diff --git "a/reddit_finance_43_250k_258.txt" "b/reddit_finance_43_250k_258.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_258.txt" @@ -0,0 +1,10000 @@ +Back at 130 small breakout but ultimately failed the test at VWAP + +https://preview.redd.it/lylucg0194b81.png?width=1587&format=png&auto=webp&s=6438052e112f4934cf4c9c9d0afff1dab0fb59e8 + +Edit 4 1:23 + +Price slammed down to 128 and the downward movement was not in correlation with the other ETF basket stocks this was a direct short on GME itself. They may continue to push. + +https://preview.redd.it/ueqpib20q3b81.png?width=1567&format=png&auto=webp&s=8ee7ab62e03db9607edb385bb11726f9c87e4168 + +Edit 3 12:03 + +Still holding flat some big volume on that spike but otherwise glued to 132.50 support/resistance + +https://preview.redd.it/oq2zxwrgb3b81.png?width=1561&format=png&auto=webp&s=450de026ea5045011992abc62dfa743c7b307ee5 + +Edit 2 11:10 + +Failed the breakout finding support and consolidation again at the 132.50 range that has been anchoring price action. with some of those deeper in the money puts closed we may have a clear path to continued price improvement. + +https://preview.redd.it/ng6kvi8723b81.png?width=1583&format=png&auto=webp&s=30500137d8c82004367713ad3170b1d51d2905c6 + +Edit 1 10:05 + +Some more sell offs in the put walls are driving opening price action up + +https://preview.redd.it/unakqcnkq2b81.png?width=862&format=png&auto=webp&s=34f1813bf276e86d52ac038d5ee3c72c2bcc8965 + +https://preview.redd.it/5graushiq2b81.png?width=1564&format=png&auto=webp&s=83b51f13d99cce29326cb56487aaebec75bb60ee + +# Pre-Market Analysis + +With a pretty big chunk of the put chain shed last night near term -delta hedging pressure dropped off at the end of the day as we saw a small rise but still down from the previous days close. It looks like some farther dated deep ITM puts were being purchased in an effort to maintain that downward pressure as shares borrowed were returned at EOD. + +Volume: 22.89k + +Max Pain: 135 (down from yesterday due to put volume) + +Shares to Borrow: + +IBKR - 25,000 @ 0.6% + +Fidelity - 492,701 @ 0.75% + +A small not XRT shares to borrow down to 77,807 from both sources from around 300,000 at close yesterday. This is on the threshold list and can only be shorted with a pre-borrow agreement. + +CV\_VWAP + +[I included 0A6L from the London Exchange as well today](https://preview.redd.it/x8yx03g6h2b81.png?width=2454&format=png&auto=webp&s=3ea7ed97f7d833ae27e177f047e238d2b0451ecd) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +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 + +Back at 130 small breakout but ultimately failed the test at VWAP + +https://preview.redd.it/lylucg0194b81.png?width=1587&format=png&auto=webp&s=6438052e112f4934cf4c9c9d0afff1dab0fb59e8 + +Edit 4 1:23 + +Price slammed down to 128 and the downward movement was not in correlation with the other ETF basket stocks this was a direct short on GME itself. They may continue to push. + +https://preview.redd.it/ueqpib20q3b81.png?width=1567&format=png&auto=webp&s=8ee7ab62e03db9607edb385bb11726f9c87e4168 + +Edit 3 12:03 + +Still holding flat some big volume on that spike but otherwise glued to 132.50 support/resistance + +https://preview.redd.it/oq2zxwrgb3b81.png?width=1561&format=png&auto=webp&s=450de026ea5045011992abc62dfa743c7b307ee5 + +Edit 2 11:10 + +Failed the breakout finding support and consolidation again at the 132.50 range that has been anchoring price action. with some of those deeper in the money puts closed we may have a clear path to continued price improvement. + +https://preview.redd.it/ng6kvi8723b81.png?width=1583&format=png&auto=webp&s=30500137d8c82004367713ad3170b1d51d2905c6 + +Edit 1 10:05 + +Some more sell offs in the put walls are driving opening price action up + +https://preview.redd.it/unakqcnkq2b81.png?width=862&format=png&auto=webp&s=34f1813bf276e86d52ac038d5ee3c72c2bcc8965 + +https://preview.redd.it/5graushiq2b81.png?width=1564&format=png&auto=webp&s=83b51f13d99cce29326cb56487aaebec75bb60ee + +# Pre-Market Analysis + +With a pretty big chunk of the put chain shed last night near term -delta hedging pressure dropped off at the end of the day as we saw a small rise but still down from the previous days close. It looks like some farther dated deep ITM puts were being purchased in an effort to maintain that downward pressure as shares borrowed were returned at EOD. + +Volume: 22.89k + +Max Pain: 135 (down from yesterday due to put volume) + +Shares to Borrow: + +IBKR - 25,000 @ 0.6% + +Fidelity - 492,701 @ 0.75% + +A small not XRT shares to borrow down to 77,807 from both sources from around 300,000 at close yesterday. This is on the threshold list and can only be shorted with a pre-borrow agreement. + +CV\_VWAP + +[I included 0A6L from the London Exchange as well today](https://preview.redd.it/x8yx03g6h2b81.png?width=2454&format=png&auto=webp&s=3ea7ed97f7d833ae27e177f047e238d2b0451ecd) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* + As I do more with the wheel I find that I like it and think (I hope🙏) I can make a bit of profit (and clean up that red). So I’m wondering what tools people use for scanning for the best stocks to wheel. How do you find the highest IV stocks? The ones with the most premium? + +Right now I’m just scanning WSB and looking at what meme stocks people are hyped about then looking at those to see if I want to own them or if it’s worth it. I also read a bunch of news/financial sources to see what is happening and what those people are pumping. +Update 5/3/21: My option contracts have got destroyed but im still confident they print. I have been getting some more VGSH contracts b/c im confident they will print because the market will raise rates before the FED wants. There might not be a lot of buyers in these contracts so I plan on exercising these options and selling to get my money on them. + +https://preview.redd.it/agzqhf2uk0x61.png?width=1408&format=png&auto=webp&s=6239cbd8ac9e83e66f12396520d128e4ca18435f + +https://preview.redd.it/5f275i2uk0x61.png?width=556&format=png&auto=webp&s=5f95ffe4aba27cddd0426c455e0c28dae14fa385 + +https://preview.redd.it/uqc6l03uk0x61.png?width=568&format=png&auto=webp&s=82272310d23f5fd2a184ad482e01217f2ceecea7 + +https://preview.redd.it/hacobi3uk0x61.png?width=568&format=png&auto=webp&s=be50f69af0b5fda48080b822b5624342fc8e3a30 + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Update 4/3/21: I took another huge hit on Thursday when treasury yields took a dip. I am still extremely confident in this trade. Even more confident than I was when I made the original post. If you look at CFTC website, Commodity Future Trading Commission at the commitment of traders you can look at the position on U.S. treasuries among asset managers, leveraged funds, and some other people. + +**I'm not the only one short treasuries. Leveraged funds are short treasuries to the tune of a couple trillion dollars (someone please tell me if I am mis-interpreting these position share numbers and the total amount short. i am multiplying the short share number by face value of the contracts). Their position on the 2-year and 5-year is short 2:1.** + +https://preview.redd.it/33asisy960r61.png?width=1714&format=png&auto=webp&s=b191cb2a09b910bb7c27382e5541c00f3db380c7 + +**This is only highlighting 2-year and 5-year and leveraged funds. You can go look through this yourself. Either way, there are 2 trillion dollars worth of 2-year and 5-year treasuries sold short. i saw this play before these leveraged players and i think it is safe to assume that they are smarter than me. I would not expect institutional and asset managers to have such speculative short positions because they are more concerned about % returns and portfolio balance than taking big gambles. Seems like funds backed off the 10-year short positions and they are net long on 10-yrs (at least asset managers and leveraged funds). imo, that real interest rates on 10y at 1.72% would still be less of a loss for funds than 2-yr and 5-yr bonds. these shorter bonds.** + +[https://www.cftc.gov/dea/options/financial\_lof.htm](https://www.cftc.gov/dea/options/financial_lof.htm) + +[https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm](https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm) + +Here are my positions as of April 3 2021 (4/3/21)....4321. 1234? + +I have been trying to diversify my equity positions. Working on getting more money into my account to build my commodity positions. + +&#x200B; + +https://preview.redd.it/x3rwyj1a80r61.png?width=1464&format=png&auto=webp&s=70e7b81111f2a248523ea8d54e32847a598e400c + +https://preview.redd.it/0j3rpe1a80r61.png?width=568&format=png&auto=webp&s=4a9c31d13bdc7d94cb70d01114d3b19bbb7a8b52 + +https://preview.redd.it/mc8wai1a80r61.png?width=566&format=png&auto=webp&s=a9361961a78020c865eed167dd6be165e50ac626 + +https://preview.redd.it/cve30g1a80r61.png?width=554&format=png&auto=webp&s=292079b7e9199befe6794eea583bbab5f0b8dcda + +Update: 3/30/21 I am currently in the field collecting data. Remember I am a biologist. I wanted to share an article written by Ray Dalio on bonds. + +"bond prices are close to their upper limits in price, which makes being short them a relatively low-risk bet" + +[https://www.bridgewater.com/research-and-insights/why-in-the-world-would-you-own-bonds-when](https://www.bridgewater.com/research-and-insights/why-in-the-world-would-you-own-bonds-when) + +Last week was a pretty brutal week, below are my holdings. I will post again when I get back from the field. I'm not worried about these losses. As time goes on, im growing increasing confidence in this position. + +https://preview.redd.it/3oiuz4q1v9q61.png?width=1486&format=png&auto=webp&s=464b15b34d1dc5d2204124157ca9ddddfba44498 + +https://preview.redd.it/eciqafq1v9q61.png?width=562&format=png&auto=webp&s=203fb1ae23b28c23176c4ef98d7dd3f7a6c74d0d + +https://preview.redd.it/g4r9bjq1v9q61.png?width=564&format=png&auto=webp&s=6c808174992f121b532070a32b92bed2264497c3 + +https://preview.redd.it/8jhe74q1v9q61.png?width=554&format=png&auto=webp&s=ab566d359c01219b1c2b9000cc43b901e196f555 + +&#x200B; + +Update 3/19/21: since the update i sold almost all my commodities and put it against the bond market. I sold my TLT put today in the money and got some pretty good gains on it. When I sold all the commodities that I could I bought a bunch of TBT calls for June that were close to the money (I spent \~1600 on this). Im not sure what I want to do with the money I cashed into today with TLT put. Im going to wait until next week to decide where I re-invest it. Good chance I go back against bonds, but I like RFP, MT, CLF, and other commodity plays. + +The volatile of some of my calls makes the amount of money and the line that tracks my account deceiving. Don't get anything I purchase if you don't know what your doing because i am an amateur. + +FUD is real and there are bear and bull thesis out there on the market and I have listened to so many people it casts doubt on my original thesis. However, the circumstances of todays market, especially the amount of speculation, make me confident in betting against bonds and I think until it is clear how the FED can get out of raising yields without causing inflation or financial crisis. + +The main bull on bonds is Steve VanMetre: [https://t.co/obHyG6uw9v?amp=1](https://t.co/obHyG6uw9v?amp=1) ;[https://youtu.be/knthggCs\_KQ](https://youtu.be/knthggCs_KQ) . He knows a lot about bonds than I do. Im just not sure that his US-centered interpretation of bonds/treasuries reflect the what the market will do because about half of our treasuries are owned by foreign investors. + +Great blog I found who is a bear are on the entire market: [https://zensecondlife.blogspot.com/2021/03/peak-sugar-high.html](https://zensecondlife.blogspot.com/2021/03/peak-sugar-high.html) + +Also listen to Peter Schiff, George Gammon, and David Hunter. + +SLR: change was lifted today and Steve VanMetre thinks that this will spark a bull run in bonds (meaning yields go down) because banks will have to go out and buy a whole bunch of treasuries to meet their SLR rule. This might be true and it could bring yields down for a while, it could also be why David Hunter the contrarian thinks that yields will fall before they go up really high. I don't want to offer my speculation because I have nothing unique to offer than all of the people out there, but i am BEARISH on bonds. + +So many experts out there but no consensus. We are in unprecedented times with treasuries at historic lows. To me it seems we are closer to 1929 then we ever have been. I am sticking with this play and ill post here with updates, losses or profits. I still think I win this trade in the end. + +My positions as of market close today. + +https://preview.redd.it/hvhrotml42o61.png?width=2162&format=png&auto=webp&s=0e77225954bf589b95cd05fc9da777fa0b2dc2ab + +https://preview.redd.it/tag2html42o61.png?width=676&format=png&auto=webp&s=24ab3f82762a7702992d4954caed5cb30174f6f9 + +&#x200B; + +&#x200B; + +&#x200B; + +\-----------------------------------------------------original post------------------------------------------------------------ + +Hey everyone, + +So basically I think there is a good probability that we are at the edge of an economic downturn. I have been talking about the bond market, and looking into what is going on there and it is clear that the FED has their hands tied on this and our only path forwards are 1) hyperinflation or 2) failure in the bond market due to rising interest rates. + +In 2019, the world economy was running hot AF. In just the span of time from 2018-2019 the us median income rose 2%, poverty dropped 2%, and it all seemed very good. + +The FED saw that the economy was getting hot, and that their quantitative easing (QE) policy might be becoming less effective. They have some bank tools that are used to combat inflation and interest rates. These tools are IOER, SLR%, and YCC. + +IOER: Interest one excessive reserves. This is perhaps the most important tool because feds can manually change the interest rate on the M1 money stock. This is important because from this first money stock, every-time one passes hands there is an interest rate associated with it. So Interest rate on IOER affects the M1 money stock, M2 money stock, all banks, and almost all of the credit that we try to get, it also affects SLR%. + +SLR%: Supplementary leverage ratio %. This is basically how much loan loss reserves a banks and companies need to always keep on hand in order to meet the needs of their members. For example, the US fed can put a cap at 10% SLR% and that means that the bank can leverage 90% of its money out, while only keeping 10% on hand. This is influenced by IOER and this SLR% is the main reason we cannot raise interest rates using IOER. + +Edit 3/16/21: see full description at bottom. IOER and SLR% are two independent tools that the fed can use to influences rates on the money stock and for bank collateral. + +In 2019 we tried raising IOER, which increased SLR. When we did that we moved the underbelly of a beast so massive we had no idea how big it could be. When we raised IOER many banks and companies have taken out so much debt that they literally COULD NOT STAY LIQUID with increases in interest rates. + +[https://youtu.be/URvok29rf-w](https://youtu.be/URvok29rf-w) + +Not only did this raise in interest rates lead to a huge liquidity disaster, it also led to liquidity disasters IN OTHER COUNTRIES. That is really really really worrisome. We raise interest in the IOER and all the suddenly Turkey also is having a major fucking liquidity issue. I don't know each country but I do know that our 2019 actions were affecting Turkey and other countries. + +So what did we do in response the the 2019 liquidity disasters? WE LOWERED INTEREST RATES AND PRINTED MORE MONEY. WE KEPT THE ZOMBIE GOING. + +then the pandemic hit... + +The pandemic hit and the FED already knew we were at a knives edge with the bond market. So their plan, although they say it was to help us, was to pump up the zombie economy with a huge monumental stimulus. Then we got two more after. + +I wanted this stimulus, we all wanted this stimulus, but by pumping the stimulus in the economy and pumping up these institutions that can't stay liquid if they had high interest rates has kind of put off the inevitable. A huge falling out of people who have too much debt. + +So here we are in 2021. Government debt has not improved (it has got worse), credit ratings on many zombie companies that aren't turning a profit are going to get worse and worse credit ratings = high standards of SLR% to stay liquid. This is going to make it even MORE difficult for these companies to deal with high interest rates. + +**WHAT DOES THIS FIRST PART MEAN?** + +We have tools to deal with inflation, the most important being raised interest rates using (IOER) which influences SLR% and capital requirements of institutions. However, we have so much debt, and so much of this debt belongs to companies that don't turn a significant profit. So we can't raise interest rates if we don't want a flat out crash in the bond market and wave of bankruptcies of major corporations and possibly financial institutions. + +so if controlling for inflation by raising IOER would lead to a liquidity crisis in the bond market, how do we control for and prevent hyper inflation? + +People have been talking about Yield Curve Control (YCC) as it is a tool to control for inflation. However it is not. YCC works by the FED going into the economy and buying up as many 10y and 30yr bonds as they can (this puts more money in economy), then selling a bunch of their short term expiring bonds. This buying on the long end and selling on the short end would help keep interest rates low for companies to stay liquid, BUT LOW INTEREST RATES LEADS US TO MORE INFLATION, so this plan will not work for very long. + +**THE FED IS BETWEEN A ROCK AND A HARD PLACE** + +**increase IOER to control inflation** = major liquidity issue and a fallout of our bond market + +**do YCC to avoid fall out of bond market** = more inflation! + +**print more money** i**nject it into the economy** = buy more time but put off inevitable. + +I have been thinking about this and I don't see that they have a way out. I have read into it and also heard people talk about this long before I got here. Below I leave some links so you can hear about this from someone else besides me. + +[https://youtu.be/CCmdmOr06pY](https://youtu.be/CCmdmOr06pY) (CNBC on bond market) + +[https://www.youtube.com/user/TheMoneyGPS](https://www.youtube.com/user/TheMoneyGPS) (another person who actually looks at numbers and data) + +[https://youtu.be/28VXEocPnw4](https://youtu.be/28VXEocPnw4) (Peter Schiff has been saying this for a long time) + +[https://youtu.be/Y1OkOtQND8w](https://youtu.be/Y1OkOtQND8w) (former banker sees same pending disaster) + +**Commodities** + +I don't want to talk about the inflation we are seeing in commodities because we have talked about steel a shit ton here and all of us know that inflationary signs are all over the economy. CPI will literally be the last indicator that inflation is here SO PLEASE INGORE THE FED WHEN THEY SAY CPI IS LOW. + +We see inflationary pressure all over the market. Especially in commodities, producer prices, import costs, housing prices, etc. The FED is only saving face with CPI cause they know controlling inflation means crashing the bond market. + +**My Plan** + +**Exposed myself to commodities**: I have invested in a handful of commodity tickers $RFP $MT $CLF $LPX $CTT $PCH $SXC, $ADM because even if we have the catalysts of a crazy economic recovery we also have inflation. So no matter what these stocks do, they HAVE to go up. I think in 2021 any commodity stock that can produce cash is a good one to have. + +**Expose myself to raising interest rates**: To ensure that I do not end up being a bag holder for the irresponsible lending and money printing that our government has engaged in for the last decade i am buying puts against the bond market. I have bought puts against $TLT $VGSH $HYG $VMBS $VGIT. I will keep buying them too. + +**interest rates stay low = more inflation = commodity stocks go up** + +**raise interest to control inflation = bond yields go up, prices of bonds go down. potential fallout of companies and institutions that can't meet SLR%** + +I took out positions on Monday and its like i touched a beast that just woke up. It should not be possible to be up $1500 in one day. the VGSH puts for october that I got for 10 dollars are now worth like 300. + +https://preview.redd.it/rrfa5jmh1vm61.png?width=2216&format=png&auto=webp&s=0cfecc64d7cf74f06be13f63d93ec170b739e634 + +&#x200B; + +TLDR; If you want to protect yourself from inflation, buy commodities. If you want to protect yourself from the fucking house of cards that is the bond market, buy puts on bond ETF's against the bond market. This strategy might be VERY successful this year. Most of the puts i am buying are for the late fall or early next year. + +If this country could handle higher interest rates I think we would be okay. But the 2019 disaster did not spur confidence that we we were in a position then, and now the house of cards has only expanded and our money printing has led to enormous amounts of speculation that this world has never seen. Cryptos, SPACs, NFT's, High valuations, Cathie Wood, Chamath, etc. etc. To make this wore we are already starting to see inflation pressures hit producers and commodities. EU and AU are doing MORE MONEY PRINTING and QE. Money hasn't even started moving through the economy too. We have not even opened up. + +I sincerely wish I could believe this administration that we are in for a great economic recovery. They are completely ignoring the huge fucking problem right under their nose. + +Edit 3/13/21: this guy seems to agree with me [https://youtu.be/\_\_eVeN8wmfQ](https://youtu.be/__eVeN8wmfQ) + +Edit 3/16/21: Heresy capital has a great interview with David Hunter that basically talks about the same thing I see in the financial system, it is overleveraged. [https://youtu.be/v8l3oeq4eE8](https://youtu.be/v8l3oeq4eE8). He has a lot of other great videos too. He seems to have genuine insight and a much deeper understanding of the financial system on youtube compared to MeetKevin, Ten Cents, and Tom Nash. These three youtubers offer some good insight but they are not really focused on macro. + +Edit 3/16/21: u/iHustling correctly pointed out that my interpretation of SLR and IOER was incorrect and he looked into it to clarify that these two tools are independent from each other. Below is his explanation of these measures. The misleading part about my interpretation of these two measures is that I assumed IOER also determined SLR%. This was a hasty assumption made by me because I could not see how the rates on the money supply could vary drastically than the SLR% on banks. Here is his explanation: + +"IOER set by the Fed for sure. SLR just seems to be a regulation placed on the banks that the Fed can change, but hasn't changed to this date. The Fed exert enough control through IOER and open market activity. The IOER does allow them to basically change the repo rates and Fed funds rate. + +If the Fed funds rate were lower then the IOER, banks would make a profit by borrowing from other banks and lending to the Fed and vice versa. Therefore the Fed fund rate and IOER are effectively the same rate. + +By controlling the Fed fund rate through the IOER, they can also control the repo rate because the repo rate trails the Fed fund rate by a couple of basis points. The only difference between these two is one is backed by collateral and the other is not. The Fed fund rate is usually 25 basis points higher. This makes up for the lack of collateral. + +So what does this mean for your post? It seems the beginning of it may be a little misleading if I am correct in what the SLR is and isn't." + +here are all my positions + +https://preview.redd.it/c54ice9g1vm61.png?width=552&format=png&auto=webp&s=5a1bed8e2ed7e1151b8ef1d9347d811e4017fc54 + +https://preview.redd.it/0du8uc9g1vm61.png?width=568&format=png&auto=webp&s=99adc2a783bbc1c4499d975034b2fee10e5e6e65 + +https://preview.redd.it/kid15f9g1vm61.png?width=556&format=png&auto=webp&s=e785c1a2d5f063834c754fa73e2b36d857591e00 +Lots of praise about how the airdrop is going for the reddit NFT. It works great and smooth. What I like about it that you can also mix and match with your current avatar. + +Here is how to get one if you have not already. I don't know the exact criteria, may about 2.5K Reddit Karma points? + +It looks like you need to be on a desktop. Surf around a bit and got to the home page of reddit. Make sure you are log in of course. Then scroll down a bit and if you are qualified you should see a banner that looks like this. + +&#x200B; + +https://preview.redd.it/i003ebamgri91.png?width=354&format=png&auto=webp&s=ad22ad9af87c45c6eba4ddcbf70d86ed160e1ddf + +click on the link and you can chose a few themes, there is a post some where showing that some of these collections are actually being action off at the moment. When you get it you can style your avatar with the NFT or you can just chose to mix and match. + +Anyways there you go have fun with it. show off your NFT below if you have any. haha + +tldr: go to desktop version, front page, scroll about a bit and look for the banner. + +edit: apparently if you can get it on your phone if you use desktop mode as per comment below. + +&#x200B; +I messaged my hiking group on facebook that I was looking for resources because my son needed clothing, and I was out of work 6 months with no unemployment because he was out of school during the pandemic. I was asking about cheap thrift store or programs that might help. Instead they went out and bought a whole winter wardrobe. I'm not religious and yet I still feel so blessed. If you need something and arent used to it reach out politely to any organizations you are involved in. In my more well off years I have donated to many. I will again, but no shame in needing help when you do. +Good morning, + +Yesterday was a crazy day with AACG showing some ridiculous moves on the upside. Congratulations to those of you who managed to catch it. That said, there are equally stocks like CPSH which temporarily show potential and then flash-crash down, so be careful out there. Here is my watchlist for today: + +1. **$LAIX (LAIX Inc) -** I can't see a catalyst with this stock, but it's made some crazy moves pre-market. Similar to AACG, this is an ADR based in China and this is very likely another 'pump/dump' like we have seen a lot lately. +2. **$JG(Aurora Mobile)** \- This is another ADR but does actually have a catalyst, which seems to be an announced partnership with Kuaishou to increase monetisation efficiency. This has ripped up in the last 20 minutes and at it's all-time-high. One to watch, this will be our leading gapper going into the open at this rate. +3. **AAME (Atlantic American)** \- We've seen this rip up a few hours ago and then followed by a selloff, but it keeps testing the VWAP (currently acting as resistance) which shows promise. A break of this VWAP and a push through $5 would definitely attract a lot of attention. + +Other stocks I will be watching: STG, AREC, KRKR, TTOO (High float), TDC (High float) + +As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. + +Have a good weekend. + +\-Rep +We have three kids, all younger than 8. How do we explain to them that I no longer work, but they don't need to worry about our finances? + +We don't want them to become entitled and think we can buy them anything they want, or that they are "better" than other kids because we are "rich", or even to tell their friends about our situation. + +Also, we want to ensure they don't feel bad if as adults they don't have as much financial success as we have, since we know how lucky and privileged we have been. + +I don't mind telling them white lies, but even small kids can tell that nobody at home is currently working. + +Thanks! + +**Edit**: Thank you for all the insightful replies. This is how I'll frame it from now on: + +> Thanks to many years of working hard and living below our means, we don't need to work as much anymore, so we can spend more time with you from now on. +My brother is repeatedly taking out quick cash type loans using his own mother's social security number. My other siblings and I wanted to contact police after it happened last month, but Mom begged us not to. She only found out about the loan when she started getting harassing phone calls about it. He scrounged together the money to pay if off (in person, with Mom present) with the understanding that this can never happen again. + +Mom calls me today to say he has done it again. She discovered a new loan for $1,800 or so on her credit report. + +I know she needs to report the identity theft online, but can anyone offer some insight as to what will happen if she reports this to the police? Since we know who is doing it, does it change the process? + +Is there anything she can do to stop him from using her social? I have read the PF Wiki about freezing your credit, but unfortunately she is trying to move to a senior apartment complex and is worried they won't be able to pull her credit to approve her application. + +Edit: will be adding more details in the next couple of hours! (By 9pm central) Last I saw this only had 6 comments...thank you all! + +Edit 2: Before I add some more details for the curious, I wanted to confirm that Mom did contact the police department and they came to her apartment to take a statement. We will be helping her through the process of freezing her credit. Thank you all so much for your advice! + +My mom is 76. She has been divorced for decades and lives solely on her social security payments. She has no debt, other than the loan issues from my brother. + +The son in question, her oldest, is 54 and has a long record of being an awful person. He was employed at a Check N Go type place in 2010 and was arrested and charged with forgery and two counts of fraud for (I believe) taking out loans in customers' names who did not request it. All of those charges were listed as felonies, it seems, and I have no idea how he is not currently in prison, nor ever went for more than a few days. I just pulled his criminal record and it does appear he was found guilty of all charges. Excuse my ignorance on how all of that works. + +I do not believe there are any drug addiction issues, but with him being so estranged from the family it is hard to say. I know he seems to spend money extremely frivolously - constant new cars, a new Harley last year. He also posted a gofundme to FB a few months ago to help pay for 'legal troubles' that seem to be related to an ex-roommate and her young daughter. It is possible he is having more than his usual money problems in relation to that mess. + +I believe another issue with my Mom hesitating to press charges initially, is that my brother is in fairly poor health. I'm sure she fears he would not survive long in prison. Again - she did contact police this evening and they took a statement and got his information. We'll see where things go from here. +I spoke to a nice rep today about my cost basis issue, since they're so totally wrong. + +I didn't even start buying shares until January, but not only that, the amounts paid are out of this world and the shares purchased are largely fractional. + +He said that the prices and dates reflect the price and date I acquired them, which I know is incorrect and I have the receipts to prove it. He said I need to reach to RH to have it corrected. I said, "Oh, so since RH's customer service is complete garbage, is there any way I can have Vanguard fix it if I have my statements?" and he said while giggling at my RH remark that I'd need to contact the IRS. + +This is fraud. + +[Note the .9066 shares purchased on 1\/18 at $631.06\/share!](https://preview.redd.it/wpbd9gqiib071.png?width=657&format=png&auto=webp&s=f4e626fbe0d937d23529cf8d53253b1c4979f2d5) + +&#x200B; + +EDIT: For those asking, I only sold one share as a mistake and immediately bought it back, as you can see in the below image. I'm an accidental paperhands :( The loss is also minimal and wouldn't account for the huge price differences of the share cost or the dates. I didn't even have an account until January, so December would be impossible. Regardless, the dates largely do not line up with either the purchase date or settlement date and it's missing a bunch in late February/early March. Additionally, the majority of my shares were purchased as full shares, not the fractionals that it's showing here. + +&#x200B; + + + +[I tried to buy buy the same $ amount, so that's why it's fractional](https://preview.redd.it/0ekj4wc48g071.png?width=1858&format=png&auto=webp&s=71aa2ec38d07095e29f84d3a6a0dcb3478c68365) +edit - ETNS are dog shit wrapped in cat shit. +If you know you know. DD coming. + + +EDIT - I am putting this at the top because if someone can answer this I can stop looking. Let me explain. I took a short break from diving through these ETNs to find out what exactly an ETN is, who would purchase it and for what reason. Here are the key takeaways. + +* An ETN is an Exchange Traded Note. It is an UNSECURED DEBT OBLIGATION. It trades on an exchange and tracks an index. **There is no requirement for Barclays to HAVE the underlying security to sell these financial instruments**. Read that again. The purchase and sale of ETNs do not affect the notional value of the underlying stock. There is no creation/redemption process like an ETF that would force the bid/ask to change. +* Furthermore, an ETN is like an ETF except it provides a few (very expensive) advantages. Any capital gains from these instruments is treated as Long Term. +* The value of an ETN is subject to the CREDIT of the issuer (Barclays). If Barclays goes bankrupt the investor loses in totality with no recourse. The commission on some of these ETNs I dug into were $300k for the agent. That kind of expensive. +* So, Barclays gets a fine for not keeping a ledger and makes them repurchase the ETNs back from the investor plus interest. But a few things happened along the way. + * Anyone who purchased these instruments deferred their taxes until maturity + * Anyone who purchased these instruments immediately receive a tax benefit + * Anyone who purchased these instruments can resell them at anytime for huge profit or loss + +I don't see how these instruments can hide short or long positions. I don't see the point of the SEC investigation in the first place since Barclays wasnt required to have the underlying stock. These are derivatives. Side bets. Cat shit. They were either bought from Barclays to inject capital into Barclays to keep them in the game, or they are bets by insiders who knew the buy button would be shut off and wanted a way to profit off of it without having the trail of an equity position. + +My point of this edit is BEGGING someone to explain to me why Barclays was fined for not keeping a ledger of securities they had on hand to sell, AND made to repurchase the ETNs back AND fined - if they WERE NOT required to have the underlying securities in the first place to sell the ETN? Is this a nothing burger? + +——————————— +———————————- +I found the answer. It is that ETNs are required to be shelved before they are sold. Barclays needs to keep a ledger of how many ETNs they WILL sell in the future. If they go over the shelf limit it is an over issuance. That’s what the SEC fined them for. The SEC doesn’t regulate these instruments and wants their issuance in our system to a predictable amount. + +Because they are not financial instruments. They are scams. 100% scams. There is no underlying security. They are the security. They are a derivative. A contract between 2 parties with no bet other than the agreement. + +ETN’s are designed to remove every penny of the contract from the investor. Are you surprised? + +So whoever bought these ETNS lost their ass. + +To a fucking bank. Imagine that. + +[this guy explains them better than I could ](https://youtu.be/9RqPEyqjCR8) + +You can stop reading unless you want to go on my journey + +———————————————————- +———————————————— + + + + + + + +So read. enjoy. contemplate. save me. ETNs suck. Cannoli's rock. buy hold drs + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +THE ORIGINAL POST + +I know everyone wants to find out if this Barclays fraud is related to GME so I have gone through [this SEC filing](https://www.sec.gov/litigation/admin/2022/33-11110.pdf) and broke it down so everyone knows where to start digging this weekend. I am not sure if this will help because it is surprisingly lacking any details of what securities were sold and to whom. But in any event it will save you time if you want to dig. + +# Barclays Scandal Broken Down + +TL/DR :: Barclays was supposed to keep a ledger of securities they had on hand and wanted to sell in the future but despite multiple people saying nobody was keeping the ledger up to date Barclays continued to sell securities through ETNs. They apologized, hired people who could count, promised not to do it again, paid the money back and a fine to the SEC + +**Meat and Potatoes** + +(page 2 – part 1) They did not update their shelf registration statement to accurately reflect the securities they owned even though personnel recognized this need and advised to do it. + +***(A shelf registration statement*** *allows an issuer to file a registration statement with the SEC when the issuer has no present intention to sell the securities being registered… when the issuer wants to offer securities, it takes them “off the shelf.” …* ***once an issuer’s shelf registration statement has been declared effective, no SEC review is required in connection with subsequent takedowns.)*** + +So it is self-reported and maintained. Rather, it is supposed to be. + +As a result the Carry-Over calculations were incorrect and they sold securities that they didn’t own. + +* **Beginning on 6/26/19 they sold everything they had registered on the 2018 shelf. ($1.3b)** +* **Between 1/28/21 and 3/9/22 (14months) they sold everything on the 2019 shelf. ($16.37b)** +* **3/28/22 Barclays notified the SEC they did not have sufficient issuance capacity to support further ETN (exchange traded notes – unsecured debt obligations of institutions that trade on an exchange and the payment of an ETN is based on the performance of a reference index or benchmark).** + +Apparently they also notified the public of this problem and the potential impact and announced their intent to offer rescission (*rescind or terminate a contract*) to investors who had purchased these unregistered transactions. + +This “over issuance” messed up their books so Barclays filed amendments to their annual reports (Form 20-F) and said they would fix the problem. + +&#x200B; + +* **8/1/2022 Barclays commenced their rescission offer and ended on 9/12/2022.** + +*Interestingly on* ***May 10, 2017*** *Barclays had already been issued a cease-and-desist order and lost their WKSI status which means they were not allowed to file automatic shelf registration forms anymore. But if they had reported the quantity of equities that they intended to put on the shelf AUTOMATICALLY they would have had to pay an “as-you-go” registration fee for each take-down.* + +&#x200B; + +* **February 22, 2018** Barclays used the heads of their trading desks from their “Structured Products Group” and “Group Treasury” and called themselves “ The Working Group” (really… wtf) and they were manually amending their shelf offerings. For a period of 18 months (Form F-3) they sold $21.3 billion of securities. While this was all going down they were supposed to be subtracting the securities from the shelf but forgot. + +>During the pendency of the Working Group’s efforts, the need to track actual offers and sales of securities against the amount of registered securities on a real-time basis was understood by and discussed among members of the Working Group. Nevertheless, no internal control was established to track offers and sales of securities, nor was any member of the Working Group or other BBPLC personnel performing that task + +&#x200B; + +In 2019 the Working Group needed to manually file the shelf registration but they needed to do some math first. They needed to **subtract** what they sold off the shelf and **project (add)** what was going on the shelf for the next period. They forgot. ^(Math hard). This is the Carry Over calculations that were failed to be performed.>! The SEC even mailed them green and red crayons but Barclays ate them. Nom!<. + +So, Barclays also didn’t pay the registration fees for those securities because they were never included. + +&#x200B; + +(p.7 – part 29) + +>On March 8, 2022, a member of Group Treasury reached out to the member of the legal department who had been part of the Working Group, inquiring as to how many securities 7 remained available to be offered and sold off of the 2019 Shelf because Group Treasury was planning on doing a sale of corporate debt securities. + +&#x200B; + +It was at this point that they realized nobody had been counting all along. They then started the complicated task of finding a college grad to count using basic arithmetic while the working group didn’t give a shit either way because they were indemnified. Insert DoJ mad face here. + +(p.7 – part 32) + +>On March 28, 2022, BPLC publicly disclosed details around the internal control issues and potential financial impact of BBPLC’s over-issuance from the 2019 Shelf. + +*Does anyone remember this?* + +# Alright guys. We are finally at January 28th. + +(p.7 – part 34) + +>These miscalculations also elongated the time period and increased the amount of the over-issuance from the 2019 Shelf from what BBPLC had originally calculated. In the end, the first over-issuance occurred on or around January 28, 2021, and BBPLC offered and sold approximately $16.37 billion of securities in excess of the amount registered with the Commission from the 2019 Shelf. + +# That’s it. That’s all. + +Lets skip forward to literally the next section + +* \*\*April 28, 2022 (\*\*part 35) Barclays *discussed* with the commission auditing itself and ammending its year end 2021 financial statement. +* **May 16** they decided – sure, we can do that. +* \*\*May 23, 2022 (\*\*part 36) Barclays filed the amendments. In the amendment they disclosed they were being sued for 220 million pounds due to their record keeping. Or, lack of record keeping. +* **March 28th, 2022** (part 38) Barclays announced intent to rescind the offers in their “**Prospectus Supplement to the Prospectus dated May 23, 2022”. The Form 3 file number is 333-265158.** +* Part 42 - Barclays has 2 options to fix their mistake. Repurchase the securities or pay cash. +* Part 43 – Barclays says they fixed the problem. +* Page 11 – part 4.D - Barclays pays disgorgement of $149,731,011with interest of $11,463,229.00 and a civil penalty to the SEC in the amount of $200,000,000.00 + +# EDIT + +# I FOUND THE AMMENDMENT + +# [here ](https://www.sec.gov/Archives/edgar/data/312070/000119312522219623/d354912d424b5.htm) + +Alright. I COULDNT edit my post. This is really fucky. The link above is the amendment stated in the SEC filing that is supposed to clarify everything but it DOES NOT LIST THE $16 billion dollar fraud... only the 2017-2019 fraud worth $1.3billion. + +There is nothing here. WHAT IN THE FUCK + +EDIT - FUCK THE ABOVE + +[I found the original](https://www.sec.gov/Archives/edgar/data/312070/000119312522207620/d386666d424b5.htm#supptoc386666_12) + +The securities they sold are in Amendment A + +EDIT - 1:04pm + +There is a lot of data. All the ETNs are separate links. I started going through the Jan 28th ones and forward and realized that Barclays could have been using these instruments as part of the cellar boxing scheme the entire time leading up to the January sneeze. So I am clicking all these goddamn links. Fuck. A lot of SPX and DJI ETNs and one Campbells Soup ETN. + +&#x200B; + +EDIT - 1:30pm + +Most of these are puts ~~shorts~~. The only ones that arent are pathways to emerging markets. + +[Like this one](https://www.sec.gov/Archives/edgar/data/312070/000095010319009014/dp109411_424b2-2419wfps.htm) + +Highlight the iShares MSCI and google it - pull up the underlying equities and its a list of 1600 companies in Russia, China, Korea, etc. The fund is down 27% YTD + +Edit 2:30 pm + +I got tired of clicking all those links. Most of them are DJI, RTY (Russel 2000), NASDAQ and Emerging markets. I scrolled back up and noticed something, + +The last entry before January 28 2021 is July 29 2019. + +So this shit was dead for 16 months and suddenly resurrected on 1/28/2021? + +The vast majority of these ETNs from January forward (so far) are made up of Russel 2000 + +&#x200B; + +https://preview.redd.it/aiu5kb56t1r91.png?width=1097&format=png&auto=webp&s=22f7a0629891653200548259bbbd4280aaee6035 + +&#x200B; + +[Thats crazy](https://preview.redd.it/mrg0fzkfy1r91.png?width=2068&format=png&auto=webp&s=2be4911e473807e0aa1f4d9159c0c74039e08fc4) + +&#x200B; + +Edit 3:14pm + +Look. I think this is connected. Nearly every ETN after 1/28 include thousands of shares of the Russell 2000. I have one pulled up right now and its SPX, RTY and INDU. But it doesnt break down what percentage is which on this one. This one is worth $3,114,790. There are literally thousands of these. + +Here is what we know - + +The value of these ETNs post 1/28/2021 is around $16billion. The SEC even separated the initial fraud of $1.3b from this fraud by that date. They specifically used 1/28/2021. + +Barclays filled these contracts and didnt have the securities on hand. + +So, why sell them? For the commission? maybe. + +I think the answer is obvious. They sold them so that the person who bought them could show "on paper" that they had them. + +Thats the only answer. + +Im retarded. I need a break. A shower. and a cannoli. + +&#x200B; + +If anyone else cares to peak through these [this is the link](https://www.sec.gov/Archives/edgar/data/312070/000119312522207620/d386666d424b5.htm#supptoc386666_12). + +I stopped at 220 +Last week I posted a small anecdote how I created my algo, and a few bits about the returns and challenges. Received several messages from experienced programmers who lack the market knowledge. + +So here’s the catch. Say I have an idea but lack the deep understanding of writing a Python script. Work together with a programmer. Once it’s up and running and profitable: what would block the programmer to go for it alone? + +Had friends who saw such a cooperation go up in flames as the “trading knowledge” wasn’t required anymore. + +Anybody saw successful cooperations in this field? +There are a million reasons to love gamestop as a company and investment, but I haven't seen this one mentioned. Companies pay CEOs handsomely to prepare for the future, but how many were actually paying down their debts ahead of this spike in the cost of borrowing? Whether the decision was Cohen's or Furlong's, it suggests an incredibly astute understanding of the bigger picture and longer term macro factors which may impact GME. + +Considering Credit Suisse was facing the risk of defaulting on its debt not long ago (https://www.theguardian.com/business/2022/oct/03/credit-suisse-ceo-reassures-staff-bank-has-solid-balance-sheet-amid-market-speculation) and likely still is, it shows how much debt can become a burden. Jpow has signalled his intention to raise rates further (https://www.federalreserve.gov/newsevents/pressreleases/monetary20221102a.htm), so those debts are going to cost companies even more free cash to service. I can't think of many who are debt free, but less spent on debt means more to spend where it's needed. + +Sincerely, a zen ape who rarely posts here anymore but is still aboard for the ride. +Edit: title should say *decreased* my timeline... oops. + +My raise and bonus were just posted! In total, I increased my total compensation over my previous company salary about 210% by switching companies and sticking it out for a year. + +I started working full-time in 2019. My first employer took a chance on me out of college, trained me into a competent supply chain consultant, and provided a great environment for learning and growth. They started me at $75k which blew my mind. Shortly after I was hired the pandemic was in full swing. Due to the "unstable economy" — despite business being better than ever (supply chain consulting does well when there are global supply chain issues) — they didn't give me a raise or bonus. I was disappointed but asked what I could do to ensure a raise or bonus next time, and they said I was doing everything right and just keep going. + +They'd been telling me since I was hired that after 2 years they would make me a senior consultant, so I figured I'd wait until the following year to ask again. After another year I asked the company about that promotion I was promised, and they surprised me with "actually we'd prefer you work here for 2.5 years before we promote you." What about a raise/bonus, then? "The big raise/bonus will happen when you get promoted." The next day I got a raise of 2% and a 2% bonus. + +LinkedIn recruiters had been reaching out to me all the while, so I decided to actually respond to them this time and ask about salary. All of them were six figures. I interviewed at a few places and had two offers, both doing the same type of work I was doing previously but with the senior consultant title. Negotiated one of them up to $135k salary + $12k sign-on bonus and accepted. I gave notice to my former employer. They offered me the promotion on the spot. I said no. + +I've been at the new place for about a year now. My salary was just raised to $147k and my bonus was $17.5k. Here's a [chart of my gross monthly income over the years](https://i.imgur.com/rlpYef4.png). I'm ecstatic, and looking back, switching companies was the right choice for me, but it was *so* scary at the moment. Despite the promotion and pay fiasco, I loved my last company and enjoyed working with my coworkers. More than anything, I was comfortable. Unfortunately, I was also resentful at the end, and I can't help thinking that had I gotten a promotion and measly raise, maybe I wouldn't have ever looked around. My job now has its upsides and downsides, but feeling valued and paid my worth has made a huge difference in how I feel about my work. + +The increased compensation moved my FIRE timeline significantly. On my previous salary, I was able to max out my 401(k), IRA, and HSA, and contribute an average of $1,200/mo to my taxable brokerage account (\~$44.5k/yr in total contributions). Note that I also had some side hustle income of about $5,000 (which I have since stopped) as well as pay some of my expenses with credit card bonuses (shoutout to r/churning). + +Now, I'm able to max out these accounts and contribute an average of $4,700/mo on top (\~$86.5k/yr in total contributions). My investments prior to the switch were $145,000, so to calculate years until FIRE (assuming income remains the same, goal is $2mm in real dollars, and real growth is 6.8%)... + +>Previous salary: =nper(0.068,20500+3650+6000+1200\*12,145000,-2000000) = 18.2 years to FIRE +> +>Current salary: =nper(0.068,20500+3650+6000+4700\*12,145000,-2000000) = 12.7 years to FIRE + +My expenses haven't changed much. My spend over the past 12 months has totalled \~$28k and the year prior was $24.5k. Here is a view of a [running 6-month average of my spending](https://i.imgur.com/obqaDSV.png). I live with my boyfriend, who pays $400/mo in rent and I cover our other expenses. I don't own a car and live in a MCOL city. My taxable account has [recently surpassed my 401(k)](https://i.imgur.com/2rNO9Mm.png) and [my NW is at ATH](https://i.imgur.com/NbqgqK8.png) (mostly due to contributions, represented by the white line). + +&#x200B; + +I've worked hard to be where I am and am proud of my progress, but I recognize that this post comes with a heavy dose of privilege. I come from a stable middle-class home that valued education. I received significant merit scholarships and parental support and worked 3 part-time jobs to graduate college debt-free (+$10k NW at the time of graduation). I graduated before the pandemic occurred and stayed employed throughout. I fell into an in-demand supply chain niche that I excelled at and that pays well. I found FIRE early and invest heavily. + +I'm not saying that everyone can do what I did, but I'm sure there are others in a position where they're comfortable at their job and haven't looked around. I didn't know I was being undervalued until I pursued other opportunities and it paid off. Everyone's journey looks different and I wish you all the best on yours. + +# 30-day challenges + +We are pleased to announce that we're continuing our 30-day challenge series. The schedule spans the entire year so be sure to keep an eye out each month. + +This month's 30-day challenge is to **get on top of your credit.** Here are some concrete steps you can take: + +# Check your free credit report + +There are three major credit bureaus in the US: Equifax, Experian, and TransUnion. These companies each gather credit histories for individuals and sell that information to credit card companies, lenders, and other financial institutions. + +You can go to https://www.annualcreditreport.com to get a credit report from each credit bureau once per year. It's often recommended to stagger your requests so you can get one every four months so you may only want to request one report at this time. You can use a calendar reminder to stay on top of this. + +Now, your free credit report won't include your score and it also won't include credit monitoring, but you absolutely don't need to buy those from a credit bureau because there are free options. See below. + +Note that the security questions will sometimes ask about intentionally false information (e.g. made-up loans), so "none of the above" may be the right answer. If you can't get past the security questions, you may have to write in to get your report. Also be aware that you don't have to pay for anything on the credit bureau sites. If you find yourself prompted for a credit card number, you might have clicked to sign up for something you might not need or want. + +Also, if you have trouble with the web site, try temporarily disabling browser ad-blockers and privacy extensions. + +See the [Credit Reports Wiki](http://www.reddit.com/r/personalfinance/wiki/credit_reports) for more information! + +# Sign up for free credit monitoring + +You don't need to pay for credit monitoring. Some options: + +* A variety of companies such as [Credit Karma](https://www.creditkarma.com/) and [Mint](https://www.mint.com/) offer free credit monitoring services. [There's a longer list of options in our Wiki.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +* Many employers also offer free credit monitoring for their employees directly with a credit bureau. Check with your benefits department. + +* Finally, if you've been the victim of a data breach like Target or Anthem, those companies are providing free credit monitoring for anyone potentially affected. + +After exploring your options, sign up with at least one of them. More information contained in the [Credit Scoring Wiki](http://www.reddit.com/r/personalfinance/wiki/fico). + +# Find out your credit score + +Some credit cards actually give you a free FICO score as a benefit of having their card. Brands providing FICO scores include Discover, Citi (branded cards only), American Express, Bank of America, and Barclaycard. [Here's a full list of options.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +If you don't already have one of those cards, you can get your VantageScore from [Credit Karma](https://www.creditkarma.com/) or [Mint](https://www.mint.com/). VantageScore is used less often by creditors than FICO, but it's a *usually* a good estimate of your FICO score. Paying for your credit score is silly unless you're considering getting a major loan like a mortgage. + +# Get rid of pre-approved credit card junk mail + +[OptOutPrescreen.Com](https://www.optoutprescreen.com/) is the official consumer credit card reporting website to opt-out of offers of credit or insurance. It's an easy win to reduce junk mail and reduce the risk of identity theft (from someone stealing your mail). I recommend signing up unless you're in the process of building credit and actually want to receive pre-approved offers. + +# Are you looking to improve your credit? + +Once you have a score over 740, most credit files are solid enough to qualify for prime rate lending. This means that any additional increase of your score will likely not get you better credit products. + +If you are in a position where you'd like to improve your credit, here are two situations that often befall people when asking for help here: + +* ["I have no credit, and I am looking to get started."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_no_credit.2C_and_i_am_looking_to_get_started.) +* ["I have bad credit, and I am looking to repair it."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_bad_credit.2C_and_i_am_looking_to_repair_it.) + +# What to do if you find information you don't recognize + +Even though credit reporting is automated, mistakes can still occur. The most common errors can involve names and addresses. If your name is similar to a parent's name, there are also instances where a line of credit is reported on the wrong file. + +The simplest course of action is to dispute the information with the bureaus. Here are direct links to initiate a dispute: + +* [Equifax](https://experian.referral.equifax.com/CreditInvestigation/home.action) +* [Experian](http://www.experian.com/disputes/main.html) +* [TransUnion](https://onlinedispute.transunion.com/disputewizard/) + +Finally, if you believe you've had your identity stolen, read and follow the steps in our **[Identity Theft Wiki](https://www.reddit.com/r/personalfinance/wiki/identity_theft)**. + +# Challenge success criteria + +You've successfully completed this challenge once you've done 3 or more of the following things: + +* Requested a free credit report via annualcreditreport.com +* Set a reminder to request a different credit report in 4 months +* Found out your credit score (either FICO or VantageScore) +* Signed up for free credit monitoring +* Opted out of pre-screened offers +* Initiated a credit dispute with one or more credit bureaus + +So I don't have a bad wage, 27k annually. + +My rent is £700 a month for a 300 sq/f one bed apartment, all my bills are around 350 to 400 quid a month. My gym is 49 and some streaming survives come on around 25 quid monthly. + +I can only put around £100 in my savings and I have some foreign debts regarding my tuition (didn't grew up in the UK and studied elsewhere) that costs around £150 monthly too till the end of this year when this is paid off. + +When all this is paid I have around 200 (250) in a good month for food and leisure. + +I don't drive nor have a car so thank god! + +I have had to learn the hard way to budget food and be a lot more stingy than that, as I have never wanted to deny myself nice and decent food. I don't go out for dinner or anything, but I like to cook a lot myself and make great food. + +200 quid monthly for food and leisure is far from much. I just feel stuck, I can not do anything at all. Been in the UK for 2 years and never even been to London yet as I literally cannot afford a train ticket. + +My boyfriend has his own apartment which is too small for me to move in, considering both of us WFH in tech jobs that require pretty big setups so no option there. + +I just feel so suffocated that I literally can't do anything at all. I'm in my early thirties and I really really am starting to think about a family but I can barely afford myself, let alone another human being. + +EDIT: I'll try to clarify this as a lot of people throw this in my direction. + +Moving in with my partner is not possible right now with the size of his apartment. He owns his place thanks to a government scheme and is still beholden to that property for several years before he can rent it out or move away from it. + +That makes it so that he cannot move out so I would have to move in with him. We are both open for that idea but his apartment is not that much bigger than mine and considering how big both our WFH setups are, it's not possible. Plus it's a small apartment for two people to permanently live in aniway + +Second to that, he will not rent, period. The only options I have is either move in with him (though not possible as mentioned before) or we both put down a deposit for a bigger house that we both buy and contribute to. + +It's not really giving me a lot of room to work with. + +And thirdly I really do not want to depend on someone else financially. I know it sounds silly but it's the one pride I have trying to make it on my own after having grown up poor. + +Regarding to starting a family, I also don't mean starting tomorrow. I have no rush and this and considering we're planning on adoption there is still some time for us to think things through +Good morning, + +I am currently in my first year studying at ramjas college,DU (Delhi University) in physics. However, now my interest has peaked in investing not due to mainstream trends but my wish to learn more about market/investing so that I can one day invest with some prior knowledge and try to attain true freedom aka economic freedom (not from a rich household). + +I would love to know if people on the subreddit know any online free/paid course that is certified and for newbies like me revolving around the Indian market and investing. I don't mind reading books on it but I would hope to get a short course of between 1-3 months at max as my vacations approach +Alibaba looks like a great opportunity to look into right now. It presents growth at a value price which is ideal in my opinion. I came up with a DCF valuation of $328 at 15% future growth rate. Check out the complete analysis here. Let me know your thoughts on BABA + +[https://www.youtube.com/watch?v=0-tyC5dLdd0&t=757s&ab\_channel=InvestingUntangled](https://www.youtube.com/watch?v=0-tyC5dLdd0&t=757s&ab_channel=InvestingUntangled) +Currently trying for a bachelors in Accounting but I don’t know if that’s the best path. I think Computer Science or finance would be strong candidates, but CS doesn’t really interest me and finance seems like a bad pick. If what interests me is value investing, what degree paths are best? + +edit: Thanks everybody for all the great replies. After some thought, I think I have settled on an accounting major. I’m currently enrolled in a smaller college where accounting is really it, and my strategy is gonna be working at that until maybe I can get a scholarship and go to uni. There I can choose to either continue accounting or switch to a finance major. Getting there is a goal and if I want it, I have to earn it. +Hi all, + +I'm struggling to find much value in the market at the moment - actually I'll rephrase that, I'm finding it harder / it's taking longer to find value in the market at the moment - and so I've got a larger part of my portfolio in cash at the moment than I'd usually have, (around half). + +Not so much of an issue as I'm sure in the coming months as inflation grows and the market readjusts etc there will be plenty of opportunities. + +So, the question is what do you guys do with the cash? Leave it as cash and be aware that it's not really working for you / put it into a Vanguard all market fund to tickle along / bonds / DCA into some of your existing portfolio / something else??? + +What % are you comfortable with of cash in the portfolio? + +Thanks in advance. +I am a staff accountant for a large construction company. We are not publicly trade but we do around a billion dollars in sales every year. I want to provide some useful analytics that can be beneficial to me or upper management, but I have no experience in analytics for a company like this besides textbook examples in college. What KPIs or financial models can be most useful for a construction company? We do not have a financial analyst on staff, so there is nobody here that can help point me in the right direction. I am a finance major that got stuck doing accounting, but I eventually want to work my way into an analyst role, so at minimum, this can be good practice for me 🙂 + +I am not sure this is the correct place to post this, but I see more analysis posts on here than anywhere else. If there is a most suitable place, just let me know!! Thanks everyone. +Mr Cooper (COOP), is a strong company in the Mortgage Lending space and looks undervalued currently. With a Price to Book value of 0.93, it's Book Value is more than the Market Value. Net Income has also been strong recently but as I said, Price does not seem to reflect it. + +We decided to do a DCF to confirm. But calculating Cash Flow is not straighforward due to the nature of lending/financial businesses. It's hard to define what Debt value to use for calculating the Cash Flow. + +As such, need to think how to use DCF for valuing such companies. + +Looking for people interested in valuing Financial companies to brainstorm/ideate. +I was supposed to buy 2 washers and 1 dryer. But the lady over the phone got my order wrong. When the items were delivered to me, there were only 1 washer and 2 dryers. I told the delivery men to take the extra dryer back. My mom signed the receipt saying she had received all the items (BIG mistake). + +It was 1 month after the delivery men took the dryer back, I never got the refund. So I called Chase and made a credit dispute. They put a temporary credit on the account. + +Fast forward to yesteryday 3 months after the item was taken back, I got a letter saying Sears denied the refund. I was asked to provide further evidence. But now, I feel I don't have any strong evidence. I have a email confirmation (not really, I called, and it was just an email saying they were working on it). I also have my order receipt. I also have the delivery men's number. + +My guess is either the delivery men stole it, or Sears is playing dirty. + +EDIT: To those who said I did not called Sears before making the dispute. I called them at least 20 times about the refund before making the dispute. Every time, I called they said the money would be credited back to my account within 3-5 bussiness days. Eventually, I had to pay a late fee for not paying that money on time. + +EDIT2: People are saying there is nothing I can do if the delivery man stole it or they wrote it off in the inventory. The day after I returned that dryer, I called the delivery men to make sure he returned it, he said he did. I don't know if he was lying. + +EDIT3: The reason why I called instead of going online was that the site wouldn't let my credit card go through. I later called and the service lady told me it was because my bank blocked the payment. Anyway, I should have switch to buying it online after I called my bank to unblock the payment. + +EDIT4: Sears Corporate Escalation Team called me and said the money will be back my bank account in 10 bussiness days. + +how did u work up to tht point? was it through compounding or a deposit? how do u deal with big losses? what percentage do u aim/average per month/year? +Anyone here still holding a significant allocation to bonds? With negative real yields I've virtually eliminated bonds in my asset allocation. I've been dialing up alternatives like venture capital, micro PE, real estate, and just starting investing in collectibles (sports cards). Also just holding cash for near term liquidity needs and as a portfolio shock absorber. + +Are you re-allocating some of your bond dollars? If so, where to? +Basically, once you considered yourself secure and well off, did you start doing something different? + +Started spending on something? Started doing a new activity? A new interest? +Would love to hear people’s property experiences today. Here in Melbourne I wasn’t heading out to any auctions, but one Kensington property priced 1-1.1 hit 1.2 so there’s that... +https://www.domain.com.au/41-brickworks-lane-northcote-vic-3070-2016316842 + +How were things in your area? +China and the US will rollback their tariffs in phases until a final deal is met. + +https://www.bloomberg.com/news/articles/2019-11-07/china-says-it-agreed-with-u-s-to-roll-back-tariffs-in-phases + +Futures are already up big! +I had a cash account at Schwab. 100% GME. I asked them if they had a PFOF arrangement with Citadel and they admitted that they did. So I initiated a transfer of all assets in Schwab to my Vanguard account. When it arrived today, it listed my transferred shares as “margin”. I called Vanguard and they said that’s what Schwab said but they would list them as “cash account” starting tomorrow. I have never used margin in my life. I will never use Schwab again. + +Edit: thank you for the award. +Edit 2: Thank you for all the awards. I hope my post prevents fuckery. HODL BUY and VOTE! +Edit 3: many apes have replied that their transfers also showed up as “margin” for the first day or so and that changes to “cash account”. I can’t think of any justification but I appreciate the feedback and continue to hold Schwab sus for PFOF. Thank you apes! +Edit 4: thank you anonymous donor for the Take My Power award! +Edit 5: “margin” did disappear. But Schwab still sells order flow to Citadel ( PFOF = dirty player) +I have made (i think) 4 setups now and only one of them backtested consistently profitable. It was so simple and general that I felt naive to try it. I have made a handful since and they have all fallen short. + +I don’t expect everything to be working immediately but what I do want is to be able to start working on a more stable tool that I can use long term rather than create something new every time I get that itch. + +Are there any good books or resources anyone can recommend about learning more for software/application/system architecture for this? + +Ideally I’d like to incorporate the following: + +- Market Data Reader +- TA-lib +- Repository of Entry and Exit strategies +- Pipeline to pass strategies through +- “Broker” to buy and sell +- Journal of results + +TLDR: I’m looking to build a long term application I can gradually extend and adjust rather than a tightly coupled script that either passes/fails. Does anyone have any good resources that discusses this? +My professor said that a few advanced techniques he uses in algo Trading are Kalman Filters, Fourier Transformation, pairs trading (using cointegration), state space models, hidden Markov model, particle filtering and VAR (vector auto regression). + +Does anyone have experience with any of these? +$HACHIKO has experienced a huge momentum in the first 24hrs. So far they've reached more 3500 HOLDERs and 1000 Members on their telegram group, rapidly increasing. In addition to that, they're only hat a 2m market cap, there's a LOT of space to grow. Just check similar shit coins and where they have come from here(talking about 100m+ mCap) wouldn't you love gains like that? Well, then its your chance! Go ahead and DYOR on the $HACHIKO community and if you see the potential you are more than welcome to join ;) + +Here a few facts: + +100% Community owned:ownership has been renounced right at deployment + +100% fair launch, no pre sale whatsoever - started with a tiny LP! + +NO dev fund whatsoever! + +It's DeFI! + +4% fee added to LP! + +2% redistribution! + +50% burned at beginng! + +There are literally NO whales since its a fair launch! Also whales can't dump, they can only sell small amounts! + +No fckn around, no nothing. It's 100% community owned and the telegram has been very wholesome the entire day. Everyone sees the potential and is in for an insane write :) + +💰 Initial Supply: 1,000,000,000,000,000 $HACHIKO + +🔥 Already burned: 52% of above! + +🦄 Holders: 3500 (in less than 24hrs!) + +1000 TG Members! (in less than 24hrs!) + +🌐web: www.hachiko.cc + +💩 chart: https://poocoin.app/tokens/0x87ffc48c9f89fc5dfa05836e083406d684fd6331 + +⛓ contract: https://bscscan.com/token/0x87Ffc48C9f89fc5dfA05836e083406D684FD6331 + +THIS is the next dog token.. but DYOR ;) + +love youu!! +Finra, Fintel, and Wall Street Journal are reporting different percentages. + + +[Finra - GME](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) \-- **Short Interest**: 78.46 +[Finra - AMC](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P00011H0G) \-- **Short Interest**: 15.70 (some people have reported that it's not updating for them and they still see 38.12) + + +[Fintel - GME](https://fintel.io/ss/us/gme) **-- Short interest % of Float:** 44.02 +[Fintel - AMC](https://fintel.io/ss/us/amc) **-- Short interest % of Float:** 68.48 + +[WSJ - GME](https://www.wsj.com/market-data/quotes/GME) \-- **Short interest** **% of Float:** 41.95 +[WSJ - AMC](https://www.wsj.com/market-data/quotes/AMC) \-- **Short interest** **% of Float:** 66.06 + + + + + + +**Edit 1:** As a post mentioned earlier today, Citadel has lied before about their short interest data. There is a small fine of, like, $149,000 for doing so. Paying the fine could save them billions of dollars, so it's possibly that all of the data is completely inaccurate. + +**Edit 2:** Stop commenting that it's old data. We were waiting for data for the 29th. The reports are behind. This is the data that came out today, I assure you. + +**Edit 3:** I usually use Fintel, not Finra, but I don’t think some of the people commenting are right in assuming the Short Interest on Finra is the % of the float. Short interest ≠ Short Interest % of Float. They are different. Some other posts that recently updated are just throwing a % sign on there and saying it's % of float + +**Edit 4:** Hedge funds, if you're reading this right now, go fuck yourself. + +**Edit 5:** I’ve got about 750 shares of GME and a little over 8,000 AMC. I’m holding both. The discrepancies in the data across all these sites is all you need to know. To the moon 🚀🌒 +I have a parcel that I want to buy with cash, quick close. I have already had the title company do a search and provide me with some reports. The property is not listed, and I plan to make an offer to close in about 5 days. I do not wish for the owner to know who is buying. What are the best tactics to use? + +Edit: property is in CO +We are going to be renting out our first property soon. + +My husband and I built out half our garage with Sheetrock, exterior door entrance into room, ac/heat (ductless). It’s a man cave that has a ton of value for us, with tv lounge area. You think potential renters would see it as a bonus? I don’t plan on asking more than $50 extra a month than with out it if at all bc my cash flow will be really good. It is not permitted (not sure if it was even necessary, TX) and not 100% finished/completed. Ceiling not painted, concrete floors. It’s also partially a storage closet that we used as an indoor garden. + +My agent said something about tearing it out if we sold but the plan is for rental. If it were up to me I’d want to feature it on the listing. Will renters see value in the space? +This post is just for people's unbiased opinion for the week of April 6-9 this is not financial advise and if you don't like it please don't post here. + +If this is not allowed by admins please take it down +Ever since I was in elementary school, I hated Sunday nights and Mondays. I felt as though I had to go back to school or work for years instead of just a 5 day week. + +But ever since I started trading several months ago, Sunday night had become a celebration and waking on Monday feels amazing. I now wake automatically at 8am. I go to the gym, let out all my emotions then come back home look at my playback and get ready for the day. + +I've been feeling hopeless for the past 3 years as I go through college and work part time. I felt like grinding a 9-5 for the rest of my life is something I'm not really digging. + +But now, seeing how much potential there is in options trading, I feel as though i can conquer the world. +For us in the Northern Hemisphere, summer is coming (or here) and shit's 🔥, yo. Seriously, like things are or will soon be on fire in my neck of the woods 🤷‍♀️ + +Anyway living without any or proper AC sucks. I happened upon something really helpful yesterday and thought I'd share. + +* Box fan: $20 at Home Depot/Walmart/etc. +* [Large, longlasting ice pack](https://www.amazon.com/dp/B001QFZL1Q/ref=cm_sw_r_cp_apa_i_jfOaDb3Z3EFEQ): $15 (use an HSA [in US] if you have one) +* Optional: Cold washcloth around your neck + +I put the ice pack (in its cloth cover down my back. With the box fan on and the washcloth things were downright bearable. It was roughly 85 degrees F in my house. + +Stay cool out there, friends. + + +I’ve never posted on Reddit before and this is deeply personal, but I am overwhelmed and any advice would be greatly appreciated. + +My parents are a financial mess. I’ve been on my own and fully independent off of them since I was 18 ( thanks dad) . It’s not been easy, and I have some debt but I’m 25 and much better financially then either of them. However I am growing more and more concerned. My mother works at a nursing home as a dining manager and my father worked in a factory. My entire life my dad controlled the finances. However, my father herniated his disk, had surgery, was declared unable to work and was told and given the paperwork to file for disability. ( estimated 3 years ago) My father is not an easy man to deal with, (very dictating) and he also has aspergers. I recently got it out of my mother that he never filed for disability, has not filed their taxes in years, and let their insurance run out. They’ve been living off my moms paychecks!! My mother is a saint, she is his sole provider in every form. He can’t drive, she retrieves everything he needs/asks for, she makes all his meals and does all his laundry. She works 40 hours a week on top of all this. She has never handled their finances before because my father will not allow it. ( she is awful with money ) While I am so angry with my father for allowing this to happen and at his behavior, I know working was his life and he lost part of his identity when he lost his ability to work. If I do not step in, I know nothing will change and they will continue down this road. I really don’t know WHERE to even start with this mess. ( they live in RI if this helps) +Hello! I'm overwhelmed with the number of apps and options for something this simple. + +I've got no interest in interesting in individual stocks. I just want to put my savings into the S&P 500. I can't find an easy comparison of how much apps will charge me to invest this (and more each year). + +And how much it'll cost to get the money out at the other end. + +Any and all advice would be massively appreciated. Thank you! +I live in Brazil and for my whole life experienced politicians not only stealing my tax money but directly interfering in my life destroying everything I earned thru lousy moves that only devalued our currency against US dollar, let alone inflation. Although I keep 30% of my net worth abroad which includes 15% on BTC I still dream about the day I could have all my money on BTC and just laugh my axx off every time I see on the news these politicians destroying my country’s economy. But unfortunately I’m not in position to do so since I can’t risk my family future putting all on BTC. Note that I don’t dream about becoming filthy rich when buying BTC but only about the freedom it could bring me. For now it’s just a dream that I share with you all… +Having a hundred BB posts a day is pulling out momentum AMC and GME have from this community. It's the same problem we had with GME a couple months ago - the big difference being BB is still not showing comparable gains, and it's not even shorted. So where is *this* amount of support coming from? + +Don't get me wrong - I have shares in BB and would love it to moon, but the amount of AMC/GME FUD going on from new accounts where 100% of their post history is pushing BB or fucking SILVER is blowing my mind. That shit's not organic and we see through your bullshit. Again, I say this as someone who's been holding BB since January. + +Just make a Daily Megathread for each of these four stocks and call it a day. + +&#x200B; + +&#x200B; + +EDIT: + +/u/OPINION_IS_UNPOPULAR/ - check the comments of literally this very thread. Tons and tons of random-ass comments just being like "SLVR 🚀🍝🍕👌💕🚀🚀" (insert your own bs pump n dump ticket). Their comment history isn't organic, they're not even remotely on topic, accounts are new as fuck, and they never post in other subreddits. I get that admins/mods are limited in what they can practically do - what I'm saying is that the current automated daily thread solution just doesn't work. Bots and employed accounts can literally just spam distraction tickets all day to hijack the daily threads. + + +EDIT 2: +SLV wasn't being specific - pay attention to the part where I said "insert your own bs pump n dump ticket". It was meant to be a point re: what short sellers were obviously trying to do in the winter. +Hi, + +I'm a new investor, still studying but I want a good start with my portfolio for the rest of my life. I was looking for good renewable energy stocks since I think that investors in the future will be more and more incline to turn into ESG companies in general. + + I looked a little bit into the fundamentals and business model of XBC and this looks to me like a strong growth company that could become a leader in Renewable Natural Gas. They plan a lot of new acquisitions worldwide (the more recent being HyGear) that could place them in a great position for on-site RNG delivery and production and own several intellectual properties for their technologies. However, it seems that there is not a lot of people talking about that. + +Since i'm not an expert, I was looking for your opinion about that company to see if I missed something in my analysis of this company or if it really is a good growth stock in the near future. + +TLDR: Is there any bears on XBC that could fill me in with their opinion ? +Just wanted to share what I think we are going to see with the NFT marketplace and likely the metaverse that will be coming along with it. + +First I want to start with an explanation of why Nike bought RTFKT. Nike has a major problem with their limited release as well as their most popular shoes being counterfeited by Chinese manufacturers. Just look at repsneakers subreddit which has 500k followers and you'll understand the gravity of how much money Nike is losing over this. Many people buy these high quality replicas and resell them to honest buyers as if they were real, essentially ripping them (and Nike) off. + +What would NFTs do to help solve this? Well the blockchain does an amazing job of providing verifiable transaction history. If Nike has a public wallet address, it can use that address to mint one NFT for each pair of shoes they sell, which also ties to a digital version of that shoe that can be used for your metaverse character. You buy a pair of shoes, you get the unique NFT that comes with it that was verifiably minted by Nike's public wallet address. Get where I'm going with this? Now when you go to resell the shoe (let's pretend it's one of their ultra limited releases that fetch a very high price) the buyer requires that you also transfer them the NFT with the actual pair of shoes to prove authenticity. Now the buyer no longer needs to go find a bunch of YouTube videos on how to spot fakes, because all they have to do is have the NFT transfered to them along with the shoes and they know it's real because they can see that Nike minted the NFT and the NFT's unique identifier is printed on the shoes tag. Boom no more selling counterfeits as real, and now anyone wearing a counterfeit pair IRL can get called out if they don't also own the pair in the metaverse and everyone will know they're fakes if they don't have the NFT. + +Rolex has the same problem and will likely do the same thing eventually. Probably every other luxury brand will jump on board as well. + +Now every item you buy from Gamestop or from any of its partners that want to join the NFT marketplace come with an NFT to go along with your real item so you can flex your IRL purchases in the Metaverse. Suddenly every large retailer is jumping on board because owning your items both digitally and IRL means you can digitally represent your possessions and your home and everything in it and then have your friends come over in the Metaverse to hang out with you. + +This is just the first step to digitizing everything. Soon you'll be able to buy your stocks on the blockchain where they can't be used to create synthetic shares or be manipulated like how our stock market currently works. Blockchain history will solve the issue with counterfeit share creation and allow the market to function properly again. + +Digital games can now be resold and are actually owned by the user. Smart contracts mean a royalty can be paid to the developer anytime the pre-owned digital copy is resold. People can buy and trade famous gamers games or in game items and they can be verified as owned and used by a pro, increasing value and collectibility. + +The possibilities are endless but I'm fairly certain we will see most of the above come to fruition. What do you think it will be used for? Would love to hear everyone's thoughts. + +EDIT: I am getting asked this question a lot and I want to help everyone understand why this makes counterfeiting IMPOSSIBLE. No, not more difficult, I mean literally it will be impossible to counterfeit these goods and resell them as legitimate pairs. Here is why: + +Yes, China could create a shoe with a hash they copied from the block chain. But here's the thing, they can't mint a counterfeit NFT to match it from Nikes wallet address. So unless you have both the shoe with the NFTs unique hash on the tag and the matching NFT and sell them together as a single unit, then it doesn't matter what they print on the shoe because no one will buy it as if it is a real pair unless they get both the matching NFT minted from Nikes wallet and the pair of shoes that has that exact NFTs hash printed on the tag. And I should clarify: Every INDIVIDUAL pair will come with a completely unique NFT that matches that INDIVIDUAL pair. It's not like they make 5000 pairs and they all get the same NFT with the same hash, that would defeat the purpose. They make 5000 pairs and 5000 NFTs with unique hashes, each of which coincide with 1 pair of the 5000 shoes they produced. 5000 unique NFTs matching 5000 individual pairs. The verification process then goes like this: You want to buy a limited release pair, so you meet up with the person and in order for you to make the purchase you ask them to show you the NFT and the tag on the shoe that matches the hash from that specific NFT. You check the blockchain to make sure the NFT they have was minted by Nike. If they match, you agree to buy and the seller transfers you the NFT (and you can actually buy the NFT from them to purchase the shoes themselves at this point) and they give you the pair of shoes with the matching NFT hash. There is no way for anyone to counterfeit this. + +EDIT 2: I should clarify the above. As long as counterfeiters can produce and successfully deliver fake or replica products, there will be a market that buys them for personal use only without care for their legitimacy or "getting called out". However, the ability to resale counterfeit items as if they are legitimate, or claim that they are legitimate to anyone, will become nearly impossible and especially for criminals who wish to profit by ripping off unsuspecting customers. + +Sources for further proof and tit jacquing: +Ryan Kagy RTFKT connections: https://www.reddit.com/r/Superstonk/comments/rt3gni/whats_happening_with_chapter_2/?utm_medium=android_app&utm_source=share + +Loopring RTFKT connection: +https://twitter.com/macro_diary/status/1477024279220862977?t=bzX_3d9Zxx5cdGCB5FUszQ&s=19 + +RTFKT connection: +https://twitter.com/RTFKTstudios/status/1477056785601204224?t=5QPcvYtzAH5myZSkN4kxzQ&s=19 +Feels like the only way they win financially is if the gold prices fall? By a large margin cause they 2.5% extra too. + +Are they really shorting gold like that? + +What other benefits are there for them? +My father's PPF would be maturing in a few years time. I want to know if anyone here has redeemed their PPF. How was the experience? How much time it took to get the final amount in your savings account? +For some of you kids from the Class of 2019 who didn't graduate during the tail end of an economic crisis and found a job almost immediately, here's some advice: Do your damned best to kick ass and keep your job. Recession from this virus bullshit is going to come, and those who survive recessions best are those who have managed to keep their jobs. + +It's easy to be distracted by the markets and dream about being able to earn enough money from options trading to retire at age 23, but that isn't happening for 99% of us. There's a lot of survivorship bias here - only those with outrageous gains and losses are really posting here for the lolz. + +I graduated in 2013 and it took me a month to find a job. It paid $35,000 to start. I almost got fired once from another shitty job because I was lazy and unfocused and the job sucked. I make $81,000 now. My sister graduated in 2015 and it took her six months to get her first job. Now she's in advisory at PwC after working really hard and proving her worth at her first job, which only paid $40,000. + +It's easy to goof off at work and be constantly on Reddit and your favorite brokerage website dicking around and not being productive, but you should first and foremost be kicking ass at your job first. That said, no matter how hard you work, you might still end being laid off due to circumstances outside of your control and the company you work for. **But don't be the fat that gets cut off because you were found to be dicking around trading options on company time or unable to keep up with your deliverables.** + +Kick ass at what you do. Coding, financial modeling, consulting, accounting, engineering, science, etc. Keep buying puts. Keep your heads up. It's going to be a wild ride. +I've got a friend who recently fatFIRE'd, and money's no object for them. Curious what some of the best gifts you've gotten were, that are worth far more than the price tag? +I would like some tips on how I should approach this situation. It'll be nice to get some insights from people working in the legal or HR field. If there are other CEOs, I'd like your feedback on this too. + +Should I bring this up with my CEO and tell her how I felt about this situation? + +....... + +When I first started working as an independent contractor at my current startup, my salary was way below the market value based on my years of experience and the multiple roles I'd be responsible for. I took the position anyway because of career growth, opportunities, and the culture the CEO is trying to build - being transparent and open, honest and humble with each other. The CEO and I built good working relationship and being transparent with everything. Sometimes, I can be honest and tel her that her actions or decisions aren't the best. + +As part of my contract renewal discussion, I asked for a fair and competitive compensation because I got promoted and my responsibilities increased in addition to my other roles. Parts of the package include a $15k raise in base salary, paid vacation days, and stock options to closely align with the market value. The CEO agreed to meet most of those requirements and suggested to substitute parts of the base salary with stock options. + +CFO was preparing my extended contract and suggested to exclude the paid vacations section on the contract and state it in an email instead. She mentioned that since independent contractors do not get "paid vacation", it is advisable to exclude them on the contract for tax purposes. I told her I'd like everything in writing. She hesitated and insinuated that I don't trust the CEO will honour the vacation days and mentioned how I was being too detailed and technical. I mentioned that I do trust the CEO, but I would still like everything in writing. Afterwards, I asked her a lot about the stock options and what the company's valuation. She mentioned there isn't one at the moment because we're in the process of raising more equity. + +Few days later after the offer letter was prepared by the CFO, I asked the CEO about the stock options to get more clarification. I wanted to gauge how much each option is worth, to see if I'd need to renegotiate the compensation package, since parts of the asked salary will be substituted with unknown amount of stock options. She explained and based on the projection, each option is potentially worth X amount of dollars. She called the CFO into the office just so we're all on the same page. + +CFO sat down and mentioned to me that I'm being too technical with everything, and commented that what the CEO agreed to offer me - $15k increase and X amount of paid vacation days - is extremely rare and unheard of, especially in a startup company. She insinuated in front of the CEO that I don't believe in the company and her, and that I was unappreciative and should be more grateful with the offer. She mentioned that if she's in my position, I should just accept it and thank the CEO. She continued to mention that if my values don't align with the company, then I should look elsewhere. (Her last comment crossed the line and pissed me off because she doesn't work with me and know what my responsibilities are like on a daily basis. $15k raise may seem like a lot within the same company, but I only asked for a market value salary) + +Afterwards, the CEO began to question my "loyalty" and asked if I believe in the company and her. She mentioned that even though I tell her that I do, it contradicts with what I asked from the CFO - putting the vacation days on the contract. + +The CEO mentioned that me being one of the first key members on the team, she's shocked that I'm not trusting her and there's an absence of transparency between us. + +td;dr - I asked for a competitive compensation package and CEO offered. I wanted to get some clarification about the offer and have everything in writing. CFO wanted to exclude vacation days on the contract for tax purposes, since I am technically an independent contractor and contractors don't get "paid vacation days". CFO later mentioned in front of the CEO that I'm being too technical with the offer letter and unappreciative. + ...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 +I believe that within this Sub, that there are more senior in age, and investing then I, and I feel that there are so many gems of knowledge that you guys will have learnt over your time investing. + +I don’t intend for this to break R2 - as it’s not a beginner question as such - just what is something you would tell your younger self if you could - regarding investing. +Just been on another thread, where people were discussing BANK INTEREST being 10% in the 90s, and this being the only investment that people needed to make (rather than stocks/ real estate). + +Was this really the case ? People would just have savings accounts and no investments? + +If so, didn’t this make it impossible to buy a house? Think 15% mortgage interest rates etc? +**Disclaimer: I have a modest holding in this company** + +I would like to share some of my DD on KEFI Gold & Copper (formerly KEFI Minerals), who are an AIM-listed junior minor, currently working on the Arabian Nubian Shield with prospects in Ethiopia and Saudi Arabia. Their current market cap is £43m, made up of \~2.1bn shares at just under 1.96p. As the name would suggest, they are interested primarily in mining gold and copper, and have three main projects at varying stages of development, which I'll talk about below. I bought into KEFI back in June (0.99p) when their main Ethiopian project, Tulu Kapi, caught my eye and made me think that the company was massively undervalued but super-risky. Since then, the risk has decreased and I've gradually averaged up to just under 1.65p, quadrupling my original holding. + +&#x200B; + +**Tulu Kapi** + +The project that first caught my eye is a mine that KEFI are developing in Ethiopia. They have been trying to build a mine in Ethiopia for around a decade, with the current board of management taking over \~2014/15 and have sat through a couple of states of emergency, a change of government, COVID-19 and most, recently, civil unrest in Tigray. So interesting times. But the Tulu Kapi deposit is 1.1MOz of gold and KEFI are in the final stages of finalising a funding arrangement to start building the mine. The mine is a public-private partnership with Ethiopian Government, who are heavily invested in getting this mine up-and-running. The total cost of building the mine is going to be \~$221m, and production should be 140 kOz p.a. to start, rising to 190 kOz within 3 years. + +When I first looked at KEFI, the funding arrangements were such that KEFI were due to own 45% of the subsidiary company (Tulu Kapi Gold Mine, TKGM), with final funding due to be signed off by the end of October 2020. Things have been delayed, but [term sheets](https://www.kefi-minerals.com/files/announcements/kefi-tk-project-funding-20oct20-final.pdf) were agreed by all parties (2 major African banks, Ethiopian Government, and unnamed 'major international partners') with the funding coming from a combination senior debt from the bank, project-level equity and subordinated debt from the unnamed partners linked to an off-take deal. All parties (banks, etc) completed their due diligence (hosted at the mine site by the Ethiopian Government Mining Minister) towards the end of December and things are moving toward a March closure. KEFI increased their beneficial interest to at least 65%, with local investors having until around about now to decide whether or not to get involved. If they don't get involved, KEFI's share will increase to 80%. At 65% with a gold price of $1700 /oz, KEFI's interest works out at around 9p per share, net after tax cash flow, discounted 8%. + +I'm expecting an RNS next week which will likely name the international partners ("$1B LSE-listed company is the only hint given so far, with unconfirmed rumours that it's Centamin) and state whether local investors got involved (KEFI doesn't seem to want them to get involved, but have left the door open for mostly political goodwill). On full completion of the finance, the Ethiopian Government will release a bunch more exploration licences (100% KEFI) for the surrounding areas, with the aim of turning Tulu Kapi into a mining district. The political will to get this off the ground seems intense, with KEFI involved heavily in advising government on developing their nascent mining industry. + +&#x200B; + +**Hawiah project, Saudi Arabia** + +The next major project under development is the Hawiah project in SA. KEFI operates in Saudi Arabia as a minor partner (34% stake, with Artar owning the rest) in a company called G&M (Gold & Minerals). KEFI are doing all of the drilling and operational work, while Artar provide a wodge of cash and local political influence. KEFI originally owned a 40% stake but this reduced when they couldn't make their equity contributions to exploratory work a couple of years ago. Knowing what they do now, the KEFI director admits they should have issued more equity to maintain their holding because the Hawiah deposit is looking like it's going to be a BEAST, with exploratory drilling ongoing. + +So, the project: they've been drilling for less than 2 years and have found a big VMS ([volcanogenic massive sulphide](https://www.mining.com/web/everything-need-know-vms-deposits/)) ore deposit, typically mineral-rich deposits. The principal metal here is copper, which is in the deposit in a pretty high grade, and there are also decent amounts of zinc, gold and silver in there. The most recent [drilling results can be found here](https://www.kefi-minerals.com/files/announcements/kefi-hawiah-project-update-29jan21.pdf): the primary economic assessment last year suggested a surplus cash flow of $200m before tax, etc but KEFI are carrying out infill drilling and further exploration (they still haven't found the full extent of the deposit) with the aim of at least doubling the maiden resource estimate, which would create a surplus cash flow in excess of $500m. KEFI have really put the foot down in terms of expanding the drilling, and have applied for a bunch of mining licences in the surrounding area which, given the geology, could potentially include several deposits at least as big as this Hawiah project. Saudi Arabia has been a tricky, slow place to work but a new mining law came into effect in January 2021 to allow the government to lend up to 75% of project costs, and streamline the process of getting permits. KEFI, through Artar, believes that they are well-situated to take advantage of the Saudi government's push to develop resources for life after oil. + +&#x200B; + +**Jibal Qutman, Saudi Arabia** + +Jibal Qutman is a project that contains \~733kOz of gold. Not a huge project but the gold can be extracted very cheaply from an open pit, heap-leach operation at a cost of $600 per Oz (currently, gold is sitting at $1778 / Oz). With the Saudi mining law and 75% government loans the total amount of cash needed from KEFI to set this up is just $5m, so this would be really cheap to get up and running. The mining licence has been applied for and could drop at any time, so this is a genuinely shovel-ready project. + +&#x200B; + +**Financials** + +Okay, so Tulu Kapi alone is worth a minimum of 9p a share, so why is KEFI so cheap? Well, the main reason is that, quite simply, they have tried and failed to deliver Tulu Kapi for several years, and as a gold exploration company, long-term shareholders have been bled for a LOT of cash, dropping from 70p a share in 2012 (higher before), and facing a 17-to-1 share consolidation back in 2017. There number of shares in issue since that consolidation is almost 10x and ADVFN has a lot of long-suffering holders who have been averaging down continuously as the company has had to issue shares to keep the lights on. The most recent (oversubscribed) placing was in November 2020, when KEFI raised \~£3m to clear all outstanding debt, pay for drilling to develop Hawiah and generally keep the lights on. Obviously, KEFI are not generating any revenue yet (first gold pour from Tulu Kapi is due at the end of 2022). + +So why did I invest? Well, the board of directors have taken a lot of abuse for failing to deliver across several false dawns, and junior miners have taking a cyclical kicking in the last 10 years. But... the board have kept the lights on, gold is now rising again and copper is at a 9-year high due to dwindling supplies at a time when the world needs ever more copper as we switch to a low-carbon, electric-driven model. A small electric car requires 40kg of copper, and an all-electric bus contains almost 10x this, so copper prices may well go through the roof in the coming years. And unless bitcoin replaces gold as the main store of value, with the amount of money being printed to offset economic chaos from COVID, gold could easily climb back above $2000/ Oz in the coming months. + +In terms of politics, KEFI have got the full support of the Ethiopian Government who are keen to commission the first modern gold mine in Ethiopia, due to their need to provide jobs (upcoming elections) and increase their reserves of foreign currency. Ethiopia is one of the fastest-growing economies in the world and KEFI appear well-placed to help launch a nascent minding industry. + +KEFI have had many false dawns for funding the Ethiopian mine, but the banks have finally completed their DD, the consortia seems to be assembled and the KEFI CEO has played an absolute blinder in getting KEFI's interest from 45% last summer up to potentially as high as 80%. I really believe that their time has come, just as EUA's did last year. If Tulu Kapi funding does indeed close next month, the share price may well re-rate to 4 to 8p in the following weeks. Of course, if this is yet another false dawn, it will probably drop to 1p. But I'm feeling optimistic and, if we weren't in the process of buying our first house, I would be buying a lot more while the shares are on sale. This post isn't advice, as you should do your own DD, but I've learned a lot from lurking in this forum and wanted to try my hand at sharing my thoughts. I've only been investing since getting bored and finding I had spare cash in the first lockdown, so I'm still pretty inexperienced / naive with investing. +Just wanna say I wish u/criand and u/atobitt would take a look here, not sure if they are still around. + +So do yourselves a favor and read up on the swaps theories in the DD library, you can just search "swaps" and it'll pull up some of the best. + +https://fliphtml5.com/bookcase/kosyg + +I wrote [The Case of the Missing Swaps](https://old.reddit.com/r/Superstonk/comments/v2npsi/the_case_of_the_missing_swaps_is_the_cftc/) last month because I was pissed that the swaps data for February 2021 to June 2021 had not been uploaded and I had a feeling that's because they were hiding something inside them that could be damaging to the short sellers. Well I put in an FOIA request for that data as you can read about in that post and received a response that it would be posted around later July/June. + +[One month ago when the reports were still missing](https://imgur.com/7RepEgO) + +Well the weeks have finally been posted. Why do you think RC is always liking the gender swap faceswap gifs on Twitter? It's all about the swaps, and he wants us to look there because I think that is where the damning evidence is. + +We need to tear this apart: +https://www.cftc.gov/MarketReports/SwapsReports/Archive/index.htm + +TLDR: Missing swaps data was recently posted from a crucial time after the sneeze. We need to investigate and see what we can find. +**My dearest apes,** + +&#x200B; + +This something that has been weighing on my mind for quite a while. **Where are the short positions?** Well, we all have heard the rumors of **resetting FTDs with the use of the options chain**. Being the ~~wrinkle brain~~ retard that I am \*wink wink\*, I've decided to do a little digging. Most of the solid theories people have about hiding short positions comes from this SEC paper: [https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) + +&#x200B; + +Coincidentally \*wink wink\*, there just so happens to be some really insane stuff going on in the options chain of $GME. And a lot of it started... \*gasp\*... when the price jumped to $483 and the short interest suddenly dropped from \~140% to \~30%. So, what do you say we look a little deeper into the options chain, Kenny? + +&#x200B; + +&#x200B; + +[from: https:\/\/www.barchart.com\/stocks\/quotes\/GME\/put-call-ratios](https://preview.redd.it/bsxz0n0f9s571.png?width=1157&format=png&auto=webp&s=00894296b776243a7257e58a317e226c85700409) + +&#x200B; + +This is the options data for all of the currently existing $GME options. There are a few things that strike me as odd. The main thing is: what is up with the huge amount of put open interest for the 7/16 expiration date and 1/21 expiration date? Let's take a closer look at the 7/16 options chain specifically. + +&#x200B; + +&#x200B; + +[from: https:\/\/www.barchart.com\/stocks\/quotes\/GME\/options?moneyness=allRows&view=stacked&expiration=2021-07-16-m](https://preview.redd.it/85976zk0as571.png?width=1157&format=png&auto=webp&s=7d7071a130a47b22977aad47d2dd8b6d835c4102) + +&#x200B; + +**WOAH THERE, KENNY!** You're almost making it too easy. As you can see, an **ENORMOUS** amount of the open interest comes from way, way, way, way, way OTM put options. In case I wasn't clear, these puts are stupidly out of the money at a price point that will never be reached again. Find me another stock that has this sort of bizarre options activity and I'll trade you one $GME share. "Okay, well so what?" you ask. "These options have been purchasable since June of 2020. They could've been bought by bears back then who were still convinced $GME was going to zero." Oh really? Let's take a look at a graph of the open interest, then. + +&#x200B; + +&#x200B; + +[from: ThinkOrSwim platform](https://preview.redd.it/4vmae7syas571.png?width=1546&format=png&auto=webp&s=2cdd8cf91984923c4a2c5000acc7dbf7c60ee1e0) + +&#x200B; + +As you can clearly see (or maybe not so clearly, it's kind of shit quality), the open interest doesn't enter significant numbers until 1/25. From 1/25 to about 2/3, the open interest spikes from near zero levels to 80,000. This coincides with $GME's initial gamma squeeze. The second spike from 80,000 to 140,000 occurred from 2/23 to 3/23. This coincides with $GME catching it's second breath, the run-up that followed the 2/24 spike, and the eventual fall from near-peak levels. + +Ok, so it's obvious someone really needs these worthless put options for something. Now, let's start to do some statistical testing. I'll try to keep this simple for all of you smooth-brains out there. + +&#x200B; + +So, the working theory for a long time is that SHFs reset their FTDs using tricky options trades outlined in the SEC paper I linked above. It basically involves a bunch of synthetic positions that make the balance sheet look like you've covered your shorts. (NEWS FLASH: THEY HAVEN'T). So, if we are looking at FTDs and the use of these worthless put options (If I haven't emphasized enough how weird it is for these stupidly OTM put options to have this kind of activity, here it is: THIS IS FUCKY SHIT GOING ON HERE THAT IS COMPLETELY ABNORMAL) and FTDs, what can we expect to see? Well, we would expect to see a negative correlation meaning: as the FTDs are hidden away, the open interest in these puts (used to reset these FTDs) should go up. So how do you test for something like this. \*ENTER EXCEL\* (or Google Sheets because I spent all my money on $GME). + +&#x200B; + +So here was my process. I am going to get FTD data from pre-January-run-up to April 28. I'm then going to get the open interest of this specific put option for the same dates and run a Pearson Correlation Coefficient these two data points to check for a correlation. + +&#x200B; + +Here is what I am working with: + +[from: my brain](https://preview.redd.it/2jl7v64gds571.png?width=1064&format=png&auto=webp&s=f74833a9d05ba9b1c67249cf20d1849fa644eef4) + +&#x200B; + +You can't really see in the screenshot, but there are a lot more rows of this FTD and open interest data. Now, this **DOESN'T EVEN INCLUDE ETF FTDs AND IS ONLY ONE OF THE OPTIONS CONTRACTS FOR THE ENTIRE CHAIN** and still there **IS A STRONGLY NEGATIVE CORRELATION**, exactly what we hypothesized from earlier. + +&#x200B; + +**Unfortunately**, I don't have the time to sit down and look at every contract's data, all the ETF FTDs, and the other chains from 01/22/22. But I have glanced at the open interest charts for a lot of them, and they all look EXTREMELY SIMILAR to the contract I showed you today. I suspect if I did sit down and do the grunt work for every single chain and contract, the correlation coefficient would probably increase. + +**Fortunately**, though, a -0.67 correlation is considered to be strongly, negatively correlated (anything of +/- 0.5 is considered to be a strong correlation). + +**So let's wrap this thing up shall we.** + +1. SHFs "reset" their FTDs using nifty options tricks. +2. As FTDs go down, nifty options should go up. (Negative Correlation) +3. After running a Pearson Correlation Coefficient, I have found a STRONGLY, NEGATIVE correlation, exactly what was hypothesized. + +&#x200B; + +**So questions after reading this DD:** + +1. **Should my tits be jacked?**If this doesn't confirm your bias I don't know what will. +2. **What are your qualifications?**I eat crayons for breakfast, lunch, and dinner. Seriously, though, I don't do this for a living. This has just been an interesting side project to confirm my own bias, and I thought I should share the results with all of you. +3. **What mean?**Statistically, it's highly likely the SHFs are using the techniques we've been suspecting them of to reset FTDs. + +&#x200B; + +So that's it apes. If I've fucked something up majorly, please let me know so I can make the necessary corrections. + +**TL;DR**: See question #3 + +&#x200B; + +**Edit 1**: I now realize I should have went more in depth to the SEC paper to explain how they are using options to reset the clock. The idea is that you use a married put trade with a synthetic long rather than buying shares. This would look like: + +buy put + sell put + buy call = married put + +Note the put/call ratio of these transactions would be 2. So, as long as the put call ratio for each particular option chain is above 2, it would be valid to say that it is possible that these techniques could be being used. My post aims to prove statistically that these techniques are being used. So with the put/call ratio of the 7/16 options being above 2, I am aiming to correlate the FTDs with the opening of these contracts. + +Here is the section of the SEC paper that talks about the married put trades being used to reset the clock. [https://imgur.com/a/dWKtvF0](https://imgur.com/a/dWKtvF0). The full paper is linked at the beginning of this post if you are interested in reading. +x-post from /r/PersonalFinanceCanada since this might be a better audience. I was looking at a breakdown of US counties and their contribution to total US GDP. This made me realize I know a whole lot about Toronto's size with respect to the Canadian economy (huge), but have never really tried to compare it to US cities. + +Looking at [https://www.toronto.ca/wp-content/uploads/2019/02/8b6a-GDP-Estimates.xlsx](https://www.toronto.ca/wp-content/uploads/2019/02/8b6a-GDP-Estimates.xlsx), I found the Toronto census metropolitan area (which includes Toronto, Peel, and York along with parts of Durham/Halton) has a 2017 GDP of 337 billion in 2007 Canadian dollars. + +[This](https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_areas_by_GDP_per_capita) Wikipedia page reports US metropolitan statistical area GDP per capita in 2009 USD. Using [StatsCan's CPI data](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501&pickMembers%5B0%5D=1.2&cubeTimeFrame.startYear=2006&cubeTimeFrame.endYear=2019&referencePeriods=20060101%2C20190101), the CPI was 111.5 in 2007 and 114.4 in 2009. So, the Toronto CMA's 2017 GDP would be 346 billion in 2009 CAD. [This](https://www150.statcan.gc.ca/n1/pub/91-214-x/2018000/section01-eng.htm) link puts the Toronto CMA's population at 6,346,088 in 2017. Or $54,521 GDP per capita in 2009 CAD (for reference this would be $64,815 in 2019 CAD). + +We could use two methods to compare GDP across Canada and the US: + +1. Purchasing power parity. This is about how much buying power 1 CAD has relative to the USD. Typically done via a national composite "exchange" rate. StatsCan [publishes PPP estimates](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610010001). For 2017, 1 USD = 1.2048 CAD. +2. Currency exchange rate. We can use the [BOC's average annual exchange rate](https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/) for 2017: 1 USD = 1.2986 CAD. + +I'm not sure whether method 1 is appropriate here since purchasing power varies widely from city to city and I was more curious about economic output than local buying power, but we can calculate both. + +Method 1 gives Toronto CMA's 2017 GDP per capita at $45,253 in 2009 USD. Method 2 puts it at $41,984. + +I always knew Canadian GDP per capita skewed lower than in the US (at PPP, we are about 73% of the US). But Toronto's per-capita economic output is almost shockingly low to me. Our peer metros in the US are not at all what I'd expect and are hardly what I'd think of as dynamic, cosmopolitan cities: + +|Metropolitan area|GDP/capita (2009 USD)|Population| +|:-|:-|:-| +|Jackson, Mississippi|45,390|580,166 (2018)| +|Lima, Ohio|45,497|108,473 (2010)| +|Buffalo-Cheektowaga-Niagara Falls, New York|44,843|1,135,509 (2010)| +|Memphis, Tennessee|46,029|1,324,108 (2010)| +|Orlando-Kissimmee-Sanford, Florida|45,807|2,608,147 (2019)| +|Wichita, Kansas|45,862|637,989 (2013)| +|Detroit-Warren-Dearborn, Michigan|52,879|3,734,090 (2010)| + +For comparison, here are the numbers for some larger, "higher tier" US cities: + +|Metropolitan area|GDP/capita (2009 USD)|Population| +|:-|:-|:-| +|San Diego-Carlsbad, California|60,517|3,095,313 (2010)| +|Portland-Vancouver-Hillsboro, Oregon/Washington|63,817|2,226,009 (2010)| +|Denver-Aurora-Lakewood, Colorado|64,379|2,967,239 (2019)| +|Boston-Cambridge-Newton, Massachusetts/New Hampshire|78,465|4,552,402 (2010)| +|New York-Newark-Jersey City, NY/NJ/PA|71,084|19,043,386 (2010)| +|Seattle-Tacoma-Bellevue, Washington|80,833|3,979,845 (2010)| +|San Francisco-Oakland-Hayward, California|89,978|4,335,391 (2010)| +|San Jose-Sunnyvale-Santa Clara, California|128,308|1,836,911 (2010)| +|Los Angeles-Long Beach-Anaheim, California|67,763|12,838,417 (2010)| + +The gap in economic output here seems immense and almost hard to believe. Did I make a mistake somewhere in my analysis? If not, it really makes me wonder what's going on. +Hey everyone, I’m still fairly new to buying and trading stocks as I’m only 18 and started investing a little over a month ago. I currently only have 5k in the market and I’ve decided to start investing into stocks that pay dividends. I’m currently planning on buying into REI.UN and Enbridge because they’re both paying a dividend of around 7%. + +Do you guys have any other suggestions for long-term dividend paying stocks? + +Thanks for taking the time to read:) +**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/) +Starting to see people getting regretful and depressed over losing a ton of money or giving up profits when they were up on these meme stocks. If you're serious about trading you would use this experience to learn from it and develop as a trader. We never want to trade what we want to see, we trade what we do see. There are a ton of ways to manage winners, but the best way is to just to just set targets, lock in a %, and set a stop for the rest above your entry. + +If you are ever in the future up on a position by a substantial amount, take some off the table. By locking in 70-80% of your positions, you 1) reduce risk, and 2) lock in realized gains. Until you sell, they are purely just numbers on the screen. + +If you purely just bought these things with no plan in mind and expected the moon, you are gambling, not trading. You must figure this out before you take this trade. + +A story I have for people here is that a friend of mine bought into GME, AMC, NOK, BB all because of the hype. The first 2 days he was up a nice chunk of money, but as the brokerages began setting limits and buying pressure began fading, his positions quickly turned red. I asked him about his stop loss and he said he doesn't have one or even knows what that is. Currently he is down $50,000, roughly 70% of his account is gone. In the end, he gambled, didn't see himself losing, and now he lost almost everything. +The Solana network is totally congested and unusable in anyway right now. + +When people try send coins out of the wallet it gives 404 error lmao. Tryna undtake some coins? Transaction fails. Explorer says 404 error. Some people still wanna take some risk and add collateral and the transactions aren’t going through. It’s basically an offline blockchain rn. + +This used to be discussed on the Solana sub few times and used to be called out as FUD. The same shit is getting agreed now. + +I used to hear shit like decentralisation is not the only important aspect, network can be usable and also centralised and be successful. **decentralisation IS important** + +The bots are spamming w micro transactions because they’re basically free. The only way to fix this now is increasing the transaction fees to make it expensive for bots to spam. + +The sub is total havoc w people telling the transactions aren’t going through. +Robinhood and other platforms are not letting their users buy GME or AMC etc stock because they are using Margin a lot. These retails are losing more money than making it. Also, they trying to keep it a safe way to invest before they get any trouble from Feds. What are your thoughts on this, is it right? +Robinhood and other platforms are not letting their users buy GME or AMC etc stock because they are using Margin a lot. These retails are losing more money than making it. Also, they trying to keep it a safe way to invest before they get any trouble from Feds. What are your thoughts on this, is it right? +Let's see your funniest memes and comments. + +1. Top voted comment at the end of the week gets a $50 GameStop gift card. +2. 2nd highest comment gets a $25 GameStop gift card. +3. I know what you're thinking, "paulcylo, that money would be better spent on DRS'ing more shares". Soooo I will add up the upvotes on the top 3 comments and DRS $1 for each upvote. + +Deadline is Friday, August 5th at 4pm EST. + +Limiting the upvotes thing to $5k, that's all I can afford right now. + +If I don't post proof by Saturday afternoon, please ban me. +I am such an ape that I still can´t spell it without double checking. + +Besides all the screenshots of the supreme court rule, what does it actually mean? I went through a bunch of articles to gather numbers. + +**ta;dr: something between 7-11m people are behind payments and affected and might be kicked out now.** + +While the numbers differ, I just want to throw them out here since we won´t be able to make a poll and get a real statistic setup, let´s go. (source in the end --> easy read mode, see brackets behind numbers)) + +Again, I throw the numbers out, different numbers on the same topic but just for us to see that it´s not just a hand full of people who will be affected. + +One thing that I do not understand: The eviction moratorium only prevents people from being kicked out. It does not reliefe them from payments. So besides the sad fact that people might lose shelter, wouldn´t the financial impact already be seen? Now they have to pay back of get kicked out, but there wasn´t a goverment body who paid in the meantime, right? + +u/dept_of_silly_walks is clearly smarter and explained why it could be a bigger thing for us: + +>Now, you are correct. This whole time, there’s been no one paying these back rents. So we may be looking at millions of people that haven’t paid any rent in 18 months. +> +>Again, as the landlord couldn’t kick the tenants out, the banks also cannot default on the landlord’s commercial mortgage loan. +> +> +> +>That all comes to an end today. +> +>Now, landlords can evict tenants, banks can foreclose on home owners … AND, if the landlords holding commercial mortgages do not have 18 months of mortgage payments, they can get foreclosed on, too (and how are they supposed to have this cash when tenants have been living rent free for a year and a half?). + +&#x200B; + +~~I am having a hardtime phrasing it like this but wouldn´t that be a good sign for banks? Now landlords can get tenants in again who pay for rent and they could ask for payments with more pressure again? No FUD or shill... I try to understand and would like to edit this if someone can help me grow a wrinkle.~~ + +&#x200B; + +\+++ Who is affected (**A**ll **P**eople **E**qual, just for the statistics): +++ + +\- 24 percent of Black renters (1) + +\- 18 percent of Latino renters (1) + +\- 11 percent of white renters. (1) + +\+++ How many people are affected: +++ + +\- 7m Americans (July 30th) (2) + +\- 10m Americans (June 30th) (3) + +\- 7.4m aduldts or 6.5. households (4) + +\- 11 million people are behind on rent (5) + +\- 16% US households (5) + +\- more than 14% of renters are behind on housing payments (3) + +\+++ Which states got hit how hard (5): +++ + +&#x200B; + +[shameless stolen from cbs News](https://preview.redd.it/iqpeud6qgvj71.png?width=859&format=png&auto=webp&s=b19a19d6ad356400fc795af962fe22b1201085fa) + +&#x200B; + +[only the 18&#37; states](https://preview.redd.it/fe64awhwgvj71.png?width=850&format=png&auto=webp&s=0e04cd7fc89c1aff76459f2439d2228e7d24a08f) + +&#x200B; + +(1) [Source 1](https://www.winknews.com/2021/07/29/eviction-moratorium-what-happens-to-renters-when-the-cdc-ban-expires/?__cf_chl_captcha_tk__=pmd_Ix.ee8vH4zU8wZKMliv89Iw2DzSVlfBfctWPB1MU3ak-1630056552-0-gqNtZGzNAxCjcnBszQk9) + +(2) [Source 2](https://www.npr.org/2021/07/30/1022909525/millions-of-tenants-will-be-at-risk-of-eviction-when-the-moratorium-ends-this-we) + +(3) [Source 3](https://www.cnbc.com/2021/06/03/more-than-14percent-of-renters-still-behind-on-rent-as-eviction-ban-ends.html) + +(4) [Source 4](https://www.aspeninstitute.org/wp-content/uploads/2021/07/AI-017-FSP-Report_Eviction-Report_r4.pdf) + +(5) [Source 5](https://www.cbsnews.com/news/eviction-moratorium-2021-expiration-renters-risk-states/) +Hello gang, I recently started reading option trading by Euan Sinclair. One of the biggest revelations to me was how theta changes sign (from negative to positive) and vice versa depending on the position of the long/short strikes relative to the money. + +In this theoretical example illustrated in the book, you have a call credit spread where you are long the 95 strike and short the 105. See the below image for the Theta of the 95 105 call spread: +https://imgur.com/a/Vz6aJ4n + +To sum up: Theta changes signs as the underlying price moves from the long strike to the short strike. When the underlying is close to the long strike, the theta is negative and the strategy loses money with the passing of time. When the underlying is close to the short strike theta is positive and the strategy gains money with the passing of time. This is because you paid for the long option (theta works against you), while selling the short option (theta works in your favor). + +Now, after trading options for a couple of months now and having taken some losses, I can concur with the theory presented and this has changed my approach in trading. Before, I was of the understanding that if your short strike is breached, since you paid for the long strike, you could just hold till expiry (since the loss is locked in anyway). Even more so, if both your short and long is breached, no matter, because you've defined your risk and you will only lose that much on expiry. + +However, having your strikes breached presents an opportunity to you to either: close the position for a smaller loss than your max loss (without suffering the time decay till expiration, and now having your capital ready to redeploy at the next opportunity). Or roll your strikes to a more favorable strike and expiry date. At the same time, you might also want to delta hedge against it and earn some credit from doing so by selling the opposite spread (ie - a call spread if you sold a put, vice versa). + +Let me illustrate with a trade that I made with SAVA. On 8/7 I opened the 95/85 bull put spread (30 deltas at 41DTE) and received a credit of 4.5. All was going well (I even saw some profit and should have taken it) until the underlying took a 50% dip. Within a day, the underlying had blown past both my short and long strikes. Now, this was my thought process then - since my long strike is blown, and there is still two weeks or so to expiry, I could just hold out and wait for underlying to recover and hopefully profit. *Since I was already at max loss anyway* - I couldn't have been more wrong! + +Needless to say, the underlying did not recover and I took my max loss at expiry. Here's how I could have played the trade different - on a couple of days following the dip, there were plenty of opportunities to close the spread at approx 6.5 to 8.5 (debit). So I would be looking at a loss of $200 to $400, depending on close price. At that point, I might even have been able to eke out a small gain or scratch, since I also had a call credit spread which I profited from. Hence, between the time of the dip and expiry, theta ate up between $200 to $400 of my gains! Had I closed the spread earlier, I would have lost less money to theta and had more time on hand to redeploy my capital at a hopefully more profitable trade! + +So this was my lesson learnt: Theta can work against you even in credit spreads. Even if you are at max loss (blown past your long strike) it can sometimes make sense to close the spread and not wait till expiry. In short, you should never have to realize the max loss on your credit spread, and either close it out or roll it to another strike and expiry to take advantage of what remaining theta you have, and not let theta burn against you. This was a difficult concept for me to muster as a beginner trader, but with many wins and loses I now understand how to manage my losers better. + +I have since moved on to trading strangles but I still do use defined risk strategies on large underlyings that I don't have the strangle margin for. A similar approach does apply to naked puts and calls too (theta burn is highest ATM and reduces as you get further OTM), and I manage my strangles based on how badly my strikes are tested and I occasionally will sell credit spreads against the tested/untested side as a hedge. + +Hope this post is insightful, and happy trading! +I’ve seen comments like “your CCs are gonna get blown up when this thing moons” or “don’t come crying when you’re stuck with strikes 50% below underlying value.” + +Folks, a CC that goes ITM is a win. + +Sure, you might want to manage that to improve your position even further, but please stop saying things like, “when that underlying doubles your CCs are gonna be rekt.” + +CCs and CSPs have the same P/L (with some minor nuances). Nobody ever says “oh you sold a CSP and the underlying increased, now you’re screwed.” + +Feel free to educate me though. I am just trying to learn. + +Edit: the title was ambiguous, I was referring to an OTM call that goes deep ITM. Not selling a call that was already deep ITM. Sorry for the confusion. +Let me tell you a story, thetagang. A tale of misadventure in selling an Iron Condor (IC) gone awry, but also a tale of triumph. This can hopefully show how useful it can be to have a plan, and to make conscious moves to manage losing trades rather than just accepting losses (in some cases). Follow along and let me know what you think or what you would have done. + +TL;DR: I sold an Iron Condor on XLU, immediately underwater, traded my way out of it in several adjustments, made a profit. + +Way back on April 8th I sold an IC on XLU. XLU is a utilities ETF. Volatility was middle-ish at the time, and I set up the following strikes, all for the May 15th expiration: +1 $47P / -1 $50P, -1 $61C / +1 $64C. I brought in $98 in credit, so my max loss was $202. Here's what that looked like at the time, with XLU trading at $55.5: + +&#x200B; + +https://preview.redd.it/gqqa6feuy1w41.png?width=405&format=png&auto=webp&s=be98f586d293c6cf8a231f3bfa3d69aa26531a7b + +As you can see, that line wayyyy down there on the bottom is my breakeven to the downside, and the line for the upside breakeven was off the chart. life was good. + +Fast forward a few days later and XLU does this: + + + +https://preview.redd.it/3uyjc55cz1w41.png?width=471&format=png&auto=webp&s=6a7757b894a692a78fbeff86707108bc8ae73f28 + +Busts right through my upper strike, comes back, then looks like its going to the moon. Ok, no big deal, I got this. I follow the plan. I roll the put strikes up to be short the $55P and long the $52P. Still three points wide but collected another $23 in credit, which means my total credit received is up to $121 and my max loss is reduced to $179. Bam, I'm so damn good at this. Except a couple days later IV Rank does THIS: + +&#x200B; + +https://preview.redd.it/cofhane502w41.png?width=1298&format=png&auto=webp&s=7e12a286c7330b15e5bc635af0c9c8e02cd30827 + +A visual depiction of vega destroying my will to go on. So this position I've sold, which is short vega, goes up in price, which is crappy. Also, what do you suppose happened to the stock price now that I've rolled the put strikes higher? The damn thing starts marching down towards my new put strikes: + +https://preview.redd.it/an0kqlji02w41.png?width=1472&format=png&auto=webp&s=9d063be2d802fcff67bbc4f3c512f88db92a7684 + +So at this point things are looking not ideal. IVR just skyrocketed, the underlying price is coming down into my puts. I don't want to roll the call side down because so far this is just all over the place. So on April 23 I buy myself some time by rolling the whole turd out to the June expiration, and establishing some better strikes in the process: Jun19 $51/$54/$62/$65, collecting another $31 in credit. So now I've got more breathing room, I've brought in a total of $152, and my max loss is down to $148. Still three points wide. XLU finally calms down, settles into a range, and I closed the damn thing today for $105, happy to be done with it for a win. + +Somewhere in the middle of this trade it went almost as wrong as a trade can go - IVR skyrocketed after I sold the condor, hit one wing so I rolled then rebounded all the way to the now-higher other side. Still a winner. Have a plan, stick to the plan! + +Questions? Concerns? Anyone see anything I should have done better? I think I have impeccably bad timing on setting up positions, but its fun to weasel my way into profits. Stay tuned for a similar post about my currently SUPER NOT GOOD condor on FB. +17.5Billion into the economy, projected to rise over 22B by the 21/22 period. + +* $750 per person on a pension +* Heavily weighted to bussiness investment. + +Discuss. + +EDIT 1: https://mobile.abc.net.au/news/2020-03-12/federal-government-coronavirus-economic-stimulus/12042972?pfmredir=sm + +Edit 2: https://treasury.gov.au/coronavirus +17.5Billion into the economy, projected to rise over 22B by the 21/22 period. + +* $750 per person on a pension +* Heavily weighted to bussiness investment. + +Discuss. + +EDIT 1: https://mobile.abc.net.au/news/2020-03-12/federal-government-coronavirus-economic-stimulus/12042972?pfmredir=sm + +Edit 2: https://treasury.gov.au/coronavirus +Been noticing lots of negativity regarding Australia's economy of late, and given our current market conditions and our national day being upon us, I thought I'd try to boost everyone's outlook a tad. The amount of down votes and push back I get when I'm bullish about our economy makes me think I need to lay some figures out and see if everyone's actually been doing their homework. + +**Competitiveness** + +So, here we go. The haughty bourgeoisie at the **World Economic Forum** define competitiveness as the - "set of institutions, policies, and factors that determine the level of productivity of a country". The WEF's **Global** **Competitiveness Report** series distinguishes: + +1. "Factor-driven" the least developed economies, typically relying on low-skilled labour and natural resources. +2. "Efficiency-driven" developed economies, focusing on improving economic output by increasing production efficiency. +3. "Innovation-driven" most developed economies, which rely on innovation and technological changes to drive growth. + +By these metrics the most competitive economies are countries like Switzerland, Singapore and the United states. One of the key factors in the competitive index is GDP per capita, because highly skilled and productive populations in theory out compete lower skilled, less productive ones. With the notable exceptions of the USA the *most* competitive economies are also usually the smallest. In regards to raw competitiveness, top 10 GDP powerhouses like Germany, Canada and the UK are merely top 20 (alongside Australia) with Japan scraping the top 30. + +**GDP** + +But, we all know size matters, and in terms of nominal GDP Australia is just shy of the top ten. I also recognise everyone's standards for a utopian economy are quite high, so we should depopulate a few 'regimes' out of the top 10 that are ahead of us (notably Brazil, India, China and Russia). The WEF's Benchmarking Network is inclined to agree, prioritising the provision of basic economic requirements, such as institutions, infrastructure, and education, with the most competitive countries maintaining high quality road networks, transportation, infrastructure and primary education. + +**GDP per capita** + +So really the candidates for the utopia you're all longing for are Germany, Canada and the USA. Now, i'm guessing you're probably going to want some spending money in your mixed market paradise, so let's look at GDP per capita. While the USA just ranks in the top 10 (9th), Australia is just shy at around 13, while our other candidates populate the top 30. But you can't buy cocktails with some abstract aggregate GDP numbers, we need cash baby... Credit Suisse’s *Global Wealth Report* found that the median wealth per adult in Australia was the highest in the world\* (depending on year) and also has one of highest rates of annual increased wealth per adult, with almost one in 10 Australian adults being considered a (USD) millionaire, a figure expected to increase by up to 70 percent in the coming years. + +**Future** + +Can the good times last you ask? While its true, this is all 'history' (everything is btw), our track record of avoiding economic crashes has been stellar to date, and of late because our economy is based on primary industry and China demands our dirt. That said, our fiscal policy is sound, and the economic playbook (such as it is) dictates we spend our way out of threats to aggregate demand. These two points (fiscal policy and primary industry) bring us to the main criticisms you'll hear regarding housing bubbles and a china centric cash flow etc. + +* Firstly, the EU, USA and Japan are also China centric, and outside of Germany (who getting cosier by the day with Russia who in turn is getting cosier by the day with China) the Japanese and American relationships with China are far worse than ours, outright sabre rattling, not to mention India and Taiwan. So really we are par for the course here. +* Secondly the 'hosing bubble'... if the last 30 years of fiscal management tell us anything, its that you need to clobber our nation with a combination of plague and fire to slow us down, biblical stuff. If our houses are expensive, its because we have money and the world is prepared to loan us more, which incidentally is a good sign. Do we over shoot? markets over and under react, thats what markets do. +* Thirdly, population ponzi's, its not a secret that developed nations have ageing populations. when womens education goes up, and you introduce light bulbs, birth rates go down. This isn't uniquely Australian. Take a look at lists of birth rates across OECD and you will see the same numbers, it distinguishes a mature economy, not disqualifies. +* Lastly, dropping educational standards. Go on QS rankings take a look at our Universities, look at the h-Index of the professors and come back with some metrics. The fact that exporting education is one of our primary incomes should trigger some alarm bells, we contribute world class intellectuals, that Terrance Tao and David Sinclair moved to America doesn't diminish us, its not like they moved to Chile or Uganda, we still have world class research institutes here. Of course it could be a conspiracy... Please link me some sweet youtube clips to look into bro. + +Its important to distinguish between absolute statements and comparative claims, if you are making a comparative claim.. then you need to *actually* compare. Identifying that the Australian economy isn't perfect isn't enough to convince me there are many, if any, places id prefer my capital, and our levels of debt mean in general the world agrees. According the WEF, the worlds *least* competitive countries have particularly *low* debt to GDP levels, and regards it as a negative signal, reflecting lenders lack of confidence towards governments and economies, which ultimately represents a hinderance to modern fiscal policy and innovation investment. + +&#x200B; + +https://preview.redd.it/7l2mrkrruyd81.png?width=650&format=png&auto=webp&s=8b625bf58e28faf53afe6ae01c7a7421bfc73ff6 +Been noticing lots of negativity regarding Australia's economy of late, and given our current market conditions and our national day being upon us, I thought I'd try to boost everyone's outlook a tad. The amount of down votes and push back I get when I'm bullish about our economy makes me think I need to lay some figures out and see if everyone's actually been doing their homework. + +**Competitiveness** + +So, here we go. The haughty bourgeoisie at the **World Economic Forum** define competitiveness as the - "set of institutions, policies, and factors that determine the level of productivity of a country". The WEF's **Global** **Competitiveness Report** series distinguishes: + +1. "Factor-driven" the least developed economies, typically relying on low-skilled labour and natural resources. +2. "Efficiency-driven" developed economies, focusing on improving economic output by increasing production efficiency. +3. "Innovation-driven" most developed economies, which rely on innovation and technological changes to drive growth. + +By these metrics the most competitive economies are countries like Switzerland, Singapore and the United states. One of the key factors in the competitive index is GDP per capita, because highly skilled and productive populations in theory out compete lower skilled, less productive ones. With the notable exceptions of the USA the *most* competitive economies are also usually the smallest. In regards to raw competitiveness, top 10 GDP powerhouses like Germany, Canada and the UK are merely top 20 (alongside Australia) with Japan scraping the top 30. + +**GDP** + +But, we all know size matters, and in terms of nominal GDP Australia is just shy of the top ten. I also recognise everyone's standards for a utopian economy are quite high, so we should depopulate a few 'regimes' out of the top 10 that are ahead of us (notably Brazil, India, China and Russia). The WEF's Benchmarking Network is inclined to agree, prioritising the provision of basic economic requirements, such as institutions, infrastructure, and education, with the most competitive countries maintaining high quality road networks, transportation, infrastructure and primary education. + +**GDP per capita** + +So really the candidates for the utopia you're all longing for are Germany, Canada and the USA. Now, i'm guessing you're probably going to want some spending money in your mixed market paradise, so let's look at GDP per capita. While the USA just ranks in the top 10 (9th), Australia is just shy at around 13, while our other candidates populate the top 30. But you can't buy cocktails with some abstract aggregate GDP numbers, we need cash baby... Credit Suisse’s *Global Wealth Report* found that the median wealth per adult in Australia was the highest in the world\* (depending on year) and also has one of highest rates of annual increased wealth per adult, with almost one in 10 Australian adults being considered a (USD) millionaire, a figure expected to increase by up to 70 percent in the coming years. + +**Future** + +Can the good times last you ask? While its true, this is all 'history' (everything is btw), our track record of avoiding economic crashes has been stellar to date, and of late because our economy is based on primary industry and China demands our dirt. That said, our fiscal policy is sound, and the economic playbook (such as it is) dictates we spend our way out of threats to aggregate demand. These two points (fiscal policy and primary industry) bring us to the main criticisms you'll hear regarding housing bubbles and a china centric cash flow etc. + +* Firstly, the EU, USA and Japan are also China centric, and outside of Germany (who getting cosier by the day with Russia who in turn is getting cosier by the day with China) the Japanese and American relationships with China are far worse than ours, outright sabre rattling, not to mention India and Taiwan. So really we are par for the course here. +* Secondly the 'hosing bubble'... if the last 30 years of fiscal management tell us anything, its that you need to clobber our nation with a combination of plague and fire to slow us down, biblical stuff. If our houses are expensive, its because we have money and the world is prepared to loan us more, which incidentally is a good sign. Do we over shoot? markets over and under react, thats what markets do. +* Thirdly, population ponzi's, its not a secret that developed nations have ageing populations. when womens education goes up, and you introduce light bulbs, birth rates go down. This isn't uniquely Australian. Take a look at lists of birth rates across OECD and you will see the same numbers, it distinguishes a mature economy, not disqualifies. +* Lastly, dropping educational standards. Go on QS rankings take a look at our Universities, look at the h-Index of the professors and come back with some metrics. The fact that exporting education is one of our primary incomes should trigger some alarm bells, we contribute world class intellectuals, that Terrance Tao and David Sinclair moved to America doesn't diminish us, its not like they moved to Chile or Uganda, we still have world class research institutes here. Of course it could be a conspiracy... Please link me some sweet youtube clips to look into bro. + +Its important to distinguish between absolute statements and comparative claims, if you are making a comparative claim.. then you need to *actually* compare. Identifying that the Australian economy isn't perfect isn't enough to convince me there are many, if any, places id prefer my capital, and our levels of debt mean in general the world agrees. According the WEF, the worlds *least* competitive countries have particularly *low* debt to GDP levels, and regards it as a negative signal, reflecting lenders lack of confidence towards governments and economies, which ultimately represents a hinderance to modern fiscal policy and innovation investment. + +&#x200B; + +https://preview.redd.it/7l2mrkrruyd81.png?width=650&format=png&auto=webp&s=8b625bf58e28faf53afe6ae01c7a7421bfc73ff6 +🚀🚀 ***Synopsis*** 🚀🚀 + +*Danakali (DNK.ASX) is a resource company focused on the development of the Colluli SOP Potash Project in Eritrea. Colluli is estimated to have the* ***world's largest*** *and* ***highest grade*** *SOP mine with* ***1.1Bt of ore reserves*** *and a* ***mine life of 200 years***\*. The Colluli project is a 50:50 joint venture between Danakali and Eritrean National Mining Corporation (ENAMCO).\* + + +*The resource is so large that it has the potential to feed billions of people, save millions of lives, and assure food security for generations to come. Essentially, the company that controls the Danakali Depression will significantly influence the future of premium global food production for the next 200 years. With this in mind, there is a* ***clear case for DNK to be taken over by any of the big majors*** *(more on this later).* + + +*Quick Video Overview:* [*https://www.youtube.com/watch?v=Bi\_36PaaSs4*](https://www.youtube.com/watch?v=Bi_36PaaSs4) + + +Quick Facts - 12th July + +Market Cap: $174 Million + +Share Price: $0.475 + +Shares on Issue: 367 Million + +Cash on Hand: $27.6 M (31st March 2021 and includes the $20M Cap Raise) + +Markets: ASX, LSE, OTC (a large number of shareholders in Frankfort) and ARDs + + +**Global Overview** 🌍 + +The [United Nations publication World Population Prospects 2012](https://population.un.org/wpp/Publications/Files/WPP2012_HIGHLIGHTS.pdf) predicts that the global population is expected to **rise from 7billion (2012) to 9.6 billion (2050)** and then to around 11 billion (2100). This rapid population growth will create **increasing pressure** on already **overburdened food production industries**. As the population rises and urban centres expand, the **amount of arable agricultural land will decrease** therefore requiring high yielding land. + + +Additionally, in many parts of the world, agricultural soils are gradually becoming **depleted of potassium**. After many years of intensive cropping and repeated nutrient removal during harvest, many **fields now require regular inputs of potassium fertiliser** to boost their productivity. + + +**Solution - Potash** 🥦🥬🍓🍆 + +To boost crop yields, farmers are beginning to employ the use of Potash fertilisers, a potassium substance used in agriculture to: + +* improve plant quality and growth +* regulate carbon dioxide uptake +* regulate water uptake and loss +* improve drought resistance +* improve resistance to pests and disease + + +MOP +Potassium Chloride (MOP) is the most abundant form of potash making it the most commonly used potassium fertiliser. It consists of 60% K2O and 47% Cl. It is particularly effective on carbohydrate crops such as wheat, grains, and soybeans. Critically though, Chloride can be harmful to some crops and detrimental in acidic soils. + +SOP +Potassium Sulphate (SOP) is the second major form of potash. It consists of 50% K2O and 17.5% S. It’s particularly effective in the **cultivation of high-value foods** such as fruits, vegetables, nuts and tea trees. SOP contains less than 1% chloride, but importantly contains sulphur which is a secondary macronutrient utilised for plant growth. In addition, SOP has a lower salinity index than MOP. The higher salinity of MOP can cause plants to have difficulty in absorbing water and nutrients from the soil. + + +**Enter the Colluli Project… the world's largest and highest grade SOP mine.** 😎💰 + +The Colluli Project is located in the Danakil Depression region of Southern Eritrea and is approximately 230km by road south-east of the Port of Massawa which is situated along one of the **busiest trade routes in the world** (Suez Canal). The Danakil Depression is an emerging potash province, which commences in Eritrea and extends south across the border into Ethiopia at deeper levels. Note the Colluli project only has jurisdiction in Eritrea. + + +&#x200B; + +&#x200B; + +[Eritrea location in Africa](https://preview.redd.it/xzbfjp2n2oa71.png?width=810&format=png&auto=webp&s=650fd0dcd6b67faf452484f8a0f3eac42dd72c18) + +[Colluli Project location in Eritrea with distances to ports](https://preview.redd.it/ldscol4p2oa71.png?width=1292&format=png&auto=webp&s=8d330df832714b829fafc8637435da63c52c3d0d) + + +Colluli is located **just 87km from a potential port export terminal** at Anfile Bay making Colluli the **closest global SOP deposit** to a coastline. Almost 95% of the population growth stated by the UN will occur in Africa, India and Southeast Asia with the Colluli project **capitalizing on the central and well-developed trade shipping route** close by. Danakali has already spent approx US$50M developing the project + + +&#x200B; + +[The world's closest SOP Potash mine to port facilities](https://preview.redd.it/e34u69ts2oa71.png?width=1295&format=png&auto=webp&s=7933f13471172c5eb3ec15417bd32beff7e53c13) + +With the engineering and construction plans complete, mining permits granted and being Sanctioned by the Eritrean Government, DNK is now **shovel ready** to begin development and commence operations in 2022. + + +**The Colluli Resource** 🗿 + +The Colluli resource comprises three potassium bearing salts in solid form; Sylvinite, Carnallite and Kainitite which are **quite rare in combination**. These are the required salts to create high yielding SOP and Potash Fertiliser products. + +[Colluli’s Ore Resource](https://www.danakali.com.au/the-colluli-project/the-colluli-resource-and-reserve) is estimated to be **1,100Mt @ 10.5% K2 O** for 203Mt of contained SOP equivalent providing a **mine life of 200 years**. Colluli has a **significant diversification of products** being SOP, SOP-M, MOP, Kieserite, Rock salts, Gypsums and Salts. This is the **only basin in the world** that allows for such high product diversity. + +Prior studies have indicated that Colluli SOP fertiliser would be at the **top of the quality spectrum**. Typical SOP contains \~94% potassium sulphate where through low-cost processing, Colluli can generate SOP with a purity of 98%. + + +[Highest quality SOP ](https://preview.redd.it/rhuxbsm03oa71.png?width=981&format=png&auto=webp&s=15dfc6167d5f9c63e8cfc2ff6b631a32daac3b80) + + +**Shallowest Mineralisation** ⛏ + +Colluli boasts the **shallowest known evaporite mineral deposit globally** at just **16m**. This depth poses advantages through **significantly reducing mining, logistical, capital and operating costs**. Other global Potash mines are: + +* UK: depth of 1500m with a CAPEX of US$7B +* Canada: depth of 1000+m with a CAPEX of US$4B +* Russia: depth of 500+m with a CAPEX of US$3-4B +* Colluli has a depth of 16m and an estimated startup CAPEX of just US$322M + +The Colluli mine will be an open-cut pit that provides **direct access** to each of the mineralised layers. This surface mining will allow for controlled extraction, stockpiling and processing of the different solid form salts. + + +&#x200B; + +[Mining extraction process. Note different mineral layers](https://preview.redd.it/t8jwvxe63oa71.png?width=1396&format=png&auto=webp&s=f365872c4d1bf88e7264d8130ded0b44a8c5f7e0) + + +**Modular Expansion** 📈 + +The Colluli project will adopt a modular development approach that delivers **low upfront development costs yet provides a high degree of scalability**. + +Module 1, which is expected to finish development in 2022, is expected to produce approximately 472ktpa of premium SOP. Module 2 will increase the total SOP production to 944ktpa. + +The Colluli project has adopted a modular approach for numerous reasons with the most obvious being CAPEX costs and determining the most efficient operating methods. Also due to SOPs lower market share in the Potash industry, the project doesn’t want to dislocate the current premium pricing by flooding the market with too much supply. They want to optimally match the supply with the growing demand (population growth and premium food demand). + +[Modular expansion phases 1-6](https://preview.redd.it/chr1heoj3oa71.png?width=1323&format=png&auto=webp&s=c17adc11cb415249184c15e1a5be355ddc76d604) + + +**Processing of Colluli’s Primary Production SOP Resources** + +Colluli is in a **unique position** of having **solid high-quality primary ore SOP inputs**, which **globally is rare**. A low-cost processing method has been developed that feeds the three main members (Sylvinite, Carnallite, Kainitite) into the processing plant from which the minerals Sylvite, Carnallite and Kainite are extracted and mixed to produce SOP. + +This unique mix allows for SOP to be produced at ambient temperatures using conventional flotation methods providing **positive impacts on processing yields**, **significantly reducing pond size requirements** and allowing for **lower energy inputs** relative to Kainite brine conversion. Additionally, highly favourable weather conditions within the Danakil Depression provide extremely high evaporation rates. + +The Colluli project has also developed a **pioneering** [**world-first processing design**](https://youtu.be/ZcumMcDJtTw) using filtered seawater which significantly reduces project development, operational, financial and market risks. + +The most common industry method (**50-60% of global supply**) for producing SOP is through the Mannheim process, which sees the reaction of MOP with sulphuric acid at high temperatures. The raw materials are poured into the centre of a muffle furnace heated to above 600ºC. SOP is produced, along with hydrochloric acid. The **Mannheim process is an extremely expensive** processing technique due to the high MOP purchase input costs. When thinking of the Colluli project… The basin, which is one of the hottest places on earth, has just been a Manheim process that's occurred naturally over 5 million years. + + +**Economics of Operations** 💵 + +[\*The estimated SOP composite sale price was set at a conservative US$569\/t. The financials don’t include the diverse products available for sale \(rock salts, Gypsum etc\). The financial metrics are for 100&#37; of the project where Danakali has 50&#37; ownership.](https://preview.redd.it/wye3jzar4oa71.png?width=702&format=png&auto=webp&s=54bc9b76e2e3535265f7e7265640e815bab70885) + + +**Capital Estimates** + +[Module 1 & 2 Capital Estimates](https://preview.redd.it/rju6vl7u4oa71.png?width=1404&format=png&auto=webp&s=d742ebf8319c75b27ad3349c1909ce108b16ca8e) + + +**Operating Cost Estimates** + +[Module 1 & 2 Operating Costs](https://preview.redd.it/4ybwwbcx4oa71.png?width=1157&format=png&auto=webp&s=66b40b51905b159f5f462c5c470ee218ccc6039c) + +[Low mine gate production costs](https://preview.redd.it/txs1e1wz4oa71.png?width=1720&format=png&auto=webp&s=6dda320f6ed2d0afe5447b143e30989cb9fd328f) + + +**Future SP predictions** 🚀🚀🚀 + +Based upon the completion of Module 1 the NPV share value would be approximately US$0.69. After the completion of Module 2, the share value would be approximately US$1.23. Remember that DNK has a 50% partnership with ENAMCO. Also, a **Discount Rate of 10 is considered conservative** within the industry. + +Note, DNK has the intention to **expand into Module 3, 4, 5** and **6**. Additionally, the above calculations **don’t include the sale of the other products** (Kieserite, salts, gypsum) which would have a significant impact on the revenues earned. Sale of these products is expected in Module + +* Kieserite: $120/t +* Rock Salt: $40/t +* Gypsum: $50/t +* Salt: $40/t + +With a relatively low CAPEX, low OPEX, mine life of 200 years and being in a premium pricing market, **DNK is a cash cow in the making**. + + +**SOP Pricing & Markets** + +Globally in 2017, the Potash market was worth US$8B with MOP equating for 80% of demand (70 mt/pa) and SOP just 10% (7 mt/pa). SOPs smaller market share is due to the premium foods that SOP services (fruits, nuts etc) have less food market size than the widespread carbohydrate agricultural industry (MOP). + +As has been previously mentioned, over half of SOPs production is produced through the Mannheim process which requires MOP as a core input. Recently, **MOP has seen a significant price spike** (Brazillian MOP reached US$600 p/t) due to rising global food prices (greater demand for food at home during the pandemic, disrupted food chains/rising oil prices, climate change and extreme weather damaging crops). Although SOP tends to lag behind MOP in prices due to the contractual nature of SOP deals, the **MOP price spike will soon cause a price spike of SOP due to input costs being higher.** + +[Brazil MOP Spot prices. Note price spike](https://preview.redd.it/qf8jloi45oa71.png?width=736&format=png&auto=webp&s=b576172debcfca64efc1c0d925cf16b43dff960b) + +Though the price of SOP often remains stable, historically the price of SOP has been US$200 above the price of MOP. It will be extremely interesting to see where the SOP price spike ends up in a few months time. + +The top potash producing countries per annum include: + +* Canada: 13.3 Million MT. World’s largest producer of Potash +* Belarus: 7 Million MT. +* Russia: 6.8 Million MT +* China: 5 Million MT. China accounts for approx. 20% of global potash consumption +* Germany: 3 Million MT +* Israel: 2 Million mT + + +**Capital Funding Requirements** + +The **only thing** holding the Colluli project back is the **required capital funding** for Module 1, being approx US$330M (including contingencies). Once operating, DNKs cash flows will pay for Module 2 and so on. + +Under Eritrean law, a maximum of US$280M debt is allowed for the project. + +Debt - required $280M + +DNK has **already reached a US$200M** debt agreement with two leading African institutions, Afreximbank and AFC, both highly reputable African institutions with extensive experience in providing financing to projects across the continent. **AFC is also a major shareholder** with 16.5% of the issued capital. Generally, banks don't buy equity into mining projects... AFCs holding is a **clear 3rd-party validation** to the **quality of the project** as they would have done a lot of due diligence. + +For the remaining US$80M, Institutions often like to see **works on the ground being completed,** which DNK have just begun, before committing final debt funding. It’s believed that this remaining US$80 of debt is currently being negotiated with both African and European Banks. + +Equity - $50M + +Colluli has also recently completed a capital raising of US$20M which has **funded the initial infrastructure** **requirements** (roads, workers camp, water facilities). These works are **currently underway** and an announcement is expected soon on their progress. It is believed that the final US$30M will be easy to raise as it’s the ‘last money in’. Once initial works are completed, the project will be significantly de-risked and essentially ready to begin facility development. + + +**Management team** 👨🏼‍🌾 + +Recently, Danakali has made changes to its board to **re-energize** the development of the project. + +This year Neils Wage left his CEO role at DNK. Neils was from the ‘big end of town’ having also worked from BHP where things move at an extremely slow pace. Neils clearly wasn’t the man to run a small-cap ASX listed company and also held no shares...a bad sign. + +Seamus Cornelius, a corporate lawyer and former partner of one of Australia’s leading law firms, was appointed Executive Chairman (he now also acts as CEO) for DNK. Seamus has been on the board of DNK since 2013 and his passion for the project is visibly evident through his interviews. He also **holds a significant amount of shares** in the company… a great sign! + + +**Eritrea Sovereign Risk** + +Whilst Colluli is a world-class project the most evident risk is the prospect of investing in Eritrea. Though the country has had a **significant turnaround** in recent years with the UN sanctions being lifted allowing other countries to freely engage in trade and finance and the conflict with Ethiopia being resolved 3 years ago. The sanctions were initially applied by the UN in 2009 after Eritrea was accused of backing militant groups in neighbouring countries. Eritrea always denied the accusations and when sanctions were lifted in late 2018, various press reports indicated that there had been no concrete proof that the Eritrean state had been involved in such activity. + +Ethiopia and Eritrea fought a brutal independence war that ended in Eritrea’s sovereignty in 1993. However, the last few years have seen an **improvement in relations** between the two countries with peace officially declared in July 2018. This triggered a softening of some of the tough conscription policies that were widely publicised and were seen as the key driver behind a significant number of asylum seekers leaving Eritrea. + +Eritrea is noted to have a **government** that **promotes principles of self-reliance**. Key economic drivers include mineral exports, agricultural output and infrastructure development. Eritrea was the only sub-Saharan African country to **meet its Millennium Development Goals** by 2015. Great emphasis is placed on the community as well as social outcomes, such as access to education, health, food and equitable access to services. Rapid diplomatic progress has been achieved in the Horn of Africa in 2018 and 2019. + +The government has set parameters for mining projects and has **aggressively pursued foreign investment**. The Eritrean mining code is based on Western Australia’s long-established code, and as a result is easy to follow, without the hurdles which often cause delays in less established mining jurisdictions. To date, the Eritrean Government has been **strongly supportive of all the mining projects** in the country with no issues in permitting or license tenure. There are currently two operational mines in Eritrea, the Bisha copper-gold-zinc mine and the Zara gold mine, both 60% owned and operated by Chinese groups + + +**Offtake Agreements** 🤝 + +Colluli has **already signed** a binding take-or-pay offtake agreement with EuroChem, Europe’s leading mineral fertiliser producer. EuroChem has agreed to purchase, market and distribute up to **100% of Colluli’s SOP production** for the **first 10 years of operations** with the ability to extend the agreement for a further 3 years afterwards. Colluli has the option to retain and sell up to 13% of its products through alternative sales channels. + +EuroChem, which is headquartered in Switzerland, achieved revenues of US$6.2 B in 2020 placing it within the world top-5 producers of nitrogen, phosphate, potash and complex fertilizers. EuroChem is 90% owned by Andrey Melnichenko, the 95th wealthiest person in the world (7th in Russia). + + +**Share Price History & Trends** + +DNK was first listed on the ASX in 2003 for $0.20 under the name South Boulder Mines. The early years of DNK saw the share price slug along until in 2010 the company acquired the Colluli project and saw Sprott Asset Management contribute significant funds to the company. + +In 2011 and 2012, DNKs share price significantly rose from **$0.10 to $6.25** (**over 6,000%**) in a matter of months off the back of BHPs US$40B take-over bid for Canada’s Potash Corp. Though the bid was eventually denied by the Canadian government, it set off a **flurry of investments into the potash industry** hence DNKs price spike. + +Realising the significance of the Colluli asset, the Eritrean government re-negotiated their agreement with DNK and agreed upon a 50:50 joint venture. At the time the market reacted to the change of ownership and the share price drifted lower. + +In recent years the share price has been trading somewhat sideways as JPMorgan, which invested $10 Million into DNK, had to close their resource fund due to restrictions placed by the American government over ‘spoofing’ trades in the precious metal markets. This sell-off has acted as a **handbrake** on DNKs share price and as of this year, the remaining JPMorgan parcel was sold off. + +With the hand brakes off the share price and the project's initial development just beginning things are **starting to look exciting for shareholders.** + + +**Take-Over potential** 🙌🏽💎🚀🚀 + +Given the **monumental size** and **future cash flows** of the Colluli project, there is a **strong possibility of DNK being taken over by a large multinational company in the near-term future.** Throughout history, the largest and best in class assets across the globe eventually become owned by major companies. + +So why hasn’t a take-over bid occurred yet? Simply put, the larger companies have been watching the progress of the project from the sidelines all the while expecting DNK to fail so they could acquire the project more cheaply. Given the recent commitments from Afreximbank and AFC for capital funding, this is **obviously not going to occur**. With so much interest surrounding the Colluli project, a **bidding war** is likely to eventuate with **only the highest price offered being accepted**. As soon as the first take-over offer is provided, it will be a frenzy for other parties offering bids as they don’t want to miss out on such a valuable asset. + +[The potential takeover company list includes:](https://10baggerclub.com/reports/2021/0501/) + +* Sabic: Massive state-owned Saudi Arabian chemical manufacturing company +* Yara Fertiliser: Owns a Potash project in neighbouring Ethiopia, which isn’t as economically viable due to the resources being deeper in the ground. +* Eurochem: DNKs offtake partner +* Nutrien: Canada’s largest potash company +* Mosaic: Canada second-largest potash company +* BHP: Purchased Canada’s Jansen Potash Project for US$7.5 B +* K+S: Europe’s largest supplier of potash +* Gazprom: Already have a joint venture with ENAMCO on another project +* Nestle: World's largest food company +* Qinqhai Salt Lake Industry: China’s largest potash producer +* Itochu: Japanese global fertiliser, foods and materials trading firm +* Africa Finance Corp: DNK largest shareholder at 16.5% + +Considering that the Colluli project is in a league of its own, the **question of a take-over is more not if**… **but** **when** **and** **for how much**. Though DNK can get into operation, think of this play much like EXR. + + +**UN Report on Impact of DNK Potash** + +In 2019, the United Nations initiated [an independent report](https://www.danakali.com.au/images/stories/UNDP-Report-on-Colluli.pdf) on the potential contributions that the Colluli project could have on Eritrea’s Sustainable Development Goals. + +The report concluded that the Colluli project provided 5 key factors that significantly contributed to the achievement of **13 of the 17 Sustainable Development Goals.** + +Danakali also has an [extensive ESG framework](https://www.danakali.com.au/the-colluli-project/sustainability) for the Colluli project. + + +**Resources:** + +* [**HotCopper Forum**](https://hotcopper.com.au/asx/dnk/) **(Cycle through the threads and find posts by Phuket Guy)** +* [Danakali 2019 Investor Pack](https://www.danakali.com.au/images/Investor_Pack_2019.pdf) +* [Danakali at a Glance ](https://www.danakali.com.au/our-business/about-danakali-limited) +* [Danakali’s Youtube Channel](https://www.youtube.com/channel/UChGKN4-M4lOvPKxs9b-IJvw/videos) +* [Proactive Interview ](https://youtu.be/P1o-xmHmWik) +* [Small Caps Interview](https://youtu.be/aAd3JlNPZQ8) (Note this is the old CEO who has now left) +* [Explorers Podcast Interview](https://podcasts.apple.com/au/podcast/the-explorers-podcast-with-barry-fitzgerald/id1468819674?i=1000488994550) (Note this is the old CEO who has now left) +* [Stockhead Potash Rallying Prices Interview](https://stockhead.com.au/stockhead-tv/potash-rallying-prices-market-potential-expanded-applications/) +* [BHP Potash Presentation](https://www.youtube.com/watch?v=funGZzVqx6Y&t=10s) +* [Bloomberg Potash Price Rally](https://www.bloomberg.com/news/articles/2020-12-09/a-huge-rally-in-food-prices-is-stoking-record-fertilizer-demand) +* [2017 Ringler Research Danakali Price Report](https://www.mynewsdesk.com/de/ringler-consulting-and-research-gmbh/documents/ringler-research-danakali-eng-26-punkt-06-punkt-2017-68528) + +&#x200B; + +None of this is financial advice! Do Your Own Research + +&#x200B; + +Shoutout to all those that assisted with this summary including some T20 holders! 🚀💎⛏ +### I fired at 45, 2 years ago. + +So far its been a bit of a ride. Last year I was a little worried with covid we might see a massive economic slump. However, for me, there was only a little blip and the market continued its rather insane upward trend. I just \[this week\] hit the 2 Million net worth mark. This feels weird as I have done absolutely nothing “work” wise since retirement. It feels a bit “unearned”. I made a couple of stock moves which have proved to me that I am NOT a stock picking wizard. I had more profit than loss but not something I want to bet my future on. Back to index funds! + +In the last year my expenses were about 32k, a good chunk of that was because I payed my property taxes for this year “early” for a better tax deduction. This year may end up about the same or a bit more given I have some car / home repair things that need to be done. I have actually not even touched my investments yet and have been living off of what was in my savings account. If anyone has any pointers for a making a draw down strategy I would be interested in looking them over. Currently about ¼ of my funds are in retirement - “don't touch until your 60” accounts. They have some time to grow before I need them. + +In the last year things have not changed that much for me. I did manage to get the Moderna shots so I am now vaccinated. The second one was a bit rough but it gives some peace of mind. I was able to visit with family because they were also vaccinated. The faster people get their shots the sooner we get through this mess. I would love to be able to go back to the theaters and restaurants regularly but I’m not quite ready yet. + +Health is still a thing I need to work harder at. I have kind of stalled out on weight loss and am not eating as well as I should. However I am still in a much better place than when I was working the 8-5 job. Health insurance is still not ideal as the ACA wants you the predict the future in regards to cost. My income is directly related to what I spend. My gains are only “real” once they are “realized” and I will only withdraw them when I need them.. + +One thing I have noticed is that my credit score seems to be dropping a bit. I haven't missed any payments or anything but I guess not having a regular income shows up somehow. It should not really matter but I do find it a bit annoying. + +So over all, year two of FIRE has been ok. The world went a bit crazy with covid and politics but I have managed to avoid the worst of it and "FIRE" status has been incredibly helpful. Onward to year three! +I like to day trade options and I currently practicing paper-trading on SPY options but my issue is selling too early. I would make some profit but then would sell too early and make like 30% profit on the trade vs 100%+ if I just let it run. What are your techniques and indicators that make you stay on the trade for higher rewards?And if you made the same mistakes, what are your solutions that made you overcome this hurdle? +Why has Bitcoin septupled in only half a year? Because if it works as promised, it's decentralized and free of the meddling of any government, especially our own government. Notice the financiers all hate it. JP Morgan CEO Jamie Dimon called it a "fraud," and all of the media repeated it. Bitcoin's value skyrocketed after that. + +It's because the entire corporate media was unanimous about invading Iraq even though it was based on a lie. That can't be understated - the government knowing and willingly lied to everyone. It wasn't a "strategical blunder." Thousands of Americans died, millions of Iraqis dead, leaving it wide open to the worst extremist groups imaginable. Hundreds of thousands of Iraqi children are being born with defects because of the leftovers of our weapons. No prosecutions, no arrests, no one is punished, nothing changes. We're still at war with even more countries now, and we would be at war with more if not for the protests of citizens. + +It's because we now know that Saudi Arabia was involved in 9/11, and because the US govt flew out Saudi royalty right after the attacks, and because that country is our "ally" even though they finance Islamic terrorism and have horrendous human rights records. While we're having our own Crucible going on about sexual harassment, Saudi Arabia which treats woman like second class citizens is just okie dokie with us. + +http://www.cnn.com/2016/09/09/politics/house-9-11-sue-saudi-arabia/ + +It's because financial institutions and banks, who receive billions of taxpayer dollars from the Fed for free and then get to turn around and loan it out to people at interest before inflation has devalued one cent of it, while we are trillions in debt, who deliberately defrauded MILLIONS of hardworking people out of their pensions, got slapped with fines the equivalent of a traffic fine compared to how much money they make. No prosecutions, nothing happened, nothing changed, and now members of the government during that time are right back working for Wall Street as consultants. While savings accounts pay less than 1% annual return. + +It's because corporations who enjoy record profits have all the power pay hardly anything in taxes and stash all their profits overseas, while the life of the average working American gets shittier and shittier. + +It's because grads with student loans were preyed upon with high interest loans because the government let them, and because public university raised their tuition to extortionate higts because the government let them, and sold a bill of goods about how everyone needs a college education only to enter the worst job market in generations with debt so high just to get a B.A. you'd think they just finished medical school. and its one of the only if not the only types of debts that wont go away with declaring bankruptcy, interestingly enough. + +It's because while the GOP is trying to push through a tax bill that's going to cheat even more Americans out of their wealth, including teachers deducting classroom supplies that they have to buy themselves because public budgets already dont pay for it, all the "liberal" media can talk about is some BS conspiracy theory about Russia that is shown again and again to be [completely baseless](https://theintercept.com/2017/12/09/the-u-s-media-yesterday-suffered-its-most-humiliating-debacle-in-ages-now-refuses-all-transparency-over-what-happened/), and polls have shown that only 6% of Americans consider it a top priority, yet thats all you see on the news every single day. + +It's because our government of our so-called free country decided that they can decide what substances people can put in their bodies, and therefore created the largest gulag state known to man, where we imprison more people per capita than any other country in the world - more than China, more than Russia, more than North Korea - with 4.4% of the world's population we imprison 22% of the world's prisoners. Nearly one out of 100 Americans are behind bars at any given time. + +It's because the only politician in our lifetimes that actually seems like he gives a crap about people and not just money was betrayed, cheated and railroaded by our own "liberal" media and our own "liberal" political party, and those who supported him were bullied and manipulated and lied to and insulted and discredited, and are still are, and no one seems to care. + +It's because we're supposed to praise the gods for having been delivered crappy, byzantine and overpriced insurance, because even though we're the wealthiest country in the world, and even though the vast majority of voters want single-payer, both political parties have infinite numbers of reasons and excuses of why we can never have that. + +yeah...go bitcoin... +So much about FI/RE seems to be about creating a better future for ourselves & our families, anticipating issues that could come up years down the road, and taking action today to make those issues minor bumps in the road if/when they actually come to pass. + +What specifically, if anything, scares you the most about your post FI/RE life? How are you planning for it today? + +For me, it's medical issues. I'm currently single & self-employed, so I'm settling for meh insurance on the exchange, but it doesn't feel like a sustainable solution. I exercise \~5 days per week and eat well, but I know it's just a matter of time until my body starts to fall apart, and I'm hoping to find a spouse with employer-provided health insurance before then, but that's kind of a crap shoot, and that scares the hell out of me. You? +I'm posting this here because the scammers who reached out to me said they did so after seeing a comment i made on this sub, so i know they are lurking here and probably attempting to prey on others here. + +The last few days I've been getting unsolicited PM requests. This started right after a comment i made on a post in this sub, and one even said they had seen my comment. They are obvious scammers, complete with broken english sentences vaguely talking about some business opportunities. Be aware that it is out there and stay vigilant. i know 99% of the people here are smart enough to not get scammed, but they play a numbers game and enough people must be falling for it that they are hitting up users in this sub more often. +So I moved to another state forgot to cancel my gym membership, they require me to be in person and talk to the owner to cancel membership. + +Don't remember the fine print of the terms but the membership is on auto payment to my debt card, could I just block payments via my bank? Would this escalate to credit report? +Not affiliated in any way other than a fan of the project and member of the community. But all of you crying about what GameStop is doing are missing the big picture. This is all being built and it’s close. Own your own assets. +TA;DR (Too Ape; Didn't Read): How do y'all want us to tell MSM to fuck off? + +\---------------------- + +Holy shit! [We asked, and YOU responded.](https://www.reddit.com/r/Superstonk/comments/r8tyri/codename_sock_mod_team_was_approached_by_several/) That was A LOT of feedback and it was cool as fuck to see it all unfold in real time. It was so refreshing to see us all united against the MSM 😂 But yea, we mods took your responses and feedback and these were the prevailing suggestions amongst the Apes. + +Just so everyone's aware of what you're voting for, this video is pretty much what we are telling MSM in ALL of these poll options 😂: + +[credit: u\/kzoxp](https://reddit.com/link/r9q8n3/video/9bq4zgk1ks381/player) + +# So now it's time to choose which specific response you'd like to go with. Bear in mind, once you vote, YOU CANNOT CHANGE IT. So choose deliberately. + +# OPTIONS + +Poll Option 1: We ghost them. No response at all. + +Poll Option 2: We send them just a link to this meme: [https://www.reddit.com/r/Superstonk/comments/r8xy56/in\_the\_words\_of\_mark\_baum/](https://www.reddit.com/r/Superstonk/comments/r8xy56/in_the_words_of_mark_baum/) + +Poll Option 3: We send them just a link to the DD library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +Poll Option 4: We send them JUST a link to the [meme](https://www.reddit.com/r/Superstonk/comments/r8xy56/in_the_words_of_mark_baum/) AND the [DD library](https://fliphtml5.com/bookcase/kosyg). No flowery message included. + +Poll Option 5: We send them this exact message --- “Thank you for contacting r/Superstonk. While we understand your request to speak with the community/moderators would make your job easier, we would encourage you to do some investigative journalism. Our official response is read the [Due Diligence](https://fliphtml5.com/bookcase/kosyg) and [please fuck off](https://www.reddit.com/r/Superstonk/comments/r8xy56/in_the_words_of_mark_baum/).” + +[View Poll](https://www.reddit.com/poll/r9q8n3) +So what do you want to know? + +I'm 47 years old and live and work in Amherst, Massachusetts with my wife, two kids and assorted pets. + +I was born in Melbourne, Australia as "Gavin Bell" but moved to the US when I was five years old. I grew up in Seattle Washington, Anchorage Alaska and the Santa Ynez Valley, California. + +After graduating from Princeton University (Computer Science), I worked at Silicon Graphics Computer Systems for eight years, creating 3D graphics software (Open Inventor and VRML). + +My wife and I moved to Madison, Wisconsin after she got her PhD from Stanford. There I [wrote a book](http://www.amazon.com/The-Annotated-VRML-Reference-Manual/dp/0201419742) and co-founded a startup that failed. We moved to Amherst in 1998, where I worked on an [Internet Walkie-Talkie](http://en.wikipedia.org/wiki/Roger_Wilco_(software)), [online games for blind and sighted people](http://allinplay.com/), tools for [Prosper](https://www.prosper.com/) lenders, a web site content management system for [Gravity Switch](http://www.gravityswitch.com/), and part of the back-end for a [search engine for computer science research literature](http://rexa.info/about). + +Phew. That long list makes me feel old. + +I first heard about Bitcoin in a May, 2010 [InfoWorld article,](http://www.infoworld.com/article/2627013/open-source-software/open-source-innovation-on-the-cutting-edge.html?page=3) and started working on Bitcoin-related projects soon after. I'm proud of my contributions: + +* I gave away over 10,000 bitcoins through the Bitcoin Faucet +* I created the first alt-coin, the Bitcoin Testnet +* I've [added 62,000 and removed 76,000 lines of code](https://github.com/bitcoin/bitcoin/graphs/contributors) from Bitcoin Core (I like to simplify) +* I've written nine [BIPS](https://github.com/bitcoin/bips), including multi-signature transaction support and the Payment Protocol + +You can read about what I've been working on recently at the [Foundation blog](https://bitcoinfoundation.org/category/chief-scientist/). + +I try not to let Bitcoin completely take over my life; I spend about eleven evenings a year as an elected member of [Amherst Town Meeting](http://www.amherstma.gov/tm). And I still have some time to ride my bicycle or unicycle, use my skeptical skills to debunk the crazy things friends post on Facebook, and read a little science fiction. + +You can get an idea of topics I find interesting and how I think at [my blog](http://gavinthink.blogspot.com/). + +So: AMA! + +--- +Thanks everybody for all the kind words! I'm going to stop now, but I'll check in tomorrow and if there are burning questions that get eleven or more points that I haven't already answered I'll try to jump in and answer them. + +I'm one of the few that slips between the cracks of not poor enough to receive help but not rich enough to pay for it. + +The problem with ACA is single fathers like me who pay in full for their children to live at their mothers and pay to live at dads can't freaking afford ACA with my income. + +I have looked at the requirements for exemption and none apply to me. I can't seem to find any special requests for exemption. + +I'm in debt 30,000$ for fighting custody of my boy. I have already cut my expenses to the very bare minimum and I still can't afford more then 25$ a month to pay off the 30,000$ loan but I'm expected to dish out an extra 275$ a month. + +My budget is so beyond tight that if I go over 5$ on any of my budgets I'm in the red. I don't even have budgets for things like car repairs or if I need new tires because I can't afford to budget shit like that. + +I'm so beyond stressed out and feel betrayed as someone who is a huge supporter of ACA watching it come back to fuck me up. + +I'm ranting because I seriously don't know how I'm going to get through this year let alone the next. + + +----------------------------------------------------------------- +Edit: #1 + +I can't move closer to my job my son lives and goes to school in this city. + +As of right now I cannot have a roommate or find a small apartment because I am going through a custody battle and being evaluated. + +I don't have Netflix or any other service like that to be cut. + +200$a month is car gas not heating gas. + +Yes I can quit my brewing job for a construction job, I'll make about the same amount of money with twice the hours. + +A lot of assumptions are being made about my living situation. Assumptions some of my family doesn't even know but reddit seems to know. + +------------------------------------------------------------------ + +EDIT #2-You know this started out as a nice conversation with very helpful people giving me good ideas on how to save and or make more money. Its has turned into a nasty one filled with hurtful comments and idiots that apparently know more about my living situation then I do. I seriously would never assume so much about something I could never know. Im going to stop responding to most comments. I really do appreciate those who did help, I think I may have found a way to make an extra 200$ a month by a helpful suggestion. + + +Also I did not vote for Obama or for Mitt for that matter. Not sure why this has to be political. Im also not sure why the ACA is apparently my fault. + +-------------------------------------------------------------------- + +Edit #3- Jesus Christ some of you are crazy, I had no idea reddit was like this. There have been two very generous offers to buy my son a gift for his birthday and another to pay my insurance for an entire year. The other lot of you just keep spouting terrible things. + +Just some clarification about my rent. Rent is 850$ a month I say just over 900 because water, sewer and garbage is tacked onto rent every month. + +------------------------------------------------------------------- + +Edit#4- My budget, sorry should have posted this a long time ago: + +I have 1900$ to spend every month after child support and taxes. + +940$-Rent + +150$-Car Payment + +175$-Food for 2 + + +75$-phone and Internet + + +75$-electricity + + +200$-Car gas + + +10$-entertainment (I usually take my son to Wunderland once a month with this money) + + +10$-clothes + + +10$-pets + + +75$-unpaid medical bills + + +45$-shopping (paper towels, soap, anything that needs replaced like dishes etc.) + + +20$-Eating out + + +70$-insurance + + +This usually leaves 45$ for when I make a mistake and go over on my budget and or something comes up like buying a present for my sons birthday this month. + +------------------------------------------------------------------- + +Edit #5- There seems to be a lot for confusion about the child custody battle. I can't simply loose or give up the custody battle to save money and if anyone here were in my situation you would never mention such a thing and here's why. + +I was raised a Jehovahs Witness and married young as all Jw's do. When my son was in his mothers womb I realized I was in a cult and stop going so my wife left me for this reason. The Jw's follow extreme doctrines like a harsh shunning policy so there members do not associate with people out side the cult even if its your family. I haven't spoken to any of my family thats still left in the church (4 members left with me) for over 5 years. My own sister being one of them, my wife all my grandpas and grandmas, aunts, uncles, niece and nephews and all my friends from growing up have completely cut off all contact with me. + +If you have ever experienced loss on that scale you would understand why there isn't anything I would not do to save my son from being indoctrinated into that bullshit and in turn shunning his daddy. I cannon't afford to loose anyone else, especially my son. So please stop making those comments. + +------------------------------------------------------------------ + +Edit #6- Since when does not being able to afford insurance mean that my son should be removed from my custody? He is well fed and clothed, I provide everything he needs not his mother. Who by the way makes around 12K a year so by some of reddit's logic I should win simply because I have more money. I can afford everything my son needs I just can't afford fucking insurance which puts me in the same boat as 40 million other fucking Americans before ACA. Really? take my son away because I only make 40K a year? Fuck you. + +----------------------------------------------------------------- + +Edit #7- Thanks for everyones support. I seriously had no idea this was going to blow up like it did, I was just ranting this morning looking for a way to afford the ACA after finding out the penalties while doing my taxes. Had no idea I would be spending all day responding to comments. + + +A lot of you not much better off then I am have offered kind words and support. This especially means a lot when it comes to the custody battle for my son. Ill be thinking of what you said when going to trial. Edit #6 was blunt I know, but geezus christ reddit. + +---------------------------------------------------------------- + +Edit #8- Look for a update sometime next week. That is all. +Hi, I’m sure there are some other posts that probably do a great job recommending books, but I couldn’t find them in my search here. + +I’m almost 100% brand new to real estate investing and want to hear your alls recommendations on the best books / articles to learn from! + +I really don’t care at all for “Motivation” books, which seem to be most of the Real Estate books I’ve seen recently on Amazons best seller list... + +Would love to hear your alls recommendations! + +Thanks! +So I am looking into buying my first investment property. The SF units I am looking are around $200K more or less, they are ~1500 sq ft 3 bedrooms 2 bathrooms. Now, houses with the same dimensions as these ones go for no more than $1400 a month in rent. This is Northwest Arkansas. + +My question is: should I even consider going into this kind of investment property even thought I am not close to the 1% Rule or should I look into other parts of the country that I am not familiar with but I can find a deal that 1% Rule applies. + +Thanks. +I’m trying to do some calculations but I don’t know how much repairs costs. For example, the only repair I had in the last year in my apartment that I rent was a $150 exterminator for the whole year (I rent the place for $4300) I’m wondering if I should calculate that it costs 15%, 20%, 25%, etc? +Hello, to give some backstory to how I was initially hacked here is a post I made that somehow ended up being top post on this sub: [https://www.reddit.com/r/CryptoCurrency/comments/8pyha5/my\_binance\_account\_with\_50k\_has\_been\_hacked/](https://www.reddit.com/r/CryptoCurrency/comments/8pyha5/my_binance_account_with_50k_has_been_hacked/) + +Since this happened I have had a very long month of speaking with Microsoft support everyday to try and retrieve my hacked email and they finally came to a conclusion. They told me to submit X information and I did, after waiting a month for a response they have said they fully acknowledge I am the account owner but with any Hotmail account that has had fraudulent activity on it what they do is indefinitely suspend the account and cannot give me access back to it. In turn I have lost a lot more then this Binance account, but almost my whole career unfortunately. But sticking to the topic of Binance they will not allow me to regain access unless I send the support ticket through the email associated with the account which is literally impossible as it has been suspended forever and no one can access it. I have the phone number, the google authenticator, the 2 step verification photos on the account are me, and prior to being locked out of the account I was instructed by a member of the Binance team named Jager to submit a photo of myself with my passport and a note that says "Please change my email to Be\*\*\*\*\*@gmail.com" which I did. So I have undeniable proof that I am the owner of this Binance account but they need the ticket to be submitted from the email associated with the account and Microsoft will not give anyone access to the email and has suspended it forever making this impossible. I am in the process of suing my phone provider Rogers which caused this whole problem in the first place and they have claimed full responsibility for what has happened. We are moving forward with the case very soon, so at least there is still some hope. + +What to take from this: Don't use Hotmail +I live in a HCOL area and started my working career in tech as a program manager. In my mid 20's, I left that corporate job to sell residential real estate because I thought this was my purpose and would give me fulfillment. I loved the idea of being my own boss, helping people, and having the potential for unlimited income. + +Now I'm entering my 30's and I am disillusioned - with the industry, sales as a whole (lead generation, prospecting, lead nurturing, marketing, contract negotiations, etc) and I do not enjoy this anymore. I have to hustle at the expense of my mental health. My clients expect me to be responsive 24/7. Most of the time I'm unhappy doing this work, but I get the job done and do a great job. My clients give me great reviews and referrals. + +Where I get stuck is... I make multiple six figures but my stress and anxiety are VERY high, there's the pressure to keep performing and selling at my office. I think about work 24/7, I cannot shut it off even when I'm on vacation. Sometimes I cannot sleep because I'm worried about not hitting my sales numbers. Sometimes my clients are difficult to work with and they stress me out. + +Because of my mental health, I think about going back to corporate tech and getting something that's less chaotic and more even keeled. I'm just tired of this roller coaster. + +But I think my starting salary would be \~$130k and I think it'd take me maybe 5-7 years to get back to multiple six figures again. Not to mention I'd lose the freedom to be my own boss and to not have to deal with office politics. Also I'd have to figure out how to learn more valuable skills but nothing in the tech industry seems super interesting for me to commit to learning/getting really good at them. Although I am a very fast learner and adaptable. + +So now I'm faced with 2 choices:(1) I go back to tech, take a big hit to my income, go back on the hamster wheel or corporate life, lose my flexibility to take time off, go back to having to answer to a boss, and delay my plans by 5+ years for fatFI.(2) I suck it up for another 5 years and make as much money as I can, sacrifice my life, my mental health and free time, feel completely stressed out and anxious all the time. + +Has anyone had this experience? What would you do? How did it all work out for you? + +**TLDR: Would you stay at an opportunity that allows you to make unlimited income but you're unhappy 95% of the time, don't enjoy the work (you're bored, not challenged or growing anymore), and have to sacrifice your mental health?** +Title. For context: I’m 24 years old, have a bachelors in biology (recent grad), live in HCOL area, and make about $54k annually as a lab manager + +Of course, how you spend your money influences how much you can save. But at the same time, you can only save so much if you don’t make a lot of money. + + +What advice do you have to someone in a position like mine who wants make serious money in the next 5-10 years? Should I try for a masters? How do I join the 6 figure club so that maybe one day I can get out of this renters trap and can retire someday? +I’m sorry if this has been asked before but I started a new job and I’m being offered a 5% match from my company so I’ll be putting 10% which translates to 15% per pay period. Now it’s not a regular 401k (maybe) it’s a TPS (Thrift Savings Plan). Their funds are by letters & I’m getting really confused. I’ve watched videos and somehow still can’t get it. Can someone explain to me if those two are the same? Should I put it in a target fund (L fund) and just contribute monthly? + +This is my first job doing this and I’m very confused, any help is appreciated. +Hi All, + +There are a few ideas that I'd like to trial for online companies. I'm not planning on paying myself a large salary (if any) from these ventures, and most of the money would stay within the companies to help them grow. + +I'm a resident in Sweden, but it is not a very friendly country for starting a business. Since the business will be primarily online, I was thinking that it might be more intelligent to start the company in another country. + +Looking at CIT within the EU, it seems that Hungary would be an obvious choice, but I'm not sure what I might be missing. [https://taxfoundation.org/corporate-tax-rates-europe-2019/](https://taxfoundation.org/corporate-tax-rates-europe-2019/) + + +Some of my questions surround the specifics of operations occurring in different countries and what that means for taxation. IE if there is labor coming from Sweden (me) that I am doing for free, or even products that I am packaging and shipping then can the company still be located outside of Sweden? Is there anything illegal about this? It seems like all the larger companies are doing this, so I'm not sure why I shouldn't. + +Is anyone else in this same situation? Would love to chat with someone about this. +Hello everyone, + +I am using DEGIRO and I want to find a good S&P 500 ETF to invest monthly, side by side with my stock picks. + +I have found this one IE00B5BMR087 and this one IE00B3XXRP09 + +Which is one the "best", if such thing as best exists. + +Also what should I read in order to educate me on the matter of ETFs? + +Thanks a lot! +Hi guys (x-posting from /r/personalfinance), + +Sorry in advance for the long-post, here's a TL;DR: + +Bulgarian mid-20s, + +* 100k EUR available today + 70k EUR to invest each year (roughly \~6k/month) +* Need advice / tips on: how/where to get started +* Goal is 1 million EUR in 10 years then I will re-evaluate (maybe move part of it into real-estate to diversify until retirement) +* I can tolerate risk +* What about US withholding tax and things like that for BG resident? + +&#x200B; + +Now the full post: + +I need some guidance / help / tips to start my journey into investment. I'm super new in the investment world, but I'm eager to learn and get started! :) + +Long story short, over the past few years i've been saving (a lot) but my casg is sitting in the bank doing nothing. I've been thinking about doing something with my capital but I was always afraid / procrastinating too much... But I finally decided to take action and invest my money. + +I'm a Bulgarian dude in his mid 20s, my current capital is about 100,000 EUR. + +Each month I am able to save 6,000 EUR, so each year I could invest 70k more. + +&#x200B; + +I came across some compound interest calculator and it's crazy to know that, If I put down 100k + 7k every month (and reinvest my interest), I can easily reach 1,000,000 EUR in 10 years (with 7% interest), is that realistic? + +[https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php](https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php) + +This is kinda my goal now, having a million in 10 years. + +&#x200B; + +Over the past few days I started a portfolio with my Revolut account. I've invested 5k into some US stocks. This specific stock pays dividend as well (about 7-8% yield). + +&#x200B; + +I've been reading website/blogs and a bit of reddit about investment and came across P2P investment/lending. Some platform promises 10% to 15% interests, is it too good to be true? (or 21% on crowdestor). I've seen blog posts where people post their p2p portfolio and things like that. + +Seems like most of the platform have "BuyBack Guarantee" meaning that I might not make money if the loan default (or just the interest paid until the default) but I will at least get my original money back right? (please correct me if i'm wrong) + +I work as a freelancer here in BG, I have my own company (ltd). Should I invest through my company or as a private person? i'm asking because on Grupeer you can sign-up as a legal entity, and maybe it makes more sense tax wise? + +&#x200B; + +What about the ETF bubble? I've seen several documentaries about BlackRock, seems attractive but quite scary. What happens if there's a crisis or recession? Some people say its not probably because the ETF is diversified but some other call it a bubble... + +I got many more questions about ETH, iShares, Vanguard index fund, US-BG tax, stock funds, US bonds, EU bonds etc... + +&#x200B; + +Since I don't have an investment background and i'm quite new to all of this I am also considering giving my capital to an investment fund or something similar so they can make the best decision to achieve my goals (and of course they take a fee). + +Anyway, if you've made it this far, thanks so much for reading all the way down! Sorry for the messy post... + +Any help is welcome, comments, critiques, advice, I will take it all! :) + +Cheers. + +Para +I'm in my mid 20s and I live in Germany. My employer asked me if I want to contribute to the employee-funded pension scheme through a deferred compensation model (Entgeltumwandlung). + +The maximum that can be contributed annually is €6.816 (€568 monthly) and it is free of taxation, which is 8% of the Social Security Contribution Ceiling of the pension insurance. Moreover, up to 4% of the social security ceiling (€3.408 annually, €284 monthly) is free of the social security contributions. + +The reasons why I am hesitant are that: + +\- I am likely to move from Germany in the next few years (probably out of the EU). + +\- I would rather save and then invest money on my own instead of depending on a government which is probably going to fuck me over royally given the ever-increasing proportion of elderly people. + +\- Frankly, I did a bit of research, but I am still not sure how it works. +The penalty is Beijing’s toughest action to date in its campaign to tighten supervision of the country’s internet Goliaths. + +Beijing’s market watchdog began investigating Alibaba in December for potential antitrust violations including preventing merchants from selling their goods on other shopping platforms. On Saturday, the regulator said its investigation had concluded that Alibaba had hindered competition in online retail in China, affected innovation in the internet economy and harmed consumers’ interests. + +Alibaba said in a statement that it would accept the penalty “sincerely” and would strengthen its internal systems “to better carry out its social responsibilities.” + +Skepticism about the clout of large internet companies has been on the rise in the United States and Europe, too. Western regulators have repeatedly fined Goliaths such as Google in recent years for various antitrust violations. But such penalties generally have not changed the nature of the companies’ businesses enough to mitigate concerns about their power. + +Source: +New York Times: https://www.nytimes.com/2021/04/09/technology/china-alibaba-monopoly-fine.html + +Wallstreet Journal: https://www.wsj.com/articles/alibaba-hit-with-record-2-8-billion-antitrust-fine-by-chinas-market-regulator-11618018830 +Weeks before Didi Global Inc. DIDI -22.73% went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. + +But for Didi, waiting would be problematic. In the absence of an outright order to halt the IPO, it went ahead. + +The company, facing investor pressure to list after raising billions of dollars from prominent venture capitalists, wrapped up its pre-offering “roadshow” in a matter of days in June—much shorter than typical investor pitches made by Chinese firms. The listing on the New York Stock Exchange raised about $4.4 billion, making it the biggest stock sale for a Chinese company since Alibaba Group Holding Ltd. BABA -2.27% ’s IPO in 2014. + +Back in Beijing, officials, especially those at the Cyberspace Administration of China, remained wary of the ride-hailing company’s troves of data potentially falling into foreign hands as a result of greater public disclosure associated with a U.S. listing, the people said. + +Long article finished at: https://www.wsj.com/articles/chinese-regulators-suggested-didi-delay-its-u-s-ipo-11625510600 +I’ve just been down a bit of a rabbit hole. Looking at crazy and likely future technology. Things like quantum computing (and why there’s a race on to get there first). And other tech innovations that will likely shape the next 50 years. Super exciting and interesting stuff. + +It really got me wondering about what the hell happens in Australia ? Do we do any of this? + +I have a pretty pessimistic view of our economy. Basically that we are lucky and dumb as fuck. We buy and sell houses, we use our universities as nothing but degree factories for international $$$ and of course of government relies massively on digging shit out of the ground and selling it, a lot of stuff we dig out of the ground is fast becoming a stranded asset as the world moves away from fossil fuels. + +Does the govt fund any new exciting projects? CSIRO? + +I know we have atlassian? + +Can anyone enlighten me on Australian tech/exciting emerging new R&D stuff we’re doing or are we still just pushing ahead with status quo (and actively cutting funding to CSIRO,science areas) + +I’d love to have something to be excited about. (And proud) because Australia really seems to be run by giant mining/property developed interests that actively discourage this type of activity. +Edit: first see the proposed NSCC rule: https://www.reddit.com/r/Superstonk/comments/u7bwvf/srnscc2022801_is_the_new_srnscc2021010/?utm_source=share&utm_medium=ios_app&utm_name=iossmf 🚨 🚨 + + +Since GME’s been making upward moves recently, so has loon sentiment about the whole government being evil, not paying taxes, abject nihilism, and other baloney bogus bullshit that even my wife’s boyfriend dog won’t eat. + +I assure you it’s too easy to find posts like this if you scroll more than a couple banana lengths downward. + +For example, at least four GG posts in the same day, two with just a picture, and cancerous comments ensue, with disappointingly few rebuttals. If you want to get in the action, sort by controversial. + +https://www.reddit.com/r/Superstonk/comments/u7bqxn/this_is_gary_gensler_chairman_of_the_sec_despite/ + +https://www.reddit.com/r/Superstonk/comments/u76j1a/its_almost_been_a_year_since_sec_chair_gary/ + +https://www.reddit.com/r/Superstonk/comments/u7kfr5/the_market_looks_fine_to_me/ + +https://www.reddit.com/r/Superstonk/comments/u7auaq/networth_of_100000000_looking_out_for_us_little/ + +As for the need for regulators, good regulators are like good car brakes. The purpose of car brakes? *To allow the car to go fast.* Brakes allow the car to maintain speed while retaining control in uncertain conditions as roads slalom and wind. So what happens when the car goes fast and the brakes fail? The ‘08 recession. Or Enron. + +As for any abject nihilism towards regulators or government in general, there’s zero point of simply watching things burn to the ground, especially if there’s no plan for actual reform already in place. + +A far better plan is to reform the system we have, by increasing the quality of the brakes. Increase reporting requirements and transparency, ensuring that fraudsters get substantial jail time with longer/permanent financial bars and no default get-out-of-jail-free cards to simply agree they did zero wrongdoing and pay only a fine. Also people can ask congress to put across other rules to limit conflicts of interest.. such as limiting speaking fees after people serve at appointed positions like SEC commissioner, federal reserve chair or treasury secretary. And then pay regulators more for regulating.. (Edit: also everything Dave Lauer has been saying re PFOF lol.) + +Good regulators are necessary or else we’ll crash, and as it is now, the car’s taking turns rather loosely (turning off the buy button). Maybe in the meantime, it’s good to buckle up. +I was called in to interview for a mid-level structural steel inspector position. The interview went well and ended with a discussion about a second interview about pay/expectations. The person I was supposed to have the second interview with was out that day so I was told they would contact me later with the details. Fast forward two days and I get an email from the HR of the company with a job offer, but for a lower position with far less pay. I respectfully rejected the offer stating the position and pay difference, but after I sent my rejection the person I would be reporting to wanted to know more why I didn't accept. To be honest I feel they lowballed me due to my age (I am about 10-15 years younger than others in this position). How do I respectfully tell them that I feel they tried to undercut me due to my age without burning bridges? + +Edit: Thanks for all the advice everyone. They responded back with an offer of a better title (but not the one I interviewed for) and starting negotiations for better pay. We'll see how it goes! +So I recently wanted to buy some US stocks, all my assets were in my CAD account & CAD investments. + +So normally, what people have said is sell your CAD investments and move $ over to your USD account and pay 2.5% interest, if you move it back it is another 2.5% interest. + +Here is a tip, let’s say you have a Canadian asset that also trades on the US market, log into the TD app, use the contact button, & tell the good people at TD you want to switch your Canadian asset for the US equivalent (if available) - they can do it for you and the cost is $9.99 versus the massive amount of conversion fees it would cost you. + +Please note your shares but be already settled (2 days after purchase). + +The transfer is instant and then you can sell on the US side and buy anything you want and save 1000s in fees. + +Then you can buy a US share, find the equivalent on the Canadian side & do the same thing if you want to bring your money back to Canada. + +Please note if the stock is trading on OTC the TD broker will help you sell it but again it is only 9.99 not the $45 they normally charge as OTC shares can’t be sold by yourself + +Hope that was helpful! +I was having a conversation with a coworker about children and getting them to understand financial responsibility/literacy, and it made me wonder what people on this sub do/plan to do. + +My coworker uses a pocket money chart as one example of how they encourage their kids to understand money. Their child gets £10 a fortnight in their 'base' pocket money, but this can go up or down depending on chores done/not done. For example, washing the dishes would give an extra 50p of pocket money, but not brushing teeth loses 20p. + +Something I am considering doing to help my child is at a certain age I'll stop giving pocket money and instead multiply whatever earnings they make by 1.5x (or something similar). Hopefully this will encourage them to work and show them that I want to support them. + +So, how does this sub teach their kids financial responsibility? +Backstory: I'm only 18, I've lived a fairly nice life. And all of that changed about a month ago. + +My father has been missing for around a month and we've all received notes from him in the mail which were basically suicide notes. My grandfather is the one who actually owns the house but my family lives in it, and my father is the one to pay all of the bills. When he disappeared that responsibility was passed to me as my mother can't work. + +I'm not employed but I have a job lined up for me, I just graduated. + +What do I need to do in terms of paying bills and having them switched to my name? We are refinancing the house so that the mortgage payment will be lower that way I can pay it off, but I don't have a clue on how to own a house or responsibility, I need advice on how to act in this situation. + +Also, mom is wasting all of our saving in a multi level marketing scheme, we don't have long until we'll get evicted at this rate + +For bot purposes, Murfreesboro - Tennessee, USA +For reference, last week I made a post about spending extra money on groceries so I could treat myself and help ease my mental strain despite being really tight on cash. Since then, I've had at least five people send me messages with referral codes to stock apps or crypto apps, usually saying something like "you're tight on cash, this can help you so much" or "I can tell you need it". Frankly, a lot of them seemed to be copied and pasted. I can hardly afford ingredients for fried rice, what on earth makes you think I have extra money to spend on stocks and trading? No, I'm not going to use your referral code. No, that $30 bonus stock is not enough incentive for me to pay the other fees those apps charge. No, I can't afford to wait six months-a year for that stock to actually make me money because my bills are due next week, not in a year. I respect the hustle, but at the same time shame on y'all for trying to capitalize on other people struggling. Me not being able to afford nice food is not an invitation for you to try to sell me Bitcoin, and doing so is just tone deaf and straight up rude. If you're in this thread and considering sending more people referral codes or a paragraph explaining why dogecoin is the answer to all our financial crisis; just don't. +I recently started a little mission to look at the price action for GME and make correlations with real events, to get a better understanding at what may be happening behind the scenes. + +One of my coworkers told me a few months back that ever since around the GME saga last January, day trading and swing trading has gotten MUCH more difficult... I decided to take a peek and see if anything changed and I stumbled on something pretty neat (or scary). + +What I did was look at activity during PM/AM and activity during market open. + +I will explain my process at the end so you can perform the exact same analysis on any security of your choosing for your own knowledge. + +I took the data for GME dating back to 2020 and split the movements from market close -> market open and market open -> market close. Basically what this means is, I looked at close price vs open price and compared them to each other. + +For the following example, if I invested 1 dollar into GME right when the market opened every single day and sold right at the closing bell, then did that every single day for two years, compounding gains and losses, I would right now be sitting at 41 cents. + +If I did the exact same thing, but invested 1 dollar right at market close then sold right at the opening bell, I would be the proud owner of 23.4 dollars! + +Here is a graphical representation: + +&#x200B; + +https://preview.redd.it/4p720w3zjhq91.png?width=971&format=png&auto=webp&s=9f3d18bb967e0e8c2e48cd023fcfb360c7b393a8 + +I can't even see what is happening during the day, it's that small! Let's move it over to the secondary axis for a clearer picture. + +&#x200B; + +https://preview.redd.it/6fiphl22khq91.png?width=1072&format=png&auto=webp&s=47bbdb2ff39d41b58b86d32d75c0feeb51945459 + +Well isn't that interesting... the daily price drops all but stopped right after the January sneeze! + +On top of that, price started declining during the night time right after the March sneeze! This graphically shows that all of the price f@#\*ery is happening overnight while retail in large cannot trade. On top of that, over the past several months, the daytime price is RISING while the overnight price is SHARPLY FALLING. This proves that the negative GME price action is occurring while retail CANNOT trade. + +&#x200B; + +&#x200B; + +Let's see if the same is true for our other friendly 'meme' stock... + +&#x200B; + +https://preview.redd.it/0qusyczckhq91.png?width=1179&format=png&auto=webp&s=ef3b4acf8581295769421682ea29b4a8baaea009 + +Yikes... looks like they started getting laddered down at the beginning of June, while the daily action stayed mostly flat. I wonder what happened in June... + +&#x200B; + +Let's now look at a broader market example.. the SPY + +&#x200B; + +https://preview.redd.it/xw8k0nntkhq91.png?width=974&format=png&auto=webp&s=9d30037bc568b9e04589f73ab1e4fa84a36d2460 + +By inspecting the SPY chart, it appears that meme stocks had little to no effect on overnight vs daytime movement... but there is an interesting reversal that happens on December 15th in this chart... let's see what it is. + +&#x200B; + +https://preview.redd.it/h4rj8u40lhq91.png?width=577&format=png&auto=webp&s=621ede19db20365f7d552d156a9d2cf60f679c25 + +Since the SPY overnight price action is largely affected by the printing of money (or so it appears), let's look at a smaller index where GME sat for a period of time. + +&#x200B; + +https://preview.redd.it/wj3l0rm4lhq91.png?width=990&format=png&auto=webp&s=54f2970d321ec2b7de53bea50343d55f9fc129df + +&#x200B; + +This is the Russell 2000 ETF. This is the ETF in which many retail day and swing traders operate. These traders also trade when the market is OPEN. As you can see, the price action makes a sharp reversal around the Jan 2021 sneeze timeframe and continues that trend to this day. + +My coworker telling me that trading became hard after the GME saga appears to have truth to it. + +Here is the process in case you want to do it for yourself: + +1. Search the stock you want on yahoo finance +2. click historical data and download to csv +3. open CSV and do Close/Open and Open/Close formulas. +4. plot the data + +Please let me know what your thoughts are on the matter and if there's any validity to my claim that crime happens overnight. Retail traders are kicking butt during the day and getting robbed when the exchanges are turned off. + +TL;DR - Price is manipulated overnight + +&#x200B; + +Edit: here is a link to the article that inspired me to look at overnight trends, courtesy of JackTheTranscoder + +[https://arxiv.org/abs/2201.00223](https://arxiv.org/abs/2201.00223) + +Edit 2: I understand everyone in the comments is talking about the articles discussing the overnight returns. The point I am trying to show here is that overnight returns are now **negative**. The days of rampant overnight pumping are over… at least for the mid-caps. They still pumped large cap stocks as much as possible overnight. +Yesterday, I watched the movie The Big Short again and then it hit me. We are all so distracted by the price, hyped by getting rich and hating on the shitcoins that we forget what Bitcoin is really about. Killing the banks. + +If you haven't seen it, The Big Short is a movie about the financial crisis that ensued in 2007 because of the housing market collapsing. This wasn't an "unfortunate event" because of ignorance and stupidity. This was orchestrated by the too-big-to-fail banks, because they knew the taxpayer would bail them out anyway. + +Nobody went to jail. No banks were broken up. No regulations were introduced to prevent this from ever happening again. Nothing happened. + +These people knowingly trashed the economy leaving millions of people without homes, without jobs and without their hard-earned retirements. And they got away with it. + +They are too powerful. They are in the government, they are in the media, they are everywhere. We can't destroy the system from the inside. We have to do it ourselves, and that is what Bitcoin is about. + +I'm surprised they haven't tried harder to destroy us, but I'm afraid that will come soon. Prepare, HODL, and remember what this is about. + +All the best +([Via Investing.com](https://www.investing.com/news/stock-market-news/apollo-global-management-backing-out-of-twitter-financing-for-musk-432SI-2905883)) + +According to Chibuike Oguh from Reuters, Apollo Global Management, Inc. (APO) is backing out of Twitter, Inc. (TWTR) buyout financing for Elon Musk. According to a person familiar with the matter, Apollo Global Management, which was looking to provide $1 billion earlier this year to Elon Musk for the deal, is no longer in talks with the billionaire. + +Twitter shares rose more than 22% yesterday after Bloomberg reported that Musk is proposing to acquire the company for the original offer price of $54.20 per share. + +Later, it was confirmed that Musk has sent Twitter a letter, according to which he intends to proceed to close the Twitter transaction on the original terms. For the last several months, Musk tried to pull out of the buyout deal due to ongoing disagreement over the number of spam and bot accounts on the site, prompting a lawsuit regarding the takeover. + +According to Reuters, Musk's changed decision over the deal made Tesla, Inc. (TSLA) investors fear that the billionaire, who sold over $15 billion worth of Tesla shares earlier in the year to fund the deal, was spreading himself too thin. + +According to Dan Ives from Wedbush, Musk’s interest in closing the deal would weigh on Tesla’s shares. "We see lingering impacts from Musk stock sales as a drag dissipating but the big worry is Musk juggling too many balls at the same time," Ives said. + +By Davit Kirakosyan +So, I've been wanting to buy some games, a television and a new laptop for a while now. However, I only want to do business with Gamestop because it is the greatest company/stonk of all time (I would even do my grocery shopping there if I could). Unfortunately, it is currently not possible for us to order from the Netherlands afaik. I refuse to buy electronics from any company besides Gamestop. + +I wouldn't recommend opening a physical store at the moment, they are not as popular around here. However, shipping to the Netherlands would be fantastic in allowing us to do business with Gamestop instead of other (shitty) competitors. Also this would allow us to support Gamestop in other ways than buying shares and DRSing them. We all have monthly fixed costs for electronics (games, laptops, tv's, headphones etc....) anyway, might as well spend it at Gamestop. + +I also spend around 300 euros a year on books, if i could order those from Gamestop that would be amazing. + +Sincerely, + +Europoor/Part owner of Gamestop +For those of you who truly understand AI and Machine Learning, I have a question. + +I have decent discretionary day trader experience. Like a lot of people, however, I am bad at not letting my emotions get to me and can often go tilt when I’m losing, suffer from get-even-itis, etc. That’s why I started writing trading algorithms to use the best of my knowledge and insight about how markets trade and remove all of the human emotion. Anyway… + +What if I fed my past trades into ML? Told ML which ones were the good trades and which ones were bad trades. Easy to do after the fact. Would ML be able to create a good trading bot from that? If it would not make a good bot, why not? What other information would ML need to have to make this work? +It's thunders in Chicago tonight and I've just been stuffing myself with food all day. I'm here to answer any reasonable questions about my job, the industry, or why I should really hit the gym. + +A bit of background: been a trader for almost a year at a quantitative prop shop. I came here straight out of undergrad. Also recently started getting into photography so would love some beginner's tips on editing! +I was recently told that there is no way I can't afford a second hand professional shirt regardless of my financial situation. So just a quick background on my current situation. I am a freelance video producer/video editor supporting a family of 5. I don't make that much but I am working hard to increase my income. Anyway because I am a 27 year old supporting myself and 4 other family members every penny counts. I can't always put money aside to my clothes because then I wouldn't have money to buy bread for my family to eat in the day. When you extremely broke every penny counts. + +This person that told me I should be able to afford some second professional shirts claimed that her family bought second hand shirts all the while they were building a house, then she adds that they may have been wealthy but didn't see the need to buy first hand clothing and if they were able to do it then so should I. I clearly thinks that there is no difference between someone with a wealthy background and one who is extremely broke. It boggles me that there are people this ignorant. + +Edit: The person I was talking to is an American. Second hand clothing in my country cost more than second hand stores in America. We talking around 15 dollars just for a second hand normal shirt. +I realized after continuing research, that I want to move over all my assets to ETH. + +I kinda feel like I should wait for LTC to spike again, then sell that way I have a better position in ETH. However, I kinda feel like they move at the same time, except ETH climbs at a steadier pace. + +What would be a good strategy for switching over? Wait for an ATH? Shapeshifte? + +Also I have all my assets in 1 coin. However, everyone else seems to diversify their portfolios. Is there any benefit to diversity? +Can some explain why? Genuinely? Our prices are insane compared to US cities where the average income is the SAME as ours. + +Why is debt servicing and spastic home values part of our national psyche? +The market seems very unstable right now, it pumps to 30k, 31k and then it drops back down again to 29k. + +The cost of living for the average person is now very expensive, gas/food prices are flying up because of the supply chains breaking down so people don't have the luxury anymore to put more cash into the market when they need it to survive. + +Does anyone else have the feeling we could see lower BTC price levels like e.g. 26k, 25k?. I hope we start seeing 33k+ BTC but it's doubtful. +I have accounts with several bank accounts and only some of them use instant Osko payment. Does anyone know why some banks don't use it yet since it's very frustrating??? It seems like the dark ages with some transactions taking 1-2 days now. +As the title says predict the best performing stock of 2021 and by the end of 2021 I will give away a Reddit award 🥇 to the person who correctly predicts the best performing stock of 2021. + +The award will given by end of next year. And if there is no correct prediction the award will be given to the person who’s stock comes closest to the highest return. + +P.S - You can only pick 1 stock. +Hey all! + +My spouse and I hit our FI # last year. He's in tech and I own a hair salon. We also have one rental property. (Our plan is to eventually have one more.) Being financially independent was always our goal. We're in our 30s, so retiring seemed ridiculous. Our normal workdays can be 10-14 hours long, and for two workaholics, we wondered what we'd actually do with ourselves without work to fill the void. + +Enter coronavirus. My salon has been shut down for almost two months, and our CA stay-at-home order was just extended for another month. My husband is working from home, but with limited hours. I'm finally getting a taste of what retired life looks like, and not going to lie, it's surprisingly awesome. + +We have a relaxed breakfast together every morning. I've been slowly working on turning our small yard into a permaculture food forest, and it's amazing how much progress can be made without work in the way. I've been volunteering for a covid-assist group, delivering groceries to people who can't leave their homes, which gets me out on my bike every day. I cook all of our meals, a lot of which comes from our own gardens, so we're eating much healthier. I still make videos and posts for the salon's social media, all creative looks that I feel inspired to do--not pressured to do, which is how I felt when I was working full time. + +We're both calmer and happier these days. Our house is actually clean. (Something we never had time to do.) And we fight so much less. I told him that I'm dreading going back to how things were, and he agreed: our life before quarantine wasn't sustainable. We were heading for burnout. We're now looking into purchasing our second rental property, and then finally taking the plunge into RE. + +Without the shutdown, we probably would have been too scared to ever leave our jobs. This was definitely the nudge we needed. +I'm sure this question gets posted a lot by big wide eyed people. + + +Little bit of background on me. I'm a student studying Engineering, and about to start my finance masters prerequists. I started trading around the age of 18, and I am about to turn 21 soon. + + +I didn't really start trading till aruond last december. Like I started really focusing and honing in some strategies. Started off with about 5K turned that into 10k by decemeber (about 2 years). Then I got into GME, nearly 50k gain. Then took a couple of hits from some weed pump and dumps. Then I got into trading SPY and TLT also a couple of smaller tickers like ET, USO, TTCF, DE. I've turned 10K (took out money for wedding, and school expenses), into almost 400k from March. And i'm planning on keep on going. (Was about 200k as of last week) (Also, as of right now im only options trading) + +I've lost all passion for engineering right now 'hint' why I'm getting masters in finance. However, I really enjoy trading. At what point. Do I say, THis is it? I wanna go full time? + + +I understand also, If I drop out of college my career choices are limited if I do not get a degree. My current plan is to continue trading till im out of college and get a job. See how that goes. If I don't like it, I'm debating just doing trading full time. Thats 4 years away though and not sure about that much time. + + +If I hit one million. I'm definently going to consider dropping out before graduating even more seriously. Not sure if this breaks rule 1 of "stay on topic". Mainly just looking for advice. + + +Edit: well the consensus seems like I need some more practice and see if it’s just luck, the bull run or luck. + +Guess imma finish out my school :)) unless I hit 1 mil. Then I’ll consider. +I legit can’t afford anything and all I think about how easy my life would be if I just had 5k to my name. I don’t get any government assistance because apparently I make too much… which is bs because I’m barely scraping by. I’m honestly so exhausted and doesn’t help I’m currently grieving over my mother passing. I work all the time but it’s not a enough. I don’t have a car so getting around is so hard… I just wished someone would just help me out once. I wished I came from well off parents… + + +Thanks everyone who replied. I honestly wasn’t expecting a response. Im 23 years old and I was kinda thrown into life after my mom passed away. We helped another out and she was my best friend. Now I’m scrambling to find an place to live on top of finding a car. I know things were expensive which is why my mom and I always went half on everything. Now it’s just me. I work hard but my hours have been cut due to the slow season. Sometimes I’m so depressed and stressed out I can’t talk. I know one day I won’t be here and I’ll be comfortable. Which is what I want. I want to be comfortable. I want to come home and be like “yeah this is okay. Im happy here” as of right now I don’t feel like. I been hit with new challenges left and right which put a big total on my pockets….This post was made quickly out of wanting to get out my head. Thank you. For just listening…. +It should shock you how careless and poorly run Kraken seems to be. I will explain why I believe Kraken's development team is terribly unqualified or why they are understaffed. This should alarm you because from what I've seen they are more qualified to run a bitcoin fan site, but somehow they were put in charge of running a multi million dollar exchange. Please note that this is my own personal analysis and opinion on Kraken and is in no way official or anything. + +You have to understand, Kraken's engineering team didn't fail at an impossible task: they failed at fundamental and basic principles of software development. That should be a **giant red flag** for anyone who uses and trusts kraken with their money. /u/jespow and /u/kraken-tyler have a lot of explaining to do here, because after seeing how many mistakes this exchange has made in the past 2 days, I can only conclude that it must either be engineered by children or completely incompetent adult engineers who have ABSOLUTELY NO BUSINESS building and scaling up a trading engine. Let's look at a timeline, shall we? + +1. Throughout pretty much the entire year last year, Kraken totally failed to scale, and they blamed it on their trading engine. Despite millions of dollars being traded weekly/daily on their exchange, apparently they couldn't create a trading engine that would actually stay online for longer than an hour. They shoved a warning at the top of their website apologizing for how slow and awful it was and it stayed like that pretty much from June 2017 onward. + +2. The other day they go offline for 40 hours and leave this highly unprofessional description explaining why: https://imgur.com/a/E5WbI + +3. At some point they post this https://t.co/We6nN0WNNh And they tell us "we finally replaced our trading engine that sucked with a better one, but it immediately broke so we're trying to fix it". + +4. 40 hours of downtime and one unprofessional message on their homepage later and they're back, but they have a critical other bug where people magically lose their money when they close shorts.... + +Even if you knew nothing about software engineering this is absolutely ridiculous and definitely shows you how incompetent this company is. If we dive deeper into number 3 above then we *really* can see how much of a complete joke their engineering capabilities are: + +When you build any sort of software project you have these three things called unit tests, staging environments and migrations. Let's say you were building a traffic light. Unit tests would be like automatic checklists that run and say "make sure the light turns red" or "make sure the light goes yellow before going red" and "make sure the crosswalk lights work when the human presses the button". Even hobby projects often have close to 100% test coverage, meaning you strive to have all your code tested as well as you can. Kraken **clearly** does not have appropriate unit tests in place because they've now suffered two critical bugs which should have been caught in unit tests. + +Two, Kraken had no staging environment. When kraken went down for almost 40 hours they said it was from a bug they could ONLY have detected in a production environment. Well guess what? It's common practise in web/backend development to be able to spin up environments WHICH ARE IDENTICAL TO THE PRODUCTION ENVIRONMENT. It's quite clear to me that Kraken also **does not** have an appropriate (or competent) devOps team, because if they did have one then they would have easily been able to create a production identical environment which would have allowed for the "production only" bug to be produced. + +Three, Kraken decided to stay offline for 40 hours as opposed to rolling back to their last working version. This is again shocking because you never want to migrate to a new version of something (ESPECIALLY AN UNTESTED SOMETHING) without having any way to go back to your previous state. Again this shows me that Kraken has no devOps team, or they are incompetent, because upon discovering the bug, they should have been able to roll back. + +----- + +**Summary of mistakes Kraken made:** + +1. Wrote poor (or no) unit tests which failed to cover critical aspects of their trading engine. This caused 40 hours of downtime and customers to lose their money due to a bug with short trades + +2. Have a poor (or no) devOps team who are unable to spin up multiple environments for proper development and/or testing + +3. Have a lack of understanding of how to properly deploy versions and create migrations, because they had no way to roll back their changes + +4. Probably they have poor organization in general because it took them a year to attempt this scaling solution. What were they doing during that year if they weren't writing unit tests, migrations, and doing all the things a proper dev team should be doing? + +5. They literally replaced their home page with a plain text file with 3 sentences explaining that they're offline... + +Remember, this space is unregulated and while I personally enjoy this aspect of it quite a lot, it also means the burden of **protecting ourselves from bad actors** falls on us. And from where I stand Kraken is a bad actor because they either cheaped out on engineers despite making millions of dollars from *us*, or their development team is not strong enough to build and manage their application at scale. In either case they had an entire year to rectify the problem but they did nothing. + +----- + +**But unit testing isn't magic and can't catch all bugs, right?** + +It doesn't solve all your problems but I would say the fact that there seems to be a common bug with shorts calculating profit wrong so that clients lose money is an indication that obvious tests were skipped or written poorly. Think about it. Just how well is their shorting feature tested at all, if there's a bug in something as important as calculating profit? It's not an isolated bug either since there's multiple people reporting it. Especially considering this is a financial system and they were developing it for a long time I don't think it's a stretch to say that this wasn't tested well at all. + +**But maybe its just too hard or impossible for them to create staging environments...** + +Ok lets assume that it's completely impossible for them to spin up an environment as close to production as possible. First, I would ask why they built it in a way where this is impossible since it seems pretty useful for testing, but moving on I wager that they still did a poor job flipping a switch and just turning this all on for everybody at once. This wasn't a small change by the looks. If that's the case then I think they should have rolled this out slower, and not give it to 100% of their users all at once. They could've even offered a "beta" mode where fees were slightly less but "you cant get mad at us when it breaks". There's tons of ways they could've handled the release better and put simply they butchered it. + +**But building a financial system like this is complicated!** + +I agree it's complicated, which is why when you're a big (and probably wealthy) company like Kraken you need to hire the A-team. Instead it looks like they hired the C-team. And I know that's harsh to say but it's hard for me to go much easier on them here given the facts and that large sums of money are involved. +I'll try and be brief - + +Really like my current job (Engineer), LOVE my current manager, like where I live, and other than not saving as much as I would like, life is great. I live in an extremely low cost of living part of the Midwest and make good pay for the area ($80k + ~7-10% bonus). Problem is there is no room to grow where I'm at besides my current manager's job and I'm pretty certain he has at least 6-8 years before he retires... and even then I'm by no means promised that role. + +I received a message two weeks ago on Linked In from a talent person from this new company (not a generic headhunter). I spoke to their talent person twice, and what would be my manager once. Everyone seemed great, the position seemed like something I'm certain I could do well, and its large enough company where I'm not worried about it going out. The next step would be potentially flying out to the location of the new job, touring the facility, etc etc. Its essentially what I do now but I would working with two manufacturing plants vs. currently I oversee one. I would be working / looking to move to Seattle, WA .... so a much much more expensive cost of living. + +Assuming things keep rolling forward, we've sort of sussed out that for me to be interested I would need $150k to make the move worth while, they seemed agreeable to that. I would be almost doubling my current pay, which to me is 2x my 401k contribution + 2x match right off the top. Washington also doesn't have state income tax (sales tax is higher though) so that would be like another free 6% raise. + +After we sell our current house, buy an a home for $600k or less in Seattle (my current number I use to budget), after all pre and post tax deductions, assumed bills for heat/electric/cell phone/cable/etcetc, current car payments and 2x the cost for car insurance, giving us $500/wk for my wife and I to live on, I could stick ~$5k/mo away. Right now we save ~$1k a month on top of the 401ks. Roughly $60k extra a year in the bank would be quite nice. + +At 29, this much of a bump makes a huge difference on when I could retire... If I get offered the job, I pretty much have to take this right?! + +**EDIT** + +Thanks for all the info, I really appreciate it! + +I should clarify a few things - the "buy a home" section was sort of for reference for budget sake... I would plan on leasing for probably a year, maybe 6-months if I found one. Also when it would be time to buy I would not be looking near downtown or east. Most likely West Seattle or stretching south to Kent, Renton, Des Moines, etc.,... I would think $600k get it done in those areas. + +And my budget numbers were including my wife's salary assuming she doesn't make a dime more than she currently does. + +Thanks again! + +**EDIT 2** + +Not software engineering / tech +I am 29 years old. I currently have $25,000 to play with and, by the end of the year, I should have $35,000 to $40,000 in my pocket. Using that money, my goal was to buy myself a house. I wanted a simple house with 2 bedrooms and 2 bathrooms ranging from $160,000 to $205,000. + +However, I started researching real estate investing, and my viewpoints have changed. While I still want a house for myself, I feel like my money would better be served buying a house as a rental property and renting it out. + +In my area, they have quite a few 1 bed/1 bathroom condos for sale (and they are spacious). These type of condos range anywhere from $45,000 to $60,000. I was thinking about buying one or two as a rental property. My logic is that they are cheap enough so I can pay them off fairly quickly if I rent them out. **Would that be a bad idea?** + +I currently have no existing debt and my credit score is over 800. Just looking for some advice on this. Thanks. +Hi all, + +With the news of recent boom in house prices, brexit tariffs and with the amount of quantitative easing going on to prop the economy up, is life in the U.K. only going to get more expensive? + +The house boom is the killer for everyone, as prices increase and real wages don’t more and more % of peoples salary’s will be going to just surviving. +I'm considering an internal job offer I've received in my company - I'd really appreciate the community's help to consider it! + +The job would be moving from VP-level of the overall company to C-suite level of a subsidiary company. It would come with a shift in responsibilities that would make my CV a bit more well-rounded, and a bump in compensation of about $200K ($400 -> $600). I really enjoy my company and the people/culture, and I aim to spend the rest of my career here. + +However! The change would require a shift from being 100% remote to only about 40% remote; on days I go in, I would be commuting about 1.5 hours every day in total. We have two young kids, and my remote work allows me to support them and be present for a lot of activities and logistical obligations. If I were to take on this new position, this would need to be adjusted, possibly by hiring a nanny-type individual to support. Moreover, my wife has a very demanding job - she works quite a bit and doesn't have the same flexibility that I do. However, her job also pays extremely well - she currently makes about $800K, and this number will increase by approximately $100K per year until her mandatory retirement at 60 (we are both 40), with a hefty pension tied to it. Regarding lifestyle, we're pretty comfortable - we built a house several years ago that is our "forever house," and we don't envision that changing. No desire to own any vacation properties, and our only debt is a 2.5% jumbo mortgage. The only major expenses on the horizon are our two kids' college tuitions, which will begin 11 years in the future. + +Our monthly expenses average about $30K, and our target number for retirement is $25 million at 60. Assuming very conservative figures - 5% investment growth and 3% inflation for those 20 years, this is a little bit of a stretch assuming I stay in my current position, but doable, barring any substantial speed bumps in the meantime. + +So - should I take this job? The money would be nice, but there's more to life than money! I foresee this potential move as a new and exciting challenge, but I'm not sure that the costs to the family would outweigh the benefits of my own personal career satisfaction. + +Thanks in advance for sharing your thoughts! +So I would like to open 2, $500 savings accounts for my kids where I can contribute +/- $100 biweekly. 5 year plan would be perfect cause they will be around the age to drive and have a nice nest for a down-payment for a car. My questions is, should I get a cd, money market account, or something else? Looking for the best way for the money to grow. Thanks in advance! +My question is two-fold: + +1.The broader question as per the title. What are the most common ways? Right from simple investing up to how assets / property can be utilised to borrow, re-invest and generate more wealth. What would you say are the main barriers that stop those not involved in wealth-growing from being involved - knowledge, connections, intelligence, risk-taking, luck, a bit of everything? Also from an inheritance tax perspective - how common actually are the use of trusts? + +2. I was part of a conversation recently where an acquaintance is purchasing a very expensive property in London with an interest-only mortgage and her income is low. I'm aware the family in question own substantial property assets and I'm wondering if a.) if it seems likely that the family has used these assets to enable this interest-only arrangement seeing as this person is a low earner and b.) how this would/should play out long-term. Do you think they are utilising the cash to make other investments in the short-to-medium term and thereby the pay-off of the capital is 'easier' in the future (ie. that 500k is turned into 700k?). Is this common and are there any downfalls? +[With the news](https://www.dw.com/en/eu-and-japan-create-worlds-biggest-free-trade-zone/a-47319521) of this deal going through, what sectors or companies do you see soaring in the short and long term ? +**TL;DR** + +**The Squeeze Is Happening Now** + + +Let's see see, today is a really big day for the Snake Banks, selling themselves like your mom on the street corner. It's okay though, there's a list of johns she uses. + +Get it, she keeps getting fucked by the same people over and over again. + +Just like you. + +* + +So below this is companies that are selling Notes, Senior Notes, their funds. Apparently the top links don't work, I'm fixing it, but [this one](https://www.sec.gov/edgar/search/#/dateRange=custom&category=custom&startdt=2021-04-16&enddt=2021-04-20&forms=FWP) goes to the list of companies offering sales. + +[HSBC](https://www.sec.gov/Archives/edgar/data/0000083246/000110465921052270/tm2113400d2_fwp.htm) + +> If we were to repurchase your Notes immediately after the Original Issue Date, the price you receive may be higher than the Estimated Initial Value of the Notes. + +Nice language, I wonder what it means? + + +[Bank of America](https://www.sec.gov/Archives/edgar/data/0000070858/000119312521119914/d141072dfwp.htm) +3.5 Billion + +[Morgan Stanley](https://www.sec.gov/Archives/edgar/data/0001666268/000095010321005698/dp149553_fwp-ps1365msfl.htm) + +UBS is being their dealers for a sales commission, great guys those. Real salt of the earth. + +[Bank of Montreal](https://www.sec.gov/Archives/edgar/data/0000927971/000121465921004342/d419211fwp.htm) + +Their subsidiary(holding), BMO Capital Markets Corp. (“BMOCM”), is the agent for this offering. + +[Morgan Stanley](https://www.sec.gov/Archives/edgar/data/0001666268/000183988221005998/msf1361_fwp-03859.htm) + +Republic of Columbia +[1 Billion](https://www.sec.gov/Archives/edgar/data/0000917142/000119312521121876/d117835dfwp.htm) + +Bank of New York Mellon +[400 Million](https://www.sec.gov/Archives/edgar/data/0001390777/000119312521122039/d127542dfwp.htm) + +[Royal Bank of Canada](https://www.sec.gov/Archives/edgar/data/0001000275/000114036121013422/brhc10023364_fwp.htm) + +OH SHIT ARE THEY SELLING TWITTER STOCK + +also + +> The Notes are our debt securities, the return on which is linked to the performance of the Reference Stock. As is the case for all of our debt securities, including our structured notes, the economic terms of the Notes reflect our actual or perceived creditworthiness at the time of pricing. In addition, because structured notes result in increased operational, funding and liability management costs to us, we typically borrow the funds under these Notes at a rate that is more favorable to us than the rate that we might pay for a conventional fixed or floating rate debt security of comparable maturity. + +Bank of America +[4.5 Billion](https://www.sec.gov/Archives/edgar/data/0000070858/000119312521119919/d141072dfwp.htm) + + +[JP Morgan](https://www.sec.gov/Archives/edgar/data/0001665650/000182912621002705/jpm_fwp.htm) + +[AMC fund 19](https://www.sec.gov/Archives/edgar/data/0001857646/000185764621000001/xslFormDX01/primary_doc.xml) + +Those are single offerings, btw, they have more. + +[The link](https://www.sec.gov/edgar/search/#/dateRange=custom&category=custom&startdt=2021-04-16&enddt=2021-04-20&forms=FWP) has preliminary proespectus regarding the Notes they are going to be putting up for sale. Lots of really familiar faces liiiike + +* JP Morgan +* Citibank, +* Royal Bank of Canada, +* Bank of Nova Scotia +* Bank of America +* HSBC +* Bank of New York Mellon +* Republic of Colombia +* Bank of Montreal + +A tidy little list, and by no means is it complete. + +And here's Ally Financial Inc offering up 1 BILLION dollars. I've never heard of them, let's check out their + + * Joint Managers +* Barclays Capital Inc. +* Citigroup Global Markets Inc. +* J.P. Morgan Securities LLC +* RBC Capital Markets, LLC +* BofA Securities, Inc. +* Deutsche Bank Securities Inc. +* Goldman Sachs & Co. LLC +* Morgan Stanley & Co. LLC +* U.S. Bancorp Investments, Inc. + + +Oh dear, those are familiar names. They're co-managers of a LOT of funds guys. + +Probably cause they're never sure who's fucking their wife that day + +[Genesis Energy Finance Corp](https://www.sec.gov/Archives/edgar/data/0001022321/000119312521121461/d150074dfwp.htm) is offering about 250 million in Notes, let's check out these + + * Joint Managers +* BofA Securities, Inc. +* BNP Paribas Securities Corp +* Capital One Securities, Inc. +* Citigroup Global Markets Inc. +* Fifth Third Securities, Inc. +* RBC Capital Markets, LLC +* Regions Securities LLC +* Scotia Capital (USA) Inc. +* SMBC Nikko Securities America, Inc. +* Wells Fargo Securities, LLC +* Co-manager:  Comerica Securities, Inc. + +Boy you guys are just literally everywhere huh? I started out by researching each individual one, but as I learn their names and subsidiaries, they just show up, for free, like your mom. + +**What are they selling?** + +Secured bonds, not always guaranteed, but ones that will make a lot of equity for them. We talk about them needing equity and liquidity, but do they? + +Or does snakey hedgies just want a buffer between their personal banana numbers and apes? + +I'm moving on from these drafted up Sales proposals, but I know who's going to buy them. Another snake bank. If you'd like to hunt yourself, filter for forms FWP and 424B2. + + * + +Guggenheim Capital is being the 'institutional investment manager' for Security Investors LLC, they made sure to file on...today. I didn't know Guggenheim had it's tail dipped in so many pies. [Today.](https://www.sec.gov/Archives/edgar/data/0000791185/000182126821000123/xslForm13F_X01/primary_doc.xml) + +Always great to see a familiar face. + +I'm going to put a pin in this filing, cause Citadel isn't the most uncommon name but. + +[Citadel Investment Advisory, Inc. PO BOX 900 CHESTERLAND, OH  44026](https://www.sec.gov/Archives/edgar/data/0001811907/000181190721000005/xslForm13F_X01/primary_doc.xml) + + * + +[Federal Home Loan Bank of Pittsburgh](https://www.sec.gov/Archives/edgar/data/0001330399/000156459021019552/na-8k_20210414.htm) isn't selling stuff, but I like their language regarding debt secuties. + +**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet** + + > The Federal Home Loan Bank of Pittsburgh (the "FHLBank") obtains most of its funds from the sale of debt securities, known as consolidated obligations, in the capital markets. Consolidated obligations, which consist of bonds and discount notes, are by regulation the joint and several obligations of the eleven Federal Home Loan Banks. The Federal Home Loan Banks are regulated by the Federal Housing Finance Agency (the "Finance Agency"), successor to the Federal Housing Finance Board effective on July 30, 2008 (collectively, the "Regulator"), and the regulations issued by the Regulator authorize the Finance Agency to require any Federal Home Loan Bank to repay all or a portion of the principal of or interest on consolidated obligations for which another Federal Home Loan Bank is the primary obligor. Consolidated obligations are sold to the public through the Office of Finance using authorized securities dealers. Consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the United States government. + + * + +Oh hey! On April 12, 2021, JP Morgan is filing a beneficial ownership of ::checks hand:: [PLBY Group](https://www.sec.gov/Archives/edgar/data/0000019617/000001961721000288/PLBY_GROUP_INC.htm) nearly 3 million of their stocks under Sole Voting Power, and checkmarked + + > x A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); + +Hey, we remember what that is, right? JP Morgan is soooo generous, helping out other companies. BTW, Sole Voting Power means JP Morgan gets to decide what to do with those nearly 3 mill stocks, it's not a Shared Voting power which means the company gets, any say really. + +Also, PEG U.S. Direct Corporate Finance Institutional Investors IV LLC is the beneficial owner of 7.4%. + +Let's keep an eye on that name. + +[Monthly Distribution](https://www.sec.gov/Archives/edgar/data/0001600824/000185362021000002/cgcmt2014gc19_10d_42021.htm) of Citigroup Commercial Mortgage Trust 2014-GC19 just got filed, that's pretty normal. Let's check out the Holders/Sponsors of this fund. + +Citigroup Global Markets Realty Corp. +Goldman Sachs Mortgage Company +MC-Five Mile Commercial Mortgage Finance LLC +Cantor Commercial Real Estate Lending, L.P. +The Bancorp Bank +Rialto Mortgage Finance, LLC +RAIT Funding, LLC + +Aaaand + +U.S. Bank National Association (principal executive offices of issuing entity) + +Issuing Entity, real fancy. + +Okay, next thing. Aww hey it's a stock offering by [Full Circle Brewery](https://www.sec.gov/Archives/edgar/data/0001715599/000166516021000493/xslC_X01/primary_doc.xml), reason for the Amendment is they need to extend their campaign? Let's check this out. Arthur Moye is trying to get someone to invest in him, he even has a website. + +Look at those sweet little numbers, he's offering Class C non voting stocks, the target is 1964 and the deadline is July 19, 2021. He has 22 employees. + +Poor guy, guess he doesn't know the right people. + +I wonder if this is how hedgies find people needing help? You know they wouldn't accept no class c stocks with non voting power tho. Some lawyers are 'ambulance chasers', maybe some hedgies are 'I own your company now fuck you'. + +Sorry, that got away from me. + +[Wookey Technology](https://www.sec.gov/Archives/edgar/data/0001854155/000185415521000002/xslFormDX01/primary_doc.xml) is also offering stock, or a minimum of 5 thousand accepted by any outside investor. He's got 38 investors, bless them. + +Investing is interesting, isn't it? + +Here's another important thing to remember this is included in pretty much all of these contracts, in big bold letters deep inside the language. + +**Hedging Risks** + +Very, very, VERY few times have I seen under that caption that a company states they don't do that sort of thing. + +Let me tell you, if you heard the RBC bank's salty ass answer to the analyst from BoFA, [you'd deffo laugh](https://www.sec.gov/Archives/edgar/data/0001000275/000121465915001685/s225150425.htm). She told him. + +*Janice Fukakusa - Royal Bank of Canada - Chief Administrative Officer, CFO* +Oh, I'm sorry. You were talking about the CAD41 million in earnings. That's strictly foreign currency translation on earnings. + +*Steve Theriault - BofA Merrill Lynch - Analyst* +So there's no hedging offset to that number? + +*Janice Fukakusa - Royal Bank of Canada - Chief Administrative Officer, CFO* + No. + +*Steve Theriault - BofA Merrill Lynch - Analyst* + So that won't necessarily rise next quarter? There's no sort of smoothing on that? + +*Janice Fukakusa - Royal Bank of Canada - Chief Administrative Officer, CFO and Bad-Ass Bitch* + Right, because we do not hedge our future earnings. So that's strictly translation, as we earn it and translate it to Canadian dollars. We only hedge our equity. + +Fucking dead. + +anyway i haven't even participated yet in this beautiful holiday, ill go fix that in a minute. + +Uh right, so stuff. You know that meme where spongebob is angrily showing beneath his bed and the closet and the whole trash heap outside? + +*Where are they going to get the money to pay a floor of a million plus?* + +Yeah, that. So I'm just going to keep meandering through this shit and giving a feel for what kind of money moves around daily, what kind of funds they've got on their end. + +Until the names become ingrained in your head. + +Until the numbers become as familiar and heartwarming and *within reach* to ape's mind as it is to snakes. + +You see, because the squeeze is getting squozed right now, and it has been for decades. On you. + +Take a walk somewhere or a drive, look around. Look at the schools, fuck look at the average person's bank account. + +Ape reading this, most of them anyway, know exactly the pressure I mean. + +It's time to squeeze back. + +Happy 4/20 + +**** + +*** + +** + +* +The Banks Are Selling Government Bonds to the Hedgies- The Floor is 250 Million [Part 1](https://www.reddit.com/r/Superstonk/comments/mtp8y1/the_banks_are_selling_government_bonds_to_the/?utm_medium=android_app&utm_source=share) + +[Part 1.5](https://www.reddit.com/r/Superstonk/comments/mtt8wg/master_feeder_funds_privately_negotiated_loans/?utm_medium=android_app&utm_source=share) (unformatted) + +[Part 2](https://www.reddit.com/r/Superstonk/comments/mubk7t/the_worlds_largest_shell_game_the_floor_is_250/?utm_medium=android_app&utm_source=share) + +[The Banks ARE The Hedge Funds - The Floor is 250 Million Link-Free Edition](https://www.reddit.com/r/Superstonk/comments/muoyq8/the_banks_are_the_hedge_funds_the_floor_is_250/?utm_medium=android_app&utm_source=share) + +Edit 1: sorry about the links guys fixing it + +Edit 2: trying to make it look...neater + +Bonus Banana Numbers + +**Two banks merging** + +>[Webster and Sterling](https://www.sec.gov/Archives/edgar/data/0000801337/000114036121013384/nt10023268x5_425.htm +) are uniting to create a powerhouse bank with over $63 billion in assets. + +>Together, we will have $52 billion in deposits, $42 billion in total loans (80% of which are commercial), and 225 banking centers across the footprint. + +> The combined company will be called Webster Financial Corporation (NYSE: WBS) and the combined bank will be called Webster Bank. Chairman and CEO of Webster John R. Ciulla will serve as the President and CEO, and President and CEO Jack Kopnisky of Sterling will serve as the Executive Chairman. There will be a combined executive management team, and the board of directors will have representation from each company. + +Tis but a drop of blood to them. +I've coded up a smart contract that when you transfer to it, it won't let you get your ETH back until after a certain amount of time (1 week, 1 month, 1 year, etc). After that time, you can call .withdraw() on it and it will send your ETH back. + +Is there any interest in this? If so, I'll cook up a website so it's easy to access and everything is explained (source code, etc). +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I have a babysitter that took care of me growing up. I just found out she has a health problem that could leave her crippled and unable to work. I’m not FAT enough to take care of her completely, but I would like to help out and gift her up to $15k. But I don’t want to mess up her Medicaid / Medicare. Any suggestions on the best way to help out? I was thinking visa gift cards? +I’m in Ontario, Canada. I’ve been with my company for five years this year (2022) I make 40k/year. If I get a 3% cost of living raise as expected this spring, I’ll make just over 41k. In order for me to actually be able to start building an emergency fund and saving, I need to make at least 42k/year, ideally 43k. I feel kind of like I have no right to negotiate that kind of raise. I work entirely remotely and my company let me move to my dream city this year despite not having a physical office here. I am paycheque to paycheque right now, as I have an elderly dog whose monthly medical expenses are equivalent to my car payment. However, despite this part of me does feel like I deserve it. I’m constantly taking on more responsibility, several of my daily tasks can’t be done by anyone else. I start work at 6am because no one else wants the shift, and am often logged in by 5:30am. My company is amazing, so I really would like to avoid looking elsewhere if I don’t need to. Is it appropriate for me to negotiate a raise in this situation? If so, any tips welcome! +I have just received 450k and trying to figure a way to invested this money so it can make me money the rest of my life. I have no experience with this, I have put together a little plan with help of potential financial advisor. + +Location: Colorado + +Me 27 y/o making about 30k year + +Wife 27 y/o making 50k year + +( we are able to save a little money after monthly bills but not much) + +My son 3 years old + +Making a 401k for wife + +529 for my son + +Down payment on house 80-100k house cost about 400k + +Setting up term life insurance + +setting up roth IRA for myself + +Giving a financial advisors 300k for investments - He is 90% stocks, 10% cash (for opportunity) . 1. Mutual fund, ETF and stocks. ( he will be handling all this ) 1.1% fee RBC wealth management + +&#x200B; + +Please let me know if i have missed something or maybe a better idea of what I should be doing with this money. +Idk if this is the right place to ask for advise if not I would appreciate if you would direct me to the right sub. + +My sister’s boyfriend died of COVID this year and he was the co-owner of the house. Due to some problems she is unable to obtain the death certificate as her boyfriends family doesn’t like her, therefore the mortgage company wont take his name off the home. +Unfortunately after the lose of her boyfriend she is having trouble keeping up with the cost of the house. She is now attempting to rent out her rooms while she lives in the living room that way she can afford the rent. + +What if any advise do you guys have that I can pass onto her so she at least doesn’t have to worry too much about her mortgage situation? + +Edit: to clarify her late boyfriend’s family doesn’t live with her. It’s only her and your son in a 3 bedroom house. + +Edit2: after all the suggestions we have some resources to look into for the certificate and possibly ways to help with the mortgage such as refinancing. Many also talked about “right of survivorship” and we will look more into that as well. We will also look into getting a lawyer for her. + +I appreciate everyone’s help, taking the time to provide suggestions, opening our minds to other routes we could be looking into and questions we should be asking. + +Edit3: i gained a lot of information for my sister and how I can help her. I deeply am grateful for everyone taking part of their day to help us. It’s getting late so I am off to bed, I will try to rely to any comments in the morning. Hace a wonderful rest of your day everyone! + +Edit 4: we found out she does get right of survivorship. We are still working on getting a lawyer for other advise. Also refinancing and seeing if she qualifies for the CARE act. Unfortunately the late boyfriend didn’t leave her as a beneficiary for life insurance or anything. What is done is done. I thank everyone for all your support, feedback and helpful information. It has calmed a lot of her worries and stress she was having. +A common trope that gets parroted here often is that you should buy rental properties for "income". + +Why not just invest in ETFs and mutual funds? Seems like less work and less risk. +I personally think that free trade and comparative advantage overlook the value of learning. There’s a vast literature in economics on the value of learning by doing. + +South Korea had a comparative advantage in rice farming some decades ago and was less industrialised than North Korea, but it decided to learn how to manufacture semiconductors and other high-tech goods. Had South Korea stuck to rice farming, it would be a relatively poor economy today. The law I propose is to incentivise more learning and to embody more knowledge in our own population. + +This would be a medium to long term thingy. It won’t pay off in the short term. + +Please exchange ideas below to help us all learn. +Does anyone else get this? I don't recall where I heard this term, but I think about it alot. Frugal Fatigue is the phenomenon that when poor people come into any extra money, they tend to blow it on something they don't really need, instead of doing something smarter with it, like saving. Or even if you don't come into money, you just get tired of constantly having to curb your desires and so you "treat yourself" even though it appears you haven't really earned it. Or maybe you spend a little bit of money on a tiny luxury, like the brand name detergent you just love the smell of. And it ends up royally screwing you at the end of the month. Then you feel like a worthless schlub because you don't even deserve nice detergent. Or how about when you say "fuck it! might as well spend my last $20 because it won't make a difference and it's never going to get better" + +Being poor can be exhausting. I've fallen victim to frugal fatigue more times than I care to admit. Like when I'd go weeks eating ramen and rice to barely scrape by paying bills, and the very next week spend an extra 10-12$ on energy drinks I don't need, inevitably ending up 10$ in the hole for my "reckless" spending. + +I see a lot of people being very judgemental towards people who get frugal fatigue. And I'm not saying it's okay to make these poor choices. I'm just saying, have some understanding. I think most poor people live this way, and didn't end up in their situation because of true massively reckless spending. + +Ive recently managed to get myself on more decent financial footing, and ironically I find it more motivating now to be frugal. I don't get the fatigue from constantly stressing about bills. I feel more secure, and am able to make more rational, long term decisions. (That $20 can make a difference!) I don't want to go back to the fatigue. + +I hope this sub can be a place where we can motivate and help each other through the fatigue. +Looking for some safe steady growers in my TFSA. + +Feel free to recommend others. + +With so much uncertainty in the market and BSB/WSB, I dont want to YOLO a bunch of cash and get sucked into the frenzy. Shoutout to all the diamond hands but I just cant afford to risk stuff right now. +I have a Questrade account and I want to pick up some US stocks on the current dip. I just transferred about $6k CAD from my bank, which I hope will show up in my Questrade account by tomorrow. I know I can do Norbert's Gambit but the last time I did that the whole process took about a week. So that said, am I really losing that much if I just let Questrade do the conversion? Any other ideas? +Good Morning! + +There is a lot going on with the broader market right now , yesterday the FED president came forward and said that they wanted to do 100 basis point hike this year and the market did not like that. But then at market close we see 5 billion in deep ITM calls come in on SPX. Just several billion $... + +[few billion in DITM options last night on SPX. Thanks for bringing this to my attention jyb.](https://preview.redd.it/4sed97fop7h81.png?width=915&format=png&auto=webp&s=0d53fe854526e06f220dbba6739da74d18200095) + +Plus an expedited FED meeting set for the 14th. + +https://preview.redd.it/z9p8kq6tp7h81.png?width=999&format=png&auto=webp&s=1327ef842ed5f972569e8d8569050a666fab4f10 + +So the market is on a bit of a rollercoaster ride at the moment and while. This could drag us around a bit we've been tracking very closely with the overall market for several days now and the market going up helps apply pressure when they are trying to cover FTDs. + +Couple of things I wanted to mention XRT SI% continues to bounce around above 1000% and we have that 4.2m shares of exercised negative delta from Jan 6th due on Monday. It's hard to pin down the precise dates for the threshold process on XRT but I will attempt to do so this weekend so we can have a better idea of where large blocks of XRT FTDs fall. + +Either way our current price is and higher present a decent floor for OPEX that is coming on February 18th (T+2). We'll be keeping a careful eye on pre-hedging of this OPEX date to avoid the surprise of a rug pull like we saw in November. + +**Gamma Girl** + +No update so far. + +**DIX Pics** + +https://preview.redd.it/kpc52diup7h81.png?width=2489&format=png&auto=webp&s=8cf601df64a279c2e5b1ee2ed4e453a05568fb77 + +[IV30 around 113&#37;](https://preview.redd.it/qmq1a5avp7h81.png?width=2461&format=png&auto=webp&s=8b6841e4b1a0fab7e401f2b8f0e684efcad9f3d1) + +[Naive GEX climbing almost to November levels](https://preview.redd.it/8jvy4jxvp7h81.png?width=2474&format=png&auto=webp&s=4bb8a3bac7e3af16a18fcd2dcf0fa8c42c1e5cbc) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +The portents of war in Ukraine and the fear of the FED rate increase saw some serious downturn in the market today. But GME withstood it all closing up 1.45%. above max pain and squarely in the middle of the gamma ramp up to 150. The inverse correlation could drive institutional interest into the stock especially if fears continue to compound over the weekend. Thank you all and I'll see you Monday. + +\- gherkinit + +https://preview.redd.it/ev359fvdr9h81.png?width=695&format=png&auto=webp&s=050bfe41cd765965d6ba78712d6c669d47af1f1c + +Edit 3 1:04 + +Failed a test at 130 or inverse correlation to the overall market is getting a bit stronger. Currently consolidating after the failed test but looking good to keep moving up. It also looks like institutions are exercising deep ITM calls, I'm waiting to confirm later today on trend change in OI. If this is the case it could lead to a squeeze on gamma (T+2) from today. + +https://preview.redd.it/8hmjq6p0v8h81.png?width=1562&format=png&auto=webp&s=983ecb6f48ded771f057cfb9e42d392f7b6dbf32 + +https://preview.redd.it/exqfy6pwu8h81.png?width=2536&format=png&auto=webp&s=1e5e6e5f90aa112455d7462296e4f2992f0ed34a + +Edit 2 12:18 + +Breaking out to the upside more. But the most relevant thing about this move is that we are inversing the broader market + +https://preview.redd.it/zdxlh0dim8h81.png?width=1569&format=png&auto=webp&s=6bc7c7d31374439300a2ec29c28bb84ae0b3e2b1 + +https://preview.redd.it/11obd40km8h81.png?width=1562&format=png&auto=webp&s=9eaac4ded65f3c07e74d3c2438081646f5e88ed6 + +Edit 1 10:40 + +The market is a bit indecisive so far today with the FED meeting looming, but we are now moving up to retest our daily high a breakout here could be good for the early afternoon. If the market pushes up so will we. + +https://preview.redd.it/qftpzvj358h81.png?width=1568&format=png&auto=webp&s=b871551f7ba2bed2b136afdd531230d49c699f5f + +# Pre-Market Analysis + +Looks like we are turning around with everything else, but with max pain so close buy it's possible they will attempt to push us below or at least closer to it. Closing above max pain and with this weeks call interest $120 especially could be very good for positive delta hedging next week. + +Volume: 24.34k + +Max Pain: $113 + +Shares to Borrow: + +IBKR - 100,000 @ 2.4% + +Fidelity - 10,127 @ 1.5% + +[GME pre-market 1 Min](https://preview.redd.it/29zh8mizp7h81.png?width=1568&format=png&auto=webp&s=4ad9b9dcf07218c2da2150a0ef17fd1b85cd6080) + +TTM Squeeze + +[Finally showing a fire signal, remember we would want to see a few of these ideally 5-6.](https://preview.redd.it/exyxc5e1q7h81.png?width=2445&format=png&auto=webp&s=458a30c76f2775380f137f908f6cd77fe6d31bf2) + +CV\_VWAP + +[Showing a little deviation from the average range](https://preview.redd.it/h51ti5c3q7h81.png?width=2456&format=png&auto=webp&s=c0577793ae157edcf508f2b32ed59a0402eba9f1) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +There’s a reason that people get excited about stories of people who struck it Lambo rich from putting $50 into crypto; it doesn’t happen often. If it did, you would be as tired of hearing about it as you are of popular/unpopular posts. + +For every person you hear of striking gold on an unknown alt, there are hundreds or thousands of others who “diamond handed” their hidden gem all the way to zero. + +And even if you did manage to find the golden ticket, you ain’t gonna ride that bitch into the sunset unless you’ve already got fuck you money. Because when you’ve got fuck you money, you *really don’t* give a fuck if that coin moons or not. So you DO ride that wave alllllllllll the way to the top. Otherwise you start imagining the difference that money could make to your life immediately and you (hopefully) make a smart choice and improve your situation. + +Or you’re Keith Gill and you hang the fuck in there no matter what. + +$TIKI is the first of its kind, a unique automated BNB reflection token, enabling holders to benefit greatly from hourly automated reflection straight into their wallet, how convenient😎 Holders can also easily view and keep track of their reflections through the innovative Tiki Dashboard. The Dashboard also allows holders to view forecasted reflection based on not only future volume but also on forecast of reinvested rewards. + +Another excellent element of this project is the dev team, who are constantly and consistently finding ways to better the token through unique innovation, always attempting to differentiate Tiki from other coins on the market. + +In terms of immediate plans; + +AMA with Blockcast, a large Asian blockchain group, in turn enabling large exposure within the Asian market. + +Internal AMA (Tiki Talk), which occurs every Saturday, allowing investors to consistently have their say in this amazing project. + +Certik audit completion is imminent + +Upcoming plans; + +-Staking +-Customisable Rewards (BTC, BUSD etc) +-Auto Reinvest Feature +-Much more, as seen on roadmap + +Tokenomics- + +10% Auto Bnb Redistribution +5% LP + +Telegram- https://t.me/tikicommunity +Website- www.tikitoken.finance +Twitter- https://twitter.com/realtikitoken?s=21 + +Contract Address - +0x9b76D1B12Ff738c113200EB043350022EBf12Ff0 +I now have roughly six rentals that are shelling off a pretty solid amount of net income each month with anywhere from $700,000 to $900,000 in equity. I have a pretty good amount of cash on the sideline for new deals, but wondering what a lot of real estate investors do if they need to tap into some of their rental property equity for new deals. I looked at HELOCs but it seems like no one will give a HELOC for an investment property. + +Thanks for the help. +So I was reading Fred Trump's wiki page and came across this: + +>In testimony, investigator William McKenna cited Trump and his partner William Tomasello (who previously had mafiaties)[44] as examples of how profits were made by builders using the Federal Housing Administration(FHA).[45]:409 **McKenna explained that the two paid $34,200 for a piece of land which they rented to their corporation for $76,960 per year in a 99-year lease, so that if the apartment they built on it ever defaulted, the FHA would owe them $1.924 million.** According to McKenna, Trump and Tomasello obtained loans for $3.5 million more than the Beach Haven apartments had cost. + +I'm curious, and not very knowledgeable on this stuff. Can anyone explain what that means exactly? Why would the FHA owe them money? +So I was reading Fred Trump's wiki page and came across this: + +>In testimony, investigator William McKenna cited Trump and his partner William Tomasello (who previously had mafiaties)[44] as examples of how profits were made by builders using the Federal Housing Administration(FHA).[45]:409 **McKenna explained that the two paid $34,200 for a piece of land which they rented to their corporation for $76,960 per year in a 99-year lease, so that if the apartment they built on it ever defaulted, the FHA would owe them $1.924 million.** According to McKenna, Trump and Tomasello obtained loans for $3.5 million more than the Beach Haven apartments had cost. + +I'm curious, and not very knowledgeable on this stuff. Can anyone explain what that means exactly? Why would the FHA owe them money? +Context: My dad is the only one currently employed and is taking care of my mom, sister, and brother. He plans on selling his house then use the money to buy a cheaper house in Vietnam to retire and move the whole family there (me excluded). + +I currently live on my own with my SO in an apartment, I make more money than him annually, but I am also paying a large chunk of my income to pay down my car payment and student loans that would end by 2024-2026. I don't make much in emergency funds saved yet. + +Would it be financially wise for me to buy his house by the end of the year when my lease ends and he move out? He want to sell it to me for $150,000. + +Additionally, I asked him if he could give me his newest car so I can just sell mine and use his and he said yes, should I do that or take his car, sell it, and use it to pay down my current car (because I like mine better)? + +Edit: Wow I did not expect this post to blew up, I'm reading everything and appreciate everyone's advices, I'm doing my best to reply, I'll edit this top post to keep it up to date. + +My current rent is ~989 per month including all utilities minus electricity. Car payment is 476 and student loans 333. Other utilities like electricity and internet ~$184. My take home income after tax and deductions is 1577 Bi-Weekly. My credit score is 735. + +I just talked to my dad, he said that he's really only planning on taking 50k to Vietnam after paying back the rest of his mortgage with the 150k and living on social security (roughly $800). He's a Vietnamese immigrant with a US Citizenship. + +I'm not at all pressured into buying this house, sentiment or otherwise, he's asking me first because he thinks its a good deal for me before he sells it to someone else. + +As for the car I also talked with him and my sister about it, my sister was the one suggesting I should sell his car and put it towards my current car and he's okay with it. + +Update: I think I'm going forward with buying the house at 180k and getting the gift of equity at 30k, hopefully able to take a mortgage loan out to pay for the car and student loans as well. +I made almost 3 months salary this week flipping TSLA calls/puts. Was fun!! Now I want to put a chunk of it in low risk, long term options. I'm trying to figure out best approach. + +These 2 examples are for same stock, at same strike. And yes, it's a stock I don't mind holding. + +A) Sell PUT that's 18 months out, but with a 50% return! Example: 1000 cash reserved, but 500 premium. + +B) Sell PUT that's 28-45 DTE, but a 8-10% return. However, because of # of times I can sell the PUTS, the total profits would actually be 3x by the time A expires. Example: $1500 profit over 18 months vs A ($500). + +So go for a 50% return with a long duration hold or 3x profit, but with constant rolling + price adjusting? + +&#x200B; + +And for those wondering what I did with TSLA, I bought 670 calls for june 10 when it dropped hard last week. When it hit 790 on thurs (june 2), I sold them and immediately bought 790 PUTS for june 10. Sold the PUTS when it hit 705 on friday (june 3). Was a wild ride with crazy profits! best trades i've ever done! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I have been with my SO for almost 7yrs. I love him, but he's been a financial mess since we met. Things improved, and I trusted him to pay bills once again, until I got a call that my car payment was late (affecting my credit) around this time last year and took over again. I decided I would pay off all of his collections accounts from prior to us dating so he would be able to be on our next lease, and used my own CC's for that, racking up debt, but knew it was for the best, and my credit could afford the hit. + +&#x200B; + +I thought everything was great. He had stopped eating fast food every day, eating leftovers instead, or microwavable chicken pot pies (he has the appetite of a toddler, so these fit in our budget and are something he will eat)...or so I thought. + +&#x200B; + +I use Mint to budget, and knew he had been getting gas with his personal debit card, not our joint card, and wanted to add it to our budget. I signed onto his bank account and saw he had been eating out, buying useless gas station foods, etc., just spending money. This entire time, I've been giving my entire paycheck to pay off the debt I had collected paying off his collections items, and neglecting eating out myself, shopping, etc. to give our finances my all. I felt extremely hurt and betrayed. + +&#x200B; + +He has no retirement (he's 29), no savings (outside of what I've put into a savings account he can't see), and clearly still doesn't take his finances seriously. He's neglected his student loans, and now has an abhorrent amount of late payments on his credit report, even though he told me he was paying them off. He just doesn't seem to care, and I'm at the point where if he doesn't fix this and take it more seriously, I'm going to leave him come April when our lease is up. I don't want to and this is why I'm coming here for advice. + +&#x200B; + +I know many of you on this sub have been where he's been for at least 7 years. What did it take for you to take everything seriously? Can I help, or am I wasting my time and breath, and am I just making everything worse by doing everything for him? If I can help - how can I help? +[link here ](https://www.finextra.com/newsarticle/36987/starling-bank-moves-into-profit) + +After hitting the break even point recently, starling are now on track to deliver a profit from here on. + +Interesting to note that their CEO cites keeping the offering pretty simple as the reason. + +I’m not sure if her long-term strategy is going to guarantee success. Rivals have been adding more features and selling points while Starling have remained pretty much unchanged since launch. While this may have guaranteed them first to the post on profitability, a stagnant offering left behind will quickly become old news. + +What are your thoughts? +I’ve been giving basically insider information on this stock for months now and have been downvoted into oblivion for it. I’ll start with this: + +My qualifications: +1.) have been to the site +2.) have been to nearly every resource extraction site in Alaska +3.) am asked for my expert opinion on resource extraction sites in the state of Alaska for over a decade now and whether or not they should be allowed to move forward. +4.) live in Alaska +5.) I know the difference between drilling for oil and pebble mining, which is probably more than 90% of the people investing in NAK. + +Are you all daft? Penny stocks are their own beast. They shift dramatically off of nothing, because they are based on basically nothing. What—you think that this site, which has been heavily debated for several decades now, is gonna make you a millionaire? Do you believe you’re smarter than the people who literally base their lives on the continuity of sites like these? + +You think this company can sell this land which is sitting on a deposit which has been unanimously protected for several decades? Some of you legitimately think NAK is gonna mine this site. It was never their intention. Their intention was to sell the rights to this site, which doesn’t even look profitable under the most extremely conservative administration that the United States of America has ever had + +I mean, my god, the son of the oligarch is against it. Those of you who laughed at the “plucky bunch of local Alaskans” who blocked it clearly don’t recognize that the plucky bunch have blocked it for decades. + +I hope you feel vindicated that you’ve lost 60% of your investment in this stock. I’ve only been telling you to get out of it for months. +I got an eye checkup and a new prescription 2 years ago. Insurance covered the cost of the appointment and I used my FSA to pay for the copay. The copay was $10. + + +3 months later I got a bill for the copay. I learn from the receptionist that their computers were “offline” the month of my appointment and the payment never went through. Well now I’ve switched jobs at this point and no longer have access to the FSA account I used to pay the bill. On principle I don’t want to pay them again so I try to contact the billing department to discuss the situation. Fast forward 2 years later, I still get a bill every 3 months and the billing department will not return my emails or calls. + + +Is a copay something that could be sent to collections and screw up my credit? If not, then I don’t have to stress when mail forwarding stops (I’ve moved) and never see the bill again. How does one dispute a bill if you can’t contact the billing department anyways? + + +EDIT: typical, “I didn’t expect this to blow up”. Big picture, life has been throwing punch after punch to most of us the last 4 years (and some much much longer). It’s tougher and tougher to get ahead and any win feels like progress against the uphill battle. Hopefully this relates and resonates with people in the comments. Is this worth getting another win? +My wife agrees with the majority here: I should just pay the $10 and drop this negativity from my life for good. If it ever does come back, I’ll have kept the payment documentation this time. Interesting information in this thread regarding healthcare bills and credit reports (and the reality of things not always obeying the law) as well as stories of what thresholds make it beneficial for businesses and agencies to go after debt. +I'm in a bit of a dilemma and would like the forum's wisdom. + +I'm currently a senior-ish person in Big Tech with a total compensation of \~$2M/yr and NW of \~$20M. The NW is accumulated from high pay for many years, quick promotions, investing (not GME!) and from being an early employee. + +I have the following options: + +1. Continue striving for more senior roles in existing company: The pay for the next promotion would increase from \~$2M to \~2.5M (25% more). The public title remains the same for the next promotion but the internal grading increases + 1. This needs a bunch of office politicking, likely increases stress and may need to spend 2x the time. +2. Rest and vest in current job: I can easily "do well" in the current role and continue earning \~2M/yr with a good degree of certainty + 1. The downside of this is my status in the company is diminished when peers / former reports get promoted over me to higher levels. + 2. This is an internal mental struggle to let go of wanting to get promoted +3. Quit and start company: My long-term dream is to start my own tech company with a set of founders that I get along well with. I'm well versed in building successful products to give this a fair shot. +4. Go into VC: Another option is to join a VC firm as a GP + 1. Can work part-time + 2. I love analyzing tech companies and investing + 3. Can use VC connections to invest own money + 4. Build network in the startup world + +The all-in yearly expenses are around $150k-200k +With inflation taking hold I am a believer that interest rates will rise sharply and give the economy some pain to settle things down. I am curious to hear from those who invested through higher (5% or higher) interest rate environments. Which kind of companies did well? Banks? Commodities? + +Also important, who did poorly or was hurt by higher rates here in Canada? + +Edit: I have been corrected that the initiation of higher interest rates were in the 80s. My question still stands for this time frame +**TL;DR:** What do you think the implications are of the U-shaped happiness curve and Financial Independence? + +Today I was reading about the [U-shaped happiness curve](https://www.bloomberg.com/news/articles/2020-01-13/middle-age-misery-peaks-at-age-of-47-2-economist-says) as we age in populations across the world and thought of FIRE. + +https://imgur.com/a/DZ2xq2E (Happiness - Source 1) +*edit: Potentially misleading graph. Do note though: +> In the seven data sets, they studied the size of the drop, in well-being to the low point in the late 40s is equivalent in magnitude to the influence of a major life event like unemployment or marital separation. + +https://imgur.com/a/hvamxFT (Despair - Source 2) + +[Is Happiness U-Shaped Everywhere? Age & Subjective Well Being in 132 countries](http://content.tcmediasaffaires.com/LAF/lacom2019/U-Shaped_Happiness.pdf) (*Source 1*) + + **Paper Conclusion** +>No ifs, no buts, well-being is U-shaped in age. In this paper I undertook what Deaton (2018) called a "daunting task" of drawing systematic comparisons across data files and countries of the relationship between well-being, variously defined, and age. + +>Averaging across the 257 individual country estimates from developing countries gives an age minimum of 48.2 for well-being and doing the same across the 187 country estimates for advanced countries gives a similar minimum of 47.2. The happiness curve is found in 132 countries. + +I started to wonder if there were any **implications of the happiness curve and Financial Independence**. + +Such as: + + +* Does declining happiness as we enter our careers prompt us to reflect on what changed and drive us to figure out a way to recover the halcyon days of our 20's? +* What is the cause of the U shape curve? Does pursuing FIRE blunt the effects? +* Is it our environment. People becoming unhappy from the mounting stress of growing responsibilities at work, home with children and aging parents? Being depended on in multiple areas of life. +* Is it biological? [They way she goes with aging](https://www.youtube.com/watch?v=cZYNADOHhVY)? Interestingly enough it seems this [U-curve is reproduced in other great apes.](https://www.researchgate.net/publication/233738596_Evidence_for_a_midlife_crisis_in_great_apes_consistent_with_the_U-shape_in_human_well-being) +* Would this data replicate in FIRE cohorts? Likely not if it results from the environment, very likely if the effect results from biological changes in my opinion. +* Should we consider this when taking in case studies of people who work hard in there 30's/40's to FIRE and report back much happier? What if their happiness would have increased whether or not they ever FIRE'd due to aging out of the bottom of the U-curve? + + + +Some highlights/low lights (source 2): + +Snippet: +>Krueger (2017) found evidence that prime-age men and women age 25-54 were significantly more tired, sad or stressed than was the case for younger or older groups. The differences were especially marked for those not in the labor force.Kruger argued that one factor that likely contributes to the low level of emotional well being of prime age, NLF men is the relatively high amount of time they spend alone. Prime age, NLF men, he found, **spent nearly 30 percent of their time alone, compared with 18 percent for prime age, employed men** and 17 percent for prime age, employed women. + +Snippet: +>The lack of social cohesion made it harder for the weak and the vulnerable including those going through what looks like a very natural midlife nadir of happiness. Social cohesion matters for health. Socially isolated people are more likely to smoke, drink, overeat, and engage in other health-damaging behaviors. As a rough rule of thumb, Putnam notes, if you belong to no groups but decide to join one, **you cut your risk of dying over the next year in half** (2000, 331). + +Snippet: +>We know from happiness research that relative things matter. People compare themselves to others. Luttmer (2005) explored whether individuals feel worse when others around them earn more (2005). That is, do they care about their relative position? The answer was in the affirmative; higher earnings of neighbors are associated with lower levels of self-reported happiness. An increase in neighbors’ earnings and a similarly sized decrease in own income, Luttmer found, have roughly the **same negative effect on well-being**. + +Snippet: +>The finding of a dip in well-being in midlife likely adds important support to the notion that being in one's forties and fifties exacerbates vulnerability to disadvantages and shocks. That is people with disabilities, less education, broken families, lost jobs and so on are likely also to get hit hardest by the effects of aging. Some might face downward spirals as age and life circumstances interact. Many will not be getting the social/emotional support they need, because midlife is the worst time to present vulnerability. They will be dealing with shame and isolation, in addition to the first order effects of whatever they are coping with in normal times at a midlife low is tough and made much harder when combined with a deep downturn and a slow and weak recovery. + +Snippet: +>People are struggling. Those in middle age in the years since 2008 were most vulnerable to a once in a generation financial shock especially if they were poor and with low levels of education. The crisis suddenly created frailty in downtrodden communities which simply exposed underlying problems with deep roots in the long decades before. It seems it is normal to have a midlife dip in well-being, but for many, especially those with the least skills, **with little social support and few if any savings, that was too much to bear when a giant downturn came along**. + +Snippet: +>Being middle-aged, especially with low levels of education, **is tough these days**. + + [Unhappiness and age](https://www.dartmouth.edu/~blnchflr/papers/unhappiness%20paper%20jan%203rd%202020.pdf) (*Source 2*) + +*I thought thinking of FIRE in this context was relevant and interesting, apologies if people believe this is not related enough to FI, I finally worked up the courage to make my first post to FIRE after being part of the community for 6 years* + +**Does the FIRE community think pursuing FI might prevent the U-Shaped Happiness curve in their lives?** + +**Edit: Forget to include the podcast link that led me to read the papers: [peak-misery-and-the-happiness-curve ~ 9 minutes](https://www.npr.org/2020/02/04/802781417/peak-misery-and-the-happiness-curve) (Produced by The Indicator from Planet Money - I'm a huge fan of Planet Money, years of content there if you like entertaining Economics podcasts) + +*shout out to user Bigfoot722 for pointing this out* +Disclosure: Some of this is speculative and may need some fine-tuning, please chime in if you have something to add. This is a story of what has likely happened, and what is likely happening now, and in the absence of facts, I've made assumptions. + +TLCR: Brokers don't have your shares to DRS, are trying to procure them over a period of weeks to months. Fidelity is engaged in corporate warfare by BUYING IN undelivered shares transferred to their firm and sending the contra firm the bill. Not telling you what to do but I'll be Buying, HODLing, and DRSing... + +I have an Ortex subscription and I monitor the borrows, returns, and rates. I've been watching GME's ticker since January. I've studied GME's volume extensively over the last decade. This is an idiosyncratic stock and other DD's have uncovered a lot of the mysteries that explain its uniqueness. There's been a bit of data that's always made me wrinkle my brow and I believe that with the development of the friction associated with DRS transfers and the eye-opening DD that's been written all the way I finally have an explanation. One of GME's idiosyncratic attributes is its irregularly low borrow rate, but unexplainable (for me at least) is why I occasionally see the borrow rate as a negative. **THEY ARE LITERALLY PAYING PEOPLE TO BORROW THE STOCK.** + +**Who's** is paying someone to borrow the stock? Your broker. Why? Their leverage ratio puts them at vulnerable risk levels. + +First, let's talk about leverage just to build the foundation of what I'm about to accuse your broker of. **Leverage** in the most basic terms leverage is a ratio or a fraction. The numerator (top number) is **Debt** or **Liabilities**, and the denominator (bottom number) is **Assets**. For example, if you bought a home with conventional financing in the US your leverage ratio, with regard to the property, would likely be 5. Let me explain, conventional financing typically requires a 20% down payment, so if you buy a house that's worth $1,000,000 (I was going to use $100K, but you Apes need to get used to the larger numbers) the bank will require that you have $200,000 as a down payment. So the ratio is $1,000,000:$200,000 or $1,000,000/$200,000. Now we simplify, and we have a 5:1 or 5 leverage ratio. I don't know where to put that number for your broker, but I would put most brokers (looking at you E-Trade, TD Ameritrade, Robinhood) at risk thresholds. + +https://preview.redd.it/w5xx68fdavr71.png?width=1024&format=png&auto=webp&s=8bb65fd7dbf482779657eb26819e7546b2c1431e + +**HOW?** I think that through either internalizing your order, meaning they took your money and wrote down an imaginary position in your account and planned on paying you back with your own money when you "predictably" sell for a loss because that's what "dumb money" does or possibly because there was NO LIQUIDITY and NO SHARES FOR SALE but they weren't going to miss out on taking your money and predictably buying this stock when it was MUCH lower, pocketing the difference. OR, your broker did transact a trade for you but that trade failed, they got a refunded, and they never took the necessary steps to ensure delivery of something you paid for, once again, because they know that "dumb money" sells meme stocks for a loss. Here's an example: + +&#x200B; + +https://preview.redd.it/f58iafhtavr71.png?width=577&format=png&auto=webp&s=29dbd6f807c0ee58a90970a234f53011fd3672a6 + +Jim bought 100 shares of GME for $30 on January 13th. The broker either internalized or failed to ensure delivery of your stock and pocketed the money. On January 28th Jim's broker's leverage ratio, when GME hit $450, was 450:30 x 100. In other words, they were leveraged 15:1 or their leverage ratio was and they now owed Jim $42K worth of GME. See how that could be problematic if you did that with millions of orders? I accuse the entire Financial System of collusion from the Fed to the Hedge Funds, to the Market Makers, to your very own Broker. + +Back to the negative interest rate on borrows, if they need to decrease their margin risk or leverage ratio why are they are incentivizing borrows with the few assets they actually hold? The big reason is that it helps keep up the **charade** and appearance that they aren't in existential crisis by providing liquidity to the market. The second is that it creates **downward pressure** on the price, alleviating the numerator (Debt/Liability) in this ratio. Third, Apes deposit money and **buy the dip**, coincidentally THIS TIME they transact and procure the asset, thereby increasing the denominator (Asset), which strengthens their leverage ratio and provides one more share that they can pay people to borrow to drive the price down. I think in many regards, they are playing Market Maker and hedging into GME by internalizing the comparatively few shares their customers do sell and transacting every buy. This incrementally strengthens their ratio, but during **periods of increased margin risk** (around future's settlement) they HAD TO BUY-IN, coincidentally margin risk is typically greatest during futures settlement dates. + +**Slowly they were getting a handle on their Risk Level Margin, but then the apes started transferring.** + +https://preview.redd.it/zkx4xmb5ovr71.png?width=1161&format=png&auto=webp&s=4cd68c557ef4e09d67b59e757ec0898d2df4bd4d + +**FOUNDATION** + +Watch Thomas Peterffy's interview again. In fact, watch it twice. + +[https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +With that volume, everyone in the industry knew that the vast majority of shares would Fail-To-Deliver. There's was effectively 0 liquidity, and without intervention, the stock would have gone to the moon and an entire financial system would have gone up in smoke. + +It's important to take note that Fidelity sold 9,276,087 shares of GME between 12/31/20 and 1/29/21. + +You're going to hate me for not citing this (if you know where it is, let me know), but in one of the Class Action court documents I saw an email or chat where Citadel said they wouldn't be paying for Buy Order Flow, only Sales Order Flow. Meaning, they weren't willing to buy shares on their tab and be responsible for the inevitable failed delivery to Robinhood on GME, exposing them to even more risk, because of its potential to rise exponentially. Robinhood couldn't take on the risk by itself, as it had already taken on excessive risk. + +So, nearly every broker who didn't shut down the buy button was essentially short selling you a security that they had no expectation of delivery on, and could only HOPE (and cheat) that the price would go down enough to manage this disaster. **Why?** Because they'd already done it, not excessively at first, just a little extra profit-taking. Then it became a loss, so they figured they'd do it a little more, dilute the price a bit, these suckers will sell. They did that until they found themselves looking at their potential demise. Remember RC's "Don't do drugs, drugs are bads" Maybe a reference? + +[https://twitter.com/ryancohen/status/1425606429574979584?s=20](https://twitter.com/ryancohen/status/1425606429574979584?s=20) + +&#x200B; + +https://preview.redd.it/103dzoucgvr71.png?width=735&format=png&auto=webp&s=082e4e8f7faee91fc8de12428e6c7e61e38c7c18 + +**MIGRATION** + +It's also important to note the First Great Migration of The Apes was the exodus from Robinhood. Gauging sentiment, it seems that Fidelity won over the vast majority of that population. Fortunately, for The Apes, Fidelity had apparently sold their own stash of during that period GME was not available to buy or nearly guaranteed to fail delivery. As a result, Fidelity was able to maintain a conservative leverage ratio and a grip of cash on hand. They saw an opportunity to put a competitor on the ropes, and engaged in violent corporate warfare. Instead of simply holding a place on their ledger for the securities that Robinhood was transacting a Non-ACAT transfer for (allows 4 to 6 weeks for delivery, seen as an **Accounts Payable** or **Undelivered Assets** by the sending firm and an **Accounts Receivable** by the receiving firm), it appears that the receiving firm has the option to "Buy-In" the position and send the contra firm the bill. When The Apes began transferring in February Fidelity did just that being a major player that had limited risk by selling their own shares over short selling, as a result they also had a windfall of cash from the very same move. + +Now, couple that with the Danger Level Leverage, Brokerages had taken on during this "Black Swan" event, Fidelity's Buy-In was the catalyst for the February 24th run. It became a feeding frenzy between brokerages just to maintain just the BARE MINIMUM Leverage requirements. If you read the Robinhood IPO, you find out that in February Robinhood had a seemingly rushed $5B issuance of convertible notes and warrants with bargain rates and conditions. I believe Fidelity sent Robinhood a bill for $5B after proactively Buying-In a large portion of Robinhood's obligation to deliver. + +&#x200B; + +https://preview.redd.it/q751836igvr71.png?width=1252&format=png&auto=webp&s=f979585c60408cf6daf9255df81363eba6e541a8 + +**REGISTRATION** + +The second example is The Ape's mass exodus from their broker to Computershare. What happened to Robinhood is now happening industry wide. They are using cash or credit that is extremely thin to fulfill their obligation by buying shares and realizing a huge loss, and while that decreases the ratio incrementally they are then are required to immediately remove that share, an asset, from the entire equation. This is why they are dragging this out as long as possible, they are on the brink of bankruptcy and liquidation. This puts them at high-risk margin levels and what's compounding the problem is that Apes suspicious of those time frames transferred to Fidelity to DRS because once again, Fidelity has once again found itself in a position to deal bone-rattling blows to their competition by BUYING IN the undelivered position, and sending the contra firm the bill. + +In summary, every share DRSed likely requires a corresponding buy. Some brokers will likely become insolvent and be liquidated, the system may actually be trying to consolidate those liabilities with a few bag holders, it's what I would do. Most likely are TD Ameritrade, and E-trade. Both are acquisitions by Schwab and Morgan Stanley, but the most valuable part of broker acquisitions are the Client Accounts, they often don't need the brokerage's infrastructure or employees as the model is very scalable. + +&#x200B; + +https://preview.redd.it/cdkk7kk6uwr71.png?width=2290&format=png&auto=webp&s=68862a9f88ef7e00c0676a25fc6c3fe16521b47a + +**REVELATIONS** + +For those of you who don't follow Ryan Cohen's tweets. The numbers 7 4 1 are a repeating theme, whether that's the time stamp or posts per month in chronological order. + +**741** [https://www.law.cornell.edu/uscode/text/11/741](https://www.law.cornell.edu/uscode/text/11/741) + +Google 741. Top of the page, there it is. US Code that pertains to **Broker-Dealer Liquidation and Bankruptcy.** + +I took this potential 741 seriously and diversified my holdings among five brokers. Transfers were a real eye-opener as I saw transferred cost basis and a mix of ACAT vs Non-ACAT transfers within the same transfer request. For each DRS transfer request TD Ameritrade took EXACTLY 10 business days to submit the transfer BOTH times and I was an early adopter. E-Trade has followed suit. I've transferred from the very same account at TD twice to Fidelity and completed two DRS transfers before TD or E-Trade fulfilled their obligation. I'm pulling everything I have as fast as I can from these two brokers. + + +[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. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I am a total noob to the investment thingies and I need a general advice on it so that I don’t do anything stupid. +I am 26 years old and i can invest around 500 eur per month. What are some good possible options? +I was thinking about buying stocks of big tech companies but people keep telling me to invest in ETF’s. Which ETF’s are good? + +Note- I opened degiro +With T212 just announcing a currency fee and Revolut keep shitting on the free fx exchange limit I'm wondering if anyone uses IB here and is familiar with their fees since the website looks shit with 15 types of fees and most of them listed in USD. + +We need 100k euros to avoid the 10 euro monthly fee? + +What is this -0.7% Currency Handling Fee about? people are paid 0,7% or charged it as a fee? + +People say a big advantage of the account is their currency exchange but is it really? Anyone tried? I'd be surprised if they let you invest a lot in EUR, convert to another currency then withdraw to a different bank account. Withdrawing to the same bank account isn't so good as you're likely to be hit with some currency fees. + +Only 1 free withdrawal per month? ;f + +How is the app/website? +So im 25y from Portugal and living in The Netherlands for 3y. Im a developer with 5y experience getting around 3.9k gross month. +Even tho I don't like to compare myself with others, I feel I have to do it this time in order to know if im in right path. + + +For comparison of a 25y who lives alone, in a studio, and saves 1k per month + + + - My current state vs portugal - I think in Portugal its really hard to save what Im saving, so i think im doing pretty good compared to my financial situation when I was living there and to most young ppl of my age + + - My current state vs The Netherlands -I dont know too much about current financial situation of young ppl in NL so is this saving value bad, good or expected for someone living in The Netherlands? + + +same questions apply to my total savings. I have around 15k saved. + + + I have the feeling that 1k per month its good but 15k its so little. So I would like to know some opinions about my current situation and maybe some tips how to improve. + +Some notes: + +I work since I was 20y, 2y in Portugal and 3y in NL. If I remember correct, salaries were 1.1k(Portugal) 2.1k and now 3.9k(NL). +Only the year 2022 I was able to reach the 3.9k salary. +I had no help from family , I also had to help them with around 4k +I also spent bunch of money trying to enjoy my 20's, mostly traveling. +I have currently 60k euros, which I would like to give it to my mom in a way to generate for her free cash flow. I would like this free cash flow to be potentially either monthly or quarterly so it can help with her daily expenses. + +I live in Slovakia rent prices are unreasonable small compared to the cost of the flat. (450 monthly rent including utilities which are 250 so the pure rent is only 100-150eur while the flat costs 80k) similar with agricultural land. I was thinking about dividend ETFs but the tax seems quiet high on it. Do you think it would make sense or you have some other suggestions? +Hello my dear eu personal financers, + +I already have funds and shares. My current strategy is to make my portfolio a little bit more secure. I made some money last year with some speculations during the market crash and some single companies (TSLA, APPL, ... just like everybody else. Cashed out most of it). At the moment I don’t feel comfortable investing too much money in single companies. As I have some cash aside (10k€), ETFs seemed to me like a good way of a sustainable and stable portfolio. + +My plan is to cash out the majority of my money in 7-10 yrs and use it to buy a home. I am currently eying three branches of ETFs: Green Energy, Automation and AI, and Social Media. + +As I come from single stocks, I am not sure how to assess what is a good ETF and what not. So here are a few questions: + +* How much does execution matter? +Is volume, ask, bid or anything else something, I should have in mind? Can it happen, that I am stuck with an ETF because no one wants to buy it? (Sry, if that is a stupid question) + +* At what numbers are you looking when you pick an ETF? +For Shares, I usually look at Buy/Hold/Sell ratings, Analyst Price Targets and Annual Revenue/Earnings. But for ETFs there is nothing like that (or I didn’t find it). + +Thank you for your help :) +**Official announcement (with screenshots/video; text below):** [https://brave.com/tor-tabs-beta/](https://brave.com/tor-tabs-beta/) + +**CNET coverage:** [https://www.cnet.com/news/brave-advances-browser-privacy-with-tor-powered-tabs/](https://www.cnet.com/news/brave-advances-browser-privacy-with-tor-powered-tabs/) + +# Brave Introduces Beta of Private Tabs with Tor for Enhanced Privacy while Browsing + +Today we’re releasing our latest desktop browser [Brave 0.23](https://brave.com/download/) which features Private Tabs with [Tor](https://www.torproject.org/), a technology for defending against network surveillance. This new functionality, currently in beta, integrates Tor into the browser and gives users a new browsing mode that helps protect their privacy not only on device but over the network. Private Tabs with Tor help protect Brave users from ISPs (Internet Service Providers), guest Wi-Fi providers, and visited sites that may be watching their Internet connection or even tracking and collecting IP addresses, a device’s Internet identifier. + +Private Tabs with Tor are easily accessible from the File menu by clicking New Private Tab with Tor. The integration of Tor into the Brave browser makes enhanced privacy protection conveniently accessible to any Brave user directly within the browser. At any point in time, a user can have one or more regular tabs, session tabs, private tabs, and Private Tabs with Tor open. + +The Brave browser already automatically blocks ads, trackers, cryptocurrency mining scripts, and other threats in order to protect users’ privacy and security, and Brave’s regular private tabs do not save a user’s browsing history or cookies. Private Tabs with Tor improve user privacy in several ways. It makes it more difficult for anyone in the path of the user’s Internet connection (ISPs, employers, or guest Wi-Fi providers such as coffee shops or hotels) to track which websites a user visits. Also, web destinations can no longer easily identify or track a user arriving via Brave’s Private Tabs with Tor by means of their IP address. Users can learn more about how the Tor network works by watching this [video](https://youtu.be/JWII85UlzKw). + +Private Tabs with Tor default to [DuckDuckGo](https://duckduckgo.com/) as the search engine, but users have the option to switch to one of Brave’s other nineteen search providers. DuckDuckGo does not ever collect or share users’ personal information, and welcomes anonymous users without impacting their search experience — unlike Google which challenges anonymous users to prove they are human and makes their search less seamless. + +In addition, Brave is contributing back to the Tor network by running Tor [relays](https://metrics.torproject.org/rs.html). We are proud to be adding bandwidth to the Tor network, and intend to add more bandwidth in the coming months. Our relays can be viewed at: [https://metrics.torproject.org/rs.html#search/family:FBC2856A48705F3ED17E504F8FC89EC6433ED25D](https://metrics.torproject.org/rs.html#search/family:FBC2856A48705F3ED17E504F8FC89EC6433ED25D) + +Since Brave’s implementation of Private Tabs with Tor is currently in beta, there are still some known issues and [leaks](https://github.com/search?utf8=%E2%9C%93&q=is%3Aopen+is%3Aissue+org%3Abrave+label%3Ator%2Fleakproofing&type=Issues)which we intend to fix in future versions. We welcome developer contributions to our Private Tabs with Tor feature via [GitHub](https://github.com/brave), and look forward to releasing updated versions in the coming weeks. We also plan to include support to choose exit node geolocation in the future. For users who currently require leakproof privacy, we recommend using the [Tor Browser](https://www.torproject.org/projects/torbrowser.html.en), which provides much stronger and well-tested protection against websites or eavesdroppers using advanced techniques to uncover a true IP address. + +We’re excited about providing our users with a new way to protect the privacy of their browsing habits, especially as more sites and advertisers are using tracking techniques and abusing user trust. Our user-first approach aims to standardize a privacy-by-default model that gives users ownership of their data and online experience, and Tor integration via Private Tabs vastly contributes to our platform. + +Note: In addition to Private Tabs with Tor, Brave 0.23 features an updated icon set, refinements to the primary toolbar styling and dimensions, adjustments for tab previews, and usability improvements in the title-mode feature of the URL bar. Brave 0.23 also includes improved compatibility with Google’s suite of productivity tools, which now work better with Brave’s default Shield settings. +With nearly all my other dividend picks I’m getting decent growth too but T has been stagnant last year or so. I feel like if they dump DirectTV and tighten up they’ll be a long term winner but depending how long that takes I wonder if I should allocate my funds elsewhere? How is everyone else feeling? Holding strong? Park it somewhere else? The dividend is juicy but the lack of growth lately has been lackluster. +Myself and two peers were promoted recently, and I’m not thrilled with the increase I received (I was told I was at the top of the previous salary tier). I’d really like to understand what my peers received. I know that it is illegal to penalize sharing your salary, but I’m still not sure how to tactfully broach the subject with my peers. In my company culture this is not common. I also don’t want to seem ungrateful for the promo and while bonus structure has increased dramatically base still feels critical to hitting my RE goals. If I were relatively new in my career I’d probably just be direct about it but has anyone done this at the exec level? If so what worked & what didn’t? +**Edit**...thanks so much everyone. I’ve read every single reply and really appreciate everyone that’s taken the time to give me advice and/or words of support and encouragement. Thanks also to the men in my DMs telling me to try harder on my marriage 😂 + + +I’m feeling less terrified about the prospect of being free. + + + + + +—————- + + + +I live in a major English city (not London). Considering leaving my husband for various reasons not relevant here. + + +I’m looking at mortgage payment + bills + car + groceries = ~ £1,000. This would leave me with around £700-800 for the rest of the month. I have 1 child under age 5. Childcare not an issue. + + + +I’ve never been financially independent before and just want some reassurance that I’ll be okay. I used the word “survive” in the title but I don’t really just want to survive, I want to live and be happy. +Once MSM and the rest of cronies acknowledge the interview the cats going to be out the bag. FTX has been sweeping headlines for the past week and what none other way to bring everyone to the place that's been detailing this fuckery from the start. GMEDD and Superstonk. He knows we won't twist his words and he also knows people have poured days of not years of their lives into truly having a DECENTRALIZED and fair market. + +What else happens this week? That's right! The time where friends and families get together in large groups more than any other holiday. Even the great Arnold Schwarzenegger says he isn't a made man because of the friends he made in the gym and what they did for him during thanksgiving. For those who don't know a quick recap, A group of his friends all brought food to his house and told stories on why they enjoyed having him and helping him when he had nothing. + +He literally started off the interview by saying he's been so busy with work he hasn't had time to play. Well I'm going to be playing that sweet GME shanty as I gather everyone around ye table and tell them the shorts never closed. +People who say APEcoin is going to be valuable and has utility, can you explain to me how is this coin going to be valuable without saying ''oh you're gonna regret not buying now, to the moon!''??? What are your reasons? + +Any use case that coin has? Any utility? Any futuristic promise? + +What does make this coin different than other sh\*tcoins??? + +How does this coin deserve it's $2Billion market cap without any utility??? + +Please explain to me, I'm waiting. +Greetings fellow Apes, Ape-ettes, Non Binary Apes, and those I've missed! + +Keeping it short and sweet: + +Be cautious when reading ANYTHING and EVERYTHING, even in beloved Subs. They will try to get you to think the squeeze has squoze when it's just getting started. + +Regarding the MOASS, Shitadel & Co, and even General Economics, nothing will really effect the REAL price of a stock (Once it squeezes) other than who's buying and who's selling. (and they will need to buy A LOT) + +MSM could say Shitadel has closed and covered positions when the price is at 1k, 10k, or even 100k and twist the narrative with added shorts, simulating the peak to get us Apes to sell. HF's and MSM want Apes thinking "Well Shitadel is bankrupt, that means it's over, so I'll sell..." + +WRONG + +Even if they are bankrupt and some HF's won't be playing ball with us anymore, it doesn't mean we give up too. + +IT MEANS WE CAN SCORE ON AN EMPTY NET. + +Let the Tendieman come. + +I FOR ONE AM NOT EVEN ENTERTAINING THE IDEA OF SELLING BELOW 10 MILLION PER SHARE + +I for one don't care what's happening in the world, I will only look for when the selling price of one share is Greater than 10 Million, then I'll be interested in selling 1, and only 1 as a pity share to those HF's. +http://www.cnbc.com/2019/09/05/tyson-foods-invests-in-plant-based-shrimp-company.html + +After selling its stake in Beyond Meat in the spring, Tyson Foods' next bet is on plant-based shellfish. + +Its venture capital arm is making the investment in New Wave Foods. + +The start-up makes plant-based shrimp from seaweed, soy protein and natural flavors. +Hi everyone, + +&#x200B; + +I need some advice and other perspectives. I'm considering bankruptcy, or letting my payments lapse, but not sure if that's a good idea in the long run. I dug myself a hole and I recognize it, I understand the severity of the debt and constantly beat myself up over it. I have never missed a payment - my credit score is at 600. + +&#x200B; + +Nonetheless, i'm going to separate the good and the bad, and if you could let me know what you'd do in my situation - i'd appreciate it. + +&#x200B; + +Bad; + +1. Credit Card Debt - $37.9k; total of minimum payments is $869. + 1. AMEX Everyday, $15.8k - card cannot be used anymore. **LOW interest.** + 1. On a repayment plan over the next 4 years, paying a fixed payment of $356. + 2. AMEX Gold, $2.8k - card cannot be used anymore. **LOW interest.** + 1. On a repayment plan over the next 3 years, paying a fixed payment of $102. + 3. Discover Bank, $9.7k used out of $13.3k available. **HIGH interest.** + 1. Paying the monthly minimum of $194. + 4. Citicards CBNA, $5.5k used out of $5.8k available. **MED interest.** + 1. Paying the monthly minimum of $55. + 5. Capital One, $1.8k used out of $2k available. **HIGH interest.** + 1. Paying the monthly minimum of $55. + 6. Paypal Credit, $1.5k used out of $2.2k available. **MED interest.** + 1. Paying the monthly minimum of $40. + 7. Wells Fargo Store Card $758 used out of $2.6k available. **HIGH interest.** + 1. Paying the monthly minimum of $67. +2. Loans/Auto - $31.2k; total of payments is $1191. + 1. Credit Union personal loan + 1. $1720 left out of $5000 original, monthly payment of $102. + 2. Fifth Third Bank personal loan + 1. $1503 left out of $5300 original, monthly payment of $147 + 3. Ford Motor Credit auto lease, payment of $492 + 1. 2 years, truck used for business + 4. Credit Union auto loan for Jeep (READ \*NOTE BELOW) + 1. 6 year loan, $450 payment, balance of $28000. +3. Phone/Insurance + 1. Phone is paid off, $50 a month bill for data/service. + 2. Insurance for each car is $200, after Jeep is sold/cancelled it would be $200 total. +4. Mortgage + 1. I am on my father's mortgage as he needed a co-signer or would have lost his house a year ago. I don't pay the payment and it is paid by him. Legally, it is on my credit report and I am responsible. Payment is for $1300. +5. Total going out - $2310 in minimums. + +Good; + +&#x200B; + +1. Income, $100k in the next fiscal year. + 1. I started up a construction services company with a friend, and we just signed a contract that will generate us each $50-60k in profit over the next 12 months with a lot of work. We are looking to bring on employees and/or work at night as a second job. + 2. I am about to start a white collar job as a day job, and should generate a net of about (at least) $1000 a week after taxes. + 3. Total coming in, about $2000 a week after taxes. +2. I was doing very well before this debt piled up making $80k a year from a single income source, but have been unemployed and living in an expensive apartment paying about $1700 in rent a month for the past 6 months. This is when most of that debt piled up. Both of the above income sources are news as of last week, so I really want to turn around my situation. +3. I moved back in with my parents to negate paying rent and most food expenses as of 2 days ago. +4. \*\*I am interested in renting my Jeep out on Turo OR selling it to cover other payments, I would net about $1-5000 depending on if sold privately or to a dealer. This car was purchased last month for the sole reason of being over mileage. I would have owed $2000 for mileage, but instead - bought it and can likely turn a profit on it. I have no interest in keeping two cars for luxury and understand that I am not in a position to do so. + +&#x200B; + +What do you all suggest I do? I understand I am just about to start generating income again, so I want to be as efficient as possible with my planning. I know Dave Ramsey's payment plan, where you pay small sums first for mental motivation - I also know that may not be the most efficient way to pay everything off. I understand I messed up. I understand I maybe should have moved back into my parents' place 6 months ago. I didn't really have debt advice growing up from my parents, and they are not the people to turn to in a situation like this. + +&#x200B; + +Thank you to everyone in advance. +Someone asked her if apes gave all the data, would she be willing to put it together to hand to the SEC in the format she is recommending. This sounds like a great opportunity!!!!!! How can there be deniability from the SEC that they did not know after a former SEC chief hands them the entire booklet. I wish I understood the DD so I could hand it to her. But if a couple of our more wrinkled apes could collaborate and put it together for her, she said she would take it from there. She said we know how to contact her and that she would do it. Feels like if we don't, we are missing a great opportunity. Also, those wrinkled apes that work with her will prob learn a ton more by just working with her and being able to ask questions. +OMG what the hell do I do? It's not even noon here and I'm already drunk and have spent 2 hrs playing Hearthstone and another hour screwing around on reddit. + +I've literally made no plans. + +Well, okay one plan: re-read the Malazan Book of the Fallen while sitting on the beach. + +I'm also waiting to hear back on a potential 2 mo. contract, but I expect that to fall through. So wtf do I do at 40 with 1.8 MM banked? + +EDIT: Folks have offered tons of great thoughts/suggestions, thanks for that! Others have asked for specifics. I'm not really comfortable going into detail, but for those wanting really in-depth and nitty-gritty details I'd strongly recommend the posts by /u/jasonlong1212, like this one: + +https://old.reddit.com/r/financialindependence/comments/8nncm7/has_it_been_a_whole_year_yep_or_an_early/ +I’ve put in an offer and the agent is about to give me a contract and they asked for details of my solicitor if I have one. What is a solicitor for? Do they need to sign anything? +Disclosure: 4 months into investing only. Daily I see "Rate my portfolio" posts or discussions consisting of ppl exposing their holding, which in 99% cases consist of FAANG + MSFT/WMT/NVDA etc with 3-15% ratios. (I left 1% for those full TSLA/NIO nukers) + +What is the point of this in comparison with holding 1-3 ETFs like VTI, SnP500, QQQ, ARK, ICLN and so on with little to no overlap? I compared performance and its very similar, those companies don't deflect from market performance that much, if at all. You practically trade 0-2%/year for broader diversification. + +I am asking because I am on a verge of investing in individual stocks my self but my take on it is different and I want to double check. + +My Strategy - For past 4 months I pumped 2k every 2 weeks into Vanguard FTSE AW (80%) + Vanguard FTSE EM (20%) (EU citizen) as a stable base. Additionally I bought 3k worth of AMD at dip of 59, because I follow this this industry and AMD is what practically got me into investing. I use and believe in their products, love range of markets they appear on and upcoming product lines indicates, that upward trend is going to continue. But.. even tho its improving, their debt to assets ratio is quite high and p/e indicates overvaluation, so I am planing to sell at 90 or day before products launch (4th of November). Sorry for OT. Lets get back on track.. + +I want to hold ETF to single stock ratio of 75/25 % and looking for my next move (VRTX or FSLY after dip,,DOYU, BABA..?), but why chose mildly growing stock that doesn't deflect from market trend? Am I wrong to assume that? Thanks for your reactions.. +So, a small amount of backstory. Long story short, I graduated highschool 2 years ago, immediately got a full time job, and saved up ~$3,000. After that, I moved out with my girlfriend to support her with her education. I don't know how it all went downhill so fast, but 7 months later and i have $197 left in my savings and im struggling to afford my rent. + +Initially, when I moved, I took a job doing roofing at $18/hr. I moved around through a few trades and things were alright, but then I took a job as an electrical apprentice at $16/hr. The thought process was that if I could tough that out financially, I could be making good money down the line. + +However this absolutely isn't working. My girlfriend lost her job dud to covid (worked at a theater), my rent is $1,087, plus wifi (essential for schoolwork as everything is online), and my car insurance/payments. I struggle to cook meals because when I get home I have no energy so I spend way too much on fast food. I'm looking for another job that pays at least $17.50 an hour, and I plan to get a part time job on top of that, but i still have a very poor idea of budgeting and financial responsibility. Please help. Thanks! + +Edit: i just want to say thank you to overwhelming amount of support this has received, I've gotten a lot of great advice and I currently working on making a tighter budget, working towards higher education/more potential for higher income, and my girlfriend is looking for jobs in the area. Thanks to everyone who's replied! :) +all day long making money. until i wasn't. y'all are my witness: i will never trade without a commitment to sell at a certain percentage/$ again. lack of discipline costs money. i didn't lose a ton, but i lost all my gains plus 50% for the day. then i had to sell at the dip because i was afraid of my account dropping below $25k. lesson learned this time, i hope. wtf. so mad at myself. :( + +anyway: i will never trade without a clear exit commitment again. +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.* +My older brother and his wife had dreams, but he kept saying he would postpone them until he retired. + +He wanted to travel the world. See exotic spots. Train for a marathon and complete it faster than other people his age. Live in 12 different cities around the world every month for a year and wander the streets and live like a local. Work on his golf game and finally get a hole in one. + +Finally, he reached 62 and went on Social Security and became eligible for his pension. Within a few months, his arthritis became so bad he can hardly move. He has gone to countless doctors, they can't really help him. + +Waiting to retire a few more years so he could save a bit more money was a terrible mistake. Can you relate? +BERLIN-- Volkswagen AG, the German car maker embroiled in an emissions-cheating crisis, said Wednesday it swung to a EUR1.73 billion ($1.9 billion) third-quarter net loss and issued a full-year profit warning, as the cost of repairing tainted diesel-powered cars began to slam earnings. +The quarterly loss compares with a net profit of EUR2.9 billion a year earlier, and was caused largely by EUR6.7 billion in special items, largely the charge against earnings that the company has taken to pay for a global recall of up to 11 million cars containing illegal software that allows them to dupe emissions tests. +http://www.marketwatch.com/story/volkswagen-posts-19-bln-loss-warns-on-profit-2015-10-28 +Good Morning Apes! + +I know everyone's tits are pretty jacked from some of the news that broke over the weekend. I'm not gonna lie and say mine aren't. But let's take a moment to talk about the relevance. + +XRT and MEME (literally on it's ninth trading day live) being added to the RegSHO Threshold list is pretty significant not because they actually contain that much GME but because this provides some proof that the whole ETF basket is being over-shorted to provided synthetic liquidity for them to short/hedge these ETF basket stocks. GME is most definitely one of those stocks. + +I've heard a bunch of talk over the week end saying they have T+13 to cover these but I wanted to **debunk** that. RegSho threshold simply creates a first in first out clearing schedule for the stock in question after 13 trading days (starting on January 5th for XRT) once this clearing begins the only way to short that asset is by "pre-borrowing", essentially locating and borrowing the shares in advance of being allowed to short. A stock can remain on the Threshold list for any amount of time. But the bullish news is after January 5th they will no longer be allowed to use XRT or MEME to short GME. + +The second thing, Is JPM's buy in. To me this is pretty significant and definitely being used as a signal to other institutions. JPM bought into a $13m position on GameStop with no hedge, 55,391 shares and options representing another 20,800 shares (not sure if this is 208 contracts or delta value of 20800 shares). They made published this data from November almost immediately after announcing short squeeze conditions in the market. + +**What's expected for this week** : + +Well **today through Wednesday** marks the T+2 settlement period for GME Quarterly and ETF LEAPS gamma exposure. While both GME and GME containing ETFs were shorted massively last week there should still be exposure from the cash settling of the put contracts and the bona fide MM of synthetic shares. I expect we will run up similarly to November. A lot of people have asked me for volume estimates, unfortunately I have none. Last year during this part of the cycle we traded almost 50m shares. GME no longer has that kind of liquidity and volume is nearly impossible to predict. We know they have exposure from expired futures and gamma from the options chains. My conservative (because of volatility) estimate is somewhere in the 200-225 range. + +[The white bars represent data from last January's run. They are simply to illustrate price action and do not represent price targets.](https://preview.redd.it/25yk0ejwcp681.png?width=2392&format=png&auto=webp&s=a76370ea5724036677294504acab2f27edee7b3c) + +&#x200B; + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Closing up just barely after a full day of synthetic price suppression. Last December we ran overnight 🤞 we do again... GME outperforming the market today is definitely a bullish sign. I'm still maintaining my expectations for 200-225 as expected movement but we should see a big uptick in volatility if they intend to cover all at once. I will be monitoring AH and PM for indications that covering has begun and update in the morning. Have a good night, see you tomorrow! + +\- Gherkinit + +https://preview.redd.it/wachlsayir681.png?width=696&format=png&auto=webp&s=2dccd8bc48f749d8b98332bad523103552b5d112 + +Edit 5 3:30 + +155 put suppression failed. With that broken down we can start to move to the upside, next key resistance is 162.50 + +https://preview.redd.it/26geg71hcr681.png?width=1625&format=png&auto=webp&s=b4dcb87fa66017203bd2a7757175a3afc9762f41 + +Edit 4 1:49 + +Second breakout of VWAP today if we hold above this is bullish for the last two hours. + +https://preview.redd.it/n5d6td09uq681.png?width=1618&format=png&auto=webp&s=95a2658f1df690d04b0b32e88b1e5d8cd85a2247 + +Edit 3 12:69 + +Just flat bleeding theta, consolidation is in a narrow range and we are resisting the fluctuations of the overall market which is good. + +https://preview.redd.it/f9lqk348nq681.png?width=1252&format=png&auto=webp&s=a1e5ee339f4933f9fa34fab6bf1edcbd0ba1c034 + +Edit 2 11:10 + +After failing to sustain VWAP GME slid down along with the overall market. Several Dec 23 155p were opened and several Jan 21 140p were closed. Showing a continued interest in price suppression today indicates a large run today is unlikely. Historically we run on Tuesday and Wednesday in these cycles. Support found again at 150. + +https://preview.redd.it/8mjsulub2q681.png?width=1638&format=png&auto=webp&s=7d9c4f4884dc5b50be103532ceca7c33b47edcd1 + +Edit 1 10:15 + +Opening spike fell of but GME found support at 150 and looks to be confirming a reversal this break through VWAP can precede larger moves. + +https://preview.redd.it/w48t0u06sp681.png?width=1675&format=png&auto=webp&s=921519d30c791b4b926dde7efde2704fb0aad76b + +# Pre-Market Analysis + +Big drops in the DOW, S&P, and Nasdaq this morning leading to some early morning sell pressure. China's markets also down significantly last night. VIX futures started running last night so we are definitely looking at a volatile day. GME down -3.26% on 33k volume this morning. + +Shares to Borrow: + +IBKR - 100,000 @ 1.0% (still elevated but down .1%) + +Fidelity - 484,582 @ 0.75% + +[GME pre-market 1m chart](https://preview.redd.it/gnwar79tdp681.png?width=1662&format=png&auto=webp&s=826757010b1588a330fefaa538058f3ed4b561a7) + +CV\_VWAP + +[Arbitrage is mostly corrected from Friday's run.](https://preview.redd.it/zhruu4tgep681.png?width=2448&format=png&auto=webp&s=28fa9694f6076dda19acba15792e30d5e66cf026) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Hello UKPF, + +I'm a long term lurker and enjoy following this community. I've created a throwaway account for the obvious reason of friends/colleagues potentially spotting me... + + +I just wanted to share that I paid the final balance off my mortgage this lunchtime. It's quite a weird feeling - it's slowly sinking in as I type this and the relief is incredible. I'm 41. + +&#x200B; + +This isn't a gloat posted, but share that all I did was over pay a moderate amount consistently over the term, which put me in a position to complete the mortgage term in just over 16 years. Committing to the over payment early stopped me wasting a small amount I had left over each month. It was the best phone call I've made adjusting the mortgage payment all those years ago. + + +I've always been careful with money, but being completely honest on *every* outgoing has allowed me to calculate an amount I could commit to. I'm a simple creature with simple pleasures, but I always pay into a play pot every month too, so I'm not hyper sensitive about treating myself. + + +I come from a poor background, but managed to get a science degree and get myself a professional job which pays a moderate but not exceptional amount. My parents had instilled into them don't spend what you don't have, which was a life lesson I followed and has put me in this position today. + + +Anyway, I'm going to sit in the sunshine now and quietly enjoy the rest of the bank holiday with a beer and friends and not say a word about this to them. But I hope this gives somebody early in their financial journey the impetus that simple financial adjustments can have incredible impacts for you. Have a great weekend UKPF'ers. +"This is the type of announcement that raises the question of whether Treasury sees problems that the rest of the market is missing," Cowen & Co. analyst Jaret Seiberg wrote in a note to clients. "Not only did he consult with the biggest banks, but he is talking to all of the financial regulators on Christmas Eve. We do not see this type of announcement as constructive." + +Mnuchin plans to convene a call on Monday with the President's Working Group on financial markets, which includes the chairman of the Federal Reserve and top market and business regulators. + + +https://www.cnn.com/2018/12/24/investing/stock-market-today-dow/index.html +Economic researcher Andrew Charlton is speaking at the National Press Club about poverty – what we learnt about it during the pandemic and “economic long Covid”. + +[…] + +He says the extra pandemic payment acted as an experiment to see how people spent it – with data from more than 250,000 bank accounts showing people spent the money on essentials. + +“Exactly what they do with the extra money, the data is clear, on that extra $550 a fortnight, the coronavirus to supplement the largest amount $85 dollars, was spent on household bills, electricity, phone, water, $70 of the extra money spent on food, $60, spent on clothing and household goods, seven – $275 saved or used to pay down debt, what we saw as for the people who received that extra money, it was life-changing. + +“Hundreds of thousands of people were lifted out of poverty, they didn’t spend that money on frivolous or discretionary items, they didn’t withdraw from the labour market they spent it well on the families and bills.” + + +https://www.theguardian.com/australia-news/live/2021/nov/17/australia-news-live-nt-covid-corona-katherine-victoria-nsw-pandemic-legislation-protesters-flooding-forbes?page=with:block-619460218f08d09d4ebd8bce&filterKeyEvents=false#liveblog-navigation +Over the past 10 years CPI has risen nearly 20% ([https://tradingeconomics.com/australia/consumer-price-index-cpi](https://tradingeconomics.com/australia/consumer-price-index-cpi)) + +For those who have been in the same job for any number of years - doesn't have to be the full 10, we'll get the idea anyway, (or equivalent sideward moves), how has your salary kept pace? Has your work place at least offered CPI increases? (so that you're not getting a pay cut in essence). +# Part 1: Introduction + +Hello, you horrible lot. I am back to give you another dose of that sweet confirmation bias after generally positive feedback from my post yesterday describing [Market Tops & Distribution Days](https://www.reddit.com/r/Superstonk/comments/n0htur/the_end_is_near_market_tops_distribution_days/?utm_source=share&utm_medium=web2x&context=3). + +I am about to take this one or maybe even two steps further and try and link this all together even more! I'm telling ya after this; you're gonna be one jacked ape. + +# Part 2: A Critical Analysis + +Yesterday, you apes did what you did best. You picked some holes in my DD and asked some valuable questions, and I am not one to run away from tough questions, and I wanted to try and answer a couple. + +&#x200B; + +>u/DinoDaDon27 +> +>What is the more likely scenario; The market starts crashing while GME moons simultaneously? Or will the market see a deep dive first due to liquidations of other assets and then it will carry over to a large amount of short-covering for GME? + +&#x200B; + +>u/CatoMulligan +> +>So what happens if the market has a correction or crashes before there is the MOASS? I know that with such a strong negative beta GME usually would trade contrary to the market, but what is the mechanism that would cause the GME price to go up while the rest of the market tanks? Would the tanking of the market result in widespread margin calls that would then trigger the squeeze? + +&#x200B; + +I'm just going to park these questions here and get back to them very soon. + +# Part 3: Even More Evidence + +This short but sweet part aims to confirm that we will see a market crash in your ape minds. Yesterday I gave you one angle, but a smart ape does not only listen to a single voice of reason but multiple voices. + +To that end, I have compiled multiple data points using different forms of analysis to point towards a crash. + +**Some External Data:** + +[BlackRock CEO & Frothy Markets](https://www.cnbc.com/video/2021/04/19/market-feels-a-bit-frothy-says-blackrocks-rick-rieder.html) + +[Warren Buffett Indicator](https://www.currentmarketvaluation.com/models/buffett-indicator.php) + +[Michael Burry & The Market on a Knifes Edge](https://markets.businessinsider.com/news/stocks/big-short-michael-burry-warns-stock-market-huge-risk-crashing-2021-2-1030106969) + +[Sven Henrich on Margin Debt](https://www.reddit.com/r/Superstonk/comments/muol3n/margin_debt_is_also_mooning_northmantrader_gives/?utm_source=share&utm_medium=web2x&context=3) + +[FINRA Margin Debt Graph](https://www.reddit.com/r/Superstonk/comments/muvk7p/i_see_the_margin_debt_post_got_traction_so_ill/?utm_source=share&utm_medium=web2x&context=3) + +[Insider Transactions Ratio](https://www.reddit.com/r/Superstonk/comments/musoiz/i_believe_were_officially_in_the_end_game_now/?utm_source=share&utm_medium=web2x&context=3) + +**Edit 1:** [Shiller PE Ratio](https://www.multpl.com/shiller-pe) + +**Some Top-Notch DD with a Load More Links at the Bottom:** + +[Are We](https://www.reddit.com/r/Superstonk/comments/mtistc/are_we_headed_toward_a_hypeinduced_market_crash/?utm_source=share&utm_medium=web2x&context=3)[ Headed Toward a Hype-Induced Market Crash?](https://www.reddit.com/r/Superstonk/comments/mtistc/are_we_headed_toward_a_hypeinduced_market_crash/?utm_source=share&utm_medium=web2x&context=3) + +Now apes, if you have clicked every single link, looked at it all, both the links posted here and the links in the DD, and you still don't believe that the market is going to be a crash at some point, then you need to try this simple magic trick. + +1. Hit head on the wall 4 times +2. Re-read everything + +Repeat until it works! + +# Part 4: What Next? + +Assuming you have all made it to this stage without too many concussions and that we are all in agreement that there will be a market crash at some point in the future (near future, hopefully!), then we may move to the next stage. + +In my ape-ish opinion, there are three potential ways that this is going to play out. Ranked from least likely (1) to most likely (3) + +1. Retail buying pressure increases, outside retailers FOMO in, hedge funds are margin called +2. Daddy Cohen releases some game-changing news, acts as a huge catalyst, hedge funds are margin called. +3. The market crashes, hedge funds are margin called + +This post will discuss outcome Number 3. + +# Part 5: The Basics + +Let's discuss the bread and butter of how hedge funds borrow cash to trade with. + +**Leverage:** + +&#x200B; + +>Leverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. +> +>Brokerage accounts allow the use of leverage through margin trading, where the broker provides the borrowed funds. +> +>Leverage, however, can amplify both profits as well as losses. + +[Investopedia Definition](https://www.investopedia.com/articles/forex/07/forex_leverage.asp) + +&#x200B; + +[Leverage does not change the outcome.](https://preview.redd.it/56pol32z23w61.png?width=960&format=png&auto=webp&s=75c1077c1263b7ec4e224bab09ad947b9021238f) + +&#x200B; + +**Margin call:** + +&#x200B; + +>A margin call occurs when the value of an investor's [margin account](https://www.investopedia.com/terms/m/marginaccount.asp) falls below the broker's required amount. An investor's margin account contains securities bought with borrowed money (typically a combination of the investor's own money and money borrowed from the investor's broker). A margin call refers specifically to a broker's demand that an investor deposit additional money or securities into the account so that it is brought up to the minimum value, known as the [maintenance margin](https://www.investopedia.com/terms/m/maintenancemargin.asp). + +[Investopedia Definition](https://www.investopedia.com/terms/m/margincall.asp) + +&#x200B; + +**Why this matters:** + +I like to keep speculation out of my DD as much as possible and enjoy working only with evidence. If we put these together, we get a very basic mechanism. + +1. Hedge funds are using leverage to increase potential profits +2. Leverage can also amplify losses +3. A margin call occurs when the value of a margin account decreases +4. The value of a margin account will decrease because the value of the underlying securities have decreased (i.e. a market crash) + +Leverage + Market Crash = Margin Call + +# Part 6: Meet the Data + +So the critics among you will say, "yeah, well, good luck thinking that the hedge funds will be stupidly overleveraged to a point where they are extremely exposed". In response, I give you this: + +&#x200B; + +[Leverage of up to 20:1?!](https://preview.redd.it/lkawo71z43w61.png?width=776&format=png&auto=webp&s=e0077911eee5b71561f1f447be7ea1591c6c9d44) + +Now I accept that in this case, this is extreme leverage, but the premise is the same, the leveraging caused a margin call which then sparked the sell-off of their stocks. + +**Edit 2: Average Hedge Fund Leverage** + +>As mentioned, hedge funds vary widely in their leverage practices. Some assets, such as certain kinds of derivatives and covered call options, are leveraged by their very nature and don't necessarily involve a huge debt position. It's not unusual for a hedge fund to be leveraged between 100 and 500 percent, however, depending on the asset class. Leverage up to 10 times is not unheard of, though that would mean that a 10 percent decline in the leveraged part of the investment portfolio would wipe out investors' equity altogether. A recent survey from the United Kingdom Financial Authority finds that the average hedge fund was leveraged about 2.5 times + +[Zacks Finance](https://finance.zacks.com/hedge-funds-borrow-lot-money-make-investments-1580.html) + +# Part 7: What Happens When a Fund is Margin Called + +The process as I understand it will happen as follows with thanks to u/OnlyGoesUp + +&#x200B; + +>Day 1: HF (A) The end of the day close price is noted and margin requirements are calculated. (Example $400 close) +> +>Day 2: HF (A) The hedge fund now has to start closing failing short positions and will need to consider selling long positions (if they have any) to cover the cost of buying back shares at a rapidly increasing price. ( Example $1200 close) +> +>Day 3: HF (A), HF (B) and HF (C) Are now in a pickle and are all being margin called repeating day 2. +> +>This will go on and on until all hedge funds have been called or have voluntarily closed their shorts. When a margin call occurs, they each have up to 5 days to meet their own requirements from the initial call (and they will use as much of it as they can as they want to avoid a parabolic move up on day one). + +&#x200B; + +[FINRA confirming this process](https://preview.redd.it/s9tsaa6673w61.jpg?width=745&format=pjpg&auto=webp&s=c8c47c216c3d6946e1e0930dcd926885142d01ae) + +[FINRA Sauce](https://www.finra.org/investors/learn-to-invest/advanced-investing/understanding-margin-accounts) + +# Part 8: Putting it all Together + +**\*SPECULATION TIME\*** + +Until now, I have been working with evidence and facts - from this point onwards, this is my interpretation of the data that has been presented, including the order of events. This aims to answer the questions raised at the very start of this post. + +&#x200B; + +1. We will see a market crash. +2. The value of all of the hedge funds securities will decrease as the price of stocks decrease. +3. This will inevitably lead to the margin call of overleveraged hedge funds. +4. The margin call will cause overleveraged hedge funds securities to be sold, further decreasing the value of other hedge funds margin accounts, leading to further margin calls. +5. The process repeats rippling through the markets until we reach the hedge funds short on Gamestop. +6. The hedge funds short on Gamestop can no longer maintain their margin and become margin called so they MUST cover their short positions and buy back the stock. +7. This causes a domino effect of margin calls, and the short squeeze begins. + +Hopefully, you will agree that very few jumps have been made during this speculation, and the thought process is logical and backed up by data. + +&#x200B; + +# Just don't fucking dance. +I was in a state of mania and desperation so I didn't see the red flags. + +I was about to burst mentally and took time off for work and got my short term disability denied especially as I have one of the worst doctors ever. + +I needed to make rent so was looking on craigslist for odd jobs (as I have had success from there before). + +I fell for the classic 'we will pay you in cheques to advertise our small business logo on your car for a few months' and thought 'there is money in advertising afterall!' + +Well, its a pretty common scam that I wasnt aware about and apparently the cheques are fraudulent - even though my bank cleared all 8 of them lol. I also never knew about counterfeit cheques. I feel so naive. + +Almost daily I was sending $2000 to these 'sticker agents' which is apparently the banks money and the bank told me I WILL have to pay that back since I negotiated the cheques. + +I'm at a loss for words. I feel like an idiot. I feel ashamed. I feel hopeless. I feel alone and like I can slip through the cracks any week and lose everything. My entire years worth salary is basically 28K. And man, if I didn't get denied short term disability payment, I don't think I would be in this position. + +I filed a fraud report, a police report and will be meeting with the bank next week. + +Is it likely the bank will replenish that money or that I will not have to pay that sum back? I have zero money now and this really doesn't help with my mental illness. + +Please no negativity, I couldn't see the red flags with rose coloured glasses on until It was too late. +I can't take credit for this link. This is one smart ape. + +https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/ + +If you can take the time and really read this and understand the thought process behind it, you'll see that this is some serious DD backed up by some serious math. + +His DD has over 6,785 upvotes and that was a year ago. If he has posted a more recent one, then please share the link. + +I know this much. As I read this survey, it didn't take me until the end to realize this: + +That survey was done almost a year ago. + +Think of all the buying we've done after this past year. Rage buys, Zen buys, subscription buys, depression buys, excitement buys, fuck you Ken Griffin buys, talking your family to buying buys, RC tweeted today buys, I can go on and on. + +Just look at this shit: https://preview.redd.it/6bqkw9aka9f71.png?width=1854&format=png&auto=webp&s=27e667d7278d0cbe1ce01ed7b207a36d73046406 + +THIS HEAVILY UNDERESTIMATED SURVEY DONE 354 days ago has estimated there are 163 million shares sold to retail. We own the float. Many times over. + +**edit: https://www.reddit.com/r/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +*There are 830+ million shares owned my retail. Titties jacked harder. * Also from 4 months ago. + + +There should be more discussion, even a new survey. I have a feeling that the number has increased by at least 15% minimum. + +Fresh eyes needed. Some DD gets rarer as time goes on. + +It's important for new apes to see these numbers. + +Hedgies are super fuk'd. +For a variety of awful reasons from parents stealing my money, exes stealing money, getting stuck in terrible situations, and having to pay for a lot of school out of pocket and then failing because of other reasons, I've run up quite a debt. Luckily I have finally gotten back into school so student loads aren't an immediate worry for me, but at this point I can't even pay my rent. + +I live in an apartment where rent is 500 a month plus utilities (it's a college town so most of the places around are extremely expensive). I was making over 12 bucks an hour working 60+ hours a week when I signed the lease for this year so it wasn't supposed to be an issue. I was driving an hour and a half to and from work each day though, and since I was going back to school the plan was to transfer me to a closer location and cut my hours back down to 40 ish. However, my car had blown it's starter(and then a whole lot of other issues happened to it and it is still in the shop 7 months later). + +So when my car blew they still expected me to get to and from the place an hour and a half away for 4 months before they would let me transfer. So I was borrowing cars from friends when I could and unfortunately had to uber sometimes which would cost more than I would make that day. Eventually I got to the last week of that time and one of the cars I was borrowing broke down on the highway on my way there and several other issues that they simply expected me to overcome just to get there instead of transferring me back early. + +At the end of all the issues because I couldn't make it in for 2 days they fired me. At this point I was living on fumes. I could eat maybe once a day, didn't have time to do anything, and could barely afford my bills because of how much money was going into just getting me to and from work. + +Fast forward to now. I was unemployed for almost 2 months even though I was applying everyday and even got a couple interviews that said I just wasn't right. Eventually I started working as a hostess at a restaurant only a 3 minute walk from my apartment. So I only make minimum wage now and I'm lucky to get 25 hours. + +For bills I have my 500 dollar rent, usually about 140 for utilities, 220 on my car payment, 240 for car insurance, 90 for phone bill, plus expenses for food. I also have 4 credit cards that are all maxed out(lots of terrible situations I've had to try and dig my way out of). One payment is only 25 a month, one is 150, one is 250, and one is 100. + +How do I do this every month making 9.25 an hour? I barely eat anymore just because I can't afford to. I'm skipping most of my bills just to be able to pay my rent so on top of everything else i don't wind up homeless. + +Any advice or ideas would be appreciated. +Lately pretty much every move I made was inversed by the market gods. You might say it's because of market conditions but it happened to me both going long and short. It's pretty funny that all I had to do was inversed myself and I would've done extremely well. I'm taking a break at the very least, but what do you even do in this situation? + There's many little gems in here that will jack your guys's tits because after a year have come true! Of course that's the case because DFV is a time traveler but if you look At 0:30 there's the phone (supposed to be GameStop's phone) with the names edited and look whose name is on the right column, 3rd down... + +Also, DRS your shares and tell your friends and family. + +https://youtu.be/cIoajswdMTk +Found this while cleaning my grandmas house and like the title said is it still good? I blacked out all unique numbers and markings because this is the first physical share I’ve ever seen. +Ledger's CTO saying he's not aware of anyone working on XVG integration here: https://www.reddit.com/r/CryptoCurrency/comments/8c0nme/verge_owners_are_now_selling_the_xvg_raised_for/dxbr3fd/ + +Be careful guys, 18,6m XVG already left the fund to Binance and the Verge team said it's to pay Ledger. That's a massive red flag. Now also think that out of the 76m XVG raised, 90% of that was donated by Verge's partner, TokenPay. So, it seems they might be moving the funds donated by normal users to the exchange. I'm not saying this is an exit scam, but it looks bad. +My apologies if this is slightly off topic, but this forum is the only place I know where I will get accurate answers for this. + +I have just received an energy bill for $650 from AGL for one month of energy. We are two people renting an old 1bd terrace in Sydney. Is there anyway this could be accurate? + +A bit about our power: we have an induction stove, fridge, washing machine, dryer and a few electric heaters. My husband runs one electric heater in his office basically constantly (24/7) which keeps the rest of the house warm. Is it possible that it could be accurate, or definitely some energy/appliance issue? + +Edit: it’s actually an oil heater, with a fan function. +I'm a 13 year old boy in southern ontario and I just started reading [this book](https://www.amazon.ca/dp/0452298628/ref=cm_sw_r_cp_apa_i_yREjFb9Q426BK) to learn the ins and outs. I have about 500cad dollars to invest. I need some investments that are safe and don't have much risk even though the stock market is basically only risk. Thank you!! +[CU.TO](https://CU.TO) is Canada's greatest dividend aristocrat, with 49 years of dividend increases higher than any public Canadian company, is now almost back to March pandemic pricing. They released their earnings two days ago, and forecasted: + +"In the 2021 to 2023 period, Canadian Utilities expects to invest $3.2 billion in regulated utility and commercially secured energy infrastructure capital growth projects. This capital investment is expected to contribute significant earnings and cash flows, and create long-term value for share owners." + +I bought more today. I see a great value opportunity here. +I just started building a Dividends Portfolio less than a month ago and my largest holdings are Canadian Banks which all went down in price today. Should I hold off buying any more Canadian Banks until after the election or buy the dip now? + +Trudeau announced he would tax Canadian Banks 3% more (from 15% to 18%). Since Canadian Banks Dividends are currently only 3.3% - 4.5% does that mean the dividends will be cut or not grow as much as in the past? + +I assume Trudeau will win since that's the point of him calling an early election because his people have researched and think he can go from a minority government to majority. If they are right does that mean this new policy will happen for sure? + +Also I bought Manulife. Is that considered an Insurance company that he will tax more as well? + +https://www.google.com/amp/s/www.cbc.ca/amp/1.6152710 +I’ve been paper trading for around 4 weeks and over the past 2 weeks I’ve found my edge and practiced it until I was profitable every single day. Now I’m trading with a small amount of money ($200) on a live account to get used to real money and my very first trade I made $30! Sadly that’s the only trade I can take for today so I’m gonna take profits and go back to paper trading. +What are the things you've always wanted to know about but have been too afraid of asking? What do you need to retire? Is your financial advisor working on your behalf or just raking in fees? What does it all mean? + +Remember - this is a safe place. Upvote those that contribute, and only downvote if a comment is off-topic or doesn't contribute to the discussion, **not** just because you disagree. +My parents sold one of their investment properties and after paying some bills, expenses, and a new car they needed and deserved, they’re left with $120k. + +It’s not life changing money but it’s more than they ever had in the bank. My dad has never been good with money, but buying this property was the smartest thing he did. + +Now he just wants to make sure there’s enough to last him and my mom through to the rest of their lives and hopefully have something left for us (my sister and I). My dad is 78 and my mom is in her late 60s. + +Currently they get about $1500 a month through SSI, no mortgage obligation, let’s say $200-$400 in bills and insurance max, no car note. + +Is there anything you all recommend in this scenario? an index fund or specific investing strategy? Preferably something low risk, maybe dividends? Do I invest in blue chips? + +If we find the right one, do we put 75% in there and simply draw enough for a few months needs, let it sit until we repeat? Or only put in half? + +I personally made a lot in the stock market this past year and my dad wants me to manage their money. It’s a lot of responsibility to take but I’m willing to do it. I do however understand we’re in a bull run and the past few weeks have been incredible buying opportunities for me personally, but not sure if I’d like to invest my parents money at a time like now. + +Again, the goal is to grow their money responsibly during their lifetime, while still being easily accessible, and hopes their would be enough for my sister and I. + +Any guidance or suggestions is welcomed. Thank you. +Over the course of 2021 I invested in FB, NFLX, TMUS, DIS, JPM, GS, ADBE, LEN, SAM, PYPL, SQ, SHW, BABA, BKNG, SE, SHOP, MRNA, NET, DKNG, PLTR, HD, and NVDA and have unrealized losses ranging from 13% to 75% on all these stocks. I bought AMZN in March 2021 and SPY/VOO/VTI in July 2021 and those have been flat over that period. + +The only bright spots in my portfolio have been AZO, AA, ANTM, PG, and COP but I only put 1% capital into each of those stocks and I am down 55% on my entire capital. I just dont feel like I will ever recover from the losses any time soon. It is going to take more than a 100% gain on what I have now to recover and I am thinking about giving up on stocks. What should one do if they are in this spot? +This is pure speculation. + +From what I can tell, almost everyone got their splividend shares. This is not what we hoped for, but we all kinda knew it was comming. + +However, GameStop has very hard proof now, that distributing something limited, like shares, as a dividend is not a problem. + +I believe this is the setup, for a NFT dividend, once the marketplace launches. + +This puts GameStop in a better position than Overstock, in terms of legal issues. If an NFT dividend causes the market to go tits up, Ryan Cohen can always fall back on "But your honor, they distributed our split dividend with no issues. If that dividend was distributed with no issue, how could we have known this would happen?" + +Im calling it! + +The splividend was a feint, to cause a knee jerk reaction from the shorts. Lets sit back and wait for the counter. + +Edit: + +I dont think I expressed myself clearly enough. + +I am not saying that all shares has been delivered and they are genuine. Im saying that Wall Street is making it look like it. This is the knee-jerk reaction. + +Any smoothbrain who has spent a few days on here knows the shares we got are just more synthetics, or even just new numbers on your screen. + +DRS DRS DRS +Last year I spent a little under $30k. I'm happy with this level of spending and don't even consider myself particularly frugal, just childless in a lower cost area, but if any of the items below were to hit me, I could only cut maybe $2-3k off last year's spending before it would start to get painful. + +I'm already at \[savings x 3.5%\] = last years spending. I'm comfortable enough that 3.5% is sustainable, but for RE I'd want that 3.5% based on a budget of at least $10k more than I currently spend. **In other words, the highest \*starting\*** **withdrawal rate I'd be comfortable with is more like 2.6%.** + +**You could argue that all I'm pointing out is that leanFIRE isn't a great idea, but higher planned spending doesn't automatically translate to being amenable to large cuts. Do most people planning on 3.5 - 4.0% withdraw rates have tons of fat in their budget that they wouldn't mind cutting if needed (e.g. 5-figure travel budget)? If so, what are these parts of your budget?** + +\------------------------------------------------------- + +Withdrawal rates seem entirely focused on what markets have done. When retiring very young, things could drastically change in terms of desired or required spending and this seems more significant than whether markets allow for a 4%, 3.5% or even 3.0% WR. + +* Possibly the single biggest “risk” anyone has is a) if married, that you could get divorced or b) if single, you could want to partner with someone that makes you want to significantly change your spending (whether to help them reach FI/ help support their household/ kids expenses, move to a more expensive house/area, they just want to spend more on restaurants/ shows/ trips/ whatever and you want to make them happy) +* My budget is based on ACA subsidies under which a silver plan is currently $1k year based on $24k income from Roth conversions. I would want to be able to budget for that cost going up several thousand dollars. +* Future chronic medical conditions could mean thousands in OOP expenses, potentially including quality of life things not covered at all by insurance. +* If you have kids, the number of things that could come up that you could feel obligated to help them with is endless, but probably most prominent would be physical and mental health issues +* Personally I rent. I want to budget for rent far outpacing CPI. (I estimate ongoing costs on a paid off house to be only \~$200/ mo less than my apartment rent, so buying a house doesn't seem like a good hedge) +* When you lock yourself into a certain budget, you're locked out of later getting into more expensive hobbies, travel, etc. unless you make cuts elsewhere +* Eventually, elder care +* Random other stuff. Say you drive a newer car that gets totaled and the insurance payout doesn't match the current craziness in the new/used car market, costing you a few thousand. +Over a sixty year time period, based on the data I have seen, there is a 19% chance of a 75/25 portfolio with a 4% WR dropping below its inflation adjusted starting value, and a 15% chance of it going to zero. At 3.5% that becomes 7% and 2%. Because of this, the general wisdom of avoiding “resetting” your WR makes sense, as you’re massively increasing the risk of that rare adverse SORR. At 3% however, the failure rate is 0% and 0% respectively. With your portfolio based on historical data having never failed to be worth more than when you started, adjusted for inflation, never mind go to zero, with a 3% WR, is it safe to periodically reset? One of Kitces pieces of [work](https://www.kitces.com/blog/the-problem-with-fireing-at-4-and-the-need-for-flexible-spending-rules/) alludes to this strategy, but it doesn’t flesh it out with data, or go into detail. I feel like I could be missing something glaringly obvious here. +I was wondering if there are any insurance services that offer protection against downside in unvested stock/RSUs for tech employees? Many of mine and my buddies' stocks are underwater due to the recent meltdown in growth tech - people finding out that their 400K comp is actually 250K in reality. I can't help but feel that it could be worth it to pay for some form of insurance against this downside risk? +We've had Ocado deliveries for a year or so now, previously Sainsbury's. Sorted items by 'Price per' and then from reviews after that (I.e if its cheap that's great but with a bunch of 1 star reviews we'd try the next one). We tried to keep our weekly spend under £100 but lately that has definitely become more difficult so we were considering a change anyway. Ocado's recent poor delivery performance for the past 3 weeks though including only receiving half of our latest shop necessitated us having to go to our local Lidl to get the rest (couldn't wait until the next day - baby food, nappies etc). + +Whilst out my wife realised she could easily now go herself every Wednesday due to a recent shift change. So she went yesterday and in the evening I compared the receipt with the same items we would have got from Ocado. Same weights or as near as possible. The occado shop came to £105, the Lidl... + +£75. + +Edit: Thanks for the schooling in sarcasm in typically British fashion. Maybe I should have written into the original post that I knew it was going to be cheaper before we went. I wasn't expecting 30% though, that's the point. Also for comparison's sake for others. + +Edit: Quite a few have mentioned or asked about quality. We bought a chorizo ring, minute steaks, salmon fillets, various fruits and veggies. All of which actually seem fine and comparable to the Ocado stuff. I'm wondering whether it's because with Ocado we tended to go for the cheaper items anyway. We rarely splashed out on more expensive things unless there was a reason for it. I've heard people speak of the poor fruit and veg quality/life from Lidl but it's too early to say as we only went yesterday. We never found anything special about Ocado's though. The best I've seen was visiting an M&S food hall and their fruit and veg was far better. +I don't know if these numbers are correct, but if retail corresponds to [5.5% of the forex market](https://en.wikipedia.org/wiki/Retail_foreign_exchange_trading) how do traders keep insisting on things like support and resistance, SMC, etc...? It's also said that to move a single pip at EURUSD it would take a massive quantity of money so it makes zero sense to move lots and lots of pips, billions, to go after those 5% of the market. + +I was trying to get into fx trading but the only thing that made any sense so far for me was the SMC, but given that the base of SMC falls short when taking into consideration the above statements I really don't have any clue on where to start. +I know with Covid and rising inflation this may not be the best time, however have any of you considered purchasing an investment property in the US given the rising cdn dollar especially if it reaches par. They are still much more affordable then most Canadian urban centres. It seems the rental yield is much better relative to the purchase price as compared to Canada. Looking at condo or small house perhaps Florida , Georgia , Texas , Arizona , New Mexico , Nevada maybe Colorado. Also a good place to spend winters if you are healthy and can retire early (except Colorado ). Is it possible to get a mortgage from a US/ cdn lender? US Property management fees ? US/cdn tax implications ? Special fees/ taxes when buying and selling ? Property taxes much higher in US ? The lending options , greater property tax and proper management seem to be the biggest barrier imo. +Simply put, the effect of fees on investment [can be devastating](https://personal.vanguard.com/us/insights/investingtruths/investing-truth-about-cost). When you consider that it's impossible to identify those active fund managers or actively managed funds that will outperform their benchmark after costs in advance, the low-cost, lazy index investing strategy starts to look pretty attractive. + + +Almost four years ago I began truck driving across the country at the age of 24. I’m 28 now, with a net worth of roughly $275k. I had an initial goal of $250k to guarantee coast Fi with a projection of $2m by 58. + +A lot has changed since my last post and I still get a lot of messages from people wanting to learn how to replicate what I am doing and if it’s still possible. The answer to both questions is yes. I will briefly describe where I’m at now and my future plans. + +I no longer drive over-the-road (OTR). I’m a local driver and no longer homeless. After this next paycheck that is about to post, I would have earned $52,500 YTD. I’m averaging about $4,375 bi-weekly. I should easily clear about $110k or higher, plus a 8% 401k match. So total comp around $120k +/-. + +My expenses are higher now then they were three years ago as I am paying rent, enjoying the fruits of my labor more and taking international vacations. But I still max out my 401k, IRA, HSA, ABLE accounts and save a little more in the brokerage. About $60k a year is what I want to save at a minimum. + +In 2 years, or about at the age of 30 I plan to partially retire. Let me explain, I hope to have about $500k at 30, which I won’t touch at least until 50. But I still have an urge to work a little because of all the years of compounding interest still ahead of me. Equally, the other half of me wants to enjoy his youth. So I will take one year off, work for one year, take another year off and repeat until the age of 40. 5 years of working, while taking 5 “gap” years or sabbaticals. Why? Because I want to max out my 401k, ABLE & IRA for every year between the ages of 30-40. I can make 100k a year easily. So if I work from July—July, I would have earned $50k every year for the next 10 years. $43k saved in tax advantaged accounts, after 10 years I should net around $600k+ with interest added in from these 5 years of working. So by 40, hopefully 1.6m total NW. + +During the “gap” years I will spend time with my family, travel long term internationally (slow round the world travel). I want to experience other cultures, learn new things, new languages and focus on my health. I’ve had a few surgeries the past year, nothing serious but I want to watch myself and focus and my general well-being. I’d plan on budgeting around $3,500 per month during each gap year. I receive disability compensation from the government from when I was in the military. I also have child support payments that has to be paid monthly, otherwise I’d be able to budget $5-6k during the gap years. I will also be homeless again in two years and carless, maybe just a storage unit and my phone will be my only other reoccurring expenses. My working 1 year intervals will be OTR (living in the truck) to minimize expenses. + +So robots are still not close to putting me out of work, as is always mentioned from people outside of trucking and won’t be for the long foreseeable future. The truck driver “shortage” is larger than ever. Really it’s a pay shortage, but anyway, it’s easier then ever to earn over $100k as a truck driver. It’s better to specialize; hazmat, refrigerated, tanker, oversized etc. almost anybody can get all the qualifications and be licensed to start working within 60 days. + +Also I’d urged anybody who has been diagnosed with a significant disability before the age of 26 to learn about the benefits of an ABLE account. It’s geared towards SSI recipients but anybody who meats the age and disability requirement can contribute to it. There is no income limit on it as they want to encourage any working person with a disability to use it. States run different types of accounts sort of like college 529 account. There’s different investment options and caps on the entire balance before you can’t make any further contributions. $16k can be contributed per year up to around $550k total balance cap (highest allowed state that I know of) after that interest can continue to grow. All withdraws are tax free but most only be used on yourself for your “basic” needs. + +I really do owe a large debt of gratitude to this community. I wouldn’t have known this was possible or how to do it without reading the endless threads and real life stories from people like you. I hope my post can inspire others like you all inspired me. Thank you. + +Also these are my plans as of today. It might change tomorrow. But I’ll try to give another update in 3 years. See ya all in 2025. + +Previous post: + +https://www.reddit.com/r/financialindependence/comments/bi6xp2/25_yo_male_trucking_his_way_to_fi/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Guten Tag to this global band of Apes! 👋🦍 + +Today is the day. +Today is the final day to purchase shares before the split by dividend. +When the markets open tomorrow, each share today will be represented by 4 new shares. +While GameStop has plenty of shares to cover the obligation for the legitimate shares, the institutions who have naked shorted GameStop have a serious problem on their hands when the time comes to deliver. +If the price action this week is any indication, they are in an impossible position. + +I've been very interested in the Critical Margin Theory, as I'm sure you're well aware, and yesterday's upward breakout seems to have triggered a similar response, though less egregious as past instances. +While the price appears to have closed above the previous short attack trigger points, the real measure of the Critical Margin Theory is when the institutions start to fail their margin calls. +Will that happen today? +Will we begin to see them topple right as we reach the splividend? +That would be quite a poetic moment in this saga. + +Today is Splividend Thursday, July 21st, 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: **$156.77 / 153,71 €** *(volume: 1908)* +- 🟥 115 minutes in: $156.77 / 153,71 € *(volume: 1808)* +- 🟥 110 minutes in: $157.35 / 154,27 € *(volume: 1674)* +- 🟥 105 minutes in: $157.36 / 154,28 € *(volume: 1581)* +- 🟩 100 minutes in: $157.72 / 154,64 € *(volume: 1355)* +- 🟩 95 minutes in: $157.71 / 154,63 € *(volume: 1185)* +- 🟥 90 minutes in: $157.69 / 154,61 € *(volume: 1169)* +- 🟥 85 minutes in: $158.19 / 155,11 € *(volume: 1157)* +- 🟥 80 minutes in: $158.39 / 155,30 € *(volume: 765)* +- 🟥 75 minutes in: $158.41 / 155,31 € *(volume: 765)* +- 🟩 70 minutes in: $158.48 / 155,38 € *(volume: 758)* +- 🟩 65 minutes in: $158.42 / 155,33 € *(volume: 627)* +- ⬜ 60 minutes in: $157.84 / 154,76 € *(volume: 627)* +- 🟩 55 minutes in: $157.84 / 154,76 € *(volume: 607)* +- 🟥 50 minutes in: $157.63 / 154,55 € *(volume: 587)* +- 🟥 45 minutes in: $157.66 / 154,58 € *(volume: 566)* +- 🟩 40 minutes in: $157.73 / 154,65 € *(volume: 566)* +- 🟥 35 minutes in: $157.67 / 154,59 € *(volume: 563)* +- 🟥 30 minutes in: $157.68 / 154,60 € *(volume: 563)* +- 🟩 25 minutes in: $157.71 / 154,63 € *(volume: 488)* +- 🟥 20 minutes in: $157.70 / 154,62 € *(volume: 467)* +- 🟩 15 minutes in: $157.72 / 154,64 € *(volume: 392)* +- 🟥 10 minutes in: $157.70 / 154,62 € *(volume: 205)* +- 🟥 5 minutes in: $157.73 / 154,65 € *(volume: 195)* +- 🟥 0 minutes in: $157.89 / 154,81 € *(volume: 80)* +- 🟩 US close price: $158.75 / 155,65 € *($158.73 / 155,63 € 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 1.0199. 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! +A lot of folks ask a lot of questions in /r/personalfinance on a daily basis about “I inherited $X…”, “We have saved $X…”, “What should I do with $X amount from my tax refund…”. All these boil down to the same question: “What should I do with $X” or, more basically, “How should I handle my money?” + +And the #1 answer is: read [the Prime Directive](https://www.reddit.com/r/personalfinance/wiki/commontopics). The sidebar contains a bunch of valuable links, but probably none as important and oft-referenced as the Prime Directive, a wiki which tells you in step-by-step format (and even has infographic [here](https://i.imgur.com/lSoUQr2.png) and a simpler version [here](https://i.imgur.com/fb7Dtmh.png)!) *exactly* what to do with any amount of money you may have. + +Some dispute its effectiveness and why some shouldn’t follow it (emotion, risk tolerance, increased cash flow, etc.), but the fact of the matter is that **following the prime directive in the order listed will generally yield you the most bang for your buck** (read: the least amount in your money paid to other parties / the most amount of your money kept, and the best strategy for earning more money with that money). + +While the wiki does a great job of explaining exactly what to do and in which order to do it, there are also some pretty valid reasons as to ***WHY*** you should do it in the order listed (some of which are explained in the wiki and some of which aren’t). I’d like to take a second and elaborate on the ones that make the most sense to me (and hopefully others) below. + +----- + +***Note: this is by no means an exhaustive list nor a 100% correct one, but just my thoughts on the matter, and I’ll edit it with additional info as/if other comments come in.*** + +----- + +#Question: “Why should I…” + +#Step 0: Budget and reduce expenses, set realistic goals + +**Answer: to know how best to spend your money, you need to know where your money is going in the first place.** Budgeting allows you to see where you’re spending your money and allows you to see where you can cut back and reallocate funds towards the higher steps listed here for the most efficient use of the funds you have. + +#Step 1: Build an emergency fund + +**Answer: to ensure real emergencies don't become financial emergencies.** If something unexpected comes your way (job loss, home/car maintenance, unexpected travel, medical emergencies, etc.), you don’t have to worry about what credit-affecting monthly minimum you'll have to forego. You’ll have the financial security of knowing that you have quick access to funds that will allow you to at least pay for your minimum necessities: utilities, rent/mortgage payment, car payment, monthly minimum credit card payments, etc. + +#Step 2: (Take advantage of) employer-sponsored matching funds + +**Answer: it’s free money.** If you’re lucky enough that your company offers you a retirement savings plan and even more lucky enough that they also match it, you should take full advantage of that match. But, getting to the heart of it, the number one thing I see is folks questioning “Why should I do this before paying down my debt?” Short answer, again: it’s free money. Long answer: whatever the match rate your employer is offering you is a guaranteed return on investment (ROI), and one that’s likely a far better ROI than paying off that 5% car loan, or a 4% mortgage, or even paying down that 15% credit card balance you’re holding. (Note: by paying off a debt amount at X%, that's a guaranteed return on investment of X% on that same amount, so it can be compared to the ROI you would receive elsewhere in other investments.) + +For example, as my employer does, if your employer matches 25% of your contributions up to $4000 and you contribute that max of $4000 each year, your employer is simply handing you another $1000 in free money every year. That’s a guaranteed 25% ROI (not to mention the gains that money will have in the market over time), versus with the ROIs just mentioned. + +Hell, even if you don't invest a penny of it and/or it's a matching HSA contribution or something similar, it's still likely a higher ROI than if you were using that money to pay down debt that's at a lower interest rate than the match rate. + +#Step 3: Pay down high-interest debts + +**Answer: because of the stock market.** This is the step that probably makes the least sense to folks and leaves them asking “Why just my high-interest debts?” The long answer: the benefit of paying off low-interest debts (commonly referred to as anything with <=4% interest rate, though I’d personally suggest and use a figure closer to 5-6%) is generally probably not going to outperform the ROI you would get if you put that money in to the stock market which has a historical average return of ~7%. So, essentially, the money saved by paying off that 3% loan when you could have invested that money at (at least) 7% (and thus yielded a 4% net gain, or 7% - 3%) isn’t the most beneficial choice financially. + +However, queue the often-stated disclaimer of “Past performance is no indication of future results.” and to quote the Prime Directive specifically: “While this has been true in the past, keep in mind that paying down a loan is a guaranteed return at the loan's interest rate. Stock performance is anything but guaranteed.” Basically, that means to invest at your own risk: a 7%+ return is no guarantee, which leads some to have some doubts and modify this step to pay off ALL debts prior to investing further, which generally isn't the most financially beneficial thing to do. + +#Step 4: Contribute to an IRA +#Step 5: Save more for retirement +#Step 6: Save for other goals + +**Answer: again, because of the stock market.** Same as above, the money invested is likely still going to yield a higher ROI than using that same money to pay down low-interest debts. There are far more details as to how and in what exact order you should perform steps 4 and 5 (generally, max out tax-advantaged account before taxable accounts) that I won’t go into here but feel free to read more about it [here](https://www.reddit.com/r/personalfinance/wiki/commontopics#wiki_step_5.3A_save_more_for_retirement). + +Beyond that (and sort of mixed in with the previous two steps), it’s generally debatable and discretionary as how you should spend: sock it away in an HSA if you have health problems or a growing family, a 529 if you have children that will go to college, pay off the low-interest debt if you have a low risk-tolerance, contribute to taxable investment accounts, sock it away in a high-yield savings account, etc. + +-------- + +**Edit 1:** There's been a ton of requests for non-US versions of this. The answer: [it's in the Prime Directive](https://www.reddit.com/r/personalfinance/wiki/commontopics#wiki_non-us_versions)! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +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 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/EKU2tVBp9u). +First off, one stock per person and try to put together a half decent reason why. None of this listing a shit tone of different stocks with no context. +Fellow autists, today I am presenting you with a stock that I think is capable of being a **multi-bagger** within this year. *APOLOGIES IN ADVANCE FOR THE LONG READ* (I like to be thorough). I would like to disclose that I bought EZZ shares in its pre-IPO phase and I believe it has insane potential. + +**Fundamentals** + +Pre-IPO Share Price Offering: $0.50 + +Number of Shares after IPO completion: 42,000,000 (max.) + +MC: $21 Million (max.) + +FY19 Revenue = $11,187,000 + +FY20 Revenue = $16,953,000 (+51.5% YoY) + +**H1 FY21 Revenue = $12,701,006** + +Net Profit After Tax FY19 = $1,289,000 + +Net Profit After Tax FY20 = $950,000 (increased cost of sales + employee benefits in FY20 compared to FY19) + +**Net Profit After Tax H1 FY21 = $1,222,939** + +P/E Ratio (based on FY20): 20.8 + +**Worth noting that Macquarie Holdings bought 17,016,000 IPO-priced shares. Johnson & Johnson bought 11,344,000 of these too, whilst HSBC were another notable name within the Top 20 IPO shareholders list** + +**EZZ and Industry Overview** + +EZZ are an **already profitable** skin care and health care company that is prevalent within many of Australia and New Zealand’s largest pharmacies, supermarkets and specialist retailers. + +There are two components surrounding EZZ's business model: + +1. The distribution and sale of EAORON products +2. The production, distribution and sale of EZZ-branded products + +**EAORON Product Overview** + +* EAORON is an Australian brand that focuses on producing quality, innovative products in cosmetics; in particular, skincare products +* The reason for its success, since its inception in 2014, was due to the development of "anti-ageing" Hyaluronic Acid Collagen products that did not require needles or injections. It was awarded the best export seller within the Australian skincare industry in 2016 +* In *July 2020*, EZZ entered into an **exclusive distribution** agreement for 3 years (until June 2023) with its related party Australian United Pharmaceuticals Pty Ltd, for the distribution of the EAORON branded products in Australia and New Zealand. This includes stock in pharmacies, supermarkets and specialist retailers, subject to EZZ meeting certain sales targets. This is expected to be renewed for 3 more years (until 2026) +* They now have 5 product lineups; hyaluronics, facial masks, crystal white series, specific care series and anti-sugar series +* In the Australia & NZ cosmetic industry, EAORON face mask sales make up 17 - 25% of total face mask sales +* Face masks generated A$79.2 million in revenue in 2019, representing 3.4% of the total facial care retail revenue. +* Therefore, total revenue from EAORON face masks could be estimated to be $13.5M - $19.8M in FY19 alone +* It is worth noting that pharmacies were the largest stockist of EAORON products in ANZ. Pharmacies are still the largest distribution channel for consumer health products in China (maintained over the last 5 years). Hence, EZZ is not just selling to Australia and New Zealand with EAORON, but also the Asian market (in particular, China) +* Profit margin for EZZ after the sale of EAORON products is 21.0% + +**EZZ Product Overview** + +* Started developing its own products at the end of 2019, generating early-stage revenue in March 2020 +* EZZ focuses on producing consumer health products +* EZZ currently has 3 EZZ-branded products on the market. They include a Male sexual performance product, a fruit jelly mix and a paediatric lactoferrin product (for improved immunity, protein intake and iron absorption) +* However, they are planning on developing new products every year; EZZ is proposing to cover vitamins, dietary supplements, sports nutrition, weight management + wellbeing, herbal and paediatric products +* In Australia and NZ alone, the consumer health industry reached a value of $8.2 billion in 2019, with an average growth rate of 7.7% p.a. since 2015. In China, this was $57.3 billion, increasing at a rate of 9.2% p.a. since 2015 +* In 2021, for example, three new products are due to be released, including a "Wellbeing tablet" (Aus, NZ, China), NMN products (China; this product focuses on metabolic reactions that ahouls enhance NAD+ availability, which is generally reduced in elderly people, resulting in pathological conditions) and Iron+ Jelly (Aus, NZ, China) +* Profit margin for EZZ-branded products is currently 88.6% (based on FY20) + +**EZZ Strengths** + +1. Market-focused learning (data analytics, analytical insights into popular products) +2. Marketing capabilities (stocks products via EAORON in 900 stores, 400 for EZZ-branded products at the moment, in addition to online sales to Chinese consumers via their website, Tmall Global) +3. Experienced management team +4. Already profitable + +**EZZ Risks** + +1. Heavy reliance on the success of EAORON brand (represented 95.8% of total revenue for FY20) +2. Competition - healthcare and skincare is a highly competitive sector where consumers tend to follow the latest trend, popular brands or big name companies +3. The current distribution agreements in place with EAORON need to remain, and hopefully be extended, in order for EZZ to thrive + +**EZZ Growth Strategy (next 12 months) - page 51** + +* Increased market share of EAORON products in pharmacies, supermarkets and retailers +* Hoping to establish e-commerce platforms to sell EAORON + EZZ-branded products in Aus + NZ +* Develop new EZZ-branded products + distribution channels for the products +* Expand EZZ-branded products in China, hoping to establish online stores in other major e-commerce stores (example, [JD.com](http://jd.com/)) +* Expanding to other international markets (South East Asia) +* Establishing in-house e-commerce capacity to offer online shopping of EZZ-branded products from Australia to global wholesalers, retailers and consumers (a national market size of $1.1 billion for exporting complementary medicines). China's import market size of nutrition + health food reached $5.3 billion in 2019, with Australian being the largest contributor (21.5%) + +**EZZ Growth Strategy (next 2 – 5 years) - page 51** + +• Developing new consumer health products under the EZZ brand + +• Acquiring or building a GMP certified manufacturing facility in Australia to improve production efficiency of the EZZ branded products + +• Establishing an experimental concept store in Sydney’s central business district area to enhance customer experience and build the EAORON and EZZ brand image + +• The Company has plans to identify a number of possible targets suitable for acquisition. It anticipates future growth to be derived from identifying and acquiring similar targets that provide synergy and are able to be acquired at commercially viable terms. + +&#x200B; + +All of the information I have obtained is from their prospectus that was provided when they were in their pre-IPO phase (link: [https://dl.airtable.com/.attachments/e594095a9a68b490b5e0b3822606db28/bcb7d77b/EZZLIFESCIENCEHOLDINGSLTDPROSPECTUS01.05.2021.pdf](https://dl.airtable.com/.attachments/e594095a9a68b490b5e0b3822606db28/bcb7d77b/EZZLIFESCIENCEHOLDINGSLTDPROSPECTUS01.05.2021.pdf)) + +Obviously, please DYOR. This is a long-term hold, as they have many things in the pipeline for both the short- and long-term future. LET’S MAKE SOME TENDIES! +Edit: 🚀🚀🚀 +This rule is ridiculous. This is making small investors impossible to trade. You entered into a position and later regretted it. Guess what? You have no day trade left. Now you are stuck to your position until the next day, costing you thousands of dollars in loss. And the big players? They get to trade without any restriction. Yeah, that sounds fair. +Currently no one knows what the hell is going on with the stock market, more so overseas in the US than here. My Portfolio is about 40% American stocks and theres a lot of talk on peoples mind of a further crash. Having done a bit of research it seems the American market is a lot more inflated than ours, for example the impact of the 'Corona crash' was much more felt in our markets than in the USA, our ROI since January 1st being -25% and the US ROI being -15%. There is an enormous sense of optimism for business' atm, with everyone expecting them to recover fully at the end of the crash creating a lot of confidence, but I worry we will see the economic impacts of the Virus much further down the road than most investors expect and this will eat into stock value for much longer than currently expected. + +If anything the crash will be caused by the fed ending its interference in the market. + +I'm wondering what you all think, will there be a further crash? Is it fair to think that it will be felt less so over here than in the US? +Vanguard has several funds with very similar names and it can be confusing. + +For example, what is the difference between: + +[Vanguard FTSE All-World UCITS ETF](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-all-world-ucits-etf-usd-distributing?intcmpgn=equityglobal_ftseallworlducitsetf_fund_link) + +And + +[FTSE Global All Cap Index Fund](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-global-all-cap-index-fund-gbp-acc?intcmpgn=equityglobal_ftseglobalallcapindexfund_fund_link) + +I don't really understand ETF funds, is there any benefit to ETF? the fees are similar for both. + +Am i right in the thinking the Vanguard FTSE All-World UCITS ETF is the most popular fund around here? At the moment I have mostly lifestrategy 100%, but I am looking if its worthwhile to change as I have concerns about the US market overheating. Looking at the emerging markets funds but want to keep some global funds as well. + +Any advice is appreciated. +What's the biggest thing about investing that frustrates you? + +i.e. if you had a magic wand, and could change 1 thing, what would it be? + +Aside from being guaranteed 10% annual returns, obviously... +I had shares in Signature Aviation and have just found out they have been bought out by a private consortium. + +(Mildly) annoyingly the price I received is less that what I paid (only £13 overall). + +First question: how is the price per share set when this happens? Is it based on the publicly listed price at time of the take over? + +Second question: how does a private takeover happen. Does the takeover company have to scoop up enough shares to force a takeover (e.g. 50%). What if a minority shareholder doesn't want to sell (assuming there is something in law here that's means once a company owns enough shares they are allowed to buy the rest without the owners of any shares having any say in the matter)? +Here is a director's dealing which I'm looking for help with. I don't understand why this director would buy and sell on the same day? There are also 2 other directors who have done the same on the same day. + +I assume that they're either bonus payments given in shares or some kind of regular incentive and instead of keeping all of them they've sold some? + +Is this something you would be worried about? + +06/10/2021 TIN *~~NAME~~* RES 6,715 @ 0.00p £0.000 + +6/10/2021 SELL *~~NAME~~* RES 6,715 @ 1,069.00p £71,783.000 + +6/10/2021 BUY *~~NAME~~* RES 168 @ 1,069.00p £1,796.000 + +6/10/2021 BUY *~~NAME~~* RES 10,281 @ 1,069.00p £109,904.000 + +N.B. I've redacted the director name as this group doesnt particularly like this stock. +Afternoon, + +Was thinking about dipping my uninformed toes into investing after doing some research while housebound. My current plan would be to open a 212 account and put the majority of the money (90%) in a vanguard index fund or two. Then play around with the other 10% buying and selling some stocks I like. I have read Tim Hale's smarter investing and realise this is not recommended in the book. + +I'm just looking for opinions on whether this is totally dumb or just ill advised or even possible on the 212 site. I'm going into it with the understanding the 10% is likely to lose money and really it's because I find this stuff interesting and want to play around with it a bit. My first option was to stick it all in an index fund on the Vanguard website but that doesn't really give the option of trading to the degree 212 does. + +Tldr: 90 in a vanguard fund. 10 or even 5 in a 'fun' fund + +Thanks for any help +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +So today I blew up a account again. This is the third time this has happened to me and I feel like absolute crap. I don’t really know what I’m really asking for it but it just feels incredibly lonely and people around me don’t even realize how much work and time and effort just went down the drain today. I just feel like such a degenerate gambler and I don’t know how I’m going to get myself together after this one. I’m not going to jump right back in and add more money, im probably going to get back to paper trading and learning more before I go back in with real money again. +I live in NYC and I've been hanging out at the occupy wall st. protests. I think what they're doing is great (and important) - especially highlighting the excessive influence that "the 1%" holds over "the 99%". I fully support aggressive campaign finance reform (publicly-funded elections?) and any other measures to reduce this imbalance. + +BUT, in my mind, ending the FED has nothing (or very little) to do with this. It's just a distraction, and definitely undermines the legitimacy of other "demands" coming out of OWS. + +When I see (*the many*) signs suggesting we end the Federal Reserve system, I just have to assume those individuals are uninformed or misinformed about the role the Federal Reserve system plays. + +I think the likes of Alex Jones et al have threaded together some horror-story conspiracy around the FED, and that is what drives most to protest it. + +I'm sure you can pick out problems with the current system (as you can with nearly any system), but it is *far* better than the oft proposed replacement - gold. + +I think it would be great if those who have studied economics and/or those who have read a great deal about the issue could try to form a consensus. Of course you know where I stand on the matter, but if the consensus leans the other way, that's fine too. + +I will x-post this to [r/occupywallstreet](http://www.reddit.com/r/occupywallstreet). + +**TL;DR - Can anyone suggest some serious reasons why the federal reserve system is *less desirable* than something like a gold standard? On an aggregate/total cost-benefit level?** +Looks like the bridge tolls of the San Francisco-Oakland Bay Bridge are going to go up. Are there any studies of what demographics are most affected by bridge tolls? Will this act as a regressive tax that hits the poor hard, or are the poorer demographics already taking public transit enough that this will act as a progressive tax? Even better, is there any analysis of the demographics of this bridge specifically? +[This is his blog site where he wrote about it](https://www.google.com/amp/s/thenextrecession.wordpress.com/2016/10/04/the-us-rate-of-profit-1948-2015/amp/) + +[And this is supposedly the methods he used](https://thenextrecession.files.wordpress.com/2016/10/short-manual-for-downloading-rop-data-from-bureau-of-economic-analysis-1.pdf) + +I didn't read through all of what he wrote, because I couldn't figure out how good or bad it was. This is because I am not very knowledgable in economics and not very good at math either. So I came here to see if any one of you can figure this out, and tell me if he is full of it or not, or if this means anything at all +Federal debt to US GDP has reached almost 140 at this point. Most people heard about it but brushed it off as just being due to Covid. But looking at the chart, this trend has been going on since the 1980s and really accelerated after 2008. [source](https://i.imgur.com/UVHpXvU.jpg) + +Is their anything *realistic* that the US can do to bring this back down? Debt does not seem like it’s going to slow down anytime soon so it seems to like it comes down to boosting GDP. ~75% of our GDP comes from services and investments. [source](https://i.imgur.com/8UviaJU.jpg) + +To me this makes it seem like we need to boost our production of goods drastically but I’m not sure what steps the government can even take to do this without ramping up debt along with it. Would love some insight from people that know more about fiscal policy. +I have read a few posts about econophysics dubbing it as a deadbeat field with no major contribution. +On the other hand, Quantum Finance seems to be a sub field of econophysics which is getting a lot of hype due to the whole Quantum computation "bubble". + +I have seen articles related to JP Morgan Chase and Goldman Sachs recently indulging in research of Quantum computation algorithms. + +My question is are these fields worth exploring still? +I'm ready to get a broader perspective of the field by learning about the "economics" and "finance" part first before just going to the "physics" part(as people view these people as having no idea how economists think and are said to be delusional in their own physics world). +Traditionally in the united States, homeownership rates are calculated to be the percentage of homes that are occupied by their owner, not the percentage of people in a nation who own a home, which are two completely different things. What is the value of this second figure? +According to most economic research, an increase of immigrants doesn’t seem to cause a decrease in wages for the majority of native workers. Most of the research, though, is based on the US context where the labor market is less influenced by trade union acrivity. +Do the same conclusions hold up in a context of more rigid labor market, like in Italy or France? +I only scored 80 in a first year Macroeconomics test for business which isn't that good. I'm not that good at math either, but I find the whole subject extremely interesting, especially industrial organization. + +Because I'm doing a degree in business and management I really need to improve in some fields. Is it possible for me to gain a MSc in Economics? + +Total average for macro/micro is 75 +I've been wanting to ask this question for a while. What I'm wondering is: does income inequality in itself result in lower inflation rates? + +Right now there seems to be a ton of money being injected into the economy from all of the stimulus and low interest rates, but if the majority of that ends up in the hands of the top 1% (who just hold it up in bank/investment accounts and don't really spend it), then I'd imagine it wouldn't really have an impact at all on overall inflation. Is that true? +As many of you know, when Ether was trading at about $400 I made a post explaining what was about to happen [exactly like it happened](https://np.reddit.com/r/ethtrader/comments/6hc2an/ive_predicted_most_movements_correctly_so_far/). People keep asking me why I didn't sell. That is so stupid it makes me wonder if those guys even know what Ether is. + +For the noobs around, Ether is a (ridiculously scarce) form of money that can be directly exchanged by computing time in an incorruptible worldwide computer. Now, let that sink in. Do you know anything more valuable than computing in nowadays world's? Neither do I. Now think about the value of running programs in a worldwide neutral computer. Can you even fathom how much valuable that is? No, you do not. It is beyond what you can comprehend. + +Fast-forward 5-10 years from now, when big companies such as Google or Amazon make a partnership, deal or anything, where do you think they'll put that agreement? On Amazon's computers? On Google's computers? Will it be a paper contract (LOL)? No, it will not you dummy. In the age of information, such agreement will be a fucking contract on the Ethereum network, because that's the most obvious and neutral place for it to be. *Ethereum is the rising backbone of the internet economy*. There will be a point when people talk about it just like they talk about UDP, TCP, HTTP. Now, realize every single major company, government in the world will be doing the same thing. They all need Ether for every single fucking thing they do. The Ether that is in your hands right now. So, again, do you even know what you're holding? + +"Why didn't you sell your Ether and buy later on, hurp durp" - because I'd fail, like you did, dumbass. The market is optimized to take Ether away from people like you and me. You don't even know, but there is an a file for your trading behavior someone else's database, analyzed 24/7 by state-of-art machine-learning algorithms. That's what you're fighting when you trade. If I sold, chances are things would play differently. There is a reason I have a fuckton of Ether. What goes in my cold wallet do *not* get out. + +Lesson? Do NOT expose your Ether to the market. Hold it in a cold wallet and go live. Only come back again by 2019 when the price hits 10-20k and you're millionaire. Then, please, do what I did and save some noob asses from losing their lives in those short term blood fests. +For the past year or so I've been looking for housing data in a uniform programmable format. I started with looking to see if Zillow or Redfin offered API's and it look's like they either never have, or stopped offering API's. + +I guess I don't know the whole story but it appears to be because of the bureaucratic insanity of the MLS system. Essentially from my limited understanding MLS's can elect to only share data with local registered real estate agents. Further if you're even lucky enough to get access to a broad number of MLS's the data isn't standardized. + +This is pure insanity to me, this data should be transparent -- I shouldn't have to use random web apps like Zillow and Redfin that try to aggregate data (which I've read isn't 100% anyway) in order to evaluate market data. +Mid 20s, $200k to my name and want to get started building my passive income. I have no experience, but have read and watched a lot on the internet and understand the basic process. + +My price point per property is whatever works. I've heard that cheaper properties in the $40-150k range tend to produce a higher ROI, but am open to more expensive if the math works. + +Subtracting 40% from gross ROI for property management, repairs, vacancy, etc. End goal is a net ROI of 10-12% per property. + +Plan on using 30yr mortgage for maximum leverage, then start paying off properties when I hit 10 total. + + A few things in particular I'm not solid on: + +- How to correctly value a property. How not to get ripped off for unexpected problems with property. + +- How much reserve cash I should keep for emergencies. Thinking 10% of all properties' value, but really have no idea. + +- Risks of holding 10+ properties at a time. + +- When/ how often I need to be physically present. For example, if I own a property in another state being managed by a company. + +- Unexpected comittments of holding 10+ properties. In the end, I want it to be as close to passive as possible. + +Thanks for the help! +Obviously nobody really knows for sure, but figured it'd be fun to see what y'all think. + +On one hand, the shear amount of wealth wiped from financial markets recently could incite a reverse wealth effect, plus reduced household cashflows (with an extra serving of hurt for Canada because of the sudden crash in oil). Canadian consumers are generally already very leveraged, and from my understanding many small-time landlords in large metro areas are cashflow negative on rent alone and are counting on capital appreciation. Prices go down. + +On the other hand, extremely low interest rates on high grade-debt with the recent central bank cuts, and possibly even lower rates to come. It becomes easier to carry debt on new property or refinance existing debt. Lower CAD also makes Canadian real estate a more attractive option for foreign investors, similar to the spike we saw after the start of the oil glut. + +What's your guess? +Might be an obvious "just sell it", but curious to get some feedback. + +I'll likely purchase a house in the next 12-18 months. Right now most of my money is tied up in equities. I can sell today at roughly a 2% loss overall, and make it up with a one year 4.5% GIC. + +Alternatively, I can try and wait out the next few weeks to see what happens, but timing the market is a dumb idea. + +I've recently changed careers and buying real estate is realistic for me, hence the change in timelines. + +Got a lot of red in my books, but right now I'm 30% up on AAPL which is nearly 1/3rd of it, making up for losses in others. + +Edit: Going to sell this in chunks over the next few months - but as of today I liquidated the 40% of my portfolio that was in the green to lock in profits. + +Second Edit: Sold even more after doing some modelling. Right now My portfolio is 70% Cash/ 30% equity - those equities are all in an ETF. + +All of my profit taking + realized losses equated to about a $85 net profit (As of September 13th). Unrealized losses - VGT is my final position, which I will sell in chunks over the next year. + +Final Edit - Funny Meme- [](https://i.redd.it/enxv62s3tmn91.png) +We know the data is real, because of the same spike a quarter ago, and several other quarters going back a long time. + +We don’t know who borrowed the shares, but we have some idea who is holding the bag. + +u/Ortex_official the next part is for you to consider: + +Shares loaned out yesterday exceeds shares possible to loan. +GameStop will release updated DRS numbers with Q3 earnings. + +Right now you can contact the SEC with the information you have available and have a chance to get a whistleblower reward. This window of opportunity is rapidly closing. + +Once DRS numbers are confirmed and we can prove that there are not enough shares for anyone to lend out that ludicrous amount, Ortex becomes complicit. +Ortex will have stayed quiet in a matter of international securities fraud. + +Ask yourself u/Ortex_official if this is a risk worth taking… We know you have the data - but now DRS numbers means that soon we will be able to prove securities fraud and after yesterday you risk getting caught as complicit due to passivity. + +Do a risk analysis and blow the whistle… +I live with four roommates and, between us, we have a gross income of maybe $150,000 per year, ranging from $12,000 to $62,000. Our take home, combined, is probably $100,000. We live in a city where minimum wage is $15 an hour so individually some of us make much more but we don't average more than minimum wage total. Our rent costs us about $3500 a month including utilities. That doesn't put us below the poverty line but things are relatively tight. + +We live near a church that was recently having a food bank and one of my roommates stopped in to pick up some things. All told we probably received about $200 worth of groceries and, while that $200 wouldn't have been beyond our means, it helps significantly. For the last several months I've been living on junk food because I've barely had the motivation to cook between financial anxiety and social anxiety. + +I try to help in any way I can, offering friends who are in bad situations a place to stay until they get on their feet, and I won't hesitate to give up as much as I can to help anyone who asks, but I feel like in accepting the donations from the church I'm taking food out of the mouths of people who need it more. I haven't been very active with any of the churches or community centers near where we live, mostly from being burnt out after work, but I plan on helping when I can. + +I don't really have a question, I just needed to vent because I don't know when it's okay to stop giving. I feel like as long as I have more than anyone whose path I cross I haven't done enough to help, and it's caused me a lot of cognitive dissonance to accept help when I feel like there's still more help I can give. +**Q1 Earnings Call - June 1st, 5pm EDT** + +**Shareholders Meeting - June 2nd, 11am EDT** + +*For more info go to* [https://news.gamestop.com/](https://news.gamestop.com/) + +[GameStop Wallet Support](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🗳 [Voting/Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr) + +>How to vote, how to attend (if you've registered to), and general discussion + +# 🟣 [Computershare Megathread ](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/) + +>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! + +**Read** [**Superstonk's Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** **Join our** [**Discord**](https://discord.gg/Superstonk) + +**​**[**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/) **||** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **||** [**GME.fyi**](https://fliphtml5.com/bookcase/kosyg) + +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 +Just mucking around with my tax return and the ATO's calculator to see how much i'm owed/ need to pay to the ATO. + +&#x200B; + +Weirdly enough, when i click 'estimate return', it says I owe the ATO a large chunk of money and one of the line items in the payables is 'Compulsory Higher Education Loan Repayment' AKA HECS which is fine. Only thing is, my employer has been deducting payments for the entire year from my salary to cover this and my payslips verify this. + +&#x200B; + +Any ideas why the ATO hasn't factored this into my return and says it's outstanding? Is it because i need to wait for the ATO to actually deduct the funds it has in holding from the principle amount? + +&#x200B; + +P.S This community rocks, it's so good to have a group of financially literally people readily and willingly divulging valuable info. +Portfolio NAV when selected XIRR shows Infinity% and sometimes somewhere it shows NaN (Not a Number). Seriously, this is not expected from a financial company. + +Such errors are of JavaScript. There has to be a proper way to handle numbers in JS. + +Also other topic, as a suggestion, it would be better if you show negative return or loss in red for Rs. too instead of just applying that only to % loss. Also – Rs. 500 is not better than reading Rs. –500 (minus five hundred). Eg. In current and all time return on home/dashboard and where ever. + +Thanks. +Just before coronavirus hit there was a thread by /u/crimelabs786 about the worse which can happen during coronavirus: + + [https://www.reddit.com/r/IndiaInvestments/comments/fjmpwg/in\_times\_like\_this\_it\_helps\_to\_look\_back/](https://www.reddit.com/r/IndiaInvestments/comments/fjmpwg/in_times_like_this_it_helps_to_look_back/) + +In that thread I talked about how I was going to cope with this. Especially given the fact that I was let go from my job in Feb. Thanks to my experimentation with NukeReddit the post is now deleted. But thanks to /u/Noobie_solo_backpack , /u/crimelabs786 and especially /u/additional_trouble for all the encouragement. + +Starting Monday I am starting a new job at a Fortune 500 company with a better position and salary. + +Now the reason I am writing this post is this: + +One, things are never as bad it seems. Things recover. Just give it time. You have to be patient. It applies not to life but investing as well. What has gone down, given time, will come back. + +Second, you have to keep plugging away. They say fortune favors the brave but I believe fortune favors the prepared too. Unless you are always looking for an opportunity it will never knock. That again applies to investing too - You have to keep looking for ways to get out in the front. Keep trying and reading. + +Third, we don't know how coronavirus is going to pan out. Though I hope it doesn't happen but some \*might\* end up where I was. Jobless just before a big pandemic. And those people I say, buck up. If I can do it, so can you. Just be positive. + +If you have read till here, let me give you a non-obvious stock tip - passenger cars and 2-wheelers: + + [https://www.bloomberg.com/news/articles/2020-04-16/post-virus-transportation-future-more-cars-fewer-trains](https://www.bloomberg.com/news/articles/2020-04-16/post-virus-transportation-future-more-cars-fewer-trains) +Just before coronavirus hit there was a thread by /u/crimelabs786 about the worse which can happen during coronavirus: + + [https://www.reddit.com/r/IndiaInvestments/comments/fjmpwg/in\_times\_like\_this\_it\_helps\_to\_look\_back/](https://www.reddit.com/r/IndiaInvestments/comments/fjmpwg/in_times_like_this_it_helps_to_look_back/) + +In that thread I talked about how I was going to cope with this. Especially given the fact that I was let go from my job in Feb. Thanks to my experimentation with NukeReddit the post is now deleted. But thanks to /u/Noobie_solo_backpack , /u/crimelabs786 and especially /u/additional_trouble for all the encouragement. + +Starting Monday I am starting a new job at a Fortune 500 company with a better position and salary. + +Now the reason I am writing this post is this: + +One, things are never as bad it seems. Things recover. Just give it time. You have to be patient. It applies not to life but investing as well. What has gone down, given time, will come back. + +Second, you have to keep plugging away. They say fortune favors the brave but I believe fortune favors the prepared too. Unless you are always looking for an opportunity it will never knock. That again applies to investing too - You have to keep looking for ways to get out in the front. Keep trying and reading. + +Third, we don't know how coronavirus is going to pan out. Though I hope it doesn't happen but some \*might\* end up where I was. Jobless just before a big pandemic. And those people I say, buck up. If I can do it, so can you. Just be positive. + +If you have read till here, let me give you a non-obvious stock tip - passenger cars and 2-wheelers: + + [https://www.bloomberg.com/news/articles/2020-04-16/post-virus-transportation-future-more-cars-fewer-trains](https://www.bloomberg.com/news/articles/2020-04-16/post-virus-transportation-future-more-cars-fewer-trains) +In my experience, the really big ROIs come from investing in ICOs with low market caps. Some examples are LINK (4x-5x ICO price) and DNT (maxed at 24x and still at 5x ICO price). Obviously, lots of research has to be done to differentiate the good from the bad, but its worth it for the potentially huge returns. Even when projects are solid like Bancor or Filecoin, there ends up being almost no room for growth because if they evaluate themselves with 200+ million dollar market caps and proceed to raise that much, the price has nowhere to go but down post-ICO. Therefore, I'm only interested in discussing solid, low-market cap ICOs here. I'm going to list the top few choices I've seen posted here and elsewhere, and I'll update the list per your suggestions. + +~~[AirToken](https://www.airtoken.com)~~ - (New info, be careful) - The AirToken is a new Ethereum ERC20 token that unlocks free mobile internet through advertising and spot rewards. Besides the stacked team, AirFox is already an established technology that works. With a 15 million dollar market cap, I'd expect a nice ROI. A working mobile app could easily bring the cap up 5x what it is now, if not more. ICO is almost closed for this one. + +[Upfiring](https://www.upfiring.com) - Incentivized P2P file-sharing. Pretty unique and overall solid concept with a very low market cap. If the app is successful I expect to see huge returns - for reference, similar projects like Siacoin and Filecoin are valued at 20x-30x Upfiring's ICO price. I skyped with them over an issue I had at the start of the crowdsale and they were very nice/knowledgeable. Their crowdsale contract is also made with in such a way as to prevent people from losing their tokens if they accidentally contribute from an exchange or incompatible wallet. Solid project overall. + +[Airswap](https://www.airswap.io) - Similar to shapeshift and 0x, but with a few twists. The team is large and is serious about the project. They use a whitelist for their token sale. There's a lot of competition here but it seems promising - we're in need of a good token swap protocol, as none have really stood out as the best yet. +Edit: Cap is bigger than I thought. Still a good project but less of a margin for profit. + +~~[Cindicator](https://cindicator.com)~~ - Sold out - Really an incredible idea, but far-reaching like Golem. Very low market cap for such a large team and project, and as far as I'm aware it is about to be reached. The predictive market AI based on staking tokens is an exciting idea and it will be interesting if it is implemented properly as a way to advise investors. They promote collective intelligence which blockchain technology is perfect for. +Edit: Token Sale sold out. + +[EnjinCoin](https://enjincoin.io/) - Cryptocurrency for gamers, a huge market. They have a small team (4 people, plus advisors) and are seeking to raise $25 million according to my understanding. Very well put together roadmap, whitepaper and website. + +[Request Network](https://request.network) - "Raising 100K eth, 21K people in slack before they shut down whitelisting weeks ago, and backed by the top silicon valley seed fund YCombinator." + +Once again, this is just a few that I've found so far based on my own research over the last few months. I have some other projects I'm looking into for November as well, but will make another post when that gets closer. As I said I will add projects to the list as you guys suggest them - let's sort through this influx of ICO's and find which ones are worth our time. +There's some speculation going around regarding the massive 1 day, zero interest loans made by the NY Fed. + +1) they are normal and have been happening every day for a long time. +2) the "Counterparties" mentioned are all banks and money market funds. +3) Shitadel and co have no part in this whatsoever. + +This is just how reverse repo loans work. They're meant to add quick liquidty to allow transactions to occur without having to unwind positions, etc. + +Link to the Counterparties involved in these loans: + +https://www.newyorkfed.org/markets/rrp_counterparties + +If you do find ties to Shitadel in that list, please share! + +Tldr; These don't mean shit. Buy, hold, vote. + +EDIT: Clarification... The size of these loans is incredibly important in pointing out market volatility, the period of market mania we're in before a crash, etc. + +But they are not hedgefund bailouts. 👍 + + +[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. +Now that the Black Friday ads are starting to filter out, this is a great trick to avoid the chaos that is Black Friday. + +Some credit cards (Discover, Chase and Citi cards that have price protection are confirmed to work for Black Friday) will price adjust previous purchases to Black Friday pricing. This trick exploits the 90 day price adjust feature that many cards have. This feature usually is limited to something like $500/claim and $2.5k/yr but can be VERY useful on certain types of purchases like technology goods. Before we get started, not all cards allow it for door buster deals. That being said, Discover Card in particular is well known for ALLOWING this practice, even on door busters. Other cards, vary based on the card and issuing bank (contact your issuer for confirmation). It doesn't work for all deals, namely ones where the thing on sale is a BF exclusive item but in general the quality on those is so low anyways the deal isn't usually as good as you think. Anyways, it is a great way to get Black Friday deals without having to stand in line. I am posting this now in advance because you need to purchase + + +The practice is pretty straight forward: + +1. Find out what deals you are interested in, such as say a TV. Do this by checking your usual deal sites like bfads.net, etc. +1. Save the image from the ad or cut out the ad that lists the model and price. +2. Purchase the item BEFORE Black Friday (within 90 days) and save your receipt. If you purchase it after BF, they WILL NOT adjust to an earlier price. +3. Laugh at the people waiting in line wasting their holiday for the deal that you already got. +3. Wait until it is time to file (can't file BEFORE the date the sale price goes active, only after) +4. File your claim and submit your evidence. *For Discover Card: call Discover Card (1-800-638-8312 is the direct line to the Price Protection Dept) to start your price match claim. They'll they will ask how you would like to process it. Select online option. You will then fill everything out [here](https://cardbenefitcenter.com/oc-dc/app/login)* + + + +When to purchase can be important. I try to buy as close to BF as possible, because that allows me longer to monitor the price and then file my claim. Note, with many cards you can only file a claim once so it can be importatnt to wait and file as near to the end of 90 days as possible. As many have learned, BF prices are not always the best prices anymore. For things like TVs buying later can be useful because it allows you all the way through the Super Bowl which is when many TVs go on sale. Thhe super bowl this year is Feb 5, so if you purchase Nov. 7th or later, you will be covered. For anything else, anytime from now until BF is a good time to buy if you want the best price between now and just after Christmas. If you were to purchase today (Oct. 17), you can file a price match until Jan 15th. This gives you through Christmas,after Christmas, New Years and after New years to adjust to the lowest price. This way you can track prices even on the after Christmas/New Years clearance sales. + +TL;DR: Some cards (like Discover) allow you to purchase an item in advance, then price adjust to the Black Friday price. No waiting for Black Friday deals, just purchase and enjoy your holiday. Then file + + +EDIT: To address some common questions: + +1. They do not come back and get the money from the merchant. From what I understand, they take an insurance policy against the price protection. You then file your claims with this insurer (commonly called the Benefits Handling Company). /u/mn123654 stated in [this excellent post](https://www.reddit.com/r/personalfinance/comments/57yz88/reminder_some_credit_cards_like_discover_will/d8wld50) that Citi card uses Virginia Surety Company and MasterCard uses Sedgwick Claims Management. Chase lists a PO box in Virginia for claims (my guess is they use the same company as Citi), not sure yet about Discover. + +2. You MUST purchase BEFORE or on the same day that the sale is valid. Purchases AFTER the sale date do not receive purchase price protection. + +3. Also, Citi Card explicitly states they are supporting Black Friday this year. They also recently upped their price match game to match Chase and Discover ($500/item, $2.5k/yr). I just called Chase and their words were "Black Friday deals are fully covered as long as they are a purchase that otherwise would apply for price protection benefits." + +4. This feature is available year-round folks, most people DO NOT know about it. I brought up Black Friday because this is a great way to save money, but never forget to keep an eye on big purchases after you finish making the purchase. You can file a claim at any time (the exact duration depends on the card, most are 90 days, a few are 60 days). + +5. Don't forget your other card benefits, such as extended warranties, return guarantee, damage protection, etc. You never know when these would come in handy. Many people have NO CLUE about these extra benefits that can actually be REALLY valuable (more so than the rewards/cash back themselves). + +6. For most companies, the $2.5k/yr is PER CARD. If you have multiple cards with the same company, you can actually get more back as long as they are on different cards. + +7. Taxes are not refunded. In some states that isn't that big of deal, in others it can be a pretty hefty amount. + +EDIT2: A usage case that someone PM'd to me, that I didn't think of. Because the merchant doesn't get dinged with the price, you can buy from your local mom&pop shop and price match to the national chain price (as long as the difference is less than $500). A great way to support your local business and still get your great price. +Hi PF I'm a very scared 20 yo college student and don't want this to happen, my mother is adamant that this is the way to go. The person that invited my mom to this thing is a close relative and i dont think she believes its fraud either. You basically give 24,000 to get in, then recomend two people who do the same after 8 people are at the bottom level the person at the top aka you gets 192,000 + +Its an obvious pyramid scheme and is destined to fail and I've tried explaning this to my mother(too many people needed to only give one money etc), I'm very concerned for her financial well being (since 24,000 is about 5 months salary) and don't want her to feel stupid or conned by this relative which I believe also has no clue what this is( I dont think she would intentionally do this to my mother, I think she actually want to help her get out of her debt) but I dont know how i can aproch the topic firmly without fighting + +Sorry if this is a mess please I'm a little freaked out, feel free to ask clarifications in the comments + +PS Im from mexico so any resources in spanish for my mother would be awesome + +EDIT: Monday +I went to bed woke up and started doing my daily routine and throughout the day I thinking "Its a lot of money but we'll get by It's not worth the huge fight" but then I went into reddit again almost forgot about this post and HOLY SHIT the internet nice people definitely out number the trolls. With this amazing response and all your support i just can't let her do this. She's at work right now so I've just kind of sent her a bunch of your links and comments. I guess we'll talk about it when I get home. I just hope she actually reads any of this stuff because she can be very stubborn oh and BTW if I commented you with a"TBG" it means I'm going to gild you, just so I dont forget. Thanks nice internet strangers YOU ROCK! +Throwaway account because personal. I purchased a vehicle last April for $10,000. Zero down. I finished paying off a previous auto loan a few months prior. The lender holds the title to the previous vehicle as collateral. I was informed prior to purchase that it would not be an issue to refinance once the balance was lower to get the title. Earlier this month I contacted them inquiring about refinance options. My remaining balance is $8853. I would like to pay $7000 toward the principal and refinance the remaining $1853 for 36 months. I was told that my best option is to make bigger payments or double payments to reduce the principle. My interest rate is 30.42%. So far I have applied for the $1800 loan with a local credit union and was denied due to current collection actions. I don’t want to keep applying for credit as I have been working on my credit for the past 4 years and my score is the best it has ever been. Any advice would be greatly appreciated. +Hi Guys, recently realised that i'm spending circa £400 - 450 on Coffee at work per year (buying one coffee a day from costa). I just bought a flask and i'm going to start taking that in instead. Its a weird concept but for some reason saving £2 a day doesn't having the same positive (endorphins?) feel to me, as earning £2 a day, when in fact the net result is the same (unless you start saving more, and earning more at the same time i guess). I figure over a 30 year career this might have me like circa £12k . + +I'm 25 and have along way to go before FIRE, do you guys have any tips / small spending habit changes you made that contributed alot towards FIRE? + [https://www.prnewswire.com/news-releases/aritzia-reports-financial-results-for-fourth-quarter-and-full-year-fiscal-2020-ended-march-1-2020-301067334.html](https://www.prnewswire.com/news-releases/aritzia-reports-financial-results-for-fourth-quarter-and-full-year-fiscal-2020-ended-march-1-2020-301067334.html) +Guten Tag to this global band of Apes! 👋🦍 + +I've seen some very compelling posts recently about the 'Critical Margin Theory', and while I cannot say for certain that I subscribe to the idea, the data does make a great case. +Last week we saw quite a lot of upward momentum on low volume, but each time there would be a sudden reversal. +With borrow rates remaining high, it makes sense that the maintenance cost of the short positions would be rapidly driving the margin calls lower. +Sustained pressure from Apes DRSing and HODLing with Diamantenhände makes me expect that we're going to continue to tickle the shorts right in the margin call zone. +Is this the week that they'll lose control? + +Whatever happens, remember that when the MOASS begins, there is no limit to the fuckery that is going to be directed at Apes to get them to sell shares at a discount. +The media is going to be in overdrive, spinning stories of individuals losing their pension to cold-hearted HODLers. +There will be brokers that screw over their customers in any number of ways. +There will be shills in every thread, on every discord and subreddit. +I plan to continue here daily, but I would not put it beyond their reach to hijack my account and shill from 'within'. +And so, I am offering some advice before that day comes in the hopes that it inoculates some against the inevitable attempts to stunt the MOASS. + +First, make a list. +Make a list of all of the reasons that you bought GME, and the reasons that you HODL GME. +List the reasons that you would sell *any* of your GME. +This list is yours alone. +Each of us will have a different list. +Write your list on paper. +Look at your list daily. +Curate your list. +Think back on why you first bought GME - is that reason on your list? +Is who you HODL for on your list? +Will your list change your life? + +Will your list change the world? + +When the MOASS comes, ignore everything except your list. +Look at your list, and consider whether you can cross everything off of it. +Remember - this is your list alone, and it is not going to be the same answer for every Ape. +Do not let the FUD machine change your list during the MOASS. + +Let your list alone be your guide. + +Today is Monday, June 27th, 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: **$135.77 / 129,01 €** *(volume: 749)* +- 🟩 115 minutes in: $135.79 / 129,02 € *(volume: 744)* +- ⬜ 110 minutes in: $135.76 / 129,00 € *(volume: 742)* +- 🟩 105 minutes in: $135.76 / 129,00 € *(volume: 742)* +- 🟩 100 minutes in: $135.74 / 128,99 € *(volume: 684)* +- 🟩 95 minutes in: $135.65 / 128,89 € *(volume: 684)* +- ⬜ 90 minutes in: $135.55 / 128,81 € *(volume: 544)* +- ⬜ 85 minutes in: $135.55 / 128,81 € *(volume: 544)* +- ⬜ 80 minutes in: $135.55 / 128,81 € *(volume: 523)* +- 🟩 75 minutes in: $135.55 / 128,81 € *(volume: 516)* +- 🟩 70 minutes in: $135.50 / 128,75 € *(volume: 515)* +- 🟩 65 minutes in: $135.41 / 128,66 € *(volume: 412)* +- 🟩 60 minutes in: $135.09 / 128,37 € *(volume: 412)* +- 🟩 55 minutes in: $135.05 / 128,33 € *(volume: 412)* +- 🟩 50 minutes in: $134.93 / 128,21 € *(volume: 405)* +- 🟥 45 minutes in: $134.54 / 127,84 € *(volume: 301)* +- 🟩 40 minutes in: $134.60 / 127,90 € *(volume: 301)* +- 🟩 35 minutes in: $134.59 / 127,89 € *(volume: 292)* +- 🟥 30 minutes in: $134.59 / 127,88 € *(volume: 274)* +- 🟥 25 minutes in: $134.62 / 127,92 € *(volume: 270)* +- 🟩 20 minutes in: $135.23 / 128,50 € *(volume: 157)* +- 🟩 15 minutes in: $135.22 / 128,49 € *(volume: 154)* +- 🟩 10 minutes in: $135.15 / 128,43 € *(volume: 149)* +- 🟥 5 minutes in: $135.07 / 128,34 € *(volume: 122)* +- 🟩 0 minutes in: $135.26 / 128,53 € *(volume: 110)* +- 🟥 US close price: $135.21 / 128,48 € *($135.88 / 129,11 € 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 1.0524. 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 have a fully rollercoaster life and a lot of ups and downs... and sometimes I forget that I'm allowed to dream like a lot of you guys... you think you are not allowed to dream because of disappointment because life is shitty and is against you but right now with MOASS bound to happen sooner or later you have hope of living better and be able to dream not breaking ur back working jobs you hate and doing stuff that makes you question your dignity and existence... you are able to dream to just sit somewhere and imagine life without being afraid of paying all your bills on time without being afraid to go to the dentist cause your next tooth repairment will cost you ur the whole salary... you can dream that all the pain is going to be washed away and you can help people... family members people who deserve it.... you don't feel insignificant anymore cause now you matter and you have more power and you will be in control of this ship and wherever it is going.... before maybe you could just sail through the shitty weather but soon this boat will turn into something better and the destinations are gonna get better, sunnier and healthier.... so train again to dream get that feeling back close your eyes and feel what you are going to feel imagine yourself in that new thing you wanna buy feel the pre-happyness hitting.... you sail this ship now with more power.... with your imaginations and dreams.... + +*look at me....* + +You **ARE** *the captain* now! +There have been a few other long-term HODLers sharing their stories recently and I've greatly enjoyed reading them and reminiscing about Bitcoin's past. Here's my story - I hope it's as entertaining as the others. + +\--- + +Every number between 0 cents and the current ATH has been, by definition, the all-time-high at one point. Don't let that prevent you from taking a risk in something you believe in. Extend your time horizon to a decade and lock your coins away. + +\--- + +I've been a libertarian since I was a teenager. The expanding role of the State is something that I've been worrying about for most of my life. While learning about the immorality of the existence of the State, at some point I learned about monetary policy and how inflation is robbing everyone on an unprecedented scale. I tucked this knowledge away and was determined to figure out a way around it when I started making my own money. (This paragraph is the only one involving political philosophy, go ahead and continue reading) + +I first heard of Bitcoin in 2010 on one of the many forums I frequented in my libertarian internet circle. It was an interesting concept to me, but I didn't pursue it at all. Again I tucked this knowledge away for future use. + +I heard of it again several months later (2010). This time I decided to try it out. I remember downloading and syncing the reference wallet and using a BTC faucet to send coins to my wallet. I forget exactly how many it was... 5, maybe? That's as far as I went with it though. At some point I deleted the wallet and the downloaded blockchain - probably to make room for a Steam game or something. Those coins are gone. + +That's right - Steam. I have been a gamer for most of my life as well. I owned a powerful graphics card at the time: The Radeon 5970. + +The third time I heard about Bitcoin was in May 2011. I had heard that the price was lifting off and people were making a lot of money from it. This time I decided to dive in and see what I could figure out. + +This was where I fell into the deep rabbit hole of Bitcoin. I remember getting so absorbed in it that I didn't sleep some nights. I was working my day job, going home and learning all that I could about Bitcoin. Learning about how addresses were generated, how wallets worked, how mining worked, how the difficulty adjustment worked, everything that I possibly could. + +After a week or two of obsessing and reading about Bitcoin, I decided that this was the most important invention since the internet - the most perfect form of money ever created. One of the most ingenious systems ever designed by man - and NO ONE KNOWS ABOUT IT YET. + +I can't recall if any other coins existed at the time, but between 2011-2012 I remember other coins like Namecoin, Peercoin, Feathercoin, and some others. I don't hear about any of those other coins these days... besides LTC and XRP, of course. + +I decided that I wanted in. I needed to get some Bitcoin. I needed it NOW!! This would be like buying stock in the Internet itself but better - no counterparty risk, and I could be my own bank! + +I wasn't making a lot of money at the time, so putting money towards anything discretionary wasn't going to be friendly to my budget. Yes, I owned a badass gaming rig, but that was my only luxury in life. I knew I was going to buy for the long term, so I decided to put aside $500 and go for it. I was going to buy Bitcoin. + +At the time, Mt Gox was the only game in town that I can remember. I don't think BTC-e existed yet, or maybe I just hadn't heard of it. + +I signed up for a Gox account and figured out how to fund it. There were a few ways to do this, one of which was another app called Dwolla. So I signed up for Dwolla and got verified. I then deposited my $500 and initiated the ACH transfer to Gox. BTC price at the time: $3. + +I had initiated the transfer on a Tuesday evening after work. I was informed that the transfer would arrive at Gox on Friday. + +I watched agonizingly as the price climbed hour after hour, day after day. $3.50. $4. $5. $6. I was missing the boat!!! By Thursday evening the price had doubled. + +At work on Friday, I checked my email on my phone practically every five minutes. The transfer didn't go through the entire work day. I had plans with friends that evening - damn it, I was going to have to try and do this on my phone while hanging with my friends?! + +I ended up making my first BTC purchase while sitting in a movie theater. I bought 50 Bitcoin for $10 each - during an all-time-high. + +I still hodl every one of these coins today. + +(The movie, for the curious: X-Men: First Class) + +I couldn't stop there, though. The more I learned, the more I had to know. The more I had to DO. That's when I got into GPU mining. + +This was a time before ASICs. I believe GPU mining was relatively new -- before this, miners were only using CPUs (which were in 2011 -- like GPUs in 2020 -- obsolete for SHA256 mining). + +The next day I dove headfirst into Bitcoin mining. I downloaded the software and set up an account on Slush Pool. I ran my 5970 on full blast for a while and went out with some friends. When I got back, my bedroom was noticeably hotter than it was when I left. So that's what I was going to be dealing with? Ok, fine. + +I also couldn't play any demanding video games while the miner was running. I'd have to dial the hashrate down, or disable it completely. Ok, I guess I can manage that. + +After a few days of dealing with that, I decided to buy another 5970. If I got bored of Bitcoin, it would still make The Witcher 2 run better! + +All told, between mining with Slush Pool and BTCGuild for a month, I managed to mine an additional 50BTC that month. + +I still hodl every one of these coins today. + +One day, my electric bill came. $350. For my 1BR apartment? That can't be right... + +I called up the electric company and told them they double-billed me. + +"Nope, that amount is accurate. That's what you owe for this month. Have a nice day!" + +And that was the day I stopped Bitcoin mining. + +I had been telling all my friends and gamer friends about Bitcoin the entire time. They laughed at me. I told them they wouldn't be laughing when I was a millionaire. + +Soon after, Bitcoin crashed -- HARD. Dropping from $32 at its peak to $2 over the next few months -- one of the largest price drops in its history. + +I was dejected. I stopped talking about it with my friends. The gamer communities I was a member of made fun of me relentlessly, trashing Bitcoin every day. News articles celebrating Bitcoin's death popped up everywhere. It was the first major public crash, and I felt all alone. + +I uninstalled the Bitcoin price widget from my phone. I moved on with my life and tried to forget about Bitcoin. I left the wallet on my PC, but deleted my copy of the blockchain. + +I barely thought about Bitcoin for the next two years. Any time someone brought it up at work or in my friend group, I changed the subject. I was completely demoralized and thought I had fallen for the biggest scam of all time. + +After this unbearable TWO YEAR period... Bitcoin came back. + +One day I opened r/Bitcoin and saw utter elation all over the front page. What the hell was going on? + +Bitcoin had surpassed the last all-time-high and was climbing still. $50... $100. And it was still going!!! + +I snapped out of my multi-year funk right then and there. Somehow my paper financial loss had clouded my judgment and made me forget about the fundamentals that made me interested in Bitcoin in the first place. + +"Bitcoin was back?" It had never left. It was still the same decentralized, unforgeable, instantly transferrable miracle asset that I had fallen in love with. + +I got back into mining again, but I didn't leave my GPUs running 24/7 like I had before. Eventually, ASICs started coming out and obsoleted GPU miners, so I had to start mining LTC instead and selling them for BTC. I mined on a site called give-me-ltc and did my trades on BTC-e. + +Eventually I got tired of managing my miners, paying extra for electricity, and dealing with switching stuff around for gaming. I stopped mining again and moved on to other things. + +I exited this phase with an additional 30BTC and over 400LTC. I still hodl every one of these coins today. + +Eventually, BTC hit $1000. I watched this live on [bitcoinity.org](https://bitcoinity.org). I remember this day vividly. + +The graphic shown on bitcoinity for every price point was usually some sort of funny gif - someone dancing, someone acting crazy, someone making a funny face, Mr. Bean watching signposts fly past his car. This time, the gif was different - it was serious. + +It was an astronaut on the moon. A flag was planted behind him bearing the Bitcoin logo. + +Tears welled up in my eyes. This was significant. Bitcoin was being recognized for what it was - the most perfect form of money ever created. + +My stack was now worth enough to pay off all of my six-figure student loan debt. I had thought that I would be paying this debt off for the rest of my life. Bitcoin meant potential financial freedom to me. + +I didn't sell a single satoshi. + +Of course, $1000 didn't last, and paying off all my loans with my stack was no longer a possibility. The price did not recover for almost FOUR years -- even longer than the previous crypto winter. During this time I bought a few more coins through Coinbase. + +The 2017 run-up was a blur -- except for one day... + +The day I became a crypto millionaire. + +My family didn't grow up with a ton of money. I never had the latest clothes, toys -- well, anything. We weren't poor, but we scraped by. I didn't have a great education in personal finance. + +Being a crypto millionaire went straight to my head. + +Driving to work on that day, I remember thinking I was the most badass person on Earth. Somehow I had managed to manipulate some computer numbers around that were now worth over a million dollars!! + +I couldn't help it - I told everyone at work. I was a crypto millionaire. I couldn't shut up about it. I told my family. I told my friends. I told everyone. + +I went to the store to grab a few things. Walking the aisles, I couldn't stop thinking about it. "These people have no idea they're standing next to a MILLIONAIRE." + +Of course, my crypto millionaire status didn't last long. + +This time, though, I SODL a few coins at the peak. I bought a house and a car. + +A month or two later, I was no longer a crypto millionaire. + +Seeing the altcoin season was kind of crazy to me. For a few months, you literally could not pick a losing coin. Everyone was a winner. It was sheer insanity. I picked up a few ETH to get some exposure, even though I didn't (and still don't) believe in it long term. + +I'm doing pretty well these days. I am numb to any price activity at this point. The last time I bought was the dip down to $4000 in March. I don't know how anyone could have resisted that one. + +Other than what I SODL in 2017, I still hodl all of my coins. + +You may be able to see a pattern here. There's always going to be another all-time-high. There's always going to be a crash or a correction. You're probably going to feel stupid more than a handful of times being a HODLer. But eventually these feelings go away. + +I have a few more anecdotes and random thoughts to share, so I'll make them bullet points below: + +&#x200B; + +\- I held on to my BCH for a while. I will admit that I was TERRIFIED during the flippening. 6-12 months later, I sold them all for BTC. + +\- I immediately sold all my BSV for LTC. + +\- I hold BTC, LTC, and ETH. That's it. + +\- I don't believe in any of these centralized or "new and improved" shitcoins. I'm a BTC maximalist through-and-through. The only other coin I'd consider at this point would be Monero. I know almost nothing about it and I haven't done any research on it, so I don't hold any. + +&#x200B; + +FUNNY + +\- I gave $5 of BTC to a friend in 2013. They forgot about it. I reminded them about it this year. They sold it for $175. + +\- I gave $30 of BTC to a friend in 2013. They sold it in 2017 for $750. + +\- I solo mined IxCoin (literal who?) for a few days because I wanted to feel what it was like to solo mine a block. I did not solo mine a block. + +\- My favorite Bitcoin meme is "This is gentlemen." Why don't people say that anymore? + +&#x200B; + +REMINISCING + +\- Wallets I used: Bitcoin core -> Armory Offline (airgapped with TAILS) -> Electrum Offline (airgapped with TAILS) -> trezor + +\- Armory was flaky as fuck. I moved on to Electrum after the 20th time Armory failed to sync the blockchain. I remember having to manually export the private keys using some Python script because I couldn't get the wallet synced. + +\- Reddit is too slow for BTC sometimes, so I would go to the BTC-e trollbox to get some realtime action. Now that BTC-e is gone, I typically hang out in /biz/ when Reddit is boring. + +&#x200B; + +REGRETS + +\- Not buying more. Not mining more. + +\- Not selling BCH for BTC immediately. That one still stings. + +\- Focusing a little too much on paying down debt vs buying more BTC. + +\- Buying precious metals in 2013. What a waste. + +\- Selling in 2017. But, I wanted a house and a car. Regretting taking profit is stupid, but I can't help it. + +&#x200B; + +THOUGHTS + +\- I never once tried to convince anyone to buy Bitcoin, despite how much I talked about it. I tried to convince people of the potential and that the Fed was evil, but I never once said, "You should buy Bitcoin" to anyone. + +\- I see another 10x for BTC. Just buy BTC. Don't buy anything else. Just buy BTC and fucking HODL. + +\- HODL through these crashes. They make you stronger. After a few of them, nothing will faze you. Be a fucking man and HODL on to your coins!!!!! + +\- People just don't understand the network effect of the BTC protocol. No one cares that another coin has better features. No one cares that there are better internet protocols. They use what has the most infrastructure and support. Don't fall for these shitcoins. + +\- People don't understand the layering concept. Increasing blocksize simply isn't the solution to scaling Bitcoin - second layer and beyond is the solution. + +\- Taxation is theft. + +&#x200B; + +Hopefully this was at least mildly entertaining. + +Happy New Year!!!!! + +&#x200B; + +Edit 1: Lots of comments about "taxation is theft" - some genuine, some not. If you're open minded and want to learn more, check out these short videos: [https://blog.georgeoughttohelp.com/george-ought-to-help/](https://blog.georgeoughttohelp.com/george-ought-to-help/) + +Edit 2: My thoughts on Ethereum: [https://www.reddit.com/r/Bitcoin/comments/ko1wk3/i\_bought\_the\_ath\_in\_2011\_a\_decade\_of\_hodling/ghopkjj?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Bitcoin/comments/ko1wk3/i_bought_the_ath_in_2011_a_decade_of_hodling/ghopkjj?utm_source=share&utm_medium=web2x&context=3) +The market is behaving erratically and the volatility can catch many new traders off guard. If you're actively trading throughout the day and you seem to be losing more than your gains, then step back and follow these basic rules to safely navigate the current market. + +1. Only trade stocks that are above the 200 SMA on *all* timeframes, and above the 20 and 50 SMA on the 5 minute timeframe. +2. **Only trade stocks that are above the 50 EMA on the 1 Hour timeframe.** +3. Only trade stocks that are above the 40 RSI on *all* timeframe, and above the 50 RSI on the 1 Day timeframe. +4. Do not trade before 9:35 AM EST. If you're absolutely new to day trading, then wait until 10:30 AM or later to trade. Use the time to observe the market and feel how it's behaving using the SPY. +5. Only trade stocks above the VWAP. + +Here are a few rules regarding risk management and position sizing: + +1. Only trade stocks *after* you determine the stop loss (SL). +2. Take profit when the price hits **X \* (ENTRY - SL) + ENTRY**, where X is 2 or higher. This is the Reward part of the Risk/Reward. +3. Do not lose more than your 1% of your trading capital, if the stock hits your stop loss. +4. Determine the amount of shares you should by based on the 1% rule using the following formula: + +**Amount of Shares = 1% (or less) of Capital / (Entry - SL)** + +I've created a free, open source risk management [script](https://www.tradingview.com/script/FanHP09w-Risk-Management-Position-Size-Risk-Reward/) on TradingView to help traders automate the position sizing part of the risk management strategy. + +Good luck and be safe in these trying markets. +As you can imagine I’m not the most financially savvy person out there hence my post on a subreddit. + +A little background (not looking for props just some context). I come from a rough upbringing, my father is a drug addict and spent my whole life in and out of prison, my mom raised us 3 kids alone on a waitress income. She did as best as she could but we were poor. Payday loans etc were regular but my mom never took on food stamps or welfare. Still she ended up bankrupt. + +Needless to say I didn’t have the surroundings or the means to learn proper financial literacy. Unfortunately , I dropped out of high school got my GED, went to many community colleges and borrowed loads of loans without ever graduating. I was bankrupt but age 30. And student loans are not forgiven. (I will be graduating this year though!) + +Fast forward to now I’m 35 , the only thing I did right was push myself to learn coding, I also used some money to buy a place for $105k in a college/tourist town right before I went bankrupt. I held on to the place and it’s appreciated to $230k + +I took on a junior level coding job a few years back and worked my way up the latter. I lived frugally, I had no car, biked to work, ate in, and spent every extra cent fixing my house up to rent in the future. And for a few years I was able to save money even on a small salary. I vowed never to put myself in the hole again. + +Just a few months ago I was promoted to senior manager with a new salary of $115k gross. Before then I was making $48k plus a little side consulting gig. + + +I also live a digital nomad lifestyle now and rent my place out so my expenses are even lower. + + +Current Income +$115k +Bonus :$25k +Consulting: $16400 +Rental: $1250/month + +Current Monthly Expenses +Rent: $500 (I live in Asia now) +Utilities: $125 +Insurance $45 +Random subscriptions: $110 + +Mortgage:$650 +HOA: $214 + +Current Debt +Student Loans (Gov) $72k +Remaining Mortgage $82k + + +Sorry for the winded post. Just looking for some recommendations and direction on how to manage this new income, where to best put my money to grow, and how to approach my debt. + +I have been given this amazing opportunity and don’t want to mess it up. I want to break the poverty chain in my family. + +Thanks everyone. + +TLDR: I recently got a promotion that more than tripled my income. I was bankrupt and screwed my finances up. I’m looking to do things the right way this time. +something monumental is happening & WE are making history. yes it scary and the future is uncertain. but just know that the HF are digging a hole. hold your stocks no matter what. this bubble is going to pop soon. and when it does, we’re going to the moon 💎 +I just switched careers and got into a entry level SWE job at Microsoft from a non-CS career. I'm in my late 20s. Stupid, question but what do I do now? I went on the cscareers subreddit and there are people saying to switch jobs every 2-3 years to get a bigger salary. I noticed on my company wiki that it generally takes 5-8 years to become a Senior SWE. Also, is Microsoft considered FANG or FANG-level? I wish there was a playbook somewhere and any guidance would be helpful. A search for FANG on this subreddit produced a variety of responses. +I feel like such a shithead. I'd be dead without them. My job pays well but I just started so all my money is going towards backdebt and my epilepsy costs a fortune. + +I'm sure she will probably understand but I feel like the worst person ever that I can't even afford her a small $20 blouse or something. Her birthday is today and I'm dreading going home from work to having to say this. + + +Edit: thanks for the ideas. I will write a letter. +I've read the main reason planned economies are bad is that the government is bad at knowing what products are in demand so there is normally a disconnect in terms of supply thus creating surpluses and shortages. +My question is why? Don't governments in planned economies keep track of what is being sold which lets them know what is in high demand? Why is this information only available to privately owned firms? +What are shortfalls? What theories and assumptions have its gap? What is one thing austrian economics have a hard time to explain or defend their points? What is a good counter point to Austrian economics? +So inflation is considered good for the economy as long as it is under 3% I believe. So this would eventually lead to the dollar being worth so little that you would have to pay 1000s for like a bar of chocolate or something small like this. Obviously once numbers start getting this high it becomes inconvenient so I’m wondering if there is any way to either reverse this or fix this problem. It just seems inconvenient to have the dollar become that weak and to have that much money be worth something so little. I know that other countries outside of the US have situations like this and while I’ve been there it was very inconvenient. +I am reading a book on Friedman’s monetarism that says the following: + +“Milton Friedman argued that governments could raise or lower interest rates to affect the money supply. Cuts would stimulate consumer spending; rises would restrict it and reduce the amount of money in the supply.” + +First of all, interest rates on what exactly? On loan payments, savings accounts, etc.? Secondly, why would changing an interest rate cause the money supply to change? It makes it sound like raising interest rates will somehow make currency just disappear or magically un-print itself. I must be misinterpreting this, but I can’t for the life of me find a decent explanation of monetarism that isn’t loaded with jargon. +Interested to know how you share the responsibilities between yourself and your other half. Do you discuss all purchases over a certain amount or have totally separate accounts. +I have joint accounts with my wife and generally would discuss any major purchases. But her she has spent £6k for gifts for her brothers wedding without asking me. I think separate accounts would be better with each contributing to the bills but feels odd for a married couple. +Hey i am creating this post as i am still not entirely sure on the whole screening process of tenants; specifically collecting the application fee and doing the actual background/credit check. + +i.e. I list my property for rent. Possibly receive phone calls and schedule a time for applicants to come and check out the property. + +If a person is interested in the property then you ask them to fill out an application and pay a fee. + +1. Are you physically handing them an application to fill out during the screenning? +2. Are you physically collecting money or a check from them during the screening to cover the background & credit check? +3. If you work with a 3rd party company that will complete an application's background check; do you tell the possible tenant they have to go through this company and fill out the application online? +After seeing a lot of anecdotes and stories of people who *would* be millionaires, had they only held, had they not sold at 100 dollars etc etc, and seeing the story of the man who committed suicide, I think it helpful to remember that nobody can predict the future. If I had put my life savings in bitcoin a few years ago, I would now be rich beyond compare. If bitcoin crashed and went nowhere, I would have ruined my own life. I had no way of telling what would happen, just as a man choosing lottery numbers has no way of predicting what would win that night. Idk, it's just something you shouldn't spend you're time regretting. Staying invested could still pay off, or it may not, so just act smart and don't look back. +I just turned 20 years old and I started investing on Robinhood. I bought some Coca Cola stock but other than that I don’t really know what’s some other good stable stocks to hold before I try going for the riskier stuff. + +I tried reading up on companies and their stock information but I short circuited after seeing numbers with percentages beside them. + +Anyways I’d appreciate some help. +**UPDATE:** WELL is no longer halted, but DOC is still halted pending news. Likely just a coincidence. + +**UPDATE NO.2:** DOC was supposed to present at the LD Micro conference. Their name has been removed from the 3:40pm time slot: [https://ld500.ldmicro.com/](https://ld500.ldmicro.com/) + +**HERE IS THE ANSWER WE'VE ALL BEEN WAITING FOR - 13M OFFERING:** [http://www.globenewswire.com/news-release/2020/09/01/2087276/0/en/CloudMD-Announces-13-Million-Bought-Deal-Public-Offering.html](http://www.globenewswire.com/news-release/2020/09/01/2087276/0/en/CloudMD-Announces-13-Million-Bought-Deal-Public-Offering.html) +So, yesterday I was sitting around the house, thinking about my favorite stonk, and the metaverse, and it struck me square in my pink starfish. A realization that I've since been trying to wrap my head around the sheer scope of ever since, and my glassy gray matter is really struggling with it. GameStop is about to create and enable something much larger than just their marketplace: GameStop is about to create an entire cluster of economies. I'm not sure if this sub has really come to this realization, but I think this is why we're seeing so much talent flocking to GameStop - they've been shown the potential. Allow me to attempt an explanation of one such potential economy, and how it might connet to the others- I'll use an IP most of us are familiar with: Pokemon. + +# Rarity & Demand + +This is the first pillar of my realization. GameStop allows an IP like Pokemon to bring the stakes of their game to all new levels by allowing creators to, well, create rarity. Remember the craze of collecting Pokemon cards, and how now some of them are worth thousands of dollars? Well, that's because of rarity, and your chances of pulling a 1st edition Charizard being pretty fucking slim due to the number of physical cards in existence. Now, NFT's allow devs and creators to implement that same rarity to their game worlds too - they cryptographically ensure the uniqueness of an item. So, GameStop's marketpace could allow, say, The Pokemon Company to populate their next game with NFT pokemon. There could be an entire population's worth of NFT's minted for next to nothing thanks to Loopring. Pokemon in the game world could have the same rarity in game as the cards would have. Say there's millions of Magikarps in play, and a few thousand Gyrados. Can you imagine finding literally the only existing Mew in the world? Players want to win, and Collectors want to collect - this is going to create demand for the strongest, and rarest Pokemon in the game. Allowing players to buy/sell their collectible and limited Pokemon for use in a game world is going to create an entire economy, JUST WITHIN THE POKEMON UNIVERSE. Powerful Pokemon will become very valuable, and the Pokemon Company, and GameStop, would see proceeds from each of those transactions, whatever their value might be. Players might determine that having the only Mew in existence is worth $10, or it's worth $100,000. Can you imagine quitting your job to literally catch/train/sell Pokemon? + +# E-Sports + +Thanks to things like rarity, this can really increase the stakes of a game not only for the players, but also spectators. If the chances of you finding a Zapados or an Articuno in the wild are slim, wouldn't you want to hang out in the metaverse to watch the best Pokemon trainers battle it out with the one's they've found and trained? Suddenly seeing rare and unique Pokemon battling is an actual spectacle - you can't just pull them out of thin air anymore. People might actually want to go to watch tournaments, which creates a Pokemon league, with fans and collectors cheering on their favorite trainers, and maybe even bidding for their champion Pokemon. The Pikachu who won the very first Pokemon trainers championship? Well, someone might really want that NFT, and pay accordingly. Maybe it's worth $500,000. Maybe it's worth even more than that. Some of the most expensive 1st edition Charizard physical cards are priced at nearly $800,000CAD on Ebay. Do they have verifiable history attached to them? Can you see the stats and outcomes of every battle they've been in? Can you watch replays of the best players in the world battling with them? Can you literally interactively fight with them in-game? **Do they do anything other than just sit there and be a "stupid worthless" card?** Maybe that in-game champion Pikachu is worth a lot more to someone. Maybe having some skin in the game makes these digital assets much more valuable. Keep in mind: A portion of all these transactions are going directly to the creator of the NFTs, and to GameStop. + +# Avatars & Game World + +This is where we sort of combine the Pokemon IP with the rest of the metaverse's potential. Let's imagine that this Pokemon game allows us to bring our metaverse avatar into their game world. This allows for all sorts of opportunities with things like clothing companies, and the entire realm of streetwear. Let's step into this economy for just a moment: + +Let's say that the folks who run the clothing/stuff brand *Supreme* decide "Oh hey, let's make a limited run of NFT hoodies that come with our physical hoodies. We don't want to deal with gas fees, or learning crypto, so we're going to mint everything with GameStop" - well, people are going to buy them, because they want the exclusivity. There are only so many physical hoodies for sale, and there are only so many NFT's to go with them. Having an avatar wearing certain brands of clothes can become a status symbol, because the demand for *Supreme* NFT hoodies is nuts, and supply is limited. Having a cool avatar starts to become much more meaningful to players, because they can start to bring their favorite clothing into their games with them, along with knowing they might be the only ones who can have it. (Just want to quickly point out that people will buy Fortnite skins for like $10, knowing that thousands of other people have it) More and more clothing companies will see the value in creating NFT versions of their products because not only does it let them advertise their brand to a huge audience, but this becomes an entirely new revenue stream for them. You know how much money is made in the reseller market for streetwear? Well, now they are guaranteed a bite of those sales. So is GameStop. + +Someone might really want to have the jacket the 1st Pokemon champion was wearing when they won to display in their metaverse apartment. They might pay a lot more money for it than it was originally worth, because it is unique and can be traced back to an event that's important to them. A company might take notice of that, and want to sponsor trainers, so they could not only get the advertising exposure, but also a piece of those elevated profits when their NFT's are sold at a premium. The potential is huge. This can further be built upon with things like decorating (or even building) your ingame or metaverse home with art from your favorite artists. I hear that people like buying NFT art, or something. + +# Summary... ish + +This is just a small fraction of the scale and potential that the NFT marketplace brings to the table. By allowing creators to manufacture supply/demand within game worlds, economies for these worlds are born, and give the contents of those worlds tangible value to players and collectors alike. These economies will create entirely new revenue streams for multiple sectors, and GameStop is at the center of all of them. Creators can turn their IP's into their own economies now. Can you imagine, an entire economy for even a fraction of the games you've played and loved? What about for collectibles? NFT comic books? If the current "de-facto" NFT marketplace is worth $10B for mostly selling jpegs to speculators and has extremely with high fees, what do we think GameStop's organic value could be worth given what we know about their marketplace offering? GameStop may have laid the framework for entire economies to be born. I have never felt so fucking bullish about my investment. I think I'm going to throw up from how dizzying the scale becomes. + +Also, shorts never closed. So there's that too. + +All this potential **and** we're DRSing the float? They are so fucked. + +&#x200B; + +**tl;dr - I think GameStop's NFT marketplace is going to create multiple economies. At least one for every game that utilizes NFT's, and that's barely the start.** +Not sure if anyone considers it when buying property, but there's talk that sea levels could rise by as much as 3m by 2100, and potential ways in which a 9m rise could happen. +Obviously the majority of us will be long gone by then, but kids born today will be alive. + +If you're buying property you intend to stay in forever and pass on to your children; makes sense to check the whole thing won't be flooded. + +I'm about 60m above sea level. I checked the area before I bought. But the place I moved from is now at risk of flooding sooner than that, and flood defences are being installed. + +There's also a new estate (<20 years) near to us, which is flagged for a further 2000 houses over the next decade or 2, yet a sea level rise of 4m would completely flood the valley it lies in unless some serious flood defences are built. + +Leasehold are big in the news at the moment, but this seems to be a bigger medium/long term risk that doesn't get mentioned. + +I checked [floodmap.net](http://floodmap.net). + + +Anyone agree or disagree? +Thoughts? +Karma to soften the blow? I was so torn between buying another share and registering but decided this is the way. Who knows what kind of fuckery the brokers will get up to during the MOASS, this way my shares are safe. + +It was really easy to do through the chat. I just had to provide my address, number of shares, and account to take it from. + +I’m holding onto my XX TFSA shares since I don’t quite understand the tax implications. +Guten Morgen to this global band of Apes! 👋🦍 + +Exciting times indeed! With the crypto markets in freefall, we're seeing several crypto trading platforms suffer 'glitches' that are preventing their users from accessing the assets held on their behalf. This is highly suspicious to me, as the platforms would only take such extreme measures in times like this if it were the only way that they could remain afloat. They are well aware of the signal that it sends, and that breaking trust in such a way is going to be a heavy black mark on their reputation if they manage to survive. These are survival measures, and is a clear sign of the kinds of things that will be happen when the brokers start to fall. + +Meanwhile, the rest of the markets also had an incredibly bad day. It seems that investor sentiment has soured significantly, and it is not just crypto taking a hit. With the Fed expected to hike interest rates at a faster pace than previously expected, the money that used to flood the market is rapidly drying up. It's curious to me that RRP continues to set new records - are we seeing the cash that comes out of the market finding a safe home in the overnight deals? Could this be collateral that the brokers require to maintain the short positions? + +Finally, the FUD machine is in full force. It was hard to miss, but u/dlauer has recently been targeted by a campaign to raise suspicion of his motives and seed distrust of his efforts to drive market reform. Dave Lauer has been a steadfast supporter of this movement, and has helped to bring much insight to Apes. He is clearly on the right track, but I am glad to see so much support for him. + +This is already a more eventful week than many, and we're just about to start the second day of it! Will you please join me in this ride? + +Today is Tuesday, June 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$120.02 / 114,80 €** *(volume: 2517)* +- 🟥 115 minutes in: $120.25 / 115,02 € *(volume: 2450)* +- 🟩 110 minutes in: $120.26 / 115,03 € *(volume: 2425)* +- ⬜ 105 minutes in: $120.25 / 115,02 € *(volume: 2354)* +- 🟥 100 minutes in: $120.25 / 115,02 € *(volume: 2352)* +- 🟥 95 minutes in: $120.73 / 115,47 € *(volume: 2171)* +- 🟥 90 minutes in: $120.75 / 115,50 € *(volume: 2062)* +- ⬜ 85 minutes in: $120.76 / 115,50 € *(volume: 1922)* +- 🟩 80 minutes in: $120.76 / 115,50 € *(volume: 1922)* +- 🟩 75 minutes in: $120.33 / 115,09 € *(volume: 1769)* +- 🟥 70 minutes in: $120.33 / 115,09 € *(volume: 1701)* +- 🟩 65 minutes in: $120.33 / 115,09 € *(volume: 1699)* +- 🟩 60 minutes in: $120.31 / 115,07 € *(volume: 1691)* +- 🟥 55 minutes in: $120.25 / 115,02 € *(volume: 1551)* +- 🟩 50 minutes in: $120.32 / 115,08 € *(volume: 1520)* +- 🟩 45 minutes in: $120.17 / 114,94 € *(volume: 1510)* +- 🟥 40 minutes in: $120.17 / 114,94 € *(volume: 1487)* +- 🟥 35 minutes in: $120.25 / 115,02 € *(volume: 1481)* +- 🟥 30 minutes in: $120.25 / 115,02 € *(volume: 1448)* +- 🟥 25 minutes in: $120.43 / 115,19 € *(volume: 1404)* +- 🟩 20 minutes in: $120.54 / 115,29 € *(volume: 1185)* +- 🟩 15 minutes in: $119.61 / 114,41 € *(volume: 855)* +- 🟩 10 minutes in: $119.09 / 113,91 € *(volume: 455)* +- 🟩 5 minutes in: $118.55 / 113,39 € *(volume: 273)* +- 🟩 0 minutes in: $118.53 / 113,37 € *(volume: 263)* +- 🟥 US close price: $118.25 / 113,10 € *($117.90 / 112,77 € 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 1.0455. 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! +Have always had a good relationship with my single mom. She came into inheritance a 4-5 years back and was able to help out my brother and I who were in tight spots. In the past 5 years I have been able to get a well-paying job and am doing great overall. + +However after auditing my checking account I just realized she has been using my account to transfer money in and out (mostly out). When I briefly confronted about this over the phone she told me she always pays it back. However when you tally it up she has withdrawn $10,600 and only paid back $3,000 of it. + +Not sure how to go about this, but I clearly don't feel good about her taking so much of my money without even asking. I know when I bring this up with her in-person she'll try to lay a guilt trip about how she has paid for meals out and vacations I've taken with her. In retrospect I wish I never had a joint account with her in the first place, but hindsight is 20/20. She has been better about paying back money borrowed lately, but back in Summer 2019 she withdrew 5,000 without my knowledge within a few months. + +No idea what I can do about this, but obviously the first step will be removing her from our joint account. + +Thoughts? +I'm 27 and I graduated with an associates degree in may. + + +Still can't find work besides a merchandiser job that's under 40 hours a week and pays 13.50 an hour. Still live with my mom. Still hate myself. + + +Don't make enough to date, don't make enough to support myself, and now I get to listen to people whine about how hard their lives are when they make 6 figures while I work retail. + + +I see people with houses (something i'll never obtain) and fancy cars, the ability to see the world (i've never left this state) and I just feel anger and resentment. Sitting in my local spots listening to people talk about their trips to foriegn countries, events, conventions, their next big purchase, and i'm like, yeah I made 500 in two weeks, after "rent" (cause my mother takes pity on me) it's about 450, then 60 later in gas, so about 390. Wooo! So much to brag about! + + +I was so hopeful (something I never do) after a job interview last week. Only to have a horrible day at work and come home to an email declining. Which then I got more and more emails each day making excuses as to why I wasn't picked. (I never asked but okay?) + + +How do you not feel like a loser when you make so little and you can't even support yourself? +I’ve asked them to stop but they ignore me. Return to sender also has not been successful. Edit: I rung this company and was told it’s not junk mail and would continue. +Good afternoon ethtraders, + +There has been an influx of sentiment on the sub recently from the likes of u/dcinvestor and u/krokodilmannchen regarding crypto gain, wealth planning and generally how not to get screwed in the coming bull. Appreciate you guys. Whether this happens this year or in 3 years, I will try to share my two cents. + +You should consider moving to Portugal. + +Why? First of all, cryptocurrency gains are tax free in Portugal. The slow pace of bureaucracy here, means that will not be changing anytime soon. Second, with a special tax regime for foreigners, you can enjoy 10 years of capital gains at a tax rate of 0% (excluding the sale of securities). Furthermore, you can cap your income tax for skilled labour at 20% during this time period. + +Portugal has a rapidly developing economy and there is a large gap to close in order to catch up with other European countries. This means that there are a lot of opportunities here. There is a burgeoning start up scene and large tech companies are building offices here (google recently). Not to mention we have a very vibrant, and the worlds largest, digital nomad community. + +The blockchain scene here is small, but very close knit. It is growing. There is a dedicated blockchain space, The Block, which hosted Consensys’ Crypto Cafe during Web Summit 2018. Lisbon will continue to host web summit for a decade. + +The quality of life here is astounding. The locals are friendly, and the culture is laid back. You can eat fresh delicious Southern European food everywhere and when the bill comes you will be laughing at how cheap it is. The cost of living in Portugal is extremely low. Oh, and don’t forget the weather is beautiful here all year; I was sunbathing in January! Some of the best beaches and surfing are on the coasts of Portugal, and there is a wealth of natural beauty at the national parks. + +I moved over here last year and fell in love. I can’t think of a better place to have weathered this dreadful bear market, and I think you guys should join me. ;) +Remember, behind most of these currencies there is real projects and real work. If you have done your research and put your cash in those currencies you believe in you will profit. Blockchain and crypto is still in its early phases. +EDIT: Obviously the title should say "we NEED to talk about inflation." And I need to think about sleep. + +APES. Well the dip machine might be broke, but I can deal with a little sideways trading every now and then. Makes the deep green days feel all that much more special, ya know? And boy oh boy, there are deep green days in our future. + +It's the weekend again, so you know what that means. Time to grow some more wrinkles with the OG king ape, Michael Burry. Now before we go any further, let's address the elephant in the room: HE'S BACK!! My man is back on twitter after a nearly 3 month hiatus, and call me crazy but I think that is the most bullish sign yet. Whatever is going to happen will happen. The die has been cast. + +So the Fed had a closed door meeting this week, and as I was listening to Jerome Powell give his presser and making jokes about what he was saying, at a certain point I realized that almost all of the questions mentioned the word "inflation." I wasn't surprised exactly, but it did hit me how real things are becoming. Even main street media is openly talking about inflation now. Shoot. + +Anyways, during the presser, Burry tweeted this: + +&#x200B; + +[welp...](https://preview.redd.it/siwgd0gyj4671.jpg?width=750&format=pjpg&auto=webp&s=042ad9f5195710b8f28319586b9557666c0ed9dd) + +For fellow apes who might not speak English primarily or know the idiom, here is the definition of "whistling past the graveyard." + +**Definition of** ***whistle past the graveyard*** + +*informal:* to act or talk as if one is relaxed and not afraid when one is actually afraid or nervous. + +*He shows a confident manner, but he may just be whistling past the graveyard.* + +Burry has made it clear in the past that he thinks inflation is a very real worry for the U.S. And I would have to agree with his assessment about the Fed's presser. Powell talks a good game, but if you watch him closely while he speaks you can see he is very nervous about something. In one sentence Powell says they are very confident inflation will remain anchored around 2%; the next he says he has "no idea" where the U.S. economy will be in two years 😳. At one point, a reporter said point-blank: "so it sounds like you think next year will be a down year for the economy, with inflation." And Powell responded by saying "well, it will be a year with less fiscal support." + +\*Gulp\* + +I don't know about you, but if we are going to go full-bore toward inflation I would prefer to at least start reading up on it. Preparing for the worst sucks because you have to think about... well, the *worst case* scenario, but the great thing is that if you can put up with the discomfort you will feel better. So grab your weekend beverage of choice, and let's grow some wrinkles, shall we? + +**The Ascent of Inflation** + +Like I mentioned, this is not the first time Burry has talked about inflation. He had an extensive series of tweets back in February about the subject which I found fascinating. You might find value in reading it all too, [kindly preserved by the Burry archive Twitter account.](https://twitter.com/BurryArchive/status/1363226650016509953) + +Today I am looking at three main tweets from that chain, shown in these two pictures below: + +&#x200B; + +[\*whistles\*](https://preview.redd.it/pl7drf64o4671.jpg?width=1100&format=pjpg&auto=webp&s=656c5b54c28ce2c03e42c517871a9d3be5b48fb4) + +[\[whistling protocol broken\]](https://preview.redd.it/l62qaxl2o4671.jpg?width=1100&format=pjpg&auto=webp&s=6600905460210b892986d47decd342ffb33a6a2f) + +Burry is quoting extensively here from a book about the German hyperinflation during the Weimar Republic, just after World War I. The book is Jens O. Parsson's "Dying of Money: Lessons of the Great German and American Inflations." I read parts of that book, and it has quite a few things to say that I think are very valuable for us. + +Parsson describes what he calls the "ascent" of the hyperinflation of Germany with a few key identifying factors. I made a pretty lil' infographic with lots of blue crayons for you that spells it all out. (Change my mind: blue crayons taste the best. Blue Raspberry. Yumm.) + +&#x200B; + +https://preview.redd.it/otrw250rb5671.png?width=800&format=png&auto=webp&s=49a7def11db26fca65cd84a3160e3c3981fedf64 + +Now, there are notable overlaps with our current situation but I want to be clear that it is not a perfect overlap. Just to go over it briefly, here are my thoughts on the stages listed above. + +1. **A Crisis that is "fixed" by printing money:** We certainly had our "World War I" crisis with COVID. The Fed has introduced more money into the economy through stimulus checks and reverse repo (we will go over that in a moment), and at the moment, already at 5% inflation, there is no end in sight. +2. **Gap between the 99% and the 1% widens:** It has been well documented that the wealth gap only widened due to COVID as unemployment skyrocketed, people were forced to stay home, and the richest people in industries that were unaffected by the pandemic (media, online retail, etc.) only grew richer. +3. **Extremely high volumes of market trading:** our stock markets don't run off paper anymore, but there are parallels to find. For example, stock closing prices being adjusted in after hours (hmm, which stock have we seen this with recently? 🤔) and also trading halts that are specific to a certain brokerage (Burry gave us a pretty big hint with this one by adding #robinhooddown to the tweet where he references this, the first of the February tweets I posted above. Also, did you notice what the feather next to "stage 3" on the infographic looks like?) +4. **Increased crime and sectionalism:** This I would say anecdotally is true, but honestly I don't have stats to back it up and it is more of a social issue than an economic one. All I will say is that I can never remember living in a time where the country seemed more divided. But you beautiful apes have changed my mind on that. +5. **Decrease in "Natural Selection" in the market:** This one fits in certain respects but it doesn't in others. It is true that many businesses went bankrupt over the last year or so. But that was because of the COVID recession, not natural price discovery. And I wrote in [my DD last week](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/) about how the passive investing craze is actually making price discovery almost impossible in the market. +6. **A long, slow buildup with an epic collapse:** This one is definitely not known. It can't be known, not as of yet. But the point is, once we know... it will be too late. There is ample reason to think that we are nearing the end of the buildup or the "gestation" phase and are possibly moving into the more violent stage, as we will see below. + +**A Look Under the Hood** + +There are any number of technical indicators we could look at to try and measure inflation. For the sake of simplicity I will focus on just a few here, but the results are no less drastic. First, let's take a look at M1. M1 is the measure of the amount of liquid money in the economy at a given time. When there is an excess of money, as in the case of inflation, it has to go somewhere, right? + +&#x200B; + +[DOO do do doooo I hear a lot of people talking about inflation so imma just pop the hood up and OH MY GOODNESS WHAT DID THEY DO TO IT?!?!?!?](https://preview.redd.it/7lkbwfsn15671.png?width=2855&format=png&auto=webp&s=381004c9526faf73cf20a89d29597080a9124424) + +Well, there it is. Now, I will admit that the first time I saw this I actually brushed it off as whales liquidating assets from the market, both during the COVID crash last March, and also this year in anticipation of... whatever it is we are about to go through. But I find it far too conspicuous that the spike just so happens to coincide with the Fed turning the money machine on last year. I asked this question last week about the S&P 500 and I ask it again this week: does this look natural to you? Because it certainly doesn't to me. + +A second indicator we can look at is the *velocity* of money, or how fast money is moving through the economy. One way to think of this is the ratio of money to the GDP. Maybe a simpler way to look at it as the demand for money, or the rate at which money is used for transactions. And-- + +&#x200B; + +[Wut doing velocity of M1?](https://preview.redd.it/erpc4nll35671.png?width=2860&format=png&auto=webp&s=b0f2428b26a13992b04233d9e922bf4dbcd06493) + +Whoops! It just fell off a cliff, meaning there is now virtually no demand for money. Ah well, nevertheless. + +Ok, one last chart, I promise. This is the reverse repo facility usage. + +&#x200B; + +[I'M IN A GLASS CASE OF EMOTION!!!!!!](https://preview.redd.it/fpdwpaad55671.png?width=2877&format=png&auto=webp&s=d97d572aab24bcf25fd10e1cbe4bf363035d2b87) + +You have no doubt heard a lot about this over the last week, as we are on quite a streak for new records set each night with reverse repo usage. The reverse repo facility is a "facility" where large institutions can "park" money that they have liquid to keep it inflation proof. Having too much cash on hand is a liability, especially in an inflationary environment after all. And these big banks are "parking" their money overnight at the facility because **they don't have any other investments that they think can beat the Fed's promised 0.05% interest rate offer.** Think about that for a moment. And I should mention too: the 0.05% interest rate was an announced increase as part of the Fed's presser yesterday. The Fed isn't slowing down the money printer -- **they are turning it up.** If that doesn't scare you, I have some lovely oceanfront property in Kansas I'd like to sell you. + +**My main takeaways from this exercise:** + +1. **I want to make it absolutely clear:** ***I am not predicting that we will end up with hyperinflation.*** **But it is absolutely within the range of possibilities, and I don't know how you could conclude otherwise after seeing these figures. I don't want to be an alarmist, but we are on the brink of a very turbulent financial era, whatever it winds up as. Now, Powell did say that next year will be a year with less fiscal support. So that gives me some hope that he knows the money machine can't print forever. I just hope he shuts it off in time.** +2. **Speaking of what this next era will look like, in reading Parsson's book I noticed some interesting things with regard to how Germany handled war funding differently from the other combatants. To different degrees, it seems like everyone - Germany, Britain, France, the U.S. - all had to turn the money printer on. But Germany was the only country that didn't turn it off until it was too late. In America, the decision was made after the war to "take our medicine" economically and deal with a 1-2 year recession. Is it a bad sign that I would be thoroughly relieved if that is only what this is, a 1-2 year recession?** +3. **Some of the images described in the book are truly terrifying: workers bringing a day's pay - billions of marks - in wheelbarrows to the bakery to buy bread; all the marks in existence not being enough to buy a train ticket or a newspaper by November 1923, etc. Call me crazy, but I am optimistic that it will not come to that. But it might require sacrifices on our part, and it will require the people in power to do the right thing.** +4. **For the sake of length, this post focuses mostly on the buildup to inflation rather than the sprawl or the effects of inflation. That, my friends, is the subject for a future post.** + +**~~Hodor.~~** + +**~~Hold the door.~~** + +**~~Hold.~~** + +**HODL, you beautiful apes.** + +**Not financial advice. I literally can't tell my own rear end from a coconut.** + +Past "Growing wrinkles with Michael Burry" posts: + +[Beware of Passive Investing Post-MOASS, June 11 2021](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/) + +[A Look Back at What Michael Burry Knew, June 4 2021](https://www.reddit.com/r/Superstonk/comments/nsmbnk/a_look_back_at_what_michael_burry_knew/) +Hello crypto-lovers and welcome to **$FOX FINANCE** 🦊🦊🦊 + +Check out our [new website and whitepaper](https://foxfinance.io/) !!! AUDIT: [https://foxfinance.io/techrate-fox-audit.pdf](https://foxfinance.io/techrate-fox-audit.pdf) + +**Bottom Line:** + +* **Current Marketcap - $57.5m** - still at least 2x to reach previous ATH +* **Launched March 16** +* **114k holders (outside of CEX exchanges)** + +A quick note about me: My name is Steve (@sion42x on TG and Reddit), and I’m an IT executive, hobbyist crypto dev, and have been involved with crypto since the early days of BTC (2012, you can check my post history). As a Fox HODLer I became an admin after 5 days and have been working with our founder, Vojtech Pour, on the development of the FOX platform and growth of our token. You can meet the full team on our website: https://foxfinance.io/team + +**Let’s talk about FOX 🦊:** + +FOX is a deflationary, self-staking token built on the Binance Smart Chain. Yes, we realize that this is becoming "old news" in the BSC space. Let me explain what makes FOX different and what FOX adds to the BSC infrastructure and ecosystem to support long-term growth, development and sustained positive impact in the world around us. + +Our goal is to create an ecosystem and community of awareness focused on wildlife and nature conservation through our advocacy platform "FOX IN ACTION". + +Since inception, FOX IN ACTION has performed multiple advocacy campaigns, rewarding the community for tasks such as planting trees, picking up litter and reducing plastic waste through reusable straws. We’ve virtually adopted many foxes through the World Wildlife Fund and WildlifeAidUK and provided other financial donations to worldwide wildlife organizations. + +There are many ways you could categorize the FOX Token, but we prefer to think of it as both a Community and Charity Token. We seek to use our token’s economic power to build greater communities of awareness on the Binance Smart Chain, and to make an impact in the world environment through donations, action, and new and emerging blockchain technologies. + +**Marketing: HUGE PUSH INCOMING NOW – A few days ago, we approved a massive marketing budget.** **Only 5% of this has been used and we are already over 100% up in price!** + +We run CONSTANT wallet-drop giveaway opportunities on Social Media. Keep your eyes on telegram, discord and Twitter for ways to participate in wallet-drop $FOX and NFT rewards. + +* See pinned announcements in Telegram or Discord for the full and extensive list of big TikTok and YouTube influencers we have paired with – we have a constant flow incoming over the next few weeks and some **very** special partnerships that we are excited about. + +* Cryptomoonwatch: $FOX is smashing the polls, today is the last day! + +* Our special NFT giveaway 🖼️ is still running for a few more days: Buy any amount of $FOX between now and 15 May 2021 11 pm UTC and submit evidence. 💎 The biggest transaction receives an animated Diamond-Hands FOX NFT. 🏆 2nd-5th largest transactions will receive a Golden-Hands FOX NFT 🥈 6th-10th largest transactions will receive a Silver-Hands FOX NFT **Check pinned messages on our telegram channel for more information on how to enter.** + +**Roadmap! 📈 :** + +**LLC Public Entity Status:** FOX finance is working hard to push our European LLC status over the line. This is imminent, and we hope that it will provide much needed reassurance and demonstrate our long-term commitment to achieving growth and transparency for our investors. This will also help us to further develop our business infrastructure e.g. employment contracts, streamline our income streams and tax declarations (which we will be paying in full according to EU law), and provide reassurance and transparency to our charitable partners. + +**Merchandise Marketplace**: Fox Finance is working with AAA Graphic Designers, Game Artists, and 3D designers to bring amazing, cute, and fun merchandise to the market. This merchandise will primarily take on the form of Non Fungible Tokens (NFTs), digital merchandise minted under Fox’s official ERC721-compliant contract FOXNFT. The Fox Marketplace will be a web3 enabled site hosted on [foxfinance.io](http://foxfinance.io/) , and will accept FOX for art, gaming, 3D printable models, and more. We anticipate having a minimum viable product NFT marketplace alpha available to view and start interacting with from the end of May 2021. We will develop this even further over the coming months. Ultimately, we want support other projects to develop, mint and trade their own NFT’s paid for in FOX. Check out the recent post [we made on Medium about this.](https://foxfinance.medium.com/lets-talk-nfts-b50e1aae272) + +**Foxes In Action**: We firmly believe in change through action. We run continuous Fox In Action events, prompting our community FOX holders to perform acts of activism or awareness for the environment. These tasks include things like cleaning up trash, planting trees, using metal straws to reduce plastic waste, and more. For performing these tasks, eligible entries are rewarded in wallet-drop FOX tokens as a way to give back to our community for positive action towards our mission. I highly recommend checking out **#FOXINACTION** on **Twitter** to see the amazing difference our holders have already made. Ultimately, we are looking to expand this out of the crypto-sphere with mainstream investors, likely via development of IOS/Android Apps where FOX is rewarded for large-scale environmental action campaigns. We started to engage socially conscious mainstream marketing agencies outside of the cryptosphere to widen our appeal on this already. + +**Donation Pipeline**: Ultimately, the true value of FOX will come in the form of financial assistance to charities that are working diligently to save our world, usually with only fiat as a payment option. We are actively working with environmental/wildlife charities to introduce them to the crypto space and to build trusted partnerships - there is limited infrastructure for BNB in place right now. Initially, we may require donations to Fox Finance to be taxed and exchanged to Fiat for donation purposes, but this involves significant value loss and is out of keeping with our ethos and objectives. Our ultimate goal is to funnel funds from our various events and products as well as stake growth on charity holdings in a completely decentralized manner to charity organizations. This will be accomplished through a series of contracts and partnerships, working with organizations that operate in the blockchain and charities themselves to increase crypto adoption. The Trustless Donation Pipeline is an achievable goal thanks to the power of smart contracts, and will ensure that all charity contributions are trackable from earning to donation on the blockchain without human intervention or fear of misuse. + +**FoxDAO**: The hallmark of a decentralized organization is that even its ongoing decisions are decentralized. To that end, Fox Finance seeks to develop FoxDAO, a Decentralized Autonomous Organization. This set of contracts and dApps will allow us to divest completely from the FOX contract, and utilize voting by stake to make decisions regarding the FOX network. These decisions can include any changeable parameters of the FOX Token Contract, and will ensure a strong decentralized practice based on holder commitment to the platform. + +**So here’s the tokenomics:** + +* With every FOX transaction (purchase, sale AND transfer) there is a 12% tax. +* 6% of the transaction is sent to liquidity and locked daily on a rolling basis for a 48 month window. +* 6% is distributed to all token holders based on their total stake in the FOX Token. +* Included in this automatic staking mechanism is the Burn Wallet (also a HODLer) which is an inaccessible, out-of-circulation address. As the burn wallet received more, it grows in stake and therefore receives a larger share of each transaction. For the first 50 days, we have been burning a huge 1T tokens every day, and the burn wallet now has the biggest FOX stake of all, currently 7.7% of all transaction tax is burned, and this is growing EXPONENTIALLY. +* We also have a secondary burn mechanism in effect, with a goal to consistently keep liquidity close to 10% of circulating supply. Any unlocked liquidity above that 10% will also be burned. +* Now that the initial 50 days has come to a close, we are constantly assessing how to reward our investors. We have not ruled out further burns. An update on this will be announced very soon. + +These principles accomplish a number of key goals: + +1. Reduces day-to-day volatility of the FOX Token’s value +2. Provide a mechanism to award FOX holders simply by having FOX in their wallet +3. Creates financial conditions for exponential growth over time +4. Prevents mistreatment of funds through liquidity locking +5. Ensures increased usage of the FOX token, whether by users or by Fox Finance itself, benefits our investors + +**Staking:** + +Fox Finance $FOX has been Added to the Kennel Token’s Boarding Program! + +How it works: Simply board, aka stake, your $FOX tokens in the token kennels boarding platform and watch your $FOX balance grow! There is a 10% Boarding fee and a 10% unboarding fee. 100% of these fees feed the boarding reward pool. 10% of the reward pool is paid out daily proportional to the amount of your stake! Rewards are added to your staked balance and auto compound! + +Requirements: Simply hold 500 $KENNEL Tokens. As the price of $kennel increases we will decrease the required amount. + +If you have any question in regards to the process please join us on Telegram [u/tokenkennel](https://www.reddit.com/u/tokenkennel/) + +**On the Subject of Rugs 💰:** + +Liquidity is locked: [DeepLock deposits](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +There have been multiple opportunities for Vojtech (Fox Founder) to pull out funds, but he has steadfastly maintained and proven that Fox is not that kind of project. We want to provide full transparency into our accounts which you can check out on BSCScan using these addresses: + + +* FOX Token Contract 0xFAd8E46123D7b4e77496491769C167FF894d2ACB +* FOXNFT Contract 0x55c5ac62262aa1810598e1953578ece74c2857ef +* Marketing Wallet 0x84a7672ba74a5a2712a070ea7cfd0c3c4ffda73b +* Dev Wallet 0xc12faf701d05af1cfabdefc770c3b3c7b59eae10 +* Burn Address 0x0000000000000000000000000000000000000001 +* Liquidity Pool 0x3027ad7781700a03496613377152dba78c38fa55 + +**Token Info! 💵:** + +**NEW Website**: [https://foxfinance.io](https://foxfinance.io/) + +**Techrate Audit**: [https://foxfinance.io/techrate-fox-audit.pdf](https://foxfinance.io/techrate-fox-audit.pdf) + +**Contract address**: 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +**Telegram**: [https://t.me/foxfinancebsc](https://t.me/foxfinancebsc) (>6000 members!) + +**Twitter**: [https://twitter.com/foxfinancebsc](https://twitter.com/foxfinancebsc) #FOXINACTION + +**Discord**: [https://discord.gg/9XZNnTnhqp](https://discord.gg/9XZNnTnhqp) + +**bscscan**: [https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances](https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances) + +**How to Buy**: Pancake - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) (slippage 12-15%) + +**1Inch** - [https://app.1inch.io/#/56/swap/BNB/FOX](https://app.1inch.io/#/56/swap/BNB/FOX) + +**BITMART**: [BITMART FAQ HERE](https://docs.google.com/document/d/1-8hSGsgZJYun2cqQ0NEoSnBJyiazZu1iFsOsJ7jKflA/edit?usp=sharing) , AND [https://www.bitmart.com/trade/en?layout=basic&symbol=FOX_USDT](https://www.bitmart.com/trade/en?layout=basic&symbol=FOX_USDT) + +**HOTBIT:** (temporarily out of action) + +**Chart**: [https://charts.bogged.finance/?token=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://charts.bogged.finance/?token=0xfad8e46123d7b4e77496491769c167ff894d2acb) + +**Quick Note:** + +Also, as always, Do Your Own Research. This post is not financial advice, but us wanting to share our token progress and movement with you. Obviously as an admin I’m biased, but I’m also a holder just like many others in our community. It’s an amazing group, with an amazing team, and I think we have an even more amazing future. Fox is a fairly new project on the scene and as such, it does have high volatility so please remember that the price can go up and go down and only invest what you can afford to lose. + +Stay foxy! +I mean if people who are extremely smart, go to ivy league schools, and dedicate their life to finance can’t beat the market. Why do any of us think we can or even attempt to do so? + +I know this will come off condescending but it is a serious question + +TL/DR upfront: + +Upcoming EV competition is *the* driving DD behind the Tesla bear narrative: that EV competition will show up à market competition will drive EV prices (and therefore $TSLA margins) down to industry-norms. I think this reasoning is flawed. Ford’s unprofitability with the MachE provides a window into what the competition is facing, and why Tesla is *very likely* to retain supply capped demand and see robust gross margin growth--insulated from the effects of market competition—for several years (until \~ 2026-2028). + +\---- + +Argument: + +**Fords issues with EV profitabili**ty (link: [Ford CFO says inflation has erased Mustang Mach-E profits, but isn't hurting demand (cnbc.com)](https://www.cnbc.com/2022/06/15/ford-cfo-says-inflation-has-erased-mustang-mach-e-profits-but-isnt-hurting-demand.html) ) i**s a** **PROXY** **for legacy auto’s outlook writ large.** + +Ford’s ‘Tesla Killer’ is their Mach E, which is a BEV (full battery) crossover SUV. However, recently Ford announced that they get zero profit from sales of their Mach E. Price information is below. + +* The ‘Standard Range’ RWD (68kwh battery, 230 miles EPA range, the lowest $ base model) is $42,895 before dealer markups and delivery fees +* The ‘Extended Range’ (88kwh, 300 miles EPA, the lowest $ long range model) is $52,000 before dealer/delivery + +Fords lack of Mach-E profitability is VERY interesting because the car is highly priced while also benefiting from several cost-lowering factors: + +* $7,500 U.S. federal EV subsidy (Ford has yet to hit the 200,000 vehicle cap for the $7500, at which point it gradually decreases). Tesla buyers do not qualify for any EV tax credits right now. +* Made in Mexico with cheaper, non-unionized labor +* Usage of large pouch-style batteries, which are cheaper but lower-quality +* A more battery-efficient Car form-factor (as compared to a truck), meaning less batteries for a desired range and, therefore, lower cost of production. + +If Ford is unprofitable with a high-priced EV benefiting from $7,500, made in Mexico with lower priced components, how are they going to be profitable with the F150 Lightning? The F150 lightning will, + +* Be made by Union labor at U.S. labor prices +* Have a less-efficient form factor (truck aerodynamics are very bad) +* Have higher User battery needs (towing range). + * F150 lightning loses 50% of its range when towing a 23-foot airstream trailer. Add to this cold-weather battery reductions, heating needs, going up inclines…the trucks 230 mile range’s real drivable radius when towing can get extremely limited very quickly. +* See a gradually reduced subsidy amount ($7,500 --> $3750 --> $1875) + +It is very possible that the F150 Lightning begins to see razor-thin profit margins (or none at all) over the near future. + +Additionally, Ford has additional issues it has to tackle: + +* Growing percentages of EV sales will reduce dealership income (most of which is derived from maintenance and repair), leading to more pervasive markups +* A need to develop a ‘supercharging’ network. + * Look more deeply into their published numbers—if you nix Tesla’s superchargers (which they can access rn), as Tesla will jack up prices for non-Tesla’s over time (especially when the supercharger network begins to get overburdened), and eliminate low-power chargers, look closely in your area at the ACTUAL NUMBER of high power charging stations individually. There may be chargepoint nodes in your area, but at least in Atlanta, the total stalls are very low. +* Battery supply shortages --> higher prices for batteries + * This is why Fords CEO has been talking about the need for federal support with battery raw material production + +**SO WHAT?** + +1. Ford has to raise prices—they have no other choice. + 1. None of the sub-bullets above (dealership cut, need for expanded charger network, declining subsidy $, higher priced U.S. labor, higher priced batteries with less-efficient form factors) is easily solvable. While Ford talks about separating EVs from its dealership network, that legal fight will take YEARS. +2. This same situation will manifest in other legacy automakers +3. Legacy auto debt levels (looking at Ford and VW, in particular) mean they can’t afford to produce less cars or see zero profit. +4. Therefore, legacy auto has significant pressure to maintain high prices +5. Tesla is, therefore, insulated from the price reduction and gross margin contracting effects of market competition. + +Add to this several Tesla-phenomena + +1. Tesla’s cost of production will continue to decline, meaning that gross margins will continue to expand + 1. Technology reasons: dime-casting, structural battery, and 4680 (if it continues to scale) batteries + 2. Economies of scale reasons: Tesla is centralizing serious production capacity in its main four factories. 50% CAGR can be achieved for several years with the current factory footprint alone. Austin is projected to eventually produce 2 million units alone, per year. I would doubt these projections if it wasn’t for Tesla’s record setting CAGR—which has surprised the entire industry over the past three years. +2. Therefore, because Tesla has more ‘buffer’ to decrease prices—in an environment that is continuing to improve and in the context that legacy auto faces), Tesla has the ability to win any price war for several years into the future + +Conclusion + +Tesla will be able to maintain supply capped demand for its cars and will have minimal pressure on gross margins from market competition for several years into the future. While some legacy auto (VW) MIGHT produce EVs in large numbers, this will not negatively impact Tesla gross margins. + +Would **love** for folks to put forward a strong counter argument. I have several $TSLA 2024 leaps and, if I am wrong in my assumptions here, would muuuuuch rather know that my thinking is faulty than continue to sit on this volatile position. + +edit @ 622pm est. A few of you have pointed out that I am assuming tesla costs of production go down, but don't say the same for legacy. What I am trying to say here is that legacy production cost decreases HAVE to go down just to maintain current profitability levels as they lose the $7500 subsidy, begin making cars with UNIONized American labor, with (for the F150 L) less efficient form factors. No, I don't have the numbers for this because I'm not omnipotent--but consider: these are serious headwinds. 7500 is a HUGE subsidy on a 43,000 dollar car. Union labor is way, way more expensive than Mexican labor. 7500 alone is a huge moat to cross when you're not profitable with that 7500 subsidy. +With demand for semiconductors continuing to outstrip supply, TSMC again plans increase prices on mainstream chips, marking what would the single steepest increase in their pricing to date. + +This is likely to improve TSMC's margins, and clients like AAPL and AMD will have to live with smaller margins or pass the price increase onto consumers. + +https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-hikes-chip-prices-up-to-20-amid-supply-shortage +Hello Superstonk! + +Welcome to another weekend's forward looking Technical Analysis with your favorite pickle dude u/gherkinit + +We are gonna go over some of the Technical Indicators I will be paying attention to this week and discussing some of the other factors that may effect GME this week. + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have reading comprehension issues. This should be uploaded by 9pm EDT. + +# Part I: Technical Analysis + +**Cup & Handle and Supporting Indicators** + +As you know if you've been following along, I have been tracking a cup & handle formation on the 1D timescale. I will state that on it's own a cup & handle can be pretty unreliable but since then I have found a few other indications that this one is at least somewhat accurate. + +1. The indicator is formed over 3 months +2. The peaks of the "cup" are by volume traded at the exact same resistance level +3. The cup & handle formation is supported by an ascending triangle +4. That ascending triangle is reinforced by an uptrend + +These combined indicators leave us with something like this + +[Technical Analysis Clusterfuck on the 1D timescale](https://preview.redd.it/qfjxxsvybv771.png?width=2462&format=png&auto=webp&s=bcbe81843e02414c44bb8e41dfc64bdd037f4372) + +Generally when doing technical analysis I prefer to look for support indicators that back up my main thesis. That is what I have done here. + +If we zoom in on our current price action we have stayed well within the trend on the cup & handle and expect we will continue to do so. + +\**the Russel 1000 move could have some effect on this formation I will update any corrections that need to be made in the Daily Live Charting* + +[Zoom on the Handle on the 1D timescale](https://preview.redd.it/jqmmg68scv771.png?width=1661&format=png&auto=webp&s=eae583c8a332e80c7d9ab317a37d4cc5de6b7265) + +**EDIT 2:** + +I can't believe I almost forgot this as we know the price range for GMEs cup & handle breakout is 525-1050 well I wanted to show everyone something on a popcorn stock that saw a similar movement recently + +[AMC on the 1D](https://preview.redd.it/s66ub4y28w771.png?width=1610&format=png&auto=webp&s=5f737d151391e970167f0836211b3326e4b42700) + +AMC recently had a breakout of almost the exact same pattern realizing gains of 498%. + +Similar growth on GME would put it at $1035.84 per share within a couple of percentage points of our cup & handle estimate. + +**Other Indicators** + +**ADX** + +(Average Directional Index) This is and excellent indicator of trend strength and is approaching an uptrend on the 1D as well for more [information on ADX](https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp). A movement above 33 would indicate a breakout as well. + +[ADX on the 1D ](https://preview.redd.it/00ctz2qphv771.png?width=1623&format=png&auto=webp&s=53569e2b5d7ecfe0542f2ee98767cc32a9235096) + +MA50 + +It also looks like we are set for a nice bounce on our 50-day moving average. + +[50-D MA on the 1D timescale](https://preview.redd.it/xn8mnktojv771.png?width=1294&format=png&auto=webp&s=05707707efc34c5679ee3416ae0016d54baf9a36) + +TLDR; Looks like things are pointing up again as we have probably experienced enough consolidation over the last week to start to see the beginning of some price improvement. + +# Part II: Russel 1000 + +This could definitely upset a lot of things I think overall the net effect will be positive as it appears at least some buying happened near close on Friday well into after-market, 6.07M shares of GME were traded I expect more in pre-market tomorrow. This is gonna be pretty crazy I expect that the rebalancing is not yet complete and it should lead to a interesting Monday as this all shakes out. + +I am currently speculating, that GME is in fact moving into multiple indices but I am waiting to confirm. Possibly the Russel 1000 Growth Index and The Midcap Index in addition to the S&P 600. I will be re-evaluating this effect everyday in the Daily DD. + +# Part III: Overall Market Conditions + +I am still paying very close attention to the SPY this week as it approaches it's resistance of it's previous long term trend a rejection of this support/resistance could begin the initial steps of a correction. + +[SPY on the 1D ](https://preview.redd.it/opldm840mv771.png?width=1618&format=png&auto=webp&s=7bb68a661680e6ca3b8711130c0610e0d11fb9dd) + +Current Shiller P/E Ratio + +[Historic Shiller P\/E Ratio ](https://preview.redd.it/cfoh25c8mv771.png?width=978&format=png&auto=webp&s=72ad79988a5524eae7116cdc272dd49aa440880f) + +If you want more information on my current view of the market situation [check out my DD](https://www.reddit.com/r/Superstonk/comments/o4l0cb/jerkin_it_with_gherkinit_forward_looking_ta_for/) from last week. + +\**This information's sole purpose is to inform people of the effect of the market in relation to GME and in no way advice to "play" the SPY. Many a dollar has been lost trying to predict a market crash, don't let it be your dollars.* + +# Part IV: Conclusion + +Technical indicators for this week are looking pretty positive moving into this week. I expect sometime in the next few days to begin a slight uptrend that will carry us into the upper part of the handle. The Russel 1000 move could continue to create volatility in the stock this week as funds that track the index jump on board so we may experience some deviation from the technical trends shown. However, ultimately they should hold true. + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under pinned posts on my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on our community [Discord](https://discord.gg/BGmjnrvHnw) + +As always thank you for the support + +🦍❤️ + +\- Gherkinit + +**Edit 1:** + +Microcap to Mid-Cap transition confirmed + +**Edit 3:** + +[GameStop 100&#37; added to Russel Growth Index](https://preview.redd.it/nrbt8s829w771.png?width=659&format=png&auto=webp&s=e0e1d8e2c81b2c25a4899285fc3a5b1979e5bd47) + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Posting this here, as a cautionary tale for other investors. +I started investing in 2020. Prior to that, never had a dime in the stock market. This is my story. + +Got into investing by dumb luck. Had $30,000 to start. +Bought TSLA after watching a YouTube video on the expected growth of the EV car market and doing some super basic research on Elon Musk. Within 6 months I had $65,000. +Fast forward to the GME frenzy. Dumped the entire $65,000 into GME and got out with $550,000. + +Now this is where it goes south. Jumped back all in, mostly into fucking TSLA at the fucking top pre split and GME again, thinking TSLA was about to run to $2,000 and GME to like $300. + +Also did some speculative plays with RDBX, CEI and BGFV. These three were all like $5,000 each. All fucking disasters. +Now sitting on an unrealized loss of $187,000+. Thankfully 95% of my unrealized losses are with TSLA and GME. + +Started BUYING options as a way to reduce my unrealized losses. + + +This is the most important lesson I have learnt after losing another $20,000 in options. + +1. Never buy options +2. Never buy options +3. Never buy options + + +Just sell. The only way to win consistently against the market is thetagang. + +I got lucky fast and became careless. + +Quitting the market for the next 12 months and have CCs set on TSLA and GME expiring in January. If TSLA hits $450 and GME hits $46, I get out even and switching permanently to CSPs on SPY only. +I’ve accepted I will never be mega rich, but I can live reasonably well in my salary and use thetagang for passive income. + +Happy to take questions, advice and abuse. + +Welcome to my TED Talk. + +Account summary below. Edited original photo to remove my account number. My bad. + +https://imgur.com/a/OFfLUgU +I’m very bad at saving money, I’ve recently fell into a great paying job and I’m looking to tuck away some extra cash for a rainy day and get out of my overdraft. What tips for saving money do you find works best for you? +I think we should tell everyone this loudly and often as possible. It is disturbing that the majority of people treats their theories with the same respect as real evidence based research, when in reality it should be put on the level somewhere between Freudian dream analysis and intelligent design. They shouldn't even consider this stuff social science. + +*grammar edit +&#x200B; + +AGood Morning Everyone! + +We've got a fairly interesting day ahead of us today. + +Bull: + +* With a 7.75% increase on GME yesterday we should have a decent amount of hedging due today (yelyah is away for a few more days and without her model I'm not sure how much exactly) I estimate around 1-3 million shares based on previous runs. If delta sensitivity is high it could be more. +* GME has ETF FTDs due from December 30th (I'll get an updated FTD chart up sometime this week) +* There may still be some hedging due from last weeks close above max-pain +* Pre-hedging of next weeks OPEX could begin today or tomorrow. The point of the is is by hedging the exposure in advance they can reduce the volatility of the run. Like they did in November. + +[August vs. November hedging strategies](https://preview.redd.it/gi6kitlp87i81.png?width=1677&format=png&auto=webp&s=38acf9a0794e867489b0a09969d2419ec26bae6d) + +Bear: + +* SLD Begins Today and could have a detrimental effect on the market as deposits are made through Friday. +* FED FOMC minutes released at 2pm today +* Still possible threat of conflict in Ukraine. Whether blown out of proportion by the media, or not, the market will react to any conflict. + +If we continue up and the market remains stable the hedging due to yesterday's price movement may be enough to push us through the options "dead zones" between 125-130 and 130-135. + +https://preview.redd.it/du5aqfo3a7i81.png?width=1547&format=png&auto=webp&s=d2996a9283d75ee537f161a7a69c9914d7edad1c + +ADX trend is starting show some strength after yesterdays price movement but the convergence of the DMI +/- indicates some consolidation is due. This is used to indicate direction and strength of a trend. + +[ADX \(orange\) DI+ \(green\) DI - \(purple\) ](https://preview.redd.it/2oligrnoa7i81.png?width=1567&format=png&auto=webp&s=d4e5043bdcb7459a5fc95f8e2c94fc6f7eae7f82) + +**DIX Pics** + +[DIX converging a bit with price action even though dark pool volume has been 50+&#37; for the last few days, cracks are appearing in the shorting strategy](https://preview.redd.it/ujuh9cx7b7i81.png?width=2477&format=png&auto=webp&s=af9ea5e6538e3892f862677cd03688fea479dd04) + +[Nice Drop in volatility yesterday means options are a bit cheaper today, also hints at some consolidation.](https://preview.redd.it/hdebv2xeb7i81.png?width=2513&format=png&auto=webp&s=64d5a4cf6502da37d394986db53ef4d7ad7839a6) + +[Gamma Exposure is up a bit from yesterday](https://preview.redd.it/w8e6dkrkb7i81.png?width=2501&format=png&auto=webp&s=fb149767da02251b45ab40c1c47c5a010f4f0410) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Still held the upside into close today but the improvement was fairly minimal. With the indecisiveness of the FED intentions out of the way we should be able to determine if we are getting some pre-hedging into the OPEX run for next week. They did this in November and weakened the volatility of the usual run up. With almost $40 of price improvement from our low a few weeks ago, I am remaining cautiously optimistic. Thank you for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/2kzei1p5g9i81.png?width=699&format=png&auto=webp&s=3a318043211c1a9f44a44ba9107bbe80f1c8939d + +Edit 4 2:22 + +Looks like bear positions getting closed market moving up. Dovish FED best FED. + +https://preview.redd.it/m4gvi092x8i81.png?width=1562&format=png&auto=webp&s=a54d81f65984b0a3245171788d4f3c729f8f530b + +https://preview.redd.it/dli2qg08x8i81.png?width=1278&format=png&auto=webp&s=7747b81a23ab351c1feb88efc2fd9466e3e52c33 + +Edit 3 2:07 + +https://preview.redd.it/n5r3ywbcu8i81.png?width=726&format=png&auto=webp&s=c4c68761da98ac065abe223461a46370ebe30f7f + +Edit 2 12:28 + +Found a floor in our mid-afternoon downturn looks decent for a recovery back above VWAP, The market is still flat waiting on the FED. + +https://preview.redd.it/7s9xfksuc8i81.png?width=1563&format=png&auto=webp&s=d42133ef267e67102770f6b258134c14038b3fec + +Edit 1 10:41 + +Almost perfectly inverse the price action on the SPY today but overall market volume is low in anticipation of the FED announcement. + +https://preview.redd.it/cd7zghxst7i81.png?width=1566&format=png&auto=webp&s=9f8e5b63fb4efc4997c4b4e26b27ce3c7e0f7de0 + +# Pre-market Analysis + +Early test of 128 when CNS kicked on this morning, but we seem to have stability around 124.50 right below those 125 calls that are itching to get in the money. It will be difficult and require higher than normal volume, for us to move into the 130-135 range unless OI picks up ATM. + +Volume: 8.65k + +Max Pain: 122 + +Shares to Borrow: + +IBKR - 90,000 @ 2.6% (rate moved back up yesterday) + +Fidelity - 45,574 @ 1.5% + +[GME pre-market on the 1m](https://preview.redd.it/zgxh02zjc7i81.png?width=1569&format=png&auto=webp&s=37a779acd2ee8564f85939cc4d8c034f13b3b8ee) + +Current technical trend + +[GME ascending channel on the 1hr. resistance at 126.78 and 138.38 with support down at 116](https://preview.redd.it/yjorvj0uc7i81.png?width=1562&format=png&auto=webp&s=f25bf16486da6292d95ba43a7392079c734780e0) + +TTM Squeeze + +[That one fire signal starting to gain some momentum](https://preview.redd.it/sqe3gtz2d7i81.png?width=2459&format=png&auto=webp&s=3bcc7624fd052c64c2242d4c01b65bfb9dfaeaa5) + +CV\_VWAP + +[fairly stable ](https://preview.redd.it/rv9k5gm8d7i81.png?width=2451&format=png&auto=webp&s=d5253e79ca1372ee99cfd05ce3c0240326e50154) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Have you decided your financial resolutions for this year? + +Saving more, spending less, increasing earnings, or simply getting your finances together. + +Would you like to share, so it may help others? +I've read a lot about Roth conversions but I'm trying to get some advice specific to my situation. So, I'm 43 years old, married w/1 kid, and we are in the 24% tax bracket. I've got $700k in my company's 401K. About $450k of that is Roth, and the other $250k is in Traditional, mainly because that was the only option I had from 1999-2005. Starting in 2006, all contributions I made were to Roth. + +Anyway, about that $250k, traditional portion of the 401K. Should I consider converting that, maybe not the whole thing, but maybe in portions over the next 5-6 years or so? That way I would convert about $40k per year and stay within the 24% tax bracket, yet still be able to handle the $9k tax payment each year. + +Other major factors to consider are that we have $300k on our mortgage, at 4%, which is our only debt obligation. Well, that and the fact we are trying to save $5k/year for college tuition through our kid's 529 plan. + +I know $12k per year is a lot to pay for financial engineering, especially when it could go towards a college fund. But, I defer to the knowledge of Reddit. Thanks all. +I’m currently searching for a way to not be able to touch my paycheck at all from Friday to Friday. Or longer. It can’t be anything that can be easily transferred. I have used a Ksafe in the past and eventually broke into them for various reasons. I’ve been looking into a metal option but those are way beyond my budget right now and I’m wondering there might be a better system. Does anyone have any suggestions? +I wanted to draw money from my checking account but couldn't due to "insufficient funds". I checked my bank statement and it shows a deposit of $13480 which absolutely isn't my money. It was deposited on the same day as my last paycheck which is (unfortunately) much lower. I called the bank and they said the large deposit was flagged as fraudulent so they blocked my account while they are "investigating". I didn't make that deposit though, and I have no idea who could have, people around me don't deal with that kind of money. I asked that they at least release my paycheck but they said they can't. I think it's on them, they made a mistake when they deposited the money on my account instead of the intended account. I'm freaking out because I have bills and no way to pay, my only income is my paycheck. The bank told me there's nothing they can do and it might takes days to investigate the deposit. Anyway even if it clears there's still be the problem of money not being mine on my account. Is there a way I can get the bank to release my paycheck immediately? After all they made a mistake, not me. Thanks for your help. +Serious question because most mom and pop investors make well under 10% and most under 8% percent annualized all things considered over a 30 year time frame. + +I'm simply amazed how many investors don't actually realize they'd be better off dumping their entire down payment into an index fund or a REIT focused on residential real estate and letting it sit. + +Most investors (when accounting for debt paydown , appreciation, cash flow, tax benefits yadda yadda ) make run rate returns well under the returns of the sp500. As we all know real estate is far from passive if you are doing right by your tenants and your properties. + +Some people actually seem to believe a property rising in value from 200k (with 30% down) to 800k fully paid off by tenants over 30 years with a break even monthly real cash flow that grows at the rate of inflation is a good deal. Yes it is investing and ALL investing can help you build wealth. But the simple truth is taking that 60k and putting it in something gets market returns would have given you more money and been truly passive. + +Yet people think for whatever reason you can get rich from real estate EASIER than other forms of investing without actually putting in work to improve property or doing the research to buy in the path of gentrification and then cashing out at peak. It is one of the biggest myths of real estate since most people don't put in work and most people don't accurately predict the next hot area. + +In short if you are looking to buy an investment property because you heard from a friend real estate will make you rich, you will get just as rich by dumping your down payment into the stock market and letting it sit (for most people this is true). If you are going to to do work on the property that gives you a 25% or 50% return that's a completely different story. But as we all know most mom and pops don't actually want to do work on property they are just in it for the loan pay down and appreciation which as history shows isn't where the money is for most real estate. + +Just curious on thoughts of others. Do you think it is simply ignorance on the part of mom and pops who don't have a finance background? Do people in America just not understand investing in general? Are people just brainwashed when looking at their portfolio? Ask any investor what his returns are and most will say 20% lol because they are in year 1 and haven't had to actually spend any real money on repairs yet that might even equal the cost of down payment for some lower end properties. Most people think they are cash flowing $200 and they don't even save monthly for reserves. It's madness! + +Edit: I'm not talking about people who buy 30% below market and have immediate built in equity, or people who do house hacks, or people who put 5% down and have extreme leverage. I'm talking about people who put down 25-30% on a property the bank knows is an investment and hold for full duration of loan. I'm talking MOST average vanilla transactions. Yes you can beat these typical returns by buying under market, leveraging 95% , hitting 5% - 10% annual appreciation because you have a crystal ball and selling in 10 years instead of 30. But that is good investing lol and NOT average investing which is what I am discussing here. 😄 + +Edit #2: Of course we are talking about BUILDING wealth here not simply preserving wealth. Low returns (if low risk) are acceptable if preserving wealth. Real estate is a great vehicle for wealth preservation but this discussion is more along the lines of investors looking to MULTIPLY wealth end up buying too many properties not suited for that task and then mismanage them. +I recently inherited 2 huge vacant multi unit properties. Both need work (one more than the other) I would like to rehab and rent but I do not have the capital on my own to rehab so I was wondering if a home equity line of credit would be a good option for me as both properties are paid off with no mortgage. The values on the properties are anywhere between $700-800k. I would like to some how leverage these properties into purchasing more properties is this possible to do ?. I have never invested before and don’t want to get taken advantage of and lose what my father worked hard to get. Any advice would be appreciated. Thanks . +Latest EDIT (moved this to top as it makes the most important point of this post): + +Consider this math: + + - If you only allocate your infinity pool shares to CS, let’s say 10-20% shares (according to early consensus… recent posts mostly claim 50%+ but I prefer to be conservative) + + - and not everyone can DRS (because of Roth, or living in some unsupported country, or being lazy, or whatever reason) so let’s say like 75% of people here will DRS (ambitious assumption imo) + + - that means the shares we DRS equate to ~7.5-15% of our total holdings. + + - **this means we’d have to own the float AT LEAST ~7 TO 13 TIMES to register the full float**, which is very possible but highly optimistic. + +**So no, we should not use CS for “only” infinity pool shares, we should register more than our infinity pools - and we should be ok with it because those shares can later be easily accessed - unlike a lot of the FUD claims. Ignore the shills attacking the post and me personally and re-do the math with your own assumptions.** Example: If you assume only 50% of people will DRS 10% (total registered = 5%) then we’d need to own 20x the float. **Essentially we need to just register as much as we can, not just infinity pool shares!** + +————————— ORIGINAL POST ————————— + +By all means, feel free to expand your own infinity pool as much as you want BUT **Computershare is NOT an “*Infinity pool only* parking lot for shares”** + +There seems to be a FUD campaign going on for some time now, claiming that *“shares transferred to computershare are hard to access”* and **that’s not the case - Computershare also acts as a broker^1 and you can easily and rapidly make orders with them (market and limit)**. + +**Btw title doesn’t mean to call anyone out! Just asking people to be more mindful of the subliminal messaging they may be unintentionally spreading.** + +^(note 1): This is obviously not their primary business model, they offer it as an added benefit for working with them. Not all transfer agents have the option to act as brokers, that’s where some confusion lies. Computershare allows you to place orders with them, whereas some **other transfer agents** would require you to first unregister your shares, then require to re-transfer your shares back to your broker and only then they’d be sellable. More information on conventional DRS and other forms of ownership can be seen here, directly from an SEC FAQ: https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html + +This is all new territory for everyone, and as a means to hedge risk (because noone knows how exactly the MOASS will unfold) feel free to spread your shares across CS and brokers. ^(Had to edit this paragraph as shills were using it to FUD the whole post) + +TLDR: parking your shares at Computershare is actually pretty similar to parking in a broker as far as rapid access goes! It is NOT an “infinity pool only” parking lot. + +Final note: making this post bc I’ve seen a lot of posts claiming “added x shares to the infinity pool”, then showing a screenshot of Computershare. I’ve commented on them but I reckon a post might have higher reach. That’s all have a great day 😊 + +————————— + +EDIT1: ty u/yesbabyyy for bringing this to light: an ape has tested both market and limit orders and both filled rapidly, read about it here: https://www.reddit.com/r/Superstonk/comments/potfb6/computershare_selling_updatei_sold_shares_of/ + +————————— + +EDIT2: given all the shilling in the comments I’m clearly onto something 🤣 fuck off shills, get a real job, in fact just buy shares and stop working for your shill overlords. + +**FIRST: The whole point of this post is to halt the narrative that shares in CS become unaccessible! That has been debunked** + +SECOND: I started the post with “By all means, feel free to expand your own infinity pool as much as you want”, so I’m not FUDing anything (fucking shills always projecting) - I’m not telling people to sell anything, idk how shills even derived that from this post + +THIRD: I’m waiting to test CS myself but have been researching for over a month and I’ve even contacted them. Furthermore there are PLENTY of posts (like that one ^ in EDIT1) showing that CS can execute orders in a manner of minutes + +FOURTH: no one knows what the MOASS will look like, how brokers will handle it, and all I’m saying is CS will have access to lit exchanges as much as brokers do, so any shares parked in CS are as good as parked in any broker + +Now I’m outta here, this is draining - and I got ”actual work” to do. You shills really do your job well, so fuck you for it. You drain people who have the best intentions and the “work” you’re doing is not only useless to society, it’s actually counterproductive to its advancement. Years from now this story will be told, and you will have been on the wrong side of it, probably portrayed as the pesky little useless people who kept defending the financial oppressors. Hope you have a conscience, and you’ll have to live with it. It’s never late to come to the good side. +I'm only 23, but thanks to subs like this I've been able to get $50k+ invested into the market over the last 4ish years. It's nice to know that I have this, but I feel like a new pair of shoes for once would feel kind of nice too. I'm half tempted to just sell like $2k worth of VTI and level myself up you know? Get some nice clothes, a pair of shoes, new tools for work, maybe a climbing gym membership. Do I need to create a new 5% investment allocation that I can use to just invest in myself? +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1521485346940362754) .@The_DTCC Now that retail knows we can use the Freedom of Information Act to secure all FTD data for stonks like $GME #GME, will the #DTCC be streamlining FOIA requests? Retails knows the information is readily available and accessible on DTCC computers. + #DRSGME + #FOIAtheDTCC +I would rather trade ETFs on the advice of r/investing than see that cancer stricken Jeff Bezos looking tadpole one more time. +I can’t get a post through without adding more text so here is all my text. +Positions: $LIFE 2020p 4/20 +TLDR get rid of Caillou +First things first. + +Not trying to start a flame war here, or spread FUD at all. I'm just trying to summarize / make sure I am aware of the big going-ons in the crypto (specifically ETH / BTC sector.) world. + +1. We had Starbucks coming out saying that they were planning on choosing one or a couple of cryptocurrencies -- but specifically mentioned not supporting bitcoin. + +2. Despite fluxuations in the overall market cap of the crypto market, we have Ethereum weathering it incredibly well, and gradually climing percentage charts for the flippening. (61% as of the writing of this post.) + +3. We have Binance (I believe it was.) adding all their pairings with ETH / XXX, making a first attempt at decoupling BTC from their pairs. + +4. I just got a note from Jason Calacanis noting to his subscribers: + +"3. Bitcoin itself could go to zero +The Bitcoin HODL crowd (a play on words for “hold,” as in hold your coins, never sell them), think this is insane, but we’ve watched many times as the early projects in a promising vertical go to zero and the 10th goes to the moon. + +Many of us used Ask Jeeves, Lycos, and LookSmart before seeing Google show up in 1998. +https://en.wikipedia.org/wiki/Timeline_of_web_search_engines + +Many of us used SixDegrees, Friendster, LiveJournel, and MySpace before Facebook in 2004. + +Bitcoin is facing massive challenges around speed of transactions, the size of the blockchain, transaction costs and governance. + +Governance could be the thing that takes it down. If you want to jump down that rabbit hole, you can watch this video: https://www.oii.ox.ac.uk/blog/the-blockchain-paradox-why-distributed-ledger-technologies-may-do-little-to-transform-the-economy/ + +The majority case in my mind, is that Bitcoin will, as the first technology out of the gate, be supplanted by a much better technology. This could be a fork of Bitcoin or simply a new, much better product. + +As time moves on, consumers get savvier, and that means they recognize a better product quicker and move to it faster and faster. We’ve seen this with people jumping from Hotmail to GMAIL, BlackBerries to iPhones, and dialup to broadband internet. + +Consumers will not have the loyalty to Bitcoin that they have to their email account and BlackBerries, because they don’t actually use Bitcoin for anything other than speculation. The switching cost will be zero, as opposed to switching your phone, which requires backing up your data, moving your phone number, and setting up your new iPhone and selling your BlackBerry. + +We could see a run on Bitcoin that happens in days or hours, not years like the decline of RIM (BlackBerry’s parent company) and AOL." + +Note -- he doesn't mention Ethereum at all in his mega-critical article of the crypto sector in general. I don't know if this is bullish, but I know at the very least it isn't bearish. + +Is it just me? Or has there been a steady drip of negative news for BTC? I've heard nothing but positive tests for Casper. + +Thanks in advance for not flaming me. + +Edit: a word. Binance added ethxxx pairs, they didn't replace anything. +I want to touch on something and I'd like to hear how you guys feel about it. +I think a major reason for the work-based culture is people having a need to do something meaningful in their life and to feel fulfilled. The catch is - I also feel like people are on some sense 'tricked' into thinking they have to dedicate their life to a meaningful career, which leaves a lot of people feeling lost or as if something is wrong with them in case they can't achieve it or don't even want to. + +This kind of resonates to me with the idea of FIRE. It seems very appealing and its definitely something I am gravitating towards since discovering this idea. I don't want to always be busy, and I like having a lot of free time even just to be lazy. + +Despite that, sometimes there is a creeping feeling of "am I just taking the easy way out" or "will I regret not pursuing a long and meaningful career". + +I think this comes from me battling with identifying which parts of my goals are really mine and which I adopted due to expectations. I realized what a lot of people consider normal life is not stuff I actually want, and I'm trying to find what I genuinely want to do in life. + +For context ill point out that I'm in a super early stage in my career, started 2 years ago in FAANG and about to finish my degree this year. Thinking of semi-FIRE after a couple of years and see if I can switch to a more chill part time or freelance work (altho this seems very hard to pull off). +https://www.cnbc.com/2019/04/05/boeing-is-considering-slowing-down-737-max-production-report.html + +Boeing and its suppliers are looking into slowing production of the 737 Max, sources tell Reuters. + +Ethiopian airlines is also reportedly reconsidering its order for 25 737 Max jets in the wake of the accidents. + +Boeing stock is down 1.17 percent Friday. + +Surely she can have Venmo cancel it, right? + +ETA: I only rarely use venmo (or paypal, or anything else). Is there any reason I shouldn't be sending it back, if it really can't be canceled?? +Assuming GME is done. Any thoughts? + +https://preview.redd.it/j155r6slkhc81.png?width=719&format=png&auto=webp&s=e5e61129f1657aa19930529a4a6d18bf5d1932ce +27 years old, earn $120k, roughly $90k after tax a year, $50k in savings (lower than usual, as I went travelling overseas for 5 months last year) , $25k in shares, above average super. +Never had a loan previously. +I currently live in a country area and have wanted a decent 4WD for a long time now as my current car is on its last legs. +Have found the perfect car I want, seller is asking for 70k but most I would pay is 65k. +I have been pre approved for a 50k loan at 8.35% over 5 years, $150 early pay out fee, which I would plan to do. + +My only other savings goal would be a house deposit within the next few years. + +I know car loans are dumb, but I would really love this car. +I would just like to hear some people’s opinions who aren’t my super money conservative parents or my terrible with money friend’s. + +Any advice or opinions would be appreciated. +I'm in my 40's. I've worked 20+ years in tech field. I've worked remotely from home for most of that time. I make about $170k per year, but I'm just tired of working. In fact I recently turned down a job offer making $200k to work from home. I read MMM blog every day to remind myself of my goal, and every day it gets more tempting. + +I think I've come to the natural end of my interest and enthusiasm of working in my field. I've saved a ton of money, so I should be able to FIRE. But to walk away from an easy job making so much money seems wrong, and to boot it is an easy work from home job. + +I know I'm burned out, and need some time off, like maybe a year or so. I just can't pull the trigger to quit, not just yet. Not sure what to do... I feel a little bit stuck. +Eek. Need some confirmation on this. I could sell for a 5-10% gain right now. I don't want to but if it keeps going down I'll probably regret it. I keep hearing it'll go back up tomorrow. Is this true? Why? + +Thanks + Elongate has been a sleeping giant since the last BSC hype. They are charity focused but it's not their only focus. Since their previous all time high they have gone into overdrive, going from just a meme token to a tech development company. They're building out an ecosystem that supports their mission to merge earning and giving. Right now they are rocketing up in the charts, their volume just jumped over %1500 in 48 hours. + +One of the tech projects that's going to directly benefit the holders is their Crypto Lightning Exchange. This is an application that will be native to Salesforce. For anyone who doesn't know how huge this is, Salesforce is the worlds leading sales management software company, they provide a suite of products to over 150,000 companies worldwide, over %80 of Fortune 500 companies use Salesforce. There currently exists no application built into their dashboard that allows them to manage crypto. + +**Elongate has named the application "Crypto Lightning Exchange", it will allow Salesforce enterprise clients to automate their crypto sales process.** + +* First of it's kind application native to Salesforce +* Swap any crypto to any crypto +* Automate transfer, swaps, transactions, etc.... +* Pull KPI data +* Pull data on transactions, transfers and swaps +* and more... + +**How does this benefit Elongate holders?** + +* Every transaction has a 1% fee +* %0.5 portion of the fee will be used in a buy-back-and-burn process, both rewarding holders, decreasing circulating supply, and adding buy pressure +* The other %0.5 portion of the fee will go directly to charity and generate social impact + +As always: **DYOR!** + +Edit: they are also teaming up with YouTubers Mr Beast and Mark Rober for their Team Seas campaign to clean up the plastic from the worlds oceans, they're also the title sponsor of Venture Into Cures which is a campaign to fund research for the rare disease EB and will include a long list of celebrities, and they just had a cable television segment air on LifeTime TV. +Without getting too deep into details, I received a raise earlier this year (summer) and was told on top of that raise, my boss would be giving me a bonus this year (no clear amount, est. $3-5k based on prev. bonuses) and would “work to get me a bonus each year going forward”. + +Fast forward to present, and I just learned my boss is offering me *another* raise this week, making it clear he wants to “make sure I am happy” in addition to the big year we have had thus far. However, I have not yet received any of the previously discussed bonus, nor was it brought up in this initial raise discussion. This is where I am a bit uneasy. + +We are planning to meet formally tomorrow to discuss the raise, etc, so I don’t know what all is encompassed yet. But assuming I am offered another raise (in lieu of a bonus), what can/should I mention in regards to the previously promised bonus? + +Yes, a raise is great, but a bonus would come in tremendously helpful given my current financial climate and the fact I am currently working on a start up of my own. Don’t want to cross any lines. Any inout is appreciated!🙏🏼 +I don’t know 🤷‍♂️ life seems frustrating and so hard making wealth is one of the hardest things in life, actually i don’t know about others but for me it almost impossible to leave the hood wear you are :; GOD dear it life sulks I don’t know my losses makes me feel like committing suicide GOD I’ve tried and still at one spot don’t know , or I’m I not destined to have wealth don’t just know me typing 💬 this I’m full with tears 😭 just confused 😕. Everyday I tried to motivate my self saying I’m might get it right but when it’s time it’s all total bullshit +Using a throwaway for obvious reasons. I live in Northern California. My son who is 13 has been having worsening OCD and anxiety. My spouse and I are very worried. We have tried using local therapists but nothing has worked and my son has gotten worse. Outside of this he is doing very well in school but at night his anxiety takes over and he is constantly washing his hands and feeling like he isn’t clean. He constantly worries about assignments/tests at school even though he always does well on them. At this point we are willing to do anything to help him. We live about 1.5 hours away from the SF Bay Area but are willing to go anywhere to help him to overcome or lessen his anxiety. Wanted to reach out to fellow FatFire users to see if anyone has had any success in helping their child with this. +So I (35M, USA ) have a very blessed dilemma and I recognize what a lucky spot I am in but sometimes having money is a curse. I am a minimalist Digital Nomad who has 1 pair of shoes, 1 pair of pants but has focused on the same career for a very long time and am paid very well for it. I help startups with marketing/growth remotely. I've made good money for the past 12 years, but never spent hardly any of it. I literally live in 3rd world countries working for San Francisco startups...so I've amassed about $200-$250k (depending on how much is liquid vs in the stock market on a given day) and put off being adult and getting some real estate for the last decade. Now, I'm back in US A for a month or two and want to do that, but before I do I thought I'd post all my life's intricate personal details and see if I can crowdsource the gumption to finally pull the trigger on an investment....so here are my details: + +\-Never bought property before. + +\-Debt free + +\-780 credit + +\-From Columbus, Ohio which is a really cheap market but never want to live there, although putting residency here (and just nomading from there) is much cheaper than doing so in CA. + +\-Prefer to live in Southern CA, around Hollywood Area which is very expensive but worth it. + +\-Very good credit, working on preapproval right now. + +\-Most likely not going to stay in USA all year, so will be renting out for income. + +\- I also work from home 24/7 so If I rent a home/office as well as own a rental property ( and don't live in the same) then I get 2 tax deductions (home office & mortgage) vs. 1. + +So should I: + +A) Buy 2 duplexes in cash in Ohio, rent them out remotely via management company and then just refinance them later on when I am ready to settle down with a home in CA. Yes $200k buys 2 rented duplexes in Columbus roughly $30k of annual income with headaches of winter, bad tenants and bad real estate laws in Ohio. + +or + +B) Get a loan for as much as I can with $200k downpayment and buy a 4 unit place in CA and take one unit as a residency in CA while subleasing when traveling. This will make roughly $1500/mo when rented out fully but will appreciate much more over time. When I live in it it will save me $20k a year on not paying for rent. + +or C) Absolutely not make any moves right now with the impending doom that everyone keeps warning me about in the housing market "bubble" and just keep stacking cash and waiting for the price correction? + +or + +D) Do a hands-off, silent investor real estate syndicate deal where I don't do anything and just invest. I've seen many schemes and a few people have recommended this to me as an alternative since I am not really looking for more work involved with ownership.... + +E) Do something besides real estate entirely with the cash? + +Thoughts? Guidance, I have put this off for so long so posting and talking about it and getting your help guys will really help me be a grown-up and finally make some adult moves. Thank you so much in advance. +Hi all, + +I was involved in a rather bad car accident a few weeks back and have just been told that my car is a structural write off and the insurance company wants to pay me out. The situation was I was sitting at the lights and the driver behind due to a medical event rear-ended my car and completely smashed the rear in. It's all been documented by the police and I'm by no means at fault. + +The thing is the offer that they've given me is about $5k less than what the car is worth (Toyota Camry) especially with how pricey used cars have become at the moment. + +----- + +**Make**: 2012 Toyota Corolla Ascent Sport Auto with 97,000km + +**Assessors Quote**: $7,200 + +**[Redbook and Market price](https://i.imgur.com/eouLmAL.png):** $12,000-$13,000. Possibly even higher with this market! + +----- + +I feel really quite pushed around and I'm being actively pressured to accept but it just seems so wrong that I'm footing the bill for a $5k loss on a Toyota Camry that is still relatively new and that I know I'm going to have a tough time to replace. My insurance provider is Bingle and they've been super unhelpful and been quite rude when I've questioned the value being insufficient. + +This is really quite distressing because I was not expecting to spend this kind of money and $5k is a lot for me. Especially when I wasn't at fault. Do I have any rights whatsoever? What can I do if I don't agree with the price here? + +Thanks so much if anyone can help me out, it is so enormously appreciated! + +EDIT: The assessor just called and said he's transferring $7200. He doesn't care if we're accepting that price or not, if we're not taking back the car that's what he's sending to us. What if I wanted to negotiate?? + +###**UPDATE:** + +https://www.reddit.com/r/AusFinance/comments/mcjzqh/update_car_accident_and_my_car_was_written_off/? + +I was able to get $12k out of Bingle instead of the original $7k. I sent in a strongly worded letter threatening to take them to the ombudsman and spent all of 20 minutes finding examples on Cars Guide and other sources showing their price was inadequate. All of 2 hours of prep, 1 week of delay spent has netted $5k. Thanks everyone for the great feedback! +We all know the education sector is going through unprecedented times with mass lay-offs and underemployment. + +I'm curious to know fomr someone who works at a university (either in admin, academia or teaching) or knows someone who does, how bad is it really? + +Any anecdotal stories? +So I went to a few open houses today and the house range is 800-850k now the real estate agent called me and said someone put an offer of 820k as a verbal offer and will I bid against it. +We've seen that the movie stock increased in price in the last week or so, and I believe this is the result of a well thought plan by the HF. Let me put it this way, but don't quote me on this, I'm just a dumb ape who happened to THINK?! for a second: + +&#x200B; + +1. About 3 weeks ago, we've seen an influx of posts about the movie stock on our sub, causing a little bit of a divide between apes. We even had our mods intervene to sort things out. +2. Last week the price of the movie stock started increasing, but I believe all this movement is and was controlled by HF (because we've seen multiple posts which stated that Shitadel had a huge position in a.m.c) +3. Paid MSM (tv and internet articles) covering a.m.c a lot, always mentioning that it was better than our beloved GME. +4. All of these happened in a span of two or three weeks, because, guess what, next week we have our Shareholders meeting, where hopefully a lot of things will be revealed! Shitadel and friends fear 6/9 (nice) and I believe everything that is happening now with the a.m.c stock, including the media coverage, is orchestrated in order to make GME apes sell due to FOMO. This is one of Shitadel's last desperate 'attacks' to make apes sell GME. +5. But guess what, the movie stock has its own apes and they only buy and hold. I don't think Shitadel thought of this, so now things are getting harder and harder for shitadel and friends. I believe they are fighting for survival, knowing that 6/9 will reveal a lot of stuff and will probably trigger the MOASS. But as we've seen, Kenny is ready to fight till the last breath. Your wish is granted kenny, ook!? +6. Moreover, GME apes are actual bonobos, they don't care, they only buy and hold GME, 'we' didn't FOMO into the movie stock and thus, GME holds strong! +7. 5+6 is why their plan failed +8. But I'm dumb af, so idk. + +BTW my plan is to sell only one share at 25 milly, keep the rest for the infinity pool, make these bitches bleed. Not financial advice! + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Throwaway for obvious reasons. First off I just want to mention, given the fact that my case has not concluded, I will not be discussing my case in any further detail, other than the fact that I am expecting to report to county jail within the next 1-2 months. + +&#x200B; + +I (single) am currently 17k in debt with credit cards/personal loans and 21k in federal student debt. During my college years I was arrested, indicted, and bailed out. My lawyer bought me enough time to complete my education and did gig/contract work to keep myself afloat. I am fortunate enough to have a lawyer who took my case on pro bono and I don't have any car loans or mortgages. I currently have no assets; my car is in another family member's name, I live with family, and the most expensive thing I own is my cell phone. + +&#x200B; + +I'm currently in a position where my gig work has been hit hard by the economy and I'm at the point where I need to start giving up on paying creditors since I will be reporting to jail soon. My support system is prepared to supplement my food, living situation, and basic essentials like a phone bill and health insurance. As well that support system will be there for me when I get out. I am confident I can find basic work when I get out and I foresee myself getting into my career field within the next 3 years. My current financial plan is to serve my time, file for bankruptcy , shoulder my student debt, and start fresh. + +&#x200B; + +The advice I would like is: + +1. How sound is my current plan? +2. Should I inform my creditors of my situation, even if I plan to file for bankruptcy? +3. Should I assign a trustee to my accounts, even though I have nothing to give? I'm worried they will harass that individual. +4. Should I attempt to settle my debts after I serve my time? I do not believe my first job out will be big money, although I have good connections to my field and am confident on my 3 year timeline to be in my career field. +5. Are there any other resources I should be looking at? + +&#x200B; + +EDIT: I appreciate everyone's advice, even down to people giving advice regarding my time in jail and life after. I apologize to the people who want more context, I am just following the advice of my lawyer. I do not deserve sympathy; I'm just trying to prepare for the next chapter in my life. Thank you again, ~~I'll be deleting the thread later tonight~~. + +EDIT2: People have pointed out that this thread could be useful for people in the future, I will be omitting some details, and I'll leave the thread up. Apologies for not thinking of the other people that may some day be in my situation. I will no longer be responding to this thread or DMs. + Its getting pretty clear to everyone that the market is more and more decorrelated with real economics. In the standard anatomy or a bubble we usually see a bull trap following the first big dip. If we consider that the first big dip ended on march 23 its been quite awhile that this bull trap is going on. + + +Which asks the question: was it a real crash, or just the news effect of the pandemic and lockdown had on the markets? + + +By "real crash" I don't mean the sudden drop in stock prices definition, but rather i mean end-of-cycle crash. And this is quite different, by Kondratieff and Schumpteter this kind of crash does not happen because of a news but rather a news is the detonator of a crash that was bound to happen. +We lived in the longest bull run in history and if we think of the economy as a breathing machine if function in two steps: + + +1 it that has to inhale, inflate, create money and debt to sponsor innovation. During this period, the new products and services start appearing in the market. These products are more effective and thus displace the old ones and thus decrease their demand in the market and their margins. + + +2 at some point it also has exhale, as the not-so-new business starts repaying their debts, the economy tends to shrink, old products and services incur losses, Investment declines and unemployment starts. + + +By this definition we might think of the current market a the true continuation of the 12 year bull run, and the coronavirus crash as just a major event that impacted the market. The markets were not ready to burst when in happened and will continue to climb until irrational exuberance is unbearable and any small spike will make it burst into the real end-of-cycle crash. + +&#x200B; + + +TL:DR We should not analyse the coronavirus crash the same way as 1929, 2001, 2008 or any other end-of-cycle crash, but rather we should see it as a major news impacting the market. +1. For some reason there's mass confusion when people here buy a stock that is recently up over 100% and then it tanks down 30-50% shortly after. Stocks that moon 100+% (even 50+%) in a matter of days are **EXTREMELY RISKY** to buy. If you're just here to gamble that it keeps going up, then go for it. Nothing wrong with that. Just realize that you're heavily gambling and don't complain when you lose money. If you care about your money, find stocks that are at lows or move 1-5% a day with potential catalysts in the near future. +2. I also see people going deep into DD and looking at the yearly plans for a company, but then sell within a couple weeks or a couple days. If you're planning on selling that quickly, why do you care about the company's long term plans? If you're basing your buys off of long term DD and you like the company, then stay with it for at least a few months. If you're selling within a couple days, then you should be buying purely off the chart setup and any bubbling hype. +I’m curious as to what percentage of your portfolio are dividend stocks vs. growth stocks/single company stocks. + +I’ve always been an avid investor since I started investing 7 years of investing, but looking back at my portfolio now, I unintentionally seem to have drifted more towards index funds and some large cap stocks. Some of these pay decent dividends but not as high as say MMM, GIS, VYM. + +So I’m wondering if people aim to have a specific percentage of their portfolio to be yielding a certain dividend amount or only invest in (high) dividend stocks. +The ones that I know with good yields all seem to track Nasdaq - QYLD, QYLG, NUSI, BIT, BST etc. + +The couple of S&P500 related etfs i now have terrible yields -SPYG, SPLG etc. + +Do you know of any ETFs that track Dow Jones or S&P500 or some other sector but not technology with 5% dividend yield? +I hate this question and wanted the right way to explain what it is I do to family and friends without over complicating it. I tried the old its risk management but for someone who doesn't understand anything about day trading what is the best way to explain what it is that you do all day. Look for opportunities maybe? +I’ve been investing a little more than a year and I do all my investing in my TFSA. My portfolio consists of 90% S&P and 10% in some speculative stocks. I don’t plan on pulling from my investments for at least 20 years and from what I understand nobody has ever been invested in the S&P500 for 20 years or more and not made gains. Is it really that risky to allocate most of my money into this index? +One was a prepaid Mastercard through Paypal, and the other was one through Netspend. I also had an offer letter from Cricket made out to another name. +I've seen this like 20 times in the last year. Everything goes well the entire day in the Asia/Europe markets, but the moment US markets open, everything tanks. + +I've had alts doing +15% today, total portfolio was up like 6-7%, all wiped in a matter of 2hrs. Sure, it is related to alts being correlated to BTC. But still. + +What is up with that, US? Why don't you like profits? + +Could it be the blatant market manipulation with options and future? Is it the stock/bonds markets influencing BTC? Is it the interest hike somehow? What gives? +Location is Maryland, USA + +My mother in law died this morning after a lengthy hospital stay. She initially had a planned surgery to remove a cancer but encountered multiple complications one after another and she wasn’t able to recover. This was over the course of 5 weeks, 4 of it in the ICU. She did not have Covid. I don’t know if any of that matters for insurance purposes. + +Father in law and my wife are devastated. Mother in law took care of everything for her and her husband financially, bills, insurance etc. so he is at a total loss at what to do. I am certain she had life insurance and decent-to-good health insurance but short of turning the house upside down, we have no idea where to look for that information. + +Looking for advice on what next steps are in coming weeks. + +Am I correct in thinking the life insurance should cover hospital bills? + +Is her spouse even responsible for any hospital bills? Not sure how this works with a surviving spouse. + +Do we find a particular lawyer to go over things like an estate lawyer? Or some other basic legal advice? + +————- + +Financials: father in-law retired two years ago and worked part time until Covid hit. Then laid off. No major debts that I know of. Mother in-law was working for a large corporation up until this point. + +There are retirement accounts and other assets but I don’t even know where to begin to help my wife and FIL. + +Basically want to make sure we don’t get taken advantage of and ensure the best future for him. + +Thanks in advance. +Much of the focus around inequality for millennials has been on negative gearing, house prices and stagnant wages, but one aspect that I think has been overlooked is long service leave reform. + +In the current working culture, the idea of staying with the same company for more than 10 years is becoming far less likely. Even if you enjoy your role, in most cases the only way to earn market rate is to change jobs. + +This means many younger workers will go their entire careers without ever qualifying for long service leave entitlements. + +There are already examples of LSL entitlements for industries where it is unusual to remain with the same employer for more than 10 years. In these cases, entitlements are paid through a levy regardless of the current employer. + +A good solution would be employers paying a small additional contribution to an employees super, then every 10 years you are eligible to withdraw the equivalent of 2 months wages from your super and take 2 months leave from your current employer. +Been really fortunate in my life so far and got a well paying job out of college while living at home with no huge recurring expenses. + +After a year and so of working so far, I've earned about $60k (I really spent almost nothing other than necessities, thanks covid). + +I followed the very absolute basics to manage my finances which include: + +1) Creating a ROTH IRA with Vanguard and maxing it out ($6,500 right?). And investing all of the money in the account into VOO as suggested by friends, family, and Graham Stephan 🤔 +2) Created a HYSA with Ally. 50% of my income as monthly deposits +3) Became a Robinhood noobie and invested 10% of my monthly income into stocks. (Huge portion belonging to ETFs and Dividend stocks. A few in individual stocks for fun that's based on educated guessings at this point). + +Remainder of everything just sits in a checking account. For what, I'm not so sure anymore. + +Given that I have no huge financial risks at this time, what are additional things I can do to better utilize this unused capital? I want to take advantage of this grace period and learn how to grow my account now so that I have more options in how I choose to spend my money in the future. + +I want to see what other options/paths for more aggressive financial growth and choose the most interesting one that I'd enjoy learning and deepdiving on my free time. + +For some context, I really enjoyed optimizing credit cards (choosing best card for me, optimizing cash back and rewards, etc), but I also really hated learning stocks and the stock market as research for it became too difficult to determine what's good and bad information. Hard to trust any resources. + +Any ideas or suggestions for what I should look into? Something niche that makes research more fun? +Senior in high school right now, about a month and a half away from graduation. Just hoping to get some assistance on how to manage money better for college and the do’s and don’ts of college spending. +How can I start this.. the paradigm that defines our role on GME needs urgent and drastic clarification if we are to steer this thing back onto the road.Whether we want to admit it or not, we're fucking drifting atm. The hype is dying as all hypes do, the whole thing is glued with spit and running on pure randomness and doom inevitability ("we're all poor so we don't care, it's either moon or bankruptcy"). + +TH THA THA TH, time out. + +Listen up fucktards, I'm poor too, but that's not the point. We need to go over the whole situation with perspective, and this is not some detailed nerd shit so it'll go easy on your 2 braincells. + + +Repeat after me: we are not gonna trigger the short squeeze. WE ARE NOT GONNA TRIGGER THE SHORTSQUEEZE. +It's easy to fall into disbelief by misunderstanding our part in all of this. We are not triggering shit, so all the retards YELLING buy buy buy every time it starts to go up need to come back to reality. It's NOT our job to trigger the short squeeze nor would we be able to. + + +Picture a roman colosseum (an old stadium you mongs). In the middle of the arena, down in the pit you have all the shorters doing their thing, having a jolly good time. There's several tunnels surrounding the pit and leading OUT to freedom. + +To get the short squeeze we need them right there in the pit, so that's done. They're already there, shorting GME to shit, not by 13% which was enough to rocket VW share price 5X back in 2008, but by a staggering 50% to 130% (numbers irrelevant, point is the ammo is more than enough). As you can see there's plenty of shorters in the pit, so they're confident and comfortable. + + +Now, for the shortsqueeze to work you need 2 things: + +\- a boogeyman +\- something blocking the goddamn exit + + +The boogeyman is ANYTHING that makes them fear for their billions and run for the exit trampling each other on the way out. The less shares available for them to cover their shorts the smaller this boogeyman can be, because they will panic knowing they may not be able to cover at all, meaning THE END. +It could be literally a thousand different things, and the longer we go into the future the more likely that something will HIT. Could be someone scooping up an extra slice of the company (Ryan Cohen for example), earnings blowing out, anything. And this company has received SO MUCH free advertising in the last few weeks it's not unreasonable to think that they are at a historic turning point (not gonna get into the reasons why it's already a great value investment), and it will soon show. + + +THEN, we come. +We, the group of INDIVIDUALS that happen to be investing in the same stock because we like it. + +What are we? We are bodies. +Pilling up. +On the fucking exits. + +The more shares you own the fatter you are, and the fatter you are the more space you take up on the exit. And my friend my friend, the hedgies are REALLY gonna need the exit when the boogeyman shows up. + + +Our role here is to buy as many shares as we can in order to clog the exit doors, so that the shorters have no way out when a boogeyman comes.If something big drops and there's not enough unflinching share ownership (buyers that won't sell no matter what), then the shorts will just make their way out and fuck all will happen. + +Sure, there must be a lot of individuals and institutions unwilling to sell to bail shorts if they need to cover, say most of the GME board for example and maybe a couple institutions, but likely not nearly enough. + +That's our part. If say half the people on WSB buy an average of 5 shares, that would be nearly 20 million shares. That's nearly 1/3 of the total GME shares available.If say, over a month we are able to turn that average into 10 per person, half of WSB would own a staggering 60% of all the shares, and you may say oh well that's not possible BUT JUST THINK ABOUT IT, many among us have investments in the hundreds of thousands, some even millions. Each one of those can bring the average up a hell of a lot.Heck, even I with my 20 shares god bless them, can make up for 3 people on WSB that bought nothing. + + +Time really is on our side, if we just keep gobbling up shares we can really block those exits for the shorts, and when the time comes they will panic because they will realise there simply aren't enough shares to cover - GME goes straight to the MOON. + +We don't need to worry at all, there is no losing here because mathematically it's a time bomb.THIS WILL NOT SURVIVE ON HYPE.HYPE IS NOT OUR FRIEND.Understanding the situation and calmly and patiently executing is how we can succeed. + + +We need to unify, clarify, focus and execute. + + +&#x200B; + +**TLDR -** + +**The GME gang is losing its way because its all hype now. Hype will kill this because hype dies.We need to clarify our role and execute with patience. We don't trigger short squeezes, our function is to accumulate as many shares as possible so that when the time comes and something big and positive drops, the shorters try to cover but can't because we have all the stock (or most of it), they panic and GME moons.Basically the only thing that matters is to keep accumulating as many shares as you can, and to understand your role. This diamond hand shit is NOT needed because the price is irrelevant, it's the inevitable math of the short squeeze that matters and that's where the focus needs to be.** + + +&#x200B; + +Obviously this isn't financial advice and everyone here does whatever the fuck they want anyways. +Just need to vent!!! + +Didn't have a good trading day yesterday (lost $600). So, today, I make up for it, shorted a downtrend and exited on the reversal. Instead of being happy with eliminating yesterday's loss, and calling it quits for today, I yolo'd into something breaking out. Unfortunately, caught the top and it reversed on the next fucking candle. Stupid me! Hit my stop loss quite quickly and I was out $1750. I am very angry at myself, because I never do this. The last few days were my only two bad days this month, so I need to chalk this up to an expensive lesson, but I shouldn't have broken the greed rule. +Just need to vent!!! + +Didn't have a good trading day yesterday (lost $600). So, today, I make up for it, shorted a downtrend and exited on the reversal. Instead of being happy with eliminating yesterday's loss, and calling it quits for today, I yolo'd into something breaking out. Unfortunately, caught the top and it reversed on the next fucking candle. Stupid me! Hit my stop loss quite quickly and I was out $1750. I am very angry at myself, because I never do this. The last few days were my only two bad days this month, so I need to chalk this up to an expensive lesson, but I shouldn't have broken the greed rule. +Anyone else checking how old some of the accounts that are posting on this sub are? I keep seeing these posts from 1 month old accounts with little post history pumping up a stock like they know everything. Obviously an alternate account of someone on this sub trying to trick unsuspecting noobs into buying and bagholding. Scummy if you ask me. + +Also, I posted an innocent question about how to do DD debt (specifically mentioning $GSAT and their 300M debt) and got down voted. Clearly somebody thought I was being bearish on their stock and tried to silence me. + +When I sort through New it feels like I am scrolling through a website with pop up scam ads, except instead of "*Meet hot singles in your area*" its "BYFC $50 Price 🚀🚀🚀." + +Then there are all the bagholders who keep posting outside megathreads with the same questions: "I bought at the high, am I screwed?", "What's your PT, I have done no DD and don't know when to sell" "Why is (xx) dropping? Will it go up?" + +The constant spam posts of a stock I don't always have a problem with as they add hype; but when I am trying to look for honest analysis under 'New' it feels like I am playing a game of Where's Waldo? And Waldo can't be found under the constant 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Lastly, a lot of DD and Catalyst flared posts contain nothing. Just "(xx) iS mOvIng BIG evEryOne get iN (DD)" + +Anyways I don't care if you agree or disagree and you can post whatever you want I am just sharing my sentiment. Don't wanna see this turn into Stocktwits + +EDIT: Even as people are posting, someone is going through and DOWNVOTING all your comments LOL +Minneapolis, Minnesota. + +I can't lift over 20 pounds, have sensory issues to sound, hate coding, hated school and struggled in the easiest classes even with tutoring, can't stand for more than 30 minutes nor sit for 30 minutes, I have to mix it up. I have a fused neck naturally, scoliosis, flat feet, autism, and ADHD. No careers seem to fit me or they barely pay enough (like 20k<). + +I wanted to become a photographer, trucker, police officer, be in the army, dog groomer, auto mechanic, forensic pathologist, radiologist, train conductor, etc + +Either need years of school beyond college or don't pay at all. + +Photography is the only career ideal for me personally where I can sit and stand as a mix while tolerating it. + +Was told to post my Instagram. Forgot I even had one for photography, I guess here it is + +@theclickingenthusiast + +Should be a terrier dog as my profile picture +Alright, so this is going to sound dumb, and probably is dumb, but I thought I'd ask anyway. + +Say I've got $1000 to blow and I'm already investing in the bigger coins, why not take a chance and put $2 into 500 random altcoins that no ones talking about? + +The reason I ask is because $2 in a certain meme coin about a year ago would have netted the person a million dollars today, or so I've read, who's to say there isn't another coin that no one's talking about that could net a similar return in a years time? + +I'm the kinda guy that plays it safe by the way, DCA and hodl has always been my strategy but this kinda peaked my curiosity... + +EDIT: Alright, so I was expecting this post to get downvoted with a handful of replies telling me how dumb I was but in less than 24 hours I've gotten 600+ replies! With some encouraging me to do it... I haven't gone through all the replies yet but have seen some good points on both sides so far, I'll go through all the replies in the coming days then make a decision on this. + +I'll update this post in a few days. + +EDIT 2: So after reading so many (!) of the replies in this thread and seeing both sides of the argument, I've decided not to go ahead with this, thanks to everyone who replied I've seen alot of good and interesting points made from both sides, perhaps I'll revisit this idea in the future, who knows. + +Peace ✌️ +So I'm going to be renting for another year (July 2022 - July 2023), and I have a sizeable house downpayment sitting in my HISA. + +Considering I won't be buying for another year at the very least, does it make sense to put my down payment into a GIC now that the rates are more attractive? + +If yes, I would ideally do it through TD as I like to keep everything in 1 place. It's just easier for me to manage and track, and I don't care about min/maxing for an extra 100 bps. + +I was looking at the TD Special Offer GIC and I could get 2% for 100 days, cashable, or 3.25% for 14 months, non-cashable. + +Thoughts on this? +Personally I’m still holding a small position on Enbridge but sold everything else on the nice upswing we’ve seen past few days. Can’t justify keeping money in a sector that’s about to have the carpet ripped out from beneath its feet (again). This is only 3 weeks in to what will be months and months of trade war. The oil sands are shooting out a hailstorm of crystal balls for us right now. +I have a meeting with the Fed Chairman. It will be a semi-formal discussion with about 40 people. There will be plenty of time for Q&A after his remarks. Our focus will be on serious policy measures, rather than a glorified tour (which I would hope the Chairman would not waste time on). + +We have unique access to him as a favor, so I won't ask/pass on any non-polite or pressing questions. That does not mean I will throw him softballs. For example: *Why are you so afraid of an audit? What are you hiding?* (Bad). *Would a one-time (rather than regular) audit of the Fed assuage your fears of piercing the wall of independence the fed needs, and if so, in what ways could an such an audit be done to avoid your objections?* (Good). *Dude, where do you buy your suits?* (Bad). *What do you personally feel the chances are of stability in the Banking sector after their bailouts, without the passage of reform like re-enactment of Glass-Steagal?* (Good). + +I'll record the highest-rated questions to present with any remaining time after the meeting, and share the answers here (if able). I'm not sure whether the meeting will be off-the-record or not, so I'll also avoid details about how we gained access. + + +Edit: I just got back from the meeting. We actually got to hold it in the FOMC board room. I'll do a writeup in a bit. +There are so many extremely pessimistic articles out there about the US economy. It seems like things might never get any better. What are some things the US needs to do to right the ship? +Why would they announce a stock dividend on a Thursday after close, going into a Friday? To apply pressure of course. But we all know that these AH spikes get pushed down quickly at open, as we saw today. Ryan forced them to exhaust all of their resources in the morning on the final day leading to a huge gamma ramp. What’s next? Official GME Entertainment release as a stealth startup behind their NFT Marketplace. The stock dividend was just a tap in the nuts and this is going to be the full suplex. Leave no quarters, we’re killing all hedgies today. Announcement incoming. + +BUY, HODL, DRS AND SEE YOU ON THE MOON 🙌🏻💎🚀🚀🚀🚀🚀 + +Edit: if I were to guess, we’re getting the announcement at 1:47. We got our 741 last night, 147 is coming next. + +Edit2: Welp it’s 1:47 and the price is totally going the wrong way 😂😂 rip. They definitely saw my post and dropped the price on purpose smh +I'd assume members of this sub-reddit have a much higher than average net worth. This makes us all targets for whalers, phishers, and other types of thieves. I've been getting deeper into security/privacy over the past few weeks, and I wanted to start a discussion on best practices to ensure that what we've earned doesn't end up stolen. I've found a useful podcast on the subject, though they tend towards an extreme that I don't find necessary (https://inteltechniques.com/podcast.html). With that out of the way here are some best practices as I understand them, feel free to add more: + +&nbsp; + +- Use different usernames/passwords for all accounts (reddit, banks, CC companies, amazon, coinbase, etc...). If you used the same username/password for all accounts, a hack of one account opens your others to attack. Do not create a username that someone could guess, such as firstname.lastname, instead use something more random. +- Preferably, you will use a different email address and phone number for each class of accounts you activate. A phone number/email for craigslist/ebay, one for Reddit, one for Facebook, one for your bank, one for CCs, etc... This is made easier with apps such as sudo for IOS. The phone number is replacing the social security number as the universal identifier. +- Use 2FA when possible, and SMS doesn't really count as 2FA. Something like google authenticator is a more secure form of 2FA. +- If you're not churning or otherwise opening a lot of credit lines, freeze your credit. +- Software like lastpass can auto-generate strong passwords and encrypt them for you (so even if they are hacked your info should be secure). +- Consider messaging through a platform that is end to end encrypted (protonmail, signal, wire, etc...) +- Consider dropping Google and Facebook. +- Several apps allow for the generation of burner credit and debit cards (blur, sudopay, etc...) + +&nbsp; + +That's the low hanging fruit as I understand it. I was already implementing several of these (the obvious ones), but have now transitioned to multiple VOIP phone numbers/emails as well as other security and obfuscation techniques. +Hello! longtime fan, first time poster. Could not post this on r/financialindependence and found this community, apologies if our NW is too low for fatfire! + +Here are my numbers: +37F married to 37M. +$3.5M NW, all equity ($1M 401(k), $1M VOO, $1M GOOG/FB/AMZN vested stock, $0.5M TSLA). I earn 600K pre tax. My spouse makes 300K. Bay area/VHCOL. We spend about $15K a month including $6K rent. 2 kids, 6 and 2. + +After 16 years of uninterrupted employment, I'm tired of dealing with chiefs of staff with god complexes. + +My husband likes his job, no plan to quit. But I've been seriously thinking about becoming a stay at home mom. Here's what that might look like ($23K per month) + +1. Move to NJ and buy a house, which means about $10K mortgage + taxes per month + +2. Start Private school for both kids, roughly 7K per month combined + +3. Expenses seem to be $5K per month (conservative) + +4. 1K a month supporting elderly parents + +Questions: + +1. Permission to fire? My husband's salary doesn't cover all of our expenses, but is it safe to assume our nest egg will throw off enough appreciation to cover the shortfall? Looking for a green light to focus on my kids. I don't know much about stocks but you guys do! + +2. Are there any product/financial analysts here that coastfied? I don't want to retire but I am sick of office politics. But I have no idea how to find a job that comes with less stress. I'm the head of an analytics team of 20. It's been too many years since I've coded, but I'm good at telling stories with data. Would be interested to hear from anyone in a similar role / level that coastfi'ed and found a useful way to apply their analytical talents + +My biggest fear is being lonely / bored, especially once the kids are off to college. Although my job is tiring, at least it gives me a group of folks to talk to. I love my team and my peers and I will miss them greatly. Reading this forum has really given me perspective on how isolating the first 16 years of post undergrad life has been - for both my husband and I. We travelled west to find gold, but it came at a price +It's mostly a private thing so am I out of luck as a public investor? Is it impossible to get in on the ground floor? How do I approach that? + +My generation games were nerdy. Then they became more socially acceptable. Now you have kids literally paying to watch other people play video games. This will become normalized, these kids will grow up and become consumers and give birth to an even newer generation of kids, and I think "esports" (I still think it's completely ridiculous) will be a major thing for these coming generations. + +With that being said how do I make money on that if I am right? Because it's private do I need to approach as a private investor somehow? What about getting a job within that industry? Do I have to be a gamer? +> Sales and profits have been rising at the health-care unit, which accounted for about 16% of companywide sales, or $19 billion, last year. The business produces magnetic resonance imaging machines and other equipment sold to hospitals as well as laboratory supplies for biotech firms. + +>GE plans to sell 20% of the division, the company said, and later distribute the remainder to its existing shareholders. The newly separate company would also assume $18 billion in liabilities from its parent, people familiar with the plans said. The division will continue to be run by CEO Kieran Murphy and the separation will likely take 12 to 18 months, they added. + +>GE said Tuesday it expects to exit its investment in Baker Hughes over the next two to three years. GE merged its oil-and-gas business with Baker Hughes in 2016, leaving GE with a two-thirds stake in the enlarged public company. Those shares are now worth about $23 billion and executives have wavered on whether GE would hold on to the stake or pare it back. + +>The Baker Hughes deal was one of the last major moves by former CEO Jeff Immelt, who led GE for 16 years and left last summer amid pressure to boost profits and revive the stock price. In addition to investing in the oil patch, Mr. Immelt doubled down on the power business by scooping up assets from rival Alstom SA and sold off much of GE Capital after the financial crisis. + +Source: https://www.wsj.com/articles/ge-to-spin-off-health-care-business-in-latest-revamp-1530005401 +**I. Bold headline to grab your attention** + +Some generic garbage about well known investment theories over multiple decades. How are they relevant to a 2 week hail mary prediction? They're not, but it gives the illusion I know what I'm talking about. + +Here is a [bearish article](https://www.marketwatch.com/story/stock-market-hasnt-seen-absolute-bottom-yet-says-mark-mobius-2020-04-14?mod=mw_quote_news) that I'm sure no one will take the time to read, but due to confirmation bias, put holders will automatically agree with. + +**II. Technical analysis** + +Generic fortune telling garbage such as "support" and "resistance" that makes believing in astrology look reasonable by comparison. (Number above where we are) is resistance. (Number below where we are) is support. Doesn't matter if we collapse through support like it's nothing or break through resistance like it's nothing, there is nothing that will prove the generic statements about support and resistance wrong. + +Also I drew some fancy lines that shows this is indeed a bull trap. + +**III. Some other useless garbage about other markets*** + +Mention commodities, including precious metals, perhaps treasuries to make oneself seem knowledgeable. More thoughts on what COULD happen versus what will really happen. + +**TLDR: this is a hail mary prediction that will gain me a cult following if I'm right and I'll just try again on a new account if I'm wrong. God I love reddit and this sub.** + +Edit: The rally from below 2200 to present levels was perfectly predictable, if you looked at fundamentals and technicals. No fucking way I'll say anything of the sort **BEFORE** the fact but I'm pretending to be a timeless sage in hindsight. + +These are interesting levels that I'm keeping an eye on: 2500, 2700, 2950. What does it mean and what tradeable insight are to be gained from these numbers? lol fuck if I know. Also there is a possibility of a rally to 2880 but I'm looking for an initial fall to 2760 this week perhaps maybe. +Hi all, + +Looking to hear from people who have maybe saved a bit more towards a deposit on their long-term PPOR, rather than buying a small property first as a way of getting on the ladder earlier. I'm considering purchasing in the next 2 years and have $60,000 saved. + +I am a 29 year old doctor, engaged to be married this year (wedding mostly paid off), with a toddler and a dog. We would like to have a reasonably large property size of 1,000 square meters in the outer Melbourne suburbs to have backyard chickens and grow a bunch of food as we love permaculture and gardening. + +For these reasons, we've been thinking that it would be better to not just save for a first home, but to purchase our forever home so to speak. I can't really see any pitfalls to this apart from taking longer to save for a deposit, and the pros are obviously avoiding paying stamp duty more than once. + +Is there anyone else been in this position that could share their experiences or advice? +This is a throwaway account. + +I'm a stay-at-home mother with two under two. My husband and I are fat fired, but he still works at his company. + +We live in a medium-cost-of-living city in Colorado (ave. home is $550K), which is primarily a college town. + +I'm finding it hard to meet other moms/peers I can relate with. They are very kind and family-oriented, but their problems are a lot different. The young parents I meet are trying to make ends meet and primarily work in blue collared industries. + +I feel I need to hide things such as what my husband does, places we go, or things we do. I would never rub it in anyone's face, but I go out of the way to try to change the topic. + +My husband and I talked about going up in the house, but I'd feel like such an A-hole if I invited my current friends. + +I'd love to find other young families we can go on Disney cruises or skiing trips with. Mostly, I'd like to have friends I can be open with. + +Would you happen to have any recommendations? +Are there any other unorthodox or not well know investments that you have made that worked out well? + +I am looking for more out-of-the-box ideas than the standard stuff. +Today was payday, which means that I paid off my last payment on my credit card. + +Two years ago my wife and I were around £24k in debt. It had been higher and we'd paid stuff off, but £24k was the amount I could quantify at that day. + +We were drowning and couldn't see the light at the end of the tunnel and knew we needed to get a grip and we did. + +We started being cleverer, followed the flow chart, used balance transfers 0% and started paying down what we could. Took a look at our spending, got better at looking how and where we are spending. + +There was good fortune along the way I worked my ass off and got two substantial pay rises which really made a difference in paying things off. + +So today we are debt free (except our mortgage which doesn't count) we've got £2k in savings, both in stable jobs which will be secured even with this situation, we are paying in 8% in our respective pensions and next pay day we'll be able to get £1,000 paid into our savings. + +If there is something I've learned is never lose sight, if you're in the same situation you will see the end of light. + +Don't forget to treat yourself every now and again, don't got crazy obviously but a Meerkats voucher for a meal out does wonders for your mental health and don't feel guilty about it if you can pay off what you can on your plan and have that night out. + +Thank you once again. + +Edit: I thought I'd have look and see actually how bad it all was, some accounts I've forgotten the details and some are my wife's card and she's sleeping, but here's a snap shot of how bad it was. Also the dates are kinda wonky they'd be balance transfers https://imgur.com/a/JwyDzAQ +***EDIT 3: Weekly report and Medium article on Polygon Partnership:*** + +[https://cryptorubic.medium.com/rubic-weekly-report-02-19-d7fd64d33045](https://cryptorubic.medium.com/rubic-weekly-report-02-19-d7fd64d33045) + +[https://cryptorubic.medium.com/polygon-and-rubic-are-expanding-their-partnership-4d3d6fdc7ac2](https://cryptorubic.medium.com/polygon-and-rubic-are-expanding-their-partnership-4d3d6fdc7ac2) + +***EDIT*** *2: Anonyimzer is coming and being worked on. Super bullish and huge for so many countries. Link to the tweet today:* [*https://twitter.com/CryptoRubic/status/1361407432367472643?s=20*](https://twitter.com/CryptoRubic/status/1361407432367472643?s=20) + +***EDIT***\*: Posting some comments below on the Volatility of RBC and L2 comments from a resident RBC whale.\* + +Hi folks, it's snowy here (finally) and I couldn't be happier :) + +Rubic is currently following it's trendline - it's been holding this for the last month. An uptrend. We are currently sitting at around 37 cents USD. 33-37 cents IS the bottom over the next few days - then 40 cents will be the bottom as we follow the trend line. + +There was a surprise AMA this past Friday with Polygon (matic) to discuss Layer 2 solutions, and how the tech works. They also confirmed a partnership with Polygon during this AMA, and Polygon has stated they will start to Promote RBC. This is good. + +The team is launching their marketing campaign in Korea and China this upcoming week. That should give us a wider audience outside of the NA reddit and BIZ. Anonymous trading is coming to RBC very soon - and this will be a big selling point to people in those countries. + +# The current timeline for updates: + +* \- Stop limit order book via chainlink coming on the 25th +* \- Some slight UI changes to add uniswap and 1inch prices - allowing you to trade a coin using the best price available on the market +* \- At the end of this month the team will start to approach exchanges, and top exchanges (this means Binance) +* \- The CEO's other project is already on Binance, and has been partnered with binance smartchain for sometime. +* \- The team is shifting it's focus to Layer 2 solutions. They will be using polygons protocols to help with GAS, while they focus on developing their own L2 solutions. +* \- Cross Chain swaps are coming +* \- Parachain is already implemented +* \- Website UI overhaul and QoL changes are on it's way (this is a big one IMO) + +The RBC exchange is setting out to basically unify all the dexes into one space, allowing the user to trade with lower GAS fees (and currently no trading fees exist as it is). Anonymous trading will also be huge, as trading on RBC will not leave a mile long record on your metamask. This coming soon as well. + +It has a low marketcap, low supply , a dev team who has been in the crypto space for over 3 years and already has a working product (Mywish). Mywish helped to launch projects with NEO, EOS, WAVES and is partnered with Binance chain. + +Currently the RBC exchange has a Binance chain paraswap function. + +If you were thinking of getting in - do it over the next few days as we crab along the trend line upwards. Over the next month or so (without altcoin season money), we will start to move back to the 1 dollar range and more. When alt coin season comes hard - who knows where we go! + +# EDIT: + +I'm going to paste something that one of our Rubic Whales said in telegram today regarding L2: + +>***"The way L2 works (for any L2 not just matic) is that you have to on ramp your eth to the L2... This means paying the eth gas fee once initially (because ETH is garbage) to get into L2. Once you're inside the L2, you will then be able to trade whatever you want (as long as the tokens are listed on the layer) as much as you want for no fees. Using an outside party L2 means you are at the mercy of that tokens listing process...*** +> +>***So during the AMA, matic VP mentioned they have 120+ tokens pending to be listed. Rubic will be using the matic L2 so whatever tokens are available on the matic L2, you can trade for. When you "cash out" back to ETH, you will pay the eth gas fee because you're going back into L1 eth protocol at that point. What rubic wants to do is (long-term) build their own L2 so that they have control of what tokens are listed on the L2 protocol and not be hindered by whatever tokens matic has listed. This way, rubic has control of the tokens that can be worked with via L2 for low fee costs. Rubic is attempting to bring the same features of a CEX essentially... But to a dex with no KYC involved.*** +> +>***Also, making it anonymous adds a new layer on top of that. It's a real game changer. People who say 1inch has limit orders already do not understand the technical side of it clearly because all those "limit orders" are just what rubics order book is. It requires two parties to fill the contract manually. The limit orders on rubic will be true limit orders that you're used to on a CEX."*** + +# EDIT 2: RBC, FUD and Volatility. + +There's a reason people often cite chainlink when talking about RBC - and it has nothing to do with similarities in the projects themselves (they are completely different), but more to do with price action and coordinated FUD. Back in 2017 I had over 4000 link, and i sold at 30 cents due to 4chan, telegram and reddit FUD. I'm never making that mistake again. + +The last 3-4 weeks, RBC has had fake discord pics posted around 4chan and reddit. Fake Fiver ads doctoring pictures of the devs. The amount of FUD has been endless. Why? Because people want the price to drop, to buy in. + +We also have a daily issue while crabbing between updates or announcements where the price is manipulated by whales and swingers. You can watch the same wallets dump when it's about to pass a threshold (today it's 40 cents). They bring it back to 34ish cents (along the uptrend support line), then let people buy back up to 39 cents, rinse and repeat. This serves two annoying functions: It causes weak hands to sell, and the whales accumulate more. It's annoying, but this will just continue to happen for another couple of weeks until we get in more exchanges, unfortunately. + +During the panic sell of from 70 back to 40 cents last week, none of the top whale wallets sold a dime. In fact they have continued to accumulate. This is good. + +Everyday we continue to grow in holders. Currently we are at around 6,150 or so. The Devs start marketing in Korea and China this week. We definitely need a more general audience invested into RBC, ones that don't read the 4chan fud. I'm very excited to see investors from other countries come in. + +At any rate; + +**DYOR** + +RBC Trend line 4 hour chart: [https://ibb.co/t87g2rh](https://ibb.co/t87g2rh) + +RBC one pager: [https://rubic.finance/assets/pdf/OnePager.pdf](https://rubic.finance/assets/pdf/OnePager.pdf) + +RBC white paper: [https://rubic.finance/assets/WhitePaper.pdf](https://rubic.finance/assets/WhitePaper.pdf) + +RBC Telegram: [https://t.me/cryptorubic\_chat](https://t.me/cryptorubic_chat) + +RBC twitter - follow it: [https://twitter.com/CryptoRubic](https://twitter.com/CryptoRubic) + +You can purchase either through Uniswap or the RBC exchange. + +Cheers! +So to start, you need to know what "shorting" a stock is. When someone thinks a stock is going to go down or a company will go bankrupt, they can borrow shares from their broker to open a "short" position. They then sell the shares immediately at the current market price. They have a specified amount of time to return the borrowed shares to the brokerage. + +If the stock does go down, the investor buys that number of shares at the now lower current market price, and then returns them to the broker. He/she keeps the difference. + +If the stock goes up, they have to "cover" their position. They can "buy-to-close" whenever they want, but many of them will wait for a very long time because they are large firms who have a lot of money and leeway with their brokerage. However, if a stock keeps going up and up, the brokerages can call the investor and demand the shares back to hedge *their* losses. This forced buying drives the price up even more, which then causes other brokerages to make the same phone call to their clients, and so on and so forth. This is called a "short squeeze". + +\--- + +GameStop is a declining brick-and-mortar video game retailer. Their management has not adapted to the digital world where many video games are downloaded instead of on discs. They have been making some moves in the right direction, such as closing underperforming stores and paying down some debt, but they need to reinvent themselves to succeed. Many large investors/firms have seen this coming and took out short positions a few years ago. The stock kept going down so the brokerages and banks hadn't called yet. GME is the most-heavily shorted stock on the market. More shares are shorted than are in circulation. It's called "naked short selling", it's complicated, and some of it is probably illegal but the SEC looks away. + +[Ryan Cohen](https://www.entrepreneur.com/article/349890) founded Chewy.com when he was 25 and sold it six or so years later for $3.5 billion. Last August, he purchased 9% of GME's shares. When it was disclosed in the SEC filings, the stock went up 22% in a day (which is a LOT in normal circumstances). The thought being that he was going to attempt to take over the company. There was a lot of speculation online. In late November he wrote a [strongly-worded letter](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) to the Board of Directors. + +Shortly before Christmas, he disclosed that he had bought more shares and now owns 12.9% of the company. He bought the new shares at $16ish, after buying the first batch around $4. When someone owns 10% or more of a company, there are heavy limitations on how much they can sell at one time, in a given period, and they have to disclose everything. + +This signaled that he wasn't in it for a quick buck and he probably really was going to try to take over and modernize the entire company. Gamestop has something like 55 million members in their club/newsletter thing, and that data can be used to make a lot of money through targeted advertising and such. There have also been confirmed rumors that the company will be making a serious run at the fast-growing PC gaming market (many serious gamers build their own computers). Video game competitions are also very popular and can be capitalized on. The stock continued to slowly climb, with some sell-offs and such along the way. It was not for the faint of heart. + +Fast-forward to January 10th, when it was announced that Cohen and two of his board members from Chewy were officially appointed to the GameStop Board. It was really looking like the theories from last fall were correct. The news sent the stock soaring and the investors who had short positions were in big trouble. Some of them started covering their debt, but many didn't and still haven't. The ones that did have incurred losses in the collective billions, and there are many more billions still out there that will be lost by short investors. + +For the past two weeks, the pro-GameStop investors have shown great interest in the potential turnaround story of a store that plays a big role in their childhood memories. With the presence of Cohen and his buddies from Chewy, an e-commerce giant, small investors can see that GameStop is now undervalued to those who believe in the new Board members. + +The stock has been incredibly volatile as the large investment firms try to drive the price down. One way they can do this by opening massive new short positions (AKA selling large chunks of shares all at once) as other shorts return their borrowed shares to the pool. This can be seen many times along the daily charts of GME, in nearly vertical declines. Knowing the potential of both Cohen and the short squeeze, small investors have been buying up all the dips. If the shares are being held, and not sold, they are unavailable to be returned to brokerages. This drives the price up even MORE as the short investors scramble to buy whatever shares are available to fill their debt before the price continues to rise. Eventually someone is left holding the shares purchased at the highest possible price, but in this once-in-a-lifetime case, it probably won't be someone with a net worth under $100 million. + +&#x200B; + +Position: Go fuck yourself, shorts +I'm 38 years old, been investing tiny amounts into a mutual fund for over 15 years (FCNTX - $2900) but finally realized I don't have any retirement. So I started investing heavily around February. I'm mostly bullish on dividend stocks and ETF's and obsessed with the idea of compound interest. I think I may have missed the window to early retirement, but either way, I'd like to have roughly $50k-$60k a year in dividends when I do retire...prolly at 65-67. + +I just set up my Roth and funded as a Bogle Lazy 3-Fund. + +I'm currently trying to build a dividend pie on M1. Currently sitting at 45% JEPI, 25% SPHD, 15% ARKK, and 15% ARKW. My goal is to get this pie to self-buy once a month, then focus on building a portfolio of high-quality dividend singles. ARK's are in there to add a little growth to it. + +I added QYLD in there for about a week, but felt like it was too good to true so kicked it out. I've read in this group, for a while, that lots of people are bullish on QYLD and SCHD, but I have really mixed feelings on them not being right for my plan, so I'm wanting to get some feedback on my current pie. + +Should I add or take away or is there a hole in my plan (M1 Pie) that I'm not seeing? Thanks :) + +Edit: Bogle Lazy 3-Fund: 72% VTI, 20% VXUS, 8% BND +Have you all noticed how high the fucking morale is during the weekends? + +It literally shows how many paid shills are online during market hours. It is freaking incredible how much better this sub is during the weekend. I'm just scrolling and everything is positive. No one is tired, everyone knows what is coming. Everyone is jacked to the tits not because of dates but because we all know the DD is right. + +Fuck Kenny. Fuck Gabriel. Fuck Steven. Y'all can suck my dick when your interns show you this on Monday morning when you get to the office. + +And you - Love y'all. Diamond Hands. Investors are winning. Shorts are getting their assholes penetrated without lube. These fucking shills just prove it. I'm not selling shit. All I do is BUY GME and Buy at Gamestop. Thanks for board games and security cameras Ryan. + +&#x200B; + +Fuck I'm jacked to the tits again. +My initial question was gonna be: + +“How do you stay focused on your goal, with succumbing to competitiveness, spending and flexing, on your way to FF?” + +But I realized there’s more to it: + +I’m not FatFIRE material*. I’ve made a lot money (over 5m net) from a young age (25), but at this point (38) have almost nothing to show for it (NW almost back to zero), due to irresponsible behavior. + +I recently realized being bipolar has a lot to do with it (never knew it’s a known symptom), and I’m doing a lot better, expecting FatFIRE in 4-5 years. + +Still I can’t shake the feeling that “I’m too old” (especially reading some posts here from people who reached FatFIRE in their 30’s), or that I wasted my life or my 30’s and could’ve achieved financial freedom almost a decade ago. + +Also, I still have moments where my ego takes over and I feel the need to “flex” and blow money away. I’m worried it will fuck up my path, and that my story will remain one if a talented guy who can make lots of money but will never reach financial bliss. + +* finally, reading this sub makes me feel like most people here have this built-in immunity to immature behavior, ego-based decisions, competitiveness in terms of status symbols etc... + +Am I right? Are the odds against me? Or is there something I can do to be “healthier” in my mindset? Does anyone else struggle with these thoughts? +Not sure this is the best place to post this. Just what the title says, I have an aqua credit card, parents wanted to use it for a car when we went to the US on holiday but never used it for that , have used it on other stuff. We're in Scotland. Parents can't really afford to pay it off, dad doesn't work. I earn about £800 a month. + +Just wanting to know what the best options are, I am incredibly stressed with it all. +Update: Im going to pay the bills due in June and extra funds will go to my credit card. For those that tried to help, thank you. + +It's April, which means I get three paychecks this month. + +Normally, I pay my rent with on check and all my other bills with the other. I go back and forth living paycheck to paycheck. + +My credit card is pretty much maxed out at $5.3k and I don't have savings. + +With April being a 3-check month, I have two options: + +Option 1 is to get a whole month ahead on my rent. I can pay my May rent very early and therefore have a buffer where I can skip rent for the month if needed. + +Option 2 is to make a big payment to my credit card that'll get it under $4k. + +IDK what to do, so I'm here asking what y'all would do. +I’m new to investing sadly. My wife and I just sold 2 homes and building in another state. For the next year we are renting. We’d like to put our home profits to work ($200k) ETFs seem fairly safe for the short team. Any suggestions on a diverse and lucrative portfolio for us to maximize returns with minimum risk over the next year? +Just looked at my tangerine savings account and winced. 0.2% interest. I want to be able to access my money within 3 to 6 months of notice, and the 0.9% interest on short term GICs barely seems worth bothering with the inconvenience of having it tied down either. +H&R REIT (HR-UN.TO) has presented us their long awaited spin off plan. However, the new spin off plan was not as I anticipated. As revealed, they will be creating only 1 new enclosed mall retail REIT (Likely PMZ.UN, known as Primaris). PMZ.UN will be almost exclusively of enclosed malls in secondary markets. HR.UN will retain the rest and sell off select assets. + +HR.UN goal is to sell their USA grocery anchored joint venture retail (ECHO), and some offices. Some offices will be retained for redevelopment. It is likely HR.UN will remain as it is today, less the enclosed malls through the Spin Off, less their USA retail joint venture called ECHO through a sale (which was a good grocery anchored asset), and will slowly sell off the office properties as opportunities present themselves, in a manner that will not create excess realized gains to ensure HR.UN can retain as much cash as possible for residential and industrial developments. This will take time. + +&#x200B; + +\------------- + +&#x200B; + +**Primaris REIT** + +This REIT is mostly secondary enclosed malls. Arguably, one of the worst of all REIT asset classes. 94% of the portfolio is enclosed malls primarily in secondary markets, 34% of those assets are in Alberta, 5% Manitoba, and 4% New Brunswick. HOOPP (Healthcare of Ontario Pension Plan) is providing \~ 3.8M Square Feet of enclosed malls, valued at about 26% of assets, and in return will hold about 26% of the new REIT. In my view, this is a way for both HOOPP and HR to dump their enclosed mall portfolio in a bundled up pure play secondary enclosed mall portfolio. This REIT will be of low debt, around 30%. I would view this as a necessity, as banks do not like to offer high LTV ratio against enclosed malls, and HR will likely need to do hefty buybacks to sustain the REIT's discount to NAV. Also, HR is trying to have this REIT obtain an investment grade credit rating. I am not sure if this will be possible, due to the asset class. Not many REITs in Canada have an investment grade credit (HR, REI, AP, SMU, SRU, FCR). As a H&R unit owner myself, I would sell this spin off once the units are received. This is one of the lowest demand portfolios out there for investors and will always trade at a discount IMO. + +This secondary location enclosed mall portfolio I expect will fetch a 20%-30% discount to NAV. Worse than my original estimated 15-20% discount. As I reviewed the portfolio in depth, the more I can see these are mostly sustainable, but lower investment demand secondary properties, with a few higher potential properties bundled in (Dufferin, Orchard Park). + +&#x200B; + +\------------- + +&#x200B; + +**The NEW HR.UN** + +&#x200B; + +HR.UN will be a better REIT than it is today by removing its enclosed mall portfolio, but will retain its diversified structure for at least 5 years. This reduces the immediate upside to the REIT to close the discount to NAV, which is the biggest disappointment to this plan. Long term, however, it is better for investors, as over the next 5 years they will retain as much cash as possible while developing their residential through self funding (by selling their office holdings). As HR.UN will continue to be diversified, ***it will continue to fetch a diversified discount,*** similar to what we are seeing today. One reason management decided to keep industrial with residential, was to maintain their investment grade credit rating. Either industrial or Residential on their own, would be too small for an investment credit rating. + +The end result is 1 REIT (Primaris) in a very low demand secondary enclosed mall portfolio, and a diversified REIT of Office (Slowly sell off over 5 years), USA Retail (which is a joint venture and will be sold off likely soon), Residential, and Industrial. Their residential is the crown jewel. The industrial portfolio is a great asset, but holds a portfolio of around 50% ownership, making it much more difficult to fetch a top premium to NAV when they eventually sell it (over 5 years down the road). + +&#x200B; + +\------------- + +&#x200B; + +**Spin Off Discounts to NAV Estimates** + +&#x200B; + +Retail(Mostly retail, some residential developments) will likely get a 20-25% discount, depending on how aggressive their buyback strategy is to support the price, and HR (Office, Residential, and Industrial) will likely get a smaller 12-20% discount. The discount on HR will narrow as they sell their office, but this is their 5 year plan. I believe HR's IFRS NAV estimates are in line with their true value. HR went through a large IFRS write down in 2020. + +&#x200B; + +A 15% discount to current NAV (22.29 - 15%) = $18.95 + +A 20% discount to current NAV (22.29 - 20%) = $17.83 + +A 25% discount to current NAV (22.29 - 25%) = $16.72 + +&#x200B; + +NAV I do expect to go higher, so adjust your estimate accordingly. The question is, how much will the market discount the Retail and Diversified REITs to NAV?  Note, Enclosed Mall will be about $5.50 of NAV (1/4), while the remaining is around $16.98 (3/4) of current stated NAV. + +&#x200B; + +Primaris' 94% secondary market of enclosed malls has one of the lowest investor demands out there for a REIT, even as a pure play entity. Even as a deep value play, I do expect it to be out of favor, and will need a high distribution yield to entice value investors to hold in their portfolio. That yield will come with a low unit price below NAV. The yield on this REIT is planned at 20 cents, which is around 3.6% yield. This is not enticing. An enclosed mall portfolio around a 6% yield would be more in line with the market. That would mean Primaris would trade at $3.60/unit (If NAV is $5.50), which would imply a 40% discount to NAV. The final result will be interesting to watch, and for everyone's sake, lets hope we don't see a 40% discount to NAV trading price. Would you hold an enclosed mall REIT in secondary markets for less than 6% yield? + +For diversified discount, we can look at HR as it is right now, which is trading at a 25% discount to NAV. Remove some of the discount due to Retail being removed, and lets say a 12-20% discount to NAV. Obviously 12% being the best case scenario, and 20% being the worst. 12% I do not believe will happen overnight but may be reached over the 5 year timeframe. + +&#x200B; + +Average it out around 20% after the spin off between the two, and we are looking at $17.83/unit combined. This is disappointing. The discount to NAV on HR.UN should compress, as they continue to sell off their Office and become more of a pure play REIT. But this will take time, and even after 5 years it will still be, as presented, a Residential/Industrial REIT, not a pure play REIT. + +&#x200B; + +Keep in mind the fact that HR's total distributions after spin off, is only going up to 72 cents. A far cry to pre-pandemic's $1.38/unit. Income investors will be lost, but investors looking for long term capital gains may increase. + +&#x200B; + +A special distribution will be announced likely during the Q3 Earnings as they earlier stated. The unit price should drop the same amount as the special distribution that is declared on ex dividend. When announced, it should support the unit price until ex dividend. + +So yes, there is upside. Upside to $17.50-$19.00 is very likely, depending on forward NAV upward revisions (CAP rate compression coming out of the pandemic) + +&#x200B; + +\------------- + +&#x200B; + +&#x200B; + +**Personal Investment Strategy** + +&#x200B; + +My personal strategy, as I have mentioned many times, is a 30% 12 month return target. I do not believe HR will provide that to me going forward. The risk/reward here is not enticing. A 30% return would imply HR would trade at full NAV in 12 months, which I do not believe is likely. I am moving HR to my more permanent long term income focused holdings (smaller position), as I do like the long term strategy in HR.UN. I will sell Primaris once the units are distributed. Other holdings I would put in this long term holding category would be AP, REI, FCR. Great REITs, but not going to reach my 30% annual return targets. So in turn, I will sell some (but not all) of my HR, and continue my strategy for 30% annual returns. This is currently targeted by purchasing MPCT (\~40% Upside to NAV), AX (\~45% Upside to NAV), and D (\~38% Upside to NAV when Eglinton is approved). I do not believe these 3 will trade at NAV, but for their own individual reasons, I do believe their 12 months returns will be much higher than HR from here. + +&#x200B; + +\------------- + +**Disclosure** + +&#x200B; + +I own HR and have owned HR for a while, will sell HR into strength, will likely hold a small position in HR.UN as a long term holding, and sell the Primaris spin off. I do believe in HR.UN's longer term strategy, but it does not line up with my personal strategy for the majority of my portfolio as outlined above. There is a chance H&R's spin off will not be approved by unit holders. I do not want to get into this discussion, but it is a possibility to be aware of.Do your own research. This is not financial advice. + +&#x200B; + +\------------- + +&#x200B; + +Finally, I have been writing up on H&R for quite a while, providing my personal opinions. Although the summer has been weak for most REITs, I am happy the end result has been a positive return on investment to my readers. Again, always do your own due diligence. I cannot predict the future, but do my best due diligence in effort to obtain the lowest risk and highest return I am capable of on a small basket of individual REITs/Stocks through public information. + +&#x200B; + +\------------- + +&#x200B; + +**Here are some research links for your review:** + +&#x200B; + +[https://www.hr-reit.com/wp-content/uploads/2021/10/Primaris-REIT-Investor-Presentation-FINAL.pdf](https://www.hr-reit.com/wp-content/uploads/2021/10/Primaris-REIT-Investor-Presentation-FINAL.pdf) + +&#x200B; + +[https://www.hr-reit.com/wp-content/uploads/2021/10/HR-Post-Spin-Investor-Design\_Investor-Presentation-Final.pdf](https://www.hr-reit.com/wp-content/uploads/2021/10/HR-Post-Spin-Investor-Design_Investor-Presentation-Final.pdf) + +&#x200B; + +[https://www.hr-reit.com/wp-content/uploads/2021/10/Final-Revised-Strategic-Repositioning-Oct-2721.pdf](https://www.hr-reit.com/wp-content/uploads/2021/10/Final-Revised-Strategic-Repositioning-Oct-2721.pdf) + +&#x200B; + +\------------- + +&#x200B; + +Recent Write Ups on Dream Impact (MPCT-UN.TO) and Artis REIT (AX-UN.TO) + +[https://www.reddit.com/r/CanadianInvestor/comments/qemxso/dream\_impact\_reit\_mpctunto\_by\_retiredceo\_toronto/](https://www.reddit.com/r/CanadianInvestor/comments/qemxso/dream_impact_reit_mpctunto_by_retiredceo_toronto/) + +&#x200B; + +[https://www.reddit.com/r/CanadianInvestor/comments/qa4hbv/artis\_reit\_by\_retiredceo\_a\_sandpiper\_target/](https://www.reddit.com/r/CanadianInvestor/comments/qa4hbv/artis_reit_by_retiredceo_a_sandpiper_target/) + **Hi everyone!** + +I've been wanting to invest for a couple of years now, but always felt a bit anxious and put it off for later. I'm finally comfortable enough to start, however, I feel like I need some advice from more experienced people like you guys :) + +TL;DR: Should I DCA (overall and now in recession)? What ETFs (specific indexes and accumulating vs distributing)? What broker? + +**Background:** + +* I'm a 20yo, based in Poland, Europe +* I have a "stable" job (can't be certain in the current worlds situation, but I have the luxury of working in IT and having pretty demandable skills, so I can consider it pretty stable) +* Currently sitting on around 120K PLN in checking account (\~25k €/ 27k $) +* Income of around 10k PLN per month (\~2.2k €/ 2.3k $) +* I'm pretty frugal and due to my current lifestyle (still living with my parents), have 0 fixed expenses and little to none variable expenses, saving rate averages 80-90% +* I'm not 100% sure whether I won't need this money in the short/mid-term future, but I don't think I'll want to buy a house/car (or other big expenses) in the next 10-15 years + +**Goals:** + +* Take advantage of my current situation (pretty high income in my country at young age) to accelerate growth of my net worth and make my money work for me +* I've read a lot about FIRE and I'm considering it, however I'm still very young and uncertain about my future AND love my job overall, I still like the idea of being independent of work income though +* Have a fairly simple investing plan, buy & hold, probably just use dollar cost averaging, so that I don't have to spend much time observing the market + +**Questions:** + +* How much should I keep as an emergency fund considering the fact that I barely have any living expenses and the current pandemic + recession situation? +* Overall I planned to invest 10k PLN a month using the accumulated funds and my income. Should I adjust this simple strategy to take more advantage of stock prices during this recession? For example, invest another X amount each time a market drops a certain %? I'm aware that it might take a couple of years for the market to recover from the recession, but a possibility to acquire stocks with prices from 5 years ago might not happen soon after this. +* Since I plan to buy & hold and possibly live off of it, I'm interested in companies paying out dividends to maximize the compounding effect. From what I understand with my limited knowledge and little time to track the news, I should invest in an index fund rather than individual companies? What ETFs would you recommend? Should I just track the global economy? +* \[EU Question\] Considering the dividends, are there any advantages of accumulating ETFs over distributing ETFs? I think both are taxes with capital gain tax (18%) while the accumulating ETF tax would be postponed until the sale of shares. Which is better for the investment stage and withdrawal stage of the portfolio? +* \[EU Question\] What broker should I use? I've investigated the following ones: + +1. Trading212 - Seems perfect with zero fees, intuitive user interface, however, does not seem well established, lacks the possibility of asset transfer and from what I understand only 20k € is insured, this limit would be reached in less than a year. I already opened an account with around 100$ to test their platform and overall I'm satisfied with it. +2. Interactive Brokers - The fees should be 3$+/month (since I'm under 26), well established and insured up to 250k $ (?), does it justify the fees which most likely will eat up all of the income? Also, the user interface seems really unintuitive. +3. Schwabs International - No fees, well established and insured, however, requires a deposit of 25k+ $ and I think as a European I can only trade individual US stocks there and not the ETFs? + +Thank you guys for reading the whole thing and leaving your feedback! :) +Hi everyone, + +I have about 150k in a savings account (not invested anywhere) that I want to put into index funds. I assume I shouldn't transfer that immediately into index funds, in case the market goes down, and to spread risk I should invest it gradually. Does anyone have any guidance on how quickly to transfer it? (E.g. put 10% every month for 10 months? 5% every month for 20 months). + +Any guidance would be much appreciated, so thanks in advance! +How do I make this grow/work for me. I don’t really need it right now and could wait at least a year before touching it. Any advice? + +Pushing 40 here and about to retire from military. Will continue working with a pension coming in. +Hi, 22M here. I'm reading into how much one should have saved by a certain age. It said that one should have saved .5x one's salary by the age of 25. Due to covid I took a pay cut and now make around $30000 a year. I have put all my savings into the stock market when it was very low. I put in about $40000. I'm scared of the market crashing again and losing money, but savings account annual return % dropped from 1.3% to 0.80%. Would you consider putting money into stocks to be the same as saving it? Also would you recommend to just save money into a savings account or just keep investing into the stock market and hold my funds in their instead? Thank you for your time. +https://www.theverge.com/2017/9/7/16270808/equifax-data-breach-us-identity-theft + +There was a hack affecting up to 143 million Americans, possibly including credit cards, SS numbers, loan history, etc. + +Edit: I have read over the rules and I hope that this doesn't violate them. +https://www.cnbc.com/2022/04/16/elon-musk-funding-secured-tweets-ruled-false-new-court-filing-suggests.html + +In a court filing out late Friday, shareholders who are suing Tesla and CEO Elon Musk over alleged securities fraud said they won part of a critical ruling in their class-action lawsuit. The shareholders are suing Tesla over money they lost after Musk tweeted in 2018 that he was considering taking his electric vehicle company private at $420 per share and said he had funding secured to do so. Tesla’s stock trading initially halted, then shares were highly volatile for weeks after the tweets. Musk later said that he had been in discussions with Saudi Arabia’s sovereign wealth fund and felt confident that funding would come through at his proposed price. A deal never materialized. The Securities and Exchange Commission investigated and charged Musk with civil securities fraud as a result of those tweets. Tesla and Musk struck a revised settlement agreement in 2019 over those charges, but Musk is trying to terminate that agreement now. + +Damages from the shareholders’ class-action lawsuit could amount to billions of dollars that would be paid by Musk and Tesla to those who are members of the class. The shareholders’ attorneys said in the filing out Friday that Judge Edward M. Chen, who is presiding in this matter, had concluded that Musk acted with scienter — in other words, that he knowingly made false statements about having funding secured when he tweeted. This information was revealed in a request the shareholders’ lawyers made for a temporary restraining order against Musk to stop him from making further public remarks about aspects of this case, as he did during a widely viewed appearance at the TED 2022 conference on April 14. Musk also said, “The SEC knew that funding was secured but they pursued an active, public investigation nonetheless at the time. Tesla was in a precarious financial situation. And I was told by the banks that if I did not agree to settle with the SEC that they would, the banks would cease providing working capital and Tesla would go bankrupt immediately. So that’s like having a gun to your child’s head. I was forced to concede to the SEC unlawfully.” + +It’s not clear why Musk felt he may have been unable to obtain working capital for Tesla, but confident he could muster the billions required to take the company private at the same time. Musk is currently the richest person in the world on paper, and is trying to acquire Twitter, his social media platform of choice, and take it private for around $43 billion. Musk’s attorney Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan, said in a statement emailed to CNBC: “Nothing will ever change the truth which is that Elon Musk was considering taking Tesla private and could have - all that’s left some half decade later is random plaintiffs’ lawyers trying to make a buck and others trying to block that truth from coming to light all to the detriment of free speech.” +I just got approved for an apartment (NSW), but the rental agent is asking for the bond to be lodged into her trust account for the first 6 months rather than government-run system. After the first 6 months she will lodge it through the official channels. + +When I asked why, she replied that it was tax beneficial for the owner. + +Obviously something is a bit shonky here. Anyone got some ideas about what the agent/owner are up to? +Hello apes, Smoothbrain 1337 here, and I feel like we may be overlooking a very obvious hint. + +On Sunday, Aug 15th, if you were subscribed to the game stop newsletter where they showcase upcoming discounts and products. You would have received this email: + +&#x200B; + +&#x200B; + +[borrowed from u\/DutchScot90](https://preview.redd.it/zt8s8x961ck71.jpg?width=1080&format=pjpg&auto=webp&s=97cc0c0de6b6cfa731a0f712c9f0f6fc1b3318e1) + +&#x200B; + +Something was different. The color used was Green and the products advertised were headphones. + +&#x200B; + +https://preview.redd.it/cs6o72x55ck71.png?width=1408&format=png&auto=webp&s=cf8aff5c61f5f4e8ecf7c9b3471b042198586375 + +&#x200B; + +&#x200B; + +https://preview.redd.it/ail49es1jck71.png?width=972&format=png&auto=webp&s=059474cf04b1ce0798b2a2bd0dc27a4942522932 + +&#x200B; + +that was the newsletter for Sunday Aug 15th. The following trading week Aug 23-27 was quite juicy. + +&#x200B; + +[Gme up $42 Aug 23-27 with HIGH Volume](https://preview.redd.it/518ir53l2ck71.png?width=1348&format=png&auto=webp&s=8bbe8b3c450b8aec0a337a52b53cd8f17d703125) + +Prior to this we've been seeing low volume even at times less than 1m for an entire trading day, suddenly we get 1m volume within the first hour? Interesting. + +[DutchScots original post here](https://www.reddit.com/r/Superstonk/comments/p52bfx/gamestop_weekly_ad_in_green_instead_of_the_usual/) + +&#x200B; + +Interesting how they let us know we would be in for a green week with high volume a week in advance + +Guess what color was the newsletter for Aug 22nd? + +&#x200B; + +[Borrowed From u\/LetsBeatTheStreet](https://preview.redd.it/fxeqzt573ck71.jpg?width=640&format=pjpg&auto=webp&s=eb8afb4f68e9fb0c90f0ed039b958397e7a8a895) + +[Original Post Here](https://www.reddit.com/r/Superstonk/comments/p9o8q3/gamestop_weekly_ad_82221_looks_like/) + +&#x200B; + +https://preview.redd.it/7pomvg4vkck71.png?width=1776&format=png&auto=webp&s=48e5da9aae0ad6151d435c8e82ed0f9657ad8493 + +[Looks Like NFT Purple to me! \(Plz note there is a gradient so purple is not absolute\)](https://preview.redd.it/qmms2s0tick71.png?width=948&format=png&auto=webp&s=5296c55898f7e3499ac1d84a0a49246c174b916b) + +[https://nft.gamestop.com/](https://nft.gamestop.com/) + +&#x200B; + +https://preview.redd.it/5m4nwiqrkck71.png?width=1346&format=png&auto=webp&s=9360a1811efaae0c165c36294a7e2b4ac382dda6 + +Let's also look at the products being advertised: JUDGEMENT? HMM + +&#x200B; + +edit: U/[**Snoo\_75309**](https://www.reddit.com/user/Snoo_75309/) pointed out that a company named Black DRAGON recently announced an NFT Dividend. up here we see Yakuza: LIKE A DRAGON. + +[Other Companies Announcing NFT Dividend](https://www.reddit.com/r/Superstonk/comments/pdoffq/gme_isnt_the_only_stonk_releasing_a_nft_dividend/?utm_medium=android_app&utm_source=share) + +That's not all we got, we got plenty of tit jacking tweets from Gamestop, RC himself, and the NFT TEAM! + +&#x200B; + +[Literal rocket and countdown](https://preview.redd.it/rajxikpc4ck71.png?width=1204&format=png&auto=webp&s=cb3aba87ffa9371f930f665b1a1bfbb1ae3bf244) + +&#x200B; + +&#x200B; + +&#x200B; + +[Tits Jacked for GME NFT Designer](https://preview.redd.it/def8m09f4ck71.png?width=1208&format=png&auto=webp&s=c5b5e1e700a982df4a905a0ed1258a5a0a231e18) + +&#x200B; + +&#x200B; + +[Time to party?](https://preview.redd.it/qq4uy0ei4ck71.png?width=1202&format=png&auto=webp&s=324831ff75b523e5961bf75804f78c5c9331fbd2) + +&#x200B; + +TLDR: Gamestop gave us a green newsletter with headphones (Volume) on Aug 15th, the following week we got just that. On Aug 22nd they gave us an NFT Purple newsletter, what's going to happen this week? +# I predict my favorite MOVIE and GAME stocks will be on 🔥 September 15, 2021 + +# 3 month [\#Euro](https://twitter.com/hashtag/Euro?src=hashtag_click) dollar contracts are used as the shortest maturity instruments on an Interest Rate Swap curve that references 3m Libor. + +Every 3 months one of these futures contracts expires, and the instruments used to build the curve are “rolled” by three months (to include a [\#NEW](https://twitter.com/hashtag/NEW?src=hashtag_click), longer contract). + +https://preview.redd.it/yxmiffazcmn71.jpg?width=1119&format=pjpg&auto=webp&s=fb17877571d0298cd7d87c676dc52dd3cb649c1a + +**These expiration dates are quite a “thing” in** [**#CREDIT**](https://twitter.com/hashtag/CREDIT?src=hashtag_click) **DEFAULT SWAPS trading -SO MUCH that the dates themselves are part of the vernacular and commonly referred to as "IMM dates".** + +https://preview.redd.it/e5mvjydxcmn71.jpg?width=1201&format=pjpg&auto=webp&s=56ecf6e913eef847b403231af1e7974a4044bcba + +IMM stands for International Monetary Market. + +**The 3rd Wednesday of each** [**September**](https://twitter.com/hashtag/September?src=hashtag_click) **is 1 of 2 semi-annual maturity dates for these Futures "**[**Eurodollar**](https://twitter.com/hashtag/Eurodollar?src=hashtag_click)**"** [**contracts**](https://twitter.com/hashtag/contracts?src=hashtag_click)**; "The final date to which fixed and floating amounts accrue."** + +https://preview.redd.it/mwyw2850dmn71.jpg?width=1886&format=pjpg&auto=webp&s=6a5f9258c166c541c666f753d3101bb72434d19b + +These [derivatives](https://twitter.com/hashtag/derivatives?src=hashtag_click) have a Block [Trade](https://twitter.com/hashtag/Trade?src=hashtag_click) MINIMUM of 250 lots for Contracts with Remaining Tenor **UP TO & INCLUDING 12** [**years**](https://twitter.com/hashtag/years?src=hashtag_click), & 50 lots for [Contracts](https://twitter.com/hashtag/Contracts?src=hashtag_click) with Remaining Tenor [**greater**](https://twitter.com/hashtag/greater?src=hashtag_click) **than 12 years.** + +https://preview.redd.it/a8fgyy02dmn71.jpg?width=653&format=pjpg&auto=webp&s=1a0c90bb5407703329fde18061da2b50db2f78f9 + +# [Futures](https://twitter.com/hashtag/Futures?src=hashtag_click) [Contracts](https://twitter.com/hashtag/Contracts?src=hashtag_click) are frequently rolled on the [IMM](https://twitter.com/hashtag/IMM?src=hashtag_click) dates, making them among the [highest](https://twitter.com/hashtag/highest?src=hashtag_click) volume [trading](https://twitter.com/hashtag/trading?src=hashtag_click) days of the [year](https://twitter.com/hashtag/year?src=hashtag_click). + +# That's today [September](https://twitter.com/hashtag/September?src=hashtag_click) 15, 2021 + +# 🔥 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +&#x200B; + +# ****** Edit: + +# Received this in chat (after posting): + +https://preview.redd.it/sg85t0svemn71.jpg?width=1397&format=pjpg&auto=webp&s=15faa3225c0eb241c33d67b86fd15b5981f6aba0 + +# For those that don't know, these contracts also fall under a T+2 period so we'll see heavy volume action through Friday 9/17/2021. + +# BOOM BOOM CANDLES INCOMING! + +&#x200B; + +FYI: I've been banned by the moderators for not replying "nicely enough". + +That's cool. I don't really care if you all know about this or not. + +I'll take my posts elsewhere on /reddit in the future - enjoy your superstonks LOL + +I'll be posting on DDintoGME and AMCStock as well as other stock market threads. + +You can follow me on reddit or youtube for truths, or pretend like the idiots below that I "pay bots" to give me thumbs UP LMFAO what a loser. + +&#x200B; +Was talking in another thread where people were discussing how Moody's is lagging behind on ratings changes for these near defaulting companies. + +Which lead me down the route of checking who owns Moody's, which just so happens to be a public ticker ($MCO) + +It's [BERKSHIRE HATHAWAY (13%)](https://en.wikipedia.org/wiki/Moody%27s_Corporation) + +For reference, [Here's the list](https://imgur.com/NbXxuK2.jpg) + +&nbsp; + +They are refusing to downgrade because [Berkshire is the #1 holder of insurance companies that would have to pay out in the event of a crash.](https://www.reddit.com/r/Superstonk/comments/s2gd5w/we_may_be_missing_a_huge_piece_of_the_puzzle/) + +> BRK.A has a market cap of $636 billion. Number two on the list is a Chinese insurer with a market cap of $166 billion. + +> BRK.A owns over 70 insurance companies, including GEICO, General Re, and NRG. https://en.wikipedia.org/wiki/Berkshire_Hathaway But, I'm not singling out BRK.A here. I just didn't realize and felt it was worth noting. + +> State insurance regulators require insurers to maintain HUGE reserves. But they don't just hold cash. They invest it through the insurance company's general account in debt and equity. State regs require the investment portfolio to be conservative (which used to mean bond-heavy). But the insurers still have a shitload invested in equities. These reserves are deemed sufficient to satisfy state regulators, based on sign off of an actuary and accountant paid by the insurer, that the insurer has enough on hand to pay claims now and into the future. + + +And that my friends is how Warren Buffett, with his [8.4% ownership in BNY Mellon and the sauce they are smoking.](https://fintel.io/so/us/bk/berkshire-hathaway) got involved in being one of the financial backers of [trillions of Chinese debt](https://www.bloomberg.com/news/articles/2021-04-13/bny-mellon-opens-4-trillion-repo-niche-to-holders-of-china-debt) just before Evergrande got interesting. + + +He does not want a market crash, at all costs. Including delaying Moody's ratings to confirm the shitstorm. + +This is looking less and less like a [coincidence that BRK.A is inversely locked to GME] (https://imgur.com/4WIqkff.jpg) + +&nbsp; + +It also explains why Bill Gates was even [commenting on GameStop.](https://youtu.be/PVBdyYynDNE) + +> [The Bill & Melinda Gates Foundation’s portfolio has Berkshire Hathaway as its top holding with 50 million shares valued at over $11B.](https://www.investopedia.com/articles/markets/101215/what-bill-gatess-portfolio-looks.asp) + + + +&nbsp; + +On top of that, there's evidence that holders of BRK.A are already close to insolvent as their after hours pumps months ago. + +Whoever [gave Citadel $600m cash](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) now is in a world where [those bonds need 100% haircut.](https://www.businesswire.com/news/home/20210301005850/en/KBRA-Assigns-Ratings-to-Flagship-Citadel-Multi-Strategy-Hedge-Funds) + + +Speculating and extrapolating, based [on who owns BRK.A,](https://www.nasdaq.com/market-activity/stocks/brk-a/institutional-holdings) that also interacts with Citadel we get this list: + +BofA 908 shares ($397M) + +UBS 858 shares ($375M) + +Morgan Stanley 609 shares ($266M) + +BNY Mellon 346 shares ($151M) + +Wells Fargo 253 shares (sold 157 for some reason) ($110M) + +&nbsp; + +[That day](https://www.reddit.com/r/Superstonk/comments/qhb1vy/brka_after_hours_jumps_could_be_haircut_in_action/) = $504k AH, next day = $661k per share AH. + + +&nbsp; + + +Making it worth to each of these possible institutions: + + + +BofA 908 shares ($457M today AH, $600M value yesterday) so a $60-$203M jump in book value. + +UBS 858 shares ($430M today, $567M yesterday AH) a $55M-$192M Jump in book value. + +Morgan Stanley 609 shares ($307M today, $404M yesterday) a $41m-$138M jump. + +BNY Mellon 346 shares ($174M today, $230M yesterday) a $20-80M jump. + +Wells Fargo 253 shares ($128M, $168M respectively) +A $18-$58M jump. + + +Making just between the known entities Citadel works with. There was a net gain $194M in value this AH and $671M yesterday AH. + +Curious that Citadel got [$600m a few months ago](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) and then goes ahead with [$1.2 billion in outside funding](https://www.ft.com/content/188afc27-5c08-4b06-b066-d79522ed787e) + + +&nbsp; + + +So yeah, it could be [new haircut requirements](https://www.reddit.com/r/Superstonk/comments/qfona1/dtc_updates_collateral_haircut_100_haircut_means/) causing BRK.A to jump due to Citadel bonds no longer meeting collateral as they are BBB. + +Explains why [Ken is pumping articles like this](https://www.chicagobusiness.com/finance-banking/citadel-wellington-fund-beats-de-shaw-millennium-management-2021-returns), he's trying to get his ratings fixed. + +Edit: + +Then there's this + +>[Warren Buffett's Berkshire Hathaway bought close to 30 million shares of Nubank during its initial public offering this week, Bloomberg reported, likely costing it about $250 million at the IPO price of $9. The famed investor's conglomerate already piled $500 million into the Brazilian fintech in June.](https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-nubank-stock-ipo-sequoia-capital-munger-2021-12) + +> [Berkshire may have invested partly because of  Nubank's ties to Sequoia Capital. The storied venture-capital firm — an early backer of Apple, Google, and Airbnb — provided seed funding to Nubank in 2013, and now commands a stake worth over $8 billion following the digital lender's IPO. Moreover, Nubank's cofounder and CEO, David Vélez, is a former Sequoia partner.](https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-nubank-stock-ipo-sequoia-capital-munger-2021-12) +[https://www.cnbc.com/2021/03/29/ark-invests-arkx-space-exploration-etf-to-begin-trading-on-tuesday.html](https://www.cnbc.com/2021/03/29/ark-invests-arkx-space-exploration-etf-to-begin-trading-on-tuesday.html) + +Ark Invest, Cathie Wood’s firm with multiple actively managed exchanged-traded funds, will debut its latest fund on Tuesday: a [space exploration ETF](https://www.cnbc.com/2021/01/13/cathie-woods-ark-invest-plans-space-exploration-etf-arkx.html). + +The ETF’s [top 10 holdings](https://etfs.ark-funds.com/hubfs/1_Download_Files_ETF_Website/Fact_Sheets/ARKX_Factsheet.pdf) by weight: + +1. [Trimble](https://www.cnbc.com/quotes/TRMB) \- 8.3% +2. [The 3D Printing ETF](https://www.cnbc.com/quotes/?symbol=PRNT) \- 6.1% +3. [Kratos](https://www.cnbc.com/quotes/KTOS) \- 5.6% +4. [L3Harris](https://www.cnbc.com/quotes/LHX) \- 5% +5. [JD.com](https://www.cnbc.com/quotes/JD) \- 4.8% +6. [Komatsu](https://www.cnbc.com/quotes/6301.T-JP) \- 4.6% +7. [Lockheed Martin](https://www.cnbc.com/quotes/LMT) \- 4.5% +8. [Iridium](https://www.cnbc.com/quotes/IRDM) \- 4.3% +9. [Thales SA](https://www.cnbc.com/quotes/HO-FR) \- 4% +10. [Boeing](https://www.cnbc.com/quotes/BA) \- 3.6% + +Ark’s new fund also includes [Virgin Galactic](https://www.cnbc.com/quotes/SPCE) (1.95% weight) among [its 39 constituent holdings](https://ark-funds.com/arkx), as of Friday. + +Link to full holdings: [https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK\_SPACE\_EXPLORATION\_&\_INNOVATION\_ETF\_ARKX\_HOLDINGS.pdf](https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_SPACE_EXPLORATION_&_INNOVATION_ETF_ARKX_HOLDINGS.pdf) + +Any surprises here? For me it's the inclusion of 3d printing ETF, which makes sense. Also at #11 is Nvidia with 3.3%, #27 is Netflix with 1.25%. I'm not too familiar with the space theme so that's a bit surprising for me. +I'm 36yo and plan to semi-retire at 40ish -- my wife and I will work ~1/4 time and ramp down until we fully retire at 65yo. I'm just starting to realize how lonely it may be. Literally no one else I know has similar plans. While there are many stay at home wives in the area that my wife can hang out with, I know of zero young dads at home. Our kids will be in school and while I love spending time with my wife, I'm thinking I'm really going to miss the friends at work. + +Do any of you FIRE'd folks have this issue? Friends your age all working while you're off? +From how I see it, when you buy an options contract, you are handing money directly to a hedgie to write it. Then when it remains a loss or worthless it's entire lifetime, you essentially just gave the shorting broker your money and have no shares to show for it. Every week we see prices carefully and gracefully manipulated to make the maximum amount of contracts worthless, so is there something I'm missing? Please let me know what all this talk about Options is, and why there is suddenly SO MANY PEOPLE talking about options in comments like we're back in W$B and think Loss Pr0n is the ultimate goal in life? + +&#x200B; + +Also, I know about Criand's DD, and he specifically mentions to ONLY buy options if you know what you're doing. So suddenly this forum is full of people who have an expert level knowledge of options, are very vocal about it, and are working VERY hard to sway people to accept and participate in it. But that's very dangerous, considering the Dunning Kruger effect. I would bet that 9 out of 10 people who think they know how to trade options, don't actually. However all 10 who read this will think of themselves as that 1 out of 10 that does. And when those proud 9 out of 10 actually hand over their money to Kenny only to have their options do nothing, they won't speak of it here, as that would require admitting they were wrong. So we'll have this echo chamber of ONLY people saying that they made money. + +&#x200B; + +Edit: Thanks everyone who was able to answer my question with the same or less level of Snark that I asked with. I'm still not 100% sold on Options being something that will HELP the MOASS and its definitely NOT A NEW TREND for people on this sub to shun the talk of Options trading: it was a common belief since February that Options have more of a chance to hold the rocket back. However, if the paradigm is changing and new, peer-reviewed consensus states that the big boys playing with options is going to do more good than bad to help the rocket liftoff, I'll shut up. +Hi Reddit, I'm a long time lurker. I wanted to know of any resource used to acquire property with over 30 units. I am planning to have at least $120K saved up and plan to buy a multi-unit property for $1-3 million. + +1) What websites (other than loopnet) are used to identify 25-30 unit properties with gross incomes of $10-20K/month? + +2) Would I have enough for down payment? + +3) If I have a credit score of over 775, what else would banks look for? + +4) Would it be best to partner with others? + +5) What factors do people look for when purchasing a "portfolio of properties" other than gross income and area? + +Thank you for your time and attention. +What would happen if I bought a call and a put of the same stock? +Let’s say I buy SPY, and I buy a call and a put of it for the same expiration date, obviously, one of them will make money, but as for the other one, will I just break even and have made no profit? Or is this a less risky way to buy options. I can’t think of the math on this so I was just wondering if this is a real strategy that people do? +There obviously will be a recession to combat inflation, my question is will this be a gradual decline (12-18 months) and then a bounce back? Or a quick bottoming out, stagnation and then growth? We’re already seeing evidence of a potential quick bottoming out as the paper handed folks have been out in full force on Wall Street and the crypto market the last 24 hours. +I have started to try and disassociate myself from just mindlesssley buying branded items for the sake of it where a generic one more than does the job. + +However I'm due to buy a hoover today. + +I bought a cheaper cordless one but it is useless so in this case I'm more inclined to try one of the branded ones. + +Any recommendations are appreciated. Is Dyson the way to go or are there others just as good thanks? +RC can interact with so many GME trolls, but he rarely does unless I think he is trying to tell us something, like the BCG situation. RC has always been cryptic and very low in his responses to people on twitter yet he responds to someone who has a similar (but way worse) product than GME will offer + +His interaction yesterday really makes me confident we will have our stock tokenized and 1for1 Dividends being issued and boy when that happens our favourite stock is going where even the James Webb telescope hasn't seen. +I am working on putting together a dividend portfolio following the model that Joseph Carlson lays out. Carlson advises to choose stocks with dividend yields 3% or higher. When taking a look at his portfolio, he holds several companies with dividend yields below this 3% benchmark (as low as .61%). + +Of the 20 stocks I've selected, 10 of them have yields below 3%. Is this advised? Should I keep these holdings and allocate my distributions to beat out 3%? Why 3%? +Johnson and Johnson is splitting Pharma from consumer (mainly due to talc liabilities) +And Pfizer is spinning off its consumer segment in a joint venture with Glaxo smith Klein. Does anyone have an idea why and what due you guys think about the new consumer goods companies from a dividend perspective? +This post is an attempt to compare my pre-FIRE expectations with my post-FIRE reality. + +**Background**: US, male, 50, single, no kids. + +**FIRE path**: 25 years in IT, originally as a developer, eventually as a project manager/architect. Discovered LBYM in my mid-20s. Reached FI in my early 40s, FIRED in my mid-40s. + +1. **Hobbies**. Pre-FIRE I thought that I would be able to spend 40-60+ hours a week working on my main hobby, open source development. After all, that was what I wanted to do with my life and the main reason why I planned to retire early. Post-FIRE, I discovered that a single hobby, no matter how exciting, can become a chore if you work on it non-stop. I ended up adding a couple more hobbies to the mix and taking occasional breaks. + +2. **Finances**. Pre-FIRE I was concerned that I would be constantly worried about running out of money once I was retired. Post-FIRE I find that I rarely think about money. I am more concerned about running out of time before I can do everything that I want to do. (Not having a family and a low SWR help.) + +3. **Stress**. I had a very stressful job at my MegaCorp and expected retirement to be peaceful and relaxing. Post-FIRE I realized that, if anything, I was underestimating just how stressed out I had been working 60-70+ hour weeks and managing projects. It took me a number of months to decompress and then I discovered the flip side of the coin: without the pressure, it was easy to become less productive and even lazy. It has been manageable so far, but it's something that I definitely didn't expect pre-FIRE. + +4. **Health**. Pre-FIRE I suspected that at least some of the health problems that I had developed were stress-related. I hoped that they would go away once I FIREd. It turns out that I was right for once: most of the problems did disappear shortly after I retired. + +5. **Exercise**. Pre-FIRE I hoped that, once I was retired, I would be able to resume the exercise routine which kept me in shape in my youth. Post-FIRE I discovered that it wasn't so simple: walking and hiking are fine, but the kind of moderately strenuous exercise that I did in my 20s is more likely to hurt than to help a 50-year-old body. I am currently looking into more gentle alternatives. + +6. **Spending**. Pre-FIRE I was somewhat concerned that my spending patterns may change in retirement. I didn't think it was likely because I had maintained essentially the same lifestyle that I expected to have in retirement during the pre-retirement phase. However, I was still worried that something major may come up. 3+ years into FIRE everything is going according to the plan. Of course, I have unexpected expenses now and then, but they all fall into well-understood categories. + +7. **Friends**. Pre-FIRE I was aware of the fact that some early retirees lose friends post-retirement, sometimes due to diverging lifestyles and sometimes because of envy. I hoped that it wouldn't happen to me because my friends were not "that kind of people". Luckily, I was right and retirement hasn't affected my relationships with my friends. + +[Edit: Formatting] + +[Edit 2: Thanks to all the well wishers!] + +[Edit 3: Thanks for the gold, kind stranger!] +Hey there, shills. + +I'm not going to scare you with a war story, calm down. + +Most of us are exactly the same as those who don't join. Same variety of intelligence, empathy, sense of self-worth, etc.... + +Circumstances play a stronger role, IMHO, than core values, regarding who joins and who doesn't. + +So yeah, I'm not special cuz I joined, and none of us would claim that either. Especially when we are older and have the benefit of hindsight and experience to criticize our previous decisions. + +But there's this underlying need to prove (not to any of you, but to ourselves) that we were right, that we fought hard to be heroes. To be honest and good. Nobody joins the Army to be the bad guy. + +So we join, we deploy, we fight, all that good stuff. + +Then we come home, where dealerships take advantage, banks take advantage, even the government takes advantage, of our naivety, our need for validation by the people we felt we were protecting. So all it takes is a flag or a "Support Our Troops" sign and we're suckered right in. + +Now, we get bombarded with comments about selling and taking profits from Cocaine Cramer, DMs for a job shilling, tons of MSM articles that we're losing a battle. + +Let me tell you shit bag shills a little story about the resilient little soldier you are currently "battling." + + + +In Basic, maybe 4 weeks in, I was in the laundry room waiting for my clothes to finish up. + +I get called out by a Drill Sergeant for being a lazy goldbricker and sent out to carry sandbags with a couple other guys who were actually fucking off (wrong place, wrong time, essentially, for me) + +I'm pissed, right? I'm not bullshitting with the guys, I'm not hiding from my duties, just waiting for laundry. + +Silly me, I decide to carry a sandbag in each hand, while everyone else is just carrying one in both arms. + +Just to prove that I wasn't doing anything wrong, I do more than the others. Cause I'm not a lazy bastard trying to do the bare minimum. + +He stops us and tells us to hold them out in front of us. + +So I'm trying to straight arm two full sandbags in the middle of the main area while he gets real close to my ear and calls me all sorts of names and tells me I'm just pretending to be motivated and I'm not gonna pull the wool over his eyes. He's going to break me, right? + +I still stood there, struggling with my two sandbags. Knees bent, almost squatting, pissing sweat from my forehead (literally, my forehead actually sprayed sweat in front of me, both cool and a horrible feeling), feeling so goddamn stupid for holding both bags, but not letting go. + +Cuz fuck him. He doesn't know what I've done to be there, in that moment, holding sandbags like an idiot, regretting every decision I ever made up to that point. + +He doesn't know I stood between my giant of a father and my tiny mother at 14 years old. + +He doesn't know I used to get the wind punched out of me almost once a week as a kid. + +He doesn't know my suffering, and that suffering is now my power. I'm Brad Pitt from Fight Club in that moment. I'm the Crow. I'm every psycho using this unfathomable pool of willpower to hold these fucking things while my elbows say "fuck this shit, I'm out" and my shoulders are redlining, and my hands are gripping so hard they could potentially crush coal into diamonds. + +He gave in first, and ordered me to drop one of the bags. In 6 years of military life, I never had another personal victory that was as satisfying. I won through sheer patience and willpower. It gave me the greatest lesson I ever needed to learn: + +I can meet the challenges that are put in front of me. Without money, without guns, without debate. + +Just me is good enough. + +And here I am now, holding my two heavy bags, down so much money I just want to hold Kenny upside down and shake it out of him. + +Shill all you want. +Threaten all you want. +Tell me I'm a loser, I'm poor, I'm absolutely fucking retarded. + +I'm not dropping my bags, you lil bitches. Never. + +Hooah! + +Edit: a word +Good Morning! + +So first up I went ahead and mapped out XRT's settlement periods based on RegSHO inclusion date. + +[As you can see here XRT FTDs are due basically every day after the 7th of Jan](https://preview.redd.it/ukto0td76mg81.png?width=1714&format=png&auto=webp&s=725ad56a2b961ae8607d940c3475014257c0194b) + +The problem with this for us is that it prevents the pile-up of FTDs giving far more time and dilution of FTDs instead of having them due on the same day. Which I think explains our current situation. Where we see increased volume but no significant price movement. Remember for price improvement to be realized from FTDs the FTDs must be in greater quantity than the CNS system can net settle. + +[3M average volume has risen from 2.3m to almost 3m today](https://preview.redd.it/sm248clb7mg81.png?width=2458&format=png&auto=webp&s=7959a69d1f35882da51977f5523b048b22833325) + +**January 6th** + +Directly before the after hours run on January 6th 4.2m shares of negative delta appears to have been exercised. This could explain the after market price action we saw. As XRT was being added to the RegSHO threshold list the following morning it was likely desirable to keep GME FTDs from being force settled. If this is the case then the MM would be holding the bags for these FTDs. T+2+35 from the 6th is February 14th. + +https://preview.redd.it/6bgwofbs9mg81.png?width=562&format=png&auto=webp&s=ea75bf14aeb8f0678030c383f09801cf32fb483d + +https://preview.redd.it/k90h9ndt9mg81.png?width=426&format=png&auto=webp&s=78a5c86f10b040412cdd523dbcf1fee081ddeb25 + +After January 6th Utilization on GME shortable shares skyrockets, as does GME borrow rate. + +[Hard to see due to the scaling so I drew a line from the 7th](https://preview.redd.it/83ku4zm6amg81.png?width=1595&format=png&auto=webp&s=d3f4ce06704982045c88868820be56f22cb10bee) + +**Gamma Girl Update** \- pending... + +**DIX pics** + +https://preview.redd.it/plg30v3iamg81.png?width=2510&format=png&auto=webp&s=7e9113cd0eb464c13154fa2e8014b6ec37e77326 + +Today is the last significant day of ETF FTDs but without the pile-up from XRT FTDs I expect we will have slightly higher than average volume but minimal price improvement. These FTDs continue on but the numbers after today should be diminished as the Nov-Dec period no longer overlap. Dec FTDs remain higher than average through Feb 14th then also fall off. The next best window for price improvement is the OPEX period surrounding Feb 18th, with possible price action on the 14th depending on the settlement of those exercised puts. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-market + +Nice little run into close, GME mostly followed the market trend today, but with FTDs due greatly outperformed. I wanna imagine what this would have been like without XRT on the threshold list being settled out on different dates than the rest of the FTDs. Anyway a small victory into close today and with the delta hedging on the run we could see a little improvement tomorrow as well. Thank you guys for tuning in and have a good night. + +\- Gherkinit 😉 + +https://preview.redd.it/bmgjrn46cog81.png?width=698&format=png&auto=webp&s=bb8dbac883bf70c198c8929389521db729094f90 + +Edit 3 1:43 + +Big head and Shoulders looks like they may be done covering, still some time for us to find floor and bounce but trend is reversed for now. + +https://preview.redd.it/n7vdp6iwmng81.png?width=1558&format=png&auto=webp&s=73b46563c9f382b0beca9ff673862041aab9cc45 + +Edit 2 11:44 + +Crossing the put/call reversal right now at 111 this is where the ramp starts to get pretty spicy, next resistances are 115/120 to the upside + +https://preview.redd.it/evlimy4q1ng81.png?width=1573&format=png&auto=webp&s=0d7d74c16b325d647956520d3cb92fe115f0e089 + +Edit 1 10:35 + +Stable open with the usual morning price spike, IBKR borrow rate up to 2.8%, and massive ITM and OTM far-dated call volume coming in $4.2m notional so far. + +https://preview.redd.it/isb541p9pmg81.png?width=1586&format=png&auto=webp&s=c99f27bb036d9b195b8cc4f64cc28a22c8f29c83 + +# Pre-Market Analysis + +Saw a little pre-market price improvement but have now fallen back down sitting slightly lower than close yesterday. + +Volume: 12.2k + +Max Pain: $105 (moving down) + +https://preview.redd.it/xtpvmf6qbmg81.png?width=2086&format=png&auto=webp&s=719a8111ab07d44ca9addbafc533dbb2345ac780 + +[Thanks to brave-vacation6792's gamma model](https://preview.redd.it/ojxtmbavbmg81.png?width=1459&format=png&auto=webp&s=1ffb71384a71df73611c2b8f26e6fc21ce081407) + +Shares to Borrow - + +IBKR - 250,000 @ 2.4% + +Fidelity - 151,126 @ 1.25% + +[GME pre-market 1m](https://preview.redd.it/v64mwbyfcmg81.png?width=1478&format=png&auto=webp&s=a158dd20e5a7e6081d4c9ad232f5d9581e9e17b0) + +TTM Squeeze + +https://preview.redd.it/ugps3a4qcmg81.png?width=2453&format=png&auto=webp&s=40daa3c2fc996fd41911135f1a0c2e801e571ad2 + +CV\_VWAP + +https://preview.redd.it/f0uh77dvcmg81.png?width=2451&format=png&auto=webp&s=da22cac93e3ffa50ef495fd9d0571be39a6a8abd + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +This is the official $GME Megathread for r/Superstonk. 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How many hours per day are active monitoring? Does working 1/2 days have an effect on overall returns? I am interested in setting up a routine to actively day trade for 3-4 hours per day, is this realistic? +I'm sharing my story with the hope that I can prevent people from following in my path, so gather round for a tale of youth and financial irresponsibility. + +I began investing in crypto in October 2017 when some co-workers of mine started getting into crypto. I didn't invest too much at first, but I almost made 10,000 dollars from XRP within two months, decided to ramp up my investments, then almost made another combined 10,000 from other coins. Well, I say "almost" because I never cashed out of course. I felt like things were only getting started in December 2017 and that my gains would skyrocket in 2018. I was getting more greedy and my mind ran wild with the financial possibilities of crypto. Days at work would be spent researching crypto and daydreaming about retiring before I'm 30. I felt like a Cryptodamus and that every crypto I invested in would produce crazy gains. I would always read "don't invest more than you can afford to lose," but would idiotically dismiss it just because I made lucky gains on some shitcoins. + +At first I would make Coinbase purchases with credit cards, then I moved on to taking out loans after Visa started considering credit card crypto purchases as cash advances. My dumbass figured "hey, I'll just use credit cards for everyday purchases and take out loans so I have money to invest in crypto now." Within the span of about 8 months I took out three loans totaling about 15,000 dollars. I treated crypto like a glorified casino and would constantly "buy the dip," telling myself it's just a really short bear market and the next bull run is just around the corner. What do I have to show for my crypto investments? A portfolio that's 77% down. I still buy crypto every now and then, but it's only a very little in order to DCA some of my investments. I should've been smarter and put just a little into crypto from each paycheck. The moment you start putting in more than you can afford to lose is the moment you need to step back and reevaluate your life. + +My reckless gambling has put me in a hole where I can barely stay financially afloat. Oh, did I mention I emptied out my savings back in 2018 to buy crypto? Yes, that was another blunder I strongly suggest no one else does. I managed to build my savings a bit back up, so now I'm almost 2 missed paychecks away from financial ruin instead of 1. My friends, family, and girlfriend have no idea how financially fucked I am right now. + +At this point I just want to cash out to pay back my loans and credit cards, but I'm at a point where cashing out wouldn't be enough money to pay them back, so it's not worth it. I figure I'll just weather the storm until a bull market returns. If it doesn't, I'll be picking up the pieces of this gamble for years. Good thing I'm only in my mid-20's I guess. Just don't do what I did. It's not fun having financial burdens (that you yourself created) looming over your head every day. + +TLDR: Recklessly gambled like a dumbass. Got rekt. Also, have a game plan for taking out profits. + + +[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!* +Following another record-high inflation reading and hawkish comments from Governor Bailey, expectations are for the Bank of England to finally join other major central banks and implement a larger 50bps rate hike at tomorrow’s meeting. + +Given that the market seems to have almost fully priced-in this outcome, traders will likely be paying greater attention to the forward guidance provided after the meeting. + +With the Fed and RBA recently stating that future decisions will be based on incoming economic data, a clear message that the BOE will prioritise bringing down inflation could help establish a relatively hawkish tone. Doing so would likely have a sustained impact on financial markets, potentially supporting GBP higher, while the FTSE could at risk of breaking back below its key 200-day MA as investors reposition for a more aggressive tightening cycle. + +Of course, it is important to remember all trading carries risk as the BOE could easily echo the tone struck by the Fed and RBA, or even surprise markets and go for another 25bps move. + +Either way, it will be interesting to see how the decision plays out in the markets over the coming months. +Hey everyone, + +I have been macro bearish for a while now on the S&P500 so saved up some dry powder (kept some cash on the side) . + +Given the recent S&P500 pull-down I’m wanting to buy-in using tranches. I was planning to buy VUSA as this seemed like a well respected etf for US exposure. However due to relative dollar strength and pound weakness VUSA has dropped far less than the S&P500 so feels like less of a compelling purchase at current prices. That’s when I discovered GSPX which is hedged to reflect the performance of the S&P500 & ignore currency fluctuations and just give you the returns in pounds. This fund is trading at a far greater discount so I went ahead and invested my first tranch of three into GSPX. + +My thesis is short term over-performance of the pound vs the dollar as the DXY blow-off top occurs but long term underperformance due to slower economic growth of the UK. Hence I was planning on going all in on GSPX in the next few months then selling for VUSA if the pound appreciates in a few months time. + +Are there any issues with my plan before I go all in? I have heard some quite strong sentiment against hedging but at the current exchange rate it seems like an ok idea to me- to capture the ‘discount’ on the S&P500. + +Thanks all! +24M. Already own some stocks in the FTSE 100. + +New to investing in funds though and wanted to shove some money in monthly and was wondering which would be best for me out of the two. I’m guessing it depends on if I’d want to focus on America or the global economy, they both appear to have performed well (though I know this doesn’t mean much for what could happen in the future). + +Does it matter that I might be investing in the S&P 500 using GBP? Sorry if that’s a dumb question. + +EDIT: or would it be worth going 50/50 on both? +Hey people, i’m a little (very) concerned about BG American Class A and I wanted to get the opinion of people smarter then me. + +At one point in time this fund was doing great and perhaps in hindsight I should have realised this was unsustainable and got out while things were good. Fast forward 27th April 2022 and i’m down 41% on my initial investment. The fund itself is down 23% in 2022 and 39.29% YTD. + +Truthfully, I have been checking this fund religiously (everyday) hoping it will turn a corner but it doesn’t look very promising. If anyone else is invested in the fund or has any thoughts i’d like to hear from you. + +https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F0GBR04RNT + +EDIT: Thanks everyone for all your sound advice and analysis. +According to the SEC, if anyone receives yield on any asset, that asset suddenly becomes a security! + +So millions of people owning apartments for rental income makes all of them operators of unregistered security schemes. It satisfies the Howey rule - the apartment owner receives rent based on the work of the tenant. The owner of the apartment themselves don't do any work to generate the rent, they just bought the apartment and put it out for rent. The tenant pays the rent. + +When the owner buys the apartment and rents it out, he does so with an expectation of profit based on the work of others. + +That makes it a clear security, according to the smooth brains over at the SEC! + +BOOM, just like that Gary Gensler became the owner of every single apartment thats put up for rent across USA. Its game over, everyone. + +If you own a rented out apartment, you must immediately contact your local SEC field office to "come in and talk". + +PS: Obviously, for those who dont pay attention to regulatory news, this is about Gensler/SEC claiming any token that has yield could potentially be a security.. + + +EEdit 2: One of the misconceptions comes from misunderstanding how staking technically works, and confusing that with lending activity like Celsius/Blokcfi. When you "stake" into a network, you dont give anyone control or rights over your coins, you dont form an investment contract. When you deposit coins on a centralised entity like Celsius, that is not staking no matter what Celsius or others may call that. That is just lending - you give them control of your assets, they generate returns for you (or in Celsius' case - losses). + +When you stake into a network, you actually run nodes, risk your assets for various lockup times, slashing penalties etc. There is no common enterprise - you are doing the work yourself by running validator nodes and producing blocks. There is an expectation of profit but not from the works of others. You are staking into a decentralized network, securing it and getting rewarded for your own activity. + +For a legal analysis of this, see: https://www.coincenter.org/does-the-merge-change-how-ethereum-is-regulated-no/ +First of all, I am incredibly privileged. When my grandpa passed away in March, I inherited $30,000. I had $10,000 saved up as well from working the prior summer and that $10,000 was already invested in the stock market. In high school I found out about stocks in my economics class and the day I turned 18 I invested every penny I had. + +Once again, I am privileged to be able to invest this money at all.. I have a college fund to pay my tuition, I don’t have to worry about when my next meal is coming, and I have the freedom to spend my money as I choose. + +Anyways, in March & April when the market crashed I decided it was time to really dive into the stock market. I spent about 5 hours every day researching companies and I’m here to share what I’ve learned. + +In my opinion, **the** **companies** **you** **invest** **in** **should** **be** **an** **extension** **of** **your** **worldview.** Where do you think the world will be in 10 years+ and what industries will prosper from the change. As I was raised in a liberal family and hold these values, I’m quite concerned with **Climate** **Change**. I’ve taken college classes in this realm since and learned more about the risks we face. I believe that any company whose mission revolves around mitigating the climate crisis will prosper in the coming decades. + +------------------------------------ + +That being said, I’ll list the companies I hold and a very brief synopsis of what they do and why I hold their stock. **Please** **do** **your** **own** **research**; this is only meant to introduce young investors to a certain mindset that I hold and the companies that I choose to support. + +-------------------------- + +1) **Tesla** **(TSLA)** + +portfolio weight: **22.86%** + +gain/loss **1026%** **gain** + +You guys all know what Tesla is about. They are the premier EV company with goals of cutting battery costs by 56% and producing 20,000,000+ cars in the decade. They also have a growing energy business with solar roofs, panels, battery storage and an autobidder software. Tesla is priced insanely high by traditional metrics. If these metrics are your investing style then it’s not for you. If you’re like me, and you look for companies to hold for decades then I believe Tesla is one of the best investments out there. What other company will benefit from the transition to renewables in response to climate change and changing political conditions? + +---------------------------------- + +2) **MP** **Materials** **(MP)** + +portfolio weight: **12.68%** + +gain/loss: **197%** **gain** + +MP is the only active rare earth mineral miner in the U.S. They produce neodymium concentrates which are important components in NDPR magnets; used in EV motors, wind turbines, electronics & much more. + +I bought MP during their early pre-merger days and have already seen considerable profits in a few months. I’ve been shaving this position to keep it around 10% because it is a commodity play which can be quite risky. That being said, rare earths are expected to appreciate substantially in price as EV demand increases. Furthermore, MP is moving downstream to refine their rare earths themselves, as they currently ship them to China to be refined, and in the future they plan on manufacturing their own NDPR batteries. This will increase their margins greatly. + +---------------------------------- + +3) **Planet** **13** **(PLNHF)** + +portfolio weight **5.35%** + +gain/loss: **147.71%** **gain** + +This one is a MJ stock and I’m focusing mostly on my Climate Change investments on this post so I’ll keep it brief. They own a superstore in Vegas and have their own brands. I believe the MJ industry is going to explode soon and PLNHF will benefit. + +-------------------------------------- + +4) **Jinko** **Solar** **(JKS)** + +portfolio weight: **4.91%** + +gain/loss: **268.88%** **gain** + +Jinko Solar is a leading solar panel manufacturer in China. They’ve seen market consolidation in China and are poised to benefit from increasing demand and incentives around solar energy. Specifically, South East Asia is expected to see dramatic growth in renewables as China/India are responsible for a large portion of global emissions and are also seeing considerable growth in GDP and population. It’s a play on the South East Asian economy and renewable industry. + +------------------------------------- + +5) **SolarEdge** **(SEDG)**: + +portfolio weight: **4.89%** + +gain/loss: **108.5%** **gain** + +SolarEdge is the global leader in panel inverters, which turn the sun’s D.C. current into usable electricity for households (A.C. current). The inverter space is a much more consolidated industry with higher margins than panels. They trade at a more expensive multiple and are expected to see dramatic top and bottom line growth in the coming years. Solar panels need inverters to perform; simple as that. With fewer companies focused on this space, I expect the top players to have a large market share and grow along with the solar energy market. SEDG is also expanding into the energy storage and EV charging markets with recent acquisitions. + +-------------------------------------- + +6) **Enphase** **Energy** **(ENPH)** + +portfolio weight: **4.43%** + +gain/loss: **203.08%** **gain** + +Enphase is also in the inverter market, with their differentiated microinverters. Micro Inverters are generally used in smaller systems and optimal for residential solar. Everything said above about the inverter market is true for Enphase as well. Enphase’s business goes beyond inverters though. They are targeting a full residential energy ecosystem, with storage and their “Enlighten” software App, which will manage home energy usage and sell excess energy back to the grid. Enphase is very much a play on a future decentralized microgrid, with homes trading energy to each other as prices fluctuate. + +------------------------------------------- + +7) **Canadian** **Solar** **(CSIQ)** + +portfolio weight: **4.42%** + +gain/loss: **118.32%** **gain** + +Canadian Solar is another panel manufacturing company. They are also seeing growth in market share as smaller players struggle during the pandemic. CSIQ is a low cost producer with residential, commercial and grid level projects. They are planning on expanding their recurring revenue stream through full and partial ownership of solar projects. You can read more about this on the IR page. CSIQ is a pure solar play with an international footprint and vast management expertise. They will certainly benefit from any movement towards renewables, especially if legislation is passed to set a price on carbon. + +-------------------------- + +8) **Lemonade** **(LMND)** + +portfolio weight: **3.93%** + +gain/loss: **112.52** **gain** + +Lemonade is not a climate change related investment. It’s highly speculative but I think their management team and business model is really cool so I put some money in (and quickly more than doubled it). I’ll be brief here, but basically they are a home/renter/pet insurance company that takes a flat 25% cut of premiums as revenue and uses the remaining money to pay out claims. They aim to align incentives by donating anything left over beyond the 25% to a charity of customers choosing. Also, their use of AI makes the registration and claims process seamless and “delights” customers. + +---------------------------- + +9) **TPI** **Composites** **(TPIC)** + +portfolio weight: **3.73%** + +gain/loss: **153.99%** **gain** + +TPIC manufacturers wind blade composites. They supply the top five wind turbine companies outside of China. I wrote about them on prior posts so I’ll just copy & paste here: +63% of total wind blade manufacturing is outsourced to companies like TPI and they are the market leader in this space with about 20% market share globally. The business currently has low margins, but they target a 12% EBITDA margin for the future, and they trade at a measly 0.74 P/S ratio currently. They are also expanding into EV composite manufacturing and have a contract with Workhorse to manufacture vehicle parts for them. +----------------------------- + +10) **Skyworks** **Solutions** **(SWKS)** + +portfolio weight: **2.83%** + +gain/loss: **60.57%** **gain** + +Skyworks is a semiconductor focused on connectivity chips for all kinds of devices. They aren’t climate change related which is the point of this post so I’ll leave it at that. + +---------------------------- + +11) **Tattooed** **Chef** **(TTCF)** + +portfolio weight: **2.65%** + +gain/loss: **55.90%** **gain** + +Tattooed Chef is a play on the rising plant-based food trend. They make a variety of frozen food items, widely available in Walmart, Costco and Target. They are expanding into Whole Foods, Trader Joe’s and many more stores, where I expect them to be very successful. The plant based market is exploding for a couple of reasons. Firstly, there is more research on the health benefits of a plant based diet, with athletes such as Chris Paul & Todd Gurley endorsing these brands. Also, consumers are becoming increasingly aware of the threat of climate change and how avoiding red meat can have a positive impact on the planet. I expect TTCF to benefit off of these trends and continue innovating in the plant-based space. I bought in 3 weeks ago and the price has exploded since then. + +------------------------- + +12) **Workhorse** **(WKHS)** + +portfolio weight: **2.60%** + +gain/loss: **35.90%** **gain** + +Workhorse is an electric delivery van company. They manufacture last mile electric vehicles and are developing drones to further decrease last mile delivery costs. They are a play on the e-commerce industry and electrification of vehicles. I’m invested in them because last mile delivery is responsible for a large chunk of transportation carbon emissions and in desperate need of electrification. I also believe that Workhorse will get a large chunk of the upcoming USPS contract which will provide a stable revenue stream. + +--------------------- + +13) **Aphria** **(APHA)** + +portfolio weight: **2.45%** + +gain/loss: **53%** **gain** + +Aphria is another MJ play for me. Once again they aren’t a climate change investment so I’ll keep it brief. They just finalized a merger with Tilray, making them the biggest cannabis producer in the world. They are based in Canada and I believe they will be the market leader in Europe, due to their infrastructure advantage through owning CC Pharma. + +---------------------------- + +14) **Vestas** **Wind** **Systems** **(VWDRY)** + +portfolio weight: **2.40%** + +gain/loss: **197.44%** **gain** + +Vestas is the global leader in wind turbine manufacturing and installation. They are one of the few pure wind plays in the stock market, making them an attractive choice for anybody looking to get exposure to wind. A big driver if future growth will be their service and maintainace business, which their management team has been focused on in recent quarters. This is a higher margin business with consistent recurring revenues. + +---------------------------- + +15) **Facebook** **(FB)** + +portfolio weight: **2.38%** + +gain/loss: **20.61%** **gain** + +I’m selling out of FB very soon but I still hold them for now. FB is an incredible business and I’m sure they’ll see growth in the future, but it just isn’t for me (anymore). I consider ethics a lot in my investments, which many of you may consider stupid but idc. + +--------------------------- + +16) **Hannon** **Armstrong** **(HASI)** + +portfolio weight: **2.18%** + +gain/loss: **57.40%** **gain** + +HASI is a REIT, which solely makes climate change related investments. They invest in the land under solar projects, energy efficient buildings and much more. HASI is a great dividend play and I expect their stock price to appreciate as climate change worries are exacerbated in the future. + +--------------------------- + +17) **Beyond** **Meat** **(BYND)** + +portfolio weight: **2.10%** + +gain/loss: **21.24%** **gain** + +I made a post with some DD earlier this year on Beyond so I’ll just link that below: + +https://www.reddit.com/r/stocks/comments/if9tmj/beyond_meat_bynd_fundamental_analysis_with_my/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +--------------------------- + +18) **Brookefield** **Renewable** **Partners** **(BEPC)** + +portfolio weight: **2.06%** + +gain/loss: **87.23%** **gain** + +BEPC owns and operates a portfolio of renewable energy assets. Earlier this year they completed a merger with Terraform Power, expanding their solar & wind footprint. They are also the primer owner of hydroelectric power plants, which produce a consistent source of electricity. BEPC has a strong management team and owns valuable assets that will greatly appreciate in value as government incentives expand around renewable energy consumption. They also pay a nice dividend. + +-------------------------- + + +19) **Disney** **(DIS)** + +portfolio weight: **2.03%** + +gain/loss: **50.06%** **gain** + +I’m invested in Disney mostly for some portfolio diversity. I’m a big fan of their streaming platform and business strategy revolving around that. This one isn’t climate change related so I’ll leave it at that. + +-------------------------- + + +20) **First** **Solar** **(FSLR)** + +portfolio weight: **1.84%** + +gain/loss: **70.47%** **gain** + +First Solar is an American based panel manufacturer and projects operator. They used differentiated technology with Cadmoum Telluride panels, which are supposed to increase output and lifetime at a higher cost. FSLR is just another play on the growing solar industry, and being U.S. based seems to reward them a higher earnings multiple in the market than their peers. They also have a beautiful balance sheet. + +-------------------------- + + +21) **Trulieve** **Cannabis** **(TCNFF)** + +portfolio weight: **1.44%** + +gain/loss: **5.33%** **gain** + +Trulieve is another Cannabis play. This one based in the U.S. with a large medical market in Florida. Nuff said. (Do your own research) + +-------------------------- + +22) **Star** **Peak** **Energy** **Transition** **(STPK)** + +portfolio weight **1.43%** + +gain/loss: **55.45%** **gain** + +Star peak is a brand new holding for me and already shot up like crazy. It’s one of these merger companies (the word is censored on this subreddit). merging with Stem energy storage. Stem is involved in the battery storage industry, with mostly grid level storage systems. They currently have an even larger market share than Tesla and my reason for holding this stock is mostly as a hedge against Tesla’s energy business. + +-------------------------- + + +23) **Shopify** **(SHOP)** + +portfolio weight: **1.10%** + +gain/loss: **18.19%** **gain** + +Shopify is an eCommerce platform, which allows customers to seamlessly design their own website and process payments. I’ve used Shopify in the past and am a big fan of the business, which is a big part of why I’m invested. They have a steep valuation but I plan on holding for 10+ years. + +-------------------------- + +Total gain: **181.52%** + +(Note: I’ve taken some profits on a few of my stocks so the unrealized gain from my current holdings is less than my “total” gain by a few % points.) + +-------------------------- + +Yes, I’m young and idealistic and have a lot to learn but I do know a few things. Here’s some of the lessons I’ve learned along my 1 and a half year journey in the market. + +-------------------------- + +1. By investing in a company, you are supporting them financially. Buying pressure on companies’ stocks increases the price and allows them to raise capital more efficiently. It might be hard to hear, but **when** **you** **buy** **Exxon** **stock**, **you** **are** **helping** **them** **destroy** **our** **planet**. The same is true vice versa. + +2. **Don’t** **listen** **to** **anybody** **on** **reddit**. Seriously. Nobody here knows any better than you. Do your own research, form your own judgements. If you’re gonna pick individual stocks then following advice on reddit is not the way to go. Reading through investor relations pages is the best way to go. Watch videos and read articles about both sides of the story with different companies. Don’t take these videos as facts though, just absorb what other people think and judge the validity of the information for yourself. It’s important to **become** **an** **independent** **thinker**. This is a slow process but eventually you’ll get the hang of things. + +3. **Invest** **with** **a** **10+** **year** **timeline**. This is especially true if you’re young like myself. Don’t concern yourself with daily or even monthly swings in a stock. Ask yourself if the company will be worth substantially more in a decade. If not, then say, if so then buy and hold. Don’t try to time the market or swing trade. You’re just bringing on unnecessary risk. Buy and hold and buy some more. + +4. **Assess** **your** **own** **risk** **tolerance**. As I’m sure several people will point out, my portfolio is incredibly speculative and risky from a traditional viewpoint. I have a really fucking high risk tolerance, so I invest with a “riskier” mindset. If I were to lose all my money tomorrow, I’d be fine. I’m going to have a college degree in a couple years and I’m not worried about being able to find a job. My reason for investing is about having the financial freedom to do whatever I want in life, and not worry about money in the future. If you’re investing for retirement or to pay off student loans, then I recommend taking a more conservative approach and maybe buying some index funds. However, if you’re young and have a stomach for risk like myself, then go crazy. + +------------------------------------ + +In conclusion, I’ve had an incredible year or so in the market. I don’t expect to have even close to these same returns in the future, but I’ve learned a thing or two and I’m here to share this information. You may disagree with everything I said and all the stocks I own and that’s okay! Don’t copy my portfolio and take everything I say with a grain of salt, however I hope you find some wisdom from this post! + + +------------------------- + +**Edit:** Since a bunch of people pointed out angrily in the comments that holding FB, DIS, SHOP and MJ stocks don't really align with "your investments should be an extension of your worldview," I agree with you guys. There are some notable exceptions, and not everything that us as humans do in our everyday lives align with our values. This is true of my portfolio too, however about 80% of the investments are climate change related, 10% weed (which I like) and the other 10% tech. If 90% of your actions in life further your world view then you're doing pretty damn good IMO + +**Edit2**: Also people seem to be pissed bc I inherited a lot of the money (3/4 of it) that I invested. I acknowledged already that I'm very lucky to be in this position and I don't really know what else to say about that, other than I aim to do something good with the money that I make +BABA is tanking and I'm trying to decide whether I should cut my losses and just sell at a loss, do some tax loss harvesting, put that $ elsewhere and call it a day. Or should I be a steely-eyed investor, avoid panic selling, and hang in there? + +I'm not thrilled that it's a chinese stock in the first place, and this sub has no shortage of rationale for why that's not advantageous. To summarize: easier to artificially manipulate the price as the gov't sees fit, less stability, less peace of mind for us as investors. + +&#x200B; + +Before I even post this, I know the counter-arguments I'll be getting. "This analyst is just n=1 out of many", "analysts shouldn't be trusted because they make recommendations in their own best interests based on their own positions", etc. etc. but I'll post this anyway: + + [Susquehanna](https://www.streetinsider.com/entities/Susquehanna+International+Group+of+Companies) analyst Shyam Patil lowered the price target on Alibaba (NYSE: [BABA](https://www.streetinsider.com/stock_lookup.php?q=BABA)) to $310.00 (from $350.00) while maintaining a Positive rating. + +The analyst commented, "We continue to view BABA as the China e-commerce category killer with a large secular growth opportunity ahead despite regulatory and listing concerns. Although consolidated revenue missed slightly, CMR growth of 57% y/y was very healthy, and BABA is seeing improving profitability leverage after lengthy investment periods. BABA remains on track for its strong guide of 30%+ y/y revenue growth in F2022, demonstrating sustainable execution." + +&#x200B; + +Anyway, what are your thoughts on BABA? + +My position is about $10k and I'm currently at \~38% loss. +Guten Tag to this global band of Apes! 👋🦍 + +I've seen some very compelling posts recently about the 'Critical Margin Theory', and while I cannot say for certain that I subscribe to the idea, the data does make a great case. +Last week we saw quite a lot of upward momentum on low volume, but each time there would be a sudden reversal. +With borrow rates remaining high, it makes sense that the maintenance cost of the short positions would be rapidly driving the margin calls lower. +Sustained pressure from Apes DRSing and HODLing with Diamantenhände makes me expect that we're going to continue to tickle the shorts right in the margin call zone. +Is this the week that they'll lose control? + +Whatever happens, remember that when the MOASS begins, there is no limit to the fuckery that is going to be directed at Apes to get them to sell shares at a discount. +The media is going to be in overdrive, spinning stories of individuals losing their pension to cold-hearted HODLers. +There will be brokers that screw over their customers in any number of ways. +There will be shills in every thread, on every discord and subreddit. +I plan to continue here daily, but I would not put it beyond their reach to hijack my account and shill from 'within'. +And so, I am offering some advice before that day comes in the hopes that it inoculates some against the inevitable attempts to stunt the MOASS. + +First, make a list. +Make a list of all of the reasons that you bought GME, and the reasons that you HODL GME. +List the reasons that you would sell *any* of your GME. +This list is yours alone. +Each of us will have a different list. +Write your list on paper. +Look at your list daily. +Curate your list. +Think back on why you first bought GME - is that reason on your list? +Is who you HODL for on your list? +Will your list change your life? + +Will your list change the world? + +When the MOASS comes, ignore everything except your list. +Look at your list, and consider whether you can cross everything off of it. +Remember - this is your list alone, and it is not going to be the same answer for every Ape. +Do not let the FUD machine change your list during the MOASS. + +Let your list alone be your guide. + +Today is Monday, June 27th, 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: **$135.77 / 129,01 €** *(volume: 749)* +- 🟩 115 minutes in: $135.79 / 129,02 € *(volume: 744)* +- ⬜ 110 minutes in: $135.76 / 129,00 € *(volume: 742)* +- 🟩 105 minutes in: $135.76 / 129,00 € *(volume: 742)* +- 🟩 100 minutes in: $135.74 / 128,99 € *(volume: 684)* +- 🟩 95 minutes in: $135.65 / 128,89 € *(volume: 684)* +- ⬜ 90 minutes in: $135.55 / 128,81 € *(volume: 544)* +- ⬜ 85 minutes in: $135.55 / 128,81 € *(volume: 544)* +- ⬜ 80 minutes in: $135.55 / 128,81 € *(volume: 523)* +- 🟩 75 minutes in: $135.55 / 128,81 € *(volume: 516)* +- 🟩 70 minutes in: $135.50 / 128,75 € *(volume: 515)* +- 🟩 65 minutes in: $135.41 / 128,66 € *(volume: 412)* +- 🟩 60 minutes in: $135.09 / 128,37 € *(volume: 412)* +- 🟩 55 minutes in: $135.05 / 128,33 € *(volume: 412)* +- 🟩 50 minutes in: $134.93 / 128,21 € *(volume: 405)* +- 🟥 45 minutes in: $134.54 / 127,84 € *(volume: 301)* +- 🟩 40 minutes in: $134.60 / 127,90 € *(volume: 301)* +- 🟩 35 minutes in: $134.59 / 127,89 € *(volume: 292)* +- 🟥 30 minutes in: $134.59 / 127,88 € *(volume: 274)* +- 🟥 25 minutes in: $134.62 / 127,92 € *(volume: 270)* +- 🟩 20 minutes in: $135.23 / 128,50 € *(volume: 157)* +- 🟩 15 minutes in: $135.22 / 128,49 € *(volume: 154)* +- 🟩 10 minutes in: $135.15 / 128,43 € *(volume: 149)* +- 🟥 5 minutes in: $135.07 / 128,34 € *(volume: 122)* +- 🟩 0 minutes in: $135.26 / 128,53 € *(volume: 110)* +- 🟥 US close price: $135.21 / 128,48 € *($135.88 / 129,11 € 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 1.0524. 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! +What are some negative experiences you wish you could fix in your job? + +What makes your job hard basically. + +I would love to know. Thank you! + +Edit: guys I’m a student at a university gathering information on property managers for a class project. I cannot build an entire saas platform. +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +# Want to learn more? [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I've been watching options chain all day and someone just spent over 13 millions dollars in deep in the money puts ($300 puts expiring today). This probably explains the drop from 180 to 175. Hopefully we see a reversal of that trend in power hour! + +1106 volume x 100 shares in a put x \~$123 cost = \~13.6 mil + +Edit: by "just" I mean they were bought sometime in the past hour + +https://preview.redd.it/nxj4xm40ycw61.png?width=1134&format=png&auto=webp&s=fd5adeb1f2927d9a25358d2e9c0ff7d060766f1f +There are so many different technologies in development right now. By 2025 all new chevy vehicles will be electric. There are startup trucking companies building fully electric fleets. + +VR is growing more and more every week. + +Metamaterials are a promising technology with a wide range of capabilities and applications. + +The list goes on. + +What technologies are you keeping your eye on? +https://www.autoblog.com/2018/05/08/tesla-car-factory-collateral/ + +> NEW YORK — Tesla has changed the terms of its borrowing agreement with banks to allow it to pledge its Fremont auto plant as collateral — a move seen by some analysts as an effort to boost liquidity. + +> The electric car maker has just $543 million of the $1.8 billion credit facility left to use, according to a regulatory filing on Monday. But banks periodically review the amount they are willing to lend, and Tesla continues to burn through cash. + +> "While not clear at this point, we suspect that with the large upcoming cash burn in 2Q18, the banks have demanded additional collateral protection for Tesla to maintain its $1.8 billion facility," CreditSights analysts said in a note. + +>"In doing so the banks are protecting themselves." + +>A person familiar with the matter told Thompson Reuters IFR the amendment had not been requested by the banks and was at the company's discretion. + +> But the 5.3 million square-foot plant in Fremont, California, would give banks a claim on one of Tesla's most valuable assets. It is the production hub of Tesla's mass-market Model 3 sedan, which is seen as key for the company's path to profitability. + +> Tesla, however, is struggling to ramp up production of the car. It is trying to build 5,000 of the vehicles per week by the end of June and overcome manufacturing hurdles that have delayed its rollout. + +> "They are still going to burn cash for a couple of years," said Scott Roberts, head of high yield investments at Invesco, who does not own Tesla bonds. + +> "They are shoring up liquidity before they need to probably because they think they will need it." + +> Chief Executive Elon Musk has promised investors that the company will swing to a profit in the third quarter, after accumulating losses for several quarters. +I am 18F, I have a Roth IRA with 4K in it and I plan to max it out next year and have 10K in it. I have about 16% in bonds and 16% in international index funds. The rest is in domestic(US) market index funds and a little in a tech mutual fund. I hear some people recommending diversifying into bonds and international and some who recommend just putting it into index funds since you are so young. I assume both have validity but should I maybe move some of my bonds/international into domestic market index funds. + +Edit: Thank y’all so much for all your advice. I’m still reading over it all, but I’ve learned a lot and will take it into account when adjusting my allocation. +I was talking to someone and the conversation went towards algo trading. I was surprised to learn that variants to boosting and tree based models were widely used. For some reason I thought it was complex neural networks being used but he told me they periodically change up hyperparametwrs in their ensemble models. + +I guess this makes sense since neural networks take a long ass time to change and if there’s a distribution shift then it would be a pain to reconstruct the architecture. + +The person is a PhD student at a target. +Hello all, + +I used to be very heavy into independent research and trying my own algorithms. I tried generating alpha with every hour of every day. But as time went on, I realized that public internet resources are just not enough and that I needed to hit the street and learn that way. This was around May 2021. + +Fast forward to now, I have done 2 internships and my overall knowledge has gone up drastically. This practically killed any ambition I had for continuing to learn on my own. As a result, I've only been reading WSJ/Bloomberg but haven't done any kind of true learning or experimenting since then. My philosophy is now very macro oriented and far less quantitative than previously. + +Has there been any new fundamental changes? Is there something recently discovered that isn't gaining large spread news attention? Or are people here still just automating public TA strategies? Where is the alpha? +Most people who share good runs in this career on this sub reddit they get amazing feedback then all of a sudden we get the ''PRO'' traders that have been trading for near a decade hating cause they haven't had any good accomplishments in there career time and just cry all day on reddit why do they have the time to cry aha just go learn how to trade better please!FYI NOT TALKING ABOUT HOW MUCH I CAN MAKE IN % JUST MY STRATEGY WITH RISK TO REWARD! +I'm interested in trading Forex, I was wondering how I even begin doing this. + +Right now I have TD Ameritrade, and the option to purchase EUR/USD on ToS, unsure if it is leveraged. + +I've been following the market for a while and I find the volatility to be captivating. Coming from trading equities and options, is it absurd of me to expect to make money by passively trading currency with limit buys and limit sells? +Let us be fair, I have had my fair share of controversy and I thought fuck it I have handled it well I think, the uptake of this has been phenomenal. There are always going to be those that complain and I have choice to ignore them, I am doing a nice thing here. There are some happy users out there, I have had some feedback, Good and Bad. So, I have included in my latest improvements the following. Rather than answer the hundreds of PM's and chats I get a day. I thought I will release the code. Once again, See this thread for the background. + +[https://www.reddit.com/r/Forex/comments/8j2yu6/follow\_up\_apology\_and\_explanation\_to\_rforex\_for/](https://www.reddit.com/r/Forex/comments/8j2yu6/follow_up_apology_and_explanation_to_rforex_for/) + +* Added two standard deviations for both BUY and SELL to figure out strong trend. +* Changed to £1/pt \(pip\) helpful for small account balances \(Good for n00bs\) +* Added a disclaimer, You know because ...Flack +* Fixed a "bug" where it would throw an error about exceeding the number of API calls, This happened when there was no major markets open according to my calculations for example Germany opens at 9am their time, Rather than 8am. +* Tidied up the code, Removed some superfluous comments etc. +* use theilslopes instead of linregress. + +***The Theil–Sen estimator is more robust than the least\-squares estimator because it is much less sensitive to outliers. This estimator can be computed efficiently, and is insensitive to outliers. It can be significantly more accurate than non\-robust simple linear regression for skewed and heteroskedastic data, and competes well against non\-robust least squares even for normally distributed data in terms of statistical power. It has been called "the most popular nonparametric technique for estimating a linear trend"*** + +From the analysis I have done with the graphs, this produces a much better fit. + +*That said, I WILL not be giving support on a 1 \- 1 basis, ask here, Ask IG. Please don’t message me, I like the messages but I simply do NOT have the time to help you all on an individual basis especially when people have not done their research first.* + +There are a number of users here who have crafted this to work with CFD's, this is more a regulation things i.e. Not allowing spread betting in their respective locale. Not much I can do about that. However, that said, some users have found a way of making this work. Sniff them out. + +Once again, Thank you for your support! + +[LATEST CODE ON PASTEBIN](https://pastebin.com/CZ7Pqr5n) +My husband and I wanted to buy a house. Sadly, after our lender elaborated on the financial scrutiny and numerous qualification percentages for even a 3.5% down FHA loan, we realized we couldn't buy a house in our present situation. Dreams crushed. + +So we started working out a solution. + +He got a new job, making 15k more than his previous job. But the real increase was in the benefits, which included a company car: free car, free maintenance, only $25 a week payroll deduction for unlimited personal mileage, and ALL gas goes on the company AmEx. + +But--there was one serious downside. +He drives a Ford Fusion. It is VERY underwater due to his past divorce. CarMax offered us 7k. He owes 14k. No one wanted it on Craigslist or in the paper to help close the payoff gap with a private sale. We had 7k in savings but that was for the house.... + +Which left my car. A 2014 Jeep Grand Cherokee. My baby. The first car I bought myself. My pride and joy because I'm one of those people who does NOT view their car as an appliance (cue PF judgement). +CarMax offered us 19k and I owe 21k. +So we sold it. We paid the 2k difference up front. I now drive the Fusion and we put an extra $150 on the payment toward principal each month to get us a little less underwater. + +But the SAVINGS are magical: + ++ $375 a month (no more Jeep payment) + ++ $140 a month (no more Jeep insurance, I'm a driver on husband's cheap USAA insurance) + ++ $100 a month (gas for his company car is paid for) +For a total monthly savings of $615. + +Offset $150 for extra Fusion payment, is still an extra $465 a month. +Not to mention our Debt-to-Income ratio fell 9% getting rid of the Jeep, which made our loan officer really happy. + +Between his extra post-tax income of $900 a month, and the savings of $465, we went from barely saving $250 a month three months ago, to saving over $1500 a month now. + +We'll have more than a meager 3.5% to put down on a house next year. We'll have money after the house purchase if shit goes wrong (which I've heard it definitely does). We'll have an emergency fund. + +Am I sad about the Jeep? Yes. +Was it worth it? Yes. +Will I mind parking the Fusion in our new driveway? Not at all. + +Tl;dr Sold the new car I loved, have to drive husband's older car so we can buy a house next year. Savings was totally worth it and have no regrets. PF is right, just drive an older car and sock away your money. + +Edit: I'm on mobile. I'm sorry about formatting. I think I fixed it? + +Edit 2: Went to dinner, came home to too many comments to respond to. Moral of the story: First world problem? Yes. Are we the most frugal, financially responsible people ever? No. + +But we're making progress. + +Edit 3: Came back this morning and wasn't expecting so many rude, judgmental, and offensive comments. Aside from those people, thank you to those who were actually supportive, who offered a constructive scolding, and shared their own similar experiences. My husband an I are both excited to continue learning from r/personalfinance. +Just wanted to show my gratitude to everyone here. Over the past couple years I have been reading posts on here and they have helped me tremendously and I while i am not yet FI I wanted to tell my story. When I was 16 I got caught up in gangs and selling drugs. I was homeless and living in my car by 18. I became addicted to heroin. I was in and out of rehabs and hospitals from OD's and suicide attempts. This went on until I was 25 and I decided to make a change, I left the city I lived in and went to a small town 100 miles away with a duffel bag of clothes and about 60$ in my pocket. I lived in my car and worked a shit min. wage job for 3 years slowly saving money living in shelters and got an apt. I clawed my way up to a management position and got some experience which landed me a real job. I now have a beautiful wife, retirement account. I live cheap and save 50% of my income and about to buy my first home with a 40% down payment. I dont know why I felt the need to post this but if anyone out there struggling thinks they cant do it I hope my story can give you motivation. +We always hear of doctors, bankers, lawyers, and engineers FatFiring. This is a long shot, but are there any PhD holders that would be willing to share their story? +Wasn't sure where to post this but I've been thinking about it a lot today. + +I'm a front end manager at walmart which involves being over moneygram and other money transfer services. We get a fair amount of attempted fraudsters calling or trying to pick money up. But yesterday we had this woman come in who was trying to send 2900$ to India. The desk associate asked a typical questions like 'do you know this person' and the woman broke down and started telling her about this man who was on the phone with her, telling her he was in her computer and was going to clean out her bank account if she didn't send him the 2900. + +Apparently she had had some virus and for some reason went to an online geek squad site where this guy talked to her and 'refunded' her like 200$, but of course accidentally sent her way more than that and then demanded she send him the balance back or he was going to ruin her life and take all of her money, not just the amount he had given her. So she ended up sobbing at our counter afraid her life was about to be ruined. + +Obviously we didn't send it, and I ended up telling her this story about when I was a teenager and was selling this guitar on Craigslist. A guy mistakenly sent me a check for like 3000 and wanted me to send him back the difference, minus a few hundred bucks for my troubles. She calmed down, I told the guy on the line to fuck off, and I think she ended up being alright. + +Tl;dr/the point of the story: people always ask who is stupid enough to even fall for things like Nigerian prince scams or stuff like that, and it's really just sad older people who don't understand how technology works and they just get scared into making decisions they probably know they shouldn't. + +Kind of bummed me out, sorry if this is the wrong sub. +How worried should I be? I haven't worked in years, and haven't given out my SS# in years either. I will follow the directions in the letter, and my credit is still 837. + +How serious is this, and why would someone do this? +[Lifestyle] Those of us on the FatFIRE path often have highly demanding jobs that require large portions of our time. I’d be interested in knowing what salary range, bonuses, insurance, gifts, agencies, etc you use to recruit the best of the best when it comes to finding good nannies and caregivers to take care of your little ones during those hours of the day when you can’t be with them. For context, I’m a senior associate at a law firm working crazy hours and my husband runs a Real estate private equity fund. We have a one year old we have been able to bond with intensely as we work from home, but as the world opens back up we are worried about making sure that her transition to being full time during the day with a nanny is as seamless as possible with someone truly extraordinary who is going to be very emotionally available and also intelligent/thoughtful. It makes sense for us to keep working our current jobs for several years to pursue our FatFIRE goals, and if I’m not able to be there myself at all hours for her I’m looking for someone really special to be part of the village that helps raise her. What’s are the best FAT tips here? +I posted this last year and ended up taking the job. We've been here almost a year and figure I'd provide an update. + +Previous post: https://www.reddit.com/r/personalfinance/comments/3agse9/would_you_move_to_seoul_south_korea_for_130kyear/ + +Overall things are good. The actual moving process was pretty smooth. We only ended up bringing about 5000 lbs of our goods with us. It was paid for and arrived about 6 weeks after we arrived without any incident. + + +As for the job, the work is a bit more complicated and demanding than what I was prepared for. It has taken me almost a year to start to feel confident and comfortable in what I'm doing. My workweek is generally 40 hours with occasional overtime expected during certain months. + + +Seoul is an awesome place to live. Public transportation is reliable and cheap. Restaurants are very affordable considering there are additional tax nor tips. We've found the Koreans to be friendly, the elderly are generally very playful with our kids. We are trying to learn Korean but with the demands of work and a new baby, we have fallen short of our goals. Getting around is still very manageable with limited Korean, as lots of people speak at least some English. The expat community is very tight knit and we have made many multicultural friends. + + +From a financial standpoint the move has been very beneficial. I have been able to increase my retirement contributions by an additional 3%, put away additional money for a down payment and my children's college funds. We recently travelled to Japan and intend on going to Vietnam or Thailand later this year. Family has come to visit on two occasions and others are planning trips. + + +I'd say the biggest drawback has been my son's schooling. He attends a US Govt school and it has been a challenge. He has suspected ASD/ADHD and the school administrators have fought us at almost every turn in our attempts to get him the services he requires per his IEP (given the employment situation, US education laws still apply). We have the option to school him in other International schools but based on my understanding of Korean schools, it wouldn't be a better situation. It's also worth noting that the educational services he was receiving before we left were also less than stellar. + +Overall I have no regrets with the move and we are looking forward to staying 4 more years. +Like most people and for obvious reasons, my brain has recently been more fixated on finding money saving hacks, freebies and discounts. I've found this to actually be quite rewarding and fun. My favourite so far has been the 5 free drinks per day at Pret for a month's free subscription trial. + +I'd love it if we could share our good finds on this post to spread the joy +Growing up we were really poor, always had food on the table but we weren't strangers to having the power go out when times were tight. My mum has always taken care of me, even when I was in university and had moved out she'd help me out with money when times were tight. My mum became really ill over several years causing her to become medically retired, so despite having a decent income she's not able to get many forms of credit including a mortgage. + +I know this isn't the best financial move or investment by any stretch of the imagination but there's an opportunity for me to buy a house for my mum in cash in the range of 50,000 which is close to what she would describe as her "ideal home". The idea is that she would pay me roughly what it would be to rent it out as if it were a buy to let except I don't actually get a mortgage for it. + +I guess the first thing I want to know is this legal to do? Would we need to have a lease agreement or could you do a bank transfer? I know there's always the question of what if she refuses to pay but I don't think that will ever happen knowing my mums character and history. + +My long term plan for after my mother isn't in the picture would either be rent it out, sell it or pass it on to family/kids depending on where I'm at in the future. I know this money would likely be much better off in an index fund or something but I feel like the opportunity to give back to my mum in this way would be rewarding in its own right. + +**EDIT: I've had a lot of really informative, helpful comments so thank you everyone. I would like to explain somewhat that my main intension here is to provide my mum with a permanent home that she is comfortable and happy with, without any fear of hassle from landlords. However I also would like it to be a mutually beneficial situation because while I can afford this, I'm by no means well off or a high earner, I'm just a good saver. I don't want to make market rate rent from her, it's more that I want her to fully cover any associated cost with the house post purchase, the rent in question would be for that and for me to take care of things for her.** +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +(Bloomberg) -- In the most densely populated corner of the US, temperatures are about to drop after a stretch of unusually warm weather. And the signs of a winter crisis are already multiplying. + +Heating oil delivered to New York is the priciest ever. Retailers in Connecticut are rationing it to prevent panic buying. New England’s stockpiles of diesel and heating oil — the same product, taxed differently — are a third of normal levels. Natural gas inventories are also below average. A Massachusetts-based utility is imploring President Joe Biden to prepare emergency measures to prevent a gas shortage. + +Add some cold to the mix, and in the best-case scenario, Northeast consumers will shoulder the highest energy bills in decades this winter. The Biden administration, under pressure to tame prices ahead of the midterm elections, is considering ways to stash more diesel and gasoline in New England. In the worst-case scenario, a cluster of states with a combined economy bigger than Japan’s will run out of fuel to keep the lights on and heat homes and businesses. + +“It’s going to be pretty bad,” said Marcus McGregor, head of commodities research at Conning Inc. “Diesel, heating oil and natural gas prices are through the roof. When you’re on a fixed salary, how does it impact your overall budget? It has to be bad.” + +The Northeast is no stranger to fuel constraints. Its dearth of pipelines and refineries means the shale fields of Texas and Pennsylvania might as well be on the other side of the world. But now, a global supply crunch intensified by the war in Ukraine is putting the region at risk of an energy disaster to rival the one menacing Europe. The Northeast will compete with countries across the Atlantic and around the world for fuel to generate power, fill up trucks and keep the cold at bay. + +Rocky MacDonald, a father of three and realtor in Stoneham, Massachusetts, expects to pay over $500 for heating oil to keep his three-bedroom ranch house warm this winter. That’s about 20% more than last year. To save money, MacDonald and his wife are cooking dinner at home more often. When they do go out, they skip the bottle of wine. + +“I just can’t believe it. The monthly expenses are crazy amounts,” said MacDonald. “I’m trying to hoard every penny.” His family’s total spending has climbed to $10,000 a month from $8,000 last year, and he’s worried that rising interest rates will trigger a housing-market slump, eating away at his income. + +For Rocky and other consumers grappling with historic inflation, the outlook is increasingly dire. Americans are poised to spend the most on heating in at least 25 years this winter, government estimates show. + +In the Northeast, a typical family is expected to pay $1,094 to keep warm with natural gas this winter, 23% more than last year, the Energy Information Administration said. Homes that rely on oil for heat — primarily in New England and the Mid-Atlantic — will be hit even harder, with an average bill of $2,354. Northeast households using propane will spend about $1,970. Low-income consumers will suffer the most. + + “Some of the most at-risk people of suffering when heating fuel runs out are immigrants and refugees,” said Jeffrey Thielman, president of the nonprofit International Institute of New England. “We are very concerned about the coming winter.” + +That creates a tricky political calculus for the Biden administration. US energy exports have surged amid pressure to help European allies replace sanction-hit Russian supplies. But Biden is also facing calls to curb such shipments to help consumers at home. For Republicans, inflation has proved to be a potent political weapon: A press release announcing a Donald Trump rally in Pennsylvania this month noted the state’s surging heating oil prices. + +So far, the Biden administration is using one of the few tools it has at its disposal to tackle high pump prices: It’s releasing unprecedented amounts of crude oil from the nation’s emergency reserves. But that can only go so far. US refineries are already running flat out, and without excess capacity to process the crude into usable fuel, the extra oil releases don't do much good. + +Of course, much depends on Mother Nature. Meteorologists are predicting relatively mild temperatures for Europe and the Northeast this winter thanks to the weather pattern known as La Nina. Gas prices for next-month delivery have tumbled on both sides of the Atlantic as a warm autumn curtails demand. But in late October, the UK’s national weather service said the country’s chances of a colder-than-normal winter are increasing. + +At the heart of the Northeast’s energy squeeze is natural gas. Even after Pennsylvania’s shale boom brought abundant supplies to the region’s doorstep, constraints have persisted. + +That’s because New England and the Mid-Atlantic are more reliant on gas than ever. Coal-fired power plants have shut in droves, falling victim to environmental opposition and competition from cheap gas. Wind turbines and solar farms haven’t sprouted up quickly enough to replace them. And that bounty of shale gas in Pennsylvania? Concerns about climate change have scuttled plans for pipelines to bring it eastward. The Northeast’s dilemma reveals how the energy transition, at least in the short term, is ratcheting up the pain for consumers. + +Almost half the electricity generated in New England and New York comes from gas. In extreme cold, heating may take priority over running power plants, which keep the lights on. + +“The New England region has been on a lousy carousel ride for about a decade now trying to address the risk that comes each winter because of its over-reliance on a single fuel source,” Allison Clements, commissioner for the Federal Energy Regulatory Commission, said in an interview. + +Heating oil and diesel are also part of the equation. The number of Northeast households that use heating oil has ticked lower as more switch to gas, but that’s little comfort to the almost 20% of homes there that still rely on it. The East Coast, the one US region dependent on foreign imports, has to vie with countries struggling to replace Russian supply. Refineries from Virginia to New Jersey have shut after failing to compete with larger Gulf Coast rivals. + +A diesel shortage, meanwhile, can have devastating economic consequences. The bulk of consumer goods moves on trucks and trains powered by the fuel, which is also used in manufacturing and food production. + +The Northeast isn’t entirely isolated from oil and gas pumped from other US regions. It can pull supplies from pipelines snaking up from the Gulf Coast and other points west. Heating oil and diesel are also delivered by truck and train. In rare cases, they come by sea, though the law requires that only US-built ships deliver fuel within the country — and there aren’t many of those. + +But in a deep freeze, the Northeast will need more supply from abroad. The bulk of it will come from Canada, and some will come from Europe, a region that will be hard-pressed to export fuel with its own energy security at stake as the continent pivots away from Russia. + +Other supplies will arrive from overseas. Cargoes of liquefied natural gas set sail each winter from Trinidad under a long-term contract and arrive at a terminal outside of Boston. Shipments to the East Coast have also come from Nigeria and a handful of other countries. + +On peak days in the winter, as much as 35% of New England’s natural gas supply comes from LNG cargoes, according to New Hampshire utility Unitil Corp. And the US will find itself in competition with buyers from the UK to Japan. + +That’s also true for so-called distillates like heating oil and diesel. Last year, more than a fifth of the East Coast’s supply came from abroad. + +Eventually, the Northeast may be able to wean itself off foreign fuel by ramping up renewable energy. But in the short term, there’s little relief in sight. + +“It’s not gonna be pretty for the consumer,” said Robert Yawger, director of the futures division at Mizuho Securities USA. + +https://www.bnnbloomberg.ca/the-us-northeast-is-hurtling-toward-a-winter-heating-crisis-1.1842673 +Considering the “what are you driving” thread was a success (https://www.reddit.com/r/fatFIRE/comments/opq0df/what_are_you_driving_what_do_you_wish_you_were/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) I figure I would try the same with everyone’s living situation. + +Questions +1) country/region - e.q. United States Northeast +2) Is it a home, apartment, van down by the river? +3) is it your forever home? +There have been a few recent posts on the question of retiring now vs later. In one of those posts \[[Disillusioned by the Slow Grind](https://www.reddit.com/r/fatFIRE/comments/enufz3/disillusioned_by_the_slow_grind/)\] OP has a $600k NW and projects a $400k+ gross income (with a frugal spend) in the next year. Compare that to \[[Getting to fatfire or hopping off early](https://www.reddit.com/r/fatFIRE/comments/eoqkic/grinding_to_fatfire_or_hopping_off_early_for/)\] where OP talks about grinding at $250k gross and people relating to him in the comments section seem very content retiring on $3M-$5M NW in that situation. + +My first question to the community is: **what criteria should you use to decide when you are ‘done’?** + +A few options I can think of: + +1. FI happens before RE. Continually adjust work life balance after FI. RE when you feel like it, probably overly-FI. + +2. FIRE When your SWR matches your current spend (and you have a comfortable spend, not a leanFIRE spend!). It’s all about reaching ‘the number’. + +3. RE once you have both passed ‘the number’ and exhausted opportunities to noticeably increase ‘the number’ without sacrificing work life balance. + +The ‘Hopping off early’ comments seemed to track option #1 (If you’re happy at work, just keep working! There is no need to RE without something to RE into, like a hobby, even if you don’t need the money). The ‘Slow Grind’ OP seemed to get a lot of advice to follow #2 (Just put in a few years at the high paying job then you can be free with a reasonable SWR!). + +Personally, I feel more like #3 is appropriate for me: I like my job well enough, but after winning the startup lottery and mostly vesting I would rather spend my time chasing passions than committing to 48 weeks a year at the same desk, no matter how fun. I have the income of #1 with the NW of #2. Those in camp #1 would tell me to find a new employable passion to crank up the earnings again, and hopefully improve my work life balance while growing my NW, but those in camp #2 would tell me that I’ve passed my number and to ‘GFY’! + +Mathematically I would describe the situation by the metric “What is the percent increase in my retirement spending as a result of one more year of work?”. This chart describes the way I am approaching the problem: + +&#x200B; + +|Option|Net Worth|Yearly Savings|Retirement Spending (3%)|Change in Retirement Spending|Relative Spending Increase| +|:-|:-|:-|:-|:-|:-| +|\#1|$600k|$200k|$18k|$6k|33%| +|\#2|$4M|$200k|$120k|$3k|2.5%| +|\#3|$4M|$200k|$120k|$6k|5.0%| + +Option #1 guy should obviously keep working the high paying job with a bonkers 33% retirement spending increase per year of work! Option #2 guy should obviously ignore the value of his paycheck with the measly 2.5% increase and just do whatever makes him happy. At 5% ($6k) I am wondering whether a year of my life in my 30s chasing passions is worth an extra $6k/year indefinitely. The answer is probably yes, but I don’t know where to draw the line (4%? 3%?) + +My second question to the community is: **for any of you who have passed your ‘FI number’ but still work, do you have a ‘relative increase’ number or some other income-based metric in mind to determine when to RE?** +Im seeing quite a few comments today regarding the hopefully upcoming release of SR-NSCC-2021-002.Those comments state that **SR-NSCC-2021-002** will be active on Monday June 21 2021 which isn´t true. + +June 21 2021 is the Date designated by which the SEC has to either **Approve, Disapprove or file legal action against this rule.** + +[https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf)(page 2 if your interested) + +So wether this rule gets approved or not we won´t know until probably near the end of market on monday. + +Please Remember even IF the rule gets approved (it probably will but expect anything) this rule would at the earliest get implemented for the next trading day but also keep in mind they can take "up to 10 days" to implement new rules. + +I don´t want anyone dissapointed if this rule isnt active Monday or Tuesday or in the worst casedoesn´t even get approved. + +You will see here if there is a new notice either of approval or dissaproval of **SR-NSCC-2021-002** + +[https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) + +or + +[https://www.dtcc.com/legal/sec-rule-filings?pgs=2](https://www.dtcc.com/legal/sec-rule-filings?pgs=2) + +I wish everyone a nice weekend and hope for a awesome next week :) + +If any of this information is wrong please feel free to correct me. + +EDIT: I want to thank everyone for the Awards given even thogh it should be normal in a community to help each other out :)Have a great time everyone. + +EDIT 2: Made it to the Hot Page dont know if i should be happy but you guys are all fucking awesome :) + +EDIT 3: Some users ( u/rendered_lurker, u/BLOODFILLEDROOM for example) brought to my attention that it will be effective upon release.To clarify any misunderstanding i also like this rule implemented as fast as possible but i wanted to include every possibility on what could happen. + +Thanks to user u/OkGas9917 who is in contact with people at the DTCC id like to provide this link + +[https://www.reddit.com/r/Superstonk/comments/o1x5gn/continuing\_conversations\_with\_johnjacqueline\_from/](https://www.reddit.com/r/Superstonk/comments/o1x5gn/continuing_conversations_with_johnjacqueline_from/) + +If you look at the last screenshot the Vice President of the DTCC says quote: + +**"As noted in the filing we must implement the change within 10 days from receipt of an approval from the SEC"** + +So yeah it COULD take them up to 10 days. +Do i hope for additional 10 days ? Hell no in my opinion this could already be implemented 45 days ago but i included this to prepare for every possibility :) +For majority companies, the dividend yield is around 2%. Let’s take for example a stock which is at $100, you would be getting back $2 annually or $0.50 quarterly. I would need to invest tens of thousands of dollars just to make back a decent amount of money. Even through DRIPs, you would need to have invested a lot in order to just get back enough money from dividends to purchase additional shares. This seems very unattainable to someone like me in my 20s who does not have anywhere near that much capital to invest. + +I understand that there are many ETFs and REITs and even stocks that have high dividend yields but even still, the fact that it is a low amount annually does not make it helpful. + +I’m not trying to be negative and I know some money is better than nothing but I constantly see videos and people talking about how great dividend investing is but most of those people are already fairly rich and have enough money to invest to see those returns. + +Does anyone have any thoughts on this? +Any tips to a new investor would be appreciated as well. +is anyone here actually retired and living off of dividends? i mostly see posts about people on their way to retirement - but i am wanting to see if anyone here is actually retired and successfully living off of dividends. If so, how is your port structured and what are your holdings? 100% dividend payments or using that with combination of 4% withdrawal with something like voo or spy? are you worried about stock depreciation or unphased by downtrends (this year the principal could be down many years of dividend payments) +Given this is a value investing group I thought it may be interesting to hear opinions on why members of this group chose this particular style. The style has outperformed growth over multiple decades except for the most recent decade (2009-2019). Curious to see hear thoughts/opinions? +A lot of times, an opportunity arises and I'd like to quantifiably understand the impact of large investors. Some of you may recall the interview with Jim Cramer where he talks about (illegally) manipulating the price of a stock using the massive amounts of cash that money managers have access to. Have you guys run across any literature (academic papers, books, etc) that speaks to how much money (or percent of daily trading volume, etc) needs to flow in/out of a security before the price is affected? +Barron’s seems to believe that FB is significantly undervalued. With a PE of 29ish my autist brain is bound to agree. I also see the continued strength in Fb, ig, what’s app and their ad/data services. But I think the cherry on the cake could be their possession of the Oculus which could be a big driver of future growth with the progress of VR IMO. It does seem to me that FB takes a lot more PR heat than they deserve. + +It seems to be cheaply valued with a good forward growth story. + +Poke 🕳 in the theory. Go. + +[Barron’s article](https://www.barrons.com/articles/facebook-stock-is-cheap-heres-how-it-could-gain-20-or-more-51617399483?st=qlzovofkvxh9ywl) +*Investopedia* says the formula is: ***(Total Liabilities / Shareholder Equity),*** whereas the [Corporate Finance Institute](https://corporatefinanceinstitute.com/resources/knowledge/finance/debt-to-equity-ratio-formula/) uses: ***(Short Term Debt + Long Term Debt + Fixed Payment Obligations / Shareholder Equity).*** + +The Corporate Finance Institute also says that 'Accounts Payable', 'Accrued Expenses' and 'Deferred Revenues' are not considered debt - which is confusing me even more. + +Are there just multiple different forms of Debt/Equity or is one of these formulas wrong? Any help would be appreciated, thanks :). +It's Sunday and as I lay here in my bed browsing Superstonk, I can't help but wonder what could possibly be in store for us GME holding apes. + +I daydream of MOASS and tendies, but I really have become attached to my beloved GME shares, and I want to hold onto them forever. Every share sold is a forfeiture of GME dividends that share holds rights to. I want to keep them ALL. + +So I'm thinking about the posts we've all read about taking loans out against our hodlings. But doesn't a loan charge interest and require payments made against it? Won't that mean that *eventually* you'd have to sell shares to cover the payments on the loan? Hmmm... + +What if our Chairman had another option in mind? What if there was another way for shareholders to get our tendies *without* having to sell any of our shares? + +Now this is pure Tinfoil Hat Theory, and I have nothing to back this up other than my smoothe brain and a box of snack crayons... + +But what *if* GameStop actually *does* issue an NFT dividend. Are shorts going to need those NFTs? Are *naked* shorts going to be *desperate* for those NFTs? + +I don't know. We'll just have to wait and find out. We may never get an NFT dividend. But if we do get one, then every legitimate share will get one as well. + +Won't every naked short owe an NFT as well? Where are they going to get these NFT's from? I think the logical explanation is they get them from the apes and institutions that have them. I wonder what the floor price will be on those NFTs? My bet is that those NFT's will be going for the same phone numbers that the shares are going to be bid up to because apes are not going to want to part with them. + +In my opinion apes that paper hand their NFTs for chump change are going to have sellers remorse when there's not enough NFT's to go around and the price launches on *another* rocket to the moon. Bitc0in is going to be nothing compared to the price of a GME NFT dividend token if apes diamond hand them just as tight as the shares themselves. + +I see two rockets launching towards the moon. One is the GME share price. The other is (Tinfoil hat) the Top Secret NFT dividend resale price on the open and fair market. + +Now I am just a smoothe brain making stuff up off the top of my head trying to entertain myself and possibly jack some titties as I daydream about what may possibly come. + +We have no idea if there will actually be a NFT dividend, but things are sure lining up nicely, are they not? + +If there is an NFT dividend, I personally think that there will be a secondary market for those tokens. I think this is the *Second Rocket* going into outer space. The floor is whatever it is. Personally, I'm waiting for a phone number. + +TLDR: IMO there is potential for TWO rockets launching towards the moon. One is the GME share price, the other is the potential GME NFT dividend resale market price. If the NFT price skyrockets, apes can sell their NFTs for mountains of tendies to naked short sellers without ever having to sell a single share of GME. +I got a ton of helpful ideas for my recent Vegas trip I figured I'd follow up with what we made of it and at least for a feel good community post that the advice here can be put to good use! Here is the initial post - [https://www.reddit.com/r/fatFIRE/comments/q4rwe4/vegas\_fatfire\_style/](https://www.reddit.com/r/fatFIRE/comments/q4rwe4/vegas_fatfire_style/) + +We had 4 days including travel days so closer to 3 full days. As a few people mentioned, Vegas isn't really a fatfire town so much as people pretending to be Fatfire, and that was certainly evident for us. We don't gamble (nothing against it, just not our thing), so if it weren't for conferences I probably wouldn't ever choose to go. But we made the most of it. + +**Food** + +This was definitely the highlight - following the advice in the prior thread, we booked out as far in advance as we could and got some great reservations. + +Nobu - even though this is a chain, it was our first time and it was spectacular. Easily one of the top 3 meals we've had. Truly incredible from first bite to last. Underrated. + +Bazaar Meats by Jose Andres - couldn't get into E which is where we were staying but this was fun too and the Sahara was actually pretty nice for being down strip. This easily had the best bite of food I've ever put into my mouth with Kobe A5 by the ounce. The rest of the meal was solid as well, but not as good as Nobu overall - that A5 though... holy shit. + +Water Grill - this is just a high end surf and turf type establishment - definitely nice but not exactly michelin star. It was fine. + +Hells Kitchen - This was just a random lunch where we walked by and decided to pop in. It was slammed probably because it's such a film focused restaurant. But it actually gets great reviews and the food was spot on. A bit more of a scene though, and not in a good way. + +**Activities** + +Did race car driving at Exotic Racing - drove 3 supercars for 5 laps each - it was a blast. The service/experience could have been a bit better as it was a bit focused on churning people in and out, but the track is great, coaches are solid, and the cars are what they are. I would go back. + +Dune buggies at Sun Buggy - this was awesome as we got a private 2 hr tour and each of us had a single seat buggy. It was a lot of fun and definitely felt exclusive as they allowed us to do a private tour. I wish there was a bit more HP in the buggies as I think they are a bit too focused on liability and so the buggies maxed out at probably 30mph. Could have used a bit more juice. + +DigThis - got to drive an excavator and bulldozer - it was pretty quick and definitely an experience. I'm glad I did it, but probably not enough there to do it again like racing cars. Once is enough and after probably 2 hrs you're kind of bored of picking up dirt and moving it around. + +**Shows** + +Comedy Cellar - this is at the Rio, which is a bit of a dated dump, but this was a highlight for sure. It is a classic comedy club type setting with up and coming comics and was a blast. Probably only 50 people in the room (and it was full). + +O - this is a cirque show and the set and production are incredible. But the theater is huge - by far the biggest cirque show I've seen. And honestly, I feel like cirque is getting a bit tired. Kind of the same old same old but in water. I will probably hesitate to go to another cirque show because it felt very similar to the other 4 or 5 we've seen. But I'd probably go in a more intimate venue or to the beatles themed one for the music ;) + +Absinthe - this was a circus esque variety show outside Caesars in a pretty intimate venue - maybe 250 seats or so and we were able to get front row seats which was a lot of fun. This is definitely an 18+ show and we had someone behind us storm out because their sensibilities were offended, which I got a kick out of and figured I must be in the right place. It was phenomenal and the wife had a ton of fun too even though it was a bit risque. + +**Shopping** \- lots of great shopping in the Bellagio and Aria complexes - really high end nice stores. Forum at Caesars had some good stuff as well but definitely more of a mix like a regular old mall. Wife was pretty happy to have that much high end selection in one place. + +**Convention -** we made it for 2 hours. haha. whoops. + +All in all - I'm really glad we asked for advice here as it really helped plan the trip - we may have gone a bit overboard in packing in so many things in such a short week but honestly if we hadn't then it wouldn't have been that great of a trip as we're not exactly vegas wanderer types. +Let me clarify this immediately : noone's jumping ship from GME to AMC. + +Actually, isn't the fact that AMC is skyrocketing even more confirmation bias? + +We're seeing live what GME is going to look like soon. We're also witnessing what many apes predicted the past couple days : AMC is squeezing first to make us waiver and doubt. + +But we're more retarded than that, aren't we? Our brains have juuuust enough wrinkles to watch that and go "haha AMC go brrrrr, GME GO BRRRRRRRR NEXT" + +To me, seeing GME get closer and closer to the 300 mark is nothing but a nostalgia hit. It reminded me of what we've gone through to get here. It's been a long trip but the sun is setting for Citadel and Co, and rising on the Planet of the Apes. + +We stick with our favorite ticker, we hodl and vote and wait for the rockets to launch us into space. + +Be strong, fellow apes, we're in this together until the end! +As the title stated, I'm currently a second year medical student. I had to pay my way through college without any family assistance, which meant that I had to take out student loans from the government. I entered college in fall 2004. During my junior year I decided to go into medicine after two 2.0 semesters, because of course. I switched degrees and doubled majored to boost my GPA, which required me to take a 5th year of classes. During one of my senior years I was financially broke (despite working two minimum wage PT jobs) and mistakenly took out a private "Tuition Answer" loan from Sallie Mae for $15,900. My credit score was low 500's and my grandmother had to cosign (she was the only one in my family that was willing and the only one with a good enough credit score). She passed away exactly one month after I received the loan. I graduated in spring 2009 with two degrees. + +Anywho, after college I worked for two years ($10/hr) before going to grad school to get my Master's degree, starting in fall 2011 (literally had 1 cent in my bank account after applying). I took out a Grad Plus loan during my first year. The second year I paid tuition mostly through a small inheritance that my father left me (he passed during my first year of grad school), but that money dried up as soon as I was done with grad school in September 2013. I moved back home and did research for another year (making only $17/hr). I made payments to my loans before and after grad school as best as I could, but didn't make a dent whatsoever. I consolidated my government loans at one point, but I'm not sure when (I believe it was before grad school). +I started med school in July 2014, having to take out federal loans and more Grad Plus loans to survive. I had to briefly step away during my spring 2016 semester to address some family issues, and because of that am retaking my second year (although I'm academically fine). + +Last week I started getting call from Navient. Apparently I have to start making payments on my Tuition Answer loan and I am already two months behind. They had been sending letters to my grandmother's old house, but not mine... which was kinda pointless as my address was updated in the system and my grandmother has been deceased for 8.5 years now. I told them I was in school, but apparently I had maxed out on monthly in-school deferments. I also only have one month left on forbearance (which I mistakenly liberally used right after college). This loan was originally $15,900... but it has had a 10% variable interest and the total balance is now $29,919.66, almost double the original amount. My payments will have to be $291.06 monthly. + +Here are all of my loans: + + + + +Loan | Disbursement Date--Original Principal | Interest Rate/Type | Current Balance | Unpaid Principal/Interest +-----|-------------------------------------|--------------------|---------------|------------------------- +1-01 DL Consolidated-Subsidized | 7/6/10--$10,156.35 | 5.5%/Fixed | $10,902.14 | $10,841.74/$60.40 +1-02 DL Consolidated-Unubsidized | 7/6/10--$17,943.31 | 5.5%/Fixed | $24,770.28 | $21,446.96/$3,323.32 +1-03 Direct Loan - Subsidized | 8/28/11--$8,500.00 | 6.8%/Fixed | $8,549.06 | $8,500.00/$49.06 +1-04 Direct Loan - Unsubsidized | 8/28/11--$12,000.00 | 6.8%/Fixed | $16,494.23 | $13,855.41/ $2,638.82 +1-05 Direct Grad PLUS | 8/28/11--$40,000.00 | 7.9%/Fixed | $57,627.38 | $47,228.41/ $10,398.97 +1-08 Direct Grad PLUS | 08/25/2014--$10,520.00 | 7.21%/Fixed | $12,099.35 | $10,520.00/ $1,579.35 +1-09 Direct Grad PLUS | 11/05/2014-- $1,361.00 | 7.21%/Fixed | $1,563.86 | $1,361.00/ $202.86 +1-12 Direct Grad PLUS | 11/04/2015-- $7,359.00 | 6.84%/Fixed | $7,897.83 | $7,359.00/ $538.83 +1-06 Direct Loan - Unsubsidized | 07/21/2014-- $20,500.00 | 6.21%/Fixed | $23,211.65 | $20,500.00/ $2,711.65 +1-07 Direct Loan - Unsubsidized | 07/21/2014-- $20,000.00 | 6.21%/Fixed | $22,645.48 | $20,000.00/ $2,645.48 +1-10 Direct Loan - Unsubsidized | 08/12/2015-- $20,500.00 | 5.840%/Fixed | $21,830.77 | $20,500.00/ $1,330.77 +1-11 Direct Loan - Unsubsidized | 08/12/2015-- $18,634.00 | 5.840%/Fixed | $19,858.70 | $18,634.00/ $1,224.70 +1-13 Direct Loan - Unsubsidized | 07/26/2016-- $10,000.00 | 5.310%/Fixed | $10,183.18 | $10,000.00/$183.18 +1-14 Direct Loan - Unsubsidized | 07/26/2016-- $10,250.00 | 5.310%/Fixed | $10,437.74 | $10,250.00/$187.74 +1-15 Direct Grad PLUS | 08/10/2016-- $9,478.00 | 6.310%/Fixed | $9,659.75 | $9,659.75/$181.75 +COL11A Endowment Loan (through undergraduate school) | $5,306.50 | 5.00% | $2,870.64 | $3,097.88 (payoff amount) +Tuition Answer (Private Loan -Sallie Mae) | 02/07/2008-- $15,900.00 | 10.0%/Variable (Interest Rate Reduction, Disqualified) | $29,919.66 | $29,258.79/ $631.71/$29.16 (late fee) + +Total Balance: $290,521.70. + +I have 2.5 years left of medical school, so even more loans will have to be taken out. My credit score is in the high 600's/low 700's. I have desperately applied for scholarships but to no avail (I'm hoping for my 4th year I will be granted a scholarship that will erase all of my medical school loans in return for 5 years of practicing rural medicine). +I don't think that I can make these additional payments in addition to my present living expenses (rent, phone, study materials, food, etc.). On top of all of this, I'm quite certain that my mother took out Parent Plus loans during my freshman year of college that she has never made payments on. + +So yeah... I now am being told I have to make payments on one loan while living off of other loans. I'm looking to be around $450,000 (rough estimate) in debt upon graduating medical school in May 2019. I'm desperately fearful of what lies ahead. I'm in my early 30's and doubt that I will be able to have any financial security or be able to start a family within the next 20 years. + +I have no idea what to do, both handling the current situation and the future situation. Please help. + +For the past 10 years I've been investing 50€ per month into some kind of silver fund (SafePort Physical Silver 95+ Fund). In about a month, the contract is gonna end and I will be able to withdraw the money. Currently, I have about 5300€ in that fund (vs 6000€ that I paid into). + +I'm not sure how the fund works exactly, but let's assume I could leave that money in the fund indefinitely until I decide to withdraw it. Someone recommended to me that I leave the money be until silver price grows a little (since I'm negative right now), however I think it would be better to just take the loss, withdraw the money, then invest into some ETF (I'm already investing monthly into VWCE). This would probably yield bigger returns compared to if I just leave it in the silver fund which has been stagnating and even dropping the past few years. + +If it's better to invest it into ETF, would you recommend that I invest all of it at once or would it better to spread it over 10 months and invest 500€ per month? +&#x200B; + +>Part 1. It was consumer sentiment that started the 'sneeze squeeze' last January - *not* hedge funds covering. +> +>Part 2: Short positions were *not closed*. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. +> +>Part 3. MOASS - The 'Squeeze has not been Squoze' + +# Part 1: It was consumer sentiment that started the 'Sneeze Squeeze' last January: + +[Link to the SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +**SEC GME REPORT: Shorts didn't cover:** **\[Full credit to (** [**u/WhatCanIMakeToday/**](https://www.reddit.com/user/WhatCanIMakeToday/) **for the charts and comments for this section\].** + +[The Shorts tried to cover starting Jan 22. But then the price kept going up as they did. This early short covering led to several \\"Oh Shit\\" moments. Ultimately, investors realized what was going on and piled in \(FOMO\). Notice the SHORTS BASICALLY STOPPED COVERING on Jan 27! They tried a couple more times Feb 2 and Feb 5. Both of those resulted in the price going up so they stopped. Look at the overall buy volume during those times. The pink short seller buy volume is puny compared to the overall blue color for overall buy volume.](https://preview.redd.it/ydlj5gjfywe81.png?width=960&format=png&auto=webp&s=bb53f9ffcca0fc136a6d2524b2e995f3cfd92f42) + +https://preview.redd.it/wjsn62rpywe81.png?width=1740&format=png&auto=webp&s=0f89007e9fa8ad680a01847bf2a80756555b1bf7 + +https://preview.redd.it/qj5wpwpzywe81.png?width=1770&format=png&auto=webp&s=dee55cee717d93d50e6387c2e13ff1babb81ad72 + +***This is why the SEC concluded that it was investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover"****.* + +# Estimating short positions closed Jan 19th to Feb 5th: + +A great post from [u/dubaicurious](https://www.reddit.com/user/dubaicurious/) estimating 29 million total shares covered during the period January 19th to February 5th. It is also important to note, and what many fail to remember, is that this number **needs to be offset against the new internalized short positions created** during this same time frame: + +[https://www.reddit.com/r/Superstonk/comments/qbgp98/i\_counted\_the\_pixels\_on\_figure\_6\_on\_the\_sec/](https://www.reddit.com/r/Superstonk/comments/qbgp98/i_counted_the_pixels_on_figure_6_on_the_sec/) + +# Internalized short positions: + +In a quote from this interview with Interactive Brokers' CEO Thomas Peterffy discussing the brokerages preventing buying but allowing selling of GME on January 28th (which exposed a systemic risk in our markets): + +"If the call options (150 million) had been exercised ***the shorts would have had to deliver 270 million shares***, while only 50 million shares existed." + +[https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +See other DD related to internalizing of shares in the DD library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +&#x200B; + +# Part 2: Short positions were not closed. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. + +**The options scam (derivative manipulation):** + +This is an excerpt from an article by Lucy Komisar, Investigative journalist and Winner of Gerald Loeb Award, the major US prize for financial journalism: How the GameStop Hustle Worked, June 22, 2021. + +Read the full article here: [https://prospect.org/power/how-the-gamestop-hustle-worked/](https://prospect.org/power/how-the-gamestop-hustle-worked/) + +*Excerpts addressing SI & FTDs:* + +Under SEC rules, shares of companies that fail to deliver in the previous five trading days are put on a “[threshold list](https://www.nyse.com/regulation/threshold-securities).” GameStop’s first date on this list was September 22, 2020. + +Shares failed in massive numbers in the following months, leading to GameStop being put on the threshold list for 39 days between December 8 and February 3, with hundreds of millions of shares failing to deliver. + +https://preview.redd.it/gn5d6n5kkye81.png?width=1050&format=png&auto=webp&s=9105bd5690684f73690e63d281291ce28e299680 + +How could GME be on the list for so long? Regulators have the authority to find out which brokers failed to deliver, facilitating naked shorts. But the DTCC has historically beaten back attempts to reveal naked short selling culprits, or even to tag “borrowed” shares (called the *hard borrow*) so they can’t be “located” more than once. I’ve written previously about how DTCC [pulled back](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) on backing a centralized database that would prevent the same shares from being used for multiple short sales. + +“There is no lawful way for a stock to be on the threshold list for months,” said John Welborn, who teaches economics at Dartmouth. “The only explanation is regulatory apathy, or worse.” Because compliant regulators choose not to track shorts, traders can engage in mischief. + +An obvious sign of market manipulation is massive *short interest*, the number of shares that have been sold short but not yet covered. + +u/rainforest11 of Superstonk explained that FINRA reported short interest at 226 percent of total float at the height of the GME frenzy in January. This means that more than twice as many shares as exist in reality had been sold short at one point. As late as January 28, it was reported by S3, a market data company, to be 122 percent. + +It’s important to note that only the SEC and the DTCC can get the trading documents that would show proof of any fraudulent scheme. But the Superstonk users, through publicly available data, detected patterns that make a strong case at least to investigate the matter. + +New put option contracts after the end of January represented more than 300 percent of shares outstanding, more than 200 million shares. “Melvin Capital, which lost 50 percent of its value, had 6 million shares in puts,” said u/broccaaa. This massive spike suggests that short positions have been hidden using “phantom shares” and “strategic fail-to-delivers.” + +https://preview.redd.it/k62xodmw3xe81.png?width=1050&format=png&auto=webp&s=5a32258e6a7e6c4435c1a6d82e3fafd3f57c8b63 + +As u/broccaaa says, “This spike coincides perfectly with the drop in reported short interest and FTDs.” He sees it as “the most damning evidence of massive manipulation.” + +The options scam can also reset the clock on fails to deliver. Remember that short sellers have two days to locate a stock to prevent an FTD; market makers and other authorized participants may have up to six days. The SEC [explained a trading strategy](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) known as “buy-write” in a 2013 paper. As [Investopedia explains](https://www.investopedia.com/terms/b/buy-write.asp), “A buy-write is an options trading strategy where an investor buys a security, usually a stock, with options available on it and simultaneously writes (sells) a call option on that security.” This recycling of positions shows as a new transaction, so the short sale timer is reset. And the trader may never deliver the shares, because he can roll over the trades and do the deal over and over. + +GME short positions could also be hidden in exchange-traded funds (ETFs), a basket of stocks similar to a mutual fund. u/broccaaa’s research shows that fails to deliver migrated from GME to ETFs in January 2021. The total value of reported short interest (GME + ETFs) remained as high as ever, at over $27 billion owed. + +# Ongoing manipulation: + +Subsequent to the above option manipulation having been identified by [u/broccaaa](https://www.reddit.com/u/broccaaa/), there is plenty of other DD posts that identify and support that ***a variety of derivative strategies - in conjunction with other illegal, unethical, unfair, deceptive, abusive, and anticompetitive business practices - continue to be used to manipulate $GME.*** + +[https://www.reddit.com/r/Superstonk/comments/s3n4pw/the\_compendium\_of\_wrinkles\_correlating\_different/](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +This is a great Fail to Deliver (FTD) post to read or revisit: [https://www.reddit.com/r/Superstonk/comments/qdp9c6/the\_everything\_fails\_to\_deliver\_dd\_part\_2\_lets/](https://www.reddit.com/r/Superstonk/comments/qdp9c6/the_everything_fails_to_deliver_dd_part_2_lets/) + +Estimating Retail Share Ownership: Excludes Institutional, Insider or other types of ownership). + +* [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) +* [https://www.reddit.com/r/Superstonk/comments/oxjv1n/google\_survey\_update\_gme\_ownership\_w\_aapl\_control/](https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/) + +Media manipulation: Ask yourself, why has the media been so intent on communicating the shorts have covered and that GameStop is a poor investment choice – for12 months straight!? Why are they so concerned to advertise and advise against this company? [https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/](https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/) + +Wall Street veteran Charles Gradante calls out naked shorting of GameStop and the subversive strategies used by hedge funds: (listen from 3 min 30 sec) [https://www.youtube.com/watch?v=OChaTm0To1U](https://www.youtube.com/watch?v=OChaTm0To1U) + +Reddit DD Library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +# Short Interest (SI) reporting is now calculated differently: + +**Also important to note is that the way Short Interest (SI) is calculated has been changed. Today's reported SI can now no longer exceed 100%:** + +Traditional formula = Shorts / float + +New S3 Formula = Shorts / (shorts+float) + +The S3 methodology ***assumes no naked shorting***,. The implication in their calculation is that every short share has located a borrow. They believe that simply because it's illegal, naked shorting cannot be happening. + +[https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) + +***Evidence of FINRA data now showing historical short interest as significantly higher now than was previously reported.*** **Chart credit to** u/DecentralizeCosmos\*\*:\*\* + +https://preview.redd.it/fuoi1pcn0xe81.png?width=640&format=png&auto=webp&s=c14125e6938bd9947717505ff568ee56fad68541 + +# Short Interest (SI) reporting: + +Regulation SHO is a set of rules that governs short sale practices.  Regulation SHO established “locate” and “close-out” requirements, which requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” + +A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +***Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs.*** *This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years.* + +Market Makers (MM) like Citadel have to accept all buys and sells, and get a pass on many naked short selling rules. However, they have also been cited for misreporting short positions. For example, on November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. + +It is important to note that the FINRA fines are generally extremely nominal relative to the profit made by these ‘reporting oversights’; and many refer to these nominal fines as just ‘The Cost of Doing Business’. Retail investors are advocating for change to the fines to make them more of a deterrence and would like to see the fines administered equal to, at a minimum, the profit made from these behaviours. Additional fines and the threat of jail time or revocation of the ability to legally short sell would provide an even greater deterrent. + +&#x200B; + +# Part 3. MOASS - The 'Squeeze has not been Squoze' + +[ ](https://preview.redd.it/kte8htg5gxe81.png?width=750&format=png&auto=webp&s=f286a13993251b69dfdb1df1c5e4140c6e50c2ea) + +GameStop has approximately 76 million shares issued, yet had approximately 220% of it’s tradeable float outstanding in January 2021 (FINRA short interest as declared in Robinhood court documents). The rule of thumb is that short interest as a percentage of float above 10% is pretty high and above 20% is extremely high. High short interest like this affirms that counterfeit shares have been created and exist illegally. DD supports that the short interest has has been manipulated and hidden through derivative strategies such as options, swaps, and futures; and that the true short interest could now realistically be sitting higher than 300%. + +Since the ‘Sneeze Squeeze’, Gamestop has attracted [hundreds of talented executives](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) from thriving tech companies like Chewie and Amazon, they now have a balance sheet of around $1.4 billion in cash with virtually no debt, and a new technology focused board of directors. GameStop has undergone a radical strategic transformation, expanding their business model to compete and thrive in an era of mobile gaming and digital downloads, and have been busy reinventing themselves as a major ecommerce player. They already have the footprint of 4,816 stores in 14 countries, and over 55 million PowerUp reward members. As GameStop moves forward with its ecommerce and NFT marketplace, the longer-term potential for this company could rival market giants like Amazon, Apple, and Meta (Facebook, Instagram etc). + +GameStop’s business’ fundamentals have improved dramatically and the current price of $GME is demonstrably manipulated and significantly undervalued. \[This is a [*current intrinsic value analysis*](https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal). Note: There are several methods for valuing a company, and analyst values will vary.\] Simply put - the price of $GME is wrong - and will continue to be wrong until the manipulation of the stock is eradicated and the short positions are *closed* \- not just *covered*. As short positions are forced to buy and close out their positions at the market 'ask' price, and in the event that retail owns the float and investors hold out on the sale of their shares we could have not just a ‘Short Squeeze' - but the 'Mother of all Short Squeezes' (MOASS). + +&#x200B; + + Opinions and illustrations only. Not advice. Always conduct your own DD and make an informed decision that is right for you. + +DISCLAIMER \*:\* Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein.\*\* + +&#x200B; + +*Edit: Removed intro. Note: This post was brought about by the following post. I believed the answer deserved its own post with graphic support:* [*https://www.reddit.com/r/Superstonk/comments/sgah3v/can\_anyone\_counter\_the\_counterdd/*](https://www.reddit.com/r/Superstonk/comments/sgah3v/can_anyone_counter_the_counterdd/)*\]*[*https://www.reddit.com/r/Superstonk/comments/sgah3v/can\_anyone\_counter\_the\_counterdd/*](https://www.reddit.com/r/Superstonk/comments/sgah3v/can_anyone_counter_the_counterdd/)*\]* + +*Edit 2: Added Estimating retail share link plus Short Interest (SI) is self reported section.* + +*Edit 3: Jan 31st Amended Short Interest (SI) reported title, added internalized short positions, media manipulation, and Charles Gradante content on gme and hedge fund manipulation along with some other minor updates. Reposted this in it's entirety for those who missed this original post and for exposure to the updates.* + +Edit 4: Extra content: **Estimating Retail Share Ownership:** (Excludes Institutional, Insider or other types of ownership): + +* [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) +* [https://www.reddit.com/r/Superstonk/comments/t78n39/fresh\_google\_consumer\_surveying\_suggests\_830mm/](https://www.reddit.com/r/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/) + +&#x200B; +For info - in New Jersey, large public apartment complex company that owns multiple buildings throughout the country. + +We received our renewal offer, was about $450 monthly higher than other identical apartments we’ve seen on the website. I spoke with both the on site manager and the “owner” of the building (not sure how that works as it’s a large public apartment complex company that owns multiple buildings) to discuss getting a lower rent for our renewal. Best they can offer is 1/2 month concession for us to renew. I told him that I’m 99% sure that when we submit our intent to “vacate” the apartment, it will be advertised on their website for significantly cheaper than what they’re offering me. He told me that I am probably right. I was also offered to transfer to an identical unit available at that same lower cost ($450 cheaper monthly) + +So, we submitted our intent to vacate, within an hour it was on the website for ~$450 cheaper than the renewal offer (same as the other identical units). I immediately re-applied for it, and by that time the office was closed so I had to wait overnight to speak to someone. + +Went to the office this morning (it was a different person than I had previously discussed the situation with), was told that normally this isn’t supposed to happen, because the prices being advertised are only “introductory rates” to get someone into the building. I asked then why I’m able to transfer to an identical unit for the exact same price decrease? No answer other than re-iterating that it’s a difficult situation because we’re currently living in that same apartment. I told him that this is no different than me submitting our intentions to vacate, and then “transferring” to the new apartment (which happens to be the same apartment that were in) - the exact situation that was previously offered to me. They are going to go back and discuss with their colleagues and call me back on Monday. + +It sounds like they’re doing everything they can to avoid allowing me to stay in this unit at a lower rate. Any advice on what to be prepared for the next time they give me the run around? I am fully expecting them to decline my application for any random reason. +tl;dr version: The dips are market manipulations by institutional players. Don't panic sell, and think carefully about where you set your stop-losses at least until the $100K mark. + +So I keep seeing people compare this bullrun to 2013 or 2017. But they're wrong. Unlike the inherently speculative nature of the previous runs, this is an accumulative run driven by institutions and high-wealth individuals. They think and act differently, and you need to know the difference. + +You may have noticed a pattern of late that an ATH is reached, and then it immediately pulls back significantly. I see people putting it down to "corrections" or "dips" that you normally see but it's not. It's an intentional market manipulation by those big players. + +The problem that they're running into is that there simply isn't enough BTC on the market at any given time to satisfy the needs of the institutions themselves and the clients they serve. They have to find ways to pump liquidity into the market, so this is what they're doing. + +They don't care about short-term trading losses. They're dumping large amounts of BTC in the form of BTC and derivatives to drive down the prices and trigger stop-losses and panic selling. BTC that would otherwise be safely locked up are being released onto the market, and they're snapping them up at (relatively) bargain basement prices. + +Then what happens afterward? They've now sucked all the possible liquidity out of the market. It's gone. Everyone they can possibly induce to sell has sold. Which leaves only those waiting for higher prices to sell. And so we hit a new ATH, rinse and repeat. + +So how will we be able to tell when it's a real "dip" or "correction." They've already told us. JPMorgan says their target is $146K. Citi says $300K. And if players like JPM and Citi have set targets, you can bet the others have too. We just don't know where they are. A safe bet is somewhere in between those two numbers. + +JPM probably won't wait for $146K to stop buying, and Citi's not going to wait for $300K. If I had to place a guess, I'd say somewhere that would leave them at least a 10% gain (which would be better than an average year investing in the S&P500). That places JPM's # somewhere around $130K and Citi at $270K. Until we're safely past $100K at the very least, they're not going to stop. Continue on with your HODLing no matter what kind of gyrations they put the market through. +##There seems to be a rash of personal targeting going on lately in the Daily Discussion. It feels a bit like 5th grade recess. + +##I'd like to remind everybody, especially those who aren't even interested (for whatever reasons) in Ethereum, but yet still come in here to discuss your other trades, that you are being welcomed here because /r/*Eth*Trader is an open-minded community. + +##Please do not abuse that welcome because you regularly disagree with someone else's trading perspective. Everybody has their reasons for their trades. If someone articulates their reasons for trade X or trade Y and you disagree, then either articulate *why* you disagree, or move on. + +##But please, let's stop with the mocking, deriding, and ridiculing. + +##Thanks. +Hello all! + +Just wanted to update the gang on my progress. I have realized $9309.25 since Oct. 27. Not the 5-7k a week that I proclaimed before, but still good in my book. I aimed for .3 delta, waited to sell options between 2 hours after market open and 2 hours before market close (AMZN tends to settle in the midday in my opinion). I also, bought back once to reopen at a higher strike and DTE for more premium. In the spreadsheet, I just put some columns of alternatives to compare to my realized gain. If I bought and held 100 shares of AMZN, I would have unrealized -16560. If I bought and held 1 share of BRK-A, I would have unrealized 30799. And, the column with X/310000, is just a percentage of realized gain to the amount I sold my house for. + +[Ledger](https://preview.redd.it/2xt84f6esh061.png?width=1630&format=png&auto=webp&s=00ab8e33eecc3466bd80ad7337ff7429664879f3) +I know we’re all focused on making money. I love this subreddit and everyone is extremely helpful here. But we need to spruce it up even a little with a subreddit picture (maybe the theta symbol with a green background 🤷🏻‍♂️) and a picture for the bar on top. Just an idea. Would be cool. +https://www.marketwatch.com/story/everybody-is-looking-at-inflation-through-the-wrong-lens-the-best-measure-shows-it-fell-to-the-feds-target-in-the-past-three-months-11665669475 + +Text version: + +Inflation is slowing, but how much is it slowing? + +That’s the big question facing policy makers, investors and consumers. + +Unfortunately, the way we talk about the inflation numbers — released Thursday — can confuse as much as it can clarify. If we focus our attention on how much inflation we’ve already endured, we may miss clues about how much inflation we have yet to endure, which is the most important question. + +Instead of concentrating on the here and now, most reports put the year-on-year inflation rate in the headline. + +Not to pick on anyone, but here’s how The New York Times reported Thursday’s report on the consumer price index: “Consumer prices rose 8.2 percent in the year through September, in a report that dashes hopes that inflation in the U.S. may be slowing down.” + +That’s not wrong, but it’s seriously misleading. I’ll show you a more useful way to think about the numbers. + +Making sense of economic data is often a matter of finding the right context, which means the first thing you should do is ask yourself how you want to make use of the data. There are several correct ways of displaying the data, but some are better than others at answering specific questions. + +What’s inflation done over the longer run? +For instance, if we want to know how much inflation we’ve already endured, it might be best to look at the year-on-year increase in the CPI. (The same logic in this column applies to the Fed’s preferred measure, the personal consumption expenditure price index.) We would compare current prices with prices a year earlier. This may be the most common way the CPI is reported in the media right now, because it puts the intensity and persistence of inflation into a perspective that readers can relate to. + +This method answers the question: How far have we come? + +In this case, we would find that consumer prices have risen 8.2% since September 2021. That’s very high inflation, but it’s lower than the 9% year-on-year increase recorded in June, which was a 40-year high. + +If we looked just at the year-on-year increase in the CPI, we might agree with the Federal Reserve’s assessment that there hasn’t been an “appreciable decline” in bringing inflation down to the 2% target. + +The year-on-year perspective is good for seeing how far we’ve come, but it’s not so good at predicting where inflation is going, because it’s essentially a backward-looking measure. It gives equal weight to inflation in September 2021 and inflation in September 2022. Yet the inflation rate from a year ago has little bearing on what the inflation rate will be going forward. + +The best predictor of this month’s inflation rate is last month’s inflation. The CPI is dominated by so-called sticky prices that don’t change very often. Inflation is pretty persistent from month to month. + +What’s inflation doing lately? +So if we wanted to know how hot inflation has been running lately, we’d look at a shorter period of time, say, one month. The media frequently report the CPI this way, using the month-to-month percentage change rather than an annual rate. + +In this case, the data would say that the CPI rose 0.4% in September after a 0.1% increase in August. + +But using the monthly percentage change seems like a weird choice when we use annual rates for the year-on-year gain. It’s like talking about miles-per-hour and then switching to feet-per-second. + +That’s why many analysts prefer to convert the monthly change into an annual rate so that it’s comparable to the year-on-year inflation rate. The data say that the CPI rose at an annual rate of 4.7% in September versus the 17.1% pace in June, which was a 17-year high. + +The monthly data seem awfully noisy. So let’s find the underlying trend by taking a three-month average to smooth out the bumps. In this case, the data say that the CPI rose at a 2% annual rate from July through through September, down from 11% in June and 11.3% in March, which was a 41-year high. + +This perspective answers the question: What’s happening with inflation yesterday, today and tomorrow? + +If we look at the three-month smoothed annual rate, we might disagree with the Fed about how much progress they’ve made. Going from 11.3% in March when the Fed started raising interest rates to 2% now isn’t nothing. It looks like — dare we say it? — progress. + +The Fed has actually hit its 2% target over the past three months, but of course the Fed is concerned that inflation could accelerate from here, especially in the hugely important shelter category, where hot inflation for the next year or so is baked into the cake. + +What question do we want to answer? +All these measures of CPI are correct; they just come from a different perspective. Which one should we pay attention to? The one that says no appreciable progress has been made, or the one that says some-but-not-enough progress has been made? If we have a bias toward which story we want to tell, the answer is obvious. + +But if we want an honest account, we’ll use the perspective that answers the question we are asking and let the chips fall where they may. (What you don’t do is start with the answer you want and then work backwards.) + +That’s why I think the best way to think about the inflation we’re seeing now — and which is likely to persist in the near future — is to look at the three-month smoothed, seasonally adjusted annual rate. + +That perspective is a lot more honest than the other way, and it’s a lot more hopeful, as well. +So, we just bought our first home. We closed right at the end of the year, so we have been in the house for about six months. Yesterday a realtor came by the house while I was at work and left her business card with a note to call her. I assumed she was selling something and paid no attention. Last night see sent me a friend request on Facebook. I thought this was strange, but noticed that we did have a mutual friend, so I accepted. See sent me a PM to call her. I called her and apparently the original owners of the house would like to buy it back. This all feels very strange, but I did research the realtor and she seems to be legit. Now I am not sure what to do. What say you? + + +Edit: It is not the people that we bought it from wanting to buy it back. It is the original owners from when it was built. + +Edit: Also, they apparently put an offer in just after we got the contract on the house. The realtor mentioned that they would want the sale to be contingent on them selling there current home, which is in a very nice neighborhood. +#Welcome to the **/r/CryptoMarkets** Monthly Discussion thread. The thread guidelines are as follows: + *** + + - Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + - Breaking news or other important content should be submitted as a separate post. + - Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread. [See here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/). + - If you are using RES, please click the subscribe button for the comment section to be notified when new comments are posted. + - Follow the golden rule and be excellent to each other. + + *** + + Thank you in advance for your participation. Enjoy! +http://www.reuters.com/article/us-snap-morganstanley-downgrade-idUSKBN19W1HA + +"Snapchat's ad platform not improving/evolving as quickly as expected, and competition from Instagram is rising" - MS + +** "We have been wrong about SNAP's ability to innovate and improve its ad product this year" - MS analyst Brian Nowak + +** MS says advertisers are struggling to create SNAP ads with adequate completion rates, while app download declines have accelerated + +The lock-up period for early investors to sell their shares expires on July 29. +Maybe/hopefully this can be a lesson to other newbies + +&nbsp; + + +My very first trade was to go and sell a 3/12 Put (for .72 premium) + + +But since I was nervous about my first ever options trade I set buy/close triggers if I incurred 20% losses beyond what I earned (so, buy back if premium rose to .86), or if I could retain 75% profit (so, close it out at .18 premium) + + +&nbsp; + + +Unfortunately, I almost immediately learned that I should have paid closer attention to bid-ask spread... + + +There were no Asks between .72 and my limit of .86, the next Ask was at 1.00 + + +Which meant the buy trigger I set apparently saw that the price had 'risen' above my .86 setting and it bought the 1.00 Put to close the position + + +&nbsp; + + +$28 gone before I could even finish my cup of coffee + + +After the initial confusion/shock/anger I'm glad it happened because it taught me I really need to triple check my trade as well as my exit plans (does it make sense logically, and technically) before I execute or I can inadvertently burn myself + + +Thank you for reading, and don't do what I did +Updated: I think I understand what it means. + + +This was filed today, I'm not sure how big of an impact this is but.... + + + FICC has been notified of J.P. Morgan Securities LLC’s intent to close its JSBA, JSGU, JSCG, JSCT & JSCW Clearing and EPN accounts effective June 24, 2021. + + FICC will publish the final termination notice once all obligations of J.P. Morgan Securities LLC‘s JSBA, JSGU, JSCG, JSCT & JSCW Clearing accounts have been satisfied. + +[https://www.dtcc.com/-/media/Files/pdf/2021/6/16/MBS991-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/6/16/MBS991-21.pdf) + +&#x200B; + +Can any other wrinkle brain explain why they would be closing these accounts all of a sudden? And the fact that it was addressed to ALL MBS participants of the DTCC + + + +Edit: it looks like it's been posted and someone has been saying they're holding cash.. + +I looked at the recent comments of Jaimie Dimon, he's saying that he's keeping cash because inflation is here to stay? + +Update: After seeing around certain comments and doing more digging, this is my opinion is that they're closing these accounts because they don't want these accounts to be included in the payout when the other members are forced to cover for those that couldn't when MOASS happens? + +https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf This should explain some of the reasons why these guys don't want to stick around. + +Another Update /u/whiteguywhocandance commented that these accounts MAY belong to "Jane Street LLC" + +So looking into Jane street even more, They seem to like this stock "Gotu" Back in January it was pumped to $143. Melvin Capital had calls on this company during the time of the pump. Suspicious? + + + +TLDR: What I'm reading is that if a defaulting member runs out of funds/assets to cover their debt, anything owing will affect other participants until all debts are satisfied. + +ELi5 - They're jumping ship because they don't want to pay for the bill when MoASS happens. That's why they're closing as many accounts possible and just sitting on cash. +What would be the best strategy for fire for me. I’m thinking a mixture of both but I’m not too sure. I would like to retire in 10 years if possible. I’m trying to invest roughly 1000 a month with 6000 already invested. What I’m currently invested in is O, T, QYLD, SCHD, FSKAX, KO, JNJ, XOM, and ORC. What would be some recommendations on what I should do with my portfolio that fits with what I need? I would like a to have 2000 to 3000 a month for retirement +I don't get why I shouldn't take every dollar I have and buy Albertson's stock. Let's say I buy 100 shares of the stock on Monday - or anytime before October 21st - at $26.21, or thereabouts = $2621. They're going to pay a dividend of $6.85 on November 7th. Then they're going to buy me out for $34.10, less the $6.85 dividend already paid = $27.25. + +All I have to do is hold the stock until the merger is complete, and blammo, I've made $6.85 on the dividend payout and an additional $1 on the appreciation. Almost $8 a share in a couple/three months - a guaranteed $800 return on $2600 in just a few months. + +Right??? **Can someone take me through the math like I'm a six year old and explain why I shouldn't do this? Why we all shouldn't be doing this?** +here's the not so quick summary: +in 2019 I was working for a startup. one day the director comes and say "sorry but we are having cash problems, it's temporary but the june pay will be pushed to mid july. Mid july comes and goes, not a peep. July 31st we go to office, doors are locked by landlord because director hasn't paid rent for 3 months. + +The company at that stage was basically toast, I remained technically employed, submitted ET case and won it for 2 months of unpaid wages. I remained technically employed until i found a new job in september and resigned. the accountant reports to HMRC that I've been paid in full for june, july, august, and portion of September, and sends me a p45 indicating the same, which is false. + +Administrators take over, got to submit a claim with redundancy payment service and got the max allowed reimbursement (8 weeks capped at 525/week + holiday + nootice) which only covered about 40% of my owed wages. I enquired about the false tax records reported, and was told once the Redundancy payment serivce completes my application, these details would be fixed to reflect my actual income from the employer. that never happened, it still to this day shows that i was paid in full in addition to the redundancy payment service. + +this caused hmrc to calculate that I underpaid taxes and owe over £2000, and they start automatically taking out 200/month out of my pay. I have been dealing with them since September, and they still refuse to fix it. + +here's what i went through + +- Was asked to submit in writing all the evidence i had, which i did (submitted emails, RPS forms, ET claim and judgement, payslips, bank statements), and was told a special team would contact me to deal with this issue, no one ever did. + +- Called again, was told my case was closed because it's not their jurisdiction to change my income info. was told I have to ask previous employer to submit Earlier Year Update, told them i have no contact and employer no longer exists, was told to wait for special team call back, never got a call. + +- Called again, was told to speak with liquidator and ask them to submit EYU, spoke to liquidator which was giving me a 1 weak turnout to respond to my emails, and basically told me there's nothing they can as they don't have EYU submitting capabilities, and they tried to sort the issue out with HMRC but they were not responsive. eventually they just gave me a letter saying how much money i was owed and said that's it nothing else they can do. + +- called HMRC again, was told the system wouldn't allow them to change my tax records and a special team would have to call me back in 13 days and manually fix my tax record, that was 25 days ago, still no call. + +- called again, was told the same schtick the system doesn't allow blah blah blah, wait for special team call and deal with this manually. + +and here we are, i just watched another 200 quid go out of my payslip today, and there's nothing i can do about it. + +I don't know what to do, they won't call back, i'm waiting 45min+ on hold every time i call, the hold music is giving suicidal thoughts. + +I feel like a thief just walked up to me and started slowly taking money out of my pocket while looking straight in the eye and saying "sorry can't stop the system won't allow it" + +WHAT THE FUCK DO I DO??? + +Edit: thanks a lot for all the advice, I have multiple avenue to approach now 1)speaking with local MP, 2)filing a complaint with HMRC, and 3)speaking to an accountant +He did his own research and came back with "Ethereum is corrupted and centralised, and Ethereum classic will go up in value if Ethereum switches to PoS because miners will switch ....". This made him invest in classic instead of Ethereum. + +I told him that if everyone believed the same thing, that it can become a self fulfilling prophecy (to a point) and ETC could indeed go up in value. Ethereum will certainly get a lot of flak for switching to PoS. Nonetheless (i explained) the fundamentals are still wrong. + +Maybe I'm just venting. + France’s competition watchdog has fined Google 220 million euros ($267 million) for abusing its market power in the online advertising industry. + +The French Competition Authority said Monday Google had unfairly sent business to its own services, and discriminated against the competition. Google has agreed to pay the fine and end some of its self-preferencing practices, the watchdog said. + +The investigation found that Google gave preferential treatment to its DFP advertising server, which allows publishers of sites and applications to sell their advertising space, and its SSP AdX listing platform, which organizes auction processes and allows publishers to sell their “impressions” or advertising inventory to advertisers. Google’s rivals and publishers suffered as a result, the regulator said. + +Isabelle de Silva, president of the French Competition Authority, said in a statement that the decision is the first in the world “to look at the complex algorithmic auction processes by which online advertising ‘display’ operates.” + +She added that the investigation revealed processes by which Google favored itself over its competitors on both advertising servers and supply-side platforms, which are pieces of software used by publishers to manage, sell and optimize ad space on their websites and mobile apps. + +“These very serious practices have penalized competition in the emerging online advertising market, and have enabled Google not only to preserve but also to increase its dominant position,” said de Silva. + +“This sanction and these commitments will make it possible to re-establish a level playing field for all actors, and the ability of publishers to make the most of their advertising spaces.” + +Google announced in a blog on Monday that it will be making a series of changes to its advertising technology. + +“We recognize the role that ad tech plays in supporting access to content and information and we’re committed to working collaboratively with regulators and investing in new products and technologies that give publishers more choice and better results when using our platforms,” wrote Maria Gomri, legal director of Google France. + +The investigation comes after U.S.-based News Corp, French newspaper Le Figaro and the Belgian press group Rossel filed a complaint against Google. + +Regulators across Europe are clamping down on the major U.S. tech giants amid concerns that they wield too much power on the bloc’s 700 million plus citizens. + +Last week, Facebook was hit by two antitrust probes from regulators in the U.K. and Europe. + +The European Commission has launched probes into Amazon, Google and Microsoft over the last few years, while the U.K.’s Competition and Markets Authority has also launched probes into Google and Apple since it became an independent regulator in its own right in January following Britain’s exit from the EU. + +[https://www.cnbc.com/2021/06/07/google-fined-by-france-for-abusing-online-advertising-position.html](https://www.cnbc.com/2021/06/07/google-fined-by-france-for-abusing-online-advertising-position.html) +**Edit 1:** See Edit 1 at bottom of post. Thanks to u/FloTonix for reaching out to Fintel on Twitter. To Fintel's credit, they responded quickly and took away 4 million shares from their insider numbers. They're still off. + +**TA;DR** Fintel is now misreporting Insider Shares at 18.8 million, which is an increase of \~4 million in the last few days. There have been no new SEC filings since October 4, 2021 for insider shares, so this number is bullshit. Computershared.Net pulls insider ownership from Fintel, so the estimated float will be off. Bloomberg has been reporting 12.6 million since October 2021. Bloomberg has its faults (Brazilian puts), but their ownership data is pulled directly from SEC filings. I recommend that Bloomberg inside ownership data be used in lieu of Fintel. + +**TA;DR End** + +Last week, Fintel was overestimating Institutional Ownership by including, among other things, 9 million shares that Fidelity had dumped in 2021 Q1. The post was debunked, but to no fault to the ape who believed reporting agencies like Fintel were reliable. + +[https://www.reddit.com/r/Superstonk/comments/rtnho9/havent\_seen\_this\_posted\_here\_yet\_finra\_year\_end/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rtnho9/havent_seen_this_posted_here_yet_finra_year_end/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Now, Fintel is overestimating Inside Ownership with bullshit numbers. + +Current Inside Ownership per Fintel website ([https://fintel.io/n/us/gme](https://fintel.io/n/us/gme)): + +https://preview.redd.it/37uho6fu5xa81.png?width=974&format=png&auto=webp&s=5eb3d2e4409abb51ba94fb8f2d4698828c871eca + +[ Breakdown of Fintel Inside Ownership - Note the duplicates](https://preview.redd.it/5okod4yw5xa81.png?width=974&format=png&auto=webp&s=df41f3c469067ea60022a5cf6b485f9a66c195f3) + +Insiders listed above and sorted by position (notice duplicates): + +[With duplicates = 59,529,460 shares](https://preview.redd.it/ikz5fo5b6xa81.png?width=573&format=png&auto=webp&s=0d8dd9dd520690ebd3afb56d8a18293eca15929e) + +&#x200B; + +Removing duplicates gets us to the reported 18.8 million insider shares: + +https://preview.redd.it/khejttfk6xa81.png?width=756&format=png&auto=webp&s=fa3df4b53b943beae4d3f430a912b118f464be89 + +First off, we know Ryan Cohen (RC Ventures) owns 9,001,000 + +Second off, David D. Kim (1987) is long gone and has never been reported as an inside holder since RC took over, and there certainly hasn’t been any SEC filings to suggest someone took such a large position. So subtract 4 million. + +Third, Julian Paul Rain sold off a while ago. Here’s a Bloomberg snapshot showing him and others selling back in 2015. Again, Julian Paul Rain was not disclosed as an insider in the annual report and there hasn’t been any new SEC filings to suggest he took a large position since RC took over. + +https://preview.redd.it/ic72wz9a7xa81.png?width=974&format=png&auto=webp&s=7c3546ac4aa1e052edc510c60aabc8066bbf1d8d + +And there's more, but fuck you Fintel for the hour I just wasted documenting your incompetence and/or corruption. + +Bottomline, Fintel ownership data is crap. Are they purposively misleading? I don’t know. Why give us larger numbers that suggest float lock up is more imminent? For future disappointment? + +Bloomberg has been reporting the following for months. The last change in insider ownership was on October 1, 2021. You can check SEC Edgars or GameStop Corp Investor Relations SEC filings: [https://www.sec.gov/edgar/browse/?CIK=1326380&owner=exclude](https://www.sec.gov/edgar/browse/?CIK=1326380&owner=exclude) + +[https://investor.gamestop.com/sec-filings](https://investor.gamestop.com/sec-filings) + +https://preview.redd.it/1asjflzm7xa81.png?width=975&format=png&auto=webp&s=39cab5628644015eb92aa488fcee2385d20bb607 + +https://preview.redd.it/4xkc3dwo7xa81.png?width=975&format=png&auto=webp&s=5e0d63bcdf9f0a00f6c50e9e9317bf9bda24722f + +https://preview.redd.it/p2vqivhq7xa81.png?width=975&format=png&auto=webp&s=ebf021a56f2c84cbb2d428b436f4924cba203c1f + +https://preview.redd.it/r1gqt8zr7xa81.png?width=975&format=png&auto=webp&s=7a5d1e1fc9c1ed98b276c45607631ec47c3e3c01 + +Condensed Version: + +https://preview.redd.it/m34l5qjv7xa81.png?width=690&format=png&auto=webp&s=3d60f923801bdb4158ab5d941a2ba3a2922df5fb + +Previous Bloomberg posts that include Insider Ownership: + +December: [https://www.reddit.com/r/Superstonk/comments/rlg6yu/update\_on\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rlg6yu/update_on_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) + +November: [https://www.reddit.com/r/Superstonk/comments/qp3bzy/bloomberg\_update\_on\_float\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qp3bzy/bloomberg_update_on_float_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) + +September: [https://www.reddit.com/r/Superstonk/comments/qci4nn/gamestop\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qci4nn/gamestop_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**TA;DR** Fintel is now misreporting Insider Shares at 18.8 million, which is an increase of \~4 million in the last few days. There have been no new SEC filings since October 4, 2021 for insider shares, so this number is bullshit. Computershared.Net pulls insider ownership from Fintel, so the estimated float will be off. Bloomberg has been reporting 12.6 million since October 2021. Bloomberg has its faults (Brazilian puts), but their ownership data is pulled directly from SEC filings. I recommend that Bloomberg inside ownership data be used in lieu of Fintel. + +&#x200B; + +**Edit 1:** u/FloTonix reached out to Fintel on Twitter and here's their reply: + +&#x200B; + +https://preview.redd.it/xapnr5c19za81.png?width=603&format=png&auto=webp&s=d03dac7a0bfdb811e228901dd1e8a88efe73aa0c + +So it looks like we're back to the numbers they were reporting just a few days ago. It's still not accurate. For example, Fintel incorrectly shows Julian Paul Raines with 656,483, Robert Alan Lloyd 534,056, James Bell 511,905, Tony Bartel 412,132, Hamlin Frank 390,359, Michael Mauler 346,353, Richard Fontaine 238,534, etc. These numbers are stale. I'm sure there's more, but I'm not doing the rest of their homework for them. +The confirmation has never been this firm, and is no longer bias. 5.2 million shares directly registered with Computershare. The countdown has begun and it’s no longer a question of if, but when. + +Have you asked yourself what you’ll do when you’re free? When you don’t need to work, what will you do with your time? My plan is to help as many other people to be free as possible. I’m not remarkably talented at anything, but I can empower people who are. +How would you invest $100,000 in cash assuming you had to buy properties all cash (no financing) + +1. buy 1 property worth $100,000 ? in which market ? why ? +2. buy 2 properties worth $50,000 each? in which market? why ? + +Please keep in mind... no financing... so whatever you buy, you have buy out right +Do you prefer apartments, single family homes, small multi family? I guess large multi family would be the choice of everyone who can afford such venture? Just want to hear the pros and cons of all. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +I received an email today saying I was being let go from my part time position, as the bosses "foresee that we will only have 1 staff member on at any time for quite a while and cannot justify keeping staff on file when I don’t think we will use them for 4 months." They mentioned that they don't have enough cash flow to be able to cover the cost of paying all the employees until the government reimburses them, which I can understand. + +Issue is, we received an email on the 14th of April saying everyone was being kept on as we all qualified for the jobkeeper payments, but suddenly today a few of us were fired whilst the others were given their jobkeeper forms for which the business was finally approved of. + +I'm not sure if they're right to do that but it doesn't sit right with me that we get fired now once they've been approved and not earlier when they could've come to the same conclusion of not needing as many workers once they re-open. In that time we could've applied for the jobseeker payments and received payments for the past couple weeks at least from centrelink. I don't know enough about this so I was wondering what people on here thought, are they legally allowed to do this or is it dodgy? And if we were only let go today, would we still be getting the jobkeeper payments for this time period at least? + +Don't mean to come off as a sook, I know this is a really unusual event. But just worried that if we don't have jobs after things reopen then it'd be nice to have a decent savings to fall back on. +Basically title. I'm annoyed I was switched to a card with a fee, for no reason. I don't see a difference in the cards (can someone point this out to me?) + +Edit: culprit was found. Thanks for the help. I added an AU (authorized user) and though they never carried a balance, they maxed the card every other month due to spending cycles not syncing. + +I'll decide this week whether to cancel. +**Background** + +I've spent the last \~7 months attempting to get Citibank to close a high yield savings account that was never supposed to be opened and had never been funded. After applying and waiting almost a month for them to "verify my address" off of a utility bill, I called to ask them to stop the application process, which they confirmed they would do. I also never returned the tax form they stated in writing was required for account activation. Thinking the application process was halted, I applied for a similar Capital One account (which took less 5 business days to activate). + +After being told my application was halted, Citibank attempted to withdraw funds from my existing savings account, which was rightly flagged by the bank as fraud. Since then I've called 1-3 times monthly asking Citibank to close the account, which shouldn't have existed in the first place. I was told multiple times that the account would be closed, only to receive yet another monthly statement indicating it was open. + +**Resolution** + +I lucked out and found a mention of the [Consumer Financial Protection Bureau](https://www.consumerfinance.gov/) in a forum for getting Citibank to act. On 19 May I submitted a complaint. CFPB requires that the bank respond within 15 days, and today, **finally**, Citibank closed the account. I'm normally cynical about the effectiveness of government agencies, but this was impressive. Thought I would share with others for future reference. +I've been noticing a lot of talk about a "fake squeeze" happening lately. The idea is that shfs will let the price rise and then short it into the ground after a new ATH and have another round of msm articles proclaiming moass over. The idea seems to be based on JP Morgan alluding to a coming short squeeze. I'm just thinking outloud here but I suspect the true ploy here is to spread the idea of an upcoming attempt to fake a squeeze so that people consider selling some shares with the intention of buying back in after and multiplying their position. I think this might be an attempt at installing a failsafe to create enough sell pressure at the beginning of what could become MOASS and thwart it. We have a strong theory that they could never let the price get so high without marge calling for real, so remember that when it starts going up to new heights that this most likely IS the beginning of the real MOASS. You will likely be giving up your moon tickets if you sell and will not have a chance to buy in at a lower price. And if you DO have that chance, then you could potentially have helped stop or slow down MOASS. + +TLDR: Wtf do we care if it's a fake or a real squeeze. The real squeeze will come regardless. Don't day trade GME, and HODL until phone numbers! + +I'm not a financial advisor, I'm a smooth ape. This is not financial advice. +Edit: I attempted to call the office of the police department that was given to me on the crash report paper, but the office is closed for the weekend. Google confirmed that as well. There is a different 24/7 nonemergency number I can call, but given that everyone here unanimously thinks this is a scam I am not going to call. I might call the original office on Monday and will report back what happens. + +--- + +I was in a serious car accident 1 week ago, where my car was totaled and I had to go to the hospital. I was not able to provide the officer with my insurance since it was in the car, although I gave him my phone number and drivers license. The police officer gave me a crash report paper with his name on it. The police officer was a man, which will be relevant in a moment. + +Today, 1 week later, I received a text message on my cellphone from someone claiming to be the police officer with the same name, and asking me to send a picture of my AAA policy card in order for them to fill out the traffic accident report. + +I googled the phone number but didn't see any results. I don't use AAA for my insurance. + +Later, I received a call from this number, and I picked up the phone, and a woman said she was this officer and needed this information. I told her that I met the police officer last week and he was a man. She then said that was a different officer. + +I explained that I wasn't comfortable providing that information to an unknown telephone number, and asked if I could call the police office phone number provided on my crash report ticket. The person who picked up became rude, saying that the office was closed on the weekend, and that she would be out of the office Monday through Wednesday, and if I don't send this information now then my crash report would be filed late and would cause me issues. I told them to please call me back from the real police officer phone number and didn't provide any information. + +A separate number called me 5x in a row after this and I did not pick up. Googling the second number returned no results. + +I received another text message from the first number saying that the officer was going to issue me a citation for no proof of insurance via the mail, since I was declining to provide it. + +\------ + +This feels sketchy and a scam to me. However I'm not sure what the scam is. + +It seems like it might be real because how would a scammer have my phone number, know I was involved in a crash, and also include the same name of the police officer I met last week? I'm also not sure what a scammer can do with a picture of my insurance anyways. I did call the police office and confirmed that they were closed for the weekend. + +It feels like it might be a scam because 1) the phone number is not listed on google. 2) I don't use AAA for my insurance but she asked for it specifically. 3) the person on the phone was a woman, and claimed that the original officer I met was a different person, even though the name she put in the text message was identical to the name from the crash report. I suppose it is possible that there were two officers, and the crash report contained the name of the woman, even though I only spoke with the man. 4) The fact that they were trying to be pushy about me providing this information now even after I said I was not comfortable providing this information to an unknown telephone number. 5) Now she says she is going to issue me a citation. + +Is this a scam or did I just cause unnecessary problems for myself? +There are a lot of new members coming due to the recent increase in the price of Dogecoin so I think this needs to be said again. YOU DO NOT own any Crypto Currency that you buy on Robinhood, you can not withdraw any cryptocurrency you buy on Robinhood, platforms like Robinhood defeat the whole purpose of cryptocurrency. + +Robinhood has shown in the past that it is willing to halt trading of securities and certain cryptocurrencies which has caused users to lose thousands of dollars. + +If you are new here I would recommend first reading up on cryptocurrency. Don't just jump in on fear of missing out. Make sure that you know what you are getting into first. + +After that you can start thinking about buying cryptocurrencies. You can purchase cryptocurrencies from several popular exchanges/platforms such as Binance, Kraken and Coinbase. You can then either choose to keep your coins on the exchange or the preferable option to create your own wallet and transfer your cryptos there. You should note that there will often be a transaction or a 'gas fee' when moving most crypto's off an exchange and into your wallet which depending on how much of a crypto you own might not make it worth it to move off an exchange. + +From there you should bet set, there tons of great past threads on this subreddit about crypto that will probably answer the majority of questions you have so always google them. +Guten Tag to this global band of Apes! 👋🦍 + +Yesterday was a bit quieter than the rest of the week, though the split versus split-by-dividend controversy rages on. +It continues to be apparent that the DTCC is central to the problems, having instructed institutions to treat it as a split instead of providing them the shares to distribute as a stock dividend. +There was some fantastic DD highlighting exactly why they would do this. +If they did not have enough shares to provide to all HODLers, the shortage of shares would be reported as Fails and the magnitude of the SHF crimes would be laid bare for all to see. +While that is exactly the kind of transparency that we all deserve, the DTCC serves different masters and is poorly regulated by the SEC, so they instead chose to try to protect their masters by continuing to conceal the crimes. +One thing is certain: they have not yet corrected their error. + +Fortunately, Apes around the world continue to push to ensure that they are held accountable. +While the SEC remains quiet on this issue, BaFin appears to be pushing toward a resolution for GS2C HODLers. +Meanwhile, the price continues to steadily march upward, now closing very close to the Critical Margin Theory limit that we've seen them *aggressively* resist. +Their attempt to push a new 'meme stock' to avoid margin calls and extract capital from retail investors FOMOing is a bit too obvious, but I have a feeling that they are once again up against the wall. +Will we once again see the price attacks when exceeding the CMT line? + +The DRS velocity is incredible to watch. +Diamantenhände will emerge victorious. + +Today is Thursday, August 4th, 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: **$37.97 / 37,24 €** *(volume: 4499)* +- 🟩 115 minutes in: $37.85 / 37,13 € *(volume: 4029)* +- 🟥 110 minutes in: $37.83 / 37,11 € *(volume: 3279)* +- 🟥 105 minutes in: $37.83 / 37,11 € *(volume: 3208)* +- 🟥 100 minutes in: $37.83 / 37,11 € *(volume: 3172)* +- 🟩 95 minutes in: $37.84 / 37,12 € *(volume: 3130)* +- 🟩 90 minutes in: $37.82 / 37,10 € *(volume: 2446)* +- 🟥 85 minutes in: $37.81 / 37,09 € *(volume: 2343)* +- 🟩 80 minutes in: $37.81 / 37,09 € *(volume: 2288)* +- 🟥 75 minutes in: $37.81 / 37,09 € *(volume: 2277)* +- 🟩 70 minutes in: $37.83 / 37,11 € *(volume: 1729)* +- 🟩 65 minutes in: $37.69 / 36,98 € *(volume: 1549)* +- 🟥 60 minutes in: $37.64 / 36,92 € *(volume: 1464)* +- 🟥 55 minutes in: $37.65 / 36,93 € *(volume: 1464)* +- 🟥 50 minutes in: $37.65 / 36,94 € *(volume: 1460)* +- 🟩 45 minutes in: $37.69 / 36,97 € *(volume: 1450)* +- 🟥 40 minutes in: $37.68 / 36,97 € *(volume: 1416)* +- 🟩 35 minutes in: $37.69 / 36,97 € *(volume: 1367)* +- 🟥 30 minutes in: $37.68 / 36,96 € *(volume: 1367)* +- 🟩 25 minutes in: $37.68 / 36,97 € *(volume: 1358)* +- 🟩 20 minutes in: $37.67 / 36,96 € *(volume: 1266)* +- 🟩 15 minutes in: $37.65 / 36,94 € *(volume: 1230)* +- 🟩 10 minutes in: $37.65 / 36,93 € *(volume: 1207)* +- 🟥 5 minutes in: $37.64 / 36,92 € *(volume: 1162)* +- 🟥 0 minutes in: $37.64 / 36,92 € *(volume: 1029)* +- 🟩 US close price: $37.93 / 37,21 € *($37.64 / 36,92 € 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 1.0194. 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 have 4 credit cards. I can’t apply for anymore. My biggest one has a 24% APR unfortunately, and I’ve lowered the balance by $5500 in a year. I’ve been making the minimum payment on the other 3 cards, two have $1500 balances, and one has $2000. + +The big balance card is offering me a balance transfer promo, where the balance transfer APR will be 9.99% for the life of the balance. The minimum payment each month amount will apply to the balance transfer balance, and then anything above and beyond the minimum will go towards the balance that accrues 24% + +I’d keep paying $500 a month, and then throw the payments I’ve been making towards the other 3 cards to the one card. + +Does it make sense to do this? The other 3 card interest rates are all above 20%. Oh, and there is no balance transfer fee. + +It will result in having a card with almost a $10,000 balance, which will psychologically suck, but I think it makes sense in the long run. +I'm econ major student and I'm now learning statistical time series analysis methods like ARIMA, VAR, GARCH. + +Machine learning seems to be very popular in this thread but I don't see many traditional statistics topics here. + +&#x200B; + +They are really challenging and really advanced topics in statistics (at least for me) but the more I learn, the more I doubt if they are actually used in financial trading, because they are too restrictive with a bunch of assumptions and are developed too long ago - like decades ago - compared to bleeding edge ML techniques like DNN. + +&#x200B; + +Time series analysis seems to work with GDP or inflation rates but do they also work with S&P500 or derivatives? + +From what I learned, time series analysis is all about forecasting but a lot of forecasts are already provided by big finance firms and you can see it anytime on economic calendars on [investings.com](https://investings.com) so I don't know if I can really make use of it. + +&#x200B; + +Why is it not as popular as ML in this sub? Is it outdated? + +Tell me what you think. :) +Im trading since ages using the "MACD" indicator and (of course) price action... lately i wanted to implement a simple "MACD" trend follow strategy using [QuantConnect](https://www.quantconnect.com/) and well... it failed and it ended up in a huge loss (backtesting)... i focused mainly on the forex market ( EUR/USD ) + +So i end up with the question if i implemented a mistake or if the "MACD" indicator is a bad decision if you wanna let algorithms trade for you. + +Whats your opinion on "MACD" for algorithms ? What is your experience ? Any tipps and tricks to design a profitable MACD algo ? +So tonight while i was training at the gym to get prepared to take a state patrol fitness test, I was reminded of a story my friend had told me about an acquaintance of his not getting into the troopers because of a bad credit score. This got me thinking about my own credit score, as i never use credit cards for anything, as far as I knew I didn't even own a credit card. + +Fast forward to me going home and trying to get my credit score online, finding that i was already registered under my wifes email. I ask her for the password, and she is not very helpful. I figure it out on my own and log in. Lo and behold i am the proud owner of 8 credit cards, all of which are 100% maxed out, and delinquent anywhere from 30-120 days. + +The total comes to 5600 dollars. This is a crushing amount of money in my current situation. I used to work for a metal smelting company that went out of business in my area. However because the layoffs were caused by global economic reasons this allowed me to take advantage of a retraining program. So i am currently in school, and being paid 600 dollars a week while i go. I am going to be attending for the next 8 months, however i was planning on just trying to get on with the state troopers before that and beginning a career there, that hope is pretty much dead, as my credit score is now 430. + +I have been married 10 years, I have 2 children, an I am living with my mother, and my sister, who is very young (12). My mom was going to lose her home, so while i was making alot of money working at the smelting job, since i was renting, it made sense for me to just move in with her, and pay her mortgage for her until she got another job. + +My mom has now been out of work for roughly 3 years, and i am the only person in the family bringing in money (besides 600ish dollars a month from my mom getting child support). All of this pretty much means my income is basically gone. + +I understand the living situation/marriage situation is not ideal obviously. I do not need personal advice (i know you think i do haha), however i could really use some finance advice. + +At the moment the debt seems impossible to overcome, seeing as how over due the debt is and how little money is coming in. I do not have any other family to turn to. I am considering filing bankruptcy, however i thought I'd come post here first. I just found this news out a couple of hours ago. + +If anyone is wondering how something like this could happen without me knowing, the wife took care of all the bills ect, and as far as i could tell everything was getting paid and there was no problems. I was never getting bill collection calls or anything like that. I honestly have no idea where she spent the money, and at the moment it isn't my main concern, I just need this problem solved. Also I do not have a 401k from my previous job anymore either, she spent it as well. + +Lets just assume I am getting a divorce ect. Any advice or questions that could lead to financial advice would be GREATLY appreciated. + + +Thank you very much. + +(Edit)- So i haven't slept yet, but i wanted to reply to a couple of things before I did to give a bit of information that has been asked and not ignore people that have been kind enough to give their advice. + +1- What did she spent the money on? She says she spent the money unwisely on little things over time on little things, a big weakness of hers is fast food. I personally do not eat fast food hardly at all because of my gym oriented lift style (it's my hobby). So eventually through unwise choices she would find herself short on money in situations where the kids might need some new cloths, or some groceries might need to be bought and so she leaned on this extra resource of money. She got scared over time, and kept trying to fix it herself, and was afraid to talk to me about it and kept digging deeper, till eventually i found out via the credit check. + +2- No, I don't actually intend to get a divorce. I posted so to discourage discussion around the future of my relationship and where it was going because it wasn't where i wanted the discussion to go. I was simply trying to deflect the conversation. + +3- My mom has been "looking" for work this entire time. She is a mental health expert and actually has the capability of making alot of money. However because of being an alcoholic, she made some horrible choices and pretty much got herself blackballed from her chosen occupation, which she seems to not be able to come to terms with. She constantly reapplies to the same jobs for the state and such over and over and never gets passed the first interview. I just cannot bring myself to cut her loose, as doing so would cause her to lose her home and my sister to also suffer. + +4- 'I don't want relationship advice but you really need it'. When i was saying i didn't want this advice, it wasnt because i believed no one had anything to offer or that I was closed to hearing what anyone had to say, it was because i was genuinely in a panic about the money situation and really needed THAT information more then anything at the moment as that was my most pressing problem that i felt i needed to solve asap. I did not say it because i didn't value or care what anyone here thought, i appreciate anyone here who took the time and gave enough of a shit at all to try and help. I am sorry if i came off as condescending or ungrateful. + +5- Someone asked if the money i am getting is a loan or something. No, it is something called a TRA, its a retraining program for workers that lost their jobs because of global changes in the economy and such that could not have been avoided by anything our company did really. China made a bunch of really cheap aluminum and Alcoa had no way to compete with it, the price at the LME dropped drastically and so Alcoa shut down nearly every one of their smelters, so our workers got this TRA program. + +Sorry if i missed some pertinent information that some needed to properly help me. I am a bit tired, I am sure i missed something. + + +Thank you everyone for all of the advice, and well wishes and such. Also I'm not afraid of the criticism, I know I am not guiltless in all this through my own ignorance. +I’ll try to keep this as concise as possible but any and all advice would be SO SO appreciated! + +I am 23, my husband is 24. We both graduated from college last year and are working full time jobs. I make 57k, he makes 61k. He has no credit score as he is an immigrant, mine is around 730. + +I have a medium/large windfall from my fathers passing two years ago. I have 71k in savings (in a normal savings account sitting there because I’m dumb and am paralyzed by choice), still waiting on an additional 31k tied up in the courts, and have about 50k in CASH (my father was very skeptical of banks... not sure what to do with this without triggering the IRS) + +I have also inherited my childhood home - worth about 700k. My husband and I are moving into this house so we have no rent, but it is pretty dilapidated and needs an immediate 15k put in (new floors and a new wall in one of the rooms). My husband has saved the 15k needed for immediate renovations on this house - per our agreement. I would also like to spend an additional 20k on the house this summer for new windows, AC, and a new fence. The house needs a total of 120k in renovations that we would like to do slowly over the next 5 years. (Thoughts on taking a mortgage out on the house for the renos? It’s completely paid off.) + +Our Monthly Finances: + +Monthly Income After Tax: 8,000 + +Health Insurance + Benefits: -300 + +House Taxes and Insurance/12: -240 + +Water, Gas, Electric: -250 + +Phone and Internet: -150 + +Car Insurance: -200 + +Food - 750 + += ~$6,100 leftover a month + +Having fun and enjoying life is important to us. We both have a fun allowance of $300 a month, and we like to reserve about $2000-3000 for travel a year += ~$5200 leftover a month + +Current Saving and Investment Plan: + +Husbands 401k 10%: $510 a month, $6,150 a year (we think we should increase this and maybe cap it at the 19k?) + +My IRA: I haven’t even started it yet because again, I’m dumb and a total avoider... will start and cap it at the 6k? + +Bank Savings: 71k + 15k = $86,000 (+31k this year) + +Cash: $50,000 + += $5200-$510 401k contributions + +** = $4,690 current monthly surplus ** + + +Questions: +1. What should I do with the 50k in cash? How do I put this in an investment without triggering any alarms? This money was post-tax saved by my father but how would I even prove that... + +2. Should we max out my husbands 401k with 19k a year? Should I max out my IRA at 6k a year? + +3. Where should I invest my 71+31+50k savings? Any specific company recommendations? Specific investments? I’m totally lost. + +4. Should we spend half our monthly savings on the house renovations over the next 5 years? What is the smartest way to go about renovating this house. I know from reading here that spending all my liquid cash on renovations is not smart. + +5. Any bank recommendations? We need to create a joint account and are thinking about Chase. I am thinking about Varo for the high yield savings account - it’s 2.8% under $50,000. + +6. Should I go with a traditional or ROTH IRA? + +My idea: +Put half the monthly surplus in both the 401k and IRA ($2345 monthly) [maxing out the 401k would be $1584 monthly, maxing out the IRA would be $500 monthly, we would put the remaining surplus in the investment account] and spend/short term save the remaining half ($2345 monthly) in a high yield savings account for renovations. + +*surplus is optimistic, we also need to buy a new car this year or definitely by next, and initial move in cost will be around 5k for household items. + +Sorry, this wasn’t short and very thorough... please help! +First-time poster here, looking for some advice. + +I'm 29, married to a guy who is in grad school, and we live with his parents in Southern California. Both of us make okay money but are in the process of trying to pay off substantial credit card debt and have virtually no savings after he spent a while unemployed. + +This past weekend, my mom told me that she will die this year of kidney failure most likely 3-9 months from now. Her donated kidney is failing and she doesn't want to go through dialysis or chemo because they're excruciating, expensive, and are only a temporary fix to a problem that will inevitable kill her. Obviously, I'm heartbroken and just want to do what's best for my mom but also am worried about my future financially. She told me that she will be going into hospice care probably in a month or so, depending on her health. I'm an only child, have no dad in the picture, and she has very few friends and no other family willing to help. She also lives in Oregon, so I will have to fly, maybe multiple times and take time off work which will be unpaid. + +She has told me that she has life insurance, which will pay $25,000. I expect to pay a lot of that for her cremation and memorial services. So, with that, here are my questions: + +I'm pretty sure there is no way my mom can pay for hospice care herself. Will those bills get passed on to me? + +Are there any kind of debts that get passed on to next of kin? I know my mom has student loans from a vocational school she went to a while back. Could I end up having to pay those? + +How soon after a person dies does life insurance pay the beneficiaries? + +Thank you. + +&#x200B; +Nevada's pension fund manager sounds like he belongs here. + +http://www.wsj.com/articles/what-does-nevadas-35-billion-fund-manager-do-all-day-nothing-1476887420 + +> The Nevada system’s stocks and bonds are all in low-cost funds that mimic indexes. Mr. Edmundson may make one change to the portfolio a year. + +. + +> On his bare-bones desk is an inbox, a stapler and a tin cup of paper clips and business cards. A desk behind his swivel chair sports his printer and family photos. He has no dedicated Bloomberg terminal and doesn’t watch CNBC. +> +> He brings lunch in Tupperware. “Great days,” he says, are when his wife makes lunch—a BLT or tuna-fish sandwich. Otherwise, it is leftover fish or salads. “I don’t want to spend $10 a day for lunch.” +> From his one-story office building in Carson City, Mr. Edmundson commands funds whose returns over one-year, three-year, five-year and 10-year periods ending June 30 bested the nation’s largest public pension, the California Public Employees’ Retirement System, or Calpers, and deeply-staffed plans of many other states. +Sorry, I had to bring this up. In almost every thread about credit cards people bring their Dave Ramsey-esque mindset about these evil pieces of plastic that will slaughter your family at night and rape your dog. Maybe not quite that dramatic, but you get the point. + +The problem is not that the banks are out to steal your money (well, I'm sure they would love to) or that the system is rigged against you. It is that you can't look yourself in the mirror and admit that you have a self control problem. Credit card debt is usually a result of poor spending control or poor planning. Stop blaming a piece of plastic for your shortcomings. + +That's all. + +Edit: Ok that's not all. Don't you absolutely hate being in line behind someone who pays with cash or check at the grocery store? Then they drop some change on the floor and it is just an unmitigated disaster. + +Edit2: Wow this blew up! I am still trying to read all of the comments. Most of them have valid points about the shady marketing techniques of the companies that issue credit cards. I would say to always be skeptical and research before acting, and you'll save yourself a lot of pain. + +Edit3: I never expected to see such a victim mentality in here. No one is forcing you to incur debt. We live in a society where ignorance is often punished and financial ignorance is no exception. Do I think we need to provide a sturdier financial learning foundation for young people? Yes, sure. All these excuses are just sad though. +Ryan Cohen slowly approaches the microphone. + +He gazes out at the room. He says nothing for several long moments. + +He leans into the microphone, saying one syllable. + +"Ook." + +He pauses, then repeats it. He starts saying it faster and faster, making ape noises. + +The rest of the board joins in, gradually growing louder. + +Ryan Cohen beats his chest and lets out a savage cry. Everyone starts jumping around excitedly. Elon Musk is there. He throws a chair out the window and suddenly everyone's tits are jacked. + +The ooks and eeks are reaching a cacophonous climax as the entire board of directors and shareholders are jumping around on all fours tearing their cloths off. + +Just then DFV marches in with Kenny G. in a cage. Following behind them is the real Kenny G. playing "Fly Me to The Moon" on his alto sax. He's dressed like an astronaut. + +The shareholders descend on evil Kenny G and he is torn to shreds, gurgling out his final words "But the shorts are covered!" + +Ryan Cohen bellows "Can't stop! Won't stop!" + +And the crowd roars, covered in Ken's blood, "GAMESTOP!" + +The meeting concludes at 14 minutes 29 seconds. + +(Long time lurker, first time posting 💎🖐🚀🚀) + +Edit: Thank you for all the love!! HODL🚀🚀🚀🚀🚀 +Wife lost her job two months ago, we have hit the reserve fund pretty hard and I pulled some money out of investments to keep things flowing. I wrote a check from my investment account and deposited into my regions checking account on 12/24. On 12/27 the money was removed from my investment account, but regions put a hold on the deposit until 1/7 "until the funds clear". The funds have cleared. I need that deposit to cover my mortgage, if I wait until the 7th I will be late...I have never made a late mortgage payment in my life...and this is causing me a bunch of stress. The funds have cleared...regions has my money hostage! Is there anything I can do to move this along more quickly? I posted my issue to twitter, and the bank responded...but they refused to do anything. + +Help? + +EDIT: First, thank you /r/personalfinance, your response has been awesome!!! + +Next, I wanted to add that I spent several hours on the phone yesterday trying to get the bank to release the hold before I posed here or twitter...my original post didn't really make it clear that I had tried the usual channels first...lol + +Finally, I went to my local branch at lunch...and the Branch manager had the day off. (Sigh). Oh well...thanks to you guys I know I'll get my money in a few days, and my mortgage company doesn't consider a payment late until the 15th, so I don't need to sweat that. + +I started moving my money to a local credit union today, but it will be a few days before I can close the old accounts completely. + +...and I'll DEFINITELY be taking advantage of ACH from here forward...lol. + +Thanks again everybody...you people are awesome! +Given the growing hype surrounding the [$65 Billion Rivian IPO](https://www.cnbc.com/2021/11/05/rivian-raises-ipo-price-range-and-could-now-be-worth-up-to-65-billion.html) \[1\], I felt this is the perfect time to follow up on my [first analysis on IPOs](https://marketsentiment.substack.com/p/can-you-make-money-from-ipos?utm_source=substack&utm_campaign=post_embed&utm_medium=web). In the previous analysis, we realized that the majority of gains were made from the listing itself and those who invested on listing day gained a measly 1.3%. + +[ ](https://preview.redd.it/r0i3gp028ry71.png?width=950&format=png&auto=webp&s=3cea8b676abeeeea61af608744193d373cc71a29) + +In most cases, [less than 10% of the total IPO](https://money.usnews.com/investing/investing-101/articles/how-to-buy-ipo-stock-at-its-offer-price) is allocated to retail investors. Adding to this, a multitude of other factors such as your brokerage account, account balance, the historical trading pattern will all contribute to whether you get the IPO shares or not in the end \[2\]. + +Given that the chances of you making it into the IPO allotment are bleak, what I wanted to analyze is, if we miss the IPO bus, + +**What is the best time to buy into a recently IPO’d stock?** + +Should it be on the listing day itself or should you wait a day, week, or even a month for all the hype surrounding the IPO to die down and the stock to come back to its “real” valuation \[3\]? + +[ ](https://preview.redd.it/j319pw038ry71.png?width=1728&format=png&auto=webp&s=50ce753cd69fbfdd1a54e5a82f1364911198a247) + +**Data** + +I have leveraged the same data source (iposcoop.com) that I used last time. They have documented almost all the IPOs from 2000. But for this analysis, I also needed stock price-related information for periods long after the stock had been listed in the market. + +The stock price information was obtained using Yahoo Finance. After all the quality checks, we are left with 1,063 IPOs from 2000-2020. All the data used in the analysis has been shared through a Google sheet at the end. + +[ ](https://preview.redd.it/v4sssm138ry71.png?width=1728&format=png&auto=webp&s=087ae18bb42b484972ae8f545f9a4994bd3037e6) + +**Analysis** + +Since the idea is to find the best time to invest in an IPO, we have to compare the returns for multiple time periods. I calculated the one month and one year returns in case you had invested on the day of the IPO as well as if you had invested in the stock after + +1. One day +2. One week +3. One month + +The returns are then compared against each other to find the optimal time to invest in the stock after it has IPO’d. The returns were finally benchmarked against SPY to see if it makes sense to put in all these efforts - only to maybe underperform the market! + +https://preview.redd.it/mnfv8e138ry71.png?width=1728&format=png&auto=webp&s=37b688af038a34131dcfc957e378f721100d872f + + **Results** + +[ All calculations are done using the adjusted closing price ](https://preview.redd.it/9ktm3km78ry71.png?width=730&format=png&auto=webp&s=aadb1b214976ef888ab3ae83074833d5280b26c9) + +Surprisingly, the gains you would have made from the IPOs are inversely proportional to the amount of time you waited for your investment. On average **the most amount of return is obtained by someone who invested on the day of the IPO itself**. The more amount of time you wait for your investment, the lesser your return is! + +But what if you are not interested in the short-term returns? What if you are a buy-and-hold type of investor? + +[ ](https://preview.redd.it/lbwwtpw88ry71.png?width=730&format=png&auto=webp&s=a538150cda2ae9e455ff28688788be05e56883d3) + +If you are a long-term investor, **you would be better off buying the IPO after waiting for a week**, as it generated the most amount of return. But what is interesting is that waiting a week for the hype to die down would only increase your return by 9%. Waiting any further would only ***decrease your overall return.*** + +So if you are planning on buying into an IPO but did not get an allocation at the listing price, you can wait a week so as to see how it performs in the market, avoid any large swings that the first week might cause, and still come out on top over the long run! + +Now, let’s compare the performance of IPO stocks against SPY. After all, even though you are getting a good return on your investment, if it does not beat the market, you would have been better off just investing it in SPY rather than doing all this research on IPOs. + +[ ](https://preview.redd.it/svldznw98ry71.png?width=900&format=png&auto=webp&s=48c3f521ea00f93bb93da71b676c6c8d36cbbe0e) + +IPOs’ returns on average ***beat the market*** over the last two decades. The trends are similar to the ones observed earlier with the delta over the market return depending on how much time you waited before investing into the IPO and generating the highest amount of delta by waiting one week from the day of the IPO. + +Now it would be amiss not to discuss the inherent risks associated with investing in an IPO. Out of the 1,063 IPO’s in our analysis, only 62% of them gained in value and only a measly 29% of the IPOs beat the market over the long run. The outperformance over the market is coming due to a few outliers (Tesla - 25,000%+, Shopify - 5800%+, etc.) If you miss out on the top 1% of successful IPOs, your returns would be much lesser than the market. + +[ ](https://preview.redd.it/1vjjc8238ry71.png?width=1728&format=png&auto=webp&s=8c1c7da37e26ad579fcf7f52d40f1f59a05bfd9c) + +**Limitations** + +The above analysis comes with some limitations that you should be aware of before trying to replicate the strategy + +1. The number of IPOs in the analysis is approximately 1/3rd of the total IPOs which occurred during 2000-2020 \[4\]. I don’t think this is a major concern since our sample of 1000+ stocks would be much more than enough to give statistical significance to our analysis. +2. Another limitation is that the delta that you are observing here might just be due to the additional risk that you are taking by buying into lesser-known/small-cap companies. The risk-adjusted return might give a different result. +3. Continuing from the above point, we are currently in a massive bull run with ATH being broken every week. So the additional risk you are taking will be well rewarded but the outcome might look different if we do the same analysis in the middle of a bear market. + +[ ](https://preview.redd.it/2lcog7338ry71.png?width=1728&format=png&auto=webp&s=1bebfff5a2b7b951db588a474fa610438fed4ea6) + +**Conclusion** + +Buying into an IPO is an exciting prospect. Our analysis proves that even if you miss out on getting the IPO allocation, it’s still possible to beat the market by investing after the stock is listed on the market. + +As I [explained in my last post on IP](https://marketsentiment.substack.com/p/can-you-make-money-from-ipos)O, investment banks are incentivized to slightly underprice while listing (unless it’s a really popular company) so that the IPO issue is 100% subscribed (their fees are dependent on a successful IPO) \[5\]. + +Whatever the case may be, if you are planning on holding on to the IPO only for a short period of time, you can maximize your returns by investing in the IPO as soon as it’s listed whereas if you are a long term investor who is planning to hold on to the stock for a very long time, its better to wait a week or so for the stock price to settle before making your move! + +Analysis Sheet containing all the data: [here](https://docs.google.com/spreadsheets/d/1QqRNZEsTfgG6f8GfI-n6qBAai9wrUA47hFMYg6tz098/edit?usp=sharing) + +Until next week… + +[ ](https://preview.redd.it/z8e31y3c8ry71.png?width=1728&format=png&auto=webp&s=c9b8d49ca695b4254867e1805c9baf2a9f24b0f3) + +**Footnotes** + +\[1\] The company has [only built and delivered 56](https://insideevs.com/news/542908/rivian-production-numbers-first-month/) vehicles as of Oct21. If Rivian IPO’d at $65 Billion, it means that each vehicle it delivered added more than $1 Billion in value to its shareholders. A similarly valued Ford delivered 4.1 Million vehicles in 2020. Truly wild times we are living in! + +\[2\] Brokerages tend to allocate IPO shares to their premium clients - [In the case of TD Ameritrade](https://www.tdameritrade.com/investment-products/IPOs.html), your account must have a value of at least $250,000 or have completed 30 trades in the last 3 months. + +\[3\] Take the examples of Robinhood and Coinbase IPO. Robinhood tanked on listing day losing 8% only to rally almost 100% in the next one week before coming back down to near its IPO pricing. Coinbase also had a wild ride on listing day with the share price going as high as $429 before crashing back down to \~$310. + +\[4\] The major limitation was the absence of financial data in Yahoo Finance for certain stocks. + +\[5\] There are a lot of contradictory opinions regarding this with [some research](https://www.sciencedirect.com/science/article/abs/pii/S0275531918309280) showcasing that IPO’s are usually undervalued while [others argue](https://academic.oup.com/rfs/article-abstract/17/3/811/1612977?redirectedFrom=PDF) that IPOs are overvalued. I guess you can twist data however you want to tell your story. + +https://preview.redd.it/ft1j8l9c8ry71.png?width=1728&format=png&auto=webp&s=81356fc971702190a91c4ccb42c0cb2e4d03ab5c + + *Disclaimer: I am not a financial advisor. Please do your own research before investing.* +How are you wonderful Apes doing on this fine February weekend? As for me, I am sitting here counting down the minutes until another one of those HYPE WEEKS that we all love begins! But before that, I wanted to provide an update on my previous post on Monday 7th, that explored 9 of the WALLS that are closing in on the hedgefucks and could trigger MOASS: + +[https://www.reddit.com/r/Superstonk/comments/smjczz/the\_walls\_are\_closing\_in\_a\_comprehensive\_look\_at/](https://www.reddit.com/r/Superstonk/comments/smjczz/the_walls_are_closing_in_a_comprehensive_look_at/) + +I am actually working on a follow-up DD currently, that has a list of *at least another* 9 such WALLS that could also trigger MOASS. But so much has happened over the last couple of weeks, that I wanted to give an update on what has been happening with the original list of 9. In most cases these WALLS have pushed in further, so relax and HODL as you learn about how Kenny and his buddies are now even closer to Davy Jones' Locker 🏴‍☠️: + +&#x200B; + +**WALL 1: GameStop-Immutable X-Loopring can trigger MOASS by organic growth** + +Any closer now? Absolutely! Robbie Ferguson, the Co-Founder of Immutable X, shared more details about the Gaming NFT platform and it's looking *even more like a game-changer* than when the initial news came out: + +https://preview.redd.it/yvd28lqfkqi81.png?width=688&format=png&auto=webp&s=b750fca9c50ab7d7947dcbf39e00d49e840a059a + +And there are more hints as to how Loopring may also be playing an essential part in the 'triumvirate', with Loopring adding Immutable X's IMX tokens now to their Level 2 Exchange: + +https://preview.redd.it/wjrfoac6lqi81.png?width=568&format=png&auto=webp&s=ba167da4344d431d7fdd7ed9e2e3a590f5637afb + +As for what part exactly Loopring may bring to the table, [u/DrinkDrPepperSpray](https://www.reddit.com/user/DrinkDrPepperSpray/) presented this tit-jacking snippet of info to us: + +https://preview.redd.it/foj6bghxqqi81.png?width=698&format=png&auto=webp&s=19818067a1b68a6cf9a730458ac003919b0a67f9 + +It is no wonder then that, as we await the official announcement of the exact details of the partnership, Byron Wiebe (Head of Community at Loopring) tweeted the following: + +https://preview.redd.it/yocpjhvhrqi81.png?width=624&format=png&auto=webp&s=92e7c3e4ab67e67239455477c02c13951285d404 + +I anticipate the organic growth will accelerate once everything is publicised, meaning this particular WALL towards MOASS will also start speeding up with it! And when could it go public? + +https://preview.redd.it/se2nv9h8uqi81.png?width=577&format=png&auto=webp&s=0f573922561c9fdc7704e16c5e2dc968323c8109 + +If the deadlne is 21/2/22, then I guess 22/2/22 looks like a potentially fun date to launch something... + +&#x200B; + +**WALL 2: GameStop has the technical means to proivde shareholders with an NFT-based dividend, the issuance of which would trigger MOASS** + +No news that I am aware of in these last couple of weeks, specifically related to this particular WALL. However I do want to share a *very* intriguing [comment](https://www.reddit.com/r/Superstonk/comments/smjczz/comment/hvyc0mu/?utm_source=share&utm_medium=web2x&context=3) that u/Wolfguarde_ made in response to my first post: + +https://preview.redd.it/k3m7vexfsqi81.png?width=645&format=png&auto=webp&s=84698d5ed18c68cb7c4bb34a63329e718f9f9532 + +Purely speculation, of course, but it is a quite compelling concept. One that very feasibly GameStop could utilise, to prevent the possibility of an NFT-based dividend being set a cash value by nefarious brokers, in order to help out their short hedgefund cronies. The issuance of an NFT dividend carries with it many unknowns, not just attempts to place equivaltent cash values but also lawsuits. The most famous digital dividend so far was that issued by Overstock in 2020, although as I [reported](https://www.reddit.com/r/Superstonk/comments/ptvq89/the_overstock_court_ruling_in_utah_yesterday/) below about half a year back, it did result in a long and costly lawsuit launched by the hedgies against that company: + +https://preview.redd.it/dv78m0vuusi81.png?width=629&format=png&auto=webp&s=7dab02c892c7e081904c286f149e0a2d7067e3e0 + +https://preview.redd.it/o8tc24g7vsi81.png?width=437&format=png&auto=webp&s=3acab4e787d62d39efa4138e49b3ee22b7a5f472 + +Overstock ultimately won the ruling, and as I detailed in the post, the case has set an important "with prejudice" precedent now. However no doubt GameStop would still have considerable wariness to issue an NFT dividend, due to the potential legal threats that could ensue. However mechanisms such as the one described above by u/Wolfguarde_, which are almost a gamification of the process and would be utilising the technology of their partner Immutable X, would make such legal action more difficult. I certainly hope that if GameStop do issue a dividend, it is in a form such as this because the shorts would then be left miserably powerless to follow any courses of action to prevent MOASS. + +&#x200B; + +**WALL 3: The 10-K filings** ***hinted*** **that a MOASS triggering share recall may be possible, but the partnership could provide the technical means to achieve this too** + +Check Byron's tweet shown in the follow-up about Wall 1 above. Is it even possible to be *"re-architecting the global financial infrastructure"* without contemplating leaving that old infrastructure behind altogether...? + +&#x200B; + +**WALL 4: GameStop spins off the NFT division to create a new company, a path which could lead to MOASS by facilitating a full share count/audit** + +[u/bloodshot\_blinkers](https://www.reddit.com/user/bloodshot_blinkers/) publised an extensive post on this just a couple of days ago, where they already [called it now](https://www.reddit.com/r/Superstonk/comments/sua3fk/gmerica_a_spinoff_company_of_gamestop_and_the/): + +https://preview.redd.it/0f0l9gcvvqi81.png?width=673&format=png&auto=webp&s=6288b0b973c1050105cf0df34edeca3cb77c312b + +Who am I to disagree with such bold predictions? 🍌 + +&#x200B; + +**WALL 5: SEC Proposed Rule 87 FR 6652 prevents continued use of Swaps to hold back MOASS** + +There is still time to provide comments in favour of this critical rule, as it is open to public comments until March 21st. Gary Gensler himself has tweeted a reminder that this, amongst a few other proposals, can still have arguments in favour submitted: + +https://preview.redd.it/jjwikivswqi81.png?width=580&format=png&auto=webp&s=bbcceb724874dbe386ce518fbe5ea61520d74fd6 + +Give the man what he's asking for: [https://www.sec.gov/regulatory-actions/how-to-submit-comments](https://www.sec.gov/regulatory-actions/how-to-submit-comments) + +&#x200B; + +**WALL 6: SEC and DoJ investigation could lead to SHFs being shut down, their short positions being force closed, and thus potentially leading to the MOASS** + +This has certainly been the talk of Superstonk town in the last few days, as the DoJ investigation seems to be hotting up! There have been plenty of posts about how the trail has gone from the smaller hedge funds and now up the food chain, including to the likes of huge Prime Brokers such as Morgan Stanley, as [shared](https://www.reddit.com/r/Superstonk/comments/suw4le/bloomberg_216_in_case_you_missed_itlets_keep_the/) by [u/Caicosblue](https://www.reddit.com/user/Caicosblue/): + +https://preview.redd.it/5ki8axy7yqi81.png?width=700&format=png&auto=webp&s=3905dbc8f9ca05f558eebd99b7e46eb8cf09161e + +But certainly the biggest of the news is that Citadel, or at the very least some of their employees, are also being questioned now as part of the investigation. This was [broken](https://www.reddit.com/r/Superstonk/comments/sv88c0/citadel_securities_officially_named_in_doj_probe/) to the sub by u/demoncase: + +https://preview.redd.it/mn1a9adsyqi81.png?width=697&format=png&auto=webp&s=a9894060362e0e8b93d6a0ed7558c41e53248d8e + +The investigation seems to have a lot of moving parts, with the [latest](https://money.usnews.com/investing/news/articles/2022-02-18/u-s-prosecutors-explore-racketeering-charges-in-short-seller-probe-sources?src=usn_rd) story being the possibility to even press charges of racketeering under the RICO Act: + +https://preview.redd.it/q7xdtdriysi81.png?width=782&format=png&auto=webp&s=8c7922aaceed5dcdcce33cde83f89880d4df06be + +Of course this particular WALL may still have a way to go before leading to any concrete action by the DoJ, but I do concur with the general [sentiment](https://www.reddit.com/r/Superstonk/comments/svnihd/anti_fud_doj_investigation_of_citadel_and_shfs_is/) that [u/SchroedengersCat88](https://www.reddit.com/user/SchroedengersCat88/) shared in his post very recently: + +https://preview.redd.it/xs8c6n1izqi81.png?width=700&format=png&auto=webp&s=f2b88507182d610c2379ed8576b09b27b4b51dee + +What cannot be denied is that this particular WALL continues to be pushing in at the shorts every single day now. The possibility of one or more of the bad actors being ensnared and shut down, thereby forced to close their short positions, and thus triggering a domino effect that leads to MOASS continues to grow. + +&#x200B; + +**WALL 7: Shorting is becoming both difficult to carry out and a LOT more expensive than even a couple of weeks ago** + +The Cost to Borrow has been fluctuating up and down, but the "highs" are certainly getting higher. An example was set on the 8th, as shown in this [post](https://www.reddit.com/r/Superstonk/comments/snul33/ortex_maximim_cost_to_borrow_almost_at_11/?utm_medium=android_app&utm_source=share) by [u/Bananito\_To\_The\_Moon](https://www.reddit.com/user/Bananito_To_The_Moon/) on Tuesday 8th: + +https://preview.redd.it/mul1lnwzksi81.png?width=706&format=png&auto=webp&s=4b76f75c0bbc1770575ed300892eb429d2c5be7b + +It would not surprise me in the least if CTB continues to have high volatility, before potentially shooting up to a level where the SHF with the least capital cannot afford to stay in the game any longer. The result? Potentially another one of those dominoe effects that could trigger MOASS at some point. + +&#x200B; + +**WALL 8: Utilisation approaching 100% again - something that last happened in January 2021** + +[u/Fantasybroke](https://www.reddit.com/user/Fantasybroke/) has been updating us with daily posts about this, and as of Friday 18th it is now 9 days of being at 100% utilisation: + +https://preview.redd.it/abx15zsy0ri81.png?width=585&format=png&auto=webp&s=36e6f7aaeb7a2d66486db15a19e82a5a0ff49d20 + +When utilisation reached 100% back in September 2020 (not longer after RC bought in), it took about two weeks before the squeeze that commenced in the January "Sneeze" started. If this level of utilisation continues, personally I think it will only be a matter of time before another consistent increase in the share price also continues. And at some point, that may well lead to the weakest of the SHFs on the wrong side of this trade receiving that long awaited call from Marge. + +&#x200B; + +**WALL 9: Ortex Short Squeeze Signal flared again...** + +Finally in this section looking at the previously identified WALLS, I posted on [10th February](https://www.reddit.com/r/Superstonk/comments/sp9pc2/ortex_short_squeeze_signal_flared_up_again_this/) how this signal flared for a *second* time and the significance of this: + +https://preview.redd.it/35k1sgtr1ri81.png?width=642&format=png&auto=webp&s=85c75507417ae74500d0c125fbbfb1ec574e5c8e + +If this signal flares again soon for a *third* time in quick succession, I am definitely going to tighten my seat belt even harder... + +&#x200B; + +**TL;DR** + +The 9 WALLS that I previously posted as closing in from all angles on the hedgies, have continued to squeeze in over the last couple of weeks. What's more, there are at least **another 9 WALLS** that I have *also* identified in addition to these as well! Stay tuned for another update in this WALLS series, as I look into yet more ways that hedgies r well and truly fukd. + +&#x200B; + +**Shameless Plug...** + +Some of you beautiful primates may know me as the Ape behind the **"Planet of the Apes"** [posts](https://www.reddit.com/r/Superstonk/comments/rr82up/planet_of_the_apes_2021_endofyear_update_members/): + +https://preview.redd.it/vozhmcllpsi81.png?width=663&format=png&auto=webp&s=4a37a5bb025db2eadcb2295821999bcbc8d1e2b3 + +Since my last update at the end of last year, I have received a few messages from Apes in places whose flags are not represented on the above image. Granted, all our national flags have now been outdone by the one true flag to rule over them all: + +https://preview.redd.it/fm0lt7umqsi81.png?width=382&format=png&auto=webp&s=1fb687b93886430ced6b6914365d72131fffa144 + +But I still intend to post a Spring Update to this series in a few weeks from now, and want to make sure there is even wider global representation. So, if you are a Superstonker who cannot find their flag in the image above, please reply with a comment (or if you are a lurker lacking the karma, then send me a direct message). Hopefully this post can get enough upvotes that some Apes in the places not coloured green on my map can see it and respond! + +https://preview.redd.it/w531vkwjrsi81.png?width=1704&format=png&auto=webp&s=834a6af46dab067ebb1938d211cc10eeeaa2d460 +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 +If you've lived within your means, planned accordingly, and produced things of value for society, the current American system doesn't give a shit about you. + +If you built crappy cars, and paid unions too much. [Bailout](https://en.wikipedia.org/wiki/Automotive_industry_crisis_of_2008%E2%80%932010)! + +If you issued stupid debt, and partook in extremely risky financial practices. [Bailout](https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008)! + +If you built planes which nosedive into the ground. Bailout! + +If your small or medium sized business produced so little value, or was so poorly managed it can't even survive a month with diminished revenue, even after years of above average economic activity. [Bailout](https://www.cnn.com/2020/04/09/economy/federal-reserve-stimulus-states-cities/index.html)! + +If your local state and city government, wasted years of above average tax income on stupid programs. [Bailout](https://www.cnbc.com/2020/04/09/federal-reserve-unveils-details-of-its-much-anticipated-main-street-lending-program.html)! + +If you were laid off recently, no worries, you'll make more producing no value! [Bailout](https://www.abc12.com/content/news/Some-unemployed-workers-may-end-up-making-more-money-off-the-job-569482011.html)! + +&#x200B; + +If you're a grocery store worker risking your health everyday for barely above minimum wage. Fuck you. + +If you managed your company properly, and can handle this economic downturn without government assistance. Fuck you. + +If you're a doctor or nurse, working without proper gear, and risking yours and your families health to save lives. Fuck you. + +Sources provided. + +**Let the failures fail. Stop the bailouts.** + +SPY 500C 5/1, SPY 5000 5/1/2021 + +&#x200B; + +edit: you're/your +Hey guys I have a question that I am sure must of been asked hundreds of times before...here goes. + +In 2009 I was really interested in anything related to economics and specifically currency. I came across the whitepaper for bitcoin and after doing some reading, I decided to download the bitcoin client. I remember I was mining for weeks on end not really knowing the significance of what I was doing but was just really trying to support the idea of a virtual currency as I knew this could be the future. Around 2010 I threw my computer and all my furniture in storage and moved overseas. My computer has been sitting in storage for about 11 years now and I am going back soon to open it up and see if I still have the bitcoin client. I am not really in sync with how bitcoin operates nowadays, all i know is you either have your private keys in cold storage or hot storage. I think in 2009 my computer should hold the private keys on cold storage as there weren't any virtual wallets back then. + +When I go back soon, I will attempt to recover my potential riches or perhaps cry in despair so... + +I have a couple of questions. + +1)What is the name of the bitcoin client that was operating in 2009? I only ask this because I tried to go to the bitcoin website and it says I need to log in. There were no accounts back then, it was just a client on my computer. + +2)In the case that I formatted my computer (which i do not recall if i did or not), can I get my hard drive professionally restored saving my potential private keys to restore my coins? (I heard its an expensive process but with the use of magnets or something, you can restore your hard drive even if formatted) + +3) I had a powerful graphics card in 2009, how many bitcoins can someone have mined in 2009 per day given the low amount of mining back then with a top of the line video card? ( I was mining every day for maybe a few weeks or a month) + +&#x200B; + +(UPDATE) + +I've been getting a lot of DM's, mostly positive some skeptical which is understandable, and alot of questions, I'd like to just clear some things up. + +The reason I got into bitcoin so early was out of pure chance and curiosity. It was after the 2008 crash that lead me to have low confidence is the USD as a reserve currency. I was deeply into studying economics and I was considering Majoring in it. I was definitely not some investor that was bullish on BTC and thought I could come out of this with riches. I really just wanted to support a new idea of virtual currency and I thought the act of mining was supporting the project. If there are any OG's that are familiar with the original bitcoin client, you would remember that the mining process consisted of a little construction worker with a yellow hard hat on his head and a mining pick swinging away at some ore and a reoccurring loading bar. If I can find the original client from 2009 I might turn that into a gif, might make one heck of a NFT similar to the first twitter post that was sold as an NFT lol. I tried to google it but couldn't find any images of it. + +For those that owned a PS3 at the time you might remember that there was an app on the home screen that had something similar to mining. You would run an app and it would be running a bunch of algorithms in sync with PS3 users across the globe to help cancer research for the university of I forget where. If anyone remembers this please comment. + +Anyways for many reasons that I can't share online, I wont be able to travel until march but as long as I am getting my storage bills every month, I am sure my computer is safe and secure (no storage wars here folks). I will definitely update you guys in a few months. + +Someone suggested I make a youtube video leading up to the moment. Cool Idea, I may do that but I would only upload the videos after I sell a BTC and hire a crap load of security lol (if I do find any) + +Thanks for all those who supported me and to the skeptics, you just wait. +I'm at 17 and since my mum died a few weeks ago I;ve decided that I shoudl live on my own when I return from my grandparents in France. I'm going to university in September next year in London. + +I have a house inherited from my mum in London and an income. I've also got a university fund. What do I need to think about now to effectively live on my own when I get back to the UK in a months time? + +What house costs are there that I wont think about. I know about internet gas electric and water but what else? + +How do I make sure nothing is missed? + +I dont want to have anyone live here with me atm but may change my mind. +Hey guys, + +I'm relatively new to forex trading, but have been trading stocks and crypto for the past 2 years. I was able to turn 64k to 210k in the span of 5 weeks. I have a good understanding of technical analysis. + +Most of my trades have been successful. But then came AUDUSD, where I made a loss of 160k in the past 2 days. + +My account size trend looked like this:64k -> 145k ->180k -> 150k -> 220k -> 145k -> 210k ->66k. + +Absolutely devastated. + +My return over 5 weeks has just shrank from 160k to 2k. + +I know I made a profit, and I didn't lose any initial money. But I feel sick in the stomach. I oversized on my AUDUSD position, assuming that it needs to pull back at least. It just kept on flying higher, and I had a high conviction on this trade. Literally everyone was wrong on their AUDUSD calls. I think my fatal error was relying on fundamentals - my mind thought "it's a risk off environment, there is NO WAY that AUDUSD can go above 0.66". Oh boy was I wrong. Wrong, wrong wrong. + +I feel like a complete failure. I just withdrew everything from my account, as I know that if I traded some more, I probably could lose everything. + +I'm going to have to rethink forex. It is definitely very very difficult. + +Any feedback would be excellent. Thanks everyone. +https://preview.redd.it/gpcfqwn5t9381.png?width=720&format=png&auto=webp&s=0d17f309d29faa8e95f593d7a130fcfb95c31786 + +**TL;DR: Great ape of history Dr. Jim DeCosta's comments to the SEC in 2003 mentioned the issue of shares held in retirement accounts being illegally used for naked short selling. References issues with retirement account holders requesting certificate pulls.** + +Hey y'all, posted this on a recent post that got some traction but in case it doesn't get eyes on it thought it was relevant. There was some amazing DD/visibility given by the following on this great ape of history Dr. Jim DeCosta: + +u/LaserHawk_ in "**The Ultimate DD about the CEBE (Counterfeit Electronic Book Entries) created by the SBP (Share Borrow Program) within the DTCC. Written by Dr. Jim DeCosta on a forum from 2006. Want it to get immortalized on Reddit."**([https://www.reddit.com/r/Superstonk/comments/q53qzh/the\_ultimate\_dd\_about\_the\_cebe\_counterfeit/](https://www.reddit.com/r/Superstonk/comments/q53qzh/the_ultimate_dd_about_the_cebe_counterfeit/)) + +u/Myumat00 in "**Ho Lee Fuk, we live in a simulation. This was allegedly written 15 years ago, but doesn’t it sound eerily familiar?? Dr. Jim DeCosta fuks."**([https://www.reddit.com/r/Superstonk/comments/q5cr94/ho\_lee\_fuk\_we\_live\_in\_a\_simulation\_this\_was/](https://www.reddit.com/r/Superstonk/comments/q5cr94/ho_lee_fuk_we_live_in_a_simulation_this_was/)) + +&#x200B; + +[Samples of DeCosta's comments found in a search](https://preview.redd.it/59q1o7k85d381.png?width=1488&format=png&auto=webp&s=9e5514d46760d2b76f7c653297b084a0583b9c40) + +Anyways, after following the Fidelity fiasco posts I decided to lazily search for "naked short selling retirement accounts" and wouldn't you know who came up, featuring quotes back in 2003: + +&#x200B; + +*Source:* [https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +>"Until all of the legitimate shares, that is those with a certificate in existence to back it up, are pulled out of the DTCC by shareholders demanding delivery of their certificates, those that bought "fake" shares are oblivious to this fact. This pooling phenomenon gives power to the malfeasor and blindness to the victims. **Notice how the shares in a given b/d's "lendable shares account" are anonymously "pooled" together. Shareholder Sam from Chicago will never know that the shares in his qualified retirement account have been illegally rented out to cover some MM's sale of nonexistent shares....** +> +>**Since many of the frauds being perpetrated in naked short selling involve shares held in qualified retirement plans safeguarded by the 1974 ERISA Act, perhaps the Department of Labor that oversees the ERISA Act could be looked upon as a resource if the SEC is handcuffed by monetary or manpower constraints.** Shares held in qualified retirement plans are, of course, forbidden to be in margin accounts and expressly forbidden from being loaned out; **yet hundreds and hundreds of investors in the U.S. are being refused delivery of their shares after making demand, even for the 60-day rollover period...** +> +>**Retirement shares are an ideal target for these loaning frauds as they are usually held for a very long term and are seldom demanded for delivery due to tax implications**. Committing these frauds against the invested funds designed to allow for a comfortable retirement at a time when the investor can't work is a particularly heinous crime. The shares of the companies usually falling victim to these "bear raids" are typically non-marginable securities trading under $1 **yet the supply of shares being loaned out seems to be unlimited and shareholders holding these shares in qualified retirement plans can't even get delivery of demanded certificates.** +> +>Are the broker/dealers hiding behind the notion that since all of the shares in "street form" are technically held in the name of "CEDE and Co., which is the nominee of the DTCC, then TECHNICALLY the DTCC participants are the "nominal/legal" owners and they can do anything they want with their possession? **What happened to the parameters of Rule 15c3-3 forbidding the loaning out of fully paid for securities and excess margin securities?"** + +I'm sure there's more but it seems that there isn't anything new under the sun and he knew about this issue nearly 20 years ago. + +P.S. Threw a random image for some splash of color from Fidelity because why not. + +EDIT: I forgot the original source. I'm a smooth brain. Also double checked but just in case it's also archived on the Wayback Machine. \*Not financial adviceEDIT 2: Words + +&#x200B; + +EDIT 3: Great comments from u/loimprevisto here and in another thread, wondering if anyone can look up more on this? + +>What happened to the parameters of Rule 15c3-3 forbidding the loaning out of fully paid for securities and excess margin securities? + +What happened to it? They just made up a new [rule/service](https://www.dtcc.com/clearing-services/equities-clearing-services/the-fully-paid-for-account) that says they can ignore it! + +>The Fully-Paid-for-Account is a good control location for compliance with the requirements under Section 15c3-3 of the Exchange Act. +> +>The Fully-Paid-for-Account allows Members to deliver institutional transactions via DTC using customer fully-paid-for securities in anticipation that they will receive these securities from CNS. + +[DTCC's Fully Paid for Account rules? Thread to pull?](https://preview.redd.it/5luk4xrg5d381.png?width=1852&format=png&auto=webp&s=ab4fda96d0eff5a44fac6c01320fbd01cc01cbdd) + +EDIT 4: And revisiting the original text, so perhaps I misinterpreted (can someone confirm) but DeCosta seems to be discussing this here in the context of retirement plans (hence why he says can call the Department of Labor to address it) BUT there are some *juicy* takes here by some apes, like u/Simple_Piccolo: + +>This makes me wonder if that's why VERY EARLY on in this saga we had a HUGE call for buying shares in an IRA account..... + +and u/GotShadowbanned2 + +>Is this related to various state authorities buying Gamestop shares? ALASKA and.. Georgia bought some iirc? + +Very true! And yeah damn so we'd have posts like these show up by users like u/phaaaa & u/cwhaaaales: + +&#x200B; + +https://preview.redd.it/0ozl2utc4d381.png?width=1476&format=png&auto=webp&s=2d4f2d24d5af5e6ac539822c449878ed34f051fa + +&#x200B; + +https://preview.redd.it/kcapdfce4d381.png?width=1458&format=png&auto=webp&s=5abce2142a413b9f2b0dccd312f6b763451d949f + +Some of those takes make me wonder **what if--per DeCosta's comments on abuse of retirement funds--all the retirement funds originally going long on GME was actually a BAD thing for us as stockholders? As these are the types of funds that DeCosta is mentioning that MMs are borrowing shares from against?!?!** + +EDIT 5: jfc this rabbit hole never ends lol + +So per that post about on the retirement holders, went to double check on [fintel.io](https://fintel.io): [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) + + +&#x200B; + +https://preview.redd.it/2x4yd30n7d381.png?width=2150&format=png&auto=webp&s=9e5b01ccaa4fe0f203d5b9d126e9c79399118a65 + +This is the ranking of retirement firms holding GME. The top holder by shares is Cal State Teachers which might make sense since it's so huge perhaps. But look at #2. Does that look familiar to you? Well guess what, IT LOOKS FAMILIAR TO ME. I remember because I actually wrote an old DD on it: [https://www.reddit.com/r/Superstonk/comments/nz5wt0/who\_owns\_55\_water\_street\_in\_nyc\_the\_building/](https://www.reddit.com/r/Superstonk/comments/nz5wt0/who_owns_55_water_street_in_nyc_the_building/) + +&#x200B; + +https://preview.redd.it/d59scbe78d381.png?width=1470&format=png&auto=webp&s=598e3ea8fa001698149ccc07606de21e404f8f2e + +https://preview.redd.it/p905qqym8d381.png?width=1518&format=png&auto=webp&s=0dc1ab7108a57f58198cc788be32b25e91883d51 + +So let me outline this idea: