diff --git "a/reddit_finance_43_250k_263.txt" "b/reddit_finance_43_250k_263.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_263.txt" @@ -0,0 +1,10000 @@ + +&#x200B; + +Based on payouts to date, and assuming flat dividends, Oxy would hit that $4 per share mark by the end of 2022 if it buys back roughly another $2 billion between now and New Year’s Eve. Forecast free cash flow is more than triple that, so it looks easily done. + +&#x200B; + +While Buffett’s relationship with Oxy is unique, taking a fifth of the company — and more than a quarter if you factor in his warrants — means he is bullish on oil and gas prices. He clearly expects them to remain healthy enough for the foreseeable future to support Oxy’s continuing buybacks and preference share dividends. This has fueled speculation that Berkshire might acquire Oxy outright. That’s possible, though it must be asked why Buffett would pay a takeover premium. His lock on the capital structure already gets him what he wants in terms of spending discipline and oil-price exposure. + +&#x200B; + +The more intriguing aspect was pointed out to me by Dan Pickering, founder of Pickering Energy Partners Inc., a Houston-based investment firm. He is struck by how, in contrast to the usual hoopla when Buffett takes a stake in something, his big bet on Oxy this year (as well as Chevron) hasn’t sparked a widespread reappraisal of oil stocks. “It tells you how far out of favor the sector is,” he says. + +&#x200B; + +That’s correct: Despite the jump in commodity prices and earnings, energy remains just 4.1% of the S&P 500. The same day Berkshire filed its disclosures, oil slumped by 3% on renewed fears of a slowdown in China. On the other hand, the war in Ukraine is ongoing and Brent crude remains above $95 a barrel. Buffett mustn’t see that changing anytime soon, and he is instinctively drawn to unloved sectors. In Oxy’s case, he also gets to create the reality he prefers. +I'm curious if any of you are actually making a full time income trading options as your only income? + +I follow some of the big options website and blogs and these guys claim it's possible with the right strategy. But then I read articles on big financial sites that say it's not really possible and that advisor sites wouldn't need to have website and sell training and picks if they were able to make a living trading which makes sense. + +I'm just trying to figure out if it's possible to make a living if I follow the right strategy and am consistent and conservative about it? Also some people say you can make money regardless of the market while others say it's only possible in a bull market to really make money +Im seeing quite a few comments today regarding the hopefully upcoming release of SR-NSCC-2021-002.Those comments state that **SR-NSCC-2021-002** will be active on Monday June 21 2021 which isn´t true. + +June 21 2021 is the Date designated by which the SEC has to either **Approve, Disapprove or file legal action against this rule.** + +[https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf)(page 2 if your interested) + +So wether this rule gets approved or not we won´t know until probably near the end of market on monday. + +Please Remember even IF the rule gets approved (it probably will but expect anything) this rule would at the earliest get implemented for the next trading day but also keep in mind they can take "up to 10 days" to implement new rules. + +I don´t want anyone dissapointed if this rule isnt active Monday or Tuesday or in the worst casedoesn´t even get approved. + +You will see here if there is a new notice either of approval or dissaproval of **SR-NSCC-2021-002** + +[https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) + +or + +[https://www.dtcc.com/legal/sec-rule-filings?pgs=2](https://www.dtcc.com/legal/sec-rule-filings?pgs=2) + +I wish everyone a nice weekend and hope for a awesome next week :) + +If any of this information is wrong please feel free to correct me. + +EDIT: I want to thank everyone for the Awards given even thogh it should be normal in a community to help each other out :)Have a great time everyone. + +EDIT 2: Made it to the Hot Page dont know if i should be happy but you guys are all fucking awesome :) + +EDIT 3: Some users ( u/rendered_lurker, u/BLOODFILLEDROOM for example) brought to my attention that it will be effective upon release.To clarify any misunderstanding i also like this rule implemented as fast as possible but i wanted to include every possibility on what could happen. + +Thanks to user u/OkGas9917 who is in contact with people at the DTCC id like to provide this link + +[https://www.reddit.com/r/Superstonk/comments/o1x5gn/continuing\_conversations\_with\_johnjacqueline\_from/](https://www.reddit.com/r/Superstonk/comments/o1x5gn/continuing_conversations_with_johnjacqueline_from/) + +If you look at the last screenshot the Vice President of the DTCC says quote: + +**"As noted in the filing we must implement the change within 10 days from receipt of an approval from the SEC"** + +So yeah it COULD take them up to 10 days. +Do i hope for additional 10 days ? Hell no in my opinion this could already be implemented 45 days ago but i included this to prepare for every possibility :) +Hi fatFIRE, + +I [previously have posted in here](https://www.reddit.com/r/fatFIRE/comments/7s8l4w/tool_to_figure_out_how_long_until_you_can_fire/) about calculators that I made that will calculate your path to FatFIRE. Recently, I took the extra step and [created a tracker](https://www.financialtoolbelt.com/accounts/signup/) where you can either let the app auto calculate your FI number, or set a custom one yourself. For those of you pursuing fatFIRE I would imagine you would want to set a custom FIRE number. + +The goal is to help people understand their path to FI no matter if they are new to the concept or advanced users like most of us on this sub. + +[Here's a photo of the dashboard](https://imgur.com/a/DjfcugR) + +Currently the app has: + +* Ability to track your progress over time towards FI +* Track your emergency fund (feedback from /r/leanfire) +* Achievements and weekly reminders to help you stay motivated +* A "FI Newsfeed" that automatically updates with FI related blog posts, podcasts, and videos +* A data lab to simulate different paths to FI +* Insights on where you stand and how to reach your goals faster +* No connection to bank accounts. I want to keep this as privacy friendly as possibly by asking you for minimal personal information & don't connect to your accounts + +Here's a link if you are interested: + +[https://www.financialtoolbelt.com/accounts/signup/](https://www.financialtoolbelt.com/accounts/signup/) + +I would love feedback on anything. Want a feature? Think something could be cool? Something look weird? I want to hear it all! I have a list of items I want to make but ultimately I want to make things that the FI community wants. + +I suspect the fatFI community likely has some advanced use cases this might not handle yet, but I am open to nearly anything you might have in mind! +Howdy Everyone, + +[https://www.reddit.com/r/Superstonk/comments/ni2r7l/would\_a\_tax\_cheat\_sheet\_be\_helpful/](https://www.reddit.com/r/Superstonk/comments/ni2r7l/would_a_tax_cheat_sheet_be_helpful/) + +I made a post the other day asking if some tax advice would be helpful and got a ton of support. I plan on making a few posts to give a good overview in the tax world. If/when MOASS occurs, it will be helpful to understand what you’re dealing with. Feedback is greatly appreciated! Also feel free to leave any website links if you find anything interesting! + +I don’t want information overload, so I will try and break these up by topics. Income makes the most sense to do first. Don’t worry I will be using Explain Like I'm Ape (**ELIA**) descriptions throughout! + +Few things first: + +&#x200B; + +* Tax is super vast. I won't know every single thing. +* Please don’t ask me to prepare your return. I don’t want to use this new platform as some side hustle. It will be worth every dollar to give this to a CPA firm. +* The Biden Administration is considering making some changes. I have no idea if/when they will go into effect, nor do I know every single thing they’re considering. But I will make a note of these proposals as we go along. +* Keep in mind that this is for **Federal** (Big Government) **purposes**. The state and cities you live in will have similar forms, but the rules and tax rates will be different. + +&#x200B; + +[Serious Tax Picture](https://preview.redd.it/91i50eojcs071.png?width=500&format=png&auto=webp&s=3c1dad958bc582f54ebadce852c1249ca96a675a) + +Here's some basic terminology to make things easier: + +&#x200B; + +* Income – Money coming in +* Basis – The amount of money you invested in something +* Fair Market Value (FMV) – What that "something" is worth today +* Gain – A type of income +* FMV – Basis = **GAIN** +* Deduction – Lowers your amount of income +* Phase-out – You made too much money to get this deduction LOL +* Credit – kind of like a deduction but a little different +* Tax Liability (Refund) – how much you owe the government (how much the government owes you) + +# Ok, Let’s Get Sexy + +If you didn’t know already, you have to pay taxes as an American. These are supposed to be due April 15th and cover the activity from January – December of the previous year. There are many different types of tax entities, but we’re going to focus on 1040 individual returns (Ape’s Tax Return). + +&#x200B; + +Here’s an ELIA for the most common forms for a 1040: + +&#x200B; + +* Page 1 and 2 - Here’s a summary of everything along with how much tax I owe +* Schedules 1-3 – Oh, here’s some other income and taxes that weren’t summarized earlier +* Schedule A – Here’s everything I spent money on that would lower my taxes +* Schedule B – Interest and dividend income from stocks and bank accounts +* Schedule C – If you own/operate a business, you will probably enter it here +* Schedule D – **GME GAINS GO HERE** +* Schedule E – If you own rental property or other businesses (that file their own returns), you’ll enter your share of the profits here +* Schedule F – For the 10 people that have farm income + +# So How Do Taxes Actually Work? + +The United States uses what’s called a **Marginal Tax Rate**. We have tax brackets, with each bracket representing a different “level” of income and tax rate. **As your income increases, so does the tax rate**. ***This is important:*** Income taxes at this rate is called **ORDINARY INCOME**. ***This will come up later.*** + +Here’s the 2021 tax bracket below: + +[I hated this part in college](https://preview.redd.it/wdr8s6ldds071.png?width=817&format=png&auto=webp&s=320fb96642764474a91740d2c3607e36ab9d84b5) + +Looks scary. Here’s an example: + +Ape (single virgin) made is $50,000 in 2021. Ape will pay: + +1. $995 for the 10 percent marginal tax rate ($9,950\*.1) +2. $3,669 for the 12 percent marginal tax rate (($40,525 - $9,951) \* .12) +3. $2,084 for the 22 percent marginal tax rate (($50,000 – $40,526) \* .22) + +$995 + $3,669 + $2,084 = **$6,748 =** **Tax Liability** + +You won’t need to calculate your tax liability. TurboTax and other Tax Software will automatically do this for you. I’m just showing it to connect everything together. + +&#x200B; + +That was easy, right? Oh wait. We’re not done yet. The U.S. Tax System is not this easy. Let’s talk about everyone’s favorite thing: + +# CAPITAL GAINS + +If you make long-term investments in the American Economy, we will reward you with *lower tax rates*. + +To make this easier, I will split this into two Buckets: + +***Bucket A: Short Term Capital Gains:*** + +If you **hold a stock for** **one year or less,** you are in this bucket. Your tax rate will be **THE SAME AS** **the normal income tax rate**. Another way of saying this: **“This is Ordinary Income and will be included in the tax brackets above with everything else”** + +**ELIA: If MOASS, it’s like getting a $10,000,000 paycheck from your job**. + +&#x200B; + +***Bucket B: Long-term Capital Gains*** + +If you **hold a stock for** **more than one year**, you are in this bucket. Your tax rate will be **LOWER than the normal income tax rate**. + +**ELIA: Less banana go to tax.** + +Here are the current Long Term Capital Gains Rates (LTCG) for 2021: + +[LTCG](https://preview.redd.it/gmrhdjmjes071.png?width=695&format=png&auto=webp&s=64f5bdee18b384d163b55e17faaecdc570539808) + +* Notice is that all of these rates are lower than the marginal income brackets for those income levels +* Maximum LTCG is **20%** < Maximum Marginal Tax Rate is **37%** +* **\*NOTE\*** the Biden Administration is *considering* changing the highest tax bracket from 20% to **39.6%\*\*\*\*.** ***Holy Tendies!*** + +Also, ***nine states have no capital gains tax rate*** (Lucky you. You still have to pay federal): + +1. Alaska +2. Florida +3. Nevada +4. New Hampshire +5. South Dakota +6. Tennessee +7. Texas +8. Washington +9. Wyoming + +&#x200B; + +Almost done; two more things. + +# Cost Basis + +Remember that definition I had earlier? Well **not all basis are treated equally.** + +Look at the three scenarios below to see which best applies to you. For those with questions on gift tax returns (will cover in more detail later), see #3. Note FMV will be the same regardless. + +&#x200B; + +1. If you **purchased the stock for yourself**, your basis is the purchase price +2. If you **received the stock from inheritance** – your basis is the **FMV** of the property (stock) at the date of their death (there is also an option to elect FMV six months after death)\*\*. Also, all inherited property is *automatically considered Long Term Capital Gains when sold.* +3. If you **received the stock as a gift** – It depends….but given MOASS it will be the **basis of the donor.** + +**ELIA: Your gain may change depending on how you got the stock.** + +\*\*Note that the Biden Administration is **considering** changing basis rules for #2. The proposal would replace FMV at death with the donor’s original basis. + +Example: + +* OLD – Grandma buys 1 share of AAPL for $5 and leaves it for Ape. It’s now worth $500. Ape sells AAPL share. Cost basis for Ape is $500. No gain on sale of stock. +* BIDEN - Grandma buys 1 share of AAPL for $5 and leaves it for Ape. It’s now worth $500. Ape sells AAPL share. Cost basis for Ape is $5. $495 is subject to LTCG. + +# Wash Sales + +**WTF is a wash sale**? + +~~Wash Sale – When you sell a security (stock) for a loss and then buy that same stock again within 30 days BEFORE or AFTER (applies both to your brokerage, and IRA accounts)~~ + +**Here are the two situations that would generate a wash sale:** + +**A: You sell a stock** ***for a loss*** **that you've owned for 30 days or less** + +**B: You've sold a stock that you've held for MORE than 30 days** ***for a loss*** **and then BUY the same, or similar stock, within 30 days or less** + +I’m not sure if there’s a way you can check your brokerage account to see if you have a wash sale. What I do know is your brokers will send you a 1099 for yearly activity. If a wash sale does occur, you can see it on your 1099 report history. + +Here’s a picture below to illustrate: + +[Wash Your Hands Kenny](https://preview.redd.it/x4mqkt50gs071.jpg?width=767&format=pjpg&auto=webp&s=8ed88f0ffe31df712558bb2035416f4b0ab74377) + +Note that this person is not able to take a $100 loss since the stock was bought and sold for a loss within 30 days. Even though they didn’t buy the stock after 1/29/15, the 30-day rule applies to before. Basically, if you paper-handed for a loss this year and bought back in again within 30 days, ~~you WON’T be able to include that loss to lower your income.~~ **your loss will be ADDED BACK to your basis and there will be NO LOSS ALLOWED** + +**If you paper-handed this year and had some gains**, this DOES NOT apply. It is only if you sell for a loss and repurchase within 30 days. + +I don’t want to spend too much time on this since we can’t change the past. But **this should be extra encouragement why you should keep holding** and not sell for a loss. I will note that out of the 100+ individual returns I’ve prepared, I’ve seen two wash sales. They’re not common. + +**ELIA:** **Don't Impulsively sell for a loss** + +\***Fun Fact** (Since I got grilled on r/CryptoCurrency for this): **Crypto is NOT a security and is NOT subject to wash sale rules.**\* + +And that’s a good summary on income! Hope this wasn’t too much. Again, your CPA will already know how to do most of this, but I want to make sure everyone has an idea of what's going on. + +Please give some honest feedback and I’ll adjust moving forward! + +Thanks for reading! Below are other topics I’m planning to cover in the near future: + +* Deductions and Losses +* Gift Tax, Trusts and Estates +* Estimated Tax Payments/State taxes +* Finding a CPA firm / what to expect / how not to piss off your accountant +* Non for Profits / private foundations / etc. +* Foreign Apes + +Sources: + +[https://www.irs.gov/instructions/i1040gi](https://www.irs.gov/instructions/i1040gi) + +[https://www.zrivo.com/tax-brackets-2021](https://www.zrivo.com/tax-brackets-2021) + +[https://www.irs.gov/taxtopics/tc409](https://www.irs.gov/taxtopics/tc409) + +[https://www.irs.gov/publications/p544](https://www.irs.gov/publications/p544) + +[https://www.irs.gov/publications/p551](https://www.irs.gov/publications/p551) + +[https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates](https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates) + +[https://www.investopedia.com/terms/w/washsalerule.asp](https://www.investopedia.com/terms/w/washsalerule.asp) + +[https://www.investopedia.com/articles/retirement/09/ira-wash-sale-rule.asp#citation-2](https://www.investopedia.com/articles/retirement/09/ira-wash-sale-rule.asp#citation-2) + +[http://www.tradelogsoftware.com/resources/wash-sales/#what-is-wash-sale](http://www.tradelogsoftware.com/resources/wash-sales/#what-is-wash-sale) + +[https://www.fool.com/taxes/2014/10/04/the-states-with-the-highest-capital-gains-tax-rate.aspx](https://www.fool.com/taxes/2014/10/04/the-states-with-the-highest-capital-gains-tax-rate.aspx) + +**Edit** ***\*Read Me!\******:** Hi Everyone. Super glad that this has been helpful! I don't get a lot of opportunities at work to mentor/teach this stuff, and genuinely enjoy giving back! I love all the questions you're asking and want to emphasize that **THERE ARE NO DUMB QUESTIONS.** I guarantee that there are two other apes who are thinking the same thing too :) + +Here's a quick few things to keep in mind: + +&#x200B; + +* We're going to get to Gifts/Estates/Trusts! A lot of this information builds off each other, so I think getting through some basic loss/deduction rules will be helpful before we branch off into other tax entitles +* I've gotten a lot of interesting *and specific* questions on State Taxes. **For right now, the answer is** **I don't know!** The rules are all different and can change at any time! This is why most accounting firms have an entire team dedicated to **JUST State & Local Taxes.** +* I will put together a step-by-step easy guide on how to find out all of your state questions online (it's not as advanced as you think. This is what we do in public accounting) +* **Foreign apes**, I see your comments! I just ask you to be a little patient! Let me get through the rest of the fundamentals and I will get a post for you guys! I honestly know nothing about this area (just yet)! +* If you find any interesting articles/videos/topics about highly specific things, feel free to comment/DM them and I will try my best to explain. +* I've been slammed with COVID-related tax season for the past 5 months, which is why it took so long for me to post these! I hope to use this downtime, before everything returns to normal, to ease some fear about taxes +* I'm able to get fundamentals out quickly because they're mostly review from college courses and CPA exams. Once we get into more complex things, it will probably take me longer to absorb and write up! +* Don't get too comfy. **If MOASS this summer, I would expect most state to add or increase their tax rates as a result.** No idea if/when they would be passed. + +**Tl;dr: This is why you're going to pay a CPA firm $20,000+ to do this for you and it is worth every penny (Welcome to being High-Net Worth). I will make a post to explain why in the future. :)** + +&#x200B; + +**Edit 2:** + +Lot's of great questions on Estimated Tax Payments! I will be getting to these once I finish my next post on deductions/losses. Don't have all my info just yet, but I'm pretty sure it won't impact these that much. + +I haven't looked it over yet, but [u/CalamariAce](https://www.reddit.com/u/CalamariAce) made a which will probably point you in the right direction: + +[https://www.reddit.com/r/wallstreetbets/comments/mp6kuv/estimated\_taxes\_and\_why\_you\_probably\_wont\_need\_to/](https://www.reddit.com/r/wallstreetbets/comments/mp6kuv/estimated_taxes_and_why_you_probably_wont_need_to/) + +&#x200B; + +**Edit 3:** + +I think my definition on wash sales could be improved. + +**Here are the two situations that would generate a wash sale:** + +**A: You sell a stock** ***for a loss*** **that you've owned for 30 days or less** + +**B: You've sold a stock that you've held for MORE than 30 days** ***for a loss*** **and then BUY the same, or similar stock, within 30 days or less** + +If you're still confused just buy and hold :D + +**Edit 4:** Credits to u/Banshee-- for improving my wash sale understanding. Please see updates above! +Guten Tag to this global band of Apes! 👋🦍 + +Last week brought a very welcome 21% increase in GME share price, along with quite a lot of indicators that the SHFs are losing control.While I won't believe *that* until the MOASS hits, I do get excited about things like XRT reaching 1300% short, ORTEX showing 100% utilization and a short squeeze indicator, media silence on 20%+ increases, and a steady stream of DRS posts showing that Apes are committed to locking the float outside of the DTCC. + +As we look ahead to what this week will bring, there is a lot of uncertainty about the events surrounding Ukraine and how that will impact markets.I'm sure that the SHFs are going to do their best to not let such a crisis go to waste, but nevertheless, GameStop continues to be a fantastic investment and there is nothing they can do to convince me otherwise. Our Diamantenhände can withstand any amount of FUD they can muster. + +Today is Monday, February 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$123.66 / 108,31 €** *(volume: 1931)* +- 🟩 115 minutes in: $123.87 / 108,50 € *(volume: 1902)* +- 🟩 110 minutes in: $123.86 / 108,49 € *(volume: 1882)* +- 🟥 105 minutes in: $123.85 / 108,47 € *(volume: 1846)* +- 🟩 100 minutes in: $123.93 / 108,55 € *(volume: 1839)* +- ⬜ 95 minutes in: $123.85 / 108,47 € *(volume: 1708)* +- 🟥 90 minutes in: $123.85 / 108,47 € *(volume: 1544)* +- 🟩 85 minutes in: $124.07 / 108,67 € *(volume: 1493)* +- 🟥 80 minutes in: $123.83 / 108,46 € *(volume: 1438)* +- 🟥 75 minutes in: $123.89 / 108,51 € *(volume: 1336)* +- ⬜ 70 minutes in: $123.93 / 108,55 € *(volume: 1324)* +- ⬜ 65 minutes in: $123.93 / 108,55 € *(volume: 1310)* +- ⬜ 60 minutes in: $123.93 / 108,55 € *(volume: 1217)* +- ⬜ 55 minutes in: $123.93 / 108,55 € *(volume: 1133)* +- ⬜ 50 minutes in: $123.93 / 108,55 € *(volume: 1082)* +- ⬜ 45 minutes in: $123.93 / 108,55 € *(volume: 1077)* +- ⬜ 40 minutes in: $123.93 / 108,55 € *(volume: 986)* +- ⬜ 35 minutes in: $123.93 / 108,55 € *(volume: 974)* +- 🟥 30 minutes in: $123.93 / 108,55 € *(volume: 944)* +- 🟥 25 minutes in: $124.62 / 109,15 € *(volume: 790)* +- 🟩 20 minutes in: $125.20 / 109,66 € *(volume: 465)* +- 🟥 15 minutes in: $125.14 / 109,61 € *(volume: 395)* +- 🟥 10 minutes in: $125.20 / 109,66 € *(volume: 361)* +- 🟥 5 minutes in: $125.79 / 110,18 € *(volume: 104)* +- 🟩 0 minutes in: $125.97 / 110,34 € *(volume: 70)* +- 🟥 US close price: $124.25 / 108,83 € *($125.00 / 109,49 € 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 1.1417. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +The article on The Guardian mentions a 8% asking rent drop vs February in Zone 2. + +As I am due to renew my tenancy soon (Zone 4), I am curious to see what people here are experiencing. Have you renewed your tenancy recently? Have you negotiated the rent down and by how much? + +I am thinking to ask either a 5% reduction or a 10% I am still deciding. If the new contract was to start now I would ask 5%, but I expect a further drop in rent prices in the next few months so I am thinking 10% will be realistic. + +Also, what's the story with the flats that are usually rented to university students in September? I expect there will be a large drop in demand due to the current issues and EU students not coming to study in UK anymore? +# Here's what makes option selling profitable (in detail) and how to increase your returns selling them. + +This is a long post, it helps you understand options a bit better and make some profitable decisions in the future! + +I try to make theta and options easier to understand by relating it to real estate and moving one step at a time. + +If you have questions, leave a comment, I'll try to respond to everyone. + +Let's dive into the world of Theta and options trading!! + +# #1: Theta is a feature of an option. Plain and simple. + +Imagine showing someone a house and saying to them *"It's 3 bedrooms, 2 washrooms, good neighbourhood, and the rent is $2,000/mo".* + +Each thing you listed in that sentence is a feature of the house. You wouldn't say that the house is good or bad because bedroom, or because rent, etc. It's the over all view with all things considered. + +Similarly, theta, gamma, vega, delta, etc... these are just features of an option. Inherently, they are not good or bad. they just tell you about the option you are looking at. + +# #2: Think of theta as rent. + +If options were a house, theta would be the rent. Think about it like this. *Someone pays rent to get access to the house.* + +In the options space: *someone pays theta for access to other features of the option.* + +Can you guess what they are paying for access to? + +# #3: One man's theta is another man's gamma. + +If you guessed gamma, you are correct! T*raders pay theta to get access to gamma.* + +The easy way to think about gamma is that it's your sensitivity to big moves. If a stock moves like crazy, the option buyer makes some bank, right? So why on earth would ANYONE sell options? + +# #4: The amount of theta is directly correlated with the "gamma risk". + +Going back to our house example, if you wanted to buy a big penthouse in downtown New York, the rent is probably pretty high. It's because you get access to some awesome shit if you pay it! It wouldn't make sense for the rent to be $500/mo. No one would rent it out! *The rent is correlated with the house you get exposure to*. + +In the options space, if a stock has a lot of "gamma risk", AKA the risk of big move, the theta on the option is higher too! This is because if it were not proportionately higher, no one would be a seller, and there would be no market. + +**Now heres the key.** If gamma and theta were perfectly even, and markets were totally efficient, the expected value would be 0 (you wouldn't make money being a buyer or seller). In this world, who wouldn't want break even exposure to big moves?? It's basically a free hedge! + +SO.... there's this little thing called **variance risk premium**\*\*.\*\* + +# #5 Option sellers get a small premium for being on the short side of convexity. + +The variance risk premium is a small edge for the option seller that they get for holding the risk of big moves. + +Because of this, on average, selling options is profitable. In the long run, you will have a lot of small winners and the occasional big loser. This is what we call a "short vol" strategy. + +You can see the risk premium on a lot of stocks. An easy way to see it is to plot the Implied volatility for 30 day options over the realized volatility for 30 day period. You should see that on average the *implied move* (what the options SAY will happen), is a bit higher than what actually does. THIS IS THE PREMIUM! + +and then you will see periods where the big gamma move happens, and the RV goes higher than the IV. THIS IS WHY THE PREMIUM EXISTS! + +**Example**: + +[Green Line = IV. Blue line = RV. this is on SPY. You can see how most of the time, IV \> RV, Sometimes the RV Shoots up though. That is the risk we take when selling \(why we get paid a premium\)](https://preview.redd.it/9ktklg38raq71.png?width=1024&format=png&auto=webp&s=cb85e3f21b0789904e9e3b6a5884ac1ffd79fba0) + +&#x200B; + +Green Line = IV. Blue line = RV. this is on SPY. You can see how most of the time, IV > RV, Sometimes the RV Shoots up though. That is the risk we take when selling (why we get paid a premium) + +But here's the thing.. how much can we really expect to make here? + +In the long run, about 11% per year. boo. + +*I want more. You want more. Fuck 11% / year. So how do we do it?* + +# #6 Buy Cheap Things, Sell Expensive Things. + +Let's go back to our house example, 1 more time. Imagine we are evaluating a property in New York City. All of a sudden, a HUGE amount of demand comes into the market. There is a shortage of houses for all the renters, so the rent keeps increasing. You look at your property.. 2 beds, nice view.. fair rent is probably $4,000 /mo. But you look at the market and people are offering $6,000/mo for your property!! + +In this case, by renting out your property, you are making an *Inflated premium*, or a rent premium higher than what you should be making given the asset you are giving someone access to. + +In options, we can find stocks where the Theta is HIGHER than it should be, given the gamma we give someone exposure to! + +Think about some of these meme stocks as example. So many buyers, so few sellers (who wants that risk, right?). + +Well... this is perhaps opportunity! + +If we can come into the market and put a fair value on the "gamma", we can find times where we can be *overcompensated with theta.* + +There is a simple formula for understanding this. + +IF IMPLIED VOLATILITY IS HIGHER THAN WHAT YOU THINK REALIZED VOLATILITY WILL BE: SELL! + +Even more simply put: if option more expensive than how much stock move, sell! + +The hard part is learning to price volatility / options (I'll cover the basics in another post if this one does well). + +# #7 Here's an example of how I analyze/price gamma and theta. + +Imagine we divided the IV by the RV, we would be able to see *how much* higher or lower the IV is compared to the RV. + +example: if IV/RV = 1.5, then the price of the option is 1.5x higher than the value the buyer is actually getting (easy way to think about it). + +By plotting the IV/RV Ratio historically, we can see how much of a premium their typically is, and how bad it gets when the gamma move is big! + +**Example**: + +[typically the iv\/rv ratio for 30 dte options is positive on SPY. but we do have periods of pain where it goes lower and that erases a lot of gains.](https://preview.redd.it/37bkr2k6raq71.png?width=1024&format=png&auto=webp&s=546f54ba35cffb38cf298ce1789ae4975ba67ccc) + +typically the iv/rv ratio for 30 dte options is positive on SPY. but we do have periods of pain where it goes lower and that erases a lot of gains. + +# CONCLUSION: + +Theta is not free money. It's a characteristic of an option. Understanding it is important, but really, it's our ability to price risk that makes us money as traders. The better we get at pricing risk, the truly "juicier" premiums we can find. + +If this post is well received by the community, I'll gladly do a follow up. + +Happy trading everyone! +I’ve just started earning extra income from outside of my regular job. I have to pay 40% tax on the extra income :( but at the end of the year. In the meantime, are there any relatively safe ways to get that money to make more money before I need to pay it to the taxman at the end of the year? +I know with Covid and rising inflation this may not be the best time, however have any of you considered purchasing an investment property in the US given the rising cdn dollar especially if it reaches par. They are still much more affordable then most Canadian urban centres. It seems the rental yield is much better relative to the purchase price as compared to Canada. Looking at condo or small house perhaps Florida , Georgia , Texas , Arizona , New Mexico , Nevada maybe Colorado. Also a good place to spend winters if you are healthy and can retire early (except Colorado ). Is it possible to get a mortgage from a US/ cdn lender? US Property management fees ? US/cdn tax implications ? Special fees/ taxes when buying and selling ? Property taxes much higher in US ? The lending options , greater property tax and proper management seem to be the biggest barrier imo. +There is a lot of talk about elon musk and michael saylor and other big players , and how much they are doing for btc adoption , which is great. They deserve the spotlight. + +I just wanted to take some time to show appreciation for andreas antonopolous. The average person will never know about him, and the mainstream media will never mention his name. But he has played such a big role in making so many people understand what bitcoin really is. In my humble opinion, we wouldn't be where we are today without him. + +A smart, humble, patient individual with a rare ability to deconstruct and make sense of the most complex of subjects. A true visionary who doesnt care about the financial gains that may come along with bitcoin, but about the potential for this technology to better people's lives. + +If it wasn't for him, I would have dismissed bitcoin as hype couple years ago. He was the only one who made things click. Thanks to him I saw the light. + +So thank you Andreas for all your hard work and passion. + + +***Edit*** this little post from a nobody just blew up. Goes to show you the kind of admiration and respect the people in the community have for him. I never even imagined the man himself would read this and reply, but he is such a man of the people that he actually did. + +Andreas, keep up the good fight. The history books will remember your name. +At least 3 different posts on President Trumps annoucement of a tax plan were removed by the automoderator because people reported it so much. + +Let's try and have a megathread to keep all of these comments in one place. **Keep it civil** and talk about the specific points of the plan. If you start laying out personal attacks on other redditors OR government officials, your comment will be removed. Enough of these comments, and we'll lock the thread. + +~~[Here is a review of the plan from NPR](http://www.npr.org/2017/04/26/525683530/4-questions-about-trumps-tax-plan)~~ + +[Better link of the actual 1-page summary](https://www.documentcloud.org/documents/3678871-Donald-Trump-s-tax-proposal.html#document/p1) Thanks /u/MechE314 +This is the closest ill get to creating a technical DD, i present my psychological DD. + +I am but a simple dirt farmer who drives a truck and stares at the GME stock price all day. Crayons are in short supply in my part of town. Times are tough. + +While watching some of the tv clips edited together i seen the one where crammer tells us to take our home run and dont go for the grand slam. My knee jerk reaction to hearing crammer is to start throwing shit like a ape in the zoo but after having a moment of clarity i realized the subtext of what he said. " you already won, take your home run. Dont go for the grand slam. + +Were all somewhat familiar with his past in the finacial industry. So he knows what hes talking about even though everything that comes out of his mouth is a lie. But in a moment of anger and frustration he slipped up and told us WE ALREADY WON. He wanted us to cash out early and walk away. + +If we already won. All we have to do is hodl and finish walking the bases to get our grand slam. Our oposition is so desperate because they already lost and their only hope is that we walk away early. + +Crammer sucks but even a broke clock is right twice a day. + +Cant stop, wont stop ........ + + +Edit. Forgot to mention gamestopd squeeze pendant on their website and the dates for availability. Game stop announces the paid debt and cash on hand after the stock sale was complete the day before (?) Or the day of the pendants availability? Odd no? +I was wondering what alternatives are there to coinmarketcap, the main thing i would like to see would be the percentage gain/loss over the last say 3 weeks for each coin in the top 25 or so, in Coinmarketcap you can only 24 hr or 7 days and I would like to see which haven't really boomed in the latest bull market +interesting info from Jay Parsons, rental housing economist. He says rents dropped the most last month outside of the April/May 2020 lockdowns. + +&#x200B; + + [Jay Parsons on Twitter: "U.S. apartment rents fell for a second straight month, and the cuts are deepening. Effective asking rents fell 0.56% MoM in October 2022 (on a same-store basis). That's the 3rd-deepest cut in 12+ years, surpassed only by the COVID lockdown era of April-May 2020... https://t.co/9DP8N1jSbO" / Twitter](https://twitter.com/jayparsons/status/1587828659431215105) + +We are buying a big retail building and recently found out from the city that neighbor building’s water line actually runs through under our building. (The waterline actually broke 12 years ago, and the repair cost splinted by both seller and neighbor) + +This line was put in place by the developer at the time those buildings were constructed. (30 years ago) City consider it is a ‘joint-ownership’ line between The building and neighbor building. + +However, the City admin told me they had some money in their Capital Improvement Program to fix this issue, but they don’t have a exact plan yet. + +If we purchase the building we are buying it with the understanding that a water line runs under the building that also services Neighbors and there is no definite timeline for water service to be available at the front of the property instead. + +My question is how big is this issue? I’m not sure if this is a deal killer issue or not. Current owner seems to operate the building for 20+ years without any issue. Does anyone experience anything similar? Should I lower my price because of this issue? +I've got a chance to buy some bare land. I think it's a good investment (I think the value will go up, even without improvements) and I'll use it as a recreational property while I hold it. It's cheap enough that'd it'd be a simple cash sale. + +My concern is that I'm also interested in buying my first home in the next few years. Will I still qualify as a first time home buyer if I have this investment property? +xxxNifty is a developing adult NFT platform that aims to bridge the gap between cryptocurrency and the adult industry for users and artists alike. As you can see on their website, xxxNifty have artists and users who are already reaping what they have to offer. Gem Stoned, Sinn Sage, Bonni Good for instance are some of the content creators with countless more to come. Large partnerships are also in the making. If you’re interested, you can see more of the artists here: + +https://www.xxxnifty.com/adult-content-creators/. + +The dev team is very active in the TG answering questions from the community and making sure investors feel safe. Just last night there was a contract migration professionally done by the devs. They took a snapshot and all the holders were airdropped the new NSFW token. All we had to do was to put the new contract address in our wallets. The migration was needed because the community asked for a tax system and after several polls and voicechats with the devs they decided to put the 6% tax system in place showing that they have a very dedicated developer team who listens to their holders. + +As of now, application for **CoinMarketCap** as well as the registration for **Coinhunt** has been completed. xxxNifty has also been published on **CoinGecko** in **LESS THAN ONE DAY**. There is so much more in discussion so if you have any further questions, feel free to pop in TG chat. I’m sure the dev and the community are more than happy to answer them :) Become part of an ever-growing community today! + +✅ List of things are in progress: + +Big star incoming! +Tik Tok & YouTube marketing. +Poocoin banner ad finalisation (already paid) +Only fans work in discussion. +Talks with big studio in LA with models. +More models incoming! +CoinMarketCap listing pending. +Burn mechanism when buying NFTs incoming. + +🪙 NEW Tokenomics: + +6% redistribution: 2% LP liquidity, 2% holders, 2% marketing budget. + +🔥 Fully minted. + +🔥 PancakeSwap liquidity: + +60% of Pre-Sale will be LOCKED 🔒 for 6 Months + +🔥 Total supply: + +69,696,969,420 + +🌐 Website: + +https://xxxNifty.com/ + +📝 NEW Token address: + +0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +🥞 PancakeSwap (6-7% slippage): + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +💬 Telegram: + +https://t.me/xxxNifty + +🕊 Twitter: + +https://twitter.com/xxxNifty + +👾 Discord: + +https://discord.gg/wAXuEEtDRW +This morning my wife got a call from Hamilton Jacobs & Associates proclaiming to be collection agency working with Wachovia Bank to collect $900 from an overdrafted account that was closed in 2014. They demanded payment on the spot in the form of a checking/routing number or a debit card or else they will send the debt to Cheksystems and freeze all of her accounts at all banks. They had her SSN, phone number, and an old address. When she declined and requested mailed proof of the debt, they became VERY aggressive and a screaming match ensued between my wife and the female representative. A male representative got on the phone and again threatened to send the debt to Cheksystems and have all of her accounts frozen if she didn't pay right then and there. Apparently this company has been doing this for a while with multiple examples on BBB and other scam alert sites with the same exact details (Wachovia Bank, overdraft account closed 2014, has personal info). + +I've been handling all of our finances since 2013 so I know every company and penny that we owe. There's nothing on her credit report but they did have her SSN so she's super freaked out by that. I just checked her credit report for any changes (there's been none) and froze all of her accounts at all 3 credit bureaus. + +Is there anything more we could do to protect her credit? Should we report this to the police? + +Update: Thanks for all the help. We enabled 2-Step Authentication with our 2 credit cards and bank. I know this particular debt has never existed so not worried about it being valid, just having her information out there was unsettling. +**My Question:** + + *Hi, I've been looking all over the place for an answer to this question and can't seem to find a definitive answer. When ETFs purchase shares, are they registered in their own name at the transfer agent, or does it go through Cede & Co like regular brokers? Also, is it the same for other institutions, such as pension funds, mutual funds, index funds, etc..? Thanks!* + +**SEC Answer:** + +Dear ----:  + + +Thank you for contacting the U.S. Securities and Exchange Commission (SEC).  + + +You ask whether shares purchased by ETFs, pension funds, mutual funds, and index funds are registered in their own name at the transfer agent or if they go through Cede & Co.  + + +Mutual funds (including index funds) are not DTC-eligible (Depository Trust Company). They are purchased and redeemed (no secondary market) between brokers and mutual fund entities (technically transfer agents, often part of the fund organization, or a third-party processor). The National Securities Clearing Corporation (NSCC) has a platform called Fund/SERV and a related service called Networking that connect brokers placing and settling mutual fund orders with fund transfer agents. + + +Pension funds are institutional investors and typically appoint investment advisors to instruct trade orders to brokers and then settle via their custodians at DTC. They use a service called ITP (institutional trade processing) to coordinate between the investment manager, broker and custodian. On the pension plan side, pension funds also have recordkeepers to keep track of underlying  sub-accounting for plan participants.  + + +Unlike mutual fund shares, ETFs do not sell individual shares directly to, or redeem their individual shares directly from, retail investors. Instead, ETF sponsors enter into contractual relationships with one or more financial institutions known as “Authorized Participant,” typically large broker-dealers. Only Authorized Participants are permitted to purchase and redeem shares directly from the ETF, and they can do so only in large aggregations or blocks (e.g., 50,000 ETF shares) commonly called “Creation Units.” + + +To purchase shares from an ETF, an Authorized Participant assembles and deposits a designated basket of securities and cash with the fund in exchange for ETF shares. Once the Authorized Participant receives the ETF shares, it is free to sell the ETF shares in the secondary market to individual investors, institutions, or market makers. + + +Shares that are held by the ETF’s investment portfolio are subject to Rule 17f of the Investment Company Act of 1940 and general practice is to hold those shares with a custodian bank. Shares at a custodian bank tend to be held in the asset owner’s name (for example, “Vanguard S&P 500 ETF,” “Ford Foundation” or “California Public Employees’ Retirement System”). If an ETF is DTC-eligible (which most US ETFs are, once created), they clear and settle like equities in the secondary market. They are held at DTC and registered like all deposited securities in DTC’s central nominee name, Cede & Co.  + + +Please let us know if you have additional questions. + + +Sincerely,  + + +Office of Investor Education and Advocacy  +U.S. Securities and Exchange Commission  +Interest rates are as low as they can go, realestate’s becoming unaffordable to many, there are less $50 dollar notes in circulation than ever before (probably under mattresses), a lot of home owners are mortgaged up to the hilt and they feel like interest rates are going to rise, people are edgy about the markets awaiting a seemingly inevitable COVID correction (unfounded or not), our GDP may well face a world that doesn’t want Carbon with their fries and we’ve also elected a lot of seemingly self absorbed people. From what little I understand this seems to tick all the boxes to edge Australia into a stagnant economy, decades of low rates but zero growth, money under mattresses and a sludgy retail sector, a booming tourism industry to keep us going as long as it doesn’t all catch on fire/flood/bleach/pandemic again. This seems to be referred to as a liquidity trap and Japan still hasn’t found a way out. I’m not usually such a pessimist but foresight is the full half of the glass when money’s involved. 👍 + +- ‘Uneducated novice’ +On FinTwit, you'll notice the vast majority of people are split into one of three types of people. + +You have the macro guys that seem to spend all their hours focusing on understanding the monetary system and focusing on central bank liquidity, what Powell has to say next, and so forth. + +You have the technical analysts / CMTs. No comment. + +You have the "pure quants". + +My question is, does a firm like RenTech combine macro with quantitative analysis, do you think they try to understand market microstructure through to the broader monetary system in deep detail in order to try (or help) to identify potentially tradable patterns, or is it purely mathematical? + +The reason why I ask is because, while learning macro feels intuitively useful, every day I am wondering whether there is wisdom in focusing purely on quantitative research. That learning about macro is somewhat of a waste of time (besides understanding basic market dynamics like leverage/positioning, USD/FX carry, etc.). Like, maybe I should be putting down the economics book, and spend more time just looking for quantifiable edge in time series. +I recently came across this GitHub repo on using reinforcement learning (RL) for algorithmic trading - https://github.com/AI4Finance-Foundation/FinRL. Would using RL be a realistic and profitable algotrading strategy ? +I have started to gain an interest in automated trading during the last few weeks and wondered if you guys knew any good guides for beginners that i could learn from. + +I have about 2 years of experience from normal trading so my main challanges will likely be programming and finding a good trading platform that allows trade bots. + + +23m here with minimal investing literacy. + +I've recently begun the Journey of trying to get started in investing. + +After some research, Vanguard ETFs seem to be a stable, long term opportunity provided you can maintain a structured, regular depositing habit. + +I have a decent enough income (around 60k before tax) so I would be able to maintain depositing with structure. + +So, what's the catch? Everything I've read from the government websites, social media posts (understand these aren't gospel, but helps for a broader picture to then apply some critical thinking to), podcasts and the vanguard charts seems to show you really can't go wrong. There might not be a catch, just conscious I might be missing a core concept given I'm new to the world. Just seems a little too easy to put money in, wait, and make a solid return? + +In line with posting rules, I'm not seeking advice on what I should invest in, but rather some information/context on know-how I might be missing. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, if you haven't watched the Senate testimony by Nomi Prins, you are missing out on something incredible. She breaks it down in such a clear and direct manner, it is impossible not to learn something from her. Meanwhile, it seems that awareness of this movement is growing steadily, reaching some new Apes who have taken the time to read and understand the DD, and stand up against the shills and FUD for what they believe in. Many of us started in this movement for the purpose of making money, but have long-since transitioned our focus to include systemic change. It is refreshing to see that we have so much momentum in helping the world to see the corruption of the financial system, and that the MOASS may lead to serious reform. + +Meanwhile, today's date is often anticipated for its inherent meme potential, which of course means that today is the day. It's really happening. The thing that we've all been looking forward to - that thing is happening today, because of the date on the calendar. I cannot wait - this is going to be such a great day. Ryan Cohen only occasionally lets such dates pass uncelebrated, so if nothing else we can at least count on a tweet, right? Right? + +Today is Wednesday, April 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: **$151.69 / 140,41 €** *(volume: 728)* +- 🟩 115 minutes in: $151.76 / 140,48 € *(volume: 705)* +- 🟩 110 minutes in: $151.55 / 140,28 € *(volume: 705)* +- 🟥 105 minutes in: $151.46 / 140,20 € *(volume: 598)* +- 🟥 100 minutes in: $151.48 / 140,22 € *(volume: 495)* +- 🟩 95 minutes in: $151.57 / 140,31 € *(volume: 494)* +- 🟥 90 minutes in: $151.47 / 140,22 € *(volume: 494)* +- 🟩 85 minutes in: $151.68 / 140,41 € *(volume: 494)* +- 🟩 80 minutes in: $151.52 / 140,26 € *(volume: 366)* +- 🟥 75 minutes in: $151.32 / 140,07 € *(volume: 366)* +- 🟩 70 minutes in: $151.54 / 140,27 € *(volume: 337)* +- 🟩 65 minutes in: $151.36 / 140,11 € *(volume: 296)* +- 🟥 60 minutes in: $151.33 / 140,08 € *(volume: 208)* +- ⬜ 55 minutes in: $151.35 / 140,10 € *(volume: 198)* +- 🟩 50 minutes in: $151.35 / 140,10 € *(volume: 198)* +- 🟥 45 minutes in: $151.34 / 140,09 € *(volume: 137)* +- 🟩 40 minutes in: $151.34 / 140,09 € *(volume: 132)* +- 🟩 35 minutes in: $151.32 / 140,07 € *(volume: 74)* +- 🟩 30 minutes in: $151.29 / 140,05 € *(volume: 65)* +- 🟩 25 minutes in: $151.28 / 140,03 € *(volume: 34)* +- 🟥 20 minutes in: $151.27 / 140,03 € *(volume: 34)* +- 🟩 15 minutes in: $151.29 / 140,05 € *(volume: 34)* +- 🟥 10 minutes in: $151.15 / 139,92 € *(volume: 29)* +- 🟩 5 minutes in: $151.19 / 139,95 € *(volume: 17)* +- 🟥 0 minutes in: $150.97 / 139,75 € *(volume: 17)* +- 🟩 US close price: $152.47 / 141,14 € *($151.35 / 140,10 € 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 1.0803. 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! +On April 12 2016 a major hail storm came through our area and I mean MAJOR! It damaged one of my vehicles to the point of crumbling the hood and exposing the metal under the paint. Our second vehicle was fine because it was parked 10 or so miles away. Our deductible was $1000. I paid it, no questions asked and got vehicle 1 repaired. I didn't EVER want to pay $1000 deductible again so I went and immediately changed my policy online to $0 deductible. A few days later on April 17 2016 approximately 3am another hail storm came through, this time it was not so fierce. But it damaged vehicle number 2. Well I went to make a claim and a red flag popped up.. This was fine, I know since I just changed my deductible they would have cause to investigate it further. Well here it is a month later and Geico is telling me my claim is denied because their investigation revealed there was no hail storm on April 17 2016. Well I laughed so hard because I knew it was ridiculous. I heard the hail hit and saw the hail on the ground the next day. Well when I started to investigate today, they were right... I could not find any hail storms reported at that day and time... So what do I do now? I know I'm not crazy, my wife and I know hail came down that day but as far as the internet is concerned, we are liars... Are we SOL? + +Edit 1 Thanks everyone for your help and links! I appreciate all the support! To everyone who was asking, this happened in San Antonio TX +So, I've been reading this sub for a while and there is a ton of great advice here about how to set up your savings to optimize your gains, and just good general financial knowledge which I would put (at the risk of sounding conceited) as a higher level knowledge than what is found in /r/personalfinance; the next tier, so to speak. + +My wife and I have spent years paring down our spending to a level which is consistent with the lifestyle we want. However, with my income, I'm not achieving the dollar amount of savings I would like. My solution was to pick up some side work. If you read my comment history you may find sporadic posts about doing some contract engineering on the side. I've only been doing it for a few months and the pay is pretty decent. However, I decided to stop and give up this extra income. I was set to make in the range of $10-$20k a year extra and I'm giving that up. The reason I'm giving it up is for more time. + +I have a tendency to get so wrapped up in thinking about the extra income that I totally forget about the negative impact it will have on my day-to-day life. With this side work, I was only averaging about 4 hours per week, but it was starting to increase and I wanted to nip it in the bud before it got out of control. I didn't find myself having the time/energy to focus on my hobbies. My wife and I are trying to live a more meaningful, intentional life and I discovered that this extra work was not in line with those values. + +One effect it was having on me was it was preventing me from fully engaging when I play with my kids in the evenings. I'd get home and play with them and be physically present, but I wasn't engaging mentally and that was a huge red flag. I will never get this time back with my children and I want to be fully engaged with them as they play and learn and grow. As I played with them I'd just be thinking about the work I have to do once they go to bed. It wasn't making me happy, just anxious. + +Another negative impact was it was impeding on my quality time with my wife after the kids go to bed. She'd just fall asleep on the couch and I'd go downstairs to work. This is not cool. My wife is the most important person in my life and I was not demonstrating that. + +Lastly, I was having no time to focus on my hobbies. I am into woodworking and only see that hobby growing. One reason I want to RE is so I can spend more time designing and building furniture. This is one of my passions. I need to be spending my time doing this, not contract engineering so I can beef up a bank account somewhere. + +As per the advice of the sticky thread on this sub, I have identified the life I want and am saving for it. I'm still able to save ~20% of my income, but now I get to enjoy the journey. Yes, I'll have a slower time to retirement, but if that means I get to enjoy every day, then so be it. + +I am sharing my story because I'm hoping it might inspire someone who is in the same position I was; spending all their time making money for some future and not fully engaging in the present. Is it worth retiring a couple years earlier if you spend the next 20 dead inside? + +tl;dr - I stopped doing my side work so I could have more time with family, friends, and hobbies. +I lost my partner to a fatal stroke last week when he was only 39. My partner and I had been together almost 10 years. We have a 6 year old son, and a mortgage together. Our families always called us husband and wife and we also referred to each other as such. Except we were never legally married. I have read the wiki for when a loved one dies and really appreciate the info included there. + +We are joint tenants on our deed so our property will automatically go to me. The problem with his employer life insurance, retirement and brokerage accounts and bank accounts solely in his name is that our son is the sole beneficiary. Beyond missing out on the significant spousal benefits from his life insurance and social security, from my understanding there is significant downsides to our minor son being the beneficiary. From my very limited understanding, due to his age, the assets will then go into a guardianship account that would be subject to audits and annual hearings (that will likely incur legal fees every time). Please correct me if that is wrong. That being said, as his guardian would I be able to use any of that money as a down payment on another home? I am unable to afford our current home without his income so I was planning on renting it out and staying with family in the short term and in the long term I’d like to purchase a smaller home with the down payment coming from the life insurance payout however this would be money in my sons name. Someone had also mentioned we may be able to put the assets in an irrevocable trust in order to bypass some of the guardianship cumbersome rules but I am unsure of those details. Are there any other resources or survivor benefits (besides social security for my son) I can look into to assist with our financial situation? I still make decent money on my own so am unlikely to qualify for public assistance but this is still a huge blow (financially on top of all the already emotional parts). Appreciate any advice and knowledge shared. +Don’t upvote. Probably a dumb question. I’m not sure if this is the correct sub. But I’m on automatic withdrawal so I never really go to my bank. My last payment is going to be next month and I’m not sure what happens after that. Do I need to go to the bank and pick something up? Does something get sent to me via mail? +So as per title I’m about to finish my medical degree and start internship, with yearly pay $80-95k. I realise these early years where I have minimal expenses and no dependants is a good chance to save, so would love any tips or suggestions. I will need to buy a car as my job placement is regional, and know that salary packaging is available. + +EDIT: Many great tips and things to consider here, thank you all. Had not considered income insurance, will now be almost certainly getting it when I start next year. Thank you and looking forward to listening to Dev Raga podcast +Seriously, would some of you please remove the stick up your asses and replace it with soft, pleasure-inducing bananas? I have the utmost respect for the honorable Knights of New and the like of such brave battlefront orangutans, but for the love of DFV, please chill out with the fud-accusations and forum-sliding-cries. The mayo period was funny as hell, and these Kenny pareidolia posts are even better. Also people who bashed the mods for producing a hilariously chaotic and apelike livestream on 6/9 (nice), calm down. It is all part of ape culture and ancient ritual. Never in my six months of investing have I seen such a beautiful community mixing smooth-brained humor with wrinkle-brained knowledge. Ape don’t fight ape. End of rant. + +Edit: omg this blew up, 14 upcrayons and an award, love you apes ❤️🦍💎🙌🏽🚀 + +Edit 2: Thanks for the awardS. And yes, as many apes have pointed out already, just use the sort by flair or filter out smooth-brain flairs, retards ❤️ +So I understand that there can be many causes to inflation. It’s not all just ‘too much money’. But what I want to know is once high inflation starts affecting more and more people, how can we reduce it to give buying power back to more people? Is it production levels? Is it different access to more markets? What? +I'm looking for some numerical estimation of the value of output for funding. E.g. one dollar of investment leads to X amount of return. + +I imagine it is very difficult to estimate, and of course there are many factors affecting returns, but I wonder if anyone could point me towards any studies that give it a go? + +Thanks +MMTr's state that + +"Modern states, with sovereign control over a fiat currency, face no budgetary constraint. Given policy goals of (1) Full employment, and (2) stable prices, Government should allow full use of monetary and fiscal tools to ensure we approach both goals." + +and that + +"The funds to pay taxes and buy government securities comes from government spending. There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it. Whatever the deficit (which is purely an accounting term) happens to be in approaching the aforementioned goals - that's what it should be." + +How is this refuted? +Did economic planners and economists in those countries also use data analysis techniques and mathematical economic modeling to make economic policy recommendations like economists do in capitalist countries? +Hi all, this would be my first post ever in Reddit history but that's not why I made this post but I just have some questions and would like to have my questions answered or at least my doubts cleared. + +I am majoring in Economics and in the future I would actually like to be a College Professor. I am aware that most undergraduate degrees do not really define the career you are going to be doing and I am frankly liking the idea of being a Professor. What kind of professor is still very much up for debate inside my head and that is mostly my problem. Economics is a very wonderful field as it allows me to learn about society and deal with it using numbers. I've always liked being able to teach someone about what a number means and Economics seems like a very good choice for me. But through my research, it stands that I have two options that I can take for my Graduate degree and that is either Higher Education or Economics. Both are useful in that in one I can probably gain an assistantship where I can work for the university and study while the other, Economics, would give me a firm ground to stand on for what I can tell will be important for my Ph.D. in Economics for sure. I do not know which to choose and if any can help me discern which is the better I would appreciate it and if anyone has any advice I would like that as well. + +I am fully aware that opening up like this in the internet does not necessarily mean that I will get answers in a correct form but I will take what I can get at this point. +I am from India. And our family dynamics, social dynamics, etc are very different from, say, Americans. Being a noob at Economics, I have a 'feeling' that this will cause economic behaviour, especially at Microeconomic level like consumer choice. In India, we are very social and dependent on the society. What others are talking about us, our family, our status, etc matter to us a lot more than westerners like America (at least that is what we Indians are always told by NRI and foreigners) - that an average American is a lot more 'individualistic' than an Indian. So, consequentially that should reflect on consumer choices, right? + +My question is has there been any study or even attempt to study these differences? Or does Economics, like Psychology and other Social Sciences, also suffer from WEIRD bias and does not take into consideration cultural differences at all? + +Note: sorry if I sound negative - my experience with Social Sciences...let's just say...haven't been the best. They all seem to be heavily skewed towards western people. +So here I am, trying to check bank 5 year CDs that have been tracked in CNBC forever. I click on one link, dead... another, dead. + +Two is a coincidence, all of them? What are you hiding. + +https://www.cnbc.com/quotes/BACCD5 + +https://www.cnbc.com/quotes/JPMCD5 + +https://www.cnbc.com/quotes/GSCD5 + +https://www.cnbc.com/quotes/MSCD5 + +Look for yourself +They're also buying out my period of notice, so now I only have 7 days left to work. Luckily I've been maxing out my private and work pensions, and putting as much money as I could into investments and savings. Recently my investments started generating a larger monthly income than my salary (all compounding in the investment vehicle, of course). + +The settlement for the redundancy and notice adds up to 6 months salary, tax free. It's spooky, but I don't think I'll need to look for work after leaving this job. + +I'm more concerned about being bored out of my mind than about the financial ramifications. +My dad has been drinking heavily the past 6 months. His way of coping with my mothers mental illness. Yesterday he had a heart attack and now he has passed. I have no clue what to do. I've barely spoken to either of them the past 5 years. Does it matter hes my step dad and we dont share the same last name? My mother can not take care of the house or herself, she also cant drive. I just dont know what to do or where to begin. I would appreciate any help. Im still at the hospital as im typing this. I dont believe there is a will either. + + + + + +Edit: +1. We live in California, i live close enough to her to help. But i will not be moving in or have her move in with me. +2. A social worker did not talk to us at hospital before we left, i suppose i will call back Monday morning and get assistance. +3. Since its the holiday weekend everything is closed. But ive talked to a funeral home and they will be picking up my father Tuesday morning and cremating him for around $800. +4. My mother has kaiser and has not seen a doctor in over a year. I plan on taking her asap next week. I also believe she gets state disability already. She is also not objecting of me taking over the bills and finances. +5. I also will be seeing a probate lawyer next week as soon as i can. Their bills seem to be in order, everything is payed for the this month like mortgage, insurances, water and pge. All the vehicles and motorcycles are payed off also. + +I want to thank everything for the help and kind wishes. It has helped out tremendously. If you feel im missing anything still, im all ears. I hope everyone has a great Holiday. +&#x200B; + +**Feb 4, mid-market:** Thank you everyone for your support. I really don't know what to say. The company keeps getting pounded because GME is having a sell-off, which doesn't make any sense. But that's the market for you. It doesn't always make sense. + +I still believe 2021 will be a big year for Nokia, although it doesn't look like there is any way we'll manage the crazy play anymore. Still, it was nice to see something that was impossible become possible, even if it was for only a few days. + +And remember, we can still do it any day. All it takes is for us to work together. If you want. Make up your own mind. + +I'm still holding. NOK will recover from this. Fair value is at least 4.81, and way more when 5G really gets going. So if you can, I would buy some more now. You'll thank me later for the tip. It may not be the most exciting play, but it is what investing is all about. Slow and steady growth that compounds to make a big change. + +One of these days I'll be able to post again, when the mods lift the restrictions on new posts and things get a little less crazy around here. When I post again about NOK, I'll post the link here too. Thanks everyone! + +**Feb 4 premarket:** Earnings out! They beat expectations a bit, their revenue was a little smaller than expected. Overall, good quarter, good year. Here it is: [https://www.nokia.com/system/files/2021-02/nokia\_results\_2020\_q4.pdf](https://www.nokia.com/system/files/2021-02/nokia_results_2020_q4.pdf) + +**Feb 2, end of da**y: It's getting pretty crazy out there, but here's what you should know. The NOK chart is following the GME chart. It's got way more shares so the bumps and dips are more stable, but that's the main trend. + +**What that means**: GME has no underlying value at this level. It is a gamble on the short squeeze. It might pay off, or it might not. If people panic sell like yesterday, it won't. + +NOK is very different. It has underlying value. So if someone dumps it below its target price, the best thing to do is just to buy and wait for the value to go down. Thursday NOK reveals its earnings, and they are likely to be good based on what Ericsson revealed. Ericsson is one of its main competitors and a very similar company currently trading at twice the NOK price. + +Feb 1, end of day: Told you it was a value share! Still trading at target, still low risk. + +Either dumping has stopped, or normies are piling in because of the results. Either way good news, hope you made some money today!Vol today 190m, still way above average. Normal average 30m before we changed it lol. That means since Wednesday over 2bn shares have changed hands. Hope you got em! + +Ericsson (NOK competitor) results suggest NOK will report good numbers this week, NOK upped to BUY on market watch: [https://www.marketwatch.com/story/nokia-upped-to-buy-after-ericsson-results-2021-02-01](https://www.marketwatch.com/story/nokia-upped-to-buy-after-ericsson-results-2021-02-01) + +Unless my math is retarded (which it is cos ahmsodumb), if everyone (7m) on this sub spends $3000 at current price ($4.55) we BUY THE FLOAT. The more they keep dumping, the more shares we get cheap. Think about it.EDIT: buying the ENTIRE float is NOT the point of this play. I know share price goes up when supply is restricted, just read the play. This is just an example of what happens when they dump a value share on millions of retail investors. + +BLACKROCK IS IN PEOPLE: [https://fintel.io/so/us/nok/blackrock](https://fintel.io/so/us/nok/blackrock) + +Robin hood increases NOK allowance to 2000 shares for next week (still any allowance is CRAZY because it's a VALUE SHARE THAT HASN'T BUBBLED) [https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/?fbclid=IwAR2SK9VQOI\_eBgBF0SK4-R1eQjBkSAe3sd6KMwSBaCPmz38e5cc8siRdhEY](https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/?fbclid=IwAR2SK9VQOI_eBgBF0SK4-R1eQjBkSAe3sd6KMwSBaCPmz38e5cc8siRdhEY) + +[You dump a VALUE STOCK on me and think I'm in danger?](https://preview.redd.it/bj68479cwme61.jpg?width=924&format=pjpg&auto=webp&s=a70f2b27a9ff96f0a2b771f9d8496af18d4fb321) + +&#x200B; + +Added new summary (30 Jan), and Q&A. + +FIRST OFF: This post is not financial advice or anything except the rant of some idiot retard who is an idiot. I tell you straight up that there is a normal investment side to the NOK play (STILL MEANS RISK, which YOU will have to decide!) and that there is a CRAZY side that is PROBABLY IMPOSSIBLE. If you want to play the crazy play then you’re also a crazy retard idiot just like me. + +I don’t know shit, I just look at graphs and go WOW. Do your own due diligence, I am not a financial advisor. Don’t ask me if you should buy, I don’t know, can you afford to? Are you comfortable with the risks? I don’t know these things. You do. + +**NOK PLAY:** + +Here’s how it works. YOU DECIDE if you want to take part. + +1.It’s **not a short squeeze like GME**. Get that out of your head. + +2.It’s a **value/momentum** play. The value part is just normal granny&grampa investing. See a good company going cheap, buy and hold. Tell your mom, dad, granny and grampa, cousins, relatives, friends. + +3.The **momentum part is the crazy part**, and if it works the share will SKYROCKET as long as YOU DON’T SELL. GME is the biggest short squeeze in history, the NOK play could be the biggest value buy in history. + +4. The beauty of it is that **it works because Wall St is dumping NOK irrationally**. That’s why the price is going down (slowly). They think they’re attacking us and slowly winning, but they’re giving us a value share cheap = their money, our pockets. By the time they realize what we did, it will be too late. + +5. **Don’t panic, and keep buying the dumps (if you think the company has value)**, and if we hold the line **you could see a miracle.** + +3310 HANDS + +&#x200B; + +**Value Part (crazy part in Q&A):** + +The company is healthy, has good financials, it’s a market leader in 5G (it’s main competitors are Huawei and Ericsson, they have about the same market share share of 5G) a lot of potential to be the company that builds 5G for a large part of the world. NOK is currently trading at a standard price for the value it holds. It is not a bubble. + +Here’s Nokia’s 5G contracts: [https://www.nokia.com/networks/5g/5g-contracts/](https://www.nokia.com/networks/5g/5g-contracts/) + +Here’s Bloomberg shitting bricks that we’ve realized that Nokia is a value bet: [https://www.bloomberg.com/opinion/articles/2021-01-28/gamestop-may-be-a-reddit-wallstreetbets-game-but-nokia-sure-isn-t](https://www.bloomberg.com/opinion/articles/2021-01-28/gamestop-may-be-a-reddit-wallstreetbets-game-but-nokia-sure-isn-t) + +Nokia also just unveiled new 1tb tech, the thing AFTER 5G. First on the world. They have it, they’re showing the world it works. Here is their press release from Wednesday: [https://www.nasdaq.com/press-release/nokia-and-elisa-push-network-boundaries-with-worlds-first-1t-deployment-2021-01-27](https://www.nasdaq.com/press-release/nokia-and-elisa-push-network-boundaries-with-worlds-first-1t-deployment-2021-01-27) + +They are so trusted that NASA got them to build a cell network on the MOON. Literally. If you’re NASA, would you hire your retard uncle Earl to build cell towers on the moon? No, you hire someone who CAN ACTUALLY DO IT. Imagine what it takes to build something really big and complicated on the moon? Now imagine who’s the likely guy who can do it. That’s right, NOKIA. Here they are, going to the moon: [https://www.nokia.com/about-us/news/releases/2020/10/19/nokia-selected-by-nasa-to-build-first-ever-cellular-network-on-the-moon/](https://www.nokia.com/about-us/news/releases/2020/10/19/nokia-selected-by-nasa-to-build-first-ever-cellular-network-on-the-moon/) + +If the Huawei 5G war continues, who do you think US and Europe is going to back, especially since NOK already has the next tech, owns a bunch of patents, is from FINLAND that has never tried to take over the world and has a brand that EVERYONE who lived in 2000s remembers? + +Here’s a guy who’s been doing the numbers for a while now in case you want to see them: [https://www.reddit.com/user/Jimming/comments/l7f6ua/part\_iv\_option\_chain\_analysis\_on\_nok\_and\_why\_you/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/user/Jimming/comments/l7f6ua/part_iv_option_chain_analysis_on_nok_and_why_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) I don’t know him, I don’t know the numbers as well, but looks pretty good to me. Amazing due diligence. But what do I know, I’m an idiot. So is he. So are you. We’re all fucking retards, just ask Wall Street. I poked myself in the same eye twice yesterday. We’re “dumb money”. They have other names for us too. + +So, worst case, you just bought into a good company at a fair value. If the crazy play doesn’t work, you just hold on to them and let them become the world leader in 5G. Unlike GME (NOT SAYING SELL!), NOK will not fall 99%. Or if it does, I'M BUYING THAT SHIT because if a HEALTHY COMPANY FALLS 99% you make some CRAZY MONEY on that when it bounces back. + +**Q&A** + +**Q: You retards were tricked by bots to buying NOK, there’s no short** + +A: This just full on doesn’t get what the play is about. IT IS NOT A SHORT SQUEEZE. THIS IS NOT GME RINSE REPEAT. GME IS A DIFFERENT PLAY. NOK IS A VALUE PLAY. How many more ways can I say it? Not sure. How many more do I have to? + +**Q: Stop taking attention away from GME you retards** + +A: Nobody is saying sell your GME. Nobody is saying that. GME is too expensive for a lot of people, and GME is VERY RISKY and NOK has genuine value behind it. If the NOK play works, those people who couldn’t afford GME can still get on & get rich. If it doesn’t, they most likely still make money on a good company. + +**Q: This play is impossible / crazy / it’ll never work / there are too many shares you retards** + +A: This is ALMOST true. This play WAS impossible until 1/27/2021. That is why nobody has EVER tried anything like this. But it’s NOT impossible anymore. Look at this graph. Look at it. See that spike? What the fuck is that? I’ll tell you my fellow autistic space boot packin 3310 using NOKSTER. + +&#x200B; + +https://preview.redd.it/v473xl00ghe61.png?width=2182&format=png&auto=webp&s=bf5aac455156dbadb919b80afacb5232af0a05b5 + +That spike was them running out of shares for half an hour. Trade was stopped until they could find more, to avoid an artificial spike in the price. + +Proof? Look at the volumes. A small sale (red) causes a small dip. Two small buys cause a MASSIVE SPIKE. They ran out, and had to call their friends to liquidate more shares so the price wouldn’t skyrocket "artificially". + +But that’s IMPOSSIBLE for NOK. NOK has 5bn shares. Nokia should be much more stable because it has so many shares, having a crazy demand spike is crazy. I saw it, and fell off my chair and since I’m such a retard it took me an hour to get back up. + +So it **was** impossible, and that’s why Wall Street won’t see it coming. They think this is their attack and they’re about to break through our ranks, but they’re actually playing right into our hands. + +Wendnesday, we moved 1bn shares. Thursday, when nobody could buy, we still moved 500m. Yesterday, we still moved 360m. We’ve moved so much NOK in the past three days, the average volume of the share has MORE THAN DOUBLED in THREE DAYS. The play is not impossible anymore, but Wall St thinks it is, which is how we can use their own strength and mass against them. But the value buy still makes sense WHENEVER you see someone dump a valuable share. Someone sells you a 100$ bill for 90$? Buy it. + +They attack? We absorb. They dump, we buy, they run out of shares, we hold. They’re fucked, and they just handed us a bunch of value shares at an undervalue = they just gave us their money. They are just giving it to you. When they realize they can’t buy them back at a lower value, what do you think is going to happen? + +**Q: We don’t do value plays, we do short squeezes you retards** + +A: Go back to April. Look at u/DeepFuckingValue’s position. **GME was a value play**. It’s only in April that the Short Squeeze became possible. Look it up yourself. + +Will a short squeeze also happen with NOK? It’s unlikely. Hedge Fund Assholes have been increasing their shorts in NOK in the last few days, but they won’t go over 100% on 5bn shares because they're not as stupid as me. But it doesn’t have to happen. We just need to buy the dumps. If they short, great. More money for us as long as we don’t let them drive the price down with the dumps. + +**Q: Why is NOK not rocketing?** + +A: Because Wall Street is dumping, just like I said they would after the Wednesday spike. That’s the whole plan. They dump, we hold the line, buy the dumps and keep the price steady. + +The GME short squeeze guys waited for this for UP TO TWO YEARS. I saw it in April. I thought it was crazy. I didn’t jump in back then. If I did, I’d have about as much money as u/DeepFuckingValue. On a value share, you can afford to wait. GME was originally a value play. That’s what I should have realized in April. + +SO JUST WAIT AND HOLD (if you believe and idiot like me, which you shouldn't, no need to message me about it). It’s been two days since this play even became possible. + +**Q: How do we know it’s working?** + +A: Look at the volume of shares traded. Nokia has 5bn shares. In the last three days, nearly 2bn have been traded. The price is still up from last week. That’s how. + +This has already been a giant dumping campaign. How come the price hasn’t floored? What happens if we just buy it all up? + +What happens if they run out, and then their shorts blow, the price bumps up, CNBC tells the world we broke another short wall, everyone piles on, Wall Street realizes they just gave us their shares at an undervalue and try to buy back, we don’t sell, we have all the shares? The Wednesday spike is what happens, except this time there is no stopping it. If they stop trading again and try to dump some more, you just buy up the dump and keep the spike going. Spike stops being a spike and becomes a floor. + +&#x200B; + +**Q: Where will this max out and when?** + +A: What do you think I’m from the future? I just saw an impossible thing happen on Wednesday, and we need to make it happen again. Look at the graph. Look at it. + +Set your targets to $3310, that should do it. + +**Q: When should I buy? What should I buy? Should I buy?** + +A: Be your own person. Buy when you feel like it, if you feel like it. + +**Q: Wall street bots are promoting NOK.** + +A: I don’t give a shit. If they are, and we keep buying, they are promoting giving us money. + +&#x200B; + +Part 2: (29 Jan) + +First off, much as I appreciate the love, I can’t play your hand for you. You have to make your own decisions. Do I know where NOK is going to be tomorrow? Nope. Nobody does. All that I have for you is the news from Wednesday that this play is no longer totally impossible: + +1. I think the assholes are going to try to dump you out of the market +2. It won’t work if we keep the demand up. +3. The way we keep demand up is we buy, and others will follow us because the company is good. +4. When they realize it won’t work, they’ll need to start buying back in. +5. Then it’ll be too late, cos they dumped their shares on US and we are RETARDS who HOLD. That means that when their shorts start to go bust, the price will jump up (a little bit, not like with GME at first – this is a different play based on the health of the company, not a straight up short squeeze. The short position on NOK is much smaller). +6. When the price jumps up, and the GME guys start cashing out, they need somewhere to put that cash. Some of them pay off student loans, or buy cars or whatever, but the smart ones will go NOK. + +How you play it is up to you. I can’t tell you if you should buy, what minute to buy, what app to use and so on. All I can say is I buy the dumps. You need to decide for yourself if you want to do it. You can see the dumps on any app, or even yahoo finance. I buy NOK on NYSE, and I buy straight up shares (so they can’t lend out mine for shorts) but you’re free to do what you want. I’m a retard, you’re a retard, we’re all autistic fucks, we make up our own mind and stick with it. + +Secondly, what I said yesterday morning would happen, did happen. And it happened exactly like I said it would. So don’t get scared off, just buy the dumps. And they know that they’ll be fucked if we keep buying the dumps. That’s why they stopped us from buying NOK. + +NOK hasn’t bubbled, stopping us from buying NOK was because they know we’re on to them. They know the dumps won’t work if we JUST KEEP BUYING and HOLDING. The play works, they’re scared, we caught them with their pants down, they’re trying to get ahead of us. + +OK, so about what happened yesterday with RH and others. I’m so fucking angry about this. + +What RH and others did is completely insane. Their argument is “you guys are throwing your money away on a bubble, we’re just protecting you”. Bullshit. I won’t comment on GME, I’ll let u/DeepFuckingValue or one of those guys do that. I’ll just say, that short squeezes happen with hedge funds all the fucking time. Why is trading not stopped for them? They have people’s fucking pensions that they’re playing with. + +But for NOK, it’s TOTAL BULLSHIT. Here’s why: + +1. NOK HAS NOT BUBBLED. Look at the graph. Look at it. It is still down from 2016. NOK is well within normal variation. Long term, you barely see the spike from a couple of days ago. There is nothing to “protect us” from. They’re protecting themselves. +2. The NOK play is not a straight up short squeeze. The play is HELPED by the shorts that are there, as long as we can keep the demand up and keep the price up against the dumping, but that’s all. +3. NOK is a healthy company, with new and important tech, a great brand, a lot of potential. You want to see why, read the original post. ANYONE who sees a company like that being dumped for NO REASON would buy. So should you. They are only dumping it because they’re trying to fuck up our play. + +Ok that’s enough for now. I’ll see you all when I’ve got my space boots on, in my house on the FUCKING MOON, next to a NOKIA Comms tower, or I’ll see you in VALHALLA with my broke ass. If this doesn’t work, then at least you TOOK ON THE MOTHERFUCKERS and EARNED A PLACE at the table with FUCKING ODIN. + +UNBREAKABLE 3310! + +**ORIGINAL POST (28 Jan):** + +I get it, it’s not the play. I’m not saying sell your GME. I’m not a bot or a spy or a wall street asshole. I’m a regular guy who’s got a couple of bucks in his bank account and plays videogames and wants a fucking house to live in like my parents had when they were young. If you don’t agree with me, just say so. + +I’m also not a financial advisor, so make up your own minds you autistic fucks. + +But, BUT, yesterday we did something they’ve never seen. Yesterday, we made them run out of NOK shares. That’s what that big spike was, and that’s why trading was stopped for 2h. If we keep doing that, it will be the biggest wall street wealth transfer from assholes to retards in history. Because they will keep dumping it until it’s too late. + +Impossible, you say. Too many shares, you say. Well listen up. Yesterday, in ONE DAY, we traded, or caused others to trade, 1bn shares of Nokia. That is 1/5 of all the Nokia shares in the world. That’s never happened, *EVER*. Not even when Nokia was the biggest phone company in the world. + +3516.16% of average trading volume. + +Do you get it? They’ll keep dumping their stock, we keep buying them cheap, and then they won’t be so cheap anymore when they try to buy back in. We can move 1bn shares IN A DAY. ONE DAY. 🚀🚀🚀🚀🚀 + +Why do they stop trading in NYSE? Cos they ran out of shares temporarily and they don’t want “artificial” spikes in the prices. So they made us retards wait a couple of hours while some assholes called some other assholes to unload their shares into the market, and once they had enough, they started again. That’s why that spike went down right after the freeze. + +But then we did it again. And they had to stop again. The price just wouldn’t go down. The assholes who’d just unloaded shares were probably back on the phone with the other assholes who’d convinced them. + +Everyone is watching us. What we do, millions of normal folks do with us, and every wallstreet asshole does against us. + +What did the asshole brigade do? They started shorting NOK. They will continue to do that, because they think we’re retards (they are correct). + +But how come the price didn’t go down? It’s got 5bn shares, and everyone whos ever held it was dumping it. How could we ever keep up the demand when there are so many shares out there? How is this going to work? + +Because the retard brigade was buying it. There’s 3m of us and counting. If we each put 600 bucks on NOK, we get 100 shares, and that’s 300m shares. + +Now imagine what happens if we put 6000 on it. AND. FUCKING. HOLD. And every dip you see, you buy more. AND. FUCKING. HOLD. They'll keep dumping, we keep buying, until they realize the price isn't going down. Then they start buying, we keep holding, the market runs out of NOK. Price skyrockets. + +And normies outside were following us. They can see that the stock is still LOW, lower than 2016. This means they don’t think it’s a bubble that’s going to crash on them. + +So why do the normies follow us on this, and not on GME? (I’m not saying sell GME). + +Because GME has never, ever been anywhere near where it is now. That scares a normal guy who’s just trying to put in some savings for his family. They think this is some Dutch tulip market shit. + +Not so with NOK. Even with the spike from yesterday, NOK is still *DOWN* from 2016. Remember 2016? Remember that being a really big year for Nokia? No, me neither. And let’s not even get started on where it has been in the past. Yesterday's spike barely shows on the graph. + +You know what is going to be a big year? 2021 and 2022. Why? + +What else did NOK say yesterday? Well, they revealed that they have a new kind of 1 terabit data transfer networks shit, what do I know, I’m not a techie. But it IS a new kind of technology that’s going to kick 5Gs ass. And my fellow retards of the most honorable retard brigade – Do you think we’re going to need more data this year than last year? + +Remember how Netflix had to downgrade its picture quality in March because the networks couldn’t handle the amount people were streaming? What do you think is going to happen with the company that solves that? + +But why would NOK be the company? Well, remember the 5G war with China? + +US and Europe can’t buy 5G from China, because then China has our networks. But guess who US and Europe aren’t afraid of? Fucking FINLAND. Finland, the land of NOKIA. So tiny that some people think the whole country is a conspiracy theory and doesn’t really exist. Sorry Finnish people, nobody gives a shit about you. Good thing for you, cos you get to build the 5G network on the moon and shit because nobody is scared that Finland will take over the world. + +Want proof? They are literally building one on the FUCKING MOON: [https://www.nokia.com/about-us/news/releases/2020/10/19/nokia-selected-by-nasa-to-build-first-ever-cellular-network-on-the-moon/](https://www.nokia.com/about-us/news/releases/2020/10/19/nokia-selected-by-nasa-to-build-first-ever-cellular-network-on-the-moon/) + +And we’re going to send them there. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +But hang on, why is NOK so low in the first place if it’s so great? + +Answer: because Microsoft fucked them. That’s right, they sent one of their own assholes to infiltrate the NOK, leak a bunch shit to drive the share price down, and then buy the phone part of the company. These assholes wrecked the company, the Finnish economy, and every middle class shareholder who was just trying to put their kids to college. Imagine everyone who’d be fucked if someone did that to Apple now. + +Worked like a charm. Firesale. Business restructuring. Lost their phones. NOK never recovered. + +The asshole they sent from Microsoft? Went back to work for Microsoft, and was paid a shit ton of money for what he did. His name is Stephen Elop. Look it up. + +So they have tech that nobody else has and a brand that everyone recognizes. But what don’t they have? Money. That’s why they’re building this 1tb magic network thing in tiny fucking possibly fake Finland to show everyone it works. + +But if we drive the share price up, do you think that’s going to change? + +So FUCK IT. I’m in for every penny, and I am HOLDING. I’ll see you in my house ON the MOON next to a NOKIA Comms tower, or I’ll see you in VALHALLA you BEAUTIFUL RETARDED MOTHERFUCKERS. + +TL;DR: NOK is literally going to the moon. Go there with them. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + It’s not the biggest or craziest number out there at 28 years old, but it’s something (most) people can probably attempt to replicate if they are just starting out. These numbers are all mine, there is no second income taken into account and I don’t have any support from anyone else (I.e., someone living with me and splitting rent). + +Obviously, some things have had to break my way to get here. The most importantly being I started my career in 2013, so the returns in the market over the last 6+ years have certainly helped. I also chose to live at home for almost four years after college until age 26. I know not everybody is afforded this opportunity, and some people would rather pay to live on their own than with their parents, but it was a choice I made that greatly helped, and I’m extremely grateful to my parents for letting me do this. I’ve obviously seen good growth in my salary over the last 6+ years as well, and while that’s due to a lot of hard work, there’s obviously some lucky breaks needed there as well. I graduated college with a little over $50,000 in student loans, but no other real debt to my name. + +Up until 2017 my rent expenses were $0, but I was dating someone who lived in a HCOL city, who earned a low salary, so I covered everything we did together (~1000/month). In 2017, my rent expenses went up to $1,300/month, and in 2018 when I purchased my home my mortgage/taxes/insurance went to $2,200/month. + +I try to live frugally for the most part, but still enjoy traveling (R/churning funds most of this), eating at nice restaurants, and trying to say “yes” to most things I get asked to do/go. + +I started my career in 2013 at an insurance company in a MCOL area. I’ve stayed with this same company over the last 6+ years and have held a few jobs within the company over that time. I hold a bachelor’s degree in Business Administration (concentration in Finance) with no designations and no master’s degree. +My Career (Salary wise) has looked like this: + +**2013:** $53,000 + +**2014:** $56,000 (raise) + +**2015:** $61,500 (raise) + +**2016:** $64,500 (raise) + +**2016:** $73,500 (promotion) + +**2017:** $75,000 (raise) + +**2018:** $77,000 (raise) + +**2019:** $111,000 (promotion) + +**2019:** $117,500 (lateral move) + +I grew up in a household with financially responsible parents and I studied finance in college so I understood compounding interest and the effect it would have on my 401K. The first 5 years of my employment I contributed 18% with an 8% match. When I purchased a house in 2018, I dropped that number to 7% with an 8% match. + +My 401K over that time has looked like this: + +**2013:** $2,000 + +**2014:** $15,000 + +**2015:** $27,000 + +**2016:** $46,000 + +**2017:** $75,000 + +**2018:** $86,000 + +**2019:** $123,000 + +Part of the reason I've never left my company is because I've seen opportunity for growth here (Not every millennial is bouncing around different companies to leverage raises), but another big part is the benefits. 5 Weeks PTO (6 weeks in 2 more years), 8% 401k match, $30/month for Health Insurance, $1500 a year towards student loan repayments, $6000 a year towards tuition assistance, 8 minute commute to work, starbucks on campus, free gym on campus, work from home occasionally, and a pretty good culture and work life balance, which I weight all of that heavily. I really can't see myself leaving even if another company offered me a pretty decent raise. + +I started keeping track of my Net Worth on a monthly basis in October of 2016. The link below is a screenshot of my graph. + +[Net Worth](https://m.imgur.com/gallery/ZWjvSAx) +I’m looking to adjust my watchlist with the idea that interest rates are going up to 2%. I’ve sold against BAC and T in the past. The premiums were not as wonderful as our darling PLTR but I’m done with the vida loca for a bit. F looks like another candidate and *maybe* GE. What other action am I missing out on? I like to keep the underlying at around $50 and under atm while I grow this portion of my portfolio. I tell myself I’m wheeling but I’ve never been assigned and I could see myself just taking the L and moving on after rolling once if it seemed like the situation for the stock had really changed. Appreciate any ideas Gangstars. +I retired early-ish today, having hit financial independence a couple of years ago. + +Not entirely sober at this point, so I'll keep it simple. + +51/M/5'11"/175lbs ... no, wait, wrong subreddit. + +I'm 51, just hit earliest unreduced pension after 30 years of full-time work. My wife and I have been living on that pension amount for years now. The rest of my salary, and her half-year salary, and our rental income have all gone to paying off our four rental properties - which we did a year ago. + +I liked my job (IT) well enough, but it was stressful (IT). My wife asked me for a few months why I was working that stressful job for money we clearly didn't need. That is, if we were financially independent, and my job was hurting me at least as much as it made me feel good, why was I working for someone else? Finally, I had no good answer. + +So my life and time are now my own and we have more money available than we have been used to living on, and now we have the time to use it. So, now what? That's \_not\_ a desperate cry for help to you all - rather just a bright-eyed head-shake of question to myself. + +I've really appreciated your stories and wanted to chime in at this inflexion point of financial independence. +There is a lot of heavy marketing out there concerning the NHR tax regime in Portugal. Most of the websites promote it as an easy way to reduce your income tax to 0%/10%/20% depending on your individual setup. +I've read countless websites and most of the posts i could find on reddit and then realized that there was not ONE person using this succesfully. Maybe they're all to happy to browse reddit but i doubt it. haha + +If you're out there - please speak up! +First let this be a lesson everyone here learns from.. I had very affordable term life insurance but let it lapse because I moved between countries and put it in my "need to do eventually list". In the meantime, I developed cancer - first in 2017, second time in 2018. Now I'm in remission but so far have not been able to get life insurance, not even with an exclusion to not cover cancer related deaths. Overall this was really stressful during treatment to not have this (for my family), and now I still cannot get any coverage. I've been told after 5 years it "might" be an option.. I wanted to see if anyone here has any experience with getting coverage in this situation - maybe certain companies are more lenient or have higher cost options, or offer exclusions for my previous diseases. I asked an independent agent and he didn't even want to talk to me after finding this out. + +Thanks for any tips, and please for yourselves - don't wait to get life insurance! Doesn't matter how healthy you are now, your life can change overnight (mine did).. Get it today! +I have a six-figure sum in CAD with a Canadian bank that I'm trying to transfer to Europe. I thought I could wire transfer it to my Interactive Brokers account, but since I'm in Central Europe, IBKR only support receiving deposits in USD, EUR, and a few other European currencies. + +Is there a cost-effective alternative I can use? + +One option is making a wire transfer to Wise, converting the money to EUR or USD via a 0.45% fee, and then making a withdrawal from Interactive Brokers, but I'm hoping there's a cheaper alternative. +Hey all, + +I’ve been a silent observer on this thread for a while. So first of all, a big thank you to all of you who’ve provided so much interesting and helpful content here. + +I’ve got two questions: + +**1. Where should I buy ETFs, especially as somebody that might move to other countries in the future?** + +**2. What’s actually up with DEGIRO and is it time to move my ETFs from there?** + +Let me elaborate on both a little bit: + +1. I am an EU national that has bank accounts in the Netherlands and in Germany. Currently, I work and pay taxes in the Netherlands. However, it’s not unlikely that I’m moving to other countries in the coming years, those could be within the EU but also outside. I don’t plan to do a lot of active investments but I want to put some money aside in VWCE or similar ETFs, and leave it there for a long time. When I have it in a Dutch account, say DEGIRO, can I just leave it there even if I don’t live in the Netherlands anymore? Or are there any alternatives for someone moving countries frequently? I’d rather not have to move all ETF money every time I move (which may be a lot in the coming years). +2. Thanks to advice from this sub and some books, I started with some ETFs earlier this year on DEGIRO. That was more to understand how everything works rather than actual investment. Now that I want to start properly putting some money aside, I’m seeing a lot of negative news about DEGIRO. However, as I mentioned, I want to put my money away for the long term, so I’d rather pick a bank / platform where I can be certain it will still exist in 5-10 or even more years. I chose DEGIRO because of their portfolio of free ETFs but I don’t mind paying some transaction fees if I can be guaranteed security of that money. Any better alternatives in NL, DE, or elsewhere in Europe? Or is there actually no risk with DEGIRO? Opinions about this seem to differ. + +For context, I’m planning to put away some money every month following the ‘invest and chill’ approach, in some all-world indexes with rather low risk and I don’t intend to use this money for a while - maybe even until retirement. + +Apologies in case some of this is repetitive or rookie knowledge, I’ve been trying to find this information but couldn’t and I’m also quite a beginner when it comes to investing. + +Thanks a lot for your help! +Hello everyone, there's no easy way to tell you this, but i'll try. + +So, i'm currently living in Portugal, i'm trying to finish my studies but at this moment it ain't been easy, i work and study because i live only with my mom and she wouldn't be able to sustain me, neither i wanted that, but unfortunately at this moment things are getting pretty rough, both salaries barely enough to pay rent, house expenses, medical bills and food. I also have a part time job at a local bar that helps me paying for public transportation and some studies expenses, but with rising cost of life it starts not to be enough. + +&#x200B; + +I'm asking if some one could please indicate me some way of making some extra bucks (online maybe), i've tried sites like usertesting and trymyui but those haven't ben reliable, i also did some research in some online business but i won'te be able to execute them without money, so currently i'm more looking for a way to just earn some extra bucks, like 60\\70 EUR p/ week would be great. + +&#x200B; + +Please, this may seems stupid for the vast majority of you out there, but for me it's a real struggle and that low amount would do me wonders in my life, i have not eaten more than 1 full meal a day in more than 2 months, i have a chipped tooth that i have to ignore and hope it stands until i have money to heal it, everyday that rains my feet are completely wet because i can't afford new shoes, i can't cut any more expenses to my monthly budget since it's already down to surviving essentials, the only luxuries i have in my life are down to my internet conection, my laptop and my studies, i know i'm sounding desperate, because i am, i just don't have to be forced to abandon my studies, the only good thing i have in my life right now that could lead me out of this situation. Please, if you know something that it might help me earn more please help me, i'm loosing all of my energies and hopes at the moment. +I’m a completely inexperienced, late to the game, but want to start making some better decisions in putting money aside and investing for my future. I’m 31 with a modest to low income. Even still I think it’s due time to put money aside. + +I was born in the Netherlands and have dual citizenship with the USA. This seemingly doesn’t allow me to sign up with any investment banks in my country, I’m automatically excluded as a US Person. + +Should I therefore be looking at American banks and institutions and ignore the systems in place in the Netherlands? That also seems be tricky to do from abroad. +I am holding two ETFs in degiro shorting msci USA and dax. Several countries have started to prohibit shorting of some stocks or even in general. + +What will be the consequence if e.g. there is a ban of shorting on the dax for my short dax ETF? +I am holding two ETFs in degiro shorting msci USA and dax. Several countries have started to prohibit shorting of some stocks or even in general. + +What will be the consequence if e.g. there is a ban of shorting on the dax for my short dax ETF? +Hi all, + +I have recently heard about PEPP (Pan-European Pension Product) here on this sub and was wondering what I can do with it and what are its benefits, compared to just investing in an ETF? + +Currently I am living in Germany and have invested in a couple of ETFs with most of my savings. I have only about 10K in a bank for emergencies. +Hi everyone, + +I would like to hear opinions on the investment scheme with the following inputs: + +1. Investment period 5-10yrs (possibly longer) +2. Tax residence: Netherlands (therefore Accumulated funds are preferrable due to dividends taxes) +3. Investment cadence/amount: 1000 (or 2000) EUR on a monthly basis +4. Risk: low to moderate +5. Broker: DeGiro + +After reading some topics and analysis on a passive portfolio I have converged on a single ETF: + +[iShares Core MSCI World UCITS ETF USD (Acc)](https://www.justetf.com/en/etf-profile.html?isin=IE00B4L5Y983) + +My question is how would you balance the portfolio with the fixed income asset? + +Q1. If its bonds, bonds-ETFs: which one? + +Q2. Maybe bonds are not worth it? What else then? + +Q3. Would you add another equity ETF to the portfolio (Emerging markets? Asia?) + +&#x200B; + +Thank you for your recommendations and comments +Well not exactly I put it there, the city archive where I live will store letters for 100 years. They will open them in 2122. I wrote a letter and also put the private keys for 100 $ worth in BTC. What do you think are the chances the network will be still up and running? What would be the block reward by then if so? What would you put in an envelope for 100 years? +My 9-year-old son used my debit card to purchase nearly $400 in online games without my knowledge, in the middle of the night. I've requested and received refunds from the products purchased through Steam, but the bulk of the transactions (~$300) involve Nintendo eShop. They have a strict no-refund policy when it comes to downloadable content. What are my options, if any? I need this money back in my account, so I can pay bills. I'm in Illinois, if it matters. + +I really appreciate any help. I'm trying really hard not to freak out. + +Edit: I have removed all saved payment options, and I am currently waiting to hear back from Nintendo's refund department about my refund request. +After looking into some of the DD that had been published in the last days i decided to take a look into the Short Data and FTD data to find out if this stock behaves like a delisted stock or if the allegations made by some of the authors could be true - just by looking at the FTD Data and Short Data that is available to us/the public. + +Lets start with the basical facts: + +Sears first got my attention back in June because of his tweet - but i had no idea what and where to look at. + +https://preview.redd.it/3ydi36ht6ql71.png?width=1280&format=png&auto=webp&s=5b15eb3ed5c4b34c45249857fbe6e75008bc049c + +Sears was delisted on 24. October 2018. + +Before, it had been traded unter the Ticker SHLD - since the 24. it is traded unter the Ticker SHLDQ. + +Lets first take a look at the long timeframe for SEARS. + +&#x200B; + +[As you see, the FTD spiked exatly the the day after the delisting of sears. While we still got hugh ftd in 2021. Strange, right?](https://preview.redd.it/ptvf7pbc6ql71.png?width=1456&format=png&auto=webp&s=62491477838985315c0f494a9d6c1c71a4801569) + +2010 looks nice, lets move way deeper into the past: + +[Oh - 2008 says hello! Anyone has an idea why SOOOO many shares could fail? ;\) ](https://preview.redd.it/tlobqh5l6ql71.png?width=1602&format=png&auto=webp&s=b12940996c9e3c41e44b1e56d6d004a05f81d517) + +So, lets take a look into the Time AFTER it got delisted - It should not have any real short activities, its a dead company so never mind! Oh. it has a volume. And a short Volume. And it reports a short volume. + +[This is the Volume \(Blue\) and Short Volume \(Orange\) since Sears got delisted.](https://preview.redd.it/797h8hpo4ql71.png?width=1971&format=png&auto=webp&s=e9c53bd62559e3964460e565de5e28f7d7e013e5) + +How much did shortsellers make by shortselling a dead company over and over again after the delisting - you will say, some pennys. Yeah, some pennies if you are a hedgefund manager. But for us its a lot money. + +**To calculate the "short sell gaines"/how much money did they make by just shortselling a dead company:** + +https://preview.redd.it/p6z2vr105ql71.png?width=136&format=png&auto=webp&s=68df5f3c9048e26cbbc544fc95aaf3abfe9f5ee9 + +**In Words one hundret fifty six million four hundret eighty two thousend threehundret fifty nine $ and 86 Cents by selling a company short that is delisted.** + +&#x200B; + +Yeah, you are reading it right. Since the stock got gelisted and was trading below 1$ Shortseller Sold between 24. Oct 2018 and 02. August 2021 + +[First: Amount of Shares Sold Short \/ Total Volume Reported in Short Data](https://preview.redd.it/pkskag3t5ql71.png?width=271&format=png&auto=webp&s=b450e098a76fa05d8b24af7e100f7cab9a2515b4) + +Strangest thing so far i found further in the data is the SVR Total VOL = SHORT VOLUME / ( YAHOO EOD VOL / 100 ) = Short Volume Ratio Total EOD Vol - Describes the % of shares shorted of total daily vol.Lets agree an the fact that 100% is max. But we got this for Jan 2019 - That is strange that the short volume reported in shortdata exeeds the volume reported on yahoo. + +https://preview.redd.it/l3pq1puj7ql71.png?width=2059&format=png&auto=webp&s=a958ff4431fb766d69c67bfcf643befd20bc1abc + +Taking this one day out and scaling it down to a 0-100% y containing Closing Price (Orange), Blue SVR Total Vol and the 40 days moving average. This doesnt look like a dead stock.... + +https://preview.redd.it/ek39j2i68ql71.png?width=2033&format=png&auto=webp&s=d79ca00695de37ecf1889b81920917a0a07d98f3 + +And what about the FTD? + +[24. Oct 2018 Till last FTD Update](https://preview.redd.it/k8bzhetd8ql71.png?width=2079&format=png&auto=webp&s=085411b368d54d4d14415335a01a1df74bc28fe8) + +Same Chart, but starting at 01. January 2019 + +https://preview.redd.it/t029lboj8ql71.png?width=2079&format=png&auto=webp&s=d011a194bdee4aaaac0063dc8bd4f4cbf4552db4 + +A dead Stock still has FTD over FTD over FTD over time. WHAT IS THIS - A Zombie stock? + +I think this needs some more research - thank you for your time! I think we should dig into this rabbit hole! + +Added: + +There are still people holding SEARS in 2021- take a look: 1. KINETICS PORTFOLIOS TRUST 2. FAIRHOLME FUNDS INC 3. Invesco Exchange-Traded Fund Trust II 4. KINETICS MUTUAL FUNDS INC bonds????? + +https://preview.redd.it/n7ftr6m0nql71.png?width=1347&format=png&auto=webp&s=eed2ce7b2d0cbba522fb6a95d71b4785848fecfa + +https://preview.redd.it/ntn9ct91nql71.png?width=1344&format=png&auto=webp&s=41e4ffebadd085e18f03fcff5c2356b890020421 + +https://preview.redd.it/4t5obvw1nql71.png?width=1360&format=png&auto=webp&s=036c9e5d4d863a0f31a6cdae461b46cc739b9a01 + +https://preview.redd.it/nsw91jo2nql71.png?width=1408&format=png&auto=webp&s=7c7040e425feb50a218587107b6f540d53309ed5 + +Add 2: + +[https:\/\/insider-analysis.com\/search\_whales.php](https://preview.redd.it/t62dgb9slrl71.png?width=1818&format=png&auto=webp&s=70789fe5cec14052d944761b08582b8dfde216fd) + +&#x200B; + +[https:\/\/whalewisdom.com\/stock\/shld](https://preview.redd.it/qjyymxj2mrl71.png?width=1903&format=png&auto=webp&s=7753319a8814830559bba35507b00d6af0fa576e) + +&#x200B; + +[https:\/\/whalewisdom.com\/filer\/esl-partners-lp](https://preview.redd.it/wjduuk49mrl71.png?width=1897&format=png&auto=webp&s=cc675b5dbb1e9ad22a16c00a5e3a499de8487c6a) +**DISCLAIMER:** *Before you attempt my crucifixion, I want to state up front that this post is meant to provide more evidence that* ***D****irectly* ***R****egistering our* ***S****hares with* ***Computershare*** *is not only the way, it is the ONLY way! And it needed/should have gotten underway many months ago, in fact, right after the January sneeze would have been ideal.* + +I hope that this post becomes a multi-part post eventually as I suspect there is much more to glean from what I already know so far. Bear with me though as you read through, I am a blue collar retard and typing sh-t up, having it all make sense on paper is not my mug of beer. + +**INTRODUCTION:** + +u/dlauer (David Lauer)-as you all know-is an expert in this field of stock market trading. He was a high-frequency trader, he helped design exchanges, helped asset managers manage assets, has testified before the US Senate and SEC on market structure. With over ten years experience and working for some of the biggest firms in the markets, (yes, including Shitadel for 9 months) he is likely the most qualified "ape" that we know in this ginormous group of ours. + +[Dave, circa 2012, colorized](https://preview.redd.it/ydd64gfy0tp71.jpg?width=474&format=pjpg&auto=webp&s=813d7a57eec71f51f7a25beca57e35125c1557fd) + +I know for a lot of you the jury is still out on whether Dave is on our side or not but hear me out. I was until recently one of those who was very sus of Dave and did not take what he says at face value. After spending hours reading through hundreds of comments and posts from Dave and about him, I have since changed my mind because of one major point. In all his replies and statements, Dave has remained consistent. He doesn't flip flop on his ideals and he constantly reiterates that he is not always correct and is just as fallible as any of us. I genuinely believe now that Dave really is sincere about everything he says and I now believe that the controversy that became FUD concerning him was orchestrated. Let me show you what I mean below, I copied an older post of his that he made about a popcorn stock tweet that was extremely controversial. + +[page 1 of 4 of Dave's OG post](https://preview.redd.it/6xe1hxvy1sp71.jpg?width=1006&format=pjpg&auto=webp&s=749d2505bb2d39bdcaeb94763e69de9c872186da) + +Dave felt that the price action he saw in popcorn stock toward the end of May this year was due to shorts squeezing. As you can imagine, much screeching & reeee'ing followed.. + +[page 2 of 4 of Dave's post](https://preview.redd.it/6khht69t2sp71.jpg?width=836&format=pjpg&auto=webp&s=c3a9abebd9431117d19761f1abf1ff04fda3d97b) + +[page 3 of 4 of Dave's post, Vlad is a funny clown](https://preview.redd.it/00924udy2sp71.jpg?width=816&format=pjpg&auto=webp&s=4c6fdfb8b86a290af33c7558fc25b3b39f6211cc) + +In the next img, you will see the crux of my post, it was at the end of Dave's original post. What I read then has been burned into the back of my brain and has nagged at me for months. He said something that created instant PTSD in most of us who read those words.. + +[page 4 of 4 of Dave's post, mic drop moment](https://preview.redd.it/cec3an6a4sp71.jpg?width=2058&format=pjpg&auto=webp&s=93dfc477fd07ce8ddd81b0fd41889fdb5b1a9898) + +Dave is telling us all that short squeezes can happen slowly over time, without impacting the market dramatically! He points out that there are different kinds of squeezes, not just the one type we are all familiar with based on what happened back in January. The scariest kind of squeeze, imo, is the one you cannot detect is occurring. The one that looks like just natural price inflation over time. Consider this comment I found in his post: + +[shoutout to u\/where\_in\_the\_world89](https://preview.redd.it/bglqroqv5sp71.jpg?width=1168&format=pjpg&auto=webp&s=f584724bf8bea64ce5f8cd04d329b76890a6758b) + +Ever since the DRS movement with Computershare has regained steam, I have seen lots of FUD spread throughout the $GME subs and especially on other platforms such as youtube and twitter against registration. I think we all have heard by now of one special youtuber\* who has really gone on the offensive against Computershare, even going so far as to label Dr. Susan Trimbath as "irrelevant" concerning this trend to take our shares out of the market. Yes, the queen of the apes, who wrote the book on naked shorting! The shills are grasping for straws by pointing to Computershare's lack of positive reviews online, asking us to ignore field experts on the subject matter at hand. + +**How does any of this relate to "buying and hodling?"** Well my bros and sisis, I think I connected a dot from Dave's old post to the FUD being pushed today by our resident shills. Think about this, if the shills are not dumb enough to ask us nicely to sell our shares then what are they asking or telling us to do instead? The number one theme that I see from DRS/Computershare doubters is the message to just buy and hodl with our current brokers. That's it. Just stay where you are with your shares "safely" inside of your favorite broker. You might have seen them also say "don't transfer the bulk of your shares to CS." Or maybe you've heard them say, "CS is only for infinity pool shares because it's too difficult to sell and you might miss out on moass." + +**Here's the bomb drop part**. Shills, (hedgie mouthpieces) want us to buy and hodl with our current brokers in the market because it allows them to use our shares-which are really just iou's-to gain collateral and to slowly close out their open shorts very slowly, over time, so as not to cause any dramatic price swings in the market! That's it! **Buying** grants them more collateral since they don't have to actually buy a real share for you unless you DRS them! **Hodling** them in your broker allows them to be used for the benefit of hedgies to perform their fu-kery indefinitely! That's the shills greatest plan and it's been right under our noses the whole time! *They want us to keep our shares in the market, in the DTCC, where they have the greatest chance to slowly get out of their precarious position.* Time, as it turns out, is on their side too! + +Do you remember what [Criand wrote about in his latest DD concerning CS?](https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/?utm_source=share&utm_medium=web2x&context=3) Our brokers very likely do not hold any actual shares of $GME, instead there are iou's or placeholders because of collateral/swap loaning. We likely only receive an actual share once we request DRS. This is likely why we have been seeing some really wonky prices printing on our statements when transfers are processed. I am convinced that all of the shares in our brokers are iou's/fakes and only the ones getting DRS'd are real because of forced purchasing. As I write this, I won't lie, I am afraid what will happen if I don't transfer ALL of my shares to Computershare. Will they honor the synthetics which sit in our broker accounts? After all, they haven't been purchased yet and according to the CMKM section in Dr. T's book *Naked, Short and Greedy Wall Street's Failure to Deliver,* even brokers whose clients purchased certain securities, may be in a state of "failed to receive" even though they were "long" at settlement. Meaning that your broker took your money, assigned you shares that it itself never received and is always waiting for shares to be delivered that never come. + +Guys, this is huge. We cannot just "buy and hodl" because we're not receiving actual shares in our brokers when we buy. We cannot hodl what does not exist. The only real shares on the market are sitting in Computershare accounts, off market. + +In the case with CMKM-although very different because it was a penny stock and got delisted-all the shares that were sold as synthetics, the brokers just deleted them from shareholder's accounts. Millions of shares, erased with varying excuses. It happened with many brokers involved including but not limited to Fidelity, eTrade, Schwab, TD Ameritrade, Chase, etc. After all I have witnessed in this sh-t show of a market since Feb., I wouldn't put it past these a-holes to offer a refund of the purchase price of our shares because they cannot locate real ones. I know we all want to look on the bright side of this and assume Shitadel is on the hook to "buy back" our fakes but after digging into all this I don't expect that to be the most likely scenario. I don't know what will happen, but I do know that I would feel a hell of a lot safer if 99% of my shares are DRS'd. + +&#x200B; + +I don't want to cause panic, but, Computershare may become a race to secure real shares which are the only shares entitled to the future dividend distributions and value of $GME. + +&#x200B; + +\**youtuber in question has since deleted his video(s) and comments regarding Dr. T and Computershare and/or has locked them up behind a member's only wall. However, I did find this great bit of FUD on his channel:* + +[name redacted because publicity](https://preview.redd.it/7bchahmdpsp71.jpg?width=1356&format=pjpg&auto=webp&s=8140be57f774b5ae5e0f0229df3e625b119e2810) + +I am going to end the post here because it's late and I'm retarded. + +I have screenshots and comments from Dave and others replying whom have since deleted their accounts that I think are important to post/publish because I believe Dave to be on our side. I just think that we misunderstand him and he cannot explain himself well sometimes through replies. Especially after he says something like a big squeeze is possible but not guaranteed, (due to shorts covering slowly over time as he said above) and that all these volume errors are glitches that are often corrected. You get the picture. I contacted Dave before posting but I never showed him a rough draft so he will be seeing this post live like all of ya'll. + +I'm a last minute kind of ape. + +Oh and before I forget, it occurred to me that if some 4 month old, green horns challenged me on my knowledge of my own field after having spent over 15 years in it, I would mock them viciously and let them wallow in their ignorance. Be kind to Dave, dude knows his sh-t. We just learned how to walk ffs. + +Love you guys, stay hardcore. + +&#x200B; + +edit: added photo +First of, many thanks to who ever took part of it, I got a whooping number of 376 participants. In a quick calculation, it's a bit **over 2% of this sub**, which gives an excellent indication. +Nonetheless, this data probably is changing constantly and people are, naturally, not going to always act as they stated in the survey. + + +In order to maximize this survey, I am going to post a link in the bottom of this post with the spreadsheet of all the raw data, for you guys to look at and hopefully add to my analyzing. + + +One last comment before I present the data. In questions where I asked for a range (i.e 100$ < ether < 200$), I averaged it for the purpose of calculating estimated prices, percentages and more. + + +Ok to the data: + +--------------------------------------------------------------------------- + +**Ether Price (In a few years):** + +22.5% believe the price will range from 500 to 1000 bucks + +29.7% believe the price will range from 100 to 300 bucks + +31.5% believe the price will exceed 1000$. 38% in this group believe it also will exceed 2000$. + +the average price range is 795$ - 1000$ + + +--------------------------------------------------------------------------- + +**Staking (if the interest rate was 5%):** + +11.0% said they will stake between 80% to 90% + +16.0% said they will stake between 50% to 60% + +26.5% said they will stake 90% percent or more of their ether holdings +All in all, the average percentage the etherian claimed he would stake in the future is 61%. + + +If the price of 1 ether were to exceed the expectation: + +14% said they will, to some extent, will withdraw at least some of their ether from staking. (In this group, 20% said they will withdraw all of their funds). + +37.4% said they won't touch their staked ether + +48.2% said they will, to some extent, will add to they staked ether. (In this group, 43.8% said they will go all in staking in case the price were to rise above their expectation). + + +If the price of 1 ether were to fall short of the expectations: + +20.0% said they will, to some extent, will withdraw at least some of their ether from staking. (In this group, only 16% said they will withdraw all of their funds). + +35.5% said they will, to some extent, will add to they staked ether. (In this group, 47.3% said they will go all in staking in case the price were to rise above their expectation). + +Amazingly, 44.4% will not do anything if the price of ether is lower than expected. + + +46.8% said they will invest the interest from staking + +33.2% said that they will stake their gains + +Only 15.8% said the gains will go for spending + + + +--------------------------------------------------------------------------- + + +**Trust in Ethereum Foundation:** + +2.1% scored their trust in the EF at 5 + +2.9% scored their trust in the EF at 6 + +10.2% scored their trust in the EF at 7 + +28.9% scored their trust in the EF at 8 + +28.6% scored their trust in the EF at 9 + +26.5% scored their trust in the EF at 10 + + +I was shocked with the amazing average score of 8.55/10 + + + +If an exploit in the PoS protocol were to happen: + +31.1% said an exploit will have an extreme effect on their trust (in this group, only 10% said they will lose their trust alltogether) + +33.3% said an exploit will have a moderate effect on their trust + +Yet, 35.6% of the people said it will have none to negligible effect on their trust. (inside this group, 26.12% said it will have no effect at all) + + +so after an exploit, trust score is plummeting to 5.23/10 + + +interestingly, even after an exploit, 54.4% said they will sell **less** than 30% of their stack. (in this group a staggering percentage of 70.6% claimed they will sell less than 10%!, giving this group a collective percentage of 38.4%) + +9.9% said they will sell more than 90% + +8.8% said they will sell between 50% to 60% of their ether holdings + + + +--------------------------------------------------------------------------- + + +**Random Facts:** + +The people that their trust in the Ethereum Foundation is between 7-10, estimated the price would be 18% higher than those who gave their trust in the EF less than 6 in score. + + +The people that their trust in the Ethereum Foundation is between 7-10, stated they will Stake 63% of their ether in average, where as those with low trust in the EF said they will +only stake 38%. + + +A simmilar correlation I found between trust and sold ether after an exploit, the more you trust in the EF in the beggining, lower the chances you will sell a big portion of it +after an exploit. (1-6 trust score sold 54% in average, when 7-10 sold 32%) + + +There is a correlation between price estimation of the respondant and the portion the respondant said he will stake. (people that estimated the price to be over 500$ staked in +average 8.3% more) + + +Generally, the people that staked less to begin with, sold 1.8% less of their ether after an exploit. + + +Naturally, the more effect one said to have in case of an exploit, the more they sold. (1-5 (non to moderate effect) sold 26% while 6-10 (moderate to exetreme effect) sold 43.2%) + + + +--------------------------------------------------------------------------- + + +That's it folks. +You can really get sucked to useless statistics here so I'll try to cut it when it is still somewhat interesting. + + +[The full data here](https://docs.google.com/spreadsheets/d/16POJq71bJcQdg-eNTgwroe1QIGcCtFHkij6F0ggUBKI/edit?usp=sharing) + +If you have anything to add or comment, I will be glad to hear it :) + + + + +Edit: grammar, formatting + +I've never taken too close of a look at Pepsico in the past, but did today and got thinking. + +The part that intrigues me is Pepsico compared it to Coke (KO), who I would say is their #1 competition. Pepsico has a market cap of $195b and a P/E of 28, while Coke is at $210b and 25. Coke also has a slightly higher dividend and is still down from pre-covid levels, but the part that got me intrigued was the growth potential of Pepsico. Pepsi owns a lot more brands than Coke, including several popular snack brands, and continues to innovate for the future. Pepsi has a goal to reach zero net carbon emissions by 2040 and with the beyond meat deal today, they clearly have a vision of continued expansion. Plus, the diversification into the snacks industry, through brands like Frito Lay, Tostitos, and Quaker, just adds to their portfolio and growth potential. + +I wanted to see everyone else's thoughts on Pepsico as a dividend plus potential capital gains play. I could very well see this stock having a higher market cap than Coke within the next 5 years. And even if Pepsico doesn't have the best growth over the next few years, it will still be a very solid dividend stock. +For several months now I've been paying extra on my home mortgage, telling the bank to apply the overpayment to the principal. Each time, I get a receipt from the back showing my payment and lower principal. + +Now, the bank is saying that we can't do this and we are only prepaying payments. Our only other option is to pay the loan off in full. + +I've never heard of this. I've heard of pre-payment penalties which are rare these days but never heard of a mortgage that you couldn't pay down the principal on. Can they do this? + +Edit: the mortgage is at a rural local bank in Ohio. Current rate is 3.75% + +Edit: Thanks everyone for the feedback. As a thank-you I'm going to write a tl;dr of the findings: + +tl;dr of comments +It seems like this may be legal in Ohio but not in other states, such as Iowa and Texas. We will read the loan documentation and see what's actually in the contract. + +Some places limit the amount of repayment, such as 10% per year of principal paydown. + +As many have said, refinancing can get us out of this issue with our bank although as we are near retirement, we were trying to have the rest of the loan paid off just for peace of mind. (Knowing that it's the suboptimal financial decision) +Today I went in to my local bank to close accounts to get rid of monthly fees. Long overdue. Got to talking with the banker who was helping me close the accounts and while making small talk, I found out he was househacking (sharing house with a friend to be able to afford move from LCOL to HCOL). We also got to talking briefly about mutual funds vs. index funds, retirement planning and money management issues. As we were parting ways, he asked me (almost hesitantly...as you would if telling people about your cult) if I had heard of FIRE. Ha ha. Only too well, my friend. Only too well. :) What are your experiences stumbling into FIRE folks out in the wild? +I’ve enjoyed 9 of the 15 years I’ve been at work. 7 of those years were in research (non-accounting) and paralegal work and 2 were in financial analysis, specifically rebuilding antiquated Excel sheets into automated models. + +Of the 6 years I haven’t liked, 4 have been in accounting or auditing, 1 was in law firm pricing and 1 required a lot of conference calls and presentations. + +However the highest paying have been in accounting and pricing. + +I’m starting to wonder if it’s accounting itself that I hate. I’m good at it but the general people I work with are not my type of people. I do accounting for the money but I used to play music and am more literary- minded and liberal. + +I worked hard to get this accounting masters and go through the experience to raise my salary up but I’m just continually miserable at work even changing jobs a couple times. + +Is the extra money really worth it ?? +Maybe this isn't an original idea, but I always dreaded the "3-6 month emergency fund" suggestion because it always felt like a pipe dream. I'm a grad student and my husband works minimum wage to support us, and things have been tight for a long time. + +But I realized the other day that we have a ghetto version of a 3-6 month emergency fund! So I thought I'd share what we've done. As a disclaimer, I know this isn't ideal. But it's realistic and it works. + +The first step is making a budget. Include all expenses for the year, including annuals such as car registration, renters insurance, gifts for all occassions, etc. We also budget car maintenance, dog vet visits, etc. That's a different post, and there's plenty of suggestions around here. + +Step two is to adjust your budget to include the maximum you can expect to spend in a month on an bill. For example, our winter electric bill is highest at $90/month, so we set our monthly budget at that point. Another example is we still have our gas budget set as though gas were $4/gallon even though it's less than $2 where we live. + +The next step is to use the envelope system / ally savings account system to roll over the extras each month. We have a "utilities" savings account where we put all of our left over money from our electric bill. We have an envelope with cash for our car gas. Although it's taken a year and a half, we now have about $600 saved in our utilities account which is actually more than 6 months savings! For gas we have about $200! We also keep shoveling away our "car maintenance" and "vet visit" money into respective savings accounts which have built up enough money for at least two normal trips to each place. + +We do the same thing with our car payment. I know none of this is "ideal" (even having a car payment) but it works for us. My husband gets paid every 2 weeks, so we pay half a car payment every paycheck. On the months he gets three paychecks, we still make that payment. And because we're feeling good about saving in other bill areas, we add that extra money to our car payment. We're 2.5 months "ahead" on our car payment which is great in case something happens. + +The biggest obstacle has been rent, because it's expensive. All of our "windfall" money (tax returns mostly) goes into a "rent" savings account. It's a slow build, but we'll keep pushing. + +I hope this post is encouraging for fellow poor people. We're fortunate because we don't have kids, but we've also been dumb and have a car payment, dogs, cell phones, etc on minimum wage. If we can do it, you can do it too! + +Edit: I forgot to mention this other piece: we budget "household items" and spend that money entirely every month. If we don't have anything urgent to buy, we buy an extra thing of toilet paper, laundry detergent, etc. This way we have a stockpile and we can be flexible if money needs to go elsewhere. +Firstly, the Fed and Major Central Banks are raising interest rates to combat inflation. But raising interest rates to combat inflation only works when the problem is on the demand side of things. Due to COVID and the Russia-Ukraine war, the cause of inflation is purely down to supply. So effectively the fed raising interest rates will only have negative impacts on the economy without actually bringing down inflation. + +On cue, companies are starting to announce lay offs whereas before the rates started hiking the labour marke was tight and thriving. The Fed and other central banks raising rates have led organisations and consumers to believe hard times are ahead, consequently businesses are cutting costs and consumers not spending as much. + +Central Banks have very limited tools in terms of how to deal with inflation other than raising interest rates - however due to the nature of this inflation it's pretty clear that this isn't going to work. Regardless, central banks have decided to cause a recession by raising rates, as opposed to letting inflation keep increasing. But what is worse, a recession where people lose their homes and their jobs due to central bank attitude to spending, or a strong economy where the labour market is solid but we all have to pay a bit extra for every day things? + +Obviously none of the ideas is ideal, but central banks are choosing the by far most destructive option in my opinion. My question is why? + +I'd be keen to hear other people's thoughts? +Remittances account for 23% of El Salvador's economy. Bank fees on those transfers range from 12.5% (on larger transfers) to 30%+ on smaller transfers—let's call it 20% on average. Bitcoin eliminates those fees via the Chivo app ipso facto: a 4.6% pay raise for the entire country. Awesome. + +(This doesn't include the additional savings of not having to waste your day and bus fare and personal safety going to the bank to receive the transfer.) Data from: [https://www.cnbc.com/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html](https://www.cnbc.com/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html) +A large portion of you today were crying game over, spreading panic, fear mongering, and displaying other forms of ridiculous behavior in response to a 25% fall in the price of Bitcoin today. + +/r/bitcoin is a fairly large part of the Bitcoin community. People are watching us, some of the media is watching us. Maybe some of you should consider maturing up a bit. + +It's been said before and I will reiterate it: Don't invest more than you are willing to lose! Tattoo these words on your body! That way you can enjoy the ride rather than have panic attacks about losing your life savings and contemplating suicide. + +The price of Bitcoin is still hovering around $550-600 USD as of this post. Have you forgotten that just a few short months ago it was at $200? It's still incredibly valuable. + +If you're not invested in Bitcoin for it's potential as a currency and you don't understand the possibility that you could lose money, then do yourself and this community a favor: sell out and leave. +Our modern day financial system is essentially a giant ponzi scheme and pyramid scheme with extra steps, it's the extra steps that make it be too confusing for the laymen to understand what's happening, allowing the system to continue instead of having it get overturned and reinvented: [https://medium.com/coinmonks/the-modern-financial-system-is-a-debt-based-pyramid-scheme-and-an-investment-based-ponzi-scheme-e37c4154b9](https://medium.com/coinmonks/the-modern-financial-system-is-a-debt-based-pyramid-scheme-and-an-investment-based-ponzi-scheme-e37c4154b9) + +A more academic version of the article on the Nasdaq with links to sources, instead of like the previous link that more so tries to use imagery to better relay the message: [https://www.nasdaq.com/articles/bitcoin-fixes-the-modern-fiat-ponzi-scheme-2021-09-14](https://www.nasdaq.com/articles/bitcoin-fixes-the-modern-fiat-ponzi-scheme-2021-09-14) + +It's sad that people don't see this yet, but Bitcoin has started a fascinating trend that leads people down a rabbit whole of financial education that allows them to see this fiat Ponzi and Securities Pyramid scheme for the scans they are. + +We only have a few hundred million people today in this space, and I'd say only a few tens of millions have been in it long enough learning about it, to better comprehend the giant scam with extra steps that is the traditional financial system. + +What happens in 4 years when we're projecting over a billion users, and likely by then a few hundred million users who've learned enough about the financial system to understand the scam that it is? Will we get the revolution over night that Henry Ford prophesized? + +If not then, then what happens in 10 years when we project 5+ billion users with a few billions having learned enough to better understand the Fiat Ponzi and Securities Pyramid scams with extra steps? + +If you're a long time hodler then you already know what happens. Eventually your banks fails you as they do everyone all the time, and Bitcoin offers you a work around. After that, things become much clearer seeing how Bitcoin can do for you everything your bank does for you without all the inefficiency's. + +Even getting loans against your Bitcoin is an easier process with better rates than a banking loan, and anyone who's been in long enough to start doing that has learned enough to only ever do it with the smallest portion of their holdings to not be at risk of not having more Bitcoin in reserves to cover a margin call. + +**F.A. Hayek** once said: ["I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."](https://www.youtube.com/watch?v=9-uo-KfnkhI) + +So tell me, what happens in 20 years when 7+ billions of people are projected to be using Bitcoin like people have grown to use email today, and even more billions having learned enough from their curiosity in it to see the old financial system for the giant convoluted scam that it is? + +Bitcoin's adoption rate has held strong for 13 years, and for those thirteen years it has grown at twice the speed of the first internet. + +If you study what happens to adoptees after they start studying Bitcoin and the financial system, to better understand why Bitcoin goes up in value over time like it does, then you know the usual result is we Hodlers start denominating everything in Bitcoin, saving in Bitcoin. And dollars and other fiat currencies? Well we keep as few those as we need. Hell the oldest of us in this space don't keep any dollars anymore. We have credit and debit cards that we can pay with our Bitcoin so we never have to touch that fiat shit again. + +&#x200B; + +**PS: Ford helped create the modern central banking system we have today. It’s described in a book called “*****The creature from Jekyll Island”*****. The book describes Henry Ford, JP Morgan, and a bunch of other billionaires(When adjusted for inflation) meeting at a private island to reinvent our banking system, which resulted in the creation of the private Federal Reserve banking system we have today, who is owned by all of Americas Chartered banks, as they're the only ones allowed to own a stake of its shares. So if he’s saying people would revolt over night if they understood it, then you know it’s got to be bad because the guy and his friends created it.** +# + +[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? + + +[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!* +Since, apparently, nowhere in the 2.2 million people reading this sub is a single god damned lawyer (ok, plenty of jailhouse lawyers - I see you, Mr. Diggs) and because this is a really slow time of year for my firm while we wait to see how this whole vaccine thing shakes out, I assigned one of my staff attorneys to look into the concerns I've seen expressed a lot here lately, specifically as it pertains to "market manipulation" and potential liability exposure stemming from how this sub has basically become a very large hedge fund comprised mostly of autists who appreciate great memes. + +Here's the short of it: + +\- 15 U.S.C. § 78 is the relevant US code that governs market manipulation. It's got a few rules. Publicly traded companies have to regularly make disclosures (so not WSB). And it regulates exchanges, dealers, brokers, insiders, and employees of publicly traded companies (only you can decide if you're one of these. Personally, this raised an interesting question for me because I'm in venture capital (that, thankfully, it looks like I'm OK on), but YMMV. Maybe you work for a meme company and have gone full retard. You're on your own. + +***Obviously, "market manipulation" is what everybody here is shaking their titties over. The rules here are pretty simple.*** + +\-You can't "create false demand" or overtly distort prices. Remember, this law was written in the 1930's, so being able to lie about something's price was easier back then. Not really applicable today. Nobody here is creating "false" demand. In the case of short squeezes, it's creating "actual" demand. + +\-Can't talk about insider information - yet to see that here, so all good. Even if I did see it, I wouldn't trust half of you to properly interpret what you read unless it was full of rocket ships or eggplants. + +\-Can't spread false information about a company. While I would argue there's actually a lot of that here, it's not with intent, it's out of ignorance 99 out of 100 times. Further, the SEC hasn't effectively enforced this rule in decades. There are hedge fund managers who openly admit to breaking this law. Plus, the original intent with this law was (apparently, according to lawyer) meant more for companies to not pull an Enron. It is, in other words, in effect toothless. + +\-The interesting one is with regards to group trading. So there's a whole set of rules that comes into play when an organized group of traders own more than 5% of a company's stock. I'll spare all the boring middle details here because the conclusion is nobody KNOWS how much of a certain company's stock this sub collectively owns. I would posit a very strong theory that we own quite a bit more than 5% of Gamestop, BUT....there's never been a straw poll to prove it and nobody here has any real way of knowing if that's the case. Even if somebody did, they would have to effectively communicate it to everybody else in the sub to alert them of potential conflicts/problems, because "intent" is a qualifier for this particular rule. There's no fucking way this island of misfit toys is going to be effectively communicated that status. Even if that information did become widely known, it would be impossible to prove that rocket emojis, calling people paper handed bitches for exiting a position, or telling people to let their wives' boyfriends take care of the women while you're off earning your tendies qualifies as illegal coordinated manipulation. Especially given how many bots and shills Melvin has deployed here lately trying to discourage or scare people into selling their positions. + +Which means what everybody largely suspected, anyways: All the people on TV are blowing hot air to try and scare people at the behest of their hedge fund manager bosses and to create a story that fits a pre-defined narrative. The SEC doesn't give two shits about you and isn't spying on you (but that plumbing van that's been outside your house might be a problem - your wife's boyfriend might have gotten a boyfriend), and you can take off the tin foil. Unless you're long REYN, in which case you're probably helping your Boomer stock oh-so-slightly, Randy. + +TL:DR: Securities Fraud requires fraud, which requires intent, so + +🚀🚀🚀🚀🚀 = fine + +💎🤲 = fine + +🌈🐻 = not just fine but necessary + +🦍🤲💪 = just good strong community bonding + +**Having a Gamestop badge and saying the stock is going to $420.69 = You might want to start practicing the doctrine of Shut The Fuck Up Fridays** + +Source: Skinny man with halitosis who claims he went to Cornell. I never bothered to do an educational background check on him, so he might have graduated from the same correspondence school that Saul Goodman went to. + +All my love, + +Chad Dickens +I work a standard 40 hour week in an office. 8-5 Monday to Friday. I'm not short on cash by any means and earn a decent enough wage, but I feel like I have a lot of spare time in the evenings that I could be using more constructively and maybe making a bit of extra money. + +I've tried googling things but all the suggestions don't really seem very suitable, especially living in the UK. + +So, what do you guys do? (If anything). + +Edit: Ok I'd like to clear some things up. I'm married, have a lovely home and a big bed that I share with my wife. I have hobbies and a campervan so I very much do take time to relax and enjoy my leisure time. We plan on having a family in the not-so-distant future so I just thought it might be a good idea to use a few hours of my spare time to prepare for that financially. +Not trying to start a political discussion, and this is not a periodical I read regularly. But it popped into my google news feed, and I must admit I found it quite thought-provoking. As in, here is what Bernie Sanders or Elizabeth Warren (or AOC or other populists) might think and say about the efforts we go to to retire FAT... + +[https://www.motherjones.com/politics/2021/09/america-spends-fortune-rich-retire-luxury-401k-iras-roth-subsidies-wealth-inequality/](https://www.motherjones.com/politics/2021/09/america-spends-fortune-rich-retire-luxury-401k-iras-roth-subsidies-wealth-inequality/) + +"America Is Spending a Fortune to Help Rich People Retire in Luxury +How federal programs conceived for ordinary families became a piggy bank for affluent boomers...." + +Not news, but a different world view and spin. It does require one to consider tax savings are seen by some as investments that are paid by other taxpayers, most of whom are less well off. My guess is most of us don't see it that way! Unlikely to drive future public policy changes, especially around retirement and taxes, but certainly could. Anyone worried about the pitchforks coming? What do you think? +Browsing by new this morning as I sip my coffee, there is an uncomfortable amount of people that seem to be rushing it, encouraging others to sell as that’s the ‘same’ as closing your account or transferring. DO NOT SELL YOUR SHARES!!!! This is **exactly** what the hedgies want. + +There is no urgency, remember how shills use that tactic? Just wait until we can chew up the new rule and spit it out. Wait until a reputable broker is found for our Europoor brothern. + +Remember, + + Apes together strong. + +Buy, Hold, Vote. + +Don’t let them off easy. + +Edit: + +Hello Shills, I see you spamming downvote. + May I direct your attention to the SEC’s [Whistleblower program](https://www.sec.gov/whistleblower) + +There’s millions waiting for you + +Edit 2: User Leaglese’s [Thoughts](https://www.reddit.com/r/Superstonk/comments/nahwr5/warning_ibkr_is_changing_its_terms_of_services_in/gxu681u/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3) + +Edit 3. [IBKR RESPONSE](https://www.reddit.com/r/Superstonk/comments/nalin2/for_uk_ibkr_confirms_positions_will_not_be_closed/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) + +Edit 4: I’d like to take a moment here and thank the mods and all my fellow members of Superstonk for shutting that FUD Down. This sub has come so far in such a short time and I’m proud of every single damn ape here. + +**APES TOGETHER STRONG** +Procter & Gamble + +“The commodity cost challenges we face this year will, obviously, be larger next fiscal year. We will offset a portion of this impact with price increases. Our Baby Care, Feminine Care, and Adult Incontinence businesses have announced price increases in the United States that would go into effect in mid-September. The exact timing and amount of increases vary by brand and sub-brand in the range of mid-to-high single digits.” + +Honeywell + +“And for us, inflation is taking hold. There is no doubt about it. We knew it. We see it, it's real. And if you don't stay on top of it, the two areas where -- and this is not a surprise. Steel, semiconductors, copper, ethylene, those are the four elements that we saw substantial inflation in Q1…. I don't think things are going to abate. The short cycle is definitely hard. We all read the same articles around semiconductors and what's going on there. And I think we're going to have to just stay ahead of it. But we do expect that inflationary environment this year and we're going to be to stay ahead of it.” + +Kimberly Clark + +“I'd like to start the call today with a few brief remarks. Our first quarter results and outlook have been impacted by supply chain disruption, faster-than-expected consumer tissue de-stocking, and a sharp rise in input costs. While I'm not pleased with the results and our outlook, we're taking decisive actions to manage through the short-term challenges we face.” + +Coca-Cola + +“… we're closely monitoring upward pressure in some inputs, such as high fructose corn syrup, PET, metals and other packaging materials as they impact us, as well as our bottling partners.” + +PepsiCo + +“In terms of '21, there is certainly higher input inflation, but it's been factored into the '21 guidance, notably in terms of agricultural and packaging. In addition to that, we have also factored in the higher freight and transportation costs that we're experiencing out there right now.” + +Nestle + +“I would like to caution against excessive margin growth expectations based on these strong sales growth. We now see broad-based inflation across our various commodities, packaging materials and transportation costs. Not all of these items can be hedged and our hedging cover for a number of commodities will run out over time. We are raising prices where appropriate, but usually there is a time lag associated with pricing.” + +Danone + +“When it comes to inflation, you're absolutely right to say that we have seen an accelerating inflation since the start of the year, which is impacting us, I would say, across the different ingredients, which is on milk, but also other dairy ingredients, on plastics, on sugar, but also, as I said, on logistics and transport. And we are reaching now a very strong mid-single digit level when it comes to inflation.” + +Boston Beer + +“On the freight, clearly, this is -- there's a factor that you probably have heard that on other calls in the industry. There's a real shortage of drivers and of trucks. So the ratio between available trucks and loads have significantly worsened. And that's what we see in the rate. To the point that we've broken it out really in the earnings release separately because the impact is significant. And it really depends, right. We have contracted rates, but then you don't get the truck and you have to go deeper into it. So we've seen the impact on multiple levels. One is the input costs are going up …it's coming into are our cost and materials and that's ingredients, the packaging materials. So we see it there.” + +Celanese + +“I mean, we're certainly feeling the inflationary factor. I think, the good news is, we anticipated this coming back in fourth quarter of last year already and started moving prices in engineered materials to reflect this, and of course, that price ultimately still gets reflected more quickly. So although it is an inflationary pressure, we've been able to push that through in our pricing and basically maintain the same level of variable margin.” + +Crown Holdings + +“…we thought it would be well to remind you that delivered aluminum in North America sits around $1.28 a pound versus $0.75 a pound last year at this time. So an increase of 70% and as we contractually pass through the LME and the delivery premium reported revenues will reflect both volume increases and the higher aluminum cost this year.” + +Steel Dynamics + +“Despite record first quarter 2021 shipments for our steel fabrication segment, first quarter operating income was $10 million compared to sequential fourth quarter earnings of $25 million. Lower earnings were the result of metal spread compression as higher average selling values were offset by significantly higher steel input costs.” + +Mattel + +“We're not going to talk about specific pricing actions or timing. But we are evaluating price adjustments for the recent increases in input costs and I would also want to point out that despite the cost inflation we're it seeing and the impact it's having on gross margin.” + +Whirlpool + +“So while the macroeconomic environment remains uncertain, we are confident that sustained strong consumer demand and our previously announced cost-based pricing actions will offset the impact of global supply constraints and rising input costs.” + +Snap-On + +“Look -- yes, well, look, we've got material inflation in these numbers. We can't see them, can you? Right. And so part of the thing is you got -- you kind of got an interesting cocktail of reduced travel, controlled costs, material inflation floating through this. And the general managers in our businesses are balancing all these, like balls in the air. And so yes, we might see some, but we're not -- at the same time, we can also price. And I think the tools group has got another price increase going out. They just announced in April, early April, they announced the price increase, so they're going to have one coming up.” + +GATX Corporation + +“…we buy cars both on the spot market and through our supply agreements that the majority of which is through the supply agreements. So certainly, the increased price of steel is increasing the cost of a car across the board.” + +Dover Corporation + +“I get it that the Fed doesn't want to recognize inflation, but there is inflation and it's not just a raw materials because raw materials are in the subcomponents that we buy from our vendors who are trying to pass along the same kind of price increases that goes into our bill of materials and everything else. And clearly at the assembly level on labor availability is becoming a problem and that is beginning to start to move up labor costs over time. So, it's now gone from, it's a capital good size that are buying a lot of raw materials now it's moving into the assembled components portions of the business that is going to have to accommodate that over the balance of the year. On top of that, as I mentioned before, logistics costs we ship a lot of product that's FOB, so we're not, it's more inbound logistics costs then it is outbound logistics costs. But freight costs are going up because you're going to add. I mean, God forbid, you have to air freight anything right now. It's a bit of a negative. + +Sonoco + +“Our Industrial segment was hit the hardest with price/cost challenges, due to the higher OCC costs internationally as well as higher-than-expected inflation and operating costs like energy and freight.” + +TE Connectivity + +“Certainly, we're feeling the biggest inflation right now is on the freight side. The freight inflation has been significant and as we battle through there and there's a variety of reasons for that, including higher air freights and so forth in terms of that and that's not unique to TE. Certainly, I think that's been -- is well publicized across the overall supply chain. We are -- as we move towards the second half of the year, we are seeing a little bit higher input costs, particularly with the resins and some of that pretty directly attributable to the weather issues that were in Texas here earlier this past quarter. And then, the copper prices as we've continued to monitor those, we've seen those creep up. In some cases, we have hedges in place in terms of how we hedge our metals cost.” + +Badger Meter + +“I mean even Just in the first quarter, we saw the input cost go from $3.60 to today $4.20 and that's after March having been a relatively favorable change that obviously has been erased here in the month of April. So I think it's what we've been saying all along in terms of the continued price focus and the opportunity and the market acceptance of being able to pass some of those increases through in today's dynamics and in today's environment. We're going to continue to do that, and we're going to do that to a degree that we're able to -- we believe we'll be able to offset the majority of the cost pressures. And I don't see that changing dramatically as we move forward.” +Octopus has announced that it will acquire Bulb. +This means that, subject to the deal receiving final approvals, and after a migration period, Bulb members will become part of Octopus. Read more on our blog: https://bulb.co.uk/blog/bulb-update-for-members +Bulb members don't need to take any action. Bulb will operate as usual until all customer accounts are transferred. There's no change to your supply, and your credit balance is protected. If you pay for your energy by top-up, your top-ups are working as normal. +Recently moved to a new apartment. I called to update my address using a welcome document from my landlord- zip code was incorrect by one digit. I remember the insurance rep wanting to clarify the correct zip code because it was showing the actual one when he entered it and I clearly remember saying “please go with (correct) zip code then.” I guess he entered the incorrect one that I pulled from my landlord’s document. Note the welcome document is not the lease, the lease has the actual zip code. + +So I got in an accident about a week later and my car was totaled. I owe $20,000 on it still. They are trying to FedEx me the title release and FedEx won’t deliver because the zip code is wrong. I call them to update the zip code with FedEx and they now tell me my insurance is void because my address was incorrect at time of accident. + +Wtf do I do?! +Real markets shut down trading if shit likke this happens, and if this is in fact a DDos or just a lack of willingnes to pay for proper servers and bandwith the trades should be null and void. + +If traders cant acess the site then anything that happens during that time cannot be counted. + +We expect answers.. +This is very tinfoil, but we love that shit right? The **TLDR is in the title**, the rest of the post is just all my circumstantial evidence backing it up. None of this is concrete because Archegos famously didn't ever report their positions and dealt mainly in swap positions which don't have to be reported so take all of this with a pinch of salt, but please be open minded. + +**/u/Blanderson_Snooper** is one of the best DD writers we have on this sub and they put together this [**Archegos Fact Sheet**](https://reddit.com/r/Superstonk/comments/vhnc86/archegos_fact_sheet_what_we_know_and_how_it/) 3 months ago which goes into great detail about the situation if you have a chance to go through it. There have been tons of posts on Archegos and **I love each ape digging into all of this** because I know how time consuming it is. + +*** +*** + +#The basics of the Archegos situation + +Most of you will probably know the basics of the Archegos situation by now but for any new apes here's a brief summary: + +- It was run by Bill Hwang who was one of the shadiest fuckers to have ever traded. He's been fined by the SEC for insider trading, banned from trading in Hong Kong and was blacklisted by Goldman Sachs until some time around 2018. + +- Archegos went from having $1.5 billion in value in March 2020 to $36 billion in value in March 2021 (when it went under). That's a 2400% return in one year, which is unheard of unless you use a lot of crime. + +- They mainly operated using swaps ($132 billion out of $160 billion of exposure was due to various swap positions) + +- They used multiple different counterparties for these swaps including Credit Suisse, Nomura, UBS, Morgan Stanley, Mitsubishi UFJ Group, Mizuho, Deutsche, Wells Fargo and Goldman Sachs. Apparently Archegos kept each of their counter parties in the dark about the positions held with their other counter parties and lied constantly about the level exposure they had. + +- Starting on March 23 2021, Archegos' long positions began losing value; Archegos went from being worth $36.2 billion on March 22 to $9.2 billion on March 25. This triggered a lot of margin calls and consequently Archegos' counterparties liquidated their positions to cover these losses. This was the end for Archegos as all remaining value was wiped out. + +- Archegos' counterparties collectively lost over $10 billion from all of this, breakdown shown [**here**](https://i.imgur.com/n4V4B32.png) + +*** +*** + +#My theory + +Archegos and the people who ran it have been slated for their downfall saying they took excessive risks using too much margin and set themselves up to fail. An article came out called *"The Dumbest Financial Story of 2021 - Everyone involved in the swift fall of Archegos Capital Management should be embarrassed"*. + +**But here's my thesis:** Archegos wasn't destroyed due to their own incompetence, their long positions were maliciously attacked by the DTCC because Archegos went long on GME and had been trying to fuck up Shitadel's shorting mess with Gamestop. + +One thing I want to cover before we look into Archegos in detail is **what the DTCC actually is**. + +*** +*** + +#The DTCC Mafia + +The DTCC was designed to provide clearing services for the US markets, making sure money gets from buyers to sellers and stocks and other assets get from sellers to buyers. But **the DTCC isn't a government organization**, it's made up of 235 individual US companies and the board is made up of 22 individuals who work for companies like Citadel, Citigroup, J.P. Morgan, Goldman Sachs, Morgan Stanley, Virtu, Merrill Lynch, BNP Paribas etc. You can find the full DTCC members list [**on this directory**](https://www.dtcc.com/client-center/dtc-directories). + +The DTCC has [**sets of rules**](https://www.dtcc.com/legal/rules-and-procedures) their members have to follow to be a member, and one important bit for us is [**this bit**](https://i.imgur.com/84xkMFR.png). This basically means that if any DTCC member has an "Event Period" which is a Default Loss Event then all the other members of the DTCC have to cover the losses of the defaulting member. So for example, if Citadel (a DTCC member) created hundreds of millions or even billions of extra GME shares that shouldn't exist and those shares go up in value causing Citadel to be margin called beyond their means, then all of the other 234 DTCC members (including all the major banks) have to cover the cost of buying back all of Citadel's naked shorts. Remember **shorting has potentially unlimited loss**. + +So the fuckups of one DTCC member are carried by all members, and that means I don't even see companies like Bank of America, Goldman Sachs, Morgan Stanley, Citadel, Virtu, Robinhood or any DTCC member as separate entities anymore. To me they all make up the single corrupt entity known as the DTCC, who will happily commit international securities fraud to buy themselves one extra day of survival. + +Citadel might be the main market maker churning out fake GME tokens everyday, but it's in all of the DTCC member's interests that Citadel doesn't get margin called. It's a fucking mafia, they'll put anyone in the ground that tries to fuck with them, which in my opinion is exactly what they all did to Archegos. + +I hope you're ready to come down a pretty fucked up rabbit hole with me. + +*** +*** + +#What SPECIFICALLY caused Archegos blow up? + +The SEC complaint against Archegos shows that [**these**](https://imgur.com/a/rIFDuJn) were their largest positions (The ones with ADR are Chinese companies traded on US exchanges). Multiple sources say that these positions are what caused Archegos to get margin called when they all started losing value on March 23. On March 26 Goldman Sachs and Morgan Stanley (aka The DTCC) started liquidating Archegos' remaining positions, but that liquidation isn't what caused them to all dramatically lose value, they all spontaneously lost about 30% of value which caused the margin calls. + +I'm going to look at 6 of Archegos' largest positions: VIAC, BIDU, TME, GSX, VIPS & DISCA. If we look at a long term view of these 6 stocks [**it looks like this**](https://i.imgur.com/8CndJab.png) and they all show the same trend; they all get inflated in price at the start of 2021 and then have a dramatic drop in March 2021. These almost look like short squeezes, but we know now that Archegos was artificially inflating the prices of these stocks. Let's take a closer look at those drops and how similar they all look. + +This is how all of those 6 stocks looked from March 15 to March 30 2021 (excuse my shitty MS Paint skills): + +[**BIDU chart**](https://i.imgur.com/0tNb25r.png) | [**BIDU with annotations**](https://i.imgur.com/0UZUmCK.png) + +[**DISCA chart**](https://i.imgur.com/Wfhl1dE.png) | [**DISCA with annotations**](https://i.imgur.com/82JprVK.png) + +[**GSX chart**](https://i.imgur.com/c9OLquf.png) | [**GSX with annotations**](https://i.imgur.com/t4pZVqr.png) + +(This ticker was called **GOTU** back then) + +[**TME chart**](https://i.imgur.com/2bp6tWY.png) | [**TME with annotations**](https://i.imgur.com/xfzNE1y.png) + +[**VIAC chart**](https://i.imgur.com/GrEWHvD.png) | [**VIAC with annotations**](https://i.imgur.com/TZDaBIs.png) + +[**VIPS chart**](https://i.imgur.com/tL2CLHy.png) | [**VIPS with annotations**](https://i.imgur.com/AFs7lAo.png) + +Hwang on a minute, so these 6 unrelated stocks all saw at least a 26.3% price drop and a day where at least 21% of total outstanding shares got traded? Those are GME levels of fuckery. + +*** +*** + +#Articles explaining the price drops + +I'm now gonna utilize my epic google skills to find any publicly available reasons those companies dropped in price between March 22 - March 25. + +- **VIAC** and **DISCA** are covered by this [**Motley Fool article**](https://web.archive.org/web/20220421145109/https://www.fool.com/investing/2021/03/26/why-discovery-communications-stock-plunged-today/): + +> Trading volume on Discovery stock was extraordinarily high today, approaching 50 million shares before 2 p.m. EDT. This indicates that an institutional investor may have decided to sell some of its stake in the media company. + +> **ViacomCBS shares fell, in part because of a downgrade from Wells Fargo** + +They're putting a 32% drop in **VIAC**'s price partially down to Wells Fargo (a DTCC member) downgrading their rating of the stock. + +> As the chart below shows, Discovery has moved almost perfectly in tandem with ViacomCBS as excitement about the companies' new streaming services fueled a bullish narrative. However, those gains are quickly disappearing as **investors seem to realize that streaming services alone don't justify a tripling of the share price in just a few months.** + +Try and get your head around that statement; investors in the stock **DISCA** realized their investment was overpriced so they decided to sell en masse? What? *"Let's just all shoot ourselves in the foot and burn some of our assets"* because that makes perfect sense. Just utter bullshit like we see with GME, I'm honestly surprised they didn't say DISCA fell in sympathy with VIAC. + +[**One more article on VIAC**](https://web.archive.org/web/20220324075044/https://www.nytimes.com/2021/03/26/business/media/viacomcbs-stock-price-viac.html) mentions another low stock rating by "one of Wall Street’s most influential research firms", MoffettNathanson, and goes into a stock offering VIAC had just announced. + +> Mar. 24, 2021-- ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced the pricing of concurrent offerings (the “Offerings”) of 20,000,000 shares of its Class B common stock, par value $0.001 per share (“Class B common stock”), at a price to the public of $85.00 per share + +So here's something I didn't know about stock offerings, the company's underwriters decide what price the new stock goes on sale for and in this case the stock went onto the market 14.3% cheaper than its previously traded price. Let's take a look at who VIAC's underwriters are [**here**](https://i.imgur.com/N2FA24u.png). Other than a few smaller firms that's a majority of big DTCC companies. The article above shows that VIAC dipped slightly because the stock offering price suggested it was overvalued, so the DTCC helped cause this dip. + +- **BIDU** and **TME** are covered by this [**Motley Fool article released March 25 2021**](https://web.archive.org/web/20220915015245/https://www.fool.com/investing/2021/03/25/why-baidu-stock-fell-today/) says: + +> Shares of Baidu Inc. plummeted today as investors feared that the China-based tech giant may receive increased oversight from Chinese regulators, in addition to threats from the U.S. about potential delistings of foreign stocks. The tech stock fell by 13.4% today. + +And this [**BBC article**](https://web.archive.org/web/20220720121521/https://www.bbc.co.uk/news/business-56410769) says: + +> China's State Administration for Market Regulation (SAMR) on Friday said it had fined 12 companies over 10 deals that violated anti-monopoly rules. The companies included Tencent, Baidu, Didi Chuxing, SoftBank and a ByteDance-backed firm, the SAMR said in a statement. Investors appear to be worried that Tencent could be the next company in the crosshairs of China's regulators, who have taken an increasing interest in how major tech companies operate. + +Alright, increased regulation on a stock is bearish but is it enough to warrant a 30% drop in price? I'll let you decide that one. + +- **VIPS** and **GSX** are covered in [**this CNBC article**](https://web.archive.org/web/20210728044800/https://www.cnbc.com/2021/03/26/china-listed-stocks-tank-on-fears-of-multiple-disputes-with-us.html) which again goes onto additional regulations on Chinese listed stocks. Bear in mind that these are only potential worries at this point and yet it was enough to drop VIPS 33.7% and GSX 29.5% in 4 days. Over-reaction much? + +#Summary + +These 6 stocks fell considerably either because they were downgraded by the DTCC, were affected by fears of further regulation for Chinese stocks or everyone just decided to sell at the same time. I'm smelling a lot of BS. All 6 stocks moved in the same pattern, had days of ridiculously high volume and all did so by March 26 where they'd lost considerable value. I'm just gonna say this bluntly: I believe these 6 stocks were shorted to hell during these 4 days just like we've seen with GME. + +*** +*** + +#March 26 Margin Calls + +[**This article**](https://web.archive.org/web/20220901203344/https://slate.com/business/2021/03/archegos-capital-management-dumbest-financial-story-2021.html) mentions Archegos' margin calls: + +> When someone trades on margin—with borrowed money—they may have to maintain a certain amount of collateral to satisfy their lenders. If the value of a stock holding goes down, the investor needs more collateral. Not having it triggers a margin call, where the lender can force a sell-off of the stock to bring the investor back into compliance with margin requirements. The Wall Street Journal reported that Archegos’ various banks—including Credit Suisse, Nomura, Goldman Sachs, and Morgan Stanley—had a meeting to discuss how to effectively wind down the family office’s positions. **But the two American banks appear to have had little interest in acting slowly. Goldman and Morgan Stanley limited their losses by selling Archegos’ shares quickly**, before the size of the sale brought on a larger fall in the stocks’ prices. + +Does anyone else find it interesting that Goldman & MS didn't want to wait and talk this out with the other banks or with Archegos? They went straight in with the kill and began liquidating Archegos' positions on March 26. Yes their reasoning was fine, that they didn't want to lose more money from Archegos' falling stocks, but as you saw in the previous section I believe these central DTCC banks could have been partially responsible for the drop in those stocks in the first place. + +If you're not a DTCC member and the DTCC margin calls you it'll happen faster than it should happen, which is a bit different from what happens [**when you're a DTCC member and get margin called by the DTCC**](https://i.imgur.com/NH3fIGb.png). Remember the DTCC waived $9.7B spread out among 6 firms on Jan 28, 2021 ([**exposed on PG.101 Maxine's Report**](https://i.imgur.com/SAySuOT.png)), Robinhood's waiver was $2.2B of the $9.7B. + +So why would 2 DTCC banks who were members of the board want to destroy Archegos? Let's go deeper down the rabbit hole. + +*** +*** + +#March 10 2021 + +For many apes this will be remembered as one of the craziest days of the whole GME saga. GME dropped from $340 to $180 in a flash crash, there were allegations of MarketWatch releasing news of a price drop before it happened and strangest of all [**this battle took place between 2 high frequency trading algorithms**](https://i.imgur.com/gfSO618.jpg) (sorry for the blurry pic, I don't have a clearer one). That bar coding constantly changing the price from $240 to $340 is not fucking normal, stock prices aren't supposed to move that dramatically in single minute bars like that. Clearly 2 very powerful companies had a disagreement on where the price should be, I think we all know Citadel & their pals at the DTCC were the shorts and I believe now that Archegos was the "good whale" who tried to keep the price up at $340. + +March 10 was a significant day for GME shorts because [**March 11**](https://i.imgur.com/sd7CYjh.png) was the roll date for swaps. Whatever price securities closed at on March 10 would determine how much SHFs would have to pay to keep their swap positions open, and considering Jan 21 saw 1 billion more GME shares traded than normal (pre split), that's a lot of swaps they had to roll. If the price closed at $340 on March 10 instead of the $265 it did close at then it could have cost Citadel hundreds of billions more to roll the swaps. + +Do I have any evidence that was Archegos? Nope, none at all, but I find it oddly fitting that just 2 weeks later DTCC members seemed to collude to put Archegos into the ground on March 26. + +[**This comment screenshot**](https://i.redd.it/jzz8fzxp3xp91.jpg) goes into how lawyers were present on all calls between Archegos' brokers and everyone was told not to disclose Archegos' positions. Maybe that's standard procedure or maybe it was extra protection to hide the fact they had been involved with GME? News of Archegos' demise made the main shill news outlets within days of their blow up and the only thing blamed were those 8 largest positions linked before, but as Blanderson_Snooper pointed out their total exposure was like this: + +- $86 billion in long TRS positions referencing single securities + +- $32 billion in custom basket swaps + +- $14 billion in ETF swaps + +- $20 billion in long cash securities + +- $8 billion in short swaps referencing single securities + +It was all clearly more than just 8 positions, and yet MSM shills controlled the narrative to make it just about those 8. And yes that was what caused the margin calls, but it seems like great effort was made to not release *all* of the positions. I would bet $1 million (aka 0.01 of a GME share) that Archegos was long on GME by the time they went under. + +Archegos did apparently lose $800M on Jan 28 and Blanderson_snooper said that might suggest they were short on meme stocks, but the SP500 took a battering that day (likely Ken liquidating long positions to pay for GME naked shorting) so even if you were long on a lot of blue chip stocks you would have been burned. It was said that Archegos was long on some index swaps like the SP500, so this could still add up. + +I think Hwang would have known what was going on during the Jan sneeze, that Citadel was printing hundreds of millions of GME shares to give to Melvin & other SHFs so they could close their shorts and in doing so Citadel took on the short positions which they shoved into swaps. Hwang played with all these same instruments and would have seen the insane activity in ETFs containing GME and all the DOOMPs and other derivatives used to pull GME shares out of think air. I think he could have seen an opportunity during Feb 21 when the price was low again to go long on GME and make a fortune squeezing Citadel. If so, he took the gamble and lost and was burned to ashes. I hope this is all true and he comes out and says it one day, because that would irrefutably prove Citadel & the DTCC are guilty of exactly what Bill Hwang is on trial for now. + +*** +*** + +#Fallout + +Bill Hwang was arrested this year and is facing up to 380 years in prison, but in my opinion this isn't only justice being served, it's a warning from the DTCC for everyone else to stay in line. Trillions of dollars were lost in 2008 from agencies rigging mortgage ratings and no one was blamed, and yet Hwang cost a small number of banks $10B and he's made out to be the worst villain ever? It's like DFV said about Gamestop, *"The negative sentiment is just too high"*. But if this is a message to tell others not to go long on GME using dirty swap plays, then I understand them going so hard on Hwang. + +And to me that's why RC is playing 5D chess doing this slow and steady without directly provoking the mafia. Citadel is destroying themselves by delaying this each day. Whether it's DRS that finally triggers the MOASS or an epic market crash, MOASS is inevitable however you look at it. Swaps hide the crime but don't make institutions immune to standard market movements like we saw with Archegos. So there's no way out for Ken. Is he going to suppress Gamestop for another decade? What if they eventually get to $100b profit in a quarter, will BoA up their price target from $20 to $25? It's over mayoman and we all want to see you go down for 380 years too. + +*** +*** + +Let me know your thoughts on Archegos being long GME, I know it's tinfoil but if there are other places to try and back up the theory I'll definitely do more digging. + +#Thanks for reading +I've listened to the marketplace podcast, and I think podcasts are a good use of time while walking to various places. Do you guys know of any good ones that talk about the markets/stocks ect? +Can anyone explain why there aren't more corporations owning single family homes? It seems like virtually every other source of a product or service is derived from a corporation. + +This article explains that private equity firms did invest heavily in SFH's during the crash, but purports that activity largely stopped with the rebound in prices. Is it just that SFH's are simply bad investments (i.e. overinflated prices for poor returns), or that individuals can tap loans for SFH's far more readily than corporations as a matter of government policy? If so, does it mean that individuals, in general, are poorly allocating their capital given a corporation wouldn't do the same given the opportunity? + + [https://www.dai](https://www.dailynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/)[lynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/](https://www.dailynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/) + +Moreover, we all know of multiple strategies to find "good deals," such as BRRR, seek out bargains at auctions, seek out LCOL areas. The numbers that multiple posters report bear out that the returns are attractive. Why don't we ever find ourselves bidding against some corporate entity at those courthouse steps? +Revised September 6, 2020 + +&#x200B; + +Occasionally people ask how these loans work. With that in mind: from the Canadian prairie on a beautiful day in July, (updated in lovely September) to you, I offer my thoughts on understanding margin math. + +&#x200B; + +I begin with an excursis into what I think is a smarter way to trade than long stock on margin, and then proceed into the margin discussion: + +\*\*\*\*\*\* + +&#x200B; + +**Note: I believe that especially for small retail speculators/investors who are looking to grow their account (and even large ones), exchange-listed options offer vastly superior leveraged trading and investing, as compared to traditional margin accounts. With call and put options you can get substantial, sometimes tremendous leverage, and yet with an absolute limit on your risk, because you are limited in risk to what you paid for your option. Long calls and puts are also TFSA and RRSP-compatible.** + +&#x200B; + +**Option trading in the TFSA can be amazingly worthwhile, because you get extreme leverage, with absolute limitation on losses....and it's 100% tax-free.** + +&#x200B; + +**You can buy these contracts on about the top 25% of the TSX-listed companies, by market cap, on the Montreal Exchange. In addition to that you can buy options on sector and index ETFs, furthermore, the U.S. offers thousands of options on stocks and ETFs also, on the Chicago Board Options Exchange and a number of other exchanges in the U.S.. Any Canadian brokerage gives you access to the Canadian and U.S. exchanges.** + +&#x200B; + +**Continental Europe also offers tremendous option trading, as these contracts are apparently popular over there with investors. You can access the Continental European markets with Interactive Brokers Canada, as AFAIK all of the other brokers only offer the Canadian and U.S. markets.** + +&#x200B; + +**See the Montreal Exchange Equity Options Reference Manual for details.** + +&#x200B; + +\*\*\*\*\*\* + +&#x200B; + +First, if you're from the U.S.: I'm doing this from a Canadian perspective which means I'm ignoring the Regulation T, special memorandum account, overnight maintenance requirement, and initial margin, because all of those are concepts that have no equivalent or application in Canada. But the basics are the same. You can ignore all of those concepts because they have no bearing on how margin actually works. Those concepts are simply restrictions in how you can use margin and as a practical matter they're not onorous restrictions. + +&#x200B; + +I'm also ignoring U.S. risk-based "portfolio margin" because that's a specialized, alternative margin system some brokers offer in the U.S., that we don't have in Canada. We have traditional, rules-based margin that hasn't changed in Canada in 100+ years. + +&#x200B; + +Note: If you are a Canadian resident buying U.S. stock in Canada you still fall under the Canadian rules for margin. + +&#x200B; + +Margin in Canada hasn't really changed since the 1900's, except you have to put up at least 30% nowadays instead of 10% as it was back before the crash of 1929. Basically that's the only thing that's changed. + +&#x200B; + +In Canada you can borrow up to 70% of a position at once for most stocks. This means that if you want to buy $10,000 worth of RBC or Apple, you only have to put up $3,000 and your broker lends you the rest. + +&#x200B; + +Margin was first developed in the Netherlands which basically invented the modern financial system we have today in the West, back in the 1600s. The Dutch East India corporation (ticker VOC) was at one point 20% of the world's total commerce. That would be like a company in 2020 grossing about 16 trillion US a year. By comparison Apple brings in about one half of one percent of that. The Amsterdam stock market developed just to trade VOC and other shares and related securities. + +&#x200B; + +Seein the success of their Continental rivals, the British copied the Dutch and for a long time, until after the Battle of Waterloo, the western world had two rival financial capitals, London, and Amsterdam. For various historical reasons, Amsterdam got pushed out of the picture and for about 100 years the City of London (which is what the financial district in London is called) was the financial capital of the west. They of course now share that crown with New York City. + +&#x200B; + +But it's really the Dutch who started it all, around the time of Vermeer. + +&#x200B; + +\*\*\* + +&#x200B; + +The concept is that the bank (or broker) will lend against some of your stock, but not all of it. They want a "haircut." The haircut is the amount they won't lend against. In Canada the haircut is usually 30% but can be 50% and there are some stocks the banks won't lend against at all, like most of the stuff on the TSX-V or on the U.S. pink sheets. Every bank is different, so BMO InvestorLine might want 50% on one company and Interactive Brokers Canada might want 30% or vice versa for another. But most things are 30%, some are 50% and some are 100% (meaning no loan). + +&#x200B; + +The maximum available leverage is 1/haircut. + +&#x200B; + +If the haircut is 30% as is typical in Canada, the bank will let you buy up to 1/0.3 = 3 1/3 as much as your cash, meaning, you can borrow up to 2 1/3 dollars for every dollar you put up. That's the limit. But: + +&#x200B; + +So say you have $3,000 and you want to buy on margin. As the bank haircut (margin rate) is 30%, you can buy $3,000/0.3 = $10,000 worth of stock. Obviously you then have a loan of $7,000. + +&#x200B; + +You now have $10,000 worth of stock, but remember, the bank won't let you borrow against 30%\*$10,000 = $3,000. So your collateral is only $7,000. So you now have a $7,000 loan collateralized by $7,000 worth of stock. + +&#x200B; + +In the above example, you put up 30% margin, the same as the haircut. + +&#x200B; + +It's easy to see that if your total position slides so much as a dollar, you will have less collateral than $7,000 and therefore get what's called a "margin call" where they will tell you that you have to put up more money in a few hours or sell stock (which automatically pays down the loan to the extent of the sale) so that you have enough collateral to cover your loan, otherwise they will automatically sell a stock of their choosing at an amount of their choosing. + +&#x200B; + +They are also allowed to sell whichever stock they choose automatically without calling you first, in the event of a margin call. **That is explicitly set out in your margin agreement.** + +&#x200B; + +There have been at least two challenges to that in the Ontario courts in the last 20 years or so, where the former client argued that the bank sold their shares out without first advising them, or, in one of the court cases, after promising to hold off so that the client could put up money, and then reneging on that and selling the client's stock anyway. + +&#x200B; + +The court in both cases sided with the bank. The margin is for real, not negotiable, it is there to protect the bank and the other client's capital, and the words "the bank can sell at any time and without prior notice" mean what they say they mean. If you get sold out at a loss, don't expect the courts to give you redress. + +&#x200B; + +So obviously you need some "buffer" because of volatility, but how much do you borrow? + +&#x200B; + +Now you have to understand some more math. + +&#x200B; + +target margin = 1-(1-x)\*(1-haircut) + +x is the price drawdown + +target margin is how much margin you have to put up. + +&#x200B; + +Say Apple is marginable at 30% (the haircut) by your bank. You decide you want to borrow on margin. But you decide, "I will allow Apple to slide 40% from what I buy it at before I get a margin call." So how much margin should you put up? + +&#x200B; + +target margin = 1-(1-0.4)\*(1-0.3) = 1-0.6\*0.7 = 1-0.42 = 0.58. + +&#x200B; + +So you have to put up 58% margin. + +&#x200B; + +That means if you have $3,000 to invest, you would buy $3,000/0.58 = $5,172 worth of Apple. If Apple is trading at $350 that means it can slide to $210 before you get a margin call. At which point you will have lost 0.4/0.58 = 68.9% of your money. (Remember, leverage is simply 1/margin.) + +&#x200B; + +You can convince yourself by working through it as a check. + +&#x200B; + +In the example, as you had $3,000 and you margined that at 58%, you bought $3,000/0.58 = $,5172 worth of stock. Obviously your equity at the time of purchase was be $3,000 because you owned $5,172 worth of stock and owed the bank $2,172. Because of the haircut, 0.3\*$5,172 = $1,551 could not be used as collateral. + +&#x200B; + +Then the stock slid 40%, from $350 to $210, so your total stock position was then (1-0.4)\*$5,172 = $3,103. Of course, you still owed the bank $2,172. But remember, not all of the $3,103 was available be used as collateral, only 70% (meaning, 1-haircut) of that. + +&#x200B; + +So at $210 your collateral was (1-0.3)\*$3,103 = $2,172, exactly the same as the loan amount. $210 was, therefore, the lowest price at which you still have sufficient collateral. Anything less and you would have received a margin call or the bank would simply have automatically sold stock, depending on how they saw the risk. + +&#x200B; + +Key takeaway here is that the haircut is 30%, meaning that 30% of your stock cannot be used as collateral, which mathematically also means that your account equity/total amount of stock = (total amount of stock-loan)/(total amount of stock) has to stay at or above 30%. You're putting up 58%, meaning you're borrowing 1/0.58 - 1 = 72 cents from the bank for every dollar of your own money that you put up. + +&#x200B; + +The formula above is simply a rearrangement using basic algebra, of the basic margin equation which is: + +&#x200B; + +**price at margin call = initial price of stock\*(1-target margin)/(1-haircut)** + +&#x200B; + +&#x200B; + +Whatever you do, make sure you are maxing out your TFSA or possibly RRSP or possibly both before you use margin, or only contribute a small amount of capital to a margin account and make sure your TFSA or RRSP is your main stock investment vehicle. **Do not put up your TFSA as collateral on a margin account.** You could end up getting a margin call, then the broker transfers the TFSA over to the margin account, but then the stock market slides again and now your TFSA is wiped out along with your margin account. Questrade offers this and I think it's an absolutely terrible idea. Frankly I think the CRA should disallow it. Notice how none of the banks offer this. + +&#x200B; + +Also have a plan for a margin call. You will get a margin call at some point. One good plan is simply to sell enough stock to pay off the margin loan and then re-enter margin when conditions warrant. It makes absolutely no sense to have cash lying around to meet a margin call. Why not just invest the cash and not use margin. The old adage is, "Never meet a margin call" and I think that's good advice. If the bank gives you to choice of either putting in more money in or selling, then sell. + +&#x200B; + +To me there are only 3 reasons you would use a margin account: + +&#x200B; + +* You have a large account in a diversified stock portfolio and you want to borrow against say 5% of that to go and buy a car, renovate your house, pursue an investment other than securities; +* You are consistently good at beating the stock market by a significant amount, and you have maxed out or at least significantly contributed to a TFSA or RRSP or have other wealth-generating property, you have a well-thought out plan that you commit to, that governs your trading decisions, how much you will borrow, and what you will do in the event of a margin call; +* You are executing certain trades that require a margin account; for example, options spreads, short selling stocks or commodity futures trades. + +&#x200B; + +To me the following are bad reasons to trade on margin: + +&#x200B; + +* It looks like a way to make even more money in stocks, even though you don't know how to make money in stocks; +* You are a diversified "Canadian Couch Potato" -style investor getting more or less average returns and you realize that you can buy stock get a 5% dividend yield and pay 4% pre-tax on margin money, so you decide to be a margined "couch potato." + +&#x200B; + +Margined investing = active investing = checking your positions at least daily and following a trading plan. + +&#x200B; + +Finally, the average investor working with average capital should always, always, make the TFSA their #1 priority. The TFSA is truly a gem. When I was in my 20's back in the 90's, the only tax shelters for the average Canadian were the sale of their primary residence and the RRSP, the latter which is a deferral and a deduction but not an outright break the way the TFSA is. + +&#x200B; + +The TFSA offers leverage effectively equal to the capital gains inclusion rate \* your average taxation rate, and yet without a margin call and at zero percent and it doesn't even magnify your losses. No margin account can match that. + +&#x200B; + +Some investors don't believe in margin at all. Like Warren Buffett, who said in a 2018 CNBC interview, "It's crazy to borrow against securities." (Note he said borrowing against stocks, not borrowing to buy stocks.) But he is right in saying that the bad thing about margin is that it gives you limited additional potential upside but at the cost of great potential downside. + +&#x200B; + +**Understand the risks. Read your margin agreement. Consider even meeting with a securities lawyer who can explain the agreement to you.** + +&#x200B; + +The post here was to explain how to do the calculations for this popular and important financial tool as there is a lot of misinformation out there on the subject, make some suggestions on how you can use it as a part of your overall portfolio, and give my opinions on how one might do that. + +&#x200B; + +Whichever road or roads you take, good investing. + +&#x200B; + +For more details on the TFSA and its contribution rules, see [https://www.reddit.com/r/CanadianInvestor/comments/hcy9r9/how\_the\_tfsa\_works/](https://www.reddit.com/r/CanadianInvestor/comments/hcy9r9/how_the_tfsa_works/) + +&#x200B; + +&#x200B; +I'm coming up to the end of year one of three for my HL fixed rate and was thinking about choices that were made that have saved me over the last year. + +The main one I'm happy with is fixing my electricity at 96.8(c/day) and 16.799 (c/kWh) till the end of next year. + +What have you done this year to reduce household expenses / tips that could help others? +I'm happy not just because it gives real meaning to the use of the word autist on this and the 'other' bets sub but because it helps to destigmatize Autism, Aspergers and things like ADHD. + +I hope it inspires those of you who live with a neurological disorder. You too can be successful, despite your quirks. +Hey fucko's, given its the weekend here is a discussion post on something that pops up on our Sub fairly frequently. + +&#x200B; + +When I read through all various posts and comments, it's fairly clear that we have a distinct for and against mentality towards Technical Analysis. + +Some swear by it, some call it all astrology and voodoo nonsense. + +I am interested to look at why.... + +&#x200B; + +**FOR:** + +&#x200B; + +Those in the **FOR** camp should see TA as a necessary and valuable aid in maximizing profits. + +In theory, they understand that TA is not necessarily the ability to predict the future, but rather an increased advantage on extrapolating future events from past ones. + +At its core, TA is about the behaviour of people. I genuinely think the biggest misconception is that TA is about price, but it is not. + +It is about volume, which is why OBV (on balance volume) is one of the key indicators. Volume is the key indicator of buyers and sellers emotional relationship to a ticker and therefore the basis of charting movement an patterns. + +However you slice it, there is a huge amount of data and research into charting patterns and the repeatability of those patterns. Whether the data is accurate or not depends largely on your ability to draw conclusion from it, which in turn depends largely on your ability to make sense of it. + +Learning about resistance, support, charting patterns, volume indicators, moving averages, reversal trends, buy/sell signals etc etc does take effort and time. + +Those willing to invest the time increase their knowledge base of market movements, which in turn promotes a greater understanding and awareness of cyclic sector rotation because the more you learn the more you begin to see the patterns developing. + +This in turn gives you a greater advantage in successfully identifying and trading your selections for a larger profit. + +&#x200B; + +**AGAINST:** + +Quite often the against argument is supported by people in the **FOR** who claim TA to be something its not. + +Chartists and TA traders can be their own worst enemy, creating indicators that don't exist to support their own conclusions, reading too heavily into nuanced factors and predicting from them or just lacking the ability to admit they got something completely wrong. + +TA is also no guarantee of anything. You can spend a lot of essentially redundant time chasing breakouts, waiting for something the indicators say will happen or going round in circles. + +TA can have a completely disconnected relationship to the actual stonk and the fundamentals, often flying in the face of good fundamental analysis. + +TA can lead you to make a lot of arrogant assumptions, therefore being a highly subjective method of trading. + +TA can encourage you to be wholly dependent on the charts only, ignoring many other key factors. + +&#x200B; + +&#x200B; + +**MY PERSONAL VIEW:** + +I am in the **FOR** camp regarding TA. + +For me, its about Decreasing risk and creating more opportunities. + +I think that a good trading and investing strategy encompasses a wholistic approach, to ignore one aspect of what you do leaves you vulnerable to making too many mistakes. + +TA should support FA and vice versa. + +Effective OBV scanning, identifying charts and stonks that look good from a technical point of view, exploring the Fundamentals thoroughly as to how that company has arrived at this point, making a yes/no decision then identifying a good entry point to buy and hold long term with high conviction, identifying rallies and re-tracings events as places to sell or accumulate has been by far and away the most profitable strategy for me. + +&#x200B; + +**FINAL THOUGHT:** + +&#x200B; + +Can you successfully trade of FA only? + +Absolutely + +Can you successfully trade of TA only? + +Yes, although in my view this is harder to achieve. + +&#x200B; + +&#x200B; + +**TLDR:** + +I think TA is a relevant and useful part of profitable trading and investing. + +Also, I wrote this sporadically through the week with a view towards posting today, so yes I am actually doing other shit with my weekend besides hitting up r/ASX_Bets or hitting refresh.... +The Splividend multiplied the number of phantom shares created over the course of a decade by four, which is causing all kinds of pain. We can see it in how bone fucking dry trading has become, where instead of trading roughly four times as many shares daily, we just had the driest week EVER. But the Splividend will hurt the opposition the worst when it comes to the Infinity Pool. + + +Imagine for a second that the Shorts had only created an additional synthetic share for each share in existence. Technically they only need to buy back every share, and then they can close their short positions. This is already almost impossible, because us diamond hands have locked away half of the float already. But if people want to sell shares during the MOASS, it's technically on paper POSSIBLE for them to close, which means with the application of CRIME, there's room to wiggle out. + + +Now multiply everyone's shares by four. + + +If every ape sold half their shares at this point, that puts the Shorts right where they are, right now. Still a literal impossibility, except AFTER we've already cleaned them out. No amount of insiders selling will save them, no amount of crime will be enough. It will be clear to the world that even after millions of shorts have been closed that they STILL have open short positions that CANNOT be closed. + + +The Infinity Pool is going to cause a real problem, and the exposure and pain is going to hurt the DTCC a lot. It will be all of the legal leverage that GameStop needs to force the DTCC to allow them to withdraw their securities to issue on, oh I don't know, let's say a brand new NFT-backed platform. + + +Because the splividend virtually GUARANTEES the Infinity Pool comes into reality. It's going to PROVE that the DTCC has been treating ownership as fractional reserve banking and skimming off the top. The Infinity Pool is the only way to PROVE that the DTCC is not capable of distributing stock certificates, and proving that will make a new platform on a distributed ledger very appealing to other companies drowning in phantom shares... Perhaps enough of them that a new business could be carved out from that platform, which would be issued to everyone who held shares through and after the MOASS. + + +Really try to picture this for a moment: A new, fair stock exchange on a publicly distributed ledger is built, and the owners of that stock exchange are exclusively apes who held through the MOASS. People who are willing to hodl for the principle of it through the greatest transfer of wealth of all time. People who are incorruptible. Can you imagine the change that could take place, with us apes as the exclusive shareholders of a brand new free and fair market? + + +**TL;DR: I believe the carve out for a new trading platform is coming, but AFTER the MOASS. Which means, only the hardest hodling apes would be the stockholders of the new market, right at the time that EVERY OTHER COMPANY is discovering how much the DTCC has been fucking them by allowing naked shorts to skim off the top. This is made possible by ensuring even the X apes have shares to sell during the MOASS and shares to hold after. + + +Also, shorts are fucked, DRS is the way, and change is coming.** + + +Good luck out there, apes, and stay zen. +Just moved into a new rental apartment on 06/01 in a suburb of Boston, MA. While on vacation last weekend, I received an email from my landlord's agent saying I needed to have the place cleaned and prepped for an open house. On the flight back it hit me that if I can afford the rent, I can likely afford the mortgage. So started running some numbers, and thought you folks might have some quality advice. + +&#x200B; + +List price is $600k, but personally I think the value is closer to $550k having lived there for a few weeks. I do well and have a fairly secure and specialized job in a large corporate institution. Been there about 13 months. Annual gross income is approx. $121k with a $6k (pretax) performance based bonus. I carry about 48k worth of debt between student loans and car (necessity for travel to work). Unfortunately, my savings are minimal. I hold about 38k in the bank. Would be more but I had to hand over $8100 in security deposit, broker fee, and 1st mo rent with the move in. The advantage of the unit is the spare bedroom. Can rent that to a tenant for $14-1500/mo, which would greatly help with the mortgage payment. Reached out to loan officer that is well trusted by family and friends, and was preapproved for a $600k loan. + +&#x200B; + +Is this a golden opportunity for investment in east coast property? Or is it a pre-2008 subprime lending-esque trap? + +&#x200B; + +Edit to address some questions: + +Current rent is $2700/mo without a roommate, and I expect if I do not purchase it I will either face a steep rent hike at the end of the lease or, if purchased by an intended owner/occupant, I will not be renewed. + +If I can negotiate the cost to $560k at 3% down, I calculated the mortgage at $3775/mo, including $170 HOA (per the listing), est $200 insurance, 1% PMI, and 1% loan officer commission all at 5% interest rate. + +&#x200B; + +Edit 2: + +Thanks everyone for the advice. Got off the phone with the loan officer and interest rate is at 5.8%. Threw off all my calculations, and you're all right, I cannot afford it. Lease is good through September 2023, so for the time being I will forego the purchase and keep plugging along as is. May bring in a roommate to help with rent and boost my savings for the next go around. + +Guess I gotta married or something stupid like that to buy up here... +So on Tuesday the 9th my family and I were out of town (2.5 hrs north) and I got a notification that a package was gonna be delivered early, a 850$ drone, well my apartment has a package locker system and all packages are suppose to go through there. Well thr fedex delivered my package to my door and signed for it. I got home and my package was missing, walmart told to file a PR and they will give me a solution well today they said tough luck and said I signed for it. Even though I have pictures and recipets showing i was up north. They said contact my bank to charge it back. Any suggestions? + + +Here is a SS of the email walmart sent me. + +https://imgur.com/a/M8QDX2u + +Edit: added Imgur link +This might not necessarily warrant its own thread but I just wanted everyone to be aware that Coinbase (or possibly the card company) changed their merchant category code so that all credit card purchases are now treated as a cash advance. I have not confirmed this myself (only used a CC my first couple of purchases), but the reports are widespread. The change happened within the last 48 hours. + +&nbsp; + +EDIT: Thanks to /u/TrickyxWolfx for this response he received when inquiring with Chase to have the cash advance fee refunded: + +&nbsp; + + +"Hello XXX XXXX, + +I am happy to assist you with the cash advance fee wavier request. + +XXXX, the transaction to Coinbase dated January 20, 2018 is listed as a quasi cash transaction. It is categorized as "POI Funding Transactions(Excluding MoneySend)". + +Let me share that Visa and MasterCard systems assign a category code to each merchant, based on the kinds of products and services they sell. Sometimes the system places merchants in a generalized category, like "superstores" instead of "grocery stores" or "gas stations." + +I refunded your account for the two ash advance fees of $10.00 each. You'll see this adjustment on your February 9, 2018 statement. + +A quasi cash transaction is one that is similar to a cash advance. Money transfers, money order purchases, gambling transactions, and other transactions where cash is accessed will be classified as quasi cash transactions. Quasi cash transactions are subject to a 5% transaction fee with a $10.00 minimum and no maximum. Also, they earn interest on a daily basis and accrue interest from the date they post to your account until paid in full. + +The Annual Percentage Rate (APR) for cash on your account is a variable rate of 26.24%, which is the minimum rate for cash. + +We appreciate your business and thank you for being a Chase customer. + +Thank you, xxxx xxxxxx" +In the past few days you may have seen comment replies by a little fella u/rec_curator. u/rec_curator is a bot that monitors a particular [smart contract](https://github.com/RECDAO/contracts/blob/master/contracts/ContentDAO.sol) on the Ethereum blockchain. This particular smart contract is a type of [prediction market](https://en.wikipedia.org/wiki/Prediction_market) for Reddit submissions. An interface to the smart contract has also been developed and is [live and usable here](http://curator.recdao.org:3000). + +&nbsp; + +### **What does "prediction market for Reddit submissions" even mean?** + +Prediction markets allow participants to bet on the future outcome of a question. In this case the market is asking: **is this content that the r/ethtrader community wants to see?** Anyone is then free to bet (stake ETH or another token) to either support that content or reject it. At any given time, a market for a particular post will be either in favour of it or against depending on which side has staked more. The side that is winning is the side that was willing to risk more. The market will end currently 12 hours after it was opened at which point any contributor to the winning side can withdraw their original stake plus their share of the losing side. While prediction markets have been proposed for all kinds of uses work on the one was prompted by [this ethresear.ch thread by u/vbuterin](https://ethresear.ch/t/prediction-markets-for-content-curation-daos/1312). + +&nbsp; + +### **How can r/ethtrader use this?** + +Requiring content to prove it's "support" via a prediction market is a sustainable, distributed, and transparent way to fight spam and improve quality. Initially a piece of submitted content has no market. It may stay that way and not receive either support or a rejection challenge. In such cases I would suggest the content proceed on it's normal lifecycle through the Reddit system (use Reddit's algorithms to determine length of time on the front page, etc.). A submission can also be challenged, ie. receive a stake large enough to flip it's state to rejected. The bot, u/rec_curator watching for these on-chain events would respond by replying that the content has received this challenge and that as a result would be removed within an hour if it is not subsequently supported. Supporting would also be an opportunity for anyone to win the rejectors stake. Similarly a market can opened with a supporting stake and the bot would notify the thread with a reply indicating that a market had been opened in support of the content. In either case the bot's reply would be updated with the current state of the market if it "flips". Any flip to "rejected" would trigger a 1 hour delay before removal. + +&nbsp; + +### **How do you get the staking token RECT** + +The system is currently developed to work with an Ethereum community token, RECT. This token is distributed to you based on your karma in the top 4 Ethereum related subreddits when you link an Ethereum address to your Reddit username by [registering](https://recdao.github.io). There is no ICO - you are just awarded the token for having been here and contributed to the community. + +&nbsp; + +### **Edit. [new] How does the adjudicator work?** + +In certain situations there is a role for a final adjudicator. Usually the adjudicator isn't used, but in certain cases it is, and more importantly, the threat that it could be used is supposed to compel the right behaviour. The adjudicator may be trigger it: + +* The total market size reaches a threshold. +* Flipping the market within it's last hour. + +Adjudication is accomplished by vote from anyone with over 1000 registered karma, weighted 1 vote per voter. This pool of users is meant as a proxy for the community and can counteract the efforts of a whale. For their participation in the vote, some percentage, say 10%, of the eventual losing side's stake is burned. + +&nbsp; + +### **Is it finished?** + +Haha, no. Currently the smart contract is deployed on the rinkeby testnet so any RECT or ETH used are not *real*. There are definitely improvements to be made to the system. Details on these and the current design can be found on [this thread](https://www.reddit.com/r/recdao/comments/87jsa1/recdao_prediction_market_content_curator/). Any contribution to the mechanism, design, or any part of this experiment including how we communicate about it, are greatly appreciated. + +&nbsp; + +### **Is there more?** + +Yes, the r/recdao project is about developing tools to improve this communities use of Reddit. In addition to the [curator](http://curator.recdao.org:3000), there is a [browser plugin](https://github.com/RECDAO/extension) that allows *direct on-chain* tipping as well as on-chain up/down voting of content. The RECT token as well as the on-chain registry of usernames and karma are controlled by a [dao](https://en.wikipedia.org/wiki/Decentralized_autonomous_organization). See the RECDAO sidebar section on this sub or the r/recdao sub itself for more details. + +&nbsp; + +**UPDATE** - the [browser extension](https://github.com/RECDAO/extension) now has a simple staking interface so interaction with a post's market can be done right from within Reddit. +I've been watching/listening/reading content from NNF and wanted to hear some people's opinions about it. + +The creator rightly acknowledges that it is a somewhat controversial approach to forex trading. I'm not a huge fan of his teaching style -- he's kind of obnoxious, sort of like a reformed troll, but hey I've got an open mind and if his stuff works, then it works. His philosophy centers around ditching the "dirty dozen" indicators (stuff like traditional stochastic, RSI, MAs) for an elusive system that centers around zero line crosses, line crosses, entry/exit indicators, etc, and using daily charts instead of anything shorter term, forgetting about fundamental analysis and price action. The idea is to trade like no one else. Sounds good to me. + +Understandably, he says he will never reveal his system, and readers/ viewers have to go out and search for and test these hybrid indicators that trounce his dirty dozen. Now, all of the content he produces drops clues that he expects his audience to pick up on. + +But here's the thing: while I have learned from his content and agree with lots of the things he preaches, part of me can't help but feel that this is a quest for the holy grail. And as traders, we believe that this doesn't exist. The guy says, like many other forex teachers/mentors do, that the number of views/reads his stuff gets is a testament to the success of his methodology. He says, "I'm good at this", dont worry. + + Like I said, I have an open mind and his content does strike a chord within me -- but I am naturally a bit skeptical. Has anyone here mastered/ dove into his trading philosophy and sought out the type of indicators he suggests? What are everyone's thoughts on NoNonsense Forex? +Apes, it's finally here: **Two's Day**! And you know what that means, right? Another one of those crazy hype days that we all just love, in this most fantastic saga of all our lives! + +And what better way to jack them teetees than by exploring yet more ways that the hedgies are completely and utterly FUKD. If you have been following this series, you would have learned about the nine initial WALLS that I introduced as closing in on the hedgeshits and could trigger MOASS: + +**Part 1 =** [https://www.reddit.com/r/Superstonk/comments/smjczz/the\_walls\_are\_closing\_in\_a\_comprehensive\_look\_at/](https://www.reddit.com/r/Superstonk/comments/smjczz/the_walls_are_closing_in_a_comprehensive_look_at/) + +So much was already happenning with these additional nine, that I was compelled to post an update on how each of these were tracking even more towards an explosion: + +**Part 2 =** [https://www.reddit.com/r/Superstonk/comments/swbyfq/the\_walls\_are\_still\_closing\_in\_an\_update\_on\_9/](https://www.reddit.com/r/Superstonk/comments/swbyfq/the_walls_are_still_closing_in_an_update_on_9/) + +If you have not already read through these, then make sure to read those initial posts as they contain detail of these nine WALLS: + +**WALL 1: GameStop-Immutable X-Loopring can trigger MOASS by organic growth** + +**WALL 2: GameStop has the technical means to proivde shareholders with an NFT-based dividend, the issuance of which would trigger MOASS** + +**WALL 3: The 10-K filings** ***hinted*** **that a MOASS triggering share recall may be possible, but the partnership could provide the technical means to achieve this too** + +**WALL 4: GameStop spins off the NFT division to create a new company, a path which could lead to MOASS by facilitating a full share count/audit** + +**WALL 5: SEC Proposed Rule 87 FR 6652 prevents continued use of Swaps to hold back MOASS** + +**WALL 6: SEC and DoJ investigation could lead to SHFs being shut down, their short positions being force closed, and thus potentially leading to the MOASS** + +**WALL 7: Shorting is becoming both difficult to carry out and a LOT more expensive than even a couple of weeks ago** + +**WALL 8: Utilisation approaching 100% again - something that last happened in January 2021** + +**WALL 9: Ortex Short Squeeze Signal flared again...** + +Today I want to go through three more very compelling WALLS that I have identified, out of a total of 11 additional (so far) paths to MOASS. As these three are quite extensive, I am sharing the details of them in this post and will be detailing the others in another later post. So without further ado, let me present to you WALLS 10 through 12: + +&#x200B; + +**WALL 10: LIGMA FOMO** + +On 8th February, as [reported](https://www.reddit.com/r/Superstonk/comments/sncjmq/jordan_holberg_principal_engineer_gamestop/) by u/First_Load9266, the following tweet exchange took place: + +https://preview.redd.it/3wdpgh4pi6j81.png?width=628&format=png&auto=webp&s=fedc6ac3c1db05c193a23ae2e6d25cc737def4c1 + +It was a typographic NFT (i.e. a font) that was gifted, but why this particular NFT with this particular name? It was not long before [u/TheMoorNextDoor](https://www.reddit.com/user/TheMoorNextDoor/) started up the [engine](https://www.reddit.com/r/Superstonk/comments/snjf88/maybe_ligma_stands_for_something_as_well/) on this particular hype train: + +https://preview.redd.it/0fxnzr4nj6j81.png?width=629&format=png&auto=webp&s=faa5aada564f849c22eff06c91f4b1ee2efb97d5 + +Of course the train has only been gathering more steam since then, and events over the last couple of weeks have done nothing to derail it either! Take this tweet with the now celebrated pirate flag by our Father on 16th February, and the one just a few hours later by Microsoft/Xbox: + +https://preview.redd.it/ilsd5al60dj81.png?width=533&format=png&auto=webp&s=366dcc7674782d692300883693d66c9f6f6ac9e7 + +Of course we already know that GameStop and Microsoft have an [official partnership](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) from October 2020, so this is a very real thing: + +***Grapevine, Texas and Redmond, Wash. (October 8, 2020) –*** *GameStop Corp. (NYSE: GME) (“The Company”) today announced that it has entered into a multi-year strategic partnership agreement with Microsoft Corp., further advancing its strategy to expand its physical and digital video game offerings, as well as enhance the Company’s retail technology infrastructure. With over 5,000+ retail stores worldwide and its world-class eCommerce platform, GameStop leverages its vast customer network, PowerUp Rewards, and omni-channel capabilities to deliver enhanced gaming solutions to its customers. Through this partnership, GameStop will standardize the Company’s business operations on Microsoft’s cloud solutions and hardware products to deliver rich new digital experiences to customers, creating the “ultimate gaming destination” for gamers in its vision to be the premier omni-channel customer access point for video game products.* + +Now consider this post I made shortly after that, about my [embarrassing](https://www.reddit.com/r/Superstonk/comments/su77vo/reading_this_comment_from_uccharrington30_has/) wetness in a place-your-don't-want-to-know, after reading this comment by u/ccharrington30: + +https://preview.redd.it/vkakay50m6j81.png?width=575&format=png&auto=webp&s=8bc1bfc39cc51d466d9d588eebc8ba5374fee463 + +The pirate flag, imagery and folklore seems to certainly be *something* within Apple's corporate culture... + +https://preview.redd.it/y0axf9ijm6j81.png?width=1284&format=png&auto=webp&s=9a69878efa388cbf206f725be73e2a06bd2a2c88 + +Now lastly consider the fact that the only other stock Papa hodls apart from our beloved GME is Apple, whom he invested $550 million into. Add all these clues together and it is not inconceivable that LIGMA (Loopring-Immutable X-GameStop-Microsoft-Apple) could be a very real thing. If some kind of partnership is announced, expect the FOMO buying in to be so huge that MOASS can start just from the massive trading volume it is likely to generate! + +&#x200B; + +**WALL 11: One or more financial institutions go under, with a domino effect leading to MOASS** + +There are various types of financial institutions that are in this game, and a major change to the status of any one of these games could lead to a knock-on effect that leads to MOASS. We are all familiar with what happened in January 2021: + +https://preview.redd.it/qrwpfa0asaj81.png?width=1084&format=png&auto=webp&s=f18ff3149ca9d8c677cd16b93689b3ef33e15daa + +This was not an act of charity or kindness by Citadel, to help out their friends at Melvin. The reason Citadel and Point72 "invested" this sum was because of the negative knock-on effect of one or more funds short on GME having for *their* own positions. It needs only the weakest of the actors on the wrong side of this trade to fall over - most likely by not having enough capital to keep their shorts covered - to begin a domino effect that leads to the next one to fall over. And then the next one, and then the next biggest after that, until leading all the way up the chain to the really big boys. It reminds me a little of this old parable: + +*Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn’t matter whether you are a lion or a gazelle: when the sun comes up, you’d better be running.* + +So what kinds of financial institutions am I referring to, that could be facing difficulties in maitaining their capital at a sufficient level? It could be an Asset Management firm or Mutual Fund (i.e. a "Buy Side" firm), that is short on GME e.g.: + +https://preview.redd.it/ntck8wuvtaj81.png?width=844&format=png&auto=webp&s=0b155a09fdcba6087568d89e107566670349b700 + +Or it could be a Hedge Fund (e.g. an "Alternative Investments" firm) that could also be short on GME. As recently as a week ago, u/fungiz reported on more Zombie Stocks [popping up](https://www.reddit.com/r/Superstonk/comments/ssn7v5/why_is_sears_up_999900_now_didnt_happen_since/?utm_medium=android_app&utm_source=share) again in a way that has not occurred for almost a year now. The reason this is significant is that, as [u/Tripartist1](https://www.reddit.com/user/Tripartist1/) has explained through some excellent theories on the [mechanisms](https://www.reddit.com/r/Superstonk/comments/pihiz2/zombie_stocks_spiking_are_a_result_of_shfs/?utm_medium=android_app&utm_source=share) potentially in play here, it could be due to hedgies struggling to cover their ancient-but-not-forgotten short positions on these Zombies: + +https://preview.redd.it/f0kmefsy0dj81.png?width=615&format=png&auto=webp&s=ee358b5155a85f2c4f4752bf607351b48e0fcae2 + +Further up the food chain, there are signs that Market Makers may also be facing problems as well. There were some hype inducing posts also about a week ago regarding Virtu Financial, the second biggest Market Maker after after Citadel Securities, suddenly withdrawing from the NSCC. I am confident my own counter-DD conclusively [shows](https://www.reddit.com/r/Superstonk/comments/sqtnta/sorry_apes_virtu_are_not_withdrawing_from_the/?utm_medium=android_app&utm_source=share) this not to the the case, but note my closing remarks that *do* point to them potentially being in some kind of trouble: + +https://preview.redd.it/t2xayw7rycj81.png?width=624&format=png&auto=webp&s=d3dee152905cdc56679b9854d9df21bd64ccaaf6 + +The top of the financial institution food chain is of course the Prime Brokers (i.e. "Sell Side" securities firms), who are the service providers to the hedgies, including through providing access to the collateral needed to keep their shorts covered. As reported by [u/B0B\_ROSSS](https://www.reddit.com/user/B0B_ROSSS/), Bank of America already seems well on the way to [collapse](https://www.reddit.com/r/Superstonk/comments/s4g4bf/check_this_out_bank_of_america_now_has_a_75/) at some point in the not too distant future, given the statistical modeling appears to show they have a 75% chance of bankruptcy! Meanwhile u/HILUX5 shared with the sub this news that Credit Suisse, who also made big losses with the Archegos collapse, + +https://preview.redd.it/xkpe8bfqxaj81.png?width=625&format=png&auto=webp&s=6e7d7489bc57dd6361b206102ebb04699caebe90 + +We also learned from u/d2blues previously that Nomura could be another bag holder amongst the brokers, and they too have been [hit hard](https://www.reddit.com/r/Superstonk/comments/ouhm1g/the_credit_suisse_switzerland_report_on_archegos/) by the bad Archegos bet, with losses amounting to $2.87 billion: + +https://preview.redd.it/pmcgibcgzaj81.png?width=634&format=png&auto=webp&s=681efd85161c18176d366ac643ad8234900d1cb7 + +Any of these financial institutions losing their ability to maintain the status quo could lead to a domino effect, that topples over their cronies all the way up to Citadel themselves in a cascading MOASS. However as u/CruxHub reported very recently, there are signs that Citadel themselves may be in [financial difficulties](https://www.reddit.com/r/Superstonk/comments/sx93rm/further_evidence_citadel_is_in_trouble_public/?utm_medium=android_app&utm_source=share) anyway, so perhaps those falling dominoes could even start at the very top: + +https://preview.redd.it/jn9z3k640bj81.png?width=639&format=png&auto=webp&s=fd74596c36a3795f36743cf680d06fc7b6765f58 + +&#x200B; + +**WALL 12: Market wide correction leads to hedgies losing their hedges** + +There are various ways that these financial institutions could go under, but perhaps the one which is most likely to trigger the domino effect would be a market wide collapse or correction. This seems like a fairly obvious WALL, but it was nicely pointed out in a [comment](https://www.reddit.com/r/Superstonk/comments/smjczz/the_walls_are_closing_in_a_comprehensive_look_at/hvx42ir/?utm_medium=android_app&utm_source=share&context=3) to my original [post](https://www.reddit.com/r/Superstonk/comments/smjczz/the_walls_are_closing_in_a_comprehensive_look_at/) detailing WALLS 1 through 9 by u/LowlyApe: + +https://preview.redd.it/cpbpmzwd4bj81.png?width=603&format=png&auto=webp&s=ca2ecdb8be4305dcb404db0cde1b3c40a8324e8e + +As he or she has rightly pointed out, there are a myriad of geopolitical and macroeconomic threats currently, to the stability of the shorts and their backers in maintaining their positions. Going through only these four that they listed, and firstly looking at the ever increasing inflatoin figures... + +https://preview.redd.it/0xcy4l28zcj81.png?width=621&format=png&auto=webp&s=e4846514645e977a686cb4a457c0214eae52ab3e + +...some of you Apes may recall that [u/diamondsR4lever](https://www.reddit.com/user/diamondsR4lever/) made a [post](https://www.reddit.com/r/Superstonk/comments/osmld6/will_moass_cause_the_crash_or_will_the_crash/) more than 7 months ago which pointed to how this could directly lead to MOASS: + +https://preview.redd.it/xsaup6h86bj81.png?width=633&format=png&auto=webp&s=ecf74335916ccb721f92705e8e5da9bc39c130dd + +The inflation numbers have resulted in the Fed increasing interest rates set by the Fed, which too can result in [stock prices falling](https://www.investopedia.com/investing/how-interest-rates-affect-stock-market/) and triggering a wider market correction: + +https://preview.redd.it/f3lvk1jm6bj81.png?width=951&format=png&auto=webp&s=15ff02dd64959e616c7f81fd1b221beaf98ab09b + +Next, let's consider what is happening in Ukraine and how this could have an adverse impact on the markets. We have seen some of the sensationalist statements put out by both Western governments and the media over the last few weeks. I believe there has been a healthy dose of skepticism about the truth of these, and a number of Apes have made [posts](https://www.reddit.com/r/Superstonk/comments/sy6i6e/fake_market_crash_tomorrow_moass_tomorrow_russian/) linking this to an attempt to induce a fake market crash e.g. this post below by [u/LaserHawk\_](https://www.reddit.com/user/LaserHawk_/) just a few hours ago: + +https://preview.redd.it/ogizvlrrzbj81.png?width=629&format=png&auto=webp&s=34a0762c4afb3aa2919a52b3a34a17ecf1eabce2 + +There is evidence of wars such as this having an impact on markets. For example, here is a chart from a [report](https://www.nber.org/system/files/working_papers/w9587/w9587.pdf) by the National Bureau of Economic Research that I found, which links the negative impact on average share prices with an increase in the mere *possibility* of war: + +https://preview.redd.it/fl9xsgec0cj81.png?width=598&format=png&auto=webp&s=65206a8adecae130fbc78541352cd994688fc902 + +The more this crisis/story keeps rolling on, the more I suspect it will cause strains on the markets. And indeed if it turns to full-blown conflict involving even more players, given the proximity to Europe and especially Western Europe's dependence on Russian gas supplies, no doubt there will be wider impacts on economies far removed from the potential theatre of war. Hence there is a very real possibility that this crisis could lead to a market crash, or at the very least a correction if the current "what will happen next" phase keeps on dragging out. + +The final wider impact that u/LowlyApe listed is the seemingly never ending saga that is Evergrande. This has been rumbling on for months now, and even last week there was yet further evidence that the giant Chinese real estate developer is one more step closer to the grave: + +https://preview.redd.it/ihpe3gmd1dj81.png?width=716&format=png&auto=webp&s=2efd7b9741bc47a07b82e2958ddc328a97798b06 + +Of course that is something that has been a prospect for months now, without ever really continuing through to a final collapse. However with the Winter Olympics now over, could the Chinese government finally allow Evergrande to actually go under, which could lead to knock-on impacts across markets the world over? What is for sure is that if and when the next market correction occurs, there are likely to be some financial institutions who will have shrinking collateral against their GME short positions. Once again, it only needs the lion (Ape?) to catch the slowest gazelle in order to get it's breakfast... + +&#x200B; + +So there you have it, Apes. Three more very plausible WALLS to MOASS, and ones that could be getting us closer to the rocket launch every day. Stay tuned for my next update in this series, in a few days from now. Believe it or not, I have *even more* tit-jacking (if that is even possible!) paths to the promised land to go over... Hope you all enjoy Two's Day and this Options Expirations Week!!! +I am 30 years old and currently make 31k a year. I have 25k in debt. 17k of that comes from a loan. Half of the loan was taken out to pay off my car, the other half was credit card refinance on higher apr cards. I also have 8k in credit card debt that are on cards that are lower apr then said loan. My rent is about 400. + +Im just curious on what to do. After laying everything out I have about $400 left at the end of the month. Not counting food/gas. I have a 401k that only has 2k in it at the moment. I also have another 1k invested in crypto and the stock market. I am wondering what my best course of action would be considering my high debt. + China itself is one big Evergrande. One big debt crisis. For years massively over-levered shadow banks masqueraded as propcos, got drunk on credit, flirted w/ default & called for bailout like a late-night uber. + +Contagion has begun + +&#x200B; + +https://preview.redd.it/3zo7vicup0p71.png?width=680&format=png&auto=webp&s=456d5f3cc35352fe1b02b6910045447bb37e9be6 + +**How Evergrande is Actually a (Shadow) Bank** + +On the surface Evergrande is a propco. It has insatiable demand for capital cuz it needs to buy land. That's what propcos do. But then Evergrande started stuffing its commercial paper into WMPs & selling it off to its own employees. + + Let's be more explicit. + +In June 2019, Evergrande plowed 13.2B¥ into Shengjing Bank, acquiring 36% stake in a literal lender. Shengjing was on the brink of default. Tier 1 capital adequacy ratio was 8.52%, barely above regulatory req. Now why would a propco bail out a bank? + +&#x200B; + +https://preview.redd.it/i3zihw81q0p71.png?width=678&format=png&auto=webp&s=95c0a6d308392a5ee188cd55a7cfc4fd7163649c + +**China's Other Fantastical Bank Bailouts** + +Evergrande's story is big. But it's barely new news. In May 2019 China’s central bank announced its 1st bank takeover in 20 years: Baoshang. Creditors were to take a hit, assets would be sold and an example set for governance. + +&#x200B; + +https://preview.redd.it/232sdsa5q0p71.png?width=859&format=png&auto=webp&s=45a9dd03ed79a536b8ebbd22770cfaf607d28b56 + + **And then there was Bank of Jinzhou.** + +In March 2020, the PBoC poured another 12B¥ into Jinzhou as Tier 1 capital adequacy fell to 5.14%. Two quasi state-controlled investors were said to have seized 44.34% in the troubled lender. + + [China's Bank of Jinzhou wins $1.7 bln bailout from central bank, local govt | Nasdaq](https://www.nasdaq.com/articles/chinas-bank-of-jinzhou-wins-%241.7-bln-bailout-from-central-bank-local-govt-2020-03-11) + +&#x200B; + + **... And Bank of Gansu.** + +In July 2020, a state-backed provincial highway operator stepped in as the largest shareholder, but was dealing with its own balance sheet issues. Months later the company announced a 167.3B¥ refinancing to deal with debts on 37 government toll roads. + + [Inside Huarong Bailout That Rocked China’s Financial Elite - Bloomberg](https://www.bloomberg.com/news/articles/2021-08-30/inside-the-huarong-bailout-that-rocked-china-s-financial-elite) + +&#x200B; + +**And don't forget HNA.** + +HNA was an "airport." The way Evergrande is a "property company." + + [Shares of HNA affiliates rally after report of China bailout plan | Reuters](https://www.reuters.com/article/us-china-health-hna/shares-of-hna-affiliates-rally-after-report-of-china-bailout-plan-idUSKBN20E0GB) + +&#x200B; + + **Who's next?** + +It kinda feels like trick-or-treating. Like Chinese financial institutions just gotta stick out their hand and the big brother rushes in with backstop. + +&#x200B; + +https://preview.redd.it/js8tz57mq0p71.png?width=588&format=png&auto=webp&s=468ebea5bed03f3071d4ec5ae6f0a2f967ed20f6 + + **Where does all that bailout money come from?** + + In America we say "money printer go brr." In China we say "money printer go BRRRRRRRRRR." Xi's QE has been making a farce out of JPow since 2008. + +&#x200B; + +https://preview.redd.it/ti5miv6qq0p71.png?width=672&format=png&auto=webp&s=45154eabca35f722ecf21314525f0dad2bda4f87 + +# Is it sustainable? + +&#x200B; + +https://preview.redd.it/ryklydouq0p71.png?width=465&format=png&auto=webp&s=65b792d34967e33b503d9813d7aa5b3662f3b4fe + +&#x200B; + +**What about the whole real estate sector?** + +TLDR: this could snowball fast. China's top 200 property companies currently hold >$5.5 TRILLION in assets at 8x leverage. If Evergrande catalyzes even a 15% decline in prices across the board, much of the industry becomes insolvent. + +&#x200B; + + Graph (top) shows the asset/liabilities ratio for 10 other propcos besides Evergrande. Note: they're all less than 1, which means shareholder's equity is negative- including Greenland, Sunac, Vanke, Country Garden... Chart (right) shows the top 15 worst propcos in the world. + +&#x200B; + +https://preview.redd.it/xyxx79o3r0p71.png?width=618&format=png&auto=webp&s=fac77c2efba81872ad2518392f720091e2f0e7ed + +&#x200B; + +https://preview.redd.it/8r6ikwn4r0p71.jpg?width=1069&format=pjpg&auto=webp&s=1245937ac66985836b2dfca2c7ecb78de36e0c04 + +**What is the CCP gonna do now?** + +China is incentivized to let Evergrande collapse while minimizing shakeup in the rest of its property market. So far the CCP made its goals pretty clear: pro stability & deleveraging; anti speculation. + +Investors need to understand that China has taken a turn towards a different economic model: Higher regulation standards, curbing non-strategic tech, redistribution of wealth, better capital allocation, de-levering, clamping on evasion/irregularities and crushing speculation + +&#x200B; + + **But is all of this... systemic?** + +According to macro expert [@ABCampbell](https://twitter.com/ABCampbell) , "for a credit issue to get systematic, it has to go through the banking system, in particular the biggest and least stable" + + Here they are. China's worst banks. (its "Waterfall of Pain") + +Let's wait & see. + +&#x200B; + +https://preview.redd.it/xdsgathlr0p71.jpg?width=1307&format=pjpg&auto=webp&s=988b196ca4769612ccb67f66f53c9f8d5e858de3 + + Most of the data and images from this thread come from [@rosetechnology\_](https://twitter.com/rosetechnology_) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +BUY HOLD DRS, APE LOVE ZEN +The last few days we've all seen the huge numbers right? +The so-called Darkpool trades, as everybody keeps referring them to. + + +I'm talking about these: + +https://preview.redd.it/ww9pos13i79a1.png?width=638&format=png&auto=webp&s=cd01f3b70a80d2d7c40692c9a351768e18c04bdb + +It's been a hot topic again. + +I feel I should address that because all of this came from things that happened to me and I posted about on this sub months ago. +For some reason it seems to be circulating again. +And I’m all for hype and copium if you need it, but let’s get some things straight. + +&#x200B; + +It started with this post: +[https://www.reddit.com/r/Superstonk/comments/zw9mo2/dark\_pools\_are\_one\_hell\_of\_a\_funny\_thing/](https://www.reddit.com/r/Superstonk/comments/zw9mo2/dark_pools_are_one_hell_of_a_funny_thing/) + +Then this one: +[https://www.reddit.com/r/Superstonk/comments/zx9jvb/so\_youre\_telling\_me\_gamestop\_is\_going\_for\_13m\_per/](https://www.reddit.com/r/Superstonk/comments/zx9jvb/so_youre_telling_me_gamestop_is_going_for_13m_per/) + +and then this one today: +[https://reddit.com/r/Superstonk/comments/zzevro/if\_a\_real\_share\_of\_gme\_can\_sell\_for\_between\_13m/](https://reddit.com/r/Superstonk/comments/zzevro/if_a_real_share_of_gme_can_sell_for_between_13m/) + + +I'm sure it's all but hype, but I love that people seem to *know* it's darkpool trades while I, the one who had this happen live, and posted about it both times, still to this day have no answers on what happened. + +I actually commented on the first 2 posts. When I saw the 3rd I figured it’s probably better if I made a post about it. + +So honestly I don't know how to see this, but here we go. + +&#x200B; + +It started on the 25th of May in After Hours. +Suddenly I see big prices in TWS. +Now, I blew up Discord with it. +The sub a bit later too with this post: [https://www.reddit.com/r/Superstonk/comments/uxsftq/uhm\_youll\_wanne\_look\_at\_this\_prices\_go\_up\_spy\_gme/](https://www.reddit.com/r/Superstonk/comments/uxsftq/uhm_youll_wanne_look_at_this_prices_go_up_spy_gme/) + +I was legit tripping out for a bit not having any idea what was going on. + +The post blew up and dlauer showed up quickly writing it off as 'just a glitch' and thus a moderator reflaired it to debunked. +Everybody here loves Dave right, so that's the part people remember: It got debunked. + +While in reality, it really wasn't. + +I updated the post accordingly with that it ‘might’ be ‘just a glitch’ and I’ll contact my broker for more info. + +I've actually contacted the broker after that and made a follow up post ([https://www.reddit.com/r/Superstonk/comments/uzrk4t/update\_on\_the\_weird\_prices\_glitch\_from\_the\_25th/](https://www.reddit.com/r/Superstonk/comments/uzrk4t/update_on_the_weird_prices_glitch_from_the_25th/) ) which nobody bothered to read at that point. It's not hype, who cares, right? + +Spoiler alert: Support wasn’t really supportive and it ended up in nothing. Read the post if you want to know more. I’ve included screenshots! + +The weeks after this event I had many conversations with people about this. +How could it be? Where does it come from? What would be the reason? +From 100 layers of tinfoil and me being paranoid to normal reasoning that it has to come from the broker. + +To break it down: The data comes from the provider. If the datastream gets corrupted it won't selectively print different numbers. It just stops, crashes, fails, breaks. You get the point. + +That didn't happen, as you can see in the screenshots in the posts I made. +That didn't happen, because it did not effect every ticker I started watching or tracking. Just a very select few. + +But then, why me? Why only me? +And since IBKR didn't give any answers I didn't get anywhere. + +&#x200B; + +Then, a few months later it happened again on the 27th of September. + +After months of nothing, no bugs, no glitches. Just perfectly functioning software it just happened again. +Same as before. Almost the same numbers. The same weird epochs and big volumes on the same, yet different tickers. I wasn't tracking the same as back in May. +The control tickers started when it was happening didn't 'glitch'. Those worked fine. Just like in May. +And like back in May Forex didn't 'glitch' either. + +I made a post about that which you can find here: [https://www.reddit.com/r/Superstonk/comments/xptb9a/so\_uh\_13m\_per\_share\_yeah\_i\_just\_had\_that\_again/](https://www.reddit.com/r/Superstonk/comments/xptb9a/so_uh_13m_per_share_yeah_i_just_had_that_again/) + + +Now, when I said nothing happened in those months.. that's not completely true. There were a few times where on a trade there wasn't an exchange listed. +Which is weird, every trade has an exchange. +But these were for normal prices. Just had some weird epochs (and I've no idea why) +But a theory is that weird epochs could be used to hide trades. +This also strengthens the theory that it's actual data send through and not 'just a glitch'. +If you take a look at the spreadsheet linked below you see it's just a handful of trades compared to the whole day. Ask yourself why would only these 'glitch' and not everything? +This happened on the 10th of June. + +I made a list which you can view here: [https://docs.google.com/spreadsheets/d/e/2PACX-1vQ5thglc5wg6iYhh3YE8G27payuN8BByXfg\_Yquc-qLMAmc0XXd-ZCZW8zllxaKxjQYwapx5G\_11ivl/pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vQ5thglc5wg6iYhh3YE8G27payuN8BByXfg_Yquc-qLMAmc0XXd-ZCZW8zllxaKxjQYwapx5G_11ivl/pubhtml) + +No worries about you doxxing yourself. It’s anonymous read-only published html, no login needed. + +Except for that, nothing happened in those months from the 25th of May to the 27th of September. + +&#x200B; + +Fast forward to now.. The last week of December 2022. + +Suddenly one screenshot from one of my posts pops up again, with a lot of hype and people talking about how it’s darkpool trades. + +Now, they could be. + +One of the theories is that for some reason I got some weird access to, or got data sent from a darkpool. +But, it’s unsubstantiated at best. Simply because it’s a theory. I have no proof. +Funny thing is that in the 3 posts I made I never mentioned the word darkpool. Yet here we are, people stating it’s darkpool. +If you’re reading this and you have actual proof that what I saw was actual darkpool trades, then dm me, let’s talk. Because even after all this time I really want to know what’s going on. + +And to be clear: I've seen darkpool trades. They do get posted on the sub at times and they're relatively easy for me to find. They don't go for these big numbers. + +If you don’t have proof, you’re basically helping spread misinformation if you still label it as ‘darkpool’. + +I get the copium and hype, but I’m also starting to regret posting it. + +&#x200B; + +I really hope this brings some perspective and answers to some questions I've seen in the comment sections of the posts from the last few days. + +&#x200B; + +That said, I wish all of you a very happy new year! +And now fuck off, go spend time with your fam or something. + +&#x200B; + +Peace <3 +&#x200B; + +**Currency** + +The primary function of these coins is to be used as a decentralised token of value which can be exchanged between peers without the need for banks or other intermediaries. + +**(1) Bitcoin (BTC)** + +**(7) Ripple (XRP)** + +**(13) Bitcoin Cash (BCH)** + +**(14) Litecoin (LTC)** + +**(21) Stellar (XLM)** + +**(31) Bitcoin SV** + +&#x200B; + +**Stablecoins** + +These coins use various methods to peg their value to that of the U.S. Dollar, thus allowing them to be used as both a store of value and a medium of exchange without the risk of volatility, + +**(3) Tether (USDT)** + +**(8) USD Coin (CSDC)** + +**(10) Binance USD (BUSD)** + +**(23) Dai (DAI)** + +**(48) Terra USD (UST)** + +&#x200B; + +**Distributed computing / smart contracts** + +These are coins tied to a network which provides a distributed, decentralised blockchain network, which apps can then be built upon. Some of their features include smart contracts, non-fungible tokens, digital identity and decentralised finance. Having a coin tied to the blockchain enables users to be paid for securing the network and to pay for using the services provided by the network. + +**(2) Ethereum (ETH)** + +**(4) Cardano (ADA)** + +**(5) Binance Coin (BNB)** + +**(13) Solana (SOL)** + +**(18) Ethereum Classic (ETC)** + +**(25) Tron (TRX)** + +**(27) Eos (EOS)** + +**(32) Algorand (ALGO)** + +**(36) Neo (NEO)** + +**(38) Klaytn (KLAY)** + +**(39) Tezos (XTZ)** + +**(43) Iota (MIOTA)** + +**(46) Avalance (AVAX)** + +&#x200B; + +**Exchange tokens** + +These coins are associated with an exchange and holding them allows people using that exchange certain benefits, such as reduced fees or staking rewards. + +**(5) Binance coin (BNB) - also listed above** + +**(10) Uniswap (UNI)** + +**(30) Crypto.com** **coin (CRO)** + +**(33) FTX token (FTT)** + +**(37) PancakeSwap (CAKE)** + +**(44) Unis Sed Leo (LEO)** + +**(50) Huobi token (HT)** + +&#x200B; + +**Privacy coins** + +Coins attached to blockchains which aim to provide anonymity to users and conceal their activities. + +**(26) Monero (XMR)** + +&#x200B; + +**Decentralised finance** + +These coins provide various functions/benefits in the DeFi ecosystem, such as lending, earning interest or collatorising assets. + +**(29) Aave (AAVE) - decentralised finance protocol** + +**(34) Maker (MKR) - stablecoin pegging mechanism for DAI** + +**(41) Terra (LUNA) - stablecoin pegging mechanism for UST** + +**(42) Amp (AMP) - collatoralising asset transfers** + +**(45) Compound (COMP) - DeFi lending protocol** + +&#x200B; + +**Specialised coins** + +These are coins/blockchains that perform a specialised function not covered in the above categories. + +**(9) Polkadot (DOT) - network of blockchains** + +**(15) Chainlink (LINK) - Oracle network providing data to blockchains** + +**(16) Polygon (MATIC) - Layer 2 ethereum solution** + +**(19) Internet computer (ICP) - Decentralised cloud computing** + +**(20) Theta (THETA) / (47) Theta Fuel (TFUEL) - improves video streaming services** + +**(22) VeChain (VET) - business supply chain management** + +**(24) Filecoin (FIL) - decentralised storage solution** + +**(35) Cosmos (ATOM) - network of blockchains** + +**(49) Decred (DCR) - decentralised voting platform** + +&#x200B; + +**Wrapped bitcoins** + +These are representations of bitcoin on other blockchains. Their prices are pegged to the price bitcoin. + +**(17) Wrapped bitcoin (WBTC)** + +**(40) Bitcoin BEP2 (BTCB)** + +&#x200B; + +**Memecoins** + +Coins that were created as a meme or for fun. + +**(6) Dogecoin (DOGE)** + +**(28) Shiba Inu (SHIB)** +Happy Holidays Apes! + +We are opening today right on max pain @ 155. Based on yesterday's adherence to this price range and this morning's also low pre-market volume, we will likely end the week right around this point. + +While a run this week would have been nice, the massive shorting incurred over the last two weeks seemed to be sufficient to reduce their call side exposure. So unless the fund managers running the now 3 ETFs placed on the threshold list over the last week decide to recall, APs return the created shares in T+6 (Mon/Tues next week), we will have to wait for the FTDs to start rolling in, in January. + +Unfortunately without sufficient data there was no way to predict the amount of exposure from all of the possible sources (GME, ETFs, and Futures). **We simply had to wait for it to play out**. our only data point was for December 2020 and it being directly after Ryan Cohen's buy-in could have highlighted a part of the cycle that wasn't actually that great in magnitude. + +We knew that GEX on the GME options chain was minimal. While OI was actually pretty high for the 17th, the - 49.01% drop in price over the previous two weeks was sufficient to drive those calls out of the money. This synthetic sell-off across the entire sector was clearly sufficient to reduce exposure in the other basket stocks and ETFs as well dropping them all below their long term moving average and generally below the price those options were sold at. With Delta Sensitivity as high as u/yelyah2 noted, the option to allow the price to rise was not on the table. + +I would reassess my theory at this point if not for... + +* The fact that very few shares of GME were borrowed from the lending pool (evidenced in the daily counts from Fidelity and IBKR, along with minimal increase to the borrow rate) +* The inclusion of multiple ETFs on the RegSHO Threshold list that are known sources of GME synthetics + +**Removing a year of growth on an entire sector in two weeks is no small feat and in direct relation to the date LEAP and Quarterly exposure was due.** + +While some of those stocks may have plenty of liquidity to allow massive shorting. GME does not, and like any other period in my thesis the failure to cover exposure or the synthetic covering/avoidance of exposure nets FTDs. + +With all the cans kicked into January I'm still looking forward to this cycles FTD anomaly period. + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Descending channel throughout the day after that peak earlier all the way into a close $3 below max pain. If there is some covering from the massive number of ETF shorts it should be within that T+6 window from the 17th, additionally the 27th is an the first FTD day of the January cycle. It will probably be minimal as it is GME FTDs not ETFs. Thank you all for tuning in and a happy holidays to everyone + +\- Gherkinit + +https://preview.redd.it/2wo8azodzc781.png?width=699&format=png&auto=webp&s=314a68807fe8d38f2593cc6b11bbfc21b66f4683 + +https://preview.redd.it/r7243g8gzc781.png?width=1629&format=png&auto=webp&s=9573afb729b69a18f35359769fc65eccece5b625 + +Edit 3 1:32 + +Just to clear up any confusion + +https://preview.redd.it/3gk2k8nz5c781.png?width=722&format=png&auto=webp&s=1bf3a4e297c0ee2845fb23c5aa7c41802de872e9 + +Edit 2 11:35 + +GME making a very nice recovery even with half the daily volume borrowed in short positions. Looking for a break of max pain if the trend persists. + +https://preview.redd.it/m99aufeykb781.png?width=1630&format=png&auto=webp&s=a9070e0d9106c785e8d2c771a2cbdd75dfdb8d6a + +Edit 1 10:45 + +188k thousand shares borrowed and 456k volume so far today. It looks like we found some support after this mornings short at 146 and are now stabilizing to the upside. + +https://preview.redd.it/y0z96pb5cb781.png?width=1623&format=png&auto=webp&s=120c536d85005208df3f3a838ebab0c2057dd4a7 + +# Pre-Market Analysis + +GME showing a couple little volatility spikes in pre-market, volume is slightly better than yesterday but still extremely low at 6.28k. + +Shares to Borrow: + +IBKR - 85,000 @ 0.9% (15,000 returned) + +Fidelity - 690,820 @ 0.75% 👀 + +[GME Pre-market 1m](https://preview.redd.it/u2z9u08nva781.png?width=1619&format=png&auto=webp&s=0aec0c9a6562b1955c21d65c97eb80f75c2c6e42) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +* **Company**: [Titan Medical](https://titanmedicalinc.com/) +* **Industry**: Medical Device / Robotic Technology +* **Flagship Product**: The [Enos Surgical System](https://titanmedicalinc.com/enos/) +* **Ticker**: TMDI (Nasdaq) +* **Share Price**: $2.63 +* **Market Capitalization**: $215.7M +* **Float**: 82.02M +* **% Held by institutions**: 3.29% +* **% Held by Public/Other**: 96.61% +* **Average Volume (3 month)**: 1.88M +* **Recent Daily Volume**: 9.98M +* **Investor Fact Sheet**: [Link](https://titanmedicalinc.com/wp-content/uploads/2020/12/Titan-Medical-Enos-Overview-Dec-9-2020.pdf) + +--------------------- + +**I DON’T LIKE TO READ. DO YOU HAVE ANY VIDEOS I CAN WATCH?** + +* 1. Learn how a [single port robotic system](https://vimeo.com/309174288) works. +* 2. Learn about [Titan Medical](https://vimeo.com/309174288) and their vision for the Enos Surgical System. +* 3. Watch a [demonstration](https://vimeo.com/479586580) of the Enos surgical system. +* 4. Watch an [overview](https://vimeo.com/user50119475) of Titan Medical’s third quarter, 2020 update. + +--------------------- + +**GIVE ME A COMPANY OVERVIEW** + +Titan Medical is a medical robotics company, based in Toronto, Canada, which recently completed an incentive based partnership with Medtronic, the largest medical supply company in the world. +Titan Medical’s flagship product is the Enos surgical suite, an ergonomic, single access surgical system, that uses multi-articulated instruments with fluid motion guidance to replicate natural movement. Their workstation is smaller and more mobile than both the Intuitive and TransEntrix surgical suites. With a single port of entry, the Enos requires minimal innervation, resulting in less trauma and scarring than its competitors. They are lead by chairman and CEO, David McNally, a 33 year veteran in the medical device industry, and the co-founder of ZEVEX, an award-winning medical device company. + +--------------------- + +**TELL ME ABOUT THEIR FLAGSHIP PRODUCT** + +The [Enos](https://titanmedicalinc.com/enos/) surgical system, which was rebranded in September of 2020, is a mobile, single access surgical suite, +designed in coordination with laparoscopic and robotic assisted surgeons. Unlike other devices, such as the da Vinci from Intuitive Surgical, the Enos +was developed as a cost-effective, single-incision system, with reusable multi-articulating instruments, and a small footprint. In addition to traditional +operating room procedures, the Enos targets underserved markets, such as a small ambulatory surgical centers. The Enos was designed with an +open architecture, allowing it to adapt to future instruments, beyond traditional graspers, hooks, drivers, and scissors. To date, it has completed +numerous pre-clinical procedures, including hysterectomies, nephrectomies, cholecystectomies, gastrectomies, splenectomies, and colectomies. +For peer-reviewed abstracts, please refer to page 14 of Titan Medical’s [investor overview](https://titanmedicalinc.com/wp-content/uploads/2020/12/Titan-Medical-Enos-Overview-Dec-9-2020.pdf). + +--------------------- + +**WHAT DOES THE MANAGEMENT LOOK LIKE?** + +Titan Medical is lead by chairman and CEO, David McNally, the founder of Domain Surgical, and the co-founder of ZEVEX, an award winning medical technology +company. He is also the co-inventor of over 40 U.S. and international medical device patents. Look at this [man](https://titanmedicalinc.com/leadership/). He is the +most CEO looking guy that I’ve ever seen. He’s been building successful companies since his early twenties. At research and development, the company is +lead by Dr. Perry Genova, PhD, an accomplished biomedical engineering executive. Dr. Genova previously managed Centauri Robotic Surgical Systems, a +private company specializing in robotic stereotactic neurosurgery. Prior to that, Dr. Genova was the president and CEO of Oncoscope, a medical device company +that was acquired by SpectraScience in 2016. + +--------------------- + +**DOES TITAN MEDICAL OWN ANY INTELLECTUAL PROPERTY?** + +Yes, Titan Medical has 58 issued patents, with 84 patent applications pending. + +--------------------- + +**DOES TITAN MEDICAL HAVE ANY INTERESTING PARTNERSHIPS?** + +Yes, and for me, this was the most important recent milestone. In June of 2020, Titan Medical entered into [an agreement](https://www.massdevice.com/medtronic-turns-to-titan-medical-as-it-makes-robot-assisted-surgery-play/) with +[Medtronic](https://www.medtronic.com/us-en/index.html) to advance the development of their robotic surgery technologies. The agreement includes a 10 million dollar payment, +and an additional series of payments totaling $31 million in exchange for Medtronic’s right to license certain technologies from Titan Medical. Medtronic is the largest medical device company +in the world, and they are making substantial efforts to compete with Intuitive Surgical. Medtronic has a long history of billion dollar acquisitions. For example, in 2018, they purchased Mazor Robotics, a medical robotics company that specializes in spinal surgery, for $1.7 billion. If I had to speculate, I believe there is a high probability that Medtronic acquires Titan Medical. + +--------------------- + +**DOES TITAN HAVE THE CAPITAL TO CONTINUE DEVELOPMENT?** + +Yes, please refer to the paragraph above, which discusses their partnership with Medtronic. You can view Titan Medical’s third quarter 2020 press release +[here](https://www.businesswire.com/news/home/20201116005309/en/Titan-Medical-Reports-Third-Quarter-Financial-Results). You can view their +$10 million technical milestone press release [here](https://www.businesswire.com/news/home/20201026005235/en/Titan-Medical-Announces-Achievement-10-Million-Technical). + +--------------------- + +**WHAT OTHER INTERESTING DEVELOPMENTS HAVE OCCURRED RECENTLY?** + +1. In addition to their partnership with Medtronic, Titan Medical released a [regulatory update](https://www.businesswire.com/news/home/20201230005089/en/Titan-Medical-Provides-Regulatory-Update), from the FDA, which indicated that the Enos system is appropriate for classification through the De Novo pathway, and confirmed that Titan Medical will file +a clarifying pre-submission for Investigational Device Exemption studies. + +> In view of the FDA’s written response and other information available to the Company at this time, the Company would likely proceed with a De Novo classification request for its Enos system in place of a 510(k) submission. Should the FDA grant the De Novo classification request, the Class II device would be cleared to be marketed. + +2. In late 2020, Titan rebranded its surgical system, the SPORT surgical system, to the Enos robotic single access surgical system, so it could better represent +its design and capabilities. + +3. In late 2020, Titan Medical obtained two additional U.S. patents for methods and apparatuses for camera positioning and hand controller +Apparatus for gesture control and shared input control in a robotic surgical system. + +4. In September of 2020, only a few months after Titan Medical inked a deal with Medtronic, we saw a major increase in institutional investment. +JP Morgan increased their equity in Titan Medical by 29,600 shares, for a total of 47,000. Bank of America increased their position by 60,900 shares, +for a total of 70,605. Two Sigma Advisers, the famed hedge fund which uses AI and machine learning, increased their position by 73,500, for a total +of 220,600 shares. Other notable institutional investors include Capital One, Morgan Stanley and Royal Bank of Canada. + +--------------------- + +**WHERE DO YOU SEE THIS COMPANY IN THE FUTURE?** + +At this stage, I consider Titan Medical to be an early iteration of [Intuitive Surgical](https://www.intuitive.com/en-us) ($ISRG), which is a leader in robotic-assisted systems. Intuitive Surgical +developed the famed [da Vinci](https://www.davincisurgery.com/da-vinci-systems/about-da-vinci-systems) surgical system, which received FDA approval in 2000. Since the release of the +da Vinci system, Intuitive Surgical’s stock has appreciated over 8,000%. There is a [growing consensus](https://www.nasdaq.com/articles/under-30-2-unstoppable-stocks-to-bet-your-retirement-on-2020-12-23) +that robotic-assisted companies will become the leading investment class over the next several decades, even outpacing dominant stocks, like Amazon or Apple. Considering the competitive landscape, +the previous success of Intuitive, the rapid growth in robotic technology, and Titan Medical’s partnership with Medtronic, it’s reasonable to consider that they might be acquired by Medtronic. + +--------------------- + +**WHY SHOULD I SPECULATE ON TITAN MEDICAL INSTEAD OF INVESTING IN INTUITIVE SURGICAL?** + +The easiest answer is the best answer. This is a microcap stock forum, and our goal is to discover and speculate on companies before they reach extraordinary valuations. Intuitive is an established company, and the majority of its yield has already been realized. Titan Medical is an early stage, medical robotics company, with a suite of emerging robotics technology, and a series of upcoming triggers both in the near-term, and over the course of the next several months and years. Their incentive based partnership with Medtronic gives them access to capital, engineering, and leadership, ensuring the company +can reach full commercialization. + +--------------------- + +**HOW WELL WILL THE SURGICAL ROBOT MARKET DEVELOP?** + +There are various opinions on this subject, but all reports indicate massive growth over the next 5-7 years, citing CAGR rates between 16-25%. You can read analysis from +[Emergen Research](https://www.emergenresearch.com/industry-report/surgical-robotics-market) and [MordorIntelligence](https://www.mordorintelligence.com/industry-reports/surgical-robots-market). +The competitive landscape is straddled between a fragmented market, without dominant players, and a consolidated market, dominated by only a few major players. More specific reports, +such as the [Global Urology Robotic Surgery Market 2020](https://www.businesswire.com/news/home/20200519005757/en/Global-Robotic-Surgery-Devices-Market-Report-2020-to-2030---COVID-19-Growth-and-Change---ResearchAndMarkets.com) report, cites Titan Medical as a top player in the robotic surgery market. Historically, and recently, companies like Intuitive, Stryker, Verb +Surgical, and Medtronic have made several acquisitions, all in an effort to gain an edge. I believe this reinforces the possibility that Titan Health could be acquired, especially considering the ENOS system has unique engineering elements and patents that existing and developing surgical suites do not have. + +--------------------- + +**WHY ARE YOU BUYING IN RIGHT NOW?** + +I have been following Titan Medical for over two years now. Previously, I was hesitant to invest due to their financial situation. I wasn't certain if they had enough capital and resources to reach commercialization, but I remained highly interested. Their presentations during 2020 were compelling, especially when they presented at the [H.C. Wainwright conference](https://wsw.com/webcast/hcw7/register.aspx?conf=hcw7&page=tmdi&url=https://wsw.com/webcast/hcw7/tmdi/1605854). I was on the verge of opening a position, and when Medtronic announced their deal, I was convinced this is was company I wanted to speculate on long term. Recently, I've noticed an increase in major [institutional investments](https://www.nasdaq.com/market-activity/stocks/tmdi/institutional-holdings), and the regulatory feedback they have received from the FDA has been great. It creates compelling headlines, and brings us closer to an ultimate FDA clearance. Based on sentiment and activity analytics, I believe that they’re entering the beginning of a hype period. I expect we'll begin to see numerous articles and forum posts about them. For these reasons, and several more, I increased my position on Friday by 6,000 shares. + +--------------------- + +**WHERE ARE WE AT IN THE HYPE STAGE?** + +Let me preface by stating that I almost exclusively prefer to enter positions before any hype exists. You will make significantly better returns +by positioning yourself before the crowd arrives than you will by chasing the hype after it has occurred. Based on market sentiment, and the frequency at which Titan Medical +is referenced on YouTube, reddit, and other social media and investment platforms, I believe we’re at the beginning of the bell curve. +I use a proprietary sentiment tracker, which I cannot release (it’s not mine), however publicly available systems, such +as Google’s trend analytics, show that activity has recently broken a 30 day high. For the first time, over the last 1-2 weeks, I’ve begun to see the first +references to Titan Medical on various YouTube channels. However, the activity on Reddit is currently very small, which is good in my opinion, since Reddit tends to be last in the hype cycle. By the time stock picks become +hyped on Reddit, most of the short term gains have been had. + +--------------------- + +**WHY DO YOU HAVE SO MUCH CONFIDENCE IN THIS STOCK?** + +My background is in medicine and human physiology, while my more recent work and education is in financial markets. Although I was not a surgeon, I have an adequate medical background to understand the need and utility of surgical robots, and to be able to accurately interpret research publications. I have a network of friends and colleagues in the industry that have helped me review the company, including several laparoscopic surgeons. However, the majority of my confidence comes from Medtronic. As a partner and investor, Medtronic received exclusive access to the finances and engineering of Titan Medical. They were able to investigate the company beyond what any of us could accomplish, and these investigations resulted in a significant partnership. Based on Medtronic’s success, their history of acquisitions, their extensive resources, and their explicit desire to dominate the robotic surgery market, I believe Titan Medical is a winning investment. Because Titan Medical is in a pre-commercialization stage, the masses have not yet noticed this stock, and I believe that provides an asymmetrical risk due to the enormous potential profit. Even at early speculative stages, I expect this +company to have a billion dollar market cap. + +--------------------- + +**THIS SOUNDS INTERESTING. HIT ME WITH SOME CRAZY HYPE. WHAT WOULD HAPPEN IN AN IDEAL SCENARIO?** + +If Titan Medical were to achieve a market capitalization similar to Intuitive Surgical, it would reach an equity share price of approximately $1,140/share. This would amount to an estimated 46,500% +increase from Titan Medical’s current share price. In the short term, I believe we see major price action based on their Medtronic partnership, their improved financial situation ($10M bought deal +offering is expected to close on Jan 29th), their FDA milestones, and their pre-clinical operations. Based on the impressive price action on Friday, and over the course of the previous week, I +expect this company to start hitting Reddit, YouTube, and other major forums, which, believe it or not, has been a major indicator for short and long term stock gains. + +--------------------- + +**TL;DR**: Titan Medical is a surgical robotics company that developed the [Enos surgical suite](https://titanmedicalinc.com/technology/), an innovative, single-access surgical system, designed in coordination +with laparoscopic and robotic assisted surgeons. This company plans to replicate the success of Intuitive Surgical, a surgical robotics company worth over $87 billion, who’s share price has increased over 11,000% +since the introduction of their da Vinci surgical system. In addition to their rebranding, Titan Medical recently completed an incentive based partnership with Medtronic, the largest medical device company in the world, +which will provide financing, board oversight, and research and development assistance. This is a major milestone for Titan Health, because it ensures their success, either through their own development, or through acquisition. +The stock has been on a steady upward trend since the deal was announced, but based on recent volume and online activity, and growing institutional investment, I believe it’s entering an accelerated bullish phase. + +--------------------- + +**POSITION**: 12,000 shares of TMDI + +Obligatory Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +After minutes of research I found that Yahoo recommends this sub + +&#x200B; + +https://preview.redd.it/oxlxjyzf6w6a1.png?width=1205&format=png&auto=webp&s=e83386a645016f50a04aba9aeca8e10dfdd8a786 + +# Yahoo! - Best reddit crypto subs to join + +> r/cryptocurrency is at the top of the list because it is known for producing high-quality content created by top-level and highly skilled crypto specialists. Given the nature of the crypto world, which is overburdened with volatility in addition to being flooded with various crypto projects, it is critical to join a group where you can gain access to highly vetted market insight. + +Since you guys are top-level skilled crypto specialist and post highly vetted market insight, I have chosen this sub as my financial advisor. + +Biggest questions I have are + +* when should I buy? +* What should I buy? +* how do I stop losing money? + +I can't pay any of you guys with actual money, but reddit will reward you in it's own way. +https://www.cbsnews.com/news/minimum-wage-2019-almost-half-of-all-americans-work-in-low-wage-jobs/ + +Almost half of U.S. workers between ages 18 to 64 are employed in low-wage jobs, the Brookings Institution found. + +Low-wage jobs are pervasive, representing between one-third to two-thirds of all jobs in the country's almost 400 metropolitan areas. + +Smaller cities in the South and West tend to have the highest share, such as Las Cruces, New Mexico, and Jacksonville, North Carolina, where more than 6 in 10 workers are in low-wage work. +I am just a humble ape who was curious and bored of video games on Saturday and decided to take this call to action to do a lil’ DD and get some learning on, maybe even form a new wrinkle. Inspired from a discussion around Vlad from RH talking about the GameStop events of Jan 2021, where he blamed the clearing houses for turning off the buy button. Hopefully, this can get the ball rolling and the gears turning for some other wrinkly brained apes to go a little more in depth, hence the title "Just the tip". + + + +**What is APEX Clearing?** + +The company has fingers in many pies, providing digital “solutions” for other financial platforms and apps like ETrade, SoFi, Firstrade, Stash, Ally Financial, and at various times Robinhood. They are a digital custodian or securities correspondent-clearing broker-dealer or as Vlad stated in the video, a clearing house. What does the CEO say about Apex in an interview in March 2021: + +> Apex does all the "work behind the scenes" and the "things that others, frankly, won't,". + +If you are a little smooth like myself, you maybe need to look up WTF a clearing house's function even is. I know I did, so here is what I surmised: + +**What is a Clearing House? (summarized from Wikipedia)** + +They facilitate clearance between two clearing firms to reduce the risk of a member firm failing to honor its trade settlement obligations. Their biggest function is to facilitate transactions among banks. By clearing a transaction that means they handle the post trading, pre-settlement credit exposures to ensure the trades or transactions are settled according to market rules, even if the buyer or seller should **become insolvent prior to settlement**. This last bit really caught my eye, and is obviously a key piece related to many other DDs in past around settlement dates. + +Now that we have a bit of knowledge around what a clearing house is supposed to do, we can look at Apex more and try to understand what their part in this fiasco was/is. + + + +**How did Apex come to be?** + +Created in 2012 through an acquisition of a failing clearing house arm of Penson Financial clearing house arm by Peak6. They did this because they owned Options House and they cleared their security trading through Penson Financial. Apparently, Penson Financial didn’t know how to manage collateral and follow all the complicated regulations required to be successful in retail options trading and was turning off the options buy button for Options House in 2012, but allegedly there were also issues with liquidity and a lack of trades in the aftermath of the 2008 GFC. Peak6 then bought out Penson Financial and created Apex to bring the clearing house in house and provide a solution for Options House so they could do the thing in their name. Summarized from this [Forbes article](https://www.forbes.com/sites/jenniferwang/2021/10/25/this-little-known-woman-billionaire-apex-peak6-built-a-fortune-powering-fintech-firms-like-sofi-and-webull-robinhood/?sh=12bc8e1d7297). + +[Options House](https://www.marketswiki.com/wiki/OptionsHouse,_LLC) was acquired by ETrade in 2016. Who as we know, turned off the buy button in the 2021 Sneeze because, surprise, Apex was the clearing house for ETrade still. + + + +**What does it have to do with Gamestop?** (the tinfoil) + +If Robinhood, ETrade, and others turned off the buy buttons “because of the clearing houses”, then why did the clearing houses NEED the buy button turned off? + +In all of this research I did this afternoon, I keep coming back to clearing, clearing houses, collateral management, and it all points to issues with counterparty risk, which means somebody knew somebody on one side of these transactions was gonna go down if they didn’t turn off the buy button (i.e. become insolvent prior to settlement). During the sneeze, Apex and some other clearing houses must have received information that somebody near and dear to them or even themselves was going to be fucked if they didn’t stop providing clearing house services for retail Gamestop buy transactions. This was probably because that somebody near and dear knew so many of the shares being traded at the time were just synthetic shares being gobbled up by retail and that by the time they settled those trades entirely, the house of cards was going to come tumbling down. + + + +**Tl;dr**: + +APEX Clearing is the clearing house that provided clearing services to most of the brokerages that turned off the buy button during the sneeze. They likely turned off the buy button to protect somebody who was worried about one side of the counterparties (buy or sell) in a GameStop going insolvent prior to the trade being settled, probably because the trades were completely synthetic at that point. +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. +Over the last year or so I've realized I have too much of my capital invested in the market. I would like to get out of some positions but I know it's bad to sell everything at once. What is the best way to reduce ones holdings and modify my portfolio. What approach should I take? +Edit: not had any issues with the tenant since our lease started last year. + +&#x200B; + +As stated in the title I am currently looking for a a 3 bedroom unit for my tenant. Our lease is month-to-month so them leaving won't be an issue. I have searched online through various websites to get in touch with owners and such but no luck outside of one who confirmed that his unit was not available for rent or anything. I am currently searching on Zillow and likely will do the same on [realtor.com](https://realtor.com) but until I hear from someone does anyone have any suggestions as for getting in contact with the owners or actually finding a 3 bedroom unit so that I can speak to them about my tenant and their background. I'm sure it's a fairly simple process but so far I have not heard from anyone in response to my requests. I attempted to contact about two units on [Trulia.com](https://Trulia.com) but have not heard from anyone yet. + +&#x200B; + +The tenants are living in a condo currently but are having a 3rd child soon so I mostly focusing on homes and condos rather than apartments. However I am open to all suggestions for them as the background will be a key factor in them finding a place to live. If there is any importation I left out that I need to add or can answer through comments please let me know +[https://www.barrons.com/articles/stock-market-hawkish-fed-51624052659](https://www.barrons.com/articles/stock-market-hawkish-fed-51624052659) + +The Federal Open Market Committee’s latest policy communications raised more questions than answers. Perhaps the biggest one: Can the Fed ever really raise interest rates? + +&#x200B; + +At face value, and with a big dose of relativity, this past week’s updated summary of economic projections and commentary from Chairman Jerome Powell marks a hawkish turn. Officials signaled rates could rise in 2023, earlier than previously telegraphed. And during his press conference, Powell acknowledged for the first time that inflation may turn out to be hotter and more persistent than the Fed has projected—no small change for a person who has pushed the idea of transitory inflation, says Tom Porcelli, chief U.S. economist at RBC Capital Markets. + +&#x200B; + +But when you take a step back, the Fed remains about as dovish as ever. When the consumer-price index is running at 5%, it’s hardly hawkish to say there is a chance price acceleration is faster and lasts longer than anticipated. It already is, and it already has. + +&#x200B; + + Powell, like past Fed chiefs, told investors to take the so-called dot plot of officials’ economic projections with a big grain of salt. But to the extent the dots are useful for reading the internal debate, they still show that only three members changed their view for raising rates in 2022, not enough to lift the median forecast from 0.125%. How hawkish can this all really be if, all told, the most skeptical members are thinking about raising rates by 0.5% in 2023? Moreover, the dots’ 2023 message runs counter to the Fed’s own updated economic forecasts. It still sees inflation hardly above 2% in 2022 and 2023, despite the new tolerance for above-target inflation, and it predicts a meaningful slowdown in growth after this year. + +&#x200B; + +Stocks and bonds initially sold off on Wednesday after the Fed’s policy meeting but quickly recovered. The Nasdaq Composite index, full of expensive growth stocks, closed just off a record high on Thursday and bore the lightest brunt of Friday’s selloff after St. Louis Fed President James Bullard said he expects the first increase in late 2022 (Bullard is a voting member next year). Still, Friday’s declines are hardly a tantrum and the yield on the 10-year Treasury note was lower Friday than where it was before the Fed news. More interesting still is how the 5-year/5-year overnight indexed swap has traded. + +&#x200B; + +The 5-year/5-year OIS captures investors’ expectations for the peak fed-funds rate in the business cycle, says Joe LaVorgna, chief economist for the Americas at Natixis. When long rates were selling off earlier this year, the gauge rose to about 2.40%, he says, suggesting traders assumed that the next tightening cycle would look broadly like the last one. After the Fed’s meeting on Wednesday, the gauge was yielding 1.94%. At press time on Friday, it was at 1.71%—the lowest yield since early February. + +&#x200B; + +“We don’t believe you,” the futures market is effectively telling the Fed, “and saying it loud and clear with a megaphone,” LaVorgna says. + +&#x200B; + +Recent history has sided with the market, not policy makers, he says. He points to the long-run equilibrium funds rate, which the Fed had to keep revising lower amid a falling 5-year/5-year OIS. Once thought to be around 4%, the Fed’s long-run rate estimate is now between 2% and 3%. The high end of that range still appears far too high if the 5-year/5-year OIS is a guide. + +&#x200B; + +It makes sense. Financial markets’ sensitivity to monetary policy has never been higher. The Fed’s balance sheet has doubled since the end of the 2008 financial crisis, now 40% of gross domestic product. By buying massive amounts of bonds, the Fed has lowered rates and used asset prices—especially stocks—as a primary tool for monetary policy. That’s through the wealth effect, or the tendency for consumers (which make up two-thirds of gross domestic product) to spend more as their assets grow. Any correction in stock prices would negatively affect economic growth and thus limit the Fed’s ability to tighten, the logic goes. + +&#x200B; + +Less discussed: the prospect of further fiscal spending would itself make tapering bond purchases a tall order. The Fed has become such a dominant force in the bond market and would presumably need to keep buying the additional debt as the Treasury incurs it. (The Biden administration has proposed a $6 trillion budget for 2022). + +&#x200B; + +That’s one piece of the argument that the Fed won’t be able to meaningfully tighten. Another is the debt side of the economy. If the Fed was unable to lift rates above 2.5% during the last tightening cycle, and had to cut rates in several meetings before the pandemic prompted its emergency actions early last year, why would it be able to raise now? Since then, U.S. households, businesses, and the federal government have grown only more indebted. + +&#x200B; + +“When an economy is running a debt-to-GDP ratio at 100% or more and growth is debt-driven, it’s very hard to raise rates,” LaVorgna says. “The Fed is in a box and I don’t think it can get out of it.” + +&#x200B; + +The upshot? Easy money is likely to be flowing well beyond 2023. For now, that would translate into continuing stock-market gains, especially in rate-sensitive areas like technology. What that means for the U.S. economy is another question, and what it means for markets longer term is yet another. + +&#x200B; + +To LaVorgna, it probably all leads to what he calls secular stagnation. A euphemism, perhaps, for stagflation. + +&#x200B; + +Investors worried about inflation remain no less concerned. The Fed tiptoed toward acknowledging that current policy doesn’t square with reality, but it didn’t really move the needle, says Peter Boockvar, chief investment officer at Bleakley Advisory Group. “I’m someone who thinks the Fed has been doing 200 miles per hour in a 50 mph speed zone. I saw Powell slow down to 175.” + +&#x200B; + +Boockvar remains long areas that hold up best during periods of rising inflation, including energy and agriculture stocks, precious metals, and Asian and European equities. “Inflation is now a Main Street story,” he says. “I’m gritting my teeth and sticking to it.” + +&#x200B; + +So too, it seems, will the Fed. It may have no other choice. +The Rational Reminder Podcast recently released their [model portfolio](https://static1.squarespace.com/static/5093f3c5e4b0979eac7cb481/t/5fdab7e2e401234a59456a9e/1608169442374/Rational+Reminder+Model+Portfolios_12-2020.pdf) which follows a factor investing strategy. They did a detailed [podcast](https://www.youtube.com/watch?v=zlexP0hIprg) which walked through their development process, with the final results below (going with most aggressive portfolio): + +30% XIC.T - iShares Core S&P/TSX Capped Composite ETF + +30% VUN.T - Vanguard US Total Market ETF + +10% AVUV - Avantis® U.S. Small Cap Value ETF + +16% XEF.T - iShares Core MSCI EAFE IMI ETF + +6% AVDV - Avantis® International Small Cap Value ETF + +8% XEC.T - iShares Core MSCI EM IMI ETF + +The biggest change from their old portfolios (which were similar in holdings to an XEQT/VEQT but not weighting) was the addition of two small cap value, US ETFs. + +I currently hold XEQT but don't care for the heavy U.S. weighting and I like the look of this breakdown. What are your thoughts vs the "one stop shop ETFs" like XEQT/VEQT that are so heavily pushed on these boards? +EDIT 2: Please see the new post, which contains an update about the situation I'm in: + +&#x200B; + +[Recent post about me being held financially hostage (18f) by my brother : povertyfinance (reddit.com)](https://www.reddit.com/r/povertyfinance/comments/u55za7/recent_post_about_me_being_held_financially/) + +&#x200B; + +&#x200B; + +EDIT: Thanks for the encouraging comments, I'm catching up with them and I know something was up but I could not locate the faults in my life, due to always being exposed to them. I guess I'll have to seperate asap and cut ties at least to my brother, whilst making sure my mom is safe n sound + +&#x200B; + +&#x200B; + +Hello, I really need advice... + +&#x200B; + +my family is very divided, there is only my mother who is almost 60 and my brother who is 30. + +&#x200B; + +There is no inheritance or other financial security. My brother is of the opinion that due to the fact that I spent my 18 years of life (I am 18) with my mother, I am in a blood debt and was provided for with shelter and food, etc. + +&#x200B; + +My brother and my mother wanted to buy 4-5 years ago an apartment for 200,000 dollars, with a loan that runs only for 10-12 years. You understand what a big financial burden that is. That did not work out so far, they're still looking afaik + +&#x200B; + +My brother works a maximum of 19 hours a week and earns around 1300 to 2000 dollars a month. My mother works full time and earns 2500 dollars... He is not willing to maximize his hours to 40 a week because the tax burden makes him earn less, so to speak, for his work. This is his explanation... + +&#x200B; + +Now that I'm planning to go to college and already looking at moving away afterwards, he's threatening me with suicide, since it didn't work out to take out a big loan with my mother 4-5 years ago and he can't get one approved, since our mother is almost 60.... He wants to stay with her all his life and when she is dead, kill himself. + +&#x200B; + +He absolutely wants that I as soon as I have finished my studies, fulfill my blood debt to my mother to help him get a loan, so he and my mother can get an apartment (which in this area are already a 250-300k pricing)... Otherwise, he'll kill himself as soon as she's dead, due to fear of old age poverty. + +&#x200B; + +That would be an immense burden on me, as I feel like I'm helping them at the expense of my ability to pay. What if I don't get a job? Or become unemployed? I would not be able to pay off the loan and even worse, I might not be able to pay for my own rented apartment... And if I don't help him get a loan, it feels like I'm betraying my mother. + +&#x200B; + +I honestly don't know what to do and I need your opinion, whoever reads this. It seems that I am forced to give my brother a luxury of a lazy life while I do everything I can to improve my financial situation and still get fudged. I would always support my mother... + +&#x200B; + +Am I the asshole for... not wanting to contribute to a loan? My mother and brother currently reside with me in a trailer park, with neighbours who she does not like. She'd be fine with renting a little more expensive place to have a better QOL and not reside in a trailer park no more. Meanwhile, my brother is urging her to stay, or at least to not pay more for another place. + +&#x200B; + +I dunno what to tell my brother, or do... I feel so torn... Like, I feel manipulated. But I dunno... + +&#x200B; + +sry for errors yall, im writing this in panic +So how do all we feel about LRC compared to MATIC? + +I have 1 small bag in MATIC and 1 large back of LRC. + +Currently I'm betting hard on LRC due to the zkRollups, their scalability & security on the eth network. + +So what are you betting on? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi all, + +First, sorry if this isn’t quite the appropriate place for this question - happy to move it, if you can tell me where. + +At the end of all this, I’d just like to know if you think our solution is a reasonable one or if you think there might be a better approach. This is happening no matter what, so the question is how to mitigate the disaster. + +The story is a little long, so I’ll do my best to briefly summarize. My brother was let go from his job last fall because the funder for one of his contracts did a random, but very thorough background and found something from 20 years ago that my brother had no idea would be on his record. That’s a whole other story, and for the most part actually ended happily (see: edit2). + +While he was unemployed he kinda freaked and bought a large truck (like, 18-wheeler), so that he could lease it out to our father who’s a lifetime truck driver and receive a portion of whatever income that generates. He borrowed money from his 2 cousins with the promise that as soon as the truck started making a profit he would pay them back. + +Fast forward several months and the truck is still parked where he got it and he hasn’t been able to put it use (for many reasons, it’s kind of an old truck, many of the companies are very specific about what they need in the truck *and* he’s very adamant he wants our father as the driver so he can find him work (currently unemployed)). + +My brother has asked our mom (63) if she can take out money from her 401k to pay the cousins back and that he will pay my mom back in whatever way her 401k provider needs. The provider allows her to take a loan out against her 401k and just pay it back in monthly increments. + +My brothers still holding out hope that the truck will be put to use (he’s basically been applying for jobs for my father, citing the personal ownership of a truck which is always a plus in that world), but he says that if he can’t find anything by August he’ll just sell it off. So in either scenario (truck works or truck is sold), once the 401k payments start, he’ll be able to pay my mom back. + +One small quirk about the payments is that they’re actually going to be removed from my moms paycheck directly until she retires (in 2 years) so my brother will be making payments to my mom first and then, if money is still outstanding after 2 years, will pay the provider directly in loan coupons. Might not be relevant but just thought i’d mention. + +So finally, they’ve landed at choosing a 60month payback period (longest you can go) and my brother will pay my mom on the 1st of every month for the 2 amounts she will see taken away from her paychecks (and we’ll figure out the 3 paycheck month). If the truck is sold, you can kinda pay off the whole loan at once (i’m sure it will be sold at some loss, so he’ll have to figure out the difference). But if it generates income and he starts to do monthly payments, then we decided we would open another savings account where he would deposit any extra money on top of the minimum monthly payment he’s making. Eventually, when the amount in that savings account equals the amount still owed in 401k, he’ll just pay the rest off. + +Does that sound reasonable? Any other suggestions? + +My mom works very hard (kinda manual stuff) and I’d hate to see her suffer in any way. I don’t have any real resources to help, so i’m really just turning anywhere for some insight. + +Edit-1: the best overall solution is not doing it at all. that is obvious to me, but like i’ve tried to make clear, mother is doing this no matter what. the most i could do is suggest my mother give him some strict terms. + +Edit0: the advice ask is how to mitigate the possible setbacks from the inevitable loan. + +Edit: i’m pretty sure he can’t get a loan on his own. + +Edit2: brother has a job now (but as of a month ago, not this whole time) + +Edit3: the 401k loan will not come due when she retires (verified with the 401k provider). i called specifically about this, seems like things stay the same but the method of payment changes (from direct paycheck cuts to loan coupons) + +Edit4: just so the perspective is right, this wasn’t my brother venturing out into a possible source of wealth. he was unemployed with 2 hungry kids. the man was desperate. but as edit2 says, he has a job now. + +Edit5: parents are long separated + +Edit6: the loan is a non-negligible percentage of the 401k, like a quarter to a third i’d say. + +Edit7: just took a non-essential sentence away that inspired some unproductive posts + +Edit8: brother hasn’t verbalized it in so many words, but i suspect he feels greater shame being in debt to cousins who he grew up with than to his mother +When ETH was rougly $200. I gave my ex-girlfriend's father 23.4 ETH to help renovate the house, as her father already had some and was withdrawing it for some major repairs and couldn't get his dream shed started. + +Me doing this caused us to break up ironically as she took the "my family doesn't need help - when it was simply a kind gesture for informing us we would be co-owning their house when they passed away. + +Today, I drove past the house on my way home - from dropping a co-worker nearby. + +The house looks great, and I'm happy the family put the ETH into what they said they would (I assume - as I never asked for the finances back). + +But looking back on it now... that's around 90k (now) in today's value I handed over back then. + +It makes my stomach curdle, but also makes me weirdly feel like I did good. + +I'm so conflicted between happiness and feeling so sick, especially having to withdraw all my crypto assets as of late to get by (as most would be with COVIDs impact). + +Did I do the right thing in never asking for it to be returned? Is my sick feeling natural? + +Idk... what are your experiences that are similar to any degree, maybe that will ease my (likely over-reactive) negative feelings. +Hello all, + +I not a big fan of LEAPS options but due to market volatility, I considered selling 1-year-CSP on SPY if S&P 500 drops back to \~3600. I do not know if market has bottom but I think we are close. + +I have some cash in brokerage and savings account and I have been using brokerage funds to DCA in ETFs during downtrend. I can utilize my savings account as a margin to sell SPY CSP and if I get assigned, I do not mind having 100 shares in SPY. + +Anybody is selling LEAPS puts in this market? Is it good strategy? +Edit: u/humanslime supplied a link to his [public statement](https://www.sec.gov/news/public-statement/gensler-fsoc-libor-2021-06-11). It is formatted far better than mine is. +--------------------------------------------------------------------------------- +Below I have transcribed SEC Chairman Gary Gensler's address to the Financial Stability Oversight Council. Sorry for the formatting, I am smoothbrain that typically operates on mobile. + +Video, Gensler @ 20:20 [https://treas.yorkcast.com/webcast/Play/f5be3d221c084e9ea64adba4bd6c15aa1d](https://treas.yorkcast.com/webcast/Play/f5be3d221c084e9ea64adba4bd6c15aa1d) + +Gensler @ 20:20 transcribed: + +"Thank you, Madam Secretary. This discussion of LIBOR brings me and reminds me of Hans Christian Anderson and Warren Buffett. You might be wondering why I'm thinking about these two men born 125 years and an ocean apart in the context of LIBOR, and I promise I will get to that in a minute. + +LIBOR came together in the early 1970s so that banks could make loans with floating rates. But the question was, "What rate would they reference?" and by the 1980s, they had coalesced around this idea of using unsecured rates at which, in London, loans they were making to each other. And over the years LIBOR got to be so popular it was embedded in literally hundreds of trillions of dollars in financial contracts around the world. Loans, derivatives, mortgages, you name it, even supplier arrangements. And yet, there was this basic problem: in good times, it was very little lending of unsecured term loans between and amongst banks, in London or anywhere else for that matter. And in stress time, even that small market went away. + +Long before the 2008 crisis, that market largely dried up, banks simply were not making term loans to other banks without getting some collateral in return. That created something akin to an inverted pyramid. A massive market today, about $220 trillion, but then, even more -- larger, that was referencing a small market at the tip of the pyramid upside down and there was very few underlying transactions. + +So, as Hans Christian Anderson wrote in his famous folktale, “The Emperor's New Clothes”, the emperor had no clothes. Because few transactions underpinned LIBOR, the people responsible for determining this benchmark tended to use their own judgment in setting it. Those were the good faith actors. But there was also another challenge. On top of that, LIBOR was easy to game. Partly because of the inverted pyramid. + +When I was honored to be the chair of the Commodity Futures Trading Commission, the excellent staff did a remarkable job uncovering many cases of manipulative conduct of large banks and even interdealer brokers. Finally, somebody had pointed out that the emperor had no clothes. In 2013, the FSOC called for U.S. regulators to step up to promote a smooth and orderly transition to alternative benchmarks with consideration given to issues of stability. That's what we're doing here eight years later, but the ARC and other committees did a lot of work along the way. The Financial Stability Board, just last week, echoed these views and they said, quote, "Benchmarks which are used extensively must be especially robust. To that end, I have several concerns about one rate that a number of commercial banks are advocating as a replacement for LIBOR, this rate is called the Bloomberg Short Term Bank Yield Index, popularly known as BSBY. I believe BSBY has many of the same flaws as LIBOR. Both benchmarks are based upon unsecured term bank-to-bank lending, termed BSBY, whether one month or 12 month, is underpinned primarily by trades in commercial paper and certificates of deposits, issued by about 30 banks. For instance, though, the median trading volume behind three month BSBY is single digit billions per day, and even less, six and 12 month, BSBY even lower. Thus BSBY has the same inverted pyramid. Multiple trillions, couple hundred trillions, based on a pyramid, upside down, on a small bit of trading. We will see a modest market shouldering the weight of trillions of dollars of transaction. When a benchmark is mismatched like that, there’s a heck of economic incentive to manipulate it. That’s why I believe the Secured Overnight Financing Rate, which we’ve talked about, which is based on a nearly trillion dollar market daily, is a preferable alternative rate. These markets underpinning BSBY not only are thin in good times, they virtually disappear in a crisis. Last spring the primary commercial paper lending department evaporated for about five weeks during the stress period of the pandemic. We just had a discussion about the lack of resiliency of prime money market funds, particularly in stress times and particularly because of commercial paper and CD, so we shouldn’t forget those lessons here. In the wake of the European debt crisis. The financial crisis, the International Organization and Security commissioners issued a report on the hygiene of benchmarks like LIBOR. That group, which I was honored then to co-chair in my previous roll, found it was necessary to establish a benchmark quote that reflects the credible market for an interest measured by that benchmark. I don’t believe BSBY meets that standard. I do not believe it is, as the Financial Stability Board urged, especially robust. Now, I understand that some market participants may believe otherwise. They might believe it meets that standard, and at first glance, BSBY might seem like an improvement on LIBOR, a more resilient benchmark. But I would suggest we not make that mistake. It might look a bit different, but it is still the same emperor. It still represents the similar risk to financial stability and financial resiliency. + +I promise this brings me to Warren Buffett. Warren Buffett, he said, you only find out who is swimming naked when the tide goes out. I’m worried that a crisis will reveal BSBY’s flaws all too clearly. Let’s not wait until the tide ebbs to see that the emperor still has no clothes. I thank you." + I was wondering, and probably not only me...how are you and what is up? ( because we know what is down this days:) + +Anyway, we are still here waiting patiently for your return and in the mean time we throw poop (sometimes for fun and sometimes because we have to) +Say you have a portfolio worth £500,000, this could easily generate £20,000 in Year 1. More in future years as dividend grow in good companies. + +Theoretically you can live off that if you want, or at least work part time. Does anyone do this? If you do, please share what size your portfolio is, major holdings, how long it took to get there and future plans! + +I'm 24 years old and currently have a £32,000 portfolio, major holdings across the FTSE 100, FTSE 250, S&P 500 and a bit in India. + +Thanks + + +I'm usually following a buy and hold strategy using 2 or 3 ETFs for diversification. I usually buy each month and keep them no matter what ups and downs. However, I have bought a similar ETF to QQQ, which is at an ATH. + +It seems to be very high, but at the same time, I know that time in the market beats timing the market. When should I consider selling to keep the profit? What's your exit strategy, if any? +I am a student and I just started doing my internships in several law firms in Western Europe. Now my boss from a very small law firm in France often mistakes the internship indemnity/salary that the firm has to pay at the end of the month (so that they don’t have to pay social charges) and I get less than written in the contrat (they pay me by hour, written in the contract) This has being very frustrating. + +Coming from an Asian culture and being a woman much younger than my boss, I found extremely difficult to talk about money and the fact that I will disturb my coworkers. To be honest, having lived in France for several years, I found people here rarely talk about money either. Any advice on how people talk (in a better and constructive way) about money? +Thanks! +I got a rather large sum of money and want to invest it. I got it from my grandmother. It is the first time that I consider investing and I have no idea where to start apart from making an appointment with my bank. I'm sorry if this question is asked a lot. Any and all help is very much appreciated. +Hi, +I am a graduate student in german in Robotics. +How can I begin investing in EU and in Germany? +I know a little about stock trading and I am using platforms such as Trading 212 and etorro to make some investments. +But other than that, what areas can I invest in to produce additional income? +I am currently on a recruitment process with a tech company in Stockholm. The position is as an Associate Project Manager, and they are looking for someone entry level. I just finished my master's from an european university, and I have a couple of internships in business development in 3rd countries (not my home country, not my current country) totaling to one and half a year. Previously I have been on an interview with a European company (although not in Sweden) and I blew it off at the salary discussion because I am blind about the salary situation in the country. Can anyone suggest me around how much the salary starts for such position and my qualification? It is not IT/engineering position, mostly a project management position. +I'm not here to get into FUD or who said what or who was right or who was wrong... + +**WHO CARES?** + +In ANY group of INDIVIDUALS, there will be differences of opinion. + +These differences, do not need to divide us. + +**COLLECTIVELY** as **INDIVIDUALS** can we take a moment to remember why we are all here? + +Look at the journey each of **YOU** has undertaken!! + +It is likely different for each and every one of you! + +* OG APES +* JAN APES +* FEB APES +* MAR APES +* APR APES +* MAY APES +* JUNE APES +* JULY APES +* AUG APES +* n00b APES!! + +It doesn't MATTER! + +BECAUSE why you are here at a BASE level is the same for all of us! + +**I like the Stock** + +**You like the Stock** + +RC is a sexy genius playing 4D chess and DFV is a beautiful soul that has guided a bunch of idiots towards a better world. + +Hedgies have been fucking us over for decades and it's time we put a stop to that shit. + +**IS THERE ANY APE HERE WHO DISAGREES WITH THAT?** + +I'm guessing not... so instead of bitching about FUD shit... how about we take a moment to appreciate the Ape next to you. + +Who cares if they are slightly different in their approach, or opinions... + +Who cares what they said, or if they were right about something or wrong about something. + +**THEY STILL LOVE THE STOCK AND THEY ARE STILL PART OF THIS JOURNEY.** + +They are part of what got **YOU** here just as **YOU** are part of what got them here. + +&#x200B; + +As **INDIVIDUALS** we have grown, we have learned, we have held through all the shit, and despite some of the most powerful entities in the world against us, we have not **BACKED DOWN!** + +&#x200B; + +When MOASS comes, this petty shit won't matter because **EACH** and **EVERY** one of **YOU** is going to have an account **FILLED** with Phone Numbers! + +It is likely the media will paint us as some cult that caused a global economic collapse. + +But **EACH of YOU** will know the truth. + +**EACH of YOU** will have been part of this. + +And... **EACH of you** will be able to turn to your Brother and Sister Apes and Apettes, and find that **COMMON UNDERSTANDING** of what **REALLY** fucking happened. + +**YOU ARE PART OF SOMETHING HUGE - AND THE REWARDS (BOTH MONETARY AND OTHERWISE) ARE COLLOSAL.** + +This is what I personally wake up thinking about every day. + +&#x200B; + +**CAN WE TAKE A MOMENT TO APPRECIATE THIS?** + +Apes TOGETHER fucking UNSTOPABLE! +I tried to give this chain the benefit of the doubt multiple times yet it always seems to fail my expectations. + +Either it’s down cause its out of RAM, got attacked by a DDOS or now it got hacked. +There’s always something wrong with this chain. + +Honestly I feel like it’s one of the most overhyped projects on the market especially with other chains like Polygon being MUCH more consistent, cheaper and faster. +At least when Polygon gets DDOSed it doesn’t come to a complete stop like Solana. In fact even with the attack, Polygon still had one of the cheapest fees on the market. + +I honestly don’t know why anyone would keep supporting and hyping this chain anymore… +I know there are some decent monthly payers. I have some monthly and I have some that pay quarterly and even yearly. I'm wondering what you all think about adding different quarterly payers to receive monthly dividends. + + + +I don't know if it matters much because I can build up one good stock that pays 1-4-7-10 instead of adding one that starts February instead. It just seems easier to keep track of them having them spaced out, something like budgeting on a shorter time period. And of course quality of the company comes first, that's what I've been doing is adding what I find as a quality dividend payer regardless of when. +I am starting to buy stocks that pay dividends and I know you buy low and sell high but with these stocks, you hold. My question is, do I wait for them to drop before I start buying or should I buy right away?(I have looked up companies first already) +Pretty straight forward. What are your thoughts on this? + +I can say that in my early 20's I was HORRIBLE with my money, I had nothing. Most of my money went to hotting up my car and being the typical early 20's party douche who lives the 'fake rich' high life chasing girls and partying and going to fancy dinners etc. Looked rich to those who didn't know any better, but in reality I was living in my mums basement lol. (Not literally) + +Now I'm in my late 20's and very well off for my age, but I have noticed something very strange. Before I had never valued money and had spent it at will and always felt rich. But now that I changed all my ways and have quite the savings, I can now slowly feel my butt crack getting tighter by the second and mentally feel poorer. I feel as though anything that eats at your money which will not help you gain more in return is poison, and that I am only interested in finding ways in which will help me earn more. A complete and total 180 mindset shift from my life in my early 20's. + +So the moral of this post is, I have plenty of money now but feel poorer then when I had no money. In saying that, I am definitely happier now then when I was in my early to mid 20's which is whats most important. + +What are your thoughts? I would love to hear if anyone shares a similar experience to what I have described above. + +&#x200B; + +PS: AusFinance sub was my literal life saver. I would like to thank each and every one of you who take moments out of your busy lives to contribute to these forums without any personal gain. Without realising so, you have all contributed to changing the financial lives of many people like myself and the other thousands of both financially uneducated and educated people out there. These forums are the blueprint to success and this is a huge **'THANK YOU'** to each and every one of you! +I need some advice and clarification on this. So, quick backstory on the matter. My mom filed for bankruptcy 5 years ago (the kind where her wages were garnished for 5 years until what was owed was paid off). It's been about 8 months since her garnishments ended and is able to start over with a clean slate. + +However, she's got it in her head that she needs to buy a house...with no down payment and after just finishing dealing with a bankruptcy. I think this is a terrible idea. I asked her how is she going to afford expensive home repairs if she has no money? She said that she's just going to buy the warranties available when buying the house. + +Now, because her credit is now back to zero, she's not going to be able to get a loan for the mortgage. Her lawyer (or whoever handled the case for her) told her that a good way to get some credit back quickly is to have her name added to a credit card of someone with good credit. That way she builds up credit and then she can apply for the loan. That's when she called me. + +Basically, she's asking if I can add her name to my credit card as an authorized user. She will not have access to my bank account, credit card, or anything like that. It's basically just a way for her to build credit based on my own purchases. + +I asked her if when she applies for the mortgage, if it's my credit that gets used if I do this, she says no. I plan on calling my bank tomorrow about this since the credit dept. doesn't work weekends. But considering my mom's history with bankruptcy and huge amounts of credit card debt in the past, the idea of sharing my credit with her in general makes me uneasy. I love my mom, but I think the fact that she even has to ask for her daughter to share her credit with her after a bankruptcy to buy a house means that she shouldn't be buying a house. I sort of tried insinuating that she shouldn't, but she's stubborn. + +Is there any way that this will hurt my own credit by adding her name to my credit card in order for her score to go up until she's ready to apply for a home loan? She has again told me that she will not be using my name or credit when applying for the home loan, that this is merely so her own credit score will go up so she can apply for the loan when her score has gone up some after some months. Please advise! + +**Edit: I talked to my mom and told her I didn't feel comfortable. I asked what her other options were and she said that they can check her rental history of the last 2 years for any late payments, etc which I know she'll be fine on that front; she's always made her rent on time, every time. I feel bad about it because I don't want her to think I don't want to help her, but just combining bank/credit anything, even if it doesn't affect me in this context, makes me uneasy. I hope she understands. +I own my 2010 Honda Fit outright, and I'm selling it. Since I don't think the buyer will, or should, show up with that much cash, what is a safe way to receive payment? + +Cheers! +The last few months have been quite eventful for uranium investors, with shares of companies all across the sector appreciating in value substantially. There have been many reasons why this is the case and it feels different to just being strong seasonality. Below are 15 ‘first time’ things to look out for in this sector to start the year with, with full credit going to John Quakes (@quakes99 on Twitter), a retired earth sciences researcher, professor, analyst, writer and one of the best public sources for news about the uranium sector. I share his view that 2021 will prove to be an incredible year for the uranium sector and subsequently for anyone invested in it. Now, onto the aforementioned ‘first times’: + +First time entering a new year with uranium already in a record supply deficit, which is set to deepen further with 2 major mines permanently closing this year in Australia and Niger (\~7 million pounds, gone). At the same time, demand for nuclear energy has remained strong throughout the COVID-19 pandemic and continues to grow in a global shift to decarbonize industry dependent on fossil fuels. + +First time that Cameco, the world’s 2nd largest producer, has begun a new year with every one of its uranium mines in Canada shut down. Both of the world’s 2 largest uranium mines are under care and maintenance, resulting in zero lbs being produced in Canada as we enter 2021. The US is also producing zero lbs while Kazakhstan’s production is at a multi-year low that is likely to continue thru 2022 under the nation’s current flex-down program and pandemic related mining disruptions. All uranium mines in the Ukraine have also been shut down due to the inability of the mine operator to pay the wages of 5000 mine workers. + +Fist time that at least 3 of the world’s largest uranium producers are forced into buying uranium on the spot market. Cameco is now the largest spot market buyer in the world. World’s largest producer Kazatomprom is now also a spot buyer, as is French Orano given that heir Canadian mills are suspended and their Cominak mine in Africa is heading for closure in March. Inventory held by the world’s largest uranium producers is at rock bottom levels for the first time ever and in need of replenishment this year. + +First time the US has taken steps to support its domestic uranium mining industry by establishing a strategic uranium reserve, a 10 year buying program (1.5 billion dollars total) whereby the US government will purchase, convert and potentially enrich US mined uranium to create an emergency supply for US reactors. Goal is to ensure at least 2 US uranium mining companies remain active and viable during this time when the commodity price of U3O8 is half the cost of production. + +First time in several decades that there is strong bipartisan support in the US to rebuild the existing nuclear energy industry and manufacture a new generation of advanced reactors on a global scale, which is seen as a high priority in order to catch up with Russia and China who have become the new world leaders in nuclear energy. + +First time that uranium equities have entered a bull market when there is an actual supply deficit. The last bull market saw the price of uranium skyrocket on mine floods and other events that created the ‘fear’ of a supply deficit on the horizon, at a time when the US-Russia Megatons to Megawatts program was still continuing to supply 20m lbs per year to US nuclear utilities, a program that continued until 2021 as the world’s largest virtual uranium mine. + +First time that a new year begins with spot market supplies significantly depleted. Supply accessible to carry traders has been severely reduced. Kazatomprom no longer sells any lbs into the spot market and Orano’s supply from Canada and Niger is at a record low level, pushing nuclear utilities to secure new long term contracts with producers rather than entering into shorter term contracts with carry traders. Security of supply is a top priority of utilities (whose inventories are estimated to be around 2,5 years’ worth of supply, when the guideline is to never let it drop below 2-3 years given the long time it takes to enrich and deliver the fuel to the reactors). + +First time that US and European nuclear utilities have begun a new year with inventories drawn down below usual safety margins at the same time that mines supply is in a record deficit and global uranium production is at its lowest level in 12 years. The new 2020 IAEA/NEA uranium Red Book projects that secondary supplies will fall in the future as an overdue utility inventory restocking cycle begins, due to higher levels of contracting, conversion and enrichment that will reduce underfeeding as facilities see their utilization rates rise. + +First time in several years that there are no geopolitical overhangs holding back the uranium contracting plans of US and European nuclear utilities. There are no potential section 232 actions targeting uranium imports and no sanctions likely against UUN participants (Russia, China, UK, Germany, France) in the JCPOA Iran Nuclear deal. Russia and the US have successfully negotiated a 20-year extension to the Russian Suspension Agreement that will see the US imports from Russia decline over the coming 2 decades. The incoming US administration supports keeping nuclear power plants running and plans to immediately rejoin the Paris Climate Accord, pushing for global net zero emissions by 2050, a process in which nuclear energy will play a major role. + +First time that nations around the world will be recovering from a global pandemic with massive infrastructure spending programs that include boosting nuclear capacity to achieve net zero carbon emissions goals. A new ‘nuclear renaissance’ is beginning to take shape on pandemic recovery spending to boost clean energy. The perception of nuclear energy is also changing to that of a safe, reliable, necessary baseload power source that fits with an emerging ESG investing model. Decarbonization has become a new buzz word in the global vocabulary. The ‘electrification of everything’ from cars, buses, trucks and trains to major industry is the new global target. Sustainability of so-called renewables solar and wind is now being called into question after failures by Germany and California to successfully transition to an economy powered by intermittent energy sources. Higher electricity prices, no net carbon emissions reductions and rolling blackouts have demonstrated how ‘renewables’ are not able to fulfill their early promise. This might change with new battery technology and better implementation, but we are nowhere near that point yet. + +First time that uranium stocks are entering a new year on the heels of one of their best performance years since the last bull market. The U3O8 spot price is still one-half the global average cost of production that will incentivize new mines to be built this decade. This signals to investors that we are still at the opening pitch of the first inning of a long game yet to play out. A necessary doubling of the U3O8 commodity price is yet to come. + +First time that Canada has begun a new year embarking on a small modular reactors build-out program with several provinces pledging to deploy SMR’s to power remote communities, mines and industrial heat applications in the energy industry. + +First time that nuclear is being viewed as the ideal carbon free high-temperature power source to produce clear hydrogen fuel. US, Russia, Japan and others are looking to leverage their existing nuclear power capacity to produce hydrogen and build high-temperature SMR’s to optimize the use of emissions free nuclear to produce zero emissions hydrogen. + +First time in decades that there is an emerging surge in acceptance of nuclear of nuclear energy as necessary to achieve zero carbon emissions goals, with countries like the Netherlands looking to add more capacity after conducting studies showing nuclear is safer and cheaper than variable renewable energy. + +First time I can recall one of the leading nuclear fuel consultants UxC reporting to their subscribers that uranium is in a 57M lbs mined supply deficit, that utility and supplier inventories are “declining at a rapid rate” just as global fuel demand growth is accelerating, a clear signal that a bull market is getting underway. + +TLDR: with all the catalysts that are in place, I am of the firm believe that uranium related equities, namely the developers and explorers, will offer returns that will outperform any other broad investment asset class/sector in the market. This is a bold claim to make, but I can’t see any other opportunity that offers even close to the same risk vs reward the uranium sector offers. Read my other posts on the subject to get an idea of what companies you might want to look at and to get an answer to any question you might have. Good luck and here is to a great new year! +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +I would like to ask your opinions regarding the questions below. + +I am an EU citizen with earnings and savings in EUR. I am a long-term investor and I am considering investing in an S&P500 ETF as I am a long-term U.S. stock market bull. However, I cam to realize that by buying such an ETF, my bet on the U.S. market can be offset due to the currency risk I would be facing. A 10% return (in USD) due to better stock performance can be offset by a 10% appreciation of the EUR. This means that I would also have to have a view on the development of the USD/EUR which I do not want to. + +1. Is such a currency risk significant / important to consider for a long-term holder? +2. In what case it is advisable for a EU citizen to invest in a S&P500 ETF? +3. I saw many S&P500 ETFs are also denominated in EUR, for instance. What is exactly the point of this? As far as I understand, you are still exposed to currency risk as the fund converts your EUR to USD to buy the underlying stocks anyway. +4. What's your opinion on buying hedged S&P500 EUR ETFs? Expense ratio is considerably higher. +I currently own 12 different ETFs, but I am wondering what the average amount can or should be. I also understand that only having one or two doesn’t allow for a ton of diversification and having 100 would be considered way too many by a lot of people. +Saw some good questions about equities and bonds during inflation and wanted to review Bernstein Deep Risk book to clarify some of the key points that were made in my summary. From Pages 23-33 of Deep Risk by William Bernstein + +Severe and persistent inflation reduced equity returns, but it did not savage them. Even in the areas hit hardest by inflation. Equity holders came out even (0% real return) or decently ahead over long periods (3% real return). + +Even German investors broke even if they were able to hold on to equities during the hyperinflation. Bond holders of course, were wiped out. + +In the US, the sweet spot for united states equities was between 0-4%. Average P/E was 17.5 during this time. When inflation was over 6% though, P/E was 10. + +Stock and Bonds are negatively correlated to inflation in the short term. In the short term(about 1 year), stocks do bad during inflation(-12%), but bonds do even worse(-23%). + +Key Point of above - Over the long term, stocks, although suffering from inflation in the short term, protect against it in the long term. To put it another way, stocks exacerbate shallow risk, but protect against deep risk. Another reason to hold a globally diversified portfolio is that it is unlikely all nations would have inflation and bad luck all at the same time. + +Investing in bonds when inflation is currently low is a bad strategy. Inflation devastates bonds, but only when it is unexpected. When it surprises to the upside, it drives down bond prices and yields up dramatically. + +Bonds of nations with the highest 1 year TRAILING inflation had the highest returns going forward, and that the bonds of the nations with the lowest TRAILING inflation had the lowest returns going forward. This makes sense; bonds respond to surprises and when it is either very high or very low, it tends to surprise to the downside or upside. + +High inflation also introduces uncertainty, tends to drive bond yields higher than trailing inflation. This usually sets the stage for high subsequent bond returns. This is what happened during the Volker years in the United States + +The strategy for above is to stay away from bonds for a few years after inflation has begun to rear its ugly head before jumping back in. Also, a globally diversified stock portfolio, hedges deep risk very well. A fixed rate mortgage is also a wonderful idea. + +Here is the Deep Risk Post + +https://www.reddit.com/r/Bogleheads/comments/sdr4nw/young_investors_seriesthe_ages_of_the_investor/ +I'm almost 30 years old and I've been reading/analyzing a lot about certain ETFs that I believe look promising for the future. I'm currently buying little by little of these every paycheck and am planning on owning at least 100 of each (it'll take some time, for sure). I plan on holding them for at least 20-30 years. These are my picks so far: + +VT, IDRV, BLOK, ARKX, ICLN, IPAY, BOTZ + +What are your guy's opinion on them? + +PS: I also have money invested in individual stocks (CCIV, NIO, MP, PLUG) and crypto. + +Anyways, thanks in advance! +I'm new to the inversed ETF world and I've been playing with SQQQ. Like playing with fire. I'm usually a bull but I've traded in my bull costume and donning my bear suit for now. SQQQ was very good to me this week. + +I keep hearing I should buy puts on the QQQ's instead of buying the 3x's inverse because of the ETF's fees. I've never traded options, so it's going to be a learning curve that I'm not sure I want to get into in this market. + +Can someone explain the pros and cons of SQQQ vs puts on the QQQ? I don't like the idea of holding options until specific dates, but I think I can sell them early if they're in the money? TIA! +Sorry for the click-baity title, but it's all true. I'm sure others have written about this, but I thought I'd bring it up again, as the MOASS grows closer. No one wants to lose 40% of their tendies, and this is an above board way of ensuring you not only pay ZERO capital gains tax, but you also set up an annuity from within the trust that pays you a minimum of 5% and a maximum of 50% of the value of the assets each year. And to top it all off, you get to deduct like 30-40% of your initial contribution over 5 years, I believe. + +First, I am NOT a lawyer or accountant and this isn't legal or financial advise, but I read some things and watched some videos, so I'm pretty much there. But I'm not, so this isn't. + +Okay, so here's the skinny. Charitable Remainder Trust. Pretty sure there's some DD somewhere that talks about billionaires and their "Get rich and die" strategy. I don't recall the particulars, but there is definitely a strategy to it, and it's not even a secret! + +Here's a link to Fidelity's CRT, and there's a pretty good explanation of how it works. + +[https://www.fidelitycharitable.org/guidance/philanthropy/charitable-remainder-trusts.html](https://www.fidelitycharitable.org/guidance/philanthropy/charitable-remainder-trusts.html) + +But for a smooth brain like me, watching videos is more funner. Here's a good one. There are many videos out there, but Max does a great job of simplifying things, while others talk in circles. + +[https://youtu.be/PUAaAjHugiI](https://youtu.be/PUAaAjHugiI) + +I hope this is helpful information, and I will be consulting with my attorney on getting these set up. If you like your money, you may want to consider doing the same. It's a pretty common thing to set up and can make a HUGE difference in keeping your wealth once the rockets ignite. + +That's all. Be awesome! + +Edit 1: geezuz. I’m not suggesting you become a robber Barron. It’s called preventing Uncle Sam from stealing 40% of your gains on top of your income tax. I should have clarified, I’m not trying to emulate evil billionaires. I just prefer keeping more of my money and being in control of when/where/if it gets donated and deployed. + +Edit 2: As I stated, I'm not an attorney or a financial advisor. This post is not meant to be a "How-to" article. It's a starting point to have a conversation with professional to see if this is an option for you and your situation. BUT to keep everyone's panties from getting in a wad, I'll repost one of the comments from a self-proclaimed tax and estate paralegal. I will add, however, that ALL the points u/WSBetty mentions, except for the tax return costs, are mentioned in the video link. Do your own research retards. + +"You are misinformed. You would not get 5% to 50% of the value of the assets each year from any type of split interest trust. You can get income only from a split interest charitable trust.when you set up a charitable trust, you are giving away all right to the assets transferred to the trust and only retain an interest in the income which is taxable income to you. Any assets placed in such a trust can never be undone and therefore you will not be able to pass those assets on to your heirs. The two part tax return will cost you roughly $1500 annually to prepare and it’s not a return most people can do on their own. If you do not have such a trust drafted by an attorney who specializes in this type of tax law, capital gains could be considered income to you and then not only will you pay the tax, it you won’t own the underlying asset anymore. This is a vehicle for people in certain financial positions and it is not for most people. Mods, this post is not educational. Sorry but as a tax and estate paralegal, this is misinformation at best." + +Edit 3: As a business owner, I understand what deploying capital does for the lives of our employees, not just me. It allows for growth and more employment opportunities. And after this wealth creation event takes place, I want to be in control of as much capital as possible so that I choose where it gets deployed. Honestly, it probably won’t be to charities. Most are like politicians, and I don’t trust them. I will invest in low income housing, education efforts in my community, real estate developments, and most importantly into other small businesses who need capital. That doesn’t make me a bad person, and I will sleep soundly doing it. Glad to meet other apes who get that and feel the same. + +And for all the rest of you commie bastards saying, “just pay your fucking taxes!” To you, I say SUCK IT!! 20 some odd percent of my money is ENOUGH!! If the world can’t make it on that, then that’s a “you” problem, not a “me” problem. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +So you're all probably already aware that the ASX is on an absolute dumper of a day - one of the worst days of the past year. As I write this, the ASX200 is currently down just under 3% from yesterday's close. + +What some of you may not know is why this happened. Essentially what it boils down to is the US Federal Reserve releasing the minutes of their December meeting. Link for those interested in the primary source: [here](https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20211215.pdf) Some key takeaways from the minutes: + +* Inflation appears to be more widespread and persistent than the Fed expected (shocked reactions only, thanks 😲) +* Participants noting "significant amount of balance sheet shrinkage could be appropriate over the normalization process, especially in light of abundant liquidity in money markets and elevated usage of the ON RRP facility" (this is the Fed tacitly admitting to there being far too much money running making its way through the economy, makes you wonder where all that liquidity came from?) +* Almost all participants stated that they had revised up their forecasts of inflation for 2022 notably, and many did so for 2023 as well. +* The Committee would quicken the pace of reduction in the Federal Reserve’s net purchases of Treasury securities and agency mortgage-backed securities (MBS), and the median respondent projected net asset purchases to end in March 2022. The median respondent’s projected timing for the first increase in the target range for the federal funds rate also moved earlier from the first quarter of 2023 to June 2022. + +Some of the implications of this, I think, are pretty interesting: + +* A foreign country's Central Bank, announcing that they will taper their asset purchasing program slightly quicker than expected and increase rates slightly faster than anticipated **caused a 3% decline to our stock market in a single day.** A lot of the poopoo-tier investments that run of nothing but speculation and cheap money (read: BNPL) shat the bed even harder. Afterpay down 10% (let's face it though, it's always been a junk investment). +* In light of the above, I think it's clear that despite what regulars on this subreddit will have you believe, market participants believe that QE and low rates have a SUBSTANTIAL effect on asset prices. The mere talk of a reduction in aggressiveness of those in a FOREIGN economy has a led to a fairly sizable single day dip. + +In terms of what I'm doing to mitigate such risks in my portfolio: + +* Increasing exposure to value stocks (particularly essentials - I love WOW). +* Avoiding any speculative stocks, those with extremely high P/E ratios, no profits & tech stocks (exc entrenched players with strong fundamentals like FAANG + MSFT, NVIDIA, AMD, etc). +* Deleveraging + +Feel free to comment whatever you'd like, but I'd be interested in hearing about this sub's thoughts on two issues in particular: + +1. Do you believe the policy of QE and low rates have contributed to distorted asset valuations? +2. Have you taken any steps to mitigate such risks from your portfolio? Why/why not? +State Farm Mutual Returning $2 Billion Dividend to Auto Insurance Customers + +On Average Most Customers Will See a 25% Policy Credit + +https://newsroom.statefarm.com/covid-19/ + + >Customers do not need to take any action to receive this dividend, which will appear as a credit on their auto policy. + +Great news for those of us State Farm customers! +Hi ! + +Although I always had the goal to be financially independent, I’ve only started a couple weeks ago to avidly read everything I could related to financial best practices. + +Looking back, I made many mistakes (mutual funds, not maximized my RRSP & TFSA even though I could), but I’m feeling confident to reach my goals before my 50s. + +&#x200B; + +**Actual situation :** + +* Early-mid 30s, living married in Montréal with a child on the way +* 110k household income +* Good insurances +* 43k in RRSP with WealthSimple Invest + * 28k available + * Investing 18% yearly +* 35k in LIRA with WealthSimple Invest +* 2k in TFSA with Questrade + * 64k available +* 70k in WealthSimple HISA @ 0.75% +* 50K HELOC never used +* 2 condos in Montréal with \~40% of the mortgages already paid off + * We live in the first one and I used to aggressively pay the mortgage + * We’re breaking even financially on the second one by renting it + +&#x200B; + +**Chronological objectives :** + +* Migrate everything from WealthSimple Invest to Questrade to recoup the 0.4% fees of WS black +* Max out my RRSP & TFSA +* Buy a house in the next 24 months and rent our 2 condos +* Invest 2k5$ in RESP every year to get the 500$ from the government for a total of 36k$+ for the 7k2$ from the government +* Do a Smith manoeuvre on my mortgages +* Max out my wife’s RRSP & TFSA +* Be financially independent asap + +&#x200B; + +**Portfolio - 100% (0.1754 MER)** + +* XUU - 40 (0.15) +* VCN - 20 (0.06) +* VIU - 20 (0.22) +* TEC - 7 (0.35) +* ARKK - 7 (0.75) +* VEE - 6 (0.24) + +&#x200B; + +Instead of TEC & ARKK, or in addition without going over 20%, I would buy those single stocks : MSFT, AMZN, AAPL, GOOG, GOOGL, HUBS, AMD, NVDA, DBX, TEAM, ADBE, NFLX, SQ, FB, COST, V, MA + +&#x200B; + +My thinking behind this portfolio : + +* I’m ok to be 100% stocks and no bonds as I’m in it for 20+ years +* I try to follow XEQT/VEQT/CCP/CPM diversification ratio (US = 2\*CAD = 2\*Global without US = 4\*Emerging) +* I’m ok to have a Canadian bias (20% instead 6%), but not as high as 30% +* I keep 14% to « play » with TEC, ARKK & single stocks +* I only buy stock with (In my opinion) strong competitive differentiation that I can witness on a daily basis +* I’m ok to have FAANG redundant overlap & bias with TEC, ARKK & XUU as believe those companies to be sustainable over the long term, and even more powerful after the Covid + +&#x200B; + +**Questions :** + +* What do you think of the plan ? + * What am I doing wrong ? + * I am forgetting something ? + * How can I improve it ? +* What do you think of the portfolio ? + * Should my portfolio be different for my TFSA, RRSP, RESP & unregistered to be optimized ? +* Should I use my HELOC before being able to do a Smith manoeuvre on an unregistered account when my RRSP & TFSA will be maxed out ? +* Should I do something better with my 70k in the 0.75% HISA, knowing I might use it in 2 years for the downpayment of the house ? +* Could WealthSimple Trade be better than Questrade for me ? + * I’m playing with Passiv + Questrade since a week and feel that it’ll be easier to execute my plan with it, rather than the mobile app of WST + * The only advantage to WST would be the free buy of stocks but the 1.5% currency exchange fee for USD seems high + +&#x200B; + +Thank you very much for your help ! + +&#x200B; + +P.S : I posted here and on /PersonalFinanceCanada for advises on both financial life plan & portfolio. Tell me if it's not a good idea since I very rarely post on reddit +[Link to the result (online Google Spreadsheet)](https://docs.google.com/spreadsheets/d/1ILhMfxUr7KvmwwYHfn4HZ9YibHfYdPSPJ9RgcwV-Vyc/edit?usp=sharing) + +So yesterday, I asked this sub [how you felt about your job](https://redd.it/8xaiig). How much happiness do you sacrifice by working, and do you feel like your current salary justifies that? + +I'll be honest, I didn't expect to get >100 responses but I have really enjoyed reading each and every one of them. + +Some of you [have it pretty good](https://www.reddit.com/r/financialindependence/comments/8xaiig/how_much_of_your_happiness_do_you_sacrifice_by/e2203i5/), while others [suffer quite a bit because of their job]( +https://www.reddit.com/r/financialindependence/comments/8xaiig/how_much_of_your_happiness_do_you_sacrifice_by/e22tow6) (this one made me laugh, actually. I'm super sorry!) + +All these responses inspired me to just go ahead and put it in a spreadsheet, which I now want to share with you again. I guess this is my way of giving back, as reading your answers really was fun and inspiring. If you commented on this post, then your answer should be somewhere in that spreadsheet. If not, then I'm sorry, I must have missed it. :( + +I think the graph itself is not that interesting, and there is probably a lot wrong with it (from a data perspective). All the data points are basically my own interpretation of your replies, some of which were detailed but more often than not less-detailed ;-) [Comments like these were pretty easy to chart](https://www.reddit.com/r/financialindependence/comments/8xaiig/how_much_of_your_happiness_do_you_sacrifice_by/e22nju4/). You can see everything I did in the spreadsheet I linked to. I hope you don't hate me for it. + +Also, I've changed the axes around, as mentioned by someone else. Your happiness sacrifice influences salary, not the other way around. + +I like how most of you simply tolerate your jobs (about half of the replies). You don't love it, but the money is good and it provides a means to an end. + +This analysis also makes me appreciate my job more. Hell, I may still be in the honeymoon phase. + +By the way, please don't take this too serious. I just wanted to see how the r/fire crowd feels about their jobs, and had a little fun with your reactions. I might have gone a little too far, I don't know lol. + +Let me know if you have any questions! :) + +The news this week has been neutral to bad. GDP growth was a sham. +Personally I think the market should be 5-10% lower than it actually is. And NASDAQ should’ve made a new yearly low. +I have no current trades in the market. I just want to understand what the heck is going on. + +# 30-day challenges + +We are pleased to announce that we're continuing our 30-day challenge series. The schedule spans the entire year so be sure to keep an eye out each month. + +This month's 30-day challenge is to **get on top of your credit.** Here are some concrete steps you can take: + +# Check your free credit report + +There are three major credit bureaus in the US: Equifax, Experian, and TransUnion. These companies each gather credit histories for individuals and sell that information to credit card companies, lenders, and other financial institutions. + +You can go to https://www.annualcreditreport.com to get a credit report from each credit bureau once per year. It's often recommended to stagger your requests so you can get one every four months so you may only want to request one report at this time. You can use a calendar reminder to stay on top of this. + +Now, your free credit report won't include your score and it also won't include credit monitoring, but you absolutely don't need to buy those from a credit bureau because there are free options. See below. + +Note that the security questions will sometimes ask about intentionally false information (e.g. made-up loans), so "none of the above" may be the right answer. If you can't get past the security questions, you may have to write in to get your report. Also be aware that you don't have to pay for anything on the credit bureau sites. If you find yourself prompted for a credit card number, you might have clicked to sign up for something you might not need or want. + +Also, if you have trouble with the web site, try temporarily disabling browser ad-blockers and privacy extensions. + +See the [Credit Reports Wiki](http://www.reddit.com/r/personalfinance/wiki/credit_reports) for more information! + +# Sign up for free credit monitoring + +You don't need to pay for credit monitoring. Some options: + +* A variety of companies such as [Credit Karma](https://www.creditkarma.com/) and [Mint](https://www.mint.com/) offer free credit monitoring services. [There's a longer list of options in our Wiki.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +* Many employers also offer free credit monitoring for their employees directly with a credit bureau. Check with your benefits department. + +* Finally, if you've been the victim of a data breach like Target or Anthem, those companies are providing free credit monitoring for anyone potentially affected. + +After exploring your options, sign up with at least one of them. More information contained in the [Credit Scoring Wiki](http://www.reddit.com/r/personalfinance/wiki/fico). + +# Find out your credit score + +Some credit cards actually give you a free FICO score as a benefit of having their card. Brands providing FICO scores include Discover, Citi (branded cards only), American Express, Bank of America, and Barclaycard. [Here's a full list of options.](https://www.reddit.com/r/personalfinance/wiki/fico#wiki_how_can_i_get_my_fico_score_or_a_score_estimate_for_free.3F) + +If you don't already have one of those cards, you can get your VantageScore from [Credit Karma](https://www.creditkarma.com/) or [Mint](https://www.mint.com/). VantageScore is used less often by creditors than FICO, but it's a *usually* a good estimate of your FICO score. Paying for your credit score is silly unless you're considering getting a major loan like a mortgage. + +# Get rid of pre-approved credit card junk mail + +[OptOutPrescreen.Com](https://www.optoutprescreen.com/) is the official consumer credit card reporting website to opt-out of offers of credit or insurance. It's an easy win to reduce junk mail and reduce the risk of identity theft (from someone stealing your mail). I recommend signing up unless you're in the process of building credit and actually want to receive pre-approved offers. + +# Are you looking to improve your credit? + +Once you have a score over 740, most credit files are solid enough to qualify for prime rate lending. This means that any additional increase of your score will likely not get you better credit products. + +If you are in a position where you'd like to improve your credit, here are two situations that often befall people when asking for help here: + +* ["I have no credit, and I am looking to get started."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_no_credit.2C_and_i_am_looking_to_get_started.) +* ["I have bad credit, and I am looking to repair it."](http://www.reddit.com/r/personalfinance/wiki/credit_building#wiki_i_have_bad_credit.2C_and_i_am_looking_to_repair_it.) + +# What to do if you find information you don't recognize + +Even though credit reporting is automated, mistakes can still occur. The most common errors can involve names and addresses. If your name is similar to a parent's name, there are also instances where a line of credit is reported on the wrong file. + +The simplest course of action is to dispute the information with the bureaus. Here are direct links to initiate a dispute: + +* [Equifax](https://experian.referral.equifax.com/CreditInvestigation/home.action) +* [Experian](http://www.experian.com/disputes/main.html) +* [TransUnion](https://onlinedispute.transunion.com/disputewizard/) + +Finally, if you believe you've had your identity stolen, read and follow the steps in our **[Identity Theft Wiki](https://www.reddit.com/r/personalfinance/wiki/identity_theft)**. + +# Challenge success criteria + +You've successfully completed this challenge once you've done 3 or more of the following things: + +* Requested a free credit report via annualcreditreport.com +* Set a reminder to request a different credit report in 4 months +* Found out your credit score (either FICO or VantageScore) +* Signed up for free credit monitoring +* Opted out of pre-screened offers +* Initiated a credit dispute with one or more credit bureaus + +It's been two years since having to leave podiatry, and I now have a different job that brings in $2400 a month. But to pay off my student loans, I would need to pay $2200 a month. With income based repayment, I'm paying $110 a month currently, but obviously the loan is just getting bigger. In 25 years, I can ask for forgiveness of the loan, but I'll then owe taxes on the amount forgiven. At that point the loan will be over $1 million, and the taxes will be $475,000. I'd have to save $1600 a month to pay it off, which isn't very practical, either. At this point, my plan is to eventually try to get a job at a non profit or government facility, which would allow me to apply for a different kind of repayment plan (the Public Service Loan Forgiveness Program) that allows for forgiveness after 10 years, and doesn't charge taxes on the amount forgiven. But I've been warned that positions that you would expect to qualify for this repayment plan often won't be accepted, and it's not something I should feel confident about being able to get into. Wondering if anyone on here has any advice for other strategies to pay off these loans now that I will never have the income that I expected to when taking out the loans? + +Edit: Thank you for all of the responses. I've read them all and learned some things that I think will prove useful for managing my debt. For everyone asking, I have a benign glioma that is causing epilepsy and memory loss. Removing it might cause me to forget how to talk, so it stays and podiatry goes away. +&#x200B; + +https://preview.redd.it/cu2dwu87hpy31.jpg?width=1080&format=pjpg&auto=webp&s=f74a9ab1c5bd15797ac4bd164fcccd4ae141fc8f + +If this goes tits up I am going to quit YOLO'ing for a while. This is 90% of my remaining cash position. I reeee'd all of my previous profits away over the past two weeks. + +Wish me luck, fuckers. + +# EDIT: Got stopped out for a 20k loss. See ya later guys. Legit going to fucking off myself now this is retarded. +I'm just curious how much most people started with and how much they're now making off of rental income in all. (and how long it took to get to that point) +For the multi-homed, how do you manage and track conditions in your house while away. We once suffered a disastrous water leak (fridge water inlet) and that has made me very vigilant about monitoring. + +My setup (same for each home) is: + +* ADT-like service - fire, security, water leak + +* Google Home - + + * primarily Nest devices - thermostat, smoke detectors, door locks, doorbell, camera + + * Wemo smart switches and outlets + +* Smart Valve water meter shutoff retrofit. - Yes, I’m paranoid about water. + +Known Exposure: + +Remote gas-line shut-off. + +I’m quite fine with what I have, but I’m wondering what others do in case I’m missing something and have to learn the hard way. + +The switches come in (very) handy because we let family and friends use the place and on more than one occasion they’ve left lights on. + +Edit: Tile stickers are essential (I’ve found) when you return and someone else has moved the TV remotes all over the house. Recent addition but so very useful! +Guten Tag to all of you Great Apes around the world! 👋🦍 + +Today marks the end of another week in the GME saga. Yesterday was certainly an interesting day - there didn't seem to be a clear need for them to try to drive the price down, but yet they did. It makes me wonder if they are having a harder and harder time staying above the margin call threshold. Either way, with today being a T+35 after another big options date, I am eager to see if they're able to suppress the price again. To all of the apes who are weary of the continued drop in price - I know it can be challenging to HODL. Many people like to say that HODLing is easy, and while that might be true for some, it is definitely not true for most Apes. The good news is that the DD continues to be solid. The MOASS continues to be inevitable. The shorts *still* must close their short positions. We will get there, and it will be because of our Diamantenhände and the support we give each other. + +Today is Friday, August 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: **$153.94 / 131,38 €** *(volume: 821)* +- 🟥 115 minutes in: $154.29 / 131,68 € *(volume: 775)* +- 🟥 110 minutes in: $154.52 / 131,88 € *(volume: 771)* +- 🟩 105 minutes in: $155.01 / 132,29 € *(volume: 653)* +- ⬜ 100 minutes in: $154.74 / 132,06 € *(volume: 338)* +- 🟩 95 minutes in: $154.74 / 132,06 € *(volume: 337)* +- 🟩 90 minutes in: $154.73 / 132,05 € *(volume: 336)* +- 🟥 85 minutes in: $154.41 / 131,78 € *(volume: 291)* +- 🟩 80 minutes in: $154.66 / 131,99 € *(volume: 291)* +- 🟥 75 minutes in: $154.51 / 131,86 € *(volume: 224)* +- 🟩 70 minutes in: $154.67 / 132,00 € *(volume: 219)* +- 🟩 65 minutes in: $153.53 / 131,02 € *(volume: 208)* +- 🟥 60 minutes in: $153.41 / 130,92 € *(volume: 195)* +- 🟩 55 minutes in: $153.43 / 130,94 € *(volume: 179)* +- 🟥 50 minutes in: $153.32 / 130,85 € *(volume: 160)* +- ⬜ 45 minutes in: $153.38 / 130,90 € *(volume: 147)* +- 🟩 40 minutes in: $153.38 / 130,90 € *(volume: 147)* +- 🟥 35 minutes in: $153.35 / 130,88 € *(volume: 114)* +- 🟩 30 minutes in: $153.47 / 130,97 € *(volume: 93)* +- 🟥 25 minutes in: $153.38 / 130,90 € *(volume: 83)* +- 🟥 20 minutes in: $153.46 / 130,96 € *(volume: 62)* +- 🟩 15 minutes in: $153.48 / 130,99 € *(volume: 62)* +- ⬜ 10 minutes in: $153.38 / 130,90 € *(volume: 58)* +- ⬜ 5 minutes in: $153.38 / 130,90 € *(volume: 55)* +- 🟩 0 minutes in: $153.38 / 130,90 € *(volume: 52)* +- 🟥 US close price: $152.90 / 130,49 € *($153.71 / 131,18 € 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 1.17174913. 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! +Every Sunday night I feel like a kid on Christmas Eve. Mornings never used to be my thing and Sundays used to scare me to death. I can finally no longer relate to the people fearing Mondays. Anybody else feel like this? + +Lets make some money this week. +Gary Gensler has been circling short-sellers for months, and now the Securities and Exchange Commission chief is looking to make a big move. Under a new rule proposed by the SEC Friday morning, some investors would be required to report their short sale-related activity to the SEC on a monthly basis, allowing the commission to make detailed short-selling data available to the public for the first time. + +“Today, the Commission unanimously voted to propose rules and amendments to broaden the scope of short sale-related data available to the investing public and to regulators,” Gensler said in a statement. “If adopted, it would strengthen transparency of an important area of our markets that would benefit from greater visibility and oversight.” + +Since taking the reins at SEC, Gensler has made market transparency a key goal, and short-selling has been a major area of discussion, including after the wild short squeeze that took hold in January 2021 on meme stocks like GameStop GME, -5.80% and AMC Entertainment AMC, -3.90%. The fallout from the short squeeze resulted in a Congressional hearing and an SEC investigation. While the probe did not find any actual malfeasance, Gensler has been hinting that he still was monitoring short-sellers. In February, Bloomberg News reported on a sweeping Department of Justice probe of at least 30 short-selling firms and allies. + +Retail investors have complained that more shares are being shorted than are available to trade, while keeping alive online discussions claiming market manipulation, potential fraud by short-sellers and the lack of data publicly available around short-seller trading activity. Under current rules, firms are required to report short interest data to the Financial Industry Regulatory Authority twice a month. Critics have said the quality and frequency of that data isn’t highly useful. The SEC’s proposed new rule will look to bridge that gap. + +While the changes to previously proposed SEC rules have been common, as written Rule 13f-2, would only apply to institutional investment managers that hold “a short position of at least $10 million or the equivalent of 2.5 percent or more of the total shares outstanding” in an individual security, meaning that the SEC would be able to see and share the biggest short sales of individual stocks and aggregate them, providing investors with granular data on those shorts. Firms also would have two weeks into every month to disclose, giving essentially a detailed 6-week lookback at big short moves and give a much clearer, if month-old, picture of short interest on stocks. + +The rule, as designed, would increase disclosure of what is known as “buy-to-cover,” essentially when a trader initiates a buy trade to close their short position on borrowed shares, something that short-selling critics likely will welcome as it would aim to further curb so-called “naked shorting,” a practice the SEC mostly outlawed in the wake of the 2008 global financial crisis for traders using non-existent shares to short stock of public companies. Overall, the new transparency rule is yet another push by Gensler to bring more market data out of the dark corners and into the light. + +As he told MarketWatch in an exclusive interview last week, “Finance is ultimately about trust, and the official sector has a role to help instill that trust through a set of rules on disclosure, anti-fraud and anti-manipulation.” + +[https://www.marketwatch.com/story/sec-proposes-new-rule-requiring-short-sellers-to-disclose-their-positions-monthly-11645810585?mod=home-page](https://www.marketwatch.com/story/sec-proposes-new-rule-requiring-short-sellers-to-disclose-their-positions-monthly-11645810585?mod=home-page) +I'm in my 40's and have the odd situation of having way more in my retirement accounts than in my non-retirement accounts. I could actually quit my job and FIRE if most of my money were accessible penalty-free. I'm wondering if anyone else has considered about taking early withdraws (up to the standard deduction), and paying the 10% penalty in order to FIRE. The withdraws could also be considered the income necessary to qualify for ACA subsidies (well, I'm still researching this). + +*Update: Thanks for all the advice. I'm going to spend time looking at 72(t) and the Roth ladder, as well as continue to model just taking the penalty hit. I appreciate all the feedback.* +This is just pure speculation. Have no proof. Just feel like I know papa ape too well and he's calling the shots obviously. Look for some good news to come out tomorrow. Comment below what you would love to see!!! + +I personally would love to see a acquisition offer of slgg or possibly a dividend offer. No doubt these 2 would be the shot we need. +The IRS has selected the following contractors to carry out this program: + +CBE Group: 1309 Technology Pkwy, Cedar Falls, IA 50613 + +Conserve: 200 CrossKeys Office park, Fairport, NY 14450 + +Performant: 333 N Canyons Pkwy, Livermore, CA 94551 + +Pioneer: 325 Daniel Zenker Dr, Horseheads, NY 14845 + +These private collection agencies will work on accounts where taxpayers owe money, but the IRS is no longer actively working their accounts. The IRS will give each taxpayer and their representative written notice that their account is being transferred to a private collection agency. The agency will then send a second, separate letter to the taxpayer and their representative confirming this transfer. + +[Source](https://www.irs.gov/uac/newsroom/new-private-debt-collection-program-to-begin-next-spring-irs-to-contract-with-four-agencies-taxpayer-rights-protected), at IRS.gov. +I’d like to see your thoughts on only picking 1 stock from each of these sectors and why if you care to explain! + +1. Communication services +2. Consumer discretionary +3. Consumer staples +4. Energy +5. Financial services +6. Health care +7. Industrials +8. Materials +9. Technology +10. Utlilites +11. Real estate + +Try to only pick your #1 from each it might be hard but I’d like to see where peoples heads lie and if there’s any similar choices between you all! +I just finished reading ‘Dividend Growth Machine’ by Nathan Winklepleck, CFA. I’m looking for a bit of reinforcement here. I understand the long term goal is removing worry over market instability and building a method of income. What I don’t understand is why isn’t everybody doing this? Forecasting growth can be done with some degree of accuracy should you choose to buy and sell. But why not sink $200k in Coca-Cola and reap the $2.89 dividend quarterly for the rest of your life? I understand you don’t put all of your eggs into to one basket, my point is a $200,000 initial investment provides 4,081 shares. This would yield a quarterly dividend return of $11,784.09 which equates to $47,176.36 per year. What am I missing? Is this taxed to hell and back should you choose not to reinvest if you were at retirement age? Thanks in advance to any helpful info. +Wall Street bears battered by the Reddit crowd earlier this year have yet to regain their gumption, even with stocks at records and valuations near two-decade highs. The median short interest in members of the S&P 500 sits at just 1.6% of market value, near a 17-year low, according to Goldman Sachs Group Inc. In Europe, a short-covering frenzy has sent bearish bets collapsing like never before in Morgan Stanley data. + +At the same time, hedge-fund longs are around the highest relative levels in years at JPMorgan Chase & Co.’s prime brokerage. They’re all signs of the bullish mania propelling global equities to fresh records this month, thanks to the economic re-opening and big policy stimulus. The smart money has little appetite to wager against either expensive or deadbeat companies -- especially after being lashed by the day-trader army earlier this year. “There’s just mass euphoria,” said Benn Dunn, president of Alpha Theory Advisors. “No one wants to get their head ripped off by a short anymore.” + +[https://www.bloomberg.com/news/articles/2021-04-19/stock-shorts-collapse-as-no-hedge-fund-wants-head-ripped-off](https://www.bloomberg.com/news/articles/2021-04-19/stock-shorts-collapse-as-no-hedge-fund-wants-head-ripped-off) +There's not much to add to the title, just hoping to inspire a bit I guess. I can't tell many people in my life so I wanted to do a little celebration post. + +I'm a 26 year old chemical engineer in the midwest. I started working full-time in 2015, with about $25k in student loan debt. I've been saving aggressively since I found MMM and this sub a couple years ago. It has definitely changed my life for the better. Most importantly, it's helped me deal with the desire to live at or beyond my means and instead focus my effort on being the person I want to be. I feel a lot more free nowadays. + +If there's anything in particular that you'd like to know about my road here, let me know! + +Edit: Alright, here are some more details about how I got here. + +I've been working basically since I could get a job at 16 years old. I started off making minimum wage in food service, absolutely hating it. I knew I couldn't do that for the rest of my life like some of my coworkers. In high school, I studied harder than I needed to. I was obsessed with getting good grades and not disappointing my family. I did enjoy some subjects like math and science though (hence the chemical engineering route). I ended up taking the ACT and SAT and getting near perfects on both, which was exciting at the time. It felt like a ton of doors were opening for me. + +I ended up applying to a bunch of Ivy League schools and getting rejected by all of them (best thing that could have happened probably, but it didn't seem like it at the time lol). I ended up going to school in the midwest, meeting a bunch of lifelong friends, and learning a shit ton in my small, interactive classes with great professors. I still studied too much and didn't have enough fun in retrospect, but I guess it set me up to be successful so I shouldn't be too hard on myself. I ended up leaving with a bachelors degree, $25k in loans, and a dream. + +I applied to 41 jobs before getting a call back for an interview. This interview went really well, and I ultimately accepted the offer. My starting base salary was $55k. For the next few years, I traveled and worked a lot. 60-80 hour weeks weren't uncommon back then -- lately, I'm down to 40-45 as I get more efficient and have a more manageable workload. Anyway, I ended up paying off my loans in about a year. Then I started investing harder and saving up for a new car. I bought my dream car, a challenger, when I could pay cash. I have rented apartments/houses this whole time. + +As far as investments go, I have roughly 90% in index funds, 5% in short term bonds (might be buying a house soon), and 5% in a taxable account that I trade options in for fun. The option trading stuff isn't to try to beat the market necessarily, it's just to stay engaged and for a bit of excitement because passive investing alone wasn't doing it for me. I don't YOLO wsb style, I recently have only been running the wheel strategy on stocks I'd like to buy anyway. + +I don't budget in the traditional sense. Everything is set up to ACH from checking to my taxable account and Roth IRA. 401k and HSA contributions are also automatic through work. I believe automating your saving is the most important step of all to be successful. I shamelessly can spend any money that's left over in my checking account (I also have an emergency fund, of course) because I'm *automatically* saving over half of what I make. Target savings rate lately is about 60% of gross. + +The more I accumulate, the less I stress about most things in life. I think it's made me significantly better at my job, relationships, and other aspects of life too. If I missed anything important, let me know and I'll add it. Thanks for the positive responses to this post! +> Vanguard Group will no longer allow individual investors to make new trades on certain investments that seek to magnify bets, pouring cold water on strategies that became popular after the last financial crisis. + +>Starting January 22, customers won’t be able to purchase so-called leveraged or inverse products via Vanguard’s brokerage platform, the firm said in a release this past week. That cuts out roughly 400 such securities and funds currently offered on that platform. + +>The move by the world’s second-largest money manager by assets comes as these complex products gain traction among investors and increased scrutiny from regulators because of the risks involved. Leveraged funds magnify gains--or losses--of an index while inverse products seek to produce the opposite performance of an index. + + +https://www.wsj.com/articles/vanguard-wont-let-investors-trade-these-popular-but-controversial-products-11547298000?emailToken=796c2835bb8f4c07ad77b10731b857224Ap1zqiUcssdxCNDBAJWvpjkPBumQyK9iOu9dZfA5L9by8dN0kkK0Qwuk5fKsk74MqszVdrbFNgu9hcHHDPr2t3Me376RzaK3HQC0iZj+RRIF+OGvZvfPTL4oY5/LVtkMNRQfWAG8afADqjmGGm33w%3D%3D&reflink=article_copyURL_share +Just look at it, a user posts his trading strategy and how he likes to play the stock market and all you guys do is bombard him in downvotes and tell him to invest in a mutual fund instead. Is that a joke? Just because you invest your money in a mutual fund or ETF and have absolutely no trading strategy what so ever does not mean you need to downplay his strategy and call him stupid for managing money differently. + +Every other post on here is some news article from some big shot website that is designed to make money on over sensationalized titles and articles. This place is an absolute joke to be completely honest. + + +edit: wow this is crazy, this post got more attention than I thought. I am talking with a few other members about starting up a better community for trading which involves more strategies and discussion. Let me know if you are interested. + +edit2: wow #1 post on /r/stockmarket all time +https://sg.news.yahoo.com/iphone-12-launches-china-strong-073637889.html + +Compared with last year’s iPhone 11 line of phones, the iPhone 12 line is showing strong demand in China. The country is estimated to account for 35 to 45 per cent of global demand for the iPhone 12 Pro, according to a recent report from TF Securities International analyst Kuo Ming-Chi, who is known for his Apple analysis. There were between 7 million and 9 million pre-orders of the iPhone 12 and iPhone 12 Pro globally during the first weekend of sales, according to Kuo. + +The new iPhones have also proven to be a hot commodity on Chinese e-commerce sites. The available stock on JD.com sold out within 30 seconds after pre-orders started on October 16. And Alibaba, the parent company of the South China Morning Post, said that about 30 million users have searched for the new iPhones over the last 30 days on its Tmall marketplace. That is twice the search volume for the iPhone 11 in the same period last year. + +Sales of the iPhone 12 could be aided by the fact that it is the first iPhone to support 5G after Apple skipped the feature last year. Sales of the iPhone 12 and 12 Pro reached an estimated 1.7 to 2 million units globally in the first 24 hours of pre-orders. The three iPhone 11 models only saw 500,000 to 800,000 units sold in the same period after pre-orders opened in September last year, according to the report from Kuo. + +iphone demand in China is still strong, initial preorder data indicate that Apple will be gaining back more share in China. People are spending money in China to buy iphone because China is more 5g coverage available. These are bullish trend for apple stock. + +Thanks for the award. +I have a therapist. And I sometimes have issues related to anxiety around wealth, giving, and career. How much do you share with your therapist, and do you have any experiences with discussing your wealth going particularly well or poorly? + +I’d like to discuss my fears around income instability, but my income varies between $300k-$900k. While my anxieties are real, the scale of my numbers means I tend to not want to share them. + +How do you discuss money-related mental health issues with your therapist? +I’m in mobile so I apologise in advance + +I brought a car on finance about a year and a half ago on a five year plan so I still have 40ish months left of payments. + +I don’t need the car anymore as I lived 30 miles from work and needed it to commune every day but I now live 1 mile from work and can walk + +I’m spending £150 a month on the car + +The early settlement figure for the car is £5,300. I can sell the car to we buy any car for £3,500 but I could sell it privately for at least £5,000 + +My problem is a don’t have the money to get out of the finance agreement and can’t sell my car to another person whilst it’s on finance + +Any advice on what to do in the current situation? +Hi everyone, + +First off, this isn't an attempt to garner downvotes for contrary opinions. I'm keen to hear from people who got into the property market at any stage about how you did it. + +The main motivation here is my discussions coming off this comment I wrote yesterday mocking ['Steve from Bundoora'](https://www.reddit.com/r/australia/comments/i7e0h6/essential_poll_australians_more_worried_about/g11opig/) and his ability to get into the property market through obvious advantage. So, here are my questions to you: + +- When did you first buy a house +- Rough location (no need to be too specific, it is the internet) +- Was it a PPOR or an investment +- What financial assistance (if any) did you have +- What's your opinion on the housing market now for those looking to buy in? + +That's it! I know there are varying opinions here, but I'd love to hear from people who are in the market now, without a pile-on of downvotes. Happy to adjust questions if needed, thanks! +All of these documentaries about how corrupt the system is, is great and all... But do you really feel like we're on the cusp of a fair stock market? If anything, between the DD and documentaries, it should be crystal clear that we just need a new system. The core is completely corrupt and rotten. + +And that's why I won't be talking about "fair" markets or "fair" anything until this rotten tree is chopped down first. + +DRS is the fucking way. Everything else is pre-mature hopium and noise. This system wasn't built for you and me. And it's not going to be "lobbied" or "voted" into being more fair. There's always new ways to fuck around. The playground for the rich isn't going to welcome people like you or me... Ever... it needs to be demolished. +I read [this](https://www.reddit.com/r/fatFIRE/comments/lfn78g/came_into_windfall_largely_by_luck_many) thread earlier and related to parts of it, and some of the answers. + +Whilst this could arguably go in /r/relationship_advice I've chosen to post it here as I think the financial component is extremely significant. Perhaps someone here has lived the same experience? + +I (30M) have just ended a 16 month relationship with a great girl. I couldn't put a finger on exactly why. I just didn't feel as though I wanted to see her a lot of the time, and small insignificant things annoyed me an unreasonable amount. I felt it was cruel and unfair to continue the relationship. + +With the pandemic, this has left me single and alone in my house. + +I previously (3/4 years ago) made a FatFire amount of money (windfall event). I do not need to work (she knew I didn't need to work but I don't think she had any real idea of the extent of my wealth). As such I work for myself building passion projects (web/app dev) in the hope that I can build something that is used/loved by others. In practice, this has not happened. I try and live a normal life working 'normal' hours to maintain a sense of normality but working on my own has meant that I don't have those typical work connections, and the social benefits that come with it. I feel like I've closed up a lot and become a generally rude, resentful, and dismissive person. + +I think this attitude affected the relationship with my ex (who was extremely friendly/social/positive) and presented almost as jealousy. The end of the relationship has left me at rock bottom as I don't have a social circle to help build me back up, and I feel as though I was possibly just pushing back against affection. + +During the relationship (\~6 months ago) I had some doubts. We had a short break, decided to reconnect (after a few days) and I started going to therapy. In hindsight I think it was the wrong therapist. I gave up after 10 weeks feeling as though I wasn't making any progress. Now I am looking for a new therapist. The pandemic means that I can only access therapy via Zoom at the moment which is sub optimal, but better than nothing. + +My family have stated that I basically just need to get a job. Any job. Whilst I don't need the money, working with people will resolve my loneliness, and help me develop those social bonds/connections that others have. Again, the pandemic prevents this right now as everyone is working from home anyway. + +I have looked into volunteering but that is similarly tough to get into during a pandemic and the one opportunity that I have found involves walking around the local area with a few other individuals looking for homeless people to try and support. Whilst an admirable cause, there are not actually that many homeless people around the area and it seems to amount to just a walk (not that walks are bad). + +&#x200B; + +The long and the short of it is that I'm wealthy but lonely with no clear direction. Money truly doesn't buy happiness. There are a lot of posts here about 'purpose'. I don't seem to have one and don't know how to actually find one. I find myself negative and unmotivated with the additional concern that I'm going to be 'forever alone' as I pushed the great person that did support me away (I've started creating narratives in my head that the relationship was in fact great and it was all just 'me'. The pragmatic side of me realised that this might not really have been the case). + +I wondered if anyone else had experienced similar, and how you worked your way back up? +Howdy Everyone, + +[https://www.reddit.com/r/Superstonk/comments/ni2r7l/would\_a\_tax\_cheat\_sheet\_be\_helpful/](https://www.reddit.com/r/Superstonk/comments/ni2r7l/would_a_tax_cheat_sheet_be_helpful/) + +I made a post the other day asking if some tax advice would be helpful and got a ton of support. I plan on making a few posts to give a good overview in the tax world. If/when MOASS occurs, it will be helpful to understand what you’re dealing with. Feedback is greatly appreciated! Also feel free to leave any website links if you find anything interesting! + +I don’t want information overload, so I will try and break these up by topics. Income makes the most sense to do first. Don’t worry I will be using Explain Like I'm Ape (**ELIA**) descriptions throughout! + +Few things first: + +&#x200B; + +* Tax is super vast. I won't know every single thing. +* Please don’t ask me to prepare your return. I don’t want to use this new platform as some side hustle. It will be worth every dollar to give this to a CPA firm. +* The Biden Administration is considering making some changes. I have no idea if/when they will go into effect, nor do I know every single thing they’re considering. But I will make a note of these proposals as we go along. +* Keep in mind that this is for **Federal** (Big Government) **purposes**. The state and cities you live in will have similar forms, but the rules and tax rates will be different. + +&#x200B; + +[Serious Tax Picture](https://preview.redd.it/91i50eojcs071.png?width=500&format=png&auto=webp&s=3c1dad958bc582f54ebadce852c1249ca96a675a) + +Here's some basic terminology to make things easier: + +&#x200B; + +* Income – Money coming in +* Basis – The amount of money you invested in something +* Fair Market Value (FMV) – What that "something" is worth today +* Gain – A type of income +* FMV – Basis = **GAIN** +* Deduction – Lowers your amount of income +* Phase-out – You made too much money to get this deduction LOL +* Credit – kind of like a deduction but a little different +* Tax Liability (Refund) – how much you owe the government (how much the government owes you) + +# Ok, Let’s Get Sexy + +If you didn’t know already, you have to pay taxes as an American. These are supposed to be due April 15th and cover the activity from January – December of the previous year. There are many different types of tax entities, but we’re going to focus on 1040 individual returns (Ape’s Tax Return). + +&#x200B; + +Here’s an ELIA for the most common forms for a 1040: + +&#x200B; + +* Page 1 and 2 - Here’s a summary of everything along with how much tax I owe +* Schedules 1-3 – Oh, here’s some other income and taxes that weren’t summarized earlier +* Schedule A – Here’s everything I spent money on that would lower my taxes +* Schedule B – Interest and dividend income from stocks and bank accounts +* Schedule C – If you own/operate a business, you will probably enter it here +* Schedule D – **GME GAINS GO HERE** +* Schedule E – If you own rental property or other businesses (that file their own returns), you’ll enter your share of the profits here +* Schedule F – For the 10 people that have farm income + +# So How Do Taxes Actually Work? + +The United States uses what’s called a **Marginal Tax Rate**. We have tax brackets, with each bracket representing a different “level” of income and tax rate. **As your income increases, so does the tax rate**. ***This is important:*** Income taxes at this rate is called **ORDINARY INCOME**. ***This will come up later.*** + +Here’s the 2021 tax bracket below: + +[I hated this part in college](https://preview.redd.it/wdr8s6ldds071.png?width=817&format=png&auto=webp&s=320fb96642764474a91740d2c3607e36ab9d84b5) + +Looks scary. Here’s an example: + +Ape (single virgin) made is $50,000 in 2021. Ape will pay: + +1. $995 for the 10 percent marginal tax rate ($9,950\*.1) +2. $3,669 for the 12 percent marginal tax rate (($40,525 - $9,951) \* .12) +3. $2,084 for the 22 percent marginal tax rate (($50,000 – $40,526) \* .22) + +$995 + $3,669 + $2,084 = **$6,748 =** **Tax Liability** + +You won’t need to calculate your tax liability. TurboTax and other Tax Software will automatically do this for you. I’m just showing it to connect everything together. + +&#x200B; + +That was easy, right? Oh wait. We’re not done yet. The U.S. Tax System is not this easy. Let’s talk about everyone’s favorite thing: + +# CAPITAL GAINS + +If you make long-term investments in the American Economy, we will reward you with *lower tax rates*. + +To make this easier, I will split this into two Buckets: + +***Bucket A: Short Term Capital Gains:*** + +If you **hold a stock for** **one year or less,** you are in this bucket. Your tax rate will be **THE SAME AS** **the normal income tax rate**. Another way of saying this: **“This is Ordinary Income and will be included in the tax brackets above with everything else”** + +**ELIA: If MOASS, it’s like getting a $10,000,000 paycheck from your job**. + +&#x200B; + +***Bucket B: Long-term Capital Gains*** + +If you **hold a stock for** **more than one year**, you are in this bucket. Your tax rate will be **LOWER than the normal income tax rate**. + +**ELIA: Less banana go to tax.** + +Here are the current Long Term Capital Gains Rates (LTCG) for 2021: + +[LTCG](https://preview.redd.it/gmrhdjmjes071.png?width=695&format=png&auto=webp&s=64f5bdee18b384d163b55e17faaecdc570539808) + +* Notice is that all of these rates are lower than the marginal income brackets for those income levels +* Maximum LTCG is **20%** < Maximum Marginal Tax Rate is **37%** +* **\*NOTE\*** the Biden Administration is *considering* changing the highest tax bracket from 20% to **39.6%\*\*\*\*.** ***Holy Tendies!*** + +Also, ***nine states have no capital gains tax rate*** (Lucky you. You still have to pay federal): + +1. Alaska +2. Florida +3. Nevada +4. New Hampshire +5. South Dakota +6. Tennessee +7. Texas +8. Washington +9. Wyoming + +&#x200B; + +Almost done; two more things. + +# Cost Basis + +Remember that definition I had earlier? Well **not all basis are treated equally.** + +Look at the three scenarios below to see which best applies to you. For those with questions on gift tax returns (will cover in more detail later), see #3. Note FMV will be the same regardless. + +&#x200B; + +1. If you **purchased the stock for yourself**, your basis is the purchase price +2. If you **received the stock from inheritance** – your basis is the **FMV** of the property (stock) at the date of their death (there is also an option to elect FMV six months after death)\*\*. Also, all inherited property is *automatically considered Long Term Capital Gains when sold.* +3. If you **received the stock as a gift** – It depends….but given MOASS it will be the **basis of the donor.** + +**ELIA: Your gain may change depending on how you got the stock.** + +\*\*Note that the Biden Administration is **considering** changing basis rules for #2. The proposal would replace FMV at death with the donor’s original basis. + +Example: + +* OLD – Grandma buys 1 share of AAPL for $5 and leaves it for Ape. It’s now worth $500. Ape sells AAPL share. Cost basis for Ape is $500. No gain on sale of stock. +* BIDEN - Grandma buys 1 share of AAPL for $5 and leaves it for Ape. It’s now worth $500. Ape sells AAPL share. Cost basis for Ape is $5. $495 is subject to LTCG. + +# Wash Sales + +**WTF is a wash sale**? + +~~Wash Sale – When you sell a security (stock) for a loss and then buy that same stock again within 30 days BEFORE or AFTER (applies both to your brokerage, and IRA accounts)~~ + +**Here are the two situations that would generate a wash sale:** + +**A: You sell a stock** ***for a loss*** **that you've owned for 30 days or less** + +**B: You've sold a stock that you've held for MORE than 30 days** ***for a loss*** **and then BUY the same, or similar stock, within 30 days or less** + +I’m not sure if there’s a way you can check your brokerage account to see if you have a wash sale. What I do know is your brokers will send you a 1099 for yearly activity. If a wash sale does occur, you can see it on your 1099 report history. + +Here’s a picture below to illustrate: + +[Wash Your Hands Kenny](https://preview.redd.it/x4mqkt50gs071.jpg?width=767&format=pjpg&auto=webp&s=8ed88f0ffe31df712558bb2035416f4b0ab74377) + +Note that this person is not able to take a $100 loss since the stock was bought and sold for a loss within 30 days. Even though they didn’t buy the stock after 1/29/15, the 30-day rule applies to before. Basically, if you paper-handed for a loss this year and bought back in again within 30 days, ~~you WON’T be able to include that loss to lower your income.~~ **your loss will be ADDED BACK to your basis and there will be NO LOSS ALLOWED** + +**If you paper-handed this year and had some gains**, this DOES NOT apply. It is only if you sell for a loss and repurchase within 30 days. + +I don’t want to spend too much time on this since we can’t change the past. But **this should be extra encouragement why you should keep holding** and not sell for a loss. I will note that out of the 100+ individual returns I’ve prepared, I’ve seen two wash sales. They’re not common. + +**ELIA:** **Don't Impulsively sell for a loss** + +\***Fun Fact** (Since I got grilled on r/CryptoCurrency for this): **Crypto is NOT a security and is NOT subject to wash sale rules.**\* + +And that’s a good summary on income! Hope this wasn’t too much. Again, your CPA will already know how to do most of this, but I want to make sure everyone has an idea of what's going on. + +Please give some honest feedback and I’ll adjust moving forward! + +Thanks for reading! Below are other topics I’m planning to cover in the near future: + +* Deductions and Losses +* Gift Tax, Trusts and Estates +* Estimated Tax Payments/State taxes +* Finding a CPA firm / what to expect / how not to piss off your accountant +* Non for Profits / private foundations / etc. +* Foreign Apes + +Sources: + +[https://www.irs.gov/instructions/i1040gi](https://www.irs.gov/instructions/i1040gi) + +[https://www.zrivo.com/tax-brackets-2021](https://www.zrivo.com/tax-brackets-2021) + +[https://www.irs.gov/taxtopics/tc409](https://www.irs.gov/taxtopics/tc409) + +[https://www.irs.gov/publications/p544](https://www.irs.gov/publications/p544) + +[https://www.irs.gov/publications/p551](https://www.irs.gov/publications/p551) + +[https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates](https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates) + +[https://www.investopedia.com/terms/w/washsalerule.asp](https://www.investopedia.com/terms/w/washsalerule.asp) + +[https://www.investopedia.com/articles/retirement/09/ira-wash-sale-rule.asp#citation-2](https://www.investopedia.com/articles/retirement/09/ira-wash-sale-rule.asp#citation-2) + +[http://www.tradelogsoftware.com/resources/wash-sales/#what-is-wash-sale](http://www.tradelogsoftware.com/resources/wash-sales/#what-is-wash-sale) + +[https://www.fool.com/taxes/2014/10/04/the-states-with-the-highest-capital-gains-tax-rate.aspx](https://www.fool.com/taxes/2014/10/04/the-states-with-the-highest-capital-gains-tax-rate.aspx) + +**Edit** ***\*Read Me!\******:** Hi Everyone. Super glad that this has been helpful! I don't get a lot of opportunities at work to mentor/teach this stuff, and genuinely enjoy giving back! I love all the questions you're asking and want to emphasize that **THERE ARE NO DUMB QUESTIONS.** I guarantee that there are two other apes who are thinking the same thing too :) + +Here's a quick few things to keep in mind: + +&#x200B; + +* We're going to get to Gifts/Estates/Trusts! A lot of this information builds off each other, so I think getting through some basic loss/deduction rules will be helpful before we branch off into other tax entitles +* I've gotten a lot of interesting *and specific* questions on State Taxes. **For right now, the answer is** **I don't know!** The rules are all different and can change at any time! This is why most accounting firms have an entire team dedicated to **JUST State & Local Taxes.** +* I will put together a step-by-step easy guide on how to find out all of your state questions online (it's not as advanced as you think. This is what we do in public accounting) +* **Foreign apes**, I see your comments! I just ask you to be a little patient! Let me get through the rest of the fundamentals and I will get a post for you guys! I honestly know nothing about this area (just yet)! +* If you find any interesting articles/videos/topics about highly specific things, feel free to comment/DM them and I will try my best to explain. +* I've been slammed with COVID-related tax season for the past 5 months, which is why it took so long for me to post these! I hope to use this downtime, before everything returns to normal, to ease some fear about taxes +* I'm able to get fundamentals out quickly because they're mostly review from college courses and CPA exams. Once we get into more complex things, it will probably take me longer to absorb and write up! +* Don't get too comfy. **If MOASS this summer, I would expect most state to add or increase their tax rates as a result.** No idea if/when they would be passed. + +**Tl;dr: This is why you're going to pay a CPA firm $20,000+ to do this for you and it is worth every penny (Welcome to being High-Net Worth). I will make a post to explain why in the future. :)** + +&#x200B; + +**Edit 2:** + +Lot's of great questions on Estimated Tax Payments! I will be getting to these once I finish my next post on deductions/losses. Don't have all my info just yet, but I'm pretty sure it won't impact these that much. + +I haven't looked it over yet, but [u/CalamariAce](https://www.reddit.com/u/CalamariAce) made a which will probably point you in the right direction: + +[https://www.reddit.com/r/wallstreetbets/comments/mp6kuv/estimated\_taxes\_and\_why\_you\_probably\_wont\_need\_to/](https://www.reddit.com/r/wallstreetbets/comments/mp6kuv/estimated_taxes_and_why_you_probably_wont_need_to/) + +&#x200B; + +**Edit 3:** + +I think my definition on wash sales could be improved. + +**Here are the two situations that would generate a wash sale:** + +**A: You sell a stock** ***for a loss*** **that you've owned for 30 days or less** + +**B: You've sold a stock that you've held for MORE than 30 days** ***for a loss*** **and then BUY the same, or similar stock, within 30 days or less** + +If you're still confused just buy and hold :D + +**Edit 4:** Credits to u/Banshee-- for improving my wash sale understanding. Please see updates above! +I've been trading for a while now and started a personal challenge on my Robinhood account. Started with 4k and the goal to get and stay above 25k to allow me not care about PDT restrictions. + +Current progress - https://imgur.com/gallery/LTfDihC + +I only trade options on SPY. Scalps during high volatility and spreads during lower volatility. Posting this to keep track of my progress. If you have advice, I welcome it! + +-Wingtrades +I'm an investor with little to no income at the moment because my investments are all capital appreciation focused and am also retired from the workforce (33y.o), living off my investments. + +I was recently declined increasing my credit card limit, I presume, because I have no income. + +While I understand the 'why' of this (serviceability), I also know that wealthy people discuss having lines of credit against their financial assets (Apple stock being one example given). + +How does one go about getting this service? + +What is some other general advice you would have when dealing with a situation like mine. + +Thanks. +Guten Morgen to this global band of Apes! 👋🦍 + +What an exciting time to be a HODLer with Diamantenhände! As the financial media attempted to spin a narrative that Apes were beginning to experience fatigue at being invested in this great company, we watched as the price steadily rose, finishing up nearly 15%. The borrow rates continue to be incredibly high (and rising!), while a new DRS record was achieved yesterday. The volume of the final 75 minutes was also highly unusual, which makes me wonder if there was a whale increasing their position or an institution reducing its short position. Whatever the underlying reason, it is days like yesterday reiterate just how great it is to HODL GME. + +Even bigger than all of that was the apparent coordinated announcements from content creators who will be listing items on the upcoming NFT Marketplace. This foreshadows an imminent launch, which will be another step forward for GameStop's plan to revolutionize the business. I am eager to see what these independent creators have to offer, as I am convinced that they will be a pillar of the NFT Marketplace from the very beginning. As GameStop crafts deals with larger industry partners, they will be able to point at the robust L2 economy that these independent creators help drive. + +Today is Wednesday, June 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$139.62 / 130,95 €** *(volume: 5039)* +- 🟥 115 minutes in: $141.96 / 133,15 € *(volume: 4086)* +- 🟥 110 minutes in: $141.99 / 133,18 € *(volume: 4021)* +- 🟩 105 minutes in: $142.00 / 133,19 € *(volume: 4009)* +- 🟥 100 minutes in: $141.97 / 133,16 € *(volume: 4008)* +- 🟩 95 minutes in: $142.43 / 133,59 € *(volume: 3753)* +- 🟥 90 minutes in: $141.57 / 132,78 € *(volume: 3658)* +- 🟩 85 minutes in: $141.71 / 132,91 € *(volume: 3001)* +- 🟥 80 minutes in: $141.63 / 132,84 € *(volume: 2981)* +- 🟥 75 minutes in: $141.64 / 132,85 € *(volume: 2977)* +- 🟩 70 minutes in: $141.87 / 133,06 € *(volume: 2705)* +- 🟥 65 minutes in: $141.19 / 132,42 € *(volume: 2070)* +- 🟥 60 minutes in: $142.04 / 133,22 € *(volume: 1226)* +- ⬜ 55 minutes in: $142.30 / 133,46 € *(volume: 1144)* +- ⬜ 50 minutes in: $142.30 / 133,46 € *(volume: 1112)* +- ⬜ 45 minutes in: $142.30 / 133,46 € *(volume: 1111)* +- 🟩 40 minutes in: $142.30 / 133,46 € *(volume: 1103)* +- ⬜ 35 minutes in: $141.82 / 133,01 € *(volume: 990)* +- ⬜ 30 minutes in: $141.82 / 133,01 € *(volume: 957)* +- ⬜ 25 minutes in: $141.82 / 133,01 € *(volume: 926)* +- 🟥 20 minutes in: $141.82 / 133,01 € *(volume: 901)* +- 🟩 15 minutes in: $141.87 / 133,06 € *(volume: 835)* +- 🟩 10 minutes in: $141.79 / 132,99 € *(volume: 825)* +- 🟥 5 minutes in: $141.53 / 132,74 € *(volume: 723)* +- 🟥 0 minutes in: $143.33 / 134,44 € *(volume: 247)* +- 🟩 US close price: $146.50 / 137,40 € *($143.70 / 134,78 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0662. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi all, + +I see a lot of posts on this forum that ask the rent vs. buy question. There are plenty of calculators out there, some more elaborate than others, but the basic gist of it is that your break-even point is typically around the 5-7 years mark. + +My wife and I bought our first home in December, 2015, so we're approaching that five-year mark, and I wanted to take a look to see how we're faring. + +Before we bought, we were renting a home below market value, and we needed to get out of that situation for various personal reasons; although we were set on buying, I thought it would be interesting to look at what things \*would have been\* if we chose to rent instead. + +We bought a 3br 2ba home in the suburbs of a major city; cost of living is moderate to high (median home value around here is $450k; cost of food, fuel, tradespeople, etc. are all higher here than in surrounding areas within the region). Had we rented, we probably would have gone into a 1br apartment until we had our first child, when we'd go to a 2br place, and finally to a 3br place once we had our second kid. That's too complicated, though, so let's just make an apples to apples comparison - let's assume that we would have rented a roughly equivalent home the whole time. + +Without further ado, here is the analysis: + +Actual Costs of Ownership + +|Type|Cost|Comments| +|:-|:-|:-| +|Mortgage, down payment, closing costs, taxes, insurance, PMI|$109,311.00|$266k mortgage on a $280k home, refinanced twice to get better terms| +|Maintenance|$16,210.30|\~1.2% of purchase price, per year| +|Home Services|$6,681.56|House cleaning, lawn service - things we wouldn't have done if we were renting| +|Home Improvement|$3,611.15|Minor improvements, like adding mulch| +|Capital Improvements|$44,173.57|Major improvements, like adding central A/C| +|Appreciation|\-$62,000|Home value went from $280k to $360k; after 5% closing costs if we were to sell, we're $62k better off| +|Equity|\-$37,000|Used equity to kill student loans, but we *did* earn it| +|Opportunity cost of Up-front cash|$12,523.72|S&P has increased by 48.6% since we closed with $26k-ish| +|**Total**|**$93,511.30**|**Total costs minus benefits**| + +\[edited to incorporate equity and to note that mortgage includes taxes, insurance, and PMI\] + +~~I just took a look at roughly comparable homes for rent in the area (there aren't many), and they are going for \~$3,000/mo; when we bought, they were going for \~$2,500/mo, so let's just split the difference and assume $2,750/mo for the 55 months since we bought, and we get $151,500.~~ + +On average, a 2br apartment goes for $1,800/mo here; there aren't very many 3br houses comparable to the one we live in now, but if we were willing to live in a townhome, we could get one for $2,500/mo. Move would have to have happened after two years since we were expecting a child, so our total rent would've been $120,700. We already broke even! Yay! + +\[edited to be slightly more realistic in that we could've done a 2br apartment for a couple years\] + +I started looking to figure out \*when\* we broke even, but that is a big pain in the neck, so I won't bother. + +Some lessons learned in the past 4.5 years: + +1. Rent is the maximum you pay to put a safe roof over your head every month; mortgage is the minimum. We pay $1,491/mo in mortgage, but our total cost of housing (excluding things you'd need to pay for regardless, like electrical / cable) has averaged around $2,050/mo. Mortgage only makes up about 74% of my cost of housing. +2. Ownership means a lot more irregular expenses. I may be paying less on average, but there are some months when I need to spend upwards of $5,000 on my home because of things that break down. +3. Initial negotiation was *critical*. We got into a bidding war with another couple and initially agreed on $305k (initial asking price was $299k), but after inspection we negotiated that number down; after our appraisal came in low, at $280k, we refused to pay a penny over $280k. The sellers threatened to walk, but we held firm, and they eventually relented. +4. Pure dollars and cents are important, but there is something to be said about security and pride of ownership. We own our home; we aren't subject to the whims of a landlord, and we will only move out of our home on our terms (or if there is some disaster). If we want to do something, the only limitation we have is what our township allows, and we have the freedom to do things ourselves or contract it out, which has meant that I've been able to do some things I'd never have learned to do in a rental situation. I take pride, for example, in the ceiling fans, outlets, and light fixtures I installed before our first child was born; I take pride in the roof I replaced on our shed; I take pride in the fact that I fixed our boiler in March, when a sensor was dirty and malfunctioned as a result. You can't really put a price on that. +5. Although ownership was right for us, it very easily could've been wrong if we were not fully prepared for the financial commitments that come with owning a home. It wasn't great to have to dump more than $10k into things nobody could see, all within two months of each other in 2016. That could've put us in a debt spiral if we were not ready for that type of eventuality. +6. Appreciation is somewhat arbitrary. While our purchase price was probably lower than it needed to be, current value has been driven somewhat by luck. + 1. Our next-door neighbor intended to sell his home to family for $275k in 2016, but someone came in and offered him $340k, which he took. That person made some great improvements and moved out last year, selling for $397k. + 2. Part of our low appraisal was that homes in this neighborhood were just not turning over, so it was tough. In the 4.5 years since we bought, five out of the ten homes on our block have sold, all to people similar to us. The neighborhood has gone from aging and quiet to young and vibrant. There were zero kids on my block when we moved in; now, there are 13 kids under age-10. + 3. Homeowners have virtually all made appreciable improvements to their homes - one has added a second floor; two have put on additions; my nearest neighbors have all done significant tree and landscaping work, all of which improved curb appeal. Had much of this not happened, there is no way our home would be worth $360k, even with all of the improvements we made. + +I hope this helps folks who are considering buying! + +\[edited to add point #6 above\] + +Edit: A lot of you have noted that I didn't account for equity I've earned. You're right, I didn't - that's around $35k-ish. However, I know that the average $2,750/mo for a 3br rental is not really fair since there are so few comparable homes that are for rent in my area. At the end of the day, understating how much equity I have and overstating how much it would've cost to rent for the past five years probably works out to about the same amount, so I'm calling it a wash. + +Edit: Christ on a cracker, people. Since when did "moderate to high" cost of living act as a stand-in for NY/BOS/SF? Those are incredibly high cost of living metros that are way outside the norm for the United States. My area is on par with much of Chicago, Philadelphia, Houston, Dallas, etc.; obviously lower than NY/BOS/SF, and higher than Nashville, Indianapolis, Pittsburgh, etc. The median home price is around $200k, and the median home size is around 2,000 sqft. My place sold for $280k and is 1,100 sqft - on the high side of moderate. C'mon, now! + +Edit: For those asking about tax breaks, the Tax Cuts and Jobs Act doubled the standard deduction and capped state and local tax deductions at $10k. Based on those two factors, it no longer made sense for us to itemize our taxes, so we do not get any tax advantage from owning our home. + +Edit: To clarify re: rental price vs. purchase price ratio, yes it is a little off-kilter. We are in an owner-heavy area where rentals are basically limited to apartments. It's super tough to find a comparable rental home (there are literally 5 within a 10 mile radius, and none are absolute comps), which means that people who *do* want to rent are paying a hefty premium to do so, with such low rental stock. A 2br apartment is in the $2k/mo neighborhood, but I have no clue how much it'd sell for since all the apartments are in large complexes that have a single owner. + +Last edit (?): To clarify on cost of living, which many of you seem to be hung up on, *my specific house* does not serve as an indicator of my area's cost of living. To wit: + +* Median household income in the US is just shy of $60k; in my county, it is just shy of $100k (top 40 in the country, top in the state); in my township, it is around $120k, or double the national median. This is high-income. It may be low compared to SF, but that means it's just not *extremely high-income*; it's just high. +* I got my median home price wrong; it's not $200k anymore, but it's $274k. Median home value in my county and township is $450k, 65% above national median. Home prices are not *high*, and certainly not high compared to areas where median home values are above a million, but they are certainly not *low*. They're moderate, and on the higher side of moderate. I got a good deal on my house, which is not particularly representative of homes in the area since it is small (1,100 sqft), has low-end finishes, and was missing some things that are broadly expected in the market (garage, AC); it's still missing those high-end finishes and a garage. +* The area in which I live has a lot of old money; home prices are likely not higher because they don't turn over as much, and because people who live here *stay* here. A result of this is that prices for services are pretty high. A few years ago, I got estimates to replace a deck. Got four quotes - two from people nearby and two from people in the lower-cost county next to us. The quotes from the people in my county were $9k and $10k; the quotes from the people in the county next to us were $4k and $5.5k. A tree job is going to cost you 30% more here than it will 30 miles to the east or west. +* Do the three bullets above make my area "high" cost of living? No, they don't. But to suggest that, because homes cost much more in a handful of markets, my area is somehow "low" cost of living is to ignore the reality of the majority of people in the country. I certainly got a great deal on my home, even accounting for the tons of money spent. +* If you're going to say that a county in the top 2% of counties in the country in terms of household income isn't wealthy, that's your prerogative, but it probably demonstrates a highly skewed perception of wealth and income. +http://money.cnn.com/2017/06/05/retirement/retire-early/index.html?iid=Lead + +You can read some of the details of them in the link above, but I love that this article (unlike so many others) actually has a breakdown of spending! + +**Life at a 67% savings rate** + + +Expense | Annual cost | Category Includes +---|---|---- +Auto | $2,800 | Gas, oil, insurance, tolls +Electricity | $1,181 | 100% electric tiny house +Garbage | $220 | Paid annually for discount +Groceries | $7,200 | Organic and fair trade +Insurance and taxes | $2,100 | Property insurance and taxes +Household supplies | $2,450 | Soap, toothpaste, etc +Medicial needs | $1,100 | Four doctor visits +Storage unit | $1,284 | Storage for camper +Personal care | $100 | Haircuts +Pet care | $2,600 | Vet visits, dental, food, litter +Water and sewer | $636 | Water for tiny house +Discretionary | $1,200 | Fun money +Gym membership | $240 | Yearly membership +Travel | $2,560 | Two+ vacations +**Total** | **$25,671** +Although I am on the front end of pursuing FIRE, I wanted to share what it has already done for me and my family. + +My wife and I decided it was time to family up and have some kiddos once we hit 30. After a year we were not able to conceive and decided to go with IVF. The first embryo transfer didn't take, the second brought us our now 18 month old son, and the most recent transfer sadly ended with a late miscarriage earlier this year. The struggle to conceive is frustrating, but the miscarriage put us at an all time low. + +All that to say the pursuit of FI put us in a position that we could spend +25K on what felt like endless fertility doctor visits without stressing about money. This journey has been a tough one, but smart financial decisions have made it somewhat easier. + +So my FI date keeps getting pushed out, but we will take some of our savings to get away for a week and just focus on our marriage. I'm not sure how this process would have looked if we didn't have the financial means to do so through the pursuit of FIRE. + +Just wanted to let everyone know how the pursuit of FIRE can help in ways you may have never imagined, like paying for the opportunity to have a family. Stay strong y'all! +It's no secret that it's extremely easy to lose money when it comes to investing. By thinking you're smarter than the average bear and doing things like: + +* try to pick individual stocks that don't beat S&P when it comes to drawdown/return other than say... some of the best tech stocks of the past 10-20 years + +* introducing leverage/margin into a buy and hold strategy + +* trying to time the market/do things like investing in an ETF that shorts the market when you 'think' it's going down + +* trying to trade options/buy calls/puts and hope that you get the timing right and sell the increase in premium/IV but instead get caught in the wrong trade and have them expire worthless/near worthless on you + +* trying to trade things like commodities/forex + +* trying to trade things like futures (which move $50 for 1 SPX point directionally on /ES) + +* trying to draw trend lines/support/resistance/thinking you can accurately predict price movement based on patterns/history/wedges/candlestick patterns + +* use one of thousands of indicators like RSI/MACD/Bollinger Bands to try and suggest good entry/exit prices + +* try to make money by investing in currencies/crypto/random countries + +https://www.google.com/search?q=stock+market+quant+jobs + +There's obviously at least some market for "Quantitative Algorithmic Trading Jobs" + +I'm just curious, how much of this is publicly accessible? There's SPY and IVV and VOO and VTI. People eat those up and love them. + +Why wouldn't people love access to an ETF that supposedly beats buy and hold through technical analysis/quantitive analysis/anything? A company offering that could potentially rake in lots of money. If the answer is "very few of them beat buy and hold", why is the industry as big as it is? If you google "does technical analysis actually work", https://www.google.com/search?q=does+technical+analysis+really+work you get a ton of articles saying... yes it does. This is contrary to what I would have thought. + +I've done a bit of light skimming on research papers related to computer programming algorithmic reinforcement training, and... it's almost 50-50. 50% of them say "no correlation was found, what we developed underperformed, stock market price movement is basically random noise" and the other 50% said "yep, totally possible, we beat buy and hold". + +What's the truth? I'm not looking to hear "1 in 10 people can successfully do TA/be a day trader/beat buy and hold". I want to hear... why isn't it agreed upon that *0* out of 10 average people can beat buy and hold? and if quant funds can beat buy and hold... where are they? are they really "so secret" that only people with millions can access them? My friend has $100m-$200m, he put some into something claiming to be a quant fund, it's down 30% this year... +What I am trying to say is, among all the metrics that tells you your strategy is doing good/ decent. How do you know if you are going to live trading that? Or at what level of sharpe ratio/ maximum drawdown/ return/ alpha/ win rate you consider good/ comfortable trading live? +The U.S. Securities and Exchange Commission is examining Nikola Corp. to assess the merits of a short-seller’s allegations that the electric-truck maker deceived investors about its business prospects, according to people familiar with the matter, Bloomberg News reports. + +In a Sept. 10 report that has captured Wall Street’s attention, Hindenburg Research called Nikola an “intricate fraud” that, among other allegations, overstated the capabilities of its earliest test trucks. Nikola has pushed back, accusing the short seller of making misleading statements that were designed to manipulate its shares. + +https://www.bloomberg.com/news/articles/2020-09-14/sec-to-examine-nikola-nkla-over-short-seller-s-fraud-allegations +I'm trying to apply for Jobseeker since I lost my job. I need to tell them how many shares I own. I have a few VAS shares, but when I enter VAS as the ASX code it gives me an error (see screenshot: [https://i.imgur.com/M9wlk41.png](https://i.imgur.com/M9wlk41.png)) + +Am I being stupid and this isn't the ASX code? + +Just thought I'd check before I waste a couple of hours on hold for the next three weeks without getting through. +Several times I've looked at my stop and said "no way it goes here." It does. and it doesn't make sense with how the market direction is going. Is it actually possible for someone to see your stop order (smart money) and "hunt" it? +Hello! I’m 28 and kinda just starting out with investing and was interested in dividends after learning about it. + +Really interested in the passive income possibility later on but I’ve seen a lot of stuff about having a Roth as well. + +I have a 401k with my employer and was just kind of confused about having both a 401k and Roth? + +Would I be able to generate passive income if I have a Roth for retirement and maybe a separate Robinhood-like account for passive income now? Just wondering how I should go about this. + +Thank you! +Dear Unit Holders, + +It has been a few weeks now since we converted the PetaMine to 1 GH per unit and 100% daily dividend payouts. +We want to use this update to provide more transparency. + +Daily dividend payouts are based on mining revenue of the last 24h (including altcoins like NMC/DVC/IXC). The differences in daily dividends have its origin in the variance in finding blocks for those last 24h. + +The daily dividend consists of the mining revenue of the last 24h minus the hosting fee. The hosting fee totals 0.0049315$ per GH per day or 0.15$/GH per month to cover electricity, maintenance and repairs, hosting facility. Hosting costs are converted to BTC using the days BTC/USD ratio. + +End June we decided, after passing a vote, to switch to p2pool because of the risk of ghash.io reaching 51% of the network. In the meantime this risk has disappeared with ghash.io having a marketshare of 27%. Besides that, the Bitfury systems are not compatible with p2pool and the variance on the daily payouts would be enormous. + +Some people requested if additional hardware will be deployed. In the short term, we do not foresee to add additional hardware, as this would require the availability of new reinvestment funds or launching a new IPO. The results of the last vote was clear that people rather choose their own reinvestment level by purchasing additional 1GH/s units available at market value. + +As always we will keep monitoring the Bitcoin ecosystem/mining environment closely. + + +Team CryptX + +DraftKings Inc. DKNG, 3.16% CEO Jason Robins vows that people who are selling his company’s stock will “regret that decision.” + +Robins wrote this message on Twitter TWTR, 4.85% on Tuesday as DraftKings stock continued its recent slump. + +“If you sold #DKNG today, just be aware that my team and I are on a mission to make you regret that decision more than any other decision you’ve ever made in your life,” he tweeted. The post had drawn around 2,000 likes by press time on Wednesday, and was quoted or retweeted about 500 times. + +Robins has been dismissive of the slumping stock price of his sports betting and daily fantasy company of late, and opted for a more optimistic long-term approach, instead. + +“It’s a wild market right now. I think what we’re doing has been very consistent since day one,” Robins said on CNBC in February. “I think the model’s working, and we’ll play the long game here.” + +DraftKings’s trading price has plummeted in recent months, exacerbating a downturn that has now lasted more than a year. DraftKings stock was trading at $17.82 on Wednesday, near its recent 52-week low of $16.56. The stock is down over 43% over the past three months, and down 72.1% over the last 12 months. + +In February, DraftKings disclosed that Robins’s total compensation in 2021 was $14.03 million, down from $236.83 million in 2020. + +During the company’s latest earnings call, Robins advocated for more states to legalize sports betting, and specifically urged legalization in California, the most populous state in the country. + +Robins suggested that the tax revenue that California would receive from legalizing sports betting would directly benefit ‘homelessness and mental health’ in the state. Thirty U.S. states and Washington, D.C. now offer some form of legalized sports wagering, according to the latest tally from the American Gaming Association. +Let's say the loan is for $20,000. Monthly payments would be $480 for a total of 4 years. The APR is 6.99% + +The outstanding debt is a $10K car loan (APR 4.75%) and $6000 of medical debt. Monthly payments towards this debt total $650. They cannot be lowered. + +Paying off the debt as is would take 36 months. Paying off the loan would take one year longer. + +Any help would be appreciated. +We all talk a good game, but today's (1,175.21 point) drop in the Dow Jones likely gets your attention. I'd like to hear your status (retired or not) and your high level investment allocation (stocks, bonds, real estate, other) and your reaction along with any steps you plan to take (or avoid) as a result of the last couple of days of stock market volatility. +how many people are even actually following this rule? + +i’m confused at how this 30% income rule is even remotely applicable anymore. it’s literally impossible in most us cities with average middle class income to manage this. + +if you make 50,000 that’s really 33,000 after taxes. and that makes your available rent price to be $825. which doesn’t exist in any cities + +your only options is to have roommates or live in a sketchy area. which like when you’re moving to a completely new area is hard to find. and i also don’t want roommates i just lived with other people for 4 years i thought i was supposed to be done with this + +a year ago i ran my own business online. and i was making 71,000 on my own. and was able to easily afford rent in my one bedroom Houston apartment for $980. i always made sure i was within 30% + +this business proved to be unstable and i’ve begun applying for entry level jobs with my degree. and i’m shocked at how this 30% rule is even possible. it’s impossible to find rent in any major city that wouldn’t at least be 45% of your income. + +wouldn’t it make more sense for the rule to be like 40% instead? +I have recently moved to the UK so I don't know very many people here and it gets lonely. I've been thinking of getting a pet to keep me company, more specifically a Golden Retriever since I absolutely adore them. While I do have a lot of time and patience to train/entertain him I'm not sure if I have the money to afford all of the expenses that come with owning a pet. I've heard different numbers from different people so I'm curious to hear from dog owners here how much do you spend on average on food, healthcare, toys, etc. +https://www.reuters.com/article/us-costco-wholesale-results/costco-beats-estimates-as-high-covid-19-costs-weigh-on-shares-idUSKCN26F3IH + +(Reuters) - Costco Wholesale Corp COST.O recorded high coronavirus-related costs for the second straight quarter, overshadowing its better-than-expected results and sending the company's shares down 3% in extended trading on Thursday. + +The warehouse chain spent about $281 million on employee bonuses and sanitizing its warehouses in the fourth quarter, mirroring a trend of rising costs across U.S. retailers during the health crisis. + +Costco had estimated in May that COVID-19-realted costs would exceed $100 million, but would be lower than the $283 million incurred in the prior quarter. + +“$281 million is over $100 million but quite a bit larger,” Chief Financial Officer Richard Galanti said on an earnings call. + +The company cited the $2-an-hour premium paid to employees as a factor for the jump in costs. The bonus costs Costco $14 million a week. + +“We’ve committed to doing that at least through, I believe, the first eight weeks of this fiscal quarter,” Galanti said. + +Several U.S. retailers, including Kroger Co KR.N and Amazon.com Inc AMZN.O, have come under fire for stopping hazard pay for their workers. + +Higher demand for fresh produce, appliances and gardening and sporting goods helped Costco’s total revenue climb 12.4% to $53.38 billion in the quarter ended Aug. 30, beating the average estimate of $52.08 billion, according to Refinitiv data. + +Traffic at the warehouse chain, where customers typically buy items in bulk at lower prices, also ticked up in the quarter, after declining about 20% in April, as COVID-19 restrictions eased and it brought back food samples. + +Revenue from memberships rose 5.3% to $1.11 billion, while online sales nearly doubled. + +Excluding items, Costco earned $3.04 per share, beating estimates of $2.84. +An article on [Nasdaq](https://www.nasdaq.com/articles/gleec-btc-exchange-acquires-blocktane-brazilian-crypto-legislation-progresses) discusses how the Federal Senate of Brazil passed a bill that legalizes the use of cryptocurrencies as a payment method within the country, leading to more crypto exchange giants purchasing smaller projects to own more market share. With this government acceleration, do you think South American nations will be the first to mass adopt and regulate crypto as a payment? + + +SatoshiStreetBets official presents: **SatoshiSwap** \- First DEX with Margin trading - Yield farming - Liquidity providing - Lending -Swapping - launched FEB 7th - Currently 15m mc - Staking next week - DEX launching Q1 - Insurance fund - Audited - Leveraged token burns - Registered company. + +The original and official [r/SatoshiStreetBets](https://www.reddit.com/r/SatoshiStreetBets/), founded by David Gilbert, is launching SatoshiSwap on BSC; the first ever Decentralized margin trading protocol. **Token: SWAP.** + +Think of PancakeSwap with the option to open a leveraged trade. Let that sink in for a bit... Smart contracts coding finished and audited ✅ + +But there is much more 👀 + +\*Margin trading + \*Swapping + \*Lending + \*Liquidity providing + +\*Audited smart contracts + \*Battle tested defi components + +\*Insurance fund + +\*Experienced developers + +That is not it, much more unique features coming. Designed to reward holders of the Swap token. Choose what fits u and earn a passive income by holding SWAP tokens: + + \*Earn interest: Securely deposit in the audited vaults and passively earn interest. + \*Yield farming: Farm yield by providing liquidity to the SatoshiSwap DEX. + \*Staking: Lock up your tokens in the HODl bar and receive staking rewards. + \*Trading fees: A percentage of each trade is shared with token holders. + \*Liquidation fees: All liquidated trades that occur on the SatoshiSwap margin DEX are shared with token holders. + +\*Diamond hands: A temporary token that tracks those who HODL and deserve maximum rewards. Tradeable and composable in its own right. + +\*Community participation: SatoshiSwap is distributed to community members in proportion to the upvotes their content receives. + \*Vault fees: A percentage of fees from the vaults are shared with token holders. + \*Leveraged burn: SatoshiSwap by design burns tokens in proportion to how much activity occurs on the margin DEX. With Leverage trades occurring, this means burns will occur in proportion to the amount of leverage e.g. x10. + + +**SatoshiSwap token: SWAP** + +*Current market cap only about 15m!* + +*Staking next week* + +*DEX live in Q1.* + +*Massive token burn coming.* + +*About 400B coins getting locked for at least 6 months.* + + This will be a multibillion-dollar market cap in the near future🕺 + +**NO TAX** on this coin. So can be listed at tier 1 exchanges (hint hint). + +Website: https://satoshiswap.net/ + +Telegram: https://t.me/SatoshiSwapOfficial + +Twitter: https://twitter.com/SatoshiStBets + +Discord: https://discord.com/invite/SatoshiStreetBets +Guten Morgen to this global band of Apes! 👋🦍 + +As we enter another week in the GME Saga, I am hopeful that this week brings resolution to some open questions from recent weeks. + +First and foremost is the fact that the DTCC mishandled the splividend. +GameStop clearly stated that it would be a split by dividend, but the DTCC instructed brokerages that it was a standard forward split. +ComputerShare delivered the shares for the split by dividend, but there is no indication that they were properly distributed. +The intensity of the FUD campaigns over recent weeks makes me wonder if it's all a distraction from this egregious crime. + +Second, the whole situation with BBBY. +Ryan sold his positions without any discernible hindrance to the run-up. +The shills were still out in force, encouraging FOMO, especially if it got Apes out of GME to do it. +Two days later, the price dropped precipitously on the revelation that Ryan had exited. +This seemed like an engineered drop, given how aggressively the media was driving the narrative that Ryan had screwed retail investors. +He did not. +He screwed SHFs. + +Last week, Citadel borrowed $600m with very bad terms. +This seems like a desperate move by desperate people. +Where early in the GME Saga, they were propping up failing institutions like Melvin with billion dollar loans, they are now desperate for fractions of that amount. +They are in an existential crisis. +We have seen that they will take *any* necesary step to survive another week; another day. +They just secured some more cash to ease that burden. +They are careening toward disaster, hoping to shake us off before they are destroyed. + +Our Diamantenhände will HODL. + +Today is Monday, August 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$36.12 / 35,92 €** *(volume: 11979)* +- 🟥 115 minutes in: $36.14 / 35,94 € *(volume: 11926)* +- ⬜ 110 minutes in: $36.18 / 35,98 € *(volume: 10914)* +- 🟩 105 minutes in: $36.18 / 35,98 € *(volume: 10863)* +- 🟥 100 minutes in: $36.08 / 35,89 € *(volume: 10830)* +- 🟩 95 minutes in: $36.17 / 35,97 € *(volume: 10794)* +- ⬜ 90 minutes in: $36.05 / 35,85 € *(volume: 10620)* +- 🟥 85 minutes in: $36.05 / 35,85 € *(volume: 10540)* +- 🟩 80 minutes in: $36.18 / 35,98 € *(volume: 10508)* +- ⬜ 75 minutes in: $36.17 / 35,97 € *(volume: 10108)* +- 🟥 70 minutes in: $36.17 / 35,97 € *(volume: 10108)* +- 🟥 65 minutes in: $36.23 / 36,03 € *(volume: 9988)* +- 🟥 60 minutes in: $36.28 / 36,09 € *(volume: 9117)* +- 🟩 55 minutes in: $36.30 / 36,11 € *(volume: 8775)* +- 🟩 50 minutes in: $36.29 / 36,10 € *(volume: 8775)* +- 🟥 45 minutes in: $36.29 / 36,09 € *(volume: 8767)* +- 🟩 40 minutes in: $36.40 / 36,20 € *(volume: 7055)* +- ⬜ 35 minutes in: $36.30 / 36,11 € *(volume: 6457)* +- 🟩 30 minutes in: $36.30 / 36,11 € *(volume: 6349)* +- 🟩 25 minutes in: $36.30 / 36,11 € *(volume: 6332)* +- 🟩 20 minutes in: $36.04 / 35,84 € *(volume: 4515)* +- 🟥 15 minutes in: $35.83 / 35,64 € *(volume: 3179)* +- ⬜ 10 minutes in: $36.32 / 36,12 € *(volume: 1296)* +- ⬜ 5 minutes in: $36.32 / 36,12 € *(volume: 1081)* +- 🟥 0 minutes in: $36.32 / 36,12 € *(volume: 528)* +- 🟥 US close price: $36.49 / 36,29 € *($36.50 / 36,30 € 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 1.0054. 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! +As many of us may know right now. The USA has been hit by 6 tornadoes and its a giant Warzone. + +First of all, + +I hope you and your family and love ons are all well, second is there anything we can do as a community? + +I know this isn't a GME related post. but god damn some things are more important. + +Edit: please people show some mercy, we are talking about peoples lives here. I know it is not GME related +but it is APE related. as we are a global community. + +Edit2: thnx for the awards apes, but use that money to help the victims of this disaster. + +Edit3: for all apes that do want to help : https://www.wkyt.com/2021/12/11/how-help-western-kentucky-after-devastating-tornadoes/ +I was comparing 1K on United and Delta Diamond. Looks like getting to 1K on United is far easier by just spending around $15k (15k PQP) while Delta has this massive 120k MQM requirement. Sure you can cut down 60k in MQM by using the Reserve card but it takes a lot of flights to hit the remaining 60k MQM. + +Was thinking come January, just purchasing a RT international business flight on United to hit the PQP requirement and enjoy 1K it for 2023 + 2024. + +Am I missing something here? Is there any concierge services where I can purchase diamond status on Delta (and possibly other airlines)? + +Are there any special commercial airlines programs? + +Wish there was a program where I can just buy top status on all major airlines (or alliances) just for the perks and not worrying about xyz. + +EDIT: Thanks for the responses everyone. Ok-Fondant-5492 mentioned PassPlus on United and this is similar to what I was looking for. I guess looking more into corporate level memberships at these airlines. +This reddit [user](http://np.reddit.com/u/me) is an absolute moon whore. They have been caught posting low quality content multiple times. They make many comments a day and the only thing they contribute to the community is one-liners. They should be punished accordingly. +As the subject says, I want to save for my son’s college, but I don’t know what college will cost in 14 years, let alone if he will want to go. + +I’m saving about $2,400 a year. And I have no idea if that will be too much or not enough. He’s also an only child, and so if he doesn’t use his 529, then what can I do with that account? I’m probably not angling to go back to school as I’ll be 55 in 14 years. + +I was able to get my undergrad thanks to a full ride scholarship. My graduate degree left me with debt that took eight years to pay off, and I’d love to be able to put him in a better situation financially than myself. +EDIT: thanks to the comments I just checked annual report again and saw that they had around $430M income tax benefit so that kind of ruins the whole net income performance and free cash flow so it does not seem like a good investment. + + +Yesterday I read the annual and Q4 reports from Bumble and want to share some points regarding those: + +**Q4 Earnings** + +* Revenue increased by 25.7% to $208.2 million from $165.6 million in 2020 Q4 +* Total paying user increased by 10.6% to 3 million users +* Average payment per user increased to $22.83 from $20.02 + +**KPIs from 2021 Full Year** + +* Net Income increased to $286.9 million from -$142.8 million in 2020 +* Free Cash Flow increased to $91.2 million from $41.2 million +* Treasury stock -> 24,798,848 => $1.018 billion + +**2022 Plans** + +* Will be expanding into new geographies: Europe, Asia, Latin America +* Expected revenue growth for 2022: 34% to 36% + +**Russia Exposure** + +* 0.1% of the assets in Russia +* 2.8% Revenue in 2021 + +**Other points:** + +* Seasonal increase in first Q due to the Valentines Day and in the northern hemisphere summer time - 2022 Q1 Earnings will be released in mid May +* February 2022 Bumble acquired Fritz, popular in Gen Z +Hey everyone, I am curious to hear people's opinions on government bonds and bills. I'm sure as yall know the rates have been increasing significantly over the past month or so and am curious to how much of your portfolio and what rates you would consider investing into them. I recently started investing money into the 4 and 8 week t bills at 0.5% and 0.7% respectfully to increase my exposure but I believe that by the end of the year we will see the 4 week t bill over 1% again and longer dated bonds at over 4%, at which point I would start to allocate much more of my portfolio there. I haven't been bullish on bonds since I started investing but given the rising rates relative to the price of stocks I believe that 4% will be better in the long term then a negative return. I guess this is all somewhat dependent on inflation and what the FED does but I think they will miss their soft landing while managing to tame inflation at about 3.5%. Being a 28 year old though I probably would not do more then 40% into bonds. +Ok smart guys and gals...what am I missing with Foot Locker (FL). Here are my assumptions: + +1) Company Growth rate: 0% (they don't grow anymore, EVER) + +2) Discount rate: 9% + +3) 5 year average Free Cash Flow (FCF) \~ 640M, I cut that in half accounting for Nike etc. So FCF of say 320M a year. + +4) Current Book Value: 3.34B-886M in Goodwill: 2.45B + +5) Shares Outstanding: 100, 368,000 + +6) Total Value running Present Value of those future cash flows plus adding in the book value at the end: $5.8B + +7) Value price per share roughly \~**$58**. + +&#x200B; + +HELP, what am I not seeing on this one? +I am an engineering ape, finance is not my background but I tried hard to understand this system well enough to make sense of u/atobitt 's Everything Short without being a total sheep. + +I have seen a lot of posts and comments asking about what the RRP is and why it's important. And also a lot of supremely Jacqued Tits. I am jacked too, but I'd like to give back some more to the community and hope it helps. + +I'm sure you have all heard that the Fed has been performing overnight reverse repurchase agreements to the tune of $500bn as of late, they're also known as ON RRP, or reverse repo's. I'd like to take a stab at ELIA. And also give some thoughts about what I think is happening - and who it benefits. + +Here it goes: + +\--- + +The Federal Reserve is the bank for the US banks. Their job is to make sure the US dollar remains valuable and the US economy works in such a way that it supports the dollar. Some will argue the nuance here. *That means* ***the primary goal is to keep long-term inflation down***\*.\* + +&#x200B; + +**The Fed has 2 tools to control inflation and keep the US dollar valuable: Federal Funds Rate (FFR) and Overnight Reverse Repurchase agreements (ON RRP).** + +The FFR is the interest rate banks should lend to each other, and is set by the FOMC (essentially the Fed). This is the interest rate banks pay to each other to loan money to each other. + +The ON RRP is when the Fed removes cash from the market in exchange for something else, in this case US Treasuries. + +&#x200B; + +[https:\/\/fred.stlouisfed.org\/series\/RRPONTSYD#](https://preview.redd.it/ybx709xcwq471.png?width=2338&format=png&auto=webp&s=9373aa992f03262b2fa669e3dea4d7bbdbb2b1a3) + +&#x200B; + +**Why do banks loan money to each other anyway?** + +They loan money overnight to help each other have enough liquidity to satisfy the fractional-reserve banking law. This law means you must have some percent of the money you hold in cash in an account with the Federal Reserve bank. The law states that you must satisfy an average amount of a 2-week average of overnight reserve. If you have a lot of clients that take money out of your bank today it can add up quick. In order to be a bank you must comply to regulations around fractional reserves, or how much money you keep in an account with the Fed. The Fed holds fractional reserve accounts for all banks in the US. Fractional reserves are the idea that if you have a bad day on the market, or something tragic happens you should be able to survive. *In the past, the US has been criticized for having too low of a reserve rate compared to more conservative banks, for instance the Bank of Canada.* + +An example: + +\- You receive $1bn from deposits on Monday + +\- You lend 90% of that $1bn on Tuesday to a prime broker (usually a subsidiary of your bank - they lend that out to other people like hedge funds and so on) + +\- On Wednesday your clients withdraw a net of $80million, but you only kept $100 million - so you now have $20 million dollars in cash. In order to comply to regulation you must find ($700 \* 10%) - $20 million. You must come up with $50 million dollars tonight so that you don't violate the law. + +\- On Wednesday another bank had a net surplus of $100 million dollars, and they can't really make much money on it unless they re-invest it. We've got a deal! Other bank loans you $50 million dollars at a rate close to the Federal Funds Rate (FFR). + +\- Other bank makes $50 million \* (FFR%), and you get to keep being a bank. + +This happens every night, with every bank - they all have ebbs and flows of cash, and they all need to remain liquid such that when you go to an ATM you can actually take your cash out - and so that they don't get denied their bank status and go out of business. + +&#x200B; + +**How does the Federal Funds Rate (FFR) affect inflation?** + +Supply and demand! If something is "hard to borrow" it effectively means there is less of it - it's the same thing with respect to lending, that's why it's referred to as the money "supply" not volume of dollars. + +The lower FFR is the "easier to borrow" money is - meaning money worth less. When money is worth less, that means inflation is going up. + +The higher the FFR is the "harder to borrow" money is - meaning money is worth more. When money is worth more, inflation is going down. + +Prime rates, mortgages, car loans - virtually all lending rates depend on this supply / demand of money and therefore are all dependent on the FFR. That's why rates are sometimes described as (prime + x%) - because prime is what prime brokers will lend depending on the FFR. **During the pandemic the FFR was effectively 0%**. This allowed a lot of folks to get mortgages they may not actually be able to afford, in addition to some other really band lending that I will explain later. + +&#x200B; + +**How does the Overnight Reverse Repurchase Agreement (ON RRP) affect inflation?** + +A similar relationship exists for the ON RRP. + +The more cash in the market, the less cash is worth, inflation goes up. + +The less cash in the market, the more cash is worth and inflation goes down. + +The ON RRP allows the Fed to take cash out of the market. The ON RRP happens every night, and if it stays high - it's kind of like a permanent withdrawal of the funds from the market. Right now, essentially the Fed is taking out $500bn from the market. This is supposed to be "temporarily" until the market catches up with the cash flow. Critics of the ON RRP say that the Fed should limit it's use because it can negatively affect participants. + +\- The Fed controls when to unwind the cash-flow and therefore can determine who is best positioned to take advantage of it when they do + +\- The Fed becomes entangle with the free market operations, making them a giant crutch for private entities that will no longer adhere to capitalisms laws (too big to fail mentality). Private entities who are not afraid to fail will gamble and gamble **big.** *Sound familiar?* + +**A phenomenon called "flight-to-quality"** + +This phenomenon can occur with the Fed performing ON RRP because participants will prefer to do business with another entity of high quality. What makes an entity high quality? T + +\- They give you good rates + +\- They give you good collateral + +\- They don't default with your cash on hand + +When the Fed goes into the market as a large borrower of cash - they become the highest quality lender that one can find. They give great assets US Treasuries. They cannot default. The only thing is that they are giving shitty interest rates, but who cares. If banks are worried about short-term stability they are not thinking about interest rates, they are thinking: + +\- How do I get out of this with out my money going down with another ship, i.e. without lending it to another bank because who knows what kind of shitty deals they made. Look at the ones I made! Holy fuck, Fed let me in! + +\- How do I get enough assets to leverage for my own (nefarious) purposes. More below! + +&#x200B; + +Banks will choose to do dealings increasingly with the Fed, and less and less with each other. This is not a free market and it can have some very bad outcomes. + +&#x200B; + +**Why is the Fed using ON RRP aggressively now?** + +They "printed" a lot, I'm talking 4 trillion dollars in 2020 - but obviously they didn't circulate it as currency. It's in the form of stimulus, forgiveness on loans etc. + +&#x200B; + +[https:\/\/fred.stlouisfed.org\/series\/WALCL](https://preview.redd.it/l1b7kezxxq471.png?width=2330&format=png&auto=webp&s=0d01d30a591a5fcd7fcf291b3ed6a070329a9335) + +[https:\/\/fred.stlouisfed.org\/series\/TOTRESNS](https://preview.redd.it/oeiiosmbxq471.png?width=2322&format=png&auto=webp&s=9e25b4c4a8a5ca349d521ebfc2cfc795bdfc7d53) + +Michael J. Burry warned us about a thing called *hyperinflation -* which just means inflation but very fast. When you double the assets that the Fed has taken on in 1 year, that would generally mean to me that if inflation were on the way, it will happen in a fucking hurry. + +The Fed basically "printed" a shitload of money to keep the economy from crashing during the COVID-19 pandemic and in-so-doing created the blackhole of inflation we are witnessing them try to deal with now. The worst of it is, Dr. Burry predicted this ***before*** the pandemic, after it hit, it's not even a discussion, it will happen. + +What we are seeing now is the whiplash of the COVID-19 printing spree being turned off - and it turns out there are 2 main components - and they compliment each other. + +\- **The Fed is taking cash out of the market to prevent inflation** and prevent economic collapse, since all of the Fed operations are tied to mortgage backed securities and commercial mortgage backed securities as well as the value of the US dollar - they have to act. There is no world today in which the US is prepared to have the USD not back most other currencies in the world. There is no world today the US can reasonably handle another collapse of the MBS or CMBS markets. + +\- Banks (prime brokers) are taking US treasuries in exchange for their cash because they have too much cash and they over-lent to to participants with an extremely loose FFR. The extremely low rates would allow someone to leverage their assets incredibly high with very little interest or cost - this means 2x effectively cost the same as 20x for interest paid. Banks are now happy to accept US Treasuries on an ongoing basis to satisfy margin and other requirements for their participants to prevent them from being liquidated and taking huge losses. *Remember that saying, "You lose $100, its your problem, you lose $100 million dollars it's your banks problem"* + +&#x200B; + +**Example** + +\- You are a hedge fund, you get almost 0% borrowing fees from your prime broker on assets + +\- You are also a cocky asshole who has great track record, so 20x leverage is no sweat since you never lose. You take this ultra low interest rate and pay essentially what you were paying before the pandemic but for say 5x the exposure. + +\- You buy lots of blue chips (see later for more about this) and short the living shit out of some companies that are doomed to bankruptcy (that you've been in on this for years). + +\- Your short play backfires - increases 10x + +\- The COVID-19 borrow rates are gone and new rates on collateral are back to normal + +\- You can't afford the new 20x leverage interest / fees + +***- Your prime broker starts forking over collateral to you so that you don't get margin called and liquidated and lose all*** ***their*** ***money and your money*** + +\- Your prime broker uses the cash that the Fed printed and they now have to get the collateral to use for your shitty deal, they give you US Treasury bills which can be used at extreme leverage + +\- US Treasury bills become extremely devalued, some other participants banked on that too + +&#x200B; + +**The aftermath of COVID-19 monetary policy** + +From Feb 2020 until now the Fed loosened monetary policy, lowered the FFR (inflation up!) and printed a lot of fucking money and in my opinion, banks and by extension their prime brokers over-lent to market participants in both the fixed income market (treasuries & MBS) and stonk market. The Fed is now stuck doing permanent "temporary" ON RRP's until the market catches up to the money they printed, or a huge financial event happens. + +US Treasury bonds are getting fucked up. + +Banks are more evil than they have ever been. + +Too big to fail is the attitude for all these bastards. + +&#x200B; + +**A run through of what the financial climate would look like and who would benefit (speculation last as usual)** + +\- Banks (prime brokers) who are responsible for acting responsibly (ya right) with the loose monetary policy set forth by the Fed were supposed to use the Fed "printing" money as a security measure; they did not. The monetary policy was supposed to be used to support average workers and businesses that would otherwise struggle to pay bills or stay alive during the hardship. + +\- Banks (prime brokers) in addition to using the loose monetary policy to provide help to average folks (they *did* and they *did* tout this all over) they used this rate to lend to hedge funds, other brokers, all borrowers. + +\- The borrowers took this ultra cheap rate and decided to go fucking buck-wild on the markets since the cost to borrow was so low they could leverage even higher **with rehypothecation - the compounding borrowing fees would still be tiny; or nothing if the FFR was 0%** or almost 0%. Leverage your tits 9x, 10x, 20x doesn't cost any more so of course they'll do it. Bill "Big" Hwang was just one of the borrowers who got slammed as the monetary policy was tightening and the big players didn't want to take a huge hit. (There are other factors here, but this is basic principles). + +\- Hedge funds and family funds in particular who have many special exemption from regulations took the opportunity to use the increased leverage in order to make big money. And I think they chose to do it **very strategically, through shorting smaller cap retail markets and business harmed significantly from a downturn like GameStop**, and through ownership of select consolidated "blue chip" big cap retail. i.e. scalping profit from the transition to online big cap retail with 0% interest paid + +\- Hedge funds and family funds would love to consolidate as much of the US economy (mostly retail) into a few of the biggest entities in the market: *the ones that each of them already have huge stake in.* It's no secret that many institutional holders like BlackRock, Vanguard, and Citadel own huge disproportionate amount of huge cap monopolistic retail companies. Think about which business would be allowed to remain open? Who would know about this when the governments were deciding what to allow to remain open? Who would know about it before it happened? Not too hard if you're sometimes known as the 4th branch of government - and as we know the financial market is incestuous. They all talk, money talks. + +\- Wal-mart, Costco, all the retailers who try to take business from local retail. **The biggest of them all got the biggest advantage of them all, Amazon - they never had to close at all.** The big players all had the same strategy, aggressively sell-short (even more!) those that were on the brink of survival before the pandemic, and pump the assets that are typically blue-chip or are positioned to take over the online retail spaces. + +&#x200B; + +This was the biggest pay day ever given by the Fed for free - and like usual the tax payer is on the hook. + +&#x200B; + +TL;DR - For the apes with shorter attention spans: Hedges are fucked. Banks are also fucked. Both of them are conspiring criminally to save their own asses. The Fed is complicit but probably not party. + +**Buy and hold apes these assholes are NOT too big to fail this time.** +I mean, I get it. Mass adoption. The Hyperbitcoinization theory. Metcalfe's law and what not. Besides, who doesn't like a bit of green on their portfolio. + +However, don't forget that banks are not here for you. They aren't here as a benevolent force of good. They just want to front run their own creative destruction. + +Remember what early Bitcoiners had to face to reach this stage of adoption, they had to fight off constant criticisms from all sides, especially the banks and their stooges. + +By all means celebrate the adoption, but also remember the roots of this entire revolution. + +Rant over. Peace out. +I mean, I get it. Mass adoption. The Hyperbitcoinization theory. Metcalfe's law and what not. Besides, who doesn't like a bit of green on their portfolio. + +However, don't forget that banks are not here for you. They aren't here as a benevolent force of good. They just want to front run their own creative destruction. + +Remember what early Bitcoiners had to face to reach this stage of adoption, they had to fight off constant criticisms from all sides, especially the banks and their stooges. + +By all means celebrate the adoption, but also remember the roots of this entire revolution. + +Rant over. Peace 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!* +In short, my gym has a contract which states I need to provide 30 days notice in order to cancel my membership. I sent in my cancellation in March, and they replied that they had "processed my cancellation with 30 days notice", and that my last payment would be in April. However now they have just notified me that I will be subject to pay a club enhancement fee in May, because my gym membership is active until then. + +I tried calling them out on their BS but they just threatened to send to collections. Do I have a leg to stand on here or should I cave in and pay? + +Edit: The gym is Club 16 in North Vancouver, for anyone curious. +Calm down... I didn't sell ALL my bitcoin. I just sold some of it to put towards closing costs. Still very sad because I really believe in BTC and don't want to sell any sats. But, the plus side is I now have a house! +Below table is share price data against 1st November up until close of market Friday 15th Jan. Including now current market cap comparison. Ranked highest to lowest share growth last 75 days. + +[ASX Prices & Market Cap 1st Nov to 15th Jan](https://preview.redd.it/rezc4up3xvb61.png?width=1296&format=png&auto=webp&s=8ecd7e72ae2b2991d4721f1e832e91a7c62a8b45) + +**Almost every ASX tracked Uranium stock is green** to date with for now the 6th continuous week of gains from the growing Uranium market. +Now its evident the funds and institutional investment groups are coming into the mix with large buying of the key players. The Uranium bull market is finally kicking off and is coming on strong. + +WELL DONE & CONGRATULATIONS to all who have made some decent tendies$$$ so far :D + + +The previous [asx table version see here](https://www.reddit.com/r/ASX_Bets/comments/kuz86m/since_1st_uranium_dd_post_on_asx_bets_i_have/) and for the original [Uranium bull market thesis DD](https://www.docdroid.net/lBwbvqo/the-emerging-global-uranium-bull-market-summary-notes-pdf) <--there is now a pdf version i've compiled. For more Uranium and ASX company info look at previous posts. + +Combined market cap increased from $1.49 Billion (AUD) to over $3B and we are still no where near where true market cap values will be once new long term contract pricing is agreed. + +**My picks:** +LOT: 5x🚀 +DYL / DYLO: 3x🚀 \*hold mostly options, will convert some to shares soon +PEN: 5x🚀 \*bought more last week at 0.125 and 0.15 +BOE: 4x🚀 +BMN: 3.5x🚀 \*don't currently hold (yet) + +\*\*Might be opportunity to buy on monday or tuesday after strong run last week - i'll be looking for some red personally, but will revel if all green for another week. + + +Additionally, being the first month of the new year, here are some **Uranium 2021 Firsts** \- credit to John Quakes for fact checking the info + +https://preview.redd.it/13osjijy1wb61.png?width=1292&format=png&auto=webp&s=c12d4c66217d5404a33fee72e5afde840865e531 + +Congrats to all who have done well so far. Have conviction as it is only the beginning of whats to come, and its going to move hard in the short term. +Hi guys, +Can someone help me understand why investing in QYLD makes sense and when? Although QYLD provides dividends but QYLD itself is volatile and wouldn't it eat your dividend profits? + +Thanks! +JEPI is an actively managed ETF, which claims to attempt to track the returns of the S&P500 while also "providing monthly income and lower volatility". I already have SCHD, but I think some monthly dividend from JEPI would also be nice. + +However, JEPI underperforms SCHD and VOO over the long term, but that is without considering DRIP. How does JEPI hold up to VOO when adjusted for the dividends? Is there a good online calculator or graphing applet to do this? + +Thank you for your help. +Guys you did not read that wrong. SoFi has two weekly dividend ETFs. + +Ticker Symbol: + +WKLY: div yield 2.38% + +TGIF: div yield 4.16% + +Has anyone seen this before? + +Would it be advantageous to have this? Would the weekly compounding make a difference? + + +Texas Senator Ted Cruz is seeking to strip language defining who is a crypto "broker" from a multibillion-dollar infrastructure package that was just signed into law.  + +According to a [statement](https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-to-repeal-infrastructure-bills-devastating-attack-on-emerging-cryptocurrency-industry) from Cruz's office, [the proposed legislation](https://www.cruz.senate.gov/imo/media/doc/20211115.cryptobill.pdf) would, if passed, remove language aimed at tightening reporting requirements for "brokers" in the digital asset space. The legislation mirrors an [earlier attempt](https://www.theblockcrypto.com/linked/113707/sen-portman-throws-support-behind-amendment-to-his-crypto-provision-in-infrastructure-bill) by Cruz to eliminate the language from the infrastructure package in August, as previously reported.  + +The original inclusion triggered a raft of efforts by crypto industry advocates to either amend or remove the language, though these efforts ultimately failed. The infrastructure package was signed into law Monday by US president Joe Biden. Supporters of the definitions have said the expanded definition would help provide funding for the infrastructure package.  + +Notably, some of the other senators involved in the pushback [have proposed their own legislation](https://www.theblockcrypto.com/linked/124388/senators-wyden-and-lummis-to-introduce-crypto-amendment-to-bidens-infrastructure-bill) that would revise some of those rules.  + +By contrast, Cruz is once again trying to cut the provisions entirely. + +"As a deliberative body, the Senate should have done its job and held hearings to properly understand the consequences of legislating on this emerging industry before we risked the livelihoods and privacy of participating Americans," Cruz said in a statement. "I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary barrier to innovation." +I'm just finishing a master's. We have only 1,000 in savings since I haven't worked in 2 years and about 9,000 in student loans plus about 21,000 in a vehicle loan. + +The property is a gorgeous 18+ acre lot 30 miles from a major city. The 2 bd 1 bth house that is there was built in the 1920's and would require several repairs before move-in could happen including at least: +-installation of central heat and air (currently window units and furnaces) +- completely redoing electrical (currently has glass breakers) +-completely redoing plumbing. +In addition, we want to start a family soon and the house most likely contains lead paint and asbestos construction materials. + +I kinda worked out a way that this might be possible. But it would require too much in my opinion. + +1) For the down payment on the original property purchase (180k, so 27k required), we would both have to empty out retirement and savings (postponing penalties and taxes until April 2016). (15% required) +2) We would then have to borrow money from her father for the down payment on the renovations. (Also 15% required). We haven't gotten a contractor to estimate the price but I guessed 50k so 7,500. +3) Once renovations are done we would move into a 1400 square foot home (possibly with lead and asbestos) with tons of property and potential... + +I've wrestled and gone back and forth on this for days. I called today and told her we should walk away. She cried (which is cheating) for a solid 10 minutes. + +TL;DR I told my wife we can't make an extremely risky home purchase because it would require everything we've saved and then some for the down payment. Help? + +EDIT: Wow, this really blew up. To answer a few questions. I graduate in 3 weeks. I start my job in June. Our combined 401k savings add up to about 26k. If everything went exactly as planned, our required payments towards liabilities would occupy roughly 30% of our monthly after-tax income. She currently makes >55k/year and my income will be around 55k/year once I get started. +We took out a loan for a vehicle because my vehicle died and we had to have something. + +2nd EDIT: To those with disparaging remarks towards my wife: I married the right woman. She is an amazing, kind, loving, beautiful lady who could probably do a lot better than me but I got lucky. We're currently having a disagreement of opinion right now and I wanted to make sure my take on the financial situation was accurate. And if I'm honest I skewed the available information to include mostly the negative things that I'm focused on right now. Please don't say anything negative about my wife. + +Final EDIT: Thanks to everyone for backing me up. Life, especially married life, has a ton of hard decisions in it. It helps to hear that I made the right call here, even if it hurts. Good news is I did some Excel work and we can save about 28k in 6 months by living with her parents. This particular property may be gone by then but I'm pretty sure we'll find a great home that won't require a spotless lamb. +Here's his original [post](https://www.reddit.com/r/wallstreetbets/comments/uflx06/the_2022_real_estate_collapse_is_going_to_be/). + +The short and sweet of the argument: People borrowed against their retirement accounts to put down cash offers on houses in order to compete in a housing market with stiff demand spurred by historically low rates and short supply. Retirement accounts are comprised of stocks. When stocks go down, the collateral that the loans were based on will shrink and loans will be "called in" to replenish the minimum required amount of equity percentage for the loan (google margin loan). People will have to sell their homes to make the loan call, which will cause the housing market to spiral. + +Scary if true, but I'm not sure loans against retirement accounts are technically a "margin loan" that would be "called in" if the value of the collateral (stocks) shrinks. Right? People would just have to keep paying the retirement account back within 5 years or so, or face a 10% state and federal tax penalty because it would be considered a withdrawal. But I'm not sure. + +TLDR: People are leveraging their portfolios to make “cash” deals on real estate. When equities go down and margin is called, people will have to liquidate the homes to cover margin. Essentially, people took loans against volatile assets and drove up the housing market and a crash in the stock market will drag down the housing market as well. +Does anyone know how big time investors structure deals to grow their real estate? + +I want to basically borrow investor money and purchase properties. Very confused on how to structure deals like this. Anyone have any thoughts? +I don't want to come off as a killjoy; I'm as hyped as anyone here. But it was only a few days ago when everyone thought we were in the middle of a bear market, a few green candles later and it's posts calling for altseason and short squeezes. It's insane what one day of green does to people. Pumps are exciting, but we need to calm down a bit. + +Don't forget we are still in a downtrend, and history shows that pumps can disappear as fast as they appeared. + +So don't make any reckless decisions, stick to the plans you made before this pump, and calm down a bit. You'll do better if you stay humble and keep a level head on yourself. Cheers. +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) +Hey all, + + +I am 28 years old, married, work a typical 9-5 salary job in the engineering world, make just under 100k/year before bonus's and taxes. + +I have taken one mini retirement that lasted just over 2 years before returning to work. I have come to realize that I do not work to earn a living. I work to be able to take retirements throughout my life while working towards financial independence. + + +I live aboard a 42ft sailboat with my wife. A lot of people say that boats are a hole in the water you dump money into. I will agree with that except that my cost of living is lower than surrounding neighbors, which means the difference I would spend for having a home/apartment goes into repairs for the boat. That in turn means when I am done with the "big" projects, the future expenses are MUCH smaller and geared towards maintaining the vessel in top condition while living in a marina or being capable of taking me around the globe on a longer term plan. + + +My sailboat is capable of taking me around the world in comfort. I plan on starting a month-to-month log detailing all the work I have performed, will perform and what I exactly spent on her during the process. + + +To start, I spent $20,000 on the initial purchase of her, she was out of the water and had some blisters that needed to be repaired and there was a crack in the keel to keel stub joint that was present that needed to be investigated. That being said, I spent a total of about $3,000 all in on the repairs out of the water while doing all the work myself(professional yard quoted $12k). + + +The cost of my moorage is $595/month, add in power and live aboard fees brings my total bill per month up to right around $730/month(flucuates about $5-$10/month based on how much power we consume). In comparison, if I rented a place near where I moor, I'd be spending around $1800/month for a 1bd/bath apartment at the low end. + + +In the end, my goal is to spend the next 2-3 years working, rebuilding the boat and saving up to go circumnavigate the world aboard her with my wife. + + +I am projecting to spend around another $15k in repairs to bring the boat into a state that will support my dreams of sailing the world. + +&#x200B; +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /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) +Hi, + +So I've been mulling for a long while which to invest in. + +**Lake Resources** + +LKE has several projects the most advanced being the Kachi project. Located in Argentina. LKE says it has a resource total of 4.4MT lithium carbonate equivalent (75 % of which is inferred 25 % of which is indicated). Now there's the mining technique here is through direct extractin in partnership with Lilac. The PFS for LKE has the following parameters (I'dlike to mention that they have said the PFS uses 25% of the resource i.e.e all the indicated amount of LCE so there may be potential for resource expansion). Pre tax NPV at 8% discount rate of $1,052 million Pre tax IRR of 25% , life of mine 25 years producing 25,000 tons of LCE a year. + +Now as far as I can tell LKE has no off take agreements in place. They are currently having their product tested by novonex for testing ina battery. My concerns with LKE are that there is no off take agreement in place or any mention of serious discussions for an agreement and the number of shares on issue (\~880 million). However, IF they do manage to expand their resource then this might not be such a bad investment but I feel management has been pretty crummy in their cash management. + +They also have several other projects in Argentina all of which have the potential to contain lithium. How much is currently unknown. + +**Infinity Lithium** + +These guys are hard rock mining and will be producing LiOH. Located in Spain, the San Jose project is 75% owned by INF. They may eventually own 100% of the project. This project has a pre tax NPV (at a 10% discount rate) of $860 million. They have a resource of 1.6MT of LCE, pre tax IRR of 42.3%. + +INF seems to be better positioned to secure off take agreements due to their EU location and are in discussions with off take partners. They have \`340 millions shares on issue. This is the only project INF is working on. + +What are your thoughts. LKE has more potential but I don't know why they've blown through so much cash and barely made any significant progress relative to its competition. Compare GLN (another miner in Argentina that uses the same extraction technique) for example. I'm worried that LKE will dilute shares several more times for cap rasing to get the plants up and running and expand resources. + +Edit - corrected mining technique for LKE +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/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/wsNDGTf5QH) +For once in my life I didn't give in to FOMO and I did not buy. Since then the hype has washed off, the price has corrected and now my gamblaholic brain is wondering now is the time to buy. Those who sold, why? Those who held, why? +*Will do my own research and not consider your answers financial advice. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +EDIT: This is not an ad for fucks sake. I’m just trying to be helpful to people in situations like mine. I specifically mention Carvana because that’s the site I used, but you can do the same thing via Vroom, Carmax, and a few others people have mentioned in the comments. Hell, you can even take the offer from one of the aforementioned websites to your local dealer and see if they’ll match it. I quite frankly don’t care HOW you get rid of your lease, the point was to let people know they COULD and it would be highly beneficial at this particular point in time because the used car market is piping hot. At least the mods that reviewed this had the sense to look at my post history and notice I don’t quite fit the profile of a corporate rep. + +On to the original post: + +A little back-story: Both my wife and I drive 2018 Jeep Compass’. Both leased. Hers is $321 a month with 11 payments left and mine is $272 with 10 payments left. + +She hasn’t been working since last October as she gave birth in November and went straight from Maternity Leave into “COVID leave.” I just recently lost my job, so the obvious choice was to get rid of at least one vehicle, even if we had to pay down the potential negative equity. + +So, I started looking at my options, and it turns out the user car market is so hot right now, I was able to get out of my lease with about $1000 in POSITIVE equity by selling to Carvana. Now granted, my car has the mileage of a one year old car and is basically in mint condition, but the point here is that Carvana is seemingly willing to pay a premium for used vehicles due to the current demand, because a lease with positive equity is virtually unheard of. + +Part of what makes this possible is that Carvana uses the DEALER Lease Payoff quote as the amount that you owe, rather than the customer payoff. I was surprised by this, as they could easily pocket the difference (and I wouldn’t even mind, would end up with only about $200 of negative equity). + +I don’t have time to share all my numbers but I wanted to post this in case someone hadn’t considered selling their lease to Carvana. + +It may be a good idea to look into this even if you haven’t thought about or have the need to get out of your lease. You may be pleasantly surprised. +Asking out of curiosity as well as for personal reasons. I’m considering a move to a lower COL city which will involve many sacrifices including abandoning my friends and city which I love living in. Torn because I know it’s the right thing to do financially but I also know I will take a hit to my enjoyment of life. +Single, 30, VHCOL city, \~11M net worth (all liquid; just big ETFs and cash), $200-250k/year expenses, no health issues or family history thereof. + +I barely use any healthcare, but my few engagements with the system have gone (very) poorly thanks to the awfulness of the ACA plans. I picked one of the most expensive bronze plans, but it's been a dumpster fire of insurers and medical offices contradicting each other and their own colleagues/websites over whether they take it. I've lost many hours researching and on the phone, all for the privilege of getting a fraction of the premium value back. I understand that my place in the system is to subsidize older, sicker people and I'm fine with that. It's the actual unusability of the plan and losses of my time that I can't stand. + +I could switch plans, try even harder, and perhaps find actual providers and referrals. But my experience has seriously left me considering just going uninsured. I recently went ahead and paid $3k out of pocket to a dermatologist for a minor thing instead of going through insurance. This was... liberating? + +Could I just keep doing that? I understand that chronic conditions and exotic procedures can go into the many millions in America. But for someone like me, the risk is more like getting hit crossing the street and ending up in the ER. Just how big do such bills get? I'm thinking I'm willing to take that risk if these numbers don't go above $2-3 million and the risk per decade is like 1%. It checks out from an expected value standpoint. And for anything non-urgent, there's medical tourism. + +Somebody sanity check me. Having insurance seems like a mandatory thing in this country. Conversely, being uninsured seems like it should be a scary thing. But numbers-wise, it seems reasonable. I'm interested in some alternative perspectives before I pull the trigger (ACA sign up deadline is coming up). + +EDIT: Thanks, everyone! I'll explore my HDHP/HSA options further and use cash to avoid limitations/hassles as you guys suggested. +Curious to hear, outside of a mortgage, what are the biggest line items in your Fat expenses? For me: + +1) Travel: $5k a month averaged out - 1 two week international trip and 2-3 domestic vacations a year, all in biz class and upscale resorts. + +2) Miscellaneous category: $6k a month average. Sometimes it’s shopping, sometimes special occasions, and at times things like furniture upgrades. Evaluated last 3 years of expenses and it’s been pretty consistent. These are all the credit card expenses that are hard to categorize as known recurring expenses (does not include dining out, but includes one off concert tickets for example). + +3) Cars: I pay cash but these generally average out to $4k/month incl insurance and fuel, getting replaced every 5 years. + +The above do not include one off expenses (like furnishing an entire house, something we did recently). + +Would also love to hear the perspective of retired people if you found a particular category ballooning post RE. +Respect to those who hold, even when times are getting harder, friends and families don't understand us. Criticize or are fearful of our confidence. + +We are warriors, facing lies and fud for most of our lives, we are the ones who have always suffered manipulation, abuse. + +Hold strong for the heart and the rock that we are together, only together us ape strong. + +Edit: thanks for the love! + +💎 💓 +Hi everyone, + +Longtime lurker. I’m far from FIRE myself — we own a home in a HCOL area, we travel all the time, we’re planning to have a bunch of kids, and we love our jobs so aren’t focused on RE — but some of the guidelines and discussions are really helpful as we become more intentional about saving. + +I had a realization yesterday (after a party we hosted, naturally) that I wanted to share and maybe discuss with you all. We love our friends and love how much we get to hang out with them, but we’ve noticed that our restaurant and grocery budgets are anywhere from 150% to 200% (yes, double) what they otherwise would be if it were just us! Check it out: + +Groceries: + +We absolutely love hosting people. We do BBQs, dinners, beer nights, wine nights, you name it, plus 2 bigger parties per year. + +After reviewing our food expenses over the last few months, we’ve realized just how much hosting eats into our budget. Our grocery bills in recent months have been around 30% higher than they otherwise would be. Sure we do potlucks and our friends bring stuff, but just the initial “setup” costs are surprisingly high. The larger parties are up to $1000 each, even with everything from Costco (to be clear, this is just for those 2 big parties, but I know it’s still really high). We love being party people, but we’ve clearly gone overboard! + +Restaurants: + +Birthdays, engagements, promotions, happy hours...these things add up like crazy. My husband and I realized we actually don’t really “go out to eat” much at all. We meal prep most days and love to cook, so nights spent at restaurants are rare. ...Unless we’re with friends to celebrate something. More than 50% of our restaurant budget this summer was because of birthday drinks, celebratory dinners, book club get-togethers, and the like. The real issue here was that because we go out so rarely (and never to fancy/fine dining establishments), we had sort of convinced ourselves that our restaurant budget was no big deal. + +Visiting people: + +We live in New England, which means lots of fun roadtrip destinations. We’re regularly out of town 2x a month, and because we’re away from home we are usually getting food out. Of course, our friends and family like to show us around cool places (restaurants, breweries) in their area, so we spend there as well. Yikes! + + +I know this probably seems obvious to some of you, but realizing the *social* effects on our food budget alone has been really eye-opening. We’re working on ways to cut down on spending while still preserving our social commitments, but I’d love to hear from anyone else who has made a sneaky realization like this (AKA a budget item that was way larger than you thought because of an indirect or unexpected cause). Having grown up with parents who always had people around, I’ve really normalized the hostess mentality, and I think that is in some ways in direct opposition to an effective FIRE journey. Really working on finding middle ground! +My mom is 70 and lives in NC. She never had access to the bank account and she never learned how to pay bills. My dad made her quit her job 52 years ago when they got married, so she doesn’t have any retirement money of her own. Just before he passed, she was able to get some usernames and passwords to various things like the bank account, an email, the phone and internet services, etc. However, he had dementia, so all of the information is pretty scrambled and some passwords are incorrect. + +She is completely lost, so I am flying out tomorrow to try and help her sort things out. Currently, it’s my understanding that she has basically no money. He didn’t have life insurance, and the balance in the bank is low (I’m not sure exactly *how* low, but I’m pretty sure they were barely scraping by off his social security). She is just finding out about open credit accounts with debt. I’ve been told she does not have enough money coming in monthly to pay the mortgage. I will be getting all of the financial information when I get there (incoming/available funds vs expenses), so I will be able to more accurately describe the situation tomorrow or Monday. + +Since this is time sensitive and I can only get a week off work to help her, I am looking for any advice in advance regarding where to start so I can go at this in a focused, organized, and efficient manner. I have never dealt with this before and have a million questions. How can I find out where he may have any extra money stashed? Can I find out if he owned any stock? If he had a will and it states she is to inherit his belongings, how do I go about getting everything in her name and how long does it generally take? Is she now responsible for his credit card debt? Is there any government help she can get in this situation and if there is, who can I call to get that process started? + +EDIT1: I’ve obtained some information on the house and his debt. The house is owned jointly. It is my understanding that ~~50% of the house then goes to his estate, and the other 50% is my mom’s.~~ He had taken out a 2nd mortgage on the house. He owes 88k on the first, and 35k on the 2nd. I estimate the house to be worth about 200k. If the house is sold ~~and 100k of that is my mom’s and the other 100k is dad’s estate, then all 100k from his estate would go toward the 123k owed and she would be responsible for the 23k left on the mortgage? Then the 77k she has left after that is hers? Or, would they require her to pay 50% of the 123k owed on the mortgages since it is joint debt (61k) leaving her with 39k and 39k left in dad’s estate to pay off his other debts?~~ then she would be able to pay off the 123k debt and end up with around 70k (but also now need to find new living arrangements) + +Also, it’s my understanding that debt in his name only (like a credit account without her name on it) is not her responsibility and the creditors can take the money out of his estate before it is distributed to his kin. If there is nothing left to his estate, then the creditors are shit out of luck, and she is only responsible for paying any joint debt? + + +EDIT2: I’m heading to bed for now so I can wake up at 4am to fly, but I am so thankful for each and every word of advice. I will continue to read through everything on the plane tomorrow. You are all wonderful people, thank you again!! +Throwaway account for privacy purposes. Also I'm not sure if I'm allowed to name the bank? + +In June, my bank closed my current account containing my life savings. They had sent 3 or 4 letters previously warning of the closure of a so-called trust account but since, for security reasons, they did not include a recognisable account number, I had no idea they were referring to my current account, which I used every day, which was always referred to as my select account on all my statements and correspondence with the bank. They also said they'd lost the original documentation on the trust, so I should send it to them. I'm like, What trust? As I've slowly been remembering how I set up the account originally, there's a couple of complicating details which I'll add below if asked. + +In the two months since then every enquiry I've made about getting my money back has led nowhere, I've been told things that haven't happened, I've been through the trust acct dept, the reclaims dept, customer services and my local branch. From some of the phoneline responses I get the impression there's a bunch of people who have had their accounts closed because they didn't realise they were trust accounts. + +I just don't know what to do now, I feel like an invisble ghost who no one is listening to. My questions are: + +1/ Is anyone else struggling with this? + +2/ I'm going to put in a formal complaint through the bank's own system. I'm also at the 8 weeks mark for going to the Ombudsman. I'd appreciate any help in how to frame what has happened in correspondence, and any other suggestions of what to do next. + +I'm not a confrontational person and it's like I'm facing a blank wall, and every time someone connected with the bank says, Do this, and it will be solved, give it 5 -10 working days, at this point I feel it's just the run around and delaying tactics. +I submitted my request for retirement last month and am due to finish in the first week of November. I have a reasonable but not huge retirement pot, over 550k and am a year and a half from being able to draw state pension. + +Since my request all hell as broken out in the markets and my pot has reduced by nearly 8%. This has made me worry about whether I have done the right thing. I'm also wondering what I should do to minimise the impact. My thoughts are: + + +1. Definitely go for drawdown rather than annuity,, in the expectation that the markets will recover sometime. +2. Try to minimise spending early on, though I do have £45k that I need to pay from my tax free lump sum to pay off my mortgage and a car loan. + +Is there anything else that I should consider or do? +BITCOIN AT THE MOMENT +44000 unconfirmed transactions Source: https://blockchain.info/unconfirmed-transactions. + +236 Kwh pr transactions. https://digiconomist.net/bitcoin-energy-consumption. + +7.99 U.S. households can be powered for 1 day by the electricity consumed for a single transaction + +. + +Average transaction fee: 5.8 USD https://bitinfocharts.com/comparison/transactionfees-btc-eth.html + + +. + +vs + +. + +ETHEREUM AT THE MOMENT +56 pending transactions https://etherscan.io/txsPending. + +54 Kwh. pr transaction https://digiconomist.net/ethereum-energy-consumption. + +1.82 U.S. households can be powered powered for 1 day by the electricity consumed for a single transaction. + +. + +Average transaction fee 0.014 USD https://bitinfocharts.com/comparison/ethereum-transactionfees.html + + +. + + + +At last the ETH are currently handling over 500 k tx's almost 60 % more transactions than BTC. +https://i.imgur.com/J50Pfiz.png + + + + + + + +If this is true, they planned this almost to the day since we just got confirmation that GameStop sold all 5 million shares. they sold those shares in a HURRY as if something big was about to happen... + +And it just so happens to coincide with the much delayed NSCC 002. +Hey guys, + +Markets seem to be rising with great momentum, with both Nifty and Sensex reaching new heights by the day. + +Which got me to thinking, does it seem like a bubble with a looming recession? + +Just wanted your two cents +I look at NPS everytime and after doing simple maths and after looking at the annuities, it makes no sense. Thr major concerns is with the forced annuity purchase. + +My concern is this that if at some time in the future, tje government rescind the annuity mandate, then this becomes a eee option. But if i have not invested due to annuity option, i will miss out totally. + +Given the public discussions, it clear that even governing body is concerned with annuity returns and some kind of changes will surely be made. My company offer nps under employers subscription also, so i have the opportunity to go upto 2.5 lakhs in nps. Its just the annuity portion holding me back. + +What are your thoughts about future of nps and should one invest betting that the policies will change? + +Regards, +Artemis +Ben Felix put a new video where he presents his optimized ETF portfolio by using the five-factor risk model. I summarized in this table the etfs from his paper, however his portfolio is for canadians, perhaps we can adjust his approach for USA or Europe. + +|Fund|Ticker|Factor Tilted|Benchmark| +|:-|:-|:-|:-| +|iShares Core S&P/TSX Capped Composite ETF|XIC|30%|30%| +|Vanguard US Total Market ETF|VUN|30%|40%| +|Avantis US Small Cap Value ETF|AVUV|10%|0| +|iShares Core MSCI EAFE IMI Index ETF|XEF|16%|22%| +|Avantis Internation Small Capt Value ETF|AVDV|6%|0%| +|IShares Core MSCI Emerging Markets IMI Index ETF|XEC|8%|8%| +||||| +|beginning from:|7/1/2000|to|30/6/2020| +|1-year return||\-0.66%|2.48%| +|3-year return||4.65%|6.29%| +|5-year return||6.07%|7.13%| +|10-year return||10.14%|10.55%| +|20-year return||5.78%|4.96%| +||||| + +The simulated average return of this portfolio over the last 20 years is 5.78%. In comparison S&P 500 returned 5.9% on average per year. + +Links to the [video](https://www.youtube.com/watch?v=jKWbW7Wgm0w) and [paper](https://www.pwlcapital.com/wp-content/uploads/2020/12/Five-Factor-Investing-with-ETFs.pdf). + +Edit: I added the disclaimer that this portfolio is for Canadians (Ben Felix and his company is from Canada). I extended table with the factor tilted row, initial post didn't had it. Disclaimer that the returns begin from 2000 to 2020 +It seems like cnbc keeps giving these clowns airtime to constantly say that a bear market is nearly upon us. This has been happening for years . How do these guys who are constantly wrong , make money for their company. Are they involved in" pumping and dumping". ? +Okay, it's become apparent that the vast majority of you don't know what a repo is. That's fine, you can largely live your life and invest successfully without this knowledge. But it is the topic du jour so let's see if I can't offer the most simplistic of explanations here to help provide some context of today's events. + +Lets say you have 10 brothers and sisters. You're all young adults and have been quite successful in life. Your father is pretty conservative and asks that you keep your savings primarily in treasuries so you do. + +Right now you have 1MM in 10yr treasuries saved up but you don't have a lot of cash on hand. The cable bill is due today and you get paid tomorrow. Wat do? You can of course liquidate some of your million worth of bonds but that's silly right? Your brother has 500k of cash sitting in his weed box. So you waltz over to his room and ask for $100 to cover the cable and promise to pay him back tomorrow. He thinks you're a bit of an asshole so he says no because he doesn't trust you. So you offer him this: you sell him $100 worth of your treasury bonds and he tells you he'll sell it back to you tomorrow for $100.01. Congrats you've funded your need for cash today while preserving your balance sheet. That's a repurchase agreement or repo. + +So now you and your siblings have a thriving market of trading these overnight promises back and forth all while your dad is slowly selling more bonds to you and taking your cash. Eventually you run in to a problem where there just ain't enough cash right? Your brother the dick decides to still offer the same agreement but tomorrow instead of you buying your $100 worth of bonds for $100.01 he tells you he needs $105. That's a huge difference but given how little cash everyone has you might need to pay it. Enter your mom, she keeps the family in order but doesn't normally like to step in to the finances. She tells you she'll start buying your bonds and selling them back tomorrow at the aforementioned $100.01. That's what the Fed has been doing lately. + +Takeaway: nobody here is bankrupt or insolvent. You've all got millions of dollars worth of bonds but you need cash to fund short term obligations and there just isn't much going around. + +Obviously the real world is significantly more complex but this should serve as a very basic framework of understanding for what repos are and what some of the news you've been reading means. + +E: I want to be clear: this is nothing short of the most dumbed down explanation possible. If you're looking to further explore this topic it's best to abandon the analogies and dive right in. I generally don't love analogies in thus world because at some point someone's trying to argue if the FDIC is your uncle roofus who vouches for you or your dads side chick that slips you money to not fuck up. That doesn't help anyone. So once you get a grasp on the basic framework you should either decide if that's good enough for you or expect a much steeper learning curve from there. +To make a long story short - I have had a remote job for 2 years. I bought a house in another state. Cleared with my boss ~ 9 weeks ago. Closed about 3 weeks ago. HR “found out” about a week ago. I was told by my boss they wanted to chat with me - not to worry. Had the chat today and I was let go. My boss didn’t know before 30 minutes before the meeting and yeah they made him be the one to tell me. + +Now it doesn’t matter if it was right or wrong or whatever. It’s an at will state and I was terminated. I do not have a claim for wrongful termination. + +But I just spent lots of money on closing costs (my savings) plus a last minute IRS debt cost me several thousand in order to close. I also threw out all of my furniture because most of it was too cheap or old to be worth transporting. Still cost me ~$2000 for the uhaul box I got. + +Basically, I’m broke. I’m fucked. Way more fucked than I would’ve been 9 weeks ago - for the record - but again, what’s done is done. + +I don’t have any subscription services to cancel. My car insurance just went down due to the move. I have filed for unemployment. I will (should at least) qualify for the max in my state but that’s about $2300/month before taxes. + +Sorry some of this is a vent but just looking for any advice I may have missed. +Has it really only been 3 weeks? Jesus. + +I first became aware of ETH last summer when I noticed it had been added to Coinbase. Huh, I thought. What the hell is a smart contract? By November I started reading a lot more about Ethereum and was rapidly becoming a believer. However, I had no money. I start talking about it to my friends, saying how it’s going to be a big fucking deal. But I have no money. + +Late in February I’m sitting at the table eating breakfast and reading the NY Times and I see this headline "Business Giants to Announce Creation of a Computing System Based on Ethereum”. "FUUUUCK" I yell alone in my quiet little house. + +A few days later I tell my wife. "We're going to miss this. This fucking amazing thing is about to happen and we won't be part of it." Her reaction: I believe in you, sometimes you have to take chances, dump the whole life insurance policy. + +By the time the money from my whole life policy ready to go it's March 10th, the morning of the ETF decision. I'm frantically trying to get my money in, struggling with account limits and bang- the gun goes off. The next few days is a frenzy, I start giving piles of cash friends so they can buy for me, my limits are all maxed. By the time I got all my money in I had bought at 18, 23, 32, and 40. I'd have twice as much is I'd started a week earlier but I'm just happy to be in and hodling for the long haul. + +This community at /r/EthTrader is a big reason I was able to make the dive. You veteran hodlers have created a great environment here. What excites me most (more than even potential gains) is being part of something huge that stands a chance of returning the promise of the internet to the people. I saw that in this community and if I hand't, I probably would have moved on. + +Thank you. +Hi all,It's been 6 months we are using ML in our algos and we have tried a lot of different approaches in our systems, like: + +1. training only once with X years of data => supposed to know every situation +2. training daily with a few weeks of data => supposed to adapt quickly +3. training with a few weeks of data and retrain only after a failed trained => supposed to keep the winner, change the looser + +In our case, the last seems to be the better. + +Do you have any interesting experiences to share about that? + +Thanks +I usually only post GME related items but there's been a lot of misinformation/FUD on the unrealized gains tax in the comments sections lately. The Unrealized gains tax is not for you, it's for less than 1,000 billionaires only. + + https://www.google.com/amp/s/www.wsj.com/amp/articles/tax-on-billionaires-unrealized-gains-will-likely-be-in-budget-package-democrats-say-11635096384 + + +"The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years" + +Why would they do this you might ask? Well BadassTrader has this AWESOME DD series called Billionaire Boys Club. I'd suggest reading all of them. In the one linked below you can see that a lot of billionaires avoid taxes by buying shares, NEVER SELLING, taking out loans and then dying. + +How do they spend money then? They buy their stocks (and never sell), they borrow money from banks (no tax on a loan given to you) using their stock as collateral without selling them, and then they die. + + +https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/ + + +If you see anyone spreading misinformation/FUD on this please link BadassTrader's post to them. My fear is that shills could potentially spread misinformation to people making them want to sell before end of the year to avoid big tax bills +Have you all noticed how high the fucking morale is during the weekends? + +It literally shows how many paid shills are online during market hours. It is freaking incredible how much better this sub is during the weekend. I'm just scrolling and everything is positive. No one is tired, everyone knows what is coming. Everyone is jacked to the tits not because of dates but because we all know the DD is right. + +Fuck Kenny. Fuck Gabriel. Fuck Steven. Y'all can suck my dick when your interns show you this on Monday morning when you get to the office. + +And you - Love y'all. Diamond Hands. Investors are winning. Shorts are getting their assholes penetrated without lube. These fucking shills just prove it. I'm not selling shit. All I do is BUY GME and Buy at Gamestop. Thanks for board games and security cameras Ryan. + +&#x200B; + +Fuck I'm jacked to the tits again. +Where is Mr. “retail needs a cop on the beat”?? + +Has he commented or discussed the FTX situation yet? Has he even made an appearance in the past two months? + +Seems so corrupt… is he under arrest or a NDA for his compliance with FTX scheme? + +What is even happening? I feel like we are just spectators to a weird Asian game show where we buy a stonk and make the people in the centre stage fight over the selection and we end up getting a cannon of money shot towards us. What is real life? Where is Gary Gensler? Where is Mrs. Monaco? DOJ? Anybody with a brain cell and common sense? + +Somebody said that white collar crimes in the financial sector specifically, would start to come with prison time. WE ARE ALL WAITING….. +https://energysavingtrust.org.uk/grants-and-loans/electric-vehicle-loan/ + +- New EV - up to £28k loan +- Second hand EV - up to £20k loan +- New Electric motorcycle - up to £10k loan +- Second hand Electric motorcycle - up to £6k loan + +I first learned about Bitcoin in 2012, but started buying towards the end of the 2017 bullrun. My father was a coin collector since he was a kid, and even though he was now in his 70s and physically not well, he was still very intrigued by crypto and virtual coins. + +My Dad was a technology enthusiast his whole life. He worked in healthcare but tech was his passion. I can remember he bought a 1.0 Megapixel Olympus Digital Camera when it first came out, and the first CD-R on the market (I think it was a 2x Plextor). The first Betamax and VHS players, and was always building his own computers. He was never great with money, we always seemed to be in debt, but he loved his tech and we had fun! + +Anyway, I made a couple small BTC purchases through a centralized exchange and told my Dad about it in early December 2017. He was excited! My Dad texted me that evening with an article, saying that I should probably purchase a hardware wallet. That was my last communication with him. + +I planned to go see him the next morning for lunch which was our usual Saturday activity. I got a call that morning at about 4:30 AM from the local police dept that my Dad was found unresponsive in his car and had been transported to the local hospital. He usually left at 4 AM to drive himself in for kidney dialysis 3 days a week. + +I jumped in my car and sped to the hospital; on the way there, I called and asked to speak to someone in the ER. I identified myself, and asked about the condition of my father. They said they couldn’t tell me any info on the phone because of HIPAA. I said “fine, let me speak to him.” Silence on the other end. And at that point driving towards the hospital, I knew he was already gone and it broke me. When I walked in, they tried to sit me down and I said “I already know, just let me see him.” I was devastated. I took a deep dive into crypto the following weeks to learn as much as I could, and it was a good distraction looking back. + +The point of my story: my Dad left me a small monthly annuity when he passed, not a lot, but something. I never really got the chance to sit down with him and discuss crypto in depth. It’s something I daydream about often. I wouldn’t have been able to discuss it with anyone else in real life except him, still can’t, so here I am on Reddit. I decided to DCA the exact amount of the annuity every month into crypto from January 2018 onward. I tell myself that it’s like I’m investing in crypto with my Dad, and that gives me some comfort. DCA works quite well by the way it you’re patient! Give it time! It works! + +BTW, Don’t count out all the boomers out there folks, there’s a good chunk of them that do/would love this tech and see how amazing it is given the right conditions and guidance. Let’s be inclusive. +AMD has ultra strong fundamentals for $120 (currently in the 80s), their main competitor has been proven to be falsifying benchmarks, and not a single gamer/modder is using an Intel chip right now. NVidia are moving into new markets, but come on...... I don't understand the loss. I only play long (except for small amounts in fun stocks), so I'm not gonna realise a loss, but the volatility suggests the investors don't understand the industry AMD is working in. + +Edit - Seems like my post isn't quite long enough for the Auto-mod, so let me elaborate. I am a C level exec in a multinational company that operates a significant proportion of their business in the eSports/gaming industry, former ACSI financial advisor, and not a diamond hand gorilla (not gonna lie, I've got 2 shares of GME at about $70 and about 36 AMC at about $10 average, but that's just to follow the madness). I understand the industry, and don't understand the falling price! Any ideas? + +Edit - changed "market AMD is working in" to "industry AMD is working in", as it may have caused some confusion. +It still doesn’t feel real. I’ll break $40,000/year for the first time in my life. Shorter commute, M-F schedule for the first time in 4 years, and I’m out at 4:30 every day. The interviewer said that most people either didn’t show up or were vastly under qualified. Now is the time to put yourself out there. + +I was doing okay and chipping away at debt before inflation kicked in. I’d been grinding in my job because I wanted to get promoted for a raise and to have a schedule that isn’t so difficult with kids. A click and an hour long discussion and I’m where I planned on being in a year. +I figured I would share my story, as I have been a long time lurker but have made some progress in regards to my financial situation. About a year and a half a go my girlfriend and I moved across the country for better jobs. She had at the time $55,000 in student debt,and a car loan making $20/hr. I was making $15/hr with around $3000 in CC debt and my car paid off worth about $3000. We were living pay cheque to pay cheque for sure, not saving anything, worried to turn the heat on. + +She got a job offer $30/hr, full benefits, and unionized. After we talked it over we decided to go for it. I did not have a job lined up and ended up working in a restaurant making $13/hr for too long. We moved out in fall and my initial plan for work fell through. As time went on with moving expenses and not making enough money I ended up with $15000 in debt. I had to get a new car, got a loan for $3500 from the bank and got my trucking licence which set me back another $2600. + +I ended up getting a good job making $26/hr working for an environmental service company. Anyways I feel like I am rambling on here. Over the first 6 months of that job I paid off all of my CC debt around $10000 and helped my GF finish off one of her bank loans by giving her $5000. I know have $3800 in my checking account and $1050 in my TFSA. I still have my car loan from the bank sitting at $3200 and have only paid $156 in interest over the first 6 months. I figured I would just keep paying my monthly payments $75 and give myself some time to save up my emergency fund. + +I guess I have some questions slash am looking for advice if anyone see's this as I have never been in a situation where I can actually save money. My plan is to Set up my emergency fund in my checking account for know. I will be eligible for my companies RRSP plan come july, and they match %50 up to %3. So I plan on maxing out their match contribution. Anything else I plan on putting in my TFSA. + +Ya this has been on my chest for awhile and I just feel pretty happy with myself for clearing off $15000 in 6 months. If anyone does see this, I did some calculations and will make $60000 after taxes with overtime this year. I made $33000 after taxes in the first 6 months with the company. My monthly expenses total up to right around $1500. + +Edit 1: I had some beers last night and failed to mention some important information. 2 months prior to getting my current job I made 10k helping a farmer seed. I lost a lot to taxes as I made 7k in one month. I was then out of work for another month before I found current job. + +Edit 2: I would just like to thank everyone for their advice I have learnt a lot from this community. + + +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! +Does anyone else have a hard time with mental processes around big market moves? When the market was rising fast, it's hard not to think, "I made more in the market today than I earned all month, what's the point of working?" When the market is dropping like this week, it's hard not to think, "I lost more in the market today than I earned all year, what's the point of working?" + +Maybe I just don't like work? Is it best to just not compare market moves to paychecks since our brains don't easily process this? +Guten Tag to this global band of Apes! 👋🦍 + +Yesterday was further proof that the current price of GME is wrong, and that the SHFs continue to have the means to manipulate the price to satisfy their margin requirements. With no news or justification, GME's chart followed the steep decline of the electric car company. It seems clear that the SHFs are long on the latter, and as it tanked they weren't able to rely on that position to balance their margin requirements, and thus needed to drive GME down. + +The Apes weren't shaken. We didn't slow our DRS rate, or lose any faith in our investment. Our diamantenhände have been HODLing for nearly a year, during which we've endured far worse. We are ready to see this through. + +Today is Wednesday, November 10th, 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: **$207.43 / 179,18 €** *(volume: 880)* +- 🟩 115 minutes in: $206.92 / 178,74 € *(volume: 880)* +- 🟥 110 minutes in: $206.85 / 178,68 € *(volume: 852)* +- ⬜ 105 minutes in: $206.90 / 178,71 € *(volume: 845)* +- 🟥 100 minutes in: $206.90 / 178,71 € *(volume: 843)* +- 🟩 95 minutes in: $208.60 / 180,19 € *(volume: 833)* +- 🟥 90 minutes in: $208.44 / 180,05 € *(volume: 753)* +- 🟩 85 minutes in: $208.60 / 180,19 € *(volume: 723)* +- 🟩 80 minutes in: $208.59 / 180,18 € *(volume: 720)* +- 🟥 75 minutes in: $208.57 / 180,16 € *(volume: 716)* +- 🟩 70 minutes in: $209.66 / 181,10 € *(volume: 613)* +- 🟩 65 minutes in: $207.33 / 179,09 € *(volume: 551)* +- ⬜ 60 minutes in: $206.69 / 178,54 € *(volume: 477)* +- 🟥 55 minutes in: $206.69 / 178,54 € *(volume: 468)* +- 🟩 50 minutes in: $206.85 / 178,68 € *(volume: 465)* +- 🟥 45 minutes in: $206.69 / 178,54 € *(volume: 459)* +- ⬜ 40 minutes in: $206.75 / 178,59 € *(volume: 433)* +- 🟩 35 minutes in: $206.75 / 178,59 € *(volume: 422)* +- 🟥 30 minutes in: $206.63 / 178,49 € *(volume: 403)* +- 🟩 25 minutes in: $206.69 / 178,54 € *(volume: 395)* +- 🟩 20 minutes in: $206.68 / 178,52 € *(volume: 364)* +- 🟩 15 minutes in: $206.53 / 178,40 € *(volume: 360)* +- 🟩 10 minutes in: $206.42 / 178,30 € *(volume: 267)* +- 🟩 5 minutes in: $206.10 / 178,02 € *(volume: 226)* +- 🟥 0 minutes in: $206.09 / 178,01 € *(volume: 58)* +- 🟥 US close price: $206.60 / 178,46 € *($206.60 / 178,46 € 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 1.1577. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I have stock market data going back to 1825. That is 197 years of data to analyze. During this period, there have been 54 years where the total return was negative. Of those 54 years, 25 were correction years, and seven were bear markets. The question here is, what happens the next year? This is what the data tells us. + +* 13 times in history we had a negative year, and the following year also saw losses. +* The average loss during a down year is -11.9% +* The average return following a down year is 9.2% +* The last time we had back-to-back negative years was during 2000-2002. Before that, it was during 1973-1974. +* The largest return after a down year was 53% in 1954. +* The worst return after a negative year was in -44% in 1931. +* The worst period for losses was 1929-1932. + +My tepid prediction is that 2023 will see positive returns, but less than the historical 10%. Just spitballing. +Edit: gona have another crack at this… + +IMO it’s not about taking shares from the hands of MM’s and SHF’s to stop them shorting as such, as I think they would continue to due so (if the could) from institutions even if we lock the available float. + +I think it’s about traceability, at the moment nobody can say for sure how many shares are out there. if you can prove where all the shares are i.e account for 76.5 million shares then all other shares are synthetic and the game is up. As per below 34 million shares directly registered will do this. + +If we account for 74.1% of outstanding shares that would leave only 13.82 million shares Directly registered, that number has probably already been hit. + +And just for clarification on the “Unpopular opinion” that was in relation to Drs not being able dry up shortable liquidity short term, not that Drs 100% of available float is unpopular opinion + +************************************** + +Edit: Having had some nice chats below I think its obvious the Shares short number, the available/disclosed one (I know its a bonkers number) should be taken from the available float. Its all about what can be proven. Obviously things will happen when we get close to that number (perhaps 74.1% of it) but thats the game over situation. I haven't seen anything to prove that DRS is giving MM's and SHF's liquidity issues currently or at least enough liquidity issue to stop them hammering the price down. + +Example (may not be spot on but you get the idea) + +76.50 Shares outstanding (not shares circulating) +62.37 Float (insiders removed) +40.63 Available float (institutions removed) +34.21 Shares short removed (current reported number) + +100% DRS is just 34.21 million + + + +*Firstly I seek clarification here from wrinkly apes and I’m totally open to discussing this* + +So my thinking is that if there is 100-400 million shares out there then locking 10 to 20 million shares will not effect the SHF and MM ability to get their hands on shares to borrow. I know a huge portion are synthetic but the rules around borrowing are so lax, does this even matter? + +If the short interest was 130% in Jan we know they didn’t cover and we’ve been buying like crazy since with new apes joining everyday it is my personal belief that it has to be at least double that now (for me that’s the bare minimum). This means that there is plenty of shares out there for SHF an MM to continue their magic tricks until we lock the entire available float and GS get to pull the plug on them. + +Maybe I’m completely off the mark here an open to correction, will also delete post if I’m wrong. + +Edit:47% downvote.. If you disagree then comment and explain why +***************************************************************** +I see this comment dozens of times a day. + +"Coinbase is a lot more expensive than Gemini, so glad I switched!" + +This is completely true, but anyone who has a Coinbase account also has a GDAX account. When you buy on Coinbase it's literally just placing a market order on GDAX. So, to avoid fees, just use GDAX instead. + +Coinbase does have some advantages over GDAX, and this is where the fees come in. + +1) Lock in the price without needing to have any money on the exchange. + +2) Buy with a credit/debit card. + +Otherwise, the fees are basically the same between GDAX and Gemini. + +If you think Gemini is run better and you want to support them instead, that's fine. But stop telling people they need to switch from Coinbase, simply tell them to use GDAX instead. +A reminder that everyone's new at some point but not everyone's going to let that stop them from thinking they know everything. Be careful what you read on the internet, trust your own confirmation bias. + +Here are some screenshots of posts/comments from WSBs with some censoring to make them more thetagang friendly. As far as I could tell these people were actually serious, if they weren't they did a good job hiding it. + +[ Usability features include inability to buy certain shares and exceptional uptime around this time last year](https://preview.redd.it/5aprw6ptn3k61.png?width=684&format=png&auto=webp&s=2ff91b60bae728ba9e3f21e87bf965984fa3650b) + +&#x200B; + +[WSBs has both \\"Discussion\\" and \\"DD\\" flair, not sure what this OP thinks \\"DD\\" stands for](https://preview.redd.it/0fmpk85yn3k61.png?width=655&format=png&auto=webp&s=aec3ed2acc423b56c99348ad39fe6ba9cd3391e8) + +&#x200B; + +[You don't start making real money till you realize that you can just google a ticker and hit \\"I'm feeling lucky\\" to get its fundamental value](https://preview.redd.it/5s2emxnco3k61.png?width=652&format=png&auto=webp&s=a31591530c6129cdcc34c887f0b8ca3a24011f22) + +&#x200B; + +[This is the only one that I think might not have been serious but I think what most likely happened is they were serious in the beginning then realized what they were saying didn't make sense and tried to play it off as a joke or just got frustrated with people telling them they don't know what they're talking about.](https://preview.redd.it/0sud2kmoo3k61.png?width=726&format=png&auto=webp&s=d7a33b5824eafd3ba845000b60742678d25385a5) + +I originally tried to post something similar to WSBs but it was deleted and I haven't been able to get in contact with the mods to figure out why so I figured I'd post it here and hopefully some of you will get something out of it. +&#x200B; + +Hello boys and girls + +There's been lots of discussion lately about the ideal time to expiration when selling puts. Let's compare the two common schools of thought on the subject: selling weekly (about 7 DTE) vs selling monthly (30 - 45 DTE) + +https://preview.redd.it/h3cbm3fx0r261.png?width=1003&format=png&auto=webp&s=ecfbd631e84ff0f13c88367910eaa6776d8f3403 + +Some of the main differences: + + + +3.8x Max RoC (Margin) (1.9x @ 50%) + +3.3x Max RoC (Cash Secured) (1.7x @ 50%) + +$13 Farther Breakeven + +0.75x ToC (Margin) + +0.6x ToC (Cash Secured) + +2.2x Volatility Exposure + +0.25x Gamma Exposure + +3x Max Expected Loss + +&#x200B; + +Max Expected Loss - Assuming your winrate reflects PoP and all trades go to max profit (or 50% for early management), your average loss must be less than your Max Expected Loss. MEL can be calculated by taking Profit x Winrate / (1 - Winrate) + +*\*It should be noted that MEL will overestimate the performance of strategies not managed at 50%. This is due to the fact that PoP estimates the probability of making $0.01 or more, but the equation assumes that PoP estimates probability of max profit* + +&#x200B; + +Now let's talk about a couple common misconceptions when it comes to selling puts/wheeling + +&#x200B; + +*It's not a true wheel if you close/roll early* + +This is absolutely not true. Taking profits early has shown to improve winrate and expected value considerably. While being willing to take assignment is essential to the wheel, it is by no means necessary to actually take assignment *ever*. In some situations, being assigned and selling a call is the best available option, but we'd rather just make money + +&#x200B; + +*I want to be assigned stock* + +Unless the stock closes just below your strike price, assignment will pretty much always result in a loss. Short puts are a *bullish* trade. You want the stock to go *up*. The fact that you can take assignment doesn't change this + +&#x200B; + +*I didn't lose money, I just have long stock now* + +Unless the difference between the stock price and your strike price was less than the premium you collected, assignment will result in a loss. Being able to baghold infinitely doesn't change this, your net liq will still be lower. The chance to make your money back from the stock recovering is theoretically just as likely as the stock continuing to drop + +&#x200B; + +*Gamma doesn't matter if I hold to expiration* + +This is almost true, but only if you literally don't manage your positions at all. Even if you close your winners at 95% of max profit, Gamma matters. So maybe*,* if you manage nothing at all and just hold everything to profit, selling weekly *might* outperform monthly. But even then, it's not certain, and would come at the cost of significantly more volatility of returns (which is something many of us are actively trying to reduce) + +For option sellers, Gamma describes the *deceleration* of profits and *acceleration* of loss. Here's a visualization of that: + +&#x200B; + +https://preview.redd.it/gkyvzbfa8r261.png?width=1668&format=png&auto=webp&s=a212a420c9ff1f56fed93fed08d6c6971d37a042 + +&#x200B; + +https://preview.redd.it/uiw7pfab8r261.png?width=1668&format=png&auto=webp&s=425a3b453ac4a0c3d5309d0c33781be3ad73c742 + +And the numbers: + +**P/L Tomorrow @** + +&#x200B; + +|SPY|7 DTE|45 DTE| +|:-|:-|:-| +|340|\-$1.84k|\-$1.13k| +|345|\-$1.36k|\-$830| +|350|\-$900|\-$575| +|355|\-$520|\-$350| +|360|\-$225|\-$165| +|365|\-$30|\-$10| +|370|$80|$120| +|375|$130|$220| +|380|$150|$300| +|385|$160|$360| +|390|$160|$400| +|395|$160|$440| +|400|$160|$465| +|405|$160|$480| +|410|$160|$495| +|415|$160|$500| +|420|$160|$520| + +&#x200B; + +To me, the conclusion here is obvious, but I'll let you draw your own. Was gonna flesh this out a little more but I'm tired +[https://www.moneycontrol.com/news/opinion/secrets-about-mutual-fund-investing-which-experts-do-not-tell-you-6865901.html](https://www.moneycontrol.com/news/opinion/secrets-about-mutual-fund-investing-which-experts-do-not-tell-you-6865901.html) + +&#x200B; + +Some key points I thought are relevant (emphasis mine) + +>An interesting observation while analysing 10-year G-Secs since 2000 is that they broadly move in the 6-9 percent band. Whenever the yield crosses 8.5-9 percent it starts falling subsequently and as soon it touches/falls below 6.5 percent, it starts to go up. + +&#x200B; + +>The key takeaway from the above table is that **one has to sell equity whenever 10-year yields touch 8.5 percent or more (and correspondingly buy into debt funds) and buy equity whenever 10-year yields fall below 6.5 percent** (and correspondingly sell debt funds). + +&#x200B; + +>It is important to switch because there have been time periods in the past where these two asset classes have not delivered returns more than inflation. +> +>The above table also **demystifies the clichéd statement ‘stay invested for a long term and returns will be maximised’.** Hence, to beat inflation as well as maximise returns, using 10 year G-Sec yield as an indicator, one could identify when to switch between equity and debt. +I have started investing in mutual funds for last 3 months. Last week I found this scheme ‘Quant Active Growth Direct Plan’. It’s a multi cap fund. It has performed consistently for last 5 years and has remained top 5 fund in its category in each calendar year for last 5 years. It’s rated 5 star in value research online. But it’s not rated by CRISIL.And it’s AUM is only 133 crore which is far less than category leaders. + +I am trying to learn why a fund remains less popular despite good performance overall? +While it violates the typical creed of the FI movement, and most of my personal mantra for the last 25 years, I did some selling today (to bring my total allocation to 50/50). I thought about it all weekend, and moved forward this morning. + +Background. Mid-forties, sole breadwinner of the family. Highly paid job, but also incredibly volatile. I'd say a layoff later this year is quickly becoming nearly certain. + +I've been saving hard for 20+ years, and have seen both the 2000-2001 "dot com" crash as well as the 2008 financial crisis. In both of those instances, I kept buying, and in the end was better off for it. + +Now, I'm incredibly close to FI. In fact, before this downturn I was 1-2 months away from complete FI. I wasn't 100% ready to quit my job, but my thinking was that I would stay for a while, and at some point phase out of that job and move to something less strenuous like part time consulting. + +I was already 65% equities / 35% bonds. That provided some stability in my portfolio, but with stocks falling like they are, even that didn't provide much protection. + +Over the weekend I decided a few things: + +1. This **may** get much worse. A million dead and months of economic shutdowns will cripple our economy. I don't know if that will happen, but it is not unlikely. +2. A loss hurts me more than a gain helps me. Once I'm at FI (where I basically was) a 500k gain provides extra padding, but doesn't really change things. A 500k loss changes the plan completely and takes years to recover. + +With my current 20% loss, I can recover and still be FI in another few years. + +If I lose 50%, it would take me 5-10 years to recover. + +My thinking is that I'm willing to pay the price of missing a potential quick recovery in order to preserve what I have and avoid any possibility of having to work another 10 years. + +&#x200B; + +Thoughts? +These funds are created by marketing teams. While it sounds good on paper, most thematic ETFs underperform the broad market and their main goal is to justify higher costs. + +We had many great examples against such products in the past. However, everytime a specific sector outperforms, I see many people allocating a significant portion of their portfolio. + +In 2020 we had ICLN (Clean Energy), which dropped by almost 50% since it’s peak last year and has never come close to it‘s starting price in 2008. Disruptive Technology was also considered a safe bet for outperforming the market and many people posted portfolios with ARKK, down more than 50%. I also remember similar trends with 3D printing and Cannabis and I’m sure there are many more good examples in the past. + +The new big thing is semiconductors. Everybody needs some SOXX since we will always need more computer chips in the digital age we live in. What people miss though is that the semiconductor industry is cyclical in nature and it has crashed multiple times before. + +SOXX is down 15% YTD which is only slightly more than the Nasdaq-100 to be fair. However, multiple companies in this sector have just released their quarterly numbers and the projections for the upcoming year are underwhelming. On top of that, the amount of investments to increase supply are staggering with intel spending 20 billion on a new factory and TSMC also building up supply significantly. + +I can’t tell if SOXX will really underperform going forward but I want to warn people who think it’s a safe bet. + +TLDR: Thematic ETFs are made by marketing to sell higher fees and that’s about it. All you really need is a broad indexfund to cover stocks for your portfolio. + +Edit: Sombody pointed out that the dates are chosen arbitrarily to undermine my point which is true. In [this](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3765063) paper from 2021, it was estimated that specialized ETFs underperform the market on a risk-adjusted basis and after fees by 3,1% per year. The title ”Competition for Attention in the ETF Space“ undermines my point that these product are probably created based on marketing. +I received two letters from the New York State Department of Labor confirming that I had begun filing for unemployment insurance. I am still employed. + +I already have security freezes on the three credit bureaus, and I left a message and sent a letter to the DoL fraud department. I literally cannot reach any human because the fraudsters created a PIN, and without that PIN, one cannot speak with a human. (The DoL website notes that I can change my PIN only by talking with a human, but one cannot talk with a human without a PIN. Great.) + +Local police will not file a report without confirmation of fraud from the DoL. See above. + +Anything else I should/could be doing? +1. Waters states that SBF was in support of regulations. + +2. Waters is nodding her head in agreement as a reporter is showing proof that SBF lied about being in support of regulations. That what he said was just PR. When asked what her take was on this, she claimed that she was unaware of SBF’s Statement. + +3. Waters Response “We are sometimes told things that are not true and when we have an opportunity to deal with it we do. When we can reveal lies that have been told we go at it and expose it and make sure that it is looked at in ways that COULD cause indictments”. Mad Maxine “We are sometimes told things that are not true and when we have an opportunity to deal with it we do. When we can reveal lies that have been told we go at it and expose it and make sure that it is looked at in ways that COULD cause indictments”. + +#KenGriffenLiedUnderOath +Hi guys - unfortunately I have not really seen a big difference since seeing my chiropractor. I am finding it hard to tell if I really need these expensive sessions or not and I do feel all he cares about is my money. + +Yesterday he pressured me into paying for a 12 session package deal, saying that I need this for maintenance and that he is going to raise his prices from tomorrow if I don’t pay on the spot. Whenever it comes to payment plans, I find he always wants me to pay on the spot and pressures me to do it. + +I have major regret and feel like he definitely used a sale tactic on me yesterday. I feel taken advantage of and unsure if he is helping me or cares about my actual state of being. This is something I know I need to personally work on - being assertive and taking my time when making these commitments. + +My question is - can I ask for a refund? I have not used any of the sessions yet & did not sign a contract. This 12 session pack costed me $750 aud. + +EDIT - I’ve got my money back guys. I sent him a message saying there is no way around the fact I want my money back until I know his services are actually helping me. He called me and said he will process the payment. This whole process made me extremely anxious but now I know I did not need to be. Thank you so much to everyone who gave me the push I needed to just ask! +I’m from Sydney so I’m talking North Shore, Northern Beaches, Eastern Suburbs etc. Most houses are 2.5m+. Did you get in the market 10 years ago and see big gains? Did you start on a huge salary? Did you get a leg up from your parents? I’ve been wondering. +I have recently started to learn about trading (udemy, babypips etc.) and I am very interested to learn more about the topic and of course how to make money from it. + +I don't expect to get rich from it, I dont expect to only make profit and never lose. + +BUT is it a realistic "dream" or rather goal, to live solely from forex trading? + +Again I want to emphasize that I don't expect to be the forex king within weeks or months or maybe even years. + +Edit : + +Thanks to all that commented and still going to comment. + +You all gave me great insights on how you think about the topic and it made me really look forward on how far I can reach! + +I am still on the very beginning, so I don't know how far I can come, but I will definitely try my best! +https://www.marketwatch.com/story/italian-trader-loses-his-entire-life-savings-on-one-insanely-risky-position-2020-06-03 + +This year’s been a real grind for Luckin Coffee LK, investors. +At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance. + +So when the stock, which was already down 89% for the year, had its trading halted back in April amid an investigation into financial misconduct, the losses were felt far and wide. + + + +But one retail investor with a PG-13 Reddit name took a particularly grievous hit. + +Yes, StopFapForever, who claims to be a 28-year-old Italian, shared his brutal market mistake with the bunch on WallStreetBets. He apparently he went all-in on Luckin and lost his entire life savings in the process. “Now I’m broke af,” he wrote, posting this screenshot of the carnage: +I've been watching multiple documentaries about the DotCom bubble, and reading some articles. + +I was struck by many similarities, but also a significant difference. + +In the .com bubble, any idea received millions in funding, given that it had a remote connection to the internet, and ".com" in its name. +In the .coin bubble, "Coin" projects receive millions in funding, based on whitepapers and flashy websites. + +But here's the difference: In the former, funding was *centralized*. Money poured in from a relatively small number of VC funds. In the latter, funding is *decentralized*. Money comes largely from the public, ie. a large number of small contributors. + +Fundamentally, Joe with his $20K life-savings has the same level of greed as Rich, a fund manager with $500m to invest. But Rich is much less incentivized to do due diligence, since it's not his *own* money. At the same time, he invests much larger sums, thus inflating the bubble much faster. + +We can infer from this that the .coin bubble is, at least at this stage, much less "bubbly", and more connected to reality than the .com one. This is evident in many other levels, like the absent of launch parties which prevailed the .com days, etc. + +We might indeed see crashes, but they'll be much less dramatic than the .com one, and recover faster. + +Almost every post on this sub from people in their teens or their early twenties have two very different types of comments. One side saying they wish they started that early. Another saying that its dumb for them to chase dividends and should go for growth. Which is the best for a young investor? +Hey folks, for fun, I decided to compare and contrast retiring with $1,000,000.00 and withdrawing 10,000 per month in QYLD and SPY beginning in 2018. I used Yahoo Finance and took the lowest stock price of the last week for each month. (I will explain what i did or you can skip to the bottom where I state my 2 main things i learned) + +For **SPY**, we took the stock price of January 2018 and divided it into $1,000,000.00 to get your initial number of shares you bought (spy is $271.1 per share in January 2018, $1000,000/$271.1=3689 shares. ). To generate income for March 2018, you have to sell your shares. March 2018 spy was $262.10 per share, you need $10,000.00. So $10,000/$262.1= 38.15, this is the number of shares that need to be sold to get your income. Therefore at the beginning of April you only have 3689-38.15=3650.85 shares remaining. I continued this process until August 2022. + +&#x200B; + +[SPY](https://preview.redd.it/4tcepigrwvs91.png?width=1858&format=png&auto=webp&s=7559db5330476ec9a3df6dbdf029c35371c94ac1) + +(Blue line of SPY is you cash value, as you can see it is mostly linear why? Because we are consisttntly drawing out $10,000 per month. The orange line is up and down with a trend up, why? Because SPY trended up over the past 5 years ( I believe about 40%)) + +&#x200B; + +**QYLD**. Was similier process. Used a stock price of 24.75 in February 2018. $1,000,000.00/$24.75=40404 shares. Dividend pay for March 2018 was $0.25. $0.25\*40404=$10,101.00 for the month of March (our $10,000 we are needing). Note in March we made \~100.00 extra, so we added about 4 more shares of qyld to our position. This process continued on. However some months did not generate enough dividend income to cover $10,000.00 therefore we had to sell shares (at that current months share price) to make up this difference. + +[QYLD](https://preview.redd.it/4w9xjdk4ovs91.png?width=1859&format=png&auto=webp&s=b87889202b84570cfdd97d0779eeb0b4676c753c) + +(Blue line shows your Cash Value of QYLD, it also shows some linear pattern but is not as low as your SPY blue line, why? We are withdrawing out 10,000 a month consistently, however, becasue of monthly dividend from QYLD (which supplements the 10,000 per month) we are not having to take out as much cash value from QYLD (this also occurs with SPY but SPY pays lower dividend and only 4 times a year). Orange is your Market Value of QYLD. This line is lower than SPY, why? QYLD has had negative growth compared to SPY for the past 5 years.) + +**2 Conclusions**. 1) The Gorwth factor of SPY has more of a positive effect than you might think. Your $1,000,000.00 investment in SPY 5 years ago has a value just under $800,000.00. How can you start with $1,000,000.00, take out 10,000 a month (120,000.00 a year) and still have $800,000.00? Because of growth (and spy does pay a small dividend). SPY is up \~40% the past 5 years. This growth helps offset purely withdrawing from your SPY holdings. + +Number 2) QYLD holds up a lot better than sitting on tons of cash for retirement (I know your saying, "yes dummy, it pays a high dividend" but i didn't really know the extent of it). Having $1000,000.00 cash, taking 10,000 a month (120,000 a year) after 5 years you would have less than half your value ($500,000.00). QYLD after about 5 years has a value of $630,000.00 (compared to spy's $800,000.00). 630k sure is alot more than 500k. + +Hope yall enjoyed it or not, this is all for fun. + +&#x200B; + +Here I added a graph for SCHD. + +[SCHD](https://preview.redd.it/vngg6rxkixs91.png?width=1782&format=png&auto=webp&s=80c75d9d66adfcffce1899bb54d42477a1fb0a6c) + +As you can see, this is similiar to SPY. However a few differences. SCHD has a higher market value. Hard to see in the graph but SPY is around 800,000.00 versus SCHD around 860,000. Cash value is also greater in SCHD, (why is this?). Because of the higher dividend it pays out that supplements your monthly income. Even though the dividend is only 4 times a year, it still covers 20-25% of your income for the year, which means overall less shares being sold when obtaining your 10,000 per month +I have just created a pie for my dividend stocks. I don’t have much cash, but I will try invest in this pie as much as I can. + +In my pie I have + +O +GOOD +PEP +T +MMM +SBUX +KO +LTC +AGNC +STAG + +I’m investing on trading app Trading 212. So the options are limited to them. + +I’m thinking of 20% for O and another 20% for GOOD, 5% each for KO, PEP, SBUX and MMM. Then 10% each for STAG, AGNC, LTC and T. + +Honest reviews are very much appreciated. Thanks +I have a family gathering so I am going to make this post short- luckily my debit spreads will save me and I expect my losses to be in the 400-500K range. That being said, I will be starting a go fund me for anal numbing cream. + +By the end of tomorrow I will likely only be able to afford 9-10 lambos - I am considering selling my food stamps to make ends meet. Just remember, it's just money, hug your kids, enjoy the moment and hopefully tomorrow bring something good for PRPL NRPLERS. + +God Speed Autists, May we be successful tomorrow. + +P.S. if anyone knows of any job openings, let me know. I maybe quit my job thinking this was going to moon. Eff my life. + +I will post some loss porn tomorrow so you sick kids can get your rise. + +As for Joe Megibow, the CEO, you're off my Christmas card list. + +To all that made the play with me, I hope we can recover. + +Matt + +AKA- the well lubricated Mattress King. +It’s seems to me like we are getting waaayyy too excited about crime we already know of. Sure, this calls for celebration! But best keep focused during these times. DRS is a tool for investors to take away shorting ammo and that is VERY good for bullish investors! +I know that Groww uses BSE Star to process all MF transactions. I've used ET Money as well and I think they have a separate system. BSE Star seems really unreliable to me -- earlier this year funds were stuck with them for 30+ days. What are the alternatives to BSE Star for any mutual fund aggregator? +I understand all the meanings behind them and such, I just feel like I’m having a brain shit moment. I wanna be able to do weeklies but I also understand that I can do later out ones and gain more premium with more risk. Should I be doing the weeklies or monthlies on this type of wheel? +Apologies if this has been asked before, I'm just looking for some perspective as I'm turning 20 soon. + +If you were just turning 20 again, what do you wish you could have done differently? + +Do you wish you had saved more, or spent more to enjoy nicer things while you're younger? + +And how much time you put into your career, do you feel it was a waste or do you wish you had worked harder? + +Do you regret moving out at the age you did? + +Obviously I'll take everything with a pinch of salt, I'm just curious. +Hi all. Really don’t know what to do about this, I worked somewhere for 3 months and for some reason they didn’t charge me tax… I received 3 monthly pay checks of £1700, £2000, and £1500. Somehow they have told HMRC they paid me £9k. + +I don’t have the payslips as they sent it to me on my work email at the time (wonder if they did this on purpose…) and now I don’t know how to dispute this. Should I do something or just accept the extra £60 tax every month until it’s cleared… + +Any advice is hugely helpful +&#x200B; + +https://preview.redd.it/ewyxfps6b8e91.jpg?width=591&format=pjpg&auto=webp&s=b9fea16c4b2572f689eb1164c8b57b0003bd11c0 + +Right when I saw this posted, I only thought of 1 thing. Final Fantasy. + +LMAO listen. + +&#x200B; + +[Let’s take a ride. I’m laughing out loud as I am writing this.](https://preview.redd.it/51nnmviza8e91.jpg?width=1024&format=pjpg&auto=webp&s=8522d2ce66856f846ef08d476dd200ec839732bf) + +This is Tonberry. + +&#x200B; + +[this cute little guy.](https://preview.redd.it/b4qt34jgb8e91.jpg?width=225&format=pjpg&auto=webp&s=4713045ade79163f1938226aa6fedef80ef75b11) + +Tonberry, from the popular Final Fantasy series is a very cute, little and seemingly unassuming guy. + +Except he is also called… **Dinglberry** in the original japanese translations. + +&#x200B; + +[Behold.](https://preview.redd.it/udgg5lvkb8e91.png?width=480&format=png&auto=webp&s=662e166d778a39719103ec8a95368e46c5fd11ab) + +Ol’ Dingleberry, he just kind of minds his own business. + +Kind of like RC. + +&#x200B; + +If you know anything about Final Fantasy, if you run into one of these guys, **you fear for your life.** + +This is because Dinglberry can take A LOT of damage. It just walks around as your party continues to hit it and hit it until eventually, **it 1 hit kills you.** + +Ol' Dinglberry, he kind of carries a little lantern around with a knife and that knife does insane amounts of damage. + +&#x200B; + +[it is just like this.](https://preview.redd.it/9w9ibzz2c8e91.jpg?width=600&format=pjpg&auto=webp&s=e5fa098f2e22615d15810139f1b62938704085eb) + +But get this: the damage of his knife attack depends on how many of his kind your party has taken down. + +And ALSO get this: the move is called: **Everybody’s Grudge**. HMMMMMMMMMM + +&#x200B; + +[I couldn't find the meme with GME, Toys R Us, Blockbuster, etc. LOL I'm a smooth one](https://preview.redd.it/ls1wuqjld8e91.jpg?width=1200&format=pjpg&auto=webp&s=2af86f6a05f1c9c4cbab3a7fa7e6506a21287f40) + +Anyway, **Everybody's Grudge.** + +This strong AF move harnesses the collective pain of his felled allies and focuses it into his knife and it is insta-kill in one hit. This is because generations of Dingleberrys (I’m talkin’ hardworking moms, dads, and little dingleberry babies) all of their unheard cries and pain and trauma is allowed a single point of release. Through Dinglberrys thrusts of small wee wee steel. Understandably, it is a 1 hit kill. + +RC is the dingleliest of the dingls + +**A survivor.** + +One who has come with a light in his hand (and also in HIS HEART), one who has caught the falling knife of a stock/company thought dead, weaponized what was considered useless (GME), and become Justice manifest- for all. + +&#x200B; + +&#x200B; + +[Yes you will RC. Yes, you will.](https://preview.redd.it/jv3e9506e8e91.jpg?width=600&format=pjpg&auto=webp&s=8be97ece424677172227c420e7c33535802c6ffc) + +Oh and just for fucks and giggles, + +Final Fantasy was also a series that almost did not make it. It was close to never being released. This is because Square at the time only had enough money (just barely enough due to the looming threat of bankruptcy) to put forth ONE videogame. One move. Hence, why it is called, Final Fantasy. Because it captured the collective hope of everyone who worked on the project. + +Hironobu Sakaguchi, the creator of Final Fantasy claimed that if the video game had failed, he would go back to school and give up on videogames altogether. Obviously, the game was a massive hit and the world of gaming has been so much better for it. + +&#x200B; + +Final. Fantasy. + +Game… Stop\[ped\]. + +HMMMMMM + +&#x200B; + +Buckle up, bitches. + +&#x200B; + +Bonus stuff from a cool article: [https://www.looper.com/225264/this-mistake-changed-final-fantasy-5-forever/](https://www.looper.com/225264/this-mistake-changed-final-fantasy-5-forever/) + +“ It doesn't look like much, but the Tonberry is one of the most dreaded enemies in the Final Fantasy franchise. Perhaps in an effort to make it somewhat less scary, the PlayStation version of Final Fantasy 5 changed its name a bit. This deadly monster was now known as ... Dinglberry. Going from Tonberry to Dinglberry isn't just a question of swapped and dropped letters, this name had to have been a deliberate choice. + +Now, "dingleberry" doesn't just mean the distasteful thing you're probably thinking of now. Merriam-Webster's primary definition of the word is, "a foolish, stupid, or contemptible person," which is probably what the translators were going for. A name implying that the creature is foolish or stupid would play into its gimmick of seeming harmless and weak right up until it one-shots you. ” + +&#x200B; + +Edit: Spelling +I usually see people in this sub bashing newcomers because they ask stupid questions and this usually leads to them being too scared to ask anything. So if you are a beginner and you have a question that you fear is a stupid one, ask me in the comments and I will explain them to you without judging you. + +Also before asking, check the preexisting comments. + +Edit: aight guys hate to be bearer of bad news but I’m an actual human person (relatively speaking) and I have a circadian rhythm which means I have to sleep now. I will try to respond to your questions in the morning + +Edit 2: I’m back +Some 800 million is... huge. https://coinmarketcap.com/currencies/ethereum/ + +I've only heard about it today, I understand so far that it's a note for processing power, is a singular computer for various purposes although that's not 100% clear to me at the moment. But how did it get to be the second most popular coin, especially with a community a magnitude smaller than BC (4x market cap/user compared to BC). That's phenomenal. +For me its when they offer to lend me money so we can go do something they want to do (get takeaway, see a movie etc). I wish they understood that I'm not going to be any better off when payday comes, I'll just be more in debt when factoring in the money they lent me. If I say I can't afford do do something, I really can't afford it and offering to lend me the money does not help. + +I have explained this to them several times, but for some reason it keeps happening. +Really weird one, here. + +So it turns out that a cryptocurrency had awarded me some coins even though I never had a wallet with them. They were explicitly held against a public GPG key I have (as an incentive for me to use their crypto, I guess), waiting for me to demonstrate my ownership of the associated private key to release them, since early 2019. No communication was ever made that these coins were reserved for me. + +I only learned that such a thing existed today from a random conversation, and redeemed them today by proving ownership of the associated private key. They've reached my crypto wallet and I can send them across to an exchange today to sell as well. + +Between the point of issue and the current day, the value of the coin has increased ~100x. + +From the perspective of HMRC taxation purposes, did I: + +* Receive the coins in 2019, because that's when they were assigned to my identity, even though there was no notification or reasonable way to assume I knew they were mine, and as such the cost basis is a really low amount and almost all of this is subject to CGT, or +* Receive the coins today, when I was aware of their presence and actually had full control over them in a wallet owned by myself, such that I've received a large amount of 'other' income but almost no capital gain? + +I'm assuming the second for simplicity's sake? The first would imply everybody had to know at all times what money was held on their behalf to an extreme degree, whereas the latter is 'it's yours once you know it's yours' but that's also hard to prove? +Original post from when I retired: +https://www.reddit.com/r/financialindependence/comments/dec5cn/enlisted_military_fire_i_did_it/ + +So, I retired from the military a couple years ago, and even though my wife was still working, all of our *needs* have been paid for out of my retirement pension and investments. She quit her corporate job and she started a therapy private practice, leaning on our financial independence to take a year to get that up and running. She has a much higher expectation of living than I do, and so I am happy to spend basically nothing every month, and she is happy to spend every bit of her excess income on what she loves. Which turns out to be horses. Holy shit, for the love of all that is holy, do not get horses. When she decided to get one I told her that it would be her horse and she can take care of it, I'm not helping. It goes against pretty much every financial perspective I've ever had. We split the bills, and she has horses and I have video games, and it's been pretty great. I haven't had any excess income from month to month, and I haven't had to dip into my savings or assets at all in the last two years. My wife has experienced the same. + +**FIRE has paid off in ways I could not imagine.** + +Last year we sold our home and rental house in order to buy some more acreage for her animals. We sold the two houses and loaded everything into a Uhaul and were homeless for a night, with the idea that we would buy a farm the next day. The lender shit the bed. They called us the day we were supposed to close to explain that they needed a bunch of documentation (that we had already sent them) and that they would be ready to close in about a month or so. Literally everything we owned was in a Uhaul and the seller was ready to close now. My solar and weed stocks were riding high after the Biden nomination, and I sold quite a few in order to cover the difference and we paid cash on the 600K 13 acre farm. If I hadn't had my FIRE mindset, I honestly think we might have been homeless with a Uhaul full of our stuff. The mortgage company completely dropped the ball. (Shout out to RP funding, get wrecked!) + +So after shifting those assets from stocks to real estate, our property has increased from $600,000 to an estimated $835,000. *In a year.* We might be in a real estate bubble, and I know there's lots of opinions on whether or not you should count your house as part of your portfolio for retirement, but it has been such an astronomical rise. We are in one of the top 10 fastest growing counties in the country, and rent is also incredibly high, plus it's such a perfect hedge against inflation... so as expensive as my wife's horses are, buying this place has been a great move so far. All said, our net worth has increased by $300,000 despite not adding or taking away from our sum of assets. + +At retirement: + +Home: 310,000 + +Rental: 65,000 + +Investments: 210,000 + +2 years later: + +Home: 835,000 + +Investments: 150,000 + + +**So Much Time** + +I've spent the last year learning how to DM in a DnD game for with my 16 year old daughter. We found a bunch of people on r/lookingforgroup and just closed in on a full 12 months of nerdy fun. It's been a blast, and the availability of my time has allowed me prepare for sessions and enjoy the last few years of her being here in the house. + +My wife started her private practice and basically works from home doing therapy. This meant that about 4 times a day I was asking if she wanted to hang out and she had to remind me that she was working. So, I worked at Lowes for a few months. It was fine, there's not a ton to learn about or grow into working in the lumber department, especially after I told the assistant manager that I really wasn't interested in moving up the chain. I asked for a weekend off and they said no, so I put in my two weeks and took the weekend off that way. It was a good little distraction while I was there, though. + +Medical marijuana was legalized in my state. That's been fun. Also, made me realize how much of an uptight ass I can be sometimes. Can't we just, like, you know, be chill and stuff? + +I've gone back to school. I found a program under the VA that lets me attend school without using my GI Bill and it's given me something to do. After retiring we are living in a city I've never lived in before so it's been a great social way to spend my time. Another thing: getting your bachelor's is really fucking easy when you're 38. You basically just have to show up to class everyday, and you're done by 10:00. It's not that hard. I wish I had known this little secret when I was 20. + +**Back to work?** + +I attended some business week events at the school I'm attending and ended up networking with a local accountant who offered me a job on the spot. I am not an accountant, but with my leadership background, he wants somebody who can understand accounting and manage accountants. So I start my new job later this month as a manager at an accountant firm, I guess. Being retired in a tourist town has just gotten so boring, I need to do something, and this kind of fell in my lap. FIRE principles have allowed me to transition from military life to civilian much more easily, and I'm excited to go to work, even though I don't need to. I'm sure if I need a weekend off, I'll be able to take it. + +**Spouse finances** +A lot of people accused me of not really being retired because my wife still worked. I don't really care about their opinion, but it has stopped to make me think about it. The bottom line is that she pays for her stuff and I pay for mine. I think every couple has to figure out that dynamic on their own, but we are financially separate from each other, it's literally the only way we could survive. I can't stand her willingness to throw money away after dumb shit, and she can't understand how much of a penny pincher I am. We split the "required to survive" bills down the middle. She leaned on me a little bit when she stood up her private practice, but that wasn't a big deal. If we weren't married, I wouldn't own any land, I'd be in a van conversion driving around the country and have fewer bills than I do now. I would definitely have more money without her, despite her income. This seemed to be a very opinionated piece of it when I made my original post. + +PS. If anybody is interested in buying some horses, let me know, I'll give you a really good discount. You just have to be willing to pick them up from me under the cover of night, don't tell my wife... +Would love to hear any stories of anyone who used their assets to offset their Fat lifestyle with a lower paying job? + +A lot of stories on here are "when should I retire? I'm 45, what am I going to do all day?" + +I started running some numbers over the weekend on leaving a high paying/high stress job for something 1/3rd the salary and low stress. I started modeling the difference in cash needed to keep a Fat lifestyle and if I were to supplement asset withdrawls with the lower salary it drops my FatFire # down 35% approximately and probably shaves a few years. + +Curious if others have gone the "FatSup" route and how that panned out? +I saw an auction start at $750k bids go to $905k, didn't meet the reserve. REA paused the auction and took the leading bidder aside and then spoke to the Vendors. + +I left as things were dragging out but I gathered the buyer was going to 'sit down' with the REA for negotiations. + +Just curious if people here have insight as to what those discussions look like? +Guten Morgen to this global band of Apes! 👋🦍 + +I hope you all had a wonderful weekend, and also that you were able to take advantage of the nice dip yesterday. I continue to be amazed that the Institutional Shorts find this to be an ideal time to drive the price down. The date to own shares to cast proxy ballots is already past, April 20th is tomorrow, and the annual meeting is fast approaching. GameStop has the upper hand against the short sellers, and risks nothing by leveraging it. Meanwhile, they have all of the working capital and talent they need to fundamentally change the retail landscape. Apes see it clearly, but the SHFs seem to think there is a way out of the mess they are in. + +Maybe they've been listening to the advice of the useless consultants from BCG. Maybe their hubris has them convinced that they are crafty enough to engineer a way out. They are low on ideas, so they do what they always have - exploit their position as market makers to create phantom shares and drive the price down. Eventually the stock dividend will end their party. In the meantime, our Diamantenhände shall HODL and await the MOASS. + +Today is Tuesday, April 19th, 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: **$144.54 / 132,88 €** *(volume: 4755)* +- 🟥 115 minutes in: $144.39 / 132,74 € *(volume: 4654)* +- 🟥 110 minutes in: $144.43 / 132,78 € *(volume: 4529)* +- 🟩 105 minutes in: $144.75 / 133,06 € *(volume: 4236)* +- 🟥 100 minutes in: $144.55 / 132,88 € *(volume: 3807)* +- 🟩 95 minutes in: $144.58 / 132,92 € *(volume: 3778)* +- 🟥 90 minutes in: $144.51 / 132,85 € *(volume: 3678)* +- 🟩 85 minutes in: $144.57 / 132,91 € *(volume: 3601)* +- 🟥 80 minutes in: $144.45 / 132,79 € *(volume: 3582)* +- 🟥 75 minutes in: $144.57 / 132,91 € *(volume: 3541)* +- ⬜ 70 minutes in: $144.85 / 133,16 € *(volume: 3344)* +- ⬜ 65 minutes in: $144.85 / 133,16 € *(volume: 3292)* +- ⬜ 60 minutes in: $144.85 / 133,16 € *(volume: 3060)* +- ⬜ 55 minutes in: $144.85 / 133,16 € *(volume: 3020)* +- ⬜ 50 minutes in: $144.85 / 133,16 € *(volume: 3019)* +- 🟥 45 minutes in: $144.85 / 133,16 € *(volume: 2962)* +- ⬜ 40 minutes in: $145.22 / 133,50 € *(volume: 2862)* +- 🟩 35 minutes in: $145.22 / 133,50 € *(volume: 2853)* +- 🟩 30 minutes in: $144.68 / 133,00 € *(volume: 2651)* +- 🟥 25 minutes in: $144.37 / 132,71 € *(volume: 2638)* +- ⬜ 20 minutes in: $144.68 / 133,00 € *(volume: 2563)* +- 🟩 15 minutes in: $144.68 / 133,00 € *(volume: 1949)* +- 🟩 10 minutes in: $144.68 / 133,00 € *(volume: 1948)* +- 🟥 5 minutes in: $143.82 / 132,21 € *(volume: 1877)* +- 🟩 0 minutes in: $144.34 / 132,69 € *(volume: 816)* +- 🟥 US close price: $141.46 / 130,04 € *($141.80 / 130,35 € 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 1.0878. 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! +Crypto exists in a space that is largely a completely unregulated free market. If your crypto project can be made worthless due to some economic actors performing a free market action, then that coin never had any worth to begin with. Complaining about "attacks" post hoc is a useless activity that tries to absolve the individual of making a bad trade. + +If your algorithmic stablecoin project was so flawed to the point where a bunch of people selling its stablecoin could send the entire LUNA/UST ecosystem to 0, then that coin was so flawed to be worthless from the word go. + +Take responsibility for bad trades and stop trying to absolve yourself of all responsibility by inventing charades and conspiracies about how the man made you broke. +44m. Wife and 2 kids. 11m liquid. I own my own business and still enjoy my work, but am considering FatFire in the next 5 years or so. + +We live in northeast and recently purchased an acre of vacant property in Florida on Gulf of Mexico. Beautiful spot. We’re going to build a house on it. It will be a vacation property for my family. (We travel to the area several times a year anyway, so it will be nice to have our own place.) In the future we may “flip” and live in Florida, and make our home in the northeast our vacation property. + +**My challenge:** + +I am not yet retired. I have young kids in school. I still work everyday. While we travel to Florida a lot, I cannot be on-site every day (or every week) to oversee the building of our new house. + +We have built houses before, and I own a few residential and commercial investment properties, so the idea of a construction project doesn’t scare me. But I am used to being on site regularly, communicating with construction workers and project managers. + +I have a few good builders in mind, but I don’t just want to say, “Build this house. I trust you. I’ll stop by every month or so and check in.” + +I need someone to walk around the site a few times a week... send me regular pictures and updates... advocate for me if something doesn’t look right... let me know when construction stops or things go wrong.... buy pizza for the crews once a week. + +I am envisioning some gray-haired retired guy who has some construction experience. He’d stop by three times a week and inspect the work. Send me updates. I’d fly down about once a moth or so and walk the jobsite with him. Pay: Perhaps 40,000 for 3 days a week for about a year. + +So where do I start? + +- **References from friends and family in the area?** I do have friends and family in the area, but they are 30+ minutes away, and they are not at all fatfire. They may not be able to relate to the expensive house I am building. And frankly I don’t trust their judgement when it comes to construction. And I don’t want to brag about what I am splurging on. + +- **Facebook Classifieds?** I don’t want my 500+ friends to see/know the details of my project at this time. + +- **Indeed?** I doubt old gray haired retired guys check job sites like Indeed. + +- **Ask the neighbors?** I don’t even know the neighbors yet. + +How do I find a guy to oversee the project? Or is there a better way to do it? + +Thanks in advance for your thoughts. +I see a lot of people on this sub have had major windfalls in the last couple years. Standard guides to managing windfalls, like the Bogleheads wiki page, advise taking time to process before taking action and especially rash expenditures and telling people but only go so far. I'm curious how r/fatFIRE people with windfalls actually managed them. How much did you change your spending, how long did you take to do so, and what did you spend on? What did you get right or regret? +EDIT/UPDATE: APRIL 21, 2021 + +We got our money back! Not 10 days later, not 15, but 32. + +We filed a complaint with the FDIC, had a case manager assigned, due to our complaint, from the suntrust regional office, and 3 days later, we got a phone call letting us know "they don't know why the account was flagged, but the issue is resolved , and we can continue banking as normal. our funds were available to us". I don't know about you, but that pissed me off even more. It took a complaint from the FDIC to get a call back from someone. No answers for over a month and all of a sudden, there's nothing wrong. We went straight down to the bank to close our account and withdrew our funds. + +All in all, this experience really opened my eyes to just how criminal the banking system in the USA is. I saw so many comments stating "This must be a fraud case" or "there's most likely flags or reports on our account". I mean, sure, i guess that's a reasonable answer, but we are good people. We work hard, we're honest, and we get all our money deposited to our account via direct deposit. There was no fraud, no strange purchases, nothing. + +Just an incompetent bank system. + +\----------------------------------------------------------------- + +On March 3rd, 2021, my husband was out and tried to buy a cheeseburger, when his card declined. He called me to let me know his card was not working and asked if i could get to the bottom of it. I had noticed the previous day, that the app on my phone for our bank, SUNTRUST, was not letting me login as i was trying to check our funds for budgeting, and i assumed the app was being updated so i didn't bother with it. all in all, i ended up calling the customer service phone number on the back of my debit card, which connected me with a representative to whom i explained the current situtation. The representative began to stutter and could barely get a sentence out without placing an "umm" between every word, which instantly gave me anxiety. As she procceeded to answer my question as to why my card was not working, she stated "The account has been closed, Suntrust decided they will no longer continue banking with you as per a 'routine review' of their accounts". As you could imagine, i was instantly irate, Due to the fact that all of my husband and I's funds were in this one sole account, and i had not recieved ANY notification of closure or review. I instantly hung up the phone, and decided i would go down to my local branch, because surely this was some mistake. + +As i arrived at the branch, i sat down with a banker in a very humid glass office, and kindly explained what the representative had told me on the phone, but that i had no knowledge of why this would have happened. The banker seemed confused as if this had never occured before, and procceeded to pull up my account. As he read over the notes, he remained quiet which i found odd. He turned to me and very plainly stated "there are no notes in regards to the situtation, im not sure why, there is just a phone number provided for you to contact for more information, im sorry." and handed me a paper with the said phone number on it. + +I walked out of the building, and called the number in my car from the parking lot. It brought up the automated system for the suntrust fraud department, which then led to me to a representative with an international accent, most likely indian, which led me to assume this was an offshore phone number. I again had to explain my situation and yet AGAIN no explanation could be provided. + +At this point, i was now past anger, and my emotions grew into fear, where is my money!? + +I walked back into the branch, unsatisfied with the service being provided from this institution, and requested to speak with the manager. He politely led me into his office, as i again explained the situation. as the banker before had, the manager pulled my account up and read through what seemed like an endless amounts of notes, yet could not provide an explantion. He stated he had to call the 'back office' who are responsible for account closures, placed the call on speaker but as soon as someone picked up, placed it on a personal call so i could not hear the responses. The manager explained what was going on, and asked "is there any information that i CAN provide to the client?" which flew a huge red flag for me.. what do you mean what you can tell me? its my money for god sake, don't hide information.. but anyways, he continued on and could only state that the fraud department was reviewing my account and they decided to close the account. he could not provide any timeframe for when i would recieve my money, but that it would come through a check in the mail. I cried right there unapologetically, this bank took all our money, won't give us access to it online to even verify the amount in the account, and won't provide any further information. + +I have no money to pay the bills, feed my family, put gas in the car. I don't know how this is even legal, as i have seen many other people's testimonies reporting the same, with no luck for a resolution. We had thousands of dollars in this account, and they took it all without remorse or explanation. + +What do we do now? Get a lawyer? How do we pay? + +If this has happened to you, i am so sorry, but this just can't be legal. + +what now. +So when i was about 3 years old, a metal newspaper box fell on my left hand (i don’t really remember how since i was so young) eventually had to have multiple surgeries on it. Keep in mind i don’t come from a rich family, my parents are immigrants with low incomes that are just enough to keep us by. + +My parents sued the apartment complex we lived at, at the time, where the incident had occurred. We had won the lawsuit but the insurance company had put the money into a trust fund for me to get when i turn 18. They said they will send out 4 checks. + +I had just found out about the trust fund when my dad handed me the first check which was $50,000. + +We don’t really know how much money it will be in total because the money had been put in a bank account with interest and also it was years ago so my parents don’t really know where the documents are. + +I might be expecting a total of a little more than $200,000 which i have no idea what i’ll be doing with. Im expecting to go to college next year and ill probably stay in state for all four years so the tuition, including boarding fees, will be around 14-17k yearly, without any scholarships or financial aid my family applied for months ago. + +Also not to mention I haven’t deposited the check. Should I make a new bank account for this? Right now all i have is a TD debit account with my hard earned 900 dollars from my summer job. Im not really sure i want this money to be that accessible. + +Should i invest the money? Im not really sure what do with it, any help is appreciated. + +EDIT: Thank you to everyone who responded to my post, i’ve been reading all the posts and you guys are giving me great advice. +I see a lot of people trying to tell me to buy a car. I would like to state that I have a working and reliable car and an extra family car I can drive whenever, so i’m good with that. +Other than for the first year of college, I do not plan on spending this money at all. In fact, i am planning on getting a part time job soon to have some spending money of my own. +Hey everyone! + +I am thoroughly confused as to why they are dropping the price so much. + +I know people say it's to reduce FOMO, but I feel like they would need data to back up that this actually works. Else, they are making it cheaper to FOMO in and also cheaper for current stock holders to buy more and DRS. + +I mean I'm looking at the alternatives: + +- Let the price go up and make it harder for people to FOMO in / buy more. However, this may lead to a margin call if that target price is $200. + +- Keep the price the same, which really doesn't improve or lessen FOMO or buying (we doing regardless) + +- Drop the price and help people lower their average (I bought 4 today, it's not much but it's honest work), Get more stocks for our budget, and allow people to FOMO in when it's the right time at a lower cost. + +This also matches the MSM schedule of DON'T BUY GAMESTOP and STOCK SPLIT DOESN'T EXCITE SHAREHOLDERS (Narrator: It's not a split and it does) but I've still been able to send people information on the Stock Dividend and they are still buying. + +I guess what I'm trying to say is, is there any DD or Possible DD that I can take a look at for this price drop to figure out why they are stupidly dropping the price? + +Normally we can find out a reason for just about everything with our favorite stonk but for the life of me, I can't figure out why they are doing this. + +They literally borrowed a shit ton of shares to drop the price (looks at chart) 10%. Also, where the f*ck are these shares coming from? + +If anyone has any neat ideas on why they may be doing this, I'm all ears. + +HedgiesRFukd. DRS Your Damn Shares. 🚀🚀 + +Thank you all :) +Some companies are just companies and some companies are a brand of the owner - we know which category Tesla Falls into. So what happens if our meme daddy Lord and savior falls off a cliff or gets hit by a bus? Won't Tesla fall 20% upon the news and then trickle down another 20% upon the uncertainty? I doubt it would ever recover. + +Those of us that are long Tesla what's your plan for when that news pops up on your feed? +When i was married I consigned my wife's student loans. After i signed a while after she had some emotional problems and ran off. + +Few years later she sent me divorce papers and told me to fill them out and that she would agree to anything. I put in the debt section all her student loans and her car note and other debt in her name. After she filed the papers she sent me the signed documents for my copy so i have proof that she said ok to these terms. + +Her life has been a roller coaster to say the least disappearing and jumps job to job. + +I have tried talking to Sallie Mae and send them my divorce document so they can take me off the student loan, but this apparently isn't how it works. They told me she has to graduate and then she has to pay 1 year of on-time payments. + +So fast forward to now she graduated finally and has a low ball job at a hospital and told me she has been making payments. Today I got a credit notification that the Sallie Mae account has gone 60 days past due and dropped my credit 100 points.... This really hurts as on my side I have great credit and have 100% on time till this I have held the same job 10 years since I graduated and pay everything on time. + +What are my options? + +Update*** +Thanks every one for your help! + +I take full accountability of the loans i consigned and i will pay for the loans till she becomes responsible enough to take them over and i can be removed from them + +I was miss informed before, but now i know and knowing is half the battle!! + +The divorce decree doesn't expunge you of ur loans when you divvy up debt but may give me grounds to sue + + + + + + +I am new to this, so i am trying to get a sense of what the returns are like. I've read that real estate in the USA historically appreciates about 5 percent a year. But i feel like people have anecdotes about much more significant gains. Hence this question. + +What are your overall returns on your properties, net taxes, maintanence, and other related expenses? It would be great if you could mention the type of the property, location, and how long you have owned it. +How do I make sure I'm not a victim the next time something like that comes around? + +Current Stats: +28/single/no kids +44K in income +$1800 in savings +10K in debt (auto and student loans) +11K in 401K + +Thanks in advance +There is no “US”. + +There is no “WE”. + +There is no “TOGETHER”. + +**There is only “I”, “ME”, “MYSELF”.** + +The SEC can use talk like that to investigate this sub, as well as you. Why? Because that’s stock manipulation. + +“I like the stock”. That’s all this is. I invest because I like the *fundamentals*. I do my own DD and am not following anyone. I am in this to make some money, as is the way of the sub. Taking profits and reinvesting at a lower price. + +Now, “Be excellent to each other.” “Party on dudes!” + +*I am not a financial advisor, a lawyer, or a cat; I simply like a stock* + + + +**An Edit for those missing my point:** + +The SEC likely wouldn’t investigate or prosecute anyone. The point of this post is, they absolutely would go and get this wonderful place, full of retardation and loss porn, removed from Reddit. That’s all I aim to prevent. I’d rather not see the community go up in smoke, just because a few dozen people don’t know how their words can have consequences on more people than just themselves. +Happy holidays /r/financialindependence! I posted the following to /r/personalfinance, but I thought my fellow kindred spirits in this sub would enjoy it as well. Merely 7 months ago, I hit [$1 million in combined balance](https://www.reddit.com/r/financialindependence/comments/6ajikw/milestone_1_million_saved_in_retirement_accounts/) between my 401k and IRA. My 401k account balance at the time was $879k. Since those few short months, it's grown by an astounding $120k! I know this has been a crazy year for market returns, and I'm not ready to pull the plug by any means or expecting the trend to continue, but it's mind-boggling when your investment returns begin to match or outpace the income from your day job. + +Unless something goes horribly wrong, my plan is to retire from my current career in 5 years. Assuming a ~7% ROR, I should have at least $1.5 million in retirement assets alone, which will produce $60k of annual income (based on the 4% rule) and more than pay for my expected living expenses. At that point, I will take a respite from working, and then pursue something related to my passions (health/nutrition/fitness) that isn't necessarily income generating. I look forward to sharing my journey with this sub! + +--- + +Nearly 4 years ago, I submitted a [post to this sub](https://www.reddit.com/r/personalfinance/comments/1vvqgy/read_this_before_thinking_about_touching_your/) imploring people to think about the financial ramifications before touching their retirement savings. I urged people to consider the power of compounding and the wonders it can produce if allowed to work its magic. Also within that post, I mentioned that I strived to become a 401k millionaire someday, and this week, thanks to years of consistent savings and a long bull market, that goal [has come to fruition](https://i.imgur.com/ihNtSod.png), at the ripe age of 45. The following table shows my annual out of pocket contributions, and below that I will share my story. + +Year|Employee 401k contribution| +:-|-:| +1995|2,800| +1996|6,100| +1997|8,800| +1998|9,900| +1999|10,000| +2000|10,500| +2001|10,100| +2002|10,300| +2003|12,000| +2004|13,000| +2005|14,000| +2006|15,000| +2007|15,500| +2008|15,500| +2009|16,500| +2010|16,500| +2011|16,500| +2012|17,000| +2013|17,500| +2014|17,500| +2015|18,000| +2016|18,000| +2017|17,000| +**Total**|**308,000**| + +First, I want to iterate that I do recognize how fortunate and privileged I am to be able to achieve this milestone. I am extremely lucky to have been born without any major disabilities or health issues, and I am very grateful to be able to participate in a society where the opportunities and resources to achieve personal successes exist. Furthermore, I believe I was lucky to have been born into extreme poverty, for it ignited a fire within me to do everything within my power to escape my circumstances. I refused to allow my situation to define me, and I focused my time & energy on the things within my influence to improve my life. + +Because I grew up in poverty, I've held a job in some form or fashion since I was 10 years old. The ones I worked in my youth were tedious and low paying, but they taught me to not be afraid of hard work. They also motivated me to find better & higher paying jobs, and to that end I pursued getting my education since I lacked any special gifts or talents for earning a lot of money easily. My youth was not like that of most people I know. It was comprised entirely of school, work, and study. There was little time for leisure, and even during school breaks I would borrow books for the subsequent semester to get a jumpstart on the material. Thankfully the effort paid off, and I was able to do well enough in school to qualify for some scholarships for college. I went to the cheapest institution I could find, and when choosing a major, I decided to pursue engineering as it suited my strengths in math & science *and* offered careers with higher earning potential, as opposed to one that simply followed my passion (art). + +Upon graduating college (with around $10k in student loans), I landed my first professional job, which paid a handsome annual salary of $28k. I continued living intentionally and aligned my actions to my values & priorities. As Dave Ramsey is known for saying, "live like no one else now, so later you can live like no one else". I was accustomed to living in poverty, so I knew how to survive on a lean budget. Achieving a financially stable and secure life was more important and rewarding to me than stuff I could accumulate or luxurious experiences I could buy, which allowed me to avoid the YOLO mentality and FOMO mindset. Also, as a Gen X-er, I started my career in an era of disappearing pensions and the advent of outsourcing/offshoring. I watched good paying, stable jobs disappear overnight, and loyal, long term employees left suddenly without the incomes and secure retirements they had come to expect. That motivated me to treat my income like lottery winnings, and maximize my savings rate to ensure that I never had to worry about relying on a job for survival or face the prospect of being in poverty again. + +I wasn't the most knowledgeable investor, and didn't learn about low cost passive index funds until my late 30s. However, I was fortunate to work for a company early on in my career that explained the power of compounding and the benefits of tax advantaged savings, which encouraged me to participate in my 401k program. I knew I had a long investing time horizon, which helped me to develop a high risk tolerance and feel comfortable with putting most of my contributions into equities. I ignored short term market volatility (which many of my coworkers had trouble handling during the 2000 and 2008 recessions, to their unfortunate detriment), and as I gained work experience & skills I strategically job hopped to pursue higher income opportunities. I looked for jobs with solid 401k benefits, such as low fees and generous employer matching, so that I could continue to take advantage of that savings vehicle. + +Achieving any long term goal requires consistency and discipline, and the ability to break it down and attack it one small bite at a time--while keeping an eye on the larger prize. It's no different for finances, and each of us has to decide if it's worth making some trade offs today in order to have a brighter and more abundant tomorrow. I've had some people tell me that it's important to enjoy the present, as there is no guarantee that there will be a tomorrow. However, the reality is that tomorrow will likely come for most of us, so it's prudent to plan for it. + +🔥GET IN EARLY! FEW DAYS OLD BEFORE ITS TOO LATE! 🔥 + + +Keanu Inu's launch was INSANE! we had one of the best launches to date, The community is super strong and confidently feel this is the next SHIB moon mission... tokens sent to a real burn wallet (NOT VITALIKS LOL) Locked liquidity, renounced ownership, super active community + + +📞 24-7 open voice chat which is always active and bouncing, REAL DISCUSSIONS & GREAT VIBES to pilot $KEANU out of space! + + +💹 Just like the LEGEND Keanu we are committed to changing the world and have strong marketing plan in place for the near future to ensure everyones success in life-changing profits 🤤 + + +☑️ Coin gecko & CMC applications submitted and as word spreads fast about $KEANU we are making waves listing is any moment now + + +2% tax distributed to holders on every transaction Also 2% sent to burn wallet (not vitaliks) total 4% burnt + + +🐥Telegram: /KeanuInu + + +🌐Website: https://keanuinu.finance/ + + +🦜Twitter: https://twitter.com/InuKeanu + + + +📸 Instagram: https://www.instagram.com/keanuinutoken/ + + + +✅ Buy: https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x106552c11272420aad5d7e94f8acab9095a6c952 + + + +📈Chart: https://www.dextools.io/app/uniswap/pair-explorer/0xfee4800067bfc9dff564d116cba4d4b16ca7b7b3 + + + +📑 Contract: https://etherscan.io/token/0x106552c11272420aad5d7e94f8acab9095a6c952 + + +🔒 Liquidity Locked: https://etherscan.io/tx/0x72c7e6011673e989e2686d9e5b20aa0883677b84afbfa973956dd2c38f5ac465 + + +⚡️Ownership Renounced: https://etherscan.io/tx/0x47a47d52070a640d976635d82abb1bf60c730be2fdfd846dc4854d43712c1774 +What do you guys think about DNP compared to other monthly income funds (SPHD, O, RQI)? I understand DNP sells capital gains to pay div sometimes, but overall despite the maintenance fee I think it's a good investment for passive income (especially if selling my own capital appreciation is too much work). It has some scary drawdowns during various finance crisis, but it's never cut divs and price is in a steady multi decade long uptrend. Any thoughts? +Im right at that tipping point. Net worth in the 200-300k range, just got that six figure job I was always dreaming about. Investments, emergency fund, primary home, etc all set up right where they should be by the guidance of this sub. I'm 29 and doing well! + +But goodness do I hate going in every day. 1 hour commute each way in traffic, coworkers at the new job are aweful and don't understand what they are doing. My tasking is extremely unfulfilling, for example I was given five days to prep for a 15 minute meeting with some guy down the hall. And there's almost no work. + +Gmail is blocked, my boss hates seeing people on phones, and doesn't allow telework or even the 9/80 schedule all other departments have. So I literally drive two hours a day to sit in a cube and stare at a wall for 8 hours. Its Office Space on steroids. + +So basically, I'm being overpaid and can hit FI really quick while doing nothing but watch my youth slip away. + +What would you do? How do you get through that hump of watching the returns pile but FI still seems so far away? +I wanted to see peoples thoughts on the idea of internet influencers, and the massive amounts of money behind them, having never experienced a recession. The whole market of “influencers” didn’t exist in 2008, but I don’t think they would be very affected by a recession. Where typical business has self correcting properties, i.e. stuff gets too expensive and demand decreases (in simple terms), demand for influencers has nothing to stop it from growing. People will always crave more and different forms of entertainment. Some people do hit a point where they need to stop consuming, but most will happily absorb all the content they can, which will just keep making the creator of that content more money. Now most of these influencers and content creators are young people with more money than they know what to do with and they don’t spend it wisely, but there is a (for some) continuous flow of cash with a seemingly never ending demand. Just a thought that came to mind but let me know yours. +Source: [https://www.sec.gov/rules/sro/finra/2022/34-96415.pdf](https://www.sec.gov/rules/sro/finra/2022/34-96415.pdf) + +***Additional Materials:*** [Exhibit 2a](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex2a.pdf), [Exhibit 2b](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex2b.pdf), [Exhibit 3](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex3.pdf), [Exhibit 5](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex5.pdf) + +[Submit Comments on SR-FINRA-2022-031](https://www.sec.gov/cgi-bin/ruling-comments) + +FINRA is proposing to adopt FINRA Rules 6151 (Disclosure of Order Routing Information for NMS Securities) and 6470 (Disclosure of Order Routing Information for OTC Equity Securities) to require members to (i) publish order routing reports for orders in OTC Equity Securities, and (ii) submit their order routing reports for both OTC Equity Securities and NMS Securities to FINRA for publication on the FINRA website. + +https://preview.redd.it/eafaiznrm53a1.png?width=902&format=png&auto=webp&s=3727bec7ae92ed0b3467737930736f73c6b1b8cd + +https://preview.redd.it/wkggorgtm53a1.png?width=861&format=png&auto=webp&s=ba5f18d8942e98c8ac7d9b9377d0f5f5176526c0 + +https://preview.redd.it/aplfad83n53a1.png?width=853&format=png&auto=webp&s=857d7b4efbc803e925832e3dc42c31116feda5ee + +https://preview.redd.it/q87e1gqln53a1.png?width=902&format=png&auto=webp&s=0b098e19027312fd4eb26139436e483dd0ae46f3 + +https://preview.redd.it/dp431zamn53a1.png?width=883&format=png&auto=webp&s=19809dcbd897ca122ba538591f9b64b775239cd7 + +https://preview.redd.it/d6xab7fsn53a1.png?width=995&format=png&auto=webp&s=6af6844ca442782f6cd74876367ed95002b1701e + +https://preview.redd.it/udkkkt2do53a1.png?width=716&format=png&auto=webp&s=d5341f156c0433f0fd10790472041853f792c529 +I see so much stuff on here from people who aren’t profitable or just flat out talking out of their ass and I think it’s necessary for someone to be honest and straight forward about Day Trading and what you should and shouldn’t be doing. This is going to be brutally honest and probably hurt some feeling but it needs to be said. I’ll try to keep this as simple as possible. + +1. Trading doesn’t give out participation trophies———people on here always saying it takes years and eventually you will figure it out. No. Keep trying you’ll get better. No. I’m still learning and it’s been 5 years and I just figured it out. No…. This is a serious career that requires constant focus, preparation, studying, screen time, discipline etc. if you are not going to basically devote your life to this craft it’s just not going to work. I’m sorry but that’s the reality. The Market I.E. other traders aren’t going to hand you money. Not going to happen. Just you showing up isn’t enough. + +2. No profitable trader is EVER going to give you their EXACT trading strategy—— there isn’t one mentor, YouTuber or whoever else out their willing or necessarily able to give their strategy. It’s just the facts. No one’s going to hand you money so stop looking and save your time. They may give you the generic strat they use such as supply and demand but their real strat may actually have 3 or 4 intricacies to supply and demand. + +3. If you lack discipline no matter what strategy you use you will never be good at trading bottom line—— plain and simple if you are impulsive and can’t follow your rules stop trading it’s not for you. You can’t win + + +4. People around you are going to doubt you when you start and hate you if you succeed—— this one sucks but it comes with the territory. You drive past the fork in the road that everyone takes and made your own path now you have to live with the repercussions from “regular” people that are not ambitious, judgmental, envious etc. If you don’t want to deal with this stop trading. + + +5. Don’t slowly scale once you have a great strategy that you proved works—— if you perfected your strategy size up quickly don’t waste time working your way up. Obviously do what you can within the means of your account but still no need in wasting time. + + +6. Desensitize yourself to money—— as you scale stop worrying about the dollar amount and focus on being correct. The money will workout itself if you do your job. Your job is to execute your strategy. + + +7. You can’t moonlight and trade (you can’t work another full time job and expect to be a great trader)—— 100% don’t quit your job but give yourself extra time to learn. Don’t quit your job until you can make a substantial living off of trading BUT understand being an expert trader is not going to come by it being a side job + +8. Most of you on here shouldn’t be trading let alone trading real money—— very few people on here will become successful traders so don’t be afraid to be honest with yourself. This isn’t for everyone. If you aren’t disciplined, focused solely on trading, gamble, or lack self control quit now please before you ruin your life. + +9. If you gamble on anything quit trading—— you can’t be addicted to pills and be a pharmacist it’s just not going to work. Give up trading or gambling but either way one has to go. They can’t coexist + + +I’m going to stop here but I have more in-depth points I might write later on. The stuff I said may sound cold and cynical but it’s a reality you have to accept. +Wondering if anyone has built a stock screener that scans for a specific setup in a stock throughout the day? I'm looking to build one with minute solution and seeing if its possible in python code. +Hi all, I would like to hear your opinions on this. + +Me and my wife have the money but have decided to hold off buying as the stamp duty holiday has caused prices to sky rocket past what you would save from the tax break. We feel that when the stamp duty holiday ends the house prices will normalise and all those who purchased prior will end up losing much or if not all equity in the property. + +My reasoning for this argument. +1. Less demand to buy after tax break ends. +2. End of furlough scheme will begin to show the real damage this pandemic had had on the economy. + +My reasoning against this argument. +1. We are looking to buy in a sort after and historically expensive town. +2. More people will be moving further out from london due more people working from home. +Hello, + +I'm moving from UK to Portugal before the end of the year. I've been reading about the NHR scheme, under which I will be paying a flat tax rate of 20%, which is great. + +Another benefit of this scheme is that foreign incomes are not taxed in Portugal. How would that work in practise though? I have a Vanguard UK ISA (not sure I'd be able to keep the ISA) and a Fineco trading account with stocks (UK/EU/US). I've never had to pay capital gains because it's always been less than 12k GBP in UK, but not sure how it would work in this situation. + +Should I be looking at hiring an accountant to do things properly? I hold dual citizenship UK/EU if it makes any difference. + +Thanks +For the "safe" part of my portfolio, I am trying to decide between these two bond ETFs: + +1. [VAGF](https://www.justetf.com/en/etf-profile.html?isin=IE00BG47KH54): Vanguard **Global Aggregate** Bond UCITS ETF **EUR Hedged** Accumulating. +2. [VGEA](https://www.justetf.com/en/etf-profile.html?isin=IE00BH04GL39): Vanguard EUR **Eurozone Government** Bond UCITS ETF Accumulating. + + +Any thoughts? + +* In favour of (1), if I understand correctly global aggregate currency-hedged bonds should have lower volatility. +* In favour of (2), I believe Eurozone gov't bonds have a lower taxation in my country of residence. + +Anything else I should take into account? Any other bond ETFs I should be looking into? +Hi, + +I'm 26 years old based in Germany and working as a software developer. + +I'd like to ask for advice for starting investing, I did some reading about it and learned that if you are younger then higher should be the the risk. + +As I did one of risk assessment online my risk analysis was **3 out of 6** (6 being the most risky.) + +I'm thinking of combining ETF's and stocks. What else should I look into as an instrument? My question is how to decide which ETF to buy? In a trade broker platform there are many ETF that is indexed by S&P but some of them are 14eur and some of them are 78eur and some other are 450eur. What is the difference and how can I decide which ETF to buy? + +&#x200B; + +I'm thinking buying 50 to 120EUR ETFs and stocks monthly. + +Note: I have already put at least 6 months of emergency fund. +I am setting up an investment plan to be investing more systematically instead of doing stock picking and I would like to do it with ING (in Germany). + + +I have been looking at different ETFs and "iShares Core MSCI World UCITS ETF USD (Acc) Share Class" seems a pretty good choice among the ones available. At the best of your knowledge, do you think there is something better to get a broad exposition to a lot of different markets? + +I also read that it is not covering emerging markets. I didn't start to think about that part yet, but if you have some suggestions, feel free to post them here. +Hi, + +It would be interesting and helpful to have a document or chart that outlines all possible costs for purchasing a house (broker fees, sales tax, etc) and costs incurred after purchase during living in long term (utility costs like electricity, property tax, maintenance fees, waste management, etc). + +Can someone please share insights or pointers to resources? location: Germany. Thanks + It seems like the FIRE movement is geared mostly towards corporate folks who earn a lot, save their money, and retire early. However, I'm interested in hearing how small business owners and entrepreneurs feel about the FIRE movement. Would you prefer to retire "inside" your company and simply scale back your hours or would you sell your company for liquid assets and retire on that? +I have shares of Apple, Tesla, Amazon. All of those stocks for me have at least doubled in stock price. +I was speaking with a mentor at work (healthcare industry) and he mentioned when the market is acting irrationally and stocks seem to be artificially driven up he sells a bit to take advantage of this. +I’m not new to buying but am new to the idea of selling. Does anyone have some sort of method or metric that they use? A percentage of shares that they will sell to take advantage of the current extraordinarily high prices? + +Thanks! +I have shares of Apple, Tesla, Amazon. All of those stocks for me have at least doubled in stock price. +I was speaking with a mentor at work (healthcare industry) and he mentioned when the market is acting irrationally and stocks seem to be artificially driven up he sells a bit to take advantage of this. +I’m not new to buying but am new to the idea of selling. Does anyone have some sort of method or metric that they use? A percentage of shares that they will sell to take advantage of the current extraordinarily high prices? + +Thanks! +Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. + +Friedman, the great free-market champion of the last 50 years and one of the most influential economists of the last 200 years, died in November 2006 at 94. Here's [more](https://fee.org/articles/the-great-depression-according-to-milton-friedman/). + +&#x200B; + +https://i.redd.it/mp1n8helfxd91.gif + +Here is a [speech](https://www.youtube.com/watch?v=dgyQsIGLt_w&ab_channel=LibertyPen) where he briefly explains his theory that the FED was responsible for the Great Depression, and that the public sentiment that it was a failure of private business was and is a fabricated lie. He also has a book + +I've transcribed it you would rather read than watch and listen; + +>There is hardly any view that is more widespread than the view that somehow or other the Great Depression was produced by the failure of private business. That view is held not only by those who are in favor of greater role of government, it is held by almost everybody! I venture to suggest that if you go to almost any bankers...9 out of 10 of them...would say '*Well of course the Great Depression was a failure of private business. It was due to an overextension, overspeculation of the 1920s, or it was due to an excessive concentration of wealth in the hands of the wealthy at the expense of the poor in the 1920s, or it was due to speculative investment abroad, or what, but it was a failure of private business and governemnt had to step in in order to rescue private business from its own failure.'* Nothing could be farther from the truth. +> +>The Great Depression was produced, in my opinion, ...by a failure of government. By a failure of monetary policy. It was produced by a failure of the Federal Reservce system to act in accordance with the intentions of those who established it. It was produced by a failure by the Federal Reservce system despite the presence of knowledge on the part of many of the people in the system about the right course of action. +> +>It's interesting to speculate for a moment about why this myth is so widespread. The answer is really very simple in this case; private enterprise has no press agents. The free market has no press agents. The government has a great many press agents. The Federal Reserve has a great many press agents. And the Federal Reserve of course would never admit, never proclaim that it produced the Great Depression. On the contrary. We're talking about the way institutions operate. You and I are the same as all the rest of us. We're all the same. The hardest thing in the world is for anybody to admit that he made a mistake. If any one of us makes a mistake, we can always find somebody else to blame. +> +>And if you read...the annual reports of the Federal Reserve system over a 50 year period, there's only one element of humor that lightens that test. And that is; the cyclical fluctuation and the powers of the Federal Reserve. In a good year, when things are good, when the economy is booming, you will read that the Federal Reserve, by its wise policy, by its efficacious management of money, has produced this fine situation. However, let things get bad, and all of the sudden the tone of the annual report is different. Then you discover that despite the best efforts of the Federal Reservce, outside forces combine to produce difficulties. Even at the depth of the Depression in 1933, when in the spring of that year, the Federal Reserve system, which had been established in order to prevent banking panics and keep banks from closing, when the Federal Reserve system itself closed its doors, and you had a banking holiday for 7 days, and when over the previous 3 years 1/3 of the banks of this country closed their doors and went broke, because, in my opinion, of the poor policy followed by the Federal Reserve system. +> +>Even in 1933, if you read the annual report, you will discover how much worse things would have been if the Federal Reserve hadn't behaved so well. +> +>Now as I say, I don't blame the members of the Federal Reserve for that, any one of us would do the same thing, we have to find somebody to blame, but as an objective scholar I can tell you what the facts are. The facts were that from 1929 to 1933, the total quantity of money in the United States, the amount of currency, the amount of bank deposits, what Mr Eccles referred to as M2, declined by 1/3. The total number of banks went down by 1/3. And why did the quantity of money decline? It declined because the Federal Reserve system failed to prevent the decline. The Federal Reserve system could have prevented the decline at all times. There never was a moment during that period when the Federal Reserve did not have the power to prevent the decline in the quanity of money. If it had prevented the decline in the quantity of money, you might still have had a recession, but it would have been a garden variety recession. It would have been over in the middle of 1930 or early in '31 at the latest. It would not have been the major catastrophe, not only for this country but throughout the rest of the world. +> +>Moreover, this is not only hindsight, at all times, the people at the Federal Reserve Bank of New York, and at a number of other banks, were pleading with the Federal Reserve board in Washington to do the right thing. At all times there were people in congress who were arguing that the Federal Reserve system should take a different course. At all times there were outside commentators. One of the Canadian banks was particularly prescient, but there were other commentators who were pointing out the disastrous effects on the American economy, of the restrictive policies that the Federal Reserve system was following,d and which was causing, was permitting and was facilitating a whole series of a series of bank runs. +> +>So the Great Depression was not produced by a failure of business. On the contrary. It was produced by a failure of government and a failure of government in an area in which responsibiliy had been assigned to governments since the founding of this country. The constitution of the United States gives congress the power to coin money and set the value thereof, and it was in the management of this fundamental function of governement that governments failed and produced the Great Depression. +> +>We have learned from that failure. The Federal Reserve will not fail in the same way again. This time it will fail in a different way. (laughter) This time it has been failing, not by producing a depression but by producing an inflation. Because just as you will hear the story that it was business that responsible for the depression, so you will today hear the story that it is labor and management that are responsible for inflation. It is the same kind of a myth. +> +>Inflation is made in one place and one place only; Washington DC. And in Washington DC, the chief source, immediate source of inflation, is a Greek temple on Constitution Avenue which houses the Federal Reserve board. And a major accomplice of course sits in the halls of Congress in Washington. +> +>They are a major accomplice becuse because you tell them to be. The American people have been telling people for many years, '*spend more money on yu, please!'* But they've been telling us, '*Don't raise our taxes!*'. Congress has been listening. It's been spending more money on you, but on the other hand it's been very unwilling to raise taxes. As a result, it has imposed inflation as a tax. That's one tax that you don't have to vote for, but you have to pay. + +&#x200B; + +What an intelligent, rational and empathetic expression of opinion. Whether he's right or wrong, be like Milton. + +Oh, and end the Fed. +I’m going through my own ‘a third’ life crisis. I turn 31 in 2 weeks and my birthday will be the last day at the only ‘real’ job I have ever worked at. I started at this (asx top 50) business at 19 years old on $42k a year and worked my way up to a middle-management gig on $133k. This month thanks to the Coronavirus I have been made redundant. It’s bitter-sweet for me, I’m upset about losing this job, but I am also grateful for the amazing career and opportunities that I have had. My package is significant it’s a combination of a redundancy, long service leave, a prorata bonus and some vested stocks. All in all I will be walking away with about $120,000 after tax. My plan is to tuck the money away in a HISA and live off my wife’s income until I get another job. I guess my question is what next? I have a bit of imposter syndrome I always felt like a fraud in my role like I was no where near qualified to be in that position or earning that much money. Now for the first time ever I’m in the job market and every role I read I feel underqualified for. I dropped out of school and never did any further education. Every role I see that is similar to what I’m currently doing is asking for bachelor degrees etc. Also the job market is shithouse right now and decent offers seem few and far between. I feel like I have to make some big decisions for me and my family’s future but kind of feel like I’m having analysis-paralysis and overthinking everything. Has anyone gone through a redundancy? What advise would you give someone whose a bit lost in what to do next. +So with all the talk of people becoming ludicrously wealthy of RE growth, and with all the high salaries floating around on here (and I also know how many people are not doing well at all in Australia), I wanted to know what your stories are around charitable giving? + +I admit I haven't been as generous as I should considering my earnings, and I want to start giving more to places like Victorian Dog Rescue this year. + +What percentage of your income do you give back to charities or good causes? Do you have any interesting stories to share? + +Note. I know there are taxation perks for charitable giving, but I want to talk about the charity itself, and not how it benefits me. +My wife and I are looking at buying a house soon - and one of the things we'd be considering when looking at houses is 'Maybe we'd want to renovate the kitchen', 'Maybe we'd want to build a deck'. + +Is there some kind of resource that will give us ballpark figures for how much these things cost? Is it $10K or $100K? +Many tax advises for general investors do not work well for those who are in the top income tax bracket and who will still be in the top tax bracket (or one or two brackets lower) after retirement. + +What tax strategies work for this group and what do not? +I’d love to mingle amongst people who suffered true hardship, and didn’t have any safety net on their path to success. Interested to mingle amongst those whose parents were living paycheck to paycheck and yet against all odds they succeeded. People who never stepped a foot outside of state educational system, and took on all the education-related debts themselves. People who had no access to any “network” or any type of funding beyond what banks offer. + +I find it hard to find this type of crowd in the traditional members clubs. I did some research but I can’t find any such association. +What do you guys think about AMD? Their stock took a hit this past quarter, but they are expected to do some big numbers this upcoming quarter, could this propel their stock to triple digits in the future? Is it a buy? Thanks for any advice. +He basically says he wants to fix up trailers and rent them out or resell them. I don’t know much about this but something tells me this isn’t the way to go about this. He’s already purchased signs and got other family members involved. But everyone’s in crippling debt, or have credit issues. What advice can I offer him? +hello + +wondering why so many people say the landlord isn't worth it or hiring a PM isn't worth it and better to sell off rentals and invest in index funds? +A "stock bro", or "stock *breauette*" walks into your store and hands you a bunch of pizzas or drinks or something. And you stand there and thank them. They walk away. + + +You look at your co worker and say. "what the fuck is going on. We have stockholders buying us lunch and goodies and shit? This is crazy". + + +Moass is coming. But the stuff we do in the meantime means more than you think right now. If I was an employee it would seem bizarre but awesome to have this happening to us. Literally no other shareholders of other companies do this. This is how shareholders SHOULD be. They should be invested in the poeple, the wellbeing of the employees, and actually give a damn about what happens to the company you have invested in. This is the start of a big movement that I believe will better the + markets and companies in the long term. I hope corporate sees this and is thrilled something this generous is happening. A happy employee can be 10-20 percent more productive. +There is a really easy way to refute anyone that calls GME a cult, all you need to do is explain to them what the BITE test is, and that superstonk doesnt meet any of the criteria of a cult. + +Chances are, if someone calls superstonk a cult, they dont know what that word means or they have never really interacted with a cult.... + +https://preview.redd.it/z23iiza73c2a1.jpg?width=600&format=pjpg&auto=webp&s=676098b507b2f9b95d836ff1ec7252d9a8fafb2f + +&#x200B; + +What is the BITE Model? Coined by Dr. Steven Hassan, whom himself was once stuck in a cult, the BITE Model is a tool for the Strategic Interactive Approach (SIA) of helping those who need intervention to be removed from a cult. + +TW: there are some very real, and very terrible hallmarks of a cult. I will list them below, as defined by Dr. Hassan and outlined in work by Leon Festinger, [Robert Jay Lifton](https://en.wikipedia.org/wiki/Robert_Jay_Lifton), [Margaret Singer](https://en.wikipedia.org/wiki/Margaret_Singer), [Edgar Schein](https://en.wikipedia.org/wiki/Edgar_Schein), [Louis Jolyon West](https://en.wikipedia.org/wiki/Louis_Jolyon_West) + +More info on the BITE Model available here: [https://freedomofmind.com/cult-mind-control/bite-model/](https://freedomofmind.com/cult-mind-control/bite-model/) + +[https://www.psychiatrictimes.com/view/responding-to-authoritarian-cults-and-extreme-exploitations-a-new-framework-to-evaluate-undue-influence](https://www.psychiatrictimes.com/view/responding-to-authoritarian-cults-and-extreme-exploitations-a-new-framework-to-evaluate-undue-influence) + +&#x200B; + +&#x200B; + +**B**ehavior Control + +1. Regulate individual’s physical reality +2. Dictate where, how, and with whom the member lives and associates or isolates +3. When, how and with whom the member has sex +4. Control types of clothing and hairstyles +5. Regulate diet – food and drink, hunger and/or fasting +6. Manipulation and deprivation of sleep +7. Financial exploitation, manipulation or dependence +8. Restrict leisure, entertainment, vacation time +9. Major time spent with group indoctrination and rituals and/or self indoctrination including the Internet +10. Permission required for major decisions +11. Rewards and punishments used to modify behaviors, both positive and negative +12. Discourage individualism, encourage group-think +13. Impose rigid rules and regulations +14. Punish disobedience by beating, torture, burning, cutting, rape, or tattooing/branding +15. Threaten harm to family and friends +16. Force individual to rape or be raped +17. Encourage and engage in corporal punishment +18. Instill dependency and obedience +19. Kidnapping +20. Beating +21. Torture +22. Rape + +&#x200B; + +**I**nformation Control + +1. Deception:a. Deliberately withhold informationb. Distort information to make it more acceptablec. Systematically lie to the cult member +2. Minimize or discourage access to non-cult sources of information, including:a. Internet, TV, radio, books, articles, newspapers, magazines, mediab. Critical informationc. Former membersd. Keep members busy so they don’t have time to think and investigatee. Control through cell phone with texting, calls, internet tracking +3. Compartmentalize information into Outsider vs. Insider doctrinesa. Ensure that information is not freely accessibleb. Control information at different levels and missions within groupc. Allow only leadership to decide who needs to know what and when +4. Encourage spying on other membersa. Impose a buddy system to monitor and control memberb. Report deviant thoughts, feelings and actions to leadershipc. Ensure that individual behavior is monitored by group +5. Extensive use of cult-generated information and propaganda, including:a. Newsletters, magazines, journals, audiotapes, videotapes, YouTube, movies and other mediab. Misquoting statements or using them out of context from non-cult sources +6. Unethical use of confessiona. Information about sins used to disrupt and/or dissolve identity boundariesb. Withholding forgiveness or absolutionc. Manipulation of memory, possible false memories + +&#x200B; + +**T**hought Control + +1. Require members to internalize the group’s doctrine as trutha. Adopting the group’s ‘map of reality’ as realityb. Instill black and white thinkingc. Decide between good vs. evild. Organize people into us vs. them (insiders vs. outsiders) +2. Change person’s name and identity +3. Use of loaded language and clichés which constrict knowledge, stop critical thoughts and reduce complexities into platitudinous buzz words +4. Encourage only ‘good and proper’ thoughts +5. Hypnotic techniques are used to alter mental states, undermine critical thinking and even to age regress the member +6. Memories are manipulated and false memories are created +7. Teaching thought-stopping techniques which shut down reality testing by stopping negative thoughts and allowing only positive thoughts, including:a. Denial, rationalization, justification, wishful thinkingb. Chantingc. Meditatingd. Prayinge. Speaking in tonguesf. Singing or humming +8. Rejection of rational analysis, critical thinking, constructive criticism +9. Forbid critical questions about leader, doctrine, or policy allowed +10. Labeling alternative belief systems as illegitimate, evil, or not useful +11. Instill new “map of reality” + +&#x200B; + +**E**motional Control + +1. Manipulate and narrow the range of feelings – some emotions and/or needs are deemed as evil, wrong or selfish +2. Teach emotion-stopping techniques to block feelings of homesickness, anger, doubt +3. Make the person feel that problems are always their own fault, never the leader’s or the group’s fault +4. Promote feelings of guilt or unworthiness, such as:a. Identity guiltb. You are not living up to your potentialc. Your family is deficientd. Your past is suspecte. Your affiliations are unwisef. Your thoughts, feelings, actions are irrelevant or selfishg. Social guiltf. Historical guilt +5. Instill fear, such as fear of:a. Thinking independentlyb. The outside worldc. Enemiesd. Losing one’s salvatione. Leaving or being shunned by the groupf. Other’s disapprovalf. Historical guilt +6. Extremes of emotional highs and lows – love bombing and praise one moment and then declaring you are horrible sinner +7. Ritualistic and sometimes public confession of sins +8. Phobia indoctrination: inculcating irrational fears about leaving the group or questioning the leader’s authoritya. No happiness or fulfillment possible outside of the groupb. Terrible consequences if you leave: hell, demon possession, incurable diseases, accidents, suicide, insanity, 10,000 reincarnations, etc.c. Shunning of those who leave; fear of being rejected by friends and familyd. Never a legitimate reason to leave; those who leave are weak, undisciplined, unspiritual, worldly, brainwashed by family or counselor, or seduced by money, sex, or rock and rolle. Threats of harm to ex-member and family + +&#x200B; + +As you can see from the above list, Superstonk and GameStop investors do not meet any of the core 4 requirements of a cult. Not even close... + +So don't get upset when someone says you are in a cult, just educate them on what a cult actually is. + +This sub is a bastion of free speech, free investing, free markets, and peer reviewed information dissemination. +Just trying to add to the positivity posts! We will all be fixing the world in the near future, might as well start small now! Enough of the butt stuff, we all do that anyways. Pics will be posted if we reach this. Remember, today's the day! And if it's not, it's tomorrow! Been hodling for about a year now, don't let any of the noise distract you, this time feels different! + +See all of you Apes on the moon! + +EDIT - I have completed my mission! [https://www.reddit.com/user/natertot11x/comments/qm5inn/i\_made\_my\_compost\_gme\_to\_the\_moon/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/user/natertot11x/comments/qm5inn/i_made_my_compost_gme_to_the_moon/?utm_source=share&utm_medium=web2x&context=3) + +I think this link will take you to my post. I am just a smooth brained Ape so someone let me know! + +&#x200B; + +&#x200B; +I work in England as a permanent employee. I have handed in my notice, and I will be still in my notice period when bonuses are paid (End of July) + + + + +My contract states "You will only be eligible for consideration for a bonus if you remain in Employers employment and neither party has given notice of termination for any reason prior to payroll cutoff during the month the bonus payment is made" + + + + + + +This is fair enough, and I factored this in when I resigned. + + + +. + + + + +HOWEVER, a friend in HR in another company told me that although this is a common clause, people challenge it and are very often successful in still getting their earned bonus. + + + + + +Does anyone have experience of this situation? + +I will have worked for the full year that the bonus relates to. + Hello, + +Let's go straight to the point. + +Apple announced in 2020 that they plan to increase the level of privacy of the iOS users, with the release of iOS 14. What does that mean concretely? + +\--> As soon as you open a new app, they will ask with a pop up "Do you allow this app to track you across different apps". We expect that 10 to 20% of the users will say yes. Bumble officially said while filing their IPOs that could be a major risk for them, to do proper analytics on their users. + +Therefore, all the apps relying on paid acquisition, won't be able to track where you are coming from, and if you are a rentable user. Therefore, it makes it even harder to create profitable user acquisition campaigns on mobile. Those who will suffer from it are casino, midcore, casual games, as well as all the apps relying on paid subscriptions. It will provoke a drop of eCPMS (price per 1000 impressions of ads), as there will be less demand on the ad networks. + +Certain networks will suffer more than other, but the biggest one is Facebook. + +99% of the revenue of Facebook is coming from ads. It means that they will still be able to do targeting on Facebook itself, but not on the networks of apps that run ads (like all the games). Facebook is a key player in this industry, and this will certainly provoke a drop in terms of revenue (9M businesses are relying on their ad network). They officially said that IDFA change (this iOS privacy update) " Could Have A Material Business Impact". + +Apple postponed their measure to Q1 2021, but this will come. + +Google usually follow suit with these kind of measures. + +TLDR : Significant drop in terms of ad revenue on mobile due to the new iOS privacy change. It will prevent targeting and tracking of the users. Facebook will suffer from it like crazy, as well as other ad players such as Unity, Ironsource (IPO soon) or Applovin (IPO soon), and apps Bumble (IPO soon). + +Play : Wait for Q4 Revenue of Facebook. Then short Facebook until next quarter, when the measure will show its impact + +Thoughts ? +I've been lurking r/thetagang since October of 2020 and it seems the majority of us are trading a sub 100k account. + +I'd like to hear how people would trade or are trading account with an account value of a million or more. + +What strategies would or are you using? what underlying's would/are you trading?, how many dte? etc + +Thanks bros +When using the 30-45 dte strategy and you make 50% within the first few days and close to make profit when do you usually open the new CC. Do you wait for a green day or volatility to go up? Do you just re-open right away and adjust your strike. I recognize that there isn’t a cookie cutter answer and you have to re-evaluate each trade, just curious what most people find works for them? +Want to deploy some capital for wheeling. That said, most suggestions I find are either <$40, thus premiums are too low for my liking, or >$70 (e.g. AMD, etc.) which is outside of my budget. + +Ty! +https://preview.redd.it/hfcxlcj4zrs91.jpg?width=1681&format=pjpg&auto=webp&s=58d0f9c61033ff3542172d9a11122f890a346fa9 + +link where you can find this deposit info.[https://tsdr.uspto.gov/documentviewer?caseId=sn97229845&docId=APP20220124092333#docIndex=1&page=1](https://tsdr.uspto.gov/documentviewer?caseId=sn97229845&docId=APP20220124092333#docIndex=1&page=1) + +&#x200B; + +## Trademark/Service Mark Application, Principal Register + +**Serial Number:** **97229845Filing Date:** **01/20/2022** + +Downloadable software for enabling users to receive, accept, view, purchase, sell, and exchange non-fungible tokens (NFTs); downloadable mobile application software for facilitating financial transactions; downloadable software for enabling collectors of non-fungible tokens (NFTs) to join online communities; downloadable game software; digital materials, namely, non-fungible tokens (NFTs) featuring cryptocurrency; downloadable computer software for managing cryptocurrency transactions using blockchain technology; downloadable electronic data files featuring artwork, text, images, audio, video and non-fungible tokens (NFTs); downloadable cloud-computing software for decentralized applications and other blockchain related technologies; downloadable video recordings featuring sports highlights, movie clips, television clips and memes authenticated by non-fungible tokens (NFTs); downloadable image files containing artwork, movie and television images and memes authenticated by non-fungible tokens (NFTs); downloadable virtual goods, namely, computer programs featuring avatars, clothing, pets, vehicles, weapons, tools, toys, emotes, and gestures for use in online worlds and virtual environments; downloadable motion picture films featuring entertainment, action, adventure, dramatic, comedic, children's and documentary themes and musical performances + +This description includes many products, but all these products need to find a place to be viewed and bought, if only there was a platform that makes NFT buy and sell with really low gas costs would that be nice? + +&#x200B; + +https://preview.redd.it/9hsnzpg54ss91.jpg?width=746&format=pjpg&auto=webp&s=a9f537d1c8d5415d5554865ee6d7e7bd8b439e61 + +&#x200B; + +https://preview.redd.it/2zzsz0974ss91.jpg?width=743&format=pjpg&auto=webp&s=96305bace47370a0abb3d40b7d01dbe5feda6530 + +TLDR and Speculation: +BlockBuster is coming back and they will start in an NFT market.Gamestop and their NFT market will be the basis for blockbuster products. + +There have been tweets between blockbusters and Ryan C. that make this speculation more plausible and concrete. Zombies return by allying themselves with someone who has no intention of selling out and failing 🏴‍☠️😎 + +The stars and planets line up, and I want to quote 2 phrases that a great man said: + +\- "The best time to be alive in human history is now" + +\- " As my dad would say: Buckle up! " +I would just like to share my entire journey as I tracked my entire financial journey religiously for the past 5 years. In addition, I would also like to share my background to give everyone the how my upbringing shaped me as a person regarding regarding the focus on finances and such. + +[Nice Looking Graphs](https://imgur.com/a/OCPX7Zj) + +[More Nice Looking Graphs](https://imgur.com/gallery/SQqBIp2) + +**TL;DR**: Born in China and immigrated to Canada when I was 5, where I lived for 12 years and then immigrated to US w/ my family and went to school for petroleum engineering. Graduated right at the crash of the oil industry, so went back for PhD in mechanical, but left early to work for a manufacturing company in the Midwest US by graduating with MS. + +26 years old (turning 27 this October), single, in MCL in Midwest. I will list my income numbers, net worth by end of each year and job titles below. + +**Annual Income / Net Worth / Job Title** + +* 2014 - Mid-2016: $8,000 /\~$1,000 / Part-time Cashier +* Late 2016: $13,000 / $14,479 / Graduate Research Assistant +* 2017: $27,000 / $32,797 / Graduate Research Assistant +* Mid-2018: $19,000 / $34,106 / Graduate Research Assistant +* Late-2018: $46,000 / $56,048 / Systems Engineer +* 2019: $96,000 (due to OT) / $112,412 / Systems Engineer +* 2020: $87,000 / $185,656 / CPE Engineer +* Present: $90,000 / $221,459 / CPE Engineer +* Will start as $92,500 + profit sharing = \~$97,000 in June as a Senior CPE Engineer in mid-June + +**What I learned throughout my journey**: + +1. Don't trust what your college orientation department chair tries to present when they try to persuade you to join their major. When I was in the orientation, I chose petroleum engineering b/c they said 100% job placement and salary was high. That was in 2012, when crude oil was $120/barrel. When I graduated in 2016, there was no jobs in the O&G industry, since in 2015, there was over 100,000 layoffs in the O&G industry due to the price collapse. In hindsight, I should have done more research than to trust the college department chairs. +2. Learning finances is important and will definitely put you ahead of the game if you learn early. Early mistakes, such as playing with stocks increases tolerance to risk especially if you make sure to minimize your allocation. By forcing myself to learn finance, I got good at it and helped me make the right decisions after college. +3. Make sure you are always learning, especially if you are in a decreasing industry. I am going to start a MS in CS part-time starting this fall, since my industry is slowly dying in US and I saw what happened to other industries that didn't try to adapt (ig. O&G). +4. In general, during your college years, it will be better to move out of your home if you can afford it, so it forces you to make more friends. However, preferably you go to a state school, so that you would not be paying an insane amount of money. However, I don't recommend to go to a community college unless you are in a financial predicament. You don't make much friends in community college and getting a job requires a network. The network you can build in college is much larger if you have 4 years over 2 years. I do recommend to take as many AP classes as you can though. + +**My upbringing**: + +I was born in China to a fairly upper middle class family. My dad was a Chemical Engineer and my mom was an accountant. However, my family thought that competition in China was way too fierce, so they decided to immigrate to Canada. (US at that time was too difficult) Even now, most students in China study about 6 hours/day outside of school starting from grade 1. + +He finished a PhD in Chemistry in Canada. During this time, we moved about every 3-4 years, basically every time my dad got a new job. During this time, my family was definitely poor. My dad's annual salary during the beginning was about $22,000 CAD for a family of three. All the money saved in China was still nothing compared to COL in Canada, so it was struggle. Basically, I grew up wearing patched up socks, not asking for any gifts. + +I still remember that for my birthday presents, I would ask to to go to a restaurant so that I could let my family have an excuse to spend some time to enjoy good food. It was really just a struggle until I went to HS, where I noticed that we were not renting anymore and lived in a condominium in the penthouse. Eventually, my dad moved to the US, since the competition in Canada was too fierce due to the constant influx of high skilled immigrants. He got a 40% raise, so my family later moved there with him after he built a house with a contractor. + +I went to the average state university in the town, since the better college that I did get accepted into costs about $20k more in tuition + I had to pay another $10k for room and board. I decided to live at home and save money. I didn't really have much of a life during university, since I studied full time and did chores at home to live for free. Fortunately, my family helped with tuition and paid about $22k, so that I would graduate with no debt. In addition, my parents gifted me a free car (worth about \~$12k) when I started grad school. Before everyone says wow, the agreement I have to 10% of my after-tax income until I have a family and then 3-5% indefinitely. For reference, I have already paid back $21k. Eventually, when I finished grad school, I moved out. + +**Present**: + +I now WFH since of Covid-19. I prefer a hybrid approach, since my commute is only \~20 minutes and the office was newly renovated just 3 years ago. I don't really spend a lot of money each month, since I am fairly frugal. The only major expenses that I recently did start is Betterhelp for Therapy. Once I formally join my company, I expect to find another therapist that could be covered by insurance, so I don't pay $288/month for it. I invest about 50% of my after-tax income now. I am also preparing to start a part-time MS in CS this fall, so hopefully that will go well. + +**Current Monthly** **Budget Breakdown**: + +1. Rent: $680 (live with a roommate) +2. Medical: $318 (therapy + short-term medical insurance + dental) +3. Grocery: $285 (pretty much the same) +4. Tuition: $200 (had to take pre-req classes for MS in CS) +5. Transportation: $169 (usually $250 with no pandemic) +6. Personal: $100 (fluctuates) +7. Subscription: $60 (internet + Youtube premium) +8. Restaurant: $50 (due pandemic) +9. Set Aside for parents: $592 + +**Job Progression:** + +During college, I was not very good at applying to internships. Due to the oil crash post 2014, I could not get an internship. Therefore, I only worked a part-time job as a cashier in an home improvement store since it was the only job I could get at the time. When started grad school, I basically worked in an emissions research lab, which provided valuable experience. + +I managed to get a contract system engineer job right out of college. It had no benefits, vacations, but since I was only 23 at the time, I could still stay on my parents insurance. During this time, I worked 3 different positions in 3 years. I was a W2, so the company did pay the taxes. + +Eventually, my client in the large company suggested the idea of conversion and since I turned 26, I had to pay for insurance, which was fairly expensive for catastrophic short term plan. I used this to negotiate a raise, which I did receive in addition to benefits. The new company also offer tuition reimbursement, so that should also help me. + +**Next Steps**: + +I am hoping to finish the MS in CS in 5 years, since I don't think I can juggle more than one class/semester and workload. This is more of an insurance policy after getting burned in the O&G industry. Perhaps, it is also the time to spend more time finding a SO, but that is outside the scope of this post. + +**Edit 1**: + +Thank you everyone who gave me awards. + +**Edit 2**: + +I think I managed to finish replying to all the comments. I will probably check up on this tomorrow if there is more questions. + +**Edit 3**:I added more graphs, since everyone commented on my graphs. Everything is done in Excel :) + +**Edit 4**: [https://drive.google.com/file/d/1lLTCQ5OenXQI6fertwuPiisyd8rYnYcb/view?usp=sharing](https://drive.google.com/file/d/1lLTCQ5OenXQI6fertwuPiisyd8rYnYcb/view?usp=sharing) Link for Excel document (generic). You will have to download as excel workbook for pivot tables to work. +Facebook parent [Meta](https://www.cnbc.com/quotes/META/) reported earnings after the bell. Here are the results. + +Earnings per share (EPS): $1.64 vs $1.89 expected, according to Refinitiv + +Revenue: 27.71 billion vs. $27.38 billion expected, according to Refinitiv + +**Wall Street is also watching other key numbers in the report:** + +Daily Active Users (DAUs): 1.98 billion vs 1.98 billion expected, according to StreetAccount + +Monthly Active Users (MAUs): 2.96 billion vs 2.94 billion expected, according to StreetAccount + +Average Revenue per User (ARPU): $9.32 expected, according to StreetAccount + +Facebook’s parent is contending with a broad slowdown in online ad spending, challenges from [Apple’s](https://www.cnbc.com/quotes/AAPL/) iOS privacy update and increased competition from TikTok. Add it up, and Meta is expected to post its second straight quarter of [declining sales](https://www.cnbc.com/2022/07/27/facebook-parent-meta-earnings-q2-2022.html). + +Although Meta is investing heavily in its Reels short-video service to steer users away from TikTok, the product is in the early days of generating revenue and isn’t as lucrative as Facebook’s core features, like Stories and the newsfeed. + +Meta is trying to make Reels more attractive to advertisers and has announced new ad formats intended to give businesses enhanced options for promoting their products through short videos. The company also recently [debuted](https://www.cnbc.com/2022/10/04/facebook-is-selling-ads-in-new-places-on-instagram-and-whatsapp-.html) new ways for companies to advertise on Instagram and Messenger, padding its overall ad inventory, which could potentially bolster overall sales. + +Still, the stock is down 62% for the year, more than double the drop in the Nasdaq, and analysts are skeptical of the company’s prospects through this year and into 2023. + +Bank of America recently downgraded Meta from buy to neutral and said in a research [note](https://www.cnbc.com/2022/10/24/bank-of-america-downgrades-meta-says-lower-ad-spending-could-hurt-reels.html) that “we expect advertiser budget cuts in early 2023 to weigh on sentiment and drive added uncertainty” following the Apple update and the “Reels transition.” The firm said it expects 4% growth in 2023, below Wall Street estimates of 9%, and sees “some downside risk to our estimates in a recession.” + +Investors will also be focused on Meta’s user numbers, which have stagnated. Most concerning are the user figures in the U.S. and Canada, its biggest region for revenue.   + +In the second quarter of 2022, Meta counted 197 million daily active users in those two North American countries, down from 198 million in the same quarter in 2020. + +Meanwhile, Meta is investing billions of dollars a year into the metaverse, the yet-to-be developed digital universe that people can access with virtual reality and augmented reality headsets. + +Earlier this week, Meta shareholder Brad Gerstner of Altimeter Capital wrote an open [letter](https://www.cnbc.com/2022/10/24/altimeter-capitals-brad-gerstner-calls-on-meta-to-slash-headcount.html) to Meta, lambasting the company for employing too many workers and spending too much money on the metaverse. + +The firm recommends that Meta reduce its head count by 20% and trim its metaverse investment to a maximum of $5 billion a year. Meta’s Reality Labs unit [lost](https://www.cnbc.com/2022/02/02/meta-reality-labs-reports-10-billion-loss.html) more than $10 billion in 2021. + +“Meta needs to re-build confidence with investors, employees and the tech community in order to attract, inspire, and retain the best people in the world,” Gerstner wrote in the letter. “In short, Meta needs to get fit and focused.” + +On Tuesday, [Alphabet](https://www.cnbc.com/quotes/GOOGL/) reported weaker-than-expected results and said [YouTube advertising revenue](https://www.cnbc.com/2022/10/25/youtube-shrinking-ad-business-ominous-sign-for-online-ad-market.html) dropped 2% from a year earlier to $7.07 billion in the third quarter. Ruth Porat, Alphabet’s chief financial officer, said the decline “primarily reflects further pullbacks in advertiser spends.” + +Source: [https://www.cnbc.com/2022/10/26/facebook-parent-meta-earnings-q3-2022.html](https://www.cnbc.com/2022/10/26/facebook-parent-meta-earnings-q3-2022.html) + +Banks are the biggest scams in the world. + +They are giving you you interest rates of 0.06% for your money but if you want a loan you need to pay them 10% interest on average. + +On crypto, you can easily get 6% interest on stable coins - probably more. And lending is so much cheaper. + +I get that some people might think stablecoin staking / defi isn’t as secure as banks. It might be true, but if we want change we must take a leap. + +Do you stake stable coins? If so, where and which one? + +^the ^numbers ^are ^just ^averages. ^You ^most ^likely ^will ^be ^able ^to ^get ^better ^rates. +Sort by new. 1 post 1 minute ago. Another 4 minutes ago. Next one is 6 minutes ago. 30k apes online as we speak. There's no way we all just went mute. No Daily Discussion thread. Wtf is happening? Is it the mods? Reddit itself? I'd be surprised if anyone even sees this post at this rate. +Whether things are going up or down , you just feel the constant pressure on your mind . You have to make so many decisions everyday in this market , but you have no idea about it . should I sell ? should I buy more ? what if this is the top ? what if I'm wrong about this ? +This doubt , uncertainty and constant anxiety are killing me . +I feel like my mind is a CPU that 80% of its capacity is used at any moment with thoughts about the crypto market . +There are always many huge gains that you're missing . + +Feeling regrets about coins you sold but went 100x after that . +Feeling that everybody got rich , even the most stupid people you know got rich by some random meme coins , without knowing a thing about bitcoin or blockchain , but you didn't . Even though you put so much more time and effort than them , been longer here , learned more than them about crypto , but it was all for nothing . + +yeah , I made some money off crypto and I'm not ungrateful , but it's nothing compare to huge gains of many people that I know . +It's not all about money , It's more about how I'm feeling about myself . I feel like a coward loser . +I didn't use this great opportunity properly and I'm afraid that I might never see something like that again in my life . +Here's a really simple method to estimate the amount of shares that retail owns in GME, in the [spirit of a Fermi estimate](https://www.lesswrong.com/posts/PsEppdvgRisz5xAHG/fermi-estimates). Summed with [the 13f/g filings](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.59.0), this gives a lower bound on the total number of shares currently in circulation as well as the short interest. Therefore, figuring this out would be great to help convince skeptics and shut down shills/FUD. + +The general approach I take in this document is to try to estimate the fraction of all shares held by retail from a few different sources. From this we can then divide the known institutional holdings to get some estimate of how big retail is. + +# Retail market share according to FT + +[According to the Financial Times](https://archive.is/drLS7), retail market share has been growing significantly in the last 2 years and is now the second largest source of all trading volume after high-frequency trading (HFT). Based on their chart, I got the following numbers + +| | Market Share % | +|--:|:---| +| HFT | 45 | +| Retail | 23 | +| Quants | 13 | +| Hedge funds | 8 | +| Banks | 5 | +| Mutual Funds | 6 | + +[Here's the same data in a pie chart:](https://docs.google.com/spreadsheets/d/e/2PACX-1vSKfRL8EeXpZoCIe3ITFCsuHga-0AEAnPajpc6W8HqHMye7-INtn1MLDv5RShMr3HpIDCNAA34LeZ7I/pubchart?oid=1076768830&format=interactive) + +https://imgur.com/a/nkSdlG6 + +But the market share with HFTs is misleading; while they make a large volume of trades HFTs don't hold their positions very long. [According to Deustche Bank,](https://web.archive.org/web/20170529002243/http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000269468.pdf) + +> Typically, a high frequency trader would not hold a position open for more than a few seconds. Empirical evidence reveals that the average U.S. stock is held for 22 seconds. + +When we exclude HFTs, **retail is the biggest whale in the stock market** + +| | Market Share % (Excl HFT) | +|--:|:--| +| Retail | 41.8 | +| Quants | 23.6 | +| Hedge funds | 14.5 | +| Banks | 9.1 | +| Mutual Funds | 10.9 | + +[Again, in a pie chart:](https://docs.google.com/spreadsheets/d/e/2PACX-1vSKfRL8EeXpZoCIe3ITFCsuHga-0AEAnPajpc6W8HqHMye7-INtn1MLDv5RShMr3HpIDCNAA34LeZ7I/pubchart?oid=1176366613&format=interactive) + +https://imgur.com/a/2MujZuS + +This suggests that a typical security has **40% retail ownership on average**. + +# Retail market share according to Fidelity + +Since I don't have a Bloomberg terminal, we can check the 40% estimate using Fidelity's ownership data. [Here's AAPL](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=AAPL): + +https://imgur.com/a/NOgksLG + +My assumption is that "Other" is mostly retail implying AAPL has about 38.2% retail ownership. + I collated this data for a bunch of other types tickers of tickers below; + +## Mainstream stocks + +First, I looked at some boring mainstream stocks to get a baseline estimate. These are generally safe investments that slowly go up-and-to-the-right over time: + +| Ticker | Other % | +|--------:|:--------| +| [AAPL](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=AAPL) | 38.2 | +| [WMT](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=WMT) | 31.6 | +| [SPY](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=SPY) | 36.5 | + +To me around 1/3 retail ownership seems consistent with FT's numbers. + +## Cult "Meme" stocks + +These are companies with solid fundamentals and a great story that have lots of traction on social media and tons of retail buying. [They hit the top of Fidelity's top orders every day](https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml) and are popular on WSB: + +| Ticker | Other % | +|--------:|:--------| +| [TSLA](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=TSLA) | 52.1 | +| [PLTR](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=PLTR) | 73.9 | +| [BB](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=BB) | 54.7 | + + +Again we see numbers between 50-75%, which suggests above average levels of retail buy in. + +## Pump and dumps + +And then there's the pump&dumps. We've seen lots of these hit WSB rapid fire since the rise of GME in some futile effort to break retail. You know what they are: weed, silver, ... All of them pumped to high hell by the Motley Shill and summarily dumped on the poor fools greedy and dumb enough to buy in: + + +| Ticker | Other % | +|--------:|:--------| +| [SNDL](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=SNDL) | 99.9 | +| [PSLV](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=PSLV) | 89.7 | +| [NOK](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=SNDL) | 95.7 | + +*GUH!* those are some heavy bags. SNDL doesn't even have a board any more! At 99% retail ownership, it's just worthless paper with no insiders or institutions or connection to a real company. Fuck the WSB mods, the Motley Shill and Robinhood for pushing this garbage on people. + +## AMC, KOSS and GME + +Finally there's the big 3. I grouped all of these together because they are the same 3 securities [implicated in the Apex Cartel price fixing conspiracy](https://old.reddit.com/r/Superstonk/comments/mq4gfi/sec_filing_merger_with_brokarage_detailing/). They've all traded more-or-less the same since January, though AMC has recently begun to break out of the pattern: + +https://imgur.com/a/q96E6Wr + +Isn't it strange that our beloved GME trades exactly the same dip-for-dip, peak-for-peak as [a company that makes mediocre headphones](https://www.koss.com/)? + + +| Ticker | Other % | +|--------:|:--------| +| [AMC](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=AMC) | 79.2 | +| [KOSS](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=KOSS) | 68.3 | +| [**GME**](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=GME) | **0.1** | + +Given the extreme interest, no surprise AMC is at 79% and KOSS around 68%. **BUT WHAT THE FUCK IS GOING ON WITH GME**?! 0.1% of GME is only 70000 shares. **DFV ALONE HAS MORE THAN TWICE THAT MUCH**. Clearly this number is totally wrong. + +# Estimate of the REAL retail ownership + +Given the fraction of all shares owned by retail and the size of all institutional holdings we can compute the number of synthetic shares as a % of the total shares outstanding. Here's a quick table I put together for reference: + +https://imgur.com/a/wNMYBHf + +According to the [latest Bloomberg terminal drop](https://old.reddit.com/r/Superstonk/comments/mwdqyh/22042021_gme_bloomberg_terminal_information/), institutions have at least 110% of all shares outstanding. So: + +* If retail has 40% (like AAPL), then 83% of outstanding shares are short. **58.1 million shorts in total** +* If retail has 50% (like TSLA), then 120% of outstanding shares are short. **84 million shorts in total** +* If retail has 70% (like AMC), then 267% of outstanding shares are short. **186.9 million shorts in total** +* ...and if retail has 80%, then *450% of outstanding shares are short*. **315 million shorts will need to cover** + +Conclusion: **Retail is leviathan**. And shorts r fuk + +---- + +**EDIT** Fixed some typos. For clarification the calculation in that table is purely mathematical. We have two independent variables: + +* I_o = % of *outstanding* shares held by institutions +* R_c = % of *circulating* shares held by retail + +Note that circulating and outstanding shares are not the same thing due to shorts or "synthetic longs". We want to compute the number of these shorts, which is (circulating shares) - (outstanding shares). I assume retail ownership is linearly proportional to institutional ownership. We can solve for the size of retail holdings in outstanding shares, R_o, starting from the definition of R_c + +R_c = R_o / ( R_o + I_o ) + +Giving + +R_o = R_c * I_o / ( 1 - R_c ) + +To get the amount of shorts as a % of shares outstanding we can sum R_o and I_o then subtract 100%. +We knew that SHF has shorted GME a multiple time above the the total outstanding using different data point extrapolation. I wonder if anyone has tried to estimate the short interest using the recently Credit Suisse, Ortex and Prime Broker data. It's rough, simple and not concise while it provides a relatively reliable directional estimation. + +# TLDR: The short interest is likely above 1.25bn shares + +I used most of the data from this Bloomberg article:[https://www.bloomberg.com/opinion/articles/2021-04-27/even-after-archegos-credit-suisse-bankers-still-love-hedge-funds](https://www.bloomberg.com/opinion/articles/2021-04-27/even-after-archegos-credit-suisse-bankers-still-love-hedge-funds) + +&#x200B; + +[Credit Suisse trimming its prime brokerage business and Huge spike in the lending of GME? What a Cohencidence !?](https://preview.redd.it/z6b0e72zfvw91.png?width=985&format=png&auto=webp&s=ccb319f674f3db028489cbb8eed2558ba2507926) + +Prime brokerage is a lucrative business for banks(estimated $30 bn for 2020) and according to the article Credit Suisse **ranked fourth in the league table and had 8% of the market share by the number of hedge fund client.** + +"Unsurprisingly, the business of providing stock lending, leverage and other specialist prime services is dominated by U.S. investment banks. Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. serve almost half of the market, according to figures compiled by research firm Green Street and Bloomberg Intelligence. Credit Suisse, the biggest prime brokerage loser from the Bill Hwang debacle, ranked joint fourth in the league tables, alongside BNP Paribas SA, which has spent the past year and a half integrating Deutsche Bank AG’s unit after agreeing to purchase it in 2019. " + +Usually, HF would have several prime brokers for their trade execution. We have more stats from the article "That caution probably reflects both Man Group’s size and its location. The figures compiled by Aite Group suggest hedge funds with more than **$5 billion under management have, on average, more than five prime brokers, compared with about three for those managing $500 million to $1 billion, and fewer than two for those overseeing $100 million or less. Moreover, U.K. hedge funds of all sizes have about five prime relationships, compared with an average of about three for U.S. funds.** " + +Also remember how Goldman and Morgan Stanley front ran and unloaded Archegos' Position and leaving the toxic bag to Nomura and Credit Suisse. + +[https://www.bloomberg.com/opinion/articles/2021-03-29/bill-hwang-s-archegos-was-a-wall-street-disaster-waiting-to-happen](https://www.bloomberg.com/opinion/articles/2021-03-29/bill-hwang-s-archegos-was-a-wall-street-disaster-waiting-to-happen) + +https://preview.redd.it/bfgc13gmnvw91.png?width=628&format=png&auto=webp&s=a5bfd667be7d44e90c9e8ae6c0f13be13ea15322 + +&#x200B; + +https://preview.redd.it/krwbnn2qnvw91.png?width=621&format=png&auto=webp&s=3c376e9d63b44ff9f5f528512fae982b659d635f + +While it's logical to think that the **100m share increase from Ortex data maybe due to the Credit Suisse being unable to hide the toxic bag from public view**, it's also right to say **there're a lot more GME shorted hidden by other prime brokers whom are used by the same SHF to short GME at the moment.** + +&#x200B; + +&#x200B; + +https://preview.redd.it/gn3jciayrvw91.png?width=625&format=png&auto=webp&s=b1480704f5482291eecec77916a0af50a49566e2 + +https://preview.redd.it/1suf1yzmpvw91.png?width=448&format=png&auto=webp&s=8e6a8c364e4f998fc5cf42bdccb9d1a8038e76f5 + +[How much bag holding do Goldman and Morgan Stanley have? Give me the fuking Tendies](https://preview.redd.it/7wi7pf4ygvw91.png?width=592&format=png&auto=webp&s=4bb634493b9b477990aafda90ebecdeeeec35a70) + +Assuming **Credit Suisse only holding 8% of all GME short**? + +And roughly **100m GME short increase on 27th October**, on a day which Credit Suisse delivered a disappointing Restructuring plan and share price plunged 20.04%. + +So we have **100m/8% = 1.25 bn shares shorted**! Matching what the GME parabolic guy said. + +[https://twitter.com/YahooFinance/status/1586009235342725120](https://twitter.com/YahooFinance/status/1586009235342725120) + +He is a wall street veteran and I'm sure he deliberately didn't emphasize it's number of share or dollar amount on purpose. It's a low level mistake that even junior analyst won't make. + +The rocket is ready to be launched. $30 is a joke and we're naming the price not them. Just HODL, SHOP and DRS. We will be reaching Uranus and beyond. +Basically what the title says. Just wanted to do a quick post on this topic, since so many people are worried about the cost of property in the cities that they've forgotten how big this country is. That's right, there is far more to Australia than the 3 major cities, and moving away from one is not the equivalent of living in the middle of nowhere. + +I live in Mackay. It's a small city of 80k people, half way between Brisbane and Cairnes. My backyard is the Great Barrier Reef, I have everything I need in the city with shopping centres (that's right, plural), beaches everywhere (literally everywhere! Mackay has DOZENS of beaches) that aren't crowded with people, we have 5G, we have the same internet speeds, we have plenty of work in Mackay and around the region, loads of parkland, and did I mention the beaches?? + +Yes it gets hot up here, but its Australia - everywhere is hot. We have air-conditioning, big enough back yards that almost anyone can put a pool in, and again... BEACHES! + +You can [buy](https://www.realestate.com.au/property-house-qld-north+mackay-138147446) a 4 bed, 2 bath house on 800m² blocks for under $600k people! 15 minutes from the CBD! + +No, it's probably not going to go up $200k in a year like some houses in the capitols are doing currently - and to that, I ask: Is it about making money? Or is it about owning a home? I know I'd rather have my foot in the door with a tangible asset than keep getting my deposit outpaced like a pipe dream by rising house prices. + +And finally, I'd just like to add: This isn't for everyone. I'm sure there's going to be some people out there where this just isn't an option, so to those people, R.I.P., but to everyone else, come see what it's like to live out of the city. You won't be disappointed! + +ETA: I'm not very financially literate, if the post didn't make it obvious lol, but hear me out here. + +For the housing bubble to burst down there, there has to be a catalyst of some sort, right? + +That catalyst has to cause the people to decide that the houses down there aren't worth the money that's being asked of them. + +Why can't that catalyst be people deciding to buy homes further away from, and out of the cities? + +Edit2: just added the link to the 4 bed, 2 bath house on 800m² for under $600k. +Long story short: CommBank decided to close my wife’s CommBank account and ban her from having any CommBank products in the future. This was sudden and out of the blue as she has a pristine financial record and excellent credit score (864). Bank wouldn’t tell the reasons for their decision but my wife suspects this might have been because about a year ago she had partnered up with a lady to register an online shop. The company never actually did any business, and was terminated earlier this year. Apparently that lady’s husband was charged for money laundering case and the lady’s bank accounts have been frozen. Obviously my wife is absolutely clean in this case that’s why we try to involve AFCA to ask CommBank to reverse their decision. Today we received a reply from CommBank. They said their decision is firm but are offering us $1000 as a compensation. We still have an option to continue to find resolution through AFCA. Do you guys think it’s worth trying? Can AFCA somehow make CommBank reverse this decision? What are the odds? + +Thanks for any tips. +36 single female. I work a less than $15/hr job. I really enjoy it and get lots of OT. But my checks are between $400 and $1000 after taxes, health(173.85) dental(7.00), mortgage(150.03), and $49.97 savings, 15% Roth 401k. Biweekly. + +Monthly bills: +Property tax: $125 (sinking fund) +Insurance: $131.59 (house & car) +Internet: $74.99 +Electric/gas: $100 +Water: $150 +Living: $350 (cat, food, gas, miss) + +I live comfortably frugal and my house will be paid off in October (foreclosure bought for $45,000 after 08 housing bubble burst) but I only have about $100,000 in retirement. I max out Roth IRA every year and in years I have a HDHP available I max out my HSA. My employer matches 25% if I put in 6% but it gets matched in an ESOP plan. Most of my funds are Roth and in VTSAX & vanguard TR2055. + +I live off about $12,000_$15,000 a year very comfortably but I understand my costs will be higher in retirement. + +I keep hearing by the time I retire I'll need between 1 & 3 million I'm not sure if that's even possible or necessary on my income. Any thoughts? + +>Clarifications based on comments + + I have a $10,000 Emergency fund. + +I understand everyone thinks I should make more money but my question is really about what moves I should make to utilize the income I have well and set myself up for a realistic retirement. + +Upon looking into health care costs current medigap plans can be between $1,500 and $3,500 a year and average health related costs in retirement are 387k not including Long term care. So I definitely need to up my projected income needs. +As the title says, what is the disadvantage, if any, in using a fund like vanguards NJ Long-term tax-exempt fund (VNJTX) (I happen to live in NJ) or the like? +Historical returns are about the same as a normal bond fund, but are tax exempt both at federal and state level. +Seems like an obvious winner for cash like holdings over normal bonds, but I rarely see it talked about. +Am I missing something that makes a fund like this no a no go? +Think the idea mentioned in this previous thread https://www.reddit.com/r/UKPersonalFinance/comments/r1bks6/time_for_a_second_chart_salary_brackets_and_what/ is a cracking one. + +I've had a crack at putting something (very) rudimentary up, literally 45 minutes worth of work, but would love to get feedback and/or (ideally) direct fixes/additions/contributions as pull requests to https://github.com/mzjp2/uk-income-brackets. + +Site here: https://uk-income.zainp.com +I made a [**spreadsheet to calculate returns from investing in Roth and traditional versions of 401ks and IRAs**](https://docs.google.com/spreadsheets/d/1VZ4wKbUXdc8VA0mG4ri2wP9VuZCwae7b9MvA4u2HT7w/copy). I did this because it's a recurring topic of confusion on the part of newbies (which is totally understandable) but also of debate among well-meaning people. + +One piece of traditional wisdom has been that it's largely a wash, relying on commutative arithmetic with tax rates and an often-uncommunicated assumption that those rates won't change during the lifetime of the saver/retiree. Another is that one should use traditional accounts to improve tax efficiency anyway, and that the *rest* of it is a wash. As I hope the spreadsheet helps to make clear, these are (at least often) untrue, and the devil's in the details. + +I used the spreadsheet to test out some of my own ideas, which generally skew in favor of Roth accounts: + +* Future tax rates may well be hiked, making Roth options far safer for guaranteed retirement income + +* For lower earners, this makes extra sense because they're in very low tax brackets anyway to start with + +* For higher earners, Roth should be the default option when maxing out because of the greater concentration of earnings in tax-advantaged accounts + +I expected to find that Roth was generally better at low and high ends of the earnings spectrum, but was surprised to find it generally better in the middle too. I'm open to suggestions for improving the tool, and would enjoy discussion of the results. + +**Using the spreadsheet** + +The spreadsheet's intended to give a rough picture of how the account types perform, including when matched in different combinations. Some features: + +* In general, the quickest way to see the effects of different choices is to change settings in the left panel or in the first year's row. Try setting different combinations such as age, starting income, etc. and view the results in the grey bolded subcolumn below. + +* Most settings controlling contributions, earnings and withdrawals for a particular year can be changed in that year's row, which by default also alters following years for that column + + * This allows modeling the effect of tax hikes, etc. as well as market disruptions (sequence of return risks) + +* The contribution model of company-match-first, then max-IRA, then max-401k, then (optional) overflow-to-taxable-account is followed. + +* To make comparisons fair, savings percentages are evaluated pre-tax, but Roth contributions to both 401ks and IRAs are tax-adjusted to take up more of the savings percentage, i.e. exhaust it earlier + + * This means that to max out Roth contributions, you must set the savings percentage high enough + +* Variable inflation rates are allowed, and one can calculate inflation-adjusted earnings as well as contribution limits + +* Returns are shown in projected future un-adjusted as well as inflation-adjusted dollars + +**Quirks and known issues** + +* There is no provision for state income taxes (this would be easy to add if helpful) + +* There is no current support for including Social Security projected earnings in retirement income projections + +* There is no direct support for rolling from a traditional to a Roth account (though one could mock this up by manually setting various dollar values for a particular year, with the caveat that this would disrupt auto-calculations for the edited cells). Instead, in rollover years traditional 401k contents are rolled to the traditional IRA, and Roth 401k contents are rolled to the Roth IRA. + +* Modeling a glide path, and differential returns after retirement when the focus shifts to retaining wealth and generating stable income, is best done currently by manually adjusting settings on individual years + +**ETA: It's become obvious that Social Security should become part of the accounting, at least, and ideally state income taxes. Those are not yet added.** +I am soon to be 25 and I’m in a about 5k in debt (hospital,tuition, CC). The military has always been in the back of my mind as a Plan B... the cut off age to enlist is 25 or 26 IIRC. And that’s if I pass the physical test lol. +How do you think it will impact the industry, specifically? And by industry I'm referring to equity/debt financing, Market making, institutional investing, PE--basically everything except corporate finance. +Two people put $1000 into the stock market each year. One person picks the lows of the year perfectly, while the other ends up buying at each year's high. + + +[https://www.albertbridgecapital.com/drew-views/2019/1/29/the-futility-of-market-timing](https://www.albertbridgecapital.com/drew-views/2019/1/29/the-futility-of-market-timing) + +&#x200B; + +Turns out that over a long time period, the difference isn't huge. Thoughts? +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/mtwpit5bt9771.png?width=1426&format=png&auto=webp&s=1244d2e0fa4fa4d342fda4775162b3c12dcae185 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $212.31 + +&#x200B; + +Open Price: $221.16 + +Daily High: $227.45 + +Daily Low: $211.60 + +Volume: 3.84 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉 HYPE WEEK 🎉 + +&#x200B; + +**Monday**\- NSCC-2021-002 approved + +**Tuesday**\- Gamestop completes 5 MM share ATM offering and makes A BILLION BUCKS AND SOME CHANGE NBD + +**Wednesday**\- HYPED AND HODLING + +**Thursday**\- T+21, NSCC-2021-002 Implemented + +**Friday**\- $GME officially joins the Russell 1000 Index + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +# [Today's Jungle Beat is hanging out on our Superstonk Live YouTube Channel for another episode of Monkey Business!](https://www.youtube.com/watch?v=52JbzEuYb8A) Going live at 5PM Eastern ([Link](https://www.youtube.com/watch?v=52JbzEuYb8A)) + +Join u/sharkbaitlol and u/pinkcatsonacid as we welcome u/buttfarm69, u/broccaaa, and other apes from the community as we discuss topics such as; $GME News, 002, RRPs, Ryan Cohen's T+21 tweets, and more! We will see you at 5PM NYSE time! + +&#x200B; + +There will not be a live chat discussion for today's livestream, but feel free to use the comments here! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Relevant Posts Discussed in Today's Episode of Monkey Business + +&#x200B; + +[GME ATM Offering Complete (Link to Press Release)](https://www.reddit.com/r/Superstonk/comments/o5k6oy/gme_finished_share_offering_of_5000000_shares_of/) + +&#x200B; + +[Cohen has reached the same conclusion as u/Criand's T+21 Net Capital thesis: An analysis of tweet activity and corporate announcements](https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[A revisit to Net Capital. What is truly driving these T+21 loops, the March and June gamma runs, and how skyrocketing ETF FTDs might cause big price movements in the coming weeks.](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) + +&#x200B; + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +&#x200B; + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +https://preview.redd.it/ps5nx0bwz8771.png?width=1600&format=png&auto=webp&s=6b432b9832eb115436f72b5af4eb5c3524fa77c9 +I know a lot of the Lean and regular FIRE discussions tend to centre around moving somewhere with a LCOL or MCOL after retiring to maximise purchasing power, but I see very little discussion about retiring in a different country beyond that. Does anyone here plan on retiring abroad for reasons beyond purchasing power, for geography, a sunny climate, great food, culture, nature, recreational opportunities etc? + +If so, what are your motivations, what is the country in question, and what are the logistical and tax considerations? Countries like New Zealand and the Cayman Islands have peaked my interest as examples. +https://paste.debian.net/plain/1148565 + +I just started checking some addresses, confirmed the signatures, and verified these are addresses with 2009 mined unmoved coins. + +Source: /biz/19322237 + +Can anyone confirm if these match the "Patoshi" addreses? + +--- + +EDIT: Confirmed by BitMEXResearch on Twitter as not "Patoshi" addresses +I really apologize if this is not the place for this story but I figured I could get the advice I needed from this sub. TL;DR at the bottom. + +When I was 17, I am now 21, my mom added me as an authorized user to a few of her credit cards to help build my credit. Ever since she was keeping up with the payments and it was steadily helping my credit. + +In October of last year her and my dad started having issues and she started online dating. She got involved with someone with an obscure story and unbelievable coincidences. It wasn’t long before he started offering to pay off her debts for her. (Debt I was not associated with) Since, she has given all of her credit card info to him, the last 4 of her social, and more I presume. + +The debt that was “paid off” was bouncing and he gave her all kinds of excuses as to why. I tried very hard to explain the kind of scam this is, but she will not listen. She truly believes she is in love. It wasn’t long before he started purchasing things on her cards, especially ones that I was an authorized user of. It is affecting my utilization and I honestly want nothing to do with any of it anymore. + +Fast forward to today, I called Citi. One of the cards is the Citi simplicity. I asked the agent to remove me as an authorized user and he told me that he can not make any changes unless my mom authorizes it. I added my mom to the call and she refused to remove me as an authorized user. + +Am I stuck on a card that will severely impact my credit when it defaults like her other accounts? I am so incredibly stuck in this situation any advice would be appreciated. + +TL;DR: My mom is in a romance scam and gave her credit cards to him. He spent lots of money on a card I am authorized user on. My mom won’t pay it because “he’s paying it”. I want to remove myself from the card but Citi will not allow me to. Help. + +Edit 1: This is crazy for me! I’ve never really posted to this sub, only just read and lurked around for advice. I am so incredibly grateful for all of the advice you all have given me. I am going to attempt to help my mom one more time by telling my aunt. Hopefully she can help her come to her senses. If not I’m going to take you alls advice and cut her off. She will take the fall and reap the consequences and will come back when she is ready. Again, thank you so much. +I have been looking for a new job, because the current job is not working, financially speaking, and is not stable, due to mercurial bosses. I'm in a giant hole right now, and I **really** need to find a new job soon. I'm a teacher at a small (newish) charter school that is in the same building as a large, longstanding private school. Our schools seem to have a good relationship and we refer students/families back and forth when we feel they're better suited to the other school. The admin of my school know the admin of the private school, although I couldn't guess as to how close/friendly they are. We have made arrangements to use some of their facilities, and when we do, one of our admin go to supervise, so they go over there on occasion. + +A position has opened up at the private school and I would like to apply it for it, but I'm worried that they'll mention something to my admin if they see them--not necessarily maliciously, but anything could be detrimental if I don't get the job. The admin at my current school are very vindictive and I'm worried they would either a) find a reason to fire me b) try to bully me out of my job, as they've done this to other teachers. + +Would it be appropriate to add some kind of PS/note to my cover letter referencing our schools' relationship and asking for discretion? Should I not apply at all/does it seem too risky? + +**Edit: to clarify, this is not the only job I'm looking at, and in the past month have applied for many other positions with schools further away.** + +**THANKS everyone! I have decided *not* to apply at that location at this particular time, it's just too risky. I appreciate all of your advice and support!** + + +Tax time is always fun to see what capital losses you can carry forward till you earn a mythical profit. Which one of you absolute morons tried to do this? + +Another common error that inexperienced investors often make is claiming “paper losses” on investments after their value drops, but the investors continue to own them.  + +Then there is another blow to the low yield etf beginner + +Loh says while many people understand they must pay tax on money earned from selling investments, they may not realise that tax also applies to dividends and distributions – even if these are reinvested and no cash is received. + +https://www.theage.com.au/money/investing/ato-signals-crackdown-on-first-time-investors-20210909-p58q52.html +Original post calling the trend reversal when price was at 102 (only up since then): + +[https://www.reddit.com/r/Superstonk/comments/smolgw/iborrowdesk\_hasnt\_tracked\_the\_cost\_to\_borrow\_fee/](https://www.reddit.com/r/Superstonk/comments/smolgw/iborrowdesk_hasnt_tracked_the_cost_to_borrow_fee/) + +Most recent Iborrowdesk chart + +&#x200B; + +[Iborrowdesk.com\/GME](https://preview.redd.it/qdku94dxtrh81.png?width=2404&format=png&auto=webp&s=a43f1d6dda83b64b49d384fed447a40a630cb993) + +See how that **red line** cuts out after the 9th? The data for the 10th is missing (and back for the 11th). + +Why is this important? + +**EDIT: This is** ***only looking at the red line in the graph below.*** **Look down from the orange cross to see the gap on** ***the red line.*** + +**The black line is just there to show share price and gaps in this data do not correlate to price movement! Sorry for any Apes thinking I was ignoring this - it was clearer in my original post when showing the graphs. We have only had 4 gaps in the past year in the cost to borrow data and this predicates movement each time (including the current gapping)** + +[Gaps = Jumps](https://preview.redd.it/qplyy634urh81.png?width=2406&format=png&auto=webp&s=800a52d9b5aa979534469c2fa7e6a34938db97e2) + +This is the graph for the past year with the 'gapping data' marked on it. On the Original Post there is also data added for 2020 which shows that this is a consistent predictor of UP! + +&#x200B; + +Why are my TITS JACQUED more than the normal 50% - 100% growth this normally predicts? In the past the indicator has led to these jumps in price after a single day of missing line on the graph. We are now seeing the data continually failing with 5 of the last 11 days not making it onto the graph and no end in sight of it happening. It's falling apart for the SHFs. + +The Gapping seems to be caused by a very specific set of conditions around share availability beyond 'no shares at a certain time'. + +And the most amazing thing? If this trend follows the longest (in days) uptick we experienced after a gap, then it will reach it's peak on the predicted day of the Q4 GME Earnings Release, 22nd March. + +Booooooooom (sound of nipple ejectulous). +Friend of mine owns her home outright and I got some money for a deposit (100k) She is interested in splitting costs so she has an investment property but says she isn’t looking to make money off it by renting to avoid capital gains. + +Looking to buy something from $700k-1.1K + +What everyone’s thoughts? We have discussed getting lawyers involved to write stuff up. She has enough money that she could just buy it outright we even discussed me paying her back with interest. Just looking for help and advice. Much easier to pay off $500 than a mil… +I have a moonshot for you all and some serious reasoning you should go in on it. After watching auto-yield tokens like $SafeMoon (community coin), and $BSCPad (an ido launchpad) do over 300x in the past month, I felt some serious #FOMO. But then I thought of something - **Market Reflexivity.** + +**Market Reflexivity** \- the power of a positive feedback loop. If I feel FOMO, so does everyone else. We ALL want to find the next $SafeMoon or $BSCPad. Therefore, I've been watching like a sniper for the coin that I think is capable of performing as well as these. This is what I came up with + +I give you Zeppelin.DAO. here's their rap sheet + +Zeppelin.dao + +This community-driven DeFi Token on BSC conquers the skies! + +🪂 $ZEP is an next-gen auto-yield community token: only hold it to indefinitely receive shares of every Zeppelin transaction around the world, through the Quartermaster Fee. BUT ALSO, will be a launchpad for BSC + +🎡 Liquidity is auto-locked at launch, and protocol continuously adds liquidity into the Iron Bank pool - steadly raising price floor forever. + +🛡️ Fair volunteer project: no investors, Crew tokens and Dev tokens burned at launch , rug-proof and whale-protected. Ready for the greatest adventure of our lifetimes. + +Launched 20 hours ago - Now trending on Coingecko! + +Contract: 0x2E291e1c9f85a86d0C58Ae15621aaC005a8b2EAD + +Buy on pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead) + +Check Slippage, might need 11-14% + +Twitter: [https://twitter.com/ZeppelinDao/status/1380110756004388866](https://twitter.com/ZeppelinDao/status/1380110756004388866) + +Community Subreddit: [https://www.reddit.com/r/ZeppelinDao/](https://www.reddit.com/r/ZeppelinDao/) + +Website: [www.zeppelindao.com](https://www.zeppelindao.com) + +100% crew token burned: [https://bscscan.com/tx/0x9b467cc0a753d50e5e43b784ce5162d573dddf1380d8a800d544eca835b8f9f6](https://bscscan.com/tx/0x9b467cc0a753d50e5e43b784ce5162d573dddf1380d8a800d544eca835b8f9f6) + +Locked liquidity: [https://unicrypt.network/amm/pancake/pair/0xE050d626694ab217aE1F250A18630162dc0C5434](https://unicrypt.network/amm/pancake/pair/0xE050d626694ab217aE1F250A18630162dc0C5434) + +Chart: [https://poocoin.app/tokens/0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead](https://poocoin.app/tokens/0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead) + +Coingecko: [https://www.coingecko.com/en/coins/zeppelin-dao](https://www.coingecko.com/en/coins/zeppelin-dao) + +Total supply: 1.000.000.000.000.000 + +Not Financial Advice + +PS in before someone calls all my fellows apes in the comments bots +This is my opinion after years of studying trading: + +&#x200B; + +You can choose support and resistance, and it will tell you an entire picture of its own, which can be traded well. + +&#x200B; + +You can choose oscillators of oversold and overbought, and they will tell you an entire picture of its own, which can be traded well. + +&#x200B; + +You can choose candlestick patterns, usually in combination with some of the above, and it will work well. + +&#x200B; + +You can choose trend lines, and they will work well, and give you their own picture. + +&#x200B; + +But if you combine any more than 2 or 3 those, on the same chart, they will all oppose each other and you will have absolutely no idea what to do. +Hey r/Forex I'm super happy my last thread had such positive feedback! I really appreciate that. Since it's the weekend the minds should normally be off the charts, but sometimes we just can't help it right. So I wanted to ask you guys what you struggle the most when it comes to trading. If a lot of people reply to this I might make a mega thread about all the questions and give some info how I do these things. Maybe there's something helpful for someone and then my goal is already achieved. :) +The [GRAPH](https://imgur.com/Em4bhYK) is in thousands. + +I've been tracking my crap for a long time. Some notes for reference. + +* 1991 Started working full-time. +* 1997 First year with a 401k. Been maxing it out ever since 2001. Mega-backdoor Roth as well as 401k for the past 5 years. +* 2012 Buy first rental property. Get another one the next year +* 2013 Discover the idea of FIRE. Get rid of the Financial Adviser and go it alone following JL Collins methods. +* 2017 Get re-married and add a third rental to the mix including spouse 401k. Briefly owned two homes + +I'm currently 50 years old and have cut back to part-time hoping to pull the plug in the next year or so. +$POODL is a 100% community owned token - here's why it's been so successful after only **2 weeks.** + +EDIT: after posting this an update came through from the tg that rapper FlippDiNero with 624K instagram followers just posted us on his story!!🔥 🔥 + +https://instagram.com/flippdinero?igshid=1aercj29rxywh + +✅ Marketing begun already - partnership with Crypto Gains, with more to come, exposure rapidly increasing. + +2 million+ Instagram followers reached: + +[UrbanTV 🇬🇧 Comedy | Culture on Instagram: “$POODL is a proven, successful, audited smart contract with over 7000 holders. Join early and enjoy the ride! www.poodltoken.com…”](https://www.instagram.com/p/CM-Zx73se3N/) +✅ Coingecko + Coinmarketcap Listed + +✅ NFTS + +✅ Whitebit USDT Pair listing with more exchanges to follow. + +✅ Low marketcap + +✅ New members are pouring into the Telegram DAILY, with number of holders also increasing (429 now) + +✅ Similar 'buy the dip mentality' in the community which saw HOGE so successful. + +Telegram has increased by 1500 members in the past 24 hours! + +We have passed an external audit by Techrate which shows that our contract is safe. There is no malicious code allowing anyone to mint new token or scam the investors in any way. + +**How do I buy $POODL?** + +\- Available now on either Whitebit or Uniswap with the below contract: + +0x56a980328aee33aabb540a02e002c8323326bf36 + +• Click Settings and set slippage to 5.00% + +**Why $POODL is set for a 10x** + +\- Listed on WhiteBit NOW with other exchanges to follow. + +\- Heavy marketing campaign (on social media platforms such as YouTube, Instagram and TikTok) + +\-Buzz and hype is growing exponentially. + +\- Charitable causes + +\- Gain in tokens just by holding (Redistribution) + +\- Decreasing supply (a deflationary token, similar mechanism to HOGE - we all saw how well that went 🚀🚀🚀 + +\- Strong Community (also a similar vibe to Hoge) #HOODLTHEPOODL. + +Come join us on Telegram, and join the awesome community moon mission :) t.me/poodl + +**Official Website :** [**https://www.poodltoken.com/**](https://www.poodltoken.com/) + +COINMARKETCAP : [https://coinmarketcap.com/currencies/poodle/](https://coinmarketcap.com/currencies/poodle/) + +COINGECKO : [https://www.coingecko.com/en/coins/poodl-token](https://www.coingecko.com/en/coins/poodl-token) + +REDDIT : [https://www.reddit.com/r/POODLTOKEN/](https://www.reddit.com/r/POODLTOKEN/) +Let's say your holdings made 100x in a night, would it be a life changing gain for you? If it would, what would you do with that money? + +I would buy a nice house first and then a nice car would be nice. I don't know what would I do with the rest of the money. I have poor financial skills lol. +In the latest [video](https://youtu.be/PUJuqWn88DY) from OmiseGO, they confirmed that they will be performing a hard spoon, and that all OMG token holders will be receiving two tokens. One of them will be an Ethereum based token, for use for staking on Plasma in the future, and the new token, omg on Cosmos, which they confirmed as a new token which will be tradeable and have value. In other words, this is basically a chance to buy into OmiseGO and receive free tokens! As both tokens will eventually be staking tokens, this is an excellent time to buy into OMG! Read more about it at their [blog](https://medium.com/@omise_go/o-m-forking-g-1cc257b890ec) (which, yes, was released on April Fools, but was confirmed as real in the above video!) +In the latest [video](https://youtu.be/PUJuqWn88DY) from OmiseGO, they confirmed that they will be performing a hard spoon, and that all OMG token holders will be receiving two tokens. One of them will be an Ethereum based token, for use for staking on Plasma in the future, and the new token, omg on Cosmos, which they confirmed as a new token which will be tradeable and have value. In other words, this is basically a chance to buy into OmiseGO and receive free tokens! As both tokens will eventually be staking tokens, this is an excellent time to buy into OMG! Read more about it at their [blog](https://medium.com/@omise_go/o-m-forking-g-1cc257b890ec) (which, yes, was released on April Fools, but was confirmed as real in the above video!) +I’ve been doing really well and I feel like sharing my thoughts for anyone interested. These are the things I wish I had known which would have saved me a lot of setbacks. + +Ignore the charts. Don’t even look at them when making a decision. Regardless of what anyone says. A chart will only tell you what has happened so far. It will never tell you what will happen next. There is one exception to this I have found but I will bring that up at the very end of this post. + +Use critical thinking for any single piece of information you read about a company or the market. Who published it and why? I haven’t yet found (and probably never will find) a single news article or post with neutral information on a company. And it’s never going to happen. In the stock market there are many different players and they all have different motives. Don’t trust what a Reddit investor tells you. But also don’t trust what CNN or CNBC tell you. There is something called “bias” and you have to be able to adjust the weight you give to any information you receive based on how biased the information is or might be. Any time you get information check multiple sources. Never rely on one single source. Or even one single type of source. If you only trust major news outlets you will be mislead or worse be behind the curve. If you only trust what investing forums say you are likely to run into people who are bagholding and trying to pump the stock to be able to dump it for a higher price before it keeps tanking. The truth is somewhere in the middle. Do your own research and don’t hesitate to use Google’s “past 24 hour” search filter to make sure you’re getting the latest information. + +Stay open to criticism. If you have a good idea but someone knows better, it’s not just a learning experience but it can save you from losing your money. However, only take criticism seriously if someone can properly articulate their point and isn’t just spouting catchphrases or being an asshole. + +Dollar cost averaging. It’s better to make several buys into a stock than one giant buy. It’s impossible to perfectly time the market. But you will almost always get a better entry point by averaging than by throwing down all the chips on the first move. + +Always do your own due diligence. If you can’t write a thesis explaining why you’re making an investment (that’s not only convincing but free of confirmation bias) then you probably shouldn’t invest. Don’t just research the company, research the market the company is in. If the company is poised to do well and corner the market but there isn’t much of a market in general then there is no future for the company. In addition, research the “target audience” not for the company but for the shares themselves. What type of investors are buying shares? Are they the opportunistic kind? Are they buying just for a quick profit to scalp before they dump the stock into oblivion, or are they buying because they see a future for the company and plan a long term hold? This can be true of institutional investors as well as retail. It’s a better sign (for now anyway) when a happy whale like Cathie buys shares banking on the future of a company than if a super-predator like Chamath is buying them for a quick flip. Always keep other investors in mind when you make a decision. Investors are the consumer that drives the price of a share. + +Buy the dip but only if you have a good reason to! Don’t blindly buy every dip. I see that pushed too often on Reddit. Buying a dip is good if a company is on an upwards trend and the dip occurred randomly. Do NOT buy the dip if it’s part of a larger downtrend or if it’s possibly due to an overall change in sentiment. Worst case scenario you will multiply your loss and best case scenario you will tie up further capital on a loser which results in decreased ammunition if you suddenly find a winner. Your $500 you could have used to buy a gainer will now be $300 you can use to buy another stock. + +Don’t ever hesitate to cut your losses. If a company is in a downwards trend and it looks like they will be for a while (and there is no catalyst around the corner) cut the loss. Put your money in a better place. But keep watching the ticker. You can always buy back in when the sentiment turns positive. Keep a watchlist of stocks that look promising but don’t make it so big that you lose oversight and don’t make it so small that you’re missing too many opportunities. + +Gauge your performance by your method and not by your gains and losses. If you’re up 100%, be honest with yourself. Are you up because you got lucky or because you have a solid strategy? If you’re down 40%, was it because of unpredictable factors or was it your own fault because you bought due to fear of missing out which clouded your thinking? Never beat yourself up. Learn from every move you make. Remember it’s impossible to perfectly time anything. If you sold and secured a 10% gain but it could have been 15%, that’s normal. You’re never going to catch the top of a spike or the bottom of a dip. That’s like waiting in the ocean for the perfect wave. It won’t happen and you’ll drown unless you’ve learned to surf when the wave gets to you. Same with buying. Most of the time when you buy, the stock will move down. I’ve lost a small percentage at the start of almost all my well planned and well timed moves. I kept holding and the losses turned into significant gains. + +Manage risk and reward. The higher the risk, the lower percentage of your profile you should put into it. Be psychologically prepared to lose everything. The more you’re willing to live with that possibility, the more you’re going to be able to keep a cool mind when taking a calculated risk. + +Never stop learning. The more you know, the more of an edge you have. Get in the habit of reading several articles per day. Focus on your existing investments so you can learn how what type of news affects the markets in which ways. + +Never stop looking for opportunities. They don’t come to you. You have to find them like a needle in a haystack or a diamond in the rough. You’ll get much better at finding them with time. If you don’t get good at looking for opportunities and evaluating them then you won’t have any opportunities. + +Never buy in to hype. The more hyped a stock is, the more likely it is that it will tank later. Even if you find a promising company for a good long term investment, wait until the hype dies down and the share price goes down. Otherwise you’ll start your investment with a slow and steady loss. + +Shares are priced based on supply and demand. There are bids and there are asks. The higher the demand is on shares the higher the bids will be. The lower the demand is on a share the lower the bids will be. What this means is that when there is more buying pressure than selling pressure the cost of a share goes up. When there is more selling pressure than buying pressure the cost of a share goes down. In fact, that is all a chart will really tell you. Think of a chart as a historical look at past buying and selling pressure. Nothing more and nothing less. The price direction is determined only by buying and selling pressure. + +The value of a share is subjective. You can run any equation you want to but there is no equation which links any of the variables of a company to the price of a share. There are many different ways to “value” stocks. DDM, DCF, price to earnings, price to book, enterprise value to EBIDTA, Technicals...and they all mean nothing. Why? Because the value of a share is what people are willing to pay for it. A stock is no different than a consumer good. Take, for example, iPhone. If you compare the iPhone 12 to android phones with similar specs the iPhone 12 price tag more than doubles some lesser known brands with the same specs. But people are willing to pay more for the iPhone. So the iPhone costs more. The value of a share is the same. If people are willing to pay more for a share of a company then those shares will cost more even if there is no mathematically verifiable reason. + +There is no formula based on the specs of a phone which will predict what the retail cost of the device will be. Just like there is no formula which will take any company metrics into account and determine the price of a share. + +Stocks go up and stocks go down. Everyone hates red days. But they’re normal and they’re not a sign you’re doing something wrong. They mostly move when there are catalysts that have either positive or negative effects on sentiment. The rest of the time they will trade sideways or slightly downwards. As long as the slope isn’t steep and there have been no bad news about the company having a red day is fine. In fact if a stock was only green all the time I would probably sell it because that could be a good sign it’s in a bubble and bubbles are known for bursting. + +The biggest gains and losses in the market are driven by the biggest changes in investor sentiment. And investor sentiment isn’t rational. It’s irrational. For example there could be some slight bad news about a company which will have no bearing on the bottom line (for example a brief delay in a crucial step) which hits a nerve and causes an emotional overreaction which causes the stock to tank. Or there could be some neutral news about a company which investors mistakenly perceive as positive causing the stock to skyrocket. + +Catalysts don’t matter. People’s reactions to the catalysts matter. If you look into a company that has upcoming catalysts, don’t focus on how the catalysts will effect the bottom line for the company. Focus on how the catalysts will impact investor sentiment. For example, if a company decides to increase the cost of a pharmaceutical product and they are now going to make 12 billion more dollars over the next 5 years, that’s great for the company. But if people are upset and there is bad publicity like “My mother died because she couldn’t afford her diabetes medication after the price hike.” then the value of a share will go down. + +The biggest gains are in speculative investing but they also carry the highest risk. The reason that speculation has the biggest potential for gains is strictly due to human psychology. Investors are going to be a lot more fearful to invest in a company which isn’t generating revenue or where the future of a company has no proven results to back it up. Even if that company is going to cure cancer. But that’s also why there is the potential for a huge reward. If you can find a company investors are fearful to invest in now and you have enough data about the company to conclude that they are going to be successful, then you can actually turn a speculation into a somewhat more secure investment. + +For example, if a company announces that they found a cure for alzheimer’s. And you just happen to be a neuroscientist. If you understand the science and you instantly realize that they have a disruptive breakthrough, you can now use that to your advantage. You can invest in the company now with the knowledge that the science is solid. This gives you an edge. You know that you know the company will be a success. But you also know that anyone who isn’t a neuroscientist will have little faith in the company. As a result, you have now found a company which is setup for a massive change in sentiment. So you buy 10,000 shares for $0.03. Eventually, the company moves through to phase 3 clinical trials and the product gets approved. The news headlines hit that a company cured alzheimers. Now the shares you bought for $0.03 are suddenly worth $15. Your degree in neuroscience just paid off better than your actual day job as a neuroscientist. As the stock keeps trending upwards the $300 you spent is now $150,000. This gain is mostly attributable to using your existing knowledge to get ahead of a pivot in investor sentiment. + +Use what you know. Just like the example above. Everyone has areas they are more or less knowledgeable about. If you know a lot about technology, focus on technology stocks. If you are a geologist, focus on mining stocks. Anyone can have an advantage. Even if you’re working at a deadbeat job and you get a free sample for an air freshener that finally actually gets rid of the smell of stale cigarettes in your well used car, invest in that air freshener. Any single piece of knowledge you have about any single thing can be used to your advantage to make a trade. + +Which company evaluations actually do matter? Is the company going to be able to survive? That’s the main thing I’ve been looking at with my speculations. A company could have come out with a technological breakthrough. But do they have the funding or an existing revenue stream to carry it out? Are they going to be consumed by debt and implode or are they getting funding in one way or another? Another important one is if another company will buy them out. If a company has mediocre performance and is going to be bought out by Microsoft that can be great for your investment. But if a company has a breakthrough, doesn’t have the resources to commercialize it themselves and has to give in to the highest bidder for a buyout then the upside to your investment is going to be a lot more limited. + +Those are really the only company metrics I’m focused on. + +Stay up to date on your investments. Don’t just look at your portfolio once a month and complain about it going up or down. Is your chart going up? Find out why. Is your chart going down? Find out why. + +Stay ahead of the news! If it’s 5am and you have to get up for work, get in the habit of quickly checking the news on your tickers so that you can stay on top of any changes. The sooner you know bad news came out the more likely it is you will be able to hit the sell button before anyone else does. If you have tickers you’re watching, try to buy in the moment there is good news or in advance of the good news. Especially if the sentiment is positive. + +Be careful with stop losses. If you don’t know what a stop loss is, it basically means that you have set up your purchase so that your broker will sell your shares for you if they dip below a certain amount. They can be great for risk management but they can also screw you over. If you bought a company for $10 and you have a stop loss at $8 you won’t be happy when it dips to $7.50 before shooting up to $20. Because now your stop loss actually worked against you. You lost a +100% gain and you secured a loss. Another time stop losses can be unhelpful is if your stock is trading on a foreign exchange as well. For example, if you have a stock on the NASDAQ trading for $10 and a stop loss for $9 but it also trades on a European exchange. It the stock closes at $10 but tanks overnight and trading opens at $5 on the NASDAQ, your stop loss will have done nothing. Even worse, it’s possible your stop loss won’t be triggered at all now because the system won’t pull the trigger while the price of the shares continues to drop. + +Market buys, market sells, limit buys and limit sells. I see a lot of confusion about this online and quite a few people get limit orders mixed up with the bid-ask spread. Small fish investors like retail have nothing to do with the bid-ask spread. When you place a market buy order through your broker you are agreeing to purchase a set number of shares at the current market price. I never use market orders. Why? Because if you execute a market buy or a market sell and the price of the security changes rapidly it won’t fill at all. And in order to cancel it and place a new order you first have to find it, then cancel it and then place a new order. I always use limit orders. If I’m buying shares and the cost looks like it’s on an upwards trend I will always place a limit buy for a price quite a bit higher than the current market value. Some people seem to think you won’t get the best price possible that way but this is wrong. If a stock is trading for $8 and you put in a limit buy for $8.50 but the stock only goes up to $8.10 your broker will fill it at $8.10. If I’m buying shares and the cost of the security looks like it’s currently on a downwards trend I will place a limit buy just a bit above what I think it will drop down to. That way I don’t have to stare at the chart all day and I can check throughout the day and place a new order if the direction changed and it didn’t fall below that point yet. As far as selling goes I will always place limit orders as well to guarantee the trade goes through instead of putting faith in a lack of volatility and risking the sell not going through. If the stock is going down I will place a limit sell for a lower price. If the stock is going up I will place a limit sell for a higher price. I won’t make them too much higher or too much lower though because this is the opposite of buying and I don’t want the stock to get stuck to my hands when I’m trying to dump it. + +Since investor sentiment drives the price of shares, wouldn’t it be nice if there was a single quick way to gauge the current investor sentiment towards a company? As it turns out, you can! And you can do it really quickly by eyeballing a chart even if you don’t have a clue what you’re doing. Here’s how. Take a look at the chart. Focus on points in the chart where there have been sudden upwards and sudden downwards movements. And look at what happens following those movements. + +If the stock dropped 12% due to some bad news, what happens next? Does it stay down or does it climb back up? The quicker it climbs back up out of a dip, the more positive investor sentiment is. + +If the stock jumped up 12% due to some good news, what happens next? Does it stay up and slowly keep rising or does it tank back down to levels even lower than before the spike? The quicker it drops back down after a spike, the more negative investor sentiment is. + +Keep in mind though that investor sentiment can change and just because there has been overall positive or negative sentiment in the past does not mean that the sentiment will continue. Check news for any updates on the company. Make sure nothing is in the works that could cause the sentiment to change to the negative when you are buying in. Check stock message boards. Check financial news. Use your brokers news feed, they are often quicker to the punch. + +It’s definitely more profitable to buy something that has overall positive sentiment. + +Edit: I will add, don’t ever be afraid to re-evaluate your strategy. If it isn’t working there’s a good chance it will keep not working. It’s better to try something new than to watch your portfolio slowly erode while you have plenty of time to research and make new moves. +I am an Europoor from Belgium and I could use some new gear hell even a new PC setup, some boardgames and all the other great items they have on gamestop.com but sadly they aren't shipping worldwide yet. Since there are shareholders literally worldwide and alot of people wants to support them I think it should be the next step to become this tech giant. + +I'm pretty sure they are working on this but I would like to see if there are more people desperately waiting for this 🚀 + +Buy and hodl 💎👐 +Bought $1k worth exactly one year ago today, watched as my investment went up 22X. Didn't sell, rationalized it as "eh you dont wanna pay short term capital gains tax, might as well wait at least one year, itll be even higher by then" Oh boy was I wrong. bought more between february-now, currently down over 50% on my 10k investment. It hurts. +We frequently see posts asking about what income taxes are due when someone sells their house, many times with misunderstandings about the rules. Even if you are not thinking about selling today, maybe you wonder how this works. Here is a quick summary of the rules for such things in the US; it includes the most common scenarios, but not every situation. (This excludes any state/local transfer taxes associated with the transaction.) + +- First, let's assume we are talking about the house you live in as your primary residence, as opposed to an investment property. (If you sell a property where you took any depreciation at any time, then you have other rules that came come into play, and that's another post. https://www.reddit.com/r/personalfinance/comments/dympoq/taxes_on_sale_of_investment_real_estate/) + +- If you sell the house you live in, the federal government (and then the various states) gives you a break if you own and occupy the property for at least two years. This doesn't have to be continuous, but usually it is. If you lived there for two+ of the last exactly five years, you're good, whether or not you live there where you sell. + +- The break is in the form of an exemption of some of (and usually all of...) the gains from the sale of the house in the amount of $250,000(!) for a single person, and $500,000(!!) for a married couple filing jointly. That's a pretty nice piece of untaxed income right there. All yours. No need to buy another house, or do anything else to qualify for this. You can take advantage of this once every 24 months. + +- What are gains? Counter-intuitively, it has little to do with the money you physically receive from the sale, or the amount after you pay off your mortgage. It has everything to do with the difference between a) your cost basis, which is usually what you originally paid for the house, way back in the day and b) what you received from selling the house, minus your cost of selling. I.e. you buy a house for $300K, and you sell it for $400K after brokerage commissions, etc....your gain is $100K. Even if you got $400K paid out because you didn't have a mortgage, or only got $50K because you recently refinanced to a bigger mortgage. + +- your cost basis starts out being what you paid for the property, and you can include some costs of buying, e.g. taxes you had to pay...those increase your basis. (With an inherited property, it's the market value at the time of death.) You then add the cost of permanent improvements you made to the house. Replaced the roof? Upgraded the kitchen? Those expenses improved your house and increased your cost basis, so reduce your gain when you sell. Maintenance does not increase your basis. + +- So, take what you realize from the sale (net proceeds, minus costs of selling), subtract your cost basis (purchase price plus improvements), that's your gain. Subtract $250K as a single person, $500K as a married couple. Anything remaining is subject to long-term capital gains taxes, typically 15% rate. + +- If you lost money on the house, then there is no impact on your taxes. You cannot deduct the loss on the sale of property held for personal use, including a house. + +- If you sold before you could pass the two years in the last five test, usually you get no exemption and owe tax on the gains, but there are some exceptional circumstances, including relocating to take a new job. + +Here are some articles that describe this process in more detail: + +https://www.thebalance.com/sale-of-your-home-3193496 + +https://smartasset.com/taxes/taxes-on-selling-a-house + +https://www.taxact.com/tax-information/tax-topics/12-tax-tips-when-you-sell-your-home + +Here are the IRS rules: https://www.irs.gov/publications/p523#en_US_2018_publink10008952 + +So, there you have it. The vast majority of personal residence sales result in no taxes due the exemptions, and don't even need to be reported on your taxes in most cases (though you may want to report them anyway). +I was having a chat with a friend, and I mentioned that Trump's tax cuts seemed to help primarily the richest Americans and largest corporations, and that despite his populist rhetoric, Trump's tax policies seemed to favor the rich. He replied that Trump's tax cuts stimulated growth in the economy which, coupled with the massive amount of repatriated capital, offset the deficits and any harm to the "average American" that may have been caused. + +Neither my friend nor I are economists, and we're having a friendly chat. I'd like to get economists' opinions on this, in an understandable manner (close to ELI5), along with a few sources to buttress the claims made and for additional reading. +Percentage of GDP spent on healthcare is often used in the UK to either argue that we are spending a lot, or not enough on the NHS. I just wanted to understand why it's percentage of GDP used and not another metric. + +Thank you. +Trump is planning to pull out of NAFTA, calling it "the worst trade deal in history" How could losing benefits of trade effect Mexico, Canada, America and other possible third parties? +I'm interested in trying to learn a bit about academic (not pop-sci) economics. My background is a masters in math, with only a little bit of knowledge about microeconomics, and no knowledge of macro. + +I recently came across [this textbook](http://www.core-econ.org/the-economy/book/text/0-3-contents.html), and was wondering if it's any good. Is it roughly at the right level for someone with my background? If not, other book suggestions would be appreciated. +That is, if supply and demand of currency were constant, the price of the goods would decrease due technology development and production processes optimization? +Basically, do countries need population growth to still do well economically? Or will low birth rates in countries like Japan or the Western countries kill the economy without immigration? +In my school economics class we were taught that Supply and Demand determines the prices in a country, if supply is greater than demand the price decreases. + +Many Americans can't afford healthcare and don't have insurance and those that do can't afford many operations and surgeries, so why doesn't the US Healthcare Industry lower its prices to increase Demand? + +We can say that in the US Healthcare supply is greater than demand, so shouldn't there be a price decrease to find the equilibrium? + +Edit: Why am I being downvoted just for asking a question? I'm just trying to understand how the industry works. +question for the group in lookin at the [balance sheet of Tesla](https://www.wsj.com/market-data/quotes/TSLA/financials/annual/balance-sheet) \- it says tesla has 22BB in equity on their balance sheet - of which musk owns 22% (4.84 billion technically) ... but I also see that due to the public stock of the company his net worth has jumped to.... 214 billion + +can someone explain the difference between balance sheet equity and stock market equity to me?? + +thanks! +Gold is priced at [$42/oz](https://www.bullionstar.com/blogs/jp-koning/golds-official-price-is-42-and-maybe-thats-a-good-thing/) on the balance sheet of the FED. The article linked gives a good reason but surely the treasury and the FED can sort this out between them and start listing the price of gold accurately. + +What other items on its balance sheet are listed at non market prices? + +Is there a list which which shows the \*true\* equity/net wealth (assets minus liabilities) at market prices of all the different central banks? + +The following [list](https://www.swfinstitute.org/fund-rankings/central-bank) does not cut it as it shows total assets only and does not factor liabilities (I also suspect it factors gold at the old exchange rate in the case of the FED and other banks who do this). + +Ideally I would like to see historical data as well if that is possible. +Hi guys, + +I graduated with a BA a few years ago thinking I would become an investment banker or a trader. Basically, even having a degree from a top college and graduating at the top of my class was not enough to get me a job at a big bank, apparently I needed to have connections, which I have not since I came from a low-middle class background. + +I was able to find a position as an equity analyst at a small asset management company that had some heavy nepotism, to the point that relatives of the owners with no financial background (like degrees in literature) would enter the company in higher positions than me. + +From then on I was pissed and unmotivated, and ended up getting fired. Then I was able to apply and get accepted at a top PhD program. + +I gave up on becoming an academic at the very beginning, since I realized I'm not very good at math. At least not good enough to understand advanced theory, so I'm writting my thesis on a pure empirical subject. + +My problem is that even if I'm able to finish, I realized that my education during my PhD program was purely theoretrical and I have no idea how to work as a macroeonomist in the real world. I know some statistics and coding for data analysis, I know how to run VARs, I don't know how to writte a macroeconomic report for a bank however. + +Have any of you had the same problem? + + I still have like 1.5 yrs until graduating, what should I learn during this time? + +What platforms can teach me how to work as an economist in the real world? +This may be a basic question; but as a US citizen, it’s really starting to bother me. + +In my lifetime, I’ve perceived the value of the dollar to diminish. Looking back at old films and media: meals were advertised for a nickel and luxury items could be bought for a few dollars. + +Today, a nickel has almost no value on it’s own, and a dollar can’t even buy a pack of gum. + +But at the same time: the countries we outsource to often seem to have a large conversion rate of our dollar. + +Why is it that our dollar is funding the economy of growing nations, but is becoming less valuable to us as citizens? + +It doesn’t make sense to me. It frustrates me. It has me worried about my own finances. It has me worried about the future of our economy. + +Please, help it make sense. + +Edit: typo. conversion, not conversation (4th paragraph) +Apologies if this is subreddit-context irrelevant. Please let me know where to post this if so. + +New to USA and curious about pennies! Thank you for your kind answers! :) + +Ideally I want policies that will prioritize market-based solutions over distortionary solutions, and are the least damaging to other aspects of the economy. Also policies that will weaken the power of vested interests mobilized against affordable housing (e.g. NIMBYs) would be helpful. +[Official statement](https://twitter.com/AskRobinhood/status/1237016846282280961) on Robinhood's Twitter account alerts that all trading operations are currently down. Robinhood's status page likewise [shows "Major Outage"](https://imgur.com/OrW8FCw/) on all trading features: Equities, Crypto, and Options. +You would need a rather large amount of dividend stocks to get a reasonable amount of cash from the dividends, with little growth in the stock price itself (in my very little experience) + +But I feel like I’m missing something here, people put dividend stocks (schd) in their IRAs sometimes, but if it’s not gonna grow, how would that be useful until you retire? + +Probably a noob question but, I’m generally confused +Every day at work, my coworkers go out to lunch. I live in a bigger city and lunch is a whole affair and usually costs me at least $15 if I go for a cheaper healthy option, we sit there for at least an hour. I'm fairly new to this company and from the first time I've been invited I've managed to build some really valuable work relationships and pick up a lot of Intel which I wouldn't have otherwise found out. However, eating out every day is extremely expensive and it's costing me a fortune. How do I not lose out on the networking while saving money? +Education flair because it shows what is possible in a short squeeze. + +**TL:DR:** There has never been a squeeze before where Shorts have come across an opposition with a price target. Every other squeeze is disorganised. People take profits on the way up, and the squeeze unravels. The closest equivalent to the MOASS we have is the VW squeeze where it was 'organised' as far as one shareholder held the power. + +And it was only ended after that shareholder, Porsche, decided to let them off the hook. + +If we don't let them off. 30million is not a joke. + +And together we change the world. + +**Main**: Many of you would know by now about the VW short squeeze of 2008. But [this article](https://www.telegraph.co.uk/finance/newsbysector/transport/3281537/Porsche-and-VW-share-row-how-Germany-got-revenge-on-the-hedge-fund-locusts.html) was a really good write up of the situation. + +The TL:DR of the squeeze. Porsche swallowed up most of VW's shares through options. When it was announced that there was 5% of the float remaining and 12% was sold short, there was a panic to cover their positions - the short squeeze. + +As the article states: **The scramble for shares meant that shareholders could name their price.** + +Now its important to note, there were two main shareholders in VW. Porsche and a Local government (with as I understand it a set stake). So Porsche became controllers of the situation just like we Apes are now. + +The price made VW the most valuable company in the world. Porsche made more from the squeeze then selling cars. And then Porsche released a portion of the shares for the squeeze to unravel. And it still took 4 days to see a 50% drop from the peak. + +**Repeat: After Porsche released the squeeze, it took 4 days for the price to drop 50% from its highest point, before going down to its normal value.** + +The main takeaway here is: Don't sell this one-time-only opportunity short by trying to take profits on the way up. The more we diamond hand, the higher this goes, and the more lives we can impact. + +You wont miss the squeeze. Trust your fellow Apes. We got here in the first place because we trusted the DD, we trusted our communal peer-review, and we trusted each other that we all liked the stock. + +So trust that we will still like the stock as we fly past the moon and we will leave an indelible mark in human history. + +45mins until German pre-market. Suppose I'm just rambling into the ether of the community I'm so fond of. +That was honestly hurtful to hear.. especially cause she has never had to “work harder”… everything has been handed to her.. I’ve never told her or anybody up until this post that I once ate spaghettiih from her sink drain and a pop tart from the trash when I was at my brokest. My friends assume I have a lot of savings cause I’m frugal but I’m frugal cause I have no money.. + +I’ve been working for 14 years. I haven’t had a weekend night off in about 5 years.. I wasted my 20s.. and I have nothing to show for these fucken sacrifices. I don’t have debt.. at least there is that.. my credit score is great but I can’t afford shit in my city anyway.. but I cannot leave.. cause my parents are in there mid 60s and still working for minimum wage .. I know one day soon I’ll have to help them out financially + +It feels like life is kicking my ass. If it’s not one things it’s another.. most of my teeth have holes in them.. I can barely chew.. all stemming from parents that didn’t teach me the basics… my parents are immigrants who only know work. I was a latchkey kid.. been on my own almost all my life. +I was 28 when I first learned what a 401k is.. I asked my parents if they had that and my mom didn’t know what a 401k was .. while my dad said his employer doesn’t offer it… I still don’t have retirement savings either.. + +I drive an old rusty but very faithful almost 30 year old Toyota.. and have been pulled over for bullshit several times.. I’ve never gotten a ticket but I fear the older my car gets the more frequently I’ll have a cop on my ass cause it feels like being poor in my neighborhood is a crime.. I worry a lot about getting pulled over by an asshole and getting arrested.. cause its happened to a friend and I saw it fuck up his life even more ..and I’m so sick of how my life currently is.. I can’t handle worse. + +I feel hopeless. +[this picture](https://pbs.twimg.com/media/DOZraZBXcAAM4Rz.jpg) popped up yesterday where we see fake satoshi and [former convict bitcoin judas](https://www.justice.gov/archive/criminal/cybercrime/press-releases/2002/verPlea.htm) having a good time with some "hee ladies" guy. + + +Well turns out he is Calvin Ayre. He made it on the homeland security [top ten most wanted list](https://www.gamblingsites.org/images/most-wanted.png) and [another agency](http://3.bp.blogspot.com/-SA0PKKLrgsQ/VEWd3K063TI/AAAAAAAAR1s/Mo5hs-lQb9M/s1600/wanted1.jpg). + +He likes [prostitutes](https://farm5.staticflickr.com/4065/4485098132_1f79e87bb9_b.jpg), [blows](http://www.gambling911.com/files/styles/article_image/public/publisher/Calvin-Ayre-Blowjob_0.jpg?itok=1iY9UmQh), and seems to be especially tight with [bitcoin judas](https://www.techtimes.news/wp-content/uploads/2017/10/bitcoin-cash-is-bitcoin-roger-ver-and-calvin-ayre-declare.jpg). + + +now he states that its time to fix all the damages the two top cryptos have caused.... damn this sounds menacing. + + +These are the people attacking bitcoin and pushing for the technical abomination of a fork bec&sh. + + + +If you want to bet your money on their success, maybe think twice. + + +bonus: [John McAfee, wanted for murder in Belize and our beloved Jihad Vu are on board as well.](https://pbs.twimg.com/media/DKAA_ahV4AAIXK_.jpg) + +edit: this seems to get some traction so here are even more goodies on: + +* Roger Keith Ver, bitcoin judas: [one](https://bitcointalk.org/index.php?topic=2124500.0), [two](https://www.youtube.com/watch?v=UP1YsMlrfF0), [selling counterfeit CISCO hardware](http://caselaw.findlaw.com/us-4th-circuit/1627804.html), [doxing theymos](https://www.reddit.com/r/Bitcoin/comments/5obsx3/so_ver_is_allowed_to_openly_dox_theymos/) + +* Craig Steven Wright, fake satoshi: [one](https://www.youtube.com/watch?v=FIvqn87iAz8), [two](https://youtu.be/7YUTq7_vO3A?t=1m45s) ... + +* Jihan Vu, CEO of BitMain: [agenda](https://www.reddit.com/r/Bitcoin/comments/7cnv24/pretty_much_sums_it_up/), [classy](https://twitter.com/jihanwu/status/731902686379933697?lang=en), [antminer backdoor](https://news.ycombinator.com/item?id=14207107), [exploiting mining shortcut](https://themerkle.com/what-is-asicboost/) + +* John McAfee: [the time drunk him almost spilled the beans on the murder case but his watchful wife covered his mouth](https://youtu.be/oZoGQBL11Xs?t=30m47s) + +* ex main developer Gavin Andersen: [claiming fake satoshi is the real Satoshi](https://www.youtube.com/watch?v=pNZyRMG2CjA), [shilling bec&sh](https://twitter.com/gavinandresen/status/929377620000681984), [real Satoshi disappearing after his CIA visit](https://bitcointalk.org/index.php?topic=113609.0) + +* Mike Belshe, CEO of BitGo: [the mysterious pump letter](https://twitter.com/WhalePanda/status/926407742381789185) + +* Rick Falkvinge, politician: [call for CP legitimization](https://www.thelocal.se/20120910/43142), [shilling bec&sh](https://twitter.com/Falkvinge/status/929067201277120513) - also note the retweets from many of the previously mentioned crewmembers. + +(more to come) + +---------------------------------general goodies for the folks who have missed them--------------------------------- + + +[real Satoshi on bitcoin.com being unrelated](https://bitcointalk.org/index.php?topic=88.msg806#msg806) + +[a fulfilling prophecy from late July](https://pastebin.com/n0aGBMQr) +I originally posted this for advice seeking, but there's nothing they can do. Instead, I thought I'd repost as a PSA. + + +My sister (28F) and her girlfriend (33F) were desperate to find a rental house in the PNW. They ignored the telltale signs of rental scams: too good to be true pricing, unable to see the inside of the property, poorly constructed emails from the "owner" (who claimed to have recently transferred to Chicago for his job and was "just looking for someone to keep an eye on the property"), and the most glaring issue - he would only call them from a number with a 675 area code...which isn't an area code in the US. + + +Long story short, their desperation clouded their judgement. They called me yesterday afternoon in a panic, saying that the "owner" told them he was in a contract with a property management company and they needed to provide an additional 6 months of rent before he would "mail the keys". + + +Trying to get them to see the light (they didn't believe me when I told them they got scammed), I did the following to build my case (in addition to mentioning everything above): + +* Look up the name of the actual owner of the house - surprise, surprise, the names didn't match up. The house had recently sold to a different couple +* Urge them to try calling the phone number the "owner" was calling from (knowing that it would say the call couldn't be completed) +* I googled the listing agent and reverse image searched the photo that was on the Redfin page - they *only* results that popped up were on Redfin. Testing my theory, I did the same with a friend that's a realtor and the pictures showed up on multiple listing sites +* Brought up the fact that the "owner's" email address wasn't any iteration of their name - on its own, this wouldn't be a red flag, but he told them that he was an executive at his company (thus the "transfer). An executive business professional would most likely have an email that has their first and last name in it +* In the same vein, told them that a business professional would *not* be sending the types of emails he was + + +They provided copies of their ID's and SSNs on their "application", so I had them [freeze their credit](https://www.nerdwallet.com/article/finance/how-to-freeze-credit) and contact Wells Fargo to report the fraud. Outside of doing that, I told them to **absolutely** not send any more money to this person. + + +They're embarrassed and still aren't convinced they got scammed, so for now I'm just going to offer emotional support to them and be kind. They're absolutely the last people I would expect to fall for a scam, so it really is true that it can happen to anyone. +I have the option of fixing a mortgage at 1.1% for ten years (35-year mortgage) or at a variable rate of 1.6%, which allows you to pay it off whenever you like. Am I mad to consider fixing 700,000 at 1.1% and paying the minimum every month because I think I'd be able to save the money at a better rate of interest than the loan? + + +The monthly payments would be 2,000 but I think I could still save 3,000 so instead of putting the full 3,000 against the mortgage as I could with the variable mortgage I'd save 1,000 at say a three-year saving account at 1.4%. + + +Does my logic check out and is there anything I should be aware of that I am missing? +The estate is worth around 900.000 euro. Everyone involved agrees we should sell it, i own 1/2 of it and splitting the money is not an issue. What are the steps i should follow to sell it? +Do we have to be worried about a (possible) incoming recession? The loans right now are pretty cheap, 1.85% nominal. But what about if the recession hits hard? Are we better to wait for a year? Thanks for your advice! + +EDIT: interest rate, possibility. +Hi, everyone. + +Please share how are your portfolios looking towards the end of the current year. Are you up on profit or down on loss, what percentage, what is composition and so on. + +It's interesting to see how everyone did considering that the market was volatile this year. +Edit: *Thanks to everyone who replied with kind words. I hope this post kept at least some people from investing their life savings into Luna/Terra. For any that did lose their life savings: you can rebuild your savings, but your brothers/sisters/mother/father/sons/daughters/friends can't ever buy your life back. Also, some warnings to anyone tempted to pick up a few hundred thousand Luna at a few hundredths of a cent each: Warning 1: don't forget that the number of Luna has exploded from 360 million to 6.5 trillion: about 18,000 X, and UST still isn't worth $1. You will need to buy about 18,000 Luna today to have the same effective Luna stake as you did before the drop. So, if you're paying .00033 cents/Luna be aware that you're paying the equivalent of 18,000 * .00033 = $5.94 for one "before the crash Luna." That's 1/16 of the high. For a coin that just crashed this hard, I'd think twice before paying 1/16 of peak value. Warning 2: If I understand correctly, they're thinking about allowing the* accelerated *minting of Luna to stabilize UST. If that happens, I think you'll be looking at total minted Luna going from Trillions to Quadrillions (and maybe beyond). If they let that happen, you should expect the value of Luna to fall additional orders of magnitude in response... and the coins you paid 33 milli-cents for may be worth 33 micro-cents. ($33 per MegaLuna? Is that the new marketing name?)* + +--------------------- + +I was interested in investing in Terra after hearing about it, but after doing basic early research, I now have big qualms. Help me understand why I'm wrong... Or confirm my concerns. + +Here's the problem I have with Terra: + +Assume I own the entirety of Terra at the start and there are only UST Terra. + +Suppose 1 Luna = 1 USD and there are 2 Luna in existence. + +Suppose 1 UST = 1.01 USD and there is 1 UST in existence. + +My Terra+Luna+USD universe is worth $3.01. + + + + +Now suppose in order to peg UST, I burn 1 Luna and mint 1 UST and sell it. + + + + +I get: + + + + +1 Luna > 1 USD (equivalent) (it's claimed, since supply went down) + +1 UST = 1 USD (equivalent) + +(Sold UST) = 1.01 USD (cash from the UST I sold) + +(total) > 3.01 USD + +The total value of my universe must now be worth >$3.01, if the claim that the value of Luna rises is true. + +*All I did was sell a token for the price it was worth, and suddenly it's claimed that the net worth of my universe is now greater than it was.* + +It makes no sense to me that minting a UST token by moving value from one pool to another should yield created value in the pool that had value *taken from it*. + +This smells to me of a complicated, well obfuscated, Ponzi scheme. + +The more UST you mint, the less Luna there is. The drop in total minted Luna makes people \*think\* Luna should be worth more, so they buy it. In reality the total network includes both Luna AND Terra and the value of Luna shouldn't have changed at all. + +But go the other way: when people start selling their UST because they want to go back to bitcoin, they mint Luna and sell it. Now the price of Luna goes down. The fact that the price is going down and total coins minted is rising encourages the selling of Luna making the price drop farther. If the price drops too far, it can no longer support the burning of UST to get a dollar by selling Luna. + +As far as I can tell, buyers of Luna are basically the pansies that are paying for the exit of UST bag holders. Once people don't want to buy Luna, any remaining Luna and UST holders are screwed. + +It seems to be that as fast as Luna is rising, that's how fast it can fall. + +Explain to me how this isn't true. +Are these really all we have that are worth mentioning? are they the real top 9 or has it been updated since this? i'm looking at dapps and platforms outside of ethereum.. EOS, FLETA, NEO, QTUM.. list goes on + +[https://coinsutra.com/ethereum-dapps/](https://coinsutra.com/ethereum-dapps/) +I’ll keep it short and sweet. We have a little under $70,000 in a taxable account just invested in an S&P 500 ETF. It is basically even right now. We bought a used Ford Explorer a couple months ago at $17,500 with a 7.7% interest rate on a 6 year loan. The payment is only $351.42 a month, and as it sits we put around $3,000 a month into retirement accounts and another $1,500 a month (minimum) into the taxable account. So, as the title states, should we pay off car loan by selling stock or pay the note and continue investing? +How important would you say that understanding the general capital market (like foreign exchange, monetary policy, economic indicators etc)/macroeconomics is to value investing ? +GCS is a tool to import stock data directly into Google Sheets. You just need to put the Google Script in your Google sheet and then use some formulas to pull in data to your spreadsheet. + + +Check it out below: +[https://gilescapital.substack.com/p/introducing-our-own-tools-how-to](https://gilescapital.substack.com/p/introducing-our-own-tools-how-to) +Did anybody read this Version of The intelligent Investor? https://www.harpercollins.com/products/intelligent-investor-benjamin-graham?variant=32130785378338 + +Is this the classic Version of Graham's book without the Stuff from Zweig. +But I have read that Graham revised it's book a few times, so wich is the last real Graham voice? :) +I’m from the UK so I’ll use Trading 212 as an example of a “zero fee” trading platform, and Hargreaves Lansdown as a decent example of a more traditional platform with fairly reasonable fees. + +What is it that the “traditional” platforms offer that warrants the higher fees? + +I understand that you don’t officially own the stocks you buy into on trading 212 (in their words “they own then for you” - not really sure why other than to offer fractional buying power which isn’t offered in the isa section of the app) but I can’t really see the harm in this unless you have a total investment porfpholio value over the £80 000 mark (for insurance reasons). + +I’m currently with a traditional platform but their forex and buying fees are pretty substantial and I’m struggling to find a negative for moving across to trading 212 to maximise returns. + +I’m not acting as a trader as such, I’m just trying to utilise the formula offered by the little book that beats the market (good book, interesting method, would recommend), and therefore want to diversify across approx 30 stocks per year, meaning the traditional platform prices itself out of the market. + +I understand that the “zero fee” platforms gain revenue from the splits they offer on buy/ sell figures, but having done some paper investing on both platforms the charges in the traditional platforms significantly outweigh the zero fee platforms... + +Can you guys help? Am I missing something here? +I've heard that the two most important statements to valuing a company is: + +1. It's balance sheet +2. It's cash flow + +&#x200B; + +I feel like I have a "newbie" grasp of the balance sheet, but I have no idea what i'm looking for in the cash flow statement. I'm hoping that some of the experts out here can help many of us beginners on how to value a cash flow statement, and where to go to learn more. + +&#x200B; + +The link below has the cash flow statements of two very popular companies: + +[https://imgur.com/a/NZecoLL](https://imgur.com/a/NZecoLL) + +Without knowing I would like to know: + +1. which one has the better cash flow statement +2. What fields are you looking at to make your decision +3. What information is missing that would be useful to make your valuation better + +&#x200B; + +I appreciate your responses, and hope that your answers help many of the 20,000+ people subscribed the value investing subreddit. +I think it is a good practice to keep a "wishlist" of great companies that are currently overvalued. + +I am not asking "what companies are overpriced", because then there are at least 1000 possible answers, but I am asking "what are the strongest quality companies (moat+margins+solid financials+solid outlook) that you would jump on first **if** prices came down." + +*Who knows, all of a sudden you might find some of these companies on sale in 2022.* + +Creating this wishlist is also a great way to control your temper and emotions when markets crash, you then have a plan of what to look to buy, that you have built slowly over time and thought through. So you can "think slowly" about building your wishlist, and then can "think fast" in crashes to look to buy some of these companies if prices come down. + +I'll start: + +**~~Google~~**~~: 15% over-valued~~ (at fair value) + +**S&P Global:** ~~25%~~ 7% over-valued + +**Taiwan Semi** : 25% over-valued + +**Adobe**: 50% over-valued + +**Nike**: ~~30%~~ (25%)over-valued + +**Microsoft**: 50% over-valued + +**Applied Materials** : ~~40%~~ (23%) over-valued + +**KLA corp** : ~~30%~~(9%) over-valued + +edit: found a small error in the calculation, updated the numbers + +&#x200B; + +of course, what the fair price/value of these companies should be is highly subjective. The percentages are based on my stock valuation [model](https://www.reddit.com/r/ValueInvesting/comments/s4lk08/i_want_to_share_my_personal_stockvaluation_model/), which is solve for earnings growth, and then compared to the earnings growth I get from looking at \[long-term growth in total assets\] x \[ long-term ROA\]. That means that if you believe any of these companies are going to start growing quicker in the future than they have in the past, my valuations will be off. + +*(I realize that the stocks of these companies may in fact never come down to what I would consider "fair" prices.)* +Legendary investor Jeremy Grantham's firm GMO regularly releases a forecast of returns on key asset classes for next 7 years. This is what the latest forecast looks like. + [GMO 7-Year Asset Class Forecast: July 2021](https://www.gmo.com/asia/research-library/gmo-7-year-asset-class-forecast-july-2021/) + + +US equities around -8% + +International equities around -2% + +US bonds around - 3% + + +Its based on past cycles, valuations, interest rates etc. What's your take? Do you agree? In case you disagree, what is he missing? +The are curently 30 000 calls options open between 190 and 200$. We might see some resistance at 190 because if we get those option in the money and need to be hedge, things can become very very ugly for them. + +30 000 calls represent 3 000 000 shares + +26 000 calls  options are already in the money + +56 000 calls = 5 600 000 SHARES !!!!!! + + +Violent movements are expected just with option chain without shorts covering !! + + +I really can't imagine how fu***ed they are right now. + +What we saw those 10 past days was just the warm up of the warm up, prepare yourself for Adromeda. We leave Today 🚀🚀🚀🚀 + +Edit: Source from Yahoo chain option for gamestop +Don't do anything. + +Don't call the SEC + +Don't call the tax man. + +Don't believe anything you read. + +Don't tweet anyone. + +Don't send things to hedge funds. + +Don't be mean to anyone. + +Don't research and dox overseas hedge funds that may, or may not, exist. + +Before you do anything - just don't do it. + +We're being watched. We're being manipulated. We're being played. (Well they're trying) + +When you see something that urges you to action... + +Stop. +Breath. +Wait. +Calm down. +Then don't do anything at all. +Continue doing fuck all until the MOASS. + +Just buy, hodl and vote (if you can) - everything else is distraction. + [https://buildingdetroit.org/properties/ownitnow/](https://buildingdetroit.org/properties/ownitnow/) + +For the low, low entry price of 1000$ we could each purchase a home in Detroit. Underneath the blight these homes are actually rather beautiful. + +The biggest hurdles of restorations will be structural damage, asbestos removal, electrical & plumbing. + + [https://en.wikipedia.org/wiki/Decline\_of\_Detroit#Urban\_decay](https://en.wikipedia.org/wiki/Decline_of_Detroit#Urban_decay) + +There are reported to be over 70k empty buildings, 35k homes, & 90k vacant lots + + [https://en.wikipedia.org/wiki/2017\_Detroit\_mayoral\_election](https://en.wikipedia.org/wiki/2017_Detroit_mayoral_election) + +We would need right about 100k autists to take control of Mayoral Office. I nominate u/StormwillPass to lead the special. + +With this power i put forth a motion that we kick the big 3 out of the city. As a younger Michigander i hold disdain for these companies as they've managed to build up cities just to let them fall (Pontiac & Flint) They literally would have went out of business but we bailed them out. + +The only people that work for them anyways are unionized boomers (gross) + +Next we bring in daddy Musk & overlord Bezos. + +Tesla is actually banned from opening a dealership in Michigan, lol. + + [https://fortune.com/2016/09/16/tesla-denied-license-michigan/](https://fortune.com/2016/09/16/tesla-denied-license-michigan/) + +The central location of the city will make for a great shipping hub. Millenials will flock from everywhere cause it'll be the hip new cool place. + +Real estate prices will soar making us all rich in the process. + +Congrats on the only 10 bagger you'll ever make. +Hey algo traders! I hope you are well. I’ve always had an interest in algo trading and had a question. May be very basic or stupid, but it’s been a curiosity I’m hoping you can help me itch. + +Now, computer are powerful, albeit expensive. Could one not write a script just to analyze all securities in all markets, moving averages from all times, correlated with larger economic indicators (inflation, sentiment, etc.) and at least have a good idea of the odds of a security moving one way or another? I mean, I know this would be a complex algorithm, and would take a lot of computing power, but has anyone done this? I would imagine with enough power there are securities with movement that has significant odds and couldn’t one create a program that allocates a certain amount of capital to something with a higher odd of moving a specific way? + +Again, a big itch of mine, I hear of the large firms having such success and is this all just due to computing power?? Help a man out. + +Sincerely, fellow trader. +I'm referring to this post. https://www.reddit.com/r/Superstonk/comments/nggu0y/blackrock_sells_62876_shares_and_ubsmetlife/ + +I took a look at Fintel and even though I don't have the subscription it still lets you see some numbers. + +For Metropolitan Life Insurance Co., you can see that as of the 03/31/21 13F filing, they have 15,000 shares, at a $1000 value of 2,865. That would mean they're GME Shares are valued at 2,865,000. Divided that by 15,000 shares and you have an average cost basis of **191 per share**. The average cost basis that Fintel lists doesn't even mathematically compute given their total value and number of shares. + +https://prnt.sc/134x2bi + +https://fintel.io/i/metropolitan-life-insurance-co-ny + +GME would have been priced at 191 multiple times before 03/31/21 after the run up from 40 dollars in February. + +I don't know what exactly other posters were looking at but I don't see that when I go to Fintel's site. + +The same goes for UBS Asset Management. https://fintel.io/i/ubs-asset-management-americas + +62,845 shares at a 11,929 (x1000) value of $11,929,000 equals to an average of about **189 dollars**. GME was sitting at around that price before 03/31/21. + +**TL,DR: The average share cost was likely an error because it does not mathematically computer with the other numbers given in the charts.** + +*Disclaimer: I am an idiot and I think this is actually the first post I've made on GME besides commenting a lot, so if I'm completely wrong, go easy. Lmaooo* + +**Edit:** Dave Lauer also calling it as an error. https://www.reddit.com/r/Superstonk/comments/ncj6q6/fintel_showing_two_new_institutional_holders/gy5ef9b/?context=3 + +**Edit 2:** The post where Dave Lauer is calling it an error is also 5 days old. So it's been disproven for DAYS. +Since we have many threads about what stocks we think will rise, lets have one about what stocks we think will fall. + +What do you think is overvalued? What do you see dropping in the future? What company would you not touch with a twenty foot pole right now? +Quoting Bloomberg. + +>Zuckerberg appeared red-eyed and wore glasses, the person said. Employees were told he might tear up because he'd scratched his eye. + +Sounds like losing 21 Billion in net worth over night will cause “eye scratching” + +Personally, I am actually long FB with 10 shares but I'd happily set that go to zero if it means Facebook goes down. Nothing excites more schadenfreude in me than Zuck losing billions. + +Anyways the metaverse is a stupid fucking idea. No one wants to wear goggles and completely immerse themselves in FB's dumb virtual world. +We shill the "buy the dip" line on this sub all the time. Constantly people say they'll buy it, but this is where you make good on all those hype moments. DCA over this dip and HODL, we will ALL be winners here 10 years from now. + +Not financial advice. I am not a financial advisor. +Like many of you whippersnappers, I started trading GME around the first runup back in January. + +&#x200B; + +[Remember when Robinhood had bugs like this? Actual gain peaked around \~40k](https://preview.redd.it/a01loy70ggx71.jpg?width=1125&format=pjpg&auto=webp&s=50ed6bf0cf9527810323edde17be1eff52a52bfc) + +After substantial emotional devastation, I woke up to protect the world from devastation. + +That was until about a week ago, when this bad boy walked in like a dime piece getting ready to make some change. + +I bought in today and ended up at $5.72 for 11 11/5 calls at $250. + +Admittedly, I'm ~~definitely but my ego won't let me believe it~~ probably early, but I haven't seen anyone post about this and I really do think it's meaningful. + +You have the market going endlessly higher with no problems in site. Mass inflation that J powel just confirmed isn't going to be stopped if the markets throw a hissy fit. You have a cult fanbase of people that won't sell shares, ala tesla. And best of all, once again, **it's breaking the major downtrend**. + +&#x200B; + +Buy next Monday if you don't want to pump my calls, which are currently down about \~37% for transparency's sake, but I genuinely fail to see how this isn't significant. Sure there's a chance that we have a blood red correction back into the previous trend...but I found myself asking: + +"Does the iv of this play align with my risk tolerance?" + +Well this is WSB and I don't come to the whore house to cuddle. Of course it does. + +What's a -100% loss when you can have ~~zero~~ infinite profit? + +**Please convince me this isn't the start of a breakout.** + +&#x200B; + +https://preview.redd.it/w8nfcq2yfgx71.png?width=1151&format=png&auto=webp&s=8085ee94e3405279d80df1d7e825129ef38f6d8c +Hi, I have two properties with (4) independent income streams and I was wondering when and if I should transition the properties into a LLC? Is it advised to create a separate LLC for each property, and will it reset my 10 mortgage rule for down the road? + +I was planning on acquiring two more investment properties this year and next year and was just hoping for some advice. +First time investor looking to buy a rental property in the next 6 months. Someone recently brought up an interesting point that if you buy when the market is high and a recession happens you may have to decrease rent to retain tenants and that may not meet your mortgage amount. I feel like thinking about this would make you never want to get a property, but I imagine experienced investors who've been through recessions have a good formula for this. +My wife and I have 40k in our saving account, I've never really been into the stock market but with the recent crash I thought about putting some money into it. + +My initial plan is to put 20k into I bonds and get 9.62%+whatever rate this November get that fix income with no risk, then 12k into a Roth IRA (just opened one for myself, haven't open one yet for my wife) and keep the remaining 8k as emergency funds. + +Or should I just put 10k into a etf like voo, VT or schd in a taxable account, 10k in i-bonds then 12k into both Roth IRA, keep 8k for emergency. + +Or go all in 20k into taxable account, 12k Roth then 8k emergency + +Edit: thx for all the useful information, so i made up my mind I'm gonna put 10k into i-bonds, 12k to Roth for this year then 12 more for 2023 then keep the rest for emergency funds +To pay medical bills for my child. I’m just so sad all around. I did it for a loving reason but I just thought I’d share it’s ok to just be sad sometimes. And to have set backs. We felt like we were finally in the clear and felt like we had our shit together. It was a beautiful 4 months. I can’t stop crying and I didn’t think I was materialistic. + +Edit: I’m overwhelmed by the love and kind words. Thanks so much everybody. Reddit community is the best. ❤️ +There is always...*always*...a new round of bear-trolls with the "I'm smarter than the market *and* everyone else" mentality when the price declines like this. + +TAKE NOTE: This is *at least* the 3rd time I've seen this cycle play out with ETH. (If that's news to you, then you may be in trouble.) + +The very first time occurred just about 13-14 months ago for those who were *even around* back then (and paying attention) to remember it. + +You know...back when ETH was at ~$1.20 around Sept 2015 and then declined from there down to about $0.50 USD through Nov/Dec 2015? + +Bear-trolls were running rampant on here! It was "game over man!", "ETH is a scam!", "ETH is shit!", yada yada yada. + +Yet here we sit!! LOL + +How many of the bear-trolls posting today were even around on this sub back then? By the looks of it, not many. + +If you're one of those people (a.k.a. a Johnny-Come-lately bear-troll) then you have little-to-no credibility in terms of talking about *anything* sentiment-wise when it comes to ETH. + +To me, the explosion of negative submissions / posts / comments are indeed signalling that the bottom must be close. + +Remember, tops occur with extreme positive sentiment and bottoms occur with extreme negative sentiment and I'm seeing WAY more negative posts than positive. + +Bear-trolls, I'm sure you won't be able to resist chiming in on this thread and continuing to prove my point. Derp! LOL + +And don't forget bear-trolls, just because you're desperate to buy some cheap ETH -- because let's be honest, that's really what all of this is about -- i.e. you've missed the boat and now want to be ON the boat -- understand that greed goes both ways. + +If you've convinced yourself that things are headed for $3 and we bottom at ~$7 and bounce hard from there. Then guess what? + +[You've just become this guy.](https://ioneglobalgrind.files.wordpress.com/2013/10/finn-hudson-chasing-train-rachel-berry-new-york.gif) +Hey again FatFire crew - I’m on a flight and don’t feel like working so here’s the 2nd post. + +I’m on the verge of pulling the trigger on a dream car - exotic in the 200k+ range. I’d love to get some perspective on owning one of these cars. + +I have two big questions for owners of these sort of cars - + +1. I’m having a hard time justifying the spent. As a kid I grew dreaming of owning a car like this. But finally getting here, I look at everything as a trade off - if I buy this car, I can’t do x investments this year. Or I could use this money for good, I could donate it, provide scholarships, etc etc. + +Those that own these types of cars - any perspectives on why you made the buy? And on the flip side, those that have the means but decided not to make a purchase - what was your logic? + +2. If I were to buy this car - any downsides that are not super obvious that I should be aware of? I know maintenance will be a bitch ($28k for ceramic brakes!!). But anything that didn’t become obvious until later? Eg - I’m worried about how ppl might treat me. Right now We live well, but no one (friends/family) quite know how fortunate we’ve been. This would be quite the conspicuous purchase. It would be the biggest flash of wealth ever and it seems like there is no turning back once you have it. + +Owners of exotics - any regrets that you didn’t foresee? + +Thank you all! + +Edit: brakes not breaks 🤦‍♂️ + +Edit 2: Bought the car - got delivered yesterday- Merc AMG GT R Roadster - went on a 2 hour drive and was loath to put it away for the night. +You **gotta** start sorting by new and upvoting info that’s already been posted instead of just slapping down your screenshot that’s already been shared 2947 times. We know you can vote on a new broker now and hell yeah that’s incredible! But sorting by rising, all you see is a clutter of voting screenshots. My daily routine is to wake up and browse the subreddit for new info/hype material. I did that for about 10 seconds before I realized it was useless bc the entire subreddit was flooded with the same exact screenshot. + +PLEASE hype one post if it’s relevant to what you wanna say. DON’T create fifty seven more posts of the exact same thing, it’ll scare off new apes and dilute the quality of this sub. Post a funny meme, post text about why this new voting info is incredible, just *pls* stop sharing nothing but another screenshot, I beg you. +Since last weekend, the Ethereum community has been torn apart by an unprecedented culture war. Two camps have formed, and there is no indication that they will find common ground anytime soon. I will not take side with this post, as I only want to inform people of this issue. + +**So... What exactly is going on?** + +One of the pillars of the Web3 movement is the Ethereum Naming Service (ENS). This is a way to associate a public address with an easy-to-remember address; rather than telling your friend to send ether to you at 0x1234abcd..., for example, you tell them to send that to "yourname.eth". It may not matter much today, but this protocol is a part of the foundation on which much of Web3 is built. + +One of ENS's most influential developers, Brantly Millegan, has made some very controversial tweets about homosexuality, trans people, masturbation and pornography. Brantly is a practicing Catholic, and he has stated that all of these things are "evil". + +People in the community asked him to withdraw his words and apologize, which he refused. + +**Why did the situation escalate?** + +Soon, two camps were formed. + +On the one hand, those who believe that Brantly can say whatever he wants, since it is his freedom of speech. These people do not necessarily endorse his positions, but they defend his right to express them. They argue that the essence of Web3 is permissionless. In their view, nobody should be cancelled for their personnal beliefs. + +On the other hand, there are those who believe that Brantly views are dangerous and hurtful to members of the community who are gay, transgender, or who use pornography. They are afraid that, as a public figure in the Web3 community, Brantly will scare away a lot of people with his opinions. + +We have all the ingredients for a good old-fashioned "wokeness versus free speech" conflict. + +**What are the consequences of the dispute?** + +Brantly was removed from his position by the organization that manages ENS. Some of the "free speech" fringe reacted by selling their ENS tokens, and some even gave up their .eth domain entirely. + +On its side, the "woke" fringe hopes that such incidents will not happen again. They are gathered under the name "ENS is for everyone", and they militate for Web3 to be a safe space for everyone. + +**What's next?** + +I don't know, and nobody knows. But this first culture war is a great test to determine the values of Web3. Do we want it to be a bastion of free speech, or do we want it to be a welcoming place for everyone? The next few weeks are gonna be interesting, that's for sure. + +Thanks for reading, and I hope you learned something from me today! What do you think about all this? + +EDIT : *Please be respectful in your comments, the discussion will be of better quality that way.* +HEllo, +I am new to the crypto currency and after around a week of reading everything i could put my hands on, I think it is time i put some moeny into it, will put around 200 - 300 euro for now, as i dont wanna put more than i can afford to loose. + +I noticed that since Mars a huge bump happened for almost all the altcoins, with May being crazy, is now a good time now to buy some LTC for example? ETH ? + +I will buy some SIA coins as well as i like the decentralized storage idea, and i am waiting for mysterium as i like the technology (VPN), however i have no idea how ICO works, if anyone can help explain this to me? + +Edit: My aim is to get used to cryptocurrency trading, learn the basics, so in 6 months from now, i will invest more in it, i see this first investment as learning materials. +I have a few friends that are very technically challenged but want me to handle $100k+ of bitcoin/ether/etc. Curious to see what people would advise is the best way to store and manage crypto in that scale. Would you recommend a paper wallet, usb wallet, etc stored in a safety deposit box in a bank? +........ripple is getting a higher market cap than BTC? How will it impact the market and BTC itself? + +Why are people dont realize that xrp is the completly opposite of a decentralized currency? +So I'm currently in the middle of a promotion from a Facilties assistant to Facilities Manager , I'm good at my job and cover a lot of things in my day to day. + +I was on £24,200 and my company have said they are going to offer me £30,000 for my new role. +I completely understand that this is a good jump and would settle with it but industry standard for this job description is well above 30k. + +Any advice appreciated as I don't want to be too forceful with them incase I piss them off 😂 +I've been mulling on this over the last few hours..... + +So Melvin was short a shitload of GME (and presumably a few other basket stock too). + +Theory goes that earlier this year Melvin was relieved of its short positions by Citadel + others. + +Melvin then "goes long", which presumably means it needed to open new positions in the likes of Facebook, Peloton, Netflix etc..... + +Looking back now, its pretty terrible timing, presumably they had to take these positions from someone. + +If I put my tinfoil hat on, how fucking convenient is it that Melvin Capital has an investment vehicle, that just starts to take on a shit-ton of long positions in companies that just go to shit shortly after opening their position, and then the convenient answer to that is to try and just wind it up and then start again. + +Have Point72/Citadel/Susquehanna (or whomever) basically turned Melvin into their own custom-made bagholder knowing that there was trouble brewing and their plan was to basically burn Melvin Capital investors having crystallised the gains +I've listened to the marketplace podcast, and I think podcasts are a good use of time while walking to various places. Do you guys know of any good ones that talk about the markets/stocks ect? +I've listened to the marketplace podcast, and I think podcasts are a good use of time while walking to various places. Do you guys know of any good ones that talk about the markets/stocks ect? +Hi EthTraders/HODLers. Looking to find what you guys consider the most underrated ERC20 Token and why. I only cover projects I believe have the best fundamentals on my channel and would love to get your thoughts. Cheers :) +Let's mix things up. Instead of the typical doom and gloom that is engulfing crypto conversations like a black hole, let's predict the price during the next bull run. + +At $83 per ETH at the time of this writing, ETH is an incredible purchase. Nothing, in my opinion beats the low-risk / high reward yield (compared to other cryptocurrencies) that ETH could provide moving forward. + +Institutions are looking at ETH next for futures (BAKKT stated interest in ETH futures) as well as possible futures through the CME and CBOE, this much interest could really spark a huge run for ETH. + +What's your price prediction, please specify why you believe that. All prices are dated for the 'peak of the next bull run.' + + +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of July 30th💜🚀🚀71.3 MILLION SHARES!🚀🚀 + +[latest 10Q](https://investor.gamestop.com/node/19906/html) + +https://preview.redd.it/ullae1s83nm91.png?width=722&format=png&auto=webp&s=8771b20b28e33a0c4c178bd07fe36a328d628bb2 + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[August Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/?context=3) + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[Do your DUE DILIGENCE and please make the right choice for your own situation, whatever that may be!](https://www.reddit.com/r/Superstonk/comments/x6y4tx/drsing_iras_concerns_regarding_custodian_method/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[How to Guide - Self-directed IRA (SDIRA)](https://www.reddit.com/r/Superstonk/comments/w4rpor/how_to_guide_true_selfdirected_irasdira_custodian/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[covered vs. non-covered shares](https://www.reddit.com/r/Superstonk/comments/xe9mjx/with_all_the_drsing_happening_in_the_sub_lets/) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?(extremely common question)** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +[A visual Guide to purchasing from Computershare](https://www.reddit.com/r/Superstonk/comments/prvovo/new_computershare_account_via_new_purchase_visual/) + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us) + +[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +[Detailed post explaining how to sell online](https://www.reddit.com/r/Superstonk/comments/xqah65/want_to_know_what_happens_when_you_sell_with/) + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number: 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) + +^(\*not financial advice) +AMC currently up 60% last 5days. +GME currently up 40% last 5days. + +I’m just curious to see what’s everyone exit strategy? I’ve seen a high open interest for 35c 40c for AMC and 350c 400c for GME in July. + +Or are you just riding the the fomo wave until we bankrupt one of these hedge funds.. +My husband is from India and we're trying to finance a trip back to his home, shooting for December. It's us (30F and 30M), plus two toddlers (4M and 2M). This is the first time we've ever been somewhat financially stable and I'm scared to death to put us in a compromising position. We're already on a tight budget and only have just under $5k in savings. I'm mostly worried about the flight costs. Thankfully, we've already paid for/received our passports and my husband is on salary so we won't have to worry about income for bills back home. + +What would be the best way to finance the trip? Should we get a personal loan or put the tickets on a credit card? I have a Discover It card that's currently carrying about $1k with a $20k limit, but the APR is pretty steep. Can I call and ask for it to be lowered since I have good credit? Is there something else I haven't considered? No one in my family has done international travel and they're pretty poor at managing their finances, so I'm pretty much on my own with this. Appreciate any and all help! + + +Edit to add: +Thank you to those who gave such good advice! I really appreciate the CC and airline tips. However, I absolutely was not expecting so many people to tell me not to even go. There's so much more information I could've gave as to why it's an important trip (because the wedding isn't even that big of a deal, we were planning for December before we even knew about it), as well as about our financial situation, but I really didn't want to get into it too much - definitely didn't want to justify why we need to take this trip when we do and with what we have. + +With that said, I wish we could wait a few more years, but there's business my husband needs to handle back home asap, this is the only time of year my husband can take off this much time from work, it'll be more difficult to manage time off when I return to work (I'm sahm until the youngest goes back to school), we don't know when there could be another lockdown, his grandparents are ailing, and everyone is missing everyone. + +I know it's not financially wise to put the trip on a CC, but we don't have many other options. My husband will be looking into getting a cash advance from work when he does his yearly salary negotiation next month, he'll have another bonus coming in while we're gone, and then there's our tax returns this spring. So hopefully we won't have to put too much on CC and we'll be able to pay it off quickly. It's not the first time we've had to put so much on a CC and we've done well enough to take care of it. + +Obviously, we have more work to do to get on better financial footing and we'll get there, it'll just take longer. Marrying an immigrant hasn't been cheap - you know the deal, two steps forward, one step back. It's not like we own a lot of property to lose anyway, this trip is our priority over anything else right now. +So this is going to sound entitled as hell but please forgive me. I think this is the only sub where I could hope for any relevant advice regarding my situation. + + +So my 29th birthday is coming up and I'm not sure what to do with myself. To make a long story short my family gave me property in my early 20's after college and I'm been living off the rents ever since. Several years ago I got involved in vanilla futures and as of 1st quarter of last year I have almost doubled my net worth. I am sitting on $27M in property, paper assets(stocks, bonds, and money market accounts), and hard currencies and just don't know what to do with myself. I don't want to play the stock market. I have a financial advisor/planner I am very happy with. I tried being an active landlord and hated it so now everything is done through a contractor. I volunteer several days a week every week just so I consistently have something to do that's a "good" use of my time. + +I'm vacationing to Iceland for the rest of the month and hoping when I come back to the States I'll have an idea what to do with myself. + + +Those of you who've been in this position or have thought about it. What do you do when you don't have to work? What would you do if you were in my position? I feel like my whole life is in front of me but I have no real goals to strive for. I already did everything the powers that be say people are supposed to do and I didn't need to do any of it. +I’m 23 years old with 20k in my savings account . It took me a couple years to save this amount of money. I still live with my parents and I don’t have much debt . I’ve been looking at Ethereum for awhile now, and I’m willing to invest all my savings into Ethereum and hope for the best. Probably hold it for 3+ years or so. Really just want to help my parents out of debt . It’s gone down i believe around 70% since all time high. In 2018 when it all came crashing down it was around 80% . I’m new to this and I’m ready for the high risk high reward and everything goes has plan. I will like some advice from the more experience veterans on here . Should I just go for it ? +Just thought id come on here and look for some advice, I’ve no idea where to start or how to plan properly for a comfortable financial future. + +Im almost 25 and I’ve never prioritised long term saving. Im investing in myself in other ways for the future such as studying software development part time and keeping up my fitness but I can’t help but feel guilty and dumb when I compare myself to others my age who have a lot of savings and financial stability already. + +What advise would you give to someone like me? I really want to change and ensure I get smarter with money. It causes me a lot of anxiety because I feel like I need to be better at my age. Granted I’ve only been working full time after previous degree for 1.5 years, I still feel inadequate. + +I do save something but only for short term things such as electronics and holidays. + +My current situation: +Weekly pay: €520. +Left after expenses: €250 (Important stuff such as bills, fuel, food etc) + +Debt + +-Loan 1: €800 @ 7.9 APR interest + +-Loan 2: €1200 @ 11.2 % APR interest +https://www.marketwatch.com/story/starbucks-raises-dividend-by-10-2020-09-30 + +Very comforting seeing Starbucks, let alone a consumer discretionary company, increase their dividend. Just stay the course and keep your high quality companies close! +I am confused as to why the stock market is doing well when we are in an economic slump that has set a record. Trying to understand finances in general a bit more so sorry if there is an obvious answer. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I recently started trading. Since pension plans suck for my generation in my country I decided to take things on my own. I started by myself and didn't share my thoughts with my family since I felt they would just panick and recommend me to just get a savings account. Eventually I continued learning and getting confidence in my approach and strategies so I started telling my brother. He has a complete opposite view of life itself. He is usually risk averse and even the thought of changing jobs to get a chance of better salary and benefits is difficult. + +I started with him because I thought he would balance my views and he also follows the stock market. I found out there is always more to my strategies. Since he is prone to look at the risks, he has pointed out flaws in my logic that I'd otherwise could've missed. The arguments can get intense but in the end we are family and we try to keep it logical. + +After a while I got the confidence to explain my parents what I'm doing with my savings. After hearing me out and seeing the results they were supportive and gave me wisdom that I'd miss otherwise. They may not have experience in the stock market but understand people and went through tough decisions in life. They gave me advice on a more psychological way. Things like being kind to yourself when losing and always keeping the eyes on the goal and not letting your fears dominate you. +I learnt a lot from them even though I never expected to. + +This post is for those loners out there that feel they can't share their thoughts or strategies with people they trust. I think they should try and take their information openly, they may get a nice surprise or at least hear themselves out and find flaws in their logic. + +I hope this post helps someone become a more balanced trader. I will keep bouncing my ideas with my family from now on and even more people I'm close with, there might be some hidden wisdom I'm missing. + +Cheers and happy trading. +Pertinent info, I'm 29 and in the USA and I was homeless for a few months living out of my car, lost my job due to medical reasons and just recently got back on my feet somewhat. I got a job that pays a bit more that liveable wage in my area but I'm massively in debt. I have roughly 7k in credit card debt and around 3-4k left on a car loan where i no longer have the vehicle. (I'm unsure of the exact amount since i can't look at the car account anymore) + +A bit before i became homeless i stopped making payments on the car and credit in attempt to keep my own apartment and myself fed. Due to me not making payments in so long the loan providers taking me to court and im unsure of what to do. + +Now on to my actual question i have a 401k through a previous employer that amounts to roughtly 16k, would it be a wise move to just accept the 10% lose + tax on cashing it out early to try to settle the loan debt and use what's left over on the credit cards? + +My main worry is with the loan i make enough at the moment that I'm eventually going to dig myself out of the cc mess(already managed to pay one of them off). Also the reason i didn't use the 401k earlier was because i wasn't really aware of it. I knew i had one from that employer but i wrote it off after that job ended, received a statement about it and figured out how to check on it after the whole homeless debacle. +Pretty much title but UK jobs only! I found it unrelatable reading about a garbage collector in NY making $100k/year. Curious to see what unexpected jobs bring in the big £££s + +Edit: Let's present figures to back the job title up whenever possible, please! +A company has been calling my mom multiple times looking for me (why aren't they calling me) I finally called them today and they say they are a check advance company and I owe them money from like 2010. They are sending a summons to my house between 12-4. The amount owed isn't much of an issue I can easily pay that but what is going on here? Why does this company have all my information yet has never sent me a bill or this is not on my credit report. Why are they waiting ten years to come after me when if they just sent me a bill I would have paid it. Also I did use a pay day loan once when I was in college (stupid I know) but I swear on my life I paid it back a week later to risk owing more money. Is there anyway this is legit? + +*edit- did some sleuthing so the actual company that has been calling is called Absolute litigation or something and I guess represents the cash advance place but everything I look up on line this place also screams shady + +*edit- also last week they were leaving voicemails that they had an urgent fax for me. I mean who uses a fax these days. + +*update- apparently my sister had nearly the same scam come after her a year ago and were calling her dad and grandparents. She went to the police and they told her its most likely a scam. Will be stopping by my local police station soon to file a report. + +**Update 2- I went to the police station and I spoke to a nice officer who also believes it to be a scam. She even called the number and when identified herself as a police officer they said ok one minute and then sent her to voicemail. Also since many asked the info they had was my current address and phone number and email. Also my old college apartment and the bank account info I used when I stupidly used a cash advance loan (I have closed that account years and years ago so the acct isn't even relevant anymore) they also though were using my maiden name so that also threw red flags at me right away. Thanks everyone for your advice I'm pretty sure this is 100% a scam. +# PART 1: FIRST CONTACT + +Two days ago, I was looking through the DD section and found something interesting: a since-deleted post titled “The invisible shorts and the unfriendly whale” ([https://www.reddit.com/r/Superstonk/comments/mr5mot/the\_invisible\_shorts\_and\_the\_unfriendly\_whale](https://www.reddit.com/r/Superstonk/comments/mr5mot/the_invisible_shorts_and_the_unfriendly_whale); EDIT: can be found at [https://web.archive.org/web/20210415022513if\_/https://www.reddit.com/r/Superstonk/comments/mr5mot/the\_invisible\_shorts\_and\_the\_unfriendly\_whale/](https://web.archive.org/web/20210415022513if_/https://www.reddit.com/r/Superstonk/comments/mr5mot/the_invisible_shorts_and_the_unfriendly_whale/)). This was essentially a bear thesis, and while I’m unable to recount the entire DD by memory, its primary arguments were: + +* The short interest has drastically decreased and is no longer high enough to sustain or imply a short squeeze +* The movement in the stock price since the January spikes can largely be explained by institutional whales taking advantage of the high volatility to make options plays and is not indicative of an incoming short squeeze + +Now, before you all dismiss the DD author (or me) as a shill, hear me out. Although I’m bullish on GME, I’m of the opinion that both sides of an argument can be equally valuable and insightful if they are well-researched and well-argued. This DD—in my opinion—was. Hearing the opposing side’s case can help you formulate a clearer view of the situation while taking factors you might not have previously considered (due to bias) into account. + +While I unfortunately don't have a copy of this counter-DD (and don't know how to access/view deleted posts, maybe someone can help me out; EDIT: here it is [https://web.archive.org/web/20210415022513if\_/https://www.reddit.com/r/Superstonk/comments/mr5mot/the\_invisible\_shorts\_and\_the\_unfriendly\_whale/](https://web.archive.org/web/20210415022513if_/https://www.reddit.com/r/Superstonk/comments/mr5mot/the_invisible_shorts_and_the_unfriendly_whale/)), I do have a copy of my initial response to said DD (which does restate what I believe to be the primary components of his thesis, so you can understand what I’m responding to), along with a copy of *his* response to my response (something that I will, in turn, be rebutting in all of Parts 3, 5, and 6—although Part 6 is more of an ordered synopsis—of this post). My initial response is as follows ([https://www.reddit.com/r/Superstonk/comments/mr5mot/the\_invisible\_shorts\_and\_the\_unfriendly\_whale/gukwueq?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mr5mot/the_invisible_shorts_and_the_unfriendly_whale/gukwueq?utm_source=share&utm_medium=web2x&context=3)): + +**1.1: Poking the Bear** + +“Hey there. As opposed to the barrage of mindless downvoting and baseless accusations that are getting hurled at you, I’d like to try and start some sort of civil discourse. I simply ask that you hear me out and read all that I have to say before responding. Your DD does bring up some good points, with, in my opinion, the most pertinent ones being the low borrow fee and the drastic decrease in FTDs. If you don’t mind, these are the factors I’ll be focusing on because, as I said, I believe that these are the most relevant components of your thesis. According to Investopedia, “the degree of short interest, therefore, provides an indication of the stock loan fee amount. Stocks with a high degree of short interest are more difficult to borrow than a stock with low short interest, as there are fewer shares to borrow.” Therefore, it stands to reason that a high short interest yields a high borrow fee, and that a low borrow fee implies low short interest, as you say. The borrow fee is actually something I’ve been keeping an eye on for the past few weeks or so, and, indeed, the consistently low rates you mentioned have perplexed me as well. + +Now, the FTDs. You claimed that the FTDs and the borrow fee were strongly correlated, so I checked the graphs (from [https://wherearetheshares.com/](https://wherearetheshares.com/) and [https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME), respectively), and once again, you’re completely correct. FTD spikes in late April to early May and early to mid October of last year pretty much line up perfectly with jumps in the borrow fee around the same times. Additionally, I dug up the FTD data ([https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm)), and, like you said, they have drastically decreased since the start of the year, going from \~15 million in January, to 974k in February, to 386k in the first half of March. If short interest is indicated by the borrow fee, and the borrow fee is more or less perfectly correlated with the number of FTDs, one may justifiably infer that a drastic decrease in the borrow fee and the number of FTDs indicates a drastic decrease in the short interest as well. This is a perfectly reasonable conclusion to arrive at (as you have), and after checking the data for myself, I began to agree with said conclusion. I would describe myself as a pretty rational guy, and the data, at first glance, seems very damning. However, after doing some more research, I have come to believe there is something you failed to account for. + +Now, if my memory serves me correctly, I began to hear about large purchases of deep ITM calls as early as February. My reaction was somewhat naive: I simply assumed that this was yet another bullish signal, that big money was betting on the price to go up. Sometime after that, though, I began seeing DD about how deep ITM calls could actually be used to obscure short interest. Now, I will admit, this sounded like some wild and needlessly abstruse speculation to me at first. However, I later came upon this article regarding the filing (and potential passage) of SR-DTC-2021-005: [https://tokenist.com/is-wsb-reddit-army-about-to-make-a-comeback-with-tweaked-trading-rules/](https://tokenist.com/is-wsb-reddit-army-about-to-make-a-comeback-with-tweaked-trading-rules/). Note that this is from a credible publication ([https://finance.yahoo.com/news/tokenist-receives-perfect-newsguard-rating-180400009.html](https://finance.yahoo.com/news/tokenist-receives-perfect-newsguard-rating-180400009.html)) and written by a similarly credible author (“He started his career with GE in engineering and operations management where he held various leadership roles before leaving to pursue an MBA (he is a proud former co-chair of the Milton Friedman Group at Chicago Booth). After business school, Tim spent several years with Baird Capital where he made private equity investments in consumer and industrial companies. He left Baird to found Protective Technologies Capital in 2018, where he continues to make private equity investments in family businesses looking for help with succession planning.” for Tim Fries at [https://tokenist.com/about/](https://tokenist.com/about/)); the article states that the new regulation implies the following: + +* Hedge funds would no longer be able to hide their positions by abusing call option ITM trading. Unlike futures, call options refer to financial contracts that give the buyer the right to buy assets without having the obligation. In turn, ITM – In The Money – call option happens when the underlying security’s price is above the call option’s strike price. +* Of course, with such a price differential, this gives ITM call options value, which can then be sold. When hedge funds then sell ITM call options, they mask their short positions, which appear as having been closed. +* Likewise, this would countervail synthetic put options strategy. This stock market stratagem revolves around combining long call options with short stock positions.  This is done for the purpose of mimicking the long put option, or synthetic long put. In short, when synthetic shares are traded in conjunction with options, they provide an appearance of a closed short position. + +Okay, so what? Admittedly, this didn’t mean much to me when I first read it. I basically just thought, “Oh, so the theories about deep ITM calls being used to obscure short positions weren’t just baseless and schizophrenic speculation akin to apes asking if Elon would be the next CEO? Cool!”, and moved on with my day. However, your DD dislodged this quaint little memory for me, so I looked up the article and found it to be incredibly relevant, seeing as how it pertains to the potential obscuring of the short position (something you vehemently declare to be improbable and overly conspiratorial). However—even if they are from a seemingly reliable source—a few snappy bullet points aren’t enough for me (and I’m guessing they aren’t for you either, my fastidious friend). Luckily, combing through your DD for inconsistencies did yield another memory: two incredibly well-researched and plausible pieces of DD regarding the subject at hand. I won’t attempt to summarize them (as I wouldn’t do them justice), but please do give them a read: + +[https://www.reddit.com/r/GME/comments/mhv22h/the\_si\_is\_fake\_i\_found\_44000000\_million\_shorts/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[https://www.reddit.com/r/GME/comments/mi31m6/deep\_itm\_calls\_activity\_pt2\_april\_1st\_708000\_ftds/](https://www.reddit.com/r/GME/comments/mi31m6/deep_itm_calls_activity_pt2_april_1st_708000_ftds/) + +In my opinion, these are painstakingly thorough (the first more than the second, seeing as how the latter is more a companion piece largely comprised of pure data in comparison to the pairing of data and reasoning/argumentation in the former), backed by hard data, and realistically palpable. Additionally, I’m tagging the DD author ([u/dejf2](https://www.reddit.com/u/dejf2/)) as I’d like to see his thoughts on your DD. This is a collaborative forum, after all. + +Finally, I’d like to provide a few relevant passages from this SEC paper (also referenced in the previously linked DD; I’m a bit of a citation grubber, can you tell?) on—you guessed it—resetting FTDs through the utilization of various options-related strategies, titled “Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations” ([https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf)): + +“The trading strategies discussed in this Risk Alert could be used to give the impression that purchases by the short seller have satisfied the close-out requirement of the clearing firm or the broker-dealer to whom a fail to deliver position was allocated. We have observed, however, that in reality the purchased shares in question are often times not delivered because of subsequent options trading used to re-establish or otherwise extend the broker-dealer’s fail position without any demonstrable legitimate economic purpose, such that the clearing firm or broker-dealer allocated a fail to deliver position does not satisfy the close-out requirement.” + +“Although an options market maker engaged in bona fide market making activity may claim an exception to the locate requirement, to comply with Reg SHO, the options market maker must still deliver shares in settlement of the short sale, or if a fail to deliver position results at the clearing firm, the fail to deliver must be closed-out in accordance with Rule 204 of Reg SHO. It may be a violation of Regulation SHO, however, where the options market maker does not deliver shares, and instead engages in a second, subsequent transaction in order to give the appearance of satisfying the clearing firm’s obligation to purchase or borrow the security to close out the resulting settlement fail pursuant to Rule 204 close-out requirements (“reset transaction”).” + +“Assuming that XYZ is a hard to borrow security, and that Trader A, or its broker-dealer, is unable (or unwilling) to borrow shares to make delivery on the short sale of actual shares, the short sale may result in a fail to deliver position at Trader A’s clearing firm. Rather than paying the borrowing fee on the shares to make delivery, or unwinding the position by purchasing the shares in the market, Trader A might next enter into a trade that gives the appearance of satisfying the broker-dealer’s close-out requirement, but in reality allows Trader A to maintain its short position without ever delivering on the short sale. Most often, this is done through the use of a buy-write trade, but may also be done as a married put and may incorporate the use of short term FLEX options. These trades are commonly referred to as “reset transactions,” in that they have the effect of resetting the time that the broker-dealer must purchase or borrow the stock to close-out a fail. The transactions could be designed solely to give the appearance of delivering the shares, when in reality the trader has no intention of meeting his delivery obligations. The buy-writes may be (but are not always) prearranged trades between market makers or parties claiming to be market makers. The price in these transactions is determined so that the short seller pays a small price to the other market-maker for the trade, resulting in no economic benefit to the short seller for the reset transaction other than to give the appearance of meeting his delivery obligations. Such transactions were alleged by the Commission to be sham transactions in recent enforcement cases. Such transactions between traders or any market participants have also been found to constitute a violation of a clearing firm’s responsibility to close out a failure to deliver.” + +I thought the last one was especially relevant, given how you stated that, “married puts and calls are common misunderstandings it's an arbitrage options strategy that uses the word synthetic so people think it has to do with synthetic shares. Its merely a strategy that involves a synthetic position meaning the usage of another financial instrument to in play” yet this paper confirms how married puts can be used to reset FTDs while simultaneously describing how “hard to borrow securities can be subject to a pricing disparity relative to options trading on the same security. Typically, this may be seen in “synthetic” positions (combinations of call and put options that generally would be expected to mirror the value of the underlying security) trading at a lower price than the underlying security” and stating that “This creates a potential profit opportunity for short sellers of the underlying equity security in combination with call and put options if these short sellers can avoid the high cost typically associated with obtaining for delivery the hard to borrow security that was sold short”, exactly like you said. You should read the paper as well; it’s pretty insightful. + +So, in summation, short positions can be masked through the resetting of FTDs, something that—in my opinion—is likely the case with GME. As aforementioned, I found the two primary points of note in your DD to be the low borrow fees and the decrease in FTDs, both of which imply a low short interest. However, if FTDs are falsely delineated as delivered (i.e. short positions are hidden and mistakenly assumed to be closed), short interest is obscured and erroneously marked as low, which, in turn, can result in unknowing financial institutions formulating substantially decreased borrow fees based on low short interest that isn’t really so low after all. + +You strongly assert that the possibility of short interest being obscured is ridiculous and would require mass market collusion, which you justifiably dismiss as implausible. I disagree: there is a very tangible possibility that resetting FTDs/short position obscuring has led to a laughably low borrow fee and an apparent sharp decrease in said FTDs, thus implying that the short interest is alive and well. This is not conspiratorial speculation; this is not grasping at straws. I believe I’ve presented a veritable monolith of certifiable evidence which strongly suggests that this is—if not the case—at least a strong possibility. This is a known practice, and it is worth noting that this somewhat narrow kind of options arbitrage is limited to a similarly narrow range of actors, as described in the SEC paper: “Such opportunities are extremely rare in options trading, are generally corrected very quickly and may not result in net profit after fees and commissions. Such rare, short lived opportunities are typically only accessible by, and profitable to, professional options traders such as floor traders and market makers who may pay lower fees and commissions.” Hm, I wonder which nefarious, front-running HFT firm-cum-market maker this reminds me of? + +Ultimately, we’re all speculating. However, I do believe I’ve provided enough evidence to bring the primary (in my opinion) components of your thesis into question. Get back to me after you’ve parsed all the sources. Thanks!" + +His response ([https://www.reddit.com/r/Superstonk/comments/mr5mot/the\_invisible\_shorts\_and\_the\_unfriendly\_whale/gulxj66?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mr5mot/the_invisible_shorts_and_the_unfriendly_whale/gulxj66?utm_source=share&utm_medium=web2x&context=3)): + +**1.2: The Bear Pokes Back** + +"ok im back. So I took a long good at the dd and its very evident of deep itm shorts hiding. Its not even a debate that their hiding however the OP seems to think there are 44million shorts but his post shows the contrary + +[https://preview.redd.it/rgc2ebma9kq61.png?width=1279&format=png&auto=webp&s=7ec68c1d5dedb0dfef4e6c3129c9f3b0a662ac5f](https://preview.redd.it/rgc2ebma9kq61.png?width=1279&format=png&auto=webp&s=7ec68c1d5dedb0dfef4e6c3129c9f3b0a662ac5f) + +Lets take the entire deep itm calls as an FTD reset for easier argument. + +So we can see about 36 million FTDs have been reset. That is 72% of the float + +So at this point we can know from the original short percent of 141% that 69% covered. + +Then next t+14 days we see only 7415200 resetted. This is a substantional drop to 14%percent short interest that is hidden. On april it drops even further. We see this tallies up with the decreasing SI. So the hidden SI from janurary had enough volume on the dip rebound downwards to cover this hidden SI. + +Then on April it gets worse at only 1,033,500 resetted. So its safe to say that this number is more or less covered hence why you see a lack of deep itm activity. + +We can deduce that from the OPs post that they did indeed cover. + +As for the married puts argument. Theres very little basis here. So its basically a way to prolong covering shorts to your broker dealer. + +"Moreover, if the clearing firm or broker-dealer that was allocated the fail to deliver position enters into an arrangement with another person to purchase securities as required by Rule 204, and the clearing firm, or broker-dealer that was allocated a fail to deliver position, knows or has reason to know that the other person will not deliver securities in settlement of the purchase, then the transaction is a sham close-out, in violation of Rule 204(f). " + +However in the Sec documents it says if the broker dealer knows or has a reason to know for failed delivery then he can close out the position himself. However in the case for gme there isnt any evidence of that. Theres some reddit post talking about high OI for puts but the OI has dropped to 2.5k now. Its not common for a stocks total OI to be higher than the float. Look at amc shares relative to their total open interest. + +Also in addition to that must married puts use option flex contracts for it. For this strategy to work both put and calls must match each other identical in terms of expiration etc. So there is no indication I've seen anywhere that a mass number of married puts are being used. + +As mentioned by sec aswell if the broker - dealer has reason to believe you are doing this then they will force close the position. Which in this case if theres 70 to 250 million shares it would be glaringly obvious they do. + +However all evidence suffice to still showing the covered. + +Let me know what you think if I missed something" + +I saw his response when I woke up and replied with this: + +"Hi, thanks for the reply! After briefly parsing your response, I do think you draw some incorrect conclusions and misinterpret the data, but I'm going to have breakfast before digging in deeper and writing up why I think so. Again, I appreciate you opening a dialogue with me on this; I think a lot of people on here need to understand that civil disagreement (and subsequent discourse) can be incredibly insightful and conducive to fact-finding along with helping prevent echo chambers." + +...receiving a cheerful "No worries!" in response soon after. By the time I returned, after a pleasant (yet largely unremarkable) bowl of Mini Wheats, both the post and his account, u/solarpanel200, were deleted. + +# PART 2: MORE BACKSTORY AND GENERAL PREPARATORY RUBBING TOGETHER OF HANDS BEFORE VENTURING INTO THE DEEP + +Now, before I dive into my second rebuttal, I want to clarify something. This particular poster was basically *solely* active on the multitude of subreddits which cover (and are—with the exception of r/gme_meltdown—primarily bullish on) GME. Looking through his comment history, it was clear that he is a *hardcore* disbeliever of the squeeze, demonstrated by his voracious assertions of this (usually backed by relatively logical argumentation and solid data points) along with consistent responses to people questioning him or calling him a shill or a FUDster. A lot of people have pointed out the fact that he has deleted earlier, contradictory posts (one saying something along the lines of "SELL NOW" and another proclaiming "HOLD YOU FUCKING APES, DON'T GET SCARED"—these are not verbatim replications, but you get the gist); to this, he replied by saying that his opinions had changed and that he had deleted older posts precisely so he wouldn't receive the sort of accusations he ended up getting hit with anyways. In my opinion, there are two points of note here: + +1. I don't believe this guy was a shill. I genuinely think he was simply an overly earnest and obsessive type, something I can relate to. A lot of his arguments were evidence-backed and definitely didn't fall into the baseless "hurr durr GME going to 40 tomorrow sell now" kind of claims. I sort of see him as someone justifiably frustrated with this (like it or not) proto-echo chamber that is increasingly unreceptive to alternative viewpoints or differing opinions, someone who genuinely tried to develop a credible bear thesis/counter DD with no intent of shilling. Some might argue that he's a more sophisticated shill, but I don't buy it. And even if this was the case... +2. ...it doesn't matter if he's a shill. What matters is his argument, and, as aforementioned, it's a credible, valid one that deserves to be considered and responded to. I honestly couldn't care less about the intent behind his DD; I only care about its substance. As I said before, taking perspectives which don't necessarily align with yours into account is important; wholly ignoring and dismissing them is likely to lead to the sort of feedback loop of confirmation bias which this subreddit seems to be settling into (and, dare I say, has been for a while now). Having a Devil's Advocate is important, and u/solarpanel200 made a good case (i.e. his counter DD post, which I am yet again asking someone with more Reddit know-how than me to uncover and post in the comments, thank you). + +One final point before I move on to my rebuttal of his response: I know his posts have a history of being deleted on pertinent subreddits, but I'm unsure as to whether the mods of a specific subreddit have the power to facilitate the actual deletion of his account, as some of the more conspiratorially-minded users on r/gme_meltdown—where u/solarpanel200 was a known figure—have suggested. I don't know how plausible this is, I don't know if only the user can delete their own account, and I don't why he did delete his (if that is the case). Maybe he was a shill, maybe he was getting a lot of unfounded hate (see the picture below), maybe he gave up on what he saw as a lost cause, I'm not sure. Either way, I thought I'd mention it. Mods, please feel free to clarify. + +[Not only is this rude, it's the weak-minded equivalent of plugging your ears and going \\"la la la\\" when someone makes an argument in favor of something you don't want to hear. Learn how to take opposing perspectives into serious consideration—as this can genuinely help develop more nuanced and well-informed opinions—instead of lashing out at anyone who doesn't blindly agree with you and\/or feed your confirmation bias.](https://preview.redd.it/dl1j2z58not61.png?width=1186&format=png&auto=webp&s=b4e01d202b86524a921ec27079a255cf02d41f87) + +# PART 3: ONCE MORE UNTO THE BREACH + +The following second rebuttal is addressed directly to the man u/solarpanel200 himself. If you have some sort of alt or new account, feel free to respond here, or in the original, deleted thread/post of yours, where I'll be attaching a link to this post as well: + +(Note: the phrases “FTD reset period”, “reset period”, “reset cycle”, and any other potential permutations/combinations of the words “FTD/s”, “reset”, “period”, and “cycle” are all synonymous. They refer to the exact same thing: a range of time in which an abnormally high amount of FTDs are reset, obscuring short positions and artifically decreasing reported short interest as a result.) + +**3.1: The First FTD Reset Cycle, January 1-February 4** + +Firstly, I want to acknowledge you conceding the high likelihood of short positions being masked with deep ITM calls. As you say, “So I took a long good \[look\] at the dd and its very evident of deep itm shorts hiding. Its not even a debate that their hiding.” I’m glad we agree on this! The DD truly is one of the best I've read (I will be elaborating more on just why it is so credible in Part 4.2). However, I feel as though you make several mistakes in the assertions which follow: “So we can see about 36 million FTDs have been reset. That is 72% of the float. So at this point we can know from the original short percent of 141% that 69% covered.” + +I don’t quite understand what you’re saying here. You say that 36 million FTDs were reset (72% of the float), but then say that we can infer 69% of the original 141% short position was covered (with your logic assumedly being 141-72=69). No offense, but this doesn’t make much sense to me. I refer you once again to these passages from the aforementioned SEC paper ([https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf)): + +“We have observed, however, that in reality the purchased shares in question are often times not delivered because of subsequent options trading used to re-establish or otherwise extend the broker-dealer’s fail position without any demonstrable legitimate economic purpose…” + +“It may be a violation of Regulation SHO, however, where the options market maker does not deliver shares, and instead engages in a second, subsequent transaction in order to give the appearance of satisfying the clearing firm’s obligation to purchase or borrow the security to close out the resulting settlement fail pursuant to Rule 204 close-out requirements (“reset transaction”).” + +“These trades are commonly referred to as “reset transactions,” in that they have the effect of resetting the time that the broker-dealer must purchase or borrow the stock to close-out a fail. The transactions could be designed solely to give the appearance of delivering the shares, when in reality the trader has no intention of meeting his delivery obligations…resulting in no economic benefit to the short seller for the reset transaction other than to give the appearance of meeting his delivery obligations…Such transactions between traders or any market participants have also been found to constitute a violation of a clearing firm’s responsibility to close out a failure to deliver.” + +These all essentially confirm the fact that resetting FTDs makes it *seem* like borrowed shares have been delivered/short positions have been closed, even though this is **not** the case. In other words, resetting FTDs artificially lowers (reported) short interest while being used to “re-establish or otherwise extend the broker-dealer’s fail position without any demonstrable legitimate economic purpose” and “could be designed solely to give the appearance of delivering the shares, when in reality the trader has no intention of meeting his delivery obligations”. + +Let’s look at these graphs from the first pertinent DD (once again, at [https://www.reddit.com/r/GME/comments/mhv22h/the\_si\_is\_fake\_i\_found\_44000000\_million\_shorts/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)): + +&#x200B; + +[I'll imaginatively refer to this as \\"the first graph\\" for the rest of this post](https://preview.redd.it/60dz3hivnot61.png?width=1279&format=png&auto=webp&s=9720a06237d2dce08d4cf74c3fcf34d1e74572df) + +[Hmm, I wonder what I'll call this one](https://preview.redd.it/5md8z7t0oot61.png?width=1416&format=png&auto=webp&s=baeac3e2617ed16e52c93d04bd43ec3c266b5ea1) + +So, at the end of the period of time (February 4) when 36.6 million FTDs (let's round down to 36) had been reset (i.e. 72% of the shorts were obscured, **not** **closed**), the number of shorts as reported by S3 was a bit less than 20 million (eyeballing the second graph, I’d say 18m, but let’s use 15m as an overly conservative estimate), or 30% of the float (using 15m). Remember, the 72% isn’t accounted for, so the true number of shorts at this point is 51 million (the reported 15 added to the obscured 36), or 102% of the float. + +The only way that 69% of the shorts were covered would be if the number of reported shorts was 0 at the end of that time period; taking away the 36 million FTDs (72%), you’re left with 34.5 million shorts (69%), which you’re positing were fully covered. Unless 15 million somehow equals 0, the number of shorts that were actually covered (or closed) at the end of the first FTD reset period (with 36 million FTDs) is 19.5 million, or + +141% of the float (70.5 million shorts) - 102% of the float (72% of the float, or the 36 million obscured shorts, added to 30% of the float, or the conservative estimate of the reported 15 million shorts) + +which gives us an overestimate of 39% of the float being covered—and yields a reported short interest of 30% and a cumulative, **actual** short interest ("hidden" SI—as you put it—plus reported SI) of 102% (remember, still a somewhat conservative estimate)—at the end of the 36 million FTD reset period (again, roughly February 4th). + +It is worth noting that although the graph shows two separate blocks of FTD resets (6.6m for the first, 30m for the second), there is no two week gap between these blocks (as there is between these blocks and the next block, and between the next block and the beginning of the third block) which has led me to characterize the entire January 1 to February 4 period as one FTD reset cycle, the first of three. You sort of do this as well when you use the full 36 million figure (as you should) instead of using 6.6m and 30m separately. + +Edit: Part 2 is at [https://www.reddit.com/r/Superstonk/comments/msm7fo/my\_second\_rebuttal\_to\_deleted\_but\_important\_bear/](https://www.reddit.com/r/Superstonk/comments/msm7fo/my_second_rebuttal_to_deleted_but_important_bear/) + +Edit 2: If you don't want to read the whole thing, I'd say you should at least read sections 4.1 and 5.2 +We lost already -67% in value compared to the ATH, I am wondering how low it will go and what if it takes years to ever get close to $800 again? + +Most people here will be younger than 30 so it makes a huge difference to have $5k now or to have $20k when they are 40. I am really wondering if it might be better to cash out now and see how things develop in the next 1-2 years. +**I just cant stop day trading. I was euphoric when I turned 1k into 5k, then I lost the 5k and put another 1k in, which resulted in getting my portfolio to 3k and then lost that. In total, I'm down around 11k, but I cant get it out my mind that I have to win back all the $$$ I put in.** + +**Any advice? Everyday I want to put more $$$ in and win back my lost 11k, but I don't want to lose everything trying to get my lost money back! I don't know what to do, all I want to do is trade and I know this is bad! The only thing in my mind is getting my losses back!** +Every time I have sold just about anything on Gumtree, invariably I get an email or message almost right away after posting the ad, and it always goes along around about the same lines: + +* Some excuse as to why they can't come themselves to look at the car, that its a gift for someone, or they're in the military and posted overseas or something like that. Quite often theres a big long story that goes with it, I guess to try and convince me that they're an upstanding citizen. +* They say they're happy to pay the full asking price, absolutely no quibbling or bargaining. +* In the case of cars, they say they will send a courier to pick it up, which sounds great because it means they're not going to come and kick the tyres, ask for a test drive it or whatnot. If it's something smaller than a car (like a phone) they will generally say they'll pay an extra $100 for shipping, which is insane because domestic shipping does not cost that much, but it makes it sound like I'm getting a bunch of spare change to pocket. +* They will ALWAYS say they want to deal directly via email, and not use the messaging system provided by Gumtree/eBay/whatever it is. + * At this point, the alarm bells are ringing so hard that I usually just delete the message. BUT this last part is the bit I don't understand: +* They ask for BSB and account number to complete the transfer of funds. + +As per the title, I am really curious as to how this scam actually works. I know that it IS a scam, its bleedingly obvious, it bears all the hallmarks. There's no way I would respond or follow this scammer down the path they're trying to lead me along, even if they didn't make off with my car, I wouldn't want to even give them any more info for fear of identity theft. But, I was thinking about it, surely the angle here isn't simple identity theft, right? + +Like there're stories on the Paypal forums about this exact thing, that say they've been ripped off by people sending them a picture of a fake payment confirmation and then sending a courier over to get the car. So there ARE people who'll hire a courier to come and actually get the car off you. The part I'm struggling with, is if I gave them my BSB and account number, and they transfer the money to my account, thats it right? done and dusted innit? Like they can't transfer the money to me and then somehow un-transfer it can they? And yeah, like a picture of a fake transfer confirmation, surely people aren't falling for *that*?? Are they??? + +And even if someone did know my name, email address and BSB/account number, thats not really enough to do any serious identity theft is it? + +I dunno. I feel like I'm missing something. Usually when it comes to scams involving money I can at least guess at the angle. This whole thing I just totally don't get. +WORK as per RC latest tweet is the ticker for Slack. There are plenty of discussions about their recent court case. + +The slack court case is in relation shares sold via their direct public offering; + +A direct public offering (DPO) is a type of offering in which a company offers its securities directly to the public to raise capital. ... Therefore, a DPO is attractive to small companies and companies with an established and loyal client base. A DPO is also known as direct placement. + +Larry Cheng tweeted earlier about organic/non organic growth, this would tie in nicely to a DPO as per the above explanation "a DPO is attractive to companies with an established and loyal customer base" + +The was a job listing previously for an accounts position with experience in carve outs. + +Are they about to carve out the NFT marketplace as a separate company with a Direct Public Listing? Perhaps by gifting gme holders with shares in the new co? +Dow up almost 1000 points in response...LOL + +https://www.cnbc.com/2020/03/12/fed-to-pump-more-than-500-billion-into-short-term-bank-funding-expand-types-of-security-purchases.html + +Just for context of the size of this: + +The New York Fed increased the size of its repurchasing operations on Thursday in order to address the "highly unusual" disruptions in Treasurys markets. It said it would offer **$500 billion in a three-month repo operation on both Wednesday and Thursday. It also said it would offer $500 billion in a one-month repo operation tomorrow. The New York Fed added it would conduct one-month and three-month operations for $500 billion every week for the remainder of the month**. This on top of at least $175 billion in daily overnight repo operations. As part of the repo operations, the Fed will temporarily lend out funds to broker-dealers in return for collateral such as Treasurys and mortgage-backed securities. The Fed's interventions comes as market participants have worried about the difficult of trading Treasurys in the last few days. +For a while now, I have been doing a lot of research into the stock market. And the most reasonable voice I found is Warrent Buffet. + +Is there someone profound like him who thinks about the tech sector? Especially about companies that yet have to beome profitable? +I’ve made and continue to make mistakes trading options, but every mistake makes me better and helps ensure I take a step back and don’t get complacent. I’ve committed to posting regularly to save others the pain of losing if I can and to help cement what I’ve learned in my own head. I hope this post helps. It’s not at all meant to show off, as I’ve traded sideways in this IRA account for several months now, but recently changed strategies and they are working despite a little pull backs the past couple days. + +**Buying & Selling Pfizer** + +There’s been a lot of headlines about Pfizer lately, most of it very good news. So it’s not surprising that the stock has been moving up. But it’s wildly undervalued in my opinion. Prior to Covid, the stock was trading around $38 per share with about 50B in revenue. Last quarter alone they did $24B in revenue with sales boosted by the vaccine sales. Not only will this revenue trend continue, but they will be adding capacity to sell 21 million doses of the Covid-19 oral therapy next year at $700 a dose. That’s another $15B of revenue. + +The naysayers think these sales figures are short-lived or will wane quickly with the virus, but to this I say two things: first, it doesn’t matter, money is money. Second, they are not accounting for the fact that 90 governments have already stepped forward to begin purchasing and stockpiling these pills to avoid the sort of supply chain issues everyone was having when the vaccines first appeared. So even if no one takes the pills, they will be purchased and stored. The U.S. has already ordered “millions” of the anti-viral pills. + +Pfizer expects vaccine sales of 36B in 2021 and 29B in 2022. Add to that the anti-viral pills and they are going to be hitting $44B in covid drugs next year - that’s the entire revenue of previous years and does not count any sales from their other products. Now, they do share revenue with BioNTech, so we need to discount the vaccine sales by half, but that still equates to almost $30B more revenue next year. + +To the naysayers that argue this revenue is short-lived: we don’t yet know that is true as this virus has proven to be tricky and it’s likely the covid shot is the new annual flu shot, as was the case with swine flu. More importantly, the profit from these drugs will fuel a major acquisition spree. They can go buy their next blockbusters without R&D risk. + +So what am I doing about all this? I bought 30 Jan23 options contracts $40 strike when Pfizer dipped last month. I sold 10 last week for a 100% gain. I’m going to ride the remaining 20 up to a price target of $65 a share. I will pick up more on any major selloffs. + +**I Loaded Up on CROX** + +I can’t say enough good things about this stock, which I have been trading for a couple years now because I don’t like holding through the volatility. The short version is, they are absolutely killing it and despite initial concerns about potential knock offs and rubber shortages, people continue to stay brand loyal and buy them up. When you walk down the street and see half the kids wearing them, you know they have done something amazing with their brand. And they financials show it: + +425% earnings growth + +73% revenue growth + +65% gross margin (incredible) + +P/E of 15 + +It’s not easy to find bargains in this market, but when CROX pulled back in October, I bought some 2023 calls when the price rose above 140 (because I could tell the momentum was under it then). It’s hanging around 174 right now and normally I would have exited but because of my past trades of getting out a little early, I sold my original investment and am going to hang on to the rest until the stock crosses 200. + +**I Bought On QualComm’s Buyback** + +On Oct 12th, I got an alert from my favorite new system, LevelFields, that QualComm would be buying back $10B worth of stock aka 7% of the company at the time. IMHO there is no stronger signal to the market of a company’s financial health than a buyback. It means, typically, that the leadership is so confident in the market position, sales, cash flow, and economic environment that they’d rather repurchase stock than spend more money to grow revenues or save for a rainy day. + +When the buyback occurs before earnings are out, it’s a good sign it’s going to be a blockbuster earnings report. When the news hit, the stock was trading at 122/share. Sure enough, when earnings came out in November, they crushed it. Record revenue, beat earnings consensus by 13% ($2.55/share), and upped guidance revenue going forward. + +I bought the Jan 2023 calls at a 140 strike price and intend to hold them until the stock reaches 200. + +The stock hit 170 recently and had a bit of a pullback on what appears to be profit taking and inflation worries. + +There’s some volatility ahead but I will hold through the chop this time because the company is on the right path and the analysts are all calling for 185-204 ranges. + +**I Bought and Sold Puts on Pullbacks** + +A strategy I’ve grown to love is selling puts towards the end of a pullback on stocks I want to own. I did this for Visa after its earnings sell-off at the end of October. Now, I have owned Visa since its IPO and the position has grown quite large over time so I’ve been trimming it over the years and now look for ways to profit from trading it. Headed into earnings, I suspected a good chance of a pullback and got ready to sell the dip. + +As expected, it sold off, got hit with a government antitrust investigation, and tumbled some more. On the government investigation news, I sold puts on it when it had fallen 10% down to the 210 level and raked in the premiums. + +I like using Fidelity’s options analyzer to help ensure the puts I’m selling fall outside at least one standard deviation from expected price movements. It’s one of the more helpful ways of visualizing where to aim. + +I also bought puts on Visa prior to earnings at the money for one week out with an order to sell once I hit a $10,000 profit. It sold off in a few hours and I got the Fidelity notification I had just made $10,000 in a day while making lunch. + +There are some more trades I made, but I’m out of time for writing today so hopefully can come back to those another time (UPST, INMD, UCTT, CELH). + +&#x200B; + +[25&#37; in cash, 75&#37; invested in this account for effective return of 36&#37; until the recent pullback](https://preview.redd.it/tn38hd19nyy71.png?width=425&format=png&auto=webp&s=12693a0d345ce0838452cfb8f0e7f5ba893a8af5) + +&#x200B; + +&#x200B; + +https://preview.redd.it/xen04fvhnyy71.png?width=425&format=png&auto=webp&s=efb6614d4f6e2a30e69f53e81f09cd6242683c6d +American Airlines is at a 52 week low and even lower than their initial drop in March. UA and DAL are on there way. They were hit with bad news that requires them to provide refunds instead of vouchers when it comes to cancellations and rebookings. + + Are you seeing any value in airlines yet? +As the title says my car's a/c just went out. It will cost $785 to repair. My car is a 2009 honda civic with 107,000 miles on it. I thought I could get another 100,000- 150,000 miles with it which would have been great because my car is completely paid off. + +I make $1000 a month; I am a 20 year old female and still live with my dad. The only thing I pay for is my food/gas/ and my dad's and I $150 cable bill a month. My college is paid for in scholarships. My dad still pays for my car insurance, health insurance, and phone bill as long as I stay college and make above a 3.0. He is pretty well off, and can afford this. However, he is not willing to pay for my car repair- he is the one that bought it for me and it is my responsibility to take care of repairs. + +Would it be a smarter financial decision for mye to trade my car in (no one is gonna buy it in this heat with a broken a/c) at a dealership and get a used car, maybe a 2012 or 2013 or should I bight the bullet and pay the $785 in repairs so that I can keep not having a car payment. + +I have $3,000 dollars in my savings account that I have been saving over the past year. I've been planning to use this for a rainy day, to help me out after I graduate until I find a job, or for supplies needed for nursing school next spring. I am worried if I now have a car payment plus my cable bill and only making $1000 each month I won't have enough money to keep saving, which is important to me. Any advice is appreciated. Also I should put this in here some where but I have a good credit score, it's 759 (I got my first credit card last August). + +Lastly, the car I drive right now is not in my name so I am assuming there will be extra fees associated with that if I buy a different car. + +Thank you for your advice. + + + +**Edit:** +Thank you everyone for your advice I have read all the comments. Honestly I think I was just thinking short term instead of long term because the idea of spending 1/3 of the money I have saved this year freaked me out. Tomorrow after work I am going to get a couple quotes on it and talk to my moms boyfriend, his best friend owns a repair shop. Thanks again guys, this subreddit was awesome; I'll definitely be back for more advice at some point. You people are great. :D + +**Edit 2:** +So I was telling my mom about my problems on the phone last night and she says her boyfriend's best friend owns his own mechanic shop and I'm here right now having them look at it to get an opinion from someone I can trust. Thanks for the continued comments and messages from people trying to make sure I don't get ripped off. + + +**Edit 3:** +So it turns out it wasn't my whole compressor that was broken. The only part of my compressor that was broken was a part called an AC relay. My mechanic took out my old one and replaced it with a Toyota Corolla AC relay which is thicker snd supposed to last much longer. + +Secondly I definitely have a freon leak because I only had a third of a pound of freon in my car and I'm supposed to have a full pound in it. So he put more freon in it and put dye in it so that when it runs out again in a couple weeks he can go back and see where the leak is and repair it. He charged me $200 which is much better than I thought it would be so I am relieved. I guess I'll see the total though when I figure out how much my mechanic is going to charge based on where the leak in my AC is. +Vitalik was [interviewed](https://nav.al/vitalik-2) recently by Naval Ravikant regarding life, ETH and blockchains. There he was asked about his influence over the future direction of Ethereum and V-dog had this to say + +>"Naval: How much influence do you have on Eth today, especially compared to the DAO fork time? My sense was in the DAO fork, you were very involved. If something of that magnitude came up today, how much influence would you ever have relative to what you had then? + +>Vitalik: I feel like my influence in Ethereum keeps decreasing every six months. I have less now than I did six months ago. Six months ago, I had less than I had a year ago. And a year ago, I had less than I had 18 months ago. + +>These days the number of people that even I have to convince to push in a particular direction is significant. ***If you watch some of the EIPs that I personally promote, some of them don’t even make it.*** So for a lot of them you have to try pretty hard to satisfy all people’s concerns. + +>Naval: So what’s the biggest thing you’ve pushed that isn’t getting adopted? + +>Vitalik: EIP-4488 is one example. If I had more control it would have been in Ethereum already. + +This just hit me as a fine example of how ETH's growth has made it more and more decentralized to an extent where even the big V cant influence things unilaterally. Just as it should be. +Hello, + +I'm interested in learning more about forex and how to trade currency, and I want to hear from all of you. + +1.) is forex a full-time "job" for you? Do you have another job? + +2.) Do you make just enough to get by, or enough to live like a king. + +3.) Do you have a family (Spouse, kids, etc.), if not, do you have time to have one? + +4.) How many hours a day do you spend on forex related things? What does your day look like? + +5.) How long did it take, and how did you learn forex skills? + +6.) What mistakes can a newbie trader learn from you? + +Sorry if that's too much, I just want to learn what a trader's lifestyle is. +Hi everyone, + +My name is james (M24) and ever since I was young I’ve wanted to get into trading, I’ll give you a little history. + +I was first made aware of the markets by my father, who himself was interested in trading stocks. I was around 15 when I saw him make his first trade, I remember this vividly. He had 2 positions open, one on wheat and another on BP or oil, i cannot remember exactly but I remember how it played out. + +He was up on both trades and doing well and decided to pop to the shop for milk or something, he returns 15 minutes later and his position had drastically changed, he had gone from up to being down around £600. Of course this totally rocked my dads confidence, and to this day I haven’t seen him place another trade..😕. + +This is where I learnt my first lesson of trading, never, EVER forget your stop loss, and lesson number 2, never get emotionally invested. Skip forward to now, I’m 24 and finally decided to get my life on track. I’m not currently in a position to open an account so I’m doing everything I can to prepare myself for when I have the equity and the mentality to start trading. + +Around a year ago I studied hard for a couple of months, opened up a demo account and did a couple of trades, of-course I lost more than I won but it was an experience. I understand the basics such as price action, support and resistance, open price, close price, be robotic, stuff like that. + +So, the point of my post is I’m just looking for a few bits of advice... + +I want to forex. + +1. Good books that I should read ? +2. Are there any traders who blog who would be good for me to follow ? +3. Personal advice from yourself ? Ie stories or experience. +4. Reliable source for forex new ect. + +Any replies are much appreciated. +Have a great day. + +Edit**** + +So thanks to everyone for replying it really means a lot, I feel like I’ve got a lot to move forward with now and a couple f small purchases definitely going to make. + +I’ll update again soon letting you all know my progress. +&#x200B; + +https://preview.redd.it/bvt3e8ee0h771.png?width=1426&format=png&auto=webp&s=85ae7e5ca65b1ea89a006560de23ecb92cf0253b + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $209.51 + +&#x200B; + +Open Price: $214.00 + +Daily High: $214.20 + +Daily Low: $198.50 + +Volume: 10.15 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +&#x200B; + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Russell 1000 + +&#x200B; + +Every year in May and June, the Russell Indexes release an updated list of the constituents for their various indexes, notably the Russell 2000 and Russell 1000. + +&#x200B; + +And today $GME qualifies to be added to the Russell 1000 Index. Which historically is a day in the stock market that sees the most volume action. + + + +I've seen a lot of discussion of whether this means that shorts will have to cover the ETFs they shorted that contained $GME. The answer, as far as I can tell, is no. Well.... not necessarily.... + +[u/dlauer](https://www.reddit.com/u/dlauer/) clarified that in this comment: + +"*There's not really any kind of short-covering requirement when a stock gets added to an index.* ***However, the announcement is usually bullish because it adds buying pressure.*** *Russell rebalancing day is the the CRAZIEST day in the stock market. Volatility and volume is usually the highest on that day, as stocks are added and removed from Russell indices, and weightings are changed. A bunch of ETFs follow Russell indices and need to rebalance their portfolios to reflect the new index composition in order to minimize tracking error. So getting added is a big deal, and leads to a lot of buying pressure from those ETFs (and from people trading ahead of that addition and trying to get the alpha between the announcement and rebalance dates).*" + +&#x200B; + +Also remember that we are not likely to see the resulting action in the stock volume (or price) until afterhours or Monday/next week. + +So don't get toooo hyped thinking that this will be some sort of catalyst by forcing shorts to cover. Yes, all shorts must cover eventually, but this is not that. Still cool af though! + +&#x200B; + +[Just a Reminder that Moving to the Russell 1000 means selling. Expect some downward movement before upward movement this after noon. Short explanation vid from 3 years ago](https://www.reddit.com/r/Superstonk/comments/o7oitk/just_a_reminder_that_moving_to_the_russell_1000/?utm_source=share&utm_medium=web2x&context=3)\- posted by u/613Flyer + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 005 and 002 are Primed and Ready for Liftoff + +&#x200B; + +[002 is in online](https://www.reddit.com/r/Superstonk/comments/o6xgso/002_is_officially_in_effect_published_on_federal/) + +[005 is approved](https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005_was_approved_last_night/) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Award Design Contest + +&#x200B; + +https://preview.redd.it/1zy1y1ssyg771.png?width=1000&format=png&auto=webp&s=f2b801ec093450db2db46e18686ddc0e629a4ef6 + +u/redchessqueen99 and u/bye_triangle have made their way through the 150 submissions we received for the community award design contest! They will be working through the weekend to get the brackets set up, and we will begin voting next week, so stay tuned! + +&#x200B; + +https://preview.redd.it/rrasn4kuyg771.png?width=1000&format=png&auto=webp&s=4d74845fdf4e95bf4bf61ad462abeb3ea447d4fa + +I would share some with you here but that would ruin the surprise! Trust me, these are **GOOD**!! + +&#x200B; + +https://preview.redd.it/6r8enacwyg771.png?width=1000&format=png&auto=webp&s=134772aaed464693df8e65b296bdce596f241900 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Monkey Business + +&#x200B; + +Yesterday u/sharkbaitlol was an absolute pro at hosting another fun episode of Monkey Business on the Superstonk Live YouTube channel! We talked about RRPs, Ryan Cohen Tweets, Gamestop's ATM offering, and more. And right now I want to give an extra shout out and thank you to our guests! + +u/buttfarm69 , u/broccaaa , u/draygon_media , u/tearsaresweat , u/roodboy22 were all wonderful and insightful (👀 *buttfarm*) and we look forward to welcoming you back in the future, as well as more apes from the community! + +[**Link to yesterday's Monkey Business**](https://youtu.be/52JbzEuYb8A) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight + +&#x200B; + +* u/zedinstead's[Superstonk Guide](https://www.reddit.com/r/Superstonk/comments/o7mmwm/i_wonder_what_regularly_scheduled_programs_are_on/) + +https://preview.redd.it/hsnfqd8aug771.png?width=640&format=png&auto=webp&s=c9081ea0f39ba4e57d93fbb7da067ff8f2c22381 + +* u/ClearEye2428's Stonker Deck Trading Cards are another awesomely creative idea and I can't wait to see more! + +I could link them all here but it's probably best to visit their profile! [Link](https://www.reddit.com/user/ClearEye2428/posts/) + +&#x200B; + +&#x200B; + +* [Dark Pools, Price Discovery and Short Selling/Marking](https://www.reddit.com/r/Superstonk/comments/o70lid/dark_pools_price_discovery_and_short/) by u/DLauer + +> *Recently, and since I've joined this sub-reddit, there have been a ton of questions around the role that Dark Pools play in US equity market structure. I wanted to put together a post to clarify some things about how they operate, what they do, and what they cannot do.* + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Note from your friendly local Pink Cat ✌❤🐈🦄🚀 + +I've seen lots of confusion on where to go if/when reddit goes down, which has been happening a lot more lately. While we do have an "emergency broadcast system" in place, I encourage you to remember, that pretty much everyone in Superstonk is a long term investor, and my personal mantra is just Buy and HODL. I love the company and will probably sit on my shares for far longer than Citadel is a standing business. I like the stock. + +&#x200B; + +But I digress... no, we aren't meeting at Gangnam Style. Apparently that originated with the movie crowd and that's not our video to claim anyway. All the mods twitters are listed below, and the YouTube channel has a lot of content to hang out in the comments. Just wanted to clear up any confusion! + +&#x200B; + +[ u\/thechaoschicken ](https://preview.redd.it/yjw1hs510h771.png?width=525&format=png&auto=webp&s=554ae7d442ca152ddd06954015116cddaeb2e443) + +NOW DROP THOSE FLAIR REQUESTS IN THE COMMENTS!! 👇👇👇👇 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +[ u\/DReck417 ](https://preview.redd.it/j4w2aod40h771.png?width=998&format=png&auto=webp&s=9c6b4b3d1e9f073f21eb3dbc1cd4cc6992b7764a) + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/0m5s4cxj0h771.png?width=1600&format=png&auto=webp&s=0f751b3143e0b4ba6b3d83967f7e16cbd224a226 + + +As the title says, but that I must elaborate on to some great extent, for the requirements of this sub are such that no post may be posted without reaching the minimum required word count of two hundred and fifty, I ask you, what news have you heard on the stock which traded on the NASDAQ and got frozen last week? You know, the Class A share that for some reason I'm not allowed to say. I feel it's strange how I have heard nothing since the CEO did that very educational interview. +These articles are great for anyone that owns a time machine, otherwise they're just are a useless article. Anyone can look at a 5y or all time chart, see what the stock was trading back then and figure out what's it worth today. It's not like the author picked the stock in that year so what's the point?? +The chancellor has ordered a review of capital gains tax that could result in the Treasury clawing back billions of pounds from homeowners and investors to help to pay for the coronavirus outbreak. + +Rishi Sunak turned his attention to the levy as the independent budget watchdog warned that he would need to raise taxes to bring the public finances back under control. + +Mr Sunak said last week that he was prepared to take difficult decisions after spending £188 billion on tackling the virus and mitigating its economic damage since March. + +In ordering the review of CGT, which taxes profits on homes and other assets, he wants advisers to consider “how gains are taxed compared with other types of income”. Experts said that Mr Sunak may be considering raising its historically low rates to the same levels as income tax, which could bring in £90 billion over five years. + +The Treasury source played down the review by the Office for Tax Simplification, however. “It is standard practice to review taxes and CGT is one of the few taxes that has not yet been reviewed. There is absolutely no expectation anything substantive will come out of this in terms of policy change. CGT reform is not in our sights.” + +The source added that a review of inheritance tax completed 18 months ago had not resulted in any change. + +Nevertheless, Mr Sunak’s allies acknowledge that the move will prompt speculation about CGT before this autumn’s budget. + +In other developments: + +• The Office for Budget Responsibility said that £60 billion of higher taxes or austerity would be needed to make up the budget deficit and confirmed fears that about 15 per cent of furloughed workers stand to lose their jobs. + +• Hopes of a swift, V-shaped recovery were dashed as latest figures from the Office for National Statistics showed that while the economy had returned to growth, it had still shrunk by 25 per cent compared with before the crisis. + +• The UK death toll rose by 138 to 44,968, with confirmed cases increasing by 398 to a total of 291,373. + +Britain’s property wealth stands at £5.09 trillion. Equalising CGT and income tax rates would mean that, for basic-rate taxpayers, the levy on profits from asset sales would rise from 10 per cent to 20 per cent and on profits from second and investment homes from 18 per cent to 20 per cent. For higher-rate taxpayers it would rise from 20 per cent on asset sales and 28 per cent on property sales to 40 or 45 per cent. + +Analysis by George Bull, senior tax partner at the tax adviser RSM, found that raising the rate for a higher-rate taxpayer to 45 per cent would mean someone who sold a £750,000 property, and made a £250,000 gain, would see their bill go up from £70,000 to £112,500. “It’s an expectation of mine that he will review the existing rates,” Mr Bull said. + +Suzanne Briggs, a partner at Blick Rothenberg, a tax adviser, agreed. “To increase CGT rates would be an easy win — and it would also come neatly under the umbrella of simplification and so suit the remit,” she said. + +The move would also hit landlords hard when they sell, days after the chancellor unexpectedly included them in his stamp duty exemption for properties worth up to £500,000. + +The Office of Tax Simplification will not examine scrapping the CGT exemption for people selling their main home. However, Mr Bull believes it will look at whether to curtail the benefit, so people are given a maximum exemption they can take advantage of in their lifetime by property sales. “This could be £500,000 of gains, or £1 million,” he said. + +Entrepreneurs’ relief, which allows people to cut their tax bills when they sell companies, is also believed to be in the crosshairs. It allows them to pay a 10 per cent rate of CGT when they sell qualifying assets worth up to £1 million. This was down from £10 million before the last budget and experts believe that it is likely to be removed completely. + +Tom Selby, a senior analyst at AJ Bell, the wealth manager, said that the move “feels like the starting pistol for a tax grab” and suggested the annual exempt allowance for CGT — £12,300 — could also either be reduced or abolished. “Given those who pay CGT are twice as likely to pay higher-rate income tax as taxpayers generally, the Treasury may have its sights set on aligning CGT rates and income tax rates,” he said. + +The Office of Tax Simplification has asked businesses and individuals to send their views in an online survey. Its investigation will be completed by October 12. Any change would probably need to be put out to consultation and could not be implemented before the 2021-22 tax year. + +https://www.thetimes.co.uk/article/rishi-sunak-threat-of-capital-gains-tax-to-pay-for-pandemic-lvmg3vcrs +9 months ago I bought my first house on 3 acres using a VA loan with no money down and secured a 2.65% interest rate. I am now realizing this is not what I want; I find myself fantasizing about living in a small apartment and having the freedom to move if I please. I am a single guy, no kids. There is nothing too major wrong with the house, but I somehow spent 5 months doing minor repairs and there are still a ton of things that need to be done -- upgrade & preventative maintenance wise. It's a really beautiful place and I realize that I am lucky and I am probably going to be told I am stupid for not wanting to stay here, but hear me out: + +* I am in the middle of nowhere and feel isolated/bored +* I drive an hour each way to work 5 days a week +* I want to find a new job but I am limited by staying here +* I am anxious as hell because I know eventually some big ticket item is going to break and I am going to have to spend hours and hours figuring out what to do about it and thousand to have it fixed +* My driveway is extremely long, I am in the Northeast, and my only vehicle is a car. I have no desire to buy and maintain a truck/plow or atv/plow. It's too long for a snowblower to be practical. I got by last winter by paying my neighbor to do it, but I can't always rely on him and I hate having to worry about it. +* The amount of time it takes to do even minor repairs is bewildering. I get anxiety because at the end of the day my time is my most valuable asset and I spend so much time fixing and maintaining stupid little things. +* I have three acres and about an acre of that is grass that I have to mow. I got lucky and bought a $500 riding mower from my neighbor which I have no desire to maintain or fix when it eventually stops functioning or needs an oil change. +* It's a 4 bedroom 2 bathroom house and I live here alone. The entire upstairs is empty and I dont own a lot of stuff. I don't want the headache of renting it out. Why am I paying $1750 a month to live in an empty house when I would be just as happy living in the basement apartment in a more desirable area. + +Ultimately it comes down to my time and freedom. I don't feel like I have any these days. People on here will shout "Buy as soon as you can", but if you are someone like me who values your time and does not get satisfaction out of maintaining a pile of sticks, then don't make the same mistake I did. I honestly feel like I would be happier living in my car and showering at the YMCA. I thought living here was going to bring me peace, but all I feel is nervous and tense because I tied myself to this thing that WILL break and eat up all of my time. + +To anyone who is debating buying vs renting.. seriously do not underestimate how much of your time/energy/money will be drained by owning a home, especially if you'll be living by yourself. I really thought people were just lazy exaggerators when they said how draining, stressful, & time consuming it is -- how unexpected repairs pop up out of nowhere and cost more than you expected.. every.. single.. time. + +Everyone on here is so caught up with saving money and penny pinching; the focus is always on money itself. Your time and mental health is far more valuable than money. + +I am now trying to find someone to assume my mortgage rather than outright sell the place, since I don't have much equity after 9 months and the closing costs would outweigh my home value increase. I am hoping that the 2.65% interest rate on my mortgage will be attractive enough to convince potential buyers to go outside the normal 'get a realtor and your own loan' model. + +Just my thoughts. + + +[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!* +Hi r/UKPersonalFinance + +&#x200B; + +Could do with some advice is anyone has any! So basically I've been in my current job (IT Sector) for about 4 years now. My basically salary is £18k with no bonus'. This is quite considerably under the average for my role and area. Now I've been offered a job at a different company, now here's the thing they offered me £23k no bonus. + +I took this offer to my existing company and they offered to match the offer. I then declined the new job because of this.. Now, they didn't want to give up on me so they have offered £24.1k. I have a decision to make and I'm struggling.. + +The two job's on paper are the same but in different environments, the progression has been and looks to continue to be limited at my current and even my new one there isn't room for progression. + +Any insight or previous experiences in somethings similar would be hugely appreciated! + + +\*Throwaway as my account is known..\* +I have been earning 15.50 per hour as a marketing assistant. I set goals with my boss to graduate college, revamp our company website, increase my marketing knowledge and get at least 5 news releases published about our company in 6 months. I did it with time to spare, and I was able to manage a raise to $25 per hour with benefits and full time work. (I am currently part time). I feel so great! +If you want a raise and don’t know how to approach it, set goals with your manager. Depending on how reasonable the goals are, that will help you determine if continuing to work there is worth your time. +Hello fellow Apes. This is my first r/Superstonk post, but I've been a GME shareholder since December 2020. + +I haven't seen you chimps chatting about this theory so I figured I'd throw it against the wall and see if it sticks. + +I am not a financial advisor, and this is not financial advice. + +# GameStop Announces Voluntary Early Redemption of Senior Notes + +So today GameStop announced that they will be eliminating their long term debt early: [https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +Basically this means that they are paying off a large debt ($216.4MM) early; a debt that would have been due in 2023 (two years from now). Recall that GameStop reported $635MM cash on their books for their 4th quarter results: [https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results#:\~:text=Our%20execution%20led%20to%20a,%2492.6%20million%20reduction%20in%20SG%26A](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results#:~:text=Our%20execution%20led%20to%20a,%2492.6%20million%20reduction%20in%20SG%26A). They are using 35% of their cash on hand to pay off the debt. + +This got me thinking: why? If I was GameStop, why would I spend 35% of my cash to pay off debt that isn't fully due for two years? As a company: + +1. I have yet to deliver on the crucial e-com pivot (these things take time), so it would be unwise to spend so much money on a bet that everything goes smoothly. +2. I can take advantage of the squeeze and make up to a billion selling shares in my announced [At-The-Market Equity Offering](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program), but why not wait until after the squeeze? Seems irresponsible to count my chickens before they've hatched. + +# DOMO Capital has entered the chat + +[https://twitter.com/DOMOCAPITAL/status/1382064324248735744](https://twitter.com/DOMOCAPITAL/status/1382064324248735744) + +Aha. So GameStop is restricted from engaging in mergers or acquisitions while this debt is on the books. Very interesting. Wasn't there a bunch of speculation earlier this year about GME doing a deal or possible acquiring Super League Gaming? You know, the whole [🐸🍦 tweet](https://twitter.com/ryancohen/status/1364650709669601289) speculation. + +# Culver City, CA. + +On April 13th, 12:40 AM EST Ryan Cohen tweeted this: [https://twitter.com/ryancohen/status/1381829698263654401](https://twitter.com/ryancohen/status/1381829698263654401) + +So he was in Culver City, California. GUESS WHO'S HEADQUARTERS IS 15 MINUTES FROM THIS GAMESTOP LOCATION? + +Super. League. Gaming. + +[https://www.google.com/maps/dir/Super+League+Gaming,+Colorado+Avenue,+Santa+Monica,+CA/GameStop,+3855+Overland+Ave,+Culver+City,+CA+90232/@34.0265341,-118.4498055,14z/data=!3m2!4b1!5s0x80c2ba307e703b33:0x6240f16e4ed3e540!4m14!4m13!1m5!1m1!1s0x80c2bb40bb522761:0x7883c19ede420266!2m2!1d-118.468071!2d34.032908!1m5!1m1!1s0x80c2ba3072c52c7f:0x2d847ba1485bfeed!2m2!1d-118.4066333!2d34.0170297!3e0](https://www.google.com/maps/dir/Super+League+Gaming,+Colorado+Avenue,+Santa+Monica,+CA/GameStop,+3855+Overland+Ave,+Culver+City,+CA+90232/@34.0265341,-118.4498055,14z/data=!3m2!4b1!5s0x80c2ba307e703b33:0x6240f16e4ed3e540!4m14!4m13!1m5!1m1!1s0x80c2bb40bb522761:0x7883c19ede420266!2m2!1d-118.468071!2d34.032908!1m5!1m1!1s0x80c2ba3072c52c7f:0x2d847ba1485bfeed!2m2!1d-118.4066333!2d34.0170297!3e0) + +So here's my wild theory, TL;DR: + +Ryan Cohen is going to be Chairman of the Board; everyone on the board knows it; everyone of us knows it. He is basically running the show behind the scenes "de facto" right now, until it is official (why not?). The 2023 bonds prevent them from engaging in acquisitions. In order to acquire another company, they gotta clear the debt. Ryan Cohen just tweeted from a Culver City, CA GameStop, that's the closest GameStop to the Super League Gaming headquarters (14 minutes away).🐸🍦 + +🚀🚀🚀🚀🚀🚀🚀🚀 +Has anyone researched Fourier transforms as a signal filter or tried to apply any fluid dynamics ideology to market momentum? If so, do you mind sharing any high level results? +Hi everyone, + +I appreciate you taking time to read this. +I’m 22 years old and have saved up over 100k. +I’ve been investing since I was 12/13, so I’m familiar with the market itself but there’s still a lot I have to learn with dividends trading. + +Given a lot of folks here have had far more experience, I’d like to ask what would be the best dividend stocks/ ETFS that are good for the next 10, 20, 30+ years out? +Like most, my goal is to live off dividends in the future. +I’ve been contributing my 6k into Roth since I was 18, and will be doing dividend trading on this IRA account. + +Is the general consensus VTI, T, QYLD the best for now? I have been unloading my paycheck primarily into T , and shifting my growth stocks (ARKK, XOM, BA, etc.) towards more passive dividend investing. + +Just wanted to get some perspective. Thank you once again. +Welcome back to my weekly $100k Wheel Portfolio updates! I'm posting an update video every Friday on my YouTube channel, and we're now on Episode 6! I didn't want to break any community guidelines by linking my channel, but you can find it in my Reddit bio, or by searching "Money Crow" on YouTube. + +I also plan to continue posting this type of update every Monday on r/thetagang. + +Since I began making trades on September 21st 2020, I'm currently up +$3,948 in this account (as of market close 10/29/20, 38 days). I made 2 trades since my last update, and I'm excited to share the progress! + +Last week was definitely a turbulent one, and the "liquidated value" of my portfolio has suffered a bit, but since I don't plan to buy any positions back at a loss, it makes more sense for me to look at my cash balance as a more accurate measure of performance since that shows all the premium I've received. If/when I get assigned shares, I will look at cash balance + market value of my equity. Due to me being a bit conservative with my trades in terms of strike prices, and also selling ~45 DTE, I don't see the portfolio as being in too bad of a position. + +Screenshots, spreadsheet, and individual updates with a ton of information that I like tracking: + +Ep.6: + +http://imgur.com/gallery/arX40UF + +Ep.5: + +http://imgur.com/gallery/BGs4lqE + +Ep.4: + +https://imgur.com/gallery/nxidYcK + +Ep.3: + +http://imgur.com/a/9lI7T4R + +Ep.2: + +http://imgur.com/gallery/liQPVZ9 + +Ep.1: + +http://imgur.com/gallery/PP9lNH2 + + +As always, I appreciate any comments, questions, and suggestions. Thanks! + + +Here is the spreadsheet template that I use, in case any of you would like to make a copy of it and use it for yourselves. On the 2nd sheet, it also includes a calculator to help you reach annualized target rates. If you encounter any problems, please comment and I will try my best to assist. Also open to suggestions. +https://docs.google.com/spreadsheets/d/1ynGzkCEKH_YXemoHDkaqeBrWUIDHz8reN6O4mt5JMgc/edit?ts=5f7b9661#gid=0 + +*EDIT* Ep.7 is up! +https://www.reddit.com/r/thetagang/comments/jr7sbw/my_103372_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.8 is up! +https://www.reddit.com/r/thetagang/comments/jvh5n8/my_103692_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.11 is up! +https://www.reddit.com/r/thetagang/comments/k8z1uh/my_107170_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share +Welcome back to my weekly $100k Wheel Portfolio updates! I'm posting an update video every Friday on my YouTube channel, and we're now on Episode 6! I didn't want to break any community guidelines by linking my channel, but you can find it in my Reddit bio, or by searching "Money Crow" on YouTube. + +I also plan to continue posting this type of update every Monday on r/thetagang. + +Since I began making trades on September 21st 2020, I'm currently up +$3,948 in this account (as of market close 10/29/20, 38 days). I made 2 trades since my last update, and I'm excited to share the progress! + +Last week was definitely a turbulent one, and the "liquidated value" of my portfolio has suffered a bit, but since I don't plan to buy any positions back at a loss, it makes more sense for me to look at my cash balance as a more accurate measure of performance since that shows all the premium I've received. If/when I get assigned shares, I will look at cash balance + market value of my equity. Due to me being a bit conservative with my trades in terms of strike prices, and also selling ~45 DTE, I don't see the portfolio as being in too bad of a position. + +Screenshots, spreadsheet, and individual updates with a ton of information that I like tracking: + +Ep.6: + +http://imgur.com/gallery/arX40UF + +Ep.5: + +http://imgur.com/gallery/BGs4lqE + +Ep.4: + +https://imgur.com/gallery/nxidYcK + +Ep.3: + +http://imgur.com/a/9lI7T4R + +Ep.2: + +http://imgur.com/gallery/liQPVZ9 + +Ep.1: + +http://imgur.com/gallery/PP9lNH2 + + +As always, I appreciate any comments, questions, and suggestions. Thanks! + + +Here is the spreadsheet template that I use, in case any of you would like to make a copy of it and use it for yourselves. On the 2nd sheet, it also includes a calculator to help you reach annualized target rates. If you encounter any problems, please comment and I will try my best to assist. Also open to suggestions. +https://docs.google.com/spreadsheets/d/1ynGzkCEKH_YXemoHDkaqeBrWUIDHz8reN6O4mt5JMgc/edit?ts=5f7b9661#gid=0 + +*EDIT* Ep.7 is up! +https://www.reddit.com/r/thetagang/comments/jr7sbw/my_103372_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.8 is up! +https://www.reddit.com/r/thetagang/comments/jvh5n8/my_103692_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.11 is up! +https://www.reddit.com/r/thetagang/comments/k8z1uh/my_107170_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share +I'm mostly happy with the positions I have, but I didn't have a good week, haven't had a good two months, and things could get worse before they get better. To exacerbate things, I made a decision this week that really didn't play in my favor (IDEX CC removal). More than anything, I'm in the doldrums and struggling to find where to go next with my growing cash position. + +# IDEX + +I really like this company. I made a mistake in how I traded my CC, and the underlying is now down a tiny $4,700 overall (though YTD I'm only down $1032 on IDEX). Here's what happened: + +First, Roth Capital opened a $7 price target on IDEX, great news. Second, IDEX subsidiary Tree Technologies announces an agreement to supply 200k electric motorbikes (10k, 90k, 100k over the next 3 years) for a total deal value of $274,000,000. Bullish. I bought back my covered call. I'd already claimed nearly 40% of the premium ($667), and if this flew, I was worried it'd get expensive quick to buy it back. + +Instead, IDEX tanked. The market rolled into large caps, and a lot of IDEX like companies took beatings. Made worse because I had taken my call off. I eventually sold another CC, picked up $41, then cut that too. I bought another 500 shares in the upper 2's, and now I hold the damn door. + +When I read the chart ... it doesn't look great. + +[IDEX: You could see a giant cup and handle starting from July, though a bit of a weird spike in the cup.](https://preview.redd.it/7b79ugoyqpt61.png?width=2857&format=png&auto=webp&s=fa1a82ddd319b9e166296d225d325cf381072f64) + +Short term, there's a chance it bounces, support has held at the trend thus far, but it's very possible this tests all the way down to $1.75 before reversing trend. On Monday I'll put in an order for 3000 shares at $1.75, at that point, I'd be fully sized in, and wouldn't go deeper (for now). I'm disappointed this company doesn't get better attention, but I understand it. They're a confusing company, they've switched focuses, they have a lot of subsidiaries, they have two very different lines of business. Yet I see a company that's finally found it's purpose, that has a great cash flow generating business on one side, and some exciting commercial EV aspects that are driving revenue today and growth tomorrow, far and above their peers. I am still a firm believer this rockets, and I'm going to be very patient with it. I also need to be careful with the calls I put on. + +# Assignment + +Though it hasn't hit my positions below, I took assignment yesterday on NLS ($17.03 avg), U ($104.5 BEP), and DGLY ($1.74). A few things here: + +* **NLS** \- Had lots of opportunity to cut and run with a profit on NLS, I wanted the shares. There's a giant gap which needs filled up towards $26, and I'd like to go on that ride. The lack of weekly options isn't ideal. For a May 21st strike, I should be able to get \~$50 a contract at a $20 strike, a lot more premium at $17.5 which is still over my BEP, but I want to run the underlying a bit here. + +[NLS: Watching that gap](https://preview.redd.it/fuw5gdaqnpt61.png?width=2859&format=png&auto=webp&s=90e1d87790866e6b600d4d272fbb57a3da9f2e58) + +* **DGLY** \- This is a patience play. I rolled a March contract into April, that didn't work out, my BEP is up at 1.88 here. I really think this company is well positioned and the risk is mostly gone from it's current price level. Only monthlies here, and this stock rockets occasionally when civil unrest occurs, so have to be a bit careful. I can get $15 for a contract on a $2 strike, and that's probably where I'll go. Given my 60 contracts, I should get over $850 there for a months work, if assigned I'd add another $720 in profit from the underlying. The reality is, I don't want assigned there, I'd like to ride this up past $2.5, and continue to collect a healthy monthly premium as I go. We'll see how long I can manage to hold it. +* **U** \- This is my worst assignment. I bought at the wrong time. I rolled it. My BEP is flying sky high at $113.4, could be worse, but it wasn't a good entry. $110 on the May 21st contract will net me $275 here. I'll have to keep watching Unity, less clear here than the other two on where I go, but part of me does really like this as a long term option, I just don't know that I want to park so much capital on it when the options are Monthly and it won't be easy to manage. Either way, not letting go for now. See what May brings. + +# Naked Brand + +I mentioned last week that I jumped into NAKD without the usual amount of research and diligence. I did some reading this week, and nothing made me want to exit quickly. NAKD is a sad retail story, their business has been failing, and they were headed towards bankruptcy. Reddit stepped in, juiced their stock, and similar to AMC and GME, subsequently enabled them to raise capital and re-imagine their business. + +NAKD took the opportunity to eliminate all their debt. They raised cash, and now hold over $270m on hand, with room to secure additional acquisition financing. In Q2, they're divesting the Bendon brick and mortar aspects of their business (along with a variety of brands) which require more cash, moving fully e-commerce. They do still have quality swimwear and intimate apparel lines, bringing in around $20m in revenue with opportunity for future growth. + +The key thing right now, is with a stock price around \~$0.47 cents, they're valued LOWER than their cash on hand (by over $40m). That's unlikely to last. I think fair value right now is around $300m, and if they're smart with acquisition and e-commerce strategy, targeting high growth apparel or complimentary technology plays, they could easily double that. Still, I'm not looking to be here long term, I'll consider doubling if it squeezes down another 10-20%, and will exit if I see decent profit, hoping this can regain the $1 level over time. + +# MVIS + +Another stock hit hard by the rotation, yet similar to IDEX, had some good news this week. The good news (and yes I may be going a bit Beautiful Mind out in a shed with newspaper clippings) is that they filed an 8k to announce a new contract with their CEO which includes change in control provisions. These are all steps that would have to be completed pre-acquisition as an acquiring company would seek the stability, generally they don't say much, and they have little meaning short term. Still, there's a lot of smoke that MVIS is internally bullish on their LIDAR demo this month, and it's fair to think there's a better chance they're sold this year than not. + +I had wanted to open a position, opened a CSP that gave me some upside if it took off, but also a good BEP below market. I didn't expect it to crater as hard as it did, would have just bought the shares. The long term trend line here broke, the $10 level has held, though I'm not confident it stays that way. Regardless, doesn't matter, I'll look to double this position if it breaks under $10. + +# DraftKings + +For those who follow along, last week I entered DraftKings based on an uptrend in their chart. I noted that I intended to double if it broke the upper trend and tested the lower. I don't have a lot of time during the week to decide or hem and haw about a trade, writing out these plans helps me just act. Well, DKNG did break the upper support, it did test the lower support, I did double into my position, and then the clouds parted and the NFL named DraftKings an official sports betting partner. The stock jumped 4-5% after hours on the news, but it couldn't sustain it: + +[DKNG: Damn trend broke](https://preview.redd.it/ax905vgaspt61.png?width=2857&format=png&auto=webp&s=38f2436a220236f83403b357616b09eaff014ef5) + +Hoping for a green Monday, if not, I have to make a decision. Right now I'm leaning towards holding, but I need to set a cut point for myself on this one and determine if it's something I want to hold long. + +# ATNF + +The market makers play dirty, this finished at $9.98, tough luck to all the $10 call holders. I had sold one of those calls, but bought it back and sold my shares on Friday. I wasn't certain this wouldn't tank, and given the bleeding in the rest of my portfolio, locking in profits here was important enough to give up some gains. + +I bought in here late Feb at $4.5 a share. I sold them (after accounting for buying the call back) at $9.65, add a small profit from a prior call and I end up with a $5,397 gain for a month and a half's work. I will keep watching this, I do expect it to test downward again, I just haven't decided what price point I'd consider re-entering at (something below $7). This stock is crazy heavily shorted, just not very interested in riding the roller coaster, there's some rumblings about a late 10k, but I didn't look into it. + +# SKLZ and ... Then What + +I wanted to buy in, the chart looks weak, their CEO seems like he lied about when he's sell his own shares. Still seems like a drastically over-sold stock, but there are some concerns about their metrics around users, probably nothing, but this is fading for me. + +Where I'm struggling right now is where to go next. I couldn't keep up with MSFT as it climbed, missed out on over $1000 in underlying games, and am now waiting on assignment to close that position (not really complaining, did well on this trade overall). I may let AAPL get called away as well, if it gets there. I've got a variety of tickers on watch, but there's not a lot jumping out at me. I could be staring at \~$84,000 hanging out on the sidelines. I need to figure out where to deploy it. + +Suggestions? + +# Positions + +I cut AGI, and somehow managed to do it $0.10 below break even. I'll buy another share just to get that green, whoops. + +https://preview.redd.it/v42im8watpt61.png?width=1576&format=png&auto=webp&s=6df0e3aa49f0cfdce337f33c7b345cb33f999536 + +https://preview.redd.it/znk0xgdntpt61.png?width=1570&format=png&auto=webp&s=1ef330c95f1d976c614e997bd8dbd45dc09c0eb0 + +https://preview.redd.it/xupsm72jtpt61.png?width=1570&format=png&auto=webp&s=a8bf251fe0e7b899ecaaff3799d60bc910a91fb8 + +# Goal + +Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $157,065. + +I enjoy the conversation, I like to learn from you as well, hope to see you in the comments. + +[4/12](https://www.reddit.com/r/thetagang/comments/mo38py/playing_for_profit_week_of_44_is_mvis_fools_gold/) | [4/4](https://www.reddit.com/r/thetagang/comments/mj7490/playing_for_profit_week_of_44_idex_undervalued/) | [3/28](https://www.reddit.com/r/thetagang/comments/mecmjm/playing_for_profit_week_of_328_a_calm_exterior/) | [3/21](https://www.reddit.com/r/thetagang/comments/m95ht9/playing_for_profit_week_of_321_a_reset_week/) | [3/14](https://www.reddit.com/r/thetagang/comments/m452g9/playing_for_profit_week_of_314_10_gain_last_week/) | [3/7](https://www.reddit.com/r/thetagang/comments/lz19r9/playing_for_profit_week_of_37_time_to_book_a_loss/) | [2/28](https://www.reddit.com/r/thetagang/comments/ltsmfp/playing_for_profit_week_of_228_when_in_doubt_wear/) | [2/21](https://www.reddit.com/r/thetagang/comments/lo6mjd/playing_for_profit_week_of_221/)| [2/14](https://www.reddit.com/r/thetagang/comments/lizh45/playing_for_profit_week_of_214/) | [2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3) +From its August earnings to yesterday's earnings, $SDC had sky high premiums. It traded sideways the entire period and I netted $17,000 from selling CCs on 20,000 shares (got called away a couple times and also rebought a couple of times) which was about a 20% return. I got out before this earnings and I intend to do the same thing in the next 3 months. free money $$$ + +https://preview.redd.it/b6kcfyig5my71.png?width=875&format=png&auto=webp&s=afbd8ea2659fbc787a3fe78bcf197fc3be8d50b5 +I just went to the store for a few things I needed and ended up spending like $40 AFTER all the coupons and discounts. I buy generic brand whenever possible, I always go with the cheapest options I can find, I clip coupons and keep track of sales, it's just not enough. I got a huge raise earlier this year that finally pulled me out of the Money Hole of barely struggling to scrape by and if inflation doesn't go down soon I'm going to be right back where I started. I can't afford to move somewhere cheaper, at this rate I won't be able to afford where I live now eventually (AGAIN), and I can't afford to go back to school or look for a higher paying job. + +I know so many of you are in the same boat as I am and I'm sick and tired of it. +Guten Morgen to this global band of Apes! 👋🦍 + +What an exciting time to be a HODLer with Diamantenhände! As the financial media attempted to spin a narrative that Apes were beginning to experience fatigue at being invested in this great company, we watched as the price steadily rose, finishing up nearly 15%. The borrow rates continue to be incredibly high (and rising!), while a new DRS record was achieved yesterday. The volume of the final 75 minutes was also highly unusual, which makes me wonder if there was a whale increasing their position or an institution reducing its short position. Whatever the underlying reason, it is days like yesterday reiterate just how great it is to HODL GME. + +Even bigger than all of that was the apparent coordinated announcements from content creators who will be listing items on the upcoming NFT Marketplace. This foreshadows an imminent launch, which will be another step forward for GameStop's plan to revolutionize the business. I am eager to see what these independent creators have to offer, as I am convinced that they will be a pillar of the NFT Marketplace from the very beginning. As GameStop crafts deals with larger industry partners, they will be able to point at the robust L2 economy that these independent creators help drive. + +Today is Wednesday, June 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$139.62 / 130,95 €** *(volume: 5039)* +- 🟥 115 minutes in: $141.96 / 133,15 € *(volume: 4086)* +- 🟥 110 minutes in: $141.99 / 133,18 € *(volume: 4021)* +- 🟩 105 minutes in: $142.00 / 133,19 € *(volume: 4009)* +- 🟥 100 minutes in: $141.97 / 133,16 € *(volume: 4008)* +- 🟩 95 minutes in: $142.43 / 133,59 € *(volume: 3753)* +- 🟥 90 minutes in: $141.57 / 132,78 € *(volume: 3658)* +- 🟩 85 minutes in: $141.71 / 132,91 € *(volume: 3001)* +- 🟥 80 minutes in: $141.63 / 132,84 € *(volume: 2981)* +- 🟥 75 minutes in: $141.64 / 132,85 € *(volume: 2977)* +- 🟩 70 minutes in: $141.87 / 133,06 € *(volume: 2705)* +- 🟥 65 minutes in: $141.19 / 132,42 € *(volume: 2070)* +- 🟥 60 minutes in: $142.04 / 133,22 € *(volume: 1226)* +- ⬜ 55 minutes in: $142.30 / 133,46 € *(volume: 1144)* +- ⬜ 50 minutes in: $142.30 / 133,46 € *(volume: 1112)* +- ⬜ 45 minutes in: $142.30 / 133,46 € *(volume: 1111)* +- 🟩 40 minutes in: $142.30 / 133,46 € *(volume: 1103)* +- ⬜ 35 minutes in: $141.82 / 133,01 € *(volume: 990)* +- ⬜ 30 minutes in: $141.82 / 133,01 € *(volume: 957)* +- ⬜ 25 minutes in: $141.82 / 133,01 € *(volume: 926)* +- 🟥 20 minutes in: $141.82 / 133,01 € *(volume: 901)* +- 🟩 15 minutes in: $141.87 / 133,06 € *(volume: 835)* +- 🟩 10 minutes in: $141.79 / 132,99 € *(volume: 825)* +- 🟥 5 minutes in: $141.53 / 132,74 € *(volume: 723)* +- 🟥 0 minutes in: $143.33 / 134,44 € *(volume: 247)* +- 🟩 US close price: $146.50 / 137,40 € *($143.70 / 134,78 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0662. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +# PREFACE + +&#x200B; + +I've seen a couple posts hit the front page lately suggesting that the price action we have seen in zombie stocks is from shorts being forced to close before the implementation of new reporting requirements that come into effect on September 28th, 2021. They suggest that shorts sellers are being forced to close their positions before the stocks are delisted from the OTC market. + +I have read into the matter, and I believe the posts have misinterpreted things. I made a post last night that didn't gain traction, so here is my second (and more researched) attempt to correct what I believe to be misinformation. + +The posts I am referring to are: [here](https://www.reddit.com/r/Superstonk/comments/phclij/credit_to_ujaloosk_this_is_why_we_are_seeing/) and [here](https://www.reddit.com/r/Superstonk/comments/pho33e/shfs_are_being_forced_to_cover_shorts_for_sears/). + +&#x200B; + +**After looking into the matter, I believe I have discovered something nefarious. Or at least, something that is certainly not in the best interest of retail or market transparency.** + +# + +# SUMMARY + +&#x200B; + +**TL;DR:** *Courtesy of OTC Markets Group themselves*\*,\* ["OTC Markets Group currently operates the Expert Market as a distinct market tier for a small number of companies. However, on September 28th this market tier will expand to include a broader range of securities. Following the upcoming changes to Rule 15c2-11, companies that do not make current information publicly available under the rule will shift to the Expert Market."](https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/) + +&#x200B; + +**It is correct that additional reporting requirement are effective on Sept. 28th. Stocks that fail to meet the new reporting requirements will be delisted from the OTC market and moved to what is called the "Expert Market". There is no mention of forcing positions to close in any of the reading I have done.** + +**In response to the new reporting requirements for OTC stocks, OTC Markets Group has proposed exemptions to the new rules for securities traded on part of its alternative trading system (ATS) "OTC Link". They have proposed that their "Expert Market", in which access to data and quotes will be restricted to "broker-dealers, and professional or sophisticated investors" only, be exempt from the reporting requirements; the pretense being that restricting retail from accessing such opaque securities will protect the general public from the risk of fraud and manipulation, effectively achieving the "investor protection" that the new reporting requirements intend.** + +**The SEC seems on-board with the idea. This "Expert Market", which is an ATS (aka dark pool), has been operating since April 2019, and will become the new home for many companies that do not meet the new reporting requirements for OTC stocks, perhaps including our reanimated zombie stocks.** + +&#x200B; + +# ASSESSMENT + +&#x200B; + +To get a handle on the situation, I read through the following sources: + +1. [The original source from the posts I am "correcting"](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) \- A lengthy but informative read based on SEC filings