diff --git "a/reddit_finance_43_250k_260.txt" "b/reddit_finance_43_250k_260.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_260.txt" @@ -0,0 +1,10000 @@ + +[Trading simulator screens](https://preview.redd.it/dsxhb2x7d1x71.png?width=3999&format=png&auto=webp&s=4c4dea042f47975efeedcee4ef2e93491628d885) + +[Pattern educational section](https://preview.redd.it/l680spuuh1x71.png?width=1908&format=png&auto=webp&s=0554caa96da5ff1c96c5b827b757499a7b103280) + +&#x200B; +Long time lurker to this sub and I've seen hundreds of posts mocking TA as astrology, fortune telling, or witchcraft which I never understood why. + +I have a strategy which is based on the NNF strategy framework (trigger, baseline, confirmation, exit indicator, position sizing etc) exclusively built on TA which has been backtested and in production for a little over a year now and is still chugging along. It doesn't pump out huge numbers nor is it as sophisticated as statistical arbitrage and other HFT strategies, but it gets the job done and has beat the market over the past 5 years. + +Welcome any perspectives. +I am looking to buy a place in Bristol as a FTB this summer. Would it be a bad idea to buy the place and live in it for a year and then go travelling for 2+ years? + +- Would I need to remortgage to a buy to let while I am away? + +- Do letting agencies require you to change mortgages if you are renting out a place even though it is your only property? + +I can afford my own place finally but I don’t want it to become a headache if I go away for a few years. I can’t afford to pay off my mortgage while I am travelling so I would need to get a tenant. + +Thanks so much UKPF bros +**“Markets are overreacting to short-term sentiment around a whole bunch of complex issues,” Dimon tells Fox Business.** + +**Source:** [**https://www.cnbc.com/2019/01/08/jamie-dimon-says-the-stock-market-overreacted-no-recession-ahead.html**](https://www.cnbc.com/2019/01/08/jamie-dimon-says-the-stock-market-overreacted-no-recession-ahead.html?__source=newsletter%7Ceveningbrief) +Happy Day before Market open everyone! + +That's right tomorrow trading resumes on probably the best stock around, and I'm gonna cover what I think it might do. + +If you guys haven't gotten a chance check out [my interview with Houston Wade](https://www.youtube.com/watch?v=n-kxyyUweyI) this last week, the feedback has been pretty positive and it was nice to sit down and talk stonks with someone who is also bullish on GME. + +This Wednesday, the 11th at 4pm EDT/UTC-4 I will be sitting down with Jaime from over at Tradespotting for an hour or two after market close. + +I know a lot of people might disagree with these moves, but I think it is important to get the word out about GME. If traditional media continues to cast GME in a negative light there should be some content out there that highlights GME in a way that logically supports the short squeeze thesis and is easily digestible by the public. If Mo', Kohrs, and Trey can slide bananas into each others DMs all day for the popcorn stock. Then there is no reason GME content creators should not be doing the same. + +While new apes should always be referred to these subs to gain a basic understanding of the stonk, it's potential, market manipulation, and systemic abuse that surround it. Recent data shows there are a lot of apes out there that may not know of these communities or have access to the information within them. + +I hope by doing these "fireside pickle chats" we can spread the word to more hodlers. + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. This will be uploaded by... + +9pm EDT/UTC-4 + +and now the crayon drawings you all came here for... + +# Part I: Technical Analysis + +**Section 1: Previous Analysis** + +So the first thing I wanted to go over was last weeks TA where it failed and where it didn't so you guys can have a little bit more continuity in these posts. I was looking for a double bottom bounce on that 162.50 resistance this had a potential to fail of 21.45% and we ended up following the more bearish possible trend. We did however find support and possibly a bounce on that lower ascending resistance. I'm gonna wait for more price action this week to come in but based on the option chain, buy pressure at 148-150 is too high for them to drive it below that resistance, which is a strong indicator of a bounce buy > sell = bounce. + +[Previous weeks TA and how it played out](https://preview.redd.it/easjafhk86g71.png?width=1751&format=png&auto=webp&s=b0581b54a73463850e0871ce2d66df7c0bd337ef) + +**Section 2: The Ascending Triangle** + +So now we are gonna take a look forward at where I expect this weeks action to take us. We have turned around pretty close to the long term trendline that support the ascending triangle formation so I expect this bounce to pick up some steam this coming week but will outline the possible downwards price action none the less. + +[Forward looking TA for this week on the 1D timescale](https://preview.redd.it/tbtwt8eqa6g71.png?width=2465&format=png&auto=webp&s=cf7eade31bcf7d6165f48dd0b51f702c240d7ddd) + +So I tracked possible price action of bounces on this same trendline in the past and one major difference I want to not is that due to our current volume these may not reflect as accurately as I would like, but I think they can still give us a reasonable look at where we may be headed. + +Bullish Trend Prediction: + +[Bullish trend prediction on the 1D Timescale](https://preview.redd.it/4iqo91uub6g71.png?width=2455&format=png&auto=webp&s=8105a97d574e43d53ea3c0770c102a507234ee6c) + +Bearish Trend Prediction : + +[Bearish trend prediction on the 1D timescale](https://preview.redd.it/uyxt5qwjc6g71.png?width=2451&format=png&auto=webp&s=8bf768e18245c0313a46cd6ab2dfddc9a32d4eb3) + +So this week actually looks like a bit of a coinflip as to where we will end up both trends have about an equal chance of playing out based purely on the TA. Additionally, if the bounce fails we could chop along that lower resistance for about 3 days until we get more confirmable upwards action. + +[Possible chop on low volume 1D timescale](https://preview.redd.it/5k5yxhend6g71.png?width=2456&format=png&auto=webp&s=8d1ffd0261e4f5d16f3f48568a1fd997fa1b4434) + +So let's take a look at some other indicators and see if we can get a bit more insight into which trend is more likely to occur. + +**Section 3: Other Indicators** + +**MACD** + +So last week we were taking a look at a false signal that got thrown on MACD after the first share offering and were expecting a bit of a repeat of that pattern before we saw any upside. + +[MACD on the 1D](https://preview.redd.it/atmkby1lf6g71.png?width=1772&format=png&auto=webp&s=c3e5753ff8da731da5338479be5b2311a3c513f0) + +It looks like we have 1 maybe 2 days of flat or slightly down before we flip to the upside if the false signal pattern is repeated. + +Something to note, we have already crossed over on the 4h timescale and it is very possible that this move will soon be reflected on the 1D. + +[MACD on the 4h showing a bullish Crossover](https://preview.redd.it/9k45mlp1g6g71.png?width=1766&format=png&auto=webp&s=a321d2a17c47d92fecccfbd8c5fd9507da892770) + +**Stochastic RSI** + +Still trending up on this signal the D% has now started to move up out of overbought and is signaling momentum to the upside with quite a lot of range. It does look like if we repeat the pattern from the previous cycle we may see another day or so of sideways action . + +[Stoch RSI on the 1D](https://preview.redd.it/c32228apg6g71.png?width=1771&format=png&auto=webp&s=72269a3386537e160fa3fe767bff3d0a75cbe9f2) + +**RSI** + +RSI-6 moved up out of it's second lowest dip since the share offering this year and is showing some consolidation right at oversold (30.33). + +RSI-14 Bounced of of it's lowest dip since February of 2020 (29.95) just under oversold, and is also showing a bit of consolidation. + +Both of these seem to be showing a day or two of consolidation before a move upward. + +[RSI on the 1D](https://preview.redd.it/v6g1am3th6g71.png?width=1765&format=png&auto=webp&s=4f79f9f8200080315dd9356ce6949933c894744c) + +**Section 4: TA Conclusion** + +Based on the analysis and factoring in the indicators here it looks like we are most likely going to consolidate for the next 1-2 days between 150-162 before seeing a move up to test 180. + +TLDR; even the possible downtrend looks pretty good this week + +# Part II: The Market + +The market is continuing to look unstable as it remained mostly flat this week. There looks to be some prepping by large banks to get ahead of a possible collapse, which can be seen in BOA's issuance this week of $123B in bonds and JPOW's announcement of the failed liquidity tests, requiring banks to post another trillion each in additional liquidity, to support margin requirements. + +On the bull side of this the infrastructure plan has cleared the senate and could continue to prop up the current bull market sentiment for a while longer, as the federal government continues to attempt to fix fundamental issues by throwing more liquidity at it. This can still further increase possible future inflation even though it may prevent a correction or crash for a while longer. It will also likely lead to a further increase of the P/E 10 which we will cover in a second. + +So let's take a look at the SPY this week not a lot has changed since it has mostly traded flat it has continued to move further away from the chance at regaining it's long term trend. + +[SPY and possible correction zones moving into this week 1D timescale](https://preview.redd.it/bendzapsj6g71.png?width=1756&format=png&auto=webp&s=bfe8c8b65c9fc39656449a34e2d13ce3d7a3f6aa) + +The Schiller Index or P/E 10 now sitting at 38.54 up .36 this week and the highest since I started tracking it. With the infrastructure plan coming in I expect we may reach or surpass the dotcom bubble shortly. + +[P\/E 10 up .36 from last week](https://preview.redd.it/egmabl6wk6g71.png?width=1016&format=png&auto=webp&s=5403508e8ae29ebbd162f67ece3703d448176d45) + +# Part III: Conclusion + +With more bullish sentiment about to be dumped on the market from the Infrastructure Bill. It appears SHFs who may have been banking on a market crash to increase their net capital (possible theory for the amount of capital dumped into "can kicking") and possibly shake some paper hands, are shit out of luck. GameStop is definitely looking bullish this week probably testing 180 and possibly closing the week at that resistance. IV on OTM contracts has been picking up on GME as well which means MM's are also expecting an upside move. With our liquidity the way it is and bid/ask spread getting wider every day a solid break of 180, on good volume, could have **violent upside potential**. + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on our community [Discord](https://discord.gg/BGmjnrvHnw) + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) + **TL;DR** u/MustbetheEvilTwin sent several concurrent **FOP** Transfers from a Swedish broker (**AVANZA**) to **IBKR**. Somewhere along the line **IBKR** received more than Was sent. MbtET was then able to **DRS** his shares plus the new extra ones to **CS** + +Point to consider What is interesting to me is not what was gained ( MbtET will be fixing that) it’s that it was even possible to create shares from nowhere. Anyone doubting the DD this proves that the whole system is based on handshakes and promises and not actual shares. + +It should be impossible to **DRS** shares to **CS** when He did not buy them. But due to ***t+*** loopholes it possible to game the system. + +He did this by accident and I’m a smooth brained ape - imagine what a shf fuk could do with training, and millions in backing. + +The how + +MbtET has been on a long and at times difficult journey to **DRS** shares to **CS**. After struggling with **AVANZA** to **drs** directly He eventually set up an IBKR account and FOP to it. This resulted in several FOP transfers being initiated at the same time, for a verity of different reasons. Everything was fine for the first 1-2 but then the third and fourth (for 14 and 23 shares respectively) went well, but then odd things started to happen. + +Upon was checking his account 2 days later It seemed he had more shares in the account than expected. + +Now you might wonder why He did not notice straight away . Well this was in Aug - where We europapes were on a mission to DRS and so He started to diversify brokers to try several different ones ( Again in Europe so it’s not straightforward and this was before all the how to **DD** was done or list of brokers that facilitated it). + +This led to MbtET spreading resources and buying in different brokers and at different prices … We keep a spreadsheet of holdings. But it’s still needs updating manually. + +Any way MbtET has more money than sense (smooth brained ape) and ended up with 37 more in IBKR than expected. But He checked with them and they reassured him everything was fine. And then when He checked **AVANZA** He saw that He had transferred 37 shares in total as expected (I.e the 14 &23) and He assumed this to be correct. + +1 week later MbtET then DRS shares in all stocks from **IBKR** to **CS**. + +The total is xxx now but this does include 37 more than I paid for, as he had FOP 14 & 23 but also one for 37 (good red wine may have been consumed) + +These shares where created out of thin air in a technical mix up from **AVANZA** /**IBKR**. But now they are held in his name in **CS**. + +Fixing the problem **IBKR** have asked MbtET to check the account as they think that is something amiss ! Lol . Which is how I found this out. They have made threats of closing positions to fix the problem ( good luck with that as my account is now empty as everything is in **CS** IKBR are only transitory for us euroapes) . MbtET will be speaking to them on Monday and will probably have to pay for the 37 phantom ( luckily He has cash for this as was planning on buying more to drs ). MbtET does not want to be margin called by them . So will get this sorted as soon as I can. +*x-posting this to a couple of other crypto subs because I think this is a good article* + +I think this is a pretty good article, so I decided to translate it from Russian for the crypto community. It may even save some of you from doing bad investments, and maybe see what direction you should look in, and maybe shed some light on the possible future of the crypto. + +I find that the crypto waters are murky today and Vitalik's thoughts make it clearer for me. + +[Link to the source on Rusbase](https://rb.ru/opinion/buterin-rock-and-roll/) + +--- + +In 2017 the Ethereum founder Vitalik Buterin made it to the top ten of the most influential young people according to the Fortune magazine. Some call him the crypto god, some – a crypto-anarchist, and some just idolize him. + +Any rumor on Vitalik affects the Ethereum exchange rate and costs or makes the Ethereum holders large amounts of money. + +Rusbase attended an open discussion with the rock star of blockchain and got to know what the 23-year-old genius thinks and what happens in the industry. + +**On himself and Ethereum** + +1. How did I become interested in blockchain? There was a moment when I realized that this is a very interesting technology with strong mathematics and then I understood that there was a serious concept behind this, a transparency system. A community of several thousand people created their own financial system. This idea is very close to me. I like building something that no one has ever built before. + +2. Creating Ethereum was not a question of money, it was a mission, an idea that you want to follow. + +3. In 2011 I learned about bitcoin, and six months later I cofounded a bitcoin magazine [Bitcoin Magazine – Ed.], two years later I was in the university [University of Waterloo - Ed.] and I was spending 30 hours a week on bitcoin programming tasks. Then I dropped out, traveled around, and watched blockchain projects develop in different countries of the world. In Israel, USA, Europe. + +4. The idea to create Ethereum was not an immediate one. At first, I pitched it in the project that I worked in. But I was told it'd take a year to complete it. Then I quit. I remember walking around San Francisco, thinking, and then I just wrote a white paper and sent it to my friends, and they shared it with their friends. And it all started. + +**On mining** + +5. The role of mining will decrease over time. This trend is not promising. + +6. Mining as a business... This happens when you have your own source of energy or a subsidized source of energy. Then this is profitable. But anyway it's better to move towards the blockchain application, not speculation. + +7. If you want to invest money, invest it in R&D. + +**On the blockchain prospects** + +8. The first and the biggest blockchain prospect of the blockchain development is the financial one. This is cryptocurrencies, smart contracts, and state registry. For example, now it takes you several weeks to sell a house, whereas it can take just 3 minutes. + +9. Besides the financial area, I'd say the following areas are prospective: the Internet security; the logistics; anything that has to do with identity; a more expensive but also a safer information storage. + +10. The advantage of the blockchain is that there is a lot of data in the network that you can use for different purposes. The simplest example is the smart contract that lets you decrease the need for other types of insurance. + + **On ICOs** + +11. The problem with ICOs is that someone makes something useful for a very small amount of people. Everyone sees now that there is open source software where you can make money easily. The developers now have the option to keep working in the basement or buy a Lamborghini. + +12. There are now so many projects where the token is absolutely useless and people just want to make a lot of money. + +13. The ICO concept is too centralized. The problem is that people evaluate the idea and not the team behind it. The investors put their money in the idea and there is no guarantee that the team will actually manage to do it. I think one needs to keep an eye on this and keep investing only if it's successful. And a better way would be to invest in the idea and not a specific team as there should be several teams competing for the investments to implement the idea. + +14. The moment will come when the market realizes that many of the tokens that exist today have no value. + +15. Tokening must have a purpose. The majority of the ICOs today don't have any backing and will fail. + + **On the cryptocurrency prospects** + +16. I think that the cryptocurrency will not replace money 100% but in 20 to 40 years there's going to be a lot of different cryptocurrencies that will be used together. + +17. The number of cryptocurrencies is going to increase. There will be cryptocurrencies for different cities, big companies will issue their own cryptocurrencies, like that Burger King case I heard about. + +18. In 50 years everyone will have a wallet with 15 different types of cryptocurrency and you will be able to use them to make payments. + +**On the blockchain security** + +19. There is a paradox now. The purpose of the blockchain is security. But the blockchain is a new technology that has security issues. + +20. Right now you can safely use blockchain where no one will take damage if the blockchain breaks. + +**On Russia** + +21. Attracting the investments based on blockchain is a very interesting thing for Russia, especially when you consider the imposed sanctions. + +22. The expertise of the IT professionals in Russia is high, but there's just not enough of them. + +23. No other country has the same degree of the desire to implement the technology. In Russia any place you go – everyone discusses the blockchain, everyone is fascinated by it: from the higher officials to the small time entrepreneurs. + +24. The blockchain in Russia needs smaller successful projects to prove itself. + +**On the world** + +25. The blockchain is a part of the bigger trend. The world is becoming more and more digital. In 50 years people are going to have more friends abroad than in their own country. + +26. Southeast Asia is very technological, but they don't have the same amount of interest as there's here [in Russia]. However, people there use QR-codes to sell oranges. + +**A happy end** + +27. The cryptocurrencies are never going to be stable. However, the degree of volatility is going to decrease with the emergence of successful blockchain startups and with the increase in the volume of money in the cryptocurrencies. This will happen in a year or two. + +28. The blockchain now is in Phase 3. Here's what this means: + +* Phase 1: Several hacker anarchists become interested in it. + +* Phase 2: Putin knows what blockchain is – this is the hype phase. + +* Phase 3: The road from the hype to the real results. People know that the blockchain is an interesting idea. People know how to use it and they are already testing it. However, there's still no application on the big scale. + +*edit*: formatting sucks, can't make it right +He was talking about money in the world and how it evolved from salt to the papers that we use today and for which there is gold, so it is the best barter system used by mankind, when I asked him about his opinion on cryptocurrencies, he said, “Cryptocurrencies may disappear within one day and may disappear in a moment if internet go down but not like the money that exists today, as the banks have branches all over the country where you can not only disappear and you cannot lose your money that simple" +Has anyone tried living in hotels long term? + +Currently, I live in the Westside of Los Angeles, but I want to explore coastal California, as well as some inland areas. + +I like variety, so I'll spend half my time in random areas, such as Indian Casinos and remote towns. + +I'll need to come back to LA weekly for business, so I might travel Thursday to Saturday, and then come back to LA on Sunday morning. + +I'm not sure that I'd like Airbnbs, because I prefer a streamlined check-in process. + +Any advice? + +Edit + +* I don't cook +* I don't do my own laundry +I recently got a new computer and loaded bitcoin client on it. + +I had a wallet.dat saved with 500BTC on it ... 300/100/100 was how I loaded it and then I proceeded to do transactions with it for the last month + +Now I loaded my wallet today and it appears all my info is gone EXCEPT the initial 300BTC transaction. I cant see any of the subsequent transactions. + +The wallet is 1JmDpGask6riXwRNNssAGFuR5szpQug8cA + +I cant see any of my receiving addresses, the transactions screen has 1 transaction ... its insane ! + +Today I did a .8BTC transaction from another computer and it showed up, so wtf ? + +My question and area I need help in is where has all the in between data gone ? From Oct 2 until today right before the .8 transaction. + +Please help. I am offering a 5BTC reward. +https://www.cnbc.com/2019/04/11/disney-ceo-bob-iger-says-he-will-step-down-in-2021.html + +Disney CEO Bob Iger said that he will step down from the company in 2021. + +A succession plan is in the works. + +Iger has been the chief executive since 2005. + +OMG I cannot imagine what Disney will become without him. +As title says what is your stocks, bonds, property, cash, crypto, other (feel free to specify!) breakdown? + +I’m curious to see how people have their assets weighted between different asset classes at the moment. + +I think I'm about 45% Stocks, 35% Property, 20% Cash, + +*Edit, as others have suggested, adding any other info you're comfortable adding will make the numbers more meaningful, such as age, annual income and total investment value...* + +And because I need more than 400 characters or this post gets deleted, feel free to say if you have any plans on changing this % split any time soon, maybe you are high cash at the moment as expecting a market pullback soon, in which case will move cash to stocks then etc. +Cathie Wood-led Ark Invest scooped up more shares in Tesla Inc (NASDAQ: [TSLA](https://www.tradingview.com/symbols/TSLA/)) on Tuesday, a day after the money managing firm resumed buying shares in the Elon Musk-led company. The stock has plunged 37% in a month in the backdrop of production issues in China and the billionaire entrepreneur’s bid to buy Twitter Inc (NYSE: [TWTR](https://www.tradingview.com/symbols/TWTR/)) for $44 billion. + +The popular money managing firm bought 26,081 shares — estimated to be worth $16.38 million— in the Austin, Texas headquartered electric vehicle maker. + +Tesla shares closed 6.9% lower at $628.16 on Monday, sinking to their lowest levels since June. The stock has declined over 37% over the past month and over 45% since April 4, when Musk revealed a significant stake in Twitter. + +Ark Invest had been booking profits in its Tesla stake since late February before the EV maker was hit by strict COVID-19 curbs in Shanghai, until Monday, when it resumed buying. +Guys wanted some input. + +I’m 36, nw around $8m. Stock in my company finally unrestricted after going from $3 to $68 to $30 recently during the correction, back up currently at $50, all in the last year. Thing has multiple 15% rippers or dippers on any given week. Currently sitting on about $6.5m in shares pre-tax. + +Wtf do I do?... My goal is to get up to $10m cash tax paid clean and lend it out at 14% hard money 2:1 LTV on real estate. I am doing it on a smaller scale with roughly $1m now and it’s worked well for about two years. + +Definitely going to hold some position in my company but trim it and diversify in the market and other places. I am still down several million from just a few weeks ago, but up several million from the recent bottom. I’m literally gambling millions at this point and while I can stomach some pretty big swings, watching financial freedom come and go back and forth in the course of days has been pretty tough. Hard decision, either going to lose millions or miss out on millions... but keep erring on the side of caution saying one in the hand better than two in the bush here. Market toppy and confused and scaring the shit out of me, especially in a small cap growth stock up 1500% in a year with no REAL liquidity in a panic. + +Little more background unmarried but ltr w 1 child + 2 others I raise = 3. Spouse not working. Current income $300k/yr (could be higher). No state income tax. $1.5-1.75m in other non liquid assets. Have several other investments in private businesses and projects I’m not counting in this number that are not producing income yet and I’ve written off as losses in my mind (but probably won’t be). One thing I’d like to do is pay off my house, finish some renovations in the neighborhood of 800k. This would leave me with zero debt and only about 5k a month in bills between insurance, hoa etc + +Please give me ideas/thoughts/suggestions on how to proceed. +Not sure if this is the right place but I need some advice. + +We had a call today and the company is moving to be work from home based. + +The catch is we are all going to receive new contracts where we will have to take a pay cut based on how much our commute cost us. + +Is this legal? Surely it should be a flat rate not a case by case basis? I travel by public transport and paid over £100 a month to get to work, why should I take more of a pay cut to work from home than the person who lived next door to the office that doesn’t exist anymore? +I'm coming to the end of my placement year and it's made me think a lot about work satisfaction vs salary. + +I've been working in an analytical chemistry lab for the last year and I've really enjoyed it however the salary isn't great (£18-£21k starting). + +The company I have been working for has incredibly high employee retention due to a great working environment (flexible working hours, good management, lots of freebies during stressful times etc) and a fair few people who leave seem to come back a few years later. Because of this, upwards progression is generally quite slow. + +My partner is currently on 36k a year with lots of room for upwards progression and believes I shouldn't worry too much about my salary as long as I enjoy what I'm doing. We want to get married and buy our first house in the next 5 years or so however, and I want to be able to contribute fairly in this. + +I know that there are opportunities for me to earn more if I choose a career in a different type of chemistry, a different company or even something not chemistry based, but is it worth it? + +How did you make the decision between getting a job with a good salary or a job you thought you'd enjoy? +Just remember guys… Bitcoin went from $31 to $2 in late 2011, $266 to $100 in mid-2013, $1,242 to $600 in late 2013, $900 to $550 in early 2014, $600 to $200 in 2015, and $1100 to $750 in early 2017 to get to where it’s at now. Just hodl (or short) and stop stressing so much :) + +Hello Apes- B\_T here, I'm coming to you today with an update about the community banner! + +I've been keeping an eye out on the submissions for the contest, Though... unfortunately, there haven't been many, we've only had 11 people sign up😅. ***BUUUUUUUuuuuuut*** I wanted to bring to everyone an idea that I LOVED that was thrown around the sub this weekend: + +The r/Place event was a really great effort by our community and really just so much fun. Some have suggested cutting the banner contest altogether in favor of making the top part of our r/place poster the subreddit banner. I think this idea is fucking awesome: + +https://preview.redd.it/gskoox2fsxr81.png?width=1652&format=png&auto=webp&s=5ca50090248da959bb8b273f9df7e248ac299286 + +I really like the r/place banner being adopted for the sub. For one, I think it's hugely symbolic of what the apes can do when they work together towards a common, clear goal. This banner perfectly encapsulates "Apes together strong". Not only that, instead of the banner being made by only one ape, it's a banner made by our whole community's joint efforts, which I feel is so very fitting. In preparation for this post, I have prepared an edited, banner-ready version for everyone's approval (proper aspect ratio, stray pixels removed. etc) + +[I propose this be our new Superstonk Banner ](https://preview.redd.it/7f2l5ilfvxr81.png?width=2705&format=png&auto=webp&s=797dd2d0eaf012d38860c315f25ada1d808f67b7) + +So please vote below on the poll on how we should go forward. Either we continue the banner contest (pending more entries of course), or alternatively, we could use this collaborative r/place banner. I leave the decision in the Ape's hands: + + +**Edit: I will likely be putting up another vote after this one. We want to make sure we are attentive to what the community wants, and given the support for** u/BoltFlower**'s design, it seems like the way to go.** + +[View Poll](https://www.reddit.com/poll/txrp4c) +This is not a rant post, I just want to acknowledge the humor. Literally every time I've deposited money into my m1 account, I have had a down week. + +My last deposit I waited from my usual deposit schedule for a down week (last week) thinking that I'll beat the majority of the loss.... lol nope. My first journey in investing was March, 1 month before the big dip. + +Honestly that helps me feel better. I dont have the huge sense of panic I did before. I do have a set threshold which I will withdraw if I hit it, but I dont see things getting that bad. + +Here's to hoping that we are seeing the worst of the dip today! +My latest explanation to new people interested in Ethereum is the title. People understand the internet and it is easy to explain the connections between the internet and the blockchain. Even better, older folks tend to realize what a newfangled sketchy thing the internet sounded like at the time of its public debut. + +Before the internet, distance drained society of a whole lot of money. If you wanted to transfer information you had to pay shipping fees. You also could not work remotely nearly as effectively if at all. There are other things you couldn't even pay to do, like have a face to face conversation. Distance was valued. Brick and mortar stores capitalized on this and dispersed their locations to be as close as possible to people (customers) while not overlapping their locations. Distance kept people from connecting. Enter internet. Distance starts to be cheaper. Now people work from home and shop for products that sit in warehouses states away. Brick and mortar stores lose out because they invested in distance. Many other companies that depended on capitalizing distance lose out. People think positively of the internet as it has made the majority of people's lives easier and more convenient. + +If we all are right and the blockchain is the next internet we might say: + + +Before the blockchain, trust drained society of a whole lot of money. If you wanted to transfer value you had to pay banking fees. The banks capitalized on the fact that trust was an expensive and rare resource. So did insurance companies, notaries, the government, lawyers, and more. You could not enter into an agreement with another person unless you involved one of these institutions. Trust kept people from connecting. Enter the blockchain. Trust starts to be cheaper. Now people enter into agreements and exchange value with people they haven't met, with no trusted third party. Banks and others lose out because they invested in capitalizing trust. People think positively of the blockchain as it has made the majority of people's lives easier and more convenient. + + +The internet solves the where problem, the blockchain solves the who problem. The internet transfers information, the blockchain transfers value. +# 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* +Brain so smooth you could use the surface as a mirror in the James Webb telescope. + +&#x200B; + +Nobody knows what will happen when we register the float, but to me the most obvious initial outcome is going to be what we just observed with Ally and Apex. **They deny our requests.** + +&#x200B; + +It may be we are actually really close to locking up the float so this is a pre-emptive move to stop us or slow us down before someone has to step in (e.g. share recall by Gamestop?), but why did we think they were just going to let us bring to light their corrupt system without any interference? + +&#x200B; + +DRS IS WORKING. +Was at the mall today in oregon to return some stuff then drive back home. Could not find a parking spot because of all the traffic. Foot traffic in the store was crazy. In stores like columbia, nike, north face unbelievable lines for billing. People spending like black friday here. Starbucks was busy af as well. In my apartment complex the leasing office is filled with online shopping parcels. + +Was looking at redfin to checkout an address and saw a lot of homes in a normal neighborhood 10 miles away just sold an like 5 homes with avg home price of 900k from july to September 2022. Who has the money to buy at these interest rates? Car prices are still on cloud 9. All my tech sector friends still have their cushy jobs and some bought 1 million $ homes in CA. My friends work at FAANG and tesla. + +If you don’t look at stocks everything looks normal. There is still crazy price increase in rent, groceries etc. the home prices are not in decline at all. Assuming they went up by 30-40% a 5% correction doesn’t make a dent. + +I don’t see a recession right now. Nothing close to it. But why are stocks and tech sector falling? Am I missing something? Am I poor or the people around me too rich? I make 120k working in utilities sector. +I also chose the cash option if I were to go with a debit card the fee was going to be 320 dollars + +Do you see the money being made? Does it make sense now why they try to fight a public ledger that anybody can view and use? + +Borderless currency without those greedy entities telling us what to do + +I’m butthurt + +Edit1 : I did not use cryptocurrency because there is no fiat gateway for them over there + +Edit2: spelling mistakes + +Edit3: sad story but even if I did use cryptocurrency assuming I do not own anything at the moment, I would have to buy , wait 5 days for the bank transaction to clear, then send it over there then they’d have to sell it and wait 5 days for it to be deposited in their bank account. It’s a hassle! +InnerScope Hearing Technologies, Inc. provides hearing aids and its hearable, and wearable personal sound amplifier products to retail hearing aid dispensing community. The company engages in the provision of manufacturing and direct-to-consumer distribution/retail of hearing aids, personal sound amplifier products, hearing related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. + +**Pros:** + +* They are a stable company with real products and real reviews. You can buy their hearing aids at places like [Walmart](https://www.walmart.com/browse/health/hearing-aids-amplifiers-accessories/innerscope-hearing-technologies/976760_1005860_5455166?cat_id=976760_1005860_5455166_5260629&facet=brand%3AInnerScope+Hearing+Technologies) or [Sears](https://www.sears.com/health-wellness-daily-living-aids-hearing-aids-accessories-hearing-aids/b-5008949?Brand=InnerScope%20Hearing%20Technologies&filterList=Brand). +* Their products are [FDA approved](https://www.globenewswire.com/news-release/2018/05/30/1513836/0/en/InnerScope-Hearing-Technologies-Receives-its-FDA-Class-I-and-II-Importers-Clearance-on-their-ALPHA-Brand-Hearing-Aid-Device-Products.html). +* The president, Matthew Moore, is very active on Twitter and is 3rd generation in the hearing device industry. He knows the technology and its target very well. +* Mass production ready. [Can easily produce up to 10000 devices per month](https://i.imgur.com/hy85aQg.png). +* [Hearing aids market to grow exponentially and hit $14.45 Billion by 2020](https://www.globenewswire.com/news-release/2020/11/09/2122531/0/en/Hearing-Aids-Market-to-Grow-Exponentially-and-Hit-USD-14-45-Billion-by-2020-Derive-Gains-from-Innovations-in-Hearing-Aid-Devices-says-Fortune-Business-Insights.html) with more than 52 million people in North America that need hearing aids but don't have it. +* They provide [cheaper but high quality alternatives](https://i.imgur.com/sPZIW6e.png) when compared to $EAR. +* There is a [law already passed by congress in 2017](https://www.nytimes.com/2020/12/14/health/elderly-hearing-aids.html) that allowed shops like Walmart or Walgreens to sell hearing aids that is awaiting for the FDA regulations. The deadline for these regulations was August 2020 but it was delayed because of the pandemic. There is a big pressure for FDA to create these regulations and this can happened in the upcoming weeks or months. +* $INND is expecting a [1000x](https://i.imgur.com/4U9TJaK.png) sales growth when the this over-the-counter law is in effect. +* They have other products like daily multi-vitamins that you can buy on [Amazon](https://www.amazon.com/dp/B0855GL3J1?ref=myi_title_dp). +* Will [not](https://i.imgur.com/TctUbAL.png) do a reserve split. +* With a market cap of $25 million, it still has a lot of room to grow. +* **Their unattended** [Automated free hearing screening Kiosk & Point of Sale Kiosk](https://www.innd.com/hearing-screening-kiosk) **that they plan to deploy to groceries stores and helthcare locations.** + * [InnerScope Hearing Technologies signs an Agreement with Pursuant Health Inc. to launch its Hearing Loss Information Center to all 4,618 of Pursuant Health’s Wellness Screening Kiosks inside all Walmart and Walmart Neighborhood Market locations nationwide by June 2020](https://www.globenewswire.com/news-release/2020/03/30/2008289/0/en/InnerScope-Hearing-Technologies-OTC-INND-To-Launch-Hearing-Loss-Information-Centers-In-Kiosks-At-4-618-Walmart-Locations-Nationwide.html). + * They've had this deal to launch this service inside +4000 Walmarts for quite a while that has also been put on hold because of the pandemic. + * These kiosks are a gamechanger and will put them in a unique position, way ahead of the competition. + +**Catalysts:** + +* [Becoming current in the next 50 days, with the removal of the STOP sign](https://i.imgur.com/n8x3Y9h.png). +* [Will uplist to OTCQB and plans to uplist to a bigger exchange after that](https://i.imgur.com/n8x3Y9h.png). +* OTC law will be in effect anytime now. +* Will announce [retailer partnerships](https://i.imgur.com/DYYDtSZ.png) in the upcoming weeks with big playes. +* They've said there might be some acquisitions, + +EDIT: For anyone wanting to buy it on the UK or Europe, check out Interactive Brokers. There are some options for USA traders on the comments. +Looking into investing out of state and looking for advice about how to determine the class of the neighborhood, if its a good market for multi-family investing and a good rental market?? +I’m looking to buy a home with 4-5 people (family members) that’s intended to be a family home. I want to do a 15 year loan to make payments shorter, and by dividing the payments equally between each person. + +I’ve posted a few other times but either got no responses or unhelpful advise. Where can I go to get this done? I need some sort of step by step process if anyone is able to chime in +Sold ATM 38$ put. + +Got assigned. + +Cost basis 35.63. + +Share price now 36.70. + +Sell ITM call @36 +or +Sell OTM call @37 +? + +36 seems more enticing since fatter premium, higher chance of being assigned, and I’m already profit at that point. + +Thoughts? +Hello again /r/financialindependence, + +It's been a few years and I finally got around to posting an update. Here's my [last update](https://www.reddit.com/r/financialindependence/comments/92paf7/29m_single_no_kids_just_hit_300000_net/) for those who are interested. + +First off, I wanted to say thank you for all the comments on my last post. I read every single one. They were incredibly helpful and I am forever grateful to have access to this community. + +The goal of this update is exactly the same as the last time I posted: +> First and foremost, I hope that this post can serve as some sort of inspiration for someone or, at the very least, provide some sort of value. Second, maybe someone more experienced than I can give me some pointers. + +So let's get to to it! +___ +**Career Timeline** - updates in bold + +- 2011: $15/hr - Internship while in college +- 2012: $60,000 - Went full time, same company +- 2013: $70,000 - Graduated, same company $70,000 in student loan debt. +- 2014: $80,000 - Performance increase, Promotion to tech lead, same company +- 2015: $85,600 - Performance increase, Promotion to manager, same company +- 2017: $91,000 - Performance increase, same company +- 2017: $20,000 - Sold all my stuff and moved to Central America, did some coding on the side +- 2017: $110,000 - Original company recruited me back to start an office in South America, Director of Engineering +- **2018**: $20,000 - Job was sucking the life out of me, embarked on a motorcycle trip through Central America. Did some coding on the side. +- **2020**: $267,000 - After an almost two-year motorcycle trip across in Central America and Southeast Asia, I ended up stranded in Asia for four months due to Covid. Fear of economic disaster prompted me to look for a new job. Senior Software Engineer at a larger company. + +___ + +**Assets** + +Asset | Amount | Note +---|---|---- +Rental | $542k | nets $1,400/month before cap ex, repairs, and vacancies +Index Funds | $185k | +401k | $78k | +Roth IRA | $40k | +Individual Stocks | $10k | +Cash | $8k | a little buffer +HSA | $3k | +___ + +**Liabilities** + +Asset | Amount | Note +---|---|---- +Rental | $246k | 2.625% mortgage + +___ + +**Investment Strategy** + +I max out my 401k, HSA, and Roth IRA. Moving forward I will have to contribute to my Roth IRA via the backdoor Roth approach as I am over the income limit. I would love to do a mega-backdoor Roth but my 401k provider doesn't allow it. + +Following this, I contribute to my index funds. I'm still pretty much doing the "[Core Four Lazy Portfolio](https://www.bogleheads.org/wiki/Lazy_portfolios#Core_four_portfolios)" with the following allocations: + +Fund | Percent +---|---|---- +VTSAX | 70% +VTIAX | 12% +VBTLX | 10% +VNQ | 8% + +Every once in a while I throw some money at a particular stock or ETF. I currently hold $MSOS, $GME, $ACDVF, $ARKK, and $LKYSF. I'm in the green on all of them except $ARKK but we are in a bull market and I have no clue what I'm doing so let's just chalk that up to luck. It's <2% of my NW. +___ + +**Expenses** + +Honestly, I stopped aggressively tracking my expenses. I know they have gone up largely because I moved back to the United States. I bought a $1,500 car when I got back and my rent is $600/month including bills. I still cook at home. I don't buy a lot of things and I don't have an Amazon account. In truth, I'm more opposed to unnecessary consumption than I am to spending money nowadays. I still keep it pretty light and that's good enough tracking for me. + +___ + +**Previous Comments** + +I did want to address some comments from my last post: + +> /u/WoodKlearing Unless I’m misreading the numbers, ditch the rental immediately. Huge liability for a paltry return. You can get out and easily make way more in the market with no hassle. + +I just love that you used to word paltry. In all seriousness, a lot of you were telling me to ditch my rental property. That was, and continues to be, the right choice but I have been a lazy boy. Luckily, since my last post, the house appreciated over $125,000. Assuming the market holds, I will sell this property once the tenants move out later this year. + +> /u/electroze Gauging by your post you might put disproportionate time into cutting expenses instead of increasing income. There's diminishing returns on cutting expenses, but not necessarily on income- the sky is the limit. + +> /u/BusyMom1234 Do you love your job a lot? You are losing money by just staying in that job. $110,000 for a director in tech? Unless you love that one, time to switch! Engineers can earn more than that. + +> /u/kshdhsjks If you’re in tech, you should have been making $130k every year for eight years already. You’re great at saving... but you need to focus on income generation. + +These comments changed my thought process and were inevitably what lead me to pursue a higher-paid position. + +> /u/mansausage Um, you think $3k in individual stocks was a bad idea but you have $20k in crypto? + +It wasn't surprising to see a lot of crypto hate in the comments given the sub. I ended up with about $80k in crypto from that initial $16k investment before I sold it. I'll be buying back in if it crashes again. I believe in it. + +> /u/Bryanhenry How did you make that graph of expenses ? Sorry im sure this has been posted 1000000 times + +It sure was. I was using a Chrome extension called Sankey Snip but switched to using [this website](https://sankeycash.com/). + +> /u/kshdhsjks I have no idea why they are paying you so little money and I have no idea why you’ve moved away to experience life with so little real work experience. Forget Chile. Move back to the US. Get a real job with your fancy title. + +I have gotten a few comments like this. Refer to the **Final Words** section of my [original post](https://www.reddit.com/r/financialindependence/comments/92paf7/29m_single_no_kids_just_hit_300000_net/) for my thoughts on this. + +___ + +**Salary Increases for Software Developers** + +I wanted to include this section because I know this question will come up if this post gets any attention. If you are a software developer and you are interested in increasing your compensation, I posted [a comment](https://www.reddit.com/r/Bogleheads/comments/m3a50t/investment_portfolio_critique/gqnuk7i/) in /r/Bogleheads with my general approach. It's somewhat broad so let me know if you have any other questions. +___ + +**Final Words** + +It's been a wild ride to say the least. I have clearly been all over the place but I can't say I regret any of it. + +I have been thinking a lot lately about the ["Build the life you want, then save for it"](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/) thread by /u/MrLlamaSC that has been stickied to the sidebar of this subreddit for some time. + +> I had focused so hard on my retirement goal that I almost based my life success on how well I was doing on getting to that. + +> I got so focused on the potential future that I stopped living in the present. + +> If I'm miserable during the accumulation phase, I'm still going to be miserable afterwards. + +> I look back at the past few years of my life and at my bank account and I would gladly give away a hefty chunk of it and work longer if it meant I could have experienced more of the world and found more passions I could have for the rest of my life, especially with someone I had loved so much. + +> I built my savings but never built my life. + +I see these *"Hit my FI number. Now what?*" posts. You know, that's what scares me the most about hyper-focusing on work and wealth accumulation. Call me a millennial but that, among other reasons, is why I'm so quick to jump ship the second I'm not happy. + +I know not everyone has six-figure salaries. I know not everyone is child-free, mortgage-free, or debt-free. But there's a middle-ground here. And I think we owe it to ourselves to establish that middle-ground and make sure we don't stray too far from it. + +-/u/fz-09 +Morning everyone, + + +Sorry for the really niche post but the main nursing sub is very American based and this sub is well Australian financed centred so here I am and not sure if the folks at the main Australian sub would be any help here. + + +Anyway, I am in my final year of my nursing degree and working as a ward orderly and AIN in NSW health and I will be honest I am having my doubts and not sure if all of this is worth it anymore since this is my future. Maybe its because this sub is getting to my head but it feels like everyone here is on 150k a year and I don't think I will ever reach that even on RN 8 or as a manager. I know the pay is above average compared to other fields but for all the shit we go through such as deaths, tragedies, heavy work loads, responsibility of someones life and even violence from patients I am not even sure if its worth it anymore while you have some white collar office workers on 150k or more. No disrespect to white collar workers I know you guys work hard for your money. On top of that I feel like I need to own high tier 6 figures to even have a chance of owning a property in Sydney or Melbourne. + + +So now I'm considering studying to get into a more lucrative field, not sure what but something that pays much much more. But I'm in my final year and at 26 I feel like I would have wasted my time and I'm so close to the end now. Truth be told the only thing keeping my in this field is babies and children whereas I have long lost my patience and tolerance towards the adult population. I probably am already showing signs of burn out and compassion fatigue when working with adults. + + +So is it worth it ? Any financial or even career tips for a third year student ? Sorry for the poorly structured post, I just finished a nightmarish shift and dead on the inside. + +PS +How do I maximise my income quickly ? I know as a new grad I will be paid peanuts (no surprise there) but I want to increase my income ASAP and willing to work for it. +Currently, I rent out a condo for $1600 a month. Monthly expenses are: +Mortgage - $695 +Strata Fee - $250 +Property Tax - $100 +Insurance - $40 +Rental Management - $70 +So each month I will net $445 and about $400 from the mortgage payments go to the principle. + +If I sell the condo, after fees, loans, etc., I will net $200k. + +Should I sell the condo and use the 200k for a diversified portfolio that pays 8.5% dividends to receive $1417 a month? Or keep the condo and keep renting it out? + +My goal is to have a good monthly cashflow but how would each scenario look like in the long term? + +Edit: when I said diversified portfolio I meant ETFs. +I'll be done uni in Aug 2021 and Ontario loan OSAP interest will start accruing then. I'm guessing by then I'll have \~45k of OSAP loans to pay while I have \~50k across my chequings, savings, and investment accounts (both in TFSA mutual funds and non-registered stocks on WealthSimple). I try to be smart with saving my money and don't really spend frivolously. + +&#x200B; + +I have half a mind to pull out of my accounts and investments to pay OSAP off FULLY as soon as I graduate - the idea of being dept-free is immensely attractive to me so I can start from ground zero and save / invest with the \~5k I'll have leftover after paying. I live with my family and am confident in my abilities to get a decent-paying job (currently doing part-time at $25/hr as a research assistant, so hopefully that'll go full-time after graduating). + +&#x200B; + +What are the drawbacks of paying off OSAP in its entirety as soon as I graduate? I'm seeing a lot of people talking about going on RAP. Can I just pay back fully and go from there? Would a full payment look sketchy to the NSLSC or OSAP? Appreciate any guidance! + +&#x200B; + +\*this may be cross-posted for wider reach. +So I am just doing my usual late night googling about a certain Market Maker for a certain stock...anyway yada yada I found my way to an article from 2019 about Robindahood and how they were fined for some shady stuff with their PFOF. The article listed Wolverine Securities LLC as one of their main buyers so I started looking into them. + +This is where it *COULD* be interesting I don’t understand this stuff super well. According to [this](https://fintel.io/so/us/gme/wolverine-trading) Fintel page, as of May 14th, they own about 1.3 million GME puts. + +Thing is they also own just under 1 million GME calls. Is this normal and they are just hedging their bet? Still weird how they can over 126 million shares in puts. Also this seems eerily close to the 1.1 million puts that popped up from those Brazilian firms. + +But how are these related you might ask? Well [FINRA](https://brokercheck.finra.org/firm/summary/172711) cancelled the firms license in June of this year for not paying a fine of $20,000. Seems like chump change for a firm with over $500,000,000 in GME options (I know it’s not the same as having that money something something option but not obligation). + +On top of that as of July 12th, their registration status with the SEC was terminated. Now this part I’m kind of lost on because it says this is usually done to get a company delisted off the exchange, but I can’t find anything about them being a publicly traded company or historical data besides Wolverine worldwide inc which is likely a subsidiary. The only thing is, that stock is still listed. According to google, after your registration is terminated you have ten days to fix your shit or the delisting is done “swiftly”. It’s been just under a month since theirs was terminated. + +Some more googling shows that this behavior is what some consider “going dark”. *Most* of the time this signals the company has poor future prospects and doing this usually initially causes negative returns. + +Could they have blown up and tossed their short position onto those Brazilian firms? Is all of this just normal behavior!? Find out soon if this gains any traction and someone smarter and more wrinkled than me can actually explain stuff! + +TADR: +Wolverine Securities LLC has a 1.3 million put options in GME and possibly exploded + +Edit: Also just throwing [this](https://www.reddit.com/r/Superstonk/comments/ooptc3/i_aint_hear_no_bell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) here. It’s a post by our boi Atobitt that highlights some of the shady shit this firm has done in the past + +Edit #2: I would like to point out the May 14th date I put is the filing date. The date those numbers are reported from are March 31st. My bad. + +Edit #3: looking at the Bloomberg Terminal data from yesterday, Wolverine Trading owns 13,843 put options but their 13F says 1,384,300. Weird it’s off by a factor of 100. However, the “top” put owner Simplex’s ~80,000 puts is accurate to their most recent 13F. Weird stuff y’all another “glitch”? +We are in our peek earnings year. I’m 46, she’s 48. Kids are 10 and 12. We both usually max out our 401ks and SS limits in the first/second quarter. We have almost no debt, $450k on a home worth $1.6+ at 2.25% for 19 more years. Total liquid investments of about $3 million+ and then some illiquid stuff that’s hard to value but likely close to another $600-$1 million. + +However we are sitting on $300k in cash. IN CASH! Granted this year that’s been fine but WTF? + +We both work in finance and I know she knows the math but come on. I remember when we opened the first 529 in 2010. She was worried that because of 2008 that the money may go down. What’s happened since, half the 529 is growth. We have in state covered for my 12 year old and will likely have my 10 year old covered in 3-4 more years. + +Do we have other sources of liquidity? Yes. A $200k untapped heloc plus negotiated margin rates on our brokerage. Would I want to go in debt for an unexpected emergency? No but our cash flow is such that even if we maxed out the heloc we could pay it off in 12 months on two income and maybe 24 months on one. Or of course sell investments if the markets are up. + +How do you convince your spouse by carrying an extra $150-$200k in cash for the last several years we’ve missed out on maybe $70k worth of growth? So far I’ve just played around the edges (paid off a partnership interest loan a bit faster, bought ibonds). But I look at the stock market today and want to throw $100k at it. + +Any advice on how to convince my wife we’re too conservative? I am also realizing this is going to get worse once we retire. We should be on track to retire around 51ish but I think this cash conversation will get worse when the income stops. + +Edit: thank you all for the reality check. $300k is 6% of our net worth. She’s not wrong and maybe I’m not either but happy wife happy life. I shall pick up and move on and chip at the edges. Thank you. +Citymapper is launching a crowdfunding campaign tomorrow, what are your thoughts on investing in it? + +On one hand, it is still a loss making company, and obviously covid has hit the app hard. + +However, in 2019, it made nearly £6m in revenue. And has only launched it’s paid product in London. So there is plenty of growth to launch in other cities. +Ok so i put some money in to Pineapple power (PNPL) around a month ago now id say. It has a pretty low market cap i think its around £6.2mill. Its a green energy company and i believe they are looking to invest in/buy out other companies within the sector. It seems quite interesting especially with how big green energy is going to be this year. I was just wondering if anyone had anymore information on them or if anyone else has invested in them as they believe they will do well? +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. +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. +This is just a personal observation from a noob but tell me if I'm on to something. + +Only been doing this around 6 months but fortunately I'm in the black (green?) By around 30% + +But I've noticed, every time I hit a new milestone like a 100% profit trade, a 2 bagger, 3 bagger... A $1000 profit on a deal, $5000... + +Inevitably I give some of it back that week. I tend to follow up the success with moves that I later deem to be dumb moves. + +Like this week I held a bunch of SNAP puts over the weekend and sold at the Monday morning dip for a 90% ($4000) profit. + +So I followed it up with APPL and MSFT plays which are heavily in the red. + +Any logic to stepping away from the market for a few days or rest of week after a big score? +**Since a lot of new autists are on here blindly buying options and praying that they make them money. hopefully this helps you lose less money** + +Let me make this as *simple* as possible. Options Greeks are dimensions of **risk** for different aspects, such as time, price, volatility blah blah. Here is what they are and how you can use them to make better trades. + +**DELTA** +domain: price +delta is the greek that has the largest influence over the option, it is a reflection of how the options premium will change as the price of the stock changes. For example, if you buy a call option on a stock that costs 100$ with a delta of .35, you can expect the premium of your option to go up 35 cents if the stock goes up 1$ to 101$. +**DELTA TLDR** delta is the percent risk for the option. multiply it by 100 to get a general percent chance of profit. + +**GAMMA** +Gamma is the derivative of Delta , or the instantaneous rate of change for each consecutive increase or decrease in stock price relative to the option. gamma is to delta as acceleration is to velocity in your high school physics class. Basically, GAMMA is **NOT** linear. +For example, you have a stock that costs 100$ with a delta of .35 and a gamma of .05. if the stock goes up 1$, the premium will go up 35 cents and delta will go up to .40, meaning the next 1$ increase will increase the premium 40 cents instead of 35 cents. +**GAMMA TLDR** The derivative of delta, how much delta will change as price increases or decreases. + +**THETA** +theta is the domain of time, more specifically the rate of decay. Pay extra attention to theta you autistic fucks because this is the reason you keep losing all your money. Theta is the greek that represents how much your option will decrease every day that passes where your option does not move closer in the money. theta increases as expiration gets closer, so when you buy your option 50% out of the money that expires next week, theta cucked you ten times harder than that same option expiring in 6 months. +For example, your option costs 1.80, and has a theta of .1, +this is what your premium will look like as you get theta cucked: +Day 1: *1.8 +Day 2: *1.7 +Day 3: *1.6 +you get the point. +**THETA TLDR** HIGH THETA IS BAD FOR OPTION BUYER AND VERY GOOD FOR OPTION SELLER. A THETA CLOSER TO 1 MEANS YOU WILL ALMOST 100% LOSE EVERYTHING. + +**VEGA** +Vegas domain is implied volatility. it represents how your option will be influenced by 1% increase or decrease in IV. Say you have an option that cost 1$, with a vega of .05, if the IV goes up 1%, the option will go up to 1.05. NOTICE in the current conditions IV is in the hundreds of percent for everything. SO WHEN THIS SHIT STABILIZES YOUR OPTIONS WILL GET DESTROYED BY VEGA!! +**VEGA TLDR** Implied Volatilities influence over option price. increase in IV is good for buyers and bad for sellers, and vise versa. so in general, low IV options are far more favorable for a buyer. + +**RHO** +rho is the domain over interest rates. for newbies, this shit is the least important greek by far, but basically it shows how much your premium will increase or decrease as interest rates go up or down. + +**TLDR** +options greeks are used to analyze how various factors such as time, price, volatility, and interest rates will influence the premium on your option. They are crucial for responsible gambling as they can be used to almost immediately assess the risk the option you are buying or selling has, along with the actual potential for profit. +**Use this information to not lose all your money** I will try to answer questions but probably not. + +**TLDR, TLDR** +[this chads comment](https://www.reddit.com/r/wallstreetbets/comments/flgsk1/options_greeks_for_dummies/fkyhsdk/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +nonspon answers only please + +EDIT: there have been a lot of fantastic answers in this thread. i didn't believe the shop around comments at first as i know supermarkets have different bargaining powers and are highly competitive, but from a 10 min research of my usual shop i got about a 3:2 ratio split lowest price-wise. 10/10 best recommendation im doing this from now on :) +Air France - 17.8% + +Lufthansa - 19.07% + +RCL & CCL Futures - Both over 20% up... + +What is this madness, the day after US bans travel to Europe and coronavirus close down accelerate. + +It's almost nonsensical now. Don't fall for this bull trap. It will be tempting but just see how companies which will face massive material losses are going and you can see this is a senseless rally. + +&#x200B; + +Edit: + + +AAL up 10%. another airline with international routes hit hard.. + +Boeing up 11.7%. who are still not getting much progress on the 737 plus same problems as airbus. + +Airbus up 7.4%. who are having contracts for plans cut or converted everyday. + +Ferrari up 14% who have just had f1 possibly off till july. + +Juventus up 20%... a team which is going to lose millions from season cancellation, shirt sales, player values and wages. + + +All companies with massive losses in this situation. +Periodically a well publicized trade on wallstreetbets will generate a new or renewed interest in options trading. We welcome constructive and civil conversation here from both experienced and novice traders alike. There are lot of knowledgeable folks here that love to discuss theory and strategy. + +A useful collection of information on many subjects can also be found in the wiki and at the top of the weekly safe haven thread. The weekly thread works best when we have a chorus of voices pitching in to help guide newcomers, so please visit there and participate if you aren't already. + +**Current week's thread:** + +https://www.reddit.com/r/options/comments/l4eemi/options_questions_safe_haven_thread_jan_2531_2021 + + +For the newcomers who are joining us due to the recent activity in GME, its important to know that derivatives are not magic money printing products; rather they are one tool of many meant to provide flexibility and liquidity in the market. As such, they have uses in a variety of strategies and can seem overwhelming and complex at first blush. It will take you some time and effort to become comfortable with them, so please give yourself some slack and don't dive in head first because of fear of missing out (FOMO). + +You'll see a lot of traders here talk about how GME can only go up from here, how it's not a pump and dump, the mechanics of gamma squeezes, and how this is unlike anything that's happened before. Many of us see these same discussions play out every few months for the "next big thing", and most of the time what goes up does eventually come down (see NKLA, TLRY, RKT, QS, etc.). + +While we can't and wouldn't discourage you from joining the fray, you should at a minimum give serious consideration to position sizing, max loss, and how much you are truly comfortable losing. Please don't mortgage your house to put on your first, second, or even 10,000th option trade. These resources will help you assess your risk. You can find these and more in the weekly thread. + + **Trade planning, risk reduction and trade size** +• [Exit-first trade planning, and a risk-reduction checklist (Redtexture)](https://www.reddit.com/r/options/comments/9at2fu/noob_thread_aug_26_sept_1/e4ywq0u/) +• [Trade Checklists and Guides (Option Alpha)](https://optionalpha.com/members/guides-checklists) +• [Planning for trades to fail. (John Carter) (at 90 seconds)](https://youtu.be/N5_OkdvPmUI?t=90) +Intellectually, I know that my crypto going up is inherently a good thing. The vast majority of my portfolio is BTC and ETH, so this should be nothing but a good time for me. Pop the champagne! + +However, I have to admit I get nervous when it happens. I start to worry that I missed the boat in terms of putting money into it. It will never be low again. I should have put more money into it when I had the chance, etc. + +Again, I know in my head that as long as I DCA and believe in the projects, I'll be fine and I should celebrate when my coins go up, but I can't help getting this feeling when we hit the ATHs. + +I also get worried a big crash is coming when we hit ATHs, but I think that's just me being crazy. +I posted previously about HOGE 3 days ago: https://old.reddit.com/r/CryptoMoonShots/comments/lrc12a/hoge_has_great_potential_both_short_long_term/ + +We've gained about 100 holders since then, and the dev team has been working hard to turn the roadmap into reality. Some great news this week as we continue to grow the community gives this coin some real moonshot potential: + +# News + +- Brand new website just launched and looks amazing! https://hoge.finance + +- Whitepaper is out: https://hoge.finance/documents/hoge_whitepaper_compressed.pdf + +- The first exchange listing (on Whitebit exchange) is fully funded. HOGE should be available for trading in the coming week! + +- The genesis print of Non-Fungible Tokens for the Hoge community will be available to those who have wallets holding Hoge **before** the WhiteBit listing. The printing event will happen sometime **after** the listing, in the coming weeks. The NFTs look really cool, and if HOGE does actually moon, these 1st edition ones may become quite valuable. + +- Community keeps generating great content. See this video for example: https://m.youtube.com/watch?v=iihqp_YJ0h8 + +- We've had a handful of #dogearmy accounts and two blue checks like/retweet HOGE on Twitter, so HOGE is gaining traction! + +# Past highlights + +- HOGE is listed on CMC, Blockfolio and Coinbase + +- Devs did an AMA with Satoshi Club. Recap here: https://esatoshi.club/hoge-finance-x-satoshi-club-ama-recap-from-23th-of-february/ + +- Liquidity lock + no whales make this impossible to rugpull. + +- Uniswap liquidity is locked for 4 months (https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) + +- No dev / team wallets. All devs bought HOGE like everyone else, and there are only 3 wallets with 1% out of 1400 holders. The Whitebit exchange listing cost $15,000, which was financed 100% through community donations. See the holder list here: https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances + +Subreddits: /r/hogefinance (main), /r/hogecoin, /r/hoge + +Telegram: t.me/hogefinance (it's really a great community, you're welcome to join!) + +My position: ~1 ETH / 1.x billion HOGEs. +Per my Mom's request, I met with their financial advisor today. Both my parents are 80+ and have/'had less than $700k spread out between 2 IRA's and a brokerage account. My Mom was a little worried seeing her quarterly statements. I asked her a few questions and she said she really didn't understand most of it and she just lets the advisor handle things. + +My biggest concern is that he is charging them 1.5% of the balance annually. They only meet with him once a year. Otherwise, he calls them to suggest any changes. (which she doesn't understand, and just says "go ahead"). + +When I challenged him on the expense ratios of some of the mutual funds vs a similar (lower cost) etf, he said the the mutual fund gives them a more targeted approach and often times outperforms etfs, because they are actively managed. (I know this is not true in many cases). I also asked if the expense ratio is higher due to a mutual fund team actively managing the fund, then why does he need 1.5% to actively manage their portfolio? (he didn't like that comment) + +I also questioned why (at 80 yrs of age) their investments were still in 55% stocks vs bonds? When their risk aversion is high? My Mom is more concerned with keeping what she has vs increasing principle. + +I don't want to manage my parents finances, but I think they would be better served rolling their money into a self managed account and holding a few ETF's, while paying a flat fee fiduciary once a year to review. + +&#x200B; + +EDIT: I wanted to add that this money is earmarked for my dads long term care. He was diagnosed with dementia 2-3 years ago. The timeline for this money is 1-3 years. This advisor has known about my dads condition for over a year. My mom could have thought that the investments were going to continue to go up. I don't know what conversations were had about risk. +[Here](https://www.federalregister.gov/documents/search?conditions%5Bagencies%5D%5B%5D=securities-and-exchange-commission&conditions%5Bpublication_date%5D%5Bgte%5D=01%2F25%2F2022&order=newest) is the link to the SEC page which links to the ~~four~~ ~~three~~ FOUR (edit credit, twice, to u/guerillasouldier) regs: + +[Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03875/self-regulatory-organizations-the-depository-trust-company-notice-of-filing-and-immediate) + +[Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03872/self-regulatory-organizations-fixed-income-clearing-corporation-notice-of-filing-and-immediate) + +~~Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework~~ + +[Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03879/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-and) + +edit: I linked twice to one url. I swear there were four, but one fell down the smooth part of my brain like a slide. credit to u/guerillasouldier for help. + +edit 2: Woohoo! /u/guerillasouldier coming in hot with the save with OCC doc scheduled for release 2/25/22. + +[Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change Concerning The Options Clearing Corporation’s Governance Arrangements](https://public-inspection.federalregister.gov/2022-03962.pdf) +Hi! + +I've already set up a watch list for some markets I wanted to explore (India, South Korea, Mexico, South Africa, Singapore, Taiwan) and I'm not too sure how to do my due diligence on these. + +What should I be looking for in my research? I mostly looked up some ETFs but mayby I should be investing on the actual exchanges. and depending on the depth of research I might need to limit what I actually invest in. + +I'm guessing I would need to research politics, diplomacy and exports? +its like basements attract crappy tenants or something? + +&#x200B; + +i'm at my 2nd eviction in 2 years, so 2 for 2 leases. just wondering if others have issues with basement tenants. + +usually basements rent for cheaper so i can understand that you attract financially less stable tenants, but were talking 100$ a month difference between my upstairs that pay the first every month and the people who want to rent the basement. + +&#x200B; + +anyways i cant wait to be rid of her, though i think this was her plan all along. + +pretty much its take 3 months to get a court hearing so, they pull this stunt in Feb or march so that they go rent free till june when i can evict them, which coincidentally is when leases ends, so they just move on to another plan anyways. + +&#x200B; + +i did everything for that tenant, new doors, counters, paint, heaters and this this is the BS i get in return. + +&#x200B; + +My only reward in all this is that she will get a 2nd black mark on her file, since she had hidden the fact this was not the first time she dealt with the rental board, and being evicted. so it will be even harder for her to find a dwelling from now on. + +&#x200B; +Hi Reddit... + +I recently decided to trade into MNS - Magnis Energy as per below. Through out the month's I have been in and out of trades but I believe this will be my last one as it's a huge kick to the stomach. I honestly thought that the stock price would drop a few more pip's as I could buy at a lower price. + +If I held onto so called trade till yesterday I would been up $3968. + +Fucking spewing right now... + +Has any one has this happen to them before ? + +https://preview.redd.it/shi55n6rg1w71.png?width=1266&format=png&auto=webp&s=62a6b1f68f5e7bd6e7c6a9581c810d4f310581a0 +I have over $50,000 in Barclays online banking, I’m very good at saving and not spending, but now with the stock market crashing so much I’m getting freaked out, I feel like my money isn’t safe, I’ve been told money that is in bank accounts is insured up to $100,000, but am I 100% safe to just keep my money in a savings account till this blows over? + +I only just turned 20 so sorry if this is a stupid question. +So recently graduated from undergrad and I landed a job that is double what Ive ever made and a lot more than what most of the people I know make. I feel a sense of guilt because I'm scared if they found out then they wouldnt like me me anymore. this is really hard to deal with. + +additionally where I live, I could buy a house in a few years out right. so the question is, what do I do? how do people live on this much extra income? do I pay things out right? say a years worth of internet all at once or build up and put everything on autopay. + +and how do I approach this with my partner? (only want to hear from someone that has been through this on this part) + +Edit: Im planning on staying at my current residence and car as long as possible. +200k combined income. +We max 401k and Roth IRA. + +After taxes and retirement etc. we have about $7500 take home monthly. + +No debt other than $500 a month car loan, $15k left on it. + +House would be a mortgage of about $2700 + +We don’t spend much on frivolous things but do like to travel. $5-10k yearly on travel. + +We don’t have kids yet but plan to in 3-5 years. + +I’m worried that down the line this will be stressful to pay, but I also know our incomes will likely only increase over the years. We don’t want to be house poor, but still want a nice home. + +Am I over thinking this? +Hi Guys + +Please forgive me. I am pretty dumb with this. + +I have a question for ya: + +According to my financial advisor, they took advantage of the economic downturn and sold a large sum of their client's stocks to "harvest losses". + +They then reinvested the proceeds into similar positions so the overall strategy stayed the same. + +But as a result there is now a large loss that I can use if I ever plan to sell my business (to offset capital gains taxes) + +Was this a good strategy for 2022? Why or why not? + +Thanks a ton + +https://finance.yahoo.com/news/finra-proposes-limiting-access-leveraged-140000511.html + +Under the regulations being considered by the Financial Industry Regulatory Authority (FINRA), you may not be able to buy leveraged and inverse funds and dozens of other popular investments deemed to be complex unless you: + +• Pass a regulator-imposed test of your specialized investment knowledge + +• Demonstrate a high net worth + +• Get special approval from your broker + +• Attest to reading certain materials + +• Go through “cooling off periods” during which you can’t invest + + +You may submit your comments at https://p2a.co/pjM9M1K The deadline for comments is May 9. +For some reason (update: apparently I now have to give my opinion on earnings threads) the previous post was deleted. Very odd, but anyway this time will post the figures in quotes… + +<insert mandatory opinion on earnings> + +Not a bad quarter.. but what does this market really want? + +IMO Apple is the reliable hold in any market. Latest earnings proves it + +<\opinion> + +> Here is how Apple did in the quarter ending Dec. 25 versus Refinitiv consensus estimates: + +> EPS: $2.10 vs. $1.89 estimated, up 25% year-over-year + +> Revenue: $123.9 billion vs. $118.66 billion estimated, up 11% year-over-year + +> iPhone revenue: $71.63 billion vs. $68.34 billion estimated, up 9% year-over-year + +> Services revenue: $19.52 billion vs. $18.61 billion estimated, up 24% year-over-year + +> Other Products revenue: $14.70 billion vs. $14.59 billion estimated, up 13% year-over-year + +> Mac revenue: $10.85 billion vs. $9.52 billion estimated, up 25% year-over-year + +> iPad revenue: $7.25 billion vs. $8.18 billion estimated, down 14% year-over-year + +> Gross margin: 43.8% vs. 41.7% estimated + +> Apple again did not provide official guidance about expectations for the current quarter. Apple hasn’t provided guidance since the start of the Covid-19 pandemic, citing uncertainty. + +https://www.cnbc.com/2022/01/27/apple-aapl-earnings-q1-2022.html +Title. + +It's not beyond unreasonable that analysts at whatever financial news outlet have already bought bitcoin. Kramer previously had 10% of his portfolio in gold, then after talking to anthony pompliano he changed that to 5% bitcoin and 5% gold. Why bring up Mad Money host, Kramer? Cuz he shilled companies that were going bankrupt during the 2008 financial crisis. + +How are youtubers similar to "journalists" in this space? Both make money from you clicking on their content... + +**Right now I really believe the most important information any of us could have access to is the list of people and companies they represent that signed up to Microstrategy's "bitcoin for business" webinar.** + +EDIT: With regards to "bitcoin supercycle" theory... I think the chances of that happening are slim, but I put it at about a 10% chance. I am not a financial analyst, but the one thing that I think would definitely speed it up is IF we see lightning adopted faster - and that takes taproot mass adoption which *might* become a possibility in November? I'd also like to highlight [this thread](https://old.reddit.com/r/Bitcoin/comments/mminc1/i_work_in_private_wealth_management_in_2017_1_of/) in /r/bitcoin seems useful, if the O.P. is telling the truth. His account is only 3 months old, so you have to take it with a grain of salt... +It's been right there the entire time. Right in front of our faces. And I overlooked it the first time as just part of the process, but this is so much more. + +We know the government is corrupt at some level, but I never would have thought they would sink this low. So low, in fact, that they are willing to steal from their own employees and those that have fought for our country. + +Let me introduce you to the Thrift Savings Plan, otherwise known as the TSP. You can visit their website at tsp [dot] gov, if you would like. + +So, what is the TSP? + +From their website: +"The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. It was established by Congress in the Federal Employees’ Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. + +The TSP is a defined contribution plan, meaning that the retirement income you receive from your TSP account will depend on how much you (and your agency or service, if you’re eligible to receive agency or service contributions) put into your account during your working years and the earnings accumulated over that time. The Federal Retirement Thrift Investment Board (FRTIB) administers the TSP." + +The TSP is the main retirement fund for federal employees and military servicemen. You're probably asking what the connection between the TSP and MOASS is. The connection is less about the TSP directly, and more about what the TSP is doing between May 16, 2022 through the first week of June. + +Here is the notice on the front page of their website, links excluded: +"Important notice concerning your rights under the TSP +The Thrift Savings Plan (TSP) will transition its recordkeeping services to a new provider, and it’s important that you know how this transition may affect your TSP account. After the transition, you’ll be able to use new features to complete even more transactions efficiently and securely online, and much more. Get the details about the changes coming in June. + +During the transition period, your savings will remain invested in the TSP funds you’ve elected. However, to ensure a smooth transition, we’ll suspend account transactions, access to online tools, access to forms, and correspondence for a brief period. These transactions and services include the following: + +Beneficiary designations +Court order requests +Form submission +Investment transactions +Loan requests +My Account access +ThriftLine service +Withdrawal and distributions +The transition period begins on May 16, 2022, and ends the first week of June. Suspension dates for each transaction type will vary, so read carefully through the full calendar included on this page. We encourage you to consider whether this transition period will affect your retirement planning, especially if you were planning to request any transactions in the near future. + +Important: While your current TSP investments will remain active during this transition period, we’ll need to temporarily suspend investment changes toward the end of the transition period, beginning May 26, 2022. That means you won’t be able to change your investment choices during this brief time. You should review your current investment choices and make sure they still align with your retirement goals. Keep in mind that once you’ve established your retirement goals and a savings strategy that fits your needs, you’ll have the best results if you stick to your plan. Make adjustments to your long-term strategy only after careful consideration. + +On this page, you’ll find a full calendar of suspension dates for affected transactions and services. For more information about the changes coming in June, see this summary of changes. + +May 16 +Last day to complete withdrawal requests. +Online tools in My Account will be available until 11:59 p.m. +We must receive your request and any supporting documents for new and pending requests by this date. If we receive your information after this date, we won’t be able to process your request. In that case, you’ll need to submit a new request after the transition period ends the first week of June." + +In other words, after May 16th, your retirement funds are locked into whatever account they are in until the transition period is over. Meaning, if the stock market just so happens to crash during this time period, sucks to suck. Your funds cannot be withdrawn. Too bad, so sad. Good luck to you in the future. They are going to leave the American people holding the bag while they pull the rug out from under them. + +Now, to be honest, I have not read everything on their website because there is a lot of information. If someone with more time wants to add to what I've written, please do so and link in the comments. I'll add information to the post as needed. + +TLDR; Federal employee and service member using TSP for their retirement plan will have their funds frozen in whatever account beginning May 16 and cannot withdraw until updates are finished regardless of what the market does. +I owned 10 long options, with a strike price of 48. I closed those 10 options on Friday. My account registered nothing unusual. However, this sell to close order was processed 3 times for a net sell of 20 naked calls at 48. Despite the fact my account is not cleared for naked selling of options. However this did not appear anywhere in my account until the weekend. + +On Sunday I was told I was assigned a 2000 short position on the stock as 20 naked calls were assigned to my account. + +When I checked my filled orders, everything looked normal. However, when I checked my history my sell to close transaction was processed 3 times, with a transaction corrections notation. Even though all 3 were listed as sell to close. + +I called on three different occasions, all three of those times they said there was bug, and they would have it fixed before market opens on Tuesday. + +It was not fixed, the market opened and closed, strange things happened in my account, but nothing got fixed. + +Called again and they were less than helpful, telling me I now had to file a claim or talk to people who were currently unavailable. They have made no attempt to contact me, and given me no guidance on what I should do with this giant short position in my account, which I do not have the financial means to close. + +I have proof in the form of screen shots, not to mention my account is not allowed to sell naked options in the first place. + +If you use TD Ameritrade, be very careful right now. + +*reworded for clarity. + + +EDIT#1 Talked to someone from Margin claims. First person who seemed to know what was going on. They said it was a error with experation processing. That once again they will be trying to do a patch today and hope it fixes it, they have tried several patches and many clients are still effected. That the position is not a real position, but a reporting issue. That I should under no circumstances try to close the position as it is not real. It was helpful, but seeing this bomb in my account losing money is still stressful. + + +Edit #2. Talked to someone today who said it will be manually fixed today. A few hours ago, still not fixed, but hopeful. + +Edit# 3. Problem seems to finally be fixed, but will have to look and see if it all adds up. +Oil's going up boyz, get ready for a rough road ahead. I, for one am buying a above ground pool and filling it with raw crude oil cause this shits gonna be more than its weight in gold after we cut off Russia. + +https://preview.redd.it/61kyvygbe3m81.png?width=612&format=png&auto=webp&s=d9a991b23f8a94b2d1fef368129434c836b7dba3 +My wife has wanted children since she was a teenager. We've been married for over 3 years now and she consistently brings up wanting kids and how she feels like I don't want them. I've looked into what it would cost and talked to a couple people, but I just don't really see how to make it work. One friend I talked to said they had their kids basically for free because he worked and his wife didn't so they had Medicaid. Other friends that my wife sees having kids are off buying homes, easily in the 3-400k range so based on that I can safely assume they're making about 3x the money that I do, 2x my wife and I's income. I've seen averages that pre-birthing costs run between 4 and 7 thousand dollars, and that the birthing itself can easily break 10k. We have $500 in our savings account, slowly building, and some CC debt and student loans we're paying off. The options I currently see are either losing jobs and lowering our income to quailfy for Medicaid, and gain debt because we can't pay other bills, or end up with a mountain of debt just to have the kid, and then barely scrape by because of medical bills. I grew up in poverty and don't want to raise my children in that situation, so I really don't want to have a kid until it seems more feasible financially. I get that things won't ever look super appealing, but I figure things can look at least a bit better and less life destroying. How do people in a semi stable state afford having kids? +How can I start this.. the paradigm that defines our role on GME needs urgent and drastic clarification if we are to steer this thing back onto the road.Whether we want to admit it or not, we're fucking drifting atm. The hype is dying as all hypes do, the whole thing is glued with spit and running on pure randomness and doom inevitability ("we're all poor so we don't care, it's either moon or bankruptcy"). + +TH THA THA TH, time out. + +Listen up fucktards, I'm poor too, but that's not the point. We need to go over the whole situation with perspective, and this is not some detailed nerd shit so it'll go easy on your 2 braincells. + + +Repeat after me: we are not gonna trigger the short squeeze. WE ARE NOT GONNA TRIGGER THE SHORTSQUEEZE. +It's easy to fall into disbelief by misunderstanding our part in all of this. We are not triggering shit, so all the retards YELLING buy buy buy every time it starts to go up need to come back to reality. It's NOT our job to trigger the short squeeze nor would we be able to. + + +Picture a roman colosseum (an old stadium you mongs). In the middle of the arena, down in the pit you have all the shorters doing their thing, having a jolly good time. There's several tunnels surrounding the pit and leading OUT to freedom. + +To get the short squeeze we need them right there in the pit, so that's done. They're already there, shorting GME to shit, not by 13% which was enough to rocket VW share price 5X back in 2008, but by a staggering 50% to 130% (numbers irrelevant, point is the ammo is more than enough). As you can see there's plenty of shorters in the pit, so they're confident and comfortable. + + +Now, for the shortsqueeze to work you need 2 things: + +\- a boogeyman +\- something blocking the goddamn exit + + +The boogeyman is ANYTHING that makes them fear for their billions and run for the exit trampling each other on the way out. The less shares available for them to cover their shorts the smaller this boogeyman can be, because they will panic knowing they may not be able to cover at all, meaning THE END. +It could be literally a thousand different things, and the longer we go into the future the more likely that something will HIT. Could be someone scooping up an extra slice of the company (Ryan Cohen for example), earnings blowing out, anything. And this company has received SO MUCH free advertising in the last few weeks it's not unreasonable to think that they are at a historic turning point (not gonna get into the reasons why it's already a great value investment), and it will soon show. + + +THEN, we come. +We, the group of INDIVIDUALS that happen to be investing in the same stock because we like it. + +What are we? We are bodies. +Pilling up. +On the fucking exits. + +The more shares you own the fatter you are, and the fatter you are the more space you take up on the exit. And my friend my friend, the hedgies are REALLY gonna need the exit when the boogeyman shows up. + + +Our role here is to buy as many shares as we can in order to clog the exit doors, so that the shorters have no way out when a boogeyman comes.If something big drops and there's not enough unflinching share ownership (buyers that won't sell no matter what), then the shorts will just make their way out and fuck all will happen. + +Sure, there must be a lot of individuals and institutions unwilling to sell to bail shorts if they need to cover, say most of the GME board for example and maybe a couple institutions, but likely not nearly enough. + +That's our part. If say half the people on WSB buy an average of 5 shares, that would be nearly 20 million shares. That's nearly 1/3 of the total GME shares available.If say, over a month we are able to turn that average into 10 per person, half of WSB would own a staggering 60% of all the shares, and you may say oh well that's not possible BUT JUST THINK ABOUT IT, many among us have investments in the hundreds of thousands, some even millions. Each one of those can bring the average up a hell of a lot.Heck, even I with my 20 shares god bless them, can make up for 3 people on WSB that bought nothing. + + +Time really is on our side, if we just keep gobbling up shares we can really block those exits for the shorts, and when the time comes they will panic because they will realise there simply aren't enough shares to cover - GME goes straight to the MOON. + +We don't need to worry at all, there is no losing here because mathematically it's a time bomb.THIS WILL NOT SURVIVE ON HYPE.HYPE IS NOT OUR FRIEND.Understanding the situation and calmly and patiently executing is how we can succeed. + + +We need to unify, clarify, focus and execute. + + +&#x200B; + +**TLDR -** + +**The GME gang is losing its way because its all hype now. Hype will kill this because hype dies.We need to clarify our role and execute with patience. We don't trigger short squeezes, our function is to accumulate as many shares as possible so that when the time comes and something big and positive drops, the shorters try to cover but can't because we have all the stock (or most of it), they panic and GME moons.Basically the only thing that matters is to keep accumulating as many shares as you can, and to understand your role. This diamond hand shit is NOT needed because the price is irrelevant, it's the inevitable math of the short squeeze that matters and that's where the focus needs to be.** + + +&#x200B; + +Obviously this isn't financial advice and everyone here does whatever the fuck they want anyways. +More specifically, for the purpose of volatility forecasting, I'm looking for a package that estimates the parameters for GARCH and other GARCH variations using, say, a maximum likelihood estimator. + +I already have a python script which gets daily stock data from yahoo finance, so looking for an appropriate econometric package. + +Any suggestions? +I started in Tradingview, then to Python, then Matlab, back to Python, and now that IB is on Tradingview, I’m considering going back to TV. + +Omg. This is such a pain. +Recently, i've been trying to think more about how historical patterns affect future predictions. As we know markets are probabilistic in nature, and it is more about knowing the probability distribution of future price movement, rather than trying to define a deterministic function and make concrete predictions. + +That being said we also know markets are an ever evolving function. How the market was traded 10 years ago could be the complete opposite of how the market is traded now. For example, looking strictly at price data we could see that 10 years ago after a certain set of criteria were met, that 75% of the time the market would go up. Now we could see that when these same criteria are met for the market today, there would be a 75% chance the market would go down. The market at these two different points in time would be opposite functions. + +Models that look at all the data over the time span, and try to model the "average" of these two opposite functions would be average at best. Seeing bad/irrelevant samples would hurt the performance of the model. So if this is the case, we need to figure out ways to gauge the relevance of a data point. + +How do we find that sweet spot where we have enough samples to have predictive power and also where we are not looking too far back as to incorporate samples from a disparate and potentially opposite function that will hurt our model's ability to predict on the current market function? +I'm 22 right now, but getting my life in order to retire early- I'm hoping mid 40s but who knows. + +My parents took the very traditional route with employer 401ks and Roths. They are both 56 and could retire this second, if it weren't for healthcare. They will most likely work until 65 due to its costs. What are some solutions to this? + +The only solutions I see: +1. Cross fingers and hope for good health +2. Shell out thousands in insurance costs +3. Move to a country with better healthcare until they hit 65 +4. Hit it big in bitcoin in an HSA + +While I joke, it seems hopeless to me to retire early and have good health insurance without really paying for it. I'd appreciate any advice or discussion. +Yesterday morning I spent an hour trying to close out my margin position around 60-70% to no avail. Settling the position I am told insufficient balance. Sell coins, insufficient balance. This is all in between all the usual messages about API calls and timeout errors. I simply could not get the engine to process an order. I open a ticket begging that this get resolved. + +Fast forward a couple of hours and I am at 30% margin. It should be liquidated, right? Nope. I move over another $1k to cover the margin above liquidation level. +Fast forward a few more hours and the position is at -10% margin. That would mean I actually OWE money! Still not liquidated. + +Fast forward to around 4am this morning, the market is about to recover, and I get liquidated out of nowhere. They take about $6000 and leave me with about $400. +I got a reply to my ticket this morning saying "check if you have open positions that might prevent you from closing your position." + +How is this fair/moral/ethical/legal?? + +Any options? Anyone facing the same? Is there a class-action I can join? +I make ok money, i.e. can pay rent and bills and have some money left over. But I get this constant guilt if I spend money on myself. I have a battle in my head between saving the money for the future (as I am always scared about growing old and not having enough) and at the same time not wanting regrets when I am older for not enjoying life and experiencing whatever I want. + +Do any of you guys go through this? What do you do about it? +I'm ready for the sea of downvotes because at this point IDAF so just ear me out. Go to the sub and sort by hot right now. Almost ALL you see is this nonsense about Twitter, airplane adds, "leaked" documents, and garbage memes. + +First of all, Citadel isn't having a "meltdown" on Twitter. Citadel employs some of the worlds most expensive and experienced PR and legal teams in the world. Everything they do and post is calculated and purposeful. + +None of you find it weird that they decide to break their Twitter silence so magnificently right as we got them by the balls with DRS? Yea, that's on purpose. They are trying to distract you from the only thing that actually ends this. DRS. Stop letting it work. + +There are other people saying this same thing in posts/comments and they are getting relentlessly downvoted. There are people saying: wE cAn FoCuS oN tWo ThInGs At OnCe!! No, clearly you can't. Their lies on Twitter won't matter when MOASS happens so who cares what they say now. Speak with your actions and let the results bring the truth to light. + +Buy, HODL, DRS. End this shit once and for all. Bring on the hate shills, I'm ready. +I'm reading through some material about the supply chain crisis this weekend: + +* [Flexport CEO on how to fix the US supply chain crisis](https://twitter.com/typesfast/status/1451543776992845834) +* [Long Beach has temporarily suspended container stacking limitations](https://twitter.com/typesfast/status/1451673736877428742) + +Would love to hear your thoughts on: + +* Do you see any path that this can get resolved quickly? Wouldn't the Christmas shopping make it even worse? +* How big of a risk is this for the economy and the stock market? +* Do you make any changes to your portfolio based on this? +Through a combination of good luck and a high paying job I am very well on the path to fatfire. + +My dad left me investments of ~£2.1 million and a furnished (now unoccupied) 4 bedroom in sw3. I am middle management at a FAANG, earning just over £14k per month after tax (~£310k annual) My expenses are £5k a month if I splurge. I have an additional total ~ £3 million in between ISAs, cryptos, VCTs and cash. I live outside London in the UK. £300k in my pension but I’m barely paying into that anymore. + + +I went to 3 boarding schools in 2 countries while growing up because dad moved a lot. Never really made any friends or learnt how to. At uni I went head down in my degree and ever since been in my company. I am just over 34. + +My social life basically sucks. Before the pandemic I used to travel every other weekend. Ever since I barely had any social interaction outside of work. + +I find it really hard to relate to people. I don’t flash what I own, but anybody I ever meet through gym or sports clubs (rowing and cycling) has struggles and daily routines that are far different than me and I find it hard to relate, or I guess I to relay anything they find relatable. In the occasion that they get clued up on my income I guess by looking me up in LinkedIn or whatever the relationship just goes cold. + +I used to drive a Porsche that I parked forever because I hated the way I was treated by friends when they saw it. + + +As things are opening up again I really want to change this but I have this painful dreaded feeling in my stomach that it’s gonna suck again + +For lack of a better word I want to find people I could relate to. I want friends who don’t necessarily see me as a cold distant cash loaded meat sack. + +I spoke to a therapist who said I should try and find people with similar income or wealth to me + +Problem with this is it’s really hard, if you don’t know people in tech they basically have no social life whatsoever so friends at work is not a thing + +Where do I meet friends and potential relationship partners who I could relate to? + +Here I am on a Saturday night just downed a bottle on my own I don’t want this shit no more +I know this is a controversial subject here, but I'm trying to find the right answer. Should the value of our primary residence be included in our NW, or maybe just the equity? +Fellow Bettors, if you understand options, move on. + +First, proud of this community and all the giving it did yesterday. Truly phenomenal. + +I've noticed a lot of people on this sub legitimately don't know what options are or what they do. This is incredibly concerning, how are we going to get to the moon if we don't know how to build a rocket. As such, I've decided to write a quick reference options guide to help some of the newer, younger, or less experienced traders as a Christmas present to the sub. If you know what options are, move on. I'm going to try and make this as short and sweet as possible. A reference guide. + +As much as we all like loss porn, I like seeing gain porn way more and hate the thought of people losing life savings/tuition money/inheritance because they come to the sub and don't know anything about options but see a ticker with rocket ships and buy a 0 DTE 30% out of the money call with everything they have. Gotta know how to play blackjack to sit at the table. + +Depending on feedback, I may write a few more. If I get told to fuck off I completely understand, but if some people learn some stuff then I'll continue. I will be using $MSFT as my example. + +* What are options? + * The Basics/Buying vs. Selling Options + * The Money + * Calls Explained + * Buying Calls + * Selling Naked Calls + * Puts Explained + * Buying Puts + * Selling Naked Puts +* Options Pricing + * Intrinsic Value + * Extrinsic Value +* Do I Have to Hold to Expiration? +* The Details +* The Greeks +* Helpful Links + +**Options Explained** + +***The Basics*** + +Buying an option **gives you the right** to buy (call) or sell (put) 100 shares of a stock at a specific price (strike price) on or before the expiration date (European options are specifically on the expiration date). Buying calls is bullish, buying puts is bearish. To buy an option you are going to pay a premium as the other party will be accepting risk with the trade (premium explained more later). + +* If you believe a stock is going to go up past a certain price on or before a certain day, you buy calls. +* If you believe a stock will go down past a certain price on or before a certain day, you buy puts. + +Selling an option **obligates** you to buy (put) or sell (call) 100 shares of a stock at the strike price on or before the expiration date, really whenever the buyer wants to exercise the option. + +* If you believe a stock is going to trade sideways or drop in price, you sell calls. +* If you believe a stock is going to trade sideways or raise in price, you sell puts. + +***The Money*** + +For Calls: + +* At the Money - A call with a strike price equal to the current stock price +* In the Money - A call with a strike price BELOW the current stock price, can immediately be exercised +* Out of the Money - A call with a strike price ABOVE the current stock price. The stock MUST rise to or above the strike price to be exercised. + +For Puts: + +* At the Money - A put with a strike price equal to the current stock price +* In the Money - A put with a strike price ABOVE the current stock price, can immediately be exercised +* Out of the Money - A put with a strike price BELOW the current strike price, must fall to or below the strike price to be exercised + +***Calls Explained*** + +Buying calls is a bullish strategy and the most popular on this sub, and thus will be covered first. I will be using $MSFT as my example stock. $MSFT is currently trading at $215.17 and I believe that the sale of the new XBox around Christmas time will increase the stock price to $230.0 by Christmas. I would buy a call. I decide to look at the Dec. 31 options which you can see below. + +[Figure 1](https://preview.redd.it/v1li3ko65u161.png?width=1155&format=png&auto=webp&s=10f4953ae3048e58bca84001d3caa2be444b0189) + +This is Robinhood on a computer. At the top you can see what each thing is which is explained below. + +* Strike Price - The price the stock has to rise above to be exercised +* Break Even - The price the stock has to rise above to not lose money +* To Break Even - Percent change in the stock required to break even +* % Change - Daily change in option price in percent +* Change - Daily change in option price in dollars +* Price - Price of the option + +In the above example: + +* $215 Strike Price - In the Money, could be immediately exercised, but the buyer/exerciser would experience a loss +* $217.5 Strike Price - Out of the Money, could NOT be immediately exercised. + +The Break Even point is always higher than the strike price for calls as you are paying someone to accept risk. This can be calculated by taking the strike price and adding the premium paid for the option. For the 12/31 $230, $230.0 + $1.67 = $231.67. The option CAN BE EXERCISED BELOW THE BREAK EVEN FOR A LOSS. + +***Buying Calls*** + +Ok, so the 12/31 $230.0 strike is what we are going to buy, that is $1.67 dollars PER share, for 100 shares, so the buyer would pay a total of $167.00 for the trade (depending on the bid - ask, explained in ***The Details*** below.) We go ahead an buy that option for a debit of $167.00. + +As the month goes on BEFORE 12/31, some things could happen: + +* $MSFT goes up, the value of the option increases and can be sold for a profit at any time +* $MSFT goes down, the value of the option decreases and can be sold for a loss at any time +* $MSFT trades sideways, which will result in the value of the option decreasing (explained in Greeks) + +On 12/31 if you still hold the option, there are a few possibilities: + +* $MSFT is above the breakeven, we'll say $240.0, you can sell the option for a profit, which would be almost entirely intrinsic value, the contract would be worth around $10.00 ($240.0 - $230.0 = $10.00). This is per share! So your profit would be: ($10.00 x 100) - ($167.0) = $833. The $167.0 is the debit paid for the contract. +* $MSFT is above the strike but below the breakeven, we'll say $231.00. The contract will be very close to break even, and throughout the day will likely fluctuate to above and below. If you are still bullish on $MSFT, this is the ONLY time I would recommend exercising the option to buy the share (AND ONLY IF YOU HAVE THE CAPITAL TO DO SO). If you are bearish or do not have the capital, your best bet would be to sell the option for a slight loss. In this case it would be around $100. **NOTE: ROBINHOOD RISK MANAGEMENT WILL AUTOMATICALLY SELL OPTIONS IF YOU DO NOT HAVE THE CAPITAL TO EXERCISE THEM AND IT IS CLOSE TO THE STRIKE ON THE DAY OF EXPIRATION.** +* $MSFT is below the strike, hold or sell to avoid max loss. Your max loss in the trade is $167 dollars, and the stock may run up towards the end of the day. If $MSFT finishes the day below the strike, the option will expire worthless. + +***Selling Naked Calls*** + +If you are neutral to bearish on $MSFT because you think the PS5 will outsell the XBox, you could sell the 12/31 $230.0C. See below. + +[Figure 2](https://preview.redd.it/d8z02ztweu161.png?width=1145&format=png&auto=webp&s=38aef118e5984f02c90185de2e5cc9855c73a4e3) + +Notice "To Break Even" turns into "Chance of Profit." This is a calculation using the Greeks of your odds of coming out on top in this trade. You sell this call. This would mean you would be CREDITED with $167 dollars initially. As the month goes on, if $MSFT goes up in value, you will begin to lose money on the trade, and if you desired to close the trade you would have to Buy to Close, meaning you payed more for the option then you sold it for. If $MSFT trades sideways or decreases in value, the options contract will decrease and you can Buy to Close the call at a lower price than what you paid for it or just let it expire worthless on 12/31. + +**SELLING NAKED CALLS CAN BE VERY RISKY.** If you sell the call, and $MSFT shoots up the next day to $240.0, the buyer of your contract can immediately exercise the call. This means that you as the seller are OBLIGATED to sell them 100 shares of $MSFT at $230. What happens if you don't have them? You have to buy them at the current market price. So $240.0 x 100 = $24,000. You would then sell them for $230.0: $23,000. Your max loss on the trade will be $24,000 - $23,000 -$167.0 = $833. And that is only if the price goes to $240.0. If the price at expiration is $250, your max loss would be $1,833. For every $10 increase in underlying, the max loss increases $1,000. To avoid this and collect premium you can sell covered calls, to be discussed later. + +***Puts Explained*** + +Buying puts is a bearish strategy and the second most popular on this sub. $MSFT is still $215.17, and I believe the new XBox sucks. I think the stock will fall to $205.0 on or before 12/31. Below are 12/31 puts. + +[Figure 3](https://preview.redd.it/svbfbulzcu161.png?width=1149&format=png&auto=webp&s=41e389a6b8a77e1b71c189615a6fb9acbee41553) + +None of the metrics change, except for what is in and out of the money. + +* $217.5 - In the Money, can immediately be exercised, but the buyer/exerciser would experience a loss +* $215 - Out of the Money, cannot immediately be exercised + +***Buying Puts*** + +The 12/31 $210.0 strike is what we are going to buy, so that is $3.58 for 100 shares, so if purchased and filled this would cost us $358.0 dollars. Note this is much more expensive than the $230.0 call, this is a result of the strike price being much closer to the current stock price. + +As the month goes on BEFORE 12/31, some things could happen: + +* $MSFT goes down, the value of the option increases and can be sold for a profit at any time +* $MSFT goes up, the value of the option decreases and can be sold for a loss at any time +* $MSFT trades sideways, which will result in the value of the option decreasing + +On 12/31 if you still hold the option, there are a few possibilities: + +* $MSFT is below the breakeven, we'll say $200.0, you can sell the option for a profit, which would be almost entirely intrinsic value, worth around ($10.00). ($210.0 - $200.0 = $10.00) Again, per share, minus the debit, would again get us around $642. Notice how this trades profit was lower with the same difference in strike price to underlying price on expiration. That is because the premium we paid for this trade was higher. +* $MSFT is below the strike price but above the breakeven, we'll say $207.0. The contract will very throughout the day, and unless you have the capital to exercise Robinhood risk management will likely sell the thing whether you like it or not. +* $MSFT is above the strike price, you can sell to minimize profit OR hold until it expires worthless. + +***Selling Naked Puts*** + +If you are neutral to bullish on $MSFT because you think the XBox will be meh, you could sell the 12/31 $210.0P. This means you would be credited with $3.58. If $MSFT decreases in value, the option price will increase in value, and you will lose money on the trade. You can hold to expiration or Buy to Close at any time for a loss. If $MSFT trades sideways or increases in value, the option will decrease in value, and you can Buy to Close for a profit at any time. + +**THE SAME RISK APPLIES TO SELLING NAKED PUTS AS NAKED CALLS, BUT IS "CAPPED" AS A STOCK CANNOT GO BELOW ZERO.** + +***Options Pricing*** + +The price of an option has two different parts, intrinsic and extrinsic value. + +* Intrinsic Value = |Current Price - Strike Price| + * An Out of the Money option has no Intrinsic Value + * An In the Money Option has an Intrinsic Value equal to the difference in stock price and strike price. + * Example: $MSFT price: $215.17. For the 12/31 $212.5C, this option has an Intrinsic Value of $2.67 for each share, or $267. BUT you can see in Figure 1 it is $7.30, or $730 dollars to buy. That is where extrinsic value comes into play +* Extrinsic Value + * Effected by theta and implied volatility + * Can be calculated by Extrinsic Value = Option Price - Intrinsic Value + * Theta + * The more time an option has to expiration, the higher it is priced. This is because the underlying stock ($MSFT) has more time to move. + * The theta curve accelerates around the 45 day mark, see the figure below. You can see that as an option gets closer to its expiration it will lose value, regardless of if it is in or out of the money IT WILL DEPRECIATE + +https://preview.redd.it/knprhfu1iu161.png?width=1094&format=png&auto=webp&s=80a6189eafe6f7fb8662cf5cd467d2c9b588af9d + +* Implied Volatility - a lot of math goes into this one, but its essentially how much a stock is likely to move during a give amount of time + * Steady stocks, like $KO, tend to have lower IV. + * High growth stock or stocks that move a lot have higher IV. + * The IV OF EACH OPTION will be different depending on expiration date, how far In or Out of the Money the stock is, and the movement of the underlying. + * IV Crush - this occurs often after earnings and results from volatility decreasing. Even with no movement in the price of the underlying an options price can be cut in half if the volatility drastically decreases, decreasing the extrinsic value. BE CAREFUL IF YOU HOLD OPTIONS OVER A STOCKS EARNINGS. + +***Do I Have to Hold to Expiration?*** + +Lets say we buy the $MSFT 12/31 $230.0C. Do we have to wait until December 31? No. If the underlying increases to lets say $225.0 by next Friday, 12/4, we could sell the option for likely a pretty good profit. We payed $1.67 for the contract, but the price of the Call may increase to $3.67, so we could Sell to Close for a $200 profit, allowing us to move on to another trade. But as we approach the strike delta increases and therefore may be worth holding. The break even information is only if you intend to hold the call to expiration and profit from exercising and then immediately selling the shares back into the market. Due to time and market craziness, I recommend taking profit from the option itself rather than exercising and using the shares. + +***The Details*** + +Going back to our out of the money 12/31 $230.0C on $MSFT, if you select the option, you will open up the details surrounding that option. This can be seen below. + +&#x200B; + +https://preview.redd.it/9jybsf99ju161.png?width=1156&format=png&auto=webp&s=28414c66b7307b4d47e6841693976f068c0af774 + +This explains more about the option and can explain why it is priced the way it is. From left to right. + +* Bid - Highest price a person is willing to pay for the option and the amount of options asking to be bought at that price +* Ask - Lowest price a person is willing to sell the option and the amount of options offered to be sold at that price +* Mark - Often in between the Bid and Ask, what you see on the main options tree +* Previous Close - The price of the most recent option sold +* High - Highest price paid during the trading day for the option +* Low - Lowest price paid during the trading day for the option +* Volume - number of contracts traded during the trading day +* Open Interest - number of total contracts not settled + +Bid-Ask Spread is the different between the Bid and Ask, in this case $.19. The closer the bid ask spread, the more likely you are to get an order filled. Slippage occurs as the spread moves up or down depending on if the movement of the stock. If the stock is rising rapidly and you are trying to buy a call, by the time you enter the order the Bid-Ask Spread might have moved up dramatically, and your order might not get filled. + +Open Interest is important as well. If very low open interest, Selling or Buying to close may be very difficult depending on how popular the options contract is. + +The lower the open interest and the wider the Bid-Ask Spread is, the more likely you are to get fucked by market makers. They will not be willing to meet at the mark or change their bid/ask and will expect you to do it. If they are moving millions of options a day, $.10 is a lot to them and they will profit off of it. + +***The Greeks*** + +You can see the Greeks listed above for this call. + +* Delta - how much an options price is expected to change for every $1.00 change in the underlying. Calls have positive delta, puts have negative delta. If $MSFT goes from $215.0 to $216.0, the price of the option will increase $.1691. Puts have negative delta because the options price will decrease as the stock price increases. Delta will approach 1 as the stock underlying approaches the strike and moves through the strike, causing a natural increase in intrinsic value. +* Gamma - the change in Delta for every $1.00 change in the underlying. Gamma increases as the stock approaches the strike price and can be very powerful if the underlying is near the strike. +* Theta - change in the option price for every 1 day closer to expiration. Theta increases as the option approaches the expiration date. If you hold onto the 12/31 $230C for a day it would decrease in value .06 per contract, so a total of $6. You can see how this is an options buyers Enemy. +* Vega - How the implied volatility affects the price of the option. A drop in vega will typically cause both calls and puts to lose value. Compare vega to normal levels by looking at other options of other similar underlying. Again, BE CAUTIOUS OF IV CRUSH AROUND EARNINGS. +* Rho - sensitivity to interest rates, has to do with the U.S. treasury, you have the least control over this and this arguably effects options the least. + +***Helpful Links*** + +Here are some awesome links that will help everyone get better at trading options. + +[Options Strategies | Learn To Trade Options - The Options Playbook](https://www.optionsplaybook.com/) + +[Investing with Options (robinhood.com)](https://robinhood.com/us/en/support/trading/investing-with-options/) + +[Options Trading Strategy & Education (investopedia.com)](https://www.investopedia.com/options-trading-strategy-and-education-4689661) + +I hope you find this helpful. If you made it this far I'm astonished. I hope you all make massive amounts of money and are able to beat retarded hedge funds and dumb old traders. Our generation is changing the investing game for the better, making it more accessible. + +If you have any questions, comments, or concerns, let me know or send me a message. + +Panda + +Edit 1: Corrected some small inaccuracies. Added "Do I Have to Hold to Expiration?" + + +Edit 2: Due to the overwhelming positive response I will write Part 2: Intermediate Strategies for next week to include Credit Spreads, Debit Spreads, Iron Condors, etc. Thank you all, humbled by the gifts. + +Edit 3: Corrected some small inaccuracies. Spelled 'bettor' correctly. +I’m working in IT as a Business Analyst, I have been applying for any IT related roles for the Victoria Department of Education &amp; Training, Heath and Human etc. + +My resume and cv got me interviews and offers from big IT companies but my application for the government didn’t even get a call from HR. + +Is there something I’m missing? Do I need to go through recruiting firm? + +How did you land your job for those departments? Thanks + +Edit 1: why do I want a job there? Because I’m at the receiving end of their regulations. I want to improve the quality of their work. It can be frustrating sometimes when new regulations come out and they expect software to be updated the next day. Or some of the documents only focus on the ‘best case scenarios’ but human errors happen everyday, how can we handle when these situations occur? + +05/03/2021 +Edit 2 : thanks everyone so much for your input. I have good news! After updating my cover letter and resume. I got an interview which went super easy, they moved me to the reference check. Yesterday, I just got a call and THEY OFFERED ME A 12 months fixed term contract!!! It’s not permanent but at least I get my foot in the door. + +If I can help anyone, please don’t hesitate to reach out. I want to pay back 😌. +Title says it all. I’m only 23 and haven’t bothered to learn much about the real estate market, however I’ve been thoroughly studying investing over the last 2.5 years. + +I’m now starting to learn about the extra costs in buying your own house and the numbers just don’t add up for me. Like why would you pay rates, interest, stamp duty etc etc and lose all that money and only gain a small amount in appreciation per year? + +Especially when you can buy into an ETF growing on average 9% a year paying a 4.5% dividend every quarter? + +The reason why I’m asking this question is because I’m an electrician that’s recently started working in the mines earning good money and everyone’s trying to push me into buying a house. I think they’re crazy. +Hello FatFire. Somewhat active here but posting under a throwaway since there are more #s than I usually give. My numbers are questionably / borderline FAT, but I hope to fatFiRE in 5-10 years at ~5-6MM. + +I am 29M, nw ~2.3 mil, 2 of which is in index funds, the rest is home equity. I am a software engineer(ing manager) in a HCOL area (DC). No debts other than 500k left on a mortgage. + +I am currently golden handcuffed to a post acquisition startup that I joined ~5 years ago as my second job out of school. I made 200k even, with a 25% bonus target. I am set to vest the last tranche of my stock in December, which is worth 200k, and our acquiring company is stable enough that I feel confident it will be that amount +/- 10% unless something crazy happens with the whole market. That said, I hate my job. Life post-acquisition is soul sucking and due to my new role in the larger org, I feel my tech skills are atrophying. Post December, my stock comp will go away completely, so I'm definitely leaving then if not now. + +I have an offer to join a post-series B company that I really love and believe in. That said, I can't help but feel dumb walking away from the easy money of waiting another 7 months. The companies initial offer was 150k, no bonus, 500k of options over 4 years. They're very keen on me starting ASAP, and in an attempt to buy me out of my current role have upped their offer to 175k, with 750k in options over the 4 years. They do bonuses, but weren't able to give me a target. + +I am having trouble evaluating how good (or bad) of a deal the buyout offer is. There's obviously a huge unknown on the option value and I'm taking a light cash haircut, but I believe in the company (as much as one can believe in a series B company that they are a customer of), and don't mind a 10% cash pay gap to do something I truly enjoy. + +Does taking the buyout seem like a prudent move, or would I be a fool to walk away from an easy 200k cash this holiday season. +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) +TLDR: Kenny isn’t looking for money to stay alive, he’s warning all his shady friends about how shit is about to hit the fan so they can save their own asses. + +IMO all these flights are SHF, like Kenny, and their associates trying get the insider jump to avoid losing even more. They’re going to let their customers’ money take the hit and protect their own money because they’re spineless. + +If I’m Kenny, then I arrange in-person meetings so that nothing is on record when I tell all my shady friends insider information. Now, when I get investigated for all my dirty deeds, they have no proof for the biggest part of the crime where I saved all the money for me and my friends but let the world burn. + +Edit: almost forgot 🦧🦍💎👋🚀🚀🚀 and also thanks for the all seeing awards. My first. Also if I’m stopping in various countries for a few hours, that’s not enough time to beg for big money to save my ass. It’s only enough time to tell someone we’re getting fucked soon. Like how September OATS to CAT and new margins are too much to handle. +I am a young investor and recently saved up about 30k. Investing in real estate is the path I want to put it towards but would like a little more advise since this will be my first property. + +The housing market in my area (Austin, TX) has exploded over the last year and friends of mine are advising me to not jump into this market right now but I finally saved my goal of 30k and I’m leaning more towards just pulling the trigger on a property. So would love a couple more opinions there. + +I will be a first time home buyer and plan on purchasing a quad and rent out the other 3 units using a FHA loan. I guess one question I have would be if there is a better way to start off compared to the plan I’ve been striving for? I want to make the right first step and would love to hear from people that have done something similar. +My current credit score is 721, I started saving for my first down payment around 4 months ago. I have $9,000 in my savings at the moment and is going up at a steady rate. My original plan was to save about $50k and buy 2 homes in the year 2021. I want to raise my score within 760-780 to get the best rates, or atleast somewhat close to the best. My question is, can I do it next year? I want to buy a duplex or triplex with the FHA loan, I don’t have a long credit history other than a school loan from a year ago, which I will pay off in full in a couple of months and a 2 credit cards that I pay off within the month. I’m expecting my credit score to go up when I pay off my student loan, but I also don’t have 2 years of reliable income earned. Last year was like 7k which is really nothing. This year should be a lot higher as I started working full time out of trade school. If I follow through with my original plan I would have 2 years of reliable income earned, but I was wondering if I can actually buy one next year? If it’s best to wait one more year, I’ll continue saving but if I can do it next year, I would like to start then. Thank you for any responses. + +Edit: actually my credit score just got updated this month it’s at 734 now! +So yeah, basically that. I made some pretty gains last year and forgot to set aside some dough for the greedy Sam. I gotta pay 70k tomorrow or I'll be in shambles. Need a good 0DTE play for the remaining 4k so I can pay off my taxes and have some dollars left to buy ramen!! +* I am reading there are investment restrictions(Mutual Fund / Stock Investment)for NRIs residing in USA or Canada. +* Does that also applies if a US or Canadian Citizen lives in India. +* If the restrictions are different for both cases. Would like to what are the investment restrictions for US or Canadian Citizen residing in India EDIT: particularly for Canada. + +excuse me for putting points in Bullets. Also please let me know if this reddit group is not relevant. +Background: this is not FUD, I love and still hold some ethereum. I just want to have a healthy discussion and hopefully learn a few new things. +I have been in ETH from the beginning of 2017. I have seen the price soar from 20$ to over a thousand in less than a year. I invested in allot of ICOs during 2017. Everything was sweet. + +This ride had mostly to do with demand for ETH. You can argue it had other factors, true but the main factor was fomo and ICOs. Billions of dollars poring into new projects. These ICO’s have mostly a lock-in period of a year to five years. + +Now these projects can sell their ETH and they have to. Keeping projects alive and paying salaries is not with ETH but mostly with fiat. Here comes the paradox (hope this is the right word, not my first language) **can the demand for ETH and ICOs outgrow the dumping of these projects after a year?** Most projects received 20-50 million in fundings. Can the demand keep up with the selloffs in the long run? + +Now you might say ethereum has other use cases and utilities. Besides staking, powering the network or for dApps. But can this demand outgrow the trashy ICO dumps? Enlighten me or share your thoughts. Cheers! + + + + +Been lurking this sub for a while and just STO my first cash secured put. aint no way google is going down more + +GOOG 95P 10/28/2022 + +any thoughts? was this a dumb move? +Got about 100k cash and I've been selling straddles and iron condors for a while. Trying to make about 1-3% per month. Market up 5% in a day last week hurt, but overall I think its a good strategy to slowly make some cash. + +I know options on futures are more cost effective and tax efficient. Are there any strategies that would work better with futures than what I am doing with equities already? +What's going on fellow diamond-handed, tendie-hungry apes? I'm here to give you all some confirmation bias about where I think GME is headed based on some technical analysis. I'd like to remind you also that we just had a very good week and things are starting to get juicy as we're approaching levels we haven't seen since January and March. + +In this post, we'll be highlighting two main things: **the FTD cycle** visualized and **common behaviors/patterns** stock like to follow + +If you don't know much about the [FTD cycle](https://www.reddit.com/r/Superstonk/comments/myxei0/hank_returns_with_some_ftd_cycle_dd/) somehow at this point, read up on it from u/HomeDepotHank69 and come back here. + +So let's begin! + +**I. The Bigger Picture** + +[Here's a look at the daily GME chart since the beginning of 2021](https://preview.redd.it/8e31gzp7ig371.png?width=1777&format=png&auto=webp&s=52d03ce4f6fa8d44edb6f39536048330175d911b) + +As you can see here, where GME is currently at now, we are about at 50% of the intraday all-time high (ATH) of 483 back in January. The last two weeks including a back-to-back T+35 day and T+21 day have given us enough momentum to hover around the 250s with some pretty solid support around 245 although we went as high as 294 on 6/2. + +[This is the same time frame, just with premarket \(PM\) and after-hours \(AH\) trading included in the graph. Each candle is 4 hours of trading as opposed to 1 day of trading in the previous chart](https://preview.redd.it/llizn0zwkg371.png?width=1776&format=png&auto=webp&s=1be4d06f1fb1c419e035794415c6e360b95af142) + +Here we can see that GME's real ATH was at 513.12 in the premarket during the end of January. This chart is included so you get an idea of how our favorite stock has been trading during the year. + +Now that you're familiar with GME and the chart, we can move on to the next part. + +**II. The FTD Cycle** + +This is a theory we have developed a while ago that seems to have been proven true many times. So far the accuracy is 100% and there's plenty of data to back this up. When it comes to investing/trading for me, I make decisions based on cold, hard facts and data and I fully believe in this concept of a FTD cycle as it makes perfect sense. + +Like I stated before, there are endless posts on this, much more in depth than this explanation, but basically we see a spike in share price every 21 trading days. This is known as T+21 as it includes the settlement period for a day (T) and the 21 days that follow before the next failure to deliver day (+21). Basically (some) of the shares that were borrowed and failed to be delivered in a certain period of time causes a price increase as MM/brokers have to buy shares on the open market, and therefor we see an increase in the stock price. + +[Daily chart with highlighted FTD days in white](https://preview.redd.it/zdwoqyu1xj371.png?width=1789&format=png&auto=webp&s=4a0ad83663864f058700398866d87d9a17960d1f) + +Many apes have pointed out that this week has been different than the others. As you can see, after the first two T+21 FTD cycles, we saw a big run-up in the stock price both times. On January 25th GME gapped up in the premarket and went as high as 160 before closing back around 75. The next few days a massive gamma squeeze began and the stock went as high as 483 during regular trading hours. Keep in mind that a week prior to that FTD day, GME was trading in a range between 30-45. + +The next FTD day was 21 trading days after on February 24th, where the price doubled from 45 at open to 91 at close and tested 200 in the after hours. The next day GME sold off quite a bit, but it trended up for the next few weeks and then went as high as 348.5 in the next few trading sessions. + +These two dates (January 25 & February 24) were big moves up and really solidified that the game was not stopped and that the hedgies were really in this thing and fighting to keep it down. It showed them that they had to be prepared for the next FTD days because this wouldn't be as easy as they first thought. + +Because of this, they did their best to keep the next FTD cycles under control. Let's take a look at the next two FTD days, March 25th, and April 26th and see how the stock traded after the run-ups. + +[The white circles highlight the price action of the FTD days](https://preview.redd.it/5uvpibsmsp371.png?width=1762&format=png&auto=webp&s=2a460765da502765d89467de9bda5cddf5dd8a2d) + +Observe **Figure 1** with the white arrow on the left. This was the day GameStop released Q4 earnings for 2020 along with the wrap-up for the fiscal 2020 year. It was a completely normal call and nothing was incredibly noteworthy on the negative side. However, they did mention a huge increase in ecommerce sales and a shifted company focus to the transition to a mainly ecommerce brand. At this point, they had eliminated most of the debt on the balance sheets by paying off a note and things were looking very bullish for GameStop. + +But what do you think the hedgies did? + +That's right, they shorted it hard and GME closed down 33% the next day. At the time we just assumed that they wanted to make shareholders think the earning call was overwhelmingly negative and that people were actually selling as opposed to more short positions being opened. But looking back at it, I don't think that was quite the case. + +*The shorts knew that the next day was a failure to deliver day and had no choice but to drop the stock as low as they could before a huge day of buying pressure.* This makes so much more sense looking back at it because the next day, **GME closed up 52%**, a miraculous comeback from the previous day's dip. + +The shorts couldn't let this momentum continue, so for the next few weeks and until the next FTD day, we see a sustained selloff and downtrend in **Figure 2.** + +By the next FTD day 21 days later, GME steadily increases and closes the day up around 12%, not bad. However, the hedgies once again kill the upwards move and momentum by shorting our beloved stock more and more. **Figure 3** shows the familiar sustained selloff to keep the HFs further away from margin call territory. Things keep trending down and sideways as volume decreases significantly, but then the next FTD day comes, and boy is it a beauty. + +[The circle highlights the most recent FTD day and the white lines \(I know, rare white crayon\) show that we're in an ascending channel](https://preview.redd.it/93dmbpshuk371.png?width=1783&format=png&auto=webp&s=9b77377dad23a7fcfe0731bb0348592d8dc8143d) + +This breakout is different than the others. We didn't see a big dip the day before like we saw before earnings on 3/23, or a steady selloff prior to the previous FTD day on 4/26. Instead, this time GME was steadily trending up since around 5/10. This is huge since the last few FTD days with double digit percent gains (52% and 12% respectively) have been followed by downtrends and dips to keep the price down and the odds of a sudden upwards reversal low. + +The last 7 trading days have been a solid uptrend, which is very different than the following 7 days of the last few FTD days. If this trend continues the way the first two big FTD cycles did back in January and February, we may see a big move upward soon in the next 3-5 trading days. + +Now that you're all caught up with the FTD cycles and the current trend of our favorite stock, let's move on to the juicy part. + +**III. Common Stock Behaviors & Patterns** + +After watching a stock or multiple stocks for a while, you get familiar with certain patterns and tendencies that just keep happening. Although GME is heavily manipulated with all of the aggressive and illegal naked shorting going on, it still conforms to many patterns that stocks tend to follow. One thing to keep in mind with a stock and looking at its chart is that the chart is essentially telling a story of where the stock has traded in the past. + +People buy and sell stocks and there are always people who think it is going up and there are always people who think it is going down. This creates a market and this is how prices move, using the most smooth-brained explanation. There are individual investors (retail traders) and institutional investors (hedge funds, money managers, market makers, etc.) who have either gone long or short at any point in time and at any price. This means people have seen the stock and been involved with it at all different price points, whether high or low. So when someone says something like "the stock wants to go up," or "it looks like it wants to drop," it really means that the people behind it want to make it move a certain way in their favorable direction. + +Keeping this in mind, GME wants to go up for a few reasons. Stocks like to make highs, have healthy pullbacks/dips and recover to test those highs and potentially break through and create new highs, which we call a "breakout." When you think about it, it just makes sense. Some retailers and institutional investors have seen the price at $XXX before and want to see it get there again or possibly further. + +For long-term price action, there are two common scenarios: + +**Scenario 1 -** The price tests the a certain level (most likely a previous all-time high), and either gets rejected and drops, only to test it another day, or it breaks through and creates a new high and the process repeats itself. This tends to happen with healthier companies with potential and attention of retailers and institutions. + +**Scenario 2 -** The same situation but flipped occurs as well for stocks that make new lows. Investors who see a stock is worth less than the market values it help drive down the price and bring it lower to where they'd like to see it. This tends to happen to weaker, older companies that are forgotten about or nearly obscure and have flawed business models/markets. + +However, if you're a publicly traded company and have any possibility of future growth in your industry, odds are that the first scenario mentioned happens with new highs being established and tested. Unless your company is at risk of going out of business, being delisted from an exchange where it is publicly traded, or part of a failing industry, would it make sense for scenario 2 to be a possibility for new lows to be established and tested. + +GME was in scenario 2, not too long ago, *or at least it was thought to be*, by the hedge funds who shorted the hell out of it for years. As we all know now, they were very wrong as GameStop belongs in scenario 1 as it is an essential part in the very explosively growing gaming industry with lots of potential to corner the market. + +So now that we know GME is in scenario 1, what does that mean for the stock? Glad you asked. People invested in companies that have future potential want to see it succeed and if there's not many reasons it could fail, it only makes sense to trend upwards (in the bigger picture). All of this is considered very bullish, even without accounting for a MOASS, massive unclosed naked short positions, and heavy market manipulation. This stock wants to go up and test its highs as it is obvious now to the entire world that GameStop is not on its last leg. + +There is evidence of this in the charts as well. As I stated before, stocks like to make highs and test them. The higher the price and greater the pull-back, the longer it may take to test those highs. Short-term highs are created and tested constantly in many stocks, but we're zooming out a bit this time to get a better look. Long term highs like to be tested and we have seen this a few times throughout the last six months on GME. + +**Take a look at this chart and get familiar with these important levels** + +[I included notes on this chart, but will be doing a breakdown for all of these levels](https://preview.redd.it/q8svsestyp371.png?width=1776&format=png&auto=webp&s=66ca0a69bc2e81fdd3c4b037a003ad941d076642) + +**Let's break it down for you from left to right** + +We see that January's highs around 480-520 are the highest levels we could be testing soon. It doesn't seem likely that we get rejected at these levels, so once we breakout from there, who knows where the price could end up. This is the almighty long-term resistance GME faces. As stated earler, this is the highest price, so it is expected to take the most time to test. + +Next up we have the second battle of 200. In February, GME spiked in the last hour of trading (power hour) and went as high as 200 in the after hours before coming back down the 160s at the end of after-hours trading. This was a very important day because it showed us that the game wasn't over yet. For the next few days, GME stayed below 200, but that level was kept in mind. It wanted to be tested since it was GME's newest short-term high. Sure enough, only several days later, GME broke through 200 and closed above it. + +The uptrend continued in March to the point where it started testing levels not seen since January. It broke past 250 and 300 and went as high as 348.50, just before coming crashing down as hedgies dropped the price 50% in half an hour to 172. We now have a resistance level at 348.50 that is likely to be tested again sometime soon. + +After that big drop, GME continued to "sell-off" for a few weeks and established a new low between 116-120 after GME's Q4 earnings report. This level is yet to be tested, but isn't likely to any time soon. This gave us apes a pretty good idea where a strong support was and where we could expect heavy buying pressure in case of another dip. + +The next several weeks have heavy consolidation while GME trades in a range between 135 and 200. However, we are currently in an uptrend as we broke out to the upside of the range and passed the 200 level (remember the 200 resistance from February?). A new short-term high of 294 was established on 6/2 and is likely to be tested soon given the current momentum of GME. + +**Now that we know all the data, FTD cycle information, and key areas, what is the take away?** + +This is my equivalent of a TL:DR as I try to summarize everything you learned today. GameStop stock is on a current uptrend and takes a similar trajectory to January and February run-ups, which is very promising. The FTD cycles have helped ignite the spark and give GME the momentum it needs to break and hold key levels like 200 and 250, which were just tested recently. The next key areas/short term highs we are looking to test next include 294-300 and 348.5-350. If we can successfully break through those shorter-term highs, then the real all time highs are on the menu. It is very possible that we can test areas between 480-520 in the next few trading days or weeks, depending on what happens at the annual shareholder meeting and the price action we see this week. Things are starting to line up for us, and I'm personally jacked to the tits for this week. Stay strong and hold the line, fellow apes, we're so close, I can feel it. +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. +You guys are thinking to small. GameStop releases a etherium clone with 10 coins for every share. All GameStop holders install app and redeem their code to receive coins. Shorts are fucked. + +But now GameStop has the world's most widely adopted crypto currency. That can support other coins, contracts, represent shares. + +But being the god Ryan Cohen is he doesn't stop their, he moves gamestops shares to his crypto coin, and legitimizes it even further. Opening the door for other company's to do the same. + +Giving way to a new wall street called GameStop, crypto and trading. + +Cause that's how I would finish an end boss. Why just destroy them when you can rebuild what they have in a new form. Not just hurting them once, but forever changing the game for them. +What the market is going to do tomorrow has no effect on you. Imagine how many investors are losing sleep at night because they are worried about whether or not the stock they are holding will gap up or down on Monday. This is especially bad when trading options, from my experience. I know that day trading is not easy, but if you can find a good system and have the mental fortitude to stick to it, you’re gold. Both red days and green days are opportunities to make money. + +Why do you love day trading? +I often see people advising against a BTL and to just whack the money into an index. + +This is a somewhat controversial/political viewpoint but if you aren't looking to be dependant on rental income aren't you essentially having someone else buy you the house through paying rent and all you need to raise is the deposit for the property and be able to pay maintenance, stamp duty etc. If you do this through a LTD company you don't need to worry so much about the tax. + +So I just need to save £18k for the deposit on a £70k house up north and then by making payments as many payments as early as possible eventually the rental income would have paid off the mortgage and I'd have a £70k asset for putting £18k down on the house. + +Zoopla says Middlesborough has average rental yields of 7% - I guess its less than this as this is calculated by comparing house price and rental income but this hasn't considered the cost of repairs and lawyers etc which I don't know the cost of (sure someone does). + +Anyhow, assuming the price of the house did not increase in price at all putting £18k into an ISA and leaving it's going to take 22 years @ 6% to get £72k. I know this isn't highly accurate as you would probably need to add all the money spent on repairs etc to make it a fairer comparison. + +I guess the question is if you're interested in running BTL as more of a business, can wait for the income, and are less risk-averse is it not a really good investment? + +Or is my logic just completely off with this one? Young, new to PF and naive so very open to the idea I could have gotten this wrong. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, the energy this week is infectious. Every time I check the sub, I see a continued wave of ComputerShare posts, Apes sharing indicators that borrowed shares are becoming more scarce, and pushback against false friends such as Blackrock and FINRA. Seeing the price fluctuate so wildly on relatively low volume certainly helps, especially with wild after-hours anomalies such as the 30% spike at 4:20pm. While all of these things are *nothing* compared to what will happen when the first SHF moves to get out before everyone else, it's no doubt a welcome change for many among us. + +FINRA's failure to hold Citadel accountable for their misdeeds, and to outright deny that Citadel has *ever* done any wrong is despicable, but not unexpected. As with most people, the people at FINRA who make such decisions are motivated by greed or fear, and in this case it is likely both. The power and influence that Steve Cohen and Ken Griffin wield is enough to ruin anyone they turn against. While it's not *right*, it is not surprising that FINRA wouldn't stand up to them with any real strength. Especially now, when Citadel is taking outside investment and is desperate for any positive spin on their reputation, I can see how this kind of situation happens. + +However, it doesn't change the fact that Citadel has an unsurvivably large short position against GameStop, which is poised for explosive growth. Citadel created this short position through the crime of naked shorting; something that they abused their position as a market maker to achieve. Whether or not FINRA slaps them with fines or rebukes, they will still need to close their short positions at some point. When Citadel goes down, their prime broker will need to close the short positions. When their prime broker goes down, the DTCC will need to close their short positions. When the DTCC falls... well, then we get to see what real capital market reform looks like. + +Today is Wednesday, February 2nd, 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: **$114.19 / 101,41 €** *(volume: 2349)* +- 🟥 115 minutes in: $114.19 / 101,41 € *(volume: 2310)* +- 🟩 110 minutes in: $114.23 / 101,45 € *(volume: 2306)* +- 🟥 105 minutes in: $114.16 / 101,39 € *(volume: 2285)* +- ⬜ 100 minutes in: $114.23 / 101,45 € *(volume: 2263)* +- 🟩 95 minutes in: $114.23 / 101,45 € *(volume: 2231)* +- 🟩 90 minutes in: $114.01 / 101,25 € *(volume: 2224)* +- 🟩 85 minutes in: $113.95 / 101,20 € *(volume: 2164)* +- 🟥 80 minutes in: $113.94 / 101,19 € *(volume: 2126)* +- ⬜ 75 minutes in: $114.01 / 101,25 € *(volume: 2114)* +- ⬜ 70 minutes in: $114.01 / 101,25 € *(volume: 2113)* +- ⬜ 65 minutes in: $114.01 / 101,25 € *(volume: 2091)* +- 🟥 60 minutes in: $114.01 / 101,25 € *(volume: 2035)* +- 🟩 55 minutes in: $114.20 / 101,43 € *(volume: 1928)* +- 🟩 50 minutes in: $113.84 / 101,10 € *(volume: 1822)* +- 🟩 45 minutes in: $112.61 / 100,01 € *(volume: 813)* +- 🟥 40 minutes in: $112.56 / 99,97 € *(volume: 813)* +- 🟩 35 minutes in: $112.62 / 100,02 € *(volume: 798)* +- 🟩 30 minutes in: $112.60 / 100,00 € *(volume: 775)* +- ⬜ 25 minutes in: $112.57 / 99,97 € *(volume: 700)* +- 🟩 20 minutes in: $112.57 / 99,97 € *(volume: 670)* +- 🟥 15 minutes in: $112.54 / 99,94 € *(volume: 638)* +- 🟥 10 minutes in: $112.61 / 100,01 € *(volume: 447)* +- 🟥 5 minutes in: $112.62 / 100,02 € *(volume: 439)* +- 🟩 0 minutes in: $112.67 / 100,06 € *(volume: 11)* +- 🟩 US close price: $112.60 / 100,00 € *($112.55 / 99,96 € 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 1.126. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi folks, I put the story of why I’m posting this at the end so that anyone who wants cold hard advice doesn’t have to read through it. + + +Calculating your total compensation is easy: + +* take your base salary and write it down + +* jot down any company match that you get for a 401k. (% times base salary) + +* take your base salary and divide by 12 then divide again by 20. Then multiply this number by how manny vacation days you get per year and how many pod holidays the company gives off per year. + +* write down any annual contribution that your employer gives to your HSA if you have one. Also jot down any other monetary “perks” that your job provides (company car, company has, parking pass, etc.) + +* add all of these numbers up. + +* add up any monthly premiums you have for health, vision, dental care. Times this number by 12. + +* subtract this number from the number you got in step 5. You now have a number of what the “total compensation” for your job is. Use this number when comparing job offers. + + +So why am I posting this? I just recently was interviewing with a company and the HR person. Called to ask what compensation I was looking for. I tossed out a high number and he immediately said “well I can’t do that, but do you mind if I tell you what the base salary and benefits will be?” When I took the above strategy of calculating things, I found that the total compensation for the position was **higher** than the number that I had tossed out earlier. I told him this and said that financial reasons would not affect my decision to accept/reject the position. + + +He seemed relieved at the end and said that he struggles sometimes with offers. He mentioned that a lot of people get real mad when their base salary isn’t high enough regardless of how great the benefits are and turn down the offers which really bums him out. + + +So I came to the realization that many people don’t know how to do this calculation in order to compare jobs in a better way and wanted to share. Maybe you have reasons for not caring about benefits and only wanting pure salary, that’s ok. I just want to be sure that you have all the tools you need in order to make a well-informed decision. +Hi everyone. Was hoping for some advice on 1) what type of accounts I should open (i.e. 529 and other) as well as 2) any tips on how you have navigated teaching your child(ren) about money, starting at a young age. I have thoughts and ideas, but transparently neither myself or my husband came from families who were the best at this sort of thing, everything we know is self-taught and both of us learned from mistakes along the way. So I know we may have gaps in knowledge. Was just curious what worked for you and what didn’t. + +Edit: Wow thank you everyone for your responses! I really appreciate this and you taking the time to provide very thoughtful responses. So much helpful information on the accounts and lots of creative ways to educate your child. My daughter will thank you. 😊 + +Edit x2: Also the comments about ensuring you take care of your retirement first are spot on and often overlooked. This really resonates as my husband and I are often concerned about our family members - it’s obvious they aren’t saving enough. I don’t want my child to think these things about us. Fortunately we are taking steps to make that not the case but it just drives the point home. +I have a car I bought brand new paid outright in 2010 that's just done 140,000. I know I lost a lot of value early on, but now I reckon it's been pretty economical that I hung onto it, it now has value and has cost less than £250 per month in real terms. I'm now looking for a replacement. +Are we better off buying something at 3 years old and selling at 6, or buying at a certain mileage and selling before it loses all value? Or just running something into the ground? Where is the sweet spot? +What have residential auctions this weekend been like for everyone, what’s the market like at the moments in which ever state you are in? + +I’m particularly interested in Sydney and Melbourne. +Hi all, I’ll be switching jobs soon and will likely be moving up in tax bracket within the next year. I’ve been contributing 10% to a Roth 401(k) from the get-go, but am wondering if I should switch to traditional once I begin the new job. + +Thanks all. Any other contribution / saving advice is much appreciated! I additionally contribute to a discretionary investment account and cash savings account (hoping to buy property in ~2 years and am building that down payment) + +Edit: I’m also maxing my employer contribution match on the 401(k) + +Edit 2: removed background info +I'm only six years into my loan and have a rate of 3.75%. Freedom Mortgage is now the holder of it. They keep hounding me about refinancing to 3.25%, and say they will cover all costs except $1000, which is rolled into the current loan. And I dont have to start over, meaning I stay at 24 months left. + +I'd only save roughly $45 a month, and they say $13k in interest of the years. Ok, fine. But I don't get what's in it for them? They've been so persistent and I don't know why. Makes me feel I'm missing something but I can't figure out how they'd benefit +The wife and I have $2 million in retirement funds, mainly from 401ks which now the money sits in IRAs. About $300k of that money was already taxed before going in. We are both 50. I have a son that has one year of high school left. I pretty much have enough in his college fund to pay for his undergrad. Can I retire in 5 years if I pay my house off by then? I know there a lots of variables. Putting health insurance aside. Thoughts? +GameStop wants you to use the proxy. + +If you want, you can use the gme@info.morrowsodali.com to mail proof of shares. But vote ASAP using the proxy, they specifically called it out. + +You can read it for yourself here on page 8, section 5: + +https://investor.gamestop.com/static-files/69239be2-1b34-444e-b981-ad69b586cedb +I know the car question gets tired here, but the tesla subs are so polarized. + +I have decided to give a tesla a try with the next car. We lease our cars and the sedan is about up for renewal. We have been in a Lexus es fsport for two leases and really like the car and company, but I am in the mood for something different. + +So, my dilema is deciding between the Tesla 3 performance and the new S long range. Coming from a loaded Lexus, will the 3 feel less luxury? + +Also, I plan on leasing it as we have with the Lexuses, but my rationale there has been that we like the tech refresh every few years. With software updates being automatic, is that less of a reason to lease with the Tesla? +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’ll be in a great position after this year. I’m 33, wife is 32 and we have a 1.5yr old and a baby on the way. Over the last two years my NW as exploded from 500-700k to 4.5M and counting thanks to the bull market and crypto. I could keep running with the money by purchasing a larger partner’s share of my firm but I’m feeling burnt and seeing older family members pass away this year, have come to realize the unexpected brevity of life. My yearly expenses are small, ~100k. So realistically I could probably retire this year and live a fairly comfortable life while still watching my NW grow, just not as rapidly. My goal has always been 5M but recently moved the goal post to 10, anticipating possible lifestyle creep like buying a bigger house to better accommodate the kids and possibly entertaining extended parental stays. + +I’m beginning to wonder if this will continue to happen as I attempt to mitigate one serious gate to a higher risk tolerance life for my kids. I come from a family that was upper middle class as a young child but lost everything when my dad had a stroke and could no long work and my step mom got breast cancer all at the same time. Basically fell into poverty from there and imbued in me a hurried, always-on-the-go survival instinct that also made me risk averse, which I ardently worked towards changing. I want to slow down now but don’t want to give up too much upside or have my money dwindle and regret not working until at least 7-8M. + +For those who have been retired for some time now, how have you felt about your money? When things went belly up in March, what thoughts went through your head? How’d you stomach the drop in the moment? And did you recalibrate because of it? On the topic, did you change your portfolio allocations in retirement? Or have you continued to invest aggressively? +Does anyone feel like the Canadian equities market is so poor in diversity? Its mainly financial services, energy, and telecoms. Everything else is extraction of natural resources. My portfolio already consists of 60% banks and 20% Enbridge, and I want to diversify my Canadian holdings, but there feels as though there is no additional industry to diversify into. +Is investing in foreign equites markets really the only way? +I have heard there is a 30-day rule but haven’t been able to confirm that. I get that short-term betting isn’t ideal, but sometimes I’d like to get out of a trade if 1) the stock has major gain shortly after I purchase it or 2) I need cash to buy another stock. + +Should I worry about holding stocks for at least 30-days? +This subreddit is slowly going down same path that r/GME went down about two weeks ago. All of a sudden everybody is accusing everybody else of being a shill or a bot and memes are overflowing actual DD. + +It is very important that you realize that this is all FUD. I think that some people have realized how much we like memes and they are actively using that against us. Furthermore, they are making us doubt the people have led us up until this point. After all these months, do you honestly think that the mods here would suddenly give in to bribery? When the battle might soon be won? Of course not! As u/rensole says every day: stay excellent to each other. The strongest weapon the apes have is kindness, it sets them apart from angry shills. +Hi all, + +This morning I got laid off from my job. I used to make $75,000.00 a year as a Mechanical Engineer for a mid size oil service company. + +I signed an " At\- will" employment contract, basically they gave me no reason as why I was laid off...I think it was not performance related, just a poor relationship with my direct supervisor. Every other manager was happy with my work. I had to block mysupervisor on LinkedIn, as she would look at my profile every week...and she followed me to my car once, yelled at me and asked why I was leaving, I had only gone to get my glasses from my car. Enough about that. + +I'm a single female, living in Houston, TX. My family is in another country, and some relatives in the Austin TX area. + +When I started last year in July, I decided to not contribute to retirement at this company as I wanted to get out of debt. I started with $92K in debt. I've paid off 2 credit cards, one student loan and most of my car. + +I've managed to decrease my rent, my interest rates on my debt, and my car insurance. My rent went $1,320 to $917 starting April 2018, moved closer to work, saved time and gas. + +Car insurance went from $250 to $180...once I moved my rate was gonna increase so I negotiated better rates elsewhere. I reduced the rate on one of my credit cards from 25&#37; to 18&#37;, still high but lower than before. I felt like I was doing the right things, and I just got fired and have little to no back up plans. I also stopped saving entirely, every extra cent was going either to school, or towards debt. + +I used to make $4,690.00 a month, after taxes and deductions. + +I cashed out the retirement money I had from a previous employer to pay off my credit card debt. Paid a hefty penalty when I did my taxes. So far, I've reached out to my network, updated my LinkedIn profile, started looking at jobs and saving the ones I have the skills and experience for, I will apply later today. I will file for unemployment also, and get some medical insurance, not COBRA. + +I plan on doing UBER to make some money until I find another high paying job. The city I live in, you can make around $500 to $1500 just working weekends. Full time....I hope to make more than that. + +Below are my my monthly expenses and debt + +**Current accounts** + +Checking: $20.00, last paycheck tomorrow \($2,340\) + +Savings: $0 + +Retirement: $0 + +Crypto: $2,500, bought in early, have not bought more since March 2018. + +**Monthly Expenses** + +**Rent:** $917.00 + +**Insurance:** $180.00 + +**Car payment: $**446.00 @ 1.9&#37; with a credit union, + +**Gas:** $50.00 + +**Groceries:** $75.00 + +**Utilities:** $45.00 + +**Phone:** $70.00 + +**Debt** + +Sofi: 252.00 + +Marcus: $170 + +Student Loans: $70 + +Discover: $160 + +AMEX: $220 + +**Below are my debts:** + +Loans, Sofi: $8,829.00, @ 12&#37;, + +Loan, Marcus by Goldman Sachs: $5,673.57 @ 12&#37; + +Car loan: $10,966, @ 1.9&#37;, 24 payments remaining...I've been paying more to it + +Credit Card 1, Discover: $8,258.00 @ 0&#37; until October 2018 + +Credit Card 2, AMEX: $11,418.00 @ 18&#37; + +Student loans through Navient + +$1609.31 @ 5.6&#37;, I was gonna pay it off this month :\-\( + +$ 3,938.09 @ 4.5 &#37; + +$3,824.79 @ 3.4&#37; + +$$2,807.55 @ 3.4&#37; + +Last year I had over $40K in credit cards, I paid 2 off and cancelled them. I've gotten my spending under control. I just need to know best path forward, and any other advice regarding how to approach employment and my debt. + +Nobody every taught me about money, and once I learned about investing and debt, I decided to get out of debt. + +In 5 years, I don't want debt, I want freedom to chose who I work for, and multiple sources of income. + +Any advice is appreciated. +Hi, +I have had a repeated issue with my dentist where while the claim is processing or, in this case three months after payment was made, my dentist bills me the full amount. Upon calling the insurance company, they inform me that because the dentist is in-network, this behavior is not allowed as the insurance paid the entire allowed amount. Patient responsibility is listed at 0$ for preventative care, however I am still billed for the service. The office billing person works from home and does not return phone calls, nor does she answer the phone. The receptionists, when I have gone down there, tell me the balances in the computer do not match the bills I receive in the mail, nor what the insurance company says (0$). The insurance company says I can’t file a fraud complaint without trying to work it out with the office, but they are not responsive to contact attempts. Is billing a patient after they’ve already received a full payment from patient insurance illegal/ what can I do about this? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello /r/personalfinance + +For the past few weeks I've been slowly losing my mind as I bounce back and forth from the IRS and Healthcare Marketplace trying to clear up my health insurance status. To give you all a little background information, I had insurance through the Healthcare Marketplace in 2015 but for 2016 I received heath insurance through my employer. Throughout the course of 2016 I would receive random mailings from the Marketplace telling me my application was not completed and that I would lose coverage. After receiving these I would call and spend an hour or two on the phone with them attempting explain that I had coverage through my employer and that I would like for them to cancel / remove / reject / whatever any application they had on file for 2016 (I never filled one out, I assume they just carry over). I was assured numerous that the issue was resolved but alas it was not. + +Just yesterday I finally received the 1095A form (after my wife pleaded with them to send one) and the form states that we, as a family, had insurance through the Healthcare Marketplace for 2016. I never paid a single cent into any plan through the Marketplace and, as I previously mentioned, was assured that any policy I had with them was canceled. I spent some time on the phone with the Healthcare Marketplace yesterday (was transferred 4 times) only to be told that a case worker would review my file and send me their results in the next 30 days. For obvious reasons (the IRS requested that I file an extension so I'm going through that as well), this process is taking up an enormous amount of our time, taking us away from work and our children, for what appears, to us at least, to be something that could so easily be resolved. + +As for the IRS, its incredibly hard to get someone on the phone and when I do, they could care less. I've offered to submit proof of insurance through my employer but all they seem to care about is the incorrect 1095A through the Marketplace. + +I don't have the money to go and get some sort of tax attorney to review this for me so I'm turning to you all in the hopes that you can lend me some advise. + +So, have any of you experienced the same thing? Can any of you offer some advise on what steps I could take to get this resolved? + +Thanks in advance for all opinions and advise offered! + +**UPDATE** + +"I've been here 10 years and never seen anything like it. I'm befuddled." + +After reading your responses (THANK YOU ALL!) I reached out to both the Marketplace and the Insurance provider and somehow managed to get on a conference call with the three of us. What I've found is that each party is misinformed about what the other does, is responsible for, or the extent of which they can help. + +Anyway, The Insurance Provider was able (after some prodding) to look back at my payment history and verify that I never made a policy payment or made the original binder payment. She confirmed that the policy should have been cancelled after 90 days but that there was a "guardian angel" looking after me and that she's "been here 10 years and never seen anything like it. I'm befuddled." + +To streamline this, heres the summary: + +The Provider states I had an active policy for all of 2016 despite never making a single payment. According to policy, after 90 days of non-payment, I should have been cancelled. I wasn't. + +The Marketplace defaulted to the providers records and issued a 1095A stating I had coverage because, according to the provider, I did. Despite being told on previous calls with the Marketplace that they couldn't check payment records, I came to find out that they can indeed check payment history. This doesn't come as a surprise because over the course of 2016 I spoke with them a few times about payment notices and they confirmed with me that the issue was resolved and my policy was backdated and cancelled. It wasn't. + +I have two escalations tickets in the works at The Marketplace to correct the 1095A and my account reflecting an active policy. I have another ticket at the Provider to cancel and backdate my policy due to non payment to Jan 1st 2016. My concern is that the escalation team at the Marketplace will act quicker than the Provider, check for coverage, bringing me back to square one. Exciting times... + +As for the IRS, I filed an extension a few days ago so hopefully all this gets resolved within the next 25 days. + +I think I covered it all. I'm sure I'm leaving a lot out but man, this has a challenging process. I have a whole new respect for accountants and tax professionals. + +Anyway, thanks for all the advice! If there's any actual interest in the resolution, I'll make an update post. + +Have a great week, everybody! +Given the current mkt levels and the current economic state of our country, I am reluctant to start a new SIP. I read on freefincal that SIP return s are highly dependent on when u start the SIP. hence this question. Please help. +So in this budget we can invest upto 10 percent of the Basic salary on top of 2 lac in NPS. + +I know the exit conditions are very bad, but does it make sense investing here to save tax. +Preface: Been asked by several apes to repost this DD I wrote 2 months ago in r/gme to here for newer apes and for visibility. I've made some slight edits / updates as well. And now, without further ado... + +&#x200B; + +So you've been combating FUD, HODLing/buying during 30-60% dips, and reading DD nonstop cuz you like the stock. Congratz, you have been doing well on the front lines and you've been surviving. But this is actually just the easy part. The hardest part is actually knowing when/how to sell and actually turning those shares into tendies, because obviously it doesn't matter how much we hold if we mess up during the squeeze and fail to capture most of the value of the shares. And that's why we're going to add a wrinkle on your ape brain today and discuss about your EXIT STRATEGY. + +&#x200B; + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +# What is an EXIT STRATEGY, and why is it important? + +&#x200B; + +An EXIT STRATEGY is your plan for how and when to sell your shares. This is arguably the most important part of trading, as this is the step that determines how much money you're actually getting. Obviously we're not going to rely on just emotions, or luck, or just YOLO / 360noscoping the sell button arbitrarily during the squeeze, but we're gonna use our wrinkles to get a better educated guess as to when we're going to sell our shares. Not knowing how to sell our shares well will not only give you as an individual less profit, but also might hinder the squeeze and rob the rocket of rocket fuel, meaning the squeeze won't be as high as it could have been, and meaning ALL APES will have less profit. So read, learn, grow a wrinkle or two, and don't fuck it up for the rest of us! + +&#x200B; + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +There is already two EXCELLENT DD's on this, and just in case reddit dies during the squeeze, or if these posts gets deleted, here is the archived version as well; copy and paste the articles themselves or the links to save them just in case. + +&#x200B; + +**Wedges and Triangles:** + +&#x200B; + +\[[https://www.reddit.com/r/GME/comments/m073v6/exit\\\_strategy\\\_dd\\\_a\\\_comprehensive\\\_guide\\\_to](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to)\]([https://www.reddit.com/r/GME/comments/m073v6/exit\_strategy\_dd\_a\_comprehensive\_guide\_to](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to)) + +&#x200B; + +\[[https://web.archive.org/web/20210309074023/https://www.reddit.com/r/GME/comments/m073v6/exit\\\_strategy\\\_dd\\\_a\\\_comprehensive\\\_guide\\\_to/](https://web.archive.org/web/20210309074023/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)\]([https://web.archive.org/web/20210309074023/https://www.reddit.com/r/GME/comments/m073v6/exit\_strategy\_dd\_a\_comprehensive\_guide\_to/](https://web.archive.org/web/20210309074023/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)) + +&#x200B; + +**Short Squeeze Case Study: $DRYS** + +&#x200B; + +\[[https://www.reddit.com/r/GME/comments/m0r4kg/gme\\\_exit\\\_strategy\\\_here\\\_is\\\_what\\\_i\\\_not\\\_we\\\_i\\\_am](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am)\]([https://www.reddit.com/r/GME/comments/m0r4kg/gme\_exit\_strategy\_here\_is\_what\_i\_not\_we\_i\_am](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am)) + +&#x200B; + +\[[https://web.archive.org/web/20210319103103/https://www.reddit.com/r/GME/comments/m0r4kg/gme\\\_exit\\\_strategy\\\_here\\\_is\\\_what\\\_i\\\_not\\\_we\\\_i\\\_am/](https://web.archive.org/web/20210319103103/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/)\]([https://web.archive.org/web/20210319103103/https://www.reddit.com/r/GME/comments/m0r4kg/gme\_exit\_strategy\_here\_is\_what\_i\_not\_we\_i\_am/](https://web.archive.org/web/20210319103103/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/)) + +&#x200B; + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +**Some new/repeated points that needs to be reiterated or may not have been covered above:** + +&#x200B; + +\- GME holders don't want to sell on the way up, but they'd **\*\*want to start selling after the peak on the way down\*\***, to potentially minimize the regret of selling at $10k but seeing the stock hitting $10 mil, $20 mil, and beyond. Plus selling on the way down ensures the stock can reach it's max price. + +&#x200B; + +\- **\*\*We don't need to worry much about paper hands selling early\*\*** at like $5k or $10k because they make up only a small part of retail investors, and because of the short interest is estimated to be anywhere from 200% - 300% all the way to over 500%, it means our wallstreet bagholder shorters will need to buy these shares back multiple times to cover their position, so even if they buy all the paper hand shares, they'll need to do it again multiples of times to even start to cover. They'll buy multiple times to first cancel out the naked shorted positions, then lastly buy a final round to actually cover the legit short positions they have. + +&#x200B; + +\- The short squeeze isn't going to last for 2 minutes and that's it. From previous short squeezes, **\*\*the build up to the top will last for days, so you'll have PLENTY of time to see it coming\*\***. And even at the very top, the price will bounce around a bit before heading down again to earth, so you'll have plenty of time to sell (by plenty of time I mean more than a few minutes, how much time actually I don't know) + +&#x200B; + +\- **\*\*When you sell, sell with a limit order, not a market order\*\***, because you don't want some freak accident or some illegal shinnanigans where the stock price is worth $10 mil but because you did a market order sell, you somehow got only $50k for your share. From more reading, the bid/ask spread of GME during the squeeze could be stupidly wide, ie bid prices of $10k vs ask prices of $10 mil, so if you sell a market order you'll hit the bid price of $10k. Another situation is your broker routing your orders through market makers like Citadel, and who knows what could happen once they receive your orders. From the DDs it's possible your order won't even make it to the market, and they'll get swallowed up by Citadel instead and you just get back pennies compared to what your shares should be worth. + +If your broker doesn't allow you to do limit sells, it's okay you can do market order sell, but expect there to be a difference (usually small but sometimes bigger during times of high volatility) between the market price you see reported on your brokerage platform vs the actual price you sell it at. The problem with limit order selling is that you have to manually view the price all the the time, waiting for the price to hit whatever level you were planning to sell at. Warning, in times of EXTREME volatility, if you set your limit too close to the current price, there is a chance it won't execute. For example, if the stock is dropping from $1 mil, and you go and spend a minute to set up a limit set order at $990k, by the time you finish clicking and typing, the price could already be at $989k by the time you submit the order, and your order won't fill. Best to have looser sell limit of like maybe 5-10% below current price, or even more, during times of extreme volatility. If you want to, you can also set a trailing stop limit order, which is something that limits how much you can lose but doesn't cap the gain. The issue with setting a trailing stop limit order is that if you don't set it properly, ie, not giving yourself enough room, then potentially any volatile spikes downwards on the rocket ride up could accidentally trigger those stop loss limits and make you sell prematurely, kicking you off the rocket before it arrives at andromeda. For example, in the $DRYS example in the linked DD, if you set your trailing stop loss to be 10%, then you would have gotten kicked off the rocket at only a little past half way. If you just use a plain old limit order sell, then that gives you the most control. I guess you could also set a trailing stop limit order sell at 10% below current price once the price goes past your target price. For more info: \[[https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15#:\\\~:text=A%20trailing%20stop%20order%20is,is%20not%20a%20specific%20price.&text=However%2C%20if%20the%20security's%20price,reaches%20the%20trailing%20stop%20price\](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15#:\~:text=A%20trailing%20stop%20order%20is,is%20not%20a%20specific%20price.&text=However%2C%20if%20the%20security's%20price,reaches%20the%20trailing%20stop%20price](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15#:~:text=A%20trailing%20stop%20order%20is,is%20not%20a%20specific%20price.&text=However%2C%20if%20the%20security's%20price,reaches%20the%20trailing%20stop%20price](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15#:~:text=A%20trailing%20stop%20order%20is,is%20not%20a%20specific%20price.&text=However%2C%20if%20the%20security's%20price,reaches%20the%20trailing%20stop%20price)). + +&#x200B; + +\[[https://www.investopedia.com/terms/l/limitorder.asp](https://www.investopedia.com/terms/l/limitorder.asp)\]([https://www.investopedia.com/terms/l/limitorder.asp](https://www.investopedia.com/terms/l/limitorder.asp)) + +&#x200B; + +\[[https://www.investopedia.com/terms/s/stoporder.asp](https://www.investopedia.com/terms/s/stoporder.asp)\]([https://www.investopedia.com/terms/s/stoporder.asp](https://www.investopedia.com/terms/s/stoporder.asp)) + +&#x200B; + +\[[https://www.investopedia.com/terms/t/trailingstop.asp](https://www.investopedia.com/terms/t/trailingstop.asp)\]([https://www.investopedia.com/terms/t/trailingstop.asp](https://www.investopedia.com/terms/t/trailingstop.asp)) + +Another potential risk of everyone setting a trailing stop loss, especially at the early stages of the squeeze, is for the shorts to do a MOANS (Mother of all naked shorts) and drive the price downwards to trigger everyones trailing stop loss. I think this is what happened back in March where the price dipped 50% in a day. When the price is like WELL on it's way to the moon, I'm pretty sure at that point the shorts will have no more ammo left to do any extreme funny business, so a trailing stop loss at that point (not too tight) could be suitable. + +EDIT: Some have told me they can't set limit sell orders below current market price. If that's the case maybe it's better to set a stop loss sell order so when the price hits that stop price, the order will fill. Problem with that is your order won't execute right away if the price remains higher than your stop price. Or just do a market sell order and hope the actual sell price is close to the reported sell price when you submit the order. Each brokerage behaves a little differently so it's best to get to know the ins and outs of your own particular brokerage. + +Another method if you really have market sell orders only available for your broker is to sell 1 single share at a time. If nothing shady happens, then you can keep on proceeding to sell your shares a couple at a time with your market order. But if you sell a share and you get back like $10k instead of $10 mil, then obviously you'd want to hold off of selling the rest of your shares and figure out how you can sell using alternative options (maybe changing the routing? Ask your broker) + +&#x200B; + +\- **\*\*Don't panic when the price halts\*\***. It's supposed to halt when there is a drastic change in price, either up or down. Because of these price halts, you'll have even more time to react when the price sky rockets.\[[https://www.investopedia.com/terms/t/tradinghalt.asp](https://www.investopedia.com/terms/t/tradinghalt.asp)\]([https://www.investopedia.com/terms/t/tradinghalt.asp](https://www.investopedia.com/terms/t/tradinghalt.asp))\[[https://www.investopedia.com/terms/c/circuitbreaker.asp](https://www.investopedia.com/terms/c/circuitbreaker.asp)\]([https://www.investopedia.com/terms/c/circuitbreaker.asp](https://www.investopedia.com/terms/c/circuitbreaker.asp)) + +Just halts alone on the way to the peak is gonna take up hours of trading time. + +&#x200B; + +\- Make sure your brokerage actually allows you to sell your shares at your price target. I've heard some brokerages have a limit on how big your order can be or maybe have limits to your account itself. Example, if the brokerage has a limit on transactions being less than a mil, then you'd be screwed if you're trying to sell GME for more than a mil. Also, it's a bit different than being allowed to set limit prices at like a mil while the current price is still $200. Even for the broker I use, they said there is a limit to what price you can set a limit sell order at, and that limit changes depending on the stock price. So if GME rockets, so should the limit sell price cap. + +&#x200B; + +\- Watch the volume as well. It's expected the volume to increase signicantly during the squeeze, probably being at it's max around half way into the squeeze, and tapering off towards the top of the squeeze. Conversely, the sell volume will be almost non-existant in the middle of the squeeze, and will increase gradually as we get to the top and then down on the other side back to earth.\[[https://www.thebalance.com/buying-and-selling-volume-1031027#:\\\~:text=Total%20volume%20is%20made%20up,were%20associated%20with%20selling%20trades](https://www.thebalance.com/buying-and-selling-volume-1031027#:~:text=Total%20volume%20is%20made%20up,were%20associated%20with%20selling%20trades)\]([https://www.thebalance.com/buying-and-selling-volume-1031027#:\~:text=Total%20volume%20is%20made%20up,were%20associated%20with%20selling%20trades](https://www.thebalance.com/buying-and-selling-volume-1031027#:~:text=Total%20volume%20is%20made%20up,were%20associated%20with%20selling%20trades)). + +\- [While OBV (On-Balance Volume)](https://www.investopedia.com/terms/o/onbalancevolume.asp) is good for seeing a bigger picture of the general trend of a stock (ie: GME OBV = we're HODLing very well), the way it's calculated is looking at day to day volumes. Meaning it'll still be good for monitoring the squeeze process over the course of a week or two (not sure how long it'll really last), but OBV is pretty much useless if you want to see intra-day activity. Correct me if I'm wrong. For intra-day momentum indicators, MACD and Stoch RSI is still your best friend. Although ,they are known as [lagging indicators](https://www.investopedia.com/terms/l/laggingindicator.asp#:~:text=A%20lagging%20indicator%20is%20an,trends%20and%20changes%20in%20trends), so they won't be able to exactly capture changes in momentum in real time. + +\- Also, make sure you have access to multiple ways to access your account to sell. IE: Don't rely on your ghetto phone at like 3% battery left on the day of the squeeze to sell on your app. Have multiple devices ready, phones, laptops, desktops, all set up to log in quick and to issue sell orders at a moment's notice, all fully charged. + +***\*\*- lastly, the peak will not be whatever number you want it to be, or whatever number we all want it to be. It could, or it could not. The peak will simply be the peak. Don't just blindly hold to a certain number thinking that it's gonna be the peak. You must always check all the indicators as the squeeze is happening and monitor carefully so you don't miss the peak. All the prices we've been asking for are theoretical. None of us are prophets. Do your own due diligence during the squeeze, don't rely on others.\*\**** + +\- Have multiple ways of monitoring GME price movements / doing TA on GME. I'm just paranoid that during MOASS the powers to be will shut down Yahoo Finance, Trading View, Think or Swim, etc, so that we're trading blind. You'll need multiple backup methods of monitoring stock price + momentum indicators. If anyone has a list, then by all means let's brainstorm and get a list going. Personally my broker also offers this service so if worse comes to worse I'll just use my broker's ghetto UI chart for GME. + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +⭐EXIT STRATEGY EXAMPLE⭐I'm sitting here masturbating and suddenly the price jumps from trading sideways at $200-$300 to $400. I know something's up. So I now actually stay paying attention to the price. The price goes up past $1k. Okay, maybe it's a gamma squeeze, and it's transitioning to a short squeeze. There has been a LOT of halts along the way, but it's fine, because as the price is rising, in my head I'm thinking that the share will go past $100k minimum, so if there are slight dips along the way I don't panic. After several hours, the price has hit $5k and the trading day ends. My portfolio is now sitting at over a mil of unrealized gains. Now I'm fighting myself. Should I sell? I mean, a mil is a lot, more money than I've ever seen in my life. A mil can make my parents retire not too shabbily either. Or, should I wait until tomorrow? Everyone will have inner struggles at this point with their inner paper hand demons. But at this point I take a look at the overall volume. Multiple times higher than pre-squeeze, but is it enough for all the shorts to have covered? If not, then why sell? Shorts still are buying to cover. What are the MACD and RSI saying? I'd wait until the next day. Next day, a bit of a sell off due to paper hands. Expected. After a 15% dip, the buying continues and stutters and gaps it's way up to $20k, and the trading day ends again. Same thing, now I think to myself, damn I have over $5 mil I can just pocket immediately. Probably don't have to work for the rest of my life if I'm careful of spending. Should I sell? This is a personal question, only you, fellow ape, can answer. But I'm holding to bankrupt the DTCC so I'm not selling at this point. Rinse and repeat until the price gets REALLY interesting. + +I am also keeping an eye on technical analysis indicators in the above linked DDs to try and guess where the top is. Let's say the price has reached $1 mil, and it paused there, and the indicators are starting to point to a reversal. Whether $1 mil is the top or not, we don't know, but we can still wait to see if it breaks out and rockets up further. At that point I could: + +1. Put in a 10% trailing stop limit sell order on my 10% of my shares at $1 mil. If it goes up, then I will still on the ride to the top. But if it goes down 10%, then it'll fill my sell order. At that point, I have 90% of my shares left. I can set another stop limit sell order with 10% of my shares at 10% below the new current price. If the share goes back up past a mil on it's way to the peak (which I still don't know what it is), then I'm still on the rocket with 90% of my shares left. If the stock continues to go down and my 2nd order is filled, then I'm going to rethink how much I plan to sell next. And I don't think at that point near the top there would be any more volatile movements of 10% or more, but this is pure speculation. One thing for certain is I'm not going to fire all my bullets at a single shot and sell everything. Chances are you've failed to pinpoint the exact peak, and the real peak is at a different price point. Selling in smaller chunks lets you have more chances of actually reaching the peak instead of blowing your load at like 20% on the way up. + +&#x200B; + +PS: Before you all accuse me of anchoring the price at a mil, $1 mil per share is just an arbitrary price point I picked to illustrate an example. Could be 100x higher , could be lower, no one knows. I don't know how high it'll moon, that's why this post exists in the first place, so you do the DD and know the technicals so you can guesstimate where the top is when it happens. The numbers can change, but the strategy won't. $1 mil is just an easy number to type. + +&#x200B; + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +**# Warning, the ULTIMATE FUD is coming, and the ONLY way to combat it is to have a solid exit strategy NOW.** + +&#x200B; + +With the way things are going on our sub, I almost can guarantee when the squeeze starts and when the price hits $1000 or higher, we're gonna be FLOODED with fake DD's saying that it's the peak and here's why, with lots of technical charts and crayons and lines and fancy trading language and other bullshit to try and trick people into selling. If you don't sufficiently do your DD now and understand why $1000 will NOT be the peak, then I can guarantee you you're gonna paper hand and sell at $1000. Knowledge is power, and HFs know that. That's why posts like this gets downvoted to oblivion as soon as it comes out. EDUCATE yourself, form your exit strategy NOW, and stick to it through thick and thin, through the FUD FLOOD armageddon that will come. + +&#x200B; + +Adding to this, as mentioned by another user, while r/superstonk bans gain p0rn until the whole thing is over, r/wallstreetbets and other subreddits will not, so you're going to see a whole flood of people posting gain p0rn after selling at $1k or $2k, and buying various articles of luxury maybe, like lambos. You have to prepare yourself now for that day when reddit front page is just all GME gain p0rn. Are you also gonna FOMO and paper hand it before GME truly reaches the stars, because the shill tactics then is making it look like everyone else is selling,and you're afraid of being a "bag holder"? + +&#x200B; + +***EDIT 2:*** Some are saying not to sell on the way down because there is no more demand and you'll be caught holding the bag, thus you should only sell on the way up. This is only correct if you assume that the very last few shares hedgies need to buy, the last shares out of all 300%+ of outstanding shares, is bought at the very peak, and after that, demand drops to exactly 0% and there is not a single person buying anymore after the peak. But is that a realistic assumption? Up to you to decide. My thinking is that there will be sellers who sell on the way up, and there will be buyers as well on the way up. But some people will wait until the peak and sell on the way down, just like there may be buyers who wait until after the peak and buy on the way down. I personally don't believe there is a hard cut off at the peak where the buy volume suddenly drops to 0. The amount of buyers and sellers at each price point during the squeeze should follow a gaussian distribution curve, imho. + +***EDIT 3***: I have some apes saying they don't believe in TA when it comes to GME. Their argument is based on the fact that TA is largely based on historical patterns of trading and is not applicable to a heavily manipulated stock such as GME. True. But they would be lumping all of TA together in one big umbrella. TA emcompasses many indicators that are calculated using many different metrics that allows one to analyze many aspects of stock behaviour. While it is true that in general TA is based on "normal" historical patterns of human and institutional trading and would be skewed or even wrong when used to analyze a heavily manipulated stock such as GME, that's not what I am stating or claiming. I'm just using 3, which is volume, Stoch RSI, and MACD. During pre-moass, HFs still has enough ammo to keep naked shorting and manipulate the price movement, but during the actual MOASS, when they're all margin called, they'd just be focused on covering and buying, and won't have the resources to manipulate the stock to as strong of a degree. Moreover: + +1. I'm not saying to use any TA, I'm specifically saying use MACD and Stoch RSI. MACD is calculated based on EMA, and EMA is based on pricing for the last X number of days. While HFs can manipulate many things, during the squeeze, I doubt the HFs can manipulate the price anymore, so EMA and thus MACD should still be of use. Plus if the squeeze is to last for a week or two, then MACD would be perfect to capture and process data during that period as well as a week or two before the squeeze because you're using the 12-period EMA and 26-period EMA. TL;DR, MACD is a momentum indicator that should be difficult if not impossible to manipulate let's someone see overall trends in buying and selling, which is something that one would want to analyze anyway to try and make an educated guess as to when the top is. +2. Stoch RSI is calculated based off of RSI, which in turn is calculated based on an average gain / loss over a 14 day period. Gain and loss, similar to the average price, is something that is very hard to manipulate, especially during a squeeze, so the Stoch RSI should provide accurate look at momentum, relatively free from giving false data due to manipulation. Again, Stoch RSI is used to analyze the momentum of a stock, whether it's still bullish or beginning to turn bearish. + +And I am of the opinion that data is king, and the more data and info we have to make an informed decision, such as the decision of when to sell and how to sell, the better it is. It sure beats just picking a random number that we like and hoping that the stock will get there, which is basically what you're doing if you don't use any TA at all and just focus on looking at the price. What is a proper price target? Who can claim to be 100% sure and willing to bet their families lives on how high this will go? Who can say that the stock will 100% reach the price target we desire? I sure am not confident enough to bet my family's life that the stock will definitely go to my personal price target. + +**TL;DR** + +&#x200B; + +**Ape ask: WHERE PEAK?** + +&#x200B; + +**Fellow ape answer: Ape need read DD. What's gonna help you is actually knowledge obtained from reading, no shortcuts unfortunately.** +"China's solar subsidy cuts erode the impact of Trump tariffs" - http://www.reuters.com/article/us-usa-solar/chinas-solar-subsidy-cuts-erode-the-impact-of-trump-tariffs-idUSKCN1LF18K + + +>A move by China to slash subsidies for domestic solar installations has unleashed a flood of low-cost Chinese-made panels onto the global market - pushing down prices and eroding the impact of U.S. President Donald Trump’s tariff on solar equipment imports, according to industry officials. + +>That's good news for U.S. companies that purchase and install imported solar panels, including Inovateus Solar and Pine Gate Renewables, which had expected that the protectionist policy would raise their costs and slow their business. +May 26, 2020 at 6:10 a.m. PDT + +[U.S.-listed Chinese technology companies are lining up to sell stock in Hong Kong, seeking refuge from an environment that has become increasingly less hospitable.](https://www.washingtonpost.com/business/hong-kong-finance-has-a-security-blanket/2020/05/25/93de4a3c-9edb-11ea-be06-af5514ee0385_story.html) Nasdaq-traded **JD.com Inc. and NetEase Inc. are planning secondary listings in the city next month, following a trail blazed by Alibaba Group Holding Ltd. in November 2019 with $13B sales.** Optimism that more companies will join them drove shares of Hong Kong’s exchange operator up more than 6% on Monday. + +There’s every reason to expect these stock offerings to do well, and push Hong Kong back up the rankings of the world’s largest fundraising centers. +Last night, I was watching the Rolland Garros semi-finals (Grand Slam tournament - basically 1 of the 4 biggest tennis tournaments every year.) + +I love tennis both as a player and spectator, and as I have been rooting for this particular player for many years now, whom yesterday had a real chance of winning and going into the Finals of Rolland Garros for the first time in his career, I thought to myself: + +*Why not place a small fun bet to make it all the more exciting*. + +I had never betted on sports ever before this, maybe once with $2 as a joke with some friends around 10 years ago or so. + +The player I am supporting starts to lose during the first hour of the match. So I sign up, deposit the minimum $10, and find that the return rate was 4/1 (I.e. $10 gets me $50 if my player wins, $40 profit). + +Being a massive fan of the player, I thought on top of my own excitement for the game, 4/1 odds were fantastic. + +I am about to place the bet, but I find that the odds had shifted to 3/1 as my player had started earnings some points back. + +Then to 10/3, then 3/1 again. + +I found myself in a disgusting mindset hoping my player would lose a few points so that I can get in on the 4/1 odds, which I thought were great odds. **I had never, ever wished for this player to lose a point before**. This shook me quite a bit. + +And it happens! I quickly place my bet, **and I realise I had just bought the dip on a fucking tennis match.** + +The match resumes and my player keeps losing. I refuse to believe this will happen as like I mentioned previously, I am a massive fan, believe in him, and want him to succeed. + +The match reaches a point where my player is nearly defeated, at which point I go back and look at the odds. + +I see now the new revised odds at 7/1, then one more point is lost and I it goes to 8/1! + +On the rush of adrenaline from the match and from my desire for my player to win, I deposit another $10 and place another bet at $10, with a profit of $80 if my player wins. + +In the moment I realise **I just doubled down on a tennis dip, and I have a position of $20 with a potential profit of $120.** + +A few points later and a lot of adrenaline, and it happens. I am thrilled. + +My player makes a comeback, FUCK YEEAH, I scream! + +He gets back in the game and for the next hour or so ups his game significantly, just as I had hoped. **The match is a complete thriller filled with adrenaline and unbelievable tennis**. I am loving it. + +I am so happy for him and at the same time, **I am thinking about my tennis tendies.** + +The game reaches a point from near defeat, to perfect equilibrium in score from the two players. + +I log back in to the betting platform to look at how the odds are fairing now. + +The **$10** bet I had made early in the game was now worth **$17.40** + +The **$10** bet I had made later in the game was now worth **$31.31** + +I now had the option to cash out nearly at 150% return, get out and enjoy the game and root for my player, **or diamond hand this bitch and root for my player still**. + +I choose the latter as the $20 was insignificant to me, and think to my learnings that **I will pass the fuck out before I tap out.** + +A few exhilarating points ensue, but it turns out my player had become exhausted. The rest of the game progresses and it's clear that he will lose. He cannot keep up the brilliant come back that had taken place thus far. + +I go back into the betting platform and noticed that: + +The **$10** bet I had made early in the game was now worth **$0.35** + +The **$10** bet I had made later in the game was now worth **$0.14** + +Not only was my favourite player about to lose, but **my contracts would expire worthless.** + +And lose he did. + +It was an incredible match and he won the hearts of many fans that night. He is an unbelievable player with so much promise as he is still very young. + +The tennis they played was just fantastic. + +\--- + +The whole experience left me thinking to myself that the emotions, the mechanics, the complete and utter unpredictability where identical with options trading. + +It was then that it **really** hit me that the term "investing", or "trading" platforms is the fakest front for what is actually absolute gambling. + + I can't help but feel a bit dirty that I took something I am passionate for, something I've kept pure for so many years, a pure love for the sport and put inside emotions and mechanics of greed and opportunism. That's the definition of the ugly side of capitalism and I got the taste of it first hand last night. + +I have deleted my betting account and will never engage in sports betting again after this. **The rooting and cheering I had for this player in previous matches VS this one felt self-less and pure, whereas last night I found myself rooting on the fact that I'd make money. This left me feeling pretty shitty with myself.** + +I thought I would share this story with all of you retards, hoping that you will learn something and relate on a level which will benefit you in life. + +\--- + +**tl;dr** + +1) Some things are best kept pure and outside the scope of making money. + +2) Options are not financial derivatives, they are **gambling** derivatives. + +3) Gambling can exist in every single aspect of life, and it can really consume you and your passions. + +4) TIM APPLE 122C 11/20, LET'S FUCKING GO YOU ABSOLUTE FUCKS. +I have a question about etfs, I've been saving money to buy a house for the past few years and hate the idea of having a mortgage so I've been stock piling cash so I could maybe potentially buy one with cash and be debt free, with the way the economy is going though it's almost stupid to hold money in cash from what I hear, so recently I threw a lump sum into xeqt and still transfering over more money from my bank tfsa into my wealth simple account , my question is how does it work with etfs, since there all in equitys I'm sure the etf itself could never just go to zero considering the price is based off the performance of how the stocks held are preforming, is it risky holding all ur cash in on etf like xeqt or is it fairly safe considering the diversification, I know theres corrections and crashes in the market and overtime those almost always have recovered in history, is it smart to be holding all my money like this I know I want to buy a house eventually but u really dont have a time line and not really in a huge rush to do so I just hate sitting there watching my money depreciate in value +This is the official $GME Megathread for r/Superstonk. 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If I was working for this company I would go straight to CEO to say that these make the company look like 🤡. I was feeling like that for a while but the below tweet made me burst. + + +https://twitter.com/BCG/status/1515670666577649671?t=lOOyG51T6Khvd6wbS7IDBg&s=09 + +Seriously? This is your advice? Remember to raise prices to maintain your margins? + +IMO they are bragging... If they were afraid that their clients will go away they wouldn't publish BS like that. However when your own people hire you its another story. +My mum is in a nursing home with dementia. She went there end of last year. We Initially managed to secure funding through the NHS, but this is getting cut from next week. + + We now need to pay £5200 a month in fees. Here is a summary of my mums monthly income: + + State pension £730.20 +Teachers pension: £261.11 +Private pension: £149.15 +Attendance Allowance: £369.60 +NHS Nursing care contribution: £836.76 +Rental income: £400 + +Total: £2746.82  + +The added complication is that my wife and I live in her house. Before she went into a home we cared for her ourselves for 4 years. As we've been here so long we have spent quite a bit of our own money renovating the house. We had plans to try and buy the house, but we are not sure about it anymore. + +The house has 4 bedrooms and a value of £750000. She has approximately £10K in savings. My brother and I have a power of attorney over property and finances. + +The estate will be inherited by her 3 sons and is subject to inheritance tax over the threshold of £500000. + + These are the options I've come up with so far: + +1. Sell the house, put the money in a high interest bank account and pay off the nursing home fees for there. +2. My wife and I stay in the house, continue paying rent and advertise her room on Airbnb. Any short fall will be covered by Social Sevices by means of a loan at an interest rate of 1.85%. +3. Same as above but use equity release instead of Social Sevices deferred payment. +4. Rent out the whole house to a tenant and use equity release or deferred payment for the short fall. + +What do you think is the best way to tackle this from a financial perspective? +I’m sure no one here is a stranger to the wild ride oil has taken in the last week. To all you USO holders; my deepest sympathies. But opportunity always emerges out of the ruin. In this case, that opportunity is Oil Tankers (VLCC’s, Suezmax, LR2, etc.). I will try and keep this short as this could turn into page after page highlighting all the ways this trade is ripe for 10x (or more) returns. + +Where to start, oil tankers have historically been a losing investment. The world has more of them than needed, and supply of oil is pretty balanced with demand, therefore rates for oil tankers stay pretty consistent, and companies show mediocre returns. Let me give you an example of the times we are currently experiencing. In 2019 (which was a very good year for tanker rates), VLCC daily spot rates, weather to transport or hold the crude, were around $25,000 per day. In 2020 thus far, those same day rates have averaged a whopping $103,000 per day. Last week the rates increased to $180,000 per day, and currently we are seeing rates in excess of $250,000 per day with no ceiling in sight. + +The reason, as many of you have seen, is that the world has 100’s of millions of barrels of excess oil and no place to put it (India, Cushing OK and China are all nearing 100% capacity). Which in commodity terms can be translated into what's called **CONTANGO.** Therefore you see occurrences like WTI futures trading at negative $30 per barrel. In a commodity traders eyes, or airline or refinery etc., they are seeing dollar signs. They are taking ownership of this oil and getting paid millions to do so. A typical VLCC holds 2 million barrels. If someone is paying you $30 a barrel to take their oil, as happened earlier this week, guess what, you just got paid 60 million to take 2 million barrels of oil. Then guess what you do? You load that oil on a tanker and wait 6 months for oil to recover and sell it at $20 per barrel, if not more. That means you just made 100 million dollars without putting up a dime for the oil, you just have to pay a tanker to hold it. Now paying $200,000 per day for a tanker doesn’t seem that bad for 180 days, those traders just made serious money off the trade. As you can see, paying rates of up to $350,000 per day is still a win when someone is paying you to take their oil. And guess what happens when all these tankers are being used to hold oil, the existing tankers used to transport crude rocket their rates as well. + +How long will the oversupply last? We are nearing capacity all around the world for storage. The world is pumping an extra 30 millions barrels a day it doesn’t need. By mid may the world’s reserves will be maxed out. “But Opec+ is cutting” - Too little too late, they are cutting 10 MM per day starting in May. With new waves of Corona and countries preparing to lock down until late summer, the EIA and other agencies, still expect the glut to build by 10 million barrels per day. That means these tankers will be held up long term storing oil, and when the world finally starts to consume oil, we will have to make up 10 million barrels a day, which could take several years to balance. Keep in mind that the minute oil prices rise, producers will open the wells back up, and the reserves being stored will take longer to exhaust, therefore driving up tanker rates. + +Here is the part that's hard to understand; these tanker stocks are still trading below YTD (Currently as of 4/22/2020): + +STNG: -35% + +EURN: -6% + +FRO: -15% + +TK: -26% + +NAT: +6% + +DHT: 1.5% + +You might ask yourself, why did these tanker prices increase at the end of 2019? I’ll tell you, a regulation called IMO 2020, which basically means that tankers have to meet certain emission standards or be scrapped. Therefore, months before Corona paralyzed the world, tanker stock were already looking bullish because the fleet size was being reduced due to IMO 2020. Less tankers meet emission standards, less tanker supply, more tanker demand. As you can imagine, Corona and the oil war have added fuel to this fire. + +Crunch some numbers and you will see that at the current rates, $200,000 spot price per day, these tanker companies will net more in 3 months than in the last 5 years combined. A typical tanker cost about $10,000 per day to operate, so over the last 5 years with averages rates of $20,000 per day, one boat will net just over 18 million. 90 days at $200,000 per day ($190,000 per day net) shows a net of 17 millions in 3 months. As you can see these tankers are in unparalleled times, capable of making revenues this year alone that match the total market cap of the company. + +Sound too good to be true, go re-visit 2003-2008, the last time we had a serious oversupply and Contango, and look at what tanker stocks did during this time. This market is extremely bullish, not for the long term, but is going to be extremely profitable for the next 24 months. Profits would point to these stocks going up 3x, 5x, 10x, or more in value. Companies like EURN, NAT, and STNG have good tanker configurations, meaning the varying types of tankers, VLCC, Suezmac, LR2, ect., and have BEEN BUYING BACK STOCK AS WELL AS INCRESING DIVIDENDS, which is a pretty clear indicator of where the company's management thinks the prices are going. + +Here are some good resources: [Curzio Research](https://www.curzioresearch.com/this-will-be-the-greatest-trade-in-decades/), [VLCC Rates](https://seekingalpha.com/news/3557384-vlcc-charter-rates-skyrocket-past-200k-per-day), [Bulls Coming](https://seekingalpha.com/news/3548409-vlcc-market-to-stay-supported-international-seaways-ceo-says) + +tl;dr – The crude tanker industry is about to explode with tankers generating more profits in the next 90 days than they did in the last 5 years combined, and that's only the beginning. The last time Contango and oversupply like this happened was in the mid 2000’s, it generated returns of 5x to 10x up to 50x. At current prices, tankers are vastly undervalued. Earnings reports come out in early May when these shares will sky rocket. + +Positions: Basket of stocks (FRO, EURN, STNG, DHT, TK, NAT). Being that earnings for all these companies comes out in early May, expect these stocks to go north at an extreme rate: + +EURN $15c 5/15 + +TNP $5c 5/15 + +DHT $9c 5/15 + +NAT $5.50c 5/15 + +NAT $8c 5/15 + +STNG $35c 5/15 + +TK $5c 5/15 + +This is not investing advice, just my research and positions, make sure and do your own research. +> To show our gratitude for your unwavering support throughout the upgrade process, Binance will provide all users with a 70% discount on trading fees (0.03% per transaction, 0.015% with BNB) until 2018/02/24 00:00 AM (UTC). + +**Source:** Binance Blog - https://i.imgur.com/VHohXFq.png +Hey gents, +i talked to a friend of mine who said that daytrading in general is useless, because even the fulltime daytraders that have been doing this for years for a living usually underperform the market. He says everybody claiming to get a 1% return per week or even per month, is usually a scam. + +Therefor i am wondering: Those of you who daytrade as a living for multiple years already, how much % are you anual returns? I realized i have no idea of what is realistic and what isn‘t. +And they're coming at a time when people are already low on hopium due to an overdue announcement and massive short ladder attacks. What really concerns me is the amount of traction these posts are getting when compared to actual DRS posts or even shit posts. + +Stay vigilant apes. The more clever shills will use timing, sentiment, and anything else they can to disrupt our energy and try to pull momentum out of the stock. + +As always BUY, HODL, DRS! +**This is not an attack. This is not cynicism. This is a genuine discussion. I am here to learn and I'm open to changing my mind and hearing opposing views.** + +I've been hearing the same argument since early 2019. "When the tech bubble pops... bla bla bla... so don't go all in on tech stocks". Yet here we are. Tech stocks are stronger than ever. What strong indication is there that tech stocks will just suddenly pop and the rest of the market will be stronger than them? I'm talking long term. + +Perhaps it's time to face our new reality and accept the fact that we live in a highly technological society where everything to a huge degree depends on tech. + +Now I don't mean every tech stock is the same. I'm talking about big names. I'm saying that one can outperform S&P500 by going all in on big tech stocks or just investing in only-tech ETFs. + +I for one simply cannot see Apple, Amazon, Google, Facebook, Nvidia, Microsoft, etc. going anywhere anytime soon. And for that very reason I don't see anything wrong going all in on those stocks. + +Once again, I'm talking LONG TERM (5+ years). + +Bottom line is: pick a few tech stocks (trustworthy names such as Facebook, Apple, Nvidia, Alphabet, Microsoft) OR pick a good tech ETF OR if you feel adventurous pick a leveraged ETF (NYSE:FANG+, FNGU, etc.) and forget about S&P500 and other sectors. + +**This is not financial advice.** This is not a suggestion. DYOR. I am NOT recommending anyone to buy or sell anything. This is NOT portfolio advice. This is **O N L Y** a discussion and I want to be proven wrong because **I know I'm biased** and believe in tech stocks too much. I just feel that tech is here to stay and it will be stronger by day (VR/AR, blockchain-dependent tech, many other things coming up that will be massive over time). +Title says it all. Essentially just a rant. Just blows my mind to that people will lose their collective shit (pun intended) over cleaning supplies but not watching the middle class die in real time or the lower class get priced out of existence. +What investments match with a cynical view of the markets, where the participants are doing everything they can, legally and illegally, to win? Which companies are the focus of insider trading? Who has successfully lobbied to pass a law that unfairly caps damages because of their products? Which companies are benefitting from extreme tax avoidance? Whose stock should be shorted because climate change is going to destroy them, but investors don’t realize it, or want to talk about it? +There is a lot of brigading about passive indexing in a lot of topics which aren't geared for it. I understand that passive indexing is optimal for most people, but I don't think that should stifle the discussion here. I also don't think telling people to go to WSB is conducive to any real discourse that goes on here simply because they have an opinion that goes against the passive indexing mantra. + + +Whether you think stock picking is the best course of action or not, I think it's best to try and be helpful and discuss why you choose one strategy or another instead of taking any other investment philosophy but your own to task in topics not designed for it. + + +I love this sub and the people in it, but I'm sure I'm not the only one that realizes how boring this sub would be if all the threads were about whether VTI or VOO is better. It's optimal for most, but if that was the end of the conversation this would be a dull place. Just my 2 cents. +I'm a new investor with $2k in XEQT and $800 TEC. I currently placed another $1k just to play around, and I think it was kind of a stupid decision. I looked into MAXR and recently, they've REALLY improved compared to their state 1 year ago. I bought 30 shares at $33.81, and now it's pretty much dropping. Should I just keep on holding this stock for the future, because I honestly feel with their technology and satellites they will be invaluable in the future. + +Thanks in advance +I’m back to working my 2 jobs to the full-time that ive previously done. However, its barely dawn on me that ive been working 2 jobs or more for about 6 years. I’m still exactly where i am hustling and busting my butt yet i feel like i’m going no where and as i get older i’m getting more and more tired of it. + +Ive been learning more skills. Self teaching myself excel and spreadsheets, along with bookkeeping and other admin stuff to get my hands on to be more valuable but nothing so far, granted now things are probably worse to find work. + +However i’m starting to lose hope to get out of working multiple minimum wage jobs to barely survive. Its slowly letting depression creep up on me that is effecting my relationships, self worth, and my overall emotional status. Mainly due to getting up early and closing shifts at night daily. + +I feel like trades are the only way out but honestly i’m the most weakest glasses wearing, dorky, and no muscle man millennial. Welding, working with my hands, construction, i know for a fact isn’t for me, i’m genuinely not cut out for something like that. + +I feel lost and wonder if others have been in my shoes and what they have done. + + +EDIT: Whoa! I didn’t expect this to blow up so hard! Thank you all soooo much for all of your replies! I promise i’ll read as much as i can and reply as much as i can! (Sadly i posted this before bed as i finished 2 rough shifts haha). I’ll be able to reply on my lunch break more personally, but a bit more detail on me. + +I work as a front desk agent at a hotel property. I am also a sales coordinator (conducting the meetings, group meetings, group blocks, talking to clients, drafting contracts, warm calls, and being the general lead hello and let me show you what we offer salesperson.) + +My second job is a basic sandwich shop you know bare bones minimum wage. There was also a time i worked in a grocery store at the same time as well, but i left that because the work environment. + +Ive been self-teaching myself bookkeeping for about a year or so, the process has been slow but its going okay i think. I’m also learning quickbooks on my own. Learning to code has been on my mind recently, although i’m not entirely sure where to start to ACTUALLY practice. Like bookkeeping and quickbooks, grab some books on bookkeeping, learn terms, play with the quickbook software. With coding, i don’t know what softwares to even begin with or install to put the foot in the door to practice. + +I simply can’t thank you all for all of your replies and information. Its giving me the greatest tool i could wish for, hope. :) i’ll reply as much as i can to people before my shift starts! +My leased car was totaled one night while parked in front of my house. Of course, the driver was found at fault and and insurance covered the payoff amount. Toyota financial account is now reported as an adverse account on my credit with the remarks “early termination/insurance loss”. My credit score dropped from 820 to 680, and I’m livid. Is this an error by Toyota Finical in which I would deal with them or do I need to/ can I dispute this with the credit agencies? + +Much thanks in advance for any input you have. + +Edit: Thanks everyone for your input. Just wanted to address a couple comments I have been seeing. No payments have been misused between time of accident and time of settlement. Additionally the insurance settlement covered in excess of the payoff amount. + +Edit 2: a lot of comments saying the drop is just because account closing which is not the case. It’s listed as an adverse account which will stay on the report as a derogatory mark for seven years. + +Edit 3: Spoke to Toyota, and they said it’s part of their normal process. The account was closed but not processed (at least that’s what I understood). They processed the settlement and and my credit should be corrected within 30 days. +FINRA filed a new proposal ([Regulatory Notice 21-19](https://www.finra.org/rules-guidance/notices/21-19)) on Friday that looks to make a bunch of changes to how it handles short interest. I pulled out some of the ones that stuck out the most to me because this thing is absolutely massive and seems to touch everything related to naked shorts. + + +> **Summary** +> +>FINRA is requesting comment on potential enhancements to its short sale reporting program.  FINRA is considering: (1) modifications to its short interest reporting requirements (Rule 4560); (2) a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions; and (3) other potential enhancements related to short sale activity. FINRA believes that these potential changes could improve the usefulness of short sale-related information to FINRA, other regulators, investors and other market participants. + +&#x200B; + +> **Content of Short Interest Data** +> +>**Proprietary and Customer Account Categorization**: FINRA is considering requiring firms to segregate the total reportable short interest into two categories—short interest held in proprietary accounts and short interest held in customer accounts. Specifically, in addition to reporting the total short interest in a security, firms also would be required to specify the short interest held across all proprietary accounts and across all customer accounts (for both retail customer and institutional customer accounts) for each equity security as of the close of the designated reporting settlement date. FINRA believes that this information would provide beneficial regulatory information regarding the type of market participant that accumulated a short interest position (i.e., a firm or a non-broker-dealer customer).   + +&#x200B; + +Prop trading is when a broker-dealer trades on their own behalf instead of the on their clients behalf. This rule change would force market makers like Citadel, Virtu, Susquehanna, & Jane Street that engage in prop trading to **report their "house money" accounts** **separately** from any other account that they manage (hedge funds, ETFs, mutual funds). + +&#x200B; + +>**Account-level Position Information** +>Alternatively, FINRA is considering requiring firms to report (for regulatory purposes only; not to be disseminated publicly) short interest position information with more granularity by reporting at the account level for all equity securities. Account-level short interest position information would provide FINRA with insight into the identity of the individuals or entities that accumulated concentrations of large short interest positions, which FINRA would use to enhance its reviews for compliance both with SEC Regulation SHO and FINRA’s short sale rules.  +> +>**Synthetic Short Positions** +>In addition, FINRA is considering requiring firms to reflect synthetic short positions in short interest reports. For example, enhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies. FINRA believes this information would assist FINRA in understanding the scope of market participants’ short sale activity,  specifically regarding the use of less-traditional means of establishing short interest.  + +&#x200B; + +Reading between the lines, FINRA has no idea how many shorts are out there. Here's a good [legal case](http://www.sec.gov/litigation/admin/2014/33-9522.pdf) from the SEC where they explain how naked shorts are hidden: + +*"Respondents’ accounts were at brokerage firms that prohibited short selling in certain hard to borrow securities, and thus, the brokerage firms required Respondents to close any short position resulting from options activity and to deliver securities within the standard three-day settlement period. Rather than deliver the securities, Respondents executed sham transactions to create the illusion that they had delivered when in fact they maintained these uncovered “naked” short positions."* + +Essentially, by breaking out the positions by account, FINRA is hoping to see both sides of the netted trade in order to figure out where these shorts are. + +&#x200B; + +>**Loan Obligations Resulting From Arranged Financing** +> +>FINRA understands that members may offer arranged financing programs (sometimes called “enhanced lending” or “short arranging products”) through which a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account. FINRA is considering requiring members to report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock.  + +I'll let securities lending expert [Nomura](https://www.nomura.com/resources/europe/pdfs/equity-fianace.pdf) (ring any bells?) give us some context: + +*"Securities lending initially developed as a way of* ***reducing costs resulting from failed deliveries*** ***and was often arranged on an*** ***informal basis between broker/dealers****.* + +*Securities lending is the loan of a security from a lender, often an institutional investor such as a pension fund or fund manager, to a borrower, usually a broker/dealer who requires the securities to support various trading activities. The security is exchanged for collateral of an agreed type, for an agreed value plus margin.* + +*Loans are typically arranged on an open basis, meaning that there is an implicit agreement to return the security at a future undetermined date. The borrower pays a fee for the loan to the lender, and for the period of the loan the lender retains all the benefits of ownership of the loaned security except the right to vote.."* + +&#x200B; + +> **Frequency and Timing of Short Interest Position Reporting and Data Dissemination** +> +>Members currently must submit short interest reports to FINRA twice a month and reports are due to FINRA by 6:00 p.m. ET on the second business day after the reporting settlement date designated by FINRA. FINRA is considering requiring firms to report short interest data to FINRA more frequently. Specifically, FINRA is considering reducing the reporting timeframe to daily or weekly submissions and, to enable FINRA to disseminate the collected information to the marketplace on a timelier basis, such reports also would be due to FINRA in a shorter timeframe following the applicable settlement date. +> +>By increasing the reporting frequency to weekly or daily, reducing the time after the settlement date by which firms must report short interest to FINRA, and reducing the delay prior to public dissemination, FINRA and other regulators would have a more current view of short interest information for oversight of compliance with Regulation SHO and other short sale obligations. More frequently updated and current information on short positions may also be more useful to other market participants making investment decisions than the information available from FINRA today. The value of this information to market participants is demonstrated by the demand for estimates of daily short interest. +> +>The magnitude of costs accommodating more frequent reporting with a faster turn-around time is unclear and would depend on the amount of labor involved. Changes in costs may result in changes in short selling behavior by firms or investors. We request comment on the costs associated with increased frequency and shorter timing for short interest reporting below. +> +>It is possible that more frequent public disclosure of short interest positions could discourage short selling, which is an important mechanism for price efficiency and for liquidity provision.[20](https://www.finra.org/rules-guidance/notices/21-19#_edn20) We also request comment below on potential negative outcomes of making this information publicly available. + +&#x200B; + +I think this might be what DFV was [tweeting](https://twitter.com/TheRoaringKitty/status/1401660169579220995?s=20) about earlier. It's saying that instead of reporting short interest twice a month, they want short interest reports EVERY DAY on their desks at 6pm and it sounds like this is the big one. + +# TL;DR + +FINRA's proposing rule changes that would all shine a light up the keisters of institutions that are caught up in FTDs and naked shorting. +As I am proud of this community for doing DD and research on every information, the basic Strategy Never changes. + +Buy, Hold, Vote. + +No day trade, no stop loss, ape no fight ape. + +Remember this : Any post or idea giving a sense of urge, or of a massive rise then drop in price IS FUD. + +Be patient, wait peacefully, it is NOT over until citadel goes bankrupt. Not another HF, not price 5k, nothing. +FLOOR is higher than me after 10 blunts. + +Do your research, and be excellent. + +MOASS is inevitable, and 5000$ is NOT the “MOTHER of ALL short squeezes”. + +Let me emphasize once again : +Buy, Hold, Vote. +No day trade, no stop loss, ape no fight ape. + +Edit : thank you guys for the love and awards, be ready for their fuckery, and hold with your beautiful diamond hands + +Edit 2: fellows pointed the lack of explanation so here is my take : their point of a fake squeeze is to make you greedy thinking you can get more shares by selling @ the first “fake peak” to buy back and more when it goes down. It would be a valuable strategy for a legit stock, but since GME is heavily manipulated and fuckery is ahead of us, any selling order is a shit idea. A better option would be simply to buy and average down if it collapses after a small peak, but under no circumstances to sell at any point. The strategy is FAILPROOF and consists in sitting on your shares and waiting. It is a waiting game. The amount of DD is nice, the collective brainstorm and research is awesome, but in the end, as long as no one is selling, we win. +Also some of you may be tempted to sell when it hits a landmark, say if you are a 2X holder, and you aim for 1M, then your price is 50k/share…. BUT !!! If it hits this mark, it means we are right, so you could get 10M by waiting 500K, or 100M by waiting 5M/ share. The trick here is to always remember : SHORTS MUST COVER. And they have to cover as long as you don’t sell. +Now ask yourself this : you want half a million on your account, or you want to be set for life for generations ? If it goes up a to a nice amount (see 6900$/share for example), it means WE ARE RIGHT. And if we are right, it means stock WILL go higher. Hence the motto buy hold vote. No day trading. I hope it clarifies my standpoint. + +Edit 3 : for those of you that can’t read and messaging me about fake squeeze, I’m not speaking about fake squeeze incoming, I’m telling you pushing a “fake squeeze incoming” story is FUD +* **AMC has launched a new platform on its website just for its new retail investors.** +* **The platform provides these shareholders with exclusive promotions, like free or discounted items and invitations to special screenings, as well as direct communications with CEO Adam Aron.** + +>Aron and AMC plan to [donate $50,000 to the Dian Fossey Gorilla Fund](https://www.cnbc.com/2021/05/07/amc-ceo-adam-aron-raved-about-its-reddit-investors-on-an-earnings-call.html) — a clear nod to these new investors, who call themselves apes and refer to Aron as “Silverback.” AMC also has shifted its communication style to speak directly with shareholders via social media, including YouTube. Aron has even taken a renewed interest in Twitter, “following” hundreds of accounts tied to the “ape army.” +> +>“During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners,” Aron said in a statement Wednesday. “With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. **After all, these people are the owners of AMC, and I work for them.**” + +Source: [https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html](https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html) + +AMC's new investor connect:[https://www.amctheatres.com/stockholders?rel=stockholders\_stockholders\_hp\_hero](https://www.amctheatres.com/stockholders?rel=stockholders_stockholders_hp_hero) + + +Thoughts? +I've been due a raise at the job I work at for quite a long time. Recently (with the help of you guys) I've discovered I've been significantly underpaid, so I asked for raise that is significantly higher, and would put me up in the range that I feel better about (going from 55k to 77k). After a lot of back and forth, it's looking like they're agreeing to the raise, but at the cost of letting go of one of my coworkers, and giving me those responsibilities too. + +It seems like that puts me in an awkward situation. I don't want to see anybody get let go, but I also need a raise in order to justify staying there. And the amount that they're raising my rate is probably less than half of what they're currently paying my coworker. + +What do you guys think I should come back with? Thanks! +I’m in the camp of folks lucky to work a high income finance job straight of school (VHCOL city, but earned ~$150, $180, $300, $350, now $400 for my 5th year). + +The downside is this career is a real grind and extremely competitive - I think I’m doing reasonably well compared to peers, but the odds seem low I make it 10+ years without burning out and being forced to make undesirable tradeoffs on time with future kids & work. I’m in my late 20s, and I look at bosses in their 30s and the firm’s partners in their 40s, and while they’re all comfortably rich, it doesn’t look like a lifestyle I want. + +Instead, I’m looking at buying a small business - think $500k-$1.5m in owner cash flow, that I’d buy using SBA loans and raising some equity from my former bosses/coworkers. These businesses generally sell for 3-5x cash flow, implying very high returns on capital on an unlevered or levered basis. + +It’s a much riskier path (especially because the SBA debt requires a personal guarantee), but seems to be a way to actually build wealth over a 20+ year time horizon by investing my time and money into such a high return opportunity, while hopefully growing into a lifestyle I like. The goal would be to grind on the business similar to my current job, but eventually grow it big enough to hire a good GM and take a step back. In my current line of work, there’s no stepping back, there’s only retirement. + +If I fail and the business shuts down, I’d probably have to go through a personal BK and then try to get back into a finance job to rebuild from scratch. + +Given this sub has its share of business owners, I’d love to hear opinions on what I’m overlooking, where I’m being overly confident/hubristic, etc. + +EDIT: I appreciate all the thoughts/feedback received thus far, which have ranged from "go for it" to "you're a cocky SOB" -- absorbing and reading through everything, but thank you for taking the time. +33M married with a kid, thinking of having another one in the next 12 months, only earner in the house making 600k, spending 150-200k a year, own house, no debts or mortgage whatsoever. 1.8M NW, 600k in liquid assets. + +Incredibly grateful, but if I’m honest I hate my job. I have good WLB, but the problem is that it is bulls*. I really dislike what I do. I see all my peers wanting to get promoted, go the extramile and such, but it’s become just pure politics at this point. I’ve tried doing something about it, but it’s just the rules of the game. It absolutely disgusts me that I have zero control and autonomy, and I feel like my job is like working for the government, but with more pay and no job security. There, I said it. + +I thought about joining a startup, but the “startup” that I actually would like to give my life to is the one I create myself. I have a side business which generates like 4% of what I earn in my main job, and I spend roughly 1 hour per month on it. It’s a validated product in a niche market, with tons of good feedback and good margin. It desperately needs a “CEO”. I think I could grow it a lot, 10x seems very hard but possible, but 30-40x is just a dream at this point. Who knows. + +I’m applying to other corporate bullshit jobs, to see if a change of environment helps, but if I don’t receive any offers I’m thinking of pulling the plug for 6-12 months to see if I get any traction on my own. If I don’t see any promising signals I’d return to corporate, for I have a duty to provide and am not FI yet (honestly don’t care about the RE part). + +Looking for similar experiences to draw lessons from. +I'm pretty late on the news but just read that 86 400 has been acquired by NAB for $220m. I don't bank with them, but I don't understand how they can be worth that much? Is it really just the app design? Is it their underlying tech stack? + +Each one of their 'key differentiators' are already market norms? List below; + +&#x200B; + +|86 400|Competitor| +|:-|:-| +|No fee banking|Every Big 4 and CU| +|NFC payments|Every Big 4| +|Great interest rates (2.19%)|1.99% and lower rates available at Aussie| +|Automatic prediction of bills|Commbank has this| +|Aus based call centre|All banks have this| +|Visibility of money across other accounts|?| +|Cool looking site / app|Commbank| + +&#x200B; + +What am I missing here? +selling options results in huge realized gains. Is there anything like tax loss harvesting to delay paying those taxes? I don't have any losses to harvest. +If you had to pick one individual company stock that you feel could most safely produce you 1.25-1.5% monthly option income over the next 15 years, which one would you choose? No funds, etc. Only individual companies. + +Ex: One I’d wonder about = GOOGL +3rd post, starting to get a hang of this community, if you want to skip story time the tips are just below the screenshot. + +I had been accumulating $STOR in 2019 and hit around a $35 average price. I thought to myself "I found my leading stock" then COVID came around and I saw how my investment got cut by 60%, boy did I feel stupid for a few days - starting listening to every piece of info that came out of the CEO Christoper Volk, seems like he wasn't worried, and the whole company started doubling down on inside trades, there are only buys for the last 12 months. I took a note from the management book and doubled down myself, and while doubling down was the easiest play to go for I wanted to see how I can scale my upside through the expected recovery and therefore I sold put contracts as far out as possible on the hopes that I could recoup my losses faster. + +Happy to say it worked... + +[There were many more gains earlier in the year, here is what's left open](https://preview.redd.it/0t7cmohkcas51.jpg?width=1000&format=pjpg&auto=webp&s=0a36e29f06c3143fa22e354e589b79eb588b44cf) + +The tips section + +\*\*\* before any tip this is a play I would only do on a stock I had already a very high conviction that I wanted to hold on to for the next 10 years \*\*\* + +1. If you think the world is going to end, then this trade isn't for you, I heard people like Kevin Oleary say that REITs are dead and that you should stay away from them, I understand that this might not be the safest space to be in right now but do your research and you might find some interesting REITs that actually were well-diversified enough to withstand difficult times. +2. Don't be afraid to sell ITM, many of the options I initially sold where ITM (not deep ITM), you get an excellent bang to your back in terms of using your buying power. +3. Don't be afraid to get assigned, if I already found I stock I think is totally undervalued, being assigned is just as good as getting that contract to expire worthless. + +I sold 01/2023 contracts for $30, $35, $40 as I believe $STOR is going to be back around $40 (it's previous high) in the next 24 months. If for some reason it gets stuck in the low 30's I will still be above break-even on those trades so I like my odds. + +Good luck to you all :) +Thinking to buy 5 GOOGLE and 5 AMZN stocks and start selling CC when they split in June. Do you think it's a good play or do you have any other strategy ( or stocks to consider) to maximize income if you have $25000. +Bonus is $50,000. Job is very much a lateral move in terms of pay (~140k) but is a better commute. + +There are similar jobs in my area which come with student loan forgiveness benefits, which I would jump ship for if I could in the next 3 years, so there's a chance I do leave. + +I have a personal policy of never turning down $50,000 (turning down the $50,000 is an option), but I'm not quite sure how to do the financial calculus on this one. + +Currently have $40k saved up, no immediate need for $50k (though it might entice me to buy a home if I had it). + +How should I be thinking about this offer? +I read where it’s possible to get more $ renting to college students because they pay by the bedroom and not the whole unit. So if you want to rent out a 4 bedroom duplex, or a single house with 4 bedrooms, you can make more net income. I’m sure this approach can come with added headache. I’m just curious if anyone has experience with this and could give some insight. Thanks! +Hi guys, + +So my tenant broke 3 of my windows estimated cost is $1500. +They claim him and the neighbor got into a argument and the neighbor broke 3 windows to the house. + +My question is what are my options: +1) report it to the insurance so they pay for my damages +a) if I do go through the insurance route does my insurance go up similar to how auto insurance goes? + +2) pay for it out of pocket and take their deposit when they move out which is in about 60 days. The deposit was only $900 dollars so of course I’ll be at a small loss. + +Thanks for the response +Not strictly FIRE related maybe, but I figure this board is full of people who actively consider their finances on a regular basis and I want to bring up my kids to be aware of financial planning whilst they are young and teach them it's an important thing to bear in mind. Hopefully that way when they become adults money won't be a huge mystery to them that they have to learn to navigate. + +So about us - family where I have FIREd, my husband is able to RE but chooses to keep working as he enjoys it. Kids are 9 and 5. Financially we are now very comfortable and have zero money worries. + +Both kids have healthy savings accounts that we pay into monthly to cover the cost of university/first house deposit/early adult life. Kids don't really know about these accounts. + +Recently my 9 year old asked if she could get pocket money (as a lot of her friends get it) so we now give them both a set amount of money every week. We thought about it and decided we would give them more pocket money than their peers but on the understanding that we would no longer buy them toys/slime/trinkets - if they want a Lego set they have to buy it themselves. + +We also opened up kids bank accounts for them, that some of their pocket money has to go into every week and they get sent paper bank statements once a month where they can track their balance and (much to my daughter's delight) learn about interest paid on savings. + +Our rules are that they have to spend some, they have to save some and they have to give some away (I think charitable giving is a good habit to learn, plus I want them to be slightly aware that not everyone is necessarily as fortunate or privileged as they are.) + +My daughter is fascinated by watching her savings grow, my son is maybe a bit too young to understand money and has the impulse control of a 5 year old - although he's learning that if he saves some of his money regularly it means that he can buy new Transformers every couple of weeks. + +Is there anything you wished your parents had taught you about money, or other things we should also be considering? +Shares of Activision soared about 37% in pre-market trading Tuesday following a Wall Street Journal report that Microsoft would buy the video game giant. + +More to come here: + +https://www.cnbc.com/2022/01/18/microsoft-to-buy-activision.html + +Apparently Bobby K to stay on board. Overall $68.7B purchase price for the company. +I find it awfully ironic and quite embarrassing that some of the most aggressively loud voices in this subreddit are admitting to not being profitable. + +Think about that for a second. The people who give advice on how to trade profitably and shoot down other people or claim other peoples way of trading is down right wrong, aren’t profitable. + +Now, don’t get me wrong, there’s nothing wrong with not being profitable. We were all there at one time. Also it’s an admirable thing to see people admitting they’re not profitable, it’s a big hit on the pride of someone. My problem is when they’re so adamant on what they know to be true when in fact behind closed doors the very same advice isn’t being used by the person who gave it. + +It’s like taking advice from someone who is in uni as suppose to someone who has actually graduated. + +Also before people think I’m telling everyone to not give advice if they aren’t profitable, that’s not what I’m saying. What I’m saying is don’t be so adamant and aggressive in your opinions to shoot down other people who look and approach trading differently to you when you’re still in the learning stage of trading yourself. + +That’s all. +on Monday and was up like $1.7k for 2 days but I wasn’t in the mood today and I placed a bad entry which it touched my stop loss and I placed 3 more after obviously i went even more down. Any advice on how to stop getting right back into charts after you loose, the need to stare all day into the chart after I place the order and the need to stop trading when I take few days off? Appreciate your answers +**Trading Your Own Capital (Or Prop Firm Trading) For A Living** + +This is a topic that’s been requested and it is something I can definitely provide a useful perspective on. I have traded my own capital in the past and have also traded with a prop firm as well. There are many pros and cons to trading your own money. I might do a post or a series on the sell-side of the industry and what it takes to get a hedge fund up and running, but frankly, I don’t think that is relevant to this subreddit. We’ll see. + +I’ll be covering the pros and cons of retail/prop trading for a living, why most people can’t do it, and finally, how to set yourself up for success. + +And away we go! + +**Pros and Cons:** + +First things first, let’s talk about why you would want to trade you own capital for a living (I’ll include trading for a prop firm in here as well). The biggest reason you would want to do so is because dealing with investors and regulators is a headache. You can be a solo operation when trading your own money. When you are a fund, it is a “real” business. You have significant costs including payroll, administration, legal fees, accounting fees, operational expenses etc. Let me repeat - investor relations is exceptionally challenging. It is not unusual for your investors to have the option for monthly redemptions. Talk about an albatross around your neck. You could lose your biggest investor every single month. It is tough nowadays to get sticky money. + +Having traded my own money for a living, I really enjoyed the freedom of not having to constantly sell a fund. You see, you can have salespeople and introducers, but at the end of the day every single prospective investor will want to speak with the chief investment officer. Apart from that headache, you are also free to trade however you want. You can be as aggressive as you like, you can take days or weeks off without having to explain yourself. The downside is that your earning potential is capped. You won’t be trading as much money as you could be if you are able to do a proper cap raise. Even prop firms won’t be giving you that much money relative to what you could raise out there with a good track record. Furthermore, you likely are responsible for your own costs and expenses. Unless you are with a big group like Millennium for example, you also won’t be getting paid a salary. You will be 100% “on commission”. + +If you are breaking into trading from the retail side, then you will have no choice but to trade your own money or seek funding from a prop firm. There’s nothing wrong with this and it is possible to make some great money using this approach. + +**Why Most Traders Fail:** + +When you really break it down, there are two reasons why most retail traders simply don’t make it. + +\#1 - They don’t have a defined methodology for what it will take for them to make money. In other words, they don’t have a business plan + +\#2 - They don’t have the discipline to follow their business plan + +You’ve all heard of trading plans before and I think they are an absolutely essential requirement for success. I have written many, many trading plans over the course of my career. What I will suggest, however, is to think of your trading plan as just the tip of the iceberg. What you really need is a business plan. After all, whether you are trading your own capital or not, if you call yourself a trader then you are running your own business. Did you know the failure rate for small business operators is sky high? One of the reasons for this is because many people will open shop without being prepared. They may have a great idea (in trading, perhaps a great strategy), but no clue about what their operating expenses will be, how long their runway is, etc. + +**You Must Know Your Numbers:** + +Many traders have the exact same issues as your typical small business operator. They don’t know their numbers. From a trading perspective, they have no clue what their real average win rate is, what their average profit factor is, how volatile their trading will be. In short, they don’t have a data-driven model that projects their revenue vs their expenses. Now, forget the trading side of things, they usually don’t even know their numbers for their day-to-day expenses. Do you have a budget for your living costs? How much money do you need a month simply to get by? If you are a small business operator, if you want to be successful, you must know your numbers and budget ruthlessly. Cut out anything extraneous, because every dollar of profit you have to withdraw to spend on living expenses is a dollar you can’t leave within your account to help it compound over time. + +**My Restaurant Analogy** + +The vast majority of traders don’t have a good trading plan, not to mention a business plan at all. Think of it like this, if you love cooking and your dream is to one day open your own restaurant, you are like all retail traders that dream of making trading their main source of income. Before the cook opens a restaurant, they will experiment with recipes… try different things out. In other words, they have to put together a product that will be viable in the marketplace. Not only must there be demand for this cook’s menu, but it must also be cost efficient. Once the cook has figured out their menu, they are still nowhere near opening a restaurant. Just because you think you have a viable methodology you have backtested and then successfully traded on demo does NOT mean you are ready to become a trader. + +Going back to our cook, they still have to consider the entire business aspect of their restaurant. They have to find a location, pay for that location somehow, maybe find an equity partner or a credit line… they have to hire staff, purchase equipment and furniture. They have an incredible amount of legwork to do before they can even think about opening up for business. Not to mention all the permits and licensing they will have to get. Being a successful restaurateur is one of the most difficult entrepreneurial ventures I can think of. Trading is no different. + +As a trader, having a proven methodology is a great first step. You must have a methodology. But you must also know the numbers behind that methodology. What is your strike rate? Your profit factor? Your expectancy? If you are planning on managing capital for others what kind of shape does your equity curve have? Will you be tracking something like a Sharpe or Sortino ratio? On average, what how many trades is a normal win-streak for your methodology? How about a losing streak? What is your risk of ruin? These are all questions you must have answers to. + +In addition to the trading side of the business, have you considered how you will fund your account? Much like our cook, traders need a source of capital or liquidity to launch their business. Good luck getting a small-business loan or grant for your trading operations. Most traders will be self-funding their accounts. That means calculating how much money you are taking in right now and cost-cutting your day-to-day expenses to figure out how much you can save. + +The point I am trying to make is that there is a lot of work that goes into trading beyond just trying to become a “good” trader. The worst part is that you can do all of this prep work and there is still no easy cure for being too timid, too impulsive, or having a lack of discipline. While these things will hurt a cook, they will be fatal to an aspiring trader. + +**The Good News** + +There is light at the end of the tunnel. It IS possible to make it in this business so long as you treat it like a business. If you put in a lot of effort into the business planning stage, then you are building a solid foundation from which you can launch your trading career. I’ve seen many traders have spurts of success flying by the seat of their pants. Invariably, they always blow it. Someday, somehow, they will blow up. I have yet to see that *not* happen. + +If I had to pick the most important trait a trader could have, I would say it is discipline. Unfortunately, most people lack discipline. I suppose this also explains why most people are not successful traders. Discipline can compensate for a lot of other weaknesses and it is an absolutely essential strength every trader must have. It is one thing to draw up trading and business plans, it is a whole other animal to be able to stick to the plan. + +One final piece of advice that has helped me immeasurably: don’t compare yourself to others. This isn’t a competition for you. There’s no gold medal waiting for you. How the guy on Instagram seems to be pulling in 5 figures every day has nothing to do with you. It doesn’t make you a better or worse trader… but it will tempt you to over leverage your next trade because if he/she can do it, you must be able to do it too. + +Do NOT follow any traders on social media. Do NOT follow any trading groups or societies on social media. It does absolutely nothing for you. It brings you zero net benefit. In my opinion, you should have zero social media to begin with, but that’s a topic for a different subreddit. +I thought this would be interesting since I've seen a number of people worried about the current bear market. A short article from Vanguard about "staying the course" and not panicking, for those of you who invest for the long term. Hope this is allowed. + +[Here is the article "Why it's best to stay calm when markets are weak"](https://www.vanguardinvestor.co.uk/articles/latest-thoughts/investing-success/staying-calm-when-markets-are-weak?cmpgn=ET0622UKPICEC0101) + +Here is another about ["Investing in inflationary environment"](https://www.vanguardinvestor.co.uk/articles/latest-thoughts/investing-success/investing-in-an-inflationary-environment?cmpgn=ET0622UKPICEC0104) + +Hope this is of help to those of you who are not completely familiar with long-term investing. +# My bull case on Bingus.  + +Let's start with my background so you're not just getting yelled at by some random Redditor.  + +When I was 13, I had the chance to buy 2 Bitcoin at around 200-300 (I don't remember, a long time ago) with money I inherited, and hold until I was 18. That's all I wanted to spend it on, and my mom said no. It crushed me, especially as I spent all that money on Taco Bell instead. Definitely Not Worth it. Baja Blast is good tho.. + +# Well, let's just say that set me on a path to never do that again (I totally have though🤣).  + +I got a Robinhood account (TDA now) when I turned 18, and messed around pretty lightly for a while. I eventually picked it up more and more, and now I'm staying up all night to trade crypto 🤣.  + +I have 2 main investing strategies. Long-term term hidden value and Hype/Mania Day trading, capitalizing on the insane volatility low cap cryptos have. So far I have been doing well for myself. I would consider this a little of both, but mainly the former to me. + +I am not a shill. I am honestly highly annoyed by shills. I'm heavily invested in GME, and let's just say we don't take too kindly to shills in those parts.  + +I'm saying all this, because I want you to know I'm not a mindless shill, or a bot just spamming messages. But I am also no expert. I have light/moderate experience with various markets, but I pride myself on being at least okay. + +#   + +# Anyways. Enough about me, it doesn't matter. On to the bull case. + +I'm going to keep it light, because I want you to look into it also. I'm just showing where it hits my checklists.  + +**What makes crypto move? Especially low cap crypto?**  + +Current Sentiment.  + +Marketing/catalysts.  + +Use case.  + +Strong team. + +Future Sentiment (what I think other people will think).  + +Bingus is kinda nailing all of these.  + +# Sentiment: Bingus1.0 had an error, community restarted it.  + +Most tokens/coins are Completely dead after something like that. People tend to move on, but there was enough community around to warrant a relaunch.  + +The community has also grown substantially since then. + +Again, I have seen dozens/hundreds of tokens die after something like this. People are very quick to either assume scam, or move on and forget about it.  + +# Marketing/Catalysts: Strong marketing team with big connections. Real Influencers on board. Upcoming listings. Stuff that can really bring eyes on the pink cat. + +# Use case: Actually donates to benefit animals. + + I don't generally pay attention to things like this when investing/trading (I can only see in green when I'm thinking finances), but it is very nice.  + +I love animals, and they really do need help. I prefer to not think about it, because it's a tough reality. But that's not what's best, or right. And the things that make us sad should be things we contribute to fix. + +# Strong Team: All this so far didn't happen on its own. People are working very hard to build this project. I'm quite impressed at the dedication I see in the team.  + +So many crypto "projects" are just websites thrown together, bots/shills in telegrams/reddit faking an active community, team not heard from or not confidence inspiring.  + +This is a big one. Because nothing happens without work getting done.  + +# Future Sentiment: When I'm buying something, whether it be stocks, or crypto, I don't think as much about what I think about it, but what others will think/feel. Because any of us are just one person. So unless you're a mega Chad whale, probably won't be moving the price much. It matters what other people think, and Bingus is an existing meme, and it's easy to like a pink cat. + +So again, I'm not an expert, or a financial advisor. These are just my thoughts and opinions on Bingus! Please do your own due diligence, if you do decide to buy any. Crypto is volitile, anything can happen. So make all your financial decisions wisely. I don't know if financial advisors are even a real thing, but if they are and you can afford it, probably not a bad idea to have someone keep your ape fingers in check. + +&#x200B; + +I'm going to leave some links at the bottom, but I am *intentionally* leaving out the pancake swap link. I don't want anyone buying in solely off my post. That's not my intention here.  + +Website : [https://bingus.finance/](https://bingus.finance/) + +New subreddit r/BingusFinance (I created this sub btw!)  + +Telegram: [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +Telegram Announcements & News: [https://t.me/BingusAnn](https://t.me/BingusAnn) + +Discord: [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +Twitter: [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +Chart: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +BSC Scan: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Locked liq (RUGPROOF): [https://dxsale.app/app/pages/dxlockview?id=0\&amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942\&amp;amp;type=lplock\&amp;amp;chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&amp;amp;type=lplock&amp;amp;chain=BSC) +Investors pulled $16.2 billion from stocks in the past week, and added $11.3 billion into bonds and $53.5 billion into cash. + +BoFA said 9 of 10 clients believed the current market recover was a “bear market rally” and 7 out of 10 said they would only buy the assets that the U.S. Federal Reserve purchases through it various stimulus schemes. + +[https://www.reuters.com/article/us-global-markets-flows-bofa/investors-exit-stocks-at-fastest-rate-since-march-tech-fatigue-sets-in-bofa-idUSKBN22K163](https://www.reuters.com/article/us-global-markets-flows-bofa/investors-exit-stocks-at-fastest-rate-since-march-tech-fatigue-sets-in-bofa-idUSKBN22K163) +I remember an interview to a trader that turned $800 into $240K or something like that in matter of days, and he mentioned that he has a strict philosophy of trading ONLY when there is an important catalyst/event/news that makes the trade to have a high probability of making profit. + +I thought about that recently when news affected the price of DOGE and MATIC, and sometimes I wonder if I should trade less often. As Warren Buffett says, in a basketball game, you have to hit the ball within a few times is it thrown at you or you are out, but with stocks you don't have to, and you can wait for the perfect ball coming to you. I think about this but applied to trading crypto. + +Does any of you trade ONLY when there is an important event/catalyst/news? +***\*You can read the article with the images*** [***here***](https://springloading.substack.com/p/insider-purchasing-activity-for-316)***\*.*** + +Hey all! + +Due to the coronavirus, a ton of executives are participating in unusual compensation/purchasing activity. So I have begun scraping the SEC website to see which executives are purchasing, selling, or being awarded stock for no known reason except that the stock price is extra low and they may just be buying their stock at a discount (or selling it before it crashes further). + +Obviously, we don't know how long the coronavirus may keep the market down, but this can help us see which executives believe their stock will rebound nicely and which believe it will continue to decline. + +# 1) RBB Bancorp - [$RBB ($14.00)](https://finance.yahoo.com/quote/rbb/) - Purchasing Activity + +From [Yahoo Finance](https://finance.yahoo.com/quote/rbb/): + +>RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. + +Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1499422&type=&dateb=&owner=include&start=0) activity below, we can see a ***ton*** of purchasing activity over the last 10 days (I couldn’t even fit them all in a screenshot)! + +📷 + +And some of the purchases have been quite large. + +📷 + +Taking a look at the individual [Form 4](https://www.sec.gov/Archives/edgar/data/1499422/000120919120019033/xslF345X03/doc4.xml)s, we can see that they don’t mention that the purchases are for any form of pre-arranged agreement. It looks like the directors and executives are just looking to get some stock on the cheap. + +📷 + +# 2) Goodrich Petroleum Corp - [$GDP ($3.73)](https://finance.yahoo.com/quote/gdp/) - Purchasing Activity + +From [Yahoo Finance](https://finance.yahoo.com/quote/gdp/): + +>Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas + +Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=943861&type=&dateb=&owner=include&start=0) activity, we can see a few purchases made by the executives about 5 or 6 days ago. + +📷 + +While only 3 executives made purchases and the amounts purchased aren’t massive, they were made by their 3 highest-ranking executives who almost never make open market purchases. + +📷 + +Taking a look at the Form 4s gives us no reason for the purchases. It looks like these executives may be looking to pick up some cheap stock. + +📷 + +# 3) Welbilt, Inc - [$WBT ($6.82)](https://finance.yahoo.com/quote/wbt/) - Purchasing Activity + +From Yahoo Finance: + +>Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. + +Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001310250)s, we can see a few executives made some large purchases a few days ago. + +📷 + +While only 3 executives made purchases, they are very substantial purchases and were made by executives that very rarely/never make open market purchases like this. + +📷 + +Once again, we see that the [Form 4](https://www.sec.gov/Archives/edgar/data/1310250/000165096220000048/xslF345X03/wf-form4_158395876145536.xml) makes no mention of any reason for these stock purchases. + +📷 + +# 4) Prosperity Bancshares Inc - [$PB ($56.61)](https://finance.yahoo.com/quote/pb/) - Purchasing Activity + +From [Yahoo Finance](https://finance.yahoo.com/quote/pb/): + +>Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers. + +Taking a look at the [Form 4s](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1068851&type=&dateb=&owner=include&start=0), we can see a bunch of purchases made a few days ago. + +📷 + +Taking a deeper look at some of the purchases made, we can see some pretty massive purchases being made by some very high-level directors and executives. + +📷 + +Digging into the [Form 4](https://www.sec.gov/Archives/edgar/data/1068851/000120919120018094/xslF345X03/doc4.xml)s, we do see that some of these purchases are part of the executives’ 401K plans. However, these are still large purchases by the executives. + +📷 +I was emailed a couple of weeks back with a $17,000 bill that has now been elevated to ~$18k. + +Here is some backstory: +I applied to two universities, one in the U.S (Uni A) and the other abroad (Uni B); I paid for the initial deposit of both. Two weeks prior to that I received a scholarship offer from Uni B and accepted it. I emailed the University A's "apply" and "withdraw" email informing them that I won't attend. I just found out a couple of weeks ago that I was apparently never officially withdrawn and, so, they are billing me late fees, class fees, and misc. fees. + +I contacted the BURSAR and REGISTRAR office, both offered little help in resolving my issue - I even had them officiate my non-attendance. + +I gave up on them clearing the bill, so here's my question: +Will the University be able to hold me liable to this bill? I didn't attend and they don't have any official ID, credit card, bank account, or address. I'm abroad, how can I avoid this? I can't afford that $18,000 bill. + +Edit: a word. + +**Update 1** + +Below I included a portion of the itemized bill I received: + +* Art & Culture Fee +* Technology Fee +* Mental Health Fee +* Physical Health Fee +* Recreational Center Fee +* Student Insurance Gold Level Fee +* Fall Tuition Fee (~90% of the total bill) +* Overdue Bill Charges + +Note that I altered details to insure that the University remains anonymous until further notice. + +**Update 2** + +After contacting both the Registrar and Bursar, I submitted an official tuition dispute form to the Bursar. In this I included documents proving my enrollment and attendance at Uni B. I also followed up with an official letter from Uni B detailing my 100% attendance. + +I am now waiting for the committee to meet and decide the fate of my bill. + +**Update 3** + +Thanks all for the overwhelming support! + +> The University is at fault here, common practice is to wipe the student off the system if he/she doesn't present housing and doesn't attend neither attend orientation nor the first week of classes. I'd say lawyer up. + +I'd just like to mention that at this point of time I am not considering legal action. I have been in contact with the Assistant Dean of Students and she has been helpful & cooperative. However, I'm yet to be reassured that this is a mere administrative error. + +Special thanks to /u/rosythewench /u/mrozz /u/jabberwonk /u/beefstockcube for the assistance! +I'll make this pretty quick, I'm 24 and I had been making $10 an hour for the past year and my wife has been making $13. We're doing okay paying our bills but didn't have much to save. I just accepted an offer 45k a year at the same org (I love where I work), and I'm wondering what to do when our emergency fund is saved up. We do not have an emergency fund that can sustain us for 3 months, so that is our top priority. + +We've lived well below our means, even while I got paid $10/hr and she got paid $13/hr. We are working off our student loans and have 33k left. My question is, once that emergency fund is saved should we aggressively pay off our debt until it's paid off and then save for a house? OR save for a home and pay off debt less aggressively at the same time? +I see a lot of posts telling people what not to submit and blah blah blah….who put these people in charge!? Submit what you feel is dope! That’s all! If GameStop is for it, it will get selected and that’s that! Stop telling people what they can and can’t do! +After reading on the subject for a while, i'm still unsure as to what is the future of our oil market. Some people say that right now is the best time to "get in" because the share price are so low and because we are due for a turn around in that department while other seem to think that this market is just going down forever. I would like open a discussion base on general aspect of our future, from our need of oil to Trump who apparently wish for crude oil price to remain as low as possible. + +As for myself i had 2 company in mind, the first one being Suncor who seem very solid and the price of there share, without being at an all time low are attractive for a newbie like myself. The other one is a bit more tricky. Tourmaline (tou.to) is at an all time low but as been going down steadily to the point where i wonder when it's going to stop. + +How can oil company bounce back? i mean is it possible for them to bounce back at all or do we have to get use to the low price of their share. Is there still room for growth? +I've got Cdn bank stocks and decided to buy them instead of the ZEB ETF, based partly on the MER being .60. But I've just read (globe) that they are reducing the MER to .28. + +So is this now worthwhile? Save on fees buying in with QT and would be an easier Drip. I wouldn't bother selling what I have, but is this a decent buy going forward (I like Cdn bank stocks). +Hi guys, + +I was just wondering if leveraging loans (line of credits, etc) to invest in companies that provide higher dividend rates than the loan interest rates is a wise decision. + +For example, TD bank lends a loan (up to 50k) at a variable interest rate at 2.45%. If I borrow 50k from them and invest in TD stocks which provides dividend at 5.16% (as of now) then technically I can cover the interests and pay principles at the same time. + +Obviously, I don't have a crystal ball here but if the stock price that I invest with borrowed money is going to be the same for next couple of years, would this be a good idea? Am I missing something here? + **It could also spell more trouble for traditional mutual funds, some experts say** + + Online broker Charles Schwab [**SCHW,** **-0.85%**](https://www.marketwatch.com/investing/stock/schw?mod=MW_story_quote)  is planning to launch “fractional stock” ownership in a bid to woo younger investors, the company’s founder and president Charles R. Schwab [**said** ](https://www.wsj.com/articles/schwab-in-bid-for-younger-clients-to-allow-investors-to-buy-and-sell-fractions-of-stocks-11571334424)in a recent interview with The Wall Street Journal. That could make it possible for individual investors to buy shares in companies, and exchange-traded funds, in smaller, or exact dollar amounts. + +“This could potentially be a ‘game-changer,’” says Peter Palion, a certified financial planner at Master Plan Advisory, Inc. in East Meadow, N.Y. “It would be a game changer if you could specify the dollar amount and say, ‘I want to buy, say, $100 of the Gold SPDR,” [**GLD,** **+0.73%**](https://www.marketwatch.com/investing/fund/gld?mod=MW_story_quote)  he says. + +That would be a win for investors who are handling small amounts of money, and for those who want to invest a certain amount of money each month into retirement accounts, he says. It would allow some investors to buy $25 or $50 at a time of individual stocks or ETFs, he says. It could also allow investors to invest, say, exactly $500 a month in one or more ETFs as part of a regular investment plan. + +[https://www.marketwatch.com/story/charles-schwabs-move-to-sell-fractions-of-shares-could-be-a-game-changer-for-investors-2019-10-23](https://www.marketwatch.com/story/charles-schwabs-move-to-sell-fractions-of-shares-could-be-a-game-changer-for-investors-2019-10-23) +I guess by best I mean the highest pay to low stress ratio - ignoring personal interests and preferences and the specificities of particular organizations. + +I need money but have just been diagnosed with an autoimmune condition that flares up when I'm stressed so ideally want one that's challenging but not going to destroy me. + +My qualifications are in marketing and web design but I'm looking for a shift away because the former felt a bit coercive (at least the place I was working at were asking me to greenwash some deplorable things they were doing to the environment) and the latter job got a bit too lonely. +I'm nowhere to close FI/RE myself(making my first transfer on IRA this week), but I'm curious though. What are you doing, once you quit the job and said that this one is "for real"? I would like to write books(I currently don't have time to do so due to uni) and volunteer at a nursing home, maybe learn some crafts too(plumbing, glaziering). What are your plans/routine? +NOW LISTED ON + +🔥 CoinMarketCap +🔥 Coingecko + +👨‍👩‍👧‍👧Growing recorded holders every day 👯‍♀️ + +🌎Marketing Push Imminent🌍 + +🤝Partners and Collabs with influencers, athletes and Artists🤝 + +👀 Only 2M market cap 🤤 + + +Cryptocurrencies are increasingly seen as a viable and socially acceptable form of payment. Charitas is focused on transparency, community and democracy. To these ends, our devs are creating a voting platform for charities to onboard themselves, and accept BNB and other cryptocurrencies as donations. The community will have the option to vote to direct a percentage of the charity wallet to their charity of choice. The flexibility and agility afforded by community voting is a new characteristic of BSC charity initiatives. + +Tokenomics Change + +We proposed a change in our tokenomics for an undetermined period of time. Our community reflected back our enthusiasm and we agreed that increasing the LP wallet tax from 1% to 3% for marketing/business expenses was in the best interest of the community, at least in our early stages, and especially as an antidote to the myriad of charity tokens that have popped up since our launch. We now tax each transaction 5% - so be sure to set slippage at 5-6% on PancakeSwap. + +With the increased marketing budget (2% of transactions) we have set up multiple items: +- Purchase two (2) big ticket YouTube promo videos. +- Hire campaign manager that will create and disseminate content based on our roadmap progress to large crypto-centered accounts. +- Expedite the creation of our voting app and other automated functions. +- Promote our brand through paid ads on Twitter, Poocoin and others. +- Create additional partnerships with relevant industry personalities to boost our brand exposure. +- Spend more time onboarding organizations and executing our primary function – to bring charitable organizations into the future and give the crypto world an outlet to help their favorite causes. + +🥊 Our collaboration with UFC former number one contender, Bellator champion, and current PFL welterweight fighter Rory MacDonald takes off this week with donations going to Feed the Hungry 🥊 + +Roadmap Changes & Progress + +April + +- Resubmitted CoinGecko Application +- YouTube Promo Video in progress – Determination of which vendor provides best value +- Previous of Donation Voting dApp +- Changes on Website (ie. Adding Our Partners, Sign-up for Partnerships, Our Team) +- Preview of Charitas Launchpad +- Continued Creation of Promotional Graphics for Socials + +May + +- Full-blown Marketing with Campaign Manager +- Establish Legal Entity & Charitas Foundation +- Exchange Listing Application +- Donation Voting dApp Beta Version +- Team Expansion – addition of Campaign Manager, PR Manager - Interacting with social media accounts, leaving comments, and vetting new potential social media partnerships +- Charity Events – Organization of 1st Live Event +- Charity Organization Partnerships – Continued Discussions with Partners +- NFT Auction Donations – Partnerships with Laurence Full and others +- Charitas Creative Development +- Charitas Launchpad Development +- DAO Governance Exploration +- Merch Store Launch + +June + + +- DAO Governance Implementation +- Charitas Launchpad IDO Partnerships +- Charitas Creative +- Charitas Launchpad + +Charitas is here to stay and there are many ways in which we intend to help our communities, both local and global. Even if you can’t invest, simply interacting with our social medias will increase visibility and help us raise more for charity and for the development of our roadmap goals. + +Website: https://charitas.fund + +CMC: https://coinmarketcap.com/currencies/charitas/ + +Telegram: https://t.me/charitasfund + +Twitter: https://mobile.twitter.com/charitasfund + +Discord: https://discord.gg/we9hAMpBhc + +LinkedIn: https://www.linkedin.com/company/charitas-fund + +Medium: https://link.medium.com/o04eRnhiifb + +TikTok: https://vm.tiktok.com/ / +BabyShibaInu is a deflationary token with social conscience, created by the dog loving team and fully distributed within the cypto community. + +&#x200B; + +They are collaborating with Nicki Minaj on her latest giveaway account, so that everyone wanting to take part in her giveaways has to follow BabyShibaInu as well! A strategic marketing campaign is being implemented to target the +80K members new followers. A second giveaway collaboration is in the works as well, this time with Kehlani on Monday! + +&#x200B; + +An app is in development which includes a "moonshot" section that helps users discover new coins by filter viewing according to their preferences, app preview was already revealed and it really looks like something any crypto enthusiast would use! + +&#x200B; + +They are also working on breaking into the Chinese market with one week Btok front page ads starting this Sunday, Weibo influencers and several banners on Chinese financial websites. The Chinese version of the website was also launched in preparation for the Asian marketing push. + +&#x200B; + +They passed the Nexus audit with flying colors and are being audited by Techrate next. After being listed on CG, work is ongoing for CMC listing which is expected to happen anytime now. + +&#x200B; + +Dev doxxed himself a few days ago, he is a music producer with lots of connections in the music industry, which he will use to promote the token in the future. This is going to be the biggest week for the token yet with everything lined up, they also have a few HUGE marketing surprises they will announce soon! Don’t miss out! + +&#x200B; + +Community is very active, shilling and meme competitions are taking place 24/7. Devs are dedicated and transparent, they hold 1-2 AMA sessions everyday to provide the community with the latest updates and listen to their suggestions! Moreover, they recently won the Binance 8.0 Facebook group poll with 3k votes and will be advertised in the 250k member group on Sunday! + +&#x200B; + +Apart from the regular donations, profits of merchandise sales directly go to the Shiba Inu Rescue Charity Organization. First donation of $5k already took place! + +&#x200B; + +📱https://t.me/babyshibatoken + +&#x200B; + +🌎 [https://babyshibatoken.com](https://babyshibatoken.com) + +&#x200B; + +🐦 [https://twitter.com/BabyShibaToken](https://twitter.com/BabyShibaToken) + +&#x200B; + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab +I thought DWAC would be a good long term short play. I checked out the Jan 2023 options today. $85 strike put $57.63. $85 strike call $17.18. I understand IV, call 49IV put is 210IV. I may be stupid, but I have never seen this wide a spread on the same strike price. And volume and liquidity did not create weird numbers, all other strikes had similar spreads. + +The obvious answer if you think the stock is going down is to just short the stock. I am trying to convince myself not to sell a CSP on a stock I hate. The $57 premium looks to good. + +&#x200B; + +Thoughts. +I got exercised on 800 shares of PLTR last week on a $23 CSP, and I bought on the open market a few more to set my average at $22.64. + +I’m a diehard wheeler on PLTR and I’ve noticed CC premium is completely in the dumps. + +Wondering how y’all are playing PLTR for the upcoming future. + +With such poor premium, I’m thinking about just holding until premiums swell up again. + +How are y’all playing PLTR? +I’m devastated… I sold a FB 11/5 exp 350 straddle, collecting total of 20$ premium per strike and thought to myself this is literally free money. And I sold 10 contracts per leg… now I’m literally shitting myself everyday. I’m looking at an unrealized loss of over 13k… this single trade would wipe out all my gains for the entire year…I know I wasn’t being careful when opening this position. What should you do to save this move.. +All the possible bad news has already come, and the cryptos are doing good. I think we are done seeing BTC and ETH doing these massive dumps. Looks like 23k BTC and $1700 ETH are the new good prices to buy at. Thoughts? +Are we really just repeating what all happened in the 2000's? +With only 40 millionUSD volume, the whole market capital of these coins can just ramp up to unbelieveable highs and then just self-ignite. + +Am I the only one who thinks this is not healthy? +I know it's impossible to predict which stocks / countries will outperform in the long term. But, historically speaking, it appears to me that US markets have (over the long term, 10+ year periods) outperformed the world on an absolute basis. + +I strongly believe that simply because of the **structure** of global financial markets, with the US dollar being the reserve currency, the US markets will always be the best place to invest. This is very important - really, take some time to think about it. The US have the worlds reserve currency and that isn't changing any time soon - this gives them a massive advantage. I would even argue this will not change without a calamitous / world changing event, which would likely make investments anywhere in the world lose significant value, depending on how things shake out. All to say, the US won't just let their reserve status disappear without a fight, and I wouldn't bet against the US. + +I also know the US had a lost decade between 2000 - 2010, and I feel that a lot of people bring up this timeframe as an argument in favor of global diversification, but it's cherry picked data. If you start in 1996, all of a sudden the US market outperforms global Ex-US equities. This reinforces my perspective that over the long term, the US outperforms the world, even if in shorter periods (5-10 years), Ex-US markets can outperform. + +Now onto my thoughts on XEQT (as one of this subs favorites), how my perspective evolved on this ETF, and why I'm starting to think this may be an inefficient way of investing, and possibly even "diworsification". + +Initially I loved the idea of XEQT because it's low cost, globally diversified, and gives you access to global equities. It's "safe" and protects you from 1 country risk like a Japan 1989 scenario. But, when I really think about it at it's core, **XEQT is an ETF that is highly correlated to US markets, but with a higher expense ratio, and performance drag from other countries / currencies.** + +This is a huge problem in my mind, and something people seem to be ignoring. When you really break it down, what you're buying with XEQT is the US market, but with a higher MER, and a bunch of diversification just for the sake of diversification which causes a drag on performance. + +Why do I say it's pointless diversification? Mainly because US markets have ALWAYS outperformed global markets over the long term (10+ years). Again, I know there are several periods of underperformance where Ex-US outperforms US, but in the longer term, the US always comes out on top. To reiterate my earlier point, people say look at 2000 - 2010 as a reason to diversify globally, but this is cherry picked data. Look at 1996 - 2010 and the US wins over Ex-US. + +For most of us who have 15-30+ year time horizons, it seems worth the risk to invest solely in the US. They have the world reserve currency, the most diverse economy, the best capital / financial markets in place for investors, the best investor protections, and the worlds most successful companies to ever exist. + +So why should someone willfully invest their money in countries where they have worse investor protections, less profitable companies, more corruption, currency risk etc? + +I would love to hear some other thoughts on this. + +Gamestop is going Bk with 1B+ cash and no debt - Trust me bro. + +Sneez is over even though SEC report says not created from closure of positions - trust me bro + +There are no naked shorts (ya) cuz u know. They naked and thats eeeeeweeeeeeeegallll and noone does eweegaaaal stuffs in market right? - trust me bro + + +Shits about to get real and i cant wait til the gamestop wallet holds billionaire and millionaires minted by fighting for a company they believed and believe in. + +In RC I trust and will hold til infinity. Power. To. The. Players. +For me, it was when I crossed $6m and something clicked and I began to lose the scarcity mindset. When I hit $10m, that’s when I bought one of my dream cars, Mercedes G63. +We have a suburban house in Denver and will soon buy a condo in Ottawa, with the intention of living in each for 6 months each year. We're not planning to rent either of them out, so I'm starting to think about how to close up the house each year. For those of you who live in multiple properties (especially in multiple countries), what has worked for you? Should I try to enlist friends/neighbors? Or stick with professionals? Any unexpected problems? I'm concerned about mail, sprinklers, snow removal, security, etc. + +Edit: thanks for all of the advice! We're probably going to hire a home watcher, and install cameras and a smart thermostat. With regard to winterizing the plumbing, we'll discuss it with the home watcher. +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) +\#TLDR + +Didn't believe congressmen backed by wall st would care about ape comments and wanted to know why. I ended up going down a bit of a rabbit hole. Turns out certain members of the Financial Services Committee (the gov body governing the SEC) been complaining about Gensler for a long time and hassle him on the regular. Some interesting insight about how Wall St-backed politicians on the financial services committee view the controversial Chairman, and new info on PFOF pushback. With the midterms coming up, we could see the committee ruling the SEC go from very permissive to kicking Gensler out entirely. + +Contrary to popular memes and emojis, Gensler has been pushing the limits of what the SEC can do: the hard numbers say he's been moving faster and doing more than any Chair in history. And Wall St is fighting back. I saw the post about "rotating villain theory"; urban dictionary is cool and all, but let's do some DD. Gensler is getting blowback that chairs before him have not seen. + +Here are the receipts. + +# Background + +Four days ago on October 16, 2022, Republican members of the Financial Services Committee sent a letter to Chairman Gary Gensler complaining about the recent 'glitch' and how comment periods were reopened. The SEC reopened comment periods for several release: [https://www.sec.gov/news/press-release/2022-186](https://www.sec.gov/news/press-release/2022-186). Actually, more than several (see below). This re-opening has allowed apes to flood into the comments on rules governing the ways that short sellers attack GME: loaning of our shares, synthetic shorting via ETFs, and swaps. So that's been nice. + +https://preview.redd.it/ggcy96ltmbv91.png?width=641&format=png&auto=webp&s=723d7a89febd99d76c625cab49f5b4948e742433 + +I decided to look into why they care about this, and found a very interesting trail of complaints and letter from Republican members of the committee. Let's go down a (short) rabbit hole :) + +# Certain Members of the Financial Services Committee are Not Happy With Gary + +Here is the letter that started this little trip: + +[https://republicans-financialservices.house.gov/uploadedfiles/2022-10-16\_fsc\_cm\_\_to\_gensler-comments\_glitch\_proxy\_advisor\_rule\_final\_final.pdf](https://republicans-financialservices.house.gov/uploadedfiles/2022-10-16_fsc_cm__to_gensler-comments_glitch_proxy_advisor_rule_final_final.pdf) + +[Waiting on Trimbath to tell us more about why they care so much about proxy voting advice... as far as I can tell, it's just a rule compelling accurate and timely information given to shareholders, and removing exemptions for misleading information.](https://preview.redd.it/o7ye5boilbv91.png?width=939&format=png&auto=webp&s=2ee418c03f55b7f626ad98cedd0fdbc4edcdb974) + +I wanted to know the motivation behind this letter. As such my first question was: who are the people writing? It was 8 of them, led by some ranking members: + +[Patrick McHenry and Bill Huizenga](https://preview.redd.it/zfbnwuxzmbv91.png?width=858&format=png&auto=webp&s=57bcba52e0a8bfd9f9978d304035b44998e26f0b) + +This is where things started to get interesting for me. + +Patrick McHenry [gets most of his donations from the financial sector](https://www.opensecrets.org/members-of-congress/patrick-mchenry/contributors), including familiar names like BNY Mellon, Fidelity, JPM, and Apollo Global Management. Bill Huizenga is [similar](https://www.opensecrets.org/members-of-congress/bill-huizenga/contributors), with Apollo making another appearance. Note that the campaign donations we can see are only a small piece of what politicians actually receive. For example, Patrick McHenry [has his eye on the chairmanship of the Financial Services Committee](https://rollcall.com/2022/07/26/mchenry-eyeing-house-financial-services-chair-racks-up-campaign-donations/) and has about $1.6 million in his coffers. + +# Letters to Gary + +It turns out that these two and other powerful Republicans have been challenging Gensler and complaining about him for months. + +# May 2022 Letter + +In May 2022 they [sent a letter to the Chairwoman](https://republicans-financialservices.house.gov/uploadedfiles/2022-05-05_pmc_bh_letter_to_waters-full_commission_hearing.pdf) complaining that + +[\\"scorched earth\\" sounds like what we want... but the memes say gary bad!!](https://preview.redd.it/og66i7gopbv91.png?width=815&format=png&auto=webp&s=4ee1fed66c6a342282856aeb9881264fe618cb2e) + +The comment on comment periods aligns exactly with complaints from funds and firms: Gensler is pushing them by cutting comment periods in half to get more regulations in place, faster. Here is an example from the American Securities Association's response to rule 10c-1: + +[muh time frames\~!](https://preview.redd.it/mpvcxqvurbv91.png?width=810&format=png&auto=webp&s=836d4086131d22e2faeb1df2f0f046063aae1f8d) + +The letter goes on to complain that Gensler isn't doing anything for "capital formation" and not helping corporations at all. 'Capital formation' is a favorite buzzword that means 'helping hedge funds'. Of all the historic number of rules proposed so far, not one is about capital formation. Not. One. + +# June 2022 Letter + +On June 15 2022, Senator Pat Toomey and others sent a letter challenging Gensler's authority to regulate. FYI, Pat Toomey is the guy who is working to protect PFOF and [might be the one who prevented a ban](https://finance.yahoo.com/news/why-this-republican-senator-wants-to-protect-a-controversial-trading-practice-141219129.html): + +[TIL Senators told Gensler to fuck off about banning PFOF](https://preview.redd.it/iqjrf6otsbv91.png?width=696&format=png&auto=webp&s=f78375d9564e3a9dbc40bde7f61501005b201362) + +Toomey and others accused Gensler of "...hijacking the democratic process" by proposing a rule that required climate-related disclosures. [Gensler seems to have really angered the oil & gas industry with that one.](https://www.banking.senate.gov/imo/media/doc/banking_republicans_to_gensler_on_climate_proposal1.pdf) + +# September 2022 Letter + +On September 15 2022, Huizenga [complained](https://huizenga.house.gov/news/documentsingle.aspx?DocumentID=401489) that Gensler was not appearing before the committee, remarking that *"...the SEC has embarked on an unprecedented regulatory agenda that touches every corner of our capital markets"* and urging that Gensler be compelled to testify (spoiler: he wasn't). + +On September 22 2022, McHenry and two Leaders Kay Granger and James Comer sent a letter challenging the SEC's authority to regulate multiple areas, **including dark pools, SPACs, and shell companies**: + +[Looks like Patrick McHenry doesn't want Gary to touch dark pools.](https://preview.redd.it/ds64vc83rbv91.png?width=840&format=png&auto=webp&s=858fa2fe8fa623d7b9fc1ae3c7a12ae82316313f) + +This suggests to me that while the Committee is currently pretty permissive when it comes to Gensler (e.g., no one is stopping him from regulating dark pools rn), [things could change in future.](https://www.financialadvisoriq.com/c/3762534/486253/authority_could_shrink_gains_house_control) + +# Extremely Unpopular Conclusion: Gary Gensler is Actually Doing His Job??? + +This is where I get downvoted. I get that many apes feel negative feelings when they see Gensler. This isn't about feelings. This is about facts and DD. + +\- **Fact: the SEC is limited in its authority and it sucks that the SEC has these limits. That needs to change.** But the limits are placed by Congress, and that's a problem that only the American electorate can solve. I hope they do. + +\- **Fact: Gensler has proposed more rules than any chair every has in history.** More than 2x in his time so far. This shows a major motivation to do a lot in a short period of time, and all hard evidence supports this. The actual, hard numbers put the "but it's only his 400th day!" jokes into sharp relief: memes are saying one thing, reality is saying another. + +\- **Fact: the rules that are proposed are for regulating** [swaps](https://www.sec.gov/rules/proposed/2021/34-93784-fact-sheet.pdf)**,** [securities lending](https://www.sec.gov/rules/proposed/2021/34-93613-fact-sheet.pdf)**,** [dark pools](https://www.sec.gov/files/34-94062-fact-sheet.pdf)**,** [short selling](https://www.sec.gov/files/34-94314-fact-sheet.pdf)**, and more things we care about INSTEAD OF capital formation;** he has proposed zero pro-corp rules. **ZERO,** of all the historic number proposed so far. This shows a complete deprioritization of the pro-wall st agendas we have seen before; this kind of focus shift ... to my knowledge it hasn't happened before. + +When we examine the concrete actions of major political and financial players, we see that Gensler is taking heat from just about everyone aligned with Wall Street. I looked at the sort of feedback the prior chair, Jay Clayton, received. While Gensler is constantly being told he's doing too much and overstepping his authority, Jay Clayton was told he wasn't doing enough and had a 'deregulatory agenda' (which, looking at his rules, he did). The receipts: + +\- [https://financialservices.house.gov/uploadedfiles/6.25.2020\_sec\_letter.pdf](https://financialservices.house.gov/uploadedfiles/6.25.2020_sec_letter.pdf) + +\- [https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=406984](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=406984) + +\- [https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=406698](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=406698) + +\- Etc. + +Many different sources are saying he's pushing too much, going too far. That he doesn't have the authority to do as much as he is. For example, for at the hearing where the bank CEOs went before the Financial Services Committee, Republican Congresswoman Ann Wagner said [“We have an SEC chair moving at breakneck speed, proposing a historic number of rules…”](https://www.youtube.com/watch?v=ggeULNqap1U&t=3840s). Hell, Doug Cifu, CEO of Virtu Capital and major proponent of PFOF fucking hates Gensler: + +[This tweet is the same format we see apes use. Weird that some ape accounts sound exactly like the CEO of Virtu Capital. ](https://preview.redd.it/7o59rfz0wbv91.png?width=650&format=png&auto=webp&s=398b2e36951a2cb63514fe404afaed69fe33470e) + +[Virtu threatens litigation for years if Gensler touches PFOF](https://preview.redd.it/dd81c2scxbv91.png?width=810&format=png&auto=webp&s=0fc76865b42e8721f46f6b145c5bebd428e5ffe2) + +In comments, funds and firms are railing against the new rules. Like Citadel, for instance: + +[How much did Ken pay his lawyers to craft this?](https://preview.redd.it/qcifu3qztbv91.png?width=1234&format=png&auto=webp&s=b98a7ab16dcdcd87c73f152afc019616a0ad00c8) + +It seems popular to think that everything we see is fake news and that reality is something else. But the reality is that politicians fight each other and advocate for their big donors. The reality is that hedge funds and firms lobby hard against things that would harm them. We are seeing Wall St-backed politicians challenge Gensler's agenda and we might see them kick him out. We are seeing Citadel explicitly fight what Gensler's is doing; how some people find that ambiguous is beyond me. We are seeing pro-PFOF and anti-retail Senators *literally craft legislation to stop him* (and they succeeded). + +While the memes on twitter and on Reddit (mainly focused around popcorn) say one thing, the reality of the proposed rules and the reaction Gensler is getting from politicians, funds, and firms is very different. + +Forbes published this: + +[fuckin barf, bro](https://preview.redd.it/hrvhe8jr0cv91.png?width=640&format=png&auto=webp&s=fd3d60d5851433b1153e5bbbfc0018a7b913631c) + +and then this: + +[And suddenly apes trusted MSM Forbes, after they publicly jerked off Ken Griffin? I feel like I'm taking crazy pills!](https://preview.redd.it/dctnrfpy0cv91.png?width=855&format=png&auto=webp&s=72202044be19897e1dc32a7c139ade532a9ae6cb) + +It's OK to say Gensler isn't going far enough. I feel that way too and it's why I work to comment on rules and push them further. We are way beyond 'progressive' into the realm of 'tear that shit down'. Gensler is 'just' very progressive. That difference doesn't mean we should fight progress; that goes against our interests. And many powerful groups want us to [act against our best interests.](https://www.reddit.com/r/Superstonk/comments/wb2voh/memetic_warfare_the_sec_and_wall_streets_secret/) + +The evidence shows us that Gensler is pushing things as far as he possibly can, to the fucking limit and over it. He's cutting rule comment times in half and not giving any fund or firm enough time to react: they are complaining and trying to delay constantly. He's clearly enemies with Citadel and Virtu, and causing problems for parts of Congress. He's not showing up to talk about what he's doing and that's angering some people, too. + +Again: I looked at how prior Chairs were treated and spoken to, and it is vastly different from what we are seeing now. + +**Again: it sucks that the SEC has these limits. That needs to change.** But the limits are placed by Congress, and that's a problem that only the American electorate can solve. I hope they do. + +In the meantime, we have to work with what we have to force the changes we want. I believe we are powerful and can do historic things. I hope you agree. Tomorrow I'll post a guide for commenting on the securities lending and short selling rules so more apes can get involved. Fuck synthetic shorting via ETFs, fuck secret lending of broker shares. + +The longer apes stay in the dark about the reality of the situation, the more time we all waste. And \*that's the entire point\*: waste time until it's too late. The regulatory winds are blowing in our direction like never before, and Wall St wants you to waste it hating on their opponents. Shilling only works when you don't know it's there. + +Thank you for reading, and good luck out there. +If the posts complaining about Gherkin ban were GENIUINE and Organic, then the complaints would be a variety of things and some of those things would actually make sense + +Examples of what Legitimate complaints could be ---> + + +- yeah, his TA sucked but he had a nice cap (power to the VWAP) + +- his dates were all wrong but Hype Skills were good + +- he sucked at predictions, but he explained things well + +- yes, he monetized but he was so bad at it, it really should not count + +- TA is sketchy as heck, but it's all we got + +etc + +etc + +etc + +************************************************************* + +Additionally, the Amount of Emotions in the post would be measured. They would not be OVER THE TOP posts aiming at driving up EMOTIONS + + +************************************************************** + +If you look at the complaint posts, it is almost as if all of them got the EXACT SAME MEMO with the EXACT SAME TALKING POINTS + +A) Talk about how all the good dd writers have been driven out of Superstonk + +Note: This is a joke as none of the options gangs were good dd writers. TA is not DD + +At the same time: It is good FUD because Superstonk values good DD so the best thing to do to create an emotional response in people is to claim ' we are losing all the great DD writers' + +********************** + +B) Talk about how Mods are compromised + +Note: Mods waited SIX @#$@#$ MONTHS before finally deciding options gang brigading is too much + +That's being PATIENT to a fault and it's not being compromised + +Imagine someone brigading a sub for 6 months and then getting banned and then that person is playing the victim + +********************* + +C) Talk about how Gherkin getting banned is some big loss + +- someone compared gherkin to DFV + +- some people are saying 'it will hinder MOASS' + +etc + +etc + +Are we serious? + +There are 5 million shareholders, spread across 100+ countries + +there are billions of fake shares + +one youtuber getting banned for breaking sub rules does not hinder MOASS in any way, shape, or form + + +********************************************* + +D) Superstonk is broken. This ban is going to cause sub to fragment + +This is so inaccurate it is a joke + +At the same time - it is EXACTLY what SHF would send as a talking point. To create Fear about Superstonk getting broken up + +*************************************************************** + +All the 'banning Gherkin is wrong' posts seem COORDINATED, cover the exact same talking points (almost as if someone told them exactly what to write), and they aim at creating EMOTIONAL RESPONSES and are not measured or rational + +********************************************************************* +I just moved out three months ago, and pay about $476.7 in rent and utilities average $40-$60 monthly. I work a part time job at a work study on campus but earn roughly $600 a month and currently looking for a second part time job as well. What are things to invest in? I live frugally, having a mattress on a carpet floor as I rent a living room space and clothes in plastic bags. I think it would definitely be best to at the very least, invest in some shelves. I’m pretty new at all of this. +Hi guys. My name is Emma Ockerman, I'm an inequality reporter for VICE News. I've posted here before and am always reading this subreddit. Anyway, I'm currently doing a story on how people are making their groceries stretch with the cost of living increasing in the past several months. Are there cheap meals that you love and make often? Are you slogging through the same recipes? Are you finding big-batch recipes that will last you a few days? Particularly interested to hear from parents that may also have to do all of this with picky eaters in the house—how are you guys doing? + + +If you post here, I may comment and PM you. Otherwise, feel free to message me or email me at [emma.ockerman@vice.com](mailto:emma.ockerman@vice.com) if you're interested in chatting with me. Hope everyone reading this is holding up OK today. +Have 20K saved up, currently putting aside 800/month into a savings account with some random bonuses added as well. + +What would be a good option for getting low-risk returns for the next 1-2 years while I continue saving? Something where I can keep adding money every month, and can draw out of with minimal penalties if SHTF. + +My savings account is only 0.15% APY so I'm basically losing money by leaving it there right now. +BP said on Sunday it plans to abandon its 19.75% stake in oil giant Rosneft (ROSN.MM) in the wake of Russia's invasion of Ukraine, marking an abrupt and costly end to 30 at times fraught years operating in the oil-rich country. + +The British oil and gas giant did not say how it planned to exit its stake, which it said would result in charges of up to $25 billion at the end of the first quarter. Rosneft accounts for around half of BP's oil and gas reserves and a third of its production. + +"I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to everyone affected. It has caused us to fundamentally rethink bp's position with Rosneft," BP Chief Executive Bernard Looney said. + +The move represents the boldest step yet by a Western oil company with exposure to Russia amid an escalating crisis between the West and Moscow. + +BP said the move and financial hit will not impact its short and long term financial targets as part of its strategy to shift away from oil and gas to low-carbon fuels and renewables energy. + +Looney and his predecessor as CEO Bob Dudley will both step down from the board of Rosneft, which BP acquired a shareholding in as part of its $12.5 billion TNK-BP stake sale in 2013. + +British Business Secretary Kwasi Kwarteng, who on Friday expressed "concern" over BP's stake in Rosneft in a call with Looney, said on Twitter that he welcomed the decision. + +"Russia's unprovoked invasion of Ukraine must be a wake up call for British businesses with commercial interests in (Russian President Vladimir) Putin's Russia," he said. + +As a stake, BP received revenue from Rosneft in the form of dividends which totalled around $640 million in 2021, roughly 3% of BP's cash flow from operations. + +[Source Reuters](https://www.reuters.com/business/energy/britains-bp-says-exit-stake-russian-oil-giant-rosneft-2022-02-27/) +Me and my man are young adults with a toddler. We are currently renting a half-house duplex for an awesome price, however we want to expand our family but we don't have the space, so we began talking about homeowning. + +I have some property which is on a First Nation reservation that we were going to build on, but for the mortgage offered to us by the bank I don't think it'd work for the price of lumber, other materials, and labor costs. So we decided that we should start looking elsewhere to buy a home. + +I seriously cannot find anything local to me, for less than $500,000 unless its an empty property. + +Well, there goes my dreams of ever owning a home even if I do everything right. The maximum cost of a home that I could get is about $305,000 but its hard to find anything for that. I hear things about the market going down, so with that is it worth waiting? How can anyone like myself find a place to call home unless I have millions? These times are crazy, $800k for a decent house.. +“I don't love Ben Graham and his ideas the way Warren does." —Charlie Munger + +He went on to announce, "Graham had a lot to learn as an investor." His depression-era mentality had "left him with an aftermath of fear for the rest of his life, and all his methods were designed to keep that at bay," Munger said. "I think Ben Graham wasn't nearly as good an investor as Warren Buffett (Trades, Portfolio) is or even as good as I am," he said. + +https://www.gurufocus.com/news/1015889/read +I’ve used Graham’s formula, DCF, Peter Lynch’s fair price, etc., but they rarely come close. Also, growth companies with a negative EPS, don’t work with these methods. +I am just learning more about value investing. My question is how much are you folks (who have been doing it for over a decade) making in annual return? + +I am finding Vanguard low cost funds (ex: VUG & VGT) that are making 10-12% every year (since like 2004, so 16 years is pretty good history and includes several downturns). + +My question more are much are folks making researching individual companies when I can make 10-12% just from these funds for over a decade? +As per the title, I'm seeking to compare returns over a few decades from buying, managing, renting and potentially selling real estate properties VS buying shares in a real estate company like Brookfield Property Partners $BPY which pretty much handles all of the above and pays you dividends at the end of the day.. Opinions? Experience? all welcome +So about 2 months ago, I called T-Mobile support because I have so many issues with my connection. At the end of the call, the customer service agent says that because I'm a loyal customer (been with them maybe almost 20 years?) they have a special promotion for me. The guy says that I can get a free Samsung Active 2 watch. I didn't care for a watch, but he told me it was completely free. I reiterated multiple times, "I get the watch, and my monthly bill will not change?" He says that's correct. I made sure to ask very specifically, knowing that these calls are always recorded. I also made a note of who I spoke to and what was said. + + +When my next bill was about to hit, I decided to check on my statement because I have had MANY billing errors in the past with T-Mobile. I noticed there was an extra $50 charge from some added foreign country data plan?? and an extra data line charge. I immediately called T-Mobile back and explained that I never authorized this. They gladly removed the data plan charge, but they said if I cancel the data line, then I would have to pay the full amount of the watch. Apparently, the promotion was for adding a data line, then the watch comes free, which was never explained to me. So I tell them that's fine, then I don't want the watch. I didn't want it in the first place, but I agreed only because the original agent insisted it was absolutely free. This new rep now says that I'm outside the buyer's remorse period and can't even return it! I kept pressing, spoke to his "manager" and told him to check the previously recorded call. He said he would research and get back to me. + + +Weeks later, I get a call back saying the original call was through a third party foreign office, and they are not able to obtain the recording. He tells me the best he can do is offer me 6 months of credit for the data line and nothing more. That leaves me still having to eventually pay $160 for the line, which is the same cost of the watch I never wanted to begin with. If I cancel, I still pay for the watch. What can I do? + + +Edit: Wow I did not expect this thread to blow up overnight. Sounds like everyone has issues with TMobile. Twitter really worked! @TMobileHelp actually helped me out, and it was quick and easy. Major thanks to /u/brendonknowsall and other users who suggested this solution! Hope this helps others, too. +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! + +Hey guys, I know this new token has been posted on this sub a few times recently but I just saw on twitter they got Johnny Sins to do a promo video and the price has shot up within seconds, could be worth a punt? + +link to the tweet: [https://twitter.com/CumRocketCrypto/status/1383441455776104458](https://twitter.com/CumRocketCrypto/status/1383441455776104458) + + +For those that don't know they're making a crypto equivalent to only fans, and a NSFW NFT market place, all in one. It's still in early dev phase so it has time for this thing to get really big. I just started buying a few tokens this past week and am gradually increasing my stake. The devs are really interactive with the community and seem to take on board suggestions. This "memecoin" seems to have real world use case and I'm very interested to see how it progresses. The fact they got a super star porn actor involved at this stage shows to me that they're really committed to the product and not just after a quick buck. Could be a long hold! + + +official site: [https://cumrocketcrypto.com/](https://cumrocketcrypto.com/) +telegram: [https://t.me/cumrocket](https://t.me/cumrocket) +discord: [https://discord.gg/Tett4kJsKN](https://discord.gg/Tett4kJsKN) +https://www.msn.com/en-us/travel/news/lockheed-martin-secures-242-billion-in-pentagon-contracts-for-f-35-fighter-jet-program/ar-AAOrII7?ocid=uxbndlbing + +*The Department of Defense this week awarded contracts valued at over $2.01 billion to Lockheed Martin Corp. to continue making and maintaining the F-35 fighter jet fleet for the U.S. and its allies through 2023.* + +*Under the contracts, the Maryland-based company will continue to provide logistics support, maintenance and training, among other services, for more than 3,000 F-35s. Both Lockheed Martin and the Pentagon emphasized the importance of cost-reduction in coming years.* +Alright so here’s a brief rundown while I wait to hear back from u/WSBgod for permission to post more details. For now, this is what I’m sharing. + +Let me start by saying that during the mania today, my position was that the whole thing was a hoax. Many comments were focusing on how options prices were nicely rounded 100.00 and shit like that. While I didn’t have time to really dive into those details, I was skeptical simply because he claimed to go from $4 million to $8 million. Nicely doubling your bet is not something you typically do with options, that’s what you do with roulette when betting on black. It was just too clean. Of course, it was also very lucky and extremely ballsy—neither of which is uncommon on WSB. + +Nevertheless, [I took the post down](https://old.reddit.com/r/wallstreetbets/comments/f006zu/wsbgod_post_removed_pending_indisputable_proof/) until there was indisputable proof. Behind the scenes, this was roughly the exchange in modmail with timestamps. + +*** + +Here's the timeline (all in central time) + +>1:55pm u/ITradeBaconFutures stickies a comment on mega thread saying ["Proof or ban"](https://old.reddit.com/r/wallstreetbets/comments/ezwbve/reports_of_my_death_have_been_greatly_exaggerated/fgq6q81/) + +>3:32pm u/WSBgod messages mods and asks "What do you recommend?" + +>3:34pm I reply "idk but it better be good. I'm recommending a screen sharing session" + +>4:28pm u/WSBgod replies "I'm happy to verify, have nothing to hide and my post history is the best evidence a person could ask for. But I won't do anything that reveals personal information, login credentials, or anything that could be used against me." + +>4:53pm "This should be all the evidence you need: + +><link to imgur with his account summary> + +>PLEASE do not share this or pass it around and make me regret doing your verification. I know you need to verify to keep BSers off here, but please keep my privacy in mind. Thank you." + +The picture was a screenshot of his account summary from his broker with many trades, including tesla + +>4:55pm me: "Not good enough sorry." + +Then there was bickering back and forth about what standard of proof meant, and what we could do about it until u/WSBgod capitulated. + +At 5:18pm He accepted the screenshare which we did shortly after. + +*** + +We went on discord and he shared his screen, where he had a chrome window up with a couple of tabs open to vanguard, one of which was logged in and had a clearly visible **SSL** icon to the left of the address. He scrolled around (without hitting the top of the screen where his name/account would show). Once he was done showing me the numbers, I asked him to refresh the page. He then took the discord window and carefully placed it such that it covered only the contents of the website to hide his name from showing up after the refresh. The “discord censor window” was small enough so that I could see the address bar at all times, and most of the contents of the webpage. There was no keyboard shortcuts—everything was done by mouse. He clicked the refresh button, and after a visible refresh of the site, he moved the “discord censor window” and showed me that all the numbers remained the same. + +*** + +I’ve taken the video and edited it such that it removes all personal information, but I can’t in good conscience publish it without his consent. Doing so would eliminate the possibility of anybody ever trusting me (or the mods) with any sort of proof again, and for that reason I will wait and hope to get permission to post it. Otherwise this is the extent of what I’m sharing. + +So the question remains, could this be fake? Absofuckinglutely. Could he fake the url, website, broker summary, ssl certificates and inspect/refresh? Yes. Of course it can be faked. For all the retard talk that’s thrown around, you all are actually really fucking capable (you’ve proved it time and time again). I’m not saying that u/WSBgod’s claims are irrefutable, I’m just laying out the proof he gave me. + +When people make huge ass claims, as mods, the best we can do is ask for “proof.” Short of asking for his username and password, this was the closest thing that I could think of and I gave him a very short window of time. Never in the history of WSB have I ever asked to log into somebody’s computer to see their screen. There’s no precedent for that and there’s no reason for him to have anticipated that. u/fscomeau faked a video but he filmed, edited it on his own time and uploaded it to youtube. In today’s case, I gave u/WSBgod less than 2 hours to let me on his computer and he did exactly what I asked him to do once I was watching his screen. As a mod, that is as much proof as I can reasonably ask somebody to give me. And as a mod, I'm sharing it with you. If there’s a better method of proof, I’m open to ideas. If he faked it, then congrats to him for doing a good job at faking and anticipating my response when asking for proof. And if he made money then congrats to him for scoring big. + +The last note I’ll share is his account balance **did not show $8 million dollars**. The total balance was slightly less, but it was pretty damn close. + +I’ll let you decide for yourselves based on this information and I hope to be able to post the video soon. +Hi, + +I work as an option MM in interest rate and index options space. AMA. + +In return, I would like your opinion on why so little people trade in the vol space. Some of you might have seen the poll I put up a couple of weeks ago + +[https://www.reddit.com/r/options/comments/j4zggn/brokerage\_service\_for\_gammatheta\_trading/](https://www.reddit.com/r/options/comments/j4zggn/brokerage_service_for_gammatheta_trading/) + +The response was generally positive, but I want to reach out to a larger audience while doing this AMA to find out why people are hesitant to trade vol as I think volatility will become an asset class as large as bond/equity in the future. + +&#x200B; + +EDIT\* It'll be difficult to reply to all of these comments today. I'll get to them over the next few days, hope you guys don't mind. + +EDIT 2\* Thank you for all the replies and questions! I'm sorry if I did not/haven't addressed you. I'll make it a point to do so over the next few days. +I have a lot of equity in my rental properties due to appreciation, but rent increases aren't able to keep up, and with sharply rising property taxes (I'm in Texas), my cash flow is actually decreasing. I'm thinking I could sell and get a better ROI in other investment vehicles? + +Does anyone have experience investing in alternative (commercial) real estate investments like private equity deals through a sponsor/syndicator, non-traded REITS, or used crowdfunding platforms like Crowdstreet, RealtyMogul, Streitwise, Arrived Homes, etc? + +(I don't want to 1031 exchange into another property, the idea is to be more of a passive investor with less landlording.) +The very last part for the intelligent investor! This part I am going to cover how to choose stocks for a defensive investor and a more aggressive investor. Now one strategy is not better than the other and like every successful investor, finding what works for you is the most important thing and having joy in it. If you look at defensive investing and psychologically it takes out the fun and you are willing to learn a new strategy knowing it will probably cost you in the short term, then I think that’s perfectly fine. People lately over the past year have looked at investing like a sprint, but if you look at it like a marathon and a lifetime game then it becomes easier to explore strategies and be less concerned with the day-to-day market worries.[https://www.reddit.com/r/ASX\_Bets/comments/o8wj7t/the\_intelligent\_investor\_summary\_part\_1\_investing/](https://www.reddit.com/r/ASX_Bets/comments/o8wj7t/the_intelligent_investor_summary_part_1_investing/) \-part 1[https://www.reddit.com/r/ASX\_Bets/comments/ob2jl2/the\_intelligent\_investor\_summary\_part\_2\_general/](https://www.reddit.com/r/ASX_Bets/comments/ob2jl2/the_intelligent_investor_summary_part_2_general/) \-part 2[https://www.reddit.com/r/ASX\_Bets/comments/oc83tm/the\_intelligent\_investor\_summary\_part\_3\_investing/](https://www.reddit.com/r/ASX_Bets/comments/oc83tm/the_intelligent_investor_summary_part_3_investing/) \-part 3[https://www.reddit.com/r/ASX\_Bets/comments/oe9jcy/the\_intelligent\_investor\_summary\_part\_4\_analysing/](https://www.reddit.com/r/ASX_Bets/comments/oe9jcy/the_intelligent_investor_summary_part_4_analysing/) \-part 4 + +Defensive investing! + +The book gives 7 total criteria which it breaks down what a person needs to understand and look at when they analyse stocks if they are going with the defensive investor strategy, but I am going to cover 3 to not ruin the book if anyone is interested in it. The 3 I am going to cover is the size of the company, Strong financial condition, and earnings stability. A major thing I think people can get mixed up is defensive investing versus passive investing, you can still actively invest in a defensive nature and in terms of a comparison you could look at it like poker in the sense of loose aggressive vs tight aggressive and so on. + +Now to start with the size of the company is a major one which I personally follow and I refuse to touch small companies unless there is an exceptional reason for why it is worth it. This is because there is usually a limited history within the company and as such comes a risk you cant avoid for multiple reasons, you don’t know managements history, the products/businesses haven’t been around long enough to be tested and the profitability of the company is questionable. To make this relate more to present times I am going to go with the commentaries criteria of having a market cap greater than $2billion. Now this is even bigger than I expected, but when you consider what kind of people are going for defensive investing this makes sense. A person who opts for the defensive investing strategy wants little risk typically and a degree of certainty, which is something that’s very hard to find in a company under $2 billion and especially $1billion. Lets look at this in terms of examples and the biggest of all would have to be Afterpay, even if you could of seen it coming that they would change up the retail and financing game to suggest it would fit a defensive investing strategy is crazy because there’s a high degree of risk and the companies value fluctuates an insane amount over the years. + +The next part is a strong financial condition. This isn’t just balance sheet, but also their income statement and their cashflow statement, and this is why understanding annual reports is so important. I remember at uni we had a whole course just on understanding annual reports, yet from what I remember the majority of it was knowing where to find info rather than actually understanding the info. Now I’m not saying if you see high long term debt you just abandon a company, but having a basic understanding of why can often make it easy to in turn understand the company and their goals. + +To tie this in with the first point lets look at a major company like CSL, if you analyse the company purely based on values they appear overvalued but once you realised they’re basically a giant government supported monopoly you understand the extra cost. Now CSL has almost $6bill in long term debt $1.2bill in cash and extra $200mill in short term debt, which sounds quite bad. But they have a history of showing that they can pay back the debt and not get into financial trouble, to find that same security with a smaller company is extremely hard and is why the size of the company often translates to their financial stability. Now this of course is not true for all large companies, as we have seen over the years there is ways to manipulate the financials or for debt to become out of hand, but it is easier to spot and cut your losses in a larger company than a smaller one. Main examples which I have noticed is PET and BUB, PET were constantly announcing deals left right and centre but the revenue wasn’t increasing. It doesn’t take a rocket scientist to realise somethings wrong here, turns out management was dodgy and completely fooked. BUB were constantly losing money when I last looked at them (6 months to a year ago) and it just seemed like a cap raise was inevitable because a company can only bleed cash for so long, sure enough a month later a cap raise was announced. + +The 3rd and final point is earnings stability and this is often one of the most crucial ones. If you look at a company like PME for example, year after year they announce new deals and have great earnings without failure. This is partially why the stock price trades at such an insane value and even during the march crash remained at a high relative value to the market. Now if a company has stable earnings this allows you to predict future earnings easier to an extent and gives you the ability to form some sort of valuation on the company. Lets look at someone like QAN currently, they’re considered a boomer stonk yet the earnings last year and the next few years going forward is a big mystery and is highly dependent on economic conditions. So they would not be most suitable to a defensive investor, you could make this same argument for tech though in the sense year after year they seem to really explode or do quite poor. For a defensive investor this is a pain in the ass and not worth the hassle when you may get smaller but more stable returns from a company you can predict and understand. Now hopefully you can see how these all tie in and why even though small caps are beautiful and everyone loves a lotto ticket, for people who are risk adverse its very hard to find any small caps with good enough financials or earnings stability to compete with the larger companies. + +Aggressive investing! + +Now funnily enough some of the criteria from defensive investing applies directly to aggressive investing in terms of earnings stability/growth, dividends and price/market cap. The difference is in how they are applied and how you use them, for example nobody wants a company who they know over the next 10 years are going to decline in earnings because that would suggest you could get the stock for cheaper obviously over the next 10 years. Same as you don’t want to invest in a half a billion-dollar company who produce no revenue…oh wait, sorry RAC holders. But you get the point, some sort of fundamentals is still nice and is required if you want to consider it investing and not just directly speculation. + +First I want to take earnings growth, now if the company has earnings growth over the past 20 years like a large cap then you would be questioning why the fook is it not the size of one? So for that very basic reason nobody expects a long history of earnings stability, but for me personally some earnings progress over the past 5 years is expected and wanted. The book doesn’t look at a company which may have had 3 great years but 2 poor years over the last 5 years as a great opportunity, because it creates more risk unless there was some exceptional circumstance like COVID. Not to go too far away from the book but this is why I don’t like screeners, because if you use say 5 criteria it only takes 1 to not match and all of a sudden the company doesn’t show when there could be an explanation for that, which is why I just prefer the good old fashioned method of scrolling through companies but that also has its own flaws. But back to the book, you aren’t looking for a frog who is going to get catapulted into a price from the earnings growth but just a stable growth each year that is possible to maintain or improve on going forward, this is partially why I sold NXT for a nice beautiful loss last FY, because I loved the company and the idea but going forward I couldn’t see how earnings would progress how I wanted it considering it would require more and more capital to grow and it was just too speculative in a small market. + +Now this part is going to make quite a few of you laugh I’m sure, but yes its possible a company can pay dividend and be considered a growth company. The most common one that makes me laugh is CSL who pay a stupid 1-2% dividend each year, purely so management get some extra cash in their pocket and can laugh about it, because for the average investor that 1-2% is just pointless in terms of yearly gains. Now I think this part comes down to what industry we are talking about, because lets look at tech or healthcare. Lets say a company satisfies the first part and has earnings growth and is making good progress, well why would you want a dividend which is only taking cash away from that? You are basically telling management you would do better investing it than they would and in that case why bother investing in the company to start with? Lets look at IEL who are an online education company that has grown very well over the last couple years, now their earnings are a bit mixed over the past 5 years but if you see the growth why would you want a dividend? Same for the retail sector with companies like JB Hi-Fi (JBH), they also pay a small dividend for management, but you obviously don’t want a 5% dividend like you would expect from a bank. + +The last one is once again stock price. Now in the book Graham is very big on using arbitrary formulas and numbers when setting rules, which I can understand for explaining in a book but in a practical sense I think you got to bend it a bit. But to start with his rule for stock price is it must be less than 120% net tangible assets which is essentially just assets minus any intangible assets (patents, trademarks) and liabilities. The main reason for this is you don’t want to overpay for a company who either does not have many assets it can justify or is balls deep in debt. So this rule applies purely to the balance sheet but is a good one to test out with random stocks if you want to test a rule and see how it goes. Now obviously during bear markets you will find more companies using this idea because stock prices will be cheaper compared to the drop in assets, just like in the current bull market it is hard to find companies which will fit this formula and are not considered ‘defensive’. Once again some context is important, if we look at a company like BWX which do health care and skin care they have a market cap of $710mill and a net asset value of $298mill in their last annual report. So not only do they fail it already by a massive margin but when you consider they have $290mill in intangible assets it leaves them with a value of $8mill for this formula and would put the company at a valuation of $10mill in order for Graham to buy. Obviously this isn’t practical and anyone who looks at BWX for 2 seconds can see that, but it’s a good example of learning when to apply formulas to certain industries. + +This is the last summary as mentioned for The Intelligent Investor, I hope you have found good value from it. It has been one of the more fun things for me to type up in the sense it gave me a chance to learn more in depth as I then had to explain what I was learning, which is always harder. I know this book isn’t the most exciting for the sub but if there was one book I could recommend you start with in terms of value investing it would have to be this one, especially with the commentary which gives it a more modern take. The next book I will be analysing is “Warren Buffetts philosophy of investment” which I’m only 2 chapters into so it may take a while to get through the series unlike this one. If you would prefer a financial year recap in terms of global events, sector performances and standout stocks let me know and Ill push that in front to type up. Also a massive congrats to Ash Barty for winning Wimbledon, I’m not a big tennis fan but its always nice to see an Aussie win on the international stage, especially at only 25! Last and most important, 4 and a half hours until the UFC begins!! so many exciting fights! +The very last part for the intelligent investor! This part I am going to cover how to choose stocks for a defensive investor and a more aggressive investor. Now one strategy is not better than the other and like every successful investor, finding what works for you is the most important thing and having joy in it. If you look at defensive investing and psychologically it takes out the fun and you are willing to learn a new strategy knowing it will probably cost you in the short term, then I think that’s perfectly fine. People lately over the past year have looked at investing like a sprint, but if you look at it like a marathon and a lifetime game then it becomes easier to explore strategies and be less concerned with the day-to-day market worries.[https://www.reddit.com/r/ASX\_Bets/comments/o8wj7t/the\_intelligent\_investor\_summary\_part\_1\_investing/](https://www.reddit.com/r/ASX_Bets/comments/o8wj7t/the_intelligent_investor_summary_part_1_investing/) \-part 1[https://www.reddit.com/r/ASX\_Bets/comments/ob2jl2/the\_intelligent\_investor\_summary\_part\_2\_general/](https://www.reddit.com/r/ASX_Bets/comments/ob2jl2/the_intelligent_investor_summary_part_2_general/) \-part 2[https://www.reddit.com/r/ASX\_Bets/comments/oc83tm/the\_intelligent\_investor\_summary\_part\_3\_investing/](https://www.reddit.com/r/ASX_Bets/comments/oc83tm/the_intelligent_investor_summary_part_3_investing/) \-part 3[https://www.reddit.com/r/ASX\_Bets/comments/oe9jcy/the\_intelligent\_investor\_summary\_part\_4\_analysing/](https://www.reddit.com/r/ASX_Bets/comments/oe9jcy/the_intelligent_investor_summary_part_4_analysing/) \-part 4 + +Defensive investing! + +The book gives 7 total criteria which it breaks down what a person needs to understand and look at when they analyse stocks if they are going with the defensive investor strategy, but I am going to cover 3 to not ruin the book if anyone is interested in it. The 3 I am going to cover is the size of the company, Strong financial condition, and earnings stability. A major thing I think people can get mixed up is defensive investing versus passive investing, you can still actively invest in a defensive nature and in terms of a comparison you could look at it like poker in the sense of loose aggressive vs tight aggressive and so on. + +Now to start with the size of the company is a major one which I personally follow and I refuse to touch small companies unless there is an exceptional reason for why it is worth it. This is because there is usually a limited history within the company and as such comes a risk you cant avoid for multiple reasons, you don’t know managements history, the products/businesses haven’t been around long enough to be tested and the profitability of the company is questionable. To make this relate more to present times I am going to go with the commentaries criteria of having a market cap greater than $2billion. Now this is even bigger than I expected, but when you consider what kind of people are going for defensive investing this makes sense. A person who opts for the defensive investing strategy wants little risk typically and a degree of certainty, which is something that’s very hard to find in a company under $2 billion and especially $1billion. Lets look at this in terms of examples and the biggest of all would have to be Afterpay, even if you could of seen it coming that they would change up the retail and financing game to suggest it would fit a defensive investing strategy is crazy because there’s a high degree of risk and the companies value fluctuates an insane amount over the years. + +The next part is a strong financial condition. This isn’t just balance sheet, but also their income statement and their cashflow statement, and this is why understanding annual reports is so important. I remember at uni we had a whole course just on understanding annual reports, yet from what I remember the majority of it was knowing where to find info rather than actually understanding the info. Now I’m not saying if you see high long term debt you just abandon a company, but having a basic understanding of why can often make it easy to in turn understand the company and their goals. + +To tie this in with the first point lets look at a major company like CSL, if you analyse the company purely based on values they appear overvalued but once you realised they’re basically a giant government supported monopoly you understand the extra cost. Now CSL has almost $6bill in long term debt $1.2bill in cash and extra $200mill in short term debt, which sounds quite bad. But they have a history of showing that they can pay back the debt and not get into financial trouble, to find that same security with a smaller company is extremely hard and is why the size of the company often translates to their financial stability. Now this of course is not true for all large companies, as we have seen over the years there is ways to manipulate the financials or for debt to become out of hand, but it is easier to spot and cut your losses in a larger company than a smaller one. Main examples which I have noticed is PET and BUB, PET were constantly announcing deals left right and centre but the revenue wasn’t increasing. It doesn’t take a rocket scientist to realise somethings wrong here, turns out management was dodgy and completely fooked. BUB were constantly losing money when I last looked at them (6 months to a year ago) and it just seemed like a cap raise was inevitable because a company can only bleed cash for so long, sure enough a month later a cap raise was announced. + +The 3rd and final point is earnings stability and this is often one of the most crucial ones. If you look at a company like PME for example, year after year they announce new deals and have great earnings without failure. This is partially why the stock price trades at such an insane value and even during the march crash remained at a high relative value to the market. Now if a company has stable earnings this allows you to predict future earnings easier to an extent and gives you the ability to form some sort of valuation on the company. Lets look at someone like QAN currently, they’re considered a boomer stonk yet the earnings last year and the next few years going forward is a big mystery and is highly dependent on economic conditions. So they would not be most suitable to a defensive investor, you could make this same argument for tech though in the sense year after year they seem to really explode or do quite poor. For a defensive investor this is a pain in the ass and not worth the hassle when you may get smaller but more stable returns from a company you can predict and understand. Now hopefully you can see how these all tie in and why even though small caps are beautiful and everyone loves a lotto ticket, for people who are risk adverse its very hard to find any small caps with good enough financials or earnings stability to compete with the larger companies. + +Aggressive investing! + +Now funnily enough some of the criteria from defensive investing applies directly to aggressive investing in terms of earnings stability/growth, dividends and price/market cap. The difference is in how they are applied and how you use them, for example nobody wants a company who they know over the next 10 years are going to decline in earnings because that would suggest you could get the stock for cheaper obviously over the next 10 years. Same as you don’t want to invest in a half a billion-dollar company who produce no revenue…oh wait, sorry RAC holders. But you get the point, some sort of fundamentals is still nice and is required if you want to consider it investing and not just directly speculation. + +First I want to take earnings growth, now if the company has earnings growth over the past 20 years like a large cap then you would be questioning why the fook is it not the size of one? So for that very basic reason nobody expects a long history of earnings stability, but for me personally some earnings progress over the past 5 years is expected and wanted. The book doesn’t look at a company which may have had 3 great years but 2 poor years over the last 5 years as a great opportunity, because it creates more risk unless there was some exceptional circumstance like COVID. Not to go too far away from the book but this is why I don’t like screeners, because if you use say 5 criteria it only takes 1 to not match and all of a sudden the company doesn’t show when there could be an explanation for that, which is why I just prefer the good old fashioned method of scrolling through companies but that also has its own flaws. But back to the book, you aren’t looking for a frog who is going to get catapulted into a price from the earnings growth but just a stable growth each year that is possible to maintain or improve on going forward, this is partially why I sold NXT for a nice beautiful loss last FY, because I loved the company and the idea but going forward I couldn’t see how earnings would progress how I wanted it considering it would require more and more capital to grow and it was just too speculative in a small market. + +Now this part is going to make quite a few of you laugh I’m sure, but yes its possible a company can pay dividend and be considered a growth company. The most common one that makes me laugh is CSL who pay a stupid 1-2% dividend each year, purely so management get some extra cash in their pocket and can laugh about it, because for the average investor that 1-2% is just pointless in terms of yearly gains. Now I think this part comes down to what industry we are talking about, because lets look at tech or healthcare. Lets say a company satisfies the first part and has earnings growth and is making good progress, well why would you want a dividend which is only taking cash away from that? You are basically telling management you would do better investing it than they would and in that case why bother investing in the company to start with? Lets look at IEL who are an online education company that has grown very well over the last couple years, now their earnings are a bit mixed over the past 5 years but if you see the growth why would you want a dividend? Same for the retail sector with companies like JB Hi-Fi (JBH), they also pay a small dividend for management, but you obviously don’t want a 5% dividend like you would expect from a bank. + +The last one is once again stock price. Now in the book Graham is very big on using arbitrary formulas and numbers when setting rules, which I can understand for explaining in a book but in a practical sense I think you got to bend it a bit. But to start with his rule for stock price is it must be less than 120% net tangible assets which is essentially just assets minus any intangible assets (patents, trademarks) and liabilities. The main reason for this is you don’t want to overpay for a company who either does not have many assets it can justify or is balls deep in debt. So this rule applies purely to the balance sheet but is a good one to test out with random stocks if you want to test a rule and see how it goes. Now obviously during bear markets you will find more companies using this idea because stock prices will be cheaper compared to the drop in assets, just like in the current bull market it is hard to find companies which will fit this formula and are not considered ‘defensive’. Once again some context is important, if we look at a company like BWX which do health care and skin care they have a market cap of $710mill and a net asset value of $298mill in their last annual report. So not only do they fail it already by a massive margin but when you consider they have $290mill in intangible assets it leaves them with a value of $8mill for this formula and would put the company at a valuation of $10mill in order for Graham to buy. Obviously this isn’t practical and anyone who looks at BWX for 2 seconds can see that, but it’s a good example of learning when to apply formulas to certain industries. + +This is the last summary as mentioned for The Intelligent Investor, I hope you have found good value from it. It has been one of the more fun things for me to type up in the sense it gave me a chance to learn more in depth as I then had to explain what I was learning, which is always harder. I know this book isn’t the most exciting for the sub but if there was one book I could recommend you start with in terms of value investing it would have to be this one, especially with the commentary which gives it a more modern take. The next book I will be analysing is “Warren Buffetts philosophy of investment” which I’m only 2 chapters into so it may take a while to get through the series unlike this one. If you would prefer a financial year recap in terms of global events, sector performances and standout stocks let me know and Ill push that in front to type up. Also a massive congrats to Ash Barty for winning Wimbledon, I’m not a big tennis fan but its always nice to see an Aussie win on the international stage, especially at only 25! Last and most important, 4 and a half hours until the UFC begins!! so many exciting fights! +Investment thesis: “Hertz has died. Hertz has risen. Hertz will come again.” + +[Vatican used charity funds to bet on Hertz credit derivatives](https://www.ft.com/content/f966e8b4-945a-45d0-8391-a305b3d8f7f5) +A part of me wants to live in a cabin in the woods farming, hunting, fishing and another part wants to have a high paying career, have cool toys, and retire early. What is some advice I can get? Not sure what path to take in life or how to find my passion. + + + +I am not really thinking about the individual legacy, I am honestly not interested in that much... but I am thinking about individual impact on the overall legacy of humanity. + +To be honest, the last 2 years have really shifted my thinking. The pandemic has brought up quite a few issues with how humans in general think of others. For the most part, regardless of country or government, most people tend to think in short timeframes and generally don't think more than few years out, let alone a lifetime and beyond. + +Since getting FAT, I've started thinking about my impact on the world around me. At first it started with the people I am surrounded with, then it spread to random strangers (to this day RAK is one of my favorite things to do), then I started thinking about how I can make my community better though my good fortune. Sound great... right? + +Not so much... recently I read that microplastics are in every single living organism in the ocean and that microplastics have been detected in human body for the first time. Such a small thing really got to me and made me think about "What am I really doing to make things better"? + +One of the great benefits of being FAT is not giving a F\*&K but then I find it that I care more, instead of less. + +I just bought a new set of golf clubs, the amount of plastics wrapping the club heads, the irons were bubble wrapped and the carbon fiber shafts had plastic wrapping. What's the freaking purpose of this? First thing I am going to do is bury those damn things into the dirt and pretend they are a freaking shovel. Why was there any need for that? Should I not buy golf clubs if they are wrapped in plastic? We don't recycle... We, as in the world, we don't recycle plastics. They say less than 10% of plastics is actually recycled, but I think it is even less than that. + +So my question to you guys is how do you deal with the other side of being FAT where you know you can make an impact, but sometimes it is nearly impossible to come up with the solution. + +&#x200B; + +P.S. Anyone have any FAT eco friendly every day tips/tricks?example: I buy San Francisco Bay Coffee Keurig Pods because the coffee is good, it is fair trade sourced, and the pods are compostable (It's also the cheapest coffee at Costco but I'd pay twice as much because of the reasons above). Instead of tossing the pods in the garbage I throw them into my yard waste. +[The Atlantic posted this article on wealth](http://on.theatln.tc/PIMZNlE) and I thought it interesting on how in the survey researchers did they found wealthy people compared themselves often to other wealthier people. + + +[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!* +Hopefully someone in the Toronto area sees this thread! + +-Mid 30s couple with kids +-NW 5M+ +-HHI close to 1M/year +-Multiple businesses and revenue streams + +Need tax optimization, streamline business, wealth preservation advice, structure estates for kids, etc. My wife and I are really worried that if we pass all of a sudden our current situation is too complicated for someone other than ourselves to figure out. + +Looking for an accountant familiar with law practices (operations and programs). + +Edit: streamline business for tax strategy not operational efficiency k +Using a throwaway account. Not at the fatFIRE point just yet but relatively close. Male in mid 30s, live in London, have had a semi-successful career in asset management helped by lots of luck and I am recently divorced. + +Question: any advice on the best practices around meeting someone for a romantic relationship with a FIRE mindset and potentially heading towards the fatFIRE camp? Unfortunately, I have spent (way too) much of my 20s and early 30s working and my circle of real friends is embarrassingly small. My work hours have been very long for most of my career (getting better recently) and besides gym, I did not see much beyond home and work limiting the amount of opportunities I have to meet someone. However, I love travelling which sounds like a great way of meeting new people but I am no longer at the stage of my life when I enjoy staying in shared rooms in hostels that is typically the recommended option for someone in this situation, and staying in nicer hotels or resorts doesn't help here with couples and families being the bulk of the guests in my experience. I looked into a few travel agencies that design tours for singles - found one that seems a popular choice here (Contiki) but it sounds like it's for a much younger crowd (not the biggest fan of pub crawls and hours spent in a bus with 30 others); is there a similar solution for people in their 30s? Dating apps in general anecdotally seem to have a low hit rate in terms of successfully matching people. Is there a similar service that actually verifies the members, and something catered for young-ish professionals? I probably don't have the sufficient courage going to bars, lounges alone and starting up conversations, plus I am not sure it's a great way of meeting someone in the first place. Thought about joining a private club in London though males is the majority of members in most of such clubs in Mayfair in London in my experience and is better suited for professional networking instead. Some of the fancier lounges over here typically host groups of friends, couples or ladies looking to earn money which is not my goal. + +I understand this might not be the most appropriate subreddit to make this post in and I would appreciate suggestions for other subreddits instead if so. A naive part of me wants an easy solution that likely doesn't exist but I would like to get others' views here as well. I also feel that meeting someone is the sort of thing that should ideally happen naturally but I would like to put more effort into this as my ordinary lifestyle makes meeting someone new relatively unlikely. + +Thanks in advance. +I started hearing, investigating and buying cryptocurrency coins from around May 2017. I started off by making a little bit of money, losing money, making a whole lot of money, and currently I'm in a situation whereby I've lost a whole lot of money. This includes initial money invested. + +In May, June & July 2017, I started off by putting in fiat to buy about 10 Bitcoins worth of cryptocurrencies. I bought Bitcoins and then alt coins over a number of weeks. The market was in a sideways movement mostly. There were days when my portfolio was red, and days when it was green. What I did right was I hodled all the coins until I was profitable. + +August 2017. I made extremely great gains during this month, because the market was in a bull run and I'm sure most people made great gains. I went from having about 10 Bitcoins worth of alt coins to having about 30. I was extremely euphoric, and started making plans of when I'll resign from my job, pay off my house one day soon, etc. Only thing I did right was I didn't brag to other people about my crazy gains. I kept it to myself. + +September 2017. This was when the China FUD happened, markets dipped in a huge way. This time instead of hodling, I sold my alt coins. By then I was down from about 25 Bitcoins worth of alt coins to about 9. The other stupid strategy that I adopted was I wanted to go back to having 30 Bitcoins, and have that feeling again of invincibility. So I started gambling, hoping for a coin that would give me a quick 2x or more gain. I would buy a coin, and if it dropped I would sell it. + +October & November 2017. Pretty much the same thing happened, whereby I was gambling and not investing. I would buy a coin that I thought would rise in a few days. If it didn't rise or it fell in price, I would sell it and fomo into a coin that was rising at that time. As most of you might know, FOMOing seldom works, because you end up buying at an ATH. The price drops, you panic sell and the price resumes up again or continues dropping. Either way, I was losing money. By the end of November, I had about 3 Bitcoins worth of alt coins from 9. + +December 2017. We're now in the middle of December and it has been brutal, I didn't learn anything. I would buy an alt coin, and if it didn't rise I would sell it. There were some coins were I made some gains, but I sold quickly and those coins continued rising. I also bought coins that were considered good, they dropped and I sold after seeing a coin that was rising. I am now in a situation where I went from having 3 Bitcoins worth of alt coins to now having 0.5. + +I'm hodling a coin now, and my tokens are at MEW. I have no option but to hodl. I have so little money that I'm willing to wait 6 months to get a 2x, so I can at least have 1 Bitcoin worth of an alt coin. Provided the alt coin keeps up with the price of Bitcoin. Even if the market corrects 50%, I'll still hodl. + +In terms of fiat, I lost about 80% of all money invested. I'm literally broke, lol. The money I spent years saving is gone because of stupid, uneducated and gambling type of trades. In order words, I went into crypto with about $50k, to a high of about $170k, and now I only have about $10k. + +The purpose of this post is to release my feelings and disappointment, but also for other people to learn from my crypto rooky mistakes and for them not make the same mistakes I've been making. + +Hopefully most of you guys have made massive profits, and may you continue to make money money. As for me, all I'm hoping for is a gain back $50k. +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) +Good evening my fellow broke boys (especially the Z1P boys). + +I'm looking for advice/recommendations regarding some reading material. I want to expand my knowledge on what aspects within a company I need to look into before purchasing stock. I understand that businesses in each industry have different elements you must evaluate before making an investment (debatable on this sub), but it's those aspects of each business that I need help classifying and breaking down to make sure I have done acceptable research. Any recommendations or advice on what to look for (or especially reading material) will be appreciated. + + I would love to be able to one-day complete in-depth research into companies, such as the masterpiece on this sub u/flatman_88 wrote up not long ago [https://www.reddit.com/r/ASX\_Bets/comments/s97n4e/bsx\_blackstone\_minerals\_looking\_forward\_mining/](https://www.reddit.com/r/ASX_Bets/comments/s97n4e/bsx_blackstone_minerals_looking_forward_mining/) + +TLDR: I need advice on what aspects of a business to look into (across multiple industries) to ensure I have done satisfactory research before purchasing. + +And yes, I know this is pretty much a gambling sub I'm writing research-related questions on +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +The way I see it, if I'm going to have my Roth IRA until I'm 65, why not just go for maximum gains? I don't care about huge downturns, I just care what my money will be by the time I'm old. + +I believe doing something like 100% SPY or 100% VTI sounds like I'll have way more gains than if I had a portfolio with bonds, but I see a lot of advice on having a "balanced" portfolio for your risk tolerance in a Roth IRA. Is the purpose of having it balanced/diversified just so in case of emergencies you can withdraw your contributions and not end up being -50% down during a downturn/recession? + +Edit: +My current Roth IRA looks like this: 50% QQQ, 50% SPY. +Repost because other post just got downvoted to oblivian. + +By [u/hrk\_inc](https://www.reddit.com/user/hrk_inc/) from the German GameStop subreddit translated with DeepL: + +Edit: Link to the original post: https://www.reddit.com/r/Spielstopp/comments/qr175f/recherche_zu_dmsa/ + +Hello my dearest Apes, + +I invested a bit of time and took a closer look at DMSA. What I found is quite interesting and someone with more time and knowledge can definitely drill deeper there. Most importantly, it tells me that we shouldn't put anything on the DMSA report. + +What is interesting is that there is really no news on Google about DMSA that is older than 2 weeks. Most of the news are from the press portal (I think you can place your "news" there quite easily yourself) and the Manager Magazin, which refers to the press portal. On the DMSA website you can find a bunch of own press releases about Evergrand. + +DMSA's CEO, Michael Ewy, is also a senior analyst at SFSI Ratings, an equally unknown Swiss rating agency. One does not find any further, serious links to Michel Ewy - Not even XING or LinkedIn. + +[http://www.sfsi.ch/](http://www.sfsi.ch/) + +The website of SFSI is probably from the same construction kit as that of DMSA. In terms of content, the SFSI rating has even less to offer on the website. The only "reference" points to their own website.... Under "Our Company" Michael Ewy is the only person listed. In the imprint a Thomas Lemke is named as managing director. A search on Google brought similar success as the search for Michael Ewy. + +If you search "SFSI" on Google, Google directly suggests DFSI, which also has a website from the same construction kit. The managing director is also Thomas Lemke. Senior Analyst at DFSI is a Sebastian Ewy - the last name looks familiar. This website doesn't have much to offer either, except heaps of press releases about Evergrande, exactly the same as at DMSA. On the SFSI website you can find a bunch of ratings, but they are written very unprofessionally and most of the links to sources are missing or empty. + +[https://www.dfsi-institut.de/](https://www.dfsi-institut.de/) + +The whole thing looks rather unserious and constructed exactly for the case of "Evergrand". There are no serious news about the mentioned agencies that could give credibility. + +But why the whole thing? And for whom? + +Translated with [www.DeepL.com/Translator](https://www.deepl.com/Translator) (free version) + +TLDR: When you search for "evergrande default" you can't find any source which isn't linked to the DMSA press release. Also the DMSA site looks sketchy. +# Hello fellow apes! 🦍 + +First of all, this is not financial advice. Do not take anything I say here as the absolute truth. Make your own due diligence and take your own conclusions. + +All of you know, GameStop released its proxy statement on April 22. I personally can not vote since I have my shares in eToro but **please**, vote as soon as you can. Your vote is extremely important and the board urged us to vote ASAP. + +I am feeling very anxious today. Rainy saturday here in Uruguay so I decided to [take a few hits](https://www.youtube.com/watch?v=AQ2WO_u0Ork) and do some DD on the proxy voting process of GME to keep that confirmation bias going. + +https://preview.redd.it/m48drdf9i7v61.png?width=800&format=png&auto=webp&s=2e38aac59868545af595b0a7c3c2062571109589 + +I've been **JACKED TO THE TITS** since the 14A filling because the **final vote count** can show how there are much more *"shares"* than the real available float, proving beyond any doubt the naked shorting and manipulation that we all know is taking place. + +So, you may be wondering: ***Do we have to wait until the shareholder meeting date for the truth to be uncovered?*** + +# I think not. Or at least that's what this DD is about. Let's get into it! + +https://preview.redd.it/44seg2lzo7v61.png?width=628&format=png&auto=webp&s=3e90360a0a6720c717bdf06907e0486cda9c12c9 + +# How are the shareholder votes counted? + +This is actually stated in the [proxy document](https://sec.report/Document/0001193125-21-126940/#toc122967_28), page 12: + +>**9.  Who Counts the Votes?** +> +>We have engaged Computershare, our transfer agent, as our inspector of elections to receive and tabulate votes. Computershare will separately tabulate “for” and “against” votes, abstentions and broker non-votes. Computershare will also certify the results and determine the existence of a quorum and the validity of proxies and ballots. + +Okay so let's do some research on Computershare! If we go to [their website](https://www.computershare.com/) we can see they do a lot of things, but we specifically want to focus on the proxy voting specifics. + +This is not about the count itself, but it's nice: [GameStop is prepared to have a virtual shareholder meeting](https://www.computershare.com/us/business/issuer-services/shareholder-meetings), supposedly using the latest tech. + +Ok, back to the count. In the "Business" menu, we can see there is a section for "Corporate Governance & Proxy Services". Here there are links to different pages showcasing the different capabilities of Computershare's Proxy Services. + +[Computershare site showing the shit ton of things they do](https://preview.redd.it/da6g1jryi7v61.png?width=2414&format=png&auto=webp&s=20285720242cf11a76728cd5131e9e31a9cea6a8) + +We are interested in the [Optimize corporate issuer proxy outcomes](http://www.georgeson.com/us/business/proxy-solicitation/prepare-for-shareholder-meetings) section specifically. This links takes us to another site of a Computershare company: Georgeson. + +I believe Georgeson is the part of Computershare that manages the proxy services for [corporate issuers](https://www.investopedia.com/terms/i/issuer.asp), like GameStop. + +**Here is the juicy part:** + +[\\"During any live shareholder engagement program we closely monitor your votes daily using integrated vote tracking platforms. You get actionable, real time vote reports.\\"](https://preview.redd.it/4arhi4ccj7v61.png?width=762&format=png&auto=webp&s=2f0f766ea85d6bc4d3ad6cdee415f45726201d71) + +I believe the last sentence is extremely important. Let's dissect what it means: + +* **Real-time:** GameStop has access to real-time, live count of the votes. It's not like they have to wait until the voting process is over to know the count. +* **Actionable:** I speak English, but it's not my native language so I googled the definition of "actionable" just in case: + +[Basically, I understand it means that it can be used \\"in a legal manner\\"](https://preview.redd.it/1sse1xqer7v61.png?width=594&format=png&auto=webp&s=63b0dd9ec6538b3371991d01f73a6ee706d6e6dd) + +Also, in this ["Proxy Solicitation & Corporate Governance Solutions"](https://www-us.computershare.com/content/download.asp?docId=%7B9D6D5536-F0AD-4BF0-BECD-BA50A08971E1%7D&cc=US&lang=en&bhjs=0&theme=cpu) Georgeson PDF document: + +>**UPDATES ON VOTING RESULTS** +> +>Once voting results become available, **we will provide daily reports detailing the progress of the solicitation**. In addition, we are the only firm that provides **real-time tabulation updates** (including major unvoted positions) on the Internet, which you can access using a unique company code and password. + +# HOLY MOLY + +# So, basically this means that GameStop not only knows the live vote count, but they can also use the voting reports in legal action. + +If our theory is that GameStop will inform some entity of this issue and recall the shares (not really sure how that would play out, if someone knows please let me know in the comments) this implies that **they could legally do it as soon as they see that "*****the count is off*****".** + +&#x200B; + +[Hmm... The count is off...](https://preview.redd.it/08hffj05p7v61.png?width=352&format=png&auto=webp&s=73f646f7af7d645371caa31b08f53fd8f133a748) + +# BUT WAIT, THERE'S MORE! + +https://preview.redd.it/q21lai57k7v61.png?width=248&format=png&auto=webp&s=6f2387862d4c38576b1fe3e34252aabe95b6091c + +Georgeson has this amazing ["Annual Meeting Calculator"](https://www.georgeson.com/us/annual-meeting-calculator) that allows companies to have an approximate timeline reference of relevant events prior to the meeting. + +If we put GameStop meeting date, we can more or less predict what is the current status of the whole proxy voting thing. **I AM NOT SETTING DATES FOR THE MOASS**, but rather just trying to estimate where we are in the timeline. + +&#x200B; + +[If we were to follow the normal schedule, GameStop should have filled the proxy statement with the SEC on May 5.](https://preview.redd.it/cwx0xtk5l7v61.png?width=2262&format=png&auto=webp&s=40533aab2a209da5b16078e4014084125f419929) + +Okay, so we are early! I believe this means they are really doing their best to speed up things. **I like the stock.** + +According to the calculator, Georgeson should start sending GameStop voting reports **13 business days after the SEC filing.** + +# So we can estimate that GameStop should receive their first voting reports around 5/11 + +**EDIT 1:** It has been brought to my attention that I may have been reading too much into the "actionable" definition: + +>**By** u/umisen-yamasen +> +>(2) "actionable" isn't a term of art, it just means whoever uses their service can use/rely on the voting results generated quickly to pass resolutions, without having to tabulate the votes slowly. I am exposed to similar service providers such as this in my work and I can tell you that it is highly unlikely there is any double meaning here. + +&#x200B; + +**EDIT 2:** + +After doing some more research on over-voting, it seems that there are strategies in place to make the final vote count match the DTCC share count. I'm gonna do part 2 of this DD, clarifying things that I may have overstated here. + +However, I believe this makes sense for the voting process itself, but assuming a ridiculous vote count (like many times over the actual shares) GameStop can release this information, and we can put public pressure so SOMEONE makes something about it. + +**TL;DR:** GameStop will have access to a real-time vote count and daily reports around 5/11, and ~~it seems that those reports can be used in a "legal" manner.~~ +I bought my house 2 years ago, with a 2.875% interest rate. Since the beginning, I pay an extra $100 toward the principle amount (in addition to the mortgage + escrow total due) and it scheduled to shave off 3 years and $15k in interest savings. + +My question is that with interest rates climbing much higher, recent inflation, etc., would it be better to use this money for something else since the home loan is “cheap money” at such a low interest rate? Or is it more worthwhile to keep making the extra $100 principle payments to save all of that interest? +my dad works at a senior care facility as a janitor. he has diabetes, high blood pressure, and he’s a smoker so he would very much be considered high risk. he’s terrified & wants to quit but quitting wouldn’t allow him to apply for unemployment benefits. his work place doesn’t have an HR department that he can contact so we’re just not sure what to do. would it be in his best interest to continue working there but look for a new job in the meantime? I’m not sure if there’s any assistance we can look into. we can’t afford for him to lose his income. any advice welcome. + + +[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!* +Today I trade about 55 ES futures contracts when I switch between long and short in my strategy. My current trade execution algorithm is pretty dumb, I place a limit order 0.25 cents below the last traded price. I'm guaranteed at least a partial fill there, but unless the trade is executing in the first or last hour of cash trading session, it usually does not fill completely. Then I wait 2 minutes, and if it still has not filled, I adjust the limit order again to 0.25 cents below market price to get more fills. I continue this 2 minute adjustment and waiting until the order has completely filled. The longest this has taken is 5 cycles during low overnight liquidity, and 3 cycles during cash session. + +In the end, my fill is usually somewhere between 0.25 and 0.5 different from the market price at the time my bot decided to trade, not too bad. But what if I were trading 10x this amount, 550 contracts? Especially during non-cash session hours, I'd be incurring major slippage of a few dollars on average which would really hurt my strategy's returns. I suppose I'll have to program the bot to trade less frequently and hold off until cash session for more liquidity or at least only try to partially scale in overnight? + +I only have 1.75M right now, but my strategy involves always being either 3x long or 3x short which is how I get to the 55 contracts (it has to go from ~27 or 28 contracts long all the way to 27 or 28 contracts short for 55ish total). What if I were trading 100M? I've tracked liquidity in the order book and even during the most liquid hours of cash session, there's at most 2500 contracts within 10 buy levels ($2.5 of market price), and often as little as 800. This means a single market order for 3200 contracts that my current strategy would trade with 100M capital would move the market $5-$10 which would obviously kill my profitability. I don't yet have this problem, and my strategy would be fairly profitable up to about $2-4 in slippage, but I'm planning ahead so I can solve this problem ahead of time. + +**TLDR** How to implement large trades in futures? Is there a better method than simply splitting trades into smaller chunks over an hour and keep adjusting limit prices to the market? + +**Edit** Thanks so much everyone for the comments and ideas! I have a lot to learn on this front as so far I have focused almost all my attention on the strategy itself and not the execution beyond the basics. I'll be looking through these ideas and responding over time as I have questions or something useful to add +Hey all. I’ve been selling weekly CSPs on a few stocks. I got assigned a few weeks ago and have been selling CCs on the stocks, but they’ve gotten away from me a bit. + +For example, I got assigned a put on AAL at 17. Now the stock’s been sitting around 12-13. The weekly’s have very low premium now. + +In this case, would you: + +A) continue selling weekly CC for small premium and wait for a rebound to get some more premium. That way I can still get small premium and if it goes up a bit more, the premiums will go up again. + +B) sell a longer monthly at my original assignment to lock in some actual premium. If it climbs in the next month, I’ll get out of my position, or switch back to weeklys. + +C) sell and move on. I don’t want to take a loss, but it’ll at least free up more capital. +Hey folks, + +I am a data scientist and I try to use maths to come up with strategies that can potentially work. Obviously trading is very difficult to automate so most strategies fail. But I came across a strategy last week that seems to have a high probability of success. I ran it on a paper account this week and the results are promising. Wanted to share it with everyone and discuss. Here's a short description of the strategy. + +# Strategy + +Using statistical price projections based on historical data, sell far out of the money CALL/PUT options contracts or spreads because there is a high probability they will never become in the money. + +This might be a lot of jargon, so let me explain with a **Moderna ($MRNA)** example. + +# Moderna Example + +**Price Projections** + +The first thing we need for this strategy is to have some sort of price prediction or price projection to understand the potential limits the price can reach in the next few weeks or months. Unfortunately, price prediction is an extremely hard thing to do in trading. Fortunately, there are some statistical methods out there such as Monte Carlo simulations that can provide you upper or lower limits of the future price with a certain probability. In our case, we will simulate the upper and lower limit of the price with 95% confidence interval i.e. the probability that the price can go out of the range is 5%. + +In theory, this is a clean mathematical tool. However, in practice, that 5% probability is not always 5% - it can be more for volatile stocks. However, I've backtested this on the last three months and this actually works quite well. Let us take a look at $MRNA projections in the next 30 days. + +&#x200B; + +[Moderna Price Projection Limits @ Tradytics.com](https://preview.redd.it/cejf8qa998661.png?width=1613&format=png&auto=webp&s=6a2256efb44f23a04b7d7e90c210f36505cd4e98) + +We can see that the upper limit for the next 30 days is 186 and the lower limit is 142. There's too much volatility these days. **Therefore, it's better to stick with weekly projections, which are 164 and 144.** Now that we have an idea of where the price might stay, we can go ahead and find contracts to sell. I will talk about selling naked calls and puts here. However, that requires a lot of margin and in live settings, I would suggest selling credit spreads. + +These charts are from my own website but I won't post a link here because that'd be promotion. You are free to use any of your own price estimates. You can also manually look at price action and see what's the maximum price range for a stock. For instance, the max price range for a week for $TSLA is about 120 dollars. + +**Contracts Choice** + +You can use any tool of your choice. However, I have my own scanner that I use to find high IV contracts for each stock. For $MRNA, here is what we get. + +[High IV Contracts for MRNA](https://preview.redd.it/r33g9wnca8661.png?width=1636&format=png&auto=webp&s=ca748951d2dc27ea41fcbecaba549eac818890cc) + +Looking at these, I like the 140 PUT for December 24th. However, I want to be safe and since the price is already close to 140, I would actually go further down and look at 120-130 PUTs strikes with weekly expiration - those are going for about 1-2 dollars per contract. Similarly, I can also sell calls above 170 since it falls above the projected range - those are again going for about 1-2 dollars. + +That's the basic idea behind the strategy and if you create spreads or sell calls and analyze them in any options analyzer, you will actually see that all your contracts will have a 95%+ probability of expiring worthless which means you get to keep the premiums. + +# Show me the actual results + +That's the question everyone will have after reading this. Well, I followed this exact strategy last week and sold calls, puts, and spreads on a paper trading account. I was green all 5 days and ended up 2400 dollars in profit (although margin requirements were large since I sold a few naked calls and puts). Again, in reality, only credit spreads should be sold since those are safer. + +[Profits from last week \(2,507\). All weekly sold contracts have expired worthless. Please ignore $PLTR since that was a debit spread.](https://preview.redd.it/182d16lkc8661.png?width=1821&format=png&auto=webp&s=2542d379a5726b0ab2ab2b9d29b71f38c8b5a6ad) + +# But the loss would be very high if we fail + +Yes, but we again need some maths here. Let's stay there's a 95% probability that you'll profit from selling a spread and you max profit can be $100. Your max loss can potentially be about $1000 which seems so high. If you do the maths and calculate the average profits that you will get if you follow the strategy a hundred times, the profits come out to be 50 dollars per trade - **(0.95\*100 - 0.05\*1000).** You can also always close the contract if it's not working. + +&#x200B; + +That's it folks. Wanted to keep this short. Thoughts? +Disclosure: Some of this is speculative and may need some fine-tuning, please chime in if you have something to add. This is a story of what has likely happened, and what is likely happening now, and in the absence of facts, I've made assumptions. + +TLCR: Brokers don't have your shares to DRS, are trying to procure them over a period of weeks to months. Fidelity is engaged in corporate warfare by BUYING IN undelivered shares transferred to their firm and sending the contra firm the bill. Not telling you what to do but I'll be Buying, HODLing, and DRSing... + +I have an Ortex subscription and I monitor the borrows, returns, and rates. I've been watching GME's ticker since January. I've studied GME's volume extensively over the last decade. This is an idiosyncratic stock and other DD's have uncovered a lot of the mysteries that explain its uniqueness. There's been a bit of data that's always made me wrinkle my brow and I believe that with the development of the friction associated with DRS transfers and the eye-opening DD that's been written all the way I finally have an explanation. One of GME's idiosyncratic attributes is its irregularly low borrow rate, but unexplainable (for me at least) is why I occasionally see the borrow rate as a negative. **THEY ARE LITERALLY PAYING PEOPLE TO BORROW THE STOCK.** + +**Who's** is paying someone to borrow the stock? Your broker. Why? Their leverage ratio puts them at vulnerable risk levels. + +First, let's talk about leverage just to build the foundation of what I'm about to accuse your broker of. **Leverage** in the most basic terms leverage is a ratio or a fraction. The numerator (top number) is **Debt** or **Liabilities**, and the denominator (bottom number) is **Assets**. For example, if you bought a home with conventional financing in the US your leverage ratio, with regard to the property, would likely be 5. Let me explain, conventional financing typically requires a 20% down payment, so if you buy a house that's worth $1,000,000 (I was going to use $100K, but you Apes need to get used to the larger numbers) the bank will require that you have $200,000 as a down payment. So the ratio is $1,000,000:$200,000 or $1,000,000/$200,000. Now we simplify, and we have a 5:1 or 5 leverage ratio. I don't know where to put that number for your broker, but I would put most brokers (looking at you E-Trade, TD Ameritrade, Robinhood) at risk thresholds. + +https://preview.redd.it/w5xx68fdavr71.png?width=1024&format=png&auto=webp&s=8bb65fd7dbf482779657eb26819e7546b2c1431e + +**HOW?** I think that through either internalizing your order, meaning they took your money and wrote down an imaginary position in your account and planned on paying you back with your own money when you "predictably" sell for a loss because that's what "dumb money" does or possibly because there was NO LIQUIDITY and NO SHARES FOR SALE but they weren't going to miss out on taking your money and predictably buying this stock when it was MUCH lower, pocketing the difference. OR, your broker did transact a trade for you but that trade failed, they got a refunded, and they never took the necessary steps to ensure delivery of something you paid for, once again, because they know that "dumb money" sells meme stocks for a loss. Here's an example: + +&#x200B; + +https://preview.redd.it/f58iafhtavr71.png?width=577&format=png&auto=webp&s=29dbd6f807c0ee58a90970a234f53011fd3672a6 + +Jim bought 100 shares of GME for $30 on January 13th. The broker either internalized or failed to ensure delivery of your stock and pocketed the money. On January 28th Jim's broker's leverage ratio, when GME hit $450, was 450:30 x 100. In other words, they were leveraged 15:1 or their leverage ratio was and they now owed Jim $42K worth of GME. See how that could be problematic if you did that with millions of orders? I accuse the entire Financial System of collusion from the Fed to the Hedge Funds, to the Market Makers, to your very own Broker. + +Back to the negative interest rate on borrows, if they need to decrease their margin risk or leverage ratio why are they are incentivizing borrows with the few assets they actually hold? The big reason is that it helps keep up the **charade** and appearance that they aren't in existential crisis by providing liquidity to the market. The second is that it creates **downward pressure** on the price, alleviating the numerator (Debt/Liability) in this ratio. Third, Apes deposit money and **buy the dip**, coincidentally THIS TIME they transact and procure the asset, thereby increasing the denominator (Asset), which strengthens their leverage ratio and provides one more share that they can pay people to borrow to drive the price down. I think in many regards, they are playing Market Maker and hedging into GME by internalizing the comparatively few shares their customers do sell and transacting every buy. This incrementally strengthens their ratio, but during **periods of increased margin risk** (around future's settlement) they HAD TO BUY-IN, coincidentally margin risk is typically greatest during futures settlement dates. + +**Slowly they were getting a handle on their Risk Level Margin, but then the apes started transferring.** + +https://preview.redd.it/zkx4xmb5ovr71.png?width=1161&format=png&auto=webp&s=4cd68c557ef4e09d67b59e757ec0898d2df4bd4d + +**FOUNDATION** + +Watch Thomas Peterffy's interview again. In fact, watch it twice. + +[https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +With that volume, everyone in the industry knew that the vast majority of shares would Fail-To-Deliver. There's was effectively 0 liquidity, and without intervention, the stock would have gone to the moon and an entire financial system would have gone up in smoke. + +It's important to take note that Fidelity sold 9,276,087 shares of GME between 12/31/20 and 1/29/21. + +You're going to hate me for not citing this (if you know where it is, let me know), but in one of the Class Action court documents I saw an email or chat where Citadel said they wouldn't be paying for Buy Order Flow, only Sales Order Flow. Meaning, they weren't willing to buy shares on their tab and be responsible for the inevitable failed delivery to Robinhood on GME, exposing them to even more risk, because of its potential to rise exponentially. Robinhood couldn't take on the risk by itself, as it had already taken on excessive risk. + +So, nearly every broker who didn't shut down the buy button was essentially short selling you a security that they had no expectation of delivery on, and could only HOPE (and cheat) that the price would go down enough to manage this disaster. **Why?** Because they'd already done it, not excessively at first, just a little extra profit-taking. Then it became a loss, so they figured they'd do it a little more, dilute the price a bit, these suckers will sell. They did that until they found themselves looking at their potential demise. Remember RC's "Don't do drugs, drugs are bads" Maybe a reference? + +[https://twitter.com/ryancohen/status/1425606429574979584?s=20](https://twitter.com/ryancohen/status/1425606429574979584?s=20) + +&#x200B; + +https://preview.redd.it/103dzoucgvr71.png?width=735&format=png&auto=webp&s=082e4e8f7faee91fc8de12428e6c7e61e38c7c18 + +**MIGRATION** + +It's also important to note the First Great Migration of The Apes was the exodus from Robinhood. Gauging sentiment, it seems that Fidelity won over the vast majority of that population. Fortunately, for The Apes, Fidelity had apparently sold their own stash of during that period GME was not available to buy or nearly guaranteed to fail delivery. As a result, Fidelity was able to maintain a conservative leverage ratio and a grip of cash on hand. They saw an opportunity to put a competitor on the ropes, and engaged in violent corporate warfare. Instead of simply holding a place on their ledger for the securities that Robinhood was transacting a Non-ACAT transfer for (allows 4 to 6 weeks for delivery, seen as an **Accounts Payable** or **Undelivered Assets** by the sending firm and an **Accounts Receivable** by the receiving firm), it appears that the receiving firm has the option to "Buy-In" the position and send the contra firm the bill. When The Apes began transferring in February Fidelity did just that being a major player that had limited risk by selling their own shares over short selling, as a result they also had a windfall of cash from the very same move. + +Now, couple that with the Danger Level Leverage, Brokerages had taken on during this "Black Swan" event, Fidelity's Buy-In was the catalyst for the February 24th run. It became a feeding frenzy between brokerages just to maintain just the BARE MINIMUM Leverage requirements. If you read the Robinhood IPO, you find out that in February Robinhood had a seemingly rushed $5B issuance of convertible notes and warrants with bargain rates and conditions. I believe Fidelity sent Robinhood a bill for $5B after proactively Buying-In a large portion of Robinhood's obligation to deliver. + +&#x200B; + +https://preview.redd.it/q751836igvr71.png?width=1252&format=png&auto=webp&s=f979585c60408cf6daf9255df81363eba6e541a8 + +**REGISTRATION** + +The second example is The Ape's mass exodus from their broker to Computershare. What happened to Robinhood is now happening industry wide. They are using cash or credit that is extremely thin to fulfill their obligation by buying shares and realizing a huge loss, and while that decreases the ratio incrementally they are then are required to immediately remove that share, an asset, from the entire equation. This is why they are dragging this out as long as possible, they are on the brink of bankruptcy and liquidation. This puts them at high-risk margin levels and what's compounding the problem is that Apes suspicious of those time frames transferred to Fidelity to DRS because once again, Fidelity has once again found itself in a position to deal bone-rattling blows to their competition by BUYING IN the undelivered position, and sending the contra firm the bill. + +In summary, every share DRSed likely requires a corresponding buy. Some brokers will likely become insolvent and be liquidated, the system may actually be trying to consolidate those liabilities with a few bag holders, it's what I would do. Most likely are TD Ameritrade, and E-trade. Both are acquisitions by Schwab and Morgan Stanley, but the most valuable part of broker acquisitions are the Client Accounts, they often don't need the brokerage's infrastructure or employees as the model is very scalable. + +&#x200B; + +https://preview.redd.it/cdkk7kk6uwr71.png?width=2290&format=png&auto=webp&s=68862a9f88ef7e00c0676a25fc6c3fe16521b47a + +**REVELATIONS** + +For those of you who don't follow Ryan Cohen's tweets. The numbers 7 4 1 are a repeating theme, whether that's the time stamp or posts per month in chronological order. + +**741** [https://www.law.cornell.edu/uscode/text/11/741](https://www.law.cornell.edu/uscode/text/11/741) + +Google 741. Top of the page, there it is. US Code that pertains to **Broker-Dealer Liquidation and Bankruptcy.** + +I took this potential 741 seriously and diversified my holdings among five brokers. Transfers were a real eye-opener as I saw transferred cost basis and a mix of ACAT vs Non-ACAT transfers within the same transfer request. For each DRS transfer request TD Ameritrade took EXACTLY 10 business days to submit the transfer BOTH times and I was an early adopter. E-Trade has followed suit. I've transferred from the very same account at TD twice to Fidelity and completed two DRS transfers before TD or E-Trade fulfilled their obligation. I'm pulling everything I have as fast as I can from these two brokers. +TL/DR: I like my job, but also mental health is really important. + +Edit: in case this confuses anyone else, the timestamp on my old post is showing up as 1yr ago on some devices. I believe this is because it was technically poster 1yr 11mo ago and some versions of Reddit app round down to the nearest full year. But it was indeed written in October 2020, and this is a (nearly) 2 year update. + +In October 2020, I made a [post](https://www.reddit.com/r/financialindependence/comments/jhe6va/i_left_a_faang_prefi_for_a_more_fulfilling_job/?utm_source=share&utm_medium=web2x&context=3) here that was fairly well received. I wrote that post 9 months after leaving a FAANG and, as the title says, I took more than a 50% pay cut, pre-FI, for a more fulfilling job. I’ve been thinking about doing an update post for the past year or so, and now the time feels right enough. Quick financial recap: Back then I was 25 years old, NW of around 200k-ish, and I felt I was just about coastFI. Now I am 27 years old, unsure of exact NW, especially now that I have to consider house equity, mortgage debt, and recent market volatility, but it’s gone up a decent amount - maybe to 240-270k depending on how you count the home equity (and if you consider markets from a month ago and not time of posting lol). Basically I’ve been able to save some, but not as much as I’d like - who’da thunk it’s harder to save money on a lower salary. + +# What’s happened since October 2020? + +I’ll start with some life updates. Apologies in advance for being a wall of text / stream of consciousness. I’ll put reflections later - this paragraph is intended to just be an info dump of the last 2 years. When writing that last post, my partner (now ex) and I were weeks from closing on a house. The closing went well, and I love the house. It is an old house (1910’s), but so far have had no issues. Since closing, property values have gone way up - just got a HELOC based on a valuation about 30% higher than we bought. I should be able to remove PMI next month, at the 2 year mark. My sister, who lives down the street, had my first nibling a bit over a year ago, and being an uncle has been wonderful. I am still working at the same place, still remote. My responsibilities kept expanding until I finally felt justified in asking for a title change to CTO, which was approved without question; it’s not super meaningful at a small research nonprofit (< 8 full time employees, but many part time and volunteers), but my previous title was pretty obscure so it’s great to have something clear and an obvious career progression for me. My salary has increased to about 103k - you may recall that my starting salary was 88k; not too shabby, but not tech sector executive level either! I now manage, at any given time, 3-6 part time engineers and student interns. I manage several projects, write statements of work for the consulting arm I started, manage some IT related stuff (I’m not the primary IT person at the org though), and individually contribute. As foreshadowed before, my partner and I have (recently) split up. I’ll get into that more later, but for now, I’ll just say we are on fairly good terms, and it didn’t financially wreck me. + +# Brief review of October 2020 post + +While rereading the old [post](https://www.reddit.com/r/financialindependence/comments/jhe6va/i_left_a_faang_prefi_for_a_more_fulfilling_job/?utm_source=share&utm_medium=web2x&context=3), I’d say I was (perhaps cautiously) optimistic about the future and the choices I’d made then. My takeaways were that I liked my job more than my FAANG job, but it was still a job. Some gushy statements about values, purpose, and fulfillment, and having faith in the future. + +# Do I still feel the same way? + +In a lot of ways, yes. In the last year, I’ve actually come to enjoy my new job more. At the time of writing the old post, I was being pushed to work on this one project that I grew to really dislike. Once that was finally over, things got a lot better. I eventually started a consulting arm of our nonprofit, where we help apply our research methods to other academic projects as contractors. I’ve been managing engineers in a much more real capacity, and I’ve found it really fulfilling. I significantly helped in this one grant application, which, if we get, could mean a fairly significant expansion to the org. I am still regularly coding interesting things as well, and generally working easy hours. + +The main thing that deviates from the points of my old post is that caring for my mental health was just as, if not more, important than having a job I found fulfilling (and, of course, the two are likely related in several ways). I’ve come to realize that I have had significant depression and anxiety, probably since I was a teenager. While I’d been to therapy a few times even before writing my last post, I never really got much out of it. It wasn’t until the Fall of 2021, when I finally talked to my doctor about it, was diagnosed with major depressive disorder, prescribed meds, and even took FMLA (medical leave), that things really started to improve for me. Just existing is not supposed to feel like a major struggle every single day! It’s such a simple statement but it’s really something that’s easy to forget when you’re depressed, especially when it’s been your “normal” for years or decades. + +My meds (an SSRI and a mild stimulant) really helped me from being stuck in such a low place. My improved mental state, therapy, and some shocking life events (the sudden, unexpected passing of my grandmother, and a cancer event with my sister (she’s doing well now!)) really brought some perspective in my life, which eventually culminated with me realizing how unhappy I was in my relationship. Since this is not r/relationshipadvice, I won’t get too much into relationship details, but I’ll say that my relationship was keeping me from doing a lot of things I wanted to do, and kept me stuck in some poor habits (that really fed my anxiety and depression) that were formed when I was mentally ill teenager. I have no ill will toward my ex. + +Since this is a financial subreddit, I’ll briefly go over the financial details of the breakup. We were not married, but we shared a house and vehicle. The house was technically in my name only, but we would have bought it together if it wasn’t for my ex being between jobs due to COVID at the time of applying for financing; we split costs and always treated it as co-owned. So, I’ve bought out their equity in the house and the car (subtracting some money that they owed me from something unrelated). All in all, it put me out < 25k; it’s not really a life-changing amount, but it’s nontrivial. + +Now that I have significantly better mental health, I am looking back at my career pivot with some more perspective. I still think it was a good choice, and probably the best for me at the time, given my poor mental state. However, I suspect I could have managed working my “unfulfilling” FAANG job if I had better mental health at the time. It was actually kind of an epiphany moment that led me to leave the job (in part from a self-help-ish book that I still very much appreciate), but given my extreme history with depression, what I think I needed more than anything was medication! Don’t get me wrong, I made great strides with self-reflection and learning to process my emotions. But, at least for me, my upbringing as an LGBTQ individual in a Catholic Texan family did not leave me well equipped to handle life without some significant intervention. + +So, I am doing much better now, mentally, and am more optimistic than ever about the future. I am back into a good fitness routine. I am going past my comfort zone and making new friends - something I found extremely difficult to do before with my anxiety, depression, and being able to use my relationship as a crutch. I don’t regret my career choices, and I really enjoy my job now. I also feel that, if I wanted or needed to, I could probably go back to the tech sector and get a pretty good job, coming in as a CTO with the diversity of experience I now have. Or, perhaps I’d be able to freelance / househack my way into coasting. (Or, as a young new single, marry rich!) + +A caveat to all this good, though, is that from a pure financial perspective, these QOL improvements might not be a good thing; my poor mental health in a lot of ways gave me tunnel vision for FI. Now, I am spending quite a bit more and saving less as I explore a lot of things I had not before. But, maybe that’s as it should be ? + +# Conclusion? + +I don’t know that I have a clear takeaway here, other than *really* investigate your mental health whenever you feel you really *need* a big life change. I’m not saying you shouldn’t trust your perceptions, knowledge, and beliefs, but if you’re fortunate enough to have decent food, a non-toxic home, and a non-toxic job that pays enough, yet still feel like it’s a struggle just to exist in the world, something isn’t right - and it might not be as straightforward a fix as a new job or new chore schedule. +Hi everyone! I moved to Canada several months ago and came across GICs. Does any of you invest in GICs? If so, would you know which bank offers the highest interest rate? I’m not fond of investing in stocks because I consider myself to be a conservative investor. Sorry for my English and thank you for any feedback :) +Trying to diversify my portfolio and considering psychedelics. One stock I was looking at was NUMI, thought I’d get some more opinions before making my decision. Could it surpass MMED (its other competitor) or come close? Thanks +http://www.bloomberg.com/ + +It's new color scheme is now causing me to contract cancer. That's all. Please return orange and black. :| + +Note - This obviously does not follow the submission rules but I doubt I'm the only guy feeling the pain. +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. +What’s happening: evergrande is $300 billion in debt and can’t pay up. Their interest is due today and probably won’t be able to pay. Fears of them going bankrupted are real and China more than like won’t bail them out, but instead buy them out for very cheap. Investors are now afraid they probably won’t see that money, so are selling anything they have to recoup some (crypto included). Wednesday the fed will let us know if they are going to taper or not. + +Things are already coming up so this was just a buy the dip opportunity. +Hello everyone, first time poster here. I'm looking to get into REI and saw an idea shared in a FB group. Just wanting to get some feedback from the people in here who may be more knowledgeable. It goes like this.. + +Buy a piece of land to use as a campground. Ideally near some larger wood state land. Near me (upstate NY) you can get a few acres for around $15k. Turn it into a campsite. Maybe install an electrical hookup for RV's and an outhouse. I think I would also throw a Yurt on it (another $15k). Put the property on Airbnb, VRBO, and Himpcamp. With the Yurt, you're probably looking at $75-100/night. If you can get a 50% occupancy (I don't have any Airbnb experience but have heard that's a decent baseline estimate), that's around $15k annually in revenue. So after a few years, theoretically you've made your money back (I know there are taxes and fees I'm not accounting for here, I'm just kinda using rough ball-park numbers). + +My question(s) for this group.. has anyone heard of this strategy, or even tried it? It sounds like a decent low-cost way to get into rental properties.. what am I not accounting for? +I took out a $400k HELOC on my primary residence to buy a rental. After doing a cash out refi on the rental, I paid down $200K of the HELOC’s principal, expecting the monthly interest payment on the HELOC to go down by roughly half. I was apparently wrong — it appears that the monthly interest-only payment will stay the same. If that’s the case, there seems little point in paying off the principal if I can invest it elsewhere for a better return. Does this sound right? Is there anything I can do to bring down the monthly carrying cost? I am upset that I didn’t understand this but I can fix the situation by withdrawing the principal payment if I want. Thanks. +Anyone actually buying anything in this crazy market? I'm looking at single family houses in the suburban NYC metro area market. I've been bumped out of attorney review twice now. Each time the attorney asked if I wanted to come up on the offer, but I refused because a seller who shows and takes another offer while in attorney review will try to fish for a bidding war. Wondering if anyone else is dealing with this nonsense. +So I have this buddy who gambles over at WSB...last year he lost around 80k. Good year. +However, this year he’s up almost 80k again. Here’s his issue, Taxes (and stupidity). So all his gains are yolo short term gains. And he is trying to figure out a way to actually break even over the past two years and not lose 30k to tax gains because of short sighted tax laws. +Is there any way around this? My friend is very curious... + +Edit: Thanks for all the sincere and helpful comments. Also to the ones who caught on that my friend is actually my wife who has a serious problem, good on you. I didn’t want to throw her under the bus at first...but at least she’s gotten better at trading as of late. +# + +[Darren Saunders](https://preview.redd.it/0ggul6ve24v61.jpg?width=263&format=pjpg&auto=webp&s=594956b8dc085b7af1ace8630f537053abdcaf14) + +Darren Saunders dreamed of being a Wall Street stockbroker. He joined Stratton Oakmont in 1989. Yes, the infamous Wolf of Wall Street company. Subsequently left as he could not live with the unethical things he saw. He invested in a firm he heard about called Viragen. He describes how Viragen was destroyed by naked short selling and he lost everything. Darren decided to go on a crusade to expose the illegal practice. It would consume the rest of his life. + +&#x200B; + +[In this film](https://www.wallstreetconspiracymovie.com/) made over a decade ago, Darren describes his efforts and how he was ignored, ridiculed and attacked. The film also features Susanne Trimbath, who will be doing an AMA here next week. + +One day, a film producer, Kristina Leigh Copeland, randomly stopped at a bar where Darren was tending. They got to talking and Darren told her his story. They met and worked for months until the film you must see was started and years later finally completed. It took 12 years to make. During the making of the film, the GFC of 2008/9 hit. This is why the film probably never got a lot of traction: the GFC and the Michael Burry story, the Big Short became the focus. The film Margin Call is probably a lot closer to what we are seeing now. + +Darren became the ringleader of the ‘Dirty Dozen’, the group that tried unsuccessfully to expose the fraud we have uncovered as if it is something new. Darren tragically died during the making of the film, having never been vindicated. + +We need to remember. We need to resurrect Darren Saunders and get justice. + +Never forget, never forgive. + +Edit: The sub’s suggested anthem [Bad boys, bad boys, whatcha gonna do...](https://www.youtube.com/watch?v=NG2ci9CyiwI) + +Edit: Edit: We have a problem - this has been going on for a long time and nothing has changed. It requires action at a higher level to stop. Congress? The White House? +Never thought I'd post something similar on reddit but here we go. It's just that I need someone to share with. + +Life was never this way. I had an online gig that was making me enough to live and even save some. + +After the pandemic, the gig went from $xxxx monthly to an absolute 0. + +It was really frustrating at the start since that was the only incomne we had (me and my fiancee as we live together) + +We are renting a flat for around $500 and its been 10 months now since the rent is due. The landlord is an absolute amazing and understanding person but he is still a human. + +I managed to score some small gigs (web design and community managment) but that was bringing less than the monthly rent. (I live in a 3th world country and this is the best we can get payed, it also explains my bad english so sorry about that) + +I tried everything that I can do. But nothing works. We were going to marry last year but completely canceld it as we simply have no money for it. + +We came from very modest families and we were the ones helping them before, so u can imagine how it turned out to be once I started to ask for help (one of the hardest things I had to do in my life). + +At this point I'm completely lost. + +I managed to start something recently (a digital platforme in my country dedicated to real estate, but these kind of stuff require budget and going out speaking to people, which I can't find motivation to do since for me everything won't work as the rest. + +You may ask why I started this post. Well I just wanted to have this posted somewhere as I keep telling myself that I'm a strong person but I needed to have this out of my chest, this is the first time I talk about this. +I was wondering what is considered a fair way of splitting bills if one half of a couple owns a property and the other is renting from them? + +My situation is that I have been with my girlfriend for 2 years, the last year of which I have been living with her in a 2 bedroom flat she owns in south London near Sutton. She bought the flat through the help to buy scheme so has only been paying off the percentage of the mortgage she owns. + +To date we have split all monthly expenses 50/50 and this comes to £750 each per month. That includes the mortgage repayments (including £200 of over payments per month), council tax (£1850 per year) her life insurance and contents insurance, ground rent and property management fees (about £2000 per year), her car tax and insurance (I don't have a car but share use of hers), TV license and all utility bills. + +My girlfriend has talked to the mortgage company recently about buying out the government's part of the mortgage, so she would own 100% of the property. As a result of this the mortgage payments will go up significantly so total bills each month will be £2100, or £1050 each if split 50/50. + +I'm not sure if this is totally fair on me - on the one hand I have been on board with paying 50/50 for everything until now, but this is a very big increase in bills. She gets the benefit of owning the whole property and I get to pay about 50% higher bills each month, but own nothing. I checked the cost of renting a room in similar properties nearby and most are about what I pay now - £750 including bills. + +So I think I would be paying about £300 over market rate in rent & bills each month. She says that if it isn't split 50/50 then it's not fair she has to pay more but I'm not sure I entirely agree, as she is actually getting more ownership of the property. + +We have talked about getting married in the future and if that happens then I would probably get added to the mortgage and pay her 50% of what she owns at the time, so then we'd own the property 50/50. + +Has anyone experienced similar situations, what did you do and what do you think is fair? +Just wondering if this is another pump and dump since I couldn't find any news about it. Luckily I bought in right before the rise (0.000064) but to mitigate risk I sold 4/5 of my investment at 0.0001, then rebought at 0.000129. This leaves me at a break even price of 0.000082 and I'm holding for now but I'm wondering if it all might crash and burn. + +UPDATE: Decided to sell my REP to buy more GNT and a ledger nano s (mo' money mo' problems). Lets hope this goes on! + +UPDATE 2: Panicking a little but am hodling like a pro + [https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-rallies-as-higher-inflation-weighs-on-rate-cut-bets/](https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-rallies-as-higher-inflation-weighs-on-rate-cut-bets/) + +&#x200B; + + + +The Canadian dollar strengthened against its U.S. counterpart on Wednesday, adding to this week’s gains after bets that the Bank of Canada would cut interest rates over the coming months were tempered by data showing a pick-up in underlying inflation. + +Canada’s annual inflation rate rose 2.2 per cent as expected in November on the back of higher energy prices, while the average of the Bank of Canada’s three measures of core inflation rose to 2.2 per cent from 2.1 per cent, data from Statistics Canada showed. +I have a lump sum for long-term investment and want to put it all on VWCE. I opened a DeGiro account yesterday and suddenly all I read is bad reviews and people saying "stay away from DeGiro, it's not trustworthy". I got scared and now I think I should not make the transfer at all, but I'm new with this so I don't know if I'm just being influenced by bad reviews. + +My other option is IBKR, but it costs more, VWCE doesn't seem to be there and the interface is incredibly complicated even for one ETF. Those who have more experience, what is your opinion on DeGiro? +Hi, I have a few questions, + +1. What is the best way to maximize the use of tax-exemption of 801€ while living in Germany? If I have distributing World ETF that is paying dividends, are these automatically not taxed for each year up to amount of 801€s?\` +2. I have a duration of investing of 10 years, I might use that investment as a lump-sump for buying a property for example. Currently my portfolio consists of + +* [iShares Core MSCI World UCITS ETF USD (Acc)](https://www.justetf.com/en/etf-profile.html?query=IE00B4L5Y983&groupField=index&from=search&isin=IE00B4L5Y983#overview) ISIN: **IE00B4L5Y983** Amount: 70% +* [iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)](https://www.justetf.com/en/etf-profile.html?query=IE00BKM4GZ66&groupField=index&from=search&isin=IE00BKM4GZ66#overview) ISIN: **IE00BKM4GZ66** Amount: 19.53% +* [iShares MSCI World Small Cap UCITS ETF](https://www.justetf.com/en/etf-profile.html?query=IE00BF4RFH31&groupField=index&from=search&isin=IE00BF4RFH31) ISIN: **IE00BF4RFH31** Amount: 4.89% +* Ethereum Amount: 4% (Not planning to buy now as it's a bit expensive again.) + +What do you think about my portfolio? + +3) According to Bankeronwheels [https://www.bankeronwheels.com/long-term-investing-strategies-for-financial-independence/](https://www.bankeronwheels.com/long-term-investing-strategies-for-financial-independence/)He suggest that one should have equities + bonds and I took an assessment of Vanguard and it says i should have **70%in equities and 30% in bonds** + +\- How can I buy bonds? I don't see any in TradeRepublic and Degiro doesn't do tax returns for me automatically I believe? + +\- If I should buy bonds which bonds to consider? + +\- Bankeronwheels also says it's good to have 7.5% Inflation protection so I'm thinking I should buy a Gold or some kind of treasuries? How can I buy it most in an efficient way? + +So overall 70% in equities, 22.5% in bonds, 7.5 in Inflation protection (e.g Gold) + +I have access to TradeRepublic and Degiro. I'm also opening an account in Scalable Capital. +Note: I invest monthly 100 now monthly and I want to increase to 250€ and maybe more than that in the next months. +Guys, considering the recent depreciation of EUR against USD. Do I lose/underperform in some way by investing in VWCE? My plan is to continue buying on monthly basis. +When I compare closing prices of VWCE today in T212 there is 91,30 EUR and in IBKR there is 91,01 EUR which is quite substantial difference. Should not price be equal since liquidity is high enough? +With real estate prices at the top of history, I have been considering what to do with my money. I am planning to come back to my home country in Eastern Europe from UK in 2-3 years. The idea is to get a job there with experience acquired in the UK and then buy myself a flat (mortgaged most likely). + +The reason for this is because mortgage would be cheaper than rent and also because I do not want to not keep investing in other areas. + +The country requires a person to put 15% deposit and targets 20-25 years mortgage repayments. Is there any reason out there to just purchase a flat outright (or put as much money as possible into the purchase)? I did some math and it seems like my money would be better off invested than dumping a large amount or % into a flat. + +Any ideas are welcome. +I was once in the same position you find yourself in. Now is the time to show off those diamond hands. One day, this dip will look like a mere blip when we’re reaching the ATHs we dreamed of. Don’t worry, this rocket has a long way to go - we just need to rest and refuel for a bit. Plenty of whales would like to shake you out and buy your bags at a discount, so don’t let weak hands get the best of you. Drink some water, get some rest, and welcome to the fuckin’ show. This is the roller coaster known as cryptocurrency. +I'm lucky enough to live in an Asian country where COVID hasn't been that bad, and I'm itching to travel again. Normally I plan high-end vacations about six months in advance, and I read that bookings for 2021 are already becoming competitive. I'd love to book some African safaris or an Antarctic cruise, however I foresee the hassle of trying to get a refund / postponement if travel is still messed up beyond the summer, or the possibility that my travel agent goes belly-up between now and then as business has been really bad this year. What are others doing? Are people securing bookings now or just sitting tight? + +Also, are there forums for high-end travel besides r/FATTravel (which is great, but doesn't have many members). Flyertalk has a luxury hotels subsection too. I'm wondering if there are other popular alternatives. +I've noticed a couple of posts from people on here who appear to have been put onto furlough, but threatened with redundancy should they not continue working. + +&#x200B; + +Well yesterday the Guardian published a piece on precisely this topic - just know that you most certainly are not alone: [https://www.theguardian.com/politics/2020/may/13/nearly-800-reports-of-people-defrauding-uk-furlough-scheme](https://www.theguardian.com/politics/2020/may/13/nearly-800-reports-of-people-defrauding-uk-furlough-scheme) + +&#x200B; + +It should be made abundandly clear to you by your employer that if you are furloughed, you are not to do ANYTHING related to work. This is a hugely important point, as if they have furloughed you AND you're still working, your company is committing fraud and could very well be cooking the books by declaring to HMRC they're paying you more than what you actually earn - so they can get more financial help from the government. + +&#x200B; + +If you find yourself in this position be brave, you should contact HMRC by simply completing this form (it takes about 5-10 minutes to complete): [https://www.tax.service.gov.uk/shortforms/form/TEH\_IRF](https://www.tax.service.gov.uk/shortforms/form/TEH_IRF) + +&#x200B; + +DO NOT LET YOUR EMPLOYERS TAKE ADVANTAGE OF THIS SITUATION! + +The country is going to be paying this off for decades to come. + +EDIT: I'm amazed by the level of responses in this thread. Just to add, if you are concerned that your furlough agreement was that you would not be doing any work, but are now in breach of that, gather as much evidence as possible in writing, and join a union. That way should shit really hit the fan, you have an organisation that will help you massively, and represent you should you need legal advice or assistance in getting counsel. +I used to think paying off a house and aiming to retire early was a good way to win “the game of life” but now I’m starting to think there is more to experience… +Me, I just cry and go to bed the whole day; + +Sometimes I just throw rage fits at my room wall; + +Other times, + +I uninstall my metatrader.. Please, don't mind my unkind words, am just trying to earn some money to live a comfortable life without being bossed around by someone else :) +I mean I heard it a lot on this sub. How boring it gets. But I did not believe it. But then it happened to me. + +I have been profitable for awhile now (Im no where near rich by any means, but slowly compounding my gains) and I noticed that compared to when I first started as a novice, I have changed a lot. At first I was super involved, analyzing charts for hours a day, jumping from thing to thing placing what seemed like 20 to 40 trades a day. Now, I place one trade per week just checking in for 5 minutes a day total. + +Its not what I expected it to be like at all. It's weird to say the least. Like the feeling you get when you climb a mountain, Once you do it, you are super happy, the view is great, but what I did not expect was this empty feeling. The journey was worth it but, what I realized and what happened to me personally is now I have this new urge to find a "new mountain" to climb. + +I don't know I'm just ranting here at the one place I feel like anyone would understand. + +Any other profitable traders out there who can relate? + +EDIT: People keep asking me for the damn system I am using. FINE. Here is a link to a video to get you all started... RIP Inbox. [https://www.youtube.com/watch?v=dQw4w9WgXcQ](https://www.youtube.com/watch?v=dQw4w9WgXcQ) +I know....me, lose money trading?? Seems hard to believe. + +Sigh, but there was a time when I was a fresh-eyed noob and thought I knew everything. Those were fun days. + +Back then there were lots of ways I would screw up, but one stands out in particular. Perhaps some of you can relate? + +The morning would start and I would be there for it - Adderall, check. Coffee, check. Mango Juul, check. + +The moment the open bell rings I would see my list of morning gappers take off. Stock was at $3, now it’s $4, and looks to be heading to $5. It’s climbing my Active Trader ladder fast. + +But wait, it’s not the only one! Several stocks are “gapping and going”! + +FOMO sets in. Like a crashing wave. I’m convinced that everyone else is making a killing on these stocks. Everyone but me, that is. + +So I quickly put in orders. 2,000 shares of one stock, 4,000 shares of another. And I go green for a second and then they start dropping. No stop for me, these stocks are movers, not going to get stopped out of a winner! I would always think back to that one time I got stopped out of a stock right before it shot up. + +But now they’re back down to opening price. I’m in the hole by $1 a share on one and $1.50 a share on the other. It’s too late to sell now. I just have to wait. And wait. And wait. As the day wears on I realize I’ve been staring at these ladders for hours. Volume has dried up and the stock isn’t moving. + +Do I just hold them? Maybe the magic returns. It doesn’t. It never does. + +Ok so no more gap and go for me! Problem solved, right? Nope. + +During the day other stocks are jumping, some of these are reputable companies too! + +Same process - Same result. + +The problem was FOMO. The single biggest killer of day trading accounts. + +When you have FOMO you don’t stop to check the charts, you don’t look at the technicals, you just jump in. You never think it will retrace, you think - if I don’t get in now I’ll miss it! + +So here’s the solution - take a breath. Don’t take a trade until you looked at the chart and identified levels of support. Don’t buy the stock until you looked to see the catalyst - is it news? sector sympathy? market related? earnings reaction? Don’t make the trade without doing DD on the charts. (see my other posts on the type of DD you should be doing) + +Will you miss a few doing this? Sure. But you’ll save yourself from many more. + +Anyway, thought I would share what was my biggest issue starting out. If you can’t relate, that’s great, it means you’re not making the same mistake many of us make/made. If you can then just know that this is a common issue, with an easy solution. +I know....me, lose money trading?? Seems hard to believe. + +Sigh, but there was a time when I was a fresh-eyed noob and thought I knew everything. Those were fun days. + +Back then there were lots of ways I would screw up, but one stands out in particular. Perhaps some of you can relate? + +The morning would start and I would be there for it - Adderall, check. Coffee, check. Mango Juul, check. + +The moment the open bell rings I would see my list of morning gappers take off. Stock was at $3, now it’s $4, and looks to be heading to $5. It’s climbing my Active Trader ladder fast. + +But wait, it’s not the only one! Several stocks are “gapping and going”! + +FOMO sets in. Like a crashing wave. I’m convinced that everyone else is making a killing on these stocks. Everyone but me, that is. + +So I quickly put in orders. 2,000 shares of one stock, 4,000 shares of another. And I go green for a second and then they start dropping. No stop for me, these stocks are movers, not going to get stopped out of a winner! I would always think back to that one time I got stopped out of a stock right before it shot up. + +But now they’re back down to opening price. I’m in the hole by $1 a share on one and $1.50 a share on the other. It’s too late to sell now. I just have to wait. And wait. And wait. As the day wears on I realize I’ve been staring at these ladders for hours. Volume has dried up and the stock isn’t moving. + +Do I just hold them? Maybe the magic returns. It doesn’t. It never does. + +Ok so no more gap and go for me! Problem solved, right? Nope. + +During the day other stocks are jumping, some of these are reputable companies too! + +Same process - Same result. + +The problem was FOMO. The single biggest killer of day trading accounts. + +When you have FOMO you don’t stop to check the charts, you don’t look at the technicals, you just jump in. You never think it will retrace, you think - if I don’t get in now I’ll miss it! + +So here’s the solution - take a breath. Don’t take a trade until you looked at the chart and identified levels of support. Don’t buy the stock until you looked to see the catalyst - is it news? sector sympathy? market related? earnings reaction? Don’t make the trade without doing DD on the charts. (see my other posts on the type of DD you should be doing) + +Will you miss a few doing this? Sure. But you’ll save yourself from many more. + +Anyway, thought I would share what was my biggest issue starting out. If you can’t relate, that’s great, it means you’re not making the same mistake many of us make/made. If you can then just know that this is a common issue, with an easy solution. + Isn't it money when it comes to economics? Money? Why is the production index gdp used as the biggest measure of the economy even though there is a property index called net worth? +It seems like Political Correctness is seeping into economics. Retail workers don’t want to be called unskilled. + +There is skill in every job, but is there a better delineation? +Article in question: https://github.com/MKorostoff/1-pixel-wealth/blob/master/THE_PAPER_BILLIONAIRE.md + +Many people talk about how the super rich shouldn't exist and that we need some type of wealth redistribution activity. I've recently read an argument, which at a glance is sound, but doesn’t really hold up upon further inspection. + +The author talks about how we could solve a portion of the wealth inequality problem by slowly liquidating the stock holdings of the super rich. In theory we could use these funds to solve the glaring economical issues plaguing humanity. + +I have issues with the argument when I start thinking about the implications of following through with the theory. Seizing the assets of the super rich and selling it does not create new wealth, it transfers ownership of an asset for liquidity, where one party gains an asset in exchange for their liquidity. If we're not talking about inspiring philanthropy, but instead we want to fund any proposed inequality-solving programs through governmental seizure of assets to exchange said assets for liquidity, then we’re just transferring ownership of assets. The government doesn’t have a good track record of efficiently using money towards any goals they have set out for themselves. This could end up with the situation we see in many communist countries, were economic growth is stifled and everyone ends up worse off than if the status quo had been maintained, with the exception of a small number of people who end up profiteering on chaos. + +If we're instead thinking of solving economic issues through philanthropy rather than governmental seizure, then we’re asking the wealthy to dilute their assets, or in this case their stock portfolio so they can fund social programs. In this scenario we are still not creating new wealth, we are still transferring ownership of assets for liquidity. There's no reason why the aforementioned party, that is willing to trade in their liquidity, to use the same funds to solve issues of inequality. The liquidity doesn’t need to flow upwards to the wealthy to then be transferred back down to the common people. + +In either scenario, we’re hoping that the transfer of liquidity gets redistributed more evenly among a global or national population. The next issue is that even if there is more money in everyone’s bank accounts, there are not more assets or resources magically available for purchase because of it. With a finite number of resources or assets available for purchase, the demand for them would increase proportionally with those who have the liquidity available (and desire) to acquire it, which would in turn proportionally increase the price required for the exchange to take place. Inflation would cancel out any numerical increase in the liquidity available to the population and leave the population with the same purchasing power as before. + +I ask you as a reader, what are your counter or supporting points to OP and/or my counter argument? If any, what are the flaws in my reasoning? +Earlier I was reading up on the history of Advanced Micro Devices when I see a footnote about the acquisition of ATI technologies. Immediately I started to wonder: where did this money go? My question is, broadly speaking, where does money typically end up when a huge buyout like this happens? +PALO ALTO, Calif., April 2, 2021 – In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production. + +> https://ir.tesla.com/press-release/tesla-q1-2021-vehicle-production-deliveries +Here's the backstory: + +I'm 22m. Dropped out of college. Currently have no job. Currently renting a space with my friends mom while I sit on youtube and reddit all day trying to figure out ways to make my life worth living. Currently struggle with self-confidence issues, hopelessness, depression in general. I hate my image. + +Lately i've been staying in my room due to many problems compounding in my life. I have no desire to go get a job, improve my life, any of that. + +The only thing good about my life is I have 40k in crypto. + +Here's one thing that's been bothering me my whole life though and it gets worse with time. + +I've never been in an intimate relationship before. + +I've never had a girlfriend. I've never had sex. + +And as a 22 year old male, it bothers me because I don't really feel loved even though I know I am. + +I know my friends love me. I know my family unconditionally loves me. But I still feel alone. + +My friends have lives. They have jobs. They have their own relationships. They have their priorities. + +Idk I just want to be with someone I guess. + +But the thing is I have no idea where to start. I've never done this before ever in my life. + +I've been through high school. I've done a year of college. + +I've never flirted with any girls, no girls have ever showed interest in me, and over time, it really hurts my self confidence to where I don't even take care of my hygiene as much as I should. + +I shower every other day, wear the same clothes because I know I'm not going anywhere, I really don't do much and I know that's another thing that pushes the problem further. + +A couple of days ago my friends tried helping me by going to a bar and even then I barely said a word. I guess I'm just shy and get overwhelmed by the crowds of people and loud music. + +I actually felt miserable when you are supposed to be there to have fun. It's like the whole time I was just waiting to go back home. :( + +So I know I'm not going to be meeting any potential partners at any clubs or bars. I knew this about myself from the start but my friends though it might help out my situation but I guess im not an extrovert. + +I don't know where I'm going to be meeting anyone new my age anytime soon. I'm starting to realize that it's hopeless and I just need to accept it. + +But I just want to try to have sex. I've never done it and it's something I've always wanted to do. + +So I was considering using my ethereum profits to hire a prostitute. + +I was wondering if prostitutes will give me a tutorial of some sort? Do they offer services like that to virgins like myself? + +Has anyone ever done anything similar to this or know someone that has? + +I just want to lose my virginity so I don't have to die a virgin. +Firstly, I appreciate I probably sound like a twat for having a ‘problem’ like this so I’m ready and willing to accept any “poor me” type comments. + +I recently started a new job meaning my salary is enough to get a mortgage. I worked through uni and invested as much as I could save and was lucky enough to realise some should be put into crypto early on so now have enough for a deposit. With the mortgage and deposit I can afford a reasonably nice 1 bed flat. However I don’t think I want to live alone just yet especially as I moved to a new area for the new job so would ideally want to get a 2 bed flat and have a lodger. + +My parents have offered to help me out with some money, either as a loan or they would own part of the property. This would allow me to get a 2 bed flat. A part of me obviously wants to accept their help, but a part of me wants to be able to say that I have bought my first property by myself. I also feel like some people judge others for having help from “mummy and daddy’s bank account” when buying their first property. In which case I would either need to save for potentially another couple of years (maybe more) for a 2 bed. + +Am I stupid to be thinking about turning down help when it would benefit me a lot in the future? Especially as I have probably had other less obvious advantages that mean I still wouldn’t have really made it on my own anyway? +**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/) +**EDIT: I'm aware that this is a much discussed topic. I believe Morningstar's commentary tackles the broader question of not just getting out of China but also dissects the investment sensibility of being involved at all in autocratically-controlled markets. Thanks to** u/J0eBidensSunglasses **for pointing me to this article.** + +From [Morningstar.com](https://www.morningstar.com/articles/1083334/autocracy-is-a-bad-investment): + +>Sure, investors might make money for a while, but in the end, all that matters are the rules set by the person running the country. And often that means they are setting the rules to maintain power, enrich themselves and their cronies, or both. +> +>It was one thing to miss the risks of investing in Russia. It's a country where most diversified investors have only a [small percentage](https://www.morningstar.com/articles/1082249) of their portfolio. It's a different story for a country like China. Many mutual funds and stocks have hefty direct or indirect exposure to the country, and observers who had warned about Russia are encouraging investors to ask similar questions about China. + +Further, famed fund manager Bill Browder opines: + +>Rule of law should be a primary consideration for investors, says Bill Browder, the famed hedge fund manager who made his fortune in Russia, only to be deported after run-ins with oligarchs and whose Russian lawyer was arrested in Moscow, mistreated by authorities, and died in a prison. +> +>"You can do all the analysis you want on an industry, on the economics, on the management team, and then all of a sudden somebody comes along and rips you off, and you don't have any recourse in the courts, you don't have recourse in the media … and generally if they're not rule-of-law countries, you have no recourse with the regulators," he says. "It's flying by the seat of your pants, hoping you're in the good graces of whoever is in charge." + +Having come from that side of the world, I've always been wary of markets like China and Russia for exactly the reasons that Morningstar lays out. When asked, my answer is always the same: Do you understand the accounting rules of that country? Do you understand the business dynamics and customs of that country—i.e. if lying and bribery are commonplace, what does that mean for your fundamental analysis? Still, as Browder points out, you can be an expert on these things and still get whacked by one man who makes decisions not on the basis of what is economically sound, but whatever strokes his own ego. +We have already received multiple warnings from reddit admins about comments from our community in regards to the AMA crosspost. It is absolutely imperative that apes completely ignore the existence of the other sub right now. + +https://preview.redd.it/4u0gon5tavl81.jpg?width=1200&format=pjpg&auto=webp&s=77bb686b0e0399fdc195229ab3bebdefbb8c1694 + +Were you already subscribed to the other sub before Superstonk? Cool, I am asking you a personal favor to just not comment there right now especially on the AMA. That's a lame request I know and I have no right to ask it of you but I'm doing it anyway. At the very least don't trash talk the other sub in ours and don't go to the other sub trying to promote ours. + +Do you think its silly that I am asking you to not even mention the other sub? Yep it is but please don't use creative spelling to make your point anyway. + +Is it fair that we are under such scrutiny? IDK is it fair that market makers have a naked short sale exemption? + +Bottom line if you feel like Superstonk is the best place to hold this AMA, SHOW IT by asking great questions. Make Jon laugh, make him cry, make him ANGRY. But absolutely, do NOT participate in or feed the drama. The juice ain't worth the squeeze my dudes. + +In order to keep this sub running we will need to be very heavy handed enforcing this. Please don't make me do it. + +https://preview.redd.it/w758nfftbvl81.jpg?width=1200&format=pjpg&auto=webp&s=f4ae786f34a04a605930ab458a51089e5facddd3 + +Edit: + +&#x200B; + +Thanks for all the support. The best thing you can do tomorrow other than upvote wrinkles is to REPORT trouble makers. I know there is not much instant gratification but it's the fastest way to bring comments to our attention. +We have seen Austin and Nashville and Denver, and now Dallas and Phoenix is growing significantly as well. Which cities do you predict will be next in the next 5-10 years? I like San Antonio, and maybe Tulsa? +Wanted to get some insight if anyone has bought investment property before buying their own house? I currently rent right now but, very soon next year I will be comfortable in pulling the trigger to buy my own house. Should I do this and establish myself first before investments? +I made a dumb decision and bought a Honda Accord in 2018 with no money down. I had just landed a new job out of college and made a quick irrational decision. My APR on the vehicle is 5% and I have been paying $640/mo for 3 years and I currently paid the vehicle down to $17K left on the loan. + +Should I pay this for two more years? Or should I sell my vehicle? + +I do not want an old used car because newer cars are just less of a headache. Especially the Honda. I just don’t think $640 a month for 2 years is a smart decision anymore. + +Carvana is willing to give me $20K for my car right now which is 3K more than I owe + + +Thoughts on my best next step? +Moderately experienced planner here, been managing my families funds for several years. + +I have our emergency fund in HYSA which earns ~2% now. I’m wondering if people use I-bonds for their emergency fund. The obvious problem is the 1 year limit for accessibility with I-bonds. So you would have to put money in this and subsequently removing from HYSA once it is freely available. So my HYSA is 25k, I would pit 10k into I-bonds this year, and in a year remove 10k from HYSA and put it into brokerage, and continuing this until all 25k are in I-Bonds. But thinking 2-3 years out, this seems like a perfect account for holding emergency funds. + +Does anyone else utilize this strategy? +Hello all, + +I am attempting to raise kids who are financially aware but generous, thoughtful of others but still good to themselves. + +I have a pre-teen with ADHD who is a gift giver. It's her love language. She is very thoughtful and caring in general. She gets a few dollars a week from us to do with as she wishes. She almost always chooses to spend most of it, and her birthday and holiday money, on gifts for her new classmates, neighbor friends, and cousins. She especially splurges on gifts for them when she realizes her money has been piling up. I know I shouldn't get involved and should let her do with it as she wishes, but it bothers me that she gives and gives and doesn't consider what she herself might want for herself (now or in the future). She insists that she doesn't want anything but doesn't consider that she could purchase larger items she wouldn't otherwise be able to afford if she just held onto the money. She insists that she'd rather purchase gifts. + +I fully understand that if this is what she wants, this is what she should be able to do. + +At the same time, I'd like to know, what have you tried with your kids that helped them develop meaningful realizations and evolve in their use of their money, without taking away from their developing independence? What suggestions do you have for helping my kid make informed money choices (whatever they may be), instead of only emotional or impulsive ones? +I know a ton of students who are loaded down with debt from student loans and are going to have a hard time paying it off (like 100k+ debts) because of bad academic planning or bad grades. Is this kind of what happened in 2008 where people got loans for houses they couldn't afford and caused a crash? +Curious to see what other investors think at this point in time. With the current economic downturn, as well as other socioeconomic factors, are you looking to continue DCA'ing, pulling out completely, or just sitting cash-heavy hoping to catch the bottom? +Curious to see what other investors think at this point in time. With the current economic downturn, as well as other socioeconomic factors, are you looking to continue DCA'ing, pulling out completely, or just sitting cash-heavy hoping to catch the bottom? +I want to leave my existing career (finance) for something new. I’m leaning towards software development. I know basic html/css/javascript and have made a few sites and really just enjoy the process. Financially I’m doing well. My partner and I own our house (800k) and have a joint investment portfolio of 750k. Have a redraw loan of $500k I’ve just set to I/O (investment). I also have $60k cash for emergencies. + +My concern is I’m 30 and to get a proper qualification would take 3 years. What are your thoughts on my situation? Developers am I too old? +🦅 $RavenX Token!!! + +A automatic hard coded charity donation (5%) to the Binance Charity !!! + +I am not part of the team, however, I think I have just found a GEM. 💎 + +Right now it is just about to blow up, everyone's holding the coin hard and they have a big vision in this project!! 🙏🏼 + +I've been in the telegram group almost from the beginning and the community is helping each other out a lot and the team is just amazing they're working god damn hard to make this happen and theyre very trustworthy, always open and helpfull to the community. ❤️ + +Website: ravenx.finance + +Bscscan: 0x8891de345808e77228677f0efb56125db1e93a49 + +Telegram: t.me/RavenXfin + +Poocoin chart: 0x8891de345808e77228677f0efb56125db1e93a49 + +Pancakeswap V1-V2: ? + +Fair launched, audited, community owned. Contract is safe and secure. ✅ + +There's a 5% fee per transaction: 5% sent to the Binance Charity donation wallet (link the proof) , 2% distributed to holders and a 2% burn. ✅ + +DYOR, this is not investment advice. But I got in some projects that mooned well but this one I really think this is one of those rare rare rare gems, and has BIG POTENTIAL!!! ‼️✅ + +They've already donated 750k in donation to the Binance Charity and there's premium Whitebit and Reddit marketing has been paid by the team right now at the moment im writing this post... ‼️✅ + +As an investor, you should always be aware of where your money goes. Go take a look here you could realize that your investment IS changing lifes and helping the environment!!!! BULLISH 🙉 +www.binance.charity Read carefully :) + +ps. hodl and thank me later 💪🏼 +# Intro + +A frequent question on this sub is whether bonds have any place in an accumulator's portfolio. Setting aside the currently *en vogue* idea of a bond tent (which is a weak asset allocation move of dubious value), many investors here take the view that can be crudely summarized as "stocks have a higher expected return with higher volatility, the volatility is reduced by a long time horizon, I can stomach the volatility, therefore I should be 100% stocks." Another poster has tackled [the specific fallacy](https://www.reddit.com/r/financialindependence/comments/irzfer/the_fallacy_of_time_diversification_or_the_other/) of volatility being reduced over the long term, but I thought I'd give some attention to bonds to highlight ways they may still have utility for the accumulator. + +*** + +# A Brief Note on Total Return + +If you Google "BND" to find the return of the Vanguard Total Bond Market ETF since inception, you'll see that the price has gone up a whopping 15% since inception in Spring 2007. Not 15% per year, but 15% overall. Google and Yahoo Finance, however, only report the market *price* of assets you search. Bonds and bond funds return the vast majority of their value as coupon payments. It's a simplification, but think of coupon payments as bond dividends. Google and Yahoo Finance do not include re-invested dividends, and should not be used for historical analysis of total return. If we look at [Portfolio Visualizer's](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=BND&allocation1_1=100) result for BND since inception, we see the more accurate 68% total return for that period. + +All values used for the rest of this post will be total returns in real, inflation-adjusted terms. + +*** + +# The Luxury of a High Savings Rate + +One simple reason putting bonds in your portfolio may be desirable is that it likely won't set your retirement back by a substantial amount, and in exchange you get a decent amount of safety with a reduction in portfolio volatility. [Portfolio Visualizer](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=1975&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%2F0+Portfolio&portfolioName2=80%2F20+Portfolio&portfolioName3=60%2F40+Portfolio&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=80&allocation1_3=60&asset2=TreasuryNotes&allocation2_2=20&allocation2_3=40) shows us that the annualized growth rate of 100/0, 80/20, and 60/40 US Stock/10-yr Treasurys portfolios have been 8.59%, 7.88%, and 7%, respectively. Giving up 0.7% (or worse, 1.6%) seems like throwing money away. + +But what does the FIRE saver lose (and what do they stand to gain) by choosing a more conservative portfolio? By using the [NPER family](https://www.reddit.com/r/financialindependence/comments/pm6q8n/when_coastfi_is_rational_an_introduction_to_qalys/) of formulas, we can estimate this. + +Assume a FIRE-minded saver who knows that the value of money is in the quality of life that it provides and not as a score in a game that should be run as high as possible. As a result, they are interested in reaching a portfolio large enough to afford a comfortable retirement, and place more emphasis on hitting this number than on dying with the most money. They earn 80k/yr, save 40k/yr for a 50% savings rate, and are targeting a 3.33% withdrawal (or 30x the portfolio) and thus need 1.2M to retire. + +* With the historical return of the 100/0 portfolio, they get there in 15.5 years. + +* With the historical return of the 80/20 portfolio, they get there in 16 years, or **6 months later**. + +* With the historical return of the 60/40 portfolio, they get there in 16.7 years, or **15 months later**. + +What do they get for that extra 0.5-1.25 years of work? In the fallout from the market crash of 2008: + +* The 100/0 portfolio lost 37% in a single year and experienced a cumulative drop of 51% from Nov '07 to Feb '09. It didn't recover in value until Mar '12, **over 3 years later**. + +* The 80/20 portfolio lost 26% in a single year and a cumulative 39% and took **a little under 2 years to recover**. + +* The 60/40 portfolio lost 14% in a single year and a cumulative 26% and took **just over 1 year to recover**. + +Considered another way, the 80/20 investor needs to save a relative 6% more (42k/yr) to retire at the same time as the 100/0 investor (53% savings rate) and the 60/40 investor needs to save a relative 14% more (45.5k/yr) to retire at the same time as the 100/0 investor (57% savings rate). (Assuming everyone still wants a 1.2M portfolio that allows for spending 40k/yr.) + +In his incomparable post on the [Psychology of Money](https://www.collaborativefund.com/blog/the-psychology-of-money/), Morgan Housel highlights Charlie Munger's first rule of compounding: "never interrupt it unnecessarily." If there's a whiff of chance that an investor can be spooked out of the market by a 50% drop in their portfolio that doesn't recover for over 3 years, they'd likely be much better off saving 6% more or working an additional 6 months with a 80/20 portfolio than suffer the catastrophe that is quitting the market entirely. We all think we are made of sterner stuff than the "average" investor, but most people also think they're smarter than the average person too. + +*** + +# But Bonds are Useless Now, Aren't They? + +A concern that has been recirculating, *but is by no means new*, is that this time it's different and bonds have zero upside potential going forward. Phrased another way, "interest rates can only go up," which *oBvIoUsLy* crushes their value. + +First, it's worth noting that besides any return characteristics, bonds have a place in risk-adjusting your portfolio. This role does not disappear even if bond return goes to 0% or even goes negative. Considered another way, stocks have a risk premium which is extra return in payment for the extra risk you take for holding them. There is no reason to believe that the risk premium for stocks has gone up for some reason, so if the risk-free rate (let's call it the rate on short term Treasurys) goes down from 2% to 0%, the expected return for stocks will go down by the same amount. There is no free lunch; everyone is getting smaller portions. + +Second, I can't hold a candle to nisiprius at the Bogleheads forum when it comes to illuminating the fallacies of "common sense" investing ideas like interest rate rises and bond pricing behavior. See his series of posts [here](https://www.bogleheads.org/forum/viewtopic.php?p=6058140#p6058140) and [here](https://www.bogleheads.org/forum/viewtopic.php?p=6065083#p6065083), demonstrating that the total value of a bond fund will eventually recover and provide a positive return even in a case where interest rates *never stop rising*. + +He follows this up with [a series of points](https://www.bogleheads.org/forum/viewtopic.php?p=6065103#p6065103) that are the best summary of bond dynamics that I've ever come across: + +> * Rising interest rates exert a downward pressure on bond prices. The pressure is related to the *rate* of rise. If interest rates keep rising at, say, 1% per year, the pressure doesn't keep increasing, it is a constant pressure. +> * Bond prices respond to that pressure by moving downward. +> * Because a bond pays back its face value at maturity, its market value must rise to face value at maturity. A bond whose value is down must rise. You can think of this as an *upward* pull, often called the "pull to maturity." +> * The more depressed a bond price is, the more it has to rise in order to get back to face value. +> * That means that the more depressed the bond price is, the stronger the upward tug. +> * There is a balance of forces. Rising rates push down. The always-approaching maturity pulls up. +> * A forever-rising interest rate does **not** create a forever-falling declining bond price. +> * As the bond price declines, the pull to maturity becomes stronger and stronger, until an equilibrium is reached. +> * In other words, if the first 1% interest rate rise creates a -6.2% fall in the bond price, that does not mean the second, third, fourth etc. create further -6.2% falls. +> * The relationship, price fall = interest rate rise x duration is only true for a single instantaneous rise. It is **not cumulative** for long-term continouusly-rising interest rate, or a series of rises. +> * The bond *price* stabilizes, but coupon payments continue. + +Finally, if you're intrigued by the mechanics of bonds (which on the whole are *much* more complicated instruments than stocks) and want to potentially get extra returns even in an ultra-low-rate environment, see this excellent tutorial on bond convexity over at [Portfolio Charts](https://portfoliocharts.com/2019/05/27/high-profits-at-low-rates-the-benefits-of-bond-convexity/). + +*** + +# Conclusions + +Owning bonds can reduce portfolio volatility and provide an overall higher risk-adjusted return than 100% equity. Holding bonds may reduce expected return, but with a high savings rate there is minimal impact on additional working years. Bond funds are not facing a permanent zero-return outlook even if you believe interest rates have "nowhere to go but up," and the subtle mechanics of bond convexity offer substantial asymmetrical upside if long duration bonds are appropriate for your investment horizon. +Looking through a lot of the groups on here a lot of the people are just straight up trolling/being children (maybe they are). I feel the environment on a lot of posts is toxic as hell that when you comment your just targeted straight away. + +I know ill get replies like this is the internet, but my point is to thank the people who keep this sub reddit decent and make people want to come back. + +I know cryto is a young persons game but please at least a bit mature. +*TLDR: reached FI through combination of hard work and luck. FI ain’t everything. Warning: lots of humblebragging ahead!* + +I’ve been running after financial security since I was a wee lad. I figured I had no inheritance (not a wealthy but a hardworking family). I grew up in India, and nepotism was a reliable strategy there to get to a better station in life – and I didn’t have those connections either. I wasn’t poor and certainly didn’t feel poor, but might be considered such by western standards (family income was less than $500/month – which is actually not that bad in 80s India!). Anyway, I thought my only ticket to a comfortable life was to work harder than others around me. + +The wheels to FI were set in motion when I became a teenager. I got serious about studies and went from near-last in class to first in one year. I remember studying by candlelight (my town had chronic electricity issues), and picking my skin to point of blood in order to stay awake. I would mark the pages I knew by heart by little smudges of my blood (I know, gross, but I gotta paint a picture here!). There is no-one besides my wife that knows this crazy stuff. Didn’t let up on the gas and ultimately got a full scholarship to a US college. I owe a lot to US colleges investing in foreign students. + +About 5 years ago I sat down and thought seriously about FI. Didn't know about this community or the fire movement then, but I've dreamt of "financial independence" at least since I entered the workforce in my very early 20s. I just hated depending on ‘the man’. Based on no math whatsoever, I figured my goal was to get to $4M by age 40, and then I'd feel financially secure. I think there is a tendency to overshoot when SWR math is not known, and I was certainly guilty of it. Plus the symmetry between 4-M and 4-0 seemed pleasing, so it must be the right number! + +I hit the financial goal I had for age 40 years ahead of schedule! This deserves some explanation. I didn’t get here by IPO, crypto, tech route. If you think I’m envious of those – I am. If I could get here by less suffering, I would have. + +After college I worked in management consulting (think MBB). I lived extremely frugally and saved money. However, I did save it wrong (traditional savings account earning 0.0x%…ouch!). Growing up I was told stock markets were ‘gambling’…my dad lost money in the Indian exchanges. It took me until my early 30s to deprogram that shit and start investing. I carried the blood-letting studying ethic into my working years. Spent (misspent?) my 20s on work. Like Forest Gump, I gumped my way to long hours year after year trying to get to the top of my field. I never stopped running. I was so afraid of failing. A lonely and scared immigrant pretending to live a normal life. Working 18 hours days...and going back in the wee hours of the night to my 300 sq.ft apartment. I did this for years. A decade in fact. + +However, I didn’t get to my goal just by saving my salary (which is great, but not *that* great). I got there by creating a solution for old industries to modernize by leveraging advanced analytics – winning huge contracts and getting rapidly promoted to profit-sharing role. What they say is true, in many scenarios not including hi-tech/medicine – W2 comp alone is not going to get you to the very high numbers. + +Speaking of numbers. I discussed with my SO and we figured that we need around $130k pre-tax to account for our foreseeable annual expenses. What precipitated this post is that I realized that I am expecting my dividend & investment income (100% passive) to be a little above $130k in 2020! + +Here is how that is generated: + +1. House: $700k (no income) +2. Equities: $5.5M (about $110k passive income). Mostly in index funds, I dabbled in individual stocks and I'm now selling them selectively (e.g. when total return is negative) and shoveling into index. Bogle is investing gospel. +3. Bonds+money market+cash: $1.3M (about $25k passive income) + +Now, for the final part. Having gotten to "FI", I realize that it's not everything. Don't get me wrong, it is **awesome** to not stress about money. It is **incredible** to have FU money and so I don't stress about work either. It's just that goals change. There are some things I want to work on now. These are health, cultivating new friendships, and if I'm being brutally honest - rediscovering who the fuck I am after years of chasing financial security. What am I interested in? How do I want to live my life? How do I want to contribute (without running a concurrent analysis of the $ I'm getting in return)? + +No regrets though. My journey made me who I am. I am looking forward to who I become and incredibly grateful to have the FI tailwind in my sail. I was lucky, I worked hard, I fucked up but then got up. + +**Edit#1:** More (useless?) practical details: I use Schwab as my main brokerage. Love their customer service and low cost. I was using Robinhood too, but for various reasons just ported that account over to Schwab (can explain my decision if you ask). I'm trying to make sure all my index funds have gross expense ratios much smaller than 0.1% (my biggest holding is SCHB with 0.03%). In terms of money market funds, vanguard has some really good ones such as VUSXX (no state taxes, good for states with high taxes and for high-income years) and VMMXX. They pay similar to Ally, which is my HYSA. I keep FDIC-covered about $250-300k in Ally, rest cash in these money market funds. +Pretty self-explanatory, but do you have a dollar-target for your portfolio at the end of the year or do you just ride it and do your best to maximize your earnings? +Hey, so in my search I've narrowed down to these 3 ETFs based on my risk profile and age. + +Are there any benefits or crucial reasons why one may go with one ETF over the other? Or is it really just an apples vs. oranges argument? Talking about VGRO and XGRO, in particular. To clarify, it would be redundant to own both, right? + +Also is there any benefit to going with TD Index ETFs over Vanguard and iShares? +Not advocating or shilling for any brokerage but just some insight. + +This may be an unpopular opinion but I strongly believe $5.99-$10.99 per order isn't even that important. + +What really matters is how minimal the downtime/issues are for the brokerage and how they handle their support tickets and client calls. + + +I have tried WS Trade, CIBC, BMO, TD, IBKR and Questrade. + +Tidy interfaces and additional product offerings (data, l2, terminal, etc) might seem alluring at first, but honestly having minimal downtime and issues should be the #1 priority you should look for when looking for a brokerage. + + +I have personally paid up to a few grand in fees (trades, options, margin) and yes it may seem like a significant amount, but the amount I was buying and selling completely dwarfs it and I reflect how I was able to trade seamlessly without issue. It was well worth the money and this is why I will continue to use my broker and regardless of trade fees. Sure a few thousand in my pocket would be nice, but ultimately I attribute a large portion of my profits to being able to trade smoothly without order issues, or not being able to log-in or whatever. + + +I fully recognize that there are many different types of investors and traders and I'm sure everyone will use what is best for them in the end. Until then, just consider my unpopular opinion and don't be so wary of trade fees. +Hello everyone! + +I am new to investing in Canada, so I’d like to clarify a few things about tax reporting. +Let’s say I buy US listed ETF with Questrade on a taxable account. I buy them continuously for several years and then decide to sell some portion of it for a profit. Then when the tax season comes I have to report capital gain to CRA. + +My main question is how the reporting of capital gain will look like? Should I do some extra book keeping throughout all the years that I invest to make things easier in the future? + +I assume broker should provide some reports, and since I have never received one yet, I have no idea what will it look like. Will this report include the exact number of the capital gain in CAD (unlikely) or only USD? Or I only get a list of transactions and will have to calculate everything myself? + +I know that there are registered accounts but since I am new I basically don’t have any contribution room. + +UPD: Thanks everyone for the comments, very informative! I didn't know there is so much stuff associated with trading foreign stocks/ETFs on a taxable account. I'll probably mostly stick to Canadian listed ETFs where possible. At least for now. +Guten Morgen to this global band of Apes! 👋🦍 + +With recent news of several hedge funds closing, I'm beginning to wonder if the dominoes are already irrecoverably falling, each being another step closer to the MOASS. It's clear that these funds weren't simply investing in the growth of good companies, since the markets are near an all-time-high. They were actively attacking companies, and appear to have failed. + +Apes, I do not know when or how the MOASS will begin, but the desperate price attacks, FUD campaigns, and several established hedge funds closing are all among things I'd expect to see just before it. If this is truly the start, congratulations on what we achieved together. Diamantenhände and DRS led us to this moment, and I'm proud of what we have achieved together. + +Today is Thursday, December 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: **$152.09 / 135,05 €** *(volume: 2973)* +- 🟥 115 minutes in: $152.36 / 135,29 € *(volume: 2925)* +- 🟩 110 minutes in: $153.80 / 136,56 € *(volume: 2331)* +- 🟩 105 minutes in: $151.04 / 134,11 € *(volume: 1995)* +- 🟩 100 minutes in: $150.74 / 133,85 € *(volume: 1876)* +- 🟩 95 minutes in: $150.73 / 133,84 € *(volume: 1852)* +- 🟩 90 minutes in: $150.67 / 133,79 € *(volume: 1819)* +- 🟥 85 minutes in: $150.66 / 133,78 € *(volume: 1819)* +- 🟩 80 minutes in: $150.71 / 133,82 € *(volume: 1737)* +- 🟥 75 minutes in: $150.67 / 133,79 € *(volume: 1716)* +- 🟩 70 minutes in: $150.73 / 133,84 € *(volume: 1684)* +- 🟩 65 minutes in: $150.71 / 133,82 € *(volume: 1633)* +- ⬜ 60 minutes in: $148.76 / 132,09 € *(volume: 1220)* +- 🟩 55 minutes in: $148.76 / 132,09 € *(volume: 1120)* +- 🟩 50 minutes in: $148.69 / 132,03 € *(volume: 1119)* +- 🟥 45 minutes in: $148.64 / 131,99 € *(volume: 1109)* +- 🟥 40 minutes in: $150.11 / 133,29 € *(volume: 977)* +- 🟥 35 minutes in: $150.22 / 133,39 € *(volume: 968)* +- 🟥 30 minutes in: $151.12 / 134,19 € *(volume: 470)* +- 🟩 25 minutes in: $151.15 / 134,21 € *(volume: 420)* +- ⬜ 20 minutes in: $151.12 / 134,19 € *(volume: 413)* +- 🟩 15 minutes in: $151.12 / 134,19 € *(volume: 219)* +- ⬜ 10 minutes in: $151.05 / 134,12 € *(volume: 118)* +- 🟩 5 minutes in: $151.05 / 134,12 € *(volume: 80)* +- 🟩 0 minutes in: $150.95 / 134,04 € *(volume: 24)* +- 🟩 US close price: $148.59 / 131,94 € *($150.87 / 133,96 € 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 1.1262. 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! +**Update 2020-02-08 0852 MST: Lots of good feedback, and I've realized that /u/gnomeozurich made an excellent point that is going to require me to change my calculations. Working on an update, check back in an hour!** + +**Update 2020-02-08 1320 MST: Updated the sheet to include two new scenarios:** +* **You pay off your mortgage in full ASAP after reaching your non-mortgage FIRE target** +* **You do a simple estimate by adding your original mortgage to your non-mortgage FIRE target** + +**Update 2020-03-03 1450 MST: Fixed the NPER calculations being run yearly instead of monthly. Cut off a few months from the results. Thanks /u/myonlynamespace!** + + + +## Intro ## + +> Should I include my house in my net worth calculations for FIRE? + +This question has been beaten to death on this subreddit, and the best answer is usually along the lines of: + +> You can include your house’s principal in your total net worth, but what matters for calculating your FIRE number is the amount of investible assets which will generate the returns to fuel your spending in retirement. Even if your house appreciates in value, those assets aren’t giving you a liquid return unless you take out a loan against them, which probably isn’t the best idea for your primary dwelling. + +But I’ve never liked this answer, for the reason that eventually your mortgage will be paid off and your monthly housing expenses will drop. This throws a wrench in using your current monthly spending to estimate how much money you will need to spend in retirement, and it annoyed me enough at work today that I figured I’d solve it. This post is an attempt to give the best approximation I can to how you should really account for a mortgage when planning for FIRE, and just how many years of your life you are leaving on the table if you don’t do this. + +---- + +## Once a Mortgage is Gone, It’s Gone ## + +Say that you buy a $500k house, and put $100k down in order to avoid PMI. You get a 30 year mortgage at 4.25% APR. Your monthly mortgage payment will be: + + $400 000 * (0.0425/12)/(1-(1+0.0425/12)^(-(30*12))) = $1968 + +If we assume a 4% safe withdrawal rate, the amount we have to save to cover our mortgage payments using the standard SWR calculation tells us that in order to FIRE we need to accumulate: + + $1968 * 12 / 0.04 = $590 328 + +For context, your total payments over the life of the mortgage will be $1968 \* 30 \* 12 = $708 393, entirely generated by that invested sum, and this is a good bit more than just paying the entire $400 000 balance of the outstanding principal outright! + +But I contend that this is a silly way to do things, since this means you will be have that $1968 every month in perpetuity. A “safe” way perhaps, but considering that a) that is a huge amount of money to save up (more than the total purchase price of the house!) and b) the greatest sequence of returns risk is in the early years of FIRE and 30 years down the road the extra padding will likely not be needed, this is unnecessarily conservative. + +So how should we account for things instead? I would argue that the portion of your monthly spending allocated to mortgage payments should be accounted for in your FIRE budgeting using draw-down calculations. In other words, you should spend your mortgage-allocated invested assets at a rate such that they reach a value of 0 on your last mortgage payment, while still accounting for the fact that they will be generating returns throughout that entire time. + +Luckily this is pretty easy in a spreadsheet – it’s precisely the formula for calculating the Present Value of an asset. Assuming a 7% investment return, here’s how much you need to save using the draw-down method: + + =PV(0.07/12, 30*12, -$1968, $0) = $295 769 + +This is half of what the SWR calculation would tell you! + +You can [check out my spreadsheet here](https://docs.google.com/spreadsheets/d/1C7Y692E_Za0nqJRJJbkerAEdFrQ8ut0dZUqTSqcAwXg/edit?usp=sharing) to see the calculation in action, check the formula against a manual month-by-month calculation, and make a copy of the spreadsheet to try out your own values. Cells in yellow mark the inputs. + +---- + +## Your Money or Your Life ## + +What does this mean in terms of how long you have before reaching FIRE? I’ll grab my NPER() calculation from an older post of mine, [Tips and Tricks for your FIRE Spreadsheets](https://www.reddit.com/r/financialindependence/comments/5cmanl/tips_and_tricks_for_your_fire_spreadsheets/) so check there for how I calculated these times. Note also that since you pay down the mortgage through this time, there is a circular calculation that has to happen to update the + + +Assume you have $60k / yr in non-mortgage spending, $50k / yr in investment savings (a post-tax SR of 37% after including the $1968 \* 12 = $26.3k /yr towards the mortgage), and current invested assets of $0. Now we calculate the time needed to hit the targets needed to cover the mortgage by putting all our savings towards it: + + SWR Method: $590 k, 8.6 years + Pay off in Full: $400 k, 6.4 years + Draw-down Method: $296 k, 5.0 years + +But you probably have investments already, and you probably have a FIRE number in mind. Assume that you instead have $500k already invested, and with a SWR of 4%, your recurring spending makes a non-mortgage FIRE number of $1.5MM. We calculate our time to reach that using the NPER() method, and find that it will take us 8.6 years. Since we’ve been paying down the mortgage over that time, we now calculate our remaining principal using the CUMPRINC() function: + + $400 000 + cumprinc(0.0425/12, 30*12, $400 000, 1, 8.6*12, 1) = $329 685 + +There are two sensible options once you reach this point - route your savings to paying off the mortgage in full, or save less and retire earlier by using the draw-down method. I'll also throw in the now obviously absurd SWR method, and a "Simple Sum" method for comparison which simply adds our current mortgage to our non-mortgage FIRE number. We calculate the additional money &amp; time needed for each method as before, and apply it to our original FIRE target to get final calculations: + + SWR Method: $2.090 MM, 12.0 years + Simple Sum: $1.900 MM, 11.0 years + Pay off in Full: $1.829 MM, 10.6 years + Draw-down Method: $1.761 MM, 10.2 years + +By using a more realistic calculation for the invested assets required to cover our mortgage, we realize that we can retire **1.4 - 1.8 full years** earlier than expected! This is of course specific to this scenario that I made up, but [play around with the numbers for your own situation](https://docs.google.com/spreadsheets/d/1C7Y692E_Za0nqJRJJbkerAEdFrQ8ut0dZUqTSqcAwXg/edit?usp=sharing) and you should see just how significant a difference this makes. + +One last thought - I played with a few different toy scenarios, and the benefit at FIRE of using the drawdown method over paying off your mortgage is only a few months in all of them. Fully paying off your primary home's mortgage is probably worth the reduction of risk for those extra few months of working. + +---- + +## Notes ## + +Assumptions I’m using here: + +* You are not paying PMI because you put at least 20% down (though you could incorporate this by extending the methods presented here). +* You will stay in your house for your full duration of your mortgage. +* Your spending and savings are constant until you hit FIRE, and your spending remains constant thereafter. +* There are no market fluctuations. It would be good for someone to run this through an analysis to figure out what multiplier you need to add onto these results counteract sequence of returns risk. Just spitballing, add +20% if shooting for an exact number makes you nervous. + +Some more things to note: + +* “But there’s no way that I’m going to live in this house for 30 years!” No, you’re probably going to move a few times. But this method will give you an apples-to-apples comparison of how exactly your FIRE target will change when moving to a new house, and until then should give you an accurate estimate. And thinking it through, if you move to an equally priced home and your investment returns are higher than your mortgage interest, then the lowering of your mortgage payments due to the refresh of the 30 years means that the amount of investments you need allocated to your mortgage should *drop*. Maybe enough to cover closing costs? +* All spending/saving/FIRE numbers are in current-year real dollars. The mortgage payments are in nominal dollars. Market returns are after inflation. The calculations aren't quite apples-to-apples since the mortgage balance will devalue due to inflation over time in real terms. But this is a conservative approach, so consider it a safety factor - a more rigorous calculation would be crystal clear about nominal vs real terms and reach targets quicker. +* You should include non-mortgage housing costs such as insurance, taxes, upkeep, etc. in your monthly spending, since those will persist after you pay off the mortgage. +* Critiques very much welcome. :) +Hello Apes! + +I hope everyone has had a great weekend! + +This week is starting to look pretty good we closed up for the second Friday in a row, and I think I get to bring back my consistent growth trend. + +Even though we have abysmally low volume, the illiquidity in GameStop has created a very wide bid/ask spread. So now the **price increases at the same rate as previous run ups on lower volume**. + +Let's sharpen up some crayons and dive in... + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. This will be uploaded by... + +8 pm EDT/UTC-4 + +# Part I: Technical Analysis + +**Section 1: Previous Analysis** + +First things first. Lets take a look at the previous weeks TA for the sake of continuity if nothing else. + +We had two expected price movement patterns: + +Positive Yellow Trend : Slightly positive movement into a Thursday/Friday breakout (This Failed) + +Neutral Blue Trend : Sideways chop till a bounce of the low resistance (this was accurate with a $0.80 margin of error) + +[Previous weeks price prediction](https://preview.redd.it/fgzfhz3b1yi71.png?width=2461&format=png&auto=webp&s=cff495bccdd7dd140a3c370f3cb0688d55744fe4) + +So why the inaccuracy? + +Well I reduced volume and volatility but not enough my expected volume was around 8.25M for the week and we ended up with 6.55M. The other reason was on Thursday (our second lowest volume day) the market had a pretty significant down day dragging us down a bit. + +**Section 2: The Ascending Triangle** + +While we slipped below that long term trend a tiny bit on Thursday due to the market dip I do not thing it is necessary to change our long term trendline. + +1. We have only traded 1.87M shares below the support line +2. Fridays bounce on the low support indicates we will move back above that trend shortly + +This week I will reduce expected volume and additional 10% in order to better reflect current trends while I do expect volume to begin to pick up this week I feel it is best to temper that when handling this analysis. It also appears there is another opportunity for a double bottom bounce on that ascending low support we actually failed one of these a couple weeks ago but if we get some bullish divergence this one still has a 78.55% chance to move to the upside which in this case is slightly above 180. + +[Price action prediction for the week of 8\/23-8\/27 \(1D\)](https://preview.redd.it/fdq9ih8mdyi71.png?width=2456&format=png&auto=webp&s=1cc6fecdde788354b1c88e678bc0376104fb67c3) + +Just to note the area of overlap in the two possible trend has a higher level of accuracy + +[Close up of this weeks expected price action \(1D\)](https://preview.redd.it/5x3j7mj1eyi71.png?width=2447&format=png&auto=webp&s=e6cbd1843ce26083c827ba6af25c7e571ae4a33d) + +&#x200B; + +[Wide-angle view \(1D\)](https://preview.redd.it/qmmuhqp3hyi71.png?width=2463&format=png&auto=webp&s=c2608d6f1e67b63e633d462a7645b8fa50a78742) + +Since we are looking for a difference this week in volume lets look at our momentum indicators and then take a look at historical price action and see if we can determine which of the two predictions is more accurate. + +**Section 3: Other Indicators** + +**MACD** + +MACD is continuing it's crossover we had a small amount of convergence this week but it looks like we are moving to continue the uptrend this can be confirmed with the crossover on the 4hr that occurred Friday. + +[MACD on 1D](https://preview.redd.it/l96j9rzglyi71.png?width=1604&format=png&auto=webp&s=7f2fc2d10690a0a22419ea0813187e162bc868bf) + +We can confirm this continued trend on the 4h timescale. + +[MACD 4h](https://preview.redd.it/tsizwn1plyi71.png?width=1604&format=png&auto=webp&s=2f6c3b82b547117abfe4d08330912e1d0dace2ac) + +**Stochastic RSI** + +A few weeks ago I mentioned that we would see a bit of convergence on the K/D but ultimately expected it to diverge and continue to the upside. Well it's taken awhile because of how low our volume has been and how much smoothing I have used on this indicator. But we had another bullish crossover and the predicted upside trend is starting to play out. The move towards overbought is in motion. + +[StochRSI on the 1D](https://preview.redd.it/6vf4hfj1oyi71.png?width=1610&format=png&auto=webp&s=33e825a2bbcdfe586ca7368ae8b805651df5a5b3) + +**RSI** + +Thursday's dip almost brought us back down to oversold on the daily RSI 6. RSI indicates that we had a solid bounce and looks like we can expect a continuing uptrend moving into this week. More move upward tomorrow could also indicate bullish divergence on the RSI 14, this lends strength to the double bottom formation. + +[RSI 6\/14 on the 1D](https://preview.redd.it/paoehyzaqyi71.png?width=1593&format=png&auto=webp&s=de534575b380ae03a8bf11f6e888876928efdd19) + +**BBKC and TTM** + +While BBKC fired on 8/12 TTM is still showing fire signals so we can assume that the squeeze signal has not actually fired but is within a range that makes it appear as if it had. Essentially the Bollinger's are tracking the Keltner Channel but have yet to actually break out. This is most likely an effect of the price suppression on the stock. However it does look like TTM is nearing another crossover. If this does play out it looks like Monday will be flat and **Tuesday will be the day that volume and volatility pick up.** + +[TTM and BBKC on the 1D](https://preview.redd.it/wxdqgpltryi71.png?width=2451&format=png&auto=webp&s=da8d562252fa3a3cb2beb3938d1fc2858f2ee71b) + +**Section 4: Historic Price Action** + +As we are now getting to a point where we have enough data on GameStop since the run in January, I am feeling more comfortable looking at some historic price action in order to affirm trends moving forward. As there is heavy manipulation on this stock the more time that passes the more obvious this manipulation becomes on the charts. While am **nearly certain of the cause and effect behind these patterns, I still need more time to confirm that.** However I do feel comfortable pointing this out currently. + +[Possible correlation to previous price action 4h](https://preview.redd.it/5a46s0fjtyi71.png?width=1606&format=png&auto=webp&s=c658254576d2b63270fa77d79159e8d07cb46eab) + +Some of the things that are very apparent here are: + +1. There are cyclical events that effect GME +2. They no longer have the same ability to suppress the price ([due to short inflation](https://www.reddit.com/r/Superstonk/comments/ntpkuy/never_a_borrower_be_a_synopsis_of_gmes_1_borrow/), people no longer setting stop-losses or selling, and continuous retail buy pressure) +3. We are entering a period of strong upward momentum with lower potential downside. + +**Section 5: Conclusion** + +Based on the technical patterns, technical indicators and historic price action. It appears we are entering the beginning of a strong run to the upside. With our current bid/ask spread and low liquidity I expect we could see the price gap up more than usual especially that gap between 185 -225 that happened on the last run up. If volume comes in on upside movement this thing is really going to take off. + +TLDR; Everything points to a positive week topping out at \~180. The current illiquidity presents a **high possibility of violent upside potential**. Get you titz jackked this fucking rocket ship is ready to go! + +[Checking thrusters...](https://preview.redd.it/7bjila2xvyi71.png?width=1538&format=png&auto=webp&s=a610413fa2b45082fb99d6142caace20c2458977) + +# Part II: The Market + +I feel that enough time has passed since the last serious correction that it is time to revisit the previous trend and figure out a new one. Which conveniently we diverged from on Thursday. Even though the market continues to have consistent bearish divergence, Delta variant cases continue to rise, and treasuries are looking a bit unstable. Congress is back in session on on the 23rd and I expect one of their first orders of business will be the infrastructure plan which could cause that bullish sentiment to rush right back in. So needless to say things look about 50/50 for the coming week. + +[Updated Trend and Correction Zones for the S&P 500](https://preview.redd.it/29pl0dzc0zi71.png?width=2084&format=png&auto=webp&s=03797a16b2eb32aec635ee2d5da35397cf0a5987) + +After Thursdays dip we see a drop of 23 points on the P/E 10 ratio + +[Closed Friday down 23 points from the previous week](https://preview.redd.it/ggc3zx6v0zi71.png?width=983&format=png&auto=webp&s=71c4cb124a6cb956613c3abf5b29a35d2a25591c) + +&#x200B; + +# Part III: Conclusion + +This is by far the best looking week for a while after it plays out I expect to see the beginning of a growth trend similar to the one we experienced back in June and into July. We have a hard support at 156-158 so I do not expect any significant drops this week. GME heading straight into earnings with this much momentum leaves me pondering if more shares will be issued at or near that event...If shares are issued while it won't stop MOASS it could present another significant delay and would indicate that they are working with the SEC to actively prevent a market collapse as they have had free capital on hand since the shareholders meeting and yet declared no intention for it's use. Only time will tell however. In the meantime it looks like GME only go up. + +Buy & Hodl + +If you want to see more information on this subject matter feel free to join me in the : + +If you missed my [Discussion on the GameStop thesis with Tradespotting check it out here](https://www.youtube.com/watch?v=kT-8XqqQcug) + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Some may be aware of the recent activity over in r/wallstreetbets with the GME stock. For those that aren't, see: [https://www.ign.com/articles/gamestop-stock-surges-to-record-highs-as-investors-battle-redditors](https://www.ign.com/articles/gamestop-stock-surges-to-record-highs-as-investors-battle-redditors) or have a quick Google. + +The overwhelming advice from r/UKPersonalFinance is to invest in well-diversified index funds, with the long-term passive investment approach (for the record, this is my also my preferred approach). + +So I'd be interested to know what people's thoughts are when seeing a large community like r/wallstreetbets seeing substantial short-term growth like with the GME stock? + +For example: + +* Are you tempted to get involved? +* Are you already involved? +* Do you want to completely avoid this high risk form of investing? +* If you have invested, how much of your portfolio have you put in it? +* Do you have any prior success/horror stories of similar situations? +Salvadorians arent being forced to accept anything, definitely not forced to accept BTC as the top post guy claims. His whole post is nothing but a lie. Salvadorians now have the option to accept bitcoin as legal tender, not pay capital gain taxes on it, use LN as a payment rails in a country that is without any instant settlement online banking layer. + +Forget El Salvador, people across the world are being forced to accept fiat that is rampantly being devalued by central banks. Consider a person who has meagre savings in fiat (even in USD if you consider a Salvadorian), the purchasing power of their savings is losing value all the time. While the US can afford to give its citizens bailouts and relief packages, the governments of other countries that rely on USD cannot do the same. For instance, the El Salvador central bank cannot print a trillion dollars and give all its citizens any package. They are forced to silently suffer while their savings are being devalued. + +That whole post smacks of political agenda. When anyone big or small tries to change the status quo from fiat currency that can be manipulated anytime by central bank to a non-sovereign asset backed by power of computing, there is going to be a lot of political backlash, mind games and narratives. Someone who is fiat rich (the ones at the top of the tree right now) is just not going to accept the new paradigm without putting up a fight. + +EDIT: + +Sources - Just read the bitcoin law text, instead of reading its interpretation from websites or elsewhere. I am linking it for you: + +https://freopp.org/el-salvadors-bitcoin-law-full-proposed-english-text-9a2153ad1d19 + +> Art. 5. Exchanges in bitcoin will not be subject to capital gains tax, just like any legal tender. + +> Art. 3. Prices may be expressed in bitcoin. + +> Art. 4. Tax contributions can be paid in bitcoin. + +All the above provisions shed regulatory light to people who have BTC and want to spend them. They need not worry about capital gains. This is one of the biggest roadblocks in using BTC or any crypto as currency - even if you want to buy $10 worth meal with crypto, you have to calculate and pay capital gains on that. This makes it silly to use crypto for transactions, and as a result most people dont use crypto for transactions even if they are holding crypto. +The El Salvador law directly seeks to remove these obstacles in real crypto adoption. They can even pay state taxes with Bitcoin now. +This is the one rule change or law change if every country adopted, will result in exponential adoption of crypto for daily transactions. Currently most countries of the world treat crypto as some form of asset or commodity, and make it impossible to do daily transactions at scale with crypto, because an average user isnt interested in calculating their capital gains on a daily basis + +#About accepting Bitcoin not being FORCED on anyone: + +> Art. 8. Without prejudice to the actions of the private sector, the State shall provide alternatives that allow the user to carry out transactions in bitcoin and have automatic and instant convertibility from bitcoin to USD if they wish. Furthermore, the State will promote the necessary training and mechanisms so that the population can access bitcoin transactions. + +This means if someone doesn't want to accept BTC but the customer wants to spend their BTC, the state shall provide alternative to automatically convert it to USD. + +> Art. 12. Those who, by evident and notorious fact, do not have access to the technologies that allow them to carry out transactions in bitcoin are excluded from the obligation expressed in Art. 7 of this law. The State will promote the necessary training and mechanisms so that the population can access bitcoin transactions. + +> Art. 7. Every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good or service. + +Article 12 clearly makes it very clear that those who dont have the technology to use BTC are excluded from BTC. However the state will push for education and making the technology accessible for users over time. +I was thinking a lot about cancelling citibank credit card since they sent out a mail stating they won't be allowing any activitiy related to cryptocurrency. Called the customer care & here is the conversation: +Me: Hi I would like to cancel my credit card +CC: Sure. May I know the reason why. +Me: I do not support CitiBank's stance against cryptocurrencies +CC: Would you continue to use the card if we gave you Rs.1000 cash back? Also 10x reward points on every purchase. +Me: Will you be accepting transactions related to cryptocurrency? +CC: I'll forward the request to cancel the credit card. +Me: Thanks... + +Edit: The amount offered is Rupees 1000 or 15.05 US Dollar. I was getting 0.8% cash back so that was already bad. +Edit2: I cancelled the account because they don't let Debit card or Bank account transactions for Crypto as well. It's not about buying crypto. Action was taken because I don't agree with banks controlling what we can buy with our money. This is happening in India. Not sure about other countries. +Hello. I frequent this sub from time to time. I recently made the switch over from Wells Fargo over to Alliant credit union. As of today I closed all my accounts with Wells Fargo and moved all my auto bill payments to Alliant and finally had my direct deposit approved. + +I just wanted to let those know that are on the fence about online only credit unions with no brick and mortar that this online experience has been nothing but pain free and awesome. I originally opened up a savings and checking account, but today I called and asked if I was able to open up an additional savings so I can have it as my emergency fund. To my surprise unlike Wells Fargo there is no annual fee, no daily balance needed etc. + +The lady asked if I wanted to open it right now on the phone and that she would just ask me a few security questions. Not even 3 minutes later she said my new savings account was added and would be reflected online. She told me I could change the name to emergency fund if I so desired. I wish I would have made the switch sooner. It's almost to good to be true when I look at all the non fee things that come along with this credit union compared to Wells Fargo. + +The next thing I want to do is to open up a credit card with Alliant. I recently heard they do 2% now on purchases. Those with a Alliant account or CC how has your experience been so far? I've been with them for about a month and so far it's been the best banking experience of my life. + +Hands. Down. + +EDIT: This thread blew up overnight as I was sleeping and I'm having trouble replying to a lot of you so I'm sorry if I didn't answer your questions. But I did answer back to a lot of you. + +[Here](https://imgur.com/a/al35P) is a few screenshots of what my online CU app looks like when viewing my balance etc. The other picture shows a list of the nearby ATM I'm able to use for fee. I'm showing this in case anyone ever wondered what a CU app looked like. It's literally the same as any other bank app I imagine. + +A lot of you had the same questions regarding how to deposit cash, how to take out cash, any ATM fees, etc. I'll link you the FAQ from Alliant so I don't have to keep repeating myself and so people don't have to dig through all the comments to find the answers: + + +http://myalliantcreditunion.com/google/offers/frequently-asked-questions + +If anyone has questions for me just PM me instead I will gladly answer back whenever I can. + + + + +**Seems like every other day there is some regulatory news. China stocks are currently value traps with no end in sight. There are reports peppered in between of Chinese authorities assuring investors to not worry, but the regulatory pressure on China equities is alive and scary** + +Tencent Holdings Down 8.2% +NetEase Skids 11% +Alibaba Down 6% +Others like BILI, BIDU, JD, etc down big + +Sources said the decision to freeze new video game approvals was revealed at a meeting between Chinese authorities and industry giants Tencent and NetEase +It is unclear how long this suspension of new game approvals will last, the sources said + +The Chinese government has temporarily suspended approval for all new online games in the country, dealing a fresh blow to the video gaming businesses of industry giants Tencent Holdings and NetEase, as Beijing steps up measures to tackle gaming addiction among young people, according to people with knowledge of the matter. +That decision was revealed during a meeting on Wednesday called by Chinese authorities, led by the publicity department of the Chinese Communist Party and gaming watchdog the National Press and Publication Administration (NPPA), to discuss with representatives from Tencent and NetEase how they will implement Beijing’s new restrictions on video gaming for minors, according to a person briefed on the matter, but declined to be named because the information is private. +The authorities’ move means “everything is on hold”, the person said. + +https://www.scmp.com/tech/big-tech/article/3148128/china-said-suspend-approval-new-online-games-heating-beijings +And can take several weeks to expire. A 5lb bag can last you a week, and is often less than $3. + +Heres 63 different ways to cook them. +https://youtu.be/hc3TEaT3WHA +I'm close. Based upon a conservative view that allows me to give my kids a debt-free college education and lots of travel money for 15-20 years, I'm probably at 90-95% financial independence. It has been interesting to see how my views and priorities have changed since getting to the home stretch: + +1. I think about major pending purchases in terms of weeks or months of delayed retirement instead of actual dollars. Money is less important than time right now. +2. I have gotten more conservative in my investments. My thinking is that a big drop in my portfolio right now would have a bigger impact (in terms of delayed retirement) than a big increase. I don't want to push my timeline out any further. +3. I am still paranoid about the cost of health insurance before 65. I am still working to get my arms around the expected cost, both pre- and post-Medicaid, but this still scares me quite a bit. +4. My focus on my health has increased. I have much work to do in this area, but what good is retirement if I can't enjoy it! I am increasing focus on being healthy and I expect that focus to grow even greater in retirement. +5. At work, I have become more of a risk-taker. Why? Because I'm not worried that making a mistake that will cost me my job. That doesn't mean I'm doing reckless things - it means I'm pushing me and my team to be the best and take some calculated risks. My company has benefited from this approach, frankly. +6. I'm not longer sweating the small stuff, especially at work. If someone's a jerk, I don't really care. Life is too short to be brought down by people like this. +7. I am focused on a bucket list. Now's the time I can start checking things off! What do I want to do with my life? What should I do while I'm younger vs. later in retirement? Create the plan! +8. I'm thinking about part-time gigs that will allow my to still do some things for a while - maybe 20% of my time - to keep my skills up in case an unexpected need arose which required me to work again. I also want to ensure I can do it anywhere so I can be free to move around the world. The thought of doing a consulting job from a villa in Andalucia (or anywhere else) sounds very appealing! +9. I am feeling a twinge of guilt as I approach retirement. I will be leaving a lot of people that I've worked with for almost a decade in my current job, and I've been a leader to many of them. I know they'll be fine, but I still feel somewhat guilty about leaving at/near the top of my game. Although we'd like to see our sports heroes retire at the top, it's harder when you're talking about yourself. + +I'd love to hear from others! +Aside from housing commission or living with her kids (ages 23-28), my partner and I really need some ideas for his mother’s approaching retirement (she’s 61). + +Backstory is that her husband recently died suddenly of cancer, 9 months after his diagnosis. He was the sole “breadwinner” (hardly) and she rarely worked, but has a background in childcare. He had his own business for 5+ years and we all secretly knew it wasn’t profitable and that he was in debt, but he would never accept help or admit he was struggling. He always acted like a financially comfortable man. She knew things were bad, but not the detail. + +Literally on his deathbed he revealed that he was in deep, deep debt because of the business which he continually tried to resurrect by getting loans and credit cards. The debts were all in his name, and have since been written off after his death. Its a long story, but really they just aren’t the most savvy and switched on people which is why we, the kids, are having to help an adult out of this shitstorm. + +They never owned a single asset, never had savings, no investments - nothing. They were worth nothing and upon his passing he passed on nothing to his wife and kids. After his death my partner and I had to pay her rent, and then start a GoFundMe out of desperation which helped her in her time of grieving and during this COVID19 nightmare, but that money will run out soon. + +Until then we are stuck twiddling our thumbs on what to do to help her. She has no plan other than hopefully get a job (she naively doesn’t even want to work in childcare again), and continue to rent with her youngest child until they want to move out. After that, we’ve got no idea what she should do. + +THANKFULLY, he applied for life insurance well before his diagnosis and it has been approved, so there is about 300k (I wish it was more) coming in for her at some stage this year. What to do with it?? + +She hasn’t worked in years, has no savings, no assets - so a bank would never give her a home loan. She can’t just live off the 300k as she’ll burn through it and she’d like to give some form of inheritance to her kids one day. She wouldn’t be able to afford rent while on the aged pension either, so we’re stuck. + +Any ideas? We don’t want to live with her, if we can avoid it (we just got married). A granny flat MAYBE, but even then... My partner and I are renting and (previously) travelled a lot and aren’t ready to be locked into a mortgage. Maybe in 5 years, but not now. + +My parents suggested a plan where we buy a house financed by her 300k and the remainder from the bank. We would then repay her the equivalent of a weekly mortgage repayment to supplement her aged pension, to ensure she has more disposable income than the pension provides (which is about $500/week, plus we would repay her $300/week). Plus we’d repay the bank the equivalent of repayments proportionate to whatever remaining sum we borrow. Basically we’d be paying the same for a home, but part of it would go to his mum to repay the money she gave us. Upon her eventual passing, we’d either buy out his siblings to give them their portion of the estate, or sell and just allocate them $100k each (obviously this needs a great contract and solicitor). + +But honestly, even this plan nauseates me. It means we’re not only accountable to a bank, but to her - and responsible for her livelihood. + +There’s gotta be some better ideas out there but I just don’t know what they are. Please let me know if you’ve got any other ideas. Thanks! + +tldr - mother in law has nothing to her name except her dead husband’s small life insurance claim. How the hell can she retire comfortably without disrupting her kids’ lives? +How old were you, single/ partnered, price, location, current value etc… + +For those who haven’t bought yet or are looking to buy, what’s your story? + +Looking to hear stories from redditors on here. + +I’ll go first - Haven’t bought yet, 23M single. Have a decent deposit saved up but looking to travel next year or live/work abroad. Building up my ETF portfolio instead +For those of you who travel in the EU, may be worth checking if you can avoid roaming charges by swapping to another carrier (BBC have an article about it - [https://www.bbc.co.uk/news/business-59930934](https://www.bbc.co.uk/news/business-59930934)). + +More generally, it amazes me how much people pay for phone contracts when they're getting cheaper and cheaper if you look around for SIM only contracts. + +&#x200B; + +&#x200B; +Whats your “If you give a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime” advice for helping those early and late in their financial planning? +Currently have about 10 k to work with and I pay no rent so no need to worry about that . Is there any books / videos I should watch and which ? Any tips that you would of liked to hear when first trying out ? + +Please feel free to drop any information I’ll be reading it all + +Edit : I’m from Ireland and I’m pretty sure you don’t need 25k to start , I’ve a friend who does it and he told me he started off with 7k +There's an overwhelming attitude on this sub, that day trading consists of consistent execution of simple strategies. Most of us think we have figured out the holy grail of trading, but it's our execution that's lacking. I guess it's comforting to believe that success is within our grasp, but we just need to work on our psyche, and emotions, and discipline and what not. + +In reality, day trading is utterly complicated. Have you actually seen how the professional day traders go about their trading? I'm not talking about your YouTube personalities teaching you candlestick patterns, or the odd traders here who started trading in 2020, and lucked into easy money in a highly directional market. + +Real professionals routinely use order flow, footprint charts, gamma exposures, and absolutely understand the minute market profile. They have extremely complicated risk management practices, like hedging with options, and correlation trading. Great day traders can not only react, and predict the market, but also explain why the market reacted the way it did seconds ago. They don't resign to market manipulation by the hedgies, as an explanation. + +Yes your MACD+RSI might work today. Entering the lower time frame pullback on a higher time frame trend might give you great returns over the the last year. But in the long run just sticking to level 1 data, and candlestick patterns will never work for us. Take the time to educate yourself on market profile, and familiarize yourself with level 2/3 data. It's not the 80s anymore, where you could rely on just technical and pattern analysis. + +Daytrading is, for all intents and purposes, a zero sum game. For some of us to make big money, 90% of us have to lose. It's the cold hard truth, but not all us can be winners here. Most of us are starting out with very small accounts, so it's extra crucial we educate ourselves as much as we can, before blaming our poor emotions. + +*TLDR*: You can either keep it simple, and depend on market experience by going through years without consistent returns, OR you can put in the hard work now, familiarize yourself with market profile at a higher level, and actually start making gains. More than our discipline, and emotions, it's our actual strategies, and knowledge that needs work. +Original: + https://www.reddit.com/r/stocks/comments/oitmxh/my_parents_gave_me_my_grandfather_and_great + + +I contacted my bank and they were looking into both stocks for me. This was the response I received: + +------ + +I am following up on the status of your stock certificates. Below, you will see the response from our research and custody team: + +Strategic Materials Corp. went bankrupt in 1969. Their stock is worthless. + +Overbook Improvement Company still exists, however their stock is privately held. LPL doesn't accept private stock on non-retirement accounts. The client would be best advised to contact the company directly. We could not find contact points, but their business records are available with the State of Pennsylvania should the client like to chase further. + +While Strategic’ s value may be in framing the certificate as a keepsake, Overbrook may have some value. I hope this gives some insight to the next step regarding this. + +------ + +Welp, time to look into Overbrook and see if it does have value! + +Update: weirdly I found an address but...it doesn't seem to exist though is in my zip code! +Did you know that there was a RICO case involving FWEB ? And price fixing on OTC? I think it really is related to GME (and every other damn thing these corrupt fucks have touched) + +Found this interesting, It's a RICO case https://caselaw.findlaw.com/us-2nd-circuit/1161833.html + +the guy was a repeat offender too +https://www.nytimes.com/2002/03/13/business/markets-market-place-white-collar-criminal-adds-conviction-no-7-his-record.html + +and here is +[SEC announcement of the ordeal](https://www.sec.gov/Archives/edgar/data/827165/000095013400005971/ex99-2.txt), involving La Cosa Nostra O_O + +They tried to fix the price of FWEB (among other things). Sound familiar? + +edit: just want to add that I'm pretty retari BOTTOM TEXT so keep in mind it's just speculation on something I happened to see. This might be mis-flaired, sorry (see previous sentence) + +the tweet : https://twitter.com/michaeljburry/status/1441925842993438729 + + + +hhahaah HOLY SHIT. From the ny times article about FWEB: +"Had federal investigators not managed to record a couple of telephone conversations in which several people discussed a plan to drive the stock up so that one shareholder could dump his stock, that rise and fall would probably have gone unnoticed by everyone save those who made and lost money in the case." + +did we not just see conversations that may have been pulled from someone's phone, showing collaboration? + + +edit: looks like the tweet is now deleted, but was able to be kind of led to the link takes to https://www.wsj.com/articles/SB920421525958599000 +54m, 18m nw, vlcol, FatFIREd since '16, blah blah... I've been upgrading my appearance and wardrobe this summer, but realized I have utterly neglected what I wear for socks. Are there premium sock designs/brands that offer more comfort or performance? Don't mind spending more if the value is there. Usually wear a Nike ankle sock, but just sort of fell into them by default. What are people in the know wearing on their toes? +Perhaps it may just be personal preference, but I think I prefer a strategy of investing in a broad portfolio of single stock names I believe in while selling calls 10-15% OTM per month. If I get assigned then that’s fine because I just made 10-15% in a month which would be exceptional. Then I would just move on to another company with the new capital and do the same thing. If it expires worthless, then just roll it over to the next month. +Hi guys!I am new to the group. I have a question.Can i strart selling options and doing the wheel strategy with 5.000 $ into my account? Is this enought? Or i have to be patient until i save more.Thanks!! Happy trading! +Perhaps it may just be personal preference, but I think I prefer a strategy of investing in a broad portfolio of single stock names I believe in while selling calls 10-15% OTM per month. If I get assigned then that’s fine because I just made 10-15% in a month which would be exceptional. Then I would just move on to another company with the new capital and do the same thing. If it expires worthless, then just roll it over to the next month. +Been reading through this subreddit for a couple of months, but just wanted to make sure me and my wife are taking the right steps towards FI. + +- mid 20's +- Married +- Total Household Income (Gross): ~$180k +- No debts (student loan, car loan, no mortgage etc.) +- Value of 401k (combined): ~$50k + +We just reached a net worth of $0 after a couple of years of paying off student loans (excluding the value of 401ks). + +In my mind, these are the next steps toward FI. Could you let me know if you would do anything differently? + +1. Control spending/budgeting (live below means to maximize savings rate) +2. Contribute up to match for employer 401k (we both already do this) +3. Emergency Fund (planning to save $30k in a savings account) +4. Contribute up to the max for ROTH IRA (I believe this is around $2200 each based on joint income) +5. Max 401k contributions (up to $18k per year excluding employer match) +6. With any left over cash flow, automate investing into an index fund with low expense ratios (Ex. vanguard). + +We are planning to have kids in the future but I haven't factored that into the steps above. We have also considered buying a house but are not sure. Would anything change dramatically in terms of next steps? + +I think we are entering the "long/boring/uneventful" phase of accumulating wealth but I'm fine with that. + +Hoping to maybe be FI by age 40 but no target number or timeline as I know things can change pretty quickly. +I've seen a lot of discussions here and there about people looking to "Barista FI" but not wanting to actually be in a food service industry, and I thought I'd share something from my industry as an option. + + + If you live near a luxury car dealership(Lexus, Audi, BMW, Benz, etc) they are usually always looking to hire delivery drivers for the sales and service departments. These drivers deliver cars to and from out of town, and even out of state customers. For instance, Bob lives 3hrs away from the dealership, but needs to bring his car in for service. Bob would rather pay for the dealer to bring him a loaner car, pick up his car, then return to swap cars again. + +The industry standard in most dealerships I've worked in seems to be older, retired men who just want to make a little extra money. But we search constantly for drivers because many of these people have very limited availability, so we try to keep a pool of drivers to choose from. Work is basically served up like a courier service, you tell us when you're available, we call when there's a delivery, you tell us if you can make it. You get paid for mileage on deliveries. For long distance out of town deliveries, some of our drivers make $160 in a day for a 6hr trip, but most make 100-150 per day, doing 2 shorter distance deliveries. You can listen to audio books, etc while driving. + +I just thought I'd share this, since it's not a well known job, but it is a position that's usually hiring at most dealers, and it has great earning potential for something where you could work as many or as few days as you'd like with tons of flexibility. + + A proper edit now that I'm at a computer: + + I'm not offering anyone a job, if you want to know if a dealer near you does this and is hiring, call them. + + + Most of these positions are not eligible for benefits, as others have pointed out. I was not aware there were part time positions that offered health insurance, so I didn't consider this a factor, but I'm adding this to ensure nobody goes into this EXPECTING benefits. Employment status and type is dependent on dealer, results will vary. + + You need a valid driver's license and clean driving record for at least the last 3 years to be considered, this is pretty standard but can vary. + + You can be employed as either an employee or a 1099 contractor. Most of my experience indicates the former, though as others pointed out that may be the minority, and likely is since i live in a small city and have worked for small dealers. There is a high likelihood your dealer will offer this as a 1099 position. + + This was never meant to be "here is a great way to get benefits in part time employment" and I didn't mean to lead anyone to believe that was the case. This was meant to alert people to an easy, laid back, super flexible job that pays well and has you dealing with nice people most of the time. + + + + + +In this research, I analyze the workings of the risk assessment mechanism used by OCC (Options Clearinghouse). I also tracked *some* of the collateral used by OCC members to offset risk. This DD comes short of my initial goal but I'm posting it none the less. + +&#x200B; + +* **A) THE OCC - skip if needed** + +The Option Clearing Corporation or OCC is the central entity in charge of clearing and settlement for options, futures and other derivative transactions (between its members). OCC protects its members from counterparty risk by acting as a guarantor to ensure that the obligations of the contracts it clears are fulfilled. + +The OCC is in charge of settlement specifically in the following products^(★1) : + +* \-> Equity Options +* \-> ETF Options +* \-> FLEX Options +* \-> Futures Products (Exchange traded only on CBOE and SMFE. PS: No Single-Stock Futures are listed on these exchanges) +* \-> Index Options +* \-> LEAPS +* \-> OTC Products (only OTC S&P 500 index options) +* \-> Quarterly Options +* \-> USD Cash-Settled Currency Options +* \-> Weekly Options + +Of note here is that, except for S&P 500 index options, all Over the Counter (OTC) products, such as Swaps and Forward Contracts, fall outside of the remit of the OCC. + +Also of note, is that the OCC serves and is contractually obligated towards its Clearing Members (list here^(★2) ). Similarly, Clearing Members have contractual obligations towards the OCC. Clearing Members in turn have clients of their own, like non-clearing broker firms, who in turn may have you and other people as clients. And so, a trade you and I make, will be sent by our broker to its Clearing Member partner who will submit it to the OCC for clearing/settlement. To summarize, all trades end up being covered by the OCC but the OCC only deals directly with a limited number of Clearing Members. + +The OCC, in order to protect itself and its Clearing Members as a whole, asks that each of its Clearing Members properly manage the risk associated to their portfolio. For each Clearing Members, the OCC measures the potential risk of its portfolio and determines if collateral is sufficient or if margin has to be posted^(★3.) In this context, a Clearing Member's portfolio includes its own proprietary trades and those of its clients and its clients' clients etc. Of course, in practice, a Clearing Members will in turn monitor its non-clearing clients' risk and ask margin/collateral from them - margin/collateral which will then be factored in the OCC's assessment of the Clearing Member's portfolio risk. In Summary, margin requirements is recursive and ultimately applies all the way down to individual traders like you and I - but for the purpose of this research, of interest is the top layer of this system where all positions and risk has been aggregated in the Clearing Members' portfolios. + +&#x200B; + +* **B) STANS** + +The OCC measures the risk associated to its Clearing Members' portfolio using a proprietary methodology named System for Theoretical Analysis and Numerical Simulations (STANS)^(★3.) STANS is essentially a Monte Carlo Simulation - a simulation that looks at (wrinkle : randomly samples for) all possible outcomes, and using these outcomes as starting points, another round of all possible outcomes can be calculated, etc. The end result, is a bell curve showing the probabilities of the portfolio returns (profit/loss). You can think of it as a bean machine used to demonstrate outcome distribution. You may also think of it as Dr. Strange looking at all possible futures and counting how many futures result in a 1% loss for the portfolio, 2% loss, etc. + +Unlike traditional/historical risk assessment methodologies that consider past outcomes as future possible scenarios (wrinkle : apply a hair cut to certain products based on past performance), a Monte Carlo Simulation will provide for scenarios that never happened before, however unlikely. One such never seen before scenario may be for example that AAPL and TSLA both go down 20% while an idiosyncratic stock goes up 85%. It may seem unfair that a Monte Carlo Simulation provides for these extreme outcomes, but it is important to understand that if these scenarios are low probability, they will have very little weight in the final outcome of the simulation, and thus the risk associated can be considered low. Unless of course the portfolio being assessed for risk has a very large short exposure to the idiosyncratic stock and so many of the Monte Carlo Simulation outcomes result in a net loss and the aggregate probability of these outcomes becomes a concern. + +&#x200B; + +[\(top left\) A Bean machine. \(top right\) A graph of an actual Monte Carlo Simulation for a single stock. \(low left\) The typical bell curve, centered on the mean and symmetrical. The area \(and not the curve line\) is the probability of the outcome being measured. Notice how thin the tails are. \(low right\) A Value at Risk bell curve for a portfolio. The bell curve may not be symmetrical. Tails may be fat and long. Notice most of the area show a return greater than zero. The left tail is the one we are interested in, it extends into the negative, where the portfolio posts a loss. The read area shows the 5&#37; worst outcomes. -0.82\(standard deviation\) is the minimum loss for those 5&#37; worst outcomes. The OCC uses averages of the X&#37; worst outcomes to determine margin requirements.](https://preview.redd.it/p94uegevv2g81.png?width=1126&format=png&auto=webp&s=b21b4690a764774394a362f306bf4bb7b397765e) + +&#x200B; + +STANS has the following features: + +* It has a two-day horizon. (It simulates what may happen in the next two days)^(★4) +* It models the joint effects of risk factors on the value of the portfolio. A risk factor is like a variable, something that may change through time. I cannot find an exhaustive list of risk factors, however + +>The majority of risk factors pertain to the prices and option-implied volatilities of individual equity securities^(★3) + +* STANS runs a simulation in a 3 step process^(★4) +* (i) Calibration +* (ii)Generate the list of risk factors (wrinkle: Copula) to be simulated and identification of *correlations among simulated changes in the various risk factors*. **(Important : correlation between risk factors is taken into consideration.)** +* (iii) Run the simulation (10,000 scenarios for each risk factor). Calculate how securities/derivatives position change in price for each scenario outcome (Net Asset Values or NAVs), and calculate whether the overall portfolio returns a profit/loss for each outcome (positions + collateral = profit/loss). When the portfolio outcome is a loss, calculate margin requirements. + +&#x200B; + +STANS calculate margin requirements in the following fashion^(★3) : + +* There are 3 components in the calculation of margin requirements : **Base, Dependence and Concentration**. +* For each components, the 3 step simulation described above is performed. +* For the **Base** component, the 1% worst outcomes from the simulation are used (wrinkle : 99% Expected Shortfall). To the extent that these 1% worst outcomes result in a loss for the portfolio, the average loss is calculated and becomes the margin requirement from the Base component. +* The **Dependence** and **Concentration** components also run through the 3 step simulation, however only use the 0.5% worst outcomes. These components are discounted and are only taken into consideration to the extent that they exceed the Base component. They are like add-ons to model extreme risk. +* The **Dependence** component essentially simulates outcomes with extreme level of correlation (perfect correlation and zero correlation) in single-stock returns instead of historical correlation. (Therefore, a modified step (ii) of the 3 step process above). +* The **Concentration** component can be thought of as a proportion of the *extra risk that would arise from extreme adverse idiosyncratic moves in* ***two*** *risk-factors to which the portfolio is especially exposed*.**(Important : Extreme idiosyncratic moves in 2 risk factors is the basis of an entire component of the margin calculation.)** + +&#x200B; + +[ The 3 main components of margin as per STANS methodology. ](https://preview.redd.it/cgzqi5dyv2g81.png?width=926&format=png&auto=webp&s=3a4461eb6ed3aae73aa7e29081148d79daf5ebd4) + +For Additional information and details on margin calculations according to the STANS methodology, see sources^(★3) ^(★4) ^(★5) + +&#x200B; + +* **C) INITIAL HYPOTHESES** + +From the theoretical description of the inner workings of the OCC, the following hypotheses were formulated and later tested: + +* (i) In an effort to alleviate the risk associated to an idiosyncratic security (GME), there should be signs of increased use of GME-correlated securities as collateral. +* (ii) There should also be signs of increased correlation between these GME-correlated securities and GME, as their value as collateral increase with their correlation level. + +For (i) and (ii), the GME-correlated security researched will be ∀WC. + +* (iii) As the best possible collateral for GME associated risk, GME shares should also see an increased use as collateral + +&#x200B; + +* **D) INITIAL DATA ANALYSES** + +Additionally to clearing derivatives transactions, the OCC also organizes a stock loan program, whereby its Clearing Members can borrow shares directly from any DTC members. The goal is to allow : + +>Clearing Members to use borrowed and loaned securities to reduce OCC margin requirements by reflecting the real risks of their intermarket hedged positions ^(★6) + +This Stock Loan Program (previously known as "Hedge Loan") is supplemented by a second stock loan scheme named "Loan Market" where the OCC connects its Clearing Members to available shares on the Equilend Clearing Services (ECS) Alternative Trading System (ATS). ^(★6) + +My understanding is that, because the Loan Market has more intermediaries involved, the fees could make it less attractive than the OCC-DTC Stock Loan Program. Perusing data confirms that the vast majority of loans are of the OCC-DTC Stock Loan Program type. + +The below charts use data from those stock loan programs, as reported by the OCC itself. Where the loan scheme is not specified, the data is for the aggregate. + +Also included in the below charts are some Implied Volatility data from Quantcha via Alpha Query ^(★7) + +*Note on correlation data and analysis* : + +* Implied Volatility Skew: A measurement that quantifies the difference in implied volatility of options at lower and higher strike prices. +* Implied Volatility (Mean): The forecasted future volatility of the security over the selected time frame, derived from the average of the put and call implied volatilities for options with the relevant expiration date. +* 500 days rolling is used because the STANS uses 500 business days of data to build its Copula.^(★4) + +&#x200B; + +[ OCC Stock Loan balances in USD ](https://preview.redd.it/lzsxwp3aw2g81.png?width=2105&format=png&auto=webp&s=bbca5712749687d90d9c8ff4931eba89f4e56f3f) + +In this Chart, the bars represent the total loan balances in USD issued through the two combined OCC sponsored stock loan programs : "Stock Loan" and "Loan Market". GME loans are red, ∀WC are Orangish-Yellow. We can see from this chart that around mid August 2020, the loan balances for both stocks begin to trend differently. There was about 50M in stock loans for each stock then. Correlation in stock price also begins to decrease. + +Stock Loan balances peak on January 27th. Here is a table of what happened during that week + +|DATE|GME Loan Balance (USD)|∀WC Loan Balance (USD)| +|:-|:-|:-| +|Jan 25 2021|2,377,597,341|172,335,875| +|Jan 26 2021|3,967,296,729|265,261,650| +|Jan 27 2021|7,370,134,830|1,042,731,025| +|Jan 28 2021|2,083,683,558|467,106,925| +|Jan 29 2021|1,459,381,403|573,407,207| + +It can be noted that the GME loan balance \~triples whereas the ∀WC loan balance jumps almost ten folds. + +Interestingly, in that same period, price correlation bumps from the negatively correlated score of -0.129939292290387 to the low positive score of 0.077557722237023. + +(A score of 1 means perfectly correlated. 0 means no correlation. -1 means inversely correlated). + +This is a 0.207 correlation score jump in 1 week/5 continuous trading days. (!) + +Most interestingly, despite GME remaining higher priced, most volatile and thus arguably requiring the most collateral, ∀WC loan balances will surpass GME's beginning Feb 3rd 2021 and will remain so to this day. Price correlation smoothly improves back to the 0.8 range. This data proves - at least tentatively - hypotheses i) and ii). + +&#x200B; + +[ GME shares loaned through the OCC stock loan programs. ](https://preview.redd.it/i9yv844dw2g81.png?width=2124&format=png&auto=webp&s=dfa16e93bdb7573efcec2eeaf0a8bd4669901387) + +This is a GME only chart. Displayed in bars are the approximate total number of shares loaned (share loan balance divided by close price) through the two combined OCC sponsored stock loan programs : "Stock Loan" and "Loan Market". When loans include shares from the presumably more expensive Equilend "Loan Market" the bars are orange. This happened mostly in 2020, including in December 2020 all the way to, and including, January 29th 2021. It again occurred briefly April 7th and 8th 2021 and January 27th and 28th 2022. + +Of note is that the total number of loaned shares peaked at \~35M on January 13, have been sub 1M since March 3rd 2021, dropping slowly to the 100k or below range in December 2021, before coming back up recently to around 500k-600k range. + +I think this chart clearly disproves the hypothesis of an increase usage of OCC sponsored GME shares loan as collateral for the purpose of OCC margin requirements. The dramatic drop and almost flat-line of 2021 brings up the question of *how* the short entities are collateralizing their positions : + +* GME shares owned outright (unlikely, would show in 13F filings) +* GME shares private loans (Judging from initial NPORT filings analysis, the reported loan amounts seems grossly insufficient) +* Hard cash and other securities - perhaps highly correlated securities (additional researched needed) +* Derivatives (This would fall outside the remit of the OCC(?) More research needed). + +&#x200B; + +I remain open to ideas and criticism. + +\-S- + +**Sources** + +* (★1) [https://www.theocc.com/Clearance-and-Settlement/Clearing](https://www.theocc.com/Clearance-and-Settlement/Clearing) +* (★2) [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) +* (★3) [https://www.theocc.com/Risk-Management/Margin-Methodology](https://www.theocc.com/Risk-Management/Margin-Methodology) +* (★4) [https://www.sec.gov/rules/sro/occ/2020/34-90763.pdf](https://www.sec.gov/rules/sro/occ/2020/34-90763.pdf) \- Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change Concerning The Options Clearing Corporation’s System for Theoretical Analysis and Numerical Simulation (“STANS”) Methodology Documentation - December 21, 2020 +* (★5) [https://www.math.nyu.edu/\~avellane/ICEBERG\_BDF\_2016.pdf](https://www.math.nyu.edu/~avellane/ICEBERG_BDF_2016.pdf) \- Risk Management of Large Option Portfolios via Monte Carlo Simulation - Marco Avellaneda - 2016 +* (★6)[https://www.theocc.com/Clearance-and-Settlement/Stock-Loan-Programs](https://www.theocc.com/Clearance-and-Settlement/Stock-Loan-Programs) +* (★7) [https://www.alphaquery.com/stock/GME/volatility-option-statistics/10-day/historical-volatility](https://www.alphaquery.com/stock/GME/volatility-option-statistics/10-day/historical-volatility) +Just wanted to let my follow apes know, my father works for one of the biggest home builders in the US. Their current guarantee is if the price falls while under contract, they will adjust at closing for the buyer, to ease concerns. This is a major indicator of the housing market tanking. + +Stay jacked my friends +Happy Day before Market open everyone! + +That's right tomorrow trading resumes on probably the best stock around, and I'm gonna cover what I think it might do. + +If you guys haven't gotten a chance check out [my interview with Houston Wade](https://www.youtube.com/watch?v=n-kxyyUweyI) this last week, the feedback has been pretty positive and it was nice to sit down and talk stonks with someone who is also bullish on GME. + +This Wednesday, the 11th at 4pm EDT/UTC-4 I will be sitting down with Jaime from over at Tradespotting for an hour or two after market close. + +I know a lot of people might disagree with these moves, but I think it is important to get the word out about GME. If traditional media continues to cast GME in a negative light there should be some content out there that highlights GME in a way that logically supports the short squeeze thesis and is easily digestible by the public. If Mo', Kohrs, and Trey can slide bananas into each others DMs all day for the popcorn stock. Then there is no reason GME content creators should not be doing the same. + +While new apes should always be referred to these subs to gain a basic understanding of the stonk, it's potential, market manipulation, and systemic abuse that surround it. Recent data shows there are a lot of apes out there that may not know of these communities or have access to the information within them. + +I hope by doing these "fireside pickle chats" we can spread the word to more hodlers. + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. This will be uploaded by... + +9pm EDT/UTC-4 + +and now the crayon drawings you all came here for... + +# Part I: Technical Analysis + +**Section 1: Previous Analysis** + +So the first thing I wanted to go over was last weeks TA where it failed and where it didn't so you guys can have a little bit more continuity in these posts. I was looking for a double bottom bounce on that 162.50 resistance this had a potential to fail of 21.45% and we ended up following the more bearish possible trend. We did however find support and possibly a bounce on that lower ascending resistance. I'm gonna wait for more price action this week to come in but based on the option chain, buy pressure at 148-150 is too high for them to drive it below that resistance, which is a strong indicator of a bounce buy > sell = bounce. + +[Previous weeks TA and how it played out](https://preview.redd.it/easjafhk86g71.png?width=1751&format=png&auto=webp&s=b0581b54a73463850e0871ce2d66df7c0bd337ef) + +**Section 2: The Ascending Triangle** + +So now we are gonna take a look forward at where I expect this weeks action to take us. We have turned around pretty close to the long term trendline that support the ascending triangle formation so I expect this bounce to pick up some steam this coming week but will outline the possible downwards price action none the less. + +[Forward looking TA for this week on the 1D timescale](https://preview.redd.it/tbtwt8eqa6g71.png?width=2465&format=png&auto=webp&s=cf7eade31bcf7d6165f48dd0b51f702c240d7ddd) + +So I tracked possible price action of bounces on this same trendline in the past and one major difference I want to not is that due to our current volume these may not reflect as accurately as I would like, but I think they can still give us a reasonable look at where we may be headed. + +Bullish Trend Prediction: + +[Bullish trend prediction on the 1D Timescale](https://preview.redd.it/4iqo91uub6g71.png?width=2455&format=png&auto=webp&s=8105a97d574e43d53ea3c0770c102a507234ee6c) + +Bearish Trend Prediction : + +[Bearish trend prediction on the 1D timescale](https://preview.redd.it/uyxt5qwjc6g71.png?width=2451&format=png&auto=webp&s=8bf768e18245c0313a46cd6ab2dfddc9a32d4eb3) + +So this week actually looks like a bit of a coinflip as to where we will end up both trends have about an equal chance of playing out based purely on the TA. Additionally, if the bounce fails we could chop along that lower resistance for about 3 days until we get more confirmable upwards action. + +[Possible chop on low volume 1D timescale](https://preview.redd.it/5k5yxhend6g71.png?width=2456&format=png&auto=webp&s=8d1ffd0261e4f5d16f3f48568a1fd997fa1b4434) + +So let's take a look at some other indicators and see if we can get a bit more insight into which trend is more likely to occur. + +**Section 3: Other Indicators** + +**MACD** + +So last week we were taking a look at a false signal that got thrown on MACD after the first share offering and were expecting a bit of a repeat of that pattern before we saw any upside. + +[MACD on the 1D](https://preview.redd.it/atmkby1lf6g71.png?width=1772&format=png&auto=webp&s=c3e5753ff8da731da5338479be5b2311a3c513f0) + +It looks like we have 1 maybe 2 days of flat or slightly down before we flip to the upside if the false signal pattern is repeated. + +Something to note, we have already crossed over on the 4h timescale and it is very possible that this move will soon be reflected on the 1D. + +[MACD on the 4h showing a bullish Crossover](https://preview.redd.it/9k45mlp1g6g71.png?width=1766&format=png&auto=webp&s=a321d2a17c47d92fecccfbd8c5fd9507da892770) + +**Stochastic RSI** + +Still trending up on this signal the D% has now started to move up out of overbought and is signaling momentum to the upside with quite a lot of range. It does look like if we repeat the pattern from the previous cycle we may see another day or so of sideways action . + +[Stoch RSI on the 1D](https://preview.redd.it/c32228apg6g71.png?width=1771&format=png&auto=webp&s=72269a3386537e160fa3fe767bff3d0a75cbe9f2) + +**RSI** + +RSI-6 moved up out of it's second lowest dip since the share offering this year and is showing some consolidation right at oversold (30.33). + +RSI-14 Bounced of of it's lowest dip since February of 2020 (29.95) just under oversold, and is also showing a bit of consolidation. + +Both of these seem to be showing a day or two of consolidation before a move upward. + +[RSI on the 1D](https://preview.redd.it/v6g1am3th6g71.png?width=1765&format=png&auto=webp&s=4f79f9f8200080315dd9356ce6949933c894744c) + +**Section 4: TA Conclusion** + +Based on the analysis and factoring in the indicators here it looks like we are most likely going to consolidate for the next 1-2 days between 150-162 before seeing a move up to test 180. + +TLDR; even the possible downtrend looks pretty good this week + +# Part II: The Market + +The market is continuing to look unstable as it remained mostly flat this week. There looks to be some prepping by large banks to get ahead of a possible collapse, which can be seen in BOA's issuance this week of $123B in bonds and JPOW's announcement of the failed liquidity tests, requiring banks to post another trillion each in additional liquidity, to support margin requirements. + +On the bull side of this the infrastructure plan has cleared the senate and could continue to prop up the current bull market sentiment for a while longer, as the federal government continues to attempt to fix fundamental issues by throwing more liquidity at it. This can still further increase possible future inflation even though it may prevent a correction or crash for a while longer. It will also likely lead to a further increase of the P/E 10 which we will cover in a second. + +So let's take a look at the SPY this week not a lot has changed since it has mostly traded flat it has continued to move further away from the chance at regaining it's long term trend. + +[SPY and possible correction zones moving into this week 1D timescale](https://preview.redd.it/bendzapsj6g71.png?width=1756&format=png&auto=webp&s=bfe8c8b65c9fc39656449a34e2d13ce3d7a3f6aa) + +The Schiller Index or P/E 10 now sitting at 38.54 up .36 this week and the highest since I started tracking it. With the infrastructure plan coming in I expect we may reach or surpass the dotcom bubble shortly. + +[P\/E 10 up .36 from last week](https://preview.redd.it/egmabl6wk6g71.png?width=1016&format=png&auto=webp&s=5403508e8ae29ebbd162f67ece3703d448176d45) + +# Part III: Conclusion + +With more bullish sentiment about to be dumped on the market from the Infrastructure Bill. It appears SHFs who may have been banking on a market crash to increase their net capital (possible theory for the amount of capital dumped into "can kicking") and possibly shake some paper hands, are shit out of luck. GameStop is definitely looking bullish this week probably testing 180 and possibly closing the week at that resistance. IV on OTM contracts has been picking up on GME as well which means MM's are also expecting an upside move. With our liquidity the way it is and bid/ask spread getting wider every day a solid break of 180, on good volume, could have **violent upside potential**. + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on our community [Discord](https://discord.gg/BGmjnrvHnw) + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I've had the same Landlord for about 3 years now. He's always been very good to me, and once I got married he has been nothing but helpful to myself and my wife. We moved from one of his rentals to another one a couple of years ago. The house we moved into was nowhere near ready, but we helped out by installing new floors, finishing the bathroom, painting, and many other things to help keep improve the house while we've been living here. He has become very fond of us. + +Sadly, he has begun the process of a divorce. He's emotionally in a very bad place, and he apparently just tried to have a talk with one of his son's and it didn't go well. So, this morning he came by and had a proposition for us. + +He is reworking his will, and he wants to put us into the paperwork. He has two sons, and one will get his house up the road. He's had a falling out with the other one, who doesn't want anything from him. He would like to leave the property that we're currently living in to us. "I like you two, and anything I can do to give you two a boon feels right to me," he said. + +This has a fair amount of land, a double wide with a small room addition (where we are,) and a large two story garage, which is a commercial space where he runs a mechanics business, as well as a car lot. He's very respectable and fixes up cars, and sells them for a very honest price. He doesn't take financing, and cars are all under $5k, in good condition. The "used car dealer sleezeball" image doesn't apply to him. + +Anyway, upon his death we would get the buildings and land, apparently worth about $300k, and all of the tools and equipment in the garage (which he says is worth about $100k) as long as we pay in $10k per year for 10 years. + +He also takes care of an elderly woman across the street who lives in another one of his properties. So, if she decides that upon his death she still wants to live there, she has the choice of either buying the property and taking care of it all herself, or paying us $450 per month to take care of her bills and to shovel her snow and lawn and other repairs. + +I have the following list of questions, but I want to make sure I've not overlooked anything. + +1. How much land is on the property? +1. What are the zoning lines/laws for the area? +1. What are the property taxes? +1. What happens if we have to sell before the neighbor dies/moves? +1. Any other bill information for state/city/municipal? +1. Estate fees paid to the bank/state/family? Interest payments? +1. Rental information: What if we wanted to rent out the car garage to someone else? + +1. Would we also be getting the land that the elderly woman lives on? If not who owns that if she doesn't decide to buy it? + +There must be many questions that I haven't thought of, but I hadn't even considered any of this until this morning when he stopped by. + +The hardest part is that he wants to be able to have this decision made by Tuesday. Monday is a holiday in the USA, so there's not any time to check into this by asking around anywhere in the mean time. + +Help me out Reddit. My wife and I are kind of dumbfounded by all this. + +Edit: New information. My wife tells me I wrote it down wrong. It seems that the 10k per year would be to his granddaughter in the event that he dies. So we're not paying in until he actually does die. + +Edit 2: You are all giving amazing advice. The suicide angle was the absolute first thing that came to mind, however if that's the case then our decision of yes or no probably won't factor into what he decides to do with his life. That's a separate type of thing. + +**Edit 3: Result:** After a lot of thinking, and taking into consideration all that has been said here, as well as talking with some family members, we decided to agree to let him put us in his will. + +Now, he's a smart man, and has a good lawyer. Our landlord has set up a Living Trust in order to make sure that we get the property, and his family and wife can have absolutely nothing to do with it. He also said that of the $100k, half of that is debt, and the other half will go to his grand daughter. So, as long as he's alive he'll be paying down 50 grand. So that's cool. + +As far as the neighbor, there's an escape clause set in the trust that says that if there is absolutely any dispute, we win, and she'll have to move, because that's just how life is. + +So all in all I think this was a good decision. My wife and I have no immediate plans to move, and we really do like our Landlord, and will certainly take care of his property well in the future. + +He's also said that he knew that he was having a hard time, and has sought help, so I'm not so worried about him as I was before. + +Thank you all for the helpful advice. I'm glad that this sub exists, and that there are so many thoughtful, and intelligent people who were willing to put their thoughts into the mix. It was a very overwhelming decision for me. Reading all of the perspectives here certainly helped to keep me grounded, and calm. +I was just thinking about how I got into projects like Avax, Sol, FTM, and ADA early enough to see a really nice profit. And all in all my portfolio is up enough that it is screenshot worthy. + +But the thing is I have absolutely no idea what I am doing. It feels like I’ve just been throwing money into Cryptos just based of Reddit, Twitter or Youtubers tell me to buy. My research for Sol consisted of seeing a long Reddit post on this sub of someone shilling it and the thing was I didn’t even read the post. I just looked at the length and thought if this guy went through the effort to type this long of a post it must be a good investment and a bought a couple thousand worth. A lot of my other positions in my portfolio are very similarly purchased. + +Don’t even get me started on the tech, at least half the positions in my portfolio I couldn’t even tell you what they do or their use case. I just know I have made money off it + +The saying that everybody is a genius in a bull run is sooo true. Any idiot can just make money right now(source: an idiot) + +So to this sub that are not smooth brained like me, how do I go about doing your own research? + +I think I’m going to take some profit and consolidation into stables right then just stick with BTC and ETH till I figure out what the hell I’m doing. +Hello whoever took the time to read this. I don’t really know how to start this, but whatever I just really need to vent and have someone listen. +I was slapped with the hand of reality yesterday after a fight with my girlfriend. She’s felt that since I’ve started trading which was a little over a year and a half ago, I’ve become less patient & irritable. Ultimately being the reason why our relationship has been falling apart. + +I’m the type of person that when I get really into something, I try to be the very best at whatever it is. Thus this is the mindset that I took when learning the ins and outs of trading options. +Like most, I started out on Robinhood, and as I felt more comfortable I opened an account with TD Ameritrade. I started with around a thousand dollars which coming for me is a kind of a stretch for me at the time. + +Fast forward I became absorbed by the markets & trading. On the weekends I researched and planned plays for the week & I couldn’t wait for Monday to get back in there and trade. I love trading, it excites me it’s fun, it makes me feel like I’m doing something with my life. However, the emotions that came with it seemed to take a toll on me & my relationship. The losses would impact the mood for the rest of my day, I would just be really upset at myself for not being smarter. She would constantly support me day in and day out, (not financially, but emotionally) +I would take time off to get my head straight and then give it another go. + +Nonetheless, history repeats itself & nothing changed. I’d still get upset with myself over the losses & would start to sell some of my personals to make enough to keep trading. I know I’ll probably get shit for having a gambling addiction, I just would have the mindset of not quitting, and not giving up. Not wanting to become a failure... + +All said & done, she finally told me that giving up trading all together was just not for me, & i just feel useless. Aside from working my shity job, I don’t have anything that I can put my mind and energy into that makes me feel productive, and good, like I’m working towards something. + +Tomorrow is Monday & im dreading it because my mornings from now till God knows when are just meh. + +Thanks for reading. + + +*Edit* +This gained way more traction than I anticipated woah. I really appreciate the support throughout the replies it actually means a lot, thank you honestly. +I’ve also got a gut feeling I’m getting let go from my job this week & everything feels pretty numb.. +If what you’re thinking is I’m just going to fall back to the very same reckless acts of unintelligent trading now I’m not, I just don’t know what to even feel anymore. +Just saw this article on CNBC. Absolutely no mention of FIRE. Reminds me of how little penetration our FIRE ideas have had in the financial planning community. + +[CNBC link](https://www.cnbc.com/2017/11/17/youre-probably-not-saving-enough-for-retirement--and-thats-ok.html) +Email just landed: + +"Good news – we're increasing the Chase saver account interest rate from 1.5% AER (1.49% gross) variable to 2.1% AER (2.08% gross) variable, effective from 24 October 2022." +**Seriously. Just pause for a second.** + +It's absolutely absurd. Over and over I watch as **MSM demeans and dismisses retail** as ignorant, while **pandering to those with money and power.** + +The exception being **Ryan Cohen**, an activist investor with **"the value proposition of delighting \[his\] customers,"** who is loathed for aligning himself with retail. + +How can you hate someone who is **trying to delight their shareholders and customers**? That's the definition of a **great business leader**. It's insane. + +**This is all the confirmation I've needed for nearly 2 years. And that's why I hodl. It's a big club, and you ain't in it.** +Big reader first poster - 40yr old office worker with family pursuing FI. + + +There have been a lot of redundancies at my company during the last 12 months. But the ones that really struck me were the men and women in their mid fifties. They were mostly middle management and people who have definitely been out of the ‘doing the work’ type jobs for a while. Now, as I watch the rehires, i don’t see many from that age bracket and none that are older. + + +These are just my observations and I find it pretty hair raising, for me mid-fifties isn’t too far away (kids seem to speed up time) and what I’ve seen has driven us harder towards achieving at least a frugal level of financial independence by age 50ish. But that doesn’t help the people who were planning to work for another decade and lost their jobs. + + +I’d be interested to hear what you guys have seen. Is it more difficult to get rehired mid fifties or as an older worker generally? Or maybe a better question - what can people do to mitigate against losing their jobs as they age (apart from emergency fund)? +And we got in when we had to. People think the squeeze is coming? The peak may be coming but the squeeze has already started. It went from, what, $15 in January? To 10x+ today? + +If we did not act in January, the hedge funds would have already covered and gotten away. + +We have been trying to pin them down like a wrestling match this whole time while they wiggle and squirm and try to shake us off. There would be no squeeze if we came in at a later time. + +We were not early. We were just in time. You can even argue we were late cuz we still need to pick up our sibling apes at $480. But hell yes we were right. And we still are. +I understand that these are quite attractive now a days for parking funds and can be bought and sold anytime in NBDB free of cost. But how do they work - for example if I buy CSAV or PSA on Nov 1 for $5000, how will I earn the interest if I sell on Nov 25th? Will I get the interest in my account automatically daily or when I sell or at a certain point? What about the increase of decrease of ETF price during these 25 days, specially if markets zoom up or tank by 20%? + +Can someone please explain? +Hi, I'm looking for a bit of objective advice. + +I need to be out of my parents home by April 2021 and have a range of options available to me. + +I am thinking about buying a house rather than renting - I'm 23, earning around 23k, I have a deposit of £55,000 (if I put down absolutely all my cash). I am expecting my salary to effectively double in the next 2-3 years. + +My heart is saying buy as I think that renting is spending your own cash paying off someone else's mortgage. However, I am certain that my affordability will increase dramatically over the next few years, so I have the option to rent with a friend until then. In this scenario I will not be able to save as much, obviously. + +There is a possibility I could buy a small house now (approx. £150k) and upsize in 3-4 years. + +Has anyone else faced a similar dilemma, or have any advice/experience in this? +Hi there, + +Long time lurker, first time poster (throwaway account). + +I'm currently grappling with the question of how lenient I can be on my spending, and looking for a sanity check. I just turned 33, and have been relatively frugal for most of my 20s and early 30s. I was planning to loosen up a bit this year as I was expecting a big IPO, but those plans may be postponed now (thanks inflation, thanks Putin). I don't mind staying frugal, but the one thing I am anxious to splurge on is upgrading to a new apartment. I want to improve my work-from-home situation with more space, my significant other and I are planning to have a kid eventually, we want a dog, etc. + +Here's my situation: + +* I am managing about $300m across a few venture capital funds +* The company that is planning to IPO will likely lead to a carry (profits fund managers receive) pay out of anywhere from $10m - $30m after taxes. This is a solid SaaS business with around $100m ARR growing 100% YoY with \~0.5% churn, so I think I can assume it is a sure thing. The timing and size of the outcome are the unknowns now. +* I can probably expect $300K / year of the management fees (before taxes), depending on our hiring plans, for the next 9 years. We are in a good position to raise successive funds. +* One high class problem of VC is that we have to personally invest 1% of each fund. So most of the cashflow goes straight back into the fund. The carry takes a loooong time to materialize. +* Aside from my expected carry, I have a little over $3m in assets + * \~$1,200,000 in equities (\~$950K in indexes, \~$250K tech stocks) + * \~$1m in crypto (mostly BTC & ETH) + * \~$500K in cash + * \~$700K in illiquid investments into my own funds + +The location, size, and quality of the place I want will require rent anywhere from $10 - 17K / month (VHCOL city). I'm specifically looking at one right now that should cost me \~$150K / year. + +In the grand scheme of things, I can probably afford it. But what makes me nervous is the cashflow and the uncertainty of when the carry will materialize. I suppose if cash gets tight I can do a portfolio line of credit, or sell some positions, but that would suck. + +Should I wait? Just go for it? Fire away friends. + +Answers to questions that came up: + +* Current rent is \~$36,000, and other expenses are probably \~$40,000 / year +* Eventually I'll probably spend ~~\~$400 - 500K~~ \~$300 - 400K / year in FatFIRE +* I honestly love my job, so don't plan to retire for a while. I'll probably be at it for another 15 - 20 years +* I'm the founder of the firm, so you can assume here that I have 40%+ of the carry across all funds and understand how it will be distributed. +* For this post, I am only including carry from our first fund ($20m), which was small but we were fortunate to hit a mega home run (hence these numbers). I haven't included carry from any other fund because those are not as certain yet and a distraction for this discussion. The carry numbers here are what I expect to receive from this one fund. +33 yr old single male working at technology company. No kids. + +Have saved up enough to cover my expenses for roughly the next 7.5 years in after-tax cash account. Have enough in a Roth and 401k to extend that quite a bit as a last resort. + +If I stuck it out for another year, I would increase that 7.5 to about 9.5 years to give some perspective. + +Been working at the same company for over 10 years. Started out as a unpaid intern in 2009, the height of the financial crisis, and worked my way up to a steady six figures job on our management team. + +I've felt completely burned out for about 4 years now and have considered quitting countless times, sometimes considering new company/new job but I don't think its so much the job as it is just the pace. I've never taken more than a week break since I started the job and the cumulative stress has built up to a point where the only way to get out of the rut is by resigning with nothing else lined up. Be completely free from work obligations to recover. + +I used to think that if I just get through this year... Then it became this quarter... then it has become everyday I wake up thinking I just need to get through today. + +Honestly I was thinking that if I just stuck it out, I could be at least semi-retired by 40 but after 2020 I think its better to take a gap 6-12 mo. to refresh my perspective and get a renewed enthusiasm for life/work that I haven't had in years. + +I figure if I don't do it now, I may never do it and regret it. Life tends not to slow down... it only speeds up. + +Anyone on here actually taken that leap without the parachute of another job lined up? + +Honestly looking more for people that actually did regret it. The cautionary tales are the ones that often go unspoken. + +Thanks for your help! +Anyone got any advice? I've never lived alone before so don't know much about financial stuff. How much would one person need a month and year to survive? + +My parents won't be financially contributing. +https://www.bloomberg.com/news/articles/2020-04-16/robinhood-said-to-be-raising-new-funds-at-about-8-billion-value + +> Robinhood Markets Inc., the online brokerage that's suffered repeated outages during recent market turmoil, is close to raising new funding at valuation of about $8 billion, according to people familiar with the matter. +I am a small town barber and for the first time ever, I accepted crypto (LTC) for payment on a haircut! A client and I were chatting about crypto during his cut and I decided to ask if he wanted to pay in crypto for his service. He smiled wide and said “hell yeah!” +It’s not much but it feels like a part of the future here in a very small town. Might start to advertise that I will accept crypto as payment soon enough. It was both of our first times ever using crypto in a real world setting and it was seamless. Thank you for reading. +Sorry about this, I am not knowledgeable about accounting or finances. + +Is there a professional or service that will essentially sort out someone's personal finances **for** them? In this case it would be to check their credit and sort out any problems if they exist (with the blessing of the account owner), acquire documents for filing taxes, identify glaring problems, and verify they are in a good place financially going forward to meet various goals. The last step seems to be a financial adviser, but I don't know where the other tasks fit. + +This person makes a healthy income but needs help with the tasks listed above. They are financially comfortable now but had dire financial trouble in the past, hence the request for a final thorough look at their credit to ease their concerns (paranoia, imo). They face other challenges and stress at the moment, but I can tell this troubles them, which is why I specifically am wondering if someone/a service can do tasks on their behalf. + +They are in Canada. +Hi there. +So here is my background : I’m a 25-year old exotic dancer, who’s been stripping for a few years. I have a 710-720 credit score, $35k in savings and a cheap home in the South I purchased for cash. I claimed 65-75k on my last 2 years tax returns. +Right now I’d like to purchase a condo as my second investment property. I’m looking at 100-150k range. But I was wondering if I have any chance of getting a mortgage? I’m a make-up artist on my tax returns plus obviously, I claim an income from renting out that house. I do not have any 1099’s issued. +So what do I do? +UPDATE: The issue was a simple misread of our analog meter. I called my utilities company and it was pretty easy for them to adjust our bill! + +Hi everybody. We live in a 550 sq ft apartment, and our electric usage has increased from 189 kWh to *1187 kWh* in a month. Our bill has increased from $36/mo to *$198/mo.* + +Our habits are mostly the same except we swapped out a window unit AC for a fan. I plan on calling the power company tomorrow. I think I’ll ask them to send out a technician to check the meter. + +This is my first time dealing with a utilities issue so I’m not really sure what to expect. Our bill is due Jan. 4th and I’d like to get this straightened out before then in case there’s an error that wasn’t our fault. + +Does anyone have any advice? Side note: if there’s a better sub to post this in, please let me know! I just figured this one is good for stuff like this. Thanks in advance! + +EDIT: We have hydraulic baseboard heating, not electric, that’s included with rent as per the lease. + +EDIT 2: Our electric cost is pretty low because we don’t pay for hot water and gas for the stove is calculated separately. +Nobody here truly has any idea what they're talking about. Even I, like many others, was completely trashing DOGE on this sub when it was $.02, and I watched as it went up to $.70. + + +You can have the best tokenomics in the universe but it doesn't mean shit if people aren't hyped on it and buying it. Are you really buying crypto for the underlying tech or are you buying it with the hope that the value rises and one day you can sell it to someone else at a much higher price? Hype is invaluable. + +A coin like Solana has amazing technology behind it but you wouldnt buy it if it went down 98% every year since inception, even if it had the exact same technology. The smart people are here for the money, if we were here for the tech we would be DCA'ing into things like IPhones and not Crypto. +Hello there all. + +I am a mid-fifties woman who, due to a recent change in circumstances, have between £100 - £200 a month extra after all my bills, savings and daily needs are taken care of so I thought I'd try something daring (for me) and interesting with it. + +I would like to try investing. The trouble is, I've watched a number of Youtube 'gurus' who all seem to be plausible, confident and rather dogmatic individuals. Some of whom seem to be selling themselves as the product more than the advice they give. + +My question is - is there a Youtuber, blogger or writer that gives sound, experienced advice that you trust? + +It's quite bewildering knowing the sheer number of 'advisors' there are. + +What advice can you give a dilettante like me, in order to get going? + +Thank you. +I've been trading for about 5 years on and off and absolutely love it, but I've got to be honest, I've never really learned about risk and took it to heart so I never could make a living out of it. I've got a great win rate and believe in my strategies. + +Two mondays ago, I put 1000 into an account. +The most recent Monday, my account was as high as 140k + +I gambled on the open after the huge gap and I'm back down to my measly 1000. + +I've promised myself to use better risk management and trade sane lot sizes. I may never get wildly rich, but hopefully this time next year, I can say that I have more money than I do now. + + +Thanks for listening! +I have been forex trading for about 4 years now and have lost over $12k… You name it, I’ve looked everywhere and I can be certain that most of the problems are not focusing on what I have in front of me. Not even gonna talk about my poor risk management lol, if anyone can point me to the right direction I would love that. + +&#x200B; + +Thank you! +I found a duplex that I am looking to buy that is listed for 500k but has been on the market for over six months now. What is a reasonable price to offer without ending negotiations before they even start? I was thinking 400k without concessions or 410 with but would prefer not to offend them and end the talks before they even start. Rates have gone up quite a bit since they have listed it and I haven't seen any history of it being listed before or it having any offers so I am assuming they aren't getting much traction. +There exists a list maintained globally by the Financial Stability Board (FSB). The FSB was established after the G20 London summit in 2009 as a way to ensure stability of the global financial markets. + +Financial Stability Board: [Financial Stability Board - Wikipedia](https://en.wikipedia.org/wiki/Financial_Stability_Board) + +Every year, the FSB (no not the Russian spy) publishes a list known as the G-SIB, or the "[Global Systematically Important Banks](https://en.wikipedia.org/wiki/List_of_systemically_important_banks)". These banks are deemed so big and critical to the global financial infrastructure that their collapse could put the entire global economy at risk. + +This, my friends, in my opinion, is as safe a long-term dividend portfolio as you can get after Treasuries. + +In 2020, G-SIBs are made of the following banks: + +* Citigroup +* HSBC +* JP Morgan Chase +* Bank of America +* Bank of China +* Barclays +* BNP Paribas +* China Construction Bank +* Deutsche Bank +* Industrial and Commercial Bank of China +* Mitsubishi UFJ FG +* Agricultural Bank of China +* Bank of New York Mellon +* Credit Suisse +* Goldman Sachs +* Groupe BPCE +* Groupe Crédit Agricole +* ING Bank +* Mizuho FG +* Morgan Stanley +* Royal Bank of Canada +* Santander +* Société Générale +* Standard Chartered +* State Street +* Sumitomo Mitsui FG +* Toronto Dominion +* UBS +* UniCredit +* Wells Fargo + +With that, you now have a properly documented definition of "too big to fail". + +Each country, also maintains its own list of SIBs. These are called D-SIBs, or Dometic SIBs. For Canada, SIBs are the usual suspects you know who. + +Park some in one of these bad boys and forget it. Continue eating dividends for the rest of your life. + +*Disclaimer:"Might be right, might be wrong, might be ramblings of a madman."* +Hope this is ok to post and is close enough to personal finance. + +https://www.bbc.co.uk/news/uk-england-essex-59069662 + +Vaguely interesting article. Guy is working away from home for an undisclosed amount of time. While he is away, someone steals his identiy via DMV driving licence, and sells his house. Police weren't interested, claiming it was a Civil matter, but then may get involved via fraud enquiry. + +The bit which is confusing me is this statement in the article: +>Once the house was sold to the new owner for £131,000 by the person impersonating Mr Hall, they legally owned it. + +Can anyone explain that to me? How is it not some sort of variation on stolen goods, and the person who bought the house from someone who didn't own it is now out £131k? +Hi, + +I’m not an investor in Boeing, but today there are lots of reports about the recent crash which seem to pin the blame firmly on Boeing, but the stock price is up - which is not what I expected to see! + +What do you all think? + +Thank you for any thoughts! +Good Saturday afternoon to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning June 29th, 2020. + +# **Fragile economic recovery faces first big test with June jobs report in the week ahead - [(Source)](https://www.cnbc.com/2020/06/26/jobs-report-will-be-a-litmus-test-for-economy-as-investors-focus-on-surge-in-virus-outbreaks.html)** +***** +> The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp comeback in growth. +***** +> The first big test will be the June jobs report, out on Thursday instead of its usual Friday release due to the July 4 holiday. According to Refinitiv, economists expect 3 million jobs were created, after May’s surprise gain of 2.5 million payrolls beat forecasts by a whopping 10 million jobs. +***** +> “If it’s stronger, it will suggest that the improvement is quicker, and that’s kind of what we saw in May with better retail sales, confidence was coming back a little and auto sales were better,” said Kevin Cummins, chief U.S. economist at NatWest Markets. +***** +> The second quarter winds down in the week ahead as investors are hopeful about the recovery but warily eyeing rising cases of Covid-19 in a number of states. +***** +> Stocks were lower for the week, as markets reacted to rising cases in Texas, Florida and other states. Investors worry about the threat to the economic rebound as those states move to curb some activities. The S&P 500 is up more than 16% so far for the second quarter, and it is down nearly 7% for the year. Friday’s losses wiped out the last of the index’s June gains. +***** +“I think the stock market is looking beyond the valley. It is expecting a V-shaped economic recovery and a solid 2021 earnings picture,” said Sam Stovall, chief investment strategist at CFRA. He expects large-cap company earnings to be up 30% next year, and small-cap profits to bounce back by 140%. +***** +> “I think the second half needs to be a ‘show me’ period, proving that our optimism was justified, and we’ll need to see continued improvement in the economic data, and I think we need to see upward revisions to earnings estimates,” Stovall said. +***** +> Liz Ann Sonders, chief investment strategist at Charles Schwab, said she expects the recovery will not be as smooth as some expect, particularly considering the resurgence of virus outbreaks in sunbelt states and California. +***** +> “Now as I watch what’s happening I think it’s more likely to be rolling Ws,” rather than a V, she said. “It’s not just predicated on a second wave. I’m not sure we ever exited the first wave.” +***** +> Even without actual state shutdowns, the virus could slow economic activity. “That doesn’t mean businesses won’t shut themselves down, or consumers won’t back down more,” she said. +***** +> # Election ahead +> In the second half of the year, the market should turn its attention to the election, but Sonders does not expect much reaction to it until after Labor Day. RealClearPolitics average of polls shows Democrat Joe Biden leading President Donald Trump by 10 percentage points, and the odds of a Democratic sweep have been rising. +***** +> Biden has said he would raise corporate taxes, and some strategists say a sweep would be bad for business, due to increased regulation and higher taxes. Trump is expected to continue using tariffs, which unsettles the market, though both candidates are expected to take a tough stance on China. +***** +> “If it looks like the Senate stays Republican than there’s less to worry about in terms of policy changes,” Sonders said. “I don’t think it’s ever as binary as some people think.” +***** +> Stovall said a quick study shows that in the four presidential election years back to 1960, where the first quarter was negative, and the second quarter positive, stocks made gains in the second half. +***** +> Those were 1960 when John Kennedy took office, 1968, when Richard Nixon won; 1980 when Ronald Reagan’s was elected to his first term; and 1992, the first win by Bill Clinton. Coincidentally, in all of those years, the opposing party gained control of the White House. +***** +> # Stimulus +> The stocks market’s strong second-quarter showing came after the Fed and Congress moved quickly to inject the economy with trillions in stimulus. That unlocked credit markets and triggered a stampede by companies to restructure or issue debt. About $2 trillion in fiscal spending was aimed at consumers and businesses, who were in sudden need of cash after the abrupt shutdown of the economy. +***** +> Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin both testify before the House Financial Services Committee Tuesday on the response to the virus. That will be important as markets look ahead to another fiscal package from Congress this summer, which is expected to provide aid to states and local governments; extend some enhanced benefits for unemployment, and provide more support for businesses. +***** +> “So much of it is still so fluid. There are a bunch of fiscal items that are rolling off. There’s talk about another fiscal stimulus payment like they did last time with a $1,200 check,” said Cummins. +***** +> Strategists expect Congress to bicker about the size and content of the stimulus package but ultimately come to an agreement before enhanced unemployment benefits run out at the end of July. Cummins said state budgets begin a new year July 1, and states with a critical need for funds may have to start letting workers go, as they cut expenses. +***** +> The Trump administration has indicated the jobs report Thursday could help shape the fiscal package, depending on what it shows. The federal supplement to state unemployment benefits has been $600 a week, but there is opposition to extending that, and strategists expect it to be at least cut in half. +***** +> The unemployment rate is expected to fall to 12.2% from 13.3% in May. Cummins said he had expected 7.2 million jobs, well above the consensus, and an unemployment rate of 11.8%. +***** +> As of last week, nearly 20 million people were collecting state unemployment benefits, and millions more were collecting under a federal pandemic aid program. +***** +> “The magnitude here and whether it’s 3 million or 7 million is kind of hard to handicap to begin with,” Cummins said. Economists have preferred to look at unemployment claims as a better real time read of employment, but they now say those numbers could be impacted by slow reporting or double filing. +***** +> “There’s no clarity on how you define the unemployed in the Covid 19 environment,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “If there’s 30 million people receiving insurance, unemployment should be above 20%. +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/h30byeH.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/gmaTq9q.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/lwXal2a.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/NF3zXpe.png))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/GxlZmlt.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/bCFRgYl.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/bcysKx4.png)** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/fVhp6Ao.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/Qdshdj1g/er1.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/Fzq57jSf/ipos1.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.postimg.cc/QNwWLCYC/upgradesdowngrades1.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.postimg.cc/Bbr827PH/upgradesdowngrades2.png))** + +***** + +# When Will The Economy Recover? + +> The economy is moving in the right direction, as many economic data points are coming in substantially better than what the economists expected. From May job gains coming in more than 10 million higher than expected and retail sales soaring a record 18%, how quickly the economy is bouncing back has surprised nearly everyone. + +> “As good as the recent economic data has been, we want to make it clear, it could still take years for the economy to fully come back,” explained LPL Financial Senior Market Strategist Ryan Detrick. “Think of it like building a house. You get all the big stuff done early, then some of the small things take so much longer to finish; I’m looking at you crown molding.” + +> Here’s the hard truth; it might take years for all of the jobs that were lost to fully recover. In fact, during the 10 recessions since 1950, it took an average of 30 months for lost jobs to finally come back. As the LPL Chart of the Day shows, recoveries have taken much longer lately. In fact, it took four years for the jobs lost during the tech bubble recession of the early 2000s to come back and more than six years for all the jobs lost to come back after the Great Recession. Given many more jobs were lost during this recession, it could takes many years before all of them indeed come back. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/06/6.26.20-blog-chart-1.png?ssl=1))** + +> The economy is going the right direction, and if there is no major second wave outbreak it could surprise to the upside. Importantly, this economic recovery will still be a long and bumpy road. + +***** + +# Nasdaq - Russell Spread Pulling the Rubber Band Tight + +> The Nasdaq has been outperforming every other US-based equity index over the last year, and nowhere has the disparity been wider than with small caps. The chart below compares the performance of the Nasdaq and Russell 2000 over the last 12 months. While the performance disparity is wide now, through last summer, the two indices were tracking each other nearly step for step. Then last fall, the Nasdaq started to steadily pull ahead before really separating itself in the bounce off the March lows. Just to illustrate how wide the gap between the two indices has become, over the last six months, the Nasdaq is up 11.9% compared to a decline of 15.8% for the Russell 2000. That's wide! + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062620-Nasdaq-vs-Russell1.png))** + +> In order to put the recent performance disparity between the two indices into perspective, the chart below shows the rolling six-month performance spread between the two indices going back to 1980. With a current spread of 27.7 percentage points, the gap between the two indices hasn't been this wide since the days of the dot-com boom. Back in February 2000, the spread between the two indices widened out to more than 50 percentage points. Not only was that period extreme, but ten months before that extreme reading, the spread also widened out to more than 51 percentage points. The current spread is wide, but with two separate periods in 1999 and 2000 where the performance gap between the two indices was nearly double the current level, that was a period where the Nasdaq REALLY outperformed small caps. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062620-Nasdaq-vs-Russell-Performance-Spread.png))** + +> To illustrate the magnitude of the Nasdaq's outperformance over the Russell 2000 from late 1998 through early 2000, the chart below shows the performance of the two indices beginning in October 1998. From that point right on through March of 2000 when the Nasdaq peaked, the Nasdaq rallied more than 200% compared to the Russell 2000 which was up a relatively meager 64%. In any other environment, a 64% gain in less than a year and a half would be excellent, but when it was under the shadow of the surging Nasdaq, it seemed like a pittance. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062620-Russell-1998-2000.png))** + +***** + +# Share Price Performance + +> The US equity market made its most recent peak on June 8th. From the March 23rd low through June 8th, the average stock in the large-cap Russell 1,000 was up more than 65%! Since June 8th, the average stock in the index is down more than 11%. Below we have broken the index into deciles (10 groups of 100 stocks each) based on simple share price as of June 8th. Decile 1 (marked "Highest" in the chart) contains the 10% of stocks with the highest share prices. Decile 10 (marked "Lowest" in the chart) contains the 10% of stocks with the lowest share prices. As shown, the highest priced decile of stocks are down an average of just 4.8% since June 8th, while the lowest priced decile of stocks are down an average of 21.5%. It's pretty remarkable how performance gets weaker and weaker the lower the share price gets. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/shareprices.png))** + +***** + +# Nasdaq 2% Pullbacks From Record Highs + +> It's hard to believe that sentiment can change so fast in the market that one day investors and traders are bidding up stocks to record highs, but then the next day sell them so much that it takes the market down over 2%. That's exactly what happened not only in the last two days but also two weeks ago. While the 5% pullback from a record high back on June 10th took the Nasdaq back below its February high, this time around, the Nasdaq has been able to hold above those February highs. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062520-Nasdaq.png))** + +> In the entire history of the Nasdaq, there have only been 12 periods prior to this week where the Nasdaq closed at an all-time high on one day but dropped more than 2% the next day. Those occurrences are highlighted in the table below along with the index's performance over the following week, month, three months, six months, and one year. We have also highlighted each occurrence that followed a prior one by less than three months in gray. What immediately stands out in the table is how much gray shading there is. In other words, these types of events tend to happen in bunches, and if you count the original occurrence in each of the bunches, the only two occurrences that didn't come within three months of another occurrence (either before or after) were July 1986 and May 2017. + +> In terms of market performance following prior occurrences, the Nasdaq's average and median returns were generally below average, but there is a pretty big caveat. While the average one-year performance was a gain of 1.0% and a decline of 23.6% on a median basis, the six occurrences that came between December 1999 and March 2000 all essentially cover the same period (which was very bad) and skew the results. Likewise, the three occurrences in the two-month stretch from late November 1998 through January 1999 where the Nasdaq saw strong gains also involves a degree of double-counting. As a result of these performances at either end of the extreme, it's hard to draw any trends from the prior occurrences except to say that they are typically followed by big moves in either direction. The only time the Nasdaq wasn't either 20% higher or lower one year later was in 1986. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062520-Nasdaq-table.png))** + +***** + +# Christmas in July: NASDAQ’s Mid-Year Rally + +> In the mid-1980s the market began to evolve into a tech-driven market and the market’s focus in early summer shifted to the outlook for second quarter earnings of technology companies. Over the last three trading days of June and the first nine trading days in July, NASDAQ typically enjoys a rally. This 12-day run has been up 27 of the past 35 years with an average historical gain of 2.5%. This year the rally may have begun a day early, today and could last until on or around July 14. + +> After the bursting of the tech bubble in 2000, NASDAQ’s mid-year rally had a spotty track record from 2002 until 2009 with three appearances and five no-shows in those years. However, it has been quite solid over the last ten years, up nine times with a single mild 0.1% loss in 2015. Last year, NASDAQ advanced a solid 4.6% during the 12-day span. + +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/9a3f9a9bcdec2658e277e355b7546afd/cc4a84325aa4bac2-f4/s500x750/7fb3b7511a3babffaf166b95698ee3d26b9fce6e.jpg))** + +***** + +# Tech Historically Leads Market Higher Until Q3 of Election Years + +> As of yesterday’s close DJIA was down 8.8% year-to-date. S&P 500 was down 3.5% and NASDAQ was up 12.1%. Compared to the typical election year, DJIA and S&P 500 are below historical average performance while NASDAQ is above average. However this year has not been a typical election year. Due to the covid-19, the market suffered the damage of the shortest bear market on record and a new bull market all before the first half of the year has come to an end. + +> In the surrounding Seasonal Patten Charts of DJIA, S&P 500 and NASDAQ, we compare 2020 (as of yesterday’s close) to All Years and Election Years. This year’s performance has been plotted on the right vertical axis in each chart. This year certainly has been unlike any other however some notable observations can be made. For DJIA and S&P 500, January, February and approximately half of March have historically been weak, on average, in election years. This year the bear market ended on March 23. Following those past weak starts, DJIA and S&P 500 historically enjoyed strength lasting into September before experiencing any significant pullback followed by a nice yearend rally. NASDAQ’s election year pattern differs somewhat with six fewer years of data, but it does hint to a possible late Q3 peak. + +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/9a56ad0dccb7029a9152a881572424d1/9349f852f8a4f51b-62/s500x750/fc4b4fc52d43524b6d2e5f24afe1a490d20e2846.jpg))** +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/5532ba3299f602fd188596114aed571c/9349f852f8a4f51b-91/s500x750/9c9f9c3f4b1e6be51e2e1bdba2a7cd66624a796b.jpg))** +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/b65eca042c2a1b99b072d84852a9ec79/9349f852f8a4f51b-9a/s500x750/b3bc6f76675d40182131deb2406e2f7ca1692f78.jpg))** + +***** + +# **STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 26th, 2020** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=_iVb1NaoMv4)** + +# **STOCK MARKET VIDEO: ShadowTrader Video Weekly 6.28.20** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=cNZKFf-m6eo))** + +***** + +Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- + +***** + +> * **$MU** +> * **$GIS** +> * **$FDX** +> * **$CAG** +> * **$STZ** +> * **$CPRI** +> * **$XYF** +> * **$AYI** +> * **$MEI** +> * **$UNF** +> * **$CDMO** +> * **$SCHN** +> * **$LNN** +> * **$CULP** +> * **$XELA** +> * **$KFY** +> * **$RTIX** +> * **$JRSH** + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.postimg.cc/3NK1JK2q/er1.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.postimg.cc/HnB2rf2k/ervol1.png))** +###### **([CLICK HERE FOR MOST NOTABLE EARNINGS RELEASES FOR THE NEXT 4 WEEKS!](https://i.imgur.com/XH4RkL4.jpg))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 6.29.20 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +> # ***Monday 6.29.20 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/uKFekV6.png)) + +***** + +> # ***Tuesday 6.30.20 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/6OL1zNs.png)) + +> # ***Tuesday 6.30.20 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/yrOF8X0.png)) + +***** + +> # ***Wednesday 7.1.20 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/X6CIUQJ.png)) + +> # ***Wednesday 7.1.20 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +> # ***Thursday 7.2.20 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/2dhu21m.png)) + +> # ***Thursday 7.2.20 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +> # ***Friday 7.3.20 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +> # ***Friday 7.3.20 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +# Micron Technology, Inc. $48.49 +> **Micron Technology, Inc. (MU)** is confirmed to report earnings at approximately 4:00 PM ET on Monday, June 29, 2020. The consensus earnings estimate is $0.71 per share on revenue of $5.27 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $0.40 to $0.70 per share. Consensus estimates are for earnings to decline year-over-year by 29.00% with revenue increasing by 10.07%. Short interest has increased by 7.6% since the company's last earnings release while the stock has drifted higher by 8.0% from its open following the earnings release to be 0.9% below its 200 day moving average of $48.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 46,037 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 8.4% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# General Mills, Inc. $59.21 +> **General Mills, Inc. (GIS)** is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.04 per share on revenue of $4.89 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.30% with revenue increasing by 17.50%. Short interest has decreased by 9.4% since the company's last earnings release while the stock has drifted higher by 2.7% from its open following the earnings release to be 7.8% above its 200 day moving average of $54.91. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, June 24, 2020 there was some notable buying of 8,573 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 3.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=GIS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# FedEx Corp. $130.08 +> **FedEx Corp. (FDX)** is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.42 per share on revenue of $16.31 billion and the Earnings Whisper ® number is $1.65 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 71.66% with revenue decreasing by 8.41%. Short interest has increased by 10.4% since the company's last earnings release while the stock has drifted higher by 43.9% from its open following the earnings release to be 7.6% below its 200 day moving average of $140.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 25, 2020 there was some notable buying of 1,768 contracts of the $145.00 call expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 7.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=FDX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Conagra Brands, Inc. $32.64 +> **Conagra Brands, Inc. (CAG)** is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.66 per share on revenue of $3.24 billion and the Earnings Whisper ® number is $0.69 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 83.33% with revenue increasing by 23.99%. Short interest has decreased by 38.3% since the company's last earnings release while the stock has drifted higher by 6.3% from its open following the earnings release to be 6.4% above its 200 day moving average of $30.68. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 3,239 contracts of the $29.00 put expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.7% move on earnings and the stock has averaged a 10.8% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CAG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Constellation Brands, Inc. $168.99 +> **Constellation Brands, Inc. (STZ)** is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.91 per share on revenue of $1.97 billion and the Earnings Whisper ® number is $2.12 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 13.57% with revenue decreasing by 13.69%. Short interest has increased by 20.8% since the company's last earnings release while the stock has drifted higher by 25.2% from its open following the earnings release to be 5.2% below its 200 day moving average of $178.34. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 9, 2020 there was some notable buying of 888 contracts of the $195.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 3.1% move on earnings and the stock has averaged a 5.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=STZ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Capri Holdings Limited $14.37 +> **Capri Holdings Limited (CPRI)** is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $0.32 per share on revenue of $1.18 billion and the Earnings Whisper ® number is $0.34 per share. Investor sentiment going into the company's earnings release has 39% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.73 per share. Consensus estimates are for earnings to decline year-over-year by 49.21% with revenue decreasing by 12.20%. Short interest has increased by 35.1% since the company's last earnings release while the stock has drifted lower by 56.7% from its open following the earnings release to be 44.0% below its 200 day moving average of $25.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 4, 2020 there was some notable buying of 11,042 contracts of the $17.50 put expiring on Friday, August 21, 2020. Option traders are pricing in a 10.8% move on earnings and the stock has averaged a 6.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CPRI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# X Financial $0.92 +> **X Financial (XYF)** is confirmed to report earnings at approximately 5:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.09 per share. Investor sentiment going into the company's earnings release has 25% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 55.00% with revenue increasing by 763.52%. Short interest has increased by 1.0% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 37.7% below its 200 day moving average of $1.47. Overall earnings estimates have been unchanged since the company's last earnings release. The stock has averaged a 4.9% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=XYF&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Acuity Brands, Inc. $84.45 +> **Acuity Brands, Inc. (AYI)** is confirmed to report earnings at approximately 8:40 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.14 per share on revenue of $809.25 million and the Earnings Whisper ® number is $1.09 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 51.90% with revenue decreasing by 14.60%. Short interest has increased by 48.5% since the company's last earnings release while the stock has drifted higher by 2.4% from its open following the earnings release to be 23.4% below its 200 day moving average of $110.25. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.2% move on earnings and the stock has averaged a 8.2% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=AYI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Methode Electronics, Inc. $30.02 +> **Methode Electronics, Inc. (MEI)** is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.77 per share on revenue of $211.39 million. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.19% with revenue decreasing by 20.53%. Short interest has increased by 6.2% since the company's last earnings release while the stock has drifted lower by 1.7% from its open following the earnings release to be 9.0% below its 200 day moving average of $32.97. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 18.4% move on earnings and the stock has averaged a 8.1% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MEI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# UniFirst Corporation $170.54 +> **UniFirst Corporation (UNF)** is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.17 per share on revenue of $378.28 million and the Earnings Whisper ® number is $1.25 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 52.44% with revenue decreasing by 16.63%. Short interest has decreased by 2.7% since the company's last earnings release while the stock has drifted higher by 14.1% from its open following the earnings release to be 8.4% below its 200 day moving average of $186.14. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 7.0% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=UNF&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great trading week ahead r/StockMarket. +"bUt HoW iS tHiS GmE ReLaTeD?" - be^(fucking)cause the GameStop NFT platform needs LRC to have it's protocol locked in and functional before it can drop the hammer. Bear with me. + +"BuT tHe PaRtNeRsHiP IsN'T OfFiCiaL" - ya well it pretty much is so **bear with me.** + +\--- + +There was a post last night on the Loopring sub by u\\greatgoogelymoogely explaining some unusual transactions from Daniel Wang's (LRC founder) and Steve Guo's (LRC CTO) ethereum wallets. It basically outlined and tracked some multi-million dollar LRC transactions. Some saw it as FUD, some were just confused. + +There was a great comment from u\\boristheblade223 explaining what this might mean; + +&#x200B; + +>My belief is these were transactions required by Loopring’s partners / clients to establish better transparency around Loopring’s treasury tokens (ie tokens that belong to Loopring) and balance sheet. +> +>Any legitimate partner / client would require solvency of the counterparty they’re dealing with. Imagine if Jeff Bezos held a bunch of AMZN in his personal account and basically said “trust me this belongs to Amazon”. That would be ridiculous. The big boys would never do business with Loopring unless these were secured. +> +>With these transactions I believe all the treasury tokens of Loopring’s has been consolidated and contractually (in the sense of both the partnerships as well as blockchain) deposited into an official ledger account address. +> +>Edit: ledger in the accounting sense, not the hard wallet (but wouldn’t necessarily rule that out). + +&#x200B; + +Yet the FUD remained. There was a follow up post shortly after made by u\\shark\_merman because the shills were out in force in the LRC community saying it was a rug pull/the owners were selling out/etc. Another great comment by u\\LinusThiccTips went further into detail. + +&#x200B; + +>Clearing up some wrong speculation I see people commenting here. By wrong I mean on a technical standpoint. +> +>My take for this is simple: +> +>\- Binance will soon enable LRC direct to L2 withdrawals. Btw, this has nothing to do with Layerswap, that's a 3rd party that has nothing to do with Loopring. +> +>\- Dan sent Binance 35M, and Binance moved that to an L2 wallet they control. They're essentially setting 35M LRC aside to support L2 withdraws. It's a large amount so whenever people withdraw from Binance to L2, there's no bridging necessary, the LRC is already on L2. +> +>\- When you withdraw from Binance directly to L2, Binance will send LRC from this 35M LRC wallet to your L2 wallet +> +>That's it. +> +>What this is not: +> +>\- A stress test. Stress testing means a large amount of transactions, not a large amount of tokens in a single transfer. +> +>\- Using Binance to bridge it over because they have "connections with the Chinese" and maybe Binance has a better bridge available +> +>\- Dan dumping his LRC + +\--- + +Now, all that LRC drama happened **yesterday**. I made 2 50% serious posts **today** about GameStop's Tweets; the first showing a finger on a bomb trigger that said '*armed*' and the second directly referencing '*Tuesday*' in the description with the text '*good night good luck*'. My seriousness level just unironically jumped to 69%. + +There was also a post today here on the stonk outlining the Loopring GitHub 'Web V2 milestone *Main Feature Release* \- completed' update. That happened about 1030am EST today, Jan 18. + +So, how is this all related? Well, let's put all of the recent events into one thought; some **large** sums of money (\~35M LRC \*edit - coins not $, as per u/[**Terrible-Sugar-5582**](https://www.reddit.com/user/Terrible-Sugar-5582/)) have been moved that seem to align with what many have speculated to be the rollout/preparation plan. LRC protocol has been updated. GameStop tweeted some titillating tweets. SLD concerns in the markets. FTD concerns in the markets. Markets relatively red across the board. Bonds teetering on collapse. + +\*edit thanks to u/civil1 \- Also Daniel Wang's checkmark tweet this morning. + +My point? I'm pretty confident things are wrapping up, meaning an announcement is imminent. (see flair) +I recently turned 18 and was already thinking about stocks that provide dividends. I am thinking that if I invest in stocks that pay monthly dividends, by the time I turn 25 I will have snowballed all the stocks I have invested in and will get high returns, and will be able to retire by the age of 25. well, this sounds like a perfect dream and I feel like there are many shortcomings that an inexperienced trader like me is not able to see. so please tell me what I am doing wrong before I incur massive wallstreetbet level losses. +As mentioned previously, I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + +# Random ASX Stonk of the Week - Week 6: + +**Company name:** Quantum Health Group + +**Ticker:** QTM + +**Industry:** Healthcare + +**Headquarters:** Sydney + +**Market cap:** $67m + +**Current share price:** $0.06 + +**P/E ratio:** 12 + +**1-year Performance:** \+100% + +**What they do, smoothbrain version:** provide machines to shoot you with radiation & determine how unhealthy you are. They're also into pumping hot water and shit, for some reason. + +**What they say they do, wanky version:** "An ASX listed, leading healthcare company operating throughout Australasia specialising in the distribution of state of the art medical imaging and patient treatment equipment and services." 🍆👋 + +**What they do, actual version:** Quantum is a weird one, in that they've pivoted hard from what their original core businesses was - the provision of residential & commercial solar-powered heat pumps - to their new main focus on the distribution of medical equipment. + +It's one of the stranger about-faces I've seen, with the legacy of their "environmental division" still visible - [https://www.quantumenergy.com.au/](https://www.quantumenergy.com.au/) \- but increasingly de-emphasised in all their company reporting, mission statements, and general revenue (even though their legacy energy website pisses all over their healthcare one). It was a drag on revenue financially for a while, but has now taken a back seat to their healthcare division in general. + +In the present day, the bulk of their income comes from the distribution of medical devices that cover a range of purposes - everything from digital x-ray systems, to acne treatment, to CT scanners and more. This happens via a number of notable partnerships they have with non-shitty companies like Samsung, Phillips and a bunch of lesser-known medical-specific businesses that randoms like us would have never heard of. + +A lot of it also stems from their service division - a mix of software and support for the devices and their upkeep - which brings in annual/contracted revenue that's ongoing and consistently growing. This also gives them a toe dipped into the "med-tech" side of things, with a cloud-based app & web software for support and servicing. + +Their core market is Austral-Asia; while they're Aussie (Sydney-based), a major chunk of their revenue comes from countries like South Korea and Thailand, and a handful of other SEA countries to which they're continually expanding. + +They employ over 180 people, the bulk of which are service staff, and their current CEO John Walstab has been in management of the company for over 18 years. + +**What looks good:** + + +* Made a couple of recent acquisitions that brought in enough revenue to offset their Covid-related losses, resulting in increased profits during what would have otherwise been a big down period + +* They earned enough revenue to NOT qualify for JobKeeper, so their financials/gains are relatively "pure" compared to those of a lot of the other noisy companies during the last year + +* The company is HEAVILY insider-owned; CEO Johnny boy himself owns a hefty 45% while the rest of the insiders make up around 85% of ownership. That's pretty insane, with the public only having access to around 14% of available shares - you'd thus think its entirely in their best interests to pump up growth as much as possible. + +* They were able to reduce debt even during said Covid period; not by a majorly significant amount, but still a good sign. + +* Despite being around for a while, they're not just resting on their laurels; they continue to make acquisitions to expand to new regions, with Vietnam & the Philippines being added in the last 2 years, with access to higher profit margins in these regions. Both of these should start reflecting more profits in their upcoming reports. + +* When they've had regular, non-Covid and non-acquisition-focused operational years, they've demonstrated an ability to bring in pretty big jumps in revenue. This could mean their next report - or next-next report - lead to a share price hike as the market catches on. + +* While their environmental division has typically been a notable loss-maker, it actually saw some mild growth over the last half to make it less of a shitty anchor on the business. + +* Medical imaging is a "never-goes-out-of-fashion" industry; it's always necessary + +* They don't pay a dividend: while some would say this is a negative, as we've said before, companies of this size should be putting that cash into growth if they ever want to get anywhere significant, not paying pissant dividends to keep boomers happy. + + +**What doesn't look good:** + + +* Revenue / EBITA growth has been pretty erratic over the past couple of years; while some of this is due to money being used for acquisitions, their last notable "rocket" year was 2018. + +* NPAT growth of 7% is not going to get anybody here's panties particularly wet; Rocket Potential Rating (RPR) is hard to gauge + +* A chunk of their expenses were previously "travel and entertainment" related, aka wasting money on lunches and business trips, which Work from Home may have only cut down on temporarily. + +* They still have a fairly large amount of short-term debt for a company of their size, despite recent deductions. + +* Lack of shares on issue means it can be illiquid, and experiences pretty low trading volume. Not one for the day traders. + +* Their current website for their "flagship" healthcare division is pure ass, and they should be embarrassed. + +* They spelt "visibility" wrong in their annual report. + +**Overall rating (strong buy/buy/hold/avoid):** while fundamentally this is a "good" company, it's a bit hard to get a decent grasp on what a 'regular' year of revenue for them is going to look like given all the noise over the past couple of years due to both acquisitions and Covid. It seems in good health and on the right path, and given the massive investment by insiders you'd think they'd be doing everything in their power to make themselves bank. + +The lack of liquidity could be a positive or a negative depending on what you're trying to achieve; I don't see any obvious reason for the share price of this company to go down, and it's vastly outperformed its sector over the past year. However owning it in a period when it drops, and looking to trade QTM may just lead to a situation where a handful of bagholder are passing shares back and forth amongst one another. + +There's no real reason why it shouldn't be re-rated to \~10c or so in the near future given its fundamentals; however we've said similar things on here about solid companies like AVA which have reached a peak and then sputtered around that price, so if you're the impatient type you may want to AVOID and look elsewhere. + +**MarketIndex page:** [https://www.marketindex.com.au/asx/qtm](https://www.marketindex.com.au/asx/qtm) + +**Website:** [https://qhealthcare.com.au/](https://qhealthcare.com.au/) (lol) + +Feel free to add more DD/comments below. + +**Would you buy this stonk? Why or why not? Feel free to vote in the poll.** + +Link to previous Stonks of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/mec9nc/random\_stonk\_of\_the\_week\_reckon\_rkn/](https://www.reddit.com/r/ASX_Bets/comments/mec9nc/random_stonk_of_the_week_reckon_rkn/) +[https://www.reddit.com/r/ASX\_Bets/comments/m91bon/random\_stonk\_of\_the\_week\_xrf\_scientific\_xrf/](https://www.reddit.com/r/ASX_Bets/comments/m91bon/random_stonk_of_the_week_xrf_scientific_xrf/) +[https://www.reddit.com/r/ASX\_Bets/comments/m3tllz/random\_stonk\_of\_the\_week\_gale\_pacific\_gap/](https://www.reddit.com/r/ASX_Bets/comments/m3tllz/random_stonk_of_the_week_gale_pacific_gap/) +[https://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/) +[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +[View Poll](https://www.reddit.com/poll/mjkoqf) +If there's 1 thing I've learnt it's hold strong, let the Gay bears lose money again like the last 5 times they tried to go against the Fed after 1 tiny 2% drop. + +IM. NOT. FUCKING. SELLING. +Like the title says, I have been at my company 10 years. They are restructuring my team and a bunch of us have been offered a severance package, or given a deadline to find a new role within the company within 2 months. I was a little shocked by the news but I understand this kind of thing happens in large companies. + +The severance for me would be in the low six figures. In order to qualify I need to stay at the company 2 more months, and can only start a new job after my termination date. I'm nervous about being unemployed and finding a new job because it has been 10 years since I have done that and I don't know how marketable my skills are. At the same time the severance package is attractive. + +I am confident I will be able to find a new role internally in my company, this is the safer option for sure. + +Other info: I am 35, currently single and renting, I have enough savings to potentially last me 5-6 years but I don't want to live off those for more than a month or two. + +I am curious what others would do in my position, or if anyone has been through a similar issue. + +EDIT: Wow this got way more comments than I expected. I read a bunch I will read them all. + +A few more details as people are asking. I am in the US and the company is doing well overall but my particular team is just restructuring, there's dozens of folks impacted by this. We are getting some support for internal moves. + +I am leaning towards taking the money as most people suggest. I'm VERY risk averse in life so the uncertainty scares me but I am definitely underpaid so could probably find a better job in the same industry. I am going to work on my CV the next few days and start applying to some places. + +&#x200B; + Hello all, I have been less active in recent months but here I’m again with yet another post for you all, hope you appreciate it. + +This post is for all the people who are considering trading as a full-time profession and not just a side gig, here are the things you should keep in mind rather than prepare to face before you even get started. + +1. Complexity - Trading is a complex profession, here you need to analyze calculate and execute trade all at the same time, sometimes the full procedure should be completed within 5-10 seconds if you are scalping and thus you should remain very focused on what you do. +2. There is nothing called luck - Yes, trading is way different than gambling where your winnings are solely based on luck, but in trading your earnings are based on how disciplined you are how you work with your strategy how good your psychology is, and most importantly how well you work with probabilities. +3. Patience - A trader should be like a lion, wait for the time to pounce don't just randomly get into a trade because your guts are telling you to, gut feelings when backed by technical analysis gives the best results, so always wait for at least 3 confirmations before entering into a trade, that way you reduce your risks of losing in a significant way. +4. Hard work - Everyone has a wrong notion that traders don't work hard, they just take a trade and relax, well up to some extent that thing is true, even I like to chill with a bottle of beer after taking my trade, but the hard work part is before we get into a trade, we must shuffle through our watchlist looking for formations in a different timeframe, look at the indexes, look for support and resistances and a lot more, only when the fatiguing part is done we take the trade and then we deserve to just chill and look at the charts + +Been said the hard stuff, its time for what you are going to need. + +1. Strategy - There are various strategies and most have a win rate of around 50-60%, to be honest, that's not a bad win rate given the trader has the correct psychology and wits to apply it profitably. All new traders should focus on LEARNING PRICE ACTION and depend less on indicators, cause indicators are ultimately derived from the price and not the opposite way around, once you have a good grasp over price action you should be able to either formulate your strategies or you can learn from the already established traders. +2. Psychology - I cannot emphasize enough on this, psychology is what is going to make you real money, you can get a target in 9 trades but then you lose 1 which takes away all your profits, that is a pure example of bad psychology, in the psychology section you must learn to accept small losses and also to hold winning trades and resist the urge of closing trades as soon as they are in some greens. +3. Proper routine - You might have heard somewhere that trading and your lifestyle reciprocate each other, if you are disciplined in life then automatically your trading journey will stay disciplined too, thus prepare a routine with enough physical and mental exercise and follow that to the dots, that will help your trading career for sure too. + +These are the points that came to my mind, if there is anything more please feel free to add them in the comment section. + +Thank You +I get it, we love to get hyped and we LOVE getting hurt! We try to decipher tweets and then throw around the same conclusions in an echo chamber to further enforce our own hype. + +When GameStop drop the big news we are all waiting for it won't be on a tweet, it won't be a news release on the website it will be done via a proper press conference or irl presentation. Think about apple, google, Amazon etc when they drop big product launches. GameStop will be the same. They will want to build hype and publicity for this marketplace and a tweet won't cut it. + +So when we start seeing news around an event of press conference that's when we should be getting hyped. + +Until then, stay zen and DRS +# IF YOU E-MAILED THE SEC AND ARE WORRIED, EVERYTHING IS OKAY! + +&#x200B; + +&#x200B; + +**Edit: TL;DR: Many apes e-mailed yesterday to SEC after reading a post about commenting on the rule immediately, because they did it for the greater good and they care about the people. Unfortunately, apes are worried if they were manipulated in doing so that could possibly affect the implementation of the rule and paint retail investors in a bad way. The answer is EVERYTHING IS FINE IF YOU DID THIS, from my reasonable belief.** + +&#x200B; + +I wanted to make this post for visibility and hopefully give some assurance to some of the apes that e-mailed the SEC and are worried about possibly delaying the rule because of what they did. **It is alright, and here is why:** + +**This was the letter template that many apes used to send the e-mail:** + +\----------------------------------------------------------------------------------------------------------------------------------------------- + +I am an individual retail investor and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. + +I believe this rule - if enacted- is a step in the right direction towards accountability for those who engage in the short selling/stock borrowing program. It is time for an update to the current RegSHO closeout requirements and I believe that this SLD change in process from Monthly to Daily settlement is progress. + +I would like to see this rule passed and implemented immediately. + +Lastly on this ruling, I would like to see stronger penalties enacted for non compliance and violation of this rule. + +Thank you for your time & consideration in this matter. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +People mentioned that flooding the SEC with these e-mails all of a sudden (since this was an event yesterday) could possibly delay the rule being put in place because they are required to read ALL these e-mails (a conservative number would be easily 10,000+ e-mails with the amount of apes there are), **but the SEC made it easier for themselves to read these:** + +[https:\/\/www.sec.gov\/rules\/submitcomments.htm ](https://preview.redd.it/5xk3j4rnf7s61.png?width=950&format=png&auto=webp&s=c95f1b725d75d5171fd897c0472b69f6c0b5ad98) + +Oh word, so they're saying **if there's a lot of e-mails that are identical, they take the first OG copy, and then just add up how many e-mails that were identical to that**. + +QUESTION: So how many did they receive of these e-mails (the letter template mentioned above?) + +&#x200B; + +ANSWER: **Over 9000.** + +&#x200B; + +&#x200B; + +&#x200B; + +[https:\/\/www.sec.gov\/comments\/sr-nscc-2021-801\/srnscc2021801.htm Edit 1: Trimmed the webpage for visibility](https://preview.redd.it/1djm9s79x8s61.png?width=966&format=png&auto=webp&s=b9be310e4da4641dff038160a0b7bfaf1ecdefa7) + +&#x200B; + +[Hey! That's the letter!](https://preview.redd.it/tocdm8m2g7s61.png?width=664&format=png&auto=webp&s=e44ffcb765b479f1d72d056728d27e6a28aff439) + +The SEC (so far) has read, and publicly stated that they have counted **9,332 of these letters.** + +Earlier in the morning, I remember visiting the website and not seeing these letter types on their website before. What that means is; either I was blind as hell and just missed it point-blank, or that they updated it during the day. Is this the final count or is it still updating? I don't know. I'm just a dumb ape :/ + +&#x200B; + +**Conclusion: I believe everything should be okay. Don't take my word for it. Do your own DD and research. I did mine up top and shared it with y'all. This is not any type of advice.** + +&#x200B; + +Edit: credit to u/GimmeGimmeGME + +https://preview.redd.it/im37jprvnas61.png?width=1044&format=png&auto=webp&s=a155ea5da16157183920a276c770244f962e7eda +I sometimes think about all of the funds I could have saved by splitting rent, utilities, was less wasteful with food... 😞 Just reflecting. + +I’m hoping to buy an apartment soon so I can at least put rental income towards the mortgage/build equity. But still, it’s a ton of money when you think about it and calculate it, which I do from time to time :/ + +EDIT: in response to a couple of great thoughts below, I expect that me and my future spouse split all expenses 50/50 (I’m a woman in case that matters) and I expect to work until retirement. So I think it’s reasonable my individual expenses will decrease, plus tax advantages of being married (if I’m not mistaken). + +Also, I agree kids will be an additional by far nontrivial expense but that is a separate question from expenses I’m incurring now (at least there’s the additional benefit of having a family). + +I don’t have an option of living with parents and roommates yes - definitely a great pout. It after multiple less than optimal experiences, coupled with the fear of living with strangers (founded or unfounded) and it’s a choice that I’m making. But I would love to have a roommate that I’m actually married to. +Holy fuck guys hold on because shit is about to get real weird. And I don't know if this will change anything but it proves we are playing a bigger game than we all expected. I [touched on last night how I thought the banks were actually the ones pulling the strings in all this](https://www.reddit.com/r/Superstonk/comments/mqca35/its_just_a_bug_bro_part_2_loopholes_edition/). Loaning on ridiculous margins, holding our shares in street name (ie registered with GME in their name but our name on their books), and, as turns out, routing orders in their best interest (IEX is starting to sound pretty awesome). + +**Our Boy Ken** + +Someone posted a pic the other day of Kenny G. in High School and how their mom went to school with him when he was on the math team. This proves to be a lot more important I think than any of us thought. Our boy Kenny, as a Hedgie Manager and mathlete, probably is A LOT more successful than we all think. + +&#x200B; + +https://preview.redd.it/fxts65spg8t61.png?width=357&format=png&auto=webp&s=e627912d985fa2108708d76920991cc660237055 + +Yeah, that one. So I got to thinking, what has Kenneth C Griffin accomplished outside of running a massive hedge fund? Well, here we go to Patent Town (not as fun as tendie town). Outside of duckduck and oggole, his name is tucked away on several patent docs that explain the markets WAYYYY better than anything any of us have read in DD. + +&#x200B; + +https://preview.redd.it/g09spa4te8t61.png?width=1714&format=png&auto=webp&s=f3176cb0a3ef622ae3d9e68319c36ee863723308 + +I guess this kind of makes sense. The guy is probably a math genius, and it would make sense he has developed some decent equations and ideas around the market. But it goes deeper. In particular, the first patent (7587347), then it just gets crazy aligned with how GME is behaving. + +**Citidel's & Ken's First Baby** + +**Computer implemented and/or assisted methods and systems for detecting, tracking and responding to toxic, or likely toxic, orders in an equities order flow using toxicity and/or profit analyzers** + +**ABSTRACT** + +**"Methods and systems are provided which enable equities broker-dealers to execute an equity trade order while simultaneously eliminating (or at least reducing) exposure to the negative consequences associated with toxic (or likely toxic) orders in the equities market. By using toxicity and/or profit analyzers, for example, to detect, track and respond to the level of toxic (or likely toxic) orders present in an equities order flow, a broker dealer can reduce the level of risk inherent in serving as counter-party to order flows, such as anonymous equities order flows. Various alternative embodiments are also disclosed."** + +In the most basic description of this patent, the software inherently recognizes, parses and rejects what are considered "toxic" trades. It seems a toxic trade is nothing more than a trade listed too far above or below the consolidated market price. Now, the information that they use to describe how it works makes more sense than anything else we have seen in market data. For one, did you know NASDAQ stands for "**National Association of Securities Dealers Automated Quotation system**"? Me either. Turns out, my first DD wasn't wrong when I said [Yahoo and NASDAQ were probably the best for accurate, free data](https://www.reddit.com/r/Superstonk/comments/mlqedv/its_just_a_bug_bro/). + +Now, we have all seen over the last couple days that High Frequency Trading seems to be driving the price down on GME. Well guess what pops up in this document as well? Trade routing. Yeah, the kind of trade routing that you would want to have done for, oh I dont know, fast, special price movements? Kind of beating the price down through routing the trades exactly how you want to? + +Well, it makes it even more interesting that they go out of their way to describe professional traders taking advantage of insider information, and how retail individual investors trade purely speculatively. I mean, if you were trying to consolidate power through several different arms, why wouldnt you? Here is a fun line: + +**"In many instances, a consolidating broker-dealer does not know the identity of the investor who submitted the order to which it will serve as counter-party. Thus, a consolidating broker-dealer that accepts equity orders (e.g., internalizes, executes and/or otherwise commits to the execution of the orders) from an OFP may be exposed to significant financial risk due to, in at least one embodiment, the anonymous nature of orders within that order flow. For example, as explained above, professional traders may seek to take advantage of the consolidating broker dealer by trading on information affecting future price movements which is not available to the general investing public (or to the broker-dealer). In such instances, these professional traders may send toxic (or likely toxic) orders to a potentially naive broker-dealer that may consequently acquire net trading losses from serving as a counter-party for these orders."** + +Basically, a broker dealer might experience losses if traders take advantage of fluctuating prices? SERIOUSLY?! Personally, I might experience a loss if a broker-dealer (Citadel) their wholesaler (probably Citadel subsidiary or their FUCKING BANK) decided to allow these HFTs to go through to market. + +Here's on of the first pics to describe the flow: + +&#x200B; + +https://preview.redd.it/offwgo48n8t61.png?width=964&format=png&auto=webp&s=427b8114abefed6bf593cffb58e08cf8221c18d1 + +Oh, and here is how they get away with routing some after hours: + +**"It is common for one or more market-makers on a given market to be provided significant responsibilities, including overseeing the opening, providing continuous quotations in all of their assigned securities, and handling customer orders that are not automatically executed in connection with that exchange. In the case of the U.S. equities and options exchanges, these market-makers, which are responsible for maintaining fair and orderly markets, are generally termed "specialists." Depending on the particular exchange, the "specialist" may be referred to as, for example, a designated primary market-maker (DPM), lead market-maker (LMM), or primary market-maker (PMM), etc. Other market-makers in the crowd on an exchange floor, if any, are referred to as "floor market-makers." For U.S. listed equities (e.g., stocks listed on the American Stock Exchange (AMEX) or the New York Stock Exchange (NYSE)), there are also firms that make markets off the exchange floor, and these firms are known as "over-the-counter" (OTC) market-makers or third market-makers."** + +And here is how they flow some to hide it: + +[ FIG. 2 is a simplified illustration of another example of an order flow in the U.S. equities market, in which an order placed by an investor is internalized by a broker-dealer; ](https://preview.redd.it/5od3gf1qn8t61.png?width=948&format=png&auto=webp&s=8d24f0113a4c789bd71074d6a81bf488cda8092d) + +They can basically buy their same shares OVER AND OVER AND OVER again, through their own wholesaler. We hit the nail on the head again when we said they are routing market sells through their favored markets, and buy orders through their own wholesaler. That's why the HFTs are going lower, and they are probably net positive rebuying the shares at a lower price. Haha fuck. + +But this can't go on forever. It seems to be resetting their risk and probability. Because of course, Ken et al. decided to create their own data platform to communicate between EVERYONE THEY DEAL WITH. + +**KENNYS LEGACY??** + +**Method and system for measuring exposure of an investment fund to an issuer of financial assets** + +I can't decipher this as well other than it is a way for the web of Citadels broker-dealers, banks, wholesalers, markets, etc. to communicate risk, margin, price, everything. They can change what they want with the numbers to kick the can down the road. I am guessing, when "they" (whoever is pulling the strings) cut off Buying on RH and everywhere else, and the price tanked at almost $350 a little while ago, our boy Kenny realized that when they input the price at $350, they were getting fucking margined (maybe, this is speculation at this point). + +But again, I think I have combed through these and things are pretty fucked. It almost looks like Ken had created a lot of this to actually benefit retail traders. Apart from the HF bottom line, he was down to build something that stopped professional traders from hurting the system. But it almost seems like since he wrote the fucking book, he (or the lawyers and rightful investors in citadel) took that away and made the system work in his advantage. + +Buy and fucking Hold (just an opinion), because every share we remove and lock away in our own broker is less they can fuck with. + +Obviously not financial, legal or software advice. And I can only hope a few more people read this. + +TL;DR: Honestly, fucking read it. But because you're a lazy fuck, Ken and Citadel created the financial structure to stop "toxic" trading, and ended up using it to their advantage it seems. And he might not even be pulling the strings. + +[http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=0&p=1&f=S&l=50&Query=Griffin-Kenneth-C&d=PTXT](http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=0&p=1&f=S&l=50&Query=Griffin-Kenneth-C&d=PTXT) +As wild as that sounds, I just got overpaid by $35000 in my most recent paycheck. This isn't one of those "so how can I keep this money that isn't mine" questions. My question has more to do with repayment. I can either (a) repay in full or (b) have about $800 taken out of my next 44 paychecks. + +I believe the $800 in 44 paychecks is interest free (so, basically, an interest free $35k loan?) + +&#x200B; + +What would you do - pay it back in full or keep it (either to make the difference up every month, invest it, etc)? +Sadly my wife recently passed away from cancer aged 35 and I'd like to post some questions in here for advice. + +For context, we have a 2 year old daughter and a modest semi-detached house with around £185,000 still on the mortgage in Yorkshire (likely valued around 260-280k). + +Sadly, she had opted out of her NHS pension (unbeknownst to me and her brother) and so she isn't eligible for her Death In Service payment according to the HR staff. Unsure re pension at this point. + +When pooling together savings, life insurance and some other small amounts of money I will end up with around £170,000. + +Question 1 - what do I do with the money? +- Pay off the mortgage and pay of the final £15,000 as soon as possible? +- Buy 5 properties on a buy-to-let and hope that this money pays my current mortgage as well as the mortgages of the houses I purchase? +- Invest it? + +Question 2 - does anybody have any experience of NHS pensions and whether we have any form of challenge against NHS for her Death In Service payments? + +Question 3 - does anybody have any other advice re life/finances/things I may have not thought of? + +Her funeral was a couple of weeks ago and so we can now move forward and I'm starting to get things in order. + +Edit 1: thank you all so much for your responses. For added context, we were married and lived together but due to her age and the speed of her decline she died intestate (no will). I'm her NoK but I think it does throw up a couple of extra issues. + +Secondly, the "buying properties" was more just an idea, I wasn't saying I'd planned that out - I think I meant +Option 1) pay off the mortgage +Option 2) look at a higher risk return (property was just an example) +Option 3) investment + +Given responses I agree it makes sense to pay off as much of the mortgage as possible, especially if I can get early repayment fees wiped due to death. + +Thank you all from the bottom of my heart 💖 +My wife are truly on the fence about having kids. We see the pros and cons of both sides, and I'd love to get some thoughts from all of you who may be further along the journey than us. Granted, FatFIRE isn't our primary goal in life but it is a marker that we're striving for... and I'm curious how having or not having kids affected your path. + +**For those of you WITH kids**: how was your FatFIRE journey affected by having kids? Anything you would do if you could go back in time and adjust the timing of when/if you had kids? Any pearls of wisdom you'd like to share? + +**For those of you WITHOUT kids**: does a part of you wish you had kids? how has your life evolved, for better or worse, compared to your peers who do have kids? Any important takeaways from your decision to not have kids? +Hey everyone + + +I’m just curious to see if anyone here has donated money to the volunteer fire fighters or some of the online campaigns that are getting around. Seeing as many users here are financially secure I wondered if that correlated with more donations and what the general consensus is regarding donations. + + +For all I know some of you may have lost assets or be trying to protect your homes right now. I wish you all the best, it’s looking pretty intense out there from the footage I’ve seen and I’m hoping that the worst has passed (despite another 2 months of summer). + + +*Edit: As per /u/BlueyWhale's request, here's a list of possible charities others have mentioned in this thread should you choose to donate: + + +https://www.rfs.nsw.gov.au/volunteer/support-your-local-brigade + +https://www.sa.gov.au/topics/emergencies-and-safety/recovery/donating + +https://www.cfa.vic.gov.au/about/supporting-cfa#donate-cash + +https://www.communityenterprisefoundation.com.au/make-a-donation/bushfire-disaster-appeal/ (Vic emergency recommends) + +https://www.redcross.org.au/campaigns/disaster-relief-and-recovery-new-years-eve#donate + +https://www.salvationarmy.org.au/donate/make-a-donation/donate-online/?appeal=disasterappeal + +https://donate.vinnies.org.au/appeals-nsw/vinnies-nsw-bushfire-appeal-nsw + +https://givit.worldsecuresystems.com/items-needed?campaign=50 (Givit for NSW ) + +https://givit.worldsecuresystems.com/items-needed?campaign=49 (Givit for QLD ) + + + +Animal care charities: + +https://www.rspcansw.org.au/bushfire-appeal/ + +https://mkc.org.au/donations/trcqld + +https://www.gofundme.com/f/help-thirsty-koalas-devastated-by-recent-fires + +https://www.wires.org.au/donate/emergency-fund + +https://donate.wwf.org.au/donate/koala-crisis/koala-crisis?t=AP1119W03#gs.pv0rqa (WWF Koala relief) + +https://shoalhaven-bat-clinic-sanctuary.giveeasy.org/we-need-urgent-help (Shoalhaven Bat Clinic & Sanctuary (Wildlife Rescue South Coast)) + +https://www.hunterwildlife.org.au/make-a-donation/ Hunter Wildlife (Native Animal Trust Fund) + +https://www.givenow.com.au/fawna/ (FAWNA) + +https://www.wildlifevictoria.org.au/donate/donate-to-wildlife-victoria (Wildlife Victoria's appeal) + + +From /u/Soan:Specific items donation request in Victoria: + +****** DONATIONS OF SENSORY TOYS NEEDED ****** + +We have become aware that the Bairnsdale evacuation support services are needing sensory objects and small toys/books for a number of Autistic and Neurodivergent children that have been evacuated from their homes due to the catastrophic fires in Victoria. We will be making a financial donation to relief efforts and putting together some resources to send, and will also act as a collection point this week for these items if any of our families would like to contribute. If you have any items you would like to donate, please hand them in to reception and we will make sure they get to the families that need them. If you would like to drop items in, we are open Monday to Saturday from 9am - 5pm. Our address is Okey Dokey Psychology, 6A / 841 Mountain Hwy, Bayswater Vic 3153. Thank You +Hello. To start off, I am a long time lurker of PF, and for many reasons this is a throwaway. Within a week, I will be compensated approximately $500,000 tax-free (post medical bills and lawyer fees) from a medical incident that I endured. I am 20 years old and am seeking the advice from the people I have learned so much from already. Please bear with me. + + +Many times I have viewed the sidebar and posts in this sub, read the information on them, and even reread them again and again. However, this is a much different scenario for me. I have known for a few weeks that this would be the outcome, and have been preparing myself. I have read *The Boglehead's Guide to Investing* in addition to other research about personal finance, and plan to read more. My mindset is clear about how I am going to approach this - I view this money not as something to spend, but to save and invest for future potential income. + + +I have not told anyone (other than my parents who obviously know and my 2 siblings) and have laid out a plan over the past few weeks, and would like some input on it. + + +First and foremost, I plan on following the golden rule for my age, and will continue to invest in my education. I will be graduating next year from a 4 year university. As for now, I will be placing a majority of the money in a 6 month CD until I am absolutely certain of what I am going to do. + + +Future money allocation: $500k + +1. Pay off student debt upon graduation: ~50k + +2. High-yield savings account (safety net until I know I have a secured job): 50k + +3. Invest: ~300k (can go a lot more into detail about this, but want to keep post short) + + +Questions: + +1. Should I split up the money into more than 1 CD to make sure they are FDIC insured? (Ex. Split at 200/200/100?) + +2. What bank recommendations for the CDs or savings accounts do you recommend? (I am thinking Schwab and/or Ally for savings) + +3. What would you do in this situation at this age? + +4. Any other personal or financial recommendations? + + + +Thank you for taking the time to read and consider my post. I am looking forward to your feedback and will be ready to provide any other information you need. +"Investors  have  become  overwhelmingly  concerned  with the ability of Australia’s highly leveraged household sector to withstand a sharp rate tightening cycle. Whilst house prices are very high, the fear of both elevated defaults as well as a rapid slowdown in consumption are being very much overplayed by the Market  in  our  view.  We  see  above–median  income  household  income  providing increased flexibility to meet repayments. In terms of economic growth, a lack of debt-fuelled consumption is likely to see only a moderate reduction in household demand as  rates  rise.  Without  a  significant  rise  in  unemployment,  we  expect  any  housing losses  will  likely  be  mild  and  not  inconsistent  with  last  30  years.  We  maintain  our positive sector view on the Australian Banks. In the absence of material asset quality concerns, we expect earnings to continue to be revised upwards as rates rise higher and faster than initially anticipated." + +In short - the sky is not falling, there will be some pain but like 2008 or 2017 it will be shortlived and the majority of borrowers will be immune. +Anyone run into relationship issues after making a good amount of money due to a business exit? My wife seems to feel like I’m constantly condescending to her simply because our life has changed due to coming into wealth. + +It started as a small annoyance and is now becoming a daily burden. Anyone run into this with their SO? How did you explain to them that it’s not a competition? Or help them handle the change? + +Edit - spelling +Edit 2 - Thanks for all the feedback and comments, some of you have been super helpful! + +In short - we spoke for 3 hours, went for a walk with the dogs, and concluded that she’s been depressed due to COVID WFH and her only outlet has been to make the house better, hence splurging on furniture. Nothing more to it, and a very easy to solve problem. + +Thanks to everyone that suggested this may be the case, and more importantly for being reasonable and not telling me to get a divorce, or that I was being intact an asshole.. there’s some great people in this community, so thanks for the advice!! + + +[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!* +Last night, I was watching the Rolland Garros semi-finals (Grand Slam tournament - basically 1 of the 4 biggest tennis tournaments every year.) + +I love tennis both as a player and spectator, and as I have been rooting for this particular player for many years now, whom yesterday had a real chance of winning and going into the Finals of Rolland Garros for the first time in his career, I thought to myself: + +*Why not place a small fun bet to make it all the more exciting*. + +I had never betted on sports ever before this, maybe once with $2 as a joke with some friends around 10 years ago or so. + +The player I am supporting starts to lose during the first hour of the match. So I sign up, deposit the minimum $10, and find that the return rate was 4/1 (I.e. $10 gets me $50 if my player wins, $40 profit). + +Being a massive fan of the player, I thought on top of my own excitement for the game, 4/1 odds were fantastic. + +I am about to place the bet, but I find that the odds had shifted to 3/1 as my player had started earnings some points back. + +Then to 10/3, then 3/1 again. + +I found myself in a disgusting mindset hoping my player would lose a few points so that I can get in on the 4/1 odds, which I thought were great odds. **I had never, ever wished for this player to lose a point before**. This shook me quite a bit. + +And it happens! I quickly place my bet, **and I realise I had just bought the dip on a fucking tennis match.** + +The match resumes and my player keeps losing. I refuse to believe this will happen as like I mentioned previously, I am a massive fan, believe in him, and want him to succeed. + +The match reaches a point where my player is nearly defeated, at which point I go back and look at the odds. + +I see now the new revised odds at 7/1, then one more point is lost and I it goes to 8/1! + +On the rush of adrenaline from the match and from my desire for my player to win, I deposit another $10 and place another bet at $10, with a profit of $80 if my player wins. + +In the moment I realise **I just doubled down on a tennis dip, and I have a position of $20 with a potential profit of $120.** + +A few points later and a lot of adrenaline, and it happens. I am thrilled. + +My player makes a comeback, FUCK YEEAH, I scream! + +He gets back in the game and for the next hour or so ups his game significantly, just as I had hoped. **The match is a complete thriller filled with adrenaline and unbelievable tennis**. I am loving it. + +I am so happy for him and at the same time, **I am thinking about my tennis tendies.** + +The game reaches a point from near defeat, to perfect equilibrium in score from the two players. + +I log back in to the betting platform to look at how the odds are fairing now. + +The **$10** bet I had made early in the game was now worth **$17.40** + +The **$10** bet I had made later in the game was now worth **$31.31** + +I now had the option to cash out nearly at 150% return, get out and enjoy the game and root for my player, **or diamond hand this bitch and root for my player still**. + +I choose the latter as the $20 was insignificant to me, and think to my learnings that **I will pass the fuck out before I tap out.** + +A few exhilarating points ensue, but it turns out my player had become exhausted. The rest of the game progresses and it's clear that he will lose. He cannot keep up the brilliant come back that had taken place thus far. + +I go back into the betting platform and noticed that: + +The **$10** bet I had made early in the game was now worth **$0.35** + +The **$10** bet I had made later in the game was now worth **$0.14** + +Not only was my favourite player about to lose, but **my contracts would expire worthless.** + +And lose he did. + +It was an incredible match and he won the hearts of many fans that night. He is an unbelievable player with so much promise as he is still very young. + +The tennis they played was just fantastic. + +\--- + +The whole experience left me thinking to myself that the emotions, the mechanics, the complete and utter unpredictability where identical with options trading. + +It was then that it **really** hit me that the term "investing", or "trading" platforms is the fakest front for what is actually absolute gambling. + + I can't help but feel a bit dirty that I took something I am passionate for, something I've kept pure for so many years, a pure love for the sport and put inside emotions and mechanics of greed and opportunism. That's the definition of the ugly side of capitalism and I got the taste of it first hand last night. + +I have deleted my betting account and will never engage in sports betting again after this. **The rooting and cheering I had for this player in previous matches VS this one felt self-less and pure, whereas last night I found myself rooting on the fact that I'd make money. This left me feeling pretty shitty with myself.** + +I thought I would share this story with all of you retards, hoping that you will learn something and relate on a level which will benefit you in life. + +\--- + +**tl;dr** + +1) Some things are best kept pure and outside the scope of making money. + +2) Options are not financial derivatives, they are **gambling** derivatives. + +3) Gambling can exist in every single aspect of life, and it can really consume you and your passions. + +4) TIM APPLE 122C 11/20, LET'S FUCKING GO YOU ABSOLUTE FUCKS. +Here is the start... + +[https://www.marketwatch.com/story/walmart-hit-with-wrongful-death-lawsuit-by-estate-of-worker-who-died-of-coronavirus-2020-04-06?mod=home-page](https://www.marketwatch.com/story/walmart-hit-with-wrongful-death-lawsuit-by-estate-of-worker-who-died-of-coronavirus-2020-04-06?mod=home-page) + +&#x200B; + +The last few weeks, I was expecting a boatload of these suits to come in against retirement homes, and other REITs related. This is why I've avoided them, even though my girlfriend has been strongly bullish on those sectors. She claims they have insurance coverage for that sort of thing so it won't hit them that hard. I have my doubts though... + +&#x200B; + +Question is, how much you think WalMart may suffer from lawsuits? I imagine a lot more are coming. Or one huge civil action. +Not sure if this is the right sub, but I was wondering which are the best charities to give to in the UK to help people financially effected by all these Covid lockdowns and restrictions? Or in general how to help? + +I've heard of so many people loosing their jobs and struggling to make ends meet but I don't really know how to help. Are there any good charities that help people in poverty? Has anyone here used a charity that really helped them during these difficult times? +I think it's clear now that the government can't be relied on for reasonable help (how they treated Manchester in the tier 3 negotiatons was disgusting), so I think it's up to other people to try and help out where we can. I can't give a lot but I can give something here and there if it will make a difference. Any suggestions? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Is it a good idea to invest like Rs 10 lakh in an FD with monthly payouts for like 5-7 years and using those payouts to fund mutual funds each month? + +How the inflation will impact my rs 10lakh after 7 years. I dont know if its a good or bad or even stupid idea. + +It would be helpful if someone here can answer this analytically. + +Thanks. +https://timesofindia.indiatimes.com/business/india-business/rbi-makes-it-easy-for-you-to-invest-in-govt-bonds/articleshow/80716940.cms + +How is this different from what we purchase on Zerodha presently? +Sometime back I had read an article somewhere , in which they made a study of effect of SIP date on overall returns.The conclusion was that if the date of SIP is 10th day of the month the profits would be maximum. + +Over the weekend , I had some spare time and decided to make my own study on this. + +**What I did?** + +-There is [this is nice site](https://www.mfapi.in/) which allows you get the NAV history any fund.So I scraped data of many different types of funds from various AMCs. + +-From the above dump I filtered out only those funds whose historic data for atleast last 4 years were available. + +-I clubbed the funds by fund type (eg Large Cap fund , Mid Cap fund etc) and for each of them I calculated the date of the min NAV of the fund in every month for last 4 years + +-The dates are grouped 8 groups: +Group 1 : Day 1 - 4 of the month +Group 2 : Day 5 - 8 +Group 3 : Day 9 - 12 +Group 4 : Day 13 - 16 +Group 5 : Day 17 - 20 +Group 6 : Day 21 - 24 +Group 7 : Day 25 - 28 +Group 8 : Day 29 - 31 + +-And finally plotted a bar chart to find out in which Group the NAV hits the minimum value of the month maximum number of times + + + +[And here are the resulting plot Equity Funds](https://i.imgur.com/6IbOBla.jpg) +(Plot has data only for Large Cap , Mid Cap , Multi Cap and Small Cap funds) + +As seen by the plot the in the 1st to 4th day of the month the NAV hits the minimum and maximum number of times. + +Does that mean I should always keep the SIP date between these date ranges for maximum profits? + +Just for sake of completion I plotted for debt funds as well.As expected most of the times the NAV is lowest in the beginning of the month and [here is the plot](https://i.imgur.com/Ly6QAL0.jpg) + +You are welcome for any questions on the methodology , will be happy to answer. + + + +**TL;DR** +Made a bar chart plot to get date range of the month in which NAV of a mutual fund hits its minimum and here are the results. + +[Equity](https://i.imgur.com/6IbOBla.jpg) +[Debt](https://i.imgur.com/Ly6QAL0.jpg) +They’re offering 7.35% interest on FD. (Claims to have tied up with State Bank of Mauritius) + + +Am I missing something here? Why would I not deposit money in this FD? There has to be some catch - some fixed cost somewhere like how they have a withdrawal fee for stocks. + + +Something seems fishy but I genuinely don’t understand. Can someone please help? +After reading [u/finrk](https://www.reddit.com/user/finrk/)'s [post](https://www.reddit.com/r/IndiaInvestments/comments/ngttu4/disadvantages_of_having_too_many_funds_in_ones/) I went ahead and checked my portfolio for overlaps and expense ratio. I've discontinued few MFs and **would like to receive criticism over my current portfolio**. + +\- Green ones are continued SIPs + +\- Yellowish ones are Liquid funds for Emergency - I add to them in lumpsum instead of keeping them in bank + +\- Red ones are discontinued - waiting for profit to become LTCG - will exit these then. + +[https://imgur.com/a/9hDNaYR](https://imgur.com/a/9hDNaYR) +I'm still fairly new to algotrading and have been pursuing the idea of having multiple programs running simulataneously shaving a few cents off multiple crypto trades an hour, rather than larger buy ins that can take an entire 1-2 days to find an appropriate buy signal. I prefer the faster paced trading and not having to worry all day if my program missed a good opportunity that could take days to find again. + +However, from backtesting and live trading for the last week, I'm realizing how big of an uphill battle it is to consistently beat the Binance .1% trading fee, and about a .2% bid/ask spread, thats a -0.4% difference I have to make up just to turn a quick profit. + +I still thought .4% could be an easy target to make multiple times an hour, and while the price does fluctuate 1% or more most hours, finding reasonable buy signals to get a 0.4% or greater gain is much rarer than I hoped. + +So far I've tried RSI, Bollanger Bands, EMAs and of course mixing and matching the 3. However, backtesting over several months, any winning strategy seems to trade at most 1-2 times a day. It seems the microtrends don't give reliable enough signals, so I'm forced to look for bigger/longer trends. The bigger trends also make the transaction costs less and less significant. + +The one system I'm having some success with is using divergence from a 99 minute ema. If it gets below a certain threshold (\~.995%, but varies between cryptos and 24 hour trend) and and is moving upwards, the program will buy, and then sell when price starts moving downwards is above .3% of the Bought price. If price falls below 1-2% below Bought Price, program bails at a loss. + +So this requires about 4 good trades to 1 bad. This performs well in backtesting, if the divergence thresholds are dialed in to the volatility of the crypto (e.g. algo trades in .001 units, so it jumps a bit more) + +Wasn't sure if others have had success with fractions of a percent profits, and if so, what signals can pick up on these tiny microtrends multiple times an hour and get a solid win rate ? I'm thinking I'm fighting a losing battle at this point. + +&#x200B; + +\*Just an update, woke up this morning with the 5 scripts going from up 20$, to down 40$ so took them all off line and replaced it with just 1 script trading ETH using slower moving moving averages for stronger signals. + +More or less its looking for ema6hour to cross ema2day + +Its a lot more boring, but back testing showed better consistent performance so hopefully this will be an improvement. +I have $700 saved atm and I have a steady job where I make around $1800-$2000 a month. I have a dog as well but just from first glance at apartments I dont think Im going to be able to keep him since I wouldnt be able to afford daycare and I cant afford a space large enough for him yet. + +I bought a new truck a few months ago and the payments on that are $297 a month for 5 yrs. Insurance and phone bill is $109 a month. + +I work as a barista and my base wage is $8 an hour but with tips I consistently get another $6.80-$9.75 on top of that. Im being promoted to shift lead in one month which is a $1 raise and then Im supposed to be managing a new location by the end of June so my pay will be raised to $15 an hr and Ill be put on salary (I currently work 39 hrs a week for them part time). + +Im looking at apartments rn but wondering what else to be aware oc and what exactly I should be looking at and considering. + +Edit1: So I listed the truck, I bought it for $14000 but supposedly I can sell it for $17000. It is a 2016 Chevy Colorado with 91,000 miles + +Edit2: I will look for roommates because I feel like my dog wont have the best care if its just me in an apartment. Cheapest daycare in my area would be $400 a month and Id barely have any savings at the end of each month so If something happened idk if Id have the money to pay for it. + +Edit3: One of the big things that lead to the argument was that my mom didnt want the dog home all day, I wanted to put him in daycare but that was cruel since I wouldnt be around him all day. I walked him, played with him and took care of him before I left for work and after I got home. She decided she doesnt want him there because it causes her too much emotional trauma. I dont agree with the sentiment that its cruel to take him to daycare but just the way I was raised with dogs Ive been taught that its not okay to let him sit in a kennel all day. I dont necessarily want to make judgement on the few of you who do that for your dogs, I just dont know how to feel about it because I want to keep him but I dont know if that scenarios best if I can find someone thatll have more tine with him thtough out the day. + +Edit4: I do have an option to move to Las vegas and stay with my brother. I can have a job the second I get down there and my dogs welcome. My only thing is thats a complete life reset so I want to try to stay where I am rn. + +Edit5: I appreciate all the advice guys, I have 3 tours scheduled in the next couple days for apartments. Sadly only one allows dogs so Im hoping thats the one that pans out. Im still gonna be looking for more options this week but who knows. Ill try to keep yall updated. + +Edit6: the dog is a 9 month old dutch sheperd/golden retriever mix. + +Edit7: my phone bill is $9 and car insurance is $100 my bad I figured it was easy to pair the 2 + +Edit8: I got a lot to do, Im gonna tour a couple apartments I looked at today over the next few days. Im going to have a talk with my manager and just kinda see where shes at financially with her pay and see if thats something I actually want to do. If its not, might be in Vegas by weeks end. If It is though I still have to see how the aprtment situation pans out. I appreciate all of this you guys, especially those that didnt necessarily give advice other than keeping my chin up I needed that more than I realized and its comforting to see that even from an internet stranger. Its early, so kind of everythings up in the air but Ill update with each decision I make. Love you guys. + +Edit9: found a place, $550 utilities included, washer and dryer, fridge everything, close to work. Catch being no dog still looking at other options. +Hello all, + +Long time lurker here. Anyway I got caught up in the GME hype and bag holding BB shares at $22.25/share(CDN). Sold a 17c Mar 19! Looks like I will be doing this forever HAHAHA + +I also have no one to tell about my excitement as my friends and family don't care about options so might as well tell you guys! Love this sub! + +Edit: Thanks for the kind words and advice! Just wanted to mention that I netted $30 profit after commissions...Peanuts but I'm learning +So thanks to you guys "and me and my brother", we got my mom away from that west coast money manager to a more local and personal company. We looked over her statements and saw they were slowly bleeding her on bad investment fees. This new guy is good but how/should i convince my mom to ditch bonds and go heavy div? ETF. Is that smart? Based on what I've looked at, return is better and at our wealth level liquidity isn't an issue. +Edit: When did you make the shift? + +Edit 2: I mean being FAT, as in having money vs spending it (Living FAT). + +Hello all, + +I am not sure what happened but I have decided I need to live a little. Maybe it was all the posts of people saying life is short, or the confidence folks have in their plan, but I have just been building for so long I haven't stopped to enjoy the fruits of my labor. Thanks to everyone here for helping me in the journey. + +&#x200B; + +7.7M 85/15 Equities/Bonds + +1.2M House (Paid off) + +500-600k /yr in W2 + +Going to get the cars I want, vs the practical ones. Jeep Rubicon 392 and Audi RSQ8. I have always kept saying "later" and holding off. While I am not ready to retire, I am going to enjoy the last few years of working. + +&#x200B; + +Thanks all! +I have a great job in my field (genetic counselling) after 7 years of college. American citizen living in the UK. Am coming up to 6 months working and feel like I'm seriously treading water and can't see an end. My financial quality of life is worse than when I was a student and I can't see out. + +Loan summary (all federal student loans, mix of under and post-grad): + +* 1-01, 7,774.11 @ 6.55% + +* 1-02, 4,484.22 @ 5.75% + +* 1-03, 4,473.78 @ 4.25% + +* 1-04, 8,186.10 @ 6.55% + +* 1-05, 1,606.08 @ 6.55% + +* 1-06, PAID (was originally 2,000 at 6.8%) + +* 1-07, 8,982.05 @ 6.55% + +* 1-08, 22,913.78 @ 5.16% + +* 1-09, 20,747.37 @6.16% + +* 1-10, 22,014.42 @ 5.96% + +* 1-11, 24,309.36 @ 6.96% + +My minimum monthly payment is $846.73. Last month I paid $1054.80. I had tried the avalanche method for about two months, but it made me so anxious that I started the snowball method. I have only been in proper repayment two months, and have been making payments before my loans were due for about 7 months total. + + +I just looked at my "payment summary," and only $22.15 of the minimum $846.73 went to the principal. It makes me feel like the biggest turd in the world and I have no idea how it can possibly get better. + + +I'm on a mix of standard and graduated repayment plans. In 2020ish I'm going to be paying $2400 a month, which seems impossible. + + +Monthly income after tax: $2700 ($300 goes to employer matched pension plan) + +Monthly expenses: + +* Student loans: $1000 (roughly) + +* Rent: $750 including bills/utilities (I live in London, UK) + +* Cell phone: $36 + +* Emergency Savings: $200 (Have just over $1000) + +* Transport: $75ish (I spend $20 on a "cycle to work" scheme, the rest is going in and out of the city, buses on rainy days) + +* Food and socializing: $300 (make own lunch at work, don't buy coffee, etc) + +* Long distance relationship: $150 (London to Cork flights monthly-- non-negotiable) + +* Healthcare $0 (woo, National Health Service) + + +Some months I'll also have to pay for travel to conferences, which take months to be returned. + + + +Any advice is hugely appreciated. I feel like a fart. + + + +EDIT: Thank you everyone for sharing your experiences and your kind words. I feel more heartened and less farty. The only thing I will say is that a job can be great for a lot of reasons besides money. Thanks all. +Obviously doesn’t apply to all, but I’ve seen three folks this week lose a years plus worth of gains because they thought they figured options out over the course of their 6 month investing career. It’s super unfortunate to see. We can guard against this by slowing down, and thinking through what we’re doing. I was just helping another trader that STO a put vice BTO. They’ll have a losing position on Monday to exit, shouldn’t be too bad but nonetheless a completely preventable mistake. + +The markets are quick to take your money, it’s an unforgiving place to learn. + +Please remember, it’s truly not a sprint. Not even an annual event. Our performance is built over decades. Take it slow and make time to learn what you’re doing - your future self will thank you. + +I made my largest investing mistake less than 2 years into my investing career and it crushed a sizable portion of my account. It happens to many of us but leverage the community so you don’t need to make the mistakes - learn from those who have been around a for a while. + +Keep trading! +Erik +I think most of us are using Python, most APIs are geared toward python, and I love Python. + +Occasionally I see people using other languages for algo-trading such as Java, JavaScript, C++ etc. + +While I have used all of those languages I don’t understand why people would choose to do algos in other languages besides Python. + +Python is syntactically easier and quicker than most other languages. + +Python is built to handle statistics and lists faster and easier than most languages (which are incredibly important for algos) + +Python has incredible, in depth, open source libraries. + +Why do people use other languages? + +Edit: sorry guys didn’t mean to start a war +Why do top Quant firms recruit Ph.Ds in Statistics or Theoretical Physics? +I believe most of math concept, required for Quant, is covered in graduate level; so what's the necessity of a Ph.D? +Can anybody tell me about it in details? +All, + +The Hot Section has not changed all day and everything there currently has an obscene amount of upvotes for memes and shitposts, some of them have more likes than some of our best DD's. Something is going on. There have been new rules out today and great information from the AMA that should be seen and it's getting completely buried. For the first time ever, I even had trouble this morning finding the update since it was so far down.. that's when I knew something was up. + +**Please resist upvoting anything that isn't quality**. Other than that, I don't know if there's anything that can be done by the MOD's. + +&#x200B; + +Edit: Want to add something I just noticed- + +Look at all of the upvotes for this promoted Ad: I'm on here everyday, that's not normal. + +https://preview.redd.it/vewf62p2gzz61.jpg?width=633&format=pjpg&auto=webp&s=80640d127c93c7ffe5422bddbc65333878752f3f +The Fed is expected to raise interest rates 4x this year. The second rate hike is coming today. + +\-If you have high interest debt you hope to roll over to a lower interest loan, + +\-If you have debt governed by an interest rate that is not fixed, + +YESTERDAY was the time to get into a lower fixed rate loan. Interest rates on debt is going up. Roll your debt into lower interest rate or consolidate your high interest rate loans into a lower FIXED interest rate loan NOW. If you wait until the end of the year and two more interest rate hikes, you may find the low interest rate loan you hoped would be out there is not. + + +DO NOT fall victim to predatory consolidation loans. Talk to someone reputable. Like a credit union. + +This is purely a thought experiment but also wanted to know if anyone actually does this. Say you have $1million to invest. What if you exclusively wheeled a SPY ETF or some other index fund like that (QQQ, etc) with ATM or near the money CSPs. This seems like it’d return far more than the average 7% annual return investing for the long term. Does anyone do this? How has it been working? +🤩 Codename B.O.B has officially been released as.. $SPUNGE !! 🤩 + +—————————————————————— + +**What is** **$SPUNGE?** + +✅ Spunge is the freshest new project to hit #BSC! With a truly unique take on the standard #BSC fare, the $SPUNGE Team took an initial humble idea, and turned it into a **BEAST!** 🚀 + +💥 Unique Project & Use Case - we aren't just another shitcoin fork, we are road mapping $SPUNGE to be the next biggest thing on #BSC! + +💥 Memes & Philanthropy - Memes are a staple in the crypto community, and we will be holding regular meme competitions to give back to our loyal #hodlers! In addition, we will also be giving back to the wider community through Charitable Donations! Know a great charity that could use a funding boost? Let us know! We want everyone to benefit from Spunge.Space, including those who aren't even part of the crypto movement yet! + +💥 NFTs & Lotteries - Making sure to take advantage of the latest DeFi NFT hype, Spunge will be partnering with some awesome players in the #BSC NFT space, to release Limited Edition NFT sets and assets! In addition, NFT and Token lotteries will be held on a day-to-day and weekly basis to keep us all entertained! These will form a key part in the community project events, and will be a feature that is here to stay! + +💥 Dynamic Buying Incentives - With $SPUNGE use-cases centered around supply deflation and incentivised token buying, we aim to achieve positive token momentum that keeps on delivering! Want to take part in the NFT and Token lotteries? You'll need $SPUNGE tokens to get access! Combined with price floor increasing mechanics, market buyback and burns, and incentivised $SPUNGE token holding, this project aims to constantly increase it's value proposition. + +💥 DAO Integration - To give the community more control over what the project does, a DAO structure will be setup that allows holders of the $SPUNGE token to have their say in aspects of funds allocation and project direction! With our dynamic liquidity and treasury fund generation, $SPUNGE will have a constant supply of funding to take the entire project to the next level. + +—————————————————————— + +🚀❗️ **NOW FOR THE OTHER IMPORTANT STUFF!** ❗️🚀 + +📈 $SPUNGE Tokenomics: + +Max Supply - 1,000,000,000 + +Initial Burn - 475,000,000 + +Presale - 275,000,000\~ + +Liquidity - 200,000,000 + +Team - 50,000,000 + +✅ **FAIR LAUNCH!!** \- Listing Price = Presale Price ✅ + +➡️ $SPUNGE Price On Listing = 1 BNB/1,666,666.666 $SPUNGE ⬅️ + +—————————————————————— + +⚠️ **IMPORTANT TRADING INFORMATION** ⚠️ + +💠 Set Slippage to 9%+ + +💠 Max Limit Token Transactions Initially = 333,334 $SPUNGE (as of this post no more limit) + +—————————————————————— + +🌎 **THE** **$SPUNGE** **LINKS!** 🌎 + +🌐 Website - [https://spunge.space](https://spunge.space/) *(make sure your volume is up and press the "play" button at the top for the full* \*$SPUNGE\* *experience!)* + +🔎 Smart Contract - [https://bscscan.com/token/0x78df9f9731139905c7aa4c0eac3e7b7847608154](https://bscscan.com/token/0x78df9f9731139905c7aa4c0eac3e7b7847608154) + +💎 Buy on PancakeSwap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x78df9f9731139905c7aa4c0eac3e7b7847608154](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x78df9f9731139905c7aa4c0eac3e7b7847608154) + +🔐 Unicrypt Liquidity Lock - [https://unicrypt.network/amm/pancake/pair/0xf9e6a94f5a9c223ba626d6b221c793d032d123cc](https://unicrypt.network/amm/pancake/pair/0xf9e6a94f5a9c223ba626d6b221c793d032d123cc) + +🐥 Twitter - [https://twitter.com/SpungeSpace](https://twitter.com/SpungeSpace) + +Telegram - [https://t.me/codenamebob](https://t.me/codenamebob) +If we, the tax payers, wipe the slate clean should student loan borrowing be allowed for future generations/students? + +What have you got to say for anyone and everyone who has paid their loans back. No matter their circumstances. + +Should the people who opt for forgiveness be penalized or be given a fresh slate to incur other debt? + +This is an insult to anyone and everyone who has made even a single student loan payment. You insult their time they spent paying back to the pot. + +Whether you down vote to oblivion or upvote to the sky. I’d like to know your opinion. + +Edit: If loans were to be forgiven in the near future, I would take the LSAT go to the most expensive school that would take me. Pay for all 3 years in advance with an additional 40k/year for “living expenses” and demand it all be forgiven. + +And then of course withdraw from the program after forgiveness. + +Edit: y’all saying college should be free are looking for adult daycares for people to go and “figure” themselves out. So what, the state raises you until you’re 23, 24, 25. Then what after you spent 120,000 dollars on an elf spotting certificate and partying crazy. You gonna complain the state should give you a job digging holes just to fill them in and at a top tier wage? + +No accountability today. News flash, this country is in trouble and it has everything to do with entitlement. + +Edit: I am actually for 0% rates for the loans and spaced maybe over 180 payments. If you play the system correctly there is no reason anyone should be coming out of school with over 65,000 in loans. If you went over it’s because you didn’t work, get any scholarships, took out more to party, or went to an out of state school or private school which is just stupid. +Good morning PF Folks! + +I just wanted to remind everyone that most credit cards offer 'Price Protection' for purchases within a certain window. With all of the sales right now, you may quality for a credit! + +For example, I bought a wireless router from Amazon on 10/15/2016 for $128.95 and today it's on sale for $89.00 on Amazon. I called, submitted a claim, and within 7-10 business days they will review the case and hopefully I will get a credit for $40! + +You should be able to check your credit cards guide online (I googled the name of my credit card provider and 'price protection' to find out the details. Please make sure you read through your card holder agreement to make sure you qualify!!! + + +Have a good day! +Shorting a stock is not value investing. Sure, you can take a short position based on intrinsic value, but value investing is also about an OWNER'S MINDSET. Owners do not short. They buy and hold the stock and only sell if there is a sufficiently better stock to own with that money. +Can someone explain to me how Pfizer, even while the president is at their facility, the stock isn’t any higher? When compared to the other vaccine companies, this stock pales in comparison. What’s going on here? The stock pays a dividend is at the forefront of every medical prescription. Why not a higher stock value? +Hello investors, + +Yesterday was marked by an intense selloff in the Chinese education stocks. See below. + +📷 + +The driver of the steep movements is that the Chinese government is banning for-profit education institutions from raising capital in the US, to "tackle the birthrate issue and offer lower prices for education". + +[https://www.cnbc.com/2021/07/23/us-listed-china-education-stocks-plunge-as-beijing-regulators-crack-down.html](https://www.cnbc.com/2021/07/23/us-listed-china-education-stocks-plunge-as-beijing-regulators-crack-down.html) + +Now, this is completely my opinion and what my plans are so please stick with me for a minute. + +If you've noticed, the tensions between China and the US have been exacerbating since the start of COVID. + +Early this year, the Biden administration has been increasing the budget to fund investigations into the origins of COVID and there has been discussion regarding delisting Chinese ADRs (American Depository Receipts, another name for Chinese foreign stocks) from the US exchanges if they don't submit their audits of their financials in the past 3 years and several other criteria. + +The Chinese government has announced a major crackdown on the e-commerce giants in China, namely BABA and JD, while stopping Ant's IPO. + +US Deputy Secretary of State Wendy Sherman will be traveling to China on this weekend to meet with the Chinese officials including Foreign Minister Wang Yi. + +I have been basically ignoring all of these developments because when it comes to regulatory risks, there are no right answers. And more often than not, they don't have material impact on the companies' businesses in the long run. + +**To put it into numbers, I was assigning 5-10% probability that the tensions between US and China will reach the point where the businesses will be permanently damaged, affecting their bottom lines and future prospects, which was a risk I was willing to take and definitely a risk when you are investing in foreign companies, simply due to different rules and regulations.** + +Looking back, I may have assigned too low of a risk, especially when the market has been trying to tell us something since February. + +Look at the below charts. + +📷📷📷📷 + +If you look at these charts, you'll notice that the selloff on Friday was not out of thin air. The Chinese names have been getting punished since early 2021 for a few months now. + +Generally speaking, when the stock prices move due to concerns about regulations, they usually recover within a few weeks. + +The continued downtrends in the Chinese names can possibly indicate the Chinese government may impose real long-term risks to the companies, because it's always good to assume that Mr. Market is right and work backwards to disapprove her (a quote by Peter Lynch, not verbatim). + +I have positions in PDD and FUTU. And my personal take is that from a previously assumed regulatory risks of 5-10% chance that these regulations can impose material threats to the companies' bottom lines, I have raised the risks to 20-25%, very roughly speaking. + +This means that I'm still willing to play the bet. + +I know the two companies I mentioned are great businesses with lots of potential. PDD specifically has such a growth potential and has proven to show that its business model generates so much cash flow. + +**Despite the increase in regulatory risks, they are still great opportunities from my perspective, especially that we now have cheaper entry points and will likely more than offset the higher risks.** + +I have a few scenarios in mind on how this will play out, with corresponding probabilities, again my opinion. + +1. Base case (60%): the Chinese officials make no more major moves regarding ADRs and stays quiet for the foreseeable future. ADRs slowly recover over the course of next couple of years due to continued tensions between the US and China. PDD and FUTU's profitabilities continue to increase and the markets eventually price appropriately to their true earnings powers. +2. Bull case (20%): the Chinese officials come to truce with the US government in the near term regarding several issues and eliminate the risk of ADRs from being delisted. Regulation risks are lowered and pressures on the ADRs are alleviated, bringing them back to par with their American counterparts in terms of trading multiples. +3. Bear case (20%): the Chinese officials go full blowout against the US and US-listed Chinese companies and ban foreign capital raising for all domestic companies, which means that ADRs will get delisted and companies like PDD won't be able to raise capital overseas, hurting their ability to raise financing and fund future business plans. + +Chinese domestic companies above certain market cap ($100B) will be heavily scrutinized by the government and will be subject to strict measures such as more than 50% ownership by the state or destroying incentives for the management team. + +It's not worth trying to predict what's going to happen but it is certainly worth it to think of various scenarios and assign your own probability for each event and make investment decisions based off on that. + +Based on the above, my chances of winning on this bet is 80% over the next couple of years, which I'm more than willing to take. + +It's not worth overcomplicating this whole situation and only look at what makes sense. PDD is such an important part of Chinese economy now and will the government really do something that will limit its growth? No one can predict their move because they have shown their williness to go beyond expectations but if I had to bet, the answer is probably no. + +At the same time, the downside risk is extreme. I mean look at EDU and TAL's 70% declines. + +So my plan is to increase my exposure to the names I've mentioned a bit while limiting the overall exposure to less than 7%. + +The key is to have a diversified portfolio so that you are able to take on few losers here and few winners there. + +Please check out this [video](https://www.youtube.com/watch?v=yn8Ii1pB2mw) for a more detailed explanation. + +And please refer to the original [post](https://www.reddit.com/r/Midasinvestors/comments/or2cs2/chinese_education_stocks_selloff_what_to_do_buy/) for the graphs as the forum doesn't allow pics. + +Thanks for reading and I hope this was helpful! Please feel free to share your strategies. +Mainstream portfolio managers promote the Fama-French Factor investing model. But I just don't understand it's significance. + +At a high level it just seems like they looked at historical price action for equities and found good correlations for the performance of equities and certain "factors" such as size and value/growth. + +Its fine to spot these correlations, and address them as such. But where I have a problem with academics is when they say these factors are not simply correlated, but are the CAUSES. + +This seems like BS. Just because A and B things have been correlated for 200 years and you think you found a good explanation for why A causes B, (factors have a separate risk premium on top of the equity risk premium), you cant just jump to the conclusion and say A causes B. + +If the academics who tout this theory admitted they just found some great correlations, that would be one thing. But by saying they have found novel risk premiums, they claim something much more significant. + +Is there something I am missing here? +Just wanted to get some thoughts from people that may be more experienced than me analyzing semiconductors. I understand they are not direct competitors however they are both competitively priced imo. MU seems to be poised for higher growth in the short term with memory demand ramping up while INTC seems to be poised to make a play to become americas first fab. Which one do you guys thing is a better bargain at current prices? + +Also if anyone can answer: is it a possibility that companies like Apple move to in house fabrication of chips in the future? +Hey I was wondering if what do you guys look for in a company's fundamentals that would justify paying for a stock with a high PE ratio let's say something with 40+? +Title basically. + +It seems like whenever I am 100% convince one of them is a better pick than the 2 others, something holds me back and eventually I start leaning towards another for a while before switching. + +So on so forth for about 2 months now. I know I could buy all 3 and call it a day, but I want to hear some opinions from this sub as to which you would pick and why? + +I still heavily lean towards TSM but something still makes me believe I might have missed something on mu or intc. +I’m a novice investor looking for more of a formal training in value investing. Preferably Online but would consider in person. Does such a thing exist?? I’ve talked to Phil Towns Rule 1 people. They offer a 18 month course for 14k. It’s 1-2 classes per week. Price seemed kinda steep but idk what might be out there. Any thoughts?? Thank you! +I only see positive things in CASS ticker. It is well positioned to take advantage of the interest rate rises because of the float from processing payments. It’s selling at cheap prices. It has a strong customer lock in, recurring service revenues, high margins and big pocket clients (BP, McDonalds, etc). And an average anual growth of 7%. + +Does anyone think it’s a bad investment? +What do you think about $ATVI ? Price plunged due to some issue with their CEO (out of intrinsic value of the company). Seems really interesting now and will come back previous level once everything is solved. However, I don't like the fact that Activision depends mostly on one single game to make their business : Call of Duty. Any thoughts ? +Powell talked about how hard to predict the balance sheet effect compared to interest rate as it is newer tool. +I didnt understand what exactly is this tool or change is about. +Do anyone understand this and care to explain pleaee ? +*EDIT: FTX has noticed the uproar from the community and has addressed this fear by splitting up the 45'000 BTC to multiple hotwallets. You will therefore no longer be able to replicate what I did this morning. More info here:* [*https://twitter.com/SBF\_FTX/status/1437808250611765255*](https://twitter.com/SBF_FTX/status/1437808250611765255) + +&#x200B; + +**Original post from this morning:** + +I was shook by this post here and had to immediately check if it's true: [https://www.reddit.com/r/CryptoCurrency/comments/pnsiq6/a\_big\_chunk\_of\_bitcoin\_is\_being\_moved\_around\_at/](https://www.reddit.com/r/CryptoCurrency/comments/pnsiq6/a_big_chunk_of_bitcoin_is_being_moved_around_at/) (the OP has since edited in my post). + +So apparently, the 45'000 BTC do not belong to FTX anymore and they're slowly being peeled. As per the statement of FTX's CEO ([https://twitter.com/SBF\_FTX/status/1437460791188467712?s=19](https://twitter.com/SBF_FTX/status/1437460791188467712?s=19)), all should be well. + +Now here comes my proof that the 45'000 BTC are still in full custody of FTX and nobody should be concerned (I know I was!) + +I just withdrew 0.01 BTC from FTX as you can see in this transaction: + +&#x200B; + +[0.01 BTC withdrawal from FTX](https://preview.redd.it/hw5scjt7rfn71.png?width=1400&format=png&auto=webp&s=dc65fdb1f01e461d50b4baf4f8e122d9ee46213e) + +And here is the transaction to my Wallet on chain: [https://blockchair.com/bitcoin/transaction/10c57fe4b8449c8353e74c04b6954782245c1a6b0ea3f9515b51f7515262567d?from=ftx](https://blockchair.com/bitcoin/transaction/10c57fe4b8449c8353e74c04b6954782245c1a6b0ea3f9515b51f7515262567d?from=ftx) + +It shows I received the 0.01 BTC from the 45'000 BTC moving stack. Therefore, the funds are 100% still in control of FTX. + +[0.01 BTC being sent from 45'000 BTC moving stack](https://preview.redd.it/3cj5tsc2rfn71.png?width=1125&format=png&auto=webp&s=7a649d4ec9a07e40a9229dcb06f54803e059f13f) + +Obviously, there is nothing to worry about and I cannot believe that nobody has tested this so far. + +As a community, we need to make sure rumors and fake news aren't spread. Make sure to share this post around wherever these rumors are being talked about. +I’m currently with Westpac, and have to say their technology side of things is really crap and old school. + +- Maximum 6 character password, only letters and numbers +- No authenticator app +- No location based security +- Still continues to send me paper statements for joint accounts +- The general UI for their online banking is old +- Can’t upload invoices or receipts against transactions or mark with labels like #tax +- Need to call or visit a branch to open a joint account + +Macquarie does all of these things, plus more so seamlessly online. + +So it begs me to question, which banks do you find are the best with their “smart” features? I’m about to leave Westpac and wondering which ones would be the best to go to. +So, I apparently owe the IRS $11,000, which came out of nowhere. I asked my tax preparer throughout the year if I would owe anything and he said - no - but as of yesterday I do. I always assumed I would owe after selling my 2-Family but he assured me that we had no cap gains. We didn't really prepare for this. We have the $11,000 but it would wipe out much of our "oh shit" reserve fund. + +Do I have options when it comes to paying this? Can I push it off? I am installing solar in May and I am looking to get back $15,000 on next year's return because of it. Any chance I can defer the $11,000 until next year? +I posted this yesterday but it got lost in pictures of the last 10 minutes of trade. Reposting now for greater discussion. + +[Dear Journal, I smell smoke.](https://preview.redd.it/w1f3vcdb3n771.png?width=832&format=png&auto=webp&s=424877430b361c5060c248c2507d1f2b0606ef7f) + +Good afternoon Apes, + +Once again, I don't know anything. Do whatever with yourself. +Also, 4 hour rule and don't make me into "a guy." + +**TLDR**: I think the Fixed Income Clearing Corporation desperately needs it's requested questionable rule changes to [SR-FICC-2021-003](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-003.pdf) for MOASS. The SEC filed to extend the approval/disapproval date to Aug 30, 2021. No dates, don't care but I'm killing time and learning. + +[Federal Register Filings](https://www.federalregister.gov/documents/search?conditions%5Bterm%5D=SR-FICC-2021-003&order=newest) + +\*\*Short Background:\*\* +The [Fixed Income Clearing Corporation](https://www.investopedia.com/terms/f/ficc.asp) (FICC) has 2 divisions: + +* **GSD**: The GSD is responsible for handling new fixed-income issues and reselling government securities. The division provides netting for trades in U.S. government debt issues, including [repurchase agreements](https://www.investopedia.com/terms/r/repurchaseagreement.asp) (repos) or [reverse repurchase agreement](https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp) transactions (reverse repos). +* **MBSD**: The MBS division of the FICC provides real-time automated and trade matching, trade confirmation, risk management, [netting](https://www.investopedia.com/terms/n/netting.asp), and electronic pool notification (EPN) to the MBS market. + +# On May 12, 2021, the FICC submitted to the SEC a request to modify [SR-FICC-2021-003](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-003.pdf) : + +1. **add a new service** offering, which would allow a Sponsoring Member to submit for clearing Repo Transactions with its Sponsored Members on securities that are represented by Generic CUSIP Numbers and held under a triparty custodial arrangement (the “Sponsored GC Service”) +2. **add language** to Rule 3A to allow FICC to recognize, for Capped Contingency Liquidity Facility® (“CCLF”) calculation purposes, any offsetting settlement obligations as between a Sponsoring Member's netting account and its Sponsoring Member Omnibus Account to ensure that a Sponsoring Member's CCLF obligation is calculated in a manner that more closely aligns with the liquidity risk associated with Sponsored Member Trades +3. **remove the requirement** from Section 2 of Rule 3A that a Sponsoring Member provide a **quarterly representation to FICC** **that each of its Sponsored Members is a “qualified institutional buyer”** as defined in Rule 144A of the Securities Act of 1933, as amended (“Rule 144A”), or is a legal entity that, although not organized as an entity specifically listed in paragraph (a)(1)(i) of Rule 144A, satisfies the financial requirements necessary to be a “qualified institutional buyer” as specified in that paragraph + +[We all have wants and needs.](https://preview.redd.it/f1ew9w973n771.png?width=610&format=png&auto=webp&s=bf1521cff5bcce32efee8ba19b125c15ca910c4a) + +# What do? I'm not sure but here's what I've gathered: + +# 1. NEW SERVICE OFFERING: + +It sounds like the FICC intends to add a sort of members only netting/repo/reserve account to it's GSD. I really don't understand all of this right now but it seems like a private club for repo. As an alternative and/or buffer for the FED. + +[Plz help, \<3 FICC](https://preview.redd.it/svk3vlelkn771.png?width=605&format=png&auto=webp&s=32f968bd28569dcb282b1846b698700c053921d9) + +**This new service seems to be extremely important to protect the liquidity of the FICC.** + +[The FICC seems hell bent on making sure they have a layer of protection against their Member defaulting. ](https://preview.redd.it/9uidg4m0nn771.png?width=605&format=png&auto=webp&s=2a9a0566d5f501f7ee7caea826c6f4fbaa1e48d5) + +This new service seems critical. I don't know how liquidity works for the FICC but they are responsible for settling Mortgage Backed Securities and Treasury Bonds.The FICC wants to create and entirely new holding service for entities that may or may not meet the standards of Rule 144A of the Securities Act of 1933 and they're all going to watch themselves. (We'll get to that in a moment) + +&#x200B; + +# 2. LANGUAGE CHANGE: + +This is another rule change designed to protect the FICC as much as possible behind a shield of Sponsored Members, who can hide behind a shield of “qualified institutional buyers.” + +[ liquidity risk to FICC is only increased to the extent the Sponsoring Member enters into a Repo Transaction with a third-party Netting Member that is novated to FICC. Such a Repo Transaction creates liquidity risk to FICC because, in the event of the Sponsoring Member's default, FICC is required to settle with such third-party Netting Member. ](https://preview.redd.it/p5knr8i2pn771.png?width=626&format=png&auto=webp&s=b104e6988720ad1e800f2b43307d3ff002572823) + +It goes on to explain the obligations of it's Members and Sponsors when the house of cards begins to fall. I'll leave it to someone else to explain any of that. + +&#x200B; + +# 3. REMOVING QUARTLY REPORTING + +This one I like. + +They argue to remove the quarterly reporting requirement because it's too much work: + +[ Section 3\(d\) of Rule 3A separately requires a Sponsoring Member to notify FICC if its Sponsored Member is no longer either a “qualified institutional buyer ](https://preview.redd.it/iieqc90den771.png?width=611&format=png&auto=webp&s=b34a19bb8a8efc3b2482936c7f00c7ebcc7a7e64) + +&#x200B; + +* The *current* SR-FICC-2021-003 allows a Netting Member to Sponsor a "qualified institutional buyer" so they may access this new service, provided the "qualified institutional buyer" meets the requirements of [Rule 144A](https://www.investopedia.com/terms/r/rule144a.asp) of Securities Exchange Act of 1934 +* The FICC has filed to allow a Netting Member to Sponsor a "qualified institutional buyer" **without reporting if this institutional buyer meets the requirements to be "qualified."** +* **It reads as tho an "institutional buyer" could be Sponsored by a netting Member and is only reported once they're not longer in good standing. WHAT?!** + +If redundancy is the argument and they could chose to report before/after, why would they remove the reporting requirement when ADDING a "qualified institutional buyer?"Mind you, this reporting requirement is to ensure the "qualified institutional buyer" meets Rule 144A, or satisfies the financial requirements necessary to be a “**qualified** institutional buyer. + +\*\*Why not remove the other half of this redundancy?\*\*What good does it do to report, *"Oh yeah, those guys probably shouldn't have been in here but they're gone now, so we cool, we cool."* + +&#x200B; + +# Who's going to babysit these Members and their institutional buyers within this new service? + +Themselves of course! + +[You kids play safe, dad's gonna get a pack of smokes. I'll come check on you from time to time. Foods in the fridge, you know the drill.](https://preview.redd.it/0p636gu7zn771.png?width=647&format=png&auto=webp&s=6baad04d790031f38d9e84290d868e5c5c033e2b) + +Honestly, this does seem like they're going to be on top of it. Hourly, (or more frequent) is strict. + +Props to the "Nonetheless." + +&#x200B; + +# THE END + +&#x200B; + +Again, 6/24/21 SEC ^((anyone else type sex?)) published [86 FR 33420](https://www.federalregister.gov/documents/2021/06/24/2021-13287/self-regulatory-organizations-fixed-income-clearing-corporation-notice-of-designation-of-longer) in response to FICC's filing. + +[ Accordingly, pursuant to Section 19\(b\)\(2\) of the Act \[5\] and for the reasons stated above, the Commission designates August 30, 2021, as the date by which the Commission should either approve or disapprove the Proposed Rule Change SR-FICC-2021-003.](https://preview.redd.it/7jr30nexnn771.png?width=622&format=png&auto=webp&s=e7c17a4a4a91c56b4657c0877642b71ff4757d39) + +Well this has been fun. + +I like the stock and I like long term investing with companies I support. I also like government accountability and transparency. I welcome anyone with a brain to *try* and imply that I, we, you or any retail investor is manipulating anything. My cards are on the table and I'm not hiding anything from anyone. + +***I own GME and I don't intend to sell it!*** + +Your turn WallStreet, let's see your hand. + +\~Semper +I am a full time employee and I don't have much time in my hands to read about stocks. + +So my main investment is MF. I have started investing late and I am still a beginner + +So far my MF investments are - +1. UTI nifty index +2. Ppfas +3. Pgim midcap +4. Tata digital fund +5. Elss - mirae - as per need + + +Discontinued - Axis bluechip + +While I plan to do manual SIPs in the above 5 MFs, I do want to select some good stocks as a side investment. So far I have selected - + +- Asian paints + +- reliance / HUL + +- TCS / Infosys / happiest minds + +- Deepak Nitrite / aarti industries + +- irctc + +- HDFC + +- campus + +My dilemma is on one hand, the consistent compounders are being invested in by the MFs I have invested in, but on the other hand, I do want to have them in my profile rather than going for only midcap and smallcap as these are good stocks and I can't let go of them from my stocks. But this is going to have a lot of overlap. + +So how do you invest in MFs and stocks + +nb - only for educational purposes, this post is made. +*Two Small Finance Banks (SFBs) - Fincare and Utkarsh - filed their DRHPs with SEBI in early August - within a week of each other! Both are IPOing since they have to - they are mandated (per RBI guidelines) to go public within 3 years of crossing networth of Rs. 500 crores, and they've both hit this timeline.* + +*Not here to give you buy/ sell recommendations for the IPOs, but will instead articulate a framework to help you evaluate SFBs - including the business model and the key factors this business is sensitive to.* + +**Background: Utkarsh & Fincare SFB** + +**Basic overview** + +Fincare and Utkarsh both commenced operations as small finance banks (SFBs) in 2017, after receiving their SFB licenses from the RBI. + +Let's start with some basics - what are SFBs? They are a separate category of banks created with the idea of furthering the financial inclusion agenda. Here are some rules SFBs have to abide by: + +1. 75+% loans to priority sectors - i.e. underserved sectors (40% for other banks) +2. 50+% loans with ticket sizes of <=25 lakhs + +There are a total of 11 SFBs in India, and interestingly, most of these SFBs were micro finance institutions in their previous avatars (except AU and Shivalik cooperative bank). + +Let's now take a look at Fincare & Utkarsh. Here are some stats setting context on how large they are (numbers in crores) - we've compared them to Equitas & AU Bank, both listed SFBs. + +AU - 46K, Equitas - 19K, Utkarsh - 10.6K, Fincare - 7.5K + +&#x200B; + +**Why the IPO now?** + +One reason why Utkarsh and Fincare are hitting the public markets now is because they have to. + +RBI mandates that SFBs need to list within 3 years of their networth crossing the 500 crore mark. With this IPO they will join the list of 4 publicly listed SFBs - Ujjivan, AU, Equitas and Suryoday. + +Here is how they will use the proceeds: + +1. **Utkarsh:** Raising Rs. 500 crores to supplement its Tier 1 capital base. No offer for sale. +2. **Fincare:** Raising Rs. 625 crores to supplement its Tier 1 capital base. Offer for sale amount not determined. + +The fund infusion will give both SFBs enough room for future growth. Now that we have that out of the way, let's get into the economics of SFBs and how they compare to other commercial banks. + +**The SFB business model** + +**1.) High yields** (i.e. interest income as a % of advances)SFBs are targeting underserved consumers across retail + MSME, and this gives them higher pricing power (note that this pricing is still far lower than informal entities). In addition, SFBs have to price higher to account for higher risk. + +**Yields for SFBs range between 18-22% v/s Yields for banks like HDFC & Kotak are \~8%** + +&#x200B; + +**2.) High NIMs**It is important that higher yields translate into higher NIMs - i.e. the spread between the interest you charge and your borrowing costs. + +**NIMs for SFBs range between 5.4 - 9.4% v/s NIMs for banks like HDFC and Kotak are 4.2-4.9%** + +Remember, SFBs are banks - so they can take low cost deposits - this is obviously a large moat v/s what they had prior to becoming SFBs. Which means the higher yields do translate into higher NIMs, and the chart below clearly shows that. + +Now that we've articulated the key revenue drivers, let's move to expenses. + +**3.) Higher credit losses**Lending to the underserved implies higher delinquencies. Not only are SFBs susceptible to higher losses, but they also deal with customer segments that are very sensitive to macro economic shocks. The gross NPA numbers below clearly demonstrate this. + +**GNPA for SFBs range between 4-12% v/s GNPA for banks like HDFC and Kotak are 1.3%, 2.2% respectively.** + +Now higher losses are not necessarily a bad thing - as long as SFBs can appropriately price for risk (i.e. have higher yields & NIM commensurate to portfolio risk), they can deliver strong returns. + +But serving this segment comes at another cost... + +**4.) High operating expenses** + +The inclusion business is a high opex business. Lending to customers in rural areas requires a physical play in the form of feet on street acquisitions and cash collections. And collection costs only increase further with higher losses, and we have established this is something this segment is susceptible to. + +To ground this, let's look at Cost to Income (total operating expenses as a % of total income). CTI normalizes operating expenses to income and is a comparable metric across banks. + +**CTIs for SFBs range between 60-70% v/s CTIs for banks like HDFC and Kotak are <50%** + +Clearly, SFBs have higher CTIs. Note that some of this is driven by the fact that all SFBs just became banks and have had to upgrade their systems to offer new products including loans, deposits, net banking/ mobile experiences etc. - all of which translates to significant upfront set up costs. Some portion of the high CTIs will normalize over time, and AU is an example of this. + +Let's simplify the SFB business model into **three factors that need to fall in place for SFBs to do well:** + +1. **Scale deposits** \- Critical to reducing cost of funds and increasing NIMs. +2. **Cost efficiency** \- Reducing costs (CTI in the ideal waterfall above is 55% v/s current levels of 60+%). +3. **Loss resiliency** \- Not only managing losses to lower levels, but also building a resilient book. + +Let's evaluate Utkarsh, Fincare and the SFB bank model on the above three factors. + +**Utkarsh, Fincare and the 3 factor framework** + +**1. Scale Deposits** + +To evaluate, this let's look at two data points - deposit growth and growth in CASA ratio. The latter is the proportion of deposits coming from current and savings accounts - the higher the CASA, the lower the cost of deposits and therefore lower the cost of funds. + +Both Utkarsh and Fincare have grown their deposits + CASA meaningfully. That said, they both have more room for growth in their CASA, with Utkarsh having some catching up to do. + +**2. Improve Cost Efficiency** + +As mentioned earlier, the whole SFB pack (not just Utkarsh and Fincare) needs to bring down their CTIs - the ideal number for this metric is 55%. AU bank is definitely approaching this number, and we think 55% is a number the group can get to with scale. + +**3. Build Loss Resiliency** + +Like we've mentioned before, loss levels will be higher for SFBs given the underserved segments being targeted by them. Hence it is important this metric is not only managed to reasonable levels but also resilient to macro shocks. + +**Equitas and AU** stand out in terms of being resilient (losses didn't worsen as much as the rest of the pack over the pandemic).But why is this the case? The answer is that resilience over macro shocks is proportional to the concentration of the banks' Microfinance portfolio (MFI). + +**Fincare, Utkarsh MFI concentration = \~75%** + +Equitas's MFI concentration is sub-20%, while AU has no MFI exposure - both these SFBs have diverse non-MFI books, making their portfolio resilient to macro shocks. + +**We think the large MFI concentration for Utkarsh & Fincare is a huge drawback for the business**. These SFBs need to urgently diversify away into other segments and also need to demonstrate that they can build a sustainable non-MFI business. + +**So what are Utkarsh & Fincare worth?** + +Now the market will pay a premium for a business with superior economics. In this case, let's measure economics by return on equity. Hence, the market should pay a higher P/B multiple for a business with higher ROE. Let's test this out... + +ROE, P/B + +**AU - 16.6%, 5.7** + +**Equitas - 7.4%, 1.3** + +**HDFC - 14.3%, 3.4** + +**Fincare & Utkarsh ROEs = 0.8%, 4.2%** + +Clearly, the trend holds - higher ROEs get higher P/Bs. Now it's upto you to decide what P/Bs are reasonable for Utkarsh and Fincare! + +We'd encourage you to not just look at the current ROE but also use the 3 factor framework to evaluate where the ROEs might be headed in the future. + +***Would you subscribe to either Utkarsh or Fincare? Let us know if you agree with our valuation framework!*** + +Note - all data reported are FY22 numbers + +[https://zcharts.rupeezen.com/utkarsh-fincare-ipos-coming-soon-worth-it/](https://zcharts.rupeezen.com/utkarsh-fincare-ipos-coming-soon-worth-it/) +Good Day Everyone. + +Recently I started renovating my house and the budget seems to be getting a little over by 5 L. + +I have credit card with 6.5L limit and would like your opinion on getting funds from my credit card to my bank account. + +1. I know many banks offer facility of Balance Transfer in their credit card. However I am not sure such transfer will offer interest free period or will be akin to cash withdrawal with interest starting immediately. +2. Another way is by transferring funds from credit card to any wallet like Paytm and thence to the bank account. However will it also have issues like Point 1 ? +3. Could Fund transferring by 'Rent' option be used ? +4. Will such transfer affect my Cibil score negatively ? + +I will get enough funds in a few weeks to repay the credit card bill so I don't want to take a personal loan and end up paying a high interest rate and months of EMIs. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +What is the best index fund option if you want to invest in a passive global all cap index fund ? For e.g Something like FTSE global all cap index fund offered by Vanguard. +I've been on the FIRE journey since I learned about it 2 or 3 years ago (when I also learned how many women around me didn't know about investing, some of whom weren't even contributing to their 401k). + +I've been doing everything I can to educate anyone willing to listen (started an investment education group at work), but I'm still concerned about the ladies. + +And then I see this Forbes article compete with 7 successful men's photos. No women. Not one. + https://www.forbes.com/sites/forbesfinancecouncil/2018/08/16/want-to-retire-early-try-these-seven-financial-strategies/ + +Give me hope for us! Where are the other FIRE women? +I just needed to share this somewhere. I have (or had!!) a collections account for $2000. Basically what happened was, about three/four years ago my very abusive ex went to jail and I was able to escape the apartment I was in. It was a month to month lease so I went to the property management, explained the entire situation, explained that in his fits of rage he had absolutely destroyed the unit by ripping off doors/punching holes in the way. They said as long as I left the unit within a few days and was agreeing to forfeit my deposit, they wouldn’t hold me liable for the damages. + +Out of sight out of mind. Except a year later I got a phone call from a collections company stating they sent me to collections. I don’t know why they went after me other than money is money and I’m likely easier to find considering the ex is in and out of jail and doesn’t work whereas I’ve been in the same general area for years and worked the entire time. It was for $2000. I got freaked out when they called and hung up to avoid admitting the debt was mine. + +The only thing holding back my credit score was this fucking collections account. I make every single payment on time, keep my utilization low, and pay the full balance on time every month. But having a huge collections account is obviously horrible for your score. Two of the credit bureaus didn’t recognize that I had an account in collections but my experian score still did. + +I disputed it once before and was denied. I didn’t want to start making payments on it but I didn’t want it to just sit there. I didn’t really have enough money sitting around in full until very recently but I was still hesitant even paying it. A month ago, I tried disputing it again. + +I got an email from experian this morning. Deleted from my report. The dispute fucking worked!!! My score went up this morning!! + +A huge weight off my shoulders done. I start my new job today too. It’s a great fucking day. +[https://www.theguardian.com/money/2021/jan/12/mps-warn-buy-now-pay-later-firms-could-be-the-next-wonga](https://www.theguardian.com/money/2021/jan/12/mps-warn-buy-now-pay-later-firms-could-be-the-next-wonga) + +What does everyone else think of this? Personally, I've seen so many options to buy now and pay later, even on very small purchases. It's becoming quite worrying. +[Working from home - Claim Tax Relief](https://www.gov.uk/tax-relief-for-employees/working-at-home) + +FYI as its not mentioned much here - I don't know how this play with Corona enforced lockdowns - but in general if you have to work from home you can claim £4 per week for it from HMRC. + +There is a quick calculator on the above website that shows if you'd be eligible or not. +**TL:DR - Ryan Cohen is singlehandedly creating systemic change to the finance industry, destroying malicious SHFs by completely eliminating abusive naked shorting on a whole basket of victimized securities; a result of bringing them onto the GME peer-to-peer blockchain exchange. This has been the plan since August 2020.** + +Lets rewind to August 2020, well before the coining of the phrase "meme stock". Tesla was the retail darling and the crypt toe scene was priming for it's most recent bull run. Some weird guy name DFV was being ridiculed by the main sub for playing a dying B&M. And then this happened: + +&#x200B; + +[RC Ventures SEC Filing dated August 28th](https://preview.redd.it/2d5utxlk60m81.png?width=1643&format=png&auto=webp&s=bf355a001454155f574c3ddcfc704fe120f156a5) + +Ryan Cohen bought his first position in gamestop, nearly 10% of outstanding shares. His first shares were bought between August 13th 2020 and August 28th 2020. What else happened during this time frame? Oh right, the climax of a short squeeze of epic proportions, where the stock ($OSTK) ran 5,000% in the span of a few months: + +&#x200B; + +[Pretty cool, but no MOASS \($OSTK\)](https://preview.redd.it/pfv7rylxb0m81.png?width=1175&format=png&auto=webp&s=08d8e09efd116d88372106865e08367c5ba47316) + +You might say hmm, that's a nice coincidence, but what does it have to do with RC's decision to go all-in on GME? Well, I believe it has **everything** to do with it. This stock in question is Overstock, which I'm sure most apes are familiar with. In case you aren't, it's a security which suffered from abusive naked shorting for years. It's former CEO, Patrick Byrne, was one of the few to speak out against wall street, specifically about naked shorting against his company. Unfortunately he became a quite controversial figure, and stepped down as CEO following revelations that he had been in an intimate relationship with Russian spy. Anyways, I digress. The point being is that Patrick tried everything to shake the shorts on his company, eventually invested into blockchain companies, including tZero (sound familiar?) and issued the world's (afaik) first crypto dividend in an attempt to shake off the shorts. Despite the subsequent lawsuits, his company ultimately won the litigation and set the precedent of crypto dividends in the future. + +You may say "OK Great, but I still think this is a coincidence. RC didn't buy into GME because of Overstock". Well let me inverse that logic. Let me ask you, if you saw the run that OSTK went on, assuming you have enough time and assets, **why wouldn't you replicate the squeeze but with a deeper value, more heavily shorted stock?** If you were to do this, the most logical stock to replicate this on is **the most shorted stock on any American exchange.** And guess what, at the time, Gamestop was the only stock shorted **more than 100%** of it's outstanding shares. That, along with it's proximity to tech/blockchain sector (to allow for plausible deniability of price manipulation and a reasonable strategic pivot into the blockchain space) made gamestop the obvious choice. + +&#x200B; + +But Ryan is smart and had second mover advantage. He saw Overstock's squeeze as a temporary fix, merely a band-aid on a systemic issue. See Overstock is still a heavily shorted stock. Sure it's trading at a valuation several multiples higher than before, but one could make the case that it's still manipulated and true price discovery hasn't occurred. It's price movements correspond more with the meme basket than SPY. With a crypto dividend, the SHF could merely pay a cash equivalent for the dividend and call it day. Good for a little squeeze, a little temporary relief. Ryan's not one to do anything half ass, RC wanted to stop naked shorting once and for all. If only he, or his spouse, knew someone working on cutting edge tech to address this: + +[Credits GMEDD. RC's spouse's first name redacted in this image for privacy reasons. ](https://preview.redd.it/5jq6wuvsh0m81.png?width=600&format=png&auto=webp&s=a0bb7530a32a1188422e5a30990403f9ab2b4398) + +Finestone hmmm... now why does that name ring a bell. OH RIGHT. Matthew Finestone of Loopring. Wait no, he left for a once-in-a-lifetime perfect-timing, far-reaching opportunity at Gamestop. Matthew Finestone, a former **Bond Trader and Fixed Income Trader** at an Investment Bank, with a **Market Structure Background.** Loopring, a company which has patents to **prevent front-running transactions on decentralized exchanges**. I think most of us at this point are familiar with the theory that loopring's role with gamestop is to provide a decentralized stock exchange. If you aren't please read this incredible DD by u/bosshax: [https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop\_loopring\_tokenized\_peer\_to\_peer\_stock/](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) + +If this theory is correct, this would eliminate **ALL NAKED SHORTING** of the security. Trading of GME would be limited to 76M shares at any given time, and more importantly, there would actually be price discovery of the security, something which the NYSE CEO has even admitted isn't happening right now. + +Ok, so we'll have MOASS if we bring GME onto a decentralized exchange which GME facilitates. End game right? Well, like I said, RC isn't someone to do anything half ass. He dislikes naked shorting so much that he's looking for systemic change. Don't believe me? He said it himself yesterday: + +[Letter to BBBY](https://preview.redd.it/5786rbebl0m81.png?width=948&format=png&auto=webp&s=19722b37249b7e97644d245ef1dc54048afc562e) + +The great thing about a decentralized stock exchange, once the infrastructure is there it's very scalable. Any stock would be to trade on it. Which companies would be most incentivized to do this? Ones targeted by predatory shorting of course. A company like BBBY. Or maybe even just their successful Baby brand. Really, any of the meme basket would be silly not to join this exchange. + +How would bringing these victimized securities over to the blockchain be reflected in the price of the security? Let me give you a hint: + +[RC's BBBY $80 Strike Calls...](https://preview.redd.it/qgse9t88n0m81.png?width=1901&format=png&auto=webp&s=470a2be3d5f947000e7a51313bfb19d6860ef657) + +Now that's a CHAD move if I ever seen once. I could go on and on, but I think I'll stop here. + +**TL:DR - Ryan Cohen is singlehandedly creating systemic change to the finance industry, destroying malicious SHFs by completely eliminating abusive naked shorting on a whole basket of victimized securities; a result of bringing them onto the GME peer-to-peer blockchain exchange. This has been the plan since August 2020.** +A supreme example of how the general principles can be applied is the case of Sir William Burrell, who inherited the family steamship company in the late nineteenth century and ran it with such success that he was able to retire relatively young and devote the rest of his life to collecting artefacts which are now housed in the Burrell Museum in Glasgow. He made an enormous amount of money out of shipping. How? The following is an extract from a letter written by the eminent Scottish architect Sir Robert Lorimer to an Australian friend in January 1902. + +*His \[Sir William Burrell’s\] scheme is really the nimblest I’ve ever struck. He sells his fleet when there is the periodical boom and then puts his money into 3 per cent stock and lies back until things are absolutely in the gutter – soup kitchen times – everyone starving for a job. He then goes like a roaring lion. Orders a dozen steamers in a week, gets them built at rock bottom prices, less than half what they’d have cost him last year. Then by the time they’re delivered to him things have begun to improve a little bit and there he is ready with a tip top fleet of brand new steamers and owing to the cheap rate he’s had them built at, ready to carry cheaper than anybody. Sounds like a game anyone could play at but none of them have the pluck to do it. They simply sit and look at him ‘making money like slate stones’ as he expresses it.* +The amount is just over $10,000. I'm planning just to write them a check for the amount. Is there anything I need to know about before I do it? + +I read somewhere that gifts over a certain amount need taxes paid on them, and it looks like federally that limit is $14,000. I should be fine there unless Oregon has it's own rules that I don't see. +Boyfriend has started daytrading last week. So far we are down I want to be supportive he really believes this is something that he truly wants to do. I want to be supportive as well and I just am feeling sad that from the get go he’s not doing well. Is there some advice you guys can give me or maybe insight on how your girlfriends reacted when you started? +So I'm learning Trading and Technical Analysis for a few months now and I've got a psychological problem, I hope you guys can give me an advice. + +There are so many discussions, what works and what not, so I'm just lost and I don't know what is useful to learn and what is straight up bullshit. + +For example, Fib Retracements. I still can't figure out WHETHER it works, and if it works, WHY. Another examples are different styles in finding S/R levels, different indicators, etc. + +(in addition to this, people often say "it just works" as an answer to the question "why does it work?". I don't think it's a reasonable answer if you don't really know if it works in the first place.) + +You always find people, who are NOT dumb and who have experience in the financial markets, who say that TA doesn't work. +I'm sure that TA is not completely shit, but I'm still wandering in the dark, WHAT of all this isn't. +One trader makes this, but the other one says it doesn't work. Then they do the same thing, but have COMPLETE different kinds of doing that, such that it leads to different results completely, for example in finding S/R levels... + +It's just a mess. + +Everytime I learn something there is ALWAYS an argument why it is useless and that the one who proactively teaches it, is a scam. + +It seems like ALL THIS is a very big brew of different ideas that are not connected at all thrown in one pot, mixed, and given in small portions to people, and everyone just chooses whatever he wants to choose out of it. + +So what should I do to find out what to learn that is real and that can give an real edge? + +PS: +1. When I say "TA works", I always mean producing a winning expected value in the long run, NOT that it's a magic formula for 100% accuracy. +2. The same when I say "prediction". I just mean having a probability that the price will go in either direction. +3. I know, in TA nothing really works on itself. We always look at many tools, and if they line up (confluence), we take the trade. But putting random lines together that have no predictive power at all, would never give a more accurate prediction than when they were on their own. So we still have to know that what we are using is not horseshit. + +Edit: +Thank you for all your great answers! I appreciate it! +I hope it helps other lost people like me, too! +So this may not deserve a whole post but I had never seen this before and it seemed relevant. + +Near me, Prudential began taking up a billboard with the advertisement, "they say millennials are lazy. Retire early and prove them right." + +I have never seen an advertisement seeming to sell the fire idea as opposed to "hopefully you'll be able to retire eventually" mindset and I found it worth mentioning. + +Edit: after reading the rules, I just wanted to clarify that I am not an advertiser for prudential and have no financial gains. Just saw the ad and thought it was interesting to see fire mentioned elsewhere. +The title basically sums up my question but here's a little more background: I recently talked with a financial advisor from Northwestern Mutual about setting up a Roth IRA and investing about $500/month or $6000 annually. The account would be made up of mutual funds, stocks and bonds and the cut that N.M. would take would be 5.75% (with fees decreasing as the fund balance increases). I was going back and forth as to whether I could just invest this amount myself using an online brokerage account, but as much as I hate to have to pay these fees, I am not very well versed in investments, nor am I interested in doing market research, so I figured a financial planner would be the safer option. + +As I was thinking more about this situation, I started to wonder if it would make more sense to instead spend that money to pay down more on my home loan (toward the principal) and avoid paying so much interest. I currently owe around $226K with an interest rate of 3.125% over 30 years. + +So what do you think; invest or pay more on the mortgage? Any thoughts, strategies or personal experiences would be much appreciated! +Hello, + +So I have recently got a part-time job at McDonald's and do around 8-16 hours a week and earn £6.50 an hour. I asked members of the group on what to do with my money and many told me to invest in myself, for example, driving lessons, saving for uni etc. + +So I study Math, chemistry and biology at College and finding Maths quite tricky so decided to find a tutor and found one who charges £25 an hour. I am thinking to have an hour lesson every week. + +Do you think getting a tutor with my earnings is a good decision? + +Also, I thought about going further with this and maybe using most of the money on a tutor and do 2 hours a week instead of the one which would cost £50. + +Do you all think that I am spending my money wisely or should I be saving more or spending it differently? + +Thank you for reading and appreciate any feedback. + +Edit- I know many of you are saying why work for 4 hours to for 1-hour tuition? I completely see where you all are coming from. But the problem is that in the hours I am spending revising for maths I still have many questions that videos and websites on the internet can't help me understand. So if I had someone to ask the questions in real-time, that would help greatly. My teachers are quite busy at college so do not have time to help me in depth. + +Thanks +Hello all, I'll keep it short here but since I graduated college and found FIRE, I have essentially become obsessed with the idea almost to an extreme. Extreme to the point of which I would refuse to simply get a $2-3 drip coffee at a coffee shop with a friend when I could make it for a quarter as much at home, THAT extreme. + +I've been called a penny pincher and cheap of which in 99% of instances, I would says is accurate. And it has destroyed my quality of life in a pursuit of the all mighty dollar as I have lost so many relationships as a result of it. + +How do you guys strive for FI while having fun in the process? +WELL achieved record quarterly revenue of $10,227,000 during the 3 months ended March 31, 2020 representing 38% YoY growth, with an Adjusted EBITDA(1) loss of $245,932. + +WELL EMR Group digital services revenue was $1,704,299 for the quarter representing 918% YoY growth. These revenues are predominantly high margin recurring SaaS revenue from the Company's OSCAR EMR(2) related services. + +WELL's VirtualClinic+ telehealth service is experiencing strong growth as the Company has now onboarded well over 800 healthcare practitioners since launching at the beginning of March and has now surpassed over 1,000 virtual booked appointments(3) per day. + +The Company's clinical revenue is proving to be highly resilient as the corporate owned clinics continue to remain open throughout the COVID-19 pandemic and WELL's physicians were able to leverage WELL's fully OSCAR EMR compatible telehealth platform, VirtualClinic+. + +WELL has expanded its EMR footprint to over 1,500 clinics and more than 8,000 physicians with the acquisition Oscarservice Inc. dba Trinity Health Technologies ("THT") in the first quarter and the subsequent acquisition of MedBASE Software Inc. ("MedBASE") on May 1, 2020. + +https://stockhouse.com/news/press-releases/2020/05/15/well-health-reports-record-revenue-in-first-quarter-2020-with-918-increase-in +So much of our investing depends on the prevailing short term and long term interest rates. I've listened to so many newspaper people and financial economists promising higher interest rates in the future. + +Reality, we have been in a secular declining interest rate atmosphere since 1981. Aging populations, increasing levels of debt and lower levels of productivity vs previous decades are contributing to this (see Japan as a case study). + +My investments bank on lower interest rates in the medium future. As a good investor, I want to check my blind spots. I want to know the counter argument for higher interest rates in let's say 5 years. Looking for all responses, but if you say inflation let me know why CPI (not asset inflation will be still increasing in fives years, rather than just this year). **To be clear: I want to know why you think interest rates will be higher in 5 years than now since I strongly believe interest rates will be low and continue lower?** +That´s my bet. They already know that we are not going to sell and all them efforts are meant to keep the number of Apes low. For them, is more dangerous one more individual Ape with one share, that one veteran Ape buying another share. + +So they are doing everything that they can to missinform and make us look like fools. If one potential new investor is interested in GME, the only information that he is going to get easilly is that Superstonk is a cult and that we are wrong. They are trying to delegitimate all of us and all the DD. I´m on a trading group in Telegram of about one hundred nice and capable guys, and I´m still a clown for trusting all the GME DD. + +That´s their only hope, keeping the number of Apes as low as possible. + +They are fucking scared. So spread the word, more Apes means danger for them. + +Shorts never closed. Hedgies are fucked. DRS + +Keep DRSing even harder. +Hey everyone + +The Bank of England is considering creating a new form of public digital money, known as Central Bank Digital Currency. They've opened a [public survey](https://positivemoney.org/help-us-demand-access-to-public-digital-money-now/) that’s running until Tuesday asking if this new money should be accessible to the public or just private companies. + +Positive Money are asking people to respond, so that this potential game-changer has a genuine consultation with the public. They take the position that new central bank digital money should be truly public rather than handing more power to private banks and card companies, but it's obviously up to everyone how they want to respond. + +I'm sharing this here as a Central Bank Digital Currency could bring lots of benefits to people's personal finances, such as: + +➡️ We could all hold bank accounts directly at the Bank of England (perhaps with access  via the public Post Office), instead of relying on private banks + +➡️ It would make sure the unbanked or underbanked are no longer financially excluded and cut out extortionate banking fees + +➡️ It would allow the government to send money directly to households, so it could pave the way for policies like universal basic income +For those of you who want to know my thoughts, here they are: + +Netflix was meh. + +Does it change what I stand for? no. + +Has my opinion changed over the past 21 months? no. + +&#x200B; + +**So F\*CK the noise.** + +Bought more. 2,100 deep. I'm not f\*cking leaving. + +https://preview.redd.it/vsjraxoi80r91.jpg?width=1079&format=pjpg&auto=webp&s=13f0babc9c7153d3e542cfcbd3379d9ed86a4787 + +**DIAMOND.F\*CKING.HANDS** + +\#GMEtotheMOON + +\#LFG +My husband and I live well below our means we own our small but lovely home outright, drive paid for secondhand car and we are basically pretty minimalist so we save a lot. I work from home for myself now and my husband is on course for early retirement. + +We made the choice to be quiet about our financial situation because he especially has had family take advantage of him in the past. We aren't mean and do help family members out but we perfer to keep our money situation private. + +Because we are minimlist, don't have a fancy car quite a few people around us think we are much poorer and then patronise us and talk down to us about how great they are doing and how we need to work harder even a relative I know is up to her eyes in debt is like this all because we don't drive a flash car or live drapped in designer goods. + +As my mother would say these people know the price of everything and the value of nothing. + +Anyway do you have wealth but live a fairly minimalist lifestyle and if so do people just assume you are poor? + + +Finally getting my first deal rented. Was wondering what everyone’s criteria/process was for tenant screening and any other tips you seasoned pros can offer. + +Thanks for any advice. +Guten Morgen to this global band of Apes! 👋🦍 + +The velocity of Apes DRSing shares ahead of the MOASS is astounding! The dips of the past week have certainly helped many of us load up on some additional shares, and it's great to see so many of them leaving the DTCC's vaults and heading out to ComputerShare where they cannot be used to further manipulate the price. + +Of course, there are *many* signals that the next few weeks are going to be huge for Apes. Earnings is reported after close tomorrow. Citadel is reducing the ability of their clients to withdraw funds, which of course shows that they see a grim future ahead. The digital coins are showing all signs of turbulence, but Loopring and GameStop appear poised to make a huge announcement. Apes, this is truly a very special time in the GME Saga, and I'm proud to stand amongst such a Diamantenhände group. + +Today is Tuesday, December 7th, 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: **$169.98 / 150,60 €** *(volume: 1760)* +- 🟩 115 minutes in: $170.05 / 150,66 € *(volume: 1727)* +- 🟥 110 minutes in: $169.98 / 150,60 € *(volume: 1712)* +- 🟩 105 minutes in: $170.29 / 150,88 € *(volume: 1585)* +- 🟥 100 minutes in: $169.95 / 150,57 € *(volume: 1470)* +- 🟥 95 minutes in: $170.12 / 150,73 € *(volume: 1389)* +- 🟩 90 minutes in: $170.35 / 150,93 € *(volume: 1346)* +- 🟩 85 minutes in: $170.31 / 150,89 € *(volume: 1017)* +- 🟥 80 minutes in: $169.97 / 150,59 € *(volume: 994)* +- 🟥 75 minutes in: $170.02 / 150,64 € *(volume: 949)* +- 🟥 70 minutes in: $170.15 / 150,75 € *(volume: 790)* +- 🟩 65 minutes in: $170.24 / 150,83 € *(volume: 657)* +- 🟩 60 minutes in: $169.98 / 150,60 € *(volume: 629)* +- 🟩 55 minutes in: $169.95 / 150,57 € *(volume: 515)* +- 🟩 50 minutes in: $169.81 / 150,45 € *(volume: 505)* +- 🟥 45 minutes in: $169.76 / 150,40 € *(volume: 442)* +- 🟩 40 minutes in: $170.01 / 150,62 € *(volume: 429)* +- ⬜ 35 minutes in: $169.81 / 150,45 € *(volume: 418)* +- 🟥 30 minutes in: $169.81 / 150,45 € *(volume: 336)* +- 🟩 25 minutes in: $170.07 / 150,68 € *(volume: 192)* +- 🟥 20 minutes in: $169.90 / 150,52 € *(volume: 183)* +- 🟩 15 minutes in: $169.90 / 150,53 € *(volume: 135)* +- ⬜ 10 minutes in: $169.90 / 150,52 € *(volume: 91)* +- 🟩 5 minutes in: $169.90 / 150,52 € *(volume: 90)* +- 🟩 0 minutes in: $169.77 / 150,41 € *(volume: 38)* +- 🟥 US close price: $167.12 / 148,06 € *($168.50 / 149,29 € 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 1.1287. 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! +Yesterday Sativa Wellness Group $SWEL $SCNNF said it launched a full membership scheme through its website and a new product range to include larger bottles of CBD oil. + +For members, 20% CBD oil in 30ml bottles will be 20% cheaper and 20% stronger than the cheapest CBD on the market, the company said. + +Under the new pricing scheme, a 30ml 20% CBD product will also offer members 50% more CBD or 50% less cost than the average prices of 20% CBD found on a recent review of well-known brands in the market, Sativa added, with other products in the newly launched range also offering significant discounts on competitors' prices. + +With its Goodbody brand guaranteeing the best quality and price on the market, Goodbody will guarantee a customer’s money back if a CBD oil of the same quality and strength as Goodbody CBD is found for a cheaper price. + +Executive chairman Geremy Thomas said: “CBD is a great product but is too expensive for consumers. Today Goodbody branded products will be offered to members at major discounts to competitor offerings. + +“Following falling prices of raw materials in the CBD market and improved efficiencies, we are delighted that due to our ability to manage and test the whole process we are able to lead the way in offering consumers the best quality at the best price, and, as a trusted brand we are prepared to put a guarantee behind that.” + +Announcing a new corporate strategy in the summer, Sativa said it planned to build a membership model for more predictable revenues as well as securing sales through well-known online platforms, extending its product range, secure distribution agreements throughout Europe and carry out M&A to increase its product range and revenue. + +SOURCE: [https://www.proactiveinvestors.co.uk/companies/news/960514/sativa-wellness-launches-membership-scheme-offering--50-more-cbd-or-50-less-cost--960514.html](https://www.proactiveinvestors.co.uk/companies/news/960514/sativa-wellness-launches-membership-scheme-offering--50-more-cbd-or-50-less-cost--960514.html) + +original news from yesterday: [https://www.accesswire.com/664339/Sativa-Wellness-Group-Announces-Launch-of-Its-Best-Price-Best-Quality-CBD-Oil-With-Guarantee](https://www.accesswire.com/664339/Sativa-Wellness-Group-Announces-Launch-of-Its-Best-Price-Best-Quality-CBD-Oil-With-Guarantee) + +In addition to that its recommanded to have a look into the interview with CEO Geremy Thomas. He explains why Sativa can offer high quality CBD at a lower price level then their competitors in UK and the reason why Sativa is doing this major step to push their CBD Business String. + +[https://www.proactiveinvestors.co.uk/companies/news/960514/sativa-wellness-launches-membership-scheme-offering--50-more-cbd-or-50-less-cost--960514.html](https://www.proactiveinvestors.co.uk/companies/news/960514/sativa-wellness-launches-membership-scheme-offering--50-more-cbd-or-50-less-cost--960514.html) + +From my point of view its the major step for the company to gain more market share of the UK CBD market. + +note: I'm a german shareholder having 175k shares at an avg of 0,051€ | 0,076CAD | 0,060USD. That's not a financial advice. make your DD and decide on your own. +I am tired of losing money this week... just give out some insider trader please?? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +*Add a quick WOOOO BACK BABY to your comment* +Can someone help me figure out why the spike in [SCR.TO](https://SCR.TO) today? I am not seeing any news today and wondering what is causing the 14% jump. + is everyone still extremely bullish on it? Talked to their recruiter about the product openings and it seems like they are definitely ready to build an NoFreakingThing market place and expand their e-commerce presence with a focus on loyalty. I like the sound of it even though others I’ve talked to feel kind of meh on it from an industry standpoint. I understand the vision though and believe they can deliver as long as they have the right team. It seems like GME really is considering the fact that people like the stonk. + +What’re you’re thoughts on GME going forward? Can you see them as a major player in the space NoFreakingThing and/or the new FB name? It seems kind of obvious to me for them to really dig deep into those spaces but I guess everyone doesn’t get it yet. + +Update: https://twitter.com/marketrebels/status/1479204098457186304?s=21 +Ive been employed 3 years at my current role as a senior dev, only given 2.5% pay rise from my base over said 3 year period; this pay bump doesnt even track inflation. covid has also pushed up the average wage, where by my current salary = mid level rates right now. One recuriter told me recently wages have risen because covid put the brakes on migration. + +on monday i have an end of year review where i will ask for more money. ive been researching avg salary numbers for my field and def underpaid right now. + +im wondering what site i can use to get the best statistics for salaries in my field. im a dotnet dev, >10 years xp. i manage a team . location is sydney + +i could potentially get 150k + based on the cold calls from recruiters. just looking for reliable stats to put my case forward. + +im at 107k right now +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Aug 18 2022): **170.28** + +---- + +→ Change from 2020 peak to now: **+24.3%** + +→ Change from all-time high to now: **-3.6%** + +→ Change from now for prediction to be correct: +**-59.8%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.1%** + +⇒ Average monthly change since all-time high: +**-1.1%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +There are all time highs **during** a global pandemic. + +The FED performing *liquidity testing theater* using financial data from october of last year...who the *fuck* fell for that? [Not other countries](https://www.reddit.com/r/Superstonk/comments/oyg0dg/the_worlds_largest_pension_fund_located_in_japan/), that's for sure! + +How about the same FED admitting to [new all time highs of institutional leverage?](https://www.reddit.com/r/Superstonk/comments/ojldzg/confirmation_bias_most_measures_of_hedge_fund/) + +Backroom dealing at the FED, 5 security card swipes before you can sit behind a trading algo at Citadel (*nevermind not even being able to mention their* ***name*** *on TV if you've worked anywhere NEAR the industry)*, and **"disclaimers"** about the possibility of inaccurate information on every SEC and SRO filing doc suggests to someone that manipulation would be protected by a layer of *plausible deniability*............**if that someone is a fuckin retard.** + +Not the good type of retard, either. + +I guess that's the worst part about bullshit financial media articles on the cusp of a financial meltdown...**the court of public opinion** tends to throw the manipulators to the wolves - *as well as their plausible deniability.* + +I don't care that Credit Suisse is HQ'd in Switzerland - neither does any other retail investor. CS wasn't the only Archegos patsy - and US politicians only have themselves to blame for turning banks/prime brokers into GSIBs. Now, they and their rich financial sector buddies are holding the bag. + +These assholes have built an existence around funnelling money out of the financial system under the [guise of **"capital formation"**](https://www.sec.gov/news/speech/2012-spch120312laahtm) and using data and algorithms meant to [trick people out of their money.](https://www.youtube.com/watch?v=5KOT0_I4Fvw) Megalomanics like Ken Griffin are abusing recent college grads with relatively cheap labor & insane hours so he can hire half of the financial world to put them all under NDAs and send extreme threats of litigation to the rest. + +That is why I hold. Now, **we know the playbook.** + +I've got big presents saved up for GME on market correction day/week/month. + +**tldr:** Time is about up for you dumb motherfuckers at the top of politics and finance to take a break from your removed-from-reality dinner parties where you drink champagne and compare notes on plastic surgeons while normal people try to avoid homelessness - that is unless you're too fucking ugly for those parties, *Jim Chanos.* +I'm curious, how many of you utilize buying calls and puts as part of your long term investing methodology? + +I know this is not a trading sub, I personally just buy and hodl stocks, I used to trend and swing trade but I never touched options. + +It seems like wealthy investors who probably don't consider themselves traders, take positions using options. + +I get the impression, or maybe misguided impression, that financially savvy investors and traders alike end up "graduating" to options. +Hey guys, I’m a recent university graduate and I have approximately 28k left in student loans. I recently got hired and my starting salary is 62k. I don’t have too many expenses at the moment and I was wondering if it would be wise to put $100/month into my TFSA and RRSP while paying aggressively paying off student loans? + +Thank you +Guys, for those of you in the beginning stages of trading, a tip of advice that will save you. DON'T TAKE ADVICE FROM THE INTERNET. Look I have been trading on and off for four years. I laugh when people call me an expert. I am not. In fact, there is no such thing as a forex expert. You can't predict this shit. There are tools to help you make a prediction, but in the end of the day, forex is entropy. It is chaos and complete randomness. + +The next time someone tells you they are an expert, walk away. This shit isn't a science or get rich scheme. It is a way to expand disposable wealth, and by disposable I mean 10k minimum trading account. You aren't going to become a multimillion dollar LLC or have shell companies in belize to hold your forex profits over night, with your tiny 1k account. + +Keep it simple. Don't be stupid. Do your research, read, read, read. If you find yourself trading once or twice a week, because you are waiting for a particular price and your conditions of indicators. Good for you, that's what you should do. If it enters your set up, great, if not, oh well. And thats the hard part, patiece. Take for example a few days ago, i wanted to sell euro at 1.14, but the highest it went was 1.139. Oh well. We will get it next week. + +You are your own expert. By seeking others predictions and ideas, for example on tradingview, you are going to get overloaded with information. Great ideas, I will give you that, but you will find alot will contradict each other, though each one do have valid points and reasonig. Avoid that shit. + +The truth is you have to sit yourself for a day and look at the price action yourself, than see if the same pattern happens the second day, recognize that pattern than enter a trade. Don't use all your leverage. Go cheap and achieve small incrimental growth. Don't be a hero. You have to do everything yourself. I love this sub, but take everything "experts" tell you with a grain of salt. + + +Good luck guys. And remember, there is no such thing as a forex "expert". Everyone is just winging it, no one really knows what they are talking about. You can't control entropy. +Long story but I will try to keep it short. Matched a girl on Tinder a month ago. Been chatting a good amount. Have exchanged SFW pics... mainly because I was suspicious right from the start. She is very good looking (red flag, am I right?) and from Hong Kong (double red flag?). About a week ago, she starts asking if I ever trade anything and I say sometimes I trade stocks. She sends me a screenshot of her FX account which is +$72k in the past three months. Keep in mind I have never touched FX so I don't know how legit any of the screenshots are, but they look at least somewhat legit. + +She tells me I could make money too and she will help me. She tells me to research and download MT4. Today, she sends me a link to sunacmk.com and is walking me through the sign up process right now. + +I may be an idiot, but I am not a full blown idiot, at least not all the time. I am not entering any personal info into this site except my email address, and I am only creating a demo account and not giving any bank details. + +So, my question is this: is the gig already up, am I 100% for sure being scammed? Or can I keep seeing where this goes without putting myself at risk? Because I have plenty of time on my hands and I would love to see how this plays out so long as I don't lose all my money and/or identity. +I can't get signed up to Monzo because their emails just don't come through. I haven't heard anything from customer support either. + +So, suggestions? + +For daily use to help budgetting and free to use abroad would be nice. +It worked well for me but I waited until my kids were teenagers to start. Every dime they made I had them contribute into a Roth IRA. The idea of 50-60 years of untaxed growth is too tempting to pass up. + +If I had to do it over I would try to start even earlier. That is the plan when I have grandchildren. What strategies have people used to create income at an early age for their children so they can contribute to a Roth? I have a friend who paid his young children as camera models for the literature for his company. How awesome would it be to start funding a Roth for a newborn and get 80 years of untaxed growth. +Hi. I have been wheeling for the past 3-4 years. I thought I would share some of my learnings over the years. I would consider my experience wheeling as still limited, so any feedback would be appreciated. This is my opinion and I may be wrong. + +1. Cash secured puts (CSPs) are incredibly attractive. Why? Before I got into options,  I would research stocks to calculate the fair price at which I would be willing to buy. However that meant I never got to buy some stocks I liked or I had to wait long periods of time to buy. Of course, at times, I have raised the price at which I was willing to buy based on new information. With CSPs, you get paid to buy a stock at a lower price. Remember, a stock becomes less risky when it decreases in price and not the other way around. If a stock I like doesn't hit the strike price, thats fine. I keep the premiums. CSPs is getting paid for limit orders in time. + + +2. CSPs come with risks. Make sure you sell CSPs on stocks you wouldn't mind holding for the long term.  This has been said a lot in this sub before and I cannot stress it enough. Sure,  the premiums may be juicy for the meme stocks.  But one mistake can easily wipe out a years worth of premiums. In my opinion, selling puts on a meme stock is not much different than the wsb style gambling. It may even be worse. Again, one mistake can wipe out a years worth of premiums. Hell, in my regular stock picking experience,  I have made mistakes that would have been disastrous if done via CSP.  I first bought GE at 22 in 2017. I bought Newell brands for 32. Since these were small purchases, I was able to average down on both and am in the green now. With CSPs averaging down is often not possible. Be careful with meme stocks.  + + +3. Covered calls are great until they are not. What do I mean? There are certain stocks that are more suitable for wheeling than others. Back in 2017 - 2018, AMD was range bound between 10 to 14. I was actually pretty bullish on AMD. Made some decent gains selling CCs and felt like a genius. Untill it got assigned a final time and I was never able to get back in. If I had just held onto AMD, it would have beaten the premiums many times over. If you are really bullish on a stock, just buy and hold. Or at the least sell CCs above strike price. That being said, some stocks are ideal for selling CCs and wheeling. Stocks I have successfully sold CCs on are PFE VZ T CSCO. The premiums are low, but they have solid dividends. Combined with the CC and CSP premium, you can get 10%+ annualized returns pretty safely. In my view, that is pretty good.  + +4. Patience is important. I sold a few CSPs in Feb last year right before the Covid crash. I got assigned GM at 33. Fine, I thought. As the market started increasing mid year, I got impatient and sold CC on GM at 33 strike 120 days out. I thought it was highly unlikely that GM would hit that. It has since blown blown past 33. I severely underestimated how much GM could increase in 120 days. If you get caught on the wrong side of a CSP and are bullish on the company, be patient. Don't rush into selling CCs. Key is if you are bullish on the stock. There are exceptions to this rule. If you are not bullish and are caught holding with a meme stock, may be better to get out. See point 2.  + +Good luck and happy wheeling to all. +Are you guys seeing the IV on Tilray? It's like another GME right now, IV is hovering around 400-500% the last time I checked. How are you guys playing this? + +I just have 1- 45p 2/12 expiration, I dont think this momentum will come crashing down within the next 2 days. +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! +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +Yesterday, we again witnessed some great early momentum shut down by another short attack. We expect this, but it's great to see the confirmation that the short hedge funds still have to struggle daily to contain the mess they have gotten themselves into. There is no way out but to close the short positions, and at the rate they stack them up, the MOASS is inevitable. It certainly continues to feel like we're approaching the final stage of the MOASS saga, but we will HODL with Diamantenhände for however long it takes. Apes are here to stay, and there has never been a better time to buy and HODL GME. + +Today is Wednesday, August 18th, and you know what that means! Join other apes around the world to watch infrequent (but certainly regular!) updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$164.81 / 140,00 €** *(volume: 368)* +- 🟩 115 minutes in: $164.75 / 139,95 € *(volume: 308)* +- 🟩 110 minutes in: $164.59 / 139,81 € *(volume: 242)* +- 🟩 105 minutes in: $164.57 / 139,80 € *(volume: 242)* +- 🟥 100 minutes in: $164.35 / 139,61 € *(volume: 242)* +- 🟥 95 minutes in: $164.43 / 139,68 € *(volume: 217)* +- 🟥 90 minutes in: $164.62 / 139,84 € *(volume: 217)* +- 🟥 85 minutes in: $164.75 / 139,95 € *(volume: 213)* +- 🟥 80 minutes in: $164.96 / 140,12 € *(volume: 206)* +- 🟩 75 minutes in: $164.98 / 140,15 € *(volume: 197)* +- 🟩 70 minutes in: $164.35 / 139,61 € *(volume: 197)* +- 🟩 65 minutes in: $164.00 / 139,31 € *(volume: 193)* +- 🟥 60 minutes in: $163.93 / 139,25 € *(volume: 155)* +- 🟩 55 minutes in: $164.00 / 139,31 € *(volume: 155)* +- ⬜ 50 minutes in: $163.93 / 139,25 € *(volume: 154)* +- ⬜ 45 minutes in: $163.93 / 139,25 € *(volume: 143)* +- ⬜ 40 minutes in: $163.93 / 139,25 € *(volume: 141)* +- 🟥 35 minutes in: $163.93 / 139,25 € *(volume: 131)* +- 🟥 30 minutes in: $163.94 / 139,26 € *(volume: 121)* +- ⬜ 25 minutes in: $163.98 / 139,30 € *(volume: 108)* +- 🟥 20 minutes in: $163.98 / 139,30 € *(volume: 108)* +- 🟩 15 minutes in: $164.06 / 139,36 € *(volume: 106)* +- 🟥 10 minutes in: $164.01 / 139,32 € *(volume: 101)* +- 🟥 5 minutes in: $164.22 / 139,50 € *(volume: 62)* +- 🟩 0 minutes in: $164.31 / 139,57 € *(volume: 62)* +- 🟥 US close price: $163.55 / 138,93 € *($163.01 / 138,47 € 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 1.1772. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Long story short I am working as a software developer. Few months ago I decided to change my job - I have been with them for 3 years it was very secure position. + +I applied to this company went through interview process accepted the offer and started my 2 months notice period in my current job. + +On the first day of my new job, 2 minutes after I arrived to the offices, I was called to the HR and I was told that due to an unforeseen financial circumstances they can't proceed with my employment and they are letting me go. + +I got offered week salary + 3 weeks worth of compensation. + +First of all I feel used, the position wasn't a contracting one it was a full time job. I left very secure position for them and I feel like one month of a compensation is not enough. I am on a job searching train now but with a usual time consuming processes I am afraid it can take longer then a month - and it is very stressful. + +I am looking for some advice: + +First of all where should I go to get some legal advice? + +Am I correct in thinking that I should be compensated more? + +PS: My contract was signed by both sides I had a 1 month notice period. I could provide more information when requested. + +Thank you. + +&#x200B; + +**EDIT 1: Thank you for all your support and thoughts. I really appreciate all the information I got in this post. I guess I just needed to talk about this with some strangers. Thank you again.** + +**EDIT 2: Thank you to all the people who offered a help with finding a job and have suggestion about how to get one. I am fine on this front. The only problem I had with it is that I was worrying about the time it could take to find a right job and a stress associated with it. But I think I have it covered.** + +&#x200B; +Regardless of how much you earn or where you are in your career, I’d love to hear some positive stories about achievements in people’s careers. + +It could be changing career paths, getting that promotion, making a difference, closing a sale, or completing a major project - it might even be all of those at once or a whole lot more! + +Whatever it is, let us know the achievement you’re most proud of so far. +So my mum retired a few months ago and I don't believe she's taken the severity of the situation she's in seriously. + +Numbers: + +£1,060 per month from private pension (teachers) + +£60,000 lump sum after loans. + +Current Situation: + +Pays around £900 per month rent (nothing owned) + +Hasn't topped up NI (not sure how much she'll have to but has worked her whole life) + +No investments + +Is 61 so without public pension yet. + +I think she's spending more than she should in her current situation. + +---- + +Am I wrong to be worrying? Is there anything I need to suggest or what would you consider? + +I was thinking of suggesting of that 60k maybe 20k per year (ISA limit) needs to go into a Fidelity World type of Fund. +"When Bitcoin hits that million your coffee will have been $10,350." + +"That pizza gonna be $46 million dollar pizza in the future" + +"Just hodl bitcoin. Don't buy something with it" + +Please, don't say that. That's terrible mindset. It makes other people misunderstand. If you don't want to lose bitcoin before the price goes up, you just buy more bitcoin before or after you purchase something with bitcoin. Or sell your house for buying more bitcoin. + +The real value of bitcoin depends on how many transactions that purchase with bitcoin. If nobody purchases anything with bitcoin, bitcoin will become worthless. Hodling or storing bitcoin never help the community anyway. + +We have to promote trading bitcoin and purchasing with bitcoin. + +I recommend purchasing with bitcoin at the store that discount when we paying with bitcoin. That's helping the store, help the community, and help the buyer at the same time. + +*** Adding Something (Edit) *** + +Yeah, I agree with someone. We shouldn't use bitcoin in stores where it is more expensive and high fee. We shouldn't support this business model. + +BUT, But, But Using bitcoin helps adoption which increases the price of bitcoin. We need the benefits of bitcoin just to persuade merchants to accept it by using it. We can receive the benefit from bitcoin right now. Such as I use bitcoin for moving money abroad because it is the cheapest way. I still use bitcoin at stores that discount. Someone use bitcoin at dark markets. Someone use bitcoin to be paid by people who can not pay me cheaper by other ways. +I just started investing in dividends with some spare pocket lint, any advice on what to buy next? Goal is 20 stocks(w/ dividends), I’m up to 10 as of now. +I know a lot of people here own O (not Oprah), but I've heard good things - better things! - about STOR. What do you think about STOR in comparison to O? + +More generally, what place does REIT investing hold in your portfolio? Why do you invest in REITs - further diversification? Do you feel like you have to actively monitor (say, once a month, or once a quarter) a stock like O or STOR, where you wouldn't necessarily do that with an ETF because that's what you're paying for with your expense fee? + +Anybody got any general tips for REIT investing? I haven't done it before, and I'm curious. +I’ve been reading about strategies where you generate buy and sell signal based on when moving averages of different look back periods cross each other. I was wondering if anyone was aware of research that studies this from a statistical perspective. I’m interested in questions like can you turn the buy/sell signals into a significance test? Can you assign a probability and variance to the buy and sell signals? +I’m curious how everyone plans to deal with our current environment and inflation. + +I’ll start, + +I have a variable mortgage. + +I have a HELOC linked to said mortgage. + +HELOC is my only debt other than a 0% vehicle loan. I will never put any extra money towards this loan. + +I am abandoning my DCA strategy for the time being in order to fully pay off my HELOC and pay down my mortgage. + +I am not selling any stocks, I will continue to hold my investments and will potentially start adding back into the market as opposed to mortgage if a rebound becomes clear(will still pay off HELOC completely). + +I view this essentially as shifting my investments from stocks to bonds. I have debt, so literally no reason to buy bonds IMO. + +This is what works for me, my personality, my finances, and my asset allocation so I do not recommend this for anyone else however I am curious to know what YOU are doing. + +Look forward to it 👍 +Not often do you see a large-cap ($10B+) company undervalued by over 25%, especially if it's a defensive stock. + +IMO Loblaw ( [L.TO](https://finance.yahoo.com/quote/L.TO?p=L.TO&.tsrc=fin-srch) ) is. Here are my reasons, would love to hear your thoughts. + +* Beat 2019 Q3 Sales numbers in Q3 2020 by...$1 Billion dollars (up 7%) +* 2020 YTD Sales is up 8%...+ $2.9 Billion dollars +* Shoppers Drugmart has seen sales increase by 6% +* Shoppers Drugmart has been in discussion with the feds/provinces as vaccine distribution centers (90% of Canadians live within 10 Km of a Loblaw brand store) +* FWD P/E = 12.8, lower than Metro (14.9) and Couche-Tard (20.3) +* Incredibly low P/S of 0.43 and reasonable P/B of 2.03 +* Ignoring the March Crash, the price per share hasn't been this cheap since \~ December 2018. +* There are 6% FEWER shares outstanding since that time (372M--->350M) + +Here is the kicker: + +* The share price is down -11.4% in the last 12 months. +* Analysts have an average Price Target of $77 (23% upside) +* Safe 2% dividend +Hi r/stocks! + +I just stumbled across this during my weekend reads this afternoon and just thought it was worth sharing with all of you guys in here as well. + +Listed below are the max. % pullback on each respective bear markets; bear market start; bear market bottom; recovery back to new highs; and finally the catalyst for the bear market. + +I hope you all enjoy this little read through of the previous U.S. bear markets! + +***** + +#The Bear Market of 1956-1957: + +> **Max. Pullback:** -21.5% + +> **Start:** August 6th, 1956 + +> **Bottom:** October 22th 1957. + +> **Recovery:** Septemer 24th, 1958 (15 months to bottom; 11 months for recovery) + +> **Catalyst:** The "Eisenhower Recession" of 1957-'58 that lasted 8 months. + +***** + +#The Bear Market of 1961-1962: + +> **Max. Pullback:** -28% + +> **Start:** December 13th, 1961 + +> **Bottom:** June 26th, 1962 + +> **Recovery:** September 3rd, 1963 (7 months to bottom; 14 months for recovery) + +> **Catalyst:** Flash Crash of 1961-'62: The "Kennedy Slide". Market came close to the bottom again during the Cuban Missile Crisis in Oct 1962. + +***** + +#The Bear Market of 1966: + +> **Max. Pullback:** -22.2% + +> **Start:** February 10th, 1966 + +> **Bottom:** October 7th, 1966 + +> **Recovery:** May 4th, 1967 (8 months to bottom; 7 months for recovery) + +> **Catalyst:** Financial Crisis/Credit Crunch of 1966. + +***** + +#The Bear Market of 1968-1970: + +> **Max. Pullback:** -36.1% + +> **Start:** December 2nd, 1968 + +> **Bottom:** May 26th, 1970 + +> **Recovery:** March 6th, 1972 (18 months to bottom; 22 months for recovery) + +> **Catalyst:** 1969-'70 Recession - a "mild one" that lasted 11 months. + +***** + +#The Bear Market of 1973-1974: + +> **Max. Pullback:** -48.2% + +> **Start:** January 12th, 1973 + +> **Bottom:** October 3rd, 1974 + +> **Recovery:** July 17th, 1980 (21 months to bottom; 70 months for recovery) + +> **Catalyst:** Oil crisis of 1973, 1973-'75 recession that lasted 17 months, stagflation (high unemployment & high inflation). + +***** + +#The Bear Market of 1980-1982: + +> **Max. Pullback:** -27.1% + +> **Start:** November 21st 1980 + +> **Bottom:** August 12th, 1982 + +> **Recovery:** November 3rd, 1982 (21 months to bottom; 3 months for recovery) + +> **Catalyst:** Volcker tightening and 1981-'82 recession that lasted 18 months. Recession ended in 1982, as bear market recovered to prior peak. + +***** + +#The Bear Market of 1987: + +> **Max. Pullback:** -33.5% + +> **Start:** August 26th, 1987 + +> **Bottom:** December 4th, 1987 + +> **Recovery:** July 26th, 1989 (3 months to bottom; 20 months for recovery) + +> **Catalyst:** Black Monday (Oct 19), but bottom was only in Dec. Recovery surprisingly long but Fed made a series of rate hikes in 1988 to fight inflation. + +***** + +#The Bear Market of 2000-2002: + +> **Max. Pullback:** -49.1% + +> **Start:** March 27th, 2000 + +> **Bottom:** October 9th, 2002 + +> **Recovery:** May 30th, 2007 (31 months to bottom - 56 months for recovery) + +> **Catalyst:** Dot-com crash, 2001 recession, 9/11. + +***** + +#The Bear Market of 2007-2009: + +> **Max. Pullback:** -56.8% + +> **Start:** October 10th 2007 + +> **Bottom:** March 9th, 2009 + +> **Recovery:** March 28th, 2013 (17 months to bottom; 49 months for recovery) + +> **Catalyst:** Housig bubble crash, Great Financial Crisis. + +***** + +#The Bear Market of 2020-?: + +> **Max. Pullback:** -26.7% (so far...) + +> **Start:** February 20th, 2020 + +> **Bottom:** ? + +> **Recovery:** ? + +> **Catalyst:** COVID-19. + +***** + +#Conclusions: + +> Worse the drawdown, larger the gain required to hit prior peak. + +> * -20% -> +25% to recover +> * -25% -> +33% +> * -30% -> +43% +> * -35% -> +54% +> * -50% -> +100% +> * -60% -> +150% + +> In other words, deeper the drawdown, longer the recovery. (eg, 1973-'74, 2000-'02, 2007-'09) + +***** + +#Last but not least: + +> Since 1950- + +> **Fastest crash:** 1987 bear market (3 months) + +> **Fastest recovery:** 1980-1982 bear market (3 months) + +> 6 out of 9 bear markets came amid recessions. + +> 3 of the worst bear markets came amid deep recessions (1973-'74, 2000-'02, 2007-'09). + +***** + +Apologies for this long post! Thanks for taking the time to read this. :P + +Have a great rest of your Sunday everyone! And best of luck to all on the new trading week ahead. +#SPECIFICALLY REFERRING TO THE INTRADAY TIMEFRAME AND DAYTRADING ONLY + +Everything that has to do with fundamentals has already been factored into the price of the stock by large institutional investors and funds. + +What remains is the technicality. + +The destination has already been decided by the large houses so there no specific edge that you could get from doing fundamental analysis simply because it has been factored into the price long before you even analysed it. + +So the destination is set already, price action is how the price reaches there and that is the only thing you should concern yourself with. + +So technical analysis is greater than fundamental analysis unless you are hedge fund foreign institutional investor. +I’d like to diversify my investment portfolio to include more low risk investments. I’m curious, which financial instrument has the highest guaranteed rate of return? So far, it’s the SkyOne Federal Credit Union 2-Year-CD with a 5.00% APY and the Canvas 7-Year-Annuity with a 5.70% APY for me. +The general narrative about Bitcoin seems to be, that Bitcoin got rid of the middle-man, aka people that you have to pay money to process your transactions and that can, in theory, censor you. Even the 2008 Bitcoin white-paper is titled “Bitcoin: A **Peer-to-Peer** Electronic Cash System”, implying that any user can give their money directly to any other person. + +My hot-take: Bitcoin is NOT a peer-to-peer electronic cash system because users are not able to directly send tokens to any other person. There is still a middle-man in the system: The miners (in other projects: stakers). + +**Why miners are middle-men** + +In order to issue a transaction on the blockchain nodes (aka users) must ask the miners to include their transactions into the next block. In order for the miners to consider ones transaction, they have to be bribed by offering money (transaction fees). This already means that nodes CANNOT directly write their transaction into the blockchain - only miners can do that. That’s the perfect definition of a middle-man: Someone you HAVE TO pay in order for them to do something for you, because you cannot do it yourself. + +**Ok miners are middle-men, but they are decentralized, right?** + +Keep in mind: Miners are not crypto-enthusiasts, anarcho-capitalists or fighters for financial freedom. They are businesses. Professional mining today requires initial investments of hundreds of millions of Dollars to even start business. This money comes from rich investors that don’t necessarily have any interest in the “freedom crypto” narrative, but only in return of investment (ROI). + +&#x200B; + +[Fig.1: Recent news about Mara-pool investing $120 mil. into mining hardware. This pool was famous for following US money-laundering-laws by censoring blacklisted addresses. Source: https:\/\/bitcoinmagazine.com\/business\/marathon-120-million-30000-bitcoin-miners](https://preview.redd.it/0h2p0l9tmpg71.png?width=1889&format=png&auto=webp&s=f6745a4cf7753200ed13c119c6e440b91990dfa0) + +These businesses pay large teams of professionals to set up and maintain complex mining-rigs at several locations around the globe and negotiate prices and regulations with local or national power-suppliers. All these jobs are again not done by freedom-fighters or anything like that, but by regular professionals, as they work in every other company. Small-scale mining by private people plays virtually no role in todays crypto landscape and you can bet that the process of professionalization will only continue over time, as long as there is profit to be made. + +So we have here a completely normal, non-idealistic new market emerging. How do emerging markets ALWAYS behave? They consolidate to become more profitable. Big and profitable businesses buy smaller, less profitable businesses or fusion with large competitors. The market centralizes. + +Today there are already only 4 mining pools that together create about 51,5% of the total hash-power of the Bitcoin network. Two of these pools (antpool.com and f2pool.com) being managed by one umbrella entity, Bitmain. + +&#x200B; + +[Four mining pools control 51&#37; of Bitcoins hashpower. Two of them are controlled by the same umbrella company \(Bitmain\). Source: https:\/\/miningpoolstats.stream\/bitcoin](https://preview.redd.it/j3fjm71xopg71.png?width=1726&format=png&auto=webp&s=f906772b4b80788a514837b2923e403722dc628a) + +Have you ever heard of the Nakamoto Coefficient? It is the minimal number of validators of a decentralized network that together could control the network (in Bitcoin: create 51% of the total hash-rate). This means, the Nakamoto Coefficient of Bitcoin is 3 Literally 3. Any entity that can control these 3 mining-companies either politically, financially via back-door deals or by any other means, can effectively control and censor the network. This number will presumably only go lower over time, as business consolidates. + +**Censorship on the Bitcoin blockchain – How mining companies can be politically controlled** + +Just google “Mara pool”. This US-based mining pool claimed to be fully compliant to US money laundering laws by censoring transactions that involve **blacklisted** addresses. This means that any transaction coming from or going towards such an address was not considered in blocks created by Mara pool, independent from how much transaction-fees they offered. If you thought Bitcoin is free from censorship, check again: censorship on the blockchain is already happening TODAY. Blacklisted addresses had no other way to go forward than to wait until another, not censoring, mining pool created a new block, that hopefully included their transaction. + +Mara pool recently stepped away from this policy and started processing all kinds of transaction again, but this example shows cleary: Miners are business and businesses underlie governmental control. If you want to buy energy on the scale of smaller countries, you will have to negotiate with government-controlled power-suppliers. As governments catch up on the topic, professional mining will eventually become a fully regulated business, just as any other – most likely including extensive money-laundering laws. First bills are already proposed in the US: [https://www.cnbc.com/2021/08/06/white-house-backs-senators-pushing-for-stricter-crypto-reporting-rules.html](https://www.cnbc.com/2021/08/06/white-house-backs-senators-pushing-for-stricter-crypto-reporting-rules.html) + +While controlled mining-pools with less than 51% of hash-power are mostly just a nuisance, once they reach more than 51% (don’t forget the Nakamoto coefficient of 3…), Bitcoin will be completely censored. + +**The problem: Leader-based DLT** + +It doesn’t matter if your protocol runs with PoW or PoS: As long as the protocol is leader-based, true decentralization will never be possible. In fact, the exact method of finding a leader only determines WHO will be your middle-man: **Corporations (miners) or rich people (stakers).** The average user remains powerless in this system and can only hope, that the middle-man is decentralized enough to not bother him. + +**The only way to really get rid of the middle-man: Leaderless DLT** + +The problem is fundamental to leader-based DLT and can only be tackled by **fundamentally** questioning the setup of modern protocols. What we need is not authoritaritan (leader-based) consensus, but COOPERATIVE and DEMOCRATIC consensus (leaderless) instead! + +As of today, the only project that at least tries to tackle this problem is IOTA by inventing a leaderless consensus based on their research in parallel-reality based ledger states and on-tangle voting (aka “Multiverse consensus”). Although value transactions on the mainnet are still centralized, their research-oriented IOTA 2.0 DevNet is already fully decentralized and completely leaderless – every user, every node, can write his or her transactions directly into the shared database (some explanation here. Watch the DevNet running live here: [https://v2.iota.org/visualizer](https://v2.iota.org/visualizer)). Although it is not yet feature-complete, the IOTA foundation claims that all research hurdles have been overcome and that only implementation and testing is left before the mainnet can be fully decentralized too. If this is true, it would mean the dawn of the first, actually decentralized “peer-to-peer electronic money” that Satoshi envisioned. + +Medium: [https://medium.com/@linus.naumann/unpopular-opinion-bitcoin-did-not-get-rid-of-the-middle-man-71aced8c5e3f](https://medium.com/@linus.naumann/unpopular-opinion-bitcoin-did-not-get-rid-of-the-middle-man-71aced8c5e3f) +read the New York Times article and discuss: https://www.nytimes.com/2020/04/06/business/economy/coronavirus-economy.html?action=click&module=Top%20Stories&pgtype=Homepage + +Essentially, economists say, there won’t be a fully functioning economy again until people are confident that they can go about their business without a high risk of catching the virus. + +“Our ability to reopen the economy ultimately depends on our ability to better understand the spread and risk of the virus,” +I’m soon to hit $100k in VDHG (the only stock I own). Have decided against property for the next 5-8 years and am basically putting all my savings into it from here on out (aside from my emergency fund). + +The common advice on here is to keep things simple with VDHG and not to worry too much about optimising things like MER/fees with amounts less than $100k. + +What would you do in my situation after hitting this milestone? Continue trucking along with VDHG or consider DIYing with the underlying funds from here on out? Or something else? + +Any thoughts / perspectives really appreciated!! I’m leaning towards just sticking to VDHG as I value simplicity and have really enjoyed not being able to tinker (especially during COVID), but am increasingly concerned about the higher fees of VDHG and want to make the right long term decision. +**TLDR: GME has been sitting below the delta neutral line for almost two weeks now, and the delta neutral is holding steady at $183, indicating the options mix does NOT support the current drop in price. Pressure is currently building, meaning changes to the underlying price will have unusually high changes in purchasing patterns due to hedging against those sold options. The point with the highest change in purchasing due to hedging has dropped to $205, and COULD setup a nice surge situation.** + +&#x200B; + +&#x200B; + + My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior, and works well for giving guardrails for stocks with high options volume relative to the underlying equity volume. + +I have a slightly new look for the graph below, so I could layer on the total market delta sensitivity test at the bottom to help explain what's happening. This graph contains the following: + +* Underlying GME Close (Blue) +* Options Indicators + * Total maximum gamma (red) - point with the highest total market gamma across all open contracts. This indicates the point where a 1% increase in the underlying price would result in the highest change in the total market delta, indicating the point where a change in price would result in the highest buying / selling of the underlying stock due to hedgers hedging. + * As you can see, this point generally acts like a market ceiling, but fun things happen with the price surges past. + * Delta neutral (grey) - point where the total market delta is zero across all open contracts. This indicates the equilibrium of the call / put options based on the current mix of options contracts. + * As you can see, this point generally acts like a market floor. However, the price does go below it occasionally, and the underlying behaves differently when that happens. +* Total Market Delta Sensitivity Test + * Change in the total market delta with a 5% increase in the underlying price (green) + * Change in the total market delta with a 5% decrease in the underlying price (orange) + +&#x200B; + +[GME 1\/4\/2021 - 10\/7\/2021](https://preview.redd.it/u5ys4bf1c9s71.png?width=910&format=png&auto=webp&s=f61e2daab68dcf4096eedd63815576c6cb93382f) + +Here are the key points I want you to take away from this: + +* Right now, the underlying has been below the delta neutral for almost two weeks, but the delta neutral point has not decreased with the underlying, like it did back in June/July. **This indicates that the current options mix is NOT supporting the decrease in the underlying price.** +* So this means that call / put buyers have not changed their purchasing patterns in the last two weeks, or have not sold off their existing contracts. +* As a result, the total market delta sensitivity test is starting to climb, so the impact of delta hedging on the underlying volume is increasing. For example, if the the options mix hasn't changed, and all those call buyers are still holding onto their contracts at $190 / $200, then as the underlying increases, hedge funds will have to start buying the underlying stock to hedge at an unusually high rate. +* Right now, a 5% increase in the underlying price would result in a 75% increase in purchasing due to hedging! +* The sensitivity test at the bottom of the graph shows this unusually high impact of purchasing volume occurs BEFORE surges, and when the price drops below the delta neutral. This is what I mean when I say that pressure builds up when the price drops below the delta neutral. +* The gamma maximum indicates the point where a 1% increase in the underlying price would result in the highest change in the total market delta, indicating the point where a change in price would result in the highest buying / selling of the underlying stock due to hedgers hedging. +* Right now the delta neutral is sitting pretty at $183. The gamma maximum has dropped to $205. SO! If we get a increase in the underlying price, then that should lead to an unusually high increase in buying pressure, which COULD translate into a price increase. If we surge past the gamma maximum (like we did back at the end of August), then this COULD translate into a gamma squeeze (like January). +* If that happens, then we could be looking at a sweet squeezy squeezy, lemon peezy. + +Here are the graphs you're used to seeing if this is more to your taste: + +&#x200B; + +&#x200B; + +[GME 1\/4\/2021 - 10\/7\/2021](https://preview.redd.it/codg2r2qi9s71.png?width=910&format=png&auto=webp&s=3016528b504e6b237720733b7dc4b7aaadbf660f) + +&#x200B; + +Log-based 10 view, so you can see the 2020 values and the gamma neutral spikes. Aren't they pretty?? + +[GME 2\/4\/2020 - 10\/7\/2021](https://preview.redd.it/uspywjlvi9s71.png?width=910&format=png&auto=webp&s=3b6f5084100273d3a4968cba4cdc8b563abd3962) + +Frequently Asked Questions or Comments: + +* Technical indicators don't work on GME because it's a conspiracy, man. + * That's a perfectly find opinion to have, and I respect it. My work tries to add some rhyme / reason to market movements, and my work still indicates to me that there is some method to the GME madness. +* Where can I get these indicators / analysis, or how do you make this? + * I make these indicators for all optionable stocks using options data feeds, Matlab and Excel. I use it for my own trading purposes. As far as I know, they aren't available elsewhere. I have a methodology / assumptions section at the bottom if you want to know more. + * I'm always happy to send anyone graphs for any particular stock they're interested in. Just shoot me a message, and bug me if I don't respond in a day or two. +* GME didn't do what you said it would. Is your model wrong? + * Always possible my model is wrong, and I'm always working to improve it. However, I will continue to emphasize that I'm only working in probabilities, and nothing is certain in the stock market. I think the scenario laid out in this post is the highest probability scenario. +* Gamma is always positive, so you can't have a gamma neutral. + * It's true gamma factors are always positive, but when you make a total market gamma, or total portfolio gamma, you add call gamma and subtract put gamma. This is what I'm doing in my work. +* Don't be so cranky. + * I'm working on it. + +&#x200B; + + **TLDR - 2nd note... for some reason you dumb dumbs can never find it if it's in one place. One more copy to go down below... GME has been sitting below the delta neutral line for almost two weeks now, and the delta neutral is holding steady at $183, indicating the options mix does NOT support the current drop in price. Pressure is currently building, meaning changes to the underlying price will have unusually high changes in purchasing patterns due to hedging against those sold options. The point with the highest change in purchasing due to hedging has dropped to $205, and COULD setup a nice surge situation.** + +***Methodology and Assumptions*** + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma Neutral** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +General notes below for observations on how this indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options and stock summaries produced by [www.historicaloptionsdata.com](http://www.historicaloptionsdata.com/) +* For the Implied Volatility (IV), I use the following method: + + * Calculate the raw IV of the mid-point between bid/ask price at close. + * Calculate a “blend” IV, which represents the IV where the call/put parity holds, i.e. where call delta – put delta = 1, using the same IV. + * Smooth the mid-point call/put and blend IV using a gaussian smoothing algorithm with a 20-strike window. + * Apply the smoothed call/put relativities to the smoothed blended IV curve + * Fill any missing values with a linear interpolation of the neighboring strikes. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. Using the prior day OI is currently a limitation of the data available to me. + +&#x200B; + + **TLDR - 3rd note...hopefully you have found this TLDR by now... If not... then... ugh... GME has been sitting below the delta neutral line for almost two weeks now, and the delta neutral is holding steady at $183, indicating the options mix does NOT support the current drop in price. Pressure is currently building, meaning changes to the underlying price will have unusually high changes in purchasing patterns due to hedging against those sold options. The point with the highest change in purchasing due to hedging has dropped to $205, and COULD setup a nice surge situation.** +Ive just done my first two nights of doordash, driving a total of 6hours and earning $240. That’s $40 per hour. + +Now tonight, I earned $180, and travelled close to 200kms. +If I were to deduct my kms using the cents/km method at 72c/km (0.72/200=$144) That would mean my taxable income tonight is just $36… + +Furthermore, if I did this more consistently I’d be claiming rego, insurance, tyres, services, etc. Wouldn’t the ATO end up owing me money? + +Am I completely missing something here?? Thanks for your help. + +EDIT: Thanks for all the great responses and insight. I’ll be tracking my numbers as best I can over the next few weeks-months (we will see how long it lasts) and will post the results back here when I’m done! + +FINAL EDIT: It turns out, as implied by many of the commenters on this post, that it really isn’t worth it. I won’t be lasting as long as I planned, and I don’t know the best way to attach my unfinished, messy spreadsheets. + +The general findings: pay during peak hour @ $40+/h is closer to $15/h when considering all costs attributed with driving your own vehicle. This may drastically vary if you use a moped, or other more cost effective form of transport. + +Working during quiet hours is not even close to worth it. Maybe if you’re running it on multiple apps it would be. + +It was fun while it lasted but the $15 an hour doesn’t even consider the risk of crashing and the complications that follow. + +TLDR: Under most circumstances, doordash isn’t worth it. +I currently have 0 doors, but i am trying to get my foot into cash flow rental real estate investing. + +At my full time job I am a chemist, so my head is programed to think that numbers will predict what is going to be before it actually happens. Because of that, I have produced a very in-depth excel sheet that calculates what I need in a property to get my target cash-on-cash ROI of 10%. + +Everytime I put a bid on a property that would meet the requirements to be cash-flowing, I get outbid. Anytime I pass on a property that I think will lose money, it sells for at least asking (with like 4 offers). These aren't just single family homes... I'm talking duplexes/triplexes with long-term tenets that aren't on month-to-month leases. + +I'm a little bit conservative with my numbers, but am I missing something? How are these "investors" okay with losing money every month?... Are they assuming appreciation will cover their monthly loses? Are they just bad at investing in good deals? Or am I not seeing the good deal? + +Any input from investors with more experience would be appreciated. I'm tired of going over asking on properties that work with the numbers and still losing bidding wars. +So current situation. I have a multi, (4 unit house) owe 130k market value about 400k. Then I have my home. Owe 150k market is at least 260k but on average properties in my area are selling 60-80k over right now. Rental income when all units are filled is 4200.00. + +I live in the Buffalo area. The rental property is in an extremely popular area that had a huge price increase about 10 years ago and it has probably peaked. My current home is in a suddenly hot area, a small "suburb" adjacent to another really hip trendy neighborhood that we tried to buy in originally in 2014 but got out bid by 30-50k on everything we offered back in then. So we settled here. + +I don't love my home but there's certainly nothing comparable out there for less than 300-400k. + +I was thinking about selling it and just moving into one of the units in my rental property. My mom would move into another (she lives with us now and it's... An experience). It would be a substantial downsize for us to move into a 2 bedroom apartment from our 4 bedroom home but I guess I'm thinking other than the major pain of moving this may be overall a low risk.move? The market might not get much better for buyers but can it get much worse?? If at minimum a correction is coming or at worst a bubble bursting, would this be the best way to dump.thebhouseni don't love and use the money to pay off debt, save up and then buy a more favorable home in a a few years? + +I'm sorry if this is super obvious. I have been struggling with this decision for over a year and considering the other options of keep current primary house and try to like it more, sell and buy probably an overpriced nicer house which I'm terrified of being underwater on. Buy a double(again overpriced) with my mom taking a unit and us taking one but with more.room (a 3/3 ideally). + +A bit more info: +I bought the rental property from family in 2016 and actually have really sucked at managing it, not because of poor demand but more because I have so little time to get over there and make repairs and get units ready between tenants because of my full time job and i seem tobe clueless for finding reliable.people.to do repairs/upgrades. I have been turfing a lot to my husband who just isn't interested/motivated and i just wasn't confident in my own property management skills but I am SO ready to learn!! + If we moved in two of the units we would lose about 2k in rent but right now the units are empty anyways so...🤷 + +TLDR: +Considering selling primary home in this hot market (cause i think i want to sell it anyways) but just staking out in one of my rental units until we see if a correction/bubble burst is on the near horizon. + +Thanks for any advice or suggestions! +How are you guys doing today? I’m a 22 year old, 740 credit score, and I make around $7,500 a month. I invest around 30% of my pay, and try to max out my 401k’s each year, I also just recently started a Mobile welding business on the side. I started the business with a truck that has been in my family since 95, I was able to get the business going and make some money. It has gotten to point over the last three months that I have spent about double the trucks value on repairing it and keeping it on the road. After working on it last month I started contemplating getting a new truck. So I went out and ordered a new heavy duty truck. The payment will probably be around the high 600’s to low 700’s. If I did not have a business I wouldn’t be buying a new truck but my thought process is that I can make the payment in about a half days work. I’m nervous about having a payment that high since I��ve never had anything that I haven’t bought with cash or a monthly payment under $220. So far I have only put a $500 deposit on the order, I will have to do all the financing once the truck arrives. Do you guys think I’m making a mistake here? I’m very money conscious and frugal so seeing a payment that high scares me. +I work for a start up and we are about to be bought out. I have 20,000 in stocks and they will, at minimum, be worth about 200,000. + +What is the best course of action? + +I am 28F. + +I currently make 85,000/yr. + +I own my house with a 300,000 mortgage (3.3% interest rate - monthly payment rolled up: 2,220). + +I have 80,000 in federal student loans. + +No other debt (I own my car, pay off credit cards in full every month). + +I max out my Roth and get the employer match in my 401k + +I have security fund of ~12,000 (slowly increasing this but I just purchased the house in October so it took a hit) + +I am thinking I want to pay of my student loans, but I am also interested in “house hacking” and renting out my finished basement for income (this was my plan B to pay my student loans) + +Should I pay down my mortgage and refinance for a lower monthly payment? + +I guess I am asking what hypothetically you would do if you were in my position + +Thanks! +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. + + +[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!* +It seems pretty simple, buy low and sell high. Blue-chip companies usually rebound after a fall. However, it seems like very few people are able to beat index fund returns. Is it due to a lack of discipline? Do people not do enough research? What's going on? Why can't anyone consistently get 20+% returns, let alone 35+%, which seems doable if you buy and hold onto the right stocks at the right time. + +I've been buying blue-chip companies at a discount for the last few months and I'm doing pretty well. What's going wrong? +I read this article today and thought it would be nice to share. It is well worth the read. For those of us who obsess over the numbers and math related to retirement, this was a good meta article about looking at the bigger picture. + +TLDR: We spend so much time focusing on being financially able to enjoy retirement, but we need to be healthy enough to enjoy it too. Just like investing early is a huge financial benefit, exercising early is a huge health benefit. + +[https://humbledollar.com/2021/12/fit-to-retire/](https://humbledollar.com/2021/12/fit-to-retire/) + Apes… You have no idea what you did. With your diamond hands you cut off the blood supply to the “great vampire squid wrapped around the face of humanity” aka Goldman Sachs. + +This moniker was coined by Matt Taibbi in his legendary article **“The Great American Bubble Machine”** from 2010 in Rolling Stone that made a big splash at the time, just after the great financial crisis. + +&#x200B; + +[Rolling Stone](https://preview.redd.it/c83ut5uul6t61.png?width=695&format=png&auto=webp&s=ffd812ad8cb836f82be1145d8756600258638c34) + +# GS is everywhere. So how is it involved in GameStop? + +GS is one of **Melvin**’s prime brokers, as you can see from Melvin’s filing here: [https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf](https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf) + +GS was also the prime broker to the family office **Archegos**. + +GME was not Melvin’s biggest short. Its biggest short was **GSX Techedu**. And GSX also squeezed incredibly in Jan but was not widely reported in MSM. + +&#x200B; + +[\\"Institutional Investor\\" website](https://preview.redd.it/apsmndg5m6t61.png?width=697&format=png&auto=webp&s=4e3993a8e799ca58fac7dc686284688f89f4467a) + +&#x200B; + +[GSX Techedu squeezing in Jan](https://preview.redd.it/3iifcea7m6t61.png?width=844&format=png&auto=webp&s=54eb7fe5aa31471b91683a19ed6b6a7a7c03bd7e) + +Melvin had a levered **short** position in GSX Techedu financed by Goldman. + +Archegos had a levered **long** position (via equity swaps) in GSX Techedu financed by Goldman. + +So Goldman was making money in prime broker fees on the same security on both the long and the short side. If you remember the equity swap diagrams in my previous post ([https://www.reddit.com/r/Superstonk/comments/mobnyf/the\_anatomy\_of\_an\_equity\_swap\_how\_prime\_brokers/](https://www.reddit.com/r/Superstonk/comments/mobnyf/the_anatomy_of_an_equity_swap_how_prime_brokers/) ), you will know that the prime broker relies on shares being readily available and constantly flowing through the financial system. + +# Here’s what doesn’t make sense to me + +**Question 1:** Why did Archegos have an enormous long position with enormous leverage in a company like GSX Techedu which is worth $6 billion yet has never been audited? **Muddy Waters** offered evidence that the company was a fraud and that its customers were actually bots, hence its interest for short sellers, including **Melvin**. + +&#x200B; + +[No link - my post gets deleted](https://preview.redd.it/z85ya5llm6t61.png?width=791&format=png&auto=webp&s=23e430ed4b3ad11aceb8356ce2569e1165c83d5a) + +**Question 2:** Why would the big banks provide so much leverage to create such a massive long exposure in a fraudulent company? Unless they thought that the leverage could engineer a sure thing. + +**Question 3:** MSM is saying Archegos was “margin called”. But why? When you look at the price charts of some of Bill’s long swaps, they were doing great. Bill was making money. Until GS tanked his shares. + +&#x200B; + +[Bill's longs - until GS tanked them](https://preview.redd.it/org6uxgrm6t61.png?width=1008&format=png&auto=webp&s=1d4606eca73732c1928f0da6e3d89cd5e9feb0e5) + +# My speculative answer + +What happens to a prime broker when its hedge fund client fails? You can read the details here in my previous post: ([https://www.reddit.com/r/Superstonk/comments/mobnyf/the\_anatomy\_of\_an\_equity\_swap\_how\_prime\_brokers/](https://www.reddit.com/r/Superstonk/comments/mobnyf/the_anatomy_of_an_equity_swap_how_prime_brokers/)) + +**TLDR: If a hedge fund client fails and shares are not available to unwind the swap, the PB is f\*\*ked.** + +Melvin’s biggest short was not GME. It was GSX. Both GSX and GME squeezed at the end of Jan. GSX because of Bill. GME because of apes. + +Remember that GS was financing Bill on the **long** side of GSX. GS was fine as long as both the short and the long client were making their payments and GS was making money between them. But with apes diamond-handing GME, Melvin collapsed, putting an end to this jolly threesome. + +GS was likely helping Bill to squeeze GSX but probably wasn’t planning on blowing up Melvin completely, it just wanted to suck as much money as possible out of both of its clients. For that, they need to be alive. Think, parasite. Or vampire squid. + +&#x200B; + +[Vampire squid](https://preview.redd.it/8d4roundn6t61.png?width=308&format=png&auto=webp&s=401f695a214fe4bfc2bcaff84ab15e997e606cd3) + + + +So Melvin died, but was put on life support with a bailout from Citadel and Point72. My theory is that Kenny did this to help GS and the other brokers rather than Melvin itself. If you refer back to the diagrams in my equity swap post, you can see that for a prime broker, a short client failing is much worse than a long client failing. Archegos was still going strong, but GS didn’t like the threesome any more without Melvin. *GS only had a sure thing when it was the one in between getting payments from both sides.* Now Archegos is also dead. But GS is still alive. And Melvin, sort of. Melvin is now GS’s albatross. + +&#x200B; + +[Legendary](https://preview.redd.it/8f8u0ksgn6t61.png?width=564&format=png&auto=webp&s=5efab0a854cbc1844135cc2256b8929d946852d1) + + + +This doesn’t change my theory so far, it just strengthens it. **TLDR if you haven't read my previous posts** 🚀🚀🚀🚀**:** Citadel is helping the prime brokers by doing what it can as a market maker to bring the price of GME down and to engineer “doomsday” (see Kenny’s FT interview) while the position net short on equities and long on gold to make money and to insulate themselves from a market crash. Because GME’s beta is so negative, this seems to mean that to do this, GME will have to moon. We have known for a long time that GME has a weird beta, but **so does GSX Techedu**. Don't ask me why. Are extremely negative betas the new normal? + +&#x200B; + +[Macroaxis, 14 April 2021](https://preview.redd.it/d83nxi0sn6t61.png?width=738&format=png&auto=webp&s=edcfd167ba73601d2f92a7bf7edf4cac73b606ac) + +&#x200B; + +[Macroaxis, 14 April 2021](https://preview.redd.it/xlycmnmtn6t61.png?width=734&format=png&auto=webp&s=e6449fd47fb995c8274c131b6a6576c4d192dd3e) + +I was going to share some sources but my posts gets deleted. Otherwise, you can find plenty on Goldman online if you google "Goldman" and "mafia" together. + +&#x200B; + +[No link](https://preview.redd.it/sc08ssy1o6t61.png?width=810&format=png&auto=webp&s=d60b87c3ba281a33d0e3ca9bb05e45ab2fe2a8e6) + +# Last question + +Where is Bill Hwang? Is he dead? Is he in the Caribbean? Why isn’t he suing Goldman? Makes me think of this movie. + +&#x200B; + +[Movie recommendation](https://preview.redd.it/yf4gvik5o6t61.jpg?width=590&format=pjpg&auto=webp&s=093b70aab5e51c0ed83dfa91b0f022db876be5b9) + +Check it out – is a very good financial thriller about private money, special relationships and sacrificing your life as a whistleblower. + +Disclaimer: Not financial advice of course. Educational and entertainment purposes only. +**Project Onyx is all set to revamp the BSC P2E gaming landscape!!! ☼** + +&#x200B; + +**🏆Presale TODAY (16th November 8PM UTC) of 750 BNB Hardcap via Pinksale** + +**🏆Launch on 17th November 8PM UTC** + +&#x200B; + +**🎮Onyx in its final form will be an open-world game with a vast expanse of 7 continents, all of which will be developed in Unreal Engine 4 with cutting edge graphics.** + +**🎮The game will feature a multitude of NFTs ranging from playable characters to wearable armours and usable inventory.** + +**The playable characters will be highly customisable with six different battle classes.** + +**🎮Players will navigate through missions to gain experience points and level up their characters to unlock playable areas and powerful weapons and armour.** + +**🎮To top it off and keep things interesting, the game will feature a variety of different modes.** + +&#x200B; + +**✅LATEST NEWS ON PROJECT ONYX** + +&#x200B; + +**⭐️PROJECT ONYX BACKSTORY -** [**https://onyxtoken.net/onyx-project-backstory/**](https://onyxtoken.net/onyx-project-backstory/) + +**⭐️A BRIEF INTRODUCTION OF THE TEAM -** [**https://onyxtoken.net/team-experience/**](https://onyxtoken.net/team-experience/) + +**⭐️IMPORTANT PRESALE INFO -** [**https://onyxtoken.net/important-presale-info/**](https://onyxtoken.net/important-presale-info/) + +&#x200B; + +&#x200B; + +**OUR WEBSITE:** [**https://onyxtoken.net/**](https://onyxtoken.net/) + +**༄ Blackpaper -** [**https://onyxtoken.net/storage/2021/11/blackpaper.pdf**](https://onyxtoken.net/storage/2021/11/blackpaper.pdf) + +&#x200B; + +**SOCIAL MEDIA** + +[Telegram](https://t.me/ProjectOnyx) **||** [Instagram](https://instagram.com/onyx_token?utm_medium=copy_link)**||** [Twitter](https://twitter.com/OnyxTokenBSC) **||** [Facebook](https://www.facebook.com/Project-Onyx-105348621946501/) +Since people say they find it useful, I thought I might try post form and see if it gets enough interest to continue doing semi-regularly, round 2. Made a lot of shifts this week to lock in gains during this toxic week, more shifts than usual below. + + +My list of pennies holdings (most anyways) with quick notes: + +$ALKM - $2m annual sales in CBD water, expanding with partnership into a CBD infused liquid sugar, a CBD infused pet food supplement and a CBD sexual wellness flavored lubricant. Also hand sanitizers that is now selling in Canada. + +$ALYI - EV ecosystem to help EV tech, and then EV vehicles exist globally. Starting with the Retro ReVolt made by MODUS and supporting tech by $ALYI and $IQST. Also announced $20 million of EV motorcycles (2000) to be shipped to Kenya by July. + +$ASRT - assertio has all the hype, let's see what they tell us at their quarterly. + +$BETR/BETRF - psychedelics + +$COOL/CLABF - Nasdaq bound, psychedelics + +$DRWN - generally wouldn't mention this one, but there was a volume of 10% of float on this dormant one today. One worth keeping an eye on for news. + +$EVIO - THC/CBD testing, had problems but is recovering and just graduated to .01 again. + +$EXROF - more pricey but high power EV solutions, think construction, garbage trucks, things that need lots of direct power. + +$GABLF - Gaby Inc, THC/CBD CPG company, just bought a dispensary (I posted a DD this morning, it's currently halted due to the merger) + +$GBHPF - hemp play, growing + +$HPQFF - Nano silicon breakthroughs, very promising + +$IQST - partnered with $ALYI to make hemp batteries and hemp body frames for upcoming ecosystem. Owns IoT tech and is making a lab for physical screen devices for the ecosystem too. + +$MSRT - MassRoots, buying Herbfluence (tech to connect THC/CBD products to influencers for marketing campaigns) + +$OZSC - yep I'm back in it, locked in gains and I came back. Missed you buddy. + +$PAOG - where KALY extract tech ended up(RespRx for COPD), moved to Texas to partner with PURA for their 70 acre farm and new projects. + +$PURA - relocating to Texas, new 70 acre grow property breaks ground later this year. Partners with ALKM for CBD infused liquid sugar, a CBD infused pet food supplement and a CBD sexual wellness flavored lubricant. + +$RVVTF - psychedelics, THC/CBD medicine and much more. A good DD was just posted about it, check it out. + +$SGSI - owns AW solutions/ADEX Corp, is merging with High Wire Solutions + +$STHC - AMECA mining merger (Gold, Paladium and high grade graphite miner) + +$TBPMF - targeting first THC prescription approved by FDA, trails were approved. + +$TGIFF - Vegas cannabis play, $2m quarterlys cheap but catching on. + +$USMJ - ecommerce and distribution logistics partnered with PURA/POAG/ALKM + +$WSGF - Vaycaychella app, Airbnb competitor launching this year, will accept crypto for rental payments. +Got off the phone with a banker from a large financial company. + +They are willing to offer a 100% LTV home loan with 2.3% IO rate provided you pledge 50% of liquid assets + RE title against it. + +Pledging means you move your assets to their bank which can continue to grow. You don’t need to use their funds + +Take a home of $4m as example - you pledge $2m of assets to get access to the home. + +No down payment. + +Total yearly forced expenses = 2.3% + 1.25% (property tax) = 3.5%. Doesn’t include maintenance and insurance + +Yearly payment is = 140000 or 12k per month + +Buy a good home for $4m. Pay just 12k per month + +Wait for organic appreciation and/or force appreciation with value add (upgrade home) + +Home in 5 years is worth $5m. + +Refinance again, take $1m out and the $1m is used to pay 8-10 years of interest + property taxes. + +Rinse and repeat. Free home + +Assumptions / risks +1.homes appreciate + +2.interest rates don’t risk significantly + +3. margin call on the pledged assets + +What do you think? Any other ways to optimize? + + +An amazing side effect is that long-term the liquid assets continue to grow (reducing margin call risk) and the home continue to grow, while the debt remains stable. + +Also CA property taxes don’t increase with home prices. +Asked for guide prices for several properties. Quoted prices are still pretty high. But I guess there won’t be any forced sales given all the help from government. Thoughts? +We all know the education sector is going through unprecedented times with mass lay-offs and underemployment. + +I'm curious to know fomr someone who works at a university (either in admin, academia or teaching) or knows someone who does, how bad is it really? + +Any anecdotal stories? +I'm a student in a shitty third world country. The pay here is around $100 a month, and on top of that as a student it's impossible to find a job. Before my college started, I worked for about 2 months and got $250. I have decided to invest that into crypto. + +Now I'm looking for a way to earn more money, so that I can invest more. I looked at some old posts and most of the comments said that the best and efficient way is by being active on this subreddit. I've heard that guys here earn hundreds of dollars a month just by posting and commenting on this subreddit. That would be better than getting a job for me. I want your advice guys. How do I do it? + +And I'm pretty sure there are people who are in a similar situation as I am in. I want to hear from you guys about your experience with this. +A lot of people have moved to WFH, stopped business trips, or had their income stream disrupted in the past couple of weeks. I've found myself disrupted in my work flow. I try to keep focus on staying productive, but haven't found what works for me. + +How have you coped with the change? Any tips on how to stay productive or handle disruptions in income streams? + +Thanks and stay healthy. +About an hour ago I posted this post about a scam I found on facebook... + +http://www.reddit.com/r/Bitcoin/comments/1ydms7/psa_fake_cryptsy_investment_scam_going_on_facebook/ + +The person claiming to be Big Vern on facebook just sen me this... + +BigVern Vern: +your putting a huge target on your back with that post + +you really should of taken your name off of that , we know who you work for , you dont know who I work for + +thats all im gonna say, delete your reddit asap. + + + +--------------------------- + +Scammers used to be gentleman and just disappear from existence. We just turned a corner apparently. + + +I feel like a dumbass. I was up today at around $2600.04 in profit from very good trades. I was proud but not satisficed and wanted to hit 3k. But, I payed the price of being greedy and being too overconfident. + +I short sold $SOS on a very big position as it was down trending, market went against me, I got squeezed out badly. + +Just wanted to share to everyone to take breaks and DO NOT get greedy, stay humble with your trades. I'm fucking pissed but at I'll come back tomorrow new. +Hello, + +So, this is kind of question for the near future but I wanna start thinking and preparing for it now. + +I’m 21 years old and recently got my real estate license. I’m currently on temporary assignments through a staffing agency with new home builders/sites. I’m looking at a $40-60K base salary when I get officially signed on to work with a builder on top of a projected $20-30K a year in commissions. + +I currently have about $20,000 in savings and still live at home and plan to for the next 2 years. I have no bills besides gas which I use my credit card for to slowly build credit (I have baby credit with a score in the 700s). My current car is paid off and has a KBB trade in value of $8000. + +So, my question is will I be able to afford a used car that’s $25-30K? My plan would be to trade in my car and put $10,000 down. Ideally get a 48 month loan but open to 60. + +Based on that information above I have found my payment could be around $300/month. + +Any thoughts on this? I know a car shouldn’t be a top priority I’ve just had the same 2017 Nissan Versa for 4 years and am excited for an upgrade. + +Thanks! + +Edit: + +This is an awesome subreddit I am very glad I posted here! Thank you to every single person who has commented, you all have given me really solid advice. I’m trying to respond to everyone but if I don’t just know I’m thankful you took the time to help me out and provide some invaluable insight! Considering every single comment and have learned a lot! +My husband has stage 4 melanoma and each year we meet our out of pocket max early in the year. Our out of pocket is 3300 and I pay $500/a month in premiums. If I wanted to invest in the market and get a return of 200-600 a month in dividends, what would be my best strategy? +I am currently saving for a few things until around the end of the year. I am looking for ETF’s to park money in and basically beat the returns I would get letting the money sit in a savings account. What are some you recommend to do this? This will only be for the next 8-12 months. TIA +In July I started my own business in hosting Wedding Shows, I registered the business and didn’t plan any profits until my 2nd year. I spent near £7000 of my own money on starting up the business. In total I had done 11 shows in London and Hampshire up until Feb 2020, the business was going very well and I had great reviews all throughout. All profits from the shows went on advertising that show and future shows, I had a small emergency fund put by in case of any needed refunds. I have bad credit and loans are not an option for fixing anything + +Since Coronavirus I have lost everything, my business is impossible to run and profit, people are no longer interacting with anything I do on social media or my website and I have had to cancel all 20 shows planned for this year and refund all of the exhibitors. + +I’m now on Universal Credit and can barely afford to feed my family and I have 0 savings because it was used for my business. + +So not only am I completely struggling with everything, I am also giving up on my business. It could be months before I can hold another show and I can’t afford to anyway. + +I’ve never had suicidal thoughts before and never though I would, but now I do. Every second of the day. I’m afraid to say anything to anyone because so many other people are in the same if not worse situations. + +Does anyone have any enlightening advise on what I can do to get through this alone? The last thing I want is family worrying about me when they can’t visit me. + +I’ve never cried for help, but since the suicidal thoughts, that’s what I’m now doing... on reddit... +I set myself a 2 year experiment, I’ve got a decent chunk invested in IOZ and IVV, playing the nice passive game. I had the though I think of lot of people get… should I, could I, beat the market if I buy some stocks? + +Well, I decided I can afford to try, why not give it a real shot? I read as many books as I could, followed all the podcasts I could, signed up for Morningstar, TIKR and Simplywall.st and kept reading until I understood what the abbreviations meant and if the data was worth anything. + +Then I started putting money into stocks I thought were undervalued. + +To be honest, I had a great time and learned a LOT, but, it became a second job, which I didn’t really see coming. + +My benchmark was first the ASX, then my super fund. + +The results, I picked about 6/10 winners vs losses, my thesis’s held up for both buys and sells. It felt great when I got a 50% profit, and terrible when things dipped by 50% (damn you PayPal, still holding). + +Did I beat the ASX? Yes, only just but yes (self celebration). Did I beat my super fund? No. Did I beat IVV? Not even close. + +TLDR; if I’d just kept investing in IOZ and IVV, I would’ve beaten my performance. + +When it makes sense over the next few years I’m going to sell out of my individual stocks and put the money into passive ETFs, I’m glad I tried. But I won’t miss all the work. + +I hope this is at least interesting for anyone thinking the same thing I did going into this. And good luck, whichever direction you try! +Bitboy is the biggest crypto youtuber right now with almost 600K subscribers. + +Today he uploaded a video where he recommended 4 different coins. One of those was a low cap coin called Nord Finance (NORD). In just 3 hours the coin has risen 50% probably leaving him with massive profits. + +He has done this numerous times and will probably keep doing so. There’s no way he’s not holding big amount of coins like these himself for easy profits after pumping them. + +Videos “promoting” coins like this made by such big names are extremely bad for the crypto space. Especially newcomers who will buy the top and get rekt in a few days when it dumps. + +What he’s doing is such unethical considering his massive fanbase mainly consisting of beginners. I feel like not enough people are talking about this and taking to account the effects. + +Thanks for the read. Have a great day :) +[https://www.cnet.com/news/brave-browser-1-0-arrives-bringing-its-privacy-first-ads-to-iphones-and-ipads/](https://www.cnet.com/news/brave-browser-1-0-arrives-bringing-its-privacy-first-ads-to-iphones-and-ipads/) + +8.7M active users. +NSCC-2021-010 is now on the Federal Register, scheduled for publication today (8/12/2021). Expected implementation: September. + +[https://public-inspection.federalregister.gov/2021-17076.pdf](https://public-inspection.federalregister.gov/2021-17076.pdf) + +&#x200B; + +This ruling is the final green light required for the government to initiate the MOASS. + +NSCC-010 basically allows hedge funds to give their long positions on all their blue chip companies to the clearing house as collateral in exchange for a loan to pay for their losses. By doing this, the government can essentially prevent a market crash from hedge funds liquidating all their positions and starting a massive sell off in the market. This is good for Apes (we get our MOASS), the government (can avoid a market crash harming the economy), banks profiting from the MOASS (they don't lose profits in other long positions in the market), and even some hedge funds may be able to avoid bankruptcy because of this (I fully expect government agencies to bring the market manipulators to justice, nonetheless). + +MOASS is coming soon. The government is almost done with the implementations to finally drop the hammer down and let it rip. Tendie man is coming to town. You don't want to regret not buying enough after it's all over. These rulings, such as NSCC-002, will prevent a MOASS like this from ever happening again. This is literally a once-in-a-lifetime opportunity. Use these final moments to stack up as much as you can before the time runs out and the Apes launch to the moon. Not Financial Advice. + + +[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!* +I'm with qsuper , I'm 44 years old and have a decent amount sitting in there that is currently in a balanced accumulation portfolio and had made -2.5 YTD. + +If things are really looking at going south, should I be parking most of this in cash? I don't want to be greedy at all, just want to minimise my losses ? What is everyone else doing as we stare down the barrel of another great recession? +Wondering if anyone has compared the costs to buy an EV vs an equivalent petrol vehicle over a period of say 5 years or more? Unsure on things like battery longevity etc and some more hidden costs of an EV. +I have some cash which a month ago I was going to invest in the stock market, but I have since decided to avoid it since multiple factors make it seem more likely than not that the market is going to dive further over the next year. It's fine if you disagree on this, but if we take avoiding the stock market as a given, where is a good place to store cash to avoid inflation? +The human race has exchanged many forms of his and services throughout the ages and Bitcoin is just another harmless example. + +If a country stops or restricts you from exchanging digital units of cryptographically data for goods or services.. this should be viewed as an infringement of the very liberty and freedom that make us human. +I like to think that money is a tool; a representation of resources. You don't need much to be comfortable except discipline about how you spend in line with being able to have the things that keep you happy. + +&nbsp; + +If you need very large amounts of money then you should be asking what for? I have very clear goals in mind for what proportion I wish to spend and on what + what proportion to put away in the event of a rainy day. + +&nbsp; + +I've lived or at least experienced every extreme and graduation of the wealth spectrum; People can me chronically miserable, content or ecstatic at any spectrum of it. + +&nbsp; + +In my experience I've come to the conclusion that people are either predominantly creators or consumers. In truth they are often both to varying degrees at different times in their lives but there is a rough equilibrium that isn't really breakable until you possess insight into such a mechanic. In my anecdotal observations I find people who are excessively consumptive in nature tend to be less happy than those who strive to create out of their surroundings. + +&nbsp; + +It's better to be mentally honest + creative and know how to make your life around you fun rather than to be consumptive in the hopes that ownership of things alone will make you happy; It helps and certainly the pursuit of novelty and new experiences and ideas using wealth as the means combined with reflection on environment is a commendable way to achieve self development. Wealth however on it's own is not happiness. + +&nbsp; + +For me the meaning of life is to create your own meaning; make your own novelty and find the things you aspire to be and that provide happiness; even if other people around you are supportive or unsupportive you should still pursue your goals as eventually you'll wind up in the company of people who share your passions. +1. Now he’s saying after training, you get paid $500. And you won’t even be paid the 25 an hour you were promised before passing the test. + +2. I applied for an appointment scheduler position. Now I’m a salesperson? Um. + +3. The guy is using a university email and not a business email. + +4. You have to memorize a very long packet word for word. Isn’t this unprofessional you are saying the same exact thing to every customer? + +5. This long packet ur supposedly supposed to memorize 90% of the words, while he’s reading, he’s STUTTERING the entire time! Like he doesn’t even know how to read. + +So how illegitimate does this company sound? I’m definitely doing the right thing quitting, right? +I'm from a middle class family. For the past 8 years weve been living in a nice suburban area on a house with a mortgage. Both parents are above 65 and only one gets pension. They want to sell the house which I agree we don't need as we have another one that is further off around 35miles from city center. + +The thing is that they want to sell it to get a smaller one in this area and repay half the mortgage (to get smaller payment installments). The reason they wanna do this is because my sisters which are in their mid 20s don't wanna leave this area where they have all their friends. From my parents side they want to leave us a nice suburban house when they go their merry way. + +The thing is that I feel this is a bad move as we will inherit the mortgage when they pass. Isn't it better to sell the house and invest the rest on other things? (retirement, house improvements and general life improvements for all of us) Am I wrong thinking this is a better plan? + +All of us (children) have steady jobs making good money. One is living with her bf and I'm about to move out. The other one is just a cheapskate and the one that my father is overprotective and does as she pleases. + +Also I'm not interested as to where I live as long as I'm happy. I was never attached to a single place and been moving around for the last 10 years. my dream is to retire at a farm or live at the 35miles away house that is in a quiet village near the sea. +Howdy Superstonk, + +In my previous DD’s I have begun investigating how the options chain for GME has historically correlated with the price of the underlying stock, and what it means for price discovery. You can find these DD’s below. + +[It Takes Money to Buy Whisky: Distilling GME's Options](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/) + +[It Takes Money to Buy Options: Distilling GME's Whisky](https://www.reddit.com/r/Superstonk/comments/t20ims/it_takes_money_to_buy_options_distilling_gmes/) + +Additionally, for those that are interested, I previously wrote about the DTCC Continuous Net Settlement (CNS) system, which has been getting some renewed interest in the sub, so it may be of interest to newer members. + +[T+69](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/) + +After exploring the relationship between options chain delta and GME price, I got a lot of great questions about max pain, so I decided to start digging into it. Primarily, I wanted to investigate the long held belief on this sub that options writers are manipulating the price of the stock to inflict maximum pain on retail options buyers. Do market makers simply take the money from options buyers through stock price manipulation, or are the options buyers dictating the price of the stock through market maker hedging? Does the dog chase the tail or the tail chase the dog? + +# Intro to Maximum Pain + +Briefly, maximum pain is the stock price at which the maximum number of contracts on the options chain go out of the money. Max pain has been discussed extensively on this sub for a long time, and the traditional dogma is that the market makers, or the options sellers, are manipulating the price of the stock to always end at max pain, the price at which the most number of options buyers end up with worthless contracts. The conclusion of this statement is that buying options is simply giving money to the opposition and doing nothing to furthering MOASS (potentially even hurting MOASS!). My hope is that by the end of this DD many people who feel this way will at least reconsider and challenge this sentiment. + +# Historical Max Pain for GME + +Below is the historical max pain price plotted alongside the price of GME. I don’t even need to do a regression to prove to you that they are correlated (R\^2 = 0.7278). The most notable deviation is during the January Sneeze, mainly because the price exceeded the maximum strike on the chain and it took a few days to expand the chain strikes. Otherwise throughout the rest of the year, they tracked quite closely. However, we all know correlation does not by itself show causation, so lets analyze the data a bit further. + +&#x200B; + +[GME stock price and max pain over time.](https://preview.redd.it/2sohrnovrik81.jpg?width=975&format=pjpg&auto=webp&s=e830ed4df1f5be0ea91be7b4f8d62c27aa35388c) + +# Cross Correlation + +A cross correlation attempts to find the similarity between two signals. One useful purpose of the cross correlation is to find the time delay between two signals. You can read more about them here. + +[https://en.wikipedia.org/wiki/Cross-correlation](https://en.wikipedia.org/wiki/Cross-correlation) + +Let’s see what the cross correlation looks like between the price of GME and max pain. + +&#x200B; + +[Cross correlation between GME stock price and max pain, showing that max pain LAGS GME price by a few days.](https://preview.redd.it/5lc3olb4sik81.jpg?width=900&format=pjpg&auto=webp&s=7d6c670d39d44f24172faca3ab6f1d45aa2d6077) + +Interestingly, the cross correlation shows that max pain LAGS the price of GME by a few days. This is not a smoking gun by itself, but it does indicate that max pain may not be driving the price of the stock, but rather it follows the price of the stock. If market makers were intentionally pushing the price to max pain, then max pain should lead the price of the stock, not lag. + +# Evolution of Max Pain by Expiry + +Now let’s do a deeper dive into how the max pain of each options expiry evolves over time. The figure below plots max pain for each expiry sequentially one at a time (I tried a lot of different ways to show them all on the same graph but they were all pretty hard to follow). The max pain of each individual options chain expiry varies quite dramatically over its entire life. + +&#x200B; + +[Evolution of max pain over time, where each frame in the animation is a single expiry.](https://i.redd.it/861r39wcsik81.gif) + +As can be seen here, essentially every option expiry data has a max pain price that moves dramatically over time. How does the variance of the max pain price over time compare to the variance of the price of GME over time? See the graph below which compares the variance of both. + +&#x200B; + +[Variance of GME stock price vs. the variance of Max pain for all expiries over time.](https://preview.redd.it/yu20y0ctsik81.jpg?width=783&format=pjpg&auto=webp&s=8c765b2fa9b2f131160ee663b728b9467d7f0cb4) + +It seems that the amount that max pain shifts over time is directly correlated to the amount that the price of GME shifts over time. In fact, over all expiries for the last year, the variance of max pain has been about 74.1% (not joking) of the variance of the GME stock price. If the market makers selling options are in control of the price, why is max pain constantly fluctuating with the price? + +# GME Price vs. Relative Delta Strength + +Okay, so the dog has been spinning in circles, is it dog chases tail, or tail chases dog? To get more insight into whether max pain drives the price or the price drives max pain, we need to dig deeper into how options can modify the price of the underlying stock. I go into the evidence that hedging options drives the price of the underlying stock in my previous DDs listed at the top. I encourage you to go read them if you have not, as I am going to use some of the concepts built there to make arguments here. Most importantly is the concept of the relative delta strength (RDS), which is essentially just a normalized measure of the call to put delta on the options chain. A value of 1 is all call delta, a value of -1 is all put delta, and a value of 0 is equal call and put delta. In my previous posts I showed graphically that: 1) option delta and GME price are very well correlated, and 2) changes in options delta appear to precede changes in price. Given these two observations, it is reasonable to believe that hedging option delta drives the price in a stock that is otherwise held by apes and not being traded. + +Here I provide further evidence that changes in option delta PRECEDE changes in GME price. Below is a graph of the cross correlation between the RDS and GME price, showing that RDS leads GME price by a few days. + +&#x200B; + +[Cross correlation between GME price and the Relative Delta Strength \(RDS\). Here, RDS precedes the price of GME by a few days.](https://preview.redd.it/61j659dltik81.jpg?width=801&format=pjpg&auto=webp&s=3aad9cd5341988f6d83d027d96661cf200ec52f9) + +What the hell is going on here? First GME options delta shifts, then GME price shifts, and then GME max pain shifts? How could this make any sense if market makers are manipulating the price of GME to close at max pain? If they were manipulating the stock price directly to close at max pain then one would expect max pain to precede GME price. It does not. Manipulating the options chain without hedging using the underlying would expose them to risks that their business model was not designed to bear, and which my previous posts showed has only happened a few times early on in the GME saga. + +Okay, so if they are largely hedging the options they sell, what is the explanation? The data I am presenting here is consistent with the data I have been presenting about the options chain previously. Specifically, the price of GME is largely being dictated by options hedging, and a natural consequence of this fact is that max pain will FOLLOW the price of GME. We have all been listening to the line “don’t buy options, the market makers are manipulating the price and we always just end at max pain anyway.” In reality, the options drive the price and drive max pain. + +# Conclusion + +Based on the totality of the data I have analyzed in the current and previous DD’s, it appears that options are largely driving the price of GME. As a consequence, max pain FOLLOWS the price, and does NOT dictate the price. + +Then we all should go out and buy options, right? Hell no. At this point I don’t want a single person reading this to buy an option. The amount of hate that has poured out onto those of us that are just trying to understand how options are being used to manipulate the price has been torrential. Every time someone on Superstonk buys an option, an anti-options shill gets an erection. Options are complicated, risky, and expensive, and if you buy an option you will lose all of your money. I simply want the community to understand what is happening with their investment, and how shorts are manipulating the price using options. At the end of the day, we are all individual investors and we will make our own decisions. + +Please, please, please, do not give erections to the anti-options commenters below by purchasing options. + +DO please comment with your interesting options questions. As mentioned above, this post was motivated by a lot of questions I received about max pain on my previous posts, and I hope I delivered for those folks. It’s okay if you got erections. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Special Thank you to u/gherkinit and all of the folks he helped bring together to study GME. Without them I would not have the data I presented here, nor the knowledge of the market to interpret it. +Fatfire relevant since this exit assumes you don’t have to work outside of the contract. + +I’m curious what work was like after you sold and weren’t the person at the top. Was it smooth, did you have to bite your tongue, did things blow up/crash and burn. + +As someone who sold recently and is still on board, I’m curious to hear from other fatties. Any stories or insights are appreciated. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +As title says, if shit goes south - where we all looking at hiding out? + +The U.S market is starting to lose momentum, stimulus drying up, and shit starting to look like it may take another dive. + +Great Depression had a crash and then recovered and then dove straight into the Depression. Same happened with the Dotcom, it crashed recovered and then dove like a motherfucker. There’s a possibility that shit is going to go south again. When/if it does, what shares you all buying after the dip licks our toes? If we all stick to one or two instead of scattering like ants we can come out rich af +Come on. This is my obligatory pump post before the creation of a meme stonk. As we should be aware now, IBX is about to start phase 1. Last time I spoke, this was around 7c and dropped to a low of 6c. It has like 1.1billion shares in issue so for each cent it's approx X10 for the market cap in millions. Now we've finished strong at 10c. I need a Melvin Butters type person to get IBX to the brainchip meme levels that we have bore witness to previously. Brainchip is still legit and so is IBX. + +Just a head up post. Keep watching IBX, fuck dip ya toes in if you want 🚀🚀 tell me how terrible the company is in the comments too. + +Edit: +This is a dogshitmade video but, as dogshit made as it is. It is actually really informative. Give it a watch if you want tiny bit of DD before yoloing and joining me on europa + +https://youtu.be/6J9onAbKczY +I’m 27f in southern California. I make 100k a year and have about 105k in savings with no debt, and around 50k in my 401k. My company does a 4% 401k match and also contributes to a cash balance pension which is 7.5% of my income. +My goal has always been to buy a house and I’m wondering when it will financially make sense for me to. I feel like I’m in a good spot right now and renting just seems like I’m throwing money down the drain when I could be building equity (my rent w/o utilities is $2200). Homes in the area I want to live are selling for 750k+, so it would take me at least another 2 years to save up for a full 20% down payment. +Does it make sense for me to buy now and just do a smaller down payment? Or is it smarter to continue renting until I can come up with the full 20%? Should I consider taking a loan from my 401k? +Any advice is appreciated! + + +Edit: since the post was locked I can’t respond to any of you, but I just wanted to say I truly appreciate all of the advice! I have a lot to take into consideration. + +u/Treefishy thanks for the silver! My first award :) +Was sent this way by r/personalfinance. Throwaway for anonymity reasons. + +TLDR: I'm 39 years old, married, with 2 middle school age kids. About to have $15MM in cash and want to invest it and live off the interest until I die. What should I do? + +Full story: After graduating from college (2002), I went to work at the company my father founded in the 80s. In 2014, my father informed me he was retiring and gave me the option to purchase the company using a seller promissory note. I bought the company from him and have been making my monthly payments to him since then. + +After taking over, I've increased sales, bought out competitors, improved efficiency and have tripled EBITDA. Personally, I've paid off my personal home mortgage and put all my savings and dividends into a Vanguard Target Index Fund and two 529 plans for my kids' college. + +Earlier this month, I received an offer from a PE firm that would allow me to pay off what's left of my father's note and all the other debt owed. After paying everyone and capital gains taxes, I would net about $15MM. Even though I'm young to retire, I've decided to sell and live off the interest generated by that lump sum. Assuming a 4% interest and 50% fed+state income tax rate on the interest income, I would net $300K/year, more than enough to support a very comfortable lifestyle for me and my family. + +So my questions: + +1. What am I failing to consider in this entire plan? Where are my blind spots? +2. What fixed income options should I be researching? I'm thinking AAA bonds or tax free munis. Are there other options that can give me what I'm looking for? +My little brother passed and my father is legally his executor. He had around $40,000 worth of credit card and personal loan debt. He only has around $10,000 in his bank accounts with no property or other assets. His retirement and life insurance accounts had beneficiaries listed so it’s my understanding they are kept separate from the estate. + +What will happen when creditors start to reach out to my dad and we run out of money in his estate as we’re making payments? + +My brother passed in California. My brother had an estranged spouse in which he was in the middle of filing for divorce from. Will she be liable for part of his debt knowing that California is a community property state? + +I am looking into hiring a probate attorney to discuss as well. + +Please let me know if there is a better sub Reddit for these questions. Thank you so much in advance. + + +EDIT: Thank you everyone for the answers and information. This is super helpful especially at time where it’s difficult for my family to even get out of bed. I’m going to be consulting with a lawyer on what would be best for our family and his estranged wife given the situation is a bit unique. Much love to all 🙏🏽 +Dear Apes, + +&#x200B; + +Your buddy the dumb crayon eating Marine here. Let me explain what I think is going on. ***Edit: If you think I'm attempting to divide the sub. I'm not. I'm trying to keep illegal practices from happening on our fucking sub, ya know, so we still have a sub tomorrow and the next day. Take this forward while reading this. I don't care why you are investing in GameStop. Just don't voice it publicly. Come on people, read between the lines. What's the first rule of fight club.....use your heads... 😆 *** + +&#x200B; + +&#x200B; + +**We just saw an former SEC Director on the news at the end of the week speaking about how there is no way to pin what is going on here on retail; wait for it.......EXCEPT if GME/ other Meme stocks are just a "Pump and Dump". Now all of a sudden this weekend, I keep running into posts with the same underlying message.** + +# "Fuck you, I'm only here for quick money. I don't care about GameStops fundamentals, I'm here for the quick money. Aka : Pump and Dump." + +# + +# Let me break something down for you all, GME had excellent 1st quarter numbers. We have a dream team of Executives from Amazon/Chewy and they are pivoting into E-Commerce. There should be ZERO fucking Apes screaming, I'm just here for the squeeze and I don't care about what GameStop is doing. NOBODY SHOULD BE SAYING I DON'T BELIEVE IN THE STOCK, FUCK YOU PAY ME. It doesn't make sense, and it's feeding the narrative that the SEC would look at. + +&#x200B; + +You know this sub is being watched like hawks. Why the fuck would you rock to boat to just see how far you can go before tipping it over. We are winning if we don't shoot ourselves in the foot. It reminds me of Oberyn Martell and The Mountain. If Oberyn just kept his mouth shut and kept his safe distance, he would have won......DO NOT LET THE MOUNTAIN SQUISH OUR FUCKING HEADS IN. + +# + +If you are guilty of saying shit like this or have upvoted it, go back and change it. This shit is FUD. It's trying to get people on this sub to say say things that can be construed as market manipulation. They know this is a Hive Mind, if you plant enough seeds, shit will spread. This is their latest FUD. They are trying to find a way to make retail the bad guys and you guys are spreading it. + +&#x200B; + +Knock this shit off. The SEC and the big guys are waiting to have a reason to shut this all down. You all are here because you like the stock and think GameStop has a bright future. If this does MOASS and you take profits that's fine, that's what a normal long investor would do. Nobody here thinks any differently. + +&#x200B; + +&#x200B; + +(Edit: Apes seem to not understand the seriousness of what this message says. The entire sub and investors can have the GME trade shutdown over this. If they can clearly say that "Apes" are just trying to pump these stocks for a quick ride that is ILLEGAL. For fucks sake people, just don't say anything about your position. How hard is that? Apparently some of you aren't able to to read between the lines. Repeat after me, I just like DFV. We just like the stock. ) + + +This Ape nailed today. I do find the humor and irony of my posting but I felt it had to be said. This meme sums today up + https://www.reddit.com/r/Superstonk/comments/nz2674/waking_up_to_the_sub_this_morning_like/?utm_medium=android_app&utm_source=share +I've been playing with the MSE overpayment calculator, and have worked out that every £4 per month I overpay knocks a month off my mortgage term! + +Just put in any recurring overpayment amount and see how much it reduces the term. Then keep increasing it by £1 until it knocks a month off the term. + +This is quite a new perspective for me, I have been overpaying a bit but it's motivated me to throw a lot more money at this. + +Edit: link to calculator https://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator/ +A newly minted token with a lot of potential, active devs and a dedicated community. + +**How does the whole thing work?** + +Each transaction has a basic fee of 6%. 2% is redistributed among all holders, 2% is burned and the last 2% are going into the lottery pool. If this reaches a quantity of 0.1% of the total supply, it will be distributed to one lucky holder. Since these draws depend on the size and number of transactions, this means that several draws are possible in one day. + +**How can I participate?** + +Any address with a minimum of 18 LOTs is automatically eligible to participate in the drawings. After that you never have to pay money or top up, just hold and you have your lottery ticket for eternity! + +**What is the chance and the pot?** + +Currently you have a chance of about 1/2500 which is incredibly high compared to lotteries in the real world! The pot is currently \~1225 LOT with a current value of \~3000 USD! + +**Tokenomics** + +\*1,250,000 initial supply + +\*6% tax on every transaction + +\*2% is burned + +\*2% is redistributed to all holders + +\*2% is sent to the lottery pot + +Current marketcap is sitting around $3 million. This token has huge upside potential with how popular lotteries are. + +**Links:** + +\*website: [lotterytoken.net](https://lotterytoken.net) + +\*Liquidity lock: [https://dxsale.app/app/pages/dxlockview?id=0&add=0xB3125A2A0baaFaaD790c56650Ef96322bC507585&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xB3125A2A0baaFaaD790c56650Ef96322bC507585&type=lplock&chain=BSC) + +\*telegram: [https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) + +\*discord: [https://discord.gg/WBKDXCVKbS](https://discord.gg/WBKDXCVKbS) + +\*reddit: [www.reddit.com/r/lottery\_token?utm\_medi](https://www.reddit.com/r/lottery_token?utm_medi) + +\*Twitter: [https://mobile.twitter.com/lottery\_token](https://mobile.twitter.com/lottery_token) + +\*contract: [https://bscscan.com/address/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://bscscan.com/address/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) + +\*graph: [https://poocoin.app/tokens/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://poocoin.app/tokens/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) + +To buy: + +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4E7Ae924FD9a5D60b56BE486b2900efE0c6a9CA7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4E7Ae924FD9a5D60b56BE486b2900efE0c6a9CA7) +Already have some minor skin in the NEO game. I'm very VERY bullish about it, both short term and long term. I currently have about 40% of my portfolio in NEO and 40% in ETH, the remaining 20% in other coin projects. I want to hear reasons to either sell my ETH and go into NEO or why that's a terrible idea. +Already have some minor skin in the NEO game. I'm very VERY bullish about it, both short term and long term. I currently have about 40% of my portfolio in NEO and 40% in ETH, the remaining 20% in other coin projects. I want to hear reasons to either sell my ETH and go into NEO or why that's a terrible idea. +I know this has been sort of sold as the American dream and people talk about how renting is lighting money on fire. But I would disagree to an extent, you're paying to live somewhere where the building is taking care of basically all services and issues for you (trash, recycling, maintenance, in many cases setting up utilities with group rates, mail and packages, gym and gym repairs in many buildings--the list goes on). + +I'm in my early 30s, in an extremely high cost city. I can see myself maybe one day wanting my own place because I care about tailor the layout, design, fixtures and interior elements of my home. But as someone who isn't really a homemaker by nature and HATES dealing with home maintanance--how important is this? Especially when mortgage on a decent place in my city would certainly be higher than (my admittedly high) rent. +Hi PF, + +I recently had an interesting experience with a dentist office in my town. As a backstory, I went to this dentist when I was a child but recently moved back to my original hometown and coincidentally went back to my old dentist. + +After a recent cleaning I was informed that I had a past due balance from the year 2000. At this time I was six years old. I was informed that I owed about 100 dollars that was never paid. I told them that I had no recollection of coming here as I was so young and asked them why they had not tried to collect from my parents over the course of all these years. After telling me that they cannot talk about other patients without them being present, the receptionist then told me that my mother had a past due balance from 1998!! I'm almost certain this violates some HIPAA law.