. +> +>**…Some CMBS loans can be part of what’s called a “Walmart Shadow Anchored Portfolio”. Which is exactly what it sounds like**…Instead of a giant connected mall structure, you might have a giant Walmart looming in the background while other small retail shops are in nearby concrete strips or even across streets and highways. Here’s an example of what a potential “Walmart Shadow Anchored Portfolio” might look like using this town in Minot, North Dakota. You might notice the Dollar Tree or Buffalo Wild Wings nearby as an example of nearby stores in its “shadow”: + +&#x200B; + +&#x200B; + +https://preview.redd.it/v18d1shyk1l81.png?width=913&format=png&auto=webp&s=f7708e64fb42c1e82ede00c23194e1993c91eac4 + +GameStop stores, just like the Dollar Tree or Buffalo Wild Wings in the screenshot above, factor into a good number of Walmart Shadow Anchored Portfolios. In these cases, a GME store might be saddled on a small strip of concrete right off the main parking lot of a giant Walmart Superstore.But before we dive into that, let’s take a pitstop. Yes, Walmart is known for a shit ton of fuckery. And just like Amazon, I could write 6974142069 posts about how much they absolutely fuck over their workers and the greater American economy at large. Not to mention how it often intersects with many issues in small town America, like unemployment and the opioid crisis (on that note, FUCK the Sackler family). + +But for our focus on commercial real estate, we’re gonna open first with one item and how it relates specifically to our GME story: when Walmart fucks the right off, and ghosts everyone in town. + +# 1. Anywhere But Here + +The first part of this is something that I myself have seen firsthand. + +More or less, I’ve lived on and off in small towns throughout the US where you’d see a thriving downtown for a small community (or, at least, one that was getting by) quietly transform over the years bit by bit into shuttered storefronts for clothing shops, grocery stores, and community centers. Streetlights that circled signs reading “Main Street” would stand guard over shells of a former world. + +In the slowly fading background of downtowns with streetlights casting shine on no one, you’d start to see it. + +A giant fence or large swath of paving come in. Eventually, a few months later, it’d take shape. A giant rectangle would rise from the earth on the outskirts of town. And a Walmart sign would be slapped on the very front of it. + +I’ve definitely had some moments, and at least some beers, ominously watching dusks in such small towns staring at the giant store that now lit the grasslands nearby. + +&#x200B; + +https://preview.redd.it/la70usm0l1l81.png?width=905&format=png&auto=webp&s=99fb2682df02b38a764c93b5d9684b49d5cca775 + +And yes, I will admit that I’ve been part of it when it happens…as many of the other townspeople might have been. I can admit to being one of those who would end up walking or driving at 3 AM to the heavy incandescent hum under those lights in near silence in a store that often felt unreal as I got my groceries or things. + +**But it was done because it was the only place where I could.** + +Oftentimes, I did it–and we did it–because there was no other option. I’ve heard of cases where the only way to avoid shopping at a Walmart would have involved driving several more miles/kms if not over 1-2 hours to cross the border into Canada as it had taken nearly every small town in its wake up until that borderline. + +Once a Walmart moves into towns like these, the populace is held captive in its own way. And there’s not much that they can do to escape Walmart in these cases. + +But Walmart doesn’t have the same problem when it comes to escaping. + +# 2. Lights Out + +When the milltown in Winnsboro, SC heard about the Walmart coming, they were ecstatic and opened their doors right up. In 1998, before their Walmart came through, their town had 3 grocery stores and 2 department stores. And 18 years later, Walmart left. And in its dust, only 1 of those big stores still existed in Winnsboro.**When Winnsboro’s Walmart closed, it gave the townspeople–including its 160 employees–fucking TWO WEEKS’ NOTICE. It Thanos-snapped the little that it held out of existence and its sway over the town, its people, its tax base, and everything else came into full view all at once.** + +&#x200B; + +https://preview.redd.it/tenbv2f2l1l81.png?width=909&format=png&auto=webp&s=318b4b07870bead20685605952327dfb0f7b2db7 + +The losses of Walmarts in places like SC were a part of the company's "sharpened focus on portfolio management”: + +&#x200B; + +>**“As part of today’s action, the company will close 154 locations in the U.S., including the company’s 102 smallest format stores**, Walmart Express, which had been in pilot since 2011. Walmart instead will focus on strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding Pickup services for customers.” + +&#x200B; + +Analysts like Stifel’s David Schick came on shitty CNBC to echo that point as one of the biggest reasons for Walmart’s exiting. Its commercial real estate portfolio mattered: + +**“...Schick told investors that Wal-Mart’s thoughtful review of its real estate portfolio is evidence it’s undergone an “evolution” in its approach toward physical stores**, as it aims to reposition the business longer term.” + +&#x200B; + +Of course, other factors did come into this mold. For example, in 2016, Walmart purchased Jet.com to compete with Amazon, who was growing into the behemoth that was warned about in Pt. 3 and Pt. 6. Yet, with its closing it left many small towns, cities, and metro areas gasping in its wake. + +And that Winnsboro town? Don’t worry! Walmart gave them $30,000 after its 2 weeks notice so that Winnsboro could survive! + +&#x200B; + +South Carolina got it bad but it wasn’t the only one. In Whitewright, Texas, people watched as they put up brown paper over the glass doors of their local Walmart: + +&#x200B; + +>Reetha Thomson feels betrayed by Walmart’s decision to leave Whitewright Texas, just 12 months after its grand opening. + +&#x200B; + +[Retta at bottom from the news report](https://preview.redd.it/2kyug5e9l1l81.png?width=893&format=png&auto=webp&s=7dd2e1594a9677118c5e6c1f7efed44f272771ab) + +>**“They chose to come here! And then, when they put the other grocery store out of business, they wanna close down and leave. I’m mad!”** + +The grocery store that she mentioned (Pettit’s) closed after 6 years just 9 months into Walmart’s stay. **Now…for citizens in that town, they now have to drive 30 min…and almost 22 miles/35 km to get their daily groceries!** + +Once that brown paper goes up on Walmarts like these, these storefronts get a new name. There is a specific name for these types of Walmarts that close down: dark stores. + +# 3. Dark Stores + +**In some of these cases of Walmarts that exit and leave dark stores in their wake, Walmart may have its lease still. For example, in Cheektowaga, NY, Walmart basically up and left to copy-paste a new Walmart just a few minutes away down the road.** + +That giant gaping hole left over might be fixed should the local city be able to, let’s say, replace it with a community college or even library, which has happened in the past across the US. + +&#x200B; + +https://preview.redd.it/21hr68gdl1l81.png?width=945&format=png&auto=webp&s=b62363fe731b705dd9af29067767a6073d9bdd49 + +**On the other hand, if the lease is up, like for Walmart stores in Amherst, NY & Lockport, NY back in 2014/2015, then they really couldn’t give a shit what happens. All the while, the mayor and downtown Chamber of Commerce (think of it as what gets businesses into a small town) might keep itself awake with dreams of replacing that Walmart with another big company like IKEA. (Unfortunately, more often than not since stores like IKEA deal with BIG population centers then many small towns don’t qualify and might not ever replace such empty places.)** + +Back when these Walmart Shadow Anchored Portfolios got more and more popular around 2006, you had quotes like these in real estate circles: + +&#x200B; + +>**“A shadow-anchored center owner has no formal relationship with the shadow anchor (in this case Walmart) when it comes to the right to go dark including any re-tenanting choices (IKEA, library etc.), Brown says. That means that no legal recourse exists.** +> +>“If I own a retail center and the shadow anchor goes dark, you don't know if the owner will put in bowling alley or a paint ball park,” he explains. +> +>“With traditional anchors, you have the credit and the control,” notes Andrew Oliver, managing director with New York — based Sonnenblick-Goldman\*\*. “But, if the anchors own their own store and they go dark, they have no real incentive to fill the store and it could really hurt the center.\*\*” +> +>And, many owners feel that the risks get slightly overblown. “We feel like there's a misperception about Wal-Mart going dark,” Schostak says. He points out that stores Wal-Mart closes have smaller floorprints\*\*. The discount giant has never closed a Supercenter.\*\* +> +>“Our shadow-anchored centers were built because of Wal-Mart, but they are also in the best location within their markets,” Windley says. “We're very careful in our due diligence to make sure that there is demand.” + +&#x200B; + +**But demand means nothing in the wake of the parent company deciding to up and leave.** + +Walmart seemed to be a stable anchor for many of these commercial real estate portfolios. It didn’t have weird competition amongst fellow specialized retailers like what happened between Home Depot and Lowe’s. For example, in 1 case, Home Depot closed a store then opened a new one in a nearby completely empty lot JUST so that Lowe’s couldn’t move in on their “territory”. + +The appeal of these Walmart shadow anchored portfolios–where you buy a strip mall next door to a Walmart–is based on the weight of what it can afford you, especially if you’re an investor. And this comes down to the brass tacks of cash flow. + +# 4. MC Cash Flow + +**Walmarts are usually stand-alone buildings. As a result, any stores–GME, Bed Bath and Beyond, etc.--might be located nearby instead on what’s called a “strip center”.** + +The mechanics of the appeal of owning this land comes to the cash flow of its tenants. Here’s a look at what a breakdown might look like courtesy–have to say–from a BAMF explainer on YouTube: + +&#x200B; + +[amazing YT clip have to admit](https://preview.redd.it/1zz5wjfgl1l81.png?width=817&format=png&auto=webp&s=2f38f7ed231fa9ba7d1206d81e0856b8d7231458) + +This guy breaks down what you might essentially deal with a Walmart Shadow Anchored Portfolio with a nearby Strip Center worth \~$1.3 million. + +One of the most important parts about deciding whether to cream yourself and go scrotum deep into buying up such a strip center for commercial real estate is finding the capitalization rate. + +Capitalization rate = all income earned from property\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +property’s market value + +**So if all your stores are selling out nonstop and your market value stays the same, you're dividing a big number by the same number. In simple math term, If all your stores are doing great and just paid out $1000 and your property is worth $100, then 1000 / 100 = 10 capitalization rate or cap rate.** + +&#x200B; + +**BUT…If your stores are doing not too hot and earned $500 and your property is worth $100, then dividing 500 / 100 = 5 capitalization rate. This isn’t as good.** + +&#x200B; + +https://preview.redd.it/jxj08bmil1l81.png?width=837&format=png&auto=webp&s=099933a5f0fc55567fd35f6b879f5e5e3822beec + +**More stuff of course ties in, like paying off any debt in case you pulled a loan to buy up one of these portfolios. But generally, think bigger cap rates = better investment for you. This is because the tenants in the shadow of the giant nearby Walmart make more than enough for you to make better returns.** + +For example, the guy who made this video basically creams himself over the fact that even at a uber small appreciation rate for the property above, if you put down $1.3 million to buy the shopping center, you make almost $87,000 yearly and could be making $2 million total before taxes after 10 years are up. (That might be by 2025 in this case if this was for a strip mall built in 2015.) + +And just like this YouTuber, many are more than willing to cream themselves over this shit. + +# 5. Re-Enter the Schostaks + +Back in Pt. 2 of this series, I talked about the appeal of Walmart Shadow Anchored Portfolios. The fact that they might not go bankrupt and that Walmarts might generate a ton of foot traffic might matter a great deal that investors. And that definitely matters to investors who wanna make money. + +Like the Schostak brothers. + +&#x200B; + +[Schostak family\/brothers](https://preview.redd.it/hdrnvevkl1l81.png?width=521&format=png&auto=webp&s=4b1589b022bca5903386bf27e80443b71025d600) + +&#x200B; + +>“In April, Schostak Bros. & Co. Inc. spent $100 million to acquire a portfolio of 28 properties from Memphis-based Spectra Group Inc. While there have been plenty of more expensive deals this year, Schostak Bros' transaction stands out. +> +>**The reason? Not one of the properties in the deal have anchors. All sit next to Wal-Mart Supercenters that \[they have\] absolutely no control over. The firm instead is building a portfolio entirely based on the concept of shadow anchors. It is consciously looking to buy centers adjacent to stores owned and operated by the world's largest retailer. But it has no interest in being Wal-Mart's landlord. Its strategy is to capitalize on all the benefits of having Wal-Mart as a traffic generator without having the headaches (and meager rents) that come from being a big-box landlord.”** + +The Schostak Brothers & Co is a real estate company centered in Detroit that makes its dollar bills off shit like the Texas property we saw above: kitty corner to a giant Walmart, sharing its parking lot and banking off all the foot traffic it gets. + +So why am I even mentioning them? How does this all specifically relate to our GME story? + +# 6. 33 out of 36 + +&#x200B; + +https://preview.redd.it/hex4x77sl1l81.png?width=965&format=png&auto=webp&s=625f0499ac144ab084114776557c0608908861d7 + +**I was able to find a small list of GameStop leases of \~130 GME stores that I was able to pull from a publicly available source. Each GameStop store is linked to a CMBS loan. (Each of these CMBS loans is searchable on a Bloomberg Terminal as each CMBS loan = Bloomberg ID.)** + +As of the source which published in 2019, Schostak Bros. were connected to 33 out of the 130 GME leases I found. **ALL 33 were part of Walmart Shadow Anchored Portfolios–and accordingly–CMBS loans.** + +&#x200B; + +https://preview.redd.it/tpu1triul1l81.png?width=901&format=png&auto=webp&s=6fb4b0d50dcf0f77b70925aa6ab6132a4d25d8c9 + +What the above chart means is that 33 of the 36 Walmart-linked stores SPECIFICALLY have Schostak balls deep on those GME leases. These were the same brothers that were featured in that 2006 article talking about the appeal of these Walmart portfolios. + +For my 2019 source, each one of those Shostak-linked leases had a comment more or less like this: + +“**...Several of the inline tenants, including Cato, GameStop, and Hibbett Sports, have negative five-year revenue or NCF outlooks according to \[our\] equity analysts**…\[GameStop has\] a five-year projected revenue growth rate of -1.7%…\[It\] maintains a \[$400 million\] market capitalization… + +>We note that online retail saturation has been increasing annually, creating long-term risk for the portfolio. **There is high exposure to Walmart, which shadow anchors each of the 34 properties, however, none of the individual properties accounts for more than 5.3% of the allocated loan balance.** Dollar Tree, which accounts for 27% of the portfolio and is a tenant at 24 of the properties, maintains stable footing to date… +> +>Collateral: The loan is backed by a portfolio of 34 neighborhood centers in 12 states with 881,524 square feet of leasable space. Each of the properties is shadow-anchored by a Walmart store. The largest asset in the portfolio by balance is Alice Shopping Center (there’s a GME store at this mall btw), which has a balance of $4.7 million. + +&#x200B; + +&#x200B; + +[the Alice TX store](https://preview.redd.it/2licqmoxl1l81.png?width=949&format=png&auto=webp&s=3d002dc7c88cb188dad3077895b1a92b13b7bc03) + +&#x200B; + +>Tenants :The largest collateral tenant is Dollar Tree, which accounts for 27.8% of the total space and 20.8% of the base rent. Cato, Gamestop and Shoe Show occupy multiple spaces throughout the portfolio… +> +>Sponsorship :The loan sponsor is David W. Schostak, of Schostak Brothers & Company, a Michigan-based commercial real estate investment company. +> +>Loan :The five-year loan \[for the strip\] matures in September 2021 and paid interest only through September 2018. The loan now amortizes according to a 30-year schedule + +&#x200B; + +This description above is from the GME store in Fort Dodge, Iowa. It had a cap rate of about 7.6% (national retail cap rate) and said most the stores there had 65% probability of renewing their leases. + +**This specific GME loan in Iowa was chopped up and sent to CMBS loans WFCM 2016-C37 and WFCM 2016-LC25.** You can even see a picture of the GameStop store attached to this Fort Dodge CMBS loan on their site: + +&#x200B; + +https://preview.redd.it/l3q2vvs3m1l81.png?width=921&format=png&auto=webp&s=80ff9152beb3233c365d31d0c0e8619ec741a08f + +Those 33 GME stores are from a number of cities & states including: + +* Texas (Liberty) +* Iowa (Keokuk) +* Ohio (Toledo) + +Of course, this is just a quick nipple flash of a look. We can always dig deeper.And where we end up after we start digging, starts to look a little familiar. + +# 7. Ladder Capital Fuckers, I mean Ladder Capital Finance + +**In Part 2, I revisited “The Bigger Short” the story of how fraud was at the heart of many recent commercial real estate loans. This included using wrong addresses on loans to hide historical info about storefronts that were being leased, and having tons of loans peppered in CMBS Jenga towers with questionable metrics:** + +&#x200B; + +>I talked a little bit about this in Pt. 1, but we were re-introduced to TheIntercept & ProPublica’s research on a whistleblower yelling “Fire!” about the fraud and–ahem–”creative accounting” that big banks were using with CMBS. This fraud resembled the early part of the Jenga tower bundles just like in “The Big Short” that big banks helped finance on the way up then made money betting against them as they crashed on the way down in 2008. + +&#x200B; + +&#x200B; + +[look at this laundry list of lying fuckers overstating income on these loans. goddamn pieces of shit](https://preview.redd.it/tnjcsy27m1l81.png?width=921&format=png&auto=webp&s=fd9c5c7a6871562fa56572e371670922c8278f97) + +We talked about some familiar fuckers in previous posts, including Starwood, Goldman and UBS (go fuck yourself UBS, especially for opening a Swiss bank account for Osama Bin Laden and owning the largest dark pool in the US). **Many of these in particular were the gold medalists of lying on these loan applications, but the Intercept article & whistleblower chose to focus on one fund in particular’s fraud: Ladder Capital Finance.** + +&#x200B; + +&#x200B; + +[From a YT comment mentioning how Dollar General survived when other nearby strip mall stores didn't](https://preview.redd.it/zayvon1im1l81.png?width=907&format=png&auto=webp&s=d743b94e540cef4536d112a708f0d0122a0cef61) + +**Ladder Capital is a NYC-based fund made up of three ex-UBS guys (shocker) That article talked about several questionable things that Ladder Capital had done, including giving sweet deals all over the country to 1 specific store: Dollar General.** + +**But what about for our case? Guess who finances allllllllllllllllll of those 33 GME stores linked to alllllll 33 of those Walmart Shadow Anchored Portfolios?** + +&#x200B; + +&#x200B; + +**Yes, the very same Ladder Capital, known for lying on these loan applications and featuring heavily in that whistleblower report.** + +# 8. NOI + +One of the biggest issues talked about in that piece on “The Bigger Short” involved overstating the net operating income, or the money that each tenant might bring in. In our case, this might mean that if a store makes only $1000 a month, you say instead “trust meeeee, it actually makes $2000” as one of the ways to fudge these numbers. **So your AAA rated CMBS loan might actually be a BBB or worse based on those lies.** + +In our example from earlier, our Youtuber friend calculates the net operating income and explains how to find it. Get your calculators out apes: + +[big brain time](https://preview.redd.it/7yn1tp49m1l81.png?width=947&format=png&auto=webp&s=cae1f12d6c7157d812cf20c467a9cfdc5bcee05c) + +&#x200B; + +>“The net operating income is 134,902 dollars. The way that it’s calculated is bringing in all the expenses (annual maintenance on the property, insurance property taxes, light, water, and trash we get 30,195, minus one from 165,096 equals the net operating income of 134,000.” + +&#x200B; + +165 000 - 30 000 = 135 000 just about. + +**This number factors into a shit ton of things, be it the capitalization rate to sell to investors (and get their money) to sign on to these Walmart portfolios (where the Walmart is never supposed to leave, right guys?), as well as the very CMBS loans that they are propped up on.** + +# 9. WFCM + +*Remember that coding for that GME loan in that Fort Dodge, IOWA storefront? WFCM 2016-C37 and WFCM 2016-LC25?* + +**Well, what’s WFCM? That stands for Wells Fargo Commercial Mortgage, and Wells Fargo was the originator (person who sets everything up) for alllll the GME stores that were connected to these Walmarts courtesy of the fucking liars at Ladder Capital.** + +&#x200B; + +[No one says go fuck yourself quite like Wells Fargo does](https://preview.redd.it/xvjtub9yo1l81.png?width=974&format=png&auto=webp&s=3d47564014fef744bfa24a643eee7f6b8a895cd0) + +If you look back at the chart too, Wells Fargo also shows up on that Intercept article for overstating income, and–apart from that–have an absolute long history of being absolute asshats to retail investors like you. + +As a bit of a callback, that same 2006 article that featured the Schostaks talked about the boom in commercial real estate with these Walmart portfolios even mentioned Wells Fargo: + +&#x200B; + +“Steven Lowery, a senior vice president in Wells Fargo's Chicago office, agrees: “These retailers \[Walmart\] are very powerful and these are the types of deals that they want to do. **We see more shadow-anchored deals today than we ever have.”** + +>**Wells Fargo has provided construction financing for four shadow-anchored deals in the past two months.** “We tend to take a look at the whole project and if we know that the shadow anchor is a strong draw, we're very comfortable providing the construction financing,” Lowery says. + +&#x200B; + +# 10. The Walmart Prelude to 2017 + +So let me get this straight: + +&#x200B; + +Back in 2006, Wells Fargo and others more or less promised–and others took that promise–that Walmart stores never really closed or at least never up and left. They gave the construction financing to start for a few deals. Soon, Wells Fargo also starts originating loans for what surrounds the Walmart in nearby strip malls. + +&#x200B; + +https://preview.redd.it/3b3v0xh3p1l81.png?width=1280&format=png&auto=webp&s=efbf1da91bd489a8f554eca6c09d622e62b5ec92 + +**Over the course of the next few years, crime fuckery happens by firms such as Ladder Capital, UBS, Starwood, and Goldman Sachs to lie about how much money is made at the stores in the strip malls next to those Walmarts. It might not be a stretch like AT ALL that this could have affected GME stores, especially for those in the Ladder Capital-slash-Wells Fargo portfolios.** + +**SO…these loans to stores like GameStop are then bundled into CMBS loans based on partial bullshit, where Ladder Capital (alongside UBS, Starwood and more) knows they’re lying, and that the either stores might not be doing too hot OR “creative accounting” messes up the numbers as some of these portfolios are sold to investors.** + +&#x200B; + +&#x200B; + +&#x200B; + +And this is running PARALLEL for any public companies in these storefronts. **Remember, Melvin Capital admitted that it had puts on GME as early as 2014. And this commercial real estate picture then intersects, as this is especially the case if GME had its board being driven into the ground, potentially by people like its old CFO Jim Bell.** + +&#x200B; + +Despite all that, some of these CMBS loans might have AAA ratings on perhaps B level standing. But the banks and these financiers don’t give a shit. **This is all as Wells Fargo, who had set up a shit ton of these portfolio deals, said that Walmart stores NEVER CLOSE. They never just up and fuck off from a small town.** + +And then 2016 arrives. And Walmart closes perhaps A SHIT TON of stores all at once…perhaps more than any other part of the decade of the 2010s. This is all as the effects of those closings are meant to echo into the first few months of 2017. Remember, these Walmarts never usually close, or they never usually up and leave at least according to the picture painted in 2006. + +&#x200B; + +[literally taken from videos about Walmart closings back in 2016...notice the store that my arrows are pointing to?](https://preview.redd.it/qf6nxyuem1l81.png?width=921&format=png&auto=webp&s=2594de153244236c3cbc10ee3cb3f308e342fb72) + +**But some of those Walmart stores did. And if there were any of those GME stores nearby as part of a portfolio, the GME stores are left in the lurch in yet another way. And so are the CMBS loans that they are a part of the minute that the anchor just fucks off and leaves.** + +**This then becomes part and parcel of the picture of what we walk into going into 2017. It was that 2017, the same year that Carl Icahn and hedge funds like Apollo Global, MP Partners, Canyon Capital, and more opted to short malls around the country**. And the gears of the doomsday machine against companies like Sears, Dillard’s, popcorn and–of course, GameStop–turned ever faster. + +&#x200B; + +**TL;DR:** + +* **Walmart stores are "anchor stores" at the center of what's called "Walmart Shadow Anchored Portfolios". These commercial real estate portfolios cover strip malls next door to Walmarts. Retail stores that show up often in these portfolios include GME stores.** +* **In the past and especially in 2016, the year before Carl Icahn and hedge funds started shorting malls, Walmart closed hundreds of Walmarts all over the country. Walmarts can also individually up and leave, leaving the towns in the lurch and the stores in "Walmart Shadow Anchored Portfolios" basically going tits up to fend for themselves with the allure of nearby foot traffic.** +* **For a sample of 130 GME stores that I was able to pull from a publically available source, all 33 GME stores inside their adjoining 33 CMBS loans are connected to the Schostak brothers, who began heavily buying up these portfolios around 2006.** +* **In addition to the Schostaks, Wells Fargo originated all 33 of these loans and all 33 GME store loans were also set up/financed with Ladder Capital. Ladder Capital was the primary target of TheIntercept's "The Bigger Short" piece on mortgage fraud. Given this history, there is then, potential possibility that Ladder Capital had also fucked with the GME leases or CMBS loans on those GME stores around the time that the company was being mismanaged and it was being shorted.** + +EDIT: Got downvoted to 0 again within seconds of posting. Fun. + +&#x200B; + +https://preview.redd.it/h37yqrhwp1l81.png?width=371&format=png&auto=webp&s=921c3b451b5e3375fedd1eddfe1865473d2eacb6 +There's a lot of talk about a recession coming. Most of us are too young to appreciate what it's like to live through one. + +What I'm interested in, is what it looked like in the lead up to the recession of the early 90s. Did the media articles look similar to what we're seeing at the moment? + +I'd also love to know what it's like and how quickly things go bad. Also what you learnt from it and how you'll weather the storm when the next one is upon us. +You're a complete and utter fool. Let's take a look at the issues: + +1) No moat at all. Sure they have 50% market share but there are competitors. They're a delivery service - anyone can do what they do. Not only does this pose a risk to market share, but it poses a huge risk to the already thin profit margins. At some point (because of 2-4 below) they will have to lower their fees and take rate, which will hurt margins even more. + +2) No brand value or brand loyalty. People couldn't care less who delivers their food, as long as it shows up on time and hot. Early in COVID I was using Skipthedishes until I got frustrated with poor service so I left. There is nothing to keep customers loyal to DoorDash if someone else offers better service, or the same service at a better price. + +3) Restaurants hate them. DoorDash takes a huge cut, which forces restaurants to raise their prices. I posted an example yesterday about a sandwich I ordered that was $13.95 on the restaurant's online menu but $18.95 on the DoorDash menu. Restaurants have been using them out of necessity but they are already finding ways around it. Many restaurants offer customers incentives for picking up their food. There are reports of restaurants grouping together and doing their own shared delivery. There are even reports of enterprising people starting their own local delivery services at lower rates. + +4) Future growth will plummet. People have been using this service out of necessity but DoorDash doesn't provide a service that will permanently change the way people live. People love eating in restaurants and will flock back to them as soon as it is safe/allowed to do so. Do you really think that people are going to continue ordering in on weekends through an overpriced delivery service as soon as they can return to restaurants? + +5) The CEO reportedly defended the IPO price by saying they priced it at a level they thought fairly reflected the value of the company. That means the CEO thinks the company is worth \~$100/share. + +This IPO was purely a case of ownership taking advantage of timing to raise as much cash as possible. I wouldn't be surprised if this thing is trading at $30 a year from now. This is going to be the FIT or GPRO of 2020 IPOs. +Real estate investments rarely cash flow unless you find a multi level multi family house. If that’s true, how do we still see so many people making a killing in real estate ? Do they simply bet on appreciation ? + +Is it generally recommended to stay away from RE if that’s true ? +During the US election period, how many of you all heard the clichéd statement "You NEED to know your local leaders before worrying about who the next US President is". While I may know my MP, it is true that I have no clue who my other local leaders are. Mainly because they are inconsequential to my decision making as an investor. To investors like us, the US elections are like the butterfly effect magnified countless times. And that is my segue into the topic to be discussed here: + +**What Next for India?** + +The outcome of the present scenario has been discussed widely (White House: Democrat, House of Representatives: Democrat, Senate: GOP) and there is a **consensus that EMs(Emerging Markets)will be the winners** here, at least in the short-term. Arguments for the preceding can be summarized as shown below: + +\- Opposing parties in either houses could mean a delay in the next round of stimulus and other driving policies intended to benefit the US economy. + +\- A mandate to increase corporate and capital gains taxes (by Biden) could see US investors looking actively for investments outside the US. + +\- An accommodative monetary policy is expected to remain in place as the country continues to battle the virus. This again will result in capital inflow into EMs. + +\- It is likely that India will no longer feel the (retaliatory) pressure to remove tariffs on certain imports, thereby supporting domestic companies. + +\- Lastly, looking at valuation, at a PE of 40x the S&P500 is seen as being relatively overvalued to the Nifty (33x) + +Using this forum, I hope to solicit a meaningful discussion among retail investors on how things could pan out. **Contrarian views (provided in utmost decorum) are most welcome.** +I started tracking my account balances in a spreadsheet when I was still in college and have updated it fairly regularly since. I'm sharing as I thought people might be interested to see charts over 16 years. (I also haven't had wildly lucrative jobs for most of my career, so this might be a path that feels a little “more attainable” to some people.) + +If I could go back, I would have tracked things way differently. This was the *only* personal finance-y thing I did. I never really tracked my spending, made a budget, made a plan for the future, etc. + +My “philosophy,” to the extent I have one, is to try to get big stuff right: family, friendships/relationships, a job you like, housing, transportation, 401k match, credit cards. I don’t actually drink lattes, but I don’t worry about this sort of thing either, if you know what I mean. + +So here’s some charts, an explanation of how I got here, and then I’ll ask for some advice going forward. + +**Charts 2004-present:** [Net worth](https://imgur.com/a/lXY6am2) **|** [Breakdown of assets](https://imgur.com/a/FcsAhwR) **|** [Allocation of assets](https://imgur.com/a/3rqdHlN) (an odd and fun one) + +**The start:** I graduated with almost exactly $60,000 in student loans. I started tracking my bank account because I was saving for a car and wanted to buy it without a loan. In hindsight, buying a $14,000 car for a $28,000 job was a bad move. Although in my first year I got a promotion to $42k. + +**Years 1-5:** [Net worth](https://imgur.com/a/18YbUUz) **|** [Assets](https://imgur.com/a/RJn0Luw) + +These were good fun years, but financially a slog. I made some good moves in hindsight. I opened a 401k as soon as I could. I kept the 401k contributions going even in 2008-09 when I took a painful furlough and the market crashed. My net worth didn’t even turn positive until late 2009. But after 5 years of steadily chipping away I had $45,000 in the market, $20,000 in cash, and had chipped $12,000 off the student loans. + +**Years 5-10:** [Net worth](https://imgur.com/a/D4) **|** [Assets](https://imgur.com/a/nLpJjfw) + +**Housing:** I don’t like pinching pennies because *you have to pinch a million pennies to make up for a $10,000 financial blunder.* The biggest place I’ve seen people making this mistake is housing. + +In my city (known on the reddit as an HCOL), it was totally socially acceptable for twentysomethings to live in group houses. My first year in a group house wasn’t the right mix of people. A lot of my peers at age 23 were like "I need my own place" and signed $2,000/mo leases on $50,000-a-year jobs. But instead I spent several deliberate months looking for people to form a better group. Guys who are tidy, but not persnickety. Chill, but reliable. Fun, but not a Jack Kerouac character. Four of us on the same page found a 2 br+den place, did some DIY drywalling, and made it into a 4 br. Lived there 2006-13, paying $600-700 a person/mo. We were saving $1,000+ a month, relative to many of our social group, for seven years, because of this single decision. + +In 2013, the house disbanded and I moved in with my then-GF/now wife (we made $110k combined at the time). We ran the numbers. We could live far out and save money on rent but we’d need at least one, and realistically, two cars. Or we could spend more on rent but live in a prime downtown neighborhood and ditch the cars. I think a lot of people in HCOL’s get this trade-off wrong, from a financial perspective. They just look at the sticker price of the apartment/house. I know people who have two cars and 40-minute commutes because they wanted to save $300 a month on rent. + +The most important thing to know about my wife is that she's smart & funny & beautiful & smoking hot and I love her to pieces. Second most important thing is we can get mostly on the same page on this type of stuff. + +Once we decided to live walking distance from work and sell our cars, we were surprised to discover it was significantly cheaper to buy a 1-BR condo than rent a 1-BR in our preferred neighborhood. We went car free for almost 6 years (loved it, it's actually liberating) and saved a ton. We decided car-free life would be too inconvenient with kids, so did get a car again a couple years ago. (I don't track this as an asset anymore.) + +**Years 10 to present:** [Net worth](https://imgur.com/a/YxdjNoE) **|** [Assets](https://imgur.com/a/vesF7g8) + +By 2018, we had \~$200k equity in the condo. Since we could easily rent it for more than the mortgage, we tapped equity to buy a new place. We became landlords of Condo 1, and started living in Condo 2 ourselves. + +The renting went really well, and we still had lots of equity in the original condo, so after another year we decided to tap more equity and buy Condo 3. (I track the equity by averaging Zillow, Realtor.com, Redfin and Homes.com price estimates, which produces something quite reasonable in our locations, and then subtracting 6%.) + +**Equity:** [Condo equity](https://imgur.com/a/wv7No1M) + +We’ve done ok financially, just by starting right away, getting big decisions right, and keeping at it. On paper, I guess we’re millionaires. We both got new jobs in the last couple years and as of 2019 are making good salaries for the first time in our lives ($130k and $100k). We're 37 and 34. We want to get to (undefined value) FI, but at this point we really like our careers and don't have any interest in retiring. With this lengthy explainer, here’s my questions: + +1. I think I want out of rental properties. They're on course to earn \~12-15% this year, but I didn’t anticipate a tenant could lose their job and the government might step in and force me to eat the expenses for a full year. And I’m not even critical of the government here because I wouldn’t have wanted to twist the screws on someone in 2020. I’ve realized I like managing property but simply wouldn’t have the stomach to evict someone down on their luck from their home. Am I nuts to get out (when the current leases end in 2022)? I think we avoid cap gains on Condo 1 since we have lived there 6 of the last 8 years? +2. I’m wondering about a 1031 exchange for a vacation rental w/ condo 3. Anyone have experience with a 1031? What math should we consider for a vacation rental? I’m thinking of an inexpensive place 3 hours away that we could afford ourselves just for fun, but that we could rent out weekly in peak seasons to cover some/most of the mortgage expenses we’d have. I don’t expect to earn 12-15% from it, but I also don’t want to hemorrhage money mindlessly. +3. If we don’t do the 1031 exchange, what should we do with the proceeds from selling? We might be looking at several hundred thousand dollars, even after extinguishing all the associated debt. We already keep more cash than we really ought to from an “optimization” standpoint. What should we do instead? +4. Finally, I'm worried about doing all this saving and then getting slaughtered by FAFSA in 15-16 years. Any tips within that context? +Don't get me wrong, I love wrinkle brains that can analyze the shit out of seemingly unrelated factoids and generate some crackpot theories about GME. However, I'm really tired of seeing these giant self-conceited posts about how you "calculated" exactly when things will start to moon, and I'm convinced it's just a bullshit attempt at farming karma while gambling on being right to just pocket an "I told you so" card redeemable infinity times. + +In the last 12+ months, there is one thing that we have learned beyond the shadow of a doubt... We have no fucking clue how this stock is going to behave, nor can we even fathom the depths of hell these fucktard hedgies are willing sink to in order to conjure more fuckery to kick the can and protect their stolen wealth. All the bullshit predictions do is discourage people from hopping on the DRS train out of FOMO thinking their shares will be stuck in limbo while they should be cashing out. In reality, when we do moon it probably will take weeks to wind up and even longer to unwind, so the odds of bagholding are low. But still, cut the shit. Shut up, be humble about your market knowledge (because it doesn't fucking apply here), and enjoy the ride with the rest of us. +1. The money supply needs to grow with the economy. ~ If the economy doubles but the money supply stays the same, everyone needs to take a 50% pay cut. A gold standard creates deflation which makes it much more difficult for economic coordination to occur. + +2. The Gold Standard doesn't solve the problem of trust. ~ Unless you're paying for your snickers bar with a bar of gold, all paper money requires trust in the issuing institution. In all of history all gold-standard based paper money has eventually had it's convertibility ratio changed. Governments, banks, and all issuing institutions can and have modified how much gold a given bill converts to up to and including going off the gold standard entirely. + +3. Tying currency to any physical asset means changes in the use-value of the asset creates large economic disruptions. ~ If someone invents a new way to mine gold, the inflation rate shoots through the roof. If someone invents a new use for gold (not unthinkable, it's already used in electronics) then deflation will occur as gold is taken out of the money supply for use. + +4. Economic forces already ensure that fiat money supplies will be as reliable as any other financial investment (including gold). ~ If you fear US inflation you can always use your money to buy Euros, Yuan, or even gold. Countries compete for stable currencies in the open market. + +5. US dollars are backed by something more valuable than gold: The taxing power of the US government. ~ Since the government requires taxes be paid in dollars, that ensures that dollars will always be sought after for that purpose. + +6. The gold standard is often seen as a way to ensure that governments won't try to inflate away their debt. But that doesn't fix the origins of the problem: governments taking on debts they can't pay. ~ If governments can't inflate away their debt they'll still have to pay it off. This means crippling taxes. As unpopular as inflation is, it's not clear that correspondingly high taxes are any better. If you want to improve government, look into improving government institutions to strengthen democratic accountability. The gold standard is not going to help. +He has the money to pay and it's frustrating to keep getting notices that he still owes, whenever he attempts to make payments and they continued to deny them. + +He rang them up repeatedly, only to be told this time, that it was because his funds weren't from an actual bank account (he uses Bancorp) Is it possible to open at least a checking account with another bank, given his credit financial history in order to pay off the student loans? +News was released fifteen minutes ago that senior members from Boeing are having discussion of a possible bailout or stimulus from the government. Ladies and gentlemen, we are on the cusp of 2008 fuckery. + +https://www.reuters.com/article/us-health-coronavirus-boeing/boeing-in-talks-for-short-term-u-s-government-assistance-source-idUSKBN2133WX + +Update: Looks like this even comes after they maxed out their credit line at $13.8b, subsequently lowering their bond rating to BBB. +Good Morning Apes! + +We expect more FTD flow to continue and amplify while many of the ETF FTDs expected over the last 2 days were likely push through dark pools and still need to print to the lit exchange the sheer spike in volume traded seems sufficient to show that the FTD flow has begun. + +These FTDs will continue to increase in number as we approach the periods were significant creation/shorting began. Also FTDs from any futures contracts that failed to roll over will likely rear their heads in the coming days. + +[ETF and MM FTD overlap began yesterday](https://preview.redd.it/vwocy2x7d2b81.png?width=2452&format=png&auto=webp&s=10d12c7126d215f9667c2cebe87586f815c435f3) + +Much of the current volume is being internalized how long they will continue to carry this risk before it begins to spill out is anyone's guess. Their goal here is to maintain a low price point while internalizing buy pressure in order to get people to sell out of their long-term near or ATM call positions and thus reduce their exposure. Just like with shares they want people to sell. + +Here is some of the DP and Odd Lot data for Friday and yesterday. + +https://preview.redd.it/r7ik9i95e2b81.png?width=1139&format=png&auto=webp&s=37825d55d424934cb3f341092e723a38aef327f8 + +https://preview.redd.it/tsmva9m7e2b81.png?width=2058&format=png&auto=webp&s=8a28b07ff809400b927de0990c9acf258bfe9fd7 + +**Check out this DD from** u/DR_Gingerballs **for some information on getting your** [**DIX out for GME**](https://www.reddit.com/r/Superstonk/comments/s13qbp/state_of_the_dip_jan_10_22/) **and what this dark pool volume means for us moving forward.** + +It is my belief that this price suppression during this period of FTD covering is not sustainable, and is being done in an effort to get people to sell out of long-term options positions based on short-term price movement and thus reduce the extent of Gamma Exposure moving forward in this cycle. + +**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 Hours + +Still low and slow the dips today were not sustained but neither was the upside as long as volatility continues to pick up I remain bullish. The FTDs will continue to compound and these short term short positions cannot be internalized forever. The asymmetrical risk will continue to diverge as retail buys this dip and an equilibrium must be found. Volatility is already skewing bullish pricing an upside move. Thank you all for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/c9a5n8cji4b81.png?width=693&format=png&auto=webp&s=63c94be8bcdd1603c58a50b750d1df906829b846 + +Edit 5 3:11 +