diff --git "a/reddit_finance_43_250k_259.txt" "b/reddit_finance_43_250k_259.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_259.txt" @@ -0,0 +1,10000 @@ + + +* DeCosta writes that market makers/banks use retirement fund shares/stocks against mom and pop investors. +* One of the biggest retirement funds of all time, Retirement Systems of Alabama, is one of the most profitable but also HAPPENS to own 55 Water St., the building that houses the damn DTCC. +* RSA ALSO happens to be the 2nd biggest holder of GME shares by a retirement group. + +Could it not just be a little fishy that a company so close to the DTCC also has tons of GME shares, which we know may be being used against retail? + +**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.** +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). +I know this exact same question has been asked by some autists in previous discussions but always keen to continue the discussion around what your 1-5 year holds are and why you’ve chosen them in particular. Yes I know this is a casino, but I also know majority of you aren’t completely retarded with a 100% portfolio of day trading meme stocks. +Cheers +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). +I know this exact same question has been asked by some autists in previous discussions but always keen to continue the discussion around what your 1-5 year holds are and why you’ve chosen them in particular. Yes I know this is a casino, but I also know majority of you aren’t completely retarded with a 100% portfolio of day trading meme stocks. +Cheers +Well here I go into uncharted and dangerous territory. I've decided to leave my r/ausfinance/fiaustralia bubble for once (yes I'm one of those fags/simps/cucks) and visit the other side of the finance spectrum and seek out other opinions rather than staying in my comfortable echo chamber. + + +Basically I want to see what ETF's you all invest in that have actually either made gains or performed well so no BBOZ or BBUS. ausfinance and fiaustralia seem to only talk about VDHG or VAS/A200 and VGS/IWLD which aren't bad ETF's but I want to hear other opinion and willing to hear you all out (especially you tech bulls). So far I'm interested in stuff like NDQ/FANG, ASIA or ATEC and thought this place would be perfect since y'all have extremely high risk tolerances. So lets here them, teach me your ways ! +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). +I’m concerned about the future of home and rent prices in the US. They are rising at a pace that exceeds inflation. I have a huge FOMO feeling at this time because if rents continue rise 15 years from now and houses are more expensive, my retirement cash flow will take a serious hit. Should people be buying a house now and securing low payments for retirement? +As we all know we are a decade into an economic expansion. For those more “experienced” members of Fatfire, can you elaborate on your experience in recessions, and perhaps give some insight what you would have done differently? +Interesting analysis on the habits of the five million retail (personal) investors at Vanguard. +The good stuff (data and graphs) is in the PDF linked at the end. + +[https://investornews.vanguard/introducing-how-america-invests/](https://investornews.vanguard/introducing-how-america-invests/) +Over the last couple of years I made a few $m in capital gains by basically buying crypto/Tesla with my savings over the last 7-8 years and adding leverage, which turned my decidedly small stash to a comfortable retirement amount recently. I'm also convinced that Tesla will continue to appreciate substantially over the next 5-10 years. These gains are in taxable accounts. I'll be looking to sell them over time to fund retirement/house purchase, broaden investments into private companies, etc. + +To make sure I'm not giving away more than I am supposed to in tax, I am looking to get some professional advice. How do you go about finding a capable account/tax attourney that is used to handling somewhat larger sums? Are there any specific questions/filters you like to ask when assessing them? + +While this is an open ended question. How much should I expect to pay? + +Edit: The accountants I have spoken to don't really offer anything different to those preparing my annual returns when I only had a simple salary based tax return to submit. +Firstly, if this is against the rules please remove this. I'm not promoting a channel because I don't have one yet, just gauging if people would even watch. I have actually never made youtube videos at all hah. + +I love this community, I've learned a lot here and I've started to give a little back to the very new people. I've only been trading a little over a month and I'm learning lessons every day in the market. I wonder if people would be interested in some fairly short videos of me putting on some trades, talking about enter/exit strategies, then talk about the trade as it progresses and finally management and closing/trades. + +Would you be interested in this? + +Edit: I’m legitimately overwhelmed by the response here. Thank you all for your input. Just to clarify something, I am not *teaching* how to trade options here. Think of this as a vlog trading journal that you can grow with over time. I plan on explaining some concepts and why I make the decisions I do. So far every trade decision I have made has had some lesson to be learned from it. I’m doing this for 2 reasons: to help other people who are going through the same and to have a video log of my trades. I currently keep a paper log too but this will help me see my own thought process evolve over time. + +Thanks again! I’m gonna start working on this tomorrow so if you want updates give me a follow on here and I’ll post some updates to my page. +Hello Thetagangers, + +Here are my updates for this week! + +**Full Profile:** [https://thetagang.com/CreditSpreadKing](https://thetagang.com/CreditSpreadKing) + +**Overall Progress** + +* W/L Ratio: 100% (21/0) +* Realized Profits: $2406 +* AVG Trade Length: 2.5 Days +* Total Duration: 2 Weeks +* Account Size: \~7-8K + +**Weekly Log:** + +1. [Week 1 (4/5/21 - 4/9/21)](https://www.reddit.com/r/thetagang/comments/mnqiad/weekly_credit_spreads_4521_4921/) +2. [Week 2 (4/12/21 - 4/16/21)](https://www.reddit.com/r/thetagang/comments/mscnwb/weekly_credit_spreads_41221_41621/) + +**By The Numbers This Week:** + +* Realized Profits: $1212 +* W/L Ratio: 100% +* ROI \~ 30% + +https://preview.redd.it/nc60vx96qlt61.png?width=1485&format=png&auto=webp&s=4964c98eb2023128133e42d802a24f903fb99504 + +# Closed Positions + +**DIS PUT CREDIT SPREAD** **180/182.5** + +* Open: 4/9/21 +* Closed: 4/14/21 +* Expiry: 4/23/21 +* Price filled: 0.68 +* Quantity: 4 + +Opened last week, you can check my reasoning from my week 1 post. Held this over the weekend and closed early this week for roughly a 40-50% return. DIS has been one of my favorite plays and has been trading sideways recently; I will open this position once again on a red day. + +**Realized Profits: +$136** + +&#x200B; + +**FB CALL CREDIT SPREAD 315/317.5** + +* Open: 4/6/21 +* Closed: 4/14/21 +* Expiry: 4/16/21 +* Price filled: 0.68 +* Quantity: 4 + +Opened last week, you can check my reasoning from my week 1 post. At market close last week, this play was deep in the red, but FB sold off early this week from it's ATH in a long time as I had suspected, so I was able to close this position early. I could have waited 2 more days for these to expire worthless, but I wanted to lock in the profits and didn't want to risk gains for the potential of a few more pennies at expiration. + +**Realized Profits: +$184** + +&#x200B; + +**BA PUT CREDIT SPREAD** **242.5/245** + +* Open: 4/9/21 +* Closed: 4/14/21 +* Expiry: 4/23/21 +* Price filled: 0.72 +* Quantity: 4 + +Opened last week, you can check my reasoning from last week's post. Hit my 50% profit trigger early this week, locking in that sweet profit and making sure I trade as methodically as I can. + +**Realized Profits: +$144** + +&#x200B; + +**DKNG PUT CREDIT SPREAD 53/55** + +* Open: 4/12/21 +* Closed: 4/13/21 +* Expiry: 4/23/21 +* Price filled: 0.48 +* Quantity: 5 + +Reasoning: DKNG took a big hit early this week, going down as much as 6-7%, despite the consistent good news. I wanted to double down on my earlier positions and pick up a much safer spread to collect some premium. It hit 40% profit the next day, and I was comfortable closing out that position. You'll see I like to close out my positions pretty early if there's a huge spike in premium in a short time span. With shorter expiry spreads, I feel that it's important to take solid wins as soon as possible, and move on to the next opportunity. + +DKNG has been getting clapped all week, I'll talk about my other DKNG positions later since those are still open. + +**Realized Profits: +$92** + +&#x200B; + +**SNAP CALL CREDIT SPREAD 67.5/70** + +* Open: 4/14/21 +* Closed: 4/16/21 +* Expiry: 4/30/21 +* Price filled: 0.76 +* Quantity: 8 + +Reasoning: SNAP despite getting an upgrade to 75 target, is reaching resistance levels around 65-66. I am bullish long term on the stock, but I think it trades sideways for a bit. I don't see it hitting 67.5 in the next week or so. PoP \~ 70% ROI \~ 44%, IVR 74. + +I closed this 2 days later for \~20% profit. I didn't realize SNAP earnings were next week and I don't want to hold this bearish position until then, especially when I'm bullish on the company overall. Able to squeeze out some profit due to a big down day for SNAP and learned my lesson on checking earning dates before opening up a trade (especially in earnings season). + +**Realized Profits: +$120** + +&#x200B; + +**ABNB PUT CREDIT SPREAD 167.5/170** + +* Open: 4/14/21 +* Closed: 4/16/21 +* Expiry: 4/23/21 +* Price filled: 0.6 +* Quantity: 8 + +Reasoning: bullish as a recovery play and the support level is at 170. Hasn't closed below that point in months. PoP 65%, ROI 32% IV 46%. Great play to get in with relatively low risk. + +In 2 days, hit 30% profit, so I'm taking profit before the weekend hits. I still think ABNB won't close below my short strike at expiry, but I want to liquidate a bit and reset for next week. Even with all the profits I took in, I still felt like I was trading very poorly. I want to reset my mentality and have a lot of cash ready for any plays next week. + +**Realized Profits: +$144** + +&#x200B; + +# 0 DTE Trades + +I've started liking doing 0 DTE SPY spreads to make the most out of my PDT limit. Here are the plays I made this week. + +**SPY PUT CREDIT SPREAD 409/410** + +* Open: 4/12/21 +* Expiry: 4/12/21 +* Price filled: 0.25 +* Quantity: 4 + +Reasoning: I think today will be less than a 1.5 point move for the SPY today, so I'm getting in on this play for some decent premium. Will monitor this in a few hours to see if I need to exit this trade before expiration. + +This play expired worthless. + +**Realized Profits: +$100** + +**SPY CALL CREDIT SPREAD 415/416** + +* Open: 4/14/21 +* Expiry: 4/14/21 +* Price filled: 0.13 +* Quantity: 7 + +Reasoning: SPY continues to have consecutive green days, but I don't see it hitting the 415 strike by market close today. + +This play expired worthless. + +**Realized Profits: +$91** + +This is next one is an iron condor that I opened separately as the day went on: + +**SPY CALL CREDIT SPREAD 418/419** + +* Open: 4/16/21 +* Expiry: 4/16/21 +* Price filled: 0.15 +* Quantity: 7 + +**SPY PUT CREDIT SPREAD 414/415** + +* Open: 4/16/21 +* Expiry: 4/16/21 +* Price filled: 0.12 +* Quantity: 8 + +Reasoning: Coming into today, I thought the market was going to have another up day due to so much strength and also the beginning of earnings season. I opened the bear credit spread when I became convinced that SPY would only move 1-1.5 points today. The last hour moves definitely had me sweating, but eventually settled below my short strike and worthless. + +**Realized Profits: +$201** + +&#x200B; + +# OPEN PLAYS + +**DKNG PUT CREDIT SPREAD 56.5/59** + +* Open: 4/8/21 +* Expiry: 4/23/21 +* Price filled: 0.67 +* Quantity: 4 + +**DKNG PUT CREDIT SPREAD 56/59** + +* Open: 4/8/21 +* Expiry: 4/23/21 +* Price filled: 0.8 +* Quantity: 4 + +Oh boy, DKNG getting absolutely clapped this whole week. After market trading would move it up a couple points, only for this stock to be completely destroyed come market open. It has been bouncing around the 58-60 range, and I have a week left til expiry. Hoping to cash out as soon as it rebounds, but who knows at this point. In hindsight, this was not my best trade. It may just bring my win streak to an end! + +&#x200B; + +**BMBL PUT CREDIT SPREAD 50/55** + +* Open: 4/15/21 +* Expiry: 5/21/21 +* Price filled: 1.32 +* Quantity: 2 + +Reasoning: This is a much longer DTE than I usually play, but this has such great value. Great IVR right now and solid support at 60. High PoP play with great ROI, and I'm parking my money in this play while the VIX continues to fall to lower lows every day. + +# Final Thoughts + +My trading approach is basically like the guys who show up fashionably late to a party, then be the first ones to leave. I understand the risks, and I understand that I'm pretty lucky to be all green so far. My retirement accounts are all in ETFs and this is pretty much my play money. I'm going to continue to log this and see if I can fine-tune this style of trading as I go. + +Overall, I think I traded like garbage this week, despite beating my profits from last week. I want to find much better plays next week! +Did u guys see what’s going on in China? + +From what I’m observing, the Evergrand collapse lead to a demolition of their projects, which lead a movement (around July 7th) from the Chinese people to stop paying their mortgage, which lead the top banks to limit withdrawals, and since banks are 10/1 leveraged on housing, might be the collapse of banks (7/10 biggest companies in China are banks)… people are getting beaten up in the streets now.. tanks.. +The technology in the Cryptocurrency space will continually evolve and there will always be a next "Bitcoin killer" or a "Better Bitcoin". Then there will be a killer of the "Bitcoin Killer". This can go on forever and we'll be lost on the way. + +The true value of the first Bitcoin lies in the legacy and it has intrinsic factors that can not be recreated again. What Satoshi invented would be impossible today. There is no CEO. There is no founder. There is no single attack point. Same cannot be said for the rest of the next generation cryptos. + +The value of this cannot be understated. +[https://www.bloomberg.com/news/articles/2022-09-06/energy-trade-risks-collapsing-over-margin-calls-of-1-5-trillion?srnd=premium](https://www.bloomberg.com/news/articles/2022-09-06/energy-trade-risks-collapsing-over-margin-calls-of-1-5-trillion?srnd=premium) + +**Excerpt from from the article...** + +*“Liquidity support is going to be needed,” Helge Haugane, Equinor’s senior vice president for gas and power, said in an interview. The issue is focused on* ***derivatives trading****, while the physical market is functioning, he said, adding that the energy company’s estimate for $1.5 trillion to prop up so-called paper trading is “****conservative.****”* + +[*Read more: Europe’s Lehman Warning on Energy Prompts Flurry of Cash Help*](https://www.bloomberg.com/news/articles/2022-09-06/europe-s-lehman-warning-on-energy-prompts-flurry-of-cash-help) + +*Many companies are finding it increasingly difficult to manage* ***margin calls,*** *an exchange requirement for extra collateral to guarantee trading positions when prices rise. That’s forcing utilities to secure multi-billion euro credit lines, while rising interest rates add to costs.* +We've all been there. You load up on a crypto hoping that they are something worth investing in only to have it be beaten down in a day or two. Most cryptos don't last and for good reason, they aren't actually trying to achieve what they say they are. **WenMoon's different**. + +**The 5 day old 5 million dollar market cap crypto** has seen investors still loading up in support of WenMoon. The development team as been open with the investors from day one and showed that they aren't some pump and dump crypto. WenMoon is a safe investment because of that openness and because of the development plan going forward. + +When someone looks at a coin they look for the utility. They ask, whats the ceiling on this? Are they actually capable of doing what they say? Are they willing to adapt? I'll answer those for you. + + WenMoon has a ceiling unlike most new cryptos. It starts with the coin utility. It'll be the **first Dapp powered by WenMoon**. This will take tremendous effort to achieve and is one of the reasons most cryptos can't get past the "great wall" The ceiling only goes higher when you look at the long term capability due to its 15% redistribution back to investors. Imagine investing in a stock that kicked **dividends** back ti you EVERY DAY. + +Is WenMoon capable of doing it? Yes. The backgrounds of some of the development team are nothing to overlook. Building a **million dollar tech start up** isn't easy but they did it. Up next is the million dollar crypto company. + +Is WenMoon willing to adapt? ABSOLUTELY. As a company **if you don't adapt you die**. WenMoon as already began to adapt. Their original roadmap is being heavily revised in order to maximize the growth of WenMoon. As an investor that should perk your ears up. Nothing is worse than a crypto who is sitting dead in the water because they dont know how to adapt to the market. + +I laid out a few things I think are reasons for you to invest in WenMoon but as always, do your own research. I'll post some links for you guys to check out! + +Website: [https://wenmoon.space/](https://wenmoon.space/) + +Discord: [https://discord.gg/t7pHugTF](https://discord.gg/t7pHugTF) + +Telegram: [https://t.me/WenMoonTelegram](https://t.me/WenMoonTelegram) + +Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797) +I hope no one here falls for this scam, but I wanted to post this to warn everyone in case. I received this [DM](https://imgur.com/gallery/nUsp5yV) after posting here about reducing my credit card debt. It's really scummy to prey on those trying to get their personal financial lives under control. The user deleted the DMs after I continued questioning. Beware of what's too good to be true. +My situation: + +I am 33, living in Toronto. It took my until 27ish to finish my undergrad. There were a lot of years were my income was zero, because I was either in school or unemployed. + +After graduating from undergrad, I worked for one year, making a couple of dollars above minimum wage, before going back to do an MBA to hopefully improve my wages. + +It worked, sort of. I graduated in 2020, and after six months of unemployment I got a job primarily because of a connection I'd made during my MBA. The job title is business analyst, and pays 80K gross, around 60K net. I believe I'm underpaid, but I haven't troubled to find a new one because it's a pretty easy job, I don't do a lot day to day. The job is also fully remote, which is a huge plus. + +I started the job in June 2021, so it's going to be a year in June. I started with 0 net worth after graduating, and I've saved up 30K so far, so almost exactly half of my 60K net. + +It's mostly just frugality. I live alone, and the rent is about $1400, which is below the market rate. I don't go out much, and my groceries are about $400. I don't have a car because I live pretty close to local transit, and it's pretty reliable. + +I've put about half in VEQT, about half is in a savings account waiting for a good time to buy in (I know, I know, time in the market beats timing the market, but I think the market conditions are ripe for a reset.) + +I hope my wages grow a bit this year. A colleague who also did the same MBA as me recently jumped ship and got a product manager job that paid $40K more than we were being paid at our current role. + +I'm hoping I can do the same, maybe by moving to a fully remote position at a US firm. I think the next couple of years will be dedicated to making that connection somewhere, possibly by working at a company that does both canadian and US operations, working for the Canadian arm and then making the transfer. + +Also thinking of getting on the property ladder and getting a condo... Though not sure how wise an investment that is without the 20% down payment ready. if I keep to my savings rate at 50%, I'll be able to afford a 20% downpayment in 4 years... depressing thought for a 500 sq foot condo, which is what I'm targeting + +But chances are I won't be able to maintain that savings rate. I HAVE to move from my current location because of poor air quality, and rates all across the city have crossed the 1700 mark for a 1 BR apartment... + +So there's some good and some bad, but at least I'm holding my head above water, which I wasn't able to do previously. Here's to all you struggling out there, keep on struggling! +I discovered the crypto world in February when there was the pump and dump of doge and ripple. +I bought doge at 3cents and xrp at 30 cents. +I used binance. Binance offered me to buy bnb in order to pay less commissions, so I bought bnb at 35€. + +At that time I realized I invested too much money in something I didn't know enough, so I joined this Reddit and started to study and learn. + +The first thing I "learned" was that: +- doge is a meme made to make rich the billionaires and steal money from noobs like me who will invest and lose money +- xrp is a scam made to make rich it's inventors and soon it will be illegal +- bnb is a Chinese ripoff of ethereum with an artificial pump of the price that soon will collapse. + +I immediately sold my coins because everyone was saying I was going to lose everything. If I didn't sell them, in just 2 months now I would have so much money that I don't even want to check exactly how much because I would die of anger. + +I decided by myself, it's not anybody else fault, but please stop with these posts where you advice people to sell shitcoins because their price will collapse, because you can't predict the market. + +Honesty I don't like these coins, I learned a lot in these months and now I focused my money in different coins with better projects, I believe I'll get a revenue in the long run. + +But never forget that nobody can predict the market. And most important, the market is not related to the project, it's related to the hype. If everyone is talking about doge, everyone wants doge, so the price will spike. You can have the best project ever but if nobody knows about it, nobody is interested, so the price won't grow. + +Right now the most recent post got 7,5k upvotes and it's another post saying that doge is a scam and nobody should buy or they'll lose their money. +Why? If you don't like it, don't buy it, you can also say that you don't like it, but please stop pretending that you can predict the market because you can't. + +Maybe doge will collapse in few days. Maybe it will reach 1$. You just can't know it. Personally I won't invest now in doge because I think it's already too high, but I won't call it a shitcoin and I won't tell anyone to sell. +Guten Tag to this global band of Apes! 👋🦍 + +The markets continue to be volatile, purportedly because of the Evergrande situation but I am convinced that we were in for some volatility this month even without that. Reverse Repos hit another all-time-high, nowhere close to the end of the month even. At this rate, I'd expect it to hit $1.5tn on September 30th. Apes continue to DRS their shares to ComputerShare, but also buy shares directly through ComputerShare. As more and more pressure builds on the SHFs, we can expect to see even extreme attempts to manipulate the stock and apes. I don't know how it is possible, but they must not know who they are dealing with. Our Diamantenhände are forged by their fuckery, and we are ready to buy the dips and HODL what we buy indefinitely. + +Today is Wednesday, September 22nd, 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: **$187.78 / 160,36 €** *(volume: 1296)* +- 🟩 115 minutes in: $186.93 / 159,64 € *(volume: 1288)* +- 🟥 110 minutes in: $186.63 / 159,38 € *(volume: 1237)* +- 🟥 105 minutes in: $186.89 / 159,60 € *(volume: 1109)* +- 🟩 100 minutes in: $186.92 / 159,62 € *(volume: 1046)* +- 🟩 95 minutes in: $186.77 / 159,50 € *(volume: 1046)* +- 🟩 90 minutes in: $186.74 / 159,47 € *(volume: 1036)* +- 🟥 85 minutes in: $186.16 / 158,98 € *(volume: 1010)* +- 🟩 80 minutes in: $187.99 / 160,54 € *(volume: 875)* +- 🟥 75 minutes in: $187.62 / 160,23 € *(volume: 597)* +- 🟥 70 minutes in: $187.89 / 160,45 € *(volume: 577)* +- 🟥 65 minutes in: $189.45 / 161,79 € *(volume: 442)* +- 🟩 60 minutes in: $189.72 / 162,01 € *(volume: 441)* +- 🟥 55 minutes in: $189.66 / 161,96 € *(volume: 439)* +- 🟩 50 minutes in: $189.86 / 162,14 € *(volume: 423)* +- 🟩 45 minutes in: $189.75 / 162,04 € *(volume: 372)* +- 🟩 40 minutes in: $189.10 / 161,49 € *(volume: 319)* +- 🟩 35 minutes in: $189.09 / 161,47 € *(volume: 190)* +- 🟥 30 minutes in: $188.91 / 161,32 € *(volume: 176)* +- 🟩 25 minutes in: $188.93 / 161,34 € *(volume: 166)* +- 🟩 20 minutes in: $188.87 / 161,29 € *(volume: 157)* +- 🟩 15 minutes in: $188.79 / 161,22 € *(volume: 157)* +- 🟩 10 minutes in: $188.71 / 161,15 € *(volume: 157)* +- 🟩 5 minutes in: $188.63 / 161,09 € *(volume: 120)* +- 🟥 0 minutes in: $188.59 / 161,05 € *(volume: 110)* +- 🟥 US close price: $189.95 / 162,21 € *($188.80 / 161,23 € 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 1.17099447. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +https://www.barrons.com/articles/ark-etf-funds-performance-51641424042 + +The new year didn’t bring a fresh start for Cathie Wood’s ARK Invest, a fund company known for its focus on innovation stocks and high price targets. + +The firm’s flagship ARK Innovation exchange-traded fund (ticker: ARKK) plunged 7.1% in Wednesday trading, marking its worst day since Sept 3, 2020. All of ARK’s other ETFs, including the latest, ARK Transparency (CTRU)—launched in December—are also deep in negative territory. + +Growth stocks fell on Wednesday after the latest minutes from the Federal Reserve’s December policy meeting were released, suggesting that the central bank’s rate increases might be earlier and faster than market has expected. + +Investors were spooked as Fed Chairman Jerome Powell shifted his tone to emphasize the risks of inflation—after months of describing rising prices as “transitory”—as a new Covid-19 variant is rampaging across the country and causing supply-chain disruptions. + +The S&P 500 lost 2% in the last two hours of Wednesday’s trading, growth stocks within the index tumbled 3%, and the tech-heavy Nasdaq Composite dropped 3.3%. + +But the ARK ETFs were some of the worst-performing funds amid Wednesday’s decline. Besides ARK Innovation, ARK Genomic Revolution (ARKG) was down 7.1%, ARK Fintech Innovation (ARKF) dropped 6.6%, and ARK Next Generation Internet (ARKW) fell 6.2%. Other groups of growth stocks, such as blockchain, cannabis, clean energy, and technology, were also deep in the red. + +Wednesday’s loss was just the latest stretch of ARK funds’ year-long struggle. ARK ETFs were some of the best-performing funds in 2020, soaring an average of 150% as the pandemic accelerated the adoption of many emerging platforms and technologies that companies in its portfolios own. + +Since peaking in February 2021, however, the funds have been tumbling downhill, shedding much of their gains from the year before. Rising inflation has made the future cash flow of growth-oriented innovation firms less valuable today, and investors were seeking returns from safer corners, such as cheaply traded cyclical stocks. + +With the Fed’s hawkish pivot, it looks like the volatility in growth stocks and ARK funds will continue. But if inflation can be somewhat contained following the Fed’s tightening policy in 2022, innovation stocks might embrace some rebound—though that won’t be anytime soon. +[Link to the full article (1 min read)](https://www.cnbc.com/2022/11/01/amazon-plunge-pushes-valuation-below-1-trillion-first-time-since-2020.html) Amazon stocks dropped another 5.9% on Tuesday after falling for five straight days. It closed at their lowest price since April 2020, wiping most of the gains made during the pandemic surge. The recent sell-off was triggered after Amazon gave a disappointing Q4 forecast and expects sales growth to be lower in the coming holiday season. Similar to other big tech peers, Amazon has struggled this year from economic slowdown. The company has been forced to scale back after expanding dramatically during the pandemic. So far this year, their stocks dropped 43% and is on track for the worst year since 2008 when it plunged 45%. + +**Check out** [**investorsnippets.com**](https://investorsnippets.com/) **for more bite-sized news like this straight to your inbox for free.** +Non-farm payrolls: +2.5 mil vs -7.5 mil expected (-20.67 mil in April) + +Unemployment rate: 13.3% vs 19% expected (14.7% in April) + +These calls are gonna print. Gay bears are skinned and used as a rug in front of my fireplace + +https://reut.rs/3gW6HzH +It's a trivial piece of math built on the boring old 4% rule, but it's a milestone worth noting nonetheless. + +I just reached it myself. I threw 30,000 into a calculator, multiplied by 0.04, and divided by 12 to come out to a crisp, clean, three-digit number. It was just a nice little unexpected surprise. + +Getting here didn't feel all that hard. In fact, I feel like I could've saved more. Anywho, that's all. I hope you're all doing well and feeling good about your goals. +[Ron Paul: US interest rates are going negative, and the Fed can’t stop it](https://www.cnbc.com/2019/09/15/ron-paul-us-interest-rates-are-going-negative.html) + +Ron Paul is warning negative interest rates will crush the global economy. + +The former Republican congressman from Texas believes the U.S. won’t be the exception. + +“We will join the rest of them and go to total negative rates in hopes that that will be the solution,” he told CNBC’s “Futures Now” on Thursday. “We’ve never had as many currencies in negative interest rates. $17 trillion worth of bonds [are] in negative interest rates. It’s never existed before. And, that’s a bubble. So, we’re in the biggest bond bubble in history, and it’s going to burst.” + +Paul, a former presidential candidate and vocal libertarian known for his economic and stock market bubble warnings, contends the Federal Reserve’s policies are powerless in this environment. He doesn’t believe this week’s Fed meeting will provide any kind of relief and cutting rates will not be the answer. + +“You can’t predict exactly where the creation of credit goes,” said Paul. “We have a ton of inflation with all that QE [quantitative easing]. And, every time you lower interest rates below market levels and create new credit, that’s a bubble.” + +Paul has been waving the red flag for years, warning that a once in a lifetime market drop of 50% or more will strike stocks. With bonds yielding negative rates now in focus, he suggests the danger is ballooning to unseen levels. + +Yet, he’s unsure of the timing of a collapse. + +“You don’t know this precise time. But you know it can happen,” he said. “How do you sell a bond that pays a negative rate? Who’s going to jump up and down?” + +Flashback October 2018 + +But what a difference a year makes. + +Paul was worried about the other extreme last October — when the benchmark 10-year Treasury note yield rallied to seven year highs and hit 3.26%, creating inflation jitters. + +“It can be pretty well validated by looking at monetary history that when you inflate the currency, distort interest rates and live beyond your means and spend too much, there has to be an adjustment,” Paul told “Futures Now” last October. “We have the biggest bubble in the history of mankind.” + +On Friday, the 10-year yield closed at 1.9%, its highest level since August 2. + +So, why is Paul still warning an epic bond bubble will burst an create chaos if rates are no longer above 3%? + +According to Paul, central banks which drastically lower interest rates destroy the pricing mechanism in financial markets. + +“I don’t think anything even existed coming close to what we’re facing today,” Paul said. +Recently on this forum lots of questions have been surfacing around what folks aspiring to become fatFIRE or already are fatFIRE should invest in. + +Questions often come up in the context of: + +* Should I pay off my mortgage +* My car dealer is offering 0% financing, should I take it even though I can pay cash for the car +* Should I invest in residential real estate +* Should I leave 50% of my net worth in my company stock/founders equity or diversify +* What about bitcoin/GME/dogecoin + +Although I'm about 15 years past my MBA/CFA classes covering the topic (I stopped the CFA after passing level 1 as my career took a different path), I figured a good over-simplified 101 on modern portfolio theory and rough optimal portfolio construction guide could help folks figure out how investment professionals solve this problem. + +What is portfolio theory? + +Start with a quick read of https://en.m.wikipedia.org/wiki/Modern_portfolio_theory as I'd otherwise do a crappy job of plagiarism here. + +The quick TLDR is: there is a bunch of stuff you can invest in. You'll always go with investments that offer the highest return for a fixed level of risk, but you should figure out what level of risk you can sleep at night with, then construct the portfolio that gets the best return for that level of risk. + +How do you construct your optimal portfolio of investments? + +Step 1: Identify your pool of potential investment alternatives and roughly identify the level of risk and return for each. + +Investment options may include Company stock purchased at a discount, mutual funds/index funds, specific stocks, treasuries, business investment opportunities, and returns should be calculated net of taxes. + +Examples: + +* COMPANY STOCK BUY-IN AT 20% DISCOUNT - bad year - down 50%, good year - up 80%, average year - 30%, +* Buy home with cash instead of renting - bad year down 20%, good year up 30%, average year - 8% after taxes/appreciation/management fees/rent savings, +* Buy new printing press for your t-shirt business - 60% good year, -20% bad year, 20% average +* S&P index fund - 40% good year, -20% bad year, 10% average +* US 10 year treasury - 2% good year, 2% bad year, 2% average. + +Step 2: Identify what level of overall portfolio risk you'd be able to sleep at night with. Typically younger investors with fewer obligations and safety nets are ok with more risk, while folks late in their 80s want to make sure the funds can cover medical costs late in life and might not deviate much from treasuries and corporate bonds. + +Step 3: Looking at your the basket of investment alternatives, there will be a handful of obvious superior investments and invest in them first as they'll be superior to any market offering (e.g. max out your 401k/IRA since it is pretax, always buy company stock if offered at a discount or if given a company match, diversify individual stock & industry risk by also buying competitor stock or inversely performing industry funds, maximize your tax breaks, invest in new equipment for your business with a 1 year break-even). + +Step 4: With your remaining funds (as I'm guessing many of you have substantial savings rates), round out your portfolio with the most efficient mix of other investments to hit your acceptable target level of overall risk. + +If you want to reduce risk, you can first find complimentary investments with higher returns that inversely correlate with the risk of your portfolio (e.g. you work in oil and get company stock but probably should invest in some solar & natural gas companies). + +Then if you want to further reduce risk, you can invest in low-risk/low-reward investments like treasuries & corporate bonds so that your overall risk is tolerable (or pay off any debt/mortgages if the current interest rate paid net of taxes is higher than a zero risk treasury). + +If you want to increase your risk profile, let it ride with diversified stock funds, invest in a basket of high-risk non-traditional investments (YOLO dogecoin), options, or even take on debt (as cheaply as possible via mortgages, loans on commercial property, margin investment accounts, etc...) to increase the amount you are putting on the line. + +Step 5: Annually re-examine your portfolio, especially as tax laws change, new opportunities surface, and rebalance your portfolio if the risk doesn't match your goal using tax deferred accounts (IRA/401K) so you don't have to pay capital gains taxes when selling relevant securities. + +--- + +That's a massively over-simplified version of what investment professionals / financial planners do (for their fees), but given the number of questions that have been popping up lately on this topic without addressing the underlying risk tolerance discussion, I figure I'd provide a rough primer. +We have known all along... the huge heaping pile of dogshit wrapped in catshit known as synthetic shares, phantom shares, or IOUS - they aren't real shares until you DRS and put them in your name. + +During Jan 2021, FINRA reported a short interest of 226% + +The SEC 'meme stock report' showed 122% + +Link - https://www.sec.gov/page/sec-staff-release-gamestop-report + +What does the short interest mean? + +According to Investopedia: + +"Short interest indicates how many shares of a company are currently sold short and not yet covered. + +If a company has 10 million shares of stock outstanding and 1 million shares are sold short, the total short interest is 10%." + +GameStop once had 76 million shares outstanding. The official reports showed 122-226% which means 92-171 million shares were sold short.↘️ + +But we all know mathematically it is easily over 1,000% meaning the reverse is also true: + +#There are easily over 1 billion synthetic shares. + +Link - https://www.reddit.com/r/Superstonk/comments/wdf1gs/reminder_reported_short_interest_si_will_never/?utm_medium=android_app&utm_source=share + +And you know what happens when shorts close? Buy back which creates Massive price action movement 🆙 + +Shorts are really the dumb stormtroopers of the Galaxy. + +SHFs have doubled down on every opportunity to short and have dug a grave so far deep that it's made them sell their condos, penthouses, and move to Florida because they know domino bankruptcy is coming. + +The DOJ has opened an investigation and made a public statement they are pursuing RICO charges for securities fraud. + +This week we received the smoking gun that the DTCC intentionally coded it wrong on the instructions to international brokers for a FC-02 - stock split, NOT an FC-06 for stock dividend, according to their own handbook from the official DTCC website. + +Ryan Cohen has made it clear: + +"Ask not what your company can do for you - ask what you can do for your company." + +It's clear as daylight. + +Submit reports to SEC and DOJ. They want a paper trail to pursue this for RICO charges. + +The MOASS is in our hands, nobody is going to hand you a million dollars on a silver platter but you have been given the keys to do it. + +DRS your broker shares to prove that you own your shares. Document and screenshot any taxes incurred by broker's doing a stock split on your account. Package that all up and send it: + +DOJ + +https://oig.justice.gov/hotline/submit_complaint#:~:text=You%20may%20report%20waste%2C%20fraud,Drug%20Enforcement%20Administration + +SEC + +https://www.sec.gov/oiea/Complaint.html + +The music has stopped. + +This is the final piece... The last DRS wave before the MOASS. + +Share price will jump into the thousands to prevent fomo buyers and skyrocket into hundreds of thousands triggering halts. This is a once in a lifetime event and it will not be televised but what you do today will live in history. + +Make it count. + +Buy DRS hodl +🟣o7🟦👑💎🙌🚀♾️🏊‍♂️ +Been working my way up grinding hard and long story short I’m 32 and got a promotion to GM next year. +Business has Rev of $25M a year with 40 employees and is making roughly 10% profits on turnover. + +I am grateful for the opportunity but can’t help feel it’s a bit low. It’s a $15k increase from my previous role where I obviously wasn’t responsible for the business . So I’m on $150k/yr + car + super ( up from $135k as sales manager with same perks) +Just wanted to see what others thought or whether I need to check my privilege a bit. +Thanks +I own four rental properties (SFH), I have about 25-30% equity in two of them, and 50-60% in equity in the other two. + +I want to buy more properties, pulling money out of my rental properties for the down payment on a new one. + +When do I know I'm over leveraged? Any sort of guidance or rules I should be following? +I'm looking at acquiring a 4 bedroom home as an investment. This is my first property and I would like to get out of my current living situation. I was wondering if it would be wiser to rent out the entire house to a single renter, or to rent out three individual rooms so that I can move out of where I am currently living. The house is brand new, built this June. Thanks guys! + +EDIT: Thanks for all of the responses guys! Really appreciate it! +I already posted about Kiraverse. So have many others. If you don’t know by now that it’s a high end multiplayer shooter game where you can bring your own NFTs, rent them, ride Cyber Cycles, shoot at Meta Boys with Chrome Cannons, and even use your own BYAC NFTs as characters, then do some fucking research. The Cyber Crew and now featured ParamLabs/Kira are the games you’ve all been waiting for to push this to the next level! Seriously, join their discords, sign up for the alpha, and step the fuck up. Believe it or not, you can do ALL of this and DRS at the same fucking time! + +It’s here, but the bullshit making it through to Hot is not the stuff the company is focusing on. Look at the games! Those are our revenue streams! Those are the future. Check them out, and give them love. + +I have been angry, salty, tired, worried, happy, confident, and most importantly DEDICATED. No way I’m losing to some dumb fucking banker. I’ll die of old age first. + +Anyways, love you. Stay frosty. Enjoy this weekend because the next one might just be completely different. Take care of your fam! ❤️🏴‍☠️💜🚀🏴‍☠️ +Hey guys, pretty new to Theta Gang and selling options (Started early this year). + +What would you do if you were in my position? I started out selling credit spreads and did pretty well early on but did lose a lot during March and April. Switched over to the wheel strategy and I've been liking it so far. I am in the Navy and currently in training for my job at my new duty station. When I get to my next duty station, I will be underway for couple weeks to few months at a time and I cannot monitor my account if I'm underway. I don't see a problem if I'm gone for about few days-couple weeks but I definitely don't think its smart to sell long-term options (DTE of 90 or greater and not be able to monitor/adjust my trades until I get back) so that I'll be coming back right around the time option expires. I could just get out of all of my positions and just stick it in $SPY until I have a secure in-port period. + +Do you have any advice on what I should do? Do you guys have experience in selling long-term option without monitoring it? +Always known as a great and reliable dividend stock. But it seems Pepsi took a great approach by diversifying their business with snacks and drinks. I’m curious what you guys think of KO’s future and whether it will continue to be a solid, reliable dividend stock. +Over the weekend I realized how dumb I've been investing in random companies using fractional shares(most are $1) and investing only because they are popular. Over the weekend I set a bunch of things to sell on Monday when the market opens and im putting all funds to my more secure stocks that I believe in and know are good. Its a nice personal goal of being more mature in investing and making smarter investment moves rather then just chase dividends +Everyone knows this isn't retail selling. + +But back when Citadel clawed back billions from Melvin Capital and received over a billion dollar infusion from Sequoia, those that were paying attention knew what was to come. + +Kenny refilled his mayo jars, and got a top up on short ammo. These moves screamed desperation... and it's going to cause Citadel a lot in the long run. But hey, whatever works, right Ken? "Whatever it takes to buy one more day." + +But guess what Ken... You can't afford the amount of days it would take to stay afloat. But good luck borrowing and calling in favours until everyone knows you're a defeated relic from a corrupt and fading era. +**EDIT:** Thank you all so much. I was hoping a couple people would see this and enjoy it. I am incredibly humbled and surprised by all the upvotes and awards. Thank you. + +Hey my fellow apes, + +I bought into GME high. I got into GME at 10 shares @ \~$300. On Friday Feb 5th, after market close, I decided I was just gonna call it a loss and close my position in GME the following Monday at market open. That Saturday, I drove 4 hours home and surprised my mom at my aunts house. + +My aunt put together a birthday dinner for my mom and I thought it would be a nice surprise for her to see her son on her b-day. It was a fun party. We ate, drank, and played games into the evening. At one point though, my aunt remembered something. + +She and her spouse moved her old ass couch out of her home to the dump the previous week. In the process of moving however, she found a wallet inside. + +https://preview.redd.it/bpoihfh7fol61.jpg?width=3024&format=pjpg&auto=webp&s=d95e6300998685c2deac982bd32fa2107d0b664f + +The wallet was my first wallet ever. It still had my 7th grade student ID card, locker combination, and class schedule inside. What really made my testies tingle though was the Gamestop Value card that was inside. + +https://preview.redd.it/9wl2va36fol61.jpg?width=4032&format=pjpg&auto=webp&s=16fe66b39e8491e7ac8cbe63976c5257158c487a + +Of all the times over the last 15 years that this wallet could have been found, it remained hidden until the very time I needed it most. If this wasn't a sign from God or w/e you do or don't believe in, I don't know what is. + +After coming across this card my paperhands solidified into solid fucking diamonds. I watched the price like a hawk and bought the dip. I'm in 20 shares at \~$190 now and I'M NOT FUCKIN LEAVIN. +# 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’m a fairly novice track guy. Been driving my Porsche 4S and recently test drove a 991.1 GT3 RS. Fell in love and considering buying one but wouldn’t mind trying to get a 992 GT3 RS. How can I get good enough to adequately use a car that has DRS and a bunch of other advanced features other than the generic “get more track time in”? Has anyone gone through some kind of boot camp or private instruction that boosted your performance on the track? +Hoping people can help point me in the right direction. A previous employer has kept me on their payroll and declared paying me for an extra 3 months (at a much higher rate) after I left. I haven't received any of the money of these 3 months. + +I found out checking my PAYE on the gov.uk site. + +Could they have done this for tax evasion purposes? Or something re the covid business grants. What can I do to get this cleared up with HMRC. + +Thanks in advance + +Update. WOW did not expect to get such a helpful response, thanks to everyone who took the time to add advice. I'll keep you posted on how it goes with HMRC, they have always been helpful when I have phoned them. +I am generally supportive about helping new comers. However, every day the same set of questions are asked by folks who are new to investing. These questions are answered literally every day over and over again. Does Gen Z not know how to search subreddit history? + +Barrage of downvotes commences in 3 2 1 ..... + +&#x200B; + +Edit: Thank you for the Gold strangers +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 +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 +Just a reminder to LTD Company directors that you can purchase 6 x £50 (£300 total) gift vouchers as trivial benefits, tax free. Make sure they’re separate vouchers or it won’t count. + +https://www.gov.uk/expenses-and-benefits-trivial-benefits + +I’ll be buying Amazon as I spend plenty of cash there already. Enjoy! +Using a throwaway account. + +I'm posting this out of concern for my parents' finances because my dad has purchased $25,000.00 of Nvidia after watching the news about how well the Nvidia stock will supposedly do in the next year. + +I'm far from an expert in stocks and investing in general so I'm turning to those more experienced to see how I can salvage this situation. To me, buying $25,000.00 of any stock seems financially unwise. I've always heard that it's better to diversify in order to reduce risk and buying $25,000.00 of stock for someone who has no idea what they're doing sounds like it could end in financial ruin. + +Background: This is in the United States. My (28) dad (mid-60s) immigrated to the U.S. in his 30s and has been working in various small businesses. He owns a dry cleaning business with my mom. The business hasn't been doing well in the past 5-7 years due to the age demographic of the surrounding area leaning towards retirement age. Not many retired people are getting their clothes dry cleaned (or laundered) in this area. The pandemic has hit especially hard, as with all small businesses. + +My dad thought it would be a good idea to take the $25,000.00 loan from the SBA and invest it in a promising stock due to the dip in price. He is using Fidelity. + +What should I be researching or know about so that we can avoid any possible pitfalls? He is still learning about how investment works as this is his first time in investing. I'm worried he's in over his head and will lose a devastating amount of money. + +Edit: Thank you for your helpful comments. I explained the gravity of the situation to my dad. I'll call him again tonight to explain that he needs to sell everything tomorrow when the markets open, loss or not. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Whilst i've obviously known of my dual citizenship with the US, I did not know that they are of 2 countries in the world that require non-resident citizens to file US taxes every year - this has clearly not been done. + + +I was about to fill out form W-8 BEN which suggested then filling in form W9 which then led to this rabbit hole of "accidental american" (has its own wiki and everything). So now, if I want the ability to trade in US markets & fill in either form I put a target on my back from the IRS for charges for not filing! + + +Needless to say I'm pretty pissed that such a requirement even exists. Was just hoping anyone had some advice on this? Cheers. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Hi All, +I have been working on this version solidly for over a month. I believe I have finally cracked it. So here it is, The fully automated IG Index trading program. + +I have been skeptical about my own results. However, **I can confirm that it has doubled my money in a week.** This is set to trade on the **GBP/USD** but it can be changed to work on anything (With as little as one tiny line of code). However, I am giving you this for free so if you want to use it on something else feel free to change the code. I am confident the algo would work the same. + +I have tested this in live for an entire week straight and not one trade in a(40 out of 40). I experienced onewhen the website went down but that was my choice to close the trade because I was more than in profit and wanted to fix the error. I have added a loop to check the HTTP 200 OK status so that should not happen now even if the IG site goes down. It will simply gracefully wait until it is backup and resume itself. **Other than that, there was no human interaction** + +Granted, there are parts of the code that are hacky af. However, that said it is robust enough to run on a live account. I have tested it personally. **Please take extra caution to review the code and make sure it fits your own trading style.** + +Thank you to a few math/python people from over the internet. Stack-overflow etc. I present to you... +FAIG... + +The usual caveats apply, you need an IG account with a valid API key, Runs on Python3 and Windows and the appropriate pip library's installed. + +* numpy==1.13.3 +* pandas==0.22.0 +* pandas-datareader==0.5.0 +* python-dateutil==2.6.1 +* requests==2.18.4 +* scikit-learn==0.19.1 +* scipy==1.0.0 +* sklearn==0.0 +* urllib3==1.22 + +However, that is up to you to work out how to install those. I cannot stress this last part enough ... This is more about you though, please comment, Help, Contribute and test...Test rigorously!! Please report any bugs, your helping me to help you. The more people that use it, the better it will work. + +[Github FAIG](https://github.com/tg12/FAIG) + +** - Please CHECK there are no updates before you run the code. I have just issued thisas I have been testing on the weekend's. It'sbecause there are no markets open. This is to change it to what I used through the week for example....** + +https://github.com/tg12/FAIG/commit/f80c5a04a37ea9aa2e480c80042a702b88805204#diff-fc662cd84f925e456180a15e91cf2662 + + +*So a few people have messaged me about this, The “Pseudo Code” is as follows.* + +* Login Code, generates a token that is used throughout the program. +* Read in lots of data from the markets for your chosen instrument. +* Create two arrays, One Array has an (Low Price, Volume) and the second (High Price) +* Pass this into a Linear Regression Algorithm. +* Returns the next High price prediction point. +* Check this is at least 80% accurate +* Check if this prediction is above or below current price on market. +* Trade accordingly, Long or Short. +* Check the price continuously until in profit. +* Trade either hits Limit Distance OR predefined limit. +* Close trade +* Loop round again. + +**** Please get the latest code from Github, Sunday Evening 14th. This is a live screenshot running and what you should see. + +[Screenshot](https://imgur.com/a/g8yUi) + +~~**MONDAY MORNING GMT*** Issue identified please git pull ASAP!!~~ + +~~So for those who are running this, You should have closed a trade in profit. However there is a very specific error that I will push anfor later on today sometime.~~ + +~~[Error!](https://imgur.com/a/NsO4Q)~~ + +~~If you get this error, Please be patient I am fixing this. However you can fix it yourself by checking for HTTP 404 and 400. That will cover all basis. 404 is when the program closes your trade and 400 is when your stop gets hit. Either way both in profit.~~ + +~~People have been PM'ing me with good results today. Here is a screenshot.~~ + +~~[Monday Profits](https://imgur.com/a/75aYs)~~ + +**Monday 22nd Jan - For all of you who are testing, I have pushed out some minor code updates. Should be good to go.** +Hi all, I'll try and word my question as clear and comprehensive as possible. + +You hear of investors diversify their portfolios, shares, crypto, precious metals etc. + +When a recession is about to happen(I'm not saying there is) do they keep hold of their assets or do they sell everything off? + +Do they sell and rebuy when the prices are lower ? + +Do they just keep the fiat and live off that? + +Any insight, ideas and answers are welcome, thanks in advanced. +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) +Eric Connor (@econoar) posted an interesting look at the boom-bust cycles in $ETH pricing. We are past the longest stretch of bear market history for ETH. [https://twitter.com/econoar/status/1052965220174323712](https://twitter.com/econoar/status/1052965220174323712) + +&#x200B; + +What do you think will be the key component to kickstarting the next boom phase for ETH? + +[View Poll](https://www.reddit.com/poll/9pdglg) +With ETH on this amazing run, we’re seeing posts left and right about people’s gains, and I’m in utter disbelief how many are screenshots of Robinhood. I knew it was still relatively popular, but damn. I can’t imagine “buying” crypto and not being able to stake it, move it to my own wallet, borrow against it, earn yield on it, etc. +My partner is unable to work and so she would take care of the child full time. We are thinking of having our first within 2-3 years. We don't live in London or SE. + +Am I correct in thinking that it wouldn't cost more than £200-300/mon? +I'm planning to go long term on Indian Equity market, I've been doing SIP in Large cap, Index and Debt funds for past 2+ years. MF portfolio XIRR would stand somewhere between 15-17%.My investments on direct stocks to mutual funds go by the ratio of 1:6. I keep hearing mutual funds do not give magical returns like direct stocks. I know I've no much skill so far to pick stocks, but framed a strategy to stick to large cap stocks with higher m-cap, less volatility, good cash flow, increasing revenue YOY. Again I'm not sure if this would ever beat index in returns and provide big growth. + +I really do not have a specific goal for the investment, however I've made my MF investment as debt to equity with a ratio of 5:12, assuming I could have some near term monetary needs. + +How do I cultivate the behaviour of long term investment? Could you please share your journey, returns and strategy for long term investment. +Hi,I'm in an engineering college and I want to switch to economics but I have no idea how difficult this major is. How hard can it be if you understand only the math but not the theory behind it? I'm good at math but I have no one in my family who understands economics at a superior level. + +Are there any shortcuts to this subject(economics)? How do you people learn economics and other subjects like macroeconomics,microeconomics,etc? +Definition of the former + +> In social insurance, PAYGO refers to an unfunded system in which current contributors to the system pay the expenses for the current recipients. In a pure PAYGO system, no reserves are accumulated and all contributions are paid out in the same period. The opposite of a PAYGO system is a funded system, in which contributions are accumulated and paid out later (together with the interest on it) when eligibility requirements are met. + +Definition of the latter + +> A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. + +Life expectancy is increasing due technological progress (or other reasons, but life expectancy is growing steadly), which means a higher number of beneficiaries, and birth per population is decreasing, which means a lower number of entry. It is believed that world population will get older and it will start to decrease at some point. + +So, what are the differences between both? +I have been listening to NPR Planet Money and Freakonomics for a while now. I like them both because they do a fairly good job of balancing technicality with entertainment. I recently began listening to EconTalk and like that it is more technical than the other two. + +What other economics podcasts are out there? +So I've just read a piece by Paul Krugman where he argues that the creation of the euro was rooted in "romanticism" and if the euro had not been created, the Spanish recession of 2007 would not have been so disasterous. My question is; what's the difference between a common currency in the US (the dollar) and a common currency in Europe (the euro)? Why is a common currency in Europe regarded so much worse than a common currency in the US? +I am from the Philippines and recently I stumbled across an article stating that our country currently has 0.8% inflation. Would it be wrong to assume that this is alarming considering that the target inflation our central bank set was 2-4%? +I remember learning it in college but now I've forgotten the name and would like to read more about it. Basically, the idea is that if you have a service someone is willing to provide (let's say volunteering to clean up a local park) and you put a small monetary incentive with that task, that it actually demotivates people because it 'cheapens' the experience somehow. As in, before a monetary reward is attached to the task people are more likely to value it (due to whatever internal values they have for that task - some people just like clean parks and the idea of helping the community for example) and do it but adding the small monetary reward devalues the act and demotivates people from doing it. Thanks for any help! +I've noticed that whether looking within a country or between countries, the warmest regions are usually the poorest. Some examples: + +A) The Deep South in the US + +B) The Deep North in Australia + +C) The Mediterranean countries in the EU + +D) Equatorial Africa is poorer than North Africa and South Africa + +E) Central America vs. Mexico + +F) Brazil is poorer than "Southern cone" countries such as Chile, Argentina, and Uruguay + +This pattern isn't true everywhere (for example, North vs. South Korea), but it seems to be true for most of the world. Is there an economic reason for this, maybe related to natural resources and/or agriculture, or is it just a coincidence? + +**TLDR: Amazon and friends like DE Shaw, Bain, BCG, and Citadel are rerunning their strategy they used to bankrupt and consolidate Blockbuster into Amazon/AWS with Netflix in real time.** + +Its the classic case of big bank take little bank. Company A is slightly larger than Company B, Company A uses every trick in the book to hinder Company B and acquire them. Now Company A is **twice as large** and can move up the food chain taking on bigger fish to consolidate and centralize. + +&#x200B; + +**Small Fish: BlockBuster** + +**Bigger Fish: Netflix** + +**End Game: Taking both of them sequentially to try to host all streaming content onto Amazon, on boarding masses onto Amazon Prime because they view us as having no choice but to follow our brand loyalty to the ends of the world. (LOL).** + +&#x200B; + +https://preview.redd.it/11ca5xy7qiv81.png?width=676&format=png&auto=webp&s=da11c75e9a7e3f384b86e67646e34f9618b851b6 + +This would create massive users in Amazon Prime, at least thats what they think on paper. + +They see us as a data point, essentially that is all AWS is.. a massive data driven computing company. + +They expect us to be loyal to our shows and our brands and to follow them wherever they go. + +They see us using shows as an extension of our personality, the part of our personality we wish to show others. + +What we like to eat, what we like to watch, what we like to listen to.. is all an extension of us.. and they think us wanting to show others our "personality" so so much would force us to use Amazon to stay hip and keep up this materialistic facade. + +https://preview.redd.it/zm9pn3tiriv81.png?width=484&format=png&auto=webp&s=73b3b3cf8f5e4e759b4788499112cd428bc125a1 + +&#x200B; + +**Part I: The Players and the Game:** + +For background I will use an awesome DD from a while ago from an OG wrinkle, I'm trying to set the stage before getting into the mechanics, so please bear with me it is worth the read. + +"Amazon has been using Ken Griffin to naked short infiltrated companies in order for Amazon to steal market share from current and future competitors. [It's possible that Bain Capital got involved in this scheme through Toys R Us](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/). + +There it is. The most literal and succinct version. + +Crazy theory, right? Let's examine some facts: + +1. Amazon announced in a [press release on **February 2nd, 2021**](https://ir.aboutamazon.com/news-release/news-release-details/2021/Amazon.com-Announces-Fourth-Quarter-Results/) that Jeff Bezos would retire to executive chairman of Amazon's board [to much surprise.](https://www.wmagazine.com/story/jeff-bezos-amazon-ceo-retirement) *(that date stand out?)* +2. [Ken's a fan](https://www.cnbc.com/2019/03/14/ken-griffin-says-hes-less-likely-to-move-citadel-to-nyc-after-amazons-heartbreaking-exit.html) & [frequent investor](https://cheaperthanguru.com/portfolio/ken-griffin/AMZN/transactions) in Amazon +3. DE Shaw, a quant hedge fund where [Jeff Bezos became the youngest vice president](https://www.biography.com/business-figure/jeff-bezos), says about Citadel "[We cross paths with them all the time. They are huge.](https://www.institutionalinvestor.com/article/b15134ls4fblx7/boy-wonder)" as far back as 2001 - way before its widespread success + +What would we see if Citadel has followed this playbook? We would see OTC stocks of dead companies squeeze at the same time an idiosyncratic risk would emerge in a basket of algorithmically shorted securities. + +Would you look at that? Sears and Blockbuster, both bankrupt companies listed on OTC markets and former Amazon competitors, [squeezed at the same time as GME in January 2021](https://www.reddit.com/r/Superstonk/comments/pg8fp1/portfolio_swaps_blockbustersears_sneeze_in/?utm_source=share&utm_medium=web2x&context=3). + +How is Amazon connected to Blockbuster, you might ask? I had the same question. + +Surprisingly *(but not really)*, I forgot about Amazon's biggest business. **Amazon Web Services.** + +I bet you can guess who was providing web hosting for Netflix around 2010, when Blockbuster went under? + +[Yep. Amazon](https://2pml.com/2020/02/10/netflix/). + +Think about that. That's from *2010*. Citadel Securities (the market maker) was founded in 2001. *When did they start doing this?* + +There's *a lot* more to dig into about this. A comment thread on Criand's latest post describes some [*interesting terms* of Credit Suisse's CMBS programs.](https://www.reddit.com/r/Superstonk/comments/pfkg12/interesting_how_each_run_started_exactly_15/hb52u0g?utm_source=share&utm_medium=web2x&context=3) + +If that's related to CMBS troubles here in the states, Simon Property Group is no doubt involved which [Amazon has been working with to buy up old malls last year](https://www.nbcnews.com/business/business-news/amazon-snapping-disused-shopping-malls-turning-them-fulfillment-centers-n1262914)\- though it's been buying up mall property since 2016. + +The implications of something like this are **extreme."** + +Props u/AvidTreesFan you were ahead of your time. + +&#x200B; + +[How did Amazon, Citadel, Bain, and Consultants bankrupt Blockbuster?](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the) + +**Simply put:** + +Amazon (The Leader) + +Citadel (The Dealer) + +Bain Capital (The Butcher) + +Washington Post and Motley Fool (The Liars) + +Credit to u/jumpster81 you had an amazing write up and it must've been a hell of a rabbit hole. + +&#x200B; + +[Also not only did they stop with Blockbuster but they moved onto acquire Movie Gallery a few years later.](https://www.jonesday.com/en/insights/2008/02/the-year-in-bankruptcy-2007) + +Iterations upon iterations of big bank taking little bank. + +So we've established a lot of players here, but i bet you didn't know that **BCG** was instrumental in Ken Griffin's origin story of becoming a full blown financial terrorist. + +https://preview.redd.it/5a173vrwmiv81.png?width=586&format=png&auto=webp&s=04225ffd2077736b19b178a8d8947bdc6a3e8a9d + +Looks like external factors influencing stock image also peaked his interest in the start of his investment career. Now imagine if you controlled the board via ownership, controlled the company operations via bad actor consultants, and controlled the media outlet of projection via being just an all around cuck and throwing money.. recipe for a self-fulfilling prophecy of short to bankrupt, where he profits, his long AMZN profits, his risk is lowered from centralizing assets, and his long Amazon positions profit from acquisition of all assets slapping "Amazon Essentials" on them and calling it a day. + +https://preview.redd.it/8jdmf1uymiv81.png?width=593&format=png&auto=webp&s=b07e19388a336d8ecb27862afd80edb67a0ed92b + +Also convertible bonds are notoriously taken advantage of for short sellers. + +https://preview.redd.it/d9jrakl0niv81.png?width=618&format=png&auto=webp&s=62bbd644ac30c5af338a128975392bbcc6189449 + +The majority of these companies that get infested from the inside issue convertible bonds which is another arm for bankruptcy. The only one that comes to mind that escaped this convertible bond death spiral is Macy's. Some fucking how they had enough grassroots movement to escape the event horizon. Props. + +&#x200B; + +&#x200B; + +&#x200B; + +**Part II: Netflix is Blockbuster 2.0** + +[Not only is BCG involved in Netflix's Content & Strategy Analysis but they have also been involved in Netflix's portfolio management of diverse businesses and multiple products.](https://embapro.com/frontpage/bcgcoanalysis/7718-netflix) + +**BCG:** + +&#x200B; + +https://preview.redd.it/e6dankg2niv81.png?width=170&format=png&auto=webp&s=909854125a9b5d524c885fbcf4ac732ca064577c + +**Bain Capital:** + +https://preview.redd.it/m4t410u3niv81.png?width=674&format=png&auto=webp&s=9ba078b3224914ed53e8ab2948203c3f0987212f + +Lets see the experience huh? + +https://preview.redd.it/e9o7wcw5niv81.png?width=420&format=png&auto=webp&s=767498d85cedf47e2e95255d4bb23be12507f659 + +Interesting, both of these people are in charge of content strategy.. and both have affiliations with BCG and Bain. **THE SAME COMPANIES THAT BANKRUPT BLOCKBUSTER.** + +This is just speculation so please do not harass these people until we dig deeper, if we are right we have bigger fish to fry than the pawn. + +Netflix is Amazon's biggest competitor for streaming, [Netflix also uses AWS for their computational data management.](https://aws.amazon.com/solutions/case-studies/netflix-case-study) + +Amazon knows everything about Netflix, everything. They have weaponized their data branch to help their efforts. Their data branch gets paid regardless from Netflix, but they want USERS. They need users because their marketplace is not built for scalability and will not survive in a web3 atmosphere and they know it. + +**How did they get their foot in the door to be able to control Netflix you may ask?** + +**Bankroll baby!** + +[Ken Griffin is one of the largest individual investors of Netflix owns almost 1.6B](https://cheaperthanguru.com/portfolio/ken-griffin/nflx/transactions) + +Take massive stake + +Infiltrate Company + +Use Consultants to drive down profits + +Short sell the fuck out of it off the books + +&#x200B; + +A few things Amazon has done internally that is seriously hurting their business model: + +1. They issues seasons at a time while their competitors issue an episode a week. Less eyes less hype, a flash in the pot while shows on HBO and Paramount have lasting effects. +2. [Netflix continuously uses insane amounts of capital into Netflix essentials that do not stand a chance of generating profits.](https://www.hollywoodreporter.com/tv/tv-news/netflix-invest-173-billion-content-2020-analyst-estimates-1270435) +3. [Netflix is even stopping users from sharing passwords and will track your data to make sure you aren't abusing it.](https://www.cnbc.com/2022/04/23/how-netflixs-password-sharing-crackdown-is-likely-to-work.html) +4. [Netflix is even going to start issuing commercials. Not only are your overpaying for shitty content, having your data tracked, but now you're even subject to having to sit through commercials even though you are paying a subscription.](https://popculture.com/streaming/news/netflix-officially-adding-commercials) +5. Even in the not so distant past, BCG recommended Netflix's "cash cow" was renting DVDs in 2013!!! Pulled from BCG Growth Matrix in 2013, when online streaming was the norm and no one even used DVDs: + +https://preview.redd.it/oj9rywy9niv81.png?width=204&format=png&auto=webp&s=70bdc348dc9b8b0ffcc5232242e110e823fbd547 + +https://preview.redd.it/x01tj1ubniv81.png?width=682&format=png&auto=webp&s=4cc9db30569b3e4ed8e24803ff4f43f103c45037 + +Netflix is Blockbuster 2.0 change my mind. +My understanding is that the older you are when you first take out life insurance, the higher the premiums will be. I gather the increase can be quite steep as you approach 30. And, of course, the later you leave it, the more likely it is that you'll develop a medical condition which will bump up the cost further. + +If you are in your early to mid twenties and currently have no dependents, is it worth getting life insurance now (on the assumption that you will one day find a partner and might have children one day)? + +Also, I've heard that some mortgage providers push those applying towards getting life insurance. Do you ever get preferential mortgage rates if you have such insurance? +My wife and I are in the process of doing a cash-out refi on our primary residence in Utah. We owe about $129k and the house is valued around $290k. At 70% LTV I can borrow $73,500 at 3.125%, 30-year fixed interest rate. We can potentially borrow up to 85% LTV, around $117,500 although it may increase the rate by 0.5%. + +Our plan is to borrow $73,500, put 20% down on another single family residence that would cost around $250-275k (in Charlotte, NC), put the additional funds into savings, and rent our current residence for $1,500/month. Our current escrowed mortgage would increase from $895 to $1,056 per month. The monthly amount that would go toward paying the escrowed mortgage on our current residence is $740. We would charge $1,400-1,500 for monthly rent on our current residence. No repairs or updates are needed at the moment, as we initially intended to sell the home, and put about $60k and hundreds of hours of sweat equity in the home over the past 5 years. + +After reading this sub, and reading the Cash Flow Quadrant, I’ve started to think that perhaps I should pull out as much cash from this home as possible ($117,500), purchase an investment property (duplex?) using cash, find tenants to occupy the property, wait a few months and seek delayed mortgage financing. After obtaining financing, I would purchase another primary residence, then rent out this home. This method would allow me to purchase an extra property using the equity I already have in my home. + +I’ve also heard about going the lease-purchase route, or doing something similar where I could only put 10% down and purchase several additional investment properties. What advice would you give me, based on the information I provided? I’m happy to explain my situation in more detail. +They have a 6-person team, why the fuck do they need $50m? + +$50m is enough for hiring **100** top-paid professionals, for **5 years**. Given that ETH value is expected to rise, as well as the value of their own token (assuming they do a decent job), of which they keep plenty, that's even an underestimate. + +**Stop dumping your ETH.** +I guess not strictly a personal finance question, really a "how do I get rid of a bad habit" question. But food delivery is a big drain on my and probably many other people's finances. And I have a feeling that there would be people here who have managed to deal with this problem. + +I spend far too much on food delivery. YNAB shows I had 18 transactions under "Food delivery" last month. There have been worse months. Also most of the food I order is delicious-but-terrible-for-you fast food, so it's messing up my health too. + +It seems the combination of convenience of delivery and the tastebud overstimulation of fast food is a potent one. Usually the ordering happens in the evening after work. Double the likelihood if I worked late and stressed out, and the discipline center in my brain is entirely shut off for the day. This only happens maybe once a week, but somehow it "breaks the streak" and makes it easier to repeat the bad habit tomorrow, messing up more than one day. + +I've tried the following with no success: + +* Delete the food delivery apps + * I seem to have no issues reinstalling them +* Set a budget and stick to it + * Budget gets blown halway through the month, and YNAB makes it easy to move money from different categories. It felt bad the first time, but now it's "whatever". + * In the grand scheme of things, I'm fairly well off financially. Even though I spend an uncomfortable amount on delivery, I can still save more money than the average person. So there is no threat of \*actually\* running out of money - the budget is entirely self imposed, and it no longer seems to fool my brain. +* Learn to cook + * I already can cook. I can cook good things. I even like cooking. But that takes time, and it takes doing dishes, and I don't like doing dishes. I'm single so I do have to do all the parts. + * I also can't be doing other things while the food is being prepared. I tend to log off work around 18 and aim to be asleep by 22. In reality that's usually more like get stuck chatting to someone and then log off at 18:30, and start sleep preparation things at 21:30. I have to treasure my 3 hours :P. +* Order healthy food, so at least it's only my finances that get messed up + * Haven't been able to hold this up. + +Has anyone had similar issues with spending too much on food delivery, and then managed to deal with it? Any advice is appreciated! +Of course, last week's 10% rise was preceded by two weeks where I was down 10.8%, and I'm still another 3% worth of gains to get back to even. Still, I'm in decent shape. Despite the active changes in account value, as a trader I did relatively little this week. What I did, was stupid, and I'll talk about that mistake. I'll also review the trades I didn't make, as well as review how the decision to roll out of WMT and into CRSR is doing. I've got a few tickers and ideas for the coming week, so I'll dive into that too. + +# Idiot, I Mean, Seriously? + +ATNF opened this week at $4.1. If you've been following along, you may remember I got into 1000 shares here in late Feb at $4.5. ATNF had fallen from the upper 6's, good inflammation drug research, strong leadership, good long term hold. Despite the intention to hold long, I like to make my money work, and a 2% return in two weeks was available in the form of a 3/19 $7.5 CC. Now I like the stock, but I couldn't believe $7.5 was even offering (should have been a clue). I got 'lucky' and was able to pocket the $100 premium. + +What I didn't realize was that ATNF short interest had gone up 5x and it was about to squeeze. It started showing up on a variety of heavily shorted lists, there weren't many shares left to short, and then it started rising: +5% Mon, +12% Tue, +14% Wed, +11% Thur, and +5% Friday. All told, a 58% rise in 5 days, carrying it all the way up to 6.38 by Friday's close. I thought about spending $50 and buying the option back, decided to wait, then it was $200, then $400, then I stopped looking. At the end of the day, I like this stock, but nothing has fundamentally changed here to drive it up 60%. I'm happy holding, and if next week is just as silly (which looks possible given the lack of shares to borrow and heavy cost being incurred each day to short at the moment), then I'll walk away with a $3100 gain and will buy back in after the mob moves on. While I get what I was thinking when I sold it, I really wish I was sitting uncapped. + +In one of my less idiotic moments, last week I had entered another biotech play in SURF. A great research company, they've got multiple drugs in their pipeline, contracts with pharmaceutical companies, and very smart people running the show. Oh, and there's been about 715,000 shares bought recently by insiders (hat tip to the FANTASTIC [HypeEquity site](https://app.hypeequity.com/discover) which makes it so easy to find this data). Well, they destroyed earnings (quite literally) on 3/9 and flew up 20%+ this week. Only wish I'd bought more. + +# What I did and didn't do + +**UWMC** \- I was considering entering UWMC last weekend. Then their CEO decided to pick a fight. I was considering entering because they really are in a good position to succeed, but as I heard they were asking brokers to pick them exclusively or take their business elsewhere, I quickly nixed that idea. It may actually be the right move for their business long term, and they're self reporting that several big players have signed on, but it's not going to do the stock any favors in the short term. I'll keep an eye on it, was down 4.38% on the week. + +**PLTR** \- I came close a couple times to entering PLTR, but just couldn't hit an entry. I was looking to sell a CSP with a BEP under $20 and over $1000 of premium for a position around 10-12k in size. It hit $22.4 as a low on Monday, but never quite got down to where I wanted. A quick look at the chart: + +[PLTR](https://preview.redd.it/xdcm5dpz2sm61.png?width=1559&format=png&auto=webp&s=7cfc21e5154bb4f8aa7ebd8304788c14e2f95599) + +I see PLTR having been generally in an upward trend (blue channel), a breakout then turned into a downtrend which has persisted since late January. That downtrend (especially post earnings) broke a bunch of supports, but could be nearing a reversal. Still, it's not a great chart, and those supports it broke will prove heavy resistance. There's just no need to rush in here. At issue for PLTR is their growth, they guided 30% year over year as they rise to $4b in revenue. That's great, but an appropriate PE would see at least 25% come off the stock based on comparable growth companies. + I think there's a chance they're just conservative, and believe this will see $30 again this year, and I like the company, the market, the tech, just not enough at this price. + +[RMO](https://preview.redd.it/042wzbkn3sm61.png?width=1549&format=png&auto=webp&s=2e6799ff8f76669e55f6184912e6b5c4ef443873) + +**RMO -** Another worth looking at is RMO. Rebounded big, up 42% this week. That's great, but my BEP here is at $15.39, so there's work left to do. I'm not overly thrilled with the negative RSI divergence, and I'd like to see it rise above $14 on Monday. I had rolled this out to a 4/16 position, so I have time. I have less time on two other automotive related plays: + +* **LAZR** \- I never rolled this, mainly because I liked it's chances at a quick rebound given Apple sniffing around cars. Up nearly 20% this week, my 3/19 $30p is almost back to even, and given my BEP on the option is at $26.5 (about a point below the current price), I'm pretty happy. I'll take assignment here if it doesn't rise to $30 next week. +* **SOLO** \- Similar to LAZR, but I've soured a pinch on the company while holding the position. Rises and falls with TSLA, up 15% this week, my option's still over $500 in the red, but it was much worse, and I'm within reach of my BEP. I suppose I'd consider assignment here too, this won't hit my $7.5 strike, but if it gets green enough, I'll likely just close it. + +# How's Exiting WMT Going? + +Last week, I exited WMT booking a loss of -$1510.41. I noted last week that I expected WMT to rise into the low $130's from it's $129.33 close and it finished last week at $134.12. On 100 shares, that would have been good for $479 in recovery. I took the money from the position and sold 4x CSP 3/19 $35p. CRSR rose from $31.79 to $34.08, so as of now holding a $964 profit with another $816 of premium remaining. So long as CRSR stays above $31, I'll be happy here, but here's the probability of this finishing OTM: + +[Currently 59&#37; odds ITM, 41&#37; OTM](https://preview.redd.it/tg89mp566sm61.png?width=1555&format=png&auto=webp&s=b4bd85c7bbcd44704d855f4f2418d2aa2126faa4) + +So all in all, so far this play has worked out, but next week could swing either way. You may wonder, why not just close the position and book the over 50% profit on the option in a single week? Mainly because the play is also a hedge against the 31% chance the stock see's a moderate pull back next week. First, the chart, then I'll explain: + +[CRSR](https://preview.redd.it/5nzr3p7x6sm61.png?width=1559&format=png&auto=webp&s=2add7d6d086468f6a21d32db21b33f8214fd60be) + +CRSR broke wedge in a run up to earnings, there's a slight double top pattern that came after earnings kicked us into the second downward wedge. That potential double top did crash through the neckline until it hit a longer term weak support line (blue). It's now going to make a run at another breakout, though I'm not abundantly confident. + +That brings me back to the hedge. I like CRSR at this price point, I have 400 shares at a $39.99 BEP. If CRSR hovers and closes in the $30 to $35 range, this CSP will get assigned, and I'll then own 800 shares. The benefit there for me is it will also lower my cost basis to $35.27. As I look at the April strikes, that gives me a lot more piece of mind as I choose where to stake my CC. Right now the 4/16 $40p offers $1000 for 8 contracts, $35p offers $2216. I like the flexibility. I'll actually be considering a much smaller premium and the $45 level as well. April's a long way away, and this underlying could run, I'd like to hold this towards their next earnings in May, so I really just want to pocket whatever premium I can from the April strike. + +# What Am I Looking At + +**GOCO** \- As I head into next week, I've started taking a hard look at GOCO. I opted not to enter this week, despite it falling 30% in the past month, primarily because I'm not sure it doesn't have further to go. Their recent earnings guided 31-48% revenue growth up to 1.3 billion, but profit still needs some work. Still, with a market roughly 3.2b market cap, a company guiding to 1.3 billion in revenue and over 30% growth with a large and untapped addressable market. With the right entry, I'm interested. + +**SLV** \- I think I'm getting interested in jumping off the SLV train. As I look at the coming weeks, I'd like to increase my cash position, potentially up to the 40-50% range (currently only 8%). Some of the key targets to liquidate are MSFT, SLV, and SOLO. With SLV specifically, here's what I'm looking at: + +[SLV](https://preview.redd.it/f0jgg85ibsm61.png?width=2321&format=png&auto=webp&s=8ca357cf6cbb808f8b6943a10c9b45912fb94470) + +I think we're due for another upward run, and given I am interested in exiting and my current cost basis is $25.35, I rolled my CC option to 3/26 $25.5 for $128 in premium. Currently a 23% chance of landing ITM, but I think there are far better odds and that it could offer $26 by early April. As I've wheeled SLV, here's the calls I've profited from along the way (you'll see it's been roughly offsetting the declines in the underlying): + +[If my call strikes, I'll exit with around $1000 in profit for my troubles.](https://preview.redd.it/795cqavgcsm61.png?width=1577&format=png&auto=webp&s=b5d14effee5eb04927ec276c9d5dda66292c79e1) + +# Positions + +https://preview.redd.it/xj6h2ekrcsm61.png?width=1584&format=png&auto=webp&s=fb442cf27a0a0b5148acf4a4debc72b49f5c1272 + +https://preview.redd.it/385nslnvcsm61.png?width=1582&format=png&auto=webp&s=0b0a205ad8ea6a65d1f401cf3005075a657c366e + +https://preview.redd.it/35kvwu0zcsm61.png?width=1586&format=png&auto=webp&s=856e2a578d7007acec88be9150fc48e1ea8c8ed8 + +# Goal + +Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $158,805. + +[3/7](https://www.reddit.com/r/thetagang/comments/lz19r9/playing_for_profit_week_of_37_time_to_book_a_loss/) | [2/28](https://www.reddit.com/r/thetagang/comments/ltsmfp/playing_for_profit_week_of_228_when_in_doubt_wear/) | [2/21](https://www.reddit.com/r/thetagang/comments/lo6mjd/playing_for_profit_week_of_221/)| [2/14](https://www.reddit.com/r/thetagang/comments/lizh45/playing_for_profit_week_of_214/) | [2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3) +For all you dinguses out there that really like to gamble, you can do a buy/write on CCIV for big-time gains if you believe it's going to pop with announcement that they are acquiring or merging with Lucid Motors: + +Buy 100 shares of CCIV at 34.60 + +Write 3/19 50.00 Call for 7.65 + +Net debit: 26.95. + +If your shared get assigned at expiration, you will **profit** (50.00 - 34.60 + 7.65) = **23.05.** That's an 85% gain in 40 days. + +These calls are astronomically juiced. +Of course, last week's 10% rise was preceded by two weeks where I was down 10.8%, and I'm still another 3% worth of gains to get back to even. Still, I'm in decent shape. Despite the active changes in account value, as a trader I did relatively little this week. What I did, was stupid, and I'll talk about that mistake. I'll also review the trades I didn't make, as well as review how the decision to roll out of WMT and into CRSR is doing. I've got a few tickers and ideas for the coming week, so I'll dive into that too. + +# Idiot, I Mean, Seriously? + +ATNF opened this week at $4.1. If you've been following along, you may remember I got into 1000 shares here in late Feb at $4.5. ATNF had fallen from the upper 6's, good inflammation drug research, strong leadership, good long term hold. Despite the intention to hold long, I like to make my money work, and a 2% return in two weeks was available in the form of a 3/19 $7.5 CC. Now I like the stock, but I couldn't believe $7.5 was even offering (should have been a clue). I got 'lucky' and was able to pocket the $100 premium. + +What I didn't realize was that ATNF short interest had gone up 5x and it was about to squeeze. It started showing up on a variety of heavily shorted lists, there weren't many shares left to short, and then it started rising: +5% Mon, +12% Tue, +14% Wed, +11% Thur, and +5% Friday. All told, a 58% rise in 5 days, carrying it all the way up to 6.38 by Friday's close. I thought about spending $50 and buying the option back, decided to wait, then it was $200, then $400, then I stopped looking. At the end of the day, I like this stock, but nothing has fundamentally changed here to drive it up 60%. I'm happy holding, and if next week is just as silly (which looks possible given the lack of shares to borrow and heavy cost being incurred each day to short at the moment), then I'll walk away with a $3100 gain and will buy back in after the mob moves on. While I get what I was thinking when I sold it, I really wish I was sitting uncapped. + +In one of my less idiotic moments, last week I had entered another biotech play in SURF. A great research company, they've got multiple drugs in their pipeline, contracts with pharmaceutical companies, and very smart people running the show. Oh, and there's been about 715,000 shares bought recently by insiders (hat tip to the FANTASTIC [HypeEquity site](https://app.hypeequity.com/discover) which makes it so easy to find this data). Well, they destroyed earnings (quite literally) on 3/9 and flew up 20%+ this week. Only wish I'd bought more. + +# What I did and didn't do + +**UWMC** \- I was considering entering UWMC last weekend. Then their CEO decided to pick a fight. I was considering entering because they really are in a good position to succeed, but as I heard they were asking brokers to pick them exclusively or take their business elsewhere, I quickly nixed that idea. It may actually be the right move for their business long term, and they're self reporting that several big players have signed on, but it's not going to do the stock any favors in the short term. I'll keep an eye on it, was down 4.38% on the week. + +**PLTR** \- I came close a couple times to entering PLTR, but just couldn't hit an entry. I was looking to sell a CSP with a BEP under $20 and over $1000 of premium for a position around 10-12k in size. It hit $22.4 as a low on Monday, but never quite got down to where I wanted. A quick look at the chart: + +[PLTR](https://preview.redd.it/xdcm5dpz2sm61.png?width=1559&format=png&auto=webp&s=7cfc21e5154bb4f8aa7ebd8304788c14e2f95599) + +I see PLTR having been generally in an upward trend (blue channel), a breakout then turned into a downtrend which has persisted since late January. That downtrend (especially post earnings) broke a bunch of supports, but could be nearing a reversal. Still, it's not a great chart, and those supports it broke will prove heavy resistance. There's just no need to rush in here. At issue for PLTR is their growth, they guided 30% year over year as they rise to $4b in revenue. That's great, but an appropriate PE would see at least 25% come off the stock based on comparable growth companies. + I think there's a chance they're just conservative, and believe this will see $30 again this year, and I like the company, the market, the tech, just not enough at this price. + +[RMO](https://preview.redd.it/042wzbkn3sm61.png?width=1549&format=png&auto=webp&s=2e6799ff8f76669e55f6184912e6b5c4ef443873) + +**RMO -** Another worth looking at is RMO. Rebounded big, up 42% this week. That's great, but my BEP here is at $15.39, so there's work left to do. I'm not overly thrilled with the negative RSI divergence, and I'd like to see it rise above $14 on Monday. I had rolled this out to a 4/16 position, so I have time. I have less time on two other automotive related plays: + +* **LAZR** \- I never rolled this, mainly because I liked it's chances at a quick rebound given Apple sniffing around cars. Up nearly 20% this week, my 3/19 $30p is almost back to even, and given my BEP on the option is at $26.5 (about a point below the current price), I'm pretty happy. I'll take assignment here if it doesn't rise to $30 next week. +* **SOLO** \- Similar to LAZR, but I've soured a pinch on the company while holding the position. Rises and falls with TSLA, up 15% this week, my option's still over $500 in the red, but it was much worse, and I'm within reach of my BEP. I suppose I'd consider assignment here too, this won't hit my $7.5 strike, but if it gets green enough, I'll likely just close it. + +# How's Exiting WMT Going? + +Last week, I exited WMT booking a loss of -$1510.41. I noted last week that I expected WMT to rise into the low $130's from it's $129.33 close and it finished last week at $134.12. On 100 shares, that would have been good for $479 in recovery. I took the money from the position and sold 4x CSP 3/19 $35p. CRSR rose from $31.79 to $34.08, so as of now holding a $964 profit with another $816 of premium remaining. So long as CRSR stays above $31, I'll be happy here, but here's the probability of this finishing OTM: + +[Currently 59&#37; odds ITM, 41&#37; OTM](https://preview.redd.it/tg89mp566sm61.png?width=1555&format=png&auto=webp&s=b4bd85c7bbcd44704d855f4f2418d2aa2126faa4) + +So all in all, so far this play has worked out, but next week could swing either way. You may wonder, why not just close the position and book the over 50% profit on the option in a single week? Mainly because the play is also a hedge against the 31% chance the stock see's a moderate pull back next week. First, the chart, then I'll explain: + +[CRSR](https://preview.redd.it/5nzr3p7x6sm61.png?width=1559&format=png&auto=webp&s=2add7d6d086468f6a21d32db21b33f8214fd60be) + +CRSR broke wedge in a run up to earnings, there's a slight double top pattern that came after earnings kicked us into the second downward wedge. That potential double top did crash through the neckline until it hit a longer term weak support line (blue). It's now going to make a run at another breakout, though I'm not abundantly confident. + +That brings me back to the hedge. I like CRSR at this price point, I have 400 shares at a $39.99 BEP. If CRSR hovers and closes in the $30 to $35 range, this CSP will get assigned, and I'll then own 800 shares. The benefit there for me is it will also lower my cost basis to $35.27. As I look at the April strikes, that gives me a lot more piece of mind as I choose where to stake my CC. Right now the 4/16 $40p offers $1000 for 8 contracts, $35p offers $2216. I like the flexibility. I'll actually be considering a much smaller premium and the $45 level as well. April's a long way away, and this underlying could run, I'd like to hold this towards their next earnings in May, so I really just want to pocket whatever premium I can from the April strike. + +# What Am I Looking At + +**GOCO** \- As I head into next week, I've started taking a hard look at GOCO. I opted not to enter this week, despite it falling 30% in the past month, primarily because I'm not sure it doesn't have further to go. Their recent earnings guided 31-48% revenue growth up to 1.3 billion, but profit still needs some work. Still, with a market roughly 3.2b market cap, a company guiding to 1.3 billion in revenue and over 30% growth with a large and untapped addressable market. With the right entry, I'm interested. + +**SLV** \- I think I'm getting interested in jumping off the SLV train. As I look at the coming weeks, I'd like to increase my cash position, potentially up to the 40-50% range (currently only 8%). Some of the key targets to liquidate are MSFT, SLV, and SOLO. With SLV specifically, here's what I'm looking at: + +[SLV](https://preview.redd.it/f0jgg85ibsm61.png?width=2321&format=png&auto=webp&s=8ca357cf6cbb808f8b6943a10c9b45912fb94470) + +I think we're due for another upward run, and given I am interested in exiting and my current cost basis is $25.35, I rolled my CC option to 3/26 $25.5 for $128 in premium. Currently a 23% chance of landing ITM, but I think there are far better odds and that it could offer $26 by early April. As I've wheeled SLV, here's the calls I've profited from along the way (you'll see it's been roughly offsetting the declines in the underlying): + +[If my call strikes, I'll exit with around $1000 in profit for my troubles.](https://preview.redd.it/795cqavgcsm61.png?width=1577&format=png&auto=webp&s=b5d14effee5eb04927ec276c9d5dda66292c79e1) + +# Positions + +https://preview.redd.it/xj6h2ekrcsm61.png?width=1584&format=png&auto=webp&s=fb442cf27a0a0b5148acf4a4debc72b49f5c1272 + +https://preview.redd.it/385nslnvcsm61.png?width=1582&format=png&auto=webp&s=0b0a205ad8ea6a65d1f401cf3005075a657c366e + +https://preview.redd.it/35kvwu0zcsm61.png?width=1586&format=png&auto=webp&s=856e2a578d7007acec88be9150fc48e1ea8c8ed8 + +# Goal + +Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $158,805. + +[3/7](https://www.reddit.com/r/thetagang/comments/lz19r9/playing_for_profit_week_of_37_time_to_book_a_loss/) | [2/28](https://www.reddit.com/r/thetagang/comments/ltsmfp/playing_for_profit_week_of_228_when_in_doubt_wear/) | [2/21](https://www.reddit.com/r/thetagang/comments/lo6mjd/playing_for_profit_week_of_221/)| [2/14](https://www.reddit.com/r/thetagang/comments/lizh45/playing_for_profit_week_of_214/) | [2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3) +I used to be a major fan of Amazon, in good part because I thought it was always cheaper than alternative sources of goods. That became a lazy habit of mine, and I even thought that Subscribe and Save *must* ensure I'm getting the lowest price on each good. + +But, that's very often not the case. Before I go into when it's not the case, I will state: it occasionally saves me money on certain items but this is a minority of cases. + +So, when have I found Amazon not to be the cheapest? + +Conditioner + +Razors + +Soap + +Toothpaste + +Bicycle maintenance items (e.g. cleaning/lube products) + ++more + +I've found that if I were to bulk buy these items on Amazon, even using Subscribe and Save, I'd be spending almost 20% more buying the exact same product through Amazon compared to shopping for them at Asda. This is before potential delivery charges, or accounting for delivery costs through Amazon Prime. + +There have been items that are cheaper on Amazon, but it's usually not the case. + +For anyone looking to spend wisely, don't rely on one retailer, especially Amazon. You don't have to shop through a dozen retailers for each item, but I always cross reference prices across Asda, Amazon, and eBay to see which items I should buy where. +Day 4 of the Vector Ether Giveaway (we’re switching it up a little today). + +It’s very hard to promote an ICO these days. A few months ago all you had to do was throw a couple announcements on bitcoin talk, have a simple website, and a good idea. Unfortunately, because of all the rip offs and scam ICO’s occurring recently, every ICO now is called a scam and easily dismissed. This is frustrating, especially when you have a working product and a great team who’s ready to create something for the crypto community. + +So, we came up with this idea. Reward the community for simply taking a look at our project, they can call it a scam if they want, but its just too important to go unnoticed. + +Our ICO begins on December 8th. So, everyday for the next (4) days we will be posting this thread to raise some awareness for Vector. And everyday at 10 PM EST we will pick one quality comment on this thread and award the winner one Ether. + +So what is Vector, and what are the rules to win an Ether? + +Vector is a new cryptocurrency exchange focusing on ease of use (so easy your grandma could use it), accessibility (a killer mobile application), and 24/7 phone customer support (in-house customer support). We believe these three insanely important aspects of any successful business are seriously lacking in the crypto world, and the only way for massive crypto adoption to become viable, exchanges will have to address these issues. The VCTR token is used to vote for which coins will be added to the exchange, as well as other features like charting, chatbox support, etc… The VCTR tokens have a built in POS feature, the longer you hold the token, the more votes you accumulate to use on our platform. + +To participate in this daily giveaway: + +⁃ upvote this post for visibility + +⁃ comment one time when you felt your crypto exchange could be doing better + + +You don’t have to invest in Vector, we just want you to give us a chance. + +Thank you for reading through this post and hearing our elevator pitch. We can’t wait to giveaway our (4th) Ether! + + +[Twitter](https://twitter.com/VectorExchange) + +[Facebook](https://www.facebook.com/Vector-Exchange-505212856510679/) + +[Vector Whitelist Now Open (website)](https://vectorexchange.io) + +[English Whitepaper ](https://vectorexchange.io/wp-content/uploads/2017/08/wp-december-3.pdf) + +r/VectorCrypto + + +Congratulations to previous winners MC024, TheMilkyWayIsCool, and Real_Fake_something for winning 1 Ether! We can’t wait to see who wins today! + +Learned something yesterday about PMI that maybe other people don't know, so I wanted to pass it along and maybe save someone else some trouble. +My wife and I are very fortunate in that we were able to pay off the first 20% of our mortgage very ahead of schedule (5% down). So, I had assumed that once that 20% threshold was hit, PMI would be automatically eliminated from our escrow. Well I was wrong, at least when it comes to our lender (5th/3rd). I need to, in writing, request that our PMI be eliminated. I'm not sure what reasoning the bank could have to deny that request, but if I hadn't called and asked, I'm guessing I'd still be contributing money toward escrow that wouldn't be used; money that I could have otherwise used towards the principal or some other interest-bearing debt. +This was news to me, so I just wanted to share in case their are other first-time home-buyers in the same situation that can get ahead of the ball. +Have a good day! +First of all, I want to start by saying that some hedge funds are shady fucks. There are a lot of things they did that were shady. Here are a few examples: + +[https://www.investopedia.com/articles/investing/101515/3-biggest-hedge-fund-scandals.asp](https://www.investopedia.com/articles/investing/101515/3-biggest-hedge-fund-scandals.asp) + +Now I want to address some of the misconceptions that new traders have about the markets. + +1. **I was not allowed to buy shares on RH, did they wanted to drive the price down!?** + +DTCC, the clearinghouse for WeBull, RH and other brokerages, recently raised the collateral requirements for GameStop transactions to nearly 100%. + +When RH takes a buy order it goes to it's clearinghouse to exchange it's clients money for shares. The shares are immediately and conveniently transferred to the client, but the funds aren’t transferred for 2 days. There's this gap between the broker and the clearinghouse for these unsettled trades that the clearinghouse will require some cash upfront (margin) for but otherwise accepts exposure for the rest. + +If the stock being bought is extremely volatile, expensive and has a huge amount of recent volume and therefore unsettled trades, the clearinghouse will eventually realize they are floating quite a lot more to the broker than they are comfortable with on the back of a very risky equity. GME fits all these characteristics. It's this point in the GME scenario where DTCC sets margin requirements to 100%. They tell their brokers, "Hey if you want to get GME stock from us, we will not accept your word that this trade will settle in two days. Instead we need the money upfront since we are already way too exposed to this one ticker from you." + +Now, if RH wants to continue filling buy orders for it's clients it needs to come up with ALL the money for each trade. RH does not have nearly enough cash on hand to handle this, hence the recent draw down from of RH's credit lines as they try to get enough liquidity to keep buying shares for their clients. Eventually the brokers just don't have enough cash, throw in the towel and stop accepting buy orders until they can settle more trades or the clearinghouses release the margin requirements for these stocks. + +The concept that RH would fuck over basically their entire user base on purpose to help a minority investor's minority investment in a hedge fund that already closed their fucking short position doesn't stand up to even the smallest amount of scrutiny. It's just a boring case of the market plumping going wild because it's not built to handle pumps of this scale. + +**2. But I was allowed to sell!** + +Of course you were. Selling is exiting an already created position. The liability that RH would get if you were not able to sell and the price went down would be insane. They can not stop you from selling an asset that you own. They can, however, block the purchasing of new assets through their platform. + +Updated Information: + +The DTC only requires collateral on the buying side of the trade. That is the side at risk because the buyer might have bought on margin or with funds that haven't fully settled in their brokerage account (like RH's instant deposit). There is no guarantee that the buyer actually has all the money to complete the trade until it clears 2 days later. +On the sell side, however, you're sending stock to the DTC which doesn't have the same sort of questionable backing. They can accept that stock with a high level of confidence and debit the broker's clearing firm whatever the stock was to have sold for. So selling is pretty easy for a broker because they can debit you and get a reliable debit from DTC which clears the immediate credit risk for the broker. +DTC is the one left holding the bag if the buyer fails to come through. [I'm not 100% sure about the next part, but I think it's right.] DTC will then keep the collateral payment as well as sell the orphaned stock at market price to recoup part of the loss and write off the rest (or they might make a profit if the stock rose in value during the clearing process). This is where another risk to DTC comes in - if the buyer defaults and the orphaned stock drops steeply in value during the settlement period (as $GME is very likely to do), then they have to rely on the collateral for most of their coverage. That's why they raised collateral for $GME. +Back to the original point, Robinhood didn't shut down selling because of liability risk - but because they simply didn't need to do that. DTC was only making buys difficult to complete. + + +**3. But Fidelity and ThinkorSwim allowed people to buy and sell.** + +Thinkorswim and Fidelity own their own clearing houses and have enough shares to satisfy the orders. Also, they do not need to pay collateral since they are a clearing house. + +**4. Okay, but what about the 120% short interest, Melvin will be closing their position soon, and a short squeeze will happen.** + +Melvin claims that they closed some of their positions. There was enough volume for them to do so. + +The short interest are just estimations. Short interest information gets released on 15th and 30th of each month. Next week we will be able to see the short positions. + +Hedge funds keep taking short positions and are much better prepared for now, because there is more money to be made on riding a stock down to 40 from 400, then from 5 to 1. + +The whole assumption for a short squeeze incoming is built around the assumption that there is still short interest of over 100%, however, there is not confirmed data, as it comes out on 2/9. + +Many hedge funds are also riding the wave up, and have long positions in GME. Blackrock, one of the biggest money managers already made insane profit, and will probably ride this on a way down. + +**5. But a short squeeze will happen!** + +It could, or it could not. The interest in not high to a point were they will go bankrupt or have to buy back the shares to cover. They can comfortably hold for 6-12 month as long as they don’t get margin called, which I don’t expect them too, tbh. The payoff makes sense, think about it this way. The interest is I think 30% yearly. Let’s say you short a billion dollars worth GME. You pay annual interest of 30-40%. Hedge funds definitely have enough money to pay that 300 million a year. Now, let’s say in a year a price goes down from 400 to 40. A fund will make essentially 900 million dollars minus the interest fee and etc. it is a no brainer for some bigger funds to take this position and enjoy their easy 40% profit. + +Considering many funds have insane amounts of collateral, they will not get margin called from this. + +**6. But if options expire in the money they have to sell their shares!** + +A lot of options expired ITM on Friday, so why did the price not go up? + +Well, how many retail investors that were holding their options actually had enough money to buy 100 shares at a strike price? Not too many. + +Additional information: + +Assigned/exercised options move stock between people/institutions. However, this movement does not affect the current stock price. (UNLESS someone sold uncovered calls). +The volume of calls or puts being assigned does not matter. +Example: stock ABC closes at $11 on expiration. Investor A owns a $10 call, and it is exercised. The seller of the call (investor B) already owns the shares (or owns another call at different strike). The following transaction occurs: Investor A gives B $1000, Investor B gives A 100 shares of stock ABC. +IIRC, no volume is reported for ABC, neither a buy nor a sell occurred, and ACB price does not change. +IF they were uncovered calls (not really allowed, its significantly more risk than naked shorts), then Investor B would need to by 100 shares of ABC at current price, prior to the call being exercised. + +**7. Okay, but Hedge funds are still bad and evil!** + +Sure, I agree. Some are. Some hedge funds get their funding from managing pensions and endowments funds. + +**8. But Citadel was manipulating the markets!** + +Citadel and Citadel securities are two separate LLCs. They are only allowed to open long positions, they can not short a stock. One is a market maker that processes option orders and has no say in the markets. In fact, the more volume there is, the more money they make on the spreads. Would jot be surprised if Citadel made a lot of money on market making in the past week. + +**9. But Hedge funds are insane investors with 50% annual return.** + +Not necessarily true, an average hedge fund has been underperforming for the past 20 years. You probably had better returns then them just by investing in index funds. Don't get me wrong, a lot of smart people work in the funds, but their main goal is to hedge, in other words, be safe from market movements in any direction. + +**TL;DR** + +Hedge funds are bad, but they are not retarded (except for Melvin, who overextends on a short at $5) + +But many of the rules that came in play were written decades ago, they were not taken from thin air. Battling against hedge funds is okay, but throwing different theories that will be easily disapproved once they file 13F will not take them down. Knowing how markets work, and being vigilant is how you make more money than hedge funds. +[The Kavango Basin](https://preview.redd.it/1vte7bt0p6r61.png?width=1142&format=png&auto=webp&s=8eddfa3aa0d53899505db27ed8be11659bca9e97) + +**The following words are a result of my in-depth research into ReconAfrica and their program over the past few months.** It has been compiled from publicly available sources (with references where possible), along with some personal opinions of mine. My interpretation and analysis were helped by the input of O&G professionals, including wireline and seismic engineers, drilling specialists and geologists, who are fellow ReconAfrica investors. + +That being said, I am not an O&G professional myself. Any opinions included here **are my own**, and do not constitute investment advice. Please use this as a starting platform to conduct your own research. I have included references where possible to make this easier for you. + +Credit for post format goes to u/thirtydelta. I used [this post](https://www.reddit.com/r/pennystocks/comments/lfargh/european_metals_erpnf_speculating_on_europes/) as an inspiration. Mine is not as clear but I hope it’s as useful. + +The numbers below were collected from Yahoo Finance on 04/04/2021: + +* **Company**: [Reconnaissance Energy Africa Ltd](https://reconafrica.com/) (Referred to as ReconAfrica) +* **Industry**: Oil & Gas Exploration +* **Location**:Namibia and Botswana +* **Areas of Focus**: Conventional Oil +* **Ticker**: $RECO.V(TSXV), $RECAF(OTCQX), $0XD(Frankfurt) +* **Market Capitalization**: RECAF: US$365.17m on 04/04/2021 +* **Public float**: 76.3M on 04/04/2021 +* **Shares outstanding:** 138.6M on 04/04/2021 +* **% Held by Institutions**: 0.11% +* **% Held by Insiders**: 23.34% +* **Investor Presentation**: [link](https://reconafrica.com/wp-content/uploads/ReconAfrica-Investor-Presentation.pdf) +* **Key research reports:** + * [Mark Heim Research Report](https://reconafrica.com/wp-content/uploads/ReconAfrica-Research-Report-July-2020.pdf) + * [SeekingAlpha Research Report](https://seekingalpha.com/article/4397342-reconnaissance-energy-africa-potential-future-major-african-oil-and-gas-company) + * [Haywood Securities Research Report](https://reconafrica.com/wp-content/uploads/ReconAfrica-Haywood-Report-November-2020.pdf) +* **Key video presentation:** + * [American Petroleum Institute Presentation](https://youtu.be/sgniBroy2YQ) + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\\\ THE COMPANY** + +ReconAfrica is an early-stage oil exploration Canadian company listed on the Toronto Venture Exchange (TSX.V), US OTC (RECAF) and the Frankfurt exchange (0XD.F). A team of world-renowned oil exploration experts discovered a new, unexplored basin in Namibia and Botswana and promptly secured exploration rights to the entire area. ReconAfrica has purchased a drilling rig specifically for this drilling program and is working on confirming the presence of hydrocarbons in the Kavango Basin with [strong support](https://www.namibian.com.na/99647/read/Shifeta-defends-oil-drilling?fbclid=IwAR1PXrk8r5B4EpMfIW3x-r_acmH8e4vjh0q0GkGfDR9F__I_hmbT-_LRX6c) from the Namibian government. + +The basin’s age, size, and depth could make it the biggest oil discovery in recent history, resulting in [ReconAfrica becoming a potential African oil major](https://seekingalpha.com/article/4397342-reconnaissance-energy-africa-potential-future-major-african-oil-and-gas-company). + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\\\ SHORT TERM OPPORTUNITY** + +ReconAfrica’s drilling program currently consists of drilling 3 wells to confirm the presence of a working hydrocarbon system in the Kavango basin. An oversubscribed round of [funding](https://reconafrica.com/wp-content/uploads/RECON-Update-3_25-Warrants_VOK2_Final.pdf) has just been completed, removing the need for any short term capital raise or share dilution for the foreseeable future. Well #1 total depth was projected for the [end of March](https://reconafrica.com/wp-content/uploads/Haywood-ReconAfrica-022521.pdf) and **an announcement is expected soon**. At the same time, the 450km 2D seismic program is expected to obtain approval shortly. These are significant milestones with a potential **2x upside** from the current \~CDN$3.5 / \~USD$2.5 to arrive at the [current price target of CAD$7.0](https://reconafrica.com/wp-content/uploads/Haywood-ReconAfrica-022521.pdf). The spudding of the second well and its completion is expected to be the next near-term catalyst. + +However, **the biggest near-term catalyst** awaits at the completion of Well #3. The drilling program requires all three wells being drilled to Total Depth (TD) before the release of any information about commercial productivity (see “The Plan”). When Well #3 is completed, we get to see whether we have oil, as well as indications about possible quantities. + +Here is where it gets difficult to estimate an upside and numbers become speculative. The sheer size of the basin and the scale of potential reserves have inspired some wild share price [estimates](https://reconafrica.com/wp-content/uploads/ReconAfrica-Investor-Presentation-092019.pdf) of [US$70](https://www.wallstreet-online.de/_plain/_shared/default/image?url=//assets.wallstreet-online.de/_media/10511/board/20201209122208-reconnaissance-energy-africa-shale-play-valuation.jpg). I think this is unlikely. But because of the very high estimated potential reserves, I expect that a successful oil show could make share prices around CDN$24 / US$19 possible. An **\~x8 upside**. It could be greater or smaller depending on the indications for oil quantity and quality. See “The Valuation”. + +The analyst firm Haywood Securities is tracking the progress of the drilling program and the catalysts, providing [update analyses and share price targets](https://reconafrica.com/investors/analyst-reports/). The last share price rally happened as the rig arrived and the drilling began - an important de-risking milestone. See “The Technicals” for a summary of past price history and a technical analysis of the price chart. + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\\\ LONG TERM SPECULATION** + +Once the presence of a working hydrocarbon system is confirmed, the company will enter a [farm-out deal](https://www.investopedia.com/terms/f/farmout.asp#:~:text=Farmout%20is%20the%20assignment%20of,exploration%20blocks%20or%20drilling%20acreage) to raise the funds needed to move to the appraisal stage, where the basin is thoroughly mapped and the estimates of its oil content are confirmed with the certainty required for production. Early expert estimates put the resource at 1.2 billion barrels, while more recent estimates put it between 40 and 120 billion (see “The Resource”). + +If we have 1.2 billion barrels, we get a nice rally. This is a quantity somewhat comparable to the 88 Energy opportunity. + +**However, If we have 40 billion or 120 billion barrels, then Namibia (a 2.5m population country) finds itself with resources close to the ones** [**in America or Kuwait**](https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves)**.** [**ReconAfrica could become a next oil major**](https://seekingalpha.com/article/4397342-reconnaissance-energy-africa-potential-future-major-african-oil-and-gas-company)**.** + +You could argue that estimating the share price if this happens is meaningless, but I made an attempt - see “The Valuation”. + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\\\ THE TEAM** + +*Sources: ReconAfrica website, LinkedIn, Google.* + +**Craig Steinke, the Founder,** has previously founded [Renaissance Oil](http://renaissanceoil.com/). Working with Jarvie and Steinsberger, he successfully completed a pioneering exploratory shale play in Mexico, confirmed commerciality and [secured a deal with LUKOIL](http://renaissanceoil.com/news/renaissance-partners-with-lukoil/), one of the world’s biggest oil producers. This has been shelved after market conditions caused oil prices to tank while Mexico [banned fracking](https://www.reuters.com/article/us-mexico-oil-renaissance-oil-idUSKBN23Q35A). He also founded Realm Energy, found oil in the Paris basin in France and [successfully farmed it out to ConocoPhilips](https://www.reuters.com/article/realmenergyinternational/update-1-realm-energy-signs-farmout-deal-with-conocophillips-idUSL3E7IF2HG20110715?edition-redirect=in), but[ France banned fracking too](https://www.worldoil.com/news/2013/11/29/france-denies-hess-energy-exploration-permits-in-paris-basin), which forced Mr. Steinke to look elsewhere. This took him to Africa (see “The Find”) + +**Scot Evans, The Chief Executive Officer,** has spent 11 years as a Production Geologist with Exxon and 26 years as the Vice President of [Halliburton’s](https://en.wikipedia.org/wiki/Halliburton) [Integrated Asset Management](https://www.halliburton.com/en/integrated-services/project-management/integrated-asset-management) and [Technical Consulting](https://www.halliburton.com/en/integrated-services/consulting) organisations. An expert in developing new field resources, he’s had experience in US plays (Permian, Eagle Ford, Monterey) as well as international ones in Algeria, Kuwait, India, Angola, Ecuador and Mexico. + +**Nick Steinsberger, The SVP of Drilling & Completions,** has 32 years of experience in petroleum engineering, is a world leader in well design and has supervised over 1,500 programs in conventional plays. He is famous for being the engineer who invented hydraulic fracturing while working for Mitchell Energy in Texas, and was featured in [The Atlantic](https://www.theatlantic.com/business/archive/2013/11/breakthrough-the-accidental-discovery-that-revolutionized-american-energy/281193/) and [The Wall Street Journal](https://www.wsj.com/articles/the-texas-well-that-started-a-revolution-1530270010) articles. + +**Daniel Jarvie, The Chief Geochemist,** is the retired Chief Geochemist of one of the largest independent oil producers in North America, EOG Resources. An adjunct professor in Geology at Texas Christian University (TCU), [he is an author of 86 publications with over 6,000 citations](https://www.researchgate.net/profile/Daniel-Jarvie-2). Jarvie’s analysis places the Kavango basin at [40-120 billion barrels](https://reconafrica.com/wp-content/uploads/Dan-Jarvie-ReconAfrica-Geochemical-Analysis-1.pdf). His work defines this opportunity. [Here are his other accomplishments](https://bauerberg-klein.com/perfil_instructor.php?id=195). + +**Bill Cathey, The Geophysicist,** has performed the aeromag analysis interpretation for ReconAfrica. You can watch him present the analysis[ here](https://youtu.be/sgniBroy2YQ?t=3072). Over his 25 year career, he has interpreted fields for Chevron, Exxon, ConocoPhilips and many other major O&G companies. He is the Chairman of the Potential Fields Group of the [Geophysical Society of Houston](https://www.gshtx.org/). + +**Shiraz Dhanani, The Advisor,** is a geophysicist with 40 years of experience at BP and Exxon, as well as ex-CEO of Voyageur Oil & Gas Corporation, where he successfully took the Ghadames basin in Tunisia from the exploration to the farm-out phase. Ex-Technical Director of BP in Libya, where he organised the world’s largest onshore and offshore seismic studies. + +**Dr. James Granath**, **Director,** A former Senior Geological Advisor at Conoco and expert in seismic interpretation, he has worked in plays in 40 countries around the world as an independent consultant. Currently on the Graduate Faculty at the University of Alabama, he has taught at State University New York Stony Brook and authored [68 publications](https://www.researchgate.net/profile/Jim-Granath). He is the author of several geological talks relevant to the Kavango basin: [link](https://reconafrica.com/wp-content/uploads/Karoo-Related-Basin-Forming-Fault-Systems-in-Northern-Namibia.pdf), [link](https://reconafrica.com/wp-content/uploads/Cross-Africa-Shear-Zones.pdf), [link](https://reconafrica.com/wp-content/uploads/Big-Picture.pdf). + +**Mark Gerlitz, Director,** is a principal of an advisory consultancy company specialising in M&A, joint venture, farm-out and partnership deal planning and negotiating. An active member of the Association of International Petroleum Negotiators, Mark has had over 20 years’ experience advising states, national and international energy companies. + +**\_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE FINDING** + +**>>>HOW DID RECONAFRICA FIND AN OVERLOOKED BASIN?** + +You can find Craig Steinke’s account of the story [here](https://youtu.be/cGbnB-aEsu0?t=213). Below is a summary: + +After Craig Steinke’s last project (see “The Team”), the exploration expert bought a shale and source rock database from [IHS Markit](https://ihsmarkit.com/index.html) (one just like [this one](https://ihsmarkit.com/products/oil-gas-field-reservoir-discoveries.html)), hired four international geologists and tried to find overlooked opportunities. He found ST-1, a **1964 Etosha Petroleum** well, which identified 620’ permian shale. While this early exploration effort found source rock, it failed to find oil, and further attempts were hampered by the political situation in Namibia at the time. You can find more details about other exploration efforts in the area [here](http://www.searchanddiscovery.com/pdfz/documents/2014/10609hoak/ndx_hoak.pdf.html). + +The oil exploration industry has come a long way since 1964, and Craig had a hunch that Etosha was drilled in a shallower part of the basin. The team believed that the basement depth increased as you move further to the east. Craig contacted the Namibian government and found that they had an un-analysed aeromagnetic study available ([aeromagnetic surveys](https://en.wikipedia.org/wiki/Aeromagnetic_survey) are used to visualise the geological structure of the upper crust). Based on his hunch and little else, **he preemptively acquired both the aeromag and the exploration rights.** [This contract](https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00008235&issuerType=03&projectNo=03088140&docId=4767862) was very much in Namibia’s interest, as it committed ReconAfrica to spend a minimum $5m on exploration, as well as pay N$2m in licence fees and US$50,000 in Namibian training and education fund contributions per year (page 38 [here](http://www.eia.met.gov.na/screening/2250_public_and_stakeholders_consultions_materials_march_2021.pdf)). + +The aeromag analysis was done by Bill Cathey (see “The Team”). He found a **huge, completely unexplored 30,000’ deep sedimentary basin…** and the rest is history**.** He describes it in detail in his [conference presentation](https://youtu.be/sgniBroy2YQ?t=3068), and you can find a basic summary [here](https://reconafrica.com/wp-content/uploads/Bill-Cathey-ReconAfrica-Aeromagnetic-Analysis-1.pdf). You can also find Dan Jarvie’s perspective on the finding [here](https://www.yahoo.com/news/largest-oil-play-decade-interview-000000645.html). + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE RESOURCE** + +Wood Mackenzie, [a world-leading consultancy group, estimated](https://www.woodmac.com/) the Kavango basin to be [most similar to the US Midland (Permian) Basin](https://reconafrica.com/wp-content/uploads/Wood-Mac-Kavango-Basin-and-Global-Benchmarking-Nov-2020.pdf). The Permian has produced 33 billion barrels of oil ($1.8 trillion @ $55 per barrel) since 1921. It currently accounts for 20% of US crude production. ReconAfrica holds exploration rights to the entire Kavango basin, see “The Deal”. + +We are still in early stages and don’t know much about the basin apart from its immense size and depth, as well as, according to Bill Cathey, the fact that there is no basin of this depth in the world that doesn’t produce hydrocarbons. + +An early estimate came to [1.2 billion barrels](https://reconafrica.com/wp-content/uploads/Sproule-Report-ReconAfrica-July-2020.pdf) (which, as the most conservative analysis, is used by [analysts](https://reconafrica.com/wp-content/uploads/ReconAfrica-Haywood-Report-November-2020.pdf) for share price targets), while a later estimate by Chief Geochemist Dan Jarvie came to between [40 and 120 billion barrels](https://reconafrica.com/wp-content/uploads/Dan-Jarvie-ReconAfrica-Geochemical-Analysis-1.pdf). You can watch Jarvie present his analysis at an [American Petroleum Institute conference](https://youtu.be/sgniBroy2YQ?t=3815), or read an [interview of his](https://www.yahoo.com/news/largest-oil-play-decade-interview-000000645.html). + +[An excerpt from a leaked investor presentation](https://youtu.be/-Kknjo3ygU4?t=1127): “Dan does believe \[...\] he is conservative. \[...\] The numbers are already so large that we don’t need to press the numbers to make a compelling investment case” + +We will have to wait for more data to see which estimate is closer to the truth, and whether Jarvie is correct in being conservative. **But even if his lowest estimate pans out, we are in oil major territory**. [A quick google reveals Exxon currently has 15 billion barrels](https://oilprice.com/Energy/Energy-General/Exxon-Shocks-As-Oil-Reserves-Drop-By-A-Third.html#:~:text=Exxon%20slashed%20its%20oil%20reserves,billion%20barrels%20a%20year%20earlier.). That is the potential scale of this play. + +**>>>WHAT ABOUT FRACKING?** + +If you work in O&G in America, you will have little choice but to be heavily involved in fracking: the conventional resources have practically run out. This is why many of the ReconAfrica team have a fracking background, and why a lot of the early ReconAfrica documents mention fracking - it makes it more comparable to the current US plays. However, fracking is never the first choice due to its financial and environmental cost, as the company [repeatedly stated](https://twitter.com/Recon_Africa/status/1371571724559519748?s=20). + +ReconAfrica is currently in the **exploration stage** and its mission is to confirm both [conventional and unconventional](https://reconafrica.com/wp-content/uploads/ReconAfrica-Investor-Presentation.pdf) resources, so that Recon and the Namibian government know what is in the ground. Any production licences and discussions come further down the line. See “The Environment”. + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE PLAN & THE CATALYSTS** + +ReconAfrica’s exploration work is “de-risking” the basin in stages. **The current stage is confirming the presence of a working hydrocarbon system** through two stratigraphic wells, followed by 450km of 2D seismic and a trap well. [Stratigraphic wells](https://www.rigzone.com/training/insight.asp?insight_id=298&c_id=) will acquire cores and well logging to map geological strata. [Seismography](https://en.wikipedia.org/wiki/Reflection_seismology) allows you to map subsurface features. [Trap wells](https://energyeducation.ca/encyclopedia/Oil_and_gas_traps) look to hit oil. Well 1 should be complete near the end of March. Well 2 (\~30 days) and the seismic will take place concurrently, so the final well (also \~30 days) will be complete July earliest, and realistically at the start of Q3. + +Well #1 completion and 2D seismic study approval are expected to be the next big catalysts, followed by Well #2 and the exciting Well #3 which will **look for oil.** The data from the wells will be used to obtain a more accurate picture of the basin’s contents. ReconAfrica will need this information to negotiate a **farm-out deal**, where they offer a % interest in the resource in exchange for the funds to complete the appraisal. + +**They will not release interim technical results** until the whole program is complete, so that they can be in the best negotiating position. However, they promised **plenty of operational updates**. Please review [the investor presentation from 18th January 2021 for details](https://youtu.be/-Kknjo3ygU4). + +**ReconAfrica is planning to negotiate the farm-out this summer.** It will bring in lots of capital, considerably de-risk the project, and be a big catalyst. + +It’s difficult to put a SP estimate upon an oil show at the end of the program. I wouldn’t be surprised if it **takes us to CDN$24 / US$19**, or more if the well logs indicate that we are closer to a 40 billion barrel situation than a 1 billion barrel situation - see the next section. Securing the farm-out deal will happen shortly after, serving as **another catalyst**. + +After this comes the appraisal of the entire basin’s resources, with further wells and 3D seismic. As it goes on, **we should be getting closer and closer to the real picture of what’s in the basin.** All current price targets are based on the most conservative target of 1.2bb. If early signs show we are closer to 40bb, the game changes dramatically. + +As a small outfit ReconAfrica will **not develop the entire basin themselves.** That would take insane scale. Instead, they will seek to sign farm-out deals with large oil majors and secure crazy royalties. However, since they have in-house development experience, they will seek to produce as much as they can themselves as well (as mentioned [here](https://youtu.be/-Kknjo3ygU4)). + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE VALUATION** + +Valuing exploration oil companies is tough. We still don’t know much about the Kavango basin apart from its immense size and depth. The original estimate of reserves by Sproule came to 1.2bn barrels, while the later Jarvie estimate came between 40 and 120bb. [Haywood reports](https://reconafrica.com/wp-content/uploads/Haywood-ReconAfrica-022521.pdf) provide pricing (in CDN$) **based on the most conservative estimate** and “chances of commerciality”. This chance increases the closer we get to confirming the resource. + +I have found a [useful calculator](https://jscalc.io/calc/uJqKwGWLiSqOuoxA) someone made on another board, based on a model from [SeekingAlpha](https://seekingalpha.com/article/4334114-drilling-for-oil-in-stock-market) which uses assumptions from [this paper](https://scholarworks.uark.edu/cgi/viewcontent.cgi?article=1044&context=anrlaw). Assuming a 20% farm-out cut, US$55 per barrel and a 33% profit margin on each one, I estimated the USD share price (along with the upside from the current \~US$2.5) for the different reserve estimates. I also looked at a [recent massive farm-out deal by Rosneft](https://www.reuters.com/article/rosneft-results/update-2-rosneft-holds-talks-with-global-traders-india-and-china-on-vostok-oil-project-idUSL1N2KI0KT) and applied the same valuation to ReconAfrica’s reserves for comparison. + +**The prices are in USD with upside potential based on the current price of \~US$2.5 in brackets.** + +|PRICES USD|Analyst reports|Model|Model|Model|Rosneft deal| +|:-|:-|:-|:-|:-|:-| +|Bn barrels|Haywood|Reserves probable|Reserves proven|Reserves producing|US$2 per barrel deal| +|1.2|$36.9 (x15)|$6.2 (x2)|$11.1 (x4)|$24.6 (x10)|$13.4 (x5)| +|40|$1,231 (x492)|$207 (x83)|$370 (x148)|$820 (x328)|$448 (x179)| +|120|$3,693 (x1477)|$620 (x248)|$1,110 (x444)|$2,460 (x984)|$1,345 (x538)| + +&#x200B; + +You can kind of see why the analyst share price targets stuck to the earlier, most conservative estimate, as the **numbers get stupid very quickly**. In reality, I am sure these will be tempered by the actual farm-out agreements, further capital raises and the sheer time it takes to extract 40bn barrels (but note that the numbers above already assume a 20% royalty cut to account for farm-out deals). + +This is what happens when you find a huge, overlooked basin and snatch the rights to the entire area. If you would like to see more detail on the 40-120bb estimate, I recommend Dan Jarvie’s [conference presentation](https://youtu.be/sgniBroy2YQ?t=3815). + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE DEAL** + +**ReconAfrica’s work** is currently subject to the [Petroleum Agreement](https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00008235&issuerType=03&projectNo=03088140&docId=4767862) with the Namibian government, giving them rights to an enormous 6.3m acre (\~27,000km2) area, and a similar agreement with the Botswana government for 2.2m acres (\~8,900km2). + +**In Namibia,** The Namibian state oil company NAMCOR holds a 10% stake in the exploration licence. Namibia gets a [5% royalty and a 35% corporate tax](https://reconafrica.com/wp-content/uploads/ReconAfrica-Investor-Presentation.pdf), ensuring that a good portion of the profits will benefit the country’s economy. + +Once the exploration phases are complete, the company has **secured the right** to enter into a 25 year **production licence** with a NAMCOR stake to be negotiated, as specified in the [Petroleum Agreement](https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00008235&issuerType=03&projectNo=03088140&docId=4767862) and the recent seismic [Environmental Impact Assessment](http://www.eia.met.gov.na/screening/2250_vol_2_of_3_eia_report_for_the_proposed_2d_seismic_survey_of_aoi_in_pel_73_kavango_east_and_west_regions_march_2021.pdf). + +**In Botswana,** ReconAfrica holds a 100% working interest in all the petroleum in the area. The work is currently at the permit obtaining stage. Royalties will be [3% - 10% and a 22% corporate income tax](https://reconafrica.com/wp-content/uploads/ReconAfrica-Investor-Presentation.pdf). + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE RISKS** + +**Short-term risk** is mainly in the 3 well program failing to find oil. In this scenario, the share price will likely suffer a significant drop. However, since the company has already secured additional funding, it would simply mean additional delay (see “The Fundamentals”). + +**Longer-term risks** include: + +* Failure to confirm oil with further wells. In this case, share price goes to 0. +* The basin not yielding a commercialisable resource. In this case, the share price also goes to 0. +* The basin yielding only an unconventional (fracking) resource, the extraction of which will encounter considerable opposition. +* Environmental concerns halting exploration. While we are getting increasing news exposure, I consider this extremely unlikely, as the exploration stage involves no oil production and has minimal environmental impact. **As long as there is the prospect for any oil, the Namibian government will want to find out whether it’s there.** +* Oil prices going down. I don’t consider this to be a major risk with oil prices projected to increase with reflation, and conventional oil being relatively cheap to extract. The oil prices will be far more relevant to the production stage, which will happen further down the line. Hear Craig talk about this [here at around 17:00](https://podcasts.apple.com/mr/podcast/africas-kavango-basin-craig-steinke-founder-recon-africa/id1450833136?i=1000498202543). + +*This is very much a high risk, high reward, near-binary play.* + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE “FUNDAMENTALS”** + +As a junior oil exploration company, ReconAfrica is not a fundamentals based opportunity. However, they have: + +* Their own [1,000hp drilling rig](https://reconafrica.com/operations/crown-750-1000-hp-drilling-rig/). Rig ownership reduces costs by 60%. +* [Funds for the entire program](https://reconafrica.com/wp-content/uploads/ReconAfrica-Closing-2020-08-20.pdf) (3 wells + seismic) with $4m margin leftover. +* Additional [\~$33m](https://reconafrica.com/wp-content/uploads/RECON-Update-3_25-Warrants_VOK2_Final.pdf) from a recent warrants release. +* [Zero debt.](https://reconafrica.com/wp-content/uploads/ReconAfrica-Investor-Presentation.pdf) + +This means they have sufficient funds to take their time and get it right, as well as to complete **up to 6 additional wells** if required at [\~$4m per well](https://leedejonesgable.com/wp-content/uploads/reconafrica-0811.pdf) \- all without **any additional dilution.** Note that this is based on my own calculations from their financial statements, and not on company commitments. + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE TECHNICALS** + +**The last catalyst was caused by the start of drilling on January 10th**, and had an x2 upside. Recently, the price has suffered a bit due to the well delay and the ongoing macro conditions. Due to low volume in-between the catalysts, it tends to track the Russell 2000. Recently, a massive **bullish pennant** has been forming, which together with low volume is showing the price is well-consolidated for a new catalyst. This stock is still flying under the radar. + +**I made some charts for you:** + +* [A chart with the last rally and all the major events.](https://i.imgur.com/OGPuMRZ.png) +* [A tidier chart showing all events since November 2020.](https://i.imgur.com/eUxI0Fx.png) +* [A chart showing how RECO has drifted on market sentiment in March.](https://i.imgur.com/70YMWNg.png) +* [A chart showing the bullish pennant.](https://i.imgur.com/UicDl0N.png) +* [A chart showing the tip of the pennant, the “catalyst launchpad” and the most relevant support levels right now.](https://i.imgur.com/BiOx0F4.png) + +Imgur seems to be reducing resolution on mobile, so if you’re on a phone, try “Request Desktop Site” or view these links on a computer. + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE ENVIRONMENT** + +There has been some environmental news coverage of ReconAfrica’s efforts. A lot of the articles don’t seem to grasp that **ReconAfrica is in the exploration stage** with the goal of confirming the presence of oil. If oil is confirmed, it will take some time and negotiation to get to production. I expect the negotiations to get quite political. This does not affect us for this phase. ReconAfrica is under contract with the Namibian government to **tell their country how much oil they have.** + +If the government finds itself in possession of an **oil resource the size of Kuwait’s**, it will have to choose whether the benefits of extraction outweigh possible environmental risks. I look at this play as a low environmental impact **oil exploration opportunity** with the goal of confirming the resource and fully appraising it. What happens after dramatically changes depending on what quantity of oil is found. + +**ReconAfrica is fully in compliance with Namibia’s stringent environmental protection laws:** they are using an expensive, biodegradable and fully [environmentally safe](https://www.energy-pedia.com/news/namibia/new-182148) drilling fluid**.** The seismic analysis has been subject to a detailed [Environmental Impact Assessment](http://www.eia.met.gov.na/screening/2250_vol_2_of_3_eia_report_for_the_proposed_2d_seismic_survey_of_aoi_in_pel_73_kavango_east_and_west_regions_march_2021.pdf) and [Environmental Management Plan](http://www.eia.met.gov.na/screening/2250_vol_3_of_3_emp_report_for_the_proposed_2d_seismic_survey_of_aoi_in_pel_73_kavango_east_and_west_regions_march_2021.pdf), with [extensive local consultation](http://www.eia.met.gov.na/screening/2250_public_and_stakeholders_consultions_materials_march_2021.pdf). The current drilling program has received [environmental clearance](https://www.documentcloud.org/documents/20407456-environmental-clearance-certificate-reconafrica). + +**ReconAfrica is not focused on fracking.** While it is true that some early ReconAfrica material included unconventional resources to make a comparison to US plays easier, conventional extraction [is](https://twitter.com/Recon_Africa/status/1371571724559519748?s=20) and has [always been the focus](https://reconafrica.com/wp-content/uploads/Wood-Mac-Kavango-Basin-and-Global-Benchmarking-Nov-2020.pdf). The governments of [Namibia](https://reconafrica.com/wp-content/uploads/ReconAfrica-MME-Press-Release-March-8-2021.pdf) and [Botswana](https://reconafrica.com/wp-content/uploads/ReconAfrica-Press-Release-021121.pdf) have provided helpful clarifications. See [a recent TV interview](https://www.facebook.com/www.nbcnews.na/videos/793867861512115) for the view of the Namibian government. + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ THE COUNTRY** + +**Namibia** represents the lion’s share of the Kavango basin’s area. It is a former German colony, gaining independence from South Africa in 1990. A stable, multi-party parliamentary democracy, [Namibia](https://en.wikipedia.org/wiki/Namibia) has a small population of 2.5m people with a nominal GDP of US$14.15bn. + +For comparison, the most conservative estimate of 1.2bn barrels would generate a revenue of US$66bn at US$55 per barrel. With over [20% unemployment](https://www.statista.com/statistics/808804/unemployment-rate-in-namibia/), and being one of the few countries in the area [with no proven oil reserves](https://www.ecooilandgas.com/bp-pursues-namibia-crude-amid-no-known-discovery-of-oil-energy/#:~:text=Namibia%2C%20sandwiched%20between%20Angola%2C%20South,to%20generate%20power%20this%20year.), **it simply** **cannot afford not to produce oil.** Under the current deal, the government will receive 35% corporate tax, and 5% in royalties and 10% through its stake in the area. [Recent government statements](https://www.namibian.com.na/99647/read/Shifeta-defends-oil-drilling?fbclid=IwAR1PXrk8r5B4EpMfIW3x-r_acmH8e4vjh0q0GkGfDR9F__I_hmbT-_LRX6c) and [TV interviews](https://www.facebook.com/watch/live/?v=793867861512115&ref=watch_permalink) show strong support of ReconAfrica’s current efforts. NAMCOR, the national [oil company](https://www.namcor.com.na/) has been supporting multiple onshore and [offshore exploration](https://www.ecooilandgas.com/namibia-africas-next-big-oil-frontier/) efforts over the years. + +**Botswana** is a former UK colony, gaining independence in 1966. Another stable democracy, it’s been called the [most attractive investment destination in Africa](http://quantumglobalgroup.com/article/botswana-most-attractive-investment-destination-in-africa/). ReconAfrica’s efforts in Botswana are in early permitting stages. + +**\_ \_ \_ \_ \_ \_ \_ \_ \_ \_** + +**\\\\\\ CONCLUSION & DISCLAIMER** + +ReconAfrica presents an opportunity with a very special risk/reward profile, and I hope that this work helps to illustrate some of the more interesting aspects of the project. + +This post is for informational purposes only and does not construe as financial, legal or investment advice. Feel free to use it as a starting point to do your own research, but remember to make your own conclusions. +# 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. + +*Please talk to each other so that people know to take the discussion to the other chat for daily off-topic discussion, and report comments that may need moderator attention. We will make attempts to politely redirect discussion, but will moderate further if necessary.* + +# 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 Wrinkle Brain Think Tank discussion threads are created at 4:20 a.m. EDT* +I know a lot of people are kicking themselves for not selling during the last bull run. Just curious what people are planning if the next one comes? + +Mostly curious about how much of your stack you plan on selling and at what price points. I feel like a common strategy would be to sell at the ATH, but if it's a common strategy, I can't see that strategy going well +Hi! +I’m aware that once you go over earning 50k you pay 40% tax, +But you get 12k tax free, 20% taxed in between. + + +Normally when I get pay I put my tax money in a savings account for when I have to cough up to HMRC. + +When should I start putting the 40% away? +When I hit the 50k? Or after 62k because of the tax free amount? +First there was that multicap to largecap drama. Now, after promoting Emerging Bluechip as a primarily midcap fund for years, they're launching a brand new midcap fund. MF Guy's new post: + +[https://themfguy.wordpress.com/2019/07/08/investors-confused-mirae-asset-amc-launching-new-funds-in-old-packets/](https://themfguy.wordpress.com/2019/07/08/investors-confused-mirae-asset-amc-launching-new-funds-in-old-packets/) +Maybe not the correct sub to be asking but I'm just so blown away right now. I might be late to the party but I just found out that they are doing away with the penny. I think with inflation on the rise and now doing away with the penny we will see prices go even higher due to that alone. I mean how do you deal with things like a 6% sales tax. Say I buy something that's only a dollar and I have a 6% sales tax and there's no penny. So are they going to raise the tax? Lord knows they won't lower it. I don't think they can go completely to digital by the time the Penny's gone. And I don't want them to completely get rid of paper money. I don't know what's everybody think. +[Here is an article talking about it](https://www.ft.com/content/c1060fb0-41b4-11e5-b98b-87c7270955cf](https://www.ft.com/content/c1060fb0-41b4-11e5-b98b-87c7270955cf). Think the argument is giving the government control of the printing press and cancellation of debt purchased by central banks. I might be wrong but I think the argument is there is a demand problem and asset prices are too high, and normal QE props up asset prices. Spending on infrastructure like housing could solve such a problem. + +I'm just playing devil's advocate I don't know much about the subject but there has been support of this idea and a financial writer Francis Coppola has written about it too in her book people's case for for QE. [Here is an interview of her](https://www.youtube.com/watch?v=KnYrd9X2N3o&ab\_channel=BondVigilantes](https://www.youtube.com/watch?v=KnYrd9X2N3o&ab_channel=BondVigilantes) +I think that in order to compare two countries, you have to put things into context and link the GDP growth with the respective countries populations growth. GDP growth alone by itself doesn't mean anything actually if you don't put it in a per capita perspective. + +You can have a staling GDP for country X and an increasing GDP for country Y, and think that country Y is more productive while in actuality country X have had a population decrease, and country X is, in fact, getting actually more productive. +How does the Labour Theory of Value account for the appreciating values of things like rare collectibles or NFTs? + +As collectibles appreciate in value there has been no extra labour put into the collectible, it merely appreciates due to the fact it has become rarer or people simple desire it more (or at least to my current understanding). How does the labour theory of value account for such a phenomenon? +My basic understanding of inflation is that too much of it is bad because an excess amount of money within a marketplace increases prices for everyone, since there is more to go around. But what is stopping - say - the United States from printing up a few hundred billion dollars and spending it all on foreign land in other countries like China, Russia, Brazil, etc.? How would this kind of action affect Americans back home? +* Surging inflation and interest rates are hammering American consumers and weighing on the housing market. + +* Mortgage demand fell last week, hitting the lowest point since 2000, according to the Mortgage Bankers Association. + +* Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. + + + +The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. + +Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. + +Applications for a mortgage to purchase a home dropped 7% for the week and were 19% lower than the same week in 2021. Buyers have been contending with high prices all year, but with rates almost double what they were in January, they’ve lost considerable purchasing power. + +“Purchase activity declined for both conventional and government loans as the weakening economic outlook, high inflation and persistent affordability challenges are impacting buyer demand,” said Joel Kan, an economist for the MBA. + +While buyers are less affected by weekly moves in interest rates, the broader picture of rising rates has already taken its toll. Mortgage rates moved higher again last week after falling slightly over the past three weeks. + +The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.82% from 5.74%, with points increasing to 0.65 from 0.59 (including the origination fee) for loans with a 20% down payment. That rate was 3.11% the same week one year ago. + +Demand for refinances, which are highly rate sensitive, fell 4% for the week and were 80% lower than the same week last year. Those applications are also at a 22-year low, but the drop in demand from homebuyers caused the refinance share of mortgage activity to increase to 31.4% of total applications from 30.8% the previous week. + +Mortgage interest rates haven’t moved much this week, but that could change very soon due to increasing bond market volatility. The Federal Reserve is expected to hike rates by another 75 basis points next week, and other central banks are taking similar action against inflation. A basis point equals 0.01%. + +“This is especially true next week as markets digest the newest Fed policy announcement next Wednesday, but Thursday’s policy announcement from the European Central Bank could also cause enough of a stir to impact U.S. rates,” noted Matthew Graham, chief operating officer of Mortgage News Daily. + + +Source +https://www.cnbc.com/2022/07/20/mortgage-demand-drops-to-lowest-level-in-22-years.html +Hello everyone. + +I used to read this subreddit religiously until I realized I stopped getting anything positive out of it. Now, I come back frequently to see what "My Journey" type of posts have come up because I really enjoy reading them. My journey is unique in my opinion because I grew up lower class, didn't go to college/university and have had a wide range of salaries and jobs. + +**\*\*TLDR at the bottom.\*\*** + +I came to FIRE through reading r/personalfinance and r/personalfinancecanada. I bought a 25K car when I was 22 and barely making $1,500/mo. I had absolutely no idea how to handle finances. I worked part-time throughout high school and continued working for minimum wage in retail for about 3 years after. I spent every dime I made (mostly on travel). I had zero financial education from my parents growing up. I would often lend money to my mom when she couldn't afford rent or food for us and gave her all the time she needed to pay me pack (and she always would). My dad was mostly MIA and fought with my mom over giving her child support while making 100K+/yr. I knew the importance of money because of this; yet I somehow still squandered mine all away. + +I moved across Canada (Ottawa to Calgary) in 2014 when I was 23 with my SO at the time. I had no savings. He supported me for a month or so before I got a job. This was around the time I started reading r/personalfinance and looking for help on my car loan situation. Going back through all my chicken scratch notes, I can see that I saved $3,000 that year on a salary under 35K. The next year was another $6,000 on a salary of 40K. I took pretty poor notes during these first few years and it took me hours to find and compile these small bits of information. I have laid out my rough financial details for the last 6 years below. + +&#x200B; + +|Year|Income|Savings| +|:-|:-|:-| +|2014|$33,197|$3,000| +|2015|$40,739|$6,000| +|2016|$51,683|$11,945| +|2017|$66,315|$23,691| +|2018|$87,475|$25,598| +|2019|$78,000|$9,800| + +* **2019 numbers above do not include November savings that I have in cash (about 5K)** +* **All above savings are invested in GIC's and TD E-series ETF's** + +At the end of 2016, I was eligible to start contributing to my work's RRSP and I started maxing their match after reading a lot on r/personalfinance and r/financialindependence . + +In 2014, I was a receptionist which lead to a promotion within the company doing purchasing. I left that company in 2015 and became a service coordinator later that year in a new industry. I was promoted within 3 months into inside sales and then into outside sales mid 2017. 2018 was a great year for my income, I made a killing in commissions. I switched companies mid-way through 2019 due to high stress and management changes. My income dipped quite a bit more than I was expecting. + +I had fluctuating expenses throughout the last 6 years due to break-ups, a new SO moving in, getting braces and prioritizing travel and social outings the last 2 years. + +I hate the job I am in currently. It's a big corporate company and there are so many rules and stupid hoops to jump through to get the smallest thing accomplished. The only reason I am still here is due to fear of being out of work and because I get to work remotely 90% of the time (this is about to change though). I have a date in my calendar to hand in my notice here, and I've been putting cash aside to float me through December, January and February if I need to. I currently have a second job that I can pick up hours at over the holiday season as well (warehouse job making $16/hr). + +I have been very back and forth with this whole FIRE thing lately. My last relationship ended in part because of my extreme frugal-ism and obsession with the journey. I am planning to transition back to a lower stress job making 40-50K/yr. Sales is killing my confidence and making my work week hell. I'm glad I was able to be successful and sock away a nice little nest egg but I don't think the uncertainty of the income is worth it anymore. + +The great thing is I'm finally learning how to invest my money. I've started getting it to work for me instead of just "saving". I am following the Canadian Couch Potato TD E-Series model portfolio. + +I actually enjoy work itself and I find the more "grunt" type work a lot better for my mental health (but bad for my body). I think a shift in priorities is due and I need to find a job I enjoy in order for this process to work. I could still retire at 50 by going down to a lower salary and I really think I am okay with that. I don't think FULL retirement is part of my journey anyway. + +**EDIT:** Since a lot of you have been asking for my expenses breakdown, please see below. The table above is all **pre-tax income** (32% marginal rate in 2018, not sure where I'll land this year). I don't have travel listed below but i'd estimate between 3-4K per year. The last two years were expensive with living alone, paying for braces (about 10K all in), buying winter tires (1K) and furnishing my own apartment (2K). **My FIRE number is 500K which includes having a paid off house and a part-time job to cover my base expenses.** I also added a couple notes below the table above with my income/savings stats. + + Monthly + +* Rent - $700 +* Gas/Groceries - $300 +* Entertainment - $300 +* Insurance - $185 (car & home) +* Electricity - $45 +* Phone - $35 +* Internet - $52 +* Netflix - $10 +* Amazon Prime - $9 +* Bank Fee - $4 +* Miscellaneous - $100 + +**\*\*TLDR\*\*** Used to spend all my money, then saved it all and am now in a balanced state. Through varying incomes, various jobs and saving a decent amount, I think I am going to step back from the pursuit of FIRE, take time off and find work I enjoy. FI over RE. +I don't think we've celebrated enough knowing that the DD has once again proven itself correct... that we have been digging in the right places, and that ALL the speculation can be right, in the near OR far future.... the digital world is about to change. AND WE OWN STOCK IN THE COMPANY THATS GONNA START IT, BITCHES. 🥳 +I don’t oppose a finder’s fee in general. I get that it takes expertise to properly advertise the property, hold showings, screen the tenants, and conduct move-in procedures. My beef is that taking 100% of the first month puts the homeowner under too much risk if it turns out that the PM didn’t screen the potential tenant so well. Two cases in point I’ve had from the last two years: + +A) Tenant signs lease in Dec 2019. Finder’s fee covers all of Jan 2020. Since then tenant has only paid March and June and with delayed ability to evict will probably pay only those three months of one year lease...so PM effectively will get 40% of all money collected this year for that tenant. + +B) In 2019, a different PM knowingly signed lease for a man previously convicted of domestic violence. He proceeds to beat his wife so loudly that the tenant in adjacent unit complains about the noise. The PM waits until the 6 month mark to evict to avoid clause in contract about giving back finder’s fee if they evict less than 6 months in. This means I need to find a new tenant in late December (bad time of year to find new tenants), and so much damage is done to unit that all of security deposit and several months’ rent needed to cover rehab. + +Again, I don’t mind a finder’s fee, but how about either spreading it out over the year or making it month # 9 instead of month # 1? The first month is the only month in a lease where you can instantly void the contract if they don’t pay. The same leverage doesn’t exist for other months. Therefore, seems very unreasonable to me that PMs take this particular month before they’ve proven that they’ve *found* a tenant who is going to give me more than just headaches. +I’m sure this has been posted about a bunch before, but want to post a reminder as I was just attempted to be recruited to one of these! + +I saw right through it once she started actually talking numbers, and was skeptical from the beginning (mostly because I swear to god this girl never broke eye contact with me) but here’s the story: + +I work at a Barnes and Noble and this girl around my age (mid 20s) came up to me asking help finding a book (After researching the scheme, apparently they target places like this! Another guy was approached at a Target) I don’t remember how but we got into conversation about wanting to give back to our communities and wishing we had more money to be able to get by and spend more time doing that. The convo went on for a few mins and then ended and that was that. But then later, kid you not, she startled the hell out of me just by standing in an isle that I walked by. I don’t know why I was so surprised, it’s a store, so people browse... but I was. She then started the convo up again, saying she’ll see what she can do, no promises, but she’s in this business group where they mentor each other and make enough money on the side to get by, yada yada. Why she wouldn’t have mentioned that the first time we talked, I have no idea (perhaps some psychological trick). + +We exchange numbers, she calls me a few days later (which felt weird; I’m not against calling, but I’ve never met another person my age that didn’t text first if we didn’t know each other) and we agree to meet for coffee a few days later. + +At coffee we chat and she essentially interviews me and I end up telling her my life story basically (honestly don’t regret it, it was kinda nice to hear myself say it all out loud 😆) and she says I’m a great fit, but she doesn’t want to give me more info yet, I have to read 30 pages of this book that she’ll send me a PDF of (I forget the title but you can find it by searching Amway scam lol), and we agree to meet again. God this sounds insane, typing it out haha. + +Second meeting was tonight. She asked me some more questions, and then finally I get to see what this secret business is all about. What do you know, Amway! Graphs of literal pyramids! $218 start up fee! Having to buy all of your household products through the company! Making $9 commission from $300 sales (which she said was amazing and I had to stiffen a laugh)! More talk about how exclusive it is! How she’s had such great mentors through this! I can soon get $3,000 a month, even though that math doesn’t add up! + +Immediately after the meeting I called my best friend and told him everything and we had a laugh. I googled the scheme and found boat loads of similar stories. Out of curiosity I texted her a link to a video about the scam, and she sent me a block of text that sounded like a Scientologist explanation (“Don’t believe any negativity! Everyone else is wrong, we’re right!”) + +Thought I’d share the story in case anyone got or gets tricked into this. She was good. Thought for a hot sec I might have made a new friend, a group of like minded business folk, and some extra cash. Of course though, if it sounds too good to be true, it is. + +One good thing that came out of it was that now I’m more motivated to find a real group like this in my city. + +TL;DR young, enthusiastic girl started a convo with me at a Barnes &amp; Noble, talked about some exclusive business mentor ship group that made good money on the side, interviewed me &amp; told me to read a book... annnnd it is a scheme. + +Beware, folks! The schemers are relentless and at a store near you! + +EDIT: text screenshots of her response to the scam video - https://imgur.com/gallery/lBMoyPK + +EDIT 2: just need to add this 😂 https://youtu.be/lC5lsemxaJo + +EDIT 3: she texted again! https://imgur.com/gallery/Ri9sU7d +https://www.cnbc.com/amp/2018/09/05/fannie-mae-freddie-mac-are-uncle-sams-cash-cows-a-decade-after-crash.html?__source=sharebar%7Ctwitter&par=sharebar&__twitter_impression=true +My trading account is profitable with only one loss in the last 12 trades. However there’s a few things that I’m not really getting. + +The demo account I’m using has $100,000 as starting money. Now obviously I won’t be starting with anywhere near that. So will that mean my profits are also less? Or does that depend on the leverage and margin? How do I figure out what my profits will be with my starting money using same strategy? I’m having a bit of a headfuck with it all. + +Also another thing is this. Although I’m doing well on my demo and only had 1 loss in last 12 trades. I’m still not confident that I’m just getting lucky. Even though I’m not blindly guessing. My strategy seems far more simple then everyone else’s. All I am doing is scalping the 5 or 15 min chart using, RSI, moving average and envelopes. Sometimes the trend isn’t so clear so I switch it onto hourly chart to see the trend in that too. I don’t hold onto the trades longer then I need to and the small profits of £20-£60 really add up fast. Does anyone else here use a similar strategy? It feels like it’s so simple I must be missing something? + +Thanks for any advice x +To all the traders in this group what are your personal thoughts on trading forex in December do you find it a good month to trade or do you find it a month that can be quite choppy and become a thin market put your views on this chat !! +Is it possible and is there anyone out there who trades for a prop firm and still has their “day job”? I am considering options. Right now I wake up at 3am and trade London and then look for setups during NY while I’m at work and have done well with it. I don’t have a huge account though and it’s proved more difficult than it may seem to grow. At least in a years time frame. I am still young and not married yet so I even thought about moving back in with parents for a few months to get at least 20k to trade with. +I've been lurking for a while and debating whether or not to try this out. + +Just to get a sense of what's possible, how much did you guys make/lose over the past year? + +Do you think of this as taking chances and basically gambling, or once you have a method is it a petty reliable income for you? +For those few out there who are consistently profitable and to whom we all admire: what was your breakthrough in trading? Can you clearly identify the obstacles you faced, in retrospect? Finally, can you tell us about the first *really* good trade you made? +Basically the title. + +I just started my first full time job out of college and my company offers 4% 401k contribution as well as a 4% match. This means of I contribute 0%, I get 4% of my salary in a 401k from the company, not my paycheck. If I contribute 4% from my paycheck, I get an additional 8% from the company through their contribution and the match. If I'm trying to get to that "magic" 15% yearly retirement savings number, should it be 15% from my paycheck or 7% from my paycheck and 8% from the company? + +Standard info: 22yo, ~$80k salary, $25k student loans, no other debt, low COL +Tl;dr: Getting consistent wins by selling weekly naked Puts at .04 to .12 Deltas for roughly 0.30% per week on an $11K account. After adding in multi-weeklies becomes 0.88% weekly ROI. + +**Goal**: How to achieve 1% per week? Explored adding multi-DTEs and laddering. + +**Strategy 1**: Adding in multi-DTEs. The same strike a week further out can provide as much as 4x the premiums. + +**Strategy 2**: Laddering. To take advantage of lower strikes when your initial entry wasn't ideal. + +**First 13 week results**: Adding in multi-weeklies saw a dramatic jump to 0.88% weekly ROI. + +[2\/21: Implementation of Strategies --\> 0.88&#37; weekly ROI](https://preview.redd.it/zujtks8kmmt81.png?width=226&format=png&auto=webp&s=eab6fd6395203ce27886031f8e4adbb92003c43a) +This morning marked the end of a long and frustrating saga involving Ally bank's Bill Pay feature. Let me preface by saying that I've been a customer for 10 years now and this is the first issue I've had, but it was a doozy! + +I'd been using Ally's bill pay feature to pay our kids' preschool each month and, until last October, everything had been going smoothly. That's when we received notice that the school had never received our October payment of nearly $600, despite it having cleared our account via bill pay. + +For those of you unfamiliar with how it works, Ally debits your bank account on the date they *believe* the check will be delivered, not the date it clears. This money goes to a third party, Northern Trust, who actually cuts the check and then mails it out. In our case, the check was intercepted in the mail and cashed by an unknown person, so the money never made it to the school. Per the check image, no one ever endorsed it, but they were able to clear it nonetheless. A dispute was filed and the police got involved because apparently this is a thing that's been happening up and down the East coast with checks mailed to schools. + +Now with a brick and mortar bank, this would've been resolved pretty quickly and you'd get your money back in maybe a week or two. Not so here since a third party was involved. After calling and emailing every two weeks for a status update, which they were less than helpful in providing, we got our money back today, 127 days after filing our dispute. Fortunately we were able to float the loss of the money for that time, but it could easily cause a lot of problems for someone who couldn't and it illustrates the importance of keeping an emergency fund. Please be careful when using bill pay and know that this is a possibility and you'd never know until your payee made you aware. + +TLDR: Our Ally Bill Pay check mailed to our kids' school was intercepted and cashed. It took Ally 127 days to restore the funds after filing a dispute. Careful out there, everyone! +All these community based and shitcoins seem like BS, but the herd here follows blindly. + +You can probably get one good coin with potential x10 out of ten bullshit coins that will pump and dump on you. + +I see this reddit as a massive field of malfactioned rocketships. + +I did get OMI from this reddit, a coin with actual use. But it's so rare to find anything good here + +I like to hodl, I have a job and a life. Not pump and dump on clueless people on your shitcoins with no real use. + +"Community Trusted" trusting other people on the net +KEKW +🚀💣 🔥**Make your Money go $YEET** 💰 💵 🚀 + +&#x200B; + +YeetToken is a community-coin first and foremost. We call it a decentralized community, meaning that the original creators of Yeet only control the Telegram; a different person controls each of YeetToken’s profiles, and yet they are all official channels. + +This is the ideal system for a community-coin. It’s still being established because we’re only four days old but the idea is already permanent and expected. Launch-time was decided by community-vote, and the future direction of Yeet will continue to depend on its community. 🚀 🔥 + + + +The team for YeetToken has established community teams in the following areas: 🔥 + + + +Cohort divisions will include: 70+ + +Marketing Specialists ( 10+) + +Community Outreach (15+) + +Web Design/Graphic Design/Video Editors (5+) + +Community Managers (20+) + +Programmers (5+) + +Writers (5+) + +Artists (10+) + + + +**This is a long term HODL, not a pump and dump.** + +Use-case is currently under development and will be announced in 2 days, alongside the official roadmap! + + + +[Gate.io](https://Gate.io) | WhiteBit | CEX Applications Submitted | First Audit Complete ✔️✔️✔️ + + + +🌱 📈👉 🌒🌊🌓📈🌕🌊🐳 + +**- No Dev Wallet** + +**- Ownership Renounced** + +**- 14,450 Holders/Contributors** + +**- 50% Pre-burn, 4% Back to LP, 2% Reflection** + +**- You are still extremely early** + + + + + +Socials:👨 💬👩💬👧💬 + +Telegram (5400+): [https://t.me/YeetTokenOfficial](https://t.me/YeetTokenOfficial) + +[https://discord.gg/jfBBRCgr](https://discord.gg/jfBBRCgr) + +[https://www.reddit.com/r/YeetTokenOfficial/](https://www.reddit.com/r/YeetTokenOfficial/) + +[https://twitter.com/yeettoken\_hq](https://twitter.com/yeettoken_hq) + +[https://www.instagram.com/yeettoken/](https://www.instagram.com/yeettoken/) + +[https://www.youtube.com/channel/UCKuCbJ9tE1ZQCcPIx\_XjwKg](https://www.youtube.com/channel/UCKuCbJ9tE1ZQCcPIx_XjwKg) + +[https://www.twitch.tv/yeettoken](https://www.twitch.tv/yeettoken) + +[https://www.facebook.com/groups/1948079135357546/?ref=share](https://www.facebook.com/groups/1948079135357546/?ref=share) + +&#x200B; + +**Website:** [**https://YeetToken.com**](https://YeetToken.com) +If you've seen the recent posts about Apex Clearinghouse pulling a reverse Uno on IRA DRS transfers then it's an indicator that DRS works. + +So follow me for a second, what if I told you all the Options DD and posts to explore trading options ATM and ITM was going to work? I repeat GOING TO WORK. + +Until they decided to pull a Reverse Uno as well.. + +On Jan 6th, after hours (AH) they pumped GME up to 29% knowing full well retail usually doesn't trade at those times then dropped fake articles about NFT Marketplace coming soon and cited "sources close" who knew. + +Big fact: GameStop ain't say shit. And they still haven't. + +Everyone got excited especially the degens at wusub. + +Price went from $121 to $176 on Jan 7th, BOOM! + +Guess what else started to also climb? This little know ETF known as XRT and it is currently 715% shorted. + +Over the next several days, GME continued to drop and trade sideways. Do you know what happens to Options when this happens? It's called IV crush (implied volatility). + +Options rely on price action movement to determine value of the options contract. This is the Greek called Vega in options lingo. + +What is Vega? According to Investopedia: + +"Vega is the measurement of an option's price sensitivity to changes in the volatility of the underlying asset. Vega represents the amount that an option contract's price changes in reaction to a 1% change in the implied volatility of the underlying asset." + +Wut mean? If price goes up very fast, Options worth many dollars. If prices goes down very fast, slowly, or sideways then Options worth less. This is volatility and options thrive on it. + +So one might wonder, why did they pump up the price then drop it? + +Perhaps because they were terrified of ALL the recent Call Option buys (betting price goes up) could destroy them AFTER the millions of puts were going to expire on Friday 1/21. + +- They want you to hate options. +- They want you to feel like you are losing. +- They want you to stick to what you know so they can control you. + +Do you remember DRS hate in the beginning? They didn't want you to know about DRS and wanted you to buy and hold knowing full well they were issuing IOUs, internalizing orders, engaging in Contract for Difference, and a whole boatload of fuckery to keep you dumb money. + +Now I'm not saying go and buy options. All I'm saying is Educate yourself on how options work and maybe you'll be able to leverage what DFV was able to do after GME dipped then exploded. + +For example, did you know you can buy/sell options as well as roll them? It enables you to essentially average down so you can get higher returns on options (if daytrading options) or lower cost premiums for ATM/ITM. + +I don't claim to be an Options expert but 80% of my portfolio of DRS'd shares is a direct result from call options trading returns. As in, buying options then selling them for profits, and buying shares. I surmise many apes in here have done the same but don't talk about it, which is understandable given the *current* attitude. + +When GME price dips, options are dirt cheap and you bet I loaded up on Friday. Share prices can only rise up so much but options can explode into 1,000%-10,000+ percent returns with a sharp upward price movement, and just like DFV, by turning a few thousand into millions. You cannot get those kinds of returns with shares, only options. + +So did DFV gamble? For the uninitiated, it would seem that way but to a trained options trader, it was a calculated risk. The same type of risk everyone engages in when buying shares, and for DFV it paid off. + +This post is running long but I hope it sheds light on options and that you give it another chance by learning how it works for yourself vs. shutting it down completely. Else if you don't care then buy in CS, hodl, and transfer to DRS applies. + +See you on the moon 🟣💎🙌 +WAGMI ♾️🏊‍♂️🔒 + +Edit: the opposition here seems to anchor on these points: + +1. If you don't buy direct GameStop, then you're not a supporter. (Strange that by attempting to accumulate AND drs more shares, I am somehow not a supporter?) + + +2. Something about TA or weekly options, which I don't even mention. (The FUD is astonishing) + + +3. Anti-MOASS FUD or belief I am against X or XX hodlers (Check my post history for supporting infinity pool, MOASS, and calling X hodlers as the Real whales which y'all are, MVP) + +If you read between the lines, these points of arguments are creating division and they are cleverly using this Options hate as a wedge. Don't let them play you. + +I have only implored those that want to gain leverage to explore and **educate** themselves on Options. No call to action, no financial advice. + +If you'd like to learn about Options Trading, there's a nice 3-part guide written by an ape, u/Digitlnoize: + +https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/ + +Edit 2: If the call option buyers in January 2021 had excercised their deep ITM call options, it would have forced the squeeze. Is this is the confirmation you need? + +The shorts would have defaulted and the brokers would have been forced to buy the shares '270 million out of 50 million available' and it would have been a Domino Bankruptcy according to this CEO of IBKR, Thomas Petterfy: https://www.reddit.com/r/Superstonk/comments/qvqqaj/is_this_sec_741_broker_liquidation_if_the_shorts/ + +Edit 3: I buy ITM, at the money, and OTM then 1-2 week out from cycles so if they delay the SLD and wait til last minute then at least I'm covered. Also, many leaps purchased too. + +The SLD cycles plus quarterly cycles hit. It's like kryptonite. + +u/pwnwtfbbq has covered this from math perspective + +u/gherkinit has covered this from options perspective + +u/criand covered this in futures DD + +All independent analysis and from different backgrounds. Its like GPS triangulation. +I wasn't sure if I was going to make a post about this or not. I had submitted a Freedom of Information Act (FOIA) request to the SEC back when details regarding the GameStop "Stock Split via Dividend" were still pretty murky. I requested from the SEC all correspondences that referenced GameStop's stock split and any details of any investigations. + +You can see the whole PDF of information they provided me here: + +[https://docdro.id/kEXFbBN](https://docdro.id/kEXFbBN) (86 pages) + +I don't want to get anyone's hopes up here. There is a whole lot of nothing going on there. + +There are many emails, phone calls and even a response from some brokers. About a dozen emails inquiring about the stock split, or making complaints against their brokers for specific reasons. One person was emailing because they didn't receive the additional shares at all. As it turns out, they sold their shares (or transferred them) before the Ex date and didn't know they weren't entitled to keep the extra shares. Ooof. + +Two or three emails went out of their way to accuse the DTCC of committing international securities fraud and one of them went as far as to provide proof of the accusations against the DTCC by linking to Superstonk and dlauer's tweets. + +In the end the SEC had it boiled down to simple canned response: + +>Thank you for contacting the U.S. Securities and Exchange Commission (SEC). The SEC's Office of Investor Education and Advocacy processes many comments from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some of the correspondence we receive is referred to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you. +> +>As you may know, on July 6, 2022, GameStop Corp announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022. As explained at [https://www.investor.gov/introduction-investing/investing-basics/glossary/stock-split](https://www.investor.gov/introduction-investing/investing-basics/glossary/stock-split), a stock split results in an increase in the number of shares of a corporation's stock without a change in the shareholders' equity. Companies often split shares of their stock to make them more affordable to investors. Unlike issuing new shares, a stock split does not dilute the ownership interests of existing shareholders. For example, if you own 100 shares of a company that trades at $100 per share and the company declares a two-for-one stock split, you will own 200 shares at $50 per share immediately after the split. If the company pays a dividend, your dividends paid per share also will fall proportionately. +> +>As explained on the GameStop website, GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTCC for allocation to brokerage firms and other participants. Tax information related to the GameStop stock split, including the share and share price accounting, can be found at [https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8](https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8). +> +>Thank you for communicating your views. Sincerely, +> +>Office of Investor Education and Advocacy U.S. Securities and Exchange Commission + +It seems that is the extent of the investigation that the SEC intends to do regarding the Stock Split via Dividend. In their eyes, the statement made by GameStop (where they say the stock split was executed correctly) is proof that the shares were distributed and allocated correctly. +Self Wealth brokerage fees are $9.50 and there is no indication its going down. Stake brokerage fees are $3, which is a massive difference. There is also Pearler who is looking to decrease their brokerage fees from $9.50 to around about between $5 to $6.50 according to this blog post by them : [https://pearler.com/learn/blog/new-products](https://pearler.com/learn/blog/new-products) + +All these three brokerage firms are CHESS-sponsored. + +&#x200B; + +Am I missing something or is there no reason whatsoever to keep using self wealth with their $9.50 brokerage when Stake is doing it for only $3. Seems kinda ridiculous the price difference that's why Im wondering If Im missing something that Self Wealth has that Stake doesn't? +There has been a surging trend lately of political discussion on this sub. This is not the place to discuss politics nor religion because opposing views are very divisive and causes unneeded conflict and tension among apes. + +So please downvote and report discussions of politics or religion if you come across any. + +Like Bruce Lee once said “be like water” Apes! +I made a good profit on the sale of one property and want to park the amount for 6 to 12 months before investing in another property abroad. With the current inflation I don’t want to just leave it on my bank account. What are relatively stable ETFs ( I know, with the current situation you never know…) that would deliver some nice dividends with a relatively low risk profile ( obviously I understand I would run some fluctuation risk)? +Edit: +Thanks all for your feedback. I decided to go for a Fixed term Deposit (6 months) at my bank, which will give me 3.6% +I was forced to post this DD because I feel like there has not been enough posts on this sub about the coming housing crash and how we should all be afraid. + +You may be asking, how I know this? + +Well, for one thing, this house in my neighborhood had to be put on sale recently because clearly no one would buy it at regular price: + +&#x200B; + +https://preview.redd.it/spf426jtykb71.png?width=1500&format=png&auto=webp&s=bdd4a8d84ee535ba09e474d94331a52ea7632dac + +Also there is no lumber shortage, as evidenced by all this lumber I recently saw (on bing images): + +&#x200B; + +https://preview.redd.it/wihtde82zkb71.png?width=1438&format=png&auto=webp&s=cdf335cdf3e0493416cd6515a670338a0056ff74 + +Plus, as we saw in during the great depression, things that are expensive always get cheaper. For example: lambos (my next DD will be about the lambo crash). Here’s a picture of mine: + +&#x200B; + +&#x200B; + +https://preview.redd.it/kav733brykb71.png?width=1920&format=png&auto=webp&s=f74d10a322448da30ee965ca1f02f8a2342f5af8 + +Now, some of you might be saying this DD lacks any technical analysis or numbers for that matter. To those I say: fuck you nerd but also I say, I got you covered: + +&#x200B; + +&#x200B; + +https://preview.redd.it/w90jm4kwykb71.png?width=562&format=png&auto=webp&s=daff2840a2ab4b50135ce8f831ebf65ac15f4923 + +As you see, this curve that represents all things, clearly shows you that all that goes up, must come down. Final question, when will it all crash and burn? Tomorrow or next year, 2040 at the latest. Any other questions? Ask your mom. + +Disclosures: + +1. I’m not a financial advisor, but I did watch Big Short for the 12th time last night and jizzed my pants while air drumming to Metallica and pretending that I was Michael Burry. +2. That house is not in my neighborhood but the sign is real so fuck you +3. The lambo is not mine, but it will be after the lambo crash of 2025. +4. Positions: I have a opened a short position on my neighbor Larry’s 3/2 1800 SF because Larry is a douchebag and who needs 2 bathrooms? + +edit: I woke up and saw all the upvotes and awards and I just wanted to say ur welcome and fuck you! +So many "genuine" people keep trying to figure out if/when ETH will crash/is crashing, etc. The most recent example I came across gave the following justification: + +"It's not from pessimism, just trying to see where we go in the short term so i can see where i can pick up cheap eth!" + +Want to know where to pick up cheap ETH? On any exchange that sells it. + +Want to know when? When blockfolio alerts you that the price is, in your mind what you consider to be, cheap. + +The veiled FUD'ing is so sad and quite tiresome. + +Get real. +ETHBTC price on Poloniex just crashed to around 0.0358 within a matter of seconds and the exchange became extremely laggy and inaccessible in the minutes after. + +So far the price on other exchanges seems unaffected, at least not to the same degree. +There have been multiple pieces of big investment-related news in the last 12 hours (META down >25% over the last day, Q3 GDP release exceeded expectations), yet there is not a single thread discussing these events on this sub. What gives? + +A sub with this many subscribers shouldn’t be this dead. Are the mods over-moderating and deleting posts? Or is the sub’s user base just that disengaged? +**Update: Decreased to [**344%**](https://imgur.com/gallery/ueesBZq) on March 16th.** + +Morning All, as part of my daily "Fidelity Share Lending" Post I check Fidelity's Margin Requirement to Short GME. Saw an unusual change and figured I'd mention it. + +Interestingly, after yesterday's SEC urging and RC's tweet; Fidelity suddenly increased their "Concentration" portion of the Rate. Total Margin Rate has been steady at [**335%**](https://imgur.com/gallery/2hYF2Wc) for sometime; but this morning it went to [**356%**](https://imgur.com/gallery/ign3N4q)... <-- Updated with 100 Borrows to maintain consistency. + +Prior with just 1 Borrow [**356%**](https://imgur.com/gallery/eQGjK99) + +Quite the timing don't cha think? 😉 + +Happy Ides of March! + +Edit: Adding a little context: + +**Fidelity**: Hey SHF, ya know them shares you borrowed? + +**SHF**: Yeah. What about them? + +**Fidelity**: Well, in regards to the Collateral you used...ya know the Securities that are tanking?... + +**SHF**: Uhm.... yeah... + +**Fidelity**: We are going to need you to deposit ~~21%~~ 6.2% more Cash/Collateral to maintain that position like right now mmm k? + +* Corrected because I can't do math. Thanks to u/DiscardedPack who discreetly let me know, but I'm a retard and appreciate the correction. Props! + +**SHF**: GUH! +Hello, for as long as I can remember I've been messaging Poloniex's support team asking them to close my account and let me withdraw my funds with no hope, they just don't reply to me at all, even though in their new terms it says if someone disagrees with the new terms they'd close their acc and send all their funds to their wallet, but they just ignore all of my support tickets. + +The money I have in my account is all I have and them refusing to let me withdraw it and having it stuck there is just completely stupid.. + +I come to this subreddit to see if any of you can help me, and potentially raise awareness against Poloniex. + +Thank you. + + +Proof: +http://i.imgur.com/qm0Milh.png +http://i.imgur.com/reJHvK0.gifv +http://i.imgur.com/ulzxi1s.png + +Ticket Number: #353242 + +Polo really doesn't care: Being Processed since 5 days 0 hours (and that's my newest ticket) +I'm totally new to cryptocurrency and decided to give it a go. + +I've seen fluctuations in the market, but this morning I noticed that almost every crypto coin 'went in red'. + + I'm not really worried, but I do wonder if this is a common occurence and what the reason behind this is. It can't be a coincidence that everything goes down at the same time? I would just like to understand.. +I transferred a good chunk of my brokerage account out from Brokerage A to Brokerage B. Within the hour, Brokerage A placed a phone call and assured me that they could match any bonus Brokerage B offered or negotiate any trading options fees or commissions. + + +Has anyone had experience negotiating down options fees, margin rates, or even getting bonuses with brokerages? This was the first time I learned about the possibility. + +What rates did you end up getting, if so? +Don't get me wrong, I love wrinkle brains that can analyze the shit out of seemingly unrelated factoids and generate some crackpot theories about GME. However, I'm really tired of seeing these giant self-conceited posts about how you "calculated" exactly when things will start to moon, and I'm convinced it's just a bullshit attempt at farming karma while gambling on being right to just pocket an "I told you so" card redeemable infinity times. + +In the last 12+ months, there is one thing that we have learned beyond the shadow of a doubt... We have no fucking clue how this stock is going to behave, nor can we even fathom the depths of hell these fucktard hedgies are willing sink to in order to conjure more fuckery to kick the can and protect their stolen wealth. All the bullshit predictions do is discourage people from hopping on the DRS train out of FOMO thinking their shares will be stuck in limbo while they should be cashing out. In reality, when we do moon it probably will take weeks to wind up and even longer to unwind, so the odds of bagholding are low. But still, cut the shit. Shut up, be humble about your market knowledge (because it doesn't fucking apply here), and enjoy the ride with the rest of us. +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 keep seeing articles online about a surge in demand for property over summer in most cities, however when I have been inspecting rental properties in Kew, Melbourne, there were rarely more than half a dozen other prospective renters present - often less. + +Many homes are dropping their advertised price to match the demand, and the unit I ended up securing is at a 2016 pricetag for renting. + +What's the deal? What's happening where you live? +Feel free to skip the oncoming soapbox; generally, I'm curious if any one else is struggling with finding a lifestyle balance in pursuit of their goal of wealth-building. + +Personal background: I'm currently a senior at an Ivy-level college. I kind of came in with no clue what I wanted to do, but have since settled on a freelance writing career while living abroad in LCOL countries (Thailand, Cambodia, etc.). After stumbling across this sub about six months ago and educating myself in personal finance, I've determined that I would like to achieve a state of Financial Independence in my mid-30s so I can focus on building a family while also having time to whole-heartedly engage in my passions (music, writing, etc.) + +In my short-term pursuit of this goal, I've been focusing on increasing my net worth and completely paying off my student loans ($18k) by the end of next summer. I've been pretty successful, and have increased my net worth by about $5k in these past few months. + +However, I've found it incredibly hard to do this on an emotional level while trying to complete school. Most of my time and mental energy are focused on paying off my debt and earning money. As a result, I'm finding it tremendously difficult to complete my schoolwork, my social and dating life are almost nonexistent, and I've been suffering a lot of anxiety and depression. + +I find it hard to justify things like going out, buying drinks, paying for dates, getting Ubers, when I keep my goal of increasing my net worth and paying off my debt in mind. However, these things are basically a requirement to build relationships with my peers - and I've been feeling isolated a lot. + +Clearly, I need to make some sacrifices for the sake of my health. My mind changes every day about whether I'm going to drop out and get a full-time job so I can reach my career and net worth goals (my Economics major is kind of irrelevant to my intended career path), or if I should sacrifice my goal of paying off my debt and instead commit to finishing school and building relationships here. + +Right now, I think that I'm going to choose the latter option and cut off a lot of my money-earning commitments so I have more time to focus on finishing school and having some final fun college-experiences. + +It really hurts me to think about spending another year on the wrong side of compound interest, but I feel a quality lifestyle may be worth the trade-off. + +Does any one find themselves in a similar situation? How do you find your balance? + +**EDIT**: I meant for this to be a more general thread, but really appreciate the personal responses. They've been really helpful. + +Hello everyone. I have a somewhat unique situation coming in 2020. The parents of my deceased wife live in my former property. I only own the one property. I live in a rental and have subsequently re-married. My spouse owns no property. We have no plans to purchase another property. + +Is it possible for my in-laws to gift me monies up to the $15,000 dollar limit order rather than report the money as income on my 2020 tax, a.k.a rental income? We plan to use the standard deduction for married couples when we file in 2020. Our itemized deductions would not approach the standard deduction hence the reason I would prefer to report the monies as a gift. + +I attempted to research the rules governing this scenario, but tax law was never my forte. I am also unsure of the implications from a rental perspective. They have signed a rental agreement if that matters. Thanks in advance for the help. +I've successfully budgeted moves to new places as a renter, but moving to a new house that I own has been an endeavor that has completely blown my budget in a truly epic way. As a cautionary tale for prospective homebuyers, here are my surprise expenses from the last month for my old (1920), but renovated and move in ready house. These are not ALL my expenses, but just the stuff I ended up spending money on that I did not plan for. + +(1) Small surprises: +Plumber to check on some minor leaks +Electrician to evaluate some weird outlets +Lawn management stuff: lawn mower, weed wacker, round up, rake, shovel +Junk removal +Structural engineer to evaluate a scary crack on detached garage +De-humidifier for basement + +(2) Stuff I didn't need and didn't budget for, but felt compelled to buy in my new-house excitement: +Plants for the garden and landscape +Outdoor furniture +Some lovely (but totally unnecessary) pieces from our favorite used furniture store + +(3) Here is the list of crazy expensive, emergency fund busting expenses currently on the table: +New roof (insurance underwriters have liked the roof a whole lot less than our home inspector did) +At least 2K in electrical work due to some, ahem, super fun surprises + +People getting ready to close on a house: Be smarter than me! Double your moving budget and be ready for the unexpected. + +edit: Line breaks + +Edit 2: many have suggested we should have gotten a home inspection--which we did. There are several repairs that came out of that home inspection that we either had the seller cover or budgeted for ourselves. We also have a home warranty. What I've posted about here are the things I failed to budget for--either because I'm an idiot (hello... lawn care!) or because the issues were surprises. + +Edit 3: hey! Someone gave me gold! Can I monetize that to offset the cost of a new roof?? (But, that's nice! Thanks!) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I've written a few posts here about solar panels. I release all the data from ours daily at [https://gitlab.com/edent/solar-data](https://gitlab.com/edent/solar-data) + +I saw a news article saying that [solar panel payback was in the order of 4 years.](https://inews.co.uk/news/home-solar-panels-pay-themselves-four-years-energy-bills-1796274) So I thought I'd crunch my own data to see if that was likely. I think that estimate is a bit generous. + +We have 5kWp of solar panels on our roof. The panels generate about 4,200kWh per year. Mostly in summer, but a decent amount in winter. + +Over a year, we export about 2,800kWh which is sold back to the grid. + +Octopus have an Agile Export tariff which pays us based on the half-hourly price for electricity. We get paid an average of about £0.22 for every kWh we export. That's about £600 per year in *tax free* income. + +We use about 1,400 kWh directly from our panels. When the sun is shining, we don't buy electricity. Assuming electricity prices of £0.30 per kWh, that's a saving of £400. + +We earn £600 and save £400. That's a total yearly "income" of **£1,000**. + +The average installation of domestic solar panels is - very roughly - £5,000 to £8,000. You might find a group-buy scheme which does it for less, or you may have a really awkward roof and find it costs much more. + +So, *at the current prices* solar panels will pay for themselves in \~5-8 years. + +If electricity prices rise, and export prices also rise, that timescale will drop. + +If electricity prices fall, it will take longer to pay back. + +If the price of solar installation continues to drop, it becomes a no-brainer to get solar installed. + +Given another 20 years of generation, that could turn a healthy return on investment. + +There are no on-going maintenance costs with solar panels. The panels are usually guaranteed for 25 years. It is possible that the inverter needs replacing (usually guaranteed for 10 years. Cost of a few hundred). And, like any electrical installation, things can break. + +I should note that we have 2kWh of batteries. That will affect the ratio of how much electricity we use and export. It also adds to the cost of installation. + +It is worth shopping around to see if anyone offers a higher payment for export, or a lower price for import. + +Solar has high upfront capital costs. Not everyone has £6-8k laying around. But if you can afford panels, they can dramatically reduce the amount of money you pay for electricity. +Batting around the idea of buying my parents a Model 3 next year. + +To those who have done something similar, what are some intricacies you should be aware of before doing something Iike that? + +We're in Canada, if that matters! +This will fly. No whales 🐳 at all check the links. LP has been locked check the link and ownership burned! Check the link. This is a legit moon shot to sit back and enjoy. Come join the telegram and see the community. + +Let’s go! MoonRide to the moon! 🙏 + +No Presale! Fair launch 🚀! No Dev Tokens! Everything you want to hear! Let’s go! 🚀 + +🔥 LP Burned & Ownership renounced + +🐳 Anti RUG & WHALES. + +💪🏻 Early, Easy Pumping | Community Launched + +💵 LP tokens have been locked thereby shutting the initial liquidity away for safety. + +💻 Fair distribution. + +🌀 Slippage > 10% + +💸 Contract: [https://bscscan.com/address/0x513b31b348e6235f6660eba096dc7ad38cf38c22](https://bscscan.com/address/0x513b31b348e6235f6660eba096dc7ad38cf38c22) + +🚀 Buy on PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=tokens/0x513b31b348e6235f6660eba096dc7ad38cf38c22](https://exchange.pancakeswap.finance/#/swap?outputCurrency=tokens/0x513b31b348e6235f6660eba096dc7ad38cf38c22) + +🔥 BURN LP: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x05Ea5e4f9C9F22d984F15d8207c3fe3c90A3F844&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x05Ea5e4f9C9F22d984F15d8207c3fe3c90A3F844&type=lplock&chain=BSC) + +🧑‍💻OWNERSHIP RENOUNCED: [https://bscscan.com/tx/0x75526922d4b91bd642cef79bcc79bca52ffadad5c1ad56453f448d3f2e722e4f](https://bscscan.com/tx/0x75526922d4b91bd642cef79bcc79bca52ffadad5c1ad56453f448d3f2e722e4f) + +📈Charts: [https://charts.bogged.finance/?token=0x513b31b348e6235f6660eba096dc7ad38cf38c22](https://charts.bogged.finance/?token=0x513b31b348e6235f6660eba096dc7ad38cf38c22) + +💘 Telegram: [https://t.me/MoonRideCoin](https://t.me/MoonRideCoin) +Created by our fellow FI redditor /u/iamlindoro who actually followed the FI sidebar rules and didn't post himself. I'm impressed. + +Worth checking out: +https://www.theearthawaits.com/ +For those of you who are Fat and have built custom homes for themselves, what did you end up spending on a per sq. ft. basis inclusive of all costs (architect/design, permitting, construction, etc.) but not including the land or furnishings? Trying to set expectations for what to budget for a high quality build in a HCOL city in 2022. Budget isn’t unlimited, but want to do it right and not cut any corners. + +Obviously costs varies greatly by site specifics, finishes, etc. but I’m hoping to get some input from others who have been through this process. + +We’re starting the process to build a new single family detached home on an existing lot we own in a HCOL city. (approx. 3k sq ft. home on 4.1k sq ft lot). We’re starting to interview architects now. + +Any advice or first hand experiences are much appreciated. +And anything you finally rewarded yourself with that you found out that just didn't really do it for you in the end? + +My own answer is that I've been repurchasing a lot of music I listened to on the radio and home made mix tapes on my old car stereo now that I have a good sound system. I'm really enjoying discovering a lot of what I had missed listening to these songs 20+ years ago. +For all of you geniuses out there who have made a successful model, did you webscrape for text information from news articles to add as features? If so, what module/program did you use? + +Its easy enough to grab last night's headlines, but to make a model I'd imagine you'd need years of historical news article data. +I have algorithmatized my strat, backtested, walk forward tested a couple different ways and monte carloed everything at every stage and it all says I’m going to make money. I have live traded it on a sim and it seems to be performing within expectations (albeit only a week so far) I even ran it live a bit while staring at it, seems to work. + +For anybody who has turned one loose, what was your final test or exercise you did that made you feel confident enough to let it work unattended? I feel like I could be missing something…. +I've recently gotten into gambling on penny stocks. From my brief time studying them, it seems that the ol' "pump and dump" idea is pretty important, not just theoretical. So I got it in my head that maybe I can write something to predict when this is happening. Maybe it's not really possible to predict, but I'd love to learn more about it anyway. I am sure it's not a novel idea, so I am pretty sure there should be good resources out there. I was wondering if you kind people could point me in the right direction? + +PS: I tried posting this is the "Noise questions" post, but it seems to be locked? I couldn't figure out how to post in that thread. I will move this question over there if y'all think it belongs there. I'm hoping it's okay since it's a more specific question than "how do I start". +I am pretty new to trading, just working on my first algorithm now, and I have limited funds. I came across proprietary trading, where after a trial period to prove yourself a firm will give you capital to trade with in exchange for a cut of the profits. It looks like it could be a good way to get started making money if I am able to create a profitable algo trading system, but lack the funds to trade it properly. + +&#x200B; + +Does anyone here have experience with prop firms? What should I look out for when choosing a firm? Are there any hidden dangers in this type of situation? +**"IOU's goal is to be one of the leading digital transaction processors in the booming cashless economies of South East Asia."** + +IOUpay is a mobile banking service that provides e-wallets, payment processing, and bill payment services throughout South East Asia, both for the banked and unbanked. Allowing individuals without traditional bank accounts access to pre and post paid billing services, as well as engage in traditional commerce and e-commerce transactions for general goods and services. According to IOUpay - approximately 200-300 million people in South East Asia either have no access to banking facilities, or are underbanked, relying on their phones for daily interaction with the internet, and therefore a majority of their banking. + +There has always been a significant issue with underbanking in South East Asia, with limited options for credit and other banking services. South East Asia is also one of the fastest-growing internet economies. Combine that with the fact that around half the population are under the age of 30 and you have significant room for e-commerce growth long-term. + +IOUpay is already one of the largest digital transaction services and payment processors in Malaysia, with recent acquisitions and agreements putting them in a good place for significant growth in to other South East Asian countries, and in a healthy position to capture some excellent market share of the predicted US$1 trillion in digital payments expected by 2025. + +**Share Price** + +* Last close - $0.44 (up 183.87% for the week) +* Market cap - $198,212,109 +* Shares Issued - 450,482,065 + +**Management** + +* CEO - Khong Kok Loong + * 30 years experience and relationships in the South East Asian tech sector + * Most recently Technical Director of Malaysian national payment gateway operator IPay88 + * Proven track record in fintech platform and product development and strategic commercial development +* CFO - Kenneth Kuan + * 20 years commercial and corporate law, finance industry management, regulatory compliance, and mergers and acquisition experience from Malaysia, South East Asia and Australia + * Bachelor of Law (LLB) Hons (1997) from University of South Wales, United Kingdom. + * History as Head of Credit and Receivables with largest Malaysian publicly listed non-bank finance company AEON Credit Berhad + * Was a senior consultant with Ernst & Young Malaysia +* CTO - Lau Teck Huat + * 22 years of system integration with network management and complex problem solving. + * 16 years integrating and managing front and back in systems in the stockbroking industry + * 6 years as CTO of financial data and terminal provider DZH International + * Head of System and Network Infrastructure of iPay88 where he worked with the CEO of IOUpay for 6 years + * Has worked closely with all major e-wallet and digital cash providers in South East Asia including Grabpay, Alipay and WeChat + +**IOUpay Platform** + +The platform itself has two main pillars - Mobile banking and Digital Payments. Focusing on the following six containers to drive growth. + +* Secure communication + * Originate new customers + * Data driven product offers and marketing campaigns + * Secure and scalable +* Credit Scoring + * Pre-approved limits and individual payment approvals +* Customer onboarding + * Existing customer engagement and new customer acquisition +* Bill Payments + * Purchase and resale of inventories (prepaid airtime and internet data, electricity, water, parking, insurance) +* Processing purchases and payments + * General goods and services + * E-commerce + * In-store products and services +* Account debiting + * Merchants and consumers + * Checking and savings accounts + * Credit and debit cards + * E-money payments + +Benefits to consumers include easy access via internet and phone applications, available to anyone with a phone so it's easy for the underbanked or unbanked to utilise, it's fast, and it's cost effective. + +Benefits to brands and merchants include seamless integration, low cost, secure, access to credit data and, increased merchant sales growth as it provides seamless engagement. + +&#x200B; + +**You'll notice up until this point I have not mentioned their Buy Now, Pay Later service, which has only recently been announced and is yet to be fully rolled out.** + +&#x200B; + +December 2020 Quarterly Report & Business Activity Update Highlights (29/01/2021) + +* Acquisition of Malaysian Money Lending Licence required to operate BNPL services +* BNPL processing capability and large scale distribution channels secured with merchant services agreements signed with two of Malaysia's largest payment gateway providers and a leading bank +* Core platform capabilities for BNPL rollout successfully completed +* BNPL Platform modules for merchants and customers completed +* BNPL signed merchant rollout plans underway with soft launch commencing in Feburary +* Mobile banking revenues up 85% for the quarter + +(as well as other highlights - document available via their website or ASX News) + +**The Recent Rocket** + +This week IOU shares rocketed with news it had entered a merchant referral agreement with EasyStore Commerce. EasyStore services more than 7000 merchants across Southeast Asia. A recent article on The Market Herald has also highlighted that it is looking towards the soft launch of its BNPL service in February and March in Malaysia, with expansion into additional South East Asian markets to continue from there. + +**TLDR** + +Prior to the announcement of the acquisition of a Malaysian Money Lending Licence and the upcoming rollout of its BNPL service IOU had been trading in the $0.13-0.20 range. The announcement of BNPL services of course caused it to surge. But IOUpay is much more than just a BNPL company. It's providing a mobile banking service to a young, up and coming internet economy, in an underbanked environment with plenty of runway for economic growth. + +&#x200B; + +**Disclaimer**: I am not currently invested, I was intrigued by the surge in stock price and thought I would investigate. Would I invest right now after the recent stock surge? Probably, I'm a degenerate after all. But regardless I do think mid-to-long term IOUpay is one to watch. + +&#x200B; + +What are all my fellow autists and degenerates thinking? +Long time lurker and long shot (throw away account for that reason). + +My wife and I are both doing financially great. We are not FATfire yet but on our journey. We are both in our thirties and not having nor planning to have kids. We enjoy our life, food, wine, culture, lifestyle, travel and so on. We both have no strong ties to people back from our universities. We are currently living in Munich, Germany and plan to stay for another couple of years. We are not flashing our financial well-being much. + +We, however, struggle to meet like-minded people with similar interests with whom we could explore and enjoy things together. + +How do you guys find interesting and kid-less people apart from family? We do not just want to approach random people on random events. + +Thanks for your replies. +One thing I am curious about is the impact that a single decision or pivotal moment has on a journey to FatFire. As I read the sub it seems like for most people, even those who rely on consistent savings vs. IPO / liquidity events to drive net worth, there are pivotal moments in your career or life that affect the FatFire journey. For me, consistent saving and indexing has certainly helped but I have made a couple of decisions that have accelerated or derailed my FatFire journey. I think consistent saving is the most important factor in achieving a FatFire lifestyle, but absent a few good choices I would not be where I am today. Mine are below for those who are interested. + +Restrainer - not fully researching an opportunity before jumping in and buying a franchise. Long story short, in my younger years I wanted to 'be my own boss' and bought a franchise. I did very little due diligence and trusted a couple of folks who were also running franchises that I did not know well. It was not an unmitigated disaster (eventually got my capital back) and was a great learning experience but it certainly set me back as I didn't have an income for a couple of years, did not save, had stagnant capital growth, and had a few serious personal side effects that took years to recover from. I certainly learned to do my due diligence. All in all this probably cost me $400-$600K in lost income and capital stagnation. + +Accelerant - transitioning from Consulting to Private Equity. I massively accelerated my comp growth, investing capabilities, and happiness by changing careers. It was a significant bet as I was very senior in the consulting world and was taking a step backwards in title and compensation, under the belief that I would accelerate again. It played out as expected and my income now is well above what it would have been in consulting as is my net worth. This single decision has easily tripled my net worth in the past seven years and seen a 4x or so growth in annual income. It has also positioned me to continue to succeed in the future, with further income and net worth growth. + +While I likely still would have fatfired in my prior career, the decision to leave and take the risk put me about a decade ahead of where I expected to be at this point in time. +Saving money for specific things/occasions is much easier for me when I can put cash into envelopes, and I’m wondering if there’s a trusted app one could use to do this instead of running to an ATM or using up envelopes. + +I tried doing this with my bank (B of A) and kept getting charged for not having a minimum amount in the savings account each month, so I’m trying to avoid that part, too. +Their actions caused financial damages to the company and hundreds of thousands of retail investors. + +https://preview.redd.it/ueclgflr3t791.png?width=648&format=png&auto=webp&s=c2deafe468b85c4f2ba839b05772e909eeb5b1de + +https://preview.redd.it/5h4yltmv3t791.png?width=654&format=png&auto=webp&s=cd0ca8b486fb05461974cde1749a80c5cb5d8e3e + +The Report also confirms that APEX Clearing did this outrageous move because they received information that they COULD be requested a large collateral deposit by the NSCC, on January 28 2021, of only 1B$ - and the 3 stocks represented 90% of that deposit requirement. + +More, the report states that the information received by APEX was anomalous and in fact, such a collateral request wouldn't have been required intraday, and only the following day. + +https://preview.redd.it/ibu08dde5t791.png?width=646&format=png&auto=webp&s=5287cbf484852877612dd60ca892a32132f5eb2b + +So in conclusion, the price of GME was killed just because APEX (among other actors) was AFRAID of a potential collateral deposit request it could face. +1. Price doesn't matter until the squeeze has been squoze. +2. The best time to buy GME was 2 months ago, the second best time is NOW. +3. Buy shares, not options. Invest only the money you can afford to lose. +4. Don't fall for FUD. Any account can be a shill/bot, even the ones created before January. They are PAYING users to spread fear and enroll you to post negative comments/posts. +5. GME has been and will always be the only play. Anything else is a distraction to limit the impact GME can have. (Yes, even RKT). Never will the planets align this perfectly again to trigger the biggest short squeeze of your lifetime. +6. The most important point : Don't sell. Supply and demand : you have something they want, we all do. So YOU set the price you want. And the price can actually go up to infinity. This is going to be the biggest transfer of wealth the world has ever seen, don't ruin it being a paper hand and selling low. +7. Hold. Hold. Hold. Selling at 1k is trolling. They want you to sell at 1k, that's why they keep spamming comments saying they put stop limits at 1k. 1k is lowball. 1k could just be a gamma squeeze. 10k is lowball. +8. As stated by u/Polihanna, the squeeze will last multiple days. Don't be afraid that it lasts a few seconds and you'll miss it. You won't. +9. Don't day-trade GME. It's extremely volatile, and you actually help them by selling shares that they can buy for cheap. You delay the squeeze and reduce its impact if you day-trade. +10. THIS IS NOT A GAME OF GREED. IT IS A GAME OF TRUST. + +&#x200B; + +100K/SHARE MINIMUM. (And that's only a checkpoint). + +&#x200B; + +Don't get caught in their FUD, they are trapped in a corner and are doing everything they can, legal or not, to limit their losses. Finish them. + +Most importantly : I will not sell under 100k. This is the play of a lifetime, this could change my entire life, I could buy a house, and help others. I'm not ruining my only chance. + +**💎🖐** **🚀** DONT SELL UNDER 100K **💎🖐** **🚀** + +This isn't financial advice, but only my opinion. Do your own research. Am not a financial advisor, just a retarded ape, no wrinkles. + +&#x200B; + +EDIT1: Added point 9. + +EDIT2: Added point 3 as a separate point, as suggested by u/cordelaine. Also added point 10. + +EDIT3: Added point 8. +It's Not uncommon for the actual short interest to be **50% to 150%** higher than what is reported \~ Wes Christian + + +I just wanted to point out this line from the AMA because if this expert who has investigated these cases of over shorting and Dave Lauer point this out as a non-surprising fact, imagine how bad it must be when you report an over 100% short interest in a stock. + + +There has already been numerous good points in the AMA and I highly advise everyone to watch this AMA, but I just wanted to throw some extra attention on this +Every single line of Bitcoin code written by "shadowy super coders", who contribute their precious time and inspired efforts voluntarily without a guaranteed salary, is open for the whole world to access, scrutinize and propose changes to. + +However, whose tax dollars keep paying for champagne tree-hugger Elizabeth Warren's sneaky private jet excursions remains shrouded in mystery. + +[Climate activist Warren hides behind staffer after being caught on camera getting off a private jet](https://i.redd.it/4kisp696gie71.gif) + +Now if we were to pay our taxes in Bitcoin, through a public blockchain, we would be able to tell exactly whose tax money is paying for Warren's climate-destroying charter flights. + +[Corrupt politicians? Bitcoin fixes this.](https://preview.redd.it/tp0rwr4agie71.jpg?width=850&format=pjpg&auto=webp&s=530d6c2016989c5bb0448be2dde65e1ca3ef7486) + +Warren grew up a dyed-in-the-wool Republican. She was registered as a Republican until 1996. Sure, people are allowed to change their minds, even at 50, or perhaps, she recognized that she'd have more political attention and a better political career by preying on populist working-class sensibilities. + +Throughout her political career, Warren has been funded primarily by big tech, owned by billionaires and beneficiaries of the banking system she continually purports to rail against, although curiously, you will find, to little ultimate effect. + +During her 2020 presidential campaign, Warren vowed to shun high-dollar fundraising events after transferring $10 million in high-dollar contributions from her 2018 Senate campaign to fund her presidential campaign. She also reversed her position on rejecting super PAC support after realizing that it was hurting her campaign. + +The Bitcoin code enables humanity to take our economic fate away from the hands of a powerful few and leverage blockchain as an open, trustless, permissionless, decentralized monetary network to democratically create, distribute and exchange value. + +Bitcoin liberates every man from the whims of other men. + +If Warren had a legitimate interest, as she claims, in dismantling a system that consolidates wealth and power in the hands of a few, she'd be all over Bitcoin. + +But it's all pretentious parasitism. A ruthless Janus-faced ruse to raise political support from the majority by feigning concern for their cause, all the while aided and abetted by the powerful few. + +The carefully crafted perception that Warren fights for the common man allows her a position of authority she exploits to keep the common man intellectually and rationally credulous to disinformation, furthering furtively the interests of the beneficiaries of the fiat pyramid scheme. + +[Whose hands do we entrust with the fate of our financial system? \(H\/T Lina Seiche\)](https://preview.redd.it/4d6ieikegie71.jpg?width=2048&format=pjpg&auto=webp&s=7d04e9afa6008034efb5fe5b4e207f7a5e1dc987) + +**Edit:** To address misinformation coming in from accounts that are here to brigade, + +Bitcoin is open-source software collectively hosted by a pure P2P permissionless network. There's no scope for any shadowy elements in Bitcoin. + +The wealth distribution is admittedly far from where I'd personally like it to be. But it's heading in the right direction. The game theory embedded into the protocol ensures that it does over time. + +Most of the large wallets holding greater than 10 basis points of the total supply [here](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) are exchange wallets. Decentralized exchanges are still a fair way from being as efficient as centralized exchanges. Hopefully, one day they can be, allowing every user to take ownership of their keys at all times. +Title summarizes my dilemma but my 16 yr old was a life guard last summer. He did his own taxes using TurboTax free back in Feb and mistakenly stated he was not a dependent. + +Fast Forward to me doing my taxes... I use TurboTax Premier and when I E-File it gets rejected with the message. A Dependent SSN in the return must not be the same as the Primary or Spouse SSN on another return where 'PrimaryClaimAsDependentInd' or 'SpouseClaimAsDependentInd' is not checked + +I already owe quite a bit so simply removing him increasing my amount owed by an additional $2K so I'm keeping him in. since the IRS is unavailable for calls, I am assuming my only option is for him (me) to file an Amended return answering the question correctly and mail that in (which will take weeks if not months)..... + +Is that the correct and only course of action at this point? + +Thank you in advance + +&#x200B; + +UPDATE: ISSUE SOLVED / QUESTION ANSWERED. Thank you for all the feedback The consistent approach is for him to amend and mail a 1040x and for me to file normally but via mail instead of e-file. I will do that and appreciate the responses and information. +Hello and good morning to all you wonderful Apes and Apettes! + +With rumours of Marge a calling in the air, something just feels different this morning; so I'm taking the plunge to post this checklist on a weekday instead of this weekend. Be aware that this is non-technical in nature and a very long post, so you might want to open in a new tab if you're better off getting ready for work. TL;DR in meme form at the end! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +There are *responsible* things you need to start thinking about before, during and after the rocket takes off. Why? Because people who are known to have $$$ (e.g. announced they won the lottery) have grandkids kidnapped and threatened and worse. Some winners are killed. You probably want to read [this](https://www.ar15.com/forums/general/-/5-749519/?page=1) (<- is OG source; reposted on [Reddit](https://www.reddit.com/r/AskReddit/comments/24vzgl/comment/chba4bf)) and start taking it seriously. Yes it's long, but don't worry, I summarized... but then needed to add good stuff so it's still long! Sorry, not sorry! This is **IMPORTANT.** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Before Rocket Launches + +ONE. ⚠ **Don't tell anyone you haven't already** ⚠. Anoymity is your first and best defence. Be the millionaire next door that no one realizes is a millionaire. A Lambo, other than a rental experience, does not help here. + +Have a look at this 20s video: [https://www.reddit.com/r/Superstonk/comments/n1t3xo/this\_is\_how\_i\_picture\_the\_mods\_when\_a\_particular/](https://www.reddit.com/r/Superstonk/comments/n1t3xo/this_is_how_i_picture_the_mods_when_a_particular/) + +This was an attempted kidnapping. Would you be able to respond like that? Would your spouse? Your kids? Do you want to live in a mindset where you need to be constantly aware of a building's entries, exits and where your back is facing? Proper security for **known** ultra-high net worth people includes things like bullet proof armored Merc with entourage picking up kids from school, significant home security, alarm dog, personal weapons and people watching (behaviours). + +Starting to get uncomfortable? Good. Now go read that first link in the post you skipped. + +Apes have reported getting 'offers' like: "I am sending out free headbands - just fill out the form with your info and I will mail it out!" - This is a scam. Giving them your info tells them a) You fall for this shit b) Your name & address and c) That you likely own shares. None of this is consistent with rule #1. + +Free Superstonk stickers or purchasing MOASS items from anywhere online other than GameStop also falls under this 'offer'. Even if the vendors are legit, the info can be sold to a 'marketer' or hacked. + +Have you been threatened? Report it! But Apes also have your back: [https://www.reddit.com/r/GME/comments/mcwdi1/fear\_for\_safetydeath\_threats/](https://www.reddit.com/r/GME/comments/mcwdi1/fear_for_safetydeath_threats/) + +&#x200B; + +TWO. Did you break Rule #1 before you knew it? + +Figure out a good line \~> "I sold too \[soon/late\] and missed the peak, but I made enough to pay off my car and mortgage" This is good because it is understandable and likely to be true - the "*and never work again*" is silent. Practice telling it to the mirror because you want it believable. + +Does your Reddit Avatar look like you? This is an easy fix. + +&#x200B; + +THREE. BROKERS: Add your kid(s) or parents to your brokers' " account beneficiary" list. Check out your broker's sell limitations ([https://www.reddit.com/r/Superstonk/comments/ml2lnw/28\_and\_counting\_brokers\_and\_their\_sell/](https://www.reddit.com/r/Superstonk/comments/ml2lnw/28_and_counting_brokers_and_their_sell/)). + +Make sure you're not using a broker that had issues in January. Yes, the day after in Jan was the best time to transfer, but I personally wouldn't trust RH not to choose a nice sub-1k price to sell my shares at. Check the agreement - I've heard that they have a clause that lets them sell without your permission 'To protect' clients... Here's the reference you need: [https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + +Consider printing out records and receipts. PDFs are good, but paper may be better. This is your proof you own shares on a given date in case of ultimate fuckery (not an excuse to stay with RH!). + +&#x200B; + +FOUR. Time to level up your IT security game. + +[We follow the Red Queen!](https://preview.redd.it/iawt09gp7vy61.png?width=416&format=png&auto=webp&s=1bfb168406f79d4ec2a8933e76572e2281a7e136) + +Make sure you have 2FA or MFA enabled for your important accounts. + +What's a VPN? It protects your IP (which tells people your general location) and encrypts your data so 'people' who may be trying to listen in can't see your info. + +[https://www.reddit.com/r/Superstonk/comments/n38nw1/ysk\_what\_a\_vpn\_is\_and\_isnt/](https://www.reddit.com/r/Superstonk/comments/n38nw1/ysk_what_a_vpn_is_and_isnt/) + +[https://www.consumerreports.org/privacy/how-to-choose-a-vpn-for-digital-privacy-and-security/](https://www.consumerreports.org/privacy/how-to-choose-a-vpn-for-digital-privacy-and-security/) + +[https://www.pcmag.com/picks/the-best-vpn-services](https://www.pcmag.com/picks/the-best-vpn-services) + +[https://www.reddit.com/r/Superstonk/comments/ndv72x/guard\_your\_identity\_you\_fools\_how\_to\_prevent/](https://www.reddit.com/r/Superstonk/comments/ndv72x/guard_your_identity_you_fools_how_to_prevent/) + +Don't re-use Passwords. See this comic for good ideas: [https://xkcd.com/936/](https://xkcd.com/936/) + +Make sure your browser (Chrome, Firefox etc.) is up to date. Chrome has had a number of 0d attacks in the past couple of months. Make sure your OS (e.g. Windows) is fully patched too. + +&#x200B; + +FIVE. Power to the Players! Voting & Reporting is the filter for the HiveMind - whenever you upvote good content and downvote or report inappropriate material, you are making a difference and making this sub a better place! + +&#x200B; + +SIX. Start researching likely Lawyers and Accountants you will use post squeeze. You want BIG firms who will have no idea who you are, other than their paycheck. Fee-based, not commission based. + +Lawyers (Trusts and estates, wealth management, and tax law) and Accountants (of the tax or personal type) should not be local (unless you live in a capital city) - they should be used to dealing with the figures you will have. + +This is a useful post with more info - US based, but a lot can be translated to other countries: [https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass\_an\_indepth\_examination\_of\_financial/](https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass_an_indepth_examination_of_financial/) + +&#x200B; + +SEVEN. Write a will, or at least start thinking about it. Also look into revocable living trust and charitable remainder trust. A will is cheap to create, but you get what you pay for. Make sure your documents follow your local rules about how they need to be prepared. You want to get it right the first time. + +&#x200B; + +EIGHT. Figure out your likely tax rate and write it down. + +&#x200B; + +NINE. Write down your exit strategy. Yes, I mean on paper. Psychology says writing things down helps you remember things. Maybe even make it like a contract with yourself to prevent paper handing. Consider selling SLOWLY, and I mean FUCKING SLOW. Don't Leroy this on us. + +Here's two important DDs on a non-Reddit site that you could leave open in new tabs: [https://web.archive.org/web/20210309074023if\_/https://www.reddit.com/r/GME/comments/m073v6/exit\_strategy\_dd\_a\_comprehensive\_guide\_to/](https://web.archive.org/web/20210309074023if_/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/) , [https://web.archive.org/web/20210319103103if\_/https://www.reddit.com/r/GME/comments/m0r4kg/gme\_exit\_strategy\_here\_is\_what\_i\_not\_we\_i\_am/](https://web.archive.org/web/20210319103103if_/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/) + +Other references from Rensole's 4/20 daily post: + +[https://www.netpicks.com/trading-exits-vital/](https://www.netpicks.com/trading-exits-vital/) + +[https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp](https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp) + +[https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208](https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208) + +[https://www.jumpstarttrading.com/trading-exit-strategies/](https://www.jumpstarttrading.com/trading-exit-strategies/) + +&#x200B; + +TEN. Figure out which stocks you like less than GME, but would want to buy if the stock market happens to go onna fire sale when GME makes moon trip. Boring Boomer things good here. e.g. Vanguard Index Funds. Best bet is things that go down lots but still decent companies. Don't buy Apple if market is down 30% and Apple is down 1.3%. The FIRE guys at [r/financialindependence](https://www.reddit.com/r/financialindependence/) are boring but have good advice. Other 'interesting' subs include [r/dividends](https://www.reddit.com/r/dividends/), [r/fatfire](https://www.reddit.com/r/fatfire/) and [r/bogleheads](https://www.reddit.com/r/bogleheads/). + +&#x200B; + +ELEVEN. Figure out how much you need to put aside to live on its interest. Here are some good resources: + +[https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/](https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/), + +[https://www.reddit.com/r/GME/comments/mhetrj/exit\_strategy\_planning\_for\_getting\_passive\_income/](https://www.reddit.com/r/GME/comments/mhetrj/exit_strategy_planning_for_getting_passive_income/), + +[https://www.reddit.com/r/GME/comments/mefwc7/what\_to\_do\_with\_your\_tendies\_from\_a\_financial/](https://www.reddit.com/r/GME/comments/mefwc7/what_to_do_with_your_tendies_from_a_financial/) + +&#x200B; + +TWELVE. Start writing down what you want to do after. e.g. Big # minus taxes, minus your new retirement fund, then figure out percentages for the remaining. How much to family? How much to charity? How much to cool stuff? How much to reinvest in GME? + +&#x200B; + +THIRTEEN. Start thinking about what you want to do in the future. Like, 2 years in the future after you've finished partying. Typically, humans like to have a purpose. Do you want to start a biz? (Warning! Lotsa work! Recommend this book: [https://fixthisnext.com/](https://fixthisnext.com/)) Work for a Charity? Change politics? + +&#x200B; + +FOURTEEN. Look into identity theft protection measures. Check out the content from Michael Bazzell - How To Dissapear Online and elsewhere. Do IRL peoples know your Reddit handle? Do you use your Reddit name elsewhere? Maybe it's time for a change. There's a reason this account was created in the end of Jan... + +&#x200B; + +FIFTEEN. Clicking the 'Save' button right below will make this easier to find for future reference. + +&#x200B; + +SIXTEEN. Figure out what self-care and mental prep works best for you (PMR works great! Used it before I knew what it was...) : [https://www.reddit.com/r/Superstonk/comments/mrqgtg/an\_apes\_guide\_to\_selfcare\_and\_anxiety\_management/](https://www.reddit.com/r/Superstonk/comments/mrqgtg/an_apes_guide_to_selfcare_and_anxiety_management/), + +[https://www.reddit.com/r/Superstonk/comments/mr12dk/mf\_moass\_level\_up/](https://www.reddit.com/r/Superstonk/comments/mr12dk/mf_moass_level_up/), + +[https://www.reddit.com/r/Superstonk/comments/mnfmrh/it\_is\_time\_we\_must\_fully\_prepare\_ourselves\_for/](https://www.reddit.com/r/Superstonk/comments/mnfmrh/it_is_time_we_must_fully_prepare_ourselves_for/), + +[https://www.reddit.com/r/GME/comments/lzxbzm/be\_adamant\_some\_reminders\_for\_managing\_behavior/](https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/) and the sequel: [https://www.reddit.com/r/Superstonk/comments/ndrukr/update\_be\_adamant\_may\_edition/](https://www.reddit.com/r/Superstonk/comments/ndrukr/update_be_adamant_may_edition/) + +Amazingly positive guru (exercises for any level of fitness): [https://www.reddit.com/r/nextfuckinglevel/comments/na7qfy/this\_guy\_talking\_about\_pushups\_fitness\_is\_a/](https://www.reddit.com/r/nextfuckinglevel/comments/na7qfy/this_guy_talking_about_pushups_fitness_is_a/) + +&#x200B; + +SEVENTEEN. Have a plan for reasonably forseeable events. What if a cell tower goes out? What if you lose power? Do you own a powerbank? Is it charged? Does your car have gas in case power in your city goes out and you need to travel to get internet? What if you need to reset your OS and lose a password manager? Do you remember your account logins? + +&#x200B; + +EIGHTEEN. Read up on Shill tactics - this is serious money so of course they're spending to fight the squeeze: + +[https://www.reddit.com/r/Superstonk/comments/mscsb5/putting\_shills\_on\_blast\_a\_concerned\_biznessman/](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/), + +[https://www.reddit.com/r/GME/comments/m1oc5u/shill\_tactics\_a\_classification\_based\_on\_infection/](https://www.reddit.com/r/GME/comments/m1oc5u/shill_tactics_a_classification_based_on_infection/) + +If shills are saying "You can't beat WallStreet at their own game - you're not smart enough", remember the long institutional holdings that are on the same side. People at BlackRock, Fidelity and Vanguard are also pretty smart and appear to hold around 23M shares. + +Here is useful information about negotiation tactics to also keep in mind: + +[https://www.reddit.com/r/Superstonk/comments/n12o03/are\_you\_prepared\_for\_the\_biggest\_negotiation\_of/](https://www.reddit.com/r/Superstonk/comments/n12o03/are_you_prepared_for_the_biggest_negotiation_of/) + +&#x200B; + +NINETEEN. Learn to Read (the Bloomberg Terminal) + +[https://www.reddit.com/r/Superstonk/comments/ml9faf/how\_to\_read\_the\_bloomberg\_terminal\_by\_smooth/](https://www.reddit.com/r/Superstonk/comments/ml9faf/how_to_read_the_bloomberg_terminal_by_smooth/), + +[https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial\_statistics\_101\_how\_to\_interpret\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial_statistics_101_how_to_interpret_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +TWENTY. Pick out the colour of your new car (or bike for those in the Netherlands - ❤ from 🍁) + +&#x200B; + +TWENTY-ONE. Eat properly (credit to u/deleted...): + +[Exceptions for Ramadan foods granted.](https://preview.redd.it/y6mmqe0t7vy61.jpg?width=500&format=pjpg&auto=webp&s=76dae8b4dc6b45287a74d05766843bfcb9073dcb) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# During MOASS Launch + +ONE. Remember Rule #1? Don't tell anyone you haven't already. Anoymity is your first and best defence. Consider the risk of quitting your job and buying shiny things. Abruptly quitting will cause people to ask questions. Best to ease into it (GME Mooning + "I'm outta here" = cover blown) or have a reasonable answer before you pull the trigger. + +&#x200B; + +TWO. Monitor yourself for symptoms of medical shock. I'm not talking about vibrating from excitement here. These [include](https://www.betterhealth.vic.gov.au/health/ConditionsAndTreatments/shock): + +* Pale, cold, clammy skin +* Shallow, rapid breathing +* Difficulty breathing +* Anxiety +* Rapid heartbeat +* Heartbeat irregularities or palpitations +* Thirst or a dry mouth +* Low urine output or dark urine +* Nausea +* Vomiting +* Dizziness +* Light-headedness +* Confusion and disorientation +* Unconsciousness. + +This can be fatal if it turns into a heart problem. Take it seriously. Be pro-active and call for help before it reaches unconsciousness. + +&#x200B; + +THREE. Locate your exit strategy. Follow it. + +&#x200B; + +FOUR. Practice the Self-Care that works for you. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# After Moon Landing + +ONE. First rule also applies here. Keep a low profile. Remove social media posts that have your face in connection with owning GME. I will be removing the 'X' badge from my Tesla Model X for instance - this disguises it as a Model Y, which is around half the price. + +Be on the lookout for extortion attempts, dating, desperate pleas for help, kidnapping, identity theft, friends with ulterior motives, invasion of privacy, etc. (People buy flight manifests to learn of high value targets [https://tim.blog/2020/02/02/reasons-to-not-become-famous/](https://tim.blog/2020/02/02/reasons-to-not-become-famous/)) + +Be careful of your postings of you are doing good deeds in your real name. You could get tracked if there is a report in a newspaper or something alike. + +&#x200B; + +TWO. Celebrate, but in a restrained way. Fancy Dinner? Maybe you want to eat some 🎶[Kraft Dinner with that Fancy Dijon Ketchup](https://www.youtube.com/watch?v=aynCgnbbgbM)🎶? (sorry I know you like Ramen better, couldn't resist) + +&#x200B; + +THREE. Start contacting lawyers (boutique or firm with lawyers covering different areas), accountants, 'umbrella' insurance (particularly for you American Apes out there - don't lose your tendies because of a staged accident!) + +&#x200B; + +FOUR. Is stock market onna fire sale? Maybe reinvest tendies on sale stocks! If you're moving tendies into your bank, be sure to call them first to advise them that the MOAD (Mother Of All Deposits) will be arriving in the next few days. The last thing you want is your assets frozen because the bank thinks something is suspect. + +&#x200B; + +FIVE. Don't tell people until lawyer is onboarded and advising you for your unique situation. Also, always get second opinion when talking to lawyers, financial advisors, etc. These guys can smell new money from a mile away and will try to take advantage of you. If you are not married and headed towards a long-term relationship, ask your lawyer about a pre-nup. + +&#x200B; + +SIX. Have accountant give you value after taxes and retirement fund. Start to work your plan. + +&#x200B; + +SEVEN. Is medicaid a factor for you or a loved one? Look into Special Needs Trust. [https://www.investopedia.com/terms/s/special-needs-trust.asp](https://www.investopedia.com/terms/s/special-needs-trust.asp) + +&#x200B; + +EIGHT. Attend 1 year anniversary of the MOASS / bankruptcy filing of Shitadel. Wall Street likely too obvious and potentially a target. I am thinking Disney's Animal Kingdom best. Pretty sure they sell chicken tendies there. Wear a cryptic T-Shirt so we can do selfies together. + +&#x200B; + +NINE. Be careful of drugs! Cocaine is glamorized in a ton of finance movies and is fun, but also harms your impulse control, is insanely addictive, and is expensive. Picking up a drug habit because you can afford one suddenly is a great way to lose your tendies. + +&#x200B; + +TEN. Take care of yourself, your loved ones and go forth and make this world a better place! Don't forget to post about your good deeds here! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[u/Jamie-Vu](https://www.reddit.com/u/Jamie-Vu/) had a great point that I'm going to quote: + +>But for those of us who want to use this money to change the world for the better, I think we need a big push to get organized in the aftermath, like a grand council of apes. Maybe combine it with the inevitable collosal meetup party we all talk about.We need to put together a think tank/foundation/lobbying group. A combined force that can hire scientists, researchers, experts in every field to help guide us through the process of fixing our world without fucking anything up despite our best intentions. It's a big ecosystem but our strength together is unquestionable when we focus all this energy in the same direction. + +I completely agree. Apes together are going to make this world better! + +I've had a brief discussion with someone who has Disney contacts, and they think Disney would be happy to be paid to host an annual MOASS event (in the evening; may not be feasible for the entire day - but you can pay $$$ to have an exclusive tour where they take you to the front of the lines...). I'm imagining that we could set up stalls with all the different charity ideas and have people from those charities that we could directly talk with and ask questions of. Apes could pitch their ideas for changes or new charaties to fellow Apes... I want to start planning this NOW, but I still have to get my day job done... + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +A Shameless Plug for Canada🍁 + +Canada has an investor class option for immigration! See [here](https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/start-visa.html) for the "Start-up Visa Program". + +Canada has generous supports for people who were/are unemployed due to COVID - we may argue, but in the end we want to take care of eachother and do the right thing. + +Ottawa, Ontario is Canada's capital. It's a beautiful, safe and diverse city of 1M with a lot of cultural things to do with the museums and stuff. Solid education with a few universities/college in town on the rapid transit line. People here are also generally nice to eachother - almost like the fellow Apes in this sub. Having money also won't make you stick out. 😘 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Please point out what I am missing. I promise to read every main comment reply (e.g. the ones I get the notifications for) and edit the post to add the things I'm missing or refine what's above. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +The diversity of backgrounds, here in our self-correcting hivemind superstonk sub, is our **strength**. + +Geologists and Engineers. + +Lawyers and Judges and Accountants. + +Flooring Installers, Retail and Small Business Owners. + +💖 Doctors and Nurses 💖. + +Farmers, Movers of Forklifts and Manufacturing. + +Bankers and Financers and Personal Finance Apes. + +Fire Fighters, Coast Guard, Law Enforcement, Military, and Drug Enthusiasts. + +Reposession Agents, Call Centre Workers and Sanitation Workers. + +Painters, Interior Designers, Artists and Clowns. + +Parents, Grandparents and Kids looking out for their Parents. + +The Movie Industry, Journalists, Rocket Scientists, Data Scientists, Data Architects and Computer Wizards. + +Students, Entrepreneurs, Photographers, Contractors, Architects, Electricians and Religious Peoples. + +Mental Health Experts and Game Theorists. + +GAMERS 👊 and Reddit and [4Chan](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/). Together. Y'all really have no clue what you've done, eh? + +[I'm Very Pleased With My Investment!](https://www.reddit.com/r/Superstonk/comments/mpf9bp/market_psychology_of_apes/) + +Apes Together Strong! + +🦍🦍🦍🦍💪💪💪 + +# TL;DR (credit to [u/I\_RAPE\_GLITTER](https://www.reddit.com/user/I_RAPE_GLITTER/)) : + +[Welcome to Rich People Problems...](https://preview.redd.it/uhcedma08vy61.jpg?width=700&format=pjpg&auto=webp&s=e6f98bcdccf8e3e5db2891b07cb6a072d774b7d0) + +💎🙌🚀🌝🐒👩‍🚀 + +Final Note: This is mostly a repost, so save your $$$ for this tasty GME Dip and feed me a 🖍 in the comments if you like what you see. +Guys I thought I understood how to sell a csp. I thought I was supposed to get premium upfront as a sold this and then if anything I would be assigned the shares if this fell to my strike price $95. Can anyone help me and am I fucked. I know I know don’t use options until you know what you’re doing, but I’ve done homework I’ve just never sold csp before. Anyone help is appreciated a lot thanks +* Fed's balance sheet shrank for a fourth straight week, falling below $7T. +* The \~$88B decline was the largest weekly drop in more than 11 years and brought the four-week total contraction to nearly $250B. +* Repos the main driver of the decline as the balance fell to zero from just over $61B in the prior week. [Reuters](https://www.reuters.com/article/us-usa-fed-assets/fed-balance-sheet-below-7-trillion-repo-drops-to-zero-for-first-time-since-september-idUSKBN24A37T) noted that it was the first time in more than ten months banks have not tapped the Fed for this short-term funding, another indication of the central bank's success in repairing market functioning. +* Treasury holdings increased by just over $18T to more than $4.23T, while MBS purchases increased slightly, bringing total holdings to more than $1.9T. The Fed's Corporate Credit Facilities (SMCCF and PMCCF) increased by $700M to $42.6B but has remained largely flat over the last month. +There are so many new posts lately about how unhappy people are because of FIRE. (Sort by new, and you'll see what I'm talking about.) + +I don't think it's a coincidence that almost all of them are posted through shiney new accounts. + +Maybe it's a bunch of trolls. Maybe they are sincere. I have no way of knowing that. + +But FWIW, I, for one, am a very happy camper in retirement. + +Interestingly, I've been the most grateful I could do this when times have been the toughest. Without getting into details, in the past couple of years, life has had its tough moments. Everything from hospitalized family members with life-threatening conditions to the death of an immediate family member. + +During those darkest of times, I felt so free and happy to be there for and with them without having to juggle work issues or cares about the financial ramifications of the problems at hand. + +I've also been able to focus on my own health and have made big strides with weight loss and chronic health problems. + +I've been generally a happy person all along, but not having to worry about work or money has removed a lot of barriers to contentment. + +I say keep at it and ignore the naysayers! +Let me start by saying I don't have a lot of exact numbers on hand and there are a number of things I don't remember or never fully understood to begin with, so excuse that. + + +Hi, reddit. In the fall of 2011 I purchased my first home in a decent sized southern city. I was approved for something like 150k, but I kept it modest and bought an older home that had been recently redone for about 82k. The area it was in was not great, but I have no children so I wasn't worried about the schools zone and I used to live a block or two down the road from it for a couple years and never had a problem with crime. I got a 30 year loan at 4.5% which seemed decent at the time, and I didn't have a lot of cash to put down so my loan has PMI. I feel like at the start my mortgage was only around 400 a month, 500 and change tops. + +Well, it wasn't long before we had our first break in, the door kicked in and a number of electronics stolen. I made a claim with my insurance to replace the door and stolen items. I guess this caused the cost of my insurance to go up, so soon my monthly payment went up a good bit. I always pay over the minimum and it was still lower than that so I just let it slide. I first tired to sell my house around this time, to get out of there and go somewhere my belongings would be safer. My realtor told me at the time that if I listed it for what I owe, her comps showed it would sit on the market for an average of 10 months or longer, there were still a number of houses in the area selling for less at a similar size, and I would be looking at shelling out up to 10,000 dollars in closing costs. I didn't want to go into debt to be homeless, so I said forget it. + +Years go by and the neighborhood has gotten worse and my property value has gone through the floor. Houses are foreclosing everywhere around this side of town so all the values are going down. On top of that, they recently rezoned and say I'm now in a 1% flood zone and am now required to have flood insurance.. Buying that has now raised my mortgage to nearly $700 a month. Though I've paid over the minimum every month for four years, I'm still at least $5,000 away from paying off my PMI. + +To make matters worse, I don't even live there anymore. My fiancé refused to live in that house and opted instead to buy a house twice as expensive in a better area and I live with her now, and my house at times causes us friction because I'm not able to help her pay the bills for her house much because I'm paying the bills for my own house. Ever so often she will bust out a "If you REALLY wanted to sell that house, then you would" implying that I'm not trying to get rid of it at all because I want a place to go after I break up with her.. So yeah, it's putting some strain on the relationship. + +I've tried to lessen the burden some by renting out a couple rooms in there, with the hope I could actually make some money off it and then maybe it wouldn't be so bad to be stuck with it but so far that isn't working out super well. I'm getting a good bit of money on rent but still not quite enough to cover what I owe each month after I pay my usual over the minimum amount, plus the renters are under no lease or contract as I have no idea how to go about doing something like that legally and correctly. I've tried to refinance it once before about two years ago and at that time it was declined saying I owe too much on it, I haven't tried since then. One of the renters would love to "rent to own" one day because their credit is abysmal and they can't get a loan to buy it but that just sounds like a bigger headache for me. + +I would love to just walk away from it and not have it be my responsibility anymore, but I have fantastic credit and don't want to lose that... So I'm looking for advice on how to proceed. I feel like my only option is kick out a bunch of friends who are already down on their luck anyway so I can invest thousands of dollars I don't have into fixing it up to list it for sale so it can sit empty for a year and maybe sell for less than I owe eventually, or try to works some magic and get a better interest rate and lower my payments so that their rent will cover it. Or should I bite the bullet and ride it out until the PMI drops off and hopefully the payment goes way down with it? + +EDIT: formatting +TL:DR Retail Owns the Float. + +Thinking back and looking at these past/recent post and just so I just thought I would recap to have it in one easy-to-find place. Feel free to add anything worth notingand I will edit it in. + +\* [Korean Ants purchasing 1.5m+ shares and counting since April](https://www.reddit.com/r/Superstonk/comments/n6o6co/koreans_have_bought_around_15million_shares_of/). OP-[/ButthurtFeminists/](https://www.reddit.com/user/ButthurtFeminists/) + +\*[Nordnet Showing rough average postion of 21+ Shares per user](https://www.reddit.com/r/Superstonk/comments/nkao2n/nordnet_now_show_how_many_users_on_the_platform/). OP-[/BadlyPk/](https://www.reddit.com/user/BadlyPk/) + +\[Nordnet allowing Votes up to over 329k votes and climbing. ](https://www.reddit.com/r/Superstonk/comments/nmz9wf/skandinavian_broker_nordnet_has_followed_avanza/?utm_medium=android_app&utm_source=share) OP- [/viggezy](https://www.reddit.com/u/viggezy?utm_medium=android_app&utm_source=share) + +\*[Average size of 15 shares for Swedish apes on Avanza](https://www.reddit.com/r/Superstonk/comments/nm5c0g/avanza_the_swedish_broker_who_would_not_let_gme/). OP-[/Kaverthas/](https://www.reddit.com/user/Kaverthas/) + +\*[900k+ Hong Kong Apes having issues voting average size of positions unknown](https://www.reddit.com/r/Superstonk/comments/nlyxkl/we_have_900k_hong_kong_brothers_and_sisters_who/). OP- [/dontdrop\_that/](https://www.reddit.com/user/dontdrop_that/) + +\* [Totally Relevant IMO- Hong Kong Apes can vote!](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/?utm_medium=android_app&utm_source=share) OP-[/Professional-Cow9439](https://www.reddit.com/u/Professional-Cow9439?utm_medium=android_app&utm_source=share) + +\*[Finra Shows institutional ownership between 41m-57m.](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) OP- [/InForTheSqueeze/](https://www.reddit.com/user/InForTheSqueeze/) + +\*[Killer DD about Short interest being 1000%](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/)\+. OP-[/InForTheSqueeze/](https://www.reddit.com/user/InForTheSqueeze/) + +Edit 2[4.1m million Fidelity transfers just in Q1.](https://www.reddit.com/r/Superstonk/comments/nbku8x/if_fidelity_transferees_own_19_shares_each_theyd/?utm_medium=android_app&utm_source=share). OP- [/dwellerofthecrags](https://www.reddit.com/u/Dwellerofthecrags?utm_medium=android_app&utm_source=share) + +\*[Fidelity Customers own the Float](https://www.reddit.com/r/Superstonk/comments/n4w9as/fidelity_users_alone_own_the_float/). OP-[/cartifrog/](https://www.reddit.com/user/cartifrog/) + +\*[Fidelity customers just keep buying](https://www.reddit.com/r/GME/comments/msyhlq/fidelity_users_purchased_about_61_million_more/). OP- [/33a/](https://www.reddit.com/user/33a/) + +\* [Superstonk users ALONE hold between 27 million and 35 million shares.](https://www.reddit.com/r/Superstonk/comments/mzuodo/final_update_superstonk_users_alone_hold_between/) OP-[/TheCaptainCog/](https://www.reddit.com/user/TheCaptainCog/) + +\*[Wallstreetbets owns float at 6 share average with 7m Degenerates.](https://www.reddit.com/r/wallstreetbets/comments/l9hftu/with_over_7_million_subs_who_all_love_this_stock/?utm_medium=android_app&utm_source=share) OP- [/jordansgood](https://www.reddit.com/u/Jordansgood?utm_medium=android_app&utm_source=share) + +\*[Austrailia buying heavy.](https://www.reddit.com/r/Superstonk/comments/n9p5l8/aussies_have_entered_the_chat/) OP-[/pezza31/](https://www.reddit.com/user/pezza31/) + +Edit 1 to include the God Tier DD\* + +\*[Citadel has no Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/). OP-[/atobitt/](https://www.reddit.com/user/atobitt/) + +\*[The Everything Short.](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)OP- [/atobitt/](https://www.reddit.com/user/atobitt/) + +\*[House of Cards Pt 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/). OP-[/atobitt/](https://www.reddit.com/user/atobitt/) + +\*[House of Cards Pt 2](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/). OP-[/atobitt/](https://www.reddit.com/user/atobitt/) + +\*[House of Cards Pt 3.](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) OP-[/atobitt/](https://www.reddit.com/user/atobitt/) + +\* 40000 UK apes hold on trading 212 according to the public hotlist. Its the fourth most held equity on freetrade as well according an article they put up out about most popular investments. If we say 40000 apes on each platform and 15 shares each (the same as the swedish broker customer average) thats 1.2 million UK shares 🇬🇧🇬🇧🦧🦧 OP- CCSSJJ[CCSSJJ](https://www.reddit.com/u/CCSSJJ?utm_medium=android_app&utm_source=share) + +\* [E Toro ownership at 1.5% of GME](https://www.reddit.com/r/Superstonk/comments/nmos5k/what_the_actual_fuck_did_etoro_just_say/?utm_medium=android_app&utm_source=share) OP-[/Silver-Reserve-3764](https://www.reddit.com/u/Silver-Reserve-3764?utm_medium=android_app&utm_source=share) + + + +&#x200B; + +Piggy backing off the Superstonk post we currently have 173k member active right now. Thats insane especially since WSB has 10m Degenerates and only 130k active. + +https://preview.redd.it/hcgxth458q171.png?width=1648&format=png&auto=webp&s=3cd190ba19f2555cb9c03b834a57077bbaec9afe + +I believe collectively we own the float many times over and I cant wait to ride this wild ride through the summer. Most of these links are 30-45 days old already and my gut tells me that all of these positions and shareholders have continued to buy and hold. The next few weeks should be fun. Feel free to send me dm with more proof of ownership posts I should add put it in comments and i'll keep adding as I remember/see them. + +&#x200B; + +Edit 2. + +[Just because this sub may get some more visability dont forget to Rock the Vote](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/)! -[/pinkcatsonacid/](https://www.reddit.com/user/pinkcatsonacid/) +🍸🎲 Welcome to the CocktailBar and Casino Metaverse 🎲 + +\- whitepaper being released this weekend +\- casino final tests compete +\- metaverse stage one almost ready + +💎It is so cheap compared to others like MANA, SAND… + +🚀It can go to 500m valuation easily! + +90% of the profits generated by the Metaverse and Casino will be returned to $COC holders via regular airdrops. 10% will be retained for project development and marketing. + +For each USD$10,000,000 in slots wagering the casino expects to generate at least USD$1,500,000 in profits. 90% of that would be airdropped to $COC holders. + +💰Potential Earnings + +🔺$10,000,000 per month in slots turnover = $27 airdropped to each $COC token each month. Yearly earnings = $324 per $COC token. + +🔺$100,000,000 per month in slots turnover = $270 airdropped to each $COC token each month. Yearly earnings = $3,240 per $COC token. + +🚀$COC holders get casino profits + +🚀Only 50k tokens + +What is the CocktailBar and Casino Metaverse? + +🍸 The CocktailBar is a 3D virtual world environment that patrons will be able to explore in first person and interact with each other having conversations sippin' on virtual drinks at the bar. Virtual reality meets defi. + +🎲 The Casino is a place for those feeling lucky. Play featured slots and table games and get paid winnings instantly in crypto. + +$COC🍸 - CocktailBar is the main token in the network. It has limited supply of just 50,000 tokens. If you want to share in the spoils of the Bar and Casino, $COC is the token for you. + +STAGE 1 ROADMAP 🚀 + +\- Launch live gambling +\- Metaverse Bar and Casino +\- Distribute Casino profits to $COC + +$COC is building a virtual reality bar and casino where players can walk around with WASD style keys, interact with each other, chat, play table games and more. + +Stage 1 - we have access to over 1000+ games from the best developers like Evolution and Wazdan. + +Stage 2 - we will have our own branded $COC casino games. + +The metaverse is going to be a casino and bar to start with. You'll be able to create your own character and mint them as an NFT for in metaverse use. + +💰All profits back to $COC holders. + +✔️$COC has limited supply of just 50,000 tokens. + +🔒All LP and team tokens are locked. + +🔺This can easily go to a $500 mil valuation on full casino and vr launch. + +You are still early, don’t miss the train!!! + +Join the community for more❗️ + +📱Telegram: [https://t.me/CocktailBar\_Discussion](https://t.me/CocktailBar_Discussion) + +🌐Website: [https://cocktailbar.finance/](https://cocktailbar.finance/) + +💵Buy $COC on Uniswap: [https://uniswap.info/pair/0x39FB7AF42ef12D92A0d577ca44cd54a0f24c4915](https://uniswap.info/pair/0x39FB7AF42ef12D92A0d577ca44cd54a0f24c4915) + +📈Chart: [https://www.dextools.io/app/uniswap/pair-explorer/0x39fb7af42ef12d92a0d577ca44cd54a0f24c4915](https://www.dextools.io/app/uniswap/pair-explorer/0x39fb7af42ef12d92a0d577ca44cd54a0f24c4915) +[link](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwi_2q33ourwAhUxIjQIHRlvCMAQFjAAegQIBBAD&url=https%3A%2F%2Fshareholder.ford.com%2Finvestors%2Fresources%2Fdefault.aspx&usg=AOvVaw1AloXhdbbrkLuCEEAgYSLk) + +Wish I would've known before. Maybe everyone else knows. A bit salty since we already bought a mach E and just started investing in Ford a couple days ago. + +Hopefully this will be of some use to current shareholders or even someone on the fence. Seems like it could even pay for itself for people who buy a new pickup every 3-4 years. + +Copy and pasted from the site. + +Ford Motor Company offers the “Friends and Neighbors” pricing discount to our qualifying shareholders. To be eligible, you must show you are a current Ford Motor Company shareholder who has held a minimum of one hundred (100) shares of Ford Motor Company stock for at least the past 6 months. We call this discount the Shareholder X-Plan Program. + +The application for a shareholder X-Plan Pin (X-Pin) can be found at the link below. All further instructions are included in this document + +Shareholder X-Plan Program + +You can also obtain the application and submit additional questions about how the plan works by contacting the AXZ Headquarters using the contact information below. + +Contact AXZ Headquarters + +Telephone: 1-800-348-7709 + +Email: axzfaxes@ford.com + +edit: for every expert haggler able to get the dealer to make $0 profit because they always pay dealer (invoice) cost, instead of dealer price (MSRP), then this won't save you much. For everyone else, this will take a couple thousand off of MSRP, which is different than invoice price. Invoice price is dealer cost. +Yesterday, after my check came in and I deposited, I officially had more in my savings account than I ever have before. I'm working a contract job right now and I decided to get kind of aggressive in case it isn't renewed, so I've thrown pretty much everything into savings that isn't going towards living expenses. I have more in my savings right now than in my checking. First time ever. + +I have never EVER been good with money, and I certainly have never had more than fifty or sixty bucks saved away for a rainy day. This is atypical of me and I'm happy for the change. + +It's them little things, y'all. Helps with sanctity of mind, at least. Y'all stay safe out there. + +Edit: thank all y'all for the kind words of encouragement! Think we all need some of those these days <3 +### UNITED STATES + +* The *InSight* spacecraft lands on **Mars** today, you can [watch live between 2:00 & 3:30 pm](https://mars.nasa.gov/insight/timeline/landing/watch-online/?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top) \- hopefully, the markets go to the moon +* **Black** **Friday** raked in a record [$6.22bn in sales ](https://www.cnbc.com/2018/11/24/black-friday-pulled-in-a-record-6point22-billion-in-online-sales-adobe.html) +* **New** **Housing** **Starts** (Expected: 1,228 | Actual: 1,228) and **Existing** **Home** **Sales** (Expected: 5.20 | Actual 5.22) fell in line with expectations  + +### OTHER + +* Theresa May and EU leaders agreed on **Brexit** withdrawal terms yesterday  + * Now comes the difficult task of persuading the British Parliament to approve the deal +* Saudi Arabia, The United Arab Emirates, and Houthi rebels are planning peace talks for next month to end the **war** **in** **Yemen** +* Low oil prices continue to fuel a recovery in the **Indian** **rupee** +* **Russian** warships fired on three **Ukrainian** ships in the Black Sea, today Ukraine will decide whether to declare martial law in response +* **Real** **wage** **growth** in **Russia** didn't meet expectations (Expected 7.0% | Actual 4.4%) + * **Cargo** **activity** (Expected 2.0% | Actual -0.1%) and **retail** **sales** (Expected 2.4% | Actual 1.9%) also slipped  + +### CHINA + +* [US **imports** from China have been falling since tariffs were placed ](http://www.econpol.eu/sites/default/files/2018-11/EconPol_Policy_Brief_11_Zoller_Felbermayr_Tariffs.pdf) +I’ve noticed most posts in this thread are focused on net worth and total amount in savings vs passive income coming in. + +I ask this for honest feedback based on my current strategy and plan. + +I live in a HCOL area but just recently invested $40k into a multi family property that’s generating roughly $1,500 a month in passive income not to mention a mortgage that’s being paid off by my tenants and a property that increases in value yearly. + +I’m so hooked on this strategy I can really only think about doing this over and over again until I have enough passive income to have financial independence. + +I’m definitely maxing out my 401k every year and trying to save some money it just seems like building a portfolio of multi family properties that generate real passive income is so much more valuable to me than trying to save money. + +Anyone else get as excited as I do about building passive income to get to financial independence? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +My trading journey has been long and frustrating and out of not want others to go through the same journey I would like to outline some things I wish I had been told from the start. + +\#1 - Becoming a good loser is the biggest part of trading in my opinion + +\#2 - You can minimize emotional risk by starting on higher time frames + +\#3 - You don't need to watch the chart all the time you are in a trade. + +\#4 - Adding to trades that are working is what 10% of people do. 90% are quick to start taking profit on their good trades out of fear of losing. This is being a bad loser as goes back to my 1st tip. This is all part of letting your winners run. It took me a long time to come round to this way of thinking + +\#5 - Each person will be comfortable trading different timeframes depending on their personality + +\#6 - Just watching price action and doing nothing for 2 weeks is enough to find a strategy + +\#7 - Start a trading diary and never stop + +\#8 - Don't beat yourself up for making mistakes. I really struggled with this. Then I realized we are all human. + +\#9 - When you first start out on your trading journey do 1 week on and 1 week off. Burnout can happen really fast in trading + +\#10 - Don't ever buy courses. That doesn't mean some of them aren't legit strategies however it's almost impossible to trust any of these people. 90% of them are not real traders. + +\#11 - Build your own strategy + +\#12 - Backtest everything on a demo before execution using real capital + +\#13 - Have PATIENCE! and keep at it. Your odds of becoming profitable increase every year you continue learning and on this journey. Most give up after just 1 year! + +\#14 - Only trade your A+ setups. + +\#15 - Have criteria that need to be met before executing a trade. This prevents FOMO and also helps you fairly evaluate yourself. + +\#16 - Take time off + +\#17 - The KISS method works for trading too! +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 + + +**Introduction**: There has been a lot of discussion as to the increase in money supply and inflation. Most seem to think that an increase in M2 inevitably leads to inflation in prices of goods and services. This couldn't be further from the truth. There was previously a strong correlation between the two up until 1990. From then on, the correlation has reversed and is negative. There is now a much stronger relationship between increases in the money supply and decreases in the velocity of money, meaning that money is not moving through the economy as it once did. This means that increases in the money supply are not getting spent. And as we all know, money must be spent to cause inflation. This is why economists are not overly concerned about the recent rapid rise in the money supply causing inflation. + +So here are the four easy charts: + +1. This [first chart](https://docs.google.com/spreadsheets/d/e/2PACX-1vQY4owBA5SP28Ng2glt_fG0jnDXTgwvsp-Q90VTA5_TTqrSZQRjkUTZeE1Zt5BOSxCnkHz-TX6HWu2z/pubchart?oid=809733064&format=image) shows the correlation between the adjusted money supply and inflation. The M2 money supply is adjusted by subtracting real GDP. This amounts to the excess money beyond what is needed to grow real GDP. This has the strongest correlation with inflation. Inflation is measured by the implicit GDP price deflator, which measures the actual items that were spent in the year vs. a previous year's base price. You can use PCE or CPI, but the relationship is very similar. (Also I'm using an 8 year moving average because this gives the strongest correlation between the two variables. The correlation is very weak in concurrent periods, and gets a little stronger using 2 and 4 year moving averages.) You can see from this chart that the correlation was very strong from 1968, the first year of the 8 year moving average, through the end of 1990. R = 0.95 and R\^2 = 0.90. This indicates that 90% of changes in inflation can be explained by the changes in the adjusted money supply. This strong relationship has lead the general public to believe that the two variables are inherently related: That is, that the expansion of the adjusted money supply inevitably leads to inflation. +2. The [second chart](https://docs.google.com/spreadsheets/d/e/2PACX-1vQY4owBA5SP28Ng2glt_fG0jnDXTgwvsp-Q90VTA5_TTqrSZQRjkUTZeE1Zt5BOSxCnkHz-TX6HWu2z/pubchart?oid=2061624488&format=image) shows the correlation from 1991-2021. You can clearly see that the relationship reversed. R= -0.50 R\^2 = 0.25. This indicates that the rate of inflation decreases as the adjusted money supply increases. It shows a moderate to weak relationship in which the increase in the adjusted money supply explains about 25% of the decrease in the rate of inflation. This can probably be explained by the fact that the money supply has seen its largest increases in periods when the economy was in recession and prices were falling. Needless to say, you can see that the former relationship between these two variables does NOT exist anymore and hasn't for 30 years! +3. This [third chart](https://docs.google.com/spreadsheets/d/e/2PACX-1vQlyD-2fO9g1W3h6VFXV_r-CJo5MdLourVfNF5HMo_uG-8s1Rpu2293GA-_3LkBGbF_WM0CkWI61zXx/pubchart?oid=997615969&format=image) shows the relationship between changes in adjusted money supply and changes in the velocity of money from 1960-1990. The velocity of money is the frequency of monetary transactions in the economy. You can clearly see that the relationship is negative, as the adjusted money supply increases, the number of transactions decreases. R = -0.63 R\^2 = 0.40. This indicates that 40% of the decrease in the velocity of money can be explained by the increase in the adjusted money supply. This is a moderately strong relationship. +4. This [last chart](https://docs.google.com/spreadsheets/d/e/2PACX-1vQlyD-2fO9g1W3h6VFXV_r-CJo5MdLourVfNF5HMo_uG-8s1Rpu2293GA-_3LkBGbF_WM0CkWI61zXx/pubchart?oid=946401508&format=image) shows the correlation of adjusted money supply and the velocity of money from 1991-2021. R= -0.98 R\^2 = 0.97. This indicates the strengthening of the relationship between increases in adjusted money supply and decreases in the velocity of money. You can clearly see that the more money that is pushed into the economy the less frequent that money gets spent. + +**So where is all this money going if it is not going into goods and services?** Economist largely believe that increases in the money supply probably inflate assets, including real estate, stocks, bonds and all other capital and financial assets. PE ratios have been on the rise for 30 years now. The average TTM PE ratio from 1928-1990 was 13.8 times. Since then it is 21x. The 10-year treasury yield from 1928-1990 averaged 5.17%. Since then 4.19%, and 3% in the last 20 years. The are further examples, but I think you can see that the decoupling of the money supply and inflation has probably benefited asset prices. + +**TLDR**: Increasing the money supply does NOT lead to inflation in products and services like it once did. It now results in a lower velocity of money, more savings and higher asset prices. +Hi! I'm planning to buy a fancy NFT on the worlds most advanced and decentralized blockchain Solana. Last time I checked it seems they were unfortunately closed. But that's on me, I did not check it before if they are open or not. Remember, always do your own research! Therefore I checked their company website this time, but I couldn't find their opening hours. Does anyone know when Solana is open? + +This web3 tech is very exciting. I heard Solana is the only blockchain with PoR\* consensus mechanism. But I don't know much about it. Maybe a Solana sales rep or someone from their customer support is here on /cc to tell more about it! + +long live decentralisation! + +*\*Proof of Restart* +Sorry for the clickbait sounding title, but I'm surprised at how quickly I have lost interest in FIRE after hitting certain financial milestones. I discovered the FIRE movement about 5 years ago and dove headfirst into it. In that timeframe, I have been fortunate enough to nearly triple my income and go from a net worth of about $0 (essentially student loans minus assets) to about $400K today. + +Last month, I paid off the last of my student loans. It was an unceremonious end to a 10+ year grind that consumed a small mountain worth of stress and mental energy. That stress reduced as time wore on as the loans became less of a proportional burden on my budget. Now I have increased cash flow to go towards investments and advance my FIRE timetable to a degree, but... that's it. My finances are more or less on autopilot now. + +I suppose this is what the "boring middle" feels like. While it's nice to have more bandwidth (both financially and timewise) to do what I want, I have also had a lot of fun over the last few years learning about personal finance, investing, FIRE, and then tracking the quantifiable results of acting on that knowledge. It became a hobby. Now it feels like there's nothing left to do but stay the course until I hit my FIRE number. In a weird way, I feel a mild sense of loss. + +I don't know what my ultimate goal of posting this is, other than unburdening some feelings to an audience that will understand better than most people in my life. This ennui was unexpected, but is also a good problem to have, I suppose. I am extremely fortunate to be in the financial position I am in now. The path to FIRE continues. +Hello all, + +I would be interested in your experience and opinions on Alternative Investments. I'm currently looking for ways to diversify my portfolio and have been looking at Venture Capital, Private Equity and Collectibles. + +Have any of you invested in Alternative Assets before? And if so, in which ones and with which companies? How do you guys see the current market in terms of PE, Venture Capital and Collectibles? +How did your 2019 go? Here's how mine went. + +$614000 post tax income and $230,000 saved for an SR of 37% (inclusive of accounting for buying a $70K car in cash) + +\+38% investment performance on my liquid securities (marked all RE, including home, and alternatives at cost/2018 values to do this back of napkin calculation). + +Ended 2019 with a NW of $2.8MM. + +Looking forward to 2020, I see things getting a little better - we leased our previous home out for $15,000 a month (it was previously leased for $10,000 a month and sat vacant for a few months in 2019). Should see income increase as well, but comp is bonus based and I'm in the volatile hedge fund and investment industry. Don't see us buying any more cars in 2020 unless Tesla comes out with the Roadster. +the market has not been good to me the past few months. my portfolio peaked at $625K back in mid-june. and even though i have collected about $10k in dividends since then, my balance has been as low as $598k on 9/20. that's a total drop of almost 6%. over the past ten days, my portfolio has been as high as $620k and as of now i am at $610k. but i can't complain. for one thing, i'm still up 16% since the beginning of the year. and more importantly, my dividends have not been negatively impacted - in fact many of my holdings have increased their dividends this year. none of them have decreased. that's the great thing about owning dividend stocks - unless the market takes a huge hit, most dividend payers don't even think about cutting their payouts. during the covid crash, only one of my 50+ holdings cut their dividend. + +ironically, the part of my portfolio that is invested in "growth" stocks is the major source of my losses. you can't see those investments because they are not part of my passive income portfolio, but they include $ARKK, $ENPH, $JD, and a few spacs that have not done well at all. + +we're just entering the fourth quarter home stretch of 2021, and i'm working out my final plan for rebalancing at year-end. i want to clear out some of the underperforming holdings and consolidate my portfolio a bit. the core of my portfolio will be $360k invested in a group of six covered call etfs - QYLD, RYLD, XYLD, NUSI, JEPI, and DIVO. i have worked out the allocation so that my annual return on that $360k should be about 9% or $32,400. the remainder of my passive income portfolio will consist of $240k invested in my best performing individual stocks, etfs and closed end funds. my projected overall yield on those investments is 7%, or $16.8k. after adding in the interest from my bonds, the total income will hopefully be $50k per year, which was my goal. + +in the past i have taken some heat from redditors that i am "chasing yield". the truth is that this portfolio is only one part of our total retirement investments. i would never advise you to put all of your money into high yielding investments like these. but you may decide that it can be a part of your overall strategy. how big a part is up to you. + +in addition to this $600k portfolio, we own a rental property that is currently worth somewhere between $500k and $550k. it is fully paid off and generates $30k per year in rent. that's about 5.5% yield. and it is much safer than the passive income portfolio. next, my wife's ira and 401k total close to $200k. my wife is very conservative, but she does have a few holdings that generate dividends - $AAPL, $HD, $USHY, and $NVDA. in total, these holdings generate roughly $600 per year. not a lot, but every little bit helps. my wife is about 9 years younger than me, so it will be a while before she even considers withdrawing anything from her accounts. finally, we have our cash and cash equivalents, which include cds and bank accounts and a couple misc other things. the bulk of this is roughly $200k that we have set aside in an emergency fund. this would cover all of our mandatory living expenses for at least five years. all of this is invested in extremely safe, low yielding instruments. + +hopefully you can see that i am not chasing yield on an overall basis. my passive income portfolio does contain some higher yielding investments. i have tried to select mostly high yielding investments that also provide for modest growth - both in share price and dividends. not all of my picks have been successful in those ggoals, but overall, i feel like i am achieving both high yield and growth. + +i promised a few people that i would talk about the investments in my portfolio that i believe are still worth buying. let me start by saying that i am just an individual investor. i don't have any special training. i am not a financial advisor and i am not giving financial advice. it is up to you to conduct your own due diligence and decide which of these investments (if any) are right for you. + +september was not kind to my portfolio. some of my favorite individual stocks really took a beating. but, most of them are still positive when compared to original cost. the stocks in my portfolio that did the best in september were mostly related to oil in some way (price of oil went up quite a bit in septamber). these included $OKE, $KNOP, $WMB, $ET, $ENB, $USAC and $USOI. out of these, $OKE and $KNOP are two that i would consider buying today. + +$USAC and $USOI are two high risk / very high dividend payers that are more speculative, but have paid off well for me. $USOI has gained 9% in share price and pays about 20% in dividends. $USAC has gained 7.5% in share price and pays over 12.5% in dividends. + +in addition to those oil-related stocks, some other stocks that i have had nice gains in share price in september. + +$ABR gained 3% in september (36% annualized) and has gained over 110% since i bought it. in addition they increased their dividend by a penny per share for each of the last five quarters (that's more than 10% increase over the last year alone). the current yield is 7.43% and since the payout is only 54% of earnings, there is plenty of room for more growth. this is one of my highest conviction stocks. in fact, i doubled my position in late july. + +$ARCC gained 3.7% in september (44% annualized) and has gained over 33.7% since i bought it. the p/e is only 5.3, compared to a 5-year history of 17.1, indicating a high upside. the current yield is 7.9%, and it is rated by trading central as a buy. + +$OXLC gained 3.5% in september (42% annualized) and has gained over 52.4% since i bought it. the p/e is only 2.65, but you will need to thoroughly investigate this one before you decide to invest. the current yield is 11% based on market price, 12.74% based on net asset value (nav). this is a closed end fund (cef). it has not had a great history except for the past year. it is selling at a premium to nav, and it is difficult to say how much upside (if any) it has left. + +$PRU gained only 0.28% in september (3.4% annualized). not a big gain, but the stock is up more than 84% since i bought it in may of 2020. this is more of a dividend growth stock that pays a decent yield of 4.3% (only a 25% payout vs earnings). the dividend has risen from $3.00 per share in 2017 to $4.60 per share in 2021. that's an increase of over 12% per year. + +$SNV is another dividend growth play. it gained over 5.5% in share price during september (66.7% annualized). it has gained over 142.6% since i bought it in may of 2020. the current yield is only 2.9%, but my yield on cost is 7%. + +hopefully, this post has given you some ideas for your portfolio as well as some encouragement to continue your own journey towards passive income that you can live on. thanks for reading. + +here is a link to my portfolio: [https://docs.google.com/spreadsheets/d/135YdSPThN-BzdhdydlXhMrgE1RN30rSHz2Zz8zYocyc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/135YdSPThN-BzdhdydlXhMrgE1RN30rSHz2Zz8zYocyc/edit?usp=sharing) +I’m a few years away. Very inspiring to see someone FIRE in real life instead of just reading about it online and doing your own calculations all the time. The resignation letter he sent to our VP was gangsta. Respect. + +I’m trying to talk him into going in together on opening an ice cream shop here in town. +Guten Tag to this global band of Apes! 👋🦍 + +Another day, another instance of blatant market manipulation. +Shares surged yesterday, with a sustained surge from $152 up to $155. +Less than one hour later, a massive price attack was triggered, eventually stabilizing around $152 again. +The price was then unusually flat for several hours before *another* price attack. +Of course, the discount was temporary, ultimately ending back up near $152. + +Meanwhile, Apes clearly continue to Buy, HODL, and DRS their shares. +The DRS momentum of the past weeks has been incredible to behold. +I am eager to see what percentage of the company Apes control in the next quarterly report. + +With two days before the splividend is active, the energy of this moment cannot be denied. +We see fuckery every single day, but HODLing this company is clearly having an impact. +As we see how these last precious hours play out, let's appreciate that many of us are soon to have another 'X' in our position size. +Let's show them the true meaning of Diamantenhände. + +Today is Wednesday, July 20th, 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: **$150.71 / 148,76 €** *(volume: 497)* +- 🟩 115 minutes in: $150.72 / 148,77 € *(volume: 495)* +- ⬜ 110 minutes in: $150.70 / 148,75 € *(volume: 485)* +- ⬜ 105 minutes in: $150.70 / 148,75 € *(volume: 468)* +- ⬜ 100 minutes in: $150.70 / 148,75 € *(volume: 432)* +- 🟥 95 minutes in: $150.70 / 148,75 € *(volume: 401)* +- ⬜ 90 minutes in: $150.76 / 148,81 € *(volume: 400)* +- 🟥 85 minutes in: $150.76 / 148,81 € *(volume: 391)* +- 🟥 80 minutes in: $150.85 / 148,89 € *(volume: 379)* +- 🟩 75 minutes in: $150.86 / 148,91 € *(volume: 364)* +- 🟩 70 minutes in: $150.77 / 148,82 € *(volume: 350)* +- 🟥 65 minutes in: $150.43 / 148,48 € *(volume: 322)* +- 🟩 60 minutes in: $150.82 / 148,87 € *(volume: 305)* +- 🟥 55 minutes in: $150.81 / 148,86 € *(volume: 292)* +- 🟥 50 minutes in: $150.88 / 148,93 € *(volume: 245)* +- 🟥 45 minutes in: $150.94 / 148,99 € *(volume: 229)* +- 🟩 40 minutes in: $150.96 / 149,00 € *(volume: 218)* +- 🟩 35 minutes in: $150.88 / 148,93 € *(volume: 208)* +- 🟩 30 minutes in: $150.87 / 148,92 € *(volume: 161)* +- 🟥 25 minutes in: $150.83 / 148,88 € *(volume: 161)* +- 🟥 20 minutes in: $150.84 / 148,89 € *(volume: 159)* +- 🟥 15 minutes in: $151.10 / 149,14 € *(volume: 154)* +- 🟩 10 minutes in: $151.13 / 149,18 € *(volume: 152)* +- 🟥 5 minutes in: $151.11 / 149,16 € *(volume: 150)* +- 🟥 0 minutes in: $151.12 / 149,16 € *(volume: 104)* +- 🟩 US close price: $151.70 / 149,74 € *($152.70 / 150,73 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0131. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Economic data released yesterday showed that household savings went up from 9.6% in Q1 to 29.1% in Q2. [Source data here.](https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/dgd8/ukea) + +Much like the GDP figures, this is totally unprecedented. Even more so when considering where interest rates are. I know I've been stashing away considerably more - no train tickets, no lunches out, no big trips and no new clothes this year. And I've been filling up my S&S ISA instead. + +I'm wondering what you all think the repercussions of this might be, positive or negative? Both for us as individuals and for the wider economy. + +How much distortion is this causing in the housing and investment markets? Will there be a big post-covid splurge? Will we all go back to normal and see savings rates go back to past levels? Or will some sections of society find themselves enjoying new levels of financial security through long term cost savings (e.g. continued working from home) while others continue to struggle (e.g. hospitality)? +I saw this posed on a different subreddit and figured it would be interesting to see everyone’s thoughts on the subject. + +I’ll go first: The idea that under no circumstances should you write naked calls due to their undefined risk. + +I don’t recommend writing naked calls for inexperienced traders by any means but with adequate risk management and defensive plans I feel they can be integrated into portfolios in a beneficial way. +So, the market is pretty dumped but extremely volatile. I have enough money to fund a fairly decent amount of contracts but I have never done this before. Going to wheel things I only wouldn't mind holding for a while. + +I've heard people say before that a bull market is the best time to wheel. However, in your opinion, is it a good time to start because we're so close to the previous bottom and the most major crashes have ***probably*** already happened? +https://www.cnn.com/2019/11/29/investing/nyse-direct-listings-spotify-slack/index.html + +New York(CNN Business) America's stock market is shrinking. The number of public companies has been cut roughly in half over the past two decades, mostly by choice. + +Some don't want to deal with the pressure and reporting requirements. Others are avoiding the hassle and expense of an IPO. And a lucky few just don't need the money. + +Now, the New York Stock Exchange is trying to lure more companies back to the public market, even if it involves taking a less traveled route. +Bought in 2019 for $430k. Only put 5% down. Refinanced in late 2020 to 2.875%. I still owe $384k on my mortgage. + +Paid $100 for a broker price opinion through my mortgage lender. Figured it’s only $100, might as well take a shot. It worked and they took off my PMI, saving me $65 a month. +Hi all, +I’m an 18 year old female and have a trust fund that I can access at 21 containing 20k. I have goals to invest in investment properties in the future and was wondering if it would a better choice to leave the money in the trust fund to do so or instead invest it in index funds and leave it in there for the foreseeable future. I can put it into index funds right now by my parents as they have control over it. +I just want to know if you were in my position what would you do? +https://www.cnn.com/2019/03/03/investing/stocks-week-ahead-bull-market/index.html + +New York (CNN Business)1. Ten years gone: In March 2009, the US economy was in the midst of the Great Recession. + +The government had just reported that more than 650,000 jobs were lost in the prior month. The Dow and S&P 500 were each down more than 50% from their October 2007 peaks. + +And there seemed to be no end in sight to the doom and gloom on Wall Street and Main Street. +Our money is pretty automated - I have it all set up so it goes where it needs to when it needs to, but the times we need something outside the norm our current banks make it so difficult. + + +Their apps crash, the transfer doesn’t show as going through initially, it takes days to reach the other account and then duplicates a few times. + + +Ideally we’d be able to keep most things within the one bank but separated - big savings, smaller savings, utilities, spending, direct debits and transfers etc, and hopefully they’d have Osko or other fast payments. + + +If you’re very happy with your bank and their app, I’d love to hear about it. +> Billionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately not end well for those individual investors. + +> The ‘Robinhood markets are going to end in tears,” said Cooperman during CNBC’s show “Halftime Report” on Monday, referring to the popular online trading platform. + +> Cooperman referred to a Barron’s article that noted that free trading app Robinhood has added more than three million accounts this year, and now has over 13 million, with a median age of 31. + +> Thus far, mom-and-pop investors have outperformed pros like Cooperman and mutual funds, according to a research report from Goldman Sachs. It’s unclear, however, how long that outperformance will last and to the degree by which individual investors are piling into risky investments with reckless abandonment. + +> “Let them buy and trade. From my experience, this kind of stuff will end in tears,” Cooperman told CNBC. + +https://www.marketwatch.com/story/the-rise-of-a-mom-and-pop-investors-in-the-stock-market-will-end-in-tears-warns-billionaire-cooperman-2020-06-15 + +It seems to me Cooperman is just pissed that the Robinhood app and friends are making the stock market easily available to all armchair traders and that these folks are bringing a new layer of unpredictability into the game. + +What do you think ? +I want to go back to school to finish my Bachelors degree. I am 5 semesters away from completing my BA in Human Services. My husband fully supports me going back to school and wants me to quit my job in order to go back full time. Part of the reason that I would have to quit is that this degree requires intern hours in order to graduate and I would not be able to complete those while working 40+ hours a week. + +My husband makes 4 times my salary. I make $30,000 a year and the only benefit from my job is my retirement plan. Our health insurance is through my husband's job. However, I worry that taking away $30,000/year from our income will financially screw us. We just paid off over $20,000 of debt, and are working towards buying a house this year. We only have one car payment (his job provides transport for him so we don't need another). + +Edit: Thank you to everyone who has responded so far! There is a lot of amazing advice that is cementing all of the doubts I was having about this already. + +Some more info, getting a BA would earn me a pay increase at my job as I would qualify to complete more trainings. I work in finance and I am currently working on getting my insurance license. + +2nd edit: As this seems relevant to many of the responses I am getting, I am 24 and have no children. +So I just bought 100 OTM calls on some biotech company expiring 8/20, and the Bid - Ask was 0-5 cents. I bought them all for $500. Immediately the mid shot up 60%(to 8 cents). And then now I sold half for 10c each, and i've recouped my entire $500 premium investment. I can take the rest out and walk out with 60% profits on a 4 minute wait on a day trade. + +&#x200B; + +Is this normal? Is this legal? Why is this possible? Am I making a big mistake? wtf is goin on? +Hello! + +Pretty much, I wanted to know if there is anyone else out there like me! Often times I wonder if I am crazy for trading the way I trade BUT it has worked for me. So far I am up 3k in 2 weeks since reaching 25k. I recently got to 25k after 2.5 years of trading, doing the same thing. I have a strategy where "sometimes" I will briefly look at charts but most of my trading depends on "Price Action". It sounds crazy but I can tell about 75% of the time how a stock is going to go by watching the Price. My trades take seconds; I'm in and out. + +&#x200B; + +Actually my biggest losses have been from breaking my own rules and holding longer than I planned. + +I day trade penny stocks that have news or that are gapping up/momentum stocks. It sounds nuts I know but is there anyone else out there that does the same thing and doesn't use charts much? + +Also - I don't need any comments like "this won't work long term, etc etc. + +The stock market has risks in general; but I always say If it works it works and well this has worked for me. Maybe I developed something most people can't do? + +&#x200B; + +Anyway, Hoping to hear from you all! +I usually ignore YouTubers that cover trading, as they all tend to sound the same. The only one I closely follow is Nick Bencino because his way of trading is very similar to mine. + +Yesterday, I came across www.nononsenseforex.com, which also has a YouTube channel. My attention was attracted by the fact that he does not sell anything, and by the tone he uses. He is very blunt, way beyond the point of being arrogant, but I admit he is really good at hooking people in with his manners. + +He proposes a vastly different way of trading. He rejects pretty much all techniques, including S/R zones, and instead tries his best to place himself in the least popular side of the market in order to avoid bank manipulation. He is a firm believer of the theory for which banks prey on stop losses and goes to great lengths to explain everything he believes in a detailed matter. + +So, what is your opinion on him? I am always intrigued by those who don't sell a course. I mean, since he is not getting money from it, why would he bother do so unless he has good intentions? +This is from Livermore and I find it interesting. + +Not an exact quote: + +Asking a trader how do you make money by trading is not taken as a compliment. It's just like asking a doctor or a lawyer how do you make money in law or surgery. + +Trading is a accumulation of experience, scientific tests, recording(journals), due diligence and lots and lots hard work. There is **no** holy grail because the market is different every time and you need to have a basic set of principles flexible enough to accommodate it. + +This is why trading psychology is important. Because certain strategies fit certain people's personality. One of the biggest trading psychology topics I bet most newbies are lacking is restraint. If you want to start on trading psychology try practicing restraint (which ties in with discipline). + +Livermore advocates record keeping. Quoting: + +You must, I repeat, keep your own records. You must put down your own figures. Don't let anyone else do it for you. You will be surprised how many new ideas you will formulate in so doing, ideas which no one else could give to you, because they are your discovery, your secret, and you **should** keep them your secret +Shares of Apple hit their highest prices of 2016 on Monday as Samsung Electronics Co. Ltd.’s exploding-phone saga worsened and one analyst said Apple could sell millions of iPhones because of it. + +Samsung announced Monday afternoon that any Galaxy Note 7 devices that have been sold should be turned off, and said it was halting sales of the smartphone after replacements suffered a similar overheating issue to the original devices. Samsung had already decided to stop production of its Note 7 smartphone after several more phones caught fire over the weekend, telling MarketWatch that it was “temporarily adjusting the Galaxy Note 7 production schedule in order to take further steps to ensure quality and safety manners.” +http://www.marketwatch.com/story/apple-could-sell-another-15-million-iphones-because-of-samsungs-note-7-explosions-2016-10-10?siteid=yhoof2&yptr=yahoo +I just purchased disability insurance, critical Illness insurance and life insurance. After a life of poverty and struggling I feel like an adult now. We are finally getting on our feet and it feels so nice to have a peace of mind if something happens. + +Right now since we are young (30) the disability and CI insurance is more valuable to us than the life insurance. If we fall Ill or become disabled we can draw from that. The one I picked we would get $1400/month if that were to happen. + +Overall - I feel amazing. I'm happy to know if something happens my family is safe. Without my boyfriend income we would be screwed without my child care/cooking/cleaning etc we would be screwed. + +We surpassed our first goal - save 1k - then our second goal save 2k - we're on the third goal now. Honestly I feel safer as a result of getting insurance over having savings. + +It was a fraction of the cost too. They can work with your budget. We were comfortable with $200/month total - for $500 000 policy. They say 10x your income is standard. We will re-evaluate when we have more debt/assets. Right now I have 0 debt and 1 asset so 500k is fine. + +Anyone looking into getting it **do it** I highly recommend. It may be cheaper than you think! + +Edit: Sorry all - to clarify my breakdown goes like this : + +$50/month for life insurance, CI & disability +$50/month into tax free savings +X 2 for two people = $200/month +I have the kind that you can borrow against down the road. + +We have 0 debt so $500k is fine for us. We will re-evaluate when we have more assets and debt. + +Our critical Illness and disability insurance is more valuable to us because we're still young. + +Second edit: we're both smokers. I guess that's pretty important to know lol my bad + +Third edit since I'm seeing a lot of questions about it: we have term insurance. We will reevaluate later on down the road. +I used to shop at Walmart quite frequently. I remember thinking I was not willing to pay extra to shop at a cuter store, e.g. Target. +Well, lo and behold, I have found Target is beating Walmart prices on several items. My skepticism started when Walmart raised the price of their regular house brand mustard from $0.58 to $1.00 in one fell swoop. Meanwhile, Target still sells theirs for $0.65. There are several similar examples. +This is just to say, it seems like Walmart has joined the myriad companies trying to get away with raising prices more than is warranted due to increased costs. As a result, I am second guessing everything I buy from Walmart and am not shopping there as frequently. +I've noticed that a lot of people hear the word "bond" and recoil. But a bond is just a loan, backwards. + +When a bank issues you a loan, you borrow money from them. Later, if everything goes well, you pay them back. Also, you have to pay them some interest - Because it was nice of them to let you borrow their money, and they weren't sure you would pay it back. + +When a bank issues a "bond," you pay them money to buy it. And then later, you can cash it in for more money. + +Conceptually, the bank is just borrowing money from you. They take money from you, and then later, they give you the money back, plus some more money. + +The word "Bond" literally is just a loan, where you are the lender, and they are the borrower. + +Final note - I've said banks here, but governments and private businesses also issue bonds. It's just what large bodies say when they want to borrow money. +Issued| Share Count | % +---|---|---- +Issued|304,516,136|100% +Institutions| 36,824,662| 12% +Mutual Funds| 33,262,400| 11% +ETFs| 26,480,620| 9% +Insiders| 38,515,328| 13% +Insiders Stagnant| 15,472,272| 5% +Retail DRS| 87,269,512| 29% +Retail Remaining| 66,691,342| 22% +**Shares on Loan**| **87,060,000** | **29%** +**Share Short** | **53,880,000** | **18%** + +One could have the weak argument that the short interest is now **80.79%** (shares short / retail remaining) +[https://www.researchgate.net/publication/236973066\_Trend\_Following\_Algorithms\_for\_Technical\_Trading\_in\_Stock\_Market](https://www.researchgate.net/publication/236973066_Trend_Following_Algorithms_for_Technical_Trading_in_Stock_Market) +Today I was trying to sell a stock that has ended the day at $91 but when up to $190 after markets (it's a meme stock...) but when I tried to sell it at this price Degiro said the limit was somewhere around 110, why is this so? +I was searching for an option to buy US Treasury Inflation-Protected Securities as an alternative to mine local equivalent (I am from Poland). From what I understand mine only option as non US citizen/resident is to buy ETF that is based on US TIPS and that is why I started eyeing IDTP ETF. + +Since US TIPS returns are based on inflation and they never produce a negative return, how is that possible that this ETF was down 6% between march 2022 - april 2022? To my understanding the least return possible yearly on that ETF should be around 1% (as the ETF fee is around 0.1%), as this is return rate that TIPS have in case of negative or 0% inflation. + +Additionally, is this ETF more risky in case of fund bankruptcy than ETF that is following global indexes like VWRA? To my understanding VWRA is buying all the stocks that the index is based on, is the IDTP doing the same? (So that it buys treasuries, am I going to own those treasuries in case of bankruptcy?) +Hi. + +I'm new at this and finally managed to open an account at Degiro to start putting some money aside and invest for the future. My goal is to build a good portfolio so that in 5 years I have some money for a new car or a good vacation (which means I'm not investing big sums). In the Czech R., where I live, I won't pay tax on investment gains if I either sell them after 3 years or if the total of sale in a calendar year is less than 100k CZK. So, I don't expect to sell more than 100k in a given year and if I accumulate more than 100k, I will withdraw all to my Czech bank account at the end of the 3 years. My problem and my question is as follows: + +1. If I sell shares in Degiro (or any other platform), but do NOT send the money back to my Czech account, would that still count as "sell" for the Czech authorities, thus income tax might need to be paid? Or the income tax is only applied once I move the money to my Czech Bank account? +2. If I need to report income from investment or dividends, do I need some tax document from Degiro? They only provide the annual statement, which I think won't be sufficient for the Czech Tax authorities, especially as it isn't in the Czech language. +3. And to finish, if I don't meet the criteria to pay taxes on selling shares or if my dividends tax are withhold by Degiro, I assume I don't need to fill the tax form with any numbers, correct? + +thanks +Just to share a little bit of a context. I just got married in the begging of June and me and my wife are planning to buy a 2 bedroom apartment in the city we live in (Cluj-Napoca, Romania, Europe). We both have very good jobs (me in IT, her in marketing) and were wondering about the context of buying a house now. + + + +What would you guys say? +I'm a UK citizen who moved to Germany in 2015. Since then I've maintained my current account in the UK, however I don't use it for anything. The likelihood of me returning to the UK is very low. I plan to stay here for life. Is there any benefit for me keeping this account open? + +I also have a Halifax Clarity card which is highly recommended for use abroad due to low fees e.g. for holidays, however I also have a credit card from Wise & from my German bank (DKB) that serves the same purpose. + +They cost nothing and require no maintenance to keep, however as an exercise in financial spring cleaning, I'm considering closing both the Halifax card and the current account. +Hi, + +I am looking for an advice on the brokerage account in Germany. I intend to use it for ETF investment, monthly transactions. I am an EU citizen and for the time being I plan to stay in Germany, it is likely it won't be forever though. + +Would you have an advice/recommendation on some user-friendly, safe and low-cost account that would be agile to support in the long-term too? + +With the research I've done so far I lean towards Scalable Capital but happy to hear from more experienced folks. Many thanks! +I'm trying to get a better picture of how much awareness there was of the booming tech industry in the 1990s and early 2000s. + +How comparable is it to the crypto boom today or any other (tech-unrelated) field? + +&#x200B; + +It seemed very easy to just make a "startup" if you were into programming and could actually build something of value. Sure the resources were not really there and the tools were limited. Making a simple website was for example much harder than it is nowadays. However many people could have tried their luck but they didnt. I'm trying to figure out why. Maybe only a few people knew about the upcoming new technology or they heard of it but remained sceptical? +From CNBC: + +Take-Two Interactive is buying mobile gaming company Zynga for $12.7 billion, marking the latest blockbuster acquisition in a string of major deals in the video game industry. + +The company announced Monday that it would acquire all outstanding shares of Zynga at $9.86 a share, a 64% premium to Zynga's closing price Friday. Shares of Zynga skyrocketed 49% in U.S. pre-market trade. + +"This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," Take-Two CEO Strauss Zelnick said in a press release. + +Actual article [here](https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2022/01/10/take-two-interactive-to-buy-farmville-creator-zynga-for-12point7-billion.html?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16418183790957&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2022%2F01%2F10%2Ftake-two-interactive-to-buy-farmville-creator-zynga-for-12point7-billion.html) +Or do I not understand what that phrase means. + +Price going up as the merge approached and now dropping after the event itself. It went off flawlessly. We use barely any energy and demolished the issuance rate. Win-win — and we’re under 1500. + +Is this a good example of “Buy the rumor, Sell the news”? + +Rumor: “I hear the price of Eth will skyrocket after this merge thingy.” + +News: “The price didn’t magically rise, I better get back some of what I spent.” +>Nvidia shares have climbed 20% this year but the stock is still 45% below its high from 2018. + +>Analysts expect the company to report a drop in revenue as it works through excess channel inventory. + +>**Earnings:** Excluding certain items, 81 cents per share as expected by analysts, according to Refinitiv. + +>**Revenue:** $2.20 billion as expected by analysts, according to Refinitiv. + +https://www.cnbc.com/2019/05/16/nvidia-earnings-q1-2020.html +Since, I'm managing my own properties at the moment, I was wondering if managing properties for others would be lucrative? + +For investors: + +What makes a property management company good to you? + +What are your criteria? + +How much % and $ would you pay if you find such company? + +For property manager/management owners: + +Is it worth it? + +Profitable? + +What made you want to become one? What was your background before this? +I'm 24, have some money saved up and looking to make some passive income. I live on Long Island, but across the bay in Bridgeport, CT I'm noticing that condos are going for very cheap, like in the $20,000 range. And it looks like condos in the area rent for about $1,300 per month. I know Bridgeport isn't the best area, maybe that's why prices are so low? Is it a good idea to buy one of them and try to rent it out? +Hey everyone. I just graduated from college with a decent-paying job ($36,000 per year) and I currently pay $400 in rent for a room in a house with 6 other roommates. I keep reading/hearing advice that it's irresponsible to get a place of my own and a pet. (See here: http://www.tradingacademy.com/resources/financial-education-center/finance-advice-for-grads.aspx). My parents, bosses, friends all say that it's a terrible idea, but I'm really tired of living with that many other people. + +The place I'm looking at now would raise my rent to $700. I have student loan payments of around $50 a month. I think I can afford it. Is this decision really that irresponsible? Anyone else have any experience with this? +Every time I talk with her about investing more into vanguard ETF's she gets emotional, gets angry and upset, and says I'll lose all our money. She has the same mentality as my Dad, who once said "Why would you invest in the stock market, might as well go to the casino and put it all on red". Even when I show her our track record in the portfolio, she still doesn't really believe it. + +I already invest into vanguard ETF's, but our investment amount could be 10x higher with having no negative impacts on our lives. + +Its pretty frustrating, we have around six figures sitting in our savings account and we have no plans to do anything with it. In 18 months that amount will double because of our savings rate. + +Anybody have any tips or tricks to help the missus understand about investing in the stock market? +Asking for a friend. Her husband applied for loans in her name then took the money and left the country and applied for a divorce. What can she do? Apologies if this is the wrong sub for this. +**TL;DR:** Being a really bitter person with an enormous chip on your shoulder can get you ahead in life! + +This is a very long story, but to get the full effect, I think you need to have the appropriate context. + +Just about twenty-eight years ago, I was born in a washed-up mining town in rural Idaho. My mother was a highschool drop-out, my father was a laborer for the Department of Transportation. My father made decent, blue collar money and my mother worked only intermittently at convenience stores and bait shops. When I was three years old, two things happened: My mother gave birth to my brother and my father was thrown from his vehicle trying to avoid a passing herd of deer on his way home from work. He wasn't found until several hours later, at which point he had already died. + +My mother had no support system. When she dropped out of highschool and married young, her mother and father had disowned her. My father's family had always disliked her intensely -- she was my father's second wife, and they were heart-broken when he'd gotten a divorce. They were absolutely unwilling to help her. At the time of my father's passing, my mother had finished her GED, but that did not greatly improve her job prospects. + +She got in contact with an old boyfriend who was living in Forth Worth. He offered her a place to stay while she got on her feet. She scraped together every last dollar she could and took my brother and I to live in Fort Worth, where she planned on pursuing a career in nursing. + +We all crashed on the boyfriend's couch for the first year there. My mother attended nursing school, and while our lives were quite spartan, we made it work. Then her boyfriend relapsed, and my mother started using drugs, too. She dropped out of school and lived a pretty hardcore life for close to a year. She asked her boyfriend's parents if they could watch us for awhile. We saw her three times during that first year, as she spent most of her time on the street. She came to visit during holidays and spent our time together crying. + +After that first year, she started to get her act together. But recovery is difficult for anybody, and it took a further four years before she could be called functional. After that first year, the boyfriend's parents refused to care for us, and they kicked my brother and I out onto the street. There was a whirlwind three years where my mother moved us from house to house, constantly getting evicted, hardly able to hold down a job. We lived in cars, at homeless shelters. On more than one occasion, we slept in somebody'd barn. + +From the age of three to eight, I attended six different schools. Because each school had a different sequence for how basic skills are taught, I had to teach myself to read and write. Where one school would teach handwriting in 1st grade, the other would teach it in 2nd. As a result, when I transferred to a school that had taught it in 1st grade, I still hadn't learned it. My handwriting is still terrible to this day, and sometimes people remark that I don't "write" alphabet letters so much as carefully "draw" their approximations. I missed weeks of school every year, but was still pushed ahead to the next grade, despite not having the requisite skills or ability. + +On my ninth birthday, my mother finally reached out to her parents for help. They reluctantly agreed to give her shelter -- mostly, I think, because they wanted to see their grandchildren. We moved back to rural Idaho and lived in a small, weather-beaten shack that my grandparents owned. At this point, my mother had gotten clean, but she had also become irretrievably paranoid. She never used again, but she often ran away from home. She was committed to a mental hospital more than once. Shortly before I graduated highschool, she died from complications due to Hep C. + +Nobody at my highschool spoke to me about attending college. From the time I was a freshman until I graduated, not a single adult told me how to conduct myself as an adult, how to apply for jobs in the working world, or how to apply to a university or community college. Not my teachers, not a school counselor. Not my mother, not my grandparents. Quite literally nobody. + +So when I graduated highschool -- and my grandparents evicted me from the house -- I started my adult life with no car (and no license), no money (not even a bank account), and no friends or family to help me along. I had my social security card and my birth certificate, and that was it. I was cut adrift in a rural town with a population of 250 people that was three hundred miles distant from the nearest city. + +I spent the first two years hitchiking from one place to the next, taking small jobs where I could find them. I was a ranch hand, a machinist at a sawmill, a roofer, and a grocery clerk. Eventually, I found a stable job stocking the shelves at a supermarket. I saved up enough to afford a small studio apartment and a computer. I slept on the floor. At some point, I was struck by an incredible anxiety. I saw the route that my life would take if I continued stocking shelves and found the determination to go to school. + +The only thing I knew about college at that point was that you had to attend to make any real money. So I researched what I had to do to apply, took the ACT, filled out a FAFSA, and got accepted to a state university. I enrolled in my first class at the age of twenty-two, and I had literally nothing in common with any of the other freshman, which could be depressing and alienating at times. For the first three years I was there, I didn't take out any student loans. Here is how I afforded that: + +* I didn't have a car. I walked everywhere. + +* I sold my plasma and semen. + +* I worked 32 hours per week at a local hotel on the overnight shift. Because the overnight shift is mostly seat-warming, I bolstered my income by writing papers for students. I found customers by posting on craigslist. + +* When I had no papers to write, I applied for literally every scholarship that I could find. Hundreds of them. + +I graduated in three years (with a degree in English Literature), at the age of twenty-five. I worked odd-jobs around the state of Washington, finally bought a car at the age of twenty-six, and then returned to graduate school. During this time, I also found a job I enjoy. I paid close to ten grand out of pocket for graduate school, took out $15,000 in loans, and graduated a couple weeks ago, age of twenty-eight, from a fairly low-tier school. I went to graduate school full time and worked between 50-70 hours a week, depending on the time of year and at what stage of production my projects were at. For the first half of 2015, I did not have a single day off. I had one nervous breakdown. + +I'm currently making $46,000 and have had job offers for between $55,000 - $60,000 now that I have my degree (which is in statistics, more or less). Now, I have three choices: accept one of those jobs (of which I'm not terribly fond or excited by), wait six more months until I have some more professional development and certifications (at which point, I can start going after my dream job), or accept a poverty stipend to get my doctorate from a relatively high-value school (I would not be finished with school until I was 32-33 years old). I've yet to decide, and that's where I'm at now. + +Beyond selling your body, there's little advice I can give those of you who are deeply impoverished and need to find a way out. I've told you what I've done, but it would be presumptuous of me to say that you should do likewise. That being said, there is one more suggestion that I can give. It worked for me. Maybe it can work for you. + +Find your motivation. For me, my motivation came from fear. The fear that I would turn out like my mother, a destitute high-school drop-out with mental issues. That I would always be poor and that life would always be a struggle. Later, that fear gave away to resentment -- that I was better than my peers, my coworkers and my classmates, and that they had lucked into an easy life and had been carried to success on the shoulders of their family and friends. All through graduate school, there wasn't a single thing I did that wasn't motivated by resentment or fear. But when you've spent your youth sleeping on asphalt, what further motivation do you need? + +Seriously. + +How many more times are we going to bite on hype backed by unverifiable DD? + +5? 10? + +It's been 125 long years since I joined this saga last January, and I genuinely don't understand what's real and what's not in this sub anymore. It's very difficult for me to tell right now whether people are muddying the waters of understanding because they're genuinely confused, or if they have ulterior motives. + +One thing I do know, however, is that shorts haven't closed and GameStop is in the process of building an awesome business. I also know that Gamestop posted the number of directly registered shares on their 10q for a reason. This is the closest they can legally get to telling us to directly register our shares themselves. + +I simply don't understand why we're discussing anything else on this sub. This is the solution. This is the only thing retail can do to help themselves. + +No one else is going to help us. + +The SEC won't (duh). Gamestop's hands are most likely tied legally. Literally every other entity in the financial world wants us to fail. + +There's no other way out. Until we forcibly remove our shares from the clutches of the DTC, nothing will change. We're playing in their house by their rules and they will continually pull the rug on us. + +Genuinely ask yourself: + +* Do you think it's a coincidence that we see options hype pushed before every big expiry date? +* Do you think it's a coincidence we see future's/swap hype pushed right before they change swap reporting requirements? +* Do you think there are any regulations or payment due dates they don't know about months before us? + +I don't. + +They know every single theory we have and they're very familiar with the system they've built for themselves. I think for over a year they've been carefully dragging our collective balls/ovaries through the glass of hype and subsequent disappointment when nothing they build up comes to fruition. + +DD is what got us here, but the next step in our evolution is realizing that we have to de-prioritize it to focus on DRS. The market is simply too opaque for us to verify any theories and we already have the answer. We need to stop taking chances. + +To clarify, I am not saying DD writers are shills. I think the vast majority are not, and they've contributed greatly to the sub and the general spread of knowledge about this fucked up situation. I am saying that if you care about the price of GME and your rights as a shareholder, you should take a second and really ask yourself what purpose non DRS/Computershare posts serve in the sub at this time. + +We know we already have the answer and we know they're trying to distract us. Why would we open the door to literally anything else? + +I think it's easy to forget the real world implications of the ideas and opinions shared on this sub. It's easy to forget the magnitude of situation. + +If what we believe is true, it represents nothing less than the erosion of global market integrity. We have unwittingly stumbled into the middle of one of the greatest financial crimes in history, and we have the opportunity to make the perpetrators pay exactly the amount they owe, not some class action lawsuit or slap on the wrist fine. We are in the extremely fucking rare position of being able to actually change something by hitting them in the only place they feel anything; their wallets. + +Given this context, what else is worth talking about right now? Seriously, ask yourself. + +If there's even some possibility of us being right, then no amount of boredom is worth diluting the message of how to solve it. We need to be singularly focused because distraction is their primary weapon at this point. Anything we can do to spread the word about DRS or increase rates of DRS should be done. Even if every post on here was a purple circle and it only increased rates by 1%, that's worth it. + +Cite the Ally debacle for further evidence that DRS works and we will continue to be fucked unless we forcibly remove shares from their hands. + +There is no quick or easy solution. Registering 60 million shares is a very tall task and will take a very long time. We need to expedite this process as much as possible because before long we might not have a sub to communicate these messages on and DRS rates will grind to a halt. Make no mistake, they are planning how to fuck us over around the clock. They will buy reddit. They will lobby for laws that prevent direct registration. They *will* fuck us over if we give them enough time. + +They're definitely shitbags, but they're also some of the richest, smartest, and most powerful people in the world. They will stop at nothing, do not give them a chance by prolonging the process or procrastinating. + +The opportunity you have been presented with is very unique. Don't let it go to waste. + +**DRS is the only thing that matters.** +As a child, my wife's family lived next door to a couple that had no children, but loved having the neighborhood children over all the time. They were like grandparents to many of the neighborhood kids. They both passed away over the last few years, in their mid 90's, him first then her this spring. My wife chose some specific mementos from the estate, but did not expect any financial inheritance. We received a call today from the executor of the estate that there is an annuity with my wife listed as the beneficiary, and gave us some contact info for the insurance person to speak with. The executor doesn't know the amount or any of the details, but seemed to think that it's a straightforward process where we contact the insurance guy and he'll have us fill out some paperwork and cut a check. + +Is there anything else we should know going into this process? Does anyone know what a typical value range for such an annuity might be? Thanks! + + +**Edit**: Just spoke with the insurance guy. It seems that the annuity was created with $5000 initially, but has grown through the years to $23k+. He indicated that the growth will be taxed as income, and we'll get a 1099 at the end of the year for that. The only option he has is to disburse a lump sum, since in the policy only a spouse can continue the payments, but since we're in-state he'd be happy to work with me if we're interested in buying a new product. The only snag is that my wife's last name changed when we married, and is no longer the same as what's listed. He's looking into that and will then get us the forms to fill out. Overall, seems pretty straightforward. I appreciate all of your responses, and now know a lot more about annuities than I did yesterday. + +**Edit 2**: Seems that we'll just need to send in a copy of our marriage license along with the claim form. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +So I'm a US citizen that lives in Thailand. And I am successful swing trading options (mainly selling spreads with high implied IV on overbought/oversold stocks and buying options when I see a good opportunity, but impld IV is low). + +And I REALLY like Futures as well, but for over a year now I've been trying to day trade them. But, for me that's actually night. + +So after a pretty full day it's 8:30 PM my time and I'm trying to trade sometimes until 1AM or 2AM my time. I do "okay" but not great. I usually have three screens up and I'm watching order flow and footprint charts and all that. + +But I started getting burned out and I don't want to stay up that late (or I just want to go out and see friends). + +So I thought I would start taking swings with Futures similar to how I do with options. Which is...just wait for an extreme over-bought or over-sold condition based on 14 RSI on a 1 hour chart, set a stop below or above support / resistance and just...fucking walk away and go on about my business. + +Futures being more "volatile" I thought it wouldn't go very well. + +But in just one week I've made almost $30,000. Of course that's not enough data, but man it is REALLY cool! And SUPER promising! + +So I'll show you a couple of quick charts I marked up. + +I took this trade on Crude Oil, I circled where I saw it was over-sold, and I circled the MACD because that more or less confirms me to stay in the trade. If I don't see that the MACD and my MAs are crossing up (signalling a reversal) I'll get out before my stop is hit. + +Anyway, so I take this trade at about 1PM EST (before i got to bed) and I just...forget about it. + +I wake up this morning at 11 PM EST (10AM my time) and I'm up over $6,000 on 5 contracts!! + +It worked out BEAUTIFULLY and I'm consistently surprised at this. + +Here's the chart: + +[https://imgur.com/dCdvA5k](https://imgur.com/dCdvA5k) + +I moved my stop up a bit so that, no matter what, I'll be profitable about $3,000 but I'm about to head to the gym and I'll check it later. + +And also I took a trade on gold. + +So here, I'm showing two trades. The previous one I sold at an "overbought" state, everything confirmed me to stay in, then I covered when MACD crossed up again. That trade made me $1,500 about. + +The second circle you see is I sold again when it is "over bought" and it looks like MACD and MAs seem to be turning, so I went short. You can see it's (-$99) at the time, but you'll see I put my stop above whatever previous resistance there was. + +[https://imgur.com/9JOp1ur](https://imgur.com/9JOp1ur) + +&#x200B; + +I'm risking about....3% to 6% of my account on each of these trades, depending on how wide the stop is. + +So far my stop has only been hit once and I've taken several of these types of trades this week. + +What I REALLY like about it is that it gives me rules for entry. I wait until something is over-bought or over-sold on a 60 minute chart and I get out when MACD crosses or MAs cross or maybe if I went short at an over-bought state, it is now "over sold." + +So there are clear indicators for me getting in and getting out which makes the decision making process very simple. + +The other thing I like is I just kind of...take the trade and walk away. + +No sitting there analyzing it. I know my stop is acceptable risk at a good point above the nearest S/R -- so I'm fine if I take a full loss. + +It's a very nice psychologically "easy" thing to do. + +Thought I'd share! Let me know if anybody else is doing this and, if not, give it a try and let me know how it goes! + +I'll keep you updated end of next week ...who knows maybe it all goes to shit. + +**UPDATE @ 6AM EST:** + +Crude retraced a bit, heading back up, moved my stop up a little bit, but the trade is pure profit now so I'll just ride it until it stops out: [https://imgur.com/2CMIZRW](https://imgur.com/2CMIZRW) + +That Gold trade I took involved ZERO thought. I just happened to look and see that it was over-bought and looked like MAs/MACD was turning down (see previous chart) took the trade and stepped out. Honestly I expected it not to work (I expect it almost every time) but after being out all day I come back and it's up $1,950 and breaking down like clockwork: [https://imgur.com/Qelp23m](https://imgur.com/Qelp23m) + +What a nice, simple way to do things. Guess this will be my last trades for the week. I'll be tickled pink if this continues to work over the ensuing weeks / months. + +**UPDATE @ 9:25 AM EST** + +Stop hit on Crude Light for a +$3,100 profit while out for a walk. + +Gold still going strong and breaking down, currently at $3,750 all indicators are confirming that more downside is happening: [https://imgur.com/96Tnd4B](https://imgur.com/96Tnd4B) + +But honestly, I want to go drink soon because it's Friday and I may just take the position off because I don't want to be thinking about it while I'm out. Will provide a final update in a bit. + +**UPDATE @ 9:35 AM EST** + +Out on gold @ +$3,500 profit. I think it might keep breaking down, but I don't want to sit around and watch it. + +BEER TIME! + +I'll take screenshots of my trades over the next week and share them at the end and see how this continues to do. For me this was a lot of fun and a very surprising turn-out for what is a pretty dead-simple "strategy." I'll see where it goes! + +**UPDATE @ 12:47 PM EST** + +Ugh -- okay I'm kinda drunk, but I was going through various futures again and noticed Soybean Meal Futures were overbought, so I just went short 5 contracts. Chart is here: [https://imgur.com/F65Fwz3](https://imgur.com/F65Fwz3) + +Started working out almost immediately. Have a stop at about 3% of my account. I'm done staring at the market at this point. I'll probably hold it over the weekend unless it does something bananas and reverses. + +But damn...this is a lot of fun. + +I also want to say very quickly that I have been learning this for 3 years and I was unprofitable for 2.5 of those years. I blew up 5 accounts, rage quit at least 50 times, and have gotten so frustrated I shed tears and punched a hole in my wall. + +I do not want anyone here to get under the illusion this is "easy" especially since I know that this may be a fluke. + +The key is risk management. + +So please if you are new don't be like "OH trading is easy just do this RSI thing!" + +I'd say at least three months of this on Futures is necessary to even know of this has longevity. + +Paper trade it...maybe use the micros. See how it works for you. + +I can't tell you how many times I got caught up with posts like this and failed at the way other people did things. + +And I don't want any aspiring traders to get in trouble because I posted a few short term gains and made it look "easy." +I'm 23 years old, I'm graduating college with my Marketing degree in December, and I have just about $70,000 in debt across mostly federal and state loans. I am not an expert in economics, far from it, but what little I know about it, I'm getting nervous. I remember 2008 just enough to know I don't want to end up like a lot of the college grads did then.Regardless of your opinions on the economy, what are the best ways to recession-proof myself? + +&#x200B; + +Edit: I'm not sure if this is the best sub for it, so correct me if I'm wrong. As an additional note, I live at home in NJ, commute to school, and looking to end up in DC after grad. +I’m in a situation where I can purchase a home, most homes near me are 4+ bedroom. I want to purchase something in my name just so I own and am not paying rent, but condos and townhomes don’t really exist here and those that do are selling almost for what a house on top of having high HOA fees, so that’s out of the question. + +My hesitation stems from the fact that I feel a house is just a huge waste on me. Even if I turn one bedroom into an office, half the bedrooms will sit vacant most of the time. Compared to my 1BR apartment, I’ll have a huge kitchen and living room and dining room and foyer which I don’t really need. + +I just feel like it’s overkill for now. I do plan on having a family in the future but not within the next 5 years for sure so at the minimum that’s how long I’ll own “too much house”. I have already decided that I want to remain in this area for life due to family and friend reasons so I’ll likely never sell this house, which is why I want to get in early and start paying it off. +Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you.Thank you. +The Americans on this site constantly mention how their lenders sell their mortgages and they end up having to deal with other institutions, usually one of their 'hated' majors, like Wells Fargo. + +Why isn't this common in Australia - are there laws against that sort of thing, or that the economics are different in this country? +When I moved here about a year and a half ago, I got a nice apartment for about $900 a month, only 15 mins from work. Now I’m looking to move in August and wanted to see what kinda options I’d have, and rent seems to be $1,200 a month minimum in this area now! I pay about $980 and even that’s stretching my budget. $300 avg increase in less than 2 years, almost 30% (is my math right?) + +So now I’m considering moving further away, having about a 40min commute, for about $1,000 a month. I don’t mind long morning drives because it gives me time to listen to a podcast and eat breakfast to wake up a little. But 40 mins seems like a lot and it would be the longest commute I’ve had. + +Which would you do: $1,200+ for a 20 minute commute or $1,000 for a 40 minute commute? Please give me your insight and opinion on this matter, as my mom recommends I just move back in with them for a 1.5hr commute lol. +House prices are crazy high and so many young people are facing the prospect of renting for their entire lives. + +What do you think is going to happen in the next 10-20 years? Not just house prices, but economic policies and impacts on companies based around property in the UK? +I'm considering moving to an EU country soon, but I'm hesitant to sell all my stocks. I'm with freetrade and they close your account if you become a tax resident outside the UK. + +If I just... don't tell them...Will they find out somehow? +Apologies if there is a similar thread. I just moved to the UK from the US and was wondering what kind of platform ppl used here to buy stock and shares. The tax laws here seem to be quite different, and obviously I don't want to get into trouble! A bit of googling seems to show that some but not all platforms offer these ISA which is tax-free caps a certain amount. Is that a good thing to use? I have heard plus500, trading212, ig, etoro etc, even my own bank has ISA. Which one of these are the best, and which one do you use? Thanks! + +Edit: I am not a US citizen and not yet a UK permanent resident either, but my wife is a UK citizen so she can setup the accounts in the UK for us if needed. +We all talk about emergency funds, index trackers, the odd single stock punt and maybe a few moonshots investments, etc. But do you invest in other things? + +Anyone here into art? Or gold, jewellery or other commodities? Or maybe even retro consoles, stamps or something antique? + +I’m bizarrely taken by the idea of collecting something antique and limited in supply, but don’t really have the funds to do so yet. + +I’d love to look back in 20+ years and have more than just good numbers on an app. + +How about you? +edit - I came up with a far better title: **Why I YOLO on LLOY** + +I have held my Vanguard for three years and since then had read a few books (albeit badly) that inspired me to take some risks: Armchair economist, Freakonomics, Thinking Fast Thinking Slow, 80/20 Principle, Algebra of Happiness, Smarter Investing, somewhat through Intelligent Investor but it's a slow read. + +I had never experienced picking individuals and foolishly it was something which I wanted badly enough to open with AJBell this FY. Tbh I regret it so if you're already happy with your Vanguard offerings then I can't say I'm happy to own individual picks now. Hopefully I'll get onto the psychology of why later. + +So why did I pick LLOY? +I'm not going to say that I'm ecstatic about it. It was painful to push the button on it. I am extremely bearish (in life not just investing!), this comes from being a millennial, and I am certain that there is a government/company waiting just around the corner to overcharge me for goods and services. + +I did do some quick maths from the tiny fraction my pea brain gleamed from Intelligent Investor: + +Assets - 1065.871bn +Liabilities - 1000.070bn +Long Term Debt - 143.312bn + +1065.871 - (1000.070 + 143.312) = 1065.871 - 1143.382 = -77.511 + +Lloyds really doesn’t appear to be a good buy. + +But I did so anyway… Somewhat probably from thing's I've not fully understood from Intelligent Investor! + +Banks are out of favour. They have been out of fashion as long as I can remember. + +* The financial crisis. The government bailout, which when you look at it now has Barclays comment of 'never took a Govt. bailout' isn't as good after learning that LLOY bought HBOS after being strong-armed by the Govt. for them to learn that there was some weird accounting going on. + +* PPI Scandal - no idea how this got so out of control. It was an amazingly American style campaign that went on as far as reclaiming it went. It very much reminded me of when I was a child and would forever see compo ads on the telly. + +* The FinTech new banks. I have nothing bad to say about this bunch I love them, they are doing the lords work. The industry definitely needs shaking up, I remember the days where my banking app mandated a different keyboard from my Android phone for security purposes, fantastic way to 1. freak people out and 2. ruin the usability of your application. The innovation of usability and access which these FinTech's bring is fantastic. But I'm not going to take a loan out with them, my parents aren't going to be able to take a mortgage out with them, and my parents definitely won't get an account over and above their brick banks. When switching becomes even more effortless nobody will probably be with the same bank for more than a year. + +Go on why did you buy it despite all this then? + +Intelligent Investors advice when looking for value is to find companies which are out of fashion but still adequately ran (probably a better word there for adequately). + +This isn't the 2008 financial crisis - we aren't in this mess because the Banks released a deadly virus. But that doesn’t mean that LLOY wasn't heading for failure before this. The stock was performing badly before this storm. The profits we're lower than expected but they had the PPI bill to pay. + +The bank is led by António Horta-Osório - he has led the bank since 2011, nearly 10 years of service. He even took time off for his mental health before it was cool to do so! They're even reducing their emissions by 50% by 2020. Forget Elon, this guy is as fellow kids as they come. + +I'm not worried about the FinTech's yet. I have a few fintech accounts and they're great. I rolled out my joint account in a few clicks. I use it for all my spending. One thing which I think the FinTechs will do better with is getting extremely rich data on their customers spending habits and will therefore be able to sell this to aggregators for a higher price. LLOY have a £3bn digital transformation project which should be completing next year, we'll have to see what they have come up with. + +(you can tell I started to give up here) +LLOY is the leader in the Mortgage market. They even have the Tesco portfolio! Should the country not be able to afford their mortgage bill, I just can't see the government letting it all go. They helped fund this BTL nation through their mortgage interest write offs at the time when rental yields were far higher and so were interest rates! There won't be anyone around to buy the repossessions, all the elderly are dead from Corona, and the youth don’t have any money to buy the houses. I don't think prices can go down to the point at which GenX/Mil can pay for them regardless. The next Govt. handout I can see is an enforced mortgage readjustment by the Govt. to the lenders for as long as borrowers need. + +There is probably far more which might back this up, but that doesn’t matter because the answer is that this was a risky buy, I have no doubt there is 10 fold more rationale behind not buying this. Just look at the guy the other day who was selling his WH, 200% what a lucky sole, their website was absolute garbage in a time when everyone is betting online! + +Anyway finally, the psychology behind why I should have stayed with VG. There are no purchase fees! When I buy through AJ and I see that there is a £10 dealing fee I feel a loss. This is mentioned heavily in investment books but I want to talk about the psychology behind it. In Thinking Fast Thinking Slow there is lots of talk about how we as humans react to loss, there are lots of studies mentioned in the book and it is fascinating. The essential take-home point here is that we as humans see loss completely different to gains. You can feel ecstatic finding £5 on the floor but feel a huge sense of dread when a scooter taxi rips you off by £5 in Vietnam and you think about it for the rest of your life! + +If you can gleam one thing from the Bitcoin culture its HODL! +Hi, + +Currently using HL which has a very high expense of 11.95 per commission which doesn’t really matter as investing long term and not looking to regularly trade stocks or ETFs. + +However, HL offer monthly direct debits which only cost £1.50. So over a year it’ll only cost £18 to make 12 separate investments. + +But, is it worth spending? Could just do one main sum each year at a cost of £11.95 and therefore spend about six quid less? + +Is it because buying in monthly the expectation is you’ll be buying in at a lower price supposedly but that can always fluctuate. Direct Debit you can not pick when they invest either. It’s a set choice from the company. + +Be great for some input. This would be payment to the global cap VWRP and SMT possibly. + +Would be about £300-£400pcm across the two ETFs with more into VWRP. Some answers so far suggest monthly is better as on average would usually be buying in at lower cost but opinions welcome. + +Also how often would you rebalance a portfolio. Only recently began investing so bought a few individual stocks such as AAPL and MSFT. Wouldn’t sell those but there’s a few owned that would probably sell. Would it be best to hold and try to margin the loss and try break even or just sell now and put the money back into bank account then put into the direct debits? +I'm considering moving to an EU country soon, but I'm hesitant to sell all my stocks. I'm with freetrade and they close your account if you become a tax resident outside the UK. + +If I just... don't tell them...Will they find out somehow? +Some of the most popular posts over the past several months have consisted of "50+% of the float locked!" or "50+% of the free float locked" when that is demonstrably false. + +Institutions, ETFs, mutual funds and 'stagnant' shares are available to be sold, lent or used as locates to satisfy hedging options contracts. They are floating. + +This is an extremely unpopular 'opinion' (fact) and I don't expect this post to get much traction, but I feel it should be said. Either by ignorance or malace this misinformation continues to spread throughout the sub. + +An estimated 28% of shares outstanding have been taken off exchange, that's remarkable. Tack on insiders' restricted shares which are 13% of shares outstanding gives a total of 41% of the company 'locked'. + +TL:DRS - setting goalposts at 'available' shares or using the wrong definition for free float is short sighted and will set people up for disappointment. +I seem to have been at the 1 million (GBP) milestone for a few years, but haven't been able to push far beyond. I'm self-made through my dedication to saving, ruthless judgement on purchases, and businesses I run. I have 25% of my NW in index funds / premium bonds, 25% in my businesses, 35% in the home we live in and 15% in Bitcoin and other assets. I'm 41yo with partner and child. Our family won't be growing and whilst it would be great to move house one day, we are comfortable with where we are, and take many trips away thanks to owning a campervan. We don't have expensive taste, no fine wine or watches, and probably live on 40k per year. I know this NW is hardly anything compared to many of you, but I'm sure some of you were in this position at some point. I've never considered property investment, not entirely sure I have the stomach for it, and I forecast my businesses will continue to operate at existing levels (a mere 80k per annum) for another 5 years; albeit on very few hours actual graft each week. I'm a hard worker, strong work ethic, so starting a fresh business is certainly on the agenda but what else might I want to consider. I'm at a point of struggling how to reach my target of 5mil. Some will ask why I want to reach that; because I want to jump a couple of runs on the ladder for our next home, and I've always had a passion for cars and would like to finally get in to a supercar, rather than sports car. Above all, I want to provide a future for my son who suffers from a number of disabilities that will likely impact his chances of a 'normal' life when he's an adult. My post is because I'm lacking motivation right now, and to that end am not as happy as I could be. Any suggestions greatly appreciated. +I understand how theta works in our favor and I understand delta is how much you gain per dollar of movement but why does it matter so much to theta gang. +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! + +Times are bad, and I know that many of us are 40-50% down on our blockfolio. So let me tell you one thing. + +I started taking interest in cryptocurrencies in the june of this year. Initially it started with following the prices and checking CMC daily. Then, in july the prices dropped and I decided that it was the right time to get in. I got in when ETH was at $200. In the early days, what I was doing was pure speculation. All i knew was that Bitcoin was a decentralized currency and that it had some great benefits. + +Some weeks later, I started reading and watching videos about the other coins. And trust me, when I learnt what Ethereum was, and what it could potentially do, I was shocked and got chills down my spine. This was right out of the sci-fi, for me at least. I kept on reading more and more, and there were times when I got so excited that I COULDN'T SLEEP AT NIGHT BECAUSE OF ETHEREUM. + +This is the kind of excitement you feel for something when you know that it's going to change the world, it's going to be the most formidable force in the entirety of existence. I was happy beyond measure because I would be living a revolution. My feelings and my certainty about Ethereum have grown only stronger. + +I want to remind you why you invested in ETH in the first place. Think of that before panicking, or fudding. + +Hope I could be of some help. +https://www.bloomberg.com/news/articles/2019-09-25/why-is-health-insurance-so-expensive-20-000-a-year-for-coverage + + +The cost of family health coverage in the U.S. now tops $20,000, an annual survey of employers found, a record high that has pushed an increasing number of American workers into plans that cover less or cost more, or force them out of the insurance market entirely. + +“It’s as much as buying a basic economy car,” said Drew Altman, chief executive officer of the Kaiser Family Foundation, “but buying it every year.” The nonprofit health research group conducts the yearly survey of coverage that people get through work, the main source of insurance in the U.S. for people under age 65. +Hello everyone! Happy Father's Day and Juneteenth!! + +Welcome to another week of forward looking technical analysis with me u/gherkinit a.k.a. pickle dude (apparently). + +This week is most likely to be a pretty wild ride hopefully I can shed some light as to why and what to expect. + +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. The Holiday weekend created some delay's so I will be posting this at 9pm EDT tomorrow on 6/21/21. + +# Part I: Technical Analysis + +**The Ascending Channel** + +Well this one fell apart...It had an excellent run holding true for 22 trading days. I'm more than willing to admit that surprise events can take place which completely invalidate technical trends. + +The surprise announcement of the ATM offering and then no announcement of it's finalization have possibly defeated this trend. While I think an announcement of the ATM offering could return us to that exponential growth pattern it will still have to correct for this week's mostly sideways action. Either way if this trend picks up again it will need some time to re-develop. + +**Cup & Handle** + +Well where one falls another takes it's place. + +This will be the primary technical indicator I will be monitoring for a breakout this week. I moved this out to the 1D timescale and plotted the high/low range for the breakout. Then marked historical volume levels for primary resistance, breakout point, and confirmed breakout resistances. If we cross the confirmed breakout point we can expect to see price improvement to the range of $525 - 1050. (If I have to monitor a cup & handle, it's damn sure going to be the most accurate one I can draw) + +[A pretty nice Cup & Handle on the 1D ](https://preview.redd.it/ldbp213ubi671.png?width=2171&format=png&auto=webp&s=3b149bc2107c5a56c39b14db5e5e719adcdcb55c) + +If you have any questions about cup and handles [please divert them here](https://www.investopedia.com/terms/c/cupandhandle.asp). + +**BBKC** + +The lower Bollinger has once again crossed into the Keltner channel at the end of last week if we see another day or two of consolidation we may see another squeeze indicator pop up here last time it fired we went from $176 to $344. + +[Previous BBKC breakout and current potential squeeze signal.](https://preview.redd.it/9bssn6u7hi671.png?width=2083&format=png&auto=webp&s=a3944ad745fd03b106ee36e47041e93bdf612c46) + +**Technical Conclusion** + +It looks like a yet another potential breakout stifled by an ATM offering, for those of you that started following these back in April you will remember this happening during the 3.5million offering and the MOAW. However once the announcement was made and that floor of 157 established we quickly took off upward. I suspect History will repeat itself. + +# Part II: The Market + +I don't feel this should be ignored this week as it may have a huge impact on what happens with GameStop. I actually trade the SPY often, and it may be the only ticker I have watched more than GME. + +As fears of inflation grow, with the Feds announcement that inflation spiked to 5% the largest 12-month spike we've seen since 2008. Additionally [P/B](https://www.investopedia.com/terms/p/price-to-bookratio.asp) , [P/E](https://www.investopedia.com/terms/p/price-earningsratio.asp), [Schiller P/E](https://www.investopedia.com/terms/p/pe10ratio.asp) ratio's are the highest we've seen since the dotcom bubble. (I know shiller...haha) + +[Anytime the Schiller P\/E has gone above 30 there have been MAJOR corrections and change in economic trends and sentiment. ](https://preview.redd.it/xtf40d1kri671.png?width=1686&format=png&auto=webp&s=2559667911d7aad114c3fc86a70d5832551a16c9) + +While the **death cross DD's** I've gotten spammed with over the weekend are as far as I can tell are miscalculated, A few other indicators do show us the we are entering a strong correction and possible flash crash. + +The first is the breakdown of the short and long-term trends + +[SPY long term trend on the 1D. A break below the #3 correction zone would indicate a potential crash.](https://preview.redd.it/yyc918bcui671.png?width=1731&format=png&auto=webp&s=dc04d2ef663aa0a0672a866a800fe5522e0eb275) + +The second is a bearish crossover on the daily MACD + +[MACD on the 1D](https://preview.redd.it/r7pkd6hyui671.png?width=1738&format=png&auto=webp&s=9cfe69b7794a2cc975882cc9b709168d9d765a47) + +One more note the gamma exposure ([GEX value](https://www.investopedia.com/terms/g/gamma-hedging.asp)) for the SPY on 6/18 is at $ -2956.17M, Meaning that in order to remain delta neutral we will see increased selling from MM's. You can learn more about [pinning here](https://www.investopedia.com/terms/p/pinningthestrike.asp). + +I want to emphasize that while I do expect a correction, a crash or flash crash while possible is still unlikely. + +# PART III: Conclusion + +Well I wouldn't want to go to the movies 👀 during a market crash, I wouldn't mind holding some GameStop. I think GameStop is uniquely positioned in the event of a market correction or crash. While we may see some very nice dip buy opportunities, apes hodling means that we generally don't come down hard with the greater market. + +A large enough correction could also trigger MOASS, as net capital of SHFs is reduced by a market sell off. This could in turn cause margin calls on the short positions. + +We could also see a significant amount of volatility this week from the Russel and S&P rebalances as GameStop is part of the Russel 1000 and the S&P 600. + +**I cannot emphasize enough the importance of diamond hands through this as this may be the last opportunity for SHFs to try to shake apes off the stock (possibly the reason for all the can kicking). If this is their bet, I think they fuked with the wrong apes!** + +It's gonna be a rollercoaster... + +Just one other fun note. + +The short interest positions on the S&P Equities is released on June 24th... + +GME ----S&P 600 you can figure it out + +&#x200B; + +TLDR; buy, **HODL, and WAKE UP!** + +&#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 thousands of other **awake** apes as we watch literally every minute candle, 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) + +For memes and other fun stuff on [r/dillionaires](https://www.reddit.com/r/dillionaires/) + +As always thank you for the support + +🦍❤️ + +\- Gherkinit + +Disclaimer + +*\*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.* + +*\* 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.* + +\**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/) +Since I haven’t seen the weekly “Something about this week is just different” or the “does anyone else feel like something is coming?” Here I am gonna say. + +This week I feel like is the real endgame. + +One of these weeks this type of post will be right. And here I am making one in hopes of being right. Thank you apes for being patient. + +TLDR: TO THE FUCKING MOOOON 🚀🧨🚀 +We are looking into a couple of properties that have 20+ units. I have experience purchasing and managing 1 - 4 unit properties. + +I understand that the loan criteria changes beyond 4 doors. I haven't reached out to my lender yet about the details. We are prepared to put down about 40% which will come from the sale of a current property. + +Can you simply 1031 4 doors into 20+ unit building? + +We will hire a property mgmt company as the area we are looking in is 1.5 hrs away. What other considerations do we need to be aware of when making a jump in units like this? + +We have a simple LLC in place, any considerations here? + +FYI, I am comfortable with capital improvements, plumbing, HVAC etc... I no experience with acquiring a property with this many units. + +Thanks for any input +I get constant calls (at least 5 a day) from people who want to buy my investment properties from me. Most of them I purchased as replacement properties in a 1031 exchange, so I had to purchase them in my name since the relinquished property was in my name. Also, this means I can't really sell for 5 years even I if I wanted to, which I don't. + +What is the best way to stop all these calls? +I’m only asking this here because I’m looking to invest in real estate but don’t know if I should sit on the cash or invest with the way things are going in the states. +What do you guys think about converting an empty maintenance room into a storage room? I could probably build 8-10 storage lockers for a 16 unit property. I already have a laundry room that is satisfying the needs. + +I’ve surveyed the tenants and they are open to it, but only a few expressed immediate interest. It might end up a build it and they will use it scenario. + +So, if you could, please let me know if you have storage units, what size are they, and what do you charge. +Rosenblatt Securities downgraded the company to sell on Monday, bringing the total number of bearish analysts up to five, among the 57 ratings tracked by Bloomberg. It’s the highest number of sell ratings the iPhone maker has had since at least 1997, according to historical data compiled by Bloomberg. + + +[full article ](https://finance.yahoo.com/news/apple-caution-grows-sell-ratings-133353144.html) +Let me get this straight... + +The SEC reveals [Credit Suisse is fined almost $500 million for a worldwide corruption scheme](https://www.sec.gov/news/press-release/2021-213) centered around Mozambique after Kenneth Griffin touches down in [Zambia](https://www.reddit.com/r/Superstonk/comments/pcnt8u/where_the_fuck_are_you_going_n302ak_left_france/hakylnu/?utm_source=share&amp%3Bamp%3Butm_medium=ios_app&amp%3Bamp%3Butm_name=iossmf&amp%3Bamp%3Bcontext=3%E2%80%A6) ([which borders Mozambique](https://duckduckgo.com/?q=MOZAMBIQUE&ia=web&iaxm=about)) 2 months ago ~~after turning off his transponder over Algeria..~~ + +**edit:** + +Check [this comment](https://www.reddit.com/r/Superstonk/comments/qbjznd/comment/hhcjk4d/?utm_source=share&utm_medium=web2x&context=3) about a lack of voluntary ground based receivers as being the reason the plane disappeared on the relevant tracking website over Algeria - **not because the transponder was intentionally turned off.** I haven't verified the claim but it seems reasonable enough. + +Here is why this is relevant today: there was some DD (or a comment) on the credit suisse report awhile ago and how it suggested CS could've forced archegos to offset some of their long positions with short positions around the time of the late January non-squeeze. There was only 1 "good" short selling position I can think of during that time. With this new information on the corruption of CS in Mozambique, there's now a plausible connection between the biggest players in this saga. + +I'm still looking for the comment/DD. + +**/e** + +This is revealed after a shoddy and clipped gamestop report is released that does ABSOLUTELY NOTHING of importance to disprove the DD on GME since January. Oh, SEC staff didn't find [any direct evidence of naked shorting with data provided by the NSCC?](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) You mean the same NSCC [that worked together with FINRA to modify transaction data](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) multiple times after January? + +Why didn't you examine the NSCC's database *yourselves?* For cops on the beat, you're pretty fucking useless, SEC. + +Gary - I can appreciate your support about certain aspects of the gamestop saga - ***but NO MORE fucking around with these people.*** + +I wonder how much more the SEC knows that they haven't been able to reveal publicly due to outside *and* inside pressure from the obstructionist commissioners still present in the SEC. + +Or maybe...*they don't know.* + +***edit:*** + +A lot of people on here like to say talking about the SEC is pointless, but let me outline something: + +The *only way* for pressure to be put on those institutions is if ***the public*** interface and communicate with them directly. It's hard for SEC staff to ignore public concerns when they're being bombarded with comments about GME every day. Sure, the leadership decides what goes into a public report at the end of the day, but the more pressure applied to those institutions, the harder it becomes for them to lie. +Guten Tag to all international Apes. + +German Ape here. + +I wrote a 2-part DD on CM-Equity AG and all FTX companies located in Germany and Switzerland in our German GameStop Sub “Spielstopp” few days ago. These companies drew my attention as there is a connection to issuing tokenized security offering (TSO) like the GME TSO FTX Token. After receiving a lot of positive feedback and suggestions for an English version of my research I decided to translate my post. + +&#x200B; + +I also saw many posts / comments about these companies here on Superstonk with missing or incorrect information. This research should provide you the needed details with sources to dig further and maybe discover something essential. I´m to smooth to process and connect some of discovered details so feel free to add your thoughts on this topic. + +&#x200B; + +It will be split in 3 parts here due to maximum picture restrictions for reddit posts. (Title of Part 1 is wrong) + +[Part 1](https://www.reddit.com/r/Superstonk/comments/yyj1gz/german_dd_research_on_cmequity_ag_and_all_ftx/) + +[Part 2](https://www.reddit.com/r/Superstonk/comments/yyjxaz/german_dd_research_on_cmequity_ag_and_all_ftx/) + +[Part 3](https://www.reddit.com/r/Superstonk/comments/yykns2/german_dd_research_on_cmequity_ag_and_all_ftx/) + +&#x200B; + +Its going to be a slightly different version as my original post because I received additional updated Information in the meantime. I used deepl to save some time and tried to correct some sentences. As far as possible I tried to provide sources in English. Please note that English is not my first language and not even my second to learn. + +&#x200B; + +Disclaimer: + +I reached out to Superstonk mods for approval to post it here since I do not meet the karma requirements. + +I´m holder of GME since February 2021. Only hold one stock atm. \~95% DRS´d, remaining \~5% position is split between 3 German brokers. + +It is in no way meant to represent any financial advice. + +&#x200B; + +**TL-DR:** + +CM-Equity AG (issuer of GME tokenized stock) is shady AF and they started to wipe information from their homepage. Almost all FTX related companies in Germany and Switzerland seem to be shell companies run by a small group of people. There was a connection between Binance Deutschland GmbH and FTX Derivatives GmbH in Switzerland, which was dissolved \~3 weeks before CZ's tweet. + +**TL-DRS.** + +&#x200B; + +Let’s start: + +After collapse of FTX crypto exchange and the numerous discussions about the tokenized shares (TSO) especially of the company GameStop, I have taken a closer look at the companies involved in this matter. Thereby I consider only the companies, which are registered in Germany and Switzerland and have a connection with FTX. I hope some smart apes can bring something important to light based on this information. + +&#x200B; + +This post contains following companies and their leadership: + +\- CM-Equity AG + +\- FTX Trading GmbH + +\- FTX Certificates GmbH + +\- FTX Europe AG + +\- FTX Switzerland GmbH + +\- FTX Derivatives GmbH + +\- FTX General Partners AG + +\- BINANCE DEUTSCHLAND GMBH & CO. KG + +&#x200B; + +Some further companies are briefly mentioned, which do not have direct connections to FTX, but which have certain connections among the management personnel. + +&#x200B; + +In obtaining the information, I mainly refer to the following websites: + +[https://www.handelsregister.de/](https://www.handelsregister.de/rp_web/welcome.xhtml;jsessionid=F0897DCC7784627984E9586B6618268F.tc05n01) Page in English through this Link. Documents still in German. + +[https://www.bundesanzeiger.de/](https://www.bundesanzeiger.de/pub/en/start?0) Page in English through this Link. Documents still in German. + +[https://www.northdata.de](https://www.northdata.com/) All Information should be available in English here. + +I did not use a paid account for more detailed research information. + +# CM-Equity AG + +HRB 143533 District Court of Munich + +LEI 529900FYFELVOBF2P080 + +Legal form: Aktiengesellschafft (public limited company PLC) + +Date of registration: 07/12/2002 by Michael Kott + +Address: Kaufingerstraße 20, 80331 Munich, Germany + +Management Board: Jens Andre Brunke, Augsburg, 09/28/1975 + +Managing Director: Michael Kott, Munich, 03/20/1966 + +Subsidiaries: Optimtrader (Trading Platform) + +Partnership: Vivid invest (trading, investing app) + +&#x200B; + +[Company location \/ leadership](https://preview.redd.it/1wr2wt0j2p0a1.png?width=396&format=png&auto=webp&s=6ceecb4412ac3b42f1c191a9f2a99d0033200300) + +[Google Maps Link](https://www.google.de/maps/place/CM-Equity+AG/@48.1377266,11.573475,65m/data=!3m1!1e3!4m13!1m7!3m6!1s0x479e75f4e7126e3d:0x21442ea308e3ef8e!2sKaufingerstra%C3%9Fe+20,+80331+M%C3%BCnchen!3b1!8m2!3d48.1378266!4d11.5734301!3m4!1s0x479e75f4e09f3a59:0x1331136f58610747!8m2!3d48.137732!4d11.5733881) + +My research started with this company. The connection between FTX and CM-Equity AG is as follows: + +CM-Equity AG is /was the manufacturer of the product: " Tokenized Stocks GAMESTOP CORP-CLASS A (bilateral OTC derivative contract)" Basic Information Sheet: [https://products.cm-equity.de/wp-content/uploads/2021/05/20210528\_FTX\_GME\_EN.pdf](https://products.cm-equity.de/wp-content/uploads/2021/05/20210528_FTX_GME_EN.pdf) + +Or in short, the manufacturer for the GameStop tokenized stock contract, which is traded on FTX: + +[ GME tokenized stock FTX ](https://preview.redd.it/rqh1qrhr2p0a1.png?width=605&format=png&auto=webp&s=84a05031f49bc0375b6402da088c9170feb653b9) + +CM-Equity AG stated in [a correction dated 11/11/22](https://cm-equity.de/en/rectification-to-the-publication-alameda-research-llc/) that it does not have a business relationship with Alameda Research LLC and that the cooperation with FTX Trading GmbH was discontinued as of 12/31/2021. Furthermore, the company was also not responsible for offering tokenized shares via the FTX platform. + +Besides GME, there are another 2245 basic information sheets for different tokenized stocks / precious metals or fractional shares. These all appear to be identical in themselves with adjusted stock names. [LINK](https://cm-equity.de/vivid-invest/) + +In the time of my research, the website has started to wipe information which was previously available. There was e.g., a button "CM-Equity AG" under Basic Document Sheets few days ago, this has disappeared since 11/16/22. + +[ https:\/\/cm-equity.de\/resources\/ ](https://preview.redd.it/1nwp5hu03p0a1.png?width=605&format=png&auto=webp&s=b0b1dc429d5504d05805ca1265fe5a8af74e0b88) + +Good thing that the Wayback Machine exists, so we can check here what is currently no longer available: + +[https://web.archive.org/web/20220529021735/https://cm-equity.de/resources/](https://web.archive.org/web/20220529021735/https:/cm-equity.de/resources/) + +The following information has been deleted from their website: + +These are basic information sheets for tokenized stocks, however you can find "Binance" in the document names: + +[deleted basic information sheets](https://preview.redd.it/7hx97ip83p0a1.png?width=605&format=png&auto=webp&s=d9078f1225249347b47ab76231b70e8acf5c3f75) + +This does not represent the connection between Binance and FTX mentioned in the headline, it comes a bit further in this post. + +Collaboration between Binance and CM-Equity AG on TSO is no secret, but I don’t understand why they purged this information only few days ago from their website. + +In this article: + +[https://coincodex.com/article/11104/binances-tokenized-stock-feature-draws-attention-from-uk-regulator/](https://coincodex.com/article/11104/binances-tokenized-stock-feature-draws-attention-from-uk-regulator/) + +I could find the following: + +[ stock custody ](https://preview.redd.it/tgbsy35h3p0a1.png?width=605&format=png&auto=webp&s=fddd4482a0e2b2788be42411dfac12282b22dc68) + +“CM-Equity custodies the shares that are backing the tokens.” I would like to see some proof where CM-Equity keeps the shares. I couldn't find anything. + +&#x200B; + +According to the following article, Binance has stopped trading TOS since July 2021: + +[https://www.reuters.com/world/china/binance-stops-selling-stock-tokens-after-regulatory-scrutiny-2021-07-16/](https://www.reuters.com/world/china/binance-stops-selling-stock-tokens-after-regulatory-scrutiny-2021-07-16/) + +&#x200B; + +Enough with Binance for now. Back to FTX. + +Attached is a tweet from SBF about partnership between CM-Equity AG and FTX from 10/30/20: + +[SBF tweet1](https://preview.redd.it/ddd46ilq3p0a1.png?width=296&format=png&auto=webp&s=bc6f53833523133d3f273d813f1bee6cb34eed54) + +[SBF tweet2](https://preview.redd.it/2itulb9s3p0a1.png?width=309&format=png&auto=webp&s=bfb9ec92645ed82dc91870534fc1605fa6726809) + +You can read his complete tread here: [SBF on Twitter](https://twitter.com/SBF_FTX/status/1321983277293449216) + +&#x200B; + +On CM-Equity´s homepage there are some documents available about execution quality of private clients. + +Interactive Brokers Central Europe ZRT (984500QBG15950F8C352) is listed predominantly with almost 100% volume in several categories. I am not aware of what this means exactly, maybe someone can use this Information. + +All documents are listed under “imprints” at the bottom of their page. + +Execution Quality Private Clients 2021 Evaluation: + +[https://cm-equity.de/wp-content/uploads/2022/04/20220426\_2021\_Auswertung-der-Ausfuhrungsqualitat-MiFID-II-Kategorie-3.pdf](https://cm-equity.de/wp-content/uploads/2022/04/20220426_2021_Auswertung-der-Ausfuhrungsqualitat-MiFID-II-Kategorie-3.pdf) + +&#x200B; + +History and network of the company (nothing suspicious here I guess): + +[History and network CM-Equity AG](https://preview.redd.it/wzum4ez14p0a1.png?width=524&format=png&auto=webp&s=0f189d0f454a72a6004998adee7d7c5571f27496) + +Company has existed since 2002 with the same managing director, so it’s not a shell company. However, a look at the annual balance sheet provides us some interesting details. If you compare the years 2020 and 2021 you will see a quite big difference in the figures. + +All documents can be found here in “Bundesanzeiger” with search entry "CM-Equity AG": + +[https://www.bundesanzeiger.de/](https://www.bundesanzeiger.de/pub/en/start?0) + +These Documents are availible in German only. I hope some accountant apes in german sub will figuere this numbers out and provide some easy explaination. I will add it here as soon as it is availible. + +&#x200B; + +Annual financial statement for the fiscal year from 01.01.2020 to 12.31.2020 + +[Shareholders 2020](https://preview.redd.it/a88c41x94p0a1.png?width=510&format=png&auto=webp&s=c5538c3248ade595b9a5ccbcf430de564cf448e3) + +Digital Assets DA AG is a former company name of FTX Europe AG. More about during this post. Ownership of \~10% in CM-Equity AG + +&#x200B; + +[Balance sheet 2020](https://preview.redd.it/e2zeo8ee4p0a1.png?width=520&format=png&auto=webp&s=f8d0e69fdbf4c62863aa8afc9b2c17c32d2a7b38) + +Balance sheet profit 2020: € 77,295.74 + +Annual financial statements for the fiscal year from 01.01.2021 to 12.31.2021 + +[Shareholders 2021](https://preview.redd.it/vnxip04j4p0a1.png?width=605&format=png&auto=webp&s=8837fe7802ae9804c9267297c0327184752c54fe) + +&#x200B; + +Digital Assets DA AG changed the name and is already listed here as FTX Europe AG with \~10% stake in CM-Equity AG. + +[Balance sheet 2021](https://preview.redd.it/293xmsbq4p0a1.png?width=572&format=png&auto=webp&s=4ac73b0233e90a74846f5287b53204412628e275) + +Balance sheet profit 2021: 11,027,228.40€. + +or \~14300% profit increase in one year, not bad. + +I have absolutely no idea about balance sheet calculations, but something seems to be very suspicious here. I made a post about their annual report in German sub, hope some wrinkled apes could help to find details. + +&#x200B; + +I would also like to add that CM-Equity AG removed their FAQ section in the last few days. Trough wayback machine we are again able to look at removed information: + +[https://web.archive.org/web/20211027004139/https://cm-equity.de/en/faq/](https://web.archive.org/web/20211027004139/https://cm-equity.de/en/faq/) + +As you can see their FAQ section contains questions about TSOs. + +They also removed following two news from their page: + +&#x200B; + +1. [https://web.archive.org/web/20220529012118/https://cm-equity.de/en/quantum-technologies-fund-black-quant-invests-in-aegiq/](https://web.archive.org/web/20220529012118/https:/cm-equity.de/en/quantum-technologies-fund-black-quant-invests-in-aegiq/) +2. [https://web.archive.org/web/20220529021622/https://cm-equity.de/en/qbn-and-cm-equity-set-up-e100-million-quantum-technologies-fund/](https://web.archive.org/web/20220529021622/https:/cm-equity.de/en/qbn-and-cm-equity-set-up-e100-million-quantum-technologies-fund/) + +Website of this 100-million-quantum-fund has also been shut down in the meantime. + +[https://web.archive.org/web/20220923085651/https://blackquant.de/](https://web.archive.org/web/20220923085651/https:/blackquant.de/) + +&#x200B; + +This translated quote can be found in their report and is interesting: + +*In particular, the trading portfolio increased by EUR 20M€, which is largely composed of hedging positions acquired as part of the bulk customer business with bilateral contracts. The hedging positions serve as hedges for liabilities arising from bilateral contracts with customers. In addition, loans and advances to banks increased by EUR 9M€ as a result of liquidity inflows following the disclosure of hidden reserves in the banking book.* + +&#x200B; + +At this point I'll leave the CM-Equity AG research here (we are still investigating this company in German sub) and turn to the other FTX related companies. + +&#x200B; + +Let's start with Germany: + +# FTX Trading GmbH + +HRB 220867 District Court of Hanover + +Legal form: GmbH (equivalent to LLC) + +Date of registration: 10/23/2020 by Max Hartmut Alexander Rhotert + +Address: Wülfeler Str. 63, 30539 Hanover, Germany + +Managing Director: Max Hartmut Alexander Rhotert, Hanover, 01/02/1966 + +Authorized signatory: Raatz Henry, Engen, 03/22/1976 + +&#x200B; + +History and network of the company (new company, managing director also leading several other companies --> suspicious): + +[History and network FTX Trading GmbH](https://preview.redd.it/84l2ndee5p0a1.png?width=605&format=png&auto=webp&s=fb83ba033f66ffc0ce5c9225f6f8515ead03175d) + +Important names are marked. We will encounter them more often in the course of this post. + +Please note: Hartmut Rhotert and Max Hartmut Alexander Rhotert seem to be the same person. + +&#x200B; + +Let´s take a look at the managing director of FTX Trading GmbH: + +[Max Rhotert](https://preview.redd.it/90ls6eil5p0a1.png?width=605&format=png&auto=webp&s=6c560487e8e8a4b850e52f22fe7b70d170bfd27d) + +This man is quite busy. + +&#x200B; + +In the following companies except FTX Trading GmbH Mr. Rhotert is listed as managing director: + +**Alpina Film GmbH:** HRB 728957 founded: 01/29/13 (balance last available year: assets: 546.531,91€ / liabilities: 546.531,91€) + +**LODE GmbH:** HRB 221488 Founded: 03/23/2021 same company address as FTX Trading GmbH + +&#x200B; + +And authorized signatory in the following: + +**Kephas Stiftung Gemeinnützige GmbH:** foundation: 05/10/11 (balance last available year: assets: 4.724.976,00€ / liabilities: 4.724.976,00€) Kephas Stiftung is the owner of Catholic TV channel K-TV. + +Their managing director is Patrick Gruhn. + +**CredoMedia GmbH** HRB 77860: Founded: 01/29/13 + +Managing director also Patrick Gruhn. We will discuss this name later. + +&#x200B; + +Now let’s look at the important company of the managing director Mr. Rhotert: + +FTX Trading GmbH + +The company is located here: + +&#x200B; + +[location FTX Trading GmbH](https://preview.redd.it/e2n2p5ry5p0a1.png?width=386&format=png&auto=webp&s=33ce328a86ae9e763aaaf5759d8be623a6ff9a5a) + +[Google Maps Link](https://www.google.de/maps/place/Cosmetique165/@52.3387501,9.8157273,87a,35y,166.08h,44.5t/data=!3m1!1e3!4m5!3m4!1s0x47b00bb33726f2d1:0xb3c86741f211cfd!8m2!3d52.3381292!4d9.8158497) + +A rather unusual place for the headquarters of a company like FTX Trading GmbH. + +It should be noted that a cosmetic studio is operated at this address by "Michaela Rhotert". In the reviews of this studio, there is also a 5-star rating from "Max Rhotert". Studio seems to be real. I think we got enough information at this point. + +I would like to ask you to refrain from contacting these people as it cannot be guaranteed that they are involved in this whole FTX situation. It is not my intent to compromise personal information and it should only represent a connection between the managing director and company address of FTX Trading GmbH. + +&#x200B; + +Here is the profile of authorized signatory of FTX Trading GmbH: + +[Henry Raatz](https://preview.redd.it/erl019ta6p0a1.png?width=387&format=png&auto=webp&s=168ef3973ef323737ce663715c07317bbaf58074) + +It´s the same foundation (Kaphas Stiftung) where Mr. Rhotert is also involved. + +&#x200B; + +Let's move on to the companies with an address in Switzerland, there are several here: + +# FTX Certificates GmbH + +CHE-162.267.877 + +previous company names: DAAG Certificates GmbH (until 04/21/2022), Kali Hodling GmbH (until 12/29/2020) + +Legal form: GmbH (equivalent to LLC) + +Date of registration: 07/06/2020 by Crypto Lawyers GmbH and Ernest Ukaj + +Address: Churerstrasse 135, 8808 Pfäffikon, Switzerland + +Managing Director: Jürg Bavaud + +Other important names: Ernest Ukaj + +&#x200B; + +Location: this “office building” looks not bad for a small company: + +[Churerstrasse 135](https://preview.redd.it/qhbf0eiv6p0a1.png?width=381&format=png&auto=webp&s=db4fd6dcb7eeaefb0cd7ad039fcfd30d06a07a19) + +[Google Maps Link](https://www.google.de/maps/place/Churerstrasse+135/@47.2015663,8.7901579,63a,35y,5.2h,52.84t/data=!3m1!1e3!4m7!3m6!1s0x479ab6b1a556d1bf:0xc1c666813f33ed87!4b1!8m2!3d47.2019094!4d8.7902037!16s%2Fg%2F11fx0qh3y7) + +&#x200B; + +But if you take a closer look, you will find that a shitload of different companies is located in the same building. + +Now there are 73 active companies registered here: + +[registered companies under Churerstrasse 135](https://www.monetas.ch/en/1619/Firmen-an-selber-Adresse.htm?Page=1&Street=Churerstrasse&StreetNo=135&Zip=8808&Town=Pf%C3%A4ffikon) + +Please note that this website only shows active companies. + +&#x200B; + +You can easily find Ponzi schemes and shell companies on this address back to 1994. Some examples are “Beltrust Management AG” and “IPCO Investment AG” these two companies alone have stolen \~100M$ of customer funds over just few years almost 3 decades ago. But I guess as long these companies share their profits everything is fine. + +At this point I must thank this awesome ape right here [u/EddyRosenthal](https://www.reddit.com/user/EddyRosenthal/). He was able go drive to this location and take some pictures. If im not mistaken not even 12 hours were spend since my original post in german sub until location was verified. Thats some Glacier Capital shit right here. Thanks a lot. Here are his fotos: + +[Churerstrasse 135 on 11\/17\/2022](https://preview.redd.it/f73qrnlv9p0a1.png?width=2180&format=png&auto=webp&s=cc238a0c077130e3c38cc32fd9cc68db3216b110) + +you can find his post here: [LINK](https://www.reddit.com/r/Superstonk/comments/yxo0ch/apes_on_the_ground_breaking_ftx_switzerland_was_a/) + +&#x200B; + +History and network of the company: (new company, managing director leading several other companies, company was renamed few times --> suspicious): + +[History and network FTX Certificates GmbH](https://preview.redd.it/f2zz8fb8ap0a1.png?width=605&format=png&auto=webp&s=a863a602a77dd6a09e3bed7180dc0a8b35a0ca0c) + +&#x200B; + +Here we can find again Mr. Rhotert in relationship to FTX Europe AG. All important names are marked, and we will discuss them later. + +Spoiler: these are some quite interesting personalities. + +&#x200B; + +# FTX Europe AG + +CHE-175.231.191 + +previous company name: Digital Assets DA AG (until 02/15/2022) + +legal form: GmbH (equivalent to LLC) + +Date of registration: 07/06/2020 by Ernest Ukaj + +Address: Churerstrasse 135, 8808 Pfäffikon, Switzerland + +Managing Director: Jürg Bavaud + +Other important names: Ernest Ukaj, Rhotert Max, Robin Matzke + +Company address: same “office building” as FTX Certificates GmbH + +&#x200B; + +History and network of the company: (new company, managing director leading several other companies, --> suspicious): + +[History and network FTX Europe AG](https://preview.redd.it/dp676okuap0a1.png?width=605&format=png&auto=webp&s=bb26979a8b838ae9ff54136c46ca5422ec66c2f7) + +Same names as at FTX Certificates GmbH, nothing changed. + +&#x200B; + +At this point, the maximum number of possible images has been reached. Please continue here in second part: + +[Part 2](https://www.reddit.com/r/Superstonk/comments/yyjxaz/german_dd_research_on_cmequity_ag_and_all_ftx/) +*"Bitcoin is dead. Crypto is a ponzi scheme. You are investing in something that doesn't exist. You can't get rich from doing nothing. Crypto is just a stupid way to lose money."* + +&#x200B; + +https://preview.redd.it/9tu2muc5p4n81.png?width=628&format=png&auto=webp&s=e5cc3cfeba4d2ed2cbbdd37679f98441738e33d2 + +Wasn't this a big "f\*ck you" in the face to everyone who are against crypto? + +Imagine one country being at war. The situation is pretty bad, I don't have to explain why. + +Now imagine that country seeking for help in crypto? That country is, we all know, Ukraine. + +And we can ask everyone - Why is cryptocurrency, extremely volatile asset, detached from the financial system, highly speculative asset used as a safe haven for people in need? + +Because it allows anyone and everyone to be able to convert their personal wealth into highly portable, most of the time decentralized, forms of money. And people who are leaving their homes, who want access to their funds, who want to be able to keep them safe will use crypto. + +Isn't this a strong use case? This is what we talked about for years. + +People from Ukraine are using crypto to survive, escape, buy something. + +Ukrainian central bank limited ATM withdrawals, placed restrictions on the country’s official electronic-currency system and suspended the foreign-exchange market. + +Russian citizens, considering their national currency downtrend are also seeking help in cryptocurrencies. + +Bitcoin and other cryptocurrencies are really on the global stage right now. + +What crypto community did for Ukraine? + +\- [Binance to Donate $10M to Ukraine Humanitarian Effort and Launch Crypto-First Crowdfunding Site to Further Help Provide Aid to Ukraine](https://www.binance.com/en/support/announcement/6bce8615076a4173a4738817c597b09e) + +\- [Kraken Announces $10 Million Aid Package for Ukraine, Promises $1,000 in Bitcoin Each for Its Ukrainian Users](https://cryptopotato.com/kraken-to-give-away-over-10-million-worth-of-crypto-to-ukrainian-citizens/) + +\- [Ukranians used stablecoins USDT (don't hate) so much that it went above $1](https://www.coindesk.com/markets/2022/02/24/tethers-usdt-stablecoin-well-over-1-on-ukrainian-crypto-exchange/) + +\- [Top post in r/cc - Ukraine used $10 million of crypto donations](https://www.coindesk.com/policy/2022/03/11/ukraine-details-what-crypto-donations-are-being-spent-on/?fbclid=IwAR0nN5H4PHAhqpVLSD93BdeEpej0Y8-1ed3sDZQSsdBGfO_uRDuj_vk9N5w) + +I mean, what else we need to say, what article we need to read, what else we should do to prove everyone how crypto is strong and how can help for those in need. Good job crypto community, I love being part of you. +I had been applying to jobs recently and accepted an offer last week. I start next week. However, a job I had previously applied to got back to me and is offering me about 20% more compensation and it’s in an industry that I’d like to create a career in. What are the downsides to quitting a week into a new job? Will it have long-term repercussions for my career? For context, I would be employed in California. +Please tell me that I am not the only person observing this phenomenon. + +I think the reason behind this: People who have the wit to withstand the mental torture, blood, sweat and tears at the modern workplace can use the same wit to take risk, think strategically, make sound investments and also endure painful market swings and downturns. + +That brings us to a controversial and uncomfortable idea: People who have the wit to FIRE won't retire because they don't feel like work is screwing them up, while people who hated work or feeling put down by it can only hope and dream of FIRE, but never really achieving FIRE unless he / she has a big salary to start with. + +Obvious examples are my relatives and friends. Those who wanted to FIRE so badly cannot do it, and that one multi-million dollar guy keeps working although he's near retirement age. If he can't get full time work, he will do part time. No kidding! + +Do you see this phenomenon too? Maybe we who dream so much of FIRE should do some soul searching. + + +My husband and I are high income (~$300k combined gross) in a relatively HCOL big city (not NY or SF). We bought a house recently that was comfortable, great location, good school district and big enough for a family in but was well below what we can technically afford- and are paying for necessary updates in cash. We made sacrifices to keep the mortgage low (very small yard, no luxurious bathroom). We have a modest paid off car and no debt other than the mortgage. I've always been so financially responsible, and buying a home below our means felt like the right choice. + +Trouble is I'm starting to regret our decision. Our friends/co-workers are buying nicer, bigger houses and it feels kind of bad. They are looking for big forever homes and I feel like our "forever" home sucks in comparison. Will we be the "poor" friends? Will our kids be embarrassed by our house? Will we miss having more space and a bigger yard? + +How do you all get over these feelings? Deep down I know being financially prudent is good... But these nagging feelings suck! How do you ride through them? +Now it's being used every day, it will be interesting to see how things are priced. Four leading zeroes ain't gonna work. Will we go straight to Sats, or will some new name or denomination emerge? + +I guess it's fair that as a reward for being the first adopters, El Salvador gets to choose. +From: Satoshi Nakamoto <satoshin@gmx.com> Sat, Apr 23, 2011 at 3:40 PM + +To: Mike Hearn <mike@plan99.net> + +I've moved on to other things. It's in good hands with Gavin and everyone. + +I do hope your BitcoinJ continues to be developed into an alternative client. It gives Java devs something to work on, and it's easier with a simpler foundation that doesn't have to do everything. It'll get critical mass when impatient new users can get started using it while the other one is still downloading the block chain. +It seems as if ETH has been completely stagnant during this run. Why aren’t people buying? Even some alt coins are shooting up in value. Can someone shed some light on this? It’s a little strange that the No. 2 coin overall with technology far greater than Bitcoin and other alt coins is doing so poorly during such a massive reversal of the market. +Yesterday, Liqui generated more than $10,000 new worth of revenue from fees of the exchange of DNT. Bittrex, if they decided to list DNT, stands to make A LOT of money, just like Liqui is now. + +That said, they're asking District0x to pay the costs associated with performing the necessary due diligence to list DNT on their exchange--with no guarantee of listing after payment. + +District0x has said from the beginning they will not be paying to be listed on any exchanges. And now they're standing firm on their word. + +Those who think it's about District0x being cheap or that it's about the money are being myopic or just not thinking. It's about the principle of it and what Bittrex is asking. People are spreading misinformation by making it seem like District0x doesn't want to pay $5k. IT'S NOT ABOUT THE MONEY. + +They posted their entire rationale on their Slack, and I'll put a link in the comments section with their full rationale. If you still think they should pay after reading it, then you shouldn't back companies who stay true to their word. +Howdy everyone, + +&#x200B; + +Change of pace from the technicals! Today will be a nice crash course on the public accounting industry. + +If you're new to my Tax Series I highly recommending saving/skimming my earlier topics. They're super helpful to help gain and understanding of things and **might make conversations with a CPA a lot easier!** + +[Part I - Income](https://www.reddit.com/r/Superstonk/comments/niz85x/tax_cheat_sheet_part_i_income/) + +[Part II - Deductions](https://www.reddit.com/r/Superstonk/comments/nk9bv8/tax_cheat_sheet_part_ii_deductions/) + +[Part III - IRAs and Other Deductions](https://www.reddit.com/r/Superstonk/comments/nnyc9d/tax_cheat_sheet_part_iii_iras_and_other_deductions/) + +&#x200B; + +This was the most requested topic and the one I'm most qualified to talk about! **BOY do I have a lot to say about it.** + +Get comfy and buckle up. Time to teach you all about the public accounting world. . + +&#x200B; + +**Fun Fact #4**: Here's a story from one of the clients I worked on, K9 security dogs are an asset to a K9 security company. A K9 can only be a security dog for so long before they age. Hence K9s lose value over time as they preform K9 services. Therefor, K9s are considered depreciable assets and the depreciation can be deducted on the business's tax return. **LOL** + +&#x200B; + +# A Serious FYI Before Going Forward + +I have worked in the tax industry for 2+ years and am an active CPA. I have worked in Big 4 accounting firms, Middle Market accounting firms, and start-up accounting firms. Everything I am sharing is based on my own experiences from working with multiple CPA firms. I am providing all of this knowledge because I enjoy giving back to the community and want to help spread awareness. + +&#x200B; + +**I have not and received any compensation for my recommendations. Nor has anyone asked me to push a certain narrative.** I wouldn't post anything here that I wouldn't do myself. And **even though I'm a CPA** and can probably research everything that I need, **I will still be hiring a CPA to do my taxes post-MOASS and beyond.** + +&#x200B; + +I like keeping things casual and fun here. As certain topics come up I will post some serious titles if I want a point to be strongly considered. + +&#x200B; + +Thank you. Back to the fun now. Let's get sexy. + +# What is a CPA? + +&#x200B; + +A Certified Public Accountant (CPA) is a certification awarded by the state you live and operate in. For tax returns, they are the one signing your return. They will also be calculating your tax liability for documentation and support the numbers on your return. + +# What Does It Take to Become a CPA? Is it Hard? + +Here's a niiiiice little list of the steps you need to follow to get those fancy letters next to your name: + +&#x200B; + +1. **Graduate from a 4-year University with 150 qualified semester hours, or 225 quarters, including required accounting courses.** This is typically 5 years of schooling. *(Most CPAs get a Master's Degree to meet this requirement. Some accounting firms require a Masters Degree.)* This credit, if approved by your state's Board of Accountancy (BOA), allowed you \*\*t***o start taking CPA Exams***\*.\* +2. **Pass 4 CPA exams within a limited window**. Most people fail. If you don't pass all of them within this allowed window, you'll lose credit for the exam you passed first! I'd say each one take about a month to study for (roughly 100 hours of study time for each 4.5 hour exam) +3. Pass the AICPA Ethics Exam +4. \*Some states require you to pass a state-specific exam after this +5. \*Some states require you to have a minimum work hour requirement before you can be licensed. Usually **2,000 hours in related work or \~1 year.** +6. After all this you apply to your state's BOA. Only after they approve your application will you be allowed to say you're a CPA. +7. You need to renew your license every few years. **There are continued learning requirements** that you have to meet or you will lose your title. + +**Tl;dr:** It's hard to become a CPA. Most people with the title are very qualified :) You can search for all CPAs in your state by going to your state's BOA website. + +&#x200B; + +# A Truth You Probably Won't Like to Hear + +Most Apes here will have very easy tax returns ***initially***\*\*.\*\* I would estimate a CPA firm could finish and file it within a few hours. It may not seems that the price you're paying for services is worth it. + +See most people don't really need an accountant to do their taxes for them. They get their W-2 in the mail (what you get if you have a job), maybe they have some interest and dividends from stock, and they take a standard deduction. This can all be done with $25 worth of turbo tax and it will take 30min. + +**That being said, I highly recommend hiring a CPA firm to take care of this. Here's why:** + +# Why the **** Would I Pay a CPA Thousands of Dollars if It's so Easy??? + +&#x200B; + +&#x200B; + +[Dank Memes](https://preview.redd.it/qjzfzro4wa271.jpg?width=600&format=pjpg&auto=webp&s=97cb0cda1d4d64a246ed4e9c81cc69efebec8c3f) + +1.**A CPA Reduces Your Risk** + +***This is the most important thing in my opinion.*** + +&#x200B; + +You've probably seen this meme or something similar. It's not really accurate, but it bring up a good point. Unless you are deliberately trying to hide stuff (fraud - if you do this I hope you get caught), you will probably won't run the risk of jail time. **You will be fined....a lot**, especially if you underpay your tax liability. Let me be clear, Jail time is a real threat, especially when you have foreign activity. But are you going to be thrown in jail for paying $300 less than what you should have? I doubt it. + +&#x200B; + +**When a CPA signs your tax return, they are now liable for its accuracy.** Post-Enron (would love to cover this at some point....it's fascinating), CPA firms are required to document and store all workpapers to support their calculation. **This is valid for all returns** (Business, Gifts, Trusts/Estates, Non-profits, etc.). + +&#x200B; + +If there was an error on the return, or if you get audited, the IRS will go to the CPA firm and request all documentation and calculations they used to support the amount of tax you owed/paid. Post-MOASS, you will suddenly have millions of dollars of income\*\*. Do you really want to take-on all that risk and hope you did everything right? Do you have any work to support your calculations?\*\* + +&#x200B; + +This alone makes it 100% worth it. + +&#x200B; + +2. **CPAs Are Highly Specialized** + +I've gotten a lot of great questions from Apes on how to set up businesses, non-profits, private foundations, etc. I am not an expert in any of those areas. These experts do exist. A lot of CPA firms have entire departments specialized on one aspect within tax. + +&#x200B; + +* **Want to know the difference between an S-Corp and LLC?** There are people who work on entity structure/design all day +* **Did you start a business (or want to), but aren't sure what states you owe tax in?** State & Local department will help you out +* **Want to set-up trusts for your Grandkids?** Yup, there's probably a Trusts and Estates team you'll talk with +* **Want to build a real-estate empire?** There's a ton of rules (and tax advantages) in real estate. + +&#x200B; + +I could go on for a while. The top people at accounting firms, partners, are experts with 10+ years of experience in a certain field. + +By paying them, you can spend your days driving lambos, donating your time and money to make the world better, and traveling....while the accountant researches all day working for you. + +Last thing I'll say is there are way too many tax forms. It's impossible to know every single thing. You may have seen on my earlier posts that I've listed some tax forms you probably haven't heard of (or know that you needed). I promise that the Partners of CPA firms know way more than me. I'll chat about partners later in this post. + +&#x200B; + +This is why I recommend paying to play. I'm a frugal individual, but **this is the wrong thing to try and save some money on.** + +&#x200B; + +**3. They Can Take Care of Your Estimated Tax Payments** + +&#x200B; + +I've gotten a lot of questions on handling estimated tax payments (will make a post eventually). Do you know you can have your CPA calculate your federal and state ETPs for you. No work on your end! You get to see all their math at the and. + +Different states have different filing rules. Your CPA will tell you where/how to make all estimated tax payments, the estimated amount you'll pay to avoid penalties, and when they're due by. + +&#x200B; + +**4. Do You Enjoy Doing Your Taxes? Do You Like Stressing About Them?** + +This is for comedic relief, but it's still valid. I don't need to explain this anymore. + +&#x200B; + +I could go on. But I've made my point. + +# OK I get It. Where do I find a CPA? + +Great Question! Let me Introduce you to the world of Public Accounting: + +# What is Public Accounting? + +&#x200B; + +[My Experience Summed Up](https://preview.redd.it/g44byetiqa271.jpg?width=1080&format=pjpg&auto=webp&s=d7bef15ad0bc2513b8f2e79dbda1622ff53b2edd) + +Most of you might be unfamiliar with this industry. It's actually huge. Allow me to explain. + +&#x200B; + +Public Accounting firms are companies that provide a wide range of specialties within the business/accounting world. + +&#x200B; + +Here are the most popular services: + +* Tax +* Audit +* Risk Assurance +* Consulting +* Financial Planning/Wealth Management +* Valuations + +Notice I've been only talking about tax. There are other important aspects within the accounting world. + +Lots of Apes will need financial planners. **I am not knowledgeable on this industry. I only know tax.** What I will say is that public accounting firms can easily refer you to their consulting/financial planning/wealth management leaders within the company. + +**Speculation:** I don't have evidence to support this. Just a got feeling. I would expect that if you're a client and you want let's say.....A Trust Attorney, A Lawyer, a Certified Financial Planner (CFP), they will probably know experts in that field. See my section on Partners below. + +# Quick Breakdown of the Main Roles in Public Accounting + +There are more levels, but I'm summarizing the ones you'll probably speak with. + +1.**Partners** + +These are the top dogs of the company. They are the ones who will probably speak with and they will sign you return. They are owners of the company. Their main focus is bringing in clients and advising in their specialized industry. You want this person to be specialized in the areas you're interested in. + +**2. Managers** + +These people will be overseeing your tax engagements. Once the return is prepared, they will be preforming high level review, based on their calculations to verify that your tax return has been filled out correctly based on their math. + +**3. Staff (ME)** + +The newbies. They are responsible for preparing your return and providing supporting math from the information you have us. A staff won't know everything, which is why managers will review return drafts multiple times, then send back down to the staff for revisions. Think of this as like writing an essay and sending it to someone for feedback. Believe it or not it's an art. + +# How Does the Process Work? + +**1. Sign Engagement Letter/Statement of Work** + +Before work can be started, you'll sign a contract (sometime called a SOW). This basically says you're hiring the CPAs to work on these tax returns along with the hourly billing rates that each level of employee on your tax engagement will charge. + +**2. Provide All Relevant Information to Accountant** + +They're going to ask you for info. I'll tell you what they want. + +**3. Provide follow-up answers to Accountants if/when they run into questions about you** + +You're a new client. The first year is always challenging. They might have to ask additional questions later on. Please respond. + +**4. Accountant Prepares Return** + +This doesn't matter. You're too busy being retired :) + +**5. You will get to look at the return** + +When the return has been manager-approved, you will get on a call with the manager/partner and get to look at your return before it is filed. Once you approve it, the accountant will file the return with the IRS and or the needed states. If payment is required, they will either take care of this for you, or instruct you on how to make the payments. + +That's it. + +# What Will They Ask For? - Read Me + +Your CPA will send you a laundry list of things they'll need from you to complete your return. Some are personal questions (Did you move? Do you own Crypto? Did you get married? Etc.). Some are physical documents. All reputable firms have a secured portal where you can upload these. Usually there is a standardized form where you can just fill in the answers and send back. + +Most importantly, **we will need copies of your tax returns from previous years**. We need this for documentation; it will help us know what we need to request from you this year, and there may be information in a prior year return that can reduce your tax liability. + +Have you heard of **SALY**???? SALY is every Accountants best friend. SALY = Same As Last Year. This means that **everything included on your last year's tax return will be needed.** + +Examples include: - ***this is why you should read my other posts as I talk about these in detail*** + +* Bank accounts (1099s) +* W-2s from your job +* Social security numbers +* Stock portfolios (1099s) +* Property Taxes paid + +\*\*\*\*\*\*\*\*This means....**if you've open up new accounts**, new brokerage accounts, new job, new IRAs, etc., **we have no way of knowing.** A lot of Apes Transferred out of Robinhood to another broker. We will need info on this. **If you've done new things this year, we need to know!!!** + +**SAVE YOUR RECEIPTS.** **SAVE EVERYTHING.** If you're planning on donating a lot of stuff to charity, we need proof that you made those contributions. I need physical proof you donated $50,000 to this charity. Trust me is not acceptable. **If you don't have proof to support your numbers, we can't use them in your return.** + +# How Not To Piss Off Your Accountant + +**This isn't as hard as you think.** Here's an insider's ~~3~~ 4 tips to not make your accountant hate you (it's a real thing) + +1. **Don't be a Stingy A-hole** + +&#x200B; + +[The Worst Client](https://preview.redd.it/jv2yojp2db271.jpg?width=1080&format=pjpg&auto=webp&s=9362db111ef7c924f701f396cac3045a68b35971) + +This is the most accurate accounting meme I've found. We are provide a huge service and it's worth whatever price. You want your accountant to like you....we'll do an extra good job if you're nice! I doubt Apes will really be rude. More so just venting. Yes it's a real thing. + +**2. Please Respond When We Ask For More Info** + +[F-You if You Do This](https://preview.redd.it/ks6rr7mldb271.jpg?width=828&format=pjpg&auto=webp&s=eab8e24aba56d1398b36ef5601cdb10be7a43ac9) + +This is the most common thing. **Every. Freaking Time.** You are not the only client at an Accounting Firm. Just because taxes aren't due until April 15th, doesn't mean you can just wait to respond a month later on April 12th. There are multiple levels of review. If you do this, you're going to make some poor 20 year old work until midnight on April 15th (and we might make an error that late at night). A few days is totally fine. But for my fellow ADHD/Anxiety Apes (I have both), please don't forget :D + +&#x200B; + +3. **Do NOT Send a PDF of your Business Activity** + +[This Happens WAY Too Much](https://preview.redd.it/1s1lyr62fb271.jpg?width=801&format=pjpg&auto=webp&s=5a56566a1aca04f64a736e9924702edbe37ed8d4) + +Not relevant as much for individuals. **More so for businesses.** We use excel a lot. We need excel to run special calculations on your income. If you own a Business, or anything that requires a list of income/expenses, don't send me a PDF of it. Send it in excel. I don't want to retype everything by hand. And if I convert to excel, it will create a lot of bad formatting. + +**4. Adding** u/Shotgun516 **'s comment here as they bring up a good point:** + +"Two other things... + +As a cpa I would say another thing not to do to piss us off is to **\[don't\] act like you know our field better than us.** It’s okay to ask questions and to be speculative when you see your return, but don’t act like you know more than us. + +In my ten plus years of experience, I’ve worked with a lot of accountants and different sized firms. If your current accountant takes forever to get back to you, or you have to contact them several times before they even get back to you...find another company! There are SO many qualified firms out there and if they don’t act like you’re a priority, then you need to find someone that does" + +**That's it! The process isn't as scary as you'd think!** + +# So What CPA Firm Should I Go To? + +**Most Partners are Salespeople.** I would assume a majority of CPA clients were just done through networking. A lot of the process I described above will me similar or exact at every company. + +The industry is divided into a few categories of CPA Firms: + +1.**Big 4 Accounting (Deloitte, KPMG, PwC, EY)** + +These are the 4 largest accounting firms in the world. **They are located in** **~~every major city~~** **most US states and Countries**. (u/HodorTargaryen pointed out they are not in every state. See I'm not perfect :) ) They handle almost every Fortune 100 Company. They also do tax returns for professional athletes and celebrities. Cream of the Crop. + +They have large teams, experts, for probably every niche in tax. They will probably be the most expensive as a result. I would also expect they would know the lawyers at the largest law offices. There is a price for prestige. + +**2. Middle Market Accounting Firms (BDO, Grand Thornton, Crowe)** + +These are the next largest firms. Their clients aren't as huge in size as the Big 4, but are still large. Middle Market firms will still have all the niche groups as Big 4, but there not as clearly separated. A staff at MM might work on a trust return then work on a corporation. At Big 4, every "team" will only work on 1 type of return/specialty/industry. + +**MM Firms are located in most cities. Some might be in a specific US region.** For Example: Plante Morane focuses mostly in the Midwest. Moss Adams focuses in the west coast. If you like the idea of these firms, I would recommend either the largest ones in most cities, or one with 20+ offices in your region. + +I would guess these would be slightly cheaper than Big 4, but not by a considerable amount. + +**3. Boutique Firms** + +These are more local firms with only a few locations. Rather than thousands of employees nation-wide, they may only have 15 people. Rather than being large in size, they focus on being really specialized on one or a few industries within tax. This could translate to a Big 4-level of knowledge, but in a more personal setting and only with a few areas. + +You can check your local area for these, but be sure to look at the partners and their specialties/backgrounds. + +I would guess they'd be cheaper than #1 and #2 but not by anything considerable. + +**4. Mom & Pop Shops / Freelance CPAs** + +These are local local CPAs. I doubt their ability to properly handle high net worth clients. They will be the cheapest in price. **I recommend avoiding.** + +# Research? + +Here's some reviews and rankings to get you started in the right direction + +[Top 50 Accounting Firms of 2022](https://www.vault.com/best-companies-to-work-for/accounting/vault-accounting-50) + +[Top 50 Accounting Firms for Client Interaction](https://www.vault.com/best-companies-to-work-for/accounting/best-accounting-firms-to-work-for/client-interaction) + +I used [Vault.com](https://Vault.com) and [Glassdoor.com](https://Glassdoor.com) to ready employee reviews of accounting firms as interview-prep. Since you'd be clients and not employees, I'm not sure how important employee reviews of the companies are. + +Every reputable accounting firm will have all of their partners listed on the company website (they are owners of the company after all). I would recommend checking a few in your local area once you've narrowed down a few firms. + +**See if their specialties align with what you want to do with you money Post-MOASS.** Do you want to own a lot of businesses? Want to start your own business? Want to set-up a non profit? Trusts/Estates? Want to set-up a business in another country?? Only you can answer that. + +**Try and find a personality fit if possible.** Accounting firms love bragging about how much they give back and volunteer (Google CSR Report). Look at the organizations that some of these companies are involved with and see if they align with you personal values? That's how I scored a Big 4 internship in college. + +# What Should This Cost? + +I really don't have an estimate as I don't know billing hourly rates of every accounting firm. I hope I've explained why price shouldn't be the only factor. You're paying for expert knowledge, liability protection, convenience, and a professional reference to other professionals you may need to meet with. + +There's also a chance a partner sees your income and offers you a deal to stay with them long term (especially if you're young). I will just throw out $15,000 with little information. It could end up being $5,000 or $20,000+. Will definitely get more expensive when you add in businesses, gifts, trusts, etc....but again, **it is worth paying an expert than trying to figure it out yourself. Haven't we all worked hard enough?** + +# When Should I Reach Out? + +**Post-MOASS.** When I say "high-net worth clients" the **minimum net worth a partner would expect would be $20M+** (aka 1 share of Gamestop). If you show up to a partner with $10k in your bank account and try to convince them t*hat the squeeze is not squoze* they will probably laugh at you. Wait until you are legit wealthy. Partners are Salespeople as well as Accountants. They may reach out to you first. **Never hurts to start researching.** + +# My Recommendation + +**I do not know what best for you.** I hope I've provided enough insight to point you in the right direction. + +**I'd recommend 2 strategies:** + +* Find a large firm with experts in every area that you'd be interested in getting involved in Post-MOASS +* If you don't like the idea of a large, corporate firm, find a boutique firm in your area where the partners are highly specialized in the areas that you care about + +Most importantly, **don't let money be the only factor in your decision making**. It will be 100x better to overpay for high-quality, then to get a really good deal and have to deal with set-backs. + +# Tl:dr + +In my professional opinion, you should hire a CPA to do your taxes from now on after MOASS. There is no correct way to go about finding one. Regardless where someone works, a manager or partner in tax is qualified to help you. + +# Closing Notes: + +&#x200B; + +* We're going to get to Gifts/Estates/Trusts! A lot of this information builds off each other, so I think getting through some basic loss/deduction rules will be helpful before we branch off into other tax entitles +* I've gotten a lot of interesting *and specific* questions on State Taxes. For right now, **the answer is I don't know!** The rules are all different and can change at any time! This is why most accounting firms have an entire team dedicated to JUST State & Local Taxes. +* I will put together **a step-by-step easy guide** on how to find out all of your state questions online (it's not as advanced as you think. This is what we do in public accounting) +* **Foreign apes,** I see your comments! I just ask you to be a little patient! Let me get through the rest of the fundamentals and I will get a post for you guys! I honestly know nothing about this area (just yet)! +* If you find any interesting articles/videos/topics about highly specific things, feel free to comment/DM them and I will try my best to explain. +* **Don't get too comfy.** If MOASS this summer, I would expect most state to add or increase their tax rates as a result. No idea if/when they would be pass + +&#x200B; + +Thank you so much for reading :) + +# Topics I Will Cover in the Future: + +* Gift Tax, Trusts and Estates +* Foreign Apes / Non-US Residents +* Estimated Tax Payments/ How do Understand Your State's Tax Rules +* Non for Profits / private foundations / etc. +* Rich People Things +* Tax Entity Structures +* How to Do Your Own Tax Research +* Other? Comment below! + +# Sources + +[https://klasing-associates.com/tax-preparers-may-liable-much/](https://klasing-associates.com/tax-preparers-may-liable-much/) + +[https://www.businessnewsdaily.com/11205-when-should-you-hire-cpa.html](https://www.businessnewsdaily.com/11205-when-should-you-hire-cpa.html) + +[https://www.vault.com/company-profiles/accounting/pricewaterhousecoopers-llp/company-reviews](https://www.vault.com/company-profiles/accounting/pricewaterhousecoopers-llp/company-reviews) +[https://www.bloomberg.com/news/articles/2018-07-10/u-s-is-said-poised-to-publish-200-billion-china-tariff-list](https://www.bloomberg.com/news/articles/2018-07-10/u-s-is-said-poised-to-publish-200-billion-china-tariff-list) + +President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter. + +The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings. + +Stock futures fell and yields on 10-year Treasuries declined on concern of a widening trade war. + +The Trump administration on July 6 imposed 25 percent duties on $34 billion in Chinese imports, the first time the president has implemented tariffs directly on Beijing after threatening to do so for months. China immediately retaliated with duties on the same value of U.S. goods, including soybeans and cars. + +The U.S. is currently considering levying duties on a further $16 billion in Chinese goods, after a public hearing later this month. China has vowed to retaliate dollar-for-dollar to any further U.S. tariffs. + +The new list would mark the latest escalation of the trade war between the world’s two biggest economies. Financial markets have so far shrugged off the first round of tariffs, which were long-telegraphed, with U.S. stocks up since Friday. + +The press offices for the U.S. Trade Representative’s office and White House didn’t immediately comment when Bloomberg News contacted them. + +### Broad Upswing + +The International Monetary Fund has warned that a full-blown trade war could undermine the broadest global upswing in years. + +Trump last month asked the U.S. Trade Representative’s office to identify $200 billion of Chinese goods that could be hit with 10 percent tariffs. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the U.S. + +Industry would be given time to comment on any new levies before they take effect. + +Trump has been considering tariffs against China since his officials concluded in March that Beijing violates U.S. intellectual-property rights, such as by forcing American firms to hand over technology. +I am feeling a little overwhelmed with the state of my finances in regard to property. + +I know I'm not alone but nobody seems to really care too much about what this means for finances (or society at large) long term. + +I'm supposedly on one of the very best graduate schemes in the country and whilst I don't expect to live a life of luxury in London, or immediately be rich, I find myself living in a flatshare with people who (naively) growing up I thought were at the age of having a house, kids and being quite independent. They're on a lot of money too. + +I'm just finding it a bit overwhelming, I'm ploughing money into H2Bs, stocks and shares and considering buying random houses away from here and renting them out or in the EU (Croatia) etc just to get some sort of hard asset. + +Moving from a working class northern family where even we had our own house it's quite a shock to me that only the 'elite' here really have bricks and mortar and you're blessed if you have a flat. The irony is the kids that were not as academic at school are now mortgaged up and although they might earn less in terms of gross pay, they are probably much better off than me. + +I don't expect this place to have a solution, but is anybody else filled with anxiety for it? I'm terrified should my relationship go south I'll be in my 40s still asking flatmates to do their washing up. + +Is buying property in cheaper parts of the country and renting it out, or in cheaper parts of the EU viable? I've had a look and reckon that I could get some properties outright for what it would cost me for a deposit here. +I have always dreamed about being a wall street trader when I was a young teen and now that I’m legally old enough I finally decided to jump in. I invested 750 dollars into my webull account 8 days ago and it is currently sitting at $897.92. The thing is I feel like I’ve gotten incredibly lucky my first week from just reading webull comments and Reddit posts and don’t actually know what I’m doing. + +My current positions are: +ALLK +2.83% +CVS +1.23% +BRTX -24.45% +CNTX -17.26% +AMC +0.49% +INTC +2.40% + +And SOPA which I made over 100 dollars on by buying in at 9 dollars and selling at like 17.50 on 18 shares, I let it drop into the 16.00 dollar range and bought right back in for 13 shares which is: + +SOPA -6.73% + +So my question is, how do I learn how to do this? I feel like I just got lucky being up 150 dollars after this last week. Because I don’t know what I’m doing and I need someone to teach me or some resources to learn. I’m very passionate about this and don’t want to be an “ape” I want to do this for a job. I am begging for advice. +👋 Hello All! + +I’ve been running the wheel for a while now, usually happy with the gains, until the stock I’m selling calls on shoots up a crazy 50-100% overnight. + +Eg. Tilray was a sweet deal, until the WSB guys heard of it, and now it’s gonna be a pump and dump - such a waste! + +I have been getting a sweet 10% a month through wheeling, but it just breaks me to see myself losing so many opportunities of unrealized gains. Is anyone else struggling with this too? How do you tackle it? + +I know this is part of the deal - otherwise no one would pay the premium. But, I’m looking for any way you guys are tackling this crazy bull market. Everything... EVERYTHING flys up, usually for no good reason compared to the jump percentage. + +Also worried a bit about all this overvaluation. Not sure how we should prepare for a big nosedive, which might come out of nowhere. Any strategies to make the most of the bull market, while running a fair wheel in the back, while also being prepared for a crash if it might come? +I’m looking for advice on financial advisors. + + To start Im am married and 21 years old. As of 2023 between my wife and I we will bring in around 160k before tax. We have zero debt except for our home. Currently it takes around $3200/month to sustain our lifestyle. + + I know investments right now can have a massive impact later in life. We currently are contributing only what our company’s 401k match is. I know We need to be investing a lot more and work on building a portfolio. + + I feel like there are so many avenues available I could over look something important or allocate money in the wrong places. Personally I have no issue paying an advisor I just want to make sure it’s a smart decision long term. I’m not looking for a get rich quick scheme just a safe return and retirement one day. Thanks! +Feelin' Frustrated, Might Delete Later, IDK + +Maybe this should go in r/offmychest, but here I am... + +&#x200B; + +A little history/background about myself: + +* My family moved to the US from Asia when I was a baby. Didn't have much savings. My family has been poor long before I came into the picture. My mom moved me and 3 of my brothers to the US because my dad's father was sick and he wanted to be close. +* When we got here, my parents' marriage deteriorated due to an affair my father had and they got divorced. Mom received child support. +* Mom worked 2 jobs to put food on the table. Once she passed 50, she found it hard to find work. I remembered going days without eating. My brother would take the car and go party with his friends... I guess it was his way of escaping this life. Mom and I couldn't get to the grocery store. Our fridge didn't work, so we couldn't keep fresh food in the house. Lots of roaches. We didn't have heat in the house nor hot water to take showers. We basically had enough for the mortgage and that was it. She was too proud to ask for assistance and I'm not even sure we qualified because she was not a citizen. +* As I grew older, my brothers moved out of the house. After nearly a decade of financial struggles since the divorce, my mom started a restaurant. I worked in it from ages 10 - 18 despite child labor laws. My mom refused to hire enough people and refused to pay me my wages when I could legally work (Age 16). What little I made in tips, I saved. I didn't have a social life in high school because I worked 40+ hours a week. I barely had the energy to study or finish homework because I worked so much. I would get called stupid by some teachers because I seemed so lost during lectures, which totally shot my confidence. I had to drive myself 2+ hours away to take the SAT that started at 7 AM because the testing center in my town filled up. My mom took no interest in my academic success. Needless to say, I bombed it and didn't get into the colleges I wanted. I busted my ass the last year of high school and took AP classes to prepare myself for college. She wanted me to stay and help her run the family business, but I needed to get out of there. We fought a lot. She would guilt me and tell me, "This will all be yours someday." And, "I'm doing this for you." Since my brothers all left and didn't help her. She took advantage of them, too. +* I have this one brother that used my family and me like a piggy bank. He didn't graduate from college and took meager jobs. He's horrible at managing money. Even when he did have a well-paying job at $60k+ a year, he'd blow it all. Then ask us for money. If we wouldn't give it to him, he'd threaten suicide. I remember being 6 years old and begging him not to kill himself over the phone. Once he gets money, you don't hear from him until the next time he wants some. I remember giving him $200 here and there from when I was 14 until I finally put my foot down at 26. He would always call and say he needs money ASAP and that he's living in his car and he needs to eat NOW and get a hotel room so he can shower. You'd have to spend extra and wire the money via Western Union. After you wired it over, he would confirm he received it, wouldn't even say thank you. You wouldn't even hear from him until the next time he needed money. I refuse to give him money anymore, but my mom will still give him a few hundred dollars here and there. +* When I moved away to college at 18, I basically didn't have a job just to give myself a "vacation". I just went to school. However, my parents didn't help me with tuition or expenses, so I ran out of the money I saved quickly. I got a part-time job at the university in order to pay the rent and have food to eat. It was just minimum wage. After a year or two, I asked for some money to fix my car, my mom wouldn't give it to me. She had been collecting my child support from my father without giving me a cent. $500 a month would have helped me pay rent and have food and maybe some more to save for fixing my car when it would break down. As a result, I took out extra student loans just to make things work. I know it was really stupid, but I didn't have choices. I would go to the food bank at a nearby church and spend $30 on an allotment of food. +* In 2010, I graduated after a hard road of working full-time and going to school full-time (it extended my graduation date by a year.) But I was the first in my family to do so. Unfortunately, I graduated at a pretty rough time in the economy and struggled to land a job. Even though I had been employed in the IT department at my university for 5 years, it seemed it wasn't enough. I decided to go back and get my MBA after 6 months of searching. +* During the time I went to grad school, my mom sold her restaurant after almost running it into the ground. As a business student, I tried to help her and would make suggestions in order to increase profitability. She was too proud to take my advice. She walked away with probably about 25% of what she wanted to sell it for. +* I worked full-time during my MBA. I researched, networked, and cold-called; landed my first job in private equity. I got paid almost nothing, but it was good experience. I convinced them to give me a 3-month internship even though they weren't hiring. I did really well and they decided to keep me on another 3 months. But unfortunately, once a large acquisition went through, they didn't need my extra help anymore and ended my internship. I cold-called places again and landed another PE job in an even smaller shop with even fewer employees. It only lasted 2 months before they couldn't sustain me as an employee anymore. +* A few months later, I graduated and went into another field and had probably one of the worst work experience I've had up until that point. The boss would mock other employees in our management meetings (I was one of the managers). The work environment was very stressful and it seemed he hired as few people as possible and stretched them to work insane hours to get projects done on time. I couldn't take the negative environment, so I left after 2 months. I went on a huge anxiety/depression bout and had a long stint of unemployment... 1.5 years. I lost 10% of my body weight and a lot of sleep. I had panic attacks almost daily. It was a horrible time, but I went to therapy and pulled myself out of it after a year. +* From there, I had landed a temp job at another company in their finance department. I got paid $14/hr which was still only $2 less per hour than my previous job. I loved it there, though and busted my ass. I secured a full-time job with benefits and raised my wage to almost $24/hr. +* Unfortunately, 6 months after my promotion, they moved my job overseas. I wanted to go back to the company though, so I basically took the first job that sounded remotely interesting to me. The pay was $18/hr but I wanted to continue my career there, so I took the pay cut. It was in a different department, and I found out that the old department that I worked in was going to be completely offshored, but they all got to keep their jobs as they transitioned things over the course of 2 years. Turns out, my new job was the worst work environment to date. This boss was 10x worse than the other bad one I had. She would mock employees using speech impediments, berate employees in front of the group, create an "us vs. them" culture with other departments, and encourage her subordinates to be mean to other departments. She was notorious for being extremely mean and tenacious. She would ridicule me and others in the middle of meetings. I stuck this out for a few months but went back to therapy after losing sleep and getting my panic attacks again. A few months later, I went to my doctor and he immediately took me out of work the same day and put me on STD for 3 months. He said the stress was doing horrible things to my body. I came back 3 months later and had better tools gained in therapy to help me cope with the environment. Unfortunately, it was still terrible despite me going to HR and reporting my boss' bad behavior throughout the past year. I couldn't take it anymore and decided to quit after 1.3 years. + +&#x200B; + +Now: + +* I am 32F. Unemployed. Feeling dismal about my situation. +* I feel like my life has been a constant struggle and it seems like I seldom have a good thing going for very long before something catastrophic happens. +* I've never made over $36k in a year. +* I know it's not good to compare myself to others, but I've worked my ass off and still have a hard time seeing the benefits of doing so. My NW is barely $33k. I feel like FI is so far away and that I'll never get there when I want to. I read posts on here and see the "*I'm 22 and I have $70k in NW and I'm sad*" posts and I just want to scream. My NW is half of that and I am a WHOLE DECADE OLDER. Makes me feel like shit, honestly. +* I live with my boyfriend and he basically allows me to live here rent-free. (We live in a $90k condo and he makes $80k - 90k/yr and has been for the past 6 years). I do what I can to help out and do all of the cooking, trying to cut down on the food budget. We've been together almost 11 years now and he's helped me through so much. I'm very grateful to him and I feel like if he wasn't here, I wouldn't be able to make it. I feel guilty and I try to have lots of conversations with him about rent, but he always tells me not to worry about it. +* Right now, I am learning new skills and applying for jobs like crazy. But I feel this cloud looming over that I'm somehow flawed and unable to make more money. I've felt that I've always had to take a lower wage for the sake of experience. But it seems as if it has never paid off. I feel like every 3 steps forward, I take 2 back. +* I'm just so FRUSTRATED. It feels like FI is so far away and I'm so sick of seeing posts of people doing so much better than me. As I've said, I know it's not good to compare yourself to others, but I catch myself doing it a lot and I just get really depressed and cry. + +&#x200B; + +I think this was just a way for me to vent. Maybe I want advice? Maybe you want to commiserate with me? Maybe you want to tell me to suck it up and stop being such a bitch? All I know is I just feel awful and I know I should be grateful for what I do have, but it just gets so hard sometimes and I don't know what the problem is. + +&#x200B; + +Thanks for reading, friend. + +&#x200B; + +**UPDATE 5/13/2019:** + +Wow! Let me just say the response has been overwhelmingly positive and I am very grateful for all the kind words and encouragement! It also has helped me open my eyes to see that I am actually doing great :) + +With all I've been through, you would think I would remember how far I've come. But maybe I bury the past because I don't like the feelings it stirs up; stress, worry, lack. I will try to address these in therapy. I think it is key to moving past this barrier. Part of the reason why I wanted to spill out all this history was to show myself what I've been through. It may sound like I'm just a complainer, but it was truly cathartic. And with everyone's positive responses, it helped me see that I really have made it far even if I am not exactly where I want to be. I just have lofty expectations. Thanks for reading what you did and I hope you get some benefit out of it. + +**If nothing else, I hope people in my similar situation read this and see that it's not always as easy. I think the majority of posts on here paint this picture that FI is just getting a good job and saving more than the average person. But that in and of itself is not as easy as it seems. For the posts that say, "I have a $X NW at Age XX", we seem to just see the numbers and don't really see all the hard work and sacrifice that really goes into it.** + +As for my boyfriend, he gets a daily hug and extra squeeze from me when I go through harder times. He is unwavering in his support... A shoulder to cry on, an ear to listen, and offers great advice. I let him know how grateful I am to him as much as possible. He really is awesome :) + +**FYI:** Since some people have asked, I have a B.S. in Economics. I'm working toward a career that involves statistics and econ. I am currently taking R programming courses as well as SQL on DataCamp. I wouldn't be opposed to going back to finance, though, as I did enjoy all the jobs I've had in that field. +Probably get down voted like crazy for this. + +I'm not going to fluff you with some bullshit about how we are due for a bull run. In fact we definitely are not. With all of the uncertainty around Bitcoin right now crypto investors are shying off. + +We won't see a bull run until well after this Bitcoin segwit/hardforking nonsense is over. You and I know Bitcoin is not even comparable to ethereum but sadly the rest of the world does not, and we simply don't know how market forces will handle an event like this. + +This hypothetical post hard fork bull run is only going to happen if the hard fork goes well. + +It's kinda like groundhogs day. If Bitcoin sees it's own shadow in the wake the current network difficulty we are in for a long, cold cold winter. Or summer for you folks on the other half of the world. + +Not what y'all wanted to hear I'm guessing, but I think it's pretty damn near accurate. Stay classy, stay hodling. +Hello EthTrader: Poll Proposal + +-------------------------------------------------------- + + +[Does EthTrader want to add u/Cutsnek , u/Ruvalm , u/BlockchainUnchained , and u/davidahoffman as moderators for a 30 day trial as potential team members?] + + + +Poll options will be: + +Yes, accept u/Cutsnek, u/Ruvalm, u/BlockchainUnchained, and u/davidahoffman as moderators for 30 day trial period + +No + +-------------------------------------------------------- + +I'm wanting to run a poll proposal as per the guidelines here: [https://old.reddit.com/r/ethtrader/wiki/governance](https://old.reddit.com/r/ethtrader/wiki/governance) + +This is not a poll in and of itself, but rather a community discussion before a poll is created about adding more moderators to our sub. This is something I've been wanting to do for quite a long time and now is a great time to do it. + +Many longtime contributors of our sub from the early days have left. Part of this was due to the incredible bull run we had and the ico craze made EthTrader a target for shills and paid trolls to infiltrate. In the spirit of “fear of censorship” the room became extremely noisy. Moderators were consumed daily trying to track down manipulation by teams of people promoting their coins etc. Then during the bear we were consumed with trying to take care of trolls invading our sub from other networks along with reading the pain and grief many of our subscribers were going through. + +In short: We buckled down and started to take out the trash. + +I would rather build a team now than wait any longer. The next bull run will look and feel different and I’m personally inclined to believe we’ll see broader outside groups and well funded click farms do everything they can to social engineer the trading community. Some say that EthTrader is delusional in thinking that we have any power or can affect the market. They may be right. But we can at least get more hands on deck to keep our sanity regardless of market movements and attempt to try to bring the best we can to the front page. + +There is a saying: “You can Make things Happen. Watch what Happens. Or sit back and wonder “What Happened?” + +M.E.G.A: “Make Ethtrader Great Again” *such cringe sorry* + +New moderators I’m personally interested in adding have been around for quite some time. They are ALL interested in being here and putting the time like we all do to communicate, discuss, and do whatever it takes to bring back the brightest and earliest Ethtraders and help educate newcomers going forward. + +Some of these candidates currently have experience in their professional lives with this type of task and they understand it is not a paid position and may include long hours of attention when things get rockin’ again. + +Sometimes it can feel like a 24/7 experience and they understand the room will have scrutiny of their actions. What they say moving forward with the moderator hat on becomes part of their character in the community. This is not a guaranteed permanent position . This will be a 30-day trial. At the end of 30 days the moderator team will find out from these candidates if they want to stay on board or not. + +In other words they can leave at any time if it becomes too much. It's not about making the most moderator actions; It's about having extra eyes and hands on the sub. To start out, these new moderators may well just be communicating with the leaders of the moderator team and do nothing in terms of ban/removals, but rather learn the ropes of best practices. There’s no perfect solution, but having a few more to communicate with will undoubtedly be a good thing. + +We, the moderators, do NOT always get along. We don’t have to agree on everything. We have differences of opinion and best practices. We all want to at least be on the same table and make what’s great about this team even better with people who have been good, level-headed contributors over the years. + +These candidates will be taught by me directly and through moderator mail with the rest of the team. + +Remember EthTrader: Moderators are Community Members first and your help everyday is appreciated and vital. Moderators are listening to you! + +I’m asking other moderators to sign off on this poll proposal and I’m asking for the community to have a conversation and let’s get rolling. + +Candidates as follows: + +# User [Cutsnek](http://reddit.com/u/cutsnek) - EthTrader OG from Australia will help with the time zones including Asia + +# User [Ruvalm](http://reddit.com/u/ruvalm) - EthTrader OG from Portugal @ruivmaia + +# User [BlockchainUnchained](http://reddit.com/u/blockchainunchained) - EthTrader OG from UK + +# User [davidahoffman](https://www.reddit.com/user/davidahoffman) - David Hoffman on Twitter and Medium @TrustlessState and host of P.O.V. Crypto Podcast - Public Figure. + +&#x200B; + +I’m nominating this group. 3 are active on EthTrader and One is a public figure in the ecosystem in many other facets. + +I’m asking EthTrader for input for 2 days as per the guidelines and to begin a 5 day Governance Poll on Monday to ratify these 4 individuals to the team. + +I need one other mod to sign off on this Poll Proposal and I’m very interested to hear what the community has to say. + +Cheers and Big Hugs from Kansas City. + +Pinging 3 members of the mod team: (Reddit doesn’t allow more than that. I’ll ping more in the comments below.) + +u/carlslarson u/Mr_Yukon_C u/aminok + + +As an aside, I'm not going to put any option to "view results" or any other non answer. If you want to see, you need to vote. I'm not interested in doing these governance polls for each member either because I fear it's going to wear people out as polling has in the past. + +My sincere hope is we not only blow past the required threshold and get 20 million donuts represented and get around 500 raw votes cast. Make governance work by participating! Don't throw your vote away. +About 1 year ago my SO and I bought a cheap, ugly SFH in the Midwest. Shortly afterwards we learned about financial independence and how house hacking can give you a significant leg up on your savings rate. + +We bought the home for 142k and the market in our area has been very hot (could prob sell for 150-160k now). + +I’ve always been told to stay in your starter home for at least 5 years to “recoup” your closing costs, gain some equity and wait for the house to potentially increase in value. + +We’d love to buy a duplex in the future and rent out the other half. We’ve played with the idea of renting out our current extra rooms but neither of us want to sacrifice our privacy. We could potentially rent the house out for ~$1,350 which doesn’t even meet the 1% rule. + +What would you do? Sell now? Stay for a few more years? Rent it out? Love to hear your thoughts. Thanks! +Yesterday I was downvoted for claiming this is going to happen. Not a 24hrs later and it sure did. Is this still considered here market manipulation or is it possible that Donald Trump is bending arms for better deals for the benefit of taxpayers? Or is it perhaps both? + +Edit, original comment as requested: + + https://www.reddit.com/r/investing/comments/5jttad/z/dbjnx4v +https://www.cbsnews.com/news/american-jobs-are-getting-worse-according-to-a-new-economic-measure/ + +Although the U.S. is on a record streak for job-creation, many Americans still feel like they can't get ahead — it's not their imagination. The last three decades have seen the economy churn out more and more jobs that offer inadequate pay, a group of researchers found. + +"The history of private-sector employment in the U.S. over the past three decades is one of overall degradation in the ability of many American jobs to support households — even those with multiple jobholders," they wrote. +So, the title says it. I am looking for opinions. Should I invest in tech companies such as MSFT, APPL, GOOGL etc.. now? or should I wait as things currently seem to be unstable while prices are high (looking at the current economic situation). + +If I wait, prices may go higher, and I may end up buying at a high price, but if I buy now, a crah may come, and prices may drop, in that case I would have less money to put in the market to avrege down the cost. + +In 5-10 years I see the stock of these companies up atleast $100 - $200 a share, as these are solid companies, with great balance sheets. So what do you think? +the last 4 months I literally worked every single day, every day. the last 2 weeks i picked up a lot of extra overnights in my part time jobs. then i got a bunch of checks at once from my employers. + +for the first time, my account balance went over $3k! pretty excited... + +.... and then I paid rent and regular bills, got new jeans $30 and a new pair of sneakers for $20, $20 worth of market-rate toiletries and a small deposit into my 'leave this shithole town' account... + +I'm about to cry. + +Trying to remember the positive here, but id be a liar if i said I wasn't frustrated. +I sold a majority stake in my company about a year ago and have hit my fatFIRE number (higher end of 7-figures). 33, married, no kids yet, LCOL city. + +I have never given much thought to retirement, but generating enough wealth to have the freedom to do whatever I want was always the goal. I always had a calculator going in my head, crunching the same formula: "I just need to get to a net worth of X, so that I can have Y cash-flow, which is enough to live on without *having to* work." + +Now that I'm here (about 2x of the number I needed in my prior calculations), I don't really know what to do. I don't have any time consuming hobbies - I always enjoyed business and business building, but the drive to hustle and build was always almost purely money-driven. I feel like I should keep building, but am also asking myself "what for?" + +I don't need more money, and I don't necessarily think that I'll be any happier if I manage to 2x, 5x, or even 10x my wealth. In fact, I fear the opposite will be true as the further you go up the less you can, over time, relate to those who aren't in the top 1% I imagine. + +I'm not depressed - hope that's not the way this is coming off - I'm thrilled and grateful and much happier than before. And I've even enjoyed learning a ton about investing and allocating funds over the last year. But, as for the future, I worry about what I should be doing with my time... about getting bored, not having drive... + +Have others here gone through a similar stage? What came next for you? +I have some Sheets that I use either monthly, quarterly, or annually that I figured I'd pass along just in case they help someone out. Each sheet has a tab at the front that explains what the different tabs show and how to use the sheet. ***Please be sure to open the sheet when logged in to your Google account and go to File then Make a Copy in order to edit the sheet. DO NOT request to edit the form as the Google account associated with these is not monitored so I won't get the request.*** + +First is [my monthly budget sheet](https://docs.google.com/spreadsheets/d/1-gNKRBoqizEscuzN_pFQg819wIg3xXN3glhG0-ilFBw/edit?usp=sharing) that I've been using since 2017 and it's been through different variations from when I originally found it online, and now it's a completely different animal and unrecognizable from where it started. The main page is your typical annual budget with columns for the months and a bunch of categories and sub categories for ease of keeping track. There is also a neat page of graphs that show various spending habits to give a nice visual of your budget. The page to record credit card charges is optional and isn't tied to the budget or charts, but it helps me keep track and categorize my charges. I'm happy to say that by using this (and disregarding my cash-out refinance and home renovations, which netted to nearly $0), my 2021 budget was just about spot on with about +$300/mo. in income and +$300/mo. in expenses. + +Second which I update annually is [my retirement calculator](https://docs.google.com/spreadsheets/d/1o4bnGFE3qVLhvzGR3Gow9nuWOXRJRa3Sk3s23toSSRw/edit?usp=sharing). I originally shared this one to this sub about 3 years ago and after a few minor changes and tweaks, I feel like it's a solid spreadsheet for calculating your retirement savings. You simply fill in the orange boxes at the top, and the sheet auto fills with the various calculations. As I mention in my information tab, this is a fairly basic spreadsheet so variables such as taxes, or being born prior to 1954 (change in SS income), are not factored in. I also found information from the SSA about a reduction in SSI which I **did** factor in, even though I don't think it's considered "official" yet and only a forecast by the SSA. + +Third which I update quarterly is [my 401k and IRA ROI analysis](https://docs.google.com/spreadsheets/d/1ypUbE0eASXduM9HRrP_Wqxcxle4uHT0r9nvD32hnkDs/edit?usp=sharing), which really helps put into perspective compounding interest, and the benefit of employer matches and investing early and often. This one is also fairly basic as you simply put in your contributions, employer match (for 401k only), the gain/loss on the quarter/year, and any other changes during the period (fees, reinvested dividends, etc.) and it does a few calculations to show your return on investment using various inputs and calculations. I also included graphs for each of the 401k and IRA tabs that give a nice visual of your savings. I really like the graphs as not only do they show your total investment, but it breaks it down so you can see from where the total balance is made up. + +Last up is [my net worth tracker](https://docs.google.com/spreadsheets/d/1V_luU_xJ1YAJw20p4CzeTxTl8BHthbNEsPj9rzE3XtE/edit?usp=sharing) which I also update annually. This is about as simple as you can get and I probably could have used any of the thousands online, but I figured since I am messing with my other sheets at the same time, I may as well whip something up to track my net worth as well. Like most net worth spreadsheets, you simply enter in all your assets and liabilities, and it takes the difference to show your net worth. I added a graph below the input area for a nice visual overview over the years. + +If you have any questions, or if you found any issues, let me know. + +EDIT: Updated the NW tracker to have the years in the graph update with the years in the chart above. +I am back again asking someone with a wrinkle to fucking help me. I first stumbled across this two weeks ago. It was right before July fourth the post got some traction, but I never really found the answer I was looking for. Its been to weeks and we’ve got some more info so here we go. + +[https://www.reddit.com/r/Superstonk/comments/oci04r/some\_one\_with\_a\_wrinkle\_fucking\_help\_me\_weird/](https://www.reddit.com/r/Superstonk/comments/oci04r/some_one_with_a_wrinkle_fucking_help_me_weird/) + +\^first post + +***Trigger warning:*** First I am a crayon snorting pirate and I have fucking potatoes for brains. 2nd there will be other tickers mentioned so we can make a bigger comparison to try and figure out what the fuck is going on. 3rd Knights of new please do not kill this, please someone kill this with reason it has been bothering me for two weeks. 4th Yes, I am bringing dates and I know what just happened on 7-14 you better be ready to get hurt again. (If any of this is not for you leave now) + +Let’s begin we are talking options **max strike prices**! Now the reason this has my attention is because if you are buying a max strike options, you are basically gambling on the most unlikely outcome to happen. For market makers that would be easy money. Like why not just take “Dumb Money” money? Just cash that moon bet and keep moving. + +When I made the first post 8-13 options existed but 8-27 did not. I noticed on 8-13 that the max strike prices just plummet. They are noticeably less, but why? Why not just take the money and run? Well, the best answer I found the first time was from an options mod who PM’d me to tell me 1- that I couldn’t post because of karma requirements. 2- that he believed the reason 8-13 was lower is because it was the most recent option mentioned. + +So, I waited two weeks to find out more, two weeks because 8-20 already existed cause it is a monthly option. So, when you see the (M) next to the below date those are monthly options and set out way earlier then weekly options. + +**1st GME –** We like this Stonk! (I noted when the max strike changed from original post. If not noted did not change. The \* are dates we are focusing on) + +**Original post was trading at about $200. Today closed at $169.04** + +7-23- $680 + +7-30- $570 + +8-6 $440 + +8-13\* $217.50 + +8-20 (M) $680 + +8-27\*\* $250 *(was not listed 7-2 original post, so why is the max strike higher then 8-13? Its not been out as long)* + +9-17 (M) $680 + +10-15(M) $680 + +11-19 (M) $800 + +12-17(M) – *This existed when I wrote the original post. But this has disappeared according to both my Brooker and barchart. If anyone can find what this is currently go for it. Previously it was listed at $950* + +1-21 (M) $950- *Now this has changed when I originally posted it was listed @ $680 now the max strike is $950* + +This time I took it one step further. I started looking at the volume or each week. Idk how accurate stonk o tracker is, I’ve seen it referenced in this sub a few times, so I figured why not. Looking at the volume for both 8-13 and 8-27 the volume is just all together gone. Weirder part the volume for 8-13 is lower then 8-27 and 8-13 has been listed longer. + +[https://gme.crazyawesomecompany.com/](https://gme.crazyawesomecompany.com/) + +**2nd Motion picture** **Stonk** + +**Original post trading about $50, today closed @ $34.96** + +7-23- $145 + +7-30- $125 + +8-6 $125 *(this did go up $5)* + +8-13\* $70 *(this went up $8.50)* + +8-20 (M) $145 + +8-27\*\* $70 (wasn’t listed 7-2 original post) + +9-17 (M) $145 + +**No Oct or Nov options listed, weren’t listed first post ether.** + +12-17 (M) $145 + +1-21 (M) $145 + +Check stonk o tracker they also have motion picture stonk on there. I wasn't able to add link because it trigger a filter. + +**3rd Apple –** **you know the deal blue chip stock company runes the world. First post trading about $140. Today closed @ $146.39** + +7-23- $180 *(went up $20)* + +7-30- $180 *(went up $10)* + +8-6 $180 *(went up $10)* + +8-13\* $215 *(this went up $60)* + +8-20 (M) $230 + +8-27\*\* $185 **(wasn’t listed 7-2 original post)** + +9-17 (M) $1000 + +10-15 (M) $235 + +11-19 (M) $200 + +12-17 (M) $200 + +1-21 (M) $1000 + +**4th – AMD** **(WATCHING THIS DUE TO PENDING MERGER, COOL COMPUTER SHIT) 1ST post trading @ about $95. Today closed at $85.89** + +7-23- $135 + +7-30- $135 + +8-6 $135 + +8-13\* $135 *(went up $35)* + +8-20 (M) $140 *(went up $5)* + +8-27\*\* $135 *(wasn’t originally listed)* + +9-17 (M) $190 + +10-15 (M) $140 + +11-19 (M) $140 + +12-17 (M) $185 + +1-21 (M) $185 + +For my first post it looked like the entire market was taking a dump on 8-13 with the max strike prices. Now it looks like things are shaping back up to normal except for meme stonks. Some things we have learned since the first post. + +1- Amzn was originally not listed at all on 8-13. Now its listed and has a normal max strike price. + +2- Tesla was brought up in first post. It had a major drop on the 13th originally but now the max price is up to $1000 on 8-13. The rest of the max strikes are $1375 currently trading @ $644.22 + +3- Its not a holiday week or end of the quarter. + +So now I started to specifically dig on shorted stonks. Cause it looked like mainstream ones were balancing out. What if there was like a vortex just sucking down the max strikes for shorted ones on 8-13. So I hoped on Ortex and looked at there last tweet and who they highlighted. + +**RKT** was mentioned didn’t find much here all max strikes go to $30. Also there best day was 3-2. + +**NOK** – nothing here, all strikes go to $9/$10 they did have a good day on 1-27 like game + +**BBBY**\- Small change here it was going for $50 it takes a small dip at 8-13 to $45 + +But then I found some other interesting ones. + +**PLTR-** takes a dip from $40 to $33.50 on 8-13 then another dip on 8-27 to $30. They also had a good day 1-27. + +**BBerry** (trying to beat filter) gets interesting too and yes they had a good day on 1-27. + +7-23- $40 + +7-30- $32 + +8-6 $26 + +8-13\* $20 + +8-20 (M) $27 + +8-27\*\* $20 + +**Cl0V Leaf** ( trying to beat the filters) also interesting but there best day was June 8th. + +7-23- $43 + +7-30- $43 + +8-6 $29 + +8-13\* $19 + +8-20 (M) $43 + +8-27\*\* $15 + +***These other tickers are not FUD, I am simple trying to paint a bigger picture. I truly don’t understand what’s going on and I am hoping another ape sees this and can explain.*** + +**Summary/TLDR** + +My original thoughts from the first post was that the entire market was showing a warning sign on 8-13 because of the max strike disappearing everywhere or it was some kind of glitch and everything would balance itself out. Now I think its even fucking weird that the “mainstream stonk” get back to normal but there is for sure something going on with both game and movie stonk on 8/13. It doesn’t make sense why those strikes wouldn’t be hire just to take dumb money from retail, right? Even weird that the next weekly behind it 8/27 has a higher max strike and hasn’t existed as long. Seems like someone really doesn’t want to get caught holding the bag on some moon bets that week. I also think some of the other “meme stonks” showing a “carter” (this is just what I’m calling it for the moment) in the 8/13 8/27 window is also weird. + +But I am high AF on crayons I snorted several boxes to the dome to make this post. So take it apart, tell me why I am wrong or what the fuck is going on or add on it. Just someone give me an answer as to why these max strikes just disappears and the volume is also gone for 8-13. + +Smarter apes [u/atobitt](https://www.reddit.com/user/atobitt) [u/dlauer](https://www.reddit.com/user/dlauer) [u/criand](https://www.reddit.com/user/criand) tear this apart please and thank you. + +&#x200B; + +Edit 1: I had some apes message me cause of karma requirements not fully understanding options. So I am going to break down a little scenario hoping it improves some understand on options. Again I snort my crayons so bare with me. ***This is ONLY a hypothetical, I did use some real data to try and make it more realistic.*** + +Each call options give you the right to 100 shares at the strike price. So you are paying the premium and if you are correct, meaning the shares close above the strike price you picked, then you have the right to those shares. If the price goes over the strike price during the week before it expires you can exercise your option and take those 100 shares at your strike price. Yes you still have to pay for those shares but if you are way up it could be well worth it. + +I just looked for this week there are 949 call options for max price of $680. Say that the shares hit $2k on Wednesday just on the option difference alone they would lose 1.2M that’s if everyone sold there options assuming a premium price (price you paid for the option of $500). You can always just sell the options and not exercise the contract, you don't gain any shares but in this situation you just came up $1200 on a $500 investment which is a bad deal, IF IT HITS! Now if people exercised those shares. They’d lose $125+ million dollars and that’s just in the options chain FOR THE MAX STRIKE PRICE, you would have to also count all the strike prices below $680 that finished ITM (in the money). But that also means that the most unlikely thing happened! So this week we don't hit over $680 then the market makers take your $500 and keep moving. mean they just made a quick $474,500 on just the $680 contracts alone. So if they can make that kind of easy money on moon bets then why are they turning off their own revenue stream? + +&#x200B; + +Edit 2: u/1amazingday came up with a very good point. That Ethereum has an update coming 8-4. Which of course we all have seen that maybe GME does a crypto using Ethereum. So you could speculate that the update comes, then the crypto dividend comes. **But that's really just all speculation.** + +[https://forkast.news/ethereum-london-hardfork-update-eip-1559/](https://forkast.news/ethereum-london-hardfork-update-eip-1559/) + +here was the source he was referencing. Also read else where that this is a big shift from POW (proof of work) to POS (Proof of stake) which is apparently a big deal. Thing is I don't know enough about crypto to have any idea wtf that means. + +&#x200B; + +Also yea 8-13 is Friday the 13th. Go head, get your spooky MOASS on! + +&#x200B; + +Edit 3: I’m really humbled and appreciate all the replies/up dots and awards. There will be a V3 coming at the end of the week (probably Sunday) cause we will have new info on 9/4 which will be the next weekly option. +Real estate maybe peaking, and interest rates will rise further thereby hurting returns. Stock valuations silly high (PE is double historical mean, CAPE more that double historical mean) and profit margins are extremely high (perhaps 50% higher than long term avg) making PEs look less extreme. If margins and PE numbers both revert, look out below. Commodities have doubled. Crypto is crypto. Bonds are suicide with rates rising. Gold? Maybe...but really just a gamble, and no dividends. CD rates nil..but will rise so maybe that is best bet in future. Thanks Fed. + +That's all, no questions. And yes I know this is very downvotable, but oh well. + +EDIT Margins may never revert as per some experts, as tech stocks dominate and have naturally high margins...but still the PE thing. +I'm considering a 2nd EU passport as a potential retirement lifestyle and "insurance". 49 now, two kids. HQA Visa seems like it could give all of us passports within five years for $175K. + +It is different from the golden visa in that basically this funds an R&D project at a university to incubate a business. I would assume it is basically a donation to a university, but probably could take it as a capital loss so really only talking $120K or so assuming the research is useless. + +Wonder if anyone has pursued this or done any more advanced research and has experiences to share? +Hello r/personalfinance, + +If this is the wrong sub, please direct me to a better suited one. TL;DR at the bottom. + +Alright so, over the weekend I rented a 'mystery vehicle' from Budget. The mystery vehicle in question ended up being a Dodge Grand Caravan.. we had a good laugh about it but it only served its purpose of getting from point A to B and back. Van was prepaid for $54.57 (cheaper than the ridesharing we would have done) and picked up at Cleveland Hopkins International Airport. We drove it from there to our hotel, a pitstop for snacks and coffee, back to the hotel, then finally back to the airport with the necessary fuel stop on the way. The rental lasted for *exactly* 24 hours. According to my Google Maps Timeline, the total distance drove in it was 53.5 miles. I had 150 miles free for the day according to the rate. + +Then today, I was reviewing my statements and noticed the charge on my credit card. Huh, I thought, maybe one of those weird deposit charges that went away after the rental was complete? Nope, I had a bad feeling about it and went to my profile and pulled up the receipt. My heart sank as it reflected the charge on my credit statement. How? I scanned the receipt and saw the charge for miles.. I found the odometer readings from before and after and the difference was *2695 miles.* The total driven distance was 2695 miles. Odometer out: 20055, odometer in: 22750 **HOW?** + +I attended and was in a wedding, but let's say if I didn't do that, what fun could I have had in the van? The van I had rented after flying to Cleveland? My own 24 Hours of Le Mans? Maybe take a joy ride across the country to Austin, TX for brisket (but flew to Cleveland first) and back? For such a trip, and following the speed limit would have taken 40 hours and 20 minutes nonstop. If you do the math, my average speed would have had to be 112.29 MPH *the entire 24 hours* of those 2695 miles. + +Sorry for the long post, I'm just trying to find humor in such a situation. I have already called their customer service and filed a claim and have a claim number that will apparently be resolved in 5-7 business days. I had to ask for it, nothing specific on whether they would call or email me. I'm just afraid they won't see the obvious error and will fall back on their odometer readings as their defense. + +Has anyone else been in a similar situation? What do I do now? Wait? Do I dispute it with my credit card company? I can't afford that much money for nothing. I'm looking for advice on my next steps. Thank you. + +TL;DR - Rented a van, prepaid $54.57 for 24 hours, charged $1649.14 for the odometer reading stating 2695 miles were driven. Seeking for advice. + +UPDATE: Budget actually came through today and corrected their mistake! Also, a big shout out to all of you for the advise and laughs. + +I did not expect this many people to reply or reach out at all.. y'all are awesome. I know this situation may seem simple but just a reminder that: 1) there's people who are willing to help with any situation, 2) keep a calm head when dealing with companies that make mistakes. We're all human and 3) cover your own ass just in case! +LIBERO FINANCIAL FREEDOM 🗽 is hidden 💎 + +&#x200B; + +🗽Website: [https://libero.financial/](https://libero.financial/) + +&#x200B; + +🗽Twitter: [https://twitter.com/LiberoFinancial](https://twitter.com/LiberoFinancial) + +&#x200B; + +🗽Telegram group: + +[https://t.me/liberoofficialgroup](https://t.me/liberoofficialgroup) + +&#x200B; + +🗽Telegram channel: + +[https://t.me/liberoofficialchannel](https://t.me/liberoofficialchannel) + +&#x200B; + +Some information about that project + +&#x200B; + +The Best Auto Staking + Defi 3.0 Multichain Farming Protocol + +&#x200B; + +Highest Fixed APY - 158,893.59% + +Automatic Staking and Compounding in Your Wallet! + +Get Rewards Every 30 Minutes / 48 Times Daily! + +Defi 3.0 Multichain Farming to support price floor. + +Rug-Proof: No minter code, Audited by THOREUM & RugFeeCoins + +&#x200B; + +Libero Finance is transforming DeFi with the Libero Autostaking Protocol (LAP) that delivers the industry’s highest fixed APY, compounding rewards every 30 minutes, and a simple buy-hold-earn system that grows your portfolio in your wallet fast with fixed interest of 2.02% per day or 158,893.59% a year without you having to do anything. + +Libero = Financial Freedom + +&#x200B; + +Libero rewards holders with 2.02% daily interest, auto-compounding every 30 minutes, making 158,893.59% APY. + +Simply hold $LIBERO and watch your 1,000 $LIBERO become 1,588,935.90 $LIBERO in a year. Backed by our innovative Treasury algorithm using automatic buyback & burn to support the price. + +The protocol will use Defi 3.0 Multichain Farming to increase the Treasury exponentially at a rate of \~50% a year or more to better support LIBERO price floor. +To begin with [PROOF](http://imgur.com/a/7yqTV) + +This was the meeting described in [this post from 3 months ago](http://www.reddit.com/r/occupywallstreet/comments/1arzzd/1er_here_that_won_an_auction_benefiting_the_rfk/). It turned out that due to health problems the fishing trip got boiled down to a long dinner conversation, but that was ok because I can not fish worth a damn. + +As a preface, I was given this opportunity because /u/m0rph3u5 thought my project [The Technocopia Plan](http://code.google.com/p/the-technocopia-project/wiki/About_Technocopia) would produce an interesting conversation. + +The meeting began with a discussion of robotics. One of the contracts my company does is for control systems for [neurosurgery frameworks](http://aimlab.wpi.edu/research/) (skip to 0:33 in the video). A friend of his has cerebral palsy so i was able to discuss with him how the robotic assisted therapy works. From there we segued into robotics and automation of the economy. + +I laid out the basic thesis from [Race Against the Machine](http://www.amazon.com/kindle-store/dp/B005WTR4ZI) in that the rate at which we are eliminating jobs is faster then a human can be trained for any new job. I then further claimed that projects like the Technocopia Plan and [Open Source Ecology](http://opensourceecology.org/) will leverage the community of labor to design the new manufacturing backbone. On top of that, the Technocopia plan is aiming to eliminate mineral sources in favor of carbon based materials synthesized from CO2 (and other air gasses plus trace minerals from seawater). The result will be free and open designs, free and open manufacturing equipment, and free and effectively infinite (emphasis on effectively) material source streams. (since this is not a tech sub, i will spare you all the details of how that will work) + +The response was surprising. In response to "It seems we just have more people than are needed to make ever increasing productive capacity, and that divergence can only accelerate thanks to the technology coming online now", Mr Volcker responded "You have put your finger on the central problem in the global economy that no one wants to admit". This confirmation from the top of the banking system literally made my heart skip a beat! (I have a heart condition, so that was not hard though) + +We then discussed ideas like disconnecting a citizens ability to exert demand in the economy from employment, since it is now clear that there is no longer a structural correlation between them. We discussed Basic Income and the Negative Income Tax (Milton Friedman), as transitory frameworks to allow for the development and rollout of Technocopia abundance machines. As a confirmation that Mr Volcker was not just nodding along, when i misspoke about how the Friedman negative income tax, i was quickly and forcefully corrected. I had accidentally said everyone gets the same income, but what i meant was that everyone got at least a bare minimum, supplemented by negative taxes. This correction was good because it meant he was not just being polite listening to me, he was engaged and willing to correct anything he heard that was out of place. + +Over all, Mr Volcker was a really nice guy, and somewhat surprisingly, he was FUNNY. He made jokes and carried on a very interesting conversation. Even if he had not previously been the chairman of the Federal Reserve Bank, i would have enjoyed my conversation with him. + +Thank you to /u/m0rph3u5 and Reddit for making this happen! + +*EDIT spelling + + + +So I'm looking for historical financial statements of U.S based stocks. I need dividend history and financial statements for delisted stocks as well. + +Polygon.io seems to have some of this data but they don't have dividend history for delisted companies. +First, end the business tax deduction for employers that provide health insurance. This has the two-fold effect of ending the senseless linking of employment and health coverage (so you don't lose your health care because you lose your job), and breaking the over-reliance on health insurance, which is all a result of our current tax code, and the primary reason our health care costs so much in this country. + +Instead, you make the medical care itself, **not the insurance**, tax deductible **for individuals**, along with all deposits into health savings accounts. This cuts out all of the middle men between health care providers and consumers, forcing both the consumer to be more cost conscience and the the provider to offer their services at a substantially lower price. + +This way doctors and patients, not insurance companies and HMO's, are the center of our health care system. Insurance will still exist, but it will generally be low premium/high deductible and only used for catastrophic care, with the vast majority of care being paid for directly by the consumer (keep in mind, prices will be dramatically lower with the insurance companies and the government out of the equation). You, not the insurance company *or* government bureaucrat, will choose what doctor you see and what care you receive. +First, end the business tax deduction for employers that provide health insurance. This has the two-fold effect of ending the senseless linking of employment and health coverage (so you don't lose your health care because you lose your job), and breaking the over-reliance on health insurance, which is all a result of our current tax code, and the primary reason our health care costs so much in this country. + +Instead, you make the medical care itself, **not the insurance**, tax deductible **for individuals**, along with all deposits into health savings accounts. This cuts out all of the middle men between health care providers and consumers, forcing both the consumer to be more cost conscience and the the provider to offer their services at a substantially lower price. + +This way doctors and patients, not insurance companies and HMO's, are the center of our health care system. Insurance will still exist, but it will generally be low premium/high deductible and only used for catastrophic care, with the vast majority of care being paid for directly by the consumer (keep in mind, prices will be dramatically lower with the insurance companies and the government out of the equation). You, not the insurance company *or* government bureaucrat, will choose what doctor you see and what care you receive. +[The beast is growing!](https://preview.redd.it/om4eohkucqy61.png?width=1534&format=png&auto=webp&s=704017fd96e28f8e3e54d81cf7e14ca3b7c0c16a) + +**Thank you everyone for the love and support!!! I am so happy to see people are able to understand the mess we are seeing!!** + +&#x200B; + +The Infinite Loop pt. 2 and 3! + +\*The regular stuff: this is not financial advice, I am not an advisor, please take this with a grain of salt, research it more yourself… yadda yadda.. On to the good stuff\* + +Here it is guys… most of part 2 and some of part 3! + +\*If you have not read Part 1 here it is- [https://www.reddit.com/r/Superstonk/comments/n4j3zo/a\_mind\_map\_to\_help\_follow\_the\_money/](https://www.reddit.com/r/Superstonk/comments/n4j3zo/a_mind_map_to_help_follow_the_money/) + +\*\*LINK TO THE MAP\*\* [http://go.bubbl.us/b7f901/25d0?/The-Loop](http://go.bubbl.us/b7f901/25d0?/The-Loop) + +TLDR: Bearish Side is pretty difficult to find! I put in what I could of Citadel, and people really don’t seem to want to do much with them! Housing Bubble is growing… take a look! Other than that.. you know the drill! Reading holds the key to the map! (Starting to feel like Charlie… “Who is Pepe Silvia?”) + +As I said previously, this is an ongoing mind map, and the more I research and dig around, the more will be added to this! + +Let’s dive in! + +The good news: + +I have been able to lock down Citadel, and where they are at in the map. I have found quite a few institutions have 13F filings for Citadel, but no one actually wants to have any ownership of them. So far Wells Fargo, JP Morgan and Bank of America are the ones that are taking a chance on them ( at least from what I have found..). I have also found the 17 broker/dealers that utilize APEX Clearing as their clearinghouse! Interestingly enough, Robinhood does not fall on this list. I will be adding the other broker/dealers and their clearing houses soon. + +Some of the names that stuck out to me are M1 finance, Webull, WealthSimple, Ally, and Firstrade + +I have not completed the ones who have a PFOF with Citadel, but it’s coming. (I am only 1 person). + +If you cruise on up to the purple/red bubbles you will see that Citadel has not only shares bought in Vanguard and Blackrock, but they have also decided to place options on them as well. Doing what hedgies do best, I guess. + +Moving on up to the north side of Citadel’s bubble, we see 1 13 D/A filing (there are more, but not relevant to this…). I found that they have a little bit of control ownership in Susquehanna! The same one that is up with our good friend GAMESTOP! + +Citadel is truly the only one I could pin down to being at the center of the mess going on, and the other hedge funds do not have any major link to them. + +THIS IS A GOOD THING! + +The more I tried to find the bearish side against AMC and GME, the more I found that they had even MORE backing on the bullish side. + +At the very top, where my random banks were, we see Charles Schwab has 1.23 Million shares of Gamestop and 1.77 Million shares of AMC. They also have 13F filings for Vanguard and BlackRock. Moving over to the left I found that Bank of America had 13 G/A filings from Berkshire Hathaway (a whopping 1.032 BILLION Shares), Vanguard, and BlackRock. BofA also had investments in BlackRock and Vanguard (along with Citadel and Point72). There are others, but this map would NEVER end. + +Deutsche Bank had a 13 D/A filing from BlackRock and had a 13F filing for Citadel. + +From what I kept seeing, MOST of the banking institutions have some form of investment into Citadel! Concerning? Not really… Because the almost all that has been invested is so tiny that the banks may only feel a slight pinprick from their investment, in the event Citadel ceases to exist. + +The powerhouses are proving to be on the right side of history this time, which is good for economic purposes. + +Or are they? + +Part 3. + +If you notice, there are two new bubbles coming from Vanguard: Invesco and BlackStone. + +We know Invesco Kenna… But who is BlackStone? + +I am SO happy you have asked that question! Let’s head down to the Housing Bubble that is forming. + +I am so thankful for my husband for helping to piece a lot of this together! His background? He is a realtor himself and enjoys tracking the market! He started noticing some dangerous trends within the market itself and wanted to dig more into it! He started this research a couple months ago and found that we are gearing towards ANOTHER 08 situation. + +People are taking out more subprime mortgages recently, and the fascinating thing is… that it is for rentals! Rental homes have a little more leniency on borrowing since it is for income, and the big investment institutions figured that out. BlackStone SOLD the FIRST single family rental securitization in 2013 for $479 Million! + +I Could do an ENTIRE write up, but my husband did an EXCELLENT job dictating his points ON the map… So, I will leave you be for a moment to follow the chart! + +The only Key you need for that section: + +Subprime Mortgages: + +Green- STILL AVAILABLE (one way or another, it could be tricky… but there are lenders for these) + +Red- NO LONGER AVAILABLE + +\- + +\- + +\- + +Welcome Back!! Hope you found that interesting! + +The last thing for this DD is the Housing Insurance Bubble! + +A few months ago, we saw whispers of notable names from the ‘08 era looking into a bubble revolving around homeowner’s insurance. The idea was that Climate Change affected zip codes would see an increase in their premium costs. In turn, the monthly cost would be substantially higher than what the owner originally agreed upon. Between the pandemic, and people normally taking out the max they can borrow, their shoestring budget becomes even thinner! Therefore, while interest on the mortgages were low, people in areas where fires, hurricanes, floods and/or tornados occur would see their payments fluctuate drastically! The unfortunate side effect will be people being unable to make their payments, and we could see more people being foreclosed on! + +If you will go to the bubble just south of the CDO/BTO web, you will find my area where I am starting to gather article and will be posting stats for updating purposes! + +Please note: ALL OF THIS APPLIES to commercial real estate as well as residential! + +\------------------------------------------------------------------------------ + +Thank you for taking the time to read through everything and follow along! As far as I can see we are heading towards something pretty incredible… and history books will talk about this for centuries! + +Be kind to one another! + +Lastly… TO. THE. MOON!! +Just wondering why most people decide to stick with Forex when it seems much easier to make consistent money trading Futures, especially as a daytrader/scalper +Oh boy I hope I’m wrong, but with the article yesterday and then being over 30 today in pre-market makes me think they’re setting up bull traps on options for this week. + +I hope I’m wrong but I have never seen so many posts about 30 which pre-split is 120 which is absolutely so low and still a good buy. + +If anything I still believe it goes parabolic after $45 as that is the battle of $180 and it *always* seems like they’re losing control when it’s at that price. + +This is just my opinion again hope I’m wrong but stay zen, buy, DRS, and hold. + +Edit 9:40EST: it seems that I am potentially eating my words, glad to be! + +Edit 10:30EST: well after the halt of course it’s back underneath $30 and volume has fallen off. Seems like it was all orchestrated. ‘Member when they came out with the articles about NFT marketplace and the stock popped like 30% after hours, cause I ‘member. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [��� Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +We are all at different stages in our algo careers, but maybe someone who has run into this issue before and can share their experience. + +For an algo that has positive backtested results, through all kinds of turmoil in the markets when do you decide ok this is not working anymore? When the losses exceed a drawdown in the backtests? +I just finished reading through the [proxy statement](https://gamestop.gcs-web.com/static-files/b8fcb1ce-dfcf-42fd-89a8-dfaed2084dcc) and they provided a list of all the >5% shareholders and the positions held by officers and board members. Even without including institutions that hold less than 5%, the total public float available is only around 26M! Imagine how many institutions just didn't make the cut-off! Here's a table that summarizes the list: +https://i.imgur.com/DttUhbK.png + +I'm JACKEDDDDDDDDDDDDDDD + + +EDIT: Some of you are saying you're counting 54M or 66M. If you counted 54M, then you're double counting Ryan Cohen (his shares are listed under RC Ventures). If you counted 66M, then you're double counting every director and triple counting Ryan Cohen (the 11M listed as All Directors and Officers as a group is a sum of all of the directors and officers) +So I ended up getting a second job to ''save'' but the paychecks were mesley ($100/week). Basically I spent the check back at work because I figured with my work discounts I was ''saving''. + +After seeing that my shopping category was $700+ on Mint I got scared (in a course of one month!). I reevaluated my life and said ''this check will go directly into a savings account.'' + +Seven weeks later, I was surprised it's $700. My biggest problem was that I had short term thinking. ''Oh, this is only $100, that means I can splurge on dinner! Or a shirt!". NOPE! This was a horrible idea. + +I grew up poor so I didn't realize I had this ''use it or lose it'' mentality. Saving for me was almost pointless. But I didn't realize I would get a high from seeing an account grow. + +I previously ignored a lot of advice here, but decided to take the plunge and listen for a bit. It's working great so far! +Hello everyone! +This is a bit late but this rocket of a sub don’t seem to be nearing its end! We dnt only outperformed r/ausstock in gains per year (maybe) but we have now also outperformed them in reddit growth! + + +So to help commemorate the achievement of reaching 20k members on this money making sub reddit, I have come to offer a deal! + + +I am putting up a ban deal for BPH! If PEP-11 does not get approved by NOPTA by the end of October (closing of 30 Oct) or it gets denied (praying that it doesn’t 🤞🏼🙏🏼😭😭), I ask the mods to ban me until PEP11 gets renewed or if not until their expiry on feb 2021 and I will also shout one of the mods a KFC family feast 🍗(meal negotiable) as a payment for my dues of being autistic. However, if they get approved before then, I will choose someone with the best loss porn to be able to share some tendies (family feast or meal negotiable) with me and hopefully inspire them to not be shit traders. + + +KFC meal deal: I will order through the app and will set store closest/preferred to the person for him/her to pick up. I will edit the order as the person wishes. + + +Thanks everyone and happy trading to all! 🤑😁 + + +Also I haven’t been here in a week or so and some of the posts are just of a shit quality 🤔Stop asking wat stocks to buy idc if u have a spare 20k 🤑😖 This isn’t fb stock tips, Surely just look at the daily thread if u can’t search things urself ! Also I didn’t know we were rating portfolios now too! Must be just a phase for asx_bets ? 🤔🤔 +Let’s pleaseeee not fuck this sub up by having just pure retard posts ! + + +Edit: happy to swap kfc to a six pack or so at ur chosen bws to pick up! +# October 2020 Catalyst + +The OG's remember when GameStop announced its deal with Microsoft and the stock saw a spike in volume and price. This was officially announced at the Third Bridge interview on 21st of October 2020. The relevant tickers for this event were Microsoft (Obviously because of the deal), Sony and Nintendo (For the upcoming console news). + +Here is a screenshot from the ol' Bloomie Termie showing this event: + +&#x200B; + +[The event that lead to the Microsoft catalyst \(21 October 2020\)](https://preview.redd.it/aj99lxt4jyp61.png?width=1366&format=png&auto=webp&s=cf98afcdbda9cb76aa86a30c0c46d2c736e2d16f) + +# ------------------------------------------------------------------------------------------- + +# Now I present to you a possible Catalyst: the Iron to the Nitrogen and Hydrogen + +On the 30th of March 2021 *(20:00 London/ 15:00 New York/ 03:00 Shanghai)* GameStop will be having another interview with Third Bridge and it has been named "GameStop - E-commerce Transformation & Structural Business Overview." This may be the reason why the leadership kept quiet about their future in the earnings call last week. They may have been holding out on any announcements so that Third Bridge could get the juicy news. But then again these are speculations coming from an A-Grade dumbass. So October was about the Microsoft deal and the upcoming console cycle. What do we have coming tomorrow? Take a look at the agenda on the image below: + +&#x200B; + +[Look at the agenda above. Notice the relevant tickers.](https://preview.redd.it/nr2p6gsajyp61.png?width=1366&format=png&auto=webp&s=fc09b1a7391b012e51f90239906f689800e18997) + +&#x200B; + +The agenda above is exclusively linked to GameStop just as it was in the first image for the October interview. I say this because you may see Walmart, Amazon, Target and Best Buy are listed as the relevant tickers for this interview. This is not about them. This involves them but the interview is about GameStop's future. Could those four companies be mentioned tomorrow in a huge deal that will spearhead the transformation of GameStop? I think so. + +&#x200B; + +As a corporate move last week's earnings call seemed to be like a massive dud of a catalyst. This is strategic in my opinion. If I knew that our earnings would not meet expectations why would I mention my huge Ace in my hand? I would not risk the negative image of the below-expectations earnings tainting my major announcement for the future. Again this could also be about PS5 restock news and this is not a catalyst. + +# ------------------------------------------------------------------------------------------- + +# TL;DR + +\*\*Possible catalyst = GameStop has an interview tomorrow discussing their future with the same firm that they had an interview with when they announced the Microsoft deal in October 2020. Tomorrow's announcement also includes $AMZN, $WMT and $BBY as linked tickers to tomorrow's announcement.\*\* + +&#x200B; + +*any arguments or clarifications are welcome* + +&#x200B; + +Edit 1: Relevant tickers are likely due to those companies being direct GameStop competitors [https://www.similarstores.com/like/GameStop](https://www.similarstores.com/like/GameStop) + +&#x200B; + +Edit 2: Removed rockets because people think that I am predicting a squeeze. This is purely an informative piece and is by no means a shot in the dark to predict the MOASS. Hold and take all information with a grain of salt. +(Can't edit the title though) +I recently paid off two loans, one student and one medical, after which my credit score promptly dropped 50 points. The two reasons for the drop, as far as I can tell, are that I now only have a couple credit lines open aka a thin file, and that I no longer have a mix of revolving and installment accounts, only revolving (credit cards). + +This probably won't affect me since I'm not looking to make any big purchases at the moment. It's just so ridiculous that this is how credit scores function. I paid off two loans (one of which took me about 8 years so I feel very accomplished) without having one single missed or late payment, and the result of that accomplishment is a significant credit score decrease. If I were to look to improving my credit in the short term, the best ways to do it would not actually be financially beneficial to me. I could open a new credit card line, which I have absolutely no need of, and/or to obtain a loan for something, which I also have no need of. I am a renter, my car is paid off, and fingers crossed there are no more large medical bills in my future. + +All that being said, this is a great reminder for me that a good credit score can be a very helpful tool towards achieving and maintaining financial stability, but that it should not itself be pursued as an end goal - it is a means to an end only. Obviously that idea is nothing groundbreaking, but I figured since I needed the reminder myself, that maybe some others would too. +Need some advice! + +I've been considering going to college to earn an associates degree, and if that works well enough, then possibly apply for a 2+2 bachelor program. + +I've been in sales my entire adult life, never been extremely successful in any particular industry, and have been living paycheck to paycheck recently. My income has been around 40-45k/yearly for the past 4 years. I am married. I have one 18 year old child (which is why I now am considering a degree). + +I feel that I have great potential in a management function, but with no formal education, I have applied for management roles and always been denied due to other candidates backgrounds (so I've been told). + +I've always made on time payments for all of my obligations and I fear that my current financial situation (car payments, credit card bills) will surely suffer if I go to school. + +What advice can I get from amyone who's been through a similar situation and actually pulled the trigger? What can I expect and what would you have done differently to lessen some of the issues that may have arose? + + +EDIT: Thank you everyone for all of the advice!! + +EDIT 2: 7:11pm EST- Have read every comment thus far. Thank you to all, good or bad, for the input! Most action my reddit inbox has ever seen. + +EDIT 3: 9:47 PM EST (10/15/17): My Karma has risen like a Bitcoin! Thanks everyone! +I know most people in this forum generally subscribe to the Boglehead philosophy of buy and hold, stay invested no matter what, etc. Not to be a downer, but I have a serious question about the safety of cash holdings. The prime MMs are currently under tremendous stress. + +For those that currently have a lot of their net worth in cash, what are the options available to protect that cash in the unlikely event of bank failures and brokerage failures? /fatFire members have the unique problem of FDIC and SIPC limits that probably don't protect all of our liquid assets. +A 30 year $1,000,000 mortgage at an interest rate of 2% requires repayments of $3,696 a month. + +At 4.5%, a $729,500 mortgage requires the same repayment of $3,696 a month. + +At 5.0%, a $688,500 mortgage requires the same repayment of $3,696 a month. + +At 7.0%, a $555,500 mortgage requires the same repayment of $3,696 a month. + +Property prices have clearly not dropped by ~27-32% since the peak. So, why are we still paying such a premium on property? + +I realise that prices are not exactly equivalent to how much one can afford to pay and that there are other factors involved. Can anyone please explain these factors are, or what might be causing this distortion or lag? Or are aussies simply mathematically illiterate for the most part? +Got what I suspect is a scam message. Took two days to realize is was a very elaborate phishing scam. + +They’re super patient, may have a year old Reddit account and will ask for demographic details in a non-noticeable way +I have been doing well at work and my offset account is nearly equal to my mortgage. I assume that means I have paid my mortgage but I might be missing some trick of the bank. + +My dad’s spending all his time on the stock market but he lives in Europe and all his advices are “this is tax deductible” and I have about 0 clue how the Australian system works, so not sure if his wealth of knowledge is even transferable. + +My wife is on a very low salary and friends tell me the wisest and easiest thing to do is to put more in her super - again google search has got me overwhelmed and still lost on the practicality of what to do. + +Finally some numbers. We live a simple life and I think we can invest $4000/month once the mortgage is paid, some months will be harder if we have things like white appliances dying or we need to do some repairs but I think I can commit to this amount. + +My work is taking all my time so I probably don’t have a lot of room to work this money (like buying a business and running it) and I’m not looking to be a millionaire- I’d just like to retire earlier - I’m 44 and exhausted. +I work for a small independent company that does not offer retirement benefits. Recently, we had a former employee who switched to financial advisor and came to our company to offer life insurance and retirement options. Being 32 years old with little retirement, I knew that I needed to open an account so I did. With their suggestion, I opened a Traditional IRA with Capitol Group/American Funds. Well, I have since began researching more into retirement accounts and am concerned that working with this company may not be the best way to build a retirement fund due to high fees and less than optimal returns. Are the fees worth it for someone who finds it very overwhelming to choose different investments and would prefer a less stressful way of retirement planning? + +TLDR: opened Traditional IRA with Capital Group/American Funds with no knowledge of financial planning. Wondering if their high fees are worth it for a more low maintenance approach or should I open an account with a company with less fees and better returns? + +&#x200B; + +Any advice or knowledge with the company is welcome. Thank you. + +&#x200B; + +Edited: Btw, I am a woman. +I signed with them in January of 2021. The deal is 1% AUM, paid quarterly and withdrawn from my brokerage account that they manage. Never seen a bill, invoice or anything like that. + +The advisor is a fiduciary and a small, independent group. I really really like and trust them but this seems odd (I raised it recently and they said this was normal). Is it? + +If it's not normal, what is for this situation? What should I be asking them to do? +I'm curious on what is everyone's top growth stocks for short, medium, and long term. I'm 23 years old with a $17,000 portfolio looking to be somewhat more aggressive since I'm a little younger. I started back last April/May, so I am currently up a decent amount on most of my current holdings. I already have a 6% 401k match, so I'm not too focused on safety or retirement in this account. MY ETFs currently are: VOOG and ARKW. Then my stocks are: TSLA, AMD, BABA, AAPL, MSFT, NET, PLTR, PTON, MGM, PLUG, RKT, and SPCE (I know I'm very tech heavy). Any suggestions? Thanks in advance! +This started about 4 years ago when I was 2 years old. My dad started to supplement me picture books and cartoons with beginner options books and Martin Shkerli's live videos on how to pick pharmaceutical stocks. Over the course of these years I have retained absolutely nothing even though my dad has spent every waking minute trying to make me understand. He has done almost everything including having Jerome Powell's speeches play while I am sleeping and only having Warren Buffet on the TV to try and make me understand the market. Yesterday, he got to a breaking point when I couldn't differentiate between a straddle and a strangle even though we went through different strategies for almost a month straight. My dad finally convinced my mom that they were doing the right thing when he said that I will soon be a Wendy's worker begging my wife's husband for a weekly allowance because I will never amount to be anything. He couldn't fathom raising a kid who was not able to able to make a profit from trading options by the time he was 10. With all that said, if anyone wants a 6 year old child who is shitty at market strategy, plz adopt me from Eternal Sunny Orphanage in Omaha, Nebraska. +Hello all, I have just finished "The Candlestick Bible". Had it in my bookmarks for a few months but never read it. Just had some free time yesterday and read it in one evening. For anyone who is still looking for a strategy or wants to learn price action, that's the only book you will ever need. +Highly recommend! + +Share your thoughts if you have already read that book. :) +I have recently become very interested in the 'green energy' and 'clean water' sector after watching the Al Gore: Averting the climate crisis | TED Talk. + +As a value investor, I am looking to stock pick rather than invest in an ETF such as iShares Global Clean Energy ETF (ICLN). + +I am hoping to find some interesting stocks that will either benefit from targeted 'green deal' 'generic stimulus' and/or low interest rates. + +I have a strong interest in businesses with a franchise model such as Water Intelligence plc (WATR.L) or a compelling growth story such as H2O Innovation Inc. (HEO.V). + +Do you have any interesting small cap or midcap picks in the green economy sector? e.g. \[insulation, solar, perovskite, Nano-thermal, photovoltaic converters, water leak detection, energy storage, desalination etc\] + +I am particularly interested in finding firms with low debt, positive EBIT and an interesting product or service. Also, must be listed on a reputable stock exchange. + +Any suggestions would be highly appreciated. +I bought a few shares about two months back after looking at it for a while and it seemed like it had good fundamentals and potential for growth but now it’s been losing a considerable percentage day after day. Anyone know what’s going on? I can’t find any information which would indicate this aside from the general uncertainty around China. I don’t plan on selling because I know they’ll continue making money but I’m not an experienced investor and want to know whether I’m missing something obvious. +*Video summary:* [*https://youtube.com/watch?v=Ooszlh7ZxwI&feature=share*](https://youtube.com/watch?v=Ooszlh7ZxwI&feature=share) + +One of the most overlooked stocks on the American stock market is Dropbox. I personally love it. It's got a lot of potential and the recent drop in price opens up an excellent opportunity for new investors. + +# Dropbox at a glance + +So, why should we care about Dropbox? Simple. It's a well-performing business that keeps beating analyst expectations. In fact, Dropbox does not have a single earnings or revenue expectations miss since they floated on the stock market! Yes, Dropbox's growth may be slowing down a tiny, tiny bit, but it is still double digits. This growth is likely led by the overwhelming switch since last year to working from home. A lot of people are also starting their own small businesses and they need solutions like Dropbox to help them organise their files, documents and so on. So, the question is, what does Dropbox actually do? Their flagship product, Dropbox, is a cloud storage solution similar to Google Drive, One Drive, iCloud and so on. Essentially, you can store files on Dropbox and synchronise and share them across PC, mobile, tablets and so on. However, Dropbox is actively striving to become a workspace platform or a smart workplace. Over the last three years they have also acquired HelloSign and DocSend that provide even more capabilities to its users. HelloSign provides the ability to send, receive and manage legally binding electronic signatures, whereas DocSend allows you to securely share documents with other people or businesses, track their usage, provide NDAs, meaning Non-Disclosure Agreements, eSignatures, watermarking and so on. Overall, these three services provide the backbone of the Dropbox product offering. However, Dropbox continues to look for new ways to improve and expand and have recently introduced three new features: Capture, Replay and Shop. I am really interested in the Shop feature, I think that has a lot of potential, but it's still too early to tell. If it goes well though, it could become a very successful marketplace for digital content. + +# Earnings, revenue and key metrics + +This all sounds really good, but let's look at the numbers. Always look at the numbers before you invest ***especially*** these days when there are so many companies that talk a lot, but have nothing to show for it. Like a lot of modern tech companies, the Dropbox business model revolves around subscriptions and that means it is relatively predictable. As long as users are satisfied with the product, they will continue using and paying for it. In Q3 of 2021, Dropbox had over 700 million registered users with 16.49 million paying users up from 15.25 million last year and those include both individuals and business subscriptions. Dropbox's business model focuses on converting existing users into paying users and we can see it's obviously working from this increase of 8.1% in the number of paying users per year. What Dropbox also does is upsell to existing users and nudge them to upgrade to premium plans, purchase additional licences and so on. As they say though, the proof is in the pudding. Over the last year, Dropbox has managed to increase the average revenue per user to $133.79 compared to $128.03 last year, which is a steady increase of 4.5%. When combined with the increase in paying users, that results in an increasingly profitable business and, as a result, Dropbox shows consistent growth every single quarter. Dropbox had 9 consecutive quarters of rising earnings, but broke their streak in the latest one. Q3 of 2021 showed a tiiiny dip from $0.40 to $0.37 dollars EPS, but that is still up 42% since last year. On the flipside, their revenue has grown every single consecutive quarter since they floated on the market with an average revenue growth of 12.5% to 19% year-on-year. Dropbox's revenue for Q3 was $550.2 million compared to $487 million last year so an increase of 12.9%. We can also see a decent increase in Dropbox's free cash flow of 18.4% to $221.5 million in Q3 of 2021. + +# Expectations + +Going forward, analysts expect that Dropbox will see a 9.8% increase in revenue next year and a 6% increase in earnings. This doesn't sound like much, but it follows after one of Dropbox's best years so far. Plus, analysts keep pushing their expectations up, which, again, means that Dropbox is performing better than expected. That's important because that's what drives the share price up! There have been 7 Q4 earnings revisions in the last 90 days and all 7 of them have been upward revisions. There has also been 9 revenue revision for Dropbox's full-year 2021 revenue in the last 90 days, 8 of which have been upward revisions. Overall, this bodes well for Dropbox's performance. + +# Leaner operations + +Also, I've noticed something which a lot of investors and analysts are overlooking right now, but it is extremely, extremely important in my opinion. The operating expenses of Dropbox have barely moved since December 2019 while their revenue has grown by 26% and their free cash flow has increased by 80%. Lean operations are what good tech businesses are all about so this is a really, really big plus for Dropbox in my books. Dropbox has high gross margins, currently 81% compared to the 80% last year and improving operating margins with 29.3% right now versus 23.0% last year. + +# Founder is still in business + +Another bullish argument for Dropbox is the fact that the founder Andrew Houston still owns almost 30% of Dropbox. That's a massive stake and shows his commitment to the company even though he did sell 9% of his total shares on 17th Nov. That's his only sale in the last 2 years though. Founders having a big stake in the company usually means that the company is still in the growth stage and the share price still has room to grow. + +# Financial position + +Then, let's take a look at Dropbox's cash position. They are flush with cash, absolutely loaded! They currently have $1.93 billion in cash and cash equivalents which is more than their debt of $1.37 billion which means that Dropbox is in a really good financial position considering that they are also profitable. Plus, Dropbox is not actually paying any interest on its long-term debt! The reason why is because they raised money using convertible notes without any interest. Instead, those notes give the loaner the opportunity to convert the notes to shares of Dropbox at the price of $35.35 and $38.25 per share. So, what is Dropbox doing with its cash? Well, first of all, they have been buying back shares. In fact, Dropbox has managed to reduce shares outstanding by 8.6% since the start of 2020. Just during the last quarter, they've bought back $181 million worth of shares! Second, they're using that cash to acquire new companies to fuel additional growth. Acquisitions can be a double-edged sword sometimes, but Dropbox has made it work so far. As I mentioned before, Dropbox bought HelloSign in February 2019 and DocSend in March 2021. The two acquisitions boosted Dropbox's capabilities and now allow them to offer a complete, full suite of self-serve products to its users. + +Alright, I hope that by now we all have a pretty good understanding of what is the current situation with Dropbox. Two main questions now remain. One, is Dropbox trading at a good price. Two, what do we need to watch with Dropbox? + +# Valuation + +Let's look at the valuation first. Currently, Dropbox trades for a PE of 17.6 calculated using the adjusted EPS compared to the sector median of 25.3. Dropbox's forward PE is 16.5 which again lower than the sector median of 24.96. Finally, its PEG ratio is 0.53 and anything under 1 means that the stock is undervalued. The price-to-sales ratio of Dropbox is 4.66 compared to the sector's 4.08 and their forward price-to-sales are 4.36 compared to 4.14 so that's slightly higher than the median, but not by much. Dropbox also said that they expect $1 billion dollars in free cash flow by 2024, which gives us a forward price-to-free cash flow ratio of just 9 which is really, really good. Overall, Dropbox looks undervalued by several indicators right now. In terms of valuation, SimplyWallstreed gives Dropbox a fair value of $53.5 dollars based on its free cash flow. My personal EPS valuation of Dropbox gives me a more conservative figure of $40.2 dollars. Finbox's 10-year Gordon Growth model gives Dropbox an average valuation of $35.4 dollars which is near the analyst consensus of $34.5. Obviously, these are not precise targets, but the main point is that Dropbox currently appears really undervalued gives its current price of $24.7 dollars. The price of Dropbox surprisingly dipped 20% over the last 5 weeks which was strange. There was no actual obvious reason for it as Dropbox reported strong results and actually raised guidance going forward. To me, that's just a great opportunity to get a great stock at a discount! + +# What to watch with Dropbox + +Before we finish this off, I want to mention a few things that we need to keep an eye on with Dropbox. First of all, we need to monitor the number of paying users and the average revenue per user as we need to see steady increases there for Dropbox to justify the investment. If those numbers start to stagnate, it may be time to get out of Dropbox. Another figure to watch is the stock-based compensation. In 2020, the total stock-based compensation was $505.9 million which was more than the adjusted earnings of $409.1 million for the entire year! Dropbox is obviously no longer a startup, but it is still in a growth stage so that type of stock-based compensation is normal, but it's still good to keep an eye on it as it dilutes stock ownership. A lot of people have missed the fact that Dropbox has stock-compensation clauses for its CEO, Andrew Houston, connected to its stock price. More precisely, those stock prices are $30, $35, $40, basically on every $5 dollar increment so the more Dropbox's price goes up, the more stock-based compensation Andrew Houston will get. Finally, it looks like institutions are bullish on DBX, but a bit less so than before. The current put-to-call ratio is only 0.8 and that's up from 0.42 during the previous quarter. Essentially, a put-to-call ratio below 1 means that funds think Dropbox will go up. If that ratio goes significantly above 1, then that's one sign of bearish sentiment on the side of funds. Also, it looks like the institutional ownership of Dropbox has gone done from 84% in the last quarter to 76.6% right now. Personally, I think that's because Dropbox hit an all-time high in the latest quarter and funds took the opportunity to take some profits so I'm not that worried about the reducing ownership. + +So, that's all I have to say about Dropbox for now. What do you think? Are you bullish like me? + +P.S. Whenever I discuss Dropbox with other investors, everyone keeps pointing out Google Drive, OneDrive, iCloud, etc. Before you raise a similar argument, make sure you read the post. I do address these, but I'll sum them up here: + +* Dropbox has partnerships with these companies +* Dropbox has a bigger market share than Google or Apple when it comes to cloud storage +* Dropbox offers a different product from Google, Apple, Microsoft, etc. +* As a cloud storage option, Dropbox is one of the best on the market and holds its own against the other leaders: [https://www.cloudwards.net/dropbox-vs-google-drive-vs-onedrive/](https://www.cloudwards.net/dropbox-vs-google-drive-vs-onedrive/) + +*Video summary:* [*https://youtube.com/watch?v=Ooszlh7ZxwI&feature=share*](https://youtube.com/watch?v=Ooszlh7ZxwI&feature=share) +Spotify had huge volatility in the share price in the last 1.5 years, so I decided to take a look at the business, understand how they make money, analyze their historical performance, and lay down some assumptions to assess its intrinsic value. + +As always, below is a link to the video: + +[https://youtu.be/zmQanRQ5z8s](https://youtu.be/zmQanRQ5z8s) + +For those that prefer to read, below is my analysis: + +Spotify adds value to the users by providing content in the form of music/podcasts and it is definitely a disruptive platform. Fundamentally, they have two types of users: + +1. Ad-supported users - those that are paying for the content with their time (by occasionally having their content interrupted by an audio/video advertisement). In this case, Spotify gets advertisement revenue, but this represents only 10% of the total revenue. Of course, as the users get access to the content, 90% of all of this revenue goes to the owners of the music/podcast, so Spotify is left with a gross margin of 10%. In fact, this segment of their business is not profitable, but it serves as a stepping stone as it targets a wider audience and if they're happy with the platform and decide that it adds value, they can become premium users. +2. Premium users - those that do not want their music/podcast to be interrupted and are willing to pay a monthly subscription for that. This is 90% of their revenue and the gross margin is at around 29%. Same as in the previous case, the cost of the revenue is the royalty and distribution costs related to content streaming that is paid to certain record labels, music publishers, and other right holders, for the right to stream music to the users. This is the part that is key for their business. + +The revenue growth in 2017 was close to 40%, then in 2018 and 2019 it was close to 30%, now it is close to 20%. Even though the company is growing the total revenue, these are declining growth rates. + +The # of premium users has increased from 71m in 2017 to 172m reported in the last quarter (Q3-2021). However, the average monthly revenue per user has been declining from €5.32 to €4.25 in the same period. Is it worrying? It depends. I see two reasons that can justify this decline in the average revenue per user: + +1. The plan chosen by the users - Spotify offers many different plans (Student plan, standard plan, duo plan, family plan...). The plans that involve more users are more expensive on an absolute basis but are cheaper per user. If more users opt for group plans, then it is not a surprise that the average revenue drops. +2. Expansion in lower-rate markets - Same as Netflix, the pricing differs between countries. If Spotify is expanding in LATAM, then the marginal revenue is lower than the average revenue. + +So, we have two types of users that bring revenue to the company and a gross margin that's at around 27%. Once they cover the cost of the content, they need to cover the SG&A, R&D, and Sales/marketing expenses. Currently, they're at a point where they're covering that and they have an operating margin of close to 0%. So, looking into the future, as the economy of scale kicks in, I expect them to have a positive operating margin. How high? My assumption is 13% and here's why: + +I can see them improve the gross margin and get it as high as 30% and over time, the Sales/marketing expenses and SG&A should be lower as % of the revenue. For the R&D, it could be that they remain to pour funds into that for a longer period. Of course, if you disagree with me on this assumption, at the end of this post I have a table that shows the valuation based on different scenarios (revenue growth / operating margin) + +From a balance sheet point of view, there's nothing worrying. About 60% of the balance sheet (amounting to €4.3bn) is cash/cash-equivalents, short-term investments, and long-term investments. They have only €1.2bn in long-term debt and about €600m in capital leases. + +If you are confused about why I am using Euros, Spotify is a company based in Sweden and it reports all the financial numbers in Euros. So, I'll be valuing the company in the same currency and once I have the value, I'll convert that to USD to compare it with the market price. + +So, here are my assumptions about the future: + +Revenue growth - 20% in the next year, then 17% for the following 4 years and then slowly declining to the euros risk-free rate. + +Operating margin - 0% for the next year, then improving overtime to get to the 13% in the next 6 years + +Reinvestment ratio - 4 (Sales to capital) - Mainly in acquisitions as they have a lot of cash that they need to put in use and possible opening a few more offices around the world + +Tax rate - 25% - although as they have €2.2bn in tax credits, they won't be paying any for quite some years. + +Based on these assumptions, with a DCF model, the outcome is **€174.26 or in USD - $193.43** + +I personally didn't see any fundamental change in what they've been doing or how they were growing over time that justifies the share price increase in the last 1.5 years so the decline was pretty much expected from a fundamental point of view. + +Below is an overview of the value of the company based on different assumptions related to revenue growth (in 10 years) and operating margin: + +&#x200B; + +|Revenue / Op. margin|10%|13%|15%| +|:-|:-|:-|:-| +|180% (€25.7b)|$121.6|$158.7|$183.3| +|214% (€28.8b)|$133.1|$193.4|$201.7| +|250% (€32.0b)|$145.3|$190.9|$221.4| +|300% (€36.7b)|$161.6|$213.1|$247.5| + +I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. +Starbucks stock has been facing challenges, which is reflected by the flagging performance of its stock price this year; underwhelming sales in China, unhappy workers wanting to unionize, inflation, etc. + +Suspending the stock buyback program is clearly an effort to both re-allocate capital elsewhere, as well as improve optics. Will this be enough to spark meaningful growth for the company and its share price? + +Will dividends be cut next? Is Starbucks beginning to sink, or will it pull through? What are your thoughts? +Valuation down to 3 year low, mainly due to competition and breaking up with apple + +EPS for the last quarter is down 25%, but for the last year is actually up by 20% + +PER at 9, which is still pretty good + +Dividend at 2.8% which is not juicy but is better than nothing + +what do you guys think? +I might be a few years off, MSFT IPO'd 1986. + +But people need to let the GRAVITY of that sink in a minute. + +All the FAANGs and MSFT have never existed in an inflationary ecosystem like this. I think a lot of peope are about to be in for a very real rude awakening. + +But contrary maybe this is a test that will be passed. + +Maybe these tech titans will earn enough money up front to weather the storm. + +But with dismal book values (versus their own historical) and huge PEs....I doubt it. +&#x200B; + +For comparison: + +|Company|EV/S|EV/FCF|EV/E| +|:-|:-|:-|:-| +|**Stellantis**|**0,13**|**0,72**|**1,5**| +|Ford|1,1|8,0|8,2| +|GM|1,0|\-113|13,4| +|Volvo|0,59|\-34|13,2| +|BMW|1,1|12,8|9,9| +|Tesla|19,0|283,1|186,0| +Just starting to understand how great of a buy Tencent is, even alongside Chinese regulation as well as the discount through Naspers. Much of their profit comes from outside of China with companies such as Riot and Epic Games, which haven’t even had an IPO yet and once they do, what do you think the value of Tencent will look like? What do you believe Naspers will look like alongside this future Tencent valuation? +Hello value investors, at the shareholders' meeting of Berkshire Hathaway in 1994. Warren Buffett was asked about BETA risk measurement, and he explained that he did not believe in BETA and that concept entered financial markets from academia, but I did not quite understand it. Can anyone give me an analogy for this explanation? +I just received my payoff quote and sent off my last mortgage payment. Debt free at 44! Paid off a 30-year mortgage in 8 years, saving over $80,000 in interest. Damn it feels good! + +My wife and I teach at local colleges and combined don't make more than $90k/year before taxes. No kids (maybe cheating, but that does make things less expensive, YMMV). We deliberately bought a house well within our budget anticipating early payoff and put a lot of personal work into it to make it comfortable. + +My advice to younger folks looking into home and car ownership: + +**1) Buy well within your means. And be realistic about your means.** There is a difference between what works and what you want, and you need to learn to be initially content with basics. Don't buy that shiny luxury car on credit. Buy a good used car and learn to take care of basic maintenance yourself. Save up and pay in cash if able. Same with the first house. When you get free of debt, then you can start looking at that shiny car and that pristine house. + +**2) Keep a well stocked emergency fund for the inevitable storm**. You will probably shift careers several times in your life and you need to be able to weather periods of unemployment. + +**3) Do math. Really.** If you weren't great at math in school, still try to learn how interest works against you when taking out debt. Use reputable mortgage/loan interest calculators online and explore payoffs. I use spreadsheets to calculate and track all of my finances and it is invaluable when attempting to forecast. + +**4) Don't assume more debt than absolutely necessary. What the bank will lend you and what you can safely afford are two wildly different numbers.** By all means, get a 30-year-fixed mortgage, but see what it would take to pay that off a few decades early, and use *that* number to determine how much house you can afford. See item 3. Avoid PMI with an appropriate downpayment. If you can't afford the downpayment, you can't afford the house. If you take out all the mortgage that the lender will give you, you will be a debt slave for many, many years. + +**-------------------------------------------------------------------------------------------------------------** + +**EDIT: RIP Inbox! I've tried to reply to a bunch of posters but only managed to answer a few questions. Here are a few:** + +**-------------------------------------------------------------------------------------------------------------** + +**Q: How much was the mortgage compared to your income?** + +A: Purchased a cottage for $168,000 in 2010 (a buyer's market after the recession). Yeah, this isn't Beverly Hills. Some of you probably have more expensive dog houses. Put $35,000 down on a 30-year fixed mortgage, 4.2%. PITI was less than $1000/month, which was a bit more than 20% of my take-home pay. + +I was able to put about $1300 into savings every month toward the end by some rather ruthless budgeting and some side contract work, and I kept 6-months emergency expenses in savings. When I accumulated significant excess savings and was assured all liabilities were covered for the next year, I'd slam a big payment down on principal once or twice a year. + +**Q: Why didn't you go with a 15-year fixed mortgage?** + +A: I initially went with 30-year-fixed as I was in a new job and wasn't 100% sure of how quickly I could pay it off, so I went with flexibility. Once I got a stable picture of our finances I saw that I could do even better with 15-year, so I refinanced a few years ago to help expedite the payoff. + +**Q: Why not just pay minimum and invest the rest?** + +A: Personal satisfaction and security. Knowing that I don't have to worry about a mortgage payment ever again, or worry whether the stock market will beat my mortgage costs over 30 years, is priceless to me. Early payoff is a guaranteed return (albeit probably less than the stock market), and now I can devote what I would have paid to my mortgage over the next 22 years to savings and investing. And I was maxing out my IRAs over the last several years while doing this. + +Yes, I very possibly left some money on the table by not putting more into the stock market. We'll see in 22 years how much that matters, but all I know is that I am safe and comfortable NOW and am putting nearly 50% of my pay into savings and investments. + +22 extra years of being worry-free; it's hard to put a price tag on that. + +**Q: What about the mortgage interest deduction?!? Didn't you just walk away from $80,000 in deductions by paying off early?** + +A: The mortgage was initially only for ~$134,000. What I was paying for mortgage interest every year only made itemizing for the mortgage interest deduction barely worthwhile for the first two years or so of the mortgage. Remember, it's a deduction from taxable income, not a tax credit, so the actual benefit on my income was a couple hundred dollars at best. Ever since the standard deduction has always been the better choice. The mortgage interest deduction was never a compelling motivator to maintain an outstanding mortgage. +You’re thinking about buying but the price just keeps going up and up so you’re waiting for a pull back but it doesn’t happen. + +- When you don’t buy it keeps going up +- When you buy is when it drops +- After you sell at a loss it goes back up + +For some reason the market goes against your decisions. It’s taunting and laughing at you. It’s chosen you specifically and while Yahoo convos question “I don’t get it—why is this stock down today?” you know why. + + +Always buy, hold, stop looking at it every second, and stop making Reddit threads when you’re down 2%. +Am I reading into this incorrectly? Why else might he would buy into NAT this heavy a week before the end of the quarter? Thoughts? + +*Edit: the shares were purchased at $4.11 each, for a total cost of $205,500 + +https://finance.yahoo.com/news/nordic-american-tankers-ltd-nyse-140837346.html +**TL;DR:** There is to many shenanigans, and to many unrelated anomalies occurring for shorts to have covered. Read the damn list. + +Whattup apes, I don't normally actively post, I prefer to scroll through for the memes and look for confirmation bias in well written DD. It's my turn to contribute to the community. Over the last few days, Superstonk has been bombarded with some craziness that can't be explained. Let's clear the air. + +Occasionally, apes will loosen their grips on their diamond hands, and this is **something that we can never do.** (In this instance, we indicates "retail traders" and none of this is financial advice, even though the SEC has never done anything important, not one time since its founding, literally ever, but that's besides the point). I digress. Anyways, whether it be FUD, boredom, FOMO on other opportunities, etc., **apes must never release their diamond grip.** There will never be another GME. There will never be another opportunity like this, because the SEC and rule makers are going to step in and protect their rich, asshole friends to make sure they never lose this amount of money again. I would be surprised if anyone went to jail after this is all said and done. Once again, I am cynical and absolutely would love to be pleasantly surprised, but the wealthy protect the wealthy. + +Let me propose to you a couple metaphorical questions. If apes were barking up the wrong tree, and this was all for nothing, then what the hell is actually going on here? Let's review some of the situations that apes have been tested on so far, and you'll be rest assured that we are on the right track, and the correct thing to do is hold until your face is red and your hands are bleeding. + +&#x200B; + +* If GME wasn't about to break the market, why the hell did they turn the buy button off in late January? This was unprecedented, and nothing was ever done about it. (**BTW**, **FOR THE LOVE OF ALL THINGS HOLY, PLEASE PLEASE PLEASE LEAVE ROBINHOOD. DO NOT LET THEM TAKE ANOTHER CENT FROM YOU. SERIOUSLY, THE TRANSFER TAKES 48 HOURS, AND THE MOASS WILL LAST FOR DAYS/WEEKS. YOU ARE A TRUE TARD IF YOU'RE STILL ON RH)** All we got from regulators and Congress was a dog and pony show on why retail investing can be risky and should be regulated. +* If the thesis was wrong, and shorts covered, then why the hell is there **NOTHING** but FUD articles taking a crap all over our favorite stock? Seriously, the ratio of positive to negative articles must be 1:15, and we only get the one short, pointless article when it's a face ripping 30% up in a day. +* If shorts covered, why is there a constant stream of shills and bots running over our subreddits? Bots were prevalent before, but this is unprecedented. Shoutout to the mods for their hard work. +* If shorts covered, why did WSB abruptly change, have a meltdown, and remove DD posts about GME? (This one will certainly ruffle some feathers, I know ZJZ lurks here, but it my **OPINION** that the sub is a husk of its former self) The content there no longer seems as organic as it used to be. This is not an attack on WSB, we wouldn't be here without it, but its changed undoubtedly. I still love the idiots over there that YOLO. +* If shorts covered, why did Ken have five lawyers in the room with him during the Congressional hearing? An honest man who has done nothing wrong would not need advisors. +* If shorts covered, why did DFV exercise his call options, and buy more? That man is not in the business of losing money, and has been on the winning side of the GME bet since Day 1. +* If shorts covered, why would Ryan Cohen consistently reference bears doing dumb, foolish things in his tweets? Why would Ryan Cohen, the man who built his business off the grounds of pleasing customers and shareholders, take time out of his busy day to send cryptic messages? Additionally, why would Gamestop's official page constantly drop ads that contain key words related to and merchandise that references apes, the moon, etc.? +* If shorts covered, **what the shit** happened February 23rd and 24th? Somebody was out for blood and wanted everyone to know that GME's story was not dead, was not over, and to keep your head on straight. That's the type of price action we'll see during the MOASS when Citadel and friends lose. +* If shorts covered, what happened March 10th, where GME gained over 90% in two days, and **FLASH CRASHED** to $180 in thirty minutes, losing over 50% of its value? I have never, in my life, seen something so aggressively be driven into the ground. Someone was very scared of $350 per share. I watched that day in disbelief, and yet we still closed green. +* If shorts covered, why were prominent DD writers and wrinkle brains being threatened? Why were some attempted to be recruited to bat for the other team? Why would someone waste time, energy, and **money** to try and change the sentiment on our favorite stock? +* If shorts covered, why did Citadel sell $600 million dollars worth of bonds? Admittedly, companies do issue bonds regularly, but the timing in this instance is very odd. +* If shorts covered, why did Melvin Capital's Gabriel Plotkin get bailed out by Point 72 and Citadel? Was it because their institutions were at risk should Gaby be margin called? +* If the god danged shorts covered their outrageous positions, why the hell were major financial institutions, stock exchanges, and hedge funds working until the wee hours of the morning in their offices last weekend, in the middle of a pandemic? Google geolocation data confirms this. What do they know, that retail hasn't uncovered yet? +* If the shorts covered, why the hell is the DTCC proposing new rules as fast as the printer can print them? Along with this, why swear the SEC head in so suddenly, on a Saturday? It sounds like it must be pretty damn important. +* If shorts covered, why is GME consistently running out of shares to borrow on the trackers that apes like to check? This, along with the absurdly low borrow rate also seems suspicious. +* If shorts covered, why are they watching this subreddit like a hawk? Google trend data showed Superstonk trending in Chicago one day after Superstonk split from /r/GME. Why watch this sub if you closed your position? (**Sup hedgefund employees, you can be a whistleblower and make millions of dollars by** [clicking this link](https://www.sec.gov/whistleblower/submit-a-tip)**. But, you better hurry, time is running out**). + +There is speculation in my bulleted list. I am aware of this, and I do not care. If you care enough, please go find the DD related to it, and change your opinion. But really, can one attribute all of this to mere coincidence? The odds of that are not improbable, they are impossible. There is something bigger going on here, and apes are going to shake the banana tree until it breaks. + +Apes will not sell, and apes will not be manipulated. Retail investors are smarter than we have been given credit for, and the house of cards is getting ready to crumble. When this is all said and done, I will be weary of any investing done in the American market until a more transparent system is implemented. I think big changes are coming, and that if I do invest again after this, I will manage my own portfolio. I have learned so much from this saga, and to be honest, it makes me sick. We have been robbed blind for years, for a measly 7% yearly return with the hope to one day be able to retire and live off $2500 a month. Fuck that. The time of the ape is here. This will build generational wealth, and no other opportunity will ever present itself like this again. + +Peace out, and tendies for all.✌ +The twins put a vast amount of their wealth Into bitcoin early on and continue to live the bitcoin lifestyle while supporting bitcoin on multiple outlets. I wish they had more recognition and coinbase could use better competition. + +https://gemini.com +https://bloom.bg/2s6KSUw + + +He gon go to jail(probably get away with house arrest). + +>Sarah Hassan, 27, who gave Shkreli $300,000 to invest, said she got an email at 8:13 p.m. on Sept. 9, 2012, saying she was up $135,000, a return of 45 percent. At 8:44 p.m., Shkreli sent out a second email notifying Hassan and other investors he was shutting the fund down. + +Oh, and a personal fav: + +>Shkreli claimed MSMB Capital had about $40 million of assets under management in early 2011 when Hassan made her investment. In reality, the fund had about $700 in December 2010, according to prosecutors.  + + +Can the Mods Make an argument with why she’s essential to the sub or remove her. Keeping her without some kind of statement to the sub other then “we voted her in” seems like a majority of the mods could be compromised. + +Most of us like Pink…. + +Anyway REGARDLESS Buy, Hodl, buckleup![ + +Edit 1: I’m not sure if we’ll get an answer from our Mod team. Something I’ve observed is that POWER CORRUPTS. Few get a hold of it and willingly let it go, rather they want more and more. I don’t get a good feeling from the way this has been handled. Pink unanimously getting silenced honestly is a bad look. Other mods are keeping silent in fear of also getting the axe? If all it takes to compromise Red is some nudes then Kenny G is going to have an easy time spreading FUD when he really needs to. I’m for free speech on this sub as long as it’s not spreading FUD which she wasn’t. I personally want to hear what she has to say and if you do as well she can be found running https://www.reddit.com/r/GMEJungle/ +I’d like to see trust in the mod team restored and another large migration prevented. We have a lot of good stuff here on R/Superstonks. +I’ve been dealing with a lot of house selling stuff today and haven’t had a chance to respond to everyone. Just got under contract so hopefully will be dumping 30k+ into some more of the one true play. Can’t stop, won’t stop, GameStop. + +Edit 2: is their a downvote tracker I can add to this? I’m surprised at the amount of people on this Sub in favor of a shill Mod. +Now, I’m as smooth as apes come, I don’t have any fundamental reason as to why he is, imo, trying so hard to draw attention to himself. + +It is my belief that this POS is trying to retain apes on some kind of witch hunt with him being a target and while I appreciate one or two posts about what this joke of analyst said on an interview, his recent screenshots blatantly saying “hate the GameStop” is what gave it away. This guy’s a mere distraction, and he’s been saying this $10 price bullsh*t since February. + +Let us not be distracted by such a shameful tactic. He and Coke-Addict Cramer can go f*ck themselves. Moving on! + +TLDR Hedgies r fuk, fuk MSM, buy & hold. +My husband earns significantly more than I do and is about 5 years away from achieving FI. He is very adamant about splitting expenses 50/50 (we live below our means) and keeping his portion of our joint investment earnings separate from mine. When I asked how I should feel about this in r/relationships I was basically told that it's inconceivable for a married couple to not have joint finances and that he's selfish. He says it is so that he can RE and know he is still contributing financially to our lifestyle, which I understand. I'm curious how people here handle their finances if they are in a domestic partnership. + +Editing to clarify: I'm a happily self-employed creative entrepreneur with no desire to retire. My husband wants to retire early to join me in creative pursuits + +Edit #2: wow I wasn't expecting all of these responses, thanks for your input, it gives me lots to think about! I feel like some more details may have helped since lots of you seem to have an issue with the 50/50 split (but frankly, I forgot how unique our situation is). While my husband makes more money, I *choose* to make less in some ways because I choose my own hours. And while sometimes that means I work 60 hour weeks, sometimes that means I work part-time for three months. And since we have both lived below our means to this point (i.e. our household expenses are currently under $2500/mo and we both make 6 figures), the 50/50 worked out fine. We just bought a house in an HCOL area so things will be a little tighter, so an open discussion will need to be had. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Update for: https://www.reddit.com/r/personalfinance/comments/5u7hod/father_used_my_ssn_to_sign_up_for_utilities_and/ + +So I posted this a while back looking for advice and got a bunch of great advice from the community here. =) + +Just wanted to post an update on what I did and how I got it resolved. + +Firstly, after getting my credit report and noticing the fraudulent debts, putting 2 and 2 together to realize it was my father who utilized my name and SSN to open these accounts with various utility companies and never paid, and then posting here for advice, I decided to dispute all of the debts with TransUnion. + +The dispute process was simple enough. Just basically had to select from a list of reasons so I selected something along the lines of "No knowledge of this debt" or "Debt doesn't belong to me". Something like that. + +After about 2 weeks, I received an e-mail from TransUnion stating my credit was updated. Opened up the link and saw that all but one of the debts was removed. The only one remaining, while still not mine, was "verified" as belonging to me somehow. So, I called up my father, had a chat with him about what he did, and worked out a payment plan he could afford. Called up the debt collectors, told them it wasn't my debt but they didn't care. Told them I want it off my report so I'm willing to pay but not the full amount. Ended up negotiating a 50+% discount on the amount. The full amount was $873 but is now $400 at $40/mo. Then, with authorization from my father, I had the debt transferred to his name and he's now responsible for paying the debt collectors directly. + +My credit score went from 562 to 733 today. + +So, moral of the story: Don't just report your parents for fraud. Dispute the debts, provide evidence if you can (I had to mail in some disputes), and try and work out a reasonable payment plan with your parents and the debt collectors. Most importantly, have the payment responsibility transferred to them. Both you and your parents have to authorize that with the debt collectors. + +Thanks again to everyone who sent me advice on the matter! =) + +Edit: Thank you to everyone who's commented! I know some people don't understand why I didn't just report him for fraud. Simply, I like my dad. I want to keep my relations with my dad in good standing. He's a good guy who didn't understand how credit worked and how bad he messed mine up. I talked with him over the phone and explained everything for him so he could understand it. Though he was on the verge of homelessness when he did it, he was devastated when he realized how big of an impact what he did had. He just beat lung cancer after having half a lung removed so he has a lot of medical bills to pay but we figured out a payment plan he could afford for the 1 remaining debt, which is now in his name; just waiting on the paperwork to be sent to both of us before he starts paying it. He has a good-paying job now working at a place he loves and his boss really likes him so he kept his job for him while he was in the hospital. He'll have no trouble paying it off now. + +Thanks again! =) +I was in a hurry and generally panic about my dog’s health (dog mom problems :p) and paid $300 last May for my dog’s regular vaccines from my usual vet.... his heart worm test was due this month so I finally decided to check out Petco’s Vetco . It was $39 for a heart worm test and three other tick-borne illnesses. + +For fun I checked the price of vaccinations and I could have saved over $200 last May if I just went to Petco. Their price for the vaccines my dog received last year is $69. They also do microchipping for $20. + +These are HUGE savings for a healthy pet!! ❤️ + +[Petco Vetco Link](https://www.vetcoclinics.com/services-and-clinics/vaccination-packages-and-prices/) +For people who have liquid funds as the debt component of their portfolio, are you still holding on to it ? (Returns are pretty low right now) + +If not, where have you moved to? +>Leading private sector lender ICICI Bank has now become the second most widely tracked stock in the world after e-commerce giant Alibaba. +> +>As many as 59 analysts covered ICICI Bank, and all of them had ‘buy’ ratings on the lender. On the other hand, 64 experts tracked Alibaba and 63 had ‘buy’ ratings on the stock, while one had a ‘hold’ call, ETNOW reported. + +[https://economictimes.indiatimes.com/markets/stocks/news/worlds-second-most-widely-tracked-stock-is-from-india-has-59-buys-calls/articleshow/77214363.cms](https://economictimes.indiatimes.com/markets/stocks/news/worlds-second-most-widely-tracked-stock-is-from-india-has-59-buys-calls/articleshow/77214363.cms) +I had an incident this week where i purchased a student house mid year and inherited the lease/students and the students asked me about garbage. I asked what they did with prior landlord and they didnt really have an answer, they just put garbage on the curb and some weeks it was picked up and some weeks it wasnt. In my town you either pay a garbage service or you have to buy a certain color bag that costs $5 per bag to use in order for garbage to be picked up. I offered to drop off bags for them and they said theyll just buy them. Then 2 days later a mom calls and asking why they have to pay for bags lol. I feel like its easier to just always loop the parents in. + +&#x200B; + +Anyone have experience with this? +Hello All, + + Just a question if anyone would be able to share there move or would give me any tips on what you all would do with a $10,000 in RSI. This sounds like a big number to me right now but I am sure one day I will have mustered up enough to get me to this point hopefully. Or Is $10,000 to little of a number to get going and would i have to save up more? I am interested in your guys is help and responses. + +(I apologize if someone has already posted a question similar to this) + +Thank you all in advance :) + [https://www.bls.gov/news.release/cpi.nr0.htm](https://www.bls.gov/news.release/cpi.nr0.htm) + + The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. + + Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase. These increases were partly offset by a 4.9-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The energy index fell 2.1 percent over the month as the gasoline index declined, but the natural gas and electricity indexes increased. + + The index for all items less food and energy rose 0.6 percent in September, as it did in August. The indexes for shelter, medical care, motor vehicle insurance, new vehicles, household furnishings and operations, and education were among those that increased over the month. There were some indexes that declined in September, including those for used cars and trucks, apparel, and communication. + + The all items index increased 8.2 percent for the 12 months ending September, a slightly smaller figure than the 8.3-percent increase for the period ending August. The all items less food and energy index rose 6.6 percent over the last 12 months. The energy index increased 19.8 percent for the 12 months ending September, a smaller increase than the 23.8-percent increase for the period ending August. The food index increased 11.2 percent over the last year. +hello everyone + +I've just acquired my first job, it's a 0 hour contract, £10 an hour, I'm also a uni student so it works for me since i can pick my shifts whenever I'm available. as it's a 0 hour contract i don't work a lot, i maybe make around £3-4,000 a year. + +i ask this question because my friends have worked here longer than me, and say their salaries are being taxed. another friend of mine told me that we are not supposed to be getting taxed because we make less than £12,000, and talked about some stuff regarding tax codes and stuff. honestly, i didn't really understand what he was talking about xD finance stuff is confusing to me rn. + +so, can anyone explain if my salary is supposed to be taxed? and if not, what should i do? +If you are not sure if your broker did a regular split or received shares via dividend and credited you with them, contact them directly. If they did not receive them via dividend, you are exposed to risk, as your broker does not physically own enough shares to cover those of its clients such as yourself. If your broker goes bankrupt and does not own the shares you supposedly own, you have no recourse outside of your countries’ laws and ability to fight gigantic financial corporations in court. + +You will eliminate this exposure by direct registering your shares, and pass that risk to your broker. Your broker, assuming this risk, should be rightfully pissed off. At the same time, direct registering your shares will cause immediate buying pressure. + +e: fixed a typo + Unlike the current popular post bashing Ethereum, this post will actually be based on fact and reality. + +The main thesis of this post being that Ethereum is amazing and will change the world (If I can't be idealistic on Reddit where can I be?) + +# Ethereum Is Highly Decentralized + +The initial token distributions for many popular chains can be found [here](https://medium.com/open-source-x/what-does-increased-insider-ownership-in-public-blockchains-mean-97f8e9e50368) + +What you'll see when you click the link is that, unlike the other post claims, Ethereum's token distribution is not only not centralized, it is among the most fair distributions in the history of crypto. + +Shoutout to Cardano, Cosmos, and Tezos here as well. + +Getting past token distribution there is the number of nodes that run the Ethereum blockchain. + +Currently there are about 2700 nodes helping to secure the Ethereum blockchain as well as about 200,000 validators ready to secure it when PoS goes live in 2022. Many of these validators will be run by exchanges or other companies, of course. The point is that anyone with 32 Eth can run a validator because the hardware requirements are low enough. + +Compare this to 120 for Algorand, 450 for Tezos(there are other nodes, but the bottleneck seems to be the nodes that write blocks), 1100 for Solana(even though other factors make Solana extremely centralized), and 21 for Binanace. + +Another valid critique to Ethereum's Decentralization could be its client diversity. Currently about 50% of nodes are running the same client. This could cause issues when it comes to bugs found in that client, but it is fairly trivial to switch clients should something go wrong. + +With all these factors(and more) taken into account, it is not up for debate that Ethereum is in the top tier of chains when it comes to Decentralization. + +"*Okay but the person said Proof Of Stake will centralize it!"* + +Unsurprisingly they are incorrect yet again. While it's valid to speculate that Proof of Stake could lead to token concentration (ie Coinbase running a ton of validators and offering staking services to users), it is incorrect to assume there are zero solutions in place to solve this. + +Literally this week [Rocketpool](https://www.ethernodes.org/) launched. Rocketpool is a Decentralized Eth staking platform that allows people with 16 Eth to run validator nodes with the help of others that want to stake less than 16 Eth. + +There's a reason very few new projects are launching as Proof of Work chains. + +&#x200B; + +# Ethereum Governance - Who's Really In Control? + +The original post implied that Ethereum was captured by a central authority that hands decisions and orders down as easily as they fart in the wind. + +Obviously this isn't true. Yes, the Ethereum Foundation exists and operates in pursuit of furthing the Ethereum ecosystem. No, it does not "head" the chain nor does it make any decisions. + +[Ethereum's governance happens off-chain in the social layer.](https://ethereum.org/en/governance/) + +The community(devs, thought-leaders, regular users, validators, node-runners) is what makes the decisions. The valid criticism here is that Devs have too heavy a role in what changes are accepted, because they know the most about how Ethereum works under the hood. To date this has not been an issue. + +&#x200B; + +# Ethereum's Design - EIP 1559 is good + +EIP-1559 does indeed make fees more stable. It was ***never meant to change how high fees were***. + +The increase in fees is due to the market heating up and NFTs taking off again right as it was implemented. It really is that simple. Amazing right? + +*"Okay, whatever, the guy was wrong. What about the damn gas fees? Surely that means Ethereum is broken."* + +Ethereum's gas fees are extremely high right now. They will remain high forever, on Layer 1. + +Ethereum(and Tezos) have chosen to scale via ***Layer 2.*** + +This means that very soon the average Ethereum user will never have to interact with layer 1 and will never have to pay extremely high gas fees. These projects are already live and dApps are being ported to them as we speak. I think they even hit a new ATH in total value locked this week! + +These layer 2s are much more scalable than any layer 1 solution out there (like Solana, BSC) and I believe they will eventually consume the other layer-1-only chains. + +&#x200B; + +To address the DAO hack: + +In June 2016, someone found a bug in a smart contract that allowed them to drain millions of dollars worth of Ethereum. The Eth community at the time got together and made the difficult decision to roll the chain back and rescue those stolen funds. The community was split on this decision and it resulted in a hard fork, thus the creation of Ethereum Classic. + +There is nobody serious in the Ethereum community that does not recognize the gravity of what took place there. Ethereum has since not had an incident anywhere close to that, and given how battle-tested it now is and how diverse the community is, I'm comfortable saying nothing like that can ever happen again. Building smart contract platforms is hard and they get more and more secure as time goes on, not less. + +&#x200B; + +TLDR: + +Original poster is severely underinformed due to too much exposure to maximalism. Ethereum is highly decentralized, highly secure, and highly scalable. +Hello everyone, + +I just landed two days ago, I am financing my own studies so trying to be careful with my spending + +At the moment, what seems to consume most is basically food and transportation + +Any tips ? + + +EDIT: Thank you all for all the advice provided! This gives a place to start +**More than 280,000 people have already lodged an ‘intent to claim’ a welfare payment at 2.30pm today**, the government services minister, **Stuart Robert**, has said. Source: The Guardian Coronavirus Blog. + +Based on the Australian labour force number of 11.7 million, a 280,000 person increase would move the unemployment rate from 5.2% to 7.6%. I had read predictions that this would go 10-15% unemployment, but such a rapid move to 7.6% is indicative of what is to come. + +*Edit: As has been pointed out in comments, the full 280,000 people may not be claiming unemployment benefits. Some may still be employed and simply claiming benefits they may be entitled to, so cannot directly translate the 280k number to unemployed. My bad, will look for better numbers.* +[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 ? +I’m not sure why I’ve seen a couple of posts about this as being a situation that somehow acceptable. I have to say in my opinion this is the last thing anyone on this board wants. A careful unwinding of these short positions over the course of years perpetuates culture and the way of doing business that has created status quo. + +That is absolutely not what I want. Whether or not I have a financial stake in this I want to see the complete destruction of the business model that allows this kind of destructive market behavior. +Fuck these guys, fuck this slow unwind bullshit, I want to see pain inflicted. I want to watch as the long short business model disappears forever, and I’m willing to watch my entire initial investment go to zero to see it. I have absolutely zero interest in watching the industry that has destroyed so many businesses and so many great ideas continue to get a free pass with this bad behavior. + +I don’t mean to rant, i’m sitting here with my barbecue reading posts and I got fired up. +A colleague of mine told me about some houses being built in a tropical country that is being sold before they are built (a community). They also rent it on your behalf if you choose, while you’re not visiting. + +I found it interesting and made me wonder if there was a more efficient way to find these opportunities. I remember someone commenting here they invested in a similar area but in a region for skiing. + +Anyone know of these opportunities or what to particularly search for? If you’ve purchased something similar, what are the pros and cons? TIA +“On the surface, it sounds like a good thing. But for plant owners like Paul Bubeck, of Lewright Meats in Eagle Grove, and thousands more like him, the new layer of testing will be cost prohibitive.” + +Discussion (not yet documented) is that the move is potentially motivated by large industrial food coporations to shut down the movement towards local foods and small farms taking away profits from big beef factories... + +Small farms and ranches are an important source of growing employment for regional areas that could be devastated by these new USDA rules. + +SOURCE: [Small meat plants feel threatened by USDA's new regs](http://www.farm-news.com/page/content.detail/id/501134/Small-meat-plants-feel-threatened-by-USDA-s-new-regs.html?nav=5005) + +EDIT: I am trying to find this impending legislation online and or a link to it, or a reference to it so I can read more about what these exact regulations are. +Rio had a great quarterly earnings report announcing a dividend hike to $10.40 per share including a special dividend. Thoughts on RIO?[Barron’s article ](https://www.barrons.com/amp/articles/rio-tinto-stock-price-dividend-51645608044) +I've recently started a sub-reddit at r/AusFoodPantry for Aussies to ask for/provide support for one another for issues relating to the current COVID pandemic. The primary purpose is to provide those in need with food and other essential items if they are unable to afford these due to loss of work/income. Please feel free to join the community and spread the word to others from Australia who may be in need or struggling. + +Thank you in advance, love and peace to you all x +https://www.youtube.com/watch?v=eA0Uy926ozY + +Never listen to this guy Kevin, he's delusional. Sam had access to all trades, liquidations, insider info, listings, pumps dumps. Got commissions, Got into project that gave him free tokens, printed billions out of thin air with FTT and somehow he found a way to make losing trades and have shit risk and scam all his investors and customers. + +And Kevin is sucking him off, wishing to work with him again? + +I've seen some stupid stuff this year but I literally was lmao at this. If you have anything invested in Kevin's company you should exit ASAP. + +He seemed so risk adverse in that stupid show but here he is showing not an ounce of risk management before, during, after this FTX thing. + +Just remember this idiocy the next time he shills you something on his show or interviews. + +Hopefully this is enough characters. This is comedy, I'm pretty sure. + +Don't forget how stupid Raul Pal is either (telling people how great Luna and Sol was). I can't wait to see Jonah Hill play SBF in the stupid documentary + +Just remember in 2024ish when guys pull the same playbook. +A year ago, MO came out with a new Index MF to allow investments into the US top 500(S&P 500), wanted to ask your opinions on what you think of it now that one year has passed? + +They have had 39.6% growth over last year owing to the fact that they invested when the market was at a historical low and since has risen alot. + +Obviously it's still a young fund, what do you guys think of it? Recently got into investing and have been considering investing into this one, my only other foreign investment is in PPFAS LTE (Parag Parikh) + +One disadvantage is obviously the 0.5% Expense ratio, which seems high for an Index fund, but still considering that US will look to grow, it makes sense to invest and hold onto it for long term? + +Thoughts? +Got mail from interactive broker today that they are waiving off the 10$ monthly fees. + +Only downside of IBKR was the monthly fees of 10$ charged when you are a buy and hold type of person and who has less than 100,000 $ total amount invested. Now they have let forgone that fees too making interactive brokers more competitive. + +Thoughts ? +Hey Superstonk! + +[DRS / Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/?utm_source=share&utm_medium=web2x&context=3) + +With the recent influx of NFT giveaway posts, we figured it was time to do a quick temperature check to gauge how everyone was feeling about having them featured on the sub. + +We know some of you love them, but we also know some of you feel that they don't belong here and prefer to keep the sub focused on stock related content. So, let's open up the conversation to discuss their place on Superstonk. + +Here are some potential solutions. Please discuss your thoughts on these or share your own! + +1. Keep everything the same and continue to feature NFT giveaways +2. Only allow NFT giveaways during off market hours (including premarket and after hours) **edit to be clear:** this also includes weekends & anytime the market is closed +3. Only allow NFT giveaways on the weekends +4. Keeping NFT giveaways to a mega thread and no longer allowing individual posts +5. Keep NFT giveaways off Superstonk entirely and move them to a different sub specifically for NFTs, marketplace, and non stock related GameStop content + +We'll keep this pinned until market open tomorrow. If it's determined that change is needed, we'll go ahead and introduce a poll at a later date so the community can vote on their preferred option. +Let's say you want to buy a house that is 745k and the deposit is 111k. You obviously need to save 111k but then there's also moving costs, furniture, and of course you want to have some savings left over. + +Not looking to buy a house I'm only 20 but I'm just curious because I don't know a lot about this topic. +The economic situation is incredibly tough right now, even on people doing moderately well (engineers, docs, lawyers). + +Markets are down 10-12 %. Crypto isnt doing so hot. International markets are also down + +But the cost of everything is getting worse and worse. + +I know gas can go up and down pretty flexibly but wages, food, cars, homes, pretty much everything is shooting through the roof. So while essentials climb, it feels like income streams/investments are falling + +When I look at yearly inflation charts, it seems like there really isnt any deflation except for <1% in 2008. + +Is this really the new normal for commodities? +Hey guys, +I've always had a strong work ethic. I haven't had a day off sick in 8+ years. The company I work for has given me great recognition and progression over the years. My investments are strong, my FI is exactly where I need it to be in a plan that has been in the making for nearly 5 years. I work really damn hard but what I get back in return feels like a cheat code to life. Sensible decisions and good income has me feeling really good about where I am. However, family have talked about burnout and their concerns surrounding it for years. I never listened, no such thing, I thought, just something that unmotivated people spout as an excuse to not have to work hard. I'm beginning to feel like I was wrong and I don't know what comes next. I am finding myself constantly tired but constantly wired. For a while now I've found myself questioning reality (if I go food shopping with my wife and we get separated I begin to wonder if she even ever existed, if I do anything out of routine I don't know if I've imagined it or if it's actually happened, crazy shit like that). No amount of sleep is enough. Here's the rub though, If I hold out another month or so I will hit the next peak in my career and start getting a true slice of the pie, if I hold out another 5 months my mortgage is paid off. I am so close but I'm starting to become concerned. + +I don't know what advice I'm really looking for to be honest, I've worked too hard to pump the brakes at the finish line but at the same time, I'm really starting to have a new understanding for the term burnout. + +Advice, criticism, whatever welcome. +Cheers +**Arithmetic vs Geometric Means** + +There is more than 1 way to calculate the mean. For the purpose of this post we will focus on 2 ways, arithmetic & geometric means. (Note - there are others, but not relevant to our return conversation). + +Arithmetic means “math dealing with addition, subtraction, division, and multiplication”. + +However, THE arithmetic mean is what you likely of when you think of an average. The arithmetic mean is when you sum up all the numbers in a set and divide by the count of numbers in a set. + +\-------- + +A geometric sequence is a series of numbers that each number gets multiplied by the previous numbers. (Hmm…numbers multiplied in a series…sounds almost like how stock returns are calculated period to period huh?) + +The geometric average is when you take the product of a set of ‘n’ numbers and then take the 1/nth root. + +**Simple Example:** + +To make a simple example, lets say that you look at your last 4 years of investing. In no particular order, you see returns of 10%, 15%, 20%, and -7%. + +Not bad, 3 good years and 1 bad year. + +What is your average return? + +If you take the arithmetic average you sum up 10% + 15% + 20% + (-7%) and divide by 4: + +[arithmetic avg](https://imgur.com/a/VFz59o8) + +If you take the geometric average you multiple (1 + return) for each year and then take it to the 1/4th power minus 1: + +[geometric avg](https://imgur.com/a/NvJ0zGY) + +Now this is where is gets to the important point. What is the actual return you would have over the last 4 years? IE - What is the correct answer? + +If you invested $100 four years ago and got a 10%, 15%, 20%, and -7% return over the 4 years, you would have: + +[return table](https://imgur.com/a/ZjwG21m) + +And the correct answer is the geometric average. The geometric average will give you the average return to use to get to the same ending value. + +You can check by taking the ending value of the actuals and seeing the annualized return and confirming it matches. (141.17 / 100 )\^(1/4) - 1 = 9% + +*\[Note - you can see how all the returns & portfolio growth formulas use the same multiplication as the geometric mean.\]* + +**Bad Math & Over Estimating Growth** + +If someone were to take the ‘average’ of the last 4 years of returns and tell you them, and then if you used the ‘average’ return to project out your future expected portfolio growth, you would get very different numbers depending on which average you used. + +Even in our simple example with only a 50bps difference in return results in a huge different ending value: + +[variation in returns (excel graph)](https://imgur.com/a/sEkeKf4) + +The easiest average to calculate is the arithmetic average. It is the one most people know. It is the one most people think of with average. And it is the one that gets used in these type of statements. + +If you use a higher arithmetic average, it is easier to imply some low dollar amount will grow to over $1 million dollars over a long-enough time frame. + +>**Remember, the arithmetic average will ALWAYS be larger than geometric average when looking at historical returns.** + +The graph above may look relatively close, but the ending values are \~$950,000 vs \~$1,130,000. You are getting almost 20% lower ending values from that 0.5% difference, nearly $200k. + +**Wrap-up: Arithmetic vs Geometric Mean** + +Using the arithmetic average when referencing prior returns should be a jailable offense, particularly if done in a way that over estimates the future portfolio growth. Even using a 4-year history, you can see how quickly arithmetic and geometric averages can start to differ. + +\-------- + +So, what's the point of this post? + +**Contributions Make The Actual Realized Average Return NOT The Geometric Average** + +Going back to the simple example above, assume over 4 years you get returns of +10%, +15%, +20%, and -7%. If you invested $100 today, it would grow to $141 after the 4 years. + +We showed that the arithmetic average of the 4 numbers is 9.5% but the actual return you received was the geometric average of 9.0%. Geometric averages are always lower for returns, 50 bps in this 4 year example. + +*Now it is time to take it a step further* + +If you were to contribute $100 at the beginning of every year, what would your ending value be? + +Plug the numbers in and $100 invested at the beginning of the year, grown at 9% for 4 years =$498. + +But also wrong. The actual answer is $454 to $551. + +Why the range? + +Because when you contribute money over time, the ***sequence of your returns matters.*** You can’t just look at the average return. Below in the 2 tables it shows the 2 paths to get to $454 or $551. (The ending portfolio value is highlighted in blue). + +If the asset price goes down 7% then goes up 10%, 15%, & 20% you get a higher ending value than if the asset price does the reverse (up 20%, 15%, 10%, then down 7%). + +[table](https://imgur.com/a/gbvC0F2) + +However if you look at the peach cells, you see that in both cases the ending price of the asset is the same $14.12. This aligns with the 9% average return over 4 years. *\[$10 \* (1.09\^4) = $14.16 which is off by a few pennies for rounding when calculating\]* + +If it isn’t clear from above, when the price goes down first, you are able to accumulate more shares with each contribution. Your initial purchase the price is $10 under both scenarios. When you make your 2nd contribution: + +* In the “down-then-up” scenario, the price of the asset has dropped to $9.30 and your $100 buys 10.75 shares, vs +* In the “up-then-down” scenario, the price jumped up 20% to $12, which means you only are able to buy 8.33 shares with $10. +* You were able to buy almost 30% more shares if the market goes down first. + +A similar story happens for your 3rd and 4th purchases. In the decrease then increase scenario, the prices are lower and you are able to buy more shares with each contribution. + +You end up with 39.03 shares vs 32.17 shares for the same $400 of contributions. Over 20% more shares are owned going into the last period. + +Then in the last year, you get a 20% growth on your larger share count in the “decrease-then-increase” scenario really driving a big pop. Whereas in the other scenario, right when your portfolio is the largest, it drops 7% leading to a big $ loss. + +**Result - Sequence of Returns Matters When Making Contributions** + +Both of these scenario have an ‘average’ return that is the same. A 9.5% arithmetic mean and a 9.0% geometric mean. + +But you wind up with 20% less value in this simple 4 year example just from the different order of your returns. This is when your average is not your average. + +Since each contribution is in for a different period of time and each contribution grows the portfolio, you have more $ contributed at the end than the beginning. To get the real average return, you need to weight each return by the money in the portfolio. + +The solution? + +**The Money Weighted Rate of Return:** + +This is simply an internal rate-of-return (IRR) calculation where each contribution you make & the ending portfolio value gets discounted back to time 0. You are solving for what rate makes it so all your discounted contributions = your discounted ending portfolio value. + +[formula](https://imgur.com/a/9xbBzPj) + +How does the MWRR work for our two 4-year scenarios above? + +[solution](https://imgur.com/a/UvzlbAT) + +All right, now we have one potential answer for the actual realized ‘average’ return. You can check the results to confirm it is accurate with our Future Value function and see that it matches: + +[FPV](https://imgur.com/a/kXdYUjY) + +We match. 13.2% is the actual realized return on all of our contributions in the decrease then increase scenario. We had the most money into the portfolio and then the last year saw a big 20% return. Since we had $400 of contribution in there that had grown 3 years already, the 20% return got the most ‘weight’ by portfolio size. + +While in the increase then decrease scenario our actual realized return is 5.1%. We only had a $100 contribution in when the bit 20% return hit, but had our biggest portfolio ‘weight’ to the -7% down year, which dragged down performance. + +\------ + +To bring this first circle, I decided to a theory from the start. $555 a month contributed at an average return of 9.5% for 30 years is over $1 million. + +I started with the SP500 Total Return (TR) index going as far back as I could get it (Feb 1988). + +* Total Return index INCLUDES dividends, so it is typically 1-3% better returns than the regular SP500 index. Regular SP500 index is a price index and ignores dividends. By choosing the TR index, we are giving the chance for the MOST growth. (ie-best chance our test shows $1,000,000). +* I took the 30 years of monthly returns for each 360-month period possible up to the present (6/15/2022). + * March 1, 1988 to Feb 28, 2018 is the first 30 year period + * April 1, 1988 to March 31, 2018 is the second 30 year period + * July 1, 1992 to June 15, 2022 is the last 30 year period (month not over, but included the month-to-date return) +* There is a total of 53 returns + * Note- I would love to have a longer history and more data, but this does a sufficient job of showing the potential difference in outcome even with only 53 possible periods +* The lowest Geometric average return across those 52 periods is 9.3%. Very close to the 9.5% return in the tweet listed at the start. + * $555 monthly contributions at an average of 9.3% for 30 yrs is $1,090,300 + * Note - The lowest arithmetic average of 30 years is over 10% + +**To Summarize:** + +“The lowest average return over a 30 year period since 1988 is 10.3%. If you contribute $555 a month at an average return of 10.3%, you would have $1.35 million in 30 years.” + +* Technically, the arithmetic average is 10.3%, so that is an ‘average’. And if you got a constant 10.3%, you would have $1.35 million in 30 years. Both statements are ***not*** false, although both are misleading. + +Enough build up…what does the actual historical numbers say? In our scenario with a 9.3% average (geometric) return, did we hit $1,000,000? + +Nope, only $838,736. + +You fell nearly 20% short of expectations + +[graph](https://imgur.com/a/oNTx4G2) + +If you look at the above chart, you can see that the worst scenario (blue) is very close to the best scenario (orange) till about year 27. Then there is a big divergence at the end. + +**Conclusions: Money-Weighted Rate Of Return Is The Average You’ve Been Looking For** + +The arithmetic average returns are 10.4% vs 12.1%… But these are obviously incorrect. + +The geometric average returns are 9.3% vs 10.9%. But that is misleading because you can’t use the geometric returns when you making contributions over time. + +The money-weighted returns are 8.5% vs 10.9% (coincidently). This is the real ‘average’ return your money made over the 30 year period. + +This is why my flippant response to the question of “what is the best advice for a lower income to have a successful retirement?”…Be born in the right year. + +The best scenario above is from 1/1/1992-12/31/2021. The worst scenario is 4/1/1990-3/31/2020. You have 2 people who do the exact same behavior (invest $555 a month for 30 years). One ends up with over $1,300,000 and gets almost an 11% money-weighted return. The other ends up with less than $900,000 and gets a 8.5% MWRR. + +A 50% difference in results based on being born 2 years later. +I see people talking about buying at the dip, which in a situation like this would be great in the regular stock market because I could easily throw all my positions into USD when shit goes nuts and then "buy the dip", however, when everything even BTC and ETH are dropping...how can you "buy the dip"? Aside from bringing in more USD or trying to day trade in a situation like this? + +As of right now I'll just hold. But I am curious what everyone else here is doing? +Does anyone see more money entering the market because of the bonuses? + +Source: +http://uk.businessinsider.com/wall-street-bonus-schedule-in-2018-2018-1 +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’m new to the world of personal finance and, recently, without much knowledge of investing, I opened a Trading 212 account, put some savings into some individual stocks and made a small profit. I’m now thinking of investing more seriously with larger sums of money so I want to make sure I know what I’m doing. + +I want to open a S&S ISA and move my money from the regular investing account into the S&S ISA. + +My question is, if Trading212, freetrade, etoro etc. are all free and are very easy to use and offer a lot of flexibility, why would one choose to pay for something like Hargeaves Lansdown or Charles Stanley Direct? Am I missing something? What’s the benefit? +Hey you amazing Apes! + +I'm here to bring you some info on our next venture. As some of you may know, we (Abante Productions) are the first to bring an NFT Series and a short film to the blockchain. We are now bringing you NFT Tickets for events. + +We partnered up with FanRoom Live, which is owned by a few people including Cedric the Entertainer. FanRoom Live is a virtual event series online, where Fans get to meet their favorite actors, comedians, athletes and musicians in a group town hall style meet and greet with Q&As. We will be offering NFT Tickets to future FanRoom Live Events. (In the past they have hosted people like, George Lopez, Sean Kanan, Ice T, and so many more.) + + +First event is with Scheana Shay and Brock Davies of Vanderpump Rules, an American reality television series, in which I personally created the 1/1 NFT Tickets. + +[GSMP Collection Link](https://nft.gamestop.com/collection/FanRoomLive_Scheana.and.Brock) + +&#x200B; + +[VIP Ticket No. 420420](https://reddit.com/link/z66lvj/video/ybzpza0lxi2a1/player) + +&#x200B; + +u/WhiteCollarBiker happened to find this and made a post here: [TicketMaster Shaking in their boots? Another Trial Run on GME's NFT Marketplace. Vanderpump doesn't Rule.... GME Does](https://www.reddit.com/r/Superstonk/comments/z62cve/ticketmaster_shaking_in_their_boots_another_trial/?utm_source=share&utm_medium=web2x&context=3) + +u/CachitoVolador makes a great point about TM and being contracted: [Comment](https://www.reddit.com/r/Superstonk/comments/z62cve/comment/ixz27rw/?utm_source=share&utm_medium=web2x&context=3) + +u/YurMotherWasAHamster comments about mass adoption needing to start from the bottom: [Comment](https://www.reddit.com/r/Superstonk/comments/z62cve/comment/ixz3bzc/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Our partnership with FanRoom Live is one we are very excited for (there will are some big names on the docket for future meet and greet events). Building the future takes times and starts somewhere, this community is a great example that shows just that. We have started building a way for the little guys in TV/Film to take control of their work and ideas. We are now starting to show that we can take back other things, like tickets to events without the middlemen who have the monopoly over it, starting with small events/venues with great hopes of growing it into something much larger (which we're currently working towards). + +&#x200B; + +If you haven't seen or heard about our NFT Series, Into the Veil, it's a paranormal mockumentary style comedy. + +&#x200B; + +[Into the Veil: Episode 3 'Mr. Crunklenuts' Trailer](https://reddit.com/link/z66lvj/video/ecb9gji8yi2a1/player) + +Desert Terror is our short film, a Sci-Fi adventure at the height of WWII in the N. African Desert... + +&#x200B; + +[Desert Terror Trailer](https://reddit.com/link/z66lvj/video/64aad5shyi2a1/player) + +We would absolutely **love** to have some Apes at the first NFT Ticket event, of course if you can and want to be part of it. As always, AMA. Thank you all for the love and support you give, not only to us but to each other. I love being part of this family. + +\- Lynn +Ur-Energy $URG is a mining company that engages in uranium mining and recovery operations, with activities including acquisition, exploration, development, and operation of uranium mineral properties. Almost 2m in volume, 151m market cap. Check out the latest Executive Order signed yesterday by the US GOV issued yesterday about promoting small **Nuclear reactors for national defense &amp; space exploration** [https://www.whitehouse.gov/presidential-actions/executive-order-promoting-small-modular-reactors-national-defense-space-exploration/?](https://www.whitehouse.gov/presidential-actions/executive-order-promoting-small-modular-reactors-national-defense-space-exploration/?utm_source=twitter) + +Here's the link to check stats on Finviz: + +[https://finviz.com/quote.ashx?t=URG&amp;amp;amp;amp;amp;amp;amp;amp;ty=c&amp;amp;amp;amp;amp;amp;amp;amp;p=d&amp;amp;amp;amp;amp;amp;amp;amp;b=1](https://finviz.com/quote.ashx?t=URG&amp;amp;amp;amp;amp;amp;amp;amp;ty=c&amp;amp;amp;amp;amp;amp;amp;amp;p=d&amp;amp;amp;amp;amp;amp;amp;amp;b=1) + +It is currently listed amongst the top 5 energy plays in these chosen criteria (sorted by lowest price/mkt cap/volume) +Forecasts have a median estimate of 19% increase from current price, the highest is 1.30$ + +Analysts coverage on CNN has 4 BUY 0 HOLD 0 SELL [https://money.cnn.com/quote/forecast/forecast.html?symb=URG](https://money.cnn.com/quote/forecast/forecast.html?symb=URG) + +Nuclear power backers hopeful Biden's climate focus will boost industry : [https://www.reuters.com/article/us-nuclearpower-energy/nuclear-power-backers-hopeful-bidens-climate-focus-will-boost-industry-idUSKBN29G2AY](https://www.reuters.com/article/us-nuclearpower-energy/nuclear-power-backers-hopeful-bidens-climate-focus-will-boost-industry-idUSKBN29G2AY) + +Directly from Joe Biden's website : [https://joebiden.com/clean-energy/](https://joebiden.com/clean-energy/) + +Added by the Global X Uranium ETF two weeks ago + BlackRock/Lazarus owning a percentage of the company [https://fintel.io/so/us/urg](https://fintel.io/so/us/urg) + +Good article on $URG [https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-](https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-states-best-interest/)[states-best-interest/](https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-states-best-interest/) + +https://kalkinemedia.com/au/blog/uranium-prices-are-up-whats-driving about Uranium prices going up + +I think I'll open up a position and see how it plays out for the next few weeks. Thursday Biden's trillion dollar plan will be revealed I guess, so everyone is expecting a boost in clean energy related stocks. Need some more info, if you guys find anything negative I'd like to know, the more we research the better. Hope this post was helpful, since $URG has never been mentioned before. update: CEO buying shares last month [Here](https://www.markets.co/h-c-wainwrights-take-on-this-canadian-energy-stock/288386/) + +⚠️ EDIT: For those accusing me in my DMs of being a liar about Biden’s plan, it’s everywhere in the news. If it’s not tomorrow it will be after the inauguration, if you didn’t take time to search on google take your time to read here. Thanks. + +https://www.cnbc.com/2021/01/12/infrastructure-lithium-etfs-to-benefit-from-biden-plans-global-x.html (yesterday’s article, $URG is into Global X Uranium ETF) + +https://www.reuters.com/article/usa-biden-economy/update-2-biden-to-unveil-trillions-in-pandemic-economic-relief-spending-next-week-idUSL1N2JJ2BL +Hello /r/algotrading, + +I recently signed up for Alpaca, the commission free trading API that launched in October. I signed up for this account because I saw it launched on Reddit and have always been interested in writing algorithms to trade for me. I am especially interested in using machine learning for optimization. I have never written a machine learning algorithm before, but for this I have researched using tensorflow. The only reason I chose this is because, like alpaca, it is python based. If anyone has any other suggestions I'm open to ideas. + +Here is the part where I start to show my ignorance in trading. After a bit of data crunching and research, I decided that I'm most interested in identifying 20 day trends and buying when the algorithm expects the price to rise within twenty days. I guess the main issue is that I'm not entirely sure how I can predict these trends with any form of accuracy. I've been thinking about using a 5 day sma, 20 day sma, MACD, and a stochastic oscillator in addition to some past net change percentage data(I'm not sure how much I should use). + +My question for you Quants out there is this: As an inexperienced trader, what indicators should I be watching in order to identify these trends? +Hello everyone. My University is closing all of its dorms on campus at spring break due to COVID 19 fears. My question is, my roommates and I have paid the university for the rooms for the entire semester, but they are kicking us out half way through. Are they legally required to refund us for the months we paid for but can't use now? Thanks in advance. + +Edit: this is an American University in Kansas if that changes anything + +Edit 2: Thank you all for the advice. At the moment I'm planning on sitting tight and waiting for the Uni to send out an offical statement before I do anything drastic, but everything you've all been saying has helped put my mind at ease, so thanks! +Apologies I've been a bit slow to publish the results from the [survey I did on UKPF in November](https://www.reddit.com/r/UKPersonalFinance/comments/jxmtk9/how_has_the_pandemic_affected_your_financial/). + +Thanks to all the 2,300+ of you who responded! It turns out.... + +* 64.2% have either 'increased their savings' or 'saved a substantial amount' +* main reasons for this are: 81.6% 'not socialising with friends & family' + 76.5% not going out for entertainment + 67.6% not commuting or using public transport + 60.8% not buying lunch at work +* 37.6% of respondents say they've used these extra savings to put money aside to buy a house +* yet only 32.9% feel optimistic about buying a property + only 8.4% feel now is a good time to buy + only 7% feel they have a wide range of mortgage options available to them +* 28.8% say the pandemic has made them want to buy a home with outdoor space + 29.5% want to buy a home with a spare room for an office + but only 8.6% feel like they want to move out of an urban location + +Nothing unexpected in there, but it's good to quantify the trends people and press were discussing anecdotally. + +I should apologise for not doing a great job structuring the questionnaire, as was made clear to me in the original post. If there's a next time, I'll make sure to do a better job. +First post, haven't seen this asked yet. + +Hello everyone, I am a 22 year old, I make like $24,000 a year in the military, and I want to have passive income in my 30s to cover at least some of my bills, and possibly live off of later on. + +HERE'S MY PLAN, TELL ME IF I'M SMART OR STUPID AND WHY. + +I keep throwing money into a Vangaurd US growth fund every paycheck. My thinking is, since index funds tend to grow faster than low risk dividends (which I plan on buying later) why not save up a lump sum until I get a disirable amount, pull that money from my index fund, and invest it in companies that are safe and will keep up with inflation, and start using that dividend return to enjoy life in my 30s, either working part time instead of full, or simply keeping a full time job and be able to take more trips and enjoy more activities. + +From there, I could always start another index fund for another 10 years or so and be able to retire very comfortably by repeating the process. I realize I could wait a good 20 years before I cash out and probably live off of passive income then, but I want to enjoy my younger life at the cost of bigger savings later on. + +Is it smart to use index funds and throw it all in dividend funds, or should I start investing everything into a dividend portfolio right now? + +If anyone would give some tips and help a young man out, I'd be very greatful, thank you! +After reading so many questions about flying privately in the months since Covid first hit, I reached out to the mods to ask if an eventual "FAT Guide to Flying Private" would be a well received post. In order to best serve the community, I wanted to make this post as a precursor to find out what questions the community really has about flying privately. + +&#x200B; + +I will try to curate the FAT Guide based on the comments below. I am a commercially rated pilot and manage a Fortune 100 corporate flight department, as well as fly my own aircraft for leisure and personal business. I've worked for the last 5 years in General Aviation - the term for civil aviation that does not include the airlines. + +&#x200B; + +All of that said, fire away! +I recently learnt from a couple of friends (long time US residents) that their umbrella insurance application was rejected because they owned properties in South Asia. They asked the insurance companies (AAA, StateFarm, Amica) to exclude the coverage related to foreign properties but they were still denied. They don't want to apply again but hide the foreign property ownership information as it could be treated insurance fraud. Any suggestions on how to go about it? +Assuming a lot of people shorted Infosys stock today. Why there wasn’t a price increase when everyone would buyback near the market end as shorting is only for intraday? aka a short squeeze +I got my very first credit card through them about a year ago. When I applied, I made it explicitly clear to the person in charge of the department that I wanted a card with no annual fee. + +The card they were offering normally had an annual fee, but they provided me with a pamphlet which explicitly stated that they were offering a lifetime annual fee waiver on that card. That was the only reason I took that card. + +However yesterday I saw there was apparently some money I owed the bank, even though I knew I had paid off all my expenses on that card within days of making those purchases. + +So I checked my statement and found that they had charged me the annual fee (plus GST)! I called up their customer care and told them about it, and they were indifferent. They kept parroting the same lines that every card had its own terms and conditions and that I had agreed to them when I signed up for the card. This despite my insistence that the bank had given me a paper with the fee waiver offer. + +The waiver didn't even have any conditions attached, like a minimum spending amount. + +They even knew I was a privileged banking customer, and across my family and businesses I have exorbitant sums (for my means) deposited with them. I did consider calling my relationship manager about this, but then I decided not to. The amount in question was trivial, and I just ended up asking them to cancel the card and I paid that sum. + +Now I don't think I will trust any bank which offers fee waivers on their cards. Fuck that. +It's really fascinating to see so many companies that have fallen sharply below their pre pandemic levels, despite having two years of growth behind them. + +Where the markets already overvalued in 2019? Or had the recent panic a big irrational overreaction? I would be interested to hear some opinions + +Off the top of my head, I can think of Facebook, Spotify, Roku, PayPal and maybe Netflix all examples of companies that have taken a round trip back to 2019. Any other names out there? +Have to get this off my chest: + +I bought 22 ETH @180 + +I was the biggest supporter, telling all my friends and family. When I would tell all of them, i always focused on the product, rather than the price. In conversations, i spoke of my unrealized gains to support my intrigue, not define I️t. Don’t get me wrong, seeing the price rise 280% was an unbelievable feeling. I practically lived in this sub for months. + +This was in May 2017. + +Then the summer crash happened. + +I watched the price go from $180 to $550 back to $180 in a week or two. I panicked, and sold during a “dead cat bounce” around $220. + +Why did I sell? I had weak hands. + +I trusted and believed in the tech. I saw the slow and expensive Bitcoin. I believed ETH would undertake mass migration, market cap growth, and notoriety. + +To those in the ETH community - enjoy the run. I will be rooting you all on. + + +https://fred.stlouisfed.org/series/BOGZ1FL193020005Q + +https://fred.stlouisfed.org/release/tables?rid=52&eid=810420#snid=810426 + +I feel this data fights the narrative of "nobody can afford rent, $5/gallon gas is killing the consumer and bleeding into the cost of everything else they buy (food)" + +Which is it? Does the consumer have an all-time-high balance sheet and can weather a storm without issue because they are flush with cash on hand (handed out/saving during the pandemic) or is the lower half of America struggling, suffering, barely hanging on, about to get laid off while the country stagnates? +This is the OG Only 1 Token, perfect timing to get in before we migrate to bigger and better things. + +NEW WEBSITE: + +[https://only1token.com/](https://only1token.com/) + +Over the last month Only1Token has has developed a strong community of people that realize this isn't just another flash in the pan on the BSC. The project launched a month ago and came out of the gates hot hitting an ATH of $11M in five days. But it wasn't long after that when the liquidity issues was noticed. And when I say liquidity issue I don't mean it was a rug pull, I mean there was an issue with the smart contract where it wasn't adding an adequate amount of the transaction fees to the LOCKED liquidity pool. + +So instead of walking away from the project like 99% of other devs would do; the O1T Dev looked at this as an opportunity to make something great, even greater. The team immediately went to work on the new contract and proposed a launch date of May 18th. And redesigned the website. And improved the branding. And made some partnerships with with other exciting projects on the BSC. And stayed extremely transparent with the community to keep a solid base of holders. + +The new token could be the one that all of the other new projects are copying and pasting. MIGRATION to V2 went extremely well today and the devs kicked ass. + +☝**Max Supply of 1** + +7% Transaction Fee + +* 4.9% rewarded to holders +* 1.9% added to trading liquidity +* 0.2% sent to Project Evolution Fund for Marketing / Future Improvements, this will be totally transparent and will allow us to market into the next stratosphere! + +[Staking added](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905) after V2 Migration!: + +>As mentioned above, over 25% of the supply of upgraded O1T will be given to the community in the form of LP staking rewards. Anyone who holds O1T will be able to go to the Liquidity section of PancakeSwap V2 and supply equal USD values of BNB and O1T in exchange for Liquidity Pool tokens (LP tokens). LP token holders receive a share of the built in PancakeSwap trading fees as well as a share of the 1.9% liquidity fee AND a share of the 4.9% reflect rewards. + +🐡**Partnership hasn't been announced yet but there is one coming.** + + +BRAND NEW CONTRACT: 0xBB994E80E2eDc45dCe9065bda73ADc7E9337b64F + +🔒Locked Liquidity on DX sale + +🥞**Pancake Swap** + +You need to use V2, 7% slippage. + + +📱Telegram: Only1Token + + +Marketing Plans after V2 Migration (from [Medium](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905)**):** + +Marketing O1T is a constant, ongoing effort and we aim to continually explore new ways to share O1T with the world. One of the longer and more sustainable methods of continually marketing O1T to other BSC communities will be with our portfolio tracker which we will resume development 'since we have completed the token upgrade. + +We hope everyone in the community is as excited as we are for the future of O1T as we make history together! It won‘t be long before everybody becomes aware that there’s Only 1 Token. + +As part of the Token Upgrade (also from [Medium](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905)**)**: +&#x200B; + +https://preview.redd.it/bvt3e8ee0h771.png?width=1426&format=png&auto=webp&s=85ae7e5ca65b1ea89a006560de23ecb92cf0253b + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $209.51 + +&#x200B; + +Open Price: $214.00 + +Daily High: $214.20 + +Daily Low: $198.50 + +Volume: 10.15 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +&#x200B; + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Russell 1000 + +&#x200B; + +Every year in May and June, the Russell Indexes release an updated list of the constituents for their various indexes, notably the Russell 2000 and Russell 1000. + +&#x200B; + +And today $GME qualifies to be added to the Russell 1000 Index. Which historically is a day in the stock market that sees the most volume action. + + + +I've seen a lot of discussion of whether this means that shorts will have to cover the ETFs they shorted that contained $GME. The answer, as far as I can tell, is no. Well.... not necessarily.... + +[u/dlauer](https://www.reddit.com/u/dlauer/) clarified that in this comment: + +"*There's not really any kind of short-covering requirement when a stock gets added to an index.* ***However, the announcement is usually bullish because it adds buying pressure.*** *Russell rebalancing day is the the CRAZIEST day in the stock market. Volatility and volume is usually the highest on that day, as stocks are added and removed from Russell indices, and weightings are changed. A bunch of ETFs follow Russell indices and need to rebalance their portfolios to reflect the new index composition in order to minimize tracking error. So getting added is a big deal, and leads to a lot of buying pressure from those ETFs (and from people trading ahead of that addition and trying to get the alpha between the announcement and rebalance dates).*" + +&#x200B; + +Also remember that we are not likely to see the resulting action in the stock volume (or price) until afterhours or Monday/next week. + +So don't get toooo hyped thinking that this will be some sort of catalyst by forcing shorts to cover. Yes, all shorts must cover eventually, but this is not that. Still cool af though! + +&#x200B; + +[Just a Reminder that Moving to the Russell 1000 means selling. Expect some downward movement before upward movement this after noon. Short explanation vid from 3 years ago](https://www.reddit.com/r/Superstonk/comments/o7oitk/just_a_reminder_that_moving_to_the_russell_1000/?utm_source=share&utm_medium=web2x&context=3)\- posted by u/613Flyer + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 005 and 002 are Primed and Ready for Liftoff + +&#x200B; + +[002 is in online](https://www.reddit.com/r/Superstonk/comments/o6xgso/002_is_officially_in_effect_published_on_federal/) + +[005 is approved](https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005_was_approved_last_night/) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Award Design Contest + +&#x200B; + +https://preview.redd.it/1zy1y1ssyg771.png?width=1000&format=png&auto=webp&s=f2b801ec093450db2db46e18686ddc0e629a4ef6 + +u/redchessqueen99 and u/bye_triangle have made their way through the 150 submissions we received for the community award design contest! They will be working through the weekend to get the brackets set up, and we will begin voting next week, so stay tuned! + +&#x200B; + +https://preview.redd.it/rrasn4kuyg771.png?width=1000&format=png&auto=webp&s=4d74845fdf4e95bf4bf61ad462abeb3ea447d4fa + +I would share some with you here but that would ruin the surprise! Trust me, these are **GOOD**!! + +&#x200B; + +https://preview.redd.it/6r8enacwyg771.png?width=1000&format=png&auto=webp&s=134772aaed464693df8e65b296bdce596f241900 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Monkey Business + +&#x200B; + +Yesterday u/sharkbaitlol was an absolute pro at hosting another fun episode of Monkey Business on the Superstonk Live YouTube channel! We talked about RRPs, Ryan Cohen Tweets, Gamestop's ATM offering, and more. And right now I want to give an extra shout out and thank you to our guests! + +u/buttfarm69 , u/broccaaa , u/draygon_media , u/tearsaresweat , u/roodboy22 were all wonderful and insightful (👀 *buttfarm*) and we look forward to welcoming you back in the future, as well as more apes from the community! + +[**Link to yesterday's Monkey Business**](https://youtu.be/52JbzEuYb8A) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight + +&#x200B; + +* u/zedinstead's[Superstonk Guide](https://www.reddit.com/r/Superstonk/comments/o7mmwm/i_wonder_what_regularly_scheduled_programs_are_on/) + +https://preview.redd.it/hsnfqd8aug771.png?width=640&format=png&auto=webp&s=c9081ea0f39ba4e57d93fbb7da067ff8f2c22381 + +* u/ClearEye2428's Stonker Deck Trading Cards are another awesomely creative idea and I can't wait to see more! + +I could link them all here but it's probably best to visit their profile! [Link](https://www.reddit.com/user/ClearEye2428/posts/) + +&#x200B; + +&#x200B; + +* [Dark Pools, Price Discovery and Short Selling/Marking](https://www.reddit.com/r/Superstonk/comments/o70lid/dark_pools_price_discovery_and_short/) by u/DLauer + +> *Recently, and since I've joined this sub-reddit, there have been a ton of questions around the role that Dark Pools play in US equity market structure. I wanted to put together a post to clarify some things about how they operate, what they do, and what they cannot do.* + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Note from your friendly local Pink Cat ✌❤🐈🦄🚀 + +I've seen lots of confusion on where to go if/when reddit goes down, which has been happening a lot more lately. While we do have an "emergency broadcast system" in place, I encourage you to remember, that pretty much everyone in Superstonk is a long term investor, and my personal mantra is just Buy and HODL. I love the company and will probably sit on my shares for far longer than Citadel is a standing business. I like the stock. + +&#x200B; + +But I digress... no, we aren't meeting at Gangnam Style. Apparently that originated with the movie crowd and that's not our video to claim anyway. All the mods twitters are listed below, and the YouTube channel has a lot of content to hang out in the comments. Just wanted to clear up any confusion! + +&#x200B; + +[ u\/thechaoschicken ](https://preview.redd.it/yjw1hs510h771.png?width=525&format=png&auto=webp&s=554ae7d442ca152ddd06954015116cddaeb2e443) + +NOW DROP THOSE FLAIR REQUESTS IN THE COMMENTS!! 👇👇👇👇 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +[ u\/DReck417 ](https://preview.redd.it/j4w2aod40h771.png?width=998&format=png&auto=webp&s=9c6b4b3d1e9f073f21eb3dbc1cd4cc6992b7764a) + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/0m5s4cxj0h771.png?width=1600&format=png&auto=webp&s=0f751b3143e0b4ba6b3d83967f7e16cbd224a226 +I figured this might make an interesting top-level discussion, and given all the recent drama about too few posts, well, *be the change you want to see* and all that. + +I'm positing that this is a valuable discussion topic because I've seen confusion on this sub about how Social Security works and whether or not you should even consider it in your FIRE plans. Given that many people here plan on retiring early, I think it's helpful to understand the eligibility requirements and mechanisms of the program. + +**Disclaimer**: There are many contexts I'm not considering here, like teachers who pay into a pension system instead of Social Security. I'm writing this from the perspective of someone in the private sector in the US for their whole career. I'm not covering non-US citizens who have paid into Social Security or US citizens who worked abroad. Finally, I am not an expert, I'm just an internet stranger who has read a bit about the program. If I got something wrong, please correct me in the comments, we're all striving for a more perfect understanding. + +# What is Social Security? + +It's officially called **Old-Age, Survivors, and Disability Insurance**. For the purposes of this discussion, I'll focus on the old-age part. It is **not** a retirement vehicle where your individual contributions are placed for your later withdrawal, rather it functions more like a [QLAC (qualified longevity annuity contract)](https://en.wikipedia.org/wiki/Longevity_insurance), but with a strong tilt toward social safety net. It was officially signed into law in 1935 with an aim of reducing poverty among the elderly. + +From recent [CBPP research](https://www.cbpp.org/research/social-security/social-security-keeps-22-million-americans-out-of-poverty-a-state-by-state) on Social Security and poverty: + +> Without Social Security, the poverty rate for those aged 65 and over would meet or exceed 40 percent in one-third of states; with Social Security, it is less than 10 percent in two-thirds of states. + +Alternatively an [excerpt from the PGPF](https://www.pgpf.org/blog/2018/09/what-effect-does-social-security-have-on-poverty): + +> Social Security drastically reduced poverty for the elderly. Without income from Social Security, two thirds of the elderly would be considered poor. Social Security reduced the poverty rate to 16 percent in 2008. + + +# How are benefits determined? + +### Credits + +To be eligible for Social Security you need a minimum of 40 "credits". As of 2020 you earn a credit for every $1,410 with a maximum of 4 credits per year. So if you make at least $5,640 / year (in today's dollars) for ten years then you're eligible. In keeping with the spirit of the program there's a low barrier to qualify for the most basic level of benefits. + +### Averaged Indexed Monthly Earnings (AIME) + +Social Security keeps track of your eligible annual earnings. When calculating your benefits, they will count your top 35 years. If you've worked less than 35 years, you've got zeros counting against you. Past years earnings are adjusted for inflation by using multiplier values which the SSA [maintains a list](https://www.ssa.gov/OACT/ProgData/retirebenefit1.html) of. + +Your AIME is then calculated by taking the adjusted total of those highest 35 years of earnings, dividing by 35, and then dividing by 12. + +So if your total indexed earnings were $1,000,000 as of today, your AIME would be: +$1,000,000 / 35 / 12 = $2,380 + +### Income caps + +Social Security places a cap on how much of your annual earnings count towards your AIME, in 2020 this cap is $137,700. It doesn't matter if you earn more, this is maximum value that will go into your earnings history for the year. That may sound unfair at first brush, but past this point you also stop paying Social Security taxes on income. + +### Primary Insurance Amount (PIA) + +Now we get to the part people really care about, your AIME is translated into a PIA through a formula. PIA is what your monthly payment would be at full retirement age. + +How does this formula work? You can read it from the source [here](https://www.ssa.gov/oact/cola/piaformula.html). The short of it is that there are two bend points in the PIA curve, you can think of it as three brackets where each bracket gives you a worse return than its predecessor. + +For AIME <= $960, you get 90% income replacement + +For AIME > $960 and <= $5,785 you get 32% income replacement + +For AIME > $5,785 you get 15% income replacement + +--- + +This is where the social safety net behavior becomes most apparent, it's easy to qualify for the first $864 in monthly social security benefits since you get 90 cents on the dollar, but progressing beyond this is much slower going as you pass the first bend point and slower still when you hit the second bend point. + +--- + +Let's run an example, carrying over our $2,380 AIME from earlier: + +$960 * .9 = $864 + +$1,420 * .32 = $454 + +$0 * .15 = $0 + += $1,318 + +This mean Social Security would pay you $1,318 a month at 67. There's a whole different calculation for starting benefits earlier or later which decreases or increases your payments, but I'll leave that for another discussion. + +# RIP Social Security + +### Isn't Social Security running out of money? + +I hear this a lot. Invariably when Social Security comes up in the daily thread you'll see some people say they don't even count it because they don't think it'll be around when they retire. It's true that Social Security is paying out more money than it takes in but this is a [recent development](https://www.ssa.gov/policy/docs/ssb/v75n1/v75n1p1.html). Over the last few decades the program actually ran an overall surplus which went into a trust fund and was [invested into treasury securities](https://www.cbpp.org/research/social-security/policy-basics-understanding-the-social-security-trust-funds). That trust fund has $2.9 trillion dollars. + +You'll see [people say that Social Security went into a deficit in 2010](https://www.heritage.org/social-security/heritage-explains/the-state-social-security), which is true on a taxes in vs benefits out basis, but that ignores the interest income that Social Security receives from its invested trust fund assets. Up until 2020 or 2021, that interest income has been enough to make up the shortfall. Unfortunately this means Social Security is now starting to eat its nest egg. + +Under current projections, the trust fund has enough money to [allow full payouts until 2034](https://www.ssa.gov/OACT/TRSUM/index.html). But what about after that, game over? + +Not quite, if the trust fund is fully depleted, Social Security will only be able to pay out in benefits what it receives in taxes. As of right now, that's projected to be about 77 cents on the dollar. What that means is, if nothing else happens between now and trust fund depletion, you'll take a 23% haircut on your projected benefits. That's not great, but it's a far cry from the whole system imploding. + +### No, seriously, I heard Social Security was going to explode + +Every so often someone will write a [scary story](https://www.cnbc.com/2016/08/08/social-securitys-looming-32-trillion-shortfall.html) with obscenely large numbers. These are almost invariably based on the infinite horizon projections in the annual [Social Security trustees report](https://www.ssa.gov/OACT/TR/2019/). + +The infinite horizon projection takes the 75 year projection and extends it into infinity. If this sounds like it might not produce sane numbers, [many actuaries agree with you](https://www.actuary.org/content/actuarial-perspective-2018-social-security-trustees-report-0): + +> The infinite horizon projections project all annual balances beyond 75 years assuming that the current law, demographic assumptions, and economic trends from the 75-year projection continue indefinitely; in practice, this is highly problematic. Projections over an infinite time period have an extremely high degree of uncertainty. Troublesome inconsistencies can arise among demographic and program-specific assumptions. By assuming that longevity keeps increasing forever while retirement ages remain static, for example, the infinite time period forecast will eventually result in an extremely long period of retirement. + +# What's FIRE got to do with it? + +That was all interesting, but what are the takeaways for someone interested in FIRE? + +### Make sure you're eligible + +First and foremost, get those 40 credits! Unless you strike it very rich early on, it's a good hedge to make sure you're eligible for at least the basic levels of Social Security benefits. You're hopefully looking at a long retirement and these payments may help considerably twenty or thirty years down the line. + +### Max out the first segment of the PIA curve + +If you work for at least ten years and make >= $40k / year, you'll both qualify for Social Security benefits and fill up the first (and most generous) part of the PIA curve. For most people here it'll probably just happen as a matter of course. + +### Be realistic about Social Security + +It's extremely conservative to entirely exclude Social Security from your plans. Pricing in a haircut seems prudent. Even if political action is taken to shore up finances, it may have the same net effect to a well-off FIRE person (i.e. heavier taxation of benefits, means testing, etc). I'd be wary of simply taking the stated monthly benefits you see now at face value if your benefits are more than 10 years out. + +### A couple of naive strategies + +Here are two different ways I've thought of Social Security over the years in my plans. I'm not presenting these as recommendations or fully formed plans, but providing them as an example. + +##### Safe withdrawal rate + +Goal: Boost your starting SWR by accounting for your eventual Social Security benefits + +ERN has an [interesting write-up](https://earlyretirementnow.com/2017/07/19/the-ultimate-guide-to-safe-withdrawal-rates-part-17-social-security/) that discusses accounting for Social Security cash flows when planning your safe withdrawal rate. Admittedly he does not think it changes much for very early retirees, but depending on when you retire and what your expected benefits are, Social Security can have a non-trivial impact on your SWR. + +##### Longevity insurance + +Goal: Guard against an unexpectedly long life + +In this scenario you're mostly planning on your own funds to see you through your early retirement, and you want to maximize the cash flow from Social Security in the event that you somehow live to 90 or beyond. In this case you'd want to defer your benefits as long as possible (70 years old) to increase the monthly benefit. The downside to this approach is that if you don't live that long (say you keel over at 75), you've made a sub optimal choice with regard to total payout. In the context of insurance though, this is could be a fair trade-off. A QLAC or deferred annuity is a more straightforward proposition for such hedging but for most people Social Security is mandatory anyway. + +### Be aware of your progress + +You can check on your current credits, AIME and PIA by plugging your numbers into [https://ssa.tools/](https://ssa.tools/). I've got no connection with this page, I just think its a nifty tool. You can get your numbers by signing into your [ssa.gov account](https://www.ssa.gov/). + +**Note**: If you're just signing up for an ssa.gov account, be aware that they need to pull your credit information from Equifax to verify your identity, so if you've frozen your credit with Equifax, you'll actually have to do a temporary lift before applying. Yes, everything about that last sentence is ridiculous. + +From their [account creation page](https://www.ssa.gov/myaccount/create.html): + +> If you have a security freeze, fraud alert, or both on your credit report, you can still open a my Social Security account by temporarily lifting it. + +### Spousal benefits + +Another fun tip is that if you're married and your partner has a much lower income and / or becomes a stay at home parent, you can look into [spousal benefits](https://www.ssa.gov/planners/retire/applying6.html). This lets your partner receive a monthly benefit equal to 50% of your own regardless of their work record. Obviously you'd want to crunch the numbers to see if your partner is eligible for a larger benefit based on their own earnings history. + +### Retiring abroad + +Retiring abroad is a common theme amongst a certain segment of the FIRE population. + +SSA provides a [full page](https://www.ssa.gov/international/payments.html) of information regarding receiving payments while outside the US. The short answer is that if you're a US citizen who is eligible for benefits, you should be able to get your payments regardless of where you live, so long as that where isn't North Korea or Cuba. They even provide a [guided questionnaire](https://www.ssa.gov/international/payments_outsideUS.html) to help you determine if payments will work in your specific situation. + +# Conclusion + +At the end of the day, Social Security is a safety net more than it is a retirement mechanism. Its goal is to help cash strapped seniors make ends meet, not support a great or even good retirement on its own. For many people here, however, it represents a non-trivial cash flow on the back end of their retirement and it shouldn't be dismissed lightly. + +Don't assume Social Security will look or pay the same 30 years from now. On the flip side there would be objectively bad outcomes for a significant portion of the elderly population if it went belly up. I could be wrong, but I don't think eliminating Social Security would be a popular political agenda. + +That's about as long a wall of text as I am willing to write, and probably longer than most people are willing to read. For those of you that did read it through, I hope it helped. +Hey guys. Looking for some advice. So, I grew up in a somewhat poor family. Everyone in my family dropped out in or before high school. My dad does manual labor and even though he makes decent money nowadays he is still terrible with money. Mid 50s with no savings or retirement so basic money management was never taught to me so I can’t go to them because they think saving $5k is impossible and makes you rich. + +So I’m currently 20, joining the army. I’ll be making around $1500-2000 a month. I’ll be picking a good mos that will translate fine into the civilian life if I choose to get out after 4 years. I’m going to try to save at least $800 a month. + +I don’t know if I should do 20 years as enlisted and retire at 40, OR get out after 4 years, use gi bill for college and get a great job, OR get a degree and re-enlist as an officer and retire at around 44-48 with a much higher pension. + +I’m kinda leaning towards 3rd option but military life can be hard and I may go with 4 years instead. +Hi UKPF 🙂. Been a member of the sub for a while, so first just want to say thanks for all the great tips I’ve been picking up. Very grateful. Now on to my old man, who’s problems have only just become apparent to me. + +He’s in a lot of debt, some on credit cards and the rest is a mortgage that comes full term in 6 years. He needs to act, and doesn’t know where to start. + +Details: +£40k credit card debt across two cards. Both currently interest free, but the promotional period expires early 2020, then big interest will apply. He is not confident of shifting to a new interest free card, and plus this just defers the issue. Which isn’t great. + +£250k outstanding on his mortgage, which will be due in 6 years. He’s been paying only the interest for the past 19 years 🤦‍♀️ . Rate is 0.75% above base. Property now valued at substantially more than that. + +He can earn around £40k per year but works as a builder/carpenter, so has been slowing down a lot as it takes its toll on the body. Reckons he can keep going for max another 5 years. + +Where should he start with this? He recently got a quote for a loan to pay off the CC debt. However the terms and fees seem crazy, and ultimately he’s just deferring the problem so doesn’t seem like a good idea. He’s also considered taking equity out of the property, but at 65 isn’t sure he’ll get approved, and again, it doesn’t really seem like a solution. + +Thanks again everyone, really appreciate any advice 🙂👍 +Hope this doesn't violate a rule, such is life. + +Obviously you were drunk when you bought the ticket because that's not a sound financial decision. Or someone bought it for you. Whatever. + +I've seen this before which describes what to do when you win the lottery in the USA. Good advice in general but this is AUS so things are different. + +https://np.reddit.com/r/personalfinance/comments/24xe6f/xpost_askreddit_blakeclass_explains_what_to_do_in/ + +What would be done good advice for someone in Australia if this were to happen? + +From my calculations, $17mil would be enough to ensure someone and their partner can have a steady $100k/year for 75 years (with 2% raise each year to adjust for inflation) - what would you do with the other $43mil? (Besides blackjack and hookers) +New rewards proposal for stakers from V. Personally I think it's more favorable to stake with these returns. I expect around 10 million to be staked initially. It would be 0.5% inflation at 10 million and 1% at 30 million. [(credit Econoar)](https://twitter.com/econoar/status/1119663109361192960). + +The rationale according to Justin Drake: + +>Below's my rationalisation as to why the numbers are reasonable. +> +>Targeting 2\^25 ETH at stake (\~32m ETH) for the long term feels about right for strong security. In such conditions, the base inflation would be \~1% and the base return \~%3.2%. Assuming each shard consumes on average 1,000 ETH in gas per year (about 100x less than what Eth1 consumes today), with half of the gas burnt, then inflation would be \~0.5% and the validator return \~5%. Feels healthy! +> +>If we get significantly less than 2\^25 ETH at stake then doubling the base inflation wouldn't be unreasonable :) + +&#x200B; + +|**ETH validating**| **Max annual issuance**|**Max annual return rate**| +|:-|:-|:-| +|1,000,000|181,019|18.10%| +|3,000,000|313,534|10.45%| +|10,000,000|572,433|5.72%| +|30,000,000|991,483|3.30%| +|100,000,000|1,810,193|1.81%| +|134,217,728|2,097,152|1.56%| + +[https://github.com/ethereum/eth2.0-specs/pull/971](https://github.com/ethereum/eth2.0-specs/pull/971) +Interesting post I found on discord regarding the high gas on the Ethereum Network.. +EDUCATIONAL: +Hey @everyone, we know gas prices are astoundingly high today. Let's have a bit of an adventure and find out why shall we? +Today, 40% of the ethereum's network is being used by this contract +https://etherscan.io/address/0x98b4ca8bd52e4ed1f28d3f30d9f567d1166c9483 +A beautiful and innovative copy-paste of a default ERC20 standard token called "IFishYunYu" with no features. (So it does nothing.) + +Yet miraculously, it seems tons of "unique" accounts are transferring massive volumes of this token constantly, almost 50 ETH of gas an hour have been steadily used for nearly 24 hours now. Just to transfer individual tokens to the Fcoin exchange. But of course. The exchange is just a red herring to distract you from what's really happening. + +Let's see what the creator of this contract has been up to recently. +https://etherscan.io/tx/0xd0e334dca734071f395cad64df90269113ead321232e5603f66fc6fb2885c654 +Looks like he minted nearly 5 Billion Ifish tokens about 12 days ago... +to this account +0x45f64a7148d1cfeded427dd4380b458877e7ce56 +which split it up across +10 or so accounts, that each do this +https://etherscan.io/token/0x98b4ca8bd52e4ed1f28d3f30d9f567d1166c9483?a=0xcd4777b5f4d8779e99ea996bb32988daf0bbbf3b +splitting it up across 500-600 accounts each. + +Which are, the mystery "unique" accounts that are spamming the eth network. So yeah, it's one guy, it's the creator of the token. He was doing it during the previous Fcoin exchange competition too. He's running a multi-sided scheme, he even has bots running "wash" accounts. Like +https://etherscan.io/address/0xa67ef2aca4c6459e60821c1b1afe45812c4c1bcd#tokentxns +which is pretty cool, it just shoves the token into other accounts, and then those accounts shove it into other accounts, and then back to the big main account to simulate volume on the token itself. Try following a transaction, you'll come right back to the big-daddy account. +most importantly on why is this being done? +Let's see what one of the accounts funding all this eth might be doing +https://etherscan.io/token/0x86fa049857e0209aa7d9e616f7eb3b3b78ecfdb0?a=0x7a717e226a8b37b912d0effbb0aab24ab690dbdb +gee, that sure is a lot of crowdfunded EOS, hundreds of thousands to be exact. From an account that seems to receive large sums of eos and immediately market sell them for thousands of ETH, which is then distributed out to contracts like this. Contracts that have been pulling this kind of transaction attack consistently across the ETH network. + + + +*All credit to 'Justo#1300' on Discord. * +I have recently been introduced to the channel No Nonsense forex and I see it's pretty popular (almost 100k subs on YT). For people who watched all of his videos, followed everything he said, how successful were you? +I'm 19 and I've been playing with FX/Trading for the past 3 years. I only recently got really serious with it, dropping my hours in my career as a programmer down to just 2 days a week to focus on FX \(last time I got mocked for being 'just 19' and supposedly lying about being in a programming career, apparently everyone expects 19 YOs to be working standard retail jobs. Before the mocking comes again, I am not lying about my career, jesus.\) + +I'm currently trying out a strategy provided by my Signal Provider, however they release a lot of signals and I'm unable to execute every trade. My signal provider appears to return around 1k PIP in profit, per month \- or so their website says. I was a bit suspicious, so I've been following pretty much all of their trades and they're all tracked on their website and you can see that they aren't faking their stats. It's definitely not a scam, and the signals appear to be pretty accurate. They make about 1000 pips a month, and lose about 300 \- it definitely appears to be profitable. I'm still learning to be less emotional with my money \(recently lost £500 on a trade due to pure emotion and stupidity\). + +In order to eliminate my biggest flaws, I'm working on a 'robot' which essentially scrapes for new signals and then executes them as long as they fall within my strategy. This would allow me to execute the majority of my signal providers' trades, as well as remove any emotion from it. I'd fill the account up with money I don't particularly need, leave it to run and watch the results. + +This all seems too good to be true, but I can't see any flaws in the logic. I've used the Signals for the past few weeks, the stats of around 1k profit pips per month does not appear to be an over statement. My biggest flaws are emotion and panicking and trying to trade in the opposite direction \(to the one that was losing money\), just for it to bite me in the ass. If I automate the process using Selenium \(Python library\) on a spare PC, run it on a demo account and make sure the figures match up. Then I've found a money making machine!? Am I going insane. Opinions?? \(I'm expecting a lot of criticism, people saying "I wish it was that easy", but please try and explain anything I'm missing.\) + +EDIT: Only flaws I can see at the moment are if the signal provider ended business. Or if the 'robot' fucked up and executed incorrect trades \(this would be my fault for allowing the bug to exist, but I have to consider it\). +**EDIT:** Thank you all so much. I was hoping a couple people would see this and enjoy it. I am incredibly humbled and surprised by all the upvotes and awards. Thank you. + +Hey my fellow apes, + +I bought into GME high. I got into GME at 10 shares @ \~$300. On Friday Feb 5th, after market close, I decided I was just gonna call it a loss and close my position in GME the following Monday at market open. That Saturday, I drove 4 hours home and surprised my mom at my aunts house. + +My aunt put together a birthday dinner for my mom and I thought it would be a nice surprise for her to see her son on her b-day. It was a fun party. We ate, drank, and played games into the evening. At one point though, my aunt remembered something. + +She and her spouse moved her old ass couch out of her home to the dump the previous week. In the process of moving however, she found a wallet inside. + +https://preview.redd.it/bpoihfh7fol61.jpg?width=3024&format=pjpg&auto=webp&s=d95e6300998685c2deac982bd32fa2107d0b664f + +The wallet was my first wallet ever. It still had my 7th grade student ID card, locker combination, and class schedule inside. What really made my testies tingle though was the Gamestop Value card that was inside. + +https://preview.redd.it/9wl2va36fol61.jpg?width=4032&format=pjpg&auto=webp&s=16fe66b39e8491e7ac8cbe63976c5257158c487a + +Of all the times over the last 15 years that this wallet could have been found, it remained hidden until the very time I needed it most. If this wasn't a sign from God or w/e you do or don't believe in, I don't know what is. + +After coming across this card my paperhands solidified into solid fucking diamonds. I watched the price like a hawk and bought the dip. I'm in 20 shares at \~$190 now and I'M NOT FUCKIN LEAVIN. +Source: https://www.nytimes.com/2018/06/25/business/harley-davidson-us-eu-tariffs.html + +> Last week, the European Union imposed penalties on $3.2 billion worth of American products, many of which are produced in areas that form the heart of President Trump’s political base, in response to steel and aluminum tariffs added by the White House... +> +> Harley-Davidson said on Monday that European Union tariffs on its motorcycles had increased to 31 percent, from 6 percent. It estimated that the higher tariffs would add about $2,200 on average to every motorcycle exported from the United States to the bloc, so it said it would move the production of bikes bound for Europe outside the United States. +If you asked new investors, they'd probably all tell you the same thing, "value is dead" or "p/e doesnt matter anymore." The last few days have been a revelation for some. Chronically undervalued stocks like EBIX soared 42%. Go to your favorite stock screener, search low p/e, lower forward p/e, and low peg. They're almost all up by 8% since Monday. Some of us saw this coming. Elections have a long track record of doing wonders for value stocks, whose prices are deemed low compared with business prospects. For the last half century value stocks have crushed growth stocks in the 6 months after an election. If you decide to follow the trend, keep in mind you dont want a cheap stock for the sake of it being cheap. Look for lesser known value stocks with bright prospects like PRIM (or the aforementioned EBIX, before they blow up. Not saying PRIM will take off, it's just one of my personal favorite values). +I have defended this subreddit repeatedly in other subs, particularly r/economics, which sees this sub as its retarded little brother. I have found, over the past year or so, several great links and conversations in this sub, that have kept me engaged for a long time. + +But, seriously, guys, what the fuck is going on? + +[This post](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/) has comments so bad that they make me question my own sanity. I don't want to draw the inevitable r/politics comparison, especially since a lot of these comments aren't so much politicized as just plain stupid. From pot shot ad hominems to a clear misunderstanding of economics, finance, or general investing practices, it's a shitshow. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdghmp) we're told hedge funds aren't as useful as Wal-Mart because, I guess, Wal-Mart sells physical stuff. So, yeah, I guess Reddit (and Microsoft and Linux and fucking Adobe) are worthless because they don't sell physical stuff. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdlajd) we're urged to wonder whether the Federal Reserve has directly bailed out hedge funds. No evidence, just baiting. And for proof, the poster links to a Salon article about NAFTA. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdgb53) and [here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdkz0v) we're told how Krugman is a hypocrite for criticizing rich hedge fund managers because he makes $250k per year. ZOMG SO MUCH MONEY! Of course that's about 200x smaller than the sums Krugman is talking about (and his income is irrelevant, since he's pro-capitalist in any case), but he obviously makes more than these basement dwellers, so time to be snarky, amirite? + +For an added bonus, that second quote suggests that hedge fund managers deserve their money because at least they're being paid voluntarily, whereas teachers are being paid involuntarily through taxes. Beyond the mind-numbing stupidity of this is the irrelevance when discussing Krugman, who has worked at a private institution for years. + +Then we've got [this guy](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdgc01) insisting that monetary expansion is a de facto benefit to all hedge funds, which of course ignores the fact that hedge funds often bet against one another, some are hurt by monetary policy expansion, and others have directly lost millions betting that QE would impact the economy one way when it caused the opposite to happen. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdi23l) is some more snark that contributes nothing. [And some more](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdfy73). + +I'm not sure how to fix this sub, but I'd like there to be a discussion about cleaning the place up. This is getting ridiculous. +The quote is captured by CNBC [here](https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not-securities-but-some-cryptocurrencies-may-be-sec-official-says.html). One of the key points he makes is "If there is a centralized third party, along with purchasers with an expectation of a return, than [sic] it is likely a security, Hinman said." The key here of course being that Ether is decentralized. + +It is high time that the SEC clarified their stance publicly. Dancing around the issue was just frustrating everyone. + +No clarification was given for XRP, which is the subject of multiple lawsuits alleging that it is a security. +The most onerous tax that poorer people must pay is the payroll tax. This is a tax that no one can escape from and it has not been cut in a very long time. + +What Obama has done here is give incomes up to about $100K an additional 2% tax cut. Granted this is only for one year but, as we have seen, tax cuts once granted are hard to take away. + +Edit, adding a nice description from the AP: + +PAYROLL TAX + +The government takes 6.2 percent out of your paycheck, up to $106,800, for Social Security. That would drop to 4.2 percent in 2011, resulting in an immediate increase in take-home pay. + +If you make $50,000 a year you will pay $1,000 less. If you get paid twice a month, you will have an extra $41.67 in your paycheck starting in January. + +Anyone who makes more than $106,800 a year will receive the maximum savings of $2,136. +Hello, + +So basically my friend wants to transfer £30k to me every year as a gift. The money has/will been/be earned through legitimate means that he can prove, and he wants to give me £30k every year. He’s setup a company that has done really well and has received a lot of funding. + + +Essentially I helped him out a while back when he was suicidal and he said he wants to gift me the money because he’s ‘eternally grateful’ lol + +So my questions are: is it even possible for him to just transfer me £30k each year, and will I have to pay tax on this? Should I be speaking to an accountant? All the money will be coming from his own personal bank account. + +Sorry for the random nature of these questions; his announcement has stunned me quite a bit, and he’s adamant that I take the money. + +Thanks +Hello Theta Gang! First time poster here. + +I’m wanting to get my feet wet with selling options. I have done call credit and put credit spreads in the past but I am feeling to branch out a little bit more. + +I’m looking for decent but cheap stocks to sell my first put on. I have been looking on Ford as one option but it’s not super volatile so the premiums aren’t all that great. I would be comfortable with something in the $15 to $25 range. + +Any suggestions? Tips? Advice? +I've decided that I'm going to put a small amount of wealth to work next year by buying shares in 5 individual companies which I think have good prospects of success. This will only be a small part of my portfolio which is mostly invested in low-cost global trackers. The aim is to beat the MSCI World index in Sterling on a total return basis (price plus dividends), as well as to challenge my stock picking and company analysis skills. I'll be focusing on UK listed shares but may consider US or European companies as well. Anything further afield is probably too difficult to access and too difficult to track and monitor for me. + +Now to the hardest part which is picking the stocks themselves. I have three ideas which I've listed below with a short rationale for each one. As you'll see, there are no flashy growth stocks from me, but instead mature, stable business with proven business models and stable but increasing profits, cash flows, and dividends. I think these are the type of companies that will do well in a rising rate environment, and I'm confident that each of them has the potential to do well in the year ahead. + +All comments welcome on these three selections, as well as any other ideas from other investors on this sub! + + + +**National Grid** + +My first pick is a £38bn market cap giant in the defensive "utilities" sector. As owner and operator of the electricity transmission network in the UK and elsewhere (notably parts of New England and upstate New York), it provides critical infrastructure for which it earns its revenues ultimately from the electricity bills paid by you and I as consumers. The company seems to be in the news almost daily as we find ourselves in the midst of a European "energy crisis" which does mean there is political risk here (changing government regulations could affect their market and profitability). The other risk is around the level of debt and how this gets refinanced in the current environment (their gearing level is around 70%). But ultimately I see this as a company with reliable, long-term revenues which support modest growth in its regulated asset base (they suggest 6-8% growth per annum) accompanied by a similar level of growth in EPS and dividends. With a dividend yield of 5.7%, I reckon investors should be happy to be "paid to wait", while there is scope for modest price rises from the current PE of 13x. + +**IG Group** + +I predict further volatility in financial markets next year, and that can only be a good thing for this company which earns most of its revenues from online trading and investing platforms. I've been a user of their trading platform in the past and have been impressed by their technology and their customer service. They also completed the acquisition of US options trading platform "Tastyworks" in 2021, and I think the business will benefit from synergies between the platforms as they continue to integrate the two over the coming months. They are trading at a bargain PE multiple of around 8x, have a useful yield of 5.9%, and the announcement of their half year results on 25 January could be a catalyst for further momentum in the share price. + +**Phoenix Group** + +Another company in the financial sector for my final pick, but the business model here couldn't be more different to that of my previous selection. Whereas IG Group earns its revenues from traders holding positions for a few weeks or even data, Phoenix is a "long-term savings and retirement" business (they obviously think people get turned off by the word "pension"!). The roots of the business are in buying books of "heritage" life and pension policies from other insurers, as well as providing "bulk purchase annuities" which help big businesses de-risk final salary pension schemes offered to employees in the past. However, the business is expanding and now has a book of "open" policies (i.e. ones to which members and employers are still making contributions). They've also started advertising in the press with pictures of older ladies in brightly coloured clothes saying "we're not ready for twin sets and pearls... and retirement isn't ready for us", which demonstrates their ambition to grow as well as their attempt to differentiate themselves from the other providers in this market. They say they want to grow cash generation by 25% over the next three years, coming from a mixture of growth in existing policies, "management actions" and M&A, and this looks to be credible based on their progress over the past three years. That excess cash will ultimately translate into increases in the dividend, thus hopefully supporting share price growth over the medium term. Again, it's on a modest PE of 8x with an incredible (and well covered) yield of 8.7%. +With all the talk of bond yields increasing, I've started to look into investing in corporate bonds. + +I've come across this Bond issued by BAT (British American Tobacco) with a coupon of 6% a year, and maturity of 2034 (12 years from now). Currently the market price is £82 (HL spread is rather big on this bond setting the bid price at £85) but I've seen I can buy it on Interactive brokers at £82 (so sticking with this price for calculation purposes. + +I've worked it out to that over 12 years I'd receive a payment of £6 per year, with a final payment of the full coupon value of £100 on the 12th year. + +Overall I would achieve a return of 145% over 12 years, if the coupon payment is reinvested each time it was paid (assuming a 6% yield each year) - see full calcs below: + +&#x200B; + +|Price|£82.00|| +|:-|:-|:-| +|coupon %|6%|£6| +|Face value of bond|£100|| +|Current yield on market price:|7%|| +|Time to maturity|12 years|| +|||| +|Total Coupon Payments =|£72.00|| +|interest made on reinvestment of coupon payment (assumed 6%pa)|£29.22|| +|Face value profit paid at end of maturity|£18.00|| +|**TOTAL:**|**£119.22**|| +|||| +|Total yield|145.4%|| +|Annual yield =|12.1% pa|| +|||| + +Can anyone see any flaws in these calculations and any advice on doing this? currently the only downside is they go bust... + +link to bond: [https://www.hl.co.uk/shares/shares-search-results/b/b.a.t.-6-nt-redeem-24112034-gbp-50000](https://www.hl.co.uk/shares/shares-search-results/b/b.a.t.-6-nt-redeem-24112034-gbp-50000) + +I note that Hargreaves requires a minimum £50k investment for this, but this is fine. + +thanks! +The UK stock market could be in for a rough ride after the headline CPI print on Wednesday saw inflation top double-digits for the first time in 40 years. + +Bond yields shot higher as traders now appear to be preparing for further aggressive action from the BOE. This does raise serious concerns for the market’s mid-term direction, especially when combined with the central bank’s forecasts for sustained negative growth. + +The FTSE100 did manage to hold support near 7500 during yesterday’s declines, but profit-taking after its recent recovery could spark a retest of the index’s key 200-day MA, which has provided significant support, as well as acted as resistance, over the past year. If momentum swings back in favour of bears, a break of this important level could potentially expose the FTSE towards its June/July lows around 7000. + +Of course, all trading carries risk, and given the rebound in global sentiment, buyers could still step-in to support the market on a pullback to the 200-day line. + +Either way it will be interesting to see how the economic outlook evolves throughout the rest of the year, and what that means for equities. +See title ! + +I'm not asking whether I'm being unwise, I'm asking what options are available to me. + +Particularly asking what options would be sensible for my HL S&S ISA, as i manage this myself. Short term bonds (any examples?) ? Walmart ? Tesco ? ..Berkshire Hathaway ? + +Actions thus far; + +I've contacted my pension provider to discuss whether I can move my portfolio from "medium-high risk", with lots of exposure to equity, to a lower level of risk with more fixed income and cash. Still TBD whether this is feasible without incurring nasty fees. + +I have a Hargreaves Lansdown S&s ISA, and I have FANG, FTSE/S&P ETF's, and about 25% in some more speculative investments in a variety of sectors. I've also got a few grand in a cryptoish token that is a very speculative investment and one that I'm prepared to lose in it's entirety if I'm wrong. + +I want to de-risk my ISA, but I'm unsure what options I have. What bonds would you buy for say 6 months of being out of the market ? What makes a "recession-proof" listed equity option ? + +Frankly - I've never bought any fixed income instruments because I've never seen fit to de-risk in my lifetime. + +Thanks in advance. +Let's say I have $10,000 to invest. I have two online jobs that pay in USD, but I am from the UK and I have a Vanguard Stocks & Shares ISA. + +I want to invest in Vanguard FTSE Global All Caps Fund every month. However, first, I must exchange that USD into GBP. In other words, I am paid in USD into my TransferWise/Revolut/Payoneer account. I then have to exchange this into GBP at the current rate, before I can buy stocks through my Vanguard ISA. + +At the end of June, this £1 was equal to $0.82. This means that on $10,000, I would get £8200 in exchange. But on September 1st, this same $10,000 would only equate to £7400 (due to a weakening $0.74 dollar). + +How can I reduce the volatility of this personal exchange? What's the best way that I can counteract this problem? Can I "time it", or is there a more controlled/safer way to utilize this situation? + +I ultimately want to mitigate the personal currency exchange (since I am a UK Investor getting paid in USD). I also need to utilize the tax-benefits of a Stocks & Shares ISA, whilst not loosing so much in exchange rates. + +I'm very new to investing, so I'd appreciate your advice on this. I have discovered that I can invest in USD via an international broker, but this would incur a 15-30% capital gains tax when I withdraw that cash (a significant chunk!). Therefore I want to make the most of a tax-free wrapper (an ISA). + +What are some ways that I can utilize this situation to my advantage? My circumstances are: + +1. UK National with a Stocks & Shares ISA. +2. Two online incomes that pay USD. +3. My USD income has to be exchanged to GBP before I can invest it in a Stocks & Shares ISA (at the current volatility of the market exchange rate between USD and GBP). + +P.S: I have no more than £20,000 to invest per year. And I do not have sufficient funds in both currencies to weather the storm (i.e. waiting/hoping for the exchange rates to improve in my favor). + +Thank you so much for your help and advice. I sincerely appreciate all of your support on this new investment journey! + +Cheers, +Pete +I’m 27, no idea when I’ll retire (if ever). Currently my very small SIPP is in Vanguard ESG Developed World All Cap Equity. I’d like to switch for environmental reasons, and don’t mind that means a slightly lower amount of growth. VT Gravis Clean Energy looks good but I’m not particularly clued up on what makes for a good SIPP investment so any advice would be much appreciated. + +EDIT: Thank you for all the comments so far, very useful! +💫 $FMS FAIRMOONSHOT! 💫 [https://www.fairmoonshots.xyz](https://www.fairmoonshots.xyz/) + +Currently finishing up presale dump phase. + +How many of you have been scammed by fake projects and rug pulls? Unfortunately we have suffered the same fate too. For this reason, we created FairMoonShots, a genuine project where we assure you we will never rug pull. This is a community project where we can have fun and enjoy the atmosphere. Let's be honest, we are all in it to make money but the best is made by holding and having a project you can trust and will work hard to earn its place in the cryptosphere. There are no team coins or wallets, we first want to make sure our investors feel safe using our token. We will use funds from the remaining liquidity for marketing and promotion. Since it is our first project we really have high expectations and we aim for the moon. $FMS both reflection and liquidity which is a combination of RFI+LIQ that charges a tax of 6% which is split between automated yield for all users at 4% and automated liquidity growth at 2%. + +$FMS both reflection and liquidity which is a combination of RFI+LIQ that charges a tax of 6% which is split between automated yield for all users at 4% and automated liquidity growth at 2%. No dev/team wallet. What else can I say? 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Goodluck. +As the year comes to an end, I want to thank the Ethereum foundation, Vitalik and the countless developers for their daily effort to make all of this happen. + +I’m truly humbled that I “own” a piece of this world changing project and that I’m an early participant and part of it. + +When I look back to the beginning of 2017 it feels like a distant past not just mere months. +And it was one hell of a ride. + +I’m looking forward to 2018 with all of you and I’m thankful for everything ETH has already given me. + +Let’s not be greedy and chase Pumps&Dumps, let's find our own moon /r/ethtrader! + + It’s not always about Lambos or Teslas, if ETH can make you debt free, make a downpayment to your dreamhouse or pay for college, that’s when you found your personal moon! + +*skYY7* + +Folks, it's dismaying to see the level of misunderstanding about how to use credit cards. This is hardly a secret here in /r/personalfinance, but every day people still ask questions that imply they don't understand how to use their credit card effectively. + +**Always pay your statement balance in full, every month, without exception.** This is how you turn a miserable 24.99% APR card into a 0% APR card, for free and for no hassle. The [*Statement Balance*](http://i.imgur.com/w1qUN3u.png) is the amount you need to pay by the *statement due date* in order to avoid charges on interest. As you get closer to the end of the billing cycle you may notice that pending charges haven't posted to your account balance yet. Don't worry about those - the only transactions that matter as far as interest goes are the ones included in your Statement Balance. + +* The [Minimum Balance](http://i.imgur.com/yMonKKO.png) is the amount you need to pay to avoid a late payment, but paying only this amount will result in interest being charged. + +* The [Current Balance](http://i.imgur.com/IWSdP1r.png) is the amount of all the charges that have posted to your account since the beginning of the billing period and when you pay your bill. Some of the charges included in the Current Balance may be for purchases made after the previous billing cycle ended. + +If you are planning on using your credit card the correct way, APR is not a concern for you. If you aren't going to use it correctly, and carry a balance past your statement due date, you should seriously reconsider using a credit card for purchasing things. + +Here is a good example of how to use a credit card: + +* Smart Sue has a 24% APR credit card with a billing cycle from August 01 - September 01. + +* During the month of August she rings up $1000 of charges on her card. Her statement for August is issued on September 02, and the statement balance of $1000 has a statement due date of October 02. + +* Smart Sue used her card strictly for things she could afford, so she can pay the full $1000 due immediately. + +* She makes the $1000 the day after her statement is issued, well before the statement due date. Her statement balance is $0, and she avoids interest for the Aug/Sept billing cycle. + +Here is a bad example of how to use a credit card + +* Debtor Dan has a 24% APR credit card with a billing cycle from August 01 - September 01. + +* During the month of August he rings up $1000 of charges on his card. His statement for August is issued on September 02, and the statement balance of $1000 has a statement due date of October 02. + +* Debtor Dan didn't use his card strictly for things he could afford, so he can only pay $500 by October 02. + +* He pays the $500 he can afford on October 01. On October 02, the remaining $500 is assessed interest in the amount of (24% / 12) * $500 = $510. The unpaid $500 in addition to $10 of interest remain on his statement balance for the next billing cycle. + +Don't fall into the habit of carrying credit card debt. It can destroy your finances very quickly and, unlike payday loans (that even those who take one out seem to realize they're a bad idea), credit card debt is not treated with the degree of caution it needs to be treated with. +Shares of Peloton Interactive PTON were halted midday Thursday after a report said the exercise-equipment maker was temporarily pausing production of its fitness products, including its popular bike and treadmill because of slumping demand. + +Citing confidential internal documents, CNBC reports that the company is reducing its forecast for demand and cutting production, as it aims to control costs. + +Shares of Peloton were down around 22% on Thursday and have been halted twice during the session, following the report. + +https://www.marketwatch.com/story/pelotons-stock-plunges-20-following-report-it-will-pause-production-of-bikes-treadmills-11642702222?mod=mw_quote_news +http://www.bloomberg.com/news/articles/2016-03-16/-2-billion-loss-for-generators-as-a-million-u-s-roofs-get-solar + +US retail electricity market is about $388 B/year. Nationwide, the market fell 1.3%, about $5B. This article's $2B number focuses on the east cost. +June 3 RC Tweets: + +&#x200B; + +https://preview.redd.it/5xq2lmuk1cg81.png?width=525&format=png&auto=webp&s=a390fab62fe3342c8695a9e3966d429436a351fe + +An emoji Skull and Sears. + +What is a skull? How about a MEMENTO MORI: + +&#x200B; + +https://preview.redd.it/9rgza86w1cg81.png?width=406&format=png&auto=webp&s=1c53cdc6182f8418d93ecbc44ce012222ce3f8ca + +So what does MEMENTO and SEARS get you? + +How about this SOLID GOLD letter from Family Fund MEMENTO to the board of SEARS calling on them to defend the stock from rampant naked short selling: [https://www.prnewswire.com/news-releases/memento-delivers-open-letter-to-sears-holdings-board-300568216.html](https://www.prnewswire.com/news-releases/memento-delivers-open-letter-to-sears-holdings-board-300568216.html) + +Credit to u/throwawaylurker012 for posting the letter. You can read his analysis and other info in his thread here: [https://www.reddit.com/r/Superstonk/comments/smd7op/in\_2017\_months\_before\_its\_bankruptcy\_sears\_got\_a/](https://www.reddit.com/r/Superstonk/comments/smd7op/in_2017_months_before_its_bankruptcy_sears_got_a/) +My (f) partner (m) and I have been together 15+ years and are very stable. We currently pay 60% of our wages into our joint account which all bills and shared expenses including holidays and eating out etc. We started doing this when we both worked part time, working almost an identical number of hours. I earn more than him but it seemed a fair way to split things and we have both been happy with the arrangement. + +I have just got a new job and it will be full time - I was wondering if anyone else splits finances differently depending on the number of hours worked. We're not sure yet what we will do and options include continuing to put 60% into the joint account or I put in 60% of the same number of hours he works. I am also not keen on doing much/any housework as the job is far away and will be intense, so we could get a cleaner (he is not keen) or he could clean and I (or the joint account?) could pay him a bit to do the additional stuff I will not be doing? + +Any ideas gratefully received! + +&#x200B; + +Edited to add that he knows about the post and we're trying to figure our way through this together +After reading a number of these posts this morning, I felt the need to chime in. + +I've personally known many very wealthy people in my life - Some that made their money all at once, some over time, quite a few that inherited it. The way they made their money range from either being business owners, investors, or just plain luck. + +First off, even if you have $10 million, guess what, you can burn through that very damn fast. So get it out of your head that if you got a major windfall from BTC that magically your done for life. Cashflow is actually way more important than anything when it comes to wealth. Even a number of poorly placed financial decisions can evaporate a great deal of wealth. + +I know, off the top of my head, 2 different couples that both burned through a lot of money, one $10 million, other $8.5 million - one did it in less than 7 years. One couple got divorced over the money. Today, one spouse now working as a bank teller and the other as an insurance agent. They've told me they still find it hard to believe they had so much money and that now they're doing a job that pays $50k/yr. + +I know another person that's worth over $100 million, he says that he envy's the workers in his office with modest means. His wife cares only about the money and his kids are the same way. Holidays and family gatherings he spends alone. + +Are all rich and/or wealthy people this way? No, but I will say, the money will not fix your personal problems or just all of a sudden make you and those around you happier. Why do you think many rich and wealthy continue working and earning? Because it's boring as shit to sit around all day. + +You know what I think is more important than money? Health, purpose, meaningful relationships and just doing good for yourself and your family. It'd be great to taste the sweet rich life that we're told we should want, but life is so much more than that. + +Money does not define who you are. If you don't have regrets in life then you've been sleeping the whole time. Learn to get over it quickly. Don't underestimate yourself and push yourself in life. You may just wake up and find you have the wealth you desired, with the skills necessary to retain it. + +Some more reasonable advice: + +https://www.youtube.com/watch?v=sTJ7AzBIJoI + + +Something I've been thinking about lately is whether my "dream job" is worth the trade off in long-term financial stability, and whether I should make the switch to something more lucrative while I'm young enough to take risks. + +&#x200B; + +&#x200B; + +Posting this because a comment on a different discussion about side gigs that basically said "there's more to life than money" was really interesting and I think this is a theme that comes up among people chasing financial independence. + +&#x200B; + +&#x200B; + +I really love my job and think I'll have a long and interesting career if I work hard and never give up on self improvement. When I go on holidays I sometimes actually miss work... I know I'm very lucky to be in this situation. + +&#x200B; + +&#x200B; + +BUT my job is very unstable, stressful, prone to budget cuts, and also generally pays less than other jobs with similar levels of stress and technical skill required. The most my salary will ever be over my lifetime is maybe $90k. Which IS a lot of money - but grinding away for decades in other fields would earn more faster. + +&#x200B; + +&#x200B; + +I'm good at saving so I'll be able to afford a house eventually and go on holidays... but to save for these things I currently live with housemates, keep driving my rundown 20-year-old car, and don't splurge on things. And I will likely be living this way into my early 30s. If I switched into a different industry I could earn more faster and finally get my own place (a dream!) and not feel guilty about splurging on luxuries. It is something I am seriously considering, especially as I'd like to start a family before I'm 40 and not worrying about job security would be nice. + +&#x200B; + +&#x200B; + +BUT again... at a dinner party recently a stranger said "you must really love your job - your entire face lights up when you talk about it". I can't imagine many other industries that would make my entire face light up! And sometimes I think that feeling is, ultimately, priceless. + +&#x200B; + +&#x200B; + +How do you - personally - find that balance? Are you lucky to be in a career that is both lucrative AND fulfilling? Did you stop pursuing your dream job for a better income? Or did you decide you would be happy with $XX,XXX income and make peace with things like, for example, having a rundown car or not being able to buy property as soon as you'd like? How do you balance your financial goals with your personal/artistic ones? +The JobKeeper Payment is a temporary scheme open to businesses impacted by the Coronavirus.   The JobKeeper Payment will also be available to the self-employed. + +The JobKeeper Payment will support employers to maintain their connection to their employees, enabling businesses to reactivate operations quickly once the crisis is over. + +To take advantage of this latest commitment from the Australian government to counter the economic fallout,[ **please click on ATO web site to register.** ](https://www.ato.gov.au/general/gen/JobKeeper-payment/) + +&#x200B; + + At a glance + +* $1,500/fortnight job keeper payment +* Applies to full time, part time and  casuals who have been working for a business greater than 12 months +* Payments will flow to employers through the tax system from the  first week of May and backdated +* If staff have been stood down they are still eligible +* To qualify business turnover reduced by 30% or more (or 50% if >$1B) +* Must be employed as at 1 March 2020 +* If you have applied for Job seeker you can transition across +* No superannuation guarantee payable on the payment + + + +#### How it works + +The Government will provide $1,500 per fortnight per employee for up to 6 months. + +Employers (including non-for-profits) will be eligible for the subsidy if: + +* Their business has a turnover of less than $1 billion, AND their turnover will be reduced by more than 30% relative to a comparable period a year ago (of at least a month); OR +* Their business has a turnover of $1 billion or more, AND their turnover will be reduced by more than 50% relative to a comparable period a year ago (of at least a month); AND +* The business is not subject to the Major Bank Levy. + +Employers must elect to participate in the scheme.  To do this, an application can be made to the Australian Taxation Office (ATO), together with supporting information demonstrating a downturn in their business.  At the same time, employers must report the number of eligible employees employed by a business on a monthly basis. + +Eligible employers will receive the payment for each eligible employee that was on their books on 1 March 2020 and continues to be engaged by that employer – including full-time, part-time, long-term casuals (who have been with their employer for at least the previous 12 months as at 1 March 2020) and stood down employees.  To be eligible, the employee must be – + +* An Australian citizen; +* A permanent visa holder; +* A protected special category visa holder; +* A non-protected special category visa holder who has been residing continually in Australia for 10 years or more; or +* A special category (Subclass 444) visa holder. + +Eligible employers who have stood down their employees before the commencement of this scheme will be able to participate.  Employees that are re-engaged by a business that was their employer on 1 March 2020 will also be eligible. + +***Important*** – where an employee is accessing alternate support through Services Australia because they have been stood down or had their hours reduced, and the employer will be eligible for the JobKeeper Payment, it is the employee’s responsibility to advise Services Australia of their change of circumstances. + + + +### What if I have multiple employers? + +Only one employer will be eligible to receive the payment.  The employee will need to notify their primary employer + +### Self-employed individuals + +Self-employed individuals will be eligible to receive the JobKeeper Payment where they have suffered or expect to suffer a 30% decline in turnover relative to a comparable period a year ago (of at least a month). + +### The payment + +Eligible employers will be paid $1,500 per fortnight per eligible employee.  This payment must be passed on to eligible employees. + +Where employers participate in the scheme, their employees will receive this payment as follows – + +* Employee ordinarily receives $1,500 or more in income per fortnight (before tax), they will continue to receive their regular income according to their prevailing workplace arrangements. The JobKeeper Payment will assist their employer to continue operating by subsidising all or part of the income of the employee. +* Employee ordinarily receives less than $1,500 in income per fortnight (before tax), their employer must pay their employee, at a minimum, $1,500 per fortnight (before tax). +* Employee has been stood down, their employer must pay their employee, at a minimum, $1,500 per fortnight (before tax). +* Employee was employed on 1 March 2020, but subsequently ceased employment with their employer, and then has been re-engaged by the same eligible employer, the employee will receive, at a minimum, $1,500 per fortnight (before tax). + +It is at the employer’s discretion as to whether they pay superannuation on any additional wage because of the JobKeeper Payment. + +Payments will be made to the Employer monthly in arrears by the ATO. + +The subsidy commences on 30 March 2020, with the first payment to be received by the first week of May 2020. + + + +#### Examples of how it will work + +### Self-employed + +Melissa is a sole trader running a florist.  She does not have employees.  Melissa’s business has been in operation for several years.  The economic downturn due to the Coronavirus has adversely affected Melissa’s business, and she expects that her business turnover will fall by more than 30% compared to a typical month in 2019. + +Melissa will be able to apply for the JobKeeper Payment and would receive $1,500 per fortnight (before tax) paid on a monthly basis. + +### Worker with multiple jobs + +Michelle currently works two permanent part-time jobs, at an art gallery during weekdays, and at the local café on the weekend.  Due to the impact of Coronavirus, the gallery has closed and Michelle has been stood down without pay under the Fair Work Act.  Michelle continues to work at the café delivering take-away orders. + +Michelle can only receive the JobKeeper Payment once, from the employer from whom she nominates as her primary employer.  As Michelle only claims the tax free threshold from her job at the art gallery, this will be treated as her nomination of the art gallery as her primary employer. + +The art gallery is eligible for the JobKeeper Payment.  The art gallery will pass the JobKeeper Payment on to Michelle, so she will receive $1,500 per fortnight (before tax).  During the application process, the art gallery will notify the ATO that Michelle receives the payment from them.  The art gallery is also required to advise Michelle that she has been nominated to the ATO as an eligible employee to receive the payment. + +The café is not eligible to receive the JobKeeper payment for Michelle.  The income that Michelle receives from her job at the café does not change her entitlement to the JobKeeper Payment she receives from the art gallery. + +### Employee made redundant after 1 March + +Miles worked as a permanent part-time personal trainer at a gym for 6 months and was made redundant on 20 March 2020 in response to the Government directive that gyms close.  Miles was not entitled to a redundancy pay due to his length of service. + +In response to the announcement of the JobKeeper Payment, the gym decides they want to re-engage Miles so they are well placed to resume their operations once the Coronavirus restrictions are lifted. + +After being made redundant, Miles had registered an intent to claim with Services Australia for access to the JobSeeker Payment and the Coronavirus Supplement.  Miles is single, no children and in total he would be eligible to receive $1,124.50 (before tax) per fortnight. + +If Miles chooses to be re-hired by the gym, under the JobKeeper Payment he will receive $1,500 a fortnight (before tax) while he is stood down.  Miles will need to advise Services Australia of his income.  He is no longer eligible for the JobSeeker Payment and the Coronavirus Supplement as a result of receiving the JobKeeper Payment. + +### Employer with 5 employees who all currently get paid more than $1,500 per fortnight + +Sara runs a landscaping company, and employs 5 full-time gardeners.  Sara is paying her employees $1,700 per fortnight (before tax).  She expects her turnover will decline by more than 30% over the coming months and that she will either need to lay staff off, or reduce their wages significantly. + +As a result of the JobKeeper Payment, Sara will be able to keep employing every gardener, and only needs to pay the $200 wage cost per fortnight (before tax) per employee above the $1,500 per fortnight (before tax) JobKeeper Payment. +The first issue is that it was a terrible thing to do. I work like a dog for my employer, work many hours of unpaid o/t, and was told the amount of my bonus in October (as usual). The bonus is standard in my industry. My job has very few perks. I was shocked, especially when I heard the "can't afford it" line. I have access to all the financials and this was our best year ever. My boss took a personal bonus of 50K later that day. I am the only one who knows this. Clearly I can't share this with anyone. + +Last week, after the news, my boss took us to lunch at a diner and spent the entire time arguing on the phone with their s/o about their new furniture. They purchased their s/o a Mercedes a few months ago. They are also taking a trip to Barcelona in March and have just completely renovated their home. + +Yes, my boss can do whatever they want with their money, but this is one of the shittiest things they have ever done. I'll let you count on your bonus for almost 3 months, tell you 15 minutes before you are supposed to get it that I can't afford it so too bad, walk right back into my office and cut myself a check for 50K, take you out for a $6.50 lunch and argue with my s/o about my new furniture the entire time and then bitch about how much harder I need you to work because I have a lot of things coming up. WTF? + +I need to say something. I do not want to let this slide. I worked hard for that bonus. I know I work for an asshole, but this is beyond the pale. I bought a house last year and don't want to walk. If I didn't have a mortgage, I would have got up and left, even after all these years. How do I handle this? + +Edited to add: I work for a law firm. Year end bonuses are standard. Unless your firm is going under (and we are not) it is basically unheard of to not give out bonuses. So yes, a bonus is expected. + +I also don't want to "tell off" my boss or "burn bridges". I am an older female with nearly 40 years in the industry, not a teenager. I simply want what I was promised and am looking for a new way to approach this. + +I work for someone who is #1 in the state in a certain area of litigation and have been here a long time. +I have watched a few of his videos and he mentioned that quite a lot of our theoretical outlook of economics is not supported by empirical evidence, I was just wondering how mainstream economists deal with his criticisms and whether his criticisms really have practical effects on the predictability of current models. + +Some of his key criticisms are: + +1. Empirical evidence points to the conclusion that supply curves should be pointing downwards as engineers build factories so that they get more efficient as a factory reaches capacity, so their is no diminishing marginal utility of labor when capital is fixed. +2. Equilibrium models should be replaced with models that study markets predominately at dis-equilibrium as the markets are never at equilibrium. +3. Rationality of economic agent's is a fiction and many consumers are very irrational. +4. Mathematics shows us that market supply and demand curves can follow any polynomial and don't have to be upwards sloping. +5. That mainstream economics doesn't adequately integrate the banking sector and that with models that focus on private debt, you can get models that approximate the before, during and after the GFC. +6. Focusing on monopolistic competition as a predominant market structure misses out on the key benefits of capitalism which is the non-homogeneity of products. +7. Workers don't get paid their MPL in the labour market. + +&#x200B; +http://www.tcd.ie/iiis/documents/discussion/pdfs/iiisdp430.pdf + +in the conclusions he makes the claim. + +edit: + +>A tax based industrial policy will not result in an innovative, research led economy. A tax +based industrial policy leads to an emphasis on tax reduction. Those skilled in knowledge of +the tax system become senior management. In turn their skills require constant updating +and they become dependent on tax advisors. The dominance of accounting/taxation +specialists in senior managerial positions is at the expense of those skilled in new product +development, production expertise, logistics, and marketing. The tax avoidance industry and +those firms skilled in understanding the tax system and selling tax services become large and +powerful and may exert considerable influence in formulating tax policy and legislation. + +>Long run economic success will not follow from countries    introducing tax haven type +features of which a low corporate tax rate is an essential feature. +Also, can companies pay only the interest on their bonds without paying part of the principal back? (" *Evergrande said on Wednesday that it would make an interest payment on an onshore bonds due Thursday* ") +Hey /r/AskEconomics, + +I'm considering pursuing graduate school in economics. I could use some advice. + +**The Core Motivation** + +I've never known what to do with my personal life. +I got good grades in a hard major (chemistry) but have largely floated around aimlessly both in college and after college. My primary hangup is the drive for financial security - coming of age during 2008 had an enormous impact on my worldview. + +As a result, I've chosen $$ and stability over fulfilling vocations. + +In the two years since college, I've sold $200,000 worth of used textbooks on Amazon &, more recently, landed a job in finance. Despite the good money, I don't actually *like* anything I'm doing. + +What do I like? Studying income inequality. I've spent the lion's share of my free time reading up on it for the last six months. Not pop news bs, but reading academic papers, books written by experts on the topic, and listening to two-hour-long-dry-as-fuck talks by former FED chairmen. + +I like this stuff and I'd like to get paid to work on it. + +**Why Economics?** + +In my view, (lack) of access to resources is tied to 95% of the problems we can face as humans. + +Get the economy correct and everything else becomes vastly easier. + +**Why *not* economics?** + +My background is hella light on math (I only ever took Calc I) and coding. I *can* learn these skills if I desperately needed to, I just don't want to. (95th percentile math GRE + I coded a card jame in Java Script once and taught myself some basic HTML - aptitude is there, just not the desire) + +I recognize that this puts me at a distinct disadvantage in a field based around 1) math and 2) large data sets which need to be manipulated by code. + +That said, I'm put off by the focus on math in economics in general. More specifically, the reliance on complicated mathematically theoretical models which are followed with more zealousness than their basis in empirical data deserves. + +I'm not alone in thinking this. + +Economics is a social science which thinks it has the authority of a physical science because it employs so much math. + +As a chemist with experience with both, I can tell the difference. Most of the 'laws' of chemistry (and physics, for that matter) were derived empirically. We didn't just sit around and suddenly come up with the ideal gas laws or the planck constant. If you want an example of the kind of work a theoretical chemists produced before our measurement capabilities caught up, just look at Aristotle's five elements theory (Earth fire water air and aether). + +Y'all know as much about inflation as Aristotle knew about chemistry. + + +However, I shouldn't dismissively criticize an entire field just before deciding to study it... I recognize that economists would make excellent scientists - were they handed a 'lab setting' which is afforded the practitioners of harder sciences. + +**What I need advice on** + +What's the best 'version' or 'school' of economics if my goal is to study poverty & inequality? I've already got my eyes set on quantitative easing and therefore monetary theory. What else is out there? + +Who's known for studying poverty / inequality? + +Is there a way to do economics without high math skills? If not, can you suggest an alternative path? +I was wondering how prices are set in a market where there its pretty much one buyer of a good and one seller of that good. I was thinking about this in the context of a labor market with one employer and a union for the employees. I figured it would cancel out and go back to market rate but I'm not sure how that would work with only two actors +I understand when an individual company's stock prices fall because people start to believe the business is no longer profitable, or even stocks of entire sectors like commercial aviation in response to the covid pandemic + +In these two cases, the prices fall because the decline is usually permanent - the demand for the company's products or even the demand for an entire sector will decline forever (like when the flip phone industry got beaten out by smartphones) + + +What I DON'T understand, why do entire stock markets fall, even though they are ALWAYS temporary? + +Like when the stock markets around the world declined in march 2020 because of the emergence of the covid pandemic. It's not an individual sector getting beaten by a new product like in the first example I mentioned. These are companies from across all economic sectors and the stock prices fall is ALWAYS due to aggregate demand falling. But aggregate demand fall is temporary, so why don't the people just hold on to the stocks knowing the market will eventually start rising again? + +What am I getting wrong about it? + +Please someone answer me this :( it's really important to me and I didn't find the answer anywhere else :( +I've heard this "300 billion in interest" number a couple times now. The US government owns most of the US governments debt so is this including the money they pay to themselves? Or are they actually bleeding 300 billion in interest a year? I tried googling it to no avail. +Lot's of sub-questions here. If I'm wrong in thinking economists generally agree LVT is theoretically great, what are the theoretical arguments against it? + +If it's a practical issue, what are the practical problems that prevent its adoption? + +If it's pure politics, why do I never see discussion of its economics just for theory purposes? UBI gets discussed endlessly though it's currently politically impossible too, why not LVT? + +Also, what's the current thinking on how land values would be calculated? + +I found [this](https://scholar.google.co.uk/scholar?cluster=284895220790130812&hl=en&as_sdt=0,5#d=gs_qabs&u=%23p%3DfPhmobEm9AMJ) paper claiming that private electricity companies have lower productivity in countries with good institutions, I can't seem to access it since I'm not part of an academic institution. + +This paper goes against my priors quite strongly. +So does it seem like a good study? +are there any other studies on the topic? +Finally are there any arguments that could make the conslusions not applicable to non electricity sectors? +If all drugs were legalized, couldn't big pharma employ economies of scale and effectively bankrupt the cartels? Curious to see what you guys think. I would also appreciate some links to further reading I can do. Thanks! +Per my understanding, the public reasoning that the government is trying to bail out companies and businesses is to keep them afloat while keeping their employees; they do not want unemployment. However, the federal bank is printing a lot of money! A lot! Can't the government just pay the people instead of the companies as more "stimulus checks" to ensure their well being, thus they don't have to worry about companies and businesses (who made poor financial decisions) laying off their employees? + +Is it just politics? A lot of wealthy folks who've invested would lose money if the companies fall? + +Is the money printed by the federal bank not enough to help the people? + +What am I missing? +Hi all + +I currently drive a 9 year old Mini cooper with over 140k+ miles on the clock. Unfortunately I keep running into problems - I had a clutch slipping issue that magically fixed itself a few months back, and now I have some other problems such as AC not working (compressor failure), glow plugs need changing etc. + +This car was my 2nd car (I've been driving for 7 years now) and so I've had this car for 3-4 years. + +I'm 24, earning roughly £38000-£40000 a year and I am currently thinking of spending about £14k on a low-mileage, newer edition Mini cooper. + +I'm fortunate to have a small amount of outgoings (sub £500 a month). I don't have £14k saved up so I was thinking about getting a £10k loan and putting £4k of my savings towards it. Will be a 2 year HP loan with an aim to pay off as fast as possible. I don't drive too many miles a year so I'd expect the car value to still be worth £10k+ at the end of the finance agreement. + +I know this isn't the smartest thing on a financial level, but man, I just want to drive a somewhat new, low-mileage car that will make me comfortable and have all features that are working. Am I out of my mind for wanting to spend this sort of money, or if it will make me happy and I think it is worth it, does that make it worth it in itself? + +Thanks for any advice +Graph of this issue: +https://pbs.twimg.com/media/Dya-WJcXQAEp-2U.jpg + +If you could travel back in time to the 19th century, it would be very difficult to convince anyone that railroad investments were not the future of the stock market. + +Governments were offering subsidies and land grants to stimulate rapid industry growth – and in the period of 1868-1873, just after the American Civil War, an astonishing 33,000 miles of new railroad track were laid. + +Entrepreneurs and financiers started betting on ambitious enterprises like the Northern Pacific Railway – and as the transportation boom raged on, more than 60% of total U.S. stock market capitalization came from railroad related stocks. + +We know today that the railroad boom didn’t live up to the expectations drawn out by speculators. + +The valuations of all of those rail companies seem pretty absurd in hindsight, especially when looking at this week’s Chart of the Week on U.S. stock market history. It pulls numbers from Global Financial Data to contrast the relative sector weightings over 200 years. + +While there are some obvious historical moments to be discovered on the chart, perhaps the most important lesson it demonstrates is the unpredictability of the market in general. + +This is a reminder of why stock markets provide both risk and reward – as the speculators from 1869 found out, nobody knows for sure what the future holds. + +How do you think the stock market sector weightings will look in the future? + +Will new industries emerge? +Guten Morgen to this global band of Apes! 👋🦍 + +Welcome back everyone! In case you missed it yesterday, the US markets were closed, but that didn't keep the German markets down! With a bit over 10k volume we saw an over 2 € increase in price. As we count down the last few hours before US premarket reopens, let's take a moment to appreciate the worldwide community that has formed around this stock. + +While I don't often make bold predictions of the MOASS, I can't help but be infected by the optimism surrounding the next several weeks. The institutional shorts are certainly behaving as though they are backed into a corner, orchestrating massive price attacks, planting articles, provoking outrage, and begging for investors to help them weather the coming storm. Meanwhile, many of us continue to buy the dips, DRS our shares, and spread the word about the GME situation. When their short positions start to unravel, it is going to be a magnificent moment, but it is also going to change *everything* around here. I, for one, am doing my best to appreciate each moment we have until then. Thank you for sharing these moments with me. + +Today is Tuesday, January 18th, 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: **$117.71 / 103,22 €** *(volume: 2030)* +- 🟩 115 minutes in: $117.54 / 103,07 € *(volume: 1817)* +- 🟩 110 minutes in: $117.42 / 102,97 € *(volume: 1812)* +- 🟩 105 minutes in: $117.34 / 102,90 € *(volume: 1774)* +- 🟩 100 minutes in: $117.32 / 102,89 € *(volume: 1749)* +- 🟥 95 minutes in: $117.25 / 102,83 € *(volume: 1748)* +- 🟩 90 minutes in: $117.28 / 102,85 € *(volume: 1737)* +- 🟥 85 minutes in: $116.87 / 102,49 € *(volume: 1727)* +- ⬜ 80 minutes in: $118.02 / 103,50 € *(volume: 1170)* +- 🟥 75 minutes in: $118.02 / 103,50 € *(volume: 1170)* +- 🟥 70 minutes in: $118.08 / 103,55 € *(volume: 852)* +- 🟩 65 minutes in: $118.32 / 103,76 € *(volume: 850)* +- 🟩 60 minutes in: $117.79 / 103,30 € *(volume: 526)* +- ⬜ 55 minutes in: $117.76 / 103,28 € *(volume: 490)* +- 🟥 50 minutes in: $117.76 / 103,28 € *(volume: 490)* +- 🟥 45 minutes in: $117.81 / 103,31 € *(volume: 479)* +- ⬜ 40 minutes in: $117.85 / 103,35 € *(volume: 476)* +- 🟩 35 minutes in: $117.85 / 103,35 € *(volume: 457)* +- 🟩 30 minutes in: $117.82 / 103,33 € *(volume: 447)* +- 🟥 25 minutes in: $117.81 / 103,31 € *(volume: 447)* +- 🟩 20 minutes in: $117.82 / 103,33 € *(volume: 404)* +- 🟩 15 minutes in: $117.76 / 103,28 € *(volume: 401)* +- 🟥 10 minutes in: $117.54 / 103,07 € *(volume: 262)* +- 🟥 5 minutes in: $117.76 / 103,28 € *(volume: 259)* +- 🟩 0 minutes in: $118.53 / 103,95 € *(volume: 135)* +- 🟥 US close price: $116.65 / 102,30 € *($119.08 / 104,43 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1403. 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! +**Geometric Mean** \- A number, which we can use to estimate the price per share as people jump off at different points on the way up, which is expected, everyone has a different price point, just as different sell points are expressed. + +Some people are going to sell on the way up (not a lot) and most are going to sell on the way down, only a few will sell on the peak price. + +&#x200B; + +[Floor is 10 mil](https://preview.redd.it/wnbuhxfmbcu61.png?width=1459&format=png&auto=webp&s=df934f9f67362b372f1fcd556d5a97914ee99733) + +So to visualize how much it would cost, based on a conservative short interest of 150% it would force Hedgies to cover 75 Million shares. The numbers indicate the peak price. + +10k per share price total payout would be $106,050,000,000 @ 1414 per share + +42k per share price total payout would be $217,350,000,000 @ 2898 per share + +69k per share price total payout would be $278,550,000,000 @ 3714 per share + +100k per share price total payout would be $335,400,000,000 @ 4472 per share + +1m per share price total payout would be $1,060,650,000,000 @ 14142 per share + +2m per share price total payout would be $1,500,000,000,000 @ 20000 per share + +20m per share price total payout would be $4,743,375,000,000 **@ 63245 per share** + +&#x200B; + +So don't settle for rookie numbers. We can absolutely aim for the stars here, since this is a ONCE in a millenium opportunity. We would by no mean bleed the world dry, it will just be a redistribution of wealth. And remember; this is based on a SI of 150%. It is most likely way higher. + +TLDR: Fasten your seatbelts, because when the squeeze starts, we are going to fucking Alpha Centauri.🚀 + +For better explanation of the geometric mean, read this: [https://corporatefinanceinstitute.com/resources/knowledge/other/what-is-geometric-mean/#:\~:text=What%20is%20Geometric%20Mean%3F,investment%20or%20an%20investment%20portfolio](https://corporatefinanceinstitute.com/resources/knowledge/other/what-is-geometric-mean/#:~:text=What%20is%20Geometric%20Mean%3F,investment%20or%20an%20investment%20portfolio) + +EDIT: Credit goes to [u/Raught19](https://www.reddit.com/user/Raught19/) ! Spread the word + +&#x200B; +As you can read in the title, I want to invest to secure my future living. +I have a few Euros on my bank account (nothing huge) and I am also getting a job soon (besides University (I also live in Germany so I wont get any student debt )). +I just started watching youtube videos and reading books about stocks and investment in generall. +Now my question is, is investing in stocks a good Idea for me or should I invest into something else? +Would love to read your thoughts :) + +P.s. If anything is unclear feel free to ask me about it + +Hi all! + +I am a photographer and videographer, originally from California but now living in the Netherlands. I still get some passive income from a couple stock photography sites that are linked to my US bank account, between $50 - $200 per month, just depending on sales. + +I've previously been letting it sit in my BofA savings account, and only spending it when it comes time to take my next trip back to the States. But it seems like there's probably better options for it, where I could actually invest the money instead of just letting it sit. + +I'm looking for low- to medium-risk investments, with the highest possible return. I need to be able to withdraw the money with about a 2-weeks notice or so. + +I'm curious what you guys would do with (on average) $100 to invest each month. + +Thanks! :) + +Edit: wow, this exploded! It's gonna take me some time to get through all the comments. But to answer a couple questions: I have no debt, and no retirement account. I am 24 (female! Not a guy), a freelancer, and run a business with my boyfriend, whom I live with and share finances with here in the Netherlands. + +We were both financially dependent on our parents when we met about 2.5 years ago, and have just finally hit financial independence. We put aside some emergency money every month and budget wisely, but it's not currently possible for us to put aside a lot of money. We need to make more, first! + +I want to use my US dollars as best I can, and potentially have that be my personal savings/emergency fund. If my boyfriend and I were to break up, he has a family who would gladly support him and get him back on his feet, but I'd be kind of screwed. + +I was in a shit place before we met, and I'd be barely better off now than I was then, as I'm permanently disabled. + +Thankfully we are very happy and have zero desire to break up, but I don't like that lingering feeling of "I'm screwed if we break up, but we don't make enough to set up a true emergency fund yet" feeling. Hence why I want to make the most out of my passive US income. + +Also, we may want to get married and move to the States some day, in which case it could be used for that. :) + +Edit 2: my required amount of time until invested funds could be accessed is flexible. Even if it's a month or more, I could get by in an emergency until then. +I always let my lab bills that aren't fully covered by insurance go to collections. After a few months, the bill is reduced by 75% typically, and that's the point when I pay. It would take a full year in collections for the debt to affect my credit score. Is there any reason I shouldn't do this every time? +So here's the situation. I'm not happy with my current job and have a very in demand skillset, so finding new work will be extremely easy. What's keeping me here is the pension. I'm about 9 years away from having a pension locked in that will set me up for retirement with something like 85% of my current salary when I reach the appropriate age. Currently, I contribute 10% of my income to the pension and my employer adds 12% + +I started a job search about three weeks ago and I've already gotten a few offers that pay upwards of 35% more than I'm making now. If I put 25% of the new income in a 401k or similar, I'd still be putting away more than I am now, but I'm torn about the two retirement plans. Am I crazy to leave the pension before I've got it filled out? + +&#x200B; + +EDIT: Thanks for all of the help to those that contributed advice. I think I'm going to pursue the new job and plan to put away at least 25% for retirement. At the higher salary, that will be a larger contribution than I'm making now and still leave me with more cash in pocket at the end of the day. +Idk if this is the right place to put this. But I've been a longtime lurker on this subreddit. + +I used to post to r/assistance and r/randomactsofpizza. I used to donate plasma at a local Grifols, and I did payday loans to finance my lifestyle even when I couldn't afford to do it. My bank accounts used to be -negative- and in the red with no money for two weeks cause I paid my bills and rent and bought groceries. I had nothing but ramen and mac and cheese and that's cause I scraped together enough change to make it work. + +Throughout this experience, I kept trying different career ideas. Teaching myself how to code, digital marketing, even learned about "data science". All of this I learned through browsing reddit. Searching"how did you get a 6 figure salary or how to get a job without a degree". Most of my money (I made $8.25->$7.25->$9.25->$15 an hour from 2015-2018) during this time went to school/car/life. My parents were always there, and I was lucky that I had a roof overhead. I know many who don't/didnt. I should have even asked for help sometimes, but I knew they had 3 other kids and their own debt to take care of. I tried all the savings plans and hacks and honestly, I didn't have much success. + +I considered so many other get-rich-quick paths, crime and all that shit. I used to get excited applying for jobs paying 25K a year. It took a bit, but I got a job paying $28K that led to $50K and now the tables have turned. I make more than 100K+ a year, I work for one of the biggest companies ever to exist. I have spending money. Actually putting into a savings account, 401K, stocks even. + +And before you think Im about to make this into a rags to riches story, I want you to know I actually hate it. + +I hate that we all have to struggle to eat, I hate that the only option to pay bills is taking predatory loans. I hate that to afford college you have to take more predatory loans, I hate that my parents both immigrants worked hard and had to watch their son fail out of college multiple times(with loans) and have the prospect of no future because the system only rewards a certain type of learner. I hate that success is now me profiting off the exploitation of others. I hate that I had to beg to get by. And fall my way into a career path where now I realize the only barrier to entry is privilege. + +But I hate even more, that I'm considered a success....and that many of you will never have the chance I have because we live in a world where we'd rather people die than give them access to housing, food, or healthcare, electricity, internet or any basic rights that people deserve. I don't want this money even though I strived for it. Maybe that makes me a dumbass or maybe I'm just a poser. But I hate how this world is set up. I'm so angry all the time, hearing people with so much privilege complain about missing out on ski trips cause they have to go on a golf trip. And these moneyed people don't have anything "figured out" they just got lucky and know to exploit what they already have, + +I don't hate people enjoying their lives, I just hate that we are all in this race to the bottom. Our lives revolve around money in the USA and it sucks. Killing this environment so Becky can have an iPhone, while people get exposed to covid for min wage. All I know is we all want a warm bed and a place to call home where we don't have to worry just for a little while. And me being in mine, makes me wish others could have it too + +tldr: I got to the end of the rainbow and it ain't so sweet. + +&#x200B; + +Update: I appreciate all the positivity and even the criticism on the post. I really wish we didnt have to do this ridiculous dance to survive. But wherever you are in your journey, I wish you the best and I hope you know you're not alone. Survival is great, but we need to enjoy this ride around the sun too, it may not come again. Also I will respond to people the best that I can thanks! +*Each week I'll be picking a random ASX stock that I've rarely seen discussed online - and that I do NOT hold - that you voted for, for us to dive into for some Due Diligence ("DD").* + +*This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we'd buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage - for good or bad.* + +*The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market... or at least, less stinky forms of dogshit.* + +*Here's this week's Random Stock of the Week.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Company name:** Australian Agricultural Company + +https://preview.redd.it/gqjt2jiij3g81.png?width=1120&format=png&auto=webp&s=9d2ca568a04bf2195fe08e1c8b4e446ebbf22467 + +**Ticker:** AAC + +**Industry:** Livestock Production + +**Headquarters:** Newstead, QLD + +**Market cap:** \~$900m + +**Current share price:** \~$1.50 + +**P/E ratio:** \~6.9 + +**1-year Performance:** \+34% + +**What they do, smoothbrain version:** Got beef? They kill cows. Lots of cows. + +**What they say they do, wanky version:** “We have dedicated the best part of 200 years to perfecting our art. Respect for the land and our cattle runs deep through our veins; the desire to produce only the best has been passed down by the generations before us.” 🍆👋 + +**What they do, actual version:** If you're looking to invest in an ASX company which is about as polar-opposite to a 'flight-by-night" flash in the pan as could possibly be, this one would be about it. + +That’s because the **Australian Agricultural Company (AAC)** is an *old* company - and when we say 'old', we mean ‘about as old as you can currently get in Australia’, given it’s the oldest continually-operating company in the country. + +Founded waaaay back in its original form in 1824, the company primarily deals with cattle production, rearing, and slaughtering. + +AAC operate an integrated cattle production system covering the whole livestock supply chain; one that is spread out over an absolutely massive amount of Aussie terrain. + +Their holdings include property which covers an area of approximately 70,000 square kilometres of land - that's about 2,000 square km bigger than the entirety of Tasmania, or what is colloquially known as "a shitload". + +All this as well as an array of individual farms, cattle stations, properties, feed lots, and everything else you need to rear cows for quality meat falls under their remit. + +The company specialises in the production of both grain-fed and Wagyu beef, and on the consumer side their Westholme & Darling Downs meat brands form the bulk of their branded meat sales. + +[Mmm... delicious, marbled, death.](https://preview.redd.it/q1occsamj3g81.jpg?width=1000&format=pjpg&auto=webp&s=88a1c9a08efc10813f05d0079f4b76efe30af4db) + +AAC's distribution & revenue consists of both domestic and export markets, with the Asian & South-East Asian region still making up the bulk of their overseas trade. + +It has traditionally been their core market across the majority of the company's history as a listed company, although recent trends have seen them make a concerted push to ramp up efforts at brand awareness and distribution partnerships to North America & the USA in particular. + +The company went through a relative share price boom during the mid-2000's, coinciding with an increased demand for Aussie produce and hot-running beef markets in the SEA region during this time. This petered out afterwards, and ever since share prices have been relatively flat. + +https://preview.redd.it/uy0d6fwnj3g81.png?width=1432&format=png&auto=webp&s=e391b7f5de682636fff1f48a65274ee6621c8a75 + +While some of this can be put on management, a lot of it has been due to factors simply out of AAC's control. As the agricultural - and livestock in particular - sector is vulnerable to climate conditions and events, the last few years have not been kind to AAC's operations. + +This was particularly so during the period from 2018-2020, during which hard droughts hit most of the areas in the Northern Territory & Queensland in which AAC's farms operate. This reduced calving yields and greatly increasing incidental drought-related costs that massively ate into revenue, to the tune of a cool $60 million at the peak of the bad times. + +As if these macro environmental conditions weren't hard enough, in early 2019 a severe Gulf flooding event occurred which hit four of the company's pastoral properties and caused massive damage and loss of tens of thousands of heads of cattle. + +https://preview.redd.it/1mernibpj3g81.png?width=990&format=png&auto=webp&s=9466e98790407dad2bf4cb754882bf0f3052d3f2 + +At time of writing, the past couple of financial years have been kinder, with cattle numbers slowly recovering and both the prices of beef & the massive landholdings the company sits on continuing to increase in value and contribute to the company's bottom line. + +AAC company IPO’d in 2001, and has returned an average of 4.10% annualised p.a (including dividends) since listing. + +**What looks good:** + +* At a base level, this is a company that simply looks underpriced share-price wise vs. the raw net value of its assets. The company owns a significant amount of farm/grazing land which has been soaring in price over the past couple of years; each uptick of agricultural land price has a direct effect on increasing their NTA in lockstep. +* An additional 8% growth in the price of rural farmland has been forecast in 2022 by rural lender Rabobank, which equates to pure 'passive' value increases for AAC. All told, the company is now sitting on about $1.1 billion AUD of assets - with a market cap of only $900m at time of writing. That's pretty crazy. +* While the company's cattle volumes have been down, this has been somewhat counteracted by both the increase in beef prices and reduced costs of production. Livestock values are also forecast to increase by another 8% - and 11% for cattle in particular - in 2021-22 by the Australian Bureau of Agricultural and Resource Economics due to strong meat demand & tighter meat supplies. +* These price and supply constraints have been compounded by Chinese embargoes against one of Australia's key competitors in the meat industry - Brazil - meaning export conditions are currently even more in Australia's favour. With the Chinese also placing some additional restrictions on Argentina & the UK as well, it puts AAC in a favourable position pricing-power wise to squeeze out some extra margins. + +https://preview.redd.it/i9df2ft3k3g81.png?width=816&format=png&auto=webp&s=0d669dd4135bcc2aed4f9542de5280352235648b + +* The UK recently agreed to an increase on the maximum quota tariff-free allowance for Aussie beef farmers, from 35,000 up to 110,000 tonnes, providing additional profits from activity exported there. +* The company is experiencing a significant growth in brand presence in the North American market. Over 50% of their branded sales growth has come from here since the 2020-21 period, and has given AAC the ability to price-gouge a little bit, as the Yanks are willing to pay a premium (up 33%) for the company's loin and rump meats. +* This has come on the back of AAC embarking on an 'influencer' partnership-centric campaign to grow awareness of their branded products by partnering with US chefs. Combined with selling via direct-to-consumer online market places in this market, and it looks like the most promising growth channel the company has at the moment. +* All of these positives have combined with marked improvements in recent levels of rainfall to make for quite the economic turnaround for AAC; after its two hard-hit years climate-wise, they are back to a solid level of profitability, turning in a $83m NPAT and operating profit of $30m. As a result, their financials are no longer an eyesore: + +https://preview.redd.it/sinjsw35k3g81.png?width=1498&format=png&auto=webp&s=c36d06107e6b46f98ca39aa728ce1cce6c8b2340 + +* The fact that the company is sitting on major significant assets gives it a lot of potential flexibility, should it choose to act. With farmland prices at a peak and becoming only more desirable, AAC could choose to sell off some of these assets at a premium price to one of the many cashed-up 'land-bankers' out there; either to lean-down operations, or reward suffering shareholders with a Return of Capital / Special Dividend. +* Compared to its peers in the ASX 'agricultural companies' subsector, AAC looks well undervalued purely based on basic Price to Earnings. While there's no exact like-for-like business on the exchange to compare it to - the closest is probably Elders (ASX:ELD), on raw fundamentals it seems like a company worth more than it's currently sitting at. Here's how this space stacks up at time of writing: + +[ASX Agricultural Companies Price to Earnings. Lower = 'cheaper'. ](https://preview.redd.it/7dmbmlh6k3g81.png?width=1140&format=png&auto=webp&s=5cdc3dcda352421545f8cb51bb383b412a390d34) + +* It's rare that a listed company outside of a REIT or similar has the luxury of simply "not really doing anything", and having its assets increase in value regardless. This provides something of a buffer for shareholders who may not entirely trust AAC's management decisions; even if the board simply continue to spin their wheels, the land & cattle prices will do a lot of the heavy lifting for them. +* The company has publicly declared that Covid-19 labour restrictions that have had adverse effects on many other sectors & eaten into profits and operating hours have not overly impacted their operations. The sector remains optimistic this will remain the same in the near-term. + +https://preview.redd.it/m4bv2j49k3g81.png?width=852&format=png&auto=webp&s=d499afdea4a61088ca2c5c101cb4845d7e19e16e + +* AAC has an interesting mix in terms of company ownership. There's a high level of insider ownership, but this comes almost solely courtesy of Bryan Glinton, trustee of "The AA Trust" - a Bahamas-based entity of British businessman Joe Lewis. His main company, Tavistock Group, owns over 200 companies in 15 countries, and he's also the majority owner of British Premier League team Tottenham Hotspur. It's about as un-involved a majority holder you can get on the ASX - for both good, and bad. +* The company announced in November 2021 that it was committing to a blueprint for increased sustainability, focusing on trials to reduce methane emissions, contributing funds to a climate & nature advisory group, investing in developing tools for soil carbon isolation, and various other buzzword-filled greenwashing pursuits. Whether these turn out to be admirable or just PR fluff, remains to be seen; still, it's good to at least be trying to improve things from an environmental perspective. + +**What doesn't look good:** + +* For such a fundamental and established company, AAC not paying a dividend - nor issuing any guidance on one - now that they've returned to profitability is a little strange. It's not inherently a bad thing in itself as long as shareholders see a clear plan for growth, however for a business like this it can be seen as a sign of management not being confident about maintaining sufficient profits moving forward. +* This is especially true for AAC given the stagnation of the share price. Grown in NTA value is all well and good, but when it's not seen as giving back to shareholders - and again, not clearly being communicated for what the profits are being used for growth-wise - then at least a dividend could serve as some kind of drawcard to get new investors on board. Yield of some kind would help balance out this current stagnation. +* There's no getting around it: beef and red meat companies in general are facing some fairly major social/ethical headwinds moving forward. Again, although it's no real fault of AAC themselves, people are becoming increasingly aware of the environmental impact of cattle farming & livestock slaughter. While both vegetarianism & meat alternative products are growing, even those who continue to eat meat are shifting more to the consumption of pork & chicken as opposed to beef: + +[&#37; Australian Meat Consumption per person. Source: Australian Bureau of Agricultural and Resource Economics](https://preview.redd.it/me5aikagk3g81.png?width=816&format=png&auto=webp&s=27be82413dcbabbf2817b0f46a65c357cfa97340) + +* The company is experiencing a combination of declining revenues, and boasts a fairly high level of debt. They're sitting on approximately $350 million owed at time of writing, which gives them around a \~33% debt/equity ratio; a little high for out liking, despite all those assets. +* AAC made what turned out to be a highly misguided investment in a state-of-the-art abattoir in 2015 which ended up being a massive drain on funds, and resulted them mothballing it in 2018 with an associated mass loss of jobs at the facility. They now have a $100 million paperweight that's a stranded asset sitting there and not doing anything productive, with little mention of what they're planning to do with it to date. +* This extends over to what many see as a lack of board/management communication to shareholders. Where will the growth come from? Investors generally want to see something more than maintenance/stagnation out of a company's roadmap, which is likely a major reason for the disinterest in this stock as a whole. +* As mentioned, they've attempted to put out "sustainability"-centric messaging, however the industry itself by its nature is always inherently going to be fairly unsustainable environment-wise. This may just be attempting to put a green band-aid on an open wound. +* At its core, this is a business operating in what is globally an increasingly anti-meat environment. This is echoed by industry-wide record low slaughter volumes that aren't showing any signs of reversing in the future. +* Climate change also has to be accepted as a risk factor for an investment such as this, too. With droughts wreaking absolute havoc on a business like this - and the potential for them happening with increased frequency as time goes on - a lot of it comes down to a gamble on Mother Nature just as much as it does what management decides to do themselves. + +**Summary** + +AAC are in a position in which it looks like the short-term and mid to long-term prospects contradict each other. + +This is a business that has somewhat "Bradbury'd" (that is, stumbled through pure luck) into a strong position in the short term largely due to factors out of their own control. + +With a pretty incredible array of valuable assets that have rapidly gone up in value - and look to continue to do so in the near-term - as well as increased demand / reduced supply for their core product, they stand to make solid profits until these factors reverse. + +https://preview.redd.it/8ufiiqiik3g81.jpg?width=1000&format=pjpg&auto=webp&s=c4e65afa3e7914da131d5ebf2805a27c5f5c291b + +The simple benefit of more rain can and has reversed their fortunes in and of itself; being able to charge higher margins is simply the icing on the beefcake. + +However, the question remains: what will be the catalyst for any kind of turnaround in sentiment towards this company? The sheer fact that it's currently priced below the net value of its assets shows an utter lack of positive sentiment in the company / sector in general as a far as shareholders go. + +Sure, management has the ability to simply keep running things as usual and luxuriate in their land values steadily rising (for now), but surely shareholders would prefer to put their money in a more ambitious company - or just invest in real estate directly? + +**Conclusion:** Add it all up, and despite my 'investing fundamentals' brain saying that this is criminally undervalued, in terms of market performance that doesn't usually end up mattering much. + +Simply put: what is there for shareholders (or prospective shareholders) of AAC to get excited about? + +Could this at least become a decent dividend-payer, to balance out its lack of growth plans? + +Sure, in the short term, things are looking fairly bright for AAC given the surge in prices of their beef/cattle & property, and continuing to plug their beef products in the US looks at least somewhat promising. For the company's own sake, if not that of shareholders, at least. + +However, given the macro headwinds, the dispassionate majority insider owner, a lack of interest in Investor Relations of any kind, and I can't see any real reason to put money into this company unless management make a concerted effort to address these things. + +Otherwise, might as well just put your cash into an agricultural REIT or similar instead? + +If companies are going to bother being publicly listed, they should engage more for the benefit of shareholders, or they might as well just stay private. + +**Company website:** [https://aaco.com.au/](https://aaco.com.au/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/aac](https://www.marketindex.com.au/asx/aac) + +**Link to web version:** [https://ausinvestors.com/aac-stock-of-the-week/](https://ausinvestors.com/aac-stock-of-the-week/) + +**Vote for next week's Random Stonk of the Week:** [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +**Links to previous Stonks of the Week:** [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +Feel free to add your own opinions on AAC in the comments below. + +**Would you buy this stock? Why or why not? Feel free to vote in the poll.** + +[View Poll](https://www.reddit.com/poll/sljokp) +I have a question about my rights here: + +Back in April, a Victoria's Secret credit card was opened fraudulently in my name, and the theft made a $182 purchase on the card. I went the whole 9 yards contacting everyone I was told to contact to get this reported for fraud. + +In the end, all 3 credit bureaus agreed with me that this card was opened fraudulently and the account was deleted from my credit records. However, yesterday I received a letter from Victoria's Secret saying that they found no basis for my fraud claim and they will continue to send statements. + +Do they have any power over me, since every other credit institution agreed that this account was fraud? Victoria's Secret was the first company I contacted about this, and they told me that they had flagged the account for fraud and even helped inform me about the first steps to take to report this identity theft. + +How should I go about this situation? + +EDIT: Hey everybody, I'm sorry for the delay of update. However, I got all my paperwork in order, got all my reports filed, put on my battle paint, and I went into the call ready for war! + +Well, turns out, VS sent that letter prematurely. My case was closed, the letter was autosent, and then a few days later my case was reopened because they received the additional information. The account security agent apologized for the confusion, told me I didn't need to worry about the amount statement for now, and said that they will call if they need anything more from me. + +I highly appreciate all of your help and advice about this! It was all very interesting and useful to read through. This resolution was very anti-climatic, but I'm relieved that I didn't have to put up a fight. Hey, it's technically not over either, so I'll reference all of your comments again if the worse does happen! + +Thank you all again! +Changing it up a bit from the traditional "investment" discussion. What is everyone donating to? What do you wish you were donating to? What's stopping you from donating? + +Mods can remove this if viewed as off topic. +I've seen a lot of people say that America would lose the trade war(s), but it seems like American stocks are still growing, but Chinese stocks have taken a huge hit. Does that mean America will "win" the trade war? +I posted this about a week ago and didn’t get any replies sadly. I am still interested in reading others thoughts on the topic though so I am reposting in the hope someone replies! +———————————————————————- + +There are a few things I’m wondering about SWFs that people here might be able to help me out with: + +1. Why don’t more countries have them? They seem like an easy way for nations to build capital reserves that will more or less increase year on year + +2. Is it possible for an SWF to be large enough to use all or part of the profits year on year to cover areas of government expenditure? For example an SWF set up to cover the costs of pensions, redistributive measures like a UBI or an NIT, elderly care for the NHS, primary education, or investment in national infrastructure etc etc + +3. Assuming yes to Q2, could we raise multiple SWFs to cover each area of national expenditure, even if partially? + +4. If, in theory, 2/3 was possible, what potential effects would this have on the economy (such as potential effects to GDP growth, inflation, foreign investment etc) +I’ve been reading about gold standard economic arguments on Reddit and most of the content I read attributed inflation to the supply of gold under gold standard such as discovery of new mines. Apart from that, inflation is unlikely. +Suppose we are under gold standard, why wouldn’t OPEC production cut, labour and supply shortages cause inflation? I can’t seem to understand this point. Thanks. +In other words, what if compound interest (whether on savings accounts, loans, or anything else) was not a thing anymore (banks/agents stopped using it)? What I am trying to get at is: does compound interest (as opposed to simple interest) play any functional role in the economy or in the financial system? Or, is it a mere way for banks to encourage savings (in the case of compound interest on savings accounts) and extract more interest on money they lend (in the case of compound interest on loans)? +> Marx was a not uninteresting precursor (in Volume 2 of Capital) of Leontief's input-output analysis of circular interdependence apparently. + +> He also somewhere mentioned the possibility of some kind of harmonic analysis of economic cycles by mathematics, which with much charity can be construed as pointing toward modern periodogram analysis and Yule-Frisch stochastic dynamics. + +What is Leontief's input-output analysis of circular interdependence ? + +What is Yule-Frisch stochastic dynamics ? + +I don’t find any definition of these two on the internet. +I switched companies in July 2019. The HR at my previous firm said that they usually pay out the match only by Jan/Feb of 2020, and I should transfer my 401k only then as it would be beneficial for me to get the match the company provides. + +When I emailed her this April 2020 to find out about the status of when the company will match 401k, this is what they said:  401K Retirement plan is a discretionary account which means contributions are not mandatory. + +My offer letter when I took up the job in Dec 2017 clearly says that 401k is offered to all eligible employees and company will pay 3% of your annual salary into your 401k plan. + +I am at a loss. Is there anything I can do about this? I don't know what discretionary account even means. It was not mentioned anywhere. I just want to get what was promised to me, and move my 401k account to new company. + +Edit: thanks so much for the replies! A lot of comments say that I need to be on active payroll to receive the match. When I left the company, the HR specifically told me that I should transfer my 401k in Jan/Feb 2020 because that's when the match will be added to my account. Why would they say that, if they know for sure that I won't be eligible for this? That's really unfair. Is there something I can do about it? Also for future, should I rollover 401k as soon as I leave? Just trying to understand how to save my match during my next move. Thanks again! + +Edit 2: yes, I did contribute to 401k. It's a 50 cent match for every dollar, up to 3% match. And I expect them to match 50% of the amount I have already contributed, nothing more or nothing less. Also, it's a small company. +Just want to tell people what I see from my perspective. + +I have been optimistic, but cautious about most large events. HFS and Shills lurk this site and when I see people get excited about dates, I end up feeling bad because a majority of those dates have ended red. It makes me wonder how many new investors are exiting their trades at a loss because they expected moon/lambo due to people hyping a date. + +The only dates that matter are listed below: + +-Past dates that can be used to verify data + +-TBD - Future date of large, cheating hedge funds getting margin called + +-TBD - future date when my bank account has 2-3 commas in it and it resembles a fucking phone number + +- TBD - future date when large cheating hedge funds go bankrupt and possibly to jail for their illegal and manipulative practices. + +Outside of those dates, no other ones matter. The implementation of 002 feels good, but I’m pretty sure it will not be Thor’s Hammer, or the Elder Wand. It has been proven through DD, of which I am super proud of this community for producing and committing to, that the people keeping the share price down do not care about the rules, and they won’t care until the punishment for their actions is either $500,000,000/transgression, or they get banned from the market. + +A domino fell yesterday in London, and 002 goes into effect today. Do not hype this up. I will leave you with the wisest words I have ever read…… + +“Buy. Hodl.” + +Edit 1: look at that….. a red day, and I guess 002 was delayed until tomorrow. Good thing we didn’t hype this up and now have to look for reasons why our predictions didn’t come true like QAnoners. + +I believe this will squeeze, just not when everyone expects it to or due to any catalyst we hype up on here +Hi everyone, + +I am looking for some advice for my mum. + +Long story short, she is almost 60, she recently sold her house and now has $200,000 in cash remaining after paying off debt. $0 in superannuation. She doesn't want to buy another house. Currently has a caravan and 4wd. + +Her plan was to keep her money in a high interest savings account, and perhaps taking out about 20,000 to live on each year - which isn't the best strategy as that's basically \~10 years to zero dollars. + +**I was thinking of visiting a financial planner with her to see what the best options were for her. Ideally, if she could put about $180,000 into a fund which gives her monthly dividends that would help to pay for general life stuff, but also grow over time.** + +I was thinking of something similar to CRED - BetaShares Australian Investment Grade Coprorate Bond ETF. [https://www.betashares.com.au/files/factsheets/CRED-Factsheet.pdf](https://www.betashares.com.au/files/factsheets/CRED-Factsheet.pdf) + +Facts:- Yield is 3.39%- Management fee is 0.22%- Monthly distributions + +Having $180,000 in CRED would give her a monthly distribution of $508 / $127pw. Although this is not much, it would defintely help her out, and not bring down her capital amount. + +I'd love to hear any suggestions. I am aware of other possible investments such as VDHG, but honestly, I completely understand what would likely happen over time, but putting that much money (and my mums) into it I don't really feel comfortable as anything bad that happens would be my fault. Although, if this was the case, and perhaps we could take out a small percentage at the start of each year/month, then that could work similar to CRED but have better longer term outcome possibilities. + +I'd really appreciate any feedback or advice, especially if you have been in a similar situation. + +tl;dr - Mum only has \~$200k to use over 25 years. Need best/safest option to ensure money doesn't run out. + +Thanks :) + +&#x200B; + +Edit: +Thank you everyone for all of your comments, really helpful advice. I didn't mention before because I didn't know, but she is currently on the disability pension (mental health) which is apparently similar to the age pension amount, which will transfer to the age pension when she reaches the age. Because of this amount, she has barely touched her capital and just living off the pension - which is great to hear - although any extra income would be great and ideal. + +She would probably be open to the idea of volunteering for NewStart - she doesn't want to work. + +She has rarely worked in the past, hence the $0 in super. + +The idea of putting it into Super for an income stream sounds quite good. Of course, we will speak to centerlink/DHS/financial planners for this to ensure the best option. + +Really appreciate your comments :) +I know this seems scummy and looks bad etc but tbh I did work hard this year and even if my bonus isn’t that high(up to 10%) it would still be a bonus. + +From reading my contract as long as termination is after Dec 31st, any bonus I would have received is paid out to me. Interested to hear people’s thoughts. + + +Alternatively, I’d maybe resign anywhere from 15th - 20th. I have a 4 week notice period and have put in leave from 22nd to 9th. + +EDIT: +Thanks guys, general consensus seems to be this is a no brainer and I should definitely time my exit to include my bonus. +Hello everyone, which stock would you like to see a review for? For this poll a post will only be done for the winner since there are only 3 options. The Honeywell post is being worked on and should be posted soonish. + + +Additionally, the review for Realty Income (O) is still being tracked and is on the to-do list. + +[View Poll](https://www.reddit.com/poll/k5bo64) +First off shoutout to this subreddit for putting me onto SCHD. But I got one question for people with 100+ SCHD, do you guys sell covered calls on it? If so what is the benefits? If not what are the downsides to it? +I've got a lot of cash sitting (531k and growing monthly) and my primary investing goal besides my business is real estate. However it takes time to find and close real estate deals. I'd imagine it will take me 2-4 years to use this money on closing real estate deals. + +While I find deals and use up my savings I'd like to beat inflation (2%) anything more than that is a bonus. While I realize there is no 100% safe stock Id rather put my money in something safe with a low return than something risky with a high return. Before someone jumps out at me and says THERE IS NO SAFE STOCK!! **I am willing to take the risk of having to wait out a loss, just trying to minimize the chance of that.** + +What are some of your favorite safe/secure dividend stocks? +Hello all! I’m looking to brake major generational curses and give my 2 year old a head start. What would be the best plan of action to create a million dollar portfolio and also have him living off of dividend income comfortably by the age of 34? We have a mini portfolio with picks like SCHD, ASTR, SPCE and VNO. Any suggestions would be helpful. I will also keep everyone posted on the progress. +What are your thoughts on using QYLD to max Roth IRA contributions and auto invest? + +Purchase ~$60k of QYLD in a brokerage to generate ~$500 monthly. >>> +Set up a monthly $500 auto transfer to Roth IRA. >>> +Setup index fund auto investments in Roth IRA and never think about it until you retire. +First off shoutout to this subreddit for putting me onto SCHD. But I got one question for people with 100+ SCHD, do you guys sell covered calls on it? If so what is the benefits? If not what are the downsides to it? +Hello all! I’m looking to brake major generational curses and give my 2 year old a head start. What would be the best plan of action to create a million dollar portfolio and also have him living off of dividend income comfortably by the age of 34? We have a mini portfolio with picks like SCHD, ASTR, SPCE and VNO. Any suggestions would be helpful. I will also keep everyone posted on the progress. +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! + +Anybody who thinks people don’t use FB haven’t visited India lately I guess. Let me tell you what I saw in my recent trip. Everyone, even people in villages now have access to smart phones thanks to Chinese companies. TikTok is banned in India so everyone is on Instagram or Fb. People in India exclusively use WhatsApp to communicate. They just video call each other all the time. Data is insanely cheap in India. Basically everyone gets unlimited 1-2 GB per day with whatever phone plan they get. WhatsApp business in India is expanding, you can book tickets and such using WhatsApp. Indian youth is using instagram reels like the rest of the world uses TikTok. Google pay and other digital payments are also on the rise, which means Fb/insta ads are gonna get converted to people buying things online. Middle class is on the rise here and people are addicted to Facebook. +Due to the uncertainty of BBB, namely when and/or if it will pass, is anyone else frontloading their megabackdoor space this year to mitigate the risk of in-year policy changes? Any thoughts on the potential utility of doing so? +It seems like any and every big name day trader is way more focused on selling their education and chat rooms and may even be losing money from trading. +Are there any legit 6 figure traders out there who actually trade and make money 100% from trading and don’t sell stuff? +Just keep in mind this is not the same sub as r/personalfinance. A lot of us came here because it's alienating to be in r/pf. + +We're trying, but keep in mind not to get condescending or judgemental with us. A lot of people are great here, but I've also seen people advised not to start an emergency fund until credit cards are all paid off and get condescending about savings. When I click on post histories and see you're a regular of r/pf and post about how much $$$$$ you have, I see where the disconnect is. + +Before you post about how great credit unions are, for example, keep in mind most credit unions use Chexsystems and a large amount of people in poverty are barred from access to banks and credit unions alike, which is why Chime, Simple, and prepaid cards are a big industry. + +We're glad you're here, but keep in mind that people in here may not be at the stage you're at. Most of us can't even imagine buying a house yet-I'd wager a lot of us are just thankfully counting the years we haven't been homeless again. + + +Buru Energy announced a great free carry farm out deal as a sweet Christmas present with Origin Energy. Is there something I’m missing? I’ve been watching them since the SP was at .11c in early December and entered a position at .145c after the farm out news. + +The drilling season will commence in the Canning Basin after the wet season (March) in WA and they will drill up to two free carry wells for conventional oil at a world class prospect (paid in full by Origin Energy, seismic included for a 50% ownership stake). + +Buru Energy has very little debt and over 40m in the bank on reserve. Current SP is .175c, with around 420m shares outstanding with a market cap near 75m and should be more given the cash on deck, farm out terms, other prospective licenses for drilling natural gas and oil, and oil rigs currently in production. No capital raises needed meaning no dilution to an already low number of outstanding shares. + +They also just recently announced that the WA government has given approval for fracking for natural gas at their Kimberly site with partner Origin Energy. There’s estimated to be DOZENS of Tcf’s in the region which is why the SP jumped into the $3.50 range in 2012 but it was found to be too expensive to bring to market. Technology and market conditions have changed since then and presently Buru is working behind the scenes to monetize and bring the gas to local markets first and then internationally. The CEO owns about 5% (worth millions) of the company so he has skin in the game to continue to make this company successful. + +From the looks of it Buru has a lot going on in 2021. My wife’s boyfriend tells me there is more ammunition to some of Buru’s other projects in the pipeline but I can’t be bothered listening to further DD as I am a certified ADHD retard. But, imo get your spacesuits ready cuz this baby is gonna continue to moon 👩‍🚀🌙 and could be a mulit-bagger if not a billion dollar company in the making. $1-$3 SP target imo if all goes well. + +2021 is going to be an exciting year for Buru Energy (BRU) ...you heard it from this autist first, don’t kill the messenger, let the crickets chirp. Spread the good word.🗣🗣🗣 + +🚀🚀🚀🚀 + +[Corporate Presentation](https://www.buruenergy.com/site/PDF/7b91cf13-11b7-4dca-b077-3260412ac8d3/CorporatePresentation) + +[Origin Energy Farm Out Deal](https://www.buruenergy.com/site/PDF/b5155776-1679-4851-9650-39af8c72b663/FarmoutofEP457andEP458) + +[CEO 2021 Company Outlook PR Video](https://youtu.be/RxsUNbtiI2s) + + +*Due your own DD, not financial advice etc. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I bought in at 28c because I’m a retard and now everyone’s being pussies about some PEP11 NOPTA shit. + +What the fuck is actually supposed to be approved tomorrow, NOPTA or something else? +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). +With 1.35bn heading towards cyber security, it's a sure thing right? And if the answer is no, what are other reasons I should be cautious? I want in but my concern is I can't find a reason not to get in. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +There appear to be two schools of wildly-diverging thought among investors right now, and I've been thinking how to bridge the two camps, since I can't imagine them being *both* so incredibly wrong given the amount of money on the line. + +On the pessimists side are numerous successful investors (Ray Dalio, Jeremy Grantham, Charlie Munger, Michael Burry) who believe stocks are in a massive bubble. The [Buffett Indicator](https://i.imgur.com/caRQtOq.png) and [Shiller PE](https://i.imgur.com/YB3MCn8.png) both say the stock market is highly overvalued. Even though I likewise believe we're in a massive bubble, those indicators give little information about timing, and they could conceivably keep inflating for some time. + +On the optimists side is the bond market, where the [yield curve is normal](https://i.imgur.com/LG1dLuf.png) and not inverted, and showing signs of modest short-term inflation. With the Fed's foot firmly on the gas pedal and with a massive fiscal stimulus working its way through Congress, the odds of a recession related to the business-cycle or Fed overtightening this year is basically zero, though some shock like war or natural disaster could come out of left field. + +But we've seen instances where the stock market crashed even when the real economy kept on growing. The best example in my lifetime is the ["Black Monday" crash of October 19, 1987](https://i.imgur.com/auZia85.png). The S&P 500 dropped 20% in a day, but the real underlying economy (as measured by GDP) kept chugging right along. + +My suspicion is that something similar to a "Black Monday" will play out this year. The stock market, or at least the overvalued sectors of it, will crash and wipe out a lot of paper wealth, but the underlying economy will keep strengthening in the short term. + +In the long-term I suspect we'll have a massive crash once fiscal stimulus tapers off, or we'll admit that the US economy is "going Japanese" and continue passing repeated fiscal stimulus as long as that's viable. + + +Thoughts? +Everyone keeps saying DCA in s&p 500 for 30 years and that is almost guaranteed 8% a year return. But why is such a statement not given for whole europe ETF even though the population and amount of companies in such ETF is more than S&p 500 +Sounds horrible as people are suffering, but in light of these crazy heat waves I’m thinking ETFs like PBW, ICLN, etc, will see a come back. I’ve recently bought some AQWA for water purification and tech and am bag holding the others above, but wondering everyone’s favourite ETFs for a greener future? +Hello everyone! First post. + +Been watching the ARK etf's for the last month and wanted to jump in and buy a diversification of + +ARKK / ARKQ / ARKW / ARKG / ARKF and just buy and hold. + +Given that it is at its ATH, would it be worth buying right now or should I just buy a cheaper Tech ETF like VGT. + +I'm aware that sector ETF's may be overpriced and all, etc... + +Any opinions appreciated! +I'm looking to add a dividend ETF to my portfolio and I've been looking at SCHD. My only concern is that the top 10 holdings are 40% of the ETF. In your opinion is that diverse enough? I looked through the list and it has large well known names, the other option i'm looking at is DGRO. The SCHD fund has out preformed the other dividends ETF's but i'm still a bit apprehensive as a long term buy and hold b/c of the limited holdings in it. + +In your opinion am I worrying about things that shouldn't matter or do you think SCHD number of holding is to small? +Hey I don‘t quite understand why the market price of etf‘s is not important. I understand that whats important is the TER and who the index develops. +With normal stocks you make money with buying a cheap stock and selling it to a better price but how does this apply to etf‘s? When I sell my etf shares, does it make a difference how much the shares are worth? +Hi all, I'm very new to investing and would like to hear some thoughts. + +ARKX ETF is probably coming out at the end of next month. + +However, I'm completely unfamiliar with space exploration and wonder if it's really something that is worth investing into. Granted, it is a very long-term investment, but how long is long actually? And what are the pros and cons of getting in early right now and investing in this niche market? I tried to find some DD but it's all over the place.. + +Also I also have my eyes on ARKW (Next Gen Internet ETF) and ARKKG (Genome ETF). But given how volatile and a long-term investment the biopharmaceutical industry is, is it worth putting in some cash every month into ARKKG as well? + +All thoughts are welcome, thanks! +Hi people, happy Sunday. + +Perhaps this has been addressed on this sub; if so, please feel free to direct me to the thread. + +But I wanted to ask you where you open the short put and why. + +For a frame of reference, I wanted to throw Microsoft out there as an example: + +MSFT IV: 31.75. + +Price Friday at close: 323.01 + +1/21 $320P, first put out of the money: 44.7 delta and $13.2 premium (middle of bid/ask) + +1/21 $305P, 30.3 delta: $8.38 premium. + +Little bit of simple math here: + +the 30 delta put fetches 36.5% less premium. + + The initial distance from market: 320 is 1% away from current price, 305 is 5.57% lower than market. + +Break evens: for the $320P: $306.8. For the $305 P: $296.6. This is 3.3% lower. + +I know there are a lot of factors here: market IV, number of other underlyings... among many others. + +But where do you open (~50 delta? ~30 delts?) and why? + +Do you consider the underlyings' IV? VIX? Do you do some light t.a. before entering the position and allow that to determine? + +To me, at first blush, if you're just opening 10-20 positions, allowing no single position to represent more than 5% of short interest buying power, I would lean toward the near-the-money put and allow the law of large numbers to work. + +Talk to me... +Anyone here use Unusual Whales for trade indicators, or any other type of tool to detect outlier options movements? If so, what has your experience been like? +We know that RH closes spreads on expiration if you are unable to take assignment of the short leg. + +What I've learned today is that they will close the spread even if it's not too close to being ITM and you have sufficient funds to cover assignment. + +The lesson cost me $22, and I'm sharing it here so you know how "free trades" work (in addtitoon to PFOF, etc.) + +According to their answer to my WTF email, they said that: + +"Only one leg is (at risk of being) in or at the money… We may attempt to close the spread" + +And + +"You cannot opt out of the risk check, and the risk check may occur more than 90 minutes before the market’s close on your spread’s expiration date due to numerous factors (including volume)." + +I understand the risk if only one leg is ITM at expiration, but if I have enough funds, why closing it? The did not say. + +More important, what does it mean" at risk of being ITM"? + +Rethorical questions, I assure you. + +What I'm sure is that these were not closed to HR market, but rather "internally" and that this "risk check" (particularly when an account has the funds to support assignment" is just a way to generate additional revenue. + +Just though it could add to the list of reasons why RH is a crappy platform, and why "free" is not free +The last question during a grueling hours-long interview for a huge FinTech company was "Teach me something." I thought for a second and said "Have you heard of the infinite leverage glitch on Robinhood?" The interviewer had not, so I explained how the glitch worked. Then I said "The knowledge of this glitch will spread and in a few days it will be all over the news." My interviewer was skeptical to say the least. As you all know, a couple days later I was proved right. I got the call with the offer yesterday. + +Thank you CTN and all you other ~~retards~~ really nice people <3 +Dear Readers, + +This was nominated by /u/jsalsman. This study is central to the austerity supply/demand side debate. + +[**Here is the PDF link**](http://talknicer.com/egma.pdf) (Neves, Alfonso, and Silva (2015)) + +*** + +**Abstract** + +This paper develops a meta-analysis of the empirical literature that estimates the effect of inequality on growth. It covers +studies published in scientific journals during 1994–2014 that examine the impact on growth of inequality in income, land, and human +capital distribution. We find traces of publication bias in this literature, as authors and journals are more willing to report and publish statistically significant findings, and the results tend to follow a predictable time pattern over time according to which negative and positive effects are cyclically reported. After correcting for these two forms of publication bias, we conclude that the high degree of +heterogeneity of the reported effect sizes is explained by study conditions, namely the structure of the data, the type of countries included in the sample, the inclusion of regional dummies, the concept of inequality and the definition of income. + +In particular, our meta-regression analysis suggests that: cross-section studies systematically report a stronger negative impact than panel data studies; +the effect of inequality on growth is negative and more pronounced in less developed countries than in rich countries; the inclusion +of regional dummies in the growth regression of the primary studies considerably weakens such effect; expenditure and gross income +inequality tend to lead to different estimates of the effect size; land and human inequality are more pernicious to subsequent growth than +income inequality is. We also find that the estimation technique, the quality of data on income distribution, and the specification of the +growth regression do not significantly influence the estimation of the effect sizes. These results provide new insights into the nature of the +inequality–growth relationship and offer important guidelines for policy makers. +And is it really possible for stable coins to hold their value while the rest of the market pulls back 50%-90%? + +I know others say they hold at $1 usd so if you put in $50k it will be $50k in a bear or bull market. I’m just skeptical of where I put my gains and have never put any money in stable coins. +Today’s 25% move upwards was pure authentic buying. According to \[iborrowdesk\]([https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME)), shares available for borrow did not change at all today. This shows 2 things. + +&#x200B; + + Firstly, the institutional shorts like BOfA and melvin have yet to cover, yet are getting pushed further underwater. When/If the squeeze eventually occurs, it is going to be violent. This also shows that the price dips at the 19 range was not a short attack but rather weak hands profit taking. + +&#x200B; + +Secondly, a big player is accumulating. Either it’s Cohen trying to increase his stake for takeover(he’ll have to report within 2 days), or another institution buying. Either way its bullish. + +&#x200B; + +Now, heres the important part. Take a look at this chart, paying attention to the red crayon marks. + +&#x200B; + +https://preview.redd.it/5i6dco7lqr661.jpg?width=3038&format=pjpg&auto=webp&s=1d2c3e40eb68b649d7d8b42eb6acff2ad4f3a970 + +Before every console season, some idiots start shorting GME, resulting in a mini short squeeze in 2008 and 2014. At its peak, it had a share price of about $64. Now, take a look at how much higher the short interest is, and how much lower the float (total number of shares issued) is. Accounting for the same peak market cap, this gives a conservative estimate of $150 if the squeeze occurs. Note that due to the significantly higher short interest, it may very well exceed 150 by a mile. + +&#x200B; + +Lastly, for the short squeeze to occur, we need to all stop being paperhanded bitches. stop fucking selling at a 20% gain when u can easily get a 10x gain. The more liquidity u give to shorters, the less violent the short squeeze. + +&#x200B; + +tldr: GME to $150 provided people stop being paperhanded hoes. +I average around $12/day. I personally think that's not bad but was wondering if its considered a lot by the frugal crowds in this subreddit. + +The $12 includes breakfast, lunch and dinner. Eat out twice each weekend. Meat included. +**TL/DR** + +Bitcoin users can help lower transaction fees and improve bitcoin by switching to SegWit addresses and encourage wallets/exchanges to do the same. + +**SUMMARY** + +Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions ([Understanding Segregated Witness](https://thewalletgenius.com/understanding-segwit-segregated-witness/)). Since that time wallets and exchanges have been slow to deploy SegWit, some admitting in December 2017 that they have not even started work on integrating it. Others, such as Zebpay in India [have already implemented SegWit](https://blog.zebpay.com/how-zebpay-reduced-bitcoin-transaction-fees-a9e24c788598) and are reaping the benefits of reduced transaction fees. If bitcoin users demand SegWit now it will temporarily relieve the transaction backlog while more even more advanced solutions such as Lightning are developed. + +Batching is another great way that exchanges can reduce their fees. See: [Saving up to 80% on Bitcoin transaction fees by batching payments](https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb). Despite the benefits of batching, some exchanges have been slow to implement it. + +There is an opportunity now for all bitcoin users to individually contribute to help strengthen and improve the bitcoin protocol. At this point, the process requires a bit of work/learning on the part of the user, but in doing so you'll actually be advancing bitcoin and leaving what could turn out to be a multi-generational legacy for humanity. + + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $32USD per Tx +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 170K unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 10% SegWit Tx's + +__________________________ + + +**BACKGROUND** + +On Dec 18 Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make 80%+ SegWit happen fast. You can help by taking one or more of the action steps below. + +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin. +4. Spread the word! Conact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch + +IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange. + +__________________________ + +**SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | *NOT READY* | **Yes** | +| Bitfinex | Ready | **Yes** | +| Bitonic | Ready | **Yes** | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | **Deployed** | **Yes** | +| LocalBitcoins | Ready | **Yes** | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates + +[Source 1: BitcoinCore.org](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2: /r/Bitcoin](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) + +Official statements from exchanges: + +- Bitonic: [SegWit: In testing (including send from bech32). Batching: Have been for years. ](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/drv127w/?context=3) +- Kraken: [Deposits are made to Segwit addresses and withdrawls are sent in Segwit format, but frontend presentation is pending full implementation/support in wallets such as bitcoin core.](https://twitter.com/krakenfx/status/949547526847307776) +- Shapeshift: [We don't order batch, but we will get to it. So much engineering to do :/](https://twitter.com/ErikVoorhees/status/947994430606229504) + +___________________ + +**SELECTED WALLETS THAT HAVE SEGWIT ALREADY** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | +| SegWitAddress.org| Paper | + + + +______________________ + +**FAQs** + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else? + +- SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority. + +Once Segwit is FULLY adopted, what do we see the fees/transaction times going to? + +- Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time. + +What determines bitcoin transaction fees, to begin with? + +- Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first. + +Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + + [Source: HowToToken](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + +______________________ + + +**P2SH/bech32 FAQs** + +What are the two SegWit address formats and why do they exist? + +- It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to existing wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would. + + Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses. + + [Source: BTCManager.com](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +What is the difference in address format between SegWit address formats P2SH and bech32? + +- P2SH starts with "3..." + + bech32 starts with "bc1..." + +Which addresses can I send from/to? + +- P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backwards compatibility + + bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum + + [Source: BitcoinTalk.org](https://bitcointalk.org/index.php?topic=2347427.msg23976364#msg23976364) + +Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not? + +- The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32. + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) +- [BTCManager.com - Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) +- [Day 3: ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) +- [Day 4: Unconfirmed TX's @ 174K](https://www.reddit.com/r/Bitcoin/comments/7m6zd0/day_4_i_will_repost_this_guide_daily_until/) +- [Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /r/Bitcoin SegWit effort?](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/) +- [Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7na2xb/day_6_i_will_post_this_guide_regularly_until/) + "Stem-Cell Therapy for COVID-19-Related Acute Respiratory Conditions" [https://ir.citiuspharma.com/press-releases/detail/138/citius-pharmaceuticals-to-feature-product-candidates](https://ir.citiuspharma.com/press-releases/detail/138/citius-pharmaceuticals-to-feature-product-candidates) + +&#x200B; + +CTXR is working on a cure or a way to help people who have problems after covid, I read a few posts who thought this products was somthing that people use during covid, its not, its to treat long term ill people, Millions (Like 117 million) of people have had covid, Around 76% have symbtom after for atleast 6 months and alot of those have problems for life , problems like respiratory conditions. + +&#x200B; + +" New research has found that 76 percent of people who had been hospitalized for COVID-19 experienced at least one lingering symptom 6 months after recovering. " [https://www.healthline.com/health-news/over-75-percent-of-people-hospitalized-with-covid-19-have-symptoms-months-later#Whats-causing-long-haul-COVID-19](https://www.healthline.com/health-news/over-75-percent-of-people-hospitalized-with-covid-19-have-symptoms-months-later#Whats-causing-long-haul-COVID-19)? + +Am betting this treament will be fast tracked. This product will be a cash cow for the company for a very long time once its out...This + Mino-Lok will launch the stock price to all new highs over the next year + +Edit. Its not only for covid and yes worth multi billions as reported by call. Over all call was great. Alot happening soon and alot of catalysts !! +As titled really, struggling way more with this after starting a family. Concerned I'll look back at a bunch of 'wasted' time just to get more money. I'd love to take steps to enjoy my current job a lot more! +# DD I'm challenging in this post + +In [this post](https://www.reddit.com/r/Superstonk/comments/vunb05/stock_splits_split_dividends_reduce_the_liquidity/), OP takes the stance that post split, the options in the new option chain become illiquid because they become non-standard, and that the old existing pre-split options can't be used as efficiently for kicking the can down the road by rolling existing options. + +One of the main thesis points the OP was making is based off this example from the article. + +>"The Depository Trust Company (DTC) determines how the shares will trade pre-event while the Options Clearing Corp. (OCC) decides how these changes will be reflected in the options. Each situation is unique and therefore non-standard. This makes them difficult to understand and therefore risky to most investors. In the above hypothetical, one contract was a standard options contract, the other non-standard. The standard contract represents 100 shares of the underlying, while the NS contract does not. As an example, when BAC took over Merill Lynch, the owner of 100 shares of Merill received 85 shares of BAC stock plus $13.71 in cash. NS contracts of BAC now would deliver 85 shares of BAC + the cash as opposed to the standard contracts which represented 100 shares. **The obvious rule is avoid all non-standard options.** Let me add another: if an option value seems too good to be true, it is. These contracts will also show odd strike prices and different root symbols." + +OP goes on to quote the bolded part above in his post. + +# What the article referenced is really about. + +The article quoted by OP talks about options chains that are created "as a result of a specific even such as a merger, acquisition, spin-off, extraordinary dividend or stock split". Which, at first glance, looks like we might be covered under GME's splitivend. + +If you dive deeper into the article or have good knowledge of option chains in general, you will know that illiquid option chain creation is only a factor when there is a merger (example: APHA and TLRY) or a funky split (3 for 2 stock split for NVIDIA or a 4 for 3 stock split like Home Depot). + +In all of the cases above, a new option chain is created for all existing contracts. In the example of a 3 for 2 stock split, a single contract (worth 100 shares), is now worth 150 shares at the new trading price. Since the majority of all options are traded in 100-share batches, this is now a non-standard option. + +If you were trading options for the Alpha/Tilray merger like I was, you would have seen this firsthand (Each APHA share got you .8381 of a TLRY share). For example, I had a APHA $20 call. They created a new TLRY option chain for old APHA options. There were now 2 options available at the $20 strike on the option chain, one worth 100 shares (standard option) and one worth 83.81 shares (the non-standard option). + +Below is a non standard option chain for Tesla just after Tesla acquired SolarCity. As you can see, there are 2 options for the $40 strike: One for 100 shares (standard) and one for 11 shares (non-standard). + +[40C for 11 and 100 shares of TSLA](https://preview.redd.it/171e75i9wyb91.png?width=681&format=png&auto=webp&s=44b9e1d25c85c661dfb2a7afb279c1f2235fe9f1) + +# So what does this mean for GME? + +In the case of Gamestop, we are doing a straight 4 for 1 split as far as the option chain is concerned. 1 contract of 100 shares at a $100 strike price now becomes 4 contracts at a $25 strike price. The new option chain converts any existing contracts into lots of 100 shares; running 2 separate option types (standard and non-standard) are not needed per strike. The entire option chain's stikes are divided by 4 and the owner is given 4 contracts for each 1 he/she/ape previously had. See excerpt from the OCC memo regarding the GME split: + +[This shows that all existing contracts are being multiplied by 4 and all strikes are divided by 4. No secondary option chain is being created, just alterations to the existing chain](https://preview.redd.it/48x52tviwyb91.png?width=1470&format=png&auto=webp&s=930a4a5102eaf62339741246bdb3ac823fd91f15) + +&#x200B; + +OP gives an example of (1) $65P that now becomes (4) $16.25P. While the strike price isn't a normal strike price, that doesn't make it a non-standard option (which have problems with liquidity). This is no different than a $150C that usually have more liquidity than a $149 or $151. + +# Conclusion + +The option chain is going to look funky, but for it will have the same liquidity post-split as pre-split. The math is easy and 2 separate option chains are not competing with each other. + +# Side notes + +I really want to thank OP for creating the post. He/she was doing research in good faith and came to a miscalculated conclusion. The pursuit of knowledge that this sub has put forth is amazing - even when the research doesn't pan out. + +I want there to be a mechanic that forces shorts to close, but at this time, I do not believe the new option chain will cause this to happen. + +# TLDR + +Non-standard options are options where the contract is LESS than 100 shares. This causes two separate option chains for the same strike (100 shares at X strike and oddlot shares at x strike). + +Having option strikes in $0.25 increments doesn't directly correlate to lack of liquidity. + +In the case of GME (or any other stock doing a 4:1, 2:1, 20:1 split), as long as there isn't a second option chain created, all options will be considered "standard". + +There's no reason to believe there will be any less liquidity than there currently is. + +There's currently a separate post on SS's front page linking to the post I'm referencing. I'm just trying to set the record straight on how non-standard options work. + +[https://www.reddit.com/r/Superstonk/comments/w09xql/uovercloak\_reminds\_us\_how\_gmes\_stock\_splits/](https://www.reddit.com/r/Superstonk/comments/w09xql/uovercloak_reminds_us_how_gmes_stock_splits/) + +# References: + +OCC Memo - [https://infomemo.theocc.com/infomemos?number=50708](https://infomemo.theocc.com/infomemos?number=50708) + +Non-Standard Options - [https://support.tastyworks.com/support/solutions/articles/43000435419-non-standard-ns-options](https://support.tastyworks.com/support/solutions/articles/43000435419-non-standard-ns-options) + +Link to post I'm challenging - [https://www.reddit.com/r/Superstonk/comments/vunb05/stock\_splits\_split\_dividends\_reduce\_the\_liquidity/](https://www.reddit.com/r/Superstonk/comments/vunb05/stock_splits_split_dividends_reduce_the_liquidity/) +My husband and I are about to sell our house and will get a nice chunk of money. I want to pay off all of our debt and pay ourselves back after we bought our new house (we did it a little backwards) we really liked our new house and bought it before we sold the old one. + +My husband wants to keep most of the debt, consolidate it and invest the majority of the money we get from the old house. + +We have roughly 160k in debt. Some of it is paying ourselves back, paying off credit cards and the construction from our old house that just wrapped up. We would have around 75k+ left over after we pay off the debt. + +My thought is only having no debt other than the mortgage and having utilities. He wants to invest it all and make more money. He has agreed to ask several financial advisors and make the decision that way. + +What would you do? +He's usually very pushy about it as well. I'm just wondering if that is a smart move? Can anybody give me advice about it from a personal standpoint, or a financial guru standpoint? +Since there plenty of deals, I would like to buy some books related to financial literacy. I am interesting in learning about taxes, for the purpose of understanding my own taxes, but general financial literacy books are what I'm looking for. + +Thanks in advance! +Annual expense are around 60k including housing. 2 kids. + +36 y/o. Have about 500k saved for retirement all in index funds. + +If I retire at 60, assuming 11% annual return, I’ll retire with $6.9M saved. + +Am I doing that math correctly and if so... does it make sense to stop saving so much for retirement? I feel like I don’t need anymore than that. + +Edit: Some questions on how I got there so I’ll try to summarize. + +-Started young. Early 20s. + +Went to a cheaper state school that offered me $ so graduated with no debt. + +-HCOL city means a higher salary, but I’ve worked to keep living expenses like housing at a reasonable rate. + +-Generous 6% employer match. Have always maxed 401K and IRA. + +-Discretionary spend gets auto-deposited to a debit card each month, rather than putting on a credit card and trying to stick to a budget - this is just easier than something like YNAB for me. + +-Did not take on any mortgage debt until recently and any non retirement surplus has just been put into index funds. + + +[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. +Maybe I'm too pessimistic but it seems like the government wants you to think that your spending (wasting!) more money on medicare by having it listed separately. Why isn't there a defence levy or a politicians pay levy? +I am 26, M, recently purchased a house. In short, the agent I was dealing with has been an expert in the area for over 20 years and is (apparently) known for playing buyers against each other. + +Through various phone calls, we were invited to go higher in order to beat out the other offers. I eventually made an offer which was substantially above bank valuation by about $50K. At the time, the bank and even my mortgage broker said the house was only to be valued at $800K even in a hot market. I bought for $850K. + +Similar homes in the same area barely were selling for $780K - $790K tops (and they were slightly bigger in sqm). + +Eventually, we settle on the contract. + +Now I just checked RE again (despite promising my parents not to do it) and there are now ads for houses with the tagline "Offers from $850K". I was curious enough to call an agent to enquire on some recent purchases that settled and they advised me houses were going for $850K+ (this would have been unheard of months ago). + +I am just wondering if this is what is responsible for driving house prices? You have the ease of borrowing, competition, real estate agents who are pushing up and people afraid to miss out. Even if you buy above market valuation, do you think it is all that bad? Your purchase dictates what the market is in a suburb and street and will be used as a comparable when determining valuations. + +Recently did an AVM on my property and it says it's valued at $800K-$850K now so I don't feel that bad. + +Thoughts? Has this ever happened to anyone +Remember only 2 years ago, when interest rate was 1.68%, news outlets were reporting numerous 25 yos with 25 houses on interest only loans. I wonder how they are going? +UPDATE 1: + +I have reviewed the trust documents, which I really should have done before posting. The 2nd wife does NOT have life tenancy. The trust states my FIL has life tenancy until he passes. Then below that section is has this: +**"2nd wife's full name" may stay in home for a reasonable amount of time after "FIL's Name" passes. + +Well that's a clause you can drive a bus through. There are no funds designated in the trust. Just the home. I **mostly believe** 2nd wife will want to leave the house within 6 months, but don't trust her. And who do you think is going to cover the cost of expenses in those six months? Yeah, my wife and I. + +My wife is realistic that her sister isn't going to do anything to help out financially or maintain the property. A bit of good news is I know the roof is less than 5 years old and the whole place is well maintained; one thing my FIL did right as owner of it. My wife thinks if we take on all the financial and maintenance responsibilities that we have more of a right to it's use. I know we legally don't. Unless we have a contract with my SIL, her and my wife will always be 50/50 owners, even if my wife just paid off the mortgage outright. + +I'm well aware that consulting a lawyer would be the prudent thing to do. All of you saying that probably haven't gone through a situation like this; consulting a lawyer about your inheritance when your father is dying will be the last thing on your mind. Else if you do, you are afraid how it looks to others when they find out and you tell them about it. You fellow inheritors (siblings, cousins, whatever) think you consulted a lawyer to try and get more than what is yours. People do go fucking nuts when they are emotionally distraught over a loved one's passing and money is being handed out. I have seen it several times within my social circle. My wife is reluctant to bring a lawyer into the situation because of how it might be perceived by the SIL or 2nd Wife. My wife tends to be a pragmatic, logical person, but she was a daddy's girl growing up and his illness has brought some extreme emotional distress. Anytime I try to discuss this whole problem with her, she becomes overwhelmed and frustrated with me regardless of how I approach it. + +tldr; I'm seeking info about how to handle refinancing a mortgage on a property soon to be inherited by my wife and her financially irresponsible sister. It's a property we want to keep since it's been in family 3 generations. I need help with the following questions: +1. When it comes to refinancing, how might my sister in law's shitty finances affect the outcome? +2. How should we use a $100k life insurance payout to help augment payment of the mortgage? One lump sum before refinancing to reduce remaining mortgage or to buy us time, using it for monthly payments, until sister in law gets her act together to help out financially? +3. The FIL's 2nd wife gets to stay in home as long as she wants after his passing, despite it going into my wife and her sister's names. How do we ensure the 2nd wife helps with mortgage until she leaves the home? + +EDIT: made an edit below to clarify who are beneficiaries and who are trustees of the trust. + +LOTS OF DETAILS BELOW: +My father in law is terminally ill and will pass his home to my wife and her sister. It's a nice beach cottage that we want to try to keep since my wife and her sister will be the 3rd generation in family to own it (re: sentimental value). I have only been a part of a few discussions about this and know probably 90% of the details. My wife and her sister will look at me to eventually help with all the financial aspects of this inheritance because I did all the mortgage research, purchase leg work and manage a rental property my wife and i own. However, the sister in law here adds complexity to all that + +About the home: It's worth close to $1 million and is located on the water in a beach town. It's a nice beach cottage that my FIL and his second wife have been living in full time for last 8 years. Upon my FIL's passing, the home will be placed into a trust. His 2nd wife and his sister are the trustee; my wife and SIL are the beneficiaries. The home has about a $240K mortgage left on it with a $2900 monthly payment. Taxes are $11K annually. My FIL also has a $100k life insurance policy payout that will go to my wife and her sister; he has been pretty clear this is to help with the mortgage left on the home. + +My wife and I make great salaries but are not in a position to pay $2900 per month for this home. We rent a vacation property in VT that we hope to use for ourselves someday when we have kids in addition to living in Boston and paying a ton of money for rent. We are financially comfortable before inheriting my FIL's home. + +My wife's sister is a different story. She's younger than my wife (27 years old and 31 years old), still lives with her mother, after having to move out of her boyfriend's place after a nasty breakup. She is about to lose her job at an insurance broker because the work environment is toxic and she suffers from some anxiety issues that cause her mental anguish by high stress situations. She has a degree in art. I try to be empathetic to her situation in life, but do not want any legal or financial ties to her (nor does my wife). She's a disorganized, impulsive person who can't manager her own simple finances. She believes the $100K insurance policy is free money to be split in half with my wife and then spent however they want to; she does not see it as a way to help with the house. When you try to help her with them, her anxiety takes over and she flips the fuck out...really not a person I want financial ties to and not someone who is any position to help with mortgage payments. + +When this house and mortgage come to my wife and her sister, they (and now me) are on the hook for the mortgage. We will have to refinance to be able to afford it. And here's more shit to add to this pile: the 2nd wife gets to stay in it after my FIL passes until she decides to leave. The 2nd wife shares a lot of the same traits as my sister in law: terrible with money, impulsive, and suffers from anxiety issues; she's 57 and "retired" when my FIL did and refuses to go back to work in financial product sales which was a well paying job (6 figures). Oh, and the cherry on top of this pile, her daughter from her previous marriage is a 23 year old heroin addict and has a 15 month old baby that the 2nd wife is forced to take care of. The heroin addict daughter is not in the home, but in and out of rehab centers. + +So, I need to help my wife and sister figure out how to make this all work. My wife and I are willing to maybe move into the home for a time and suffer through 1.5 hour commutes. We also could rent the home out and do very well covering the mortgage, but can't rent it while the 2nd wife is occupying it (with a toddler). Wife and her sister will not sell home (which I think is the best plan) because of the sentimental aspects. Any other advice besides the questions up top is also welcome if others have had similar experiences. +Hi PF - this is a question that may come down to personal preference, but I'd love to hear everyone's take. + + +I'm 26 years old, making roughly $50k/yr in a stable biotech job. After three years, I love the area I live in, jobs in my field are plentiful, and it's looking like it might make sense to buy a house here. Small homes in this area are currently in the $150k - $200k range. While I am working (successfully!) on cutting back in the spending department to help save for a down payment, it occurred to me that I could get there faster if I move my retirement savings in that direction for a while. + +&nbsp; + + +**Those all-important $$ stats:** + +Salary: $50k/yr + +Emergency fund savings: $7,300 (4-5 months of current expenses) + +Retirement savings in Roth 401k: $28,700 + +Relatively new (2013) car paid off 8 months ago + +No debt (student loans, credit cards, etc) + +&nbsp; + + +For the past three years, I have been contributing 10% to my Roth 401k. My employer matches 4% and I was immediately vested. I'm not interested in taking any of the money out of this account, but have considered changing my contributions from 10% to 4%, and putting the remaining 6% into savings for a down payment. **For a period of ~2 years, does it make sense to take the 6% above my company match that was being saved for retirement and instead save it toward a down payment?** + + +What things have you found are the best ROI in the space? Veneers? Botox? Personal trainers? Personal stylists? Regular manicures? + +Obviously these things aren’t important to everyone but for those here that have gone down that path what do you recommend and what do you regret? +My whole portfolio is VOO but I want to add some dividend investments for compound growth. Is SCHD the most recommend? Its safe as its an ETF but 3% still doesnt seem like much. +I live in Australia but still have investments in the UK so I follow both r/AusFinance and r/UKPersonalFinance, both of which are Personal Finance Subreddits. + +If you look in the AusFinance Subreddit it is full of wild speculation on the future of global markets. The top posts of the last week are almost exclusively commentary on the recent market volatility. Should I buy? Should I sell? People who had been preaching "time in the market is better than timing the market" selling their positions etc. The comments are full of arguments between bears and bulls. It's an absolute free-for-all, and very entertaining to watch. + +I come into UKPersonalFinance and the top post of the last week is discussing when it makes financial sense to start flying Business Class. There are a couple of posts asking what (if anything) investors should do differently but in general it's all been very sensible and business-as-usual. + +Just wanted to point this out and say that I really appreciate the calm and objective nature of this Subreddit. +Guten Tag to this global band of Apes! 👋🦍 + +With unusually low dark pool activity yesterday, GME rose back above $200, even on somewhat low volume. With only a few days left for the Shorts to buy shares to fulfil the quarterly futures contracts, we might be in for some extreme volume over these next few days, or possibly rethinking the DD that has so many tits jacked. Whatever happens, the theme of the day was DRS with Computershare. While not everyone is able to transfer their shares to Computershare, there is strong momentum in that direction and it's likely to put even more pressure on the Shorts and DTCC as the pool of shares available to them decreases. This kind of direct action shows how much the SHFs have underestimated the Apes. Our Diamantenhände will bring about the MOASS. + +Today is Thursday, September 16th, the penultimate day of trading this week, 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: **$201.88 / 170,74 €** *(volume: 728)* +- 🟩 115 minutes in: $202.10 / 170,93 € *(volume: 727)* +- 🟥 110 minutes in: $201.68 / 170,57 € *(volume: 672)* +- 🟩 105 minutes in: $202.08 / 170,91 € *(volume: 657)* +- 🟩 100 minutes in: $201.99 / 170,84 € *(volume: 642)* +- 🟥 95 minutes in: $201.42 / 170,35 € *(volume: 498)* +- 🟥 90 minutes in: $202.38 / 171,16 € *(volume: 388)* +- 🟥 85 minutes in: $202.50 / 171,26 € *(volume: 373)* +- 🟥 80 minutes in: $202.78 / 171,50 € *(volume: 361)* +- 🟩 75 minutes in: $203.31 / 171,95 € *(volume: 330)* +- 🟥 70 minutes in: $203.21 / 171,86 € *(volume: 298)* +- ⬜ 65 minutes in: $203.74 / 172,31 € *(volume: 253)* +- 🟩 60 minutes in: $203.74 / 172,31 € *(volume: 214)* +- 🟩 55 minutes in: $203.56 / 172,16 € *(volume: 210)* +- 🟥 50 minutes in: $203.50 / 172,11 € *(volume: 202)* +- 🟥 45 minutes in: $203.56 / 172,16 € *(volume: 193)* +- ⬜ 40 minutes in: $203.61 / 172,20 € *(volume: 191)* +- ⬜ 35 minutes in: $203.61 / 172,20 € *(volume: 188)* +- 🟥 30 minutes in: $203.61 / 172,20 € *(volume: 120)* +- ⬜ 25 minutes in: $203.62 / 172,21 ��� *(volume: 120)* +- 🟥 20 minutes in: $203.62 / 172,21 € *(volume: 117)* +- 🟩 15 minutes in: $203.69 / 172,28 € *(volume: 116)* +- 🟩 10 minutes in: $203.66 / 172,25 € *(volume: 115)* +- 🟩 5 minutes in: $203.55 / 172,15 € *(volume: 84)* +- 🟥 0 minutes in: $203.37 / 172,00 € *(volume: 68)* +- 🟥 US close price: $204.52 / 172,97 € *($203.20 / 171,86 € 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 1.18237551. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Tag to this global band of Apes! 👋🦍 + +With unusually low dark pool activity yesterday, GME rose back above $200, even on somewhat low volume. With only a few days left for the Shorts to buy shares to fulfil the quarterly futures contracts, we might be in for some extreme volume over these next few days, or possibly rethinking the DD that has so many tits jacked. Whatever happens, the theme of the day was DRS with Computershare. While not everyone is able to transfer their shares to Computershare, there is strong momentum in that direction and it's likely to put even more pressure on the Shorts and DTCC as the pool of shares available to them decreases. This kind of direct action shows how much the SHFs have underestimated the Apes. Our Diamantenhände will bring about the MOASS. + +Today is Thursday, September 16th, the penultimate day of trading this week, 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: **$201.88 / 170,74 €** *(volume: 728)* +- 🟩 115 minutes in: $202.10 / 170,93 € *(volume: 727)* +- 🟥 110 minutes in: $201.68 / 170,57 € *(volume: 672)* +- 🟩 105 minutes in: $202.08 / 170,91 € *(volume: 657)* +- 🟩 100 minutes in: $201.99 / 170,84 € *(volume: 642)* +- 🟥 95 minutes in: $201.42 / 170,35 € *(volume: 498)* +- 🟥 90 minutes in: $202.38 / 171,16 € *(volume: 388)* +- 🟥 85 minutes in: $202.50 / 171,26 € *(volume: 373)* +- 🟥 80 minutes in: $202.78 / 171,50 € *(volume: 361)* +- 🟩 75 minutes in: $203.31 / 171,95 € *(volume: 330)* +- 🟥 70 minutes in: $203.21 / 171,86 € *(volume: 298)* +- ⬜ 65 minutes in: $203.74 / 172,31 € *(volume: 253)* +- 🟩 60 minutes in: $203.74 / 172,31 € *(volume: 214)* +- 🟩 55 minutes in: $203.56 / 172,16 € *(volume: 210)* +- 🟥 50 minutes in: $203.50 / 172,11 € *(volume: 202)* +- 🟥 45 minutes in: $203.56 / 172,16 € *(volume: 193)* +- ⬜ 40 minutes in: $203.61 / 172,20 € *(volume: 191)* +- ⬜ 35 minutes in: $203.61 / 172,20 € *(volume: 188)* +- 🟥 30 minutes in: $203.61 / 172,20 € *(volume: 120)* +- ⬜ 25 minutes in: $203.62 / 172,21 € *(volume: 120)* +- 🟥 20 minutes in: $203.62 / 172,21 € *(volume: 117)* +- 🟩 15 minutes in: $203.69 / 172,28 € *(volume: 116)* +- 🟩 10 minutes in: $203.66 / 172,25 € *(volume: 115)* +- 🟩 5 minutes in: $203.55 / 172,15 € *(volume: 84)* +- 🟥 0 minutes in: $203.37 / 172,00 € *(volume: 68)* +- 🟥 US close price: $204.52 / 172,97 € *($203.20 / 171,86 € 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 1.18237551. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I get it, it’s a movement, shit I was part of it already. But Jesus fuck I want new money, this shit is boring already. Need some new fucking YOLOS in my life. Missed out on TLRY and all these fucking weed stonks cause the only fucking thing going here is GME,AMC, and APES STRONG TOGETHER. Fuck, go make your own fucking sub for GME. This is WSB not GMEFIGHTTHEHEDGEFUNDS. I want new money not this desperate, sad bullshit, that this sub has become. + +Anyways AMD 🚀 SKLZ 🚀 those are the two stocks I’m yoloing atm.... made a 10 bagger on SKLZ thus far.. Going for the green lambo. + +And to the OG WSB members let’s hope we can get back to form on this sub although I feel as what I’ve come to know and love WSB is lost for ever... + +Yakkamah out. +Seems like everyone is obsessed with the wheel. Is that because it’s the best theta strategy? Highest premium/risk ratio? I don’t really get the hype. What am I missing versus other theta strategies? +"Most real estate agents expect housing values to drop by as much as [20 per cent over the next six months](https://www.afr.com/property/residential/unsold-home-numbers-surge-as-buyers-pull-back-20200407-p54ht7) as buyers drop out of the market, prompting fears of a prolonged downturn that could force some agencies to close, according to an industry poll." + +Full story [here](https://www.afr.com/property/residential/real-estate-agents-expect-prices-to-drop-20pc-20200413-p54jcs) or in the comments. +I am really curious - If every upvote counts as approx. ~~0.4~~ 0.2 moons, then why aren't people creating bots that will automatically upvote their posts? This can literally generate free money and it doesn't seem to be that hard since there are dozens of sites offering mass upvoting/downvoting for a few dollars. +Guten Tag to this global band of Apes! 👋🦍 + +Of course, another jump of over 13% is panned by the financial media, but that's nothing new to us. Days like yesterday go to show that the SHFs remain desperate to maintain control over the price, and cannot afford to let it run up too much or risk failing their margin calls. As we've seen before, there is no way to predict what they will do tomorrow - the might pump elsewhere to short GME down to manageable levels, or risk it creeping upward again? Whatever they do, it's not going to shake the Apes with Diamantenhände - we'll continue to HODL, DRS, and buy the dips. They have no chance against us while we do, but are desperate to survive another day. + +Speaking of another day, today marks the end of Ryan Cohen's lockout period. I haven't yet been able to figure out if it's the last day or the first day after it lifts. While we may see more direct communication, I've thoroughly enjoyed the wild attempts to decipher his tweets over the past year. Whether or not he changes anything about how he communicates with the world, I respect the absolute treasure of a Chairman of the Board that we have in Ryan Cohen. He completely changed the course of GameStop's existence by refocusing the company toward revolutionizing retail, but he is also able to inspire confidence from shareholders through bathroom humor and cryptic messages. It is obvious from the team he has assembled that his leadership inspires confidence. If he were to turn that directly toward new GME investors, it alone could trigger the MOASS. + +Today is Wednesday, February 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$115.45 / 101,20 €** *(volume: 589)* +- 🟩 115 minutes in: $115.51 / 101,25 € *(volume: 589)* +- 🟩 110 minutes in: $115.39 / 101,15 € *(volume: 589)* +- 🟥 105 minutes in: $115.11 / 100,90 € *(volume: 589)* +- 🟩 100 minutes in: $115.31 / 101,08 € *(volume: 589)* +- ⬜ 95 minutes in: $115.22 / 101,00 € *(volume: 589)* +- 🟥 90 minutes in: $115.22 / 101,00 € *(volume: 589)* +- 🟥 85 minutes in: $115.26 / 101,04 € *(volume: 589)* +- 🟩 80 minutes in: $115.35 / 101,11 € *(volume: 469)* +- 🟩 75 minutes in: $113.11 / 99,15 € *(volume: 467)* +- 🟥 70 minutes in: $113.08 / 99,13 € *(volume: 467)* +- 🟩 65 minutes in: $113.31 / 99,33 € *(volume: 368)* +- 🟩 60 minutes in: $113.23 / 99,25 € *(volume: 334)* +- ⬜ 55 minutes in: $113.17 / 99,20 € *(volume: 283)* +- ⬜ 50 minutes in: $113.17 / 99,20 € *(volume: 283)* +- ⬜ 45 minutes in: $113.17 / 99,20 € *(volume: 283)* +- 🟥 40 minutes in: $113.17 / 99,20 € *(volume: 283)* +- ⬜ 35 minutes in: $113.23 / 99,25 € *(volume: 238)* +- 🟩 30 minutes in: $113.23 / 99,25 € *(volume: 238)* +- 🟩 25 minutes in: $113.17 / 99,20 € *(volume: 178)* +- 🟥 20 minutes in: $113.16 / 99,19 € *(volume: 177)* +- ⬜ 15 minutes in: $113.20 / 99,23 € *(volume: 177)* +- 🟥 10 minutes in: $113.20 / 99,23 € *(volume: 177)* +- 🟩 5 minutes in: $113.40 / 99,40 € *(volume: 77)* +- 🟥 0 minutes in: $113.38 / 99,39 € *(volume: 42)* +- 🟩 US close price: $115.60 / 101,33 € *($115.24 / 101,02 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1408. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +May seem obvious to most of you, but I just dodged a bullet. + +I was recently offered a position at a new company. The initial offer looked great. The base salary was 85k, nearly $18,000 more per year with all the usual benefits. The 401K was lack luster, but it wasn't a deal killer. I had read on Glassdoor that the insurance costs were higher than most. Before accepting the offer, I requested to see the costs associated with their medical/dental/vision insurance. As it turns out, the insurance was over double what I'm currently paying. The insurance premiums worked out to $1570/mo. Between that and the difference in the 401k match, I would have been losing money. + +If I hadn't read about the insurance premiums, I would not have thought to ask to see the price. I definitely dodged a bullet. +Ive been trading for a year and a half. My strategy is becoming more and more refined. + +I'm more consistent these days (as long as heavy speculation doesnt fuck things up i.e brexit). + +My personal account started with few hundred GBP which I've doubled and just withdrawn some profit. + +If I'm honest my end goal is to be able to live from my profits. I truly have a passion for this game. + +I've also started managing client money and they're doing well. + +I don't care about being rich. I want the respect from my family, putting them on and them recognising my skill. + +Has anyone got knowledge on what it takes to truly make a living from forex trading? + + +Ive been trading for a year and a half. My strategy is becoming more and more refined. + +I'm more consistent these days (as long as heavy speculation doesnt fuck things up i.e brexit). + +My personal account started with few hundred GBP which I've doubled and just withdrawn some profit. + +If I'm honest my end goal is to be able to live from my profits. I truly have a passion for this game. + +I've also started managing client money and they're doing well. + +I don't care about being rich. I want the respect from my family, putting them on and them recognising my skill. + +Has anyone got knowledge on what it takes to truly make a living from forex trading? + + +Hi everyone, + +first-time poster so I apologize if there is something wrong with this thread. + +Long story short I know I will eventually invest in stocks in a few years, especially with the negative interest rates that affect most EU countries. Why in a few years? For personal reasons I need to save as of now so I can take a sabbatical leave and further my education. Once I finish with the degree though my work opportunities and wage will potentially be higher so I'd like to get on track ASAP. + +I've done a Google search and there seem to be several stock simulators. A lot are US-based if I got it right. For this reason I'm looking for a stock simulator that can be applied to real life also for someone living and working in the EU or EEA. I have no experience in the field and, during my upbringing, my family was pretty conservative on money: they'd value only real estate as a good investment and avoided all sorts of stocks and investments. The one exception would be local bonds (which I am planning to do as well in the future) + + If you have any advice on which one I (and others reading) should choose and why please let me know. Thank you in advance! +Hello everyone, I’m looking for some alternatives to the Roth IRA in Germany. + +A retirement account with a compound interest where I could put n€ every month until I die (or at least close to this state). + +The problem, however, is that I’m not sure if I want to stay in Germany and would like to move to other EU countries or US in like 5-10 years. + +Do you know any good German / international IRAs? Are there any at all for those who don’t settle in one country? + +P.S. I’m a total newbie in the topic, so the ELI5 approach is appreciated. + +Thanks! +Recently I decided to buy a car but it seems so overwhelming with the amount of choice we have. I want to buy a car for approx 12.000 EUR, used, 3-5 years old, without any special preferences besides the fact that I don't want to spend much money on maintenance. I was thinking something about Ford Focus, VW Golf, Renault Megan. I mainly drive my car for commuting, a couple of times a year for a longer distance(vacations). I would sell it after 3-5 years and maybe buy an electric car which seems too expensive at the moment. + +What are your suggestions? +I've been offered to buy the apartment I'm living in at the moment for 230.000€ in Cork, Ireland. I'm paying 1100€/month for rent, but at market price the rent is 1400€/month for the apartment. The area is quite good. The gross yield is around 7%, but wondering if it's worth to buy it? In a few years I would move out to go back home (Spain) and I would put it in rental market to pay off the mortgage. My biggest concern is to see another crash in property market in Ireland as 2008? +Hi, + +There are limited amount of inflation protected bond ETFs to me. + +- In terms of liquidity, which one do you suggest and why? Do you suggest more diversified? + +- Should it be either eur based or eur hedged? + +- And I live in Germany and I think its better to have distributing ETF to exhaust 801eur per year per person for tax exemption. Is this true for bond etfs or its just funds that are more than > 50% stocks in it. + +- Does it make sense to have like 5% of portfolio so that we can rebalance, by selling these and buying cheaper equities, or this is only for protection for long term inflation? + +These are my available inflation linked bond etfs + +https://www.justetf.com/en/find-etf.html?assetClass=class-bonds&groupField=none&bondType=Inflation-Linked&spc=96&sortField=fundSize&sortOrder=desc +Hey guys! +I have seen that a lot of us here have invested on ETF’s as the ones mentioned in the title. +Coronavirus is spreading more and more globally having the first cases been confirmed today in a few countries. + +I know that ETFS are long term investments and I am not here trying to alarm anyone. + +What I mean by this post is to discuss to what extent do you think the virus will affect the economy and our personal finances (or even investment opportunities you think might rise with this). + +Thank you +If you are not sure if your broker did a regular split or received shares via dividend and credited you with them, contact them directly. If they did not receive them via dividend, you are exposed to risk, as your broker does not physically own enough shares to cover those of its clients such as yourself. If your broker goes bankrupt and does not own the shares you supposedly own, you have no recourse outside of your countries’ laws and ability to fight gigantic financial corporations in court. + +You will eliminate this exposure by direct registering your shares, and pass that risk to your broker. Your broker, assuming this risk, should be rightfully pissed off. At the same time, direct registering your shares will cause immediate buying pressure. + +e: fixed a typo +I currently work in a library full-time making 10.50 a hour. I was recently offered a full time job at an University that's about 50 miles from my house. The jobs salary is 17.65 a hour. I am wondering if I take into account gas and wear and tear on my car if this pay increase is worth it? I already commute around 20 miles for the 10.50 job. Finding a higher paying job locally is not really an option because of my location I would have to travel into the city for work if I wanted to make more than $13. + +My hope in taking this job would be to save money but will the commute eat the pay increase? +Imagine this. You make $100,000. You are proud of yourself, you made money. Then you see the stock climb. The price keeps climbing. You fear what you have done. You have not only fucked yourself over, you have fucked over your family and any chance of building generational wealth. One day you are sitting in a dark room. It’s still and quiet. You are alone with your thoughts. It then hits you just how bad you fucked up. Don’t be that person. + +Above all, remember this. There is no such thing as a paper handed ape. + +Hodl the line. + +This is not financial advice. + +Edit: cheers for the awards. +https://en.wikipedia.org/wiki/Hillary_Rodham_cattle_futures_controversy + +In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham engaged in a series of trades of cattle futures contracts. Her initial $1,000 investment had generated nearly $100,000 when she stopped trading after ten months. In 1994, after Hillary Rodham Clinton had become First Lady of the United States, the trading became the subject of considerable controversy regarding the likelihood of such a spectacular rate of return, possible conflict of interest, and allegations of disguised bribery, allegations that Clinton strongly denied. There were no official investigations of the trading and Clinton was never charged with any wrongdoing. + + +Rodham later wrote that she educated herself about the market and followed it closely, winning and losing money. By January 1979, she was up $26,000; but later, she would lose $16,000 in a single trade. At one point she owed in excess of $100,000 to Refco as part of covering losses, but no margin calls were made by Refco against her. Near the end of the trading, Blair correctly sold short and gave her a $40,000 gain in one afternoon. In July 1979, once she became pregnant with Chelsea Clinton, "I lost my nerve for gambling [and] walked away from the table $100,000 ahead." +How is it going my homies + +I [made this post on investing](https://reddit.com/r/investing/comments/l8yi83/common_misconceptions_about_markets/) a few days ago explaining all of the QAnon fantasies and why the top could already be behind us. Some people listened, processed information and asked questions. Some called me a person working for Melvin and hedge funds. + +It’s all in the past, but if you got burned on GME or other meme stocks, here are few things you should learn about the markets and trading these bubbles. + +1. Set a price at which you will exit and take profit. Don’t look at what happens next, and never rebuy if the price continues growing. Likewise, set a stop loss at which you will exit no matter what. + +2. Never, and I mean never put in more than you can afford to lose, or even lose sleep over. I have a pretty decent portfolio, and I only put in 0.5% of it in the play. I don’t give a shit about that money, but I still took profit and got a 250% ROI. Easiest cash I’ve ever made, easier than blowing a fat dude in the back alley behind a strip bar. +Anyway. + +3. If you hear about shit on the news. It’s probably not a good time to enter. There is a reason why some early people made money on the play. They understood mechanics of what was driving the increase in price. Many of them didn’t even expect a short squeeze, they just like the fundamentals. Likewise, if your 80 year old grannie (say hi to her from me) calls you and asks you about this magical company called GameStonk, sell that shit right away. + +4. Always double and triple check information posted on forums and don’t take it for a truth even if it has a lot of upvotes. The amount of misinformation I saw on WSB over the past week with 100 thousand upvotes makes me want to vomit. + +5. Stock trading is not a team activity. It’s not us vs them. It’s a fucking free for all, and people will drop their bags on you if they see their unrealized gain turn into an unrealized loss. You want to make money? Do your research, and be the first one on the train. Don’t jump on the train when it is speeding and going off the rails. + +6. If you don’t understand how something works, learn about it. Again, the amount of conspiracy theories that I read about ladder attacks and this grand illuminati conspiracy is driving me nuts. Always use the Occam’s razor, meaning if there is a simple explanation to the situation, it is probably right. There is no need to build out this conspiracy theory for something you don’t understand, it does not help anyone. + +7. You will get FOMO and you will get confirmation bias. Everybody does, but learning how to battle it is crucial. Look, my dad was a fucking casino gambler in his 30s playing blackjack and losing money, and I have the same traits. Does it mean I need to be the same? No, and I always remember my genes when trading. It is not an excuse to use when you lose money. + +8. Realize that situations like this are extremely rare, and if you expect to make 300% gain in 3 days, I have some bad fucking news for you, markets don’t work like this. + +9. Finance gets complicated real fast. Yes, on the surface it’s just buying and selling. I have been studying this shit for 5 years, and I still don’t know a lot of things. There are reasons why even some of the smartest people still lose money. Shit, Newton was burned on a South Sea bubble. Yes, that guy who discovered gravity lost money just any of us. + +10. One bad trade does not define you. As long as you learn, and don’t repeat the same shit again, you are golden. There are plenty of ways to make money on the markets, be it value investing, selling options or setting up butterfly spreads. + +TL;DR: Be smart, not dumb. +In honor of today being exactly 1 year since I made my first trade, I wanted to reflect and share some analytics and lessons I’ve learned over the past year. I started with $6,000 from my savings, but added another $1k throughout the year (took out ≈400 to fix my car in June). + +I mixed swing trading and dividends, because I wanted to use this year to learn the basics since my strategy will change when I actually start my career after graduating college in May. + +Current account balance $7,929.45 +Total Profit+Loss $1,374.38 (22.41%) +$715.38 appreciation/$660 Div +No current holdings + +Big Winners: +VOOV +$922.70 over ≈22 trades +BP +$224.25 ($89 Div) +O +$215 (held 3 months) +(Many many others) + +Big Losers: +CVX -$357.11 +T -$253.22 +SCHG -$141.26 + +Lessons I learned: +1. Time in>Timing - my first trade was 90 SCHD at $66.38, if I’d held and sold at close yesterday I’d be +$1083 with no headache or stress +2. Don’t chase divs - my biggest loses came from buying before ex div to collect and sell… doesn’t work +3. Stick to plan - when I started goofing around I lost money. X, TQQQ, and RY were all bad ideas(although TQQQ is up $50 from when I sold sooooooo) +4. Crypto isn’t for me - don’t understand it… lost a bunch of money +5. Find a winner - VOOV went $140-$145 and back almost on a cycle, did well +6. Red is ok - early this year -$20 meant panic sell…. Reddit will roast you +7. Don’t get jealous - my idiot cousin made $50k with DOGE and I tried to copy, failed +8. Understand Taxes - I don’t, and the IRS will be killing me soon +9. It’s ok to stay in your lane - I don’t understand options, so I don’t do it, even if it’s lucrative +10. Know good and bad advice - T was an Aristocrat so it’s safe, right???? (No) +11. It’s not that easy - I was drawn to invest from the “Put $500 a month for 40 years and you’ll be a millionaire” influencers… don’t buy their course +12. Get a mentor - a classmate of mine lent me Rich Dad Poor Dad, and I’ve learned a lot from him + +Thank you for coming to my Ted Talk. Feel free to ask questions :) + +Also I posted here because it’s the page I follow the most, but it’s not strictly dividends. If it would be better suited elsewhere please let me know +Pretty much the title. But quit my job to be a SAHD, paying childcare for 2 kids in California is ludacris. +Felt like its time to be free of this debt, and paying others to watch my kids. + +I feel good that my wife and I would be essentially paying off 125k land loan purchased back in March 2020, in less than 3 years. Its pretty unreal, but feeling indifferent about the whole situation. Maybe it's stress of quiting my job, or how others have taken to the idea of me staying home to watch the kids, and sell my truck. + +Any words of wisdom on what to do from here? +Hi All, + +My wife and I are 27 years old and together had an income this year of over $400,000. My boss is a huge fan of whole life insurance and put me in touch with his broker/agent. While a longer dated term policy seems like a no-brainer given I am young and healthy, I am wondering what people think of combining this with Whole Life Insurance. The pros I suppose are the lack of volatility, it never goes away, and that it is a tax efficient means of wealth transfer / gaining exposure to corporate bonds. The negatives I suppose are the high monthly cost, the opportunity cost (investing in a higher growth asset with the money instead may make more money in the future) , and (one concern of mine in particular) is inflation rendering the ultimate payout insignificant. + +Does anyone have any thoughts for people our age and with some money to spare? + +Best Regards, + +JB +My dad passed away when I was 10 and left me and my sister some money via a life insurance policy. Obviously, the court has it. I’m 16 now, and I’ll be getting 120k when I turn 21. I’m super scared I won’t be able to invest or manage it properly and will end up losing it all. This is a lot of money, and I feel like other, more financially adept, people could do wonders with it. I’m still young, so I think I have enough time to mentally prepare myself for it. I’m fairly good with numbers and actually like paperwork, so I was thinking about studying something related to finances in business school, but other than that I’m lost. Any advice on preparing myself for it and what to with it once I get it? +My boomer mom found out that I invested some of my money in BTC. Couple days ago I spoke with my dad about it because I tought I can trust him, but yesterday he told her about their sons investment. Anyway my mom thinks im a 19 y.o idiot, thinks that BTC is a pyramid scheme, invented by some rich people to scam us and she made fun of me by asking if she could "touch" the coins like real money. + +I learned my lesson: Dont talk about ur investments with other people especially about "new technologies" investments like Bitcoin. + +&#x200B; + +Edit: Sry shes not a real boomer, she has a "boomer mindset" + +Edit2: Thanks for all these comments:) +I have two kids - 2.5 and 1 years old. I figure we have about 15 solid years of vacations for the four of us when they’re old enough and before they’re too old. One domestic and one international trip a year, that’s 30 trips to form lifelong memories for our family. Tell me about the unforgettable trips you have you taken with your kids or the highly anticipated trips you want to take so I can fill out my bucket list. +I'm just curious as to what kind of algorithms are people here trading or coding. + +Mean Reversion, trend following, scalping, options, futures, stocks? + +Does your system make money? How long did it take you to develop? + +Obviously not looking for specifics here, just a general idea. Curious as to how some of you guys approach the markets. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, I expect that the next several weeks are going to be quite the rodeo for GME. The Institutional Shorts were in a perilous position in late January, and kicked many cans down the road with relatively short options plays - many between now and mid-March. We've seen the indications that they continue to use options and short XRT to put downward pressure on the price, but days like yesterday show that they are having trouble maintaining control. The closer we get to their options expiring, the more difficult of a place they will be in, especially with 100% utilization and so many shares being DRS'd and purchased by other institutions. + +Meanwhile, it is exceedingly clear that the Apes are here to stay - we like this company, regardless of the imminent short squeeze. Our Diamantenhände need no refinement - we proudly hold our shares in our own names, and no mini-squeeze will induce us to sell. Ryan Cohen and Matt Furlong are leading this company in a solid new direction, and will set an example of how physical retail can be enhanced through digital ownership and a marketplace that rewards collectors, creators, and consumers. This is the future of gaming; the future of *retail*. The Shorts didn't see this coming, and now it is far too late for them to get out. + +Today is Wednesday, February 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$126.60 / 111,59 €** *(volume: 1065)* +- 🟥 115 minutes in: $126.50 / 111,50 € *(volume: 965)* +- 🟥 110 minutes in: $126.70 / 111,67 € *(volume: 961)* +- 🟩 105 minutes in: $126.78 / 111,75 € *(volume: 931)* +- 🟩 100 minutes in: $126.75 / 111,72 € *(volume: 931)* +- 🟩 95 minutes in: $126.51 / 111,51 € *(volume: 930)* +- 🟩 90 minutes in: $125.83 / 110,91 € *(volume: 657)* +- 🟥 85 minutes in: $125.33 / 110,47 € *(volume: 452)* +- 🟩 80 minutes in: $125.38 / 110,51 € *(volume: 399)* +- 🟩 75 minutes in: $125.21 / 110,36 € *(volume: 375)* +- 🟩 70 minutes in: $125.16 / 110,33 € *(volume: 345)* +- 🟥 65 minutes in: $125.12 / 110,29 € *(volume: 343)* +- 🟩 60 minutes in: $125.19 / 110,35 € *(volume: 343)* +- ⬜ 55 minutes in: $125.14 / 110,30 € *(volume: 339)* +- ⬜ 50 minutes in: $125.14 / 110,30 € *(volume: 338)* +- 🟥 45 minutes in: $125.14 / 110,30 € *(volume: 298)* +- 🟥 40 minutes in: $125.16 / 110,32 € *(volume: 298)* +- 🟩 35 minutes in: $125.25 / 110,40 € *(volume: 273)* +- 🟥 30 minutes in: $125.22 / 110,38 € *(volume: 272)* +- ⬜ 25 minutes in: $125.25 / 110,40 € *(volume: 272)* +- 🟥 20 minutes in: $125.25 / 110,40 € *(volume: 262)* +- 🟥 15 minutes in: $125.28 / 110,43 € *(volume: 262)* +- 🟩 10 minutes in: $125.31 / 110,45 € *(volume: 113)* +- 🟩 5 minutes in: $125.29 / 110,44 € *(volume: 113)* +- 🟥 0 minutes in: $125.25 / 110,40 € *(volume: 13)* +- 🟩 US close price: $126.16 / 111,20 € *($125.30 / 110,45 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1345. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Outside of capital growth and negative gearing is anyone actually turning over a profit from 1-2 investment properties? +From my very limited discussion with people I know, IP's seem to cost them money, and just generally be a pain in the butt. +We're two software developers who've been experimenting with developing a trading simulator app in our free time for the last couple of months. + +So far we've solved the main challenges and we see that we could pull this off technically. + +But... + +We're wondering if our product idea could be interesting/unique enough to attract a fair amount of users... + +Would love to hear your feedback. + +&#x200B; + +**Here's the idea** + +A trading simulator with real-time prices (stocks, forex & crypto) where the three top-performing users receive real money prizes (probably Amazon gift cards) each week. + +Users can play and participate in the weekly prize contest without any investment or fees. + +But they can also buy in-app purchases like bigger leverage, more assets to trade with, etc. + +Later we plan to add educational content as well. + +&#x200B; + +\****Due to popular demand, here's the*** [**signup page for the beta testing list**](https://threeinvesteers.com/) + +&#x200B; + +**The problem we could solve** + +As I see it, the main issue with most of the existing paper trading simulators is this: + +**Your trading psychology changes when there's nothing on the line.** If you can't lose and/or win anything real - you make completely different choices than you would when trading with real money. + +And, as we all know, psychology is one of the main aspects a trader has to master. + +Thus, the average demo account simulation is too far from reality and quickly gets boring. + +Our app would be as close to the real thing as possible for a simulator, while still being risk-free for the users. + +&#x200B; + +**Question** + +How do you guys think - should we proceed with this idea or would we be wasting our time? Would you be interested in such a project? + +Perhaps you have some ideas about what features/angles should such a simulator app have to be interesting enough? + +Over and out. + +&#x200B; + +***Updated the post with screenshots as per commentators requests:***